Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One of the primary products, Model ZX40, has a standard labor time of 0.5 hour and a standard labor rate of $12.50 per hour. During February, the following activities pertaining to direct labor for ZX40 were recorded:

Direct labor hours used 2,230
Direct labor cost $34,000
Units of ZX40 manufactured 4,800

Required:
a. Determine the labor rate variance.
b. Determine the labor efficiency variance.
c. Determine the total flexible budget labor cost variance.

Answers

Answer 1

Answer:

A = $6,125

B = $2,125

C = $6,125

Explanation:

Standard Labor Time = 0.5 hours, Standard Labor rate = $12.50 per hour, Standard Time = 4800 * 0.5hour P U = 2400 hours

Actual labor time used = 2,230, Direct labor Cost = $34,000 per hour =$15.25 , Units manufactured = 4,800

(a) Labor Rate Variance = Actual Cost - standard cost of Actual Hours = $34,000 - ($12.50 * 2230) = $34,000 - $27,875 = $6,125 Favorable

(b) Labor Efficiency Variance = Standard Cost of Actual Hours - Standard Cost = (2,230 * 12.50) - (12.50 * 2400) = $27,875 - $30,000 = $2,125 Unfavorable

(c) Flexible budget labor cost variance = Flexible Budget cost - Actual Cost = (Actual qty * Std Rate) - (Actual qty - Actual Rate) = (2,230 * $12.50) - $34,000 = $27,875 - $34,000 = $6,125 Unfavorable


Related Questions

g Suppose you are thinking of loaning out some money. You would like to get a real rate of return of 10% on your loan and the rate of inflation is anticipated to be 4%. What interest rate should you charge on your loan

Answers

Answer:

14%

Explanation:

20 points to the best one !!

Answers

Answer:

The answer is "Knowledge discovery & predictions category or anomalous detention assessment or Data mining".

Explanation:

Regression is a type of analysis in which some parameters' relationships are determined by the values of other variables, whereas departure detection is a type of analysis wherein the goal is to find changes in data from previously observed values. Enigma detaining analysis, often known as knowledge discovery analysis, is a sort for anomaly incarceration analysis, while regression is classed as a forecast.

As Laura checks items off her meeting agenda and various individuals provide input and insight, she beams at her team. She is so proud of the work they do at her clinic every day. They have always been a very high performing team, and for that, she has always been thankful.
Select the statement that is true about high performing teams.
a) High performing teams are able to come up with more rapid solutions and have increased productivity.
b) High performing teams never face obstacles.
c) High performing teams should only have about 4-6 members.
d) High performing teams are most effective when all members share the same skills and experience.

Answers

Answer: a) High performing teams are able to come up with more rapid solutions and have increased productivity.

Explanation:

A high performing team is as the term implies, one that is productive. To be productive one has to be able to come up with solutions to problems as fast as possible and implement those solutions so as to continue or even increase production.

A high performing team is one that would do the above. Laura's team provides inputs and insights which means they come up with solutions and they also show up to work every day to be productive. They are indeed a high performing team.

The demand curve for Widgets is given by QD = 6000 - 2y - 200p + 30pG, where QD is the quantity of widgets demanded, y is the per capital income and pG is the price of Gizmos. An increase in per capital income will cause A) demand shifts left. Can you explain this step by step. How do i go about solving such problems?

Answers

Answer:

An increase in y which is per capital income will cause demand curve to shift left.

Explanation:

In theory of demand, the following are two categories that can happen to the demand curve:

1. Change in quantity demanded: This is a movement along the demand curve which is caused only by the change in the price of the commodity. When the price falls, there will be a movement to the right along the demand curve indicating an increase in quantity demanded. But when the price increases, there will be a movement to the left along the demand curve indicating a decrease in quantity demanded.

2. Change in demand: This is a bodily shift of demand curve caused by others factors affecting the demand of a commodity except price. The demand curve will shift to the right when there is an increase in any of the factors that has positive effect on the demand for the commodity to indicate an increase in demand for the commodity. However, the demand curve will shift to the left when there is an increase in any of the factors that has negative effect on the demand for the commodity to indicate a decrease in demand for the commodity.

From the question, y falls into the second category which is Chang in Demand. Since the sign before 2y in the demand curve for Widgets is negative, that implies that y as a factor affecting the demand for Widgets has a negative effect on the demand for Widgets. Therefore, an increase in y which is per capital income will cause demand curve to shift left.

The contribution margin ratio is:_______.
a. contribution margin divided by sales.
b. sales divided by variable expenses.
c. sales divided by contribution margin.
d. sales divided by fixed expenses.

Answers

Answer:

a. contribution margin divided by sales

Explanation:

The contribution margin ratio is the relationship between contribution and sales. The contribution margin ratio is determined by dividing contribution with the sales amount.

One way marketing intermediaries improve marketing efficiency is by reducing the number of exchange relationships necessary to move goods through the channel of distribution.
a) true
b) false

Answers

True you have to have a way to move things so other things can get better

Chilly Moose Fruit Producer has a total asset turnover ratio of 3.50x, net annual sales of $40 million, and operating expenses of $18 million (including depreciation and amortization). On its balance sheet and income statement, respectively, it reported total debt of $2.50 million on which it pays a 11% interest rate.
To analyze a company's financial leverage situation, you need to measure the firm's debt management ratios. Based on the preceding information, what are the values for Chilly Moose Fruit's debt management ratios?
Ratio Value
Debt ratio
Times-interest-earned ratio
The US tax structure influences a firm's willingness to finance with debt. The tax structure more debt.

Answers

Answer:

Total Assets Turnover =  Sales/Total Assets

Total Assets = Sales / Total Assets Turnover

Total Assets = 40 / 3.50

Total Assets = 11.43

Debt Ratio = Debt / Total Assets

Debt Ratio = 2.50/11.43

Debt Ratio = 0.2188

Debt Ratio = 0.22

EBIT = Sales - Operating Expenses

EBIT = 40 - 18

EBIT = $22

Interest = $2.50*11%

Interest = 0.275

EBIT/Interest = $22/0.0.275

EBIT/Interest = $800

The US tax structure influences a firm's willingness to finance with debt. The tax structure encourages more debt.

Red Co. recorded a right-of-use asset of $140,000 in a 10-year finance lease. Payments of $22,784 are made annually at the end of each year. The interest rate charged by the lessor and known by Red was 10%. The balance in the lease payable after two years will be: (Round your final answer to the nearest whole dollar.)

Answers

Answer: $121554

Explanation:

Lease liability = $140,000

Less: Lease liability in 1st year= $8784

Lease payable after one year = $131216

Less: Lease liability in 2nd year = $9662.40

Lease payable after 2nd year = $121553.60 = $121554

Note:

Lease liability in 1st year:

= $22,784 - (10% × $140000)

= $22784 - $14000

= $8784

Lease liability in 2nd year:

= $22784 - (10% × $131216)

= $22784 - $13121.60

= $9662.40

If you are a director of a tea company, what will you do with functional management (POLC)? You are required to make a detail plan which explains clearly about functional management.

Answers

Answer:

Make someone else director

Explanation:

I would be too lazy to do that. ;)

The four primary functions of managers are planning, organizing, leading, and controlling. By using the four functions, managers work to increase the efficiency and effectiveness of their employees, processes, projects, and organizations as a whole.

Given D: Annual use of a particular item, in number of items per year Q: Number of items ordered in one purchase order, in units SS: Safety stock, in units L: Lead time, in fraction of a year I: Current inventory on hand, units Reorder point can be expressed as ______ (x below denotes the multiplication sign).

Answers

Answer:

D×L + SS

Explanation:

The reorder point (ROP) is the inventories or stock level for a certain product that, when attained, initiates the reordering of more inventories. The lead time it will take to refill inventories is taken in when computing the reorder points for different stock holding units. This ensures inventory levels do not approach zero.

Computing reorder points necessitates a thorough understanding of purchase habits over a specific time period. The more ROP you compute for each product, the better you'll be able to anticipate future demand and guarantee you're using the reorder quantity calculation appropriately.

From the given information in the question:

The reorder point can be determined by using the formula:

Reorder point = Demand (D) at the point of leas time (L) with the addition of safety stock (SS)

Reorder point = D×L + SS

Kaluzniak Corporation leased equipment to Moeller, Inc. on January 1, 2020. The lease agreement called for annual rental payments of $1,137 at the beginning of each year of the 3-year lease. The equipment has an economic useful life of 7 years, a fair value of $7,000, a book value of $5,000, and Kaluzniak expects a residual value of $4,500 at the end of the lease term. Kaluzniak set the lease payments with the intent of earning a 6% return, though Moeller is unaware of the rate implicit in the lease and has an incremental borrowing rate of 8%. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature.

Required:
a. Explain (and show calculations) how Kaluzniak arrived at the amound of the rental payments used in the lease agreement.
b. Prepare the entries for Kaluzniak for 2017.
c. How would Kaluzniak's accounting in part (a) change if it incurred legal fees of $700 to execute the lease documents and $500 in advertising expenses for the year in connection with the lease?

Answers

Solution :

a). Fair value of the leased asset                                        $ 7000

Less: [tex]\text{Present value}[/tex] of unguaranteed residual                   $ 3778.29

value [4500 x PV(6,3%)]

Amount to be recovered through lease payment              $ 3221.71

Three periodic lease payment                                              $ 1137.05

Rental payments                                                                    $ 1137.00

b).  Journal entries in the books of Kaluzniak.

Date                       Particulars                                             Debit($)      Credit($)

2020 Jan 1  Cash account                                                    1137          

                    To unearned lease revenue                                               1137

Jan 1             Unearned lease revenue                                 1137          

                    To lease revenue                                                                1137

Dec 31          Depreciation expense                                     714.29      

                    To accumulated depreciation equipment                         714.29

c).  

Date                       Particulars                                           Debit($)     Credit($)

Jan 1, 2020       Legal fee                                                      700          

                           To cash                                                                         700

Jan 1                   Advertisement                                              500

                            To cash                                                                        500

Swifty Corporation took a physical inventory on December 31 and determined that goods costing $215,000 were on hand. Not included in the physical count were $27,000 of goods purchased from Marigold Corp., FOB, shipping point, and $20,000 of goods sold to Concord Corporation for $34,000, FOB destination. Both the Marigold purchase and the Concord sale were in transit at year-end.

Required:
What amount should Swifty report as its December 31 inventory?

Answers

Answer:

$262,000

Explanation:

Ending inventory = Goods on Hand + Cost Goods purchased from Marigold Corp + Cost of goods sold to Marigold Corp.

Ending inventory = $215,000 + $27,000 + $20,000

Ending inventory = $262,000

So, the amount that should Swifty report as its December 31 inventory is $262,000.

When an Accounts Payable department improves their information system resulting in faster payments to vendors, without the Accounts Receivable Department doing the same, leading to a cash flow crunch, what can we say happened in decision-theoretic terms

Answers

Answer: C) suboptimization

Explanation:

The Accounts Payable department's system has been optimized yet the Accounts receivable's system has not been optimized. This means that the company as a whole is suboptimized because only one department was optimized and the other was not.

It can lead to problems such as a credit crunch because the company is paying cash faster than it is receiving it. If both departments were optimized, this wouldn't be the case as the payments and receipts would tally.


33. ĐỘ CO GIÃN CỦA CẦU Khi một mặt hàng được
định giá p đô-la mỗi đơn vị, cầu của người tiêu
dùng là q đơn vị, trong đó và q liên hệ với nhau
bởi phương trình q+ 3pq = 22.
a. Tính độ co giãn của cầu theo giá đối với mặt
hàng này.
b. Với đơn giá là $3, cầu là co giãn, không co giãn
hay co giãn đơn vị?

Answers

Answer:

yyyyyyyyyyyuuuuuuuuu

"All three levels are required to run an organization or a business smoothy"Justify the statement.​

Answers

Answer:

"All three levels are required to run an organization or a business " according to my point of view it is true without anyone levels (sector) business or organization not imagine to run

Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $11 million. Bowen owes his local bank $9 million. Last year Bowen sold $10 million worth of cotton. His variable operating costs were $8 million; accounting depreciation was $40,000, although the actual decline in value of Bowen's machinery was $60,000 last year. Bowen paid himself a salary of $50,000, which is not considered part of his variable operating costs. Interest on his bank loan was $400,000. If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived if the farm were sold to earn 10% annually. (Ignore taxes.)

Required:
a. What is Bowen's accounting profit?
b. What is Bowen's economic profit?

Answers

Answer:

A. $1,510,000

B. -$10,000

Explanation:

a. Calculation to determine Bowen’s Accounting profits

Using this formula

Accounting profits = Total revenue - Explicit cost

Let plug in the formula

Accounting profit = $10 million - $8 million - $40,000 - $400,000 - $50,000

Accounting profit= $1,510,000

Therefore Bowen’s Accounting profits is $1,510,000

b. Calculation to determine Bowen’s Economic profit

Using this formula

Economic profits = Accounting profit - Implicit cost

Let plug in the formula

Economic profits = $1,510,000 - [($11,000,000*0.1) + $30,000 + ($60,000 - $40,000)]

Economic profits =$1,510,000 - [$1,100,000+ $30,000 + $60,000 - $40,000)]

Economic profits =$1,510,000-$1,150,000

Economic profits =-$10,000

Therefore Bowen’s Economic profit is -$10,000

Best Buy Electronics sells computers and provides hardware maintenance services. On April 1st, Best Buy sold a package deal containing a computer and a one-year unlimited maintenance/repair service for the computer at a bundle price of $1,000. If sold separately, the computer costs $840 and the one-year unlimited maintenance/repair service costs $360. How much revenue does Best Buy Electronics recognize for the month ended April 30th, assuming that revenue is accrued monthly?
a. $985.50
b. $19.50
c. $821.25
d. $1,000

Answers

Answer:

C. $725

Explanation:

Calculation to determine How much revenue does Best Buy Electronics recognize for the month ended April 30th, assuming that revenue is accrued monthly

Total cost if sold separately = 840 + 360

Total cost if sold separately = 1200

% of Computer = 840/1200

% of Computer= 70%

% of maintenance = 360/1200

% of maintenance= 30%

Revenue to be recognized for the month for computer

Revenue = 1,000 * 70%

Revenue = $700

Revenue to be recognized for the month for maintenance service costs

Revenue = (30% * 1000)/12

Revenue = 300/12

Revenue = $25

Total amount to be recognized =$700+ $25

Total amount to be recognized =$725

Therefore How much revenue does Best Buy Electronics recognize for the month ended April 30th, assuming that revenue is accrued monthly will be $725

Cullumber Enterprises has total current assets of $345,002 and fixed assets of $466,306. The company also has long-term debt of $287,400, $100,000 in its common stock account, and retained earnings of $187,570. What is the value of its total current liabilities

Answers

Answer: $236,338

Explanation:

The accounting equation is:

Assets = Equity + Liabilities

Assets = Fixed assets + Current Assets

Equity = Common stock + Retained earnings

Fixed assets + Current Assets = Common stock + Retained earnings + Long term debt + Current liabilities

466,306 + 345,002 = 100,000 + 187,570 + 287,400 + Current liabilities

811,308 = 574,970 + Current liabilties

Current liabilities = 811,308 - 574,970

= $236,338

The makers of Whirlpool washers and other electrical appliance manufacturers need to be concerned about the kind and availability of electricity in the global marketplace. If there were a compatibility problem, it would be the result of a _____________difference.
a. technological
b. cultural
c. societal
d. economic

Answers

Answer:

a. technological

Explanation:

since in the given situation it is mentioned that the manufactured are concerned with respect to the availability of the electricity in the global marketplace. Now when the compatibility problem is there so this is the technological difference as here the compatibility is to be seen whether it is fiited or not

Therefore the option a is correct

Erica Shotwell's company pays her $18.92 per hour for regular time up to 40 hours, and time-and-a-half for overtime. Her time card for Monday through Friday last week had 8.3 8.8, 7.9, 9.4, and 10.6 hours. What was Erica's gross pay?

Answers

Answer:

Erica Shotwell's Company

Erica's gross pay for working 45 hours during the last week is:

= $898.70

Explanation:

a) Data and Calculations:

Regular pay per hour = $18.92

Overtime pay per hour = $28.38 ($18.92 * 1.5)

Week Day        Hours worked

Monday                      8.3

Tuesday                     8.8

Wednesday               7.9

Thursday                   9.4  

Friday                       10.6

Total hours worked 45

Regular pay = 40 * $18.92 =         $756.80

Overtime pay = 5 * $28.38 =            141.90

Erica's gross pay for the week = $898.70

Four fundamental factors affect the cost of money:
1. The return that borrowers expect to earn on their investments
2. The preference of savers to spend their income in the current period rather than delay their consumption until some future period
3. The risks associated with the investment
4. Expected inflation
Consider the following statements that address these factors, and indicate if you think each statement is true or false.
Statement
True
False
Investments providing cash flows that are more likely to equal their expected value are said to exhibit more risk.
The actual relationship between the risk-free rate of return (r*r*) and the expected future inflation rate or inflation premium (IP) is actually multiplicative—that is, [(1 + rRFrRF) x (1 + IP)] – 1—but it is often simplified to reflect an additive relationship.
All things being equal, rational savers and investors prefer to invest in an asset that provides a 12% return rather than one that provides an 8% return.
All things being equal, savers and investors prefer more risk to less risk and prefer lower risk premiums on projects exhibiting higher levels of risk.
On average and everything else held constant, an investment that can provide a 4% return should attract more investment capital from savers/investors than an otherwise identical investment that can generate a 12% return.

Answers

Answer:

True statement is:

All thing being equal, savers and investors prefer more risk to less risk and prefer lower risk premiums on projects exhibiting higher levels of risk.

Explanation:

Investors wish to receive less risk and more return. They prefer from more risk to lesser risk and receive risk premium on project that exhibit higher level of risk and delayed compensation. A project with 12% return will be more riskier than a project with 8% return. Rate of return increases as the level of risk increases.

In spite of people living longer and healthier lives, stereotypes about older workers being hard to manage and slow to adapt to new technologies still persist. How do the media contribute to and reinforce these perceptions?
(your answer must be a minimum of 200 words) ​

Answers

Answer:

I think although older workers may need a rather difficult time learning new technological concepts, nothing takes from them the dedication and commitment they will bring back any company.

Explanation:

The media contributes to its idea pretty vastly. If the media promoted more within the older generation it'll help reinforce the commitment and drive of the elderly. They do not go to work, they prefer to work. they need to remain active, they need to continue doing what they love. sure being retired is great but they get bored. Not many of us just want to remain home, especially from that operation. The baby boomers and generation y workers want and wish for social interaction and need to continue mental stimulation.

A popular hotel has continued to lose business in its room service food sales over the last five years. Using the Six Sigma DMAIC process explain what you would do in each step of the process to improve the sales - provide relevant, practical details. What statistics would you apply and why?

Answers

The correct answer to this open question is the following.

Using the Six Sigma DMAIC process, I will explain what I would do in each step of the process to improve the sales.

DMAIC stands for Define, Measure, Analyze, Improve, and control.

What I would do first is, of course, define the nature of the problem. To define exactly what is the root of the drop in sales in the hotel. That would allow me to establish proper goals and define a strategy to implement. If a need to do surveys to customers or unsatisfied clients, I would do that. Listening to customer feedback would provide the necessary information.

Then, I have to measure the performance of my employees. Monitoring and evaluate the productivity of the people who work in the organization.

I have to analyze if the productivity ratio of each employee to know if they are performing to the maximum of their capabilities.

In this case, I could use a Pareto chart or the 80-20 rule, to assess productivity in the company.

I have to pay attention to the causes of poor performance and poor quality service. There is an interesting analysis called Root Cause Analysis (RCA) that can be useful in this case.

Once identified and eliminated the root or causes of the problems, then it comes de Improve the process to enhance the performance in every area of the organization. I would have to get people on the same page and focus on one problem at a time to doing things right.

Another model that could be useful in this scenario would be Design of Experiments, commonly known as DOE, which helps resolve complex issues

Finally, the control of everything implementation and solution to confirm it has been established the right way with the desired results. This could be part of the continuing Quality Control process- The poke yoke system would be a good option to be contemplated.

XYZ Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purchases and use of material for April: Material purchased 12,000 yards Material used in production 10,000 yards Standard material allowed for suits produced 10,800 yards The company's materials price variance for April was $3,000 Favorable. Its materials quantity variance for April was $5,000 Favorable. What does the company use as a standard price per yard of material for its safety suits

Answers

Answer:

$6.25 per yard

Explanation:

The computation of the standard price per yard of material for its safety suits is shown below:

Material quantity variance = Standard Price × (Actual quantity - Standard quantity)

-$5,000 = Standard price × (10,000 - 10,800)    

Standard price  = -$5,000 ÷ (-800)  

= $6.25 per yard

Hence, the standard price per yard of material for its safety suits is $6.25 per yard

we flew to ___Dublin Airport in ___ Ireland. correct determiners​

Answers

Answer:

we flew to the Dublin Airport in the Ireland

You manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. The rate on Treasury bills is 6.6%. Your client chooses to invest $90,000 of her portfolio in your equity fund and $60,000 in a T-bill money market fund. What is the expected return and standard deviation of return on your client’s portfolio? (Round your answers to 2 decimal places.)

Answers

Answer and Explanation:

The computation of the expected return and the standard deviation is given below:

the expected return is

= $90,000 × 13% + $60,000 × 6.6%

= $15,660.00

And,

standard deviation of return is

= $90,000 × 13% × 44% + $60,000 × 6.6%

= $5,148 + $3,960

= $9,108.00

In this way it should be calculated

Cost of Production Report: No Beginning Inventories Atlanta Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2017, the first month of operations for the company's new Brunswick plant, follow: Units of product started in process during October 80,000 tons Units completed and transferred to finished goods 75,000 tons Machine hours operated 7,000 Direct materials costs incurred $ 486,000 Direct labor costs incurred $ 190,800Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process. Manufacturing overhead is applied to Work-in-Process at the rate of $24 per machine hour. Units in process at the end of the period were 65 percent converted.Prepare a cost of production report for Oregon Paper Company for October. (Round answers to the nearest whole number unless otherwise noted.)Oregon Paper CompanyCost of Production ReportFor the Month Ending October 31, 2009Summary of units in process (tons): Beginning Answer Units started Answer In process Answer Completed (Enter as a negative number.)Answer Ending Answer Equivalent units in process: Materials Conversion TotalUnits completed Answer Answer Plus equivalent units in ending inventory Answer Answer Equivalent units in process Answer Answer Total cost to be accounted for andcost per equivalent unit in process: Beginning work-in-process $Answer $Answer $AnswerCurrent costs Answer Answer AnswerTotal cost in process $Answer $Answer $AnswerEquivalent units in process

Answers

Answer:

Atlanta Paper Company

Atlanta Paper Company

Cost of Production Report

For the Month Ending October 31, 2009

a. Summary of units in process (tons):

Beginning  0

Units started 80,000

In process     80,000

Completed  (75,000)

Ending            5,000

b. Equivalent units in process:    Materials    Conversion  Total

Units completed                        75,000        75,000

Plus ending inventory                 5,000          3,250

Equivalent units in process      80,000        78,250

c. Total cost to be accounted for and cost per equivalent unit in process:

                                                Materials    Conversion         Total

Beginning work-in-process               $0                $0                 $0

Current costs                         $486,000    $358,800     $844,800

Total cost in process             $486,000    $358,800     $844,800

Equivalent units in process       80,000        78,250

Cost per equivalent unit           $6.075        $4.585

d. Cost accounted for:

                                                Materials    Conversion         Total

Units completed                    $455,625      $343,875    $799,500

Ending work in process             30,375           14,901          45,276

Total costs accounted for     $486,000     $358,776     $844,776

Explanation:

a) Data and Calculations:

Units of product started in process during October 80,000 tons

Units completed and transferred to finished goods 75,000 tons

Ending work in process inventory, October ending   5,000 tons (80,000  - 75,000)

Machine hours operated 7,000

Direct materials costs incurred $486,000

Direct labor costs incurred $190,800

Manufacturing overhead cost = $168,000 (7,000 * $24)

Total conversion costs = $358,800 ($190,800 + $168,000)

Ending work in process 65% converted.

JOHNSON HAS THE FOLLOWING DATA REGARDING AN EXCHANGE OF LAND: (ASSUME THE EXCHANGES LACKS COMMERCIAL SUBSTANCE) OLD LAND FMV 580,000 OLD LAND COST 430,000 NEW LAND FMV 493,000 CASH RECEIVED 87,000 REQUIRED: HOW MUCH GAIN WILL JOHNSON RECOGNIZE ON THE EXCHANGE

Answers

Answer: No gain or loss will be recognized since the exchange lacks commercial substance.

Explanation:

Based on the information given, the amount of gain that John will recognize on the exchange will be nothing.

In this case, we are given the information that the exchange lacks commercial substance. Commercial substance refers to the transaction which brings about the change in the cash flow of the entity.

In this case, since there isn't ant commercial substance involved, then there will be no gain or loss recognized.

Darkover Inc., as part of its strategic planning process, is considering making some policy changes. What effect (i.e. Increase, Decrease, No Effect) would each the following changes have on Darkover's Net Cash Flow from Operating Activities? Assume that in each case, the change only affects the account or accounts mentioned (i.e. all other accounts are not changed by the action).

Answers

Question Completion:

_____(a) Increase investment in new plant and equipment.

_____(b)Change the collections policy to insure that receivables are collected sooner.

_____(c)Change inventory policy to increase the amount of raw materials kept on hand (work in process and finished goods inventory will remain unchanged).

_____(d)Sell long term bonds and use the proceeds to reduce notes payable

._____(e) Begin paying all employees every week instead of every two week, effectively decreasing accruals.

_____(f)Change accounts payable policy to pay bills in 20 days instead of 10 days.

Answer:

Darkover Inc.

Effects of Changes on Darkover's Net Cash Flow from Operating Activities:

_No Effect____(a) Increase investment in new plant and equipment.

Increase_____(b) Change the collections policy to insure that receivables are collected sooner.

Decrease_____(c) Change inventory policy to increase the amount of raw materials kept on hand (work in process and finished goods inventory will remain unchanged).

Decrease_____(d) Sell long term bonds and use the proceeds to reduce notes payable

Decrease_____(e) Begin paying all employees every week instead of every two week, effectively decreasing accruals.

Increase_____(f) Change accounts payable policy to pay bills in 20 days instead of 10 days.

Explanation:

Darkover's net cash flow from operating activities is the result of accumulating the cash inflows and outflows from its operating activities.  Operating activities are the normal activities that Darkover carries out from which it earns its revenues and incurs related expenses.  They are the day-to-day activities through which the mission of the entity is carried out.

hãy lựa chọn 1 công ty sử dụng dịch vụ nghiên cứu của marketing của các nhà cung cấp bên ngoài.
1. tìm hiểu lý do công ty phải thuê ngoài
2. những tổ chức nào đã cung cấp dịch vụ marketing cho công ty?
3. công ty thuê một phần hay thuê toàn bộ các hoạt động nghiên cứu marketing

Answers

Answer:

may I know which language

Other Questions
Which word means "a quotation at the beginning of a novel? Consider the frequency distribution below, which has single values as classes: Value Frequency 10 11 12 13 14 15 16 17 18 19 20 21 1 3 7 18 10 4 2 7 16 10 6 2 Construct a new frequency distribution for this data with 4 classes. There are 75 students in classes A and B altogether. There are 61 students in classes A and C altogether. The ratio of the number of students in Class B to Class C is 5:3. How many students are there in Class A? The probability that Andrew has heart disease The two events are independent, so you need to findthe product of their probabilities: 0.9 x 0.75 = 0.675. Enter thecorrect answer The probability that Andrew has heart disease Which type of RNA functions as the location where proteins are made? mRNA rRNA tRNA siRNA Why do writers include reflections when they are telling about an event in their lives? Pls answer both Pls pls explain why survival and reproductivesuccess may not be equal for all individuals inthe population who will be help us during danger times?Relations or neighbours(friends) the taco truck sells tacos for $3 and burritos for $4. the number of items sold on a tuesday is 125 with a total income of $430. how many tacos were sold? What word doesn't belong ages, horse, matter, side, wait Creeper....A. Aw manB. No u ParticleMass(\rm g)Atomic massunitsElectrical charge(C)Relativechargeelectron9.109 \times 10^{-28}0.0005486-1.6.02 \times 10^{-19}-1proton1.673 \times 10^{-24}1.007276+1.6.02 \times 10^{-19}+1neutron1.675 \times 10^{-24}1.008665001) The atomic number is the number of protons in the nucleus of an atom of an element. Each element has a unique number of protons. For example, an atom with 47 protons is always a silver atom and has an atomic number of 47. The atomic number is used to distinguish different elements from one another.The mass number A is the sum of the number of protons and neutrons in the nucleus of an atom of an element. Atoms that have the same atomic number but different mass numbers are called isotopes. For example, all atoms with atomic number 6 are carbon atoms, but carbon atoms with mass numbers of 12 and 13 are isotopes of one another.Each element is assigned a unique chemical symbol. For example, the symbol for hydrogen is H, and the symbol for oxygen is O. Some elements have symbols based on their names in languages other than English. For example, the symbol for iron is Fe, which is based on the Latin ferrum.The atomic number, mass number, and chemical symbol are often combined to describe a given atom. For example, an atom of lithium (Li) with atomic number 3 and a mass number of 7 could be written 7/3 Li . Since the atomic number and the symbol are both unique to a given element, the atomic number is often left off of this notation, leaving ^7 Li.i) Which subatomic particle(s) are found in the nucleus of the atom?Enter the subatomic particle or particles separated by commas.ii) The atomic number of oxygen is 8. What is the mass number of an oxygen atom with 7 neutrons?Mass number = ?iii) An atom has a mass number of 25 and 13 neutrons. What is the atomic number of this atom?Atomic number = ?iv) An atom of sulfur is represented by \rm ^{33}_{16}S. How many neutrons are in the nucleus of this atom? neutrons in \rm ^{33}_{16}S = ?V) Give the nuclear symbol for the isotope of silicon (Z = 14) for which A = 29?Enter the nuclear symbol for the isotope (e.g., \rm ^4_2He). help me pls due in 49 mins Segment Addition PostulateUsing the following image, solve for x. Which renaissance painter was also the author of the art-theory treatise on perspective for painting? A peach pie in a 9.00 in diameter plate is placed upon a rotating tray. Then, the tray is rotated such that the rim of the pie plate moves through a distance of 208 in. Express the angular distance that the pie plate has moved through in revolutions, radians, and degrees. 4x^2 + 4y^2 - 24x - 32y + 72 = 0 is a circle. What is the radius of the cirlce? Find the area of an equilateral triangle whose value is 18 cm Find missona value in the equation below