Answer:
Wind turbine
NPV = $82,629.57
IRR = 10%
PVI = 1.09
Biofuel
NPV = $128,431.68
IRR = 12%
PVI = 1.14
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
NPV and IRR can be calculated using a financial calculator
Wind Turbine
Cash flow in year 0 = $-887,600,
Cash flow in year 1 - 4 = 280,000
I = 6%
NPV = $82,629.57
IRR = 10%
Biofuel
Cash flow in year 0 = $-911,100
Cash flow in year 1 - 4 = $300,000
I = 6%
NPV = $128,431.68
IRR = 12%
present value index = 1 + (NPV / initial cost of the the project)
Wind turbine
1 + ($82,629.57 / $-887,600 = 1.09
Biofuel
1 + ( $128,431.68 / $911,100) = 1.14
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Kyoko is a hard-working college senior. One Saturday, she decides to work nonstop until she has answered 150 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.
Time
Total Problems Answered
8:00 AM 0
9:00 AM 60
10:00 AM 105
11:00 AM 135
Noon 150
Use the table to answer the following questions.
The marginal, or additional, benefit from Kyoko’s second hour of work, from 9:00 AM to 10:00 AM, is
45
problems.
The marginal benefit from Kyoko’s fourth hour of work, from 11:00 AM to noon, is
15
problems.
Later, the teaching assistant in Kyoko’s math course gives her some advice. “Based on past experience,” the teaching assistant says, “working on 52.5 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading.
Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?
1 hour working on problems, 3 hours reading
2 hours working on problems, 2 hours reading
3 hours working on problems, 1 hour reading
4 hours working on problems, 0 hours reading
Answer:
c
Explanation:
How can technological innovation help a company become globalized?
Answer:
First, globalization allows countries to gain easier access to foreign knowledge. Second, it enhances international competition—including as a result of the rise of emerging market firms—and this strengthens firms' incentives to innovate and adopt foreign technologies.
Explanation:
Developed manufacturing technologies have changed long-standing practices of productivity and occupation.
What is Technological Innovation?Technology has helped us in overcoming the major limitations of globalization and international trade such as employment barriers, lack of ordinary ethical standards, transportation costs, and uncertainties in knowledge exchange, thereby transforming the marketplace.
Improved air and sea transport have greatly accelerated the worldwide flow of individuals and goods.
All this has both constructed and required more extraordinary interdependence among firms and polities.
When globalization authorizes countries to achieve easier admission to foreign knowledge.
Second, it enhances international competition including as a development of the rise of occurring market firms and this strengthens firms' incentives to innovate and embrace foreign technologies.
Find more information about Technological Innovation here:
https://brainly.com/question/19969274
According to the attraction-selection-attrition (ASA) theory, job applicants Question 27 options: do not typically pay much heed to organizational values when applying for work. with a variety of personal characteristics are preferred by organizations, resulting in a more heterogeneous organization. avoid employment in companies whose values seem incompatible with their own values. avoid other applicants if they are competing for the same jobs.
Answer:
avoid employment in companies whose values seem incompatible with their own values.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Natural Rate of Unemployment (NU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Cyclical unemployment rate (CU).
The attraction-selection-attrition (ASA) theory was developed and introduced by Benjamin Schneider. This theory typically gives the reason why a business firm or organization looks and feels the way it does with respect to the employees and employers.
According to the attraction-selection-attrition (ASA) theory, job applicants avoid employment in companies whose values seem incompatible with their own values. Also, it states that job applicants are usually attracted to colleagues having similar assumptions and values.
On January 1, 2021 Rastell Co signed a long term finance lease for an office building. The terms of the lease required Rastall to pay 16,000 annually beginning December 31, 2021 and continuing each year for 16 years. On January 1, 2021 the present value of the lease payments is 151, 146 discounted at the 7% interest rate implicit in the lease In Rastall’s December 31, 2021, balance sheet, the lease payable should be:
a. $109,200
b. $112,679
c. $221,000
d. $95,679
Answer:
$145,726
Explanation:
Note: The options to this question belongs to another question entirely and that is attached as picture. So, the correct answer is not among the 4 options
Interest expense = Present value of lease payment * Interest rate
Interest expense = $151,146 * 7%
Interest expense = $10,580.22
Particulars Amount
Present value of lease payment $151,146
Add: Interest expense $10.580
Less: Annual Payments ($16,000)
Lease Payable on December 31, 2021 Balance Sheet $145,726
n any quarter the college needs to make available 8 less English sections than Math sections. In any quarter student demand for the optional Philosophy course is half as many sections as English sections. Available classrooms limit the total sections of all three courses to 48 Given these constraints how many sections of each course should the college make available each quarter to meet demand
Answer:
math = 24
English = 16
Philosophy = 8
Explanation:
Given that the college needs to make 8 less English courses available compared to math In each quarter
Let English = x , math = x + 8 ( in each quarter )
philosophy demand by student in each quarter = 1/2*x = x/2
limit of all three courses in a classroom = 48
i.e. x + (x+ 8 ) + x/2 = 48
= 2x + x/2 = 48 - 8
= 2x + x/2 = 40 ∴ 5x / 2 = 40
hence : x = 80 / 5 = 16
The number of sections of each course that the college should make available in each quarter to meet demand
math = x + 8 = 16 + 8 = 24
English = x = 16
Philosophy = x/2 = 16 / 2 = 8
Answer:
Math = 24
English = 16
Philosophy = 8
Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Peyton is to receive $2,408,400 in cash. The purchaser is to assume Peyton's mortgage of $1,445,040 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $28,901 in points charged by the lender. The broker's commission on the sale is $96,336. What is Peyton's amount realized
Answer:
$3,728,203
Explanation:
Particulars Amount
Cash Received $2,408,400
Add: Mortgage assume by purchaser $1,445,040
Less: Broker's commission ($96,336)
Less: Points paid by Peyton ($28,901)
Amount realized $3,728,203
what is jute sacks ?
Explanation:
A burlap sack or gunny sack, also known as a gunny shoe or tow sack, is an inexpensive bag, traditionally made of hessian fabric formed from jute, hemp or other natural fibers. Modern-day versions of these sacks are often made from synthetic fabrics such as polypropylene.
Question 9 TEME is a manufacturer of toy construction equipment. If it pays out all of its earnings as dividends, it will have earnings of 0.3 million per quarter in perpetuity. Suppose that the discount rate, expressed as an effective annual rate (EAR), is 16%. TEME pays dividends quarterly. What is the value of TEME if it continues to pay out all of its earnings as dividends
Answer:
8 million
Explanation:
I solved the question a short while ago
Module 4
Fundamentals of Finance
Cominsky Company purchased a machine on July 1, 2018, for $28,000. Cominsky paid $200 in title fees and county property tax of $125 on the machine. In addition, Cominsky paid $500 shipping charges for delivery, and $475 was paid to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 6 years with a salvage value of $3,000.
Determine the depreciation base of Cominsky’s new machine. Cominsky uses straight-line depreciation.
Depreciation base $
Entry field with incorrect answer now contains modified data
Answer:
$26,300
Explanation:
Depreciation Base is the total amount charged to expenses over an asset's useful life.
In Straight line method of Depreciation:
Depreciation Base = (Cost of Asset - Salvage Value)
Cost of Asset $28,000 + $200 + $125 + $500 + $475
Cost of Asset = $29,300
Depreciable Base = $29,300 - $3,000
Depreciable Base = $26,300
A company has current assets of 100,000, total assets of 250,000, current liabilities of 20,000, and long-term liabilities of 50,000. How much of its existing current assets can the company use to acquire equipment without allowing its current ratio to decline below 2.0 to 1
Answer:
$60,000
Explanation:
The computation is shown below
Here the current liabilities is $20,000
And, the current ratio is 2:1
So, as we know that
The current ratio = Current assets ÷ current liabilities
So, the current asset is $40,000
= $40,000 ÷ 20,000
= 2.0 to 1
Now the amount required to purchase an equipment is
= $100,000 - $40,000
= $60,000
The IRS agent who audited the Form 1120 filed by Alano Inc. concluded that $300,000 of the salary that Alano paid to its CEO and sole shareholder was a constructive dividend. As a result: Multiple Choice The CEO/shareholder's taxable income increases by $300,000. Alano must distribute an additional $300,000 cash to the CEO/shareholder Alano must distribute an additional $300,000 cash to the CEO/shareholder. Alano's taxable income increases by $300,000.
Answer: Alano's taxable income increases by $300,000.
Explanation:
Constructive dividends are paid to a shareholder and classified in such a way that they are not to be seen as taxable dividends.
If during auditing however, the IRS determines that it was indeed a taxable dividend, it becomes a constructive dividend.
Constructive dividends are taxable by definition so Alano's taxable income increases by the amount of dividend of $300,000.
Kim's Bridal Shoppe has 10,400 shares of common stock outstanding at a price of $38 per share. It also has 225 shares of preferred stock outstanding at a price of $89 per share. There are 540 bonds outstanding that have a coupon rate of 5.7 percent paid semiannually. The bonds mature in 19 years, have a face value of $1,000, and sell at 94 percent of par. What is the capital structure weight of the common stock
Answer:
42.83%
Explanation:
The computation of the weight of the common stock is shown below
= Common stock ÷ Total capital
= $395,200 ÷ $922,825
= 42.83%
Working note
For Common Stock
= 10,400 shares × $38
= $395,200
For Preferred Stock
= 225 shares × $89
= $20,025
Bonds Outstanding
= 540 Bonds × $1,000 × 94% of par
= $507,600
Now the Total capital is
= $395,200 + $20,025 + $507,600
= $922,825
Swifty Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $26 per year. During November 2019, Swifty sells 27,120 subscriptions beginning with the December issue. Swifty prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue.
1. Prepare the entry in November for the receipt of the subscriptions (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
2. Prepare the adjusting entry at December 31, 2015, to record sales revenue recognized in December 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
A. Dr Cash $705,120
Cr Unearned subscription revenue
B. Dr Unearned subscription revenue $58,760
($705,120 *1/12)
Cr Subscription revenue $58,760
Explanation:
a) Preparation of the entry in November for the receipt of the subscriptions
Dr Cash $705,120
(27,120*$26)
Cr Unearned subscription revenue $705,120
(To record the receipt of the subscriptions)
b) Preparation of the adjusting entry at December 31, 2015, to record sales revenue recognized in December 2015
Dr Unearned subscription revenue $58,760
($705,120 *1/12)
Cr Subscription revenue $58,760
(To record sales revenue recognized)
Last year (2016), Sarasota Condos installed a mechanized elevator for its tenants. The owner of the company, Ron Richter, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfort of ride, and cost efficiency. Upon returning from the exhibition, he asked his purchasing agent to collect price and operating cost data on the new elevator. In addition, he asked the company’s accountant to provide him with cost data on the company’s elevator. This information is presented below.:
Old Elevator New Elevator
Purchase price $103,500 $159,000
Estimated salvage value 0 0
Estimated useful life 5 years 4 years
Depreciation method Straight-line Straight-line
Annual operating costs
other than depreciation:
Variable $34,000 $11,000
Fixed 23,900 8,200
Annual revenues are $241,000, and selling and administrative expenses are $30,000, regardless of which elevator is used. If the old elevator is replaced now, at the beginning of 2017, Bramble Condos will be able to sell it for $25,900.
Required:
Determine any gain or loss if the old elevator is replaced.
Answer:
$56,900 loss
Explanation:
Calculation to determine any gain or loss if the old elevator is replaced.
First step is to calculate the Book value of old Elevator
Purchase price $103,500
Less: Depreciation expense for the year 2016 (($103,500-0)/5) $ 20,700
Book value of old Elevator $ 82,800
($103,500-$20,700)
Now let calculate any gain or loss if the old elevator is replaced.
Book value of old Elevator $ 82,800
Less: Sold of old Elevator $25,900
Loss on Sales of old Elevator $56,900
Therefore the loss if the old elevator is replaced is $56,900
Larry Mattingly turned 20 years old today. His grandfather had established a trust fund that will pay him $84,000 on his next birthday. However, Larry needs money today to start his college education, and his father is willing to help. Mr. Mattingly has agreed to give Larry the present value of the $84,000 future cash inflow, assuming a 10 percent rate of return. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Determine the amount of cash that Larry Mattingly's father should give him.
Answer:
Present Value = $76363.636363 rounded off to $76363.64
Explanation:
The present value can be calculated using the following formula,
Present Value = Future Value / (1+r)^t
Where,
r is the rate of returnt is the time periodPresent Value = 84000 * (1+0.10)^1
Present Value = $76363.636363 rounded off to $76363.64
Use the following information to prepare the July cash budget for Acco Co. It should show expected cash receipts and cash payments for the month and the cash balance expected on July 31.
a. Beginning cash balance on July 1: $74,000.
b. Cash receipts from sales: 25% is collected in the month of sale, 50% in the next month, and 25% in the second month after sale (uncollectible accounts are negligible and can be ignored). Sales amounts are May (actual), $1,920,000; June (actual), $1,420,000; and July (budgeted), $1,550,000.
c. Payments on merchandise purchases: 80% in the month of purchase and 20% in the month following purchase. Purchases amounts are: June (actual), $460,000; and July (budgeted), $740,000.
d. Budgeted cash payments for salaries in July: $260,000. Budgeted depreciation expense for July: $10,000.
e. Other cash expenses budgeted for July: $280,000.
f. Accrued income taxes due in July: $50,000.
g. Bank loan interest paid in July: $7,000.
Answer:
Acco Co.
Acco Co. Cash Budget for the month of July
Beginning balance $74,000
Expected cash receipts 1,575,000
Cash in hand $1,651,500
Payments:
Purchases $684,000
Salaries 260,000
Other cash expenses 280,000
Accrued income taxes 50,000
Bank loan interest 7,000
Expected cash payments $1,281,000
Expected cash balance $370,500
Explanation:
a) Data and Calculations:
a. Beginning cash balance on July 1: $74,000.
b. Cash receipts from sales: May (acetual) June (actual) July (budgeted)
Sales $1,920,000 $1,420,000 $1,550,000
25% month of sale 387,500
50% in the next month 710,000
25% in the second month 480,000
Total expected cash collections in July $1,575,000
c. Payments on merchandise purchases:
June (actual) July (budgeted)
Purchases $460,000 $740,000
80% in the month 592,000
20% in the following month 92,000
Total payment for purchases $684,000
d. Salaries in July: $260,000
e. Other cash expenses $280,000
f. Accrued income taxes $50,000
g. Bank loan interest $7,000
What does it mean if a company's website has a high bounce rate?
1. Potential customers who click on their ad are only visiting the company's home page.
2. Potential customers are not clicking on their ad and are instead clicking on the ads of their competitors.
3. Potential customers are clicking on their ad and the company's website is holding their interest enough for them to explore other page links.
4. The company's website ranks high in a search engine's unpaid results.
5. The company has successfully engaged customers to pass along information to other potential customers.
Answer:
. Potential customers who click on their ad are only visiting the company's home page.
Explanation:
Bounce rate measures the rate at which people open a website and then leave immediately. bounce rate is measured by the number of people who only view a page.
If a company has a high bounce rate, it means that the company is not successfully engaging its customers
Reasons for a high bounce rate
the information or content on the website is not relevant to usersthe website takes too long to loadExcessive advertisement on the websiteWhy is having a long credit history with a few blemishes that were corrected better than a short history that is clear? edg
Overhead Application, Activity-Based Costing, Bid Prices Firenza Company manufactures specialty tools to customer order. Budgeted overhead for the coming year is:
Purchasing $40,000
Setups 37,500
Engineering 50,000
Other 40,000
Previously, Sanjay Bhatt, Firenza Company's controller, had applied overhead on the basis of machine hours. Expected machine hours for the coming year are 50,000. Sanjay has been reading about activity-based costing, and he wonders whether or not it might offer some advantages to his company. He decided that appropriate drivers for overhead activities are purchase orders for purchasing, number of setups for setup cost, engineering hours for engineering cost, and machine hours for other. Budgeted amounts for these drivers are 5,000 purchase orders, 500 setups, and 2,500 engineering hours. Sanjay has been asked to prepare bids for two jobs with the following information:
Job 1 Job 2
Direct materials $4,600 $9,340
Direct labor $1,200 $2,200
Number of purchase orders 15 20
Number of setups 3 4
Number of engineering hours 45 10
Number of machine hours 200 200
The typical bid price includes a 40 percent markup over full manufacturing cost.
Required:
1. Calculate a plantwide rate for Firenza Company based on machine hours.
2. Calculate activity rates for the four overhead activities. What is the bid price of each job using these rates?
3. Which bids are more accurate?
Answer:
Firenza Company
1. Plantwide overhead rate based on machine hours = $3.35
2. Overhead Rates:
Purchasing $8 per purchase order
Setups $75 per setup
Engineering $20 per engineering hour
Other $8 per machine hour
Plantwide rate ABC rates
Bid prices
Job 1 $6,470 $12,103
Job 2 $12,210 $19,320
3. The bids based on ABC rates are more accurate.
Explanation:
a) Data and Calculations:
Budgeted overhead for the coming year is:
Purchasing $40,000
Setups 37,500
Engineering 50,000
Other 40,000
Total overhead $167,500
Expected machine hours = 50,000
Plantwide overhead rate based on machine hours = $3.35 ($167,500/50,000)
Overhead Usage / Cost Driver Overhead Rates
Purchasing $40,000 5,000 purchase orders $8/purchase order
Setups 37,500 500 setups $75/ setup
Engineering 50,000 2,500 engineering hours $20/eng. hour
Other 40,000 5,000 machine hours $8 /machine hour
Job Costing based on Plantwide rate:
Job 1 Job 2
Direct materials $4,600 $9,340
Direct labor 1,200 2,200
Overhead costs: 670 670
Total production costs $6,470 $12,210
Job Costing based on ABC rates:
Job 1 Job 2
Direct materials $4,600 $9,340
Direct labor $1,200 $2,200
Overhead costs: $2,845 $2,260
Total costs of production $8,645 $13,800
Markup (40%) $3,458 $5,520
Selling price $12,103 $19,320
Number of purchase orders $120 (15*$8) $160 (20*$8)
Number of setups 225 (3*$75) 300 (4*$75)
Number of engineering hours 900 (45*$20) 200 (10*$20)
Number of machine hours 1,600 (200*$8) 1,600 (200*$8)
Overhead costs: $2,845 $2,260
Policy is designed to shift the aggregate B) curve by the federal government changing its C) and D) policies. An E) fiscal policy would attempt to speed up the economy by shifting this curve to the F) . This would be accomplished by the government spending G) than it took received in taxes. Such a policy would result in a budgetary H) . Such a policy would be employed to get the economy out of a I) and fight the undesirable economic phenomenon of J).
Answer:
There are no options included so I will give the answers as beat I can based on economic knowledge.
FISCAL policy is designed to shift the aggregate DEMAND curve by the federal government changing its SPENDING and TAXATION policies.
The government can influence the economy through fiscal policy. It does this by changing its taxation and spending policies to either increase economic growth or reduce overheating.
An EXPANSIONARY fiscal policy would attempt to speed up the economy by shifting this curve to the RIGHT. This would be accomplished by the government spending MORE than it took received in taxes. Such a policy would result in a budgetary DEFICIT .
With an expansionary policy, the government would increase it's spending such that it would be more than the taxation imposed. With the government spending more than they brought it from taxes, a budget deficit will result.
Such a policy would be employed to get the economy out of a RECESSION and fight the undesirable economic phenomenon of UNEMPLOYMENT.
When the economy is going through a recession, the economy will be facing a decline so in order to renew growth, the government would spend more to bring it out of a decline and therefore prevent or reduce unemployment.
factorize the following algebraic expressions.
m²-64n⁴
Answer:
Factorization of the expression = [m - 8n²][m + 8n²]
Explanation:
Given expression;
m²- 64n⁴
Find:
Factorization of the expression
Computation:
m²- 64n⁴
m²- [(8n²)]²
Using formula;
a² - b² = (a + b)(a - b)
By putting value in above formula;
So,
Factorization of the expression = m²- [(8n²)]²
Factorization of the expression = (m)²- [(8n²)]²
Factorization of the expression = [m - 8n²][m + 8n²]
Write a paragraph about Bad customer service
Answer:
Bad customer service can be defined as when a business fails to meet the customer expectations in terms of service quality, response time, or overall customer experience. ... According to NewVoiceMedia, an estimated $62 billion is lost by U.S. businesses each year following negative customer experiences.Poor customer service can cause employees of a business to feel insecure and unhappy at work. Nobody likes being subject to anger from unpleased customers and without sufficient strategies in place to deal with these complaints, employees are far more likely to feel dissatisfied with their jobA company is trying to estimate the cost of debt for a new project. For their estimate, they will find the yield to maturity on existing company bonds. They have one outstanding bond issue at the moment that will mature in 15.00 years. The bond pays an annual coupon of 9.00%, with a face value of $1,000. The bond currently trades at 92.00% of face value. What is the yield to maturity on the existing debt
Answer:
Yield to maturity =9.9%
Explanation:
The yield to maturity is the return on debt expressed in percentage. It can be used to worked as follows using the formula below
YTM =( C + F-P/n) ÷ ( 1/2× (F+P))
C- annual coupon,
F- face value ,
P- current price,
n- number of years to maturity
YM - Yield to maturity
C- 9%× 1000 =90 , P- 92×1000= 920, F- 1000
AYM = 90 + (1000-920)/15 ÷ 1/2× (1000+920)
= 95.33 ÷ 960
Yield to maturity =9.9%
if the market price of common stock increases substantially, bondholders with convertible bonds benefit. convertible bonds can be converted into common stock at the option of the issuing company. bondholders with convertible bonds receive interest on the bonds until conversion. convertible bonds sell at a higher price and pay a lower rate of interest than those without the conversion option.
Answer:
if the market price of common stock increases substantially,
bondholders with convertible bonds benefit.
Explanation:
A convertible bond is a fixed interest debt security. The number of common shares into which it can be converted is predetermined at the issuance date. While the conversion can be done at certain time in the life of the bond, the decision to convert is usually at the discretion of the bondholder. As investors, bondholders opt to convert when it would be most profitable. This happens when the market price of the common stock increases.
Prepare journal entries to record the following transactions involving the short-term securities investments of Krum Co., all of which occurred during year 2017. On August 1, paid $78,000 cash to purchase Houtte's 12% debt securities ($78,000 principal), dated July 30, 2017, and maturing January 30, 2018 (categorized as available-for-sale securities). On October 30, received a check from Houtte for 90 days' interest on the debt securities purchased in transaction a. (Use 360 days in a year. Do not round your intermediate calculations.)
Answer:
Journal entries are shown below.
Explanation:
According to the scenario, computation of the given data are as follows,
Short-term security investment = $78,000
Debt securities rate = 12%
Interest on debt securities for 90days = $78,000 × ( 12% × 90÷360 )
= $2,340
So, Journal entries are as follows,
(a) Aug.1, 2017 Short-term security investment A/c Dr. $78,000
To, Cash A/c $78,000
(Being purchase of debt security is recorded)
(b) Oct.30, 2017 Cash A/c Dr. $2,340
To, Interest A/c $2,340
(Being interest received is recorded)
Which of the following is not true of the 3 level variance analysis of operating income?
a. Level 2 shows the direct material price and efficiency variances
b. Level 2 shows the sales-volume variance for operating income
c. Level 3 shows the fixed overhead production volume variance as a component of the sales-volume variance for operating income
d. Level 1 shows the static budget variance for operating income
Answer:
The option that is not true of the 3 level variance analysis of operating income is:
a. Level 2 shows the direct material price and efficiency variances
Explanation:
The operating income can be analyzed in three levels. The first level is the static budget versus actual results variance, which shows the difference between the planning budget and the actual results. The second level is the sale-volume variance, while the third level shows the fixed overhead variance. This can be collapsed into level 2, with the final level showing more details about direct material price and efficiency variances, etc.
Sysco Corporation, formed in 1969, is the largest global distributor of food service products, serving over 500,000 restaurants, hotels, schools, hospitals, and other institutions. The following summarized transactions are typical of those that occurred in a recent year (dollars are in millions).
a. Purchased buildings costing $432 and equipment costing $254 for cash.
b. Borrowed $119 from a bank, signing a short-term note.
c. Provided $55,371 in service to customers during the year, with $28,558 on account and the rest received in cash.
d. Paid $132,074 cash on accounts payable.
e. Purchased $41,683 of inventory on account.
f. Paid payroll, $6,540 during the year.
g. Received $22,043 on account paid by customers.
h. Purchased and used fuel of $1,750 in delivery vehicles during the year (paid for in cash).
i. Declared $698 in dividends at the end of the year to be paid the following year.
j. Incurred $121 in utility usage during the year; paid $110 in cash and owed the rest on account.
Required: For each of the transactions,
prepare journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.)
Required: For each of the transactions,
prepare journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions.)
View transaction list
Journal entry worksheet
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Purchased buildings costing $432 and equipment costing $254 for cash.
Note: Enter debits before credits.
Transaction General Journal Debit Credit
Record entry Clear entry View general journal
Answer:
Sysco Corporation
General Journal
Transaction a
Debit : Buildings $432
Debit : Equipment $254
Credit : Cash $686
Transaction b
Debit : Cash $119
Credit : Note Payable $119
Transaction c
Debit : Accounts Receivable $28,558
Debit : Cash $26,813
Credit : Service Revenue $55,371
Transaction d
Debit : Accounts Payable $132,074
Credit : Cash $132,074
Transaction e
Debit : Merchandise Inventory $41,683
Credit : Accounts Payable $41,683
Transaction f
Debit : Salaries expense $6,540
Credit : Cash $6,540
Transaction g
Debit : Cash $22,043
Credit : Accounts Receivable $22,043
Transaction h
Debit : Fuel expense $1,750
Credit : Cash $1,750
Transaction i
Debit : Dividends $698
Credit : Dividends for Shareholders $698
Transaction j
Debit : Utilities expense $121
Credit : Cash $110
Credit : Accounts payable $21
Explanation:
When there is no immediate payment of cash for expenses incurred, raise a liability - accounts payable. Otherwise recognize cash.
One of the skills that most leads to success in the workplace is:
A. keeping your thoughts to yourself.
B. ignoring unimportant regulations.
C. working well as part of a team.
D. choosing to work at any time you want.
There are different kinds of skills. One of the skills that most leads to success in the workplace is working well as part of a team.
It is very essential to note that when one work with others in a work place, it is good to depends on others sometimes and this can bee done through interaction.
Positive interactions in the workplace often increase good feelings, increase morale and boast work satisfaction. Success in the workplace is not based on intelligent you are or your qualifications.
Learn more about skills from
https://brainly.com/question/3687780
For each of the following scenarios, determine whether the situation described can be attributed to the real-balances effect, the interest-rate effect, or the foreign-purchases effect.
a. As a result of an increase in the price level, the cost of borrowing increases, which causes people to buy fewer cars.
1. Real-balances effect
2. Foreign-purchases effect
3. Interest-rate effect
b. When the price level decreases, restaurants become busier as more people purchase restaurant meals.
1. Real-balances effect
2. Foreign-purchases effect
3. Interest-rate effect
Answer:
A)Interest-rate effect
B)Real-balances effect
Explanation:
✓The interest rate effect can be regarded as change in borrowing as well as spending behaviors as a consequence or result of adjustment of interest rate. As a general rule, interest are been set by central bank of the nation, then consumer banks will then extend similar interest rates across their customers. For instance
As a result of an increase in the price level, the cost of borrowing increases, which causes people to buy fewer cars.
✓ In economics, real balance effect can be regarded as "Pigou effect" which can be regarded as stimulation of output as well as employment which is been caused as a result of increased consumption through a rise in real balances of wealth, especially during time of deflation. Instance of this is
When the price level decreases, restaurants become busier as more people purchase restaurant meals.
Deleon Inc. is preparing its annual budgets for the year ending December 31,2020. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 404,800 203,400 $22 $27 Unit selling price Production budget: Desired ending finished goods units 18,100 29,200 Beginning finished goods units 33,700 11,400 Direct materials budget: Direct materials per unit (pounds) 1 18,600 Desired ending direct materials pounds 33,600 Beginning direct materials pou 41,000 11,300 $3 $3 Cost per pound Direct labor budget: Direct labor time per unit 0.3 0.6 Direct labor rate per hour $11 $11 Budgeted income statement: $12 $21 Total unit cost 92 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter sho selling expenses of $664,000 for product JB 50 and $363,000 for product JB 60, and administrative expenses of $542,000 for product JB 50 and $344,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%.
Prepare the sales budget for the year.
Answer:
Sales Budget - Deleon Inc.
Particulars JB50 JB60 Total
Expected unit sales 404,800 203,400
Selling price per unit $22.00 $27.00
Projected Sales Revenue $8,905,600 $5,491,800 $14,397,400