When the value of a currency A reduces as a result of an increase in the value of another currency B, then currency A would be said to have Select one O a, Arranged b. Depreciated OC Devalued O d. Denominated​

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Answer 1

the answer is not here the answer is deficit but I will pick depreciated


Related Questions

MC Qu. 59 A company's flexible budget for... A company's flexible budget for 16,000 units of production showed sales, $96,000; variable costs, $56,000; and fixed costs, $20,000. The sales expected if the company produces and sells 20,000 units is (Do not round intermediate calculations):

Answers

Answer: $120,000

Explanation:

First find the selling price of the units.

= Sales / Number of units produced

= 96,000 / 16,000

= $6 per unit

If 20,000 units are sold, the sales would be:

= Number of units sold * selling price

= 20,000 * 6

= $120,000

You discover that many consumers want easy access to pens in their cars, so you decide to produce a steering wheel that has a pen tucked inside that can conveniently pop out whenever someone needs it. The steering wheels become very popular with car companies. Developing this product is an example of what

Answers

Answer: c. Allocative efficiency

Explanation:

When an economy is experiencing allocative efficiency, it means that goods in the economy are being produced according to consumer preferences. This means that if consumers want a certain good in a certain quantity, the economy will produce that good in that quantity.

This is the case here. You saw that consumers wanted a good and you went ahead and produced it therefore giving consumers what they wanted.

Respond to the following in a minimum of 175 words:
• What could researchers do differently to make sure that psychological studies
better represent you and the entire population?
• What do you consider to be the key traits and characteristics of your
personality? Would Jung describe your attitude as more introverted or
extraverted? What combinations of behavior patterns are unique to you?

Answers

Explanation:

A ball is thrown straight up from a rooftop 320 feet high. The formula below describes the ball's height above the ground, h, in feet, t seconds after it was thrown. The ball misses the rooftop on its way down and eventually strikes the ground. How long will it take for the ball to hit the ground? Use this information to provide tick marks with appropriate numbers along the horizontal axis in the figure shown.

h=-16t^2+16t+320

Profit Center Responsibility Reporting for a Service Company
Thomas Railroad Company organizes its three divisions, the North (N), South (S), and West (W) regions, as profit centers. The chief executive officer (CEO) evaluates divisional performance, using income from operations as a percent of revenues. The following quarterly income and expense accounts were provided from the trial balance as of December 31:
Revenues—N Region $1,039,000
Revenues—S Region 1,281,400
Revenues—W Region 2,205,700
Operating Expenses—N Region 658,400
Operating Expenses—S Region 762,600
Operating Expenses—W Region 1,333,900
Corporate Expenses—Dispatching 518,400
Corporate Expenses—Equipment Management 259,700
Corporate Expenses—Treasurer’s 158,000
General Corporate Officers’ Salaries 349,000
The company operates three service departments: the Dispatching Department, the Equipment Management Department, and the Treasurer’s Department. The Dispatching Department manages the scheduling and releasing of completed trains. The Equipment Management Department manages the railroad cars inventories. It makes sure the right freight cars are at the right place at the right time. The Treasurer’s Department conducts a variety of services for the company as a whole. The following additional information has been gathered:
North South West
Number of scheduled trains 5,400 6,500 9,700
Number of railroad cars in inventory 1,200 2,000 1,700

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Question Completion:

1. Prepare quarterly income statements showing income from operations for the three regions. Use three column headings: North, South, and West. Do not round your interim calculations Thomas Railroad Company Divisional Income Statements For the Quarter Ended December 3:1 North South West Revenues Operating expenses Income from operations before service department charges Service department charges: Dispatching Equipment Management Total service department charges Income from operations

2. What is the profit margin of each division? Round to one decimal place Region North Region South Region West Region Identify the most successful region according to the profit margin Profit Margin 0%6

3. What would you include in a recommendation to the CEO for a better method for evaluating the performance of the divisions?

a. The method used to evaluate the performance of the divisions should be reevaluated

b. A better divisional performance measure would be the rate of return on investment (income from operations divided by divisional assets).

c. A better divisional performance measure would be the residual income (income from operations less a minimal return on divisional assets).

d. None of these choices would be Included

e. All of these choices (a, b & c) would be included.

Answer:

Thomas Railroad Company

1. Thomas Railroad Company

Divisional Income Statements

For the Quarter Ended December 3:

Divisions                          North (N)       South (S)         West (W)

Revenues                     $1,039,000    $1,281,400    $2,205,700

Operating expenses        658,400       762,600        1,333,900

Income from operations

before service

department charges     $380,600      $518,800        $871,800

Service department charges:

Dispatching                     $63,600      $106,000         $90,100

Equipment management 39,500          47,550           70,950

Total service

department charges     $103,100      $153,548       $161,050

Income from operations 277,500    $365,252       $710,750

2. Profit margin ratio      26.7%           28.5%             32.2%

West's performance is above all the rest, with a profit margin of 32.2%.

3. e. All of these choices (a, b & c) would be included.

Explanation:

Divisions                      North (N)       South (S)         West (W)

Revenues                $1,039,000    $1,281,400    $2,205,700

Operating expenses   658,400       762,600        1,333,900

Corporate Expenses—Equipment Management 259,700

Corporate Expenses—Treasurer’s 158,000

General Corporate Officers’ Salaries 349,000

Additional data:

Divisions                                           North (N)   South (S)     West (W)  Total

Number of scheduled trains              5,400        6,500         9,700   21,600

Number of railroad cars in inventory 1,200        2,000          1,700    4,900

Corporate Expenses—Equipment Management 259,700/4,900 = $53

Corporate Expenses—Treasurer’s 158,000/21,600 = $7.315

                                               North (N)   South (S)     West (W)  Total

Service departments costs:  

Dispatching                           $63,600   $106,000    $90,100  $259,700

Equipment management       39,500       47,550      70,950     158,000

General Corporate Officers’ Salaries 349,000

Fixed expenses are $17,000 per month. The company is currently selling 800 units per month. The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $5 per unit. In exchange, the sales staff would accept a decrease in their salaries of $6,000 per month. (This is the company's savings for the entire sales staff.) The marketing manager predicts that introducing this sales incentive would increase monthly sales by 200 units. What should be the overall effect on the company's monthly net operating income of this change?

Answers

Answer:

There is a cost-saving of $1,000 per month as a result of the change.  This cost-saving increases the monthly net operating income by $1,000.

Explanation:

a) Data and Calculations:

Fixed monthly expenses = $17,000

Current sales units per month = 800

Proposed sales commission per unit = $5

Decrease in salaries per month = $6,000

Increase in sales units per month = 200

                                                 Change

                                            Before       After      Difference

Fixed monthly expenses   $17,000   $11,000      $6,000

Variable cost per month               0     5,000       -5,000

Total cost per month         $17,000  $16,000      $1,000

Sales units per month              800      1,000           200 units

b) The effect on the company's monthly net operating income is a reduction in the total cost per month by $1,000.  There is also an increase in the units sold per month by 200 units.  If the selling price is determined, the net operating income will also increase by the product of the contribution margin per unit and 200.

K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $50,000 of personal cash to the partnership. Rosen owns land worth $15,000 and a small building worth $80,000, which she transfers to the partnership. Toso transfers to the partnership cash of $9,000, accounts receivable of $32,000 and equipment worth $39,000. The partnership expects to collect $29,000 of the accounts receivable.
Account Titles and Explanation: Debit Credit
(To record invstment of Decker)
(To record investment of Rosen)
(To record investment of Toso.)
What amount would be reported as total owners?

Answers

Answer:

the total owners amount should be $222,000

Explanation:

The computation of the amount that should be reported as the total owners is given below:

= K decker + rosen + tosa

= $50,000 + $80,000 + $15,000 + $9,000 + $32,000 + $39,000 - ($32,000 - $29,000)

= $50,000 + $95,000 + $77,000

= $222,000

Hence, the total owners amount should be $222,000

Payback comparisons Colorado Cleaning has a 5-year maximum acceptable payback period. The firm is considering the purchase of a new washing machine and must choose between two alternative ones. The first machine requires an initial investment of $25,000 and generates annual after-tax cash inflows of $6,500 for each of the next 8 years. The second machine requires an initial investment of $75,000 and provides an annual cash inflow after taxes of $9,500 for 15 years.
a. Determine the payback period for each machine.
b. Comment on the acceptability of the machines, assuming that they are independent projects.
c. Which machine should the firm accept? Why?
d. Do the machines in this problem illustrate any of the weaknesses of using payback? Discuss.

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Answer:

determine The pay back period for eachmachine

A sporting equipment store expects to purchase $8,200 of ski boots in October. The store had $2,800 of ski boots in merchandise inventory at the beginning of October, and expects to have $1,800 of ski boots in merchandise inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October?
a) $7,000.
b) $9,000.
c) $8,000.
d) $12,000.
e) $11,000.

Answers

Answer:

$9,200

Explanation:

Calculation to determine the budgeted cost of goods sold for October

Using this formula

Budgeted cost of goods sold for October =Cost of ski boots + Inventory at the beginning - Inventory at the end

Let plug in the formula

Budgeted cost of goods sold for October = $2800 + $8200 - $1800

Budgeted cost of goods sold for October= $9200

Therefore the budgeted cost of goods sold for October is $9,200

Davidson was recently promoted to the position of Manager of the IT Department of his company. Because of Davidson's lack of prior experience in a management role, the management of the company appointed a consultant to help Davidson improve his interpersonal skills and to provide effective decision-making strategies that Davidson could use to resolve conflicts within his team. In this scenario, Davidson's consultant can be best described as an:_________
a. expatriate
b. arbitrator
c. leadership coach
d. boomerang employee

Answers

Answer:

c. leadership coach

Explanation:

It is correct to say that in this scenario, Davidson's consultant can best be described as a leadership coach, who is a professional hired by a company to help managers develop their skills in order to exercise effective leadership in the company.

A leadership coach will help to improve a manager's abilities to know how to communicate assertively, to motivate, train and help his subordinates so that organizational goals and objectives are achieved as planned and so that there is an organizational culture based on cooperation, productivity and development.

A project is expected to generate annual revenues of $132,100, with variable costs of $80,200, and fixed costs of $20,700. The annual depreciation is $4,750 and the tax rate is 35 percent. What is the annual operating cash flow

Answers

Answer:

$21,943

Explanation:

Calculation to determine the annual operating cash flow

Using this formula

Operating Cash Flow =(Annual Revenue-Variable costs - Fixed costs)×(1-Tax rate)+( Annual depreciation×Tax rate )

Let plug in the formula

Operating Cash Flow =[ ($132,100 - $80,200 - $20,700) x (1 - 0.35)]+ ($4,750 x 0.35)

Operating Cash Flow =

Operating Cash Flow =($31,200×0.65)+$1,663

Operating Cash Flow =$20,280+$1,663

Operating Cash Flow =$21,943

Therefore the annual operating cash flow is $21,943

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $136,400 and expected direct labor hours of 12,400 for the current fiscal year. If Job 117 incurs 1,110 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for a.$12,210 b.$136,400 c.$68,200 d.$1,110

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Aspen Integrated Marketing used to have a strict hierarchical structure, with information given only to those who required it. The new chief executive officer, however, set up a flat organizational structure that eliminates barriers to information flow. Information that was previously available to managers alone is now given to employees as well. He also assigned mentors to new employees to help them in their jobs and enable them to perform better. At Aspen Integrated Marketing, information that was previously available to managers alone is now given to workers as well. This is an example of

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Answer:

open-book management or it can also be called a boundaryless organization.

Explanation:

Open-book management

This is simply the act of sharing with employees at all levels of an organization some vital information that is somehow or previously meant for too management staff only. It also involves opening a company's financial statements to all employees and giving them the education that will enable them to understand how the company makes money and how their actions affect its success and bottom line.

Boundaryless organization

This is simply known as a form of organization structure in which there are no barriers to information flow. Boundaryless designs include barrier-free, modular and virtual organizations. An organization without barriers has permeable internal and external boundaries and requires higher level of trust and shared interests, a shift in philosophy from executive development to organizational development, greater use of teams etc.

While traditional and charismatic styles of leadership focus on ___________________________________, transformational leadership involves an emphasis on _________________________ rather than the individual. getting the job done, tasks tasks, personality vision, hardwork personalities, principles

Answers

Answer:

personality vision, hard work personalities

Explanation:

Charismatic leaders are those that make use of their language style to charm and influence others. They often have the ability to communicate with people at a deeper level of understanding. While the transformational leadership style focuses on internal motivation and positive development of followers.

The Avengers movie, produced by a subsidiary of Disney Studios, sold seven billion yuan worth of tickets in China in its first month of distribution. In terms of the National Income and Product Accounts, this represents:
A. An import of Chinese capital.
B. A demand for yuan on the foreign exchange markets
C. Lost employment for U.S. movie theaters.
D. An export of U.S. services.

Answers

Answer:

D. An export of U.S. services.

Explanation:

Since the avengers movie generated the subsidiary of Disney Studios that sold the  7 billion yuan worth tickets in china at the time of first month

so here the national income and the accounts related to the product shows the export of the united states services as the services are provided from one country to another due to this they sold 7 billion yuan tickets

Therefore the option d is correct

Cucina Corp. signed a new installment note on January 1, 2018, and deposited the proceeds of $50,000 in its bank account. The note has a three-year term, compounds 5 percent interest annually, and requires an annual installment payment on December 31. Cucina Corp. has a December 31 year-end and adjusts its accounts only at year-end. Required:

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Question Completion:

Required:

1.Use an online application, such as the loan calculator with annual payments at mycalculators.com, to generate an amortization schedule. Enter that information into an amortization schedule with the following headings: Year, Beginning Notes Payable, Interest Expense, Repaid Principal on Notes Payable, and Ending Notes Payable.

2.Prepare the journal entries on (a) January 1, 2018, and December 31 of (b) 2018, (c) 2019, and (d) 2020.

3.If Cucina Corp.’s year-end were March 31, rather than December 31, prepare the adjusting journal entry it would make for this note on March 31, 2018?

Answer:

Cucina Corp.

1. Annual Amortization Schedule  

Year   Beginning       Interest Expense    Repaid Principal   Ending Notes

       Notes Payable  on Notes Payable                                      Payable

1        $50,000.00         $2,140.23               $15,842.25         $34,157.68

2        $34,157.68         $1,329.68               $16,652.80          $17,504.84

3        $17,504.84             $477.71                $17,504.77          $0.00

2. (a) January 1, 2018

Debit Cash $50,000

Credit Installment Note Payable $50,000

To record the issuance of the installment note.

December 31 of

(b) 2018

Debit Interest Expense $2,140.23

Debit Installment Note Payable $15,842.25

Credit Cash $17,982.48

To record the first installment repayment, including interest.

(c) 2019

Debit Interest Expense $1,329.68

Debit Installment Note Payable $16,652.80

Credit Cash $17,982.48

To record the second installment repayment, including interest.

(d) 2020

Debit Interest Expense $477.71

Debit Installment Note Payable $17,504.77

Credit Cash $17,982.48

To record the third and final installment repayment, including interest.

3. (b) 2018

Debit Interest Expense $625

Credit Interest Payable $625

To accrue interest expense for the year ($50,000 * 5% * 3/12)

Explanation:

a) Data and Calculations:

Installment note payable obtained on January 1, 2018 = $50,000

Period of note payable = 3 years

Interest rate = 5% compounded annually

Annual interest payment = December 31

Break-Even Sales and Sales to Realize Income from Operations
For the current year ended October 31, Yentling Company expects fixed costs of $14,000,000, a unit variable cost of $200, and a unit selling price of $300.
a. Compute the anticipated break-even sales (units).
units
b. Compute the sales (units) required to realize income from operations of $1,400,000.
units

Answers

Answer and Explanation:

The computation is shown below:

a.

Contribution per unit

= Selling price per unit - Variable costs per unit

= $300 - $200

= $100 per unit

Now  

Break even point (units)

= Fixed costs ÷ Contribution margin per unit

= $14,000,000 ÷ $100

= 140,000 units

And,

b)

Sales units required for a target profit of $1,400,000

So,

= (Fixed costs + Target profits) ÷ Contribution margin per unit

= ($14,000,000 + $1,400,000) ÷ $100

= 154,000 units

MC Qu. 47 Chang Industries has... Chang Industries has 2,800 defective units of product that have already cost $14.80 each to produce. A salvage company will purchase the defective units as they are for $5.80 each. Chang's production manager reports that the defects can be corrected for $5.20 per unit, enabling them to be sold at their regular market price of $22.60. The incremental income or loss on reworking the units is:

Answers

Answer:

$32,480

Explanation:

Calculation to determine what The incremental income or loss on reworking the units is:

First step is calculate the Net benefit per unit to rework

Incremental revenue from reworking $16.80

($22.60 - $5.80)

Less Incremental cost to rework ($5.20)

Net benefit per unit to rework $11.60

Now let calculate the Incremental income from reworking

Incremental income from reworking= ($11.60 * 2,800 units)

Incremental income from reworking=$32,480

Therefore The incremental income or loss on reworking the units is:$32,480

Wood used in the production of furniture. select a type of costs 2. Fuel used in delivery trucks. select a type of costs 3. Straight-line depreciation on factory building. select a type of costs 4. Screws used in the production of furniture. select a type of costs 5. Sales staff salaries. select a type of costs 6. Sales commissions. select a type of costs 7. Property taxes. select a type of costs 8. Insurance on buildings. select a type of costs 9. Hourly wages of fur

Answers

Answer:

Variable costs change with the volume of production.

Fixed costs remain constant for a certain level of production.

Mixed costs have an element of both in that they are constant but will change if a certain level of production is passed.

1. Wood used in production of furniture ⇒ Variable cost

2. Fuel used in delivery trucks  ⇒ Variable cost

3. Straight-line depreciation on factory building  ⇒ Fixed cost

4.Screws used in production of furniture ⇒ Variable cost

5. Sales staff salaries ⇒ Fixed cost

6. Sales commissions ⇒ Variable cost

7. Property taxes ⇒ Fixed cost

8. Insurance on buildings ⇒ Fixed cost

9. Hourly wages of furniture craftsmen ⇒ Variable cost

All of the following are anticipated effects of a proposed project. Which of these should be considered when computing the cash flow for the final year of the project? Operating cash flow and salvage values only Salvage values and net working capital recovery only Operating cash flow, net working capital recovery, salvage values Net working capital recovery and operating cash flow only Operating cash flow only

Answers

Answer: Operating cash flow, net working capital recovery, salvage values

Explanation:

The anticipated effects of a proposed project that should be considered when computing the cash flow for the final year of the project include the operating cash flow, net working capital recovery, and the salvage values.

It should be noted that the operating cash flows which consist of the net income and the non cash expenses with the salvage value and the redemption of working capital are all included during the computation of the cash flow for the final year of the project.

Wesley lives in a country with little protection under the law for conducting business or bringing his ideas about a revolutionary new car tire to the market with patent production. Because of the economic conditions what will Wesley most likely do

Answers

Answer:

B. Find a country where he can develop his tire idea and have it protected under strong patent laws.

Explanation:

Wesley is looking in a country that offers little protection for the business of bringing newer ideas to market. Due to the poor economic conditions of the nation, Wesley should try and look for another country that can support his ideas and provide him protection.

Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct labor requirement per unit is 0.40 hours. Labor is paid at the rate of $20 per hour. The total cost of direct labor budgeted for the month of August is: Multiple Choice $78,400. $4,000. $80,000. $3,920. $158,400.

Answers

Answer: $80,000

Explanation:

There are 10,000 units budgeted for August.

The number of hours it takes to complete a single unit is 0.40 hours.

Each hour is going to cost $20.

Budgeted direct labor for August is:

= Units budgeted * Number of hours required per unit * Cost of labor

= 10,000 * 0.40 * 20

= $80,000

Music class is often seen as a fun extracurricular activity. Generally, individuals that study music achieve more exceptional scores in subjects such as math and language arts. However, music programs in schools are often underfunded or are given less attention than the typical academic subjects. Which of the following is an underlying assumption of the argument above?

a. Music needs to be introduced at an early age for the benefits to be fully realized.
b. Learning to play an instrument can be fun but expensive.
c. Individuals who study music tend to be more intelligent.

Answers

Answer: c. Individuals who study music tend to be more intelligent.

Explanation:

The underlying assumption of the argument above is that the individuals who study music tend to be more intelligent.

This can be infered in the statement that "Generally, individuals that study music achieve more exceptional scores in subjects such as math and language arts". In this case, a connection was emphasized between academics and music.

American Corp. is currently an all-equity firm that has 22,000 shares of stock outstanding with a market price of $27 a share. The current cost of equity is 12 percent and the tax rate is 35 percent. The firm is considering adding $225,000 of debt with a coupon rate of 6.25 percent to its capital structure. The debt will sell at par. What will be the levered value of the equity

Answers

Answer: $447,750

Explanation:

The value of a levered firm is calculated as:

= (Number of shares outstanding * Market price) + (Debt * tax rate)

= (22,000 * 27) + (225,000 * 35%)

= $672,750

Equity = Value of levered firm - Debt

= 672,750 - 225,000

= $447,750

In 4-6 sentences, discuss how understanding the concept of price elasticity of demand is useful for a business owner/firm operating in any market structure. Copying the definition or restating the definition of elasticity will result in loss of points. (What does price elasticity of demand tell the firm in terms

Answers

Answer:

The concept of price elasticity is important to a firm because it would help a firm determine how to change prices in order to increase total revenue

For example, if a firm has an elastic demand, if price is increased, the quantity demanded would fall. The fall in demand would be greater than the increase in price. As a result, total revenue would fall. If price is reduced, the quantity demanded would increase.. the increase in demand would be greater than the reduction in price. Total revenue would increase

If on the other hand, demand is inelastic, if price is increased, total revenue increases. If price is reduced, total revenue reduces

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

Hernandez Company had the following transactions during 2020, its first year in business:
January 2 Issued 42,000 shares of $15 par common stock for $36 per share.
April 3 Issued 8,000 shares of $70 par preferred stock for $97 per share.
October 6 Purchased 2,000 shares of treasury stock for $29 per share.
December 9 Reissued 110 shares of treasury stock for $35 per share.

Answers

Question Completion:

Prepare Journal Entries.

Answer:

Hernandez Company

Journal Entries:

January 2 Debit Cash $1,512,000

Credit Common stock $630,000

Credit Additional Paid-in Capital-Common stock $882,000

To record the issuance of 42,000 shares of $15 par common stock for $36 per share.

April 3 Debit Cash $ 776,000

Credit Preferred stock $560,000

Credit Additional Paid-in Capital-Preferred stock $216,000

To record the issuance of 8,000 shares of $70 par preferred stock for $97 per share.

October 6 Debit Treasury Stock $30,000

Debit Additional Paid-in Capital-Common stock $28,000

Credit Cash $58,000

To record the repurchase of 2,000 shares of treasury stock for $29 per share.

December 9 Debit Cash $3,850

Credit Treasury stock $1,650

Credit Additional Paid-in Capital-Common stock $2,200

To record the reissuance of 110 shares of treasury stock for $35 per share.

Explanation:

a) Data and Analysis:

January 2 Cash $1,512,000 Common stock $630,000 Additional Paid-in Capital-Common stock $882,000

issuance of 42,000 shares of $15 par common stock for $36 per share.

April 3 Cash $ 776,000 Preferred stock $560,000 Additional Paid-in Capital-Preferred stock $216,000

issuance of 8,000 shares of $70 par preferred stock for $97 per share.

October 6 Treasury Stock $30,000 Additional Paid-in Capital-Common stock $28,000 Cash $58,000

repurchase of 2,000 shares of treasury stock for $29 per share.

December 9 Cash $3,850 Treasury stock $1,650 Additional Paid-in Capital-Common stock $2,200

re-issue of 110 shares of treasury stock for $35 per share.

Cunningham Industries reported actual sales of $2,000,000, and fixed costs of $510,000. The contribution margin ratio is 30%.
Compute the margin of safety in dollars and the margin of safety ratio.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Actual sales= $2,000,000

Fixed costs= $510,000

Contribution margin ratio= 0.3

First, we need to calculate the break-even point in sales dollars:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)=  510,000 / 0.3

Break-even point (dollars)=  $1,700,000

Now, the margin of safety:

Margin of safety= (current sales level - break-even point)

Margin of safety= 2,000,000 - 1,700,000

Margin of safety= $300,000

Finally, the margin of safety ratio:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= 300,000 / 2,000,000

Margin of safety ratio= 0.15 = 15%

Required information
[The following information applies to the questions displayed below.]
Hudson Co. reports the contribution margin income statement for 2019.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2019
Sales (9,600 units at $225 each) $ 2,160,000
Variable costs (9,600 units at $180 each) 1,728,000
Contribution margin 432,000
Fixed costs 324,000
Pretax income $ 108,000
1. Assume Hudson Co. has a target pretax income of $162,000 for 2020. What amount of sales in dollars) is needed to produce this target income?
2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)
1. Amount of sales
2. Margin of safety
1. Compute Hudson Co.'s contribution margin per unit.
2. Compute Hudson Co.'s contribution margin ratio.
3. Compute Hudson Co.'s break-even point in units.
4. Compute Hudson Co.'s break-even point in sales dollars. per unit
1. Contribution margin
2. Contribution margin ratio
3. Break-even point
4. Break-even sales dollars units
The marketing manager believes that increasing advertising costs by $81,000 in 2020 will increase the company's sales volume to 11,000 units. Prepare a forecasted contribution margin income statement for 2020 assuming the company incurs the additional advertising costs. HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fixed costs Income (pretaxy Loss Should the company incur the additional advertising costs?

Answers

Answer:

Hudson Co.

1. Amount of sales dollars

= $2,430,000

2. Margin of safety (in percent)

= 33%

3-1) Contribution margin per unit = $45

2) Contribution margin ratio = 20%

3) Break-even point in units = 7,200 units

4) Break-even point in sales dollars = $1,620,000  $255

Explanation:

a) Data and Calculations:

HUDSON CO.

Contribution Margin Income Statement

For Year Ended December 31, 2019

Sales (9,600 units at $225 each)           $ 2,160,000

Variable costs (9,600 units at $180 each) 1,728,000

Contribution margin                                      432,000

Fixed costs                                                    324,000

Pretax income                                            $ 108,000

Contribution margin per unit = $45 ($432,000/9,600)

Contribution margin ratio = 20% ($45/$225 * 100)

Break-even point in units = 7,200 ($324,000/$45)

Break-even point in sales dollars = $1,620,000 ($324,000/0.20) $255

1. With target pretax income of $162,000:

Amount of sales dollars = (Fixed cost + Target profit)/Contribution margin ratio

= $2,430,000 ($324,000 + $162,000)/0.20

2. Margin of safety (in percent)

1. Amount of sales = $2,430,000

2. Margin of safety = $810,000 ($2,430,000 - $1,620,000)

Margin of safety in percentage = 33% ($810,000/$2,430,000 * 100)

Nichols Company uses the percentage of receivables method for recording bad debts expense. The month-end accounts receivable balance is $250,000 and credit sales during the month were $1,000,000. Management estimates that 4% of accounts receivable will be uncollectible. The Allowance for Doubtful Accounts has a credit balance of $2,500 before adjustment. The adjusting entry that Nichols must make includes: a. a credit to the allowance for $7,500. b. a credit to the allowance for $30,000. c. a debit to bad debt expense for $10,000. d. a debit to bad debt expense for $40,000.

Answers

Answer: a. a credit to the allowance for $7,500

Explanation:

Estimated Bad Debt = Balance on Account receivable  x bad Debt loss rate =  $250,000 x 4% = $10,000

Allowance for doubtful accounts with  a credit balance of  $2,500  

Allowance for Bad debts expense =Estimated Bad Debt -  Credit balance Allowance for doubtful accounts = $10,000 - $2,500 = $7,500

Account titles and explanation         Debit              Credit

Bad Debt Expense                         $7,500

Allowance for Doubtful Accounts                        $7,500

If you want to increase your purchasing power by investing in a bond, then: _____________

a. you must purchase that bond at a discount.
b. the nominal rate of return on that bond must be less than the inflation rate.
c. you should purchase a premium bond.
d. the nominal rate of return must equal or exceed the rate of inflation.
e. you must earn a positive real rate of return on that bond.

Answers

Answer:

b. the nominal rate of return on that bond must be less than the inflation rate

Arndt, Inc. reported the following for 2021 and 2022 ($ in millions):
2021 2022
Revenues 888 980
Expenses 760 800
Pretax accounting income (income statement) 128 180
Taxable income (tax return) 116 200
Tax rate: 25%
a. Expenses each year include $30 million from a two-year casualty insurance policy purchased in 2021 for $60 million. The cost is tax deductible in 2021.
b. Expenses include $2 million insurance premiums each year for life insurance on key executives.
c. Arndt sells one-year subscriptions to a weekly journal. Subscription sales collected and taxable in 2021 and 2022 were $33 million and $35 million, respectively. Subscriptions included in 2021 and 2022 financial reporting revenues were $25 million ($10 million collected in 2020 but not recognized as revenue until 2021) and $33 million, respectively. Hint. View this as two temporary differences-one reversing in 2021; one originating in 2021.
d. 2021 expenses included a $14 million unrealized loss from reducing investments (classified as trading securities) to fair value. The investments were sold and the loss realized in 2022.
e. During 2020, accounting income included an estimated loss of $6 million from having accrued a loss contingency. The loss was paid in 2021, at which time it is tax deductible.
f. At January 1, 2021, Arndt had a deferred tax asset of $4 million and no deferred tax liability.
Required:
1. Which of the five differences described in items a-e are temporary and which are permanent differences?
2. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for 2022.
3. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. (Amounts to be deducted should be indicated with a minus sign.

Answers

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Explanation:

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