SNC has its own, modest internet-based business. However, the company has been approached by Golden Years Nutraceuticals, a much larger online distributor of third-party brands with connections to a national healthcare website endorsed by a leading senior advocacy association. Therefore, Golden Years reaches a large-and increasing-consumer base of older Americans. This opportunity would generate an additional 10% increase in sales in 2016, followed by increases of 5% in 2017 and 3% in 2018. Increasing the percentage of SNC's business that is conducted online would decrease DSO, because internet sales are collected very quickly. Accounts receivable would decrease by 7 days in the first year and by an additional 3 days in 2017, for a total improvement of 10 days. In 2018, the DSO would decline by another 2 days-in effect, 12 days lower than at the start of 2016. Going forward, the DSO would stay at this lower level and SNC's profit margin would remain unchanged. What would you like to do about this opportunity?
Accept or Decline
2016 2017 2018 Post 2018
Incremental Summary Income Statement ($ in thousands)
Change in Sales $1,600 $2,480 $3,034 $3,034
Change in Cost of Sales $1,492 $2,313 $2,830 $2,830
Change in EBIT $108 $167 $204 $204
Incremental Balance Sheet ($ in thousands)
Change in Accounts Receivable $145 $241 $289 $289
Change in Inventories $368 $570 $698 $698
Change in Accounts Payable $162 $251 $307 $307

Please find question attached

Answer and Explanation:

Find full answer and explanation attached

Consider the following income statement for the Heir Jordan Corporation:_____.
HEIR JORDAN CORPORATION
Income Statement
Sales $ 48,200
Costs 34,000
Taxable income $ 14,200
Taxes (23%) 3,266
Net income $ 10,934
Dividends $ 3,600
Addition to retained earnings 7,334
The balance sheet for the Heir Jordan Corporation follows. Based on this information and the income statement, supply the missing information using the percentage of sales approach. Assume that accounts payable vary with sales, whereas notes payable do not. (Leave no cells blank - be certain to enter "0" whenever the item is not a constant percentage of sales. Enter each answer as a percent rounded 2 decimal places, e.g., 32.16.)

Drag the tiles to the correct boxes to complete the pairs. Match the transactions to their relevant posting in the ledger.

Suppose a union successfully negotiates an increase in the wages of workers producing computer chips. This would lead to (a decrease, an increase) in the supply of computers, causing the price of computers to (rise, fall) . Because computers and computer software are (substitutes, complements) , this change in price would cause the demand for computer software to (increase, decrease) . However, computers and typewriters are (substitutes, complements) , so the change in the price of computers would (decrease, increase) the demand for typewriters.

Universal Mines Inc. operates three mines in West Virginia. The ore from each mine is separated into two grades before it is shipped. The daily production capacities of the three mines, as well as their daily operating costs, are as follows: c/day Mine High-grade Ore, Low-grade Ore, Operating Cost Tons/day Tons/day in $/day 20,000 22,000 18,000 Mine 11 Mine III Universal has committed itself to deliver 54 tons of high-grade order and 65 tons of low-grade ore by the end of the week. Universal can run its mines seven days a week if required. Determine the number of days each mine should be operated during the upcoming week if Universal Mines is to fulfill its commitment at the minimum total cost. Round the answers to two decimal places.
a. The number of days Mine I should operate = _________days
b. The number of days Mine Il should operate = _________days
c. The number of days Mine III should operate = _________days
d. The total cost of the operation for next week = $ ________

Cost of Normal Spoilage
Frieling Company installs granite countertops in customers' homes. First, the customer chooses the particular granite slab, and then Frieling measures the countertop area at the customer's home, cuts the granite to that shape, and installs it. The Tramel job calls for direct materials of $2,300 and direct labor of $500. Overhead is applied at the rate of 130 percent of direct labor cost. Unfortunately, one small countertop breaks during installation and Frieling must cut another piece and install it to properly complete the job. The additional rework required direct materials costing $800 and direct labor costing $500. Assume that the spoilage was due to carelessness by a Frieling worker and it is considered to be normal spoilage.
Required:1. Calculate the cost of the Tramel job.2. Make any needed journal entry to the overhead control account.
3. What if the additional rework required $200 of direct labor? What would be the effect on the cost of the Tramel job?

7 reasons why marketing must be studied.

On November 1, 2021, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2022. On December 31, 2021, the company's year-end, the following information relative to the discontinued division was accumulated:

Operating loss Jan. 1–Dec. 31, 2021 $67 million
Estimated operating losses, Jan. 1 to April 30, 2022 99 million
Excess of fair value, less costs to sell, over book value at Dec. 31, 2021 16 million

In its income statement for the year ended December 31, 2021, Jamison would report a before-tax loss on discontinued operations of:

a. $150 million.
b. $166 million.
c. $51 million.
d. $67 million.

The following trial balance of Sheffield Co. does not balance.

SHEFFIELD CO. TRIAL BALANCE JUNE 30, 2020

Debit Credit
Cash $3,227
Accounts Receivable $2,874
Supplies 1,157
Equipment 4,157
Accounts Payable 3,023
Unearned Service Revenue 1,557
Common Stock 6,357
Retained Earnings 3,357
Service Revenue 2,737
Salaries and Wages Expense 3,757
Office Expense 1,297
Totals $14,799 $18,701

Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors.

1. Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750.
2. The purchase of a computer printer on account for $857 was recorded as a debit to Supplies for $857 and a credit to Accounts Payable for $857.
3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89.
4. A payment of $422 for telephone charges was recorded as a debit to Office Expense for $422 and a debit to Cash for $422
5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $682 was performed prior to June 30 (related to Unearned Service Revenue)
6. A debit posting to Salaries and Wages Expense of $1,027 was omitted.
7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260
8. A dividend of $932 was debited to Salaries and Wages Expense for $932 and credited to Cash for $932.

Required:
Prepare a correct trial balance.

1. To gain profit and earn a living.​

What taxes in a paycheck will be exempted for a minor?

Sandals Company is preparing the annual financial statements dated December 31. Ending inventory information about the four major items stocked for regular sale follows:Product Line Quantity on Hand Unit Cost When Acquire(FIFO) Market Value at Year-EndAir Flow 35 $ 15 $ 17 Blister Buster 75 38 36 Coolonite 34 65 60 Dudesly 35 30 35 Required:1. Compute the amount that should be reported for the ending inventory using the LCM rule applied to each item.Ending Inventory 2. How will the write-down of inventory to lower of cost or market affect the company’s expenses reported for the year ended December 31?Cost of goods sold will be by

Halliburton and Schlumberger compete in the oil field services sector. Refer to the following 2018 financial data for the two companies to answer the requirements.
$ millions HAL SLB
Total revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $23,995 $32,815
Cost of sales and services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,009 28,478
Average accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,135 7,983
Average inventory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,712 4,028
Average accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,786 10,130
Marginal tax rate 22% 19%
Return on equity 18.56% 5.86%
a. Compute return on net operating assets (RNOA) for each company.
b. Disaggregate RNOA into net operating profit margin (NOPM) and net operating asset turnover (NOAT) for each company.
Do not round until your final answer. Round answers to two decimal places (percentage example: 0.12345 = 12.35%).
HAL SLB
RNOA
NOPM
NOAT

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of $10 par common stock. At no time has Newton issued any potentially dilutive securities. Listed below is a summary of Newton's common stock activities. 1. 1Number of common shares issued and outstanding at December 31, 2018 2,000,000 2. 1Shares issued as a result of a 10% stock dividend on September 30, 2019 200,000 3. 1Shares issued for cash on March 31, 2020 2,000,000 1Number of common shares issued and outstanding at December 31, 2020 4,200,000 4. 1A 2-for-1 stock split of Newton's common stock took place on March 31, 2021 Instructions a. Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. b. Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. c. Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement. d. Compute the weighted-average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement.

During November, the following summary transactions were completed. Journalize the November Transactions.
Nov. 8 Paid $4,189 for salaries due employees, of which $2,183 is for November and $2,006 is for October.
10 Received $2,242 cash from customers in payment of account.
11 Purchased merchandise on account from Dimas Discount Supply for $9,440, terms 2/10, n/30.
12 Sold merchandise on account for $6,490, terms 2/10, n/30. The cost of the merchandise sold was $4,720.
15 Received credit from Dimas Discount Supply for merchandise returned $354.
19 Received collections in full, less discounts, from customers billed on sales of $6,490 on November 12.
20 Paid Dimas Discount Supply in full, less discount.
22 Received $2,714 cash for services performed in November.
25 Purchased equipment on account $5,900.
27 Purchased supplies on account $2,006.
28 Paid creditors $3,540 of accounts payable due.
29 Paid November rent $443.
29 Paid salaries $1,534.
29 Performed services on account and billed customers $826 for those services.
29 Received $797 from customers for services to be performed in the future.

ABC systems:_____.
a. highlight the different levels of activities.
b. will limit cost drivers to units of output.
c. will allocate costs based on the overall level of activity.
d. generally will undercost complicated or complex products.

a.A check for $100 was returned as NSF by the bank. The bank charged a returned check $25 processing fee. b.The March 31st cash receipts of $3,428 were placed in the night drop box after the bank closed. c.A $15 debit memo for checks printed by the bank was included with the canceled checks. d.Outstanding checks amounted to $2,565. e.A customer's note for $1,500 was collected by the bank and a collection fee of $25 was deducted. f.A check for $325 which was drawn on another company was included with the canceled checks.

Bryant leased equipment that had a retail cash selling price of $690,000 and a useful life of six years with no residual value. The lessor spent $575,000 to manufacture the equipment and used an implicit rate of 8% when calculating annual lease payments of $138,201 beginning January 1, the beginning of the lease. Lease payments will be made January 1 each year of the lease. Incremental costs of consummating the lease transaction incurred by the lessor were $19,500.

Required:
What is the effect of the lease on the lessor's earnings during the first year (ignore taxes)?

Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.)
Income Statement 2020
Sales $ 5,760,000
Cost of goods sold 3,045,000
Depreciation 302,500
Selling and administrative expenses 1,620,000
EBIT $ 792,500
Interest expense 174,000
Taxable income $ 618,500
Taxes 281,300
Net income $ 337,200
Balance Sheet, Year-End 2020 2019
Assets
Cash $ 41,100 $ 95,000
Accounts receivable 590,000 1,648,200
Inventory 438,100 1,146,500
Total current assets $ 1,069,200 $ 2,889,700
Fixed assets 2,821,000 6,771,000
Total assets $ 3,890,200 $ 9,660,700
Liabilities and Stockholders' Equity Accounts payable $ 312,400 $ 1,176,000
Short-term debt 505,000 1,445,500
Total current liabilities $ 817,400 $ 2,621,500
Long-term bonds 1,733,800 5,777,400
Total liabilities $ 2,551,200 $ 8,398,900
Common stock $ 313,900 $ 313,900
Retained earnings 1,025,100 947,900
Total stockholders' equity $ 1,339,000 $ 1,261,800
Total liabilities and stockholders' equity $ 3,890,200 $ 9,660,700
a. Inventory turnover ratio
b. Debt/equity ratio in 2020
c. Cash flow from operating activities in 2020
d. Average collection period
e. Asset turnover ratio
f. Interest coverage ratio
g. Operating profit margin
h. Retun on equity
J. Compound leverage ratio
k. Net cash provided by operating activities

Southwest Milling Co. purchased a front-end loader to move stacks of lumber. The loader had a list price of $118,660. The seller agreed to allow a 4.25 percent discount because Southwest Milling paid cash. Delivery terms were FOB shipping point. Freight cost amounted to $2,640. Southwest Milling had to hire a specialist to calibrate the loader. The specialists fee was $1,160. The loader operator is paid an annual salary of $18,160. The cost of the companys theft insurance policy increased by $2,040 per year as a result of acquiring the loader. The loader had a four-year useful life and an expected salvage value of $14,000.RequiredDetermine the amount to be capitalized in the asset account for the purchase of the front-end loader. Round your answers to the nearest whole dollar. Amounts to be deducted should be indicated with minus sign.Cost that are to be capitilized AnswerList Price _______Either ADD or Less: Discount _______Either ADD or Less: Discount _______Either ADD or Less: Discount _______Total Costs $0

Your boss suggests that a​ Cobb-Douglas production function could be a good representation of that​ country's income. Is your boss​ right?

a. ​Yes, you can tell by the way the income shares for each factor move in opposite directions over time.
b. ​No, if it were a​ Cobb-Douglas production​ function, the income shares would be constant over time.
c. The production function cannot be determined without knowing how real GDP changed over time.
d. ​No, if it were a​ Cobb-Douglas production​ function, the income shares would change in the same direction over time.

explain PPP in 300 words ​

Record the journal entry for each transaction below. Reference each transaction by date:

a. On September 1, Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of cloud computing services.
b. Pat contributed $15,000 for 1,500 shares of OCC.
c. On September 8, OCC borrowed $23,000 from a bank, promising to repay the bank in two years.
d. On September 10, OCC wrote a check for $20,500 to acquire computer equipment.
e. On September 15, OCC received $1,650 of supplies purchased on account and, on September 16, paid $2,250 for September rent. Through September 22, OCC provided its customers $10,250 of services, of which OCC collected $7,500 in cash.
f. On September 28, OCC paid $325 for Internet and phone service this month.
g. On September 29, OCC paid wages of $5,650 for the month.

Finally, on September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $730. This amount will be paid on October 14 through a preauthorized online payment.

Michael’s Bookshelf specializes in used, rare, and out-of-print books. The store has a large base of repeat customers who purchase books on 30-day accounts. At 15 days overdue, each customer gets a phone call from Michael requesting payment. Michael has experienced a high success rate with this collection effort. Michael’s CPA is preparing year-end financial statements and has asked him for his estimate of uncollectible accounts. Michael has a balance of $65,000 in the Accounts Receivable account at the end of the year. He has analyzed his uncollectible accounts using an aging of the accounts receivable. He estimates that only 2.5 percent of his accounts receivable balance will not be collected. The Allowance for Doubtful Accounts has a credit balance of $210 in the trial balance.

Required:
a. Prepare the journal entry to record the bad debt expense at year end.
b. Show the balance sheet presentation of the receivable account.
c. What is the amount of bad debt expense that appears on the income statement? How is this amount classified?
d. What would be the justification, if any, for Michael to use the direct write-off method for accounting for uncollectible accounts?

It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other products. Many consumers view these products as perfect substitutes, meaning that consumers are always willing to substitute a constant proportion of the store brand for the producer brand. Consider a consumer who is always willing to substitute four pounds of a generic store-brand sugar for two pounds of a brand-name sugar. Do these preferences exhibit a diminishing marginal rate of substitution between store-brand and producer-brand sugar.

Required:
a. Do these preferences exhibit a diminishing marginal rate of substitution? Assume that this consumer has $24 of income to spend on sugar, and the price of store-brand sugar is $1 per pound and the price of producer-brand sugar is $3 per pound.
b. How much of each type of sugar will be purchased?
c. How would your answer change if the price of store-brand sugar was $2 per pound and the price of producer-brand sugar was $3 per pound?

The following information was drawn from the accounting records of Wyckoff Company as of December 31, Year 2, before the temporary accounts had been closed. The Cash balance was $3,600, and Notes Payable amounted to $4,000. The company had revenues of $7,500 and expenses of $3,400. The company’s Land account had a $8,000 balance. Dividends amounted to $1,000. The balance of the Common Stock account was $2,000.
Required:
A. Identify which accounts would be classified as permanent and which accounts would be classified as temporary.
B. Assuming that Wyckoff's beginning balance (as of January 1, Year 2) in the Retained Earnings account was $2,500, determine its balance after the temporary accounts were closed at the end of Year 2.
C. What amount of net income would Wyckoff Company report on its Year 2 income statement?
D. Explain why the amount of net income differs from the amount of the ending Retained Earmings balance.
E. What are the balances in the revenue, expense, and dividend accounts on January 1, Year 3?

The following transactions occurred during the month of August 2019 for the Washington Apple Company:
1 Issued 10,000 shares of stock in exchange for $100,000 in cash.
2 Purchased equipment at a cost of $70,000 and paid cash.
3 Purchased supplies on account for $5000.
4 Made cash sales of $45,000 in the month of August.
5 Paid rent on a warehouse in amount of $7000 for August.
Required: Analyze each transaction and show the effect of each using for increases and for decreases:

______has an absolute advantage in the production of alfalfa, and_______ has an absolute advantage in the production of barley. Charles's opportunity cost of producing 1 bushel of barley is ________bushels of alfalfa, whereas Dina's opportunity cost of producing 1 bushel of barley is bushels of alfalfa. Because Charles has a opportunity cost of producing barley than Dina, ________has a comparative advantage in the production of barley, and has a comparative advantage in the production of alfalfa

The accounts in the ledger of Ivanhoe Delivery Service contain the following balances on July 31, 2022.
Accounts Receivable $15,000
Prepaid Insurance $ 3,400
Accounts Payable 10,000
Service Revenue 17,300
Cash ?
Dividends 880
Equipment 59,550
Common Stock 40,190
Maintenance and Repairs Expense 3,758
Salaries and Wages Expense 8,628
Insurance Expense 720
Salaries and Wages Payable 990
Notes Payable (due 2025) 29,650
Retained Earnings (July 1, 2022) 6,400
Prepare trial balance

Hankins, Inc., is considering a project that will result in initial after tax cash savings of $4.3 million at the end of the first year, and these savings will grow at a rate of 1.9 percent per year indefinitely. The firm has a target debt-equity ratio of .40, a cost of equity of 10.8 percent, and an aftertax cost of debt of 3.2 percent. The cost-saving proposal is somewhat riskier than the usual project the firm undertakes; management uses the subjective approach and applies an adjustment factor of +2 percent to the cost of capital for such risky projects.

Required:
a. Calculate the discount rate for the project.
b. What is the maximum cost the company would be willing to pay for this project?

List and describe five potential strategies for conflict resolution in teams. Which methods have been found to be most effective in teams? Which method is likely to be most successful if your manager likes to be involved in every decision?