Answer:
Dr Building $338,000
Cr Cash $58,000
Cr Notes Payable $280,000
Explanation:
Preparation of the journal entry to Record the purchase of the building on January 1, 2021.
Based on the information given we were told that Gundy purchases an office building for the amount of $338,000 which means that if they paid $58,000 down and as well borrowed the remaining amount of $280,000 the journal entry to Record the purchase of the building on January 1, 2021 will be :
Dr Building $338,000
Cr Cash $58,000
Cr Notes Payable $280,000
(Being purchase of building)
Kyle is applying to be a police officer. In his interview, he describes that he loves watching the news and following current cases. He explains that he is honest, caring, compassionate, and has a very deep sense of integrity. He then explains that he is in excellent physical condition and trains regularly in hand-to-hand combat. He tells them that he is a member of the Police Explorers, a group that trains and rides along with the local police. He also tells them that he graduated at the top of his class and was a state finalist on the mock trial team.
Answer:
The answer is the last table, option D.
Explanation:
In the table, Kyle's personal interests are following current cases, and his values are listed as honest, caring, compassionate, and integrity. His skills are physical conditioning, and training regularly. His achievements are good grades and being a state finalist on a mock trial team. He has experience in being an explorer. I took the test on Edgeunity and got the correct answer.
Answer:
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
Explanation:
The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machine. Date concerning those products appear below.
WX KD FS
Selling price per unit $335.20 $228.48 $199.23
Variable cost per unit $259.22 $173.04 $159.57
Minutes on the constraint 7.70 4.50 5.70
Assume that sufficient time is available on the constrained machine to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource? Round intermediate calculations to 2 decimal places.
a. $75.98 per minute
b. $6.96 per minute
c. $39.66 per minute
d. $12.32 per minute
Answer:
the least profitable is $39.66 per unit or 9.72 per minute
Explanation:
The computation is shown below:
The Price Per Unit for WX is
= $355.20 - $259.22
= $95.98
Price Per Unit for KD is
= $228.48 - $173.04
= $55.44
And, the Price Per Unit for FS is
= $199.23 - $159.57
= $39.66
Now
Price per Minute for WX is
= $95.98 ÷ 7.70
= 12.46
Price Per Minute for KD is
= $55.44 ÷ 4.50
= 12.32
And, Price Per Minute for FS is
= $55.44 ÷ 5.70
= 9.72
So here the least profitable is $39.66 per unit or 9.72 per minute
This is the answer but the same is not provided
Strategic thinking builds on the intellectual ______and elements of ______ proposed by Paul and Elder (2012).
Answer:
standards; reason
Explanation:
Indeed, according to the academic work by Paul and Elder. They proposed the view that strategic thinking builds on intellectual standards and elements of reason.
The intellectual standards refer to efficient quality standards that enable one to maintain quality results. The intellectual standards include clarity, accuracy, to mention but a few.
While the elements of reason consist of eight core elements we may use to brainstorm new ideas. They include;
purposeattemptassumption. the point of viewdata, information, and evidenceconcepts and ideasinferences and interpretationsimplications and consequencesCullumber Company bought equipment for $150000 on January 1, 2021. Cullumber estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Cullumber decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2022?
a. $30000
b. $12000
c. $24000
d. $20000
Answer:
Annual depreciation 2022= $24,000
Explanation:
Giving the following information:
Purchase price= $150,000
Useful life= 5 years
Salvage value= $0
First, we need to calculate the annual depreciation for 2021:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (150,000 - 0) / 5
Annual depreciation= $30,000
Now, the revised depreciation:
Annual depreciation= (150,000 - 30,000) / 5
Annual depreciation= $24,000
We divide by 5 years because one year has passed.
Data for Corporation and its two divisions, Domestic and Foreign, appear below:
Sales revenues, Domestic $541,000
Variable expenses, Domestic $314,000
Traceable fixed expenses, Domestic $64,800
Sales revenues, Foreign $418,300
Variable expenses, Foreign $238,700
Traceable fixed expenses, Foreign $54,200
In addition, common fixed expenses totaled $146,900 and were allocated as follows: $76,300 to the Domestic division and $70,600 to the Foreign division.
Required:
What is the segment margin for the Domestic division?
Answer:
the segment margin for the Domestic division is $162,200
Explanation:
The computation of the segment margin is as follows:
Segment Margin is
= Sales Revenues, Domestic - Variable Expenses, Domestic - Traceable Fixed Expenses, Domestic
= $541,000 - $314,000 - $64,800
= $162,200
Hence, the segment margin for the Domestic division is $162,200
A real estate agent would like to predict the selling price of a single-family house by predicting the price (in thousands of dollars) based on the square footage (in 100 square feet). Predict the price of a 3000 square foot house (in thousands of dollars).
Answer: 134.7088 (thousands of dollars)
Explanation:
This can be solved with a regression equation based on the details in the question.
y being the price of the house.
x as the independent variable is given as 3.8785
c as the intercept is given as 18.3538
The equation s;
y = 3.8785x + 18.3538
x will be 30 because the variables are based on 100 square feet so, 3,000/100 = 30
y = 3.8785 *(30) + 18.3538
= $134.7088 (thousands of dollars)
= $134,708.80
Bonita Industries issues 6800 shares of its $5 par value common stock having a fair value of $30 per share and 9800 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $311000. The proceeds allocated to the common stock is
Answer:
$158,610
Explanation:
The computation of the proceeds allocated to the common stock is as follows:
The fair value of the common stock is
= 6,800 shares × $30 per share
= $204,000
And, the fair value of the preferred stock is
= 9,800 shares × $20 per share
= $196,000
Now the percentage of the preferred stock is
= ($204,000) ÷ ($204,000 + $196,000)
= 51%
The lumpsum amount is $311,000
So, the amount that allocated to the common stock is
= $311,000 × 51%
= $158,610
A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the three locations given the following information:
Memphis Beloxi Birmingham
Annual costs for building, equipment, and administration $40,000 $60,000 $100,000
Labor and materials are expected to be (per unit) $8 $4 $5
Increase system transportation costs (per year), Expected annual volume is 10,000 units. $50,000 $60,000 $25,000
Answer and Explanation:
The computation of the total cost under each locations is as follows:
The total cost of Memhpis is
= $40,000 + (10,000 units × $8) + $50,000
= $40,000 + $80,000 + $50,000
= $170,000
The total cost of Biloxi is
= $60,000 + (10,000 units × $4) + $60,000
= $60,000 + $40,000 + $60,000
= $160,000
And, the total cost of Birmingham is
= $100,000 + (10,000 units × $5) + $25,000
= $100,000 + $50,000 + $25,000
= $175,000
Suppose your PV for a project was $100,000 and your EV was $70,000. Your SPI for this project would be
Answer:
Schedule performance index = 0.7
Explanation:
Schedule performance index = EV / PV
Schedule performance index = $70,000 / $100,000
Schedule performance index = 0.7
The Schedule performance index is less than 1 and this indicates that the project performance is unfavorable and behind the schedule for completion .
SPI = 1 (Project on schedule), SPI<1 (Project behind the schedule).
Suppose you deposit $1,500.00 into your savings account that pays you 25.00% interest. After one year, you will have $ in your account (round your answer to two decimal places).
Answer:
the amount after the one year is $1,875
Explanation:
The computation of the amount after the one year is shown below;
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $1,500 × (1 + 0.25)^1
= $1,500 × 1.25
= $1,875
Hence, the amount after the one year is $1,875
It could be determined by applying the above formula
As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly operation to achieve an output of 260 units per 8-hour day. Task times and precedence relationships are as follows:
Task Duration (minutes) Immediate Predecessor
a 0.5 -
b 0.6 a
c 0.2 b
d 0.3 -
e 1.7 d
f 1.8 c
g 1.9 e, f
Do each of the following:
a. Draw the precedence diagram.
b. Determine the minimum cycle time, the maximum cycle time, and the calculated cycle time.
c. Determine the minimum number of stations needed.
d. Assign tasks to workstations on the basis of greatest number of following tasks. Use longest processing time as a tiebreaker. If ties still exist, assume indifference in choice.
e. Compute the percentage of idle time for the assignment in part d.
Answer:
a. Attached in the attachment
b.
1.Minimum Cycle Time = 1.9 minutes
2.Maximum Cycle Time = 7 minutes
3.Calculated Cycle Time = 1.84 minutes
c. Number of minimum Stations = 4
d. Attached in the attachment
e. Idle % = 5.70 %
Explanation:
This problem is very interesting and really simple to solve. Just to have some basic definitions to remember.
We are told to calculate all the questions while keeping in mind the operation time = 8 hours = 8x60 minutes = 480 minutes. And required output units = 260 units/day.
First of all, we are asked to calculate the precedence graph for the data given.
a. NOTE:
Solution of a, which is the precedence graph is attached below in the attachment.
Secondly, we are asked to calculate:
1. Minimum Cycle Time
2. Maximum Cycle Time
3. Calculated Cycle Time
So,
b.
1. In order to calculate the minimum cycle time, we need to see the maximum task duration in the data given.
Minimum Cycle Time = Maximum task duration
Minimum Cycle Time = 1.9 minutes
2. In order to calculate the maximum cycle time, we need to see all the task times and add all of them together.
Maximum Cycle Time = ∑ (Task Times)
Maximum Cycle Time = 0.5+ 0.6+ 0.2+ 0.3+ 1.7+ 1.8+ 1.9
Maximum Cycle Time = 7 minutes
3. In order to calculate the calculated cycle time, we need to plug in the values into the following formula:
Calculated Cycle Time = Operational Time / Output (No. of required units per day)
Calculated Cycle Time = 480/260
Calculated Cycle Time = 1.84 minutes
Thirdly, we are asked to calculate the minimum number of stations needed.
c. In order to calculated the minimum number of stations, we need to apply the following formula:
Number of minimum Stations = Sum of all task times / Minimum Cycle Time
Number of minimum Stations = 7 minutes / 1.9 minutes
Number of minimum Stations = 3.68 ≈ 4 Stations
Number of minimum Stations = 4
Fourthly, we are asked to assign tasks to workstations on the basis of greatest number of following tasks.
d. NOTE: Assigning task has been tabulated and attached in the attachment to this answer. Please refer to the attachment for this.
Finally, we are asked to calculated the idle percentage.
e. In order to calculated the idle percentage, we need to apply the following formula:
idle percentage = Total Idle time/ (Calculated Cycle Time x No. of stations)
Total Idle time = 0.42
Idle % = 0.42/(1.84x4)
Idle % = 5.70 %
Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True
Answer:
False
Explanation:
In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.
Thus, the weekly benefits are not included in this and the above statement is incorrect.
Suppose autonomous consumption is 550; there are no taxes; planned investment is 200; government spending is 250; exports are 100; and imports are 300. If equilibrium GDP is $8,000, what is the marginal propensity to consume?
Answer:
The marginal propensity to consume is 0.6
Explanation:
The computation of the marginal propensity to consume is shown below
Given that
Autonomous consumption = 550 = C
Planned investment = 200 = I
Government spending = 250 = G
Exports = 100 = X
Imports = 300 = M
Equilibrium level of GDP = $8,000 = Y
Now as we know that
The equation for aggregate demand is
Y = C + I + G +( X- M)
$8,000 = [550 + b × $8,000] + 200 + 250 + [100 - 300]
7,200 = 8,000b
b = 0.9
Hence, The marginal propensity to consume is 0.6
the sales associate sherri receives an offer to purchase a listed property which is accompanied by a post-dated check, what should she do?
Answer: Immediately give the check to her employee broker
Explanation:
A broker is a person or firm that works between an investor and a stock exchange as an intermediary,
On behalf of a customer, discount brokers conduct transactions, but usually don't offer trading advice. Execution services as well as personalized investment advice and strategies are offered by full-service brokers.
Sally is a channel manager for the Carolina Bee Company, which offers bee
pollination services to orchard growers and farmers. The company acquired a
smaller bee business and is integrating it into the company's current
distribution channel process. Which areas of the distribution flow are critical
for Sally to address with this new business integration?
O product, negotiation, ownership, information, and promotion
o service, negotiation, information, promotion, and profit
O product, ownership, information, cash and redundancy
Previous
Next
Answer:
it might be B but I'm not sure
Jason works part-time at a grocery store after school. Jason has worked at the store for two years but still hasn't received a wage increase, even though newer employees have received raises. Jason has threatened his employer with a lawsuit if he doesn't get a raise in the next few weeks. Jason believes he is a victim of labor-market discrimination. Which of the following statements would strengthen Jason's case against his employer?
a. Jason works harder than the other employees
b. Jason may choose to do the talks other workers find undesirable
c. Jason's amiable personality allows him to work well with his co-worker
d. None of the above is correct.
Answer:
a. Jason works harder than the other employees
Explanation:
In this scenario, the statement that would strengthen Jason's case would be that he works harder than the other employees. If Jason is able to provide proof of this then that would indicate that effort and work-efficiency is not the reason for Jason not receiving a wage increase. This would mean that the reason is either personal or superficial which are all labor-market discrimination. Therefore, if Jason can prove that he does actually work harder than the other employees it would drastically increase his chances of winning the court case against his employer.
On January 1, 2020, Franel Co. acquired all of the common stock of Hurlem Corp.For 2020, Hurlem earned net income of $360,000 and paid dividends of $190,000.Amortization of the patent allocation that was included in the acquisition was $6,000. How much difference would there have been in Franel's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping
Answer:
$6,000
Explanation:
Calculation for How much difference would there have been in Franel's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping
Using this formula
Difference in Franel's income using Equity Method = [(Net income-Dividends)-(Net income-Patent allocation amortization- Dividends)]
Let plug in the formula
Difference in Franel's income using Equity Method =[($360,000 - $190,000)-($360,000 - $6,000 - $190,000]
Difference in Franel's income using Equity Method = $170,000 -$164,000
Difference in Franel's income using Equity Method =$6,000
Therefore How much difference would there have been in Franel's income with regard to the effect of the investment, between using the equity method or using the initial value method of internal recordkeeping is $6,000
Candle Stix estimates that 2% of the $100,000 balance in accounts receivable is uncollectible. Prior to year-end adjusting entries, there is a $400 debit balance in allowance for doubtful accounts. What is the net realizable value of accounts receivable
Answer:
$97,600
Explanation:
First, we need to get the value for uncollectible in accounts receivable
= 2% Multiplied by balance in accounts receivable as uncollectible
= 2% × 100,000
= $2,000
We will then subtract the balance above which is the uncollectible from the accounts receivable
= $100,000 - $2,000
= $98,000
The net realizable value would the be ;
= $98,000 - $400
= $97,600
Which is NOT an example of an expense a) advertising b)insurance c)dividends d)depreciation
Answer:
c. dividends
Explanation:
not payable... so
Dividends are not an example of an expense.
What are dividends?
A dividend or dividends can be define as a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business which is called retained earnings.
The current year profit as well as the retained earnings of previous years are available for distribution and a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash which is usually a deposit into a bank account or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.
The dividend received by a shareholder is income of the shareholder and may be subject to income tax. The tax treatment of this income varies considerably between jurisdictions.
The corporation does not receive a tax deduction for the dividends it pays.
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The Federal Reserve Bank of the United States is:_________.
a) a purely public central bank.
b) a purely private central bank.
c) part of the U.S. government.
d) not exactly part of the U.S.
e) government but not really a private institution either.
Answer:
C
Explanation:
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year:
Beginning Inventory Ending Inventory
Finished goods (units) 27,000 77,000
Raw material (grams) 57,000 47,000
Each unit of finished goods requires 3 grams of raw material. If the company plans to sell 140,000 units during the year, how much of the raw material should the company purchase during the year?
Answer:
560,000
Explanation:
The computation of the raw material purchased during the year is as follows:
Before that following calculations need to be done
Change in inventory = Ending Inventory - Begining Inventory
= 77,000 - 27,000
= 50,000
Now total units produced is
= Units sold + Increase in Inventory
= 140,000 + 50,000
= 190,000
To produce 190,000 units of finished goods the raw material needed is
= 3 grams × 190,000
= 570,000 grams
Now
Change in raw material = Ending raw material - Begining raw material
= 47,000 - 57,000
= -10,000
So,
Purchase of raw material = Raw material requirement - Decrease in raw material
= 570,000 - 10,000
= 560,000
What is an advantage that a sales force consisting of local nationals is likely to have over a sales force of expatriates
Answer:
Knowledge of customers
Explanation:
In simple words, the main advantage of having local individuals in sales force is their knowledge of the culture that the foreigners do not possess. This gives them an upper hand of knowing the needs and wants of the customers. A local individuals knows what new product or modifications to an existing products can lead to better sales in a country.
Many firms in the United States file for bankruptcy every year, yet they still continue operating. Why would they do this instead of completely shutting down?
Answer:
see below
Explanation:
A firm may either opt to shutdown or declare bankruptcy if its making losses. A shutdown will involve ceasing operations and disposing of assets to pay creditors. Declaring bankruptcy shields the business from debt obligations or seizing of assets by its creditors.
Many businesses opt to declare bankruptcy because shutting down is costly. Except for properties, other assets are likely to be liquidated at costs below their book value. With the burden of debts shelved for some time, a business has a chance of bouncing back to profitability. A loss-making firm whose price is above the average variable cost should continue operating.
How are producers of commodities like clothing or food affected differently by globalization than consumers?
Answer:
Producers of commodities can be benefited or affected by globalization, while consumers are always benefited.
Explanation:
When domestic producers of a commodity produce at a higher price than the world price, they are affected because demand for their commodities fall, since consumers flock to the cheaper alternative: the commodities that are sold at the lower gold price.
The opposite occurs if domestic producers' prices are lower than the world price: they are benefited because consumers flock to them.
Consumers, on the other hand, are always benefited because they can opt to buy the commodities at the lowest price possible thanks to the increased specialization and competition that globalization brings to the market.
Producers of commodities can be affected by globalization, while on the other hand, consumers are always benefited.
Reason of clothing or food affected differently by globalization than consumers:At the time when domestic producers of a commodity generated at a higher price as compared to the overall price, so this should be impacted since the demand should decline. Now in the case when the price of the domestic producer should be less than the price so it will be benefited to the consumers.
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Peters and Chong are partners and share equally in income or loss. Peters' current capital balance is $140,000 and Chong's is $130,000. Peters and Chong agree to accept Aaron with a 30% interest in the partnership. Aaron invests $98,000 in the partnership. The amount credited to Aaron's capital account is:
Answer:
$110,400
Explanation
Peters capital = $140,000
Chong's capital = $130,000
Aaron invest = $98,000
Total capital = $140,000 + $130,000 + $98,000
Total capital = $368,000
Aaron interest in the partnership is 30% = $368,000*30% = $110,400. Thtus, he amount credited to Aaron's capital account is $110,400.
Premium priced products like those offered by Louis Vuitton are not likely to be distributed _______.
Answer:
b. intensively
Explanation:
Louis Vuitton products mostly deal with the suitcases, shoes, watches, jewelleries, sunglasses, etc. Their products would be sold via departments i.e. rental, online websites, stores, etc
So as per the given situation, their premium and pricing products could not be allocated intensively as for many people it cant be afforded due to the high prices.
So the correct option is b.
Jane has discovered that she is bored and frustrated working for others. She wants to open a business where she alone will have control as the single owner and she would experience the least interference from government regulation. Which form of business would best meet her needs?
Answer:
sole proprietorship
Explanation:
By far the most common type of business in the US is the sole proprietorship. Basically, Jane will be her own boss. She will be responsible and liable for all the business's obligations since a sole proprietorship is considered a pass through entity. That means that it doesn't exist by itself, and it is not taxed directly. Jane must report all the income and expenses from her business in her annual tax report.
When Ashland Plastics and Melamine Chemicals formed a joint venture to develop flame-resistant plastic sheeting, the relationship most likely ended as soon as the project was completed.
A. True
B. False
The statement" when the Ashland Plastics and Melamine Chemicals created the joint venture in order to establish the plastic sheeting i.e. flame-resistant so the relationship should be ended soon when the project was finished" is true.
The following information is related to the joint venture:
Joint venture is a business arrangement where the two or more parties are agreed to contribute their resources for attaining the particular task. It can be a new project or any other kind of business activity. It is treated as its own entity and distinct from the member who has other interests in the business.Therefore we can conclude that the correct option is A. as when the project was finished so the relationship should be ended.
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9) Is homelessness ever a good thing? What exactly is a home?
Chucky is always the one who is trying to ensure everyone gets along. He is always encouraging others to do their best. He is performing a ________ role.
production
maintenance
task
relational
social
Answer:
Chucky is always making sure he has his buddy the knlfe with him aswell.
maintenance.
Explanation:
