Business

What is the total number of unique triangles that can be formed with side lengths of 6.5 centimeters, 6 centimeters, and 2.5 centimeters?
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PM Industries has two service departments (Administration and Maintenance) and two operating departments. Departmental costs before allocations are $950,000 for Administration and $1,650,000 for Maintenance. Maintenance costs are allocated on the basis of the number of LPM employees. Administration has 450 employees; Maintenance has 750 employees; Operating Department 1 has 1,350 employees and Operating Department 2 has 1,200 employees. Using the step-down method, how much of the cost from the Maintenance Department will be allocated to Administration
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Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct labor 0.20 hours $ 34.00 per hour $ 6.80 Variable overhead 0.20 hours $ 7.00 per hour $ 1.40 In November the company's budgeted production was 7,300 units, but the actual production was 7,100 units. The company used 1,490 direct labor-hours to produce this output. The actual variable overhead cost was $9,834. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is: Multiple Choice $568 U $596 F $596 U $568 F
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Payment of $1,000 payables *Increases an asset $1,000; decreases an asset $1,000Decreases a liability $1,000; decreases an asset $1,000Decreases a liability $1,000; increases owner's equity $1,000None of the above
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Jessica purchased a home on January 1, 2018 for $580,000 by making a down payment of $230,000 and financing the remaining $350,000 with a 30-year loan, secured by the residence, at 6 percent. During 2018 and 2019, Jessica made interest-only payments on this loan of $21,000 (each year). On July 1, 2018, when her home was worth $580,000 Jessica borrowed an additional $145,000 secured by the home at an interest rate of 8 percent. During 2018, she made interest-only payments on the second loan in the amount of $5,800. During 2019, she made interest only on the second loan in the amount of $11,600. What is the maximum amount of the $32,600 interest expense Jessica paid during 2019 may she deduct as an itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard
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The ___ function returns the year portion of the data/time available
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The required return on the stock of Moe's Pizza is 10.4 percent and aftertax required return on the company's debt is 3.28 percent. The company's market value capital structure consists of 65 percent equity. The company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 1.5 percent. The tax rate is 35 percent. What is the required return for the new project
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Tyrell Company issued callable bonds with a par value of $18,000. The call option requires Tyrell to pay a call premium of $500 plus par (or a total of $18,500) to bondholders to retire the bonds. On July 1, Tyrell exercises the call option. The call option is exercised after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds under each separate situation. 1. The bonds have a carrying value of $15,000. 2. The bonds have a carrying value of $19,000.
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help pls!!!Amy earns an annual salary of $68,500 and is paid bi-weekly. She is in the22% Federal Income Tax Bracket and lives in a state with a 4.5% StateIncome Tax. How much in Federal Income Tax is Amy paying per paycheck?a)$256.88b)$579.62c)$627.92d)$1,255.83
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All of the following are examples of federal government programs available to families in needexcept:A. public housingB. special housing for nuclear families.C. emergency shelter grants for the homeless.D. special housing for aging adults.
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Behan and his wife took title together at the same time to the same real property here in Michigan (while married to each other) and hold the real property as tenants by the entirety. Behan dies while still married to his wife. The estate is a conditional estate, not a fee simple estate. Behan's interest to the described real property, upon Behan's death:a. escheats to the State of Michigan, under the facts of this question b. passes back to the holder of the condition who now holds Behan's interest jointly with Behan's widow c. passes to his wife, assuming she did not intentionally bring about Behan's death d. passes through a probate proceeding, since Behan is now dead
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Tom Jordan is a manager for a McDonald's restaurant. Many of his key responsibilities include analyzing data and making key decisions for the success of his store. Tom's store has been experiencing decreased sales for breakfast services over the past 3 months. Tom is unsure why breakfast revenues are down while lunch and dinner revenues remain unchanged. Tom believes that he can drive revenue up by implementing a few different breakfast promotions such as free coffee or hash browns with the purchase of a meal. Tom performs an extensive analysis of how continuous changes in breakfast promotions could impact his daily revenue. What type of DSS analysis is Tom performing? optimization analysis sensitivity analysis transaction analysis goal-seeking analysis
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40% of sales at supermarkets in the carry the stores' own brand names. 20% of all supermarket sales in carry the stores' own brand names. And in the United States, 14% carry the stores' own brand names. These stores use a __________ strategy to sell other manufacturers' products with their own brand names. generic branding multibranding co-branding private branding multiproduct branding
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Smith and Sons, Inc. Income Statement (in millions) 2016 2015 Net sales 10,300 9,800 Cost of goods sold (5,500) (5,200) Gross profit 4,800 4,600 Selling and administrative expenses (2,800) (2,700) Income from operations 2,000 1,900 Interest expense (300) (250) Income before income taxes 1,700 1,650 Income tax expense (420) (400) Net income 1,280 1,250 Smith and Sons, Inc. Balance SheetAssets Current assets Cash and cash equivalents 450 650Accounts receivable 900 800Inventory 750 900Other current assets 400 250Total current assets 2,500 2,600Property, plant & equipment, net 2,350 2,250Other assets 5,700 5,900Total Assets 10,550 10,750Liabilities and Stockholders' Equity Current liabilities 3,250 3,150Long-term liabilities 5,000 5,400Total liabilities 8,250 8,550Stockholders' equity-common 2,300 2,200Total Liabilities and Stockholders' Equity 10,550 10,750Required:Calculate the quick ratio for Smith & Sons, Inc., for 2015 and 2016.
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While calculating the costs of products and services, a standard costing system ________. does not keep track of overhead cost traces direct costs to output by multiplying the standard prices or rates by the actual quantities uses standard costs to determine the cost of products allocates overhead costs on the basis of the actual overhead-cost rates
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A reserve clause binds a professional athlete to a sports franchise even if the player does not have a contract with the team that retains the rights to the player. In other words, the player can only play for a single team and other teams may not bid for the player's services even in the absence of a contract. Major League Baseball was forced to outlaw reserve clauses in 1975. As a result of the ban, we would expect that
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Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Aug. 4 Sold merchandise on account to S. Miller for $310 plus sales tax of 4%, with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $160 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $20 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit. 20 K. Krtek paid the balance due on his account.
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The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: Year Wind Turbines Biofuel Equipment 1 $280,000 $300,000 2 280,000 300,000 3 280,000 300,000 4 280,000 300,000 The wind turbines require an investment of $887,600, while the biofuel equipment requires an investment of $911,100. No residual value is expected from either project. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 7 5.582 4.868 4.564 4.160 3.605 8 6.210 5.335 4.968 4.487 3.837 9 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.019 4.192Required:1a. Compute the net present value for each project. Use a rate of 6% and the present value of an annuity of $1 in the table above. If required, round to the nearest dollar.Wind Turbines Bio Fuel EquipmentPresent value of annual net cash flows $ $Less amount to be invested $ $Net present value $ $1b. Compute a present value index for each project. If required, round your answers to two decimal places.Present Value IndexWind Turbines Bio Fuel Equipment 2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and (b) using the present value of an annuity of $1 in the table above. If required, round your present value factor answers to three decimal places and internal rate of return to the nearest percent.Wind Turbines Bio Fuel EquipmentPresent value factor for an annuity of $1 Internal rate of return % %
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Exercise 8-7 At December 31, 2018, Concord Corporation Company had a credit balance of $18,800 in Allowance for Doubtful Accounts. During 2019, Concord Corporation wrote off accounts totaling $13,500. One of those accounts ($3,500) was later collected. At December 31, 2019, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $30,700. Prepare journal entries to record the 2019 transactions of Concord Corporation Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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describe the difference between real gdp and nominal gdp.
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Solutions Inc. signs a 10-year lease for a building owned by Property Inc. that is appropriately classified as an operating lease by both the lessee and lessor. Lease payments are $150,000 per year. The building has an estimated useful life of 30 years with no salvage value. Assume that the building has a fair and carrying value of $2,000,000 at the commencement of the lease, what amount would Property Inc. recognize in its income statement (ignoring taxes) for the year ended December 31, 2020
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You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $50,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn a 10 percent return on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year?
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Patterson Development sometimes sells property on an installment basis. In those cases, Patterson reports income in its income statement in the year of the sale but reports installment income by the installment method on the tax return. Installment income in 2021 was $240 million, which Patterson expects to collect equally over the next four years. The tax rate is 25%, but based on an enacted law, is scheduled to become 35% in 2023. Patterson's pretax accounting income for the 2013 income statement was $530 million of this, $30 million is non-taxable revenue from proceeds of a life insurance policy. There were no differences between accounting income and taxable income other than those described above and no cumlative temporary differences existed at the beggining of the year:1. Prepare the appropriate journal entry to record patterson's 2013 income taxes. 2. What is Patterson's 2013 net income?
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Janice and Shunil are both senior software analysts. They have worked together on projects OF Six years and get along great. Janice is pregnant and anticipating the arrival of her first child and she is not willing to work full time. Shunil would like to experiment with opening his own business as a home media installation consultant and doss not want to continue to work full me. They both need some income. Which of the following alternative job structures would be best for Janice and Shunil? A) A job enlargement B) telecommuting C) job rotation D) job sharing E) job enrichment
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