Answer: $0; $40,000
Explanation:
The accounts payable is the money that a business or company owes its suppliers. It should be noted that on the balance sheet of a company, the accounts payable is a liability.
But under Sec 357(c), accounts payable are regarded as liabilities as the payable payment result in a deduction.
From the information given in the question, the stock basis will be equal to the addition of the cash basis and the equipment basis minus the liability transferred. This will be:
= $10,000 + 80,000 - $50,000
= $40,000
Suppose that the price of a unit of medical care is $100 and the person sinsurance policy covers up to $100,000 in expenditures incurred on behalf of the insured individual per year. Show graphically how the maximum payment limit affects the quantity demanded. Assume a zero co-pay up to the limit.
Please find attachment
Answer and Explanation:
Please find attachment for full explanation
We can see from the graph that as the units in medical care demanded increases, insurance policy cover increases to meet maximum value =1000 units of medical care or $100000 in insurance policy cover for medical care
Michael owns Michael’s Tantalizing Tees, a T-shirt shop in a small college town in New Hampshire. With a staff of three part-time employees, Michael operates the business in accordance with his personal goals, dreams, and capabilities. Does Michael have an agency conflict to deal with?
Answer:
No
Explanation:
Agency conflict occur when the owners of a firm do not manage the company. Instead the firm is managed by mangers. As a result, the interest of the manger might not be aligned with that of the owners and as a result the manager would not act in the best interest of the owners.
Agency problem is more common in public companies
Since Michael owns and operates the shop, there is no agency company as he seems to be a sole proprietor
SMOLIRA GOLF CORP. 2018 Income Statement Sales $ 515,454 Cost of goods sold 365,628 Depreciation 46,713 Earnings before interest and taxes $ 103,113 Interest paid 21,483 Taxable income $ 81,630 Taxes (23%) 18,775 Net income $ 62,855 Dividends $ 25,000 Retained earnings 37,855 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.)
Answer:
Note: Find attach the other missing table of question
Particulars Amount$
Cash flow from operating activities
Income 62,855
Depreciation 46,713
Increase in AR (10,685)
Increase in inventory (39,202)
Increase in AP 3,540
Decrease in notes payable (3,258)
Increase in other CL 4,590
Cash flow from operating activities A $64,553
Cash flow from Investing activities
Sale of invt
Purchase of PPE = ($102,771)
($522,333 + $46,713 - $466275)
Cash flow from Investing activities B ($102,771)
Cash flow from Financing activities
Issue of long term debt 66,525
Dividends Paid (25,000)
Cash flow from Financing activities C $41,525
Net change in cash & cash equivalents A+B+C $3,307.00
Opening cash and cash equivalents $36,185
Closing cash and cash equivalents $39,492
Problem 13-25 (Algorithmic) (LO. 2) Oak Corporation has the following general business credit carryovers: 2015 $11,750 2016 35,250 2017 12,750 2018 39,250 Total carryovers $99,000 The general business credit generated by activities during 2019 equals $79,200 and the total credit allowed during the current year is $141,000 (based on tax liability). a. Enter the amount (if any) of each year's carryover utilized in 2019. Year Amount of Carryover Utilized 2015 $ 2016 $ 2017 $ 2018 $ 2019 $ b. What is the amount of any unused credits carried forward to 2020?
Answer:
2020 carried forward 37,200
All the previous year carryover were used.
Explanation:
We have 141,000 credit allowed
We use the 99,000 from previous period
Leaving us with: 42,000 of tax credit for this year
Now, as the company generated tax credit for 79,200 during the year
79,200 - 42,000 = 37,200 carried forward to 2020 as are considered unused during 2019
assume that a firm will generate the following cash flows. (ignore liquidation value and initial investment.) also assume that the interest rate you would receive on an alternative investment of equal risk is 10%. end of year 1: $110 end of year 2: $242 end of year 3: $133.10 what is the value of the firm based on these cash flows
Answer:
$400
Explanation:
To find the value of the firm based on the cash flows, we have to find the present value of the cash flows
Present value is the sum of discounted cash flows
Cash flow in year 1 = $110
Cash flow in year 2 = $242
Cash flow in year 3 = $133.10
I = 10%
Present value = $400
To find the NPV using a financial calculator:
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 NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
what types of political, economic, and competitive challenges does MTV networks international face by operating worldwide?
Explanation:
Remember, MTV is a cable TV company initially founded in the United States.
Political challenges:
There may be differences in administrative costs in each country of operations. For example, the manner and value of taxes paid in the USA may be different in another country like France.
Economic challenges:
The level of economic growth may affect the amount and number of people who spend on entertainment leading to a decline in revenue and an increased need for aggressive marketing campaigns.
Competitive challenges:
Each country may already have other cable TV companies that a percent of the market share and so this it becomes a challenge to compete with these domestic companies.
Some of the challenges faced by MTV include:
Political:
Some countries may ban MTV for showing music that is against national valuesThere are countries that may take issue with the message of the songs that MTV plays and so they will take action to limit MTV exposure in their countries.
Economic:
Some countries might be unable to afford the fees of the international carriers of MTVCarriers in other nations charge cable fees to show MTV to their people and these people might be unable to pay for these fees depending on their economic development.
Competitive:
Some countries might already have established channels that showcase local music or some countries might just prefer local musicThere may already be local channels that show local songs or the locals may not be too impressed with the songs on MTV as they prefer their own. This would lead to less viewership for MTV.
Find out more at https://brainly.com/question/15089279.
"A customer who has signed an arbitration agreement at account opening has a dispute with a representative that he wishes to settle under FINRA’s procedures without being subject to a binding decision. The customer should use the:"
Answer:
The customer should use the:
Non-binding arbitration
Explanation:
This non-binding arbitration will enable the two disputing parties to be advised on the best possible solution to their disagreement. However, since the arbitration is non-binding and merely advisory, the two parties are not bound by the decisions of the arbitrator unless they each agree to abide with the settlement. On the other hand, if the arbitration is binding, then the decision of the arbitrator is final.
An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $4,700,000 and will be sold for $1,350,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset
Answer:
$1,216,858
Explanation:
Acquisition cost of an asset = $4,700,000
Salvage value of an asset = $1,350,000
Tax rate = 23%
The after tax salvage value of the asset is
= $1,350,000 - ($1,350,000 - $4,700,000) × (11.52% + 5.76%) × 23%
= $1,350,000 - $3,350,000 × (0.1152 + 0.0576) × 0.23
= $1,350,000 - $133,142
= $1,216,858
School band members need to raise money for new uniforms. Some members want to sell energy drinks at a football game, but others want to organize a car wash in the school parking lot. Based on economics, what would be most influential in making the decision?
the labor needed
the consumer demand
the capital needed
the value of the resources
Answer:
The most influential in making the crucial decision is:
the consumer demand
Explanation:
Before the School Band members finalize on their decision about selling energy drinks and organizing a car wash, they will need to assess the demand for their product or service. This is critical because without effective demand, supply would be met with negative reactions which will not produce good results, no matter the decision taken.
Answer:
D: the value of the resources
Explanation:
Just took the test^_^
Select the correct answer.
Which word correctly completes this sentence?
Prefiero ___ camisas que están en la mesa.
A.
esos
B.
eso
C.
esas
D.
ésos
Answer:
C. esas
Explanation:
The Spanish Language use both gender and quantity in their pronouns
Thus as Shirt is considered female we neeed to use a female pronoun
The stress is on the next to last syllable therefore: It doesn't have a written accent
as it ends in "s" and their grammar states:
/n /s /vowels do not have the accent written when the stress is on the next to last syllable
The difference between a merger and an acquisition is________.
Both terms often refer to the joining of two companies, but there are key differences involved in when to use them.A merger occurs when two separate entities combine forces to create a new, joint organization.
The following income statement applies to Kawai Company for the current year: Income Statement Sales revenue (200 units × $60) $ 12,000 Variable cost (200 units × $36) (7,200 ) Contribution margin 4,800 Fixed cost (1,600 ) Net income $ 3,200 Required a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Kawai Company will earn if it experiences a 10 percent increase in revenue. The sales price per unit is not affected. c-1. Verify your answer to Requirement b by constructing an income statement based on a 10 percent increase in sales revenue. The sales price is not affected. c-2. Calculate the percentage change in net income for the two income statements.
Answer:
a. Use the contribution margin approach to calculate the magnitude of operating leverage.
operating leverage = contribution margin / net income = $4,800 / $3,200 = 1.5
b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Kawai Company will earn if it experiences a 10 percent increase in revenue. The sales price per unit is not affected.
if sales increase by 10%, net income will increase by 10% x 1.5 = 15%
a 15% increase in net income = $3,200 x 15% = $480
c-1. Verify your answer to Requirement b by constructing an income statement based on a 10 percent increase in sales revenue. The sales price is not affected.
Sales revenue $13,200
Variable costs ($7,920)
Contribution margin $5,280
Fixed costs ($1,600)
Net income $3,680
c-2. Calculate the percentage change in net income for the two income statements.
% change = [($3,680 - $3,200) / $3,200] x 100 = 15% increase
What does software alone enable a computer to do?
O connect to the Internet
O control processing speeds
O interact with the user
O manage other software
Answer:
its a
Explanation:
what a rational firm produce after recruting the forth employee?explain.
Answer:
xxxxxxxxxxxxx
Explanation:
go sex go
f..ker
Economists look at any situation in terms of its component parts: the people making decisions, the environment in which they're making those decisions, and the goods or services being exchanged. For example, think about a wedding celebration. Which of the following wedding-related items are services? Check all that apply. Having a wedding gown altered The food at the reception Flowers for a wedding reception Getting your hair done for a wedding
Answer:
Having a wedding gown altered
Getting your hair done for a wedding
Explanation:
A service is rendered when there is no exchange of physical goods between the buyer and seller
When a wedding gown is altered and when my hair is done, there is no exchange of a physical good
Managers are increasingly viewing the world as "one big marketplace" due to globalization and the interconnectedness of national economies. Of the possible management orientations, which would be counterintuitive to this mentality and result in an inability to see opportunities in other countries?
Answer: Ethnocentric orientation
Explanation:
The options are;
A. Regiocentric orientation
B. Geocentric orientation
C. Polycentric orientation
D. Ethnocentric orientation
E. Multicentric orientation
Ethnocentric orientation is an orientation whereby one believes that their home country is superior and better than other countries and this orientation usually leads to lost opportunities that could have been used by a company to expand. Managers who see the world as a big marketplace typically have geocentric orientation.
Ivanhoe Company increased its investments in marketable securities by $316,370 and paid $1,221,231 for new fixed assets during 2017. The company also repaid $770,200 of existing long-term debt while raising $913,555 of new debt capital. In addition, Ivanhoe had a net cash inflow of $352,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $51,001. What is the net cash used in long term investing activities by Ivanhoe? What is the net cash provided by the company’s financing activities? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Answer:
The Net cash from Investing refers to the Cash inflows less the Cash outflows that involved capital expenditure and investments in other company securities.
Net Investing Cash = Cash inflow - outflow
= 352,002 - 316,370 - 1,221,231
= ($1,185,599)
Financing activities are those that involve the raising of capital for the company including through stock and debt.
Net Cash from financing = Inflow - Outflow
= 913,555 - 770,200 - 51,001
= $92,354
What are the most important information needs that a governmental annual report should fulfill for each of the following: __________1. Administrators/managers in the governmental entity. 2. Members of the legislative branch. 3. Interested citizens. 4. Creditors or potential creditors.
Answer:
1. Compensation for employment services that they offer.
2. Disbursement in sufficient proportions of the available funds.
3. How the government have used their tax money.
4. The ability and capacity of the government to honor debts.
Explanation:
Each stakeholder to the governmental annual report hold a different need compared to the other. Therefore it is important to pay attention to whom the financial statements speaks to. The above shows the different needs of the stakeholders to governmental annual report.
Which activities would be considered project management?
Explanation:
Remember, project management involves activities done to organize and manages resources that are necessary to complete a project.
Here are some of the activities;
Project Initiation phase: this where the requirements or customization of the project begins.
Planning: the planning stage often constitues mainly of budgeting finances and setting timeline for activities.
The others includes;
ExecutionValidation. and Evaluation.Skippers Landing sells boats and provides mooring facilities for its customers. Skippers Landing sells the boats for $60,000 each and provides mooring facilities for $10,000 per year. It concludes that the goods and services are distinct and accounts for them as separate performance obligations. Skippers Landing enters into a contract to sell a boat and one year of mooring services to a customer for $65,000. Required: How should Skippers Landing allocate the transaction price of $65,000 to the performance obligations
Answer:
Skippers Landing should allocate the transaction price of $65,000 to the performance obligations as follows:
Boat = $60,000/$70,000 x $65,000 = $55,714
Mooring facilities = $10,000/$70,000 x $65,000 = $9,286
Explanation:
To apply "IFRS 15 Revenue from Contracts with Customers," Skipper Landing will allocate the transaction price to each performance obligation for each boat and mooring facilities sold based on the proportion of the relative stand-alone selling prices of each boat and mooring facilities sold to the customer in the transaction.
A national sales organization has implemented sets of training courses on its intranet, with a link that allows employees to find and share answers to questions that arise with customers. A system that allows the sharing of knowledge and information throughout an organization is known as Multiple Choice a strategy database. knowledge implementation. Big Data. a wisdom system. knowledge management.
Answer:
knowledge management.
Explanation:
Knowledge management is the process of creating and sharing and managing the know-hows and is a multidisciplinary approach and involves the making best use of knowledge. Its taught in the fields of business management and allows the employee to share the knowledge and information throughout an organization.In a free-market economy, firms face some degree of uncertainty, or risk. Some of this risk is controllable, and some is not. Identify the different types of risk that a business might encounter in the marketplace and identify whether they are controllable or uncontrollable. Justify your answer.
Explanation:
Controllable risks are those that the company can control more actively, they can be the risks of internationalization of the business, for example, risk of an investment in a country where there is not much certainty that the company will be successful or a country in economic crisis.
Non-controllable risks are those inherent to the market, that is, companies cannot control certain situations, such as an economic and political crisis that affects consumers' purchasing power and makes them consume less and thus directly affects business .
Therefore, it is necessary to have an effective risk management in any organization, in order to monitor market situations and identify possible risks and to anticipate solutions to enable the company to minimize losses arising from any negative risk that may arise.
Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (Do not round intermediate calculations)Estimates: Machine Life Residual Value Depreciation Method A 5 years $300 Straight-line B 10,000 hours 1,000 Units-of-production C 6 years 900 Double-declining-balanceTIP: Remember that the formula for double-declining-balance uses cost minus accumulated depreciation (not residual value).Required:Record the depreciation expense for the three used machines at the end of year 1.
Which of the following is a true statement about China? Group of answer choices The Chinese government's shift from communism to capitalism has led to an increase in FDI. China attracts FDI because the government has eliminated elaborate bureaucracies. The Chinese government manipulates market activities for political purposes. China lacks an educated pool of employees due to slowly developing industrialization.
Answer:
The Chinese government manipulates market activities for political purposes.
Explanation:
1. At the moment, the Chinese government is still a communist-style government, so the first option is wrong.
2. At the moment elaborate bureaucracy is still present in the Chinese model of governance, with about ten million active civil servants under government control. Hence the second option is wrong.
3. Presently, China has over 96% literacy rates, therefore the last option is also wrong.
Hence, the correct answer is the third option which states that "The Chinese government manipulates market activities for political purposes."
Maria's Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. The following is her forecasted income statement for April, when she expects to produce and sell 3,000 meals. Amount Per Unit Sales revenue $ 18,000 $ 6.00 Costs of meals produced 13,500 4.50 Gross profit $ 4,500 $ 1.50 Administrative costs 2,100 0.70 Operating profit $ 2,400 $ 0.80 Fixed costs included in this income statement are $4,500 for meal production and $600 for administrative costs. Maria has received a special request from an organization sponsoring a picnic to raise funds for the Special Olympics. This organization is willing to pay $3.50 per meal for 300 meals on April 10. Maria has sufficient idle capacity to fill this special order. These meals will incur all of the variable costs of meals produced, but variable administrative costs and total fixed costs will not be affected. Required: a. What impact would accepting this special order have on operating profit? (Select option "higher" or "lower", keeping Status Quo as the base. Select "none" if there is no effect.)
Answer:
See explanations below
Explanation:
Kind find attached solution. Please note that 3,300 units was used for the alternative.
Match each of the numbered descriptions with the principle or assumption it best reflects. Enter the letter for the appropriate principle or assumption in the blank space next to each description.
A. Cost principle
B. Matching principle
C. Specific accounting principle
D. Full disclosure principle
E. General accounting principle
F. Business entity assumption
G. Revenue recognition principle
H. Going-concern assumption
1. Revenue is recorded only when the earnings process is complete.
2. Information is based on actual costs incurred in transactions.
3. Usually created by a pronouncement from an authoritative body.
4. Financial statements reflect the assumption that the business continues operating.
5. A company reports details behind financial statements that would impact users’ decisions.
6. A company records the expenses incurred to generate the revenues reported.
7. Derived from long-used and generally accepted accounting practices.
8. Every business is accounted for separately from its owner or owners.
Answer:
1 with G = Revenue Recognition Principle
2 with A = Cost principle
3 with C = Specific Accounting Principle
4 with H = Going concern assumption
5 with D = Full Disclosure Principle
6 with B = Matching Principle
7 with E = General Accounting Principle
8 with F = Business Entity Assumption
Explanation:
Revenue shall be recognised as at the time that their is 100% certain that the risk and reward associated is transferred to the customer. = Revenue Recognition Principle.
Cost Principle assumes to record transactions at its cost and not the market value.
Specific Accounting Principle is made with specific orders for specific industry.
Going concern assumption assumes that the business with continue to an infinite period of time and it will not end.
Full Disclosure principle requires to disclose all the material facts about business whether the effect is currently disclosed in financial statements or not.
Matching principle requires to record expense for each revenue earned.
General Accounting Assumption is old and applicable on all the businesses and industry.
Business Entity Assumptions assumes for business calculations that the owners are different from their business, and both are two separate identities.
As of December 31, 2016, Warner Corporation reported the following: > Dividends Payable: $20,000 > Treasury Stock: $600,000 > APIC: Treasury Stock: $20,000 > APIC: Common Stock: $4,000,000 > Retained Earnings: $3,000,000 During 2017, half of the Treasury Stock was resold for $240,000. The sale of half of the treasury stock would cause Retained Earnings to change by what amount?
Answer:
The Retained Earnings will change by $0.
Explanation:
Selling treasury stock does not affect the amount of the Retained Earnings. What actually drive the value of the Retained Earnings is the difference between Revenue and Costs of operations and the distributions made to the stockholders. Retained Earnings represent the amount of net income that is not distributed to the stockholders. In other words, retained earnings result from the difference between the net income generated by the company over the years and the amount of net income paid out to stockholders in the form of dividends.
Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners and Lowe is a limited partner. How much should each partner contribute to cover the remaining capital deficiency of $33,000? (Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.)
Question Completion:
Given that they share income and losses in the ratio of 2:3:5 respectively.
Answer:
Each partner should contribute:
Turner = $13,200 (2/5 * $33,000)
Roth = $19,800 (3/5 * $33,000)
Lowe = $0
Explanation:
Since Lowe is a limited, there is no contribution he will make to cover the remaining capital deficiency of $33,000. Instead, the general partners, Turner and Roth, will share the capital deficiency in their income and loss sharing ratios. A limited partner does not share in capital deficiency because his or her liability is limited to the capital contributed initially to the business. General partners are those who run the business and they contribute to capital deficiency because their liabilities are not limited to the initial capital that they have contributed.
Does selling a product at below cost make business sense?
Answer:
Yes
Explanation:
Seeling a product at below cost means that a company sells a product with a price that is lower than its manufacturing cost and in certain situations it makes business sense to do it when customers buy the product and then, will need to buy accesories or complimentary products over time which will allow to make profit from the other products.
Plato's Foods has ending net fixed assets of $84,400 and beginning net fixed assets of $79,900. During the year, the firm sold assets with a total book value of $13,600 and also recorded $14,800 in depreciation expense. How much did the company spend to buy new fixed assets
Answer:
$32,900
Explanation:
The computation of new fixed assets is shown below:-
New fixed assets = Net fixed assets + Total book value + Depreciation expenses - Fixed assets
where,
net fixed assets is $84,400
Total book value is $13,600
Depreciation expense is $14,800
And, the fixed assets is $79,900
Now placing these values to the formula
So, the new fixed asset is
= $84,400 + $13,600 + $14,800 - $79,900
= $32,900
