When Waldo Inc. purchases equipment and signs a note in exchange, the note should be recognized at: the present value of the future cash flows associated with the note.
In this case, the note specifies an interest rate of 8%, which is higher than the market rate of approximately 6%. This means that the note carries a higher risk than other loans in the market, and therefore, its future cash flows should be discounted at a higher rate to account for the increased risk.
To calculate the present value of the note, Waldo Inc. would need to discount the future cash flows at the market rate of 6%. This will result in a lower present value than if the cash flows were discounted at 8%.
The difference between the face value of the note and the present value of the future cash flows is the amount of interest expense that Waldo Inc. will recognize over the life of the note.
It is important to note that the market rate is an estimate and may change over time. If the market rate changes, Waldo Inc. will need to reevaluate the present value of the note and adjust the interest expense accordingly.
Overall, recognizing the note at the present value of its future cash flows allows for a more accurate representation of the cost of borrowing for Waldo Inc. and helps to ensure that financial statements are fairly presented.
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in your company, the invoice verification clerks are working with the Release Blocked Invoices app. For which kind of blocked invoices can they use automatic release function?
In our company, the invoice verification clerks are utilizing the Release Blocked Invoices app which allows for the automatic release of certain types of blocked invoices. Specifically, this app can be used to automatically release invoices that are blocked due to price or quantity variances.
Invoices that have been blocked due to other issues, such as missing or incorrect information, cannot be released automatically and require manual intervention.
The Release Blocked Invoices app streamlines the invoice verification process and helps to ensure that invoices are processed quickly and accurately. By automating the release of invoices that meet certain criteria, the app frees up valuable time for the invoice verification clerks to focus on other tasks. This ultimately leads to increased efficiency and productivity within the company.
It is important to note that while the app can be used for automatic release of certain types of blocked invoices, it is still necessary for the invoice verification clerks to review and confirm the accuracy of the invoice information before the release takes place. This ensures that any errors or discrepancies are caught and corrected before payment is made.
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1. which of the following is not an example of a membership organization? the bill and melinda gates foundation public relations society of america miami chamber of commerce american beverage association
The American Beverage Association is not an example of a membership organization.
The Bill and Melinda Gates Foundation, Public Relations Society of America, and Miami Chamber of Commerce are all membership organizations as they have members who pay dues and have a say in the organization's operations. The American Beverage Association, on the other hand, is a trade association that represents the interests of beverage companies, but it does not have individual members. Trade associations typically represent specific industries and advocate for policies that benefit their members. Membership organizations, on the other hand, are typically non-profit organizations that have members who share a common interest or goal, such as a professional association or a community organization.
In summary, while the Bill and Melinda Gates Foundation, Public Relations Society of America, and Miami Chamber of Commerce are examples of membership organizations, the American Beverage Association is a trade association and not a membership organization.
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julian transferred 100 percent of his stock in lemon company to apricot corporation in a type b stock-for stock exchange. in exchange, he received stock in apricot with a fair market value of $332,500. julian's tax basis in the lemon stock was $665,000. what amount of loss does julian recognize in the exchange and what is his basis in the apricot stock he receives?
Apricot stock will be $332,500.
In this scenario, Julian has transferred all of his stock in Lemon Company to Apricot Corporation in exchange for stock in Apricot.
This is known as a type B stock-for-stock exchange. The fair market value of the stock received by Julian in Apricot is $332,500, which means that he has received this amount in exchange for his Lemon Company stock.
To determine the amount of loss that Julian recognizes in the exchange, we need to calculate the difference between the fair market value of the stock received and his tax basis in the Lemon Company stock.
This gives us a loss of $332,500 - $665,000 = -$332,500. Since this is a negative value, it means that Julian has actually recognized a loss in the exchange.
As for Julian's basis in the Apricot stock he receives, this will be equal to the fair market value of the stock received. Therefore, his basis in the Apricot stock will be $332,500. It is important to note that this basis will be used to calculate any future gains or losses when Julian decides to sell the Apricot stock.
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After receiving a Part 107 remote pilot certificate with an sUAS rating, how often must you satisfy recurrent training requirements?
A.
Every 12 months
B.
Every 6 months
C.
Every 24 months
After receiving a Part 107 remote pilot certificate with an sUAS rating, you must satisfy recurrent training requirements every 24 months. This means that every two years, you must pass a recurrent knowledge test or complete a recurrent training course to ensure that you are up-to-date with any changes to regulations, technology, and best practices.
It is important to note that this requirement applies to all remote pilots, regardless of their experience level or flying frequency. Failing to meet the recurrent training requirements can result in the suspension or revocation of your remote pilot certificate.
Therefore, it is essential to stay informed and prepared for any updates or changes that may affect your operations as a remote pilot. Additionally, it is always recommended to continue learning and staying current on industry developments beyond the minimum requirements to maintain a high level of safety and professionalism.
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External failure costs include: ma. Rework b. Repairs. c. Training. Od. Inspections of materials.
External failure costs include both a) rework and b)repairs. These costs are incurred when a product or service does not meet customer expectations and needs to be corrected or replaced.
a) Rework involves fixing the defects in the product or service, while b) repairs involve restoring the functionality of a damaged or faulty product. External failure costs can have a negative impact on a company's reputation and customer satisfaction. It's essential for businesses to minimize external failure costs by implementing effective quality control measures, such as training employees and conducting thorough inspections of materials. By doing so, companies can reduce the chances of product defects and maintain a high level of customer satisfaction.
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On January 1, 2019. Pop Co. acquired 75% of the outstanding common shares of Soda Inc. for $161.250 cash. On that date, Soda had common shares of $156.250 and retained earnings of $31.250. At acquisition, the Identifiable assets and liabilities of Soda had fair values that were equal to carrying amounts except for inventory, which had fair value $8.000 greater than carrying amount and plant and equipment, which had fair values $10,000 greater than carrying amounts. The plant and equipment had a remaining useful life of 5 years on January 1, 2019. Any goodwill will be tested yearly for Impairment. Balance sheets as at December 31, 2019 are presented below. Cash Accounts receivable Inventory Land Plant & Equipment, net Investment in Soda Inc. - equity Pop Co. $ 10, eee 38,750 75,250 50,880 150, eee 168,5ee $492,500 $ 45, 5ee Soda Inc. $ 5,888 42,250 62,500 100,000 175,080 Current liabilities Bonds payable Common shares Retained earnings $ 384,750 $ 47,125 128, 125 156,250 53,25e $ 384,750 338,888 109, eee $492,500 For 2019. Soda Inc. reported net Income of $37.000 and paid dividends of $15.000. Pop Co. reported net Income for 2019 of $50.000 and paid dividends of $25,000 An Impalment test on goodwill conducted on December 31, 2019. Indicated that a $500 loss had occurred. What was the amount of goodwill that arose on the acquisition of Soda's common shares on January 1, 2019? Multiple Choice (59,250) $7125 $27.500 $9.500
The amount of goodwill that arose on the acquisition of Soda's common shares on January 1, 2019 is $27,500.
To calculate this, we need to first determine the purchase price allocation.
Purchase price = $161,250
Fair value of identifiable net assets:
- Cash = $5,888
- Accounts receivable = $42,250
- Inventory = $70,500 ($62,500 + $8,000)
- Land = $100,000
- Plant and equipment, net = $185,080 ($175,080 + $10,000)
Total fair value of identifiable net assets = $404,718
Purchase price in excess of fair value of identifiable net assets = $161,250 - $404,718 = $(-243,468)
Since the purchase price is greater than the fair value of identifiable net assets, this indicates that there is negative goodwill.
However, negative goodwill cannot be recognized on the balance sheet. Instead, we allocate the excess purchase price to the fair value of the identifiable net assets. This results in a reduction in the fair value of identifiable net assets and creates goodwill.
Fair value of identifiable net assets = $404,718 - $(-243,468) = $648,186
Goodwill = Purchase price - Fair value of identifiable net assets
Goodwill = $161,250 - $648,186 = $(-486,936)
Again, negative goodwill cannot be recognized on the balance sheet. Therefore, the goodwill is zero.
However, since the question indicates that an impairment loss of $500 occurred, this implies that there was goodwill recorded. We can calculate the amount of goodwill by rearranging the above equation:
Goodwill = Purchase price - Fair value of identifiable net assets - Impairment loss
Goodwill = $161,250 - $648,186 - $500 = $(-487,436)
Again, negative goodwill cannot be recognized on the balance sheet, so we need to adjust the goodwill to zero.
Therefore, the amount of goodwill that arose on the acquisition of Soda's common shares on January 1, 2019 is $0.
None of the multiple choice answers are correct.
Difend Cleaners has been considering the purchase of an industrial dry-cleaning machine. The existing machine is operable for three more years and will have a zero disposal price. If the machine is disposed now, it may be sold for $100,000. The new machine will cost $350,000 and an additional cash investment in working capital of $100,000 will be required. The new machine will reduce the average amount of time required to wash clothing and will decrease labor costs. The investment is expected to net $110,000 in additional cash inflows during the first year of acquisition and $250,000 each additional year of use. The new machine has a three-year life, and zero disposal value. These cash flows will generally occur throughout the year and are recognized at the end of each year. Income taxes are not considered in this problem. The working capital investment will not be recovered at the end of the asset's life.
What is the net present value of the investment, assuming the required rate of return is 10%? Would the company want to purchase the new machine?
A) $144,240 ; yes
B) $180,000 ; yes
C) $(180,000); no
D) $(144,240); no
The net present value of the investment in the new machine, considering the cash flows and required rate of return of 10%, is A) $144,240 ; yes
To calculate the net present value (NPV), we need to find the present value of all cash inflows and outflows.
Initial cash outflow:
Purchase price of new machine = -$350,000
Additional working capital investment = -$100,000
Total initial cash outflow = -$450,000
Cash inflows:
Year 1 = $110,000
Year 2 = $250,000
Year 3 = $250,000
Total cash inflows = $610,000
Using a financial calculator or Excel, we can calculate the present value of these cash flows at a discount rate of 10%:
NPV = -$450,000 + $110,000/(1+0.1) + $250,000/(1+0.1)^2 + $250,000/(1+0.1)^3
NPV = $144,240
Since the NPV is positive, the investment is expected to generate a return greater than the required rate of return of 10%. Therefore, the company should purchase the new machine.
The correct answer is A) $144,240 ; yes.
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If Weight Watchers is interested in collecting information about Americans' perceptions of dieting programs, and the company believes that significant regional differences may exist, the best type of sampling would be
a) random.
b) quota.
c) population.
d) stratified.
e) nonquota.
If Weight Watchers is interested in collecting information about Americans' perceptions of dieting programs and believes that significant regional differences may exist, the best type of sampling would be stratified sampling.
which is usually not feasible or practical. Nonquota sampling is not a recognized sampling method.Stratified sampling involves dividing the population into subgroups or strata based on relevant characteristics, such as region, and then randomly selecting participants from each subgroup in proportion to their representation in the overall population. This ensures that the sample is representative of the population and allows for more accurate comparisons between different regions.Weight Watchers may find that perceptions of dieting programs differ across regions due to cultural and lifestyle factors, such as regional cuisine and exercise habits. By using stratified sampling, Weight Watchers can ensure that they capture these regional differences in their data collection, which can help them tailor their marketing and outreach efforts to better serve different regions.In contrast, random sampling involves selecting participants entirely at random, which may not capture the regional differences that Weight Watchers is interested in. Quota sampling involves selecting a predetermined number of participants from each subgroup, regardless of their representation in the population, which can introduce bias into the sample. Population sampling involves surveying the entire population.
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Because checking accounts are _____ liquid for the depositor than passbook savings, they earn _____ interest rates.
A) less; higher.
B) less; lower.
C) more; higher.
D) more; lower.
Because checking accounts are less liquid for the depositor than passbook savings, they earn lower interest rates. option(B).
Checking accounts are less liquid for depositors compared to passbook savings accounts because they are designed for frequent transactions and withdrawals, often with check writing and debit card access.
Additionally, checking accounts typically offer lower interest rates or no interest at all, as they prioritize convenience and accessibility over earning potential.
Because checking accounts are more liquid for the depositor than passbook savings, they earn lower interest rates.
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Amortization of discount on note. On December 31, 2015, Green Company finished consultation services and accepted in exchange a promissory note with a face value of €400,000, a due date of December 31, 2018, and a stated rate of 5%, with interest receivable at the end of each year. The fair value of the services is not readily determinable and the note is not readily marketable. Under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%. The following interest factors are provided: Interest Rate Table Factors For Three Periods 5% 10% Future Value of 1 1.15763 1.33100 Present Value of 1 .86384 .75132 Future Value of Ordinary Annuity of 1 3.15250 3.31000 Present Value of Ordinary Annuity of 1 2.72325 2.48685 Instructions (a) Determine the present value of the note. (b) Prepare a Schedule of Note Discount Amortization for Green Company under the effective interest method. (Round to whole dollars.)
To determine the present value of the note, we need to calculate the present value of the principal and the interest payments.
We can use the present value of an annuity formula to calculate the present value of the interest payments and the present value of a single-sum formula to calculate the present value of the principal.
Present value of principal = Face value of note × Present value factor for three periods at 10%
Present value of principal = €400,000 × 0.75132
Present value of principal = €300,528
Present value of interest payments = Annual interest payment × Present value factor of an annuity for three periods at 10%
Annual interest payment = Face value of note × Stated interest rate = €400,000 × 5% = €20,000
Present value of interest payments = €20,000 × 2.48685
Present value of interest payments = €49,737
Present value of note = Present value of principal + Present value of interest payments
Present value of note = €300,528 + €49,737
Present value of note = €350,265
(b) We can use the effective interest method to prepare the schedule of note discount amortization. Under this method, interest expense is calculated as the difference between the effective interest rate (10%) and the cash interest paid each year. The difference between the interest expense and the cash interest paid is the discount amortization.
Schedule of Note Discount Amortization:
Year Cash Interest Interest Expense Discount Amortization Carrying Value
2016 €20,000 €35,027 €15,027 €385,027
2017 €20,000 €38,503 €18,503 €403,530
2018 €20,000 €42,209 €22,209 €425,739
Note: Carrying value is the sum of the present value of the principal and the present value of the remaining interest payments.
The discount amortization for the first year is calculated as follows:
Discount amortization = Interest expense - Cash interest paid
Discount amortization = €35,027 - €20,000
Discount amortization = €15,027
The carrying value at the end of the first year is calculated as follows:
Carrying value = Present value of principal + Present value of interest payments - Discount amortization
Carrying value = €300,528 + €49,737 - €15,027
Carrying value = €335,238
The discount amortization, carrying value, and interest expense for the remaining years can be calculated in a similar manner.
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the roi formula typically uses blank . multiple choice question. average operating and non-operating assets for the year average operating assets for the year end of year operating and non-operating assets end of year operating assets
The ROI formula typically uses average operating assets for the year. The correct option is B
This is calculated by adding the beginning and ending operating asset balances and dividing by two. ROI, or return on investment, is a performance metric used to evaluate the efficiency of an investment or to compare the profitability of different investments.
It measures the amount of return earned on an investment relative to its cost. The ROI formula is calculated by dividing the net income of an investment by the total investment cost, and multiplying by 100 to express it as a percentage.
By using average operating assets for the year in the denominator, ROI takes into account the change in investment over the course of the year, rather than just a single point in time. This allows for a more accurate measurement of the efficiency of the investment.
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the ROI formula typically uses _____ blank . multiple choice question.
a. average operating and non-operating assets for the year
b. average operating assets for the year
c. end of year operating and non-operating assets
d. end of year operating assets
on january 1, applied technologies corporation (atc) issued $670,000 in bonds that mature in 10 years. the bonds have a stated interest rate of 9 percent. when the bonds were issued, the market interest rate was 9 percent. the bonds pay interest once per year on december 31.
ATC will make an interest payment to the bondholders equal to $60,300. This will continue for the next 10 years until the bonds mature.
On January 1, Applied Technologies Corporation (ATC) issued $670,000 in bonds with a 10-year maturity.
These bonds have a stated interest rate of 9%. Since the market interest rate was also 9% when the bonds were issued, they were likely sold at par value. The bonds pay interest annually on December 31.
When Applied Technologies Corporation (ATC) issued $670,000 in bonds with a 10-year maturity on January 1, it meant that ATC borrowed $670,000 from investors who purchased the bonds. In exchange for loaning this money to ATC, the investors received a bond certificate that represents the debt owed by ATC.
The bonds have a stated interest rate of 9%. This means that ATC is obligated to pay 9% of the bond's face value as interest to the bondholders each year. In this case, since the face value of the bonds is $670,000, the annual interest payment would be $60,300 ($670,000 x 0.09).
When the bonds were issued, the market interest rate was also 9%. This means that the interest rate on the bonds was in line with the prevailing market rate, and as a result, the bonds were likely sold at their par value of $670,000.
The bonds pay interest annually on December 31, meaning that each year on December 31, ATC will make an interest payment to the bondholders equal to $60,300. This will continue for the next 10 years until the bonds mature.
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Throughout the Sprint, Development Team tracks the remaining work and the trend. At a minimum, the remaining work must be updated
Throughout the Sprint, the Development Team is responsible for tracking the progress of the work that needs to be completed. This includes keeping a close eye on the remaining work that needs to be done and updating it accordingly. The team also tracks the trend of progress throughout the Sprint, which helps them to identify potential roadblocks and obstacles that may be hindering their progress.
To ensure that the project remains on track and that everyone is aware of the current status of the work, the Development Team must update the remaining work at a minimum. This means that they need to regularly review the work that has been completed, assess how much more work needs to be done, and update the remaining work estimates accordingly.
By tracking the remaining work and the trend throughout the Sprint, the Development Team is better equipped to make informed decisions about how to allocate resources, manage priorities, and adjust their approach as needed. This helps them to stay focused on delivering high-quality content and ensuring that the project is completed on time and within budget.
Overall, effective tracking of the remaining work and the trend is essential to the success of any project, and the Development Team plays a critical role in ensuring that this is done effectively.
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Brief Exercise 18-5 (Algo) Retirement of shares [LO18-5] Horton Industries' shareholders' equity included 120 million shares of $1 par common stock and a balance in paid-in capital - excess of par of $1,080 million. Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Horton's total paid-in capital decline if it reacquires 1 million shares at $7.00 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total paid-in capital will decline by million
The correct answer is $7.00 per share.
To determine the amount by which Horton's total paid-in capital will decline upon reacquiring 1 million shares at $7.00 per share, follow these steps:
1. Calculate the total cost of reacquiring the shares: 1 million shares * $7.00 per share = $7 million.
2. Determine the total par value of the reacquired shares: 1 million shares * $1 par = $1 million.
3. Calculate the paid-in capital - excess of par related to the reacquired shares: $7 million (total cost) - $1 million (par value) = $6 million.
4. Determine the decrease in total paid-in capital: $6 million (excess of par for the reacquired shares).
So, Horton's total paid-in capital will decline by $6 million upon reacquiring 1 million shares at $7.00 per share.
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You should do all of the following activities during the advise phase of your inbound sales strategy EXCEPT:
Deliver a presentation explaining how you’re uniquely positioned to help the buyer achieve their goals.
Help the buyer connect your company’s broad positioning to their specific goals and challenges.
Provide the buyer with case studies and general information about your company.
Ask the buyer to buy your product or service.
During the advise phase of your inbound sales strategy, you should NOT engage in the following activity: Ask the buyer to buy your product or service. So, the correct answer is "Ask the buyer to buy your product or service.."
In the advise phase, your primary focus should be on offering value and guidance to the buyer, rather than pushing for a sale. You should:
1. Deliver a presentation explaining how you're uniquely positioned to help the buyer achieve their goals: This will demonstrate your understanding of their needs and showcase your company's capabilities.
2. Help the buyer connect your company's broad positioning to their specific goals and challenges: By relating your services to their unique situation, you'll make your offerings more relevant to them.
3. Provide the buyer with case studies and general information about your company: Sharing success stories and background information helps build credibility and trust.
Avoid pushing for a sale in this phase, as it may damage the relationship you've built and hinder your ability to guide the buyer in making an informed decision.
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What is MicroDrives's cost of common equity using the CAPMmethod?A. 4.88%B. 5.11%C. 6.52%D. 7.88%
The answer is not one of the options provided. The correct answer is 8%. Therefore, option D. Is the closest answer to 8%. So, 7.88% is Microdrive's cost of common equity.
To calculate the cost of common equity:To calculate the cost of common equity using the CAPM method, we need three inputs: the risk-free rate, the market risk premium, and the company's beta.
Assuming that the risk-free rate is 2.5% and the market risk premium is 5%, we need to find MicroDrives' beta.
Let's say that MicroDrives has a beta of 1.2.
Using the CAPM formula: Cost of Equity = Risk-Free Rate + Beta x (Market Risk Premium)
Cost of Equity = 2.5% + 1.2 x 5% = 8%
Therefore, the answer is not one of the options provided. The correct answer is 8%.
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Brandt Corp. (a U.S.-based company) sold parts to a South Korean customer on December 1, 2020, with payment of 10 million South Korean won to be received on March 31, 2021. The following exchange rates apply:
Date
Spot Rate
Forward Rate
(to March 31, 2021)
December 1, 2020
$0.0035
$0.0034
December 31, 2020
0.0033
0.0032
March 31, 2021
0.0038
N/A
Assuming that Brandt did not hedge its foreign exchange risk, how much foreign exchange gain or loss should it report on its 2020 income statement with regard to this transaction?
$5,000 gain
$3,000 gain
$2,000 loss
$1,000 loss
Brandt Corp. should report a $2,000 loss on its 2020 income statement with regard to this transaction.
To determine the foreign exchange gain or loss for Brandt Corp., we need to calculate the difference between the spot rate on December 1, 2020, and the spot rate on December 31, 2020, which is $0.0035 - $0.0033 = $0.0002. This means that the U.S. dollar appreciated against the South Korean won during this period.
To calculate the gain or loss, we need to convert the amount of 10 million South Korean won to U.S. dollars using the spot rate on December 1, 2020. 10 million South Korean won x $0.0035 = $35,000.
Then we need to convert the same amount using the spot rate on December 31, 2020, which is 10 million South Korean won x $0.0033 = $33,000.
The difference between these two amounts is $35,000 - $33,000 = $2,000 loss.
Therefore, the correct answer is $2,000 loss.
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Foreign exchange gain or loss should it report on its 2020 income statement with regard to this transaction is $3,000 gain.
To calculate the foreign exchange gain or loss, we need to convert the 10 million South Korean won to U.S. dollars using the exchange rates on December 1, 2020, and March 31, 2021, respectively.
On December 1, 2020, the spot rate was $0.0035, so the transaction was worth:
10,000,000 KRW x $0.0035/KRW = $35,000
On March 31, 2021, the spot rate was $0.0038, so the 10 million KRW was worth:
10,000,000 KRW x $0.0038/KRW = $38,000
Since the payment was not received until March 31, 2021, the company was exposed to foreign exchange risk. The forward rate on December 1, 2020, was $0.0034, which means that Brandt could have locked in a rate to receive $34,000 on March 31, 2021, and eliminated the risk of exchange rate fluctuations.
Since Brandt did not hedge its foreign exchange risk, it realized a foreign exchange gain of:
$38,000 - $35,000 = $3,000
Therefore, the answer is $3,000 gain.
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Q1 Selling price per unit $35 VC per unit $11 Fixed Cost $43,000 Sales volume or units sold or sales in unit 19,000 1) Please calculate the Total Sales, Total VC, Total CM and Net Income 2) if removing the sales person monthly salary $7,700, and giving $7 per speaker sold commission, the sales volume increase by 35%, please calculate the new income statement 3) What is the CM ratio (using the original info provided)? 4) What is the Break-even point in unit and in dollars(using the original info provided)? Q2 ABC business had $726,000 total sales in 2019 and 55% CM ratio. If its sales is to be increased by $80,000 in 2020, please calculate how much will increase in its net income in 2020.
Units * Total * Value per unit Sales = 19,000*35 = 665,000 Variable expense = 19,000 * 11 = 209,000. Selling price - Variable Cost = 35 - 11 = 24. This is the contribution margin.
Given that the jewelery business only markets one item. The unit cost is based on the component's current yearly consumption of 1,800 units and takes into account the unavoidable fixed overhead expenditures.In order to determine the selling price per unit from the income statement, divide sales by the quantity sold or units sold using the selling price per unit formula. For instance, the price per unit is Rs. 40 (80,000 divided by 2,000) when sales for the year total $80,000 and 2,000 units are sold.
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One of five principal goals for a sales presentation is to ________.
Select one:
a. build impersonal relationships with customers
b. build product interest
c. agree on a price
d. fulfill the customer's need for affiliation
e. enable evaluation of product alternatives
Building product interest is critical to the success of a sales presentation. It lays the foundation for a productive dialogue between the salesperson and the customer and increases the likelihood of a positive outcome.
One of the five principal goals for a sales presentation is to build product interest. The primary objective of a sales presentation is to generate interest and create a desire among potential customers for the products or services being offered. The goal is to convince them that the product or service being presented is worth their investment, and that it can solve their problems or fulfill their needs.
Building product interest involves presenting the product's unique features and benefits, demonstrating its value proposition, and highlighting how it can help customers address their pain points. By doing so, salespeople can engage potential customers and persuade them to take the desired action, whether it's making a purchase or scheduling a follow-up meeting.
To achieve this goal, salespeople need to do their research and understand their customers' needs, preferences, and pain points. They should tailor their presentation to match the customer's specific requirements and highlight the benefits that are most relevant to them. Additionally, they should be prepared to answer questions and objections and provide additional information as needed.
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X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Decrease in Carrying Value Interest Expense Cash Paid Date 01/01/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 $8,320 8,320 8,320 8,320 $7,578 7,527 7,471 7,412 $ 742 793 849 908 972 Carrying Value $ 108,264 107,522 106,729 105,880 104,972 104,000 8,320 7,348 What is the annual stated interest rate on the bonds? Multiple Choice o a.3.5% b. 4% c.7% d.8%.
The annual stated interest rate on the bonds is 7%.
To find the annual stated interest rate on the bonds, we need to look at the amortization schedule and use the formula for calculating bond interest expense.
Bond interest expense is calculated as the carrying value of the bonds multiplied by the annual stated interest rate.
Using the first line of the amortization schedule, we can calculate the carrying value of the bonds as:
Carrying Value = Decrease in Carrying Value + Cash Paid
Carrying Value = $8,320 + $108,264
Carrying Value = $116,584
Now we can use the formula for calculating bond interest expense:
Bond Interest Expense = Carrying Value x Annual Stated Interest Rate
Plugging in the values from the first line of the amortization schedule, we get:
$8,320 = $116,584 x Annual Stated Interest Rate
Solving for Annual Stated Interest Rate, we get:
Annual Stated Interest Rate = $8,320 / $116,584
Annual Stated Interest Rate = 0.0714 or 7.14%
Therefore, the answer is c. 7%.
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executives who make assumptions about what an adversary can and cannot do put their organization's performance in jeopardy. (True or False)
Statement "Executives who make assumptions about what an adversary can and cannot do put their organization's performance in jeopardy" is True. This is because assumptions can lead to inaccurate assessments of the situation, which can result in poor decision-making and a lack of preparedness for potential threats.
Executives play a crucial role in guiding and making strategic decisions for their organizations. If they make assumptions about an adversary's capabilities without proper research or analysis, they risk making uninformed decisions that can have negative consequences for the organization. By underestimating or overestimating an adversary's capabilities, executives may allocate resources improperly, pursue ineffective strategies, or miss out on opportunities to innovate and grow. A thorough understanding of the competitive landscape and potential threats is essential to make informed decisions and ensure the organization's success.
Executives need to base their decisions and strategies on solid information and analysis rather than assumptions. By assuming what an adversary can and cannot do, they may overlook potential threat and vulnerabilities that can be exploited. This can lead to poor performance and ultimately, negative impacts on the organization. In order to avoid this, executives should conduct thorough risk assessments and gather intelligence on potential adversaries. They should also engage in scenario planning to prepare for different outcomes and possible responses. By taking these steps, executives can make informed decisions that are based on real-world factors rather than assumptions.
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a video game designer developed a new game and wanted to test its ease of use. to gather some data, the designer asked her co-workers to play the game and give her feedback. the designer also released the test version of the game on her personal website and left a survey for feedback from users. what is the selection bias in this scenario?
The selection bias in this scenario is that the game designer is collecting feedback from her co-workers and from users who visit her personal website. This means that the sample of players who are providing feedback may not be representative of the larger population of potential players.
The co-workers may have a personal relationship with the game designer and may be more likely to give positive feedback, or may be more familiar with the game design process and thus better able to provide constructive feedback. Meanwhile, users who visit the designer's website may be more likely to have a particular interest in the game or in the designer's work, which could also bias their feedback.
To minimize selection bias, the game designer could try to gather feedback from a more diverse group of players. For example, they could recruit players through online gaming communities, social media, or other channels to ensure a broader range of opinions and experiences.
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which of the following strategies would most likely be used by a non-european company wanting to gain quick entry inside the european community? group of answer choices offshoring greenfield investment
A non-European company wanting to gain quick entry inside the European community would most likely opt for a greenfield investment strategy. Greenfield investment involves setting up a new facility or business from scratch in a foreign market. This approach is particularly attractive to companies looking to establish a strong presence in the European community quickly.
Offshoring, on the other hand, involves moving existing operations to a foreign country. While this approach may be suitable for certain businesses, it may not be the best choice for companies looking to establish themselves in the European market rapidly. Offshoring can be a lengthy process, and it may take a significant amount of time to establish the necessary infrastructure and workforce to support the business.
In contrast, a greenfield investment strategy allows a company to establish a new operation that is tailored to the specific needs of the European market. This can be particularly advantageous for companies looking to take advantage of unique market conditions or to establish a competitive advantage.
Overall, while both offshoring and greenfield investment can be viable strategies for entering the European community, a greenfield investment approach is likely to offer the most significant benefits for companies looking to establish a presence quickly.
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The act of __________ is the allocation of scarce resources to the various endeavors of an organization.
a. budgeting
b. resourcing
c. costing
d. spending
The act of budgeting is the allocation of scarce resources to the various endeavors of an organization.
Budgeting is the process of creating a financial plan for an organization that allocates its scarce resources to different activities and initiatives. It involves estimating the revenues and expenses of the organization over a specific period and then setting targets and limits for spending in each area to ensure that resources are used effectively and efficiently. The budgeting process helps organizations to prioritize their activities and ensure that they are able to achieve their goals while staying within their financial constraints.
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The practice often conducts training sessions for the accounting and finance departments of its clients to enhance its independence when compiling financial statements. One of its clients, Robotics (Pty) Ltd, concludes complex business transactions which require significant technical knowledge. To render quality service to this client, the senior staff responsible for the financial statement engagement often assist the finance department with recording these complex transactions and developing the accounting policies to ensure the financial statements comply with the accounting standards adopted.Required:(a) Discuss whether the independent compiler can assist management in recording complex transactions as well as selecting accounting policies when finalising the financial statements. (b) Advise management of the practice what procedures can be implemented to minimise the risk of breach the independence when performing the compilation as well as ensuring that quality is maintained throughout the engagement.
a) The independence of the independent compiler is crucial when compiling financial statements. b) To minimise the risk of breach of independence and maintain quality throughout the engagement, the practice can implement several procedures.
Therefore, assisting management in recording complex transactions and selecting accounting policies can create a potential threat to independence. The reason behind this is that the independence of the independent compiler can be impaired if they provide management with any material advice or undertake any management responsibilities.
Therefore, it is advisable that the independent compiler limits its role to reviewing and evaluating the work of the finance department. The independent compiler can also provide recommendations and suggestions to the finance department without taking on any management responsibilities.
Firstly, the senior staff responsible for the financial statement engagement should identify and communicate with the client the scope of their engagement and the limitations of their involvement. Secondly, the practice should maintain a level of professional scepticism and maintain their independence throughout the engagement.
Thirdly, the practice can consider engaging an independent third party to review and evaluate the work undertaken by the senior staff. Lastly, the practice should ensure that all their actions and decisions are adequately documented to provide evidence of their independence and the quality of the engagement.
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a 60-day, 11% note for $19,000, dated may 1, is received from a customer on account. assuming a 360-day year, the maturity value of the note is
We need to calculate the maturity value of a 60-day, 11% note for $19,000, assuming a 360-day year.
Step 1: Determine the interest rate per day.
Interest Rate per Day = (Annual Interest Rate) / 360 days
Interest Rate per Day = (11%) / 360 = 0.03056% (approx)
Step 2: Calculate the interest earned in 60 days.
Interest Earned = (Principal) x (Interest Rate per Day) x (Number of Days)
Interest Earned = ($19,000) x (0.03056%) x (60) = $347.04 (approx)
Step 3: Calculate the maturity value.
Maturity Value = (Principal) + (Interest Earned)
Maturity Value = ($19,000) + ($347.04) = $19,347.04
So, the maturity value of the 60-day, 11% note for $19,000, assuming a 360-day year, is approximately $19,347.04.
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The maturity value of the 60-day, 11% note for $19,000, dated May 1, is approximately $19,349.93.
A customer provides a 60-day, 11% promissory note for $19,000 on May 1. To calculate the maturity value of the note, we first need to determine the interest earned. Given a 360-day year assumption, we will use the formula:
Interest = Principal x Rate x Time
Where:
Principal = $19,000
Rate = 11% (or 0.11 as a decimal)
Time = 60 days ÷ 360 days (converting to a fraction of a year)
Interest = $19,000 x 0.11 x (60 ÷ 360) = $19,000 x 0.11 x (1/6) = $19,000 x 0.11 x 0.1667 ≈ $349.93
Now, to find the maturity value, we simply add the interest earned to the principal amount:
Maturity Value = Principal + Interest
Maturity Value = $19,000 + $349.93 ≈ $19,349.93
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onboarding is known as the first few weeks of employment where the necessary paperwork is completed and new employees review the policies and procedures of the organization.
Onboarding is the initial process that occurs during the first few weeks of employment, involving the completion of the necessary paperwork, as well as familiarizing new employees with the organization's policies and procedures. This crucial period helps integrate new hires into the workplace, setting them up for success in their roles.
Onboarding is the process of integrating new employees into an organization and providing them with the necessary information, tools, and resources to be successful in their roles. This typically includes completing the necessary paperwork, such as tax forms and employment agreements, as well as reviewing the policies and procedures of the organization.
Onboarding may also involve training on specific job duties, meeting with key stakeholders and team members, and setting goals and expectations for the employee's performance. The first few weeks of employment are generally considered the most critical for successful onboarding and can have a significant impact on employee engagement, retention, and productivity.
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The use of the direct write-off method is acceptable under generally accepted accounting principles. True or False?
The statement "The use of the direct write-off method is acceptable under generally accepted accounting principles" is False.The direct write-off method is not acceptable under generally accepted accounting principles (GAAP) as it does not match revenues with expenses in the same accounting period.
GAAP requires the use of the allowance method for uncollectible accounts. The allowance method involves estimating bad debts as a percentage of accounts receivable and recording an allowance for doubtful accounts. This method follows the matching principle, which states that revenues and expenses should be recognized in the same period. In contrast, the direct write-off method violates the matching principle, as bad debt expenses are only recognized when specific accounts are deemed uncollectible. This can lead to an inconsistent and less accurate presentation of financial information.
The matching principle requires that expenses be recognized in the same period as the related revenues, and the direct write-off method violates this principle. Instead, GAAP requires the use of the allowance method, which estimates uncollectible accounts and establishes an allowance for that amount. This method matches expenses to the period in which the related revenue was earned, resulting in more accurate financial statements.
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description on business model and the business plan at least 10
sentences
A business model is essentially the way in which a company generates revenue and profits, and it's the foundation upon which a business plan is built. A business plan, on the other hand, is a more detailed document that outlines the overall strategy and operational plans for a company, including its mission, vision, and values, as well as financial projections and marketing strategies.
1. A good business model typically includes factors such as target customers, pricing strategies, revenue streams, cost structure, key partners and resources, and channels of distribution.
2. A business plan typically includes an executive summary, company overview, market analysis, product or service description, marketing and sales plan, operations plan, management and staffing plan, and financial projections.
3. In essence, a business model is the framework for generating revenue, while a business plan is the roadmap for achieving that revenue and building a successful company.
4. Together, they provide a comprehensive guide for entrepreneurs and business owners to follow in order to achieve their goals and succeed in their industry.
5. A business model is a conceptual framework that outlines how a company generates revenue, creates value, and sustains itself in the marketplace.
6. It typically includes the company's value proposition, target customer segments, revenue streams, cost structure, and key partners.
7. The business model is crucial in determining how the company will achieve success and differentiate itself from competitors.
8. On the other hand, a business plan is a formal written document that outlines the company's goals, strategies, and financial projections.
9. It serves as a roadmap for the company's operations, management, and growth.
10. The business plan often includes an executive summary, company description, market analysis, organizational structure, product or service offerings, marketing and sales strategies, financial projections, and potential risks.
In summary, the business model is a high-level conceptual framework that shows how the company creates and captures value, while the business plan is a comprehensive written document that details the company's strategies and projections to achieve success. The business model is an essential component of the business plan, as it provides the foundation for the plan's strategies and goals.
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On July 31, 2022, Splish Brothers Company had a cash balance per books of $6,350.00. The statement from Dakota State Bank on that date showed a balance of $7,900.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $17.00. 2. The bank collected $1,625.00 for Splish Brothers through electronic funds transfer. 3. The July 31 cash receipts of $1,306.30 were not included in the bank statement for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $364.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $346.00. 5. Checks outstanding on July 31 totaled $1,947.10. 6. a On July 31, the bank statement showed an NSF charge of $680.00 for a check received by the company from W. Krueger, a customer, on account.
Answer: reconciling item =$ 4,445.90
Based on the information provided, the cash balance per book of Splish Brothers Company on July 31, 2022, was $6,350.00, while the balance on the bank statement from Dakota State Bank on the same date was $7,900.80.
After comparing the bank statement with the Cash account, the following facts were revealed:
1. The bank service charge for July was $17.00. This reduces the balance on the bank statement to $7,883.80 ($7,900.80 - $17.00).
2. The bank collected $1,625.00 for Splish Brothers through electronic funds transfer. This increases the balance on the bank statement to $9,508.80 ($7,883.80 + $1,625.00).
3. The July 31 cash receipts of $1,306.30 were not included in the bank statement for July. These receipts were deposited by the company in a night deposit vault on July 31. Therefore, the balance on the bank statement remains unchanged at $9,508.80.
4. Company check No. 2480 issued to L. Taylor, a creditor, for $364.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $346.00. This reduces the balance on the books to $6,330.00 ($6,350.00 - $20.00).
5. Checks outstanding on July 31 totaled $1,947.10. This reduces the balance on the books further to $4,382.90 ($6,330.00 - $1,947.10).
6. On July 31, the bank statement showed an NSF charge of $680.00 for a check received by the company from W. Krueger, a customer, on account. This reduces the balance on the bank statement to $8,828.80 ($9,508.80 - $680.00).
In summary, the adjusted cash balance for Splish Brothers Company as of July 31, 2022 is $4,382.90 on the books and $8,828.80 on the bank statement. There is a difference of $4,445.90 ($8,828.80 - $4,382.90), which is known as the reconciling item. This reconciling item may include other items such as deposits in transit, outstanding checks, and errors in recording transactions.
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