When presenting evidence in a Small Claims Court, it is advisable to avoid using pictures or graphics.
T OR F

Answers

Answer 1

This is definitely true

Answer 2

The statement "When presenting evidence in a Small Claims Court, it is advisable to avoid using pictures or graphics" is true.

What is graphics?

Graphics are visual pictures or designs on a material, such as a wall, canvas, screen, paper, or stone, that inform, explain, or entertain.

In modern use, it refers to a graphical representation of data, such as in design and manufacturing, typesetting and the visual arts, and instructional and recreational software. Computer graphics refers to images created by a computer.

Small claims courts are a simple, informal, and low-cost method for settling matters with claims of $7,000 or less.

It is correct that "when presenting evidence in a Small Claims Court, it is best to avoid introducing photographs or graphics." Therefore, it can be concluded that the above statement is true.

Learn more about the graphics here:

https://brainly.com/question/11764057

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Related Questions

Communication starts with

Answers

sender

is answer..

........

The statement of cash flows (as well as the balance sheet) includes within cash the notion of cash equivalents. The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted accounting principles. Required: 1. Obtain the relevant authoritative literature on cash equivalents using the FASB Accounting Standards Codification at the FASB website (www.fasb.org). What is the specific seven-digit Codification citation (XXX-XX-XX) that describes the guidelines for determining what items should be deemed cash equivalents

Answers

Answer: FASB ACS 305-10-20

Explanation:

The FASB Accounting Standards Codification simply refers to the source with regards to accounting principles that are generally accepted.

It should be noted that the specific seven-digit Codification citation that describes the guidelines for determining the items that should be deemed cash equivalents is FASB ACS 305-10-20. The main guideline contained here is that cash equivalents can be changes easily to cash.

Solving for dominant strategies and the Nash equilibrium Suppose Lorenzo and Neha are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Lorenzo chooses Right and Neha chooses Right, Lorenzo will receive a payoff of 6 and Neha will receive a payoff of 5
Neha
Left Right
Lorenzo Left 8,4 4,5
Right 5,4 6,5
1. The only dominant strategy in this game is for (Neha/Lorenzo) to choose (Right/Left)
2. The outcome reflecting the unique Nash equilibrium in this game is as follows: Lorenzo chooses (Right/Left) and Neha chooses (Right/Left) .

Answers

Answer:

1. The only dominant strategy in this game is for Neha to choose Right.

2. The outcome reflecting the unique Nash equilibrium in this game is as follows: Lorenzo chooses Right and Neha chooses Right.

Explanation:

A dominant strategy is a strategy that results in a player being better off no matter the choice his or her opponent in a game.

For this game, when Lorenzo plays Left, Neha will choose Right because 5 > 4. Also, when Lorenzo plays Right, Neha will still choose Right because 5 > 4. This shows that Neha will always play Right no matter what Lorenzo plays. This implies the dominant strategy for Neha is Right.

On the other hand, when Neha plays Left, Lorenzo will also play Left because 8 > 5. But when Neha plays Right, Lorenzo will choose will also play Right because 6 > 4. This shows that Lorenzo does not have any particular strategy that make him better off. Therefore, Lorenzo does not have a dominant strategy.

Therefore, we have:

1. The only dominant strategy in this game is for (Neha/Lorenzo) to choose (Right/Left)

Based on the analysis above, the only dominant strategy in this game is for Neha to choose Right.

This is because the dominant strategy for Neha is Right, but Lorenzo does not have a dominant strategy.

2. The outcome reflecting the unique Nash equilibrium in this game is as follows: Lorenzo chooses (Right/Left) and Neha chooses (Right/Left) .

Based on the analysis above, the outcome reflecting the unique Nash equilibrium in this game is as follows: Lorenzo chooses Right and Neha chooses Right.

The reason is that Neha will always play Right and Lorenzo will be better of by also playing Right because 6 > 4.

The Smith family wants to relocate to a neighborhood with better schools before their three-year-old goes to kindergarten. They talked with Byron about properties he has for sale in neighborhoods they would like to live in. They also mentioned to Byron that they both work and may need someone to help with in-home care for their child. Byron gave them Taylor’s name to call about childcare. The Smiths also said they were having a hard time getting loan approval, so Byron suggested that they call Travis. Which best describes the jobs performed by Byron, Taylor, and Travis?

a) Byron is a Customer Service Representative, Taylor is a Child Care Worker, and Travis is a Loan Counselor.

b) Byron is a Real Estate Manager, Taylor is a Nanny, and Travis is a Loan Counselor.

c) Byron is a Real Estate Manager, Taylor is a Preschool Teacher, and Travis is a Customer Service Representative.

d) Byron is a Home Counselor, Taylor is a Nanny, and Travis is a Property Manager.

Answers

Answer:

the correct answer is B)

Explanation:

Given that they spoke to Byron about properties that he wants to sell, that means he is a Real Estate Manager. Taylor came up because they needed in-home care. That makes Taylor a Nanny because Nannies are professionals who take care of babies in their own homes.

Loan counselors have no other major business besides advising people on issues relating to taking up a loan. Therefore that makes Travis a loan Counselor.

Cheers

A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (20,000 units): Direct materials $180,000 Direct labor 240,000 Variable factory overhead 280,000 Operating expenses: Variable operating expenses $130,000 Fixed operating expenses 50,000 180,000 If 1,600 units remain unsold at the end of the month, the amount of inventory that would be reported on the variable costing balance sheet is a.$66,400 b.$64,000 c.$78,400 d.$56,000

Answers

Answer:

d.$56,000

Explanation:

The computation of the amount of inventory that would be reported on the variable costing balance sheet is shown below:

But before that following calculations need to be done

The total production cost

= Direct material + direct labor + variable factory overhead

= $180,000 + $240,000 + $280,000

= $700,000

Now the production cost per unit is

= $700,000 ÷ 20,000 units

= $35 per unit

Now the amount of inventory is

= 1,600 units × $35 per unit

= $56,000

Suppose that the residents of Colgateville play golf incessantly. In fact, golf is the only thing they spend their money on. They buy golf balls, clubs, and tees. In 2019, they bought 1,000 golf balls for $2.00 each, 100 clubs for $50.00 each, and 500 tees for $0.10 each. In 2020, they bought 1,000 golf balls for $2.50 each, 100 clubs for $75.00 each, and 500 tees for $0.12 each. Using 2010 as the base year, answer the following questions.

a. What was the CPI for 2019?
b. What was the CPI for 2020?
c. What was the inflation rate in 2020?

Answers

Answer:

a. The CPI for 2019 is 100 because 2019 is the base year

b. CPI = Cost of basket of goods at current year prices/Cost of basket of goods at base year prices * 100

CPI = (1,000*$2.50) + (100*$75) + (500*$0.12) / (1,000$2.50) + (100*$50) + (500*$0.10) * 100

CPI = 10,060/7,550 * 100

CPI = 133.2450331125828

CPI = 133.25

c. Inflation rate = CPI in the current rate - CPI in previous year / CPI in previous year * 100

Inflation rate = 133.25 - 100/133.25 * 100

Inflation rate = 0.24953096 * 100

Inflation rate = 24.95%

The following items were selected from among the transactions completed by Aston Martin Inc. during the current year:
Apr. 15 Borrowed $225,000 from Audi Company, issuing a 30-day 6% not for that amount.
May 1. Purchased equipment by issuing a $320,000, 180-day not to Spyder Manufacturing Co., which disconted the not at the rate of 6%.
15. Paid Audi Company the interest due on the note of April 15 and renewed the loan by issuing a new 60-day, 8% not for $225,000. (Record both the debit and credit to the notes payable account.)
July 14. Paid Audi Company the amount due on the note of May 15.
Aug. 16. Purchased merchandise on the account for Exige Do., $90,000, terms, n/30.
Sept. 15. Issued a 45-day, 6% not for $90,000 to Exige Co., on account.
Oct. 28. Paid Spyder Manufacturing Co. the amount due on the note of May 1.
30. Paid Exige Co. the amount owed on the not of September 15.
Nov. 16. Purchased store equipment for Gallardo Co. for $20,000 each, coming due at 30-day intervals. Dec. 16. Paid the amount due Gallardo Co. on the first note in the series issued on November 16.
28. Settled a personal injoury lawsuit with a customer for $87,500, to be paid in January. Aston Martin Inc. accrued the loss in a litigation claims payable account.
Instructions
1. Journalize the transactions.
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year:
a. Product warranty cost, %$26,800.
b. Interest on the 19 remaining notes owed to Gallardo Co.

Answers

Question Completion:

November 16 - Purchased store equipment from Gallardo Co. for $450,000, paying $50,000 and issuing a series of twenty 9% notes for $20,000 each, coming due at 30-day intervals.

Answer:

Aston Martin, Inc.

Apr. 15 Debit Cash $225,000

Credit 6% Notes payable (Audi Company) $225,000

To record the amount borrowed by issuing a 30-day 6% note.

May 1. Debit Equipment $320,000

Credit 6% Notes Payable (Spyder Manufacturing Co.) $320,000

To record the purchase of equipment by issuing a $320,000, 180-day note at the rate of 6%.

May 15. Debit Interest expense $1,125

Credit Cash $1,125

To record the payment of interest on note.

May 15 Debit 6% Notes payable (Audi Company) $225,000

Credit 8% Notes payable (Audi Company) $225,000

To record the exchange of notes, by issuing a new 60-day, 8% note for $225,000

July 14 Debit 8% Notes payable (Audi Company) $225,000

Credit Interest expense $3,000

Credit Cash $228,000

To record the full settlement of note with interest.

Aug. 16. Debit Inventory $90,000

Credit Accounts payable (Exige Co.) $90,000

To record the purchase of merchandise on account, terms, n/30.

Sept. 15. Debit Accounts payable (Exige Co.) $90,000

Credit 6% Note Payable (Exige Co.) $90,000

To record the settlement of account by issuing a 45-day, 6% note to Exige Co.

Oct. 28. Debit 6% Notes Payable (Spyder Manufacturing Co.) $320,000

Debit Interest expense $9,600

Credit Cash $329,600

To record the settlement of notes with interest.

30. Debit 6% Note Payable (Exige Co.) $90,000

Debit Interest Expense $675

Credit Cash $90,675

To record the settlement of notes with interest.

November 16 Debit Store equipment $450,000

Credit 9% Note payable (Gallardo Co.) $400,000

Credit Cash $50,000

To record the issuing of a series of twenty 9% notes for $20,000 each, coming due at 30-day intervals.

Dec. 16. Debit 9% Note payable (Gallardo Co.) $20,000

Debit Interest expense $3,000

Credit Cash $23,000

To record the settlement of the first note with interest on all the notes.

Dec. 28. Debit Litigation Claims Loss $87,500

Credit Litigation Claims Payable $87,500

To record the litigation loss.

Explanation:

a) Data and Calculations:

Apr. 15 Cash $225,000 6% Notes payable (Audi Company) $225,000

, issuing a 30-day 6% note for that amount.

May 1. Equipment $320,000 6% Notes Payable (Spyder Manufacturing Co.) $320,000 by issuing a $320,000, 180-day note at the rate of 6%.

15. Interest expense $1,125 Cash $1,125

6% Notes payable (Audi Company) $225,000 8% Notes payable (Audi Company) $225,000

issuing a new 60-day, 8% not for $225,000

July 14. 8% Notes payable (Audi Company) $225,000 Interest expense $3,000 Cash $228,000

Aug. 16. Inventory $90,000 Accounts payable (Exige Co.) $90,000

, terms, n/30.

Sept. 15. Accounts payable (Exige Co.) $90,000 6% Note Payable (Exige Co.) $90,000 Issued a 45-day, 6% not for $90,000 to Exige Co., on account.

Oct. 28. 6% Notes Payable (Spyder Manufacturing Co.) $320,000 Interest expense $9,600 Cash $329,600

30. 6% Note Payable (Exige Co.) $90,000 Interest Expense $675 Cash $90,675

November 16 - Store equipment $450,000 9% Note payable (Gallardo Co.) $400,000 Cash $50,000

issuing a series of twenty 9% notes for $20,000 each, coming due at 30-day intervals.

Dec. 16. 9% Note payable (Gallardo Co.) $20,000 Interest expense $3,000 Cash $23,000

28. Litigation Claims Loss $87,500 Litigation Claims Payable$87,500

You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local library. You've gathered the following information to aid in your decision-making process.
Costs/Benefits College Course Community Course
Cost $2,600 $1,390
Distance to course 0.40 miles (walking distance) 16 miles (driving distance)
Timing of course Weekday Weekend
Number of meetings 16 8
Qualitative considerations Convenience, quality of instruction Flexibility, brief duration
If you enroll in the community class, you will be unable to work at your regular job on weekends for the eight weekend days when the class meets. If you typically earn $260 per weekend shift, which option would you choose (considering enrollment cost and opportunity cost)?
a) Neither alternative
b) College course
c) Community course
d) Both alternatives

Answers

Answer:

The chosen option (considering enrollment costs and opportunity cost) is:

b) College course.

Explanation:

a) Data and Calculations:

Costs/Benefits

College Course Community Course

Cost $2,600 $1,390

Opportunity costs -2,080 2,080

Net costs $520 $3,470

Distance to course 0.40 miles 16 miles

(walking distance) (driving distance)

Timing of course Weekday Weekend

Number of meetings 16 8

b) With the College course option, you will earn $2,080 ($260 * 8) weekdays to offset part of the enrollment cost. With the Community course option, $2,080 will be lost in opportunity cost, thereby increasing the total costs incurred. These costs are apart from the driving costs associated with traveling 16 miles to the Community Course at the local library.

Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and interest is paid once a year on December 31. The bond matures in three years. The annual market rate of interest was 8 percent at the time the bond was sold. The following amortization schedule pertains to the bond issued: Cash Paid Interest Expense Amortization Balance January 1, Year 1 $948 December 31, Year 1 $60 $76 $16 964 December 31, Year 2 60 77 17 981 December 31, Year 3 60 79 19 1,000 Required: 1. What was the bond's issue price

Answers

Answer:

Total of amortisation for 3 years = 16+17+19 = 52

Bonds issue price = 1000 - 52 = $948

I hope this helps a little bit.

n 1982 the inflation rate hit 16%. Suppose that the average cost of a textbook in 1982 was $25. What was the expected cost in the year 2017 if we project this rate of inflation on the cost? (Assume continuous compounding. Round your answer to the nearest cent.) If the average cost of a textbook in 2012 was $150, what is the actual inflation rate (rounded to the nearest tenth percent)?

Answers

Answer:

Total number of years = 35

a. Expected cost in 2017 = $25 * e^(35*0.16)

Expected cost in 2017 = $25 * e^5.6

Expected cost in 2017 = $25 * 270.42

Expected cost in 2017 = $6,760.50

b. If the average cost of a textbook in 2012 was $150, then the actual inflation rate:

150 = 25 * e^(r*t)

150 = 25 * e^(r*30)

6 = e^(r*30)

Taking log base e on both side

30r = Ln6

30r = 1.7918

r = 1.7918/30

r = 0.05972667

r = 5.97%

So, actual inflation rate is 5.97%

On January 8, 2012, Speedway Delivery Service purchased a truck at a cost of $65,000. Before placing the truck in service, Speedway spent $4,000 painting it, $2,500 replacing tires, and $8,000 overhauling the engine. The truck should remain in service for five years and have a residual value of $6,000. The truck’s annual mileage is expected to be 22,000 miles in each of the first four years and 12,000 miles in the fifth year—100,000 miles in total. In deciding which depreciation method to use, David Greer, the general manager, requests a depreciation schedule for each of the depreciation methods (straight-line, units-of-production, and double-declining-balance).
Requirements
1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value.
2. Speedway prepares financial statements using the depreciation method that reports the highest net income in the early years of asset use. For income tax purposes, the company uses the depreciation method that minimizes income taxes in the early years. Consider the first year that Speedway uses the truck. Identify the depreciation methods that meet the general manager’s objectives, assuming the income tax authorities permit the use of any of the methods.

Answers

Answer:

Speedway Delivery Service

1. Depreciation Schedules:

Depreciation Schedule (Straight-line Method)

Date Cost Value Depreciation Accumulated Net Book

Expense Depreciation Value

December 31, 2012 $79,500 $14,700 $14,700 $64,800

December 31, 2013 $79,500 $14,700 $29,400 $50,100

December 31, 2014 $79,500 $14,700 $44,100 $35,400

December 31, 2015 $79,500 $14,700 $58,800 $20,700

December 31, 2016 $79,500 $14,700 $73,500 $6,000

Depreciation Schedule (Units-of-production Method)

Date Cost Value Depreciation Accumulated Net Book

Expense Depreciation Value

December 31, 2012 $79,500 $16,170 $16,170 $63,330

December 31, 2013 $79,500 $16,170 $32,340 $47,160

December 31, 2014 $79,500 $16,170 $48,510 $30,990

December 31, 2015 $79,500 $16,170 $64,680 $14,820

December 31, 2016 $79,500 $8,820 $73,500 $6,000

Depreciation Schedule (Double-declining-balance Method)

Date Cost Value Depreciation Accumulated Net Book

Expense Depreciation Value

December 31, 2012 $79,500 $31,800 $31,800 $47,700

December 31, 2013 $79,500 $19,080 $50,880 $28,620

December 31, 2014 $79,500 $11,448 $62,328 $17,172

December 31, 2015 $79,500 $6,869 $69,197 $10,303

December 31, 2016 $79,500 $4,303 $73,500 $6,000

2. The straight-line method reports the highest net income in the early years while the double-declining-balance method minimizes the income taxes in the early years.

Explanation:

a) Data and Calculations:

January 8, 2012:

Purchase of a delivery truck = $65,000

Cost of painting the truck = 4,000

Cost of replacing the tires = 2,500

Cost of overhauling the engine 8,000

Total costs = $79,500

Residual value = 6,000

Depreciable amount = $73,500

Estimated useful life = 5 years

Straight-line depreciation Method:

Annual depreciation expense = $14,700 ($73,500/5)

Units-of-production Method:

Depreciation rate per mile = $0.735 ($73,500/100,000)

For 22,000 miles, depreciation expense = $16,170 ($0.735 * 22,000)

For 12 ,000 miles, depreciation expense = $8,820 ($0.735 * 12,000)

Double-declining-balance method:

Depreciation rate = 100/5 * 2 = 40%

First year's depreciation expense = $31,800 ($79,500 * 40%)

Declined balance = $47,700 ($79,500 - $31,800)

Second year's depreciation expense = $19,080 ($47,700 * 40%)

Declined balance = $28,620 ($47,700 - $19,080)

Third year's depreciation expense = $11,448 ($28,620 * 40%)

Declined balance = $17,172 ($28,620 - $11,448)

Fourth year's depreciation expense = $6,869 ($17,172 * 40%)

Declined balance = $10,303 ($17,172 - $6,869)

Fifth year's depreciation expense = $4,303 ($10,303 - $6,000)

Sicilian Defence, a division of Queen's Gambit Corp., has a net operating income of $60,000 and average operating assets of $300,000. The minimum required rate of return for the company is 15%. If the manager of the Sicilian Defence division is evaluated based on residual income, will she want to make an investment of $100,000 that would generate additional net operating income of $18,000 per year?

Answers

Answer:

Queen's Gambit Corp.

Sicilian Defence Division

If the manager of the Sicilian Defence division is evaluated based on residual income, will she want to make an investment of $100,000 that would generate additional net operating income of $18,000 per year?

Yes.

The additional investment yields comparable positive Residual Income.

Explanation:

a) Data and Calculations:

Net operating income of Sicilian Defence Division = $60,000

Average operating assets = $300,000

Required rate of return for the company = 15%

Residual income (RI)= Operating Income - (Operating Assets x Required Rate of Return)

= $60,000 - ($300,000 * 15%)

= $60,000 - $45,000

= $15,000

Investment cost = $100,000

Additional net operating income = $18,000

Residual Income = $18,000 - ($100,000 * 15%)

= $18,000 - $15,000

= $3,000

Total residual income = $78,000 - ($400,000 * 15%)

= $78,000 - $60,000

= $18,000

Coronado Industries had 293000 shares of common stock issued and outstanding at December 31, 2020. No common stock was issued during 2021. On January 1, 2021, Coronado issued 200000 shares of nonconvertible preferred stock. During 2021, Coronado declared and paid $110000 cash dividends on the common stock and $79000 on the preferred stock. Net income for the year ended December 31, 2021 was $618000. What should be Coronado's 2021 earnings per common share

Answers

Answer:

$3.72

Explanation:

earnings per common share = earning attributable to holder of common stock ÷ weighted average number of common stocks outstanding

therefore,

earnings per common share = $3.72

You are the manager for a Pizza restaurant. Currently, your restaurant pre-makes pizzas that are ordered the most to increase the number of pizzas being made on time for your customers. Over time, many customers have complained that their pizzas were cold upon delivery and not fresh, requesting refunds or remakes of their pizza. Your location is losing money from these wasteful practices, therefore, you want to create a Kanban based on the following basic principles:

1. A later process tells an earlier process when new items are required. This means that unless a customer orders a pizza, no pizzas will be made. Pull!
2. The earlier process produces what the later process needs.
3. No Items can be made without a Kanban card (order request). This allows the process to be transparent so everyone knows what is going on.
4. Defects are not passed on to the next stage.Create a Kanban board for your pizza company that delivers. You must have 4-6 columns with headings for each.

Required:
Decide what your Kanban cards will represent. Set Rules for your Kanban.

Answers

Answer:

RULES OF KANBAN BOARD

Yellow – A Slice of Pizza

• Blue – Full Pizza

• Green – Soda

• Green jumps from Queue to Pack only

• No pizza will be delivered without quality check

• Pizza will return to the backlog, if it is found with inferior quality during quality check

• A unique token number will be given for each order

• Orders with multiple pizza or a combo order will be given same unique token number

• Pizza will be prepared in the order of token number

• Token number will include initials “C” for carry out, “D” for dine in

THE ATTACHED IMAGE HAS THE REPRESENTATIONS OF KANBAN CARDS.

Simon's most recent income statement is given below. Sales (8,000 units) $160,000 Less variable expenses (68,000) Contribution margin 92,000 Less fixed expenses (50,000) Net income $42,000 Required: a. Contribution margin per unit is b. If sales are doubled total variable costs will equal c. If sales are doubled total fixed costs will equal d. If 20 more units are sold, profits will increase by e. Compute how many units must be sold to break even. f. Compute how many units must be sold to achieve operating income of $60,000. g. Compute the revenue needed to achieve an after tax income of $30,000 given a tax rate of 30%.

Answers

Answer:

a. $11.50

b. $136,000

c. $50,000

d. $230

Explanation:

Contribution = sales - variable costs

Fixed costs do not vary with level of sales or production.

Which of the following is the second step in the hiring process?

Select the best answer choice.
A.
the submission of the application or resume

B.
the interview

C.
sending a thank-you note

D.
getting hired for the position

Answers

Answer:

B) The interview

Explanation:

The second step in the hiring process is to plan your employee recruitment. Recruitment planning meetings or emails identify the job description or specification for the position so you know the skills and experience you seek.

Hope I helped! Brainiest plz!♥

Have a nice morning!

-Abby

Before negotiating a long-term construction contract, build- ing contractors must carefully estimate the total cost of completing the project. Benzion Barlev of New York University proposed a model for total cost of a long-term contract based on the normal distribution(Journal of Business Finance and Accounting, July 1995). For one particular construction contract, Barlev assumed total cost, x, to be normally distributed with mean $850,000 and standard deviation $170,000. The revenue, R, promised to the contractor is $1,00,000.

Required:
a. The contract will be profitable if revenue exceeds total cost. What is the probability that the co ntract will be profitable for the contractor?
b. What is the probability that the project will result in a loss for the contractor?
c. Suppose the contractor has the opportunity to renegotiate the contract. What value of R should the contractor strive for in order to have a .99 probability of making a profit?

Answers

Answer:

Benzion Barlev of New York University

NEGOTIATION OF A LONG-TERM CONSTRUCTION CONTRACT

a. The probability that the contract will be profitable for the contractor is:

= 81%

b. The probability that the project will result in a loss for the contractor is:

= 19%

c. The value of R that the contractor should strive for in order to have a .99 probability of making a profit is:

= $1,246,100.

Explanation:

a) Data and Calculations:

Mean total cost (x) = $850,000

Standard deviation = $170,000

Revenue = $1,000,000

Probability of being profitable = (R - x)/std deviation

= ($1,000,000 - $850,000)/$170,000

= $150,000/$170,000

= 0.882

From Z table, 0.882 = 0.81057 = 81%

Probability of loss = 19% (100 - 81%)

To have a 99% (0.99) probability of making a profit, Z value = 2.33 from the Z table:

(R - x)/std deviation = 2.33

(R - x) = 2.33 * $170,000

= $396,100

(R - $850,000) = $396,100

R = $396,100 + $850,000

R = $1,246,100

Which of the following is a true statement?

(A) New products introduce risk into a portfolio as well as future potential profits.

(B) A company’s product portfolio is assured of success by adding new products.

(C) New products bring great rewards with little risk.

Answers

Answer:

I think it's C, New products bring great rewards with little risk

The correct option is (A) .As we know introducing a product is not that much fast and easy because it automatically contains greater risk in it.

What does the new product mainly contain?

Introducing a new product is the most important component of a product portfolio. As it contains greater risk but it also contains greater rewards too.

How can we explain it with a help of an example?

When a company launches new products it automatically contains the risk that if it would be opened in the market what would be the customer's reaction, whether a customer would like it or not. If the customer like the product risk would convert into a reward for the company and if not then it would get a loss to the company. This profit and loss to the company affect the portfolio the most.

Learn more about portfolio here: https://brainly.com/question/14213764

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Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:

Net income $5,135
Purchase of property, plant, and equipment 1,071
Borrowings under line of credit (bank) 1,117
Proceeds from issuance of stock 11
Cash received from customers 37,164
Payments to reduce long-term debt 46
Sale of marketable securities 219
Proceeds from sale of property and equipment 6,894
Dividends paid 277
Interest paid 90
Purchase of treasury stock (stock repurchase) 2,583

Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.)

Answers

Answer:

Cash flows from investing activities

Purchase of property, plant, and equipment (1,071)

Sale of marketable securities 219

Proceeds from sale of property and equipment 6,894

Net Cash from investing activities 6,042

Cash flows from financing activities

Borrowings under line of credit (bank) 1,117

Proceeds from issuance of stock 11

Payments to reduce long-term debt (46)

Dividends paid (277)

Purchase of treasury stock (stock repurchase) (2,583)

Net Cash used by financing activities

Explanation:

The cash flows from investing and financing activities sections of the cash flow statement are presented as above.

Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs

Answers

The question is incomplete. The complete Question is as follows,

Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget:

Units to be produced

October 4,500

November 4,750

December 5,200

A) 4,500 ounces

B) 13,575 ounces

C) 13,425 ounces

D) 4,525 ounces

Answer:

Purchases = 13575 ounces

Option B is the correct answer

Explanation:

To calculate the purchases of material for October, we first need to calculate the inventory needed to produce the desired number of units in October along with the desired ending inventory and adjust it for the available opening inventory at start of October.

Material available at Start - October = 10% * 4500 units * 3 ounces per unit Material available at Start - October = 1350 ounces

Material required at end - October = 10% * 4750 units * 3 ounces per unit

Material required at end - October = 1425 ounces

Material required to produce required units in October = 4500 * 3 = 13500

Production = Opening Inventory + Purchases - Closing Inventory

13500 = 1350 + Purchases - 1425

13500 + 1425 - 1350 = Purchases

Purchases = 13575 ounces

Danner Company expects to have a cash balance of $52,965 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $100,045, February $176,550. Payments for direct materials: January $58,850, February $88,275. Direct labor: January $35,310, February $52,965. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,717, February $29,425. These costs include depreciation of $1,765 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $17,655, February $23,540. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $14,124 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $29,425. The company wants to maintain a minimum monthly cash balance of $23,540.
Prepare a cash budget for January and February.

Answers

Answer:

Danner Company

Cash Budget for January and February

January February

Beginning balance $52,965 $32,367

Collections from customers 100,045 176,550

Sales of marketable securities 14,124

Cash available $167,134 $208,917

Payments:

Direct materials $58,850 $88,275

Direct labor 35,310 52,965

Manufacturing overhead 22,952 27,660

Selling & administrative expenses 17,655 23,540

Total payments $134,767 $192,440

Cash balance $32,367 $16,477

Required minimum balance 23,540 23,540

Excess (Needed) Financing $8,827 ($7,063)

Explanation:

a) Data and Calculations:

Expected January 1, 2017 Cash Balance = $52,965

January February

Collections from customers $100,045 $176,550

Sales of marketable securities 14,124

Payments:

Direct materials $58,850 $88,275

Direct labor 35,310 52,965

Manufacturing overhead 22,952 27,660

Selling & administrative expenses 17,655 23,540

Line of credit limit = $29,425

Required minimum cash balance = $23,540

If Congress wanted to help the economy out of a recession, they would be most likely to: check all that apply Group of answer choices increase transfer payments increase interest rates decrease taxes reduce government spending

Answers

Answer:

increase transfer payments

decrease taxes

Explanation:

A recession is when the GDP of a country for two consecutive quarters is negative

to help a country out of a recession, expansionary fiscal policies have to be undertaken

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

increasing interest rate is a monetary policy

Joint products A and B emerge from common processing costs of $100,000 and yield 2,000 units of Product A and 1,000 units of Product B. Product A can be sold for $100 per unit. Product B can be sold for $120 per unit. The amount of joint costs allocated to Product A (if joint costs are allocated on the basis of relative sales value) will be $ (rounded to nearest dollar).

Answers

Answer:

Product A - Joint Cost Allocated = $62500

Explanation:

To calculate the allocation of joint costs to Product A, we must first calculate the sales revenue or value for both products.

Total sales value - Product A = 100 * 2000 = $200000

Total sales value - Product B = 120 * 1000 = $120000

Total Sales Value = 200000 + 120000 = $320000

The amount of Joint costs that will be allocated to Product A will be,

Product A - Joint Cost Allocated = (200000 / 320000) * 100000

Product A - Joint Cost Allocated = $62500

On January 3, 2020, Hanna Corporation signed a lease on a machine for its manufacturing operation and the lease commences on the same date. The lease requires Hanna to make six annual lease payments of $12,000 with the first payment due December 31,2020. Hanna could have financed the machine by borrowing the purchase price at an interest rate of 7%. a. Prepare the journal entries that Hanna Corporation would make on January 3 and December 31, 2020, to record this lease assuming. i. the lease is reported as an operating lease. ii. the lease is reported as a finance lease. b. Post the journal entries of part a to the appropriate T-accounts. c. Show how the entries posted in part b would affect the financial statements using the financial statement effects template.

Answers

Answer:

Hanna Corporation

a. Journal entries that Hanna Corporation would make on January 3 and December 31, 2020 to record this lease assuming:

i. the lease is reported as an operating lease:

January 3, 2020: No journal entry

December 31, 2020:

Debit Lease Expense $12,000

Credit Cash $12,000

To record the payment for the operating lease.

ii. the lease is reported as a finance lease:

January 3, 2020:

Debit Right to Use Asset $57,198.48

Credit Lease Liability $57,198.48

To recognize the right to the leased asset and establish the related liability.

December 31, 2020:

Debit Lease Liability $7,996,11

Debit Interest Expense $4,003.89

Credit Cash $12,000

To record the payment for the lease liability and interest expense.

b. T-accounts;

Operating lease:

Cash Account