Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting relationships. Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees. Jane finds that the executives of the company have formed a team consisting of themselves, some middle managers, and a few hourly employees to work on improving work processes and efficiency within the company. This group has been in existence for 5 years and is going strong. The group of managers that Bill discovers is an example of:

A) an informal interest group

B) a formal group

C) A fun group

D) a quality group.

Answers

Answer 1

The correct answer is B) a formal group.

The group of managers that Bill discovers is an example of a formal group.

During their visit to a large manufacturing business, Bill discovers a formal group. It is a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees.

When we are referring to an organization, a formal group can be understood as a workgroup that is formed by design, depending on a hierarchical composition. The members of this group have specific tasks according to the work they perform in the company.

Usually, these groups are formed based on the experience of their members because they want to accomplish goals in a more effective way and to improve the decision-making process of difficult issues.


Related Questions

Sybil, age 40, is single and supports her dependent parents who live with her, as well as her grandfather who is in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000. What is the taxable income?

Answers

Answer:

$61,650

Explanation:

Calculation to determine the taxable income

Adjusted Gross Income (AGI) $80,000

Deduct Standard deduction (head of household) ($18,350)

Taxable Income $61,650

($80,000-$18,350)

Therefore the vthe taxable income is $61,650

To ensure that a borrower is not using short-term bank credit to finance a part of its permanent needs for funds, banks often require borrowers to clean up their short-term loans for a 30-45 day period during the year.

a. True
b. False

Answers

True I’m maybe wrong but ye I think it’s true

Not all the items in your office supply store are evenly distributed as far as demand is concerned, so you decide to forecast demand to help plan your stock. Past data for legal-sized yellow tablets for the month of August are. Week 1 280 Week 2 380 Week 3 580 Week 4 680 a. Using a three-week moving average, what would you forecast week 5 to be

Answers

Answer: 547 yellow tablets

Explanation:

The three-week moving average would use the average of the tablets in the last three weeks before the 5th weeks to calculate the average for the 5th week.

= (Week 2 + Week 3 + Week 4) / 3

= (380 + 580 + 680) / 3

= 1,640 / 3

= 546.7

= 547 yellow tablets

ADP reports the following income statement.
AUTOMATIC DATA PROCESSING INC.
Statement of Consolidated Earnings
For Year Ended June 30, 2019, $ millions
Total revenues $14,175.2
Operating expenses 7,145.9
Systems development and programming costs 636.3
Depreciation and amortization 304.4
Total cost of revenues 8,086.6
Selling, general, and administrative expenses 3,064.2
Interest expense 129.9
Total expenses 11,280.7
Other income expense, net 111.1
Earnings before income taxes 3,005.6
Provision for income taxes 712.8
Net earnings $ 2,292.8
Forecast ADP’s 2020 income statement assuming the following income statement relations. All percentages (other than total revenue growth and provision for income taxes) are based on historic percent of total revenues.
Total revenues growth 13%
Depreciation and amortization $460.5 million
Interest expense No change
Other (income) expense, net No change
Income tax rate 25%
Round your answers to one decimal place.

Answers

Answer:

Forecast of 2020 net earnings = $299.2 million.

Explanation:

Note:

a. See part a of the attached excel file for the calculations of the Historic Percent of Total Revenue.

b. See part b of the attached excel file for the Forecast of ADP’s 2020 income statement.

From part b of the attached excel file, we have:

Forecast of 2020 net earnings = $299.2 million.

Labor data for making one gallon of finished product in Bing Company are as follows. (1) Price—hourly wage rate $16.70, payroll taxes $0.60, and fringe benefits $1.40. (2) Quantity—actual production time 1.60 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.20 hours. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.)
(a) Standard direct labor rate per hour. $ ______
(b) Standard direct labor hours per gallon. hours
(c) Standard labor cost per gallon. $______

Answers

Answer:

a. Standard direct labor rate per hour = Hourly wage rate + Payroll taxes + Fringe benefits

Standard direct labor rate per hour = $16.70 + $0.60 + $1.40

Standard direct labor rate per hour = $18.70

b. Standard direct labor hours per gallon = Actual production time + Rest periods and cleanup + Setup and downtime

Standard direct labor hours per gallon = 1.60 hours + 0.30 hours + 0.20 hours

Standard direct labor hours per gallon = 2.1 hours

c. Standard labor cost per gallon = Standard direct hours per gallon * Standard direct labor rate per hour

Standard labor cost per gallon = 2.1 hours * $18.70

Standard labor cost per gallon = $39.27

According to a summary of the payroll of Mountain Streaming Co., $110,000 was subject to the 6.0% social security tax and the 1.5% Medicare tax. Also, $25,000 was subject to state and federal unemployment taxes.a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.

Answers

Answer: $9,800

Explanation:

Payroll taxes = Social security + Medicare +State unemployment + Federal unemployment

= (110,000 * 6%) + (110,000 * 1.5%) + (25,000 * 5.4%) + (25,000 * 0.8%)

= 6,600 + 1,650 + 1,350 + 200

= $9,800

A journal entry for a payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash. Which of the following statements correctly states the effect of the error on the trialâ balance?
A. The sum of the credits will equal the sum of the debits.
B. The sum of the debits will exceed the sum of the credits by .
C. The sum of the debits will exceed the sum of the credits by .
D. The sum of the credits will exceed the sum of the debits by .

Answers

Answer:

A). The sum of the credits will equal the sum of the debits.

Explanation:

journal entry journal entry can be regarded as record of the business transactions which is made in a accountingbooks of a business.

journal entry that is documented properly will contains correct date as well as amounts to be debited and description of the transaction, it contain amount to be credited as well as a unique reference number.Note that "There is equal amount of credit as well as debit in a journal entry"

Trial balance can be regarded as report that give lists of balances of all general ledger accounts in a firm at a particular point in time, there is compilation of all ledger balance into debit as well as credit account column totals. As rule in trial balance, the total of the debit balances as well as credit balances that is been extracted from the ledger must tally with each other.

Cucina Corp. signed a new installment note on January 1, 2018, and deposited the proceeds of $50,000 in its bank account. The note has a three-year term, compounds 5 percent interest annually, and requires an annual installment payment on December 31. Cucina Corp. has a December 31 year-end and adjusts its accounts only at year-end. Required:

Answers

Question Completion:

Required:

1.Use an online application, such as the loan calculator with annual payments at mycalculators.com, to generate an amortization schedule. Enter that information into an amortization schedule with the following headings: Year, Beginning Notes Payable, Interest Expense, Repaid Principal on Notes Payable, and Ending Notes Payable.

2.Prepare the journal entries on (a) January 1, 2018, and December 31 of (b) 2018, (c) 2019, and (d) 2020.

3.If Cucina Corp.’s year-end were March 31, rather than December 31, prepare the adjusting journal entry it would make for this note on March 31, 2018?

Answer:

Cucina Corp.

1. Annual Amortization Schedule  

Year   Beginning       Interest Expense    Repaid Principal   Ending Notes

       Notes Payable  on Notes Payable                                      Payable

1        $50,000.00         $2,140.23               $15,842.25         $34,157.68

2        $34,157.68         $1,329.68               $16,652.80          $17,504.84

3        $17,504.84             $477.71                $17,504.77          $0.00

2. (a) January 1, 2018

Debit Cash $50,000

Credit Installment Note Payable $50,000

To record the issuance of the installment note.

December 31 of

(b) 2018

Debit Interest Expense $2,140.23

Debit Installment Note Payable $15,842.25

Credit Cash $17,982.48

To record the first installment repayment, including interest.

(c) 2019

Debit Interest Expense $1,329.68

Debit Installment Note Payable $16,652.80

Credit Cash $17,982.48

To record the second installment repayment, including interest.

(d) 2020

Debit Interest Expense $477.71

Debit Installment Note Payable $17,504.77

Credit Cash $17,982.48

To record the third and final installment repayment, including interest.

3. (b) 2018

Debit Interest Expense $625

Credit Interest Payable $625

To accrue interest expense for the year ($50,000 * 5% * 3/12)

Explanation:

a) Data and Calculations:

Installment note payable obtained on January 1, 2018 = $50,000

Period of note payable = 3 years

Interest rate = 5% compounded annually

Annual interest payment = December 31

Opportunity cost is the amount of increase or decrease in cost that would result from the best available alternative to the proposed use of cash or its equivalent.
a) true
b) false

Answers

The given statement is "False". A further explanation is provided below.

Whenever a decision had been made above another, the profit losses are determined as an Opportunity cost. This same notion is merely beneficial as a refresher or recalls to consider all acceptable possibilities well before a person decides.Opportunity costs aren't just an equity account method and hence are not included throughout a company's financial statements. This is simply a notion of the financial assessment.

Thus the above is the right answer.

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O'Reilly Corporation uses direct labor-hours to calculate its annual plantwide predetermined overhead. For the current period's estimated level of production, O'Reilly Corporation estimated that 39,000 direct labor-hours would be required. Estimated fixed manufacturing overhead cost is $599,000 for the current period and variable manufacturing overhead cost of $3.00 per direct labor-hour. O'Reilly Corporation's actual manufacturing overhead cost for the period was $788,379 and its actual total direct labor was 39,500 hours.
Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Predetermined overhead $ ________.

Answers

Answer:

Predetermined manufacturing overhead rate= $18.36 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead cost for the period= $599,000

Variable overhead rate= $3 per DLH

Number of estimated direct labor hours= 39,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

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

Predetermined manufacturing overhead rate= (599,000 / 39,000) + 3

Predetermined manufacturing overhead rate= $18.36 per direct labor hour

OR:

Fixed overhead rate= 599,000/39,000= $15.36 per DLH

Variable overhead rate= $3 per DLH

Plantwide overhead rate= $18.36 per direct labor hour

Preparing a Budgeted Income Statement Oliver Company provided the following information for the coming year: Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $11 Variable selling and administrative expenses per unit $1.10 Fixed selling and administrative expenses $423,000 Tax rate 33 % Required: Prepare a budgeted income statement for Oliver Company for the coming year. Round all income statement amounts to the nearest dollar.

Answers

Answer and Explanation:

The preparation of the income statement is presented below:

Sales $1,760,000 (160,000 × $11)  

Less: cost of goods sold ($1,008,000) (160,000 × $6.30)  

Gross margin $752,000

Less: Variable selling and administrative expenses ($176,000) (160,000 × $1.10)  

Less: Fixed selling and administrative expenses ($423,000)

Operating income $153,000

Less: INcome taxes ($50,490)

Net income $102,510

Copy equipment was acquired at the beginning of the year at a cost of $50,320 that has an estimated residual value of $4,600 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,143,000 copies. This year, 288,000 copies were made. a. Determine the depreciable cost. $fill in the blank 1 b. Determine the depreciation rate. Round your answer to two decimal places. $fill in the blank 2 per copy c. Determine the units-of-output depreciation for the year

Answers

Answer:

Annual depreciation= $11,520

Explanation:

Giving the following information:

Purchase price= $50,320

Salvage value= $4,600

Estimated copies= 1,143,000

First, we need to calculate the depreciable value:

Depreciable value= purchase price - salvage value

Depreciable value=  50,320 - 4,600

Depreciable value= $45,720

Now, the depreciable rate:

Depreciable rate= depreciable value / /useful life of production in copies

Depreciable rate= 45,720/1,143,000

Depreciable rate= $0.04 per copie

Finally, the annual depreciation:

Number of copies= 288,000

Annual depreciation= 0.04*288,000

Annual depreciation= $11,520

Nick sees a commercial for a Brand X clothing company that depicts the wearers of the clothes out having a good time with friends. Although he doesn't particularly need new clothes, the commercial prompts him to buy a Brand X t-shirt. This illustrates a common.......... of advertising.

Answers

Answer:

Critique of

Explanation:

Advertising

This simply is used to give notice, pass informations, for notification etc. from a known source and it is delivered through a mass-mediated channel that is set up to persuade the masses.

The 3 main components of successful advertising includes information, reasoning, and emphases.

The critiques of advertising:

There are several critiques of advertising. It includes the fact that the society is wasting resources, companies manipulate people's tastes, it hinders competition because it creates the perception that products are more differentiated than they are, allowing higher assumptions or markups.

The 4 types of advertising criticisms includes the effect, taste, role, and appropriateness.

Classification of cash flows [LO21-3, 21-4, 21-5, 21-6]
Listed below are several transactions that typically produce either an increase or a decrease in cash. Indicate by letter whether the cash effect of each transaction is reported on a statement of cash flows as an operating (O), investing (I), or financing (F) activity.
Transactions
1. Sale of Common Stock.
2. Sale of Land
3. Purchase of Treasury Stock
4. Merchandise Sales
5. Issuance of a long-term note payable
6. Purchase of merchandise
7. Repayment of note payable
8. Employee salaries
9. Sale of equipment at a gain.
10. Issuance of bonds
11. Acquisition of bonds of a another corporation
12. Payment of semiannual interest on bonds payable
13. Payment of a cash dividend
14. Purchase of a building
15. Collection of a nontrade note receivable (principal amount)
16. Loan to another firm.
17. Retirement of common stock.
18. Income taxes.
19. Issuance of short-term note payable
20. Sale of copyright

Answers

Answer and Explanation:

The classification is as follows:

1. This is the Financing activitiy

2. This is the investing activity

3. This is the Financing activity

4 This is an operating activity

5 This is the Financing activity

6 This is an operating activity

7 This is the Financing activity

8 This is an operating activity

9 This is an operating activity

10 This is the Financing activitiy

11 This is the investing activity

12 This is an operating activity

13 This is the Financing activitiy

14 This is the investing activity

15 This is the investing activity

16 This is the investing activity

17 This is the Financing activitiy

18 This is an operating activity

19 This is the Financing activitiy

20 This is the investing activity

Typical Request and Response Messages
The purpose of many business messages is to make a request or to reply to previously received communication. Familiarize yourself with the organization of these messages so you can communicate your purpose and achieve a positive outcome.
Read the scenario:
The office manager asks you for advice on how to structure a request message with numerous questions.
What advice would you give?
A. Give an approximate date for the deadline in the body.
B. Place the deadline in the opening.
C. Set an end date to take action in the closing.
Read the following request message:
To: Customer Support
From: Helen Martin
Subject: Warranty Information for Netbook Computer
Dear Customer Service,
I need this information by noon tomorrow at the latest. My team has an important presentation to give, and my netbook crashed while we were working on the presentation. I can’t find the warranty information anywhere. So I have a few questions.
Where is my warranty information? How long does it normally take to repair these machines? Do I have to mail the netbook to you, or can I bring it to your local repair shop?
Will you please answer these questions in a timely manner? Thank you in advance for your help.
Regards,
Helen Martin
1. Where do I find my warranty information?
Reason A: 2. How long does the average netbook repair take?
3. Do I need to mail in my netbook for repairs or bring it to your local repair shop?
Revision B: Where is my warranty information? How long does the average repair take? Do I have to mail in my netbook?
Revision C:
Where do I find the information?
How long does it take?
Can I take it to my local shop?
Which of the preceding revisions is the best revision for the body of this message?
A. Revision B
B. Revision C
C. Revision A
In addition to making requests, you will have to respond to requests in the business world.
Complete the following sentence with the dropdown menu.
Direct response messages might _______?
A. include long, flowery descriptions
B. use the "me" view
C. supply explanations and additional information
Many businesses use social media to communicate with customers. In order to make the most of social media, you should learn how to respond to various types of customer comments.
Read the scenario, and then answer the question.
You manage the social media presence of a company that manufactures travel apparel and gear. A customer posts an angry comment about a suitcase that failed to function properly after its first use. This is not the first complaint the product has received.
How should you respond to the customer?
A. Acknowledge the problem, and let the customer know that the company is working to rectify the situation.
B. Document and delete the comment. You don’t want news of the flawed product to spread.
C. Let the comment stand. No response is necessary.

Answers

Answer:

B. Place the deadline in the opening.

A. Revision B

B. Use the "me" view

A. Acknowledge the problem, and let the customer know that the company is working to rectify the situation.

Explanation:

Customer service is the most difficult task. If a customer is angry because of mis functioning of a product then concerns should be heard with patience and the company staff should try to resolve these issues and satisfy customer properly. One angry customer may take away 100 potential customers of a business.

The furniture store offers you no-money-down on a new set of living room furniture. Further, you may pay for the furniture in three equal annual end-of-the-year payments of $1,000 each with the first payment to be made one year from today. If the discount rate is 6%, what is the present value of the furniture payments

Answers

Answer: $2,673

Explanation:

The amounts to be paid are constant so this is an annuity. The present value will therefore be the present value of an annuity.

Present value of annuity = Annuity * Present value interest factor of annuity, 3 periods, 6%

= 1,000 * 2.6730

= $2,673

Identify a new product that is based on an innovation in technology, and draw up a strategic technical plan for its development. Be sure to discuss the risk factors at each stage, and indicate how you would deal with each.

Answers

"An electric car" is a new product that depends upon technological innovation.

Its progress is guided by a strategic technology plan:

The production of new ideas:

The lithium-ion battery throughout the electric vehicle will provide the energy needed to run its engine. Installation of the battery would ensure it can do all the functions which the consumer would expect from a typical vehicle.

The idea is evaluated:

The lithium-ion battery-powered electric car ought to be able to equal the speed of a gasoline or diesel-powered vehicle.

Analysis of the business environment:

Due to its reduced mileage, such a car would be perfect for customers who are unable to pay the rising cost of oil for the vehicles. Thus, electric vehicles would've been ideal to clients with fundamental part from middle income to high class. Its car would attract a huge number of customers, as consumers are looking for vehicles that may help them save cash on gasoline prices.

Development:

The fuel or diesel cylinder and batteries would be fitted in the car's bonnet. The rest of the car assembly process will proceed normally usual.

Commercialization:

Customers will be able to buy cars through a countrywide dealer network.The car's battery plays a significant role in each step of the process. Whereas if a car's batteries run out while it was on the road, it could be recharged using another energy source. During a crisis, solar plates will absorb the sun and power a battery. As a result, the vehicle will keep running smoothly.

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Atlantis Fisheries issues zero coupon bonds on the market at a price of $498 per bond. These are callable in 8 years at a call price of $600. Using semiannual compounding, what is the yield to call for these bonds

Answers

Answer: 2.34%

Explanation:

Yield to call is the rate that would make the issue price equal to the call price in future. It is therefore the rate that would compound the $498 to $600 in 8 years.

Semiannual compounding means that the interest rate and the number of periods need to be adjusted:

Number of periods = 8 * 2 = 16 semi annual periods

Interest = x / 2 = 0.5x

Call price = Issue price * ( 1 + rate) ^ number of periods

600 = 498 * (1 + 0.5x)¹⁶

(1 + 0.5x)¹⁶ = 600 / 498

0.5x = ¹⁶√ (600/498) - 1

x = 0.011713672618214 / 0.5

x = 2.34%

As the operations manager, you prefer to keep a constant workforce and production level, absorbing variations in demand through inventory excesses and shortages. Demand not met is carried over to the following month. Assuming you currently have 23 workers, what is the shortage cost for May

Answers

Answer:

Shortage cost for May is $71,000

Explanation:

The expected demand for the month of May is 5000 units.

Shortages for month are carried to next month.

Shortage cost is $10 per month.

(Working days per month x hrs/day x # of workers)

20 days * 8 hours * 23 workers = 3680

Jan :  3680 - 3500 = +180

Feb : 3680 + 180 - 4500 = -640

Mar : 3680 - 640 -6000  = -2980

Apr : 3680 - 2980 -6500 = 5780

May : 3680 - 5780 -5000 = 7100

Susan uses her office building as collateral to access credit and take out a loan from the bank. Because of the loan, she can hire three people to help her manage her business.

Answers

Answer:

property rights

Explanation:

edmentum/plato

Which of the following statements is false about the order in which management determines the sequencing of support department allocations under the sequential method of allocating support department costs to production departments?

a. Departments with more employees are allocated earlier.
b. Departments serving a large number of support departments are allocated earlier.
c. Departments with higher costs are allocated earlier.
d. Departments with more accurate cost drivers are allocated earlier.

Answers

Answer: A. Departments with more employees are allocated earlier.

Explanation:

In the sequential method, it should be noted that a company allocates the service costs one department at a time. Once the service department cost is allocated by the accountants, the department won't get any other costs from the other service departments.

The statement that is false about the order in which management determines the sequencing of support department allocations under the sequential method of allocating support department costs to production departments is that the departments with more employees are allocated earlier.

Under the sequential method, the department costs that are allocated earlier include having an accurate cost drivers, having a higher cost, or having a large number of support.

a face value of $450 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 8%. Assuming that Auerbach issued the bonds for $388,844,955, what interest expense would it recognize in its 2021 income statement

Answers

Answer:

$7,776,899

Explanation:

Calculation to determine what interest expense would it recognize in its 2021 income statement

Interest expense= $388,844,955 * 8% * (3 months/12 months)

Interest expense= $31,107,596.4 * 3/12

Interest expense= $7,776,899

Therefore the interest expense that would be recognize in its 2021 income statement is $7,776,899

The papilla supplies nourishment to the

Answers

Answer:

Papilla: Cells filled with capillaries that supply nourishment to the cells around it.

Roddie is 30 years old. He was demoted from his job as a manager at Big Trucks, a company with 10,000 employees. He was replaced by Bambi, a 45-year-old. Roddie was told that he was a little too young for management. Under the Age Discrimination in Employment Act (ADEA), what are Roddie's options

Answers

The option available for Roddie would be "Roddie has no options under ADEA."

To understand this, we need to go through the terms of 'Age Discrimination Policy in Employment Act;'

This Act covers the cases of employees or workers aging either 40 or above who have suffered age-based discrimination.The people aging under 40 are not covered under this act and hence, the benefits can not be reaped by them in any situation. This law doesn't allow the process of giving preference to an older employee over the younger to be considered illegal.

Hence, Roddie has no available options under ADEA as he is below 40(in fact only 30 years old) and he cannot claim under ADEA for justice.

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BWCT is a mining company that operates the world's exclusive mining site to harvest a new metal. Assuming it is a monopoly, which of the following statements is least likely concerning entry and exit in this market currently?
a. There is predatory price cutting being done by BWCT to keep new companies out of mining.
b. There is tight control over a key resource by BWCT.
c. There is an economy of scale at work making it cheap to produce more products.
d. There are government regulations enabling firms to enter the market easily.

Answers

Answer:

D; There are government regulations enabling firms to enter the market easily

Explanation:

Assuming BWCT as a monopoly,  statements is least likely concerning entry and exit in this market currently there are government regulations enabling firms to enter the market easily. Thus the correct answer is D.

What is a monopoly?

Monopoly refers to a single rule of the seller in the market. This is a type of busines structure where there are single busines that control the ownership of the market and restrict entries to give competition.

This monopoly structure of business led to high barriers to entry as the complete market is controlled by a single business entity which restricts others to enter. As there is no competition in the market the firms involved in monopoly gain more profit maximization.

The discrimination of price is also controlled as there is a single seller who sold the products and there are many buyers. So the seller can change the price of the product at any time.

Therefore, option D There are government regulations enabling firms to enter the market easily is the appropriate answer.

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#SPJ2

Which of these are good ways to find a buyer’s agent?

Answers

Answer:

1.Search online.

2.Interview agents.

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $396,000 to $684,000 and would decrease the current variable costs of $80 by $20 per unit. The selling price of $120 is not expected to change. Forrester's current break-even sales are $1,188,000 and current break-even units are 9,900. If Forrester purchases this new equipment, the revised contribution margin ratio would be:

Answers

Answer:

50%

Explanation:

Contribution margin is used to determine the profitability of a product. it is price less variable cost

Contribution margin ratio = (price - variable costs) / price

variable cost = 80 - 20 = 60

price = 120

(120 - 60) / 120 = 50%

On January 1, Jorge Inc. issued $3,000,000, 8% bonds for $2,817,000. The market rate of interest for these bonds is 9%. Interest is payable annually on December 31. Jorge uses the effective-interest method of amortizing bond discount. At the end of the first year, Jorge should report unamortized bond discount of:

Answers

Answer: $169470

Explanation: Firstly, we'll calculate the discount on bond which will be:

= Issue Price - Par Value

= $3,000,000 - $2,817,000

= $183,000

Then, the interest payable will be:

= Coupon Rate × Bond ParValue

= $3,000,000 × 8%

= $3,000,000 × 0.08

= $240,000

We will calculate the interest expense as:

= Issue Value × Market Rate

= $2,817,000 × 9%

= $253,530

Then, the amortized amount for Year 1 will be:

= Interest Expense - Interest Payable

= $253,530 - $240,000

= $13,530

Therefore, the unamoritzed amount of bond discount will be:

= $183,000 - $13,530

= $169,470

Let illustrate what you you know about materiality concept.

Answers

Answer:

rfb rgab rko

its a study meeting of girls i am also girl here we only study boy were not allowed because he disturb here we only study its safe meeting of girl here we only study

what are the first steps to start business

Answers

Answer:

finding a market for your product then finding a marketing strategy then get your assets set up

Explanation:

Other Questions
1. What is uncertainty in measurements? PLS HELP ME ON THIS QUESTION I WILL MARK YOU AS BRAINLIEST IF YOU KNOW THE ANSWER!!A teacher takes a random sample of 100 students enrolled at Springfield High School and asks them their opinions about the food served in the school cafeteria. The population of students here is __________________.A. the 100 students who are asked questionsB. all students enrolled at Springfield High SchoolC. all high school students in the countryD. all high school students in the world Question 13 plz show ALL STEPS what is folk dance?why is it called a cultural symbol of a particular community.plz help me and plz write long answer.plz..... Solve For X: 12 * X+3=51 The spaceship Enterprise 1 is moving directly away from earth at a velocity that an earth-based observer measures to be 0.66c. A sister ship, Enterprise 2, is ahead of Enterprise 1 and is also moving directly away from earth along the same line. The velocity of Enterprise 2 relative to Enterprise 1 is 0.34c. What is the velocity of Enterprise 2, as measured by the earth-based observer Choose the word whose underlined part is pronounced differently from that of the others.A. cat B. hat C. that D. Hate Behavioral factors are choices and behaviors that affect a person's chance of developing adisease or health condition.TrueFalse 33. The population of Canada, y (in millions), can be approximated by the relation y=0.146x + 31, where x represents the number of years since 2000.a. Approximate the population of Canada in the year 2006.b. In what year did the population of Canada reach approximately 32,752,000? Solve for x.A. 1B. 5C. 3D. 12 What is the Equation of Reduction in Mg+F2 gives MgF2, I WILL MARK YOU AS BRAINLIST 4.1.10 english 10 sem 2Create an outline for an argumentative research essay, which you will draft in Lesson 2. The outline will begin with a strong claim, followed by at least three supporting reasons. The evidence that backs up each reason must come from credible sources that you find through research. In its finished state, your outline should show how the claim, reasons, and evidence all relate.Your outline should include the following elements:A claim that takes a clear stand on an important, controversial issueAt least three reasons that support the claimEvidence from at least five sources that backs up your reasons (and the claim, indirectly)A works-cited page that lists your sources and follows MLA guidelines a road rises 16 feet for every 50 feet of horizontal distance covered. in percent what is the grade of the road? How do conservatives in general view the power of the federalgovernment? *A. They believe people in general want a stronger federal government to protect themfrom economic uncertainty.B.They believe the government has a duty to spread wealth and assist thedisadvantaged.C.They support a strong federal system that regulates economic and social policies.D.They distrust the federal government and call for less government involvement inbusiness. Estimated inventory (units), May 1 19,800 Desired inventory (units), May 31 19,400 Expected sales volume (units): Area W 6,600 Area X 10,000 Area Y 7,500 Unit sales price $13.00 The number of units expected to be sold in May is a.24,100 b.28,920 c.21,690 d.14,100 1 150 Is it equivalent? please show work so i can write it find area of a square garden having a length 45m How does sample size affect determinations of statistical significance? The smaller the sample size, the more confident one can be in one's decision to reject or retain the null hypothesis. The smaller the sample size, the greater the probability that the variable has an effect. The larger the sample size, the more accurate the estimation of the true population value. The larger the sample size, the greater the probability that the variable has an effect. An object could have some of the characteristics of life, yet still not be considered alive. A: TrueB: False