Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Debit Credit a. Interest revenue $ 14,500 b. Depreciation expense—Equipment $ 34,500 c. Loss on sale of equipment 26,350 d. Accounts payable 44,500 e. Other operating expenses 106,900 f. Accumulated depreciation—Equipment 72,100 g. Gain from settlement of lawsuit 44,500 h. Accumulated depreciation—Buildings 175,500 i. Loss from operating a discontinued segment (pretax) 18,750 j. Gain on insurance recovery of tornado damage 29,620 k. Net sales 1,003,500 l. Depreciation expense—Buildings 52,500 m. Correction of overstatement of prior year’s sales (pretax) 16,500 n. Gain on sale of discontinued segment’s assets (pretax) 36,500 o. Loss from settlement of lawsuit 24,250 p. Income tax expense ? q. Cost of goods sold 487,500 Assume that the company’s income tax rate is 40% for all items. Compute the tax effects and after-tax amounts of the three items labeled pretax. 2a. What is the amount of income from continuing operations before income taxes? 2b. What is the amount of the income tax expense? 2c. What is the amount of income from continuing operations?

Answer: Somewhat less than 50%

Explanation:

Here is the complete question;

Suppose that a labor economist performs a statistical analysis on economywide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth. How much of the variation in worker wages can be accounted for by such measurable explanatory factors?

a. Somewhat less than 50%.

b. Somewhat more than 60%

c. Nearly 100%

d. About 0%?

The variables which are typically removed from the quantitative analysis of wages are those which cannot be directly measured, directly observed or normative in nature.

Chance plays a vital role in deciding ones wage, the type of job one applies for and gets, and the salary that can be gotten. Chance cannot neither be measured nor observed. Natural ability cannot also be quantified, observed or measured. These variables are also subject to normative judgement.

Based on this analysis, the measurable traits will account for less than 50% of total variation in the wages.

Answer:

The correct answer to the following question will be Option A (Common measures bias).

Explanation:

The remaining three solutions are not relevant to the situation in question. So Choice A is the right one.

Answer: E.) Greener Gardens follows a relatively conservative approach to current asset financing; that is, some of its short-term needs are met by permanent capital.

Explanation: From the data given above, it could be inferred that Greener gardens Co. due to the seasonal nature of its business takes a conservative and measured approach into financing its current asset such as cash, account receivables, inventory, short term liability or debt

using permanent capital in other to shore up running cost or fluctuation which could result due to low revenue during the off peak period and cut the company's spending on certain short term needs.

Answer:

The answer is E. Gardens follows a relatively conservative approach to current asset financing; that is, some of its short-term needs are met by permanent capital.

Explanation:

The current asset financing policy concentrates on determining the most appropriate method of financing both temporary and permanent current assets.

There are 3 types of working capital financing policy - matching, conservative and aggressive.

In conservative financing policy, a business is required to maintain high levels of current assets in relation to its sales so as to absorb any sudden changes in the sales and thus avoid disruption in the production plans.

Working capital equals total current asset minus total current liability.

For peak period:

Current assets:

Cash. $50

Marketable securities. -

Account receivables. $40

Inventories $100

Total current assets. $190

Current liabilities:

Payables and accruals. $30

Short term bank debt. $50

Total current liabilities. $80

Therefore, working capital is:

$190 - $80

=$110

So Greener Gardens co. has excess working capital to cover for any sudden change in price.

Also for off peak:

Current assets:

Cash. $30

Marketable securities. $20

Account receivables. $20

Inventories $50

Total current assets. $120

Current liabilities:

Payables and accruals. $10

Short term bank debt. -

Total current liabilities. $10

Therefore, working capital is:

$120 - $10

=$110

For both on peak and off peak, the working capital is the same, meaning it is maintain a conservative policy that is dependent on its assets for financing.

Answer:

1. A $20 bill

2. A bond issued by a publicly traded company

3. The funds in a money market account

4. Your car

Explanation:

Liquidity means that how easily an asset can be converted into cash.

1. Currency is the most liquid means of medium of exchange, so $20 bill is highly liquid asset.

2. A publicly traded bond can be converted into cash within a couple of days, so it is second most liquid asset.

3. The funds invested in the money market can be withdrawn within agreed period of time which can be in months or days so it can be at seconf or third most liquid asset.

4. A car can take more than a month to locate a customer to sell it at appropriate price so it is the least liquid asset.

Answer:

Explanation:

Calculation of dividend amount for the preferred shareholders

Preferred Dividend =Per value of share * Dividend rate * Number of years

=88,000*5 * 10% * 2\

=$88,000

Thus cash dividend paid to common shareholder is $88,000

Calculations of cash dividend amount for common shareholder

Common share dividend= $165,000 - $88,000

=$77,000

Thus cash dividend paid to common shareholder is $77,000

Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

265shares x $76per share =  $20,140

Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase =  $20,305

Cost to sell = $215(brokerage fee)

Answer:

You need to save $4,012.45 each year

Explanation:

Pertiuty in 20 years  is $50,000.

So the amount must be in account after 30 years saving to enough for above pertiuty is calculated as below:

= $50000/(1+8%)+ $50000/(1+8%)^2+......+$50000/(1+8%)^20

= $50,000 * Annuity Factor ( 1-20 years) of 8%

=$50000*9.818

= $490,907

To have $490,907 (FV) in account after 30 years (tenor), now you have save an amount each year (PMT) calculated as below:

$490,907 = PMT*(1+8%)^30+....PMT*(1+8%)^2 + PMT*(1+8%)

= PMT * Discount Factor ( 1-30 years) of 8%

$490,907 = PMT * 122.346

-> PMT = $490,907/ 122.346

= $4,012.45

Answer:

MC = $17

P = $25.5

Explanation:

We proceed as follows;

Firstly calculate MC when e = -2, where MR = MC

(P-MC) / P = 1 / IeI

Here P = $34 and e = -2

(34 - MC) / 34= 1/ I-2I

(34 - MC) / 34= 1 / 2

78-2MC = 34

2MC = 34

MC = 34/2

MC = 17

Now, as we have MC, we will calculate the new price when e = -3

(P-MC) / P = 1 / IeI

(P - 17) / P = 1 / I-3I

(P - 17) / P = 1 / 3

3P -51 = P

2P = 51

P = 51/2

P = 25.5

Answer: Dead weight loss-= $3750

Explanation:

QD = 800 – 10P

 QS = 50P – 1,000,

At equilibrium, quantity demanded is equal to quantity supplied , so we have that, equating the two equations becomes

800 - 10p = 50p - 1000.

800 + 1000 = 50p + 10p

1800 = 60p

p = $30.

QD= QS= 800 - 10*30 = 500 units

QD= QS= 50x30 -1000= 500 units

Qd = Qs = 500 units.

 When P = $25 by government putting a price ceiling, which is below the equilibrium price,it will  lead to more demand than supply in the market

QD = 800 – 10P

QD= 800-10X25

QD=800-250= 550units

QS = 50P – 1,000,

Qs = 50 X25  - 1000

= 1,250-1000

QS = 250 units.

When quantity demanded =250units as a result of  Quantity supplied  at 250units. we will  have our new price to be

QD = 800 – 10P

250 = 800 - 10p

10p = 800 -250

10p = 550

p = $55.

To calculate  Dead weight Loss, we use the formulae,

0.5 x  (P2 - P1)  x (Q1 - Q2) where P1 and P2 are old and new prices and Q1 AND Q2 are old and new quantities

DWL = 0.5 x (55-25) X (500-250)

= 0.5 x 30x 250

Dead weight loss = $3750.

Answer:

Production total cost= $104,400

It is more profitable to buy the product.

Explanation:

Giving the following information:

Production costs (1,000 units):

Direct material $ 45,000

Direct labor $30,000

Factory overhead (30% is variable) 98,000

Buy:

1,000 units from an outside supplier for $100,000.

I will assume that the fixed overhead is not avoidable, therefore it should not be taken into account for the decision making.

Production total cost= 45,000 + 30,000 + (98,000*0.3)

Production total cost= $104,400

It is more profitable to buy the product.

According to the condition, of the Uniform Electronic Transactions Act (UETA), Relay's acceptance by e-mail will be considered effective when sent. Thus, the correct option is (B).

You can create, transmit, and receive information rapidly, and the users of your account may access information quickly, frequently mass-texting a large number of individuals at once.

The process of sending an email is immediate, but the writer should not anticipate an instant response.

Many people only manage their email during regular work hours since it is an essential component of their profession.

Therefore, the correct option is "B".

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Answer:

minimum average total cost of producing the target level of output.

Explanation:

Firms will always seek a profit maximizing output. This means that they will choose a manufacturing plant that allows them to sell more units while keeping the lowest possible marginal costs. This means that they will focus on choosing a production level that minimizes the average total cost for a certain amount of expected production.

Answer:

Value of treasury Note =$698,494.97

Explanation:

The value of the notes is the present value of the future cash inflows discounted at its YTM of 11%

Value of Notes = PV of interest + PV of RV  

The value of Note can be worked out as follows:  

Step 1  :Calculate the PV of Interest payment  

Present value of the interest payment  

PV = Interest payment × (1- (1+r)^(-n))/r  

r-Yield to Maturity, n- number of years

Interest payment = 3% × $1,000,000 × 1/2= $15,000 .

Semi-annual interest yield = 11%/2 =5.5%  

PV = 15,000 × (1 - (1.055)^(-5×2)/0.055) = 113,064.3874

Step 2   :PV of redemption Value  

PV of RV = RV × (1+r)^(-n)  

= 1000,000 × (1.055)^(-5×2)  

= 585,430.57

Step 3  

Calculate Value of the Notes

=113,064.3874  + 585,430.57

= $698,494.96

Value of treasury Note =$698,494.97

Answer:

Explanation:

From the question given; The objective here is to determine the profit maximizing bid-ask spread per unit for a market maker. In order to achieve that; The demand supply schedule of the number of units bought and sold need to be computed which is shown in the table below.

Price       Quantity demanded by buyers        Quantity sold by sellers

$14                 1                                                         11

$13                 2                                                         10

$12                 3                                                         9

$11                  4                                                         8

$10                 5                                                         7

$9                  6                                                         6

$8                  7                                                         5

$7                  8                                                         4

$6                  9                                                         3

$5                 10                                                         2

$4                  11                                                         1

However; As the two transactions are happening simultaneously; There are 11 people participating in buying of a good and selling from one person to the other.

But the maximum even number of people that can be part of this trade is only 10 people.

So; for the individual having an higher value for the good will be able to afford it and which are those that falls into the category of  $14,$13,$12,$11,$10,$9 can place bid for the good.

On the other hand,  the individual having a lower  value for the good will sell it and which are those that falls into the category of  $4,$5,$6,$7,$8,$9 and would want to  sell it for the ask price of the good.

In this trend, we understand that the individual valuing the good for $9 won't be able to participate due to the fact that He appears on both trends because in the demand side , he have the lowest willingness to pay and at the seller's side he has the the highest value for the good and that the equilibrium price in this market is $ 9 because at this price the quantity demanded equals quantity supplied .

Thus; we can conclude that there are 5 transactions in the maximizing bid-ask spread per unit for a market maker.

Answer:

Explanation:

Yes, Jessops  is fulfilling its corporate social responsibility due to its contribution to the local councils for developing the collection facilities of discarded electronic goods and also by raising awareness for WEEE regulations, setting up plants to recycle used batteries can also be counted as a corporate social responsibility as it is an initiative to reduce environmental pollution caused by batteries.  

There are four types of corporate social responsibility: Environment conservation, philanthropy, volunteerism, diversity and labor practices. Many corporations give money for preservation of wildlife and land, and take up environmental clean up efforts.  

CSR helps the companies in many ways. It includes brand recognition and business reputation, it gives competitive edge to a company as companies prefer suppliers with responsible policies. It enhances customer loyalty and increases sales, it saves operational cost by reducing emissions and waste.

The CSR efforts helps the companies to attract talent and retain them as employees are motivated to work with companies taking up CSR initiatives.

CSR efforts also improves relations with the authorities and makes it easy to get financial access.

So, Jessop group will also get all these benefits from its CSR initiatives that will help it to  become market leader in imaging industry.

Answer:

1. False

2. False

3. d. centralizing its decision making to better control its total quality management program

4. a.

5. True

Explanation:

1. Remember, a skimming strategy does the opposite–where a company chooses the highest possible price not the lowest price for their product when entering the market.

2. Indeed, this has impacted on production techniques in recent years. For example, from labour intensive car factories in the past we now have fully automated car factories that require very few workforce.

3. Remember, centralization results when there are fewer people in the line of authority. Therefore, if Brights Electronics decision to reorganize and significantly trim its middle management would result in centralized decision making and a better control its total quality management program.

4. Note that the promotional mix involves target based marketing, therefore each target market may have unique characteristics. And to attract each target market would involve establishing a promotional strategy that can reach multiple targets rather than developing a separate promotion mix for each target group.

5. An inverted organization is one that has a reversal from the normal line of authority found in most organization. Instead of top to bottom it now bottom to top. This implies that the manager who normally would play major role in deciding strategies to be taken doesn't, but the bottom line employees performs that responsibility. Thus, School Days Center can be rightly called an inverted organization.

Answer:

The advantages and achievement of the Solidia technologies is listed below:

Explanation:

Solidia Technologies is the Jersey-based startup which has reduced its 70% Carbon dioxide emission and is among the top priorities of the constructors who opt to green cements and try their best to achieve their set social and environmental footprints. Furthermore, this company has also achieved many awards due to innovative technology with many additional investment donated by the government as a prize and in the form of loans to help the company expand their operations. They have successfully grown their business and are now expanding to different states due to their innovation that they provide.

Answer: $5,600 Favorable

Explanation:

Total Overhead Variance is a method of measuring if the company is spending more than it is supposed to on overhead. It checks this by computing the difference between the Actual Overhead spent and the Budgeted/ Standard Overhead that it was supposed to spend.

If the Actual Overhead is more than the Standard Overhead the Variance is Negative, if the reverse is true then the Variance is Positive.

The formula for the Variance given the details in the question is,

Total Overhead Variance = Standard total Overhead - Actual Overhead

= (Standard hours * Pre-determined Overhead rate) - Actual Hours

= ( 20,600 * 6) - 118,000

= 123,600 - 118,000

= $5,600

The Standard Total Overhead is more than the Actual Total Overhead so the Variance is Positive as Pine Company spent less than it thought it would.

Answer:

60%

Explanation:

Answer:

A. 14%

B. NPV = $-4,761.19

C. 28%

Explanation:

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

IRR can be calculated using a financial calculator:

Cash flow in year 0 = $-102,990

Cash flow each year from year one to five = $30,000

IRR = 14%

The net present value is the present value of after tax cash flows from an investment less the amount invested.

Npv can be calculated using a financial calculator:

Cash flow in year 0 = $-102,990

Cash flow each year from year one to five = $30,000

I = 16%

NPV = $-4,761.19

IRR if cash flow is $41,000

Cash flow in year 0 = $-102,990

Cash flow each year from year one to five = $41,000

IRR = 28%

To find the NPV using a financial calacutor:

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

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

To find the IRR using a financial calacutor:

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

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

I hope my answer helps you

Answer:

Effect on income= $3,520 increase

Explanation:

Giving the following information:

Contribution margin= 44

The marketing manager believes that a $6,600 increase in the monthly advertising budget would result in a 230 unit increase in monthly sales.

To calculate the effect on income, we need to use the following formula:

Effect on income= increase in contribution margin - increase in costs

Effect on income= 230*44 - 6,600

Effect on income= $3,520 increase

Answer:

The smallest value of x is 5 which leads to a safe state.

Explanation:

Solution

Given that:

Process Available Maximum Request = Max-Available

A         [2 ,1 ,0 ,2, 2] [4, 2,2, 3, 3]          [2,1,2,1,1]

B         [3 ,1, 1, 0 ,2] [3 ,3 ,6 ,1 ,2]          [0,2,5,1,0]

C         [2 ,1 ,0 ,2 ,1 ] [3 ,2 ,3 ,3 ,1]          [1,1,3,1,0]

D         [1, 1, 0, 1, 0 ] [1, 2, 3, 2 ,1 ]          [0,1,3,1,1]

Available = 3,2,x,2,3 ⇒ x has to be determined.

Now

consider x=1 then Available = 3,2,1,2,3

It can't satisfy A,B,C,D since the minimum value of x among those is 2

Consider x=2 then Available = 3,2,2,2,3

It can't satisfy B,C,D since the minimum value of x among those is 3

Thus

consider x=3 then Available = 3,2,3,2,3

It can't satisfy D since the minimum value of x among those is 5

Then

consider x=5 then Available = 3,2,5,2,3

It can satisfy A,B,C,D

Therefore, the minimum value of x is 5. So, that it leads to a safe state.

A computer's operating system serves as a link between humans and machines. A resource allocator is another title for it.

Solution:-

Given that:-

Process Available Maximum Request = Max-Available

A         [2 ,1 ,0 ,2, 2] [4, 2,2, 3, 3]          [2,1,2,1,1]

B         [3 ,1, 1, 0 ,2] [3 ,3 ,6 ,1 ,2]          [0,2,5,1,0]

C         [2 ,1 ,0 ,2 ,1 ] [3 ,2 ,3 ,3 ,1]          [1,1,3,1,0]

D         [1, 1, 0, 1, 0 ] [1, 2, 3, 2 ,1 ]          [0,1,3,1,1]

Available = 3,2,x,2,3 ⇒ x has to be determined.

Now , consider x=1 then Available = 3,2,1,2,3

It can't satisfy A,B,C,D since the minimum value of x among those is 2

Consider x=2 then Available = 3,2,2,2,3

It can't satisfy B,C,D since the minimum value of x among those is 3

Thus, consider x=3 then Available = 3,2,3,2,3

It can't satisfy D since the minimum value of x among those is 5

Then ,consider x=5 then Available = 3,2,5,2,3

It can satisfy A,B,C,D

Therefore, the minimum value of x is 5. So, that it leads to a safe state.

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Answer:

€67,000

Explanation:

The computation o the cost is shown below:

But before that first we have to determine the exchange rate at which the quantity demanded equal to quantity supplies

As we can see that from the table  $1.5 per euro exchange rate, the quantity demanded equal to quantity supplied

That means € 1 = $ 1.5

So,  

$1 = € 1 ÷ 1.5

So,

Euro exchange rate = €0.67 per dollar

Now

Worth of exchange  is

= $100,000 × € 0.67 per dollar

= €67,000

Answer:

A. neutralize the rumor by openly confirming any parts that may be true.

Explanation:

Here are the options to this question:

A. neutralize the rumor by openly confirming any parts that may be true.

B. restrict the length of breaks taken by the employees.

C. closely monitor each employee's activities in the office.

D. fire employees found spreading false stories.

E. block all forms of electronic communication in the office.

I hope my answer helps you

Answer:

Dr cash($8800+$33+$165)       $8,998

Cr notes receivable                                   $8,800

Cr interest revenue                                    $33

Cr interest receivable                                $165

Explanation:

As at January 15 when the note is received ,there is need to recognize interest revenue for 15 days of January i.e 15/360*9%*$8800=$33

From October 17 to December 31 ,interest receivable amount already recognized as revenue=75/360*9%*$8800=$165

The actual of amount of notes receivable is the original amount of $8,800

Answer:

$25,550

Explanation:

For computing the net investment first we have to find out the loss or gain on sale of old equipment which is shown below:

Sale value = $61,200

Less: Book value of old equipment = $60,200

Gain = $1000

Now

Tax on gain is

= $1,000 × 25%

= $250

So, the net gain is

= $1,000 - $250

= $750

Now the net investment is

= Cost of new equipment - sale value pre tax + net gain

= $86,000 - $61,200 + $750

= $25,550

Answer:

Net Investment = $25,550

Explanation:

Given:

Sale value (old equipment) = $61,200

Book value of old equipment = $60,200

New equipment cost = $86,000

Effective tax rate = 25%

Computation

Gain on sale = $61,200 - $60,200

Gain on sale = $1,000

Amount of tax on gain = $1000 × 25%

Amount of tax on gain = $250

Net Gain = Gain on sale - Amount of tax on gain

Net Gain = $750

Net Investment = Cost of new equipment - (Sale value - Net Gain)

Net Investment = $86,200 - (61,200 - 750)

Net Investment = $25,550

Answer:

a. Transactions are posted to the general ledger.

Explanation:

Accounting cycle is an arrangement of accounting procedure in a systematic order during the accounting year for each accounting information.

The first step in accounting cycle is to analyze the given date and classify them accordingly, after which the transaction will be journalized. The next step is to Post transactions to the general ledger. Next is to prepare trial balance(unadjusted) and then record the adjusting entries. After this step, the adjusted trial balance is then prepared before preparing the financial statement and then record the closing entries.

Answer: a. long-term plans.

Explanation:

Long term plans in a business are considered Strategic Plans. Strategic plans aim to formulate general long term goals and visions for what the company aims to do in future and what level they aim to be at.

These types of goals are usually for the policy makers in a company being the Top Executives who are tasked with the long term growth of the company.

The Top Executives come up with these plans and then the Mid and lower level managers come up with tactical and operational plans to meet the objectives of the plans.

Answer:

                               Alexion Systems, Inc.

                                 Income Statement

                 For the Year Ended December 31, 2021

                                       (in $ millions)

Sales revenue                                                       $437

Cost of goods sold                                             ($256)

Gross profit                                                            $181

Operating expenses:

Income from continuing operations b/ Taxes     $30

Income tax expense                                           ($7,5)

Income from continuing operations                                     $22.5

Other revenues and expenses:

Other revenues and expenses                                                  $9

Discontinued operations:

Income from discontinued operations                                    $90

Net income                                                                          $121.50

Earnings per share                                                                $12.15

Explanation:

I assumed income tax rate = 25% (I divided $43 / $172)

Answer:

a. On February 15, paid $130,000 cash to purchase GMI's 90-day short-term notes at par, which are dated February 15 and pay 6% interest (classified as held-to-maturity).

Dr Investment in GMI's notes - HTM 130,000

    Cr Cash 130,000

b. On March 22, bought 1,000 shares of Fran Inc. common stock at $35 cash per share. Cancun's stock investment results in it having an insignificant influence over Fran.

Dr Investment in Fran inc. stocks 35,000

    Cr Cash 35,000

c. On May 15, received a check from GMI in payment of the principal and 90 days' interest on the notes purchased in part a.

Dr Cash 131,950

    Cr Investment in GMI's notes - HTM 130,000

    Cr Interest revenue 1,950

d. On July 30, paid $39,000 cash to purchase MP Inc.'s 5% , six-month notes at par, dated July 30 (classified as trading securities).

Dr Trading securities - MP Inc.'s notes 39,000

    Cr Cash 39,000

e. On September 1, received a $0.42 per share cash dividend on the Fran Inc. common stock purchased in part b.

Dr Cash 420

    Cr Dividends revenue 420

f. On October 8, sold 500 shares of Fran Inc. common stock for $41 cash per share.

Dr Cash 20,500

    Cr Investment in Fran inc. stocks 17,500

    Cr Gain on investment 3,000

g. On October 30, received a check from MP Inc. for three months’ interest on the notes purchased in part d.

Dr Cash 487.50

    Cr Interest revenue 487.50