2. “An American woman executive is sent to negotiate a contract with a corporation in Saudi Arabia. She dresses conservatively in a dark business suit and completes her makeup and hair in the US fashion. She finds the Arabs to be very aloof. She is asked when her boss will be arriving and is feeling ignored.”

a. What mistakes have been made?
b. What can be done to correct such a situation?


Answers

Answer 1

Answer:

1. The mistakes she made include:

1. Dressing like a male when it was expected that she should dress like a female.

2. Not wearing a feminine cloth but rather a suit.

3.  She wearing a makeup.

4. She fixing her hear but not covering it with hijab.

b. She could have done the following to fix it:

1. Making researches on how best to dress when in Saudi Arabia.

2. Wearing a long covering cloth.

3. Covering her hair with Hijab despite not been from their culture and country.

Explanation:


Related Questions

Net income (in millions) $150 Shares outstanding (in millions) 300 Stock price $30.00 What is the price-earnings ratio (to the nearest whole number)?

Answers

Answer:

60

Explanation:

price-earnings ratio = price / earnings per share

earnings per share = net income / shares outstanding = $150 / 300 = $0.50

$30 / $0.50 = 60

Which of the following ratios indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit?
A. Margin of safety ratio
B. Costs and expenses ratio
C. Profit ratio

Answers

Answer:

The correct answer is the option A: Margin of safety ratio.

Explanation:

To begin with, the name of "Margin of Safety", in the field of business and accounting, is refered to a ratio whose main purpose is to establish the point in where the company knows that it has to sale obligately due to the fact that at that point the company can be sure that they have covered the fixed costs of it and after that point every sale will became a profit for the company. So that is why that this ratio indicates the percentage of each sales dollar that is available to cover those costs.

Discuss and analyze a situation where you worked on a team/ project team consisting of diverse or intercultural team members
a. What were some good and/or poor examples of communication?
b. Discuss any examples or interpretation of cultural differences as described in Hoftstede's Cultural Values chart on p. 46 of your text (i.e. individualism, time orientation, formality, etc.).
c. Is there anything that could have been done to make the communication more effective?

Answers

Explanation:

a. What were some good and/or poor examples of communication?

Intercultural communication in the workplace can generate some significant difficulties, in an intercultural work team, there may be behaviors of certain members that differ from the rest of the group, which can mean lack of integration of the team due to lack of respect and interest to the cultural values ​​of a particular member.

b. Discuss any examples or interpretation of cultural differences as described in Hoftstede's Cultural Values chart on p. 46 of your text (i.e. individualism, time orientation, formality, etc.).

Formality can be interpreted differently according to different cultures. In a more flexible culture like the American one, for example, formality may not be so expressed through the use of formal language and dress, whereas in a less flexible culture, this can be seen as a disrespect, as they can establish a more serious and formal communication in the workplace.

c. Is there anything that could have been done to make the communication more effective?

To make intercultural communication more effective, it is necessary above all to respect the individual values ​​of an individual that exist in certain ways in some situations. The ideal is that people are open to learn and exchange experiences, willing to help the individual to integrate into the group, and above all to act in an ethical and respectful way always.

Which of the following is true regarding warranties under common law? Select one: A. Express warranties, the implied warranty of assignability, and warranties of title arise automatically under common law. B. Only the implied warranty of merchantability arises automatically under common law. C. Only warranties of title arise automatically under common law. D. For a warranty to exist, it must first be requested by the buyer. E. Only the implied warranty of assignability arises automatically under common law.

Answers

Answer: E. Only the implied warranty of assignability arises automatically under common law

Explanation:

Implied warranty is a term that is used in common law to refer to assurance that are given to a a product that the said product is fit and in good condition for the purpose it'll be used for.

Of all the options that are given, the one that is true regarding warranties under common law is that only the implied warranty of assignability arises automatically under common law.

Which of the following recognizes the intellectual property licensing of copyrights by all the signatory nations to the​ act?

a. The Madrid Convention
b. The Export Administration Act of 1985
c. The Berne Convention Implementation Act of 1988
d. The International Emergency Economic Powers Act of 1977

Answers

Answer:

c. The Berne Convention Implementation Act of 1988.

Explanation:

This was put into force in the United States of America in the year 1988 even though its laws were been vehemently upheld from the next year. This was a law put in place to be a guide to a lot of United States citizens who are known to ply their trades in the literary and also artistic sphere. It was seen as a protection agency to writers and artists in literary world. Their work at this early stages may have been performed only pursuant to appropriate domestic law. Also, in a bid to make this law a better one, it was said to be amended together with the law as it exists on the date of the enactment of this law been amended, satisfy the obligations to the citizens of the US.

Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance
Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change takes 18 minutes and 6.2 quarts of oil are used. In June, Guillermo's Oil and Lube had 990 oil changes.
Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June:

Actual number of oil changes performed: 990
Actual number of direct labor hours worked: 291 hours
Actual rate paid per direct labor hour: $16.00
Standard rate per direct labor hour: $15.00

Required:
a. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach.
b. Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June.
c. Calculate the total direct labor variance for oil changes for June.
d. What if the actual wage rate paid in June was $14.00? What impact would that have had on the direct labor rate variance (LRV)? On the direct labor efficiency variance (LEV)? Indicate what the new variances would be below. If required, round your answers to the nearest cent.

Answers

Answer:

Guillermo's Oil and Lube Company

Calculating the Direct Labor Rate Variance and the Direct Labor Efficiency Variance

a1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked

= $16 - $15 x 291

= $291 U

a2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate

= 297 - 291 x $15

= $90 F

b1. Direct labor rate variance (LRV) = the difference between the actual wages paid and the standard wages

= (Actual labour rate x actual hours) - (standard rate x actual hours)

= ($16 x 291) - ($15 x 291)

= $4,656 - $4,365

= $291 U

b2. Direct labor efficiency variance = the difference between the actual number of direct labor hours worked and budgeted direct labor hours that should have been worked based on the standards

(291 x $15) - (297 x $15)

4,365 - 4,455

= $90 F

c. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages

= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)

= ($16 x 291) - ($15 x 297)

= $4,656 - $4,455

= $201 U

d. If actual wage rate paid in June was $14.00:

d1. Direct labor rate variance (LRV) = Actual Labor Rate minus Standard Labor Rate multiplied by Actual hours worked

= $14 - $15 x 291

= $291 F

d2. Direct labor efficiency variance (LEV) = Standard hours minus Actual hours x Standard hourly rate

= 297 - 291 x $15

= $90 F

d3. Total Direct labor rate variance (LRV) = Actual Wages minus Standard Wages

= (Actual labor rate x Actual hours) - (Standard labor rate x Standard hours)

= ($14 x 291) - ($15 x 297)

= $4,074 - $4,455

= $381 F

Explanation:

a) Data and Calculations

Actual number of oil changes performed: 990

Standard number of direct labor hours to for 990 oil changes = 990 x 0.3 hours (since 18 minutes = 0.3 hours or 18/60) = 297 hours

Actual number of direct labor hours worked: 291 hours

Actual rate paid per direct labor hour: $16.00

Standard rate per direct labor hour: $15.00

b) The impact on direct labor rate variance if the actual wage rate paid in June was $14 was to turn the unfavorable labor rate variance into a favorable variance of $291 and the total direct labor variance would have been a favorable variance $381 instead of an unfavorable variance of $201.

The stock ABC has a beta of 1.6 and its standard deviation is 30%. Its correlation coefficient with the market return is 0.8. What is the standard deviation of the market return? A. None of the answers is correct B. 18% C. 20% D. 15%

Answers

Answer: D. 15%

Explanation:

Beta is given as 1.6 but is calculable by the formula;

Beta = Correlation Coefficient of stock with market returns * [tex]\frac{Standard Deviation of stock returns}{Standard Deviation of market returns}[/tex]

1.6 = 0.8 * 30%/Sdm

30% /Sdm = 1.6/0.8

30% / Sdm = 2

Sdm * 2 =30%

Sdm = 30%/2

Sdm = 15%

Poulter Corporation will pay a dividend of $4.25 per share next year. The company pledges to increase its dividend by 6.75 percent per year, indefinitely. If you require a return of 10 percent on your investment, how much will you pay for the company’s stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Current price of stock = $130.76(Approx).

Explanation:

Given:

Dividend paid = $4.25

Required return of return = 10%

Growth rate = 6.75%

Find:

Current price of stock = ?

Computation:

Current price of stock = D1 / (Required return of return - Growth rate)

Current price of stock = 4.25 / (0.1 - 0.0675)

Current price of stock = 4.25 / 0.0325

Current price of stock = $130.76(Approx).

Rahman stock just paid a dividend of $3.00 per share. Future dividends are expected to grow at a constant rate of 6% per year. What is the value of the stock if the required return is 12%

Answers

Answer:value of stock for the required return of 12 % =  $53

Explanation:

Given

current dividend just paid = $3.00

dividend to grow at constant rate of 6%

required rate of return =12%

to calculate the value of stock for the requitred return of 12 % , we use the dividend growth model which is  

Current price = dividend ( 1 + growth rate )/ (required rate -growth rate )

                        = 3 x (1+6%) / 12-6 = 3 x 1.06 /6% =3.18/0.06=  $53

Therefore  value of stock for the requitred return of 12 % ,=  $53

What economic benefit has the debt reschedule for developing countries?

Answers

Answer:

The main economic benefit that debt rescheduling has for developing countries is that it changes principal and interest payments to more favorable conditions.

This means that after the reschedule, developing countries will have to put less resources into the payments of public debt, which allows them to have more resources available for other public investments like education, healthcare, and infraestructure.

The bargaining power of suppliers is low when Review Later Few substitute inputs are available Suppliers are large or concentrated There are many alternative suppliers Switching costs are high

Answers

Answer:

There are many alternative suppliers

Explanation:

Bargaining power of suppliers is one of Porters Five Forces. It refers to the extent to which a supplier can exert influence over buyers.

If there are many suppliers and a supplier raises price, consumer can easily change suppliers. But if the cost of changing suppliers is high (Switching costs), consumers would have less incentive to change suppliers. Thus, the bargaining power of suppliers would be high.

If there are few substitutes, there are few alternatives to the product offered by the supplier. so, the bargaining power of the supplier is high because consumers have little alternatives to the suppliers product.

Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Prepare the adjusting entry on December 31 assuming the year ends on Thursday.

Answers

Answer:

Amount = (Total periodic pay / Number days in period) * Number days for current period

Amount = ($10,000/5) * 4

Amount = $8,000

Therefore, the amount to be recorded for adjusting entry is $8,000.

                                          Journal Entry

 Date          Description                               Debit       Credit

31 Dec     Payroll expenses                        $8,000

                    Payroll expenses payable                     $8,000

                (Being Payroll expenses recorded)

White Lion Homebuilders is considering investing in a one-year project that requires an initial investment of $475,000. To do so, it will have to issue new common stock and will incur a flotation cost of 2.00%. At the end of the year, the project is expected to produce a cash inflow of $595,000. The rate of return that White Lion expects to earn on its project (net of its flotation costs) is:___________.

Answers

Answer:

22.81%

Explanation:

The computation of the rate of return is shown below:

= (cash inflow ÷ total cost) - 1

where,

Cash inflow is $595,000

And, the total cost is

= $475,000 + $475,000 × 2%

= $475,000 + $9,500

= $484,500

So, the rate of return is

= ($595,000 ÷ $484,500) - 1

= 22.81%

Hence, the rate of return is 22.81%

Basically we applied the above formulas

Polly Khan is trying to calculate the current market rate given the following information: Investor’s have been requiring a 12% annual return on Builtrite’s stock which has a beta of 2.0 and the current risk-free rate is 4%. What is the current market rate?

Answers

Answer:

The current market rate is 8%

Explanation:

The market rate is the return on market or the market portfolio. To calculate the market rate (rM) we will use the CAPM equation which is used to calculate the required rate of return on a stock or portfolio. The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free raterM is the market rate

We already know the value of r, rRF and Beta. We will input these values in the above equation to calculate the market rate.

0.12 = 0.04 + 2 * (rM - 0.04)

0.12 - 0.04 = 2 * rM - 0.08

0.08 + 0.08 = 2 * rM

0.16 / 2 = rM

rM = 0.08 or 8%

3. At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70. What is the expected winning bid if there are four bidders

Answers

Answer: $60

Explanation:

From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.

The expected winning bid if there are four bidders goes thus:

Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.

The expected winning bid will now be:

= ($50 × 1/2) + ($70 × 1/2)

= ($50 × 0.5) + ($70 × 0.5)

= $25 + $35

= $60

. How much would you have to deposit today if you wanted to have $66,000 in four years? Annual interest rate is 9%. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $18,500 when you graduate? (Round your answer to 2 decimal places.) c-1. Calculate the future value of an investment of $787 for ten years earning an interest of 9%. (Round your answer to 2 decimal places.)

Answers

Answer:

a. To have $66,000 in four years with an annual interest rate of 9%, the present value is:

PV = $66,000 x discount factor

= $66,000 x (1.09)^4

= $66,000 x 0.708

= $46,728

b. To have $18,500 in two years with an interest rate of 8% yearly, the present value is:

PV = $18,500 x discount factor

= $18,500 x (1.08)^2

= $18,500 x 0.857

= $15,854.50

c. The future value of an investment of $787 for ten years earning an interest of 9% is:

FV = $787 x FV factor

= $787 x (1.09)^10

= $787 x 2.367

= $1,862.83

Explanation:

The present values for options A and B are calculated by discounting the future values with their discount factors.  The present values show the amounts that need to be invested today at prevailing interest rates to yield the future values after the indicated periods of time.

The future value for option C is calculated by multiplying the present value of the investment with its future value factor.  These present and future values show that there is a time value of money.  This concept means that money received today is not equal in value to the same amount received some time later.  Based on this difference, interest rates are charged to equate the values of money received today and money received in a year's time.  The interest rates also consider the inflation rate and must always be above the inflation rate in order to retain future value.

A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:

Answers

Answer:

Zero, because the selling of fixed asset is reported as cash inflow under investing activity.

Explanation:

Cash flow from investing activities includes all the investments in the long term assets and sale of investments or individual assets. The investment items may include Property, Plant and Equipment.

So this means that it will not be included in the Cash from Operating Activities because it is a Cash from Investing Activities.

Using the tables above, what is the present value of $6,000 to be received at the end of each of the next four years, assuming an earnings rate of 10%?
a. $20,790
b. $19,020
c. $14,412
d. $25,272
1. Option A
2. Option B
3. Option C

Answers

Answer:

b. $19,020

Explanation:

Note: This question is not complete. The complete question is therefore provided in the attached pdf file before answering the question. Please, see the attached file for the full question.

Also note that the "1. Option A 2. Option B 3. Option C" are not actually part of the question.

The explanation to the answer is now provided as follows:

Note: This is an example of annuity. An annuity can be described as a series of payments made or income received at equal intervals.

Therefore, the relevant table in the question is the second table, i.e. table for the present value of an annuity of $1 at compound interest.

To calculate the present value (PV), the following for formula is used:

PV = ACI * PVA10% ............................ (1)

PV = Present value = ?

ACI = Annual cash inflows = $6,000

PVA = Present value of annuity of $1 at 10% for 4 years = 3.170

Note that the PVA is obtained for year 4 at 10% from the second table as already explained above.

Substituting the values into equation (1), we have:

PV = $6,000 * 3.170

PV = $19,020

Therefore, the correct option is option b. $19,020.

Time Warner shares have a market capitalization of billion. The company is expected to pay a dividend of per share and each share trades for . The growth rate in dividends is expected to be ​% per year. ​ Also, Time Warner has billion of debt that trades with a yield to maturity of ​%. If the​ firm's tax rate is ​%, compute the​ WACC?

Answers

Complete Question:

Time Warner shares have a market capitalization of $50 billion. The company is expected to pay a dividend of $0.30 per share and each share trades for $30. The growth rate in dividends is expected to be 7% per year. Also, Time Warner has $15 billion of debt that trades with a yield to maturity of 8%. If the firm's tax rate is 30%, what is the WACC?

Answer:

7.5%

Explanation:

We can calculate WACC using the following formula:

WACC = Ke * MV of Equity / (MV of Equity  + MV of Debt)    +   Kd * MV of Debt / (MV of Equity  + MV of Debt)

Here:

Market Value of Equity is $50 billion

Market Value of Debt is $15 billion

Ke is % (Step 1)

Kd is 8%

By putting values, we have:

WACC =  8.07% * $50 Billion / ($50 Billion + $15 Billion)     +  8% * $50 Billion / ($50 Billion + $15 Billion)

WACC = 7.5%

Step 1: Calculate Ke

We can calculate Ke using the following formula:

Ke = Do * (1 + g) / P               + g

Here

Do is the dividend per share which is $0.3

g is the growth rate which is 7%

And

P is the market value of share which is $30 per share.

Ke = $30 * (1 + 7%) / $30     +  7%   =  8.07%

Information concerning the unexpected resignation of one or more of the registrant's directors would be disclosed on which of the following forms?
I. Form 8-Q
II. Form 8-K
I. Both I and II
II. Neither I nor II

Answers

Answer: Form 8-K

Explanation:

An 8-K is a report the corporate changes that happens at an organization. The information given in form 8-K is important to the shareholders of the organization and also to the Securities and Exchange Commission.

Events such as bankruptcy, acquisitions, resignation of directors can all be seen in the report.

Some managers use _____, which provides four indicators with which organizations can set goals and measure performance.

Answers

Answer:

balanced scorecard

Explanation:

The term that is being mentioned in this question is known as a balanced scorecard. This is a strategic management performance metric that is used to measure and provide feedback to a company's management by identifying and improving different internal business functions and their outcomes, usually in regards to the employees themselves. An example of a balanced scorecard can be seen in the attached photo.

Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $33 per pound and costs $28 per pound to produce. Product C would sell for $58 per pound and would require an additional cost of $25 per pound to produce. What is the differential cost of producing Product C?

Answers

Answer:

Differential cost is $0

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  

Additional sales revenue = Sales revenue after further processing - sales revenue after split-off point

. A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.

Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .  

                                                                               $

Sales after split off point  (Product C)                  58  

Sales at the split off point (Product B)                 33

Additional sales revenue                                     25

Further processing cost                                        (25)

Differential cost                                                        0

Differential cost is $0

Sandhill corporation manufactures a single product. montlhly production costs incurred in the manufacturing process are show below for the production of 3900 maintanance costs are mixed costs. the fixed portions of these costs are 387 and 258, respectively.

Production in units 3900
Production cost
Direct materials 9675
Direct labor 27420
Utilities 3702
Property taxes 1290
Indirect labor 5805
Supervisor salaries 2451
Maintanance 1233
Depreciation 3096

Required:
Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance.

Answers

Answer:

variable costs per unit = $10.57

variable cost per unit for utilities = $0.85

variable cost per unit for maintenance = $0.25

Explanation:

I believe that the question is incomplete: the missing part is that both utilities and maintenance costs are mixed.

Production in units 3,900

Variable production cost s:

Direct materials $9,675  / 3,900 = $2.4808 per unit

Direct labor $27,420  / 3,900 = $6.9846 per unit

Utilities ($3,702 - $387) / 3,900 = $0.85 per unit

Maintenance ($1,233 - $258) / 3,900 = $0.25 per unit

total variable costs per unit = $10.5654 ≈ $10.57

According to the kinked demand curve theory, the behavior of firms in an oligopoly creates a demand curve that is ________ at prices above the cartel price and ________ at prices below the cartel price.

Answers

Answer:

According to the kinked demand curve theory, this behavior creates a demand curve that is more elastic at prices above the cartel price and more inelastic at prices below the cartel price.

Explanation:

Oligopoly is a market structure with a small number of firms, none of which can keep the from from having significant influence in the same specialization they indulge in.

The kinked demand curve theory means that the response to a price increase is less than the response to a price decrease of the Olipolist in the market

True or false: A flexible budget reporting sales volumes at three different levels will have the same fixed costs.

Answers

Answer:

True

Explanation:

A flexible budget is a budget in which you modify the activity levels to reflect changes in sales to help the company adjusts to different circumstances that may occcur. Also, in this budget the fixed costs remain constant and the variable costs change with the activity levels. According to this, the answer is that the statement that says that a flexible budget reporting sales volumes at three different levels will have the same fixed costs is true.

It is true that a flexible budget presenting sales volumes at three levels would have the same fixed expenses.

Flexible budget:

A flexible budget is one in which activity levels are adjusted to reflect sales performance, allowing the organization to respond to unforeseen events.

Furthermore, in this budget, fixed expenditures stay constant while variable costs vary according to activity levels. The assumption that a flexible budget reporting sales volumes at three distinct levels will have the same fixed expenses.

Find out more information about 'Flexible budget'.

https://brainly.com/question/25353134?referrer=searchResults

The risk-free rate is 6% and the expected rate of return on the market portfolio is 13%. a. Calculate the required rate of return on a security with a beta of 1.25.

Answers

Answer:

The required rate of return is r = 0.1475 or 14.75%

Explanation:

The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.

The equation is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free raterM is the return on market

r = 0.06 + 1.25 * (0.13 - 0.06)

r = 0.1475 or 14.75%

On December 21, 2017, Novak Company provided you with the following information regarding its equity investments.
December 31, 2017
Investments (Trading)
Cost
Fair Value
Unrealized Gain (Loss)
Clemson Corp. stock $20,200 $19,300 $(900)
Colorado Co. stock 9,900 8,900 (1,000)
Buffaloes Co. stock 20,200 20,790 590
Total of portfolio $50,300 $48,990 (1,310)
Previous fair value adjustment balance 0
Fair value adjustment—Cr. $(1,310)
During 2018, Colorado Company stock was sold for $9,410. The fair value of the stock on December 31, 2018, was Clemson Corp. stock—$19,410; Buffaloes Co. stock—$20,700. None of the equity investments result in significant influence.
(a) Prepare the adjusting journal entry needed on December 31, 2017.
(b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2018.
(c) Prepare the adjusting journal entry needed on December 31, 2018.
(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
No.
Account Titles and Explanation
Debit
Credit
(a) On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
(b) On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
(c) On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w
On December 21, 2017, Novak Company provided you w

Answers

Answer:

(a)

Dr Unrealized Holding Gain or Loss -Equity $1,410

Cr Fair Value Adjustment $1,410

(b)

Dr Cash $9,410

Dr Loss on Sale of Investment $590

Cr Equity Investment $10,000

(c)

Dr Fair Value Adjustment $1,120

Cr Unrealized Holding Gain or Loss-Equity $1,120

Explanation:

(a) Preparation of the adjusting journal entry needed on December 31, 2017.

Dr Unrealized Holding Gain or Loss -Equity $1,410

Cr Fair Value Adjustment $1,410

(To Adjust to Fair Value for 2017)

(b) Preparation of the journal entry to record the sale of the Colorado Co. stock during 2018.

Dr Cash $9,410

Dr Loss on Sale of Investment $590

(20,200- 20,790)

Cr Equity Investment $10,000

($9,410+$590)

(To Record Sale of Stock)

(c)Preparation of the adjusting journal entry needed on December 31, 2018.

Dr Fair Value Adjustment $1,120

Cr Unrealized Holding Gain or Loss-Equity $1,120

(To Adjust to Fair Value for 2018)

Investments Amortized Costs, Fair Value , Unrealized Gain (Loss)

Clemson Corp. stock

$20,200 $19,410 ($790)

Buffaloes Co. stock

$20,200 $20,700 $500

$40,400 $40,110 ($290)

Previous Fair Value Adjustment (Credit)

$1,410

Fair Value Adjustment (Debit)$1,120

Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial investment of $750,000. The net cash flows estimated for the two proposals are as follows:
Net Cash Flow Year Processing Mill Electric Shovel
1 $310,000 $330,000
2 260,000 325,000
3 260,000 325,000
4 260,000 320,000
5 180,000
6 130,000
7 120,000
8 120,000
The estimated residual value of the processing mill at the end of Year 4 is $280,000.
Present Value of $1 at Compound Interest
Year 6% 10% 12% 15% 20%
1 0.943 0.909 0.893 0.870 0.833
2 0.890 0.826 0.797 0.756 0.694
3 0.840 0.751 0.712 0.658 0.579
4 0.792 0.683 0.636 0.572 0.482
5 0.747 0.621 0.567 0.497 0.402
6 0.705 0.564 0.507 0.432 0.335
7 0.665 0.513 0.452 0.376 0.279
8 0.627 0.467 0.404 0.327 0.233
9 0.592 0.424 0.361 0.284 0.194
10 0.558 0.386 0.322 0.247 0.162
Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 15%. Use the present value table appearing above. If required, round to the nearest dollar.
Processing mill electric shovel
Present value of net cash flow total $_____ $_____
Less amount to be invested $_____ $_____
Net present value $_____ $_____

Answers

Answer:

Year    NCF Processing Mill     NCF Processing Mill     NCF Electric Shovel

0          -$750,000                        -$750,000                      -$750,000      

1           $310,000                          $310,000                        $330,000

2          $260,000                         $260,000                       $325,000

3          $260,000                         $260,000                       $325,000

4          $260,000                         $540,000                       $320,000

5          $180,000

6          $130,000

7          $120,000

8          $120,000

discount rate = 15%

NPV Processing Mill (8 years) = -$750,000 + ($310,000 x .87) + ($260,000 x .756) + ($260,000 x .658) + ($260,000 x .572) + ($180,000 x .497) + ($130,000 x .432) + ($120,000 x .376) + ($120,000 x .327) = -$750,000 + $267,700 + $196,560 + $171,080 + $148,720 + $89,460 + $56,160 + $45,120 + $39,240 = -$750,000 + $1,014,040 = $264,040 HIGHEST NPV, SO THIS PROJECT SHOULD BE SELECTED

NPV Processing Mill (4 years) = -$750,000 + ($310,000 x .87) + ($260,000 x .756) + ($260,000 x .658) + ($540,000 x .572) = -$750,000 + $267,700 + $196,560 + $171,080 + $308,880 = -$750,000 + $944,220 = $194,220

NPV Electric Shovel (4 years) = -$750,000 + ($330,000 x .87) + ($325,000 x .756) + ($325,000 x .658) + ($320,000 x .572) = -$750,000 + $287,100 + $245,700 + $213,850 + $183,040 = -$750,000 + $929,690 = $179,690

A company had the following purchases during its first year of operations: Purchases January: 18 units at $128 February: 28 units at $138 May: 23 units at $148 September: 20 units at $158 November: 18 units at $168 On December 31, there were 58 units remaining in ending inventory. These 58 units consisted of 10 from January, 12 from February, 14 from May, 12 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?

Answers

Answer:

$8,584

Explanation:

Cost of ending inventory can be calculated by multiplying the remaining units of the given month by their purchase cost in the following month

DATA

Total remaining units n ending inventory = 58 units

10 from January at $128

12 from February at $138

14 from May at $148

12 from September at $158

10 from November at $168

Calculation

January  =  10 x $128       = $1,280

February = 12 x $138        = $1,656

May = 14 x $148                = $2,072

September = 12 x $158     = $1,896

November = 10 x $168      = $1,680

Cost of ending inventory = $8,584

Suppose the following items are taken from the 2017 balance sheet of Yahoo! Inc. (All dollars are in millions.)
Goodwill ............................................................. $3,927
Common stock ........................................................ 6,283
Equipment .............................................................. 1,737
Accounts payable ...................................................... 152
Patents ................................................................... 234
Stock investments (long-term) ...................................... 3,247
Accounts receivable .................................................. 1,061
Prepaid rent .............................................................. 233
Debt investments (short-term) ...................................... 1,160
Retained earnings .................................................... 6,108
Cash ................................................................... 2,292
Notes payable (long-term) ............................................ 734
Unearned sales revenue ............................................... 413
Accumulated depreciation-equipment 201
Instructions
Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2017.

Answers

Answer:

Yahoo! Inc.

Classified balance sheet as of December 31, 2017:

Assets:                                                     ($ million)

Current Assets:

Cash                                           $2,292

Accounts receivable                     1,061

Prepaid rent                                    233

Debt investments (short-term)     1,160

Total Current Assets                               $4,746

Non-current Assets:

Stock investments (long-term)    3,247

Equipment                         1,737

Accumulated depreciation 201    1,536

Patents                                            234

Goodwill                                       3,927

Total non-current assets                        $8,924

Total Assets                                           $13,690

Current Liabilities:

Unearned sales revenue           413

Accounts payable                      152           $565

Non-current Liabilities:

Notes payable (long-term)                          734

Total Liabilities                                       $1,299

Stockholders' Equity:

Common stock                     6,283

Retained earnings                6,108          12,391

Total liabilities + equity                        $13,690

Explanation:

a) This Yahoo!'s 2017 classified balance sheet shows the current assets, current liabilities, non-current assets, non-current liabilities, and the stockholders' equity with their separate totals.  It helps in calculating important financial ratios and in making comparisons in absolute dollar terms from one period to the other or from one company to another entity.

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