Cormorant Corp. manufactured equipment at a cost of $600,000 and leased it to Boreal Corp. on January 1, year 9 for an eight-year period expiring December 31, year 16. Eight years is considered a major part of the asset’s economic life. Equal payments under the lease are $60,000 and are due on January 1 and July 1 of each year. The first payment was made on January 1, year 9. The list selling price of the equipment is $750,000 and the implicit rate used by Cormorant is 8%. What amount of selling profit or loss should Cormorant report for the year ended December 31, year 9?

Answer: B. Individual ledger accounts

Explanation:

just took the test

Answer:

Cost of ending inventory using:

LIFO = $540

FIFO = $581

weighted average = $553.13

Explanation:

                                                                     Units           Unit Cost

Beginning inventory on January 1                370               $3.60

Purchase on January 9                                   80               $3.80

Purchase on January 25                                110               $3.90

Sales on January 26, the company sells 410 units.

Ending inventory 150 units

Cost of ending inventory using:

LIFO = 150 x $3.60 = $540

FIFO = (110 x $3.90) + (40 x $3.80) = $581

weighted average = ($2,065 / 560) x 150 units = $553.13

As, the expected time is being calculated as, expected time for an activity is calculated as : (a+4 m+b) / 6

The term deviation is defined as, a measurement that is used to find the difference between the observed numerical quantity and the expected value of a variable quantity.

Using the above formula, the expected time for each activity are:

Activity A = [11+(15x4)+19] / 6 = 90/6 = 15

Activity B = [27+(31x4)+41] / 6 = 192/6 = 32

Activity C = [18+(18x4)+18] / 6 = 108/6 = 18

Activity D = [8+(13x4)+19] / 6 = 79/6 = 13.2

Activity E = [17+(18x4)+20] / 6 = 109/6 = 18.2

Activity F = [16+(19x4)+22] / 6 = 114/6 = 19

Standard deviation for an activity is calculated as : (b-a)/6

Using the above formula, the standard deviation for each activity are :

Activity A = (19-11) / 6 = 8/6 = 1.3

Activity B = (41-27) / 6 = 14/6 = 2.3

Activity C = (18-18) / 6 = 0/6 = 0

Activity D = (19-8) / 6 = 11/6 = 1.8

Activity E = (20-17) / 6 = 3/6 = 0.5

Activity F = (22-16) / 6 = 6/6 = 1

Therefore, As a result, the expected time and the standard deviation for each activity are as follows.

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The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.

It is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.

In the income statement you provided, the cost of goods manufactured is calculated as follows:

COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000

Therefore, the cost of goods manufactured for Leone Company is $3,224,000.

Here is the formula for calculating COGM:

COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory

The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.

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Answer:

b. C$1.344.

Explanation:

Calculation to determine Which one of the following one-year forward rates best establishes the approximate interest rate parity condition

One-year forward rates =C$1.40 *[1 + (.04 - .08)]^1

One-year forward rates= C$1.344

Therefore the following one-year forward rates that best establishes the approximate interest rate parity condition is C$1.344

Collusion is considered illegal in South Africa, and the authorities actively enforce competition laws to maintain a competitive marketplace and protect the interests of consumers and the economy as a whole.

Collusion, which refers to an agreement or cooperation between competitors to manipulate market conditions or gain an unfair advantage, is generally considered illegal in South Africa. In South Africa, collusion is primarily addressed under the Competition Act of 1998, which aims to promote and maintain competition in the country's markets.

Under the Competition Act, collusion falls under the category of prohibited practices known as restrictive horizontal practices. Section 4 of the Act specifically prohibits collusive behavior such as price-fixing, market division, bid-rigging, and collusive tendering. These practices are seen as detrimental to competition, consumer welfare, and the overall economy.

The Competition Commission of South Africa is responsible for investigating and prosecuting cases of collusion. If found guilty, companies engaging in collusion can face severe penalties, including fines of up to 10% of their annual turnover and potential criminal charges for individuals involved.

In addition to the Competition Act, South Africa has also enacted other legislation and regulations to combat collusion, such as the Prevention and Combating of Corrupt Activities Act and the Public Finance Management Act. These laws aim to ensure transparency, fairness, and accountability in government procurement and contracting processes, thereby deterring collusive behavior.

Overall, collusion is considered illegal in South Africa, and the authorities actively enforce competition laws to maintain a competitive marketplace and protect the interests of consumers and the economy as a whole.

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A private company is a for-profit organization that does not belong to the state but a particular group or individual.

The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.

Private companies are also characterized by:

The private sector refers to the set of private companies in a country, they can be foreign or national companies.

Note: The question is incomplete. Here's the full question:

Define 'private sector'.

UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.

UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '

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For the mentioned problem, 56 is 5¹/₂ percent of 1018.08.

In mathematics, percentage is said to be a number or ratio expressed as a fraction of 100. It is commonly represented by the percent sign '%', but abbreviations such as 'pct.', 'pct', and 'pc' may also be used. Percentages are dimensionless numbers as they have no units of measure.

Percent may be calculated by dividing the value by the total and multiplying the result by 100. The equation used to calculate the percentage is (value/total) * 100%.

For the given question:

5¹/₂% = 11/2%

11/2% of x = 56

(11/200) × x = 56

x = 56 × (200/11)

x = 1018.08

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The insurance industry was put into the care and authorization of the individual states by the passing of the Health Insurance Portability and Accountability Act.

The two principal goals of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) could best be summarized as: guaranteeing that employees could maintain continuous health insurance if they lost or changed employment, and preserving the privacy of individual health information.

Streamlining industry inefficiencies, reducing paperwork, making it simpler to detect and prosecute fraud and abuse, and allowing workers in all professions to change occupations even if they (or family members) have pre-existing medical issues are the purposes and objectives of this legislation.

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The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.

To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.

To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:

NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost

\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)

\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)

NPV = $3,913.04 + $3,537.41 - $7,800

NPV = -$350.55

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The steps for demonstrating effective leadership in order are:

Challenge the process

Motivate a collective vision

Make it possible for other people to take action.

Set an example.

Boost your spirit.

The ability of a person, group, or organization to take the initiative is referred to as leadership, which is both a study area and a practical skill.

People behave best when they are fully focused on what they are doing. The enthusiasm of their followers can be stoked by leaders using their own experiences and interests. Even small successes need to be celebrated. They accept difficult assignments while respecting others' efforts.

Because it inspires, motivates, and sets an example for others to improve the world, leadership is essential. A vision, a plan of action, and a strong relationship with their subordinates are all characteristics of a leader. As a result, they help others collaborate to perform remarkable things.

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If all of restaurants of state reopened after being closed for six months then the state economy is most likely to increase considerably. Thus, the correct option is C). It would increase considerably.

The lockdown would have a great impact on the state economy in different ways. The situation of job lost arise in industries that pay low average wages during the lockdown according to Labor Department employment data.

Capital of a country is exploited and destroyed to the extent that resulted into the decline of the state economy. It could be found that lockdown could result in a direct initial reduction of 20-25% of GDP.

During the recession period due to the lockdown, the government will increase spending, reduce taxes, or do both to expand the economy. Thus, after the lockdown, the state economy would increase considerably.

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The information in this question represents a downward type of communication in an organization.

Examples of this type of communication from the question are:

This is a downward type of communication given the fact that information flows from the head of the organization to the employees that are at the lower level.

The red arrow in the diagram shows us that information is being passed down from the CEO to the employees in the organization.

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Answer:

This diagram represents upward communications.

✘ A team of doctors, nurses, technicians, and managers get together at Highland Hospital to discuss ways to save money. They agree to swap a lab kit that costs $96.50 for one that costs $0.29.

✔ The CEO of Nokia, Stephen Elop, meets with 2,000 employees to tell them why he is recommending that they abandon Nokia software to use less popular software from Microsoft.

✔ Cargill’s director of high-intensity sweeteners, Zanna McFerson, tells her boss, Marcelo Montero, the president of Cargill’s Health and Nutrition division, that a glycoside called Rebiana can be used to create a new artificial sweetener to be called Truvia.

✘ Hewlett-Packard CEO Meg Whitman announces to employees that HP will cut its workforce by up to 30,000 people.

No, corporate stakeholders are not merely "free riders."

Corporate stakeholders play a vital role in the success and sustainability of a company. They include shareholders, employees, customers, suppliers, and the local community. Each stakeholder group has a vested interest in the company's operations and outcomes.

Shareholders invest their capital, employees contribute their skills and labor, customers provide revenue, suppliers offer goods and services, and the local community supports the company's presence. While stakeholders benefit from the company's success, they also actively contribute to its growth and prosperity.

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The disadvantage that would be experienced by a person applying for their Social Security benefits at age 62 is option  b. They would receive only a partial benefit for as long as they collect Social Security.

This can lead to Early retirement. Social Security retirement payments are available as early as age 62. If you leave the workforce before reaching full retirement age, we will lower your pension. For instance, if you reach 62 in 2022, your benefit would be roughly 30% lower than it will be when you reach 67, the full retirement age.

Therefore, By taking advantage of early retirement benefits, you can begin to get the monthly benefits that you have been paying to the government since you first began working. But that has the drawback of permanently decreasing your Social Security retirement payment.

So, As early as age 62, you can begin receiving Social Security retirement payments. When you reach full retirement age, however, you are eligible for all benefits. Your benefit amount will increase if you wait until you are 70 years old before claiming your benefits.

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Managers want larger budgets; entrepreneurs work to do more with less.

Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.

This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.

Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.

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When a manager re-designs the compensation plan for his/her department, then he is performing the Implementing function of management.

The Organization management refers to various functions performed by manager to ensure his/her employees will continue to work towards a common predefined goal.

The functions of organization management includes planning, organizing, staffing, leading, implementing and controlling.

So when the manager re-designs the compensation plan for his/her department, then he is performing the Implementing function of management.

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Selam!

I am Turkish.

çocuk işçiliğini kötü insanlar yapar. mesela amerikanlar, ruslar ve benzeri.

İyi dersler :)

https://eodev.com/app/profile/7139574 'i takip et!

Incomes improve for poor people in all countries is the best sentence which completes the Globalization. option C is the correct answer.

Globalization is the method by which businesses, organizations, and governments work on a worldwide scale. Globalization alludes to the method of expanding interconnecting and interdependency among individuals, businesses, and nations over the world. It includes the stream of products, administrations, capital, innovation, and data over national borders, coming about in a developing sense of shared social, social, and financial values.

Globalization has been encouraged by headways in communication innovation, transportation, and exchange liberalization arrangements. It has driven to expanded financial development, advancement, and social trade, but has too brought about in concerns approximately imbalance, natural corruption, and social homogenization. 

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Answer:

Balance of equity investment account = $750,000

Explanation:

              Equity investment account

Goodwill                       $100,000

Investment                   $300,000

Net income                   $400,000

Less: Dividends            $50,000  

Balance of equity       $750,000

investment account

If the board of directors of Herbalife Nutrition approved a 2-for-1 stock split. After the split, the number of shares of Herbalife stock will an investor have if he owned 1,020 shares before the split is:2,040 shares.

Using this formula to find the number of shares

Number of shares before the split =  Number of  shares owned × Stock split

Let plug in the formula

Number of shares before the split = 1,020 shares × 2/1

Number of shares before the split = 2,040 shares

Therefore we can conclude that the number of shares before the split  is 2,040 shares.

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Answer:

B

Explanation:

secretaries

hope this is helpful.

When an employee leaves a position, the right response of the human resources department will be to review the position to determine whether and when the position should be filled again.

In management, a Human resources refers to the division of a business that is charged with finding, screening, recruiting as well as training the job applicants. The HR managers also administers employee-benefit programs.

The department of human resources HR is an essential component of any business regardless of an organization's size. The department is mainly tasked with maximizing employee productivity and protecting the company from any issues that may arise within the workforce.

In conclusion, these HR managers plays an important role in helping companies deal with a fast-changing business environment and a greater demand for quality employees in the 21st century.

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Answer:

B. - Review the position to determine whether and when the position should be filled again.

Explanation:

An international business can command higher prices for a particular product in a foreign market in the following situation C. When the product offers greater value to customers in the foreign market.

In this scenario, the product stands out in the foreign market due to the additional value it provides to customers compared to other available options. This added value can result from various factors, such as superior quality, innovative features, or a better match with local preferences and needs. As a result, customers are likely to perceive the product as having higher worth and may be willing to pay a premium for it.

In contrast, options A, B, D, and E are less likely to enable a business to command higher prices in a foreign market. When a product is widely available (A) or more suitable for other foreign markets (D), it faces more competition, which usually leads to lower prices. Similarly, low sales volumes (B) could indicate a lack of demand for the product, making it difficult to justify a high price. Lastly, when domestic competitors offer alternatives at reduced prices (E), consumers may opt for the cheaper option, thus preventing a business from charging a higher price for its product.

In conclusion, offering greater value to customers in the foreign market is the most effective way for an international business to command higher prices for its product. This approach allows the company to differentiate its offering and create a competitive advantage, which can lead to increased sales and profitability. Therefore the correct option is C

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If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.

To calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.

Real interest rate = Nominal interest rate - Inflation rate

Real interest rate = 8.00% - 2.60%

Real interest rate = 5.40%

Therefore, the real rate of interest over the last year was 5.40%.

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