Answers
Answer:
a. Yes yes
Explanation:
The primary focus for financial accounting information is to provide useful information to investors for decision making. This is to enable both present and potential investors have prior knowledge and state of affairs of the company or business they want to spend their money on.
However, in the long run, the focus for financial accounting would also include providing useful information for credit decisions. The aforementioned would only occur if a company is able to generate profit hence providing rate of returns to their investors.
Answer:
MAYBE
Explanation:
yes + no = maybe
Related Questions
Calculate the total account value for $10,000.00 at 10% interest for 15 years
Answers
A = P(1 + r/n)^(nt)
where:
A = the total account value
P = the principal amount (the initial investment)
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the number of years
Plugging in the given values, we get:
A = 10,000(1 + 0.10/1)^(1*15)
A = 10,000(1.10)^15
A = 10,000(4.177)
A = $41,770.00
Therefore, the total account value for $10,000.00 at 10% interest for 15 years would be $41,770.00.
Determine the net present value for a project that costs $84,500 and would yield after-tax cash flows of $13,000 the first year, $15,000 the second year, $18,000 the third year, $20,000 the fourth year, $24,000 the fifth year, and $30,000 the sixth year. Your firm's cost of capital is 5.00%.
Answers
Answer:
The net present value for the project is $14,680.61.
Explanation:
The net present value (NPV) of a project is the sum of the present values of all the after-tax cash flows minus the cost of the project. This can be calculated as follows:
NPV = (First year after-tax cash flows / (100% + Cost of capital)^1) + (Second year after-tax cash flows / (100% + Cost of capital)^2) + (Third year after-tax cash flows / (100% + Cost of capital)^3) + (Fourth year after-tax cash flows / (100% + Cost of capital)^4) + (Fifth year after-tax cash flows / (100% + Cost of capital)^5) + (Sixth year after-tax cash flows / (100% + Cost of capital)^6) - Project cost
NPV = ($13,000 / (100% + 5.00%)^1) + ($15,000/ (100% + 5.00%)^2) + ($18,000 / (100% + 5.00%)^3) + ($20,000 / (100% + 5.00%)^4) + ($24,000 / (100% + 5.00%)^5) + ($30,000 / (100% + 5.00%)^6) - $84,500
NPV = $14,680.61
Therefore, the net present value for the project is $14,680.61.
Gitano Products operates a job-order costing system and applies overhead cost tojobs on the basis of direct materialsused in production(noton the basis of raw materialspurchased). Its predetermined overhead rate was based on a cost formula that estimated$119,600 of manufacturing overhead for an estimated allocation base of $92,000 directmaterial dollars to be used in production. The company has provided the following data forthe just completed year:________.
Purchase of raw materials $140,000
Direct labor cost $89,000
Manufacturing overhead costs
Indirect labor $106,300
Property taxes $8,000
Depreciation of equipment $18,000
Maintenance $15,000
Insurance $8,200
Rent. building $39,000
Beginning Ending
Raw Materials $24,000 $17,000
Work in Process $48,000 $35,000
Finished Goods $69,000 $57,000
Required:
1. Compute the predetermined overhead rate for the year.
PREDETERMINED OVERHEAD RATE _____%2. Compute the amount of underapplied or overapplied overhead for the year._____ overhead _____
Answers
Answer:
$3,400
Explanation:
The computation of predetermined overhead rate for the year is shown below:-
Predetermined Overhead Rate = Estimated Manufacturing Overhead ÷ Estimated Allocation Base × 100
= $119,600 ÷ $92,000 × 100
= 130%
2. The computation of the amount of underapplied or overapplied overhead for the year is shown below:-
Overhead Applied = (Opening Value of Direct Material + Purchase of Direct Material - Closing Value of Direct Material) × Predetermined Overhead Rate
= ($24,000 + $140,000 - $17,000) × 130%
= $147,000 × 130%
= $191,100
Overhead Incurred = $106,300 + $8,000 + $18,000 + $15,000 + $8,200 + $39,000
= $194,500
Underapplied overhead = $194,500 - $191,100
= $3,400
If the Federal Reserve held the money supply constant in response, the effect on aggregate demand from the increase in government spending would be:___.
Answers
Answer: Smaller
Explanation:
If the Federal Reserve held the money supply constant in response, the effect on aggregate demand from the increase in government spending would be smaller than if the Fed were committed to maintaining a fixed interest rate.
A rise in Aggregate Demand would lead to more people demanding money to enable them to spend. If the Fed keeps the money supply constant therefore, the increase aggregate demand will be less than if the Fed was committed to maintaining a fixed interest rate.
This is because if the Fed wanted to maintain a fixed rate they would have increased money supply to match money demand which would have led to Aggregate demand increasing more than if they hold the money supply constant.
What are some strategies that you can use to prepare to file taxes each year? What would be
the benefits of these strategies?
Answers
Provide Dependents' Social Security Numbers.
Organize Your Records and Documents.
Contribute to Your Retirement Accounts.
Lower Your Taxable Income.
The DuPont equation Corporate decision makers and analysts often use a particular technique, called a DuPont analysis, to better understand the factors that drive a company’s financial performance, as reflected by its return on equity (ROE).
a. True
b. False
Answers
Answer:
true i think
Explanation:
Define and explain the significance of each of the main insurance principles in insurance business
Answers
The essential tenet of an insurance contract is that both parties should operate in good faith toward one another, which requires that they communicate the terms and circumstances of the contract in a clear and straightforward manner.
What is insurance ?Insurance, which takes the form of a policy, is a contract in which the person or entity receives financial protection, or payment from the insurance provider for any harm (large or small) done to their property.The Insured should disclose all relevant facts, and the Insurer must provide correct information about the contract.
principle of ‘Causa Proxima’ or the nearest cause applies when the loss is the result of two or more causes. The insurance company will find the nearest cause of loss to the property. I
f the proximate cause is the one in which the property is insured, then the company must pay compensation. If it is not a cause the property is insured against, then no payment will be made by the insured.
According to Insurable interest principle , the insured person must have an insurable interest in the subject matter. The thing for which the person signs an insurance contract must both bring financial benefit to the insured and cause financial loss in the event of damage, destruction, or loss.
The other principles include principle of indemnity, subrogation, loss minimization etc.
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Current liabilities are important because they determine how much
company has.
A. working capital
B. current assets
C. liquid cash
D. stockholders' equity
Answers
Answer:
working capital is calculated by using the current ratio, which is current assets divided by current liabilities. A ratio above 1 means current assets exceed liabilities, and, generally, the higher the ratio, the better.
Periodic Inventory by Three Methods
The units of an item available for sale during the year were as follows:
Date Line Item Description Units and Cost
Jan. 1 Inventory 6 units at $47
Feb. 17 Purchase 12 units at $48
Jul. 21 Purchase 6 units at $51
Nov. 23 Purchase 19 units at $51
There are 6 units of the item in the physical inventory at December 31. The periodic inventory system is used. Round average unit cost to the nearest cent and final answers to the nearest whole dollar, if required.
a. Determine the inventory cost by the first-in, first-out method.
b. Determine the inventory cost by the last-in, first-out method.
c. Determine the inventory cost by the weighted average cost method. Round average unit cost to the two decimal places, and round your final answer to the nearest dollar.
Answers
The first-in, first-out method costs $306, the last-in, first-out method costs $282, and the weighted average cost method costs $297 for inventory.
What is Weighted Average Cost Method?The Weighted Average Cost Method is a method for valuing inventory that is used to figure out how much each unit of inventory costs on average. The weighted average cost of all units that were available for sale during the accounting period is used in this method to calculate the cost of goods sold (COGS) and the value of the ending inventory.
Divide the total cost of goods that are available for sale by the total number of units that are available for sale to get the weighted average cost per unit. The cost of goods sold (COGS) is then calculated by multiplying this average cost per unit by the number of units sold. To determine the value of the ending inventory, the remaining units are valued at the same weighted average cost per unit.
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Approximately what interest rate to the nearest whole percentage would you need to earn in order to turn $3500 into $7000 over 10 years?
Answers
Explanation:
answer in the photo ok????
What stock should I buy
Answers
What aspect of evaluating a supplier might be affected by meeting government standards?
A. Completeness of orders
B. Quality
C. Flexibility
D. Timeliness
Answers
Answer: Quality
Explanation:
The aspect of evaluating a supplier might be affected by meeting government standards us quality. Quality is the ability that a product has and out it stands out when compared to other similar products.
Government is always considered with the quality of a good or service in order to ensure that it's good for use and safe.
Sandra and Kelsey are forming a partnership. Sandra will invest a piece of equipment with a book value of $4,300 and a fair market value of $15,000. Kelsey will invest a building with a book value of $34,600 and a fair market value of $57,600. What amount will be recorded to Kelsey's capital account
Answers
Answer: $57600
Explanation:
The capital account of a business indicates the net worth it that particular business. The fair value of an asset brings about an increase to the capital account.
In this scenario, the amount that will be recorded to Kelsey's capital account will be her fair market value of the building which is $57,600.
Best way to find a new job?
Answers
Answer:
You can search the internet and look for something that suits you best and that pays good.
Explanation:
The shelf life of salmon is 2 days. You received a delivery of 55 lbs. You sell 30 lbs each day. What is your waste after 2
days?
a) 2 lb
b) 5 lb
c) Non waste because you ran out of salmon
Answers
Read the following scenario and answer the question below:
You are a public relations officer working for a local non-profit organisation called "Green Future" that focuses on promoting sustainable practices and environmental awareness in the community. The organisation has just launched a new initiative to encourage people to reduce their plastic waste and switch to reusable alternatives.
3.1. Write a press release to send to various media houses to promote this initiative and raise awareness about the importance of reducing plastic waste. Your press release should be structured according to the press release example provided in ‘Additional Resources/Supplementary Exam. Please note: The address, contact details and content provided in the press release are just an example of what should be included in your press release, and how it should be structured. For your press release you must write in your own, original words.
Also, as this is a hypothetical case study, you may make up your own address and contact details for “Green Future. (20)
Answers
FOR IMMEDIATE RELEASE
Green Future Launches Groundbreaking Initiative to Reduce Plastic Waste and Promote Sustainability
[City, Date] – Green Future, a local non-profit organization committed to fostering sustainable practices and raising environmental awareness, is proud to announce the launch of an innovative initiative aimed at reducing plastic waste and encouraging the adoption of reusable alternatives within the community.
Plastic pollution has become a pressing issue globally, posing significant threats to our environment, wildlife, and human health. With this new initiative, Green Future aims to tackle this problem head-on by empowering individuals to make conscious choices that can have a lasting positive impact on the planet.
Under the program, Green Future will engage with local businesses, educational institutions, and community members to promote the importance of reducing plastic waste. The initiative will provide educational resources, organize workshops, and distribute reusable alternatives such as cloth bags, stainless steel water bottles, and bamboo straws.
"We believe that collective action is key to addressing the plastic waste crisis," said [Spokesperson's Name], spokesperson for Green Future. "By raising awareness and offering practical solutions, we hope to inspire individuals to make sustainable choices and contribute to a greener future."
To further amplify the message and encourage widespread participation, Green Future has also partnered with media outlets, influencers, and community leaders who are committed to championing environmental causes.
To learn more about the initiative and how you can get involved, please visit [website URL] or contact Green Future at [contact information].
About Green Future:
Green Future is a non-profit organization dedicated to promoting sustainable practices and environmental awareness. Since its establishment [year], Green Future has been at the forefront of environmental initiatives, collaborating with various stakeholders to drive positive change within our community.
Media Contact:
[Your Name]
[Your Position]
[Phone number]
[Email address]
Green Future
[Address]
[City, State, ZIP]
[Phone number]
[Email address]
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The Davis family grows organic vegetables to sell at a local farmer’s market. Which are factors that directly affect their profit? Check all that apply.
an increase in the cost of farm equipment
a rise in demand for organic produce
an increase in customers at the market
a change in the market price for non-organic fruit
a sale on organic meats at the market
(answer is abc)
Answers
Answer:
an increase in the cost of farm equipment
Explanation:
With the Davis family continuously growing and selling vegetables they would need to repair or get new equipment
Answer:
a b c
Explanation:
If the spending multiplier equals 5 and equilibrium income is $2 billion below potential GDP, then _____ to reach the potential real GDP level. Group of answer choices total spending needs to increase by $0.1 billion nominal GDP needs to increase by $1.2 billion total spending needs to decrease by $6 billion nominal GDP needs to decrease by $12 billion total spending needs to increase by $0.4 billion
Answers
Answer:
total spending needs to increase by $0.4 billion
Explanation:
Calculation to determine how much total spending needs to increase or decrease
Using this formula
Increase or Decrease in total spending=Equilibrium income/Spending multiplier
Let plug in the formula
Increase or Decrease in total spending=$2 billion/5
Increase or Decrease in total spending=$0.4 billion
Therefore If the spending multiplier equals 5 and equilibrium income is $2 billion below potential GDP, then TOTAL SPENDING NEEDS TO INCREASE BY $0.4 BILLION to reach the potential real GDP level.
a. Suppose Whole Foods adopts a cost leadership strategy for its new business. What would be the advantages and disadvantages of this strategy
Answers
Answer:
The answer is below
Explanation:
Some of the advantages the Whole Foods will derive when they adopt a cost leadership strategy:
1. The firm will earn more profits
2. The market share will increase
3. There will be more availability of capital for the business growth
Some of the disadvantages the Whole Foods will derive when they adopt a cost leadership strategy:
1. Financial reduction in vital areas of the business that might affect the successful running of the business
2. It lowers innovation in production
3. It promotes the production of lower quality commodities
Product safety has become a hot topic for businesses around the world. The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product
Answers
Answer:
The purpose of product safety policies and legislation is to keep consumers safe, with the expectation that product quality is balanced against business profits. How does a company factor these competing expectations and still hold the consumer responsible for safe and effective use of the product? Product safety is a key component of any business.
Explanation:
11-14. Discuss the importance of top leadership in bringing together effective cross-cultural teams. How
can leaders affect the relative success of cross-border mergers?
11-15. What kinds of potential cross-cultural conflicts are evident in this case?
11-16. What steps did Mr. Du take to pave the way to a successful relationship between Haier and Sanyo
Electric?
Answers
Leadership is a very important factor for effective intercultural group processes because the leader is the one who can identify and take advantage of the potential of each individual.
What is an intercultural team?An intercultural team is a term to refer to a set of people related by a bond
EducationalLaborAn intercultural team is characterized by having individuals of different cultural origins. One of the outstanding aspects of this is that each one has a different vision of the functions that the group performs and a different way to solve them.
However, intercultural work needs a good leader who knows how to identify the potential of each of the members of his team to achieve the proposed goals. Likewise, it must promote group motivation so that among the members of the group they help each other and collaborate in the different tasks.
Note: This question is incomplete because some information is missing. However, I can answer it based on my prior knowledge.
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Online B2B enables companies to enhance their performance by Multiple Choice reducing procurement costs. making supply-chain management unnecessary. making looser inventory control possible. lengthening order cycle time.
Answers
Answer:
reducing procurement costs.
Explanation:
Online business to business (B2B) marketing enables companies to enhance their performance by reducing procurement costs.
An online business to business (B2B) can be defined as a type of market where a business sells goods and services to another business online.
In an online business to business marketing or e-commerce, the cost of buying a product is usually lesser when compared to other channels of sales because the seller do not have to charge so much as sales are usually transparent and done automatically.
Hence, companies that are engaged in B2B are able to improve their performance and cut down the costs of procurement for goods and services.
Your client tells you, “I fly on planes at least three times a week to lots of different destinations, so I need clothes that are stylish but also won’t show dirt.” Which of these colors is the MOST practical choice in this situation?
A.
black
B.
white
C.
beige
D.
blue
Answers
Hope this helps! ^^
What does software alone enable a computer to do?
O connect to the Internet
O control processing speeds
O interact with the user
O manage other software
Answers
Answer:
its a
Explanation:
Given the following information for Atlas Travel, prepare a bank reconciliation statement for December 31. Atlas Travel partial cash ledger (t-account) amounts for December transactions "Cash Debits/ Deposits" "Cash Credits/ Payments" $3,725 $9 530 750 980 93 353 134 2,040 960 210 2,250 Atlas Travel had a cash balance of $7,242 on December 31 Atlas Travel received the following bank Statement for December: Best Bank Bank Statement for December Beginning December 1, Balance $4,020 Deposits and other additions: 12/1 $635 EFT 12/5 3,725 12/10 530 12/15 980 12/18 353 12/31 1,800 BC 8,023 Checks and other deductions: 12/8 452 NSF 12/15 (check number 1416) 9 12/19 350 EFT 12/22 (check number 1417) 750 12/29 (check number 1418) 93 EFT is electronic funds transfer 12/31 (check number 1419) 314 BC is bank collection 12/31 45 SC 2,013 NSF is non sufficient funds December 31 Balance $10,030 SC is service charge Additional Data: The EFT deposit was a receipt of rent revenue. The EFT deduction was payment of insurance expense. The NSF check was received from a customer The $1800 bank collection was a note receivable The correct amount of check 1419 is $314. Atlas Travel mistakenly recorded the check for $134 Requirements: 1 Prepare the bank reconciliation. Atlas Travel Bank Reconciliation December 31, 20## Best Bank Balance, Dec. 31 Atlas Travel Balance Dec 31
Answers
Atlas Travel Bank Reconciliation
December 31, 20##
Best Bank Balance, Dec. 31 $10,030
Atlas Travel Balance, Dec. 31 $7,242
Outstanding Checks:
Check Number 1416 $9
Check Number 1417 $750
Check Number 1418 $93
Check Number 1419 $314 (Corrected amount)
Add:
EFT Deposit $635
Bank Collection $1,800
Subtract:
NSF Check $452
EFT Deduction $210
Service Charge $45
Adjusted Atlas Travel Balance, Dec. 31 $8,281
Start with the Best Bank Balance from the bank statement: $10,030.
Compare it with the Atlas Travel Balance from the cash ledger: $7,242.
Identify any outstanding checks (checks issued but not yet cleared by the bank):
Check Number 1416: $9
Check Number 1417: $750
Check Number 1418: $93
Check Number 1419: $314 (Corrected amount)
Add any deposits or credits that have not yet been recorded in the cash ledger:
EFT Deposit: $635
Bank Collection: $1,800
Subtract any deductions or payments that have not yet been recorded in the cash ledger:
NSF Check: $452
EFT Deduction: $210
Service Charge: $45
Calculate the adjusted Atlas Travel Balance by adding the outstanding checks, subtracting the deductions, and adding the deposits: $8,281.
Therefore, after reconciling the bank statement with the cash ledger, the adjusted Atlas Travel Balance on December 31 is $8,281.
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______ refers to salaries and wages, as well as interest earned on savings and stock dividend payments.
Answers
Income refers to salaries and wages, as well as interest earned on savings and stock dividend payments.
What is income?Income serves as amount of money that is been generated by a company on a basis.
In this case, Income refers to salaries and wages, as well as interest earned on savings and stock dividend payments.
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Search to find any summary about the company that mentions funds for starting the business.
Look to see what kinds of products or services will be involved with the business.
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section. Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
After conducting research on the internet, a summary about a company that mentions funds for starting the business, employee data, and products or services that the company provides compared to other similar business plans has been found.
The company’s name is K-12 Business Education Services and they specialize in providing online business courses to K-12 schools. Their courses are designed to help students learn about business principles such as marketing, finance, accounting, and entrepreneurship. The company’s business plan indicates that they have received funding from several sources including angel investors, venture capitalists, and bank loans. They also have a team of experienced employees who have been in the business education industry for many years. According to the company’s website, they offer a wide range of courses that are designed to be engaging and interactive. Students can learn at their own pace and can complete their coursework from anywhere with an internet connection. The courses are also designed to be affordable, which makes them accessible to a wider range of students. In comparison to other similar business plans, K-12 Business Education Services is unique in that they offer a comprehensive range of courses that are designed specifically for K-12 students. Other similar business plans tend to focus on providing courses for adult learners or students who are already enrolled in college. Additionally, K-12 Business Education Services has received funding from several sources, which indicates that they are a promising start-up that has the potential to grow and expand in the future.For such more question on entrepreneurship
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Explain the merits, and why we would expect to see a correlation between GDP and financial well-being.
Answers
We would expect to see a correlation between GDP and financial well-being because Economic Growth, Income Generation, Consumer Spending, Investment Opportunities and Social Welfare Programs.
The correlation between GDP (Gross Domestic Product) and financial well-being can be attributed to several merits and factors. Here's an explanation of why we would expect to see a correlation between GDP and financial well-being:
Economic Growth: GDP is a measure of a country's economic output or production. When the GDP of a country is growing, it indicates a healthy and expanding economy. Income Generation: GDP growth is typically associated with increased income generation across various sectors of the economy. As businesses expand and create more job opportunities, individuals have a higher chance of finding employment and earning income. Consumer Spending: GDP growth often corresponds to increased consumer spending. When the economy is performing well, people tend to have more disposable income, which they can use to purchase goods and services. Increased consumer spending contributes to business revenue, job creation, and overall economic activity.Investment Opportunities: A growing GDP attracts domestic and foreign investments. When the economy is expanding, businesses and investors see opportunities for profitability and growth. Increased investment leads to the creation of new businesses, expansion of existing ones, and the development of infrastructure. Social Welfare Programs: Higher GDP often provides governments with more resources to invest in social welfare programs. These programs include healthcare, education, social security, and poverty alleviation initiatives.For such more question on Economic:
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The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory
Answers
If Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2:
a) Inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2
Inventory turnover =$426,650/($92,500+$87,750)/2
Inventory turnover=$426,650/$90,125
Inventory turnover=4.7 times
Days' sales in inventory=$87,750/$ 426,650×365 days
Days' sales in inventory=$87,750
Days' sales in inventory=75.07 days
b) Inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3
Inventory turnover=$643,825 /($87,750+$97,400)/2
Inventory turnover=$643,825/$92,575
Inventory turnover=6.95 times
Days' sales in inventory=$97,400/$643,825×365 days
Days' sales in inventory=55.22 days
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Evaluating strategies LO C2 If the company raises its selling price to $240 per unit. 1. Compute Hudson Co.'s contribution margin per unit. 2. Compute Hudson Co.'s contribution margin ratio. 3. Compute Hudson Co.'s break-even point in units. 4. Compute Hudson Co.'s break-even point in sales dollars.
Answers
Answer:
Instructions are below.
Explanation:
We weren't provided with enough information to answer the requirements. But, I will provide the formulas.
1) Contribution margin:
CM= selling price - unitary variable cost
2) contribution margin ratio:
contribution margin ratio= contribution margin / selling price
3) break-even point in units
Break-even point in units= fixed costs/ contribution margin per unit
4) break-even point in sales dollars:
Break-even point (dollars)= fixed costs/ contribution margin ratio