Answer:
1. To encourage various groups to come forward and report fraud, Dodd-Frank extended whistle-blowing privileges and rewards to which of the following?
D. All of these are correct.
2. Whistleblowers who meet the criteria are eligible to receive an award based on what was collected as a result of the monetary sanctions. This can vary from_________.
a. 1 to 10 percent.
Explanation:
In whistleblowing against a fraud in a company or an organization, the maximum amount which the whistleblower can receive is 10% of the money recovered (or involved) while the least amount would be 1% of the said recovered money
Henry Crouch's law office has traditionally ordered ink refills 50 units at a time. The firm estimates that carrying cost is 35% of the $12 unit cost and that annual demand is about 235 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal?
Answer:
ordering costs = $22.34
Explanation:
economic order quantity (EOQ) = √(2SD / H)
D = annual demand = 235H = holding cost = 35% x $12 = $4.20S = cost per order = ?EOQ = 5050 = √[(2 x S x 235) / $4.20]
2,500 = (2 x S x 235) / $4.20
$10,500 = 2 x S x 235
S = $10,500 / (2 x 235) = $10,500 / 470 = $22.34
Mary Martin, the owner of Martin Consulting, Inc., started the business by investing $48,000 cash. Identify the general journal entry below that Martin Consulting, Inc. will make to record the transaction.
A
Cash 48,000
Increased Equity 48,000
B
Investments 48,000
Cash 48,000
C
Cash 48,000
Common stock 48,000
D
Common stock 48,000
Cash 48,000
E
Investments 48,000
Common stock 48,000
Expert Answer
Answer:
The correct option is C.
Cash 48,000
Common stock 48,000
Explanation:
When the owner of a business introduces or invests cash into his own company, it is regarded as a capital or common stock.
The cash invested is therefore recorded in the owner's equity account or as a common stock in order to the stake of the owner in the business. That is, the equity or common stock account show the amount of the assets of the company that are owned by the owner but not by the creditors.
The investment of $48,000 in Martin Consulting, Inc. by Mary Martin, the owner, implies that Martin Consulting, Inc. receives cash from the owner and this will be recorded in the Common Stock of owner.
Therefore, the account the general journal entry to be made in the book of Martin Consulting, Inc. to record this transaction is as follows:
Debit Cash for $48,000
Credit Common stock for $48,000
This will appear as follows:
Particulars Dr ($) Cr ($)
Cash 48,000
Common Stock 48,000
(To record cash investment by the owner.)
Therefore, the correct option is C.
The Retained earnings account for Nathan Corporation had a credit balance of $800,000 at the end of 2016. Selected transactions during 2017 follow:
a. Net income was $130,000.
b. Cash dividends declared were $60,000
c. Repurchased 100 shares of Nathan Corporation common stock, paying S20 per share. Each share has a $5 par value and was originally issued for $35.
d. Sold 20 shares of Nathan Corporation common stock for $22 each.
Required:
Calculate Nathan's retained earnings balance as of the end of 2011. How large of a dividend could Nathan have declared in 2011?
Answer:
1 & 2. $870,000
Explanation:
1. Retained Earnings is an equity account from which dividends are paid. The Net Income is added to this and the dividends are deducted from this.
Retained Earnings for the year = Beginning balance + Net Income - Dividends
= 800,000 + 130,000 - 60,000
= $870,000
2. Nathan Corporation could have declared the entire retained earnings of $870,000. This is however, not a recommended action because the Retained Earnings maintain a cushion for the company and as such contribute to financial health and structure of the company.
The stock ABC has a beta of 1.6 and its standard deviation is 30%. Its correlation coefficient with the market return is 0.8. What is the standard deviation of the market return? A. None of the answers is correct B. 18% C. 20% D. 15%
Answer: D. 15%
Explanation:
Beta is given as 1.6 but is calculable by the formula;
Beta = Correlation Coefficient of stock with market returns * [tex]\frac{Standard Deviation of stock returns}{Standard Deviation of market returns}[/tex]
1.6 = 0.8 * 30%/Sdm
30% /Sdm = 1.6/0.8
30% / Sdm = 2
Sdm * 2 =30%
Sdm = 30%/2
Sdm = 15%
A firm has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars' worth of sales are generated from every $1 in total assets
Answer:
So, from every $1 of total assets, $1.08 worth of sales are generated.
Explanation:
To calculate how many dollars worth of sales are generated by $1 of total assets, we use the total assets turnover ratio. It is an accounting measure that measures the efficiency of the company's assets in generating sales. It calculates the dollar values of sales generated by each $1 of total assets. The formula for total assets turnover is,
Total Assets Turnover = Sales / Average Total Assets
We already know the level of sales. We need to determine the value of total assets first.
Total Assets = Fixed assets + Current Assets
As we know that net working capital = current assets - current liabilities,
So, the current assets are,
2715 = Current assets - 3908
2715 + 3908 = Current assets
Current assets = $6623
Total assets = 6623 + 22407
Total assets = $29030
Total Assets Turnover = 31350 / 29030
Total assets turnover = 1.0799 rounded off to 1.08
So, from every $1 of total assets, $1.08 worth of sales are generated.
TB MC Qu. 9-291 Kartman Corporation makes a product with ... Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 8.2 pounds $ 8.70 per pound $ 71.34 Direct labor 0.3 hours $ 41.00 per hour $ 12.30 Variable overhead 0.3 hours $ 5.70 per hour $ 1.71 In June the company's budgeted production was 5,100 units but the actual production was 5,200 units. The company used 23,850 pounds of the direct material and 2,460 direct labor-hours to produce this output. During the month, the company purchased 27,100 pounds of the direct material at a cost of $187,180. The actual direct labor cost was $58,721 and the actual variable overhead cost was $13,331. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for June is:
Answer:
Variable manufacturing overhead rate variance= $688.8 favorable
Explanation:
Giving the following information:
Variable overhead 0.3 hours $5.70 per hour
The company used 2,460 direct labor-hours to produce this output. The actual variable overhead cost was $13,331.
To calculate the variable overhead rate variance, we need to use the following formula:
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 13,331/2,460= $5.42
Variable manufacturing overhead rate variance= (5.7 - 5.42)*2,460
Variable manufacturing overhead rate variance= $688.8 favorable
iv. What is the essential tool (and subtypes) for seeing the big picture and revealing large information about the data series
Answer:
Ms Excel
Explanation:
This software is popular among businesses today, which they use in performing data analysis. Often called a spreadsheet application, Ms (Microsoft) Excel allows businesses to see the bigger picture and revealing large information about the data series.
For example, by using Ms Excel, a business can look up the percentage differences in its revenue turnover for a period time (quarterly, monthly or yearly), by simply imputing their data series.
If a firm pays labor $5 and receives a MPL of 10, while paying capital $100 and receiving a MPC of 100, to lower production costs it should hire more labor and less capital.
a. True
b. False
Answer:
True
Explanation:
Here, we want to evaluate the validity of the given statement whether true or false.
The correct answer is true.
For a firm that pays $5 labor and receives a MPL of 10, while paying capital of $100, and receiving a MPC of 100, to lower production costs, it should higher more labor and less capital.
The following data relate to the direct materials cost for the production of 50,000 automobile tires: Actual: 725,000 lbs. at $3.00 per lb. Standard: 730,000 lbs. at $2.95 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Answer and Explanation:
a. The computation of the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
= 725,000 × ($2.95- $3)
= 725,000 × $0.5
= $36,250 unfavorable
b. The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $2.95 × (730,000 - 725,000)
= $2.95 × 5,000
= $14,750 favorable
And, the total direct material cost variance is
= Material price variance + material cost variance
= $36,250 unfavorable + 14,750 favorable
= $21,500 unfavorable
] A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost would rise to $5,008. What does this information tell you about the firm?
Answer:
The question is not complete, below is an example of the completely stated question:
A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost would rise to $5,008. What does this information tell you about the firm?
a. Marginal cost is $5, and average variable cost is $8.
b. Marginal cost is $8, and average variable cost is $5.
c. Marginal cost is $5, and average total cost is $8.
d. Marginal cost is $8, and average total cost is $5.
Answer:
d. Marginal cost is $8, and average total cost is $5.
Explanation:
Marginal cost of production is the change in cost, arising from the production of an additional unit of output. it is the cost of manufacturing one more unit of product. Mathematically, marginal cost is represented as:
[tex]Marginal\ cost = \frac{change\ in\ cost}{change\ in\ quantity\ produced} \\[/tex]
change in cost (ΔC) = C₂ - C₁ = 5,008 - 5,000 = 8
change in quantity produced = Q₂ - Q₁ = 1,001 - 1,000 = 1
[tex]Marginal\ cost = \frac{8}{1} = \$8[/tex]
∴Marginal Cost = $8
Average Total Cost (ATC) or average cost or unit cost is the total cost divided by the number of units produced. It is represented as
[tex]ATC =\frac{TC}{Q} \\where\\ATC = Average\ total\ cost\\\TC = Total\ cost\ = \$5,000\\Q = units\ of\ goods\ produced = 1,000\\[/tex]
∴ ATC = 5,000 ÷ 1,000 = $5
The present value of $10,000 to be received in 10 years, discounted at an annual rate of 6.78%, is closest to:
Answer:
PV= $5,189.21
Explanation:
Giving the following information:
The present value of $10,000 to be received in 10 years, discounted at an annual rate of 6.78%.
To calculate the present value, we need to use the following formula:
PV= FV/(1+i)^n
PV= 10,000/(1.0678^10)
PV= $5,189.21
Suppose a period of continuous political instability leads to people to believe that the economy will slide into a deep recession. As a result, people become more likely to accept ________ money in exchange for goods and services.
A. Flat
B. Commodity
U.S. Dollars are an example of _____ money.
A. Flat
B. Commodity
Answer:
The answer is:
1. Commodity
2. Fiat
Explanation:
We have two questions here.
First, the answer is commodity money. Commodity money is the type of money whose value are tied to the commodity it is made up of. This is used as a medium of exchange when the value of money falls totally (during inflation or hyperinflation.) Examples of commodity money can be gold, cocoa,copper etc.
Second question. The answer is fiat money. Fiat money is the currency issued by the national government of a country through The Fed(in US) or Central banks (in most countries).
The fiat money in US is the US dollar, for Nigeria is Nigerian naira etc. It is a legal tender in those countries.
Brennan's Boats is considering a project which will require additional inventory of $128,000, will decrease accounts payable by $7,000, and will increase accounts receivable by $56,000. What is the initial project cash flow needed for net working capital?
Answer:
$191,000
Explanation:
Brennan's Boats is considering a project in this, the initial project cash flow needed for net working capital is $ 191,000.
What do you mean by the net working capital?The difference between a company's short-term assets and its short-term debts and liabilities is known as net working capital (NWC). Positive net working capital is excellent since it shows that a company's financial obligations have been met and allows it to invest in other operational needs.
Current assets less Current Liabilities equals Working Capital. An entity has a working capital deficiency, also known as a working capital deficit and negative working capital, if current assets are fewer than current liabilities.
Here,
Calculation of net working capital (NWC):
Net working capital = $128,000 + 7,000 + 56,000
Net working capital = $191,000.
Therefore, Brennan's Boats is considering a project in this, the initial project cash flow needed for net working capital is $ 191,000.
To know more about the net working capital, visit:
https://brainly.com/question/18720725
#SPJ6
El 5 de diciembre se solicitó un préstamo por USD.275,000, negociado al 6.5%
de interés anual a un plazo de 5 años. Los pagos de capital e intereses se harán
mensualmente.
Compute the new national income given MPC = 0.9, and an autonomous injection of $100B from federal government stimulus spending.
Answer:1200
Explanation:
The new national income is given MPC = 0.9, and an autonomous injection of $100B from federal government stimulus spending will be 1000.
What is stimulus spending?To stimulate a market and pull it out of an economic downturn or depression, the government will boost expenditure while lowering taxes as asset prices. This is known as a stimulus package.
The term "economic stimulus" refers to focused monetary and financial actions designed to spur business activity in the private sector. To compensate for the decline in aggregate demand, fiscal recovery focuses on promoting private sector expenditure.
The MPC is given as 0.9
The MPS will be
1 = MPC + MPS
1 - 0.9
MPS = 0.1
The stimulus spending will be
= 1000 / 0.1
= $10000
The federal government has spent of $10000.
Learn more about stimulus spending, here:
https://brainly.com/question/17217084
#SPJ2
what is business ??
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Answer:
A business is defined as an organization entity engaged in commercial activities
Explanation:
the production, distribution, and sale of goods and services for a profit
Company XYZ, has the following capital structure:Debt $50MCommon $30MPreferred of $20MPrice of 5-year, par value 6% annual coupon Bonds that sell today for $1,050.Preferred dividend in year 1 of $5 and a preferred stock price of $90.Common stock has a required return of 12%Tax rate is 40%Solve for the Company WACC?
Answer:
The Company WACC is 6.1%
Explanation:
WACC is the averge cost of capital that a company bears based on the weights of each financing option available to the company.
First we need to calculate the Market values
Debt = $50 M x $1,050 / $1,000 = $52.5 M
Common Equity = $30 M
Preferred equity = $20 M x $90 / $100 = $18 M
Total Capital = $52.5 M + $30 M + $18 M = $100.5
Now we need to calculte the Cost of each financing option
Cost of Debt
Price of Bond = C x ( 1 - ( 1 + YTM )^-n / r + Face value / ( 1 + YTM )^n
$1,050 = $60 x ( 1 - ( 1 + YTM )^-5 / YTM + $1,000 / ( 1 + YTM )^5
YTM = 4.85%
Cost of Common Equity = 12%
Cost of Preseferred Stock = $5 / $90 = 0.05556 = 5.56%
Now use following fomula to calculte the WACC
WACC = ( Common Equity weight x Cost of Common equity ) + ( Weight of Debt x Cost of Debt x ( 1 - Tax rate ) + ( Weight of Preferred Shares x Cost of Preferred Shares )
Now Place all the valus in the formula
WACC = ( $30 / $100.5 x 12% ) + ( $52.5 / $100.5 x ( 1 - 40% ) x 4.85% ) + ( $18 / $100.5 x 5.56% )
WACC = 3.58% + 1.52% + 1.00% = 6.1%
Welcome Inc. is a global Internet company that offers country-specific variations of its sites, keeping in mind the linguistic and religious differences between the countries. Welcome Inc. is most likely doing this to:
Answer:
reduce its cultural distance from the other countries
Explanation:
In this scenario, Welcome Inc. is most likely doing this to reduce its cultural distance from the other countries. Cultural distance refers to the differences in cultural values amongst countries, organizations, and stakeholders. In this case, Welcome Inc is trying to reduce this by making sure that they adjust their products and services to best accommodate these specific cultural differences in each country. In doing so they gain more loyal customers and increase their profits in each country which they do business in.
Which one of the following is true about Section 1231 assets? Section 1231 assets are treated like capital assets when they produce losses on sale Business property held 1 year or less is considered a Section 1231 asset Section 1231 assets include company stock Section 1231 asset losses must be netted against 1231 asset gains before tax treatment is determined All of the above are false
Answer:
Section 1231 asset losses must be netted against 1231 asset gains before tax treatment is determined
Explanation:
Section 1231 property is a term that describes a form of property, defined by section 1231 of the U.S. Internal Revenue Code. It deals with a real or depreciable business property held for more than one year, such as Land, machines etc.
Section 1231, assets, however, are generally thought to enjoy a tax-favored status because its gains and losses from the sale of a property is taxed at the lower capital gains tax rate compared to the rate for ordinary income.
Hence, in this case, given the options available, it is TRUE that, Section 1231 asset losses must be netted against 1231 asset gains before tax treatment is determined
Barnes and Noble sells online through its website, while also selling through physical store locations. This type of retailing is referred to as
i really think its b i could be wrong
During the year, Octagon produced 8,000 units, used 24,000 direct labor hours, and incurred variable overhead of $120,000. Budgeted variable overhead for the year was $90,000. The hours allowed per unit are 2. The standard variable overhead rate is $3.00 per direct labor hour. The variable overhead spending variance is: Group of answer choices $48,000 U. $61,000 U. None of these $27,000 U. $54,000 F.
Answer:
Variable manufacturing overhead rate variance= $48,000 unfavorable
Explanation:
Giving the following information:
Actual direct labor= 24,000 direct labor hours
Actual variable overhead of $120,000.
The standard variable overhead rate is $3.00 per direct labor hour.
To calculate the variable overhead spending variance, we need to use the following formula:
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 120,000/24,000= $5
Variable manufacturing overhead rate variance= (3 - 5)*24,000
Variable manufacturing overhead rate variance= $48,000 unfavorable
Cecilia is observing assembly line workers performing their tasks. She's watching to see who they interact with, what machines they use, and how much they are supervised. Cecilia is most likely conducting a:_________.
A) work flow analysis.
B) performance appraisal.
C) job redesign.
D) job analysis.
Answer:
Option D (Job analyses) is the correct choice.
Explanation:
Assessment including its particular characteristics of such a job profile by careful evaluation including a critical review of the systematic tasks, facilities needed, employment conditions, as well as development level in some kind of an employee typically as either a complementary approach towards a job description.Analysis of career helps in understanding which assignments are relevant and how they've been conducted out.Some other options don't apply to the format prescribed. So option D is indeed the right one.
Willow Corporation had three employees. Two of the employees worked full-time and earned salaries of $25,000 each. The third employee worked only part-time and earned $3,000. The employer timely paid state unemployment tax equal to 5.4 percent of each employee's wages up to $7,000. How much FUTA tax is due from Willow Corporation for 2019, after the credit for state unemployment taxes?
Answer:
$102
Explanation:
FUTA tax due from Willow Corporation for 2019, after the credit for state unemployment taxes, can be calculated by deducting the Paid state unemployment tax by the FUTA tax.
DATA
Paid State Unemployment Tax = (7,000+7,000+3,000) x 5.4%
Paid State Unemployment Tax = $918
FUTA tax rate in 2019 = 6%
Solution
FUTA tax (6% x $17,000) = $1,020
FUTA tax due = $1,020 - $918
FUTA tax due = $102
You are feeling overwhelmed by the number of potential goals you could set for your business unit. You ask your colleague Dan for advice on the process he uses to set goals. Which of the following suggestions from Dan is wrong? He suggests that you
Answer:
prioritize goals according to their value to the organization
Explanation:
Goal setting is an action plan that is set to motivate someone towards achieving a goal. Individuals, organizations set goals as part of their personal development plans hence must be Specific, Measurable, Action oriented, Realistic and Timely(SMART).
With regards to the above scenario, prioritizing goals according to their value to the organization is wrong. While it is important to prioritize goals, such must however be made to align with the business's strategic objectives.
It is also important to stick to goals already set instead of constantly changing them. Sometimes too, customers put pressure on business owners to consider certain goals which might be beneficial; such should also be looked into after considering their pros and cons.
Explain why a car is an economic good
Answer:
car is economic good because it help us to transport goods from one place to another and is can used for travelling from one place to another in a short period of time
An economic good is something that requires resources to produce and has a finite supply. Because the resources and labor used to create a car could have been used to create another good or group of goods, cars are considered economic goods.
What makes a good an economic good?A good is referred to as an "economic good" if its demand outweighs its supply and it requires human effort to obtain. Free goods, however, like air, are always available and don't require any conscious effort to obtain.
Through the sale and servicing of automobiles, the auto manufacturing industry contributes $1.1 trillion annually to the economy. This money circulates throughout the economy, paying suppliers of auto parts, paying employees at assembly plants, and giving the government money.
Learn more about an economic good here:
https://brainly.com/question/17428893
#SPJ2
A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a(n):
Answer: transaction processing system
Explanation:
A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a transaction processing system.
Transaction processing system is when the system is used in the processing of transactions and data is being sent and recorded in the system.
ignoring taxes what is the effect on earnings in the year after the shares are granted to executives
Answer: C. $40 million.
Explanation:
By granting them 15 million shares subject to forfeiture if employment is terminated within three years, the company is compensating them.
The total amount that they will be compensated with has to be apportioned over the 3 years as an expense that will reduce earnings per year.
Total compensation = No. of shares * fair value of shares
= 15,000,000 * 8
= $120,000,000
Apportioned over 3 years;
= 120,000,000/3
= $40,000,000
Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 280 employees and occupies 55,200 square feet; Painting has 120 employees and occupies 36,800 square feet. Indirect factory expenses for the current period are as follows: Administration $ 86,000 Maintenance $ 102,000 Administration is allocated based on workers in each department; maintenance is allocated based on square footage. The total amount of indirect factory expenses that should be allocated to the Painting Department for the current period is:
Answer:
$61,200
Explanation:
Maintenance expenses allocated to assembly department
Allocation base = Square footage
= $102,000 * $55,200 / ($55,200 + $36,800)
= $102,000 * $55,200 / $92,000
= $61,200
2. Which of the following is not an accurate statement as concerns competing in the markets of foreign countries? A. A multi-country strategy is generally superior to a global strategy. B. There are country-to-country differences in consumer buying habits and buyer tastes and preferences. C. A company must contend with fluctuating exchange rates and country-tocountry variations in host government restrictions and requirements. D. Product designs suitable for one country are often inappropriate in another. E. Market growth rates vary from country to country.
Answer:
A. A multi-country strategy is generally superior to a global strategy.
Explanation:
Foreign countries are the countries that are established in a foreign. Each and every foreign country has different consumer preference, buying power, taste and preferences.
Also there are no fixed exchanged rates plus the designs of the product are not fixed for another country as it depends on the customer demand which type of product they needed. Moreover, the growth rate is also different in different countries
Hence, option A is correct
On January 1, 2017, Shay issues $390,000 of 8%, 20-year bonds at a price of 97.00. Six years later, on January 1, 2023, Shay retires 20% of these bonds by buying them on the open market at 104.50. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight-line method is used to amortize any bond discount.Required:Prepare the journal entry to record the bond retirement at January 1, 2023.
Answer:
Journal entry to record the bond retirement at Jan 1, 2023
Bond payable Dr $78,000
Loss on redemption Dr $5,265
Discount on bonds payable Cr $1,755
Cash. Cr 81,510
Explanation:
Bonds issued at 97%
$390,000 × 97%
= $378,300
Discount difference between cash proceeds and face value
= $390,000 -$378,300
= $11,700
If bonds are discounted using straight line,
$11,700 ÷ 20 year
= $585
At 2022, there is 5 amortization
= $585 × 5
= $2,925
Discount value
= $11,700 - $2,925
= $8,775
Carrying value
= $390,000 - $8,775
= $381,225
Therefore, $390,000 bonds payable × 20% × 104.5%
= $81,510
Carrying book value of 20%
$381,225 × 20%
= $76,245
Loss on redemption
= $81,510 - $76,245
= $5,265
Therefore,
20% of the face value
= $390,000 × 20%
= $78,000
20% of the discount
= $8,775 × 20%
= $1,755
Loss on redemption = $5,265
Cash disbursement = $81,510