The manufacturer employs Management by Objectives (MBO) to motivate employees by aligning their SMART goals with the overall organizational objectives, thus enhancing productivity and motivation.
The manufacturer Raul works for is using Management by Objectives (MBO) to boost employee motivation. This approach involves setting specific, measurable, aggressive, realistic, and time-bound (SMART) goals that help employees to focus their efforts in a direction that benefits the organization. The goals are designed to challenge employees, make them rethink traditional methods, and align with the company's broader objectives. By sharing the company's goals, engaging employees in goal-setting, and reviewing their contributions during performance appraisals, managers can ensure employee goals align with the organization's goals. This systematic alignment can significantly enhance motivation and productivity within the company.
Morgan would like to purchase a bond that has a par value of $1,000, pays $80 at the end of each year in coupon payments, and has 10 years remaining until maturity. If the prevailing annualized yield on other bonds with similar characteristics is 6 percent, how much will Morgan pay for the bond
Answer:
Price of Bond = $1,147.201
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The value of bond for Morgan can be worked out as follows:
Step 1
PV of interest payments
PV of interest =
A × (1+r)^(-n)/r
A- interest payment- 80, r-yield on bond- 6%, n-years to maturity- 10
80 × (1- (1.06)^(-10)
= 588.8069
Step 2
PV of Redemption Value
= 1,000 × (1.06)^(-10)
= 558.3947769
Price of bond
= 588.80 + 558.394
Price of Bond = $1,147.201
The 2013 Income Statement and other selected financial information for Company A, as well as projected amounts for 2014, are shown below. There are no planned gains or losses on disposal of assets in 2014. Assume a tax rate of 35 percent. What is the projected Free Cash Flow (FCF) for 2014? Company A 2013 2014 Revenues 2,000 2,200 Operating Expenses 1,400 1,540 Operating Income 600 660 Interest Expense 100 100 Pretax Income 500 560 Tax Expense 175 196 Net Income 325 364 Depreciation and Amortization 100 100 Capital Expenditure 100 120 Working Capital at Year End 200 220
Answer:
Explanation:
The problem requires excel work so that is why the below picture is attached for good explanation and I hope it helps you. Thank you.
Answer:
The projected Free Cash Flow (FCF) for 2014 is $389
Explanation:
In order to calculate the projected Free Cash Flow (FCF) for 2014 we would have to use the following formula:
Free Cash Flow 2014=Net income+Interest Expense-tax shield on interest expense+non cash expenses-change in working capital-capital expenditures
tax shield on interest expense=100*0.35=35
Free Cash Flow 2014=$364+$100-$35+$100-$20-$120
Free Cash Flow 2014=$389
The projected Free Cash Flow (FCF) for 2014 is $389
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 709 Building and equipment 923 Cash-checking 41 Interest receivable 43 Inventory 20 Land 150 Notes receivable (long-term) 495 Petty cash funds 9 Prepaid rent 35 Supplies 8 Trademark 55 Accounts payable-trade 633 Accumulated depreciation 71 Additional paid-in capital 483 Allowance for uncollectible accounts 15 Cash dividends payable 28 Common stock, at par 12 Income tax payable 62 Notes payable (long-term) 876 Retained earnings 282 Deferred revenues 26 TOTALS 2,488 2,488 What is the amount of working capital for Symphony
Answer:
$101
Explanation:
The computation of the working capital is shown below:
As we know that
Working capital = Current assets - current liabilities
where,
Current assets = Account receivable + checking cash + interest receivable + inventory + petty cash funds + prepaid expense + supplies
= $709 + $41 + $43 + $20 + $9 + $35 + $8
= $865
And, the current liabilities is
= Account payable of trade + Allowance for uncollectible accounts + cash dividend payable + income tax payable + deferred revenues
= $633 + $15 + $28 + $62 + $26
= $764
So, the working capital is
= $865 - $764
= $101
Final answer:
The working capital for Symphony Stores is calculated by subtracting the total current liabilities ($749 million) from the total current assets ($865 million), resulting in a working capital of $116 million.
Explanation:
To calculate the working capital for Symphony Stores, we need to consider the company's current assets and current liabilities. Working capital is defined as the difference between current assets and current liabilities, and it represents the short-term liquidity and operational efficiency of a business.
According to the provided balance sheet, the current assets of Symphony Stores can be calculated by adding together Cash-checking ($41 million), Accounts receivable-trade ($709 million), Interest receivable ($43 million), Inventory ($20 million), Petty cash funds ($9 million), Prepaid rent ($35 million), and Supplies ($8 million). This results in total current assets of $865 million.
The current liabilities can be summed up by adding Accounts payable-trade ($633 million), Cash dividends payable ($28 million), Income tax payable ($62 million), and Deferred revenues ($26 million), yielding total current liabilities of $749 million.
To find the working capital, subtract the total current liabilities from total current assets: $865 million - $749 million = $116 million working capital.
Principal, Inc. is acquiring Secondary Companies for $38,000 in cash. Principal has 4,500 shares of stock outstanding at a market price of $31 a share. Secondary has 1,600 shares of stock outstanding at a market price of $22 a share. Neither firm has any debt. The net present value of the acquisition is $2,400. What is the price per share of Principal after the acquisition
Answer:
$31.53 Price per share
Explanation:
[(4,500 ×$31) + $2,400] / 4,500
=$139,500+$2,400/4,500
=$141,900/4,500
= $31.53
Therefore the price per share of Principal after the acquisition is $31.53 Price per share
McNeely entered into a contract with Wagner to pay $250,000 as a lump sum for all timber present in a given area that Wagner would remove for McNeely. The contract estimated that the volume in the area would be 780,000 board feet. Wagner also had provisions in the contract that made no warranties as to the amount of lumber and that he would keep whatever timber was not harvested if McNeely ended the contract before the harvesting was complete. The $250,000 was to be paid in three advances. McNeely paid two of the three advances but withheld the third payment and ended the contract because he said there was not enough timber. Wagner filed suit for the remaining one-third of the payment. McNeely said Wagner could not have the remaining one-third of the payment as well as the transfer; he had to choose between the two remedies. Is he correct
Final answer:
McNeely's assertion that Wagner must choose between remedies after a contractual breach is not automatically correct and depends on the contract and law. Contract terms and legal principles determine whether Wagner can claim both the unpaid payment and retain the timber, reflecting value-added steps from logger to construction.
Explanation:
The claim made by McNeely that Wagner must choose between the remaining one-third payment and taking ownership of the unharvested timber is not necessarily correct. This judgment would depend on the specific terms of the contract they entered and the applicable law governing such contracts. Typically, when a party breaches a contract, it can result in the other party being entitled to remedies that may include damages, specific performance, or restitution, among others.
The contract described appears to have a provision that allowed Wagner to keep any timber not harvested if the contract was terminated early by McNeely, which might suggest that Wagner could be entitled to the remaining third of the payment as well as retain the timber as a form of liquidated damages or agreed compensation for breach. However, if the contract terms are silent on the remedy of payment upon early termination by McNeely, a court's interpretation of the agreement and principles of contract law would determine Wagner's entitlement.
Value is added at each stage in the production and sale of timber, as reflected in the incremental price increases from the logger to the mill to the construction firm. Compensation for property use and the rights related to agreements for timber removal are crucial to understand in such a context.
On January 2, 2018, the Matthews Band acquires sound equipment for concert performances at a cost of $66,400. The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2018, the band performs 45 concerts.
Compute the year 2018 depreciation using the units-of-production method.
Answer:
14,715
Explanation:
The computation of depreciation using the units-of-production method is shown below:-
Depreciation per concert = (Original cost - Salvage value) ÷ Estimated total concerts
= $66,400 - $1,000) ÷ 200
= $65,400 ÷ 200
= 327
Depreciation in 2018 = Concerts in 2018 × Depreciation per concert
= 45 × 327
= 14,715
The ultimate retail strategy is to offer consumers multiple brand–based "touchpoints" that leverage the strengths of each channel. Using a scenario of various touchpoints, describe what might happen after a company with an omni-channel strategy has sparked a customer’s interest using mobile advertising. The scenario should end with a customer service rep in a call center.
Answer:
Here, to explain this, a company with a truly integrated or omni channel strategy might spark a customer's interest using mobile advertising or direct mail catalogs. The customer then visits a brick and mortar store to examine the product firsthand and speak to a salesperson.
In-store purchases might be made using one of the mobile payment methods discussed later in this chapter. If the store does not have the particular size or color of the product desired, the customer might order it by accessing the store's e-commerce site with his or her smartphone by scanning a QR code placed strategically on an in-store display.
The product would then be delivered through the mail. Product returns could be handled through the mail or returned to the store, depending on what is most convenient for the customer. Customer service reps in a call center would have a record of the customer's purchase regardless of which channel the transaction had been completed through.
Which of the following statements is not correct? a. Monopolistic competition is similar to monopoly because in each market structure the firm can charge a price above marginal costs. b. Monopolistic competition is similar to perfect competition because both market structures are characterized by free entry. c. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry.
Answer:
c. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry.
Explanation:
reader beware your answer is right there.
The incorrect statement is that Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry. In reality, Monopolistic competition is characterized by free entry and exit in the long run, unlike an oligopoly which usually has significant barriers to entry.
Explanation:The statement that is not correct is c. Monopolistic competition is similar to oligopoly because both market structures are characterized by barriers to entry. Monopolistic competition and oligopoly differ in terms of entry barriers. Monopolistic competition is characterized by free entry and exit in the long run, resembling perfect competition in this aspect. In contrast, an oligopoly structure denotes a market dominated by a few large producers, and it usually presents considerable barriers to entry, restricting the entry of new firms.
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Please fill in the blanks with appropriate option.
1. A dramatic decrease in tax rates for all Americans over a period of several years leads to a massive, positive demand shock. Before the market has time to adjust, the result of this positive demand shock is ________
2. As the economy responds to gaps caused by different shocks, the focus shifts to the ________ which is the difference between actual output and potential output.
3. A sudden movement of the AD curve, in a positive or negative direction, is known as __________.
4. Due to several months of negative performance, consumer confidence and expectations in the stock market fall dramatically, leading to a negative demand shock. The resulting situation will create an _________.
5. __________ is a sudden movement of the SRAS curve in either a positive or negative direction.
6. After adjusting to the effects of shocks, the economy experiences an eventual return to equilibrium in the long run. This is due in large part to the ability of the economy to undergo an ____________.
Answer: Please refer to Explanation
Explanation:
1. Inflationary Gap.
Due to the availability of more disposal income due to tax cuts, more amount is being spent on consumption leading to a rise in actual GDP which is more than the potential GDP as the economy has not adjusted.
2. Output Gap.
This is the difference between the Actual GDP and the Potential GDP.
3. Demand Shock
This increases or reduces Aggregate Demand due but only temporarily.
4. Recessionary Gap.
This is where actual GDP falls below Potential GDP.
5. Supply Shock.
Like a demand shock, it suddenly increases or reduces the supply of goods and services. It is temporary as well.
6. Self Correction
Economists believe that in the long run, the Economy is capable of adjusting to shocks and returning to it's potential and natural levels.
Which of the following statements is true regarding the attraction-selection-attrition (ASA) process? The ASA process aids organizations in maintaining the relative heterogeneity of employee personalities and values. Individuals self-select the companies for which they choose to work. Due to economic circumstances, companies today hire people for fit with the job only and are much less concerned about fit with the culture. New organization members are rarely taught the "way of business" in the firm; they simply acquire that knowledge through daily activities. Person-organization misfit has only a minor impact on employee turnover.
Answer:
Individuals self-select the companies for which they choose to work.
Explanation:
In simple words, Benjamin Schneider developed the attractiveness-selection-attrition (ASA) paradigm as a behavioral testable theory that depicts why companies look and behave the manner they do. People are drawn by, chosen and maintained in psychological qualities in organisations whose participants are identical to oneself.
The statement that is true about the attraction-selection-attrition is The ASA process aids organizations in maintaining the relative heterogeneity of employee personalities and values.
The attraction-selection-attrition is a model that was created by Benjamin Schneider. The model is a theory of psychology that explains the reasons why firms are the way and feel the way that they are.
This framework is used to understand the behavior of organizations. In this theory, the organization is said to be due to the people that are there and the founders and top employees.
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Suppose that you open your own business and earn an accounting profit of $35,000 per year. When you started your business, you left a job that paid you a $30,000 salary annually. Also, suppose that you invested $70,000 of your own funds to start up your business.
If the normal rate of return on capital is 10 percent, your economic profit is
A. minus$5,000.
B. minus$2,000.
C. $5,000.
D. $2,000.
Answer:
B. minus$2,000.
Explanation:
The computation of the economic profit is shown below:
As we know that
Economic profit = Total revenue - Explicit costs - Implicit costs
= $35,000 - $30,000 - $7,000
= -$2,000
The implicit cost is come from
= $70,000 ×10%
= $7,000
We simply applied the above formula so that the economic profit could come
In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $186,000 of the fixed manufacturing expenses and $106,000 of the fixed selling and administrative expenses are avoidable if product L07E is discontinued. The financial advantage (disadvantage) for the company of eliminating this product for the upcoming year would be:
Answer:
-$173,000
Explanation:
The computation of the financial advantage or disadvantage is shown below:
But before that first we have to find the net operating income
Sales $830,000
Less:Variable expenses -$365,000
Contribution margin $465,000
Less:Fixed manufacturing expenses -$291,000 477
Less:Fixed selling and administrative expenses -$166,000 272
Net operating income $8,000
Now
Fixed manufacturing expense unavoidable is
= $291,000 - $186,000
= $105,000
And,
Fixed selling and administrative expense unavoidable is
= $166,000 - $106,000
= $60,000
Total expenses unavoidable=$266000
Hence financial disadvantage is
= -$105,000 -$60,000 -$8,000
= -$173,000
Final answer:
The financial advantage or disadvantage for the company of eliminating product L07E can be calculated by subtracting the avoidable fixed expenses from the company's total fixed expenses.
Explanation:
The financial advantage or disadvantage for the company of eliminating product L07E can be calculated by subtracting the avoidable fixed expenses from the company's total fixed expenses. The avoidable fixed expenses for manufacturing are $186,000 and for selling and administrative are $106,000. Therefore, the financial advantage (disadvantage) of eliminating product L07E would be:
Total fixed expenses - Avoidable fixed expenses
$186,000 (manufacturing) + $106,000 (selling and administrative)
= $292,000
So, the company would have a financial advantage of $292,000 if product L07E is discontinued for the upcoming year.
Matching Exercise: Match the type of bond to its definition. a)The Catastrophe Bond: b)A Warrant Bond: c)An Income bond: d)A Convertible bond: e)A Put bond:
Answer:
Match the type of bond to its definition.
a)The Catastrophe Bond:
This bond is security emitted by a company to raise funds in the form of debt because it suffered a natural disaster and needs liquidity.
b)A Warrant Bond:
This type of bond is emitted by a company to favor the holder for the right to buy a stock at a price that will be decided by the company at the moment of the warrant bond expedition. This price is not linked to the market stock price at the moment of execution.
c)An Income bond:
This security is a bond that compromises the company to pay the established amount if the company makes enough earnings to issue the fraction established of the debt,
d)A Convertible bond:
This type of security provides a stable payment for the holder as payment for the lending of a certain amount of money. However, it has a special right to be converted in stock if the holder wants it.
e)A Put bond:
This type of security compromises the issuer to buy a certain stock from the holder at a certain price with a certain duration.
Explanation:
The reasons to back this answer are:
a)The Catastrophe Bond:
This bond is security emitted by a company to raise funds in the form of debt because it suffered a natural disaster and needs liquidity. This is a very effective bond to issue debt in any unexpected event.
b)A Warrant Bond:
This type of bond is emitted by a company to favor the holder for the right to buy a stock at a price that will be decided by the company at the moment of the warrant bond expedition. This price is not linked to the market stock price at the moment of execution. This is a very good bond to reward management for good results.
c)An Income bond:
This security is a bond that compromises the company to pay the established amount if the company makes enough earnings to issue the fraction established of the debt, This is a very good bond to not compromise to use a payment of a debt, and keeping it outside a bad scenario for the company.
d)A Convertible bond:
This type of security provides a stable payment for the holder as payment for the lending of a certain amount of money. However, it has a special right to be converted into stock if the holder wants it. This bond is very good to increase the stocks in the market and reduce the sare price to pump it.
e)A Put bond:
This type of security compromises the issuer to buy a certain stock from the holder at a certain price with a certain duration. This type of bond is very good to sell short the position of a company with bad performance.
Final answer:
A Catastrophe Bond is a high-yield instrument for catastrophe risks; a Warrant Bond includes stock purchase rights; an Income Bond pays interest based on profitability; a Convertible Bond can be exchanged for stock; and a Put Bond may be sold back to the issuer before maturity.
Explanation:
To match the type of bond to its definition:
a) The Catastrophe Bond: A high-yield debt instrument designed to raise money in case of a catastrophe such as an earthquake or a hurricane. The issuer is generally an insurance company looking to pass on potential risks to investors. Bonds are forfeited to pay for the losses if a catastrophe occurs.b) A Warrant Bond: This bond includes warrants which give the holder the right to purchase the company's stock at a specific price within a certain timeframe.c) An Income bond: Unlike regular bonds, income bonds pay interest only if the issuing company is profitable, thus the payments can be suspended without leading to default.d) A Convertible bond: A type of bond that can be converted into a predetermined number of the company's equity stock at certain times during its life, usually at the discretion of the bondholder.e) A Put bond: A bond that allows the holder to force the issuer to repurchase the security at specified dates before maturity.The terms risk, investment considerations, corporate bond, municipal bond, savings bond, Treasury note, Treasury bond, Treasury bill, Individual Retirement Account (IRA), capital market, money market, primary market, and secondary market are essential to understanding the various types of bonds and their respective markets.
If your organization performs nonroutine tasks in a complex environment and you wanted to empower the managers closest to the environment to make decisions and quickly implement them, which type of organizational structure would you likely choose? Subordinates’ need for direction and supervision most influences which aspect of organizational structure? If your firm’s environment is stable, what type of structure would you likely choose?
To empower managers in a complex environment, a flat organizational structure with decentralized decision-making is preferred. Subordinate needs for direction influence whether a Theory X hierarchical or Theory Y flat structure is used. In stable environments, bureaucratic or hierarchical structures are typically chosen.
Explanation:If an organization performs nonroutine tasks in a complex environment and wishes to empower managers to make decisions quickly and implement them, a flat organizational structure would likely be chosen. Flat structures are characterized by fewer hierarchical levels, a broader span of control, and typically encourage decentralized decision-making which is essential for managers to respond with agility to the complexities of their environment. This approach aligns with the contemporary trend of breaking down traditional hierarchies in favor of promoting teamwork and collegial relationships within the workplace.
When subordinates' need for direction and supervision significantly influences an aspect of organizational structure, it is a reflection of whether an organization should be more aligned with Theory X, which suggests a more hierarchical, directive approach, or Theory Y, which supports employee autonomy within a flat structure. The relationship between leadership and subordinates varies with individual autonomy; those requiring more structure benefit from a well-defined work environment, while autonomous employees thrive under leaders who offer flexibility and empowerment.
For firms operating in a stable environment, a more traditional and structured organizational format, such as a bureaucratic or hierarchical structure, may be suitable. Such structures tend to have clear, defined roles and responsibilities, with established procedures that lend themselves to stability and consistency in operations.
A lumber mill paid $70,000 for logs that produced 200,000 board feet of lumber in 3 different grades and amounts as follows: Grade Production Market Price Structural 25,000 board feet 1,350/1,000 bd. ft. No. 1 Common 75,000 board feet 750/1,000 bd. ft. No. 2 Common 100,000 board feet 300/1,000 bd. ft. Compute the portion of the $70,000 joint cost to be allocated to No. 2 Common if the value basis is used.
Answer:
The multiple choices:
$35,000.
$23,333.
$70,000.
$17,500.
$0.
The fourth option,$17,500 allocated cost is the correct answer.
Explanation:
The joint cost of $70,000 can be apportioned between the logs of different grades using the sales price of each log as highlighted below:
The sales value of each =board feet*bd. ft
Structural market price =25,000*1350/1000=$33,750
No 1 common market price=75,000*750/1000=$56,250
No 2 common market price=100,000*300/1000=$30,000
Total market price $120,000
The joint cost allocated to No.2 common =market price of no.2 common /total market value*joint cost
the joint cost allocated to no.2=$30,000/$120,000*$70,000=$17,500
Jones Manufacturing incurred fixed overhead costs of $8,000 and variable overhead costs of $4,600 to produce 1,000 gallons of liquid fertilizer. It takes 2 hours of direct labor to produce 1 gallon of fertilizer. The standard hours allowed to produce 1,000 gallons of fertilizer is 2,000 hours. Predetermined overhead rate is $5/direct labor hour. What is the total overhead variance? $2,000U. $5,400U. $10,600U. $2,600U.
Answer:
Jone Manufacturing
Total Overhead Variance = $2,000U.
Explanation:
Variance is the difference between budgeted and actual expense. It is favorable when the actual is less than the budgeted amount. It is unfavorable when the actual is more than the budgeted amount. It is neither favorable nor unfavorable when the actual equals the budgeted amount.
Variance analysis as a budgeting tool is used to evaluate the performance of management in managing costs, relative to the activity levels.
In Jones Manufacturing, actual and budgeted costs are calculated as follows:
Actual costs:
Fixed overhead = $8,000
Variable overhead = $4,600
Total = $12,600
Budget costs:
Fixed overhead = $10,000 (2,000 hours x $5)
Variable overhead = $4,600
Total = $14,600
Variance = budgeted overhead minus actual overhead
= $14,600 - $12,600 = $2,000U
Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system.
April
1 Sold merchandise to Mann Company for $4,000, terms 2/10, n/30. The merchandise sold had a cost of $2,500.
2 Purchased merchandise from Wild Corporation for $8,000, terms 1/10, n/30.
4 Purchased merchandise from Ryan Company for $1,000, n/30.
10 Received payment from Mann Company for purchase of April 1 less appropriate discount.
11 Paid Wild Corporation for April 2 purchase.
Journalize the april transactions for Leiss Company.
Answer and Explanation:
The journal entries are shown below:
On April 1
Account receivable Dr $4,000
To Sales revenue $4,000
(Being the sale of the merchandise is recorded)
For recording this we debited the account receivable as it increased the assets and credited the sales revenue as it also increased the sales
Cost of goods sold Dr $2,500
To Merchandise inventory $2,500
(Being the cost of goods sold is recorded)
For recording this we debited the cost of goods sold as it increased expenses and credited the inventory as it reduced the assets
On April 2
Merchandise Inventory Dr $8,000
To Account payable $8,000
(Being the purchase of merchandise is recorded)
For recording this we debited the inventory as it increased the assets and credited the account payable as it also increased the liabilities
On April 4
Merchandise Inventory Dr $1,000
To Account payable $1,000
(Being the purchase of merchandise is recorded)
For recording this we debited the inventory as it increased the assets and credited the account payable as it also increased the liabilities
On April 10
Cash $3,920
Sales discount $80 ($4,000 × 2%)
To Account receivable $4,000
(Being the cash receipts is recorded)
For recording this we debited the cash as it increased the assets and credited the account receivable as it reduced the assets plus the discount is debited to sales discount
On April 11
Account payable $8,000
To Merchandise inventory $80 ($8,000 × 1%)
To Cash $7,920
(Being the cash paid is recorded)
For recording this we debited the account payable as it reduced the liabilities and credited the cash as it reduced the assets plus the discount is credited to merchandise inventory
The transactions are journalized by debiting and crediting various accounts such as Accounts Receivable, Sales, Cost of Goods Sold, Inventory, and Accounts Payable. An example is the April 1st transaction, where $4,000 is debited to Accounts Receivable and credited to Sales, and $2,500 is debited to COGS and credited to Inventory.
Explanation:The process of recording these transactions into the official accounting records of the Leiss Company is known as journalizing. Here are the entries for April
April 1: Debit Accounts Receivable $4,000, Credit Sales $4,000. Debit Cost of Goods Sold (COGS) $2,500, Credit Inventory $2,500.April 2: Debit Inventory $8,000, Credit Accounts Payable $8,000.April 4: Debit Inventory $1,000, Credit Accounts Payable $1,000.April 10: Debit Cash $3,920 ($4,000 less 2% discount of $80), Debit Sales Discounts $80, Credit Accounts Receivable $4,000.April 11: Debit Accounts Payable $8,000, Credit Cash $8,000.Learn more about Journalizing here:https://brainly.com/question/31718461
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What is the best approach to use when writing a proposal that is unsolicited?
A: direct approach
B: formal approach
C: persuasive approach
D: cautious approach
Answer:
C, persuasive approach
Explanation:
If the proposal is solicited, approach the letter of transmittal as a positive message, highlighting those aspects of that may give you a competitive advantage. - If the proposal is unsolicited, approach the letter as a persuasive message that must convince the reader that you have something worthwhile to offer.
The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months follows: Each cushion requires 2 pounds of the foam used as stuffing. The company has a policy that the ending inventory of foam each month must be equal to 30% of the following month's expected production needs. How many pounds of foam does The Porch Cushion Company need to purchase in August?
Answer: 25,200 pounds
Explanation:
Your question is incomplete as it lacked the first part. I attached a completion that I found.
The company has a policy that the ending inventory of foam each month must be equal to 30% of the following month's expected production needs.
This means that in August, the Opening inventory will be 30% of what was is needed in August and the Closing Inventory will be 30% of what is needed in September.
Remember that each cushion requires 2 pounds of foam as stuffing.
Pounds required in August
= 12,000 cushions * 2
= 24,000 pounds
Opening Stock
= 30% * (12,000 * 2)
= 7,200 pounds
Closing stock
= 30% * ( 14,000 * 2)
= 8,400 pounds.
Foam needed to be purchased in August = Pounds required tonbe produced + Closing Stock - Opening Stock
= 24,000 + 8,400 - 7,200
= 25,200
25,200 pounds of foam are what The Porch Cushion Company needs to purchase in August.
On January 1, 2021, Julee Enterprises borrows $39,000 to purchase a new Toyota Highlander by agreeing to a 6%, 4-year note with the bank. Payments of $915.92 are due at the end of each month with the first installment due on January 31, 2021. Record the issuance of the note payable and the first two monthly payments. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answer:
The answer
January 1.
Dr Cash $39,000
Cr Notes Payable $39,000
January 31
Dr Interest Expense $195
Dr Notes Payable $720.92
Cr Cash $915.92
February 28
Dr Interest Expense $191.40
Dr Notes Payable $724.52
Cr Cash $915.92
Explanation:
Annual Interest on the notes is $2,340(6% of $39,000)
Monthly interest will therefore be $195($2,340 ÷12 months)
Notes payable is $720.92($915.92 - $195)
For second month
$39,000 - $720.92 =$38,279.08
($38,279.08 x 0.06) ÷ 12 = $191.40
January 1.
Dr Cash $39,000
Cr Notes Payable $39,000
January 31
Dr Interest Expense $195
Dr Notes Payable $720.92
Cr Cash $915.92
February 28
Dr Interest Expense $191.40
Dr Notes Payable $724.52
Cr Cash $915.92
Question 43 Big Moose Toys is a market pioneer introducing a modern version of Bubble the Moose, a character from an animated television series originally broadcast in the '50s and '60s. The company's version of Sandy the Flying Squirrel, a character from the show targeted to baby boomers, was a strong success. Since the firm is a market pioneer, it needs to make the new launch strategy for Bubble the Moose consistent with the intended ________. A. Pricing B. Product positioning C. Brand extension D. Prototype E. Fad
Answer: B. Product positioning
Explanation:
Product Positioning refers to the position a product occupies in the minds of it's consumers especially in relation to the products of other companies.
As they are relaunching the character, whatever strategy they use needs to account for how they want the product to be valued in the mind of the consumer and then act towards it in the same way they targeted baby boomers and succeeded.
Company had 50,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 20,000 shares of common stock. The company had outstanding fully vested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives. The average market price of common stock was $12. The company reported net income in the amount of $269,915 for 2021. What is the basic earnings per share (rounded)?
Answer:
$4.15
Explanation:
Net income $269,915
Shares of common stock outstanding 50,000
Shares of common stock 20,000
Hence:
$269,915/(50,000 + (20,000 × 9/12)
=$269,915/50,000+15,000
=$269,915/65,000
= $4.15
Therefore the basic earnings per share (rounded) is $4.15
The Atlantic City Expressway is a highway that runs from outside Philadelphia to Atlantic City, New Jersey. It is notoriously congested during the summer weekends when many people are driving to the beach about the same time. Because drivers who decide to take this road ignore the impact of their driving on overall traffic congestion the result is ________ cars on the road than the efficient number of cars and a deadweight loss is ________.
Answer:
more, created
Explanation:
In simple words, A negative externalize or dead weight loss relates to the expense to economy that is caused by market mismanagement, when market forces go out of balance. Primarily utilized in economics, the loss of dead weight may be extended to any deficit induced by inadequate prioritization
In the given case, the cars on the road are more than the handling capacity thus, it will obviously result in dead weight loss. .
The Atlantic City Expressway experiences a negative externality during peak travel times as more cars on the road than the efficient number lead to increased traffic congestion and a deadweight loss.
Explanation:The scenario described with the Atlantic City Expressway during summer weekends is an example of a market inefficiency known as a negative externality. When individual drivers choose to drive to the beach, they ignore the impact of their driving on the overall traffic congestion.
This behavior typically results in more cars on the road than would be considered efficient, as each driver does not account for the congestion they add to the road. Consequently, there is a deadweight loss, which is an indication of inefficient resource allocation, leading to a loss of societal welfare.
Such negative externalities can occur when the interstate highway system fails to account for the social costs of congestion, thus leading to overuse and traffic jams. While toll roads aim to offset the cost of the construction and maintenance of roads, they may not always be efficient due to the high cost of collection and the resulting stop-and-go traffic, which itself can contribute to congestion.
As cities and suburbs grow and more people rely on cars, the federal interstate system faces increased pressure. Policies to manage traffic and to fund infrastructure may not always keep up with this growth, exacerbating the issues of congestion, as seen in busy regions such as Washington, D.C., or the urban centers of India. The inefficiencies described lead to higher levels of pollutants, fuel consumption, commutes, and overall societal costs.
_______________________________ can set the stage for international financial investors first to send their funds to a country and cause an appreciation of its exchange rate and then to pull their funds out and cause a depreciation of the exchange rate and a financial crisis as well.
Answer:
Trade balance
Explanation:
A positive trade balance will result in currency appreciation because more goods are exported than imported, which means that there is a net inflow of the home country's currency, increasing its value against foreign currency.
This can lead first to more foreign direct investment because a trade balance is a sign of a strong economy, however, in the long run there can be a radical change in the business cycle: the appreciated currency will make the home country's goods more expensive, reducing the demand for them abroad, in turn decreasing exports, turning the trade balance into negative numbers, and causing a net ouflow of foreign direct invesment due to the weaker economy, and the capital losses because of the currency depreciation.
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,400 units): Direct materials $172,600 Direct labor 232,000 Variable factory overhead 266,700 Fixed factory overhead 90,000 $761,300 Operating expenses: Variable operating expenses $124,000 Fixed operating expenses 47,100 171,100 If 1,900 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is
Answer:
The amount of inventory that would be reported on the absorption costing balance sheet is $70,905
Explanation:
In order to Calculate the amount of inventory under absorption Costing to be reported on the balance sheet, we would have to use the following formula:
amount of inventory under absorption Costing = (Direct materials+Direct labor+Variable factory overhead+ Fixed factory overhead)/ (Production costs units)×units remain unsold
amount of inventory under absorption Costing =($761,300/20,400)×1,900
amount of inventory under absorption Costing = $70,905
The amount of inventory that would be reported on the absorption costing balance sheet is $70,905
Regulatory focus theory suggests that ____.consumers will react differently depending on which broad set of motives is most inconspicuouswhen prevention-focused motives are less salient, consumers seek to avoid negative outcomeswhen promotion-focused motives are less salient, consumers seek to gain positive outcomesconsumers will react differently depending on which broad set of motives is most salientwhen promotion-focused motives are most salient, consumers are less eager and less risk-seeking decision makers
Answer:
The correct answer is consumers will react differently depending on which broad set of motives is most salient.
Explanation:
All of us as consumers always try to implement different strategies when obtaining a product.
This has an impact on the reasons why people react to a stimulus and make decisions when choosing a product.
Consumers can react in various ways, positively or negatively. Regulatory focus theory suggests that consumers will react differently depending on which broad set of motives is most salient.
That is to say that the decision of a consumer when choosing a product will be positively influenced if the reasons are more prominent, since they will appeal to their emotions and their decision will be made quickly and accurately.
Palante actually produced 8,000 units. The controller decided to compare their actual results to their budget. The following budget information is available: Expected Costs and Selling Price Based on 5,000 units: Variable manufacturing costs per unit $50 Fixed manufacturing costs per unit $20 Selling price per unit $80 Expected production level 5,000 units In the flexible budget, what is the total manufacturing cost? Group of answer choices $560,000 $80,000 $400,000 $500,000 $350,000
Answer:
$500,000
Explanation:
The computation of total manufacturing cost is shown below:-
Flexible Budget Manufacturing Cost = Variable cost of Manufacturing at actual units + Estimated Fixed Manufacturing Costs at the budgeted Units
= (8,000 Units × $50 per unit) + (5,000 Units × $20 per unit)
= 400,000 + 100,000
= $500,000
So, for computing the Flexible Budget Manufacturing Cost we simply applied the above formula.
Nvidia Corporation, a global technology company located in Santa Clara, California, reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance sheets Property, plant, and equipment (net) $ 521 $ 466 Income statement Net sales for 2017 $ 6,910 Required: 1. Calculate the company’s 2017 fixed-asset turnover ratio
Final answer:
The fixed-asset turnover ratio for Nvidia Corporation in 2017 is calculated by dividing its net sales of $6,910 million by the average net PP&E of $493.5 million, resulting in a ratio of approximately 14.01.
Explanation:
To calculate the fixed-asset turnover ratio for Nvidia Corporation in 2017, we divide the net sales by the average net value of property, plant, and equipment (PP&E) for the year. The formula for the fixed-asset turnover ratio is Net Sales / Average Net Fixed Assets. We can use the net values of PP&E for 2017 and 2016 to find the average.
First, we calculate the average net PP&E:
Average Net PP&E = (PP&E at the beginning of the year + PP&E at the end of the year) / 2 = ($466 + $521) / 2 = $493.5 million
Next, we use the formula to find the fixed-asset turnover ratio:
Fixed-Asset Turnover Ratio = Net Sales / Average Net PP&E = $6,910 million / $493.5 million ≈ 14.01
The fixed-asset turnover ratio for Nvidia Corporation in 2017 is approximately 14.01.
Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data: ($ in thousands) E-Travel Pricecheck Total assets $ 5,337,156 $ 1,730,224 Total liabilities 2,854,475 472,610 Total stockholders’ equity 2,482,681 1,257,614 Sales revenue $ 2,755,426 $ 2,138,212 Interest expense 80,233 20,084 Tax expense 146,400 43,168 Net income 291,526 481,472 Required: 1-a. Calculate the debt to equity ratio for E-Travel and Pricecheck. (Enter dollar answers using amounts given in thousands of dollars and round ratios to 2 decimal places.)
Answer:
E-travel-1.15
Pricecheck-0.38
Explanation:
Debt to equity ratio compares the finance provided by outsiders viz-a-viz that which is provided by the original owners of the company,the shareholders, in order to determine whether or not the company is at risk of slow growth if outsiders withdraw their funds.
Debt to equity=total liabilities/equity
E-Travel:
total liabilities is $2,854,475
total equity $2,482,681
debt-equity ratio=$2,854,475/$2,482,681=1.15
Debtholders provided more capital funding than the stockholders
Pricecheck:
total liabilities is $472,610
total equity is $1,257,614
debt-to-equity ratio=$472,610/$1,257,614 =0.38
The debt to equity ratio for E-Travel is 1.15, and for Pricecheck, it is 0.38. This ratio measures a company's financial leverage by comparing its total liabilities to its shareholders' equity, indicating how much debt the company has used to finance its assets relative to the value of shareholders' equity.
Explanation:The debt to equity ratio is a financial metric that assesses a company's financial leverage by comparing its total liabilities to its shareholders' equity. For E-Travel, the calculation is as follows:
Debt to Equity Ratio = Total Liabilities / Total Stockholders' Equity
= $2,854,475 / $2,482,681 = 1.15 (rounded to two decimal places)
For Pricecheck, the calculation is:
Debt to Equity Ratio = Total Liabilities / Total Stockholders' Equity
= $472,610 / $1,257,614 = 0.38 (rounded to two decimal places)
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-g LotsofDebt, Inc. and Lots of Equity, Inc., both of which operate in the same industry. LotsofDebt, Inc. finances its $34.75 million in assets with $31.25 million in debt and $3.50 million in equity. Lots of Equity, Inc. finances its $34.75 million in assets with $3.50 million in debt and $31.25 million in equity. Calculate the debt ratio,-g You are considering a stock investment in one of two firms (LotsofDebt, Inc. and Lots of Equity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $34.75 million in assets with $31.25 million in debt and $3.50 million in equity. Lots of Equity, Inc. finances its $34.75 million in assets with $3.50 million in debt and $31.25 million in equity. Calculate the debt ratio
Answer:
Lots of debt = 89.93%
Lots of equity = 10.07%
Explanation:
The calculation of debt ratio of Lots of debt and Lots of equity is given below:-
Debt Ratio = Debt ÷ Total assets
Lots of debt = Debt ÷ Total Assets
= $31.25 million ÷ $34.75 million
= 89.93%
Lots of equity = Equity ÷ Assets
= $3.50 million ÷ $34.75 million
=10.07%
Therefore for computing the debt ratio of Lots of debt and Lots of equity we simply applied the above formula.