Answer: a. Gary recognizes a $1,000 LTCG
Explanation:
Long Term Capital Gain is calculated by the formula:
= Distribution from company - Basis in stock - Ordinary income earned during the year
= 16,000 - 4,000 - 11,000
= $1,000
First statement is therefore correct that Gary would recognize an LTCG of $1,000.
In the case of an auto accident conflict over which insurance should pay is a common reason for rejection. True False
Answer:
True
Explanation:
When damages exceed the limits defined in the insurance policy, the insurer may deny the claim. This is usually the case when accident is due to negligence of driver. The insurance company may cover partial or none of the claim.
When Chernobyl melted down in the Soviet Union, the: a. price of U.S. basketballs increased. b. prices of assets reacted slowly to the information. c. price of U.S. potatoes increased. d. stock prices of U.S. nuclear plants increased.
Answer: d. stock prices of U.S. nuclear plants increased.
Explanation:
Chernobyl was a nuclear power plant in the former Soviet Union that was being used to produce electricity until it suffered a meltdown that effectively rendered the surrounding areas unlivable.
In response to this disaster, the stock prices of U.S. nuclear power plants went up because the Soviet meltdown not only reduced the supply of nuclear powered electricity but also showed that American engineering was superior and so people bought more American nuclear plant shares which took its price up.
Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 5% charge on sales for using its card. On May 26, Brinker had $6,200 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit
Answer:
Date Account titles and explanation Debit Credit
May 20 Cash ($6,200 - $310) $5,890
Credit card expenses ($6,200*5%) $310
Sales $6,200
(To record the deposit)
i.What is a back yard garden?
ii.State three benefits that can be derived from a backyard garden.
Answer:
a back yard garden is a graden located in residential property
ii) lessen the amount of groceries bought thus less money spentfreshly grown vegetables and fruits are consumed moreyou get to decide what pesticides and fertilizers you want to useWarren Enterprises expects 20,000 unit sales, has ordering costs of $20 per order, carrying costs of $1.00 per unit, and desires to keep 100 units in safety stock. Assuming level production, what should be their average inventory? a. 200-300 b. 301-400 c. 401-500 d. 501-600
Answer:
Option d (501-600) is the correct answer.
Explanation:
Given:
Unit sales,
= 20,000
Ordering costs,
= $20
Carrying costs,
= $1
Safety stocks,
= 100
Now,
The EOQ will be:
= [tex]\sqrt{\frac{2\times Unit \ sales\times Ordering costs}{Carrying \ costs} }[/tex]
By putting the values, we get
= [tex]\sqrt{\frac{2\times 20000\times 20}{1} }[/tex]
= [tex]\sqrt{800000}[/tex]
= [tex]894.43 \ units[/tex]
hence,
The average inventory will be:
= [tex][Safety \ stock +(\frac{EOQ}{2} )][/tex]
= [tex][100+(\frac{894.43}{2} )][/tex]
= [tex][100+447.21][/tex]
= [tex]547.21[/tex] (lies between 501-600)
Thus the above is the correct response.
The MD Fund has an expected return of 16% and a standard deviation of 20%. The risk-free rate is 4%. What is the reward-to-volatility (Sharpe) ratio for the MD Fund
Answer: 60% or 0.60
Explanation:
Sharpe ratio shows the risk adjusted return of an asset and then compares it to a risk-free asset to see if its returns are higher after it has been adjusted for risk.
Formula is:
= (Expected return - Risk free rate) / Standard deviation
= (16% - 4%) / 20%
= 12% / 20%
= 60% or 0.60
Which of the following is a component of the talent acquisition function of HR management?
Group of answer choices
Recruiting
Training
Career planning
Orientation
Answer:
Recruiting
Explanation:
Recruitment is the process of hiring individuals in an organization to accomplish the tasks assigned. It is the process carried by the Human Resource Management in an organization. The HR management is responsible to organize and manage the human talents and recruit them respectively. The talent are recognized by the team and are hired to meet the goals of the organization.
will lie above the marginal product curve for the firm with less capital. must equal the marginal product curve for the firm with less capital. will lie below the total marginal curve for the firm with less capital. will show no diminishing marginal returns.
Answer:
busineess would have to chnage that
On January 1, 2019, Eagle Company borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $7,099, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments
Answer:
See below
Explanation:
January 01, 2019
Cash Dr $23,0000
______________Notes payable Cr $23,000
December 31, 2019
Interest expense Dr $2,070
($23,000 × 9%)
Notes payable Dr $5,029
____________________Cash Cr. $7,099
December 31, 2020
Interest expense Dr $1,617
($23,000 - $5,029) × 9%
Notes payable Dr $5,082
_________________ Cash Cr $7,099
December 31, 2021
Interest expense Dr $1,160
($23,000 - $5,029 - $5,082) × 9%
Notes payable Dr $5,939
___________________ Cash Cr $7,099
December 31, 2022
Interest expense Dr $626
($23,000 - $5,029 - $5,082 - $5,939) × 9%
Note payable Dr $6,473
_____________________ Cash Cr $7,099
An educational institution has total direct labor and material costs of $1964 per student. Its fixed costs are $352,800. Total revenues for the year were $1,800,000. It had 800 students in the past year. How many students should they accept in the next year to break even assuming the variable cost margins are equal to this year, and assuming fixed costs are to increase by $19,000 due to increased rent for expansion? (round to the nearest whole number).
Answer:
1300 students
Explanation:
The computation of the no of students to be accepted for break even is given below:
Fixed cost is
= $352,800 + $19,000
= $371,800
Revenue per student is
= $1,800,000 ÷ 800
= 2250
And,
Variable cost per student = 1964
So,
Contribution margin = Revenue - Variable cost
= $2,250 - $1,964
= $286
Break even point is
= Fixed cost ÷ Contribution margin per unit
= 371800÷ 286
= 1300 students
Most investors have an expected outcome associated with an investment, and risk refers to the potential for receiving an outcome or return that is greater or less than his or her expected return. It is not surprising that investors _____________ receiving investment returns that exceed their expected return, but they tend to respond differently if the investment can generate a lower return. This potential for ______________ outcome is the risk on which most investors focus.
Answer:
dont mind
negative or downside
Explanation:
In the case when the investors mostly have a predicted outcome that attached with an investment also the risk means the potential that collect an return that could be more or less as compared to the expected return. So here the investor should dont mind with the investment that they received also it is more than the expected return but at the same time they will response differently when the investment have a less return. This could be negative or downside result based on the risk where mostly investor focused
During a team meeting, a team member asks about the measurements that will be used on the project to assess performance. The team member feels that some of the measures related to the activities assigned to him are not valid measurements. The project is BEST considered to be in what part of the project management process?
Answer:
The answer is "Executing".
Explanation:
In this inquiry, it is stated that certain of the measurements used to evaluate a team member's efforts are deemed invalid. As a result, he'll have to work during the project's executing phase, when project deliverables are created and project participants execute the majority of the labor. During this team meeting, one of the members inquires about the project's performance measurements, that's why Executing is the correct choice.
Sardi Inc. is considering whether to continue to make a component or to buy it from an outside supplier. The company uses 17,000 of the components each year. The unit product cost of the component according to the company's cost accounting system is given as follows:
Direct materials $ 8.20
Direct labor 8.30
Variable manufacturing overhead 1.20
Fixed manufacturing overhead 4.30
Unit product cost $ 22.00
Assume that direct labor is a variable cost. Of the fixed manufacturing overhead, 70% is avoidable if the component were bought from the outside supplier. In addition, making the component uses 2 minutes on the machine that is the company's current constraint. If the component were bought, time would be freed up for use on another product that requires 4 minutes on this machine and that has a contribution margin of $7.00 per unit. When deciding whether to make or buy the component, what cost of making the component should be compared to the price of buying the component?
A) $20.71 per unit.
B) $22.00 per unit.
C) $25.50 per unit.
D) $24.21 per unit.
On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the business:
Nov. Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $27,100.
1Paid rent for period of November 1 to end of month, $3,300.
6Purchased office equipment on account, $12,840.
8Purchased a truck for $30,500 paying $7,000 cash and giving a note payable for the remainder.
10Purchased supplies for cash, $1,740.
12Received cash for job completed, $7,500.
15Paid annual premiums on property and casualty insurance, $2,300.
23Recorded jobs completed on account and sent invoices to customers, $12,410.
24Received an invoice for truck expenses, to be paid in November, $1,400.
Enter the following transactions on Page 2 of the two-column journal:Nov. 29 Paid utilities expense, $4,500. 29 Paid miscellaneous expenses, $1,000. 30 Received cash from customers on account, $9,000. 30 Paid wages of employees, $6,800. 30 Paid creditor a portion of the amount owed for equipment purchased on November 6, $3,000. 30 Paid dividends, $2,500. how it do Journal
Answer:
looks good no mistakes and uh b if this is a question
A small company that makes hand-sewn leather shoes has fixed costs of $320 a day, and total costs of $1200 per day at an output of 20 pairs of shoes per day. Assume that total cost C is linearly related to output x. Find an equation of the line relating output to cost.
A) C = 44x + 320.
B) C = 60x + 1520.
C) C = 60x + 320.
D) C = 44x + 1520.
Answer: c = 44x + 320
Explanation:
Based on the information given, the cost of materials used in the shoe is a variable cost and this will be:
= Total cost - Fixed cost
= $1200 - $320
= $880
Since there are 20 shoes, the cost if materials used per shoe is: = $880/20 = $44
Then the total cost equation will then be:
c = 44x + 320
where,
C = Total cost incurred in a day
x = Number of pair of shoes made in a day.
Therefore, the correct option is A.
The equation that related the output to cost is option c. 60x + 320.
Calculation of an equation:
Since we know that the variable cost is
= Total cost - Fixed cost
= $1200 - $320
= $880
Now the cost per shoe should be
= $880/20
= $44
So here the total cost c equation should be
c = 44x + 320
Here
x be Number of pair of shoes.
Learn more about cost here: https://brainly.com/question/24230268
Brenda, the sales manager of a firm, wants to generate a particular report containing sales analyses of the second and third quarter of the year. She should use a ________ to retrieve the information that she wants from the database. Group of answer choices
Answer: query
Explanation:
Since Brenda wants to generate a particular report containing sales analyses of the second and third quarter of the year, then she should use a query to get the information.
The query refers to a request that can be used to get data or information from the database table. The data gotten can be in form of graphs, pictorials or complex results, such as trend analyses etc
During normal economic times, unemployment in Europe tends to be ________ than in the United States mainly because of ________.
Answer:
higher; labor market regulations
Explanation:
I hope this helps you!
How are changes in U.S. demographics affecting the workplace relative to demographic changes in our traditional competitors
Answer:
The changes in demographics are affecting the workplaces in both positive and negative manner. With continuous immigration of workforce from Asian countries and neighbor countries like Mexico, America is facing some serious crises of jobs shortage.
On the other hand, due to such import of human resource companies are able to get best talent inn hand to operate their activities.
A company makes a payment of $4,680 towards one-year insurance premium on March 1. Calculate the amount of prepaid insurance that should be reported on the August 31 balance sheet with respect to this policy.
Answer: $2,340
Explanation:
The total annual insurance is $4,680. This is prepaid insurance however and will need to be apportioned to months within the year in order to be recognized as an expense as the months go by.
The monthly insurance will be:
= 4,680 / 12 months
= $390
From March 1 to August 31 is 6 months. Total insurance recognized will be:
= 390 * 6
= $2,340
Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land 5 years ago for $9,639,708 in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $3,650,288. An engineer was hired to study the land at a cost of $810,081, and her conclusion was that the land can support the new manufacturing facility. The company wants to build its new manufacturing plant on this land; the plant will cost $6,880,840 million to build, and the site requires $529,656 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project?
Answer:
the proper cash flow amount is $11,060,784
Explanation:
The computation of the proper cash flow amount is shown below:
= land value + plant value + grading value
= $3,650,288 + 6,880,840 + $529,656
= $11,060,784
Hence, the proper cash flow amount is $11,060,784
So the same should be considered and relevant
Handy Home sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $106 and of each door is $256. The variable cost of a window is $65.50 and of a door is $178.00. Fixed costs are $624,000.
Required:
a. Determine the selling price per composite unit.
b. Determine the variable costs per composite unit.
c. Determine the break-even point in composite units.
d. Determine the number of units of each product that will be sold at the break-even point.
Answer:
Results are below.
Explanation:
First, we need to calculate the sales proportion:
Windows= 8/10= 0.8
Doors= 2/10= 0.2
Now, the selling and unitary variable cost per composite unit:
Selling price= 106*0.8 + 256*0.2= $136
Unitary varaible price= 65.5*0.8 + 178*0.2= $88
The break-even point:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 624,000 / (136 - 88)
Break-even point (units)= 13,000
Finally, the number of units for each product:
Windows= 13,000*0.8= 10,400
Doors= 13,000*0.2= 2,600
Part A. Identify the following users of accounting information as either an internal (I) or an external (E) user.
______ 1. Shareholders
______ 2. Creditors
______ 3. Nonexecutive employee
______ 4. Research and development director
______ 5. Purchasing manager
______ 6. Human resources director
______ 7. Production supervisors
______ 8. Distribution managers
Part B. Identify the following questions as most likely to be asked by an internal (I) or an external (E) user of accounting information.
______ 1. What are the costs of our service to customers?
______ 2. Should we make a five-year loan to that business?
______ 3. Should we spend further research on our product?
______ 4. Do income levels justify the current stock price?
______ 5. What are reasonable payroll benefits and wages?
______ 6. Which firm reports the highest sales and income?
______ 7. What are the costs of our productâs ingredients?
Answer:
Part A
1. Shareholders
Identification: External user
2. Creditors
Identification: External user
3. Non-executive employee
Identification: External user
4. Research and development director
Identification: Internal user
5. Purchasing manager
Identification: Internal user
6. Human resources director
Identification: Internal user
7. Production supervisors
Identification: Internal user
8. Distribution managers
Identification: Internal user
Part B
1. What are the costs of our service to customers?
Identification: Internal user
2. Should we make a five-year loan to that business?
Identification: External user
3. Should we spend further research on our product?
Identification: Internal user
4. Do income levels justify the current stock price?
Identification: External user
5. What are reasonable payroll benefits and wages?
Identification: Internal user
6. Which firm reports the highest sales and income?
Identification: External user
7. What are the costs of our productâs ingredients?
Identification: Internal user
Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, total maintenance costs averaged $33.40 per hour. When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $30.40.On the basis of this information, the variable cost per machine hour was:___________A. $8.40.B. $22.00.C. $25.00.D. $30.40.E. $33.40.
Answer:
Variable cost per unit= $8.4
Explanation:
First, we need to calculate the total cost for each level of machine hours:
Low activity level:
Total cost= 22,000*33.4= $734,800
High activity level:
Total cost= 25,000*30.4= $760,000
Now, we can determine the variable and fixed costs:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (760,000 - 734,800) / (25,000 - 22,000)
Variable cost per unit= $8.4
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 760,000 - (8.4*25,000)
Fixed costs= $550,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 734,800 - (8.4*22,000)
Fixed costs= $550,000
Layton Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond
Answer:
Bond Price= $2,162.94
Explanation:
Giving the following information:
Par value= $2,000
YTM= 0.038/2= 0.019
Coupon= (0.046/2)*2,000= $46
Years to maturity= 13*2= 26
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 46*{[1 - (1.019^-26)] / 0.019} + [2,000 / (1.019^26)]
Bond Price= 936.91 + 1,226.03
Bond Price= $2,162.94
The following data are from the financial statements of the Riverton Company.
Current assets $55,000
Total liabilities $95,000
Total assets 125,000
Net income 18,000
Current liabilities 25,000
Sales 275,000
Answer:
then what i have to found
Setting a passing score for whites at 80 out of 100 and a passing score of 60 out of 100 for minority applicants in an admission test is an example of race norming.
A. True
B. False
Answer: True
Explanation:
Race norming simply refers to the practice whereby two different cut off test scores are set for employment which is based on race. Race-norming, is also referred to as the within-group score conversion and it has to do with the adjustment of test scores in order to account for the ethnicity of the test-taker.
Since a passing score for whites was set at 80 out of 100 while a passing score of 60 out of 100 was set for the minority applicants, then it's an example of race norming.
The focus on establishing relationships with all customers has given way to a more targeted effort to seek higher-value customers.
A. True
B. False
King, CPA, is auditing the financial statements of Cycle company, a client that has receivables from customers arising from the sale of goods in the normal course of business. King is aware that the confirmation of accounts receivable is a generally accepted auditing procedure.
Required:
a. Under what circumstances could King justify omitting the confirmation of Cycle’s accounts receivable? In designing confirmation request, what factors are likely to affect King’s assessment of the reliability of confirmations that King sends?
b. What alternative procedures could King consider performing when replies to positive confirmation requests are not received?
Answer:
King, CPA
Auditing the financial statements of Cycle Company
a-1 Circumstances under which the omission of the confirmation of accounts receivable may be justified by King:
1. Accounts receivable are immaterial because of their values.
2. Low risk concerning accounts receivable.
3. Reliance can be placed on analytics and substantive tests to detect misstatements.
4. Using confirmations may be ineffective.
a-2) Factors that are likely to affect King's assessment of the reliability of confirmations:
1. The assessed skills of the recipients to confirm their balances.
2. The existence of verifiable customer records.
3. Proper documentations of transactions.
b. The alternative procedures that King could consider performing when replies to positive confirmation requests are not received are:
1. The auditor can conduct substantive tests, with tests of detailed transactions and analytical procedures.
2. Examination of cash receipts, sales orders, invoices, shipping documents, and correspondence files.
Explanation:
Where accounts receivable balances are material, the auditor is required to send out requests to customers to confirm their balances. The confirmation may be in the form of a negative, positive, or blank confirmation, depending on the prevailing circumstances and the assessed risks.
You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $2,176 at the end of this year and subsequent payments that will grow at a rate of 3.4 percent annually. If you use a 9 percent discount rate for investments like this, what is the present value of this growing perpetuity?
Answer:
the present value of this growing perpetuity is $83,692.31
Explanation:
The computation of the present value of this growing perpetuity is shown below:
present value of this growing perpetuity is
= Payment at end of this year ÷ (Discount rate - Growth rate)
= $2,176 ÷ (0.09-0.034)
= $83,692.31
Hence, the present value of this growing perpetuity is $83,692.31
When equipment is sold for cash, the amount received is reflected as a cash :_________ a) inflow in the operating section. b) inflow in the financing section. c) inflow in the investing section. d) outflow in the operating section.
Answer: c. inflow in the investing section
Explanation:
The cash flow statement is prepared in order to determine the ending cash balance which is done by considering the cash that's generated from various activities of the business.
Equipment is regarded as a long term asset, and therefore when it's sold for cash, it's being regarded as an indicator for investing activities section.
