a. The cash that Abardeen pay for interest in Year 1 is $0.
b. Interest expense that was recognized is $2,825.
c The Total liabilities was reported is $115,825.
d. The amount of cash was paid to the bank is $118,650.
e. The amount of interest expense was reported is $2,825.
a. The amount of cash that Abardeen pay for interest in Year 1 is $0 reason being that the interest matured on March 31, 2017.
b. Interest expense:
Interest expense=($113,000 x 10% x 3 months /12)
Interest expense=$2,825
c. Total liabilities
Total liabilities= $113,000 + $2,825
Total liabilities = $115,825
d. Cash that was paid to the bank on March 31, 2017:
Cash= $113,000 Principal + ($113,000 × 10% × 6/12)] Interest
Cash= $113,000 Principal +$5,650 interest
Cash= $118,650
e. Interest expense reported on the 2017 income statement:
Interest expense=$113,000 × 10% ×3/12
Interest expense=$2,825
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If company managers decide to set the export price for a particular product at an amount equivalent to the home-country price, they would be using which approach to pricing
Answer:
ethnocentric.
Explanation:
Passed this test already.
When informing your staff of the date for the company picnic, a __________ would be most practical and successful.
a. videoconference
b. newspaper notice
c. telephone conversation
d. face-to-face conversation
✔ e. memo
Answer:
face to face conversation
One example of ___________________ is a wiki, a site where community members can add and discuss information to develop a resource for the entire community. Wikipedia is a famous example of a wiki.
a. a centralized network
b. a formal channel
c. upward communication
d. social media
One example of social media is a wiki, a site where community members can add and discuss information to develop a resource for the entire community: D. social media
Social media can be defined as a collection of Internet software programs (applications) which avails end users the ability to add, share and discuss information, as well as enhance collaboration between community members over the Internet.
This ultimately implies that, wiki is an example of a social media because it allows community members to add and discuss information, in order to develop a resource for the entire community.
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Answer:
d. social media
Explanation:
Wikis are a type of social media. One way companies can use them is to organically develop reference or training materials that reflect consensus on best practices through contributions and editing by employees. Passionate communities can develop around wikis, as shown by the success of Wikipedia. The giant wiki has its challenges, including ensuring information integrity, maintaining volunteer commitment, and representing diversity, but as the sixth most visited website in the world and about 5 million entries just in English, it demonstrates the opportunity to leverage a community to create a shared resource of great value.
Because any authorized member of the community can post an entry, change, or comment to a wiki, this is not a formal communication channel and communication is decentralized.
The Three Little Pigs purchased three houses for a total cost of $160,000. Appraisal values for the three completed houses were: straw house, $40,000; wood house $60,000; and brick house $100,000. Using the basket purchase allocation, the recorded value of the brick house should be ______.
Using the basket purchase allocation, the recorded value of the brick house should be $80,000.
First step is to calculate the allocation percentage
Straw house Wood house Brick house Total
Fair market value $40,000 $60,000 $100,000 $200,000
Percentage 20% 30% 50%
($40,000/$200,000) ($60,000/$200,000) ($40,000/$200,000)
Second step is to allocate using basket purchase allocation
Straw house=20%×$160,000
Straw house=$32,000
Wood house= 30%×$160,000
Wood house=$48,000
Brick house=50%×$160,000
Brick house=$80,000
Inconclusion the recorded value of the brick house should be $80,000.
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Identify the supply chain management process that produces, tests, packages, and prepares products for delivery.
Answer:
Supply chain execution system
Explanation:
supply chain execution system
a deductible of $500 requires ( select the correct answer )
Answer:
ɴᴏ ᴘɪᴄ sᴏʀʀʏ :(( ʙʏᴇ :)))
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Which of these masking techniques is used for masking a flush-mounted part?
O Reverse masking
O Back masking
O Reverse taping
O Fine line masking
A lot of painter use different type of masking techniques. The type of masking techniques that is used for masking a flush-mounted part is Fine line masking.
Fine Line tapes are known too have thin, smooth backings that are made to create low-profile paint edges.
A painter can also have a sharp paint lines by using fine line tapes with smooth backings coated with some adhesives to stop paint edge bleed.
Scotch Fine Line 218, a type of fine line masking tape is made for straight line application, and it can be found in nine narrow widths for a number of paint striping options.
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Which best describes the economic impact of defaulting on bank loans?
The economy suffers because banks have less money to loan to others.
The economy suffers because people have less money to spend.
The economy suffers because businesses are scared to take out loans.
The economy suffers because people are scared to take out loans.
Answer:
The answer is A.
Explanation:
The economy suffers because banks have less money to loan to others.
The economic impact of defaulting on bank loans is that the economy suffers because banks have less money to loan to others.
What is effect of defaulting on bank loans?If a bank gives loan to people and they refuse to pay back, there won't be enough money to lend other customers.
Therefore, option A is correct because, economy suffers because banks have less money to loan to others.
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What is one potential benefit of establishing trade barriers?
A) They can make a country more economically self-reliant.
B)They typically increase sales of exports to other countries.
C) They create greater economic efficiency by minimizing waste.
D)They provide domestic consumers with a wider variety of goods.
ASAP
Answer:
D)They provide domestic consumers with a wider variety of goods.
What does being organized in the workplace mean?
A. that an employee is good at listening
B. that an employee has good math skills
C. that an employee is reliable
D. that an employee works well with a team
Bryan Corp. has two departments: Wholesale and Retail. The following information is available: Wholesale Retail Total Actual sales (in units) 20,000 30,000 50,000 Budgeted sales 15,000 45,000 60,000 Budgeted contribution margin (per unit) $5 $3 What is the sales-quantity variance for the retail division
The sales-quantity variance for the Retail Division of Bryan Corp. is 15,000 units (unfavorable).
Data and Calculations:
Divisions Wholesale Retail Total
Actual sales (in units) 20,000 30,000 50,000
Budgeted sales 15,000 45,000 60,000
Budgeted contribution margin (per unit) $5 $3
Sales-quantity variance 5,000 F 15,000 U 10,000 U
Sales-quantity variance for the Retail Division = 15,000 units U (45,000 - 30,000).
Thus, the Retail Division recorded an unfavorable sales-quantity variance of 15,000 units.
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Lay's Meat Market has 8,000 shares of stock outstanding at a price per share of $13. What will the price per share be if the firm declares a 3-for-5 reverse stock split
The price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.
First step is to calculate the number of shares
Number of shares=[(8,000/$13)×3/5]
Number of shares=369.23
Second step is to calculate the price per share using this formula
Price per share=Shares of stock outstanding/Number of shares
Let plug in the formula
Price per share=8,000/369.23
Price per share=$21.666
Price per share=$21.67 (Approximately)
Inconclusion the price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.
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What type of person-fit in the workplace is related to the fit between the wants and needs of an individual and the characteristics of their job
A Person-job fit is the type of person-fit related to the fit between the wants/needs of an individual and the characteristics of their job
A person-job fit refers to the compatibility between an individual and the job that they perform based on the employee needs.
In other word, the Person–job fit refers to the the degree of alignment between the individual (employees) and the job/task he is performing.Hence, the Person-job fit is the type of person-fit related to the fit between the wants/needs of an individual and the characteristics of their job
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Rico Petricelli Industries invests $960,000 in plant assets with an estimated 10-year service life and no salvage value. These assets contribute $64,000 to annual net income when depreciation is computed on a straight-line basis. Compute the payback period and explain your computation.
The payback period for this Rico Petricelli Industries' investment is 6 years.
Data and Calculations:
Cost of investment in plant assets =$960,000
Estimated useful life = 10 years
Estimated salvage value = $0
Annual depreciation = $96,000 ($960,000/10)
Annual net income = $64,000
Annual cash net inflow = $160,000 ($64,000 + $96,000)
Payback period = 6 years ($960,000/$160,000)
Thus, to compute the payback period as 6 years, add the annual depreciation to the annual net income to obtain the annual cash net inflow. Then divide the cash outlay ($960,000) by the product above.
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A(n) __________ is a business-to-business (B2B) network which provides an organization access to suppliers and distributors to improve supply chain management.
The kind of business-to-business (B2B) network that gives access to organization so that they can have access to a suppliers as well as distributors for a better supply chain management is private exchange.
A private exchange can be regarded as online resource which could be established by brokers, insurance as well as benefit consultants which allows individuals and employers to locate suppliers and distributors.This service brings about a improved supply chain management.Therefore, private exchange is the correct term.
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If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________ by ________ output and ________ the price of goods and services. maximized; increasing; increasing maximized; increasing; increasing maximized; reducing; increasing maximized; reducing; increasing minimized; reducing; increasing
If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.
The market of oligopoly firm is one that consists of small number of firms that have substantial influence in the particular industry.
Some oligopoly market include auto industry, air travel industry etc
Either formally or informally, If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.
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A manufacturer paid total factory payroll of $200,000 in cash. The journal entry for this transaction includes a:
Based on the information given the journal entry for this transaction includes a: Debit Factory Wages Payable $200,000; Credit Cash $200,000.
Based on the given details the we were told that total factory payroll of the amount of $200,000 was paid by cash by the manufacturer.
Hence:
The appropriate journal entry to record this transaction is:
Debit Factory Wages Payable $200,000
Credit Cash $200,000
(To record factory wages payable)
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In this chapter, we have been discussing pension plans (and a little bit about post-retirement plans), mainly how to account for defined benefit plans. After having learned at least some of the complexities of accounting for a defined benefit plan, express your opinion about whether these plans are worth it. Come at this from the perspective of the employer, the employee/retiree, and the government and write what you think -- are they worth it
It should be noted that defined benefit plans are worth it as they provide a secure lifetime retirement income for the employee.
Defined benefit plans are also known as the traditional pension plan. It gives a specified payment amount in retirement. It's important as it allows employees and employers to be able to invest funds in order to save for retirement.
Defined benefit plans are beneficial as they give eligible employees a guaranteed income for life when they retire. This is important as the person can have a source of income when they're not working anymore.
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Jorge knows his employees are wrestling with complex decisions, and he uses __________________ to empower them to discuss alternatives with one another until they reach consensus about the best action to take.
a. communication apprehension
b. a centralized network
c. a decentralized network
d. nonverbal communication
Answer:
c. a decentralized network
Explanation:
your salary is $50,000 income tax rate is 21% on the first $35,000 and 23% on the rest of your income what is the total amount of tax that you owe A.$10,500 B. $10,770 C. $10,800 D.$11,500
Answer:
C
Explanation:
35000 = 100%
35000×0.21 = 21% = $7350
50000 - 35000 = 15000 = 100%
15000×0.23 = 23% = $3450
so, in total, I pay
7350 + 3450 = $10,800
Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5,000 snowboards and 6,000 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 150,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,500 snowboards and 4,000 pounds of carbon fiber in inventory. Carbon fiber costs $15 per pound. Each snowboard requires 0.5 hour of direct labor at $20 per hour. Variable overhead is budgeted at the rate of $8 per direct labor hour. The company budgets fixed overhead of $1,782,000 for the quarter. Required: 1. Prepare the production budget for the third quarter. Hint: Desired ending inventory units are given.
1.Based on the information given the production budget for the third quarter is 148,500.
2. Budgeted cost of direct material purchases is 4,425,000.
3. Budgeted Direct labor cost is $1,485,000.
4. Total factory overhead is $2,376,000.
1. Budgeted production
BLACK DIAMOND COMPANY
Production Budget (in units) Third Quarter
Budgeted units sales 150,000
Add: Budgeted ending inventory 3,500
Less: Budgeted beginning inventory (5,000)
Budgeted production 148,500
2. Direct material budget
BLACK DIAMOND COMPANY
Direct Materials Budget Third Quarter
Budgeted production 148,500 units
Materials requirement per unit 2
Materials needed for production 297,000
(148,500units×2)
Budgeted ending inventory 4,000
Total material requirements(lbs.) 301,000
(297,000+4,000)
Budgeted beginning inventory 6000
Direct Materials to be purchased (lbs.) 295,000
(301,000-6,000)
Materials price per pound 15.00per
Budgeted cost of direct material purchases 4,425,000
(295,000×15 per)
3. Direct labor budget
BLACK DIAMOND COMPANY
Direct labor Budget Third Quarter
Budgeted Production 148,500
Budgeted Direct labor hours 74,250
(148,500×0.5)
Budgeted Direct labor cost $1,485,000
(74,250×$20)
4. Factory overhead budget
BLACK DIAMOND COMPANY
Factory Overhead Budget Third Quarter
Variable overhead $594,000
(74,250×$8)
Add Fixed overhead $1,782,000
Total factory overhead $2,376,000
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One reason why the coffeehouse market is competitive is that A. it is trendy and therefore is likely to have a customer following. B. demand for coffee is very high. C. barriers to entry are low. D. consumption takes place in public.
The likely reason why the coffee house market is described as competitive is because: C. barriers to entry are low.
Characteristics of competitive market?A competitive market is a market structure having the following characteristics:
There are many producers and consumer.A single producer nor consumer cannot dictate the market.Goods and services do not vary between producers (Homogenous products).Free entry and exit (no entry barrier).Thus, coffee house is an example of competitive market.
there are many coffee houses and many buyers of coffee. Coffee produced can be said to be homogenous. More so, there is no stiff standards preventing people from venturing into coffee business.
Therefore, the likely reason why the coffee house market is described as competitive is because: C. barriers to entry are low.
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While cultural differences should always be considered, which industry should be especially aware of traditions when trying to enter a foreign market
Countries of the world have different cultures. The food industry should be aware of traditions when trying to enter a foreign market.
A food industry entering a foreign market must take note of the traditions, customs and food that is consumed in that place.
There are different factor to consider when entering a foreign market. The
factors are;
Gross Domestic ProductUnemployment Rate InflationThe influence of culture on international marketing is very great. A marketer have to take a good study about the local culture thoroughly before offering a product to them.
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True or False: If the actual rate of inflation is 10%, the prices of goods and services increase relative to resource prices. In the short run, profit margins will increase and firms will cut back on output, which will cause layoffs, and increase unemployment.
Answer:
True
Explanation:
Fire Chief McGuire could see the problem from a mile away. Flames were leaping out of the old barn, blown by a west wind. Arriving at the scene, he noticed a young firefighter heading toward the back of the building. The fire chief yelled, “Stop!” but the rookie kept going. McGuire knew that the kid was putting his life in danger by going out of sight. There was no time to waste.
The __________________________ conflict-handling technique is most appropriate in this situation.
a. compromising
b. collaborating
c. dominating
d. accommodating
e. avoiding
Answer:
c. dominating
Explanation:
The dominating conflict-handling technique is most appropriate in this situation.
3. Cash and credit sales, with returned merchandise. (a) Merchandise is sold for $340 cash. (b) $30 of merchandise sold for $340 is returned for refund. (c) Merchandise is sold on account for $280. (d) $25 of merchandise sold for $280 is returned for a credit. (e) Payment is received for balance owed on merchandise sold on account.
Answer:
The payment received is 1200
Planned sales for June this year are $120,000. Last year, the actual sales for June were $110,000. Determine the planned percent increase in sales for the month.
Given that the planned sales for June this year are $120,000 and that last year's actual sales for the month of June were $110,000, there is a 9.09% increase in sales for the month.
The actual increase in sales is $10,000 ($120,000 - $110,000) or ($110,000 x 1.0909 - $110,000)
Data and Calculations:
Planned sales for June, this year = $120,000
Actual sales for June,last year = $110,000
Planned percent increase in sales for June = 9.09% ($10,000/$110,000 x 100)
Thus, the planned percentage increase in sales for the month is 9.09%.
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A company purchased $4,600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is:
Answer:
The total cost of the merchanise is $5900
What is the present value of $5,000 to be received 10 years from now if the interest rate is 10 percent
The answer is $12968.
What is interest rate?The interest rate is the percentage that the lender expenses for borrowing the capital. The APR, or annual allocation rate, is supposed to remember a more precise cost of borrowing. The APR calculation contains fees and value points, along with the interest speed.Mortgage velocities change all the time. So a good mortgage rate could look drastically different from one day to the next. Right now, a reasonable mortgage rate for a 15-year fixed loan strength is in the high-3% or low-4% range, while a reasonable rate for a 30-year mortgage is typically in the high-4% or low-5% range.Mortgage rates are likely to persist to rise in 2022. Many elements influence mortgage rates, including inflation, world events, financial crises, personal characteristics, the Federal Reserve, and even bond prices. Even though mortgage interest rates increase, they resolve still lower than documented mortgage rates.To learn more about interest rate, refer to:
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A vegetable vendor sells carrots he sold 50% of the carrots he had in the morning of the remaining 75% was sold in everything and he still was left with 16.25 kg with him at the of the day what was the quality of carrots after a day
Answer:
65 kilograms of carrots
