Answer:
The correct answer is letter "A": True.
Explanation:
Accountability implies individuals and entities accept responsibility in their operations. When it comes to the government and political science it involves the process in which citizens secure and evaluate the responsible doing of the public deputies through mechanisms such as transparency and inspection. Non-profit organizations have the same duty.
You are in charge of creating a podcast of an interview with the CEO of your company. The audio file will be posted on the company's website. You decide to make a transcript available so that audience members with hearing impairments will be able to read the interview.
Which measure of excellence in technical communication does this decision reflect
Answer:
The measure of excellence in technical communication that the decision would affect is accessibility.
Explanation:
The decision would extend the range of listeners of the podcasts and that would mean an increase in the number of audiences. As a CEO, the individual would be deemed to be as both, intelligent and compassionate. The decision would probably start a new trend in the discipline of podcasts where the competitors would also choose to do the same.ABC Corp. has a market price of $15 and a Price/Earnings multiple of 10. What was the corporation's Earnings Per Common Share?
Answer:
The correct answer is: $1,5.
Explanation:
The Price-to-Earnings ratio or P/E ratio is the relationship between a company's market value of per-share common stock and its earning per share. It is obtained by dividing the two factors previously mentioned and the result is the P/E ratio which is also called the multiple.
Thus, in the example:
P/E ratio = (market value per share) / (earning per share)
We can deduct:
Earnings per share = (market value per share) / P/E ratio
Then:
Earnings per share = $15/10
Earnings per share = $1,5
Why do economists use models?
a. Models are used to add complexity to a simple world.
b.Models allow us to study a simplified version of a complex world.
c. Models allow us to control exogenous factors.
d. Models make the world harder to understand.
e. Models allow us to examine more factors than what actually exists in our world.
Answer:
b.Models allow us to study a simplified version of a complex world.
Explanation:
A economic model is a simplified version of reality that allows us to observe things.
Answer:
The correct answer is letter "B": Models allow us to study a simplified version of a complex world.
Explanation:
An economic model is a general and simplified assumption of real-world phenomena. Economists make models attempting to understand why those situations arise and to predict what their causes could be over time. In some cases, models can turn into theories after research and scientific support.
In this problem, you will be given three errors that may or may not affect the trial balance. You are to determine the following:(1) As a result of each error, will the trial balance still balance? Consider each error separately. If you determine that the trial balance will not balance as a result of the error, then answer the following questions:(2) What is the amount of the difference between the two columns of the trial balance? (3) Which trial balance column (debit or credit) will have the larger total?A. A payment of $490 on account for supplies previously purchased was recorded as a debit to Supplies Expense and a credit to Cash for $490B. A payment of $150 on account for supplies previously purchased was recorded as a debit to Accounts Payable for $150 and a credit to Cash for $510C. The $875 balance in Service Revenue was listed as a debit.
Answer:
1) This error will not effect balancing of trial.
2) Total difference in both columns will be of $500 and credit side of trial balance will have larger balance.
3) Total difference in both columns will be of $1,750 and debit side will exceed from credit side.
Final answer:
Error A does not affect the balance of the trial balance, whereas errors B and C cause imbalances. Error B results in a credit column excess of $360, and error C results in a debit column excess of $875.
Explanation:
Analysis of Trial Balance Errors
When analyzing trial balance errors, it is important to understand the effects each error has on the balance sheet. Looking at the presented errors one by one:
Error A: Since the transaction is correctly debited to Supplies Expense and credited to Cash for the same amount ($490), there is no effect on the trial balance equation. Both sides remain equal, and the trial balance will still balance.Error B: A payment recorded with a debit to Accounts Payable for $150 and a credit to Cash for $510 creates a discrepancy of $360. The trial balance will not be balanced due to this discrepancy. The credit column will have a larger total by the amount of $360.Error C: Listing the balance of Service Revenue, which should be a credit, as a debit creates an imbalance. This shifts the balance by $875, and the debit column will be larger by this amount.In summary, errors B and C will result in an unbalanced trial balance with disparities in respective columns based on the nature of the errors.
Which of the following are common accounting myths? (Select all that apply.) Select one or more: a. Accounting focuses only on math. b. Accountants focus only on the past. c. Accounting should be taught at culinary schools.
Answer:
a. Accounting focuses only on math. b. Accountants focus only on the past. c. Accounting should be taught at culinary schools.
Explanation:
a. Because accounting deals largely with numbers, some people therefore believe that accounting is mathematics and the focus of accounting is mathematics
b. The saying that Accounting focuses on a company's historical data is a traditional legendary story told and accepted by both the educated and the uneducated.
Because some of the information or data that form the basis of the accountant's report are from period that has ended in the past, Accountants analysis and report are seen as ex-post examination rather than ex-ante.
c. Another popular view is that accounting should be taught in areas relating to cooking.
Keiko sells a piece of equipment used in her business for $14,853 on August 10, 2019. The equipment was purchased on January 4, 2018 at a cost of $12,849. Keiko has taken $3,855 of depreciation on the equipment. What is the amount and classification of the gain on the sale by Keiko?
Answer:
as per Section 1231 , gain = $2,004
as per Section 1245 here ordinary income = $3,855
Explanation:
given data
Sale value = $14,853
Original cost = $12,849
Depreciation = $3,855
solution
we know that by provisions when sale value is more than original cost
than there excess amount will be treated as the section 1231 capital gain
and that gain up to depreciation amount will be treated as ordinary income under the section 1245
so here we get here first total profit that is
total profit = $14,853 - $12,849 - $3,855
total profit = $5,859
so as per Section 1231
gain = $14,853 - 12,849
gain = $2,004
and
as per Section 1245
here ordinary income = $3,855
The majority of all U.S. firms employ:
a.more than 5,000 employees.
b.1,000 to 3,000 employees.
c.3,000 to 5,000 employees.
d.500 or fewer employees.
The majority of all U.S. firms employ 500 or fewer employees.
Explanation:
In 2016 there had been 5.6 million employers ' companies in the U.S. According to information from the Yearly Businessmen Survey of the Census.
99.7 percent of all companies were corporations with less than 500 employees. The organization accounts for 98.2 percent, with less than 100 employees.Companies with less than 20 staff accounted for 89.0%.As per the Census Bureau of labor statistics of USA, among worker C companies in 2015. 84.9% of companies employed under 20 workers, 96.4% fewer than 100 workers and 99.0% had far less than 500 workers. When you bring in non-employer firms, 89.5 percent of all C companies are staffed with less than 20 employees.
A property title search firm is contemplating using online software to increase its search productivity. Currently an average of 40 minutes is needed to do a title search. The researcher cost is $2 per minute. Clients are charged a fee of $400. Company A’s software would reduce the average search time by 10 minutes, at a cost of $3.50 per search. Company B’s software would reduce the average search time by 12 minutes at a cost of $3.60 per search. What option would have highest productivity in terms of revenue per dollar per input?
Answer:
Explanation:
Productivity per unput dollar=Fees charged from clients/total cost to firm
There are 3 options:
1. Using current software:
Av time=40 min
Researcher's cost=$2 a min
Total cost=40*2=80
Productivity per dollar input=Fees charged from clients/total cost to firm= 400/80=$5
2.
Using company A's software
Av time=30min
Cost of reducing av time=$3.5
Researcher's cost=$2
Total =30*2+3.5=63.50
Productivity per dollar input=400/63.5=6.3
3.
Using company B's software
Av time = 28 min
Cost of reducing av time=$3.6
Researcher's cost=$2
Total cost=28*2+3.6=59.6
Productivity per dollar input=400/59.6=$6.71
Answer - Using company B's software
On January 2, 2017, Coronado Corporation issued 31000 shares of 5% cumulative preferred stock at $100 par value. On December 31, 2020, Coronado Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?
Answer:
$155,000
Explanation:
The amount of dividends that will be received by the Preferred stock holder before any dividend is made to the common stock holders shall be determined as follow:
Amount to be received by the Preferred stock holder=Number of preferred shares*Percentage on preferred shares*par value of preferred share.
Amount to be received=31,000*5%*100=$155,000
What is the future value of a $980 annuity payment over six years if interest rates are 10 percent?
Final answer:
The future value of a $980 annuity payment over six years at a 10 percent interest rate can be found using the future value annuity formula, and is approximately $7,561.30.
Explanation:
The question asks for the future value of an annuity payment. When dealing with an annuity (a series of equal payments made at regular intervals), the future value can be calculated using the formula for the future value of an annuity due to compounded interest. Given a 10 percent interest rate, a $980 annuity payment, over six years, we can use the future value annuity formula:
FV = P × { [(1 + r)^n - 1] / r }
where:
FV = Future Value of the annuity
P = Payment amount per period ($980)
r = Interest rate per period (10% or 0.10)
n = Number of periods (6 years)
Plugging the values into the formula gives:
FV = $980 × { [(1 + 0.10)^6 - 1] / 0.10 }
FV = $980 × { [1.10^6 - 1] / 0.10 }
FV = $980 × { [1.771561 - 1] / 0.10 }
FV = $980 × { 0.771561 / 0.10 }
FV = $980 × 7.71561
FV ≈ $7,561.30
The future value of the $980 annuity payment over six years at an interest rate of 10 percent is approximately $7,561.30.
An increase in financial leverage generally results in a higher return on equity (ROE)
True or False?
Answer:
The statement is: True.
Explanation:
According to the DuPont analysis, three factors are influencing the increase of the Return On Equity (ROE): the efficiency of operations, the efficiency of the company's assets, and the financial leverage. The DuPont analysis studies those three factors and how they help the ROE to increase or decrease.
Amazon was an e-commerce leader with its rapid distribution of a wide array of products, but the firm now faces competition from eBay, Yahoo, and Google.This example illustrates the __________.
Answer: The difficulty of maintaining competitive advantage.
Explanation:
Amazon is experiencing difficulty in maintaining its competitive advantage in internet marketing, as other competitors are now gaining greater portions of it's market. Competitive advantage in marketing, are those qualities a business possess that enables it to dominate it competitors.
One of the most popular reasons why thousands of people seek to go into the restaurant industry is:_______
One of the most popular reasons why thousands of people seek to go into the restaurant industry is the possible financial rewards
Explanation:
Positive Reinforcement: While there’s a time and place for constructive criticism, positive reinforcement can be just as effective in increasing productivity. When you reward restaurant staff members who go the extra mile, it boosts their confidence and desire to take on more responsibility
Employee Retention: Deciding to reward restaurant staff could help reduce employee turnover.
Team Building: Everybody wins (including you) when you reward restaurant staff for a job well done. After employees receive a great reward or prize, expect to see them working more closely together on future projects.
Wayne grants his cousin, Vinnie, a franchise in Wayne's local sandwich shop. Wayne writes the agreement so that he controls every detail of Vinnie's shop such that it is exactly the same as the original shop. He even consults with Vinnie about hiring employees and safety practices. One of Vinnie's employees fails to clean up a spill and a customer is injured. Wayne may be liable to the customer under.......................
Answer:
Agence law.
Explanation:
Agency law can be defined as an area of commercial law that deals with the relationship between a party that has legal authority to act in place of another, called an agent. The agent can be an individual, or some partnership or corporation. The agent deals with contractual, almost contractual and non-contractual fiduciary relationships.
The powers of the agency's law are to deal with contractual, almost contractual and non-contractual fiduciary relationships involving an agent.
Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included in your analysis report? Check all that apply. A decline in the debt-to-equity ratio implies a decline in the creditworthiness of the firm. A plausible reason why Blue Hamster Manufacturing Inc.’s price to free cash flow ratio has decreased is that investors expect lower cash flow per share in the future. A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors. A decline in the inventory turnover ratio can be explained by the new inventory management system that the company recently adopted, which led to more efficient inventory management.
Answer:
A decline in the debt-to-equity ratio implies a decline in the creditworthiness of the firm
and
A plausible reason why Blue Hamster Manufacturing Inc.’s price to free cash flow ratio has decreased is that investors expect lower cash flow per share in the future
Explanation:
Please refer the calculated ratios below
Ratios Calculated
Year 1 Year 2 Year 3
Price to cash flow 6.80 4.76 3.81
Inventory turnover 13.60 10.88 8.70
Debt to equity 0.60 0.48 0.38
The statements that can be included in the analysis report include:
A decline in the debt-to-equity ratio simply means when there is a reduction in the creditworthiness that the firm has.A plausible reason why Blue Hamster Manufacturing Inc.’s price to free cash flow ratio has decreased is that there are investors who expect lower cash flow per share in the future.The following information were given in year 1:
Price to ratio flow = 6.80
Inventory = 13.60
Debt to equity = 0.60
The following information were given in year 2:
Price to ratio flow = 4.76
Inventory = 10.88
Debt to equity = 0.48
The following information were given in year 3:
Price to ratio flow = 3.81
Inventory = 8.70
Debt to equity = 0.38
In conclusion, based on the above information, the reduction in the debt-to-equity ratio from 0.60 to 0.38 simply means that there's a reduction in the creditworthiness that a firm has.
In conclusion, the correct options are A and B.
Read related link on:
https://brainly.com/question/12991520
Ladders, Inc. has a net profit margin of 5.5 % on sales of $ 50.9 million. It has book value of equity of $ 40.9 million and total book liabilities of $ 28.6 million. What is Ladders' ROE? ROA? Note: Assume the value of Interest Expense is equal to zero.
Answer:
ROE=2.7995/40.9=6.84%
ROA=2.7995/69.5=4.03%
Explanation:
ROE
Return on equity of Ladder, Inc shall be calculated using the following formula:
ROE=Net profit/Equity
Net profit=5.5%*50.9=$2.7995 million
Equity=$40.9 million
ROE=2.7995/40.9=6.84%
ROA
Return on asset of Ladder, Inc shall be calculated using the following formula:
ROA=net profit/total assets
net profits=$2.7995 million
Total assets=Total equity+total liabilities
=40.9+28.6
=$69.5 million
ROA=2.7995/69.5=4.03%
Final answer:
Ladders, Inc.'s Return on Equity (ROE) is approximately 6.84%, calculated by dividing the net income by the shareholder's equity. The Return on Assets (ROA) is approximately 4.02%, found by dividing the net income by the total assets.
Explanation:
The student asks how to calculate a company's Return on Equity (ROE) and Return on Assets (ROA), using Ladders, Inc.'s financial data. To calculate the ROE, we use the formula: Net Income / Shareholder's Equity. With a net profit margin of 5.5% on sales of $50.9 million, Ladders' net income is $2.7995 million (0.055 * $50.9 million). The shareholder's equity is the book value of equity which is $40.9 million. Therefore, the ROE is $2.7995 million / $40.9 million, which gives approximately 6.84%.
For calculating ROA, the formula is: Net Income / Total Assets. Total assets are the sum of liabilities and equity, which is $28.6 million plus $40.9 million, equalling $69.5 million. The ROA would be the net income of $2.7995 million divided by total assets of $69.5 million, resulting in approximately 4.02%.
On March 1, 2018, Beldon Corporation purchased land as a factory site for $65,000. An old building on the property was demolished, and construction began on a new building that was completed on December 15, 2018. Costs incurred during this period are listed below: Demolition of old building $ 6,500 Architect’s fees (for new building) 17,000 Legal fees for title investigation of land 4,500 Property taxes on land (for period beginning March 1, 2018) 3,500 Construction costs 550,000 Interest on construction loan 7,500 Salvaged materials resulting from the demolition of the old building were sold for $2,500.
Required: Determine the amounts that Beldon should capitalize as the cost of the land and the new building.
Answer:
$73,500; $578,000
Explanation:
Capitalized cost of land:
= Purchase of land + Demolition of old building + Legal fees for title investigation - Salvaged materials resulting from the demolition
= $65,000 + $6,500 + $4,500 - $2,500
= $73,500
Capitalized cost of building:
= Construction costs + Interest on construction loan + Architect's fees + Property taxes (before construction to be capitalized
= $550,000 + $7,500 + $17,000 + $3,500
= $578,000
Elenor Company sells 400 units of inventory for $40 each. The inventory originally cost Elenor $26 each. What is Elenor’s gross profit on this transaction?
Answer:
$5,600
Explanation:
Data provided in the question:
Number of units of inventory sold = 400 units
Selling cost of the inventory = $40 each
Original cost of the inventory = $26 each
Now,
Total inventory cost of the units sold = 400 × $26
= $10,400
Total selling cost of the inventory sold = 400 × $40
= $16,000
Therefore,
Elenor’s gross profit on this transaction
= Total selling cost of the inventory sold - Total inventory cost of the units sold
= $16,000 - $10,400
= $5,600
Elenor's gross profit is calculated by subtracting the total cost of inventory from the total sales revenue. With 400 units sold at $40 each and a cost of $26 each, the gross profit is $5,600.
Explanation:To calculate Elenor's gross profit on the transaction, we need to deduct the total cost of the inventory from the total sales revenue. First, we calculate the total sales revenue: 400 units sold at $40 each gives us $16,000. Next, we calculate the total cost of the inventory: 400 units purchased at $26 each costs Elenor $10,400.
Now, to find the gross profit, we subtract the total cost from the sales revenue: $16,000 - $10,400 = $5,600.
Therefore, Elenor's gross profit on this transaction is $5,600.
Learn more about Gross Profit Calculation here:https://brainly.com/question/36326125
#SPJ3
A good process should __________ and remove the inflexibility of a defined procedure of operation.
1. facilitate the adaptability
2. partition your mindset
3. provide a framework
4. reduce the randomness
A good process should facilitate the adaptability and remove the inflexibility of a defined procedure of operation.
Answer: Option 1.
Explanation:
A good process is the one which does not remain the same forever. It should have facilities for accepting the changes where ever they are needed. The changes should be done with time.
A good process should not be inflexible and it should be flexible. The flexibility only should make it adaptable to the changes over a period of time for more development.
The IMA suggests that, when faced with an ethical dilemma, the first thing management accountants should do is call the IMA's ethics hotline to report the unethical behavior.
a. True
b. False
Answer:
False
Explanation:
Ethical dilemma is a situation where one is faced and has to decide on choosing between two-conflicting moral issues. Since ethical dilemma is present in all professions, Institute of Management Accountant provided a guideline which management accountants can follow to resolve the ethical dilemma. According to Institute of Management Accountant`s ethics guideline, the first thing management accountants should do when faced with ethical dilemma is to follow established policies of their organisations, not calling the IMA`s ethics hotline to report the unethical behavior. If the established policies in the organisation are not strong enough to resolve the issue, management accountants should inform their immediate supervisor. It`s after these two steps fail, that they can call the IMA`s ethics the issue.
So calling the IMA`s ethics hotline is not the first thing to do. Consequently, the answer is false.
The claim that management accountants should first call the IMA's ethics hotline when facing an ethical dilemma is false.
The statement that the IMA suggests that the first thing management accountants should do when faced with an ethical dilemma is to call the IMA's ethics hotline to report unethical behavior is false. While whistleblowing hotlines and ethics resources are important tools, it is recommended that individuals consider a range of actions when confronted with ethical issues.
This could include asking questions to bring attention to the problem, using facts or reason to discuss concerns, considering the consequences of actions, and being mindful of their own contributions to unethical behavior. It is essential for individuals to think about their own ethical values and be prepared to act in accordance with them, which may include, but not limited to, reporting unethical behavior.
Well-constructed goals provide a means by which the performance of managers can be evaluated. a. True b. False
Answer:
The correct answer is letter "A": True.
Explanation:
Achievement of goals can be considered as a factor to measure the performance of managers. If stated clearly, meaning establishing what the goal is, under what conditions it must be accomplished, and after what period, those objectives can determine if executives are doing what is necessary to manage the business properly.
Top managers of Marshall Industries predicted 2018 sales of 14,800 units of its product at a unit price of $9.50. Actual sales for the year were 14,600 units at $12 each. Variable costs were budgeted at 2.00 per unit and actual variable cost were $2.10 per unit. Actual fixed cost of 48,000 exceeded budget it fixed cost by 4,000.
Prepare a flexible budget performance report for the year. First,complete the flexible budget performance report through the contribution margin line, then complete the report through the operating income line.
Answer:
Budget Actual
$ $
Volume 14,600.00 14,600.00
Price 9.50 12.00
Sales 138,700.00 175,200.00
Variable cost Per unit 2.00 2.10
Total variable cost 29,200.00 30,660.00
Contribution Margin 109,500.00 144,540.00
Fixed cost 44,000.00 48,000.00
Operating Income 65,500.00 96,540.00
Explanation
First and foremost flexing a budget means revising the budget based on actual sales volumes, that is i what did above to calculate the margins as well as the operating income
Contemporary best-selling management books often argue that customers are the most important element in the external environment. Do you agree
Answer:
NO, I DO NOT AGREE
Explanation:
External environment in management are those factors that can affect business operation either directly or indirectly. these factors are classified under macro and micro factors.
the micro environment factors are PESTLE
customer, suppliers, competitor, public perception,
the macro environment factors are PESTLE
P -political
E - Economic
S -Socio cultural
T - Technological forces
L - Legal
E - Environmental factors
All these factors are important elements to be considered in the day to day activities of an Organization. PESTLE is even a analysis tools use to control and monitor the operation of the bussiness.
Final answer:
The emphasis on customers as a crucial external element in management literature reflects their power to determine a company's success, and understanding economics can provide managers with a competitive advantage. However, executives often prefer less competition to ensure easier profit maximization.
Explanation:
Indeed, contemporary best-selling management books often emphasize that customers are the most important element in the external environment of a business. This perspective underlines the power that customers hold in making managerial decisions effective or ineffective, based on their choices to buy or not to buy a company's products or services. Customers determine the success of businesses through their purchasing power, as highlighted by the notion that "The Customer Is Always Right."
Additionally, it's argued that understanding economics can give managers a competitive advantage in creating value for the customers. However, the notion that top executives favor market competition is challenged by the preference for a monopoly or at least reduced competition to maximize profits, as competition could mean tougher conditions for maintaining high profit levels.
Which term refers to the distinctive benefits that make a product different than any other
Answer:
Unique Selling Proposition (USP)
Explanation:
A unique selling proposition or unique product approval is a distinctive consumer motive, an alternative to image and “entertaining” advertising. USP is a part of the competitive advantage on the basis of which the client chooses a company or product (based on the properties of the product or service).
A unique selling proposition, according to the original theory, consists of three parts (implies the application of all approval points at the same time):
-Each advertising message contains an appeal to the buyer with a promise of specific benefits.
- The offer is formed in such a way that the competitor either cannot give it, or did not manage to put forward earlier.
-Offer must have great power to attract as many consumers as possible.
In marketing, the USP strategy is considered one of the main rational strategies for communicating with potential buyers, a strategy for advertising products.
-USP is determined not only by what is inherent in the product itself;
-USP is determined by what and how it is said about this product in advertising.
In order to skillfully use the UTP strategy in modern conditions, it is important for marketers to understand what kind of statements about a product are perceived as unique, and to be able to predict the features of perception of such advertising.
The task of the marketer, in relation to the USP, is the need:
-assessment of the conformity of the marketing proposal to the consumer's established notions of the integrated quality of the goods.
- anticipate unwanted reactions of potential consumers and try to neutralize them;
- evaluate the uniqueness of the competitors' offer and use a counter-proposal in communication or reveal another uniqueness;
Dimeback, Inc., is obligated to pay its creditors $7,400 during the year. Required: (a) What is the market value of the shareholders' equity if assets have a market value of $10,800? (b) What if assets equal $6,500?
Answer:
a. $3,400
b. $0
Explanation:
As we know
Total assets = Total liabilities + owners equity
a. In the first case
The shareholder equity would be
= Total assets - total liabilities
= $10,800 - $7,400
= $3,400
b. In the first case, the shareholder equity would be zero as it should not be negative. The negative value would be
= Total assets - total liabilities
= $6,500 - $7,400
= -$900
So it would be zero
On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would we credit when we journalize this entry? a. Cash and accounts payableb. Equipmentc. Equipment and accounts payabled. Accounts payable
Answer:
a. Cash and accounts payable
Explanation:
The journal entry to record this given transaction is shown below:
Equipment A/c Dr $5,000
To Cash A/c $1,000
To Account payable A/c $4,000
(Being the equipment is purchased for cash and on account)
Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account
Answer:
a. Cash and accounts payable
Explanation:
On December 31, 2017, Hattie McDaniel Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued 25,000 shares of its common stock for $38 per share, receiving $950,000 proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $250,000 cash, are used to liquidate the $1,200,000 debt. The December 31, 2017, balance sheet is issued on February 23, 2018. Show how the $1,200,000 of short-term debt should be presented on the December 31, 2017, balance sheet. (Enter account name only and do not provide descriptive information.)
Final answer:
The $1,200,000 of short-term debt should be listed as 'Notes Payable' under current liabilities on the December 31, 2017, balance sheet, reflecting the obligation that existed at that date even though it was subsequently paid off with the proceeds from a stock issuance.
Explanation:
The $1,200,000 of short-term debt should be classified on the December 31, 2017, balance sheet as a current liability, given that the debt is due within the upcoming year.
However, considering that the company has raised enough funds to cover the debt through the issuance of common stock, and the balance sheet is issued after the stock sale but before the debt payoff, the treatment of this item can reflect the post-balance-sheet event which provides evidence about conditions that existed at the balance sheet date.
Therefore, the $1,200,000 should still be presented as a Notes Payable under current liabilities on the balance sheet dated December 31, 2017.
With an ATM checking account, you are typically charged a fee if you use teller services (walk-in or drive-through).
True or False?
Answer:
With an ATM checking account, you are typically charged a fee if you use teller services is a false statement.
Explanation:
The ATM facility has been rolled out in order to dispense convenience to the users of cashless transactions or of withdrawing cash whenever need. This service is not charged as long as there are not any extra facilities demanded like that of international transactions. Charging a fee for using an ATM would decrease the number of its users drastically.Beta coefficients may be computed for investment companies and used to compute risk-adjusted rates of return.
O True O False
Answer:
True
Explanation:
The basic function of a beta coefficient is to measure the volatility or systematic risk. Firms and organisation analyse the beta coefficient before they invest in any new ventures because it helps to measure the risk-adjusted rate of returns. Beta coefficient measures the systematic risk which is the market risk, unpredictable and impossible to avoid.
All of the following are examples of total quality management practices except____________.
A)reduction in the movement required in a manufacturing job.
B) redesign of a product to reduce its parts by 50 percent.
C) separating the sales and services functions.
D) raisingraw material quality standards.
Answer:
C) separating the sales and services functions.
Explanation:
Total quality management refers to a method used by management to enhance quality and productivity in business. It puts a highlight on the processes that organizations use to manufacture their products, and it calls for organizations to characterize those processes and also persistently monitor and degree their execution, and utilize that execution information to drive improvements.
Therefore, Separating the sales and services functions is not involved in the processes of the Total quality management.
Total Quality Management (TQM) is a business practice aimed at enhancing quality and customer satisfaction. Examples are reducing required movement in manufacturing, redesigning a product to reduce parts, and improving raw material standards. However, separating sales and services functions isn't typically heard of as a TQM practice.
Total Quality Management (TQM) refers to a management approach for the long-term success of an organization through customer satisfaction. In TQM, all members of an organization actively participate in improving processes, goods, and services. Examples of TQM practices are: reduction in the movement required in a manufacturing job, redesign of a product to reduce its parts by 50 percent, and raising raw material quality standards. These practices aim to improve the overall quality and efficiency of business operations.
However, the practice of separating the sales and services functions is not typically considered a TQM practice. TQM involves integrating all business processes and functions to work harmoniously in enhancing quality and customer satisfaction, thus separation of functions does not foster this aim.
Learn more about Total Quality Management here:https://brainly.com/question/33718714
#SPJ3