Answer: a. have the authority to enter into new contracts with subcontractors, material suppliers, and workers
Explanation:
If the partners elect to finish the job, they will legally have the authority to enter into new contracts with the necessary outside contractors needed to get the job done.
This is because the job was agreed to with the partners and with the dissolution of the partnership, contracts with these contractors were cancelled. Since the partners however want to pursue the job, they are free to do so but will need to get new contracts to replace the old cancelled ones.
Suppose your college or organization is considering a new project to develop an information system that would allow all employees, students, and customers to access and maintain their own human resources information, such as address, marital status, and tax information. The main benefits of the system would be a reduction in human resources personnel and more accurate information. For example, if an employee, student, or customer had a new telephone number or email address, he or she would be responsible for entering the data in the new system. The new system would also allow employees to change their tax withholdings or pension plan contributions. Identify five potential risks for this new project and be sure to list some negative and positive risks.
Required:
Provide a detailed description of each risk and propose strategies for addressing each risk.
Answer:
The description of the given question is explained below in the explanation portion.
Explanation:
Risk 1: New customer
Our advantage comes from developing strong client relationships, that also typically lead to other initiatives with this client.Risk 2: Poor cost estimate
It's always research linked towards the building of educational business process, therefore a complicated project consisting of several components including students, instructional personnel, and clients.Risk 3: Difficult to maintain
Throughout the long term, disproportionately numerous people will be able to use that same technology in some of these circumstances.With a 9-month maturity bucket, a 3-month loan would be considered a _____ asset and a 30-year mortgage with a rate adjustment in 6 months would be classified as a _____ asset. Rate-sensitive asset; fixed-rate asset Rate-sensitive asset; rate-sensitive asset Fixed-rate asset; fixed-rate asset Fixed-rate asset; rate-sensitive asset
Answer:
Fixed-rate asset; rate-sensitive asset
Explanation:
in the case when there is a 9 month maturity bucket so here the 3 month loan should be considered as the fixed rate asset as there is no change in the rate for the first asset while on the other hand there is a rate adjustment in 6 month so this is to be considered as the rate senstitive asset
Therefore the last option is correct
1. NAFTA is a trade agreement that was negotiated by the leaders of three countries. Which of the following countries was not part of this agreement?
O the United States
O Canada
O Cuba
O Mexico
Cuba countries was not part of this agreement.
What is NAFTA?NAFTA stands for the North American Free Trade Agreement. It was signed in 1994 by the United States, Canada, and Mexico and went into effect on January 1, 1994. NAFTA removed most of the tariffs and other trade barriers between the three countries, allowing for the free flow of goods between all three countries. NAFTA also established trade rules and investment protections, which allowed for increased foreign investment in each of the three countries. NAFTA has been seen as a major success in terms of trade between North American countries, and has been credited with helping to boost the economies of the three countries involved.
NAFTA was negotiated by the leaders of the United States, Canada, and Mexico. China was not part of the agreement.
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Choose one of the topics below. Compare and contrast the way in which you would use technology in 2 different scenarios: 1) discussing this topic with a friend and 2) writing an academic paper about this topic.
work-life balance
appropriate screen time for kids
local traffic congestion
a family vacation destination
one of your hobbies
Answer:
If I were discussing the topic of work-life balance with a friend, I might use technology such as messaging apps or social media to communicate and exchange ideas. I might also use online resources, such as articles or blog posts, to share information and examples to illustrate my points.
Explanation:
If I were writing an academic paper about the topic of work-life balance, I would use technology in a more formal and structured way. I might use a word processor to write and organize my paper, and use online databases or research tools to find and cite credible sources to support my arguments. I might also use software to help me format my paper according to academic standards and create any necessary citations or references. Overall, the use of technology in writing an academic paper would be more focused on research and organization, while the use of technology in discussing the topic with a friend might be more casual and focused on exchange of ideas and information.
On January 1 of this year, Conrad Nelson contributed $15,000 cash in exchange for 50 shares of stock in Sterling Inc., an S corporation. Sterling employs Conrad as its director of marketing. Conrad's current year salary was $70,000 and his pro rata share of Sterling's ordinary business income was $16,800. During the year, Conrad received a $9,000 cash distribution with respect to his Sterling stock. Compute Conrad's basis in his Sterling stock at year end. Multiple Choice $15,000 $22,800 $31,800 $92,800
Answer:
b. $22,800
Explanation:
Particulars Amount
Contribution $15,000
Ordinary business income share $16,800
Cash Distribution $(9,000)
Conrad’s basis in his Sterling stock on January 1, 2013 $22,800
Conrad's basis in his Sterling stock at year end is $22,800.
Using this formula
Conrad’s basis in his Sterling stock =Contribution + Conrad’s basis in his Sterling stock - Cash distribution
Let plug in the formula
Conrad’s basis in his Sterling stock =$15,000+$16,800-$9,000
Conrad’s basis in his Sterling stock = $22,800
Inconclusion Conrad's basis in his Sterling stock at year end is $22,800.
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Suppose the tax rate on interest income from saving were reduced. a. The income effect, but not the substitution effect, would tend to reduce private saving. b. The substitution effect, but not the income effect, would tend to reduce private saving. c. Both the income and substitution effect would tend to reduce private saving. d. Neither the income nor the substitution effect would tend to reduce private saving.
Answer:
When the tax rate on income from savings is reduced, the following would take place.
c. Both the income and substitution effect would tend to reduce private saving.
Explanation:
Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $600,000 $700,000 $500,000 $300,000 Total budgeted cash collections in April would be: Group of answer choices $35,000 $125,000 $210,000 $370,000
Answer: $370,000
Explanation:
Based on the information given in the question, the total budgeted cash collections in April would be calculated as the addition of the sales value from February to April and this will be:
February sale = 5% × $700,000 = $35,000
Add: March sale = 25% × $500,000 = $125,000
Add: April Sale = 70% × $300000 = $210000
Total Collection = $370000
Goodwill generated internally should be:__________
a. capitalized in the year it occurs.
b. represents the purchase price of a business that is about to be sold.
c. is the difference between the fair value of the net tangible and identifiable intangible assets and the purchase price of the acquired business.
d. is the only account in the financial statements that is based on fair value, all other accounts are recorded at an amount other than their fair value.
Answer: c. is the difference between the fair value of the net tangible and identifiable intangible assets and the purchase price of the acquired business.
Explanation:
Question is not formatted correctly as it is asking for the definition of goodwill, not goodwill generated internally.
Goodwill is the difference between the net identifiable total assets of a company and the purchase price of that same company. It is essentially a premium paid on the book value of the company and it is influenced by a number of things such as location, customer base, profit potential and others.
The company that did the buying will then incorporate this goodwill into their own books. This is why companies that have a lot of goodwill on their books have usually been involved in acquisitions.
I want to create a projject to get funds for education for all people who can not afford them
Create and distribute your fundraising effort. Organize offline fundraising activities. Ask nearby companies to reciprocate donations. Sponsor group activities. Gather contributions for a school fundraiser are some method.
What is fundraising?Fundraising, often known as fund-raising, is the process of soliciting and accumulating voluntarily contributed funds from people, businesses, nonprofit organizations, or state agencies.
The ideas that are used for fundraising can be:
Make clever online donation forms.Launch a dough fundraising campaign.Hold a shoe sale to raise money.Make a fundraising event using pledges.Organize a scratch-off ticket school fundraiser.Start a peer-to-peer crowdfunding campaign.Offer school supplies for sale to raise money.Encourage the community to make matching gifts.Learn more about fundraising , Here:
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The question is incomplete, the complete question will be :
I want to create a project to get funds for education for all people who can not afford them. What can be the ideas that are used for fundraising
an acrostic poem describing the word peculiar
When read vertically, an acrostic poem contains letters from each line that combine to spell out a word, name, or phrase. The word is usually spelled out by the first letter of each line, but it can be placed anywhere on the line.
What is an acrostic poem rhyme?Each line of an acrostic poem begins with a capital letter that vertically spells out the poem's theme. Acrostic poems do not have to rhyme, but other poetic devices such as alliteration, similes, and rhythm are frequently used to create an effect on the reader.
Thus, Each line begins with a capital letter that vertically spells out the poem's theme. Acrostic poems, like any other poem, do not have to rhyme, but they can use other poetic devices such as alliteration, similes, and rhythm.
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An increase in the expected real interest rate tends to raise desired saving, but lower desired investment. Explain how and why? Also give an example
Savings have increased as a result of the higher lending rates, and the quantity of loanable money available has climbed. The need to borrow money at various interest rates is reflected in the request for loanable funds.
What is an interest rate?An amount that a borrower must pay to a loan as interest during the course of a loan, is stated as a percentage of the loan amount.
The nation's economic balances of fixed investments and savings impact the real interest rate. All other things being equal, if saving raises or asset growth declines, the real interest rate lowers; if saving grows or asset growth reduces, the real interest rate increases.
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How do strong information literacy skills impact academic or professional career
On November 1, 2021, Sandhill Co. places a new asset into service. The cost of the asset is $84000 with an estimated 10-year life and $12000 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Sandhill Co. uses the straight-line method of depreciation
Answer:
$7,200
Explanation:
According to the scenario, computation of the given data are as follows,
Total cost = $84,000
Salvage value = $12,000
Estimated life = 10 years
So, we can calculate depreciation expense by using following formula,
Depreciation yearly = (Total cost - Salvage value) ÷ Estimated life
= ($84,000 - $12,000) ÷ 10
= $72,000 ÷ 10
= $7,200
Windsor, Inc. just began business and made the following four inventory purchases in June: June 1 138 units $828 June 10 184 units 1288 June 15 184 units 1472 June 28 138 units 1242 $4830 A physical count of merchandise inventory on June 30 reveals that there are 184 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $1610. $1105. $1150. $1656.
Answer:
$1,150
Explanation:
Given the above information, the value of the inventory method on June 30, using LIFO method would be calculated as;
= $828 + [ ($1,288 ÷ 184) × (184 - 138) ]
= $828 + (7 × 46)
= $829 + $322
= $1,150
Therefore, the ending inventory on June 30, using LIFO method is $1,150
After-Tax Profit Targets Olivian Company wants to earn $420,000 in net (after-tax) income next year. Its product is priced at $275 per unit. Product costs include: Direct materials $90 Direct labor $65 Variable overhead $16 Total fixed factory overhead $440,000 Variable selling expense is $14 per unit; fixed selling and administrative expense totals $290,000. Olivian has a tax rate of 40 percent. Required:
1. Calculate the before-tax profit needed to achieve an after-tax target of $420,000.
2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.)
3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2.
4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a $420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)
Answer:
1. Before-tax profit = $700,000
2. Number of units that will yield the operating income = 15,889
3. Operating income = $700,010
4-a. The units sold to reach a $420,000 target net income would be lower than the units calculated in Requirement 2 and used in Requirement 3.
4.b. Number of units needed at the new tax rate = 15,291
Explanation:
1. Calculate the before-tax profit needed to achieve an after-tax target of $420,000.
The before-tax profit can be calculated as follows:
After-tax target profit = Before-tax profit * (100% - Tax rate) ……………….. (1)
Substituting the relevant values into equation (1) and solve for Before-tax profit, we have:
$420,000 = Before-tax profit * (100% - 40%)
$420,000 = Before-tax profit * 60%
Before-tax profit = $420,000 / 60%
Before-tax profit = $700,000
2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. (Round to the nearest unit.)
The number of units can calculated as follows:
Contribution margin = Selling price per unit - Direct materials per unit - Direct labor per unit - Variable overhead per unit - Variable selling expense per unit = $300 - $90 - $65 - $16 - $14 = $90
Before-tax profit = (Contribution margin * Number of units that will yield the operating income) - Total fixed factory overhead - Fixed selling and administrative expense ………………. (2)
Substituting the relevant values into equation (2) and solve for Number of units that will yield the operating income, we have:
$700,000 = ($90 * Number of units that will yield the operating income) - $440,000 - $290,000
$700,000 + $440,000 + $290,000 = $90 * Number of units that will yield the operating income
$1,430,000 = $90 * Number of units that will yield the operating income
Number of units that will yield the operating income = $1,430,000 / $90 = 15,889
3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2.
Olivian Company
Income statement
For the coming year
Details $ $
Sales revenue ($275 * 15,889) 4,369,475
Direct materials ($90 * 15,889) (1,430,010)
Direct labor cost per unit ($65 * 15,889) (1,032,785)
Variable overhead ($16 * 15,889) (254,224)
Total fixed factory overhead (440,000)
Cost of goods sold (3,157,019)
Gross profit 1,212,456
Selling and administrative expense:
Variable selling expense (14 * 15889) (222,446)
Fixed selling and administrative expense (290,000)
Total selling and administrative expense (512,446)
Operating income 700,010
4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a $420,000 target net income be higher or lower than the units calculated in Requirement 3? Calculate the number of units needed at the new tax rate. (Round dollar amounts to the nearest dollar and unit amounts to the nearest unit.)
Before-tax profit = After-tax target profit / (100% - Tax rate) = $420,000 / (100% - 35%) = $646,154
Substituting the relevant values into equation (2) and solve for Number of units that will yield the operating income, we have:
$646,154 = ($90 * Number of units that will yield the operating income) - $440,000 - $290,000
$646,154 + $440,000 + $290,000 = $90 * Number of units that will yield the operating income
$1,376,154 = $90 * Number of units that will yield the operating income
Number of units that will yield the operating income = $1,376,154 / $90 = 15,291
4-a. The units sold to reach a $420,000 target net income would be lower than the units calculated in Requirement 2 and used in Requirement 3.
4.b. Number of units needed at the new tax rate = 15,291
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River bought a new washing machine that came with a warranty. How will this warranty be MOST helpful for River?
A.
It will take a percentage off the next purchase.
B.
It will be used to get a tax deduction on yearly taxes.
C.
It will allow free repairs to the machine if needed.
D.
It will guarantee a large tax refund next year.
Answer:
The answer is C and I am sure about that, so choose C
Write the relationship between audit and finance?
Answer:
Financial management makes decisions about managing finances: managing cash, using credit, paying bills, minimizing tax bills and borrowing costs, ensuring money for the firm’s current plan, and reporting the status of the finances. They are one part of the broader management team, and have a direct role in planning and can actually contribute profits or losses to the bottom line via their decisions.
Auditors are more like investigators or quality control: they don’t make business decisions, they make sure the financials being reported actually match the reality of what the company is doing. They usually are independent of management: they report to the board of the company, not the management they are auditing; they often have the mandate to look at anything they choose; they sometimes have a forensics function: collecting and analyzing evidence of serious wrongdoing if things are really out of control.
1.audit refers to the systematic process of examining verify of data related to the financial activities of an organization.
2.auditor is a professional inside audit
Financial management
1.Financial management refers to managing the fund of an organization.
2.finance manager is a professional inside finance management.
Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions).
Current Year Prior Year
Accounts receivable, net of
allowances of $333 and $375 $14,987 $13,014
Net revenues 69,943 62,484
According to its Form 10-K, Microsoft recorded bad debt expense of $14 and did not reinstate any previously written-off accounts during the current year.
Required:
1. What amount of bad debts was written off during the current year?
2. Assuming that all of Microsoft's sales during the period were on open account, compute the amount of cash collected from customers for year 2.
Answer:
Allowance for Doubtful Account
Accounts written off $56 Beginning balance $375
[$375+$14-$333]
Bad debt expense $14
Ending balance $333
Accounts Receivable (Gross)
Beginning balance $13,389 Accounts written off $56
[$13014+$375]
Net sales revenue $69,943 Cash collected $67,956
[$13389+$69943-$56-$15320]
Ending balance $15,320
[$14987+$333]
Which of the following would be a type of court case heard at the state level?
A.
any case about traffic violations
B.
legal matters where child custody is a concern
C.
cases that have been appealed in lower courts
D.
all murder cases in Pennsylvania
Answer: C. cases that have been appealed
Explanation: I just did this question
Answer:
a
Explanation: I don't I just got It right I guess
Which of the following statements is true of the international business strategy of licensing?
It allows a firm to enter a foreign market with relatively little risk. The following statements are true of the international business strategy of licensing.
What is business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
An international business of licensing refers that the agreement. That has involved the two firms from different countries, The rights or resources are manufactured in foreign countries. The resources and rights may include patents.
Therefore, The statement is absolutely true. About The international business strategy of licensing.
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Umber Mattresses has had issues with inventory in the past. Missed shipping and unexpected price hikes have caused production issues that have impacted its bottom line. Its leadership team has asked the production manager to prepare a recommendation for fixing the inventory issue. Which of the following would be her best response?
A. prepare a materials requirement planning review
B. move to a flexible manufacturing system
C. install a computer-aided manufacturing system
D. enlist a small group of trusted suppliers
E. switch to a multiple supplier approach
Answer: E. switch to a multiple supplier approach
Explanation:
Since the company has had issues with inventory in the past, then the recommendation of the production manager should be that the company should switch to a multiple supplier approach.
By switching to multiple supplier, the company can compare prices and also have alternative suppliers to call in case there's a challenge with a particular supplier.
Maintenance Department: budgeted variable cost, $2 per case; and budgeted total fixed cost, $830,000. Paints Division: percentage of peak period capacity required; 30%; and actual cases, 20,000. Stains Division: percentage of peak period capacity required, 70%; and actual cases, 63,000. For performance evaluation purposes, the amount the Maintenance Department cost should be charged to the Paints Division at the end of the year is _
Answer: $289,000
Explanation:
For performance evaluation purposes, the amount of Maintenance Department cost that should be charged to the Paints Division at the end of the year will be calculated thus:
= (20000 × $2) + ($830,000 × 30%)
= $40,000 + ($830000 × 0.3)
= $40000 + $249,000
= $289,000
Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis.
December 31, 2020 December 31, 2019
Accounts receivable $550,200 $420,000
Inventory 855,600 620,000
Total assets 2,909,750 2,575,000
(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Increase or (Decrease)
December 31, 2020 December 31, 2019 Amount Percentage
Accounts receivable $550,200 $420,000 $ %
Inventory 855,600 620,000 $ %
Total assets 2,909,750 2,575,000 $ %
Answer:
1) Accounts receivable amount = $550,200 - $420,000
Accounts receivable amount = $130,200
% increase = $130,200/$420,000 * 100
% increase = 0.31 * 100
% increase = 31%
2. Inventory amount = $855,600 - $620,000
Inventory amount = $235,600
% increase = $235,600/$620,000 * 100
% increase = 0.38 * 100
% increase = 38%
3. Total asset amount = $2,909,750 - $2,575,000
Total asset amount = $334,750
% increase = $334,750/$2,575,000 * 100
% increase = 0.13 * 100
% increase = 13%
Assume that the reserve requirement is 10 percent. Also assume that banks do not hold excess reserves and there is no cash held by the public. The Federal Reserve decides that it wants to contract the money supply by $50 million using open-market operations.In order to accomplish its goal, the Fed needs to
Answer:
In order to accomplish its goal, the Fed needs to sell $5 million value of bonds.
Explanation:
First, we need to calculate the value of the bonds
Value of bond = Amount of Money supply x Reserve requirement rate
Where
Amount of Money supply = $50 million
Reserve requirement rate = 10%
Placing values in the formula
Value of bond = $50 million x 10%
Value of bond = $5 million
To increase the money supply the bonds are needed to be sold in the market.
Hence, In order to accomplish its goal, the Fed needs to $5 million value of bonds.
Which project management tool considers the longest time the completion of a sequence of activities might take?
To manage project activities, operations managers can calculate the ____ , which is a sequence of activities, the completion of which takes the longest time.
Which project management tool considers the longest time the completion of a sequence of activities might take?
To manage project activities, operations managers can calculate the ____ , which is a sequence of activities, the completion of which takes the longest time.
The project management tool that considers the longest time the completion of a sequence of activities might take is called the critical path. The critical path is a sequence of activities, the completion of which takes the longest time, and it determines the minimum amount of time required to complete a project. It is used to identify the most critical activities in a project and to ensure that they are completed on time in order to meet project deadlines. The critical path is determined by analyzing the dependencies between activities and the time required to complete each activity. By focusing on the critical path, project managers can ensure that the most important activities are prioritized and that the project stays on schedule.
How can the member countries of wto appreciate the fta
A person has the right to be secure in his or her person or property from unreasonable searches and seizures.
True Or False
Answer:
true
Explanation:
Answer:
TRUE
Explanation:
i got it right
what issues should be covered in the negotiations between your organization and the outsourcing organization. You can list the issue, and then follow up with a couple of sentences to explain. Some groups think of this as what goes into the contract, although there are issues to consider that might not be in the contract. Cultural differences between the two organizations would be an example of an issue that is important to consider, but may not be put in the contract.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The issues that should be covered in the negotiations between your organization and the outsourcing organization are the following.
As it is written in the question, the corporate culture of the outsourcing company is one of the issues to be discussed because it is important that the outsource company understand your values, mission, and mission, so the relationship could be professional and amicable.
Then, one important aspect of the negotiation must be the lines of communication to be "on the same page."
Another issue is the services to be provided, the price for each service and the way results are going to be measured.
As important as the previous issue, is the quality of the people who are going to be temñporarly hired, so there are no big differences between the quality of work from the employees of your company vs. the employees recommended and hired by the outsourcing company.
The level of expertise at suppliers is a major concern of your company. The outsourcing company has to show ways provable ways that guaranteed the expertise of suppliers.
One final important aspect is the solution of controversies in case there are problems between suppliers and your company, knowing that the outsourcing company is responsible for the hirings and contracts with the outsourced workers.
Metlock, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5100 pounds, although the standard quantity allowed for the output was 4900 pounds. Metlock, Inc.'s materials price variance is:_______
a. $980 U.
b. $1020 F.
c. $40 U.
d. $1020 U.
Answer:
d. $1,020 unfavorable
Explanation:
Given the above information, Metlock inc's material price variance is computed as;
Materials price variance = (Standard price - Actual price) × Actual quantity
Material price variance
Standard price = $2
Actual price = $2.2
Actual quantity = 5,100 pounds
Therefore,
Material price variance
= ($2 - $2.2) × 5,100
= -$0.2 × 5,100
= $1,020 unfavourable
the number of new businesses that opened has been the same or over the number that have closed. Talk about a couple of reasons you think people continue to start businesses even though the last few years have been difficult with the shut down, supply chain problems, and runaway inflation.
Answer:
Starting a business can be a challenging endeavor, especially in the face of economic difficulties such as those you mentioned. However, there are still many reasons why people might choose to start a business, even in difficult times.
One reason is that some people are driven by the desire to be their own boss and have control over their own destiny. They may feel that starting a business is the best way to achieve this independence.
Another reason is the potential for financial reward. While starting a business carries inherent risks, it can also be a way to achieve significant financial success. Many entrepreneurs are willing to take on these risks in the hopes of achieving a high return on their investment.
Additionally, some people may start a business as a way to pursue a passion or address a need in their community. They may believe that their product or service can make a positive difference in the world, and are willing to put in the hard work and dedication required to turn their idea into a reality.
Finally, it's worth noting that starting a business can also be a way for people to weather economic downturns. By creating their own source of income, entrepreneurs can potentially be more resilient in the face of economic challenges.
Explanation: