Answer:
they can donate
Explanation:
they can donate money and other stuff to
The specification for the pull strength of a wire that connects an integrated circuit to its frame is 10 g or more. Units made with aluminum wire have a defect rate of 10%. A redesigned manufacturing process involving the use of gold wire is being investigated. The goal is to reduce the rate of defects to 5% or less. Out of the first 100 units manufactured with gold wire, only 4 are defective. True or false:
Answer:
Since 4 is less 5, it is therefore True that only 4 are defective.
Explanation:
Since the goal of using the gold wire is to reduce the rate of defects to 5% or less, the highest number of defective units from the first 100 units manufactured with gold wire can be calculated as follows:
Highest number of defective units using gold wire = Number of units manufactured with gold wire * Highest defective rate ..................... (1)
Where;
Number of units manufactured with gold wire = 100
Highest defective rate using gold wire = 5%
Substituting the values into equation (1), we have:
Highest number of defective units using gold wire = 100 * 5% = 5
Based on the calculation above, it implies that the number of defective units from the first 100 units manufactured with gold wire is less or equal to 5.
Since 4 is less 5, it is therefore True that only 4 are defective.
During the fiscal year ended 2016, a company had revenues of $520,000, cost of goods sold of $375,000, and an income tax rate of 36 percent on income before income taxes. What was the company's 2016 net income
Answer:
the net income is $92,800
Explanation:
The computation of the net income is given below:
Net income is
= Sales - cost of goods sold - tax rate on the remaining balance left
= $520,000 - $375,000 - (($520,000 - $375,000) ×0.36)
= $145,000 - $145,000 × 0.36
= $145,000 - $52,200
= $92,800
Hence, the net income is $92,800
You are now tasked with developing a research plan that would best support the research objectives you have just chosen. You consider your options and narrow them down to the following three.
Select an option from the choices below and click Submit
a. Research the attitudes that men under 35 have towards eSports
b. Research the effect that increased advertising in women's magazines would have on women's attitudes towards eSports.
c. Research the attitudes that U.S. women and consumers over 35 have towards the eSports Industry
Answer:
a. Research the attitudes that men under 35 have towards eSports.
Explanation:
The research process involves detailed analysis and data collection from the people. Esport is gaining significance in the world but men may have different perspective towards the eSports. The eSport is virtual and there is no physical activity involved in the sports. Men may reject the eSport idea as the sport activity is to maintain their physical strength.
Cost behavior is useful to managers for all the following except
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $84,000 in assets in exchange for its common stock to launch the business. On October 31, the company’s records show the following items and amounts.
Cash $11,360 Cash dividends $2,000
Accounts receivable 14,000 Consulting revenue 14,000
Office supplies 3,250 Rent expense 3,550
Land 46,000 Salaries expense 7,000
Office equipment 18,000 Telephone expense 760
Accounts payable 8,500 Miscellaneous expenses 580
Common Stock 84,000
Required:
Using the above information prepare an October 31 balance sheet for Ernst Consulting.
Answer:
Balance sheet
Assets
Cash $11,360
Accounts receivable $14,000
Office supplies $3,250
Office equipment $18,000
Land $46,000
Total assets $92,610
Liabilities
Accounts payable $8,500
Total liabilities $8,500
Equity
Common Stock $84,000
Retained earnings $110
Total equity $84,110
Total liabilities + equity $92,610
Income statement
Consulting revenue $14,000
Expenses:
Salaries $7,000Rent $3,550Telephone $760Misc. $580 ($11,890)Net income $2,110
retained earnings = net income - dividends = $2,110 - $2,000 = $110
If the natural rate of unemployment was 6 percent, the current unemployment rate was 8 percent, and potential GDP was $4,000 billion, then according to Okun's law the economy would have sacrificed Multiple Choice $160 billion in output not produced. $360 billion in output not produced. $240 billion in output not produced. $480 billion in output not produced.
Answer:
a. $160 billion in output not produced.
Explanation:
Okun law equation
GDP gap = Actual GDP * ((Unemployment rate -Natural rate)/100)*2
GDP gap = $4,000*((8-6)/100)*2
GDP gap = $4,000*(0.02)*2
GDP gap = $4,000*0.04
GDP gap = $160
Therefore, according to Okun's law, the economy would have sacrificed $160 billion in output not produced.
Bloom and Plant organize a partnership on January 1. Bloom's initial investment consists of $800 cash, $1,700 equipment and a $500 note payable reflecting a bank loan for the new business. Plant's initial investment is cash of $2,000. These amounts are the values agreed on by both partners. The journal entry to record Bloom's investment is:
Answer and Explanation:
The journal entry to record the investment of Bloom is as follows:
Cash Dr $2,000
To Capital $2,000
(Being the investment is recorded)
Here the cash is debited as it increased the asset and capital is credited as it also increased the equity
_____ is the practice of giving only limited authority and decision-making to lower-level managers. Group of answer choices Accountability Centralization Functionalization Subordinated Decentralization
Answer:
Centralization.
Explanation:
An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.
Basically, the organizational structure comprises of three (3) main dimensions and these are;
I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).
II. The horizontal dimension: this divides the organization into subunits.
III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.
In the vertical dimension of an organizational structure, centralization can be defined as a practice which includes giving only limited authority and decision-making to lower-level managers. Thus, most of the authority and power is concentrated at the top level.
what is consumer surplus
Explanation:
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In mainstream economics, economic surplus, also known as total welfare or Marshallian surplus, refers to two related quantities: Consumer surplus, or consumers' surplus, is the monetary gain obtained .
Answer:
Consumer surplus is defined as the difference between the consumers' willingness to pay for commodity and the actual price paid by them , or the equilibrium price .
Marigold Corp. purchased a machine for $66100 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $4800. Depreciation for 2020 to the closest dollar is
Answer:
$8,263
Explanation:
Annual depreciation is calculated as ;
Depreciation Expense = 2 x SLDP x BVSLDP
where,
SLDP = 100 / 8 = 12.50%
therefore,
Depreciation Expense = 2 x 12.50% x $66100 = $16,525
but,
the machine was only used for 6 months through the year in 2020 (bought 1 July).
therefore
Depreciation for 2020 = 6/12 x $16,525 = $8,263
Conclusion :
Depreciation for 2020 to the closest dollar is $8,263
During the year that ended December 31, Clarissa sold goods that cost $67,800, her expenses totaled $8,125 and her freight-in totaled $4,800. Her company's average stock of goods during the same period was $13,432. Clarissa's company's inventory turnover ratio is __________.
Answer:
5.05
Explanation:
Inventory turnover is computed as
= Cost of goods sold / Average inventory
Given that;
Cost of goods sold = $67,800
Average inventory = $13,432
Then,
Inventory turnover ratio is
= $67,800 / $13,432
= 5.05
5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses would increase by $57,000 each month. a. Compute the new CM ratio and the new break-even point in unit sales and dollar sales. b. Assume that the company expects to sell 20,800 units next month. Prepare two contribution format income statements, one assuming that operations are not automated and one assuming that they are. (Show data on a per unit and percentage basis, as well as in total, for each alternative.) c. Would you recommend that the company automate its operations (Assuming that the company expects to sell 20,800)
Question Completion:
Due to erratic sales of its sole product - a high capacity battery for laptop computers - PEM, Inc., has been experiencing difficulties for some time. The contribution format income statement for the most recent month is given as follows:
Sales (19,500 units at $30 per unit) $585,000
Variable expenses 409,500
Contribution margin 175,500
Fixed expenses 180,000
Net operating margin ($4,500)
Answer:
PEM, Inc.
a1) New CM ratio = 40%
a2) Break-even point in unit sales and dollars sales
i) Break-even point in unit sales = Fixed Expenses/Contribution per unit
= $237,000/$12
= 19,750 units
ii) Break-even point in dollars sales = Fixed Expenses/Contribution margin ratio
= $237,000/0.4
= $592,500
b. Contribution format income statements, based on sales of 20,800 units:
Without With
Automation Automation
Sales (20,800 units at $30 per unit) $624,000 $624,000 (20,800 * $30)
Variable expenses (20,800 at $21) 436,800 374,400 (20,800 * $18)
Contribution margin (20,800 * $9) 187,200 249,600 (20,800 * $12)
Fixed expenses 180,000 237,000
Net operating margin $7,200 $12,600
c) I would recommend that the company should automate its operations. It will generate more net operating margin, equal to $5,400 ($12,600 - $7,200), when it automates than when it does not, assuming that it expects to sell 20,800 units.
Explanation:
a) Data and Calculations:
Variable expenses reduction = $3 per unit
Old variable expenses per unit = $21 ($409,500/19,500)
New variable expenses per unit = $18 ($21 - $3)
New variable expenses = $351,000 ($18 * 19,500)
New Contribution Margin per unit = $12 ($30 - $18)
New Contribution margin ratio = $12/$30 * 100 = 0.4 or 40%
Old Fixed Expenses = $180,000
New Fixed Expenses = $237,000 ($180,000 + $57,000)
HELP!!!!! 20 POINTS AND I WILL MARK BRAINIEST IF CORRECT
Which branch of government makes laws?
the Executive branch
the Legislative branch
the Judiciary
none of these
Answer:
Legislative
Explanation
Answer:legislative
Explanation:
Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and is trying to decide which company has the better past performance. Connie is examining:_________
A. managerial accounting information.
B. regulatory accounting information.
C. organizational accounting information.
D. financial accounting information.
Answer:
D. financial accounting information.
Explanation:
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). These accounting informations are prepared and made available for investors and other external agencies. Examples of financial statements includes Balance sheet, cash-flow and income statement.
In this scenario, Connie is analyzing the financial statements of MegaMart and Bullseye Company. She wants to invest in one of the companies and is trying to decide which company has the better past performance.
Hence, Connie is examining the financial accounting information.
HELP HELP HELP 10POINTS HURRY ASP AHHH
Answer:
point of sale display
sampling
event marketing
in store promotion
The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is:
Answer:
Accrual basis accounting.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is accrual basis accounting.
Technological knowledge Group of answer choices is the same thing as human capital. does not play a role in the relationship that economists call the production function. is a determinant of productivity. can be discovered but it can never be kept secret.
Answer:
is a determinant of productivity.
Explanation:
Technology is used to make production processes more efficient by giving better uses to labour and capital in a company.
For example a communication software will reduce the need for employees to walk over to another person to get information or share files.
Processes that are not needed in production are either eliminated or made more efficient by use of technology.
As such technology is an important determinant of how productive a business is
The Optical Scam Company has forecast a sales growth of 20 percent for next year. The current financial statements are shown here: Income Statement Sales $ 30,500,000 Costs 26,453,000 Taxable income $ 4,047,000 Taxes 1,416,450 Net income $ 2,630,550 Dividends $ 1,052,220 Addition to retained earnings 1,578,330 Balance Sheet Assets Liabilities and Owners' Equity Current assets $ 7,210,000 Accounts payable $ 6,405,000 Long-term debt 2,440,000 Fixed assets 17,495,000 Common stock $ 5,570,000 Accumulated retained earnings 10,290,000 Total equity $ 15,860,000 Total assets $ 24,705,000 Total liabilities and equity $ 24,705,000 a. Using the equation from the chapter, calculate the external financing needed for next year. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.)
Answer:
The external financing needed for next year is $1,766,004.
Explanation:
The external financing needed for next year can be calculated using the following formula:
External financing needed = ((Total assets / Sales) * Change in sales) - ((Short-term liabilities / Sales) * Change in sales) - ((Projected sales * Profit margin) * (1 - Dividend payout ratio)) ................... (1)
Where;
Total assets = $24,705,000
Sales = $30,500,000
Change in sales = Sales * Sales growth rate = $30,500,000 * 20% = $6,100,000
Short-term liabilities = Accounts payable = $6,405,000
Projected sales = Sales * (1 + Sales growth rate) = $30,500,000 * (1 + 20%) = $36,600,000
Profit margin = Net income / Sales = $2,630,550 / $30,500,000 = 0.0862475409836066
Dividend payout ratio = Dividends / Net income = $1,052,220 / $2,630,550 = 0.40
Substituting all the values into equation (1), we have:
External financing needed = (($24,705,000 / $30,500,000) * $6,100,000) - (($6,405,000 / $30,500,000) * $6,100,000) - (($36,600,000 * 0.0862475409836066) * (1 - 0.4))
External financing needed = $1,766,004
Therefore, the external financing needed for next year is $1,766,004.
You are considering buying common stock in Grow On, Inc. You have projected that the next dividend the company will pay will equal $3.10 and that dividends will grow at a rate of 10.0% per year thereafter. If you would want an annual return of 13.0% to invest in this stock, what is the most you should pay for the stock now?
a. $23.85
b. $113.67
c. $103.33
d. $26.23
e. $112.90
Answer:
c. $103.33
Explanation:
Stock price = D1/(k-g). Where D1 =next period dividend, k=expected rate of return, g = growth rate
Stock price = $3.10/(13% - 10%)
Stock price = $3.10/(0.13 - 0.10)
Stock price = $3.10/0.03
Stock price = 103.3333333333333
Stock price = $103.33
So therefore, the most i should pay for the stock now is $103.33
why do you think that mary parker folletts ideas tendto be popula with businesss people of her day but were ignored by management scholars
Answer:
The popularity of Mary Parker Follett's ideas with the business people of her day stemmed from the fact that the ideas had humanistic and social justice-focus, and the business people of those days understood the great benefits of having some humanistic perspectives in management.
But these same ideas were ignored by most management scholars because management scholars were drawn to scientific management instead of the humanistic brand of management.
Explanation:
Mary Parker Follett believed that the focus of management should be on managing well the interaction between it and the employees to enhance productivity. She strongly advocated for conflict resolutions that favored the employee. She believed that scientific management demotivated the employee.
Explain the concept that human wants are insatiable.
Answer:
The explanation and as per the type of situation is characterized in the explanation category below.
Explanation:
Human wants to be boundless or unrestricted because he considers creative ways to create human existence pleasurably as well as convenient. However, it's a procedure that has never ended. Even though it has available resources throughout comparison to available resources, as something of a direct consequence of which all needs together should be insatiable.The person has always been trying to accommodate many more of his needs and desires as necessary.
The following information on selected cash transactions for 2021 has been provided by Waterway Industries: Proceeds from sale of land $313000 Proceeds from long-term borrowings 610000 Purchases of plant assets 217000 Purchases of inventories 1017000 Proceeds from sale of Waterway common stock 352000 What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information
Answer:
Waterway Industries
The cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information is:
= $96,000
Explanation:
a) Data and Calculations:
Proceeds from sale of land $313000
Proceeds from long-term borrowings 610000
Purchases of plant assets 217000
Purchases of inventories 1017000
Proceeds from sale of Waterway common stock 352000
Operating activities:
Purchases of inventories 1017000
Investing activities:
Proceeds from sale of land $313000
Purchases of plant assets 217000
Total cash from investing $96,000
Financing activities:
Proceeds from long-term borrowings 610000
Proceeds from sale of Waterway common stock 352000
b) Investing activities are one of the main categories of net cash activities on the statement of cash flows. They refer to the purchase and sale of long-term assets and other business investments.
Listed below are several transactions that took place during the second and third years of operations for the RPG Company.
Year 2 Year 3
Amounts billed to customers for services rendered $ 250,000 $ 350,000
Cash collected from credit customers 160,000 300,000
Cash disbursements:
Payment of rent 70,000 0
Salaries paid to employees for services rendered during the year 130,000 150,000
Utilities 20,000 30,000
Advertising 10,000 25,000
In addition, you learn that the company incurred advertising costs of $15,000 in year 2, owed the advertising agency $4,000 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3.
Required:
1. Calculate accrual net income for both years.
2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.
Determine the promotional price of each item at each store. Item Original Price Discount (Dollars) $10.00 Off 35% Off (Dollars) (Dollars) A music box $60 $ $ A faux Ming vase $30.00 $ $ Suppose a friend of yours wants to buy a crystal candlestick. You remember seeing this item at both Annie's Attic and Betty's Breakables, but you do not remember the price.
Answer:
1.
Discount
Item Original Price $10.00 off 40% off
Music box $60 60 - 10 = $50 60 * (1 - 40%) = $36
A faux Ming vase $30 30 - 10 = $20 30 * (1 - 40%) = $18
2. Go to Betty's Breakables if price is higher than $25.
At $25, both businesses would be offering the same discounted price of $15 because:
Annie = 25 - 10 = $15
Betty's = 25 * ( 1 - 40%) = $15
Betty's discount is proportion based however which means that it reduces more than Annie's will past a certain point. That certain point is if the original price is $25. From here on out, Betty will offer a better discounted price than Annie.
For instance, assume an original price of $50.
Annie = 50 - 10 = $40
Betty's = 50 * (1 - 40%) = $30
Betty will keep offering better prices in this manner for anything above $25.
The company's adjusted trial balance includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $63,500; Dividends, $2,000; Sales, $56,000; Sales Returns and Allowances, $3,000; Sales Discounts, $1,500; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare the second closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Answer:
Dr Income summary 52,500
Cr Sales Returns and Allowances 3,000
Cr Sales Discounts 1,500
Cr Depreciation Expense 25,000
Cr Salaries Expense 23,000
Explanation:
Preparation of the second closing entry
Based on the information given the second closing entry will be :
Dr Income summary 52,500
(3,000+1,500+25,000+23,000)
Cr Sales Returns and Allowances 3,000
Cr Sales Discounts 1,500
Cr Depreciation Expense 25,000
Cr Salaries Expense 23,000
(Being To record closing of expenses and contra sales accounts
Sheridan Company had net income for 2021 of $3050000. Additional information is as follows: Depreciation of plant assets $1192000 Amortization of intangibles 248000 Increase in accounts receivable 428000 Increase in accounts payable 543000 Sheridan's net cash provided by operating activities for 2021 was $4375000. $2725000. $4605000. $4490000.
Answer:
$4605000
Explanation:
The cash flow provided by operating activities is computed by starting with the net income and adjusting for non-cash expenses such as depreciation and amortization as well as the impact of working capital as shown by the formula below:
operating cash flows=net income+depreciation+amortization-increase in accounts receivable+increase in accounts payable
increase in accounts receivable deprives the business of cash , hence, it is treated as an ouflow (deducted) and an increase in accounts payable has an opposite impact.
operating cash flows=$3050000+$1192000+$248000-$428000+$543000
operating cash flows=$ 4,605,000
If Congress votes to increase spending, how would output, the interest rates and the international value of the dollar (based on change in interest rates) change as a result
Answer:
Increase, Increase, Increase
Explanation:
If Congress votes to increase spending, and the government increase the spending, the output will increase, interest rate will increase and the international value of the dollar will increase as well.
This is because aggregate demand will increase which will shift the aggregate demand curve to the right and will GDP will be higher. This also increases the world GDP because the US economy is a major part of the world economy. As the government spending is increased, government will face or decline in public savings and therefore National saving. To finance its budget deficit it will increase the rate of interest. Since the United States influences the world interest rate, as a result the world interest rate would increase. Capital will start flowing in the United States increasing the demand for US dollar. This will increase the price of US dollar.
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? b. What is the after-tax cost if Isabel pays the $20,000 bill in January? Use Exhibit 3.1. (Round your answer to the nearest whole dollar amount.) c. Based on requirements a and b, should Isabel pay the $20,000 bill in December or January? multiple choice December January
Answer:
A. $12,600
B. $13,392
C. Isabel should pay the $20,000 bill in December
Explanation:
A. Calculation for the after-tax cost if Isabel pays the $20,000 bill in December
First step is to calculate present value tax savings
Present value tax savings=$20,000 x 37%
Present value tax savings= $7,400
Now let calculate the After-tax cost
After-tax cost = $20,000 - $7,400
After-tax cost = $12,600
Therefore the after-tax cost if Isabel pays the $20,000 bill in December is $12,600
B. Calculation for the What the after-tax cost if Isabel pays the $20,000 bill in January
First step is to calculate present value tax savings
Present value tax savings=($20,000 x 37%)* (Discount factor, 1 year, 12%)
Present value tax savings= $7,400 * .893
Present value tax savings=$6,608
Now let calculate the After-tax cost
After-tax cost= $20,000 - $6,608
After-tax cost = $13,392
Therefore the after-tax cost if Isabel pays the $20,000 bill in January is $13,392
c. Based on the above calculation for a and b Isabel should pay the $20,000 bill in the month of December reason been that in a situation where her payment is increase from the month of January to the month of December it will tend to lead to increase in the cash flow present value (PV) .
demand deposits of $10,000, the reserve requirement is .05, the Federal Funds rate is 6% and the Discount rate is 4% . How much money can it loan out
Answer:
The amount of money the bank can loan out is $200,000.
Explanation:
a) Data and Calculations
Demand deposits = $10,000
Reserve requirement = 0.05
Federal Funds rate = 6%
Discount rate = 4%
The money the bank can loan out = Demand Deposit/Reserve Requirement
= $10,000/0.05
= $200,000
b) The amount that the commercial bank can loan out is determined by the amount of its deposits and the ratio of the reserve requirement. The reserve requirement ratio gives the percentage of deposits that commercial banks must hold as reserves in their vaults. This implies that if the required reserve ratio is 5 percent, for instance, the bank must hold 5 percent of its deposits as required reserves. If demand deposits are $10,000, then $500 ($10,000 x .05) must be held as required reserves and then the bank can lend out $9,500 to the first customer. However, this amount will expand because the customer keeps the amount within the bank, enabling the bank to lend out $200,000 from a deposit of $10,000. The total amount the bank can lend out is calculated as $10,000/0.05.
Based on the principles of psychological pricing, which of the following price adjustment would likely have the greatest positive impact on sales? A. From $51.50 to $51.45, B. From $51 to $50, C. From $58 to 56, D. From $50 to $49
Based on the principles of psychological pricing, a $50 to $49 price adjustment will likely have the greatest positive impact on sales.
Setting prices below a whole number is referred to as psychological pricing. For instance, $3.99 is perceived as "cheaper" than $4. Customers are expected to view the marginally reduced price as a bargain and be encouraged to make the purchase.
The primary goal of psychological pricing is to boost sales. Maximizing profits for the services and goods a business provides requires employing a variety of strategies or sticking with one that has been consistently shown to be effective.
Hence, the correct answer is "D" option
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Answer:
$50-$49
Explanation:
