Answer: Sales
Explanation:
Vertical analysis is referred to as a form of financial statement analysis where the items that are shown in the financial statement is written as a percent of a base figure.
It is also known as common-size analysis. It should be noted that when one is using the vertical analysis, the income statement accounts are being expressed as a percentage of sales while the balance sheet accounts are been expressed as a percentage of the total assets.
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 calculation of the segment margin is shown below:
Segment Margin is
= Domestic Sales Revenues - Domestic Variable Expenses - Domestic Traceable Fixed Expenses
= $541,000 - $314,000 - $64,800
= $162,200
Therefore the segment margin for the Domestic division is $162,200
Evidence indicates that the best promotional strategy for firms operating globally
Answer:
B) to uniquely design a strategy for each country.
Multiple- choices
a "one mix fits all" strategy.
B) to uniquely design a strategy for each country.
C) based on total operating costs and the nation's disposable income.
D) designed by foreign intermediaries who control promotion.
Explanation:
Customers purchasing decisions and patterns are influenced by their culture, customs, beliefs, and traditions. Marketers need to have an understanding of their target customers before deciding what products to offer them and at what season.
Each country has its unique beliefs and practices. Multinationals need to understand and appreciate the people's ways of life to successfully operate in that country. They need to design marketing strategies that will appeal to the citizens. There should a strategy customized for each country.
Collin and Scott are co-founders of the Russian River Brewing Company. Which three tools and methods are the co-founders not likely to adopt to promote the brewery's operational excellence and further the cause of good strategy execution
Answer:
strategic resource training, standard industry techniques, and competitor strength matrix techniques
Explanation:
The three tools and techniques that co-founders not likely to adopt for promoting the operational excellence is training of strategic resource, techniques of standard industry and the third one is techniques of competitor strength max
As these three tools and methods would not help the company for promoting the same
Therefore the first option is correct
Supply and demand is:
A. an advertising principle that the value of a product is directly
proportional to how many public figures and celebrities use it.
B. an advertising method supporting the idea that if you show several
products being used in an ad, more people will want to buy them.
C. an economic idea that the value of something is determined
how much of it exists in relation to how much consumers want it.
D. an economic principle supporting the idea that the quicker
something is made, the sooner it can be sold on the open market.
Answer:
C.
Explanation:
Consumers wanting it is the demand.
So if fewer want it, it might be made less.
if more want it, it might be made more often.
If it's in high demand, it might also cost more to get, as more people want it.
After the foreclosure sale, the trustor or mortgagor who wishes to reclaim their residential property may do so in Colorado within what time frame
Answer:
Owners may not redeem after the foreclosure sale
Explanation:
In the case when the foreclosure sale is made than the trustor or the mortgagor wants to claim again with respect to the residential property In Colorado at than time when the owners does not redeem it when the foreclosure sale is made
Therefore the above is the answer
hence, the same is to be considered
Comfort Mattresses, Inc. sold 26,000 shares of its $1 par value common stock at a cash price of $12 per share. The entry to record this transaction would be:
A. Debit Cash $312,000; credit Common Stock $26,000; credit Paid-in Capital in Excess of Par Value. Common Stock $206,000.
B. Debit Cash for $312,000; credit Common Stock $312,000.
C. Debit Common Stock $26,000; debit Paid-in Capital In Excess of Par Value, Common Stock $286,000; credit Cash $312,000.
D. Debit Cash $312,000; credit Stock Liability $286,000; credit Common Stock $26,000.
E. Debit Common Stock $26,000; credit Cash $26,000.
Answer: A. Debit Cash $312,000; credit Common Stock $26,000; credit Paid-in Capital in Excess of Par Value. Common Stock $286,000.
Explanation:
Par Value of stock = 26,000 * 1 = $26,000
Cash received = 26,000 * 12 = $312,000
Paid in Capital in excess of Par, Common stock = 312,000 - 26,000 = $286,000
Cash would be debited by the amount received.
Common Stock would be credited by the Par value of $26,000
Paid in Capital in excess of Par will be credited as well for $286,000.
Assuming no employees are subject to ceilings for their earnings, Jensen Company has the following information for the pay period of January 15 - 31, 20xx. Gross payroll $10,000 Federal income tax withheld $1,800 Social security rate 6% Federal unemployment tax rate .8% Medicare rate 1.5% State unemployment tax rate 5.4% Salaries Payable would be recorded in the amount of: Group of answer choices
Answer: $7,450
Explanation:
Employees are not charged Federal and State unemployment taxes so Salaries payable should be;
= Gross pay - Federal Income tax withheld - Social security tax - Medicare
= 10,000 - 1,800 - (10,000 * 6%) - (10,000 * 1.5%)
= 10,000 - 1,800 - 600 - 150
= $7,450
QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019:
Cost of goods sold was $22 billion under FIFO costing and the inventory value under FIFO costing was $2.1 billion. The LIFO Reserve for year-end 2018 was $0.6 billion and at year-end 2019 it had increased to $0.8 billion. What is the LIFO inventory value at year-end 2014?
Answer:
the LIFO inventory value at 2014 year end is $1.3 billion
Explanation:
The calculation of the LIFO inventory value at 2014 year end is as follows
LIFO inventory value at year-end 2014 is
= FIFO inventory - LIFO reserve
= $2.1 billion - $0.8 billion
= $1.3 billion
Therefore, the LIFO inventory value at 2014 year end is $1.3 billion
The same is to be calculated by applying the given formula
According to Classical economists, the permanent income hypothesis was an argument supporting their view that, during a recession, the economy would
Answer: tend to self correct and the decline would be cushioned.
Explanation:
The permanent income hypothesis is simply refered to as a theory that relates to consumer spending which states that individuals will spend money based on the disposable income that they expect in their lifetime.
According to Classical economists, the permanent income hypothesis was an argument supporting their view that, during a recession, the economy would tend to self correct and the decline would be cushioned.
Brooke-lyn makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 30% Paid in the first month following purchase: 65% Paid in the second month following purchase: 5% If purchases for April, May, and June were $200,000, $160,000, and $250,000, respectively, what was the firm's budgeted payables balance on June 30?A. $175,000B. $179,000C. $183,000D. $189,000
Answer:
Total budget payable= $189,000
Explanation:
Giving the following information:
Paid in the month of purchase: 30%
Paid in the first month following purchase: 65%
Paid in the second month following purchase: 5%
Purchases:
April= $200,000
May= $160,000
June= $250,000
Payable balance June:
Purchase from April= (200,000*0.05)= 10,000
Purchase from May= (160,000*0.65)= 104,000
Purchase from June= (250,000*0.3)= 75,000
Total budget payable= $189,000
Abbott Landscaping purchased a tractor at a cost of $29,000 and sold it three years later for $15,700. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $4,000 residual value. Tractors are included in the Equipment account.
Required:
Record the sale of equipment.
Answer:
Cash 15700 Dr
Accumulated depreciation 15000 Dr
Equipment - Tractor 29000 Cr
Gain on sale - Equipment 1700 Cr
Explanation:
The straight line method of depreciation charges a constant depreciation expense per year throughout the useful life of the asset. The formula for depreciation expense under this method is,
Depreciation expense = (Cost - Residual value) / Estimated useful life of the asset
Depreciation expense per year = (29000 - 4000) / 5 = $5000 per year
As the asset was sold after three years, the accumulated depreciation on the asset would be = 5000 * 3 = $15000
The NBV or carrying value of the asset will be = 29000 - 15000 = 14000
The gain on sale of equipment will be = 15700 - 14000 = $1700
Change management failures can be traced to many different aspects. Think of an organization with which you are familiar and share two aspects that are attributed to not managing or sustaining the change. What should be done differently
Answer and Explanation:
Change management is the process, approach etc to bring out the positive change in a company that would help in accomplishing the goals of the company. It could be in terms of organization structure, functions, etc
There is no surety whether the changes that are implemented in the organization are successful or not.
Like we take the example of HP as they decided to close out the plant and staff layoff this information is leaked down due to which it badly impact the performance level so it negatively impact the organization
Also in the technologies, the changes plays a vital role. It could be via adopting a new technology i.e. automation but in some how it does not work so it leads to project failure.
So before seeing the bad results, the company should have to analyze the things in order to take the best decisions also it should have a recovery plan or plan B if anything wrong had done
What is the Accounting cycle?
Answer:
Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
Explanation:
Answer:
Accounting cycle is a collective process of identifying, analyzing and recording the accountant of the company.
Consider this scaled figure of a swimming pool. The dimensions of the original pool are 24 feet wide by 36 feet long.
Answer:
3/5
Explanation:
9.6
Answer:
4/15 and 9.6
Explanation:
Costs included in the Merchandise Inventory account can include all of the following except: __________.
A. Invoice price minus any discount.
B. Transportation-in.
C. Storage.
D. Insurance.
E. Damaged inventory that cannot be sold.
Answer: E. Damaged inventory that cannot be sold.
Explanation:
Merchandise inventory includes the invoice price less any discount. It also includes the cost of transporting the goods in and this is usually recorded as Carriage Inwards. Storage is another amount that is included in here as well.
Insurance for the merchandise is a cost of acquisition so this is included in merchandise cost as well. If the inventory is damaged however and cannot be sold, it does not go to the Merchandise inventory account but rather to a loss account.
Barbara is a single taxpayer who had a 2020 adjusted gross income of $25,000 and contributed $4,000 to her traditional IRA. Assuming she has a $2,000 income tax liability for the year, what is her maximum retirement contribution savings credit
Answer:
$200
Explanation:
The retirement contribution savings credit is designed to benefit low and middle income tax payers that contribute to retirement accounts.
The maximum credit ranges from $200 to $1,000 per taxpayer.
Since Barbara earned below $32,500, she applies for this tax credit.
Since her AGI is over $21,251, she can only deduct 10% of the first $2,000 contributed to her IRA account = $2,000 x 10% = $200
Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expecting to retire in 40 years, what will the equivalent annual income then be, adjusted for inflation rate of 2% per year
The U.S. Treasury's 20-year bond has a yield-to-maturity of 2.5%. In order for a 20-year bond of a corporation to have the same price as that of the Treasury it must pay the same coupon.
a. True
b. False
Answer:
b. False
Explanation:
US Treasury bonds are considered risk free investments, so their price is not affected by market risk. On the other hand, a corporation's bond is not a risk free investment and its price is affected by market risk. The higher the risk, the higher the expected return and the lower the price of a security.
What type of adjustments must advertising agencies make as more companies want "one sight, one sound, one sell" campaigns?
Explanation:
Campaigns "a vision, a sound, a sell" are those that seek a unified approach to the brands and products belonging to an organization.
This marketing strategy focuses on the search for greater standardization of an organization and greater positioning in the market, adding greater value to its products and allowing greater control of the management of the effectiveness of the marketing campaign.
Therefore, to meet the demand for this type of campaign, advertising agencies must make the necessary adjustments to unify the products and brands belonging to the same company in order to promote the value of the other product lines, but also to create their own aligned advertising. to each product and its benefits, so that the customer understands that the company is complete and serves it on several levels.
It is also ideal for advertising agencies to ensure that there is no conflict overlapping the values of a product or the main brand.
Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares issued. The journal entry to record Kunze's purchase of 10,000 shares of common stock at $4 per share would be:
Answer and Explanation:
The journal entry to record the purchase of common stock is as follows:
Treasury stock (10,000 shares × $4 per share) $40,000
To cash $40,000
(being the purchase of common stock is recorded)
Here treasury stock is debited as it reduced the stockholder equity and the cash is credited as it also decreased the assets
Which of the following is not one of the eight recognized consumer rights? a. right to the satisfaction of basic needs b. right to simplicity c. right to a healthy environment d. right to be informed
Answer:
B.) right to simplicity
Explanation:
:)
The right to simplicity is basically one which is not recognized as one of the eight consumer rights. Thus option (b) is correct.
What are the consumer rights?Consumer rights are a set of rights and protections that are afforded to consumers when they engage in economic transactions with businesses or service providers.
These rights are designed to ensure that consumers are treated fairly and have access to the information and resources they need to make informed decisions.
These rights are often enshrined in consumer protection laws and regulations, and are enforced by government agencies and consumer advocacy organizations. By using these individuals can protect themselves from fraud, deception, and unfair business practices.
The right to simplicity is not included in the eight recognized consumer rights. Therefore, option (b) is correct.
Learn more about consumer rights here:
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Solve for the unknown interest rate in each of the following (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):
Present Value Years Interest Rate Future Value
$190 4 % $231
310 18 854
34,000 19 148,042
33,261 25 412,862
Answer:A) 5.01% B)5.79% C.8.05% D)10.60%
Explanation:
Using the formula
FV = PV (1 + r)ⁿ
where
PV=present value
r=interest rate
n =number of periods/ years
FV = future value.
Making r= interest rate the subject formula to solve .
FV = PV (1 + r)ⁿ
(FV/PV)^ 1/n - 1 = r
A)( 231/190)^(1/4) -1
( 231/190)^ 0.25 -1
1.21578947^0.25 -1
1.05006116 -1
0.05006116 X 100
5.01%
B)( 854/310)^ (1/18) -1
( 854/310)^ 0.0555 -1
2.75483871^0.0555 -1
1.05785304 -1
0.05785304 X 100
5.79%
C)( 148,042/34,000)^ (1/19) -1
( 148,042/34,000)^ 0.0526 -1
4.35417647^0.0526 -1
1.08045444-1
0.08045444 X 100
8.05%
D)( 412,862/33,261)^ (1/25) -1
( 412,862/33,261)^ 0.04 -1
12.4127958^0.04 -1
1.10599913 -1
0.10599913X 100
10.60%
Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $9.00 each. During the month, the company made two purchases: 3100 units at $10.00 each and 12200 units at $10.50 each. Concord also sold 12800 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month
Answer:
The amount of cost of goods sold for the month is $127,321.60.
Explanation:
The Weighted Average Cost Method uses a Unit Cost calculated on the Average to value the Cost of Goods Sold and Ending Inventory.
Since the Periodic Inventory System is being used, the Unit Cost will be calculated on Goods Available for Sale.
Average Unit Cost = Total Cost of Goods Available for Sale ÷ Units Available for Sale.
Total Cost of Goods Available for Sale = 7,300 × $9.00 + 3,100 × $10.00 + 12,200 × $10.50 = $224,800
Units Available for Sale = 7,300 + 3,100 + 12,200 = 22,600
Therefore,
Average Unit Cost = $224,800 ÷ 22,600 = $9.947
Cost of Goods Sold = Units Sold × Units Available for Sale
= 12,800 × $9.947
= $127,321.60
You want to buy XYZ public company. The company currently has a dividend of $3.12, but has indicated they will increase the dividend by 3.1% each year. You expect an investment return of 9%. How much is this stock worth
Answer:
$54.52
Explanation:
The formula for determining share price is as stated below based on the Gordon Constant Dividend Model:
Share price=current dividend*(1+g)/(Ke-g)
current dividend=$3.12
g=constant dividend growth rate=3.1%
Ke=required return on the investment=9%
Share price=$3.12*(1+3.1%)/(9%-3.1%)
Share price=$3.12*1.031/5.9%
Share price=$3.21672 /5.9%
share price=$54.52
Select the correct answer.
PKGM is the auditor of Alique Pharma Inc. Every year. Jasper gets its financial reports attested by PKGM. Under which section of the Sarbanes-Oxley Act should a company's registered accounting firm attest to the financial reports of the company?
A. Section 401
B.Section 404
с.Section 302
D. Section 802
Answer:
B-section 404
Explanation:
it is registered as 404
Answer:
section 404
Explanation:
Flagler Corporation shows a total of $1,190,000 in its Common Stock account and $1,050,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $7. How many shares of Flagler stock have been issued?a. 170,000.b. 150,000.c. 320,000.d. It cannot be determined
Answer: a. 170,000
Explanation:
To find the number of shares issued;
= Common stock / Par value
= 1,190,000/7
= 170,000 shares
Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $2,000,000 (200,000 hours at $10/hour) and that factory overhead would be $1,500,000 for the current period. At the end of the period, the records show that there had been 180,000 hours of direct labor and $1,200,000 of actual overhead costs. Using direct labor hours as a base, what was the pre-determined overhead rate?a. $6.00 per direct labor hour.b. $750 per direct labor.c. $6.67 per direct labor hour.d. $8.33 per direct labor hour.e. $708 per direct labor.
Answer:
b. $750 per direct labor
Explanation:
Calculation for the what was the predetermined overhead rate
Using this formula
Predetermined overhead rate=Factory overhead / Direct labor hours
Let plug in the formula
Predetermined overhead rate=$1,500,000/$200,000 hours
Predetermined overhead rate= 7.5*100
Predetermined overhead rate=$750 per direct labor
Therefore the predetermined overhead rate will be $750 per direct labor
A company headquartered in the United States has operations in 27 countries. The company purchased a subsidiary to expand operations into another country last year. According to COSO, what provides the strongest mechanism for monitoring control in this new foreign venture?
Answer: An internal audit is being performed.
Explanation:
Internal Audit is a department or entity that provides structures, corporate organizations, and procedures for persons inside an organization with unbiased, objective assessments.
According to the Chartered Institute of Internal Auditors, the role of internal audit is to provide objective assurance that an organization's risk management, governance and internal control processes are operating effectively.
given Qx=20-5p where price is 3 units find the price elasticity
Answer:
[tex]Q_x=5[/tex]
Explanation:
Given that,
The formula is :
[tex]Q_x=20-5p[/tex] ....(1)
Where p is price
We need to find the price elasticity
Put p = 3 units in equation (1)
[tex]Q_x=20-5(3)\\\\=20-15\\\\=5[/tex]
Hence, the price elasticity is 5.
true or false question just help
Answer: True
Explanation:
Answer:it is true
Explanation: it’s true because it makes worker a little more at ease and that makes them want to help even more.
