in 2020, mr. dale paid $61,500 for 4,100 shares of gkl mutual fund and elected to reinvest his year-end dividends in additional shares. in 2020 and 2021, he received form 1099s reporting the following: dividends reinvested shares purchased price per share total shares owned 2020 $5,945 359 $16.560 4,459 2021 6,689 370 18.078 4,829 assume the taxable year is 2022. required: if mr. dale sells his 4,829 shares for $19 per share, compute his recognized gain. if he sells only 1,450 shares for $19 per share and uses the fifo method to determine basis, compute his recognized gain. if he sells only 1,450 shares for $19 per share and uses the average basis method, compute his recognized gain.

Answers

Answer 1

a. The recognized gain when selling all 4,052 shares for $18 per share is $14,085.912.

b. The recognized gain when selling 800 shares for $18 per share using the FIFO method is a loss of $39,182.60.

c. The recognized gain when selling 800 shares for $18 per share.

a. To calculate Mr. Dale's recognized gain when selling all 4,052 shares for $18 per share, we need to determine his basis in these shares. Mr. Dale initially purchased 3,400 shares for $47,600 in 2017 and received dividends that were reinvested in additional shares.

Total shares purchased in 2017: 3,400 shares + 312 shares = 3,712 shares

Total shares owned in 2019: 4,052 shares

To calculate the basis, we need to consider the cost of the shares purchased in 2017 and the reinvested dividends:

Cost of shares purchased in 2017: 3,400 shares * $15.769 per share = $53,582.60

Cost of shares purchased with reinvested dividends: 312 shares * $17.274 per share = $5,387.488

Total basis in the shares: $53,582.60 + $5,387.488 = $58,970.088

The recognized gain when selling all 4,052 shares for $18 per share is calculated as follows:

Total selling price: 4,052 shares * $18 per share = $73,056

Recognized gain: $73,056 - $58,970.088 = $14,085.912

b. If Mr. Dale sells only 800 shares using the FIFO method, we need to determine the basis of the shares sold based on the order they were acquired. In this case, the first shares purchased in 2017 are considered sold first.

The basis of the 800 shares sold using the FIFO method would be calculated as follows:

Cost of 3,400 shares purchased in 2017: 3,400 shares * $15.769 per share = $53,582.60

The recognized gain when selling 800 shares for $18 per share using the FIFO method is calculated as follows:

Total selling price: 800 shares * $18 per share = $14,400

Basis of the 800 shares: $14,400

Recognized gain: $14,400 - $53,582.60 = -$39,182.60 (negative value indicates a loss)

c. If Mr. Dale sells only 800 shares using the average basis method, we need to calculate the average basis per share based on the total shares owned.

The average basis per share is calculated as follows:

Total cost of shares purchased: $53,582.60 + $5,387.488 = $58,970.088

Total shares owned: 4,052 shares

Average basis per share: $58,970.088 / 4,052 shares = $14.550668 per share

The recognized gain when selling 800 shares for $18 per share using the average basis method is calculated as follows:

Total selling price: 800 shares * $18 per share = $14,400

Total basis of the 800 shares: 800 shares * $14.550668 per share = $11,640.53

Recognized gain: $14,400 - $11,640.53 = $2,759.47

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The complete question is:

In 2020, mr. dale paid $61,500 for 4,100 shares of gkl mutual fund and elected to reinvest his year-end dividends in additional shares. in 2020 and 2021, he received form 1099s reporting the following: dividends reinvested shares purchased price per share total shares owned 2020 $5,945 359 $16.560 4,459 2021 6,689 370 18.078 4,829 assume the taxable year is 2022.

a. Assume the taxable year is 2019. If Mr. Dale sells his 4,052 shares for $18 per share, compute his recognized gain.

b. Assume the taxable year is 2019. If he sells only 800 shares for $18 per share and uses the FIFO method to determine basis, compute his recognized gain.

c. Assume the taxable year is 2019. If he sells only 800 shares for $18 per share and uses the average basis method, compute his recognized gain.


Related Questions

Question 4 Which pair of nations is currently subject to a US embargo? Israel and Cuba Israel and Russia O Iran and Russia Russia and Poland

Answers

The pair of nations that are currently subject to a US embargo are Cuba and Iran. In around 1960, the United States of America imposed a trade embargo on Cuba.

It began as a set of economic sanctions which were enforced by the US with the intention to compel Cuba to adopt a more democratic form of government.However, the Cuba government refused and formed a one-party state instead, allying with the Soviet Union.

Since then, this relationship with Cuba has strained and impacted American foreign policy decisions regarding Cuba. Iran, on the other hand, has been facing US sanctions since 1979 when the American embassy in Tehran was seized by Islamist students. The United States accuses Iran of pursuing nuclear weapons and has been pressuring Iran to stop its uranium enrichment program.

The US embargo includes prohibitions on imports from and exports to Iran, investment in Iran, trade in services, and travel. These sanctions have badly affected Iran's economy by making it hard for them to get access to key goods and services from the US. Overall, the current trade embargo has significantly impacted the economies of both Cuba and Iran.

 Therefore, the correct answer is option C: Cuba and Iran.

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TRUE / FALSE. "II. Write "TRUE or"FALSE". (1 point for each, 10 points in
total)
1. Payment from negotiating bank under a L/C is final and
cannot be reclaimed. 2. If a credit is subject to UCP 600 and
doesn't"

Answers

The statement "Payment from negotiating bank under a L/C is final and cannot be reclaimed" is generally true when a credit is subject to UCP 600 and doesn't have any discrepancies.

What is a letter of credit (L/C)?

A Letter of Credit (L/C) is a letter or document that ensures the payment of a specified sum of money to a beneficiary. A letter of credit can be used for international transactions, and it reduces the risks involved in the transaction for both the buyer and the seller.

The buyer's bank issues a letter of credit, which assures the seller that the agreed-upon amount will be paid on time and in full. The seller will then ship the goods to the buyer. The bank that issued the letter of credit guarantees the payment of the agreed-upon amount if the seller meets the agreed-upon terms.

However, if there are discrepancies between the terms and the documentation provided by the seller, the bank may refuse to pay and return the documents.

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What are some of the pros and cons of expansions and
contractions in production in a country when it opens up to
trade.

Answers

The affect of developments and compressions in generation will depend on different components, such as the country's financial structure, arrangements, and capacity to adjust to unused exchange openings.

Here are the following components given-

pros to expansion in production

Expanded financial development: Extending generation in reaction to exchange openings can fortify financial development. With expanded exchange, there's a potential for higher requests, driving to expanded generation, work creation, and moving forward living guidelines.Improved competitiveness: Exchange can uncover residential businesses to competition from outside makers. Extending generation permits residential firms to end up more competitive by moving forward in productivity, development, and product quality. This could lead to expanded efficiency and a more grounded position within worldwide advertising.Access to new markets: Growing generation permits a nation to meet the request of outside markets. By expanding trades, household makers can get to modern clients and broaden their income sources, possibly driving to higher benefits and financial solidness. 

Cons of expansion of production

Disruption of domestic industries: Fast developments in generation may disturb existing household businesses. In the event that outside makers surge the advertising with lower-priced products, it can lead to the decrease or closure of household businesses that are incapable to compete. This will result in work misfortunes and financial hardships for influenced communities.Environmental concerns: Growing generation can lead to expanded asset extraction, energy utilization, and squandering era. This may have negative natural results such as contamination, deforestation, and nursery gas emanations. It is basic to guarantee that generation development is carried out economically and with legitimate natural controls. 

Pros of contractions in production

Focus on comparative advantage: When a nation opens up to exchange, it can specialize in businesses where it includes a comparative advantage. By contracting generation in less competitive segments, assets can be diverted to more productive businesses, maximizing general efficiency and financial development.Cost savings and efficiency gains: Contracting generation in certain segments can lead to fetched reserve funds and productivity picks up. If a specific industry is incapable to compete all-inclusive, reallocating assets to more profitable segments can offer assistance to move forward the country's general financial execution. 

Cons of contractions in production

Job losses and unemployment: Compression in generation can result in work misfortunes, particularly in businesses that are less competitive within worldwide advertising. Uprooted specialists may confront challenges in finding elective business, driving to expanded unemployment rates and social challenges.Social and regional disparities: Compression in generations can worsen social and territorial disparities. Regions intensely dependent on the declining businesses may endure decreased financial openings and decay in living measures, whereas districts profiting from growing divisions encounter development and success. 

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Provide the journal entry as well the answer to the question 1. Laura and Sally are partners who share profits 60% and 40%. Their capital balances were both $60,000 before Karen was admitted to the partnership. Karen paid $70,000 each to Laura and Sally for purchase of a 25% interest in the partnership. After her admission to the partnership, 5 m Karen will have a capital balance of $ ____
2. Rick, Sam, and Yeshiv are partners who share profits 50 %, 25%, and 25%. Their capital balances were $78,000, $52,000, and $30,000, respectively, before Yeshiv's retirement. Rick and Sam each paid Yeshiv $20,000 from their personal assets to buy half his interest. After Yeshiv has withdrawn, 5 m Rick will have a capital balance of $ _____
3. Matt, Nick, and Scott are partners who share profits 30%, 30 %, and 40%. Their capital balances were $105,000, $70,000, and $35,000, respectively, before Scott's retirement. Scott was paid $55,000 from partnership assets to buy his interest. After Scott has withdrawn, 5m Matt will have a capital balance of $ _____

Answers

1. Journal entry:  Cash account is debited for $140,000
Laura's account is credited for $42,000
Sally's account is credited for $28,000
Karen's account is credited for $70,000
Explanation:
Karen is purchasing 25% of the partnership. Since the capital balances of Laura and Sally were both $60,000, Karen has to pay a total of $120,000 (25% of $480,000). Karen will pay $70,000 to Laura and Sally. This implies that Karen will only be credited with $70,000 instead of $120,000, since she is giving $70,000 to Laura and Sally.
Karen will have a capital balance of $50,000 ($70,000 - $20,000)

2. Journal entry: Cash account is debited for $40,000
Yeshiv's account is credited for $20,000
Rick's account is credited for $10,000
Sam's account is credited for $10,000
Explanation: Yeshiv is selling half of his interest to Rick and Sam for $40,000 (half of $80,000). Rick and Sam will each pay Yeshiv $20,000, which will decrease their capital balances.
Rick will have a capital balance of $68,000 ($78,000 - $10,000)


3. Journal entry: Scott's account is debited for $55,000
Cash account is credited for $55,000
Explanation: Scott's retirement payment of $55,000 is paid from the partnership's assets.
Matt will have a capital balance of $140,000 ($105,000 + $35,000) - $55,000 = $85,000

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On December 31 of the current year, State Construction Inc. signs a contract with the state of West Virginia Department of Transportation to manufacture a bridge over the New River. State Construction anticipates the construction will take three years.

The company’s accountants provide the following contract details relating to the project:

Contract price $624 million
Estimated construction costs $480 million
Estimated total profit $144 million
During the three-year construction period, State Construction incurred costs as follows:

Year 1 $48 million
Year 2 $288 million
Year 3 $144 million
State Construction uses the cost-to-cost method to recognize revenue.
Which of the following represent the revenue recognized in Year 1, Year 2, and Year 3?
Select one:

a. $62 million, $312 million, $250 million

b. $62 million, $374 million, $187 million

c. $0 million, $0 million, $624 million

d. $60 million, $376 million, $188 million

e. None of these are correct.

Answers

The revenue recognized in Year 1 is $62 million, in Year 2 is $312 million, and in Year 3 is $250 million.

Option (a) is correct.

To determine the revenue recognized each year using the cost-to-cost method, we need to calculate the percentage of completion for each year.

The total estimated construction costs are $480 million, and the actual costs incurred each year are given as follows:

Year 1: $48 million

Year 2: $288 million

Year 3: $144 million

Calculating the percentage of completion for each year:

Year 1: $48 million / $480 million = 10%

Year 2: ($48 million + $288 million) / $480 million = 75%

Year 3: ($48 million + $288 million + $144 million) / $480 million = 95%

Now, we can calculate the revenue recognized each year by applying the percentage of completion to the contract price:

Year 1: 10% * $624 million = $62 million

Year 2: 75% * $624 million = $468 million

Year 3: (95% - 75%) * $624 million = $156 million

The revenue recognized in Year 1 is $62 million, in Year 2 is $468 million, and in Year 3 is $156 million.

Therefore, option (a) $62 million, $312 million, $250 million is the correct answer.

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A good's demand is given by: P = 707 - 4Q. At P = 98, the point price elasticity is:
Enter as a value (ROUND TO TWO DECIMAL PLACES).

Answers

In the given problem, the good's demand is given by: P = 707 - 4Q and at P = 98, we need to find the point price elasticity. So, the formula of price elasticity of demand is given by: Ep = Percentage change in Quantity demanded/Percentage change in price.

Now, to find the point price elasticity at P = 98, we have to differentiate the demand equation with respect to P, we get: dQ/dP = -1/4 Ep = (P/Q) (dQ/dP). Putting values of P and Q, we get, dQ/dP = -1/4 Q/P. Substitute the value of P and Q at P = 98, we get, dQ/dP = -1/4 (707 - 4Q) / 98dQ/dP = -7.19.

Now, substituting -7.19 in the formula of price elasticity of demand, we get, Ep = (P/Q) (dQ/dP).

Ep = (98/Q) (-7.19).

In order to find out Q, we have to substitute the value of P in the given demand equation: P = 707 - 4Q98 = 707 - 4QQ = 152.25So,Ep = (98/152.25) (-7.19)Ep = -0.0466.

The value of point price elasticity is -0.0466. Therefore, the answer is -0.0466 (rounded to two decimal places).

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A person wants to put aside $500 at the beginning of each month for 10 years. If she estimates an interest rate of 5.5%, how much will she have in her savings account at the end of the 10 years?

Answers

To calculate the total amount in the savings account at the end of 10 years, we can use the future value of an ordinary annuity formula.

In this case, the person is depositing $500 at the beginning of each month for 10 years, and the interest rate is 5.5% per year.

The formula for calculating the future value of an ordinary annuity is:

FV = P * [(1 + r)^n - 1] / r

Where:

FV = Future value of the annuity

P = Monthly deposit amount ($500)

r = Monthly interest rate (5.5% / 12 = 0.0045833)

n = Number of periods (10 years * 12 months = 120)

Plugging in the values into the formula:

FV = 500 * [(1 + 0.0045833)^120 - 1] / 0.0045833

Calculating this expression, the person would have approximately $74,166.19 in their savings account at the end of 10 years.

Please note that this calculation assumes monthly deposits made at the beginning of each month and a constant interest rate of 5.5% throughout the entire 10-year period. It does not account for any taxes or fees that may be applicable to the savings account.

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Modern western Economics system were adopted from the great Islamic civilisation. We see problems in the current economics system. How can we correct the system

Answers

The modern western economic system was not adopted from the Islamic civilization, but rather developed independently. The current economic system has its problems, such as income inequality, environmental degradation, and a focus on short-term profits at the expense of long-term sustainability.

To correct the system, several solutions have been proposed, including implementing progressive taxation, investing in renewable energy, and shifting the focus of corporations from maximizing profits to serving the common good. Additionally, it is important to recognize and address the historical and systemic factors that have contributed to the current economic system, including colonialism, exploitation of natural resources, and the marginalization of certain groups.

By addressing these underlying issues, we can create a more equitable and sustainable economic system that benefits all members of society. It should be noted that this answer is more than 50 words.

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What is the meaning of these financial ratio?

a. Tax effect
b. Interest expense effect
c. Operating profit margin
d. Total asset turnover
e. Financial leverage

Answers

a. Tax effect refers to the impact of taxes on a company's financial performance.

b. Interest expense effect is the impact of interest expenses on a company's profitability.

c. Operating profit margin is reffered to as the percentage of revenue converted into operating profit.

d. Total asset turnover is the efficiency of generating sales from total assets.

e. Financial leverage refers to the use of debt to finance operations and investments.

a. Tax effect: The tax effect refers to the impact of taxes on a company's financial performance. It measures how taxes affect the profitability and cash flows of a business. This ratio helps evaluate the tax efficiency and the overall tax burden of a company.

b. Interest expense effect: The interest expense effect measures the impact of interest expenses on a company's profitability. It assesses how the cost of borrowing and interest payments affect a company's bottom line. This ratio is important in analyzing a company's ability to generate profits after accounting for interest costs.

c. Operating profit margin: The operating profit margin is a financial ratio that indicates the profitability of a company's core operations. It represents the percentage of each dollar of revenue that is converted into operating profit. A higher operating profit margin signifies better operational efficiency and higher profitability.

d. Total asset turnover: The total asset turnover ratio measures a company's efficiency in generating sales from its total assets. It indicates how effectively a company utilizes its assets to generate revenue. A higher ratio indicates that a company is generating more sales per dollar of assets, which suggests better asset utilization.

e. Financial leverage: Financial leverage refers to the use of debt to finance a company's operations and investments. The financial leverage ratio measures the proportion of a company's assets that are financed by debt compared to equity. It assesses the company's reliance on debt and its ability to meet financial obligations. Higher financial leverage implies higher risk and potential for higher returns, but it also increases the company's vulnerability to financial distress.

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Stagflation and recession are increasingly being used to describe where the economy might be headed. The World Bank warned on 14th June 2022, that global economies were at risk of stagflation if not recession. "The world economy is again in danger," David Malpass, president of the World Bank, said in the latest edition of the Global Economic Prospects report. "It is facing high inflation and slow growth at the same time. Even if a global recession is averted, the pain of stagflation could persist for several years - unless major supply increases are set in motion." Explain the main differences between stagflation and recession, if we had to face one, which one would be less painful?

Answers

Stagflation and recession are two economic terms that are frequently used in various contexts. A recession is defined as a period of economic slowdown characterized by a decline in gross domestic product (GDP) or negative economic growth.

A recession is a normal economic cycle that occurs once in a while and may last for a few months or a few years. During a recession, the unemployment rate rises as businesses struggle to keep up with decreasing demand, leading to a drop in revenue. Inflation, on the other hand, is the rate at which prices rise, and it is calculated by examining changes in the Consumer Price Index (CPI).

Stagflation occurs when inflation and unemployment both rise at the same time. It can occur when the economy is in a state of stagnation, with high levels of inflation and little or no economic growth. As a result, stagflation creates economic difficulties and is a complicated situation to address. If we were to face a choice between stagflation and recession, a recession would be less painful. A recession, although unpleasant, is a normal part of the business cycle. It is a short-term issue that may be addressed by monetary and fiscal policies. In contrast, stagflation is a more complicated issue that requires specific policies to address both inflation and unemployment.

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which of the following is not a way that governments promote trade?
Multiple Choice A. Import Financing B. Subsidies C. Special government agencies D. Foreign Trade Zones

Answers

Special government agencies is not a way that governments promote trade. Option C is the correct answer.

Transferring products and commodities between a single individual or institution to another includes trade, sometimes in return for cash. Economists define a market as a structure or organization that allows for commerce. Option C is the correct answer.

Trade is a result of specialization and the division of labor, a main type of economic activity in which people and groups concentrate on a narrow area of production but exchange their output for other goods and necessities. Because various places may have a comparative advantage (perceived or actual) in the production of some tradeable item, including the production of natural resources restricted or rare elsewhere, sale across regions is possible.

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According to the straight-line depreciation method, an equal amount of depreciation expense is assigned to each year of the asset useful life O True O False

Answers

According to the straight-line depreciation method, an equal amount of depreciation expense is assigned to each year of the asset useful life. The given statement is TRUE.

Straight-line depreciation is the most widely used method for computing depreciation. It is a method that equally assigns the cost of a fixed asset to each year of its useful life. In other words, the amount of depreciation is constant and the same amount is charged to expense each year during the asset's life.

For example, suppose a machine costing $10,000 has a useful life of 5 years. The depreciation expense of the machine is $2,000 per year using the straight-line method. The $10,000 cost is spread over five years, with each year's depreciation expense of $2,000 recorded in the general ledger and the depreciation schedule. The asset's value will be reduced to zero at the end of its useful life.

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If the primary deficit is zero then the ratio of the debt to GDP is O falling over time increasing over time constant over time increasing and then decreasing We do not have enough information
Previous question
Next quest

Answers

The correct answer to the question is: the ratio of the debt to GDP is constant over time.

If the primary deficit is zero, then the ratio of the debt to GDP is constant over time. This means that the debt-to-GDP ratio is not falling over time, increasing over time, nor is it increasing and then decreasing. Instead, it is remaining the same over time. This is because the primary deficit is zero, meaning that the government is not spending more than it is earning in revenue from taxes and other sources. In other words, if the government is not running a primary deficit, it is not accumulating new debt. Thus, the debt-to-GDP ratio is not increasing or decreasing. Rather, it remains the same as long as the government maintains a balanced budget with no primary deficit. Therefore, the correct answer to the question is: the ratio of the debt to GDP is constant over time.

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In 2020, the shortage in the supply of N95 face masks in most
western countries highlighted just how dependent the West countries
had become on production in China. Afterward, The Trump
administration

Answers

In 2020, there was a shortage in the supply of N95 face masks in most western countries which highlighted just how dependent the West countries had become on production in China.

Afterward, the Trump administration declared a national emergency and invoked the Defense Production Act to increase the domestic production of N95 masks.

A shortage in the supply of N95 face masks in most western countries was observed in 2020.

This highlighted just how dependent the West countries had become on production in China.

Afterward, the Trump administration declared a national emergency and invoked the Defense Production Act to increase the domestic production of N95 masks.

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ResearchGate Search for publications, researchers, or questions Article PDF Available Ethical supply chains: Analysis, practices and performance measures January 2014 - International Journal of Logistics Systems and Management 17(4):472-497 DOI:10.1504/IJLSM.2014.061016 Authors: Yahaya Y Yusuf University of Central Lancashire LAnya Hawkins Ahmed Musa Federal University of Technology Minna O or Discover by subject area Advertisement CDP Center for Disaster Philanthropy ResearchGate recommends donating to the Center for Disaster Philanthropy We are supporting organizations providing humanitarian aid to the Download full-text PDF Read full-text Recruit researchers Advertisement Donate Today Join for free Login

Answers

The study provides valuable insights into the development, implementation, and evaluation of ethical supply chains. It highlights the importance of taking a holistic and collaborative approach, involving all stakeholders, to ensure that supply chains are sustainable, responsible, and ethical.

The paper "Ethical Supply Chains: Analysis, Practices and Performance Measures" is available on Research Gate as an article PDF. It was published in January 2014 in the International Journal of Logistics Systems and Management, and the authors are Yahaya Y. Yusuf from the University of Central Lancashire, LAnya Hawkins from the Federal University of Technology Minna, and Ahmed Musa from the same institution.
The study discusses ethical supply chains, their analysis, practices, and performance measures. The article examines the development of ethical supply chains, the various approaches taken by companies in implementing them, and the performance measures used to evaluate them.
Ethical supply chains have become increasingly important in recent years, as businesses face increasing pressure from consumers, regulators, and other stakeholders to improve their social and environmental impact. In particular, ethical supply chains can help companies to address issues such as worker exploitation, environmental damage, and the use of child labor.
The study highlights the key challenges faced by companies in developing ethical supply chains, including the complexity of global supply chains, the lack of transparency and accountability, and the need to balance economic and social objectives. The authors also explore some of the key performance measures used to evaluate ethical supply chains, including social, environmental, and economic indicators.
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5
What is Activity Based Costing and how does it differ from
traditional costing approaches? If an organization uses ABC to
costs its products and services how will the results differ from
traditional

Answers

Activity-Based Costing (ABC) is a costing method that assigns costs to products, services, or activities based on the resources consumed by each. It differs from traditional costing approaches by considering multiple cost drivers and allocating costs based on the activities that drive those costs.

How does Activity-Based Costing differ from traditional costing approaches?

Traditional costing methods typically allocate costs based on volume-related measures such as direct labor hours or machine hours. However, ABC recognizes that activities consume resources and assigns costs accordingly.

By identifying cost drivers and linking them to specific activities, ABC provides a more accurate and detailed understanding of the costs associated with each product or service. This enables organizations to make more informed decisions regarding pricing, resource allocation, and process improvement.

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How could Adidas use international market assessment to maximize sales in different global markets ?

Why does Adidas focus on promoting a single global brand & how do sports events help this strategy ?

How would currency fluctuations affect Adidas's profit in the US Market ?

How does Adidas use online platforms & social media to promote its events , sponsored athletes , & its products ?

Answers

Adidas could use international market assessment to maximize sales in different global markets through Competitive Analysis and Market Segmentation.

Adidas focus on promoting a single global brand & how do sports events help this strategy for Global Reach.

Currency fluctuations affect Adidas's profit in the US Market through Import and Export Costs

Adidas use online platforms & social media to promote its events by utilising the effect of social meia.

What is  global markets ?

The global market is the framework that allows for unrestricted trade, finance, and labor between various nations. Because of the interconnected nature of the modern economy, events in one country can have an impact on another.

There are three main markets for buying and selling in the modern global economy: the consumer, business, and government.

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TRUE / FALSE.
9. ISO 9000 is grounded on the conformance to specification definition of quality. True __ False____

10. Work performance data is input to quality control. True __ False____

Answers

9. Is true 10. Is true

Hal Thomas, a 35-year-old college graduate, wishes to retire at age 60. To supplement other sources of retirement income, he can deposit $2,300 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will earn a return of 12% over the next 25 years. a. If Hal makes end-of-year $2,300 deposits into the IRA, how much will he have accumulated in 25 years when he turns 60? b. If Hal decides to wait until age 45 to begin making end-of-year $2,300 deposits into the IRA, how much will he have accumulated when he retires 15 years later?

Answers

Hal will have accumulated $146,621.29 when he retires 15 years later if he decides to wait until age 45 to begin making end-of-year $2,300 deposits into the IRA.

Hal makes end-of-year $2,300 deposits into the IRA, he will have accumulated $414,344.20 in 25 years when he turns 60.Hal Thomas, a 35-year-old college graduate, wishes to retire at age 60. To supplement other sources of retirement income, he can deposit $2,300 each year into a tax-deferred individual retirement arrangement (IRA). The IRA will earn a return of 12% over the next 25 years.Now, we can use the future value formula of a lump sum payment to calculate the accumulated value in 25 years:Future value = Present value * (1 + r)nFuture value = $2,300 * (1 + 0.12)25Future value = $414,344.20.

Hal will have accumulated $414,344.20 in 25 years when he turns 60 if he makes end-of-year $2,300 deposits into the IRA.b. If Hal decides to wait until age 45 to begin making end-of-year $2,300 deposits into the IRA, he will have accumulated $146,621.29 when he retires 15 years laterExplanation:If Hal decides to wait until age 45 to begin making end-of-year $2,300 deposits into the IRA, he will have only 15 years for his deposits to grow.Using the future value formula of a lump sum payment, the accumulated value in 15 years can be calculated:Future value = Present value * (1 + r)nFuture value = $2,300 * (1 + 0.12)15Future value = $146,621.29Therefore, Hal will have accumulated $146,621.29 when he retires 15 years later if he decides to wait until age 45 to begin making end-of-year $2,300 deposits into the IRA.

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Calculate the value of the total cost incurred by a firm if its variable cost is $1,000 and its fixed cost is $3,250.
a. The total cost incurred by the firm is $1,000.
b. The total cost incurred by the firm is $2,250.
c. The total cost incurred by the firm is $4,250.
d. The total cost incurred by the firm is $3,250.

Answers

The total cost incurred by the firm is $4,250.

To calculate the total cost incurred by the firm, we need to add the fixed cost and the variable cost. In this case, the fixed cost is given as $3,250, and the variable cost is $1,000. Adding these two costs together, we get:

Total cost = Fixed cost + Variable cost

Total cost = $3,250 + $1,000

Total cost = $4,250

Therefore, the total cost incurred by the firm is $4,250. Option c is the correct answer. It's important to note that the fixed cost remains constant regardless of the level of production or output, while the variable cost varies with the level of production. By combining the fixed cost and variable cost, we can determine the total cost incurred by the firm, which represents the sum of all expenses associated with production and operations.

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Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than 48%. Choose the correct answer below A. This event would decrease inventory by over 48%. B. This event would decrease inventory by over 48%, and the book value of equity would decrease by the same amount C. This event would decrease inventory by over 48%, and the book value of equity would increase by the same amount. D. This event would not affect the balance sheet\

Answers

The correct option is option D. This event would not affect the balance sheet. An event in which the Global's engineers discover a new manufacturing process.

That will cut the cost of its flagship product by more than 48% would not affect the balance sheet. This is because the balance sheet of a company records its assets, liabilities, and equity at a particular time. Therefore, any manufacturing process that results in a cost reduction would affect the cost of goods sold and gross margin of the company. The book value of equity of a company, which is the value of assets minus liabilities, would not be affected by the event. Hence, option D is the correct option. In accounting, a balance sheet is a statement of the financial position of a business that lists its assets, liabilities, and owners' equity at a particular point in time. As a result, the discovery of a new manufacturing process that lowers the cost of a product by more than 48% would not affect the balance sheet.

A decrease in cost of goods sold and an increase in gross margin would be the result of such a manufacturing process.The book value of equity would not be affected because it is calculated by subtracting total liabilities from total assets. Thus, this event would not affect the balance sheet.

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Assume that the Reserve Bank of Australia have implemented contractionary monetary policy to bring inflation back inside the target band of 2% to 3%. What would be the impact of this policy choice on

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Contractionary monetary policy implemented by the Reserve Bank of Australia will have various impacts on the economy. The policy choice will reduce the money supply, lower aggregate demand, increase unemployment and reduce inflation.


The Reserve Bank of Australia may implement contractionary monetary policy to achieve its inflation target, which means that they will increase the cash rate, or the interest rate that banks pay to borrow from the central bank. This will increase the cost of borrowing for households and firms, reducing their spending power and reducing aggregate demand. As a result, businesses may not invest in new projects, and consumer demand for goods and services may fall, leading to a slowdown in the economy.



When the Reserve Bank of Australia implements contractionary monetary policy, it will also reduce the money supply. As a result, firms may find it challenging to finance new projects, and households may find it difficult to obtain credit, reducing their spending power. The decrease in spending power will lead to a decrease in aggregate demand, which will further reduce the economy's growth rate.


Furthermore, a decrease in aggregate demand will lead to an increase in unemployment. Firms may reduce their workforce, and households may have less money to spend on non-essential items, reducing the demand for labour in certain industries. As a result, this decrease in employment will reduce the overall income level of households, further reducing aggregate demand.



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Under which of the following circumstances would a disclaimer of opinion not be appropriate? A The auditor is unable to determine the amounts associated with an employee fraud scheme Management does not provide reasonable justification for a change in accounting principles. C The chief executive officer is unwilling to sign the management representation letter The client refuses to permit the auditor to confirm certain accounts receivable or apply alternative procedures to verify their balances. B D

Answers

The circumstances under which a disclaimer of opinion would not be appropriate are as follows - Option B: Management does not provide reasonable justification for a change in accounting principles.

A disclaimer of opinion can be defined as an audit report that is given when the auditor cannot express any opinion on the company's financial statements. An auditor's report is a description of an auditor's work on a company's financial statements, which includes any auditing difficulties and financial discrepancies discovered throughout the audit process.

When the auditor is unable to get adequate proof to support some elements of the financial statement, a disclaimer of opinion is given. However, if there is management justification, the auditor might be able to make adjustments to the financial statements.

The other options such as:A) The auditor is unable to determine the amounts associated with an employee fraud scheme B) Management does not provide reasonable justification for a change in accounting principles. The chief executive officer is unwilling to sign the management representation letter D) The client refuses to permit the auditor to confirm certain accounts receivable or apply alternative procedures to verify their balances are circumstances under which a disclaimer of opinion would be appropriate.

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You borrowed $1,500 for one year, and agreed to pay back $1,680. At the outset you expected the inflation rate to be 2% over the period of the loan, but it ended at 4%. In this case,
Question options:
A. the nominal interest rate was 12%,
the expected real interest rate was 14%,
the actual real interest rate was 16%.
B. the nominal interest rate was 12%,
the expected real interest rate was 10%,
the actual real interest rate was 6%
C. the nominal interest rate was 12%,
the expected real interest rate was 10%
the actual real interest rate was 8%.

Answers

If it ended at 4%, the nominal interest rate was 12%, the expected real interest rate was 10%, and the actual real interest rate was 8%. The correct option is C.

Nominal Interest Rate = (Total Repayment - Loan Amount) / Loan Amount × 100

Nominal Interest Rate = ($1,680 - $1,500) / $1,500 × 100

Nominal Interest Rate = $180 / $1,500 × 100

Nominal Interest Rate = 12%

Expected Real Interest Rate = Nominal Interest Rate - Expected Inflation Rate

Expected Real Interest Rate = 12% - 2%

Expected Real Interest Rate = 10%

Actual Real Interest Rate = Nominal Interest Rate - Actual Inflation Rate

Actual Real Interest Rate = 12% - 4%

Actual Real Interest Rate = 8%

The correct option is C.

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Considering recent changes in American culture, how would a power–control theorist explain recent drops in the U.S. crime rate? Can it be linked to changes in the structure of the American family?

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A power–control theorist would explain recent drops in the U.S. crime rate in light of changes in American culture as follows: Crime has declined, partly as a result of changing family structures that have limited opportunities for power and control.

A power–control theorist would assert that gender-based power and control in households are critical factors in a person's decision to engage in criminal activities. The traditional American family structure, characterized by a male breadwinner and female caretaker, has evolved into a more egalitarian structure with dual-income households.

This structure reduces the opportunities for one parent, typically the father, to exercise power and control over the family. In conclusion, the decline in crime in the U.S. can be linked to changing family structures that limit power and control opportunities, as posited by power–control theorists.

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Question 3 1 pts Kiss the Sky Enterprises has bonds on the market making semiannual payments, with 8 years to maturity, and selling for $1,071. At this price, the bonds yield 5.2 percent. What must the coupon rate be on the bonds? Enter the answer with 4 decimals (e.g. 0.0123)

Answers

The coupon rate on the bonds comes out to be approximately 0.0514 or 5.14% when rounded to four decimal places.

To find the coupon rate on the bonds issued by Kiss the Sky Enterprises, we can use the formula for calculating the yield to maturity (YTM) of a bond. The YTM is the discount rate that equates the present value of the bond's future cash flows (coupon payments and principal) to its current market price.

In this case, the bonds have 8 years to maturity and are selling for $1,071, which implies that the present value of their cash flows is $1,071. The bonds make semiannual payments, so there will be 16 coupon payments over the life of the bond.

To calculate the YTM, we need to use trial and error or an iterative method. However, we are given that the YTM is 5.2 percent. Therefore, we can set up an equation and solve for the coupon rate.

$1,071 = (C / 2) * (1 - (1 + r / 2)^(-16)) / (r / 2) + 1,000 / (1 + r / 2)^16

Where C is the coupon payment, r is the yield to maturity, and 1,000 is the face value of the bond.

Simplifying and solving the equation will yield the coupon rate:

$1,071 = (C / 2) * (1 - (1.026) ^ (-16)) / (0.026) + 1,000 / (1.026) ^ 16

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Your thrift account is expected to generate a $2,000 profit at the end of year 1, and profit will increase by 8% per year through year 5. If you can earn 12% annual interest compounded annually, what is the present value of all your profits over the next 5 years? SHOW A "ROUGH" CASH FLOW DIAGRAM SHOW YOUR WORK ON HOW YOU CAME TO THE ANSWER

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The present value of all your profits over the next 5 years is approximately $8,814.88.To calculate the present value of all your profits over the next 5 years, we need to discount each year's profit back to the present using the annual interest rate of 12% compounded annually.

Here is the cash flow diagram representing the profits over the next 5 years:

Year 1: $2,000

Year 2: $2,000 * (1 + 8%) = $2,160

Year 3: $2,160 * (1 + 8%) = $2,332.80

Year 4: $2,332.80 * (1 + 8%) = $2,519.46

Year 5: $2,519.46 * (1 + 8%) = $2,721.33

To calculate the present value, we will discount each year's profit back to the present. The formula to calculate the present value of a future cash flow is:

Present Value = Cash Flow / (1 + Interest Rate)^n where n is the number of years.

Calculating the present value for each year:

PV1 = $2,000 / (1 + 12%)^1 = $1,785.71

PV2 = $2,160 / (1 + 12%)^2 = $1,773.62

PV3 = $2,332.80 / (1 + 12%)^3 = $1,762.27

PV4 = $2,519.46 / (1 + 12%)^4 = $1,751.63

PV5 = $2,721.33 / (1 + 12%)^5 = $1,741.65

The present value of all your profits over the next 5 years is the sum of the present values:

Present Value = PV1 + PV2 + PV3 + PV4 + PV5

Present Value = $1,785.71 + $1,773.62 + $1,762.27 + $1,751.63 + $1,741.65

Present Value = $8,814.88

Therefore, the present value of all your profits over the next 5 years is approximately $8,814.88.

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barton industries can issue perpetual preferred stock at a price of $52 per share. the stock would pay a constant annual dividend of $3.41 per share. if the firm's marginal tax rate is 25%, what is the company's cost of preferred stock? round your answer to two decimal places.

Answers

The present cost per share amounts to $52 while the annual payout for each share stands at $3. 41

Here is the calculation:

Cost of preferred stock = (annual dividend payment / current share price) * (1 - marginal tax rate)

= (3.41 / 52) * (1 - 0.25)

= 5.24%

The cost of the preferred shares amounts to 6. About one-fourth of the total amount is owed as a result of the 25% marginal tax rate.

Marginal tax rate refers to the percentage of tax that is applied to an individual's or business's additional income. It represents the rate at which the last dollar earned is taxed. As income increases, higher marginal tax rates are applied to each additional dollar earned.

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A project’s payback period can be evaluated by comparing the

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A project's payback period can be evaluated by comparing the time it takes to recover the initial investment or cost of the project with a predetermined payback period.

The payback period is a financial metric used to assess the length of time required for a project to generate sufficient cash flows to recoup its initial investment.

To calculate the payback period, you need to follow these steps:

1. Determine the initial investment: Identify the total cost of the project, including any upfront expenses, such as equipment purchases, installation costs, and initial working capital.

2. Estimate the cash inflows: Determine the expected cash inflows generated by the project for each period. These cash inflows could include revenues, cost savings, or any other positive cash flows resulting from the project.

3. Calculate the cumulative cash flows: Sum up the cash inflows on an annual basis and calculate the cumulative cash flow for each period. This will show the running total of cash inflows over time.

4. Identify the payback period: Identify the point at which the cumulative cash flows equal or exceed the initial investment. The payback period is the number of years or periods it takes to reach this point.

5. Evaluate the payback period: Compare the calculated payback period with a predetermined payback period that is considered acceptable or appropriate for the project. If the calculated payback period is shorter than the predetermined payback period, it suggests a quicker recovery of the initial investment, which is generally considered favorable. On the other hand, if the calculated payback period exceeds the predetermined period, it may indicate a longer time to recoup the investment, which might be less desirable.

It's worth noting that the payback period is a simple and intuitive measure of investment recovery, but it does not consider the time value of money or the cash flows beyond the payback period. Therefore, it should be used in conjunction with other financial metrics to make a well-informed investment decision.

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Make a recommendation to BlackRock on whether to launch a new multifactor ETF or not. Imagine yourself as the independent consultant and write accordingly. Support your case with the insights you have gained throughout the empirical analysis.

Answers

Black Rock should launch a new multifactor ETF as there is a growing demand for multifactor investing among investors. According to the empirical analysis, the multifactor ETFs have outperformed single factor ETFs in terms of returns, risk reduction and downside protection.

Also, the market for multifactor ETFs is expected to grow at a rapid pace in the coming years. Therefore, launching a new multifactor ETF would enable BlackRock to capture the growth opportunities and gain a competitive edge in the market.Moreover, the empirical analysis shows that multifactor investing enhances portfolio diversification and provides exposure to different factors that drive market returns. In the current market scenario, where uncertainty and volatility are high, the investors are looking for ways to manage risks and generate consistent returns.

Multifactor ETFs provide an effective solution to these challenges by combining different factors that are uncorrelated to each other and can perform well in different market conditions.In addition, the empirical analysis reveals that multifactor ETFs have lower fees than active funds and provide transparency and liquidity to the investors. As a result, multifactor ETFs have become an attractive investment option for both retail and institutional investors. By launching a new multifactor ETF, BlackRock can leverage its brand recognition and reputation to attract new investors and retain the existing ones.To conclude, the empirical analysis provides strong support for BlackRock to launch a new multifactor ETF. The multifactor investing approach has proven to be successful in terms of performance, risk reduction and diversification. Moreover, the market for multifactor ETFs is growing at a rapid pace, and BlackRock can benefit from the growth opportunities by launching a new multifactor ETF. By doing so, BlackRock can provide a compelling investment option to the investors and gain a competitive edge in the market.

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