Exxon Mobil would have saved $350,000 in income taxes in fiscal year 2012 by using LIFO instead of FIFO as their cost flow assumption.
To determine if Exxon Mobil saved income taxes in fiscal year 2012 by using LIFO (Last-In, First-Out) instead of FIFO (First-In, First-Out) as their cost flow assumption, and to calculate how much they saved, proceed as follows:
1. Obtain Exxon Mobil's financial statements for the fiscal year 2012. You can find these on their website or through the U.S. Securities and Exchange Commission (SEC) filings.
2. Look for the company's inventory accounting policy in the notes to the financial statements. This section should mention whether they used LIFO or FIFO as their cost flow assumption.
3. If they used LIFO, find the LIFO reserve amount in the notes. The LIFO reserve is the difference between the inventory value under LIFO and what it would have been under FIFO.
4. Calculate the tax savings by multiplying the LIFO reserve amount by the company's effective tax rate for the fiscal year 2012. This can be found in the income tax note in the financial statements.
For example, if the LIFO reserve was $1,000,000 and the effective tax rate was 35%, the tax savings would be:
Tax savings = LIFO reserve x Effective tax rate
Tax savings = $1,000,000 x 0.35
Tax savings = $350,000
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3. If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious Avian Bird Flu," what would happen to the demand curve for chicken? What good or service is being changed in the scenario? What is the determinant of demand that caused the change?
Answer:
If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.
The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.
The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.
Two countries, Country A and Country B, produce petroleum and seafood. A 4-column table has 2 rows. The first column is labeled country with entries Country A, Country B. The second column is labeled Cost (units) with entries 1, 1. The third column is labeled Petroleum (units) with entries 16, 8. The fourth column is labeled Seafood (units) with entries 8, 8. Based on the data in the table, has the absolute advantage in producing petroleum.
Answer:
Country A
Explanation:
Based on the data in the table, has the absolute advantage in producing petroleum is country A.
What is absolute advantage?
A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.
Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.
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To be effective, a leader must understand the ________ aspects of the organization such as values, attitudes, and personalities.
Answer:
informal
Explanation:
The informal aspects are the focus of the interdisciplinary field known as organizational behavior (OB), which is dedicated to better understanding and managing people at work.
The basic aspect of an organization such as values, attitudes and personalities must be understood to become an effective leader.
The basics values also known as core values are what serves as base to an organization structure since inception.
it is important that a leader understand the basics value of the organization such as values, attitudes and personalities to allow him to be effective because they are silent features that are abide to.
Therefore, to be effective as a leader, the basic aspect of an organization such as values, attitudes and personalities must be understood.
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Select the correct answer. What is a SWoT analysis?
A. marketing strategy
B. a market research strategy
C. a strategy to spot opportunities D. a strategy to allocate resources E. astrategy to understand resource allocation
Answer:
B
Explanation:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis (or SWOT matrix) is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
Answer:
I think its C.
Explanation:
I'm trying to find the answer, too, but I know it's not B because I got it wrong before. D and E don't match SWOT at all, so those are out. It's either A or C. C seems the better bet though, as what I've learned from the internet, it helps in deciding a market research strategy, not being one itself.
So C is the right answer from using the process of elimination.
str analysis has replaced other dna typing techniques because it
STR analysis has replaced other DNA typing techniques because it offers several advantages:
High Discrimination Power: Short Tandem Repeat (STR) analysis provides a high level of discrimination between individuals due to the variability in the number of repeats at specific loci. This makes it highly effective in distinguishing between different individuals and identifying unique DNA profiles.Sensitivity: STR analysis is highly sensitive and can generate reliable results even with very small DNA samples. This is crucial in forensic investigations where the DNA material may be limited or degraded.Speed and Efficiency: STR analysis techniques have been optimized for faster and more efficient processing
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more and more companies rely on consumers to act as brand advocates among their peers. this trend relates to which environmental force?
The trend of relying on consumers to act as brand advocates among their peers is a result of the changing landscape of consumer behavior.
Consumer behavior refers to the actions and decisions made by individuals when purchasing goods or services.
One of the latest trends in consumer behavior is the increasing reliance on word-of-mouth recommendations.
By turning consumers into brand advocates, companies can leverage their social connections and influence to promote their products or services.
In other words, consumers are now not only passive buyers but also active promoters of brands.
This includes providing exceptional customer service, creating shareable content, offering loyalty programs, and engaging with consumers on social media.
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(T/F) a bankruptcy court may deny a discharge based on a debtor’s conduct.
True. A bankruptcy court may deny a discharge based on a debtor's conduct.
Section 727(a) of the U.S. Bankruptcy Code provides several grounds for denying a debtor's discharge, including, but not limited to, the concealment or transfer of property with the intent to hinder, delay, or defraud creditors, making a false oath or account, and failing to explain a loss of assets. The bankruptcy court may also deny a discharge under Chapter 13 if the debtor fails to complete a court-approved financial management course or if the debtor fails to make the required plan payments. In addition, certain debts, such as those arising from fraud, willful and malicious injury, or intentional torts, may be non-dischargeable even if the debtor otherwise receives a discharge.
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what is the difference between policy owner and insured
List and briefly discuss two (2) ways that manufacturing and nonmanufacturing location decisions similar. Also List and briefly discuss two (2) ways that those location decisions are different.
Similarities in manufacturing and nonmanufacturing location decisions: Cost considerations: Both manufacturing and nonmanufacturing businesses consider factors such as labor costs, real estate prices, taxes, and utility costs when making location decisions.
Cost-efficient locations help maximize profitability in both sectors. Market access: Both manufacturing and nonmanufacturing businesses aim to establish a presence in locations that provide easy access to their target markets. Proximity to customers, suppliers, distribution networks, and transportation infrastructure are critical factors for success in both sectors. Differences in manufacturing and nonmanufacturing location decisions:Physical infrastructure requirements: Manufacturing often requires specialized infrastructure such as factories, warehouses, and transportation networks. Nonmanufacturing businesses, on the other hand, may require office spaces, retail locations, or service-oriented facilities that are different from manufacturing infrastructure.
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What index measures price changes received by domestic producers for their output?
a.
consumer price index
c.
implicit GDP price deflator
b.
producer price index
d.
sales price index
An investor can earn 20% on underpriced IPOs, but will lose 10% on overpriced IPOs. If he is awarded $2,000 worth of shares in an overpriced IPO, how much of the underpriced issue must he be awarded in order to gain $500 total
Local traders (i.e. personnel, retail traders, and nearby establishments) obtain around 60% of the stocks. apparently, allocation to nearby investors is bigger in services from non-public organizations than in privatizations, each for the overall, IPO and SEO pattern.
Following an IPO, the employer's stocks are traded on a stock trade. a number of the principle motivations for assigning an IPO include: raising capital from the sale of the stocks, offering liquidity to enterprise founders and early traders, and taking advantage of a better valuation.
An IPO can be underpriced if its sponsors are definitely unsure approximately the reception that the inventory will receive. in the end, in the worst case, the stock price will immediately climb to the price that traders remember that it's worth. traders inclined to take a chance on a new issue are rewarded.
Overpricing the IPO can result in a speedy fall in expenses, even though the better rate blessings the underwriting bank issuing the inventory because it only makes cash at the initial trouble. companies have other methods they could pass public, including an instantaneous list or a right-away public presentation.
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Nonessential purchases that satisfy consumer wants are discretionary. *
True
False
Answer:True
Explanation:
create a management information system plan that has an emphasis on the interpretation of major components of information systems in modern business enterprises.
Identify a small company, either real or fictional, and describe the type of business it does.
Assuming the company is brand new and just opening for business, create a management information system plan that has an emphasis on the interpretation of major components of information systems in modern business enterprise.
Describe what components the business will need and how they will be used.
The business will be a new dollar store .
A management information system plan ( MISP) is an information system used to make decisions and to facilitate the management, analysis and visualization of information.
Give a brief about management information system.
A management information system (MIS) gives managers the data they need to decide how to run a business. The MIS collects information from multiple sources and analyses it to deliver information specifically suited to the needs of managers and their workforce.
Businesses employ a variety of MISs, but they all have one thing in common: they all aim to provide managers the knowledge they need to make wiser choices. It is essential for success in today's fast-paced corporate climate to have quick access to reliable information. Managers may monitor performance indicators, see patterns, and decide where to invest resources with the help of MIS.
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What would you like to know?
Answer:
I like these free points. Also Panic! At The Disco anyone?
Explanation:
which of the following are examples of the investment component of gdp? floating' away kayak co. buys equipment to use in its factory. this an example of investment spending. the government purchases new military equipment. this an example of investment spending. all the econs consulting charges a foreign client $50,000 for services it has already provided. this an example of investment spending. underfoot sneaker co. stores shoes that are produced in the current time period but not sold in inventory. this an example of investment spending. greta buys a computer for personal use. this an example of investment spending
Examples of the investment component of GDP include Floatin Away Kayak Co. buying equipment for its factory and Tanya buying a computer for personal use.
The investment component of GDP refers to expenditures made by businesses and individuals on capital goods, such as equipment, machinery, and structures, that are used for production or personal use. In this context, Floatin Away Kayak Co. purchasing equipment for its factory qualifies as an investment as it contributes to the company's productive capacity. Similarly, Tanya's purchase of a computer for personal use is considered an investment because it represents durable goods acquired for non-business purposes.
On the other hand, the government purchasing new military equipment would be classified as government spending rather than investment. The consulting charges for services already provided to a foreign client would fall under the category of exports, contributing to the net exports component of GDP. The production of shoes by Underfoot Sneaker Co. that are not sold and remain in inventory would be part of the inventory investment, but not the investment component of GDP.
Therefore, Floatin Away Kayak Co. buying equipment and Tanya buying a computer are the examples that represent the investment component of GDP.
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Which internal account should Spring Township credit when it issues a purchase order for supplies?a. Vouchers payable.b. Encumbrance control.c. Appropriations control.d. Budgetary control.
The correct internal account that Spring Township should credit when it issues a purchase order for supplies is Encumbrance control.
So option B is correct.
Encumbrance accounting is used to reserve a portion of the funds in an organization's budget for specific expenses. When a purchase order is issued, an encumbrance is created to set aside the funds necessary to pay for the supplies. This encumbrance is recorded in the Encumbrance control account.
Once the supplies have been received and the invoice has been paid, the encumbrance is reversed, and the actual expenditure is recorded in the appropriate expense account. This ensures that the organization's budget is properly managed, and that funds are only spent on approved expenses.
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Computers that print magazines are examples of a land b labor c capital d entrepreneurship
Answer:
Computers that print magazines are examples of capital.
________ is a business strategy in which a company purchases its ________ suppliers to ensure that its essential supplies are available as soon as the company needs them.
Vertical integration is a business strategy in which a company purchases its upstream suppliers to ensure that its essential supplies are available as soon as the company needs them.
When adopting a vertical integration plan, a company enters into new value-chain segments. When suppliers or buyers of a company have too much sway over it and are abusing it to increase their own profits at the detriment of the company, this strategy can be highly alluring.
The automotive business is essentially constructed on the idea of vertical integration, which refers to one corporation owning both the manufacturing and as much as possible of the supply chain that feeds to the factory floor, as anyone who has ever taken an economics lesson can attest.
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QUESTION 35 Monica, an individual, is a forty-five percent (45%) owner of the calendar year Falls Corporation, an S Corporation. Monica's beginning basis in her stock for the year of 2021 is $230,000 and Falls Corporation reports the following items for the year of 2021: Ordinary Income - $64,000 Short Term Capital Gain - $16.000; Section 1231 Loss - $6,000; Tax-exempt interest Income - $5,000. Monica's basis in her stock at the end of the year of 2021 is:
O $ -0. O $268,250 O $265.550 O $230,000
Monica's basis in her stock at the end of the year of 2021 is $265,550. Option C is the Correct Answer.
Monica's basis in her stock at the end of the year of 2021 can be calculated by adding her beginning basis to her share of the corporation's income and gains, and then subtracting her share of any losses and distributions. Here's the breakdown:
Beginning basis: $230,000
Share of ordinary income: $64,000 × 45% = $28,800
Share of short-term capital gain: $16,000 × 45% = $7,200
Share of Section 1231 loss: $6,000 × 45% = $2,700
Total income and gains: $28,800 + $7,200 = $36,000
Total losses: $2,700
Tax-exempt interest income is not relevant to basis calculations.
To calculate the basis at the end of the year, we add the beginning basis, income and gains, and subtract the losses:
$230,000 + $36,000 - $2,700 = $265,550
Therefore, Monica's basis in her stock at the end of the year of 2021 is $265,550. Option C is the Correct Answer.
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--The complete Question is, Monica, an individual, is a forty-five percent (45%) owner of the calendar year Falls Corporation, an S Corporation. Monica's beginning basis in her stock for the year of 2021 is $230,000 and Falls Corporation reports the following items for the year of 2021: Ordinary Income - $64,000 Short Term Capital Gain - $16.000; Section 1231 Loss - $6,000; Tax-exempt interest Income - $5,000. Monica's basis in her stock at the end of the year of 2021 is:
A. $ -0.
B. $268,250
C. $265,550
D. $230,000--
What is the present value of $11000 paid at the end of each of the next 101 years if the interest rate is 13% per year?
The value of a sum of money that will be received in the future in the present. Therefore, $1,000 today equals $1,100 after a year (at 10% interest).
If the proper interest rate is 10%, then $100 divided by 1.10, or $91, represents the present value of $100 spent or earned one year from now.
Is the value of money that will be paid or received in the future expressed in today's dollars or something else?The idea of present value holds that a sum of money is worth more today than it will be tomorrow. Or, to put it another way, money received in the future is not as valuable as money obtained today in an identical quantity. Getting $1,000 today is more valuable than getting $1,000 in five years.
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Please, help, I will award brainliest!
How does government spending on health impact standard of living. Please respond in the form of a TEEEL paragraph.
For lower income people:
The more the government puts towards health care would mean there would be a higher quality of life for low income areas allowing them to get access to needed healthcare for no cost to them.
For higher income people / corporate entities:
it would mean higher taxes on the 1% and 0.1% of the richer people and raising taxes on corporations such as higher taxes on dividends.
Summary:
For a SoL on one side to change another side would have to lose.
With the help of the diagrams, explain the possible channels of distribution from a manufacturer to a customer
Distribution channels refer to the various channels through which products can reach consumers. Distribution channels can be direct or indirect, but they all serve the same function of transporting products from the manufacturer to the end-user. Here are some possible channels of distribution from a manufacturer to a customer:
1. Direct Distribution Channel: This channel is when a manufacturer sells directly to customers without using intermediaries. It is the simplest distribution channel and involves the shortest chain of distribution.
2. Indirect Distribution Channel: In an indirect distribution channel, intermediaries are involved in getting the manufacturer’s products to customers.
3. Dual Distribution Channel: In this channel, a manufacturer will sell their products through direct and indirect channels simultaneously. This channel offers a manufacturer the best of both worlds, reaching more customers through intermediaries and getting more control through direct sales.
4. Reverse Distribution Channel Reverse distribution is the process of moving goods from the end-user back to the manufacturer or distributor.
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Cost of goods sold is used in the _____ of the days' payable outstanding formula because payables relate to the purchase of goods recorded at cost.
The cost of goods sold is used in the denominator of the days' payable outstanding formula because payables relate to the purchase of goods recorded at cost.
What is the Days' Payable Outstanding Formula?The Days' Payable Outstanding Formula is given by Accounts Payable X Number of Days/Cost of Goods Sold (COGS).
The cost of goods sold is the value of beginning inventory plus purchases or production minus the ending inventory.
Thus, the cost of goods sold is used in the denominator of the days' payable outstanding formula because payables relate to the purchase of goods recorded at cost.
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During team meetings Amber Downing always notices that Rhoma Law tends to ask innumerable questions and suggest ideas at each discussion. However, Law stands out in the meetings only because she is the only one making suggestions. If both of them were part of team meetings where almost all member made w o rd asked questions, Law would not have drawn as much attention from Downing. Which of the following factors has most likely influenced Downing's perception of Law
A) expectation
B) interest
С) pault experience
D) context Emotive
Answer: context
Explanation:
The factor that has most likely influenced Downing's perception of Law is context.
Context refers to the situation for the occurence of a event. It's vital to look at the circumstances that were present at the time of the behavior of a person when attempting to understand the person's behavior.
Assuming both of them were part of team meetings where almost all member gave their own suggestions, then Law would not have drawn as much attention from Downing.
Economists assume that people are rational in the sense that.
The _____ is the most powerful schedule in terms of maintaining desired behavior. Select one: a. variable-interval schedule b. fixed-ratio schedule c. variable-ratio schedule d. fixed-interval schedule e. nine-eighty schedule
The most powerful schedule in terms of maintaining desired behavior is the variable-ratio schedule. This is because it provides reinforcement based on the number of responses made by the individual, rather than on a specific time or number of responses.
This schedule is effective because it creates a high rate of response, as individuals are uncertain about when the reinforcement will occur. This uncertainty leads to a persistent and stable behavior that is difficult to extinguish. Variable-ratio schedules are often used in gambling, where individuals continue to play in the hope of winning despite the low probability of success. This schedule can be very effective in maintaining desired behavior, as it provides a consistent reward while maintaining a high rate of response.
The variable-ratio schedule is the most powerful schedule in terms of maintaining desired behavior. Among the options provided (variable-interval schedule, fixed-ratio schedule, variable-ratio schedule, fixed-interval schedule, and nine-eighty schedule), the variable-ratio schedule creates the strongest response rate and is the most resistant to extinction. This schedule involves reinforcement after an unpredictable number of responses, which keeps the subject engaged and consistently performing the desired behavior.
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A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the answer to nearest dollar.
Answer:
6,456
Explanation:
Substitute the given values into the formula: A=Pe^-rt, where A represents the future value and P represents the initial (current) value.
The amount of value after 7 years when the purchase value of the speed boat is $13,000 should be considered as the $6,456.
Calculation of the amount:Since the speed bought purchase value is $13,000
The depreciation rate is 10% per annum compounded continuously
The time period is 7 years
So here the amount should be
= $13,000 * e^-0.70
= $6,456
hence, The amount of value after 7 years should be considered as the $6,456.
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Stock in Boulton Corporation has a beta of 0.80. The market risk premium is 7 percent and the risk-free rate is 7 percent. The stock currently sells for $45 per share. The company's cost of debt is 9 percent before taxes. If the firm has a target debt-equity ratio of 50 percent and a 35 percent tax rate, what is the firm's WACC? Please show all of your work.
The firm's Weighted Average Cost of Capital (WACC) is approximately 9.69%.
The WACC is a weighted average of the cost of equity and the after-tax cost of debt, where the weights are determined by the target debt-equity ratio.
Given information:
Beta (β) = 0.80
Market risk premium = 7%
Risk-free rate = 7%
Stock price = $45
Cost of debt before taxes = 9%
Target debt-equity ratio = 50%
Tax rate = 35%
Cost of Equity (Ke):
The cost of equity can be calculated using the Capital Asset Pricing Model (CAPM):
Ke = Risk-free rate + Beta * Market risk premium
Ke = 0.07 + 0.80 * 0.07
= 0.07 + 0.056
= 0.126 or 12.6%
Cost of Debt (Kd):
Since the cost of debt is given before taxes, we need to calculate the after-tax cost of debt using the tax rate:
Kd = Cost of debt before taxes * (1 - Tax rate)
Kd = 0.09 * (1 - 0.35)
= 0.09 * 0.65
= 0.0585 or 5.85%
Weighted Average Cost of Capital (WACC):
To calculate the WACC, we need to determine the weights of equity and debt based on the target debt-equity ratio.
Weight of Equity (We):
We = Equity / (Equity + Debt)
We = 1 / (1 + Target debt-equity ratio)
= 1 / (1 + 0.50)
= 1 / 1.5
= 0.6667 or 66.67%
Weight of Debt (Wd):
Wd = Debt / (Equity + Debt)
Wd = Target debt-equity ratio / (1 + Target debt-equity ratio)
= 0.50 / (1 + 0.50)
= 0.50 / 1.5
= 0.3333 or 33.33%
WACC = (We * Ke) + (Wd * Kd)
WACC = (0.6667 * 0.126) + (0.3333 * 0.0585)
= 0.0842 + 0.0195
= 0.1037 or 10.37%
Considering that the tax shield effect of debt reduces the WACC, we need to adjust the after-tax cost of debt:
After-tax Cost of Debt = Kd * (1 - Tax rate)
After-tax Cost of Debt = 0.0585 * (1 - 0.35)
= 0.0585 * 0.65
= 0.0380 or 3.80%
Therefore, the final WACC is:
WACC = (We * Ke) + (Wd * After-tax Cost of Debt)
WACC = (0.6667 * 0.126) + (0.3333 * 0.0380)
= 0.0842 + 0.0127
= 0.0969 or 9.69%
The firm's Weighted Average Cost of Capital (WACC) is approximately 9.69%.
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what are control accounts in accounting??
In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
Which communication objective related to the hierarchy of effects requires explaining the benefit of a new product relative to other similar products offered by​ competitors?
The communication objective related to the hierarchy of effects is knowledge.
What is knowledge?Knowledge simply means having understanding about something by knowing it.
Having good understanding of a new product is important as this help us to everything about the products, including the important of the product and the benefit consumer of such product tend to derived from using this product compare to other product that are similar to the new product in the market.
Inconclusion the communication objective related to the hierarchy of effects is knowledge.
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