Answer:
$1,800,000
Explanation:
As per the section of 1014(a) (2) pf IRS the basis of the inherited property is normally the fair market value at the time of dealth.
In the case when there is an alternative valuation date i.e. chosen so here the basis should be at the fair market value because the valuation is less than the value at death
So $1,800,000 should be considered
The main outputs of which process are a quality management plan, quality metrics, project management plan updates, and project documents updates?
Answer:
Process asset updates.
Explanation:
Quality assurance assessments, validated modifications, authenticated deliverables, performance at work indicators, configuration management, project management plan modifications, project document security patches, and organisational process asset updates are the key outputs of quality assurance.
The economic term that describes the satisfaction that consumers gain from consuming goods and services is
Answer:
utility
Explanation:
Answer:
Utility
Explanation:
I got the answer right on my test
RST Company produces a product that has a variable cost of $6 per unit. The company's fixed costs are $30,000. The product sells for $10 per unit. RST desires to earn a target income of $20,000. The sales level in dollars to achieve the desired target income is $ .
Answer:
the sales level in dollars to attain the target income is $125,000
Explanation:
The computation of the sales level in dollars to attain the target income is given below:
= (Fixed cost + target income) ÷ (selling price - variable cost) ÷ selling pric e
= ($30,000 + $20,000) ÷ ($10 - $6) ÷ $10
= $50,000 ÷ 40%
= $125,000
Hence, the sales level in dollars to attain the target income is $125,000
When managers analyze a wide variety of internal and external performance metrics in order to set financial and strategic goals, they often turn to a framework known as ______.
Answer:
balance scorecard
Explanation:
A balanced scorecard is a performance metric that are applied for identifying, improvement and the control of the different functions and results of an organization. It mainly deals with the learning & growth, processes of the business, customers and the finance
Also at the same time it analyzes the internal and external performance so that the financial and strategic goals could be set out
Over the last several years, the United States has run a ________ in the goods trade balance and a ________ in the services trade balance.
Answer:
deficit
surplus
Explanation:
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
export would comprise of goods and services produced in the US that are been sold to foreign countries
Import would comprise of foreign produced goods and services that are been sold in the US
In 2020, trade deficit was $678.7 billion in 2020
Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $55,000 and at the end of the month was $30,300. The cost of goods manufactured for the month was $213,500. The actual manufacturing overhead cost incurred was $55,900 and the manufacturing overhead cost applied to Work in Process was $59,200. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:
Answer:
234,900
Explanation:
Calculation to determine what The adjusted cost of goods sold that would appear on the income statement for November is:
First step is calculate the Over applied overhead
Over applied overhead = $59,200-$55,900
Over applied overhead = 3300
Second step is calculate the Unadjusted cost of goods sold
Unadjusted cost of goods sold = 55000+$213,500-30,300
Unadjusted cost of goods sold= 238,200
Now let determine the Adjusted cost of goods sold
Adjusted cost of goods sold = $238,200-3300
Adjusted cost of goods sold= 234,900
Therefore The adjusted cost of goods sold that would appear on the income statement for November is:234,900
Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $320000 $260000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2017, $830000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. The total raw materials available for use during 2017 for Marigold Corp. is
Answer:
Raw material available for use= $1,150,000
Explanation:
Giving the following information:
Beginning Raw materials inventory= $320,000
Raw material purchased= $830,000
To calculate the raw material available for use, we need to use the following formula:
Raw material available for use= Beginning Raw materials inventory + Raw material purchased
Raw material available for use= 320,000 + 830,000
Raw material available for use= $1,150,000
Smartphone sales have stagnated in developed countries, but they continue to experience high growth in emerging economies. Which aspect of the industry does this trend reflect
Answer:
Open innovation
Explanation:
In a bid to drive growth and revenue, organizations and develop products which are customer friendly and centric, company's may decide not to rely on internal expertise or ideas within its own staff or designers, such that they seek external resources in a bid to mould their product offering in a systematic manner. These idea of seeking external knowledge or opinion in other to develop consumer products is called open innovation. It is a major trend which could be used to explain the push and increase in smartphone sales in developing economies as the companies tries to move in line with the current status.
At January 1, 2014, Alligator Industries reported retained earnings of $130,000. During 2014, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2014, the amount of retained earnings is
Answer:
the ending retained earning balance is $85,000
Explanation:
The computation of the ending retained earning balance is shown below:
= Opening retained earnings - net loss - dividend paid
= $130,000 - $30,000 - $15,000
= $85,000
Hence, the ending retained earning balance is $85,000
The same should be considered and relevant
om recently received 2,180 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale
Answer:
the amount of loss on the sale is $4,360
Explanation:
the computation of the amount of Tom's income or loss on the sale is shown below:
= 2,180 shares ×$12 - 2,180 shares × $14
= $26,160 - $30,520
= $4,360
Hence, the amount of loss on the sale is $4,360
The same should be relevant
The balanced scorecard is a unique system of performance measures in that it: (Check all that apply.) Multiple select question. has financial and nonfinancial measures. has multiple perspectives. has key indicators measured by all companies. has a focus on customer satisfaction. can only be used by small companies.
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
A balanced scorecard is a strategic management performance metric in which it helps the companies to identifying and improve the operations internally for helping out the external results. Also at the same time it determined the performance data related to the past and according to this it gives the feedback so that better decisions could be carried out
So as per the given options, the above 3 options should be selected
Answer:
has financial and nonfinancial measures.
has multiple perspectives.
has a focus on customer satisfaction.
Explanation:
If a lender makes a consumer home loan in violation of the law, the borrower may bring an action within _____ years after the date the violation occurred.
Answer:
This chapter may be cited as the "South Carolina High-Cost and Consumer Home Loans Act".
HISTORY: 2003 Act No. 42, Section 1, eff January 1, 2004, and applying to loans for which the loan applications were taken on or after that date.
A company's vertical scope refers to Multiple choice question. the various products and services that the company offers. the extent to which the company participates in the industry value chain, from raw material extraction to end-user sales. the extent to which the company participates in strategic alliances with other firms. the various offensive strategies that the company can employ.
Answer:
the extent to which the company participates in the industry value chain, from raw material extraction to end-user sales.
Explanation:
An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.
Basically, the organizational structure comprises of three (3) main dimensions and these are;
I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).
II. The horizontal dimension: this divides the organization into subunits.
III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.
In this context, the vertical scope of an organization or company refers to the extent to which the company participates in the industry value chain, from raw material extraction to end-user sales. Thus, it typically involves two (2) companies at different stages of the supply chain coming together to join forces and form a company.
An automobile assembly plant in Kentucky purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted __________ inventory systems.
Answer:
Just-in-time
Explanation:
From the question we are informed An automobile assembly plant in Kentucky who purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted Just-in-time inventory systems.
The just in time inventory system can be regarded as a system involving management of inventory which is been designed to bring about improved efficiency as well as reduced waste in a production process , so that at the end inventory carrying costs is minimized.
When Target decides the number and locations of warehouses it needs to build and operate, it is addressing the _______ element of the marketing mix.
Answer:
"Distribution" is the correct answer.
Explanation:
Disseminate such a big amount of the commodity upon the marketplace so that others may acquire the products before purchasing something that, could be defined as Distribution.It also includes the location as well as the configuration of anything inside or between individuals throughout higher dimensions.Thus the above is the correct answer.
A sports entertainment company wants to research how Canadians spend their free time. It is preparing a survey that will be used in all of Canada, including the province of Quebec. Unlike Canadians from other provinces, the people of Quebec primarily speak French. The researchers are planning to use English and French versions of the survey. In preparing the surveys, they should use ________.
Answer: Backtranslation
Explanation:
Back translation is the process of interpreting a document or retranslating a document that had been translated into another language back to its main original language.
Since the researchers are planning to use English and French versions of the survey, then in the preparation of the survey, they should use backtranslation.
A low-cost leader can translate its low-cost advantage over its rivals into superior profit performance by
Answer:
either using its low-cost edge to underprice competitors and attract price sensitive buyers in large enough numbers to increase total profits or refraining from price-cutting and using the low-cost advantage to earn a bigger profit margin on each unit sold.
Explanation:
Competitive advantage is the edge that a firm has over others in the same industry that results in higher profit margins for them.
One of the importance competitive advantages is price advantage.
This results from the firm being a low cost leader. Their cost of production is low enough for them to attract customers that are price sensitive leading to increased profits.
Also they can underprice their competitors or earn profit margins on the reduced cost of production per unit
Answer:
The low-cost leader can try to underprice the rest of the competition in order to attract more customers. Lower prices should increase total sales volume which will help to increase profits by offsetting fixed costs and increasing the total contribution margin. This strategy can be used as long as the firm is able to produce under economies of scale.
Explanation:
What is not true regarding tax forms? Multiple Choice The objective of the tax form is to provide information to federal and state tax authorities. Tax forms include: Federal and State income tax returns, Federal Payroll Forms and Federal Form 1099. When preparing tax returns, a company uses different rules from those used to prepare financial statements. When preparing tax returns, a company uses the same rules as those used to prepare financial statements.
Answer:
Explanation:
When preparing tax returns, a company uses different rules from those used to prepare financial statements.
_____________risk is the possible outcome that can occur when an organization or business unsuccessfully addresses its fiscal obligations.
Answer:
Financial Risk
Explanation:
Financial risk is the possibility of a negative consequence if a company or organisation fails to meet its financial commitments.
The chance of making a loss on an invest or business endeavour is referred to as financial risk. Financial risk is a form of threat that might cause interested parties to lose money. For governments, this may entail losing control of financial markets and defaulting on bonds or even other debt obligations.
During 2013, Arb Company incurred the following direct labor costs: January $20,000 and February $30,000. Arb uses a predetermined overhead rate of 120% of direct labor cost. Estimated overhead for the 2 months, respectively, totaled $19,500 and $35,700. Actual overhead for the 2 months, respectively, totaled $24,500 and $32,500.
Determine if overhead is over- or underapplied for each of the two months and the respective amounts.
Answer:
Results are below.
Explanation:
Giving the following information:
Predetermined overhead rate= 120% of direct labor cost
First, we need to allocate overhead for the 2 months:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Month 1:
Allocated MOH= 20,000*1.2= $24,000
Month 2:
Allocated MOH= 30,000*1.2= $36,000
Now, the over/under allocation:
Under/over applied overhead= real overhead - allocated overhead
Month 1:
Under/over applied overhead= 24,500 - 24,000
Underapplied overhead= $500
Month 2:
Under/over applied overhead= 32,500 - 36,000
Overapplied overhead= $3,500
Tools to manage service level agreements (SLAs) in a help desk software package probably are of greatest use by ____.
Answer:
help desk manager.
Explanation:
A service level agreement (SLA) is usually between a service provider and its customers (end users).
In order to define and provide satisfactory service, organizations that provide services are expected to implement a service level agreement and it should comprise of the following parameters; responsibilities, expectations, metrics, time and frequency.
An example of a service level agreement is the mean time between failures (MTBF), mean time to repair or mean time to recovery (MTTR) which is generally used by telecommunications firms and internet service providers (ISP) for their respective customers.
Hence, tools to manage service level agreements (SLAs) in a help desk software package probably are of greatest use by help desk manager.
Solve the exponential equation by taking the logarithm on both sides. 5^(x+8)=7
x = (log₅7) - 8
Explanation:Given;
[tex]5^{x+8}[/tex] = 7
Take log of both sides;
log₁₀([tex]5^{x+8}[/tex]) = log₁₀7 -------------(ii)
From the laws of logarithm remember that;
logₐ xⁿ = n logₐ x
Equation (ii) can then be written as;
(x + 8)log₁₀5 = log₁₀7
Divide both sides by log₁₀5
(x + 8) = [tex]\frac{log_{10}7}{log_{10}5}[/tex] -----------(iii)
From the laws of logarithm, remember that;
[tex]\frac{log_{a}x}{log_{a}y} = log_yx[/tex]
Equation (iii) can thus be written as;
(x + 8) = log₅7
x + 8 = log₅7
Make x subject of the formula;
x = (log₅7) - 8
Christina owns a boutique and is ordering jewelry made using semi-precious stones from a supplier in Mexico. Due to low wages in Mexico, her supplier promised an excellent wholesale price for these goods. You agree with Christina when she explains to you that international business law is very clear-cut with these dealings. As long as the supplier is not breaking any labor laws in his country, her social responsibility is covered. Group startsTrue or False
Answer:
True
Explanation:
Christina is buying jewelry from a supplier in Mexico. She is buying the jewelry at minimum possible quoted price. The wages in Mexico are low due to the presence of large number of labors. The supplier is not breaking any labor law in the country so Christina does not have more responsibility to identify whether supplier is following all laws or not.
Menu costs are higher in traditional markets than digital markets. Group of answer choices True False
Answer:
true
Explanation:
Inflation is a persistent rise in the general price levels
Types of inflation
1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.
Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.
A fashion academy in Chicago promoted its products by collaborating with various film companies and allowing them to use its clothing and jewelry in the films. The academy also associated with television shows in which fashion is one of the attracting elements for the viewers. Which term best describes the action of the fashion academy
Answer:
Product placement
Explanation:
From the question we are informed about fashion academy in Chicago which promoted its products by collaborating with various film companies and allowing them to use its clothing and jewelry in the films. The academy also associated with television shows in which fashion is one of the attracting elements for the viewers. In this case, the best describes the action of the fashion academy is Product placement.
Product placement can be regarded as form of advertising whereby branded goods/services are been featured in a production with a large targets audience. Often, this product placement is been regarded as "embedded marketing". The product placements could be typically found in television shows as well as movies. companies may give payment in terms of cash or goods to production company in exchange for product placement rights.
ABC Co. purchased merchandise on August 5 at a $1,000 invoice price with terms of 2/10,n/30 and paid for the merchandise on August 14. Determine its entry to record this purchase and the subsequent payment under both the gross method and the net method by matching the action on the left with the method on the right. (Assume a perpetual inventory system.)
Answer:
Credit Cash for $980 on August 14: Both methods
Debit Merchandise lnventoty for $980 on August 5: Net method
Credit Merchandise Inventory for $20 on August 14: Gross method
Debit Discounts Lost for $20 on August 14: Neither method
Explanation:
To Determine the entry to record this PURCHASE AND THE SUBSEQUENT PAYMENT under both the GROSS METHOD and the NET METHOD by matching the action on the left with the method on the right using a perpetual inventory system
Credit Cash for $980 on August 14: BOTH METHODS
(98%*$1,000)
Debit Merchandise lnventoty for $980 on August 5: NET METHOD
(98%*$1,000)
Credit Merchandise Inventory for $20 on August 14: GROSS METHOD
(2%*$1,000)
Debit Discounts Lost for $20 on August 14: NEITHER METHOD
(2%*$1,000)
_________ is used to determine the monthly payments due for each internal adjustment period over the remaining life of the loan. Depending on the movement of interest rates and thus the indexes, monthly payments will fluctuate up or down until the loan is either paid off, refinanced, or converted to a fixed rate level annuity payment loan.
Answer:
The note rate
Explanation:
The note rate is the actual interest rate i.e. applied for determining the monthly payment. Here the annual percentage used is applied in order to compare the borrowed money from the specific lender on the particular transaction. Also in this, the monthly payment would not remain fixed it always fluctated
So it is the note rate situation
If the balance of the cash account is $80,800 at the end of the month, what was the cash balance at the beginning of the month
Answer:
$38,900
Explanation:
Missing word "During the month, Warwick co, received $332,800 in cash and paid out $280,900 in cash"
Particulars Amount
Cash balance at month end $80,800
Add: Cash paid out $280,900
Less: Cash received $322,800
Beginning cash balance $38,900
Stephen is a professor at a university. He tells his students that rich countries continue to stay rich because they control the economies of poor countries. He also states that they exploit the poor countries because workers in poor countries depend on external markets for jobs. He argues that rich countries set prices for agricultural products exported by poor countries regardless of market values. Which theory is he describing to his students
Answer: World-system theory
Explanation:
World-system theory are various approach to how past events in the world played out alongside social changes and it's impact on the people.
They are many claims the rich make their wealth off the poor, many of those claims could be true, as we are surrounded with a few rich and many struggling person's in the society. These theories and many more which tell how past events play out is known to be World-system theory.
Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable. True False
Answer: False
Explanation:
The statement that "Paul Krugman argues that although strategic trade policy looks unappealing in theory, in practice it is most likely to be workable" is false.
According to Paul Krugman, a strategic trade policy will be captured by the special-interest groups that are within the economy and this will bring about it's distortion and therefore it's unlikely to be workable.