Answers
Answer:
True
Explanation:
Me brain big
Answer:
THE OTHER ANSWER IS WRONG! This is actually false, the steam engine and railway represent the second phase. It says so word for word in the lesson.
Explanation:
Related Questions
On January 1, 2023, the Tamarisk Company budget committee reached agreement on the following data for the six months ending June 30, 2023:
1. Sales units: First quarter 4,900; second quarter 6,000; third quarter 7,300 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending finished goods inventory: 25% of the next quarter's expected sales units 4. Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram.
Question: Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023.
Answers
The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.
Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.
Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.
Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.
information for the six months ended June 30, 2023:
First quarter: Starting inventory = 5,100 multiplied by 25%
Initial stock = 5,100 * 0.25
Starting stock is $1,275.
Desired final stock = 6,100
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Why should you be able to create, share, and maintain documents?
Answers
Answer:
it helps the business run smoother
Explanation:
in preparation of standard cost we consider what situation macroeconomics or microeconomics???
Answers
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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Most of the assets were bought a long
time ago and would worth much more
than the books show today.
What is the accounting principle?
Answers
Answer:
Historical cost principle
Explanation:
Assets must be recorded at cost value, not market value. When you record an asset, you cannot change its value every period, you have to keep using the historical value. This is why we use a separate account to record accumulated depreciation of assets, so that the purchase cost is always constant, but the net carrying value will vary depending on depreciation expense.
Market value changes and can be very volatile. Imagine a house, whose initial value was $300,000, then it increased to $500,000 but the market went down and its value was $350,000. It would be a mess to change the value and pay capital gains taxes, or then report a loss.
In Fiscal Year, 20XX Hong Hah manufacturing company producing A product, had information on Inventories Account as follows:
Direct Materials, Begging balance 78.000
Work in process, Begging balance 150.000
Finished Goods, Begging balance 186.000
Work in process, Ending balance 90.000
Direct Materials, Ending balance 144.000
Finished Goods, Ending balance 204.000
During 20XX, the manufacturing cost was incurred as bellows:
(1). Raw materials
£ 318.000
(2) Direct labour
€ 456,000
(3) Manufacturing Overhead
+ Indirect material € 14.400
+ Indirect labour € 31.200
+ Depreciation on plant and equipment € 114.000
+ Utilities £ 32.400
+ Others € 36.000
Additional Information, In 20XX, Sales revenues was € 1,320,0000 for the year. Selling and administrative expenses for the year amounted to € 138,000.
The corporate income tax rate is 30%.
Required
1. Prepare Schedule of Cost of Goods Manufactured for the year 20XX
2. Prepare Schedule of Cost of Goods Sold for the year 20XX
3. Prepare Statement of Profit or Loss for the year 20XX
Answers
Calculate the Cost of Goods Manufactured:
Direct Materials Used:
Beginning Balance of Direct Materials + Purchases - Ending Balance of Direct Materials
= £78,000 + £318,000 - £144,000
= £252,000
Total Manufacturing Costs:
Direct Materials Used + Direct Labour + Manufacturing Overhead
= £252,000 + €456,000 + €14,400 + €31,200 + €114,000 + £32,400 + €36,000
= €987,800
Total Manufacturing Costs + Beginning Work in Process Inventory
= €987,800 + €150,000
= €1,137,800
Cost of Goods Manufactured:
Total Manufacturing Costs + Beginning Work in Process Inventory - Ending Work in Process Inventory
= €1,137,800 - €90,000
= €1,047,800
Calculate the Cost of Goods Sold:
Cost of Goods Available for Sale:
Beginning Finished Goods Inventory + Cost of Goods Manufactured
= €186,000 + €1,047,800
= €1,233,800
Cost of Goods Sold:
Cost of Goods Available for Sale - Ending Finished Goods Inventory
= €1,233,800 - €204,000
= €1,029,800
Prepare the Statement of Profit or Loss:
Sales Revenue: €1,320,000
Cost of Goods Sold: €1,029,800
Gross Profit: Sales Revenue - Cost of Goods Sold
= €1,320,000 - €1,029,800
= €290,200
Selling and Administrative Expenses: €138,000
Operating Profit: Gross Profit - Selling and Administrative Expenses
= €290,200 - €138,000
= €152,200
Corporate Income Tax: 30% of Operating Profit
= 0.30 * €152,200
= €45,660
Net Profit: Operating Profit - Corporate Income Tax
= €152,200 - €45,660
= €106,540
Now, let's summarize the results in the requested formats:
1. Schedule of Cost of Goods Manufactured for the year 20XX:
Direct Materials Used £252,000
Direct Labour €456,000
Manufacturing Overhead:
Indirect Material €14,400
Indirect Labour €31,200
Add: Cost of Goods Manufactured €1,047,800
Cost of Goods Available for Sale €1,233,800
Less: Ending Finished Goods Inventory €204,000
Cost of Goods Sold €1,029,800
2. Statement of Profit or Loss.
Schedule of Cost of Goods Sold for the year 20XX:
Beginning Finished Goods: £186,000
Add: Cost of Goods Manufactured: £1,133,600
Cost of Goods Available for Sale: £1,319,600
Less: Ending Finished Goods: £204,000
Cost of Goods Sold: £1,115,600
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what is the meaning of Accounting?
Answers
Accounting is the process of recording financial transactions pertaining to a business.
Answer:
The meaning of accounting is the action of dealing with money like a bank for a example.
As we go from home operation to international operations, we can potentially receive a _______, but we can also see our ______ increase
Answers
As we go from home operation to international operations, we can potentially receive a rise in our costs, but we can also see our profits increase. This is about business expansion.
What is business expansion?
When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.
Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.
It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.
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Requirement 3. If Radig Travel expects each helicopter to make, on average, 1,200 round-trips in the coming year, what should its estimated operating budget for the helicopter fleet be? Radig Travel's estimated operating budget for all 8 helicopters in the fleet combined should b
Answers
Answer:
the first part of the question is missing:
"Radig Travel offers helicopter service from suburban towns to John F. Kennedy International Airport in New York City. Each of its 8 helicopters makes between 1,000 and 2,000 round-trips per year. The records indicate that a helicopter that has made 1,000
Round-trips in the year incurs an average operating cost of $300 per round-trip, and one that has made 2,000 round-trips in the year incurs an average operating cost of $250 per round-trip.
Using the high-low method, estimate the annual operating costs:"
variable costs per trip (per helicopter) = ($500,000 - $300,000) / (2,000 - 1,000) = $200,000 / 1,000 = $200 per trip
fixed costs = $500,000 - (2,000 x $200) = $500,000 - $400,000 = $100,000
the estimated operating budget per helicopter = $100,000 + (1,200 x $200) = $100,000 + $240,000 = $340,000
operating budget for the whole fleet (8 helicopters) = 8 x $340,000 = $2,720,000
Transaction exposure manifests itself when MNCs engage in each of the following, except: Group of answer choices Forward market. Acquiring assets/Incurring liabilities in foreign currency Buying/Selling on credit in foreign currency. Swap market /Options market. Futures market.
Answers
Answer:
Forward market.
Explanation:
Transaction exposure represent the uncertatinity level where the business is involved in the trade that to be done on the international level. It is the risk where the currency exchange rate fluctuates when the financial obligation is undertaken by the firm
So as per the given situation, it engaged in all the things except the forward market because in all other things it is engaged by the MNC
Therefore the first option is correct
How can problem solving skills assist a grade 12 leaver in the world of work
Answers
Answer:
what is a warm front occlusion
Explain the following terms: (1Mark each)
a) Family business
b) Innovation
c) Small business
d) Networking
e) Entrepreneurship
Answers
a)A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals.
a)Family business, as the name suggests, is the organization which is actively owned, operated and managed by two or more members of the single-family. b)Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. c)Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. d)Networking is the process of making connections and building relationships.
e)Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
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Product Development Plan
If you can remember back to Marketing 1a, in Unit 7 you created a mind map for a fictitious product or service that you might like to one day turn into a reality…well, this activity is somewhat inspired by that activity! You’ll be creating a detailed flow chart (or something similar) that lays out your step-by-step plan for coming up with, developing, creating, and releasing a new product or service!
You are welcome to go back to the work that you did in Marketing 1a for Unit 7 and use that same product or service, or you can come up with a new product/service just for this activity. Either way, make sure that you save the work you do in this activity in a safe place for use in later units throughout this course.
After you have decided on a fictitious product/service to use for this activity, use a combination of information from the unit, online research, and your own creativity and innovation to create a flow chart of sorts that maps out a step-by-step plan for the development of this product/service.
Before we get into the formatting details of this visual plan, let’s go over all of the information that you will need to include:
Describe your product/service.
What is the unique value of this product/service?
What will your market information management strategy be? Who is your target market?
Evaluate the types of product/service management and assess the needs of product/service management as they relate to your project choice. What is the nature and scope of the product/service management function?
How will you address quality assurance?
Why is it important to understand and prioritize the quality of your product/service?
What, if any, are the grades and industry standards that you will need to consider with your product?
What will be included in your product mix? What is the importance of a product mix? Address as many of the following items as possible at this point in the development process of your product/service:
Product: the product or service sold by the company
Price: how much it will cost the customer
Place: where the business will sell its product or service and how the customer will receive it
Promotion: the communication techniques the company will use to tell the public about their business
People: the staff required to create a competitive advantage
Process: the systems used to deliver the final product or service
Physical Evidence: the packaging and presentation of the finished product or service
What is your positioning statement?
Make sure to address and assess as many of the four critical elements as you can at this point in your product/service development process.
Identify and explain any other market product considerations, as well.
Now, considering that you are at the beginning stages of this product/service development and will be working on it and adding to it in future units, it is important to keep in mind that much of this information will likely change or be tweaked along the way. In other words, you are not locked-in to whatever you decide in this product/service development chart. Do your best to answer and address all of the required information.
With regard to how this chart/visual plan should be formatted or organized, really the sky is the limit! The information should be laid out in a chronological manner, and it must include specific, detailed information about your product/service. Other than that, you can truly organize this however you feel works best. Make it as creative and innovative as the product/service you are developing!
Here are some examples for inspiration (you do NOT have to format your chart to look like these, or you can if you want to!):
Answers
Project managers, marketers, and creatives all use mind maps as powerful motivators for their teams. Mind maps organize "timelines, dependencies, and duties" in addition to inspiring employees' creativity.
What does a product mean exactly?An item or service that you offer to fulfill a customer's need or desire is referred to as a product. Both real and virtual ones are possible. Physical objects come in two varieties: nondurable products and durable things, such as computers, furniture, and automobiles (like food and beverages).
What qualities does the product possess?The qualities of a product that need to be regulated are its characteristics. Size, form, weight, color, quality, hardness, etc. are a few examples of product attributes. Your product and how its functional design criteria have been created will determine the list of product attributes.
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Companies should take the expectations of the broader community into
account when making decisions.
True or false
Answers
importance of constitutional law to Ghana's development
Answers
The importance of constitutional law to Ghana's development is it establishes the structure, procedures, powers and duties of the government, structure of the judiciary and legislature, and spells out the fundamental rights and duties of citizens.
What is constitutional law?It is body of law based on a ratified constitution or similar formative charter dealing with the fundamental principles by which a government exercises its authority. The the body of rules, doctrines, and practices that govern the operation of political communities is known as constitutional law.
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Your company is considering two investments: buying 10% of the sharesin a publicly traded American company that owns five power generation units in Paksitan, or partnering equally with one other private company in building a new power generation unit in Pakistan. For which project would the required return be higher? Cite two reasons why?
Answers
Answer:
First project
Explanation:
The 2 options/ project been considered:
1. Buying 10% of shares in a publicly traded american company that owns five power generation units in Pakistan
2. To be partner with equal share with one private company in building a new power generation unit in Pakistan
The first option/project would have a higher required return because:
- This company is already settled in the country having five power generation units in Pakistan. All these units are running and making profit.
- Investment Option 2 is high riskier as we do not know the details of the new company and there are so many unforeseen circumstances surrounding establishing such project in the company. It will also take time to establish in order to start make it profitable.
A firm says it cut its labor costs by 35 percent between 2014 and 2019. Workers were paid a wage rate, including benefits, of $80 an hour in 2014 and $58 an hour in 2019. If the CPI was 202 in 2014 and 218 in 2019, did the real wage rate fall by more or less than 35 percent?
Answers
If the workers were paid a wage rate, including benefits, of $80 an hour in 2014 and $58 an hour in 2019. If the CPI was 202 in 2014 and 218 in 2019, did the real wage rate fall by more or less than 35 percent?
Between year 2014 and year 2019, the real wage rate fell by less than 35 percent.Calculation for the real wage rate in 2014
Using this formula
2014 Real wages=2014 Wage rate/2014 CPI×100
Let plug in the formula
2014 Real wages=$80/202×100
2014 Real wages=39.60%
Calculation for the real wage rate in 2019
Using this formula
2019 Real wages=2019 Wage rate/2019 CPI×100
Let plug in the formula
2019 Real wages=$58/218×100
2019 Real wages=26.61%
Based on the above calculations between year 2014 and year 2019, the real wage rate fell by less than 35 percent.
Inconclusion if the workers were paid a wage rate, including benefits, of $80 an hour in 2014 and $58 an hour in 2019. If the CPI was 202 in 2014 and 218 in 2019, did the real wage rate fall by more or less than 35 percent?
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Eagle Products’ EBIT is $400, its tax rate is 30%, depreciation is $16, capital expenditures are $56, and the planned increase in net working capital is $25. What is the free cash flow to the firm?
Answers
Answer:
$215
Explanation:
Eagles product has an EBIT of $400
Its tax rate is 30%
= 30/100
= 0.3
The depreciation is $16
The capital expenditures are $56
The planned increase in net working capital is $25
Therefore, the free cash flow to the firm can be calculated as follows
Free cash flow= EBIT(1-tax)+depreciation-capital expenditures- change in working capital
= 400(1-0.3)+16-56-25
= 400-120+16-56-25
= $215
Hence the free cash flow to the firm is $215
I am better at my job than most of the other people who have the same job title agree or disagree
Answers
Disagreed. You cannot say that you are better at your job than others who have the same job title.
How to answer questionnaire questions?While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.
The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.
In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.
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Derek is a gymnast, and his favorite event is the rings. To score well, he is required to hold a position for several seconds before continuing into the next move. In his favorite move, he performs shoulder abduction to form a T and then holds it without moving. While Derek is holding this position, what type of contraction is his deltoid performing?
A. An eccentric contraction
B. A concentric contraction
C. A static contraction
D. A dynamic contraction
Answers
Answer:
C. A static contraction
Explanation:
I just got it right on the test.
assume that company a makes a $40-per-share offer for company b. company b now trades at $30 per share. also assume that the deal is expected to close in 90 days. if the deal closes, then the risk arbitrager's return would be:
Answers
To get a job in the skilled trades, you normally need a bachelor's degree or higher in the trades. Many construction supervisors, electricians, and welders make an average yearly salary of over $100,000.
There is no requirement for two years or less of advanced education for vocational skills. managers of factories. quality control professionals. technicians for general maintenance. engineering mechanics. One of the professions in the skilled crafts that is simple to learn is welding. With enough hands-on experience, you can learn how to weld in less than six months. Let's say you find a job you like that pays well and has reasonable hours. You may dig your teeth into welding and have opportunities for promotion. Agent for real estate. You may start selling real estate right now, and the possibilities is endless.
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9. Give four reasons why Omondi satisfy hunger for food before going entertainment (4mks) 10. Highlight four differences between goods and services (4mks) Services
Answers
The reason why Omondi will satisfy hungler for food before going to Chaka Ranch for entertainment includes:
Basic wants are essential for survival. Resources are limited. Hunger pangs can be distracting/It can interfere with his enjoyment of the entertainment.Why does Omondi satisfy his hunger?By eating first, he can fully focus on and enjoy the entertainment without feeling uncomfortable or distracted by hunger. The entertainment venues also offer expensive and unhealthy food options, which may not be suitable for Omondi's dietary preferences or budget.
By eating, he can avoid spending money on unnecessary food or consuming food that does not align with his dietary choices. Also, some entertainment venues may not offer food at all.
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2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.
Answers
i) The expected number of customers who will make a purchase in the current month is 4.
ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.
(i) For the current month:
Number of people entering the store = 10
Probability of making a purchase = 40% = 0.4
Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase
Expected number of customers making a purchase = 10 * 0.4
Expected number of customers making a purchase = 4
Therefore, the expected number of customers who will make a purchase in the current month is 4.
(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).
For the current month:
n = Number of people entering the store = 10
p = Probability of making a purchase = 0.4
q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6
Standard deviation (σ) of a binomial distribution is given by the formula:
σ = √(n * p * q)
Substituting the values:
σ = √(10 * 0.4 * 0.6)
σ = √(2.4)
σ ≈ 1.55
Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Answers
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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The amount of a company’s sales revenue that remains after subtracting the “cost of goods sold,” a standard accounting measure of the costs of manufacturing or acquiring the items that are sold. Explain
Answers
Answer:
you can use both. but not sure.
If you borrow $700 for 6 months at 8% annual simple interest, how much must you repay at the end of the 6 months
Answers
Answer:
\(\$728\)
Explanation:
Let P denotes principal amount, R denotes rate of interest and T denotes time period.
Principal amount \((P)=\$700\)
Rate of interest \((R)=8\%\)
Time \((T)=6\) months \(=\frac{6}{12}=\frac{1}{2}\) years
Simple interest \(=\frac{PRT}{100}=\frac{700(8)(\frac{1}{2}) }{100} =\$28\)
Amount paid at the end of 6 months = P + Simple interest \(=700+28=\$728\)
National Bank offers a loan at 13.5% per year, compounded weekly (Assuming there are 52 weeks per year). United Bank offers a loan at 13.7% per year, compounded semi-annually. If you are going to borrow money from one of these two banks, which bank you should go for
Answers
Answer:
United Bank
Explanation:
assuming that I need to borrow $1,000, if I borrow money from:
National Bank, interest + principal due in one year = $1,000 x (1 + 0.002596)⁵² = $1,144.34
weekly interest rate = 0.2596%
United Bank, interest + principal due in one year = $1,000 x (1 + 0.0685)² = $1,141.69
semi annual interest rate = 6.85%
Since the amount of money owed to United Bank is lower, then I should go there.
Derek Davis, the sole proprietor of DD's Jam Shoppe, started trading on 1 January 2015 and provides you with the following list of balances which was extracted from his books on 31 March 2015. §. Inventory on 31 March 2015 was valued at · . ● Bank . Cash Accounts Receivable Accounts Payable Fixtures, Fittings and Equipment Premises Capital Transportation Out Discounts Wages and Salaries Utilities (including water rates) Rent Revenue Loan 1 Gross Income 1 654 6 875 9020/JANUARY/F 2016 699 450 7 780 25 000 396 160 4 750 1 180 1922 32 484 Additional information at 31 March 2015: Fixtures, Fittings and Equipment is to be depreciated at 20% per annum, using the straight line method. 185 3 000 2 560 8 793 One employee has not yet been paid his wages of $900. The Water Company has a credit of $160 for payment received in advance. 4 Mr Davis rents part of his shop premises to a tenant, who owes $1 500 in rent for the month of March. Interest is to be calculated on the Loan at the rate of 15% per annum.
Answers
Here is the financial statement for Derek Davis's sole proprietorship:
The financial statementDerek Davis, sole proprietor of DD's Jam Shoppe, had the following balances as of March 31, 2015:
Cash: $1,654
Accounts receivable: $6,875
Inventory: $9,020
Accounts payable: $4,500
Fixtures, fittings, and equipment: $7,780
Premises: $25,000
Capital: $39,616
Transportation out: $160
Discounts: $4,750
Wages and salaries: $1,180
Utilities (including water rates): $1,922
Rent revenue: $32,484
Loan: $185
Gross income: $8,793
Additional information:
Fixtures, fittings, and equipment are to be depreciated at 20% per annum, using the straight line method.
One employee has not yet been paid his wages of $900.
The Water Company has a credit of $160 for payment received in advance.
Mr. Davis rents part of his shop premises to a tenant, who owes $1,500 in rent for the month of March.
Interest is to be calculated on the Loan at the rate of 15% per annum.
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On October 1, 2020, Mertag Company (a U.S.-based company) receives an order from a customer in Poland to deliver goods on January 31, 2021, for a price of 1,000,000 Polish zlotys (PLN). Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months (on January 31, 2021). U.S. dollar–Polish zloty exchange rates are as follows:
Date Spot Rate Forward Rate
(to January 31, 2021)
October 1, 2020 $ 0.25 $ 0.29
December 31, 2020 0.28 0.31
January 31, 2021 0.30 N/A
Mertag designates the forward contract as a fair value hedge of a foreign currency firm commitment. The fair value of the firm commitment is measured by referring to changes in the forward rate, and, therefore, forward points are included in assessing hedge effectiveness. Mertag must close its books and prepare financial statements on December 31. Discounting to present value can be ignored.
Prepare journal entries for the foreign currency forward contract, foreign currency firm commitment, and export sale.
Determine the net benefit, if any, realized by Mertag from entering into the forward contract.
Answers
Answer: JANUARYYYYYYYYYYYYYYYYYYY
Explanation:
Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months SO IT WILL BE JANUARYYYY
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The current portion of long-term debt should
a. be paid immediately
b.not be separated from the long-term portion of debt
c. be reclassified as a current liability
d. be classified as a long-term liability
Answers
The current portion of long-term debt should be classified as a long-term liability. Thus, option (d) is correct.
What is debt?
The phrase “debt” refers to the money that one can borrow. Debt is the cash raised by issuing bonds or debentures.
A company's ability to pay off a long-term debt's current component within a year is represented by this number. So, a sum of this magnitude that is due in the next 12 months shouldn't be listed as a long-term liability.
Therefore, option (d) is correct.
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1. Concave Systems presently has earning interest and taxes of
$6 million. Its interest expenses are $1,000,000 a year, and it
pays $600,000 in annual dividends to its shareholders. Concave
has 300, 000 common shares outstanding, and its tax rate is 40
percent. Its annual capital expenditures are $900,000. Concave's
present priceto-earning ratio is 8.
a. Calculate the company's earnings per share and interpret.
b. Calculate the company's dividend payout ratio and interpret. 目
c. Calculate the company's dividend yield and interpret.
Answers
The company's earnings per share is 20, dividend payout ratio is 0.1 and dividend yield is 1.25.
What is Dividend payout?The dividend payout is the ratio between dividend per equity share and earning per equity share.
Earning per share = Earning net interest and tax/ Number of shares outstanding
= $6,000,000/3,00,000
= 20
Dividend per share = Total Dividend/ No of shares
= $600,000/300,000
= $2
Dividend payout ratio = Dividend per share/Earning Per Share
= $2/20
= 0.1
Market value per share = P/E Ratio × Earning per share
= 8 × 20
= $160
Dividend Yield = Dividend per share/ Market Value Per Share
= $2/$160×100 = 1.25
Therefore the earning per share indicates the earnings of the company is attributable to the equity shareholders. The company's dividend payout ratio and dividend yield ratio indicate the percentage of earnings paid to shareholders via dividends.
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