Answer:
The capital deficiency of $33,000 will be shared between Turner and Roth in the proportion of their income and loss sharing ratio of 2:3.
Turner will need to further contribute $13,200 ($33,000 x 2/5)
Roth will contribute $19,800 ($33,000 x 3/5)
Lowe is a limited partner and will not contribute to the capital deficiency.
Explanation:
Lowe as a limited partner is a part-owner of the partnership but his liability for the firm's debts cannot exceed $32,000 being the amount that has invested in the company. As a silent partner, Lowe does not participate in the management of the company.
The Limited Partnership of Turner, Roth, and Lowe is a partnership consisting of general partner(s) like Turner and Roth, who manage the business and have unlimited personal liabilities for the debts and obligations of the Limited Partnership and Lowe as the limited partner. Whereas, Turner and Roth are in charge of the management of the company, Lowe is a silent partner.
Felipe works for an insurance agency with about 50 employees. The HR director recently sent an email requesting information on who plans to attend the company picnic in two weeks. The next morning when Felipe signs into his computer, he finds dozens of emails filling his inbox with responses to the HR director’s inquiry, and none of them are emails Felipe needed to see. What most likely caused this problem?
Answer:
C. Most people used the reply all button
Explanation:
This is a problem that can occur in companies due to misuse of e-mail functionalities. What happened in this case was that the employees who responded to the HR director's request email, used the reply button to all contacts forwarded in the director's original email, which ends up creating an email chain unnecessary and can hinder and delay the work of other employees, who need to see emails related to their role.
Therefore, the essential thing is that each employee makes use of the e-mail tool effectively, responding only to the recipient of the e-mail and avoiding sending unnecessary and private messages to contacts not interested in the professional subject addressed in the e-mail.
You bought 600 shares of stock at 24.20 each. At the end of year you received a total of $720 in dividends and your stock was worth a total of $15,678. What was your total dollar capital gain and total dollar return.
Answer:
Total dollar capital gain= 1,158
Total dollar return= $1,878
Explanation:
600 shares is bought at $24.20 each
At the end of the year $720 is received as dividend
The stock is worth a total of $15,678
The total dollar capital gain can be calculated as follows
=$15,678-600×24.20
= 15,678-14,520
= 1,158
The total dollar return can be calculated as follows
=720+15,678-600×24.20
= 16,398-14,520
= $1,878
Hence the total dollar capital gain is 1158 and the total dollar return is $1,878
Ordonez Lumber Yard has a current accounts receivable balance of $442,016. Credit sales for the year just ended were $9,358,610. What is the receivables turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Receivables turnover times What is the days’ sales in receivables? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days’ sales in receivables days How long did it take on average for credit customers to pay off their accounts during the past year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Average collection period days
Answer:
Receivables turnover= Sales/ Accounts Receivables
Receivables turnover= $9,358,610 / $442,016
Receivables turnover= 21.173 times
Days' sales in receivables= 365 days/ Receivables turnover
Days' sales in receivables= 365 days/ 21.173 times
Days' sales in receivables= 17.239 days
Average collection period= Days' sales in receivables = 17.239 days
Most all people unwittingly purchase many imported goods. It might be an interesting exercise to check your recent purchases to see how many items include a "Made in China" tag. The U.S. has long criticized Beijing’s policymakers of keeping the Yuan (Chinese currency) artificially cheap to give Chinese exports an unfair advantage in global markets. Explain how China has been able to devalue their currency, the more specific the better.
Answer:
China is a formerly communist country that has adopted several capitalistic reforms in the last decades, but all of the country's powers are still held by the communist party and its leader, in this case Xi Jinping.
In China, if you oppose the government, your life is at risk, and a very serious risk. The government does basically what it wants and there is no independent monetary authority. The central bank of China simply does what the communist party's leaders tells them to do. On the contrary, institutions like the FED of the European Central Bank are autonomous and they can act freely.
Everything in China is under government control and that includes commercial and investment banks, factories, etc. Since the government focuses on exporting goods, it will artificially keep the yuan undervalued because they simply can do it and no one can do anything about it. There is no such thing as a free currency exchange market in China.
Eaton Tool Company has fixed costs of $340,400, sells its units for $80, and has variable costs of $43 per unit. a. Compute the break-even point. b. Ms. Eaton comes up with a new plan to cut fixed costs to $270,000. However, more labor will now be required, which will increase variable costs per unit to $46. The sales price will remain at $80. What is the new break-even point? (Round your answer to the nearest whole number.)
Answer and Explanation:
The computation is shown below:
But before reaching to the final answers, first determine the contribution margin per unit which is
a. Contribution margin per unit =Sales-Variable cost
= $80 - $43
= $37 per unit
Now
Breakeven = Fixed expenses ÷ Contribution margin
= $340,400 ÷ $37
= 9,200 units
b.Contribution margin = Sales - Variable cost
= $80 - $46
= $34 per unit
Now
New Breakeven = Fixed expenses ÷ Contribution margin
= $270,000 ÷ 34
= 7,941 units
Testing a prototype of a new product is an example of a:______
A. Unit-level activity
B. Batch-level activity
C. Product-level activity
D. Organization-sustaining activity
Answer:
Option C (Product-level activity) will be the correct choice.
Explanation:
Action being taken to encourage a single component as well as practice is a product-level practice or activity. These acts shall be taken regardless of the quantities of manufacture or perhaps the quantity of operation connected with the commodity.
Examples of product-level tasks are as continues to follow:
The expense of the business analyst again for commodity. The expense of developing a product. Cost to produce the packaging of the items.The other options really aren't connected to the circumstance in question. But the above solution seems to be the correct one.
Why is it relevant that finance tends to attract large amounts of money? a. Money can be used for good or evil b. Finance attracts people from around the globe c. Financial markets are a critical components of economic success d. All of the above
Answer: c. Financial markets are a critical components of economic success
Explanation:
Economic success runs on companies and individuals being able to produce goods and services for the economy. To be able to do so they need capital to invest and most times they don't have that capital.
This is where Finance comes in. It connects people who do not have the capital but want to produce to those that have the capital but do not necessarily want to produce.
The huge amounts of money that finance attracts is channelled to those who need it. They then produce and the economy becomes successful.
Five material requisitions (MR) forms were received by the materials storeroom of the Tarjee, Inc. during the first week of September. MR101 was for $280 of direct materials for job number 1501. MR102 was for $550 of direct materials for job number 1502. MR103 was for $130 of indirect materials issued to the factory floor. MR 104 was for $420 of direct materials issued to job number 1501. MR105 was for $530 of direct materials issued to job number 1503. Prepare summary journal entries to record the issuance of these materials. (Hint: There should be a separate journal entry for direct and indirect materials.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer and Explanation:
The journal entries are shown below:
1. Work in process inventory Dr ($280 + $550 + $420 + $530) $1,780
To Raw material inventory $1,780
(Being direct material used is recorded)
For recording this work in process is debited as it increased the assets and credited the raw material as it decreased the assets
2. Manufacturing overhead Dr $130
To Raw material inventory $130
(Being indirect material used is recorded)
For recording this the manufacturing overhead account is debited and credited the raw material as it decreased the assets
Which of the following would the human resource manager be likely to handle? The multiple choice answers are in the picture
Answer:
B. A dispute between two managers about an employee's responsibilities.
Explanation:
A human resource manager performs a range of functions, some of which may even overlap or cover some functions specially meant for some departments in a company. However, functions just as staffing, recruitment and refining of job rules and responsibilities are solely effectively carried out by a human resource manager.
Therefore, given the above scenarios, a human resource manager would most likely be able to handle "a dispute between two managers about an employee's responsibilities." This is because the human resource manager is more knowledgeable as to what and what is actual required of every employee's role and responsibilities in an organization or company.
Answer:
Answer A is correct
Explanation:
Last year a small accounting firm paid each of its five clerks $25,000; two junior accountants received $60,000 each; and the firm’s owner got paid $255,000. This year the firm gave no raises to the clerks and the junior accountants, but the owner’s salary is increased to $455,000. How does this year’s raise affect the average salary for the accounting firm
Answer:
the firm's average salary increased by 40%
Explanation:
the average salary for last year = [(5 x $25,000) + (2 x $60,000) + $255,000] / 6 = $500,000 / 6 = $83,333.33
this year's average salary = [(5 x $25,000) + (2 x $60,000) + $455,000] / 6 = $700,000 / 6 = $116,666.67
this means that the average salary has increased by = [($116,666.67 - $83,333.33) / $83,333.33] x 100 = 40%
Your uncle has said that if you agree to finish college he will give you equal payments of $1,500 at the end of each year for the next nine years. If the annual interest rate stays constant at 6%, what is the value of these payments in today’s dollars? Round your answer to the nearest whole dollar.
Answer:
PV= $10,202.54
Explanation:
Giving the following information:
Cash flow= $1,500
Number of periods= 9 years
Interest rate= 6%
First, we need to calculate the future value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {1,500*[(1.06^9) - 1]} / 0.06
FV= $17,236.97
Now, the present value:
PV= FV/(1+i)^n
PV= 17,236.97/(1.06^9)
PV= $10,202.54
Individual employees have little influence over ethical expectations and behavior.a. Trueb. False
Answer:
False.
Explanation:
In Business management, it is very important, essential and necessary that the top executives or management of an organization design, develop and establish a set of ethical codes, principles, laws, rules, regulations and standards that serve as guidelines, procedures and moral compass to all the employees working in an organization. These set of rules help the employees to understand what is acceptable or allowed while working with the company, as well as understanding the difference between right and wrong behaviors in their actions and decision-making.
Hence, individual employees do not have any influence over ethical expectations and behavior because it is out of their control and are primarily being defined by the top executives or management of the company.
(Finance: An overview) There are three basic questions that are addressed by the study of finance. They are: (Select all that apply.) A. What long-term investments should the firm undertake (capital budgeting decisions)? B. How can the firm best manage its cash flows as they arise in its day-to-day operations (working capital management decisions)? C. How should the firm raise money to fund new investments (capital structure decisions)? D. Which parts of the company should receive less capital (capital rationing)?
Answer:
A. What long-term investments should the firm undertake (capital budgeting decisions)?
B. How can the firm best manage its cash flows as they arise in its day-to-day operations (working capital management decisions)?
C. How should the firm raise money to fund new investments (capital structure decisions)?
Explanation:
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
Also, financial statements are the reports of a company which provide detailed information about the company's financial position.
There are three basic questions that are addressed by the study of finance. They are;
A. What long-term investments should the firm undertake (capital budgeting decisions)?
B. How can the firm best manage its cash flows as they arise in its day-to-day operations (working capital management decisions)?
C. How should the firm raise money to fund new investments (capital structure decisions)?
Which is the first step in creating a personal plan for managing stress?
The first step in creating a personal plan for managing stress is to identify whether an individual is stressed or not.
What is stress?A state of physical or mental tension is defined as stress. It might be triggered by any occurrence or concept that makes you unhappy, angry, or nervous.
Stress is your body's natural response to a challenge or demand. Stress may be advantageous in short bursts, such as when you need to avoid danger or meet a deadline.
The first to manage the stress is to determine whether or whether you are stressed, Then Determine your source of stress.
Thirdly, figure out the source of the stressor. Lastly, Establish and implement an effective stress management approach.
Therefore, it can be concluded that stress management can be done through analyzing the stress.
Learn more about stress here:
https://brainly.com/question/2097916
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A company produces 3 products that use labor and raw material. The labor usage, raw material usage, and profit per pound produced of each product are seen below. 500 hours of labor and 300 pounds of raw material are available. If fractional pounds of each product can be produced, what is the maximum profit the company can earn (rounded to the nearest dollar)
Answer:
sea 100% la materia prima disponible
si consume el 40% lo que le queda es 60%
60% < > 40% + 57
20% < > 57
si el 20% es 57 el 100% es 57 x 5 = 285kg
Explanation:
how does worse working conditions effect labour productivity?
You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that FIN340 Company earned an EBIT of $100,000, paid taxes of $21,000, and its depreciation expense was $13,000; FIN340 Company's gross fixed assets increased by $60,000 from 2017 to 2018. The firm's current assets increased by $15,000 and spontaneous current liabilities increased by $19,000 - What is FIN340 Company's free cash flow in 2018
Answer:
FIN340 company cash flow for 2018 is $28,000
Explanation:
Firstly, we will calculate NOPART
NOPART = EBIT ( 1 - Tax rate )
= $100,000 ( 1 - 21% )
= $100,000 ( 1 - 0.21 )
= $79,000
Next to be calculated is Operating cash flow(OCF) for 2018.
OCF = NOPART + depreciation
OCF = $79,000 + $13,000
OCF = $92,000
We will also calculate investment in operating capital(IOC) for 2018.
IOC = Change in gross fixed assets + Change in net operating working capital
= $60,000 + ( $19,000 - $15,000 )
= $60,000 + $4,000
= $64,000
Therefore,
FIN340 company free cash flow(FCF) for 2018 would be ;
FCF = Operating cash flow - Investment in operating capital
FCF = $92,000 - $64,000
FCF = $28,000
The quantity theory of money holds that:______.
Answer and Explanation:
The quantity theory of money talks about money supply and price level, and their relationship with one another.
In any given economy, the quantity Theory of money states that money supply and price level are directly proportional. This is to say that when there is a change such as an increase in money supply, there would also be a proportional increase in price Ievel. Also when there is an increase in price level, there would also be a proportional increase in money supply.
What type of engineer is Leila in the following scenario?
Leila has a terrific idea for designing a toaster that butters the bread.
electrical engineer
O civil engineer
hardware engineer
manufacturing engineer
Answer:
Electrical Engineer
Explanation:
An electrical engineer creates and alters products that rely on electricity as their main power source(like a toaster), aswell as working on electrical systems like you and I have in our house.
Answer:
Electrical Engineer
Explanation:
An electrical engineer creates and alters products that rely on electricity as their main power source(like a toaster), aswell as working on electrical systems like you and I have in our house.
A higher interest rate (discount rate) would:________
A) Reduce the price of corporate bonds.
B) Reduce the price of preferred stock.
C) Reduce the price of common stock.
D) all of the above.
Answer: C) Reduce the price of common stock.
Explanation:
A Rise in interest rates would tend to contradict the economy. Because Everyone cuts back on thier spending because there is less money to spend. This results in earnings falling or dropping, next affected are stock prices. Conversely, when rates drops everyone has more money to spend and earnings tend to rise along with prices.
Andre, a commercial real estate developer, has been described as having “the gift of gab.” To which personality category does Andre likely belong? social artistic enterprising investigative realistic
Answer:
enterprising
Explanation:
As part of developing your company's marketing strategy, you are tasked with analyzing the new-product capabilities, channel strength, advertising abilities, service capabilities, marketing research abilities, and market and consumer knowledge. Which aspect of your company's capabilities are you assessing
Answer:
Marketing Skills
Explanation:
Marketing skills refer to the tact to create the market for the product or service, which involves various activities as like:
Analysing the market, analysing the customer needs, knowing the customer tendency and spending capacity, etc:
In the given instance, all the factors disclosed are related to marketing skills.
With all the factors and knowledge the company aims to gain maximum customer satisfaction and reach maximum potential customers.
Which Worker is commonly employed by the government?
A. Factory Supervisor
B. Agricultural Inspector
C. Cleaning Worker
D. Slaughterhouse Butcher
ANSWER is B: Agricultural Inspector
Answer:
B
Explanation:
Answer:
the answer is b
Explanation:
At the end of its first year, the trial balance of Ivanhoe Company shows Equipment $30,600 and zero balances in Accumulated Depreciation—Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,620. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answer:
Dr Depreciation Expense $3,620
Cr Accumulated Depreciation-Equipment $3,620
Explanation:
Based on the information given we were told that the company had zero balances in both Accumulated Depreciation -Equipment as well as the Depreciation Expense in which the Depreciation amount for the year is estimated to be $3,620 which means that the adjusting entry for depreciation at December 31 will be recorded as:
Preparation of Journal entry
Dec. 31
Dr Depreciation Expense $3,620
Cr Accumulated Depreciation-Equipment $3,620
Which of the following is shown on the indirect method statement of cash flows but not the direct method statement of cash flows? Select one: a. 10% Stock Dividend b. Dividends Paid c. Amortization of Premium on Bonds Payable d. Proceeds from Sale of Fixed Asset e. Purchase of Treasury Stock
Answer:
c. Amortization of Premium on Bonds
Explanation:
Under the indirect method statement of cash flows, net income is taken as base and then adjusted for various non cash items like depreciation and amortization etc, whereas under direct method of statement of cash flows only the cash transactions i.e. cash receipts and cash expenses are considered. Hence Since option C is only the non cash item in this question is shown on the indirect method and all the other options i.e. a,b,d and e being cash items are shown under both the methods of cash flows.
Henry Ford had a big influence in what era
Answer:
Production Era
Explanation:
Asia trippin
The Thomlin Company forecasts that total overhead for the current year will be $11,100,000 with 160,000 total machine hours. Year to date, the actual overhead is $7,950,000 and the actual machine hours are 81,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is
Answer:
Results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 11,100,000/160,000
Predetermined manufacturing overhead rate= $69.375 per machine hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 69.375*81,000
Allocated MOH= $5,619,375
Finally, we can determine the under/over allocation:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 7,950,000 - 5,619,375
Under/over applied overhead= $2,330,625 underallocated
Which career professionals are not required to have post-secondary education and instead typically learn through on-
the-job training?
Animal Caretakers and Foresters
O Sorters and Farmworkers
Soil Scientists and Conservationists
O Agricultural Inspectors and Food Technologists
Answer:
Sorters and Farmworkers.
Explanation:
Not for sure if this is the answer, BUT it most likely is.
______ is one element that allows employees to balance their work lives and family lives.
A) Flextime
B) Telecommuting
C) Stress management
D) Job involvement
E) Cognitive dissonance
The correct answer is B. Telecommuting
Explanation:
Telecommuting or telework involves working from one's home. This change of environment is often related to a higher level of satisfaction, as well as more time for the employee to spend on personal activities including spending time with family. Indeed, telecommuting increases the balance between work and family because workers do not need to spend time going to work or returning from it, and times such as breaks, lunchtime, etc. can be spent in family. According to this, this is one element that allows a higher balance between work life and family life.
A company produces 13,900 units of which 200 are spoiled units because the process, even though carefully and efficiently executed is unable to produce good units 100% of the time. Another 70 units are spoiled because machines broke down and there also were operator errors. What is the normal spoilage rate (round to two decimal places)
Answer:
In normal conditions, 1.44% of the production will be spoiled.
Explanation:
Giving the following information:
A company produces 13,900 units of which 200 are spoiled.
The normal spoilage occurs as a part of the regular operations of an efficient process.
Abnormal spoilage is the result of unusual operating problems (the 70 units).
Normal spoilage= (200/13,900)*100= 1.44%
In normal conditions, 1.44% of the production will be spoiled.
