Gion Company is considering eliminating its windows division, which reported an operating loss for the recent year of $105,000. Division sales for the year were $1,110,000 and its variable costs were $975,000. The fixed costs of the division were $220,000. If the windows division is dropped, 65% of the fixed costs allocated to it could be eliminated. The impact on Gion’s operating income from eliminating this business segment would be:

Answer:

Governance Form.

Explanation:

The buyer has the right to request a copy of several documents, including the Governance Form. This form summarizes the board of directors and unit rights.

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Answer:

The correct answer is letter "D": Engineering.

Explanation:

Cost engineering is an estimating technique company develops while dealing with complex projects. Usually, a budget is required when implementing new technological equipment or a device that might improve another machine. It includes the costs of procurement, manufacturing, and the final assembly.

Answer:

NPV

Project A - $35,155.12

Project B - $31,882.39

Tradeau would choose both project A and B

IRR

Project A - 20.01%

Project B - 19.91%

Tradeau would choose both project A and B

Explanation:

The NPV is the discounted cash flow less the amount invested.

The IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.

The NPV and IRR can be found using a financial calculator:

NPV and IRR for project A

Cash flow for year 0 = $-140,000

Cash flow each year from year 1 -8 = $36,500

I = 13%

NPV = $35,155.12

IRR = 20.01%

NPV and IRR for project B

Cash flow for year 0 = $-160,000

Cash flow for year one to six = $48,000

I =13%

NPV = $31,882.39

IRR = 19.91%

The decision criteria using the NPV is to choose the project with postive NPV. both projects have a positive NPV so they would both be chosen.

The decision criteria using the IRR is to choose the project with IRR greater than the discount rate. Both IRRs are greater than the discount rate, so both projects would be chosen.

I hope my answer helps you

Answer:

Income tax expense

= 40% x $250,000 = $100,000

Total income tax expense

= 40% x ($250,000 +$70,000) = $128,000

The correct answer is D

Explanation:

The income tax expense is calculated on the operating income of $250,000 while the total income tax expense is calculated on the gross income of $320,000. Tax is computed at the rate of 40% of the income respectively.

Freda's Florist's separately stated income tax expense and total income tax expense for the year ended December 31, 2018, would be $100,000 and $128,000, respectively. We arrive at these values by applying a 40% tax rate to the combined operating income and income from discontinued operations.

To calculate Freda's Florist total income tax expense, we would first need to determine the taxable income, which includes both the operating income and the income on discontinued operations. Let's start by summing those two incomes:

Operating income: $250,000

Income on discontinued operations: $70,000

Total taxable income: $320,000

Then, we apply the tax rate of 40% on this total taxable income to get the total tax expense:

$320,000 * 40% = $128,000.

The separate income tax expense is calculated by applying the tax rate to the operating income: $250,000 * 40% = $100,000.

So, Freda's Florist separately stated income tax expense and total income tax expense would be $100,000 and $128,000, respectively. Therefore, answer '(D)' is correct.

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Solution:

Total number of seats in the plane = 57

From MSY to DFW = 44 passangers

From DFW to OKL = 49 passangers

From OKL to TUL = 36 passangers

From TUL to FWB = 30 passangers

From FWB to MYS = 49 passangers

So the average number of seats filled per flight

                                                                = (44+49+36+30+49) / 5

                                                                 = 208/5

                                                                  = 41.6

For the last 5 flights Load factor = Average number of seats filled per flight / Total number of seats in the plane

= 41.6 / 57

= 0.7298

= 72.9%

So for the last five flights the load factor was 72.9%

Answer:

Regressive.

Explanation:

Sales tax is regressive as it mostly collected from poor or low income consumer, as they spend most of thier income and hardly save money or efford for luxury goods. Sales tax is very important source of revenue for the government, however, it impact heavily on low income people. Low income consumer spend most of the income than consumer with income, which create gap or imbalance between poor and rich.

Answer:

c. $330,000

Explanation:

Step 1. Given information.

Treasury shares = 30.000

Mount of share acquisition = $11

Step 2. Formulas needed to solve the exercise.

The cost method  = treasury shares * Mount of share acquisition

Step 3. Calculation

= 30,000 * 11= $330,000

Step 4. Solution.

Balance of Treasury Stock on Grant's Balance Sheet At December 31,2015 using the cost method  is $330,000

Answer:

Consider the following calculations

Explanation:

(a) Price level = 1.25

Value of dollar = 1/Price level = 1/1.25 = 0.8

Thus,

The new value of the dollar is $0.8

(b)  Price level = 0.50

Value of dollar = 1/Price level = 1/0.50 = 2

Thus,

The new value of the dollar is $2.

Answer:

a. When the price level rises to 1.25 in year 2, the value of money reduces to $0.80

b. When the price level drops to 0.50, the value of money rises to $2.00

Explanation:

Topic: Price Level and Value of Money

The basic causal relationship between the price level and the value of money is that as the price level goes up, the value of money goes down

Value of Money is calculated using the following formula:

[tex]Value of Money = \frac{1}{Price Level}[/tex]

Given

In year 1 are 1 and $1, respectively

a. When Price Level Rises to 1.25 in year 2

The new value of dollar is calculated using

[tex]Value of Money = \frac{1}{Price Level}[/tex]

By Substituting 1.25 for Price Level, we have

[tex]Value of Money = \frac{1}{1.25}[/tex]

[tex]Value of Money = 0.8[/tex]

[tex]Value of Money = 0.80[/tex] to two decimal places.

Hence, when the price level rises to 1.25 in year 2, the value of money reduces to $0.80

b. When Price level falls to 0.50

The new value of dollar is calculated using

[tex]Value of Money = \frac{1}{Price Level}[/tex]

By Substituting 0.50 for Price Level, we have

[tex]Value of Money = \frac{1}{0.50}[/tex]

[tex]Value of Money = 2[/tex]

[tex]Value of Money = 2.00[/tex] to two decimal places.

Hence, when the price level drops to 0.50, the value of money rises to $2.00

Answer:

Full organic support.

Explanation:

Full organic support is a traditional DoD supply chain assistance policy that accommodates DoD employees accountable towards implementing subsistence and supplies to DoD facilities.  This is basically the administration of equipment beyond the DoD accumulation chain including the sustainable assets in accordance amidst DoD Instruction (DoDI) 4105.72, the conventional security associates. Comply with maintaining DoD furthermore Defense Logistics standard accumulation. Employee imperative sourcing and procurement methods are been implemented.

Answer: B

Explanation:

End each meeting with a recap of assignments and send an e-mail indicating assignments. This would allow the assignments stick more so as to prevent lapses.

Answer:

Letter E is correct. Their reliance on available natural resources for their subsistence, rather than controlling the reproduction of plants and animals.

Explanation:

The use of natural resources is common and essential to all foraging economies, whose fundamental principle is to produce for their own consumption. These are economies that depend on hunting, gathering or fishing to survive.

However, there is no systematization of economic processes nor the use of socio-structural variables and policies that help these subsistence economies to gain a new perspective on the control and functioning of the economy, which can help in the processes and optimization of the utilization of natural resources.

Answer:

The correct answer is letter "A": employment-at-will doctrine.

Explanation:

The employment-at-will doctrine is an organizational practice in which employers could terminate labor relationships at any moment with no need for explanations and workers as well could cease the relationship without major reason. This practice aimed to avoid lawsuits between employers and workers.

Answer:

Gain of $150,000.

Explanation:

The recognized gain/loss of an asset is calculated as below:

Recognized gain/loss of a liquidated asset = Sales price - Net book value of a liquidated asset

= Sales price - (Original purchase cost of a liquidated asset - Accumulated depreciation)

Putting all the number, we get:

Recognized gain/loss of Hart's asset = 550,000 - (500,000 - 100,000) = $150,000

Note: tax rate is only relevant when the question is about calculated casfh inflow from liquidating an asset. If that is the case, we take sale price , then subtracted by the tax on gain/loss.

Answer:

(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.

Explanation:

Assuming information asymmetries in the market, and Iris and Daphne are incapable of compare their willingness to pay against the average price of the market for this type of service, C is true since Joss maximize the economic surplus by increasing his productivity using the time better than his opportunity cost.

Answer:

6. D. Contains a combination of fixed costs and variable costs.

7. B. Does not change with changes in the volume of activity within the relevant range.

8. C. Direct materials, direct labor, and factory overhead.

9. A. Finished goods inventory.

10. D. Work-in-Process inventory.

11. B. Cost of goods purchased.

Explanation:

6. Mixed cost is a combination of fixed costs and variable costs. Therefore, the option "D" is the correct answer. However, it is not directly traceable to a cost object. The mixed cost has not been incurred until the manufacturer uses it. It cannot change up to a specific volume, but mixed cost increases after that limit — for example - Telephone bill or Electric bill.

7. Fixed cost is the cost that does not change as the volume changes within the relevant range. Therefore, option B is right, and option D is incorrect. Because it does not require the future outlay of cash for decision making, it is not directly traceable to a cost object. If the manufacturer does not rent a house for administrative purposes, it can be avoided.

8. The three major cost components of a manufactured product are-

Direct materials, direct labor, and factory overhead. Those are the combination of manufacturing cost. So, C is the answer. Indirect labor and materials are not major cost components, so B is incorrect. Opportunity cost and sunk costs are decision-making costs, so D is wrong. Selling, administrative, and marketing costs are non-manufacturing costs, so A and E are wrong.

9. When the manufacturing firm has completed the production of a specific product but has not yet sold to the customers or third parties, it is termed as the finished goods inventory. In short, it states that the number of manufactured products that are available for sale. It is a current asset for the manufacturer because those can be sold within a year.

10. Work-in-process inventory is such a type of manufacturing inventory or cost that has not yet been manufactured or partially manufactured or in the process of manufacturing. It is not a conversion costs because it may incur the direct labor and manufacturing overhead. It cannot be a finished good or cost of goods sold.

11. A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's cost of goods purchased. Therefore, the option "B" is correct.

The cost of goods sold is measured with the help of the cost of goods purchased. So, option A is incorrect. After adding the costs of goods manufactured with the beginning finished goods inventory, we can get the costs of goods available for sale. Therefore, C, D, and E cannot be the answer.

Answer:

d. The company would like to raise its ranking on the Transparency International scale.

Explanation:

The Transparency International scale is a metric usually associated to countries' overall corruption and not widely applied to measure companies' ethical behavior. Therefore, raising its ranking on the Transparency International scale is not a likely reason for companies to act more ethically, especially when compared to the other reasons presented which directly impacts in a company's operations and profitability.

Answer:

K's Estate will receive her proceeds when she dies.

Explanation:

K is the primary beneficiary of her husband, and a contigent beneficiary of her brother.

They die, so K receives proceeds from both of them.

Now, K has to declare her estate, so her proceeds will go to someone when she dies.

So the correct answer is that K's Estate will receive her proceeds when she dies.

Answer:

e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.

Explanation:

Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.

For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .

Internal revenue service must give permission for the change

Explanation:

The Internal Revenue Service is the federal government's income service. The government agency is a division of the Administration of the Treasury and is subsequently headed by the Internal Revenue Commissioner, designated by the President of the United States for a term of five years.

An adjustment in the accounting method of a company includes a change in its overall plan to pay for gross income or expenses (cash or accumulation methods).

They usually have to request permission to do this by filing Form 3115 with either the International Relations Service if they want to change from the accumulation accounting method to the cash accounting rules.

Answer:

2017 preferred shareholders  = $5,000

so correct option is $5,000

Explanation:

given data

Outstanding stock = 40,000 shares

common stock = $5

share = 10000  @ 5%

non-cumulative preferred stock = $10

2016 paid dividends = $4,000

2017 paid dividends = $20,000

to find out

2017 dividend was distributed to preferred shareholders

solution

we know here that preferred shares is 5%, $10 par, and there are 10,000 shares outstanding

so preferred shareholders is here

preferred shareholders = $10 ×  5% × 10,000 = $5,000

and here $4,000 in dividends declared in 2016

so preferred shareholders received all of that and when preferred shared were cumulative

so in 2017 the preferred shareholders will be

2017 the preferred shareholders =  $5,000 + ($5,000 - $4,000) = $6,000

but here when preferred shares are non cumulative

it means that the 2016 shortfall does not carry over to 2017

so in 2017 preferred shareholders receive just the normal amount that is

2017 preferred shareholders = $10 ×  5% × 10,000

2017 preferred shareholders  = $5,000

so correct option is $5,000

Answer:

b.$50,000

Explanation:

The paid $90,000 and additional $10,000 spent on this equipment is the cost of this equipment, but maybe have been amortized fully in current project already; so we do not need to indicate these amount in the new project.

The company has received an offer of $50,000 for selling this piece of equipment, thus this is an opportunity cost of the project.

And the company should assign this as an initial cost of the project.

Answer and Explanation:

b) the tax professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.

Answer:

The answer is C

Explanation:

c) the tax professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.

Answer:

b. There is a fall in the wages paid to workers that grow roses.

Explanation:

A shift to the right in the supply curve means that the supply of roses increased the quantity of roses at the same price. This is only possible is a change in the cost structured improved the capacity of production of roses at the same use of resources. With a fall in salaries of workers is possible to hire more workers and increase the offer of total roses at a same level of previous cost

Answer:

6.2%

Explanation:

The instrinsic value of the company's preferred stock can be determined as the sum of all discounted dividends. The cashflow pattern of preferred shares is similiar to perpetuity.

Preferred share price = CF/(1 + Cost of preferred stock) + CF/(1 + Cost of preferred stock)^2 + ... + CF/(1 + Cost of preferred stock)^n, or reduced form as

                                      = CF/Cost of preferred stock

Putting all the number together, we get:

96 = 5.95/Cost of preferred stock, or Cost of preferred stock = 6.2%

Answer:

 the relevant cost to make is $44.35

Explanation:

given data

Direct material = $ 8.10  

Direct labor = 24.10  

Overhead = 40.50  

Total product cost per unit = $ 72.70

Cost of purchase = $42.35

solution

we know here that 70% of overhead cost is unavoidable

so we can say that it will not be considered for decision making

so here Cost of manufacturing will be

Cost of manufacturing = $8.10 + $24.10 + ( 30% of $40.50 )

Cost of manufacturing = $44.35

and

Cost of purchase is = $42.35

so here we can say  the relevant cost to make is $44.35

Option C is the correct answer. The AICPA's conceptual framework for independence is utilized or used to assess any challenges to members' independence.

Litigation, adverse interest between or among the CPA firm and the client, self-interest, familiarity outcoming in a financial benefit result to the CPA firm, CPA firm owning stock in the client's firm, and so on are all examples of threats

In the new AICPA Code, two conceptual frameworks;

The conceptual framework strategy is one manner in which warnings to completely comply with rules originating from a specific link or condition that are not covered by the code can be;

Therefore, Option C) "Understand the rules of confidential client information and professional misconduct." is the correct answer. 

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Answer:

net income =  $10763 million

so correct option is C.  $10,763 million

Explanation:

given data

Basic earnings per share = $2.13

diluted earnings per share = $2.11

weighted average basic shares = 5,053 million

to find out

What approximate net income

solution

we will apply here basic EPS formula that is express as

basic EPS  = Net income ÷  Number of outstanding shares     ............1

put here value we get net income

net income = $2.13 × 5053000000

net income =  $10763 million

so correct option is C.  $10,763 million

Answer:

The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54

Explanation:

Allowed expense = $942*37%

                              = $348.54

Therefore, The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54

Jordan can deduct $348.54 as the business portion of the finance charges from his personal credit card on his Schedule C.

Jordan wants to determine how much of the finance charges paid on his personal credit card can be deducted for business purposes on his Schedule C. Given that the total finance charges for the year were $942 and that Jordan's total business charges on the card were 37% of all charges, we can calculate the deductible business interest expense.

We start by calculating the portion of the finance charges that correspond to business use: 37% of $942. To find this amount, we multiply the total finance charges by the percentage that represents business use. So, the calculation would be 0.37 × $942, which equals $348.54.

This means that Jordan can deduct $348.54 as interest expenses for his business on his Schedule C.

Answer:

The correct answer is E.

Explanation:

Giving the following information:

They plan to run a full-page newspaper ad in Metro News. The readership of Metro News is 850,000 and the cost of the ad is $82,000.

First, we need to calculate the cost per reader:

CPR= 82,000/850,000= 0.09647

Now, we can calculate the cost per thousand:

CPM= 0.09647*1,000= $96.47

The cost per thousand (CPM) of this campaign is. $96.47

Given that the readership of Metro News is 850,000 and the cost of the ad is $82,000.

We calculate the cost per reader:

CPR= 82,000/850,000

= 0.09647

Now, we can calculate the cost per thousand:

CPM= 0.09647*1,000

= $96.47

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