A study of over 12,000 employees found that ________ had engaged in such workplace misbehaviors as goldbricking, sick time abuses, and/or fraud at least once.

Answers

Answer 1

Answer:

90%

Explanation:

According to the study of over 12,000 employees, it is found that 90% has engaged in the workplace with respect to the misbehaviors in terms of goldbricking, sick time abuses, or fraud at lease one time

here goldbricking means working less as your capability as they are more focused to do a personal task

So the correct answer is 90%


Related Questions

building that has a market value of $366,000; the partnership assumes responsibility for a $133,000 note secured by a mortgage on the property. Monroe invests $108,000 in cash and equipment that has a market value of $83,000. For the partnership, the amounts recorded for Fontaine's Capital account and for Monroe's Capital account are:\

Answers

Answer:

Fontaine - $233,000Monroe - $191,000

Explanation:

Fontaine invested a building that had a value of $366,000 but the partnership assumes a $133,000 note secured by a mortgage on the property. This therefore reduces Fontaine's contribution;

= 366,000 - 133,000

= $233,000

Monroe contributed both cash and equipment so that would go to Monroe's capital account as their capital contribution;

= 108,000 + 83,000

= $191,000

Problems which deal with the direct distribution of products from supply locations to demand locations are called:____________.
a. Transportation problems
b. Assiignment problems
c. Network problems
d. Transshipment problems

Answers

Answer:

a. Transportation problems

Explanation:

In Business management, problems which deal with the direct distribution of products from supply locations to demand locations are called transportation problems.

Transportation is a supply chain technique which primarily includes all of the process involved in the distribution of finished goods and services from the production line to the consumers or end users, so as to meet their needs or wants.

[The following information applies to the questions displayed below.]

Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied (seller) products.

May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $10 cash per unit (for a total cost of $20,000).
5 Allied sold 1,500 of the units in inventory for $14 per unit (invoice total: $21,000) to Macy Co. under credit terms 2/10, n/60. The goods cost Allied $15,000.
7 Macy returns 125 units because they did not fit the customer’s needs (invoice amount: $1,750). Allied restores the units, which cost $1,250, to its inventory.
8 Macy discovers that 200 units are scuffed but are still of use and, therefore, keeps the units. Allied sends Macy a credit memorandum for $300 toward the original invoice amount to compensate for the damage.
15
Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount.

Prepare journal entries to record the following transactions for Allied assuming it uses a perpetual inventory system and the gross method. (Allied estimates returns using an adjusting entry at each year-end.)

Answers

Answer:

                                  Allied Merchandisers

                                        Journal Entries

Date           General Journal                         Debit        Credit

03-May   Merchandise Inventory               $20,000

                     To Cash                                                     $20,000

05-May    Accounts Receivable                 $21,000

                      To Sales                                                    $21,000

05-May     Cost of goods sold                     $15,000

                     To Merchandise Inventory                        $15,000

07-May      Sales Returns and allowances   $1,750  

                      To Accounts Receivable                           $1,750

07-May      Merchandise Inventory               $1,250

                      To Cost of goods sold                                $1,250

08-May      Sales Returns and allowances    $300

                       To Accounts Receivable                            $300

15-May        Cash                                             $18,571

                   Sales Discounts                           $379

                    ($18950*2%)

                         To Accounts receivable                           $18,950

                          ($21000-$1750-$300)

In order to document a business transaction in the accounting records of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarised.

The journal entry has been attached below:

Allied Merchandisers

                                       Journal Entries

Date           General Journal                         Debit        Credit

03-May   Merchandise Inventory               $20,000

                    To Cash                                                     $20,000

05-May    Accounts Receivable                 $21,000

                     To Sales                                                    $21,000

05-May     Cost of goods sold                     $15,000

                    To Merchandise Inventory                        $15,000

07-May      Sales Returns and allowances   $1,750  

                     To Accounts Receivable                           $1,750

07-May      Merchandise Inventory               $1,250

                     To Cost of goods sold is $1,250

08-May      Sales Returns and allowances    $300

                      To Accounts Receivable                            $300

15-May        Cash                                             $18,571

                  Sales Discounts                           $379

                   ($18950*2%)

                        To Accounts receivable                           $18,950

                         ($21000-$1750-$300)

After then, the general ledger is utilized to produce the company's financial statements.  The idea behind a journal entry is to use double-entry accounting, which requires that every company transaction be recorded at least twice.

For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.

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Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of these occurs when

Answers

Answer:

Explanation:

One of these occurs when costs are not paid for, as in pollution, the other is when there is an imbalance of knowledge between buyer and seller. Pollution  can be a consequence that cannot be solved with money and can also be socially irresponsible for a company. On the other hand, an imbalance of knowledge can prevent a company from profit maximization if the seller does not understand the product or services that the buyer is selling.

In the liquidation of a partnership, any gain or loss on the realization of non-cash assets should be allocated:_____.
a. first to creditors and the remainder to partners.
b. to the partners on the basis of their capital balances.
c. only after all creditors have been paid.
d. to the partners on the basis of their income-sharing ratio.

Answers

Answer:

D. To the partners on the basis of their income-sharing ratio.

Explanation:

Partnership liquidation can be easily seen to come into existence indefinitely through periodic changes within the ownership, they are seen to occur by circumstances which are totally uncommon occurrence.

The form of the dissolution is irrelevant, whether by absenting by personal decision of individual member or wholesale departure and formal liquidation. The end result will be the same. The primary dream of these harmonious and synchronical growth of the firm will be seen to come to an end.

This is why it is best shared to the partners on the basis of their income sharing ratio.

Lake Incorporated purchased all of the outstanding stock of Huron Company, paying $1,000,000 cash. Lake assumed all of the liabilities. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $ 190,000 $ 125,000 Property, plant, equip. (net) 650,000 765,000 Liabilities 255,000 255,000 Lake would record goodwill of

Answers

Answer:

Lake would record goodwill of $365,000

Explanation:

Fair value of net assets = Fair value of current asset + Fair value of property, plant and equipment

Fair value of net assets = $125,000 + $765,000

Fair value of net assets = $890,000

Fair market value = Fair value of net assets - Liabilities assumed

Fair market value = $890,000 - 255,000

Fair market value = $635,000

Goodwill = Consideration - Fair market value

= $1,000,000 - $635,000

= $365,000

Hence, the amount of goodwill is $365,000.

Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $400,000 $600,000 Annual net income 30,000 46,000 Net annual cash inflow 110,000 146,000 Estimated useful life 5 years 6 years Salvage value -0- -0- The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.890 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 "The net present value for Project Nuts" is Group of answer choices

Answers

Answer:

NPV = $35,868.06

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV for Project Nuts

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-600,000

Cash flow each year from year 1 to 6 = 146,000

I = 10%

NPV = $35,868.06

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  

A trader maintains a position in a small capitalization stock that has low trading volume. The trader has a high level of which of the following risks?
A) MarketB) LiquidityC) BusinessD) Inflation

Answers

Answer:

B) Liquidity

Explanation:

Liquidity is the ability of quickly buy or sell a stock without any price change.

Liquidity in a small-capitalization stock that has low trading volume is generally low that causes a problem for traders. It is so because in small capitalization, traders are unable to understand potential pitfalls and blindly invest in small-capitalization stocks which do not give profit as expected and the liquidity becomes low.

Hence, the correct answer is B) Liquidity.

n the _____stage of team development, team members often become intensely loyal to one another and feel mutual accountability for team successes and failures.

Answers

Answer:

Performing.

Explanation:

In other to get to this stage of team development, you must have passed through the certain other three stages where you are been formed as a group and also stormed before performance.

Group seen to have made it to their performing stage are seen to displays a level of competence experience and also trust that is less apparent in the earlier stages of group development. Cohesion is seen to be the vital driver in this stage of team development. Also strong relationships is maintained amongst its members facilitating smooth flow of work; and can certainly work without supervision too.

Pedra, Inc. incurred direct labor costs of $54,000 for 6,000 hours. The standard labor cost was $55,200. During the month, Pedra assigned 6,000 direct labor hours costing $54,000 to production. The standard hours were 6,200. Journalize the transactions for Pedra, Inc. to account for this activity.

Answers

Answer and Explanation:

The Journal entry is shown below:-

1. Factory Labor Dr, $55,200

            To Labor Price Variance $1,200

            To Factory Wages Payable $54,000

(Being factory labor is recorded)

Here we debited the factory labor as it increased the expenses and we credited the labor price variance and factory wages payable as  it the factory wages payable increased the liabilities

2. Work in Process Inventory $57,040 ($55,200 ÷ $6,000 × $6,200)

             To Labor Quantity Variance $1,840

              To Factory Labor $55,200

(Being is work in progress is recorded)

Here we debited the work in progress inventory as it increased the assets and we credited the labor quantity variance and factory labor as the factory labor decreased the expenses

Journalize the following sales transactions for Salem Sportswear. Explanations are not required.

Aug. 1 Salem sold $69,000 of women's sportswear on account, credit terms of 3 / 10, n / 60. Cost of goods is $38,000.
5 Salem received a $3,500 sales return on damaged goods from the customer. Cost of goods damaged is $1 ,750.
10 Salem receives payment from the customer on the amount due, less the return and discount.

Journalize the sales transactions.

Aug 1 : Salem sold $69,000 of women's sportswear on account, credit terms of 3 / 10, n / 60. Cost of goods is S38,000.
Begin by preparing the entry to journalize the sale portion of the transaction.

Answers

Answer:

Aug. 1

Trade Receivable $69,000 (debit)

Cost of Sales  $38,000 (debit)

Sales Revenue $69,000 (credit)

Inventory  $38,000 (credit)

Aug 5

Sales Revenue  $3,500 (debit)

Inventory  $1 ,750 (debit)

Trade Receivable  $3,500 (credit)

Cost of Sales  $1 ,750 (credit)

Aug 10

Cash $63,535 (debit)

Discount allowed $1,965 (credit)

Trade receivable $65,500 (credit)

Explanation:

Aug 1

Recognize the Cost of Sale and the Assets of Trade Receivables.

Aug 5

De-recognize the Cost of Sales and Assets of Trade receivables to the extent of the goods that were returned.

Aug 10

Recognize the Cash Asset received less the cash discount of 3 % and also recognize the discount allowed expense to the amount of discount allowed.

Calgary Lumber Company incurs a cost of $315 per hundred board feet (hbf) in processing certain "rough-cut" lumber, which it sells for $440 per hbf. An alternative is to produce a "finished-cut" at a total processing cost of $465 per hbf, which can be sold for $600 per hbf. a. Prepare a differential analysis dated March 15 on whether to sell rough-cut lumber (Alternative 1) or process further into finished-cut lumber (Alternative 2).

Answers

Answer:

Calgary Lumber Company

Differential Analysis dated March 15:

                                     Alternative 1                   Alternative 2

                                Sell rough-cut Lumber     Process to finished-cut

Sales                             $440                                  $600

Cost of processing         315                                     465

Profit                             $125                                    $135

Choose Alternative 2.

Explanation:

Calgary Lumber Company's differential analysis is a tool that its management can use to decide the alternative to pursue by examining the differences in the outcomes of two or more alternative actions.  From the analysis done between the two alternatives open to Calgary, it appears that the second alternative will yield a higher profit of $135 instead of alternative 1's profit of $125.  There is a differential profit of $10 per hundred board feet to be made if Calgary Lumber Company pursues alternative 2 instead of alternative 1.

Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity:
Date Cash Effective Decrease in Outstanding
interest interest balance balance
1/1/2021 $207,020
6/30/2021 $7,000 $6,211 $789 206,230
12/31/2021 7,000 6,187 813 205,417
6/30/2022 7,000 6,163 837 204,580
12/31/2022 7,000 6,137 863 203,717
6/30/2023 7,000 6,112 888 202,829
12/31/2023 7,000 6,085 915 201,913
6/30/2024 7,000 6,057 943 200,971
12/31/2024 7,000 6,029 971 200,000
What is the annual stated interest rate on the bonds?
a. 3.5%
b. 6%
c. 7%
d. none of the above

Answers

Answer:

c. 7%

Explanation:

According to the given scenario, the computation of the annual stated interest rate on the bonds is shown below:-

Sated interest Rate = Cash interest ÷ Face Value of the bond × 2

= $7,000÷ $200,000 × 2

= 7%

Therefore for computing the annual stated interest rate on the bonds we simply applied the above formula. hence the correct option is c

Sand Key Development Company estimates that it will generate an operating income of $7.25 million. Which financing option should Sand Key use?

Answers

Answer: debt financing option

Explanation:

Debt financing is a way by which an economic agent such as the individual, firm or the government gets enough money in order to meet a particular need.

Debt financing can be through loans from family and friends, personal loans, bank loans, credit cards etc. Since Sand Key Development Company estimates that it will generate an operating income of $7.25 million, the company can use debt financing.

Select the correct answer.
What does a production possibilities curve represent?
ОА.
a combination of price and demand of goods and services
B.
a combination of the goods produced before and after a change in a factor of production
Ос.
a combination of two factors of production used to produce a single good or service
OD
a combination of two goods that can be produced using limited resources

Answers

The statement that describes what a production possibility curve represent is: D.

What is Production Possibility Curve?Production possibility curve can be described as that which shows the quantity of two products that can possibly be produced if both products are to depend on the same resources for production to occur.The image attached below shows a typical production possibility curve.

Therefore, the statement that describes what a production possibility curve represent is: D.

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g A company's most recent balance sheet reported total assets of $1.9 million, total liabilities of $0.8 million, and total equity of $1.1 million. Its Debt to equity ratio is: Group of answer choices

Answers

Answer:

0.73

Explanation:

Debt to equity ratio is calculated as Total debt / Total equity

= $0.8 million / $1.1 million

= 0.73

Therefore, debt to equity ratio is 0.73

Tennessee Corporation is analyzing a capital expenditure that will involve a cash outlay of $109,332. Estimated cash flows are expected to be $36,000 annually for 4 years. The present value factors for an annuity of $1 for 4 years at interest of 10%, 12%, 14%, and 15% are 3.170, 3.037, 2.914, and 2.855, respectively. The internal rate of return for this investment is a.9% b.3% c.10% d.12%

Answers

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-109,332

Cash flow each year from year 1 to 4 = $36,000

IRR = 12%

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.  

changed its estimates to a total useful life of 5 years with a salvage value of $81000. What is 2021 depreciation expense?

Answers

Answer:  $162,000

Explanation:

The depreciation expense for the first 3 years up till 2021 is;

= (Cost - Salvage value)/Useful life

= ( 579,000 - 57,000) / 9

= $58,000

In 2021, the Net book value was;

= 579,000 - ( 58,000 * 3)

= 579,000 - 174,000

= $405,000

Useful life has been changed to 5 years. 3 years have already elapsed left with 2.

New salvage value is $81,000.

= (NBV - Salvage Value) / Useful life

= (405,000 - 81,000) / 2

= $162,000

Selling, general, and administrative expenses were $160,600; net sales were $730,000; interest expense was $17,500; research and development expenses were $76,650; net cash provided by operating activities was $193,800; income tax expense was $16,360; cost of goods sold was $401,500. Required: a. Calculate operating income for the period.

Answers

Answer:

OPERATING INCOME $91,250

NET INCOME $57,390

Explanation:

a. Calculation for operating income for the period.

Net sales $730,000

Less: Cost of goods sold ($401,500)

Gross profit $328,500

Less Selling, general, and administrative expenses ($160,600)

Less: Research and development expenses ($76,650)

OPERATING INCOME $91,250

b. calculation for the net income for the period.

Net sales $730,000

Less: Cost of goods sold ($401,500)

Gross profit $328,500

Less Selling, general, and administrative expenses ($160,600)

Less: Research and development expenses ($76,650)

OPERATING INCOME $91,250

Less: Interest expense ($17,500)

Less: Tax expense ($16,360)

NET INCOME $57,390

Therefore the OPERATING INCOME will be $91,250 while the NET INCOME will be $57,390

White says, “We live in a world where success is defined by income.” Do you agree with this statement? Discuss examples in your life that support or negate this idea.

Answers

Answer:

yes i agree coz nowadays even in my family, the outsiders give more respect and praise my big brother as he earns big income

The decision that could be made regarding the statement that "In the modern world, income has turned equivalent to success" would be:

Yes.

The reason to agree with this statement is due to the increased importance that the modern world has provided to money.For example, a person is considered successful only when he earns a handsome amount while a person with a lower or average income but greater satisfaction level is considered unsuccessful. However, there is also a saying that "money can't buy happiness" which suggests that people can be sad even after having money and vice versa.Thus, it depends on the individual's perception and the way they equate success with happiness or material possessions.

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Company X was expected to have earnings per share of $0.52 for the upcoming quarter. On the day of the results, the company reported earnings per share of $0.83. What happened to the share price when the stock market opened?

Answers

Answer:

Rise in stock price.

Explanation:

In general, the stock price has increased because the expected earning was $0.52 per share but the actual earnings were $0.83. therefore, we can say that stock prices have increased. moreover, there are other factors that may affect the stock price. But in this case. A positive surprise in the earnings per share results in stock price going up.

"In the long-run, monopolistically competitive firms: have excess capacity. produce at the minimum of average total cost. charge prices equal to marginal cost. both B and C are true."

Answers

Answer:

The correct answer is the option D: Both B and C are true.

Explanation:

To begin with, a monopolistically competitive firms is the one that produces in a market in where the other companies sell a pretty similar but different product and there are a lot of buyers so the most important way to difference themself is by the publicity or the identification of the brand in the mind of the consumers. Moreover, in this type of market in the long-run equilibrium the price if equal to the marginal cost and also to the minimun of the average total cost so therefore that it is said that there are zero economic profit

Harris Co. takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of disposition. Data relating to one of Harris's depreciable assets at December 31, 2015 are as follows: Acquisition year 2013 Cost $210,000 Residual value 30,000 Accumulated depreciation 144,000 Estimated useful life 5 years Using the same depreciation method as used in 2013, 2014, and 2015, how much depreciation expense should Harris record in 2016 for this asset? a. $24,000b. $36,000c. $42,000d. $48,000

Answers

Answer:

A.24,000

Explanation:

Depreciation expense for the year 2016 can be calculated as follows

DATA

Acquisition year = 2013

Cost = $210,000

Residual value = 30,000

Accumulated depreciation = 144,000

Estimated useful life = 5 years

Remaining useful life = 5 + 4 + 3 + 2 + 1 = 15

Solution

Year    Cost     Remaining life  Depreciation fraction   Depreciation exp

  1      180,000        5                         5/15                        $60,000

 2     180,000         4                         4/15                        $48,000

 3     180,000         3                         3/15                        $36,000

 4    180,000          2                         2/15                        $24,000

 5   180,0000         1                          1/15                        $12,000

Harris Co.  should record $24,000 in 2016 for this asset

2. Roth retirement funds require you to pay taxes on your investment dollars up-front, while
traditional IRAs allow you to pay taxes only when you withdraw your investment at age 59.5 or
older. What are the pros and cons of each option?
(10 points: 5 for at least one pro and 5 for at least con)

Answers

Answer:

The Pros and Cons of Roth IRA and the Traditional IRA or 401(K):

Roth IRA is not advantageous to those, who are starting to save late in their career.  It favors the younger worker, who is starting out with low-paying jobs at lower-paying tax rates, who will later be earning more.

With Roth IRA, you suffer the tax burden upfront when you are active and while making your contributions, so that you can enjoy your retirement benefits tax-free.  This is why the younger worker benefits more.  In the prime of life with little responsibilities, you can settle the taxman so that you can be free of him later in older age.  But, if you are in the high tax bracket, this category is not funny for you, anyway.  The IRS has an income limit for this category, therefore, you must go for the traditional IRA.

The traditional IRA saves you the tax burden initially, but you can never be free of the IRS.  It must take its share later, having allowed you to enjoy tax-free contributions.  When the net is filled, the IRS cuts its percentage off.

You will never feel bad then, because your tax rate will surely be reduced in comparison with when you are making the contributions.  So, it is just and right to allow the IRS, who generously helped you to grow the nest in the first place to take its just and lawful cut.  It does not bleed too much then, afterall you are drying up with life's responsibilities, including reduced tax bracket, and many of your children have started answering to the IRS independently.  This is the better time to deal with IRS, anyway.

Explanation:

The question has the explanation:  ROTH IRAs are retirement funds that allow you to pay taxes on your investments into retirement funds as you are making the contributions, so that you are free to make your withdrawals after at least 5 years without paying additional taxes.

The traditional IRAs or the 401(K) encourage you to make your retirement contributions without paying taxes on them so that you can contribute more.  Then the IRS will bounce on you to pay the taxes when you are making withdrawals having grown the investments.

IRAs mean Individual Retirement Accounts which individuals use to save and accumulate their retirement funds.

Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been made, and it is expected that the following cash flows would be associated with opening and operating a mine in the area:
Cost of new equipment and timbers $ 380,000
Working capital required $ 120,000
Annual net cash receipts $ 135,000
Cost to construct new roads in year three $ 44,000
Salvage value of equipment in four years $ 69,000
Receipts from sales of ore, less out-of-pocket costs for salaries, utilities, insurance, and so forth.
The mineral deposit would be exhausted after four years of mining. At that point, the working capital would be released for reinvestment elsewhere. The company’s required rate of return is 18%.
Required:
Determine the net present value of the proposed mining project. (Any cash outflows should be indicated by a minus sign.

Answers

Answer:

The net present value of the proposed mining project is - $163,621.41.

Explanation:

The Summary of Cash flows is as follows :

Year 0 : - ($ 380,000 + $ 120,000) = - $500,000

Year 1 : $ 135,000

Year 2: $ 135,000

Year 3: $ 135,000 - $ 44,000 = $91,000

Year 4: $ 135,000 + $ 69,000 + $ 120,000 = $324,000

Determine the Net Present Value of the mining project as follows :

Using a Financial Calculator, entries will be as follows

- $500,000     CFj

$ 135,000        CFj

$ 135,000        CFj

  $91,000        CFj

$ 135,000        CFj

18 %                 I/YR

SHIFT NPV   - $163,621.41

Sager Industries is considering an investment in equipment that will replace direct labor. The equipment has a cost of $1,200,000 with a $300,000 residual value and a 10-year life. The equipment will replace three employees who has an average total wages of $180,000 per year. In addition, the equipment will have operating and energy costs of $7,500 per year.
Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment.

Answers

Answer:

Average rate of return = 11%

Explanation:

Depreciation = (Cost of equipment - Residual value) / Useful years

Depreciation = (1,200,000-300,000) / 10

Depreciation = 90,000

Increase in net annual income = 180,000 - 90,000 - 7,500

Increase in net annual income = 82,500

Average investment = (1,200,000 + 300,000) / 2 = 750,000

Average rate of return = Increase in net annual income / Average investment

Average rate of return = 82,500/750,000

Average rate of return = 0.11

Average rate of return = 11%

A mortgage is paid off in 30 years with a total of $124,000. It had a 2% interest rate that compounded monthly. What was the principal

Answers

Answer:

the Principle, PV on the mortgage was $68,086.64.

Explanation:

The Principle on the mortgage, PV is determined as follows :

FV = $124,000

N = 30 × 12 = 360

P/ yr = 12

PMT = $0

R = 2%

PV = ?

Using a Financial Calculator, the Principle, PV on the mortgage was $68,086.6399 or $68,086.64.

Suppose that on August 14, 2019, an antique woven rug handmade in Canada is priced at CAD 1,100. The approximate U.S. dollar price of the rug would be

Answers

Answer:

USD 825.95

Explanation:

Step one:

To tackle this problem we need data from historical chart.

From historical chart, on August 14, 2019, 1 USD  is equivalent to CAD 1.3318

Step two:

From the historical data we need to perform conversion on the data to get the USD equivalent of the CAD given in the problem

Hence

if 1 USD = CAD 1.3318  then

x USD   =  CAD 1,100

by cross multiplying we have

x USD=  1,100/ 1.3318

x USD= 825.95

Hence as at  August 14, 2019  CAD 1,100 is USD 825.95

Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the North American market, requires a special plastic. During the quarter ending June 30, the company manufactured 3,600 helmets, using 2,664 kilograms of plastic. The plastic cost the company $20,246. According to the standard cost card, each helmet should require 0.65 kilograms of plastic, at a cost of $8.00 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 3,600 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 3,600 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance?

Answers

Answer and Explanation:

The computation is shown below;

1. The Standard quantity of kilogram for making 3,600 helmets is

= Number of helmets × number of kilograms required

= 3,600 × 0.65

= 2,340

2. The standard material cost is

= Standard quantity × standard price

= 2,340 × $8

= $18,720

3. Material spending variance is

= Plastic cost - standard material cost

= $20,246 - $18,720

= $1,526 unfavorable

4. The material price and quantity varaince is

Price variance

= Plastic cost - (number of plastic × cost)

= $20,246 - (2,664 × $8)

= $1,066 favorable

Quantity variance

= Standard Cost × (Actual quantity - standard quantity)

= $8 × (2,664 - 2,340)

= $2,592 unfavorable

Orbit​ Services, Inc. pays $ 760 ,000 to acquire 30​% ​(200,000 shares) of the voting stock of State​ Investments, Inc. on January​ 5, 2019. State​ Investments, Inc. declares and pays a cash dividend of $ 1.40 per share on June​ 14, 2019. What is the correct journal entry for the transaction on June​ 14, 2019?

Answers

Answer:

since Orbit's investment represents a significant influence (more than 20%) on State, we have to use the equity method for accounting for investments in other companies.

the journal entry to record the initial investment:

January 5, 2019, investment in State​ Investments, Inc.

Dr Investment in State​ Investments, Inc., 760,000

    Cr Cash 760,000

When we use the equity method, cash dividends decrease the carrying value of our investments:

June 14, 2019, cash dividend received from State Investments, Inc.

Dr Cash 280,000

    Cr Investment in State​ Investments, Inc., 280,000

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