Answer:
$506,700
Explanation:
Calculation to determine the amount FVI should record as the cost of the land
Purchases land and a warehouse for $450,000
Add Commission $25,000
Add Title insurance $1,500
Add Miscellaneous closing costs $5,200
Add Demolished cost $25,000
Cost of the land $506,700
Therefore the amount FVI should record as the cost of the land is $506,700
Discuss the six HRM practices from which companies can choose for implementing their strategy. Illustrate by specific examples.
Answer:
Explanation:
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What is Interpersonal skill in business
management ?
are the behaviors and tactics a person uses to interact with others effectively in the business world the team refers to an employees ability to work well with others Explanation:
You own a stock portfolio invested 30 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 20 percent in Stock T. The betas for these four stocks are .80, 1.18, 1.19, and 1.36, respectively. What is the portfolio beta
Answer:
The Portfolio beta is 1.1045
Explanation:
The computation of the portfolio beta is given below:
Stock Beta Investment (Weight) Weighted Beta
Stock Q 0.8 0.3 0.2400
Stock R 1.18 0.25 0.2950
Stock S 1.19 0.25 0.2975
Stock T 1.36 0.2 0.2720
Portfolio beta 1.1045
What expenses typically come first in the "Expenses" section of an income statement? a. Non-operating expenses b. Irregular expenses c. Selling, general and administrative expenses d. Tax expenses
Answer:
c. Selling, general and administrative expenses
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.
Selling, general and administrative expenses typically come first in the "Expenses" section of an income statement.
What's the meaning of the symbol S3?
A. One three-way switch
B. A single switch mounted at 3'0"
C. Three single-pole switches
D. a triple-pole switch
The answer is A
One three-way switch
The University Store, Incorporated is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below: University Store, Incorporated Income Statement For the Quarter Ended March 31 Sales $ 800,000 Cost of goods sold 560,000 Gross margin 240,000 Selling and administrative expenses: Selling $ 100,000 Administrative 110,000 210,000 Net operating income $ 30,000 On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed.The contribution margin for the University Store for the first quarter is: A) $660,000 B) $700,000 C) $180,000 D) $140,000
Answer:
The University Store
The contribution margin for the University Store for the first quarter is:
= D) $140,000
Explanation:
a) Data and Calculations:
University Store,
Incorporated Income Statement
For the Quarter Ended March 31
Sales $ 800,000
Cost of goods sold 560,000
Gross margin 240,000
Selling and administrative expenses:
Selling $ 100,000
Administrative 110,000 210,000
Net operating income $ 30,000
Selling price per book = $40.00
Variable selling expenses per book = $3.00
Variable administrative expenses = 5% of sales
Sales Revenue $800,000
Cost of goods sold 560,000
Selling expense 60,000
Admin. expense 40,000
Total variable costs 660,000
Contribution margin 140,000
In general, increasing price above the market equilibrium price will _______ consumer surplus and ________ producer surplus. Total surplus will _______. Reducing price below market equilibrium will ________ consumer surplus and _______ producer surplus. Total surplus will _______. Thus regulators _______ increase benefits to one group or the other, but the market ______ be efficient.
The tax incidence is the:_____
a. average tax burden borne by buyers and sellers.
b. actual tax burden borne by buyers and sellers.
c. absolute tax burden borne by buyers and sellers.
d. relative tax burden borne by buyers and sellers.
On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requisitioned for production as follows: 224 units for Job 200 at $13 per unit and 294 units for Job 305 at $15 per unit.
Required:
Journalize the entry on May 7
Answer:
Date Account Title Debit Credit
May 7 Materials $9,600
Accounts Payable $9,600
Working:
= Units purchased * cost per unit
= 640 * 15
= $9,600
As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.
Adams Company recorded the following journal entry on March 2, 2018. Cash Unearned Revenue From the journal entry above, identify the transaction on March 2, 2018. A. Adams paid for services to be received at a later date. B. Adams received for services to be performed in a later period. C. Adams sold goods for cash. D. Adams purchased goods worth and signed a oneyear note for the same amount.
Answer: B. Adams received for services to be performed in a later period.
Explanation:
Unearned revenue represents cash paid by a customer for services that have not yet been done or goods that have not yet been delivered.
It is credited because it represents a liability as the company owes the customer the services or goods they paid for.
Adams here received cash for services that have not yet been performed which is why it was sent to the unearned revenue account and debited to cash to show that cash was received.
Single Plantwide Factory Overhead Rate Kennedy Appliance Inc.’s Machining Department incurred $159,500 of factory overhead cost in producing hoses and valves. The two products consumed a total of 5,500 direct machine hours. Of that amount, hoses consumed 2,800 direct machine hours. Determine the total amount of factory overhead that should be allocated to hoses using machine hours as the allocation base. $fill in the blank 1
Answer:
the total amount of factory overhead that should be allocated to hoses using machine hours is $81,200
Explanation:
The calculation of the total amount of factory overhead that should be allocated to hoses using machine hours is given below:
= $159,500 × 2,800 ÷ 5,500
= $81,200
Hence, the total amount of factory overhead that should be allocated to hoses using machine hours is $81,200
the same is relevant
what does it mean to be "in the red"
Answer:
The expression "in the red" is used to describe a business that has negative earnings. This is in contrast to the phrase "in the black" which refers to businesses that are profitable and financially solvent. ... Before the use of computers, accountants recorded income in black ink and expenses in red ink.Explanation:
I hope it helped❤hey buddy can u do a favor to mehey buddy can u do a favor to meif u don't mind ......plz subscribe to my UTube channel - gtron9528Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $258 two years ago and has an expected life of six years. A comparable microwave costs $366 today. What amount will the insurance company pay
Answer: $366
Explanation:
Replacement Cost Coverage refers to the valuation methods for the establishment of the value of an insured property which is used in knowing the amount that an insurer will
have to pay in case there is a loss and in such case, the insurance company will have to pay the costs at the present price to replace the damaged product.
Since the comparable microwave costs $366 today, therefore the insurance company will pay $366.
What will most likely occur if a company eliminates an unprofitable segment when a portion of fixed costs are unavoidable?
a. All expenses of the eliminated segment will be eliminated.
b. Net income will decrease.
c. Net income will increase.
d. The company's variable costs will increase.
Answer: b. Net income will decrease.
Explanation:
The unavoidable fixed costs were being covered by the unprofitable segment so if the segment is removed, the unavoidable fixed cost will have to be deducted from the profits of the other segment/s.
When this happens their profit will decrease because those segments will now be covering more fixed costs than before. This is why it is usually better to keep an unprofitable segment going if it incurs unavoidable fixed costs.
Jamon is a manager in a human resources organization. He has a message for Bob who works on the assembly line. What channel is he likely to use get the message to Bob
Answer: All of the above
Explanation:
The options include:
a. Face-to-face
b. Telephone
c. Electronic mail
d. All of the above
Since the manager manager has a message for Bob, any of the communication channels given here can be used.
There is no preferred communication channel here. The manager may decided to tell Bob the message face to face when he sees him. Also, he can call him on the telephone or send an email to him.
Therefore, the correct option is All of the above.
An employee of yours often offers excellent analysis and is able to quote facts and figures from memory during meetings; and they enjoy this aspect of their work. For this employee, analytical thinking might be considered a(n) ______ in CAPP Strengths. realized strength unrealized strength weakness learned behavior none of these innate behavior
Answer:
Realized strength
Explanation:
CAPP MODEL
This is simply called "Centre of Applied Positive Psychology".
Capp strength
This is are known to be more of fluid than personality traits and can occur over one's lifetime through different situations we experience.
The four quadrants of CAPP's Realise2 strengths model includes
1. Realized strengths
2. Unrealized strengths
3. Learned behaviours
4. Weaknesses.
Strengthss
This is simply known as an important or more so than weaknesses, a number of divisions are used by positive psychologist to help identify and measure your strengths. It is simply known as an attribute or quality of an individual that gives or accounts for successful performance.
The approach to strengths fully realized is simply to identify strengths and weaknesses to improve performance.
3. Which of the following is NOT a factor of production?
a. land
d. entrepreneurship
b. output
e. capital
c. inputs
Answer:
Output.
Explanation:
because it is an effect of production but not a factor.
You expect to receive $5,400 two years from now, $6,300 three years from now, and $10,900 six years from now. What is the future value of these cash flows seven years from now if the interest rate is 7.4 percent, compounded annually
Answer:
Total FV= $27,805.2
Explanation:
Giving the following information:
You expect to receive $5,400 two years from now, $6,300 three years from now, and $10,900 six years from now.
Interest rate= 7.4%
To calculate the Future Value, we need to use the following formula:
FV= Cf*(1 + i)^n
Cf1= 5,400*(1.074^5)= 7,716.41
Cf2= 6,300*(1.074^4)= 8,382.19
Cf3= 10,900*1.074= 11,706.6
Total FV= $27,805.2
My husband and I have been married for four years. When we graduated from college we were able to find entry level positions in California, but things were difficult because it is very expensive to live in California. After two years of marriage we decided to move to Omaha, Nebraska, believing that we could earn California wages without paying California housing prices. We bought a 900 square-foot condo for $317,000. We love the place and it's in a great neighborhood, but we have to be honest with ourselves that we may have made a mistake. Buying the condo took our savings, and that meant we had to take out a student loan for my husband's graduate school. He works in education, and with a $42,000 salary, it infuriates us that his graduate schooling nearly costs us what he makes in a year. Although we carry no credit card debt and continue to drive our very old cars, it worries me that when it comes time to pay back student loans, we are going to still be very tight and only be paying near the minimum credit card payment. My husband's career goal is to work in school administration, which pays more that what a classroom teacher makes. But it could take several years for that to happen, and we will need to sit tight until then. I am grateful that we have, for the most part, lived within our means and have made an effort to save a small amount of money. But if either of us loses our job, we could be in the same boat a lot of people are in. I hope this economy turns around so I can stop losing sleep about it! Based on the above scenario, describe one problem the couple above is facing and one possible solution to the problem
Answer:
I think there is no answer as pre my opinion and watch for other answer
Company manufactures luggage sets. sells its luggage sets to department stores. expects to sell luggage sets for each in and luggage sets for each in . All sales are cash only. Prepare the sales budget for January and February.
Complete Question:
Yem Company manufactures luggage sets. Yem sells its luggage sets to department stores. Yem expects to sell 1,600 luggage sets for $260 each in January and 1,700 luggage sets for $260 each in February. All sales are cash only. Prepare the sales budget for January and February
Answer:
Yem Company
Yem Company
Sales Budget
Two Months Ended January 31 and February 28
January February
Budgeted luggage sets to be sold 1,600 1,700
Sales price per set $260 $260
Total sales $416,000 $442,000
Explanation:
a) Data and Calculations:
Expected sales units in January = 1,600 luggage sets
Selling price for January sales = $260 each
Expected sale units in February = 1,700 luggage sets
Selling price for February sales = $260 each
Franchises are attractive to business owners because
they have a proven business model.
they are typically inexpensive to buy.
they get to keep all profits.
they come with very little risk.
A. they have a proven business model.
Franchises are attractive to business owners because they have a proven business model. The correct option is A.
Why are franchises attractive?Franchises give larger companies the ability to expand and spread out while also allowing entrepreneurs and small business owners the chance to manage their own operations with the assistance and support of a larger organization with a track record of success. Franchising is a seductive strategy for achieving commercial success.
In a franchise, the business owner (the franchisor) sells the right to use its brand, goods, and operational procedures to the franchisee (the person who wants to open a new location) in exchange for a fee.
The fact that the franchisor has previously created and put the business model through testing is one of the key advantages of owning a franchise. As opposed to starting a new company from scratch, the franchisee can take advantage of the franchisor's knowledge and expertise, which lowers the risk of failure.
Thus, the ideal selection is option A.
Learn more about franchises here:
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In the United States, if the price of imported oil rises so that the prices of gasoline and heating oil rise, then the a. consumer price index rises much more than does the GDP deflator. b. consumer price index rises slightly more than does the GDP deflator. c. GDP deflator rises much more than does the consumer price index. d. GDP deflator and the consumer price index rise by about the same amount.
Answer: a. consumer price index rises much more than does the GDP deflator.
Explanation:
The Consumer Price Index is a measure of inflation. It shows the change in the prices of a basket of goods over a period of time. If the prices of gasoline and heating oil rise, this basket will be affected and so Consumer Price Index (CPI) will increase.
GDP deflator on the other hand, adjusts the nominal GDP to a Real GDP measure. Not everything will increase in price in the country as a result of oil going up so GDP will not change by much which would limit the increase in the GDP deflator.
The CPI will therefore rise more than the GDP deflator.
MC Qu. 135 Front Company had net income of... Front Company had net income of $86,500 based on variable costing. Beginning and ending inventories were 2,200 units and 4,000 units, respectively. Assume the fixed overhead per unit was $8.60 for both the beginning and ending inventory. What is net income under absorption costing
Answer:
Net income under absorption costing = $101980
Explanation:
Below is the following calculation:
Net income based on variable costing = $86500
Rise in inventory = (4000 - 2200) x 8.60 = $15480
Now find the net income under absorption costing by adding the rise in inventory in the net income based on variable costing.
Net income under absorption costing = $86500 + $15480
Net income under absorption costing = $101980
Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for cost of goods sold using Net sales as the base.
2017 2016
Net sales $522,200 $423,400
Cost of goods sold 219,400 135,440
Operating expenses 79,990 $77,090
Net earnings 40,420 28,670
a. 42.0% for 2017 and 32.0% for 2016.
b. 7.7% for 2017 and 6.8% for 2016.
c. 123.3% for 2017 and 100.0% for 2016.
d. 57.3% for 2017 and 50.2% for 2016.
e. 174.4% for 2017 and 199.2% for 2016.
Answer:
a. 42.0% for 2017 and 32.0% for 2016
Explanation:
Common size % for cost of goods sold = Cost of goods sold/Net sales
For 2017
= $219,400 / $522,200
= 0.4201456
= 42%
For 2016
= $135,440 / $423,400
= 0.31988663
= 31.99%
Liquidity is _________. Question 10 options: equal to the market value of a firm's total assets minus its total liabilities generally most associated with intangible assets a measure of the use of debt in a firm's capital structure valuable to a firm even though liquid assets tend to be less profitable to own equal to current assets minus current liabilities
Answer:
valuable to a firm even though liquid assets tend to be less profitable to own
Explanation:
Tariffs are a tax placed on ✔ imported goods.
Tariffs are used to give domestically produced goods ✔ an advantage in the market.
As a result of tariffs, imported goods become ✔ more expensive for consumers
Answer:
Imported, an advantage, more.
Explanation:
This is done to discourage the use of foreign items and use of domestically made products. This helps the domestic companies to get their advantage in profit and sales. Thereby making the imported goods more expensive and discourages their use.Answer:
Tariffs are a tax placed on
✔ imported
goods.
Tariffs are used to give domestically produced goods
✔ an advantage
in the market.
As a result of tariffs, imported goods become
✔ more
expensive for consumers
Explanation:
The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the tax? Under what conditions will producers pay most of it? A. It depends on who is legally obligated to pay the tax. Typically producers are required to pay the tax and therefore bear most of the burden. B. If demand is relatively more elastic than supply, producers will pay more of the tax. C. It depends on who is legally obligated to pay the tax. Typically consumers are required to pay the tax and therefore bear most of the burden. D. If demand is relatively less elastic than supply, producers will pay more of the tax.
Answer:
B
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
If demand is more elastic than supply, if price is increased as a result of tax, demand would fall more than supply. As a result, producers would bear more tax burden
A manager of a company is facing an ethical problem. He uses the formal process for ethical decision making to resolve the problem. Which of the following steps will they begin with
Answer: Understanding all the moral standards and recognizing all moral impacts.
Explanation:
Ethics is the standards and the moral principles which guide the behavior of an individual or group of people. Ethical decision making reefers to the assessment of the moral implications of a course of action.
Since the manager uses the the formal process for ethical decision making to resolve the problem, the first step to begin with is to understand the moral standards and recognizing all moral impacts. The manager needs to be aware of the moral standards and be sure if he or she is following the normal process and doing the right thing.
Synovec Company is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 10 percent, and the company just paid a dividend of $2.65, what is the current share price
Answer:
$87.03
Explanation:
Calculation to determine the current share price
First step is to calculate p1
p1= $2.65(1+.30)^3(1+.04) / (.10 - .04)
p1= $2.65(1.30)^3(1.04) / (.10 - .04)
p1=6.054932/.06
p1=100.92
Now let calculate the Current price
p0= [$2.65(1.30) / 1.10] +[$2.65(1.30)^2 / 1.10^2] + [$2.65(1.30)^3 / 1.10^3] + [$100.92/ 1.10^3]
p0=3.1318+4.4782/1.21+5.82205/1.331+$100.92/1.331+
p0=3.1318+3.700992+4.37419+75.82
p0=$87.03
Therefore the current share price is $87.03
You are going to retire in 43 years. After retirement, you need $80,000 at the end of year for 25 years. How much do you have to save for your retirement every month
Answer:
Results are below.
Explanation:
I will assume an interest rate of 8% per year.
First, we need to calculate the amount required at the moment of retirement:
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
PV= 80,000 * {(1/0.08) - 1/[0.08*(1.08^25)]}
PV= $853,982.1
Now, the monthly deposit required:
i= 0.08/12= 0.0067
n= 43*12= 516
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (853,982.1*0.0067) / [(1.0067^516) - 1]
A= $188.43
A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the second quarter of the upcoming year. Each pair of boots require 2 kg of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 18,000 kg and the cost per kg is $8. What is the budgeted materials need in kg. in the first quarter?
A) 90,000 kg.
B) 84,000 kg.
C) 108,000 kg.
D) 102,000 kg.
E) 120,000 kg.
Answer:
B) 84,000 kg.
Explanation:
The computation of the budgeted materials need in kg. in the first quarter is given below:
begnning inventory 18000
required for production (45000 × 2) 90000
Less: closing (30000 × 2 × 20%) - 12000
Raw material needs 84000
hence, the budgeted materials need in kg. in the first quarter is 84,000
Therefore the option b is correct
