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 1

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


Related Questions

Musterl Manufacturing Corporation (MMC) has an issue of 10-year, 6% annual coupon bonds outstanding. The bonds, which were originally issued 20 years ago, have a face value (FV) of $1,000, a yield to maturity (YTM) of 6%, and are noncallable. What is the current market price of MMC’s bonds? (Note: Do not round your intermediate calculations.)

Answers

Answer: $1,000

Explanation:

When the coupon rate and the yield to maturity are the same, a bond always trades at par.

In this scenario, the bond coupon is 6% and so is the Yield to maturity. the bond price must therefore be $1,000.

If the yield to maturity was lower than the coupon rate, the bond would have been priced above $1,000 as it would be a premium bond and if the YTM had been higher than the coupon rate, the price would be lower than $1,000 as it would be a discount bond.

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?

Answers

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.

what is management ?​

Answers

Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

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

Answers

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.

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

Answers

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:

https://brainly.com/question/5360898

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On January 1, the total market value of the Tysseland Company was $60 million. During the year, the company plans to raise and invest $30 million in new projects. The firm's present market value capital structure, shown below, is considered to be optimal. Assume that there is no short-term debt.
Debt $30,000,000
Common equity 30,000,000
Total capital $60,000,000
New bonds will have an 10% coupon rate, and they will be sold at par. Common stock is currently selling at $30 a share. The stockholders' required rate of return is estimated to be 12%, consisting of a dividend yield of 4% and an expected constant growth rate of 8%. (The next expected dividend is $1.20, so $1.20/$30 = 4%). The marginal corporate tax rate is 30%. In order to maintain the present capital structure, how much of the new investment must be financed by common equity?
Assuming there is sufficient cash flow such that Tysseland can maintain its target capital structure without issuing additional shares of equity, what is its WACC?
Suppose now that there is not enough internal cash flow and the firm must issue new shares of stock. Qualitatively speaking, what will happen to the WACC?
I. rs and the WACC will increase due to the flotation costs of new equity.
II. rs and the WACC will decrease due to the flotation costs of new equity.
III. rs will increase and the WACC will decrease due to the flotation costs of new equity.
IV. rs will decrease and the WACC will increase due to the flotation costs of new equity.
V. rs and the WACC will not be affected by flotation costs of new equity.

Answers

Answer:

Tysseland Company

1.  In order to maintain the present capital structure, the new investment must be financed by common equity to the tune of $15 million (50% of $30 million).

2. Assuming there is sufficient cash flow such that Tysseland can maintain its target capital structure without issuing additional shares of equity, its WACC = 9.5%

3. IV. rs will decrease and the WACC will increase due to the flotation costs of new equity.

Explanation:

a) Data and Calculations:

Total market capitalization = $60 million

                                     Debt          Common Equity     Total

Market value          $30,000,000   $30,000,000    $60,000,000

Weight                          50%                  50%                 100%

New financing          15,000,000      15,000,000       30,000,000

New market cap.  $45,000,000   $45,000,000     $90,000,000

Coupon rate of new bonds issued at par = 10%

Selling price of common stock = $30 per share

Stock's required rate of return = 12%

Estimated Dividend yield = 4%

Expected constant growth rate = 8%

Expected dividend per share = $1.20 ($30 * 4%)

Corporate tax rate = 30%

Cost of Equity = the stockholders' required rate of return = 12% or

= (Dividend/Price) + g (growth rate)

= ($1.20/$30) + 0.08

= 12%

After-Tax Cost of Debt = Before Tax Cost of Debt × (1-Tax Rate)

10 × (1 - 0.3)= 7%

WACC = (Weight of Equity × Cost of Equity) + (Weight of Debt × After Tax Cost of Debt)

(0.5 × 12%) + (0.5 × 7%) = 9.5%

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.

Answers

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)

In the market for wheat, if the price of ethanol (which is made from corn, a substitute in the production process) increased dramatically, the _____ wheat would _____.
a. demand for; increase.
b. supply of; decrease.
c. demand for; decrease.
d. supply of; increase.

Answers

Answer:

I think C.

Explanation:

Please correct me if wrong and if right, give brainliest plz?


The answer is C
Explanation

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

Answers

.......................................

Answer: C: 1750000

Explanation:

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

Answers

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

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:

Answers

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.

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.)

Answers

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

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.

Answers

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)

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.

Answers

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.

Reasons why South African post office taking private courier companies to court​

Answers

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.

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

Answers

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

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.

Answers

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.

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

Answers

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.

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?

Answers

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

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

Answers

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.

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%.

Answers

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%

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

Answers

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.

Answers

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

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.

Answers

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)

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

Answers

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

Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $37.10 and sold for $65.45. A finished desk can be sold for $75.00. The additional processing cost to complete the finished desk is $6.30.Prepare a differential analysis. Round your answers to two decimal places.

Answers

Answer:

Find below analysis

Explanation:

Based on the appropriate template, I have prepared the differential analysis as shown in the attached excel file bearing in mind the following points:

The costs per desk under the alternative is the cost of an unfinished desk which is $37.10 plus the cost of further processing for a finished desk which is $6.30

Also, the different effect is simply the amount for alternative 2 minus amount under alternative 1

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?

Answers

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.

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

Answers

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

Thế nào là toàn cầu hóa thị trường, toàn cầu hóa sản xuất?

Answers

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: ...

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

Answers

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

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