define foreign employment promotion board​

Answers

Answer 1

Answer:

Kindly check explanation

Explanation:

The key word. Foreign employment could be explained as jobs offered in a country to nationals of another country. This is called foreign employment. The foreign employment promotion board as part of its responsibility is charged with the enhancement of international relation and between countries. Furthermore, the board handles the generation of foreign employment welfare fund. If a country has a good and functioning Foreign Employment promotion board, such country will likely enjoy good international trade between countries as they often take note of international trade opportunities and tap into it.


Related Questions

Grammy's Bakery had the following information for the bi-weekly pay period ending June 30: earnings
Employee Pay rate Hours Cumulative earnings Department Federal
Name worked prior to current payroll income tax
withheld
P Ganster $2.000 salaried 12000 itchen 86.00
T. Baker $10.00/hour 50 $6,500 Office $22.00
Assume:
FICA-OASDI applied to the first $117,000 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%
FUTA applied to the first $7,000 at a rate of 0.6%
SUTA applied to the first $7,000 at a rate of 5.4%
State income tax is 3.8%
Given the information above, what would be the amount applied to FUTA Payable?
a. Debit $3.00
b. Debit $20.40
c. Credit $3.00
d. Credit $20.40

Answers

Answer:

c. Credit $3.00

Explanation:

The computation of the amount applied to FUTA Payable is shown below:

The Current Earnings for T. Baker is

= 50 × 10

= $500

And,  

The FUTA applied is

= 6% of $500

= $3

So here we credit the futa payable by $3

Therefore the option c is correct

And, the rest of the options are wrong

Mary and Larry are purchasing a house for $198,000. They are making a down payment of $20,000, and they are approved for a conforming loan. How much should they expect to receive in seller help if the seller agrees to contribute the maximum amount

Answers

Answer:

$11,880

Explanation:

The computation of the amount that should be expected to recieve in seller is shown below:

The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%

So, the amount should be

= $6% of $198,000

= $11,880

Star Corp. has a rate of return on assets of 10% and a debt/equity ratio of 2 to 1 before entering into an operating lease as the lessee. Not including any indirect effects on earnings, when Star Corp. records the operating lease, the immediate impact on these ratios is a(an): Return on Assets Debt/Equity a. increase increase b. decrease decrease c. increase decrease d. decrease increase

Answers

Answer:

d. decrease increase

Explanation:

The formula for the return on asset is as follow

Return on Asset = Net income / Total Assets

As the asset value is increased as a result of lease entry, The return on asset ratio will decrease because there will be no change in net income.

As the debt of the company will increase

The formula for debt-equity ratio is as follow

Debt equity ratio = Total Debt / Total equity

As the debt will increase as a result of the lease and there will be no impact on the equity of the company. Hence, the debt-equity ratio will increase.

Suppose jess resigns from her low paying job. After looking for a new job for two weeks she is highly frusterated and gives up looking for a better paying job. According to the U.S. Bureau of Labor Statistics, jess would:____.
A) be considered unemployed.B) be considered employed.C) be considered temporarily unemployed.D) not be considered as a part of the labor force.E) be considered as seasonally unemployed.

Answers

Answer:

D) not be considered as a part of the labor force.

Explanation:

Labour force is defined as a group of individuals in an economy that are either employed or unemployed.

Employed individuals have jobs and are not actively looking for other opportunities.

Unemployed individuals according to the U.S Bureau of Labour Statistics are those that are employed and actively looking for other opportunities or that have no work and are looking jobs.

However in the given scenario Jess resigns from her low paying job and after looking for a new job for two weeks she is highly frusterated and gives up looking for a better paying job. She is considered not part of the labour force because she is not actively seeking employment

According to the U.S. Bureau of Labor Statistics, Jess would not be considered as a part of the labor force.

What is the term Labor force about?

Labor force is defined as a group of individuals in an economy that are either employed or unemployed.

Employed individuals have jobs and are not actively looking for other opportunities.

However, in the given scenario Jess resigns from her low paying job and after looking for a new job for two weeks she is highly frustrated and gives up looking for a better paying job. She is considered not part of the labor force because she is not actively seeking employment.

Therefore, correct option is D.

Learn more about Labor force, refer to the link:

https://brainly.com/question/13962639

In Brazil, the reference base period for the CPI is 2000.By 2016, prices had risen by 187 percent since the base period. The inflation rate in Brazil in 2017 was 3.4 percent, and in 2018, the inflation rate was 3.7 percent.Calculate the CPI in Brazil in 2017 and 2018. Brazil's CPI in 2019 was 318. Did Brazil's cost of living increase or decrease in 2019?The CPI in Brazil for 2017 is __.The CPI in Brazil for 2018 is __.Did Brazil's cost of living increase or decrease.

Answers

Answer and Explanation:

The computation is shown below:

Reference base year is 2000 and as it's the base year, So the CPI is 100.

Now  

The prices have risen by 187% by 2016 means the CPI is

= 100 +  187% of 100

= 287.

And,  

There is 3.4% inflation in 2017 that means prices have increased by 3.7% in 2017 compared to 2016.

Now  

CPI is 287 + 3.4% of 287

= 296.758

CPI in 2017 = 296.758

In 2018, inflation is 3.7%,

CPI = 296.758 + 3.7%

= 307.74

CPI in 2018 = 307.74

In 2019, CPI is 318, which is approx 3.3% higher than as compared to the year 2018 so

Brazil's cost of living rised in 2019.

CPI of Brazil in 2017 is 296.76

CPI of Brazil in 2018 is 307.74

So,  

Brazil's cost of living increases every year

A student borrows $90,000 for business school at 9.0% stated annual interest with equal monthly payments over 9 years. Consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard loan received one period before the first payment. How much is the monthly payment

Answers

Answer:

the monthly payment is $1,218.86

Explanation:

The computation of the monthly payment is shown below;

Given that

RATE = 9% ÷ 12 = 0.75%

NPER = 9 × 12 = 108

PV = -$90,000

FV = $0

The formula is shown below;

=PMT(RATE,NPER,PV,FV,TYPE)

After applying the above formula, the monthly payment is $1,218.86

Buying Paint April is at the hardware store and must decide whether to buy paint in 11 individual quart cans or to buy it in both gallon and quart cans. Here are the facts:
4 quarts
1 gallon
1 quart costs $4.39
1 gallon costs $13.99
What should April do?
1. Find the cost.
2. Find out how many gallons to buy 2 Gallons.
3. Find the cost. of 4 quarts.

Answers

Answer:

a) $41.15

b) Two gallons

c) $48.29

Explanation:

Total individual quarts to be purchased = 11

Number of gallons in 11 quarts = 11/4 = 2

Hence there are 2 gallons and 3 quarts in 11 individual quarts  

a) Total price  

2 * $ 13.99 + 3 * $4.39 = $41.15

b) Two gallons  

c) Cost of 4 quarts  

11 * $ 4.39 = $48.29

Perhaps the best method for estimating the market value of shareholders' equity is to: _____________

a. read from the firm's balance sheet.
b. read from the firm's income statement.
c. multiply number of shares outstanding by the price of each share.
d. add the retained earnings plus total liabilities.

Answers

Answer:

C.multiply number of shares outstanding by the price of each share

Star Corp., an accrual-method C corporation, incurred the following expenses in 2020 (all of which are ordinary and neccessary unless the facts indicate otherwise): Office rent: $50,000 CEO compensation: $1,500,000 Salary paid to janitor $250,000 Business meals: $60,000 (100% of the amount paid) Client entertainment $100,000 (100% of the amount paid) Traffic fines: $5,000 Advertising $70,000 Taxes & licenses (state, local & payroll) $30,000 Life insurance policy on CEO - premiums: $12,000 Average office rents in the area run $50,000-$55,000/year for similar office space. Star Corp's janitor is the CEO's sister. Reasonable salary for a janitor with similar experience, job description and work hours is $20,000/year. The CEO often runs late to important meetings, and he has a tendency to speed (and get speeding tickets) on his way. Star Corp. pays the speeding tickets. Star Corp. is the beneficiary on the life insurance policy. What is Star Corp.'s total deductible business expenses for the year?

Answers

Answer:

$1,842,000

Explanation:

Calculation to determine Star Corp.'s total deductible business expenses for the year

STAR CORP.'S total deductible business expenses

Office rent $50,000

CEO Compensation $1,500,000

Salary paid to Janitor $20,000

Business meals $60,000

Client entertainment $100,000

Advertising $70,000

Taxes & Licenses $30,000

Life insurance policy on CEO-Premium $12,000

Total $1,842,000

Therefore Star Corp.'s total deductible business expenses for the year is $1,842,000

Borques Company produces and sells wooden pallets that are used for moving and stacking materials. The operating costs for the past year were as follows:

Variable costs per unit:
Direct materials $2.85
Direct labor $1.92
Variable overhead $1.60
Variable selling $0.90
Fixed costs per year:
Fixed overhead $180,000
Selling and administrative $96,000

During the year, Borques produced 200,000 wooden pallets and sold 204,300 at $9 each. Borques had 8,200 pallets in beginning finished goods inventory; costs have not changed from last year to this year. An actual costing system is used for product costing.

Required:
a. What is the per-unit inventory cost that is acceptable for reporting on Borques’s balance sheet at the end of the year?
b. How many units are in ending inventory?
c. Calculate absorption-costing operating income.

Answers

Answer:

Borques Company

a. Unit inventory cost = $7.27

b. Ending inventory = 3,900 units

c. Absorption-costing operating income = $73,569

Explanation:

a) Data and Calculations:

Variable costs per unit:

Direct materials      $2.85

Direct labor             $1.92

Variable overhead $1.60  $6.37

Variable selling     $0.90   $7.27

Fixed costs per year:

Fixed overhead                $180,000

Selling and administrative $96,000  $276,000

Selling price per unit = $9

Acceptable per-unit inventory cost:

Variable product cost per unit = $6.37

Total variable production cost = $1,274,000

Fixed production cost =                   180,000

Total production cost =              $1,453,000

Unit inventory cost = $7.27 ($1,453,000/200,000)

b. Ending inventory

Beginning inventory   8,200

Production units = 200,000

Units available       208,200

Sales units =          204,300

Ending inventory       3,900

c. Absorption Costing Operating Income:

Sales Revenue                 $1,838,700 ($9 * 204,300)

Cost of goods sold             1,485,261 ($7.27 * 204,300)

Gross profit                        $353,439

Selling expenses:

Variable ($0.90 * 204,300) 183,870

Fixed                                     96,000

Total selling expenses    $279,870

Operating income             $73,569

Provide a recommendation to Kimishima on how Nintendo should formulate its strategy to compete successfully in the gaming industry in the next three to five years.

Should the company compete in software, hardware, or both? What platforms should it focus, if any? Were there ancillary revenue streams that the company could focus on, similar to other companies that had licensed their character IP? Alternatively, was it possible to create a corporate model similar to Legoland's or Walt Disney's?"

Answers

Answer:

Recommendation to Kimishima about Nintendo is given below:

Explanation:

Nintendo already have a goodwill with [now adults] because they have been playing Nintendo during their childhood, this goodwill can be revived by developing a software [Game] which is famous in Adults [Reality Game]. Also Nintendo can develop a hardware [Gaming Console] which should be compatible with other developers games and possibly cheaper in price to attract customers.

Nintendo already having goodwill, can develop a theme park with its characters and rides, this park can also have shops where Nintendo can sell its games and consoles.

According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left school early and did not complete their education what would probably be the results for that country?
a. Average income in the country will see significant increases.
b. There would be both a human and economic loss.
c. The economic status of the country would continue to rise.
d. More technological breakthroughs would happen in this country.

Answers

Answer:

b. There would be both a human and economic loss.

Explanation:

In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily

Therefore the option b is correct

The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $225 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.03 per month, or $0.36 per year; and annual fuel usage is 180,000 gallons. MBC buses operate 288 days a year.

Required:
a. What is the optimal quantity for MBC?
b. How frequently should MBC order to replenish the gasoline supply?
c. The MBC storage tanks have a capacity of 15,000 gallons. Should MBC consider expanding the capacity of its storage tanks?
d. What is the recorder point?

Answers

Answer:

A. 15,000

B. 12 times

C. No Need Of Expanding the storage tanks

D. 6,250 gallons

Explanation:

a. Calculation to determine the optimal quantity for MBC

Using this formula

Optimal quantity=√2×Demand quantity×Ordering cost÷Holding cost

Let plug in the formula

Optimal quantity=√2×180,000×$225÷$0.36

Optimal quantity=√225,000,000

Optimal quantity=15,000

Therefore the optimal quantity for MBC is 15,000

b. Calculation to determine How frequently should MBC order to replenish the gasoline supply

Using this formula

MBC order=Demand quantity÷ Economic Ordering quantity

Let plug in the formula

MBC order=180,000÷15,000

MBC order=12 times

Therefore How frequently should MBC order to replenish the gasoline supply will be 12 times

c.) If The MBC storage tanks have a capacity of 15,000 gallons there is NO NEED OF EXPANDING the storage tanks reason been that the OPTIMAL ORDER QUANTITY is 15,000 which is the same with MBC's tank storage capacity.

d. Calculation to determine the reorder point

Using this formula

Reorder point = Lead time× Average demand quantity

Where,

Lead time=10 days

Average Demand Quantity=180,000/$288

Average Demand Quantity=625

Let plug in the formula

Reorder point =10 days*625

Reorder point=6,250 gallons

Therefore Reorder point is 6,250 gallons

Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary).Week Time Series ForecastValue 1 18 2 15 3 16 4 13 5 17 6 16MSE:
The forecast for week 7:
Use = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7.Week Time Series Forecast
Value
1 18
2 15
3 16
4 13
5 17
6 16MSE:
The forecast for week 7:
Compare the three-week moving average forecast with the exponential smoothing forecast using = 0.2. Which appears to provide the better forecast based on MSE?

Answers

Answer:

a. We have:

MSE: 63.03

The forecast for week 7: 15.33

b. We have:

MSE: 47.49

The forecast for week 7: 16.35

c. The exponential smoothing forecast using = 0.2. appears to provide the better forecast based on MSE.

Explanation:

a. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary).

Note: See Part a of the attached excel file for the Calculations of Forecast, Error, and Error^2.

From the attached excel file, we can have:

MSE = Mean squared error = Total of Error^2 / Number of observation under the Error^2 = 252.11 / 4 = 63.03

The forecast for week 7 = 15.33

b. Use = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7.

Note: See Part b of the attached excel file for the Calculations of Forecast, Error, and Error^2.

From the attached excel file, we can have:

MSE = Mean squared error = Total of Error^2 / Number of observation under the Error^2 = 284.96 / 6 = 47.49

The forecast for week 7 = 16.35

Note that under exponential smoothing, forecast for week 2 has to be the Time Series Value for week 1.

b. Compare the three-week moving average forecast with the exponential smoothing forecast using = 0.2. Which appears to provide the better forecast based on MSE?

Since 47.49 MSE of the exponential smoothing forecast using = 0.2 is less than 63.03 MSE of the three-week moving average forecast, it implies that  the exponential smoothing forecast using = 0.2. appears to provide the better forecast based on MSE.

Imprudential, Inc., has an unfunded pension liability of $750 million that must be paid in 17 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 8.0 percent, what is the present value of this liability

Answers

Answer:

$202,701,713.58

Explanation:

Present value of this liability = Value of liability / ((1+r)^t)

Present value of this liability = $750 million / ((1+0.08)^17)

Present value of this liability = $750 million / (1.08)^17

Present value of this liability = $750 million / 3.7000180548

Present value of this liability = $202,701,713.5840815

Present value of this liability = $202,701,713.58

The fact that we can derive the British pound​/Israeli shekel exchange​ rate, say, from the ​dollar/pound rate and the ​dollar/shekel rate follows from ruling out a potentially profitable arbitrage strategy known as triangular arbitrage. As an example, suppose that the British pound price of a zloty was below the British pound price of a dollar times the dollar price of a zloty, as depicted by the hypothetical data in the following table.

Exchange rate Value
British pound price of a zloty 4.0
British pound Vice of a dollar 1.60
U.S. dollar price of a zloty 5.00

Using $100 to purchase the Polish currency directly would obtain ___________ zlotys.

Answers

Answer:

The answer is "20".

Explanation:

In this question the given exchange rate for US dollar to a Zloty=5  

for [tex]\$100[/tex] we get [tex]\frac{ 100}{5}=20 \ \ Zloty[/tex]

Come and Go Bank offers your firm a discount interest loan with an interest rate of 9 percent for up to $21 million, and in addition requires you to maintain a 2 percent compensating balance against the face amount borrowed.
What is the effective annual interest rate on this lending arrangement? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Effective annual rate= %

Answers

Answer: 10.11%

Explanation:

The effective annual interest rate on this lending arrangement will be calculated thus:

Interest Paid will be:

= 9% × $21 million

= 0.09 × $21 million

= $1.89 million

Amount Received will then be:

= (21million - 1.89million) - (21million)(0.02)

= $19.11 million - $0.42 million

= $18.69 million

Then, the effective annual rate will be:

= 1.89/18.69

= 10.11%

Therefore, the effective annual interest rate on this lending arrangement is 10.11%.

Although direct labor and raw materials costs are treated as manufacturing costs and therefore make up part of the finished goods inventory cost, factory overhead is charged to expense as it is incurred because it is a period cost.
A. True
B. False

Answers

Answer:

B. False

Explanation:

The period cost is that cost that indirectly related to the process of the production. The sales, general and admin cost should be considerd as the period cost

So as per the given situation, the factory overhead that charged for an expense as incurred so this does not represent the period cost

Therefore the given statement is false

A company had the following information taken from various accounts at the end of the year:
Sales discounts $ 41,000
Deferred revenues $ 32,000
Total revenues $ 459,000
Purchase discounts $ 15,000
Sales allowances $ 35,000
Accounts receivable $ 205,000
What was the company's net revenues for the year?

Answers

Answer:

Net Revenue = $383000

Explanation:

Below is the calculation for net revenue:

Net revenue = Total revenue - Sales discount - sales allowances

Given Total revenue = 459000

Sales discount = 41000

Sales allowances = 35000

Net Revenue = 459000 - 41000 - 35000

Net revenue = 459000 - 76000

Net Revenue = $383000

The net revenue of the company for the year is $383000.

Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,304,790.

Required:
Prepare the January 1, 2019, journal entry to record the bonds’ issuance.

Answers

Answer: Dr Cash $3,304,790

Cr Bonds payable $2,700,000

Cr Premium on bond issued $604,790

Explanation:

The journal entry to record the bonds’ issuance will be illustrated below:

January 1, 2019

Debit Cash $3,304,790

Credit Bonds payable $2,700,000

Credit Premium on bond issued $604,790

Decruitment is the planned elimination of ________ in an organization. A) jobs
B) managerial hierarchy C) cross-functional teams D) departments

Answers

Answer:

C) cross-functional teams

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of recruiting, downsizing, decruiting, managing and improving the welfare and working conditions of the employees working in an organization.

A cross-functional team can be defined as a group that comprises of employees from different functional areas within an organization.

Decruitment is the planned elimination of cross-functional teams in an organization.

This ultimately implies that, decruitment is a method adopted by human resource managers to reduce the number of various employees (workforce) working in an organization.

Similarly, downsizing refers to the planned elimination of jobs (job positions) existing in an organization.

It has been said that Earned Value Management (EVM) came about because the Federal Government often used "Cost-plus" contractors with project organizations. Cost-plus contracting allows the contractor to recover full project development costs plus accumulate profit from these contracts. Why would requiring contractor firms to employ earned value management help the government hold the line against project cost overruns?

Answers

Answer:

Earned Value Management (EVM)

The Federal Government requires contractor firms to employ earned value management because it enables it to assess the work that has been completed against an established baseline plan in terms of technical, time, and cost performance.

Armed with this information, it is in a better position to make important project decisions and help to control over-spending.

Explanation:

Earned value management (EVM) as a integrated project management methodology details the project time schedule, costs, and scope to ensure correct measurement of project performance.  Using planned and actual values, EVM enables future predictions, improving the ability of project managers to adjust according to requirements.

The number of times interest charges are earned is computed as

a. net income plus interest charges, divided by interest charges.
b. income before income tax plus interest charges, divided by interest charges.
c. net income divided by interest charges.
d. income before income tax divided by interest charges.

Answers

Answer:

B)income before income tax plus interest charges, divided by interest charges.

Explanation:

Interest charges can be regarded as

sum of interest that is on one's credit card account, It can be be defined base on transaction type, such as

cash advances , purchases, or balance transfers. If one is making less than full balance payment or making payment after due date, then one would be charged. Another point is that there is is no grace period for cash advances and balance transfers, i.e as the transaction is been made, there would be accrual of interest. Interest rate is a term for amount that is been charged by lender for usage of assets, and it's been expressed in term of percentage of the principal. It should be noted The number of times interest charges are earned is computed as income before income tax plus interest charges, divided by interest charges.

Problems and Applications Q8 Suppose subway ridership in New York City declined by 4.3 percent after a fare increase of 25 cents to $1.50. Using the midpoint method, an estimate of the price elasticity of demand for subway rides is . True or False: According to your estimate, the Transit Authority's revenue rises when the fare increases. True False

Answers

Answer:

Price elasticity of demand = Percentage in quantity demanded / Percentage change in price

We already have the percentage change in quantity demanded as -4.3%.

We need to find the percentage change in price using the midpoint method.

= (New price - Old price) ÷ ((New Price + Old price) / 2)

Old price = 1.50 - 0.25 = $1.25

Percentage change in price = (1.50 - 1.25) ÷ ((1.50 + 1.25) / 2)

= 18.18%

Price elasticity of demand = -4.3% / 18.18%

= -0.24

According to your estimate, the Transit Authority's revenue rises when the fare increases. TRUE.

The statement is true because the price elasticity of demand here is Inelastic and when this is the case, revenue rises when the price of the good or service increases.

The price elasticity of demand is inelastic when it is less than 1 which is the case here.

There is overwhelming evidence that environmental and situational factors strongly affect leadership.Of the following,which is the best example of one of those situational factors?
A) Positive personality
B) Pragmatism about solutions
C) Seating arrangements
D) Diversity of network contacts

Answers

Answer:

C) Seating arrangements

Explanation:

A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.

Some types of power expressed by leaders are referent power, coercive, etc.

Situational leadership is a leadership style which typically involves the leader adapting his or her style to match or suit the current work environment and fits the level of development of the followers being led.

Generally, environmental and situational factors have been proven beyond reasonable doubt to strongly and overwhelmingly affect leadership. The best example of one of those situational factors is seating arrangements of the employees working in an organization. A leader who is the head of a team or department might choose a particular seating arrangement that best suit the current work environment based on his or her style, thought, and perspective.

You bought Sumsung stock for $50 on April 1. The stock paid a dividend of $5 on July 1, and had a price of $53. It is now Oct. 1, and the stock price is $52. Treasury bills yield 1%.

Required:
a. What was the arithmetic average quarterly return?
b. What was the standard deviation of quarterly returns?

Answers

Answer:

a. 7.05%

b. 12.7%

Explanation:

a. The returns are:

First return July 1 = (Current price - Previous price + Dividend) / Cost price

= (53 - 50 + 5) / 50

= 16%

Second return Oct 1 = (52 - 53) / 53

= -1.9%

Arithmetic mean = (16 + (-1.9%)) / 2

= 7.05%

b. Variance = ((16% - 7.05%)² + (-1.9% - 7.05%)²)

= 160.205%

Standard deviation = √160.205

= 12.7%

On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $59,800, has an ten-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment. On January $13,850 was spent the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $2,600 represented ordinary repairs and annual maintenance and $11,250 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 12 years.

Required:
Prepare journal entries for the depreciation for 2019 and 2020.

Answers

Answer:

KB Toy Company

Journal Entries:

December 31, 2019:

Debit Depreciation expense $4,485

Credit Accumulated Depreciation $4,485

To record depreciation expense for the year.

December 31, 2020:

Debit Depreciation expense $5,547

Credit Accumulated Depreciation $5,547

To record depreciation expense for the year.

Explanation:

a) Data and Calculations:

Cost of equipment on April 1, 2019 = $59,800

Estimated useful life = 10 years

Residual value = $0

Depreciable amount = $59,800

Annual depreciation expense = $5,980 ($59,800/10)

Depreciation expense, December 31, 2019 = $4,485 ($5,980 * 9/12)

January, 2020:

Net book value = $55,315 ($59,800 - $4,485)

Additional feature  11,250

New cost =         $66,565

New estimated useful life = 12 years

Depreciation expense, December 31, 2020 = $5,547 ($66,565/12)

Repairs and maintenance expense = $2,600

December 31, 2019:

Depreciation expense $4,485

Accumulated Depreciation $4,485

December 31, 2020:

Depreciation expense $5,547

Accumulated Depreciation $5,547

On January 1, Eastern College received $1,280,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term. What amount of tuition revenue should the college recognize on February 28? Assume the college prepares monthly financial statements.a. $640,000.b. $1,280,000.c. $880,000.d. $960,000.e. $320,000.

Answers

Answer:

e. $320,000

Explanation:

Calculation to determine amount of tuition revenue should the college recognize on February 28

Using this formula

Tuition revenue =Amount received/Term spans

Let plug in the formula

Tuition revenue=$1,280,000 /4 months

Tuition revenue=$320,000

Therefore amount of tuition revenue should the college recognize on February 28 is $320,000

The managers at Sonic SmartPhones are currently developing strategies for the company's new products and setting objectives for its business units. These managers are engaging in the management function of:__________.

Answers

Answer:

planning.

Explanation:

From the question, we are informed about the managers at Sonic SmartPhones who are currently developing strategies for the company's new products and setting objectives for its business units. These managers are engaging in the management function of planning.

Planning can be regarded as one of

management function which involves

process of thinking as regards the activities needed in achieving a desired goal. It can be regarded as first or foremost activity needed in achieving desired results. It encompass

creation as well as maintenance of a plan, this could be in psychological aspects which requires conceptual skills.

The relationship between current assets and current liabilities is called:_______
a) the matching principle.
b) useful in determining income.
c) useful in evaluating a company's liquidity.
d) useful in determining the amount of a company's long-term debt.

Answers

Answer:

Option "C" is correct.

Explanation:

Option "C" is correct because the current assets and current liabilitites are used to find the liquidity. The current liabilities are the one that has to pay within the year. Similarly, the current assets are the ones that can be converted into cash within the year. Therefore, the evaluation of both gives the idea of the company's liquidity.

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