systems play a key role in helping organizations achieve goals, which are set forth in a(n) statement. Computers can be used by people at all levels of an organization. Workers use information systems to produce and manipulate information. Managers depend on information systems to supply data that is essential for long-term planning and short-term tactical planning. Transaction systems provide an organization with a way to collect, display, modify, or cancel transactions. These systems encompass activities such as general accounting, inventory tracking, and ecommerce. information systems typically build on the data collected by a TPS to produce reports that managers use to make the business decisions needed to solve routine, structured problems. A decision system helps workers and managers make non-routine decisions by constructing decision models that include data collected from internal and external sources. A(n) system is designed to analyze data and produce a recommendation or decision based on a set of facts and rules called a(n) base. These facts and rules can be written using an expert system shell or a programming language. A(n) engine evaluates the facts and rules to produce answers to questions posed to the system. Using a technique called logic, these systems can deal with imprecise data and problems that have more than one solution.

Answers

Answer 1

Answer:

The following are those which helps in playing a key role in helping organizations to achieve their goals:

O. Computers can be used by people at all levels of an organization.

O. Workers use information systems to produce and manipulate information.

O. Managers depend on information systems to supply data that is essential for long-term planning and short-term tactical planning.

O. A decision system helps workers and managers make non-routine decisions by constructing decision models that include data collected from internal and external sources.

O.  A(n) engine evaluates the facts and rules to produce answers to questions posed to the system.

O. Using a technique called logic, these systems can deal with imprecise data and problems that have more than one solution.

Explanation:


Related Questions

Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $215,000. The equipment will have an initial cost of $977,000 and have a 6-year life. There is no salvage value for the equipment. If the hurdle rate is 8%, what is the approximate net present value? Ignore income taxes..

Answers

Answer:

NPV = $16,919

Explanation:

The Net Present value is the present value of cash inflow (cost savings ) from the  project less the present value of initial cost.

NPV = Present value of cash inflow - Present value of cash outflow

PV = annual cash flow × (1-1+r^-n)/r

=215,000×  (1- 1.08^-6)/0.08

=993919.1

NPV = 993,919.1-977,000= 16,919

NPV = $16,919

Kathy is 42 years old and has been diagnosed with a rare case of early onset Alzheimer's disease. While there are drugs that can control her condition, there is no known cure. When she reads a newspaper article that a claimed cure has been discovered in Sweden, she requests the drug from her doctor who informs her that the drug is not legal in the United States and cannot be purchased outside of Sweden. Kathy files a lawsuit in federal court to allow her to purchase and use the drug. The federal district court determines that the case must be suspended and referred to the Food and Drug Administration for initial review and determination. What is the doctrine that the district court justice is following?
A. Determining proper standing
B. Exhaustion of remedies
C. Primary jurisdiction
D. Judicial delegation
E. Judicial review

Answers

Answer:

e I think if not I'm sorry

The district court justice's judicial review doctrine. Thus option (C) is correct.

What is court?

A court is any person or institution with the jurisdiction to arbitrate legal disputes between parties and administer justice in civil, criminal, and administrative affairs in conformity with the rule of law. A court, often known as a court of law, is a person or group of people with the legal jurisdiction to hear and settle disputes in civil, criminal, ecclesiastical, or military issues.

The District Court handles significant criminal offenses including burglaries, offenses, assaults, serious fraud, commercial theft, and assaults. Additionally, the District Court has unrestricted jurisdiction over claims for damages for personal injury and adjudicates civil claims up to $750,000.

Therefore, Thus option (C) is correct.

Learn more about the court here:

https://brainly.com/question/13375489

#SPJ2

Metlock Windows manufactures and sells custom storm windows for three-season porches. Metlock also provides installation service for the windows. The installation process does not involve changes in the windows, so this service can be performed by other vendors. Metlock enters into the following contract on July 1, 2020, with a local homeowner. The customer purchases windows for a price of $2,280 and chooses Metlock to do the installation. Metlock charges the same price for the windows irrespective of whether it does the installation or not. The installation service is estimated to have a standalone selling price of $630. The customer pays Metlock $1,980 (which equals the standalone selling price of the windows, which have a cost of $1,140) upon delivery and the remaining balance upon installation of the windows. The windows are delivered on September 1, 2020, Metlock completes installation on October 15, 2020, and the customer pays the balance due.

Required:
Prepare the journal entries for Geraths in 2020.

Answers

Answer:

June 1 2020

No entry

September 1, 2020

Dr Cash $1,980

Dr Accounts receivable $300

Cr Sales revenue $1,730

Cr Unearned sales revenue $550

September 1, 2020

Dr Cost of goods sold $1,140

Cr Inventory $1,140

October 15 2020

Dr Cash $300

Dr Unearned service revenue $550

Cr Accounts receivable $300

Cr Service Revenue $550

Explanation:

Preparation of the journal entries for Geraths in 2020

June 1 2020

No entry

September 1, 2020

Dr Cash $1,980

Dr Accounts receivable $300

($1,730+$550+$1,980)

Cr Sales revenue $1,730

($1,980/$2,610*$2,280)

($1,980+$630=$2,610)

Cr Unearned sales revenue $550 ($630/$2,610*$2,280)

September 1, 2020

Dr Cost of goods sold $1,140

Cr Inventory $1,140

October 15 2020

Dr Cash $300

Dr Unearned service revenue $550

Cr Accounts receivable $300

Cr Service Revenue $550

If there were no beginning work in process and no ending work in process under the weighted-average process costing method, the number of equivalent units for direct materials, if direct materials were added at the start of the process, would be __________________ A. More than the units started or transferred in during the period. B. Equal to the units completed during the period. C. Less than the units completed during the period. D. Equal to total of units started and units completed during the period.

Answers

Answer:

Equal to total of units started and units completed during the period

Explanation:

Equivalent units

These are said to be numbers of complete whole units that could be gotten from the material and effort evident or contained in partially completed units.

Equivalent units of production usually of weighted-average method is defined as the number of units taking oit or transferred to the next department or to finished goods during the timeframe in addition with the equivalent units in the departments' ending work in process inventory.

Equivalent Units of Production is simply known to be equal to the Units Transferred Out plus the Ending Units in Process.

Ending work-in-process

Beginning work in process is the addition that is Started in Process, minus units to be accounted for and minus units transferred out which will equal to ending work in process. Therefore, as a result of the fact that  no beginning work-in-process and ending work-in-process is evident, the units started during the period is also the completed units on the same period.

Jasper makes a $86,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice Debit Notes Receivable for $86,000; credit Cash $86,000. Debit Accounts Receivable $86,000; credit Notes Receivable $86,000. Debit Cash $86,000; credit Notes Receivable for $86,000. Debit Notes Payable $86,000; credit Accounts Payable $86,000. Debit Notes Receivable $86,000; credit Sales $86,000.

Answers

Answer:

Debit Notes Receivable for $86,000; credit Cash $86,000

Explanation:

The journal entry to record the cash loan is given below;

Notes Receivable $86,000

           To Cash $86,000

(Being cash loan is recorded)

Here the note receivable is debited as it increased the assets and credited the cash as it decreased the assets

Therefore the first option is correct

Vaughn Manufacturing had the following transactions during 2022:

1. Issued $272500 of par value common stock for cash.
2. Recorded and paid wages expense of $130800.
3. Acquired land by issuing common stock of par value $109000.
4. Declared and paid a cash dividend of $21800.
5. Sold a long-term investment (cost $6540) for cash of $6540.
6. Recorded cash sales of $872000.
7. Bought inventory for cash of $348800.
8. Acquired an investment in Zynga stock for cash of $45780.
9. Converted bonds payable to common stock in the amount of $1090000.
10. Repaid a 6-year note payable in the amount of $479600.

What is the net cash provided by financing activities?

a. $(228900).
b. $250700.
c. $861100.
d. $1318900.

Answers

Answer and Explanation:

The computation of the net cash provided by financing activities is given below:

Cash provided by financing activities

Issuance of the common stock for cash $272,500

Less: cash dividend paid -$21,800

Less: repaid note payable $479,600

Net cash used in financing activities -$228,900

The positive means cash inflow and the negative means cash outflow

Lannister Manufacturing has a target debt-equity ratio of .95. Its cost of equity is 11 percent, and its cost of debt is 7 percent. If the tax rate is 24 percent, what is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

WACC= 5.6%

Explanation:

Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund

WACC = (Wd×Kd) + (We×Ke)

After-tax cost of debt = Before tax cost of debt× (1-tax rate)

Kd-After-tax cost of debt  

Ke-Cost of equity  

Wd-Weight f debt  

We-Weight of equity  

After tax cost of debt = (1-T)× Before-tax yield on debt

                                = (1-0.24)× 7

                               =5.32

Cost of equity = 11%

WACC = (Wd×Kd) + (We×Ke)

We= 5%, Wd= 95%

WACC= (5.32× 95%) + (11%× 5%)

        = 5.6%

WACC= 5.6%

 

Precision Tool is trying to decide whether to lease or buy some new equipment for its tool and die operations. The equipment costs $52,000, has a 3-year life and will be worthless after the 3 years. The pre-tax cost of borrowed funds is 10 percent and the tax rate is 33 percent. The equipment can be leased for $18,500 a year. What is the net advantage to leasing? (Do not round intermediate calculations.)

Answers

Answer:

$4,200

Explanation:

Cost of equipment = $52,000

Life of equipment = 3 years

Depreciation through straight line method = 52,000/3 = $17,333

Tax rate = 33%

Pretax cost of debt = 10%

Lease amount of equipment = $18,500

After tax cost of debt = 10%*(1-0.33)

After tax cost of debt = 10%*(0.67)

After tax cost of debt = 0.067

After tax cost of debt = 6.7%

After tax lease payment amount = 18,500*(1-0.33)

After tax lease payment amount = 18,500*0.67

After tax lease payment amount = 12,395

Present Value of 3 lease payment = 12,395/(1+0.067) + 12,395/(1+0.067)^2 + 12,395/(1+0.067)^3

Present Value of 3 lease payment = 12395/1.067 + 12395/1.1385 + 12395/1.2148

Present Value of 3 lease payment = 11616.68 + 10887.13 + 10203.33

Present Value of 3 lease payment = $32,707.14

Present Value of cost involved in purchasing the equipment is $52,000, however there will be a tax shield from depreciation therefore, this amount would reduce the company's cost.

Annual depreciation tax shield = 17,333*0.33 = $5719.89. There will be tax shield on depreciation for 3 years. Therefore, present value of $5719.89 is calculated for three years:

= $5719.89/(1+0.067) + $5719.89/(1+0.067)^2 + $5719.89/(1+0.067)^3

= $5719.89/1.067 + $5719.89/1.1385 + $5719.89/1.2148

= $5360.72 + $5024.06 + $4708.50

= $15,093.28

Present Value of the cost of buying the equipment = $52,000 - $15,093.28 = $36,906.72

Net Advantage Leasing = Present Value of the cost of buying the equipment - Present Value of 3 lease payment

Net Advantage Leasing = $36,906.72 - $32,707.14

Net Advantage Leasing = $4,199.58

Net Advantage Leasing = $4,200.

An analyst compiled the following information for U Inc. for the year ended December 31, 2018: Net income was $1,700,000. Depreciation expense was $400,000. Interest paid was $200,000. Income taxes paid were $100,000. Common stock was sold for $200,000. Preferred stock (8% annual dividend) was sold at par value of $250,000. Common stock dividends of $50,000 were paid. Preferred stock dividends of $20,000 were paid. Equipment with a book value of $100,000 was sold for $200,000. Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 2018?

Answers

Answer:

Net cash from operating activities=$2,100,000

Explanation:

The net cashflow from operating activities represent how much a business generates doing its ordinary course of business.

It is the net income adjusted for all non-cash items like depreciation e.t.c

Net cash from operating activities = 1,700,000  + 400,000= $2.100,000

Net cash from operating activities=$2,100,000

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:
Office Expenses Total Allocation Basis
Salaries $48,000 Number of employees
Depreciation 24,000 Cost of goods sold
Advertising 47,000 Net sales
Item Drilling Grinding Total
Number of employees 1,200 1,800 3,000
Net sales $346,000 $519,000 $865,000
Cost of goods sold $102,600 $167,400 $270,000
The amount of the total office expenses that should be allocated to Drilling for the current period is:
a. $60,120.
b. $90,600.
c. $105,200.
d. $152,000.
e. $600,000.

Answers

Answer:

$44,377

Explanation:

Note: The answers (options) attached this question belongs to another question

Particulars                                                             Amount

Salaries ($48,000*1,200/3,500)                           $16,457

Depreciation ($24,000*$102,600/$270,000) $9,120

Advertising ($47,000*$346,000/$865,000) $18,800

Total                                                                       $44,377

Raymond has a complex question. He would like to use the database to answer the question. He should__


conduct a search

complete a questionnaire

sort

conduct a query

Answers

Answer:

conduct a query.

Explanation:

I think it's between search and query.

The Lunch Counter is expanding and expects operating cash flows of $32,500 a year for seven years as a result. This expansion requires $28,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $2,800 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 14 percent

Answers

Answer:

$109,688.89

Explanation:

According to the scenario, computation of given data are as follows,

Formula for Net present value are as follows,

NPV = -Investment in fixed asset - Net working Capital + Operating cashflow × ( 1 - [tex](1+r)^{-n}[/tex]) ÷ r + Net working capital ×[tex](1+r)^{-n}[/tex]

Where, r = rate of return

n = number of years

By putting the value, we get

NPV = -28,000 - 2,800 + 32,500 × ( 1 - [tex](1+0.14)^{-7}[/tex]) ÷ 0.14 + 2,800 × [tex](1+0.14)^{-7}[/tex]

By solving the above equation, we get

NPV = $109,688.89

Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of 1,100 shares of $100 par, 7% cumulative, non participating preferred stock and 14,000 shares of $5 par common stock. On January 10, Peeler issued for cash 590 shares of preferred stock at $124 per share and 4,100 shares of common stock at $80 per share. On January 20, it issued 1,300 shares of common stock to acquire a building site at a time when the stock was selling for $70 per share.

During 2017, Peeler established an employee benefit plan and acquired 500 shares of common stock at $60 per share as treasury stock for that purpose. Later in 2017, it resold 100 shares of the stock at $65 per share. On December 31, 2017, Peeler determined its net income for the year to be $40,000. The firm declared the annual cash dividend to preferred stockholders and a cash dividend of $5 per share to the common stockholders. The dividends will be paid in 2018.

Required
Develop the Stockholders’ Equity category of Peeler’s balance sheet as of December 31, 2017. Indicate on the statement the number of shares authorized, issued, and outstanding for both preferred and common stock.

Answers

Answer:

Peeler Company

Stockholders' Equity

Peeler's Balance Sheet as of December 31, 2017

Authorized share capital:

1,100 shares of $100 par, 7% cumulative, non-participating preferred stock

14,000 shares of $5 par, common stock

Issued share capital:

590 shares of $100 par, 7% cumulative,

non-participating preferred stock                                  $59,000

Additional paid-in capital-Preferred                                   14,160

5,400 shares of $5 par, Common stock           27,000

400 shares,Treasury stock                                 (2,000)

5,000 shares outstanding, Common stock                    25,000

Additional paid-in capital-Common stock       392,000

Additional paid-in capital (treasury stock)        (21,500)  370,500

Retained earnings                                                                10,870

Explanation:

a) Data and Analysis:  

January 10: Cash $73,160 Preferred stock $59,000 Additional Paid-in Capital-Preferred stock $14,160

January 10: Cash $328,000 Common stock $20,500 Additional Paid-in Capital-Common stock $307,500

January 20: Building site $91,000 Common stock $6,500 Additional Paid-in Capital-Common stock $84,500

Treasury stock $2,500 Additional Paid-in Capital-Common stock $27,500 Cash $30,000

Cash $6,500 Treasury stock $500 Additional Paid-in Capital-Common stock $6,000

Retained earnings:

Net income = $40,000

Dividends:

Preferred stock $4,130 ($59,000 * 7%)

Common stock $25,000 (5,000 * $5)

Total dividends $29,130

Retained earnings $10,870 ($40,000 - $29,130)

Hemisphere Electric may purchase equipment to manufacture a new line of wireless devices for home appliance control. The first cost of the equipment will be $90,000, and the life of the equipment is estimated to be 6 years with a salvage value of $10,000. Different people in marketing have provided revenue estimates that the devices will generate. The estimates range from a low of $10,000 to a high of $20,000, with an average of $16,000 per year. If the MARR is 7% per year, use PW to determine if these different estimates will change the decision to purchase the equipment.
The present worth of low estimate range is $___.
The present worth of average estimate range is $___.
The present worth of high estimate range is $___.
The $10,000 revenue estimate____to select the purchase.
The $16,000 revenue estimate____the purchase.
The $20,000 revenue estimat____the purchase.

Answers

Answer:

hi how are you doing today Jasmine

Expansionary monetary policy occurs when: Group of answer choices a central bank acts to decrease the money supply in an effort to stimulate the economy. Congress and the president increase taxes in an effort to stimulate the economy. Congress and the president decrease taxes in an effort to stimulate the economy. a central bank acts to increase the money supply in an effort to stimulate the economy.

Answers

Answer: A central bank acts to increase the money supply in an effort to stimulate the economy.

Explanation:

When a country is seeing an expansionary monetary policy, it means that the Central bank in the country is increasing the money supply in order to stimulate the economy and increase aggregate production in the economy.

Increasing money supply would lead to more people having cash which would reduce the cost of borrowing money since everyone now has more savings. As the cost of borrowing is less, more entities borrow for investment which would then lead to increased production and economic growth.

The 2020 accounting records of Novak Corp. reveal these transactions and events.

Payment of interest $10,000 Collection of accounts receivable $190,100
Cash sales 50,800 Payment of salaries and wages 57,100
Receipt of dividend revenue 18,800 Depreciation expense 16,300
Payment of income taxes 16,900 Proceeds from sale of vehicles 12,100
Net income 38,400 Purchase of equipment for cash 22,800
Payment of accounts payable Loss on sale of vehicles 2,900
for merchandise 115,600 Payment of dividends 14,200
Payment for land 73,300 Payment of operating expenses 28,300

Required:
Prepare the cash flows from operating activities section using the direct method.

Answers

Answer:

         Statement of Cash Flows (Direct Method)

          For Year Ended December 31, 2020

Particulars                                             Amount

Cash Flows from operating activities:

Cash Receipts from:

Customers ($50800+ $190100)   $240,900

Dividend Revenue                         $18,800           $259,700

Less: Cash payments:  

For Interest                                     -$10,000

For Income Taxes                          -$16,900

To suppliers for Merchandise       -$115,600

For Salaries and wages                  -$57,100

For Operating Expenses                -$28,300     -$227,900

Net Cash provided by operating activities       $31,800

The following information relates to the only product sold by Harper Company. Sales price per unit $ 45 Variable cost per unit 27 Fixed costs per year 247,000 a. Compute the contribution margin ratio and the dollar sales volume required to break even. b. Assuming that the company sells 20,000 units during the current year, compute the margin of safety (in dollars).

Answers

Answer and Explanation:

The computation is shown below

a.

For Contribution Margin ratio

We know that

Contribution margin per unit = Sale price per unit - Variable cost per unit

= $45 - $27

= $18

Now  

Contribution margin ratio = Contibution Margin per unit ÷ Sale price per unit

= $18 ÷ $45

= 0.4

Now

Break even sales dollar

Break even sales = Fixed Cost ÷ Contribution margin ratio

= $247,000 ÷ 0.4

= $617,500

b.

For Margin of Safety

The Margin of safety = Actual sales - Break Even Sales

where,

Actual sales(in $) = 20000 × 45

= $900,000

So, Margin of safety is

= $900,000 - $617,500

= $282,500

During 2020, Lincoln Company hires 12 individuals who are certified to be members of a qualifying targeted group. Each employee works in excess of 600 hours and is paid wages of $13,600 during the year. Lincoln Company's work opportunity credit is_____.

Answers

Answer:

The work opportunity credit is $28,800

Explanation:

As we can see that the employees work more than 400 hours so here the company would be eligible for taking the full credit

The credit should be claimed till 40% of the first $6,000 that could allowed maximum credit of $2,400 per employee

Work opportunity credit is

= (6000 × 40%) × 12 individuals

= $28,800

Hence, the work opportunity credit is $28,800

Direct Materials Variances
The following data relate to the direct materials cost for the production of 2,100 automobile tires:
Actual: 58,400 lbs. at $1.95 $113,880
Standard: 56,600 lbs. at $2.00 $113,200
a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Price variance $
Quantity variance $
Total direct materials cost variance $

Answers

Answer and Explanation:

The computation is given below:

We know that

Direct Material Price variance = (Actual Price - Standard Price) × 58400

= ($1.95 - $2) × 58400

= $2,920 Unfavourable

Direct Material Quantity variance = (Standard Quantity - Actual Quantity) ÷ Standard Price

= (56,600 - 58,400) × 2

= $3,600 Unfavourable

and,

Direct Material Cost variance = Standard Cost - Actual Cost

= $113,200 - $113,880

= $680 Unfavourable

Rippelmeyer Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During June, the kennel budgeted for 3,600 tenant-days, but its actual level of activity was 3,550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for June:

Fixed element per month Variable element per tenant day
Revenue _____________ $34,80
Wages and salaries $3900 $6
Expendables 400 9.7
Facility expenses 9400 4.5
Administrative expenses 7400 0.20
Total expenses 21,100 20.40

Actual results for May:
Revenue $73540
Wages and salaries 16170
Expendables 19735
Facility expenses 18125
Administrative expenses 7600

The net operating income in the planning budget for May would be closest to:
a. $9,140
b. $11,626
c. $12,200
d. $8,420

The net operating income in the flexible budget for May would be closest to:
a. $9,140
b. $8,420
c. $11,626
d. $12,200

Answers

Answer:

Rippelmeyer Kennel

The net operating income in the planning budget for May would be closest to:

= $30,740.

Explanation:

a) Data and Calculations:

Budgeted tenant-days = 3,600

Actual tenant-days = 3,550

Actual results for May:

Revenue                          $73,540

Wages and salaries         $16,170

Expendables                     19,735

Facility expenses              18,125

Administrative expenses  7,600

Total expenses             $61,630

Net operating income   $11,910

                                    Fixed element     Variable element    Total

                                       per month          per tenant day

Revenue                                                      $34.80           $125,280

Wages and salaries         $3,900                 $6.00            $25,500

Expendables                         400                    9.70              35,320

Facility expenses              9,400                    4.50              25,600

Administrative expenses 7,400                    0.20                  8,120

Total expenses               21,100                   20.40            $94,540

Net Operating Income                                                       $30,740

The article entitled​ "Supply Side of the Economy is​ Flashing" best reflects A. The partiality of money B. That absent increases in labor productivity increases in aggregate demand will only spur inflation in the long run C. Increases in aggregate demand will lower the natural rate of unemployment with will spur increases in supply D. That economic growth can be boosted by​ "juicing demand, such as with tax cuts or spending​ increases"

Answers

Answer:

D. That economic growth can be boosted by​ "juicing demand, such as with tax cuts or spending​ increases"

Explanation:

Supply-side economics represents the theory in which the tax would be cut for the rich population for an economy this would rise the savings and the investment capacity.

The other options would be considered incorrect as the supply side of the economy would not be the partiality of money. The rise in the labor productivity rise the aggregate demand and at the time when there is a rise in the aggregate demand so the natural rate of unemployment would decline also it does not represent the supply side

Orin creates an irrevocable living trust to pass his 1/3rd of his assets, including stock in Petro Oil Company and other business investments, to his heirs. One advantage of this arrangement is that A. the trust earnings become public. B. the assets are doubled. C. Orin avoids having to pay death taxes on these assets. D. the assets can be transferred without going through probate.

Answers

Answer:

C. Except it isn't Orin that will avoid the taxes, but his heirs.

Explanation:

Baskin Promotions, Incorporated sells T-shirts decorated for a variety of concert performers. The company has developed the following budget for the coming year based on a sales forecast of 77,000 T-shirts: Sales $ 1,345,190 Cost of Goods Sold 786,940 Gross Profit 558,250 Operating Expenses ($100,000 is fixed) 406,460 Operating Income 151,790 Income Taxes (30% of operating income) 45,537 Net Income $ 106,253 Cost of goods sold and variable operating expenses vary directly with sales, and the income tax rate is 30% at all levels of operating income. If the concert season is slow due to poor weather, Baskin estimates that sales could fall to as low as 57,000 T-shirts. What unit cost did Baskin use in budgeting the cost of goods sold for the year

Answers

Answer:

$10.22

Explanation:

The computation of the unit cost used in budgeting the cost of goods sold for the year is shown below;

= Cost of goods sold ÷ number of t-shirts

= $786,940 ÷ 77,000 shirts

= $10.22

By dividing the number of t-shirts from the cost of goods sold we can get the cost of goods sold per unit

hence, the answer is $10.22

COLUMN A
COLUMN B
1.1.1 The tenant has paid R45 500, which includes rent | A Materiality
for one month of the following year. Only
R42 000 is recorded in the Income Statement.
1.1.2 Although the cost prices of the stock items are B Prudence
fluctuating the stock is recorded at cost,
assuming that it will be sold some time in future
1.1.3 The partners' salaries must be reflected
Matching
separately from salaries and wages
1.1.4 Land and building is recorded at the original D Going-
B purchase price of RI 200 000
concern
1.1.5 Money lost due to theft of stock is written off even | E historical cost
though there is a possibility that it may be
recovered in future
A recovered in future​

Answers

Answer:

a

Explanation:

hndi ko alam dito ☺️☺️☺️☺️☺️

Item 1 Lawrin is a real-estate salesperson whose compensation is commission-only. She earns a 3% commission on the sale price of each house that she sells and receives 1.5% commissions at the end of each month (the broker retains the rest per the employment agreement). During the month of July, Lawrin sold two houses totaling $445,260. What is her gross pay for the month of July

Answers

Answer:

Gross pay= $13,357.8

Explanation:

Giving the following information:

Gross commission= 3%

Sales= $445,260

The gross pay is the amount earned before tax and other deductions. We need to use the following formula:

Gross pay= commission rate*sales

Gross pay= 0.03*445,260

Gross pay= $13,357.8

The following are partial income statement account balances taken from the December 31, 2021, year-end trial balance of White and Sons, Inc.: restructuring costs, $300,000; interest revenue, $40,000; before-tax loss on discontinued operations, $400,000; and loss on sale of investments, $50,000. Income tax expense has not yet been recorded. The income tax rate is 25%. Prepare the lower portion of the 2021 income statement beginning with $800,000 income from continuing operations before income taxes. Include appropriate EPS disclosures. The company had 100,000 shares of common stock outstanding throughout the year.

Answers

Answer:

White and Sons, Inc.

The Lower Portion of the 2021 Income Statement of White and Sons, Inc.

Income from continuing operations   $800,000

Interest revenue                                      40,000

Loss on discontinued operations,       (400,000)

Loss on sale of investments                  (50,000)

Restructuring costs,                             (300,000)

Income before tax                                 $90,000

Income tax (25%)                                    (22,500)

Net income                                            $67,500

Explanation:

a) Data and Calculations:

Restructuring costs, $300,000

Interest revenue, $40,000

Before-tax loss on discontinued operations, $400,000

Loss on sale of investments, $50,000

Income tax rate = 25%

Income from continuing operations = $800,000

b) The restructuring costs of $300,000 are non-recurring costs incurred during the reorganization of White and Sons.  They are reported as non-operating expenses.  Similarly, realized gain or loss on the sale of an investment is reported in the income statement as a separate line item after continuing operations.

Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the operations of Delaware Company. The following information pertains to the exchange.
Santana Co. | Delaware Co.
Equipment (cost) $28,000 | $18,000
Accumulated depreciation 9,000 | 10,000
Fair value of equipment 14,000 | 16,000
Cash given up 2,000
Please indicate whether an account is an asset (A), liability (L), or equity (E) for journal entries, adjusting entries, and closing entries.
Prepare the journal entries to record the exchange on the book of Santana Co. and Delaware Co. Assume that the exchange lacks commercial substance.

Answers

Solution :

We know that the exchange takes place when the FMV receive is equal to the FMV given up.

Where the FMV = fair market value

The commercial substance means the future cash flows exchange.

The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.

The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :

Transaction                                           Debit ($)                 Credit ($)

Asset(new)                                           11,000

Accumulated depreciation(old)          9,000

Asset (old)                                                                       28,000

Cash                                                                                 2000

The journal entries for Delaware Corp. when the exchange lacks the commercial substance.

Transaction                                           Debit ($)                 Credit ($)

Asset(new)                                            16,000  

Accumulated depreciation (old)          10,000

Loss                                                                                      2500

Assets (old)                                                                           28,000                                  

Statement Of Owner's Equity Jay Pembroke started a business in April. Prepare a Statement of Owner's Equity using the following balances for April transactions. Cash $12,165 Accounts Receivable 1,811 Office Supplies 4,747 Prepaid Insurance 1,492 Accounts Payable 346 Jay Pembroke, Capital 17,536 Jay Pembroke, Drawing 100 Service Fees 3,033 Rent Expense 600 You will need to calculate the net income for April.

Answers

Answer:

$2,433

Explanation:

Net Income = Sales - Expenses

where,

Sales = $3,033

and

Expenses = $600

therefore,

Net Income = $3,033 - $600 = $2,433

Never-Die Battery manufactures batteries for industrial and consumer use. The company purchased a commercial package policy (CPP) to cover its property exposures. In addition to common policy conditions and declarations, the policy contains a building and personal property coverage form and an equipment breakdown protection coverage form. The policy also contains the causes-of-loss broad form. With respect to each of the following losses, indicate whether or not the loss is covered.
a. An explosion occurred that damaged the building where finished batteries are stored.
b. Because of the explosion, the company incurred expenses for expedited shipping of replacement parts for machines used to manufacture the batteries.
c. The explosion injured several employees who received emergency treatment at a local hospital.
d. An automatic sprinkler system accidentally discharged in the finished goods building. Some recently manufactured batteries were ruined because of water damage and corrosion.

Answers

Answer:

a. An explosion occurred that damaged the building where finished batteries are stored. COVERED.

The policy covers their property exposures which includes a building and property coverage which means that damage to the building will be covered.

b. Because of the explosion, the company incurred expenses for expedited shipping of replacement parts for machines used to manufacture the batteries. COVERED.

There is a coverage for equipment breakdown as well and because some machines were damaged in the explosion, they will need to be replaced and as they qualify as broken down, they will be covered.

c. The explosion injured several employees who received emergency treatment at a local hospital. COVERED.

With business and property insurance, employees are covered in the policy when they incur injuries related to business operations so these employees are covered.

d. An automatic sprinkler system accidentally discharged in the finished goods building. Some recently manufactured batteries were ruined because of water damage and corrosion. COVERED.

The sprinkler is considered equipment so in breaking down its effects are covered by the equipment breakdown so this is covered as well.

Clean123 Inc. performs $1,000 of cleaning services for a customer. After 30 days, the customer pays 50% of the involce with a check. How will
this transaction be recorded?
The customer's payment will be recorded as a debit to(blank)
and a credit to Accounts Receivable.

Answers

Answer:

Debit to CashCredit to Accounts Receivable

Explanation:

When a Receivable pays their bill, the cash account will be debited to show that cash has come into the company because cash is an asset account and assets are debited when they increase.

Accounts Receivable is an asset account as well and when the Receivable pays, they are reducing the amount that they owe(as is the case here) so their account needs to be reduced. Assets are credited when they reduce so this will be credited.

Other Questions
THE FIR TREEOn a separate sheet of paper, answer the following question using at least two quotes. What lesson does this text teach readers and how does it teach the lesson? The perimeter of a square is 20 ft. if you increase the length of the square by two feet what is the area, in square feet, of the new figure?a. 35b. 28c. 22d. 40 Shayanne bought a bag of chips and a burger for $4. Griff bought 2 bags of chips and 3 burgers for $10.50. How much does a bag of chips cost? Question 40 of 43Researchers conduct a study to evaluate the level ofpollution present in a river. They select several locationsalong the river and then take a sample of water from eachlocation.What is the population under study?ILL GIVE BRANLIEST OR HOWEVER YOU SPELL IT what are chromosomes? how are they different between eukaryotes and prokaryotes? PLEASE HELP 40 POINTSFind the value of x in the triangle shown below. One of the following statements was given in the film as the best way to understand genetic differences in human populations. Choose the correct statement that also offers the correct explanation. a. Populations differ by distanceIf we were to walk from the tropics to Norway, what we would see is a continuous change in skin tone. And at no point along that trip would we be able to say this is the place in which we go from the dark race to the light race. b. For race to be more than skin deep, one has to have concordance. In other words, skin color needs to reflect things that are deeper in the body under the skin. But most of human variation is non-concordant. Skin coloris not correlated with height or weight and definitely not correlated with more complex traits like intelligence or athletic performance. c. Its one of the misconceptions that sickle cell disease is an African American or an African disease. Sickle cell trait is not uncommon in people from the Mediterranean regionWhere malaria was common the sickling gene was selectedin Arabia, South Asia, Central and Western, but not Southern Africa. d. If one were to walk across the globe, you would find that in colder climates, people are lighter in skin color due to less melanin production. In warmer climates, you would find people are darker in skin color due to more melanin production. This is a survival mechanism. Suppose you have a 1 x 1 x 1 mm cube. Which statement about thesurface area-to-volume ratio of this cube is correct? Under the good neighbor rule, a buyer of consumer goods, who gives value and does not haveactual or constructive knowledge of the security interest, acquires clear title if there has been no filinga. Trueb. False Dixie cookie company randomly selected 11 people for a taste test of its cookies and 4 of its competitors cookies the graph shows how many people prefer each of the 5 cookies based on the results Dixie cookie company claims that most people prefer to cookies to competitors cookies which to statements identify the flaw in the company's claima.the sample size was too smallb. the sample population was not a representative samplec. there were too many competitor cookies in the taste testd. most of the sample population did not choose the Dixie cookie Find the value of x in the triangle shown below WILL GIVE BRAINLIST PLEASE HELP value of 2x when x = 5 Find the missing length indicated. Leave your answer as radicals in simplest formPlease help, no links Seven students each picked 88 flowers. How many flowers did they pick altogether? Which of the following determined who would be president of the UnitedStates in the election of 1800? I really need help I'm giving a lot of pintsWhich source is the most credible for researching supplies needed for a wagon train journey from St. Louis, Missouri, to Salt Lake City, Utah? A supply list for traveling the Oregon Trail in 1845, published in USA Today A PBS documentary about daily life on a wagon train A photo essay of wagon trains leaving St. Louis, Missouri, 1846-1860 A diary of a teacher who traveled on a wagon train to Salt Lake City please help me!!! im terrible at math. ill mark you brainlist The area of the square is 25 cm2. What is the length of side b?centimeters The Joint Resolution below was passed by Congress on April 6, 1917.Therefore be it resolved by the Senate and the House of Representatives of the United States of America in Congress assembled, that the state of war between the United States and the Imperial German Government which has thus been thrust upon the United States is hereby formally declared; and that the President be, and he is hereby, authorized and directed to employ the entire naval and military forces of the United States and the resources of the Government to carry on war against the Imperial German Government. Which event led to this Joint Resolution?the German invasion of Polandthe United States had a defensive alliance with Britain and Francesubmarine attacks on American shipsa terrorist attack on the World Trade Center and Pentagon