Answer:
$2,880
Explanation:
US GAAP requires companies to value their inventories at lower of cost or net realizable value.
so we calculate both:
the cost = 8 x $530 = $4,240the net realizable value = 8 x $360 = $2,880Since the net realizable value is lower, then the computers must be recorded at that price.
The distribution department at Golden Grains Wheat Company has decided to adopt the FIFO (first in, first out) method of inventory to dispatch its bags of wheat. Which of the following strategies does this scenario best illustrate?
A. corporate strategy
B. functional strategy
C. master strategy
D. business strategy
Answer:
Option B "functional strategy " is the correct option.
Explanation:
A functional approach or strategy is necessarily connected to operations and maintenance-level decision-making, also recognized as tactical changes.Those same tactical decisions were mostly applied to different operational departments such as business, research as well as development, human resources, warehousing, logistic support, amongst others.And therefore this strategy demonstrates best the specific situation.
A seller entered into a written contract to sell a tract of land to a buyer. The buyer was to pay $1,500 per month for five years, at which time the seller would deliver a warranty deed. The contract was silent as to the quality of title to be conveyed. After making 12 payments, the buyer discovered that a neighbor had an easement of way over the land, which was not discussed at the time the seller and buyer entered into the contract. The neighbor had not used the easement over the previous year because she had been out of the country. On the basis of the easement, the buyer wishes to cancel the contract. Which party is more likely to prevail?
Answer:
Option B
The party which is more likely to prevail is the seller, because the buyer has no basis on which to rescind the contract.
Explanation:
A contract is a lawful agreement in which there is two person which is enforceable by law. In this contract there is agreement, consent, lawful consideration, rules and regulations have existed
Now according to the real estate contract there is a contract of
a. Money from the client
b. Title for real estate
So as per the situation give, the option is correct as the buyer has no reason for cancel the contract
Suppose the governments of two different economies, economy A and economy B, implement a permanent tax cut of the same size. Investment spending in economy A is more sensitive to changes in the interest rate than investment spending in economy B. The economies are identical in all other respects. The tax cut will have a smaller impact on aggregate demand in the economy with the
Available Options Are:
a) higher sensitivity to changes in the interest rate, or
b) lower sensitivity to changes in the interest rate
Answer:
Option A. Higher sensitivity to changes in the interest rate
Explanation:
The reason is that the tax cut will encourage foreign investment and this increase in Foreign Investment will increase the GDP but by small amount. However, the higher interest rate in an economy always raises additional money in an economy which companies invest to purchase the new GDP. Thus the GDP growth is highly sensitive to changes in interest rate.
A firm has a debt-to-equity ratio of 1.0. If it had no debt, its cost of equity would be 12 percent. Its cost of debt is 9 percent. What is its cost of equity if there are no taxes?
Answer:
15%
Explanation:
The computation of the cost of equity in case of no taxes is shown below:
Cost of equity without tax = Cost of equity + (cost of equity - cost of debt) × debt equity ratio
where,
Cost of equity = 12%
Cost fo debt = 9%
And, the debt equity ratio = 1
Now placing these values to the above formula,
So, the cost of equity without considering the tax is
= 0.12 + (0.12 - 0.09) × 1
= 0.12 + 0.03 × 1
= 0.12 + 0.03
= 0.15
= 15%
arston acquired assets for $100,000. At the end of year 3, the assets had accumulated depreciation of $40,000. An impairment loss was indicated, and the fair value of the assets was $48,000. The journal entry to record the impairment loss will include
Answer:
Kindly see Explanation
Explanation:
JOURNAL ENTRY :
Asset worth = $100,000
Accumulated Depreciation = $40,000
Fair value of asset due to loss impairment = $48,000
Asset ($100,000 - $48,000) - - - $52,000 Cr.
Accumulated Depreciation - - - $40,000 Dr.
Impairment loss - - - - - - - - - - - - $12,000 Dr.
Impairment loss = (Asset value - Depreciation - fair value)
Impairment loss = ($100,000 - $40,000 - $48,000)
$60,000 - $48,000 = $12000
If the economy is hit by a negative real shock that raises inflation and unemployment, which fiscal policy action should the government take in order to keep inflation and unemployment stable?
Answer: There is no fiscal policy action that can keep the inflation and unemployment stable.
Explanation:
If there is a negative real shock such as an oil crisis, it will be hard fir the affected economy to adjust and be stable.
A negative real shock will lead to a reduction in growth and a rise in inflation. Even in cases whereby there is an increase in the money supply, this will lead to a rise in real growth but the result will be that there will be an higher inflation
Therefore, there is no fiscal policy action that can keep the inflation and unemployment stable.
When a security is being registered under coordination, all of the following are required EXCEPT A) filing with the Administrator of a statement of the maximum and minimum proposed offering price and maximum underwriting discounts or commissions concurrently with the filing of the registration statement with the SEC B) payment of the appropriate fee C) a description of the proposed use of the proceeds of the underwriting D) prompt filing with the Administrator of any amendments filed with the SEC
Answer:
C) a description of the proposed use of the proceeds of the underwriting
Explanation:
When registering security by coordination, it is required that the applicant pays the appropriate fees required by law before the process begins. He is also expected to make proper documentation and filing with the Administrator at the Securities Exchange Commission. Any amendments made in former agreements are to be filed. An undertaking is to be signed by the applicant to document any future amendments.
The applicant is also expected to provide a statement of the maximum and minimum price offering, underwriting discounts, or commissions. Price Amendments are to be filed with the Administrator too. He is not expected to provide a description of the proposed use of the proceeds of the underwriting.
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard deviation of 16%. B has an expected rate of return of 8% and a standard deviation of 12%. What is the weight of Security A in the global minimum variance portfolio? Format your answer as a percent to 2 decimal places. (e.g. XX.XX% do not show % sign)
Answer:
0.43
Explanation:
The computation of the weight of Security A for the minimum variance portfolio is shown below:
Weight of security A is
= (Standard deviation of Security B) ÷ (Sum of the standard deviation of securities)
= (12%) ÷ (16% + 12%)
= (12%) ÷ (28%)
= 0.43
We simply applied the above formula so that the weight of Security A
The owner of Mercury Appraisal Company held a ribbon-cutting event when he opened his new business. He invited city dignitaries, representatives from all the news media, and anyone who might have need of his services to the event. The goal of his promotion was most likely to:
Answer:
create awareness
Explanation:
Based on this scenario it can be said that the main goal of this promotion was to create awareness. This means grabbing the attention of as many individuals as possible in order to spread the company's reach. Doing so allows a wider population to get to know the company which in term leads to more clients doing business with Mercury Appraisal Company, and more business means more profits.
A country has been in existence for only two years. In the first year, receipts were $1.0 million and outlays were $1.5 million. In the second year, receipts were $1.5 million and outlays were $2.0 million. At the end of the second year, the government had issued debt worth ______.
Answer: $1 million
Explanation:
From the question, we are informed that a country has been in existence for only two years and that in the first year, receipts were $1.0 million and outlays were $1.5 million. Since outlays us more than revenue, it shows that there's a debt of ($1.5m - $1.0m) = $0.5 million.
In the second year, receipts were $1.5 million and outlays were $2.0 million. This also shows that there is a debt of $0.5 million.
At the end of the second year, the government had issued debt worth:
= $0.5 million + $0.5 million
= $1 million
what are the importance of a scale ?
Answer:
The importance of scale is given below.
Explanation:
Scale becomes making it more effective also because of the severity of the challenges faced throughout environments including certain reducing inequality, the community, gender inequality as well as infrastructure need on-scale approaches. They are therefore merge-border in natural surroundings and therefore not based exclusively towards one venue.________, which indicates free enterprise in the hands of the self-employed, was a contributory factor to the economic growth of newly industrialized countries (NICs). Multiple Choice Entrepreneurship Expropriation Privatization Socialization Nationalization
Answer: entrepreneurship
Explanation:
Entrepreneurship is the act of running a business despite the risk involved with the aim of making profit. The role of entrepreneurship in every economy cannot be understated.
It is a contributory factor to the economic growth of newly industrialized countries as it provides job opportunities, brings about economic growth and increase in welfare to the people.
Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
In one state, a lender holds a lien on real property offered as collateral for a loan. The borrower retains both legal and equitable title to real property. If the borrower defaults on the loan, the lender must go through formal foreclosure proceedings to recover the debt. This state can be BEST characterized as what kind of state?
Answer:
LIEN THEORY
Explanation:
Based on the scenario being described it can be said that this state is a lien theory state, in which the court is enlisted to order and oversee the foreclosure procedure. In such a state, the buyer/borrower holds the deed to the real estate property until the mortgage expires and promises to make the mortgage payments that were previously agreed upon in the financial agreement.
How does a price war affect customers?
Answer:
no body will buy it
Explanation:
u increase and decrease the price so much that no body will know the price
For consumers, lower prices mean better deals. Also, consumers can benefit from additional products and services offered during a price war. For example, if car companies are engaged in a price war, consumers might be able to score a bargain price for a high-end model car that otherwise would have been too expensive
TimeEnough Inc. entered the low-priced digital watch market several years ago. This firm's earnings have been unsteady, but might be growing. According to the BCG growth matrix, TimeEnough is a
Answer:
Time Enough is a question mark.
Explanation:
In the BCG growth matrix, question marks are those firms that have a low market share, but that are growing, however, it is still uncertain where said firms will stand in the future.
Time Enough is a question mark because while the firm's earnings have been usteady, there is still evidence that the firm is growing, so the firm could become a star or a cash cow in the future.
A tenant farmer built a chicken coop and a tool shed. These buildings belong to the a. tenant. b. owner of real estate. c. owner, but the owner must reimburse the tenant. d. tenant, but the tenant must pay additional rent for them.
Answer:
a. tenant.
Explanation:
Since in the question, it is mentioned that the tenant farmer is constructed a chicken coop and a tool shed
As it is given in the question that the chicken coop and a tool shed is built or constructed by a tenant farmer so these buildings is belonged to tenant only
Hence, the correct option is a.
And the other options are wrong
Laura Pine worked as a welder for BCD Company for ten years before it changed its rigid tuition reimbursement policy. This year, the new education support policy will allow her to take any course that interests her, not just a course in her field of employment. She is very excited about this and has enrolled in two management courses. She has always thought she had the ability to become a good manager. Laura is attempting to satisfy her ____ needs.
Answer: self-actualization
Explanation:
From the question, we are informed that Laura Pine worked as a welder for BCD Company for ten years before it changed its rigid tuition reimbursement policy.
We are further informed that this year, the new education support policy will allow her to take any course that interests her, not just a course in her field of employment and that she is very excited about this and has enrolled in two management courses.
She has always thought she had the ability to become a good manager. This shows that Laura is attempting to satisfy her self actualization needs.
Frames, Inc. manufactures large wooden picture frames. Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced, and variable selling and administrative expense is $13 per frame sold. The company produces 5,000 units each month and total fixed manufacturing overhead cost per month is $15,000. The unit product cost of each frame using variable costing is:_______.
Answer:
Unitary production cost= $68
Explanation:
Giving the following information:
Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unitary production cost= 19 + 40 + 9= $68
King Construction Company receives weekly shipments of lumber, vinyl siding, and stone slabs from one of its materials suppliers. Since King Construction Company is a regular customer, the supplier has made an agreement to give the company discounts if it pays its bill early. This is an example of
Answer:
Trade credit
Explanation:
The trade-credit refers to the increase in credit by the suppliers. There is an option to purchase now and pay later. The company could take order with respect to material delivery, equipment on credit instead of paying in cash on an immediate basis. This can be done by using the trade credit
Therefore according to the question, since it is mentioned that there is an agreement that if pay the bill on early so the company provides the discount
So, this is an example of Trade credit
This is a Trade Credit illustration.
A trade credit agreement is a contract that allows you to buy products and services without having to pay for them right away. The buyer and the vendor come to an agreement, and the seller delivers the goods and services purchased. It is more beneficial to the expansion of a firm.
According to this knowledge, King Construction Firm is a regular customer, and there is an understanding that if the bill is paid early, the company will give a discount.
Learn more:https://brainly.com/question/2911975?referrer=searchResults
Q 5.36: Badger Enterprises purchased aluminum from JG Metals. When Badger Enterprises recorded this transaction, they made entries into three accounts: Purchases, Freight Costs, and Purchase Discounts. Based on this, what type of inventory system does Badger Enterprises use
Answer: periodic inventory system
Explanation:
The type of inventory system used by Badger Enterprises is the periodic inventory system. The periodic inventory system is an inventory whereby updates are usually done on periodic basis.
In the periodic inventory system, physical count of inventory is done at specific intervals. This is the method used by the company in the question.
What role do special government agencies play in protecting buyers? Check all that apply.
Answer:
Agencies create regulations to ensure safe products.
Agencies provide information about products and services.
Agencies collect buyers fraud complaints.
Special Government agencies make companies and businesses compete, by protecting the customers as well.
Explanation:
Answer:
A: They create regulations to ensure safe products
E: They provide information about products
F: They collect customer fraud complaints
Explanation:
on edge Good Luck!!!
Explain the types of accounts
Answer:
Hi there!
For accounting treatment , accounts are broadly classified into three types as personal account , real account and nominal account or fictitious account. They are as follows:
Personal accountThe account which is related with a person or organization ( entity ), is termed as personal account. Here person means natural persons like Anna , Olivia , James etc and organization represents the artificial persons created by law. The rule for debit and credit for personal accounts is ;
Debit : The receiver
Credit : The giver
Real accountThe account which is related with assets or property is known as real account. Land and building , plant and machinery, and furniture and fixtures are the examples of the real account. Properties or assets are either incoming or outgoing from the organization. The rule for real account is ;
Debit : What comes in
Credit : What goes out
Nominal accountThe account which is related to expenses or loss and income or gain is known as nominal account. Rent , wages , salary , discount , interest and commission are the examples of nominal account. The rule of nominal account is;
Debit : the expenses or losses
Credit : the income or gains
Hope this helps..
Best regards!!
Explanation:
3 Different types of accounts in accounting are Real, Personal, and Nominal Account. Real account is then classified into two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative, and Artificial.
PERSONAL ACCOUNT:
These accounts types are related to persons. These persons may be natural persons like Tom’s account, Sam’s account, etc.
These persons can also be artificial persons like partnership firms, companies, bodies corporate, an association of persons, etc.
There can be personal representative accounts as well.
Rule for this Account
Debit the receiver. Credit the Giver.REAL ACCOUNT:
These account types are related to assets or properties. They are further classified as Tangible real account and Intangible real accounts.
1.Tangible Real Accounts
These include assets that have a physical existence and can be touched. For example – Building A/c, cash A/c, stationery A/c, inventory A/c, etc.
2.Intangible Real Accounts
These assets do not have any physical existence and cannot be touched. However, these can be measured in terms of money and have value. For Example – Goodwill, Patent, Copyright, Trademark, etc.
Real Account Rules
Debit what comes into the business. Credit what goes out of business.NOMINAL ACCOUNT:
These accounts types are related to income or gains and expenses or losses. For example: – Rent A/c, commission received A/c, salary A/c, wages A/c, conveyance A/c, etc.
Rules
Debit all the expenses and losses of the business. Credit the incomes and gains of business.There are some other accounts in accounting as well:
Cash Account – This account is used for keeping the records of payments done by cash, withdrawals, and deposits.
Income Account – The Purpose of this account is to keep the record of the income sources of business.
Expense Account – This account tracks the expenditure of the business.
Liabilities – If there is any debt or loan then that amount comes under liabilities.
Equities – If there is an investment of the account owner or common stocks, retained earnings then these will fall under equities.
Samira works for a company with a strict top-down structure. Her daily tasks must conform carefully to written guidelines and rules, and she has very specific job responsibilities. Samira works for a(n) ______.
Answer:
Samira works for a mechanistic organization.
Explanation:
A mechanistic organization is one in which decision making is very centralized and hierarchical. The name of mechanistic organization comes from an analogy with a "machine", machines are run based on predetermined algorithms, and mechanistic organizations can be so rigid as to seem like they run almost like perfect machines.
Broker Freehand and Broker Getrich make a deal that Freehand will take all the listings on the north side of town, which are located near his office and Broker Getrich will take all the listings on the south side near his office. They have agreed not to cross into each other's territories or allow their salespeople to do this. They have also agreed to set their rates at 7% so that the sellers will all pay the same fee. Is this acceptable?
Answer:
It is not acceptable
Explanation:
The office of Broker Freehand is located on the north side of town while the office of Broker Getrich is located on the south side of town but the office location shouldn't make a basis for such agreement because such agreement is a breach of Sherman Anti trust act
Sherman antitrust act is an act that was made to stop monopoly of a businesses by a group of firms or individuals with the aim of dictating prices of goods and services in the market. The agreement between Broker Freehand and Broker Getrich will eliminate fair market competition for other Brokers and will also set the prices of the listing since the rates charged by both would be fixed at 7%
Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who oversees the manufacturing process for that location. Segmented income statements are prepared for each plant and for each product manufactured in the plant. The salary of each plant manager is a ______ for the individual product lines made in the plant.
The correct answer to this open question is the following.
Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who oversees the manufacturing process for that location. Segmented income statements are prepared for each plant and each product manufactured in the plant. The salary of each plant manager is a traceable fixed cost to the plant and a common fixed cost for the individual product lines made in the plant.
The traceable fixed cost for a corporation means that this cost has a relationship between cost and effect related to a particular area or region of the country, or related to a process just operated in a specific location. This traceable fixed cost is part of the equation because there is a peculiar business that includes it. Or there is a necessity to be covered.
Whereas ______________ are often associated with a low-cost leader strategy, ______________ are frequently an important aspect of a differentiation strategy. Multiple Choice process innovations; product innovations product innovations; service innovations radical innovations; instrumental innovations marketing innovations; management innovations
Answer:
banks
Explanation:
banks is it
In the manufacture of 10,000 units of a product, direct materials cost incurred was $165,000, direct labor cost incurred was $105,000, and applied factory overhead was $53,000. The total conversion cost is
Answer:
$158,000
Explanation:
During the manufacture of 10,000 units of a products, the direct costs incurred was $165,000
The direct labour costs incurred was $105,000
The applied factory overhead was $53,000
Therefore, the total conversion cost can be calculated as follows
Total conversion costs= Direct labour+ Factory overhead
= $105,000+$53,000
= $158,000
Hence the total conversion cost is $158,000
Unlike venture capital firms and most other institutional investors, angels typically invest in businesses in their earliest phases, providing the seed capital needed to get the business going.
a) true
b) false
Answer:
true
Explanation:
Angel investors are investors that provide one time funding to startups usually at the inception of the startup. the angel investor usually receives ownership stakes in exchange for their capital
You have just determined the actual number of workstations that will be used on an assembly line to be 8 using the assembly-line balancing procedure. The cycle time of the line is 600 seconds and the sum of all that tasks required on the line is 60 minutes. Which of the following is the correct value for the resulting line's efficiency?
a) 0.00125
b) 0.5
c) 0.650
d) 0.750
e) 0.835
Answer:
d) 0.750
Explanation:
The computation of the correct value for the resulting line's efficiency is shown below:
Efficiency = All task times sum ÷ (Actual number of workstations × cycle time)
where,
All task times sum is 60 minutes
The Actual number of workstations is 8
And, the cycle time is
Since 600 seconds = 10 minutes
And 1 minute = 60 seconds
So, the cycle time would be
= 600 ÷ 60
= 10 minutes
Now placing these values to the above formula
So, the resulting line's efficiency is
= 60 ÷ (8 × 10)
= 60 ÷ 80
= 0.750