Answer:
D. best-case scenario.
Explanation:
This is true because, there are two scenarios involved in the production- Jimenas' company's production method and Spicy Sides company's method. She is trying to compare the two production methods and comes up with the best case scenario that leads to low cost of production.
In paragraph 1, using a scale of 1 to 10 (10 being the best), rate how proficient you feel with your technology skill right now. How do you envision developing your technology skill in your academic, professional, or home life?
In paragraph 2, list at least three goals you have to improve your technology skill throughout this course and beyond.
Answer with Explanation:
I give myself 5 marks for the techno-skills that I have right now because I am not much familiar with any accounting or ERP software and also that I don't have knowledge of complex functions of Microsoft Excel, Word, Outlook, Powerpoint, Project, etc. Though I have better knowledge related to how to operate mobile applications. My aim in near future is to learn Microsoft Excel and Word complex functions like vlookup, hlookup, Pivot tables and Macros within 3 months period. Furthermore, I would like to learn Quickbooks, SAAP and Oracle at weekends. This accounting software and ERP systems will help me get greater interview listings for jobs in the future. The demand for such software knowledge is continuously growing.
My future goals include:
1. Cloud technology Functioning: The demand in the market for cloud technology users so I am committed to access this skillset in the future for better job opportunities.
2. Learning Artificial Intelligence management and writing associated startup ideas: This will me develop creativity and critical thinking in every aspect of life which includes my academic, professional and home life. According to the World Economic Forum, Creativity and Critical thinkings are ranked among the first four skills that the top companies are looking for in the job market. Artificial Intelligence applications inclusion in business operations: develops a sense of Strong brand. I am getting after it in near future.
3. Studying some basic Coding: Learning basic coding includes having some knowledge of HTML and CSS coding for business website management. This is just like managing a social media account but it is more different. It helps us to generate better viewership, sales promotion and brand recognition.
Don't forget to rate the answer.
If a country's economic data show private savings (S) of $9 billion, government spending (G) of $7 billion, tax revenue (T) of $7 billion, and a trade surplus (X-M) of $3 billion, then what does private investment (I) equal?
Answer: $6 billion
Explanation:
Savings = Private Investment + Trade Surplus - (Tax revenue - Government spending)
Private Investment = Savings + (Tax revenue - Government spending) - Trade surplus
= 9 + ( 7 - 7 ) - 3
= $6 billion
An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy contract was for 2,266 devices and took 28 workers two weeks (40 hours per week) to complete. The army contract was for 5,510 devices that were produced by 29 workers in six weeks (40 hours per week).
A. Calculate the productivity for navy and army contracts in units produced per labor hour.
B. On which contract were the workers more productive?
1.Army contract.
2. Navy contract.
Answer:
(A) Navy contract= 1.0
Army contract= 0.8
(B) Navy contract
Explanation:
(A) The productivity for navy can be calculated as follows
= 28 × 2× 40
= 2240
Since the navy contract was for 2266 devices then productivity is
= 2266/2240
= 1.0 labor hour
The productivity for army can be calculated as follows
= 29×6×40
= 6960
Since the army contract was for 5510 devices then productivity is
= 5510/6960
= 0.8 labor hour
(B) The workers were more productive on the navy contract
Umatilla Bank and Trust is considering giving Pronghorn Corp a loan. Before doing so, it decides that further discussions with Pronghorn’s accountant may be desirable. One area of particular concern is the Inventory account, which has a year-end balance of $277,880. Discussions with the accountant reveal the following. 1. Pronghorn shipped goods costing $54,380 to Hemlock Company FOB shipping point on December 28. The goods are not expected to reach Hemlock until January 12. The goods were not included in the physical inventory because they were not in the warehouse. 2. The physical count of the inventory did not include goods costing $96,250 that were shipped to Pronghorn FOB destination on December 27 and were still in transit at year-end. 3. Pronghorn received goods costing $27,180 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The goods were not included in the physical count. 4. Pronghorn shipped goods costing $46,830 to Ehler of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Pronghorn physical inventory. 5. Pronghorn received goods costing $45,270 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $277,880.
Answer:
1. Pronghorn shipped goods costing $54,380 to Hemlock Company FOB shipping point on December 28. The goods are not expected to reach Hemlock until January 12. The goods were not included in the physical inventory because they were not in the warehouse.
These goods were correctly excluded from the inventory account because the purchase was FOB shipping point, which means that title passes to the buyer once the goods leave the sellers shipyard or warehouse.2. The physical count of the inventory did not include goods costing $96,250 that were shipped to Pronghorn FOB destination on December 27 and were still in transit at year-end.
These goods were correctly excluded from the inventory account because the purchase was FOB destination, which means that title passes to the buyer only after the goods are delivered.3. Pronghorn received goods costing $27,180 on January 2. The goods were shipped FOB shipping point on December 26 by Yanice Co. The goods were not included in the physical count.
They should have been included in the inventory account because the purchase was FOB shipping point, which means that title passes to the buyer once the goods leave the sellers shipyard or warehouse.4. Pronghorn shipped goods costing $46,830 to Ehler of Canada FOB destination on December 30. The goods were received in Canada on January 8. They were not included in Pronghorn physical inventory.
They should have been included in the inventory account because the sale was FOB destination which means that title passes to the buyer only after the goods are delivered.5. Pronghorn received goods costing $45,270 on January 2 that were shipped FOB destination on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $277,880.
These goods should have been excluded from the inventory account because the purchase was FOB destination, which means that title passes to the buyer only after the goods are delivered.The Office Interiors Company has developed a new, modern office chair. Initial sales forecasts are for 64 chairs per day. The assembly operations will run for two eight hour shifts. The process engineer and operations manager are working together to balance the line to make the new chair as efficiently as possible. The process engineer suggests using the longest operating time rule while the operations manager suggests using the most followers rule to design the line. If there is a tie, use the other rule to break the tie.
Required:
Based on the processing information, which approach do you recommend? Why?
Answer is given below
Explanation:
The long operating time rule should be preferred and in the case of a tie, most followers use the rule as a tie breaker. Since we have a time limit and need to set the number of chairs per day, the time required at the station is more than the number of followers, because the latter is not specified or only he can control. A total job of 50 chairs per day requires time.Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes):
Income Statement Balance Sheet
Sales $46,500 Assets $20,500 Debt $6,500
Costs 38,780 Equity 14,000
Net income $7,720 Total $20,500 Total $20,500
The company has predicted a sales increase of 14 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.
Required:
Prepare the pro-forma statements.
Question attached
Answer and Explanation:
Full answer and explanation attached
Determine the amount of net income (LO3-1) During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2021, you come across several items needing further consideration. Currently, net income is $88,000.
1. An insurance policy covering 12 months was purchased on October 1, 2021, for $16,800. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2021.
2. During 2021, the company received a $2,800 cash advance from a customer for services to be performed in 2022. The $2,800 was incorrectly credited to Service Revenue.
3. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $2,150 were on hand at December 31, 2021.
4. Trojan borrowed $58,000 from a local bank on September 1, 2021. Principal and interest at 12% will be paid on August 31, 2022. No accrual was made for interest in 2021.
Required:
Using the information in 1 through 4 above, determine the proper amount of net income as of December 31, 2021. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign.)
Net income (unadjusted)
1. Adjustment for insurance
2. Adjustment for deferred revenue
3. Adjustment for supplies
4. Adjustment for interest
Net income (adjusted)
Answer:
$81,410
Explanation:
Calculation to determine amount of net income as of December 31, 2021
Net income ( Unadjusted ) $88,000
1. Adjustment for insurance -$4,200
2. Adjustment for deferred Revenue -$2,800
3. Adjustment for supplies $2,150
4. Adjustment for interest -$1,740
Net Income ( Adjusted ) $81,410
1. Calculation for insurance amount to be debited as Expense .
October to December will give us 3 months
Hence,
Insurance Expense = $16,800 * 3 / 12 Insurance Expense= $ 4,200
Which means that insurance expense amount of $4,200 will be less from net income.
2. Since the advance amount that is recieved for the services which is about to be performed next year is unearned revenue which means that the amount of $2,800 which is cash advance will less from net income.
3. We are going to add supplies in hand to net income because it will increase the net income of the company .
4. Based on the information given Interest on loan from the month of September 1,2021 to the month of December 31, 2021 will give us 4 months which means that we are going to debit as expense and less it from the net income.
Accrued Interest = $58,000 * 4/12 * 9%
Accrued Interest = $1,740
Therefore the amount of net income as of December 31, 2021 is $81,410
Monty Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $2,500,000 on January 1, 2020. Monty expected to complete the building by December 31, 2020. Monty has the following debt obligations outstanding during the construction period.
Construction loan-12% interest, payable semi-annually,
issued December 31, 2019 $1,000,000
Short-term loan-10% interest, payable monthly, and
principal payable at maturity on May 30, 2021 700,000
Long-term loan-11% interest, payable on January 1 of
each year. Principal payable on January 1, 2024 500,000.
1. Assume that Monty completed the office and warehouse building on December 31, 2020, as planned at a total cost of $2,600,000, and the weighted-average amount of accumulated expenditures was $1,800,000. Compute the avoidable interest on this project.
2. Compute the depreciation expense for the year ended December 31, 2021. Monty elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $510,000.
Answer:
1. Assume that Monty completed the office and warehouse building on December 31, 2020, as planned at a total cost of $2,600,000, and the weighted-average amount of accumulated expenditures was $1,800,000. Compute the avoidable interest on this project.
we must determine the weighted average cost of non-specific debt:
$1,000,000 x 10% = $100,000
$700,000 x 11% = $77,000
total = $177,000 / $1,700,000 = 10.4118%
avoidable interest = ($1,000,000 x 12%) + ($800,000 x 10.4118%) = $203,294.40
2. Compute the depreciation expense for the year ended December 31, 2021. Monty elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $510,000.
depreciation expense = (total cost of the building - avoidable interest - salvage value) / useful life
depreciation expense = ($2,600,000 - $203,294 - $510,000) / 30 years = $62,890.20
Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities. Mortgages are the reverse of annuities, because you get a lump-sum amount as a loan in the beginning, and then you make monthly payments to the lender.
You’ve decided to buy a house that is valued at $1 million. You have $100,000 to use as a down payment on the house, and want to take out a mortgage for the remainder of the purchase price. Your bank has approved your $900,000 mortgage, and is offering a standard 30-year mortgage at a 12% fixed nominal interest rate (called the loan’s annual percentage rate or APR). Under this loan proposal, your mortgage payment will be_____________ per month.
Answer:
The mortgage payment will be "$9258".
Explanation:
The given values are:
Principal (P)
= 900000
Interest rate (i)
= [tex]\frac{0.12}{12}[/tex]
= [tex]0.01[/tex]
Total number of monthly payments (n)
= [tex]30\times 12[/tex]
= [tex]360[/tex]
The monthly payment `for the 30 years loan will be:
⇒ [tex]M= P\times \frac{( i\times ( 1 + i ) ^ n )}{( ( ( 1 + i ) ^ n ) - 1 )}[/tex]
On putting the values, we get
[tex]= 900000\times \frac{( 0.01\times ( 1 + 0.01 ) ^ {360} )}{( ( ( 1 + 0.01 ) ^ {360} ) - 1 )}[/tex]
[tex]=9257.51[/tex]
[tex]=9258[/tex]
Now,
The total amount paid will be:
[tex]= 9258\times 360[/tex]
[tex]=33,32,880[/tex] ($)
Theresa Nunn is planning a 30-day vacation on Pulau Penang, Malaysia, one year from now. The present charge for a luxury suite plus meals in Malaysian ringgit (RM) is RM1,045/day. The Malaysian ringgit presently trades at RM3.1350/$. She figures out the dollar cost today for a 30-day stay would be $10,000. The hotel informed her that any increase in its room charges will be limited to any increase in the Malaysian cost of living. Malaysian inflation is expected to be 2.75% per annum, while U.S. inflation is expected to be only 1.25%.a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation? Note: Remember, not for one day, but 30 days.b. By what percent will the dollar cost have gone up? Why?
Answer:
Kindly check explanation
Explanation:
Given the following :
Present charge = 1045 per day
Trade price of RM = $3.1350/$
Malaysian inflation rate(mr) = 2.75% = 0.0275 per annum
US inflation rate (ur) = 1.25% = 0.0125 per annum
a. How many dollars might Theresa expect to need one year hence to pay for her 30-day vacation?
Trade price * (1 + mr) / (1 + ur)
Cost for 30 days considering inflation :
Present charge * (1 + mr) * 30
= $1045 * 1.0275 * 30
= $32212.125
Cost for 30 days considering inflation / [Trade price * (1 + mr) / (1 + ur)]
$32212.125 / 3.1350 * (1.0275) / (1.0125)
$32212.125 / 3.1814444
= $10125.000
b.) By what percent will the dollar cost have gone up? Why?
Dollar cost would have gone up by 1.25%, this is inferred from the inflation rate of the United States currency, which is the rate which will affe the cost of dollar.
Janice Carrillo, a Gainesville, Florida, real estate developer, has devised a regression model to help determine residential housing prices in northeastern Florida. The model was developed using recent sales in a particular neighborhood. The price (Y) of the house is based on the size (square footage = X) of the house. The model is:
Y = 13.473 + 37.65X
The coefficient of correlation for the model is 0.63
a. Use the model to predict the selling price of a house that is 1,860 square feet
b. An 1,860-square-foot house recently sold for $95,000. Explain why this is not what the model predicted
c. If you were going to use multiple regression to develop such a model, what other quantitative variables you might include?
d. What is the value of the coefficient of determination in this problem?
Answer:
i just need points
Explanation:
What is the different between simple interest and compund interest?
Answer:
Simple interest is calculated on the original amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods.
Good luck! Hope this helped! :)
Suppose you are going to purchase a house. You negotiate a great deal and your bank agrees to lend you money for 30 years at 4% APR (annual percentage rate). The house costs $300,000 and you pay 20% down and finance the rest. Compute (round it to 2 numbers after the decimal point) - do not include $ sign.
(1) Monthly payment: no commas -__________ 2 decimala places.
(2) The interest payment portion of 1st Monthly payment:______ 2 decimal places. 1
(3) The principal payment portion of the 1st Monthly payment:_______ 2 decimal places
(4) Balance after the 1st payment: -no commas and ___________2 decimal places.
Answer:
1. The amount of the house that was financed is;
= 300,000 * ( 1 - 20%)
= $240,000
The amount that will be paid per month is an annuity with the present value being $240,000.
Period = 30 years * 12 months = 360 months
Interest = 4%/12
240,000 = Annuity * (1 - ( 1 + r) ^-n)/r
240,000 = Annuity * ( 1 - ( 1 + 4%/12) ^-n) / r
Annuity = 240,000/209.46
Annuity = $1,145.80
2. Interest Portion;
= Amount Owed * Interest rate
= 240,000 * 4%/12
= $800
3. Principal portion = Monthly payment - Interest
= 1,145.80 - 800
= $345.80
4. Balance after first payment
= Principal - Principal repayment
= 240,000 - 345.80
= $239,654.20
In the following independent case, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deductible neither for nor from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.)
Required:
Fran spent $114 for uniforms for use on her job. Her employer reimbursed her for $58 of this amount under an accountable plan (and did not report the reimbursement as wages).
Answer:
Fran can deduct $114 - $58 = $56 from her AGI (2).
Explanation:
Deductions from AGI are deductions that must be itemized (below the line), while deductions for AGI reduce your taxable income (above the line).
Fran can deduct her net uniform expenses since she is required by her employer to use the uniform and it is not a normal outfit that she could use everyday.
The powers of Congress in relation to the money supply
The Jamesway Corporation had the following situations on December 2021. On December 10, 2021, Jamesway received a $4,800 payment from a customer for services begun on that date and which were completed by December 31, 2021. Deferred service revenue was credited. On December 1, 2021, the company paid a local radio station $3,600 for 40 radio ads that were to be aired, 20 per month, throughout December and January. Prepaid advertising was debited. Employee salaries for the month of December totaling $24,000 will be paid on January 7, 2022. On August 31, 2021, Jamesway borrowed $50,000 from a local bank. A note was signed with principal and 9% interest to be paid on August 31, 2022.
Prepare the necessary adjusting entries at its year-end of December 31, 2021. No adjusting entries were recorded during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer and Explanation:
The Journal entries are shown below:-
1. Deferred Service Revenue A/c Dr, $4,800
To Revenue A/c $4,800
(Being Revenue recognized is recorded)
2. Advertisement Expense A/c Dr, $1,800 ($3,600 ÷ 40 × 20)
To Prepaid Advertisement A/c $1,800
(Being expense recognized is recorded)
3. Employees Salaries A/c Dr, $24,000
To Outstanding Employees Salaries A/c $24,000
(Being expense & liability is recorded)
4. Interest expense A/c Dr, $1,500 (($50,000 × 9%) ÷ 12 × 4
To Interest Liability A/c $1,500
(Being Interest expense and Liability is recorded)
The City of Troy collects its annual property taxes late in its fiscal year. Consequently, each year it must finance part of its operating budget using tax anticipation notes. The notes are repaid upon collection of property taxes. On April 1, the city estimated that it will require $2,500,000 to finance governmental activities for the remainder of the fiscal year. On that date, it had $770,000 of cash on hand and $830,000 of current liabilities. Collections for the remainder of the year from revenues other than current property taxes and from delinquent property taxes, including interest and penalties, were estimated at $1,100,000.
Required:
a. Calculate the estimated amount of tax anticipation financing that will be required for the remainder of the current fiscal year.
b. Assume that on April 2, the City of Troy borrowed the amount calculated in part a by signing tax anticipation notes bearing 6 percent per annum to a local bank. Record the issuance of the tax anticipation notes in the general journals of the General Fund and governmental activities at the government-wide level.
c. By October 1, the city had collected a sufficient amount of current property taxes to repay the tax anticipation notes with interest. Prepare the general journals of the General Fund and governmental activities at the government-wide level.
Answer:
a. Estimated required Tax Anticipation financing
= Estimated expenditure requirement - Estimated resources available.
Estimated expenditure requirement = Budgeted expenditure + Current liabilities payable
= 2,500,000 + 830,000
= $3,330,000
Estimated resources available
= Cash on hand + Collections from revenues other than current property taxes and from delinquent property taxes, including interest and penalties
= 770,000 + 1,100,000
= $1,870,000
Estimated required Tax Anticipation financing = 3,330,000 - 1,870,00
= $1,460,000.
b.
General Fund and Governmental activities
DR Cash $1,460,000
CR Tax Anticipation Notes payable $1,460,000
c. April to October - 6 months
Interest to be paid = 1,460,000 * 6% * 6/12 months
= $43,800
General Fund and Governmental activities
DR Tax Anticipation Notes payable $1,460,000
Interest Expense $43,800
CR Cash $1,503,800
Rose dies with passive activity property having an adjusted basis of $86,000, suspended losses of $27,520, and a fair market value at the date of her death of $120,400. Of the $27,520 suspended loss existing at the time of Rose's death, how much is deductible on her final return or by the beneficiary
Answer:
$27,520
Explanation:
Based on the information given about Rose we were told that she had suspended losses of the amount of$27,520 in which the suspended losses of the amount of $27,520 was still existing at the time of her death , which Simply means that amount that will be deductible on her final return will be the suspended loss amount of $27,520.
In the website “Conflict Management Skills” that you explored, all of the following are “enemies” we have to conquer in order to be constructive conflict managers except:
a.
fear
b.
desire to win
c.
desire to explain our side first
d.
desire to listen to the other person
Answer:
The answer is D. Desire to listen to the other person
Explanation:
Answer:
D. desire to listen to the other person
Explanation:
Just did the quiz.
Which of the following is a disadvantage of franchising? a. It requires the franchisees to create a new business model and plan strategies. b. It results in the franchisor taking all the financial burden of the franchisees. c. It does not provide sufficient incentive to the franchisees to run operations effectively because franchisees are not entrepreneurs. d. It restricts the franchisor from expanding. e. It results in the delegation of authority to franchisees, and the franchisor may not enjoy complete control.
Answer:
e. It results in the delegation of authority to franchisees, and the franchisor may not enjoy complete control.
Explanation:
Indeed, by selling or granting (licensing) the right to use the company's name/brand, or employing the same method of operations to another enterprise (called the franchisee), a franchisor may face disadvantages resulting in loss of complete control.
In other words, the franchisee may begin to feel they could be and should be able to decide how to carry out their operations without help from the franchisor.
Which of the following are true?
A. The data in D3 is skewed right.
B. Three quarters of the data values for D2 are greater than the median value for D1 .
C. At least three quarters of the data values in D1 are less than all of the data values in D2 .
D. At least a quarter of the data values in D2 are less than all of the data values in D3 .
E. At least a quarter of the data values for D3 are less than the median value for D2 .
F. The median value for D1 is less than the median value for D3
Answer:
A. The data in D3 is skewed right.B. Three quarters of the data values for D2 are greater than the median value for D1 .E. At least a quarter of the data values for D3 are less than the median value for D2 .Explanation:
A Box Plot can be interpreted as follows;
The first point on the line is the minimum value.
The first end of the box is the First Quartile of the data range.
The next line is the Median.
The last end of the box is the Third Quartile.
The last point on the line is the maximum value.
Most of D3 lies on the right side of Median so it is skewed right.
The First Quartile of D2 is more than the Median of D1 which means that 3 quarters of D2 (first quartile to the maximum value) are greater than the median of D1.
D2's Median value is greater than the Third Quartile of D3 which means that more than just a quarter of D3 falls below D2's Median so option E is correct.
The true statements are
A. The data in D3 is skewed right.
B. Three quarters of the data values for D2 are greater than the median value for D1 .
E. At least a quarter of the data values for D3 are less than the median value for D2 .
The following information should be considered:
A Box Plot can be interpreted as follows;
The first point on the line is the minimum value.The first end of the box is the First Quartile of the data range.The next line is the Median.The last end of the box is the Third Quartile.The last point on the line is the maximum value.Most of D3 lies on the right side of Median so it is skewed right.The First Quartile of D2 is more than the Median of D1 that represent 3 quarters of D2 are greater than the median of D1.D2's Median value more than the Third Quartile of D3 which means that more than just a quarter of D3 falls below D2's Median.Learn more: https://brainly.com/question/5763151?referrer=searchResults
Below are transactions for a company during Year 1. On December 1, Year 1, the company receives $3,400 cash from the company that is renting office space from the company. The payment, representing rent for December and January, is credited to Deferred Revenue. The company purchases a one-year property insurance policy on July 1, Year 1, for $12,480. The payment is debited to Prepaid Insurance for the entire amount. Employee salaries of $2,400 for the month of December will be paid in early January Year 2. On November 1, Year 1, the company borrows $12,000 from a bank. The loan requires principal and interest at 10% to be paid on October 30, Year 2. Office supplies at the beginning of Year 1 total $940. On August 15, the company purchases an additional $2,800 of office supplies, debiting the Supplies account. By the end of the year, $440 of office supplies remains. Record the necessary adjusting entries at December 31, 2018, for Wolverine Company. You do not need to record transactions made during the year. Assume that no financial statements were prepared during the year and no adjusting entries were recorded.
Answer:
December 31
Dr Deferred revenue 1,700
Cr Rent revenue 1,700
December 31
Dr Insurance Expense 6,240
Cr Prepaid insurance 6,240
December 31
Dr Salaries Expense 2,400
Cr Salaries payable 2,400
December 31
Dr Interest Expense 200
Cr Interest payable 200
December 31
Dr Salaries Expense 3,300
Cr Supplies 3,300
Explanation:
Preparation of Journal entries
December 31
Dr Deferred revenue 1,700
(3,400/2)
Cr Rent revenue 1,700
(To record rent revenue)
December 31
Dr Insurance Expense 6,240
($12,480*6/12)
Cr Prepaid insurance 6,240
(To Record insurance expense)
December 31
Dr Salaries Expense 2,400
Cr Salaries payable 2,400
(To record Salaries Expense)
December 31
Dr Interest Expense 200
(12,000*10%*2/12)
Cr Interest payable 200
(To record interest Expense)
December 31
Dr Salaries Expense 3,300
($940+$2,800-$440)
Cr Supplies 3,300
(To record supplies Expense)
The restriction x11,x12, x21, x22 ≥ 0 in the model means:
a. Each decision variable must be positive in the optimal solution.
b. Each decision variable must be nonnegative in the optimal solution.
c. x11+ x12 + x21 + x22 ≥ 0
d. All of the above
e. None of the above
Answer:
b. Each decision variable must be non-negative in the optimal solution.
Explanation:
This constraint or restriction states that x11, x12, x21, and x22 all must be at least 0 or greater. in other words, they cannot be negative numbers. If the restriction had been > (greater than), then it would mean that all the variables must be positive numbers. But since it is ≥ (greater than or equal to), 0 is a valid option.
A company had total revenues of $500 million, operating margin of 40%, and depreciation and amortization expense of $80 million over the trailing twelve months. The company currently has $600 million in total debt and $100 million in cash and cash equivalents. If the company's market capitalization (total value of its equity) is $2 billion, what is its EV/EBITDA multiple
Answer:
8.92857
Explanation:
Market capitalization = $2,000 million
Total debt = $600 million
Cash and Cash equivalents = $100 million
Enterprise value = $2,000 million + $600 million - $100 million = $2,500 million
EBIT = Total revenue * Operating profit margin
EBIT = $500 million * 40%
EBIT = $200 million
EBITDA = EBIT + Depreciation and Amortization expense
EBITDA = $200 million + $80 million
EBITDA = $280 million
EV/EBITDA = $2,500 million / $280 million
EV/EBITDA = 8.92857
Hence, its EV/EBITDA multiple is 8.92857.
You decide that you're going to send Carolyn an email to reinforce what you are expecting her to do with respect to the missing package.
Answer:
what's the question to this sentence
Give two examples of complements in economics
Answer:
examples of complement in economics
it's a good
JDW Corporation reported the following for 20X1: net sales $2,929,500; cost of goods sold $1786,995; selling and administrative expenses $585.900; unrealized holding loss on available for sale securities (considered other comprehensive income) $22,000; a positive foreign currency translation adjustment $26,250 (considered other comprehensive income), and an unrealized loss from pension adjustment considered other comprehensive income) $7.000. JDW's tax rate was 21%. Ignore income taxes related to amounts in other comprehensive income. Required: Prepare a multiple-step income statement and a statement of comprehensive income using the two-statement format. Ignore earnings per share.
Answer:
JDW Corporation
Income statement
For the year ended December 31, 20x1
Sales $2,929,500
Cost of good sold $1,786,995
Gross Profit $1,142,505
Selling and Administration expenses $585,900
Income from Operations before tax $446,605
Income Tax $116,887
Net Income $439,718
JDW Corporation
Statement of comprehensive income
For the year ended December 31, 20x1
Net Income $439,718
Unrealized holding loss net of tax -$22,000
Foreign currency transaction adjustment $26,250
Unrealized loss from pension adjustment net of tax -$7,000
Comprehensive Income $436,968
The next dividend payment by Hillside Markets will be $2.6 per share. The dividends are anticipated to maintain a 10 percent growth rate forever. The stock currently sells for $65 per share. What is the dividend yield?
Answer:
4.00%
Explanation:
The computation of the dividend yield is shown below:
Dividend Yield = Most recent dividend ÷Current Share Price
= $2.6 per share ÷ $65 per share
= 4.00%
We simply divided the most current dividend by the current share price so that the dividend yield could be calculated and the same is to be considered
hence, the dividend yield is 4%
The outstanding capital stock of Edna Millay Corporation consists of 2,000 shares of $100 par value, 8% preferred, and 5,000 shares of $50 par value common.
Required:
Assuming that the company has retained earnings of $90,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions.
a. The preferred stock is noncumulative and nonparticipating.
b. The preferred stock is cumulative and nonparticipating.
c. The preferred stock is cumulative and participating.
Answer:
A. The preferred stock is noncumulative and nonparticipating
preferred dividends = $100 x 2,000 x 8% = $16,000
common stocks = $90,000 - $16,000 = $74,000
Preferred dividends not paid to noncumulative preferred stocks are "lost" and will not be paid in the future.
B. The preferred stock is cumulative and nonparticipating.
preferred dividends = ($100 x 2,000 x 8%) x 3 years = $48,000
common stocks = $90,000 - $48,000 = $42,000
C. The preferred stock is cumulative and participating.
preferred dividends = [($100 x 2,000 x 8%) x 2 years] + $25,777.60 = $57,777.60
common stocks = $90,000 - $57,777.60 = $32,222.40
When preferred stocks participate in the company's earnings, they receive an additional revenue proportional to the dividends received by common stockholders.
$32,222.40 / $250,000 (common stocks) = 12.8888%
$200,000 x 12.8888% = $25,777.60
The amount when the preferred stock is noncumulative and nonparticipating will be $16000 and $74000.
When the preferred stock is noncumulative and nonparticipating, the preferred dividends will be:
= $100 x 2,000 x 8%
= $16,000
The value of the common stocks will be:
= $90,000 - $16,000
= $74,000
The preferred stock is cumulative and nonparticipating will be calculated thus:
Preferred dividends will be:
= ($100 x 2,000 x 8%) x 3
= $48,000
The common stocks will be:
= $90,000 - $48,000
= $42,000
When the preferred stock is cumulative and participating, the preferred dividends will be:
= [($100 x 2,000 x 8%) x 2] + $25,777.60
= $57,777.60
The common stocks will be:
= $90,000 - $57,777.60
= $32,222.40
Based on the information given, the additional revenue will be:
= $200,000 x ($32,222.40 / $250,000)
= $200000 × 12.8888%
= $25,777.60
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Which of the following is an internal factor?
O A. Interest rates
B. Economic recession
O C. Employee turnover
O D. Employment laws
Employee turnover is an internal factor to the company
What is the difference between internal and external business factors?
The internal factors are solely caused by forces within the company such as employee turnover whereas the external factors are macroeconomic factors which are outside of the company's control.
In this case, interest rates, economic recession and employment laws are external factors to the company because the company cannot influence them, but employee turnover, the rate at which employees leave the company can be attributable to the company, especially employee's welfare is neglected.
Find out more about employee turnover on:https://brainly.com/question/14758806
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