The earliest time that an activity can be completed is equal to the latest time it can begin minus the time to perform the activity. Group of answer choices True False
Answer: False
Explanation:
The earliest time of an activity os necessary in order to reduce the duration of a project. The earliest start time of an activity is the time that is earliest where an activity can begin.
The earliest finish time is the addition of the early time with the completion time of the activity.
A statement of cash flows helps answer all of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a. What explains the changes in the cash account?
b. Where does a company spends its cash?
c. How can the company improve its operations?
d. How does a company receives its cash?
e. What are the changes in the non-cash accounts?
Answer:
I think A and D tell me if I'm wrong
Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe how the main financial documents of Goodwill are similar to those companies that are ""for profit"". Describe how the main financial documents of Goodwill are difference to those companies that are ""for profit"".
Answer with Explanation:
Requirement 1:1. Profit Organization
The aim of profit organization is to maximize the wealth of shareholders by increasing its profits. The owners of the company get dividends and appreciation in the value as a return from the company.
2. Nonprofit Organization
The primary mission of Non-profit organization is to benefit the community by helping them and the earnings generation is not the primary goal of the company. ACCA is an entity that delivers quality education to its students and also earns profit on it but the profit margin kept is as low as possible to keep its operation running. Other examples are Rolex, NGO's, National Health Institutes, etc.
In other words, these institutes are for charitable purpose and their primary objective is not making profits.
Key Difference Between Profit Organization and Non-profit Organization
A profit organization's primary objective is to maximize profits whereas the Non profit organizations work for delivering services and products that helps in uplifting the society from their donations.A profit organization is registered as a sole proprietorship or partnership or a corporation. Whereas Non profit organization is registered as a charity club, association of person, trust, corporations, etc.Usually major source of income of Non profit organization comes from donations, government and corporation grants, subscriptions, etc. Whereas the major source of profit organization is income generated from the sale of goods and services. Non profit organization - the major incomes are donation, grant, legacies, subscription, etc.Requirement 2:
Profit making organization have to publish all financial statements which includes income statement, balance sheet, cash flow statement, statement of changes in equity, etc whereas the non profit organization only publishes balance sheet and cash flow statement. If the Non profit organization is involved in selling of products and services then the organization will also have to prepare income statement.
The non profit organization doesn't pays andy dividends as it is a charity firm and all it does is, it spends it money for the welfare of the community. Whereas the profit organization have to retain a share of earned profits and then distributes the remainder to shareholders.
The profit making organization publishes changes in equity statement whereas the charitable firm is not required to publish such things because its primary objective is to spend on the welfare of the community.
On January 1, 2017 , Northeast USA Transportation Company purchased a used aircraft at a cost of $ 53,200,000. Northeast USA expects the plane to remain useful for five years (6,500,000 miles) and to have a residual value of $ 5,200,000. Northeast USA expects to fly the plane 900,000 miles the first year, 1,400,000 miles each year during the second, third, and fourth years, and 1,400,000 miles the last year.
1. Compute Northeast USA's depreciation for the first two years on the plane using the straight-line method, theunits-of-production method, and the double-declining balance method.
a. Straight-line method Using the straight-line method, depreciation is $:________
b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers.) Using the units-of-production method, depreciation is $:________
c. Double-declining balance method
Using the double-declining-balance method, depreciation is $_______ for 2017 and $ for 2018 for 2017 and $ for 2018. for 2017 and for 2017 and $________ for 2018.
Answer:
1. Compute Northeast USA's depreciation for the first two years on the plane using the straight-line method, theunits-of-production method, and the double-declining balance method.
a. Straight-line method Using the straight-line method, depreciation is $9,600,000
straight line depreciation = ($53,200,000 - $5,200,000) / 5 = $9,600,000
depreciation expense year 1 = $9,600,000
depreciation expense year 2 = $9,600,000
b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers.) Using the units-of-production method, depreciation is $7.384615 per mile
depreciation expense per unit of production = ($53,200,000 - $5,200,000) / 6,500,000 = $7.384615 per mile
depreciation expense year 1 = $7.384615 x 900,000 = $6,646,153.50
depreciation expense year 2 = $7.384615 x 1,400,000 = $10,338,461
c. Double-declining balance method
depreciation expense year 1 = 2 x 1/5 x $53,200,000 = $21,280,000
depreciation expense year 2 = 2 x 1/5 x $31,920,000 = $12,768,000
Usually, the decision to notify parties outside the client’s organization regarding noncompliance with laws and regulations is the responsibility of the
Answer:
Management
Explanation:
Sometimes in the course of discharging his duties, an auditor might discover a case of non-compliance with laws and regulations. In such situations, he is expected to report the issue to the governing body or management of the organization who in turn notify parties outside the client's organization. This might imply reporting to the appropriate law enforcement agencies who now investigate the matter.
The auditor should ensure that he is keeping to the code of confidentiality before proceeding on such a case. The management is expected to review the report to determine if the action was indeed non-compliant with the laws before proceeding on the next call of action.
life assurance forms part of...... insurance?
Answer:
Life insurance
Explanation:
Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including expenditures related to administering the business, are classified as: Multiple Choice Financing activities. Investing activities.
Answer:
Operating activities
Explanation:
The operating activities in the cash flow statement using the direct method derive that the cash receipts and the cash payment should be recorded under this activity.
Cash payment would be recorded when the purchase of merchandise is held
And cash received would be recorded when the sale of goods and services made to customers
And, the purchase of goods, sales of goods and services show in the income statement along with the expenditure to arrive at the net income i.e. shown in the operating activities
Heston and Burton, CPA's, currently work a five-day week. They estimate that net income for the firm would increase by $75,000 annually if they worked an additional day each month. The cost associated with the decision to continue the practice of a five-day work week is an example of a(n)
Answer:
Opportunity cost.
Explanation:
Opportunity cost is an economics term that is used to describe the value or determinant to best forgone alternative in certain situations. In as much as every business model or dealings can never be measured in monetary terms because merit can also be determined through satisfaction gained and actual time spent on the job.
It is sometimes seen to fall in as individual perspective, this is seen as such because it is always different for every person in as much as our personality and different in likes and lifestyle affects it when it boils down to persons.
Economists also tag opportunity cost to be fundamental costs and are generally used for gaining a better understanding of a project.
AAA Manufacturing Inc, makes a product with the following costs per unit: Direct materials $150 Direct labor $90 Manufacturing overhead (variable) $60 Manufacturing overhead (fixed) $120 Marketing costs $85 What would be the inventoriable cost per unit under variable costing and what would it be under absorption costing?
Answer:
Results are below.
Explanation:
Giving the following information:
Direct materials $150
Direct labor $90
Manufacturing overhead (variable) $60
Manufacturing overhead (fixed) $120
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Variable costing:
Unitary production cost= 150 + 90 + 60= $300
Absorption costing:
Unitary production cost= 300 + 120= $420
Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Answer:
D
Explanation:
The Answer is Commerce
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Which of these does NOT describe a friction that might prevent firms from choosing the optimal level of capital? A. Making too big of a change can be more expensive than making a few smaller changes. B. A firm might not be able to borrow enough to pay for the investments it wants to make. C. The firm likes its workers and doesn’t want to replace some jobs with machinery. D. Some capital is very specialized and cannot be re-sold in cases of economic downturns.
Answer:
C. The firm likes its workers and doesn’t want to replace some jobs with machinery.
Explanation:
Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.
So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.
The goal of the __________ is to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future.
Answer: wrap-up
Explanation: since every project needs to end the wrap-up aims to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future. Doing this ensures that all stakeholders of the project are satisfied, and that all acceptance criteria for the project have been met. The wrap-up is simply the concluding action of the project.
In organizational change, unfreezing can occur by:
a. increasing the restraining forces.
b. increasing the driving forces.
c. reducing the urgency to change.
d. reducing the pace of the change.
e. changing individuals in key positions.
Answer: b. increasing the driving forces.
Explanation:
Driving forces analysis (DFA) this are ways used in understanding and accounting for changes in industrial level. The drivers used for this are clusters of trends which directly or collectively have influence on changes occurring in an industrial structure and a rival's competitive conduct. The word force used here is used to show that the said drivers can materially impact the firm's future.
Lense Laboratories' net income was $260,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories?
Answer:
The question is incomplete, below is the completed question:
Lense Laboratories' net income was $250,000. Given the account information below, what is the net operating cash flows for Lense Laboratories?
Increase In Accounts Receivable...$60,000
Increase In Salaries Payable...$50,000
Decrease In Inventory...$30,000
Depreciation Expense...$45,000
Increase In Prepaid Insurance...$3,000
a. $152,000.
b. $278,000.
c. $312,000.
d. $438,000.
The correct answer is:
$312,000 (c.)
Explanation:
operating cash flow is the number of cash generated by a business' regular operating activities within a specific time period.
The formula for net operating cash flow is as follows:
Operating cash flow = Net income + Non-cash expenses - increase in working capital
Net income = $250,000
Non-cash expenses = increase in salary payable + decrease in inventory + depreciation in expenses
Non-cash expenses = 50,000 + 30,000 + 45,000 = $125,000
increase in working capital = increase in accounts receivable + increase in prepaid insurance
increase in working capital = 60,000 + 3,000
increase in working capital = $63,000
∴ Operating cash flow = 250,000 + 125,000 - 63,000 = $312,000
Cash flow from activities = $312,000
A customer buys 100 shares of ABC at $17 as the initial transaction in a new margin account. The customer must deposit:______
Answer:
$1,700
Explanation:
Although the minimum equity to open a long margin account is $2,000. However, this does not apply if the securities in the account are paid fully.
It will amount to potential loss if a customer is asked to deposit more than 100% when buying. Since the customer wants to buy 1,700 of stock, it means that 100% or $1,700 (100 shares × $17) must be deposited.
For the coming year, Belton Company estimates fixed costs of $60,000, the unit variable cost of $25, and the unit selling price of $50.
a. Determine the break-even point in units of sales.
b. Determine the unit sales required to realize operating income of $100,000.
c. Determine the probable operating income if sales total $400,000.
Answer:
1. Break even point in units = 2,400 units
2. Sales required = 6,400 units
3. Operating income = $140,000
Explanation:
Given:
Fixed costs = $60,000
Variable cost =$25 per unit
Selling price = $50 per unit
Computation:
1. Break-even point in units of sales.
Contribution per unit = sales - VC
Contribution per unit = $50 - $25
Contribution per unit = $25
Break even point in units = Fixed costs / Contribution per unit
Break even point in units = $60,000 / $25
Break even point in units = 2400 units
2. Unit sales required to realize operating income = $100,000
Sales required = (Fixed costs + Operating income) / Contribution per unit
Sales required = ($60,000 + $100,000) / $25
Sales required = 6400 units
3. Operating income if sales total = $400,000
Contribution margin = [$25/ $50]100 = 50%
Operating income = Contribution margin - Fixed costs
Operating income = ($400,000 × 50%) - $60,000
Operating income = $140,000
Use the Circular Flow Model to explain how the economy of Bangladesh functions.
Answer:
What Is the Circular Flow Model?
The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money.
That is the basic form of the model, but actual money flows are more complicated. Economists have added in more factors to better depict complex modern economies. These factors are the components of a nation's gross domestic product (GDP) or national income. For that reason, the model is also referred to as the circular flow of income model.
Explanation:
A stock currently sells for $34 a share but is expected to increase in value over the next six months to at least $36 a share. Assume there are 6-month options available on this stock with an exercise price of $35. Which of these options should have the most value today?a. American and European calls equallyb. European callc. European putd. American pute. American call
Answer: American call
Explanation:
The price of the underlying stock is going to increase to at least $36 which is more than the exercise price on the option of $35. The option that would have more value therefore is a Call option because call options make profit when the exercise price is less than the market price.
The more valuable call option between the European and American call options is the American call option. This is because with an American call option, the holder is free to call in the option at any point in time up to the exercise date while a European option has to wait till the exercise date.
The American Call option is therefore the option with the most value today.
A $1,000 par value 10-year bond with a 10 percent coupon rate rec%ently sold for $900. The yield to maturity is:
Answer:
Yield to Maturity = 11.58 %
Explanation:
The Yield to maturity is the discount rate that equates then price of the bonds to the present of cash inflows expected from the bond
The yield on the bond can be determined as follows using the formula below:
YTM = C + F-P/n) ÷ 1/2 (F+P)
YTM-Yield to maturity-
C- annual coupon
F- Face Value
P- Current Price
n- years to maturity
YTM-?, C- 10%× 1000 =100, Face Value - 1000, P-900, n- 10
YTM = (100 + (1000-900)/10) ÷ ( 1/2× (1000 + 900) )
YTM = 0.1158 × 100 = 11.58 %
Yield to Maturity = 11.58 %
Pioneer Venture Capital firm recently offered a biotech company $50 million funding in exchange for 25% of the biotech company's ownership. What is the company's implied post-money valuation
Answer:
The company's implied post-money valuation is $200 million.
Explanation:
Post-money valuation is a technique that is employed to determine the value of a firm after making an investment in the company.
The calculation of the implied post-money valuation is done by dividing the investment amount offered by the percentage of ownership the investor is getting in exchange. This can be expressed as follows:
Implied post money valuation = Investment amount offered / Ownership percentage ............................ (1)
Since from the question, we have:
Investment amount offered = $50,000,000
Ownership percentage = 25%
Substituting the values into equation (1), we have:
Implied post money valuation = $50,000,000 / 25% = $200,000,000
Therefore, the company's implied post-money valuation is $200 million.
The statement "Automobiles manufactured by this brand are the safest" is an example of the _____ component of attitude.
Answer:
cognitions
Explanation:
The cognitions component of attitude refers to the opinion a person has about an object. According to this, the answer is that the statement "Automobiles manufactured by this brand are the safest" is an example of the cognitions component of attitude as the sentence shows the belief the person has about that brand.
Which of the following is not an example of a counterproductive cultural trait that adversely impacts a company's work climate, performance, and strategy execution initiatives?
a) Heavily politicized decision-making
b) The presence of incompatible, clashing subcultures
c) Strictly enforced policies and conservative financial management practices
d) Hostility to change
e) Unethical and greed-driven behaviors
Answer:
I think D is not an example for a company's work climate, performance, and strategy execution initiatives.
Strictly enforced policies and conservative financial management practices out of the following are not an example of counterproductive cultural trait that adversely impacts a company's work climate, performance, and strategy execution initiatives. The correct option is C.
How do you deal with counterproductive work behavior?Encourage them to improve the work they already generate or present them with new tasks to work on. Be confident. Fight against unproductive workplace activities assertively without losing your temper. Establish and uphold your authority that a productive workplace is essential to the success of your facility.
A wide range of factors, such as environmental causes, a lack of training, employee personality and life changes, and external circumstances, might be the motivating drivers behind unproductive work behavior. To recognize and categorize CWB in the workforce, typologies are utilized.
Thus, the ideal selection is option C.
Learn more about counterproductive work here:
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Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases?
a. All low-income countries are catching up to all high-income countries.
b. Low-income industrial countries are catching up to high-income developing countries.
c. Low-income developing countries are catching up to high-income industrial countries.
d. Low-income industrial countries are catching up to high-income industrial countries.
Answer:
Correct Answer:
c. Low-income developing countries are catching up to high-income industrial countries.
Explanation:
The evidence which shows that low income developing countries are catching up to high-income industrial countries could be found in the series of developmental strides made by some countries like Rwanda, Kenya, Tanzania, Indonesia, Vietnam etc over the years. Most of their achievements is at par with most European countries in different sectors such as educational, and social sectors.
Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 160,000 units
Selling price= $45 per unit.
Variable costs are $27 per unit
Fixed costs are $975,000.
First, we need to calculate the contribution margin ratio using the following formula:
contribution margin ratio= (selling price - unitary variable cost) / selling price
contribution margin ratio= (45 - 27) / 45
contribution margin ratio= 0.4
Now, we can calculate the contribution margin per unit:
Contribution margin= selling price - unitary variable cost
Contribution margin= 45 - 27
Contribution margin= 18
Finally, the net operating income:
Net income= units sold*contribution margin - fixed costs
Net income= 160,000*18 - 975,000
Net income= $1,905,000
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.
b. Sold 7,000 shares of $20 par common stock for $50 per share.
c. Sold equipment with a book value of $48,800 for $70,300.
d. Purchased land for $479,000 cash.
e. Purchased a building by paying $93,000 cash and issuing a $90,000 mortgage note payable.
f. Sold a new issue of $300,000 of bonds at 98.
g. Purchased 3,200 shares of $35 par common stock as treasury stock at $69 per share.
h. Paid dividends of $2.10 per share. There were 22,000 shares issued and 4,000 shares of treasury stock.
Answer:
a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.
decrease cash flows from financing activities by $312,000
b. Sold 7,000 shares of $20 par common stock for $50 per share.
Increased cash flows from financing activities by $350,000
c. Sold equipment with a book value of $48,800 for $70,300.
increased cash flows from investing activities by $70,300, decrease cash flows from operating activities by $21,500 (= $70,300 - $48,800)
d. Purchased land for $479,000 cash.
decrease cash flow from financing activities by $479,000
e. Purchased a building by paying $93,000 cash and issuing a $90,000 mortgage note payable.
decrease cash flow from investing activities by $183,000, and increase cash flow from financing activities by $90,000
f. Sold a new issue of $300,000 of bonds at 98.
increase cash flows from financing activities by $294,000
g. Purchased 3,200 shares of $35 par common stock as treasury stock at $69 per share.
decrease cash flows from financing activities by $220,800
h. Paid dividends of $2.10 per share. There were 22,000 shares issued and 4,000 shares of treasury stock.
decrease cash flows from financing activities by $37,800
A practice, favored by unions, which contractually binds employers to hire only workers who are already members of the union is called a(n):
Answer:
The correct answer is: Closed Shop.
Explanation:
To begin with, the name of "Closed Shop" refers to a type of practice well known as "pre-entry closed shop" too that unions favored with the only purpose to obligate the companies to contract workers who are already members of the union itself so in that situation both the company and the union tend to have an agreement of maintaining certain salary price for the workers so they are not in a continous fight. Moreover, this practice allow the workers to be employed by the company only if they are members of the union and as long as they are members of it.
Excellent Manufacturers Inc. has a current production level of 20,000 units per month. Unit costs at this level are: Direct materials $0.26 Direct labor 0.40 Variable overhead 0.16 Fixed overhead 0.21 Marketing − fixed 0.25 Marketing/distribution − variable 0.42 Current monthly sales are 18,000 units. Jax Company has contacted Excellent about purchasing 1,550 units at $2.00 each. Current sales would NOT be affected by the one−time−only special order, and variable marketing/distribution costs would NOT be incurred on the special order. What is Ratzlaff Company's change in operating profits if the special order is accepted?
Answer:
The increase in operating profit is $1,829.00.
Explanation:
The rise or fall in the operating income:
= Purchase unit × ( offer price- direct material- direct labor- variable overhead)
The rise or fall in the operating income: = 1550× (2 - 0.26 - 0.4 - 0.16)
The rise or fall in the operating income: = $1829
Therefore the profit will increase by $1829
Here all the fixed cost is not considered because it is a sunk cost and variable and administrative expenses are also not considered because these costs are not going to be incurred for offer.
Concord Corporation has 8,800 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend
Answer:
Declaration date:
Dr retained earnings $26400
Cr dividends payable $26400
Payment date:
Dr dividends payable $26400
Cr Cash $26400
Explanation:
Total dividend declared is the number of shares multiplied by cash dividend per share
total dividend=$3*8,800=$26400
On the record date no entries are required since record date, is just about verifying the bonafide shareholders.
On declaration date,dividends payable would be credited with $26,400 while retained earnings is debited.
On payment date,dividends payable is debited and cash credited
project that has an expected return of 25% and a standard deviation of 30%. What is the project's coefficient of variation
Answer: 1.2
Explanation:
The Coefficient of Variation tells the accuracy of the mean. If it is high then there is a large dispersion around the mean. A smaller figure indicates that the mean is more accurate/ precise.
Coefficient of Variation = Standard Deviation / Expected Return
Coefficient of Variation = 30%/25%
Coefficient of Variation = 1.2
Little Rhody Manufacturing needs to purchase a new central air-conditioning system for a plant. There are two choices. The first system costs $70,000 and is expected to last 6 years, and the second system costs $102,000 and is expected to last 9 years. Assume that the opportunity cost of capital is 12 percent. Which air-conditioning system should you purchase
Answer:
The first option should be considered for purchase as its has a lesser EAC
Explanation:
Option 1 Option 2
Cost $70,000 $102,000
Opportunity cost 12% 12%
of capital
Useful Life 6 years 9 years
PVAF 4.114 5.3282
Equated Annual Cost $17,025.83 $19,143.43
Conclusion: The first option should be considered for purchase as its has a lesser EAC.
Working
PVAF (12%, 6 years) = 4.114
PVAF (12%, 9 years) = 5.3282
Equated annual cost = Cost / PVAF (r%, n years)