Stone Age Surfboards is a small manufacturer of two types of popular high-tide surfboards, the Rockwell and the Limestone models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 15 skilled workers, each of whom works 5 hours per day. The finishing department has 5 workers, who also work a 5-hour shift. Each pair of Rockwell surfboards requires 3 labor hours in the fabrication department and 1.5 labor hours in finishing. The Limestone model requires 4.5 labor-hours in fabrication and 2 labor-hours in finishing. The company operates 6 days a week. It makes a per-unit profit of $60 on the Rockwell model and $75 on the Limestone model. Approximately 4.1 Rockwell models and 8.4 Limestone models are produced per day. What is the total number of hours used for the finishing operation

Explanation:

Establishing credit is essential for young adults, as it involves supporting their financial needs in the long run.  

Reason 1: Establishing credit reflects a borrower's creditworthiness.

When you apply for a credit card, acquire a vehicle through financing, and even renting an apartment or buying a home all involves the creditors looking at the timeliness of your payments.  Credit cards or any type of loans are forms of debt (liabilities).  Creditors are also in the business of making money. Thus, they want to make sure that they are loaning their funds to a trustworthy borrower.

The creditors try to determine whether you are only making minimum payments on your credit card, or if you're paying your debt in full by the due date.  All of these factors reflect on your responsible use of finances and creditworthiness, which are the basis of your credit score as a borrower or debtor.  If your're making your payments on time and are reasonably paying for your debt, then you're able to build up your credit history.  Hence, the creditors will see you in a positive light the next time you apply for a loan.  The higher your credit score, the lower your interest rates will be.  

Reason 2: Employers run credit reports on job applicants.

Creditworthiness as a reflection of an individual's financial responsibility also has a positive bearing on how an employer views you as a prospective employee.  Employers want to hire trustworthy and reliable individuals. Thus, financial responsibility is highly relevant, especially when you're applying for positions that involve handling money or finances as a part of your job.

Kiwi Airlines' degree of financial leverage is 1.36.

Data and Calculations:

Fixed operating costs = $5.8 million

Revenue = $8 million

Variable costs = 20% of sales = $1.6 million ($8 x 20%)

Earnings before interest and taxes = $600,000 ($8 - $5.8 - $1.6 million)

Bonds outstanding = $2 million

Coupon interest rate = 8%

Interest expense = $160,000 ($2,000,000 x 8%)

Earnings before taxes = $440,000 ($600,000 - $160,000)

Corporate income tax = 40%

Income Tax Expense = $176,000 ($440,000 x 40%)

Net Income = $264,000 ($440,000 - $176,000)

Degree of financial leverage = earnings before interest and taxes/earnings before taxes

= $600,000/$440,000

= 1.36

Thus, Kiwi Airlines' degree of financial leverage is 1.36.

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Based on the information given if all the expenses are adequately substantiated. The amount that Stork can deduct for this event is $3,350.

Stock deduction

Costs of seats $3,300

($165x20)

Food and beverage $3,400

Total Entertainment expense $6,700

($3,300+$3,400)

Less 50% Limitation

Deduction $3,350

($6,700×.50)

Inconclusion the amount that Stork can deduct for this event is $3,350.

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Answer:

The Burj Khalifa, located in Dubai, has held its number 1 ranking, as the tallest building in the world, since 2010. It still is, as far as I know, the tallest building in the world, as of today, and sits approximately 2,717 ft tall.

Explanation:

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The practice of brokers transacting business online have been more increasing in recent time.

Brokers refers to individual or a firm acts as intermediaries between the buyer and seller for commission in return when executed.

Typically, the brokers provides various intermediary services in different field. For example, acting as intermediaries for investment, obtaining loan, purchasing real estate, purchasing insurance policy etc

While some brokers provides their services in contact with clients, some brokers provide their services online.

In conclusion, the practice of brokers transacting business online have been more increasing in recent time.

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Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. Enron worked to make their losses seem less than they actually were, and “cooked the books” to make their income look much higher than it was.