Answer: Easement
Explanation: Easement may best be explained as the right granted to people or persons by a landowner to thread on his or her property without taking ownership or being prosecuted or punished. Easement such as the one issued by Thomas in the scenario described above, was used to grant pathway access to Susan's customers whose restaurant is located along a route and would require passage through Thomas property. The easement above could also be called right-of-way.
For February, the cost components of a picture frame include $0.45 for the glass, $0.68 for the wooden frame, and $0.95 for assembly. The assembly desk and tools cost $500. Two hundred fifty frames are expected to be produced in the coming year. What cost function best represents these costs?
Answer: C(x) = 2.08 + 500x
Explanation:
Given the following :
Cost component of picture frame :
Glass = $0.45
Wooden frame = $0.68
Assembly = $0.95
Assembly desk and tools = $500
Using the linear cost function :
C(x) = mx + b
C(x) = total cost
b = fixed cost
mx = variable cost
b = cost of glass + wooden frame + assembly
b = $(0.45 + 0.68 + 0.95) =$2.08
mx = (cost of assembly desk and tools * number produced) = 500x
C(x) = 2.08 + 500x
Multiple Choice Question Milky Company reports sales revenue of $200, an increase in deferred revenue of $2, and an increase in accounts receivable of $1. Using a journal entry to determine cash collected from customers, accounts receivable should be ____ and deferred revenue ___.
Answer: b. debited; credited
Explanation:
Deferred revenue has been paid to the company but the company does not recognize it as revenue yet because the goods or services it was paid for have not been delivered yet. It will therefore be classified as a liability until the goods or services are delivered. It will therefore be credited because increases in liabilities are credited.
Accounts Receivable is an asset account and as such any increase in it will be debited.
Grace found herself in a breach of contract situation where the other party met some of the terms but not others. Grace thought it would cost a lot of time and money to sue, so she decided to accept the work that had been done and call it good. This is an example of ______.
Answer: accepting partial performance
Explanation:
From the question, we are informed that Grace found herself in a breach of contract situation where the other party met some of the terms but not others and she thought it would cost a lot of time and money to sue, so she decided to accept the work that had been done and call it good.
The above scenario is an example of accepting partial performance. This is a partial performance because there's a breach of contract as not all the terms that were involved are met.
self-employed cash basis taxpayer, took out a loan to use in her business. The loan principal is to be repaid on November 30 of Year 3. Jones prepaid the entire interest of $12,000 on December 1 of Year 1. What amount of interest was deductible on Jones' Year 2 income tax return?
Answer: $6,000
Explanation:
Interest is deductible from Income tax but when interest to be paid is more than 12 months, the interest would need to be evenly spread over the period that they apply to. The total interest is $12,000 but the repayment period is 2 years. This means that the interest would need to be spread out over the 24 months involved at a rate of;
= 12,000/24
= $500
In Year 2 therefore, the relevant amount that can be deducted will be for 12 months;
= 500 * 12
= $6,000
Select all businesses directly involved in marketing.
Bank
Marketing research form
medical center
government agency
car dealership
advertising agency
Answer:
The correct options are;
Marketing research firm
Advertising agency
Explanation:
Marketing research firms are firms that undertake field data sourcing and assessment with regards to goods and services consumers, local and international competitors, market distribution networks as forces and participants as well as other factors that determine a market place. Market research firms usually work in behalf of other organisations
An advertising, creative, or ad agency are establishment that plan, handle and develop advertising, sales promotions and marketing campaign for their business customers.
Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019. For the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement. What amount did Vaughn debit to the appropriate account in 2020 to write off actual bad debts?
Answer: $19000
Explanation:
From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.
The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:
= $31000 - ($190000 - $178000)
= $31000 - $12000
= $19000
Two years ago, a customer purchased 1,000 shares of ABC stock at $45 per share. The stock has appreciated in value and is currently worth $60,000. The company announces that it is spinning off a subsidiary, DEF, to its shareholders. The value of the new company being spun off equals 5% of the old company. The customer will have:___________
Answer:
Explanation:
Spin off can be defined as the splitting of the shares of an existing company in order to form an independent new entities as part of larger business.
In calculating the spill off value of a business ,the aggregate cost of the business is used and not the aggregate cost.
Workings
Shares stock acquired = 1,000
initial share price = $45
Total share value = 45*1000=45,000
Percentage split off to DEF= 5%
Value split off = 5%*45,000 =2,250
Percentage retained in ABC = 95%*5,000
=42,750
Suppose you manage a delivery company and you must choose between two transportation methods: (a) truck or (b) train. (a)Trucks: Costs U$ 26,000 upfront. For each mile it runs it costs U$ 2.00 in gas. Maintenance costs U$ 4,000 per year and additional U$ 1.00 per mile run. (b)Train: To lease a container that carries the same volume of orders as the truck it costs U$ 10.000 per year. In addition it costs U$ 4.00 per mile to move orders around. Which method has the lowest cost
Answer:
Which method has the lowest cost: Train.
Explanation:
From the scenario given between using the truck or train for transportation, the option with the lowest cost happens to be by train despite having high cost per mile for moving the goods.
For example, if the goods is to be moved over 1000 miles, it would cost the truck higher than when the train was used.
For Truck:
Cost of Truck: $26,000
Gas: $2 × 1000 = $2000
Extra: $1 × 1000 = $1000
Total: $29,000
For Train:
Cost: $10,000
Mile cost: $4 × 1000 = $4000
Total: $14,000
Therefore, for every 1000 miles covered, it was cheaper to use the train (lease a container carrier in train) than to use the Truck.
The manager of a bulk foods establishment sells a trail mix for $5 per pound and premium cashews for $15 per pound. The manager wishes to make a 75-pound mixture of both that will sell for $13 per pound. How many pounds of each should be used
Answer:
15 pounds of trail mix60 pounds of premium cashewsExplanation;
75 pounds of the mixture should be made so assuming the trail mix is x and the premium cashew is y, the following expression is formed;
x + y = 75
The selling price per pound is $13 so in total, sales should be;
= 75 * 13
= $975
5x + 15y = 975
Substitution can then be used;
x + y = 75
y = 75 - x
Then;
5x + 15y = 975
5x + 15 ( 75 - x ) = 975
5x + 1,125 - 15x = 975
-10x = -150
x = 15
y = 75 - 15
= 60
15 pounds of trail mix
60 pounds of premium cashews
Which is most likely a violation of the AICPA Code of Professional Conduct? A member firm buys computer time at wholesale prices from another CPA firm and sells it at retail prices to clients. A member firm’s name is imprinted on a tax booklet prepared by an outside author who is clearly identified. A member forms a partnership for the practice of public accounting with non-CPAs. A member begins a public accounting firm with the trade name "Pay Less Tax Service."
Answer:
A member begin a public accounting services with the trade name "Pay less tax "services"
Explanation:
The AICPA code of professional conduct is a set of mandatory rules describing the minimum level of conduct a member must maintain in order to earn public trust as this is of utmost priority to the professional body.
The code of conduct requires that no member should undergo any activity that undermines the services of the professional body . As a result , no member should charge a fee that that is believed to be be low and he should not mislead the public into believing such as a matter of integrity.
The business name "PAYLESS" appears to have violated this rule.
Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $8,800 (that had cost...
Levine Company uses the perpetual inventory system.
Apr. 8 Sold merchandise for $8,800 (that had cost $6,503) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.
12 Sold merchandise for $8,600 (that had cost $5,573) and accepted the customer's Continental Card. Continental charges a 2.5% fee.
Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.)
Answer:
Date General Journal Debit Credit
Apr 8 Cash $8,448
Credit card expenses $352
(8,800 * 4%)
Sales $8,800
(Sales of merchandise, receipt of cash
and credit card charges recorded
Apr 8. Cost of Goods sold $6,503
Merchandise Inventory $6,503
(Cost of goods sold recorded)
Apr 12. Cash $8,385
Credit card expense $215
(8,600 * 2.5%)
Sales $8,600
(Sales of merchandise, receipt of cash
and credit card charges recorded
Apr 12 Cost of goods sold $5,573
Merchandise Inventory $5,573
(Cost of goods sold recorded)
Yvonne authorizes Warren to act as her agent and sell her vehicle. Yvonne tells Warren her vehicle has never been in an accident, and Warren, despite knowing Yvonne had been in an accident a year ago in the car, passes this information on to the buyer. Is Warren liable for the misrepresentation:__________
Answer:
no
Explanation:
because he does something that he don't know what will happen ..and do not research for someone who want to hers car
"A 25-year old client with a low risk tolerance wishes to invest in bonds. The client has invested in equities before, but has no experience investing in bonds. The BEST recommendation would be:"
Answer: AA-rated short-term bonds
Explanation:
The options to the question are:
A. BB-rated short-term bonds
B. BB-rated intermediate-term bonds
C. AA-rated short-term bonds
D. AA-rated long-term bonds
From the question, we have been informed that the client has a low risk tolerance and wants to invest in bond.
Based on this scenario, to reduce the risk of the interest rate risk, it should be noted that short-term maturities are more appropriate than choosing the long-term maturities.
Therefore, the best recommendation will be AA-rated short-term bonds.
The ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year. The company had declared a dividend of $1.5 million. What was the net income earned during the year
Answer: $4.1 million
Explanation:
From the question, we are informed that the ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year and that the company had declared a dividend of $1.5 million.
The net income earned during the year will be:
= $2.6 million + $1.5 million
= $4.1 million
Ken, whose primary job is supervising a small production group, is not getting cooperation from all members on the cross-functional team he leads. In particular, Bethany, a senior marketing manager, seems to resist his direction and tries to influence team members to go in another direction. The source of conflict in this case may be
Answer:
Status differences.
Explanation:
Since Ken, whose primary job is supervising a small production group, isn't getting cooperation from all members on the cross-functional team he leads. In particular, Bethany, a senior marketing manager, seems to resist his direction and tries to influence team members to go in another direction. The source of conflict in this case may be status differences.
A status difference in workplaces occurs between various workers or employees as a result of perceived thought of being higher than the other employees because of factors such as educational background, qualifications, age, intelligence, gender etc.
Basically, the top executives or human resources managers in organizations should strive really hard to reduce status differences at workplace through counseling, because it inhibits growth and development.
On December 31, 2017, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 2027. Annual payments of $100,000 are due on December 31. The first payment was made on December 31, 2017, and the second payment was made on December 31, 2018. The present value at the inception of the lease for the 10 lease payments discounted at 10% was $676,000. The lease is appropriately accounted for as a capital lease by Ball.Required:1. Compute the December 31, 2018, amount that Ball should report as a lease liability after the first payment has been made. 2. What portion of this total liability should be classified as a current liability?
Answer:
Explanation:
A capital lease is a lease arrangement in which the lessor agrees to transfer the ownership of an asset to the lessee at the completion of the lease period. During the leasing contract , the lease is treated like an asset in the company's balance sheet
Lease liability at inception = 676,000
Annual payment made on December 2017 =(100,000)
Balance lease liability on 2017 = 576,000
Lease liability on December 2018
Balance on 2017 =576,000
Factor in 10% discount on lease payment
100,000 - (576,000*10%)= 100,000-57,600 = (42,400)
Balance on lease liability = 533,600
The current liability portion =
Factoring in the 10% discount =
100,000 - (533,600*10%) = 100,000 - 53,360 = 46,640
Cole is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the cabinet for $360. Cole discovers that he needs to do an additional $200 worth of work to make the cabinet worth $360 to potential buyers. He could also sell the cabinet now, without completing the additional work, for $100. What should Cole do
Answer:
Cole should complete the additional work and sell the cabinet for $360.
Explanation:
If Cole sells the cabinet now for $100 and taken into account that he has already spent $180, this means that:
$100-$180= -$80
He would be losing $80.
On the other side, if he completes the additional work, he would sell the cabinet $360. However, his expenses would be:
$180+$200= $380
Now, you have to subtract the costs from the selling price:
$360-$380= -$20
This means that he would lose $20.
According to that, Cole should complete the additional work because he would be lose less money.
The following per unit cost information is available: direct materials $36, direct labor $24, variable manufacturing overhead $18, fixed manufacturing overhead $40, variable selling and administrative expenses $14, and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute its markup percentage using a total-cost approach
Answer:
Mark−up percentage = 18.75%
Explanation:
Total manufacturing cost= Direct material + Direct labor + Variable overhead + Fixed overhead
= $36 + $24 + $18 + $40
= $118
Hence, the total manufacturing cost is $118.
Total selling cost = Fixed selling cost + Variable selling cost
Total selling cost = $28 + $14
Total selling cost = $42
Hence, the total selling cost is $42
Total cost = Total Manufacturing cost + Total selling cost
Total cost = $118 + $42
Total cost = $160
Mark−up percentage = ROI / Total cost * 100
Mark−up percentage = $30 / $160 * 100
Mark−up percentage = 0.1875 * 100
Mark−up percentage = 18.75%
To spur trade, Cormoran, Brithea, and Asmakush decided on economic integration where there were no barriers to trade between the three countries, they agreed on a common external trade policy, and allowed factors of production to move freely between the three countries. In short, the three countries formed a Group of answer choices
Answer:
Common market.
Explanation:
In order to spur trade, Cormoran, Brithea, and Asmakush decided on economic integration where there were no barriers to trade between the three countries, they agreed on a common external trade policy, and allowed factors of production to move freely between the three countries. In short, the three countries formed a common market.
A common market can be defined as a formal agreement between a group of countries in which they adopt a common external tariff on products imported from countries outside the union. It is simply a type of market involving the formal organization of countries who have collectively agree to trade freely with one another with eliminated internal tariffs but imposes a common external tariff on trade with other countries.
Common market was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.
The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely.
The decision to take less salary in a year when the company was less profitable and employees' pay was cut is an example of Nishimatsu's:
Answer: commitment
Explanation:
The Chief Executive Officer of Japan Airlines, who was Haruka Nishimatsu, was an example of a strategic leader who had a high performance.
The The decision to take less salary in a year when the company was less profitable and employees' pay was cut is an example of Nishimatsu commitment to the company.
Strikes are much more disruptive in pro sports than in mainstream business because A. players have unique talents and cannot be replaced with temporary replacement workers. B. professional athletes' salaries are so much higher than the average worker. C. sports are seasonal, thus have less time to realize revenue. D. All of these are correct.
Answer:
A. players have unique talents and cannot be replaced with temporary replacement workers.
Explanation:
The reason for disturbing strikes in pro sports as compared with the mainstream business is due to unique talents in players that cannot be easily found also it should not be replaced with the temporary workers.
As due to unique talents of players the win chances of games could be high
Therefore the correct option is a.
As defined in the Uniform Securities Act, an investment adviser is all of the following except:_______. 1. a broker-dealer who charges for investment advice 2. a publisher of a financial newspaper 3. a person who sells security analysis 4. a CPA who, as an incidental part of his practice, suggests certain tax-sheltered investments to his affluent clients
Answer:
A publisher of financial newspaper
A CPA who as an incidental part of his practice , suggests certain tax sheltered investment to his affluent client
Explanation:
An investment adviser is a firm that is registered for the business of making investment recommendations or conduct securities analysis by managing clients assets and advising on potential investment in securities.
A publisher of financial newspaper and a CPA who as an incidental part of his practice , suggests certain tax sheltered investment to clients are not qualified as investment advisers under the uniform securities act.
Suppose that the central bank must follow a rule that requires it to increase the money supply when the price level falls and decrease the money supply when the price level rises. If the economy starts from long-run equilibrium and aggregate demand shifts right, the central bank must
Answer:
central bank must decrease the money supply, which shifts aggregate demand left
Explanation:
In such a situation as the one being described the central bank must decrease the money supply, which shifts aggregate demand left. This decrease in the money supply will lead to a decrease in consumer spending, thus reducing price levels and real output since there is less capital for spending in the economy, which ultimately causes the aggregate demand to shift to the left. Therefore creating balance in this situation.
If the economy is in long-run equilibrium and aggregate demand shifts right, the central bank must reduce the money supply, causing aggregate demand to shift left.
When the economy is in long-run equilibrium:
In a case like this, the central bank must reduce the money supply, which pushes aggregate demand to the left. Because there is less capital for spending in the economy, a fall in the money supply will lead to a decrease in consumer spending, lowering price levels and real output, causing aggregate demand to shift to the left. As a result, there is a sense of equilibrium in this circumstance.
For more information about long-run equilibrium refer to the link:
https://brainly.com/question/13869483
Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equilibrium, and that the price of each candy cane is $0.20. Now suppose that the price of sugar falls, decreasing the marginal and average total costs of producing candy canes by $0.15. Based on the information given, we can conclude that in the short run a typical producer of candy canes will be making:
Answer:
Positive economic profit
Explanation: In the economic profit, we have to consider the revenue earned and the cost of production including the opportunity cost. In the scenario above, the economic profit is positive, because, the average and marginal cost falls by $0.15 at a time when the sales price of the product is $0.20. The economic profit here is positive, due to the further reduction in the marginal and average price of an important material in the production process. In this scenario, due to positive economic profit, the New firms are attracted to the market.
Advertisements for hygiene products like toothpaste and soap tend to feature doctors as spokespersons endorsing the products.Consumers perceive these doctors to possess a substantial knowledge on health and hygiene.Which of the following characteristics of the message source is represented by this example?A) ExpertiseB) CongruityC) VisibilityD) AttractivenessE) Simplicity
Answer: A.) Expertise
Explanation: The endorsement usually offered by doctors during advert placement on products in the hygiene category such as soap, toothpaste and sanitary products is used to denote expertise. Doctors are well known and highly revered in areas of medicine including hygiene and health, there endorsement of such products is much likely to lead to higher approval rate among consumers and thus success of the product than endorsement offered by non-health or hygiene professional such as a banker.
Analyse how fiscal policy measures could reduce inflation.
Answer:
In order to control the demand-pull inflation, the Government undertakes some monetary measures and incorporates certain changes to the fiscal policy.One of the commonly used measures to control inflation is controlling the money supply in the economy. If the Government decreases the supply of money, then the demand will fall, leading to a fall in prices. Therefore, the Government may decide to withdraw certain paper notes and/or coins from circulation. This decreases the money supply.
Explanation:
In 2006, Gap Inc. ended their relationship with 23 production facilities due to code violations. Several closings occurred because of the use of child labor. In response to these events the Gap created a large team whose purpose is to travel worldwide to ensure compliance with their Code of Vendor Conduct. This is an example of
Answer: Social responsibility.
Explanation: The action portrayed by Gap Inc. demonstrates an expemplary attitude worthy of emulation which nails down the principle of social responsibility by organizations. This principle looks beyond the profits and revenue generated by the company but also aims to play it's role and ensure that it's actions does not violate or degrade social ethics. The closure of some facilities due to human right violation and subsequent enforcement of compliance with the code and conduct is a strict signal towards the company's strict stance at supporting and enforcing social responsibility.
Fifty years ago, a high school diploma was the minimum requirement for entry to the paid labor force in the US. Today a college degree is virtually the bare minimum. This change reflects the process of
Answer: Credentialism
Explanation:
Credentialism is when credentials that are given by professional bodies, educational institutions etc are being relied upon and used as qualifications to know if someone can do a particular job or not.
Fifty years ago, a high school diploma was the minimum requirement for entry to the paid labor force in the US. Today a college degree is virtually the bare minimum. This change reflects the process of credentialism.
is considering an investment with an initial cost of $236,000. In Year 4, the project will require an additional investment and finally, the project will be shut down in Year 7. The annual cash flows for Years 1 to 7, respectively, are projected as $64,000, $87,000, $91,000, −$48,000, $122,000, $154,000, and −$30,000. If all negative cash flows are moved to Time 0 using a discount rate of 13 percent, what is the project's modified IRR?
Answer:
18.54%
Explanation:
The computation of the project modified IRR is shown below:
Here we use the spreadsheet for determining the IRR
but before that we need to find out the cash inflows
Years Amount (in dollars)
Year 0: = - $278,191.12
($236,000 - $48,000 ÷ 1.13^4 -$30,000 ÷ 1.13^7)
Year 1: 64000
Year 2: 87000
Year 3: 91000
Year 4: 0
Year 5: 122000
Year 6: 154000
Year 7: 0
Now we use the excel
=IRR({-$278,191.12,$64,000,$87,000,$91,000,$0,$122,000,$154,000,0})
= 18.54%
Burton Pharmaceuticals is a fast-growing drug company based in Dallas. Top executives at Burton realize that human capital plays an essential role in the continued success of the firm, and they want HR to participate in strategic planning. Which of the following, if true, best supports the argument that HR should be more involved in strategic planning at Burton?A) Burton plans to acquire another drug company within the next six months.
B) Burton recently settled a lawsuit related to charges of unfair hiring practices.
C) Burton primarily hires sales representatives who have medical backgrounds.
D) Burton experienced a small profit loss last quarter due to increased competition.
Answer:
Option B
Explanation:
In simple words, Human resources refers to the set of individuals who make up the working population of an organisation, a business community, an industry or perhaps a financial system. Human resources, the knowledge that physical interaction, is a smaller concept.
Thus if there has been a lawsuit regarding a hiring process then it is optimal to include HR division of the enterprise into the mainstream operations of the company.
