Doug Datner had an eclectic background. He completed his law degree from the University of Virginia, then went to work for a technology start-up in Dubai. After the start-up was purchased by a larger corporation, affording Doug a hefty sum of money, Doug and his spouse returned to the United States. While working with an architect and a designer to build their dream home, they realized that there was not a provider of high-quality custom-made door and window hardware at a reasonable price point in the United States. Even though Doug had no experience in the field, he decided to start a business manufacturing high-quality custom-made door and window hardware. He named the company Hardware House Doug and his wife cleared space in their newly constructed garage, designed several basic prototypes, and hired a metalwork expert to replicate their prototypes. They decided to have a few designs in catalog as one component of their business, but have the capability to alter those designs to provide designers with custom hardware. The first few years were tough. Business was steady enough to hire a second metalwork expert, but cash flow challenges often made Doug worry whether he would be able to pay his metalwork experts on time. Still, the Hardware House had gained a number of consistent clients, and was able to move into an old warehouse space and expand operations. Ten years later, Hardware House has nearly 100 employees. While the majority of the employees work in manufacturing, there are also employees in marketing, design, accounting, and human resources. Doug structured the business to limit his liability in case of lawsuit, but still managed to maintain the business without sharing ownership.
Which of the following is an advantage Doug should expect by sharing ownership with others?
a. Gaining access to all of the distribution of profits.
b. Access to additional knowledge and expertise.
c. Additional freedom from government regulation.
d. Enhanced control to make decisions immediately
e. Greater degree of secrecy

Answer:

Unitary cost= $30.91

Explanation:

First, we need to calculate the activities rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Assembling products= 720,000/45,000= $16 per DLH

Preparing batches= 263,250/1,755= $150 per batch

Product support= 1,080,000/3,600= $330 per product variation

Now, we allocate costs to Product E76l:

Assembling products= 16*21,000= $336,000

Preparing batches= 150*675= $101,250

Product support= 330*1,485= $490,050

Total= $927,300

Finally, the unitary cost:

Unitary cost= 927,300 / 30,000

Unitary cost= $30.91

Answer:

$2,320

Explanation:

Calculation to determine what amount of salaries earned but unpaid at the end of the accounting period is:

Ending salaries earned but unpaid=$2,900-$580

Ending salaries earned but unpaid=$2,320

($2,900-580)

Therefore the amount of salaries earned but unpaid at the end of the accounting period is: $2,320

Answer:

158,500

Explanation:

Preparation of the third - quarter production budget for skis .

BLACK DIAMOND COMPANY Production Budget (in units)Third Quarter

Budgeted ending inventory (skis) 4,500

Add budgeted sale 160,000

Required units of available production 164,500

(4500+160,000)

Deduct beginning inventory (skis) (6,000)

Units to be manufactured 158,500

(164,500-6,000)

Therefore the third - quarter production budget for skis is 158,500

Answer:

See below

Explanation:

Net income = $1,353,412

Tax rate is 34% hence the company's EBT amount is calculated as

EBT = $1,353,412 / 0.66 = $2,050,624.24

Add back Depreciation and amortization to the EBT

= $2,050,624.24 + $1,128,000

= $3,178,624.24

The difference between the above and EBITDA amount will be the interest expense for the year

= $4,948,000 - $3,178,624.24

= $1,769,375.76

Therefore, the interest expense is $1,769,375.76

Answer:

Gulf Seafood

Horizontal Statements Model:

    Balance Sheet                             Income Statement               Cash Flows

    Assets  =  Liabilities + Equity    Revenue - Expenses = Income

a.   $17,000               0  + $17,000                                                      FA

b.   $16,900 ($16,900)                                                                         IA

   $22,500                     $22,500  $22,500                                      OA

c. ($10,300)                    ($10,300)                  ($10,300)                     OA

d.  ($3,675)                      ($3,675)                   ($3,675)                      None

  $25,525         =    0 + $25,525  $22,500 - $13,675  = $8,825

Explanation:

a) Data and Analysis:

a. Cash $17,000 Common stock $17,000

b. Equipment $16,900 Cash ($16,900)

Cash $22,500 Revenue $22,500

c. Cash ($10,300) Salaries Expense ($10,300)

d. Accumulated Depreciation ($3,675) Depreciation Expense ($3,675)

Answer:

GDP deflator

CPI

Explanation:

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Basket of goods includes goods produced within the country and outside the country.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

An increase in the price of a Japanese-made television that is popular among U.S. consumers will increase CPI

GDP deflator = (nominal GDP / real GDP) x 100

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing will decrease GDP deflator

Answer:

MARKET FAILURE is defined as the economic situation in which there is inefficient distribution of goods and services.

hope it helps

have a nice day

Answer:

Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.

Explanation:

#keep learning!!

Answer: B. Decrease

Explanation:

Return on investment refers to the ratio between the net income and investment. It should be noted that a high return on investment implies that the investment's gains compare favourably to the cost.

In this scenario, since a large amount of raw material was bought in advance and stored in the manufacturing plant inventory, this will lead to an increase in the cost of production which therefore will reduce the return in investment.

Therefore, the correct option is B.

Answer:

d. $353,600

Explanation:

The computation of the inventory  requisitioned for use on jobs during 2019 is shown below;

= OPening inventory + purchase made - ending inventory

= $1,600 + $354,000 - $2,000

= $353,600

Hence, the  inventory  requisitioned for use on jobs during 2019 is $353,600

Therefore the option d is correct

Answer:

RTO, RPO

Explanation:

Recovery point objective (RPO)

This simply measures the amount of data that may be lost in real sense due to system failure. It covers the volumes of files that must be gotten back from backup storage so as the normal operations can start agai (data loss)

RTO (recovery time objective)

This is simply regarded as the amount or the timelind by which a business process must be put in place or restored after a disaster occurs.(downtime). It is the time limit at most that is taken to put in place or restore an organization's information system following a disaster occurrence, In layman term is how much time do we have to get everything up and working again.

The four disaster recovery strategies includes

1. Backup and Restore

2. Pilot light

3. Warm standby

4. Hot site/multi-site approach.

Answer:

B. Procedural

Explanation:

Remember, the procedural type of justice focuses on identifying the best way to treat others in a fair way, such as following the adhering to the rule of no bias when administering justice.

In this scenario, if the manager decides to select and lay off 10% of his workforce based on their age range, he would be unintentionally displaying an age bias in his selection process, which of course most likely violates the rules of this type of justice.

Answer: Providing proof that she completed all of the continuing education requirements for the year she last held a license.

Explanation:

Based on the information given, since the license of Agatha has expired, one of the requirements that she must meet in order to be re-licensed is to provide proof that she completed all of the continuing education requirements for the year she last held a license.

It should be noted that providing proof that she still meets the qualifications to be a mortgage loan originator or information that relates to her previous license isn't required.

Answer:

a. Net profit margin for 2019 = 35.93%

b. Asset turnover for 2019 = 0.29 times

c. Return on assets = 10.24%

Explanation:

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

The following information was taken from the income statement and balance sheet of The Perryman Company for the years 2018 and 2019:

                                                 2019                2018

Sales revenues                     $590,000       $574,000

Net income                               212,000          184,000

Total assets                            2,142,000      1,998,000

Total stockholders’ equity        712,000        690,000

Compute the following ratios for 2019:

Net profit margin

Asset turnover

Return on assets

The answers are now explained as follows:

a. Net profit margin for 2019

This can be calculated as follows:

Net profit margin for 2019 = Net income in 2019 / Sales revenues in 2019 = $212,000 / $590,000 = 0.3593, or 35.93%

b. Asset turnover for 2019

This can be calculated as follows:

Asset turnover for 2019 = Sales revenues / Average total assets = Sales revenues in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $590,000 / (($2,142,000 + $1,998,000) / 2) = 0.29 times

c. Return on assets for 2019

This can be calculated as follows:

Return on assets = Net income / Average total assets = Net income in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $212,000 / (($2,142,000 + $1,998,000) / 2) = 0.1024, or 10.24%

Answer:

Billy Cunningham and the Cougars

The contract was not assignable to another club.

But, the contract (assets and liabilities) can be inherited by a successor entity using the same club, the Cougars.

Explanation:

The contract was not assigned to another club, despite the change of ownership of the Cougars.  Interestingly, the contract between Cunningham and Carolina Cougars was inheritable with the change of ownership of the Cougar Club from the formers owners, Carolina Cougars, to the new owners, Munchak Corporation.  The clause prohibiting the contract's assignment to another club without Cunningham's consent was not violated.

Answer: a) High performing teams are able to come up with more rapid solutions and have increased productivity.

Explanation:

A high performing team is as the term implies, one that is productive. To be productive one has to be able to come up with solutions to problems as fast as possible and implement those solutions so as to continue or even increase production.

A high performing team is one that would do the above. Laura's team provides inputs and insights which means they come up with solutions and they also show up to work every day to be productive. They are indeed a high performing team.

The correct answer to this open question is the following.

Using the Six Sigma DMAIC process, I will explain what I would do in each step of the process to improve the sales.

DMAIC stands for Define, Measure, Analyze, Improve, and control.

What I would do first is, of course, define the nature of the problem. To define exactly what is the root of the drop in sales in the hotel. That would allow me to establish proper goals and define a strategy to implement. If a need to do surveys to customers or unsatisfied clients, I would do that. Listening to customer feedback would provide the necessary information.

Then, I have to measure the performance of my employees. Monitoring and evaluate the productivity of the people who work in the organization.

I have to analyze if the productivity ratio of each employee to know if they are performing to the maximum of their capabilities.

In this case, I could use a Pareto chart or the 80-20 rule, to assess productivity in the company.

I have to pay attention to the causes of poor performance and poor quality service. There is an interesting analysis called Root Cause Analysis (RCA) that can be useful in this case.

Once identified and eliminated the root or causes of the problems, then it comes de Improve the process to enhance the performance in every area of the organization. I would have to get people on the same page and focus on one problem at a time to doing things right.

Another model that could be useful in this scenario would be Design of Experiments, commonly known as DOE, which helps resolve complex issues

Finally, the control of everything implementation and solution to confirm it has been established the right way with the desired results. This could be part of the continuing Quality Control process- The poke yoke system would be a good option to be contemplated.

Answer:

Explanation:

a.

There is little information on how funds are used or how much money is spent to manage the church. The financial statements have been prepared incorrectly.

Interpretation:

While drafting the financial accounts, the church committed many errors. The church's revenue is equivalent to its daily operations operating expenditures. They have approximately $3 million in funding assets that they do not owe any money on.  

It may be deduced that the church is attempting to preserve asymmetric information, and therefore it will be better to justify its sources of income and use of money in order to determine whether they can or they cannot pay the debt.

b.

The revenue from various channels must be detailed in the yearly report so that the loan officer may make an informed judgment.

Interpretation:

Since payments and contributions account for 90% of revenue and revenue from other sources accounts for 10%, it's surprising how the church earns money in other ways as stated on the income statement. As a result, it's important to understand what other potential revenue streams the church has before approving the loan.

c.

The officer in charge of the loan should check the church's book records to make sure and guarantee that there are no outstanding loans. This situation necessitates a thorough examination and assessment.

Interpretation:

The church has $3 million worth of equipment. The church's expenses, on the other hand, are equivalent to the church's income. As a result, it's unclear how the church acquired the equipment without taking out a loan. As a result, the church must be urged to produce a full breakdown of its expenses, which may be thoroughly and fully studied to see whether there are any financing charges that the church is attempting to hide in its yearly reports.

d.

There is no direct or primary source of income for the church. It solely makes money from charity donations.

Interpretation:

The church's only sources of income are fundraisers and charitable donations. It also doesn't possess any significant revenue streams. Because the church is attempting to conceal numerous possible pieces of information, this may be a case of micro-management by the proprietors, and so these issues should be considered by the officer in charge of the loan before accepting the loan.

Answer:

D. Adopt specific accounting and reporting procedures to represent the firm's activities more accurately.

Explanation:

GAAP in accounting means Generally accepted accounting principle. It is a uniform collection of accounting rules and standards for reporting financial accounting for organizations

The main reason or purpose of GAAP is to ensure that there is transparency and consistency in the reporting of financial details from one organization to another. The aim is to also help firms record their financial activities accurately by adopting specific accounting and reporting procedures as stipulated by GAAP.

Answer:

Option c. 5.25 times is the correct answer.

Explanation:

Below is the calculation:

Income before income tax = $420000

Income tax expenses = 120000 dollars

Net income = $300000

Interest expense = $80000

Interest earned ratio = Earning Before Interest and Taxes / Interest Expenses

Interest earned ratio = 420000 / 80000

Interest earned ratio = 5.25 times

Option c. 5.25 times is the correct answer.

Answer:

The given statement is "True".

Explanation:

Thus the above is the correct answer.

Answer:

D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.

Explanation:

Since in the given situation, wally agrees to sell but here the identification of the land is not mentioned i.e. 40 acres and at the later time the wally refused to sold any land so here wally should wins as the agreement is not definite which type of the land should be sold so it becomes the agreement void

Hence, the correct option is d.

Answer and Explanation:

Insider trading compromises the integrity of the market because insider investors have non-public information about the stocks of the company that could very much impact the value of the stock of the company. In other words, an insider knows what the public doesn't know about a company and it allows him an unfair advantage to trade the stocks of the company using this information and make large unusual profit. This could lead to market collapse as investors are no longer encouraged to invest seeing that they can't trust that the market is transparent and trustworthy(they don't have all the important information that would affect the company)

Answer:

Salary systems – also referred to as compensation plans or pay structure – are a collection of steps, policies and practices employers use to pay employees for their work. Salary systems consist of more than producing a weekly, biweekly or bimonthly paycheck.

Explanation:

Answer:

d. $240.00

Explanation:

Calculation to determine what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes?

2004 CM% = 12.5% ($15/$120)

2005 CM = $2,400,000 ($1,000,000 + $200,000)

2005 CM per unit = $2,400,000/80,000 units

2005 CM per unit= $30 CM per unit;

2005 selling price per unit = $30/.125

2005 selling price per unit= $240

Therefore what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes is $240

Answer: $34,980.13

Explanation:

The amount that the company will spend 4 years from now is simply the future value of the amount that it can spend today.

The amount to be spent today is $20,000 so the amount to be spent 4 years from now is the future value of $20,000:

= Amount * (1 + rate) ^ number of years

= 20,000 * ( 1 + 15%)⁴

= $34,980.13

Answer:

The answer is B.

Explanation:

The correct option is B. - federal withholding income tax.

Pension liability is the amount of money that a company or government at any level(federal or state) has to account for in order to make future pension payments. It is a future payment that a company or government is obligated to pay its retired employees.

They take into considerations:

1. Their employees turnover

2. Their employees life expectancy

3. Their employees compensation level.

Federal tax level is not the issue because the payment is futuristic and federal tax can change.

Answer:

Following are the solution to the given point.

Explanation:

Calculate each fund's Sharpe ratio. It Fund is the best danger reward with the highest Sharpe ratio.

[tex]\text{Sharpe Ratio} = \frac{\text{(Fund return - \text{risk free return)}}}{Volatility}\\\\\to Fund A= \frac{(10\%-4\%)}{10\%} = 0.6\\\\\to Fund B= \frac{(15\%-4\%)}{22\%} = 0.5\\\\\to Fund C = \frac{(6\%-4\%)}{2\%}=1.0\\\\[/tex]

Fund C consequently offers the best risk-benefit. and without understanding client risk preference, we will advise Fund C for any clients. If a client wants to have a 22 percent minimum volatility, we'll nevertheless propose that Fund C instead of Fund B is available, because an investor can take risk-free rates to the degree that the total portfolio volatility stands at 22 percent and deposit it in Fund C.

Answer:

e. $320,000

Explanation:

Calculation to determine amount of tuition revenue should the college recognize on February 28

Using this formula

Tuition revenue =Amount received/Term spans

Let plug in the formula

Tuition revenue=$1,280,000 /4 months

Tuition revenue=$320,000

Therefore amount of tuition revenue should the college recognize on February 28 is $320,000

Answer:

Computation of the monthly production, ending inventory/(backlog), net requirements and required workforce levels:

a. The net requirements for January = 2,025 units and 27 workers.

b. The month with the highest number of workers required is April.

c. The production level for June is 2,475 units

d. 27 workers will be employed for the month of January.

Explanation:

a) Data and Calculations:

Production per worker per month = 75 units

Beginning inventory in January = 750 units

Desired ending inventory in June = 750 units

Production Schedule, using the chase production strategy:

Month                                     Jan      Feb      Mar       Apr      May      Jun

Beginning inventory               75          0          0            0          0          0

Monthly production          2,025   3,000   5,100   6,000   4,800   2,475

Net requirements              2,100   3,000   5,100   6,000   4,800   2,400

Ending inventory/(backlog)      0          0          0           0          0         75

Required workforce levels    27        40        68         80        64         33