Explanation:
Codes of ethics are essential in every organization to be a parameter of employees' moral conduct. Through the code of ethics, the organization induces its people to take actions and behaviors that are positive for the organizational environment and the company's culture, as well as encouraging employees to act in accordance with the company's identity and moral values and also from society.
In a globalized environment, work environments have become multicultural, which should be understood in the code of ethics, which when effective and aligned with organizational objectives will positively impact on motivation and organizational performance, since the organization will have the image and the positioning of a company that preserves individual values, morals and positive development practices in society.
Strengths and weaknesses Group of answer choices should be kept confidential. are areas of high and low capability. relate to the external environment. are an outcome of strategic implementation.
Answer: are areas of high and low capability.
Explanation:
Strength and weakness are areas of high and low capability. Some examples of the strengths that an organization has include large market share, strong employee attitudes, economies of scale, hug integrity etc. These gives an organization an edge over its rivals.
The weakness of an organization makes such organization lag behind its rivals.
If Malaland exports $51 billion in goods to Bursia, and Malaland imports $34 billion of goods from Bursia , what is the goods trade balance for Malaland
Answer:
$17 billion
Explanation:
Calculation for what is the goods trade balance for Malaland
Using this formula
Goods trade balance=Exports goods- Imports goods
Let plug in the formula
Goods trade balance=$51 billion- $34 billion
Goods trade balance=$17 billion
Therefore the goods trade balance for Malaland will be $17 billion
which factor plays the biggest role in motivating economic decisions in a traditional economy?
Answer:
These are the answer choices for the question:
A. Cooperation between governments and citizens
B. Commitment to maintaining long-standing customs
C. Corruption in the leadership of powerful groups
D. Competition between different businesses
And this is the correct answer choice:
B. Commitment to maintaining long-standing customs
Explanation:
Traditional economies are economies that have not yet industrialized, that tend to be small-scale, and that give great weight to traditions when taking economic decisions, precisely.
Examples of traditional economies can be seen in nomadic, semi-nomadic, and pastoralist peoples, who often lack enough economic complexity to become large populations with complex poltiical and economic institutions.
In these societies, economic decisions may be guided more by the insight of a leader, than by economic rationality per se, as long as the bare minimum needs for survival are met beforehand.
There are factors plays the biggest role in motivating economy decisions in a market economy. The factor is Competition between different businesses.
A traditional economy is known to be a type of economic system where local or traditions, customs, and beliefs help defines the goods and services the economy creates, and also rule and way of their distribution.
Countries often this type of economic system and they are said to be rural and farm-based. Examples includes nomadic, semi-nomadic, and pastoralist etc.
See answer choices below
A. Cooperation between governments and citizens
B. Commitment to maintaining long-standing customs
C. Corruption in the leadership of powerful groups
D. Competition between different businesses
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Situation I On January 1, 2020, Bramble, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,446,000. It was estimated that it would take 3 years to complete the project. Also on January 1, 2020, to finance the construction cost, Bramble borrowed $4,446,000 payable in 10 annual installments of $444,600, plus interest at the rate of 10%. During 2020, Bramble made deposit and progress payments totaling $1,667,250 under the contract; the weighted-average amount of accumulated expenditures was $889,200 for the year. The excess borrowed funds were invested in short-term securities, from which Bramble realized investment income of $269,200. What amount should Bramble report as capitalized interest at December 31, 2020
Answer:
$88,920
Explanation:
capitalized interest = weighted average accumulated expenditure for the year x interest rate of the loan = $889,200 x 10% = $88,920
Capitalized interest can be added to the basis of the new building that is being constructed. This way, the building's depreciable value will increase.
Ridge Company issues $10,000,000 10-year, 9% bonds on 3/1/17 at 97 plus accrued interest. The bonds are dated January 1, 2010, and pay interest on June 30 and December 31; original issue date was 1/1/17. What is the total cash received on 3/1/17
Answer:
$9,850,000
Explanation:
Calculation for What is the total cash received on 3/1/17
Total cash received on 3/1/17=$10,000,000 × .97) + ([9%*$10,000,000) × 2/12]
Total cash received on 3/1/17=$10,000,000 × .97) + ($900,000 × 2/12)
Total cash received on 3/1/17=$9,700,000+$150,000
Total cash received on 3/1/17 = $9,850,000
Therefore the total cash received on 3/1/17 is $9,850,000
The Impala Company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on 1/1/16. Interest is paid on June 30 and December 31. The bonds sold for $4,901,036. Using straight-line amortization, compute the 12/31/18 carrying value of the bonds.
Answer:
carrying value at the end of 2018 = $4,915,880.60
Explanation:
the journal entry to record the sales of the bonds
Dr Cash 4,901,036
Dr Discount on bonds payable 98,964
Cr Bonds payable 5,000,000
Amortization of bond discount per year = $98,964 / 20 years = $4,948.20
Accumulated amortization for the first 3 years (2016, 2017, 2018) = $14,844.60
carrying value at the end of 2018 = $4,901,036 + $14,844.60 = $4,915,880.60
The Lion Incorporated is currently going bankrupt and is a subsidiary of the Dorothy Ltd. The CFO of the Dorothy Ltd is preparing consolidating statements for a listing of the company on the French stock exchange. She does not include in consolidation the Lion Company, saying Lion does not have and is not in the process of having debt or equity instruments that are publically traded. The CFO is:
Answer: In compliance with the IFRS
Explanation:
Based on the information given in the question, we can say that the CFO is in compliance with the IFRS. IFRS Standards are typically used by accountable entities. We should note that even though IFRS Standards are normally permitted, it is not required for every accountable entities.
In the scenario in the question, we are informed that the CFO does not include in consolidation the Lion Company, saying Lion does not have and is not in the process of having debt or equity instruments that are publically traded. In this case, the CFO is in compliance with the IFRS.
What amount is recorded for a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange has commercial substance
Answer:
The fair value of the asset given up, with a gain or loss recognized.
Explanation:
In Financial accounting, Accounts Receivable are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.
Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.
The amount recorded for a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange has commercial substance is the fair value of the asset given up, with a gain or loss recognized.
Additionally, the par value of an asset such as a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid.
A bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.
A manufacturing company has total liabilities of $52,000 and total stockholders' equity of $75,000. What is the debt-to-equity ratio?
Answer:
0.693
Explanation:
Debt to equity ratio= Total liability/ Shareholder equity
=$52,000/$75,000= 0.693
inventory g Ronald Homes purchased land for development for $2,500,000. The land will be parceled into lots and sold for vacation homes as follows: 10 lots (Type A) to sell for $100,000 each; 15 lots (Type B) to sell for $70,000 each; and 20 lots (Type C) to sell for $50,000 each. At what amount should Ronald Homes record the Type B lots
Answer:
Ronald Homes
The amount at which Ronald Homes should record Type B lots is $860,656 while each should be recorded at $57,377.
Explanation:
a) Data and Calculations:
Cost of land for development = $2,500,000
Land parceled into lots as follows:
Type A (10 lots) to sell for $100,000 each = $1,000,000
Type B (15 lots) to sell for $70,000 each = 1,050,000
Type C (20 lots) to sell for $50,000 each = 1,000,000
Total sales value = $3,050,000
Type A lots to be recorded at $1,000,000/$3,050,000 * $2,500,000
= $819,672
Type B lots to be recorded at: $1,050,000/$3,050,000 * $2,500,000
= $860,656
Type C lots to be recorded at $1,000,000/$3,050,000 * $2,500,000
= $819,672
Drag each tile to the correct box.
Match each characteristic of a successful blog to the correct description.
creates the need for people to continue reading
proves to readers thazine information is trustworthy
clearly expresses an idea for readers to understand easily
credibility
conciseness
regular schedule
Answer:
1. Regular schedule.
2. Credibility.
3. Conciseness.
Explanation:
A blog can be defined as an informative or discussion-based website that is updated regularly and published over the internet. The informations that are posted on a blog are usually done chronologically.
Basically, the characteristics of a successful blog are;
1. Regular schedule: creates the need for people to continue reading. Thus, informations posted on blogs are to be updated and made available to the audience at regular intervals.
2. Credibility: proves to readers that this information is trustworthy. You should ensure you always post information that are factual, credible and trustworthy.
3. Conciseness: clearly expresses an idea for readers to understand easily. You should write in a simple and straightforward manner without the use of ambiguous or complex words.
Assume you could either open a lemonade stand near a college campus and sell 80 cups of lemonade for $.50 per cup in one day or open a stand selling brownies and sell 50 brownies in one day for $1 each. In terms of dollars, what would be your opportunity cost of selling lemonade for one day
Answer:
$50
Explanation:
Borrowers who believe they will be in a home for only a short period of time would be good prospects for a/an:
Answer:
Hard money loan
Explanation:
Options "A) no interest loan, B) adjustable-rate loan, C) Convertible loan, D) Hard money Loan"
Hard money loan is a way to raise money quickly, usually taken out for a short time but at a higher cost and lower LTV ratio. The terms of hard money loans are often negotiated between the lender and the borrower. This type of loans use the property of the borrower as collateral and does not rely on the creditworthiness of the borrower.
Suppose the EPS (earnings per share) of Wal-Mart stock is $2 and the current price per earnings ratio is 10. What is the current price of Wal-Mart stock
Answer:
$20
Explanation:
Price / earnings per share = 10
earnings per share = $2
price / $2 = 10
Price = $20
g explain which types of organizations (if any) will traditional HRM fit most and which types of organizations (if any) will strategic HRM fit most
Answer:
HR Function refers to areas such as recruitment, selection, recruitment and retention, performance evaluation, promotional preparing, and reimbursement managerial staff.
Explanation:
Throughout traditional HRM every one of these operations has been associated with capacity building and therefore are constrained even within the HR manager. Those other operations are not focused on an organization’s strategy.Traditional HRM is therefore not focused on effective organizational culture, while strategy Implementation focuses on its philosophy.Marcy Company did not pay any dividends in 2004. In 2005, they declared and paid total dividends of $4,000, and in 2006, they declared total dividends of $20,000. How much dividends will be paid to preferred and common stockholders in 2006
Answer:
Dividends paid to preferred and common stockholders in 2006 will be :
Preferred stockholders get $20,000
Common stockholders get $0
Explanation:
Hie , I have attached the full question as an image below.
Preferred Stockholders received their dividends first before the common stockholders do. This is because the Preferred Equity have first preference when it comes to payments of dividends.
Also, when the dividends are cumulative, it means that the previous amounts of dividends not paid are payable in future when the distribution is made. Preference dividends are payable as a fixed amount of stocks outstanding during the reporting period.
That said, the amounts of dividends to be paid to preferred and common stockholders in 2006 can be calculated as follows :
2004
Dividends Declared = $0
Preference dividends Payable = ($100,000 + $250,000) × 6 % = $21,000
Paid to Common Shareholders = $ 0
2005
Dividends Declared = $4,000
Paid to Preference Shareholders = $4,000
Paid to Common Shareholders = $ 0
Payable to Preference Shareholders = $17,000 (2004) + $21,000 (2005) = $38,000
2006
Dividends Declared = $20,000
Paid to Preference Shareholders = $20,000
Paid to Common Shareholders = $ 0
Payable to Preference Shareholders = $18,000 (2005) + $21,000 (2006) = $39,000
c. Suppose that the total amount to be paid under the contract with the city is estimated at $14,000 but may be adjusted to $12,000 next year during the review of the city budget. What amount from the contract, if any, should Brown Thumb recognize as income this year
Answer:
$14,000
Explanation:
The amount that should reported as the income for this year is $14,000 as if he takes the other amount so he wants to adjust the amount in order to reconcile the real amount of income
So as per the given situation this year amount i.e. $14,000 would be considered and the other amount i.e. $12,000 would be ignored
SO the same is to be relevant
Your roommate asks for a loan, offering to make weekly payments of $25 for two years. If the appropriate interest rate is 8.25% APR, compounded weekly, how much would you be willing to lend her today
Answer:
You should be willing to lend your roommate the sum of $2,395.08 today.
Explanation:
a) Data and Calculations:
Weekly loan repayment = $25
Period of loan = 2 years
Interest rate = 8.25% APR, compounded weekly
b) Using online finance calculator:
FV (Future Value) $2,824.37
PV (Present Value) $2,395.08
N (Number of Periods) 104.000
I/Y (Interest Rate) 0.159%
PMT (Periodic Payment) $25.00
Starting Investment $0.00
Total Principal $2,600.00
Total Interest $224.37
What nominal return was received by an investor when inflation averaged 3.46% and the real rate of return was 2.5%
Answer:
Nominal rate of return= 0.0596 = 5.96%
Explanation:
Giving the following information:
Inflation averaged 3.46%
The real rate of return was 2.5%
To calculate the nominal rate of return, we need to use the following formula:
Real rate of return= nominal rate of return - inflation rate
Nominal rate of return= real rate of retunr + infaltion rate
Nominal rate of return= 0.0346 + 0.025
Nominal rate of return= 0.0596 = 5.96%
The management accountant should be aware that the software system(s) that should be used to prepare job cost reports is:
Answer:
Chosen from a variety of software systems available, often designed specifically for a particular industry.
Explanation:
Managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analysis, interpretation, and communication of financial information to managers for planning, better decisions making and pursuit of the organization's goals.
Managerial accounting typically comprises of both non-monetary and monetary informations about an organization.
Hence, the management accountant should be aware that the software system(s) that should be used to prepare job cost reports is chosen from a variety of software systems available, often designed specifically for a particular industry.
This ultimately implies that, the software application or program that is typically used in the accounting field is designed specifically for that particular industry and cannot be used by another industry such as medicine, engineering, agriculture etc.
Suppose the demand for apples becomes more elastic. All else equal, this means that the same change in price will result in
Answer:
a greater change in quantity demanded
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
What is the standard deviation of returns of a portfolio that produced returns of 10%, 15%, 25%, and 30%
35404550556066707780
The shareholders' equity of Green Corporation includes $398,000 of $1 par common stock and $580,000 par of 7% cumulative preferred stock. The board of directors of Green declared cash dividends of $68,000 in 2018 after paying $38,000 cash dividends in each of 2017 and 2016. What is the amount of dividends common shareholders will receive in 2018
Answer:
$22,200
Explanation:
The computation of the dividend amount made to the common shareholders is shown below:
Arrear in Preferred Stock Dividend is
= $580,000 × 7% × 2 - $38,000 - $38,000
= $5,200
Now
Current Preferred Stock Dividend is
= $580,000 × 7%
= $40,600
Now
The amount of dividends made to the common shareholders is
= $68,000 - $40,600 - $5,200
= $22,200
"Tom, at Bode Corporation we align our individual goals with the company's goals.
That is, as managers, we use
to drive ourselves and our employees
to accomplish key goals that are linked with the company's success," said Tom's new
CEO.
remuneration
contingency management
quantitative management
management by objective
time-and-motion studies
for product costs to become expenses under the matching principle, the units to which they attach must be
Answer: Sold
Explanation:
The Matching principle in accounting states that for an expense to be recognized in a period, the revenue to which that expense is attached should be earned in that same period as well.
For product costs to be recognized as expenses therefore, the products they are attached to must yield revenue by being sold.
If marginal business tax rates are decreased, how will aggregate supply and employment change in the long run
Answer:
If corporate tax rates decrease, this should shift the aggregate supply curve tot he right, increasing total quantity supplied and price level. An increase in the quantity supplied should eventually make that producers hire more workers, therefore, the unemployment rate should decrease.
Explanation:
(True) or (False)? Accumulated depreciation is recorded as a contra expense account on the income statement, and the depreciation expense is recorded as an asset on the balance sheet.
Answer:
false
Explanation:
Depreciation is the reduction in the value of an asset. It is recorded as an expense on the income statement.
Accumulated depreciation is the sum of depreciation over a time period. It is recorded as a contra asset on the balance sheet
Uncollectible accounts are determined by the percent-of-sales method to be % of credit sales. How much is uncollectible-account expense for ?
Answer:
$1,160
Explanation:
Hie, I have attached the full question as an image below.
The firm usually makes provision for certain amounts so as not to overstate their profits. This expected as it is prudent than reporting profits that might never occur. Provisions of Uncollectible accounts are examples of such amounts.
An increase in Uncollectible amount compared to the opening balance is treated as an Expense in the Income Statement whilst a decrease is treated as an Income.
For this question, we are told that Uncollectible accounts are determined by the percent-of-sales method to be 4% of credit sales. Thus calculation of the 2012 uncollectible-account expense is as follows :
Credit Sales - 2012 = $44,000
Beginning Balance in allowances = $600
Therefore,
Uncollectable Amount (2012) = Credit Sales x percent-of-sales
= $44,000 x 4%
= $1,760
The Uncollectable amount has increased by $1,160 ($1,760 - $600)
Conclusion :
The collectible-account expense for 2012 is $1,160
Compare the development of clustered rural settlements with dispersed rural settlements. In your paragraph, consider each of the following:
explanation or description of each advantages or purpose of such a community one specific example of its use.
Answer:
Dispersed settlement are simplex and uncommon while the compacted are common and densely populated.
Explanation:
The dispersed rural settlements are called scattered settlements, they are spread out in the entire area. The clustered settlements are nucleated or compact in nature and are closely build up houses. The dispersed settlements are found along the tree lines, rivers, ponds and are sparsely populated. They are small groups of buildings ad are popular in the mid-west US. The clustered settlements are closely knitted and represent geometric patterns such as rectangular, radial, and linear. They are densely populated.n the industry and the community, Tri-State is known for its low-cost business strategy, but also as a company that is generous to its employees. After 100 years of successful operation, it now finds itself with a respected brand and a market share leader. Tri-State also prides itself on helping with school lunch programs in disadvantaged school districts. In the past, it has helped organizations like the Salvation Army and Red Cross when natural disasters occur across the United States, but this is on an as-needed basis. How would you classify Tri-State's social actions
Answer:
Tri-State's social actions would be classified as:
Corporate Social Responsibility.
Explanation:
Corporate Social Responsibility involves alignment or integration of the social and environmental concerns with the entity's operations and economic responsibilities for sustainable organizational development. It enables a business entity to remain relevant and accountable. Companies like Tri-State are increasingly trying to make a difference in their environments while building positive brand image by giving back to their community, taking active part in philanthrope, and providing positive social values.