Answer:
If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of the law of SUPPLY
Explanation:
The law of supply is simply termed as when there is an increase in quantity of goods also results into an increase in the price although every other factors must remain the same
A Goldsmith could hold some gold in reserve for depositors’ withdrawals, but ________________ excess gold and thereby make a profit from depositors’ funds..
Answer: Loan out
Explanation:
Goldsmith is one of the many traditional form of medium of exchange used in the past. Whereby you placed your gold to a goldsmith and in return receive a receipt to use that as a medium of cash exchange.
If goldsmith could loan out excess gold they can make a profit from depositors fund. Because that excess gold gives them an opportunity to loan it out.
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 14 comma 200 units. Southeastern estimates its annual holding cost for this item to be $23 per unit. The cost to place and process an order from the supplier is $74. The company operates 300 days per year, and the lead time to receive an order from the supplier is 3 working days.
a) Find the economic order quantity.
b) Find the annual holding costs.
c) Find the annual ordering costs.
d) What is the reorder point?
Answer:
a) 302.28
b)3,476.23
c)3,476.23
d) 142 units
Explanation:
[tex]Q_{opt} = \sqrt{\frac{2DS}{H}}[/tex]
Where:
D = annual demand = 14,200
S= setup cost = ordering cost = 74
H= Holding Cost = 23.00
[tex]Q_{opt} = \sqrt{\frac{2(14,200)(74)}{23}}[/tex]
EOQ = 302.2811821 = 302.28
holding cost:
average inventory x holdign cost
302.28 / 2 x $23 = 3476.233594
ordering cost:
order per year x cost per order
14.200 / 302.28 x $74 = 3,476.233594
14,200 / 300 = 47.33 units per day
47.33 x 3 = 141.99 reorder point
Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $22,800 ($1,900/month) in advance on October 1.1.Record the payment of rent in advance on October 1.2.Record the adjusting entry for rent used till December 31.3. Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0).
Answer:
1.
Debit Credit
Prepaid Rent $22,800
Cash $22,800
2.
Debit Credit
Rent expense(22,800*3/12) $5,700
Prepaid Rent $5,700
3.
Prepaid rent=22,800-5,700=$17,100
Rent expense=$5,700
Explanation:
1.
On October 1, , the following journal entry will be recorded in respect of the advance rent paid by the Hoosiers for one year of rent space at local mall:
Debit Credit
Prepaid Rent $22,800
Cash $22,800
2.
The year end given in this question is December 31 and the prepaid rent is paid for one year and since the rent is paid on October 1, therefore, only expense in respect of 3 months i.e. from October to the December will be recognised in this year in respect of rent expense. Remaining expense of nine months will be recognised in the next year.
The following adjusting Journal entry will be recorded in respect of rent expense in accounts on December 31.
Debit Credit
Rent expense(22,800*3/12) $5,700
Prepaid Rent $5,700
3. The year end adjusting balance of prepaid rent and rent expense will be calculated as
Prepaid rent=22,800-5,700=$17,100
Rent expense=$5,700
Journal entry refers to the primary record of transactions and events of a specific period. The journal entries for the question are given in the attachment.
What is journal entry?Journal entry refers to the primary record of transactions and event of an entity in chronological order during a specific period. Journal entry supports the preparation of subsidiary books.
Prepaid expense refers to the expenses paid in advance for a period. They appear in the balance sheet as assets of the entity.
Prepaid rent of Suppose Hoosiers is $22,800 in the month of October. In the month of December, the expense of 3 months will be recognized as the expense for the period.
Therefore rent expense will be:
[tex]\rm Rent\:expense = Rent\:per\:month \times 3\: months\\\\\rm Rent\:expense = \$1,900 \times 3\: months\\\\\rm Rent\:expense = \$5,700[/tex]
The prepaid rent will be the rent paid for next year for the period between January to September:
[tex]\rm Prepaid\:rent = \$1,900 \times 9\:months\\\\\rm Prepaid\:rent = \$17,100[/tex]
Prepaid rent of $17,100 will appear in the asset side of the balance sheet.
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Monica starts a mutual fund with $500 and adds $500 to her mutual fund every year for another nine years. Mason decides to wait 10 years so he can save up a lump sum of $5,000 to invest at one time in a mutual fund. If both Monica and Mason earn on average of 7 percent APY, who will have the larger mutual fund balance in 20 years?
Answer:
If both Monica and Mason earn on average of 7 percent APY, Monica will have larger mutual fund balance in 20 years.
Explanation:
As given, Monica starts a mutual fund with 500$ and add 500$ for more nine years but Manson decided to deposit 5,000$ to invest at single time after the 10 years of waiting but Monica will have larger mutual fund because she will get the compound interest from her mutual fund for 10 years as compared to Manson as well as she has the opportunity to invest the earning again as she wants so she has the greater advantages in terms of money for investing earlier than Manson.
The future value of Monica's mutual fund (an annuity investment) and Mason's lump-sum investment must be calculated separately. Due to the power of compound interest and earlier start, Monica is likely to end up with a larger mutual fund balance after 20 years.
Explanation:To determine who will have the larger mutual fund balance in 20 years, we need to calculate the future value of Monica's and Mason's investments separately using the formula for compound interest. Monica adds $500 to her mutual fund every year at a 7% APY. This is an example of an annuity, where equal payments are made at regular intervals. The future value of an annuity can be calculated using the formula:
FV = P × `((1 + r)^n - 1) / r)+1`, where `P` is the annuity payment, `r` is the periodic interest rate (as a decimal), and `n` is the total number of payments.
For Monica, `P` is $500, `r` is 0.07 (7% as a decimal), and `n` is 10. After 10 years of contributing, she will stop adding money, but her investment will continue to grow for 10 more years at 7% APY.
Mason, on the other hand, will invest a lump sum of $5,000 after 10 years and leave it to grow for the remaining 10 years. The future value of a lump sum investment is calculated using the formula `FV = P × (1 + r)^n`. `P` is $5,000, `r` is 0.07, and `n` is 10
After calculating both final amounts, we can compare them to see who has the larger balance. Due to the power of compound interest, starting early typically results in a greater future value, as money has more time to earn interest on interest. Therefore, it is likely that Monica's balance will be larger after 20 years.
A trader who places an order to sell 100 shares of abc at $68 when the market of price of abc stock is at $64 has placed a(n) ________.
Answer:
I think the answer is four
What is the typical impact on a program's cost and schedule when unstable requirements lead to changes late in the system's development?[Identify how instability of requirements, design, and production processes impact program cost and schedule.]
a. Significantly negative impact on cost and schedule
b. Marginally negative impact on cost and schedule
c. Negative impact on cost; no impact on schedule
d. No impact on cost; negative impact on schedule
Answer: The correct answer is "a. Significantly negative impact on cost and schedule".
Explanation: The typical impact on a program's cost and schedule when unestable requirements lead to changes late in the system's development is the significantly negative impact on cost and schedule.
You were recently selected for an important 2-year overseas assignment in Qatar. This is a big career opportunity and a chance to work in a high-growth region of your company’s business. You just returned from a weeklong trip to Qatar, which was part of the introduction to your new team and your soon-to-be new home. You certainly became aware that there were some noticeable cultural differences between your country and Qatar. You are scheduled to move in 3 months. Which of the following actions would be the MOST EFFECTIVE approach for improving your cultural competence?Select: 1Create a list of the things that you found to be different than what you expected during your visit and plan some strategies for adjusting to these differences.Learn as much as you can about each member of your new team in order to smooth your transition into the group.Stay in frequent communication with your new team in order to prepare for your upcoming move.Focus your efforts on closing out all of your remaining projects and commitments related to your current position to get ready for your overseas assignment.
Answer:
Create a list of the things that you found to be different than what you expected during your visit and plan some strategies for adjusting to these differences.
Explanation:
This will help in planning and adjusting better and be careful.
Consider other option like 'focus your efforts on closing out all of your remaining projects and commitments related to your current position to get ready for your overseas assignment' is not related with any cultural adjustment. Which according to the exercise is the most effective aproach to solve the problem.
Beaver Construction purchases new equipment for $38,160 cash on April 1, 2018. At the time of purchase, the equipment is expected to be used in operations for six years (72 months) and have no resale or scrap value at the end. Beaver depreciates equipment evenly over the 72 months ($530/month).1. & 2. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)
Answer:
Purchase:
Equipment Dr $38160
cash Cr $38160
Depreciation:
depreciation exp Dr $4770
allowance for dep Cr $4770
Explanation:
The entry to record the purchase of new equipment on April 1 2018 is as follows:
Purchase:
Equipment Dr $38160
cash Cr $38160
The second entry would be passed in order to record depreciation for the year ended on Dec 31 2018, depreciation of nine months (i.e $530× 9) has to be recorded till Dec 31 2018, the adjusting entry is as follows:
Depreciation:
depreciation exp Dr $4770
allowance for dep Cr $4770
The question involves business accounting. The journal entries for the equipment purchase are to debit Equipment for $38,160 and credit Cash for $38,160. The monthly depreciation entries are to debit Depreciation Expense for $530 and credit Accumulated Depreciation for $530.
Explanation:The subject of this question falls under the business category, more specifically, it deals with accounting concepts. The question requires you to record journal entries for the purchase and depreciation of equipment by Beaver Construction.
To record the purchase of the equipment, the company will debit (increase) the Equipment account and credit (decrease) the Cash account.
Equipment: $38,160 (Debit) Cash: $38,160 (Credit)
Subsequently, Beaver Construction needs to record the depreciation of the equipment, which will be a monthly expense of $530 for 72 months. For this, they will debit (increase) the Depreciation Expense account and credit (increase) the Accumulated Depreciation account.
Depreciation Expense: $530 (Debit) Accumulated Depreciation: $530 (Credit)Learn more about Journal Entries here:
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On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $ 48,813 End of Year 1 $ 3,600 $ 3,417 $ 183 48,630 End of Year 2 ? ? ? 48,434 End of Year 3 ? ? 210 ? End of Year 4 ? 3,376 ? 48,000
Answer:
See the explanation
Explanation:
Date Cash Interest Exp. Amortization Balance
----------------------------------------------------------------------------------------
Jan. 1, Year 1 48,813
End of Year 1 3,600 3,417 183 48,630
End of Year 2 3,600 3,404 196 48,434
End of Year 3 3,600 3,390 210 48,224
End of Year 4 3,600 3,376 224 48,000
----------------------------------------------------------------------------------------
Calculations:
Cash = 3,600 (Fixed amount)
Interest Exp. = 3,417 / 48,813 = 7%
End oy year 2:
Cash 3,600
Interest Expense 48,630 * 7% = 3,404
Amortization 3,600 - 3,404 = 196
End oy year 3:
Cash 3,600
Interest Expense 48,434 * 7% = 3,390
Balance 48,434 - 210 = 48,224
End oy year 4:
Cash 3,600
Amortization 3,600 - 3,376 = 224
Hope this helps!
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the company’s fiscal year). May 1 Prepared a company check for $300 to establish the petty cash fund. 15 Prepared a company check to replenish the fund for the following expenditures made since May 1. a. Paid $88 for janitorial services. b. Paid $53.68 for miscellaneous expenses. c. Paid postage expenses of $53.50. d. Paid $47.15 to The County Gazette (the local newspaper) for an advertisement. e. Counted $62.15 remaining in the petty cashbox. 16 Prepared a company check for $200 to increase the fund to $500. 31 The petty cashier reports that $288.20 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures made since May 15. f. Paid postage expenses of $147.36. g. Reimbursed the office manager for business mileage, $23.50. h. Paid $34.75 to deliver merchandise to a customer, terms FOB destination. 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $100, leaving a total of $400.
Answer:
The petty cash balance is prepared as follows:
Explanation:
The Petty Cash Book for Kiona Co.
Date Purchase Amount($) Balance ($)
Check 300 300
Janitorial services 88 212
Miscellaneous expenses 53.68 158.32
Postage expenses 53.5 104.82
Country Gazette 47.15 57.57
Balance as counted - 62.15
Company check 200 262.15
Balance as reported - 288.20
Postage expenses 147.36 140.84
Reimbursement 23.5 117.34
Deliveries 34.75 82.59
Balance at month-end - 82.59
Balance for June 1st - 400
Float for June - 482.59
Preparation of the journal entries for Kiona.Co
1. May 1
Dr Petty cash $300
Cr $300
2. May 15
Dr Janitorial services $88
Dr Miscellaneous expenses $53.68
Dr Paid postage expenses $53.50
Dr Advertising expenses $47.15
Cr Cash over and short $4.48
($88+$53.68+$53.50+$47.15-$237.85)
Cr Cash $237.85
($300-$62.15)
3. May 16
Dr Petty Cash Fund $200
Cr Cash Account $200
4. May 31
Dr Postage expenses $147.36
Dr Mileage expense $23.50
Dr Delivery Expense $34.75
Dr Cash over and short $6.19
($211.8-$147.36+$23.50+$34.75)
Cr Cash $211.8
($500-$288.20)
5. May 31
Dr Cash $100
Cr Petty Cash $100
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A managerial accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period is called a(n): Select one: a. Rolling balance sheet. b. Continuous balance sheet. c. Budgeted balance sheet. d. Cash balance sheet. e. Operating balance sheet.
Answer:
Budgeted balance sheet
Explanation:
A budgeted balance sheet refers to a document that is used by administrators to estimate resource, liability, and capital rates for the present financial year depending on the plan.
In other terms, a planned balance sheet indicates where every account at the end of a year would have been if the company's actual performance met the projections budgeted.
Management typically begins preparing a strategic schedule for another period at the last of each year. The master budget consists of a lot of minor purchases, funds, revenues, and general spending budgets. To make a large, detailed realistic plan, all such budgets are integrated.
The St. Louis Symphony is an example of what type of organizational customer? A. Government B. Wholesaler C. Intermediary D. Resident buyer E. Nonprofit
Answer:
Nonprofit
Explanation:
The organisations which are using surplus revenue to promote a particular social cause and point of view. Such organisations distribute their income with their shareholders, members.
They are exempted from taxes and operate in scientific, research and religious settings. They are accountable to pubic community and donors. Public confidence is an important factor for non profit organisations as it decides the money it is able to raise.
Saint Louis symphony is also a non profit organisation founded by Joseph Otten. It is based in st. Louis, Missouri and is one of the second oldest professional symphony orchestra.
What is an emotional motive?
Answer: Emotional motivations cause consumers to buy on the grounds of their thoughts, desires, or urges. Such motivations, mostly motivated by marketing and popular trends, may not even be known to consumers.
The forces that derives emotional decision could be adventure, affection, appearance and fear etc. These decisions might not be economical for the consumers from the money point of view but it generally results in mind satisfaction for the consumer.
On January 1, Bramble Corp. had 61,200 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.
Apr. 1 Issued 10,350 additional shares of common stock for $13 per share.
June 15 Declared a cash dividend of $1.70 per share to stockholders of record on June 30.
July 10 Paid the $1.70 cash dividend.
Dec. 1 Issued 4,600 additional shares of common stock for $11 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $2.00 per share to stockholders of record on December 31.
(a) Prepare the entries, if any, on each of the three dates that involved dividends. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 1,225.)
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.
On June 15, the company declared a cash dividend of $1.70 per share to stockholders of record on June 30. On December 15, the company declared a cash dividend of $2.00 per share to stockholders of record on December 31.
Explanation:On June 15, the company declared a cash dividend of $1.70 per share to stockholders of record on June 30. The journal entry for this transaction would be:
Date: June 15
Account Titles:
Retained EarningsDividends PayableDebit:
Retained Earnings - $103,920 (61,200 shares x $1.70 per share)Credit:
Dividends Payable - $103,920 (61,200 shares x $1.70 per share)Similarly, on December 15, the company declared a cash dividend of $2.00 per share to stockholders of record on December 31. The journal entry for this transaction would be:
Date: December 15
Account Titles:
Retained EarningsDividends PayableDebit:
Retained Earnings - $122,400 (61,200 shares x $2.00 per share)Credit:
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A small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Union. Its choices are given below. The cost of investment in manufacturing facilities will be a major one for the Canadian firm, but it is not outside its reach. If these are the firm’s only options, which one would you advise it to choose? Why? Provide pros/cons for each option.
a. Manufacture the products at home and let foreign sales agents handle marketing.
b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.
c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm.
Answer:
Part a. Manufacturing the goods at home and let overseas sales managers handle the marketing.
Advantages
Can have a full authority in production activities. It is easy to set up a strategy and multiply the manufacturing. Having better regulator over human resources. The foreign sales agents will enhanced the understanding of European marketplaces. It lower the exit costs if product fails.Disadvantages
Having lack of information in European pharmaceutical procedures. The foreign agents may damage the brand name if not prudently handled. Additional costs in delivery of the products.
Part b. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing.
Advantages
Having full control in manufacturing activities. It is easy to set up a strategy and multiply the manufacturing. Having better regulator over human resources. The brand name will not be damaged since the marketing is controlled by the same companyDisadvantages
Utilization of extra resources to be consumed on marketing Having lack of information in European pharmaceutical procedures. Additional costs in delivery of the products Having lack of information in European pharmaceutical procedures
Part c. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50/50 joint venture and marketed by the European firm
Advantages
The risk is distributed among the firms. No additional delivery cost included. Knowledge of European organization will be valuable inunderstanding guidelines and advertising in European markets.Disadvantages
Having less control in manufacturing activities Shared of the profit among the partners. Moderate level of exit cost is included. Additional firm may harm the brand image.Final answer:
The small Canadian firm should enter into a strategic alliance with a large European pharmaceutical firm to serve the EU, providing benefits like shared costs and risks, and drawbacks such as limited control over marketing.
Explanation:
The best option for the small Canadian firm to serve the European Union would be to: c. Enter into a strategic alliance with a large European pharmaceutical firm. This option involves establishing a joint venture for manufacturing and having the European firm handle the marketing.
Pros: Sharing costs and risks, accessing the European firm's market knowledge, reducing investment burden. Cons: Limited control over marketing, potential conflicts in decision-making, sharing profits.
Which of the following is not a true statement?
a. Incremental analysis might also be referred to as differential analysis.
b. Incremental analysis is the same as CVP analysis.
c. Incremental analysis is useful in making decisions.
d. Incremental analysis focuses on decisions that involve a choice among alternative courses of action.
Answer:
Incremental analysis is not the same as CVP analysis
The correct answer is B
Explanation:
CVP analysis is also known as break-even analysis. It measures an established relationship among cost, volume and profit.
Incremental analysis refers to differential analysis used in decision-making for making choices among alternative courses of action.
Incremental analysis and CVP analysis are separate concepts in accounting. The former is a decision-making tool used to compare costs and revenues of different alternatives, while the latter examines the impact of different levels of sales and production volume on profit.
Explanation:The statement that is not true among the options provided is b. Incremental analysis is the same as CVP analysis. Incremental analysis, sometimes referred to as differential analysis, and CVP (Cost-Volume-Profit) Analysis are two distinct concepts in accounting.
Incremental analysis is a decision-making tool in which the relevant costs and revenues of one alternative are compared to those of another. This method is useful in making decisions and focuses on decisions that involve a choice among alternative courses of action.
On the other hand, CVP analysis is a method of cost accounting. It looks at the effect on company profit (cost, volume, and profit) of different levels of sales and production volume.
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Assume that the reserve requirement is 20 percent. First National Bank has vault cash and deposits with the Fed of $80 million, loans and securities of $320 million, and demand deposits of $400 million. First National: a. could extend a maximum of $10 million of additional loans. b. could extend a maximum of $20 million of additional loans. c. is not in a position to extend additional loans. d. could extend a maximum of $40 million of additional loans.
Answer:
The answer is (c) First National Bank is not in a position to extend additional loans.
Explanation:
Please find the below for detailed explanation and calculations:
The First National Bank current reserve ratio is calculated as : Vault cash and deposits of the Bank with the Fed/ Total demand deposits of the Bank = $80 million / $400 million = 20%.
As the First National Bank' reserve ratio is now equal to the Fed's Reserve Requirement, First National Bank can not further extend its loan portfolio's balance, otherwise, its reserve ratio will fall below Fed's requirement which is not acceptable.
So, the answer is (c).
Aguilar Company is a priceminus−taker and uses target pricing. Refer to the following information: Production volume 601 comma 000601,000 units per year Market price $ 30$30 per unit Desired operating income 1616% of total assets Total assets $ 13 comma 700 comma 000$13,700,000 Variable cost per unit $ 19$19 per unit Fixed cost per year $ 5 comma 400 comma 000$5,400,000 per year With the current cost structure, Aguilar cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that fixed costs cannot be reduced, what are the target variable costs per unit per year? Assume all units produced are sold. (Round your answer to the nearest cent.)
Answer:
Target variable costs/ unit /year = $17.37
Explanation:
We reverse work this to get to target variable costs,
First lets summarize the data,
Production = 601,000 units
Price = $30
Variable cost = $19
Fixed Costs= $5,400,000
Desired operating income @ 16% = (0.16*13,700,000) = $2,192,000
We reverse work this as,
Sales (601,000*30) 18,030,000
Less Variable costs(GP - Sales) 10,438,000
Gross Profit (FC + Profit) 7,592,000
Less Fixed Costs 5,400,000
Profit 2,192,000
Variable costs/ unit /year = 10,438,000 / 601,000 = $17.37/unit
Hope that helps.
On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 days. Prepare the September 1 journal entry for Vicario by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
Sep 1st
Debit Cash 100,000
Credit Note Payable 100,000
(to record 90-day note borrowing from First National Bank)
Explanation:
As at September 1, Vicario Inc receive the cash amount of $100,000 from First National Bank through Borrowing, the Cash account should be recorded up $100,000 ( that is, Dr, as Cash is an asset account) to reflect the transaction.
The offseting Credit entry will be recorded in Note Payable account ( which is a liability account) to reflect the liability of $100,000 owed to the Bank.
As at 1 September, the first day of assuming the debt, no interest expenses is incurred, so, no entry is needed to record interest expense.
Which of "the following employee groups is MOST likely to "be excluded by the NLRB from participating in organizing activities and being a member of the bargaining unit?
A) Employees in multiple facilities within a single employer.
B) Employees covered by multiple employers.
C) Employees with certain supervisory duties.
D) Employees who have been on strike for economic reasons for less than one year and who have been replaced by other employees.
Answer:
C) Employees with certain supervisory duties
Explanation:
The NLRB organization consists of:
1) The Board – have 5 members and their staff
2) The General Counsel- final and independent authority which is under the Board and has to do investigation of charges and issuance of compliance.
3) The Regional Offices- are located in large cities and are supervised by the General Counsel
NLRB Authority is about the enterprises those affect on the commerce by their operations. There could be included to the commerce: “trade, traffic, transportation, or communication within the District of Columbia or any Territory of the United States; or between any State or Territory and any other State, Territory, or the District of Columbia; or between two points in the same State, but through any other State, Territory, the District of Columbia, or a foreign country”
Supervisors are actually excluded by the NLRB from participating in organizing activities and being a member of the bargaining unit because, he/she could have some interest in favor of employer so there might be inappropriate situations like: to cause another employee to be hired, rewarded, disciplined
The Crosswind Network Studio has recently been awarded a large contract to create a new children’s television show. This will require the company to move into a new office complete with production facilities that are 300% larger than the current facilities. The schedule is tight for this new project and delay is not an option. The new office is already two months behind schedule. The company is trying to use an incentive fee to motivate the contractor to complete the work as quickly as possible, even if it results in a smaller delay. This is an example of what type of risk response?
a. Accept
b. Mitigate
c. Avoid
d. Transfer
Answer: avoid risk response
Explanation: Risk avoidance is indeed a risk management technique through which the management team works to resolve the danger or secure the project against its effects.
It usually calls for adjustments to the project management policy, such as adjustments in applicability or layout or even in the action plan. By improved communication or obtaining abilities, risk recognized at such a preliminary stage can be prevented.
Introduced in important uncertainties that have a significant effect on the plan's feasibility. Project managers typically use this as a high-risk first response technique.
The firm’s target capital structure should be consistent with which of the following statements?Select one:a. Obtain the highest possible bond rating.b. Maximize the earnings per share (EPS).c. Minimize the cost of equity (rs).d. Minimize the weighted average cost of capital (WACC).e. Minimize the cost of debt (rd).
Answer:
A firm's target capital structure should minimize the weighted average cost of capital.
The correct answer is D
Explanation:
The maximization of earnings per share does not determine the optimal capital structure of a firm.
The minimization of cost of equity indicates that a firm pays a lower return to common stockholders. It does not impact on a firm's capital structure.
The minimization of weighted average cost of capital impacts on the target capital structure of a company because it maximizes the value of a firm. It determines a firm's target capital structure. This situation is referred to as optimal capital structure.
The minimization of cost of debt only reduces the return offered by a firm to debenture holders. It does not determine a firm's target capital structure.
The Seattle Corporation has an investment opportunity that will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year 10. This investment will cost $150,000 today, and the firm's WACC is 10%. What is the payback period for this investment?
Answer:
4.86 years
Explanation:
Data provided in the question:
Cash flow each year from year 1 to year 4 = $30,000
Cash flow in year 5 through 9 = $35,000
Cash flow in year 10 = $40,000
Initial investment = $150,000
Firm's WACC = 10%
Now,
Accumulated cash flow for 4 years = $30,000 × 4 = $120,000
Accumulated Cash flow for 5 years = $120,000 + $35,000
= $155,000 > amount invested ($150,000)
Thus,
Remaining payback amount required in year 5 = $150,000 - $120,000
= $30,000
Payback period for $30,000 in year 5 = [$30,000 ÷ Annual cash flow]
= $30,000 ÷ $35,000
= 0.86 years
Hence,
Total payback period for this investment is
= 4 years + 0.86 years
= 4.86 years
Lloyd is chronically-ill and received tax-qualified long-term care insurance benefits in 2018 amounting to $8,000 to cover a 30-day nursing home stay. What amount, if any, must he include in income if actual nursing home costs for the 30 days amounted to $7,500 and the applicable per dier limitation was $360?
A) $0
B) $500
C) $7,500
D) $8,000
Answer:
A) $0
Explanation:
as per IRC section 101g, if the payment exceeds the greater of per actual cost then the excess payment amount will be taxable.
total tax free payment = 360*30
= $10,800
Therefore, The taxable amount is $0
Lloyd will include A) $0 of insurance benefits in his income.
Data and Calculations:
Tax-qualified long-term care insurance benefits received = $8,000
Number of nursing home stay days = 30 days
Actual nursing home costs for the 30 days = $7,500
Applicable per day limitation = $360
The total per day limitation = $10,800 ($360 x 30)
Since Lloyd is chronically ill, the $8,000 insurance benefits he received his life insurance contract is treated under § 101(g) as an amount received by reason of death and excluded from his gross income.
Thus, Lloyd will include A) $0 of insurance benefits in his income.
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What is the smallest dollar civil penalty that will be assessed for a single act of misrepresentation?
a. $200
b. $500
c. $1,000
d. $10,000
Answer:
The smallest dollar civil penalty that will be assessed for a single act of misrepresentation is $200.
The correct answer is A
Explanation:
The civil penalty imposed on a single act of misrepresentation ranges between $200 and $10,000. Thus, the smallest dollar penalty is $200.
Western Electronics (WE) is reviewing the following data relating to a new equipment proposal: Net initial investment outlay $ 50,000 After-tax cash inflow from disposal of the asset after 5 years $ 10,000 Present value of an annuity of $1 at 12% for 5 years 3.605 Present value of $1 at 12% in 5 years 0.567 WE expects the net after-tax savings in cash outflows from the investment to be equal in each of the 5 years. What is the minimum amount of after-tax annual savings (including depreciation effects) needed to make the investment yield a 12% return (rounded to the nearest whole dollar)?
Answer:
The answer is $12,297.
Explanation:
Denote x is the minimum amount of after-tax annual savings (including depreciation effects) needed to make the investment yield a 12% return.
As required in the question, at $X annual after-tax saving, the net present value of the project discounted at the required return 12% will be equal to 0. So, we have:
- Net initial investment + Present value of cash inflow from asset disposal in 5-year + Present value of 5 after-tax annual savings = 0 <=> -50,000 + 10,000 x 0.567 + X x 3.605 = 0 <=> 3.605X = 44,330 <=> X = $12,297 (rounded to the nearest whole dollar).
Thus, the answer is $12,297.
Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June, the company produced and sold 10,800 units and incurred actual variable costs of $351,000 and actual fixed costs of $285,000. Actual sales for June were $885,000. Prepare a flexible budget report showing variances between budgeted and actual results. List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) XION CO. Flexible Budget Report For Month Ended June 30 Flexible Budget Actual Results Variances Fav./Unf.
Answer:
FLEXIBLE BUDGET REPORT
Flexible budget Actual Variance
Activity level (units) 10,800 10,800 No variance
$ $
Sales 864,000 885,000 21,000(F)
Less: Variable cost:
Total variable cost 378,000 351,000 27,000(F)
Less: Fixed cost:
Total fixed cost 270,000 285,000 15,000(U)
Profit 216,000 249,000 33,000(U)
Explanation:
In this report, the budgeted total variable cost is obtained by multiplying the variable cost per unit by the quantity of goods produced and sold.
The total fixed cost remains constant regardless of the quantity produced and sold.
Variance is the difference between the flexible budget and actual results.
Final answer:
To prepare the flexible budget report, we need to calculate the budgeted and actual amounts for variable expenses and fixed expenses. The flexible budget report for Xion Co. for the month of June would show an unfavorable variance of $27,000 for variable expenses and a favorable variance of $15,000 for fixed expenses.
Explanation:
To prepare the flexible budget report, we need to calculate the budgeted and actual amounts for variable expenses and fixed expenses.
Variable Expenses
The budgeted variable expense per unit is $35. Therefore, the budgeted variable expenses for 10,800 units would be $35 per unit multiplied by 10,800 units, which equals $378,000. The actual variable expenses incurred for 10,800 units are given as $351,000.
The variance for variable expenses can be calculated by subtracting the actual variable expenses from the budgeted variable expenses:
Variance = Budgeted variable expenses - Actual variable expenses
= $378,000 - $351,000
= $27,000 (Unfavorable variance)
Fixed Expenses
The budgeted fixed expenses are given as $270,000, and the actual fixed expenses incurred are $285,000.
The variance for fixed expenses can be calculated by subtracting the actual fixed expenses from the budgeted fixed expenses:
Variance = Budgeted fixed expenses - Actual fixed expenses
= $270,000 - $285,000
= $-15,000 (Favorable variance)
Therefore, the flexible budget report for Xion Co. for the month of June would show an unfavorable variance of $27,000 for variable expenses and a favorable variance of $15,000 for fixed expenses.
The charter of Vista West Corporation specifies that it is authorized to issue 300,000 shares of common stock. Since the company was incorporated, it has sold a total of 160,000 shares (at $16 per share) to the public. It has bought back a total of 25,000. The par value of the stock is $3. When the stock was bought back from the public, the market price was $40. Required: 1. Determine the authorized shares. 2. Determine the issued shares. 3. Determine the outstanding shares.
Answer:
1. Authorized shares = 300,000 shares
2. Issued shares = 160,000 shares
3. Outstanding shares
= Issued shares- Shares repurchased
= 160,000 - 25,000
= 135,000 shares
Explanation:
Authorized shares are shares that a firm is allowed by law to issue to the public.
Issued shares are shares that a company offers to the public for subscription.
Outstanding shares are shares remaining after the share repurchase.
The authorized shares is 300,000 shares, the Issued shares is 160,000 shares and the outstanding shares is 135,000 shares.
The Authorized shares refers to shares that a firm is allowed by law to issue to the willing public.
The Authorized shares = 300,000 sharesThe Issued shares refers to the shares that the company offers to the public for subscription.
The Issued shares = 160,000 sharesThe outstanding shares refers to the remaining shares after the share repurchase.
Outstanding shares = Issued shares - Shares repurchased
Outstanding shares = 160,000 shares - 25,000 shares
Outstanding shares = 135,000 shares
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Lark had net income for 2018 of S103,000. Lark had 38,000 shares of common stock outstanding at the beginning of the year and 44,000 shares of common stock outstanding at the end of the year. There were 5,000 shares of preferred stock outstanding all year. During 2018, Lark declared and paid preferred dividends of $29,000. On December 31, 2018, the market price of Lark's common stock is $35.00 per share and the market price of its preferred stock is $55.00 per share. What is Lark's price eamings ratio at December 31, 2018 (Round any intermeciate calculations and your final answer to the nearest cent.)
a. 13.93
b.30.56
c. 19.44
d. 14.95
Answer:
price earning ratio = 19.44 times
so correct option is c. 19.44
Explanation:
given data
net income = $103,000
common stock outstanding beginning = 38,000 shares
common stock outstanding ending = 44,000 shares
preferred stock outstanding = 5,000 shares
paid preferred dividends = $29,000
common stock = $35.00 per share
market price preferred stock = $55.00 per share
to find out
Lark's price earnings ratio
solution
first we get here average no of equity share that is
average no of equity share = common stock outstanding beginning + common stock outstanding ending ÷ 2
average no of equity share = [tex]\frac{38000+44000}{2}[/tex]
average no of equity share = 41000 share
and
earning per share will be here as
earning per share = ( net income - paid preferred dividends ) ÷ average no of equity share
earning per share = [tex]\frac{103000-29000}{41000}[/tex]
earning per share = $1.80
so here price earning ratio will be as
price earning ratio = [tex]\frac{market\ price\ common\ share}{earning\ per\ share}[/tex]
price earning ratio = [tex]\frac{35}{1.80}[/tex]
price earning ratio = 19.44 times
so correct option is c. 19.44
How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?
Answer and explanation:
Regression coefficients portrait the changes in variables after one unit has changed keeping the rest of the predictors of the model the same. While the simple linear regression is predicted from one variable, the multiple regression is predicted for more than one of them.
In multiple regression, the interpretation of the regression coefficients differs from simple linear regression because there are multiple independent variables instead of just one. The interpretation involves considering the effects of all the independent variables in the model.
Explanation:In multiple regression, the interpretation of the regression coefficients differs from simple linear regression because there are multiple independent variables instead of just one. In simple linear regression, the regression coefficient represents the change in the dependent variable for every unit increase in the independent variable. However, in multiple regression, the interpretation of the regression coefficient becomes more complex.
For example, let's say we have a multiple regression model with two independent variables, x1 and x2. The regression coefficient of x1 represents the change in the dependent variable for every one unit increase in x1, while holding x2 constant. Similarly, the regression coefficient of x2 represents the change in the dependent variable for every one unit increase in x2, while holding x1 constant.
Therefore, in multiple regression, the interpretation of the regression coefficients involves considering the effects of all the independent variables in the model.
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