Which of the following statements about collaboration is not​ true? A. Business collaboration relies on the formation of teams that are assigned a specific task or goal. B. One business benefit of collaboration is improved innovation. C. In​ business, a collaboration can last as little as a few minutes. D. Successful collaboration can be achieved through technology regardless of the​ organization's culture or structure. E. Businesses need special systems for collaboration.

Answers

Answer 1

Answer:

The option "E" is most likely not true.

Explanation:

As shown in a previous answer, "Successful collaboration can be achieved through technology regardless of the organization's culture or structure". This answer is true. Showing how today bussiness can collaborate in person and digitally, answer E would not be true.

Answer 2

The false statement here is Successful collaboration can be achieved through technology regardless of the organization's culture or structure.

Business collaboration has to do with making purposeful connections, both internally & externally (with other firms and organization). Such purpose are in order to attain goals or solve problems by sharing diverse skill sets, abilities, and perspectives.

The effort of collaboration with expertise from different organisations and others partners in the network helps to innovate, grow and increase the competitiveness of such business.

In conclusion, successful collaboration cannot be achieved through technology because physical effort and meetings are need to rob minds on how to move the organisation forward.

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Related Questions

The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:Sales at $650,000, all for cash.Merchandise inventory on November 30 was $300,000.The cash balance at December 1 was $38,000.Selling and administrative expenses are budgeted at $120,000 for December and are paid in cash.Budgeted depreciation for December is $65,000.The planned merchandise inventory on December 31 is $330,000.The cost of goods sold is 70% of the sales price.All purchases are paid for in cash.There is no interest expense or income tax expense.The budgeted cash receipts for December are:

Answers

Answer:

See below

Explanation:

The budgeted cash disbursement for December are;

Beginning cash balance

$38,000

Sales

$650,000

Selling and admin

($120,000)

* Purchases (see calculation below)

($485,000)

Closing cash balance

$83,000

We will use the below to get purchases

Opening stock + Purchases - Closing stock = Cost of sales

Therefore,

$300,000 + Purchases - $330,000 = 70% × $650,000

Purchases = $455,000 + $330,000 - $300,000

Purchases = $485,000

The budgeted cash disbursement

= Purchases + Selling and admin

= $485,000 + $120,000

= $605,000

Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 8% with semiannual payments of $40, and a par value of $1,000. The price of each bond in the issue is $1,196.00. The bond issue is callable in 5 years at a call price of $1,080. What is the bond's current yield

Answers

Answer:

6.69%

Explanation:

Price of Ace products bond issue = $1,196

Annual coupon payment = $80

Current yield = Annual coupon payment / Bond price

Current yield = $80/$1,196

Current yield = 0.0668896

Current yield = 6.69%

Your friend currently works as an accountant at a public accounting firm in the small town of LaFontaine, Indiana. He is offered a job in Washington, D.C. for $60,000. Your friend calls you and tells you that he is excited about the new job offer, which gives him a raise from his current salary of $50,000. Based on your knowledge of economics, you think that:______

a. Your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.
b. Your friend has every reason to be excited because he will be getting paid.
c. Your friend has reason to be excited because in a bigger city he will häve more.
d. Your friend has no reason to be excited because higher pay implies more job 120% of what he used to be paid. things to do and his higher salary will allow him to spend on those activities.

Answers

Answer:

Correct option is (a)

Explanation:

Real income is the income after adjusting for inflation. Inflation is rise in general price of commodities. Here, friend was living in a small town. Cost of living as well as inflation is lower as compared to big city like Washington DC. Even though he is given a raise of $10,000 that is an increase in nominal income, his real income after adjusting inflation and cost of living would not rise by $10,000.

So, friend should not get excited to be moving to the city with higher pay as it will not make much of difference.

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.
FORTEN COMPANY
Comparative Balance Sheets
December 31
Current Year Prior Year
Assets
Cash $ 66,400 $ 84,500
Accounts receivable 82,380 61,625
Inventory 292,156 262,800
Prepaid expenses 1,320 2,115
Total current assets 442,256 411,040
Equipment 146,500 119,000
Accum. depreciation—Equipment (42,125) (51,500)
Total assets $ 546,631 $ 478,540
Liabilities and Equity
Accounts payable $ 64,141 $ 131,175
Short-term notes payable 13,300 8,200
Total current liabilities 77,441 139,375
Long-term notes payable 59,500 59,750
Total liabilities 136,941 199,125
Equity
Common stock, $5 par value 179,250 161,250
Paid-in capital in excess of par, common stock 54,000 0
Retained earnings 176,440 118,165
Total liabilities and equity $ 546,631 $ 478,540
FORTEN COMPANY
Income Statement
For Current Year Ended December 31
Sales $ 637,500
Cost of goods sold 296,000
Gross profit 341,500
Operating expenses
Depreciation expense $ 31,750
Other expenses 143,400 175,150
Other gains (losses)
Loss on sale of equipment (16,125)
Income before taxes 150,225
Income taxes expense 39,650
Net income $ 110,575
Additional Information on Current Year Transactions
The loss on the cash sale of equipment was $16,125 (details in b).
Sold equipment costing $79,875, with accumulated depreciation of $41,125, for $22,625 cash.
Purchased equipment costing $107,375 by paying $52,000 cash and signing a long-term note payable for the balance.
Borrowed $5,100 cash by signing a short-term note payable.
Paid $55,625 cash to reduce the long-term notes payable.
Issued 3,600 shares of common stock for $20 cash per share.
Declared and paid cash dividends of $52,300.
Required:
Prepare a complete statement of cash flows using a spreadsheet using the indirect method. (Enter all amounts as positive values.)

Answers

Answer:

Cash flow from all activities -$18,100

Cash at the beginning of the year $84,500

Cash at the end of year $66,400

Explanation:

Preparation of a complete statement of cash flows using a spreadsheet using the indirect method.

FORTEN COMPANY

Statement of Cash Flows

For the Year ended December 31

Cash Flow from Operating Activities:

Net Income $110,575

Adjustments to reconcile net income to cash flow from operating activities:

Depreciation $31,750

Loss on sale of Equipment $16,125

Increase in Accounts Receivables -$20,755

($61625 - $82380)

Increase in Inventory -$29,356

($262800-292156)

Decrease in Prepaid Expenses $795

($2115-1320)

Decrease In Accounts Payable -$67,034

($64141 - $131175)

Increase in Short term note payable $5,100

($13300-8200)

Total Adjustments -$63,375

Net Cash Flow From Operating Activities (A) $47,200

Cash Flow from Investing Activities:

Cash Received from sale of Equipment $22,625

Purchase of Equipment (In cash) -$52,000

Net Cash Flow From Investing Activities (B) -$29,375

($22,625-$52,000)

Cash Flow from Financing Activities:

Repayment of Long Term Note Payable -$55,625

Cash received from issue of common stock $72,000 (3600*$20)

Dividend paid -$52,300

Net Cash Flow From Financing Activities (C) -$35,925

Total Cash flow from all activities

(A+B+C) -$18,100

($47,200+-$29,375+-$35,925)

Cash at the beginning of the year $84,500

Cash at the end of year $66,400

($84,500-$18,100)

Therefore The complete statement of cash flows using a spreadsheet using the indirect method will be :

Cash flow from all activities -$18,100

Cash at the beginning of the year $84,500

Cash at the end of year $66,400

Correctly match the following with: export goods, import goods, export services, import services, investment income inflows, investment income outflows, transfer inflows, transfer outflows, capital inflows, and capital outflows.

Answers

Answer:

1. Import goods

2. Transfer outflow

3. Export services

This is what I know so far. Hope this helps.

Calgary Manufacturing company makes chairs and desks. The following costs were incurred in making its products during its first year of operation. Chairs Desks Total Direct Materials $ 8,500 $ 10,500 $ 19,000 Direct Labor 16,500 12,500 29,000 Also the company incurred $22,910 of employee benefits cost. Since these overhead costs are driven by the use of labor they are allocated to the products based on the direct labor dollars. Based on this information alone the total cost of making chairs is. (Do not round intermediate calculations.)

Answers

Answer: $38035

Explanation:

Firstly, the allocation rate per labor will be: = Allocated cost / Allocation base

= $22910 / $29000

= $0.79 per labor

Overhead cost allocated to chairs will be:

= $16500 x 0.79 = $13035

Overhead cost allocated to Desks will be:

= $12500 × 0.79 = $9875

The total cost of making chairs will then be:

= Material cost + Labor cost + Overhead cost

= $8500 + $16500 + $13035

= $38035

The Fabricating Department started the current month with a beginning Work in Process inventory of $10,900. During the month, it was assigned the following costs: direct materials, $76,900; direct labor, $24,900; and factory overhead, 70% of direct labor cost. Also, inventory with a cost of $113,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is: Group of answer choices $83,461. $196,961. $68,030. $16,630. $112,700.

Answers

Answer:

Ending Work in Process $16,630

Explanation:

The computation of the ending balance of the work in process inventory is shown below:

Beginning Work in process $10,900

Add: Manufacturing Costs  

Direct Materials $76,900

Direct Labor $24,900

Factory Overhead $17,430 (70% of $24,900)

Less: Cost of goods manufactured ($113,500)

Ending Work in Process $16,630

Media outlets often have websites that provide in-depth coverage of news and events. Portions of these websites are restricted to members who pay a monthly subscription to gain access to exclusive news and commentary. These websites typically offer a free trial period to introduce viewers to the website. Assume that during a recent fiscal year, one outlet spent $2,368,800 on a promotional campaign for its website that offered two free months of service for new subscribers. In addition, assume the following information:

Number of months an average new customer stays with the service (including the two free months) 22 months
Revenue per month per customer subscription $21
Variable cost per month per customer subscription $7

Determine the number of new customer accounts needed to break even on the cost of the promotional campaign. In forming your answer:

a. treat the cost of the promotional campaign as a fixed cost
b. treat the revenue less variable cost per account for the subscription period as the unit contribution margin.

Answers

Answer: 8,905 customers

Explanation:

Breakeven = Fixed cost / Contribution Margin

Fixed cost = $2,368,800

Contribution margin = Revenue - Variable cost

Revenue will be for 20 months because there were 2 free months:

= 21 * 20

= $420 per customer

Variable cost = 7 * 22

= $154

Contribution margin = 420 - 154

= $266

Breakeven = 2,368,800 / 266

= 8,905 customers

According to the theory of liquidity preferences, expanding the money supply will _____ nominal interest rates in the short run, and, according to the Fischer effect, expanding the money supply will _____ nominal interest rates in the long run. Group of answer choices increase; increase; increase; decrease decrease; increase decrease; decrease

Answers

Answer: decrease; increase

Explanation:

According to the Liquidity Preference theory, in the short run, increasing money supply will mean that there is more money in the economy which translates to more money for investment. This will lead to a decrease in interest rates as there are more sources of investment.

In the long run however, the Fischer effect shows interest will move with inflation. If money supply is expanded, it will lead to inflation in the long run because there will be more demand. This rise in inflation will cause interest rates to rise as well.

How does risk influence the rate of interest?

Answers

Answer:

Interest rate risk directly affects the values of fixed income securities. Since interest rates and bond prices are inversely related, the risk associated with a rise in interest rates causes bond prices to fall and vice versa. Interest rate risk affects the prices of bonds, and all bondholders face this type of risk.

Explanation:

Hope this helped Mark BRAINLEST!!

Marlin Corporation reported pretax book income of $1,001,000. During the current year, the net reserve for warranties increased by $25,200. In addition, book depreciation exceeded tax depreciation by $100,100. Finally, Marlin subtracted a dividends received deduction of $15,100 in computing its current year taxable income. Marlin's current income tax expense or benefit would be:

Answers

Answer:

$233,352

Explanation:

Calculation to determine what Marlin's current income tax expense or benefit would be:.

Marlin's current income tax expense =[($1,001,000 + $25,200 + $100,100 − $15,100)*21%]

Marlin's current income tax expense= $1,111,200 × 21%

Marlin's current income tax expense=$233,352

Therefore Marlin's current income tax expense or benefit would be:$233,352

Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Guardian Health Services Co. after the accounts had been adjusted on February 28, 20Y0, the end of the fiscal year: Depreciation Expense $15,600 Insurance Expense 7,640 Miscellaneous Expense 6,080 Rent Expense 63,000 Service Revenue 299,500 Supplies Expense 3,740 Utilities Expense 24,020 Wages Expense 235,600 Prepare an income statement. Use a minus sign to indicate a net loss.

Answers

Answer:

-$56,180

Explanation:

Preparation of an income statement

INCOME STATEMENT

Service revenue $299,500

Less Expenses:

Depreciation expense $15,600

Insurance expense $7,640

Miscellaneous expense $6,080

Rent expense $63,000

Supplies expense $3,740

Utilities expense $24,020

Wages expense $235,600

Total expenses $355,680

Net loss -$56,180

($299,500-$355,680)

Therefore the income statement balance will be -$56,180

You are the VP of Marketing at Stauffer Foods and you learn that the puddings packaged desserts line from General Foods (GF) is available for acquisition. This division produces successful products like Pudding Pops, Instant Pudding, and Pudding in a Cup. You make some of assumptions about this line. Which assumption would you not make

Answers

Answer: purchasing the line would bring immediate cash flow for Stauffer Foods

Explanation:

The options include:

a. purchasing the line would bring established distribution for Stauffer Foods.

b. purchasing the line would add equity value to Stauffer Foods.

c. All would be reasonable assumptions to make.

d. purchasing the line would bring immediate cash flow for Stauffer Foods

e. purchasing the line could create some difficulties in dealing with debt load.

The assumption that shouldn't be made is that purchasing the line would bring immediate cash flow for Stauffer Foods.

When a product is acquired, one should not expect immediate profit or cash flow instantly. Purchasing the line would not bring immediate cash flow for Stauffer Foods because it's a gradual process even though there may eventually be cash flow and profit in the long run.

All the other options that re given are correct, therefore the correct option is D.

Your family business produces a secret recipe salsa and distributes it through both smaller specialty stores and chain supermarkets. The chains have been demanding sizable discounts but you do not want to drop your prices to the specialty stores. When can you legally accommodate the chains without losing profits from the specialty stores

Answers

Answer:

We can make the chain supermarkets buy goods in bulk.

Explanation:

In the given scenario the chain supermarkets have been demanding heavy discounts on goods that you are selling to them.

Also you do not want the eventual price to the speciality stores to drop.

The solution will be to sell products in bulk to the chain supermarkets. This will meet their demand for larger discounts as price per unit of product will be lower with bulk purchase.

Then the speciality stores can still buy in small quantities for higher price.

This will accommodate the requirements from both stores.

The decisions of a mediator are?

Answers

Not mutually binding

Michelle operates several food trucks. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction in each of the following situations.

a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $215 for speeding plus $170 for legal advice in connection with the ticket.
b. Michelle paid $865 to reserve a parking place for her food truck for the fall football season outside the local football arena. Michelle also paid $210 for tickets to a game for her children.
c. Michelle provided a candidate with free advertising painted on her truck during the candidate's campaign for city council. Michelle paid $960 to have the ad prepared and an additional $660 to have the ad removed from the truck after the candidate lost the election.

Answers

Answer:

a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $215 for speeding plus $170 for legal advice in connection with the ticket.

Speeding tickets and fines cannot be deducted as business expenses. But Michelle can deduct all legal expenses.

b. Michelle paid $865 to reserve a parking place for her food truck for the fall football season outside the local football arena. Michelle also paid $210 for tickets to a game for her children.

Michelle can deduct the $865 paid for the space outside the football field, but she cannot deduct the tickets (personal expenses).

c. Michelle provided a candidate with free advertising painted on her truck during the candidate's campaign for city council. Michelle paid $960 to have the ad prepared and an additional $660 to have the ad removed from the truck after the candidate lost the election.

Political donations are not deductible as business expenses.

Example suppose in a country there were 1,00,000,000 total populations ,8,000,000 people were unemployed and 72,000,000 were held jobs . calculate,I.The national employment rate? II.National unemployment rate ?​

Answers

Explanation:

National employment rate=72%

72,000,000/1,00,000,000

National unemployment rate=0.08% =8%

8,000,000/1,00,000,000

As per the given data-

The national employment rate is 72%

The National unemployment rate will be 8%

What is unemployment?

Situation of unemployment refers to the situation when there is a lack of job opportunities and more qualified individuals or candidates seeking job opportunities with their willingness.

The national employment rate helps individuals to know the ratio of employment in the country whereas the national unemployment rate helps to determine the rate of unemployed in the country.

Calculation-

I. The national employment rate

= (employed people / total populations)*100

= (72000,000/ 1,00,000,000)*100

= 72%

II.  National unemployment rate

= (unemployed persons/number of persons in the labor force)*100

=(8,000,000 / 1,00,000,000)*100

=8%

Therefore, the rate of employment is 72% whereas the unemployment rate is 8%.

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All materials are added at the start of production. Refer to Keyser Corporation. Assume that the cost per EUP for material and conversion are $1.75 and $4.55, respectively. What is the cost assigned to ending Work in Process

Answers

Answer:

The cost assigned to ending Work in Process explanations only.

Explanation:

Hi your question is incomplete, I tried to look for it online but I could not find it.

Here are some explanations and steps you need to consider to answer this question.

The cost assigned to ending Work in Process :

Ending Work in Process usually have different number of equivalent units of production with respect to materials and conversion cost depending on the percentage of work completed for materials and conversion during the production process.

Step 1

So the first step is to calculate the equivalent units of production of  Ending Ending work in process for Materials and Conversion costs.

Equivalent units of production = Physical units x Percentage completion (Materials / Conversion).

Step 2

The next step would be to calculate the cost assigned to ending Work in Process.

Equivalent units in materials are multiplied against Cost per Equivalent Unit) EUP for materials ($1.75 ) so is the Equivalent units in conversion costs against Cost per Equivalent Unit) EUP for conversion ($1.75). The total of the two amounts is the cost assigned to ending Work in Process.

Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, whiclh pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 160,000 items were shipped to customers using 6,500 direct labor-hours. The company incurred a total of $20,800 in variable overhead costs.
According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.25 per direct labor-hour
Required:
1. What is the standard labor-hours allowed (SH) to ship 160,000 items to customers?
2. What is the standard variable overhead cost allowed (SH x SR) to ship 160,000 items to customers?
3. What is the variable overhead spending variance?
4. What is the variable overhead rate variance and the variable overhead efficiency variance?
(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.)
1. Standard quantity of labor-hours allowed
2. Standard variable overhead cost allowed
3. Variable overhead spending variance
4. Variable overhead rate variance
Variable overhead efficiency variance

Answers

Answer:

1. Standard quantity of labor-hours allowed 4,800

2. Standard variable overhead cost allowed $15,600

3. Variable overhead spending variance 5,200 U

4. Variable overhead rate variance 325 F

5.Variable overhead efficiency variance 5,525 U

Explanation:

1. Calculation for Standard quantity of labor-hours allowed

Standard quantity of labor-hours allowed = 160,000*0.03

Standard quantity of labor-hours allowed= 4,800

Therefore Standard quantity of labor-hours allowed is 4,800

2. Calculatuon for Standard variable overhead cost allowed

Standard variable overhead cost allowed= 4,800*$3.25

Standard variable overhead cost allowed = $15,600

Therefore the Standard variable overhead cost allowed is $15,600

3. Calculation for Variable overhead spending variance

Variable overhead spending variance = $15,600 - $20,800

Variable overhead spending variance = 5,200 U

Therefore the Variable overhead spending variance is 5,200 U

4. Calculation for Variable overhead rate variance

Variable overhead rate variance= ($3.25 - $20,800/6,500)*6,500

Variable overhead rate variance=($3.25-$3.2)*6,500

Variable overhead rate variance= 325 F

Therefore The Variable overhead rate variance= 325 F

5. Calculation for Variable overhead efficiency variance

Variable overhead efficiency variance= (4,800-6,500)*3.25

Variable overhead efficiency variance = 1,700*3.25

Variable overhead efficiency variance= 5,525

Therefore the Variable overhead efficiency variance is 5,525 U

What is an easement? What is it called when an easement is obtained against the consent of the landowner? What type of easement can be created by two adjacent landowners where one of them is “landlocked” by the other landowner?

Answers

Answer:

1. An easement is the right given to a person by law to utilize a particular part of another person's land.

2. When an easement is obtained against the consent of the landowner it is known as Prescriptive easement.

3. An easement that is created by two adjacent landowners where one is landlocked by the other landowner is called Easement appurtenant.

Explanation:

An easement is the lawful right of a person to use another person's property. Ingress, egress, and drainage are common reasons why an easement might be needed. When a piece of land does not have access to a roadway, then an easement might be required.

Prescriptive easement occurs when a land has been used by another person who is not the legal owner for up to twenty years without the consent/knowledge of the original owner of the land.

Easement appurtenant occurs for example when a person cannot access his own land with passing through another person's land. An easement by necessity can be created in such situations to solve the problem.

4. Between January 2012 and January 2019, U.S. employment
increased by 17.3 million workers, but the number of
unemployed workers declined by only 6.3 million. How are
these numbers consistent with each other? Why might one
expect a reduction in the number of people counted as
unemployed to be smaller than the increase in the number of
people employed?

Answers

Answer:

The fact that employment increased by 12.1 million workers while unemployment declined by only 7.3 million is consistent with the growth of the labor force by 4.8 million.

Explanation:

The fact that employment increased by 12.1 million workers while unemployment declined by only 7.3 million is consistent with the growth of the labor force by 4.8 million. One might expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people employed because the labor force constantly increases as the population grows, and as the labor-force participation rate increases, the increase in employed might exceed the reduction in the number of unemployed.

From 1948 to 2022, the employment rate in the United States was around 59.22 % on average, the topic is further explained below.

What is the high rate of employment in the United States?

From 1948 to 2022, the employment rate in the United States was around 59.22 % on average, with a high of 64.70 percent in April 2000 and a low of 51.30 percent in April 2020.

Employment increased by 12.1 million workers while unemployment decreased by only 7.3 million, corresponding to a 4.8 million increase in the labor force. One might expect a decrease in the number of unemployed people to be smaller than an increase in the number of employed people because the labor force is constantly increasing as the population grows.

And as the labor-force participation rate rises, the increase in employed people may outnumber the decrease in the number of unemployed people.

Therefore, the above statement explains employment in the United States.

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Which of the following refers to duties imposed by a government on imported goods?
A subsidies
B rounds
C tariffs
D quotas

Answers

The best answer to go with is b

American Chemical Company manufactures a chemical compound that is sold for $57 per gallon. A new variant of the chemical has been discovered, and if the basic compound were processed into the new variant, the selling price would be $81 per gallon. American expects the market for the new compound variant to be 8,100 gallons initially and determines that processing costs to refine the basic compound into the new variant would be $162,000. Required: a. What would be the effect on total profit if American produces the new compound variant

Answers

Answer:

Effect on income= $32,400 increase

Explanation:

Giving the following information:

Difference in selling price= 81 - 57= $24

Number of units= 8,100

Increase in costs= $162,000

To calculate the effect on income, we need to use the following formula:

Effect on income= Increase in revenue - increase in costs

Effect on income= 24*8,100 - 162,000

Effect on income= $32,400 increase

On October 1, 2021, Sonoma Company leased equipment from Napa Inc. in lease payable in five equal annual payments of $400,000, beginning Oct 1, 2022. Similar transactions have carried an 11% interest rate. The right-of-use asset would be recorded at: _________

Answers

Answer:

$1,478,360

Explanation:

Calculation for what The right-of-use asset would be recorded at:

PV ordinary annuity of $1: n = 5; i = 11%

PV ordinary annuity = $400,000 × 3.69590

PV ordinary annuity = $1,478,360

Therefore right-of-use asset would be recorded at:$1,478,360

Quark Inc. just began business and made the following four inventory purchases in June: June 1 150 units $ 825 June 10 200 units 1,120 June 15 200 units 1,140 June 28 150 units 885 $3,970 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is

Answers

Answer:

$1,170

Explanation:

The amount allocated to ending inventory for June using FIFO inventory method is computed as;

= $885 + [($1,140 ÷ 200) × (200 - 150]

= $88 5 + ($5.7 × 50)

= $885 + $285

= $1,170

Information from the records of the Abel Corporation for July 2018 was as follows:
Sales $1,230,000
Selling and administrative expenses 210,000
Direct materials used 264,000
Direct labor 300,000
Factory overhead * 405,000
*variable overhead is $205,000, fixed overhead is $200,000
Inventories
July 1, 2018 July 31, 2018
Direct materials $36,000 $42,000
Work in process 75,000 84,000
Finished goods 69,000 57,000
The total product cost is:_______.
a. $969,000
b. $1,179,000
c. $764,000
d. $615,000

Answers

Answer:

a. $969,000

Explanation:

Calculation for what The total product cost is

TOTAL PRODUCT COST

Direct Material Used $264,000

Direct Labor $300,000

Factory Overhead $405,000

Total Product Cost $ 969,000

($264,000+$300,000+$405,000)

Therefore The total product cost is $ 969,000

A stock index currently stands at 280. The risk-free interest rate is 10% per annum (with semiannual compounding) and the dividend yield on the index is 5% per annum (continuously compounded). The futures price for a six-month contract is closest to the which of following value:________

a. $235.07
b. $287.09
c. $277.11
d. $340.21

Answers

Answer:

b. $287.09

Explanation:

The computation of the future price of a six month contract is shown below;

Given that

Current stock index = 280

Risk free rate = 10% or 0.10

Dividend yield = 5% or 0.05

Periods (n) = 6 months or 0.5 year

now

Futures price = Current stock index × e^(risk free rate - dividend yield) × n

= 280 × e^(0.10 - 0.05) × 0.5

= 280 × e^(0.05) × 0.5

= 280 × e^(0.025)

= 280 × 1.025315

= $287.09

Use Annual Cost Analysis to determine whether Alternative A or B should be chosen. The analysis period is 5 years. Assume an interest rate of 6% per year, compounded annually Alternative A Alternative B Initial Cost 2800 6580 Annual Benefit 450 940 Salvage Value 500 1375 Useful Life (yrs) 5 5 Group of answer choices Alternative A should be chosen, because its initial cost is lower than Alternative B's Alternative A should be chosen, because its equivalent annual cost is $252.15 lower than Alternative B's Alternative B should be chosen, because its annual benefit is higher than Alternative A's Alternative B should be chosen, because its equivalent annual cost is $252.15 higher than Alternative A's

Answers

Answer:

A should be chosen, because its equivalent annual cost is $252.15 lower than Alternative B's.

Explanation:

a) Data and Calculations:

Interest rate = 6% per year

                       Alternative A      Alternative B

Initial Cost             2800                 6580

Annual Benefit        450                   940

Salvage Value        500                  1375

Useful Life (yrs)        5                        5

Annuity factor = 4.212 for 5 years at 6%.

Present value factor = 0.747 for 5 years at 6%.

                              Alternative A      Alternative B

Present value of

 annual benefits       $1,895.40       $3,959.28

PV of salvage value       373.50           1,027.12

Total present value

of benefits               $2,268.90       $4,986.40

Initial Cost                  2,800               6,580

Net present value       $531.10        $1,593.60

The equivalent annual cost

= NPV/PV annuity factor

                             ($531.10/4.212)   ($1,593.60/4.212)

Equivalent annual cost $126.09      $378.35

Difference:

Alternative B = $378.35

Alternative A = $126.09

Difference =    $252.26

In its income statement for the year ended December 31, 2022, Pharoah Company reported the following condensed data. Salaries and wages expenses $595,200 Loss on disposal of plant assets $106,880 Cost of goods sold 1,263,360 Sales revenue 2,828,800 Interest expense 85,200 Income tax expense 32,000 Interest revenue 83,200 Sales discounts 204,800 Depreciation expense 396,800 Utilities expense 140,800
Prepare a multiple-step income statement. (List other revenues before other expenses.)
Pharoah Company
Income Statement

Answers

Answer:

Net income is $86,960.

Explanation:

A multi-step income statement is an income statement which dsplayes th gross profit and the detailed of each category of expenses and incomes to arrive at a company's net income for a particular period.

A multi-step income statement can be prepared as follows:

Pharoah Company

Income statement

For the year ended December 31, 2022

Details                                                                $          

Sales revenue                                          2,828,800

Sales discounts                                        (204,800)  

Net sales revenue                                   2,624,000

Cost of goods sold                                 (1,263,360)  

Gross profit                                              1,360,640

Operating expenses:

Salaries and wages expenses                (595,200)

Depreciation expense                             (396,800)

Utilities expense                                       (140,800)  

Operating income                                      227,840

Other income (loss):

Loss on disposal of plant assets             (106,880)

Interest income (expense):

Interest expense                                        (85,200)

Interest revenue                                          83,200  

Income before tax                                      118,960

Income tax expense                                 (32,000)  

Net income                                                 86,960    

The __________ reflects the ups and downs of the nation’s real GDP.
A.
business cycle
B.
inflation rate
C.
consumer price index
D.
unemployment rate


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

Business cycle

Explanation:

The business cycle also refers to as the rise and fall of economic activity through periods of expansion and recession.

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