Answer: Please see answer in explanation column
Explanation:
Using the cost method, treasury stock is credited for cost of the shares when it is reissued, while Cash is debited for amount received. Also, additional paid-in capital from treasury stock will be credited to show the difference.
journal entry to record the issuance of 3000 shares in year 9
Date Account Debit Credit
Year 9 Cash (3,000x $50) $150,000
Treasury stock (3,000x$36) $108,000
Additional paid-in capital- treasury stock $42,000
( $150,000 - 108,000)
Because a monopolistic competitor has some monopoly power, advertising to increase that monopoly power makes sense as long as
Answer: the marginal benefit of advertising exceeds the marginal cost of advertising
Explanation: Under a monopolistic competition, there are fewer sellers in the market, and due to the fact that a monopolistic competitor has some monopoly power, advertising to increase that monopoly power makes sense as long as the marginal benefit of advertising exceeds the marginal cost of advertising allowing the monopolist to turn a profit for the business while keeping it relevant for as long as is possible.
A stock has a correlation with the market of 0.46. The standard deviation of the market is 29%, and the standard deviation of the stock is 37%. What is the stock's beta?
Answer:
Beta = 0.586896 rounded off to 0.59
Explanation:
A beta is a measure of the systematic risk of the stock. The systematic risk is the risk associated with the stock which cannot be diversified and is due to the market factors. This is why it is also known as the market risk. The beta of a stock can be calculated using the correlation of a stock with the market and the standard deviation of the stock and the market. The formula for beta is,
Beta = Correlation of stock with market * (SD Stock / SD market)
Where,
SD refers to the standard deviationBeta = 0.46 * (0.37 / 0.29)
Beta = 0.586896 rounded off to 0.59
Hem and Nem are partners in a firm sharing profits in the ratio of 3:2. Their capitals were 80,000 and 60,000 respectively. They admitted Sam on Jan 1, 2019 as a new partner for 1/5th share in the future profits. Sam brought 60,000 as his capital.Calculate the value of goodwill of the firm and record necessary journal entries when Sam brings his share of goodwill in cash.
Answer:
Sam's capital account = $60,000 (for 1/5 of the firm)
the firm's total value = $60,000 x 5 = $300,000
goodwill = $300,000 - ($60,000 + $80,000 + $60,000) = $100,000
Hem's share of goodwill = ($80,000 / $140,000) x $100,000 = $57,143
Nem's share of goodwill = $100,000 - $57,143 = $42,857
the journal entry used to record goodwill:
Dr Goodwill 100,000
Cr Hem, capital, 57,143
Cr Nem, capital, 42,857
Muggsy Bogues Company purchased equipment for $212,000 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 40,000 units and estimated working hours are 20,000. During 2020, Bogues uses the equipment for 525 hours and the equipment produces 1,000 units.
Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.)
(a) Straight-line method for 2020 $enter a dollar amount
(b) Activity method (units of output) for 2020 $enter a dollar amount
(c) Activity method (working hours) for 2020 $enter a dollar amount
(d) Sum-of-the-years'-digits method for 2022 $enter a dollar amount
(e) Double-declining-balance method for 2021 $enter a dollar amount
Answer:
A. $6,250
B. $5000
C. $5250
D. $37,500
E. $49,688
Explanation:
(a)Computation of depreciation expense using the Straight-line method for 2020
Depreciation expense= ($212,000-$12,000/8×3/12)
Depreciation expense=($200,000/8×3/12)
Depreciation expense=$25,000×3/12
Depreciation expense=$6,250
(b) Computation depreciation expense using Activity method (units of output) for 2020
Depreciation expense=($212,000-$12,000/$40,000)×$1000
Depreciation expense=($200,000/$40,000)×$1,0000
Depreciation expense=5×$1,000
Depreciation expense=$5000
(c) Computation for depreciation expense using Activity method (working hours) for 2020
Depreciation expense=($212,000-$12,000/$20,000)×525 hours Depreciation expense=($200,000/$20,000)×525 hours
Depreciation expense=$10× 525 hours
Depreciation expense=$5250
(d) Computation for depreciation expense using the Sum of the years digits method for 2022
Depreciation expense=($212,000-$20,000×7/36×9/1)2+($212,000-$12,000×6/36×3/12)
Depreciation expense=($200,000×7/36×9/12)+($200,000×6/36×3/12)
Depreciation expense=$29,166 +$8,333
Depreciation expense=$37,500
(e) Computation for depreciation expense using the Double balance method for 2021
Depreciation expense=($200,000+$12000×25%×9/12)+($200,000 +$12,000×75% ×25% ×3/12)
Depreciation expense=($212,000×25%×9/12)+($212,000×75% ×25% ×3/12)
Depreciation expense=$39,750+$9,938
Depreciation expense=$49,688
SRI International developed Values and Lifestyles (VALS). Such a consumer profile would be helpful for which type of segmentation?
A) demographic
B) occupational
C) psychographic
D) behavioral
E) gender
Answer: C. psychographic segmentation
Explanation:
From the question, we are informed that SRI International developed Values and Lifestyles (VALS). It should be noted that this will l be helpful for psychographic segmentation.
Psychographic segmentation helps to look into the behavior of consumers as it helps us analyze the needs and motives of the users thereby bringing about better communication.
Susan is thinking of putting her home up for sale but doesn't want to use a real estate agent. What are her options?
(A) Susan must obtain her real estate license or use a licensed real estate agent to sell her property. She cannot be compensated for the sale of her property unless she is representing another person.
(B) Susan may sell her property herself without obtaining a real estate license. Although she will be compensated for the sale of her home, she is not representing another person.
(C) Susan will be negotiating the purchase price of her home and must be licensed to do so.
(D) Both A and C
Answer:
(B) Susan may sell her property herself without obtaining a real estate license. Although she will be compensated for the sale of her home, she is not representing another person.
Explanation:
Since in the question it is mentioned that the susan is thinking for putting up her home on sale but dont want to use a real estate agent as she wants to represents herself not other person plus she also not providing the service for the another person as she is exempt from the license
So in this given case, the option B is correct
Investment clubs can take advantage of:________
a. breakpoints on mutual fund purchases.
b. cannot take advantage of breakpoints on mutual fund purchases.
c. are permitted to purchase new equity issues at the public offering price (POP).
d. are not permitted to purchase new equity issues at the POP.
Answer:
B & C
Explanation:
Investment club are groups of people that come together in partnership to pool resources to purchase shares , stocks , mutual funds for investment purpose.
They can buy new issues at as they are not considered restricted person under the rules guiding the sales of new shares ,unless a registered representative was a member of an investment club.
However , they are not permitted to take advantage of breakpoints on mutual fund purchases.
A government's assets include inventory of $2 million, roads constructed for $25 million with accumulated depreciation of $10 million, and equipment acquired for $5 million with accumulated depreciation of $1 million. Its liabilities include an outstanding balance of $5 million for bonds payable issued to construct the roads and a $1 million short-term loan for inventory purchases. What amount should be reported as the net investment in capital assets in the government-wide statement of net position
Answer:
yes
Explanation:
A typical Keynesian aggregate supply (AS) curve _______________ and a typical Keynesian Phillips curve _____________.
Answer:
1. Slopes upward
2. Slopes downward
Explanation:
Keynesian aggregate supply is an economic model that depicts a curve is upward sloping as a result of low elasticity of wages and prices in the short-run.
On the other hand, the Keynesian Phillips curve is a graphical representation of an economy, whereby there is downward sloping of the curve, which indicates the tradeoff between unemployment and inflation.
Hence, the right answer is a typical Keynesian aggregate supply (AS) curve SLOPES UPWARD and a typical Keynesian Phillips curve SLOPES DOWNWARD
Which set of items appears on a loan estimate? 1.Inspection contingency, legal property description, interest rate 2. Interest rate, estimated monthly payment, estimated cash to close 3.Credit score, inspection contingency, prepayment penalty 4. Recommended repairs, estimated cash to close, private sewer and well disclosure
Answer:
2. Interest rate, estimated monthly payment, estimated cash to close
Explanation:
Loan Estimate is simply just a document containing all the relevant details you have requested about a mortgage. The lender wishes to clear all terms and conditions associated with the loan by providing a Loan prediction. Many of its contents are Interest Rate, estimated monthly bill, expected cash to close.
Therefore the correct answer is 2.
Without collaborating, two separate brokers elect to discontinue working one of the local real estate firms. The brokers are guilty of:____
Answer: They are guilty nothing since they are not boycotting collectively but rather individually.
Explanation:
From the question, we are informed that without collaborating, two separate brokers elect to discontinue working one of the local real estate firms.
In this scenario, the brokers are not guilty of anything since their boycott was individually and not a joint decision taken together.
"An investor has sold short stock worth $45,000 in a margin account, depositing the margin requirement. If the market value of the stock falls to $30,000, what is the Selling Power in the account?"
Answer:
$45,000
Explanation:
Credits = $45,000
Short Market Value = $45,000
Equity % = Credits - Short Market Value
=> $45,000 - $45,000 = 0℅
Margin = $22,500 = 50%
Therefore, Total Credits = $45,000 + $22,500 = $67,500
If the market value falls to $30,000, the account will show:
Credits - Short Market Value = Equity %
$67,500 - $30,000 = $37,500 = 125% of short market value
However, in order to support a $30,000 stock position at 50% margin,
We have $30,000 / 2= $15,000.
Hence, given that the account has $37,500 of equity, the excess is:
$37,500 - $15,000 = $22,500 which may be borrowed and is the SMA amount.
Therefore, with $22,500 of SMA, double of the amount may be purchased or sold short in other marginable securities.
$22,500 * 2= $45,000.
The final answer is $45,000
You want to increase the relevance of a Google Search Ad so it's more meaningful to potential customers and provides value-added information to their searches. What two actions might improve the relevance of your ad?
Answer:
Selecting only relevant languages in campaign setup.
Selecting distinct geographic areas.
Explanation:
In simple word, a marketing manger would try to make the advertisement campaign to be clear and precise to the target customers and the best way to do so is to make the campaign in the customers own language.
Also, the company should make sure that the message they wants to send to the market can be easily received, thus, they should target their campaign into only those selected regions where there customers resides.
which strategy specifies the firm's overall direction in terms of its general orientaion toward growth, the industries or markets
Answer: Corporate strategy
Explanation:
Here is the complete question:
Which strategy specifies the firm's overall direction in terms of its general orientation toward growth, the industries or markets in which it competes, and the manner in which it coordinates activities and transfers resources among business units?
A) corporate
B) functional
C) divisional
D) organizational
E) business
Corporate strategy is the strategy that is used to show the overall direction of a company or organization in terms of its general orientaion toward the growth, the industries or markets where it competes.
Skill development training centre are operating under the ............... department.
a.Labour b. Agricultural c. Irrigation
Answer:
A . Labour
Explanation:
labour department
The 2001 ________ Act gives the SEC the authority to bar dishonest corporate directors and officers from ever again serving in positions of corporate responsibility.
Answer:
Sarbanes-Oxley
Explanation:
The Sarbanes-Oxley Act of 2001 came in response to highly publicized corporate financial scandals earlier that decade. The act created strict new rules for accountants, auditors, and corporate officers and imposed more stringent record keeping requirements
Which characteristic of information in the statistical tables included in a comprehensive annual financial report differentiates it from information contained in the financial statements?
Answer: Yes/Yes
Explanation:
The options given are:
Data covering
financial trends ---- Fiscal years
A. Yes ------------------ Yes
B. Yes ------------------ No
C. No ------------------ Yes
D. No ------------------ No
The characteristic of information in the statistical tables included in a comprehensive annual financial report differentiates it from information contained in the financial statements is option A.
Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments for _______.
A. Life
B. 4 years
C. 10 years
D. 6 years
Answer:
B. 4 years
Explanation:
Based on the information given about Tom in which we were been told that he elects the Life Income with a 10 year settlement option in which Tom dies in year 6, this means that
the beneficiary receives payments for 4 years calculater as:
Life Income 10 year Period- The year it took Tom to die which is year 6 which will eventually give us 4 years.
Therefore beneficiary receives payments for 4 years.
"If a foreign government wishes to stabilize its currency because it has been falling against the U.S. Dollar, the government would:"
what's the question? is it the quote?
A task performed by an organization or organizational subunit in support of the organization's overall mission is referred to as a mission or Answer .
Answer:
business process
Explanation:
Business process are plans, task that are carried out by an organization or its subunits whose end result is to attain the goals of the organization. Business process are often times a repetition of certain work processes, which is subject to continuous update for effective result.
Some aspects of business process includes business support; which provides support to the business arm of a firm in terms of processing while operational process is the major business part of the business process.
Finding both parties to a trade who have something the other party wishes to trade for is called a
Answer:
Double coincidence of wants
Explanation:
In a barter system, there has to be double coincidence of wants. This means that both parties to a trade who have something the other party wishes.
For example, if I have fish and I want cereals which i don't have. you want fish but you don't have it but you have cereals. I could give you my fish and you can give me your cereals
Salt Corporation, a 80%-owned subsidiary of Peanut Corporation, sold inventory items to its parent at a $48,000 profit in 20X2. Peanut resold one-third of this inventory to outside entities. Salt reported net income of $200,000 for 20X2. Non-controlling interest share of consolidated net income that will appear in the income statement for 20X2 is:
Answer:
$33,600
Explanation:
Calculation for the Non-controlling interest share.
Using this formula
Non-controlling interest share=Net income-(Inventory ×One-third of Inventory)× Percentage of Subsidiary
Let plug in the formula
Non-controlling interest share=$200,000-($48,000×2/3)×(100%-80%)
Non-controlling interest share=$200,000-$32,000×20%
Non-controlling interest share=$168,000×20%
Non-controlling interest share=$33,600
Therefore the Non-controlling interest share of consolidated net income that will appear in the income statement for 20X2 is $33,600
What is one reason that individual producers in a perfectly competitive market have no influence over prices?
Perfectly competitive firms collectively agree on prices.
Perfectly competitive firms must follow governmental price controls that keep prices low.
Perfectly competitive firms have high barriers to entry.
Perfectly competitive firms produce a small amount of a product compared to the total supply
Answer:
Un mercado competitivo es un mercado de competencia perfecta en donde el número de oferentes y demandantes es tan exorbitante que ninguno posee influencia sobre el otro, ninguna de las partes posee poder de mercado y las barreras para la entrada y salida no existen, el costo marginal de cada empresa se iguala al precio y cada empresa vende todas las unidades que desea y puede a ese precio.
Explanation:
s importante recordar que una situación de monopolio -o monopolista- se da cuando existe un único proveedor de un determinado bien o servicio.
Para detectar la presencia de un monopolio en la economía generalmente se recurre a la aplicación de índices económicos de concentración de mercado, dependiendo del criterio que tome el Índice asumimos que existe o no poder monopólico en un determinado mercado, y de existir...qué tan grande es.
Entre los más usados tenemos los siguientes:
El Índice de Herfindahl, el cual para calcularlo se eleva al cuadrado la cuota de mercado que una empresa posea en un determinado sector para saber qué tanto poder de monopolio posee la misma. Entre mayor sea el resultado de dicho índice, mayor será el poder de monopolio, y menos competitivo será el mercado.
Por otro lado, el otro indicador usado para estudiar la presencia o no de monopolios es el Índice de Lerner. Dicho índice consiste en evaluar qué tanto el empresario puede colocar el precio por encima del costo marginal (es decir, lo que le cuesta producirlo), y arrojará un valor que oscilará entre 0 y 1, entre más poder de monopolio posea, el número se acercará más a 1, y más capacidad tendrá de colocar el precio muy por encima de su costo.
Es importante recordar que existen monopolios naturales (concesiones que otorga el Estado para la explotación de un determinado recurso) o que están en manos del Estado, como las fuerzas armadas por ejemplo, o determinados servicios públicos. También comúnmente una característica de presencia de monopolio son los conglomerados empresariales que poseen empresas en determinados rubros y arropan un poder de mercado significativo.
Answer:
Perfectly competitive firms produce a small amount of a product compared to the total supply
Explanation:
one reason that individual producers in a perfectly competitive market have no influence over prices
A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 1,000 units is $2.50. The minimum possible average variable cost is $2.00. The market price of the product is $2.50. To maximize profits or minimize losses, the firm should
Available Options Are:
A. Continue producing 1,000 units
B. Produce less than 1,000 units
C. Produce more than 1,000 units
D. Shut down
Answer:
Option A. Continue producing 1,000 units
Explanation:
The reason is that the maximum number of units that the company can produce is at the level where Marginal Cost becomes equal to the Marginal Revenue. Which means that the number of units the company is producing is at maximum level. Hence it must continue producing 1000 units.
Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of business on May 31. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $28,900 debit balance. The company’s May 31 bank statement shows $27,200 on deposit in the bank.a. The May 31 bank statement included a $170 debit memorandum for bank services; the company has not yet recorded the cost of these services.b. Outstanding checks as of May 31 total $6,300.c. May 31 cash receipts of $6,900 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement.d. In reviewing the bank statement, a $470 check written by Smith Company was mistakenly drawn against Wright’s account.e. A debit memorandum for $460 refers to a $460 NSF check from a customer; the company has not yet recorded this NSF check.Prepare a bank reconciliation for the company using the above information.
Answer and Explanation:
The preparation of bank reconciliation for the company is shown below:-
Wright company
Bank Reconciliation
For the year May 31
Bank statement balance $27,200 Book balance $28,900
Add:
Deposit of May 31 $6,900
Bank error $470
$7,370
Total $34,570
Less:
Outstanding checks $6,300 Bank service charge $170
NSF check $460
$6,300 $630
Adjusted bank balance $28,270 Adjusted book balance $28,270
is the obligation or the promise that a business, in this case the medical office, owes to its creditors for buying goods or services.
Answer:
Accounts payable.
Explanation:
Accounts payable is the obligation or the promise that a business, in this case the medical office, owes to its creditors for buying goods or services.
In Financial accounting, accounts payable can be defined as the total amount of money being owed by a firm or an individual to another such as a supplier or other services provider for its successful operations, at a specific period of time.
What happened to the real estate market in the years between 2000 and 2008? What was the result of changes in the real estate market for people who bought houses with the intent of selling them for a profit?
Answer: The economy during that time period was quite bad. Properties were not selling for a lot of money, due to a bad economy, where a lot of peoplecould not afford pricey land
Explanation:
The CEO of Logiworks asked the human resource manager, April, to propose an approach to incentive pay. April proposes that the company create a gainsharing plan. What action(s) by the company will best increase the likelihood that gainsharing will succeed
Answer: sharing data about costs and setting up time for employees to interact
Explanation:
From the question, we are informed that the CEO of Logiworks asked the human resource manager, April, to propose an approach to incentive pay and that April proposes that the company create a gainsharing plan.
Based on the above scenario, the action by the company that will best increase the likelihood that gainsharing will succeed is to share data about costs and setting up time for employees to interact.
In 2013, Jack and Shirley Wright moved from Riverside, in Southern California, up to Santa Clara, in Northern California, when Jack's company opened a new branch office there. They decided to rent for a while so they could get to know the area before buying a home. Three weeks ago, they finally found and put a contract on a lovely 3-bedroom ranch, and the sellers accepted the first offer. They took that as a good sign, but now it's only 5 days until the close of escrow and they still haven't signed the escrow papers yet. In fact, they aren't due to sign the escrow papers until the day before the actual close of escrow. The Wrights are under the impression that something is wrong, because when they sold their last home, the escrow instructions had to be signed by both parties to the transaction immediately after they all signed the purchase agreement--about 60 days ahead of the actual close of escrow date. Which of the following is true of this situation?
a. Their current agent has violated his fiduciary duties to them because he is mishandling their finances, and putting off handling the escrow until the last minute, thereby risking their new home and monies.
b. Their agent in Riverside was simply being cautious by handling the escrow so early in the game, because in California, escrow signing generally takes place in the last 2 weeks prior to the actual close of escrow.
c. The escrow practices in Southern California differ from those in Northern California. In Southern California, the escrow instructions are signed by the buyer and seller shortly after they’ve signed the purchase agreement, just after the start of escrow, which is about 60 days prior to the actual close of escrow. In Northern California, the escrow instructions are usually not signed until one or two days just before the close of escrow.
d. As of December 2014, the escrow practices have been changed from what they were in 2013 (when the Wrights sold their previous home), to stipulate that the escrow signing date and location are to be determined by both the buyer and the seller, as well as to the broker who is in charge of handling the escrow proceedings. Therefore, there is no specific regulation that sets forth the date or time for such proceedings. However, their agent was negligent in not explaining this to them, as well as not asking for their input into the signing date.
Answer:
C
Explanation:
Escrow service is a form of risk mitigation medium in the course of a transaction , where a third party receives and disburses money for the main transacting parties as can be seen in the scenario given .
Nothing is really wrong in the transaction as suspected by the Wrights but a difference in the rules guiding escrow in North and South Carolina.
Escrow instruction are due for signing in South Carolina by both parties immediately after they have all signed the purchase agreement , about 60 days ahead of the actual close of the escrow date , while in North Carolina , escrow are not signed until the day before the actual close of escrow.
A sole proprietor is personally responsible for all of the businesses debts, and may be legally required to pay off those debts with personal assets.
True
False
Answer:
true
Explanation:
Answer:
true
Explanation: