. Gwen is leading a meeting and wants to make sure that they stick to the agenda and end on time. What should she do to move the meeting along? a. Say as much as possible during the meeting. b. Move divergent topics to a separate list to be discussed later. c. Not worry so much about time; the most important thing is to make sure that all agenda items are discussed fully. d. Ask anyone who monopolizes the conversation to leave.

Answers

Answer 1

Answer:

b.

Explanation:

When leading a meeting with many different topics, the best way to move the meeting along faster so that it ends in time is to move divergent topics to a separate list to be discussed later. This would remove the unimportant topics from that specific meeting and allow the very specific important topics to be discussed thoroughly in that meeting, thus moving it along but still being as efficient as possible. The divergent topics can be scheduled to be discussed at a later date when they are of a higher priority.


Related Questions

10. Define transfer pricing. Describe at least two methods of defending transfer prices if they are challenged by tax authorities. How are transfer prices used in managing multinational tax exposures

Answers

Answer:

Explanation:

(A) What is Transfer Pricing?

This is an accounting practice that sets prices for goods and services bought and sold between related entities.

(B) Two methods of defending transfer prices if they are challenged by tax authorities:

1. Treating the related or commonly controlled entities as if they are 2 independent entities.

2. Claiming that services rendered between the 2 related entities could not be priced.

(C) How are transfer prices used in managing multinational tax exposures?

- Transfer Prices help reduce import and export duties. They are used to manage multinational tax exposures by exporting or shipping the goods at a low transfer price, to subsidiaries or related entities in countries with high tariff rates.

- It reduces income taxes and corporate taxes in high tax countries, by overpricing goods that are sold/transferred to subsidiaries in countries with low tax rate.

You just made the last monthly payment on a 30 year mortgage -- the house is yours! In your joyous moment, you calculate how much you made in payments over those 30 years, and it is $647,514! If your interest rate was an APR of 6%, and you made equal monthly payments, how much did you originally borrow for this house

Answers

Answer:

$112,807

Explanation:

To calculate the amount of money you borrowed, you have to use the formula to calculate the present value:

PV=FV/(1+r)^n

PV= pressent value

FV= future value= 647,514

r= rate= 6%

n= number of periods of time= 30

PV=647,514/(1+0.06)^30

PV=647,514/(1.06)^30

PV=647,514/5.74

PV=112,807

According to this, you originally borrowed $112,807 for this house.

8. Kidder Corporation hired Louis as a stockbroker. The employment contract provided that all disputes between the parties would be decided by arbitration. The employment agreement was a standardized form prepared by the corporation. Does Louis have a valid challenge to the legality of the contract

Answers

Answer:

idk

Explanation:

One reason the federal government might​ "bail out" farmers in flood prone areas of the​ country? A. Such flooding is​ diversifiable, but the market for such insurance policies cannot clear without the assistance of the International Community. B. Such flooding is​ diversifiable, but insurance company CEOs are more concerned with their stockminusholder wealth than the wellminusbeing of farmers. C. Such flooding is not diversifiable and therefore only nonminusprofit ​entities, such as the federal​ government, can cover the risks. D. Such flooding is known to happen on a regular basis and therefore there is no​ "risk" to be insured against.

Answers

Answer: Such flooding is not diversifiable and therefore only non-profit ​entities, such as the federal​ government, can cover the risks

Explanation:

One reason that can make the federal ggovernment to bail out farmers in the flood prone areas of the​ country will be in a situation whereby the flooding is not flooding is not diversifiable and therefore only non-profit ​entities, such as the federal​ government, can cover the risks.

In this situation since the risk associated with the flooding can't be diversified, this can lead to profit making entities to run from bailing out the farmers because they'll believe there's nothing to gain for them so it might be left for the government to take charge and help out.

Hopewell Corporation Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 21,000 Liabilities 20,000 Other Assets 26,000 Equity 27,000 Total Assets 47,000 Total Liabilities & Equity 47,000 Hopewell Corporation Income Statement January 1 to March 31, 2020 (amounts in thousands) Revenue 5,500 Expenses 2,600 Net Income 2,900 Between January 1 and March 31, 2020: 1. Cash decreases by $100,000 2. Liabilities decrease by $300,000 3. Paid-In Capital does not change 4. Dividends paid of $300,000 What is the value for Other Assets on March 31, 2020?

Answers

Answer:

The value for Other Assets on March 31, 2020 $29,000,000

Explanation:

Hopewell Corporation Balance Sheet As of December 31, 2019

Cash = $21,000,000

Other Assets = $26,000,000

Total Assets = $47,000,000

Liabilities = $20,000,000

Equity = $27,000,000

Total Liabilities & Equity = $47,000,000

Hopewell Corporation Income Statement January 1 to March 31, 2020

Revenue = $5,500,000

Expenses = $2,600,000

Net Income = $2,900,000

Between January 1 and March 31, 2020:

1. Cash decreases by $100,000

2. Liabilities decrease by $300,000

3. Paid-In Capital does not change

4. Dividends paid of $300,000

Assets

Cash = $21,000,000 - $100,000 = $20,000,000

Liabilities = $20,000,000 - $300,000 = $19,700,000

Equity = $27,000,000 + $2,600,000 - $300,000 = $29,300,000

Total Liabilities & Equity = $19,700,000 + $29,300,000 = $ 49,000,000

Other assets =  $49,000,000 - $20,000,000 = $29,000,000

Ronald, Inc. had the following balances and transactions during 2017: What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2017 balance sheet, using the periodic weighted-average inventory costing method

Answers

Answer: $707

Explanation:

Using the Periodic System means that inventory is updated per period. This means that using the Weighted Average method, Ending Inventory prices will be calculated on the basis of all inventory in the period.

Weighted Average Method aims to ascribe a single price to all the inventory units sold by a company and so divides the entire cost by the number of units.

Number of Units bought in 2017,

Opening Balance = 12 units

June 10 = 24 units.

= 12 + 24

= 36 units.

Cost of the the 36 units

= (12 * 91) + (24 * 87)

= $3,180

Weighted Average Cost,

= 3,180/36

= $88.33

During the year they sold 28 units (10 + 18) meaning that 8 units (36 - 28) were left.

The closing Inventory on the 12/31/2020 therefore is,

= 8 * 88.33

= $706.66

= $707

MGM Resorts Incorporated is expected to grow at an exceptionally high rate over the next 2 years due to the success of Macau casino. Growth in dividends is expected to be 20% for the next 2 years before reverted back to a constant rate of 4% that is expected to continue indefinitely. If MGM Resorts’ paid a $1.20 dividend yesterday (D0=$1.20) and the stock is valued according to a required rate of return of 14%, what is the value of a share of MGM Resorts stock today?

Answers

Answer:

The value of a share of MGM Resorts stock today will be $16.42

Explanation:

In order to calculate the value of a share of MGM Resorts stock today we would have to calculate the following steps:

Step-1, Dividend for the next 2 years

Dividend per share in Year 0 (D0) = $1.20 per share

Dividend per share in Year 1 (D1) = $1.4400 per share [$1.20 x 120%]

Dividend per share in Year 2 (D2) = $1.7280 per share [$1.4400 x 120%]

Step-2, Share Price in Year 2

Dividend Growth Rate after Year 2 (g) = 4.00% per year

Required Rate of Return (Ke) = 14.00%

Share Price in Year 2 (P2) = D2(1 + g) / (Ke – g)

= $1.7280(1 + 0.04) / (0.14 – 0.04)

= $1.7971 / 0.10

= $17.97 per share

Step-3, The Current Stock Price

As per Dividend Discount Model, Current Stock Price the aggregate of the Present Value of the future dividend payments and the present value the share price in year 2

Year      Cash flow ($)        PVF at 14.00%           Present Value of cash flows ($)

                                                                             [Cash flows x PVF]

1            1.4400                   0.877193                           1.26

2           1.7280                  0.769468                          1.33

2            17.97                   0.769468                          13.83

TOTAL   16.42

Hence, the value of a share of MGM Resorts stock today will be $16.42

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100.000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. 0.76 points March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share. May 10 Purchases 5,500 shares of treasury stock for $60 per share. June 1 Declares a cash dividend of $1.75 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,750 shares of treasury stock purchased on May 10 for $65 per share Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000; Additional Paid-in Capital, $5,000,000; and Retained Earnings, $2,500,000. Net income for the year ended December 31, 2021, is $650,000.
Required: Prepare the stockholders' equity section of the balance sheet for Power Drive Corporation as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

Answers

Answer:

                    Power Drive Corporation

                  Stockholders' Equity Section

                           December 31, 2021

Paid in capital:

    Common Stock $1 par                                  $160,000

    (160,000 shares authorized, 157,250

    shares outstanding)

    Additional paid in capital,                         $8,360,000

    in excess of par value

    Additional paid in capital,                               $13,750

    from Treasury Stock                                                      

    Total paid in capital                                   $8,533,750

Retained earnings                                          $2,879,625

Sub-total                                                           $11,413,375

    Treasury Stock                                            ($165,000)

Total Stockholders' Equity                           $11,248,375

Explanation:

beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000 + $60,000Additional Paid-in Capital, $5,000,000 + $3,360,000 + $13,750Retained Earnings, $2,500,000 + $650,000 - $270,375 treasury stock $330,000 - $165,000

Net income for the year ended December 31, 2021, is $650,000.

March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share.

Dr Cash 3,420,000

    Cr Common stock 60,000

    Cr Additional paid in capital 3,360,000

May 10 Purchases 5,500 shares of treasury stock for $60 per share.

Dr Treasury stock 330,000

    Cr Cash 330,000

June 1 Declares a cash dividend of $1.75 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)

Dr Retained earnings 270,375

    Cr Dividends payable 270,375

July 1 Pays the cash dividend declared on June 1.

Dr Dividends payable 270,375

    Cr Cash 270,375

October 21 Resells 2,750 shares of treasury stock purchased on May 10 for $65 per share

Dr Cash 178,750

    Cr Treasury stock 165,000

    Cr Additional paid in capital 13,750

2. What does an interest inventory measure?
A. The skills you have
B. Your ability to learn
C. The things you like to do
D. The things you do extremely well

Answers

Interest inventory measures the skills u have

The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget:
Data Year 2 Quarter Year 3 Quarter
1 2 3 4 1 2
Budgeted unit sales 45,000 70,000 105,000 70,000 90,000 100,000
Selling price per unit $7 per unit
a. What are the total expected cash collections for the year under this revised budget?
b. What is the total required the production for the year under this revised budget?
c. What is the total cost of raw materials to be purchased for the year under this revised budget?
d. What are the total expected cash disbursements for raw materials for the year under this revised budget?
e. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 80,000 units in any one quarter. Is this a potential problem?

Answers

Answer:

a. What are the total expected cash collections for the year under this revised budget?

65 + 236.25 + 78.75 + 367.5 + 122.5 + 551.25 + 183.75 + 367.5 = 1,972.5 x $1,000 = $1,972,500

b. What is the total required production for the year under this revised budget?

52.5 + 80.5 + 94.5 + 76 = 303.5 x 1,000 = 303,500 units

c. What is the total cost of raw materials to be purchased for the year under this revised budget?

237 + 367.5 + 507.5 + 360 = 1,472 x 1,000 = 1,472,000 pounds x $0.80 = $1,177,600

d. What are the total expected cash disbursements for raw materials for the year under this revised budget?

195.26 + 252.24 + 361.2 + 330.4 = 1,139.1 x $1,000 = $1,139,100  

e. After seeing this revised budget, the production manager cautioned that due to the current production constraint, a complex milling machine, the plant can produce no more than 80,000 units in any one quarter. Is this a potential problem?

No, since total budgeted sales for the year are 303,500 units, which divided by 4 quarters = 75,875 units per quarter. All you need to do is increase quarter 1 production by 15,000 units, and that would satisfy quarters 2 and 3 needs.

Explanation:

                                    Year 2 Quarter               Year 3 Quarter

                            1           2          3          4               1            2

unit sales           45        70        105      70            90          100

(in thousands)

total sales         315      490       735     490         630         700

(in thousands)

cash collected  65       78.75   122.5   183.75    122.5       157.5

(in thousands) 236.25 367.5   551.25 367.5     472.5       525

75% of sales are collected during this quarter and 25% are collected the next quarter

beginning $65,000

ending finished inventory 30% of budgeted sales for next quarter

                                    Year 2 Quarter               Year 3 Quarter

                            1           2          3          4               1            2

beginning          13.5       21       31.5       21            27          30

ending                21        31.5       21        27           30            ?

quarter sales     45        70        105      70            90          100

production        52.5     80.5     94.5    76            93            ?

cost of raw materials = $0.80, 5 pounds per unit produced

beginning inventory of raw materials = 23,000 pounds

desired ending inventory of raw materials = 10% of next quarter's needs

                                    Year 2 Quarter               Year 3 Quarter

                            1           2          3          4               1            2

beginning          23        35       52.5       35            45          50

ending               35        52.5       35        45           50            ?

quarter needs   225      350     525       350         450         500

raw materials    237     367.5    507.5    360         455            ?

60% of raw materials cost paid during the quarter, 405 paid the next quarter

beginning accounts payable 81.5

                                    Year 2 Quarter               Year 3 Quarter

                            1           2          3          4               1            2

past q $              81.5     75.84    117.6   162.4         112         114

next q $             75.84    117.6    162.4     112           114           ?

quarter needs   189.6     294     406       280         360         ?

payments         195.26   252.24  361.2   330.4      358         ?

For the next 2 questions, use the financials of Acme Corporation. After adjusting revenue for accounts receivable and deferred revenue, how much cash did Acme generate from revenue for the nine months ending September 30, 2017

Answers

Answer: B. $892.1 million

Explanation:

The Revenue was $939,393 million

When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.

Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.

Increase in Receivables = 309,196 - 221,504

= $87,692 million

Increase in Deferred Revenue= 374,730 - 334,358

= $40,372 million

The Cash generated is therefore;

= 939,393 - 87,692 + 40,372

= $892,073

= $892.1 million

I have attached the Financial Statements of Acme Corporation.

A rich donor gives a hospital $ 960 comma 000 one year from today. Each year after​ that, the hospital will receive a payment 5 ​% larger than the previous​ payment, with the last payment occurring in ten​ years' time. What is the present value​ (PV) of this​ donation, given that the interest rate is 9 ​%?

Answers

Answer:

$7,560,000

Explanation:

To solve this problem, the Present Value (PV) of a growing annuity formula is used.

The Present Value of a growing annuity is the current value of a series of payments which grows or diminishes at a constant rate each period.

The formula below represents the PV of a growing annuity:

[tex]PV=PMT *\frac{(1-(1+g)^{n}*(1+i)^{-n}) }{i-g}[/tex],  ............................................. (i)

where,

PV = Present Value = ?

PMT = Periodic Payment = $960,000

i = Interest Rate = 9% = 0.09

g = Growth Rate = 5% = 0.05

n = Number of periods = 10 years

Substituting these values in equation (i), we have

[tex]PV=960000*\frac{(1-(1+0.05)^{10}*(1+0.09)^{-10} }{0.09-0.05}[/tex]

[tex]PV=960000*\frac{(1-(1.05^{10})*(1.09)^{-10}) }{0.04}[/tex]

[tex]PV=960000*\frac{(1-(1.63*0.42))}{0.04}[/tex]

[tex]PV=960000*\frac{(1-0.685)}{0.04}[/tex]

[tex]PV=960000*\frac{0.315}{0.04}[/tex]

[tex]PV=960000*7.875[/tex]

[tex]PV=$7,560,000[/tex]

PV = $7,560,000

You are a crude oil dealer. You intend to sell 40,000 barrels of crude oil in December. Each contract calls for delivery of 1,000 barrels of oil. Current futures price of one barrel of crude oil is $70. You believe that there are only four possible oil prices in December which are $50, $60, $70, and $80. i. Explain what action you would take to protect from changes in oil prices in December. Provide reasons for your action. ii. Calculate the total proceeds for each of the possible prices in December. Question 3 3 marks

Answers

Answer:

i. buy put option

ii. Proceeds will be as follows:

   $50 : 2,000,000

   $60 : 2,400,000

   $70 : 2,800,000

   $80 : 3,200,000

Explanation:

i. A put is option is one in which buyer of the option has a right to sell the asset at an agreed price at a later date. There can be a premium on the purchase of an option but its safe to buy an option to reduce risk exposure.

ii. $50 : 2,000,000 (40,000 barrels * $50)

   $60 : 2,400,000  (40,000 barrels * $60)

   $70 : 2,800,000  (40,000 barrels * $70)

   $80 : 3,200,000  (40,000 barrels * $80)

Which of the following statements is FALSE about opportunity​ cost? A. Opportunity cost exists only for goods with monetary values. B. Cost is always foregone opportunity. C. When a person buys two​ items, the concept of opportunity cost applies even though she can afford to buy both items. D. Opportunity cost is the next best alternative.

Answers

Answer:

A. Opportunity cost exists only for goods with monetary values.

Explanation:

Fundamentally, these are costs in economics used in analysis of a project, and it can also be used for calculation of cost benefits. It is generally known to measure or do all calculation that deals with the current and also forgone alternatives in any condition but this is mainly in economics where it is mostly used.

It is said that when a person buys two or more items, the concept of opportunity cost applies even though she can afford to buy both items and also known to be the best alternative. Here also, cost is notified as foregone opportunity.

Cat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking to take over as the market share leader in the segment. Without sacrificing contribution margin, what can the Cat product manager do in order to improve upon the buying criteria, and thus potentially increase demand

Answers

Answer:

Increase promotion spending

Explanation:

Note that the challenge for the product is to get a demand that supersedes that of their competitor. Thus, by spending more on promotion they could still maintain the contribution margin while at the same time increase consumers demand the product.

For example, by adding extra gift items to their products consumers would likely feel motivated to buy the product over the other.

Before closing the office for the day, Lisa took a phone call from a corporate customer who wanted to make a reservation for three nights at Wildwood Inn. The total cost came to $473.00. The customer asked Lisa to charge the total amount to the company's account. Which T-Account or T-Accounts listed below correctly show how a sale on account should be recorded?

Answers

Answer:

A sale on account would be recorded with the following T-Accounts:

Sales Revenue - increases, so the amount is credited.

Dr.                         Cr.

                             $473.00

Accounts Receivable - is an asset, and increases, so the amount is debited.

Dr.                         Cr.

$473.00

1. Below are some of the components for Prufrock Corp. income statement for the year ending December 31t, 2016. Use the values to fill in the income statement and calculate the net income. All values are given in millions of dollars and there may be more lines provided than needed.
Sales $70,000
Tax Rate = 34%
Depreciation = $16,000
Interest Paid = $450
Cost of Goods Sold $35,000
Income Statement
Earnings Before Interest and taxes (EBIT)
Taxable Income (EBT)
Net Income
2. Prufrock Corp. has 4,000 million shares outstanding. If they do not reinvest any of their earnings what will be the dividend per share paid out this year?
3. Assume that the dividend from Part B will be paid out one year from today. After the initial dividend from part B is paid, the dividend is expected to grow at a rate of 4% per year. Investors require a 10% return on their investment, what is the current share price?

Answers

Answer and Explanation:

1. The computation of Earnings Before Interest and taxes, Taxable income and Net income is shown below:-

Earnings Before Interest = Revenue from sales - Cost of goods sold - Depreciation

= $70,000 - $35,000 - $16,000

= $19,000

Taxable Income = Earnings Before Interest - Interest paid

= $19,000 - $450

= $18,550

Net Income = Taxable Income - Taxes

= $18,550 - ($18,550 × 34%)

= $18,550 - $6,307

= $12,243

2. The computation of dividend per share is shown below:-

Dividend per share = Net income ÷ Number of shares outstanding

= $12,243 ÷ 4,000 million

= $3.06

3. The computation of current share price is shown below:-

Current share price = Current dividend ÷ (Expected return - Growth rate)

= $3.06 ÷ (10% - 4%)

= $3.06 ÷ 6%

= $51

Therefore we have applied the above formula.

Job order cost accounting for a service company The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July: July 3. Charged 175 hours of professional (lawyer) time at a rate of $150 per hour to the Obsidian Co. breech of contract suit to prepare for the trial 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $12,500 14. Charged 260 hours of professional time for the Obsidian trial at a rate of $185 per hour 18. Received invoice from consultants Wadsley and Harden for $30,000 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $62 per professional hour charged to the Obsidian case 31. Paid administrative and support salaries of $28,500 for the month 31. Used office supplies for the month, $4,000 31. Paid professional salaries of $74,350 for the month 31. Billed Obsidian $172,500 for successful defense of the case a. Provide the journal entries for each of these transactions.b. How much office overhead is over or underapplied?

Answers

Answer:

Explanation:

the problem requires to be done in a tabular form so had to pen it down in other to understand better. The picture attached shows the whole solution

Business Calculators Inc. will pay an annual dividend of $2.25 per share next year. The company just announced that future dividends will be increasing by 0.75 percent annually. How much are you willing to pay for one share of this stock if you require a rate of return of 12.25 percent?

Answers

Answer: $19.57

Explanation:

You should be willing to pay for the what the stock is valued at the moment and you can use the Gordon Growth Model to value this stock.

Formula is,

Vs = D1/ Re - g

Vs = Value of stock

D1 = the next dividend

Re = Required Return

g = growth rate

Value of stock is,

= 2.25 / ( 12.25% - 0.75%)

= $19.565

= $19.57

Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 350,000 Income tax expense $ 39,000 Interest expense 12,000 Cost of goods sold 125,000 Salaries expense 37,000 Advertising expense 23,000 Utilities expense 43,000 Prepare a multiple-step income statement.

Answers

Answer and Explanation:

The preparation of the multiple-step income statement is presented below:

                                                 Beasley, Inc.

                                  Multiple-step income statement

                                             December 31, 2021

Sales revenue $350,000

Less: Cost of goods sold -$125,000

Gross profit $225,000

Less: Operating expenses

Salaries expense -$37,000

Advertising expense -$23,000

Utilities expense -$43,000

Operating income $122,000

Less: interest expense -$12,000

Income before income tax $110,000

Less: income tax expense -$39,000

Net income $71,000

We simply deduct all the expenses from the sales revenue so that the net income could arrive

New Age Makeup produces face cream. Each bottle of face cream costs $10 to produce and can be sold for $13. The bottles can be sold as is, or processed further into sunscreen at a cost of $14 each. New Age Makeup could sell the sunscreen bottles for $23 each.
A) Face cream must be processed further because its profit is $9 each.
B) Face cream must not be processed further because costs increase more than revenue.
C) Face cream must not be processed further because it decreases profit by $1 each.
D) Face cream must be processed further because it increases profit by $3 each.

Answers

Answer:

Face cream must not be processed further because costs increase more than revenue.

Explanation:

Profit = Total revenue - Total cost

If sold as face cream, total profit = $13 - $10 = $3

If processed into sunscreen , total cost = $10 + $14 = $24

Profit = $24 - $23 = $1

The profit from selling the product as a face cream is greater than the profit of developing it to a face cream. So the product shouldn't be developed further.

I hope my answer helps you

g (Ignore income taxes in this problem.) Overland Corporation has gathered the following data on a proposed investment project: Click here to view Exhibit 8B-1 and Exhibit 8B-2 to determine the appropriate discount factor(s) using tables. Investment required in equipment $ 440,000 Annual cash inflows $ 77,000 Salvage value of equipment $ 0 Life of the investment 20 years Discount rate 13 % The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The internal rate of return on the investment is closest to:

Answers

Answer:

16.70%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator:

Cash flow in year 0 = $-440,000

Cash flow each year from year one to twenty = $77,000

IRR = 16.70%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

Assume there are 1000 homes in a flood zone in an area in which sea levels are rising. An additional 1000 homes are above the flood zone and at less risk. A levee could be built to prevent the rise in sea level from affecting the homes. It is worth $20,000 per home in the flood zone to have the levee built. It is worth $5,000 per home not in the flood zone to have the levee built. The levee costs $22,000,000 to build. Which of these makes the most economic sense?
A. The government should leave this to the free market.
B. The free market will have difficulty building the levee because the levee is non-rival and non-excludable. So the government may have to intervene and force homeowners to pay through taxes to fund the levee as the benefits exceed the costs.
C. The free market will have difficulty building the levee because the levee is non-rival and non-excludable. However the benefits do not exceed the costs anyway so there is no need for the government to intervene.
D. The free market will have some difficulty building the levee because the levee is non-rival. However it is excludable. So there is only a partial argument for government intervention here.

Answers

Answer: The free market will have difficulty building the levee because the levee is non-rival and non-excludable. So the government may have to intervene and force homeowners to pay through taxes to fund the levee as the benefits exceed the costs.

Explanation:

From the question, we are informed that if there are 1000 homes in a flood zone in an area whereby the sea levels are rising and there's an additional 1000 homes that are above the flood zone and are at less risk. Since the levee costs $22,000,000 to build, the best thing to do economic sense will be that the free market will have difficulty building the levee because the levee is non-rival and non-excludable.

It should be noted that in a free market, decisions are made by individuals through price signals and forces of demand and supply. Therefore since this is a public good as it is non rival and non excludeable, there will be need for the intervention of the government in order to collect taxes from the homeowners.

Answer:b

Explanation: I did this

Business strategy focuses on:_______.
a. ensuring that the company maintains the existing market share that it has historically enjoyed.
b. improving the competitive position of a corporation's products or services within the industry or market segment served.
c. providing adequate shareholders' return on investment. preventing the competition from gaining a competitive edge by undermining their marketing plan.
d. recovering the competitive lead by using all available resources that the company can provide.

Answers

Answer:

b. improving the competitive position of a corporation's products or services within the industry or market segment served.

Explanation:

Business strategy is defined as various decisions and actions a business takes in order to reach its goals and stay competitive in the industry.

This guides the business on resource allocation.

Adjustments to business strategy is continous to tackle challenges a business faces in maintaining bits competitive advantage in the market.

So business strategy focuses on improving the competitive position of a corporation's products or services within the industry or market segment served.

Prepare the adjusting journal entries for the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Supplies for office use were purchased during the year for $700, of which $200 remained on hand (unused) at year-end. Interest of $350 on a note receivable was earned at year-end, although collection of the interest is not due until the following year. At year-end, salaries and wages payable of $4,600 had not been recorded or paid. At year-end, one-half of a $3,000 advertising project had been completed for a client, but nothing had been billed or collected. Redeemed a gift card for $700 of services.

Answers

Answer:

Adjusting Journal Entries:

Debit Supplies Expense $500

Credit Supplies $500

To record supplies used during the year.

Debit Interests on Note Receivable $350

Credit Interest on Note $350

To record interest earned, but not received.

Debit Salaries & Wages Expense $4,600

Credit Salaries & Wages Payable $4,600

To record accrued salaries and wages.

Debit Account Receivable (Advertising Project) $1,500

Credit Service Revenue (Advertising Project) $1,500

To record one-half of advertising project completed.

Debit Cash Account $700

Credit Gift Card $700

To record redemption of a gift card of services.

Explanation:

Adjusting entries are made at the end of an accounting period to record accrued expenses and revenue, depreciation charge, deferred expenses and revenue.  These adjustments bring the accounts to agree with the accrual concept which insists that transactions which do not impact cash flows must be recognized in the period they occur.

Exercise 4-7 (Algo) Income statement presentation; discontinued operations; restructuring costs [LO4-1, 4-3, 4-4] Esquire Comic Book Company had income before tax of $1,650,000 in 2021 before considering the following material items: Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $405,000. The division generated before-tax income from operations from the beginning of the year through disposal of $630,000. The company incurred restructuring costs of $70,000 during the year. Required: Prepare a 2021 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25%. Ignore EPS disclosures. (Amounts to be deducted should be indicated with a minus sign.)

Answers

Answer:

Net income = $1,353,750

Note: See the income statement below.

Explanation:

Before preparing the income statement, the following calculations are done first:

Income from operations of discontinued component = Income before-tax generated by the division - Before-tax loss on disposal = $630,000 - $405,000 = $225,000

Income from continuing operations = Income before tax - Restructuring costs = $1,650,000 - $70,000 = $1,580,000

The income statement can now be prepared as follows:

                Esquire Comic Book Company

                   Partial Income Statement  

          For the year ended December 31, 2021

Details                                                                        $  

Income from continuing operations               1,580,000

Discontinued operations gain (loss):  

Income from discontinued component            225,000

Total income before tax                                  1,805,000

Tax expenses (1,805,000.00 * 25%)                (451,250)

Net income                                                      1,353,750

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales $ 1,535,000 Variable expenses 553,150 Contribution margin 981,850 Fixed expenses 1,080,000 Net operating income (loss) $ (98,150) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division East Central West Sales $ 355,000 $ 660,000 $ 520,000 Variable expenses as a percentage of sales 53 % 23 % 41 % Traceable fixed expenses $ 296,000 $ 331,000 $ 202,000 Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 16%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented

Answers

Answer:

Wingate Company

1. Contribution Format Income Statement (segmented by divisions):

                                         East             Central           West              Total

Sales                             $ 355,000   $ 660,000   $ 520,000  $ 1,535,000

Variable Expenses            188,150         151,800       213,200         553,150

Contribution                     166,850       508,200      306,800         981,850

Traceable Fixed Exp.      296,000        331,000      202,000        829,000

Non-Traceable Fixed Expenses                                                      251,000

Net operating income/

(Loss)                              (129,150)         177,200      104,800          (98,150)

2a) Increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 16%:

                                       East             Central           West              Total

Sales                             $ 355,000   $ 660,000   $ 603,200    $ 1,618,200

Variable Expenses            188,150         151,800       213,200         553,150

Contribution                     166,850       508,200      390,000      1,065,050

Traceable Fixed Exp.      296,000        331,000      230,000        857,000

Non-Traceable Fixed Expenses                                                      251,000

Net operating income/

(Loss)                              (129,150)         177,200      160,000          (42,950)

2b) The net operating income will increase by $55,200, thus reducing the loss from $98,150 to $42,950.

Explanation:

Segmenting the income statement into divisions helps management to trace the loss making division as Division East.  The division has a traceable fixed cost that is far above its contribution to profit.  The fixed expense must be studied, otherwise the division may be up for closure.

Consider the following scenario:
Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization successfully lobbies state regulators to stop the farm's pollution.
1. Which of the following types of private solutions to the externality of pollution has occurred in this case?
Integration of different types of businesses
Contracts
Moral codes and social sanctions
Charities
2. It's important to note that sometimes private solutions to externalities do not work. For example, this occurs when communications barriers or social customs are important enough relative to the potential gains involved that -------.

Answers

Answer: 1. Charities

2. Government action the only viable solution

Explanation:

Externalities are the resultant additional effects that are experienced by others as a result of actions by an economic agent who does not bear the extra aformentioned cost or benefit that their actions bring about.

1. Private Solutions to Externalities include any solution independent of the government.

The above Private Solution is Charities because it was a Non-profit Environmental Organization that dealt with the lobbying for the reduction to be acted upon by state agents. These types of organisations are usually Charities.

2. If it is shown that the potential gains are viewed to be quite high as in this case then negotiating with the polluters might not work. In this case Government Intervention is needed to force the polluters to adhere to rules and regulations.

You are considering an investment in a clothes distributer. The company needs $ 110 comma 000 today and expects to repay you $ 121 comma 000 in a year from now. What is the IRR of this investment​ opportunity? Given the riskiness of the investment​ opportunity, your cost of capital is 17 %. What does the IRR rule say about whether you should​ invest?

Answers

Answer:

The IRR of this investment opportunity is 10%

The IRR rule says that you should not invest

Explanation:

To calculate the IRR of this investment​ opportunity we shall calculate the following:

Let the IRR be x.

Now , Present Value of Cash Outflows=Present Value of Cash Inflows

110,000 =121,000/(1.0x)

x= 10%

Hence, the IRR of this investment opportunity is 10%

Cost of Capital = 17%

The IRR rule says that one must not accept. This is because the IRR is lower than the cost of capital.

Hence you should not invest

Sam is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: In order to swim for an hour, Sam must take time away from work, where he earns $10 per hour. This is in addition to paying a $5 entrance fee for the pool. Which basic principle of individual choice do these statements best illustrate? The cost of something is what you give up to get it. Markets are usually a good way to organize economic activity. People usually exploit opportunities to make themselves better off. Trade can make everyone better off.

Answers

Answer:

The cost of something is what you give up to get it.

Explanation:

To partake in triathlon, Sam is forgoing the amount he would have earned if he went to work instead. This is known as the opportunity cost or implicit cost

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Sam has to pay $5 to partake in the triathlon. This amount is known as explicit cost. Explicit cost is the cost incurred in carrying out an activity.

Sam's accounting cost is $5

Sam's economic cost is $5 + $10 = $15

I hope my answer helps you

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