Answer and Explanation:
The Journal entry is shown below:-
a. Material Inventory Dr, $180,000
To Accounts Payable $180,000
(Being Material Purchased is recorded)
b. Work in progress Machining Dept. Dr, $73,000
Manufacturing Overheads Machining Dept. Dr, $9,000
Manufacturing Overheads Assembly Dept. Dr, $4,900
To Material Inventory $86,900
(Being Material issued to department is recorded)
c. Work in progress Machining Dept. Dr, $23,000
Work in progress Assembly Dept. $47,000
To Wages Payable $70,000
(Being Direct Labor used is recorded)
d. Manufacturing Overheads Machining Dept. Dr, $4,500
Man. Overheads Assembly Dept. Dr, $7,800
To Depreciation Expense $12,300
(Being Depreciation allocated is recorded)
e. Work in progress Machining Dept. Dr, $9,700
Work in progress Assembly Dept. Dr, $11,300
To Manufacturing Overheads Machining Dept. $9,700
To Manufacturing Overheads Assembly Dept. $11,300
(Being Factory overheads applied is recorded)
f. Work in progress Assembly Dept. Dr, $98,300
To Work in progress Machining Dept. $98,300
(Being WIP Transferred is recorded)
Finished Goods Inventory Dr, $83,400
To Work in progress Assembly Dept. $83,400
(Being Finished goods transferred is recorded)
g. Accounts Receivables Dr, $100,000
To Sales $100,000
(Being Goods sold on account is recorded)
Cost of Goods sold Dr, $68,000
To Finished Goods Inventory $68,000
(Being Goods sold is recorded)
"XYZZ ADR represents 10% of the value of an XYZZ ordinary share. The ordinary shares trade on the London Stock Exchange, where the current price is 400 British Pounds (BP). The current exchange rate for the British Pound against the U.S. Dollar is $1.40. The ordinary share pays an annualized dividend of 12 BP, with payment made semi-annually. The XYZZ ADR is listed on the NYSE. If a customer places an order to buy $560,000 of the ADR on the NYSE, how much will the customer receive in each dividend payment?"
Answer:
$8,400
Explanation:
XYZZ ADR = 10% XYZZ ordinary share
Current price of ordinary shares trade = 400 British pounds
Pounds rate against the dollar = $1.40
Annualized Dividend pay = 12 pounds paid semianually
Dividend to be received on the purchase of $560,000 worth of ADR
Therefore ;
To calculate worth of XYZZ ADR
Dollar value of £400
400 * 1.4 = $560
10% of $560 = 10* 560 = $56 per ADR
Therefore, semiannual Dividend payed :
£12 / 2 = £6 every 6 months ; which is equivalent to (£6 * 10%) = £0.6 per ADR
Equivalent dollar value :
0.6 * $1.4 = $0.84 per ADR
AMOUNT OF ORDER TO BE PLACED / price per ADR
$560,000 / $56 = 10,000 shares
Dollar value of Dividend payed per share = $0.84
Dividend customer will receive :
10,000 * $0.84 = $8,400
North Side, Inc. has no debt outstanding and a total market value of $175,000. Earnings before interest and taxes, EBIT, are projected to be $16,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 30 percent higher. If there is a recession, then EBIT will be 70 percent lower. The company is considering a $70,000 debt issue with an interest rate of 7 percent. The proceeds will be used to repurchase shares of stock. There are currently 2,500 shares outstanding and the tax rate is 34 percent. What will be the percentage change in EPS if the economy has a strong expansion?
Trina's property is listed with Avalon Homes. The market is a little slow, and Trina's listing is a high-end home, where sales are even slower. She's had several showings, but no offers. The term of the listing agreement is nearly over. What happens when the termination date is reached?
Answer: Listing expires and terminated
Explanation: In the scenario above, Avalon homes only serves to aid the sale of Trina's property and as such will not be held liable for any offense if the property isn't sold within the listing period. Avalon homes isnt responsible for either the slow nature of market at the time or the fact that Trina's property belongs to the high end category which often takes even more time to get a buyer for. Therefore, once the contract period of Trina's listing is reached, the listing expires and it's terminated unless another listing contract is struck between both parties.
Modern products lines typically ensure that the quality of durable goods remains at stable levels, but because services depend on the people who provide them, quality may vary from person to person or day to day, in what is known as the ________ of services.
Answer:
inconsistency of services
Explanation:
Inconsistency of services is one of the characteristics of services. The Inconsistency of a service refers to the fact that a service cannot be perfectly standardized so that eachservice retains exactly the same quality even if provided by same service provider. A service provider may spend and invest heavily in training staff to control quality and reduce inconsistency in quality of services but never be able to perfectly get rid of it
Palm Company gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $4,300 Deposits in transit 150 Notes receivable and interest collected by bank 850 Bank charge for check printing 20 Outstanding checks 2,000 NSF check 170 The adjusted cash balance per the books on April 30 is a.$2,280. b.$4,960. c.$3,110. d.$2,450.
Answer:
$4960
Explanation:
Given that:
Cash balance per books, 4/30 $4300
Deposits in transit 150
Notes receivable and interest collected by bank 850
Bank charge for check printing 20
Outstanding checks 2,000
NSF check 170
The adjusted cash balance per the books on April 30 can be calculated by the expression:
Adjusted cash balance per the books = Cash balance per books + Notes receivable and interest collected by bank - Bank charge for check printing - NSF check
Adjusted cash balance per the books = $4300 + 850 - 20 - 170
Adjusted cash balance per the books = $5150 - 190
Adjusted cash balance per the books = $4960
Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on the company’s equipment for the year is $11,440. The Office Supplies account had a $350 debit balance at the beginning of the year. During the year, $5,367 of office supplies are purchased. A physical count of supplies at December 31 shows $587 of supplies available. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,800 of unexpired insurance benefits remain at December 31. The company has earned (but not recorded) $700 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. The company has a bank loan and has incurred (but not recorded) interest expense of $5,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31.
Answer:
wages expense 8,000 debit
wages payables 8,000 credit
----------------------------------------------------
depreciation expense 11,440 debit
accumulated depreciation equipment 11,440 credit
----------------------------------------------------
supplies expense 5,130 debit
supplies 5,130 credit
----------------------------------------------------
Insurance expense 3,200 debit
Prepaid Insurance 3,200 credit
----------------------------------------------------
Interest Receivables 700 debit
Interest Revenue 700 credit
----------------------------------------------------
interest expense 5,000 debit
Interest payable 5,000 credit
----------------------------------------------------
Explanation:
We follow the accountign rinciples: Debit = Credit
And one line per account
and all accounts posted must have a balance
Additional calculations:
Supplies
beginning + purchase = used + ending
350 + 5,367 = used + 587
used supplies = 350 + 5,367 - 587 = 5,130
Insurance
Beginning unexpired - Ending unexired = expired
5,000 - 1,800 = 3,200
Herb Kelleher, founder and long-time chief executive officer of Southwest Airlines, was known for inspiring and motivating his employees. He related well to people within and outside the Southwest Airlines organization. Herb Kelleher had good ____ skills.
Answer:
Interpersonal Skills
Explanation:
Interpersonal skill is the skill that connects one person with other due to the employee's behavior which helps him to get along with others. In other words, when we talk about interpersonal skills we are actually talking about the excellent way of interacting with people that results in better relation, respect, better job environment, motivation of employees, etc.
In this case, Herb Kelleher, the CEO has better relations with his company employees as he interact with the people well which is interpersonal skills.
The following expenditures were incurred by Wildhorse Co. in purchasing land: cash price $83,000, accrued taxes $4,900, attorneys’ fees $3,400, real estate broker’s commission $1,700, and clearing and grading $3,600. What is the cost of the land? Cost of the land $enter the cost of the land in dollars
Answer: $ 96,600
Explanation:
Given, The following expenditures were incurred by Wildhorse Co. in purchasing land:
Cash price $83,000
Accrued taxes $4,900
Attorneys’ fees $3,400
Real estate broker’s commission $1,700
Clearing and grading $3,600.
Then, the cost of the land = Cash price + Accrued taxes + Attorneys’ fees + Real estate broker’s commission + Clearing and grading
= $(83,000 + 4,900 + 3,400 + 1,700 + 3,600)
= $ 96,600
Hence, Cost of the land = $ 96,600
Which of the following is an example of competitive parity? A firm provides wall clocks that its consumers value more than other wall clocks. A firm sells wall clocks at a lower price than its competitors. A firm produces a similar number of wall clocks at a similar cost as its competitors. A firm manufactures higher-quality wall clocks than its competitors.
Answer:
A firm produces a similar number of wall clocks at a similar cost as its competitors.
Explanation:
Competitive parity, as the name implies, is a situation in which a firm has a similar good or service to that of its competitors. These similarities can manifest in quality, cost, or both.
Im this case, if a firm produces a similar quantity of wall clocks, and sells them at a similar price, then, this firm has a competitive parity with its competitors.
The cost to manufacture one unit of Killian Audio Products' best-selling hearing aid, the Zone, is $67.50. The CFO of the company determines that if the company expands the output of its biggest U.S. plant by 20 percent, the unit cost would be only $42.50. This analysis is based on the concept of
Answer:
Economies of scale
Explanation:
Economies of scale refers to reducing total costs per unit by increasing total output. All companies have certain fixed costs, some companies have higher fixed costs than others, but they always exist. When you are producing something, the cost equation is production costs = variable costs per unit + average fixed costs per unit.
Variable costs vary directly with output, while fixed costs do not, e.g. salaries can be fixed, depreciation, rent, interests, etc. The higher the output, the lower the average fixed cost per unit.
Also, sometimes variable costs can also decrease as total output increases. E.g. you can get higher discounts for purchasing larger quantities of materials and supplies.
Suppose that total sales in an industry in a particular year are $600 million and sales by the top four sellers are $200 million, $150 million, $100 million, and $50 million, respectively. We can conclude that:__________.
A. price leadership exists in this industry
B. the concentration ratio is more than 80 percent.
C. the firms in this industry face a kinked demand curve.
D. this industry is a differentiated oligopoly.
Answer: A: price leadership exists in this industry
Explanation:
hope this helps
Suppose that the total sales in an industry in a particular year are $600 million and sales by the top four sellers are $200 million, $150 million, $100 million, and $50 million, respectively. From this we can conclude that the concentration ratio is more than 80 percent. Thus option (B) is correct.
What is the Concentration ratio?The concentration ratio is calculated as the sum of the market share percentage held by the largest specified number of firms in an industry.
The concentration ratio ranges from 0% to 100%, and an industry's concentration ratio indicates the degree of competition in the industry.
A concentration ratio that rages from 0% to 50% may indicate that the industry is perfectly competitive and is considered a low concentration.
Learn more about the Concentration ratio here: here:https://brainly.com/question/29351872
#SPJ6
When a user fills out an online form, but makes an error and the data is not immediately accepted (until the input error is corrected), if the system clears all the fields and requires the user to start over, this is an example of violating the principle of ______.
Answer:
protecting the user's work
Explanation:
this is an example of violating the principle of protecting the user's work. By clearing and requiring user to start all over a violation to the user occurs. users should be helped to protect themselves online, because their personal data can be easily tracked and breached while users are trapped trying to start over with inputting details.
Which of the following is true of the strategic trade theory? a. It advocates complete deregulation of international trade. b. It explains patterns of trade based on factor endowments. c. It provides direct policy advice. d. It is the first theory to account for dynamic changes in trade patterns.
Answer: c. It provides direct policy advice
Explanation:
Strategic trade policy is a government policy whereby the excess profit that an oligopolistic international market generates will be shifted towards the firms that are in the home country.
The argument for strategic trade policy is that it help companies to take advantage of the economies of scale and also provides direct policy advice.
Zoe is a manager at a large company engaged in the acquisition of a smaller company. The smaller company has operated at a loss for the last three years under three different managers, but Zoe is convinced that she can turn the company around despite the evidence to the contrary. Zoe is engaging in ______.
Answer:
managerial hubris
Explanation:
From the scenario that is being described, it can be said that Zoe is engaging in managerial hubris. This term refers to the unrealistic belief help by a manager that they have the ability to manage an asset of a target firm far more efficiently than that firm's current or previous management, without any actual proof or planning. This is exactly what Zoe seems to be doing by stating that she can make the smaller company profitable even though three previous managers failed to do so.
Put'er There manufactures baseball gloves. Each glove requires $22 of direct materials and $18 of direct labor. Variable manufacturing overhead cost is $7 per unit and fixed manufacturing overhead cost is $19,000 in total. Variable selling and administrative costs are $11 per unit sold and fixed selling and administrative costs are $13,200. Last period, 800 gloves were produced, and 585 gloves were sold. The unit product cost is:_______.
a. $70.75 per unit.
b. $47 per unit.
c. $58 per unit.
d. $81.75 per unit.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Each glove requires $22 of direct materials and $18 of direct labor. Variable manufacturing overhead cost is $7 per unit and fixed manufacturing overhead cost is $19,000 in total.
There are two methods to calculate the unitary production costs. The variable costing method and the absorption costing method.
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Variable costing method:
Unitary product cost= 22 + 18 + 7= $47
Absorption costing method:
Unitary fixed costs= 19,000/800= 23.75
Unitary product cost= 47 + 23.75= $70.75
ACold Inc. Is a frozen-food distributor with 10 warehouses across the country. Ivan Tory, one of the warehouse managers, wants to make sure that the inventory policies used by the warehouse are minimizing inventory while still maintaining quick delivery to ACold's customers. Because the warehouse carries hundreds of different products, Ivan decided to study one. He picked Caruso's Frozen Pizza (CFP). Demand for CFPs averages 400 per day with a standard deviation of 152. Because ACold orders at least one truck from its supplier each day, ACold can essentially order any quantity of CFP it wants each day. In fact, ACold's computer system is designed to implement an order-up-to policy for each product. Ivan notes that any order for CFPs arrives four days after the order.
ACold Inc. Is a frozen-food distributor with 10 warehouses across the country. Ivan Tory, one of the warehouse managers, wants to make sure that the inventory policies used by the warehouse are minimizing inventory while still maintaining quick delivery to ACold's customers. Because the warehouse carries hundreds of different products, Ivan decided to study one. He picked Caruso's Frozen Pizza (CFP). Demand for CFPs averages 400 per day with a standard deviation of 152. Because ACold orders at least one truck from its supplier each day, ACold can essentially order any quantity of CFP it wants each day. In fact, ACold's computer system is designed to implement an order-up-to policy for each product. Ivan notes that any order for CFPs arrives four days after the order.
Suppose it uses an order up to level of 2410. What is its expected on-hand inventory?
Answer:
The expected Inventory on -hand = 429.074
Explanation:
From the given information;
Mean i,e Demand for CFPs averages = 400 per day
standard deviation = 152
Lead TIme = 4 days
period length = ACold Inc. orders at least one truck from its supplier each day,
Let consider the fact that the order is up to level of S = 2410
Then, the expected demand for the lead time is;
[tex]\mu[/tex] = Demand × (Lead time + period length)
[tex]\mu[/tex] = 400 × ( 4 + 1)
[tex]\mu[/tex] = 400 × 5
[tex]\mu[/tex] = 2000
the standard deviation for the lead time as well is :
[tex]\sigma[/tex] = standard deviation sd[tex]\sqrt{lead \ time \times period \ length }[/tex]
[tex]\sigma[/tex] = [tex]152 \sqrt{4+1}[/tex]
[tex]\sigma[/tex] = [tex]152 \sqrt{5}[/tex]
[tex]\sigma[/tex] = 339.88
The z - value for the test statistics can now be computed as:
[tex]z = \dfrac{X - \mu}{\sigma}[/tex]
[tex]z = \dfrac{2410 - 2000}{339.88}[/tex]
[tex]z = \dfrac{410}{339.88}[/tex]
[tex]z = 1.2063[/tex]
z = 1.21
The order upto level = Inventory on -hand + Inventory order - Backorders
The order upto level - Inventory order + Backorders = Inventory on -hand
Inventory on -hand = The order upto level - Inventory order + Backorders
where ;
the backorders = [tex]\sigma L(z)[/tex] and [tex]L(z)[/tex] = standard loss
From the tables of distribution function and inventory function for standard normal distribution function
L(z) = 0.0561
the backorders can now be = 340 × 0.0561
the backorders can now be = 19.074
Recall that :
Inventory on -hand = The order upto level - Inventory order + Backorders
consider the fact that the order is up to level of S = 2410
∴ Inventory on -hand = 2410 - 2000 + 19.074
Inventory on -hand = 410 + 19.074
Inventory on -hand = 429.074
A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 116% of its $1,000 par value. If the last interest payment was made 3 months ago and the coupon rate is 5.90%, the invoice price of the bond will be _________.
Answer:
1,172.50
Explanation:
Calculation for the invoice price
Since Semiannual is 6 month and the last interest payment was made 3 months ago that means we would have 3 months left.
Using this formula
Invoice price = Flat rate + Accrued interest
let plug in the formula
Invoice price = 1.16(1,000) + 25.00(3/6)
Invoice price=1,160+12.5
Invoice price=1,172.50
Therefore the invoice price will be 1,172.50
Consider the following payoff matrix facing two criminals. A: Confess A: Not Confess B: Confess A: 20yrs, B: 20yrs A: 50yrs, B: 2yrs B: Not Confess A: 2yrs, B: 50yrs A: 10yrs, B: 10yrs Their options are to confess or not to confess. Given this information:
Answer:
Both A and B have dominant strategies
Explanation:
Consider 2 players "A" and "B" in the specified game. Here, row player is "B" and column player is "A." If "B" chooses "Confess" then "Not Confess" is the optimal choice for "A," because 50 > 20, likewise if "B" chooses "Not Confess," then "Not Confess" is the optimal choice for "A," as 10 > 2. Therefore, we can see that the "Not Confess" is the dominant "A" strategy Similarly we can prove that the prevailing technique for "B" is "Not Confess" too.
Hence, we can see that both player 's approach is successful and from the above explanation, the 2nd option is correct.
You are the production manager for the toy manufacturing process at the abc company. lumber company right arrow→ abc toy manufacturing company right arrow→ toy store at the mall an example of an internal supplier is
a. the toy store at the mall.
b. the receiving department at abc.
c. the shipping department at abc.
d. the lumber company.
Answer:
b. the receiving department at abc.
Explanation:
The given production process involves a process flow from Lumber Company to ABC Toy Manufacturing to Toy Store at the Mall.
The Lumber company and Toy Store are external parties in this process, with Lumber Company being the External Supplier and Toy Store at the Mall being the External Customer.
Internally we have the Receiving Department at ABC, that receives input from the Lumber Company. Processes it and sends to the Shipping Department.
Therefore internally the Receiving Department at ABC is the supplier to the Shipping Department.
Karl knows that TrueHeart Industries prides itself on using green processes to reduce its impact on the environment. During his interview with the hiring manager at TrueHeart, Karl recounted a story about the recycling program he set up in his dormitory at the university. By doing so, Karl was communicating to his potential employer that he has
Answer: character
Explanation:
From the question, we are informed that Karl knows that TrueHeart Industries prides itself on using green processes to reduce its impact on the environment and that during his interview with the hiring manager at TrueHeart, Karl recounted a story about the recycling program he set up in his dormitory at the university.
By doing so, Karl was communicating to his potential employer that he has character. Doing this will help leave a positive impression on the hiring manager.
The balance sheet of ABC reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on assets for the year is 10%. What is ABC's net income for the year?
Answer:
ABC net income for the year is $42,500
Explanation:
Beginning total assets = $400,000
Ending total assets = $450,000
Average total assets = Beginning total assets + Ending total assets ÷ 2
= ($400,000 + $450,000) ÷ 2
= $425,000
Return on assets = 10%
Therefore,
Net income ÷ Average total assets = Return on assets
Net income = Return on assets × Average total assets
Net income = 0.1 × Average total assets
= $425,000 × 0.1
= $42,500
A higher return on assets (ROA) means that the company is more efficient and more productive in controlling its balance sheet to generate profits.
What is a Return on Assets (ROA)?The term return on assets (ROA) refers to a financial measure that shows how much a company makes a profit compared to the total amount of its assets.
Business executives, analysts, and investors can use the ROA to determine how well a company uses its assets to make a profit.
Higher return on assets (ROA) means that the company is more efficient and more productive while a lower ROA indicates that there is room for improvement.
The formula for calculation of ROA:
[tex]\rm\,Return \; on \;Assets = \frac{Net \; Income}{Total \;Assets} \\\\As \;per \;the \;given \; information:\\\\10\% = \frac{Net \;Income}{\frac{\$400,000 + \$450,000}{2} } \\\\Net \;Income = \$42,500[/tex]
Hence, the Net Income of ABC's for the year is equal to $42,500.
To learn more about net income, refer:
https://brainly.com/question/17562364
although the collapse of prices on the new york stock exchange in october 1929 caused severe problems in the united states, it also had immediate and disastrous consequences in europe because
porque al tener una quiebra del mercado de valores de Nueva York, llevo a una deflación haciendo que esta gran potencia no ayude a los otros países económicamente produciendo estas consecuencias en Europa y otros países del mundo que recibían ayuda de esta gran potencia (EEUU)
In _____ technology, raw materials are transformed to a finished product by a series of machine transformations in such a way that the composition of the materials themselves is changed.
Answer:
Continuous process.
Explanation:
In continuous process technology, raw materials are transformed to a finished product by a series of machine transformations in such a way that the composition of the materials themselves is changed.
This ultimately implies that, the continuous process technology refers to a flow production or streamlined method that companies use to manufacture or produce such that the process of converting raw materials are done without any interruption.
It enables companies to continue to produce finished goods 24 hours a day, 7 days a week continuously nonstop.
Some examples of a continuous process technology are production of ice-cream, pasta, fruit juice, mayonnaise, tomato sauce etc.
This type of production method helps companies to reduce wastage, increase efficiency and meet consumer demand in a timely manner as the process of producing finished goods occur concurrently.
PLEASE HELP Create a graph to show the effect (shortage or surplus) of raising the minimum wage. Discuss why these issues do or do not affect your claim(My claim is that we should raise minimum wage). Include the appropriate labels for your graph such as: price quantity supply demand surplus or shortage
Answer:
Raising the minimum wage has the effect of producing an excess supply of workers, because the wage is set at a price where supply of workers is higher than the demand of firms for hiring them, and since the wage is not allowed to go any lower, this excess supply remains unsolved.
This situation affects low-skilled workers in particular, and those who are not as productive to be paid the minimum wage, are essentially left out of the labor market.
Demand and supply are the two important factors of the market that determines the economic activities as well as the production and distribution series of the firms.
Demand has an inverse relationship with price and price has a positive relationship with supply. When the price of the quantity goes high, the demand for the quantity decreases, and the supply increases with the increase in price.
In the case of the laborers and the wage. The availability of the labor or the demand of the labor is more and the supply is less, the wages will be high and on the other hand, when the labor will be less demanded and the supply is more, the wages will be less. This is also the minimum higher wage policy of the firms.
The graph has been attached below to analyze the surplus supply.
To know more about the shortage or surplus, refer to the link below:
https://brainly.com/question/6672674
Jones Electric Motors uses a Kanban system to make motors for several garage door companies in the southeastern United States. The daily demand for motor housings used in manufacturing is 100 units. The average waiting time for a container of parts is 0.2 day. The processing time for a container of housings is 0.1 day, and a container holds 5 housings. If Jones wishes to use a 10% policy variable, how many containers are needed
Answer:
7 kanban containers are required
Explanation:
Given the following information :
Average Waiting time for containers = 0.2 days
Average processing time = 0.1 days / container
Daily usage (Demand rate) = 100 per day
Container capacity = 5 housings
Policy variable ( Alpha) = 10% = 0.1%
The required number of Kanban containers required by Jones Electric Motor can be calculated thus :
[Number of containers(x) * container size] = (Demand rate (waiting time + processing time)*(1 + alpha))
x * 5 = (100 * (0.2 + 0.1)*(1 + 0.1))
5x = [100 * (0.3)*(1.1)]
5x = [100 * 0.33]
5x = 33
x = 33 / 5
x = 6.6 containers
x = 7
Philip's Inc. reports stockholders' equity on its financial statements. The two items reported in the stockholders' equity section of Philip's balance sheet are ________ Capital and Retained Earnings.
Answer:
Paid-in capital.
Explanation:
Philip's Inc. reports stockholders' equity on its financial statements. The two items reported in the stockholders' equity section of Philip's balance sheet are paid-in Capital and Retained Earnings.
In Financial accounting, Paid-in capital is one of the most essential components of the equity of a business and can be defined as the payments received in full (cash or assets) from shareholders (creditors or investors) in exchange for a company's stock. It comprises of common stock and preferred stock.
Long-term contracts for both warehousing and transportation requirements will be more effective if the demand and price of warehousing do not change in the future or if the price of warehousing goes up.
a) true
b) false
Answer:
true
Explanation:
long term means it will be used for a long time thus if the price is not constant and keeps rising it wont be effective
During 2014 Carne Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2015. Nolan then used the inventory as collateral to borrow from Norwalk Bank, remitting the proceeds to Carne. In 2015 when Carne repurchased the inventory, Nolan used the proceeds to repay its bank loan.
On whose books should the cost of the inventory appear at the December 31, 2014balance sheet date?
a. Carne Corporation
b. Nolan Corporation
c. Norwalk Bank
d. Nolan Corporation, with Carne making appropriate note disclosure of the transaction
Answer:a. Carne Corporation rtdfrtfv xcvbn
Explanation:
Nolan then used the inventory as collateral to borrow from Norwalk Bank, remitting the proceeds to Carne.
Here, goods are temporarily transferred to Nolan corporation to handle financial requirements and agreed to repurchase the merchandise early in 2015, thus the cost inventory will be recorded by Carne corporation.
This is a kind of product financing arrangement.
Hence, the cost of the inventory will appear Carne Corporation at the December 31, 2014 balance sheet date.
Thus, the correct option is a. Carne Corporation.
14. Two alternative measures of the overall level of prices are a. the inflation rate and the consumer price index. b. the inflation rate and the GDP deflator. c. the GDP deflator and the consumer price index. d. the cost of living index and nominal GDP
Answer:
c. the GDP deflator and the consumer price index.
Explanation:
Two alternative measures of the overall level of prices are the GDP deflator and the consumer price index.
The GDP deflator can be defined as a measure of the changes in prices for all of the finished goods and services produced domestically in an economy in a particular period of time, usually a year. This simply means that, the gross domestic product deflator measures the inflation in an economy.
Consumer price index (CPI) can be defined as a measure of the aggregate or average changes in price level of a weighted market basket of finished goods and services that consumers purchased over a specific period of time. The CPI is also a measure of the inflation in an economy over a specific period of time.
Ted is risk manager of XYZ Company. He is concerned his company might be sued by current or former employees alleging wrongful termination, failure to promote, racial or gender discrimination, or sexual harassment. What type of liability insurance can Ted purchase to cover these types of claims
Answer: Employment-related practices liability insurance
Explanation:
Employment practices liability is a law that deals with wrongful termination, discrimination, sexual harrassment issues, invasion of privacy, breach of contracg, work time violations.
This rule was introduced to help employees to be able to have a say when being abused by their employers and also to help employees not to ride on employees but respect their choice of working for them, failure to do so on the side of each party would draw this law into action.