For the stock dividends, the fair market value per share is used to calculate the number of additional shares issued. Hence, no journal entries.
Here are the journal entries required for each transaction:
Jan. 5:
Cash (532,000 shares x $8) $4,256,000
Common stock ($5 par value x 532,000 shares) 2,660,000
Paid-in capital in excess of par 1,596,000
No entry is required for the authorization of the shares.
Jan. 16:
Retained earnings 60,000
Dividends payable 60,000
Feb. 10:
Cash (40,000 shares x $13) $520,000
Common stock ($5 par value x 40,000 shares) 200,000
Paid-in capital in excess of par 320,000
No entry is required for the authorization of the shares.
Mar. 1:
Retained earnings 1,590,000
Common stock (180,000 shares x $5 par) 900,000
Paid-in capital in excess of par 690,000
Apr. 1:
No journal entry is required for a stock split.
July 1:
Retained earnings 1,530,000
Common stock (27,000 shares x $5 par) 135,000
Paid-in capital in excess of par 1,395,000
Aug. 1:
Retained earnings 60,000
Dividends payable 60,000
Learn more about dividends here:
https://brainly.com/question/29510262
#SPJ4
The complete question is:
The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 2014 is as follows:
Stockholders' Equity
Common stock, $5 par value; authorized, 1,500,000 shares; issued, 300,000 shares $1,500,000
Paid-in capital in excess of par 840,000
Retained earnings 3,060,000
Total $5,400,000
The following events occurred during 2015:
Jan. 5 32,000 shares of authorized and not issued common stock were sold for $8 per share.
Jan. 16 Declared a cash dividend of 20 cents per share, payable February 15 to stockholders of record on February 5.
Feb. 10 40,000 shares of authorized and not issued common stock were sold for $13 per share.
March 1 A 30% stock dividend was declared and issued. Fair market value per share is currently $15.
April 1 A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair market value on March 31 was $18 per share.
July 1 A 15% stock dividend was declared and issued. Fair market value is currently $10 per share.
Aug. 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21.
Required:
Prepare the journal entries required for each of these transactions. If any do not require a journal entry, explain why not.
Finelay Construction Company has three employees who are paid on the 1st and 16th of each month for the work they performed in the preceding half-month (paid semi-monthly; for instance, Jan 1-15 work is paid Jan 16; and Jan 16-31 work is paid Feb 1). For the pay period February 16 to February 28, each employee is owed gross pay of $1,150, but each one must have 15% of their gross pay withheld for income taxes. Each must also make Canada Pension Plan contributions of 5.7% of their gross pay and pay Employment Insurance premiums of 1.58% of their gross pay. Each employee has $19 of union dues deducted from their paycheque. uciail Requirements: 1. Prepare the payroll general journal entries required to reflect these amounts for the pay period February 16 - 28, along with Finelay's share of CPP contributions and El premiums, in Finelay's February 28 financial statements. Recall that both employers and employees make contributions to CPP and EI. 2. Show what Finelay would report on its balance sheet at February 28, and on its income statement for the month ended February 28 before the payment is made. 3. Prepare the payroll general journal entries required to reflect: (i) the payment of the February 16-28 payroll liabilities to the Canada Revenue Agency (CRA) on March 10, and (ii) the payment of the union dues to Unifor Union Local #123 on March 13.
To answer the question, Finelay Construction Company has three employees who are paid on the 1st and 16th of each month for the work they performed in the preceding half-month (paid semi-monthly; for instance, Jan 1-15 work is paid Jan 16; and Jan 16-31 work is paid Feb 1).
For the pay period February 16 to February 28, each employee is owed gross pay of $1,150, but each one must have 15% of their gross pay withheld for income taxes.
Each must also make Canada Pension Plan contributions of 5.7% of their gross pay and pay Employment Insurance premiums of 1.58% of their gross pay. Each employee has $19 of union dues deducted from their pay cheque.
1. Payroll General Journal Entries Required
The payroll general journal entries required to reflect these amounts for the pay period February 16 - 28, along with Finelay's share of CPP contributions and EI premiums, in Finelay's February 28 financial statements would be as follows:
Debit Salaries Expense for $3420 (3 employees x $1150 gross pay)Credit Taxes Withheld for $517 (15% x 3 employees x $1150 gross pay)Debit CPP Expense for $201.10 (5.7% x 3 employees x $1150 gross pay)Credit CPP Payable for $201.10Debit EI Expense for $63.54 (1.58% x 3 employees x $1150 gross pay)Credit EI Payable for $63.54Debit Union Dues Expense for $57 (3 employees x $19 union dues)Credit Union Dues Payable for $572. Balance Sheet and Income Statement Before Payment is Made
On the balance sheet on February 28, Finelay would report:
Salaries Expense of $3420Taxes Withheld of $517CPP Payable of $201.10EI Payable of $63.54Union Dues Payable of $57On the income statement for the month ended February 28 before the payment is made, Finelay would report a net income of $2831.36 (total salaries expense of $3420 minus total taxes withheld of $517).
3. Payroll General Journal Entries Required to Reflect Payment
The payroll general journal entries required to reflect the payment of the February 16-28 payroll liabilities to the Canada Revenue Agency (CRA) on March 10, and the payment of the union dues to Unifor Union Local #123 on March 13 would be as follows:
Debit Cash for $779.10 (CRA Payment)Credit Taxes Withheld for $517Credit CPP Payable for $201.10Credit EI Payable for $63.54Debit Cash for $19 (Union Dues Payment)Credit Union Dues Payable for $19To know more about Payroll General Journal, refer here:
https://brainly.com/question/29808619#
#SPJ11
BackgroundA virus named Covid-Zetta is spreading across the world with high contagious and mortality rates. Many countries have tried to tackle the virus with various measures. Human interactions have to be limited and Work from Home (WFH) needs to be imposed. Fortunately, a newly invented vaccine, Anti Zetta Vaccine (AZV), has been proven to be 90% effective against the virus.The Singapore government has set up a Covid-Zetta Task Force chaired by the Minister for Health to fight against the virus. One of Task Force’s impetus is to vaccinate the citizens with AZV. As a start, a Vaccination Centre with vaccine storage facility has to be established. The Task Force names it the Covid-Zetta Vaccination Centre (CVC) Project.Section 1: Leading the Project and Managing the Project TeamQuestion 1(a) Assume you are a senior civil servant from the Ministry of National Development. You are seconded to and asked by the Task Force to carry out the CVC Project. Appraise each of the seven (7) factors that influence the choice of Project Management Structure and rate it as low, medium or high on the project. Hence recommend the most appropriate CVC Project Management Structure.
In order to recommend the most appropriate CVC Project Management Structure, it is important to appraise each of the seven (7) factors that influence the choice of Project Management Structure. They include Resource availability, Organizational culture, Project importance, Organizational constraints etc.
In order to recommend the most appropriate CVC Project Management Structure, it is important to appraise each of the seven (7) factors that influence the choice of Project Management Structure. These seven factors are:
Resource availability: This refers to the availability of personnel and materials that are needed for the project. High resource availability will influence the choice of project management structure.
Project complexity: The complexity of the project will influence the choice of project management structure. If the project is complex, a more detailed and rigid structure might be chosen.
Project risk: The project risk will also influence the choice of project management structure. If the project is deemed to be risky, a more structured approach is usually preferred.
Project duration: The duration of the project will also have an impact on the project management structure. If the project is of a longer duration, a more detailed structure is usually preferred.
Organizational culture: The organizational culture will also influence the choice of project management structure. If the organizational culture is more rigid and hierarchical, a hierarchical structure may be preferred.
Project importance: The importance of the project will also have an impact on the project management structure. If the project is of a high importance, a more structured approach is usually preferred.
Organizational constraints: Organizational constraints such as budget and timeline will also influence the choice of project management structure. A more structured approach may be chosen in order to meet the constraints.
For such more question on Management
https://brainly.com/question/1276995
#SPJ11
Assume that the Japanese government increased the rate of subsidy on Japanese products. Other things being equal, how should this affect the (a) U.S. demand for Japanese yen, (b) supply of yen for sale, (C) equilibrium value of the yen? (Please show graphically)
The increase in the rate of subsidy on Japanese products will have the following effects U.S. demand for Japanese yen , Supply of yen for sale , Equilibrium value of the yen .
(a) U.S. demand for Japanese yen: The U.S. demand for Japanese yen will increase as the increase in the rate of subsidy will make Japanese products cheaper for the U.S. consumers.
As a result, the U.S. consumers will demand more Japanese products which will increase the demand for Japanese yen.
(b) Supply of yen for sale: The supply of yen for sale will decrease as the Japanese exporters will receive more subsidies from the government, and they will not need to sell as much yen to get the same amount of foreign currency.
(c) Equilibrium value of the yen: The equilibrium value of the yen will increase as the demand for yen increases and the supply of yen decreases. This will lead to an appreciation of the yen against the U.S. dollar.
The following graph shows the effect of an increase in the rate of subsidy on Japanese products on the equilibrium value of the yen:
In the graph, the initial demand curve for yen is D1 and the initial supply curve for yen is S1. The initial equilibrium value of the yen is E1. After the increase in the rate of subsidy on Japanese products, the demand curve for yen shifts to the right from D1 to D2, and the supply curve for yen shifts to the left from S1 to S2.
The new equilibrium value of the yen is E2, which is higher than the initial equilibrium value of E1. This shows that the increase in the rate of subsidy on Japanese products leads to an appreciation of the yen against the U.S. dollar.
To know more about supply curve click on below link:
https://brainly.com/question/1915798#
#SPJ11
One of the approaches to fundamental analysis of exchange rate
determination argues that the exchange rate is an asset price.
Explain the foundations of this approach
The approach to fundamental analysis of exchange rate determination that argues that the exchange rate is an asset price is known as the "Asset Market Approach". This approach is based on the idea that exchange rates are determined by the supply and demand for financial assets, such as stocks and bonds, in different countries.
The foundations of this approach are rooted in the idea that investors will seek to invest in assets that provide the highest expected return. This means that investors will buy assets in countries with higher interest rates and sell assets in countries with lower interest rates. As a result, the demand for the currency of the country with higher interest rates will increase, leading to an appreciation of that currency's exchange rate.
Additionally, the Asset Market Approach also takes into account other factors that can influence the demand for financial assets, such as political stability, economic growth, and inflation. All of these factors can impact the expected return on investment and, therefore, can influence the demand for a currency and its exchange rate.
In summary, the Asset Market Approach to fundamental analysis of exchange rate determination is based on the idea that exchange rates are determined by the supply and demand for financial assets in different countries, and that investors will seek to invest in assets that provide the highest expected return.
To know more about exchange rate click here:
https://brainly.com/question/29562028#
#SPJ11
Simulation of Walton's bookstore Cost data Unit cost Unit price Unit refund # of iterations 5000 Demand -normal distribution Mean 175 Standard Deviati 50 $7.50 $10.00 $2.50 -$742.50 $375.00 $299.48 17.2% 8.6% Decision variable Order quantity 150, Data Table ? x min profit max profit mean profit Prob(profit<200) Prob(losing mor Prob(50
The simulation of Walton's bookstore is used to analyze the cost data, demand, and decision variables to determine the potential profit and risks associated with the business. The simulation is run for a set number of iterations, in this case 5000, to gather a large sample of data and accurately assess the potential outcomes. The demand for the bookstore is assumed to follow a normal distribution with a mean of 175 and a standard deviation of 50. The cost data includes the unit cost of $7.50, the unit price of $10.00, and the unit refund of $2.50. The decision variable is the order quantity, which is set at 150.
The data table generated from the simulation includes the minimum profit, maximum profit, mean profit, probability of profit being less than $200, probability of losing more than $742.50, and probability of making more than $375.00. The results of the simulation indicate that the mean profit is $299.48, with a probability of 17.2% of profit being less than $200 and a probability of 8.6% of losing more than $742.50. These results can be used to make informed decisions about the business and assess the potential risks and rewards.
Viviane has decided it is time to plan for her retirement. At the end of each year for the next 20 years, she will save $5,000 in a retirement account. If the account earns 5% per year, how much will Vivian have saved in 20 years?Viviane has decided it is time to plan for her retirement. At the end of each year for the next 20 years, she will save $5,000 in a retirement account. If the account earns 5% per year, how much will Vivian have saved in 20 years?
Viviane will have saved $265,330 in her retirement account in 20 years.
To calculate how much Viviane will have saved in 20 years, we can use the formula for future value of an annuity, which is:
FV = PMT x ((1 + r)^n - 1) / r
Where:
FV = future value of the annuity
PMT = payment made each period
r = interest rate per period
n = number of periods
In this case, PMT is $5,000, r is 5% per year, and n is 20 years. We need to convert the interest rate to a per-period rate by dividing it by the number of periods in a year. Assuming payments are made at the end of each year, there are 1 period per year, so the per-period interest rate is:
r / n = 5% / 1 = 5%
Substituting these values into the formula, we get:
FV = $5,000 x ((1 + 5%)^20 - 1) / 5%
FV = $5,000 x (2.6533) / 5%
FV = $5,000 x 53.066
FV = $265,330
Therefore, Viviane will have saved $265,330 in 20 years if she saves $5,000 at the end of each year in a retirement account that earns 5% per year.
The formula works by first calculating the future value of each periodic payment using the formula for the future value of a single lump sum. Then, it adds up all of the future values of the periodic payments to arrive at the total future value of the annuity. It's important to note that this formula assumes a constant interest rate and periodic payment over the life of the annuity. If these values change, the future value of the annuity will also change. Additionally, taxes and fees may also affect the actual value of the annuity.
To know more about savings:
https://brainly.com/question/30403803
#SPJ11
Develop a 12-month revenue forecast similar to 14.2 based on the following informationJanuary$3,500,000.00February$1,320,000.00March$800,000.00April$3,470,000.00May$ 1,000,000.00June$1,500,000.00July$1,491,000.00August$3,369,000.00September$2,478,000.00October$3,700,000.00November$3,500,000.00December$6,500,000.00
To develop a 12-month revenue forecast similar to 14.2 based on the given information, we need to add up the revenues for each month and divide by 12 to get the average monthly revenue. This will give us an estimate of the revenue for each month in the forecast.
Step 1: Add up the revenues for each month:
$3,500,000 + $1,320,000 + $800,000 + $3,470,000 + $1,000,000 + $1,500,000 + $1,491,000 + $3,369,000 + $2,478,000 + $3,700,000 + $3,500,000 + $6,500,000 = $32,128,000
Step 2: Divide the total revenue by 12 to get the average monthly revenue:
$32,128,000 / 12 = $2,677,333.33
Step 3: Use the average monthly revenue to create the 12-month revenue forecast:
January: $2,677,333.33
February: $2,677,333.33
March: $2,677,333.33
April: $2,677,333.33
May: $2,677,333.33
June: $2,677,333.33
July: $2,677,333.33
August: $2,677,333.33
September: $2,677,333.33
October: $2,677,333.33
November: $2,677,333.33
December: $2,677,333.33
The 12-month revenue forecast is $2,677,333.33 for each month, for a total of $32,128,000 for the year.
Learn more about revenue forecast : https://brainly.com/question/14019463
#SPJ11
_____ is a pattern of action by the members of an organization that directly or indirectly influences organizational effectiveness.a. Positive affectivityb. General adaptation syndromec. Workplace behaviord. Job satisfaction
Workplace behavior is a pattern of action by the members of an organization that directly or indirectly influences organizational effectiveness. Therefore the correct answer is c. Workplace behavior.
Workplace behavior is a pattern of action by the members of an organization that directly or indirectly influences organizational effectiveness. It includes how employees interact with each other, how they perform their tasks, and how they respond to different situations in the workplace.
Positive workplace behavior can lead to increased productivity, better teamwork, and higher levels of job satisfaction. Negative workplace behavior, on the other hand, can lead to conflicts, decreased productivity, and low morale.
Therefore, it is important for organizations to foster positive workplace behavior in order to achieve organizational effectiveness. Therefore the correct answer is c. Workplace behavior.
For such more question on workplace:
https://brainly.com/question/11357390
#SPJ11
Why is it important to regularly monitor/ review implemented
treatment/s or controls of business risk against measures of
success? Give three reasons.
It is important to regularly monitor and review implemented treatments or controls of business risk against measures of success for the following reasons are Effectiveness, Compliance, Continuous Improvement.
For more such questions on business risk, click on:
https://brainly.com/question/14987050
#SPJ11
(0)Michigan Manufacturing produces a product that has a 6-month demand cycle. Each unit requires 10 worker-hours to produce, at a labor cost of $6 per hour regular rate (or $9 per hour over time). The total cost per unit is estimated at $200, units can be subcontracted at a cost of $208 per unit. There are currently 20 workers employed in the subject department, and hiring and training costs for additional workers are $300 per person, where layoff costs are $400 per person. Company policy is to retain a safety stock equal to 20 percent of the monthly forecast, and each month’s safety stock becomes the beginning inventory for the next month. There are currently 50 units in stock carried at a cost of $2 per unit-month. Unit shortage, or stock outs has been assigned a cost of $20 per unit month.
Based on the information provided, Michigan Manufacturing should utilize a combination of regular rate labor, overtime labor, and subcontracting in order to produce the necessary amount of units within the 6-month demand cycle.
First, it is important to calculate the total number of worker-hours required to produce the necessary amount of units. This can be done by multiplying the number of units by the number of worker-hours required per unit.
Next, the company should utilize the regular rate labor of the 20 workers currently employed in the department for as many worker-hours as possible. This will help to minimize labor costs, as the regular rate is lower than the overtime rate.
Once the regular rate labor has been exhausted, the company should utilize overtime labor for any additional worker-hours needed. While the overtime rate is higher than the regular rate, it is still lower than the cost of subcontracting or hiring and training additional workers. Finally, if there are still additional worker-hours needed, the company should subcontract the remaining units at a cost of $208 per unit. This will help to minimize the overall cost, as it is lower than the cost of hiring and training additional workers or the cost of unit shortages.
It is also important for the company to maintain a safety stock of 20 percent of the monthly forecast in order to prevent stock outs. This can be achieved by keeping the beginning inventory for each month at 20 percent of the monthly forecast. Overall, by utilizing a combination of regular rate labor, overtime labor, and subcontracting, Michigan Manufacturing can produce the necessary amount of units within the 6-month demand cycle while minimizing costs.
For such more questions on Business demand cycle:
brainly.com/question/29516564
#SPJ11
Quick Airlines Ltd. financial data follow:Book value of assets $650,000Market value of assets 780,000Market value of liabilities 120,000Slow Airlines Ltd. has agreed to purchase Quick Airlines Ltd. for $900,000 cash on January 1 of the current year.a) Determine the amount of goodwill, if any.b) Prepare the journal entry to record the purchase of Quick Airlines Ltd.General Journal
The amount of goodwill can be calculated by subtracting the market value of assets from the purchase price. In this case, the goodwill would be $900,000 - $780,000 = $120,000.
The journal entry to record the purchase of Quick Airlines Ltd. would be as follows:
General Journal
Debit Credit
Assets $780,000
Goodwill $120,000
Cash $900,000
The assets account is debited for the market value of the assets, the goodwill account is debited for the amount of goodwill, and the cash account is credited for the purchase price. This journal entry reflects the acquisition of Quick Airlines Ltd. by Slow Airlines Ltd.
Learn more about journal entry : https://brainly.com/question/13750629
#SPJ11
Assess three factors that have had a positive impact on e-business in recent years
We proposed the factors influencing SMEs' adoption of e-commerce. The six elements are perceived value, perceived ease, relative advantage, perceived risk, perceived trust, and compatibility.
What advantages do firms receive from online shopping?One of the primary advantages of e-commerce for firms that motivate sellers to engage in online selling is cost reduction. A large portion of vendors' budgets goes toward maintaining their physical stores. For items like rent, upkeep, store design, inventory, etc., they might need to make extra upfront payments.
How has the corporate world been affected by e-commerce so far?E-commerce will represent 20.4% of all retail sales globally by the end of 2022, according to the industry analysis. Yet, just 10% of e-commerce companies are using social media platforms to spread the word of mouth about their products. By 2023, 14.1% to 22% more people are expected to make purchases online.
Learn more about e-commerce: https://brainly.com/question/29732698
#SPJ9
Partners x, y, z capital balances: 150000, 250000, and 450000, respectively. p/l based on capital. y became a pwd and thus incapable of performing his duties, so he withdrew, april 25. as at april 25: income summary 78700 (debit balance). partners agreed to a +reval (land) of 90000, and to give y a 10% interest from withdrawal date up to payment date, and a bonus of 20000. as of april 25, partner drawings were 3k, 10k, and 1k, respectively.
Required: matrix for capital update for y and new p/l ratio for the remaining partners. cash distribution to y, july 25.
The capital update for partner y is 360000, the new profit/loss ratio for the remaining partners is 0.25 for x and 0.75 for z, and the cash distribution to partner y on July 25 is 350000.
The capital update for partner y and the new profit/loss ratio for the remaining partners can be calculated as follows:
Step 1: Calculate the new capital balance for partner y after the revaluation of land and the bonus payment.
New capital balance for y = 250000 + 90000 + 20000 = 360000
Step 2: Calculate the interest payment for partner y for the period from April 25 to July 25.
Interest payment = 360000 * 0.10 * (3/12) = 9000
Step 3: Calculate the total cash distribution to partner y on July 25.
Total cash distribution to y = 360000 + 9000 - 10000 (drawings) = 350000
Step 4: Calculate the new profit/loss ratio for the remaining partners x and z.
New profit/loss ratio for x = 150000 / (150000 + 450000) = 0.25
New profit/loss ratio for z = 450000 / (150000 + 450000) = 0.75
As a result, partner y's capital update is 360000, the revised profit/loss ratio for the other partners is 0.25 for partner x and 0.75 for partner z, and partner y will get 350000 in cash on July 25.
For such more question on ratio:
https://brainly.com/question/14010408
#SPJ11
Jamaliah receives an invoice for the purchase of 40 batteries for RM 8,440 on 31 March 2021. Trade discounts are 5 % and 3 % and the cash discount terms are 8/10, 5/30, n/60. She pays the invoice on 19 April 2021. She plans to sell the batteries by allowing 10 % of the cost for operating expenses and 28 % of the selling price for gross profit. (a) Find the payment on 19 April 2021.(b) Find the selling price and the net profit for each battery.(c) After two months, Jamaliah manages to sell 30 batteries. The remaining 10 batteries are sold by allowing 10 % markdown. Calculate the total sales made by Jamaliah if all the batteries are sold.
(a) The payment on 19 April 2021 after trade discounts and cash discounts are applied is RM 7,376.56. (b) The selling price and net profit for each battery is RM 281.74 and RM 78.89 respectively. (c) If all the batteries are sold, the total sales made is RM 10,987.90.
(a) To find the payment on 19 April 2021, we first need to calculate the trade discounts and the cash discount. The trade discounts are 5% and 3%, so we multiply the original price by these percentages and subtract them from the original price:
Trade discount 1 = RM 8,440 x 5% = RM 422
Trade discount 2 = RM 8,440 x 3% = RM 253.20
Total trade discount = RM 422 + RM 253.20 = RM 675.20
Price after trade discount = RM 8,440 - RM 675.20 = RM 7,764.80
Next, we calculate the cash discount. Since Jamaliah pays the invoice on 19 April 2021, she is eligible for the 5/30 cash discount, which is 5% of the price after the trade discount:
Cash discount = RM 7,764.80 x 5% = RM 388.24
Price after cash discount = RM 7,764.80 - RM 388.24 = RM 7,376.56
Therefore, the payment on 19 April 2021 is RM 7,376.56.
(b) To find the selling price and the net profit for each battery, we first need to calculate the cost per battery:
Cost per battery = RM 7,376.56 / 40 = RM 184.41
Next, we add 10% of the cost for operating expenses and 28% of the selling price for gross profit:
Operating expenses = RM 184.41 x 10% = RM 18.44
Gross profit = Selling price x 28%
Selling price = (RM 184.41 + RM 18.44 + Gross profit) / (1 - 28%)
Selling price = RM 202.85 / 0.72
Selling price = RM 281.74
Therefore, the selling price for each battery is RM 281.74 and the net profit for each battery is RM 281.74 - RM 184.41 - RM 18.44 = RM 78.89.
(c) To calculate the total sales made by Jamaliah if all the batteries are sold, we first calculate the sales from the first 30 batteries:
Sales from first 30 batteries = 30 x RM 281.74 = RM 8,452.20
Next, we calculate the sales from the remaining 10 batteries, which are sold with a 10% markdown:
Markdown = RM 281.74 x 10% = RM 28.17
Selling price after markdown = RM 281.74 - RM 28.17 = RM 253.57
Sales from remaining 10 batteries = 10 x RM 253.57 = RM 2,535.70
Total sales = RM 8,452.20 + RM 2,535.70 = RM 10,987.90
Therefore, the total sales made by Jamaliah if all the batteries are sold is RM 10,987.90.
Learn more about Cash discounts:
https://brainly.com/question/28901660
#SPJ11
The best example of local adaption is what?
The ability of a company to adapt its products and services to local markets
The ability of a company to maintain consistent quality across its global operations
The ability of a company to tailor its marketing messages to a global audience
The ability of a company to standardize its operations and processes worldwide
The best example of local adaptation is the ability of a company to adapt its products and services to local markets. Option A
What is Local adaptation?Local adaptation refers to the process of modifying products, services, or marketing strategies to meet the specific needs and preferences of consumers in different regions or countries. This involves taking into account the local culture, language, social norms, regulations, and other factors that can affect how products and services are perceived and used by local customers.
The best example of local adaptation is the ability of a company to adapt its products and services to local markets. Local adaptation involves modifying products and services to meet the specific needs and preferences of consumers in different regions or countries.
This may include adjusting the features, packaging, branding, pricing, or distribution of products and services to better match local market conditions. By doing so, companies can improve their competitiveness and increase their chances of success in different markets around the world.
Learn more about Local adaptation at:https://brainly.com/question/15194461
#SPJ1
Risks involved in e-commerce include: credit card theft,computer viruses and impersonation.TrueFalse
The statement ''Risks involved in e-commerce include credit card theft, computer viruses, and impersonation'' is true, because all of the above risks are involved with e-commerce.
Credit card theft is a major concern for online shoppers, as hackers can potentially steal sensitive financial information. Computer viruses can also pose a risk, as they can infect a user's device and steal personal information.
Impersonation, or identity theft, is another risk associated with e-commerce, as hackers can potentially use a person's personal information to make fraudulent purchases or conduct other illegal activities.
See more about e-commerce at https://brainly.com/question/13165862.
#SPJ11
The Bartram-Pulley Company (BPC) must decide between two mutually exclusive investment projects. Each project costs $6,750 and has an expected life of 3 years. Annual net cash flows from each project begin 1year after the initial investment is made and have the following probability distributions:
Project A
Project B
Probability
Net Cash Flows
Probability
Net Cash Flows
0.2
$6,000
0.2
$0
0.6
$6,750
0.6
$6,750
0.2
$7,500
0.2
$18,000
BPC has decided to evaluate the riskier project at a 12% rate and the less risky project at a 10% rate.
1. What is the risk-adjusted NPV of each project?
2. If it were known that Project B is negatively correlated with other cash flows of the firm whereas Project A is positively correlated, how would this affect the decision?
3. If Project B’s cash flows were negatively correlated with gross domestic product (GDP), would that influence your assessment of its risk?
Please show formulas
1. To calculate the risk-adjusted NPV of each project, we need to first calculate the expected net cash flows for each project and then discount them at the appropriate rate.
For Project A:
Expected net cash flows = (0.2 * $6,000) + (0.6 * $6,750) + (0.2 * $7,500) = $6,750
Risk-adjusted NPV = [tex]-$6,750 + ($6,750 / 1.10) + ($6,750 / 1.10^2) + ($6,750 / 1.10^3) = $1,161.39[/tex]
For Project B:
Expected net cash flows = (0.2 * $0) + (0.6 * $6,750) + (0.2 * $18,000) = $8,250
Risk-adjusted NPV = [tex]-$6,750 + ($8,250 / 1.12) + ($8,250 / 1.12^2) + ($8,250 / 1.12^3) = $2,667.82[/tex]
2. If Project B is negatively correlated with other cash flows of the firm, it would provide diversification benefits and reduce the overall risk of the firm's cash flows. This would make Project B more attractive and could potentially change the decision in favor of Project B.
3. If Project B's cash flows were negatively correlated with GDP, it would mean that the project would perform better during economic downturns and worse during economic expansions. T
his would add an additional layer of risk to the project, as it would be more sensitive to changes in the macroeconomic environment. This could potentially make Project B less attractive and could influence the decision.
To know more about GDP refer to-
brainly.com/question/30737857#
#SPJ11
It is managers’ responsability to act solely in the interest ofshareholders (Milton Friedman, 1970): Discuss this statement givingarguments forand against itWrite 400 words
The statement that managers should act solely in the interest of shareholders was made by economist Milton Friedman in 1970. This statement has been widely debated since, as some argue it can lead to unethical and irresponsible corporate practices.
Arguments for the Statement
Firstly, the statement is in line with Friedman's view of corporate governance. According to him, shareholders own the company and thus, they should be prioritised in corporate decision-making. Moreover, Friedman argued that shareholders are the ultimate stakeholders in the company and should have the primary say in how the company is managed. Finally, he argued that managers who act in the interests of the shareholders increase their profits, which can then be shared among other stakeholders.
Arguments Against the Statement
On the other hand, some argue that this view of corporate governance is too narrow. They believe that managers should also take into account other stakeholders such as employees, customers, suppliers and the community. It is argued that a manager who takes into account the needs of all stakeholders will create better long-term value for the company. Additionally, by taking into account the needs of other stakeholders, companies can create a positive reputation and build loyalty among their customers. This can lead to a higher share price in the long run.
In conclusion, the statement made by Milton Friedman in 1970 that managers should act solely in the interests of shareholders has been widely debated. While Friedman argued that it is the responsibility of managers to prioritise shareholders in corporate decision-making, some argue that a more holistic approach to corporate governance is required, which also takes into account the needs of other stakeholders.
know more about shareholders here
https://brainly.com/question/29803660#
#SPJ11
In entrepreneurial financing, getting funded is the ultimate
goal. How you get the money does not matter. True or False?
The statement "In entrepreneurial financing, getting funded is the ultimate goal. How you get the money does not matter." is false because In entrepreneurial financing, getting funded is certainly an important goal, but how you get the money does matter.
It is important to consider the terms of the funding, such as the interest rate, repayment terms, and any potential equity stakes. Additionally, it is important to consider the source of the funding, as it can have an impact on the future of the business.
For example, funding from a venture capitalist may come with different expectations and involvement than funding from a bank loan.
Therefore, it is important to carefully consider all aspects of the funding process and not just focus on the end goal of getting funded.
To know more about entrepreneurial financing click on below link:
https://brainly.com/question/5113089#
#SPJ11
State whether the following statements are true or false:
In a chronological resume, the work experience section dominates and is placed immediately before your contact information and introductory statement. ________
Networking is the process of making formal connections with mutually beneficial business contacts. _________
If you’ve had a number of short-term jobs of a similar type, you can group them under a single heading. _________
To manage the gaps in work history, mention strong reference during employment gaps, such as volunteer or community work. _____
The statement " In a chronological resume, the work experience section dominates and is placed immediately before your contact information and introductory statement " is False
The statement " Networking is the process of making formal connections with mutually beneficial business contacts " is. True
The statement " If you’ve had a number of short-term jobs of a similar type, you can group them under a single heading" is. True
The statement "To manage the gaps in work history, mention strong reference during employment gaps, such as volunteer or community work" is True
A chronological resume typically begins with your contact information and introductory statement, followed by a reverse-chronological listing of your work experience, with the most recent position listed first. Networking is an important aspect of job searching, as it can help you make connections with people in your industry who may be able to offer job leads or referrals.
If you have had a number of short-term jobs of a similar type, it is acceptable to group them under a single heading to avoid cluttering your resume.
Know more about chronological resume here:
https://brainly.com/question/27962304
#SPJ11
Question:
Adele is planning for retirement. She would like to have $75,000 in her hand at the beginning of her first year of retirement at age 65 to live on for the year. She estimates that the amount will have to grow by 6% every year to keep up with inflation. What APR (nominal rate per year) should her retirement account earn if it is compounded continuously. She plans to deposit $21,000 on her 40th birthday and plans to keep increasing the deposits by 6% every year and till her 64th birthday. She estimates her life expectancy to be 85, meaning she would like to have the last retirement payment on her 85th birthday?
Group of answer choices
a. 5.02%
b. 4.41%
c. 3.85%
d. 4.26%
please proper explain and do not copy from . Otherwise I have to report the answer.
The APR (nominal rate per year) that Adele's retirement account should earn if it is compounded continuously is 4.41%.
Adele plans to deposit $21,000 on her 40th birthday and increase the deposits by 6% every year until her 64th birthday, so the deposits can be calculated using a geometric series:
PV = $21,000, r = 6%, n = 24 (number of years from age 40 to age 64), so the deposits can be calculated as follows: PMT = PV * (r/1 - (1 + r)^-n) = $1,038.21 per year
Adele wants to have $75,000 in her hand at the beginning of her first year of retirement at age 65, and she estimates that the amount will have to grow by 6% every year to keep up with inflation, so the retirement payments can also be calculated using a geometric series:
FV = $75,000, r = 6%, n = 20 (number of years from age 65 to age 85), so the retirement payments can be calculated as follows: PMT = FV * r / ((1 + r)^n - 1) = $6,471.73 per year
The total present value of the retirement payments can be calculated using the continuous compounding formula:
PV = PMT / r * (1 - (1 + r)^-n), where PV = $21,000 * (1 + 1.06 + 1.06^2 + ... + 1.06^24) + $6,471.73 * (1 + e^(0.06*20)), so we need to solve for r
Using a financial calculator or spreadsheet, we can find that r is approximately 4.41%.
Therefore, the APR (nominal rate per year) that Adele's retirement account should earn if it is compounded continuously is 4.41%.
To know more about APR click here:
https://brainly.com/question/8846837
#SPJ11
Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law? group of answer choices john rawls john stuart mill immanuel kant milton friedman
Milton Friedman argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law.
The person who argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law is Milton Friedman.
Milton Friedman was an American economist, statistician, and writer who was a prominent figure in the field of economics during the second half of the 20th century. He was awarded the Nobel Memorial Prize in Economic Sciences in 1976 for his work in the field of consumption analysis, monetary history and theory, and for his demonstration of the complexity of stabilization policy.
In his famous article, "The Social Responsibility of Business is to Increase its Profits," published in The New York Times Magazine in 1970, Friedman argued that the social responsibility of businesses was to increase profits within the boundaries of the law. According to Friedman, a corporate manager's primary responsibility was to the shareholders of the organization, and they should make the company as profitable as possible while also complying with the law.
Friedman believed that the pursuit of profit would ultimately lead to the greatest benefit for society. He argued that the pursuit of social responsibility by businesses was actually a form of taxation, where businesses were being forced to divert resources away from productive activities and towards social programs. This, he claimed, was detrimental to the economy and society as a whole.
Friedman's ideas were controversial, and his views on social responsibility were criticized by many. Some argued that businesses had a broader responsibility to society and should take into account the impact of their actions on stakeholders other than shareholders.
learn more about shareholders here
https://brainly.com/question/29803660
#SPJ4
1. Selchow & Richter Company (S&R) owns the trademark to the famous board game Scrabble. Mark Landsberg wrote a book on strategy for winning at Scrabble and contracted S&R to request permission to use request permission to use the scrabble trademark. in response, S&R requeted a copy of landsberg's manuscript, which he provided. after prolonged negotiations between the parties regarding the possibility of S&R's publication of the manuscript broke off, S&R brought out its own scrabble strategy book. no express contract was ever entered into between landsberg and S&R. Landsberg sued S&R for damages for breach of an implied ontract between the parties?
Yes, Landsberg can sue S&R for damages for breach of an implied contract between the parties.
An implied contract occurs when two parties agree to a deal without an explicit agreement, but both parties imply that a contract exists through their behavior and words. In this case, Landsberg provided S&R with a copy of his manuscript, and S&R requested it.
This would be considered an implied contract, and when S&R broke off the negotiations and produced their own Scrabble strategy book, they would be considered to have breached that implied contract.
Landsberg would then be able to sue S&R for damages.
To know more about implied contract click on below link:
https://brainly.com/question/19908088#
#SPJ11
The Hershey Company:
Summarize at least two significant news items from recent articles or reports about company. Use the library’s academic databases to search for news about the company. Cite quoted and paraphrased material appropriately
One significant news item about The Hershey Company is that it has announced plans to acquire Lily's, a maker of low-sugar chocolate products. According to a report from Food Business News, Hershey plans to purchase Lily's for $425 million in cash. Lily's is known for its line of chocolate bars, baking chips, and other sweets that are sweetened with stevia and erythritol rather than traditional sugar. This acquisition is part of Hershey's strategy to expand its portfolio of better-for-you products and appeal to health-conscious consumers.
Another news item about The Hershey Company is that it is investing $135 million to expand its manufacturing plant in Virginia. According to a report from Candy Industry, the expansion will add a new production line and create 110 new jobs at the plant. The new line will produce Hershey's Kisses and will increase the plant's overall production capacity by approximately 25%. The investment is part of Hershey's plan to increase efficiency and improve its supply chain.
For more questions like Hershey visit the link below:
https://brainly.com/question/30030349
#SPJ11
One of the purposes of a retirement plan is to accumulate retirement assets. Increases in retirement assets are a result of contributions by employers and employees as well as investment earnings on the retirement assets. Which of the following is correct regarding the investment management of retirement assets?
Question options:
The primary reason that employees are given the right to self-direct plan assets is to empower them
The employer cannot manage assets in a 401(k) plan
Employers can commingle assets from employees' retirement accounts and have the assets managed by a third-party asset manager or manage the assets in-house
One of the purposes of a retirement plan is to accumulate retirement assets. Increases in retirement assets are a result of contributions by employers and employees as well as investment earnings on the retirement assets - Employers can commingle assets from employees' retirement accounts and have the assets managed by a third-party asset manager or manage the assets in-house. Therefore the correct option is C.
The correct answer is "Employers can commingle assets from employees' retirement accounts and have the assets managed by a third-party asset manager or manage the assets in-house." This is because employers have the option to either hire a third-party asset manager to oversee the investments of their employees' retirement accounts or manage the assets themselves.
While employees may have the option to self-direct their retirement assets, this is not the primary reason for the existence of retirement plans. Additionally, employers are allowed to manage assets in a 401(k) plan, as long as they follow the rules and regulations set forth by the Employee Retirement Income Security Act (ERISA).
Therefore the correct option is C.
For such more question on investment:
https://brainly.com/question/20360874
#SPJ11
You borrow $80,000 loan with annual interest rate of 6% compounded monthly for 20 years. How much interest will you pay by the end of the term? Please Do not put $ sigh Do not put comma Round your answer to 2 decimals
The amount of interest paid by the end of the term is 176983.11.
To find the amount of interest paid on a loan, we can use the formula for compound interest: A = P(1 + r/n)^(nt), where
A is the final amount,
P is the principal, r is the annual interest rate,
n is the number of times interest is compounded per year, and t is the number of years.
In this case, P = 80000, r = 0.06, n = 12, and t = 20. Plugging these values into the formula, we get:
A = 80000(1 + 0.06/12)^(12*20)
A = 80000(1.005)^240
A = 256983.11
To find the amount of interest paid, we subtract the principal from the final amount:
Interest = A - P
Interest = 256983.11 - 80000
Interest = 176983.11
Therefore, the amount of interest paid by the end of the term is 176983.11.
For such more question on interest:
https://brainly.com/question/858228
#SPJ11
Discuss how the Environmental, Social, and Corporate Governance (ESG) factors affect capital budgeting in the company you select or the firm you are currently working for. State an obvious effect and another effect that is not so obvious to outsiders.
The Environmental, Social, and Corporate Governance (ESG) factors play a crucial role in capital budgeting decisions in a company. These factors can influence the allocation of capital in various ways.
One obvious effect of ESG factors on capital budgeting is the impact on the cost of capital. Companies with strong ESG practices tend to have a lower cost of capital as they are considered less risky by investors. This means that these companies can raise capital at a lower cost, which can positively impact their capital budgeting decisions.
Another less obvious effect of ESG factors on capital budgeting is the impact on the company's reputation. Companies with strong ESG practices tend to have a better reputation, which can lead to increased customer loyalty and brand value. This can positively impact the company's cash flows, which in turn can positively impact capital budgeting decisions.
Overall, ESG factors can have a significant impact on capital budgeting decisions in a company. Companies with strong ESG practices tend to have a lower cost of capital and a better reputation, which can positively impact their capital budgeting decisions.
For such more questions on Environmental,Social and Corporate Governance (ESG) :
brainly.com/question/30577168
#SPJ11
Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 18 years to maturity, make semiannual payments, and have a YTM of 6 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % Percentage change in price of Bond J Percentage change in price of Bond K % What if rates suddenly fall by 2 percent instead? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % Percentage change in price of Bond J Percentage change in price of Bond K %
Bond J's price rise of 2% is calculated as follows: (-Duration_J) x (0.02)
Bond K's price rise of 2% is calculated as follows: (-Duration_K) x (0.02)
Bond J's price change as a percentage (2% decline) is (-Duration_J) x (-0.02) Bond K's price change as a percentage (2% decline) is (Duration_K) times (-0.02)
The calculation is as follows:
We may use the following formula to get the bonds' percentage price change in price as a percentage equals (-Duration) x (Change in Yield).Let's first determine how long each bond will last:
To Bond J:Discount rate is 3%.YTM = 6 years till maturity, Two semi-annual payments, Using the duration formula: Years to Maturity (YTM) = (1 - (1 + 0.06/2)(-2 * 18) / (0.06/2) Duration_J = (1 - (1 + YTM/2)(-2 * Years to Maturity)) / (YTM/2) Bond K's: Discount rate is 9%.YTM = 6 years till maturity,Two semi-annual payments,Years to Maturity Bond (YTM) = (1 - (1 + 0.06/2)(-2 * 18) / (0.06/2) Duration_K = (1 - (1 + YTM/2)(-2 * Years to Maturity)) / (YTM/2) Let's now determine the percentage change in price for an increase in interest rates of 2%:Yield Change = 2% Bond price change as a percentage J is (-Duration_J) times (Change in Yield).
Learn more about Bond, from :
brainly.com/question/31994049
#SPJ12
As owner of the Rigola Cinema Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far:You have decided to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $250.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be $250.00, so you decide to consider this a fixed cost. Booth rental, which is acontractual cost at $50.00 for each booth per night, is also a fixed cost.ITEM SELLING PRICE VARIABLE COSTSoft drink $1 $0.65Tea 1.75 0.95Coffee 1 0.3Candy 1 0.314)What is the break-even volume per evening performance?Select 986.26 as your answer 986.26Select 982.56 as your answer 982.56Select 856.56 as your answer 856.56Select 1200.26 as your answer 1200.26Select as your answer None of the above
The break-even volume per evening performance can be calculated by the formula. The break-even volume per evening performance is 215.61. Therefore the correct answer is None of the above.
The break-even volume per evening performance can be calculated by using the formula:
Break-even volume = Fixed cost / (Selling price - Variable cost - Waste allowance).
Fixed cost = $250 (labor cost) + $50 x 5 (booth rental) = $500
Waste allowance = 10% of variable cost = 0.1 x ($0.65 + $0.95 + $0.3 + $0.31) = $0.221
Selling price = $1 + $1.75 + $1 + $1 = $4.75
Variable cost = $0.65 + $0.95 + $0.3 + $0.31 = $2.21
Break-even volume = $500 / ($4.75 - $2.21 - $0.221) = $500 / $2.319 = 215.61
Therefore, the break-even volume per evening performance is 215.61.
The correct answer is None of the above.
For such more question on volume:
https://brainly.com/question/17073739
#SPJ11
What are the keys to active listening? (Open-Ended Question)