Answer and Explanation:
The journal entries are shown below:
1. Processor charges - Credit card expense Dr ($10,500 × 3%) $315
Cash Dr $10,185
To Sales Revenue $10,500
(Being the credit card expense is recorded)
For recording this we debited the cash and expenses as it increased the asset and expenses and credited the sales revenue as it also increased the revenue
Processor charges - debit card expense Dr ($6,000 × 3%) $180
Cash Dr $5,820
To Sales Revenue $6,000
(Being the debit card expense is recorded)
For recording this we debited the cash and expenses as it increased the asset and expenses and credited the sales revenue as it also increased the revenue
2. Cash Dr $10,500
To Sales Revenue $10,500
(Being the cash receipt is recorded)
For recording this we debited the cash as it increased the asset and credited the sales revenue as it also increased the revenue
Cash Dr $6,000
To Sales Revenue $6,000
(Being the cash receipt is recorded)
For recording this we debited the cash as it increased the asset and credited the sales revenue as it also increased the revenue
Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Equivalent Units of Production Direct Materials Conversion Units Completed and transferred out 44,000 44,000 Units in Ending Work in Process: Direct Materials (9,000 * 100%) 9,000 Conversion (9,000 * 70%) 6,300 Equivalent Units of Production 53,000 50,300 Cost per Equivalent Unit Costs of beginning work in process $43,400 $63,700 Costs incurred this period 145,100 195,100 Total costs $188,500 $258,800 Cost per equivalent unit $3.56 per EUP $5.15 per EUP The total conversion costs transferred out of the Canning Department equals:_______.a. $156,640. b. $179,068. c. $188,500.
Answer:
Material Costs Transferred Out $ 156,640
Conversion Costs Transferred Out $ 226355
Explanation:
Mitchell Manufacturing
Canning Department.
Equivalent Units of Production
Direct Materials Conversion
Units Completed and transferred out 44,000 44,000
Units in Ending Work in Process:
Direct Materials (9,000 * 100%) 9,000
Conversion (9,000 * 70%) 6,300
Equivalent Units of Production 53,000 50,300
Cost per Equivalent Unit
Costs of beginning work in process $43,400 $63,700
Costs incurred this period 145,100 195,100
Total costs $188,500 $258,800
Cost per equivalent unit $3.56 per EUP $5.15 per EUP
The total conversion costs = $ 258,800
Less Conversion Costs of Ending Inventory= ( 6300 * 5.15)= 32445
Conversion Costs Transferred Out $ 226355
The Total Material Costs $188,500
Less Material Costs of Ending Inventory= ( 9000 * 3.56)= 32040
Material Costs Transferred Out $ 156,640
It can also be solved by multiplying EUP with the Units Completed and transferred out and we will get the same results.
Material Costs Transferred Out ( 44000*3.56) $ 156,640
Conversion Costs Transferred Out ( 44000*5.15) $ 226355
The total value (debt plus equity) of Wilson Dover Inc. is $500 million and the face value of its 1-year coupon debt is $200 million. The volatility (σ) of Wilson Dover's total value is 0.60, and the risk-free rate is 5%. Assume that N(d1) = 0.9720 and N(d2) = 0.9050. Refer to the data for Wilson Dover Inc. What is the yield on Wilson Dover's debt?
Answer:
The yield on Wilson Dover's debt is 7.42%
Explanation:
In order to calculate the yield on Wilson Dover's debt we would have to calculate first the value of debt as follows:
value of debt=Total value*N(d1)-Debt*e∧-r fx period*N(d2)
value of debt=$500 million*0.9720-$200 million*2.7183∧-0.05*1*0.9050
value of debt=$486 million-$200 million*0.951229*0.9050
value of debt=$486 million-$172.1724 million
value of debt=$313.8276 million
=Total Value-Value of debt
=$186.17 million
The value of debt is $186.17 million
So, to calculate the yield we have to use the following formula:
Yield=(Face Value/current value)∧1/period-1
Yield=($200 million/$186.17 million)∧1-1
Yield=1.074286942-1
Yield=7.42%
The yield on Wilson Dover's debt is 7.42%
A combination of news covered by the media that boosts sales without having to pay is best described by the term ________. (1pts) Question 5 - A combination of news covered by the media that boosts sales without having to pay is best described by the term ________. Select bootstrap marketing as your answer bootstrap marketing Select entertailing as your answer entertailing Select public relations as your answer public relations Select data mining as your answer data mining
Answer:
Public relations.
Explanation:
Public relations is a combination of news covered by the media that boosts sales without having to pay.
Public relations involves the process of professionally maintaining and sustaining a favourable public perception and image by an organization or an elite.
As a rule, every organization makes it a standard to always go for the best public relations manager, so as to have a competitive advantage over industry rivals and to boost their public image or reputations.
Hence, PR managers use public relations, as a strategic communication process to issue and disseminate quality informations between their principal (usually an individual) or an organization and the public, in order to build a mutualistic relationship.
As part of an economics class project, students were asked to randomly select 500 New York Stock Exchange (NYSE) stocks from the Wall Street Journal. As part of the project, students were asked to summarize the current prices (also referred to as the closing price of the stock for a particular trading date) of the collected stocks using graphical and numerical techniques. Would this be an application of descriptive or inferential statistics
Answer:
Descriptive Statistics
Explanation:
Descriptive Statistics is a technique in which data is collected and then analysis is made on the selected data through numerical techniques or graphs. In the given question the students have selected stocks and are analyzing its performance through graphical and numerical technique. This is descriptive statistics.
n the kinked demand curve model, competitors: A. ignore any price change by a rival firm. B. ignore any price increase and match any price decrease by a rival firm. C. match any price increase and ignore any price decrease by a rival firm. D. follow any price change by a rival firm.
Answer:
B. ignore any price increase and match any price decrease by a rival firm.
Explanation:
The kinked demand curve model is used by economists to provide information about the monopolistic and oligopolistic market.
Under oligopoly, the kinked demand curve shows that price aren't flexible for a long period of time. The kindred demand curve is associated with a demand curve that isn't a straight line but has varying elasticity for both lower and higher prices in the economic market.
Hence, organizations operating in an oligopolistic market ensure their market shares are maintained and well protected. Thus, an oligopolist would lower it's selling price if its competitors in the market lower their selling price. However, he or she ignores any price increase by his or her competitors.
The kinked demand curve model helps them to understand how to protect and expand their market share.
Mojo Mining has a bond outstanding that sells for $1,061 and matures in 25 years. The bond pays semiannual coupons and has a coupon rate of 6.1 percent. The par value is $1,000. If the company's tax rate is 39 percent, what is the aftertax cost of debt
Answer:
3.44%
Explanation:
For computing the after tax cost of debt we need to apply the RATE formula i.e shown in the attachment below:
Provided that,
Present value = $1,061
Future value or Face value = $1,000
PMT = 1,000 × 6.1% ÷ 2 = $30.5
NPER = 25 years × 2 = 50 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula,
1. The pretax cost of debt is 2.82% × 2 = 5.64%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 5.64% × ( 1 - 0.39)
= 3.44%
On February 18, 2021, Union Corporation purchased 600 IBM bonds as a long-term investment at their face value for a total of $600,000. Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2021, and December 31, 2022, the market value of the bonds was $580,000 and $610,000, respectively.Required:2. & 3. Prepare the adjusting entry for December 31, 2021 and 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
Dr unrealized holding gains and losses—OCI $20,000
Cr investment in bonds fair value adjustment $20,000
Dr investment in bonds fair value adjustment $30,000
Cr unrealized holding gains and losses—OCI $30,000
Explanation:
On 31st December 2021 the adjustment required is the difference between the cost of bond investment of $600,000 and the market value of the bonds which was $580,000, in a nutshell a unrealized loss of $20,000 is recorded.
The excess of fair value of market value of $610,000 over the previous year market value would be debited to fair value adjustment while it is also credited to unrealized holding gains and losses-OCI
On January 1, Year 1, a company issues $39.1 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride.
If the market rate is 8%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.
Bond Characteristics AmountFace amount Interest payment Market interest rate Periods to maturity Issue price
A. If the market rate is 9%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1).
Bond Characteristics AmountFace amount Interest payment Market interest rate Periods to maturity Issue price
If the market rate is 10%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1).
Bond Characteristics AmountFace amount Interest payment Market interest rate Periods to maturity Issue price
Answer:
$42,969,487
$ 39,100,000
$ 35,745,399
Explanation:
The price of the bond using the pv formula in excel is given thus:
=-pv(rate,nper,pmt,fv)
rate is the market rate divided by 2 since interest is payable twice a year
nper is 20year multiplied by 2 which gives 40
pmt is the semiannual coupon=$39,100,000*9%*6/12=$1,759,500.00
fv is the face value of $39,100,000
market rate of 8%
=-pv(8%/2,40,1759500,39100000)=$42,969,487
market rate of 9%
=-pv(9%/2,40,1759500,39100000)=$ 39,100,000
market rate of 10%
=-pv(10%/2,40,1759500,39100000)=$35,745,399
Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $334,000; the partnership assumes responsibility for a $117,000 note secured by a mortgage on the property. Monroe invests $92,000 in cash and equipment that has a market value of $67,000. For the partnership, the amounts recorded for the building and for Fontaine's Capital account are:
Answer:
Building= $334,000
Fontaine's capital account= $217,000
Explanation:
From the question above
Fountain company and Monroe company come together to form a partnership.
Fontaine invests a building that has a market value of $334,000
The partnership takes charge for a $117,000 note secured by a mortgage on the building
Monroe invests $92,000 on cash and equipments
The cash and equipments has a market value of $67,000
Therefore the amount recorded for the building is $334,000
The amount recorded for Fontaine's capital account is
= $334,000-$117,000
= $217,000
Hence for the partnership the amounts recorded for the building and fontaine's capital account is $334,000 and $217,000 respectively.
Gwinnett Barbecue Sauce Corporation manufactures a specialty barbecue sauce. Gwinnett has the capacity to manufacture and sell 15,000 cases of sauce each year but is currently only manufacturing and selling 14,000. The following costs relate to annual operations at 14,000 cases: Total Cost Variable manufacturing cost $294,000 Fixed manufacturing cost $56,000 Variable selling and administrative cost $42,000 Fixed selling and administrative cost $38,000 Gwinnett normally sells its sauce for $45 per case. A local school district is interested in purchasing Gwinnett's excess capacity of 1,000 cases of sauce but only if they can get the sauce for $23 per case. This special order would not affect regular sales or total fixed costs or variable costs per unit. If this special order is accepted, Gwinnett's profits for the year will:
Answer:
Gwinnett's profits for the year will decrease by $1,000
Explanation:
total costs for normal 14,000 cases:
Variable manufacturing cost $294,000 / 14,000 = $21 per caseFixed manufacturing cost $56,000 Variable selling and administrative cost $42,000 Fixed selling and administrative cost $38,000total = $430,000the incremental revenue of selling 1,000 cases to the school district = $23 x 1,000 = $23,000
the incremental costs for producing and selling 1,000 more cases:
variable manufacturing costs = $21 x 1,000 = $21,000variable S&A costs = $3 x 1,000 = $3,000total incremental costs = $24,000incremental revenue - total incremental costs = $23,000 - $24,000 = -$1,000
Answer:
Effect on income= $1,000 decrease
Explanation:
Giving the following information:
Unitary variable costs:
Variable manufacturing cost= $294,000/14,000= $21
Variable selling and administrative= $42,000/14,000= $3
Special offer= 1,000 units for $23
Because it is a special offer and there is unused capacity, we will not take into account the fixed costs:
Effect on income= 1,000*(23 - 24)= $1,000 decrease
Steeler Company has issued bonds that pay semiannually with the following characteristics: Coupon Yield to Maturity Maturity Duration 10% 10% 10 years 6.76 years If the yield to maturity decreases to 8.045%, the expected percentage change in the price of the bond using modified duration would be ________.
Answer:
the expected percentage change in the price of the bond using modified duration would be 12%
Explanation:
A= Semi annually= 2
YM= Yield to Maturity= 10%
M= Maturity= 10%
MtD= Maturity duration= 6.76 years
Modified duration (MD)= MtD/1+YM/A
MD= 6.76/1+10%/2= 6.76/1.05= 6.438 approx 6.44 years
Change in Yield to maturity = 8.045%- 10%= -1.955%
Change in percentage Price= -Modified duration*Change in Yield to maturity
Change in percentage Price= -6.44*(--1.955%
)= 12.59%
George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50, he sold only 4,000 T-shirts. Which of the following best approximates the price elasticity of demand? -2.2 -1.8 -2 -2.6 Suppose George's marginal cost is $5 per shirt. Before the price change, George's initial price markup over marginal cost was approximately . George's desired markup is . Since George's initial markup, or actual margin, was than his desired margin, raising the price was .
Answer: George's initial price markup over marginal cost was approximately 41.2% George's desired markup is 45% Since George's initial markup, or actual margin, was Less than his desired margin, raising the price was profitable
Explanation:
a) Price Elasticity of Demand = [(Q1-Q2)/(Q1+Q2)] / [(P1-P2)/(P1+P2)]
= 5000- 4000/4000+ 5000) / 8.50- 9.50 /8.50 ₊9.50 =
1000/8000 / -1/ 18 = 0.125/-0.055 = -2.2
George's initial price markup over marginal cost was approximately
when Marginal cost = $5
b)initial price markup = Price - marginal cost / price = 8.50 - 5.00/ 8.50 = 0.412= 41.2%
C) George's desired margin = 1/absolute value of price elasticity = 1/ 2.2= 0.45= 45%
.
D)Since George's initial markup or actual margin was less than his desired margin, raising the price is profitable.
This is because When the markup is lower than the margin, business is running on a loss, so it is nessesary to increase price.
Overhead Variance (Over- or Underapplied), Closing to Cost of Goods Sold At the end of the year, Estes Company provided the following actual information: Overhead $412,600 Direct labor cost 532,000 Estes uses normal costing and applies overhead at the rate of 75% of direct labor cost. At the end of the year, Cost of Goods Sold (before adjusting for any overhead variance) was $1,670,000.Required:
1. Calculate the overhead variance for the year. $2. Dispose of the overhead variance by adjusting Cost of Goods Sold.
Answer:
1.
$13,600 unfavorable
2.
$1,683,600
Explanation:
Overhead variance is difference between the budgeted and actual values of the overhead incurred by a company.
Applied Overhead is the overhead value calculated by multiplying the actual activity and budgeted applied rate.
Applied Overheads = $532,000 x 75% = $399,000
Actual Overheads = $412,600
Overheads Variance = Applied Overheads - Actual Overheads
Overheads Variance = $399,000 - $412,600 = -$13,600
As actual overheads are incurred more than the applied overhead, so the variance is unfavorable.
$13,600 unfavorable
2.
As the overhead is under-applied and it need to be adjusted and added in the cost of goods sold.
Cost of Goods sold = $1,670,000
Adjusted cost of goods sold = $1,670,000 + $13,600
Adjusted cost of goods sold = $1,683,600
Process Costing using First-in-First Out (FIFO) Crone Corporation uses the FIFO method in its processing costing system. The following data concern the company's Assembly Department for the month of October.
Cost in beginning work in process inventory $1,920
Units started and completed this month 3,130
Materials Conversion:
Cost per equivalent unit $9.50 $20.40
Equivalent units required to complete the units in
beginning work in process inventory 360 140
Equivalent units in ending work in process inventory 330 264
Required:
a. Determine the cost of ending work in process inventory
b. Determine the cost of units transferred out of the department during October.
Answer:
Cost of ending inventory= $8,520.6
Total cost of units transferred out=$99,863
Explanation:
Cost of ending inventory
Cost of items of inventory = cost per equivalent unit × No of units
Cost of items of inventory = ($9.50×330) + ($20.40 × 264)= $8,520.6
Total cost of units transferred out
The FIFO method of valuation of working in progress separates the units transferred out into opening inventory and fully worked.
The fully worked represents the units of inventory started and completed in the sames period.
The cost of units transferred out is the sum of h opening inventory and he fully worked. This done below:
Opening inventory = ($9.50 × 360) + ($20.40×140)= 6276
Transferred of fully worked = $(9.50 +$20.40) × 3,130= 93,587
Total cost of units transferred out = (6276 +93587)= $99,863
Atkinson Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one indirect-cost pool (assembly support). Direct labor-hours is the allocation base for assembly support costs. In December 2016, Atkinson budgets 2017 assembly-support costs to be $8,800,000 and 2017 direct labor-hours to be 220,000.At the end of 2017, Atkinson is comparing the costs of several jobs that were started and completed in 2017.Laguna Model Mission ModelConstruction period Feb-June 2017 May-0ct 2017Direct material costs $106,550 $127,450Direct labor costs $ 36,250 $41,130Direct labor-hours 970 1,000Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. The 2017 actual assembly-support costs were $8,400,000, and the actual direct labor-hours were 200,000.Required:1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ?2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing?3. Why might Atkinson Construction prefer normal costing over actual costing?
Answer:
1. Compute the
(a) budgeted indirect-cost rate
$40 per labor hour
and (b) actual indirect-cost rate.
$42 per labor hour
Why do they differ?
Because total assembly support costs and labor hours were different.They both were actually lower than expected, but the labor hours were 9% lower while the costs were around 5% lower. That is why the actual rate increased (denominator decreased more than numerator).
2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing
Laguna Model Mission Model
assembly-support cost $38,800 $40,000
and (b) actual costing?
Laguna Model Mission Model
assembly-support cost $40,7400 $42,000
3. Why might Atkinson Construction prefer normal costing over actual costing?
The problem with actual costing is that they cannot be budgeted, you can only budget normal costing. Any business has to prepare budgets in order to control how their operations are being carried out and then they need to adjust them to the actual costs incurred.
Explanation:
Laguna Model Mission Model
Construction period Feb-June 2017 May-0ct 2017
Direct material costs $106,550 $127,450
Direct labor costs $36,250 $41,130
Direct labor-hours 970 1,000
budgeted indirect cost rate:
assembly-support costs $8,800,000
direct labor-hours 220,000
budgeted assembly-support cost per labor hour = $8,800,000 / 220,000 = $40 per hour
Laguna Model Mission Model
assembly-support cost $38,800 $40,000
actual indirect cost rate:
assembly-support costs $8,400,000
direct labor-hours 200,000
actual assembly-support cost per labor hour = $8,400,000 / 200,000 = $42 per hour
Laguna Model Mission Model
assembly-support cost $40,7400 $42,000
Vaughn Corporation has retained earnings of $706,100 at January 1, 2017. Net income during 2017 was $1,638,400, and cash dividends declared and paid during 2017 totaled $83,100. Prepare a retained earnings statement for the year ended December 31, 2017. Assume an error was discovered: land costing $89,100 (net of tax) was charged to maintenance and repairs expense in 2014. (List items that increase retained earnings first.)
Answer: Please see below for answer
Explanation: Retained earnings is the portion of net income accumulated in a company which can be used for future reinvestment purposes after the cumulative amount of dividends declared have been deducted.
Solution- Using items that increase retained earnings first before any deduction
Vaughn Corporation
Retained earnings statements
Ended December 31st, 2017.
Retained Earnings as Reported on January 1st $706,100
Correction for Overstatement of expenses $89.100
Retained earnings as adjusted = $795,200
(Add) Net income/loss $1, 638,400
Net cash dividend (less) -$83, 100
Retained Earnings in December 31st 2017 $2,350,500
Zimmerman Company's annual accounting year ends on December 31. It is December 31, 2014, and all of the 2014 entries
except the following adjusting entries have been made:
a. On September 1, 2014, Zimmerman collected six months' rent of $8,400 on storage space. At that date, Zimmerman debited Cash and credited Unearned Rent Revenue for $8,400.
b. On October 1, 2014, the company borrowed $18,000 from a local bank and signed a 12 percent note for that amount. The principal and interest are payable on the maturity date, September 30, 2015.
c. Depreciation of $2,500 must be recognized on a service truck purchased on July 1, 2014, at a cost of $15,000.
d. Cash of $3,000 was collected on November 1, 2014, for services to be rendered evenly over the next year beginning on November 1, 2014. Unearned Service Revenue was credited when the cash was received.
e. On November 1, 2014, Zimmerman paid a one-year premium for property insurance, 9,000, for coverage starting on that date. Cash was credited and Prepaid Insurance was debited for this amount.
f. The company earned service revenue of $4,000 on a special job that was completed December 29, 2014. Collection will be made during January 2015. No entry has been recorded.
g. At December 31, 2014, wages earned by employees totaled $14,000. The employees will be paid on the next payroll date, January 15, 2015.
h. On December 31, 2014, the company estimated it owed $500 for 2014 property taxes on land. The tax will be paid when the bill is received in January 2015.
Required:
1`. Indicate whether each transaction relates to a deferred revenue, deferred expense, accrued revenue, or accrued
expense.
2. Give the adjusting entry required for each transaction at December 31, 2014.
Answer:
abcdefghijklmnopqrstuvwxyz
The Bloomington Bicycle Bearing company wishes to use a level output plan to plan for the rest of the year. Here is the forecasted demand for all bearing types: Month Demand May 800 Jun 650 July 720 August 690 Sept 530 Oct 610 Nov 630 Dec 610 If the beginning inventory is 300 units and the desired ending inventory at the end of December is 500 units, how many units will be in inventory at the end of August
Answer:
August ending Inventory 160 units
Explanation:
It wishes a level output AKAK same production over the rest of the year
total demand:
we add up the demand of the moths and our desired ending inventory
then we subtract the beginning and divide over the eight months
800 + 650 + 720 + 690 + 530 + 610 + 630 + 610 + 500 desired ending - 300 beginning = 5,440
We divide by 8 = 680 per month
Now we can do the budget up to August to solve for the ending inventory
[tex]\left[\begin{array}{ccccc}&Beg&Demand&Production&Ending\\May&300&800&680&180\\June&180&650&680&210\\July&210&720&680&170\\August&170&690&680&160\\\end{array}\right][/tex]
Ending = Beginning + Production - Demand (consumed)
Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia Corporation Income Statement For the Month ended November 30 Sales ($18 per unit) $ 765,000 Variable expenses: Variable cost of goods sold 467,500 Variable selling expense 127,500 Total variable expenses 595,000 Contribution margin 170,000 Fixed expenses: Manufacturing 105,360 Selling and administrative 35,120 Total fixed expenses 140,480 Net operating income $ 29,520 During November, 35,120 units were manufactured and 8,650 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months. Under absorption costing, for November the company would report a:__________.
(A) $4,850 profit(B) $4,850 loss(C) $35,750 profit(D) $19,400 profit
Answer:
Hie, there is no correct answer from the Options provided.
The Net Profit Under absorption costing, for November would be $7,460.
This is can be calculated from reconciling the Variable Costing profit to Absorption Costing profit or Alternatively from Preparing Absorption costing statement as shown below:
Absorption Costing Income Statement for November.
Sales 765,000
Less Costs of Goods Sold
Opening Stock (8,650×14) 121,100
Add Cost of Manufacture (35,120×14) 491,600
Less Closing Stock (1270×14) (17,780) 594,920
Gross Profit 170,080
Less Expenses
Variable selling expense 127,500
Fixed Selling and administrative 35,120
Net Income / loss 7,460
Elaborate on two instances at the workplace where "silence is golden " may be applicable.
Answer:
"Silence is golden" teaches that it is not everytime that somebody must say something. At times, it is better to keep quiet and listen to others and the environment instead of talking meaninglessly.
At the workplace, it is better to apply this "silence is golden" rule instead of asking or making unrelated questions or comments. Relevance is important in communication. Off-handed revelations can be offsetting and can damage one's character, if left unchecked. If you want to ask a question in any situation, please ensure that the question is related to the topic under discussion. If you want to make a comment during departmental meetings, first make the comment in your head and evaluate its relevance to the subject being discussed. After your evaluation, you may discover it was not necessary to ask the question or make the comment, then withdraw it. Do not fall into the habit of asking irrelevant questions or making unnecessary comments because you want your voice to be heard. We learn more from listening to others than from talking.
Another instance were "silence is golden" is when you are under emotions. Hold yourself in check at such moments and do not allow yourself to ask questions or make comments that will hurt the feelings of those around you. Some people are sentimental and will not appreciate nor excuse such remarks. Hold your tongue. Cry if you must, but do not voice out your emotions without control. People do not easily forget such remarks even though they realize that you were emotionally charged. Let your peace reign in your heart.
Explanation:
A workplace is not the most appropriate place to voice out some thoughts. You must recognize your purpose of being there in the first instance: to work and earn a living. So, simply do that. Do not be known as a talkative.
(1) From the case above, identify four factors within the general environment of Jessops Group Limited..
Answer:
The four factors within the general environment of Jess-ops Group Limited are macroeconomic factor, technological factor, regulatory factor, and social factor.
Explanation:
The general environment can be described as the larger environment in which the company operate.
The four factors within the general environment of Jess-ops Group Limited are macroeconomic factor, technological factor, regulatory factor, and social factor.
Note: These factors are explained in the attached file as there was a difficulty in submitting the explanation here.
Consider the following payoff matrix facing Harry and Sally when each chooses to go to the coffee shop listed. Both Harry and Sally would like to meet each other but are shy about asking the other out on a date. Harry Starbucks Dunkin Donuts Sally Starbucks H:1,S:1 H:0,S:0 Dunkin Donuts H:0,S:0 H:1,S:1 What is Harry's best strategy?
Answer:
Harry has no best strategy
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for a player where no player has an incentive to change their decisions.
If Harry and Sally goes to Dunkin Donuts, they both have a payoff of 1. If they go to different restaurants they have a payoff of zero. If they both go to Starbucks, they have a payoff of 1. Harry doesn't have a clear best strategy. So , he doesn't have a best strategy.
I hope my answer helps you
A part of a business's message that distinguishes it from all its competitors
is referred to as what?
Answer: Brand.
Explanation:
A brand usually a logo, name, word or sentence or the comnbination is a company's valuable assets that distinguishes its their product from its competitors. Overtime, A Brand which proves credibility will promote the company's worth and value and endear potential buyers to the benefit its owners and shareholders. A brand becomes a trademark when legal protection is conferred on it.
Answer:
unique selling proposition
Explanation:
Charles Underwood Agency Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $14,200 million in the coming year. In addition, the firm is expected to have net capital expenditures of $2,130 million, and net operating working capital (NOWC) is expected to increase by $35 million. How much free cash flow (FCF) is Charles Underwood Agency Inc. expected to generate over the next year?
Answer:
The free cash flow (FCF) is Charles Underwood Agency Inc. expected to generate over the next year is $12,035 million
Explanation:
According to the given data we have the following:
net operating profit after taxes=$14,200 million
net capital expenditures= $2,130 million
net operating working capital = $35 million.
Therefore, free cash flow (FCF) is Charles Underwood Agency Inc. expected to generate over the next year would be calculated as follows:
FCF= net operating profit after taxes-net capital expenditures- net operating working capital
FCF=$14,200 million-$2,130 million- $35 million
FCD=$12,035 million
Adjustment for Uncollectible Accounts Below is the aging of receivables schedule for Evers Industries. Aging of Receivables Schedule July 31 Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 1,050,000 600,000 220,000 115,000 85,000 30,000 Boyd Industries 36,000 36,000 Hodges Company 11,500 11,500 Kent Creek Inc. 6,600 6,600 Lockwood Company 7,400 7,400 Van Epps Company 13,000 13,000 Totals 1,124,500 607,400 233,000 121,600 96,500 66,000 Percentage uncollectible 1% 3% 12% 30% 75% Allowance for Doubtful Accounts 106,106 6,074 6,990 14,592 28,950 49,500 Assume that the allowance for doubtful accounts for Evers Industries has a credit balance of $8,240 before adjustment on July 31. Journalize the adjusting entry for uncollectible accounts as of July 31. If an amount box does not require an entry, leave it blank. July 31
Answer:
bad debt expense 97,866 debit
Allowance for Doubtful Accounts 97,866 credit
Explanation:
We are given the table for the aging method from which we extract the
Total for Allowance for Doubtful Accounts 106,106
Now, as currently the allwoance for doubtful accounts has a balance of 8,240 we need to adjust to make up the difference
106,106 adjusted balance - 8,240 current balance = 97,866 adjustment
we will credit the allowance and recognzie this amount of bad debt expense
This way we are matching our net account receivables with our estimation of what we expect to collect
A corporate CEO wished to relay good news about the prospect of a new technology being created, but was reluctant to do so. Instead, the CEO announces that the firm has decided to increase its dividend. This story is illustrative of what view of dividend relevancy
Answer:
Information signaling
Explanation:
Information signalling is defined as the various actions a firm takes that communicates it's financial outlook. For example if a firm releases a dividend policy it communicates the value of the firm's stock.
In this scenario the CEO announced increase in the firm's dividend. This will convey to investors that the company has a competitive advantage which will result in additional income, so dividends are being raised.
It is an indirect way of announcing good news about the prospect of a new technology being created.
On July 1, Perry Company signed a note with principal of $80,000 and a stated interest rate of 4%. The principal and interest are due on April 1 of the following year. Perry will accrue interest on December 31st.
$80,000 * 4% * 6/12 = $1,600 Interest is always stated as an annual rate regardless of loan term. The 4% interest is annual and must be multiplied by 6/12 to account for the six months july-december when recording the accrued interest on 12/31.
Required:
What is an example of accrued receivable?
Answer:
$1,600
An example of accrued receivable is recording interest revenue before it is been received.
Explanation:
Principal =$80,000
Interest rate =4%.
July to December =6 months
Hence:
$80,000 * 4% * 6/12
=$80,000×0.04×0.5
= $1,600
Perry accrued interest on December 31st is $1,600
An example of accrued receivable is recording interest revenue before it is been received.
To make merit increases consistent, administrators of merit pay programs must closely monitor the compa-ratio and the:________.a. average pay of the area where the organization is based. b. number of grades in the pay structure. c. company's stock price in the current financial year. d. number of new hires in the company. individual's performance ratings.
Answer:
idk I'm dumb but try looking it up on the internet
Piper is a manager in a corporation that was organized in Canada by one of his former coworkers. The company provides consulting services and training for architects employed by construction companies. The company recently went public, with shares being sold to hundreds of investors. Piper’s company would be a __________ corporation.
Answer:
A Public company.
Explanation:
A public company can be described as a commercial organization that has its share capital formed by shares, that is, the company sells its shares to the public, who become partners in the company.
The shares of a public company are traded on the stock exchange freely, without the need for any type of public bookkeeping.
The company's shareholders can be composed of any type of person who is interested in buying shares in the company.
Private companies generally become public because of the possibility of obtaining capital, which generates greater revenue for the company and greater possibility for growth and investment in business.
Big data analytics programs (which analyze massive data sets to make decisions) use gigantic computing power to quantify trends that would be beyond the grasp of human observers. As the use of this quantitative analysis increases, do you think it may decrease the "humanity of production" in organizations?
Answer:
The correct answer is: No, it may not decrease the humanity of production in organizations.
Explanation:
To begin with, the term known as ''humanity of production'' refers to that human element that gives to the company its capability of leadership and other human abilities. Moreover, when it comes to the big data analytics those programs would not decrease the humanity of production because in order to create all those programs and in order to read all the information that those programs give and to use it and implement there will be a need of using human capital to complete the whole objective. So therefore that human will be as need as machines.
