Answer:
Dr Bonds Payable $500,000
Dr Premium on Bonds Payable $8,000
Cr Gain on Bond Redemption $28,000
Cr Cash $480,000
Explanation:
Preparation of the journal entry to record the redemption of the bonds.
Dr Bonds Payable $500,000
Dr Premium on Bonds Payable $8,000
($508,000-$500,000)
Cr Gain on Bond Redemption $28,000
($500,000+$8,000-$480,000)
Cr Cash $480,000
($500,000 × 96%)
(To record the redemption bonds)
Eve shops at Mrs. G's Grocery because it is located right near her place of work. Although Mrs. G's prices are higher than Walmart's, Eve is willing to pay more because she can easily pick up groceries on her way home from work. The convenience Eve received was well worth the extra money; this is an example of _______.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Value.
b) Hedonic value.
c) Utilitarian value.
d) Perceived value.
And the correct answer is the option D: Perceived value.
Explanation:
To begin with, in the field of marketing the term known as "Perceived Value" refers to the type of value that the customer receives when comparing the product of the company with those of the competitors and seeing that he or she is willing to pay more for that product because of what the customer receives in exchange of it. In this case, Eve is willing to pay extra money due to the fact that she sees the convenience of close by store that allows her to not waste time and buy fast so that is a well example of perceived value.
The convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
In marketing, a Perceived Value refers to the type of value that the customer receives when comparing the product of the company with those of the competitors.
Hence, the convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
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Coronado Industries has the following costs when producing 100000 units: Variable costs $600000 Fixed costs 900000 An outside supplier has offered to make the item at $4.50 a unit. If the decision is made to purchase the item outside, current production facilities could be leased to another company for $178000. The net increase (decrease) in the net income of accepting the supplier’s offer is
Answer:
Particulars Amount
Saving in variable costs $600,000
Add: Income from lease $178,000
Less: Purchase price (100000*$4.50) ($450,000)
Increase (Decrease) in net income $328,000
Thus, net income would increase by $628,000.
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Compute the division's return on investment:
Answer:
17.30%
Explanation:
The computation of the return on investment is shown below
But before that the net income is
Sales $5,375,000
Less: COGS -$3,225,000
Less: Operating Expenses -$1,147,000
Net Income $1,003,000
Now
Return on Investment is
= Net Income × 100 ÷ Average Assets
= $1,003,000 × 100 ÷ $5,800,000
= 17.30%
Alyssa finds a job description for an interesting retail position. The job description indicates exactly what department of the store she would be responsible for and what her duties would be. The ad describes good opportunities for advancement within the retail area, so she could become the managing retail director for her department. However, she would not be able to move into finance or production. This is an example of which organizational strategy?
Answer:
Work specialization
Explanation:
From the question, we are informed about Alyssa who finds a job description for an interesting retail position. The job description indicates exactly what department of the store she would be responsible for and what her duties would be. The ad describes good opportunities for advancement within the retail area, so she could become the managing retail director for her department. However, she would not be able to move into finance or production. This is an example of Work specialization organizational strategy. Work specialization can as well be regarded as division of labor, it can be explained as the degree to which individual tasks is divided into separate jobs by an organization.The advantages of work specialization is that it helps Employees to become
expert to some extent of degree as regards their specific task, another one is Higher levels of productivity.
An economic transaction in which one party trades a good or service for another good or services is called barter. comparative advantage. absolute advantage. a production possibility.
Answer:
barter
Explanation:
Barter can be regarded as act of trading goods/services involving two or more parties whereby a party provide a goods/services in return for goo/service provided to him/her by another party. It involves system of exchange without using money which means no monetary medium involve. It should be noted that An economic transaction in which one party trades a good or service for another good or services is called barter
Which of the following statements is not correct? Multiple Choice After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance. Reversing entries are made to reverse the effect of certain adjustments. Reversing entries provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period. A reversing entry is the exact opposite (the reverse) of the adjustment.
Answer:
A)After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance
Explanation:
Reversing entry can be regarded as
a journal entry which is been made during an accounting period, it
reverses selected entries that is been made during immediately preceding period. reversing entry typically take placeat the beginning of particular accounting period.
It should be noted thatReversing entries are;
1) made to reverse the effect of certain adjustments.
2) provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.
3)is the exact opposite (the reverse) of the adjustment.
A company's sales in Year 1 were $440,000 and in Year 2 were $477,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Julie evaluated her spending and found that she was spending about $75 more per month on transportation than she has bodgeted She can transfer money from other categories to increase transportation budget to $250 per month If her total monthly income S1,900 , to the nearest percent, what percent of her monthly income will be budgeted for transportation
Answer:
Julie
The percent of her monthly income that will be budgeted for transportation is:
= 13%.
Explanation:
a) Data and Calculations:
Amount budgeted for transportation = $175
Amount being spent on transportation = $250
Total monthly income = $1,900
Percentage of monthly income that will be budgeted for transportation = $250/$1,900 * 100
= 13.16%
= 13.2%
= 13%
Percentage of monthly income earlier budgeted for transportation = 9% ($175/$1,900 * 100)
The additional spending on transportation represents 4% ($75/$1,900 * 100)
New percentage spending on transportation = 13% (9% + 4%)
Company FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fixed costs of $20,000 to produce the product. Also, we know that the variable costs per unit will be $36, and the price per unit will be $58. The required return is 10%. Please calculate the financial break-even quantity for this project. (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
Answer:
909.09
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
$20,000 / 58 - 36 = 909.09
Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this
Answer: personal
Explanation:
Based on the information given with regards to the question, this is a personal defense. A personal defense occurs when there's a breach of contract whereby there was issuing of the negotiable instrument.
In this case, Marissa writes the check to Cash but Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift
The Purpose or objectives of Competition Policy
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Deazia is the sole proprietor of Baldwin Hair Salon that reported net income of $44,000 for the year. During the year she withdrew $20,000 from the business for personal use. How much income from the above must Deazia include in her gross income for the year
Answer:
$44,000
Explanation:
Based on the given information we were told that the sole proprietor reported NET INCOME of the amount of $44,000 for the year which means that the amount of income from the above that Deazia must include in her GROSS INCOME for the year will be the reported NET INCOME amount of $44,000.
What everyday example can you find that is similar to the initial process of obtaining stock borrow when trying to short sell and how
At its present level of operations, a small manufacturing firm has total variable costs equal to 75 percent of sales and total fixed costs equal to 15 percent of sales. Based on variable costing, of sales change by $1.00, income will change by
Answer:
$0.25
Explanation:
The change in operating income as a result of the change in sales by $1.00 is equivalent to the additional contribution margin, computed as follow;
Additional sales
$1
Less:
Additional Variable costs ($1 × 75%)
($0.75)
Increase in operating income
$0.25
The amount left over after subtracting variable costs is the contribution margin.
Here, the total fixed cost remains unchanged hence will not be affected due to increase in sales. The fixed costs remains at 15% of sales at the present level of operations. The fixed costs as a percentage of sales will be some value less than 15% after the $1.00 increase in sales value.
The amount of the change in the operating income if sales change by $1 is $0.10.
First step is to calculate the total cost
Total cost= (Total variable costs × Sales) + (Total fixed costs × Sales)
Total cost=(75%×$1.00) + (15%×$1.00)
Total cost=$0.75+$0.15
Total cost=$0.90
Second step is to calculate the change in operating income
Change in operating income = Sales - Total cost
Change in operating income =$1.00-$0.90
Change in operating income =$0.10
Inconclusion the amount of the change in the operating income if sales change by $1 is $0.10.
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You bought 200 shares of Dr Pepper Snapple Group at $70.67 per share, 100 shares of Home Depot at $111.72 per share, and 50 shares of Tesla Motors at $235.11 per share one year ago. Suppose that the financial data from the same period indicate that Dr Pepper Snapple Group, Inc. stock has a beta of -0.11, Home Depot, Inc. stock has a beta of 1.21, and Tesla Motors, Inc. stock has a beta of 1.4. The risk-free interest rate is 2% and the market risk premium is 6.7%. What is the beta of the portfolio?
A)1.9550
B)1.0935
C)0.7668
D)0.4828
E)0.8307
Answer:
d
Explanation:
Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors
The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio
weighted beta of a stock = percentage of the stock in the portfolio x beta of the stock
weighted beta of Dr Pepper Snapple Group stock = (200 / 350) x -0.11 = -0.062857.
weighted beta of Home Depot shares = (100/350) x 1.21 = 0.345714
weighted beta of Tesla Motors shares= (50/350) x 1.4 = 0.2
0.2 + 0.345714 -0.062857. = 0.4828
Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 325,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations.
Answer: $5,809,375
Explanation:
The outstanding debt will be calculated thus:
Firstly, we'll calculate the total equity which will be:
= Shares outstanding × Book value per share
= 325000 × $22.75
= $7,393,750
Total assets = Total equity/(1 - Debt ratio) = $7,393,750/(1 - 44%)
= $13,203,125
Total Debt will now be:
= Total assets - Total equity
= $13,203,125 - $7,393,750
= $5,809,375
Therefore, Outstanding debt is $5,809,375.
Migration from Europe to the United States during 1870-1913 did the following to the factor prices in the U.S. It increased the rewards of labor and land. It increased the reward of labor and reduced the reward of land. It increased the reward of land and reduced the reward of labor. It reduced the rewards of land and labor. The migration of Indian origin workers from Fiji to Australia in the 1980s did which of the following?
a) It increased the wage in Australia
b) It reduced the wage in Fiji
c) It increased the schooling of workers left behind in Fiji
d) It increased the rent of land in Fiji
Answer:
It increased the reward of land and reduced the reward of labour.
c
Explanation:
Migration can be described as the movement from one country or region to another country or region.
Migration of labour from Europe to the United States would increase the supply of labour in the United States and reduce the supply of labour in Europe.
As a result of the increase in supply of labour , there would be a decrease in the wages paid to labour.
Also, due to increase in labour in the US, the demand for land would increase. Land would be needed for either economic activities or housing. the increase in demand for land which would outstrip the supply for land would lead to an increase in the price of land
As a result of the migration of labour from Fiji to Australia ,
the rent of land in Fiji would fall due to decreased demandthe wages paid to labour in Australia would fall due to an increase in the supply of labour the wages paid in Fiji would increase because there would be a fall in the supply of labourConsider two firms producing smartphones. Firm A uses a highly automated robotics process, while Firm B uses human workers on an assembly line and pays overtime when there is heavy production demand. Firm A and B have a similar amount of financial leverage. Which firm will have a higher beta
Answer:
The firm that will have a higher beta is:
Firm B.
Explanation:
The question here is which firm is more volatile. Since they have a similar amount of financial leverage, Firm B which uses more human workers on its assembly line and pays overtime will appear to be more volatile than Firm A with a highly automated robotics process. Firm B faces risks of labor strikes and other vagaries associated with the use of more labor than the market.
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Answer:
$591.50
Explanation:
5% of $6000 is $300
6% of $2000 is $120
Money left to account for is $10450-$8000 which is $2450
7% of $2450 is $171.50
So on $10450 of sales, Triq makes $591.50 in commission.
Taylor owns a boutique and needed to compute her inventory of all the scarves and jackets. She had 35 scarves on the floor and five in the storeroom. She had 15 jackets on the floor and eight more in the storeroom. Sally purchased each scarf for $28 and each jacket for $95. The weighted average unit cost of scarves and jackets being sold is:________
a. $54.63
b. $61.50
c. $48.70
d. $52.46
Answer:
d. $52.46
Explanation:
The computation of the weighted average unit cost of scarves and jackets being sold is shown below:
Taylor Scarves Jacket Total Note
Floor 35.00 15.00
Storeroom 5.00 8.00
Total 40.00 23.00 63.00 A
Purchase price $28.00 $95.00 B
Purchase cost $1,120.00 $2,185.00 $3,305.00 C = (A × B)
Weighted average unit cost $52.46 (C ÷ A)
hence, the option d is correct
The costs and revenues associated with two alternatives are listed below: Alternative 1 Alternative 2 Projected revenue $ 100,000 $ 125,000 Unit-level costs 20,000 30,000 Batch-level costs 20,000 25,000 Product-level costs 15,000 15,000 Facility-level costs 10,000 10,000 Which alternative should be selected based on this information
Answer:
Alternative 2
Explanation:
Calculation to determine Which alternative should be selected based on this information
Item Alt. 1 Alt. 2
Alt. 1 Alt. 2
Projected revenue $100,000 $125,000
Unit-level costs (20,000) (30,000)
Batch-level costs (20,000) (25,000)
Product-level costs (15,000) (15,000)
Facility-level costs (10,000) (10,000)
Profit $ 35,000 $ 45,000
Thereforer Based on the above calculation the alternative that should be selected based on this information will be ALTERNATIVE 2 because it has a higher profit of the amount of $45,000
In the fall of 2008, AIG, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. As a result, the U.S. government stepped in to support AIG with large capital injections and an ownership stake. How would this affect, if at all, the yield and risk premium on AIG corporate debt before and after U.S. Government support
• Initially default risk increases, yield increases, price of AIG decreases
• After government intervention, default decreases, yield decreases, price of AIG increases
10% of the facility and increase the overall costs of maintaining the space by 11%. If the incremental method were used, what amount of cost would be allocated to the start-up business
Answer:
the cost that allocated to the start up business is $61,600
Explanation:
The computation of the amount of the cost that allocated to the start up business is given below:
= Manufacturing facility costing × maintaining the overall cost percentage
= $560,000 × 0.11
= $61,600
Hence, the cost that allocated to the start up business is $61,600
We simply applied the above formula so that the amount could come
Operations Excellence (OE), Inc. has two production departments: Mixing and Packaging. Mixing DepartmentPackaging DepartmentWarehouseOE manufactures two products: Compound H and Compound L. Compound H is a high-end product that requires more expensive materials than Compound L and is produced at smaller volume. The two products go through the two production departments in essentially the same conversion processes. There is no work-in-process inventory for either product. OE uses an operation costing system that assigns materials cost to the specific product for which the underlying materials are used and assigns conversion costs to all products evenly as each product undergoes the same process in each production department. The production and cost data are available for July:Compound HCompound LTotal2,500 Units4,800 UnitsMaterials: Mixing$220,000$100,000$120,000 Packaging 75,900 37,500 38,400Total materials cost$295,900$137,500$158,400Conversion: Mixing$219,000 Packaging 131,400Total conversion cost$350,400Required: Determine the unit cost for Compound H and Compound L.
Answer:
Operations Excellence (OE)
The unit cost for Compound H and Compound L respectively is:
Compound H Compound L
Unit cost of production $103 $81
Explanation:
Production and cost data are available for July:
Total Compound H Compound L
Production units 7,300 2,500 4,800
Materials:
Mixing $220,000 $100,000 $120,000
Packaging 75,900 37,500 38,400
Total materials cost $295,900 $137,500 $158,400
Conversion:
Mixing $219,000
Packaging 131,400
Total conversion cost$350,400
Assigned conversion cost per unit = $48
Assignment of conversion costs: 120,000 230,400 (4,800 * $48)
Total production costs $646,300 $257,500 $388,800
Units produced 7,300 2,500 4,800
Unit cost $103 $81
On November 12, 2013, Berube Co. repurchased 10,000 shares of its own stock at a price of $20 per share. Berube had originally issued the stock in 2010 at a price of $15 per share.Which of the following items would be decreased by the stock repurchase transaction? (check all that apply)a. Total Shareholders Equity.b. Total Assets.c. Cash from Financing Activities.d. Total Liabilities.e. Accumulated Other Comprehensive Income.
Answer:
Berube Co.
The items that would be decreased by the stock repurchase transaction are:
b. Total Assets.
c. Cash from Financing Activities.
Explanation:
a) Data and Calculations:
November 12, 2013: Repurchase of 10,000 shares at a price of $20 per share = $200,000 (10,000 * $20)
b) The treasury stock repurchase decreases the cash from financing activities by $200,000. This also reduces the Total Assets in the form of cash used in the repurchase. The opposite becomes the case when treasury stock is sold. Cash from financing activities is increased just as the Total Assets are increased.
If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would be: Group of answer choices
Answer:
O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.
Explanation:
Here is the complete question :
If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would be:
O a $57.2 increase in excess reserves and a $382.8 increase in required reserves.
O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.
O a $57.2 increase in required reserves and a $2,944.6 increase in excess reserves.
O a $440 increase in required reserves and a $2.944.6 increase in excess reserves.
Reserves is the total amount of a bank's deposit that is not given out as loans
There are two types of reserves
Required reserveExcess reserveRequired reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.13 x $440 = $57.20
Excess reserves is the difference between reserves and required reserves
$440 - $57.20 = $382.80
2019 2018 2017 2016 2015 Sales $ 512,623 $ 332,872 $ 260,056 $ 191,218 $ 142,700 Cost of goods sold 253,785 164,657 130,427 95,547 69,923 Accounts receivable 24,760 19,473 17,814 11,186 9,732 Compute trend percents for the above accounts, using 2015 as the base year.
Answer:
Please find the complete solution in the attached file.
Explanation:
_________ are for profit organizations that exist primarily to provide customers with consumer credit, including the financing of automobiles and the purchase of durable goods
Answer: Finance companies
Explanation:
Finance company, refers to specialized financial institution that provides credit in order to buy consumer goods and also grant small loans to their consumers. They're different from the commercial banks as they do not accept deposit.
Finance companies can also borrow money from the commercial banks or the Federal Reserve System at a low interest rate and will then lend the monwy out at a higher interest rate.
Crane Company provided the following information on selected transactions during 2021: Purchase of land by issuing bonds $950000 Proceeds from issuing bonds 3020000 Purchases of inventory 3870000 Purchases of treasury stock 609000 Loans made to affiliated corporations 1400000 Dividends paid to preferred stockholders 408000 Proceeds from issuing preferred stock 1670000 Proceeds from sale of equipment 296000 The net cash provided (used) by investing activities during 2021 is $(4566000). $(1104000). $296000. $(2054000).
Answer:
$296,000
Explanation:
Consider cash movement in purchase and sale of capital assets only.
Cash flow from investing activities :
Proceeds from sale of equipment $296000
Net Cash Provided by investing activities $296000
therefore,
The net cash provided by investing activities during 2021 is $296000.
marie's magic shoppe provides the following information about its single product targeted opertating income selling price per unit variable costs per unit total fixed costs what is the contribution margin ratio
Answer:
44 %
Explanation:
Hi your question is incomplete, I have searched for the full question online and I have attached it as an image below.
Contribution margin ratio = Contribution / Sales x 100
where
Contribution = Sales - Variable Costs
= $21.58 - $12.00
= $9.58
therefore,
Contribution margin ratio = $9.58 / $21.58 x 100
= 44.39 %