Using the multiplicative seasonal model, the projected demand for George’s sailboats in spring of year 5 is approximately 6,890 sailboats when the forecasted annual demand is given as 5,600 sailboats.
Explanation:To project the demand for George's sailboats in the spring of year 5 using a multiplicative seasonal model, we must first calculate the seasonal index for each season and then adjust the forecasted annual demand accordingly.
Steps to Calculate Seasonal Index:Find the average demand for each season over the past years.Calculate the average demand per season divided by the overall average demand across all seasons and years to get the seasonal index.Use the forecasted annual demand and multiply it by the seasonal index for spring to estimate spring's demand for year 5.Let's illustrate with the provided data:
Total demand over four years = (1,400+1,200+1,000+900) + (1,500+1,400+1,600+1,500) + (1,000+2,100+2,000+1,900) + (600+750+650+500) = 19,500.Total number of seasons = 4 years * 4 seasons/year = 16.Average demand per season = 19,500 / 16 = 1,218.75.Spring demand over four years = 1,500+1,400+1,600+1,500 = 6,000.Average spring demand = 6,000 / 4 = 1,500.Seasonal index for spring = Average spring demand / Average demand per season = 1,500 / 1,218.75 ≈ 1.2305.Forecasted annual demand for year 5 = 5,600.Projected spring demand for year 5 = Forecasted annual demand * Seasonal index for spring = 5,600 * 1.2305 ≈ 6,890 sailboats.Therefore, the predicted demand level for George’s sailboats in the spring of year 5, according to the multiplicative seasonal model, will be approximately 6,890 sailboats.
Norman Co. wants to purchase a machine for $40,000, but needs to earn an 8% return. The expected year-end net cash flows are $12,000 in each of the first three years, and $16,000 in the fourth year. What is the machine's net present value (round to the nearest whole dollar)?
Answer:
Year Cashflow D@8% PV
$ $
0 (40,000) 1 (40,000)
1 12,000 0.9259 11,111
2 12,000 0.8573 10,288
3 12,000 0.7938 9,526
4 16,000 0.7350 11,760
NPV 2,685
Explanation:
Net present value is the difference between present value of cash inflows and initial outlay. The present value of cash inflows were obtained by multiplying the cash inflows by discount factors. The discount factors were calculated using the formula (1 + r)-n, where n represents number of years and r denotes discount rate.
Regarding economic growth, which of the following is true?
(A) In recent decades, the rich countries of the world have consistently grown more rapidly than poor countries.
(B) No LDC was able to achieve a more rapid growth rate than the United States during the 1980 through 2005 period.
(C) During recent decades, most LDCs have stagnated economically.
(D) During 1980 through 2005, the fastest growing countries in the world were mostly LDCs.
Answer: The answer is D
Explanation:
Economic growth can be defined as an increase in Gross National product (GNP) of a country, or an increase in the national income or output of a country. It is a steady process of increasing the productive capacity of the economy. The increase in the output per head is the major determinant of the standard of living. The economic growth can be influenced by the following factors which are
Labour force : The quality of labour force is a critical factor in the determination of economic growth of a country. The quality of labour force of a country must be improved, in the sense that, faster economic growth requires an efficient system of industrial training which are lacking in developing countries.
The rate of investment : This is the increase in the stock of capital in relation to labour and land which will raise the level of productivity. The rate of capital accumulation depends on the level of preparedness of the people to sacrifice current consumption for future investment in the economy as a result of savings. The level of investment in infrastructural facilities will have more impact in raising output per head which is absent in developing countries.
Improvement in technology : This is the introduction of new and better machines for production of goods. It is the introduction of new and cheaper ways of doing things.It is one of the major driving force of economic growth which is also lacking in developing countries of the world.
Availability of natural resources : The existence of natural resources within a country is a matter of luck. The extent to which a country is able to discover and exploit its mineral resources will determine economic growth. While most developing countries are blessed with natural resources such as crude oil, gold, bitumen, and so on. The problems they have is the exploitation of these natural resources in a way that will drive economic growth.
Tyler purchased a home eight months ago for $160,000. The assessed value of his home is $120,000 and the appraised level currently is $167,000. What amount will Tyler's real estate taxes be based on?
Tyler's real estate taxes will be based on the assessed value of his home, which is $120,000.
Explanation:The amount of Tyler's real estate taxes will be based on the assessed value of his home. In this case, the assessed value is $120,000. Real estate taxes are usually calculated based on a percentage of the assessed value, known as the tax rate. For example, if the tax rate is 1%, then Tyler's real estate taxes would be $1,200 (1% of $120,000). However, the specific tax rate depends on the local municipality and may vary.
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Alan Meer inherits a hotel from his grandmother, Mary, on February 11 of the current year. Mary bought the hotel for $730,000 three years ago. Mary deducted $27,000 of cost recovery on the hotel before her death. The fair market value of the hotel in February is $725,000. (Assume that the alternative valuation date is not used.)A. What is Alan’s adjusted basis in the hotel?B. If the fair market value of the hotel at the time of Mary’s death was $500,000, what is Alan’s basis?
Final answer:
Alan's adjusted basis in the hotel would be $725,000, which is the fair market value at the time of Mary's death. If the fair market value was $500,000 instead, Alan's basis would be this lower amount. Neither the original purchase price nor previous cost recovery affects Alan's basis.
Explanation:
Basis in Inherited Property
The adjusted basis for tax purposes in inherited property is typically the fair market value of the property at the date of the previous owner's death. In this case, the adjusted basis for Alan in the hotel would be the fair market value at the time of Mary's death, which is $725,000. This assumes that there has not been any depreciation recapture or other adjustments since the time of inheritance.
If, however, the fair market value were $500,000 at the time of Mary's death, then Alan's basis in the hotel would be $500,000. It's important to note that the purchase price or cost recovery deductions prior to Mary's death are generally irrelevant to Alan's basis on the inherited property.
In the given comparisons, Freda and Ben illustrate different scenarios of property ownership and value appreciation. Freda's situation shows a straightforward appreciation in property value from the purchase price, whereas Ben demonstrates an appreciation in property value coupled with a reduction of mortgage liability.
A new shop wants to sell Muffins, the sell price is 2.5 dollars per unit. The cost for production is 1 dollar per unit. At the first day, they made 2000 units, however, they overestimated the demand, so they had to resell the rest to other shops 0. 5 per muffin, under this condition, the first day’s profit was at breakeven point. The second day, the boss changed the number of productions based on the first day’s sale.And plan to set "buy one get a free one" strategy to attract customers. Since the muffins’ good taste, a lot of customers came back to buy muffins again and brought their friends asnew customers, so 100 of the customers did not get the muffins, per muffins loss is 2 dollars. The second day’s profit is 400 dollars. How many changes on the two day’ production?g
Answer:
The price went from 2.50 dollar per unit to 1.25
And quantity sold of first hand muffin increase from 500 to 1,600
Explanation:
First day:
We build the equation and solve considering:
a= first hand muffin sold at 2.5 dollar
b = left-over sold at 0.5 dollar
considering the shop made 2,000 muffin and the cost is 1 dollar per muffin:
quantities equation: a + b = 2,000
price equation: 2.5a + 0.5b = 2,000
2.5(2,000 - b) + 0.5b = 2,000
5,000 - 2.5b + 0.5b = 2,000
3,000/2 = b = 1,500
a = 2,000 - b = 2,000 - 1,500 = 500
It sale 500 dollar of muffin at 2.5 and 1,500 at 0.5 getting a total of 2,000 revenue to cover the cost.
Second day:
There is a decrease in price to 1.25 per muffin
This generates a profit of 400 dollar thus:
(sales price less cost) x quantity = profit
(1.25 - 1) x a = 400
a = 400/0.25 = 1,600
Answer:
The price went from 2.50 dollar per unit to 1.25
1. How is GE changing its business strategy and business model? What is the role of information technology in GE’s business? 2. On what business functions and level of decision-making is GE focusing? 3. Describe three kinds of decisions that can be supported using Predix. What is the value to the firm of each of those decisions? Explain. 4. To what extent is GE becoming a software company? Explain your answer.
Answer:
See explanation section.
Explanation:
Requirement 1
General Electric (GE) is always helping people with a variety of modern technology. Therefore, its main aim is to focus on technology that assists the world with a faster data collection medium. The company is converting its business towards technology. With the help of Jet engines and oil-refining material, it can generate electric power. The cloud-based software changed the whole company. Now, the company is monitoring only about technology to become a successful software servicing company.
Requirement 2
As the future of the world is getting modernized, General Electric company is focusing on software and the Internet of Things. GE is trying to take its customers base from traditional on-site manufacturing to digital software-based operations. The launch of sensor-generating data has revolutionized the success. Using cloud-based data make the company more productive and reliable. The overall thinking towards the future is superlative.
Requirement 3
General Electric company launched Predix in 2015 to accumulate data. The three decisions to use Predix are -
1. As Predix can operate on each cloud infrastructure, it can provide sensor and analyze the data quite quickly.
2. Since Predix is a high standard cloud-based protocol, it enables customers to join quickly to the mechanical market.
3. With the help of Predix, each customer can adjust the size and range of the current levels of use to understand their requirements.
Requirement 4
People like to use from all over the world, General Electric (GE) equipment. They also like to mix that equipment with other companies' equipment to produce a high-qualified machine. As people are using more GE equipment with others, it is discussing the customers to handle the GE related equipment for a permanent basis. Therefore, it is becoming a software company.
The way in which GE is changing its business strategy and model is to make different technology and the aim is to provide a faster data collection medium.
What is Business Model?
This refers to the general plan for the successful running of a business and the identification of customer base and sources of revenue.
Hence, we can see that the decision-making that GE focuses on is the use of software and they make use of Predix to take advantage of cloud technology to push their business to more users.
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Victor's Vacuum Sales Co. sells high quality vacuums and provides a one-year warranty on all new sales. Based on history, Victor anticipates that 3% of vacuums will be returned at a cost of $30 per vacuum. During the month, Victor sold 100 vacuums for a total of $35,000. At the end of the month, Victor will record _______ in Warranty Expense.
Answer:
$90
Explanation:
Victor's Vacuum Sales Co. sells high quality vacuums and provides a one-year warranty on all new sales. Based on history, Victor anticipates that 3% of vacuums will be returned at a cost of $30 per vacuum. During the month, Victor sold 100 vacuums for a total of $35,000. At the end of the month, Victor will record $90 in Warranty Expense.
100 x .03 x $30 = $90
Based on Victor's estimates, they will record $90 in Warranty Expense for the month, calculated by multiplying the expected number of returns (3% of 100 vacuums sold) by the cost of each return ($30).
Explanation:Victor's Vacuum Sales Co. will record a Warranty Expense based on their projection of faulty units which is 3% of their total sales. They sold 100 vacuums this month, so they anticipate that 3 vacuums will be returned under warranty. As the projected cost to repair a vacuum under warranty is $30, the company would calculate their warranty expense by multiplying the anticipated number of returns (3) by the cost per return ($30), which equals $90. So, at the end of the month, Victor will record $90 as Warranty Expense.
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Which of the following is not an objective of the Securities and Exchange Commission?
A. Maintain integrity of the securities markets
B. Regulate major participants in securities markets
C. Advise investors about which particular stocks are good buys
D. Require firms to provide specific information to investors
Answer: C. Advise investors about which particular stocks are good buys
Explanation:
The Security and Exchange Commission (SEC) is a United states independent federal government agency or organization that is saddled with the responsibility of protecting investors and maintaining fairness, orderliness and equity in the security market, they also help to facilitate the formation of capital. SEC was created in 1934 by the congress as an agency that will help the federal government regulate the security market.
It is an organization that protects investors from being manipulated or defrauded in the security market.
Current operating income for Bay Area Cycles Co. is $34,000. Selling price per unit is $100, the contribution margin ratio is 25%, and fixed expense is $136,000. Required:1. Calculate Bay Area Cycle’s breakeven point in units and total sales dollars.
The breakeven point for Bay Area Cycles Co. is 5,440 units, which equates to $544,000 in total sales dollars.
To calculate Bay Area Cycle's breakeven point in units, we need to use the formula:
Determine the contribution margin per unit by dividing the contribution margin ratio by the selling price per unit. In this case, the contribution margin per unit would be $100 ×25% = $25 per unit.
Calculate the breakeven point in units by dividing the total fixed expense by the contribution margin per unit. For Bay Area Cycles Co., this would be [tex]\frac{136000}{25}[/tex] = 5,440 units.
To calculate the breakeven point in total sales dollars, multiply the breakeven point in units by the selling price per unit. Hence, the breakeven point in total sales dollars is 5,440 units ×$100 = $544,000.
On January 1, 2016, Pharoah Co. purchased a patent for $1,680,875. The patent is being amortized over its remaining legal life of 15 years expiring on January 1, 2031. During 2019, Pharoah determined that the economic benefits of the patent would not last longer than 10 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2019
Answer:
$1,152,600.00
Explanation:
Given
Cost of purchase = $1,680,875
Initial useful life = 15 years
Yearly amortization expense = $1,680,875/15
= $112,058.33
Between January 1, 2016 and 2018, the amount amortized
= $112,058.33 × 3
= $336,175.00
Net book value as at the beginning of 2019 = $1,680,875 - $336,175.00
= $ 1,344,700.00
Since during 2019, Pharoah determined that the economic benefits of the patent would not last longer than 10 years from the date of acquisition, it means the patent can only be amortized for 7 more years (10 - 3).
Therefore amortization charge for 2019
= $1,344,700.00/7
= $192,100
Net book value of patent at 31 December 2019 (net of accumulated amortization)
= $1,344,700.00 - $192,100.00
= $1,152,600.00
Based upon acquiring equity or wealth, purchasing a car is to purchasing a home as leasing a car is toa. improving a house.b. repairing a house.c. buying a condominium.d. joining a cooperative.e. renting an apartment.
Answer:
renting an apartment
Explanation:
A lease refers to a business agreement that allows for a resource to be used by the lessee (user) to compensate the lessor (owner). Land, houses, and automobiles are commonly leased assets. In addition, manufacturing or business machinery is rented.
A lease agreement , generally speaking, relates to a contract around two sides, the leaseholder and the tenant. The lessor is indeed the rightful holder of the commodity; in exchange for periodic rental pays, the lessee gets the opportunity to use the resource.
The lessee, therefore, intends to comply with different conditions with respect to their being the estate or facilities. Thus, from the above we can conclude that the correct option is E.
A company's overhead rate is 60% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory Finished Goods Inventory DR CR DR CR Beg. Bal. 100,800 Beg. Bal. 118,200 D.M. ? 324,800 301,000 D.L. ? O.H. ? F.G. ? End. Bal. 131,040 End. Bal. 142,000 Factory Overhead DR CR 93,240 90,720
Answer:
Materials used in production 113,120
Explanation:
The credited overehad will be 60% of direct labor
thus: 90,720/0.6 = 151,200 direct labor
Then debit for finished good is the WIP completed during the period so we can use it to solbe for material now:
Beginning WIP 100,800
Materials X
Labor 151,200
Overhead 90,720
Transferred-out (324,800)
Ending WIP 131,040
Materials = Ending WIP + transferred-out - DL - MO
Materials = 113,120
Jada converted her personal residence to rental property in 2018. She purchased the property in 2014 for $110,000, of which $10,000 was allocable to the land. Unfortunately, property values in her neighborhood have declined over the past few years. On the date of conversion, the fair market value of the property was $98,000; $10,000 was allocated to the land. Jada's basis for depreciation in the property is:
Personal property that has no intrinsic value is called __________.
Answer:
a)Jada's basis for depreciation in the property is NIL.
b) Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.
Explanation:
Due to a decline in the property values over the past few years Jada has converted her personal residence to rental property and/or investment property which is a subject dealt within IAS 40 (Investment property).
According to IAS 40 an investment property is land or building held to earn rentals or for capital appreciation or both rather than use in the entity. IAS 40 requires to initially measure investment property at cost and subsequently may either measure at cost or fair value model. Fair value is normally established by prevailing market prices.
IAS 40 also mentions that if an asset is revalued to fair value the gain and loss should be recorded in statement of profit and loss and 'NO DEPRECIATION IS CHARGED ON THE ASSET AFTER THE FAIR VALUE MEASUREMENT'.
Therefore, following the instructions laid out by IAS 40 Jada's basis for depreciation in the property is NIL.
2) Personal property with no intrinsic value:
Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.
Lets first understand what intrinsic value is. Intrinsic value of an asset refers to the market led and/or market-driven price of that asset. This means those assets which don't have an active market for sale and purchase will have no intrinsic value. This is absolutely the case with intangible assets, because most intangible assets are unique and uncommon, such as, GOODWILL, PATENTS, COPYRIGHTS, therefore due to the uniqueness and exclusivity of such assets an active market place doesn't exist therefore it's hard to determine an intrinsic value for such kind of assets/ properties.
Elkhorn, Inc., which has excess capacity, received a special order for 4,000 units at a price of $15 per unit. Currently, production and sales are anticipated to be 10,000 units without considering the special order. Budget information for the current year follows.
Sales $ 190,000
Less: Cost of Goods Sold 145,000
Gross Margin $ 45,000
Cost of goods sold includes $30,000 of fixed manufacturing cost. If the special order is accepted, the company's income will:
increase by $2,000.
decrease by $14,000.
decrease by $2,000.
increase by $14,000.
None of the answers is correct.
Answer:
The company's income will increase by $14,000.
Explanation:
Cost of goods sold per unit excludes fixed manufacturing cost:
($145,000 - $30,000)/10,000 = $11.5
If the special order is accepted:
Sales revenue of the special order = 4,000 x $15 = $60,000
Cost of good sold of the special order = 4,000 x $11.5 = $46,000
Fixed manufacturing cost does not change after the special order is accepted.
Income from the special order = $60,000 - $46,000 = $14,000
The company's income will increase by $14,000.
Johnson Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $50,000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value PV of an Annuity
Year of 1 at 8% of 1 at 8%
1 .926 .926
2 .857 1.783
3 .794 2.577
4 .735 3.312
5 .681 3.993
Select one:
a. $125,910.
b. $165,600.
c. $199,650.
d. $34,050.
Answer:
The answer is c. $199,650.
Explanation:
The most that Johnson would be willing to spend initially on this project is equal to the net present value of the cost savings the project generates discounted at the required rate of return of 8%.
As the project generates 5 equal annual cost saving, each at $50,000 annually, the net present value of the cost savings the project generates is calculated as:
Annual cost saving x Present value factor = 50,000 x 3.993 = $199,650. which is also the most that Johnson would be willing to spend initially on this project as explained above.
Thus, the answer is c. $199,650.
Final answer:
The most that Johnson Corp. would be willing to spend on this project is $199,650.
Explanation:
The present value of an annuity is calculated by multiplying the annual cash flow by the present value factor for each year and then summing up these values. In this case, the annual cash flow is $50,000 and the required rate of return is 8%. Using the given present value factor for each year, we can calculate the present value of the annuity as follows:
The total present value of the annuity is $199,650 (c. $199,650). Therefore, the most that Johnson Corp. would be willing to spend on this project is $199,650.
I would like to take this opportunity to inform you that the changes to your account will post soon.
1) I am taking this opportunity to inform you that changes to your account will post on Tuesday.
2) As per your verbal instruction, changes to your account will post on Tuesday.
3) The changes to your account will post on Tuesday.
Answer: 2) As per your verbal instruction, changes to your account will post on Tuesday.
Explanation: This sounds the most professional and businesslike.
Hope this helps! :)
Answer:
3) The changes to your account will post on Tuesday.
Explanation:
The sentence “The changes to your account will post on Tuesday” is short, simple, and to the point. It is written to express, not to impress. The other two options are wordy and unclear. To improve clarity, apply the KISS (keep it short and simple) formula to writing business messages.
Suppose an industry has a four-firm concentration ratio of 20 percent and a Herfindahl index of 600. According to the cartel model, the industry would be more likely to have: a. a price war. b. either a monopolistic or a competitive price, depending on barriers to entry and exit. c. a competitive price. d. a monopolistic price.
Answer:
a competitive price
Explanation:
a competitive price
A four firm concentration ratio being just 20% shows and it is not mentioning any monopoly. Also a Herfindahl index of 600 is considered low
therefore a firm in mentioned industry likely to have a competitive price as lot of firms are competing with same market shares.
competitive price is referred to that tactics where all competitor sells all items at same price.
There is a 15 percent probability the economy will boom; otherwise, it will be normal. Stock G should return 15 percent in a boom and 8 percent in a normal economy. Stock H should return 9 percent in a boom and 6 percent otherwise. What is the variance of a portfolio consisting of $3,500 in Stock G and $6,500 in Stock H?
A) .000209
B) .000247
C) .002098
D) .037026
E) .073600
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Selective Listening Exercise: You will need to complete this exercise with another person. Create a list of like items (e.g., a list of fruits). This list needs to be at least 15 words long (the longer the better). In this list, you will repeat certain words. For example: Banana, Orange, Apple, Peach, Banana, Figs, Pear, Plums, Figs, Berries, Melons, Figs, Cherries, Limes, Pear, Tangerine, Lemon, Pear. Give the other person 30 seconds to write down as many of the words as possible. What were the results? What conclusions about listening can you draw from this exercise?
Answer:
In the description.
Explanation:
For this exercise, I selected the following list of school subjects:
Math, languages, physics, biology, philosophy, mathematics, Spanish, philosophy, geography, literature, technology, biology, calculus, ethics, electronics, philosophy, literature.
The person with whom I did this exercise wrote the following subjects: mathematics, physics, calculus, electronics, biology, technology.
From this exercise and with respect to selective listening, we can then conclude that the subjects that the other person is able to retain and write quickly (during the first 30 seconds) are those that directly interest him or draw his attention, leaving aside those that are not very attractive to his taste.
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 44,500 $ 55,000 Work in process 10,500 21,900 Finished goods 64,500 38,600 Activities and information for May Raw materials purchases (paid with cash) 213,000 Factory payroll (paid with cash) 351,000 Factory overhead Indirect materials 18,000 Indirect labor 83,000 Other overhead costs 123,000 Sales (received in cash) 1,430,000 Predetermined overhead rate based on direct labor cost 75 %
Determine whether there is over or underapplied overhead.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Gwinnett Barbecue Sauce Corporation manufactures a specialty barbecue sauce. Gwinnett has the capacity to manufacture and sell 10,000 cases of sauce each year but is currently only manufacturing and selling 9,000. The following costs relate to annual operations at 9,000 cases: Total Cost Variable manufacturing cost $126,000 Fixed manufacturing cost $45,000 Variable selling and administrative cost $18,000 Fixed selling and administrative cost $27,000 Gwinnett normally sells its sauce for $30 per case. A local school district is interested in purchasing Gwinnett's excess capacity of 1,000 cases of sauce but only if they can get the sauce for $15 per case. This special order would not affect regular sales or total fixed costs or variable costs per unit. If this special order is accepted, Gwinnett's profits for the year will:
Answer:
b. decrease by $1,000
Explanation:
There is an option below the question ask for details
For computing the profit or loss, first we have to determine the variable cost per unit which is shown below:
= Total variable cost ÷ Number of cases sold
= $144,000 ÷ 9,000 cases
= $16 per cases
The total variable cost would be
= $126,000 + $18,000
= $144,000
And, profit per case is $15
So, the loss per case would be
= $15 per case - $16 per case
= -$1 per case
So, the total loss would be
= 1,000 cases × $1
= $1,000 decrease
The areas that surround the vision and strategy in a balanced scorecard include which of the following?
a. Environmental
b. Cultural
c. Customer
d. Interpretation
The areas that surround the vision and strategy in a balanced scorecard include Customers. Thus option C is appropriate.
What is a Customer?A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.
A balanced scorecard is a management tool that offers feedback on both internal business operations and external results in an effort to continuously enhance strategy performance and outcomes.
Learning and growth, organizational procedures, customer viewpoints, and financial data make up a balanced scorecard's four perspectives. The four components of a company's vision and strategy are referred to as its "roots."
Therefore, option C is appropriate.
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Portions of the financial statements for a company are provided below. Income Statement For the year ended December 31, Year 2 Net sales $ 1,600,000 Expenses: Cost of goods sold $ 970,000 Operating expenses 480,000 Depreciation expense 42,000 Income tax expense 32,000 Total expenses 1,524,000 Net income $ 76,000 Selected Balance Sheet Data December 31 Year 2 Year 1 Increase (I) or Decrease (D) Cash $ 94,000 $ 81,000 $ 13,000 (I) Accounts receivable 46,800 53,000 6,200 (D) Inventory 67,000 51,000 16,000 (I) Prepaid rent 2,200 3,400 1,200 (D) Accounts payable 37,000 33,000 4,000 (I) Income tax payable 4,200 6,000 1,800 (D) Required: Prepare the operating activities section of the statement of cash flows for the company using the indirect method.
Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $76,000
Adjustment made:
Add : Depreciation expense $42,000
Add: Decrease in accounts receivable $6,200
Less: Increase in inventory -$16,000
Add: Increase in accounts payable $4,000
Less: Decrease in income tax payable -$1,800
Add: Decrease in prepaid rent $1,200
Total of Adjustments $35,600
Net Cash flow from Operating activities $111,600
Dixie is a product of the Digby company. Digby's sales forecast for Dixie is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Dixie's Production After Adjustment have to be in order to have a 10% reserve of units available for sale?
Answer:
556.6 or 557 units
Explanation:
Given that,
Digby's sales forecast for Dixie = 506 units
Digby wants to have an extra units on hand above and beyond their forecast = 10%
Production units = Sales × (1 + Reserve Percentage)
= 506 × (1 + 10%)
= 506 × 110%
= 556.6 or 557 units
Therefore, the Dixie's will produce 557 units in order to have a 10% reserve of units available for sale.
In families where both spouses work for wages, the second shift can best be described as:
A. the domestic tasks that fall disproportionately on women in addition to their paid work.
B. the domestic tasks that couples share in order to keep their households running smoothly.
C. the time one or both parents spend on child-rearing duties after getting home from work.
D. a second job that either spouse may take in order to help make ends meet.
Answer:
Letter A is correct. The domestic tasks that fall disproportionately on women in addition to their paid work.
Explanation:
The participation of women in the labor market has advanced a lot in the last decades, it was from the 70's that women really inserted themselves in the labor market previously dominated by men, it was then that women started to work in the industrial sector, which it was booming. Prior to this, the wife was seen as the sole provider of the household, who was supposed to take care of household and childcare activities and be supported by her husband.
But in the current scenario, where women have already achieved relevant rights of freedom of choice in life and profession, there are still considerable challenges for women to be on an equal footing with men in society.
Women who work abroad still receive lower wages than men who work in the same position, and because of a historical and structural conception, women are still seen as the "mistress" of the household, and household chores are still of greater responsibility. of women than men in the view of patriarchal society.
An example of a tying arrangement is______ a. a restaurant offering both Pepsi and Coca-Cola products. b. a car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells. c. a landlord offering free rent for the first month when a tenant signs a one-year lease. d. two companies competing on price. e. a coffee shop offering
Answer:
The correct answer is letter "B": A car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells.
Explanation:
A tying agreement is the type of contractual arrangement where a seller offers other(s) product for the purchase of one good as a part of only one bundle. The secondary product might not be necessary but the seller offers it mainly to generate more profit. Tying arrangements are considered anti-competitive practices.
The example of a tying arrangement is a car manufacturer installing GPS/navigation systems in all of its cars, requiring customers to purchase the additional system with the car.
Explanation:An example of a tying arrangement is b. a car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells. This is because a tying arrangement occurs when a customer is required to buy one product in order to purchase another. In this example, the car is the main product, and the GPS/navigation system is the tied product that the consumer is forced to purchase as part of the car purchase. This is a controversial practice as it can force consumers to acquire an additional, potentially unwanted product and can be seen as anticompetitive. It is different from bundling, which tends to offer an advantage for the consumer by providing multiple products or services for a better price and allows for separate purchases of the products if preferred.
Tying sales are often viewed as anticompetitive and can be contrasted with bundling which is a legal and common practice. For instance, bundling is used when customers buy season tickets or when computer software manufacturers include a suite of programs with a new computer purchase, even if all the included software is not desired by the customer.
Regardless of whether or not the questionnaire is designed for online administration, there are two steps remaining: precoding and pretesting.
a. True
b. False
Answer:
a. True
Explanation:
As researcher is unable to replicate the idea or perspective of the respondent of questionnaire, a pre testing is very important for questionnair. Pre testing ia a method of detecting error with questionaire so that response do not get misinterpreted.
Precoded questions are refer to the question that researcher ask to the respondent of questionnaire, which need to be open ended and response need to be put into the category of most related option to get meaningful outcome.
Paul Company completed the salary and wage payroll for the month of March. The payroll provided the following details: Salaries and wages earned by employees $ 212,000 Employee income taxes withheld 42,400 Employee government insurance premiums withheld 4,000 FICA payroll taxes* 16,900 *Assessed on both employer and employee (i.e., $16,900 each). Required: 1. Prepare the journal entry to record the payroll for March, including employee deductions. Assume employees have been paid, but that Paul has yet to transfer any withholdings to the government. 2. Prepare the journal entry to record the employer's payroll taxes, which have not yet been paid to the government. 3. Provide a combined journal entry to show the payment of all amounts owed to governmental agencies. (For all requirements, If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
wages expense 212,000 debit
Income tax payroll payable 42,400 credit
FICA payable 16,900 credit
insurnace premium payable 4,000 credit
wages payable 148,700 credit
--to record wages to employees--
payroll tax expense 19,400 debit
FICA payable 19,400 credit
--to record employeed payroll taxes--
Income tax payroll payable 42,400 debit
FICA payable 33,800 debit
insurnace premium payable 4,000 debit
Cash 80,200 credit
--to record payment to gevernment agencies--
Explanation:
We have to deduct from the wages the employee deductions
the remaining is the wages payable
Then, we record the same amount of fica as expense as we, the employer are paying them
Then we debit all the liaiblities which arise from the employees and credit cash for the total amount
On January 1, 2018, Charlie Co. received $308,000 for bonds with a face amount of $380,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest expense is recognized by Charlie Co. in 2018 (assume annual interest payments and amortization)?
a. $24,640.
b. $30,800.
c. $30,400.
d. $38,000
Answer
The interest expense that is recognized by Charlie Co is b. $30,800.
Step-by-step explanation:
Interest expense to be recognized in 2018 = Bond carrying value*Market rate of interest
Interest expense to be recognized in 2018 = 308000*10% = $30800
Option 2 $30800 is correct
Which of the following best illustrates the mutual interdependence among firms in the airline industry?
The considerable efforts made by the various competitors to coordinate fare increases.
The unwillingness of individual firms to match increased amenities offered by other firms.
The substantial profits airlines have earned over the past several years.
The virtual absence of control over costs by any of the firms operating in the industry.
Answer:
The considerable efforts made by the various competitors to coordinate fare increases.