Answer:
$0 and $450,000.
Explanation:
Calculation for What is the recognized gain or loss and the basis of the office building
Calculation for the recognized gain or loss
Using this formula
Recognized gain or loss =Amount realized -(Adjusted basis-Realized loss)
Let plug in the formula
Recognized gain or loss= ($350,000 + $150,000) -( $600,000-$100,000)
Recognized loss =($500,000-$500,000)
Recognized loss =$0
Therefore the Recognized loss will be $0
Calculation for the basis of the office building
Using this formula
Basis of the office building=FMV+Postponed loss
Let plug in the formula
Basis of the office building= $350,000+$100,000
Basis of the office building= $450,000
Therefore the Basis of the office building will be $450,000
Dorman Company reported the following data: Net income $225,000 Depreciation expense 25,000 Gain on disposal of equipment 20,500 Decrease in accounts receivable 14,000 Decrease in account payable 3,600 Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
Answer:
$239,900
Explanation:
Cash Flows from Operating Activities section
Particulars Amount
Net income $225,000
Add Depreciation expenses $25,000
Less Gain on disposal of equipment $20,500
Add Decrease in accounts receivables $14,000
Less Decrease in accounts payable $3,600
Net cash flow from operating activities $239,900
Best Practices, Inc., is a management consulting firm. Its Corporate Division advises private firms on the adoption and use of cost management systems. Government Division consults with state and local governments. Government Division has a client that is interested in implementing an activity-based costing system in its public works department. The division’s head approached the head of Corporate Division about using one of its associates. Corporate Division charges clients $600 per hour for associate services, the same rate other consulting companies charge. The Government Division head complained that it could hire its own associate at an estimated variable cost of $200 per hour, which is what Corporate pays its associates. Required: a. What is the minimum transfer price that Corporate Division should obtain for its services, assuming that it is operating at capacity? b. What is the maximum price that Government Division should pay? c-1. Is there any change in minimum transfer price as referred in part (a), if Corporate Division had idle capacity? c-2. Is there any change in maximum transfer price as referred in part (b), if Corporate Division had idle capacity?
Answer: See explanation
Explanation:
a. What is the minimum transfer price that Corporate Division should obtain for its services, assuming that it is operating at capacity?
The minimum transfer price that should be obtained by Corporate Division for its services would be the market price for the services which will be:
= $600
b. What is the maximum price that Government Division should pay?
The maximum price that the government division should pay would be the estimated variable cost which will be:
= $200 per hour.
c. 1. Is there any change in minimum transfer price as referred in part (a), if Corporate Division had idle capacity? c-2. Is there any change in maximum transfer price as referred in part (b), if Corporate Division had idle capacity?
In a scenario whereby the Corporate Division had idle capacity, then part (a) would be $200 per hour and then (b) won't be effected.
Analyse how an increase in government spending may create economic growth
Answer:
see below
Explanation:
An increase in government spending is an expansionary fiscal policy applied to stimulate economic growth. The government increases spending by engaging in capital and labor-intensive projects such as the building of public roads, bridges, schools, hospitals, railway lines, airports, and other public goods.
Since these projects are labor-intensive, they create employment for many people. It means previously unemployed people will have an income. The workers will spend their new income buying goods and services in the market, resulting in a general increase in demand. As demand increases, production increases resulting in a higher GDP.
The projects also consume many materials ranging from steel, timber, cement, and many others. The demand for materials will increase, resulting in higher production and an increase in employment.
An increase in government spending creates employment, increases income and aggregate demand resulting in increased economic activities and a higher GDP.
Rivian is considering an trucking assembly. The R1T assembly has an expected life of 5 years, will cost $95 million, and will produce net cash flows of $37 million per year. Inflation in operating costs and battery costs is expected to be zero, and the company's cost of capital is 10%. What is the equivalent annual annuity?
Answer:
Rivian
The equivalent annual annuity is:
$28,053,400.
Explanation:
a) Data and Calculations:
R1T assembly investment cost = $95,000,000
Net cash flows = $37,000,000 per year
Cost of capital = 10%
Period of investment and annuity = 5 years
Annuity factor = 3.791
Present value of annuity = (3.791 * $37,000,000)/5
= 140,267,000/5
= $28,053,400
b) The net cash flows of $37 million per year will produce an annuity value of $28,053,400. In comparison with the investment cost in the R1T assembly, the present value of the annuity is reasonable.
Tom's family and close friends have both a direct and indirect influence on his attitude and behavior when considering purchases. This is considered Tom's ________________________. Group of answer choices Role
Answer:
Reference group
Explanation:
A reference group is the group where there is a people that compared for ourselves irrespective of the part of the group or not. In this in understand the social norms that can shape our values, ideas, attitudes, behavior, etc
Since in the given question it is mentioned that Tom has both direct and indirect influence with respect to his attitude and behavior while when he considered the purchase so this represent the reference group
hence, the same is to be considered
Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on January 1, 2016. Alden financed $39,169,279, and the note agreement will require $10.07 million in annual payments starting on December 31, 2016 and continuing for a total of four more years (final payment December 31, 2020). Kenworthy will charge Alden Trucking Company the market interest rate of 9% compounded annually. After the first payment was made, the note payable liability on December 31, 2016 is closest to:___________
A) $29,099,279.
B) $34,134,279.
C) $40,280,000.
D) $32,624,514.
Answer:
D) $32,624,514.
Explanation:
Installments (A) = $10,070,000
Principal due (B) = $39,169,279
Interest Payment (C) =B x 9% = $39,169,279*9%
Interest Payment (C) = $3,525,235
Principal Payment (D) = A - C
Principal Payment (D) = $10,070,000 - $3,525,235
Principal Payment (D) = $6,544,765
Total Due (E) = B - D
Total Due (E) = $39,169,279 - $6,544,765
Total Due (E) = $32,624,514
So, after the first payment was made, the note payable liability on December 31, 2016 is closest to $32,624,514
The cost of equity for a firm is 20%. If the real interest rate is 5%, the inflation premium is 3%, and the market risk premium is 2%, what is the investment risk premium for the Firm
Answer: 10%
Explanation:
Investment risk premium is used to determine the returns an investor makes in excess of real interest rates, inflation and the market return;
= Cost of Equity - Real interest rate - Inflation premium - Market risk premium
= 20% - 5% - 3% - 2%
= 10%
(LO 8) Maxim manufactures a hamster food product called Green Health. Maxim currently has 18,500 bags of Green Health on hand. The variable production costs per bag are $3.50 and total fixed costs are $27,000. The hamster food can be sold as it is for $10.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 18,500 bags of Premium Green and 4,700 bags of Green Deluxe, which can be sold for $9 and $7 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:
Answer:
$ 199,400
Explanation:
Calculation for what the revenue from the two products would be:
VENUE IF PROCESSED FURTHER:
Premium Green $166,500
(18,500 bags * $9 per bag)
Green Deluxe
(4,700 bags * $7 per bag) $32,900
Total revenue if processed further $ 199,400
Therefore Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe what the revenue from the two products would be is $ 199,400
Which sentence best describes the irony in the passage?
It is ironic that Jim and Della will not be able to use their presents until the future.
It is ironic that Jim cannot use Della’s present because he sold his watch to get her present.
It is ironic that Jim wanted his present so badly but no longer wants it.
The sentence which best describe the irony in the passage is
that Jim cannot use Della’s present because he sold his watch to get her present.
That is best describe in the passage as they both have shown their immense feeling of emotions towards each other.
To know more about Irony, click here
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Under Armour used product placements in Any Given Sunday to help promote the brand. This likely involved the company paying cash to the producers of the film so that they would feature the brand prominently. This type of arrangement is very similar to what your text describes as?
Answer: sponsorship
Explanation:
Sponsorship simply refers to a situation whereby a company or an organization puts money into a particular event so that the products or brand of the said company can be promoted.
Based on the scenario in the question, this type of arrangement is very similar to what your text describes as sponsorship. Since the company pays for its brand to be displayed, it is sponsorship.
Accounts Receivable: $24,000Allowance for Uncollectible Accounts: $1,000During the year there were $450,000 of credit sales, $460,000 of collections from credit customers, and $3,700 of write-offs of delinquent accounts. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method, and applied a rate, based on past history, of 1.2%. At the end of the year, what was the balance in the Accounts receivable
Answer: $10,300
Explanation:
The following can be deduced from the question:
Opening balance of the account receivable = $24,000
Accounts receivable after the credit sales would be calculated as:
= $24,000 + $450,000
= $474,000
We then calculate the accounts receivable after the collection of credit which will be:
= $474,000 - $460,000
= $14,000
Therefore, the the balance in the accounts receivable would be:
=$14,000 - $3,700
= $10,300
A firm in a perfectly competitive market has an average total cost of $40 for the 100th good it sells. Its fixed costs are $100. The average total cost of the 101th good is $41. If the market price is $50 this firm should g
Answer:
b. Sell only 100 goods because the marginal cost of the 101th exceeds marginal revenue
Explanation:
Options "Sell 101 goods because it adds to profit. Sell only 100 goods because the marginal cost of the 101th exceeds marginal revenue. Sell 101 goods because its fixed costs are so low. Sell 101 because price is greater than average total costs."
When it produces 100 units, total cost = average cost * units = $40 * 100 = $4,000.
When it produces 101 units, total cost = average cost * units = $41 * 101 = $4,141
So, the marginal cost of the 101st unit = $4,141 - $4,000 = $141. However, since the price is $50, the marginal revenue is $50.
So, the marginal cost of the 101st unit is higher than the marginal revenue.
A self-insurance activity that is accounted for in an Internal Service Fund pays $365,000 in claims during the year. Because the Internal Service Fund is a proprietary fund, the claims will be reported on the statement of revenues, expenses, and change in net assets as A. An operating expense. B. As a contra-revenue to premiums charged. C. A non-operating expense. D. Another financing use. E. None of these answers is correct.
Answer:
A. An operating expense.
Explanation:
Since in the question it is mentioned that the self insurance activity i.e. accounted for an internal service fund that paid the amount of $365,000. Also as we know that the internal service fund is a proprietary fund so the claim should be reported as an operating expenses in the revenues, expenses and change in net asset statement
Therefore the correct option is a.
can someone help me:
list down 3 recession marketing strategy?
Answer:
Don't arbitrarily cut your marketing budget.
Do a deep dive of your target audience's recession behavior.
Analyze and track everything—now.
Focus on existing customers.
Explanation:
A company purchased property for a building site. The costs associated with the property were: Purchase price $ 184,000 Real estate commissions 15,900 Legal fees 1,700 Expenses of clearing the land 2,900 Expenses to remove old building 1,900 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building
Answer: The portion of these costs that will be allocated to the cost of the land is $206,400 and the portion that should be allocated to the cost of the new building is 0.
Explanation:
The following information can be gotten from the question:
Purchase price = $184,000
Real estate commissions = $15,900
Legal fees = $1,700
Expenses of clearing the land = $2,900
Expenses to remove old building = $1,900
Therefore, the portion of these costs should be allocated to the cost of the land will be:
= $184,000 + $15,900 + $1,700 + $2,900 + $1,900
= $206,400
It should also be noted that building cost will be 0.
Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% and the U.S. has a corporate income tax rate of 35%. If the U.S. has a bilateral trade agreement with the host country that calls for the total tax paid to be equal to the maximum amount that could be paid in the highest taxing country, what is the total amount of income taxes Green Valley Exporters will pay to the host country, and how much will they pay in U.S income taxes on the foreign earned income?A) $25,000
B) $35,000
C) $51,250
D) $60,000
Answer:
a. A) $25,000
b. $10,000
Explanation:
A. Calculation for what is the total amount of income taxes Green Valley Exporters will pay to the host country
Total amount of income taxes to pay host country=$100,000*corporate income tax rate of 25%
Total amount of income taxes to pay host country=$25,000
Therefore the total amount of income taxes Green Valley Exporters will pay to the host country will be $25,000
B. Calculation for how much will they pay in U.S income taxes on the foreign earned income
First step is to calculate tax amount in US
Tax amount in US=$100,000*35%
Tax amount in US=$35,000
Second step is to calculate host country corporate income tax rate
Host country corporate income tax rate =$100,000*25%
Host country corporate income tax rate=$25,000
Last step is to calculate how much will they pay in U.S income taxes on the foreign earned income
U.S income taxes on the foreign earned income=$35,000-$25,000
U.S income taxes on the foreign earned income=$10,000
Therefore how much will they pay in U.S income taxes on the foreign earned income is $10,000
4. Matilda and Rene are also trying to forecast what their federal and state income taxes will
be for the end of the year. If Matilda and Rene had a negative cash flow of -$150.00 per
month from January through April, but a positive cash flow of $1,000.00 per month (after
expenses) from May through December, on what dollar amount will they determine their
income taxes? What expenses could be used for tax deductions? (15 points)
Answer:
what do you need help with...
Explanation:
Snoopy, Inc. records its bad debt expense on the credit sales method. Total sales during 2020 were $1,500,000, which consisted of $300,000 of cash sales and the remainder were credit sales. Snoopy's estimation is that 3% of net sales would be uncollectible. During the year, Snoopy wrote off $100,000 of accounts receivable and the allowance for doubtful accounts amount is $50,000. What is the amount of bad debt expense for 2020
Answer:
the amount of bad debt expense for the year 2020 is $36,000
Explanation:
The computation of the amount of bad debt expense is shown below:
= Estimation of 3% net sales that would be uncollectible
= 3% of ($1,500,000 - $300,000)
= 3% of $1,200,000
= $36,000
Hence, the amount of bad debt expense for the year 2020 is $36,000
The same is to be considered
______ occurs when an employee or an applicant is treated unfairly at work or in the job hiring process due to an identity group, condition, or personal characteristic.
Answer:
Workplace discrimination.
Explanation:
Workplace discrimination is an extremely negative situation that occurs due to certain characteristics of an individual. It may occur because the individual belongs to different ethnic groups, depending on nationality, color, religion, etc.
This situation is harmful to the organization as a whole, the discriminated individual is the one who suffers the most for having their equality rights violated and for feeling coerced and disrespected in a work environment that should be supported by criteria of equality, ethics and collaboration .
It is necessary for companies to be aware of possible loopholes in their policies that may corroborate with such illegal acts, revising them whenever necessary and strengthening the values of respect for personal individualities and equality among employees.
Drag the tiles to the correct boxes to complete the pairs.
Match the instances to the marketing utilities that they satisfy toward value proposition.
Cassey has her ice-cream shop just outside
the school.
Cassey’s ice cream blends with the richest
ingredients to make it tasty as well as healthy.
Cassey also offers credit to school kids
by maintaining a book of accounts.
Casey lists the nutritional value of each
flavor on a sign at the bottom of the
ice cream cartons.
form
place
Answer:
picture?
Explanation:
you cant put this here without a picture
Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $8.50 per share. If the required return on this preferred stock is 6.5%, then at what price should the stock sell
Answer:
$130.77
Explanation:
Price of preferred stock = Annual dividend / Required return
Price of preferred stock = $8.50/0.065
Price of preferred stock = $130.7692307692308
Price of preferred stock = $130.77
the stock price is : $130.77
Hope this helps! good luck :)
Merger Gains. Acquiring Corp. is considering a takeover of Takeover Target Inc. Acquiring has 10 million shares outstanding, which sell for $40 each. Takeover Target has 5 million shares outstanding, which sell for $20 each. If the merger gains are estimated at $25 million, what is the highest price per share that Acquiring should be willing to pay to Takeover Target shareholders
Answer: $25 per share
Explanation:
Find the extra amount that would have to be paid on Takeover Target stock to enable a gain of $25 million.
= 25,000,000/ 5,000,000 shares
= $5 per share
Takeover Target is currently selling at $20 so the price it can be sold at for a gain of $25 million is;
= 20 + 5
= $25 per share
PURCHASING POWER PARITY In the spot market, 19.1 Mexican pesos can be exchanged for 1 U.S. dollar. A compact disc costs $15 in the United States. If purchasing power parity (PPP) holds, what should be the price of the same disc in Mexico
Answer: $286.50
Explanation:
Purchasing Power Parity (PPP) posits that prices are the same across countries given the rate of exchange between the currencies of the countries in question.
1 USD = 19.1 Mexican pesos.
Compact disc in Mexico would cost;
= 19.1 * 15
= $286.50
Todd and Jorge have considered starting their own business but are concerned about the possibility of losing their personal assets if the business fails. One way for both Todd and Jorge to avoid this risk would be to organize their firm as a(n):
Answer:
corporation
Explanation:
From the question, we are informed about Todd and Jorge who have considered starting their own business but are concerned about the possibility of losing their personal assets if the business fails. N this case, One way for both Todd and Jorge to avoid this risk would be to organize their firm as corporation. Corporation can be regarded as legal entity which could be set up by shareholder or individuals so that profit can be made. It gives room for contracts entering, remition of taxes by federal and state, own asset , ability to sue and be sued.
The following information for Cooper Enterprises is given below:December 31, 2018Assets and obligations Plan assets (at fair value) $600,000Accumulated benefit obligation 1,110,000Projected benefit obligation 1,200,000Other Items Pension asset / liability, January 1, 2018 30,000Contributions 360,000Accumulated other comprehensive loss 503,700There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years. What is the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2018?a. $600,000b. $90,000c. $1,110,000d. $1,200,000
Answer:
a. $600,000
Explanation:
The computation of the amount reported as a pension liability on the balance sheet is as follows:
= Projected benefit obligation - plant asset at fair value
= $1,200,000 - $600,000
= $600,000
Hence, the amount reported as a pension liability on the balance sheet is $600,000
Therefore the correct option is a.
Lori Nichols opened an engineering office and titled the business Engineering Enterprises P.C. During its first month of operations, it completed the following transactions: Lori invested $30,000 in the business, which in turn issued common stock to her. The business purchased equipment on account for $6,000. The business provided engineering services on account, $10,000. The business paid salaries to the receptionist, $1,000. The business received cash from a customer as payment on account $6,000. The business borrowed $8,000 from the bank, issuing a note payable. At the end of the month, Cash would equal: A) $30,000.B) $37,000.C) $43,000.D) $61,000.
Answer:
Engineering Enterprises P.C.
At the end of the month, Cash would equal:
C) $43,000.
Explanation:
a) Data and Calculations:
Cash Account:
Lori investment in Engineering Enterprises P.C. = $30,000
Payment of salaries to the receptionist = (1,000)
Cash received from a customer on account = 6,000
Cash borrowed from the bank = 8,000
At the end of the month, Cash would equal $43,000
b) The cash balance at the end of the month is made up of the investment by Lori for common stock in Engineering Enterprises P.C. and the cash received respectively from a customer and the bank, minus the cash payment made to the receptionist as salaries.
A cyclically adjusted budget balance: a. is an estimate of what the budget balance would be if real GDP were equal to potential output. b. is the same as the national debt, and it rises as interest cost is accrued. c. shows what the budget balance would be with a significant amount of cyclical unemployment. d. is a good indicator of the depreciation of the capital stock.
Answer:
a. is an estimate of what the budget balance would be if real GDP were equal to potential output.
Explanation:
A cyclically adjusted budget balance is an estimate of what the budget balance would be if real GDP were equal to potential output. A cyclical adjustment budget balance measures the stance of fiscal policy, as it removes the endogenous components of spending and revenues and its also estimate the budget balance if the economy is in the long run equilibrium.
Net sales for the year were $325,000 and cost of goods sold was $240,500 for the company’s existing products. A new product is presently under development and has an expected selling price of $40 per unit in order to remain competitive with similar products in the marketplace. The dollar amount of gross profit and the gross profit ratio for the year were:_______
a. $324,000 and 100%, respectively.
b. $84,500 and 26%, respectively.
c. $240,500 and 74%, respectively.
d. $83,500 and 74%, respectively.
Answer:
The correct answer is B.
Explanation:
Gross profit equals net sales minus cost of sales(Net sales- Cost of Sales).
Net sales = $325,000
Cost of Sales = $240,500
Therefore we have;
$325,000 - $240,500
=$84,500
Gross profit ratio is (Gross profit/net sales) x 100%
($84,500 x $325,000) x 100%
26%
What is a 3-month overnight indexed swap (OIS)?
The Fresh Fish sushi restaurant opened a year ago in Mahwah, NJ. Assume the sushi market operates in perfect competition and the timeframe is the short run. Suppose sushi restaurants are earning economic profits. New competitors will ___ the market; the overall quantity of sushi available in Mahwah will ___ and Fresh Fishes share of the market will ___
Incomplete question. The options:
a. Enter, decrease, increase
b. Enter, increase, decrease
c. Enter, increase, increase
d. Exit, decrease, decrease
Answer:
b. Enter, increase, decrease
Explanation:
What happens basically in this scenario is what we find in real life when a company launches a very successful product or service, other existing or previously not existing companies may begin to offer the same type of service (eg Uber's ride-sharing service).
So as The Fresh Fish makes economic profits, this will attract new competitors to enter the sushi market; thereby making the overall quantity of sushi available in Mahwah to increase because of the increase in sellers and Fresh Fishes' share of the market will decrease.
