Answer: Andrew should look to find the information in SFAC No. 7. The level of the conceptual framework that his new knowledge will apply to is level 3.
Explanation:
From the question, we are informed that Andrew has been asked to estimate future cash flows for his company and that he is having a hard time remembering how to estimate future cash flows from his accounting classes.
Andrew should look to find the information in SFAC No. 7. The level of the conceptual framework that his new knowledge will apply to is level 3.
Carla Vista Inc. has sales of $2,300,000, a gross profit margin of 24.0 percent, and inventory of $800,000. What are the company’s inventory turnover ratio and days’ sales in inventory? (Round inventory turnover ratio to 3 decimal places, e.g. 12.555 and days' sales in inventory to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)
Answer:
Inventory turnover ratio= 2.185 times
Day's sales in inventory = 167.05 days
Explanation:
Carla Vista incorporation has a sales of $2,300,000
The gross profit margin is 24%
The inventory is $800,000
The First step is to calculate the cost of goods sold
= Sales-gross profit margin×sales
= 2,300,000-(0.24×2,300,000)
=2,300,000-552,000
=$1,748,000
Therefore the inventory turnover ratio can be calculated as follows
Inventory turnover ratio= 1,748,000/800,000
= 2.185 times
Day's sales in inventory can be calculated as follows
= 365/ inventory turnover ratio
= 365/2.185
= 167.05 days
Andrews Corporation has income from operations of $220,000. In addition, it received interest income of $22,000 and received dividend income of $31,000 from another corporation. Finally, it paid $12,800 of interest income to its bondholders and paid $46,100 of dividends to its common stockholders. The firm's federal tax rate is 21%. What is the firm's federal income tax
Answer:
$50,085
Explanation:
The computation of the firm federal income tax is shown below:
Operational income $220,000
Add: interest income $22,000
Add dividend income ($31,000 × 30%) $9,300
Less: interest paid ($12,800)
Taxable income $238,500
Federal tax (21% × $238,500) $50,085
Hence, the firm federal income tax is $50,085
what must be marked on ready to eat bags
Hagadorn Company has the following adjusted accounts and balances at year-end (June 30): Accounts Payable $ 150 Interest Expense $ 105 Accounts Receivable 520 Interest Income 40 Accrued Expenses Payable 140 Inventories 770 Accumulated Depreciation 130 Land 410 Additional Paid-in Capital 256 Long-Term Debt 1,280 Buildings and Equipment 1,420 Prepaid Expenses 60 Cash 205 Salaries Expense 720 Common Stock 64 Sales Revenue 2,390 Cost of Sales 800 Rent Expense 580 Depreciation Expense 230 Retained Earnings 1,570 Income Taxes Expense 305 Unearned Fees 75 Income Taxes Payable 30 Prepare an adjusted trial balance in good form for the Hagadorn Company at June 30.
Answer:
Hagadorn Company
Adjusted trial balance as at June 30
Debit Credit
Accounts Payable $ 150
Interest Expense $ 105
Accounts Receivable $520
Interest Income $40
Accrued Expenses Payable $140
Inventories $770
Accumulated Depreciation $130
Land $410
Long-Term Debt $1,280
Buildings and Equipment $1,420
Prepaid Expenses $60
Cash $205
Salaries Expense $720
Common Stock (64 + 256) $320
Sales Revenue $2,390
Cost of Sales $800
Rent Expense $580
Depreciation Expense $230
Retained Earnings $1,570
Income Taxes Expense $305
Unearned Fees $75
Income Taxes Payable $30
Totals $6,145 $6,145
Explanation:
A trial balance is a list of balances (debits and credits) extracted from ledger accounts that is used to prepare financial statements.
Identical products, as well as a large number of buyers and sellers, are characteristics of a market. In such markets, sellers of goods influence the prevailing market price, giving them the role of price in the market. True or False: The market for tomatoes exhibits the two primary characteristics that define perfectly competitive markets. True
Answer:
False.
Explanation:
This statement is false, because perfectly competitive markets are those where there are a variety of buyers and sellers available, which may mean that there are similar products on the market, but sellers are not able to influence the market price, which what happens in a perfectly competitive market is that companies are the price takers, they do not have the power to influence the price, since there are a large number of competitors and each one has a share in the market, since the products offered are little differentiated and there are no barriers to market entry.
Are aliens real And so if Explain And so If the Aliens from MArs the red martian aliens from mars are more dangerous then plueto
Answer:
aliens could be
Explanation:
there is no real proof but there have been suspicions
Answer:
say whatt
Explanation:
Businesses have embraced podcasts for audio and video messages because podcasts a. do not require a live presence, yet offer a friendly human face. b. provide up to 1,000 views per podcast, saving money over individual presentations. c. can't replace costlier live teleconferences but can replace most business travel. d. broadcast interactive, non-repetitive information
Answer: a. do not require a live presence, yet offer a friendly human face.
Explanation:
With podcasts, one does not have to be live and can simply do a pre-recording. This means that it can be repeated over and over and people can simply watch it at their convenience unlike live appearances.
This is beneficial to businesses as it means that they get to reach out to more people because apart from the convenience it offers, the friendly human voice that podcasts offer will entice people all the more.
Identify which of the objectives of business writing is not being met in the following message. I see that there appears to be an absolutely unfamiliar potential client requesting to converse with you in the upcoming afternoon interval. Would you prefer that I reject his request because you are already experiencing an overload of professional work demands?
Explanation:
There is no clear purposeful in the business writing above.
For it to be a message that effectively communicates the main information that you want to transmit, it is important that the message is written in the most objective and accurate way possible, so that there is no communication noise and so that the message reaches the receiver and the message is understood. central purpose of the message effectively.
Firm A pays $0.80 a year as dividends on its common stock. Currently this stock sells for $28.12 a share. Last year, at this time, the stock was selling for $31.64 a share. ◦ What is the total return on this stock in dollars? Dollar return = income + capital gain ◦ What is the percentage total return? Percentage total return = dollar return / beg. price Percentage total return = dividend yield +capital gains yield Capital gains yield = (end. price − beg. price)/beg. Price Dividend yield = income/beg. Price
Answer:
1) Total return on this stock in dollars = (Ending price - Beginning price + Dividend)
Total return = (28.12 - 31.64 + 0.80)
Total return = -2.72
2) Percentage total return = (Ending price - Beginning price + Dividend)/beg price = (28.12 - 31.64 + 0.8) / 31.64
= -2.72 / 31.64
= -0.085967
= -8.60%
Cooper Grant is the president of Acme Brush of Brazil the wholly owned Brazilian subsidiary of U.S.-based Acme Brush Inc. Cooper Grant’s compensation package consists of a combination of salary and bonus. His annual bonus is calculated as a predetermined percentage of the pretax annual income earned by Acme Brush of Brazil. A condensed income statement for Acme Brush of Brazil for the most recent year is as follows (amounts in thousands of Brazilian real [BRL]):
Sales . . . . . . . . . . . . . . . . . . . . . . . . Expenses . . . . . . . . . . . . . . . . . . . . . Pretax income . . . . . . . . . . . . . . . . .
BRL10,000 9,500 BRL 500
After translating the Brazilian real income statement into U.S. dollars, the condensed income statement for Acme Brush of Brazil appears as follows (amounts in thousands of U.S. dollars [US$]):
Sales . . . . . . . . . . . . . . . . . . . . . . . . Expenses . . . . . . . . . . . . . . . . . . . . . Pretax income (loss) . . . . . . . . . . . . .
US$3,000 3,300
US$ (300
Required:
a) Explain how Acme Brush of Brazil’s pretax income (in BRL) became a U.S.-dollar pretax loss.
The Acme Brush of Brazil pre tax income in BRL became a United States dollar pretax loss because the dollar if financially stronger as compared to the BRL; this is the reason as to why it became a United States dollar pretax loss.
b) Discuss whether Cooper Grant should be paid a bonus or not.
Cooper Grant ought to be paid a bonus mostly due to the simple fact that as the wholly owned Brazilian subsidiary of the United States based Acme Brush and as such they ought to be paid a compensation which consists of both a bonus as well as a salary. Another factor is that they also tend to incur a pretax loss as a result of translating the Brazilian Real each time they are compensated without the bonus (Saudagaran, 2009).
Answer:
THINKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
Explanation:
A car manufacturer is considering locating an assembly plant in your region. List two simple, two intermediate, and two complex problems associated with this proposal from your perspective.
Answer:Explanation:
simple problems
a. it could bring about issues of traffic congestion
b. it could also cause pollution problems in the area.
intermediate problem
a. the car manufacturer may not be allowed to site such a project of large scale as this in the region
b. the region may not be an economiCally favourable place. the car manufacturer has to check this before going ahead.
complex problem
a. getting suitable workforce with required skills to work
b. Getting storage space for vehicles that have been manufactured.
Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materials used in production $54,000 Direct labor 60,000 Factory overhead 36,000 Work in process inventory, April 1 46,000 Work in process inventory, April 30 39,000 Finished goods inventory, April 1 23,000 Finished goods inventory, April 30 14,000Required:a. For April, determine the cost of goods manufactured.b. a. For April, determine the cost of goods sold.
Answer:
a. Cost of Goods Manufactured = $157,000
b. Cost of goods sold = $166,000
Explanation:
Manufacturing Cost Schedule
Direct Material $54,000
Direct labor $60,000
Factory overhead $36,000
Add Opening Work in process inventory $46,000
Less Closing Work in process inventory ($39,000)
Cost of Goods Manufactured $157,000
Finished Goods Account
Debit :
Opening Finished goods inventory $23,000
Cost of Goods Manufactured $157,000
Totals $180,000
Credit :
Closing Finished goods inventory $14,000
Cost of goods sold (Balancing figure) $166,000
Totals $180,000
Which describes the role of automatic stabilizers in the economy?
Another view of leadership focuses on a continuum of behavior ranging from a type of leadership with a formal hierarchy and power emanating from the top down to the other end of the range where: Select one: a. leaders seek sole possession of power and control. b. leadership is distributed among, and stems from, team members. c. those lowest in the organization have the most power due to threats and sabotage. d. a heavy leadership commitment toward bureaucracy and task monitoring.
Answer:
b
Explanation:
leadership is distributed among, and stems from, team members.
Leadership is distributed among and stems from, team members.
The answer is option B.
What are leadership skills?Leadership skills can be described as moves or a collection of moves used to force or guide groups and peers to success. They recognize how to manage, have an effect on, and encourage all of us in their group. They recognize a way to deal with difficult situations and hold their teams engaged and centered.
Who is a good leader?There are a number of vast expertise regions which might be particularly critical for leaders. Those encompass strategic wondering, making plans and delivery, people control, alternate management, verbal exchange, persuasion, and impact. Consequently, they may be known as right leaders.
Learn more about Leadership skills here: brainly.com/question/25996547
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"Approximately how many periods does it take the capital stock to get halfway to its new, higher steady-state value when s increases from 0.2 to 0.25"
Answer:
Hello your question is incomplete attached below is the missing part
answer : 99
Explanation:
When the value increase from 0.2 to 0.25 it will take an approximate of 99 periods for the capital stock to get halfway to its new higher steady state value as shown below
s = 0.25
k ( steady state ) = [tex](\frac{0.25}{0.1} )^{\frac{1}{1-\frac{1}{3} } }[/tex] ≈ 3.95283 and this value will be obtained at period 99
Which of the following would lead to an increase in the demand for golf balls?
a. A decrease in the cost of producing golf balls.
b. An increase in the price of golf clubs
c. An decrease in the price of golf balls
d. An increase in average household income when golf are a normal good.
Answer:
Option C, An decrease in the price of golf balls, is the right answer.
Explanation:
Option “C” is correct because as per the law of demand, the price of a commodity and its demand are inversely related to each other. If the price increases, then the demand for the commodity falls. If the price of the commodity falls, then the demand increases. Similarly, in the case of golf balls, when its price decreases then this decrease in price will result in an increase in demand for golf balls.
What evaluation criteria is used in economic analysis?a. Time to completion b. Technical feasibility c. Sustainability d. Financial units (dollars or other currency)
Answer:
The evaluation criteria used in economic analysis is:
d. Financial units (dollars or other currency)
Explanation:
The evaluation criteria for economic analysis is usually based on financial units, which are national currencies. They represent the monetary values of the elements of any economic analysis. For instance, to ascertain the profitability or otherwise of a transaction, the sales value is compared to the costs. The excess of the sales value over the costs is regarded as the profit. The reverse is regarded as the loss. The evaluation criteria for these two economic analysis is based on the financial units of sales and costs expressed as national currencies.
A company acquires a bulldozer and its only two components for a total of $500,000 on 1/1/25. The useful life of the bulldozer is 10 years with no salvage value. The treads with a value of $45,000 will need to be replaced every nine years with no salvage value. The blade has a value of $20,000 and needs to be replaced every four years with no salvage value. The company uses the straight-line method to compute depreciation. Under IFRS, what is depreciation expense for 2025?
Answer:
The depreciation expense for 2025 is $50,000.
Explanation:
Straight line method charges a fixed amount of depreciation based on the cost of asset during the period of use.
Here the Bulldozer, the treads and the blades are significant in value and have different consumption pattern, thus they are all depreciated separately.
The Depreciation Expense Calculation is as follows :
Depreciation Expense = (Cost - Residual Value) ÷ Estimated Useful Life
thus,
Depreciation Expense (Bulldozer) = ($500,000 - $45,000 - $20,000) ÷ 10
= $43,500
Depreciation Expense (Treads) = ($45,000 - $0) ÷ 10
= $4,500
Depreciation Expense (Blade) = ($20,000 - $0) ÷ 10
= $2,000
Total depreciation expense is = $43,500 + $4,500 + $2,000
= $50,000
If all monopolistically competitive firms had identical cost curves:_________.a. the industry would remain monopolistically competitive because of product differentiationb. short-run profit for each firm would be negativec. long run profit for each firm would be positived. excessive band proliferation would resulte. the industry would become perfectly competitive
Answer:
a. the industry would remain monopolistically competitive because of product differentiation
Explanation:
Monopolistic competition pertains to a current market in which it integrates with different firms that are directly connected to one another and that also sell differentiated products. There is also free market entry and exit
In case when it contains the same cost curves so this represents the product differentitation
Hence, the correct option is A.
Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received a $20,000 bill from her accountant for consulting services related to her small business. Isabel can pay the $20,000 bill anytime before January 30 of next year without penalty. Assume her marginal tax rate is 37 percent this year and next year, and that she can earn an after-tax rate of return of 12 percent on her investments. a. What is the after-tax cost if Isabel pays the $20,000 bill in December
Answer:
A.$12,600
B.$13,393
Explanation:
a. Calculation for the after tax cost if pays on December
First step
Tax savings in current year = $20,000×37%
Tax savings in current year=$7,400
Second step is to find the After tax cost using this formula
Let plug in the formula
After tax cost = Cost of bill - Tax saving
After tax cost = 20,000-7,40
After tax cost=$12,600
Therefore the after tax cost if pays on December will be $12,600
b. Calculation for the after tax cost if pays on January
First step
Tax savings in next year = $20,000×37%
Tax savings in next year =$7,400
Second step the Present value of $1 at 12% for one year will give is 0.893
Third step
Present value of tax savings = $7,400×.893
Present value of tax savings =$6,607
Last step is to find the After tax cost using this formula
After tax cost=Cost of bill -Present value of tax savings
Let plug in the formula
After tax cost= $20,000-6,607
After tax cost=$13,393
Therefore the after tax cost if pays on January will be $13,393
"You are working late tonight. Everyone else has gone home for the day, but you’ve been working on the presentation you’ll be giving with your team at the sales meeting tomorrow afternoon. You would like to get their input on what you have done. How can you get them to respond to your presentation first thing in the morning?"
Late-night presentation.
As per the question, the last night's work is in the form of a presentation and needs to be worked on for the next day to give the team information about the sales meeting and information regarding the afternoon. Hence to get most input on what the work has been done for the day.
The answer is a conference call.
As the late-night work is demanding and stressful it an end to be complete during the night and hence the presentation will take time to get completed. Since he has less time the input can be gathered from the team by taking group calls.Learn more about the late tonight.
brainly.com/question/19563052.
The Morrit Corporation has $960,000 of debt outstanding, and it pays an interest rate of 12% annually. Morrit's annual sales are $6 million, its average tax rate is 25%, and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 6 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morrit's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.
Answer: 3.08
Explanation:
The following can be calculated from the information given in the question:
Interest amount will be:
= $960,000 × 12%
= $960,000 × 0.12
= $115,200
Net profit will be:
= 3% of $6 million
= 0.03 × $6 million
= $180,000
Net profit + tax will be thesame as the profit before tax and this will be:
= $180,000/(1 - 25%)
= $180,000/75%
= $180,000/0.75
= $240,000
The addition the profit before tax and the interest will be:
= 240,000 + $115,200
= $355,200
TIE ratio will be:
= EBIT/Interest
= $355,200/$115,200
= 3.08
Bank will also refuse to renew
At the end of January, Mineral Labs had an inventory of 735 units, which cost $8 per unit to produce. During February the company produced 700 units at a cost of $12 per unit. a. If the firm sold 1,100 units in February, what was the cost of goods sold? (Assume LIFO inventory accounting.)
Answer:
COGS= $11,600
Explanation:
Giving the following information:
Beginning inventory= 735 units for $8
During February the company produced 700 units for $12 per unit.
Units sold= 1,100
Under the LIFO (last-in, first-out) method, the cost of goods sold is calculated using the cost of the last units produced.
COGS= 700*12 + 400*8
COGS= $11,600
what lead to Henry Ford's success
Answer:
Henry Ford made a car that was affordably for people to buy.
Explanation: just is
Summarize the main points of a wise investment strategy
Answer:
Strategy 1: Value Investing.
Strategy 2: Growth Investing.
Strategy 3: Momentum Investing.
Strategy 4: Dollar-Cost Averaging.
Collections of related activities intended to achieve a common purpose are called:______.
Answer:
Processes
Explanation:
The process is a general term that is used in all fields of human endeavor including business operations to defined a form of set instructions or connected actions that seeks to derive or eventually get a mutual goal at the end. In the business world, it is called Business Process.
Hence, Collections of related activities intended to achieve a common purpose are called PROCESSES
What does Net price mean
Answer:
Net price is the actual price a buyer/consumer will pay.
Business objectives are not just about
profit
True or false
Answer:
True
Explanation:
The answer is true
Answer:
The answer is true because
Explanation:
One doesn't just start up business for the gains and benefits, yes we get profits but we buy and sell goods for the betterment of our country or society.
b. Also to help someone move ahead or go to the next level in life.
I hope this has helped you.
Cherise considers movies and concerts to be perfect substitutes. When Cherise maximizes her utility, what will her optimal bundle of movies and concerts probably look like? Cherise’s indifference curves will be straight lines. Her optimal bundle will likely consist of just 1 good. Cherise’s indifference curves will be convex to the origin. Her optimal bundle will likely include both goods, with the relative proportions partially determined by their relative prices. Cherise’s indifference curves will be L-shaped. Her optimal bundle will include both goods, consumed in a fixed proportion. Cherise’s indifference curves will be concave to the origin. Her optimal bundle will likely consist of just 1 good.
Answer:
Cherise’s indifference curves will be straight lines. Her optimal bundle will likely consist of just 1 good.
Explanation:
When two goods are perfect substitutes, their indifference curve is a straight line. The slope of the line is negative and it is -1, since any increase in the price of good A will result in the purchase of good B.
Indifference curves that are L-shaped result from two goods being perfect complements, not perfect substitutes.
Generally, indifference curves are convex, since the more you consume of good A will result in a higher substitution rate for good B.
Concave indifference curves are not common, since the more you consume of good A results in a lower substitution rate of good B, i.e. the more you consume of good A results in you wanting less of good B.
Answer:
the answer is D !
Explanation:
i just took the quiz!
Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the year with a balance of $35,000. During the year, Miko's share of the partnership income was $7,500, and Miko received $4,000 in distributions from the partnership. What is Miko's partner return on equity
Answer: 20.4%
Explanation:
The following information can be gotten from the question:
Beginning equity = $35,000
Ending equity = $35,000 + $7,500 - $4,000 = $38,500
Average equity = ($35,000 + $38,500)/2
= $73,500/2
= $36,750
Miko's partner return on equity will now be:
= $7,500/$36,750
= 0.2041
= 20.4%
