6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply. Funds spent by city governments to renovate their buildings The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The costs of air and water pollution The variety of goods available to consumers When a U.S. company purchases and imports automotive parts from Canada to use to build cars within the United States, this purchase increases the component of GDP while also net exports by the same amount. Therefore, the purchase of automotive parts from Canada causes in US GDP.

Answers

Answer 1

Answer:

The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

The costs of air and water pollution

The variety of goods available to consumers

It increases investment spending by businesses

Decreasing net export

No change

Explanation:

Gross domestic product is the sum of the goods and services produced in an economy within a given period which is usually a year.

Gross domestic product calculated using the expenditure approach = Consumption spending + Investment spending + net export + government spending

Items not included in the calculation of GDP:

1. Intermediate goods

2. Externalities e.g. pollution

3. Measures of welfare available to individuals

4. Transactions not reported to the government.

Funds spent by city governments to renovate their buildings are included in GDP as part of investment spending.

Purchase of automative parts would be included in GDP as part of investment spending. So investment spending would rise. Also, it would be recorded as an import and import is a negative function of GDP and thus net export would decrease . As a result, the increase in investment spending would be offset by the decrease in net export and there would be no change in GDP

I hope my answer helps you


Related Questions

Quality Jewelers uses the perpetual inventory system. On April 2, Quality sold merchandise for $50,000 to a customer on account with terms of 3/15, n/30. The allowances and returns on this sale amounted to $3,000 and $9,000, respectively. The cost of goods sold was $20,000. On April 20, Quality received payment from the customer. Calculate the amount of gross profit.

Answers

Answer:

The Gross profit is $18,000

Explanation:

In order to calculate the amount of gross profit we would have to make the following calculation:

Gross Profit = Sale - Allowance - Sales Returns - Discount - Cost of Goods Sold

Sale=$50,000

Allowance=$3,000

Sales Returns=$9,000

Cost of Goods Sold =$20,000

Discount. As the payment is done after the expiry of 15 days is discount is 0

Gross Profit= $50,000 - $3,000 - $9,000 - 0 - $20,000

Gross Profit= $18,000

The Gross profit is $18,000

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:
Claimjumper Makeover Total
Sales $106,000 $53,000 $159,000
Variable expenses 32,800 6,950 39,750
Contribution margin $73,200 $46,050 119,250
Fixed expenses 82,575
Net operating income $36,675
Requirement:
1: Compute the overall contribution margin (CM) ratio for the company.
2: Compute the overall break-even point for the company in sales dollars.
3: Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products.

Answers

Answer and Explanation:

1. The computation of overall contribution margin ratio is shown below:-

Overall contribution margin ratio = Total contribution ÷ Total sales

= $119,250 ÷ $159,000  

= 75%

2. The computation of overall break-even point for the company in sales is shown below:-

Overall Break even = Fixed costs ÷ Contribution margin  

= $82,575 ÷ 75%

= $110,100

3. The overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products is shown below:-

here, Sales at Break even in the ratio will be 2:1

Particulars      Claimjumper       Makeover        Total  

Sales                $106,000               $53000      $159,000

($106,000 ÷ $159,000 × $110,100)   ($53,000 ÷ $159,000 × $110,100)    

Break even

sales                  $73,400                $36,700        $110,100

Particulars              Claimjumper       Makeover        Total

Sales                        $73,400             $36,700        $110,100

Variable expense     $22,712              $4,813           $27,525

Contribution margin  $50,688             $31,887       $82,575

Fixed expense                                                             $82,575

Net operating income                                                    0

Working Note

Variable expense for Claimjumper = Variable expenses ÷ Sales × Break even sales

= $32,800 ÷ $106,000 × $73,400

= $22,712  

Variable expense for  Makeover = Variable expenses ÷ Sales × Break even sales

= $6,950 ÷ $53,000 × $36,700

= $4,813

An all-equity business has 100 million shares outstanding selling for $20 a share. Management believes that interest rates are unreasonably low and decides to execute a leveraged recapitalization (a recap). It will raise $1 billion in debt and repurchase 50 million shares. a. What is the market value of the firm prior to the recap? What is the market value of equity? b. Assuming the Irrelevance Proposition holds, what is the market value of the firm after the recap? What is the market value of equity? c. Do equity shareholders appear to have gained or lost as a result of the recap? Please explain. d. Assume now that the recap increases total firm cash flows, which adds $100 million to the value of the firm. Now what is the market value of the firm? What is the market value of equity? e. Do equity shareholders appear to have gained or lost as a result of the recap in this revised scenario?

Answers

Answer:

a) Market Value = $100 million × $20 = $2,000 million = $2 billion

Market value of equity would remain same = $2 billion

b) Market value would remain same after recap. Only market capitalization would reduce to half.

Market value of equity = 1 billion

c) Buying back shares increases the stock price which demonstrates the faith of the company in its work. But creditors have capital gains.

d) After recap and cash flow firm total value has increased to $2 billion + $100 Million = $2.1 billion and market value of equity has increased from $20 to $22 . ($1000 + $100)/50 = $22.

e) Equity shareholders have gained due to increase in there share value

Explanation:

If your risk-aversion coefficient is A = 4.4 and you believe that the entire 1926–2015 period is representative of future expected performance, what fraction of your portfolio should be allocated to T-bills and what fraction to equity? Assume your utility function is U = E(r) – 0.5 × Aσ2

Answers

Answer:

=> fraction of the portfolio that should be allocated to T-bills = 0.4482 = 44.82%.

=> fraction to equity = 0.5518 = 55.18%.

Explanation:

So, in this question or problem we are given the following parameters or data or information which are; that the utility function is U = E(r) – 0.5 × Aσ2 and the risk-aversion coefficient is A = 4.4.

The fraction of the portfolio that should be allocated to T-bills and its equivalent fraction to equity can be calculated by using the formula below;

The first step is to determine or Calculate the value of fraction to equity.

Hence, the fraction to equity = risk premium/(market standard deviation)^2 - risk aversion.

= 8.10% ÷ [(20.48%)^2 × 3.5 = 0.5518.

Therefore, the value for fraction of the portfolio that should be allocated to T-bills = 1 - fraction to equity = 1 - 0.5518 =0.4482 .

A worker can choose high (H) or low (L) effort. If the worker chooses high effort, she incurs a personal cost of 1. In this case, output is high with probability one. If the worker chooses low effort, she incurs a personal cost of 0. In this case, output is low with probability one. When output is high, the firm receives revenue of O and zero otherwise. Can the same outcome be achieved when effort is unobservable?
A. Yes, because the firm would find it wothwhile to pay the bonus for high effort.
B. No, because for any bonus offered, the worker will claim to have exerted high effort.
C. No, because the firm has to pay the bonus based on output.
D. Yes, because effort can be perfectly inferred from output, which is observable.

Answers

Answer:

B. No, because for any bonus offered, the worker will claim to have exerted high effort.

Explanation:

This question required some basic reasoning about how human beings function. We all like to receive things from others, and if they are free (or without cost or effort) the more we like them. And we all believe that good things should happen to us and that we are entitled to receive good things. That is the basic reason why jealousy and envy exist.

Now, back to our case. If the company simply hands out bonuses to everyone regardless of their personal effort, every single worker will be convinced that they really deserve the bonus. Even if the worker didn't even try to do his best or didn't do anything right at all, he/she will be convinced that they deserve the bonus. Each and every single worker will claim that the reason they are receiving the bonus is due to their work. Everyone will say that they worked hard and their work was good.

Imagine this happened at school. One day, the teacher decides to give As to half the class in alphabetical order (or any other random way). The half that got the As will believe that they deserved the As while the other half will be very unhappy. If everyone got As, then everyone will be convinced that thy got As because they deserved them.

you work at an electronYou work at a local electronics store, Electronics Warehouse. While you are working you spot a customer who appears to place something into their backpack (which you think is an item they haven't paid for). Before they exit the store you yell "STOP THAT THIEF" and another employee tackles the customer at the exit. When the customer is tackled he injures his knee and is spotted by his current boss. You and the employee escort the customer back to the security office and rummage through his backpack, but unfortunately you don't find any evidence that something was stolen, so you release the customer and apologize for the mix-up. The next day the customer returns to his job and is fired for being "a thief" by his boss who witnessed the events at the electronics store the day before. a. Explain in detail what tort theories the customer can sue the Electronics Warehouse. Would he be successful? b. Can you or the other employee be sued for a tort? If so, what tort(s)? c. What defenses would the Electronics Warehouse raise? Would they be successful?

Answers

Answer: The answers are provided below

Explanation:

a. Yes, the customer can sue the Electronics warehouse. The customer was wrongly accused of stealing and was called a thief in front of everyone present in the store. In this case, the customer has lost his reputation.

The customer can be successful because he was called a thief which he wasn't. He got injured due to this and also lost his job. This is a serious misconduct and offense and the customer can be successful if he sue the Electronics company.

b. Yes, the employee and I can be sued for tort as we called him a thief without investigation and injured him. This has led to a big harm for the customer who lost his job due to this issue. With the illegal approach, both the employee and the electronic store can face the legal proceedings asnthey can be sued for major loss for the customer.

c. The Electronic Warehouse can raise the defense that they have apologized to the customer and they can also say that they took the measure to protect their stores from theft.

No, they can't be successful as they easily stop the customer without tackling him and making a mockery of him by calling him a thief. He also lost his job due to this. Hence, this is a serious issue that has created emotional and financial damage for the customer.

Your grandparents would like to establish a trust fund that will pay you and your heirs $130,000 per year forever with the first payment one year from today. If the trust fund earns an annual return of 2.5 percent, how much must your grandparents deposit today

Answers

Answer:

My grandparents deposit $5200000 today.

Explanation:

The annual return earned by trust fund = $2.5 percent

It is given that the trust will pay annually a certain amount for infinite period so annual pay  = $130000 per year.

Now we have to calculate the invested or deposited amount by grandparents today.

The present value of future constant annual payment over infinite period = (P/A, i%, n = infinity) or 1 / i%

The amount that should be deposited today :

[tex]= 130000 \times \frac{1}{2.5 \ percent} \\= 5200000[/tex]

In 2021, the Marion Company purchased land containing a mineral mine for $1,150,000. Additional costs of $448,000 were incurred to develop the mine. Geologists estimated that 310,000 tons of ore would be extracted. After the ore is removed, the land will have a resale value of $110,000.

To aid in the extraction, Marion built various structures and small storage buildings on the site at a cost of $102,300. These structures have a useful life of 10 years. The structures cannot be moved after the ore has been removed and will be left at the site. In addition, new equipment costing $51,500 was purchased and installed at the site. Marion does not plan to move the equipment to another site, but estimates that it can be sold at auction for $5,000 after the mining project is completed.

In 2021, 41,000 tons of ore were extracted and sold. In 2022, the estimate of total tons of ore in the mine was revised from 310,000 to 397,500. During 2019, 71,000 tons were extracted, of which 51,000 tons were sold.

Required:

a. Compute depletion and depreciation of the mine and the mining facilities and equipment for 2018 and 2019. Marion uses the units-of-production method to determine depreciation on mining facilities and equipment.
b. Compute the book value of the mineral mine, structures, and equipment as of December 31, 2019.

Answers

Answer:

Marion Company

a1) Depletion of the Mine for two years:

2018: 41,000/310,000 * $1,488,000 = $196,800

2019: 51,000/397,500 * $1,488,000 = $190,913

a2) Depreciation of Mining Facilities:

2018: 41,000/310,000 *$102,300 = $13,530

2019: 51,000/397,500 * $102,300 = $13,125

a3) Depreciation of Mining Equipment

2018: 41,000/310,000 *$46,500 = $6,150

2018: 51,000/397,500 * $46,500 = $5,966

b) Book Values December 31, 2019:

1) Mineral Mine:

Cost = $1,598,000

Accumulated Depletion $387,713 (2018 & 2019)

Book Value = $1,210,287

b2) Structures:

Cost = $102,300

Accumulated Depreciation $26,655 (2018 & 2019)

Book Value = $75,645

b3) Equipment:

Cost = $51,500

Accumulated Depreciation $12,116

Book Value = $39,384

Explanation:

a) Cost of Mine:

Land              $1,150,000

Development $448,000

Less Resale    ($110,000)

Total cost =  $1,488,000

b) Cost of Facilities or Structure:

Building cost = $102,300

c) Cost of Equipment = $51,500 - $5,000 = $46,500

d) Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources.  It is like depreciation and amortization, which lower the cost value of an asset incrementally through periodic charges to income.

e) Depreciation is an accounting method for allocating the cost (the value used up) of a tangible or physical asset over its useful life.

Consider the following data for the United​ States: Year Real GDP ​($ billion) 20172017 18 comma 108.118,108.1 20182018 18 comma 638.218,638.2 ​*Real-time data provided by Federal Reserve Economic Data​ (FRED), Federal Reserve Bank of Saint Louis. The percentage change in real GDP from 20172017 to 20182018equals= 2.932.93​%. ​(Enter your response rounded to two decimal places and include a minus sign if necessary.​) This percentage change in real GDP is also known as

Answers

Answer:

The percentage change in real GDP is 2.93%

Real economic growth rate

Explanation:

The percentage in real GDP between year 2017 and 2018 can be computed using the below formula:

% change in real GDP=2018 real GDP-2017 real GDP/2017 real GDP

2017 real GDP is 18,108.1

2018 real GDP is 18,638.2

% change in real GDP=(18,638.2- 18,108.1)/ 18,108.1=2.93%

This percentage change in real GDP is also known as real economic growth rate.Economic growth rate is the rate of improvement in the economy with respect to additional value-adding goods and services produced by an economy with viz-a-viz the prior year

Writers should use words carefully and construct sentences skillfully to emphasize main ideas and de-emphasize minor ideas. Choose the best response. Which of the following labels the main idea for the reader?
a. Janes needs to proofread the proposal and changes need to be made
b. First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal.

Answers

Answer:

Option b is correct.

Explanation:

The statement in option ''b" is the correct option for laying emphasis on the main idea and de-emphasizing the minor ideas, that is;

"First, please make the changes to the second section of the proposal changes, and then have Jane proofread the entire proposal."

The above statement is a detailed one and shows the step by step instructions or requirements;

1." First, please make the changes to the SECOND SECTION of the proposal changes.''

The SECOND SECTION the writer mentioned lay emphasis on the second section of the proposal CHANGES AND NOT THE WHOLE.

2. "and then have Jane proofread the ENTIRE proposal"

The writer wants Jane to do the PROOFREADING of the ENTIRE proposal.

On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on this date was $470,000. Inventory data for 2021 through 2023 are as follows:
Date Ending Inventory at Year-End Costs Cost Index
12/31/2021 $391,400 1.03
12/31/2022 454,250 1.15
12/31/2023 477,400 1.24
Required: Calculate Taylor's ending inventory for 2021, 2022, and 2023.

Answers

Answer:

Taylor Company ending inventories are

2021= $380600

2022= $397850

2023= $386350

Explanation:

Kindly check attached pdf for the computation of the solution

Constable Co. reported the following information at December 31, Year 1: Accounts Payable $ 6,750 Accounts Receivable 14,025 Cash 35,235 Common Stock 135,000 Equipment 74,250 Inventory 46,800 Notes Payable due December 31, Year 3 3,750 Retained Earnings, December 31, Year 1 21,135 Wages Payable 3,675 What is the amount of current assets on the classified balance sheet? Multiple Choice $123,255 $96,060 $170,310 $49,260

Answers

Answer:

$ 96,060

Explanation:

The current assets are accounts receivable,cash and inventory.

The are short term assets that are used in settling short term obligations such as accounts payable  and salaries payable.

Accounts receivable amounted to $14,025

Cash amount is $35,235

Inventory is worth $46,800

Current assets value=$14,025+$35,235+$46,800=$ 96,060.00  

The correct option is the second one with amount of $ 96,060 for current assets

An ad for Kool Kids, a kidswear company, is featured in the August issue of a teen magazine, Teen 360. The ad shows children between the ages of 3 and 12 on a ramp. In terms of the response stages of the persuasion matrix, the ad is ineffective in reaching the intended target audience, the parents, because:_________.
a. its portrayal is offensive.
b. it contains jargons that is incomprehensible to the target audience.
c. the media channel used is inappropriate.
d. of the extensive clutter.
e. it is not endorsed by a celebrity parent.

Answers

Answer:

c. the media channel used is inappropriate.

Explanation:

In the advert been shown, naturally as it is been stated to be that which has to portray or exhibit the qualities of a cool kid. And as a cool kid, as the words align, their could be other forms of play or kid plays to be done to qualify a child within the range of 3 to 13 as a cool kid. Therefore at the end of the day and session, it could easily be concluded that the media channel obviously inappropriate approach to their in their advertisement. It is looks a little weird because a ramp usage can be seen in scenarios where maybe stubborn or rough children are been gathered or play together at.

The following transactions occur for Badger Biking Company during the month of June:

a. Provide services to customers on account for $36,000.
b. Receive cash of $28,000 from customers in (a) above.
c. Purchase bike equipment by signing a note with the bank for $21,000.
d. Pay utilities of $3,600 for the current month.

Required:
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.

Answers

Answer:

A pdf file is attached to show the effect of each transaction on accounting equation, Please find it.

Explanation:

Accounting equation is

Assets = Equity + Liabilities

a.

The services are performed on account means that the revenue of $36,000 is recorded against the receivable of the same value.

b.

Receiving cash will increases the cash balance as an asset and reduces the  receivable value.

c.

Bike Equipment are assets and it will increase the value of assets and Note payable is a liability instrument which will increase the liabilities.

d.

Utilities payment will decrease the cash in the assets section and reduce the equity balance as an expense.

Prince Electronics, a manufacturer of consumer electronic goods, has five distribution centers in different regions of the country. For one of its products, a highspeed modem priced at $330 per unit, the average weekly demand at each distribution center is 70 units. Average shipment size to each distribution center is 350 units, and average lead time for delivery is 2 weeks. Each distribution center carries 2 weeks' supply as safety stock but holds no anticipatory inventory.a. On average, how many dollars of pipeline inventory will be in transit to each distribution center?b. How much total inventory (cycle, safety, and pipeline) does Prince hold for all five distribution centers?

Answers

Answer:

a. $231,000

b. 2,450 units

Explanation:

a. On average, how many dollars of pipeline inventory will be in transit to each distribution center?

This is the inventory level that has to be in transit every 2 weeks in order to meet average demand. This can be calculated as follows:

Pipeline inventory = Number of distribution centers * Price per unit * Average weekly demand * Average delivery lead time = 5 * $330 * 70 * 2 = $231,000.

Therefore, the dollars of pipeline inventory that will be in transit to each distribution center is $231,000.

b. How much total inventory (cycle, safety, and pipeline) does Prince hold for all five distribution centers?

Inventory in hand = Average shipment size *  Number of distribution centers = 350 * 5 = 1,750

Safety inventory = Number of distribution centers * Average weekly demand * Average delivery lead time = 5 * 70 * 2 = 700

Note: Safety inventory is the inventory held in the store for the purpose of meeting rise in demand or for overcoming delay in supply.

Inventory cycle = Inventory in hand - safety inventory = 1,750 - 700 = 1,050

Pipeline inventory = Number of distribution centers * Average weekly demand * Average delivery lead time = 5 * 70 * 2 = 700

Total inventory held = Inventory cycle + Safety inventory + Pipeline inventory = 1,050 + 700 + 700 = 2,450 units.

Therefore, the total inventory (cycle, safety, and pipeline) Prince holds for all five distribution centers is 2,450 units.

To sum up international trade theory, we can say that the primary reason for trade is

Answers

Answer:

The primary reason for trade is for the economic development of a country.

Explanation:

Trade makes a significant and necessary contribution to the economy and the country's development particularly in underdeveloped countries. The rapid progress of underdeveloped countries in the Industrial field is due to their exports. In most countries, such would represent a significant share of their gross domestic product (GDP).

The concept of --------, while not mentioned in the U.S. Constitution, is an important part of our legal system.

Answers

Answer:

judicial review,

Explanation:

research lol

Nash's Trading Post, LLC issued a five-year interest-bearing note payable for $222000 on January 1, 2019. Each January the company is required to pay $44000 on the note. How will this note be reported on the December 31, 2020, balance sheet

Answers

Answer:

balance sheet

liabilities

note payables (current portion) 44,000

non-current liabilities

long-term note payable   178,000

Explanation:

On December 31,2020 there will be a portion of the note that will be declared as current liability while another non-current as within 12-months there is payment due (to be more precise next day after the balance close)

Thus 222,000 - 44,000 = 178,000 long-term

while the 44,000 are declared short-term

assume yourself as a marketing specialist of a company and determine the new product development process by manufacturing a new product for your company ??

anyone have answere ?

Answers

Answer:

The Productisation produce is:

1. Ideation/Conceptualisation

This has to do with the generation of a product or service idea;

2. Research / Concept Testing Stage / Analysis

This stage has to do with the research around the idea to determine the availability of market for the product, size and target segment within the market, Growth Potential, competition analysis and current and potential issues that may arise due to the creation of the product;

As a substage of the research phase, a business analysis of the viability of the product is also carried out. this will entail  

Cost-Benefit Analysis Resources Required Capital Expenses Profitability/Margin Anticipated Sales

3.    Design/Creation of Prototype/Development

For physical products, this stage will look at on-paper design from which a prototype will be created.

After testing to ensure that the prototype works, it is then sent for development. This stage also involves market tests.

4. Launch

This is the final stage of the product development process.

It entails all the go-to-market activities such as market plan execution, sales/production training, execution of distribution plan.

It is possible at this stage to still collect product-related feedback from the market for consideration in the upgrade version of the product to be launched at a later date.

Cheers!

Chow Publications Inc. is a publicly traded media company focused on products for the home chef market. The company publishes a monthly magazine that can be purchased at newsstands and is available for annual subscriptions (either paper copy or digital copy). Chow Publications sells annual subscriptions for S50 (paper copies) or $40 (digital copies). Subscriptions are paid in advance and are non-cancellable. Chow sold for cash 1 15,000 subscriptions on December 1, 2020, of which 30% were digital subscriptions. Single issues can be purchased on newsstands. Chow Publications uses various magazine distributors across Canada to rack it at newsstands, charging the newstands $5 per copy Normally 25,000 copies are sent out each month, with 15% of these being returned unsold. Of the 25,000 magazines sent out in December 2020, all were sold on account, and none of the returned magazines are expected to be resold and, as a result, are sent to recycling. Unsold nagazines are returned by newstands in the following month.
Required
a. Determine how much revenue Chow Publications would be able to recognize in December 2020. Use the five-step model for revenuc recognition in preparing your responsc. Round the per magazine price to three decimal places. ic. S4.965
b. Prepare the required summary journal entries for the contract based on your analysis in part "a."

Answers

Answer:

A. $575,415.67

B.

Dr Cash $575,415.67

Cr Revenue from sales $575,415.67

Explanation:

Chow Publications Inc

A.

Revenue recognition it stated that a five step model is been developed to help recognized the revenue from sale of goods and service to customer which is why revenue should be recognized by

1. Identify the contract with customer in which both the seller and buyer are agreed for the contract and must know their rights and obligation in the contracts.

2. Obligation of performance in contract : In above contract the seller know that he has to deliver the content of magazine and the buyer as well know the price for such goods.

The $ 115,000 subscription received are:

$80,500 for paper form and $34500 for digital form and $25,000 copied are been sold out at news stands.

3. Determine the transaction price in which $50 is for the paper copy and $40 is for the digital copy and $ 5 is for copy which is sold at news Stands.

4. Allocation of transaction price to performance obligation will be by calculating the revenue from the transaction and by applying the rate of performance obligation which is why the Total revenue was $ 575,416.67.

5. Recognizing the revenue in the books occured in a situation where the risk and rewards which relate to the ownership of the goods has been passed which led to the customer been satisfied which inturn means that there is no uncertainty regarding the creation of performance obligation on buyer.

Chow Publications Inc

A.

Total Revenue

Online subscription

Paper form $335,415.67

Online form $115,000.00

$450,415.67

Add Copy at News Stand $125,000

Total $575,415.67

B. Journal entry

Dr Cash $575,415.67

Cr Revenue from sales $575,415.67

Monthly share in Annual Revenue

Annual rate Monthly rate

Paper form $50 4.17

Digital rate $40 3.33

Distribution of subscription total received $115,000

Paper rate 70% ×$115,000

= $80,500

Digital rate 30% ×115,000

= $34,500

Thomlin Company forecasts that total overhead for the current year will be $11,597,000 with 164,000 total machine hours. Year to date, the actual overhead is $7,833,000 and the actual machine hours are 83,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a.$94 per machine hour b.$48 per machine hour c.$71 per machine hour d.$140 per machine hour

Answers

Answer: c.$71 per machine hour

Explanation:

The Pre-determined Overhead rate is the rate Thomlin Company forecasted that the company would incur total overhead for the current year.

They forecasted total overhead of $11,597,000 with 164,000 total machine hours.

Since the rate is based on Machine Hours the rate would be,

= Total Forecasted Overhead / Total Forecasted Machine Hours

= 11,597,000 / 164,000

= 70.71

= $71

Chobani's equipment runs for 10 hours and must be idle for 4 hours while being cleaned. Its plants operate day and night all week long. What are the implications for the company's purchasing, inventory control, scheduling and quality control functions. Your answer should be detailed and well thought out.

Answers

Answer:

For the company's purchasing ;leasing  the machine for the active period i.e 10 hours a day would be cheaper because the cost of cleaning and maintenance would be eliminated

For the company's inventory control; if the company leases the equipment that would reduce it's setup cost keeping its inventory low

For the company's scheduling; scheduling deals with completing a job within a given time and it is very essential to utilize the productive time

For the company's quality control functions; the company has to ensure that in as much as it has to meet its production schedule the quality of the products should be paramount

Explanation:

Running time = 10 hours. Idle time = 4 hours

The implications of the machine:

For the company's purchasing ; since the equipment has to be used everyday and after the 10 hours it will run, it has to be ideal for 4 hours for it to be cleaned and maintained every day. therefore the purchasing department of the company will have to sort for an alternative equipment which would be less expensive and would have less idle time during cleaning and maintenance. but  if this alternative is more expensive, then leasing  the machine for the active period i.e 10 hours a day would be cheaper because the cost of cleaning and maintenance would be eliminated

For the company's inventory control : inventory for every company is the stock of the company that remains unsold and every company should aim to keep this as low as possible and one way is by reducing setup costs and safety cost. if the company leases the equipment that would reduce it's setup cost keeping its inventory low

For the company's scheduling : scheduling deals with completing a job within a given time and it is very essential to utilize the productive time i.e 10 hours  of the equipment in order to avoid unwanted direct and indirect cost.

For the company's quality control functions: As the equipment runs for 10 hours day and night in other to meet up with the production and scheduling the quality of the products might be adversely affected hence the company has to ensure that in as much as it has to meet its production schedule the quality of the products should be paramount

The following equity investment transactions were completed by Romero Company during a recent year:
Apr. 10 Purchased 3,600 shares of Dixon Company for a price of $51 per share plus a brokerage commission of $95.
July 8 Received a quarterly dividend of $0.95 per share on the Dixon Company investment.
Sept. 10 Sold 2,000 shares for a price of $41 per share less a brokerage commission of $75.
Journalize the entries for these transactions.

Answers

Answer:

The journal entries will look as follows:

Explanation:

Date        Particulars                                Dr ($)            Cr ($)              

Apr 10     Investments - Dixon (w.1.)      183,695

               Cash (w.1.)                                                     183.695

               (To record total value of investment in Dixon Company.)    

July 8      Cash                                           3,420

               Dividend revenue (w.2.)                                 3,420

               (To record dividend revenue from Dixon Company shares.)

Sept. 10  Cash (w.3.)                                  81,925

               Loss on investment sold (w.5.) 20,128

               Investments - Dixon (w.4.)                            102,053

               (To record sales of investment in Dixon Company.)              

Workings:

w.1. Total value of investment in Dixon Company = (3,600 * $51) + $95 = $183,695

w.2. Dividend revenue = 3,600 * $0.95 = $3,420

w.3. = Cash = (2,000 * 41) - $75 = $81,925

w.4. Value of investment in Dixon = ($183,695 / $3,600) * 2,000 = $102,053

w.5. Loss on sale of investment = w.3. - w.4. = $102,053 - $81,925 = $20,128

How did industrialization and unionization need to outsourcing

Answers

Answer: It is often assumed that manufacturing workers in developing countries, as recipients of outsourced jobs, would achieve economic benefits and organizational power. The author argues that job growth in developing countries through outsourcing to competing firms has often actually resulted in declining unionization and lower wage rates relative to traditional, integrated manufacturing firms. Using time-series data on union membership from 1980-2003 for Honduras and El Salvador as well as 2004 Household Survey Data for El Salvador, he examines the determinants of unionization rates and wages in the manufacturing sectors. He finds that that competitive outsourcing hurts labor at the plant-level in three ways: 1) it reduces labor's strike leverage by geographically dispersing the production process; 2) it increases the threat of plant mobility by decreasing plant-level investments; and 3) it increases labor costs relative to total costs, which creates an incentive for employers to keep wages low and unions out.

Jose Reyes surrendered an endowment policy and received $50,000 from the ABC Insurance Company. Over time Jose had paid $35,000 in premiums. In addition, over time Jose had collected $5,000 of dividends on the policy. How much gain (loss), if any, must Jose recognize from surrendering the endowment policy

Answers

Answer:

$10,000

Explanation:

Calculation for Jose Reyes gain (loss) recognize from surrendering the endowment policy.

Endowment policy $50,000

Premium $35,000

Dividend $ 5,000

Hence:

Endowment policy $50,000 -Premium $35,000

=$15,000

$15,000 - Dividend $ 5,000

=$10,000

Therefore the gain (loss), if any that Jose recognize from surrendering the endowment policy will be $10,000

Murphy Printers ​(MP) manufactures printers. Assume that MP recently paid $ 500 comma 000 for a patent on a new laser printer. Although it gives legal protection for 20​ years, the patent is expected to provide a competitive advantage for only eight years.
Requirements
1. Assuming the​ straight-line method of​ amortization, make journal entries to record​ (a) the purchase of the patent and​ (b) amortization for the first full year.
2. After using the patent for four ​years, MP learns at an industry trade show that another company is designing a more efficient printer. On the basis of this new​ information, MP​ decides, starting with year 5​, to amortize the remaining cost of the patent over two remaining​ years, giving the patent a total useful life of six years. Record amortization for year 5.

Answers

Answer: The answer is given below

Explanation:

1. The journal entries to record​ the purchase of the patent and​ the amortization for the first full year has been solved and attached.

2. The amortization expense of he 4 years will be:

= $62500 × 4

= $250,000

Therefore, the book value of the patent will be:

= Cost of the patent - amortization expense

= 500,000 - 250,000

= $250,000

Amortization for year 5 = Book value/Estimated useful life remaining

= 250,000/2

= $125,000

The journal for the amortization expense for year 5 has been attached

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 120 units at $39 10 Sale 90 units 15 Purchase 140 units at $40 20 Sale 110 units 24 Sale 45 units 30 Purchase 160 units at $43 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. Cost of Goods Sold Schedule First-in, First-out Method DVD Players Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Nov. 1 Nov. 10 Nov. 15 Nov. 20 Nov. 24 Nov. 30 Nov. 30 Balances b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method?

Answers

Answer:

a) UNDER FIFO

November 1 Inventory 120 units at $39

November 10 Sale 90 units

COGS = 90 X $39 = $3,510remaining inventory = 30 x $39 = $1,170

November 15 Purchase 140 units at $40

November 20 Sale 110 units

COGS = (30 x $39) + (80 x $40) = $1,170 + $3,200 = $4,370remaining inventory = 60 x $40 = $2,400

November 24 Sale 45 units

COGS = 45 x $40 = $1,800remaining inventory = 15 x $40 = $600

November 30 Purchase 160 units at $43

remaining inventory = $600 + (160 x $43) = $7,480

b. UNDER LIFO

November 1 Inventory 120 units at $39

November 10 Sale 90 units

COGS = 90 X $39 = $3,510remaining inventory = 30 x $39 = $1,170

November 15 Purchase 140 units at $40

November 20 Sale 110 units

COGS = 110 x $40 = $4,400 remaining inventory = (30 x $40) + (30 x $39)  = $2,370

November 24 Sale 45 units

COGS = (30 x $40) + (15 x $39) = $1,785remaining inventory = 15 x $39 = $585

November 30 Purchase 160 units at $43

remaining inventory = $585 + (160 x $43) = $7,465

Under LIFO, the ending inventory is lower than under FIFO.

"First in first out" or FIFO is a method of inventory evaluation by which the process of goods buying and selling are assumed as having same chronological order.

FIFO

As per the question, if units are in inventory at two different costs, than the Cost of Goods Sold (COGS), and Inventory will be different, as per the given information:

⇒November 1, Inventory 120 units at $39

  November 10, Sale 90 units

  Cost of Goods Sold = 90 X $39 = $3,510

  Remaining inventory = (120-90) x $39 = $1,170

⇒ November 15, Purchase 140 units at $40

  November 20, Sale 110 units

  Cost of Goods Sold  = (30 x $39) + (80 x $40) = $1,170 + $3,200 = $4,370

Remaining inventory = 60 x $40 = $2,400

⇒ November 24, Sale 45 units

COGS = 45 x $40 = $1,800

Remaining inventory = 15 x $40 = $600

⇒November 30, Purchase 160 units at $43

  Remaining inventory = $600 + (160 x $43) = $7,480

B. Under Last in, First Out (LIFO)

⇒November 1, Inventory 120 units at $39

November 10, Sale 90 units

COGS = 90 × $39 = $3,510

Remaining inventory = 30 x $39 = $1,170

⇒November 15, Purchase 140 units at $40

November 20, Sale 110 units

COGS = 110 x $40 = $4,400

Remaining inventory = (30 x $40) + (30 x $39)  = $2,370

⇒November 24, Sale 45 units

COGS = (30 x $40) + (15 x $39) = $1,785

Remaining inventory = 15 x $39 = $585

November 30, Purchase 160 units at $43

Remaining inventory = $585 + (160 x $43) = $7,465

Hence, the results shows that the Inventory is LOWER when used Last-in, First out Method.

Learn More about LIFO here:

https://brainly.com/question/13510592

On May 1, 2021, Bonita Industries declared and issued a 10% common stock dividend. Prior to this dividend, Bonita had 195000 shares of $1 par value common stock issued and outstanding. The fair value of Bonita's common stock was $24 per share on May 1, 2021. As a result of this stock dividend, Bonita's total stockholders' equity:______
a. decreased by $480700.
b. increased by $480700.
c. did not change.
d. decreased by $23000.

Answers

Answer:

No Answer in Option but the Equity decreases by $468,000

Explanation:

From the question,

Common Stock that Bonita industries had at par $1 = $195,000

They issued a common stock dividend= 10%

The Value of Stock dividend = 10/100 * 195,000 = $19,500

The fair value of Bonita's common stock was $24 per share on May 1, 2021. Hence, the stock dividend will be 19,500 * 24 = $468,000

We must understand that Stock dividend are issued from Retained Earning, hence as a result of this stock dividend, Bonita's total stockholder equity decreased by $468,000

Levi Corporation (a U.S. company) has several transactions with foreign entities. Each transaction is denominated in the local currency unit of the country in which the foreign entity is located. On December 2, 20X1, Levi sold confectionary items to a foreign company at a price of 50,000 yen when the direct exchange rate was 1 yen = $1.15. The account has not been settled as of the year ended December 31, 20X1, when the exchange rate had changed to 1 yen = $1.12. The foreign exchange gain or loss on Levi's records at year-end for this transaction will be

Answers

Answer: $1500 loss

Explanation:

From the question, On December 2, 20X1, Levi sold confectionary items to a foreign company by selling at a price of 50,000 yen when direct exchange rate was 1 yen = $1.15.

Sale value in dollar = 50,000 × 1.15

= $57500

The account has not been settled as of the year ended December 31, 20X1, when exchange rate had changed to 1 yen = $1.12.

Sale value in dollar = 50,000 × 1.12

= $56000

Foreign exchange loss:

= $57500 - $56000

= $1500 loss

Deere is a global manufacturer and distributor of agricultural, construction, and forestry equipment. Suppose it reported the following information in its 2017 annual report. (In millions)
2017 2016 Inventories (LIFO) $2,267 $2,999
Current asset 32,910
Current liabilities 11,711
LIFO reserve 1,389
Cost of goods sold 15,661
Compute Deere inventory turnover for 2017 ratio.

Answers

Answer:

5.95

Explanation:

Deere inventory turnover for 2017 ratio is:

Formula for Inventory Turnover Ratio= Cost of Goods sold / Average Inventory

Where Average Inventory = (Previous Inventory + Current Inventory) / 2

= ($2,267 + $2,999) / 2

=$5,266 / 2

=$2,633

Average Inventory = $2,633

Therefore, Inventory Turnover Ratio =  $15,661 / $2,633 = 5.9479 = 5.95

Deere Inventory Turnover for 2017 Ratio is  5.95.

Other Questions
Is the following sentence a sentence beginning with a prepositional phrase? Against the wall, I sat curled up in a ball like an armadillo, as a stream of tears ran down my face. John received 3 detentions in the fourth quarter. He received 4 otherdetentions for 1st and 2nd quarters combined. He received 12 for thewhole school year so how many detentions did he receive in the 3rdquarter? When a tax is subtracted from a paycheck, it is a deduction the gross income a recession the net income Which statement describes a periodic trend of first ionization energy?O A. It tends to decrease from left to right across a period.B. It remains the same within a period.O C. It tends to increase from top to bottom of a group.D. It tends to decrease from top to bottom of a group. f(x)=x^3+10x^2-25x-250 When the two crews start working together, what part of allthe garbage bins will the first garbage truck empty?The crew of a garbage truck takes 5 hours to empty all thebins in one neighborhood on pickup day. The city assigneda second garbage truck to this neighborhood. During theirtraining, it took the crew from the second truck 8 hours toempty all the bins.0.60.50.7Time(hours)tPart of BinsEmptiedRate(part/hour)150.4First Truck500(91tSecondTruck188 Review at least three different mental health and wellness job descriptions on a career website (e.g., CareerBuilder; Jobing) and compare and contrast the differences in skill sets needed to perform the job effectively How did imperialism contribute to the start of World War I?A. Centralized governments whose powers were unchecked caused internal uprisings in many nations.B. Eagerness to take over land in post-revolutionary Russia led to territorial conflicts.C. European rivalries over colonial territory led to nationalistic tension between these states.D. Conflicts between church and government led to distinct divisions within key European countries. Which choice is an opinion disguised as a fact?A. Einsteins best theory was the theory of relativity.B. Albert Einstein wrote theories that changed science and philosophy.C. Many of Einsteins theories focused on the concepts of space, time, and gravity.D. Einstein also wrote a theory on gravitation that is different than Newtons theory on gravitation. Any help would be great what are the steps of enzyme activity? 1. Calculate the pH of a 0.35 mol/L solution of ammonia. what does " viceroy" and "legate mean in the Christian world and who do they work for? Assume you can buy 52 British pounds with 100 Canadian dollars. How much profit can you earn on a triangle arbitrage given the following rates if you start out with 100 U.S. dollars? What similarity property, if any, can be used to show that the following two triangles are similar A. Not enough information given B. AAC. SASD. SSSPlease answer this What is the missing number that will complete thefactorization?681224 Use the compound interest formulas A = Pert and A = P(1 + ) to solve. Suppose that you have $11,000 to invest. Which investment yields the greater return over 10 years: 6.25% compounded continuously or 6.3% compounded semiannually? Show your work Which of he following is a secondary alkanol? a. CH3CH2CH2OH b. CH3CH2CH2CH2OH c. C(CH3)3OH d. CH3CH(OH)CH3 For what reasons did Columbus wish to travel to the Indies? Suppose you have a linear integer optimization problem. You solve the problem as a linear optimization problem by ignoring the integer constraints and obtain an integer optimal solution (i.e., your model did not require the variables to be integer, but it turned out when you solved the problem Solver found an optimal answer where the variables are integer).Which of the statements below are correct (choose only one):A. You can categorically state that you have the optimal solution to the integer optimization problem.B. You can categorically state that you do not have the optimal solution to the integer optimization problem.C. None of the above.