Answer:
1.
Option B is the correct answer.
2.
Dividends Paid = $55 million. Thus, option C is the correct answer.
Explanation:
1.
The statement about shareholders' equity given in option A that it is the difference between the paid-in capital and retained earnings is incorrect as the retained earnings are a part of the equity of shareholders and are included in the calculation of shareholders' equity. Thus, option B is the correct answer.
2.
The Net Income earned by a company is usually treated in two ways. It is either paid out as dividends to the shareholders or is retained in the business and transferred to the retained earnings account or both. Thus, we can calculate the amount of dividends paid by the following equation.
Closing balance of retained earnings = Opening balance of retained earnings + Net Income for the period - Dividends Paid
700 = 595 + 160 - Dividends Paid
700 + Dividends Paid = 755
Dividends Paid = 755 - 700
Dividends Paid = $55 million
What do I need to open a business bank account
Answer:
Social Security number or employer identification number (EIN)
Personal identification, such as a passport or driver's license.
Business license with the name of the business and the owner's name(s)
Certificate of assumed name/DBA.
The following expenditures are related to land, land improvements, and buildings, which were acquired on November 1, 2013.Cost of real estate acquired for a new manufacturing plant $365000The land is appraised for 262,800 and the building for 102,200Real estate taxes paid by the purchaser 20,000Cost of removing barn 8,500Architect fees for updating building 6750 Attorneys fees for closing sale 12500Grading land 3500Paving parking lot 7000Planting trees and shrubs 9250Cost of repairs to building due to storm 1300Lights placed on driveway 4750Fee to real estate broker 2500Required:a. Determine the cost of the land, the building and the improvements (Round to the nearest dollar)b. Prepare journal entries on December 31, 2013 for depreciation assuming the building will have a useful life of 20 years and no residual value. Use double declining balance method and the half-year convention. c. Depreciate the land improvements using straight-line method, a 5 year life, to the nearest month with zero residual value (to the nearest dollar).
Gallerani Corporation has received a request for a special order of 6,000 units of product A90 for $21.20 each. Product A90's unit product cost is $16.20, determined as follows: Direct materials $ 6.10 Direct labor 4.20 Variable manufacturing overhead 2.30 Fixed manufacturing overhead 3.60 Unit product cost $ 16.20 Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like modifications made to product A90 that would increase the variable costs by $4.20 per unit and that would require an investment of $21,000 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order. The annual financial advantage (disadvantage) for the company as a result of accepting this special order should be:
Answer:
The annual financial advantage(disadvantage) for the company as a result of accepting this special order should be $5,400
Explanation:
Company's current variable expenses =
Direct material + Direct labor + Variable manufacturing overhead
= $6.10 + $4.20 + $2.30
= $12.6
Please note that fixed costs will not be included in the computation because they have been incurred. It is also within the capacity of the company to produce additional units hence decision will be on variable cost of ($4.20) per unit and additional mould cost of ($21,000).
Considering that absorption costing is used, normal fixed cost would be included hence total cost of 6,000 units would be = Total variable cost + Fixed cost
Where
Total variable cost = $12.6 + $4.20
= $16.8
Fixed cost = $21,000
Total cost = [$16.8 × 6,000] + [$21,000]
= $100,800 + $21,000
= $121,800
Revenue from 6,000 units would be
= $21.20 × 6,000
= $127,200
Net result = $127,200 - $121,800
= $5,400
The project should be accepted since there is a positive result with a financial leverage of $5,400
If D 0 = $1.75, g (which is constant) = 3.6%, and P 0 = $32.00, what is the stock's expected total return for the coming year?
Answer:
Stock's expected total return for the coming year is 9.27%
Explanation:
P0 = D0(1+g) / (r-g)
$32 = 1.75 * (1 + 3.6%) / (r - 3.6%)
32 = 1.75 * (1.036) / (r - 0.036)
32 = 1.813 / (r - 0.036)
32*(r - 0.036) = 1.813
32r - 1.152 = 1.813
32r = 1.813 + 1.152
32r = 2.965
r = 2.965 / 32
r = 0.09265625
r = 9.265625%
r = 9.27%
How is a Lorenz curve used to represent a nation's income distribution? A. The more bowed the curve the more unequal the distribution of income over one's lifetime B. The more bowed the curve the more equal the distribution of income. C. The closer the Lorenz curve is to a straight line, the more unequal the distribution of income. D. The closer the Lorenz curve is to a straight line, the more equal the distribution of income.
Answer:
D. The closer the Lorenz curve is to a straight line, the more equal the distribution of income.
Explanation:
Lorenz curve, a curve often used in socioeconomics, is a curve that depicts the level or state of the wealth or income distribution in a given society, country, or economy.
The curve in its attempt to depicts the nation's income distribution indicates that the closer a straight line, the more equal the distribution of income and vice versa.
Hence, the correct answer is Option D
Assume that you have just sold a stock for a loss at a price of $75 for tax purposes. You still wish to maintain exposure to the sold stock. Suppose that you sell a put with a strike price of $80 and a price of $7.25. Calculate the effective price paid to repurchase the stock if the price after 35 days is $70.
Answer:
$87.25
Explanation:
Calculation for the effective price paid to repurchase the stock
Using this formula
Effective price = Strike Price + Price
Let plug in the formula
Effective price =$80+$7.25
Effective price =$87.25
Therefore the effective price paid to repurchase the stock will be $87.25
1. Describe the changes occurring today in the management function. 2. Describe the four functions of management. 3. Relate the planning process and decision making to the accomplishment of company goals 4. Describe the organizing function of management. 5. Explain the differences between leaders and managers, and describe the various leadership styles. 6. Summarize the five steps of the control function of management.
Explanation:
Management function refers to specific activities carried out in other achieve organizational goals.
The Management functions are:
PlanningOrganizingLeadingControllingAn organization uses the Planning function to have a vision of their future. For example, how many countries they would like to operate in in the next five years.
The Organizing Function of management allows management to decides its structure, such as its method of operations. Would they use remote part-time staff or full-time staff?
Imagine that after Annie’s, a company that makes organic foods, had a very successful IPO, its managers met to consider the best way for the company to position its products and decided on a focus strategy, targeting sales at
Answer: Business Level Strategy
Explanation:
Business level strategies are taken to improve the company's position in the market in relation to the goods and services that it offers.
It therefore includes how to seek a competitive advantage that would help the company be able to derive and as well give more value to its customers so that it may become more profitable.
Annie's management targeting a particular niche of people is to ensure that they can derive and give value to them such that the company is more profitable.
Andy and Delilah both work and have one qualifying child.They had AGI of $21,000.What is their EIC?
A) $3,356.
B) $3,373.
C) $5,572.
D) $0.
Answer:
$3,584
Explanation:
For the year 2020 if the married filed jointly so the amount should not exceed than $21,710 and eligible for the one child
So the maximum credit amount earned for the one children is $3,584
Also, the income for investment should be $3,650 or less for the particular year
So in the given options, this above amount is not given so the same is to be considered for the year 2020
And we assume that the question ask for the year 2020 only
Use the information presented in Midwestern Mutual Bank's balance sheet: Bank's Balance Sheet Assets Liabilities and Owners' Equity Reserves $175 Deposits $1,400 Loans $700 Debt $225 Securities $875 Capital (owners' equity) $125 Suppose the owners of the bank borrow $100 to supplement their existing reserves. This would increase the reserves account and____the_____account. This would also bring the leverage ratio from its initial value of to a new value of_____. Which of the following is true of the capital requirement?A. It specifies a minimum leverage ratio for all banks. B. Its intended goal is to protect the interests of those who hold equity in the bank. C. Its intended goal is to protect the interests of the depositors.
Answer:
1. This would increase the reserves account and increase the debt account.
The bank borrowed $100 to supplement their reserves which increased the reserves account. It will also increase the debt account to reflect the liability.
2. This would also bring the leverage ratio from its initial value of 14 to a new value of 14.8.
Leverage is calculated as;
Original leverage = Total assets/ Capital
= ( 175 + 875 + 700)/125
= 14
New Leverage = ( 175 + 875 + 700+ 100 increase in reserves)/125
= 14.8
3. C. Its intended goal is to protect the interests of the depositors.
Capital is held by banks as a safeguard against people defaulting on loans because loans are derived from the money deposited by depositors and will need to be paid back to them. If a loan is defaulted on therefore, the bank pays the depositor from the capital it holds.
Which budget allows a business owner to calculate the amount to charge the customer in order to make a profit
Answer:
Budgeted Income Statement in the Master Budget
Explanation:
The Master Budget provides a summary of all the operations of the business. It is made up of Budgeted Manufacturing Account, Budgeted Income Statement and Budgeted Financial Position.
Where the selling price it to be determined, the price giving the desired profits can be calculated by adjusting the sales to the desired profits in the Budgeted Income Statement.
For the case of a perfectly price-discriminating monopolist (ppdm), producer surplus can be calculated as:
Answer:
Explanation:
Producer surplus can be defined as the difference between how much a person can receive by selling a good at the market price versus how much a person would be willing to accept for the given quantity of good.
The Perfect Price Discrimination (1st degree price discrimination) will occur when an organization charges a different price for every unit consumed.
Producer surplus is formally given as PS = TR( q ppdm ) 0 q ppdm MC(q)dq
Where TR is the Total Revenue
For total cost and the definite integral of marginal cost over the range of output, we find that PS = TR( q ppdm ) TC( q ppdm ).
That is the sum of the consumer surplus and producer surplus is the total gains from trade.
When tuition at State College was $8,000 per semester, many classes filled to capacity before everyone could register, and some students were unable to enroll in the classes that they needed to graduate. When tuition increased to $11,000 per semester, the number of students who wanted to enroll in each class equaled the number of
Answer:
ah can u simplify it.. becuase at this stage you put the whole question down, its also not finished
Which of the following options communications sent to more than 25 prospective customers must be approved by the designated Registered Options Principal prior to use?
A. Advertising
B. Sales literature
C. Independently prepared reprints
D. All of the above
Answer:
D. All of the above
Explanation:
The options that are communicated and sent to more than 25 prospective customers must be in writing before to the use of Principal prior. It involves advertising, sales literature, and independent prepared reprints
The sales literature and the appearance with respect to the public are the 2 communciation channels for the public which do not required the permission of ROP as it followed firm policies and procedures
Hence, the correct option is d.
Mark this question Economic expansion and suburbanization in the 1950s led to cultural pressures to behave in certain ways according to your:_________. a) gender b) profession c) location d) income
Answer:
c) location
Explanation:
Following the end of World war 2, many Americans especially the white veterans moved from urban centers to suburban areas, leaving mostly poor African American to form ghettos in the inner city.
This period is known as Economic expansion and suburbanization in the 1950s, as a result, people were segregated into different classes of neighborhoods, which in turn, makes people to behave in certain ways, most especially in terms of consumption or spending habit.
Hence, Economic expansion and suburbanization in the 1950s led to cultural pressures to behave in certain ways according to your LOCATION.
A good cover letter should only address your ability to perform __________ skills that the employer is seeking.
Answer: b. three or four
Explanation:
Cover letters are meant to introduce the applicant for the role in a manner that would inspire the recruiter to want to take their applicant further in the recruitment process.
As such, the applicant should include some selling points to encourage this. One of said selling points is the possession of the skills that the role in question requires. A good number to possess/include in the letter is three to four of said skills because anything less might be too little and anything more might inspire distrust.
On the job, Gary acts purely in his own best interests. He follows the company's rules only to avoid being fired. At what level of moral development is Gary functioning?
Answer: E. preconventional
Explanation:
According to Kohlberg’s Structural Theory of Moral Development, the Pre-conventional level is a point in moral development where humans (especially babies) are mostly concerned with what external standards think of the actions they engage in so as not to get punished.
The emphasis here is to be avoid punishment as well as to be self-serving which is what Gary is doing at work when he acts in his own best interests and only follows rules to avoid being fired (punished).
It takes _____ to develop a new product or service that brings unique value to customers.
Answer:
innovation and product research
Explanation:
To develop a new product or service that brings unique value to customers, innovation and product research are very important.
In bringing unique value to customers, the entrepreneur must be proactive in making adequate research to understand what brings value to his potential customers. In order to bring out something unique and truly valuable, the entrepreneur must be innovative and creative.
Journalize Surf and Sun's entry to record bad debts expense for 2018 using the aging-of-receivables method. 2. Prepare a T-account to compute the ending balance of Allowance for Bad Debts.
Answer:
1. Dr Bad Debts Expense $187
Cr Allowance for Bad Debts $187
2. T- account
Credit side Allowance for Bad Debts $2,063
Credit side Balance $187
Credit side $2,250
Explanation:
1. Preparation of Surf and Sun's Journal entry to record bad debts expense for 2018
First step is to find the Estimated total uncollectible
Estimated total uncollectible
Age of Accounts Receivable
0 – 60 Days Over 60 Days Total Receivables
Accounts Receivable. $78,000 $3,000 $81,000
Percent uncollectible× 2%× 23%
Estimated total uncollectible $1,560 $690 $2,250
Second step is to prepare Surf and Sun Journal entry
Journal entry
Dec. 31 2018
Dr Bad Debts Expense $187
Cr Allowance for Bad Debts $187
($2,250 – $2,063)
2. Preparation of a T-account to compute the ending balance of Allowance for Bad Debts.
T- account
Credit side Allowance for Bad Debts $2,063 Unadjustment
Credit side Balance $187 Adjustment
Credit side $2,250 Balance
You have $5,000 to invest for the next year and are considering three alternatives:________.
a. A money market fund with an average maturity of 30 days offering a current yield of 6% per year.
b. A 1-year savings deposit at a bank offering an interest rate of 7.5%.
c. A 20-year U.S. Treasury bond offering a yield to maturity of 9% per year.
What role does your forecast of future interest rates play in your decisions?
A 4-year project has an annual operating cash flow of $49,000. At the beginning of the project, $4,000 in net working capital was required, which will be recovered at the end of the project. The firm also spent $21,900 on equipment to start the project. This equipment will have a book value of $4,460 at the end of the project, but can be sold for $5,520. The tax rate is 35 percent. What is the Year 4 cash flow?
Answer:
$58,149
Explanation:
initial outlay (year 0) = cost of equipment + increase in net working capital = -$25,900
net cash flow year 1 = operating cash flow = $49,000
net cash flow year 2 = operating cash flow = $49,000
net cash flow year 3 = operating cash flow = $49,000
net cash flow year 4 = operating cash flow + net working capital + after tax salvage value:
operating cash flow = $49,000net working capital = $4,000after tax salve value = $5,520 - [($5,520 - $4,460) x 35%] = $5,149total cash flow year 4 = $49,000 + $4,000 + $5,149 = $58,149
Project management is ideally suited for a business environment requiring all of the following EXCEPT:________.
A) Accountability
B) Flexibility
C) Innovation
D) Speed
E) Repeatability
Answer:
D) SPEED
Explanation:
You have been asked to advise the Akawini management team how they should promote and monitor the transformation of risk management in their business. What performance measures would you recommend they use so that they can monitor progress and performance?
Answer with Explanation:
To transform the risk management and promote the transformation process, Akawini must:
Implement Corporate Governance policies and enforce compliance with these guidelines.Consistent Internal Control Reviews by conducting internal audits.Compliance with the Sarbanes Oxley Act and Foreign Corrupt Practice Act will enable the risk management team to consider a wider aspect of its operation which includes domestic and foreign export policies enforcement.Continuous Professional Development and advanced training will help them to act very efficiently and effectively minimize the level of risk the company is facing.The progress is the process of movement towards achievement of goals and performance is the better movement towards achievement of goals.
To measurements that can be used to monitor progress and performance would be use of Key Performance Indicators and comparing the results with the actual results of company. This would help in understanding the under-performing areas and hurdles to progress. Some KPIs that the risk management team can consider are Value at risk reduced, risk threshold set, Risk to Rewards Ratio, etc.
Cost and Benefits of risk mitigation analysis will also be beneficial here because it helps the risk management team to consider the financial aspect of the decision making and thus helps in adding value to the business operation.
Which of the following statements about steering needed resources to execution-critical value chain activities is false? a. Good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy. b. Both strategy changes and efforts to improve execution of an existing strategy typically entail budget reallocation and resource shifting. c. A company's operating budget must be both strategy-driven (in order to amply fund competent performance of strategy-critical value chain activities) and lean (in order to operate as cost-efficiently as possible). d. Strategy changes and new execution initiatives should normally be made without adding to total expenses. e. Underfunding organizational units and execution-critical value chain activities slows down the whole process of implementing and executing strategy and impedes the efforts of organizational units to execute their pieces of the strategic plan proficiently.
Answer: a. a. Good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy
Explanation:
Executing strategy is an action-oriented task which tests the ability of a manager to direct changes in an organization and also achieve certain improvements regarding operations.
The statement about steering needed resources to execution-critical value chain activities which is false is that good execution of a new or revised strategy often requires devoting more resources to some value chain activities and perhaps downsizing the operating budgets and resources devoted to activities/organizational units with a lesser role in the new strategy.
If you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertise, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and the non advertising firm will earn $5 million. Which of the following is true? A) A dominant strategy for Firm A is to advertise. B) A dominant strategy for Firm B is to advertise. C) A Nash equilibrium is for both firms to advertise. D) I think -None of the above is true
Answer:
D
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
The payoffs for advertising for both firms is either $4 million or $1 million
The payoffs of not advertising for both firms is either $10 million or $5 million
The payoffs of not advertising is higher for both firms. The dominant strategy for both firms is not to advertise. The Nash Equilibrium is not to advertise
How many quarters are required to complete the Marketplace Live marketing simulation?
Answer:
6
Explanation:
Marketplace simulations are designed for university business courses and for executive programs. It is developed by Innovative Learning Solutions Inc. The simulation enables students to experiment business strategies, test run their business ideas and get the consequences of their actions. This is gotten in a virtual business environment.
Which one of the following comparisons between debt and equity is correct?
a. Both creditors and stockholders are owners of the firm.
b. Both creditors and stockholders vote to elect the board of directors.
c. Stockholders are the owners of the firm but the creditors vote on all major decisions.
d. The creditors have first claim to the firm’s assets but the stockholders are the owners.
e. Since the stockholders are the firm’s owners, they have a higher claim to the firm’s assets than do the creditors.
Of all the given options, the correct one for the comparison of the debt and the equity is that Stockholders are the owners of the firm but the creditors vote on all major decisions. Hence, Option C is correct.
Who are the stockholders?There are various types of companies present in the world. They are divided into a few categories that are private, semi-private, and government. Out of all these companies, there are some of them listed in the stock market. The person who invests in the stock market is known as the investor.
And in the company in which they invest will become the shareholder of the company and are also called the stockholders. Basically, a shareholder or a stockholder is a person who can own a single share or according to the capacity of purchasing that the holder has.
There are types of stockholders. In simple terms, they are the residual owners, but it is the creditors who have the preference over repayment but do not have the right to vote.
Thus, Option C is correct.
Learn more about stockholders from here:
https://brainly.com/question/18523103
#SPJ2
Classify the following cash flows as either operating, investing, or financing activities assume indirect method.1. Received cash from sale of equipment. 2. Cash paid to purchase long-term investments. 3. Received cash from long-term debt issuance. 4. Issued preferred stock for cash. 5. Paid cash dividends. 6. Received cash payments from customers. 7. Purchased inventories with cash. 8. Paid cash interest on outstanding notes. 9. Paid cash for utilities. 10. Sold stock investments for cash.
Answer and Explanation:
The classification is as follows
1. Investing activities : Since there is cash received from the sale of equipment so the same is to be shown in the investing activities in a positive amount
2. Investing activities : Since there is cash paid for buy the long term investment so the same is to be shown in the investing activities in a negative amount
3. Financing activities : Since the cash is received so the same is to be shown in the financing activities in a positive amount
4. Financing activities : Since the issuance of preferred stock is there so the same is to be shown in the financing activities in a positive amount
5. Financing activities : Since the cash is paid so the same is to be shown in the financing activities in a negative amount
6. Operating activities : Since the cash is received so the same is to be shown in the operating activities in the direct method as a positive amount
7. Operating activities : Since the inventories are purchased so the same is to be shown in the operating activities in the direct method as a negative amount
8. Operating activities : Since the cash is paid so the same is to be shown in the operating activities in the direct method as a negative amount
9. Operating activities : Since the cash is paid so the same is to be shown in the operating activities in the direct method as a negative amount
10. Investing activities : Since the investment is sold so the same is to be shown in the investing activities in a positive amount
A change in depreciation method is accounted for:Select one:a. Retrospectively.b. Prospectively, like changes in accounting estimates.c. As a cumulative adjustment to income in the year of change.d. None of the above.
Answer: :a. Retrospectively
Explanation:
A change in depreciation method is a change in accounting policy and as such it would need to be accounted for retrospectively.
This means that it must be accounted for by going back to all periods where the change affects an entry and adjusting that entry for the change so that the accounting can be more accurate.
What would happen if the government subsidized consumption of this product because it has positive externalities in consumption
Answer:
If a product has postive externalities, it means that it benefits society in some way that is not reflected in the product's price, supply and demand.
Explanation:
This causes economic distortion in which the possible benefit of the product are less than ideal.
For this reason, governments can subsidize goods and services that have postiive externalities, with the effect of bringing about the full benefit of the good or service to society.
A typical example is education, which is not a product, but a service. Education has a lot of positive externalities: it makes societies more educated and productive, even more peaceful. This is why the government heavily subsidizes education, both in primary, secondary, and tertiary levels.