Describe two distinct reasons why someone who has never used a drug in his or her life might refuse a test at work. Convert those reasons into well-founded ethical arguments.

Answers

Answer 1

Answer: See explanation

Explanation:

The two main reasons why someone who has never used a drug in his or her life might refuse a test at work are provided below:

1. If there's no health related reason for the employer to perform the test.

2. When there's no reason by the employee to believe that drug use is occurring.

It should be noted that an employee can refuse a testing unless testing is mandatory for the job or when there's reasonable suspicion. In a situation where there's suspicion, then ethically, the drug test is reasonable as an employee who uses drug can be less productive than others.

Based on this argument, the privacy of the employee should be respected. For example, in a scenario whereby an employer request for a urine sample of the employee, this is an invasion of privacy. Even if the worker took the substance tbe previous night, he or she didn't take it while at work and hence, that isn't the concern of the employer.

Also, there is an argument of freedom. As individuals, we have the right to pursue our own happiness. This is a legal argument.


Related Questions

An educational software company wants to compare the effectiveness of teaching about supply and demand curves between computer animation presentations and textbook presentation. The company tests the economic knowledge of a number of first-year college students, then randomly divides them into two groups. One group uses the animation and the other studies the text. The company retests all the students and compares the increase in economic understanding between the two groups. Is the study described above an experiment? Why or why not?

Answers

Answer:

Yes, this is often an experiment. the corporate assigned students to either the animation or the text, instead of watching post hoc ergo propter hoc data.

Explanation:  

The explanatory variables are the pre-test data and therefore the assignment to a given group. The responding variable is that the post-test data.

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 26 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 14 percent and the company just paid a $1.90 dividend. what is the current share price

Answers

Answer:

$46.20

Explanation:

Dividend in year 1 = 1.90 x 1.26 = 2.39

Dividend in year 2 = 1.90 x 1.26² = 3.02

Dividend in year 3 = 1.90 x 1.26³ = 3.80

Dividend in year 3 = (3.80 x 1.07) / (0.14 - 0.07) = 58.10

Calculate the present value of these dividends

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 2.39

Cash flow in year 1 = 3.02

Cash flow in year 1 = 3.80 + 58.10

I = 14

PV = $46.20

To determine PV using a financial calculator take the following steps:

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 company purchases and uses 40000 gallons of materials for which they paid $3 a gallon. The materials price variance was $90000 favorable. What is the standard price per gallon?

Answers

Answer:

the standard price per gallon is $5.25

Explanation:

the computation of the standard price per gallon is given below;

Materials Price Variance = Actual Quantity × (Standard Price - Actual Price)

$90,000 = 40,000 × (Standard Price - $3)

$2.25 = Standard Price - $3

Standard Price = $5.25

Hence, the standard price per gallon is $5.25

The same should be considered

Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's fiscal year-end.
Accounts Debits Credits
Cash $ 10,300
Accounts Receivable 9,500
Supplies 2,000
Prepaid Rent 7,200
Equipment 90,000
Accumulated Depreciation $ 12,000
Accounts Payable 7,700
Salaries Payable 0
Interest Payable 0
Utilities Payable 0
Notes Payable 20,000
Common Stock 45,000
Retained Earnings 19,000
Service Revenue 42,200
Salaries Expense 24,500
Interest Expense 0
Rent Expense 0
Supplies Expense 0
Utilities Expense 2,400
Depreciation Expense 0
Totals $ 145,900 $ 145,900
Information necessary to prepare the year-end adjusting entries appears below.
a. Depreciation of equipment for the year is $6,000.
b. Accrued salaries at year-end should be $2,100.
c. Crimson Tide borrows $20,000 on September 1, 2018. The principal is due to be repaid in four years. Interest is payable each August 31 at an annual rate of 12%.
d. Unused supplies at year-end total $700. Crimson Tide debits Supplies at the time supplies are purchased.
e. Crimson Tide opens a second studio by paying for one year of rent in advance on April 1, 2018, for $7,200 ($600 per month) debiting Prepaid Rent.
f. Unpaid utilities for December total $200.
Required:
1) Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts.
2) prepare an adjusted trial balance.
3a ) prepare an income statement for the year end december 31,2018.
3b) prepare a statement of sharholders equity for the year ended decmber 31,2018.
3c) prepare a classified balance sheet for the year ended december 31, 2018.
4) record the closing entries.
5) prepare a post-closing trial balance.

Answers

Answer:

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Explanation:

In ________ organizational cultures, more individuality is shown through the organization’s rules being less strictly applied.

Answers

Answer:

weak

Explanation:

An organizational culture can be defined as the shared norms, beliefs, assumptions and values that exist in an organization.

An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.

In weak organizational cultures, more individuality of an employee working within an organization is shown as a result of the organization’s rules being less strictly applied.

On a related note, the rules guiding an organization are generally strictly being applied in strong organizational culture.

Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $1,454,100 323,000 February 1,621,300 361,000 March 1,145,800 234,000 April 1,554,400 350,000 May 1,303,700 281,000 June 1,671,400 380,000 Determine the variable cost per gross-ton mile and the fixed cost. Variable cost (Round to two decimal places.) $fill in the blank 1 per gross-ton mile Total fixed cost $fill in the blank 2

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Transportation Costs Gross-Ton Miles

January $1,454,100 323,000

February 1,621,300 361,000

March 1,145,800 234,000

April 1,554,400 350,000

May 1,303,700 281,000

June 1,671,400 380,000

To calculate the variable and fixed cost under the high-low method, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (1,671,400 - 1,145,800) / (380,000 - 234,000)

Variable cost per unit= $3.6

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 1,671,400 - (3.6*380,000)

Fixed costs= $303,400

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 1,145,800 - (3.6*234,000)

Fixed costs= $303,400

At the beginning of the period, the Cutting Department budgeted direct labor of $125,000, direct materials of $151,000 and fixed factory overhead of $11,800 for 8,000 hours of production. The department actually completed 10,600 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round hourly rates to two decimal places. Round interim calculations to two decimal places. Round your final answer to the nearest dollar. a.$381,335 b.$377,606 c.$291,635 d.$287,800

Answers

Answer:

the  appropriate total budget should be $377,500

Explanation:

The computation of the appropriate total budget should be given below:

Direct material ($151,000 ÷ 8,000 × 10,600) $200,075

direct labor ($125,000 ÷ 8,000 × 10,600) $165,625

fixed factory overhead $11,800

Total budget cost 377,500

Hence, the  appropriate total budget should be $377,500

This is the answer but the same is not provided in the given options

Samir is a self-employed marketing consultant. He had no income from January through March 2020. His April through December 2020 income subject to SE tax is $55,000.
Samir's SE tax for 2020 is $7,771 [$55,000 x 0.9235 x 0.153 = $7,771]. Samir may reduce his estimated tax payments by how much? Hint: USE Form Schedule SE to help you find the answer.

Answers

Answer:

$3,886

Explanation:

Since SELF EMPLOYMENT TAX is 15.3% of your wages which is why the Internal Revenue Service (IRS) make it possible for you to deduct your employer equal portion of your self employment taxes that the employer pays during the year which is 7.65% Calculated as (15.3%/2) which therefore means that Samir may reduce his ESTIMATED TAX PAYMENTS by $3,886 [$55,000 x 0.9235 x 0.0765 = $3,886] while the remaining 7.65%( 15.3% -7.65%) are not deductible because they correspond to employee taxes.

Therefore he may reduce his ESTIMATED TAX PAYMENTS by $3,886.

Milltown Company specializes in selling used cars. During the month, the dealership sold 32 cars at an average price of $16,000 each. The budget for the month was to sell 30 cars at an average price of $17,000. Compute the dealership's sales price variance for the month.

Answers

Answer:

-$32,000

Explanation:

The sales price variance is a measure used determine the difference between an entity's expected price of a product or service and its actual sales price. It may be favorable or unfavourable to the company and may be calculated as

Sales price variance =  Actual quantity sold * (actual selling price - budgeted selling price)

Hence given that  the dealership sold 32 cars at an average price of $16,000 each while the budget was to sell 30 cars at an average price of $17,000,

Sales price variance = 32 ($16,000 - $17,000)

= -$32,000

The minus indicates unfavourable sales price variance

Each firm embraces objectives that management believes will make the firm more successful.

a. True
b. False

Answers

Answer:

a. True

Explanation:

Organizational objectives and goals are defined by strategic planning, which is a document that contains the organizational mission and values, as well as the action plans that the company must implement over a period of time to achieve its objectives and goals and be a profitable company and competitive in the market.

Therefore, the administration of each company will define what are its market objectives that will make it more successful and positioned in the long term.

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Answers

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Answer:

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A company is designing a product layout for a new product. It plans to use this production line eight hours a day in order to meet projected demand of 480 units per day. The tasks necessary to produce this product are:

Answers

Answer:

1. The correct option is C. 54.

2. The correct option is E. 60.

3. The correct option is A. 3.

4. The correct option is E. 90%.

5. The correct option is E. y.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

A company is designing a product layout for a new product. It plans to use this production line eight hours a day in order to meet projected demand of 480 units per day. The tasks necessary to produce this product:

Task           Time (sec)            Immediate Predecessor

u                      30                                   none

v                      30                                    u

w                      6                                      u

x                       12                                    w

y                      54                                     x

z                      30                                    v, y

1. Without regard to demand, what is the minimum possible cycle time (in seconds) for this situation?

A. 162

B. 72

C. 54

D. 12

E. 60

2. If the company desires that output rate equal demand, what is the desired cycle time (in seconds)?

A. 162

B. 72

C. 54

D. 12

E. 60

3. If the company desires that output rate equal demand, what is the minimum number of workstations needed?

A. 3

B. 4

C. 5

D. 6

E. 7

4. If the company desires that output rate equal demand, what would be the efficiency of this line with the minimum number of workstations?

A. 100%

B. 92.5%

C. 75%

D. 87.5%

E. 90%

5. If the company desires that output rate equal demand, what is the last task performed at the second workstation in the balance which uses the minimum number of workstations?

A. u

B. v

C. w

D. x

E. y

The explanation of the answers is now provided as follows:

1. Without regard to demand, what is the minimum possible cycle time (in seconds) for this situation?

The minimum cycle time is equal to the maximum task time. From the data in the question, it can be seen that the maximum task time is 54. Therefore, the correct option is C. 54. That is, the minimum possible cycle time (in seconds) for this situation is 54.

2. If the company desires that output rate equal demand, what is the desired cycle time (in seconds)?

Desired cycle time (in seconds) = Demand rate / Number of hours per days = 480 / 8 = 60

Therefore, the correct option is E. 60.

3. If the company desires that output rate equal demand, what is the minimum number of workstations needed?

Total task time = 30 + 30 + 6 + 12 + 54 + 30 = 162

Minimum possible cycle time = 54

Therefore, we have:

Minimum number of workstations needed = Total task time / Minimum possible cycle time = 162 / 54 = 3

Therefore, the correct option is A. 3.

4. If the company desires that output rate equal demand, what would be the efficiency of this line with the minimum number of workstations?

Line efficiency = Total task time / (Minimum number of workstations needed * Desired cycle time) = 162 / (3 * 60) = 162 / 180 = 0.90, or 90%

Therefore, the correct option is E. 90%.

5. If the company desires that output rate equal demand, what is the last task performed at the second workstation in the balance which uses the minimum number of workstations?

The last task should be the one has the longest task time. From the data table in the question, it can be observed that y is the task that has the longest task time. This implies y is the task to perform last.

Therefore, the correct option is E. y.

If you had to recommend one product, which product would you recommend they create? Underline or highlight your answer:
● Organic Bloom Shampoo.
● Moisturizing Black Soap Shampoo with Dandruff Control.
● Coconut Protein Shampoo and Conditioner.

Answers

Answer:

the second option

Explanation:

my dandruff is pretty bad

Moisturizing Black soap Shampoo with Black dandruffs Ultimate control is what I would seriously recommend. A lot of people are getting dandruffs and lices more nowadays, so the product would be very fitting for the demand.

503,000 on November 1, 2021, and signed a 12-month note bearing interest at 8%. Interest is payable in full at maturity on October 31, 2022. In connection with this note, Universal Travel Inc. should report interest payable at December 31, 2021, in the amount of

Answers

Answer:

$6,707

Explanation:

Calculation to determine what Universal Travel Inc. should report interest payable at December 31, 2021,

Interest payable at Dec 31,2021= 503,000 * 8% * 2 months/12 months

Interest payable at Dec 31,2021= $6706.6

Interest payable at Dec 31,2021= $6707 Approximately)

(November 1 - December 31 = 2 months)

Therefore Universal Travel Inc. should report interest payable at December 31, 2021, in the amount of $6,707

Cost of Goods Sold, Cost of Goods Manufactured
Glenville Company has the following information for April:
Cost of direct materials used in production $41,000
Direct labor 47,000
Factory overhead 20,000
Work in process inventory, April 1 34,000
Work in process inventory, April 30 27,000
Finished goods inventory, April 1 24,000
Finished goods inventory, April 30 18,000
a. For April, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured.
b. For April, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold.

Answers

Answer and Explanation:

a. The preparation of the statement of Cost of Goods Manufactured is presented below:

Work in process inventory, April 1 34,000

Add:

Cost of direct materials used in production $41,000

Direct labor 47,000

Factory overhead 20,000

Less:

Work in process inventory, April 30 27,000

Cost of goods manufactured $115,000

b. The preparation of the statement of Cost of Goods Sold is presented below:

Finished goods inventory, April 1 24,000

Add: cost of goods manufactured $115,000

Less: Finished goods inventory, April 30 18,000

Cost of goods sold $121,000

During a risk brainstorming session a team member identifies a risk. This particular risk does not seem to belong to any of the categories in you Risk Breakdown Structure (RBS). How should you respond

Answers

Answer:

Record it in the risk register, discuss potential responses and make a note to update the RBS.

Explanation:

Risk management is the process by which the management of an organisation identifies, assessed, and controls threats that may affect the company's capital or earnings.

The risks can be as a result of natural disasters, management error, financial uncertainty, or accidents.

In the given instance if a risk is not on any of the categories in you Risk Breakdown Structure (RBS), there is need to record it in the risk register, discuss potential responses and make a note to update the RBS.

Which of the following combinations is ensured to increase?

Answers

please you can give any option or full question

Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below:
Cost Drivers by Product Activity Cost Pool Ordering and Receiving Machine Setup Machinine Assembly Inspection Cost Driver Estimated Overhead Budget Deluxe $130,000 Orders Setups Machine hours Parts 400 400 150,000 100,000 600 297,000 500 1,000,000 600,000 1,200,000 800,000 300,000 550 450
Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round overhead cost per unit to 2 decimal places, eg. 12.25 and cost assigned to O decimal places, eg. 2,500)
Overhead cost per unit
Budget S per unit
Deluxe $ per unit

Answers

Answer:

Randel Manufacturing

Overhead cost per unit

Budget $2.81 per unit

Deluxe $6.80 per unit

Explanation:

a) Data and Calculations:

                                                                               Cost Drivers by Product

Activity Cost Pool             Cost Driver        Estimated         Budget     Deluxe

                                                                    Overhead            

Ordering and Receiving   Orders                $130,000             600          400

Machine Setup                  Setups                 297,000             500          400

Machining                          Machine hours 1,000,000      150,000   100,000

Assembly                           Parts                 1,600,000   1,200,000  800,000

Inspection                          Inspections        300,000              550         450

Cost Pool                            Overhead Rates

Ordering and Receiving      $130 ($130,000/1,000) per order

Machine Setup                    $330 ($297,000/900) per setup

Machining                                $4 ($1,000,000/250,000) per machine hour

Assembly                                $0.80 ($1,600,000/2,000,000) per part

Inspection                           $300 ($300,000/1,000) per inspection

Estimated                             Rates      Budget         Deluxe

Overhead

Ordering and Receiving      $130     $78,000          $52,000

Machine Setup                    $330     165,000           132,000

Machining                                $4    600,000          400,000

Assembly                            $0.80   960,000          640,000

Inspection                           $300    165,000           135,000

Total overhead costs                 $1,968,000     $1,359,000

Production units                             700,000         200,000

Overhead per unit                            $2.81                $6.80

 

Labor productivity is?

Answers

Answer:

Workforce productivity is the amount of goods and services that a group of workers produce in a given amount of time. It is one of several types of productivity that economists measure.

Your company buys a computer system from IBM for $3 million and pays IBM $200,000 to install the computer system. The $3 million is on credit and your company pays $100,000 of interest on the loan in the current year. The acquisition cost of the computer system at the end of the current year will be

Answers

Answer:

$3.2 million

Explanation:

Calculation to determine what The acquisition cost of the computer system at the end of the current year will be

Using this formula

Acquisition cost=Purchase price+ Installation cost

Let plug in the morning

Acquisition cost= $3 million +$200,000

Acquisition cost=$3.2 million

Therefore The acquisition cost of the computer system at the end of the current year will be $3.2 million

Dennis Rodman has a $5,000 debt balance on his Visa card that charges 10. 7 percent compounded monthly. Dennis's current minimum monthly payment is 5 perent of his debt balance, which is $250.
How many months (round up) will it take Dennis to pay off his credit card if he pays the current minimum payment of $250 at the end of each month?
How many months will it take Dennis to pay off his credit card?

Answers

Answer: 22.13 months

Explanation:

The number of months that it will take Dennis to pay off his credit card will be calculated thus:

Balance amount = $5000

Monthly payment = $250

Interest rate = 10.7%/12 = 0.89%

The number of months will be:

= NPER(0.89, -250, 5000, 0).

= 22.13 months

What are the process of microeconomics?

Answers

Answer:

Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners.

Explanation:

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows.

Sales Mix Unit Contribution Margin
Lawnmowers 20% $33
Weed-trimmers 50% $21
Chainsaws 30% $37

Yard Tools has fixed costs of $4,200,000.

Required:
Compute the number of units of each product that Yard Tools must sell in order to break even under this product mix.

Answers

Answer:

Lawnmowers’ break-even point in units = 29,787 units

Weed-trimmers’ break-even point in units = 74,468 units

Chainsaws' break-even point in units = 44,681 unit

Explanation:

Given:

                                    Sales Mix              Unit Contribution Margin

Lawnmowers                 20%                                     $33

Weed-trimmers              50%                                     $21

Chainsaws                     30%                                     $37

The number of units of each product that Yard Tools must sell in order to break even under this product mix can be computed using Weighted-Average Contribution Margin Ratio as follows:

Weighted contribution margin = (Sales Mix of Lawnmowers * Unit Contribution Margin of Lawnmowers) + (Sales Mix of Weed-trimmers * Unit Contribution Margin of Weed-trimmers) + (Sales Mix of Chainsaws * Unit Contribution Margin of Chainsaws) = (20% * $33) + (50% * $21) + (30% * $37) = $28.20

Total break-even point in units for the company = Fixed cost / Weighted contribution margin = $4,200,000 / $28.20 = 148,936 units

Therefore, we have:

Lawnmowers’ break-even point in units = Sales Mix of Lawnmowers * Total break-even point in units for the company = 20% * 148,936 = 29,787 units

Weed-trimmers’ break-even point in units = Sales Mix of Weed-trimmers * Total break-even point in units for the company = 50% * 148,936 = 74,468 units

Chainsaw’s break-even point in units = Sales Mix of Chainsaws * Total break-even point in units for the company = 30% * 148,936 = 44,681 units

A new machine requires an investment of $630,000 and will generate $100,000 in cash inflows for 7 years, at which time the salvage value of the machine will be $130,000. Using a discount rate of 10%, the net present value of the machine is $_________

Answers

Answer:

$-76,447.56

Explanation:

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

NPV can be calculated using a financial calculator  

Cash flow in Y0 = -630,000

Cash flow in Y1 - Y6 = 100,000

Cash flow in Y7 = 100,000 + 130,000

I = 10%

npv = $-76,447.56

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  

Answer:

-76,510, (76,510)

Explanation:

Khloe Company imports gift items from overseas and sells them to gift shops and department stores throughout the United States. Khloe Company provided the following information:

a. The October 31 balance in the cash account is $53,817.
b. All sales are on account. Sales in September were $950,000 and in October were $1,240,000.
c. November sales are expected to be $2,145,000.
d. In Khloe's experience, 70 percent of sales are collected in the month of sale and 28 percent are collected in the month following sale. The remaining credit sales are uncollectible.
e. Khloe purchases all merchandise on account. Purchases in September were $750,000 and in October were $980,000. November purchases are expected to be $2,000,000 as Khloe prepares for the Christmas buying season. Fifteen percent of purchases are paid in the month of purchase, while the remainder is paid in the month following the purchase month.
f. Khloe Company has nine employees who are paid a total of $48,000 per month. Due to timing issues, about 90 percent of total wages are paid in the month earned and the remaining 10 percent are paid in the following month.
g. Rent for Office and warehouse space is $12,300 paid monthly in cash.
h. Utilities average $6,100 per month and are paid in cash.
e. In November, Khloe expects to pay employment taxes of $6,625.
f. Since Khloe imports product from overseas, customs duty and shipping to the central location
g. Of 30 percent Of current monthly purchase cost must be paid in the month of purchase.
h. Other cash expenses for November are expected to be $41,500.

Required:
a. Prepare a cash budget for Khloe Company for the month of November.
b. What if Khloe faced a customs duty and shipping percentage of 35 percent How would that affect the November cash budget?

Answers

Answer:

Khloe Company

a. Khloe Company

Cash Budget for the month of November:

Beginning cash balance          $53,817

Cash collections                   2,269,120

Cash available                   $2,322,937

Cash payments:

Purchases                           $1,133,000

Wages                                       48,000

Rent expense                            12,300

Utilities expense                         6,100

Employment taxes                     6,625

Customs duty and shipping 600,000

Other expenses                       41,500

Total cash payments        $1,847,525

Ending cash balance           $475,412

b) The ending cash balance will be reduced by $100,000 from $475,412 to $375,412, with the total payments increased to $1,947,525.

Explanation:

a) Data and Calculations:

October 31 cash balance = $53,817

                                  September       October     November

Sales on account       $950,000   $1,240,000   $2,145,000

Cash collections:

70% month of sale                                               $1,501,500

28% month following                                              767,620

2% uncollectible

Total cash collections for sales                         $2,269,120

                                  September       October     November

Credit Purchases       $750,000     $980,000   $2,000,000

Cash payments:

15% month of purchase                                         $300,000

85% month following                                               833,000

Total cash payment for purchases                     $1,133,000

                                  September       October     November

Wages Expense          $48,000        $48,000       $48,000

Cash payment for wages:

90% month earned                                                $43,200

10% month following                                                  4,800

Total cash payment for wages                             $48,000

Other monthly cash payments:

Rent expense  $12,300

Utilities expense $61,00

Employment taxes $6,625

Customs duty and shipping = $600,000 ($2,000,000 * 30%)

Other expenses $41,500

If customs duty and shipping were 35%

Customs duty and shipping = $700,000 ($2,000,000 * 35%)

Purple Cab Company had 57,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 27,000 shares of common stock. The company had outstanding fully vested incentive stock options for 5,700 shares exercisable at $11 that had not been exercised by its executives. The average market price of common stock was $13. The company reported net income in the amount of $276,915 for 2021. What is the basic earnings per share (rounded)

Answers

Answer:

$3.58

Explanation:

Calculation to determine the basic earnings per share (rounded)

Using this formula

Basic earnings per share=Net income/(shares of common stock outstanding+(shares of common stock*9/12)

Let plug in the formula

Basic earnings per share=$276,915/(57,000 + (27,000 × 9/12))

Basic earnings per share=$276,915/(57,000+20,250)

Basic earnings per share=$276,915/77,250

Basic earnings per share= $3.58

(April 1 to December 31 =9 months)

Therefore Basic earnings per share is $3.58

From the theoretical research on commodity economics and the market, please suggest the necessary solutions for investors to stand firm in the market? Why?

Answers

Answer:

23

Explanation:

If Hawk Manufacturing incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents the

Answers

Answer:

Joint cost incurred in the process

Explanation:

In domain of accounting, a joint cost can be regarded as a cost that is been incurred in a joint process. Joint costs may encompass costs like direct material,overhead costs as well as direct labor that is been incurred during a joint production process.

joint production process can be regarded as one whereby one input give yields of multiple outputs. This process helps to automatically creates other types of output product when creating one type of output.

For instance, Joint cost when a Manufacturing company incurs $600,000 during a joint manufacturing process before the split-off point, that $600,000 represents the Joint cost .

Henry, a new human resources coordinator, has been asked to calculate the past month's turnover rate. He has divided the number of people who have left the company during that month (11) by the number of employees hired
(10), and then multiplied that by 100. But the number he
has come up with, 110 percent, is way too high and
doesn't make any sense. What should have Henry done
to avoid his error?


He should have multiplied the cost to
terminate by the cost per hire.

He should have multiplied by 10, not 100.

He should have divided the number of
employees hired by the cost to hire them.

He should have divided the number of people
who have left the company by the average
number of employees that month.

Answers

Answer:

he should have multiplied by 10, not 100

Explanation:

Duval Co. issues four-year bonds with a $100,000 par value
on January 1, 2019, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31.
1. Prepare a straight-line amortization table like Exhibit 14.7 for these bonds.
2. Prepare journal entries to record the first two interest payments.
3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).

Answers

Answer:

Duval Co.

Journal Entries to record the first two interest payments:

June 30, 2019:

Debit Interest expense $4,006

Credit Cash payment $3,500

Credit Amortization of discounts $506

To record the first interest payment.

December 31, 2019:

Debit Interest expense $4,006

Credit Cash payment $3,500

Credit Amortization of discounts $506

To record the second interest payment.

December 31, 2022:

Debit Bonds Payable $100,000

Credit Cash $100,000

To record the payment on maturity of the bonds.

Explanation:

a) Data and Calculations:

Face value of bonds = $100,000

Price of the bonds = $95,952

Discounts =                $4,048

Period of bonds = 4 years

Coupon rate = 7%

Semi-annual amortization of discounts = $506 ($4,048/8)

June 30:

Cash payment = $3,500 ($100,000 * 3.5%)

Amortization of discounts $506

Interest expense = $4,006

December 31:

Cash payment = $3,500 ($100,000 * 3.5%)

Amortization of discounts $506

Interest expense = $4,006

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