Answer:
long-term liability or fixed asset
Explanation:
they're due in over a year's time
Hassock Corp. produces woven wall hangings. It takes 2 hours of direct labor to produce a single wall hanging. Hassock’s standard labor cost is $12 per hour. During August, Hassock produced 19,000 units and used 38,140 hours of direct labor at a total cost of $454,680. What is Hassock’s labor efficiency variance for August?a. $2,989 favorable.
b. $3,000 unfavorable.
c. $3,000 favorable.
d. $5,989 favorable.
e. $2,989 unfavorable.
Answer:
the labor efficiency variance for August is $1,680 unfavorable
Explanation:
The computation of the labor efficiency variance is shown below:
Labor efficiency variance is
= (Standard hours - Actual hours) × Standard rate
where,
Standard hours is
= 19,000 units × 2
= 38,000 hours
Now
Labor efficiency variance is
= (38,000 - 38,140) × $12
= $1,680 unfavorable
Hence, the labor efficiency variance for August is $1,680 unfavorable
This is the answer and the same is not provided in the given options
What evidence demonstrating your own leadership development have you gathered so far? (please list)
Answer:
The evidence that shows my own leadership development is:
Communication capacity Organization Calm and rationality proactivity ability to work as a team.Explanation:
Although there is still a long way to go for me to consider that I have a strong leadership spirit, I can consider some evidences in my personality and my abilities that announce that I have developed as a leader. Among these evidences I can mention my ability to communicate with people, explaining concepts and attitudes that we must have to reach our goals. This is linked to my ability to work as a team, managing it to success.
They are also a calm and rational person, which shows that I will have good control in the face of difficulties that may arise, without forgetting that I am very proactive and organized, which will facilitate the work to be done.
A fund of real estate holdings that can be privately held or publicly traded on an exchange is a __________.a. syndicate.
b. limited partnership.
c. real estate investment trust.
d. direct investment fund.
e. mortgage-backed fund.
Answer:
c. real estate investment trust.
Explanation:
Real estate investment trust are businesses that own real estate that is used to generate revenue.
They include office spaces, apartments, hospitals, hotels, shopping malls and so on.
So when there is fund of real estate holdings that can be privately held or publicly traded on an exchange, it is a real estate investment trust.
REIT provides a long term and stable source of income as real estate properties tend to appreciate over time. They also pay lower corporate tax
A partnership has the following balance sheet prior to liquidation (partners’ profit and loss ratios are in parentheses):Cash $ 33,000 Liabilities $ 50,000Other assets 100,000 Playa, capital (40%) 24,000Bahia, capital (30%) 29,000Arco, capital (30%) 30,000Total $ 133,000 Total $ 133,000During liquidation, other assets are sold for $80,000, liabilities are paid in full, and $15,000 in liquidation expenses are paid. What amount of cash does each partner receive as a result of this liquidation?Multiple ChoicePlaya, $16,000; Bahia, $23,000; Arco, $24,000.Playa, $19,200; Bahia, $14,400; Arco, $14,400.Playa, $6,000; Bahia, $4,500; Arco, $4,500.Playa, $10,000; Bahia, $18,500; Arco, $19,500.
Answer:
Playa, $10,000; Bahia, $18,500; Arco, $19,500.
Explanation:
Cash $33,000
Other assets $100,000
Total $133,000
Liabilities $50,000
Playa, capital (40%) $24,000
Bahia, capital (30%) $29,000
Arco, capital (30%) $30,000
Total $133,000
other assets sold for $80,000 resulting in a $20,000 loss
cash = $33,000 + $80,000 = $113,000
- liabilities ($50,000)
$63,000
- liquidation expenses ($15,000)
remaining cash $48,000
total loss = $20,000 + $15,000 = $35,000
partners' share of loss:
Playa = $14,000
Bahia = $10,500
Arco = $10,500
remaining capital accounts:
Playa = $24,000 - $14,000 = $10,000
Bahia = $29,000 - $10,500 = $18,500
Arco = $30,000 - $10,500 = $19,500
Crane Company issues $255,000, 20-year, 6% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
June 1, 2022
Cash 262650 Dr
Bonds Payable 255000 Cr
Premium on bonds payable 7650 Cr
Explanation:
As the bonds with a face value of $255000 are issued at 103%, this means that they are being issued at a premium of 3 percent. The premium on bonds payable will be,
Premium on bonds payable = 255000 * 0.03 = 7650
We will debit the cash received from issuing the bonds that is face value of the bond plus premium. The cash receipt will be = 255000 + 7650 = 262650
The journal entry will be to be to debit cash and credit bonds payable and premium on bonds payable
The Jewel Golf Club Company, which recently began using a Kanban system, has had problems with high inventory levels of one of the handle grips used to make several versions of its clubs. Daily demand for the grip is 3000 units, average waiting time during production is 0.20 day, processing time is 0.10 day per container, and a container holds 150 grips. How many Kanban containers would Jewel require if a 15% policy variable is used?
a. three or fewer
b. four or five
c. six or seven
d. eight or more
Answer:
c. six or seven
Explanation:
The computation of the number of kanban containers required is shown below:
Number of Kanbans = (Average Demand During lead Time + Safety Stock) ÷ Size of container
= (3,000 units × 0.3 + 0.15 × 3000 × 0.3) ÷ (150)
= (900 + 135) ÷ 150
= 6.9
So the number of kanbans required is 6.9 i.e. it lies between six or seven
hence the correct option is c.
On January 1, 2020, Smith Co. issued eight-year bonds with a face value of $6,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%.
Present value of 1 for 8 periods at 6% 0.627
Present value of 1 for 8 periods at 8% 0.540
Present value of 1 for 16 periods at 3% 0.623
Present value of 1 for 16 periods at 4% 0.534
Present value of annuity for 8 periods at 6% 6.210
Present value of annuity for 8 periods at 8% 5.747
Present value of annuity for 16 periods at 3% 12.561
Present value of annuity for 16 periods at 40% 11.652
a. The present value of the interest is:_________
b. The present value of the principal is:_________
c. The price of bond is:_________
Answer:
a. The present value of the interest is:_________
PV of coupon payments = coupon x PV annuity factor, 4%, 16 periods = $180,000 x 11.652 = $2,097,360
b. The present value of the principal is:_________
PV of face value = face value x PV 4%, 16 periods = $6,000,000 x 0.534 = $3,204,000
c. The price of bond is:_________
market price of the bonds = $2,097,360 + $3,204,000 = $5,301,360
since the market rate is higher than the coupon rate, the bonds will always be sold at a discount
Find the future value one year from now of an $8,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years.
Answer:
If investment is made for one year, Future value = $8240
If investment is made for two years, Future value = $8487.2
Explanation:
The future value of a cash flow can be calculated using the following formula,
Future value = Present value * (1+i)^t
Where,
i is the rate of interest t is the time periodAs the interest rate is compounded annually, the future value after one year will be,
After one year
Future value = 8000 * (1+0.03)^1
Future value = $8240
After two year
Future value = 8000 * (1+0.03)^2
Future value = $8487.2
What is the IRR for a project that costs $100,000 and provides annual cash inflows of $30,000 for 6 years starting one year from today
Answer:
19.91 %
Explanation:
The Internal Rate of Return (IRR) is the Interest rate that will make the present values of cashflows equal to the price of the Initial investment.
Calculation of IRR of Project A using a Financial Calculator :
($100,000) CFj
$30,000 Cfj
$30,000 Cfj
$30,000 Cfj
$30,000 Cfj
$30,000 Cfj
$30,000 Cfj
Shift IRR/YR 19.9054 or 19.91 %
A periodic system of inventory:
A. reduces record keeping.
B. increases record keeping.
C. increases the cost of maintaining inventory.
D. eliminates the need for a physical count.
Answer:
A. reduces record keeping.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
Hence, a periodic system of inventory reduces record keeping because there's no continuous records in real-time of the amount of inventory sold or purchased by the customers.
40 points Please answer
Discuss how the marketing mix affects your daily life. How might you use what you know about marketing in your career?
Explanation
I cannot even count the amount of times in our daily lives where we have to make decisions. If you invest a few minutes in analyzing it, the result would be the thought of endless products, services and life decisions being made every day some of them without even much thought
What should I wear
What should I eat
What am I going to do today
What school should I choose
Will I be buying my coffee from Starbucks, McCafe or at my local coffee shop?
In particular, product and services related decisions have turned to be routine answers made automatically every day, they help move the economy of cities, countries and ultimately the world.
OCF from Several Approaches [L01] A proposed new project has projected sales of $125,000, costs of $59,000, and depreciation of $12,800. The tax rate is 35 percent. Calculate operating cash flow using the four different approaches described in the chapter and verify that the answer is the same in each case.
Answer:
Please see below
Explanation:
In order to calculate the operating cash flow, we will get the value of net income. The income statement is calculated as;
Sales
$125,000
Less :
Costs
($59,000)
Depreciation
($12,800)
EBIT
$53,200
Less tax 35%
($18,620)
Net income
$34,580
1. Using the tax shield method
OCF = (Sales - Costs)(1 - Tax) + Tax(Depreciation)
OCF = ($125,000 - $59,000)(1 - 35%) + 35%($12,800)
OCF = ($66,000)(0.65) + $4,480
OCF = $42,900 + $4,480
OCF = 47,380
2. Using the financial calculation
OCF = EBIT + Depreciation - Taxes
OCF = $53,200 + $12,800 - $18,620
OCF = $47,380
3. Using the top down approach
OCF = Sales - Costs - Taxes
OCF = $125,000 - $59,000 - $18,620
OCF = $47,380
4. Using the bottom up approach
OCF = Net income + Depreciation
OCF = $34,580 + $12,800
OCF = $47,380
Managing the relationship between current assets and current liabilities of the firm in order to improve the flow of funds is called
Answer:
Working capital management
Explanation:
Working capital management refers to managing the working capital
Here working capital means
Working capital = Current assets - current liabilities
It is used for managing for the short term
The current asset involved cash, account receivable, stock etc
The current liabilities is an account payable, etc
Therefore according to the given situation, the working capital management is the answer
Also it improves the funds flow
The balance in the Bonds Payable is a credit of $79,000. The balance in the Premium on Bonds Payable is a credit of $1,600. What is the bond carrying amount?
a. $1,600
b. $80,600
c. $79,000
d. $77,400
Answer:
b. $80,600
Explanation:
The computation of the bond carrying amount is shown below:
= Balance in the bond payable + premium on bond payable
= $79,000 + $1,600
= $80,600
Hence, the bond carrying amount is $80,600
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Therefore the correct option is b.
Ming Company had net income of exist767, 200 based on variable costing. Beginning and ending inventories were 7, 300 units and 4, 700 units, respectively. Assume the fixed overhead per unit was exist2.50 for both the beginning and ending inventory. What is net income under absorption costing? When the number of units sold exceeds the number of units produced, net income under absorption costing will be: Lower than income using variable costing The difference in income is equal to: The number of units subtracted from inventory multiplied by the fixed overhead per unit Net Income under variable costing Fixed overhead per unit Net income under absorption costing
Answer:
Part 1
Absorption Costing Net Income = $760,700
Part 2
Income under absorption costing will be: Lower than income using variable costing
Explanation:
The difference in net income under absorption costing and variable costing is because of fixed costs that are in closing inventory.
If we are given net income under one method we can find the net income under the other method by performing a reconciliation as follows :
Reconciliation of Variable Costing Income to Absorption Costing Income
Variable Costing Net Income $767, 200
Add fixed cost in closing stock (4, 700 × $2.50) $11,750
Less fixed costs in opening stock (7, 300 × $2.50) ($18,250)
Absorption Costing Net Income $760,700
If your nominal rate of return is 14.38 percent and your real rate of return is 4.97 percent, what is the inflation rate
Answer:
try 1.35Explanation:
An example of a monopoly would be: __________
a. the local electric utility.
b. one of the few U.S.
c. auto makers.
d. Verizon cell phone service.
e. Burger King one of many U.S. grain producers.
Answer: a. the local electric utility.
Explanation:
A monopoly is a firm that is the only supplier in its market/ industry in an area. Electric utility companies are usually the only ones offering electricity in their areas so this is a monopoly.
One of a few U.S. ... is not a monopoly as there are a few of them. Auto makers do not have a monopoly as there are several of them as well such as Ford and General Motors. The Cell Phone service market has other providers apart from Verizon and Burger King is definitely not a monopoly.
Wandering RV is evaluating a capital budgeting project that is expected to generate $36,950 per year during its six-year life. If its required rate of return is 10 percent, what is the value of the project to Wandering RV?
Answer:
the value of the project is $16,096.88
Explanation:
The computation of the value of the project is shown below:
= (Expected amount generated per year × (1 - (1 ++ rate of returm)^-time period )) ÷ rate of return
= $36,950 × [1 - 1.1^-6] ÷ 0.1
= $16,0926.88
Hence, the value of the project is $16,096.88
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The State of Adaven issued $50 million of perpetual bonds in 1990. The bonds were issued in $100 denominations with an annual coupon interest rate of 5%. Determine the rate of return or current yield on these bonds if they are purchased at the current price of $40.a. 12.5%.b. 8.0%.c. 5.0%.d. 1.25%.
Answer: 12.5%
Explanation:
From the question, we are informed that the State of Adaven issued $50 million of perpetual bonds in 1990 and that the bonds were issued in $100 denominations with an annual coupon interest rate of 5%.
The rate of return or current yield on these bonds if they are purchased at the current price of $40 will be calculated as:
= (5% × $100)/$40
= $5/$40
= 0.125 or 12.5%
Raven Company has a target of earning $71,200 pre-tax income. The contribution margin ratio is 16%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $38,400
Answer:
$685,000
Explanation:
First and foremost, the formula for determining the contribution margin ratio can be used to determine the target dollars sales as shown below:
contribution margin ratio=contibution margin/sales revenue
contribution margin ratio=16%
contribution margin required=pretax income+fixed costs
contribution margin required=$71,200+$38,400=$109,600
16%=$109,600/sales revenue
16%*sales revenue=$109,600
sales revenue=$109,600/16%
sales revenue=$685,000
When there is excess supply of loanable funds, interest rates will rise in response. A. True B. False
Answer:
that is my answer
Explanation:
i choose A Flase
Which of the following is an example of an effective persuasive speech topic for a group of elementary school children?
a.
the origins of Santa Claus in different cultures around the world
b.
abstinence: the best protection
c.
read at least 20 minutes a day
d.
staying in school is cool
Answer: d. staying in school is cool
Explanation:
An elementary school has children who have grown past childhood but have not yet reached teenagerhood. Persuasive topics for them would therefore have to be tailored to their level of understanding.
Based on the options, the best would be to teach them to stay in school. The origins of Santa Claus is for their juniors and abstinence is for their seniors as well as reading 20 minutes a day. Staying in school is great for their age as it instils the values of education at a time they can understand it.
What was the economy like before the corona virus??
Please help!!
5-8 lines
Answer:
BEFORE the virus, the economy was running (not perfectly) but smoothly. You could go to school without the worry of a death sentence. Marriages were more common before the virus. Concerts were available. You could go out and do things. Bears didn't have to leave the mountains for food. Businesses were running easier.
Explanation:
I hope this helps.
__ involves having a variety of investments in your __
Answer
Diverting, and Savings
Explanation:
That dummy said say hey. Like that's the answer what a loser. I hope this is right sorry if its wrong that's what i got.
Answer:
Diverting involves having a variety of investments in your savings.
Explanation:
Career research and decision making
1. Define your problem related to college or career goals.
Answer: The difficulty of choosing the right career
Explanation: One of the major problems I experienced was choosing the right career for me. When you are young and just got out of high school right away you think about college but, what career is the right one? that was not just my problem but a lot of young adults and teenagers deal with this.
The thing is people feel pressure in going to college and sometimes make bad decisions when choosing a career, thats why is important to take some time before deciding which career studying.
Hadi makes wooden souvenirs to sell them during Baalbek festivals. Hadi believes if he puts more effort his small business will grow up, thus he increases the working hour of each worker from 50 hours per month to 60 hours per month. Hadi is interested in determining his productivity, He has the following data:
Month 1 Month 2
Output 250 units 320 unit
Worker 4 employees, cost per hour $5 4 employees, cost per hour $5
Overhead Expenses $600 $700
Find the worker productivity per dollar of Month 1 (6 points) *
None of the above
1.25
0.25
12.5
Find the change in worker productivity per labor hour. (6 points) *
6.7%
6.4%
6.5%
6.6%
Find the total productivity of Month 2. (6 points) *
0.17
0.16
0.15
0.18
Find the change of the total productivity (7 points) *
6.7%
6.5%
6.8%
6.6%
Answer:
1.25
6.4%
0.17
not sure of the last one
Explanation:
List Corporation reported pretax accounting income of $90,000, but due to temporary differences, taxable income is only $50,000. Assuming a tax rate of 40%, the income statement should report net income of:
a) $20,000
b) $36,000
c) $54,000
d) $16,000
Assume the beta for the stock market in general is 1.0 and the beta for World-Wide Television Productions is 2.8. If the stock market increases in value by 5 percent, what is the expected increase in value for the World-Wide Productions stock?
Answer:
Stock increase = 14%
Explanation:
Market increase = 5%
Stock Beta = 2.8
Stock increase = Stock beta * Market Increase
Stock increase = 2.8*5%
Stock increase = 0.14
Stock increase = 14%
The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:
Dr Cr
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Answer:
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Explanation:
Elucidate four proprties associated with a bona fide business plan
Answer:
E-2 treaty investor visas are for citizens of countries with which the United States maintain treaties of commerce and navigation. A business plan is one form of evidence that can be used to help demonstrates that the E-2 application meets program requirements.
Explanation: