Prince Corporation acquired 100 percent of Sword Company on January 1, 20X7, for $19 1,000. The trial balances for the two companies on December 31, 20X7, included the following amounts:
Prince Corporation Sword Company
Debit Credit Debit Credit

Cash $94,000 $39,000
Accounts Receivable 53,000 58,000
Inventory 188,000 108,000
Land 92,000 34,000
Buildings and Equipment 494,000 161,000
Investment in Sword
Company 217,000
Cost of Goods Sold 494,000 257,000
Depreciation Expense 24,000 14,000
Other Expenses 74,000 74,000
Dividends Declared 56,000 26,000
Accumulated Depreciation $151,000 $70,000
Accounts Payable 64,000 28,000
Mortgages Payable 189,000 141,000
Common Stock 294,000 45,000
Retained Earnings 348,000 84,000
Sales 685,000 403,000
Income from Sword
Company Prince
Corporation 55,000
$1,786,000 $1,786,000 $771,000 $771,000
Additional Information
1. On January 1, 20X7, Lime reported net assets with a book value of $150,000. A total of $20,000 of the acquisition price is applied to goodwill, which was not impaired in 20X7.
2. Lime's depreciable assets had an estimated economic life of 11 years on the date of combination. The difference between fair value and book value of tangible assets is related entirely to buildings and equipment.
3. Jersey used the equity method in accounting for its investment in Lime.
4. Detailed analysis of receivables and payables showed that Sword owed Prince $23,000 on December 31, 20x7.
Required:
Prepare all consolidating entries needed to prepare a full set of consolidated financial statements for 20x7

Answer:

The coupon rate would have been 5 percent, which means the bond would have paid out the full $15,000 over 10 years.

Explanation:

Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will  increase and the real wage will increase

Human capital investment increases demonstrate workers becoming more skilled, knowledgeable and productive; in turn this should result in higher output per worker at no change to nominal wage;

this increase should then cause real wages (i.e. the purchasing power) to also rise as workers are now producing more valuable output per hour worked; which in turn leads to both greater output as well as compensation increases due to human capital investment resulting in both increased output as well as compensation levels for workers.

Read more on nominal wage here:https://brainly.com/question/29024557

#SPJ1

In the preparation of a designing diversity training for co-workers, some important concepts that most be included in this training includes:

Diversity training refers to any program that aims to promote positive intergroup interaction, reduce prejudice and discrimination, and teach people who are different from others how to work effectively together.

Understanding Implicit Bias in this training can help individuals recognize and challenge their own biases, leading to more inclusive and equitable workplace behavior.

Understanding intersectionality can help individuals understand and acknowledge the unique challenges that different groups of people face, as well as aid in the development of more inclusive and equitable policies and practices.

Understanding microaggressions can assist individuals in recognizing when they or others are engaging in harmful behavior, as well as in creating a more inclusive and equitable work environment.

Read more about diversity training

brainly.com/question/6973724

#SPJ1

The decrease in the supply of beef has led to increased demand for the product which ahs made the people to turn to pork as a substitute. Thereby increasing the demand for pork. Tre supply curve for beef would shift downward while the supply curve for pork would shift outward.

This is the term that has to do with the number of goods and services that consumers would need that are available in the market for consumption by the producers.

The supply of beef has fallen due to the drought.

This is the need that the people would have that would cause them to want to buy more of a product or a service.

Pork can replace beef, hence the demand for pork is now increased in the market.

Read more on supply and demand here: https://brainly.com/question/4803223

#SPJ1

Answer:

Creating a Good Résumé

Dos

1. using underlined text to  denote section headings

3. listing work experience  chronologically

6. listing technical competencies

Don’ts

2. including marital status

4. using different bullet styles

5. making the résumé lengthy

Explanation:

A good resume is a document that gives a brief summary of a job applicant's personal and professional experiences, skills, and education history.  It is used in addition to a cover letter to show off your best self to potential employers. Important sections of a good resume include contact information, summary or objective, work experience, and education history.

The sensitivity of NPV to a 100-unit change in sales is -$0.20. This means that for every 100-unit increase in sales, the NPV of the project decreases by $0.20.

To calculate the sensitivity of NPV to a 100-unit change in sales, we need to calculate the NPV of the project at two different sales levels: 82,000 units and 82,100 units. The difference between the two NPV figures will tell us the sensitivity of NPV to a 100-unit change in sales.

First, let's calculate the annual cash flows for the project at 82,000 units:

Revenue = 82,000 x $43.29 = $3,548,780

Variable costs = 82,000 x $22.18 = $1,817,560

Fixed costs = $623,000

Depreciation = $1,680,000 / 5 = $336,000

Taxable income = $772,220

Taxes = $262,300 (34% x $772,220)

Net income = $509,920

Operating cash flow = $846,920 ($509,920 + $336,000)

Now, let's calculate the NPV of the project at 82,000 units:

Year 0: -$1,680,000

Year 1-5: $846,920 / (1 + 10%)^n, where n = year

NPV = -$1,680,000 + ($846,920 / 0.621) = $-423,338.18

Next, let's calculate the annual cash flows for the project at 82,100 units:

Revenue = 82,100 x $43.29 = $3,553,809

Variable costs = 82,100 x $22.18 = $1,820,758

Fixed costs = $623,000

Depreciation = $1,680,000 / 5 = $336,000

Taxable income = $772,051

Taxes = $262,514.34 (34% x $772,051)

Net income = $509,536.66

Operating cash flow = $845,536.66 ($509,536.66 + $336,000)

Now, let's calculate the NPV of the project at 82,100 units:

Year 0: -$1,680,000

Year 1-5: $845,536.66 / (1 + 10%)^n, where n = year

NPV = -$1,680,000 + ($845,536.66 / 0.621) = $-423,701.25

Finally, we can calculate the sensitivity of NPV to a 100-unit change in sales:

Sensitivity = (NPV at 82,100 units - NPV at 82,000 units) / (100 units x price per unit)

Sensitivity = ($-423,701.25 - $-423,338.18) / (100 x $43.29) = -$0.20

for more such questions on sensitivity

https://brainly.com/question/30608494

#SPJ11

Answer:

B

Explanation:

Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.

Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.

When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.

In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.

Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.

Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.

The means that would be used to help in the economy would be through stimulus spending etc

Some general approaches that have been proposed to help the economy grow more strongly:

Stimulus spending: Governments can invest in infrastructure projects and increase spending on social programs to boost demand and create jobs. This can help to stimulate economic growth and reduce unemployment.

Monetary policy: Central banks can lower interest rates to encourage borrowing and investment, and can also engage in quantitative easing to increase the money supply and stimulate economic activity.

Tax policy: Governments can implement tax cuts or credits to encourage investment and increase consumer spending. Tax incentives for businesses can also help to encourage investment and job creation.

Trade policy: Opening up trade and reducing barriers to international trade can help to increase exports and boost economic growth. Governments can also negotiate trade deals with other countries to create new opportunities for businesses and increase access to new markets.

Read more on economic growth here:https://brainly.com/question/1690575

#SPJ1

Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

Working and sleeping are the activities that most spend time on so much.

Sleeping is a sedentary mental and physical condition. Changes in consciousness largely inhibited sensory activity, decreased muscle activity, and fewer interactions with the environment are its defining characteristics.

The Old Germanic verbs for sleeping are where the term "sleep" originates. It was known by the name "SLAF" in Old and Middle High German. The word's original meaning, which was connected to the word for "flabby," was "to slap" (not hard or firm).

Learn more about Sleeping here:

https://brainly.com/question/2025380

#SPJ9

The  three possible problems that could be causing the Internet connection issue is

The internet connection may be interrupted by hardware issues on the network. This can involve broken network cables, modems, or routers. Intermittent or poor connectivity may be caused by malfunctioning or obsolete equipment.

There could be a service Disruption or outage for your local internet service provider (ISP). This can be because of upkeep, technological difficulties, or infrastructural challenges.

Internet access can be affected by problems with program settings, network arrangements, or incompatible applications. This may entail obsolete network drivers, incorrectly configured network settings, or issues with a firewall or antivirus software.

Learn more about Internet connection, here:

https://brainly.com/question/29793070

#SPJ1

Answer:

It is cheaper to produce

Explanation:

Cost of producing

Direct materials - 90000

Direct labor - 130000

Variable factory overhead - 60000

Fixed factory overhead - 60000

Total cost - 340000

Cost of buying `10000*36 = 360000

Incremental cost of buying = 360000-340000 = $20,000

It is cheaper to produce at 340000/10000 = $34 /unit

In making a decision whether to buy or manufacture , variable cost and the  avoidable costs are considered relevant for this purpose

It is true that English is a common business language because English-speaking nations produce the majority of the world's output.

The total gross domestic product (GDP) of all nations worldwide is known as the gross world product (GWP). This also equals the entire global gross domestic product because imports and exports are exactly balanced when looking at the entire world (GDP).

The World Bank estimates that the nominal GWP was about 75.59 trillion US dollars in 2013. The World Factbook published by the CIA estimates that the GWP was roughly $80.27 trillion in nominal terms and reached over 127.8 trillion international dollars in terms of purchasing power parity in 2017. (PPP).

Learn more about Gross world product, from :

brainly.com/question/13580641

#SPJ9

Your question is incomplete probably the correct question is

English is a global business language because English-speaking countries contribute the largest share of global output.

a. True

b. False

Answer:

Question mark

Explanation:

I just took the test

This is the picture for the question

Answer:

The Answer Is C Or 3

Explanation:

Overall, locating in City B and sharing a labor pool with another firm will save the firm money, as the expected wage rate is lower than if the firm were to locate in City A.

Rate is a measure of the relative speed at which something happens, or the amount of something that happens within a period of time. It is a way of comparing the speed or amount of one thing to another. For example, the rate of inflation measures the change in the cost of goods and services over a specific period of time. In other words, the rate of inflation is the percentage increase in the cost of goods and services from one period to the next.

If the firm locates in City A, the expected wage rate is 10 since there is an equal probability of high and low demand. The firm can expect to pay 10 for each worker regardless of the demand.

If the firm locates in City B and shares a labor pool with another firm, then the expected wage rate is 8. This is because if the product demand is high, then both firms will be competing for workers, driving the wage down. On the other hand, if the product demand is low, then both firms will be able to hire workers at a lower wage rate.

To learn more about Rate

https://brainly.com/question/24553900

#SPJ1

To prepare this budget, the Excel spreadsheet will have four columns, namely; income, expenditure, last year's projected income, and last year's actual income.

Income for the church will include donations from different bodies and individuals and the expenditure will include money spent on gas, maintenance of the building, and the payment of workers.

A budget is a preplanned record that is meant to track the income and expenditure of individuals and organizations.

For the church in question, the income side should state all monetary and physical valuables that it receives, whereas, the expenditure should detail the expenses made from available income. The other two columns are meant to compare progress.

Learn more about budgets here:

https://brainly.com/question/6663636

#SPJ1

Answer: 18.4%

Explanation:

The Portfolio expected return will b calculated as the multiplication of each respective return by their respective weight. This will be:

= (20% × 11) + (55% × 19) + (25% × 23)

= (0.2 × 11) + (0.55 × 19) + (0.25 × 23)

= 2.2% + 10.45% + 5.75%

= 18.4%

Answer: The answer is generally false.

Answer:

The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. On the contrary, banks generally have lower interest rates and higher fees

The credit unions have lower fees and better interests in the saving accounts. Credit unions are a type of institution controlled by members and operated on a nonprofit basis.

Learn more about the ways are retail banks, credit unions, and online banks different.

brainly.com/question/12980617.

A firm is a for-profit business organization—such as a corporation, limited liability company (LLC), or partnership—that provides professional services. Most firms have just one location. However, a business firm consists of one or more physical establishments, in which all fall under the same ownership

Answer:

The major marketing functions are buying, selling, financing, transport, warehousing, risk bearing and standardisation, etc. In each such function different activities are performed by a large number of individuals and bodies. Thus, marketing gives employment to many people.

Explanation:

Plz mark me as BRAINLIEST

Answer: $5,000 in money creation

Explanation:

The money that is created as a result of a new deposit in the financial system can be calculated by using the money multiplier. If this process is to be completed it would take a long time hence making it long term.

The money multiplier is calculated as;

= 1 / Reserve ratio

= 1/ 10%

= 10

The total money created by the deposit is;

= Money multiplier * deposit

= 10 * 500

= $5,000

Answer:

Explanation:

A. Credit

b. Debit

c. Debit

d credit

e credit

f. Debit

g. Credit

h. Credit

i. Debit

j. Credit

k. Debit

l. Debit

A resource having economic worth that a person, business, or nation possesses or controls with the hope that it would someday be beneficial is referred to as an asset. They are acquired or produced in order to raise a company's value or improve the operations of the company. It can be tangible or intangible.

A liability is a debt that a firm owes that will cause it to forfeit future financial gains from dealing with other people or companies. A liability may be used in place of equity as a means of funding a business. Additionally, some liabilities are necessary for day-to-day corporate operations, such as trade payables or tax payments.

To learn more about assets and liabilities, click here

https://brainly.com/question/14777335

#SPJ2

Hello!

Let the value of the US dollar be x.

the Canadian dollar = x - 22x/100 = 0.22x

the US dollar = 1 - 0,22x = 0.78x

so the Canadian dollar = (0.22x / 0.78x) * 100

Let's simplify the expression:

(0.22x / 0.78x) * 100

≈ 28.20%

The answer is 28.2%

The US dollar exceed the value of the Canadian dollar by D. 28.2%.

If the Canadian dollar is worth 22% less than the US dollar, we can determine the percentage by which the US dollar exceeds the value of the Canadian dollar by calculating the relative increase.

To find the percentage increase, we start with the Canadian dollar value and add the percentage increase to obtain the US dollar value. Let's assume the Canadian dollar is worth 100 units.

If the Canadian dollar is worth 22% less, we can calculate the decrease as follows: 100 units × 22% = 22 units. This means the Canadian dollar is worth 78 units (100 units - 22 units).

To determine the percentage by which the US dollar exceeds the value of the Canadian dollar, we find the difference between the US dollar value and the Canadian dollar value and express it as a percentage of the Canadian dollar value.

The US dollar value is 100 units, and the Canadian dollar value is 78 units. The difference is 100 units - 78 units = 22 units.

To express this as a percentage of the Canadian dollar value, we calculate (22 units / 78 units) × 100% ≈ 28.2%.

Therefore, the US dollar exceeds the value of the Canadian dollar by approximately 28.2%.

for more such questions on value

https://brainly.com/question/25922327

#SPJ11

The type of production (or GDP) gap identified is the Negative production Gap. This is a situation where the economic output is less than the full capacity output.

A negative Unemployment Gap always translates to low growth and further shortfall in output and increasing rates of unemployment.

Three fiscal policy tools that can be used to tackle this situation are:

The above tools are expansionary in nature. They have the effects of stimulating aggregate demand hence causing an expansion in production and reducing unemployment.

The three monetary tools that can be used to combat the above situation are:

Learn more about Negative Production Gap at:

https://brainly.com/question/25940788

The correct business reason for Johanna to consider would be to sell the stadium naming rights. Johanna and her business partners have just purchased the NBA franchise in her hometown.  This means that Johanna would need new sources of revenue to rebuild the team roster and turn the situation around. The correct answer will be to sell the stadium naming rights

Since she is facing declining ticket sales, the opportunities for revenue generation would be limited. This is where selling the stadium naming rights could be a lucrative opportunity for Johanna. The terms of the purchase state that the sellers retired the name of the stadium, which had been named after the person who built it. Therefore, there is an immediate opportunity for Johanna to sell the stadium naming rights.

By selling the stadium naming rights, Johanna would be able to generate new sources of revenue, which could be invested in rebuilding the team roster and improving the team's performance. Additionally, this move could also help in increasing the team's brand visibility and fan engagement. However, it is important for Johanna to carefully evaluate the potential revenue generated from this move against the potential backlash from the fans who may not be happy with the change in the stadium's name. The correct answer will be to sell the stadium naming rights

For more such questions on business partners

https://brainly.com/question/30538677

#SPJ11

Answer:

Carver Inc.

a. Ratio Analysis:

Current ratio = Current assets/Current liabilities

= $318,000/87,000

= 3.66 times

Inventory turnover = cost of goods sold/average inventory

= $820,000/$185,000

= 4.43 times

Receivable turnover = Sales/Receivables

= $1,400,000/$95,000

= 14.74 times

Earnings per share = Net income/No. of shares

= $410,000/52,000

= $7.88 per share

Profit margin on sales = Net Income/Sales * 100

= $410,000/$1,400,000 * 100

= 29.29%

Rate of return on assets = Net income/Total assets * 100

= $410,000/$488,000 * 100

= 84.02%

b) Indication of whether the transaction would improve, weaken, or have no effect on the current ratio of Carver Inc. at December 31,2007:

1. weaken

2. weaken

3. no effect

4. no effect

5. weaken

6. no effect

Explanation:

a) Data and Calculations:

CARVER INC.

Balance Sheet

December 31, 2007

Cash                                $45,000      Notes payable (short-term) $50,000

Receivables      $110,000                    Accounts payable                  32,000

Less: Allowance   15,000   95,000      Accrued liabilities                     5,000

Inventories                      170,000       Capital stock (par $5)         260,000

Prepaid insurance              8,000       Retained earnings               141,000

Land                                 20,000

Equipment (net)              150,000

                                   $488,000                                                  $488,000

CARVER INC.

Income Statement

For the year ended December 31, 2007

Sales                                             $1,400,000

Cost of goods sold

Inventory, Jan. 1, 2007 $200,000

Purchases                        790,000

Cost of goods

available for sale          990,000

Inventory, Dec. 31,2007  170,000

Cost of goods sold                         820,000

Gross profit on sales                     580,000

Operating expenses                       170,000

Net income                                   $410,000

If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.

Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.

This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.

After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.

The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public

For more such question on policy visit:

https://brainly.com/question/6583917

#SPJ8

Answer:

Casting  = $ 30 per machine hour

Assembly    = $ 14 per labor hour

Inspecting = $ 11 per inspection

Setup  = $ 149 per setup

Materials handling = $ 47per load

Explanation:

Garfield Inc. Manufacturers

Activity            Budgeted Activity Cost              Activity Base

Casting                    $282,600                        Machine hours

Assembly                  150,360                       Direct labor hours

Inspecting                20,790                      Number of inspections

Setup                          52,150                         Number of setups

Materials handling      42,770                          Number of loads

Activity Base         Entry          Dining            Total

Machine hours     4,990           4,430            9,420

Direct labor hours 4,300          6,440            10,740

Number of inspections 1,440      450            1,890

Number of setups    280              70              350

Number of loads       720            190               910

Units produced   10,000           5,000         15,000

Activity            Budgeted Activity Cost              Activity Rate

Casting                    $282,600           $282,600/9420= $ 30 per machine hour

Assembly                  150,360               150,360 / 10,740 = $ 14 per labor hour

Inspecting                20,790                   20,790/1890= $ 11 per inspection

Setup                          52,150                  52,150   /350= $ 149 per setup

Materials handling      42,770                42,770/910= $ 47per load

The formula for  Activity rate = Activity Cost/ Activity Base Cost