Answer: E. Walmart has significant bargaining power over its suppliers, which decreases the profitability of the suppliers.
Explanation:
Walmart as buyers have significant bargaining power over their suppliers because they are quite large in size and therefore buy in bulk.
As a result of this, they can negotiate prices with suppliers that favor them not the suppliers which will decrease the profitability of the suppliers who would be compelled to sell to Walmart because of how much of their goods Walmart can buy.
Bronco High School issues $10 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 $ 8,800,000 06/30/2021 $ 400,000 $ 440,000 $ 40,000 8,840,000 12/31/2021 400,000 442,000 42,000 8,882,000 What is the face amount of the bonds
Answer:
the face amount of the bonds is $10 million
Explanation:
the journal entry to record the issuance of the bonds is:
January 1, 2021, bonds issued at a discount
Dr Cash 8,800,000
Dr Discount on bonds payable 1,200,000
Cr Bonds payable 10,000,000
the face value of the bonds = total amount of the issue, while the carrying value of the bonds = face value - discount = $10,000,000 - $1,200,000 = $8,800,000
g The following information pertains to Lee Corp.'s defined benefit pension plan for year 2: Service cost $160,000 Actual and expected gain on plan assets 35,000 Unexpected loss on plan assets related to a year 1 disposal of a subsidiary 40,000 Amortization of unrecognized prior service cost 5,000 Annual interest on pension obligation 50,000 What amount should Lee report as pension cost in its year 2 income statement
Answer:
$180,000
Explanation:
Calculation for the amount that Lee should report as pension cost in its year 2 income statement
Using this formula
Pension cost =Service cost-Actual and expected return on plan assets+Prior service cost amortization+Interest cost
Let plug in the formula
Pension cost =$160,000 – $35,000 + $5,000 + $50,000
Pension cost =$180,000
Therefore the amount that Lee should report as pension cost in its year 2 income statement will be $180,000
what are some requirements for Postal Service Mail Carriers?( Check all that apply. )
A.) a valid driver license
B.) a civil service exam
C.) a physical exam
D.) a passport
E.) a vocabulary exam
F.) an experience living in at least two states
G.) an age of at least eighteen years
Answer:
a.b,c,gExplanation:
The requirements to work in United States Postal Service department is: a valid driver license, a civil service exam, a physical exam, and an age of at least eighteen years. Thus, the correct options are a, b, c, and f.
What is United States Postal Service?The United States Postal Service (USPS), often known as the Post Office, U.S. Mail, or Postal Service, is a separate executive branch agency that is in charge of delivering postal service across the United States, including its associated states and insular territories.
The person who is interested to work in United States Postal Service department must have a valid driver's license, cleared the civil service exam and a physical exam, and is at least eighteen years of age.
Therefore, the options that apply to the requirements for Postal Service Mail Carriers are A, B, C, and G.
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Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $140,000, and it estimates that 6% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,380 credit balance before the adjustment. (b) a $700 debit balance before the adjustment.
Answer:
estimated bad debt expense = $140,000 x 6% = $8,400
a) balance of allowance for doubtful accounts = $2,380
$8,400 - $2,380 = $6,020
Dr Bad debt expense 6,020
Cr Allowance for doubtful accounts 6,020
b) balance of allowance for doubtful accounts = ($700)
$8,400 + $700 = $7,100
Dr Bad debt expense 7,100
Cr Allowance for doubtful accounts 7,100
Allowance for doubtful accounts is a contra asset account with a normal credit balance.
Mentor Corp. has provided the following information for the current year: Units produced 3,500units Sale price$200per unit Direct materials$70per unit Direct labor$55per unit Variable manufacturing overhead$20per unit Fixed manufacturing overhead$350,000per year Variable selling and administrative costs$30per unit Fixed selling and administrative costs$150,000per year Calculate the unit product cost using variable costing.
Answer:
the unit product cost using variable costing is $145 per unit
Explanation:
The computation of the unit product cost using variable costing is as follows:
= Direct materials per unit + direct labor per unit + variable overhead per unit
= $70 + $55 + $20
= $145 per unit
Hence the unit product cost using variable costing is $145 per unit
We simply applied the above formula so that the correct value could come
And, the same is to be considered
A transformational leadership style would not work well with
a project designed by a team
someone who works best independently
those who appreciate regular feedback
employees who had a strong belief in the company that they work for
Answer:
someone who works best independently
Explanation:
A transformational leadership style is the leadership style in which the leader is involved with the team and works in tandem with them to achieve the set goal.
With this in mind, a transformational leadership style would not work well with someone who works best independently.
During August, Boxer Company sells $360,000 in merchandise that has a one-year warranty. Experience shows that warranty expenses average about 4% of the selling price. The warranty liability account has a credit balance of $12,400 before adjustment. Customers returned merchandise for warranty repairs during the month that used $9,000 in parts for repairs. The entry to record the estimated warranty expense for the month is:
Answer:
Debit Estimated Warranty Liability $12,400
Credit Warranty Expense $12,400
Explanation:
Warranty Expense = 0.04 * Total Sales
Warranty Expense = 0.04 * $360,000
Warranty Expense = $14,400
Warranty Liability Account = Warranty Expense + Opening balance of the Warranty liability Account
Warranty Liability Account = $14,400 + $12,400
Warranty Liability Account = $26,800
The business would incur actual warranty expense of $12,400.
Debit Estimated Warranty Liability $12,400
Credit Warranty Expense $12,400
Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections for May
Answer:
Total cash collection May= $60,000
Explanation:
Giving the following information:
Cash collection:
30% are collected in the month of sale
60% are collected in the first month after sale
10% are collected in the second month after sale.
Sales:
April= $60,000
May= $80,000
We need to calculate the cash collection for May:
Cash collection:
Sales in cash May= (80,000*0.3)= 24,000
Sales in account from April= (60,000*0.6)= 36,000
Total cash collection May= $60,000
Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash 23000 Accounts payable 21000
Investments (short-term) 34000 Notes receivable (long-term) 36000
Accounts receivable 4200 Accrued liabilities payable 5300
Inventory 26000 Additional paid-in capital 90900
Equipment 49000 Retained earnings 33900
Factory building 101000 Notes payable (current) 48,000
Intangibles 4100
During the current year, the company had the following summarized activities:
a. Purchased short-term investments for $8,400 cash.
b. Lent $5,600 to a supplier who signed a two-year note.
c. Purchased equipment that cost $23,000; paid $5,600 cash and signed a one-year note for the balance.
d. Hired a new president at the end of the year. The contract was for $87,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year.
e. Issued an additional 1,400 shares of $0.50 par value common stock for $11,000 cash.
f. Borrowed $16,000 cash from a local bank, payable in three months.
g. Purchased a patent (an intangible asset) for $1,900 cash.
h. Built an addition to the factory for $30,000; paid $8,100 in cash and signed a three-year note for the balance.
i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,100.
Required:
Post the current year transactions to T-accounts for each of the accounts on the balance sheet.
Answer:
Jaguar Plastics Company
Cash Account
Account Titles Debit Credit
Balance 23000
Short-term investments $8,400
Notes Receivable 5,600
Equipment 5,600
Common stock 700
Additional capital 10300
Notes payable 16000
Intangible (Patent) 1900
Equipment (refund) 3100
Investments (short-term)
Account Titles Debit Credit
Balance 34,000
Cash 8,400
Accounts Receivable
Account Titles Debit Credit
Balance 4200
Inventory
Account Titles Debit Credit
Balance 26000
Equipment
Account Titles Debit Credit
Balance 49000
Note payable 17400
Cash 5600
Cash (refund) 3100
Factory building
Account Titles Debit Credit
Balance 101000
Cash 8100
Note Payable (long-term) 21900
Notes receivable (long-term)
Account Titles Debit Credit
Balance 36,000
Cash 5,600
Intangibles
Account Titles Debit Credit
Balance 4100
Cash 1900
Notes payable (current)
Account Titles Debit Credit
Balance 48,000
Equipment 17400
Cash 16000
Common Stock (Calculated)
Account Titles Debit Credit
Balance 78200
Cash 700
Additional paid-in capital
Account Titles Debit Credit
Balance 90900
Cash 10300
Notes Payable (Long-term)
Account Titles Debit Credit
Factory building 21900
Explanation:
a) Data and Calculations:
Cash 23000 Accounts payable 21000
Investments (short-term) 34000 Accrued liabilities payable 5300
Accounts receivable 4200 Notes payable (current) 48,000
Inventory 26000 Additional paid-in capital 90900
Equipment 49000 Retained earnings 33900
Factory building 101000 Common Stock (Calculated) 78200
Notes receivable
(long-term) 36000
Intangibles 4100
After the introductory period, all consumers who have this Platinum Card will...
Answer:
Qualify for an A.P.R. based on their creditworthiness
Explanation:
After the introductory period is over you will be set a new APR
Financial services Consumers, who have Platinum Card after some introductory period, qualify for APR (Annual Percentage Rates).
The qualification for APR depends on the customer's creditworthiness. This is the assessed financial ability of a customer to pay on her credit terms. If the credit performance of the customer is adjudged worthy, the cardholder may be given a Titanium card with a higher credit limit.When a credit card account is opened for a customer, the customer is charged with the introductory rate. Then, after the introductory period, the customers are charged with the APR, which is usually less than the introductory rate.Credit card account holders may also attract penalty APR when the penalty terms are triggered. Some credit card accounts attract variable APR, which means that the rate changes depending on stated circumstances.Thus, the rate charged at the introductory period of a Platinum Card is higher than the APR.
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Data for Yvavxs408 Corporation and its two divisions, Domestic and Foreign, appear below:
Sales revenues, Domestic $620,000
Variable expenses, Domestic $359,700
Traceable fixed expenses, Domestic $ 74,100
Sales revenues, Foreign $478,400
Variable expenses, Foreign $273,000
Traceable fixed expenses, Foreign $ 61,900
(ID#54797) In addition, Yvavxs408's common fixed expenses totaled S167.800 and were allocated as follows: 587,100 to the Domestic division and $80.700 to the Foreign division
What is the segment margin for the Domestic division?
Answer:
Segment margin Domestic = $186,200
Explanation:
Giving the following information:
Sales revenues= $620,000
Variable expenses= $359,700
Traceable fixed expenses= $74,100
To calculate the segment margin for the Domestic division, we need to use the following formula:
Segment margin Domestic = segment contribution margin - traceable fixed expense
Segment margin Domestic = (620,000 - 359,700) - 74,100
Segment margin Domestic = $186,200
Corporation produces shiny discs. A special order has been placed by the customer for 2,200 units of the shiny disc for $27 a unit. While the disc would be modified slightly for the special order, the normal unit product cost for each disc is $20.50:
Direct materials $ 5.80
Direct labor 4.00
Variable manufacturing overhead 2.90
Fixed manufacturing overhead 7.80
Unit product cost $ 20.50
Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs.The customer would like modifications made to each disc that would increase the variable costs by $1.90 per unit and that would require an investment of $16,000 in special equipment that would have no salvage value.This special order would have no effect on Rick Corp.'s other sales. The company has enough spare capacity for producing the special order.What would be the annual financial advantage (disadvantage) for Rick as a result of accepting this special order?a. $40,760b. ($15,700)c. ($2,000)d. $16,200
Answer:
Effect on income= $11,280 increase
Explanation:
Giving the following information:
A special order has been placed by the customer for 2,200 units of the shiny disc for $27 a unit.
Because it is a special order, we will take into account only the differential fixed costs.
First, we need to calculate the total unitary cost and differential fixed costs:
Total unitary variable cost= 5.80 + 4 + 2.9 + 1.9
Total unitary variable cost= $14.6
Total fixed cost= $16,000
Now, we can determine the effect on income:
Effect on income= 2,200*(27 - 14.6) - 16,000
Effect on income= $11,280 increase
On January 1, 2019, Sandhill Corporation acquired machinery at a cost of $1290000. Sandhill adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense for 2022 would be
Answer:
$94,354.29
Explanation:
Depreciation rate = 100/10*2 = 20%
2019 Depreciation = 1290000 * 20% = $258000
2020 Depreciation = 1290000 * 80% * 20% = $206400
2021 Depreciation = 1290000 * 80% * 80% * 20% = $165120
Accumulated depreciation (2019 to 2021) = $258000 + $206400 + $165120 = $629,520
Depreciation expense for 2022 = (1290000 - 629,520) / 7
Depreciation expense for 2022 = 660480 / 7
Depreciation expense for 2022 = $94,354.29
Olive, the owner of Olive’s Orchard, contracts to sell its harvest to Pure Foods, Inc. Later Olive refuses to perform. Pure Foods files a suit to enforce the contract. Olive and Pure Foods are in a state that does not recognize the doctrine of unconscionability. To defend successfully against enforcement of the contract on similar grounds, Olive might rely on traditional notions of a. materiality. b. mistake. c. value. d. fraud.
Answer:
D)fraud
Explanation:
From the question, we are informed about Olive, the owner of Olive’s Orchard, contracts to sell its harvest to Pure Foods, Inc. Later Olive refuses to perform. Pure Foods files a suit to enforce the contract. Olive and Pure Foods are in a state that does not recognize the doctrine of unconscionability. To defend successfully against enforcement of the contract on similar grounds,. In this case, Olive might rely on traditional notions of a fraud. Fraud can be regarded as an act of deception which is intentional to deprive those that fall for it their legal right. It is activities that gives the perpetrator an unlawful gain or to deny a victim their right. It is carried out by people to get financial or personal gain in an unlawful manner. Some types of fraud that are common are are tax fraud, bankruptcy fraud. as well as credit card fraud,
You want to be a millionaire when you retire in 40 years. a. How much do you have to save each month if you can earn an annual return of 9.7 percent
Answer:
the amount that saved each month is $173.21
Explanation:
The computation of the amount that saved each month is as follows:
Here we use the PMT formula
Given that
NPER = 40 × 12 = 480
PMT = 9.7% ÷ 12 = 0.81%
PV = $0
FV = $1,000,000
The formula is shown below:
= PMT(RATE;NPER;PV;-FV;TYPE)
The future value comes in negative
After applying the above formula, the pmt is $173.21
Hence, the amount that saved each month is $173.21
koshys coffe in bagalore is quaint establishment nesteld near mg road in the central business distirct it serves coffee and fruit cake to a clientel that has been enjoying these products for over fifty years the demand for coffee beans is 6600 cases per year each case has 24 ten pound bags it would be distraus fro them to run out of coffe so tye keep a safety stock of 30 cases the cases cost 4800 and it costs 5 per case to order coffee. as coffee is perishable prudct the holding ocst is fairly hight 40/case/year the lead time to recive an order is seven days koshys is open 300 days a year.
What is their annual ordering cost if they order at their EOQ level?
Answer:
812.41
Explanation:
Demand D = 6600 cases
Ordering cost S = 5
Holding cost H= $40
Economic order quantity = EOQ
Q = [tex]\sqrt{2DS/H}[/tex]
Q = [tex]\sqrt{(2*6600*5)/40}[/tex]
Q = [tex]\sqrt{1650}[/tex]
Q = 40.620192
Q = 40.62 cases
Annual ordering cost = D * S / EDQ
Annual ordering cost = 6600 * 5 / 40.62
Annual ordering cost = 33000 / 40.62
Annual ordering cost = 812.4076809453471
Annual ordering cost = $812.41
So, their annual ordering cost if they order at their EOQ level is 812.41
Indirect labor includes:_________ (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a. labor of employees working directly on the product.
b. labor of the maintenance employees.
c. labor of the clerical staff.
Answer:
b labor of the maintenance employees
c labor of the clerical staff
Explanation:
During the production or composition of finished goods, some form of labors are directly or indirectly involved in the manufacturing of such finished product. Where labor is not readily traced to the manufacturing of finished product, such is known as indirect labor.
On the other hand, labor that is directly involved in the composition of finished product is known as direct labor. Examples of indirect labor are ; wages of supervisors , clerical staff, general helpers , material handlers and maintenance workers.
People work for many different reasons, including to be around others and to make a co
Please select the best answer from the choices provided
T
F
Answer:
True
Explanation:
People work for different and diverse reasons. The most common one is to earn their livelihood. However, there are those with sufficient resources to last a lifetime, but they still work.
Some people indeed go to work to be with others. They find identity and comfort in the workplace. To them, work is not about making money, but working is a way of life. A workplace provides social and emotional support to such people, which is important to them more than monetary compensation.
An accountant of a business needs to prepare an income statement, statement of equity (retained earnings), cash flow statement, and .
Answer:
Balance Sheet
Explanation:
At the end of a financial year, the accountant needs to prepare the income statement, cash flow statement, equity (retained earnings), and balance sheet statement. Each of these statements relates to a company's financial performance and status.
The income statement reports the total profit or losses that the business has made in the financial period.The cash flow statement records and tracts the movement of cash in and out of business. It shows cash balances at the end of the period.The equity statement indicates the changes, if any, on retained earnings in that period.The balance sheet reports the values of assets, liabilities, and equity at the end of a period. Its preparation is guided by the accounting equation that assets equal liabilities plus equity.Laramie Trucking's CEO is considering a change to the company's capital structure, which currently consists of 25% debt and 75% equity. The CFO believes the firm should use more debt, but the CEO is reluctant to increase the debt ratio. The risk-free rate, rRF, is 5.0%, the market risk premium, RPM, is 6.0%, and the firm's tax rate is 25%. Currently, the cost of equity, rs, is 11.5% as determined by the CAPM. What would be the estimated cost of equity if the firm used 60% debt?A) 10.95%.
B) 11.91%.C) 12.94%.D) 14.07%.E) 15.29%.
Answer:
Re = 15.29%
Explanation:
beta at current debt level:
11.5% = 5% + (beta x 6%)
6.5% = 6%beta
beta = 6.5% / 6 = 1.083
unlevered beta = 1.083 / {1 + [(1 - tax rate) x debt / equity]} = 1.083 / {1 + [(1 - 40%) x 25 / 75]} = 1.083 / 1.2 = 0.9025
cost of levered beta at 60% debt:
0.9025 = beta / {1 + [(1 - 40%) x 60 / 40]}
0.9025 x 1.9 = beta
beta = 1.7148
Re = 5% + (1.7148 x 6%) = 15.29%
Furniture purchased from Kailash for Rs. 6,000.
Answer:
What's the question or is this a statement?
Explanation:
?
After completing a career search Patrick has decided that he wants to be a paralegal which two skills or abilities are important for him to have in order to excel in this career
A.Research skills be
B.analytical thinking skills
C.creative thinking skills
D.math skills
A three-month forward contract on a stock index is trading at $1000. The current index level is $985.1. Assuming a continuously compounded interest rate of 5%. Additionally, assume that the stock index does not pay any dividends. Which one of the following statements reflects a potential arbitrage strategy:
I. Long the forward contract, short the stock index, and lend at the risk-free rate
II. Short the stock index and lend at the risk-free rate, while entering in a forward contract agree- ment to purchase the asset in three months for $1000.
(a) I alone
(b) II alone
(c) I and II
(d) None of the above
Answer:
d
Explanation:
ddddddddddddddddddddddd
Pepsico experienced great success in Latin America with its numeromania contest which lured consumers promise of big cash prize. They used the same contest in Poland successful. This shows that ?
Answer:
E.leverage experience gained in one country can be used in another country
Multiple- choices
A. Numeromania helped in developing a taste for Pepsi in both countries.
B. Numeromania can be used in cash starved countries.
C. Numeromania can be used in different languages.
D. economically squeezed consumers love Pepsi.
E.leverage experience gained in one country can be used in another country
Explanation:
Pepsico is a Multinational operating in different countries. It is common for a multinational to use different marketing strategies s in different countries based on market research findings. It is also reasonable to implement a strategy that has been successful in one country in other countries.
In this scenario, Pepsico took advantage of the contest strategy in Latin America to implement it in Poland. The company must have observed some similarities between the customers in the two countries.
What is one major drawback of globalization?
Answer:
The oppression of weaker and poorer economies by those that are more robust; “the rich get richer, the poor get poorer”
Explanation:
If an economist is a proponent of free trade amongst nations, what would be concerning about the proliferation of regional trade agreements?
A. The nations involved with regional trade agreements make the economies more independent from each other.
B. Regional trade agreements may restrict trade from outside of the regions in the agreement.
C. Terms of regional trade agreements often conflict with agreements of the Anti- Tariff Act.
Answer: B. Regional trade agreements may restrict trade from outside of the regions in the agreement.
Explanation:
Regional trade agreement is a form of trade agreement usually between two or more countries in a particular region which will allow for easy movement of goods between the borders of that particular region. Examples are North American Free Trade Agreement, European Union etc.
If an economist is a proponent of free trade amongst nations, the economist will be worried that the proliferation of regional trade agreements may restrict trade from outside of the regions in the agreement. This is because there'll only be free trade for the countries that are in that particular region.
Select the correct answer.
Information security professionals hack into computer systems.
A True
B. False
Answer:
true
Explanation:
Answer:
false
Explanation:
Requirements for legal capacity for an individual are that a person must be at least sixteen and intelligent. true false
Answer:
False
Explanation:
You have to be 18
A notary signing agent has been providing signing services with no incidents for over 10 years without undergone a background screning . Therefore. he or she
Answer:
Explanation:
Notary
. In an income statement segmented by product line, the salary of the corporation chief executive officer (CEO) should be: a. allocated to the product lines on the basis of sales dollars. b. allocated to the product lines on the basis of segment margin. c. classified as a traceable fixed expense and allocated to the product lines. d. classified as a common fixed expense and not allocated to the product lines.
Answer:
d. classified as a common fixed expense and not allocated to the product lines.
Explanation:
In the case when the income statement is segmnented by the product line so the salary of the chief executive officer (CEO) would be categorized as a common fixed expenses as it has fixed in a nature so it would not be allocated to the product lines
Therefore as per the given situation, the option D is correct
Hence, the same is to be considered