Answer:
Introduction of fuel-efficiency standard for cars
Answer:
the creation of fuel-efficiency standards for cars
Explanation:
the creation of fuel-efficiency standards for cars
the installation of satellite radio systems in some cars
the usage of multiple-year warranties to cover repairs
the production of hybrid models that conserve gasoline
Star Corp. has a rate of return on assets of 10% and a debt/equity ratio of 2 to 1 before entering into an operating lease as the lessee. Not including any indirect effects on earnings, when Star Corp. records the operating lease, the immediate impact on these ratios is a(an): Return on Assets Debt/Equity a. increase increase b. decrease decrease c. increase decrease d. decrease increase
Answer:
d. decrease increase
Explanation:
The formula for the return on asset is as follow
Return on Asset = Net income / Total Assets
As the asset value is increased as a result of lease entry, The return on asset ratio will decrease because there will be no change in net income.
As the debt of the company will increase
The formula for debt-equity ratio is as follow
Debt equity ratio = Total Debt / Total equity
As the debt will increase as a result of the lease and there will be no impact on the equity of the company. Hence, the debt-equity ratio will increase.
A firm currently produces 1000 units of output and has total costs of $15,000 and fixed cost of $3,000. What is the firm’s average variable costs?
I need help ASAP pleaseeee !!!
Explanation:
Explanation: The formula is ATC = AFC + AVC. Use this formula.
The following information is available for Oriole Company
Accounts receivable $3,000 Cash $6,300
Accounts payable 4,400 Supplies 3,880
Interest payable 610 Unearned service revenue 860
Salaries and wages expense 4,700 Salaries and wages payable 890
Notes payable 32,000 Depreciation expense 760
Common stock 57,200 Equipment (net) 109,600
Inventory 2,940
Required:
Using the information above, prepare a balance sheet as of December 31, 2022.
Answer and Explanation:
The preparation of the balance sheet is presented below:
Assets Amount
Accounts receivable $3,000
Cash $6,300
Supplies $3,880
Equipment (net) $109,600
Inventory $2,940
Total assets $125,720
Liabilities and stockholder equity Amount
Accounts payable $4,400
Interest payable $610
Unearned service revenue $860
Salaries and wages payable $890
Notes payable $32,000
Common stock $57,200
Retained earning (bal figu) $29,760
Total liabilities & stockholder equity $125,720
If the beginning balance in Firestone Auto Repair's inventory account was a $4,000 debit, what is the new balance in the inventory account after considering the new purchases?
Answer:
$9,870
Explanation:
The computation of the new balance in the inventory account after considering the new purchases is given below;
New balance is
= Beginning balance + value of the purchase.
where,
Value of the purchase = purchase cost + freight cost- purchase discount
= $6,000 + $170 - $300
= $5,870
So,
New balance is
= $4,000 + $5,870
= $9,870
Mary and Larry are purchasing a house for $198,000. They are making a down payment of $20,000, and they are approved for a conforming loan. How much should they expect to receive in seller help if the seller agrees to contribute the maximum amount
Answer:
$11,880
Explanation:
The computation of the amount that should be expected to recieve in seller is shown below:
The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%
So, the amount should be
= $6% of $198,000
= $11,880
Crane Company receives a $74,000, 5-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 6%.
Required:
What is the present value of the note received by Crane?
Answer: $70,882.98
Explanation:
Present value of note = Present value of interest payments + Present value of face value
Present value of interest payment:
First calculate the interest:
= 5% * 74,000
= $3,700
This amount is constant so is an annuity
Present value = 3,700 * Present value interest factor of annuity, 5 years, 6%
= 3,700 * 4.2124
= $15,585.88
Present value of face value :
= 74,000 / (1 + 6%)⁵
= $55,297.10
Present value of note:
= 15,585.88 + 55,297.10
= $70,882.98
Before you started applying for college, a job recruiter offered you a full-time cashier position at a department store, earning an after-tax salary of $21,000 per year. However, you turn down this offer and attend your first year of college. The additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $32,000. You decide to go to college, probably because:______.
A. You value a year of college at $22,000.B. You value a year id college of $34,000.C. You value a year of college less than $34,000.D. You value a year of college at more than $56,000.
Answer:
Option D (You value..........$56,000) is the right response.
Explanation:
The overall expenditure of taking part throughout the school for the very first year would be the amount of such loss of university income as well as extra cash.Whenever you anticipate receiving stronger employment wages from university education, therefore during the 1st year that you estimate upwards of expenditure of $53,000 for higher learning.Other options aren't linked to the specific circumstance. Thus, the response seems to be the right one.
The most important function of the Fed is to A. buy and sell government securities. B. collect taxes. C. provide a system for collecting and clearing checks. D. regulate the money supply.
Answer:
D. regulate the money supply.
Explanation:
The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America, which are commonly referred to as Federal Reserve District Bank.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
Additionally, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.
However, the most important function of the Fed is to regulate the money supply through the establishment of monetary policies.
Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank (Fed) uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.
Margaret Moore started her own consulting firm, Carla Vista Consulting, on May 1, 2020. The following transactions occurred during the month of May.
May:
1 Trixie invested $7,600 cash in the business.
2 Paid $950 for office rent for the month.
3 Purchased $600 of supplies on account.
5 Paid $160 to advertise in the County News.
9 Received $4,500 cash for services performed.
12 Withdrew $1,200 cash for personal use.
15 Performed $5,600 of services on account.
17 Paid $2,000 for employee salaries.
20 Made a partial payment of $400 for the supplies purchased on account on May 3.
23 Received a cash payment of $3,600 for services performed on account on May 15.
26 Borrowed $5,500 from the bank on a note payable.
29 Purchased equipment for $4,000 on account.
30 Paid $350 for utilities.
Required:
Show the effects of the previous transactions on the accounting equation.
Answer:
1. Equity will increase
2. Asset Decrease
3. Asset and liability increase
4. Asset decrease
5. Asset increase
6. Equity decrease
7. Asset increase
8. Asset decrease
9. Asset and liability decrease
10. No effect
11. Asset and liability increase
12. Asset increase
13. Asset decrease
Explanation:
Accounting equation reflects the impact on the business for every transaction. There are three main components of an accounting equation. Asset, Liabilities and Equity. If one component increase the other might increase, decrease or have no effect.
Asset = Liabilities + Capital
The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service:
Projected sales $24 million
Operating costs (not including depreciation) $7 million
Depreciation $4 million
Interest expense $3 million
The company faces a 40% tax rate. What is the project's operating cash flow for the first year (t=1)?
Answer:
$11.8 million
Explanation:
Particulars Amount
Sales $24 million
Less: Operating costs $7 million
Less: Depreciation $4 million
EBIT $13 million
Less: Tx at 40% on EBIT $5.2 million
Net income before interest $7.8 million
Add: Depreciation $4 million
Operating cash flow $11.8 million
On January 1, Power House Co. prepaid the annual rent of $19,000. Journalize this transaction.
Answer:
Date Account titles and explanation Debit Credit
Jan 1 Prepaid rent $19,000
Cash $19,000
(To record the prepaid the annual rent of $19,000)
Which mineral resource is used in chemical industry?
Answer:
Carbon feedstocks – oil, gas, coal, renewables, and CO2 – are the base of organic chemistry that creates about 90% of the value of the chemical industry. Some inorganic feedstocks are regarded as critical: Noble metals, some rare earth elements, indium, lithium, phosphate, etc.
Culler Construction Company agreed with the City of Orange Key to build a road. The project was to begin on December 1. One week after the work began, a hurricane struck the site, washing away so much land that the construction would be twice as expensive. As a result, Culler refused to continue the job, unless Orange Key paid a large sum in addition to the initial contract price. A promise by Orange Key to pay more than the original price is:_______
Answer: D. Enforceable because Culler encountered unforeseen difficulties.
Explanation:
Contractual obligations can be changed if one or both parties encounter unforeseen circumstances that would significantly alter their ability to fulfil their part of the contract.
In this scenario, Culler Construction would incur a significantly higher cost to carry out their side of the contract than what was agreed. The contract can therefore be changed and this change would be enforceable by law. The higher offer by Orange Key is therefore legal and enforceable.
Suppose that the total value of dividends to be paid by companies in the Narnian stock market index is $100 billion. Investors expect dividends to grow over the long term by 5% annually, and they require a 10% return. Now a collapse in the economy leads investors to revise their growth estimate down to 4%. By how much should market values change
Answer:
The correct answer is "16.67%".
Explanation:
Given:
Dividend,
= $100 billion
Rate of return,
= 10%
= 0.10
Growth rate,
= 5%
= 0.05
Now,
Market value will be:
= [tex]\frac{Dividend}{Rate \ of\ return-Growth \ rate}[/tex]
= [tex]\frac{100}{0.10-0.05}[/tex]
= [tex]\frac{100}{0.05}[/tex]
= [tex]2000 \ Billion[/tex] ($)
After collapse,
The market value will be:
= [tex]\frac{100}{(.10-.04)}[/tex]
= [tex]\frac{100}{.06}[/tex]
= [tex]1666.67[/tex] ($)
Change in market value will be:
= [tex]2000-1666.67[/tex]
= [tex]333.33 \ Billion[/tex] ($)
hence,
The percentage change in market value will be:
= [tex]\frac{333.33}{2000}[/tex]
= [tex]16.67[/tex]%
According to the basic Dividend Discount model, the value an investor should assign to a share of stock is dependent on the length of time he or she plans to hold the stock.Is the above statement True or False? Please Explain
Answer:
True
Explanation:
The above statement is true because the Dividend Discount model is based on the present value of the dividend payments that will be received over time. The longer the dividends are received, the higher the intrinsic value of the price of the stock will be when discounted to the present value. This model uses the discounted values or present values of dividends and the selling price to arrive at the stock's intrinsic value.
true or false
Macroeconomics deals with the behaviour of individual economic units.
Answer:
false. it deals with ecomonics as a whole. it's in the name dude
Answer:
False
Explanation:
Macroeconomics looks at the economy as a whole. It focuses on broad issues such as growth of production, the number of unemployed people, the inflationary increase in prices, government deficits, and levels of exports and imports.
Your company has earnings per share of $ 4.19. It has 1.9 million shares outstanding, each of which has a price of $59. You are thinking of buying TargetCo, which has earnings per share of $ 2.10, 1.9 million shares outstanding, and a price per share of $ 21.You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction. If companies in the same industry as TargetCo are trading at multiples of 12 timesearnings, what would be one estimate of an appropriate premium forTargetCo?
TargetCo has $2.10 in earnings, so if other companies in its industry are trading at 12 times earnings, then a starting point for a valuation of TargetCo in this transaction might be ________ pershare, implying a _________ premium
Answer:
If the current earnings per share of TargetCo. are $2.10, and the times earnings multiple is 12, the relative valuation should result in a $2.10 x 12 = $25.20 per stock. This means that the premium per stock = $25.20 - $21 = $4.20, and the total premium paid for all the 1.9 million shares = $7.98 million.
Bengal Co. provides the following sales forecast for the next three months: JulyAugustSeptember Sales units 8,500 9,200 5,950 The company wants to end each month with ending finished goods inventory equal to 20% of the next month's sales. Finished goods inventory on June 30 is 1,700 units. The budgeted production units for August are:
Answer:
Production= 8,550
Explanation:
Giving the following information:
Sales units 8,500 9,200 5,950
Desired ending inventory= 20% of the next month's sales.
To calculate the production for August, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 9,200 + (5,950*0.2) - (9,200*0.2)
Production= 9,200 + 1,190 - 1,840
Production= 8,550
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $300,000. The company can borrow $300,000 for three years at 12 percent annual interest or for one year at 10 percent annual interest. Assume interest is paid in full at the end of each year.
Required:
a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 8 percent rate?
b. Compare this to the 10 percent three-year loan. What if interest rates on the 8 percent loan go up to 13 percent in year 2 and 18 percent in year 3?
c. What would the total interest cost compared to the 10 percent, three-year loan?
Answer:
Explanation:
From the given information;
Suppose the interest rate is constant. then at 10% three-year loan;
The total interest at 10% will be:
= $300000 × 10% × 3years
= $90000
Aso, 8% one year loan with rollover will be total interest at 8%:
= $300000 × 8% × 3 years
= $72000
Savings in interest of Sauer Food Company = $(90000 - 72000)
= $18000
Suppose short-term rates change, then for the first year, we will have:
= 300000 × 0.1
= $30000
second year will be = 300000 × 0.13
=$39000
third year will be= 300000 × 0.18
=$54000
As such, the total rate of the variable loan = $30000 + $39000 + $54000
= $123000
However, the fixed rate at 10% three year loan is equal to = $90000
As such, the additional total interest cost = $(123000 - 90000)
= $33000
Diamond Boot Factory normally sells its specialty boots for $35 a pair. An offer to buy 110 boots for $29 per pair was made by an organization hosting a national event in Norfolk. The variable cost per boot is $13 and special stitching will add another $1 per pair to the cost. Determine the differential income or loss per pair of boots from selling to the organization. Enter the amount as a positive number. The Diamond Boot Company is operating at less than capacity and could accept the offer without disrupting normal operations. Differential per pair of boots from accepting the special order is $fill in the blank 2 .
Answer:
Since there is no loss occur from these sales and rather $15 per pair is profit from the sale of boots. So it should be accepted.
Explanation:
Now the calculation of differential income or loss per pair of boots from selling to the organization,
Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Total 0 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $570,000 396,000 90,000 36,000 18,000 30,000 Percent uncollectible 1% 2% 5% 7% 10% a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method.b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $3,600 credit.c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $100 debit.
Answer:
a) calculate the estimated balance of Allowance for Doubtful Accounts using the aging of accounts receivable method is $11,820.
b) The adjusting entry to record Bad Debts Expense using the estimate is $8220.
c) The adjusting entry to record bad debts expense using the estimate is $11,920.
Explanation:
2. Write the importance of professional education
Answer:
The aim of education is to make a person intelligent enough to make decisions logically, knowledgeable enough to take up a right career path and skilled enough to be self-supportive.Getting a professional education is important for shaping your career to move towards a right direction.Professional education educates the new generation of professionals, expanding the frontiers of knowledge and reaching out in service to society. Professional education is increasingly being called upon to play a significant role in the administration of new programs within continuing and new structures.
Explanation:
it is in paragraph but correct and brilliant
hope it help you...!
Professional education is basically an education that focuses on getting a profession or earning money from that specific skill or talent. It is necessary because financial security is necessary, doesn't matter what we do. We can spend years following our hobies or researching the subject of our interest, but professional education ensures that we are financially secure.
A corporation must obtain shareholder approval before the company a. hires or fires a significant number of employees. b. expands into foreign markets. c. sells off a major portion of its business to another company. d. opens additional offices.
Answer:
c. sells off a major portion of its business to another company.
Explanation:
The corporation that should obtain the approval of the shareholder prior when the business major portion is sell off to the another company as it is very crucial decision taken by the company. It cant be taken without the approval of the shareholder as they are the original investors of the company
So as per the given situation, the option c is correct
Decruitment is the planned elimination of ________ in an organization. A) jobs
B) managerial hierarchy C) cross-functional teams D) departments
Answer:
C) cross-functional teams
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, downsizing, decruiting, managing and improving the welfare and working conditions of the employees working in an organization.
A cross-functional team can be defined as a group that comprises of employees from different functional areas within an organization.
Decruitment is the planned elimination of cross-functional teams in an organization.
This ultimately implies that, decruitment is a method adopted by human resource managers to reduce the number of various employees (workforce) working in an organization.
Similarly, downsizing refers to the planned elimination of jobs (job positions) existing in an organization.
Checking accounts at a local bank carry an average balance of $3000. The bank turns over its balance 3 times a year. On average, how many dollars flow through the bank each month?
Answer:
75,000
Explanation:
I think? not shure
On the first day of its fiscal year, Chin Company issued $26,200,000 of five-year, 6% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 7%, resulting in Chin receiving cash of $25,110,559.
a. Journalize the entries to record the following:
1. Issuance of the bonds.
2. First semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment. Round your answer to the nearest dollar.
3. Second semiannual interest payment. The bond discount amortization is combined with the semiannual interest payment. Round your answer to the nearest dollar.
b. Determine the amount of the bond interest expense for the first year.
c. Explain why the company was able to issue the bonds for only $9,594,415 rather than for the face amount of $10,000,000.
Solution :
a. 1). Preparing the journal entry to record the issuance of bonds.
Date Account title Debit ($) Credit ($)
Jan 1 Cash 25,110,559
Discount on bonds payable 1,089,441
Bonds payable 26,200,000
a. 2). Preparing the journal entry to record the first semi annual interest payment.
Date Account title Debit ($) Credit ($)
Jun 30 Interest expense 390559
Discount on the bonds payable 108,945
Cash ($26,200,000 x 3%) 786,000
a.3). Preparing the journal entry to record the second semi-annually interest payment.
Date Account title Debit ($) Credit ($)
Dec 31 Interest expense 390,559
Discount on bonds payable 108,945
Cash 786,000
b). Determining the amount of bond interest expense for the 1st year.
Particulars Amount ($)
Interest expense ( 786,000 + 786,000 ) 1,572,000
Add : Discount amortized (108,945 + 108,945) 217,890
Interest expense (for the 1st year) 1,789,890
c). The company issued the bonds having face value of $26,200,000 for $25,110,559. That is the bonds are issued at a discount for $1,089,441. The bonds are issued at a discount as the market interest of the bonds are higher than the bonds coupon rate.
Based on the marginal principle, would it make sense to for a business to expand their hours of operation if they project $1,500 of additional revenue per week, however they also project increase expenses of $1,000 for salaries, $150 for utilities and $50 for misc. expenses. No, because they will lose $300 per week Yes, because they will net $300 per week Yes, because they will gain $1,500 of revenue per week No, because they will incur $1,200 of expenses per week.
Answer:
Yes, because they will net $300 per week
Explanation:
According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable
Marginal cost is the increase in cost as a result of increasing output by one unit.
total marginal cost = 1000 + 50 + 150 = 1200
Marginal revenue is the increase in revenue as a result of increasing output by one unit.
Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased
Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on December 31 of each year beginning December 31, 2021. The present value of the lease payments is $1,006,192. Francisco's incremental borrowing rate is 14% for this type of lease. The implicit rate of 12% is known by the lessee. What should be the balance in Francisco lease liability at December 31, 2022
Answer: $789855
Explanation:
Initial liability = $1,006,192
Less: Payment = $159,000
Liability = $847192
× Implicit rate 12%
Interest = 12% × $847192 = $101663
Then, reduced balance will be:
= Payment - Interest
= $159,000 - $101663
= $57337
Therefore, Francisco lease liability at December 31, 2022 will be:
= $847192 - $57337
= $789855
jacks immediate boss lets him set his own schedule, does not offer support or direction, and is generally hands-off. Jack's boss is following which of the following leadership philosophies?
Answer:
Laissez-faire
Explanation:
Leadership forms are often diverse depending on how the leaders or heads decide to run their team. The laissez-faire leadership stuole is one which is popular and categorized based on the the level of freedom afforded to team members. The laissez-faire leadership style is one which is very open such that decision making are usually left in the hands of team members and they are being afforded the chance and power to make decisions with very little oversight from the leader. This is similar to the leadership style portrayed by Jack's boss who leaves Jack to set his schedule and make decisions.
Select all statements that correctly describe business rules.
A. Some business rules allow the designer to understand the nature, role, and scope of the data.
B. Business rules define all applicable database constraints, no matter how detailed the constraint is.
C. Some business rules act as a communications tool between users and designers.
D. Some business rules help standardize an organization's view of data.
E. Business rules are by definition valid for all data for all time, so they are well suited for database design.
Answer:
The correct options are A, C, and D.
Explanation:
Business rules are helpful to all types of organizations, as they classify an organization's objective, they are a guide that specifies the running of business everyday activities as they clearly show every detail. Business rules provide the best approach to business operations. Business rules allow the designer to know the scope of the data, as the designer would get to know the data stored in the database. From the question above, It is also true that some business rules act as a communications tool between users and designers, as the users get to have an understanding of what is needed, and the designers would also get to know their own role. Business rules must be simplified for everyone in an organization so the rules could be interpreted by everyone, and be followed too.
