Answer:
The correct answer is letter "D": strong matrix.
Explanation:
A strong matrix organization is one in which employees have two managers: the functional manager and the project manager. Authority is shared between these two and the approach aims to achieve balance in the hierarchy of each of them. In this type of organization project managers tend to work full time as well as most of the company's personnel.
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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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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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.
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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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What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,980 in Year 3, and $2,750 in Year 4? The discount rate is 12.5 percent.
Answer:
$86.87
Explanation:
Data provided in the question:
Initial cash outflow = $7,670
Year cash inflows
1 $1,280
3 $6,980
4 $2,750
Discount rate = 12.5%
Now,
Net Present Value = [tex]\frac{1,280 }{(1+0.125)^1}+frac{6,980}{(1+0.125)^3}+frac{2,750}{(1+0.125)^4}[/tex] - $7,670
or
Net Present Value = $1137.78 + $4902.28 + $1716.81 - $7,670
= $86.87
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.
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.
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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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.
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
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.
Red Rock Bakery purchases land, building, and equipment for a single purchase price of $200,000. However, the estimated fair values of the land, building, and equipment are $105,000, $180,000, and $15,000, respectively, for a total estimated fair value of $300,000.
The question deals with accounting procedures for allocating the cost of multiple assets acquired for a single purchase price. To allocate the costs, the student must calculate the proportionate share of each asset's fair value and apply that proportion to the purchase price. This calculation is important for financial reporting and informs the business's equity in assets.
Explanation:The student's question pertains to the allocation of a lump sum purchase price among different assets acquired, a common practice in accounting when a business, such as Red Rock Bakery, acquires multiple assets for a single, combined price. In this scenario, Red Rock Bakery purchases land, a building, and equipment at a total cost of $200,000. However, the individual estimated fair values of these assets are $105,000 for land, $180,000 for the building, and $15,000 for equipment, adding up to a total estimated fair value of $300,000.
Allocation of Purchase Price
To allocate the $200,000 purchase price, we must determine the proportion of the total fair value that each asset represents. This is done by dividing the fair value of each asset by the total fair value and then multiplying the resulting percentage by the total purchase price.
Land: ($105,000 ÷ $300,000) × $200,000 = 0.35 × $200,000 = $70,000
Building: ($180,000 ÷ $300,000) × $200,000 = 0.60 × $200,000 = $120,000
Equipment: ($15,000 ÷ $300,000) × $200,000 = 0.05 × $200,000 = $10,000
Answering Part b and c
For Freda's house, her equity is $250,000, regardless of her initial purchase price, because she has no debt against the property.
For Ben's house, since he originally borrowed $80,000 ($100,000 total price - 20% down payment) and has paid off $20,000, he owes $60,000. The current value of his house is $160,000, so his equity is $100,000 ($160,000 current value - $60,000 remaining loan).
Presented below are selected transactions at Novak Corp. for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62,300 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $42,600. It had a useful life of 5 years with no salvage value. The computer was sold for $13,400. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $42,300. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Novak Corp. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.)
Answer:
See below.
Explanation:
For Machinery we make the following entry,
Accumulated depreciation debit by $62,300
Machinery account credit by $62,300
For Computer disposal we make the following record,
Accumulated Depreciation debit by $25,560
Loss on disposal Debit by $3,640
Cash debit by $13,400
Computer credit by $42,600
The total book value of the asset at time of sale was $17,040 so a loss is recorded. Depreciation for 3 years is applicable.
For Delivery truck we make the following records,
Debit the accumulated depreciation for truck account by $26,200
Debit loss on asset disposal of $16,100
Credit Delivery truck by $42,300
We assume that the entire asset was fully depreciated incurring a loss on disposal as no information whether the salvage value was recovered is shown. We record the entire net book value after 4 years as loss.
Hope that helps.
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
For many people, the shareholder perspective is perhaps the most familiar measure of competitive advantage for publicly traded firms. What are some of the disadvantages of using shareholder value as the sole point of view for defining competitive advantage?
Answer:
Please see attachment
Explanation:
Please see attachment
The shareholder perspective can favor short-term thinking and financial returns over other factors like environmental sustainability and employee welfare. It can also overlook the interests of other stakeholders such as customers and the community. Therefore, a balanced approach considering various perspectives can provide a more holistic view of a company's competitive advantage.
Explanation:Using the shareholder perspective as the sole point of view for defining competitive advantage carries certain disadvantages. Principally, this perspective is heavily focused on financial returns to the disadvantage of other potentially beneficial aspects of corporate performance such as environmental sustainability, employee welfare and customer satisfaction. Shareholder value can also lead to short-term thinking because shareholders often desire quick returns on their investment, at times overlooking the long-term well-being of the company.
Furthermore, relying solely on shareholder value fails to consider the interests of other stakeholders such as employees, customers, and the wider community. A balanced approach that takes into account a wide range of perspectives can paint a more comprehensive picture of a company's competitive advantage.
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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.
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.
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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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.
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.
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.
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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A "three against nine" FRA has an agreement rate of 4.75 percent. You believe six-month LIBOR in three months will be 5.125 percent. You decide to take a speculative position in a FRA with a $1,000,000 notional value. There are 183 days in the FRA period. Determine whether you should buy or sell the FRA and what your expected profit will be if your forecast is correct about the sixmonth LIBOR rate.
Answer:
Yes you should buy the FRA
Expected Profit = $1,858
Explanation:
Since the agreement rate is less than your forecast, you should buy a FRA.
Hence, If your forecast is correct your expected profit will be:
$1,000,000 x [(0.05125-0.0475) x 183/360] / [1 + (0.05125 x 183/360)]
= $1,000,000 x [.001906/(1.026052)]
= $1,857.61.
To determine whether to buy or sell the FRA, compare the agreement rate and the forecasted LIBOR rate. If the agreement rate is lower, buy the FRA. The expected profit can be calculated by multiplying the rate difference, notional value, and FRA period length.
Explanation:To determine whether you should buy or sell the FRA, you need to compare the agreement rate to your forecasted LIBOR rate. If the agreement rate is lower than your forecasted rate, you should buy the FRA. In this case, since your forecasted rate is 5.125 percent and the agreement rate is 4.75 percent, you should buy the FRA.
To calculate the expected profit, you need to determine the difference between the agreement rate and your forecasted rate, and then multiply it by the notional value and the length of the FRA period.
Expected profit = (5.125% - 4.75%) x $1,000,000 x (183/360).
Simplifying the equation, the expected profit will be $13,125.
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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.
You have just made your first $5,500 contribution to your retirement account. Assume you earn a return of 10 percent per year and make no additional contributions.
a. What will your account be worth when you retire in 45 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What if you wait 10 years before contributing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
a. $400,897.66
b. $154,563.40
Explanation:
The computations are shown below:
We know that
Amount = Present value × (1 + rate)^number of years
a. So the amount for 45 years would be
= $5,500 × (1 + 0.10)^45
= $5,500 × 72.8904836851
= $400,897.66
b. The amount before 10 years means 45 years - 10 years = 35 years
= $5,500 × (1 + 0.10)^35
= $5,500 × 28.1024368481
= $154,563.40
The wait 10 years before contributing, your retirement account will be worth approximately $89,464.95 when you retire in 45 years Starting early and contributing consistently can significantly increase your retirement savings due to the power of compound interest.
a. To calculate the future value of your retirement account when you retire in 45 years, you can use the future value formula for a single lump sum investment:
\[FV = PV × (1 + r)^n\]
Where:
- \(FV\) is the future value of the investment.
- \(PV\) is the present value or the initial contribution, which is $5,500.
- \(r\) is the annual interest rate (as a decimal), which is 10% or 0.10.
- \(n\) is the number of years, which is 45.
Now, plug these values into the formula:
\[FV = $5,500 × (1 + 0.10)^{45}\]
\[FV = $5,500 × (1.10)^{45}\]
Using a calculator or spreadsheet, calculate the future value:
\[FV \approx $155,725.41\]
So, your retirement account will be worth approximately $155,725.41 when you retire in 45 years.
b. If you wait 10 years before contributing, you have a shorter time for your money to grow.
In this case, the number of years (\(n\)) is 35. Using the same formula:
\[FV = $5,500 × (1 + 0.10)^{35}\]
\[FV = $5,500 × (1.10)^{35}\]
Calculate the future value:
\[FV \approx $89,464.95\]
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Which of the following statements is definitely true when price is less than average total cost for a firm producing the profit-maximizing level of output in the short run?
a. The firm will be earning negative total revenue.
b. The firm is running a loss in an accounting sense, so that total revenue is less than total explicit costs.
c. The firm is incurring an economic loss.
d. The firm will minimize its losses by shutting down.
Answer:
d. The firm will minimize its losses by shutting down.
Explanation:
The price multiplied the number of output is the revenue, which is less than the total cost as in this scenario. So this company is always lost.
Lost = number units x (cost – price)
The lost is as high as the number of unit produced.
Given the company do not have any room to improve the profit as it’s producing the profit-maximizing level of output; it’s the best for this firm to shut down.
Rent and maintenance expenses would most likely be allocated based on: Select one: a. Sales volume by department. b. Square feet of floor space occupied. c. Number of hours worked. d. Number of invoices processed. e. Number of employees in each department.
Answer: B. Square feet of floor space occupied.
Explanation: Rent is usually charged and allotted based on the size of the space occupied,a bigger work space will be enough to occupy more raw materials, machines,offices,finished goods and other things.
The maintenance cost of using a bigger space will most likely be higher than a smaller work space, bigger work space requires more lightening,more ventilation etc which will definitely increase the amount allotted or spent in servicing and carrying our maintenance on this electrical items.
Calculating Activity-Based Costing Overhead Rates Assume that manufacturing overhead for Goldratt Company consisted of the following activities and costs: Setup (1,000 setup hours) $118,000 Production scheduling (400 batches) 60,000 Production engineering (60 change orders) 150,000 Supervision (2,000 direct labor hours) 46,000 Machine maintenance (12,000 machine hours) 60,000 Total activity costs $434,000 The following additional data were provided for Job 845: Direct materials costs $7,000 Direct labor cost (5 Milling direct labor hours;35 Finishing direct labor hours) $1,000 Setup hours 5 hours Production scheduling 1 batch Machine hours used (25 Milling machine hours;5 Finishing machine hours) 30 hours Production engineering 3 change orders (a) Calculate the cost per unit of activity driver for each activity cost category. Setup $Answer 118 Production scheduling $Answer 150 Production engineering $Answer 2,500 Supervision $Answer 23 Machine maintenance $Answer 5 (b) Calculate the cost of Job 845 using ABC to assign the overhead costs. $Answer 17,310 (c) Calculate the cost of Job 845 using the plantwide overhead rate based on machine hours. (Round your answer to the nearest dollar.) $Answer 9,085 (d) Calculate the cost of Job 845 using a machine hour departmental overhead rate for the Milling Department ($32 per hour) and a direct hour overhead rate for the Finishing Department ($102 per hour). (Round your answer to the nearest dollar.)
Answer:
a)
Setups: 118,000 / 1,000 = 118
Scheduling 60,000 / 400 = 150
engineering 150,000 / 60 = 2,500
Supervision 46,000 / 2,000 = 23
machine maintenance 60,000/ 12,000 = 5
b ) Total: 9,310
d ) $ 4,370
Explanation:
a) We distribute the cost pool over the cost driver of each activity:
b) we assing the rates to the job:
Setups: 5 x 118 = $ 590
scheduling $ 150
engineering 3 orders x $ 2,500 = $ 7,500
supervision (5 + 35) DL x $23 = $ 920
Machine hours (25 + 5) x 5 = $ 150
Total: 9,310
(c)
we aren't given with the plantwide overhead rate and there is insufficient information to calculate with the given data. please check the question information
(d)
Milling department machine hours x overhead rate
25 machine hours x $32 = $ 800
+ Finishing Department labour hours x overhead rate
35 labor hours x $102 = $ 3,570
Total $ 4,370
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
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.