all of the above
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Explain the statement “The entrepreneur is the pivot of development.”
Answer:
Entrepreneurship is a continuous phase of development and movement while being focused on goal
Explanation:
An entrepreneur has an undeniable trait of being flexible along with being focused and pivoted to move in the right direction at the right time. If the circumstances require, he/she can also pivot in the other direction while being flexible at the same time.
Thus, entrepreneurship is a continuous phase of development and movement while being focused on goal.
Heritage, Inc., had a cost of goods sold of $44,721. At the end of the year, the accounts payable balance was $8,253. How long on average did it take the company to pay off its suppliers during the year
Answer:
Account payable days = 67.36 days
Explanation:
The payable days is the average length of time it takes a business to settle its account payable. It is calculated as thus;
Account payable days = Average account payable / Cost of goods sold × 365
Account payable = $8,253/44,721 × 365
Account payable = 67.36
Therefore, it will take Heritage about 67.36 days to settle its account payable
Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $22,500 Cash paid for dividends, $6,500 Cash dividends received, $4,500 Cash proceeds from bank loan, $34,000 Cash purchase of treasury stock, $13,500 Cash paid for equipment purchase, $29,500 Cash received from issuance of common stock, $39,500 Cash received from sale of land with a $34,500 book value, $27,000 Acquisition of land costing $53,500 in exchange for preferred stock issuance. Payment of $125,000 note payable by exchanging used machinery with a $79,500 book value and $125,000 fair value How much was Flow's net cash flow from investing activities
Answer:
$2,500
Explanation:
Net Cash flow from investing activities
Particulars Amount
Cash proceeds from sale of Land $27,000
Cash Paid for Equipment Purchase -$29,500
Net Outflow from investing activities ($2,500)
An example of a type II error in quality control would be:counting a student s True/False response as incorrect when it is actually correct.throwing away a perfectly good fruit.eating food that you were unaware was spoiled.using clean bed sheet for every new guest in a hotel.
Answer:
the answer is a i just took the test got 100
Explanation:
A price searcher
a. faces a horizontal demand curve.
b. is a seller that searches for good employees and pays them a low wage.
c. seller that searches for the best price at which to buy its nonlabor inputs.
d. is a seller that has the ability to control, to some degree, the price of the product it sells.
e. a and c
Answer:
d. is a seller that has the ability to control, to some degree, the price of the product it sells
Explanation:
A price searcher is a person who sold the products and services and impact the price of the same goods & services via number of units sold
So as per the given situation, the option d is correct as it derives that it is the seller that has the capability to control for some degree for the price of that product it sold
So, the other options would be incorrect
Bruno's Lunch Counter is expanding and expects operating cash flows of $26,100 a year for 4 years as a result. This expansion requires $62,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $3,600 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 12 percent
Answer:
Year Cash-flow DF at 12% Discounted cash flow
0 -$65,600 1.00 -$65,500
1 $26,100 0.8929 $23,303.57
2 $26,100 0.7972 $20,806.76
3 $26,100 0.7118 $18,577.46
4 $26,100 0.6355 $18,874.89
Net present value $15,962.68
name the institution that investigates anti-competitive behaviour on companies in south africa
Explanation:
the competition committee of southafrica, set up in the year 1989 by the southafrica government under the competition act to empower to investigate, control and restrict business, abuse of dominant positions and merges in order to achieve equity and efficiency in the southafrica economy.
22. At the end of each year for the next 18 years, you receive cash flows of $3700. The initial investment is $25,200 today. What rate of return are you expecting from this investment? Answer as a whole percentage 13.07%
Answer:
29.37%
Explanation:
Rate of return = Average annual income/Average initial investment
Average annual income = $3,700
Average initial investment = (I+s)/2
Average initial investment = (25,200+0)/2
Average initial investment = $12,600
Rate of return = $3,700/$12,600
Rate of return = 0.2936508
Rate of return = 29.37%
g This year, Nilo Inc. granted nonqualified stock options to 230 employees. For financial statement purposes, Nilo recorded a $179,200 expense for the estimated value of the options. As a result of this transaction, Nilo has a:
Answer:
temporary unfavorable book/tax difference
Explanation:
Given that
There is an unqualified stock options for 230 employees
And, the expenses are recorded at $179,200
So based on the above information the nike have temporary also adverse book or tax difference
as this given transaction does not represent the permanent one so it should be considered as temporary
The future earnings, dividends, and common stock price of Callahan Technologies Inc. are expected to grow 8% per year. Callahan's common stock currently sells for $25.25 per share; its last dividend was $1.50; and it will pay a $1.62 dividend at the end of the current year.
1. Using the DCF approach, what is its cost of common equity?
2. If the firm's beta is 0.80, the risk-free rate is 3%, and the average return on the market is 14%, what will be the firm's cost of common equity using the CAPM approach?
3. If the firm's bonds earn a return of 12%, based on the bond-yield-plus-risk-premium approach, what will be rs?
4. If you have equal confidence in the inputs used for the three approaches, what is your estimate of Callahan's cost of common equity?
Answer:
Find my detailed explanations and answers below
Explanation:
1.
Based on the dividend discount model, the share price is the present value of the expected dividend as shown by the formula below:
share price=expected dividend/(cost of equity-growth rate)
share price=$25.25
expected dividend=$1.62
cost of equity=unknown(let us assume it is K)
growth rate=8%
$25.25=$1.62/K-8%
$25.25*(K-8%)=$1.62
K-8%=($1.62/$25.25)
K=($1.62/$25.25)+8%
K=14.42%
2.
Using the Capital Asset Pricing Model, the formula for cost of equity is as shown thus:
cost of equity=risk-free rate+beta*(market return-risk-free rate)
risk-free rate=3%
beta=0.80
,market return=14%
cost of equity=3%+0.80*(14%-3%)
cost of equity=11.80%
3.
cost of equity=cost of debt+risk premium
cost of debt=12%
risk premium=market return-risk-free rate=14%-3%=11%
cost of equity=12%+11%=23%
If all of the figures are of equal confidence, our cost of equity should be the average of the three
cost of equity=(14.42%+11.80%+23%)/3=16.41%
Suppose that a decrease in the demand for goods and services pushes the economy into recession. What happens to the price level? If the government does nothing, what ensures that the economy still eventually gets back to the natural rate of output?
The following information was taken from last year's income statement segmented by division:
East Division West Division
Sales $3,700,000 $2,300,000
Contribution margin $1,650,000 $1,000,000
Divisional segment margin $1,100,000 $350,000
Net operating income last year for SegR-3748 Corporation was $600,000. In last year's income statement segmented by division, what were SegR-4212's total common fixed expenses?
Answer:
$850,000
Explanation:
Divisional Segment Margin = $1,100,000 + $350,000
Divisional Segment Margin = $1,450,000
Net Operating Income = $600,000
Common fixed expenses = Divisional Segment Margin - Net Operating Income
Common fixed expenses = $1,450,000 - $600,000
Common fixed expenses = $850,000
So, SegR-4212's total common fixed expenses will be $850,000.
For each separate case below, follow the three-step process for adjusting the accrued revenue account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2. Assume no other adjusting entries are made during the year.
a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $19,000 for a client, but the client has not yet been billed for those services.
b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $390 of interest earned from its investments in government bonds.
c. Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,300 of work.
Answer:
Dr Accounts receivable $19,000
Cr Earned service revenues $19,000
Dr Interest receivable $390)
Cr Interest revenue $390
Dr Accounts receivable $1,300
Cr Earned service revenue $1,300
Explanation:
Preparation to Record the December 31 adjusting entry
Dr Accounts receivable $19,000
Cr Earned service revenues $19,000
Dr Interest receivable $390)
Cr Interest revenue $390
Dr Accounts receivable $1,300
Cr Earned service revenue $1,300
The wealth of the owners of a corporation is represented by ________.
a. earnings per share
b. share value
c. profits
d. cash flow
Answer:
The answer is B. share value
Which of the following items is an implicit transaction? Recognizing a gain on the sale of equipment Recording payment of monthly interest on loan Recognizing impairment on an intangible asset Recognizing deferred revenue through delivery of goods
Answer:
The correct answer is the second option: Recording payment of monthly interest on loan.
Explanation:
To begin with, the term known as "implicit transaction" in the field of business management and accounting refers specifically to the situation where the "transaction" was not intended in the first place as a directly situation to get, therefore that it is said to be an opportunity cost that happens when the company uses another resources in order to do another activities. For example the situation where the monthly interest on the loan is paid back to the company.
difference between partial equilibrium and general equilibrium in the simplest form
Answer:
In a partial equilibrium model, you are ignoring feedback that may result from related markets. ... Normally, in a general equilibrium model, the equilibrium quantities and prices in all markets are endogenous.
Nash Company sold 10,800 Super-Spreaders on December 31, 2020, at a total price of $1,015,200, with a warranty guarantee that the product was free of any defects. The cost of the spreaders sold is $561,600. The assurance warranties extend for a 2-year period and are estimated to cost $43,400. Nash also sold extended warranties (service-type warranties) related to 2,100 spreaders for 2 years beyond the 2-year period for $12,600. Given this information, determine the amounts to report for the following at December 31, 2020: sales revenue, warranty expense, unearned warranty revenue, warranty liability, and cash.
Answer:
Amount reported in Income
Particulars Amount
Sales revenue $1,015,200
Warranty expenses $43,400
Amount reported on balance sheet
Particulars Amount
Unearned service revenue $12,600
Cash ($1,015,200 + $12,600) $1,016,460
Warranty liability $43,400
The Andrews company currently has the following balances in their equity accounts: Common Stock $59,934 Retained earnings $32,340 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year
Answer:
the ending balance of the retained earnings is $62,640
Explanation:
The computation of the ending balance of the retained earnings is shown below:
= Opening retained earning + net profit - dividends paid
= $32,340 + $46,300 - $16,000
= $62,640
hence, the ending balance of the retained earnings is $62,640
The above formula should be used
Danny's workplace just started casual Fridays. What can Danny now wear to work on Fridays?
A black suit and tie
Jeans and a t-shirt
Shorts and a tank top
A swimsuit and flip flops
The management of Milque Corp. is considering the effects of various inventory-costing methods on its financial statements and its income tax expense. Assuming that the price the company pays for inventory is increasing, which method will: (a) provide the highest net income
Answer:
Milque Corp.
FIFO will provide the highest net income when the price of inventory is increasing.
Explanation:
The Generally Accepted Accounting Principles recognize four main methods to compute Cost of Goods Sold and Ending Inventory for a period. They are:
First In, First Out (FIFO): This is based on the assumption that companies sell first the inventory that they bought first.
Last In, First Out (LIFO): This method assumes that companies sell first the inventory that they bought last.
Weighted Average Cost (WAC): This inventory method assumes that companies average the costs of inventory and how much they sell over the period by dividing the cost of goods available for sale by the total physical inventory units.
Specific Identification: This method does not make any assumptions. It directly identifies the product being sold and prepares costing calculations based on the specific inventory items.
Briefly explain the various environmental factors that a manager should consider in an organization.
Answer:
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On February 1, 2020, Sheffield Corporation factored receivables with a carrying amount of $740000 to Ivanhoe Company. Ivanhoe Company assesses a finance charge of 4% of the receivables and retains 6% of the receivables. Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Sheffield Corporation for February. Assume that Sheffield factors the receivables on a with recourse basis. The recourse obligation has a fair value of $3500. The loss to be reported is
Answer:
$33,100
Explanation:
Calculation to determine what The loss to be reported is
Using this formula
Loss=(Factored receivables*finance charge)+Fair value
Let plug in the formula
Loss=($740,000 × .04)+ $3,500
Loss= $29,600+$3,500
Loss=$33,100
Therefore The loss to be reported is $33,100
Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly income which is guaranteed. A. Fixed life annuity B. Variable annuity C. Equity-indexed annuity
An important difference between tariffs and quotas is that tariffs raise the price of the good in the country imposing the tariff. always generate tax revenue for the government. reduce imports. help domestic producers. g
Answer:
The correct answer is the second option: Tarrifs always generate tax revenue.
Explanation:
On the one hand, tariffs are taxes imposed by the government exclusively to imports and exports with the primary purpose of increase the revenue of the nation. Although it also looks for the protection of certains goods being a type of regulation regarding the international trade that goes around the world.
On the other hand, a quota is basically a limit imposed by the government with the only purpose of puting a maximum quantity to the number of imports that can entry in the country and therefore to protect the local industries and the domestic producers with it.
What type of data do traditional AISs generate as part of processing transactions and business events
At the end of a reporting period, ABC determines that its ending inventory has a cost of $300,000 and a net realizable value of $230,000. What would be the effect(s) of the adjustment to write down inventory to net realizable value?
A) Decrease total assets.
B) Decrease net income.
C) Decrease total assets and net income.
D) Increase retained earnings.
Answer:
Decrease total assets and net income.
Explanation:
There is an inventory write down because the value of inventory has decreased. The net realizable value of inventory is less than its cost.
Inventory write down involves expensing a part of the inventory asset in the current period.
As a result of the write down, inventory would decrease. Inventory is part of total assets. Thus, total assets would decrease
Also, cost would increase because of the write down and so net income would decrease.
When actions by individuals in a organization are directed toward the goal of furthering their own self-interests, it is termed as
Answer:
Organizational politics.
Explanation:
An interest group can be defined as a group of people sharing common aims, ideas and concerns, which seeks to influence government or a public policy.
This ultimately implies that, the interest groups consists of individuals who are only concerned about influencing public policy of the government on the basis of a particular common aim and interest.
Similarly, when actions by individuals in a organization are directed toward the goal of furthering their own self-interests such as being promoted, traveling to get estacodes, training, courses, etc., it is generally termed as organizational politics. Thus, you will see such employees (individuals) getting closer to top the executive management and patronizing them, in order to be in their good books.
A light car is purchased on January 1 at a cost of $25,700. It is expected to serve for eight years and have a salvage value of $3,000. It is expected to be used for 96,000 miles over its eight-year useful life. Using the units-of-production method, calculate the depreciation expense for the first and third years of use if the car is driven 20,000 miles in year 1 and 18,000 miles in year 3. Round interim calculations to two decimal places.
Answer:
$4729.17
$4256.25
Explanation:
Activity method based on output = (miles driven that year / total miles that can be driven) x (Cost of asset - Salvage value)
Year 1
(20,000 / 96,000) x ($25,700 - $3,000) = $4729.17
Year 3
(18,000 / 96,000) x ($25,700 - $3,000) = $4256.25
On October 6, 2021, Ronan Corp. sold land to Bane Co., its wholly owned subsidiary. The land cost $72,400 and was sold to Bane for $96,000. For consolidated financial statement reporting purposes, when must the gain on the sale of the land be recognized?a. No gain may be recognized.b. As Bane uses the land.c. When Bane Co. sells the land to a third party.d. Proportionately over a designated period of years.e. When Bane Co. begins using the land productively.
Answer:
c. When Bane Co. sells the land to a third party
Explanation:
As in the case of the consolidated financial statement no gain or loss should be recognized when there is an intercompany transactions also it would be removed at the time of consolidation
So the gain that should be recognized at the time of sale of the land would occur when the company sold the land to the third party
Therefore the option c is correct
Jill starts at a salary of $30,000 per year and receives benefits that cost the company 50% of her salary. She gets 12 weeks of training, 2 weeks of vacation, and 10 paid holidays. Using 52 weeks per year, 40 hours per week, 8 hours per day, and not counting the trainer's cost, how much does it cost the company for every DAY in the first year that she is available to help a customer
Answer:
$250 per day
Explanation:
Calculation to determine how much does it cost the company for every DAY in the first year that she is available to help a customer
Cost =(30,000 + 15,000)*[(52 weeks- 2 weeks - 12 weeks)x 5 days- 10 day holidays]
Cost = $45,000 per year*(38 weeks×5 days- 10 day holidays)
Cost = $45,000 per year*180 days
Cost = $250 per day
Therefore how much does it cost the company for every DAY in the first year that she is available to help a customer is $250 per day