To achieve effective internal control over fixed-asset additions, a company should establish procedures that require:
a. authorization and approval of major fixed-asset additions.
b. classification as investments of those fixed-asset additions that are not used in the business.
performance of recurring fixed-asset maintenance work solely by maintenance department employees.
capitalization of the cost of fixed-asset additions in excess of a specific dollar amount.

Answers

Answer 1

To achieve effective control over fixed asset additions, a company should establish activities that require: authorization and approval of major fixed asset additions. This option is answer D.

Authorization and approval of major fixed asset additions is essential for effective control over fixed asset additions in a company. The control is necessary to ensure that the purchase of fixed assets is done only for the benefit of the business.

It is also necessary to avoid wastage and ensure that the funds are put into optimal use. Authorization and approval of major fixed asset additions help ensure that the funds are put to the right use in the company.

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Complete question:

To achieve effective control over fixed asset additions, a company should establish activities that require:

A. Capitalization of the cost of fixed asset additions in excess of a specific dollar amount.

B.Performance of recurring fixed asset maintenance work solely by maintenance departmentemployees.

C. Any fixed asset additions that are not used in the business to be classified as investments.

D. Authorization and approval of major fixed asset additions.


Related Questions

a company uses a perpetual inventory system. how should the company record the return of inventory previously purchased on account for $200?

Answers

When a company that uses a perpetual inventory system wishes to record the return of previously purchased inventory on account for $200, they must do so through an accounts payable journal entry.

The inventory account is debited to reduce the amount of inventory on hand. When a company that uses a perpetual inventory system wishes to record the return of previously purchased inventory on account for $200, they must do so through an accounts payable journal entry.

The perpetual inventory system is a method of accounting for inventory that is kept on hand at all times. It is used to keep track of inventory levels in real-time. In a perpetual inventory system, inventory accounts are debited or credited in real-time as inventory is bought, sold, or returned to the supplier. When inventory is returned, the accounts payable account is credited with the amount of the inventory returned.

An accounts payable journal entry is created to record the return.To create an accounts payable journal entry, use the following format:Account Title Debit Credit Accounts Payable $200 Inventory $200The accounts payable account is credited because the company will not have to pay for the returned inventory. The inventory account is debited to reduce the amount of inventory on hand.

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jackson corporation originally issued 300 shares of $50 par convertible preferred stock at $80 per share. if each preferred share may be converted into 2 shares of $20 par common stock and all the shares are converted, what amount is credited to the common stock account? a.$18,000 b.$12,000 c.$48,000 d.$15,000

Answers

Answer: The amount is credited to the common stock account is  $48,000.

Jackson Corporation originally issued 300 shares of $50 par convertible preferred stock at $80 per share. If each preferred share may be converted into 2 shares of $20 par common stock and all the shares are converted, the amount credited to the common stock account is $48,000.

First, we need to know the total cost of 300 shares of convertible preferred stock at $80 per share:Total cost = 300 × $80 = $24,000 Next, we need to find the total number of common stock shares that will be issued: Total number of common stock shares = 300 shares of convertible preferred stock × 2 shares of common stock per preferred stock = 600 shares of common stock

Now we can calculate the par value of the common stock to be issued: Par value of the common stock = 600 shares of common stock × $20 par value per share = $12,000. Finally, we can determine the amount credited to the common stock account: Amount credited to the common stock account = Par value of the common stock = $12,000Since all the preferred shares are converted, the total credit to the common stock account is $48,000 ($12,000 × 4). Therefore, the correct option is (c) $48,000.

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assume argentina has production possibilities to produce either 35 batches of apples or 70 batches of peaches using 100 worker hours. if it chooses to produce 15 batches of apples, how many batches of peaches can it produce? place the moveable point at the coordinate that shows this production possibility. make sure that the point's coordinates are exactly correct.

Answers

Argentina can produce 30 batches of peaches if it chooses to produce 15 batches of apples.

We are given the following:

Production Possibility: Argentina has production possibilities to produce either 35 batches of apples or 70 batches of peaches using 100 worker hours.

The number of apples produced: Argentina chooses to produce 15 batches of apples.

We know that the production possibility for the production of peaches is 70 batches using 100 worker hours.

Therefore, the number of batches of peaches produced if Argentina chooses to produce 15 batches of apples is given by; 35 batches of apples corresponds to 70 batches of peaches

Using the above proportion; 35/70 = 15/x => x = 15 x 70/35 = 30

Therefore, Argentina can produce 30 batches of peaches if it chooses to produce 15 batches of apples.

The moveable point on the graph should be at the point (15, 30).

Therefore, the production possibility of a country can be used to determine the maximum amount of goods that can be produced with given resources and can help in making informed production decisions.

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ZB Ltd latest annual dividend of K3. 25 has just been paid and maintained its historic 7% annual rate of growth. You plan to purchase the stock today because you believe that the dividend growth rate will increase to 8% for the next three years before dropping 5% indefinitely. How much should you be willing to pay for ZB stock if you require a 12% return?

What maximum price would you be willing to pay for ZB stock if you belleved that the 8% dividend growth rate was infinite at the same required rate of 12%?

Answers

We should be willing to pay up to K102.50 for ZB Ltd stock if we believe that the 8% dividend growth rate is infinite at the same required rate of return of 12%.

To calculate the maximum price we should be willing to pay for ZB Ltd stock, we can use the dividend discount model:

[tex]P = D / (r - g)[/tex]

Where P is the price of the stock, D is the most recent dividend payment, r is the required rate of return, and g is the expected growth rate of dividends.

a) Using the expected growth rate of 7% for the first three years and 5% indefinitely thereafter, we have:

Year 1: D = 3.25 x 1.07 = 3.4775

Year 2: D = 3.4775 x 1.07 = 3.7244

Year 3: D = 3.7244 x 1.07 = 3.9837

After year 3, the growth rate drops to 5%, so we have:

g = 5%

r = 12%

[tex]D = 3.9837 x 1.05 / (0.12 - 0.05) = K81.04[/tex]

Therefore, we should be willing to pay up to K81.04 for ZB Ltd stock if we expect the dividend growth rate to increase to 8% for the next three years before dropping to 5% indefinitely.

b) Using an infinite growth rate of 8%, we have:

g = 8%

r = 12%

[tex]D = 3.25 x 1.08 / (0.12 - 0.08) = K102.50[/tex]

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when shoppers click on an ad and are directed to an advertiser's product detail page on amazon, which customer flow is this?

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When shoppers click on an ad and are directed to an advertiser's product detail page on amazon This is an example of a direct response customer flow.

In this flow, shoppers click on an ad and are directed to an advertiser's product detail page on Amazon. This is a fast, direct, and effective way for shoppers to find what they are looking for, and for advertisers to get a response from their target audience.

The process typically involves a user clicking on an ad, which leads to a landing page containing more information about the product and services. This landing page provides an easy way for customers to make a purchase and can also include links to other relevant information or products.

Once the customer has completed the purchase, the customer flow is complete. The advertiser is then able to measure the performance of the ad campaign by tracking the total number of conversions and the total revenue generated.

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______ refers to the idea that a firm is a bundle of resources and capabilities that is unique to the firm.

Answers

Resource-based view refers to the idea that a firm is a bundle of resources and capabilities that is unique to the firm.

What is resource-based view?

The resource-based view is a strategic management approach that seeks to identify a firm's resources and capabilities as the key drivers of the company's performance and potential competitive advantage. As per this approach, a company's resources and capabilities are essential factors for achieving long-term competitive advantage rather than industry attributes such as economies of scale, global supply chains, or market growth. It contends that a company's unique resources and capabilities, rather than external variables, determine the company's strategic positioning and potential for long-term economic performance. According to this viewpoint, resources may be categorized into several types, including physical, financial, technological, human, and organizational. The company's unique capabilities, on the other hand, are derived from the ability to manage those resources strategically.

Resource-Based View aims to identify the company's distinct resources and capabilities as critical drivers of competitive advantage and economic performance over time. Rather than industrial characteristics like economies of scale or market growth, a company's resources and capabilities are considered to be the essential factors for maintaining a long-term competitive advantage. The primary goal of this approach is to determine the company's strategic position and potential for long-term economic performance by leveraging its unique resources and capabilities, rather than external factors.

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which statement best defines productivity? a. productivity is the ability of a company to produce goods and services. cross out b. productivity is the quantity of goods or services that a worker can produce in one hour. cross out c. productivity is the total quantity of goods and services that a nation can produce. cross out d. productivity is the ability of a company to generate profit.

Answers

The statement that best defines productivity is, "Productivity is the quantity of goods or services that a worker can produce in one hour."

Explanation:

Productivity refers to the quantity of work done, goods produced, or services provided, and its quality is determined by the efficiency with which resources are used.

It is a measure of the efficiency of production. The more efficient an organization is, the more productive it is. Productivity can be measured by a variety of criteria, including the amount of time required to complete a task, the amount of materials required to produce an item, and the number of items produced in a specific amount of time.

Productivity is used to determine the effectiveness of a business or organization. If a business produces more goods or provides more services in less time than its competitors, it is more efficient and more productive.

Productivity is a crucial component of economic growth and prosperity. Productivity gains are often the result of increased innovation, new technologies, and more efficient use of resources.

Therefore, the statement that best defines productivity is, "Productivity is the quantity of goods or services that a worker can produce in one hour."

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a company selling diapers knows the market is for people with infants and toddlers. however, within that segment, it can further divide the market by a demographic factor like:

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A company selling diapers can further divide the market by a demographic factor such as age (infants vs. toddlers), gender, geography, and income level.

A company selling diapers can divide the market further by demographic factors such as age, gender, geography, and income level. By doing so, the company can create more targeted marketing strategies to better reach and appeal to specific segments of their target market.

For example, the company may create different advertising campaigns for infant diapers versus toddler diapers, as the needs and preferences of parents with infants may differ from those with toddlers. They may also tailor their marketing messages to appeal to different income levels or geographic regions.

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rick is the ceo of a company that is acquiring another company. this is his first merger, so he has no basic rules to govern his decisions. rick will need to rely on

Answers

Rick is the CEO of a company that is acquiring another company. This is his first merger, so he has no basic rules to govern his decisions. Rick will need to rely on a well-structured due diligence process.

Due diligence is a type of research that businesses undertake before purchasing another company or starting a new investment. Due diligence is critical since it may reveal red flags and areas of opportunity that could significantly impact a business's decision to invest.

Due diligence is commonly divided into two phases. The first stage involves the collection of data and other relevant details. The second phase is typically a review of the data by lawyers, accountants, and other specialists to assess and confirm the findings.

The following are the various components of the due diligence process:

Financial Due Diligence: It is an investigation of the financial performance of a business to assess its current financial standing, debt, cash flow, financial stability, and growth potential.

Legal Due Diligence: It is a comprehensive examination of legal documents to ensure that the acquired firm has not engaged in any illegal or unethical practices. Also, to ascertain that the company is in full compliance with applicable legislation.

Cultural Due Diligence: It is a review of a company's organizational culture to assess the compatibility between the two firms, evaluate the leadership style, and determine how well the new firm's workforce will integrate into the existing culture.

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employees should be prepared to argue and defend themselves if they receive low ratings on their performance evaluations. a. true b. false

Answers

The correct answer to the given question is "False".

Explanation: Performance evaluations are conducted to examine how well the employee is performing at work. In the case of low ratings, the employee should not argue or defend himself but take it as constructive criticism and work on his skills and rectify his faults.

Instead of taking it negatively, employees should positively take it and try to make themselves better. Low rating performance evaluation can be a means to improve the employee’s weaknesses and make them better in their work. It is the responsibility of an employee to take low ratings constructively, to rectify the shortcomings, to take corrective measures, and to improve performance.

An employee should work in close collaboration with his superior and implement their suggestions. The role of performance evaluation is to help and guide the employee and not to punish or penalize them.

Thus, if an employee receives a low rating, he should not argue or defend himself but rather work on improving the rating in the next evaluation period.

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a good business goal should have which of the following qualities? a. flexible b. stated simply c. easily understandable d. fits within the business mission e. c and d only fall of the above

Answers

A good business goal should have the qualities of being stated simply, easily understandable, and fitting within the business mission.

Stated Simply: A business goal that is stated simply is easy to remember and communicate to others, making it more likely to be achieved. When a goal is complex or convoluted, it can be difficult to keep in mind and to communicate with others, which can lead to confusion and misunderstandings.

Easily Understandable: Similarly, a goal that is easily understandable is more likely to be achieved, as all team members can be clear on what they are working towards. When a goal is vague or unclear, it can be difficult to determine what steps need to be taken in order to achieve it, which can lead to a lack of progress.

Fits within the Business Mission: A goal that fits within the business mission ensures that all work is aligned towards the overall purpose and vision of the business. This helps to create a sense of cohesion and purpose among team members, which can lead to increased motivation and better results.

Flexible: A business goal that is flexible is able to adapt to changes in the business environment and respond to unexpected challenges. This quality is important, as the business landscape is constantly changing, and being able to pivot and adjust as needed is crucial for success.

Therefore, a good business goal should have the qualities of being stated simply, easily understandable, and fitting within the business mission. These qualities ensure that the goal is achievable and can help guide the business towards success. Flexible is also a good quality for a business goal to have, as it allows for adaptations and changes in response to the ever-changing business landscape.

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the management effect in fixed income attribution analysis least likely includes: a. policy effect. b. analysis effect. c. rate anticipation effect. d. trading effect.

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The management effect in fixed income attribution analysis least likely includes: Policy Effect. Policy Effect is defined as changes to the portfolio due to strategic investment decisions, such as changes in the portfolio's risk profile or expected return. Analysis Effect, Rate Anticipation Effect, and Trading Effect are all other types of effects that are likely to be included in fixed income attribution analysis.

The policy effect refers to the impact of the portfolio manager's decisions on the portfolio's overall performance. The analysis effect reflects the manager's ability to identify and select securities that outperform the benchmark. The rate anticipation effect measures the manager's success in anticipating changes in interest rates. Finally, the trading effect captures the manager's ability to generate excess returns through tactical trading decisions.

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which process is often associated with the technical tools and techniques of quality management, such as pareto charts, quality control charts, and statistical sampling?

Answers

The technical tools and techniques of quality management such as Pareto charts, quality control charts, and statistical sampling are often associated with the process of quality control.

What is Quality control?

Quality control (QC) is the process of ensuring that a product or service meets specified requirements and customer expectations. Quality control is an essential aspect of quality management that ensures the product or service meets the desired level of quality.

It entails inspecting the product or service to ensure that it meets the specified criteria and making the necessary improvements if it does not meet the criteria. Quality control techniques like Pareto charts, statistical sampling, and quality control charts can be used to monitor product quality and analyze data to identify defects and areas for improvement.

Quality control is a vital component of the overall quality management process, and the tools and techniques used in quality control are critical to ensuring that products or services meet customer requirements and expectations.

Technical tools and techniques of quality management such as Pareto charts, quality control charts, and statistical sampling are often associated with the process of quality control.

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silver and gold are examples of what kind of money? question 1 options: a) fiat b) commodity c) m2 d) bartering arrangements

Answers

It would be option A fiat
Because they are fiat currency

employee sponsored health insurance is an important aspect of the us health care system because

Answers

Employee-sponsored health insurance is an essential aspect of the US healthcare system because it provides access to health care services to a large number of individuals who may not be able to afford them without insurance.

Employee-sponsored health insurance is a group health insurance policy that an employer provides to his or her employees. An employee-sponsored insurance policy is a contract between the insurer and the employer that specifies the services covered and the premiums that the employer and employee will pay. There are several advantages to offering health insurance to employees, including attracting and retaining high-quality staff, providing a valuable benefit to employees, and demonstrating the employer's commitment to employee well-being.

Employee-sponsored health insurance has numerous advantages for employees, including:-

It is easier and less expensive to obtain coverage than it is to purchase insurance on the individual market.Since the employer contributes to the expense of insurance premiums, employees pay less for coverage than they would on the individual market.Many employers also offer additional benefits such as vision, dental, and life insurance, which may not be available on the individual market.

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courtessy corp., a leading law firm, has appointed a counselor to help junior lawyers with time management. the counselor would help them schedule their court appearances, set the time required to work on each case, and supervise the lawyers. this firm aims to reduce the stress that lawyers face in managing their time. in the given scenario, courtessy corp. has most likely adopted a(n) . group of answer choices institutional program career counseling program collateral stress program employee-fitness program

Answers

In the given scenario, Courtessy Corp. has most likely adopted a(n) career counseling program.

Explanation: A career counseling program is designed to assist individuals in evaluating their career objectives, developing career paths, and identifying the education and training required for those career paths. Junior lawyers would be helped by a counselor at Courtesy Corp. in scheduling their court appearances, setting the time required to work on each case, and supervising them

Junior lawyers would be helped by the counselor scheduling their court appearances, setting the time required to work on each case, and supervising them. This firm is aiming to alleviate the stress that lawyers face in managing their time.

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Produce Palace sells fresh fruits and vegetables. What method is the most efficient method for selling at Produce Palace?
First in, first out
Fixed Order
Last in, first out
Just in time

Answers

The most efficient method for selling at Produce Palace is the First in, First out (FIFO) method.

The First in, First out (FIFO) method is the most suitable for selling fresh fruits and vegetables at Produce Palace because it ensures that the oldest products are sold first, reducing spoilage and waste.

This method works by placing the newest items in the back and moving the older items to the front, ensuring that customers purchase the items with the closest expiration dates first.

Fixed Order and Last in, First out (LIFO) methods aren't ideal for perishable goods like fruits and vegetables because they can lead to spoilage. The Just in Time (JIT) method might be useful for inventory management, but it doesn't address the issue of selling the oldest items first.

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businesspeople from which country are most likely to be uncomfortable with silence and impatient with delays?

Answers

Businesspeople from Japan are most likely to be uncomfortable with silence and impatient with delays. This is due to the culture in Japan, which is built around efficiency and has a strong emphasis on time management.

Japanese businesspeople have a reputation for being punctual, and they expect the same from others. As such, silence and delays can be viewed as disrespectful and inefficient, leading to impatience. This is rooted in the concept of ‘wa’, a Japanese word meaning harmony. In the business world, wa requires that businesspeople be respectful and cooperative when dealing with one another, and this includes meeting deadlines and keeping conversation to a minimum.

Furthermore, silence can be interpreted as a lack of commitment or respect, and delays as a lack of responsibility. As such, Japanese businesspeople may be quick to express their displeasure if either is encountered. They may even go as far as to end their business relationship with the other party if the situation is not rectified. Finally, the culture in Japan places an emphasis on verbal communication, and as such, silence can be viewed as a lack of progress. This is particularly true when it comes to negotiation, as silence could mean that the two parties are at an impasse. Thus, it is not uncommon for Japanese businesspeople to view silence and delays as obstacles that must be dealt with quickly.

In conclusion, businesspeople from Japan are most likely to be uncomfortable with silence and impatient with delays due to the cultural expectations surrounding ‘wa’ and verbal communication.

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long-standing legal doctrine excuses firms from living up to the terms of a deal in the event of natural disasters or other calamities?

Answers

The long-standing legal doctrine excuses firms from living up to the terms of a deal in the event of natural disasters or other calamities is referred to as the force majeure clause.

What is the force majeure clause?

The force majeure clause is a provision that may be included in an agreement, which frees both parties from contractual liability if an unforeseeable or uncontrollable event occurs, such as war, strike, riot, crime, or an “act of God” like an earthquake, flood, or other natural disaster.

This clause recognizes that, in certain situations, it might be impossible for one or both parties to adhere to the terms of the agreement. The purpose of the clause is to excuse the performance of one or both parties, allowing them to terminate the agreement without incurring damages.

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this is the process by which insurers decide who can be insured and the appropriate rates and premiums.

Answers

The process by which insurers decide who can be insured and the appropriate rates and premiums are called underwriting.

What is Underwriting?

Underwriting is the method by which insurance companies assess and choose whether or not they want to ensure a client or business. Insurers conduct the underwriting process to evaluate the risk involved with insuring the applicant. In addition, they determine how much to charge in premiums in exchange for covering that risk.

Types of Underwriting:

There are two main types of underwriting; manual underwriting and automated underwriting.

1. Manual Underwriting:

Manual underwriting is a more traditional method that involves a human underwriter assessing the risk of insuring an applicant. An insurer may use manual underwriting if a prospective policyholder has an unusual or complicated insurance application.

2. Automated Underwriting:

Automated underwriting employs technology and data to examine and rate insurance applicants' risks. An insurer typically uses this method when evaluating the risks of common insurance policies such as car insurance, home insurance, or life insurance. This method is more efficient and faster than manual underwriting, and it is frequently used by insurance companies to assess clients.

The underwriting process is critical for both the insurance company and the applicant. Insurance firms need to determine the risk of insuring a client to decide whether or not to approve their application. On the other hand, the applicant needs to know if the insurance company is providing adequate coverage at a reasonable rate.

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Suppose that you are part of a team of epidemiologists that is hired by various agencies to design and conduct analytic studies. Your team recently implemented three separate studies, a cohort study, a case-control study, and a clinical trial, as described below. Work with your team to analyze and interpret the data that was collected in each study. It may help to consider the following questions: 1) How will you set up the 2×2 contingency table for the data? 2) What measure will you calculate to describe the strength of the association between the exposure and the disease (i.e., relative risk (RR) or odds ratio (OR)) ? 3) Can you calculate a measure to describe the potential impact of the exposure on the disease in the study population (i.e., attributable risk (AR)) and/or in the total population (i.e., population attributable risk (PAR))? 4) How are the resulting measures interpreted? 5) What do the resulting measures say about the potential association between the proposed exposure and disease? 6) What are the strengths and weaknesses of the study design and how will those attributes affect the way that you interpret and use the results? 7) What conclusions will you provide and will you make any public health recommendations based on the study results

Answers

The measures to analyze and interpret the data from a cohort study, case-control study, and clinical trial are as follows:

1) Set up the 2x2 contingency table with exposure and disease statuses

.
2) Calculate relative risk (RR) for cohort studies, odds ratio (OR) for case-control studies, and compare treatment groups in clinical trials.


3) Determine attributable risk (AR) and/or population attributable risk (PAR) if applicable.


4) Interpret the measures in terms of the strength of association and potential impact on the study population.


5) Assess the potential association between exposure and disease based on the calculated measures.


6) Evaluate the strengths and weaknesses of each study design, affecting interpretation and use of results.


7) Provide conclusions and public health recommendations based on study results.

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Company Y shows the following quarterly data relating to its widget line for the first quarter of 2015, for sales of 10,000 units:Net income $80,000Tax Rate 35%CM Ratio 45%Fixed Costs $100,000

Answers

The Break-Even Point for Company Y's widget line in the first quarter of 2015 is 18,051 units.

Based on the given information for Company Y, we can calculate the Break-Even Point (BEP) in units. The steps to calculate BEP are as follows:

1. Calculate the Contribution Margin per Unit (CMU): Since the Contribution Margin Ratio (CM Ratio) is 45%, we first need to find the Selling Price (SP) per unit. We know that the formula for CM Ratio is (CMU/SP) x 100.

2. Calculate the sales revenue: Net income is given as $80,000 and the tax rate is 35%. To find the Earnings Before Tax (EBT), use the formula EBT = Net Income / (1 - Tax Rate). In this case, EBT = $80,000 / (1 - 0.35) = $123,077.

3. Find the Selling Price per unit: Divide the sales revenue by the number of units sold. In this case, SP = $123,077 / 10,000 units = $12.31 per unit.

4. Calculate the Contribution Margin per Unit (CMU): Using the CM Ratio formula, we have CMU = (CM Ratio x SP) = 0.45 x $12.31 = $5.54 per unit.

5. Calculate the Break-Even Point in units: Use the formula BEP = Fixed Costs / CMU. In this case, BEP = $100,000 / $5.54 = 18,051 units.

So, the Break-Even Point for Company Y's widget line in the first quarter of 2015 is 18,051 units.

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suppose the government increases taxes. what will happen to disposable income and consumer spending? a. disposable income

Answers

When the government increases taxes, disposable income and consumer spending will both be c) falls.

The correct option is c) falls.

When the government increases taxes, disposable income will be reduced. This is because individuals have to pay a larger amount in taxes and thus have less money to spend on other goods and services. As a result, consumer spending is likely to decrease.


Disposable income is the money that is available to be spent on goods and services after taxes are taken out. Therefore, when taxes are increased, disposable income is decreased.

Consumer spending is the total amount of money that is spent on goods and services. When disposable income is reduced, consumer spending will also be reduced. This is because people have less money to spend on the goods and services they would normally purchase.

In summary, when the government increases taxes, disposable income and consumer spending will both be reduced.

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Complete question:

Suppose the government increases taxes. What will happen to disposable income and consumer spending?

1. Disposable income

a) does not change.

b) increases.

c) falls.

., an accrual basis c corporation, reports the following amounts for the tax year. The applicable income tax rate is 30% (combined Federal, state, and global). Book income, including the items below $80,000 Interest income from City of Westerville bonds 10,000 Bribes paid to Federal inspectors 17,000 20,000 Liability for anticipated warranty costs (beginning of year) Liability for anticipated warranty costs (end of year) 25,000 a. Indicate whether the following items create temporary or permanent differences. Increase in book allowance for anticipated warranty costs Temporary Interest income from City of Westerville bonds Permanent Bribes paid to Federal inspectors Permanent b. Rubio's current tax expense is $ X.

Answers

As given: Book income, including the items below $80,000 Interest income from City of Westerville bonds 10,000 Bribes paid to Federal inspectors 17,00020,000 Liability for anticipated warranty costs (beginning of year)Liability for anticipated warranty costs (end of year) 25,000

(a) Indicate whether the following items create temporary or permanent differences. Increase in book allowance for anticipated warranty costs - Temporary. Interest income from City of Westerville bonds - Permanent. Bribes paid to Federal inspectors - Permanent.(b) Rubio's current tax expense is $ 27,600.

(Calculation: Taxable Income = Book Income - Permanent Difference Taxable Income = 80,000 - (10,000+17,000) = $ 53,000

Tax Liability = 53,000*30% = $ 15,900

Add : Increase in book allowance for anticipated warranty costs = 0 - 25,000 = -25,000 (-25,000) is subtracted because an increase in warranty allowance would reduce the taxable income hence reduce the tax liability.

Tax Expense = Tax Liability - Change in Deferred Tax Liability = 15,900 - 25,000*30% = $ 27,600. Therefore, Rubio's current tax expense is $ 27,600.

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on january 1, 2022, wheeler inc purchases a building for $800,000 and places it into service. when wheeler inc records depreciation on the building on december 31, 2022, it will increase depreciation expense and:

Answers

Deprecation is an periodic duty deduction that allows you to recoup the cost or other base of a given asset over time. This is option A.

still, 2022, the deprecation expenditure and accumulated deprecation will be increased, If Wheeler Inc records the deprecation of the structure on December 31.

deprecation is the measure of deprecation or other reduction in the value of a depreciable asset due to use, passage of time, or growing due to technological and request changes.

The accumulated deprecation increases each time as advanced deprecation costs are honored and the value of the asset decreases.

Question

January 1, 2022. Wheeler Inc buys the structure for$800,000 and uses it. However, 2022, the deprecation expenditure will increase and If Wheeler Inc records erecting deprecation on December 31.

a. increase accumulated depreciation

b. decrease the asset, Building

c. decrease cash

d. increase accounts payable.

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Inventory may be recorded at net realizable value if:
-there is a controlled market with a quoted price.
-there are no significant costs of disposal.
-the inventory or products are available for immediate delivery.
-all of these answer choices are correct.

Answers

All of these answer choices are correct in this question. Inventory may be recorded at net realizable value if,

there is a controlled market with a quoted price.there are no significant costs of disposal.the inventory or products are available for immediate delivery.

The notion of inventory includes both raw materials utilized in production and finished goods offered for sale. Inventory is one of a company's most significant assets since it is one of the primary sources of revenue generation and, as a result, a supply of earnings for the company 's investors.

Every firm relies heavily on inventory. It is defined as the collection of raw materials or finished goods that a company keeps on hand during the normal course of business. The three primary forms of inventory are raw materials, also known as any resources necessary to make completed things, work-in-progress (WIP), and finished goods, or those that are ready for sale.

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banks and airlines are examples of two industires that track competitior offers continually. this is called

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Banks and airlines are two industries that continuously track competitor offers, which is referred to as competitive intelligence.

Competitive intelligence is the method of collecting, analyzing, and distributing data and information about competitors, customers, and the broader environment to assist decision-makers in strategic planning and everyday operations.

Competitive intelligence is vital in today's business environment because of the increasing global competition, changing technology, and the need for businesses to be innovative and competitive in every aspect. The primary goal of competitive intelligence is to assist decision-makers in making informed choices by providing insight and foresight into their industry, competitors, and customers.

The following are the methods employed by companies to track their competitors' offerings:

1. Web tracking: This is one of the most common techniques used by companies to track their competitors. Companies can monitor their competitors' websites, social media channels, and other online platforms to stay up to date with their latest offerings.

2. Customer feedback: Companies can also use customer feedback to gain insight into their competitors' offerings. They can monitor online customer reviews, surveys, and feedback to get a better understanding of their customers' perceptions of their competitors.

3. Mystery shopping: This technique is commonly used by companies to gather information about their competitors' offerings. They can send employees or contractors to their competitors' stores to purchase their products or services and report back with their findings.

4. Competitor analysis: Companies can conduct competitor analysis to learn more about their competitors' offerings. They can analyze their competitors' product or service features, pricing, marketing strategies, and customer base to gain a better understanding of their position in the market.

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an institutional investor purchases $10,000 worth of three-year tips. the annual coupon rate on the note is 1.5%. six months later inflation increases by 1%. the new inflation-adjusted bond price and annual coupon payment are: a. bond price

Answers

An institutional investor purchases $10,000 worth of three-year TIPS (Treasury Inflation-Protected Securities). The annual coupon rate on the note is 1.5%. Six months later, inflation increases by 1%.


The bond price after the inflation increase will be higher than the original price. This is because TIPS are designed to adjust their principal value in response to changes in inflation. The new inflation-adjusted bond price will be $10,105. The annual coupon payment on the note will remain the same at 1.5%.


To calculate the new inflation-adjusted bond price, we must first calculate the new inflation-adjusted principal value. The formula for this is:

New Inflation-Adjusted Principal Value = Original Principal Value x (1 + Inflation Rate)

Therefore, the new inflation-adjusted principal value is:

$10,105 = $10,000 x (1 + 0.01)

The new inflation-adjusted bond price is therefore $10,105, and the annual coupon payment remains at 1.5%.

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Companies that use ______ ______ pricing establish selling prices based on the economic worth of benefits their goods and services provide to customers.

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Companies that use value-based pricing establish selling prices based on the economic worth of benefits their goods and services provide to customers.

In this approach, the focus is on the perceived value of the product rather than the cost of production or competitors' pricing strategies. To implement value-based pricing, follow these steps:

1. Understand your target customers: Research your target market and identify the specific needs and preferences of your customers.

2. Analyze your product's benefits: List the features and benefits of your product and determine how they address the needs and preferences of your target customers.

3. Determine your customers' willingness to pay: Conduct market research to determine the price that your customers are willing to pay for the benefits provided by your product.

4. Analyze your competitors: Evaluate the pricing strategies of your competitors and compare their offerings with yours.

5. Set the price: Based on the perceived value of your product and your customers' willingness to pay, establish a selling price that reflects the economic worth of the benefits your goods and services provide to customers.

Remember, value-based pricing allows companies to charge higher prices for products with greater perceived value, leading to increased profitability and customer satisfaction.

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what amount will tucson have to invest to give him one-fifth percent interest in the capital of the partnership if no goodwill or bonus is recorded?

Answers

To determine the amount Tucson will have to invest to receive one-fifth percent interest in the capital of the partnership if no goodwill or bonus is recorded, use the following formula: Investment Amount = Capital x Interest Rate. In this case, the interest rate is 0.05 (one-fifth of one percent). Therefore, the amount Tucson must invest is equal to the capital multiplied by 0.05.

The amount Tucson will have to invest to give him one-fifth percent interest in the capital of the partnership if no goodwill or bonus is recorded is not given in the question. Therefore, it cannot be answered. What is interest?

Interest refers to the amount charged by a lender to a borrower for the use of money or assets. This may be the cost of borrowing money, such as interest on a loan, or the profit a lender makes for giving a company access to its capital or assets.

What is capital?

Capital refers to the resources used to generate revenue for a company. Capital can include any financial asset used to earn income, such as cash, machinery, equipment, or property. It also includes a company's funds, such as equity and debt. In this question, the amount that Tucson needs to invest to gain one-fifth percent interest in the capital of the partnership is not given, therefore the answer to the question cannot be determined.

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