_________________ agreements are one way to achieve the goal of swapping skills and technologies that each company in a strategic alliance covets, and ensuring a chance for equitable gain.
A. Join venture
B. Sharing
C. Cross-licensing
D. Learning
E. Contractual

Answers

Answer 1

Answer:

it should be C. cross-licensing


Related Questions

TB MC Qu. 8-129 Dilly Farm Supply is located in a small ... Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $306,000 for November, $326,000 for December, and $226,000 for January. Collections are expected to be 70% in the month of sale and 30% in the month following the sale. The cost of goods sold is 75% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 80% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $22,700. Monthly depreciation is $29,000. Ignore taxes.

Balance Sheet October 31

Assets:
Cash $32,000
Accounts receivable 82,500
Merchandise inventory 182,880
Property, plant and equipment, net of $624,000 accumulated depreciation 916,000
Total assets $1,213,380

Liabilities and Stockholders' Equity
Accounts payable $250,000
Common stock 751,000
Retained earnings 212,380
Total liabilities and stockholders' equity $1,213,380

Retained earnings at the end of December would be:_______

Answers

Answer:

retained earnings at December 31, 202x = $266,980

Explanation:

income statement for November and December:

Sales revenue               $632,000

COGS                            ($474,000)

Gross profit                     $158,000

Operating expenses:

Depreciation                   ($58,000)

Other expenses              ($45,400)

Net income                      $54,600

retained earnings = previous balance + net income - dividends paid = $212,380 + $54,600 - $0 = $266,980

intext:"Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2,000 uncollectible account of its customer, A. Hopkins. The entry or entries Gideon makes to record the write off of the account on May 3 is"

Answers

Answer:

Dr  Allowance for Doubtful Accounts 2,000

Cr Accounts Receivable - A. Hopkins 2,000

Explanation:

Preparation of the Journal  entry that Gideon will makes in order to record the write off of the account on May 3

Based on the information given we were told that on May 3 the Company wrote off the amount of $2,000 a uncollectible account of its customer which was A. Hopkins, this means that the Journal entry will be recorded as:

May 3

Dr  Allowance for Doubtful Accounts 2,000

Cr Accounts Receivable - A. Hopkins 2,000

One of the world's most-recognizable franchisers is McDonald's. Advantages of franchising in global markets include:

Answers

Answer: d. forgoing the development costs and risks associated with opening up a foreign market.

Explanation:

Franchising is a way of expanding a business by allowing another company to sell the products of the expanding company and pay them for it.

It works by the Expanding company (franchisor) providing their skills, technical know-how and allowing the franchisee to use their image rights to sell products.

This is a cheap way of expanding in foreign markets because the franchisor does not have to spend money starting up in that country and developing a business from scratch. It can simply license another company that is already there to sell for it thereby avoiding risks of setting up anew in a foreign market.

Terrance needs to comminicate with managers in several different locations regarding a sensitive complex topic. Therefore he should choose the communication medium highest in information richness which would be a:______

a. Voice mail message.
b. Group email.
c. Videoconference.
d. Recorded presentation.

Answers

The correct answer is b

Zycon has produced 10,000 units of partially finished Product A. These units cost $20,000 to produce, and they can be sold to another manufacturer for $12,000. Instead, Zycon can process the units further and produce finished Products X, Y, and Z. Processing further will cost an additional $16,000 and will yield total revenues of $30,000.Required:Identify weather the tem is relevant or irrelevant to the sew or process further decision.

Answers

Answer:

1. $20,000 cost already incurred to a produce. - Irrelevant

This cost has already been incurred in the initial production and as such are classified as sunk costs. Sunk costs are not relevant to the decision on whether to sell or process the product further.

b. $12,000 selling price - Relevant

As this amount relates to the selling price were the product not to be processed further, it is relevant to the sell or process the products further decision.

c. $16,000 additional processing costs - Relevant

This is the incremental cost should the product be processed further and so is relevant to the decision.

d. $30,000 revenues from processing further. - Relevant.

As the total revenue that could be realized if the product is processed further, this is very relevant to the decision on whether to process further or sell.

Dvorak Company produces a product that requires 5 standard pounds per unit. The standard price is $2.50 per pound. If 1,000 units required 4,500 pounds, which were purchased at $3.00 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) total direct materials cost variance

Answers

Answer:

Direct material price variance= $2,250 unfavorable

Direct material quantity variance= $1,250 favorable

Total variance= $1,000 unfavorable

Explanation:

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2.5 - 3)*4,500

Direct material price variance= $2,250 unfavorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 5*1,000= 5,000

Direct material quantity variance= (5,000 - 4,500)*2.5

Direct material quantity variance= $1,250 favorable

Total variance= 1,250 - 2,250= $1,000 unfavorable

Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2015, the company's board of directors declares a 20 percent stock dividend. This stock dividend will be distributed on January 20, 2016 to the stockholders of record on January 15, 2016. The market price of the company's stock is $10 per share on December 31, 2015. Required:Complete the necessary journal entry to record the declaration of the stock dividend by selecting the account names and dollar amounts.

Answers

Answer:

December 31, 2015

DR Retained Earnings $40,000  

       CR Common Stock Dividend Distributable   $40,000

(To record declaration of stock dividend)

 

Working

Common Stock Dividend Distributable

= No. of shares * Par value * % stock dividend

= 100,000 * 2 * 20%

= $40,000

In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assigned to each machine and each machine must be assigned one job?
A. 5
B. 1
C. 3,125
D. 120
E. 25

Answers

Answer: D. 120

Explanation:

The first machine being assigned a job can be assigned one from 5 jobs.

Once that happens, the next machine can only be assigned from any one of 4 jobs.

The next machine, any one of 3 jobs.

The next machine, any one of 2 jobs.

The Last machine gets the last job remaining.

The different ways a job can be assigned therefore are;

= 5 * 4 * 3 * 2 * 1

= 120

Would activity-based costing or activity-based management be useful for the airport store? Why or why not?

Answers

Answer with Explanation:

Activity based costing will not be useful because the airport store has hundreds of items which share a indirect costs like rentals, warehouse expenses, delivery costs, electricity, maintenance costs, etc.

The reason why its use in the case of airport store is not beneficial is as under:

Time Consuming: All indirect costs can't be absorbed in hundreds of product and would take more than one month to allocate indirect costs to each product. List of Restricted Product Price: Another reason is that the airport stores are given a price schedule which restrict selling of products at higher costs. This means if the contribution arising from the product then we can't change its price as it is restricted by the airport authorities.The indirect cost remains fixed and is not changing in this case which means it is not determinable which product consumes greater share of indirect cost as sometimes shelves will be not 100% occupied hence determining cost drivers for each cost pool would be a difficult task.Purpose is Lost: The purpose of ABC is to allocate the indirect costs to each product which apportioned on a fairer basis and lower the indirect cost by lowering the usage of cost drivers. The indirect costs can't be lowered as maintenance cost is fixed, electricity consumption remains the same, rentals are also fixed, this means that the purpose of allocation and controlling of cost drivers is lost.Suitable for Manufacturers not for Stores: The manufacturer's products deal with dozens of costs that are variable if the cost driver changes. The cost driver changes are not changing the indirect cost in the case of airport store which means that if a product which occupied 1 shelve is now occupying 2 shelves is not increasing the rental cost.

Hence ABC is not suitable for airport store.

Archie Co. purchased a framing machine for $60,000 on January 1, 2021. The machine is expected to have a four-year life, with a residual value of $5,000 at the end of four years. Using the sum-of-the years'-digits method, depreciation for 2022 and book value at December 31, 2022, would be: (Do not round intermediate calculations.)

Answers

Answer:

$16,500

Explanation:

Depreciation is a method used in expensing the cost of an asset.

sum-of-the years'-digits method = (useful life remaining / sum of years) x (cost of asset - residual value)

sum of the years  = 1 + 2 + 3 + 4 = 10

(3 / 10) x ($60,000 - $5,000) = $16,500

On July 1, 20Y7, Pat Glenn established Half Moon Realty. Pat completed the following transactions during the month of July:
A. Opened a business bank account with a deposit of $25,000 from personal funds.
B. Purchased office supplies on account, $1,850.
C. Paid creditor on account, $1,200.
D. Earned sales commissions, receiving cash, $41,500.
E. Paid rent on office and equipment for the month, $3,600.
F. Withdrew cash for personal use, $4,000.
G. Paid automobile expenses (including rental charge) for the month, $3,050, and miscellaneous expenses, $1,600.
H. Paid office salaries, $5,000.
I. Determined that the cost of supplies on hand was $950; therefore, the cost of supplies used was $900.
What would the Financial Statement look like?

Answers

Answer:

Explanation:

A) Debit cash 25,000 , credit capital 25,000

B)Credit Payable 1850 , Debit supplies 1850

C) Credit cash (1200), Debit payable (1200)

D) Debit cash 41,500 , credit sales commission 41,500

E)Credit cash (3600). debit rent 3,600

F)Credit cash ( 4000), debit drawings 4000

G)credit cash (4,650), debit automobile 3,050,miscellaneous 1600

H) Credit cash (5,000), debit salaries 5000

i)Credit supplies (900) debit supplies expense 900

Overall total

Cash = 25000-1200+41500-3600-4000=4650-5000 48,050

Supplies = 1850 -900 =950

Account payable = 1850-1200 =650

Capital = 25,000

Drawing =4000

Sales commission = 41,500

Salaries = 5,000

Rent = 3,600

Automobile expenses =3050

Miscellaneous expenses =1600

Supplies expenses = 900

Income statement

Revenue ( sales commission )                                        41,500

Expenses

salaries                              5,000

Rent                                    3,600

Supplies                                900

Automobile                          3,050

Miscellaneous                      1,600

Total expenses                                                                         14,150

Gross profit                                                                                27,350

Statement of financial position

Assets

Cash                                   48,050

Supplies                                  950

Total                                     49,000

Liabilities

Account payable                   650

Capital                                   25,000

Drawing                                  (4000)

Total                                      21,650

Owners equity                      27,350

Total liabilities and equities 49,000

Owners equity = ( sales commission - salaries - rent -supplies - automobile -miscellaneous )

On January 1, the listed spot and futures prices of a Treasury bond were 95.4 and 95.6. You sold $100,000 par value Treasury bonds and purchased one Treasury bond futures contract. One month later, the listed spot price and futures prices were 95 and 94.4, respectively. If you were to liquidate your position, your profits would be a Group of answer choices $125 profit. $1,060.50 loss. None of the options are correct. $125 loss. $1,062.50 profit.

Answers

Answer:

None of the options are correct.

Explanation:

We start by calculating the net change of the treasury bond position.

= $95,125 - $95,000

= $125

The long treasury bond position gains $125 after a month.

We will also calculate the net change of the treasury bond futures contract.

= $94,125 - $95,187.50

= -$1,062.50

Therefore, Net profits is;

= $125 - $1,062.50

= -$937.50

Colleen, an active union member, applies for a job at a company that her union has targeted so that she can start organizing efforts in favor of the union. She is also being paid by the union for her efforts. Which of the following practices is Colleen employing?a. Embeddingb. Saltingc. Corporate intelligence d. Subversion

Answers

Answer:

Correct Answer:

a. Embedding

Explanation:

Colleen could only be able to acquire the needed information about the company which her Union targets by applying to work in the company. The act of infusing herself with the company is called Embedding.

She would be able to be closer to other workers as well encourage them on the need to join the unions. This she could not be able to achieve if she was outside the company.

You have just been instructed to develop a schedule for introducing a new product into the marketplace. Below are the elements that must appear in your schedule. Arrange these elements into a work breakdown structure (down through level 3), and then draw the arrow diagram. You may feel free to add additional topics as necessary.1. Production layout2. Market testing3. Review plant cost4. Select distributors5. Analyze selling cost6. Analyze customer reactions7. Storage and shipping cost8. Select salespeople9. Training salespeople10. Trained distributors

Answers

Answer:

Attached below is the arrangement of these elements with additional topics  and arrow diagram

Explanation:

The given Elements are :  Production layout , market testing , Review plant cost, select distributors, Analyze selling cost, Analyse customer reactions, storage and shipping cost, select salespeople, training sales people, trained distributors. including additional topics as well

The Big Five Personality refers to the structures and propensities of people that explain their patterns of thought, emotion, and behavior. Although there are literally thousands of traits that can be used to describe an individual's personality, most traits reflect one of five broad dimensions or factors of personality: conscientiousness, agreeableness, neuroticism, openness to experience, and extraversion. It is especially useful for managers to understand the personality traits of their employees since these traits often have important implications for workplace attitudes and behaviors, such as performance and commitment. The following activity takes you through the thought process of a manager trying to hire a new sales associate based on personality assessments of the candidates. Imagine that you are a midlevel manager at a paper company and you are in the process of hiring a new sales associate. So far, you have scheduled interviews with three potential candidates. You just concluded your first interview and want to spend some time reflecting on the notes you took. In particular, you want to make sure that you have a solid grasp of each candidate's personality traits since you know how important that can be on the job. Read through the notes and classify them according to the Big Five Taxonomy of personality. Conscientiousness Agreeableness Neuroticism Took Initiative Openness to Experience Cold Hardworking Extraversion

Answers

Answer and Explanation:

Please find attachments

The big five taxonomy of personality refers to the "Big five" personality traits believed to be the traits on which many different personalities of people revolve. They include:extraversion, agreeableness, openness, conscientiousness, and neuroticism.

 In the example above, based on the manager's interview with Cynthia. The manager can understand her personality by classifying using the big five personality traits  based  on information gathered from her and recommendations:

Cynthia took initiative: this falls under openness which are people who are creative and adventurous and like to learn new things  

Cynthia could be hardworking: this falls under conscientiousness characterized by people who are generally organized and careful about things

Cynthia follows procedures: this falls under agreeableness which is the tendency to be trust and be cooperative

Cynthia seemed nervous: this falls under neuroticism which is the tendency for one to be emotionally unstable and usually have mood swings, anxiety or be sad

Cynthia was described as cold: this is also fall under neuroticism as Cynthia could be depressed

Consider two bonds, a 3-year bond paying an annual coupon of 5%, and a 20-year bond, also with an annual coupon of 5%. Both bonds currently sell at par value. Now suppose that interest rates rise and the yield to maturity of the two bonds increases to 8%. a. What is the new price of the 3-year bond?

Answers

Answer:

$922.69  

Explanation:

The price of the 3-year bond can be computed using the below bond price formula:

Price=face value/(1+r)^n+coupon*(1-(1+r)^-n)/r

face value is $1000

r is the new interest rate of 8%

n is the number of annual coupons the bond would pay which is 3

coupon=face value*coupon rate=$1000*5%=$50

price=1000/(1+8%)^3+50*(1-(1+8%)^-3)/8%

price of 3-year bond=$922.69  

Pressure tactics lead the other party to realize that the status quo is acceptable, and they make explicit the costs of not negotiating.
a. True
b. Fasle

Answers

Answer: b. False

Explanation:

Pressure tactics is described as to pressurize the other party to realize that the status quo is unacceptable, and they make the costs of not negotiating very explicit.

Pressure tactic is one of the influence tactics which focuses on using power by demanding compliance or using threats.

Hence, the given statement is false.

Milano Gallery purchases the copyright on an oil painting for $510,000 on January 1, 2017. The copyright legally protects its owner for 12 more years. The company plans to market and sell prints of the original for 19 years.


Requried:

Prepare entries to record the purchase of the copyright on January 1, 2017, and its annual amortization on December 31, 2017.

Answers

Answer:

See journal entries below.

Explanation:

The copy right is known as an intangible asset that is purchased to a business hence debited to factor in its purchase value while the bank is credited for the payment for the purchase.

Although the copyright is amortized for 12 years, the copyright protection expires after 12 years - which is the legal year irrespective of its plan to market and sell the painting for 19 years.

• Entries to record to record the purchase of copyrights on January 1, 2017.

Date

January 1,2017

Copyright Dr $510,000

Bank Cr $510,000

(Being purchase of 12 years painting copyrights)

• Annual amortization on December 31, 2017

December 31, 2017

Amortization Dr $42,500

Copyright Cr $42,500

(Being annual amortization cost on 12 years painting copyright)

The statement "Automobiles manufactured by this brand are the safest" is an example of the _____ component of attitude.

Answers

Answer:

cognitions

Explanation:

The cognitions component of attitude refers to the opinion a person has about an object. According to this, the answer is that the statement "Automobiles manufactured by this brand are the safest" is an example of the cognitions component of attitude as the sentence shows the belief the person has about that brand.

Which of the following is most correct according to the CAPM: Group of answer choices A stock’s risk premium depends on its beta. Company specific risk is the most relevant risk. A stock’s risk premium depends on its firm-specific risk. There is a linear and positive relationship between a stock’s total risk and its required return.

Answers

Answer: A stock’s risk premium depends on its beta

Explanation:

The Capital Asset Pricing Model (CAPM) helps in knowing the relationship that exists between the systematic risk and return whihc an individual or a firm expects for an assets, such as stocks.

It should be noted that the beta influences the return. Therefore, stock’s risk premium depends on its beta.

On July 9, Mifflin Company receives an $8,500, 90-day, 8% note from customer Payton Summers as payment on account. Compute the amount due at maturity for the note and interest. (Use 360 days a year.)

Answers

Answer:

$8,670 and $170

Explanation:

The computation of the amount due at the time of maturity and the interest is shown below:

For interest, it is

= Received amount × rate of interest × number of months ÷ total number of months in a year

= $8,500 × 8% × 90 ÷ 360 days

= $170

And, the amount due at the time of maturity of the note is

= Received amount + interest

= $8,500 + $170

= $8,670

If a stock has a preemptive right, it gives current stockholders the right to purchase any new shares issued by the firm, so as to maintain their level of ownership. This right helps protect current stockholders against both dilution of control and dilution of value.
a. True
b. False

Answers

Answer: True

Explanation:

When new shares are issued, the preemptive right helps maintain the position of the shareholder. The preemptive right is vital to shareholders as it protects them against the dilution of ownership interests.

Also, it gives current stockholders the right to purchase any new shares issued by the firm, so as to maintain their level of ownership.

Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Company Southern Division Northern Division Sales $ 418,000 $ 193,000 $ 225,000 Variable expenses $ 130,880 $ 79,130 $ 51,750 Traceable fixed expenses $ 186,000 $ 77,000 $ 109,000 Common fixed expense $ 79,420 $ 36,670 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. What is the company's overall net operating income if it operates at the break-even points for its two divisions?

Answers

Answer:

Neelon Corporation

                                              Total Company   Southern   Northern

                                                                          Division      Division

Sales                                          $ 418,000    $ 193,000    $ 225,000

Variable expenses                    $ 130,880      $ 79,130        $ 51,750

Traceable fixed expenses       $ 186,000      $ 77,000     $ 109,000

Common fixed expense           $ 79,420      $ 36,670       $ 42,750

Net operating income               $ 21,700            $200         $21,500

Explanation:

a) Data and Calculations:

                                             Total Company   Southern   Northern

                                                                          Division      Division

Sales                                          $ 418,000    $ 193,000    $ 225,000

Variable expenses                    $ 130,880      $ 79,130        $ 51,750

Traceable fixed expenses       $ 186,000      $ 77,000     $ 109,000

Common fixed expense           $ 79,420       $ 36,670      $ 42,750

Net operating income               $ 21,700             $200       $21,500

Neelon Corporation reaches break-even point when it will make no profit or loss.  This implies that its break-even point is reached when sales revenue equals both variable and fixed costs.  The excess that Neelon Corporation generates from sales revenue over total costs is regarded as operating income.

Consider the production function
Y = (K)^1/2 (N)^1/2
where Y is output, K is capital, and N is the number of workers (abor)
When K = 46 and N = 82, output is ________ (Round your response to two decimal places.)
If both capital and labor double, given the production function, output will _________.
If output doubles when inputs double, the production function will be characterized by:_________.
A. constant returns to scale
B. decreasing returns to scale.
C. increasing returns to scale.
D. none of the above.

Answers

Answer:

Requirement 1: Production Output will be 61.42 Units.

Requirement 2: Production Output will be doubled.

Requirement 3: Constant Returns to Scale

Explanation:

Requirement 1:

The output at K=46 and N=82 is given as under:

Y = (46)^1/2  *  (82)^1/2

Y = 61.42 Units

Requirement 2:

Now if we double "K" and "N" then:

Y' = (2K)^1/2  *  (2N)^1/2

Y' = 2 [(K)^1/2  *  (N)^1/2]

Y' = 2Y

This means that the output will be doubled.

Requirement 3:

Option A. Constant Returns to Scale

Constant returns to scale occurs when the increase in the input causes same proportional increase in the production output. Such same proportional increase in the production output is referred to as Constant Returns to Scale.

In the given scenario, as the production output doubles with the doubling of input which was seen in the requirement above. We can say that the production function is characterized by Constant Returns to Scale.

Hsung Company accumulates the following data concerning a proposed capital investment: cash cost $175, 846, net annual cash flows $37, 300, and present value factor of cash inflows for 10 years 5.02 (rounded). (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).)
Determine the net present value, and indicate whether the investment should be made?

Answers

Answer:

NPV = $11400

As the NPV from the project is positive, the investment should be made.

Explanation:

The NPV or net present value is an important metric that is used for project and investment evaluation. The NPV is the present value of the series of cash flows provided by the project less the initial cost incurred to undertake the project. NPV can be calculated as follows,

NPV = (Annual Cash Flow * Present value factor) - Initial cost

NPV = (37300 * 5.02)  -  175846

NPV = $11400

As the NPV from the project is positive, the investment should be made.

Barb bought a house with 20% down and the rest financed by a 30-year mortgage with monthly payments calculated at a nominal annual rate of interest 8.4% compounded monthly. She notices that one-third of the way through the mortgage she will still owe 200,000. Determine the purchase price of the house.

Answers

Answer:

$282,706

Explanation:

Calculation to Determine the purchase price of the house

First step

In order for us to determine the purchase price of the house we would be using TVM Calculation to find the PMT

Hence,

PMT =

PV = 200,000

FV = 0

N = 240

I = 0.084/12

Thus,PMT = $1,723.01

The Second step will be to Calculate the Loan Amount Using TVM Calculation,

PV =

FV = 0

PMT = -1,723.01

N = 360

I = 0.084/12

Thus, PV = $226,164.98

Last step is to Determine the purchase price of the house

Using this formula

Purchase price=PV/(100%-20% down)

Let plug in the formula

Purchase price =226,164.98/(0.80)

Purchase price = $282,706

Therefore the purchase price of the house will be $282,706

If the Fed increases ​ior enough, such that it will raise the intersection point with the vertical portion of reserve​supply, then the equilibrium fed funds rate will:_________

Answers

Answer: Increase

Explanation:

Based on the above scenario given in the question whereby when the Fed increases ​ior enough, such that it will raise the intersection point with the vertical portion of reserve​supply, then the equilibrium fed funds rate will increase.

There'll be a rise in the equilibrium fed funds since the intersection point has been raised.

Hughey Co. as lessee records a capital lease of machinery on January 1, 2011. The seven annual lease payments of $350,000 are made at the end of each year. The present value of the lease payments at 10% is $1,704,000. Hughey uses the effective-interest method of amortization and sum-of-the-years'-digits depreciation (no residual value). Round to the nearest dollar.

a) Prepare an amortization table for 2 011 and 2012.
b) Prepare all of Hughey's journal entries for 2011.

Answers

Answer:

Both requirements are solved below

Explanation:

An amortization table can be made as follows

DATA

Lease term = 7years

annual lease payments = $350,0000

Present value of the leases payment = $1,704,000

Implicit interest rate = 10%

Requirement A Amortization table for 2011 and 2012

Date   Annual payment  Effective    decreased      Balance

                                          interest        liability                                                                                                                     $1,704,000

12/31/11      $350,000      $170,400     $179,600     $1524,400

12/31/12      $350,000     $152,440     $197,560     $1,326,840

Requirement B journal entries for 2011

January 1  

Entry

                                      DEBIT           CREDIT

Leased machinery     $1,704,000

Lease liability                                   $1,704,000

December 31

Entry

                                      DEBIT           CREDIT

Interest expense       $170,400

Lease liability             $179,600

Cash                                                  $350,000

December 31

Entry

                                                   DEBIT           CREDIT

Depreciation expense(w)         $426,000

Accumulated depreciation                            $426,000

Working

Sum of the years =  (7+6+5+4+3+2+1)    = 28

Cost = $1,704,000

Residual value = $0

Estimated life = 7years

Depreciation expense = $1,704,000 x 7/28

Depreciation expense = $426,000

Consider Kodak's core competency before Fisher's arrival. As the market shifted from film to digital did the company's historical core competency still quality as a core competency? Did it pass the core competency test question(s)? If so, which one(s)?

a. Test 1
b. Test 2
c. Test 3

Answers

Answer: None of the three tests were passed as the market transitioned.

Explanation: one of the core competencies of Kodak were

1. Film was the basics of their critics products and services. As the market transitioned from the use of films for camera and devices to digital, Kodak refused or was reluctant to take the necessary risk to expand and forge beyond it current market and product to the digitalized market as a result suffered the consequence.

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:
Sales in Units
April 54,000
May 75,000
June 94,000
July 82,000
The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 20% of the following month’s sales. The inventory at the end of March was 10,800 units. Required: Prepare a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total.
down under products Ltd.
prodcution budget
april may june other
budgeted unit sales
total needs
required production in units

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Sales in Units

April 54,000

May 75,000

June 94,000

July 82,000

Desired ending inventory= 20% of the following month’s sales.

The inventory at the end of March was 10,800 units.

To calculate the production for each month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

April:

Sales= 54,000

Ending inventory= 75,000*0.2= 15,000

Beginning inventory= (10,800)

Total= 58,200 units

May:

Sales= 75,000

Ending inventory= 94,000*0.2= 18,800

Beginning inventory= (15,000)

Total= 78,800 units

June:

Sales= 94,000

Ending inventory= 82,000*0.2= 16,400

Beginning inventory= (18,800)

Total= 91,600 units

Total for the quarter= 228,600 units

In the above case, Sales in Units in the month of April is 54,000, in the month of May is 75,000, in the month of June is 94,000 and in the month of July is 82,000.

What is sales?

A sale is defined as a transaction between the parties in which the purchaser acquires goods, services, or assets in return for money. In some cases, other assets are pay off to a seller.

Computation of production:

According to the available information,

Desirable closing inventory= 20% of the following month’s sales.

The inventory at the end of March was 10,800 units.

To calculate the production in each month, the formula is:

[tex]\text{Production= Sales + Desired Ending Inventory - Beginning Inventory}[/tex]

Production in the month of April:

According to the given information,

Sales= 54,000

Ending inventory:

[tex]=75,000\times \dfrac{20}{100}\\= 15,000[/tex]

Beginning inventory= 10,800

Now, apply the given values in the above formula:

[tex]\text{Production= Sales + Desired Ending Inventory - Beginning Inventory}\\\\\text{Production} =54,000+15,000-10,800\\\\\text{Production}=58,200\text{Units}[/tex]

Production in the month of May:

Sales= 75,000

Ending inventory:

[tex]=94,000\times \frac{20}{100}\\\\= 18,800[/tex]

Beginning inventory= 15,000

Now, apply the given values in the above formula:

[tex]\text{Production= Sales + Desired Ending Inventory - Beginning Inventory}\\\\\text{Production} =75,000+18,800-15,000\\\\\text{Production}=78,800\text{Units}[/tex]

Production in the month of June:

Sales= 94,000

Ending inventory:

[tex]872,000\times\dfrac{20}{100}= 16,400[/tex]

Beginning inventory= 18,800

Now, apply the given values in the above formula:

[tex]\text{Production= Sales + Desired Ending Inventory - Beginning Inventory}\\\\\text{Production} =94,000+16,400-18,800\\\\\text{Production}=91,600\text{Units}[/tex]

Therefore, the Total for the quarter :

[tex]=\text{May's Production + June's Production+Juily's Production}\\\\=58,200+78,800+91,600 \text{Units}\\= 228,600 \text{Units}[/tex]

Learn more about sales, refer to:

https://brainly.com/question/16911495

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