Tangarine Company is considering a project with an internal rate of return of 12%. Tangarine requires a minimum rate of return of 10%. The net present value of the project is: a.equal to zero. b.infinite. c.negative. d.positive. e.None of these choices are correct.

Answer: Instrumental

Explanation:

Rational choice theory, is a school of thought which is based on the assumption that individuals will choose a course of action which goes in line with what they personally prefer.

For the instrumental rationality, it has to do with looking for the most cost effective method in order to achieve a particular objective. Therefore, the behavior of corporate executives who outsource jobs to other countries where labor cost is cheaper than in the United States is defined as being instrumental.

Answer:

Warnerwoods Company

Perpetual Inventory System:

1. Cost of Goods Available for Sale and Units Available for Sale:

Mar. 1 Beginning inventory     60 units $50.20 per unit      $3,012

Mar. 5 Purchase                   205 units $55.20 per unit        11,316

Mar. 18 Purchase                    65 units $60.20 per unit        3,913

Mar. 25 Purchase                  110 units $62.20 per unit        6,842

Available for Sale                440 units            Cost =      $25,083

2. The number of units in ending inventory:

Units Available for Sale 440

Subtract units sold         310

Ending Inventory          130 units

3. The Cost assigned to ending inventory using:

a) FIFO: Ending Inventory

20 units at $60.20 per unit   = $1,204

110 units at $62.20 per unit  =  6,842

Ending Inventory                    $8,046

b) LIFO: Ending Inventory

Mar. 1 Beginning Inventory 45 units $50.20 per unit = $2,259

Mar. 18 Purchase 65 units $60.20 per unit  =                    3,913  

Mar. 25 Purchase 20 units $62.20 per unit   =                  1,244

Ending Inventory 130 units    Cost  = $7,416

c) Weighted Average: Ending Inventory

Cost of Goods Available for Sale divided by units available for sale

= $25,083/440 = $57 per unit

Ending Inventory = $57 x 130 = $7,410

d) Specific Identification: Ending Inventory

This cannot be answered from the  information provided in the question:

4. Gross Profit for each costing method:

                        FIFO             LIFO         WEIGHTED       SPECIFIC

                                                     AVERAGE        IDENTIFICATION

Sales               $27,312         $27,312         $27,312            $27,312

Cost of Sales    17,037           17,667            17,670

Gross Profit   $10,275          $9,645          $9,642

Explanation:

a) Sales:

Mar. 9 Sales 220 units $85.20 per unit = $18,744

Mar. 29 Sales 90 units $95.20 units   =       8,568

Total = $27,312

b) Cost of Sales:

i) FIFO

Mar 1. Beginning inventory 60 units $50.20 per unit  = $3,012

Mar. 5 Purchase 205 units $55.20 per unit      =            11,316

Mar. 18 Purchase 45 units $60.20                     =            2,709

Cost of Sales = $17,037

ii) LIFO:

Mar. 1 Beginning inventory 15 units $50.20 per unit  = $753

Mar. 5 Purchase 205 units $55.20 per unit   = $11,316

Mar. 25 Purchase 90 units $62.20 per unit   = $5,598

Cost of Sales = $17,667

iii) Weighted Average:

Cost of Sales = $57 x 310 = $17,670

c) Calculations under the specific identification cannot be made because of the figures given under this method.

Cost of goods available for sale =  440 units and $25,071

Number of units in ending inventory is 130 units.

1. The calculation of compute cost of goods available for sale and the number of units available for sale is;

Cost of goods available for sale =  440 units and $25,071

2. Number of units in ending inventory:

Number of units in ending inventory is 130 units.

3. Compute the cost assigned to ending inventory

4. Compute gross profit earned by the company for each of the four costing methods.

Learn more about on inventory, here:

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Answer:

  216%

Explanation:

Ordinary interest is computed on the basis of a 360-day year, so Marina's borrowing period is 1/12 of a year. The annual rate is then 12 times the rate Marina pays for 30 days:

  12 × 18/100 = 216/100 = 216%

Marina would discover the annual interest rate is 216%.

Answer:

0.4110

Explanation:

The formula and computation of the correlation coefficient is shown below:

Correlation co-efficient = Covariance ÷ (Standard deviation of market × Standard deviation of Stock A)

where,

Covariance between the two = 0.0026

Variance of the stock A = 0.005

And, the variance of the market is 0.008

Now placing these values to the above formula

So, the correlation coefficient is

= 0.0026 ÷ (0.008 × 0.005)^0.50

= 0.0026 ÷ 0.006324555

= 0.411096096

= 0.4110

Hence, the correlation coefficient is 0.4110

Answer:

$576

Explanation:

The computation of the ending inventory using the periodic LIFO inventory costing​ method is shown below:

But before determining the ending inventory first we have to find out the ending inventory units which is

Units of ending inventory = Opening Stock + Units purchased - Units sold

= 10 + 20 - (8 + 14)

= 8 units

The Ending inventory is 8 units. So, These  should be the units out of opening stock

Therefore

Ending inventory  is

= 8 units ×  $72

= $576

Answer:

The correct answer is A. True

Explanation:

Solution

Balanced scorecard performance management system: It is define as a management system and strategic planning that companies or firms use in communicating their set target and objectives.

Furthermore, a balanced scorecard is a measurement of management performance which can recognize and refine internal functions and external results.

Answer:

A journal was entered to determine the following transactions using the direct write-off method of accounting for uncollectible receivable shown below

Explanation:

Solution

    PART A:

                 Particulars                     Debit        Credit

Feb 20     Bad Debt Expense        $4,000

                Cash                               $1,000

                Accounts receivable                       $5000

May 10     Accounts receivable     $4,000

                Bad Debt Expense                          $4,000

                Cash                               $4,000

                Accounts receivable                       $4,000

Answer:

1. Prepare a schedule of accounts receivable for Calderone Company at January 31, 2019.

Since there is not enough room here, I prepared an excel spreadsheet. Since we are not told the credit terms of the sales, I assumed all the sales were more not past due.

2. Should the total of your accounts receivable schedule agree with the balance of the Accounts Receivable account in the general ledger at January 31, 2019?

Of course, the balance of the accounts receivable control account should equal the total balance of the accounts receivable schedule. Even if some accounts are written off (bad debt), both the accounts receivable schedule and the general ledger accounts receivable should show that write off.

Explanation:

Answer:

the total work W =  29.05 kJ

the change in total internal energy is [tex]\mathbf{\Delta U = - 27.19 \ kJ}[/tex]

the  total heat transferred in [kJ] is  Q = 1.860 kJ

Explanation:

Given that

mass of carbon dioxide in the closed system = 1 kg

Temperature [tex]T_1= 30 ^0 C[/tex] = (273+30 ) K = 303 K

Pressure [tex]P_1 = \ 200 \ kPa[/tex]

Pressure [tex]P_2 = 100 \ kPa[/tex]

polytropic expansion n = 1.27

Note that we are also given the following data set:

R = 188.9 J/kg.K

c_v = 655 J/kg.K

So; for a polytropic process ; [tex]PV^{1.27} = c[/tex]

[tex]\dfrac{T_2}{T_1}= ( \dfrac{V_1}{V_2})^{n-1} = (\dfrac{P_2}{P_1})^{\frac{n-1}{n}[/tex]

[tex]T_2 = T_1 [\dfrac{P_2}{P_1}]^{\frac{n-1}{n}[/tex]

[tex]T_2 = 303 [\dfrac{100}{200}]^{\frac{1.27-1}{1.27}[/tex]

[tex]T_2 = 261.48 \ K[/tex]

Since the system does not follow the first order of thermodynamics; To calculate the total work by using the expression:

[tex]W = \dfrac{P_1V_1-P_2V_2}{n-1} = \dfrac{mR(T_1-T_2)}{n-1}[/tex]

[tex]W = \dfrac{1*188.9(303-261.48)}{1.27-1}[/tex]

W =  29048.62222 J

W =  29.05 kJ

Thus, the total work W = 29.05 kJ

The change in internal energy can be expressed  by the formula:

[tex]\Delta U = mc_v (T_2-T_1)[/tex]

[tex]\Delta U = 1*655(261.48-303)[/tex]

[tex]\Delta U = -27195.6 \ J[/tex]

[tex]\mathbf{\Delta U = - 27.19 \ kJ}[/tex]

Hence; the change in total internal energy is [tex]\mathbf{\Delta U = - 27.19 \ kJ}[/tex]

Finally; to determine the  total heat transferred in [kJ]; we go by the expression for the first order of thermodynamics which say:

Total Heat Q = ΔU + W

Q = (-27.19 + 29.05)kJ

Q = 1.860 kJ

Hence; the  total heat transferred in [kJ] is  Q = 1.860 kJ

Answer:

Moral obligation bond

Explanation:

Moral obligation bond is defined as a revenue bond that is issued by a municipality or by some other government body.

The benefits of moral obligation bonds are tax exemption and a moral pledge that there will be no default on the bond.

Usually a reserve fund is established in case the issuing body is unable to meet its debt obligations.

In this scenario the bond is issued with a covenant that states "if revenue collections are insufficient, the state legislature has the authority, but not the obligation, to make an annual apportionment of funds necessary to meet debt service requirements."

Requirment: Prepare a Balance Sheet as at December 31, 2020.

Answer:

Current Assets:

Cash                                                                $61,140

Accounts Receivable                   60,000

less allowance for doubtful          6,000       54,000

Inventory                                                          23,300         138,440

Non-current Assets:

Land                                                                 67,200

Buildings                                       81,700

Accumulated Depreciation       28,050        53,650

Equipment                                    41,000  

Accumulated Depreciation         17,890        23,110          143,960

Total Assets                                                                     $282,400

Liabilities + Equity:

Current Liabilities:

Accounts Payable                       19,500

Interest Payable                           4,400

Dividends Payable                       5,802

Unearned Rent Revenue             1,800       31,502

Non-current Liabilities:

Bonds Payable (10%)                                     44,000           $75,502

Equity:

Common Stock ($10 par)                                38,000

Paid-in Capital in Excess of Par—Common    10,240

Preferred Stock ($20 par)                              20,000

Paid-in Capital in Excess of Par—Preferred    3,000

Retained Earnings                                         138,258

Treasury Stock                                                 (2,600)       206,898

Total Liabilities + Equity                                                  $282,400

Explanation:

a) Cullumber Corporation's Unadjusted Trial Balance as of December 31, 2020:

                                                       Debit             Credit

Cash                                            $26,100

Accounts Receivable                   60,000

Inventory                                      23,300

Land                                             67,200

Buildings                                       81,700

Equipment                                    41,000

Allowance for Doubtful Accounts                                  $470

Accumulated Depreciation—Buildings                      25,500

Accumulated Depreciation—Equipment                    14,200

Accounts Payable                                                        19,500

Interest Payable                                                         –0–

Dividends Payable                                                     –0–

Unearned Rent Revenue                                             7,200

Bonds Payable (10%)                                                  44,000

Common Stock ($10 par)                                           28,000

Paid-in Capital in Excess of Par—Common Stock      5,600

Preferred Stock ($20 par)                                           –0–

Paid-in Capital in Excess of Par—Preferred Stock     –0–

Retained Earnings                                                     65,330

Treasury Stock                          –0–

Cash Dividends                         –0–

Sales Revenue                                                       570,000

Rent Revenue                                                             –0–

Bad Debt Expense                     –0–

Interest Expense                       –0–

Cost of Goods Sold                   380,000

Depreciation Expense              –0–

Other Operating Expenses       36,900

Salaries and Wages Expense   63,600

Total                                       $779,800               $779,800

b) Cullumber Corporation's Adjusted Trial Balance as of December 31, 2020:

                                                       Debit             Credit

Cash                                             $61,140

Accounts Receivable                   60,000

Inventory                                      23,300

Land                                             67,200

Buildings                                       81,700

Equipment                                    41,000

Allowance for Doubtful Accounts                              $6,000

Accumulated Depreciation—Buildings                      28,050

Accumulated Depreciation—Equipment                    17,890

Accounts Payable                                                        19,500

Interest Payable                                                            4,400

Dividends Payable                                                        5,802

Unearned Rent Revenue                                             1,800

Bonds Payable (10%)                                                  44,000

Common Stock ($10 par)                                           38,000

Paid-in Capital in Excess of Par—Common Stock    10,240

Preferred Stock ($20 par)                                         20,000

Paid-in Capital in Excess of Par—Preferred Stock     3,000

Retained Earnings                                                     65,330

Treasury Stock                               2,600

Cash Dividends                              5,802

Sales Revenue                                                       570,000

Rent Revenue                                                            5,400

Bad Debt Expense                        5,530

Interest Expense                           4,400

Cost of Goods Sold                  380,000

Depreciation Expense                 6,240

Other Operating Expenses       36,900

Salaries and Wages Expense   63,600

Total                                       $839,412              $839,412

c) Cash Account Adjustment:

Balance as per Trial Balance $26,100

Preferred Stock                       23,000

Common Stock                       24,000

Treasury Stock                        (11,960)

Adjusted Cash balance         $61,140

d) Income Statement

Sales Revenue                                            $570,000

Cost of goods sold                                       380,000

Gross profit                                                 $190,000

Rent Revenue                                                   5,400

Total                                                            $195,400

less expenses:

Bad Debt Expense                        5,530

Interest Expense                           4,400

Depreciation Expense                  6,240

Other Operating Expenses       36,900

Salaries and Wages Expense   63,600        116,670

Net Income                                                  $78,730

Retained Earnings                                        65,330

Dividends                                                       (5802)

Retained Earnings carried forward         $138,258

Answer:

Research ethics are important for the following reasons:

1.They promote the aims of research, such as expanding knowledge.

2.They support the values required for collaborative work

3. They support important social and moral values,

Answer:

                    Esquire Comic Book Company

                               Income Statement

               For the Year Ended December 31, 2016

Operating income                                                $1,000,000

Restructuring costs                                                 ($80,000)

Income from continuing operations b/ Taxes      $920,000

Income tax expense                                              ($368,000)

Income from continuing operations                                        $552,000

Discontinued operations:

Income from discontinued operations                                     $90,000

Net income                                                                               $642,000

Explanation:

Income from discontinued operations must be reported separately, but any restructuring costs must be included as operational expenses.

Answer:

The payback period for the investment is 1.41 years

Explanation:

The payback period is the length of time it takes an investment to repay back the investment capital outlay committed to it at the inception of the project.

The payback period is computed as the initial investment divided by annual cash inflow

Initial investment is $1,200,000

Annual cash inflow  is $850,000

Payback period=$1,200,000/$850,000= 1.41   years

We can express the 0.41 in months=0.41*12=4.92  approximately 5 months

Answer:

 Predetermined overhead rate = $ 9.75 per direct labor hours

 Overhead applied = $897,000

Explanation:

Given:

Budgeted Overhead cost = $975,000

Actual Overhead cost = $950,000

Budgeted Machine hours = 50,000

Actual Machine hours = 45,000

Budgeted Direct labor hours = 100,000

Actual Direct labor hours = 92,000

Computation:

(a) Predetermined overhead rate.

Predetermined overhead rate = budgeted overhead cost / budgeted direct labor hours

 Predetermined overhead rate = $975,000 / 100,000

 Predetermined overhead rate = $ 9.75 per direct labor hours

(b) Amount of overhead applied for the year.

Overhead applied = Actual hours × Predetermined overhead rate

Overhead applied   = 92000 × $9.75

 Overhead applied = $897,000

Answer:

b. ​As you expand output, your marginal productivity eventually declines

a. decreasing average costs as production increases

a. ​lower average costs when multiple different products are produced

Explanation:

The law of diminishing marginal returns states that as more unit of variable factors of production are added to production, output would increase at first but after a period, it would increase at a negative rate.

Economies of scale is the reduction in cost thay accrue to firms as they increase production. For example, a supplier might give a firm a discount for buying in bulk.

Economies of scope states that average cost would fall as the production of similar products increases. For example, a fashion designer who makes women's clothings decides to make scarfs with the scraps of clothes left.

I hope my answer helps you

Answer:

b. The cable commercial

Explanation:

CPM or cost per mille is a measure used in advertising to determine how effectively a promotional message is getting to its audience. It is the cost of getting an advert in front of 1,000 people.

In this scenario when we calculate CPM for the radio station

$600 = 10,250 listeners

x= 1,000 listeners

Cross multiply

x= (600 * 1,000) ÷ 10,250 = $58.54

For the local cable commercial

$1000 = 18,500 viewers

y = 1,000 viewers

Cross multiply

y= (1,000 * 1,000) ÷ 18,500= $54.05

Explanation:

Looking from a fair point of view, the White owners of businesses have legitimate reasons to feel that the Act constitutes illegal reverse discrimination.

Remember, reverse discrimination implies an unfair treatment of the majority group (White owners) in an effort to please the minority group. This is evident from the fact that the 10 percent of all federal grants to be released by the Economic Development Administration was only to be used to purchase services or supplies from businesses owned and controlled by U.S. citizens belonging to one of six minority groups excluding the White business owners; making the White owners feel discriminated against.

Thus, unintentionally the Act became a reverse discrimination on White business owners.

Answer:

By answering more phone calls but providing worse service, you ARE being EFFICIENT but NOT SATISFY CUSTOMERS' NEEDS.

Explanation:

A worker's efficiency is measured by the total output per hour of labor. In this case, since you are answering more calls per hour, your efficiency is increasing (higher output per hour).

The quality of the service provided by a worker's is measured by the quality of their output (or performance), and if you satisfy your customers' needs. Since the service that you are providing is not that good, then your quality levels are decreasing.

You may be producing more services, but the services produced lack good quality.

Answer:

A)

                    Speedway Motorsports, Inc.

                 Comparative Income statement

                   For the Years 202x and 202x₋₁

                                                              202x                202x₋₁

Total revenue                                   $490,160         $506,205

Direct expenses:                                    49.63%           48.74%

General and administrative                    37.38%          47.65%

Income from continuing operations       12.99%            3.61%

B) The most significant changes are that total revenues actually decreased, but net income from operating activities actually creased both in $ amounts and as % of total revenue. Direct expenses remained at similar levels during both years, even 202x₋₁ direct expenses were lower. But the most significant cost reduction was made on general and administrative expenses which were lowered by almost 10% (compared to total revenues). Only NASCAR broadcasting related revenues increased, while all the other revenues decreased in % and absolute amounts.

Answer:

Social Security tax = $7,960.80

Medicare tax = $1,861.80

Explanation:

Let's begin by listing out the information given:

Social Security tax rate = 6.2%,

Medicare tax rate = 1.45%,

Income = $128,400

To calculate for the deductions(tax), we use the formula:

Tax = Tax rate * Income

For Social Security

Tax = Tax rate * Income

Tax = 6.2% * $128,400

T = 0.062 * $128,400

T = $7,960.80

∴ $7,960.80 of the employee's income is deducted for Social Security tax

For Medicare

Tax = Tax rate * Income

Tax = 1.45% * $128,400

T = 0.0145 * $128,400

T = $1,861.80

∴ $1,861.80 of the employee's income is deducted for Medicare tax

Answer:

2352, Yes

Explanation:

a) Incremental Cost = Direct Material cost + Direct labour cost + Filgree + Manufacturing overhead cost  

= 147 + 85 + 9 +  15 = 256

Total additional Cost = 256 x 21 = 5376

Incremental Revenue = 368

Total additional Revenue = 368 x 21 = 7728

Incremental net operating income = Total additional revenue - total additional cost

= 7728 - 5376 = 2352

b) As Incremental net operating income is positive, company is earning from the special order. Yes, it should accept it

The relevant costs for a decision to accept the special order are  :

1. Incremental Revenue from the special order  

2. incremental variable cost

3. The cost of the special tool

The balance of manufacturing overhead would be incurred either way. Therefore, they are not relevant for the decision

Sales revenue from special order                                                $

(21× $368)                                                                                  7728

The Variable cost of special order                                                $

(21× $256)                                                                                    (5376 )

Financial advantage                                                                     2358

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Answer:

The amount of interest expense recognized by Jones in the current fiscal year is $361.675

Explanation:

According to the given data Jones Inc. issued an $62,900, 9%, 120-day note payable to Miller Company On July 8, therefore if the the fiscal year of Jones ends on July 31 there 23 days between July 8 and July 31.

So, to calculate the amount of interest expense recognized by Jones in the current fiscal year we would have to make the following calculation:

Interest expense=$62,900*9%*(23/360)

Interest expense=$361.675

The amount of interest expense recognized by Jones in the current fiscal year is $361.675

Answer:

$48.50

Explanation:

Harlow Corporation

First step is to calculate for Variable cost per unit:

Variable cost per unit =

$270,000 ÷ 20,000 units

= $13.50 per unit

Second step is to calculate for the cost function

Cost function :

Y = $630,000 + $13.50X

Y= $630,000 + $13.50(18,000)

Y=$630,000+$243,000

Y = $873,000

Therefore:

Total cost / number of units = total cost per unit$

Total cost =$873,000

Number of units= 18,000

$873,000 ÷ 18,000

= $48.50

Therefore the total cost per unit is $48.50

Answer:

A push-pull strategy

Explanation:

The Push strategy is an aspect of marketing where the marketer aims at taking his products directly to a target audience. This is done so as to stimulate the interest of the consumer in that particular product. Developing brands tend to employ this strategy to showcase themselves to the consumer in hopes of getting them attracted to their products. This is the strategy which the up-and-coming design firm is trying to employ when they seek to identify important events where celebrities might wear the fashions. They engage in this activity because they want to showcase their designs to the target audience- the celebrities.

Pull strategy is the opposite of this strategy as customers are now aware of the reputation of the brand and then seek them out on their own.

Answer:

$40.79 per share and $52.90 per share

Explanation:

Cost of Debt (Kd) = Wd * Rd (1 - T)

Cost of Debt for Vandell Corporation is $7.30 * (1 - 0.40) = 4.38%

Cost of Equity (Ke) = Rf + [tex]\beta[/tex] * Rp

Cost of Equity for Vandell Corporation is 6 + 1.10 * 7 = 13.70%

Weighted Average Cost of Capital (WACC) = Wd * Kd + We * Ke

Cash Flow of Firm = $2.5m + $3.2m + $3.5m + $3.57m = $12.77

Weight of Equity = $8.94

WACC = 30% * 4.38% + 70% * 13.70% = 10.9%

CashFlows after discounting synergy will be = $40.79

Answer:

Cost of equity is 11.2%

WACC is 8.74%

Explanation:

The formula for cost of equity is given below:

Cost of equity=risk free rate+(Beta *risk premium)

risk free rate is the treasury bill rate of 4%

Beta is 0.9

market risk premium is 8%

cost of equity=4%+(0.9*8%)=11.2%

WACC=Ke*E/V+Kd*D/V*(1-t)

Ke is the cost of equity of 11.2%

Kd is the cost of debt of 5%

t is the tax rate of 40% or 0.4

E is the equity weighting of 70% or 0.7

D is the debt weighting of 30% or 0.3

V is the E+D=0.7+0.3=1

WACC=11.20% *0.7/1+(5%*0.3/1*(1-0.4)

WACC=7.84% +0.90% =8.74%

Answer:

A.$1,350,000

B.$ 200,000

Explanation:

Selma

a.

Selma's accrual basis gross receipts for 2015 will be ;

Amount of Cash received by Selma $1,400,000

Less:

Accounts receivable collected (200,000)

Bank loan proceed(100,000)

Add: Ending accounts receivable 250,000

Gross receipts $1,350,000

b.Selma's gross income from merchandise sales for 2015 will be :

Gross receipts brought forward(A) $1,350,000

Cost of goods sold:

Selma Purchases$1,300,000

Inventory at the beginning 150,000

Ending inventory(300,000)

Gross income$ 200,000

(1,350,000-1,150,000)

(1,300,000+150,000-300,000)

=1,150,000

Answer:

$2,907

Explanation:

the formulas to calculate costs using the high-low method are:

variable cost = ($6,460 - $5,559) / (2,090 - 1,560) = $901 / 530 units = $1.70 per unit

fixed costs = $6,460 - ($1.70 x 2,090) = $6,460 - $3,553 = $2,907

Answer:

I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market

I only

Explanation:

When a purchaser of insurance wants to make a purchase he analyses the market to get a favourable condition that reduces risk and loss.

The market condition can be a soft market or hard market.

Soft market is one in which potential sellers are more than potential buyers. So supply exceeds demand. Buyers are able to buy affordable insurance.

Hard market on the other hand is when there is an upswing in market cycle. Premiums increase and capacity for insurance decreases.

It is more difficult to get affordable insurance in this market