Solution :
1. Journal voucher
Journal Entries
Date Accounts title Debit Credit
June 1 Cash $ 2,993,600
Gain on sale of land $ 1,122,600
Land $ 1,871,000
(Being land sold)
2. Partial Balance sheet
Riverbed Corporation
Partial Balance sheet
December 31, 2008
Plant Assets
Land $ 7,858,200
Building $ 26,640,000
(-) Accumulated Depreciation-building $ 74,465,800 $ 3,662,625
Equipment $ 74,465,800
(-) Accumulated Depreciation-equipment $ (14,734,125) $ 59,731,675
Total Plant Assets $ 71,252,200
Delta airlines is consider purchase of two alternative planes. Plane A has an expected life of 5 years, will cost $100 million and will produce net cash flow of $30 million per year. Plane B has a life of 10 years, will cost $132 million, and will produce net cash flows of $25 million per year. Delta plans to serve the route for only 10 years. Delta's cost of capital is 12% and the inflation is expected to be zero. what is the equivalent annual annuity of plane A
Answer:
$2.26 million
Explanation:
Plane A:
Initial outlay = $100 million
Annual cash flows = $30 million
Expected life = 5 years
Cost of capital = 12%
EAW = (r x NPV) / [1 - (1 + r)⁻ⁿ]
Using a financial calculator: NPV = $8.14 million
EAW = (12% x $8.14) / [1 - (1 + 12%)⁻⁵] = $0.9768 / 0.432573 = $2.2581 ≈ $2.26 million
On January 1, 2018, Pomegranate Company acquired 90% of the voting stock of Starfruit Company for $91,700,000 in cash. The fair value of the noncontrolling interest in Starfruit at the date of acquisition was $6,300,000. Starfruit’s book value was $13,000,000 at the date of acquisition. Starfruit’s assets and liabilities were reported on its books at values approximating fair value, except its plant and equipment (10-year life, straight-line) was overvalued by $25,000,000. Starfruit Company had previously unreported intangible assets, with a market value of $40,000,000 and 5-year life, straight-line, which were capitalized following GAAP.Additional informationPomegranate uses the complete equity method to account for its investment in Starfruit on its own books. Goodwill recognized in this acquisition was impaired by a total of $2,000,000 in 2018 and 2019, and by $500,000 in 2020. It is now December 31, 2020, the accounting year-end. Here is Starfruit Company’s trial balance at December 31, 2020: Dr (Cr)Current assets $28,200,000Plant & equipment, net 188,000,000Intangibles 2,000,000Liabilities (180,000,000)Capital stock (1,000,000)Retained earnings, January 1 (29,500,000)Acumulated other comprehensive income, January 1 (500,000)Dividends 400,000Sales revenue (24,000,000)Cost of goods sold 10,000,000Operating expenses 6,500,000Other comprehensive income (100,000)On the 2020 consolidated income statement, the noncontrolling interest in net income of Starfruit is:________.a. $150,000b. $175,000c. $200,000d. $750,000
.......................................
Answer: C: 1750000
Explanation:
Non-Market Strategy (NMS) is defined most accurately by which of the following (choose all accurate responses)?
a. NMS is related to Triple Bottom Line concerns.
b. NMS, exclusively, is not related to economic concerns.
c. NMS considers how managers anticipate and preempt, respond and react to actors, influencers, issues and actions from the social, political and regulatory arenas in society.
d. NMS is relevant to mostly social enterprises and infrequently involves large MNES.
e. NMS recognizes that businesses are social, political and ethical entities.
f. NMS is only a trend that is generally lost in "green washing" where MNEs pursuc causes to make it look like they are concerned when they are not
Answer:
Non-Market Strategy (NMS) is defined most accurately by the following:
a. NMS is related to Triple Bottom Line concerns.
c. NMS considers how managers anticipate and preempt, respond and react to actors, influencers, issues and actions from the social, political and regulatory arenas in society.
e. NMS recognizes that businesses are social, political and ethical entities.
Explanation:
Non-Market Strategy (NMS) is a business strategy that recognizes and evaluates the environmental, financial, and social performances of corporate entities. It emphasizes the use of soft power to achieve competitive economic goals by targeting political, institutional, and social influencers. Non-Market Strategy encourages wider interactions outside the market to encompass and carter for the interests of individuals, social institutions, and government entities.
EBI Solar uses a high-tech process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy hand-held electronic devices. Last year, EBl Solar turned their inventory 3.7 times and had a cost of goods sold of $2.8 million. Assume 52 business weeks per year.
a. Express last years average inventory in weeks of supply.
b. After several supply chain improvement initiatives, inventory investment has dropped across all inventory categories. While EBl's cost of goods sold is not expected to change from last year's level, the value of raw materials has dropped to $95,000; work-in-process to $26,000; and finished goods to $15,800. Assuming 52 business weeks per year, express EBl's current total inventory level in weeks of supply and inventory turns.
Answer:
EBI Solar
a. Weeks of supply = 14.05 weeks
b. Inventory turnover = 20.5x
Weeks of supply = 2.5 weeks
Explanation:
a) Data and Calculations:
Inventory turnover = 3.7 x
Cost of goods sold = $2.8 million
Average inventory = $756,757 ($2,800,000/3.7)
Current value of inventory:
Raw materials = $95,000
Work-in-process 26,000
Finished goods 15,800
Total = $136,800
a. Weeks of supply = 14.05 weeks (52/3.7)
b. Inventory turnover = 20.5x ($2,800,000/$136,800)
Weeks of supply = 2.5 weeks (52/20.5)
Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 4 percent and interest is paid once a year on December 31. The bond matures in three years. The annual market rate of interest was 5 percent at the time the bond was sold. The following amortization schedule pertains to the bond issued: Cash Paid Interest Expense Amortization Balance January 1, Year 1 $973 December 31, Year 1 $40 $49 $9 982 December 31, Year 2 40 49 9 991 December 31, Year 3 40 49 9 1,000 Required: 1. What was the bond's issue price
Answer:
The price of the bond at issuance is $973.
Explanation:
The selling price of the bond is equal to the present value of all cash flow received from the holding the bonds to maturity, at the issuance time. Thus, these cash flows would be discounted at the annual market rate at the time it is sold which is 5%.
Holding the bond would generate 2 types of cash flows:
+ Annual coupon payment at the end of each year at Face value x coupon rate = 1000 x 4% = $40, for 3 year. Present value of this cash flow = [ 40 / 5%] x [ 1 - (1+5%)^(-3)] = $109
+ Face value payback at the end of 3 year whose present value = 1000 / 1.05^3 = $864
=> Selling price = 109 + 864 = $973.
The following transactions were completed by the company.
a. The owner invested $17,200 cash in the company in exchange for its common stock.
b. The company purchased supplies for $1,050 cash.
c. The owner invested $11,100 of equipment in the company in exchange for more common stock.
d. The company purchased $310 of additional supplies on credit.
e. The company purchased land for $10,100 cash.
Required:
Write the impact of each transaction on individual items of the accounting equation.
Answer:
Account Equation Impact:
Assets = Liabilities + Equity
a. Cash $17,200 Common stock $17,200
b. Supplies $1,050 Cash ($1,050)
c. Equipment $11,100 Common stock $11,100
d. Supplies $310 Accounts Payable $310
e. Land $10,100 Cash ($10,100)
Total assets $48,610 = $310 + $28,300
Explanation:
a) Data and Analysis According to Accounting Equation Impact:
a. Cash $17,200 Common stock $17,200
b. Supplies $1,050 Cash ($1,050)
c. Equipment $11,100 Common stock $11,100
d. Supplies $310 Accounts Payable $310
e. Land $10,100 Cash ($10,100)
A heavy construction firm has been awarded a contract to build a large concrete dam. It is expected that a total of 8 years will be required to complete the work. The firm will buy $600,000 worth of special equipment for the job. During the preparation of the job cost estimate, the following utilization schedule was computed for the special equipment:
Year Utilization (hr/yr)
1 6000
2 4000
3 4000
4 1600
5 800
6 800
7 2200
8 2200
At the end of the job, it is estimated that the equipment can be sold at auction for $60,000.
a. Compute the sum-of-years-digits' depreciation schedule.
b. Compute the unit-of-production depreciation schedule
Answer:
Heavy Construction Firm
a. Sum-of-years-digits' Depreciation Schedule
Year Cost Depreciation Accumulated Net Book Value
Expense Depreciation
Year 1 $600,000 $120,000 $120,000 $480,000
Year 2 $600,000 $105,000 $225,000 $375,000
Year 3 $600,000 $90,000 $315,000 $285,000
Year 4 $600,000 $75,000 $390,000 $210,000
Year 5 $600,000 $60,000 $450,000 $150,000
Year 6 $600,000 $45,000 $495,000 $105,000
Year 7 $600,000 $30,000 $525,000 $75,000
Year 8 $600,000 $15,000 $540,000 $60,000
b. The Unit-of-Production Depreciation Schedule
Year Cost Depreciation Accumulated Net Book Value
Expense Depreciation
Year 1 $600,000 $150,000 $150,000 $450,000
Year 2 $600,000 $100,000 $250,000 $350,000
Year 3 $600,000 $100,000 $350,000 $250,000
Year 4 $600,000 $40,000 $390,000 $210,000
Year 5 $600,000 $20,000 $410,000 $190,000
Year 6 $600,000 $20,000 $430,000 $170,000
Year 7 $600,000 $55,000 $485,000 $115,000
Year 8 $600,000 $55,000 $540,000 $60,000
Explanation:
a) Data and Calculations:
Cost of special equipment for the dam construction = $600,000
Estimated useful life = 8 years
Salvage value of equipment = $60,000
Depreciable amount = $540,000 ($600,000 - $60,000)
Sum-of-the-years-digit = 36 (8 + 7 + 6 + 5 + 4 + 3 + 2 + 1)
Utilization Schedule for the Special Equipment:
Year Utilization (hr/yr) Unit of Production SYD Depreciation
1 6000 $150,000 (6,000 * $25) $120,000 (8 * $15,000)
2 4000 $100,000 (4,000 * $25) $105,000 (7 * $15,000)
3 4000 $100,000 (4,000 * $25) $90,000 (6* $15,000)
4 1600 $40,000 (1,600 * $25) $75,000 (5 * $15,000)
5 800 $20,000 (800 * $25) $60,000 (4 * $15,000)
6 800 $20,000 (800 * $25) $45,000 (3 * $15,000)
7 2200 $55,000 (2,200 * $25) $30,000 (2 * $15,000)
8 2200 $55,000 (2,200 * $25) $15,000 (1 * $15,000)
Total 21,600 hours
Depreciation rate per hour = $25 ($540,000/21,600)
Sum-of-the-years-digits depreciation rate = $15,000 ($540,000/36)
East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,375 units and sells for $100 per unit. The cost of ordering is $40 per order and the average carrying cost per unit per year is $0.75. Determine the economic order quantity.
Answer:
1000
Explanation:
Given:
Annual DEMAND, D = 9375
Holding cost, H = 0.75
Cost per order, S = 40
The Economic order quantity :
EOQ = √[(2 * D * S) / H]
EOQ = √[(2 * 9375 * 40) / 0.75]
EOQ = √[(750000) / 0.75]
EOQ = √1000000
EOQ = 1000
In regards to a Construction Management Class:
Leadership for strong management can influence the ____________________ of a project.
Analyze and compare Amazon to Netflix Amazon, Inc. (AMZN) is one of the largest Internet retailers in the world. Netflix, Inc. (NFLX) provides digital streaming and DVD rentals in the United States. Amazon and Netflix compete in streaming and digital services; however, Amazon also sells many other products online. The cash, temporary investments, operating expenses, and depreciation expense from recent financial statements were reported as follows for both companies (in millions):
Amazon Netflix
Balance sheet year:
Cash $19,334 1,468
Short term investment 6647 266
Income Statement:
Operating expense 131,801 8,451
Depreciation expense 8,116 4,925
Required:
a. Determine the days' cash on hand for Amazon and Netflix.
b. Interpret the results
Answer:
a. We have:
Days' cash on hand for Amazon = 77 days
Days' cash on hand for Netflix = 180 days
b. The results show Amazon can keep up with its expenses for 77 days using the current cash reserves if it makes no sales, while Netflix can keep up with its expenses for 180 days using the current cash reserves if it makes no sales.
Explanation:
a. Determine the days' cash on hand for Amazon and Netflix.
Days' cash on hand = (Cash + Short term investment) / ((Operating expense - Depreciation expense) / 365) …………… (1)
Using equation (1), we have:
Days' cash on hand for Amazon = ($19,334 + $6,647) / (($131,801 - $8,116) / 365) = 77 days
Days' cash on hand for Netflix = ($1,468 + $266) / (($8,451 - $4,925) / 365) = 180 days
b. Interpret the results
The results show Amazon can keep up with its expenses for 77 days using the current cash reserves if it makes no sales.
However, the results show that Netflix can keep up with its expenses for 180 days using the current cash reserves if it makes no sales.
When Penguin Catering Services first opened, the owner decided to target only events at resorts in its geographic region. Penguin Catering was using a(n) __________ targeting strategy.
a. concentrated
b. micromarketing
c. benefit-driven
d. differentiated
e. undifferentiated
Answer: Penguin Catering was using a Concentrated targeting strategy.
An organization that adopts a concentration strategy chooses to focus its marketing efforts on only one very defined and specific market segment. Accordingly, only one marketing mix is developed. For example, the manufacturer of Rolex watches has chosen to concentrate on the luxury segment of the watch market.
Penguin Catering Services was using a concentrated targeting strategy.
What is a targeting strategy?A strategy, which is made with consideration of the target or the goals that are needed to be achieved with regard to a particular topic, is known as a targeting strategy.
Concentrated targeting strategy is said to be implied by a firm when there is a focus only over a particular area in the strategy being made.
Hence, option A holds true regarding the targeting strategy.
Learn more about targeting strategy here:
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First Class, Inc., expects to sell 28,000 pool cues for $14 each. Direct materials costs are $3, direct manufacturing labor is $5, and manufacturing overhead is $0.82 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 26,000 units 26,000 units Work-in-process inventory units O units Finished goods inventory 1,300 units 2,800 units
How many pool cues need to be produced in 2019?
Select one:
a. 29,500 cues
b. 30,800 cues
c. 29,300 cues
d. 26,500 cues
Answer:
a. 29,500 cues
Explanation:
Calculation to determine How many pool cues need to be produced in 2019
Using this formula
Pool cues needed =Budgeted sales +Budgeted ending inventory-Beginning inventory
Let plug in the formula
Pool cues needed=28,000 units + 2,800- 1,300 Pool cues needed= 29,500 cues
Therefore pool cues need to be produced in 2019 is 29,500 cues
The following events apply to Guiltf Seafood for the 2018 fiscal year 1.
a. The company started when it acquired $17,000 cash by issuing common stock.
b. Purchased a new cooktop that cost $16,900 cash. Earned $22,500 in cash revenue.
c. Paid $10,300 cash for salaries expense.
d. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $2,200. Use straight-line depreciation. The adjustment was made as of December 31, Year 1.
Required:
Record the above transactions in a horizontal statements model.
Answer:
Gulf Seafood
Horizontal Statements Model:
Balance Sheet Income Statement Cash Flows
Assets = Liabilities + Equity Revenue - Expenses = Income
a. $17,000 0 + $17,000 FA
b. $16,900 ($16,900) IA
$22,500 $22,500 $22,500 OA
c. ($10,300) ($10,300) ($10,300) OA
d. ($3,675) ($3,675) ($3,675) None
$25,525 = 0 + $25,525 $22,500 - $13,675 = $8,825
Explanation:
a) Data and Analysis:
a. Cash $17,000 Common stock $17,000
b. Equipment $16,900 Cash ($16,900)
Cash $22,500 Revenue $22,500
c. Cash ($10,300) Salaries Expense ($10,300)
d. Accumulated Depreciation ($3,675) Depreciation Expense ($3,675)
Over a certain period, large-company stocks had an average return of 12.94 percent, the average risk-free rate was 2.65 percent, and small-company stocks averaged 17.73 percent. What was the risk premium on small-company stocks for this period
Answer:
15.08 percent
Explanation:
Calculation to determine What was the risk premium on small-company stocks for this period
Using this formula
Risk premium =Average risk-free rate -small-Company stocks averaged
Let plug in the formula
Risk premium=2.65 percent-17.73 percent
Risk premium=15.08 percent
Therefore the risk premium on small-company stocks for this period is 15.08 percent
Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small town, just a few blocks from Chad's. Chad offers Jose $10,000 in return for Jose's promise not to open a coffee shop in the Rivercity area for six months. Jose accepts the $10,000 but goes ahead with his plans, even though he had agreed not to do so. When Jose opens his coffee shop for business, Chad sues to enjoin Jose's continued operation or to recover the $10,000
Required:
Can Chad sues Jose?
Answer:
Rivercity Coffee Shop
Chad cannot sue Jose. The $10,000 is paid to Jose is a bribe. Since a bribe is not legal, it cannot form the basis for an enforceable contract.
Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract
Explanation:
For a contract to be enforceable, it cannot be illegal. A bribe is illegal. The basis for the contract is illegal. Therefore, Chad cannot sue Jose. Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation. Jose cannot be held liable for non-performance.
bartleby Clayborn Corporation's net cash provided by operating activities was $118,800; its net income was $106,100; its income taxes were $46,900; its capital expenditures were $96,300; and its cash dividends were $30,200. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.)
Answer: -$7,700
Explanation:
The Free Cash Flow is the amount of after tax income that a company has that can go to both its shareholders and debt holders.
When using cash from operating activities, taxes have already been accounted for so it is calculated as:
= Net cash provided by operating activities - Capital expenditure - Cash Dividends
= 118,800 - 96,300 - 30,200
= -$7,700
Benny is the manager of an office-support business that supplies copying, binding, and other services for local companies. He must replace a worn-out copy machine that is used for black-and-white copying. He is considering two machines, and each of these has a monthly lease cost plus a cost for each page that is copied. Machine 1 has a monthly lease cost of $619, and there is a cost of $0.030 per page copied. Machine 2 has a monthly lease cost of $675, and there is a cost of $0.028 per page copied. Customers are charged $.16 per page copied. If Benny expects to make 105,000 copies per month, what would be the monthly cost for each machine
Answer:
Machine one cost:
= Fixed cost + Variable cost
The Fixed cost is the lease cost and the variable cost is the cost per page copied. The number of pages is 105,000 and the cost per page for machine 1 is $0.030
= 619 + (0.030 * 105,000)
= $3,769 monthly
Machine two cost:
= 675 + (0.028 * 105,000)
= $3,615 monthly
Reasons why South African post office taking private courier companies to court
Answer:
Explanation:
As the only operator of this kind in South Africa, the Post Office has the exclusive right to provide delivery services for all letters, postcards, printed matter, small parcels, and other postal articles up to and including 1kg.
PostNet was initially ordered to stop delivering all packages weighing 1kg and less by 17 March 2020. However, it secured an interdict which allowed it to continue to deliver these packages until the full challenge was heard in the Gauteng High Court.
The Post Office, Postnet and the South African Express Parcel Association (SAEPA) are now set to head to court in a move that could have ramifications for the entire courier industry in South Africa.
Icasa spokesperson Paseka Maleka told BusinessDay that the regulator would give its support to the Post Office as it was following the letter of the law, which allowed private couriers to only deliver food items in the 1kg or less category.
“Icasa’s mandate is to implement what the law requires, and we are doing exactly that,” he said.
“There are exemptions that deal with businesses that do not fall under postal services. Uber Eats, Mr Delivery, etc are such businesses. Obviously, one cannot expect Sapo to be delivering pizza to a consumer,” he said.
Olinick Corporation is considering a project that would require an investment of $343,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows (Ignore income taxes.): Sales $ 227,000 Variable expenses 52,000 Contribution margin 175,000 Fixed expenses: Salaries 27,000 Rents 41,000 Depreciation 40,000 Total fixed expenses 108,000 Net operating income $ 67,000 The scrap value of the project's assets at the end of the project would be $23,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to:
Answer:
3.21 years
Explanation:
Annual net cash-flow = Operating net income + Depreciation
Annual net cash-flow = $67,000 + $40,000
Annual net cash-flow = $107,000
Payback period = Investment / Annual net cash-flow
Payback period = $343,000/$107,000
Payback period = 3.205607476635514
Payback period = 3.21 years.
So, he payback period of the project is closest to 3.21 years.
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $300,000. The company can borrow $300,000 for three years at 12 percent annual interest or for one year at 10 percent annual interest. Assume interest is paid in full at the end of each year.
Required:
a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 8 percent rate?
b. Compare this to the 10 percent three-year loan. What if interest rates on the 8 percent loan go up to 13 percent in year 2 and 18 percent in year 3?
c. What would the total interest cost compared to the 10 percent, three-year loan?
Answer:
Explanation:
From the given information;
Suppose the interest rate is constant. then at 10% three-year loan;
The total interest at 10% will be:
= $300000 × 10% × 3years
= $90000
Aso, 8% one year loan with rollover will be total interest at 8%:
= $300000 × 8% × 3 years
= $72000
Savings in interest of Sauer Food Company = $(90000 - 72000)
= $18000
Suppose short-term rates change, then for the first year, we will have:
= 300000 × 0.1
= $30000
second year will be = 300000 × 0.13
=$39000
third year will be= 300000 × 0.18
=$54000
As such, the total rate of the variable loan = $30000 + $39000 + $54000
= $123000
However, the fixed rate at 10% three year loan is equal to = $90000
As such, the additional total interest cost = $(123000 - 90000)
= $33000
If MM's proposition II without taxes is true, what is the return to investors who invest $20 in a stock, borrow another $20 to buy a share of stock and pay 6% on the borrowed money if the EPS is $1.50?
a. 6.0%.
b. 9.0%.
c. 12.0%.
d. 15.0%.
Answer:
b. 9.0%.
Explanation:
The computation of the return on the investment is shown below:
Net earning is
= Earning per share × number of shares - interest paid
= (1.50 × 2) - ($20 × 6%)
= $1.80
Now the return on the investment is
= Net earning ÷ own investment
= $1.80 ÷ $20 × 100
= 9%
Hence, the return on the investment is 9%
Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data are available:
Total Revenues…………………………....... $131,000
Operating Expenses………………………… 90,500
Cash…………………………………………...........30,800
Accounts Receivable……………………… .25,300
Supplies……………………………………..........40,700
Accounts Payable…………………………... 25,700
Common Stock………………………………...30,600
Required:
a. Did Miami Music Corporation generate a profit? Which financial statement indicates this?
c. Does Miami Music Corporation have sufficient resources to pay its liabilities? Which financial statement indicates this?
Answer:
a. Profit(loss) = Total revenue - Total expenses
= 131,000 - 90,500
= $41,000
The company did in fact generate profit of $41,000 and this can be shown from the Income Statement which is where profit or loss is calculated.
b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:
Assets = Cash + Accounts Receivable + Supplies
= 30,800 + 25,300 + 40,700
= $96,800
Liabilities are just the Accounts Payable of $25,700.
Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities.
This information comes from the Balance Sheet which is where assets and liabilities are shown.
Anti-dilutive securities:_________.Select one:a. should be included in the computation of diluted earnings per share but not basic earnings per share.b. are those whose inclusion in earnings per share computations would cause basic earnings per share to exceed diluted earnings per share.c. include stock options and warrants whose exercise price is less than the average market price of common stock.d. should always be ignored in the computation of diluted EPS.
Answer: D. should always be ignored in the computation of diluted EPS.
Explanation:
Anti-Dilutive Securities refers to the financial instruments that an organization has which can when converted into the common stock, will lead to an increase in the organization's earning per share.
Unlike the diluted activities which brings about the reduction in the earnings per share, antidilutive maintain or increase the EPS. Therefore, anti-dilutive securities should always be ignored in the computation of diluted EPS.
In Myanmar, six laborers, each making the equivalent of $3.00 per day, can produce 40 units per day. In China, ten laborers, each making the equivalent of $2.00 per day, can produce 45 units. In Billings, Montana, two laborers, each making $60.00 per day, can make 100 units. Based on labor cost per unit only, the most economical location to produce the item is
Answer:
China
Explanation:
Calculation to determine which location would be most economical to produce the item
Using this formula
LaborCost per Unit=Labor Cost per Day/Production(units per day)
Let plug in the formula
Myanmar = 6 Laborers x $3/day = $18/day
Myanmar=$18/day/ 40 units
Myanmar= $0.45/unit
China = 10 Laborers x $2/day = $20/day
China= $20/day/ 45 units
China= $0.444/unit
Montana = 2 Laborers x $60/day = $120/day
Montana= $120/day/100 units
Montana = $1.20/unit
Therefore the location that would be most economical to produce the item is CHINA
what is management ?
Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.
The government of Velovia made progress in its efforts to bring rapid inflation under control. Although prices are still rising, the rate of increase has slowed considerably. This suggests that Velovia is experiencing disinflation.
a. True
b. False
Answer:
a. True
Explanation:
At the time when the velvovia government made the efforts in its progress in order to control the increased inflation but at the same time the price is also still increasing but the increase rate would be falled down so here it is recommended that the velovia experienced the disinflation where the inflation is considerably slowing and the rate of inflation is also slow down
Therefore the given statement is true
Selected current year company information follows: Net income $ 16,753 Net sales 720,855 Total liabilities, beginning-year 91,932 Total liabilities, end-of-year 111,201 Total stockholders' equity, beginning-year 206,935 Total stockholders' equity, end-of-year 133,851 The total asset turnover is: (Do not round intermediate calculations.)
Answer:
the total asset turnover is 2.65 times
Explanation:
The computation of the total asset turnover is shown below;
As we know that
Total assets turnover is
= Net sales ÷ average of total assets
= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2
= $720,855 ÷ $271,959.50
= 2.65 times
Hence, the total asset turnover is 2.65 times
Which of the following statements is more descriptive of active data warehouses in contrast with traditional data warehouses?A) strategic decisions whose impacts are hard to measure.B) detailed data available for strategic use only.C) large numbers of users, including operational staffs.D) restrictive reporting with daily and weekly data currency.
Answer: large numbers of users, including operational staff
Explanation:
Active Data Warehousing refers to the technical ability that can be used in the capture of transactions when change occurs and then integrating them into the warehouse.
The traditional data warehouses uses on-premise IT resources like software and servers in order to deliver Data Warehouse functions.
The statement that's more descriptive of active data warehouses in contrast with traditional data warehouses is the large numbers of users, including operational staff.
Answer:
.C) large numbers of users, including operational staffs
Explanation:
The traditional Data Warehouse works through the
availability of on-premise IT resources like servers as well as software to carry out Data Warehouse functions. All firms that runs on-premise Data Warehouses needs to manage their infrastructure effectively.
Active Data Warehouse can be regarded as type of ware house that requires technical ability which involves capturing of transactions whenever they change,then integrate them back into the warehouse as well as maintaining batch or scheduled cycle refreshes
It should be noted that in description of
active data warehouses in contrast with traditional data warehouses there is large numbers of users, including operational staffs.
Thế nào là toàn cầu hóa thị trường, toàn cầu hóa sản xuất?
Answer:
Toàn cầu hóa tiếp thị là một thuật ngữ tổng hợp kết hợp việc xúc tiến và bán hàng hóa và dịch vụ trong một nền kinh tế toàn cầu ngày càng phụ thuộc lẫn nhau và hội nhập. Nó làm cho các công ty không quốc tịch, không tường thành, với Internet trở thành một công cụ tiếp thị và văn hóa không thể thiếu.
Toàn cầu hóa sản xuất là sự hợp nhất các hoạt động kinh tế của các đơn vị tư bản trên phạm vi thế giới. Sản phẩm cuối cùng có thể được lắp ráp từ nhiều đơn vị riêng lẻ, được sản xuất ở một số lượng lớn các quốc gia khác nhau và có thể được sản xuất linh hoạt để đáp ứng nhu cầu thay đổi và để lấp đầy các ngóc ngách thị trường cá nhân.
Explanation:
Answer:
Toàn cầu hóa quá trình sản xuất là quá trình cung ứng hàng hóa và dịch vụ từ các nơi trên toàn cầu để khai thác, tận dụng sự khác biệt quốc gia về chi phí và chất lượng của các yếu tố sản xuất. Ví dụ như lao động, năng lượng, đất đai và vốn.
Toàn cầu hóa thị trường là việc thị trường quốc gia riêng biệt và đặc thù đang hội nhập dần hình thành thị trường toàn cầu. Việc dỡ bỏ các rào cản thương mại qua biên giới đã làm cho việc kinh doanh quốc tế ngày càng trở nên dễ dàng.
Explanation: ...
June:
1 James Co. purchased merchandise on account from O’Leary Co., $90,000, terms n/30. The cost of merchandise sold was $54,000.
30 James Co. issued a 60-day, 5% note for $90,000 on account.
Aug. 29 James Co. paid the amount due.
Required:
Journalize the above transaction, 90,000 assuming a 360-day year is used for interest calculations.
Answer:
James Co. (Borrower)
June 1
Debit Merchandise Inventory $90,000
Credit Accounts Payable $90,000
June 30
Debit Accounts Payable $90,000
Credit Notes Payable $90,000
August 29
Debit Notes Payable $90,000
Debit Interest on Notes $750
Credit Cash Account $90,750
O’Leary Co. (Creditor)
June 1
Dr Accounts Receivable $90,000
Cr Sales $90,000
30
Dr Notes Receivable $90,000
Cr Accounts Receivable $90,000
Aug. 29
Dr Cash $90,750
Cr Notes Receivable $90,000
Cr Interest Revenue $750
Explanation:
Preparation of the journal entries
James Co. (Borrower)
June 1
Debit Merchandise Inventory $90,000
Credit Accounts Payable $90,000
(To record the purchase of merchandise on account)
June 30
Debit Accounts Payable $90,000
Credit Notes Payable $90,000
(To record the issue of a 60-day, 5% note)
August 29
Debit Notes Payable $90,000
Debit Interest on Notes $750
($90,000 * 5% * 60/360)
Credit Cash Account $90,750
($90,000+$750)
(To record the payment of the notes plus interest)
O’Leary Co. (Creditor)
June 1
Dr Accounts Receivable $90,000
Cr Sales $90,000
30
Dr Notes Receivable $90,000
Cr Accounts Receivable $90,000
Aug. 29
Dr Cash $90,750
($90,000+$750)
Cr Notes Receivable $90,000
Cr Interest Revenue $750
($90,000 * 5% * 60/360)