Answer:
B , D
Explanation:
Real interest rate is the interest rate adjusted for inflation rate.
Real Interest rate = Nominal Interest rate - Inflation
= 50% - 112% = -62% {Its negative}
So, such high negative real interest rate implies loss in value of held money. Hence, John lost his savings as real interest rate is negative.
Also, such higher inflation rate implies lower purchasing power of money.
So, John must have not been able to purchase the same, as much as last month - due to inflation.
An outside supplier has offered to sell the component for $17. If Damon purchases the component from the outside supplier, the manufacturing facilities would be unused and could be rented out for $10,000. If Damon purchases the component from the supplier instead of manufacturing it, the effect on income would be:
Answer:
C. a $10,000 decrease.
Explanation:
Calculation for what the effect on income would be
First step is to calculate Make
Make=$100,000 + $160,000 + $60,000
Make = $320,000
Second step is to calculate Buy
Buy= $20,000 × $17 = $340,000 – $10,000
Buy = $330,000
Now let calculate the effect on income
Effect on income = $320,000 – $330,00
Effect on income = –$10,000 decrease
Therefore the effect on income would be –$10,000 decrease
Problem 3-3 (Algo) A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 46 percent of capacity; actual usage was 52 percent of capacity. A smoothing constant of .10 is used. a. Prepare a forecast for September. (Round your final answer to 2 decimal places.) b. Assuming actual September usage of 53 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)
Answer:
A.Forecast for September=46.9
B. Forecast for October usage=47.51
Explanation:
a) preparation of the forecast for September
Forecast for September= 46 + .10 (52 − 43)
Forecast for September=46+.10(9)
Forecast for September=46+0.9
Forecast for September=46.9
Therefore Forecast for September will be 46.9
b) Preparation of the forecast for October usage
Forecast for October usage=46.9 + .10 (53-46.9)
Forecast for October usage=46.9+.10(6.1)
Forecast for October usage=46.9+0.61
Forecast for October usage=47.51
Therefore Forecast for October usage will be 47.51
(01.02 MC)
Economics is defined as a study of the (5 points)
a
properties of money
Ob
ways people obtain their wants with limited resources
Ос
ways businesses and government operates
Od
best ways to increase the profits of a company
Answer:Ob
---ways people obtain their wants with limited resources
Explanation:
Economics as defined by Lionel Robbins is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses.
The economy generally is filled with people having unlimited wants but the resources( land, labour, capital and enterpreneur) to satisfying these wants are Limited and scarce . Economics studies how the society (government and businesses)use these scarce resources to satisfy or meet its unlimited wants by providing variety of goods and services from the scarce resources so that people can have choices to choose from in satisfying their limitless wants in order of preferences.
Answer:
b: ways people obtain their wants with limited resources
Explanation:
We covered various methods to identify the preferred alternative. For example, the rate-of-return (ROR) method states that the base alternative is the one that instructs us to use incremental analysis to compare the base alternative to the next smallest investment cost alternative. Meaning, if the change in IRR is greater than or equal to MARR, eliminate the base and move on to the next comparison. If the change in IRR is less than MARR, keep the base and move on to the next comparison. Discuss this decision rule.
Answer:
The rate of return (RoR) of an investment calculates the net gain or loss of the investment over a period of time. Then this gain or loss is expressed as a percentage of the investment's initial cost. This return of return can be calculated as either the Internal Rate of Return (IRR) or the Minimum Acceptable Rate of Return.
The decision rule is based on ascertaining the economic attractiveness of a project. The rule states that if the IRR exceeds the MARR, it shows that the investment is economic and beneficial. If the IRR is less than the MARR, the investment is not economically beneficial. When the IRR equals the MARR, it implies that the benefits from the investment equal the costs.
The purpose of this decision rule is to ensure that beneficial economic decisions are during investment planning.
Explanation:
The IRR (internal rate of return) of a project calculates the discount rate at which the net present value (NPV) of all cash flows from a project equals zero. The MARR (minimum acceptable rate of return) or the hurdle rate is the lowest rate of return that the project must earn to offset the investment costs of the project. Therefore, the rate of return is a determination of the percentage change in the value of the investment at the beginning of the period and at the end.
Bearcat Construction begins operations in March and has the following transactions.
March 1 Issue common stock for $11,000.
March 5 Obtain $7,000 loan from the bank by signing a note.
March 10 Purchase construction equipment for $15,000 cash.
March 15 Purchase advertising for the current month for $1,200 cash.
March 22 Provide construction services for $16,000 on account.
March 27 Receive $11,000 cash on account from March 22 services.
March 28 Pay salaries for the current month of $4,000.
Required:
Record each transaction. Bearcat uses the following accounts:
Cash,
Accounts Receivable,
Notes Payable,
Common Stock,
Service Revenue,
Advertising Expense, and Salaries Expense.
Answer:
Date Account Titles & Explanations Debit Credit
1 Mar Cash $11,000
Common stock $11,000
(Issue of common stock)
5 Mar Cash $7,000
Notes payable $7,000
(Issue of notes payable recorded)
10 Mar Equipment $15,000
Cash $15,000
(Purchase of equipment recorded)
15 Mar Advertising expenses $1,200
Cash $1,200
(Advertising expenses recorded)
22 Mar Account receivables $16,000
Service revenue $16,000
(Service revenue recorded)
27 Mar Cash $11,000
Account receivable $11,000
(Cash receipt for customers recorded)
28 Mar Salaries expenses $4,000
Cash $4,000
(Salaries expenses recorded)
Legal forces are important external forces that international managers need to understand. They are developed at the national level, so international ventures should take care to build relationships with local-level lawyers. Identify each of the legal characteristics by matching where it is found to the correct characteristic.
a. U.S. Product Liability Law
b. EU Competition Law
c. US and EU
d. U.S. Tort Law
e. U.S. Competition Law
f. France
1. Per se application
2. Misuse of activity
3. Extraterritoriality
4. Trade obstacle, non-tariff
5. Strict liability
6. Punitive damages
Answer:
1. Per se application - US Competition law
Justification: It is a provision of US competition law
2. Misuse of activity - EU Competition law
Justification: It is a provision of EU competition law
3. Extraterritoriality - US and EU
Justification: It is a provision of US and EU antitrust and competition law
4. Trade obstacle, non-tariff - France
Justification: These are considered to be part of the France trade system
5. Strict liability - U.S. Tort Law
Justification: It is part of the U.S. Tort Law and depends on intent to harm liability
6. Punitive damages - U.S. Product Liability Law
Justification: It is a provision of U.S. Product Liability Law
Matrix management creates an environment in which the unity-of-command principle is strictly followed. is a collection of independent, mostly single-function firms that collaborate to produce a good or service. is composed of dual reporting relationships in which some employees report to two superiors. involves holding employees together by contracts that stipulate results expected, rather than by hierarchy and authority. results in a centralized decision-making system.
Answer:
Matrix management
is composed of dual reporting relationships in which some employees report to two superiors.
Explanation:
Matrix management is a cross-functional work team in which there is dual or multiple management accountability and responsibility. Team members come from different units to achieve a specific business goal or purpose. It is characterized by two chains of command. One chain of command is functional, and the other chain of command is patterned along project, product, client, and other lines.
2. Damaged batteries need to be placed in an acld-resistant container or tub Immediately.
A) True
B) False
Yes, Damaged or broken batteries need to be placed in an acid-resistant container.
Batteries are hazardous items that require specific handling and care while being stored, disposed of, and so on.If necessary, temporarily store the battery or gadget in a non-flammable material such as soil or kitty litter.Learn more:
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Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $30,400, (2) paid cash expenses of $13,800, and (3) paid a $2,100 cash dividend to its stockholders. These were the only events that affected the company during Year 1.
Required:
a. Record the effects of each accounting event under the appropriate general ledger account headings.
b. Prepare an income statement, statement of changes in stockholdersâ equity, and a balance sheet dated December 31, 2018, for Mijka Company.
Answer:
Mijka Company
a. Journal Entries
Debit Cash $30,400
Credit Service Revenue $30,400
To record the proceeds for services provided.
Debit Expenses $13,800
Credit Cash $13,800
To record the payment of cash for services.
Debit Dividend $2,100
Credit Cash $2,100
To record the payment of cash dividend.
b. Income Statement for the year ended December 31, 2018:
Service Revenue $30,400
Expenses 13,800
Net Income $16,600
Dividends (2,100)
Retained earnings $14,500
Statement of Changes in Stockholders' Equity as of December 31, 2018:
Retained Earnings $14,500
Balance Sheet as of December 31, 2018:
Assets:
Cash $14,500
Equity:
Retained Earnings $14,500
Explanation:
a) Data and Calculations:
Cash revenue $30,400
Cash expense (13,800)
Cash dividend (2,100)
Cash balance $14,500
Job 910 was recently completed. The following data have been recorded on its job cost sheet: Direct materials $ 2,430 Direct labor-hours 70 labor-hours Direct labor wage rate $ 20 per labor-hour Machine-hours 134 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $21 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:
Answer:
6644
Explanation:if u do the math whith your numbers you should get the answer
Interpersonal conflict between team members is most likely to surface and become contentious during the ________ phase of team development
Answer:
Storming
Explanation:
The storm stage is the team development phase where there is the greatest appearance of conflicts, due to the fact that in this phase there are divergences between team members in relation to their personality profiles, the role of each member on the team, team goals, etc.
This is a phase that can be problematic for the fulfillment of the team's objectives, if conflicts are not resolved there may be delays, team disruption, unproductiveness and other work-related conflicts, so it is recommended that communication be developed in this way in this phase. effective, where each member feels integrated and important for the success of working together.
Which part/phrase in the passage hints at a disadvantage that Gary suffers as a franchisee?
Gary entered a franchise contract with a manufacturing company a year back.
He has to sell the company's products under its trademark. He
has been learning the company's management techniques as per the contract.
He cannot pitch new ideas to his franchisor since the contract
restricts his creativity and independence.
He has to pay royalties and a small percentage of his sales revenue to the franchisor every month.
Answer:
I believe it is "He cannot pitch new ideas to his franchisor since the contract
restricts his creativity and independence." because he can't help his business grow when he can't make new ideas.
Answer:
2nd sentence
Explanation:
Tata Motors is an Indian multinational automotive company headquartered in Mumbai and a core member of the very successful Tata Group. India is a potentially enormous market, and Tata Motors is doing well in that market. How can Tata Motors use their core competencies in doing well in India as a way to also do well in exporting
Answer: Focused and intensive competency
Explanation:
TATA has made a name in India for being one of their largest automobile used there. To maintain and increase their market globally they have to be consistent with their competency in their product. Competency is what would make them gain more global market because they are already in some countries but how durable, efficient their vehicle's are is what would make it be referred by those using it. There other products in the market but competency would be the stand-out, making them exceptional.
Pollution control equipment for a pulverized coal cyclone furnace is expected to cost $190,000 two years from now and another $120,000 9 years from now. If Monongahela Power wants to set aside enough money now to cover these costs, how much must be invested at an interest rate of 9% per year compounded quarterly
Answer:
$212,882.75
Explanation:
Cost from 2 years now = $190,000
Cost from 9 years now = $120,000
Interest rate = 9% Quarterly
Present Worth = Cost from 2 years now*[1/(1+interest/m)^nm] * Cost from 2 years now*[1/(1+interest/m)^nm]
Present Worth = 190,000*[1/(1+0.09/4)^2*4] + 120,000*[1/(1+0.09/4)^9*4]
Present Worth = 190,000*[1/(1.0225)^8] + 120,000*[1/(1.0225)^36]
Present Worth = 190,000*[1/1.19483] + 120,000*[1/2.22782]
Present Worth = 190,000*0.83693915 + 120,000*0.4488693
Present Worth = 159018.4385 + 53864.316
Present Worth = 212882.7545
Present Worth = $212,882.75
Thus, the amount to invest to cover these cost is $212,882.75
Xavier has been working at his first post college job for almost a year when his company gives him a raise, resulting in a paychecks increase of 200, for a total of $400 extra in take home pay every month. He makes a quick list of possible ways to use that money, along with relevant notes for each.
Save for fun summer vacation trip in 8 months
Estimated cost= $1000
Interest rate-- 1% - savings account
3 friends are going -- really want to join
Pay off credit card debt sooner
Balance= $6,500
Interest rate-- 20%
Completely up to date on payments
Typically pay monthly minimum only
Pay down student loan dept
Balance= $34,000
Interest rate-- 4%
Completely up to date on payments
Increase Emergency funds
Balance= $250
Interest rate-- 1% savings account
Realize this should be much higher
Have been lucky so far-- haven't used the account once yet
Participate in company 401(k) plan
Not participating yet
Interest rate-- Variable
Company will match dollar for dollar up to 5% of my salary ($250) a month)
Finance Nicer, more reliable car
Estimated cost- $25,00
Interest rate-- 6%
Currently driving 14-year-old car paid for in cash at a time for purchase
No down payment currently saved
Provide a detailed plan, including actual dollar amounts, for Xavier to wisely use the extra $400 per month from his raise. For each part of the plan, briefly describe why you're making this choice
Answer:9900
Explanation:
600=700
Xavier might utilise the extra $700 in take-home salary in the following ways:
What are possible ways to use that money ?Xavier might save some of the excess cash in a savings account to utilise in the event of emergencies, such as unanticipated auto repairs or unforeseen medical expenses. She may feel more financially secure and ready for the future as a result.
2) Pay off debt: Xavier might use the additional funds to settle any unpaid debts, including credit card balances and college loans. She might be able to lower her monthly spending and raise her credit score as a result.
3) Put some of the additional cash toward retirement: Xavier can think about putting some of the extra cash toward retirement by opening a 401(k) or IRA. This may enable her to save . She can use this to increase her future savings and possibly increase her income through compound interest.
4) Set aside some of the additional cash to save for a major purchase: Selena may set aside some of the extra cash to save for a major purchase, such a down payment on a home or a new automobile.
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Market-share and market-size variances (continuation of 14-38). Miami Infonautics’ senior vice president of marketing prepared his budget at the beginning of the third quarter assuming a 25% market share based on total sales. Foolinstead Research estimated that the total handheld-organizer market would reach sales of 408,600 units worldwide in the third quarter. However, actual sales in the third quarter were 515,000 units.
1. Calculate the market share and market size variance for Miami Infaunotics int he third quarter of 2017.
2. Explain what happend on the market share and the market size variances.
3. Calculate the actual maket size in units that would that would let to market size variance.
Answer:
See below
Explanation:
1.
Actual Budget Inc(Dec)
Worldwide. $515,000 $408,600 $106,400
Miami infonautics $103,000 $102,150 $850
Market share 20% 25% 5%
Average contribution margin per unit
Actual = $114.82 [ $11,862,460 ÷ 103,000 units]
Budgeted = $115 [ $11,747,250 ÷ 102,150 units]
Market size. $515,000
Share gain (loss) -5%
Unit share gain (loss) ($25,750)
Budgeted composite contribution per unit $115
Market share gain(loss) ($2,961,250)
Market size vs Market budget $106,400
Budgeted market share 25%
Total $26,600
Budgeted composite contribution per unit $115
Market size variance $3,059,000
2.
Here, the actual market size of $515,000 units exceeded the budget size of 408,600 units, leading to a favorable market size variance.
3. With regards to the above, Miami infonautics share of the market fell 25% to 20%, but the substantially favorable market size variance exceeded the unfavorable market share variance resulting in a favorable sales quantity variance overall.
Sales quantity variance $97,250 F
= Market share variance
$2,961,250 U - Market size variance
$3,059,000 F
The suppliers have limited capacity, and no one supplier can meet all the company's needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows:
Supplier
Component 1 2 3
1 $10 $12 $14
2 $10 $10 $11
Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows:
Supplier 1 2 3
Capacity 600 1050 775
1. If the Edwards production plan for the next period includes 1000 units of component 1 and 800 units of component 2, how many units of each component (C1, C2) should be ordered from each supplier (S1, S2, S3)?
2. What is the total purchase cost for the components?
Answer:
Edwards
1. Units of each component (C1, C2) that should be ordered from each supplier (S1, S2, S3) are:
Supplier S1 S2 S3 Total
Capacity 600 1050 775
Orders:
C1 600 400 1,000
C2 650 150 800
Total 600 1,050 150 1,800
2. The total purchase cost for the components is:
= $18,950
Explanation:
a) Data and Calculations:
Component Price Data:
Component Supplier
1 2 3
1 $10 $12 $14
2 $10 $10 $11
Supplier 1 2 3
Capacity 600 1050 775
Requirements:
Component Units
1 1,000
2 800
Supplier 1 for C1 = 600 * $10 = $6,000
Supplier 2 for C 1 = 400 * $12 = 4,800
Supplier 2 for C2 = 650 * $10 = 6,500
Supplier 3 for C2 = 150 * $11 = 1,650
Total purchase cost = $18,950
Supplier S1 S2 S3 Total
Capacity 600 1050 775
Orders:
C1 600 400 1,000
C2 650 150 800
Total 600 1,050 150 1,800
Sandier company had no treasury stock transactions. Then, on June 1, the company paid $5,000 to purchase 100 shares common stock on the open market. On July 1, the company sold 50 of these shares at $52 per share. Then, on August 1, the company sold remaining 50 shares at $46 per share. Complete the journal entry for the sale of the treasury stock on July 1.
Answer:
July 1
Debit : Treasury Stock (50 shares x $52) $2,600
Credit: Cash (50 shares x $52) $2,600
Explanation:
Purchase of Company`s own shares is known as Treasury Stock this purchase is done at cost.
The Sale however is done at the selling prices on the respective sales dates and number of shares. This sale results in Cash increase and Decrease in Treasury Stock as shown above for July 1 Sale.
A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results: Sample SERVICE LIFE 49 525 470 500 515 480 505 500 505 513 460 470
1. What is the sample mean service life for sample 2?
A) 460 hours
B) 495 hours
C) 515 hours
D) 525 hours
2. What is the mean of the sampling distribution of sample means for whenever service life is in control?
A) 250 hours
B) 470 hours
C) 495 hours
D) 500 hours
E) 515 hours
3. If he uses upper and lower control limits of 520 and 480 hours, on what sample(s) (if any) does service life appear to be out of control?
A) sample 1
B) sample2
C) sample 3
D) both samples 2 and 3
E) all samples are in control
Answer:
1) 515 hours
2) 495 hours
3) Sample 3
Explanation:
As given,
Sample Service life
1 495 500 505 500
2 525 515 505 515
3 470 480 460 470
a.)
Sample mean service for sample 2 = [tex]\frac{525+515+505+515}{4} = \frac{2060}{4}[/tex] = 515
Correct option is C.
b.)
Mean of the sampling distribution = Average of all the samples
Average of sample 1 = [tex]\frac{495+500+505+500}{4} = \frac{2000}{4}[/tex] = 500
Average of sample 2 = [tex]\frac{525+515+505+515}{4} = \frac{2060}{4}[/tex] = 515
Average of sample 3 = [tex]\frac{470+480+460+470}{4} = \frac{1880}{4}[/tex]= 470
Now,
Mean of the sampling distribution = [tex]\frac{500+515+470}{3} = \frac{1485}{3}[/tex] = 495
Correct option is C.
c.)
For the sample to be in control, the Average has to be lie in between the upper and lower control limit
As
470 does not lie between 480 and 520
∴ we get
Sample 3 will be out of control.
Correct option is C.
Zugar Company is domiciled in a country whose currency is the dinar. Zugar begins 2017 with three assets: cash of 20,000 dinars, accounts receivable of 80,000 dinars, and land that cost 200,000 dinars when acquired on April 1, 2016. On January 1, 2017, Zugar has a 150,000 dinar note payable, and no other liabilities. On May 1, 2017, Zugar renders services to a customer for 120,000
dinars, which was immediately paid in cash. On June 1, 2017, Zugar incurred a 100,000 dinar operating expense, which was immediately paid in cash. No other transactions occurred during the year.
Currency exchange rates for 1 dinar follow:
April 1, 2016 . . . . .. . $0.33 = 1 dinar
January 1, 2017 . . . . .. . . 0.36 = 1
May 1, 2017 . . . . . . . . .. . . 0.37 = 1
June 1, 2017 . . . . . .. . . . . 0.39 = 1
December 31, 2017 . . . . . 0.41 = 1
a. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S.
dollar as its reporting currency. Assume also that the dinar is the subsidiary’s functional currency. What is the translation adjustment for this subsidiary for the year 2017?
b. Assume that Zugar is a foreign subsidiary of a U.S. multinational company that uses the U.S.
dollar as its reporting currency. Assume also that the U.S. dollar is the subsidiary’s functional currency. What is the remeasurement gain or loss for 2017?
c. Assume that Zugar is a foreign subsidiary of a U.S. multinational company. On the December 31, 2017, balance sheet, what is the translated value of the Land account? On the December 31, 2017, balance sheet, what is the remeasured value of the Land account?
A staff accountant at Ysidro Fabricators in San Ysidro, CA has provided data concerning its operations for July. The beginning balance in the raw materials account was $20,500 and the ending balance was $37,000. Raw materials purchases during the month totaled $64,000. Manufacturing overhead cost incurred during the month was $111,500, of which $2,100 consisted of raw materials classified as indirect materials. The direct materials cost for July was:
Answer:
$88,900
Explanation:
Particulars Amount
Manufacturing OH Cost $109,400 (111,500-2100)
Add: Ending materials $64,000
$173,400
Less: Beginning materials $20,500
Materials purchased $64,000 $84,500
Direct material cost $88,900
Help Me! I cant do this question and I am so confused!
Answer:
3,000
Explanation:
Divide 24,000 by 8
Answer:
It is B
Explanation:
3,000
In recent years, the world demand curve for copper shifted rightward due to continued economic growth in China and other emerging economies. Also, the costs of extracting the copper increased due to higher energy prices. As a result, we observed:
Answer:
With this combination of events, we can expect to observe higher equilibrium copper prices.
Explanation:
The reasons is that there are two economic forces pushing the market-clearing price upwards: the economic growth in China shifting the demand curve rightwards, and the higher production costs raising the supply curve.
Because of the higher production costs, firms will have to raise the selling price of copper, and at the same time, the higher demand from China will prevent any fall in demand due to the higher prices, actually driving the price even higher.
Marvin had the following transactions: Salary $50,000 Interest on City of Chicago bonds $250 Bank loan (proceed to buy personal auto) $10,000 Alimony payment to ex-wife (Divorce was finalized in 2018) $12,000 Child support payment $6,000 Gift received from aunt $20,000 Marvin's AGI is: A. $32,000 B. $38,000 C. $44,000 D. $56,000 E. $64,000
Answer:
B. $38,000
Explanation:
Calculation for Marvin's AGI
Salary $50,000
Less Alimony payment to ex-wife $12,000
AIG $38,000
($50,000-$12,000)
Therefore Marvin's AGI is $38,000
Micro, Inc., started the year with net fixed assets of $75,675. At the end of the year, there was $97,225 in the same account, and the company's income statement showed depreciation expense of $13,555 for the year. What was the company's net capital spending for the year
Answer:
the net capital spending for the year is $35,105
Explanation:
The computation of the net capital spending for the year is given below:
Closing Balance $97,225
Add: Depreciation $13,555
Less: Opening Balance -$75,675
Assets Purchased $35,105
Hence the net capital spending for the year is $35,105
is proud to work for a company with a strong __________ because he knows the organization supports ethical behavior.
Answer:
Ethical climate.
Explanation:
An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.
Thus, an organization with a strong ethical climate is generally considered to have an effective, conducive, just and optimum working standards for its employees and as such would significantly increase employee trust and commitment.
Hence, we can easily say Epicgible is proud to work for a company with a strong ethical climate because he knows the organization supports ethical behavior.
The following information was taken from the accounting records of Eb8-L4z Company for the year ended December 31, 2027:
Patent $59,000
Cost of goods sold $46,000
Inventory $55,000
Retained earnings $42,000 (at January 1, 2027)
Service revenue $37,000
Notes payable . ?
Land $88,000
Accounts receivable . $73,000
Rental revenue . ?
Utilities payable . $21,000
Salaries expense . $51,000
Accounts payable . $62,000
Equipment . $60,000
Utilities expense . $91,000
Supplies . $31,000
Income tax expense . $18,000
Dividends . $25,000
Common stock . $13,000
Cash . $82,000
Required:
Calculate the amount of gross profit reported in Eb8-L4z Company' s 2027 income statement.
Answer:
Amount of Gross Profit reported in Eb8-L4z Company 2027 Income Statement is $45,000
Explanation:
Note: "Correct question is attached as picture below"
Particulars Amount
Sales revenue $91,000
Cost of goods sold $46,000
Gross Profit $45,000
Caradonna Company has 100,000 shares of $5 par common stock issued and outstanding as of January 1, year 8. The shares were originally issued for $22 per share. On February 3, year 8, Caradonna repurchased 5,000 shares at $19 per share for the purposes of retiring them. On April 10, year 8, Caradonna repurchased an additional 2,000 shares at $25 per share. No other transactions involving common stock occurred during the year. What will be the balance in additional paid in capital from retired stock as a result of those transactions?
Answer:
$9,000
Explanation:
Common Stock Add. Paid in Capital
Additional Paid in capital on $35,000 $119,000
issued of 7000 Shares (7,000*$5) (7,000*$17)
Total Amount collected in $119,000
additional paid in capital (A)
Repurchase 5000 Shares at $19 $25,000 $70,000
(5000*5) (5,000*14)
Repurchase 2000 Shares at $25 $10,000 $40,000
(2000*5) (2,000*20)
Total Amount Paid on Additional $110,000
Paid in capital (B)
Balance in Additional paid in Capital (A-B) $9,000
____________________ will not cause a shift of the AS curve in a Keynesian framework.
Answer:
C. Changes in output prices
Explanation:
Keynesian economics is a theory that deals in macroeconomics and its impact on the output, employment, inflation, etc, In this it give rise to the government expenditure and less taxes in order to stimulate the demand and pull out the global economy
If there is any changes with respect to the output prices so the shift of the AS curve would not be resulted
So the option c is correct
preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable manufacturing overhead rate is $1.70 per direct labor-hour; the budgeted fixed manufacturing overhead is $116,000 per month, of which $30,000 is factory depreciation. If the budgeted direct labor time for December is 4,000 hours, then the predetermined manufacturing overhead per direct labor-hour for December would be: