Answer:
$54,000
Explanation:
Calculation for What Roxy should report prepaid expenses In its December 31, 20X3, Balance Sheet,
Fire insurance premium (Unexpired) $36,000
($72,000*1/2)
Add Real estate tax prepayment (Unexpired) $18,000
($24,000*9/12)
December 31, 20X3 Prepaid expenses $54,000
($36,000+$18,000)
Therefore In its December 31, 20X3, Balance Sheet, Roxy should report prepaid expenses of:$54,000
For a short term car rental/car sharing company like Zipcar, you are acquiring locations to park your fleet. Your decision depends on the operations strategy. Match the appropriate decision with the strategy: - Differentiation - Cost Leadership - Responsiveness A. Find parking locations that are within 10 minutes walking distance of residential areas. B. Find parking locations that are unique, such as near local attractions, and include interesting facts about the location in the customer interface. C. Find parking locations that are cheap.
Answer and Explanation:
The matching is as followS:
A. Responsiveness: In this you acted quickly as you want the parking locations that should be less than 10 minutes walking from your residental area
B. Differentiation: As it should be different, unique, facts that are interested regarding the location
C. Cost leadership: As the major factor is cost
Olive Enterprises experienced the following events during Year 1: Acquired cash from the issue of common stock. Paid cash to reduce the principal on a bank note. Sold land for cash at an amount equal to its cost. Provided services to clients for cash. Paid utilities expenses with cash. Paid a cash dividend to the stockholders.
Answer:
THIS IS THE COMPLETE QUESTION:
Olive Enterprises experienced the following events during Year 1
1. Acquired cash from the issue of common stock.
2. Paid cash to reduce the principal on a bank note.
3. Sold land for cash at an amount equal to its cost.
4. Provided services to clients for cash.
5. Paid utilities expenses with cash.
6. Paid a cash dividend to the stockholders.
Explain how each of the events would affect the accounting equation by writing the letter I for increase, the letter D for decrease, and NA for does not affect under each of the components of the accounting equation.
1)ANSWER: the events that would affect the accounting equation in question (1) is as follows
✓Assets (I)
✓Liabilities (NA)
✓Equity (I)
2.)ANSWER: the events that would affect the accounting equation in question (2) is as follows;
✓Assets (D)
✓Liabilities (D)
✓ Equity (NA)
3. )ANSWER: the events that would affect the accounting equation in question (3) is as follows;
✓Assets (D)
✓ Liabilities (D)
✓Equity (NA)
4. ) ANSWER: the events that would affect the accounting equation in question (4) is as follows;
✓Assets (I)
✓Liabilities (NA)
✓Equity (I)
5. )ANSWER: the events that would affect the accounting equation in question (5) is as follows;
✓Assets (D)
✓ Liabilities (NA)
✓ Equity (D)
6) ANSWER: the events that would affect the accounting equation in question (6) is as follows;
✓Assets (D)
✓ Liabilities (NA)
✓Equity (D)
EXPLANATION:
The accounting equation gives how
assets, liabilities as well as equity relate with each other, which are elements of a balance sheet. This can be expressed below as
Assets = (Liabilities + Equity)
✓ liabilities are what the company is owning which can be money, examples are loans, accounts payable as well as mortgages.
✓Assets can be regarded as properties that are been owned by a company. This could be fixed assets,inventories
✓equity can be explained as when a company/ organization own an asset but is having some debts associated with it, it is difference between value of the assets and liabilities.
Mune Company recorded journal entries for the payment of $50,000 of dividends, the $32,000 increase in accounts receivable for services rendered, and the purchase of equipment for $21,000. What net effect do these entries have on owners' equity
Answer:
Decrease of $18,000
Explanation:
As there is a payment of dividend so it would reduce the stockholder equity by $50,000
And, there is an increase in account receivable for rendering the service that means the service revenue would increased so the stockholder equity would increased by $32,000
Now the net effect would be
= -$50,000 + $32,000
= -$18,000
Assume the cost object is the Manufacturing Department and that its total output is 20,000 units. a. How much total manufacturing cost is directly traceable to the Manufacturing Department
Answer:
$350,000
Explanation:
The computation of the total manufacturing cost directly traceable is as follows:
= (Direct material per unit + direct labor per unit+ variable manufacturing overhead per unit + fixed overhead per unit) × number of units sold
= ($7 + $4 + $1.50 + $5) × 20,000 units
= $17.50 × 20,000 units
= $350,000
. Do the negative amounts for cash from investing activities and cash from financing activities concern us
Answer:
Of course you should be concerned about negative cash outflows resulting from investing or financing activities.
Negative cash outflows for investing activities means that the company purchased more fixed assets or securities this year than the ones that were sold. E.g. the company purchased new equipment for $100,000. Investing activities usually require large amounts of cash.
If financing activities yield negative numbers, it means that either the company paid too much in dividends, or they paid long term debts (e.g. retired bonds or paid back bank loans), but at the same time did not raise enough capital to offset them.
When you are analyzing the finances of a company, cash is king. A company might be very profitable, but it will not survive it its cash flows are negative. If there are enough positive cash flows from operating activities to offset these other cash outflows, then the company should be OK. But if operating cash flows cannot offset them, then the company should be concerned.
Renard Co. issued a note payable to National Bank on September 1, 2018, in the amount of $900,000. The note bears interest at 9% and is payable in three equal annual principal payments of $300,000. On the opening date, the bank's prime rate was 8%. The first payment for interest and principal was made on September 1, 2019. What will Renard record for accrued interest payable on December 31, 2019
Answer: accrued interest payable on December 31, 2019=$16,000
Explanation:
Principal Amount left as of 31st December = $900,000 - $300,000 = $600,000
Therefore
Amount of Accrued Interest Payable = Principal(Amount) x Rate x Time (1st September 2019 till 31st December 2019)
$600,000 X 8% X 4/12
= $16,000
If your parents deposited $1,000 upon your birth and deposited $1,000 each year on your birthday including your 21st birthday. How much money will you have at the end of your 21st year if the investment earns 4% per year
Answer:
FV of annuity = $33247.96979 rounded off to $33247.97
Explanation:
To calculate the value of the investment at the end of the period, we will use the formula for the future value of annuity. The annuity is an annuity due as the investment is made at the start of the period. The formula for future value of annuity due is attached.
FV of annuity = (1+0.04) * 1000 *[((1+0.04)^21 - 1) / 0.04]
FV of annuity = $33247.96979 rounded off to $33247.97
Which of the following would result from low labor demand and high labor supply?
A. Wages rise
B. Wages decline
C. Wages rise dramatically
D. Wages stay the same
Answer:
B. Wages decline
Explanation:
Labor is subject to the laws of supply and demand, just like other commodities in the market. Low labor demand means there are only a few job opportunities available. The unemployment rate will be high. The economy will be having too many people without jobs.
An increase in the supply of labor implies more people coming to the job market. The Job market will experience a surplus in labor supply, which will lead to reduced wages. There will be too many jobless people chasing few job opportunities. Employers will consider the lowest labor cost, while desperate job seekers will be willing to accept low wage rates.
to gather meaningful data through interviews, surveys, and observations is what kind of change manager
Incomplete question. The full question read;
Sam, a change manager, has many competencies. One particular strength is his ability to gather meaningful data through interviews, surveys, and observations. These characteristics of Sam are an example of the ____ skills of a change manager.
a. Diagnostic
b.Interpersonal
c. Initiation
Answer:
a. Diagnostic
Explanation:
Since we are told Sam has the "ability to gather meaningful data through interviews, surveys, and observations", this shows he has the diagnostic skill set.
Remember, a change manager should be one that can spot/diagnose the problem, and Sam correctly fits that description.
I WILL MARK YOU BRAINLIEST IF YOU ANSWER CORRECTLY PLS HELP!
Select the ineffective subject lines.
This E-mail Message Contains Some Extremely Important New Information About Company Operations
Computer Time
Please Use the New Form in the Revised Employee Manual for Filling Out Your Time Sheets, the Procedure Has Changed
Job Evaluation Attached
New Accounting Process
HelpDesk Closed Fridays
Vending Machines Relocated
Answer:
I think its computer time?
Explanation:
Im not 100% sure but i hope this helps <3
Answer:
A and F
I think ....
Explanation:
Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $5 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold, and there are no capital gains distributions. The fund charges 12b-1 fees of 0.75%, which are deducted from portfolio assets at year-end. What is the rate of return for an investor in the fund?
Answer:
8.66%
Explanation:
The computation of the rate of return for the investor in the fund is as follows:
= (Net assets at the end + dividend per share - nav at the beginning of the year) ÷ (nav at the beginning of the year)
where,
Net assets at the end is
= $203 million + $203 million × 7% - ($217.21 million × 0.75%)
= $203 million + $14.21 million - $1.6291 million
= $217.21 million - $1.6291 million
= $215.58093 million
Dividend per share is
= $5 million ÷ 10 million shares
= 0.5
Nav at the beginning of the year is
= $203 million ÷ 10 million shares
= $20.3
Now the rate of return is
= ($215,.58093 + 0.5 - $20.3) ÷ ($20.3)
= 8.66%
Grape Vineyards LLC, the members of which include Howie and Ilya, can hold title to property because as a limited liability company the firm is
Answer:
A legal person
Explanation:
Limited liability company is a legal entity that is seperate from its owners. The owners of the company are only liable to pay the debts the companies owes to the extent of capital invested.
Also the company is allowed to own property that is not directly owned by the members.
As a legal person Grape Vineyards LLC can hold title to property.
There is no upper limit for members of a limited liability company.
The owners can therefore be distinct legally from the company as regards debts owed or property owned
What body of people do not have to worry about raising capital?
Are you one of those who are always alarmed by sale? If yes, how will you describe your consumer behaviour, if not, briefly state the reasons.
Answer with Explanation:
No, I'm not one of those consumers who's alarmed by sale. I tend to buy products according to my needs at the moment. For example, if have a party to attend next week, I try to purchase an outfit only for that special occasion. I'm more influenced by psychological factors rather than marketing factors (price, promotion, etc.). Whenever I hear the word, "sale," I tend to associate it with items or clothes that are outdated or nearing the expiration date. As much as possible, I try to stay away from them. I always look for quality products that are fresh and new in the market. I like innovative things and this also affects my shopping mood.
Which type of promotion does a business use in case its sales revenue has fallen below expectations?
Businesses generally use________ to attract more customers quickly, especially when their sales revenue is not up to the initial expectations.
Answer:
sales promotion
Explanation:
Helps encourage customers to buy their products, they might use this when their sales revenue is falling short of expectations
Moral hazard is a barrier to financing global growth because:_______
a. firms sometimes have trouble determining whether they need funds or not.
b. if investors have trouble identifying high-risk firms they may be unwilling to give money to creditworthy firms.
c. there is the possibility that the funds are used for riskier behavior than the lender agreed to.
d. of the differences between financing using loans, portfolio investment and foreign direct investment.
Answer:
c. there is the possibility that the funds are used for riskier behavior than the lender agreed to.
Explanation:
True. The term "Moral Hazard" as used in an investment context, often refers to a scenario where one party with a lesser risk burden in a business agreement, deliberately takes investment risk that would be detrimental to others in the agreement who have a higher risk burden.
It is an unethical business practice; a moral hazard, and so acts as a barrier to investors who may want to finance global growth.
Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $972,660 $1,015,200 Estimated direct labor hours for year 14,100 Estimated machine hours for year 22,620 Actual factory overhead costs for March $77,570 $87,780 Actual direct labor hours for March 1,270 Actual machine hours for March 1,760 a. Determine the factory overhead rate for Factory 1. $fill in the blank dc186a016ffefd2_1 per machine hour b. Determine the factory overhead rate for Factory 2. $fill in the blank dc186a016ffefd2_2 per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 fill in the blank 904b41fddff3057_2 fill in the blank 904b41fddff3057_4 Factory 2 fill in the blank 904b41fddff3057_6 fill in the blank 904b41fddff3057_8 d. Determine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $fill in the blank 62d347fab007058_1 Factory 2 $fill in the blank 62d347fab007058_4
Answer:
See below
Explanation:
Application overheads = Predetermined overheads × Actual activity
Where
Predetermined overhead rate = Estimated overheads ÷ Estimated activity
Factory 1
Overheads are applied on the basis of machine hours
Predetermined overhead rate = $972,660 ÷ 22,620 = $43
Therefore, application overhead
= 1,760 × $43
= $75,680
Factory 2
Overheads are applied on the basis of direct labor hours
Predetermined overhead rate = $1,015,200 ÷ 14,100 = $72
Therefore, application of overheads = 1,270 × $72 = $91,440
Overhead account - Factory 1
Dr :
Bank
$77,570
Total
$77,570
Credit :
Work in process
$75,680
Under applied ( balance)
$1,890
Total
$77,570
Overhead account Factory 2
Debit :
Bank
$87,780
Over - applied (balance)
$3,660
Total
$91,440
Which of the following is not something you typically see on your paycheck?
The pay period
Your identifying information
Deductions for federal or state taxes
Your dependents’ names
Assume the following information pertaining to Moonbeam Company: Beginning Ending Finished goods inventory $ 148,000 $ 140,200 Work in process inventory 97,000 119,000 Direct materials 132,000 147,400 Costs incurred during the period are as follows: Total manufacturing costs $ 920,000 Factory overhead 211,000 Direct materials used 166,200 Cost of goods sold is calculated to be:
Answer:
$905,800
Explanation:
Calculation for Cost of goods sold
Total manufacturing costs $ 920,000
Add Begining Work in process inventory 97,000
Less Ending Work in process inventory (119,000)
Cost of goods manufactured $898,000
Add Begining Finished goods inventory $148,000
Less Ending Finished goods inventory$ (140,200)
Cost of goods sold $905,800
Therefore the Cost of goods sold is calculated to be: $905,800
Kasravi Co. had net income for 2024 of $300,000. The average number of shares outstanding for the period was 200,000 shares. Stock options for 12,000 shares had an option price of $30. The average market price of the common stock during the year was $36. What should Kasravi Co. report for diluted earnings per share for the year ended 2024
Answer: $1.49
Explanation:
First, we would calculate the diluted shares outstanding which will be:
= 200,000 + 12,000(6/36)
= 200,000 + 12,000(1/6)
= 200,000 + 2,000.
= 202,000
Diluted earnings per share = Net income / Diluted shred Outstanding
= 300,000 / 202,000
= $1.49
Suppose you deposit $125 into a bank today earning 2.5% interest. How much money would you have after one year
Answer:
the money after one year is $128.125
Explanation:
The computation of the money after one year is shown below;
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $125 × ( 1 + 2.5% ) ^1
= $125 × 1.025
= $128.125
Hence, the money after one year is $128.125
Why a manufacturer who makes watches involved in trade
Answer:
to make money, if they trade their watches they will be expanding their business
7. What is the possible meaning of the changes in stock price for Berkshire Hathaway on the day of the acquisition announcement
Answer:
On the same day that announcement came, there have been inflationary pressures, which further indicates that prices are encouraged to demonstrate pointed ups and downs. Further analysis is provided below.
Explanation:
Whenever one business purchased something else, the acquisition market capitalization encourages people to dip partially or completely, although the specified company’s stock price begins to increase.The acquisition's current share market is crashing although it sometimes continues to pay a higher price to that same sales department but rather accrues available to fund the acquisition.Last month, the town of New Hen established a Parking Enforcement Unit (PEU) to write parking citations. New Hen budgeted $3,600 for the unit’s first 30 days, and estimated PEU officers would write 50 citations per day in those 30 days. In addition, New Hen estimated that officers would work 12 minutes per citation written. In actuality, PEU officers wrote an average of 45 citations per day and worked 15 minutes per citation written. New Hen also paid PEU officers $0.40 more per hour than budgeted. Calculate the volume, quantity, price, and total expense variances, and indicate whether they are favorable or unfavorable.
Answer:
The answers for each step are given below.
Explanation:
Let's extract the details:
Proposed budget and expected expenses will be on one side of the calculation while Actual budget and expenses will be on the other side.
PROPOSED ACTUAL
50 citations per day 45 citations per day
12 minutes per citation 15 minutes per citation
FIRST STEP:
Calculate how much per hour the PEU officers were paid in the proposed budget. This will be needed, to make comparison or check variance with the actual amount paid per hour (which will be $0.4 + the answer you get here).
12 minutes to hours is = 1/5 hours = 0.2 hours
Total budget period = 30 days
[0.2k x (50x30)] = $3,600 where k is price or payment per hour
NOTE THAT 0.2k = payment per citation in dollars per hour
(50 x 30) = total number of citations for budget period
300k = $3,600
k = 3600/300 = $12
So this is the hourly payment under the estimated budget plan.
SECOND STEP:
The wage per hour here (in the actual scenario) is 12 + 0.4 = $12.4
Now calculate the total amount spent in the actual scenario; using the same formula structure as above. Remember to convert the time per citation here. 15 minutes = 1/4 hours = 0.25 hours
Number of citations per day is also different here and that's 45.
[0.25k₁ x (45 x 30)] = Y
Y is what we're looking for here and definitely, we have the value for k₁ so input it to solve for Y.
[0.25 x 12.4 x 45 x 30] = $4,185
THIRD STEP:
Indicate whether the actual budget was favorable or unfavorable.
In Economics, a favorable budget is one where income exceeds expenditure (or expected labor output exceeds proposed payment) while an unfavorable budget is one where expenditure exceeds income (or proposed payment exceeds labor output).
In this case, the PEU officers spent more time to write each citation AND wrote less number of citations than expected. In addition to this, they demanded or were paid more dollars per hour of work.
This leads us to the conclusion that the budget was unfavorable. The town of New Hen ended up spending more than planned and receiving less citations than planned.
You're welcome!
The most important information needed to determine if companies can pay their current obligations is the
Answer:
the relationship between current assets and current liabilities
Explanation:
^
The purpose of a value proposition is to quickly and easily convey a company or organization's product or service offering to its intended target market. For an organization or business to accomplish this and communicate an effective value proposition message, the value proposition should be:
Incomplete question. However, I provided added explanation of the term value proposition.
Explanation:
What is the value or usefulness of this service or product to me? By clearly telling your customers satisfying answers to the raised earlier you have communicated an effective value proposition message.
So in other words, an organization should have strong convincing value propositions; so that majority of your intended target market would not resist using that product or service for another alternative.
On January 1, Broker Corp. issued $3,600,000 par value 11%,11 year bonds which pay interest each December 31. If the market rate of interest was 13%, what was the issue price of the bonds
Answer:
$3,190,524
Explanation:
the issue price of the bonds was:
PV of face value = $3,600,000 / (1 + 13%)¹¹ = $938,511.55
PV of coupon payments = $396,000 x 5.6869 (PV annuity factor, 13%, 11 periods) = $2,252,012.40
issue price = $3,190,524
Dr Cash 3,190,524
Dr Discount on bonds payable 409,476
Cr Bonds payable 3,600,000
The demand for Carlo Rossi wine is relatively elastic since there are many other wines available to choose from. If the government decides to tax just this specific brand of wine, which of the following do you think will occur?
A. The majority of the tax will be paid by the producer
B. All of the tax will be passed on to the consumer
C. All of the tax will paid by by the producer
D. The majority of the tax will be paid by the consumer
Answer:
A. The majority of the tax will be paid by the producer
Explanation:
Elasticity of demand measures the rate of change in quantity demanded with changes in price.
When demand is relatively elastic it means that small changes in prices causes large change in quantity supplied.
So a small price increase will cause demand to drop by a large amount and vice versa.
In the given scenario Carlo Rossi wine has a relatively elastic demand coupled with other wine brands in the market. So an increase in price will cause demand to fall.
If the company is taxed by the government the only option they have is to bear majority of the tax
$1,000,000. Any excess of cost over book value was assigned to goodwill. During 2013, Sleat paid dividends of $24,000 and reported a net loss of $140,000. What is the balance in the investment account on December 31, 2013
Answer:
$950,800
Explanation:
Calculation for What is the balance in the investment account on December 31, 2013
Investment account balance=$1,000,000-(30%*$140,000)-(30%*$24,000)
Investment account balance=$1,000,000 - $42,000 - $7,200
Investment account balance= $950,800
Therefore the balance in the investment account on December 31, 2013 will be $950,800
You observe that the return on a 2-year Treasury bond is 4% and the return on a 3-year Treasury Bond is 7.2%. What is the one-year forward rate 2 years from now
Answer:
13.90%
Explanation:
Mathematically, the relationship between the different interest rates using the equation is shown below:
(1+S3)^3=(1+S2)^2*(1+2y1y)
The spot rate in year 3 is the same as the spot rate in year 2 multiplied by the 1-year forward rate beginning 2 years.
S3=3-year rate =7.2%
S2=2-year rate =4%
2y1y=one-year interest rate 2 years from now=the unknown
(1+7.2%)^3=(1+4%)^2*(1+2y1y)
(1+2y1y) =(1+7.2%)^3/ (1+4%)^2
2y1y=(((1+7.2%)^3/ (1+4%)^2)-1
2y1y= 1.138984142 -1
2y1y= 13.90%
