Answer:
Requirement
Prepare Income statement
Calculate the per share of common stock
Windsor Inc.
Income statement for the year ended December 31, 2017
Sales $3,775,000
Less: Cost of goods sold $1,648,000
Gross profit $2,127,000
Operating expenses
Selling expenses $876,000
Administrative expenses $507000
Total operative expenses $1,383,000
Operative income $744,000
Other revenues and (expenses):
Rent revenue $98000
Gain on sale of equipment $31000
Interest expenses ($57,000) $72,000
Income before income taxes $816,000
Income tax applicable to continuing $297,000
operations
income from continuing operations $519,000
Discontinued operations:
Loss on discontinued operations ($66000)
Income tax applicable to loss on ($23,000)
discontinued operations
Total discontinued operations $89,000
Income before extraordinary item $430,000
Extraordinary item:
Loss on write-down of inventory ($37000)
Income after extraordinary item $393,000
Other comprehensive income:
Unrealized gain on available-for-sale securities $27,000
Comprehensive Income $420,000
EPS = Net Income of a company / Outstanding Shares
EPS = $420,000/200,000
EPS = $2.1 per share
Why should businesses take on the task of training the hard-core unemployed?
As part of their contributions to corporate social responsibility, businesses must provide training to hard-core unemployed groups.
As part of their obligations to the society in which they operate in order to generate profits, every profit-making business organization must fulfill a corporate social responsibility .
Providing the unemployed with basic skills training increases their likelihood of finding employment in a variety of sectors of the economy. It falls under the umbrella of corporate social responsibility because it is a welfare activity.
As a result, the significance of corporate social responsibility has been discussed previously.
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Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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a food worker wearing artifishal nails is preparing a salad for lunch rush what should she do to prevent from contaminating the salad
Answer:
wear gloves when preparing the salad.
Explanation:
Robert picked a business that appealed to his love of music and also one that would pay well. How would you decide on a business opportunity?
Robert picked a business that appealed to his love of music and also one that would pay well was music gigs. The business opportunity is sell of music albums.
What is music?According to many definitions, music is the process of combining form, harmony, melody, rhythm, and other expressive elements with sound. Despite being a component of all human cultures and a cultural staple, there is considerable variation in the precise meanings of music around the world.
Further the practice of creating harmonious, aesthetically attractive, or expressive tonal combinations, typically using melody, rhythm, and harmony. a written down composition of music. Bring musical compositions with melody, harmony, and rhythm.
However a sort of timed sound art that uses the components of rhythm, melody, harmony, and color to express thoughts and feelings in meaningful ways.
Therefore the tones or sounds used, whether they are in one line (melody) or many lines (harmony), and whether they are being or will be produced by one or more voices, instruments, or both.
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The definition of Not Utilizing Staff Talent in the Eight Wastes refers to a. making more than the customer wants or more than you have demand for b. idle time when resources are not being used c. a product that is less than perfect d. not encouraging employee ideas or undermining their efforts e. both b and d
Answer:
d. not encouraging employee ideas or undermining their efforts.
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
The definition of Not Utilizing Staff Talent in the Eight Wastes refers to not encouraging employee ideas or undermining their efforts.
Give account of the political argument against outsourcing practiced by US firms.
Answer:
The political argument against outsourcing practiced by U.S. firms can be summarized in three arguments:
Explanation:
The trade balance argument: this factor is both economic and political, and those who agree with it argue that outsourcing contributes to the decline of American exports while raising the amount of imports at the same time, since those goods and services produced abroad by outsourcing have to be imported to the U.S. if they are to be consumed by American consumeres.
The American worker argument: outsourcing creates a job loss in the U.S. that affects American workers, specially those without a tertiary education. Those who agree with this argument state that outsourcing increases economic inequality, urban decay, rates of mental disease and drug use, and so on.
The national security argument: this argument applies to specific industries like the weapon industry or pharmaceutical. Supporters of this argument say that there are several industries and economic sectors that should not be outsourced on the basis of national security.
11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answer:
Explanation:
D
The Equinox Fabrication Plant suffered a fire incident in August, and most of the records for the year were destroyed. The following accounting data for the year were recovered: Total manufacturing overhead estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the year direct labor hours Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year direct labor hours The company bases its manufacturing overhead allocation on the number of direct labor hours. What was the predetermined overhead allocation rate for the year? (Round your answer to the nearest cent.
The predetermined overhead allocation rate for the year is $29.40
The predetermined overhead allocation rate is referred to as the allocation rate that is used in the application of the estimated cost of manufacturing overhead to the job orders or products.
From the complete question, the predetermined overhead allocation rate will be calculated thus:
= Estimated manufacturing overhead / Estimated direct labor hours
= $105840 / 3600
= $29.40
Therefore, the predetermined overhead allocation rate is $29.40.
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During 2021, Blossom Co. incurred the following costs: Testing in search for process alternatives $390000 Costs of marketing research for new product 260000 Modification of the formulation of a process 570000 Research and development services performed by Crane Corp. for Blossom 485000 In Blossom's 2021 income statement, research and development expense should be
Answer:
See below
Explanation:
Given the above information, our concern when calculating amount of research and development costs charged to Blossom corp. for 2021 should be the period cost. This means costs that are incurred in the period under review. I.e 2021.
= Testing in search for process alternative + Cost of marketing research + Modification of formulation of a process + Consulting fees
= $390,000 + $260,000 + $570,000 + $485,000
= $1,705,000
Therefore, Blossom's 2021 income statement , research and development expense should be $1,705,000.
How much can Azco Autosystems, Inc., afford to spend on an energy management system if the software will save the company $21,300 per year for the next 5 years
The amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.
Present valueUsing this formula
Present Value = A(P/A, 10%, 5)
Where:
A=$21,300
(P/A, 10%, 5)=3.79079
Let plug in the formula
Present Value = 21,300 (P/A, 10%,5)
Present Value = 21,300 (3.79079)
Present Value =80,743.8
Present Value = $80,744 (Approximately)
Inconclusion the amount that that Azco Autosystems, Inc., can afford to spend on an energy management system is $80,744.
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The threat of lawsuits has caused some drug companies not to manufacture certain types of vaccines. What type of risk management option is being practiced?
Answer:
C) Avoiding the risk
type of risk management option is being practiced.
Explanation:
Risk management is the method of recognizing, evaluating, and managing threats to an organization's resources and incomes. These signals, or uncertainties, could originate from a wide category of causes, including financial contingency, legal responsibilities, strategic administration mistakes, disasters, and natural disasters.
Analyzing Adjusting Journal Entries, Prepaid Asset and Deferred Revenue Voss Inc., an accounting firm, adjusts and closes its accounts each December 31. Below are two situations requiring adjusting entries.
During the current year, supplies were purchased for $1,125 cash. The inventory of supplies at the prior year-end was $225. At the current year-end, inventory remaining was $360. Prepare the adjusting entry required for each of the following separate cases.
a. Case A-the $1,125 was debited to Supplies Expense. What is the balance of Supplies at year-end?
General Journal
Ref. Account Name Dr. Cr.
Case A Supplies 225 0
Supplies Expense 0 225
Case A: Balance of Supplies at year-end: $ 225
b. Case B the $1,125 was debited to supplies. What is the balance of Supplies at year-end?
General Journal
Ref. Account Name Dr. Cr.
Case B Supplies 900 0
Expense Supplies 0 900
Case B: Balance of Supplies at year-end: $ 225
Answer:
a. Case A-the $1,125 was debited to Supplies Expense. What is the balance of Supplies at year-end?
The previous balance was Supplies $225
If the following was made:
Dr Supplies expense 1,125
Cr Supplies 1,125
Then the ending balance of Supplies would be = -$900
b. Case B the $1,125 was debited to supplies. What is the balance of Supplies at year-end?
The previous balance was Supplies $225
If the following was made:
Dr Supplies 1,125
Cr Supplies expense 1,125
Then the ending balance of Supplies would be = $1,350
Explanation:
During the current year, supplies were purchased for $1,125 cash. The inventory of supplies at the prior year-end was $225.
Adjusting entry to record supplies expense = $1,125 + $225 - $360
Dr Supplies expense 990
Cr Supplies 990
Ending balance of supplies inventory = $360
Which of the following statements accurately describes how an event will impact supply? Choose 1 answer: Choose 1 answer: (Choice A) A An increase in costs of production will cause an increase in the supply curve (Choice B) B An increase in demand will cause an increase in supply (Choice C) C An increase in price will cause supply to increase (Choice D) D A decrease in price will cause supply to increase (Choice E) E A decrease in resource costs will cause an increase in the supply curve
The statement that accurately describes how an event will impact supply is option B An increase in demand will cause an increase in supply.
What happens when supply and demand both rise?If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.
Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
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Connect information which relates.
Inside-out perspective Choose..
competitive intelligence
the organisation's goals and values
the resources and capabilities to achieve competitive advantage
the industry environment
Competitive intelligence bridges the gap between the organization's goals and values, the industry environment, and the resources and capabilities necessary to gain a competitive edge. The correct option is a.
Competitive intelligence plays a crucial role in connecting the organization's goals and values with the industry environment and the resources and capabilities required to achieve competitive advantage. Competitive intelligence involves gathering and analyzing information about competitors, market trends, and customer preferences to gain insights and make informed business decisions.
By understanding the industry environment through competitive intelligence, organizations can identify opportunities and potential threats. This knowledge helps align the organization's goals and values with the external factors impacting its success. For example, if the industry is shifting towards sustainable practices, an organization that values environmental responsibility can leverage this trend to enhance its competitive position.
Furthermore, competitive intelligence helps identify the resources and capabilities needed to achieve competitive advantage. It provides insights into the strengths and weaknesses of competitors, allowing organizations to benchmark their own capabilities and identify areas for improvement. This knowledge can guide strategic planning and resource allocation, ensuring that the organization aligns its resources with its competitive goals. The correct option is a.
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what is the process or activity of optimally utilising human resources to achieve predetermined goals and objectives in the most efficient and effective way possible ?
Explanation:
Overview. Management is the act of engaging with an organization's human talent and using the physical resources at a manager's disposal to accomplish desired goals and objectives efficiently and effectively.
The process or activity of optimally utilising human resources to achieve predetermined goals and objectives in the most efficient and effective way possible is organizing.
What is the importance of human resources?
Human resources are the key elements in running the organization efficiently. They help to perform business operations as all the tasks are not operated with the help of machines or equipment. They also need instructions that are managed by the human resource of the organization.
Organizing is considered a management function that is implemented after the process of planning to arrange all the resources according to the techniques or procedures decided in planning.
An organization arranges all the resources of the business whether physical, human, or intangible, and engages them in business work by assigning their responsibilities.
Therefore, organizing is the process of utilizing human resources to achieve predetermined goals in an effective manner.
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Sandersen Inc. sells minicomputers. During the past year, the company's sales were million. The cost of its merchandise sold came to $ million, and cash operating expenses were $; depreciation expense was $, and the firm paid $ in interest on its bank loans. Also, the corporation paid $ in the form of dividends to its own common stockholders. Calculate the corporation's tax liability by using the corporate tax rate structure in the popup window,
Question Completion:
Sandersen Inc, sells minicomputers. During the past year, the company's sales were 3.00 million. The cost of its merchandise sold came to 2.00 million, and cash operating expenses were 400,000; depreciation expense was 100,000, and the firm paid 150,000 in interest on its bank loans. Also, the corporation paid 25,000 in the form of dividends to its own common stockholders.
Calculate the corporation tax liability.
The corporate tax rates are listed here:
15% $0-$50,000
25% $50,001-$75,000
34% $75,001-$10,000,000
35% over $10,000,000
Answer:
Sandersen Inc.
Computation of the Corporation's Tax Liability:
Taxable profit = $350,000
15% $0-$50,000 $7,500 ($50,000 * 15%)
25% $50,001-$75,000 6,250 ($25,000 * 25%)
34% $75,001-$10,000,000 93,500 ($275,000 * 34%)
35% over $10,000,000 0
Total Tax Liability = $107,250
Explanation:
Data and Calculations:
Sales Revenue $3,000,000
Cost of goods sold 2,000,000
Gross profit $1,000,000
Operating expenses 400,000
Depreciation expense 100,000
Operating profit $500,000
Interest expense 150,000
Profit before taxes $350,000
Income Taxes 107,250
Profit after taxes $242,750
Dividend 25,000
Retained Earnings $217,750
explain two reason for increased competition in some market
Answer:
Opportunity potential.
Ease of entry.
Nature of the product.
Exit barriers.
Homogeneity or Very low differentiation possible.
Commitment to the industry.
Technology.
Economies of scale.
Explanation:
can I have brainly and hope dis help
An organization with an external strategic focus and a high degree of environmental turbulence calls for a(n) ____ culture.
A. competitive
B. bureaucratic
C. adaptive
D. cooperative
Answer:
C. adaptive
Explanation:
An adaptive culture is the culture that enables the company to adapt the changes in a quickly and in an effective manner with respect to the external pressures
In the given question, it is mentioned that the organization having an focus i.e. external strategic also have a high degree of an environmental calls
So this represent the adaptive culture
Answer:
C Adaptive Hope it helps youHELP PLSSS HALP
How many tears would it take to fill up a pool? Explain.
Answer: Lets say 2 tear drops equals a teaspoon, And 3 teaspoons equals a tablespoon and 2 tablespoons equals a fluid ounce and 32 ounces equal a quart and 4 quarts equal a gallon and lets say the pool is 10 gallons It would take about 768000 tears to fill a ten gallon pool. Not gonna lie not even i'm depression enough for that.
According to money measurement concept, which of the following will NOT E the books of accounts? a. search O b. Commission payable to a salesman. O c. Quality of the products O d. a and b Extra profits arising out of revaluation of assets O e. All the above Check
Answer: Commission payable to the salesman
Explanation: According to the money measurement concept, the commission payable to the salesman will be recorded in the books of accounts.
Quality control in business, extra profits made due to the introduction of a budgetary control system are qualitative in nature and cannot be recorded, as according to the money measurement concept, only those transactions which can be measured in terms of money are recorded in the books of accounts.
Mhat do youmean by business? व्यापारराव्यवसाय भनेको के हो? यो कति :
Explanation:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments:
Expense Basis for allocation Amount
Rent Square feet of floor space $ 30,000
Advertising Amount of dollar sales 36,000
Administrative Number of employees 51,000
The following information is available for its three operating (sales) departments:
Department Square Feet Dollar Sales Number of employees
A 3,200 $ 236,000 5
B 4,800 $ 354,000 7
C 8,000 $ 590,000 8
Totals 16,000 $ 1,180,000 20
What is the total expense allocated to Department B?
Question Content Area
Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production $15,353
Direct labor 28,038
Factory overhead 32,314
Work in process inventory, March 1 18,402
Work in process inventory, March 31 20,161
Finished goods inventory, March 1 24,609
Finished goods inventory, March 31 25,991
a. Determine the cost of goods manufactured.
$fill in the blank 1
b. Determine the cost of goods sold.
$fill in the blank 2
The cost of goods manufactured for Zoe Corporation for the month of March is $73,946
The cost of goods sold for Zoe Corporation for the month of March is
$72,564
What is the cost of goods manufactured?
The cost of goods manufactured is the total cost of finished products completed in the current period, it is the beginning work in process inventory plus the cost of direct materials used in production, the cost of direct labor, factory overhead minus the cost of ending work in process
cost of goods manufactured=$18,402+$15,353+$28,038+$32,314-$20,161
cost of goods manufactured=$73,946
What is cost of goods sold?
The cost of goods sold is the manufacturing costs of goods sold in the current period, it is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory
cost of goods sold=$24,609+$73,946-$25,991
cost of goods sold=$ 72,564
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Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Curtis signed a contract to purchase §250,000 in sixty days. The spot rate was §1 = 0.33682, and the 60-day forward rate was §1 = $0.36842. On December 31, the spot rate was §1 = 0.32438 and the 30-day forward rate was §1 = 0.36386.
At what amount should the Forward Contract account be recorded on December 1?
Answer: $0
Explanation:
Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.
This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.
what are the functions of middle level management
Answer:
Middle management is at the center of a hierarchical organization, subordinate to the senior management but above the lowest levels of operational staff. Middle managers are accountable to top management for their department's function. They provide guidance to lower-level managers and inspire them to perform better.Hope this helps you !!Write about why it is important for world leaders to make just decisions for their people and to treat neighboring countries with respect.
Answer: Approaches to authority and decision making are not the only ways in which cultures differ, but they are arguably the most important in the leadership context. ... (For a more general treatment of cultural differences, take a look at my May 2014 ... with companies in those countries, you might have noticed that a lot of people ...
Explanation:
Explain debit and credit to a friend including why it is important to understand them in addition create a specific example to help your friend understand the explanation of debits and credits one of the accounts that make up owners equity is debit and credit an asset account explain the impact of these accounts
Every company transaction is built on the concepts of credit and debit, two crucial accounting tools. Always ensure that the sum of the debits equals the sum of the credits.
What is a credit?In the field of finance, this phrase can be used in a variety of ways, but generally speaking it refers to a contract whereby a borrower accepts a sum of money or something valuable in exchange for agreeing to pay the lender back at a later date, typically with interest. It typically refers to a bookkeeping entry for an accountant that alters the balance sheet of a business by either lowering assets or increasing liabilities and equity. The widely used idea of credit includes any arrangement to purchase an item or service with the express promise to pay for it later. The bank that issued the card pays the merchant in full and extends credit to the buyer so that they can reimburse the bank with interest over time.
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Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1: Material $ 6 Labor 4 Overhead 2 $ 12 Beginning inventory at these costs on July 1 was 5,000 units. From July 1 to December 1, Convex produced 15,000 units. These units had a material cost of $10 per unit. The costs for labor and overhead were the same. Convex uses FIFO inventory accounting.
The cost of goods sold for 15,000 units produced from July 1 to December 1 is $140,000.
What are goods?Goods refer to physical products or tangible items that can be bought, sold, or exchanged in a marketplace. These can be anything from food and clothing to electronics and furniture. Goods can be produced by individuals, businesses, or governments, and are usually traded in exchange for money or other goods. They can also be classified as consumer goods, which are intended for personal use, or as capital goods, which are used to produce other goods and services. The production and consumption of goods play a vital role in the economy, as they generate employment opportunities, drive innovation and technological advancement, and contribute to overall economic growth and development.
Total cost of beginning inventory= 5,000 units x $12 per unit = $60,000
Material $6 + Labor $4 + Overhead $2 = $12 per unit
Total cost of these 5,000 units= 5,000 units x $12 per unit = $60,000
Material $10 + Labor $4 + Overhead $2 = $16 per unit
Total cost of these 10,000 units= 10,000 units x $16 per unit = $160,000
Total cost of goods= Beginning inventory cost + Cost of units produced = $60,000 + $160,000 = $220,000
Cost of ending inventory= 5,000 units x $16 per unit = $80,000
COGS= Cost of goods available for sale - Cost of ending inventory = $220,000 - $80,000 = $140,000
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Lizzy’s is a retail clothing store, specializing in formal wear for weddings. They purchase their clothing for resale from specialty distributors and manufacturers. Recently the owners of Lizzy’s have noted an increased interest in costume jewelry and fashion accessories among their clientele. If the owners of Lizzy’s decide to expand their business to include these products, what cost data would they need to collect and analyze prior to expanding the business?
Answer:
their net profit, and demand
Explanation:
they cannot produce of buy ore things to sell if they do not have the funds to buy it