Answer:
I. Election of new members of the Board of Directors
II. Declaration of bankruptcy
IV. Proposal of a merger with another corporation
Explanation:
Form 8K is expected to be filed by an organization for unexpected events that would require the knowledge of the shareholders. The form is to be completed within four days after the occurrence of the event. Some of these events include a declaration of bankruptcy by the organization, the resignation or election of new board Directors, or the merging of the company with another.
In general, events not specified in the original agreements during the establishment of the organization, or key events that happen in the course of the business must be filed in the form 8K.
A constraint with a positive slack value:_____.
a. will have a positive dual price.
b. will have a negitive dual price.
c. will have a dual price of zero.
Answer:
c. will have a dual price of zero.
Explanation:
When solving a linear equation with constraint that means not a balanced equation, we introduce a slack variable that is almost equal to zero, in order to balance the equation.
In that case the slack variable can have positive or negative value depending upon equation, but it does equal to almost zero.
Thus, it can have dual shadow value almost equal to zero, as the value is not considered.
During March, Pendergraph Corporation incurred $66,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $68,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a: Multiple Choice debit to Work in Process of $68,000 credit to Work in Process of $68,000 credit to Manufacturing Overhead of $66,000 debit to Manufacturing Overhead of $66,000
Answer:
debit to manufacturing overhead of $66,000
Explanation:
The answer to the above is debit to manufacturing overhead of $66,000, hence the journal entry to record the actual manufacturing overhead costs would be;
Dr Manufacturing overhead account $66,000
Cr Work in process account $66,000
Please note that the manufacturing overhead applied to work in process will not be considered for this transaction.
A new graduate has taken a job with an annual salary of $60,000. She expects her salary to go up by 2.5% each year for the first five years. Her starting salary is stored in cell A4 of an Excel worksheet, and the salary increase rate is stored in cell B4. Construct a table with years 1 through 5 in cells A6:A10 and her salary in cells B6:B10. Write the formula for her salary in year 2 (in cell B7) that can be copied and pasted correctly in cells B8 through B10.
Enter the formula you used in cell B7 ______.
Answer:
=B6*(1+$B$4)
Explanation:
Note: See the attached excel file for the table constructed as directed by the question.
The cell B6 for the salary in Year 1 is obtained by simply typing =A4*(1+B4) in cell B6; where,
A4 = Annual salary = $60,000
1 = 100%
B4 = Annual percentage salary increase = 2.5%
The cell B7 for the salary in Year 2 is obtained by simply typing =B6*(1+$B$4) in cell B7; where,
B6 = Salary in Year 2
$B$4 = Annual percentage salary increase in which the two dollar signs is obtained by placing the mouse cursor on B4 and then press F4 in order to lock the B4 for the rest of the years = 2.5%
Note that $B$4 allows 2.5% to be multiplied by salary in the previous years for each successive years 2 to 5.
By copying and pasting =B6*(1+$B$4), it will automatically changed to =B7*(1+$B$4), =B8*(1+$B$4), and =B9*(1+$B$4) to obtain salaries in years 3 to 5 respectively.
Therefore, the formula used in cell B7 is =B6*(1+$B$4).
Can an indifference curve be downward sloping in one section, but then bend backward so that it forms a "hook" at the end of the indifference curveLOADING...? An indifference curve A. cannot form a hook because it then would be upward sloping. B. cannot form a hook because . C. can form a hook as long as it does not intersect other indifference curves. D. can only form a hook if . E. can form a hook as long as it is not thick.
Answer:
A. cannot form a hook because it then would be upward sloping.
Explanation:
As in the case when the indifference curve slopes upward so the consumer would be indifferent that lies between the two bundles that generate more of the consumption goods
Now in case when the curve is hook sloping upward so the preference of the consumer could violate the assumption i.e. the more it is , the better it is
Therefore the option A is correct
Civil engineering consulting firms that provide services to outlying communities are vulnerable to a number of factors that affect the financial condition of the communities, such as bond issues, real estate developments, etc. A small consulting firm entered into a fixed-price contract with a spec home builder, resulting in a stable income of $325,000 per year in years 1 through 5. At the end of that time, a mild recession slowed the development, so the parties signed another contract for $155,000 per year for 4 more years. Determine the present worth of the two contracts at an interest rate of 9% per year.
Answer:
Total Present Value = $2,890,983.32
Explanation:
The present value of the two contracts would be done as follows using the present value of an annuity formula:
The present value of an annuity is given as follows:
PV = A× (1- (1+r)^(-n))/r
Where
AV = Present value
A- annual income
n- numbers of years
r- annual interest rate
The first contract
DATA-
A- 325,000, n- 5, r- 0.09
PV = 325,000× ((1.09^(-5) -1)/0.09 = 1,264,136.66
Contract 2
The present value would be done in two (2) steps:
Step 1:
Present value in year 5 terms:
Data- A- 155,000, r- 0.09, n- 4
PV = 155,000 × 1-1,09^(-4)/0.09 = 502,156.58
Step 2:
PV in year 0 term:
=PV in year 4 × 1-1.09^(-5)
= PV = 502,156.58 × = 1,626,846.66
Total present value = 1,264,136.66 + 1,626,846.66 = 2,890,983.32
Total Present Value = $2,890,983.32
A regulatory agency that protects workers is
A. OSHA
B. EPA
C. FDA
D. SEC
Answer- A. OSHA
Answer:Its A
Explanation:
Just took the quiz
Answer: A. OSHA
Explanation: This is the correct answer on Edge 2020 (just took the quiz and made a 100% ^-^).
Failure to record which item is a counter-balancing (self-correcting) error?
a. Common Stock Issuance
b. Equipment Purchase
c. Prepaid Expense
d. Purchase of Treasury Stock
Answer:
c. Prepaid Expense
Explanation:
A counterbalancing error happens when one accounting mistake cancels out another accounting mistake. For example, a prepaid expense is not recorded properly:
January 1, 2020, prepaid rent for the year:
Dr Rent expense 12,000
Cr Cash 12,000
The correct journal entry should have been:
Dr Rent expense 1,000
Dr Prepaid rent 11,000
Cr Cash 12,000
But at the end of the year, the prepaid rent account should be adjusted:
December 31, 2020, adjustment to prepaid rent account
Dr Rent expense 11,000
Cr Prepaid rent 11,000
Even though an accounting mistake existed, it was eventually a self correcting error.
What is the meaning of ledger ?
Answer:
noun
1.
a book or other collection of financial accounts of a particular type.
"the total balance of the purchases ledger"
Similar:
book
account book
record book
register
registry
log
records
archives
books
balance sheet
financial statement
2.
a flat stone slab covering a grave.
Explanation:
Can you please answer this
https://brainly.com/question/17736683
Answer:
a book or other collection of financial accounts of a particular type.
Explanation:
i looked up the definition
Peace of Mind, Inc. (PMI) sells extended warranties for durable consumer goods such as washing machines and refrigerators. When PMI sells an extended warranty, it receives cash up front from the customer but later, it must cover any repair costs that arise.
An analyst working for PMI is considering a warranty for a new line of big-screen TVs. A consumer who purchases the 2-year warranty will pay PMI $210. On average, the repair costs that PMI must cover will average $106 for each of the warranty's 2 years.
If PMI has a cost of capital of 7%, should it offer this warranty for sale?
Answer:
Yes
Explanation:
The computation of the Internal rate of return and the net present value is shown below:
Year Particulars Cash flows PVIF at 7% Present value
0 Initial cost 210 1 210
1 Year 1 cash inflows -106 0.934579439 -99.06542056
2 Year 2 cash inflows -106 0.873438728 -92.5845052
IRR 0.63%
NPV $18.35
The IRR and the NPV is 0.63% and $18.35 so it should be accepted as the NPV comes in a positive amount
As the level of inventory increases to provide better customer service both inventory costs and quality-related customer service costs increase.
a) true
b) false
Answer:
A. True
Explanation:
level of inventory is very essential as far as customer service is concerned, inventory are amount of goods that is stocked for some purposes, this could be to sell, to distribute.
It should be noted that As the level of inventory increases to provide better customer service both inventory costs and quality-related customer service costs increase.
The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15 Accounts Payable 21 Unearned Revenue 24 Common Stock 31 Dividends 32 Fees Earned 41 Salaries Expense 54 Rent Expense 56 Page 5 of the journal contains the following transaction: Description Post. Ref. Debit Credit Salaries Expense 525 Cash 525 What is the posting reference that will be found in the salaries expense account
Answer:
In the salary expense account, the posting reference that will be found is Cash 11.
Explanation:
This posting reference shows that the contra entry was made in the Cash account which has a reference number of 11. The Posting Reference is a field that facilitates cross-referencing (showing the other account involved in the transaction) or interlinking between the journal and the ledger in the posting process. Posting reference columns are present in both the journal and the ledger. It is also known as the Folio. This is because with the double entry system of accounting, each transaction must reflect at least two accounts that are affected on the debit side and the credit side.
5. You purchase a 1-year European call option on ABC stock with strike price 100. The option premium is $10. The effective annual interest rate is 5%, so that 100 dollars lent for 1 year will return 105 dollars. What is the PROFIT if ABC stock is trading at 115 on the expiration day?
Answer:
Profit on the stock is $5
Explanation:
The strike price of ABC stock = 100
Premium amount = $10
Effective annual interest rate = 5%
The price of the stock at the time of expiration = $115
Now we have to find the profit when the ABC is sold at $115. Below is the formula to find the profit.
Profit on the ABC stock = Price at time of expiration – strike price – premium amount
Now insert all the values in the above formula.
Profit on the ABC stock = 115 – 100 – 10
Profit on the ABC stock = $5
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 46,000 $4,600 February 42,000 $4,400 March 58,000 $5,300 April 64,000 $6,300 May 57,000 $5,000 June 62,000 $5,800 July 68,000 $6,500 August 71,000 $7,300 (a) Incorrect answer iconYour answer is incorrect. Assuming the line intersects the y-axis at $500 and using the July activity levels what is the equation of the line that would be drawn for a scattergraph. (Round variable cost to 3 decimal places, e.g. 15.251 and fixed cost to 0 decimal places, e.g 1,234.)
Answer:
following a linear equation:
y = mx + b
if we use July's data:
y = $0.0882m + 500
where
y = total cost
m = number of copies
the slope = 1 / 11.3333 = 0.0882
Explanation:
Month Number of Copies Total Copy Cost
January 46,000 $4,600
February 42,000 $4,400
March 58,000 $5,300
April 64,000 $6,300
May 57,000 $5,000
June 62,000 $5,800
July 68,000 $6,500
August 71,000 $7,300
y = mx + b
6,500 = 68,000x + 500
x = variable cost per unit = (6,500 - 500) / 68,000 = $0.088235294 per copy ≈ $0.0882 per copy
the equation would be:
y = $0.0882m + 500
the slope = 1 / 11.3333 = 0.0882
Walmart is the largest retailer with both brick-and-mortar stores and a growing internet business. Walmart continues to innovate with its service to shop online and pick up at the store. Walmart has also faced criticism due to its low wages and difficulty for part-time employees to get group health insurance. Many consumers refuse to shop at the store due to their employee policies. Based on this scenario, which criterion for an exchange to occur is missing?
Answer: Each party is willing to consider the other to be a desirable exchange partner.
Explanation:
From the question, we are informed that Walmart is a huge retailer but despite that, it has faced criticism as a result of its low wages and difficulty for part-time employees to get group health insurance and that this has led many consumers refusing to shop at the store due to their employee policies.
The criterion for an exchange to occur that is missing here is that "each party is willing to consider the other to be a desirable exchange partner". In this scenario, the customers doesn't see Walmart as a desirable excange partner due to the way they treat their workers therefore an exchange cannot take place.
You and your friends are organizing a trip to Europe. Your plan is to rent a car and drive through the major European capitals. By consulting a map you estimate that you will cover a total distance of 5000 km. Consider the euro-dollar exchange rate given in the introduction and use unit conversion to work through these simple problems. Part A You select a rental package that includes a car with an average consumption of 6.00 liters of fuel per 100 km. Considering that in Europe the average fuel cost is 1.063 euros/liter, how much (in US dollars) will you spend in fuel on your trip
Answer:
To spend $376.302 as cost of fuel for the trip
Explanation:
Total cost of petrol = Fuel consumption per km * distance * cost of petrol
6/100 * 5000km * 1.063 Euro = 318.9 Euro
Taking 1 Euro = 1.18 U.S dollars
Therefore, 318.9 Euro * 1.18 = $376.302
Discuss three traditional roles of the board of directors. Also, identify and discuss the most urgent governance issue impacting Apple's company’s board – what are they doing to manage this important issue?
Answer:
Hi, the question you have provided is missing information / scenario on Apple Company.
However important principles to help answer the question are given below :
The board of directors includes members of the Management who act as stewards for the company on behalf of the shareholders or owners. Directors are appointed during an Annual General Meeting (AGM) set by shareholders.
The roles of the Board of Directors include, Providing direction for the organisation, govern the organisation, monitor and control function, fiduciary duty to protect the organisation`s asset, establish a policy based government system and members investment and human resources functions (Recruitment, Training and Compensation) .
With this knowledge, the issue impacting Apple's company’s board can now be identified in the scenario (scenario is missing) and what management is doing to manage this important issue can be provided.
The federal backing for the money in the United States comes from: Group of answer choices providing sufficient quantities of precious metals such as gold and silver to cover the amount of paper money in circulation. pledging physical assets, such as land, natural resources, and public buildings as collateral for outstanding currency. control over the money supply designed to keep the value of money relatively stable over time. protecting checkable deposits at financial institutions with deposit guarantees.
Answer:
control over the money supply designed to keep the value of money relatively stable over time.
Explanation:
The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. Regulating banking activities (it has the power to supervise and regulate banks).
II. Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).
III. Controlling the issuance of currency in United States of America (it facilitate and enhances public goals such as low inflation, economical growth, and the smooth running of financial markets).
Hence, the federal backing for the money in the United States comes from control over the money supply designed to keep the value of money relatively stable over time through the implementation of monetary policies.
The monetary policy of the "Fed" helps to maintain the purchasing power of money by making it relatively scarce.
Suppose you buy a home and borrow $176,000 using a 30 year mortgage with an annual interest rate of 3.20% (compounded monthly). You recall your FI 302 professor talking about how increasing your monthly payment can save you both time and money. You decided to pay 10% more each month than what the bank suggests your payment should be. Given this, in how many years will you pay off the loan
Answer:
Explanation:
Rate of interest = 3.2 / 12 = .266667
No of terms = 12 x 30 = 360
amount = 176000
PMT = $ 761.14
Now the instalment is increased by 10% so
the instalment becomes = 761.14 + 76.11
= #837.25
No of years required from table
= 25.74 years.
Lynette Company's Inventory balance at 12/31/04 was $200,000 and was $188,000 at 12/31/05. Its Accounts Payable balance e at 12/31/04 was $80,000 and was $84,000 at 12/31/05, and its cost of goods sold for 2005 was $720,000. The company's total amount of cash payments for merchandise in 2005 equals: A) $704,000. B) $712,000. C) $720,000. D) $728,000. E) $736,000.
Answer:
A) $704,000.
Explanation:
For computing the cash payments we need to calculate the following amounts which are as follows
Total purchases = cost of goods sold + ending inventory - opening inventory
= $720,000 + $188,000 - $200,000
= $708,000
Now cash payment to merchandise is
= Beginning account payable balance + purchased made - ending account payable balance
= $80,000 + $708,000 - $84,000
= $704,000
Hence, the correct option is A. $704,000
During November, the production department of a process operations system completed and transferred to finished goods 31,000 units that were in process at the beginning of November and 150,000 that were started and completed in November. November's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to conversion. At the end of November, 33,000 additional units were in process in the production department and were 100% complete with respect to materials and 60% complete with respect to conversion. Compute the number of equivalent units with respect to conversion for November using the weighted-average method.
Answer:
200,800 units
Explanation:
Calculation of Equivalent units of Production of Conversion Costs
Method : weighted-average method.
Completed and Transferred (181,000 × 100%) = 181,000
Ending Work In Process (33,000 × 60%) = 19,800
Equivalent units of Production of Conversion Costs = 200,800
Another bank is also offering favorable terms, so Rahul decides to take a loan of $14,000 from this bank. He signs the loan contract at 9% compounded daily for four months. Based on a 365-day year, what is the total amount that Rahul owes the bank at the end of the loan’s term? (Hint: To calculate the number of days, divide the number of months by 12 and multiply by 365.)
Answer: $14,426.43
Explanation:
At the end of 4 months and assuming a 12 months and 365 days in a year, the formula to be used to calculate how much Rahul owes is;
We use the formula:
Amount owed = Present Value ( 1 + rate/365 ) ^ 365 * time period
Amount owed = 14,000 * ( 1 + 0.09/365 ) ^ (365 *4/12 )
Amount owed = $14,426.43
An economic model: Group of answer choices A. applies economic theory to understand real-world events. B. is so abstract that it cannot be applied to real-world events. C. can only be used to understand free markets. D. is an action taken to influence the course of economic events.
Answer:
A. applies economic theory to understand real-world events.
Explanation:
An economic model is a simplified version of reality that allows us to understand and predict economic phenomena.
characteristics of economic models are ;
They capture the fcomplexity of a phenomenon
They are able to make powerful predictions they are simple to understand
An example of an economic model is the production possibility frontier (PPF) . The PPF is a curve that shows the two combinations of goods that can be produced given the resources of an economy
What is the most frequent internal motive for a strategic alliance
The most common internal driver for strategic alliance is Part of a resource need.
What is a strategic alliance?A strategic alliance refers to the corporation between the two companies in order to carry down the project. It is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom.
Compared to a joint venture, which involves two companies pooling resources to form a new business organization, the arrangement is less intricate and legally enforceable.
For instance, the partnership between the companies is the strategic alliance to fulfill the needs of resources for each other.
Therefore, it can be concluded that Part of a resource need is the most common internal driver of a strategic alliance.
Learn more about strategic alliance here:
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he Charade Corporation is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable manufacturing overhead is $5.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $75,000 per month, of which $15,000 is factory depreciation. If the budgeted direct labor time for November is 7,000 hours, then the total budgeted manufacturing overhead for November is:
Answer:
the total budgeted factory overhead is $110,000
Explanation:
The computation of the total budgeted manufacturing overhead for the month of November is shown below:
Total budgeted factory overhead for November is
= Variable Factory Overhead rate per direct labor hour × budgeted direct labor time for November + Fixed Factory Overhead per month
= $5 × 7,000 hours + $75,000
= $35,000 + $75,000
= $110,000
hence, the total budgeted factory overhead is $110,000
A debit memorandum is: The source document for the purchase of merchandise inventory. The document a seller issues to inform the buyer of a debit made to the buyer's account in the seller's records. Required when a purchase discount is granted. The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records. Not necessary in a perpetual inventory system.
Answer:
The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records.
Explanation:
A debit memorandum is a notice to a client that a debit change to their accounts has been made, decreasing the amount of the available funds. Bank transactions, incremental billing, or internal offsets are the three primary reasons for issuing a debit memo.
Therefore according to the given option, the correct option is fourth and the same is to be considered
All of the following use financial ratios except:__________A. current ratio.B. cash coverage ratio.C. total debt ratio.D. times interest earned ratio.E. equity multiplier.
Answer:
A
Explanation:
Here is the correct question :
All of the following are financial leverage ratios except the
A. current ratio.
B. cash coverage ratio.
C. total debt ratio.
D. times interest earned ratio.
E. equity multiplier.
Current ratio is a liquidity ratio. It measures the ability of a company to meet its short term obligations
Current ratio = current assets / current liabilities
Question 6: Per capita real GDP is given by the equation y = Y/PN, where Y is nominal GDP, P is the GDP deflator, and N is population. In the United States, if the average growth rate of nominal GDP is 2.8 percent, inflation is 1.6 percent, and population growth is 0.5 percent, what is the growth of real GDP? Growth of per capita nominal GDP? Growth of per capita real GDP?
Answer:
Real GDP growth = Nominal GDP Growth - Inflation
Real GDP growth = 2.8 - 1.6
Real GDP growth = 1.2%
Therefore, the real GDP growth is 1.2%
Per-capita nominal GDP Growth = Nominal GDP Growth rate - Population Growth
Per-capita nominal GDP Growth = 2.8 - 0.5
Per-capita nominal GDP Growth = 2.3%
Therefore, the per capita nominal GDP Growth is 2.3%
Per capita Real GDP Growth = GDP Growth rate - Inflation - Population Growth
Per capita Real GDP Growth = 2.8 - 1.6 - 0.5
Per capita Real GDP Growth = 0.7%
Therefore, the Per capita Real GDP Growth is 0.7%
Zoe Corporation has the following information for the month of March: Cost of direct materials used in production $16,700 Direct labor 26,794 Factory overhead 32,844 Work in process inventory, March 1 17,028 Work in process inventory, March 31 19,382 Finished goods inventory, March 1 23,631 Finished goods inventory, March 31 25,648 a. Determine the cost of goods manufactured.
Answer:
cost of goods manufactured= $73,984
Explanation:
Giving the following information:
Cost of direct materials used in production $16,700
Direct labor 26,794
Factory overhead 32,844
Work in process inventory, March 1 17,028
Work in process inventory, March 31 19,382
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 17,028 + 16,700 + 26,794 + 32,844 - 19,382
cost of goods manufactured= $73,984
Informal organization suggests that cliques and other social groups can affect employee behavior.a. Trueb. False
Answer:
false
Explanation:
the answer is false.
While in India you purchased a hat for $15 U.S. How many rupees would you have to pay if each rupee was .032 U.S. dollars? 48 rupees 213.33 rupees 450.48 rupees 468.75 rupees
Answer:
468.75 rupees
