A-1: If Icebreaker designates the forward contract as a cash flow hedge of a foreign currency payable, the journal entries for the import purchase and foreign currency forward contract in U.S. Dollars would be:
On December 1, 2020:
Accounts Payable 54,800
Forward Contract Payable 57,920
Cash 57,920
To record the purchase and the forward contract payable.
On December 31, 2020:
Forward Contract Payable (OCI) 3,360
OCI - Cash Flow Hedge 3,360
To record the change in the fair value of the forward contract that is designated as a cash flow hedge.
On March 1, 2021:
Forward Contract Payable (P&L) 3,360
Cash 3,360
To record the settlement of the forward contract and the payment for the import purchase.
Cost of Goods Sold for the import purchase would be recorded at the date of purchase.
A-2: There would be no impact on 2020 net income since the forward contract was entered into on December 1, 2020, and was designated as a cash flow hedge of a foreign currency payable.
Changes in fair value of the forward contract would be recorded in Other Comprehensive Income (OCI).
Until the hedge is settled, at which point the amounts in Other Comprehensive Income (OCI) would be reclassified to the income statement.
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The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?
A) 244 seats
B) 264 seats
C) 288 seats
D) None of the above
Answer:
B) 264 seats
Explanation:
'Top' is the number of seats per table.
17 tables with 4 seats will have
17 x 4 = 68 people
28 2-top tables
28 x 2 =56 seats
15, 6-top tables
15 x 6 =90 seats
5, 10-top tables.
5x10 = 50 seats
Total number of people who can seat
= 68 + 56 +90 +50
=264 seats
Which of the following is not a fixed cost? *
O monthly gym membership
car payment
O rent
O vacation/recreation/fun expenses
What is the relationship between the production of vegetables and sale?
Answer:
The relationship between the production of vegetables and sale is the main difference between sales and production is that you must produce a product before you can sell it. Sales in a business are closely correlated to the marketing or sales effort of a business, whereas production is closely related to the manufacturing process.
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God blessed youWhich sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation:
What should investors consider when planning for their retirement? Check all that apply. -the amount an employer will match for a 401(k) -the contributions an employer will make to an IRA -the ideal age to establish a particular retirement plan -the amount an investor is allowed to contribute annually -the tax laws and breaks related to different retirement plans -the amount that can be withdrawn early without getting taxed
In a 401k the employer usually matches a percentage and if you are lucky dollar for dollar, where in an IRA it is does an an extra option with a set amount of money usually 2500 or more for each IRA contribution.
Correct option is A, C, D and E.
1. The amount an employer will match for a 401(k):- you don't have to forget when you will need the money, retirement is years away, but you have to know what choices will make it worth by the time you need the money back. And it is also important to know really how much you can invest. When you have a large amount more options are available. But using a variety of investments will reduce the risk.
3. The ideal age to establish a particular retirement plan:- that will set you up for the plan you need. Below 50 or older.
4. The amount an investor is allowed to contribute annually, the federal law allows a maximum contribution for participants older than 50.
5. The tax laws and breaks related to different retirement plans:- retirement plans can often give you tax benefits in the present it depends to the one you choose. For example, the payment of the tax on the money deposited in a traditional 401 (k) plan can be delayed until the money is withdrawn from the account.
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Answer:
A,C,D,E
Explanation:
I did it and this was correct.
What must happen before significant decisions are made?
O Analyses are performed.
Customers are asked for feedback.
O Managers are consulted.
O Employees share ideas with supervisors.
Answer:
O Analyses are performed.
Explanation:
I think
JohnBoy Industries has a cash balance of $54,000, accounts payable of $134,000, inventory of $184,000, accounts receivable of $219,000, notes payable of $129,000, and accrued wages and taxes of $41,500. How much net working capital does the firm need to fund?
Answer:Net working capital = $152,500
Explanation:
Net working capital = CA– CL
Where CA= Current Assets = Cash + Inventory + Accounts Receivable
and CL= Current Liabilities= Account payable + Notes payable + accrued wages and taxes
CA=$54, 000 + $184,000 + $ 219,000 =$457,000
Current liabilities = Account payable + Notes payable + accrued wages and taxes
CL = $134,000 + $129,000 + $41,500 = $304,500
Net working capital = Current assets – Current liabilities
Net working capital = $457,000 – $304,500= $152,500
Net working capital = $152,500
Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Which of the following defines the objectives of a project?
A) something that is required or in demand
B) targets and destinations for the project
C) statements of what the project will accomplish
D) all of the activities necessary for the project
statements of what the project will accomplish
Answer: D. all of the activities necessary for the project
Explanation: boss baby approved
__________, in the context of master scheduling, is confirmed demand for products. a) a booked order b) forecasted demand c) projected ending inventory d) dependent demand inventory
A booked order, in the context of master scheduling, is confirmed demand for products. Option a is correct.
Master scheduling is a method that aids a company's sales and operations planning (S&OP) by effectively coordinating production with sales demand. It is a comprehensive, frequently complicated, and time-consuming procedure that considers all elements of the manufacturing process, including inventory levels, staff, and machinery.
A booked order, in the context of master scheduling, is confirmed demand for products. When a customer requests a product and the order is entered into the system, it becomes a booked order. This means that the customer has agreed to pay for and receive the product, and the company has agreed to manufacture and deliver it.
Master scheduling refers to the preparation and coordination of production activities to meet demand. It includes the management of inventory and resources to ensure that the necessary components and materials are available when needed. The objective of master scheduling is to develop a production plan that meets the needs of customers while optimizing production efficiency.
Thus, option a is correct.
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suppose yummy treats bakery issues common stock in exchange for a building. yummy treats bakery should record the building at
Based on the information given Yummy Treats Bakery should record the building at its market value.
What is market value?The market value of an asset is the price it would get in the marketplace. Market value is also widely used to refer to a publicly listed company's market capitalization, which is calculated by multiplying the number of outstanding shares by the current share price. The price of an asset at fair market value is the price at which both buyer and seller have reasonable knowledge of the asset and are willing and unpressured to deal. Enterprise value (EV) is a complete alternative to equity market capitalization that measures a company's overall value.
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Daniel is the vice president of an insurance company that sells workers' compensation insurance. Recently, the company has identified problems of cost control in all of its offices. Daniel formed a team composed of the sales managers of all the four regions, along with some staff members from the company's informational technology and administration departments, to study the problem and make recommendations. This team is an example of a:
Answer:
Task force
Explanation:
A task force is defined as a group or unit that exists to address a particular issue or set of issues.
They come together to formulate solutions to a problem.
In the given scenario there was problems of cost control in all of the offices.
A team was formed specifically to solve this problem so it is a task force. The make up of the team was sales managers of all the four regions, along with some staff members from the company's informational technology and administration departments.
It is not a command group as the managers do not have the same supervisor or manager.
write in brief about training
Answer:
Training is teaching, or developing in oneself or others, any skills and knowledge or fitness that relate to specific useful competencies. Training has specific goals of improving one's capability, capacity, productivity and performance.
Explanation:
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ECONOMICS!! PLEASE HELP ME!!
the last answer choice is
1.Command
2.Market
3.Mixed
Anna is 88 years old and under the court-appointed guardianship of her daughter. One day Anna receives a telephone call from a health insurance salesman and purchases a $400-a-month Medigap insurance policy. This contract is:
Answer:
c. This contract is void.
Explanation:
Since in the question it is mentioned that one day Anna received a phone call from the health insurance salesman and she purchase a $400 medigap insurance policy so the contract should be void in the eyes of law as it is not valid in terms of law plus nothing is specified for whom she purchased the policy for $400
Therefore the correct option is c.
What are four importance of a business plan
"Higher level professions require indepth knowledge, good skill, and special training." Explain this statement with examples.
Answer:
True.
Explanation:
Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.
Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .
Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.
The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience.
Higher level professions require indepth knowledge, good skill, and special training because it determines the level of results such individual will produce.
What is a profession?A profession is a Job or occupation an individual is paid to do.
A professional in a profession is someone who has been involved in several trainings regarding the profession and most time have a formal qualification in such Job.
These experiences and trainings are to deliver good results or outputs at the place of work or designation.
Therefore, Higher level professions require indepth knowledge, good skill, and special training because it determines the level of results such individual will produce.
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Your health clinic increased total sales (output) by 39 %, and decreased total costs (input) by 69%. What was your percent change in total productivity? Round to the nearest percentage point, and answer without the "%" symbol. For example, if your answer was 53.33%, enter the number 53 into the box.
We use the formula such as Percent Change = (New Value - Old Value) / Old Value * 100 to calculate the percent change in total productivity. After substituting values in the formula, we get that the percent change in total productivity is approximately -157.
If the total sales increased by 39% (output) and total costs decreased by 69% (input), we substitute these values into the formula.
Percent Change = (39 - (-69)) / (-69) * 100.
Simplifying the equation.
Percent Change = 108 / (-69) * 100.
Percent Change ≈ -156.52.
Rounding to the nearest percentage point, the percent change in total productivity is approximately -157.
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mark is giving sarah her annual review and tracy, from hr, in also in the meeting. mark accuses sarah for embezzling funds from the firm. sarah is innocent and has not stolen anything. sarah wants to file a lawsuit for defamation because the statement was said in front of a 3rd party. what is the likely outcome
In this scenario, Sarah has the right to file a lawsuit for defamation against Mark for accusing her of embezzlement in front of Tracy. Defamation is the act of making false statements that harm a person's reputation.
In this case, Mark's false accusation could harm Sarah's reputation within the company and beyond.
If Sarah decides to pursue legal action, the likely outcome would depend on the evidence presented in court. If Sarah can prove that Mark's statement was false and made with malicious intent, she may be awarded damages for harm caused to her reputation.
However, if Mark can prove that he had a reasonable basis for his accusation and did not act with malice, Sarah may not be successful in her lawsuit.
It's important to note that every case is unique, and outcomes may vary depending on the specific details and evidence presented in court.
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To interpret research data and arrive at useful recommendations, res return to the original research question and__.
To interpret research data and arrive at useful recommendations, researchers must return to the original research question and systematically analyze the data collected.
This involves organizing the data, identifying patterns, and drawing inferences relevant to the research objectives. By comparing the findings with the initial hypotheses, researchers can validate or refute their assumptions, contributing to a deeper understanding of the subject matter.
Additionally, researchers should consider the limitations of their study and acknowledge any potential biases or confounding variables. This transparency ensures that the conclusions drawn are reliable and valid. When making recommendations, researchers should not only highlight the practical implications of their findings but also suggest directions for future research. This approach can lead to new inquiries that further refine the body of knowledge.
In summary, to interpret research data effectively and provide valuable recommendations, it is crucial to return to the original research question, systematically analyze the collected data, recognize the study's limitations, and propose future research avenues. This methodology ensures that the research process is rigorous, thorough, and contributes meaningfully to the field of study.
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With quantity of output on the horizontal axis, the total fixed cost curve is U-shaped. a horizontal straight line. downward sloping.
With the quantity of output on the horizontal axis, the total fixed cost curve is a horizontal straight line.
The statement "With quantity of output on the horizontal axis, the total fixed cost curve is U-shaped. a horizontal straight line. downward sloping" is incorrect. Total fixed cost is the fixed costs of a company. It is the cost of production that does not change with the level of output, such as rent, salaries, utilities, and interest payments.
As a result, the total fixed cost curve will be a horizontal straight line, since the level of output does not affect the cost of production. Hence, the answer is a horizontal straight line.
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Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answer:
wow
Explanation:
I'm gonna type a random answer
Meg's company decided to build an additional factory in a small community. When the community started a protest because of the negative impact the factory would potentially have, Meg's company promised to prevent and pay for any negative impact to the community. It also offered to build a community park to balance out the negative impact the factory might cause. Which moral standard of social responsibility is the business observing?
Answer:
Corporate Citizen Moral Standard
Explanation:
The reason is that the company have to meet its social standards and the legal requirements which the jurisdiction imposes on it, which is Corporate Citizen Moral Standard. Furthermore, for this reason the company has promised that they will try their best to prevent any negative impact and if there are such cases then it will compensate them as well, which is their legal requirement. They also had offered to build a community park which is the requirement of their social standards.
A chain of appliance stores, APP Corporation, purchases inventory with a net price of $500,000 each day. The company purchases the inventory under the credit terms of 2/15, net 40. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP
The average accounts payable for APP Corporation is $7,500,000. The average accounts payable for APP Corporation is determined by considering the net purchases made each day and the discount period
To calculate the average accounts payable for APP Corporation, we need to consider the payment terms and the timing of payments.
APP Corporation purchases inventory with a net price of $500,000 each day. The credit terms are 2/15, net 40, which means the company can take a 2% discount if payment is made within 15 days, and the full payment is due within 40 days.
Since APP always takes the discount, it will make payments within the discount period of 15 days. Therefore, the average accounts payable will be the sum of the purchases made during the 15-day discount period.
The average accounts payable can be calculated as follows:
Average accounts payable = (Net purchases per day) * (Discount period)
= $500,000 * 15
= $7,500,000
Therefore, the average accounts payable for APP Corporation is $7,500,000.
In conclusion, the average accounts payable for APP Corporation is determined by considering the net purchases made each day and the discount period. By taking the 2% discount and paying within the discount period of 15 days, the company can effectively manage its accounts payable and optimize its cash flow.
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The CEO of peripheral company QuickDrive uses a leadership style that encourages employees to discuss management issues with the CEO and to work together to resolve those issues in a democratic manner. Which of the following statements would the CEO of QuickDrive most likely make?
A) The key to QuickDrive staying on top in a high-tech industry is not wasting time checking out what other firms do, but to act immediately on my directives.
B) In a high-tech business, it is more important to invest in technology than to invest in people.
C) The key to keeping talented employees loyal to QuickDrive is to use a participative management style and treat them with respect, value their ideas, give them the resources they need, and expect great things from them.
D) Spending a lot of money to buy out competitors for their technology is likely to backfire, because QuickDrive is a leader in technology development.
Answer:
C) The key to keeping talented employees loyal to QuickDrive is to use a participative management style and treat them with respect, value their ideas, give them the resources they need, and expect great things from them.
Explanation:
As for the statement in the question, we can see that the CEO of QuickDrive believes that the ky to success is to engange employees in an active manner.
Employees, instead of being people who only go to work and perform certain tasks, become collaborative with management, taking up the role of management often.
This lack of rigidity and free flow of ideas from top of the company to botton will likely result in a business enviroment that promotes sense of belonging, and rapid adaptation to change.
Assuming a 360-day year, when a $50,000, 90-day, 9% interest-bearing note payable matures, the total payment will be:
a. $51,125
b. $54,500
c. $1,125
d. $4,500
e. None of the above.
The total payment when the note payable matures is $51,125. So the correct answer is a. $51,125.
To calculate the total payment when a $50,000, 90-day, 9% interest-bearing note payable matures, we need to consider both the principal amount and the interest.
Step 1: Calculate the interest on the note payable.
Interest = Principal x Rate x Time
Interest = $50,000 x 0.09 x (90/360)
Interest = $50,000 x 0.09 x 0.25
Interest = $1,125
Step 2: Add the interest to the principal to get the total payment.
Total payment = Principal + Interest
Total payment = $50,000 + $1,125
Total payment = $51,125
Therefore, the total payment when the note payable matures is $51,125. So the correct answer is a. $51,125.
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6But as we shall see in Chap. 3, classical regression analysis is based on the assumption that the model used in the analysis is the correct ...
Classical regression analysis is based on the assumption that the model used in the analysis is correctly specified. This assumption is called the correctness assumption or correct specification assumption.
The accuracy assumption means that the chosen regression model accurately reflects the true relationship between the dependent and independent variables. It assumes that all relevant variables are included in the model and that the model's functional form and distribution assumptions are correct.
When the accuracy assumption is true, classical regression analysis provides unbiased and efficient estimates of regression coefficients and draws valid statistical conclusions. Researchers can make inferences about relationships between variables within a population using hypothesis testing, confidence intervals, and other statistical techniques.
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The correct question is :
Classical regression analysis is based on the assumption of the model ?
Young Guns Company, which sells tents, has provided the following information: Sales price per unit $45 Variable cost per unit $11 Fixed costs per $12,700 month What are the required sales in units for Young to break even? (Round your answer up to the nearest whole unit.) a) 227 units. b) 283 units. c) 374 units. d) 1,155 units.
Using the break-even point formula, we get that the required sales in units for Young Guns Company to break even is 374 units. The correct option is c).
The break-even point is the level of sales at which total revenue equals total costs, resulting in neither a profit nor a loss.
First, we need to calculate the contribution margin per unit, which is the sales price per unit minus the variable cost per unit. In this case, the contribution margin per unit is $34 ($45 - $11).
Next, we can use the contribution margin per unit to calculate the break-even point in units. The formula is:
Break-even point (in units) = Fixed costs ÷ Contribution margin per unit
Plugging in the numbers, we get:
Break-even point (in units) = $12,700 ÷ $34 ≈ 374
Therefore, the required sales in units for Young Guns Company to break even is 374 units, which is option c). This means that the company needs to sell at least 374 units to cover its fixed and variable costs and reach a point where it is neither making a profit nor a loss.
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What is the main difference between a market demand curve and a market demand schedule?.
A demand schedule is a desk that suggests the quantity demanded at every charge. A call for curve is a graph that shows the quantity demanded at each charge. Every so often the call for curve is likewise called a call for agenda because it is a graphical illustration of the call for scheduls.
A demand schedule is a listing that indicates the quantity demanded in any respect viable fees that might prevail in the market at a given time, whereas a call for curve is a graph that shows the quantity demanded at every and every viable charge that would succeed in the marketplace at a given time.
The individual demand curve shows the small quantity of call for for a commodity however the market call for curve shows a large volume of quantity call for made by way of the complete client within the market.
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Usa manufacturing issued 30-year, 7.2 percent semiannual bonds 6 years ago. the bonds currently sell at 101 percent of face value. what is the firm's aftertax cost of debt if the tax rate is 21 percent?
As per the bond price, the firm's after tax cost of debt if the tax rate is 21% is 3.52%
The bond in economics contains the interest payments a mandatory expense, while dividends are assumed to be optional. and here we have to know that is why interest expenses are tax deductible and dividends are not.
Here let us consider that
P refers bond price = 101% * 1,000 = $1,010
C refers bond coupon = 7.2% / 2 * 1,000 = $36
n refers number of semiannual periods = 24 * 2 = 48
Then here we will first find the semiannual yield, r, by using the bond price formula as
=> r = 3.71%
Then the yield of maturity is calculated as,
=> YTM = 3.52%.
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