Answer and Explanation:
The journal entries are shown below:
Wages expense ($18,000 × 3 days ÷ 5 days) $10,800
To Wages payable $10,800
(Being the accrued wages is recorded)
For recording this we debited the wages expense as it increased the expenses and credited the wages payable as it also increased the liabilities
What are some of your strengths areas? Think about the top 2/3 skills you would advertise about yourself, consider what others come to you for advice about.
Answer:
Some of my strength areas are trustworthiness, creativity and solving problems, leadership and organization, analytical skills, determination, and empathy.
Explanation:
Every person's core strengths or skills should fall into these three main areas: personal, play, and work. Personal skills deal with the fundamental skills that give the background to every activity that a person undertakes. Play skills define the human interaction and relationship with others. Work skills specify one's attitude to work and how a person achieves her goals in the work environment.
A perfectly competitive firm will not produce any output in the short run and will shut down if the price is:
A perfectly competitive firm will not produce any output in the short run and will shut down if the price is less than its minimum average variable cost (AVC).
This is because if the price falls below AVC, the firm is not even able to cover its variable costs, meaning that it is better off shutting down and avoiding any further losses. In the short run, a perfectly competitive firm will continue to produce as long as the price exceeds its average variable cost, but it may not be able to recover its fixed costs. However, if the price falls below the minimum AVC, the firm will not be able to cover even its variable costs, and continuing to produce would only lead to greater losses. Therefore, it is rational for the firm to shut down in the short run if the price falls below the minimum AVC. In the long run, a perfectly competitive firm will exit the industry if it cannot earn a normal profit, which means that it is unable to cover all its costs, including both variable and fixed costs. This is because in the long run, there are no fixed costs, and firms are free to enter and exit the industry. If the price remains below the minimum AVC, the firm will continue to lose money, and eventually, it will exit the industry.
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Pls, the meaning of warranty
Answer:
A warranty is a written promise by a company that, if you find a fault in something they have sold you within a certain time, they will repair it or replace it free of charge.
14) You are in a virtual one-on-one meeting. How should you conduct yourself in this kind of meeting?
A) Dress casually to make the one-on-one conversation feel more casual.
B) Maximize the amount of time you spend looking directly at the camera
C) focus your gaze on yourself so the other person does not feel uncomfortable
Answer:
The answer is B) Maximize the amount of time you spend looking directly at the camera.
Explanation:
Looking directly at the camera is important because it simulates eye contact and helps to build trust and connection. It also shows that you are paying attention and engaged in the conversation, while avoiding the impression of being distracted or disinterested.
On June 10, Paid Company purchased $9,000 of merchandise from McGiver Company, terms 3/10, n/30. Paid Company pays the freight costs of $400 on June 11. Goods totalling $600 are returned to McGiver company for credit on June 12. One june 19, Paid Company pays McGiver Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Required:
1. Prepare separate entries for each transaction on the books of Paid Company.
2. Prepare separate entries for each transaction for McGiver Company. The merchandise purchased by Pais Company on June 10 cost McGiver Company? $5,000, and the goods returned ost McGiver Company $310.
Answer:
In the books of:
Paid Company:
June 10:
Debit Inventory $9,000
Credit Accounts payable (McGiver Company) $9,000
To record the purchase of goods on account, terms 3/10, n/30.
June 11:
Debit Freight-in $400
Credit Cash $400
To record the payment of freight for purchased goods.
June 12:
Debit Accounts payable (McGiver Company) $600
Credit Inventory $600
To record the return of goods to supplier.
June 19:
Debit Accounts payable (McGiver Company) $8,400
Credit Cash $8,148
Credit Cash Discount $252
To record the payment on account.
McGiver Company:
June 10:
Debit Accounts receivable (Paid Company) $9,000
Credit Sales $9,000
To record the sale of goods on account, terms 3/10, n/30.
Debit Cost of goods sold $5,000
Credit Inventory $5,000
To record the cost of goods sold.
June 12:
Debit Sales returns $600
Credit Accounts receivable (Paid Company) $600
To record the return of goods on account.
Debit Inventory $310
Credit Cost of goods sold $310
To record the cost of goods returned.
June 19:
Debit Cash $8,148
Debit Cash Discount $252
Credit Accounts receivable (Paid Company) $8,400
To record the receipt of cash from customer.
Explanation:
a) Data and Analysis:
Paid Company:
June 10: Inventory $9,000 Accounts payable $9,000, terms 3/10, n/30.
June 11: Freight-in $400 Cash $400
June 12: Accounts payable $600 Inventory $600
June 19: Accounts payable $8,400 Cash $8,148 Cash Discount $252
McGiver Company:
June 10: Accounts receivable $9,000 Sales $9,000, terms 3/10, n/30.
Cost of goods sold $5,000 Inventory $5,000
June 12: Sales returns $600 Accounts receivable $600
Inventory $310 Cost of goods sold $310
June 19: Cash $8,148 Cash Discount $252 Accounts receivable $8,400
What would happen if I were to buy a truck for $50,000 and expense all of it during that period, rather than handle it the way the book recommends? What would it do to my Income Statement and Balance Sheet?
Answer:
Income from operation will decrease by $50,000
Explanation:
given data
inventory of a manufactured = 5,000 units
to find out
effect on income from operations
solution
as we know that in the absorption costing both variable cost and fixed cost are included in the cost of production
so that as under variable costing only the variable manufacturing cost are included in the cost
and
if absorption costing is used the inventory level that will be increased by10 × 5000 = $50,000
so Income from operation will decrease by $50,000
so correct option is c.$50,000 decrease
Balance sheet as what that might be will indeed be underestimated. A further explanation is provided below.
A $50,000 automobile has been purchased. This is a level of investment. Throughout acquisition, it should not be recognized as an expense. Yearly trucking depreciation would be to be determined employing the truck's anticipated lifespan.
Depreciation costs, therefore, should have been computed annually and should be reported throughout the statement of financial position. The truck must be reflected minus cumulative depreciation at such market rates somewhere in the accounting records. If somehow the truck gets charged for the purchasing year as well, then the operating earnings of the reporting quarter of the company would decrease dramatically.The truck wouldn't have been reflected on the balance sheet even though it stated at the cost the year of the acquisition.So the preceding response is correct.
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When making a choice using the blank a household will choose the combination of labor, leisure, and income that provides the most utility
Answer: hiii lol
Explanation:
If the demand equation is
Q + 4 P = 60
fi nd a general expression for the price elasticity of demand in terms of P . For what value
of P is demand unit elastic?
We begin by defining price elasticity of demand as follows in order to determine the generic expression for this quantity in terms of P:
Elasticity is defined as (% change in the quantity demanded / % change in the price).
This can be rewritten as follows by applying the midpoint formula:
Elasticity is calculated as [(Q2 - Q1) / (Q1 + Q2 / 2)] / [(P2 - P1) / ((P1 + P2) / 2)]
Streamlining the expression results in:
Elasticity is equal to [(Q1 + Q2) - Q2]. / [(P2 - P1) / (P1 + P2)]
In order to obtain: we can now substitute the demand equation into the expression.
Elasticity is equal to [(a - bP) / (a + bP)]. / [(P2 - P1) / (P1 + P2)]
Further simplification provides:
Elasticity is defined as [(P1 + P2) / (P2 - P1)] * (bP / (a - bP))
We set the absolute value of the elasticity to 1 in order to get the value of P at which demand is unit elastic:
elastic factor = 1
Thus, we get:
1 = [(P1 + P2) / (P2 - P1)] * [(bP / (a - bP)]
Calculating P results in:
P equals (2b) = (a + P1b + P2b)
The average of P1 and P2 plus a constant term given by the demand equation's parameters represents the value of P at which demand is unit elastically elastic.
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Hector and Quinn have decided to form a partnership. Hector is going to contribute the following to the partnership:
Note payable as a bank loan for the new business
Machine
$ 16,000
$31,000
Cash
$10,900
Based on this information, Hector's beginning equity balance in the partnership will be:
It can be noted that based on this information, Hector's beginning equity balance in the partnership will come to about $46,900.
What is equity?To exact Hector's beginning equity balance in the partnership, we need to calculate the total value of his contributions.
Hector's contributions include derived as follows
Machine = $16,000
Cash = $10,900
Let's assume the bank loan is $20,000 for this example.
Adding these we have
$16,000 + $10,900 + $20,000 = $46,900
Hence, Hector's beginning equity balance in the partnership would be $46,900.
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Which of the following would appear in the cash flows from investing activities section of the statement of cash flows?
a. Cash received from stock issued
b. Cash received from bonds payable
c. Depreciation expense on equipment
d. Cash paid for equipment
The correct answer is:
d. Cash paid for equipment
Cash flows from investing activities include transactions related to the acquisition or sale of long-term assets such as property, plant, and equipment. Cash paid for the purchase of equipment would be categorized as an investing activity because it involves the outflow of cash for the acquisition of a long-term asset.
Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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1. By giving yourself a safety cushion on all sides of the vehicle you improve your ability to? 1. stop 2. maneuver 3. think 4. all of the above
Answer: 4
Explanation: All of the above
Using the graphing function on your calculator, find the solution to the system
of equations shown below.
OA. More than 1 solution
B. x = 12, y = 3
OC. x = -8, y = 2
O D. No solution
3y-12x = 18
2y-8x = 12
There is no solution of these two equations. Option D.
To solve this system of equations graphically, we need to plot the two lines represented by each equation on the same coordinate plane and find the point where they intersect.
To graph these lines, we can first write each equation in slope-intercept form (y = mx + b) by solving for y:
3y - 12x = 18 --> 3y = 12x + 18 --> y = 4x + 6
2y - 8x = 12 --> 2y = 8x + 12 --> y = 4x + 6
We can see that both equations have the same slope of 4 and y-intercept of 6, which means that they are parallel lines and do not intersect.
Therefore, there is no solution to this system of equations.the two lines are parallel and do not intersect at any point, which confirms that there is no solution to this system of equations.Therefore, the answer is (D) No solution.
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Note: It is a mathematics question.
A gymnasium is 50m long and 30 m broad. A running track 2.5m wide runs all around it on the inside. Find the area of the track.
Area of track = 1500-1306.25 = 193.75. the required area of track is 193.75 square meter.
You plan to invest in one of the most profitable securities. The total of your investment is RM20,000. Given the below information.
State of the economy Probability of the states
Cash flow from the investment
Investment XY Investment ZZ
Economic recession 30% RM5,000 11,000
Moderate economic growth 40% RM12,000 12,000
Strong economic growth 30% RM19,000 13,000
a. From the data above, measure the return and risk of each investment. Which investment should be accepted? Justify your answer.
To measure the return and risk of each investment, we need to calculate the expected return and standard deviation for each investment.
Investment XY:
Expected return = (0.3 x 5000) + (0.4 x 12000) + (0.3 x 19000) = 11400
Standard deviation = sqrt(((0.3 x (5000-11400)^2) + (0.4 x (12000-11400)^2) + (0.3 x (19000-11400)^2))/2) = 4311.46
Investment ZZ:
Expected return = (0.3 x 11000) + (0.4 x 12000) + (0.3 x 13000) = 12000
Standard deviation = sqrt(((0.3 x (11000-12000)^2) + (0.4 x (12000-12000)^2) + (0.3 x (13000-12000)^2))/2) = 1000
Justification:
Investment ZZ has an expected return of RM12,000, which is higher than investment XY's expected return of RM11,400. Additionally, investment ZZ has a lower standard deviation of RM1,000 compared to investment XY's standard deviation of RM4,311.46. This means that investment ZZ is less risky than investment XY, making it a better investment choice.
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purchased goods of rs 40000 journal entries
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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What does it mean to become a master adaptive learner and why is this
important?
Answer:
Hi
Explanation:
A master adaptive learner is someone that uses an approach to self-regulated learning that leads to development. This is important because this can give you a growth mindset and motivation.
explain demand and supply of money
The money demand curve is downward sloping, i.e., the demand for holding money increases with decrease in interest rates. The short-term interest rate (i) is determined by the equilibrium of the supply and demand for money. If the interest rates are above the equilibrium, there is excess supply of money.
How do your habits differ from when you started this course?
When individuals start a course, their habits may differ from later stages. Over time, common changes in habits occur.
How habits may differFirstly, individuals may initially struggle with time management, finding it challenging to allocate sufficient hours for studying and completing tasks.
However, as the course progresses, they develop better time management skills and create structured study schedules. Secondly, at the beginning of the course, individuals may not have a well-established study routine.
As they advance, they often develop a consistent study routine that suits their learning style, helping them stay organized and focused. Lastly, individuals may initially feel excited and motivated about the course. However, as time goes on, they may face challenges or experience periods of lower motivation. Thus, it becomes important to develop strategies to maintain engagement and motivation throughout the course.
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What logistical decisions would you make to ship bread from a warehouse to a grocery store that is two. hours away?
Answer:
They would have to decide between weight or quality, the classic decision between quantity or quality!
Harrison Company calculated the following amounts concerning its financial information for the years ending December 31, 2017 and 2016: Current ratio Net Profit margin 2017 3.1 to 1 22% 2016 2.0 to 1 18% Required: SHOW YOUR WORKINGS 1- Examine Harrison's ratios. Is the change in the current ratio favorable or not? Explain your answer. (2 points) 2- Examine Harrison's ratios. Is the change in the net profit margin favorable or not? Explain your answer. (2 points)
The current ratio has increased from 2.0 to 1 in 2016 to 3.1 to 1 in 2017. A higher current ratio indicates that the company has more current assets available to pay off its current liabilities.
To determine whether the change in the current ratio is favorable or not, we need to compare the ratios for 2017 and 2016.
Current Ratio = Current Assets / Current Liabilities
2017 Current Ratio = 3.1 to 1
2016 Current Ratio = 2.0 to 1
This is generally seen as favorable, as it suggests that the company is in a better position to meet its short-term obligations. Therefore, the change in the current ratio is favorable for Harrison Company.
To determine whether the change in the net profit margin is favorable or not, we need to compare the ratios for 2017 and 2016.
Net Profit Margin = Net Profit / Total Revenue
2017 Net Profit Margin = 22%
2016 Net Profit Margin = 18%
The net profit margin has increased from 18% in 2016 to 22% in 2017. A higher net profit margin indicates that the company is generating more profit for each dollar of revenue it generates. This is generally seen as favorable, as it suggests that the company is more efficient in managing its costs and generating profit. Therefore, the change in the net profit margin is favorable for Harrison Company.
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Renta Corporation purchased equipment in 2019 for $180000 and has taken $83000 regular MACRS depreciation.Renta Corporation sells the equipment in 2021 for $110000. What is the amount and character of Rent's gain or loss?
The amount and character of Rent's gain or loss is: $13,000 ordinary gain
Based on the information given the corporation equipment gain will be subject to § 1245 depreciation recapture.
First step is to calculate the Adjusted basis
Adjusted basis=Cost-Depreciation
Adjusted basis=$180,000 − $83,000
Adjusted basis=$97,000
Second step is to calculate the gain
Ordinary gain = Selling price- Adjusted basis
Ordinary gain=$110,000 − $97,000
Ordinary gain=$13,000 gain
Inconclusion the amount and character of Rent's gain or loss is: $13,000 ordinary gain
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what is micro environment
Answer:
The factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.
Explanation:
Daris Corporation is authorized to issue 1,000,000 shares of $5 par value common stock
During 2018. its first year of operation, the company has the following stock transactions
per share
Jan 1 Paid the state RM2,000 for incorporation fees
Jan 15 Issued 500.000 shares of stock at RM7
Jan
30 Attorneys for the company accepted 500 shares of common stock as payment for
legal services rendered in helping the company incorporate. The legal services are
estimated to have a value of RM8.000
July 2 Issued 100,000 shares of stock for land. The land had an asking price of
RM900.000. The stock is currently selling on a national exchange at RMS per
share
Sept 5 Purchased 15,000 shares of common stock for the treasury at RM10 per share
Dec 6 Sold 11,000 shares of the treasury stock at RM11 per share
Required:
Journalize the transactions for Daris Corporation
Answer:
Daris Corporation
General Journal:
Jan. 1:
Debit Incorporation fees RM2,000
Credit Cash Account RM2,000
To record the payment of incorporation fees to the state.
Jan. 15:
Debit Issue of Shares RM3,500,000
Credit Common Stock RM3,500,000
To record issue of 500,000 shares at RM7 per share.
Jan. 30
Debit Legal Fees RM8,000
Credit Issue of Shares RM3,500
Credit Additional Paid-in Capital RM4,500
To record the issue of 500 shares to settle legals fees of RM8,000
July 2:
Debit Land RM900,000
Credit Issue of Share RM700,000
Credit Additional Paid-in Capital RM200,000
To record the issue of 100,000 shares of stock for land.
Sept. 5:
Debit Treasury Stock RM105,000
Debit Additional Paid-in Capital RM45,000
Credit Cash Account RM150,000
To record the repurchase of 15,000 shares of common stock at RM10 per share.
Dec. 6:
Debit Cash Account RM121,000
Credit Treasury Stock RM77,000
Credit Additional Paid-in Capital RM44,000
To record the resale of 11,000 shares of the treasury stock at RM11 per share.
Explanation:
The Additional Paid-in Capital (APIC) or sometimes referred to as Excess Capital over Par Value is an equity account where the above and below par value of the sale and repurchase of stock is recorded. This makes the Stock account to maintain a stable figure. This implies that the changes caused by above and below par value is taken care in this account. It also takes care of treasury stock above and below par value sale.
Treasury stock is a common stock contra account. It means that the value of the treasury stock reduces the value of the common stock. There are two methods for treating the above and below par value in treasury stock. One method is the costing method which records the changes in the treasury stock account. The other method is the par value method. With this method, only the par value of treasury stock is recorded in the account. The above and below par value changes are recorded in the Additional Paid-in Capital account.
Which option identifies the law represented in the following scenario?
Bauer comes out with a new hockey skate, and last year’s model sits on the shelves. The local hockey shop places last year’s model on sale for half price.
law of demand
law of diminishing marginal utility
law of supply and demand
law of supply
Answer:
A. law of demand
Explanation:
Joanna ran a red light and hit another car. No one was hurt, but there was
damage to both vehicles. Joanna has liability coverage, but she does not
have collision insurance. Joanna's insurance carrier will pay for the damage
to:
A. neither vehicle.
Ο Ο
B. Joanna's vehicle only.
C. the other driver's vehicle only.
O
O
D. both vehicles.
Because his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.
The liability coverage provided is this case is also called a Third party insurance because it provide compensation for liability arising from damage to other road users.
Hence, since his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.
Therefore, the Option C is correct.
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14. ABC is expected to pay GHS 500 dividend per share next year, and then sell for GHS2, 000 thereafter. If your discount rate is 28%, how much will you pay for a share today? Suppose dividend will increase by 10% per annum and you have a 4-year holding period in mind. How much will you pay, if the price is also expected to increase at 10% pa? (7 Marks)
XYZ Dividend Announcement [8 marks]
Shareholders of XYZ Company will be smiling all the way to the bank following an announcement of a dividend of 8 pesewas per share to all shareholders in respect of the 2014 financial year.
The announcement was made on March 1, 2015 and the dividend is expected to be approved by investors at the company's Annual General Meeting scheduled for March 27, 2015.
In this regard, members registered in the books of XYZ at the close of business on March 23, 2015 will qualify for the payment of the final dividend. The ex-dividend date has however been set as Friday, March 20, 2015. The final dividend will be paid on March 30, 2015. XYZ is presently trading at GHS 3.13 per share on the Ghana Stock Exchange.
a) Given that the GSE rules provide that all transactions on the floor of the exchange must go through the books of the firm by the close of business on the third working day following the transaction, what is the last date on which to buy the shares in other to receive the dividends announced?
b) What is the last day on which to sell your shares if you do not wish to receive these dividends?
c) If the equity of XYZ is worth GHS 313 million, how much will Esi receive if she owns 1% of the shares of XYZ?
d) What is XYZ’s dividend yield?
1a) The price I will pay for a share today in ABC is GHS 1,785.71.
1b) The price I will for a share today in ABC with a dividend growth rate of 10% is GHS 2,777.78.
2) XYZ Company:
2a) The last date on which to buy the shares of XYZ Company in order to receive the dividends announced is March 20, 2015.
2b) The last date on which to sell shares if you do not wish to receive dividends is March 20, 2015.
2c) The dividend received by Esi from XYZ Company is GHS 80,000.
2d) XYZ's dividend yield is 2.56%(GHS 0.08/GHS 3.13)
Data and Calculations:ABC Company:
Expected dividend per share next year = GHS 500
Selling price per share thereafter = GHS 2,000
Discount rate = 28%
1a. Price to pay = GHS 1,785.71 (GHS 500/28%)
1b. Dividend growth rate = 10%
Price to pay = GHS 2,777.78 (GHS 500 (28% -10%)
2) XYZ Company:Dividend per share declared = GHS 0.08
Dividend record date = March 23, 2015
Ex-dividend date = March 20, 2015
Dividend payment date = March 30, 2015
Present share price = GHS 3.13
2a) The last date to buy shares is March 20, 2015.
2b) The last date to sell shares is March 20, 2015.
2c) Equity value of XYZ = GHS 313 million
Outstanding shares = 100 million (GHS313 million/GHS 3.13)
Esi's shareholding = 1 million (100 million x 1%)
Dividend received by Esi = GHS 80,000 (1 million x GHS 0.08)
2d) XYZ's dividend yield is 2.56%(GHS 0.08/GHS 3.13)
= Dividend per share/Share Price
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Abbott Company purchased $8,500 of merchandise inventory on account. Abbott uses the perpetual inventory method. How does this transaction affect the financial statements?
This transaction will affect the financial statement by: Increase inventory and increase accounts payable.
Financial statement:Assuming the company purchased merchandise inventory on account of the amount of $8,500 using the perpetual inventory method the effect of the transaction on the financial statement is: Inventory will increase by $8,500 and accounts payable will increase by $8,500.
The company inventory will increase due to the purchase they made while the company accounts payable will increase because the company purchased the goods on credit which simply means that they are yet to pay their suppliers.
Inconclusion this transaction will affect the financial statement by: Increase inventory and increase accounts payable.
Learn more about financial statement here:https://brainly.com/question/24498019
1.14 When the wages per worker in the metal-working industry increases, the supply curve of
steel will shift to the right.
[1] True
[2] False
Answer:
false it will shift to the left
Standard costs are used in companies for a variety of reasons. Which of the following is NOT one of the benefits of using standard costs?
a. to indicate where changes in technology and machinery need to be made
b. to estimate the cost of inventory
c. to plan direct materials, direct labor, and variable factory overhead
d. to control costs
Answer:
a. to indicate where changes in technology and machinery need to be made.
Explanation:
Standard cost in business management refers to the amount of money a product is supposed to cost in manufacturing it. It is a management tool that can be used to measure efficiency in the level of output or production of goods and services at a specific period of time.
In Financial accounting, the difference between the actual cost of each unit of a product and its standard cost is referred to as variance. In order to determine the standard cost of a product, the expected quantity of the product is multiplied by an expected price.
Standard costs are used in companies for a variety of reasons such as;
1. Standard costs are used to estimate the cost of inventory.
2. Standard costs are used to plan direct materials, direct labor, and variable factory overhead.
3. Standard costs are used to control costs.
However, standard costs cannot be used to indicate where changes in technology and machinery need to be made rather an actual cost should be used.
Additionally, the standard cost of each unit of a product manufactured in a business firm is categorized into two (2) and these are;
1. Price standard.
2. Quantity standard.