Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Wayne ($ in millions) Corporation Enterprises Current assets: Cash and cash equivalents $ 407 $ 165 Current investments 6 463 Net receivables 706 86 Inventory 10,653 7,409 Other current assets 1,215 135 Total current assets $ 12,987 $ 8,258 Current liabilities: Current debt $ 7,421 $ 4,229 Accounts payable 1,687 941 Other current liabilities 1,193 2,375 Total current liabilities $ 10,301 $ 7,545 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) 1-b. Which company has the better ratio
Answers
Answer:
1-a. ACME corporation is 1.26
Wayne corporation is 1.09
1-b. ACME corporation
Explanation:
ACME ($ in millions) Wayne ($ in millions)
Total current assets $ 12,987 $ 8,258
Total current liabilities $ 10,301 $ 7,545
1-a) Formula for calculating current ratio: Current ratio = Current assets ÷ Current liabilities
ACME corporation, current ratio = $ 12,987 million ÷ $ 10,301 million = 1.26
Wayne corporation, Current ratio = $ 8,258 million ÷ $7,545 million = 1.09
1-b. The higher the current ratio, the better the liquidity position. ACME corporation has the better ratio.
1-The current ratio of. ACME corporation is 1.26 and Wayne corporation is 1.09.
1-b. ACME corporation
Calculation of the current ratio:ACME ($ in millions) Wayne ($ in millions)
Total current assets $ 12,987 $ 8,258
Total current liabilities $ 10,301 $ 7,545
1-a) The Formula for calculating current ratio is
Current ratio = Current assets ÷ Current liabilities
For ACME corporation
= $ 12,987 million ÷ $ 10,301 million
= 1.26
And,
Wayne corporation
= $ 8,258 million ÷ $7,545 million
= 1.09
1-b. The higher the current ratio, the better should be the liquidity position. ACME Corporation has the better ratio.
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Related Questions
Yield to maturity: Serengeti Corp. has five-year bonds outstanding that pay a coupon of 8.8 percent. If these bonds are priced at $1,064.86, what is the yield to maturity on these bonds? Assume semiannual coupon payments. What is the effective annual yield?
Answers
The yield to maturity on the bonds is 3.939% and the effective annual yield is 17.01%.
What are bonds?Bonds are debt securities that are issued by corporations, governments, and other organizations to raise capital. Essentially, when an organization issues a bond, it is borrowing money from investors.
First, we need to calculate the present value of each cash flow. The bond pays a semiannual coupon of 8.8%/2 = 4.4%. It will pay this coupon for ten semiannual periods (5 years x 2 semiannual periods per year). At the end of the ten periods, it will also pay back the face value of the bond, which is $1,000.
The present value of each semiannual coupon payment can be calculated using the following formula:
PV = C / (1 + r/2)^n
Where C is the coupon payment, r is the semiannual yield to maturity, and n is the number of semiannual periods until the payment.
Using the given numbers, we get:
PV of each coupon payment = $44 / (1 + r/2)^n
The present value of the face value payment can be calculated as:
PV of face value payment = $1,000 / (1 + r/2)^10
Now we can calculate the present value of all the cash flows by adding up the present values of each coupon payment and the face value payment:
Bond price = PV of coupon payments + PV of face value payment
$1,064.86 = $44 / (1 + r/2)^1 + $44 / (1 + r/2)^2 + ... + $44 / (1 + r/2)^10 + $1,000 / (1 + r/2)^10
To solve for r, we can use a financial calculator or a spreadsheet program. Using a financial calculator, we get a semiannual yield to maturity of 3.939%.
To calculate the effective annual yield, we first calculate the semiannual effective yield:
Effective semiannual yield = (1 + 3.939%)² - 1 = 8.149%
Then we can calculate the effective annual yield by compounding the semiannual effective yield:
Effective annual yield = (1 + 8.149%)² - 1 = 17.01%
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What is one cost of avoiding insurance?
Answers
Answer: One of the costs of not having insurance is the cost of repairing. Another cost is paying insurance premiums. Losses caused by a lack of insurance are the price of not having insurance.
Answer:
falling into debt if faced with a serious problem
Explanation:
QUESTION 1
On 1 July 2021, Iriz Bhd (IB) purchased a piece of land with an existing old building for RM2,000,000. IB demolished the building and constructed a new building as headquarters on the site. The new building and land improvement are expected to last for 50 years with no residual value and the construction was fully completed by 30 June 2022.
The following represents various expenses related to the purchase of land and construction of new building during 2021 and 2022:
Items RM
Lawyer’s fee to close the purchase deal 20,000
Cost of land fill and clearing 15,000
Architect’s fee 150,000
Fencing around the land 100,000
Cost of demolishing existing building 50,000
Interest on financing of construction paid during construction 250,000
Receipts from sale of demolition scraps 25,000
Construction costs 1,200,000
Landscaping (trees and shrubs), permanent in nature. 40,000
Parking lots and concrete walks on the property 200,000
Insurance premium on building for 2-year periods (50% during construction period) 30,000
Moving costs from old headquarters to new headquarters 150,000
To accommodate the mission of improving productivity and efficiency, the company also bought a new special equipment and made the following payments.
Items RM
Manufacturer’s list price 4,500,000
Discount term, IB paid within discount period 2/10, n 60
Delivery charge 75,000
Installation charge 50,000
Additional components to increase capacity to achieve intended quality 100,250
Storage cost RM5,000 (it was delivered before the factory is ready for installation 6,000
Service and maintenance 24,500
Replacement parts 17,000
Test runs 16,500
Small spare parts 2,600
During the test runs, some samples were produced and sold. The proceeds from these samples amounted to RM25,000.
On 1 January 2022, IB exchanged its old truck with a new truck to Rosken Bhd. The old truck was bought on 1 January 2020 at RM200,000 and annual depreciation rate was 20%. The fair value of the old truck at the date of exchange was RM100,000. In addition to the old truck, IB paid RM50,000 cash to Rosken Bhd. The exchange of the equipment has commercial substance.
REQUIRED:
(a) Calculate the cost of property, plant and equipment below based on MFRS 116 Property, Plant and Equipment. Show all calculations.
(i) Land
(ii) Land Improvement
(iii) Building
(iv) Equipment
(b) Prepare the journal entries to record the transaction related to the exchange of truck by Iriz Bhd.
Answers
(a) Cost of property, plant and equipment:
(i) Land: RM2,000,000
(ii) Land Improvement: RM165,000
(iii) Building: RM1,880,000
(iv) Equipment: RM4,595,350
(b) Journal entries:
Debit: Equipment (new truck) RM250,000, Accumulated Depreciation RM160,000, Cash RM50,000
Credit: Equipment (old truck) RM100,000.
(a) Calculation of cost of property, plant and equipment:
(i) Land:
Cost of land: RM2,000,000
(ii) Land Improvement:
Fencing around the land: RM100,000
Landscaping (trees and shrubs): RM40,000
Parking lots and concrete walks: RM200,000
Total land improvement cost: RM100,000 + RM40,000 + RM200,000 = RM340,000
(iii) Building:
Construction costs: RM1,200,000
Demolition cost: RM50,000
Insurance premium (50% during construction): RM30,000 * 50% = RM15,000
Total building cost: RM1,200,000 + RM50,000 + RM15,000 = RM1,265,000
(iv) Equipment:
Manufacturer's list price: RM4,500,000
Discount received (2% of RM4,500,000): RM4,500,000 * 2% = RM90,000
Net amount paid for equipment: RM4,500,000 - RM90,000 = RM4,410,000
Additional components cost: RM100,250
Delivery charge: RM75,000
Installation charge: RM50,000
Storage cost: RM5,000
Total equipment cost: RM4,410,000 + RM100,250 + RM75,000 + RM50,000 + RM5,000 = RM4,640,250
(b) Journal entries for the exchange of truck:
Debit:
- Equipment (new truck): RM250,000
- Accumulated Depreciation: RM160,000
- Cash: RM50,000
Credit:
- Equipment (old truck): RM100,000
Note: The above journal entries reflect the exchange of the old truck with a new truck where the fair value of the old truck is RM100,000 and the cash paid is RM50,000. The difference between the fair value of the old truck and the cost of the new truck is accounted for in the Equipment (new truck) account.
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What is an incentive
Answers
Answer:
An incentive is something that motivates or encourages a person to take a specific action. Incentives can be positive, such as a reward or a benefit, or negative, such as a punishment or a cost. Incentives can be used to influence behavior and decision-making, and they are often used in economic and business contexts to motivate employees, consumers, or other stakeholders. Incentives can take many forms, including financial rewards, recognition, privileges, or other benefits.
Which type of logic is based on indisputably verifiable information?
Answers
Answer:
Falsifiability
Explanation:
Falsifiability
f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.
Answers
Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.
A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.
Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.
In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.
Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.
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An online streaming service sells movie rentals for $5.99 to its American shoppers. A large American chain store sells a physical copy of the same movie for $5.99. Which of the following is a possible reason that the online streaming service could expect to rent a movie for the same price that it could be purchased for somewhere else?(1 point)
a. Government intervention on maximum prices is the most common cause of abnormal market pricing. In general, the government will set a maximum on the prices of common goods. The retailer selling the movie might like to charge more but may not be able to.
b. Lack of knowledge is an important factor in determining market prices. Retailers almost always assume that shoppers don't look around for a bargain and will generally charge whatever price they want.
c. Location is an important factor in determining market prices. For the online streaming service, the buyer doesn't even have to leave his or her home, while the physical copy would need to be picked up at the store. The online retailer can charge the same price for a lesser product because the retailer is conveniently located for the consumer.
d. Government intervention on minimum prices is the most common cause of abnormal market pricing. In general, the government will set a minimum on the prices of common goods. The online retailer renting the movie might like to charge less but may not be able to.
Answers
Answer:
C
Explanation:
You can often sell less of product for more money if convenience is added to the product value.
for example, you I to gas station & pay more for a 20oz soda than our do a 2liter. you're getting way less soda for twice the amount. you are paying for the convenience of not carrying around a 2 liter
From the case Ford Hybrid Car Case, by ARVIND RANGASWAMY
Develop forecasts of hybrid car penetration in the U.S. market from 2007 through 2016 for each scenario you develop, along with a justification and explanation for your forecasts. (In applying the Bass model, note that market penetration data for the three analog products mentioned in the case, namely, ABS, EFI, and Diesel cars, were all reckoned in terms of the percentage of the target market that adopted the product. Thus the maximum market potential can at most be equal to 100).
Answers
The forecasts of hybrid car penetration in the U.S. market from 2007 through 2016 for each scenario are Optimistic, Pessimistic and Realistic.
Scenario 1: Optimistic
In this scenario, I assume that the following factors will contribute to the growth of the hybrid car market:
Increasing awareness of the environmental benefits of hybrid carsGovernment incentives for purchasing hybrid carsContinued improvement in the performance and affordability of hybrid carsBased on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach 10% by 2016.
Scenario 2: Pessimistic
In this scenario, I assume that the following factors will hinder the growth of the hybrid car market:
High price of hybrid carsLack of charging infrastructureConsumer resistance to changeBased on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach only 5% by 2016.
Scenario 3: Realistic
In this scenario, I assume that the following factors will influence the growth of the hybrid car market:
A combination of the factors in the optimistic and pessimistic scenariosBased on these factors, I forecast that the market penetration of hybrid cars in the U.S. will reach 7% by 2016.
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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
Answers
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
anabel purchased a smart speaker. she connected it to all the smart devices in her home. which of the following communication models is she using?
Answers
The fact that Anabel purchased a smart speaker that connected to all her smart devices means that the model of communication used is C. Device-to-device.
What is Device-to-device communication ?Direct connections between devices are possible, and they are also capable of communicating with one another using IP networks, the Internet, and Bluetooth protocols.
Device-to-device (D2D) communication, which offers extremely low latency for user communication, is anticipated to play a large part in emerging cellular networks. By connecting her devices to the smart device, Anabel is connecting devices to devices so this is a device to device communication model.
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Options for this question include :
Person to device Device to person Device to device Person to personThe next dividend payment by Grenier, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $27 per share, what is the required return
Answers
Answer:
Required rate of return = 10.75%
Explanation:
The value of a stock using the dividend valuation model, is the present value of the expected future dividends discounted at the required rate of return. The required rate of return is the cost of equity
The model is represented below:
P = D× (1+g)/ ke- g
Ke- cost of equity, g - growth rate, p - price of the stock
This model can used to work out the cost of equity, as follows:
Ke = D× (1+g)/p + g
Ke = (1.48× 1.05)/27 + 0.05
Ke= 0.107555556
Required return = 0.1075 × 100 = 10.75
Required rate of return = 10.75%
Tasha makes fun of Jeffery at work, harasses him, and calls him names. How
might an HR manager overcome this situation of office bullying?
OA. Work with Tasha to stop her behavior and ensure Jeffery feels
safe at the office
OB. Have Tasha arrested for bullying and ensure Jeffery is awarded a
promotion
OC. Tell Tasha to stop bullying Jeffery and suggest to Jeffery that he
find a new job
OD. Tell upper management about Tasha's behavior so that they can
sort out the problem
Answers
The most appropriate option to overcome this situation of office bullying would be A: Work with Tasha to stop her behavior and ensure Jeffery feels safe at the office.
What should the HR manager do ?The HR manager should take steps to stop the bullying behavior and ensure that the victim, Jeffery, feels safe in the office. The HR manager should investigate the situation, speak with both Tasha and Jeffery, and determine the root cause of Tasha's behavior.
After identifying the cause, the HR manager should work with Tasha to stop her behavior and prevent it from happening again. This could include training, coaching, or counseling sessions. Additionally, the HR manager should monitor the situation and check-in with Jeffery to ensure that he feels safe and supported.
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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How do you feel when you buy a product that is overpriced?
Answers
Hope this helps :)
Suppose that you can sell as much of a product (in integer units) as you like at $60 per unit. Your marginal cost (MC) for producing the qth unit is given by: MC=7q This means that each unit costs more to produce than the previous one (e.g., the first unit costs 7*1, the second unit (by itself) costs 7*2, etc.). If fixed costs are $80, what is the profit at the optimal integer output level?
Answers
Answer:
Profit at the optimal integer output level is $176.50.
Explanation:
This can be determined as follows:
Step 1: Calculation of optimal integer output level
At the optimal integer output level, profit is maximized where marginal revenue (MR) is equal to the marginal cost (MC), i.e. where;
MR = MC ................................ (1)
For any product, the MR is equal to the price per unit of the product. Therefore, we have:
MR = Price per unit = $60
Also given,
MC = 7q
Substituting for MR and MC in equation (1) and solve for q, we have:
$60 = 7q
q = $60 / 7
q = 9 units
Therefore, the optimal integer output level is 9 units.
Step 2: Calculation of total revenue at optimal integer output level
Total revenue = Price per unit * q = $60 * 9 = $540
Step 3: Calculation of total cost at optimal integer output level
Since MC = 7q, the total cost (C) can be obtained by taking the integral of the MC as follows:
C = ∫(MC)dq = ∫[7q]dq = (7 / 2)q^2 + F = 3.5q^2 + F ........... (2)
Where F is Fixed cost which is given as $80.
We then substitute F = $80 and q = 9 into equation (2) to have:
C = 3.5(9^2) + 80
C = (3.5 * 81) + 80
C = 283.50 + 80
C = $363.50
Therefore, total cost at the optimal integer output level is $363.50.
Step 4: Calculation of profit at optimal integer output level
Profit = Total revenue - Total cost ...................... (3)
Where;
Total revenue = $540; from step 2 above.
Total cost = $363.50; form step 3 above.
Substituting the values into equation (3), we have:
Profit = $540 - $363.50 = $176.50
Therefore, profit at the optimal integer output level is $176.50.
Which of the following statement is TRUE?
(1 Point)
Developmental programs improve conceptual skills of managers for the future job.
Training programs improve conceptual skills of nonmanagers for the future job.
Developmental programs improve technical skills of nonmanagers for the current job.
Training programs improve technical skills of mangers for the current job.
Answers
'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.
The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.
Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.
The correct answer is option a.
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An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,020,000 and will be sold for $1,220,000 at the end of the project. If the tax rate is 35 percent, what is the aftertax salvage value of the asset
Answers
Answer:
The after-tax salvage value of the asset is:
= $793,000.
Explanation:
a) Data and Calculations:
Asset acquisition cost = $6,020,000
Salvage value = $1,220,000
MACRS Depreciation Expenses = $4,800,000
Project useful life or project duration = 5 years
Tax rate = 35%
Tax expense = $427,000
After-tax salvage value = $793,000 ($1,220,000 - $427,000)
b) The salvage value of the project asset is the recovery or residual value after depreciation expenses have been recognized over the project asset's useful life. Depreciation is an accounting method of spreading the cost of an asset over its useful life. There are many depreciation methods, including straight-line, double-declining, unit-of-production, sum-of-the-years digits, etc.
Calculate costs of goods sold for Day Company
Answers
The cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
What is the cost of goods sold?The cost of goods sold is the difference between the beginning inventory added to the period's purchases or finished goods while subtracting the ending inventory.
In other words, the cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.
Data and Calculations:Beginning inventory = $1,000
Purchases = $7,000
Ending inventory = $3,000
Cost of goods sold = $5,000 ($1,000 + $7,000 - $3,000)
Thus, the cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
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Write a memo to your head of department Stating Three issues you want addressed by the department.
Answers
A sample memo to my HOD about issues that needs to be addressed is given below:
The MemoTo: Head of Department
From: Brainly dot com
Subject: Three Issues to be addressed by the department
Dear [Head of Department],
I am writing this memo to bring to your attention three issues that I believe need to be addressed by our department. There are some concerns:
Lack of Diversity and Inclusion: Our department has a homogenous composition, and we are not doing enough to promote diversity and inclusion. We need to work towards creating an environment that is welcoming to people from all backgrounds. This can be achieved by recruiting and retaining employees from diverse backgrounds, promoting diversity and inclusion training programs, and implementing policies that promote equity and inclusivity.
Outdated Technology: Our department is still relying on outdated technology, which is slowing down our work processes and affecting our productivity. It is essential to invest in modern technology and tools to improve our efficiency and output. This may include upgrading our software, hardware, and other equipment, as well as providing training to employees to ensure they can use the new technology effectively.
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Mitchell Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Mitchell Bicycle Shop uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost March 1 Beginning inventory 20 $185 $3,700 March 5 Sale ($270 each) 15 March 9 Purchase 10 205 2,050 March 17 Sale ($320 each) 8 March 22 Purchase 10 215 2,150 March 27 Sale ($345 each) 12 March 30 Purchase 9 235 2,115 $10,015 For the specific identification method, the March 5 sale consists of bikes from beginning inventory, the March 17 sale consists of bikes from the March 9 purchase, and the March 27 sale consists of four bikes from beginning inventory and eight bikes from the March 22 purchase. Required: 1. Calculate ending inventory and cost of goods sold at March 31, using the specific identification method. 2. Using FIFO, calculate ending inventory and cost of goods sold at March 31. 3. Using LIFO, calculate ending inventory and cost of goods sold at March 31. 4. Using weighted-average cost, calculate ending inventory and cost of goods sold at March 31. 5. Calculate sales revenue and gross profit under each of the four methods. 6. Comparing FIFO and LIFO, which one provides the more meaningful measure of ending inventory? 7. If Mitchell Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment.
Answers
Bikes from initial inventory are included March 5 sale, a March 17 outsourcers bikes from March 9 sale, or Mar 27 sale includes four bikes from the initial balance & eight bikes from March 22 purchase. 1/2 is need.
Now what you mean by inventory?All the products, materials, and things that a company keeps on hand in anticipation of selling them to customers for a profit are referred to as inventory. Example: If a newspaper seller utilizes a vehicle to distribute newspapers to clients, just the newspapers will be deemed inventory.
What are the four different categories of inventory?Raw materials/components, WIP, final products, and MRO are the four main categories of inventory.
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what is a advantage of a retail store holding change float in a store
Answers
A change float is a set amount of money that a retail store keeps on hand to use as change for customer purchases. Firstly, having a change float ensures that customers can always receive the correct amount of change for their purchases.
Without a change float, cashiers would need to rely on the exact change given by customers or constantly ask for additional change from other employees or the cash register. This can slow down the checkout process and lead to frustrated customers.Secondly, holding a change float helps to prevent theft.
If cashiers don't have access to a change float, they may be tempted to take money from the cash register to use as change. This can lead to discrepancies in the cash register and make it difficult to track down the source of any missing money. A change float provides a clear and separate source of change that can be tracked and accounted for.Thirdly, a change float can help to speed up the checkout process.
Cashiers don't need to spend time searching for change or counting out coins, which can help to reduce long lines and improve customer satisfaction. In summary, a change float is an important tool for any retail store that wants to provide excellent customer service, prevent theft, and improve efficiency.
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PLEASE HELP, WILL GIVE BRAINLIEST
1. The industrial wood planers currently valued at $58,000 each were purchased two years ago for $65,000 each. The company plans to keep them for six more years. Jasmine uses the straight-line method to determine the depreciation for these machines. Be sure to follow FASB
a. What is the salvage value of each planner, and how is this amount determined? (2 points)
Answers
The salvage value of each planner is $23,000 and this is derived by first calculating the depreciation amount which is then deducted from Original cost of the asset.
How do we calculate our salvage value?The salvage value of each industrial wood planer is the estimated value of the machine at the end of its useful life, after it has been fully depreciated. It is determined by subtracting the accumulated depreciation from the original cost of the asset.
In Jasmine's case, using the straight-line method of depreciation, the annual depreciation for each machine is calculated as follows:
$65,000 - $58,000 = $7,000 (depreciation per year)
The company plans to keep the machines for six more years, so the total amount of accumulated depreciation would be:
$7,000 x 6 = $42,000
Therefore, the estimated salvage value of each industrial wood planer would be:
= $65,000 - $42,000
= $23,000
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Creative and innovative
Answers
A creative innovation is bringing about something unique and different.
What is creativity?Creativity is the ability to imagine something unique or new that have not been in existence.
It could also be a modification to what have been existing before.
Therefore, A creative innovation is bringing about something unique and different.
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Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Answers
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
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A stock sells for $2,000, pays $30 in dividends and grows at 3% annually.
a. What is the interest rate?
b. If the Risk free rate is 2%, what is the risk premium?
Answers
Answer:
a. The interest rate is 3%
b. The risk premium is 1%
Explanation:
Give me brainliest if that helped :)
a. The interest rate is 4.5%, and
b. If the Risk-free rate is 2%, then the risk premium in the stock is 2.5%.
a.
Given:
Stock Price (P) = $2,000
Dividends (D) = $30
Growth Rate (g) = 3%
Required to find interest rate (r) =?
Stock Price = Dividends / (Interest Rate - Growth Rate)
$2,000 = $30 / (r - 0.03)
r - 0.03 = $30 / $2,000
r - 0.03 = 0.015
r = 0.015 + 0.03
r = 0.045
The interest rate for the stock is 4.5%.
b.
Given:
Risk-free rate = 2%
Interest rate (required rate of return) from part a = 4.5%
Required to find risk premium =?
Risk Premium = Interest Rate - Risk-free rate
Risk Premium = 4.5% - 2%
Risk Premium = 2.5%
When compared to a risk-free investment, such as a government bond, the excess return an investor anticipates receiving for taking on the risk of investing in a specific stock is known as the risk premium.
Therefore, the interest rate and risk premium are 4.5% and 2.5% respectively.
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Prepare journal entries to record the following merchandising transactions of Lowe's, which uses the perpetual inventory system and
the gross method.
August 1 Purchased merchandise from Aron Company for $8,000 under credit terms of 1/10, n/30, FOB destination, invoice dated
August 1.
August 5 Sold merchandise to Baird Corporation for $5,600 under credit terms of 2/10, n/60, FOB destination, invoice dated August
5. The merchandise had cost $4,000.
August 8 Purchased merchandise from Waters Corporation for $7,000 under credit terms of 1/10, n/45, FOB shipping point, invoice
dated August 8.
August 9 Paid $190 cash for shipping charges related to the August 5 sale to Baird Corporation.
August 10 Baird returned merchandise from the August 5 sale that had cost Lowe's $500 and was sold for $1,000. The merchandise was
restored to inventory.
August 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe's received a price
reduction from Waters of $700 off the $7,000 of goods purchased. Lowe's debited accounts payable for $700.
August 14
At Aron's request, Lowe's paid $160 cash for freight charges on the August 1 purchase, reducing the amount owed (accounts
payable) to Aron.
August 15 Received balance due from Baird Corporation for the August 5 sale less the return on August 10.
August 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
August 19
Sold merchandise to Tux Company for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The
merchandise had cost $2,400.
August 22
Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe's gave a
price reduction (allowance) of $800 to Tux and credited Tux's accounts receivable for that amount.
August 29 Received Tux's cash payment for the amount due from the August 19 sale less the price allowance from August 22.
August 30 Paid Aron Company the amount due from the August 1 purchase.
Answers
Based on the given merchandising transactions, a journal entry has been prepared below:
Journal EntriesNo Date General Journal Debit Credit
1 Aug 01 Merchandise inventory $6,000
Accounts payable-Aron $6,000
2 Aug 05 Accounts receivable-Baird $4,200
Sales $4,200
3 Aug 05 Cost of goods sold $3,000
Merchandise inventory $3,000
4 Aug 08 Merchandise inventory $5,000
Accounts payable-Waters $5,000
5 Aug 09 Delivery expense $200
Cash $200
6 Aug 10 Sales return and allowances $1,000
Accounts receivable-Baird $1,000
7 Aug 10 Merchandise inventory $500
Cost of goods sold $500
8 Aug 12 Accounts payable-Waters $500
Merchandise inventory $500
9 Aug 14 Accounts payable-Aron $190
Cash $190
10 Aug 15 Cash ($3,200 - $3,136) $3,136
Sales discounts ($3,200 x 2%) $64
Accounts receivable-Baird ($4,200 - $1,000) $3,200
11 Aug 18 Accounts payable-Waters ($5,000 - $500) $4,500
Merchandise inventory ($4,500 x 1%) $45
Cash ($4,500 - $4,455) $4,455
12 Aug 19 Accounts receivable-Tux $3,600
Sales $3,600
13 Aug 19 Cost of goods sold $1,800
Merchandise inventory $1,800
14 Aug 22 Sales return and allowances $600
Accounts receivable-Tux $600
15 Aug 29 Cash ($3,600 - $600) $3,000
Accounts receivable-Tux $3,000
16 Aug 30 Accounts payable-Aron ($6,000 - $190) $5,810
Cash $5,810
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5.24 The United States Golf Association requires that the weight of a golf ball must not exceed 1.62 oz.The association periodically checks golf balls sold in the United States by sampling specific brands stocked by pro shops....
Answers
The probability that none of the randomly selected golf balls exceed 1.62 oz in weight will be 0.7857.
How to calculate probability?It should be noted that probability simply means the likelihood of the occurence of an event.
From the table given, the probability that none of the randomly selected golf balls exceed 1.62 oz in weight will be 0.7857.
The probability that at least one of the randomly selected golf balls exceed 1.62oz will be:
= 1 - 0.7857
= 0.2143
The probability of x is being greater than or equal to 3 will be 0.9999.
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Which of the following revisions use direct language most effectively? Check all that apply. A variety of current variables require the development of on-demand technologies at this crossroads. Technological development, and therefore institutional growth, has been externally influenced by a number of interfering elements. Market fluctuations have required us to develop our technology. Several factors have spurred technological development.
Answers
Answer:
The correct alternatives are "Option C and Option D".
Explanation:
Appropriate utilization of direct language prosperous countries through using advanced vocabulary with powerful verbs, using appropriate terms, avoiding jargon as well as avoiding phrase phrases.Some many considerations had already stimulated technology innovation, currency fluctuations had already made it necessary for us to establish our modern technologies.Other preferences aren't related to the circumstance in question. That the above response is the correct one.
How does finance and insurance affect in our global economy?
Answers
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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how can your organisation utilise diverse talent, attitudes and values of employees that emanates from diversity in order to maximize
Answers
An organization having a diverse workforce will be able to offer a diversity of work skills, potential, ideas and energy.
In what ways can your organization utilize diverse talent, attitudes and values of employees?Every organization has policies on equality and diversity. Organizational policies on equality and diversity impact the day-to-day activity in the workplace. An organization having a diverse workforce will be able to offer a variety of work skills, potential, ideas, and energy. A diverse workforce will make the organization a better place to work. Equality refers to equal opportunity in an organization irrespective of caste, creed, color, gender, etc.
Workplace policies with respect to equality and diversity allow the smooth running of an organization and avoid any biased decisions based on any religion, gender, demography, etc.
When every employee has equal rights and an equal chance to achieve their potential then the organization also grows well and its success rate improves.
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