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Answer:

Bond Price  = $951.9633746 rounded off to $951.96

Explanation:

To calculate the quote/price of the bond today, which is the present value of the bond, we will use the formula for the price of the bond. As the bond is an annual bond, we will use the annual coupon payment,  annual number of periods and annual YTM. The formula to calculate the price of the bonds today is attached.  

Coupon Payment (C) = 1000 * 10% = $100

Total periods remaining (n) = 3

r or YTM = 12%  

 Bond Price = 100 * [( 1 - (1+0.12)^-3) / 0.12]  + 1000 / (1+0.12)^3

Bond Price  = $951.9633746 rounded off to $951.96

Answer:

Debit Unearned Fees, $6,795; credit Fees Earned, $6,795.

Explanation:

Based on the information given the appropriate adjusting entry that should be recorded by Griffith Publishing Company on December 31 of the first year will be :

Debit Unearned Fees $6,795

Credit Fees Earned $6,795

[$27,180/36 months*9 months]

April 1 to December 31=9 months

Answer:

$2,025

Explanation:

The computation of the value of the ending inventory is shown below:

But before that first we have to calculate the ending inventory units which is

= Beginning inventory + first purchase units + second purchase units + third purchase units - sold units

= 10 units + 25 units + 30 units + 15 units - 50 units

= 30 units

Now the ending inventory is

= 15 units × $70 + 15 units × $65

= $1,050 + $975

= $2,025

Answer: $22,515.58

Explanation:

Based on the information given, the amount that'll be in the account at the end of the 10 years will be:

Present Value, PV = $20,000

Interest rate = 5% = 0.05

PMT = 800

nper = 10 years

Therefore, the future value will be solved in Excel by using the formula:

= FV(rate,nper,pmt,pv,type)

= FV(0.05,10,800,20000,0)

= $22,515.58

Therefore, the value in the account at the end of 10 years is $22,515.58

Answer:

48.65%

Explanation:

Given Income are written in increasing order

First Quintile        10,000  12,000

Second Quintile  16,000   18,000

Third Quintile      24,000  24,000

Fourth Quintile    36,000  50,000

Fifth Quintile        80,000  100,000

                                                           Total Income   % share

First Quintile        10,000  12,000         22,000           5.95

Second Quintile  16,000   18,000         34,000           9.19

Third Quintile      24,000  24,000         48,000          12.97

Fourth Quintile    36,000  50,000        86,000          23.24

Fifth Quintile        80,000  100,000      180,000         48.65

Total income in the economy              370,000         100%

The percentage of the total income of the highest quintile is 48.65%

Answer:

$405,000

Explanation:

Computation of total assets on balance sheet.

Fixed assets:

Building and equipment

$420,000

Less:

Accumulated depreciation

($110,000)

Net book value

$310,000

Total fixed assets $310,000

Current assets:

Cash

$13,000

Inventory

$44,000

Accounts receivable

$38,000

Total current assets $95,000

Therefore,

Total assets

= Total fixed assets + Total current assets

= $310,000 + $95,000

= $405,000

Answer:

gross domestic product of India

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP records the final good and services produced within a country's borders

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Answer:

Coefficient of Chaos and Coefficient of Exponential smoothing.

Explanation:

Coefficient of exponential smoothing is the measure to smoothly run the timeseries data without using moving average data. It helps the identification of relationship between dependent and independent variables. It is same as regression model technique which determines the extent of dependence of the two variables.

Answer:

product and trademark

Explanation:

These are the options for the question

business format

product and business format

product plus

business design

product and trademark

product and trademark

Product franchise can be regarded as franchising agreement in which manufacturers give a retailers access to distribute the products of the manufacturer using the trademark as well as names of the manufacturer. It is right given to to market a product using another person trade mark.

For, instance in the case whereby James Ryan has been a Budweiser Beer distributor for the past 20 years. Then James owns a product and trademark

franchise.

Answer:

$11,080

Explanation:

Calculation to determine what The net differential income from the lease alternative is

Using this formula

Equipment leased net differential income = Lease amount - Estimated expenses - Net sale of equipment

Let plug in the formula

Equipment leased net differential income= $47,000-$10,000-[$26,000-($26,000*8%)]

Equipment leased net differential income=$47,000-$10,000-($26,000-$2,080)

Equipment leased net differential income=$47,000-$12,000-$23,920

Equipment leased net differential income=$47,000-$35,920

Equipment leased net differential income=$11,080

Therefore The net differential income from the lease alternative is $11,080

Answer:

D. Time period when constraints are most likely to be variable

Explanation:

The long run period of a firm is when the factors of production such as land, labor , capital etc varies. In this period, a firm is flexible in its production decision due to the variability in the factors of production.

In the long run, a firm has time to build a bigger factory hence respond to changes in demand. Also, the price level(general), expectation, and contractual wages , all adjust to the prevailing economic condition in the long run period.

Answer:

D. Time period when constraints are most likely to be variable

Explanation:

The long run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas in the short run firms are only able to influence prices through adjustments made to production levels.

Answer:

b. slow industry growth.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

Generally, when rival business firms compete aggressively by trying to attract competitors' customers, this might be an indication of slow industry growth.

In conclusion, the various companies or business firms are experiencing a low level of sales of their goods and services. As a result, they engage in activities that would attract potential customers and by extension their competitors' customers.

Answer:

1- B. Expense will be $140,000 and liability will be $250,000

2- d. $250,000

3- d. $250,000

Explanation:

The expense will be $140,000 which is calculated by year 1 and year 2 percent filled. The calculation is as follows:

Year 2 liability : $1,000,000 * 25% = $250,000

Year 1 liability : $1,000,000 * 11% = $110,000

Year 2 expense = $140,000.

Answer:

Symbolic performance

Explanation:

The three types of performance of a product are:

1. Instrumental performance

2. Symbolic performance

3. Affective performance of a product

Instrumental performance

This simply talks about the physical functioning of the product.

Symbolic performance

This also is refered to as the aesthetic or image-enhancement performance of a product. it aim to enhance the consumers self-concept in the desired way. An example: earpods were symbolic of innovation but now even grandparents have them, therefore they don't enhance self-concept.

Affective performance

This is the emotional response that an individual derives or get when they own or are using a particular product or outlet.

Solution :

In the context, it is given that foreman in a construction company is responsible for the workers who are unskilled labors.

1. The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. But here in this case, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.

2. This may result into frauds to the company. If the segregation of the duties is not implemented, then the company is at risk. This is because a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. So this can result in a fraud if the foreman wants to do fraud. But distributing the work among two employee will reduce the risk of fraud as one employee many not be willing to do fraud.

Segregation of duties is an internal control designed to prevent error and fraud by ensuring that at least two individuals are responsible for checking and authorizing transactions.

The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. In the above scenario, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.

The above may bring about fraud in the company where segregation of the duties is not in place. This means that the company is at risk.

Reason is that a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. Hence, can result in a fraud if the foreman wants to engage in  fraud.

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Answer:

c. $30.50

Explanation:

As rightly said, the current stock price is the present value of a dividend in one year and the expected price at the end of the year discounted at the equity cost of capital which is 12% in this case

current share price=D1+P1/(1+cost of equity)^n

current share price=$30

D1=$3.10(dividend expected in one year)

P1=unknown(price in one year)

cost of equity=12%

n=investmet time horizon=1 year

$30=$3.10+P1/(1+12%)^1

$30*(1+12%)=$3.10+P1

$33.60=$3.10+P1

P1=$33.60-$3.10

P1=$30.50

Answer:

Indirect costs only

Explanation:

Overhead is defined as cost incurred by a business in running it's operations, it cannot be directly linked to a product in the manufacturing process.

These costs are incurred regardless of how successful a business is.

For example rent, tax, utilities, insurance, and maintenance of machinery are all overhead costs.

Since they do not contribute directly to the product they are referred to as indirect costs.

Answer:

A management decision may be beneficial for a given profit center, but not for the entire company. From the overall company viewpoint, this decision would lead to:

Sub-optimization.

Explanation:

Suboptimization describes a situation whereby changes effected in a unit of an organization improves the specific component without benefiting the whole organization.  It is a common policy mistake that management makes when it uses its success in a department or division to apply the same techniques in a different division without achieving similar results.  This implies that management may focus on one component of its organization and make improvements in that one component while the effects on the other components are ignored.  Simply, it means optimizing the results of a unit rather than the results of the whole organization.

Answer:

reduced employee turnover

Explanation:

Group cohesiveness occurs at the time when the bonds between the social group members to one another or the overall group are linked with each other. It can be in social relations, emotions, task relations, etc forms

Its advantage is that it decreased the turnover of the employees .Here the objective to accomplish the goal as a group rather than an individual

Therefore the above represent the answer

Answer:

1. B

2. C

3. C

4. B

5. A

6. B

7. A

8. C

9. B

Explanation:

1. B

2. B/C This is Expense for the inflows of the current month but this will be treated as an expense and charged in the current month.

3. C

4. B

5. A

6. B

7. A

8. B/C This is also expense for the current month causing inflows in the month, but will be treated as an expense in the current month.

9. B

Answer:

Gomez Corporation

Using the common-size percentages, the item that is most responsible for the decline in net income in the current year when compared with the prior year is:

Cost of goods sold.  It increased to 74% from 45% in prior year, an increase of about 100%.

Explanation:

a) Data and Calculations:

GOMEZ CORPORATION

Comparative Income Statements

For Years Ended December 31

                               Current Year  %         Prior Year      %

Sales                           770,000    100%     $635,000   100%

Cost of goods sold    568,100      74%        284,400    45%

Gross profit                201,900      26%       350,600    55%

Operating expenses 129,200       17%       262,400     41%

Net income                  72,700       9%          88,200     14%

Answer:

Crane Company

The net advantage of replacing the old machine is:

= $154,000

Explanation:

a) Data and Calculations:

                                       Old Machine      New Machine

Price                                  $200,000             $400,000

Accumulated Depreciation  60,000                      -0-

Remaining useful life          10 years                      -0-

Useful life                                  -0-                 10 years

Annual operating costs   $160,000              $120,000

Relevant costs:

                                                Old Machine      New Machine

Annual operating costs           $160,000             $120,000

Total annual operating costs 1,600,000            1,200,000 ($120,000 * 10)

Relevant cost Price                    140,000              400,000

Sales value of old machine                                    (14,000)

Total costs                            $1,740,000         $1,586,000

The net advantage of replacing the old machine is $154,000 ($1,740,000 - $1,586,000)

Answer:

total=1920,000

I Love The question

Answer:

C.) Alpha consumes more than Beta today, but it will grow slower than Beta.

Explanation:

In the case when the two countries i.e. Alpha and beta have the same kind of production probabilities so the outcome when the alpha  produced at point A while beta produced at point b is that the alpha consumers more than beta but the growth is slow as compared to beta because the beta is the point where there is a large capital but the less consumption. And, when there is a more capital goods so the growth if we compared with the alpha growth

Answer:

Preferred stock dividend in arrears = (12500 shares * $100 par * 6%) * 2 years

Preferred stock dividend in arrears = $150,000

Dividend paid this year = $350,000.

Dividend paid to Preferred stockholders = $150,000 in arrears + $75,000 current period = $225,000.

Dividend paid to Common Stockholders = $350,000 - $225,000 = $125,000.

Dividend per share of preferred stock = $225,000 / 12500 shares

Dividend per share of preferred stock = $18

Dividend per share of common stock = $125,000 / 25000 shares

Dividend per share of common stock = $5

A. benefits by stopping at this level of labor. Option A is correct.

The specialisation of duties and responsibilities within a production process is known as the division of labour. It has many advantages, including improved productivity and efficiency. Workers can become more skilled and proficient in their particular role by breaking down a complex task into smaller, more focused tasks, which leads to higher-quality output and quicker production times. Because mass production can reduce costs per unit, the division of labour also makes it easier to achieve economies of scale. Additionally, it enables more latitude in task distribution and workload modification. As workers concentrate on gaining expertise in their area of specialisation, it can also result in more innovation and specialisation. In general, the division of labour has led to significant advancements in modern industrial production.

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Answer:

$84,842,000

Explanation:

The book value is total assets less total liabilities

Book value = initial equity + equity issued + net income

$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000

Answer: 20%

Explanation:

The annual interest rate that John earned in this investment will be calculated thus:

At the annual interest rate, the money that's invested will be equal to the money that's earned. Therefore,

10000 = 2000/[1+20%]¹ + 29860/[1+20%]^7

10000 = 2000/(1+0.2)¹ + 29860/(1+0.2)^7

10000 = 1666.67 + 8333.33

10000 = 10000

Therefore, the annual interest rate John earned in this investment is 20%.

Answer:

Swifty Company

1. Sum-of-the-years'-digits method:

                                                            2020            2021  

Equipment                                     $6,120,000  $6,120,000

Less: Accumulated Depreciation      977,500    2,541,500

Year-End Book Value                   $5,143,500 $3,578,500

Depreciation Expense for the Year 977,500  $1,564,000

2. Double-declining balance method:

                                                              2020            2021  

Equipment                                       $6,120,000  $6,120,000

Less: Accumulated Depreciation     1,224,000     3,182,400

Year-End Book Value                    $4,896,000  $2,937,600

Depreciation Expense for the Year 1,224,000  $1,958,400

Straight-line Method:

3. The amount of depreciation expense for the 2022 income statement is:

= $2,170,250.

4. In 2022, the depreciation base of this asset is:

= $4,020,500

Explanation:

a) Data and Calculations:

July 1, 2020: Cost of snowmaking equipment = $6,120,000

Estimated salvage value of the equipment =          255,000

Depreciable amount of the equipment =           $5,865,000

Estimated useful life of the equipment = 5 years

Annual depreciation expense = $1,173,000 ($5,865,000/5)

Sum-of-the-Years'-Digits Method =15 (5+4+3+2+1)

Calculation of depreciation expense:

2020 = $977,500 (5/15 * $5,865,000)/2

2021 = $1,564,000 (4/15 * $5,865,000)

                                                            2020            2021  

Equipment                                     $6,120,000  $6,120,000

Less: Accumulated Depreciation      977,500    2,541,500

Year-End Book Value                   $5,143,500 $3,578,500

Depreciation Expense for the Year 977,500  $1,564,000  

Double-Declining Balance Method (100/5 * 2) = 40%

Calculation of depreciation expense:

2020 = $1,224,000 (40% * $6,120,000)/2

2021 = $1,958,400 (40% * $4,896,000)

                                                              2020            2021  

Equipment                                       $6,120,000  $6,120,000

Less: Accumulated Depreciation     1,224,000     3,182,400

Year-End Book Value                    $4,896,000  $2,937,600

Depreciation Expense for the Year 1,224,000  $1,958,400

Straight-line method:

Annual depreciation expense = $1,173,000

2020: Depreciation expense = $586,500

2021: Depreciation expense = $1,173,000

2022: Depreciable amount = $4,340,500 ($4,360,500 - $20,000)

Depreciation expense = $2,170,250 ($4,340,500/2)

                                                              2020            2021            2022  

Equipment                                       $6,120,000   $6,120,000   $6,120,000

Less: Accumulated Depreciation       586,500      1,759,500     3,929,750

Year-End Book Value                    $5,533,500  $4,360,500   $2,190,250

Depreciation Expense for the Year   586,500      1,173,000      2,170,250

Straight-line method:

Annual depreciation expense = $1,173,000

2020: Depreciation expense = $586,500

2021:

Depreciation expense = $1,173,000

Accumulated depreciation = $1,759,500 ($586,500 + $1,173,000)

Year-End Book Value          $4,360,500 ($6,120,000 - $1,759,500)

2022 Estimated Salvage Value = $340,000

2022: Depreciation basis = $4,020,500 ($4,360,500 - $340,000)

Depreciation expense = $2,010,250 ($4,020,500/2)

Answer:

A. Dr Investment in Skine Company common stock $98,000

Dr Accumulated depreciation $31,000

Dr Accounts payable $29,000

Cr Cash $27,000

Cr Accounts receivable $36,000

Cr Inventory $22,000

Cr Land $3,000

Cr Depreciable assets $70,000

B. Dr Cash $27,000

Dr Accounts receivable $36,000

Dr Inventory $22,000

Dr Land $3,000

Dr Depreciable assets $70,000

Cr Accumulated depreciation $31,000

Cr Accounts payable $29,000

Cr Common stock $46,200

Cr Additional paid-in capital $51,800

Explanation:

A.Preparation of the journal entry that Phoster recorded when it transferred the assets to Skine,

Dr Investment in Skine Company common stock $98,000

Dr Accumulated depreciation $31,000

($75,000-$44,000)

Dr Accounts payable $29,000

($40,000-$11,000)

Cr Cash $27,000

($50,000-$23,000)

Cr Accounts receivable $36,000

($76,000-$40,000)

Cr Inventory $22,000

($42,000-$20,000)

Cr Land $3,000

($25,000-$22,000)

Cr Depreciable assets $70,000

($180,000 $110,000)

(To record transfer of assets to Skine)

B. Preparation of the journal entry that Skine recorded for the receipt of assets and issuance of common stock to Phoster.

Dr Cash $27,000

($50,000-$23,000)

Dr Accounts receivable $36,000

($76,000-$40,000)

Dr Inventory $22,000

($42,000-$20,000)

Dr Land $3,000

($25,000-$22,000)

Dr Depreciable assets $70,000

($180,000 $110,000)

Cr Accumulated depreciation $31,000

($75,000-$44,000)

Cr Accounts payable $29,000

($40,000-$11,000)

Cr Common stock $46,200

(4,200 shares*$11 par value)

Cr Additional paid-in capital $51,800

($27,000+$36,000+$22,000+$3,000+$70,000-$31,000-$29,000-$46,200)

(To record the receipt of assets and issuance of common stock to Phoster)

Journal entries  to record transfer of asset and account receivables by Phoster Corporation to Skine Company

Account titles                                                        Debit         Credit

Investment in Skine company common stock   $98000  

Accumulated depreciation                                  $31000

Accounts payable                                                $29000  

    Cash                                                                                   $27000

    Accounts receivable                                                         $36000

    Inventory                                                                            $22000

    Land                                                                                    $3000

    Depreciable assets                                                            $70000

Journal entries  to record receipt of asset and account receivables by Skine Company to Phoster Corporation.

Account titles                                                        Debit         Credit

Cash                                                                      $27000  

Accounts receivable                                            $36000  

inventory                                                               $22000

Land                                                                       $3000  

Depreciable assets                                               $70000

Accumulated depreciation                                                        $31000

Accounts payable                                                                      $29000

Common stock (4200*11)                                                           $46200

Additional paid in capital (98000-46200)                                $51800

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