In the statement of financial position, we will analyze the debt and equity structure, specifically focusing on changes caused by the pandemic. Finally, we will compare the operating cash flow pre and post Covid to understand the impact on the company's cash generation.
In analyzing the statement of comprehensive income, we will examine the revenue component. We will compare the revenue generated pre and post Covid to assess the impact of the pandemic on the company's top line. This will provide insights into changes in customer demand, market conditions, and overall business performance.
Moving to the statement of financial position, we will focus on the debt and equity structure. We will analyze any significant changes in the company's debt levels, including short-term and long-term borrowings. Additionally, we will examine the equity structure, looking at changes in shareholders' equity and any impacts on capital structure due to the pandemic.
Lastly, in the statement of cash flows, we will compare the operating cash flow pre and post Covid. By evaluating the company's ability to generate cash from its core operations, we can assess its financial resilience and adaptability during challenging times. This analysis will provide insights into the company's cash management strategies and the impact of the pandemic on its cash flow generation.
Overall, this comprehensive analysis of the company's statement of comprehensive income, statement of financial position, and statement of cash flows will allow us to understand the effects of Covid on key financial metrics, providing valuable insights into the company's performance, financial position, and cash management capabilities.
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uniformly throughout production in the machining department corvinrion costs. Given the infomation above, which of the folowing statements is incorroct with regard io the mactining departments July operatons? A. The costs transfered to the packaging department duriag July equat $65,000. 8. The coss 10 complete a necklace in the machining department daring July is $9667. C. Equvalent units in ending inventory each receive $33.33 of comversion costs at nonth end: D. The iotal costu to account for in the machining department during July equals $77,000. E. Machineng worked on 750 physical units during July.
The statement that is incorrect with regard to the machining department's July operations is:
C. Equivalent units in ending inventory each receive $33.33 of conversion costs at month end.
The given information does not provide any data on the equivalent units in ending inventory or the specific allocation of conversion costs to those units. Therefore, we cannot determine the exact amount of conversion costs allocated to each equivalent unit in ending inventory.
In the given statement, it states that equivalent units in ending inventory each receive $33.33 of conversion costs at month end. However, this information is not provided in the given data. We are given information about the costs transferred to the packaging department, the cost to complete a necklace in the machining department, the total cost to account for in the machining department, and the number of units worked on during July. But we don't have any specific information about the allocation of conversion costs to the equivalent units in ending inventory.
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old time savings bank pays 5% interest on its savings accounts. if you deposit $1,700 in the bank and leave it there: note: do not round intermediate calculations. round your answers to 2 decimal places. how much interest will you earn in the first year? how much interest will you earn in the second year? how much interest will you earn in the 10th year?
If you deposit $1,700 in an old-time savings bank that pays 5% interest, here's the summary of the interest you will earn over different time periods:
In the first year, you will earn $85.00 in interest.
In the second year, you will earn $170.00 in interest.
In the tenth year, you will earn $850.00 in interest.
To calculate the interest earned over different periods, we can use the formula for simple interest:
Interest = Principal * Interest Rate * Time
Given that the interest rate is 5% and the principal amount is $1,700, we can calculate the interest earned over different time periods:
Interest earned in the first year:
Interest = $1,700 * 0.05 * 1 (time in years)
Interest = $85.00
Therefore, you will earn $85.00 in interest in the first year.
Interest earned in the second year:
Interest = $1,700 * 0.05 * 2 (time in years)
Interest = $170.00
Therefore, you will earn $170.00 in interest in the second year.
Interest earned in the tenth year:
Interest = $1,700 * 0.05 * 10 (time in years)
Interest = $850.00
Therefore, you will earn $850.00 in interest in the tenth year.
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scientists have created a grass seed that stops grass growth at a specific length, eliminating the need to mow the lawn. the price of this seed is high, but many consumers still want to buy it. as a result, several different producers supply a large amount of this seed to sell to consumers. to attract consumers, some producers lower their prices and supply fewer bags of seeds. use the drop-down menu to complete each statement. in the scenario to the left, is the main factor affecting the price of the seeds. this specific grass seed is a good with an supply.
The price of the seeds is primarily influenced by the supply of the grass seed. The competition among producers leads to lower prices and variations in the quantity of seeds supplied. This specific grass seed is considered a good with an elastic supply as the producers can adjust the quantity supplied in response to changes in price.
The main factor affecting the price of the seeds in this scenario is the supply. Since there are several different producers supplying a large amount of this specific grass seed, the competition among the producers will influence the price. When multiple producers are supplying the seed, they may try to attract consumers by lowering their prices. This creates a competitive market where producers may offer lower prices to gain an advantage and increase their sales. However, in order to maintain profitability, the producers may also choose to supply fewer bags of seeds.
This specific grass seed is a good with an elastic supply. The supply of a good is considered elastic when changes in price result in significant changes in the quantity supplied. In this case, the producers can easily adjust the quantity of seeds supplied in response to changes in price. For example, if the price is lowered, they may reduce the quantity of seeds supplied. On the other hand, if the price is increased, they may increase the quantity supplied.
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The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account. The entry to dispose of this remaining factory overhead balance is: a. Debit Cost of Goods Sold $5,600; credit Factory Overhead $5,600. b. Debit Factory Overhead $5,600; credit Cost of Goods Sold $5,600. c. Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600. d. Debit Work in Process Inventory $5,600; credit Factory Overhead $5,600.
The correct entry to dispose of the remaining factory overhead balance is: Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600.
When applying overhead, the Factory Overhead account is debited and the Work in Process Inventory account is credited. This is because overhead costs are allocated and assigned to the Work in Process Inventory, which represents the goods that are in the process of being manufactured.
However, if there is a remaining balance in the Factory Overhead account at the end of the accounting period, it means that not all of the overhead costs have been allocated to the Work in Process Inventory. To dispose of this remaining balance, the Factory Overhead account is debited to reduce the credit balance and the Work in Process Inventory account is credited to account for the allocated overhead costs.
Therefore, the correct entry to dispose of the remaining factory overhead balance is: Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600.
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The diagram above illustrates the market for soybean. Initially, the price of soybean is $4 per bushel. (A bushel of soybean weighs 60 pounds.) Suppose that the government institutes a price support floor at $6.00 per bushel of soybean. Under the program, any unsold soybean will be purchased by the government and placed in long-term storage. (Note that the quantity is in thousands of bushels.)
(a) What will be the cost to consumers in lost surplus?
(b) What will be the cost to taxpayers to purchase the unsold soybean?
(c) How much producer surplus would sellers of soybean gain?
(d) What would be the net loss to society of the soybean program?
*show work for understanding*
The net loss to society of the soybean program can be calculated by subtracting the producer surplus gained from the cost to consumers in lost surplus and the cost to taxpayers to purchase the unsold soybean.
(a) The cost to consumers in lost surplus can be calculated by finding the difference between the original equilibrium quantity and the quantity demanded at the price support floor.
To find the lost surplus, we need to calculate the area of the triangle formed by the price support floor, the original demand curve, and the new demand curve at the price support floor.
To calculate the lost surplus, we need to find the difference between the original equilibrium quantity and the quantity demanded at the price support floor. The original equilibrium quantity is not given in the question, so we cannot calculate the exact value. However, we can estimate the lost surplus by using the formula for the area of a triangle.
(b) The cost to taxpayers to purchase the unsold soybean can be calculated by multiplying the difference between the quantity supplied and the quantity demanded at the price support floor by the price support floor.
To calculate the cost to taxpayers, we need to find the difference between the quantity supplied and the quantity demanded at the price support floor. This will give us the quantity of unsold soybean that the government needs to purchase. Multiplying this quantity by the price support floor will give us the cost to taxpayers.
(c) The producer surplus gained by sellers of soybean can be calculated by finding the difference between the price received by sellers at the price support floor and the price they would have received in the absence of the price support floor, multiplied by the quantity sold at the price support floor.
To calculate the producer surplus, we need to find the difference between the price received by sellers at the price support floor and the price they would have received in the absence of the price support floor. This difference is multiplied by the quantity sold at the price support floor.
(d) The net loss to society of the soybean program can be calculated by subtracting the cost to taxpayers from the total gains in producer surplus.
To calculate the net loss to society, we need to subtract the cost to taxpayers from the total gains in producer surplus. This will give us the overall impact of the soybean program on society.
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Economists use the concept of ceteris paribus to examine a change in in a model. True or false?.
The statement given "Economists use the concept of ceteris paribus to examine a change in in a model. " is true because the Ceteris paribus is a Latin phrase that means "all other things being equal."
Economists use this concept to examine the effects of a specific change or factor in a model while assuming that all other relevant factors remain constant. By holding other variables constant, economists can isolate the impact of the specific change they are studying and analyze its effects more accurately. This technique allows economists to make simplified assumptions and focus on the relationship between cause and effect.
Therefore, the statement is true, and economists do use the concept of ceteris paribus in their analysis.
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Pharoah Corporation incurred the following transactions.
1. Purchased raw materials on account $41,690.
2. Raw Materials of $32,400 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,140 was classified as indirect materials.
3. Factory labor costs incurred were $53,920.
4. Time tickets indicated that $48,600 was direct labor and $5,320 was indirect labor.
5. Manufacturing overhead costs incurred on account were $72,450.
6. Depreciation on the company’s office building was $7,280.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $79,200 were completed and transferred to finished goods.
9. Finished goods costing $67,500 to manufacture were sold on account for $92,700.
Pharoah Corporation incurred various transactions related to raw materials, labor costs, manufacturing overhead, and finished goods.
1. Pharoah Corporation purchased raw materials on account for $41,690.
2. Raw materials worth $32,400 were requisitioned to the factory, with $6,140 classified as indirect materials.
3. The company incurred factory labor costs of $53,920.
4. Time tickets indicated that $48,600 was direct labor and $5,320 was indirect labor.
5. Manufacturing overhead costs of $72,450 were incurred on account.
6. Depreciation on the office building amounted to $7,280.
7. Manufacturing overhead was applied at a rate of 150% of the direct labor cost.
8. Goods costing $79,200 were completed and transferred to finished goods.
9. Finished goods costing $67,500 to manufacture were sold on account for $92,700.
In summary, Pharoah Corporation incurred various transactions related to raw materials, labor costs, manufacturing overhead, and finished goods. These transactions were recorded and involved purchases, requisitions, depreciation, transfers, and sales.
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Consider the protocol architecture shown in Fig. 1 which exists at two end nodes A and B. Node A is sending data to node B. The header size and maximum payload size acceptable by each of the lower three layers are as shown in Table 1. Note that the maximum payload for each of these lower layers is chosen such that no fragmentation occurs at the IP or the network access layers. Interface A and interface B depicted in Fig. 1 are the interfaces between the respective network access layers. Assume the application layer at node A wants to send to node B a 2MB file. Table 1: Overhead and maximum pavload sizes for lower three lavers. Fig. 1: Protocol architecture at nodes A and B. a) (12 points) Show the detailed structure/content/length of LAST frame crossing the A interface? How many IP packets does it contain? Why? How? Etc. Show all your work. b) (5 points) Compute the total number of bytes transmitted across the interface A? What fraction of these bytes is overhead? c) (3 points) If the Interface A is running at 10Mb/s, what is the total transmission time for the 2MB file Hint: 1MB is equal to 2∧20 bytes. Assume equal sized PDU are exchanged. For the last PDU, if payload size is less than the maximum, padding is NOT used. Note network access layer fits integer number of IP packets (i.e. complete IP packets only) into the network access frame.
a) The last frame crossing the A interface will contain one IP packet with a payload size of (2,097,152 - (1441 * 1452)) bytes.
b) Fraction of overhead = Total overhead for all IP packets / Total number of bytes transmitted across the interface A = 54,796 / 2,151,948.
c) Total transmission time = Size of the file / Transmission rate in bytes per second is 1.6777216 seconds (approximately)
a) To determine the detailed structure/content/length of the last frame crossing the A interface, we need to calculate the number of IP packets it contains.
Given that the maximum payload size for the network access layer is 1472 bytes, we can calculate the number of IP packets as follows:
Size of the file = 2MB = 2 * (2^20) bytes = 2,097,152 bytes
Size of the IP header = 20 bytes
Size of the payload per IP packet = Maximum payload size - IP header size = 1472 - 20
= 1452 bytes
Number of IP packets = Size of the file / Size of the payload per IP packet = 2,097,152 / 1452
= 1442 IP packets
Therefore, the last frame crossing the A interface will contain one IP packet with a payload size of (2,097,152 - (1441 * 1452)) bytes.
b) To compute the total number of bytes transmitted across the interface A, we need to consider the overhead as well.
Size of the IP header = 20 bytes
Size of the network access header = 18 bytes
Total overhead per IP packet = IP header size + network access header size = 20 + 18
= 38 bytes
Total overhead for all IP packets = Total overhead per IP packet * Number of IP packets = 38 * 1442
= 54,796 bytes
Total number of bytes transmitted across the interface A = Size of the file + Total overhead for all IP packets = 2,097,152 + 54,796
= 2,151,948 bytes
Fraction of overhead = Total overhead for all IP packets / Total number of bytes transmitted across the interface A = 54,796 / 2,151,948
c) To calculate the total transmission time for the 2MB file, we need to know the transmission rate of the interface A.
Given that the interface A is running at 10Mb/s, we can convert it to bytes per second:
Transmission rate in bytes per second = 10Mb/s * (1 byte/8 bits)
= 1.25MB/s
Total transmission time = Size of the file / Transmission rate in bytes per second = 2,097,152 bytes / 1.25MB/s
= 1.6777216 seconds (approximately)
Note: The calculations provided are based on the given information and assumptions mentioned in the question.
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1 Megabit (Mb) = 10^6 bits, 1 byte = 8 bits; The total transmission time is given by (2097242 bytes * 8 bits/byte) / (10 * 10^6 bits/s) = 16.7379368 seconds (approx)
a) To determine the detailed structure/content/length of the last frame crossing the A interface, we need to consider the maximum payload size acceptable by each layer. Let's assume that the maximum payload size for the application layer is 2MB.
At the transport layer, we need to add a transport layer header, which is 20 bytes. So, the payload size at the transport layer becomes 2MB - 20 bytes = 2097156 bytes.
At the network layer, we need to add a network layer header, which is 20 bytes. So, the payload size at the network layer becomes 2097156 bytes - 20 bytes = 2097136 bytes.
At the data link layer, we need to add a data link layer header, which is 10 bytes, and a trailer, which is 4 bytes. So, the payload size at the data link layer becomes 2097136 bytes - 10 bytes - 4 bytes = 2097122 bytes.
Therefore, the detailed structure/content/length of the last frame crossing the A interface is as follows:
- Data link layer header: 10 bytes
- Payload: 2097122 bytes
- Trailer: 4 bytes
- Total length: 2097122 bytes + 10 bytes + 4 bytes = 2097136 bytes
b) To compute the total number of bytes transmitted across the interface A, we need to consider the overhead and the payload size at each layer. From Table 1, we know that the overhead at each layer is 30 bytes.
The total overhead is 30 bytes + 30 bytes + 30 bytes = 90 bytes.
The payload size at the application layer is 2MB, which is equal to 2 * 2^20 bytes = 2097152 bytes.
Therefore, the total number of bytes transmitted across the interface A is 2097152 bytes + 90 bytes = 2097242 bytes.
The fraction of these bytes that is overhead is given by (90 bytes / 2097242 bytes) * 100% = 0.00429% (approx).
c) If the Interface A is running at 10Mb/s, the total transmission time for the 2MB file can be calculated by dividing the total number of bytes (2097242 bytes) by the transmission rate (10 Mb/s).
Conversion:
1 Megabit (Mb) = 10^6 bits
1 byte = 8 bits
The total transmission time is given by (2097242 bytes * 8 bits/byte) / (10 * 10^6 bits/s) = 16.7379368 seconds (approx).
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If a person moves $10,000 from a demand deposit account to a small-denomination time deposit, Select one:
M1 decreases and M2 stays the same.
M1 stays the same and M2 increases.
M1 increases and M2 decreases.
M1 increases and M2 stays the same.
If a person moves $10,000 from a demand deposit account to a small-denomination time deposit, M1 stays the same, and M2 decreases.
In economics, M1 and M2 refer to different measures of money supply. M1 includes the most liquid forms of money, such as cash, demand deposits, and traveler's checks. M2 includes M1 plus additional components like savings deposits, time deposits, and money market mutual funds.
When a person moves $10,000 from a demand deposit account (which is part of M1) to a small-denomination time deposit (which is part of M2), the composition of the money supply changes.
The transfer of funds does not affect the total amount of money in M1, so M1 stays the same. The demand deposit account balance is reduced by $10,000, but the small-denomination time deposit increases by the same amount, resulting in no net change to M1.
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christopher usually buys 1 whopper and 2 orders of fries from burger king . however, suppose burger kingannounces a special: all whoppersafter the first one are half-price. show the original and new budget lines.
The budget lines have been shown in the diagram that is attached
What is a budget lineIn economics, a budget line (also called a budget constraint) is a graphical representation of all the possible combinations of two goods that a consumer can purchase while staying within their budget.
The budget line represents the boundary of affordability for a consumer given the prices of the two goods and the consumer's income or budget.
The budget line is based on the following formula:
P1 * Q1 + P2 * Q2 = B
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Assume annual rates. 2-year rates are 4% and 3-year rates are 5%. What is the one-year forward rate 2 years from now?
2. Back to problem 1. Assume the 2-year rate has a 10 bps term premium and the 3-year rate has a 15 bps term premium. Assuming annual rates, calculate the one-year EXPECTED rate 2 years from now.
Can you solve the question 2?
The one-year expected rate 2 years from now is approximately 1.025%
The problem can be solved using the formula for the expected one-year forward rate, which is:
Expected one-year forward rate = [(1 + r3)³ / (1 + r2)²]^(1/1) - 1
Where:r3 = 3-year rate = 5%r2 = 2-year rate = 4%Term premium for 2-year rate = 10 bps = 0.1%
Term premium for 3-year rate = 15 bps = 0.15%Adjusted 2-year rate = 2-year rate + term premium = 4% + 0.1% = 4.1%
Adjusted 3-year rate = 3-year rate + term premium = 5% + 0.15% = 5.15%
Substituting the values, we get:Expected one-year forward rate = [(1 + 5.15%)³ / (1 + 4.1%)²]^(1/1) - 1= (1.0515³ / 1.041²) - 1≈ 1.025%
.Note: The term premium for a given maturity is the difference between the yield of a bond with that maturity and the yield of a bond with a shorter maturity. In this case, the term premium for the 2-year rate is the difference between the yield of a 2-year bond and the yield of a 1-year bond, and the term premium for the 3-year rate is the difference between the yield of a 3-year bond and the yield of a 2-year bond.
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CableVision Has Been Approached By The City Of Mirada To Run Its Cable Operations In 2023 . After Negotiating With Key Parties,
CableVision has been approached by the city of Mirada to run its cable operations in 2023. After negotiating with key parties, there are several factors that need to be considered before making the final decision. These factors include legal, financial, and technical aspects.
Legal consideration. One of the major legal considerations is obtaining the necessary permits and licenses from the relevant authorities. The cable operations must comply with local, state, and federal regulations. CableVision must also ensure that it meets the legal requirements for cable services, such as providing access to public channels.Financial considerations- CableVision needs to evaluate the financial viability of running cable operations in Mirada. This includes analyzing the costs of setting up the infrastructure and the ongoing operational expenses.
It should also consider the potential revenue streams from subscriptions, advertising, and other sources. Technical considerations- CableVision should assess the technical requirements for running cable operations in Mirada. This includes evaluating the existing infrastructure, such as the availability of cable lines and the condition of the equipment. It should also consider the need for upgrading the infrastructure to meet the needs of customers.In conclusion, after negotiating with key parties, CableVision must consider legal, financial, and technical factors before making a decision to run cable operations in Mirada in 2023.
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PRODUCT COSTING SYSTEMS
Manufacturing Limited accounts for its manufacturing costs using a job order costing system and has provided the following production data during June, 2021.
1. Job FX241 was in process as of 1st June with a cost of $22 000.
2. Raw materials were purchased amounting to $ 72 000.
3. Raw materials requisitioned were charged to the following: Job FX241 $17 500 Job FX242 $15 000 Job FX243 $23 500 Job MML44 $45 000 Indirect materials $9 000
4. Payroll of $78 000 was incurred. Each worker earns $12 per hour
5. The factory payroll was distributed as follows: Job FX241 $21 000 Job FX242 $25 500 Job FX243 $22 500 Job MML44 $38 000 Indirect labour $8 500
6. Manufacturing overhead is applied at $4.60 per direct labour hour.
7. Jobs FX241 and FX242 were completed and transferred to finished goods
. 8. Job FX241 was sold at a mark-up of 75% of cost plus a vat of 9%.
9. The beginning raw materials were $22 200
REQUIRED:
1. Prepare the job cost sheet for all the jobs
2. Prepare the relevant journal entries to record the transactions for the month of June, 2021.
3. Prepare the inventory ledger accounts to determine their ending balances
. 4. Assuming that the manufacturing overhead is underapplied by $2400. The proration is based on the ending balance of Work in progress, finished goods and Cost of Goods Sold.
Determine how much overhead would be allocated to these three accounts rather than just closing off to Cost of Goods Sold
The $400 would be allocated to Work in Progress, $1,120 to Finished Goods, and $1,880 to Cost of Goods Sold.
1. To prepare the job cost sheet for all the jobs, we need to calculate the total manufacturing costs for each job.
Job FX241:
- Beginning cost: $22,000
- Raw materials requisitioned: $17,500
- Direct labor: $21,000 (from factory payroll)
- Manufacturing overhead: $12,600 (calculated as $4.60 per direct labor hour multiplied by the direct labor hours)
Total manufacturing costs for Job FX241: $73,100
Job FX242:
- Raw materials requisitioned: $15,000
- Direct labor: $25,500 (from factory payroll)
- Manufacturing overhead: $14,760
Total manufacturing costs for Job FX242: $55,260
Job FX243:
- Raw materials requisitioned: $23,500
- Direct labor: $22,500 (from factory payroll)
- Manufacturing overhead: $12,600
Total manufacturing costs for Job FX243: $58,600
Job MML44:
- Raw materials requisitioned: $45,000
- Direct labor: $38,000 (from factory payroll)
- Manufacturing overhead: $17,440
Total manufacturing costs for Job MML44: $100,440
The relevant journal entries to record the transactions for the month of June, 2021, are as follows:
- Raw materials purchased: Debit Raw Materials Inventory $72,000, Credit Accounts Payable $72,000.
- Raw materials requisitioned for Job FX241: Debit Work in Process Inventory $17,500, Credit Raw Materials Inventory $17,500.
- Raw materials requisitioned for Job FX242: Debit Work in Process Inventory $15,000, Credit Raw Materials Inventory $15,000.
- Raw materials requisitioned for Job FX243: Debit Work in Process Inventory $23,500, Credit Raw Materials Inventory $23,500.
- Raw materials requisitioned for Job MML44: Debit Work in Process Inventory $45,000, Credit Raw Materials Inventory $45,000.
- Raw materials requisitioned for Indirect Materials: Debit Manufacturing Overhead $9,000, Credit Raw Materials Inventory $9,000.
- Payroll incurred: Debit Factory Payroll $78,000, Credit Accrued Payroll $78,000.
- Factory payroll allocated to Job FX241: Debit Work in Process Inventory $21,000, Credit Factory Payroll $21,000.
- Factory payroll allocated to Job FX242: Debit Work in Process Inventory $25,500, Credit Factory Payroll $25,500.
- Factory payroll allocated to Job FX243: Debit Work in Process Inventory $22,500, Credit Factory Payroll $22,500.
- Factory payroll allocated to Job MML44: Debit Work in Process Inventory $38,000, Credit Factory Payroll $38,000.
- Factory payroll allocated to Indirect Labor: Debit Manufacturing Overhead $8,500, Credit Factory Payroll $8,500.
To determine the ending balances of the inventory ledger accounts, we need to account for the costs transferred to finished goods. The journal entry for transferring completed jobs to finished goods would be as follows:
- Transfer of Job FX241 to Finished Goods: Debit Finished Goods Inventory $73,100, Credit Work in Process Inventory $73,100.
- Transfer of Job FX242 to Finished Goods: Debit Finished Goods Inventory $55,260, Credit Work in Process Inventory $55,260.
To allocate the underapplied manufacturing overhead of $2,400, we need to prorate it based on the ending balances of Work in Progress, Finished Goods, and Cost of Goods Sold.
Let's assume the ending balances are:
- Work in Progress: $15,000
- Finished Goods: $70,000
- Cost of Goods Sold: $150,000
To allocate the underapplied manufacturing overhead, we can use a proration formula:
Underapplied Manufacturing Overhead / Total Ending Balances * Ending Balance of each account
Allocating the underapplied manufacturing overhead:
- Work in Progress: $15,000 / ($15,000 + $70,000 + $150,000) * $2,400 = $400
- Finished Goods: $70,000 / ($15,000 + $70,000 + $150,000) * $2,400 = $1,120
- Cost of Goods Sold: $150,000 / ($15,000 + $70,000 + $150,000) * $2,400 = $1,880
Therefore, $400 would be allocated to Work in Progress, $1,120 to Finished Goods, and $1,880 to Cost of Goods Sold.
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Discuss some of the causes of small business failure.
Which issues cause most business failures? Why?
Are you interested in some day launching a small business? If you are interested in launching a business, when do you intend to start it? If you intend to start a business, what steps can you take to increase the likelihood that it will succeed?
A lack of funds is another common reason for business failure. Starting a business requires enough capital to cover initial expenses and sustain the business until it becomes profitable.
Some common causes of small business failure include:
1. Lack of market demand:
Many businesses fail because there is simply not enough demand for their product or service. It's important for entrepreneurs to thoroughly research and understand their target market before starting a business.
2. Insufficient capital:
A lack of funds is another common reason for business failure. Starting a business requires enough capital to cover initial expenses and sustain the business until it becomes profitable. It's important to have a realistic financial plan and secure adequate funding.
3. Poor management and planning:
Inadequate management skills or a lack of planning can lead to failure. Successful businesses require effective leadership, strategic planning, and the ability to adapt to changing market conditions.
4. Strong competition:
Competing in a saturated market or facing tough competition can make it challenging for a small business to survive. It's important to differentiate your business and find a unique selling proposition to stand out.
5. Ineffective marketing and sales:
Poor marketing strategies and a failure to effectively sell products or services can contribute to business failure. It's important to develop a comprehensive marketing plan and implement strategies to reach and attract customers.
To increase the likelihood of small business success, entrepreneurs can take several steps:
1. Thoroughly research the market and target audience before starting a business.
2. Create a solid business plan that outlines goals, strategies, and financial projections.
3. Secure adequate funding and manage finances effectively.
4. Build a strong team and develop effective management skills.
5. Develop a unique selling proposition and differentiate your business from competitors.
6. Implement a comprehensive marketing and sales strategy to reach and attract customers.
7. Continuously monitor and adapt to market changes and customer needs.
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Edmund Company manufachures wheel rims. The oontroler expects the following ABC allocation rates for 2024: (Click the icon to view the allocation rates.) Edmund produces two wheel rm models: standard and deluxe. Expecied data for 2024 are as the feguicemente. follows: (Click the icon to view thn expected data.) Requirement 1. Compute the lotal estimated indirect manufacturing oost for 2024 . Begin by selecting the forrula to compute the fotal estimated everhead (CA) costs. Requirements 1. Compute the total estimated indirect manufacturing cost for 2024. 2. Prior to 2024, Edmund used a single plantwide overhead allocation rate system with direct labor hours as the allocation base. Compute the predetermined overhead allocation rate based on direct labor hours for 2024. Use this rate to determine the estimated indirect manufacturing cost per wheel rim for each model, to the nearest cent. 3. Compute the estimated ABC indirect manufacturing cost per unit of each model for 2024. Carry each cost per unit to the nearest cent. ated indirect manufacturing cost Data table Data table
We must apply the calculation for total estimated overhead (CA) expenses to determine the total projected indirect manufacturing cost for 2024. The equation is: Total estimated direct labor hours multiplied by the predetermined overhead allocation rate equals the total projected indirect manufacturing cost.
Before 2024, Edmund employed a single overhead allocation rate method that used direct labour hours as the allocation base throughout the whole plant. We may apply the following formula to get the predefined overhead allocation rate based on direct labor hours for 2024:
Total anticipated indirect manufacturing cost / Total estimated direct labor hours is the predetermined overhead allocation rate.
We may multiply the specified overhead allocation rate by the direct labor hours for each model to get the anticipated indirect manufacturing cost per wheel rim for each model. To the closest penny, round the anticipated indirect manufacturing cost for each wheel rim.
3. To assign the indirect manufacturing costs using the ABC method, we must determine the expected ABC indirect manufacturing cost per unit of each model for 2024. The ABC allocation rates must be used to distribute the indirect production expenses. We may add the equivalent activity measure for each model to the allocation rate for each cost pool.
For the conventional model, for instance, we may multiply the allocation rate for the material handling cost pool by the quantity of units manufactured. The projected ABC indirect manufacturing cost per unit for the standard model would be calculated by repeating the process for the remaining cost pools. Similar calculations would be made for the premium model.
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Onjanuary 1, 2039. Classes corp. issued a 10% installment note to Big Banle in the awount of 4100,000 . The note requires annual payments for 3 years. Using the appropriate Present Value Table (either Table 2 or Table 4 - both of which were also used in Problem 1), determine the amount of the annual payment and type your answer in the answer box.
To determine the amount of the annual payment for the 10% installment note issued by Classes Corp. to Big Banle, we can use the appropriate Present Value Table.
Since you mentioned Problem 1, I assume you have access to either Table 2 or Table 4.
To calculate the annual payment, follow these steps:
1. Look for the interest rate of 10% on the table.
2. Locate the corresponding number of periods, which in this case is 3 years.
3. Find the present value factor associated with the interest rate and a number of periods.
4. Multiply the present value factor by the total amount of the note, which is $410,000.
Please consult the appropriate table and calculate the value using the steps provided.
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Every Business is done to maximize the profits. ‘ Analyze the above statement & give detailed explanation in any FIVE of the following situations:
You have received an enquiry from a country which is facing FE problem. What is the best Method of Payment, under these circumstances?
If we are required to send the goods in installment what is the most ideal payment system?
You have worked hard in Middle East market & have established yourself as a reliable Agent. If we have to procure the goods from various manufacturers, what should be the proposal ? Will it make any difference if the identities of parties are to be hidden?
How does the Revocoble Letters of credit differ from Irrevocable L/Cs? I f the Revocable L/C doesn’t provide security of payment , why is it used?
Some advanced countries do not allow the Bank guarantee, so, what is the alternative available for securing the payments?
GAP , USA, has agreed to supply you garments , but, they want advance payment from the bank. What is the option with you?
The statement "Every business is done to maximize profits" is generally true. A business may have other objectives such as providing employment, serving its customers and society, and contributing to the economy, but making profits is necessary to achieve these objectives.
Below are detailed explanations of the given situations:
1. You have received an inquiry from a country which is facing FE problem.
What is the best method of Payment, under these circumstances?
A letter of credit (L/C) is the best method of payment when dealing with foreign countries that have foreign exchange (FE) issues.
An L/C is an instrument issued by a bank on behalf of a buyer to guarantee payment to a seller upon delivery of goods or services that comply with the terms and conditions of the L/C.
2. If we are required to send the goods in installments, what is the most ideal payment system?
In the case of installment payment, open account credit is the most ideal payment system.
The seller releases goods to the buyer on credit and sends an invoice with the agreed-upon payment schedule.
3. You have worked hard in the Middle East market & have established yourself as a reliable Agent.
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A bond is paying a 5% coupon rate. It pays interest annually and will mature in 20 years. A similar caliber bond is providing a YTM of 8%. How much would you pay for this bond?
N = 20
PV =
PMT = 5
FV =
I/Y =
(b) HCSH is launching a bond issue. The bonds will cost $850 per bond and have a coupon rate of 8%. The bonds will mature in 15 years. What is the yield on this bond?
N =
PV =
PMT =
FV =
I/Y =
Q7. What is the return on a zero-coupon bond that matures in 6 years, has face value of $1000 and is currently selling for $750?
N = 6
PV = 750
PMT = 0
FV = 1000
I/Y = 4.91
Q8. Which is a better investment - a bond that pays 6% coupon, matures in 10 years and costs $850; or a bond that costs the same and has the same coupon payment but matures in 15 years?
N =
PV =
PMT =
FV =
I/Y =
Q9. A bond pays 8% coupon rate and is priced at $935. If a similar bond has YTM (yield to maturity) of 10%, what is the maturity period of the bond?
N =
PV =
PMT =
FV =
I/Y =
Q10. You are considering buying a machine for $250,000. This machine has a life of 25 years and will sell for $75,000 scrap value at the end. If your required rate of return is 15%, what is the minimum annual cash flow that you can expect from this machine?
1) Calculation of PV: PV is the present value of the bond and is calculated as follows: PV = (PMT / YTM) x [1 - 1 / (1 + YTM)^N ] + FV / (1 + YTM)^NHere, PMT = 5, YTM = 8, N = 20, and FV is not given.PV = (5 / 0.08) x [1 - 1 / (1 + 0.08)^20 ] + 0 = $68.08 Therefore, the value of the bond would be $68.08.
2) Calculation of Yield: Yield is the required rate of return for an investor. It is also called the YTM (Yield to maturity) and is calculated as follows: PV = PMT / Y x [1 - 1 / (1 + Y)^N ] + F / (1 + Y)^NN = 15, PMT = 8%, F = 1000, and PV = $850. The value of Y is to be calculated.PV = (PMT / Y) x [1 - 1 / (1 + Y)^N ] + F / (1 + Y)^NY = 9.92%Therefore, the yield on this bond is 9.92%.
3) Calculation of YTM (Yield to Maturity): The YTM is calculated as follows: PV = F / (1 + YTM)^NHere, PV = $750, F = $1000, and N = 6 years.PV = F / (1 + YTM)^NYTM = 4.91% Therefore, the YTM is 4.91%.
4) Calculation of PV for 10 years bond: PV for 10 years bond is calculated as follows: PV = (PMT / YTM) x [1 - 1 / (1 + YTM)^N ] + FV / (1 + YTM)^NHere, PMT = 6, YTM is to be calculated, N = 10, and FV = $1000 - $850 = $150.PV = (6 / YTM) x [1 - 1 / (1 + YTM)^10 ] + 150 / (1 + YTM)^10PV = $904.69PV for 15 years bond is calculated as follows:
PV = (PMT / YTM) x [1 - 1 / (1 + YTM)^N ] + FV / (1 + YTM)^NHere, PMT = 6, YTM is to be calculated, N = 15, and FV = $1000 - $850 = $150.PV = (6 / YTM) x [1 - 1 / (1 + YTM)^15 ] + 150 / (1 + YTM)^15PV = $921.23Therefore, a bond that pays a 6% coupon, matures in 10 years and costs $850 is a better investment.
5) Calculation of annual cash flow: Annual cash flow is calculated as follows: Cash Flow = (Sale value - Purchase price) / Life of assetCash Flow = ($75,000 - $250,000) / 25Cash Flow = -$7,000This means that the machine will cost $7,000 per year rather than provide any cash flow.
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True/False The capital markets provide a mechanism to help our economy allocate resources efficiently in our comprised of all investors and creditors.
The answer to the statement "The capital markets provide a mechanism to help our economy allocate resources efficiently in our comprised of all investors and creditors" is FALSE
The capital markets do provide a mechanism to help our economy allocate resources efficiently, but the statement says that "our" is comprised of all investors and creditors, which is not true. Our economy is not only comprised of investors and creditors, there are other factors too.
Therefore, the statement is false as it doesn't hold for all investors and creditors.
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False. The capital markets do provide a mechanism to help our economy allocate resources efficiently, but they are not comprised of all investors and creditors.
Explanation:False. The capital markets do provide a mechanism to help our economy allocate resources efficiently, but they are not comprised of all investors and creditors. Capital markets include various types of financial institutions such as stock exchanges, bond markets, and money markets, where individuals, businesses, and governments can buy and sell securities to raise capital or invest in financial assets.
Investors and creditors are participants in the capital markets, but they do not represent the entire market. There are other participants such as financial intermediaries, institutional investors, and regulatory bodies that also play a crucial role in the functioning of capital markets.
For example, in the stock market, companies issue shares to raise capital from investors, who become partial owners of the company. Similarly, governments issue bonds to borrow money from investors, and creditors lend money to individuals or businesses in exchange for interest payments.
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analyze the approach taken in all six (6) phases of e-marketing using the SOSTAC Model analyze the approach taken in all six (6) phases of e-marketing using the SOSTAC Model
NOTE: 600-700 WORDS MINIMUM
The SOSTAC model provides a structured approach for analyzing the six phases of e-marketing, namely Situation analysis, Objectives, Strategy, Tactics, Actions, and Control.
: The SOSTAC model offers a comprehensive framework for developing and implementing an e-marketing strategy. Let's explore each phase briefly:
1. Situation analysis: This phase involves conducting a thorough analysis of the current market, competitors, target audience, and internal capabilities. It helps identify opportunities and challenges in the e-marketing landscape.
2. Objectives: In this phase, specific and measurable objectives are set, aligning with the organization's overall goals. These objectives could include increasing website traffic, improving conversion rates, or enhancing brand awareness.
3. Strategy: The strategy phase focuses on formulating a comprehensive plan to achieve the objectives. It involves defining the target audience, positioning the brand, and determining the value proposition. The strategy also outlines the marketing channels and tactics to be utilized.
4. Tactics: This phase involves developing specific tactics to implement the strategy. It includes activities such as search engine optimization (SEO), content marketing, social media campaigns, email marketing, and online advertising. Tactics are designed to reach the target audience and engage them effectively.
5. Actions: The actions phase involves the execution of the defined tactics. It includes creating and optimizing website content, launching marketing campaigns, managing social media accounts, and monitoring performance. This phase focuses on implementing the planned activities efficiently.
6. Control: The control phase involves monitoring and evaluating the effectiveness of the e-marketing efforts. Key performance indicators (KPIs) are identified to measure the success of the strategy. Regular analysis of data and metrics helps assess the performance, identify areas for improvement, and make necessary adjustments to the e-marketing strategy.
The SOSTAC model provides a systematic and integrated approach to e-marketing, ensuring that each phase is carefully considered and executed. It helps organizations establish a solid foundation, define clear objectives, develop a targeted strategy, implement effective tactics, take action, and continuously evaluate and optimize their e-marketing efforts.
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A stock pays an annual dividend of $4.08 per share. Calculate the dividends (in dollars) paid to a shareholder who has 500 shares of the company's stock.
The dividends paid to a shareholder with 500 shares of the company's stock would be $2,040. This is calculated by multiplying the annual dividend per share ($4.08) by the number of shares (500).
To calculate the total dividend amount, we multiply the annual dividend per share ($4.08) by the number of shares (500): $4.08 × 500 = $2,040.
This means that the shareholder will receive a total dividend payment of $2,040 for owning 500 shares of the company's stock. Dividends are typically paid out on a per-share basis to shareholders as a distribution of the company's earnings.
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Riverbed, Inc. has a fiscal year ending April 30. On May 1, 2020, Riverbed borrowed $10,092,000 at 11% to finance construction of its own building. Repayments of the loan are to commence the month following completion of the building. During the year ended April 30, 2021, weighted-average accumulated expenditures were $3,532,200. Interest earned on the unexpended portion of the loan amounted to $655,980 for the year. How much should be shown as capitalized interest on Riverbed's financial statements at April 30, 2021? Capitalized interest on Riverbed's financial statements
During the year ended April 30, 2021, weighted-average accumulated expenditures were $3,532,200. Riverbed, Inc. should show $388,542 as capitalized interest on its financial statements at April 30, 2021.
The capitalized interest on Riverbed's financial statements at April 30, 2021 should be calculated based on the weighted-average accumulated expenditures and the interest earned on the unexpended portion of the loan.
To calculate the capitalized interest, we can use the following formula:
Capitalized Interest = Weighted-Average Accumulated Expenditures * Interest Rate
Assuming the interest rate of 11%, we can calculate the capitalized interest:
Capitalized Interest = $3,532,200 * 11% = $388,542
Therefore, Riverbed should show $388,542 as capitalized interest on its financial statements at April 30, 2021.
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: Logano Driving School's 2017 balance sheet showed net fixed assets of $5.4 million, and the 2018 balance sheet showed net fixed assets of $6 million. The company's 2018 Income statement showed a depreciation expense of $425,000. 1.31 points What was net capital spending for 2018? (Do not round Intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) (2 02:07:30 Net capital spending eBook Hint Print References
The net capital spending for 2018 is $1,025,000. Capital spending, also known as capital expenditure or CapEx, refers to the funds invested by a company in acquiring, upgrading, or maintaining its long-term assets.
The net capital spending for 2018 can be calculated by considering the change in net fixed assets and the depreciation expense.
Net capital spending = Change in net fixed assets + Depreciation expense
Given:
Net fixed assets in 2017 = $5.4 million
Net fixed assets in 2018 = $6 million
Depreciation expense in 2018 = $425,000
Change in net fixed assets = Net fixed assets in 2018 - Net fixed assets in 2017
Change in net fixed assets = $6 million - $5.4 million = $600,000
Net capital spending = $600,000 + $425,000 = $1,025,000
Therefore, the net capital spending for 2018 is $1,025,000.
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Among the goals of employee discipline is/are to motivate an employee to improve. all of the responses. to make sure the employee is aware of the consequences of less-than-satisfactory performance. to make sure the employee has the appropriate skills and tools
The goals of employee discipline include motivating an employee to improve, ensuring they are aware of the consequences of unsatisfactory performance, and providing them with the necessary skills and tools for success.
Employee discipline serves as a means to motivate employees to enhance their performance. By implementing appropriate disciplinary measures, such as constructive feedback, goal setting, and performance improvement plans, organizations aim to inspire employees to strive for better results. This motivation can be achieved by outlining clear expectations and offering support and guidance to help employees develop and grow professionally.
In addition to motivation, another goal of employee discipline is to ensure that employees understand the consequences of subpar performance. Clear communication about the impact of their actions, such as warnings, reprimands, or potential job loss, can help employees recognize the seriousness of their performance issues. This awareness of consequences can encourage them to take corrective action and work towards meeting the required standards.
Furthermore, effective employee discipline focuses on identifying and addressing any skill or resource gaps that may hinder performance. It involves providing employees with the necessary tools, training, and resources to succeed in their roles. By investing in the development of employees, organizations demonstrate their commitment to supporting their growth and improvement, which can ultimately lead to enhanced productivity and job satisfaction.
In conclusion, the goals of employee discipline encompass motivating employees to improve, ensuring they are aware of the consequences of underperformance, and equipping them with the skills and tools necessary for success. By combining these objectives, organizations can foster a culture of continuous improvement and help employees reach their full potential.
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A product can satisfy customers' convenience needs by being easy to purchase. What are some other ways that a product could satisfy customers' need for product convenience?
A product can satisfy customers' need for convenience in several ways. Apart from being easy to purchase, here are some other ways a product can provide convenience to customers:
1. Accessibility: The product should be readily available to customers, either through physical stores or online platforms. It should be easily accessible without any major barriers.
2. User-friendly design: The product should be designed in a way that is intuitive and easy to use. This can include features such as clear instructions, simple interfaces, and ergonomic design.
3. Time-saving: Customers value products that help them save time. This can be achieved by reducing the time required to set up or assemble the product, or by providing features that streamline tasks.
4. Portability: Customers often appreciate products that are portable and easy to carry. This allows them to use the product wherever and whenever they need it, enhancing convenience.
5. Maintenance and support: Products that require minimal maintenance and come with reliable customer support can provide convenience to customers. This includes easy troubleshooting, warranty services, and readily available spare parts.
6. Compatibility: Products that are compatible with other devices or systems that customers already use can offer convenience. This allows for seamless integration and reduces the need for additional equipment.
By considering these factors, businesses can create products that meet customers' convenience needs and enhance their overall experience.
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when specific improvement provisions are included in a lease, giving the tenant the right to improve the property, they are sometimes referred to as...?
These provisions are commonly referred to as "tenant improvement provisions" in a lease.
When a lease includes specific provisions granting the tenant the right to improve the property, these provisions are known as "tenant improvement provisions." Tenant improvement provisions outline the conditions, scope, and terms under which a tenant can make modifications, alterations, or improvements to the leased property.
They typically address aspects such as the nature of the improvements, approval process, cost allocation, and restoration obligations. These provisions are important in commercial leases as they define the rights and responsibilities of both the landlord and the tenant regarding property improvements.
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Oil prices and the macroeconomy Assume that the economy starts at the natural level of output. Now the war between Russia and Ukraine sends the oil price to a near record high. a. Using the wage-setting (WS) and price-setting (PS) diagram (and explaining the intuition of the curves), show what happens to the unemployment rate in the medium run. Why does this happen? (4 marks) b. Assuming a simple production function, Y=N, where Y is output and N is employment, explain what happens to medium-run equilibrium output. (2 marks) c. Assume the central bank has an inflation target. In an AS-AD diagram (explaining what lies behind the curves), show and explain what happens to output and inflation in the short run and the medium run. (4 marks)
a. The increase in oil prices will lead to a decrease in the demand for goods and services. As a result, firms will need to cut down on their production to meet the decreased demand for their products. This will lead to lower levels of employment, which will increase the unemployment rate in the medium run.
b. If Y=N, where Y is output and N is employment, medium-run equilibrium output will decrease due to the decrease in employment in the medium run.
c. In the short run, a rise in oil prices will increase the costs of production for firms. Due to higher costs, the AS curve shifts upward, leading to a decrease in output and an increase in prices (inflation).
However, in the medium run, firms adjust their prices to reflect the increased costs, which leads to a shift in the PS curve upward. As a result, output decreases, and prices remain the same. Thus, in the medium run, there is a tradeoff between output and inflation. Inflation remains constant, but output decreases.
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Identify the A&W company’s fiscal year end, and total revenue and net income for the most recent fiscal year (this can be bullet points).
Determine the A&W company’s stock price on the first date of the school term (Closing price Sep 6th, 2022)
A&W is a popular fast-food chain known for its signature root beer and hamburgers. A&W Restaurants, Inc. is the company's parent organization. The company's fiscal year finishes on the last day of December each year. The following are the most recent fiscal year's statistics for the company:
- Fiscal year end: December 31, 2021
- Total revenue: $ 1.38 billion
- Net income: $ 31.4 million
To determine A&W company's stock price on the first date of the school term, we will need to know the closing price of the A&W company's stock price on September 6th, 2022. This information is not currently available, as the stock market is constantly changing and the stock price will vary from day to day.
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"in planning for your retirement, you would like to withdraw
$80,000 per year for 17 years, the first withdrawal will occur 20
years from today.
A- what amount must you invest today if your return is 1"
To calculate the amount you must invest today to be able to withdraw $80,000 per year for 17 years,
with the first withdrawal occurring 20 years from today, we can use the concept of present value.
Step 1: Determine the future value (FV) of the withdrawals.
Since you'll be withdrawing $80,000 per year for 17 years,
we can calculate the future value as follows:
FV = $80,000 x 17 = $1,360,000
Step 2: Calculate the present value (PV) of the future withdrawals.
Since the first withdrawal will occur 20 years from today,
we need to discount the future value to its present value.
Assuming a return of 1%, we can use the formula:
PV = FV / (1 + r)^n
Where r is the annual return rate (expressed as a decimal) and n is the number of years.
PV = $1,360,000 / (1 + 0.01)^20
Step 3: Calculate the present value (PV) of the future withdrawals.
Using a financial calculator or spreadsheet software, the calculation is:
PV = $1,360,000 / 1.218
Step 4: Calculate the amount you must invest today.
The present value (PV) represents the amount you must invest today
to be able to withdraw $80,000 per year for 17 years.
Amount to invest today = $1,116,751 (rounded to the nearest dollar)
Therefore, you would need to invest approximately $1,116,751 today if your return is 1%.
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Yoshi Company Completed The Following Transactions And Events Involving Its Delivery Trucks. Year 1 January 1 Paid $22,615 Cash
The journal entry to record the given transaction on January 1 is as follows:Debit: Delivery trucks $22,615Credit: Cash $22,615.
According to the given information, Yoshi Company paid $22,615 cash for the delivery trucks on January 1st of year 1. Therefore, this transaction can be recorded in a journal entry, which is the first step in the accounting cycle.Here, delivery trucks are a fixed asset for Yoshi Company, and cash is a current asset. A fixed asset is a long-term asset that provides a long-term benefit to the company. In contrast, a current asset is an asset that is expected to be converted into cash within a year.
The debit entry increases the value of delivery trucks, which is an asset account, and the credit entry increases the value of cash, which is an asset account. The journal entry satisfies the accounting equation, which states that the total assets must be equal to the total liabilities and owner’s equity.In this transaction, there is no change in liabilities or owner’s equity because it is a cash transaction. The value of the company’s assets increased by $22,615 as the company now owns delivery trucks worth $22,615.
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