Answer: True
Hope that helps!
3. Once you turn 18, you should regularly check your credit report...
For errors or signs of identity fraud
To keep an eye on your credit score
To make a plan for improving your credit score
Only if you have a credit card
Answer:
A - For errors or signs of identity fraud
Explanation:
That is the correct answer, good luck, and have a good day.
Ethics
AP6-5 Horizon Corporation manufactures personal computers. The company began operations in 2012 and reported
profits for the years 2012 through 2019. Due primarily to increased competition and price slashing in the industry,
2020's income statement reported a loss of $20 million. Just before the end of the 2021 fiscal year, a memo from the
company's chief financial officer (CFO) to Jim Fielding, the company controller, included the following comments:
If we don't do something about the large amount of unsold computers already manufactured, our auditors will require us to
record a write down. The resulting loss for 2021 will cause a violation of our debt covenants and force the company into
bankruptcy. I suggest that you ship half of our inventory to J.B. Sales, Inc., in Oklahoma City. I know the company's
president, and he will accept the inventory and acknowledge the shipment as a purchase. We can record the sale in 2021
which will boost our loss to a profit. Then J.B. Sales will simply return the inventory in 2022 after the financial statements
have been issued
Required:
1. Understand the reporting effect: What is the effect on income before taxes of the sales transaction requested by the
CFO?
2. Specify the options: If Jim does not record the sales transaction requested by the CFO, what is the effect on total
assets and income before taxes of the inventory write-down?
3. Identify the impact: Are investors and creditors potentially harmed by the CFO's suggestion?
4. Make a decision: Should Jim follow the CFO's suggestion?
Based on the effects of what the CFO suggests, the effect on the income before taxes will be an increase.
If Jim does not do what the CFO requests of him, the total assets will increase and the income before taxes will decrease.
The investors and the creditors will be harmed by the CFO's suggestion.
As regards what he should do, Jim should not follow the CFO's suggestion.
What are the effects of the CFO's suggestion?If Jim does what the CFO suggests then income will increase on account of the fake sales increasing the revenue the company gets.
If Jim refuses to do what the CFO suggests, then the computers will remain in inventory which will increase assets as inventory is an asset. Income will however decrease because sales will be less.
Jim should not do what the CFO suggests because it would harm investors who would remain invested in a loss making company that could implode anytime. Same goes for the creditors.
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Provide 5 examples each of firms and the respective goods they produce in - Perfect competition -Oligopoly - Monopoly - Monopolistic competition - Effective competition
The examples of firms and the goods they produce in the following market systems are:
Perfect competition- Foreign exchange markets.
Currency
Oligopoly - Auto Industry.
Cars.
Monopoly - Providers of water.
Water
Monopolistic competition - Restaurants
Food
Effective competition- Supermarkets
Wide range of products
What is Monopoly?This refers to the situation where one business has total control of a market share and has no competition in the market.
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Jenna purchased 500 shares of XYZ stock for $10 per share. The stock paid the following dividends: Year 1: $0.25 per share Year 2: $0.27 per share Year 3: $0.29 per share Assume the stock is trading for $15 per share at the end of Year 3. Calculate the time-weighted return for XYZ stock over this period.
Based on the price of the stock and the dividend over the years, the time-weighted return of XYZ stock is 16.83%.
What is the time-weighted return of XYZ stock?In this case, the Time weighted return can will be the same as the IRR so the IRR function on a spreadsheet can be used to find the return.
Year 0 return = -$10 per share
Year 1 = $0.25
Year 2 = $0.27
Year 3 = (0.29 + 15) = $15.29.
Time weighted return will be 16.83% as shown in the attachment.
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practice
20.2 Special Orders
Harvest, Inc. has received a special order for 3,000 boxes of crystal glassware for $30 per box. Harvest's variable costs per box are
$24, fixed costs per box are an additional $10 per box, and the normal selling price is $70 per box. Harvest has sufficient capacity to
produce the glassware. Harvest will incur special shipping costs of $2 per box for this special order. If the order is accepted, what will
be the effect on net income?
O $90,000 increase
$12,000 increase
O $18,000 decrease
O $12,000 decrease
Submit Answer
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If the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
What is break-even analysis?Break-even analysis is an accounting technique to ensure that a company does not incur losses from its transactions.
Using the technique, a corporation ensures that the total costs are at least equal to the total revenue or the contribution margin is sufficient to cover the fixed costs, which are not variable within a relevant range.
The technique is based on the concepts of contribution margin and variable costing.
Data and Calculations:Special order units = 3,000 boxes
Price per box for special order = $30
Variable costs per box = $24
Special shipping costs per box for the special order = $2
Contribution margin per box = $4 ($30 - $24 - $2)
Total Contribution Margin = $12,000 ($4 x 3,000)
Fixed costs = $30,000 ($10 x 3,000)
Normall selling price per box = $70
Thus, if the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
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Megan, Inc. has fixed costs of $390,000, sales price of $46, and variable cost of $38 per unit. How many units must be sold to earn profit of $50,000
Based on the information given the number of units that must be sold to earn profit of $50,000 is 55,000 units.
Number of units soldUsing this formula
Units sold=(Fixed cost+Profit)/( Sales price-Variable cost)
Let plug in the formula
Units sold= ($390,000 + $50,000)/($46 - $38)
Units sold=$440,000/8
Units sold=55,000 units
Inconclusion the number of units that must be sold to earn profit of $50,000 is 55,000 units.
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The economic inefficiencies of monopolistic competition may be offset by the fact that:.
The economic inefficiencies of monopolistic competition may be offset by the fact that consumers have variations of the product from which to choose from.
What is monopolistic competition?This is a type of market competition that exists given that there are a number of producers that are in competition against each other.
In this type of competition, the products that are selling are not perfect substitutes. Theyu are differentiated from each other.
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For for computation of pre-incorporation profit salary to vendor
Interest on purchase consideration, the salary of partners, and interest on vendor capital are to be charged during the pre-incorporation period.
Answer:
vendor is. OTreated as pre-incorporation.HURRY
Why can it be more expensive for clients to host a catered event at their home than at a hotel or restaurant?
It would be more expensive to host the event in their home than at the hotel due to the cost of the rental properties.
What are the rental properties needed for a home event?These would be for properties such as chairs, tables, china, linens and glass ware.
While hosting in a hotel, these properties would be provided by the event centre.
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a.
Which is the best way of getting feedback from a performance review?
Take good notes
b. Ask good questions
Arrive unprepared
d. Discuss the review with friends
c.
Please select the best answer from the choices provided
A
ОВ
Ο C
OD
Answer:
take good notes and ask good questions
Explanation:
why because taking good notes help you go through back again, ask good questions keeps it in ur mind....Answer:
a.
Take good notes
Explanation:
Ryan is a sales coordinator with a big bookstore that has outlets in several cities. He plans to start an e-publishing service that would enable networking among authors and readers. Which type of e-publishing would be appropriate for Ryan’s project?
Explanation:
sorry this version please
PLEASE ANSWER QUICKLY
The operating system cannot communicate with a printer. What is a solution?
(A) - Run a antimalware program
(B) - Update the printer device driver
(C) - Run the task manager utility
(D) - Delete temporary files
Answer:
B: Update the printer device router
Explanation:
Assume that Hartmann Company contributes 15% of employee monthly salaries to an employee 401k plan. Assuming $600,000 of monthly salaries, the journal entry to record the monthly contribution would include a __________ to __________ for $90,000.
a. debit; Pension Expense
b. debit; Cash
c. debit; Unfunded Pension Liability
d. credit; Unfunded Pension Liability
A strategic partnership with a supplier: _____________
a. Is a legal contract between a supplier and a buyer, binding them to certain financial obligations b. Is the ultimate object, or the end goal, that a company should have with every supplier c. Is a commitment over an extended period to work together to the mutual benefit of both parties
d. Is a significant benefit to the buyer, but may not be a significant benefit to the supplier
When suppliers are utilized more as “strategic partners” and simply suppliers of a product or service is for progressive purpose. Hence, it is the ultimate object, or the end goal, that a company should have with every supplier.
Strategic partnership with a supplierA strategic partnership program is an initiative that aims to transform the relationships of your most strategic suppliers into true strategic partners.
The company activates all of the resources that a supplier may have, including historical knowledge, experience and even data.
Therefore, the correct answer is option B.
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A tall organizational structure is usually more responsive to customer demands.
Is W. L. Gore a mechanistic or an organic organization? Support your answer with examples from the case
W. L. Gore has nearly 10,000 employees and more than $3 billion in annual revenues, but, as noted earlier, uses an extremely organic organizational structure. Employees have no bosses, participate on teams, and often create roles for themselves to fill functional gaps within the company.
larner corporation is a diversified
A manufacturing division has $1,800,000 in average assets and income of $720,000. The company's target rate is 8%. The division's residual income is $
576000
just divide the smallest number by the big number then you’ll get 576000
A manufacturing division has $1,800,000 in average assets and income of $720,000. The company's target rate is 8%. The division's residual income is $576,000. Thus, the accurate answer is $576,000.
What is residual income?
The income that is earned following the conclusion of manufacturing work is referred to as “residual income.” Royalties, interest and dividend income, rental and real estate revenue, and sales of consumer products are only a few examples of the residual income.
The formula of residual income are:
Residual Income = Net Operating Income (NOI) − (Minimum Required Return (MRR) × Cost of Operating Assets(COA)).
Net Operating Income = $720,000
Cost of Operating Assets = $1,800,000.
Minimum Required Return = 8%
RI = NOI—MRR × COA
RI = $720,000— $1,800,000 × 8%
RI = $720,000— $144,000
RI = $576,000.
Therefore, residual income is $576,000.
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Tali has recently joined a sports center as a service assistant. She's asked to set up a phone conference with several people she hasn't met yet. How should Tali begin the meeting to show that she understands professional conduct? O A. She should start off with a joke or a funny story. OB. She should talk about the most recent activities of the sports center. OC. She should introduce herself and explain the purpose of her call. OD. She should ask each person on the call to do a self-introduction.
Answer:
C -- She should introduce herself and explain the purpose of her call.
Explanation:
It is most professional to introduce herself this way. Also, Tali wants to show that she understands professional conduct.
Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!
Every day, your boss participates in a conference call from 1:00 PM to 2:00 PM. You know this, and today, instead of returning from lunch at 1:00, you decide to extend your lunch until 1:45. This is an example of
An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
What is called Shirking?A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
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Camile owns Crunch Code, a company that provides quick programming solutions. Clients send Crunch projects via their web page and Crunch bangs out the needed code as quickly as possible. Camile has five programmers who do all of the coding. On average, a project arrives once every 4.1 hours, with a standard deviation of 4.2 hours. Each project is assigned to one programmer and that programmer takes on average 18.6 hours to complete each project with a standard deviation of 18.6 hours.
Required:
How many uncompleted projects does Crunch Code have in the system on average at any given time?
The average number of uncompleted projects at any given time is equal to 11.955.
Given the following data:
Number of programmers, m = 5.Interarrival time, a = 4.1 hours.Standard deviation of interarrival time = 4.2 hours.Processing time, p = 18.6 hours.Standard deviation of processing time = 18.6 hours.How to calculate the average number of uncompleted projects.First of all, we would determine the squared coefficient of variation (SCV) of both the interarrival time and processing time as follows;
For interarrival time:
[tex]SCV = (\frac{\alpha _a}{a} )^2\\\\SCV = (\frac{4.2}{4.1} )^2\\\\SCV = (1.024 )^2\\\\[/tex]
SCV = 1.05.
For processing time:
[tex]SCV = (\frac{18.6}{18.6} )^2\\\\SCV = (1.0 )^2\\\\[/tex]
SCV = 1.0.
For utilization:
[tex]U=\frac{p}{ma} \\\\U=\frac{18.6}{5 \times 4.1}[/tex]
U = 0.907.
Next, we would determine the average number of projects that are waiting for a programmer by using this formula:
[tex]T_q=\frac{p}{m} \times \frac{u^{\sqrt{(2(m+1))-1}} }{1-u} \times\frac{C_a^2 + C_p^2}{2} \\\\T_q=\frac{18.6}{5} \times \frac{0.907^{\sqrt{(2(5+1))-1}} }{1-0.907} \times \frac{1.05^2 +1.0^2}{2} \\\\T_q=3.72 \times 7.7785\times 1.05125\\\\T_q=30.42[/tex]
The number of projects that are being programmed is given by:
[tex]I_p =mu\\\\I_p=5 \times 0.907\\\\I_p=4.535[/tex]
The number of customers that are waiting to be serviced is given by:
[tex]I_q=\frac{T_q}{a} \\\\I_q=\frac{30.42}{4.1} \\\\I_q=7.42[/tex]
Now, we can determine the average number of uncompleted projects at any given time as follows:
[tex]I=I_q+I_p\\\\I=7.42+4.535[/tex]
I = 11.955.
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Fund P has one-third of its funds invested in each of the three stocks. The risk-free rate is 4.5%, and the market is in equilibrium. (That is, required returns equal expected returns.) What is the market risk premium (rM - rRF)
The market risk premium of Fund P will be 5.5%.
How to calculate the market risk premium?It should be noted that as per CAPM, the return in stock will be:
= Risk free rate + Beta × Market risk premium
8.90% = 4.5% + 0.8 × Market risk premium.
Market risk premium = 5.5%
In conclusion, the market risk premium of Fund P will be 5.5%.
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Which feature provides the capability of setting a form field at a desired location in a form and restricting its movement?
A) Form anchoring
B) Conditional formatting
C) Expression Builder
D) Arrange tables
Answer:
A
Explanation:
The feature which provides the capability of setting a form field at a desired location in a form and restricting its movement is form anchoring.
What is form anchoring?It is the first piece of information on which maximum number of people relies for taking their decisions.
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7
Type the correct answer in the box. Spell all words correctly.
Name the stakeholder that Haddock, Inc. serves.
Haddock, Inc. is a huge transportation manufacturing unit based in Houston. When they adhere to the ethics of preventing air pollution, littering, and waste
management, they are essentially adhering to business ethics and serving the
When Haddock, Inc. adheres to the ethics of preventing air pollution, littering, and waste management, they are essentially adhering to business ethics and servicing government and communities stakeholders.
Who are the stakeholders of a business?A stakeholder is a person or an entity that has some vested interests in a company because they can either affect or be affected by a business' operations and performance.
Typically, an entity's stakeholders include the following groups:
InvestorsEmployeesCustomersSuppliersCommunitiesGovernmentsMediaTrade associations.Thus, when Haddock, Inc. adheres to the ethics of preventing air pollution, littering, and waste management, they are essentially adhering to business ethics and servicing government and communities stakeholders.
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Using the services of an accountant but the company has not received an invoice by the balance sheet date is an example of a/an _______________.
a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense
If a company spends $20 million to install new footwear-making equipment with capacity to produce 1 million pairs of athletic footwear at its North American production facility, then its annual depreciation costs at that facility will rise by: _________
Assuming the equipment has capacity to produce 1 million pairs of athletic. Its annual depreciation costs at that facility will rise by $2 million or 10%.
Annual depreciation costUsing this formula
Depreciation = (Cost of equipment - Estimated salvage value) / Estimated useful life
Depreciation= (20 - 0) / 10
Depreciation= $2 million
Or
Annual depreciation= 2/20 ×100
Annual depreciation= 10%
Therefore, the annual depreciation costs at that facility will rise by $2 million or 10%.
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The manager of operations at Beta Industries, has decided to change careers. For years, the company has been a market leader in manufacturing DVD players, but sales—and the manager’s advancement opportunities—have been declining for years. He told his wife, "Recent __________ have allowed smartphones and streaming to emerge as substitutes for DVD players. That's reality, and I need to face it."
The manager of operations at Beta Industries most likely told his wife that smartphones and streaming became substitutes thanks to advances in technology.
Why are smartphones and streaming now considered substitutes?As a result of technological advances which continually strive to improve on what is already there, there have been newer technological devices.
Smartphones and streaming services are examples of some of these advances and they have emerged as strong substitutes to DVD players which are not as mobile.
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Supply-side economics attempts to stimulate output and lower unemployment by
A).reducing taxes to stimulate investment and consumer spending.
B.)increasing government spending on public works projects.
C.)increasing government spending during times of high employment
D.)providing social programs as a safety net for the unemployed.
Supply-side economics attempts to stimulate output and lower unemployment by reducing taxes to stimulate investment and consumer spending.
What is supply-side economics?Supply-side economics is a economics theory that focuses on the supply of labour and goods. It postulates that taxes and benefits can be used as incentives to stimulate the economy.
Supply-side economics was introduced by Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.
Assume that product Adam, a product designed for the High-End segment, can reach its full potential market share next year. A good estimate for its full potential market share can be taken from the current year's market intelligence information. How much product should be produced to reach the full potential of the segment next year
The units of production of Adam to reach the full potential of the segment next year depends on its share of the market segment and the total potential market demand.
For instance, if the share of the market segment owned by Adam is 60% with total potential market demand of 20,000 units, the production units should be 12,000 units (20,000 x 60%).
What is market share?The market share refers to the percentage of an industry or a market's total sales earned by each participating company or brand over the past period.
The market share can be calculated as follows:
Market share = Adam's sales/Total market sales x 100
For example:The market share last year = 60% (6,000/10,000 x 100)
Because sales of Adam = 6,000
And market demand = 10,000
Thus, based on the company's or Adam's market share and the total potential market demand for the coming year, the production unit of Adam can be computed as 12,000 units.
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The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash $ 8,800 Accounts receivable $ 25,200 Inventory $ 47,400 Building and equipment, net $ 114,000 Accounts payable $ 28,425 Common stock $ 150,000 Retained earnings $ 16,975 The gross margin is 25% of sales. Actual and budgeted sales data: March (actual) $ 63,000 April $ 79,000 May $ 84,000 June $ 109,000 July $ 60,000 Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales. Each month’s ending inventory should equal 80% of the following month’s budgeted cost of goods sold. One-half of a month’s inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory. Monthly expenses are as follows: commissions, 12% of sales; rent, $3,600 per month; other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly. Depreciation is $855 per month (includes depreciation on new assets). Equipment costing $2,800 will be purchased for cash in April. Management would like to maintain a minimum cash balance of at least $4,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $20,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter. Required: Using the preceding data: 1. Complete the schedule of expected cash collections. 2. Complete the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases. 3. Complete the cash budget. 4. Prepare an absorption costing i
1. The computation of the schedule of expected cash collections for Shilow Company is as follows:
Schedule of Expected Cash CollectionsApril May June Total
Sales $79,000 $84,000 $60,000 $223,000
Cash Sales $47,400 $50,400 $65,400 $163,200
40% credit sales 25,200 31,600 33,600 90,400
Total cash collections $72,600 $82,000 $99,000 $253,600
2. The completion of the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases for Shilow Company are as follows:
Merchandise Purchases BudgetApril May June Total
Sales $79,000 $84,000 $109,000 $223,000
Cost of goods sold (75%) 59,250 63,000 81,750 204,000
Ending inventory 50,400 65,400 36,000 36,000
Goods available for sale $109,650 $125,400 $117,750
Beginning inventory 47,400 50,400 65,400 47,400
Purchases $62,250 $75,000 $52,350 $189,600
Schedule of Expected Cash Disbursements for Merchandise Purchases:April May June Total
Purchases $62,250 $75,000 $52,350 $189,600
50% month of purchase $31,125 $37,500 $26,175 $94,800
50% ffg month 28,425 31,125 37,500 97,050
Total cash payments $59,550 $68,625 $63,675 $191,850
3. The completion of the cash budget for Shilow Company is as follows:
April May June
Beginning cash balance $8,800 $4,030 $4,285
Total cash receipts 72,600 82,000 99,000
Loan 8,000 2,000
Total cash available $80,600 $88,030 $103,285
Total cash payments:
Purchases disbursements $59,550 $68,625 $63,675
Sales commission 9,480 10,080 13,080
Other expenses 4,740 5,040 6,540
Equipment 2,800
Total cash payments $76,570 $83,745 $83,295
Loan repayment with interest 10,180
Cash balance $4,030 $4,285 $9,810
Minimum cash balance $4,000 $4,000 $4,000
4. The preparation of the absorption costing income statement for Shilow Company is as follows:
Absorption Costing Income StatementApril May June
Sales $79,000 $84,000 $109,000
Cost of goods sold (75%) 59,250 63,000 81,750
Gross margin $19,750 $21,000 $27,250
Expenses:
Sales commission $9,480 $10,080 $13,080
Other expenses 4,740 5,040 6,540
Interest on loan 180
Depreciation 855 855 855
Total expenses $15,075 $15,975 $20,655
Net Income $4,675 $5,025 $6,595
Data and Calculations:Current assets as of March 31:
Cash $ 8,800
Accounts receivable $ 25,200
Inventory $ 47,400
Building and equipment, net $ 114,000
Accounts payable $ 28,425
Common stock $ 150,000
Retained earnings $ 16,975
Sales data Actual Budgeted Cash Credit
March (actual) $ 63,000 $37,800 $25,200
April $ 79,000 $47,400 $31,600
May $ 84,000 50,400 33,600
June $ 109,000 65,400 43,600
July $ 60,000 36,000 24,000
Sales:
60% cash
40% credit
Credit sales are collected in the month following the sale.
Interest on Loan = $180 ($8,000 x 1% + $10,000 x 1%)
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