Last year, Wyeth Company recorded an impairment on an asset held for use. Recent appraisals indicate that the asset has increased in value. Should Wyeth record this recovery in value under GAAP?

Answers

Answer 1

Answer and Explanation:

The impairment loss held on the assets would be recorded as an expense and if there is any impairment loss of any earlier period with respect to the revalued asset so it would be adjusted to the down value of the asset and if there is any balance left over so it would be charged as an expense

Now in the case when there is any revaluation of the impaired asset held in the next period so it would be recorded in the income statement and if there is any balance left so it would be recorded as a revaluation reserve

So it would have to park the rising value of the asset


Related Questions

The DCF value of the firm using the FCFF information above, a discount rate of 6%, and an expected terminal growth rate of 2%, is:__________.

Answers

Answer:

$176,900 million

Explanation:

Calculation for the DCF value of the firm

DCF value of the firm=$6,527/1.06 + $6,853/1.062 + $7,196/1.063 + $7,556/1.064 + ($7,707/(0.06 - 0.02))/1.064

DCF value of the firm= $176,900 million

Therefore the DCF value of the firm will be $176,900 million

Which is a monetary policy that would be useful in stopping deflation?
A)
decreasing taxation
B)
increasing the discount rate
C)
increasing government spending
D)
decreasing the reserve requirement

Answers

The correct answer is:

B) increasing the discount rate

Classify each of the following based on the macroeconomic definitions of saving and investment.

a. Megan purchases stock in Pherk, a pharmaceutical company.
b. Larry purchases a new condominium in Denver.
c. Janet purchases new ovens for her cupcake-baking business.
d. Felix purchases a corporate bond issued by a car company.

Answers

Answer:

A)savings

B) investment

C) investment

D)savings

Explanation:

In macroeconomics, Savings could be regarded as the amount that remains when the spending by consumer has been deducted from amount of disposable income that was earned by the consumer at that particular period.

Investment can be regarded as the amount of goods that are been accumulated which has not been consumed at that particular time.

From the question, The stock purchased by Megan in the question means that she has extral money which is savings to her. Government bonds purchase by Felix means he secured a savings.

Equipment was purchased for $50,000. At that time, the equipment was expected to be used eight years and have a residual value of $10,000. The company uses straight-line depreciation. At the beginning of the third year, the company changed its estimated useful life to a total of six years (four years remaining) and the residual value to $8,000. What is depreciation expense in the third year?

a. $8,000.

b. $5,000.

c. $7,000.

d. $5,500.

Answers

Answer:

Annual depreciation= $8,000

Explanation:

First, we need to calculate the accumulated depreciation for the first two years:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (50,000 - 10,000) / 8

Annual depreciation= $5,000

Accumulated depreciation= 5,000*2= $10,000

Now, we can calculate the new depreciation expense:

Annual depreciation= [(50,000 - 10,000) - 8,000]/4

Annual depreciation= $8,000

find the range for the observation 5.6,7.1,8.3,3.7,6.8,4.1,8.4,2.9,2.7,4.4,8.2,2.8​

Answers

Answer:

8

Explanation:

The range is the difference between the largest and smallest numbers. The midrange is the average of the largest and smallest number.

9-1=8

What would you pay for an investment that pays you $49000 at the beginning of each year for the next ten years? Assume that the relevant interest rate for this type of investment is 6%.

Answers

Answer:

$360,644

Explanation:

The computation of the amount paid for an investment is as follows:

= Payment made × ((1 - (1 + rate of interest)^-number of years) ÷ rate of interest

= $49,000 × ((1 - (1 + 0.06)^-10) ÷ 0.06)

=$360,644

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the amount paid for an investment is $360,644

Year Alta (Real GDP) Zorn (Real GDP) Alta (Population) Zorn (Population)
1 $2,000 $150,000 200 500
2 2100 $152,000 202 505
3 2200 $154,000 210 508

Between years 2 and 3 :

a. population fell in Alta.
b. Alta's real GDP grew more rapidly than Zorn's real GDP.
c. real GDP fell in Zorn.
d. population growth reduced Alta's real GDP growth to zero.

Answers

Answer: b. Alta's real GDP grew more rapidly than Zorn's real GDP.

Explanation:

Rte of growth for Alta's real GDP;

= (Year 3 GDP - Year 2 GDP) / Year 2 GDP

= (2,200 - 2,100) / 2,200

= 0.045

= 4.5%

Rate of growth for Zorn's real HDP;

= (154,000 - 152,000) / 152,000

= 0.013

= 1.3%

Zorn's real GDP grew slower than Alta's GDP

Suppose you want to realize a future value of $150,000 in 30 years on an investment you make. The average annual rate of return is 8.75%. What will be the present value of your investment? A. $163,125 B. $1,857,673 C. $12,112 D. $150,000

Answers

Answer:

PV= $12,111.93 = $12,112

Explanation:

Giving the following information:

Future Value (FV)= $150,000

Interest rate (i)= 8.75% = 0.0875

Number of periods (n)= 30

To calculate the present value (PV), we need to use the following formula:

PV= FV/(1+i)^n

PV= 150,000 / (1.0875^30)

PV= $12,111.93

bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net income for the yeqr

Answers

Answer:

Total Assets

Inventory is understated by $59,300 at the end of the year which means that assets are understated by the same amount.

To rectify this therefore you;

= 6,395,000 + 59,300

= $‭6,454,300‬

Net Income

When closing inventory is understated, it will have the effect of understating income and when opening inventory is understated, income will be overstated.

This means that the income for the year is overstated by $139,000 but understated by $59,300.

Corrected income is;

= 500,000 - 139,000 + 59,300

= $420,300

Shiigi Urban Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for May is to
be based on 3,320 meals. The diner's director has provided the following cost data to use in the budget: groceries, $4.00 per
meal; kitchen operations, $4,620 per month plus $1.75 per meal; administrative expenses, $3,820 per month plus $0.60 per
meal; and fundraising expenses. $1,720 per month
Required:
Prepare the diner's budget for the month of May. The budget will only contain the costs listed above; no revenues will be on the
budget.
Shiigi Urban Diner
Planning Budget
For the Month Ended May 31
Budgeted meals
3,320
Groceries
Kitchen operations
Administrative expenses
Fundraising expenses
Total expense

Answers

Answer:

Shiigi Urban Diner

Diner's Cost Budget for the month of May:

                                               Fixed      Variable      Total

Budgeted meals = 3,320 units

Groceries                                  $0       $13,280     $13,280

Kitchen Operations              4,620          5,810       10,430

Administrative Expenses     3,820          1,992         5,812

Fundraising Expenses          1,720             0             1,720

Total                                   $10,160     $21,082     $31,242

Explanation:

Cost Data and Calculations:

Budgeted number of meals to serve = 3,320

Groceries = $4.00 per meal = $13,280 ($4 * 3,320)

Kitchen operations, $4,620 per month plus $1.75 per meal =

$4,620 + ($1.75 * 3,320) = 10,430

Administrative expenses, $3,820 per month plus $0.60 per  meal =

$3,820 + ($0.60 * 3,320) = $5,812

Fundraising expenses, $1,720 per month

Neutral technical progress allows a firm to A. produce the same amount of output with the same inputs. B. produce more output with the same inputs. C. use less labor to produce more output. D. use less capital to produce more output.

Answers

Answer:

B) produce more output with the same inputs.

Explanation:

Hicks-neutral technical is a theory by

John Hicks and can be explained as a change in the function of the production of a particular business with respect to the neatral condition of economic system at that period. It should be noted that Neutral technical progress allows a firm to produce more output with the same inputs.

For Bonita Industries at a sales level of 4000 units, sales is $69000, variable expenses total $46000, and fixed expenses are $21000. What is the contribution margin per unit

Answers

Answer:

the contribution margin per unit is $5.75 per unit

Explanation:

The computation of the contribution margin per unit is shown below:

The Contribution margin per unit is

Contribution margin per unit= Contribution margin ÷ Sales units

= ($69,000 - $46,000 ) ÷ 4,000

= $5.75 per unit

Hence, the contribution margin per unit is $5.75 per unit

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Last year, Rec Room Sports reported earnings per share of $8.40 when its stock price was $201.60. This year, its earnings increased by 25 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock?

Answers

Answer:

The price of the Stock to be $252

Explanation:

As per available data

Earnings per share = $8.40

Stock price = $201.60

Calculate the P/E ratio

P/E ratio = Price / Earnings per share = $201.60 / $8.40 = 24

First calculate the increased earings per share

Increased earnings per share = $8.40 x ( 1 + 25% ) = $10.5 per share

By taking the P/E ratio constant we can calculate the price of stock using increased eanring per share

P/E ratio = Price / Increased Earnings per share

24 = Price  / $10.5

Price = $10.5 x 24

Price = $252

A stock is a broad term that refers to any company's ownership certificates. A share, on the other hand, refers to a certain company's stock certificate.

The price of the Stock to be $252  

As per available data:-

Earnings per share = $8.40

Stock price = $201.60

Calculate the P/E ratio:-

P/E ratio = Price / Earnings per share = $201.60 / $8.40 = 24

First calculate the increased earrings per share:-

Increased earnings per share = $8.40 x ( 1 + 25% ) = $10.5 per share

By taking the P/E ratio constant we can calculate the price of stock using increased earning per share:-

P/E ratio = Price / Increased Earnings per share

24 = Price  / $10.5

Price = $10.5 x 24

Price = $252

To know more about price of stock, refer to the link:

https://brainly.com/question/14952624

Getting to know what your customers want, need, and care about is
Question 11 options:

a.a waste of time.

b.one of the chores of doing business.

c.good customer service.

d.only important in certain businesses.

Answers

Answer:

c. good customer service.

Explanation:

Customers service is the provision of prompt, professional, and helpful assistance to customers before and after a purchasing interaction. The objectives of customer service are to keep customers happy and satisfies. Happy customers remain loyal to a business and make good brand ambassadors.  

Getting to understand what customers want, need, and care about will help a business develop products and services that offer solutions to their problems. The business will attract and retain more customers because it will be in a position to address their needs.

Suppose you will receive a payment of $300 one year from now. True or False: If during the year the interest rate rises, this increases the present value of your future payment.

Answers

Answer: False

Explanation:

When interest rates rise, the present value of a payment will be reduced because it will be discounted by a higher rate.

For instance; assume the interest rate was originally 10%. The present value of the $300 would be;

= 300 / ( 1 + 10%)

= $273

Now assume the interest rate went up to 11%. Present value would be;

= 300 / ( 1 + 11%)

= $270

Notice that the present value fell when the interest rate rose.

Jasper makes a $31,000, 90-day, 6.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is:______(Use 360 days a year).A. $243.75.
B. $2925.
C. $1462.50.
D. $32.50.
E. $731.25.

Answers

Answer:

the amount of interest that is collected is $503.75

Explanation:

The computation of the amount of interest that is collected is shown below:

= Cash loan × number of days ÷ total number of days × rate of interest

= $31,000 × 90 days ÷ 360 days × 6.5%

= $503.75

Hence, the amount of interest that is collected is $503.75

This is the answer but the same is not provided in the given options

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Suppose that the nominal exchange rate is 80 yen per dollar, that the price of a basket of goods in the U.S. is $500 and the price of a basket of goods in Japan is 50,000 yen. Suppose that these values change to 100 yen per dollar, $600, and 70,000 yenThen the real exchange rate would:________

a. appreciate which by itself would make U.S. net exports fall.
b. appreciate which by itself would make U.S. net exports rise.
c. depreciate which by itself would make U.S. net exports fall.
c. depreciate which by itself would make U.S. net exports rise

Answers

Answer:

a. appreciate which by itself would make U.S. net exports fall.

Explanation:

Nominal exchange rate 80 yen per $, cost of basket of goods in Japan is 50,000 yen = $625, while the same basket of goods costs $500 in the US. The relationship between Japan and the US is $500:$625 or 4:5 or 0.80.

If the nominal exchange rate increases to 100 yen per $, and the cost of the basket of goods is 70,000 yen = $700, while the same basket of goods costs $600 in the US. The relationship between Japan and the US is $600:$700 or 6:7 = 0.86.

Since the real exchange rate appreciated, US exports will become more expensive.

The cash conversion cycle (CCC) combines three factors: The inventory conversion period, the receivables collection period, and the payables deferral period, and its purpose is to show how long a firm must finance its working capital. Other things held constant, the shorter the CCC, the more effective the firm's working capital management.

a. True
b. False

Answers

Answer:

a. True

Explanation:

A cash conversion cycle can be defined as a measure of the time or how long (in days) it would take a business firm or company to transform or convert its investments that are in inventory, as well as other tangible resources into cash-flow from the sales it make.

The cash conversion cycle (CCC) combines three factors: The inventory conversion period, the receivables collection period, and the payables deferral period, and its purpose is to show how long a firm must finance its working capital. Other things held constant, the shorter the CCC, the more effective the firm's working capital management.

'Modigliani Manufacturing has a target debt-equity ratio of .50. Its cost of equity is 18 percent and its cost of debt is 11 percent. If the tax rate is 35 percent, what is Modigliani's WACC

Answers

Answer:

the Weighted average cost of capital is 14.38%

Explanation:

The computation of the weighted average cost of capital is shown below:

Weight of equity is

= 1 ÷ (1 + Debt equity Ratio)

= 1 ÷ 1.5

And, Weight of Debt is

= 0.5 ÷ 1.5

Now

WACC = Weight of Equity × Cost of Equity + Weight of Debt × Cost of Debt × (1 - Tax rate)

= 1 ÷ 1.5 × 18% + 0.5 ÷ 1.5 × 11% × (1 - 35%)

= 14.38%

hence, the Weighted average cost of capital is 14.38%

Which of the following is likely to help an organization expand collaborative
involvement?

Answers

Complete Question:

Which of the following is likely to help an organization expand collaborative involvement?

Group of answer choices

A. Hosting training sessions with customers.

B. Minimizing critical encounters with customers.

C. Developing service resilience.

D. Applying the practices of traditional selling.

E. Using cold canvassing for customer prospecting

Answer:

A. Hosting training sessions with customers.

Explanation:

Collaborative involvement can be defined as the process in which two or more people and an organization have a mutual understanding or agreement to share knowledge, ideas and skills in order to help the organization achieve its aim, goals and objectives successfully.

For example, a restaurant such as McDonald's may decide to train its cashier on proper customer relationship management and effective sales and marketing techniques by inviting consenting customers to partake in the training sessions.

Hence, hosting training sessions with customers is likely to help an organization expand collaborative

involvement.

A company that reports segment information had average total assets of $1,548,450 and total net income of $629,700. Segment A had average total assets of $940,800 and segment operating income of $317,800. Segment B had average assets of $607,650 and segment operating income of $311,900. The segment return on assets for Segment B is:

Answers

Answer:

the segment return on assets for segment B is 51.33%

Explanation:

The computation of the segment return on assets for segment B is shown below:

For segment B

= Segment operating income ÷ average assets

= $311,900 ÷ $607,650

= 51.33%

Hence, the segment return on assets for segment B is 51.33%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

The problem with fiscal policy that is created because of the recognition, legislative, implementation, effectiveness, and the evaluation and adjustment lags is called:

Answers

Answer:

A matter of timing

Explanation:

The problem with fiscal policy that is created because of the recognition, legislative, implementation, effectiveness, and the evaluation and adjustment lags is called a matter of timing. The reason being that it can be difficult to time fiscal policy to shift the AD curve at the right moments.

Over time, consumers have less of a need for a broad product offering. How does this shift in preferences alter the desirability of make-to-stock production relative to make-to-order production?1. It increases it, i.e., make-to-stock becomes more desirable.2. It has no impact.3. It decreases it. i.e., make-to-stock becomes less desirable.4. We cannot determine from the given information.

Answers

Answer:

Over time, consumers have less of a need for a broad product offering. How does this shift in preferences alter the desirability of make-to-stock production relative to make-to-order production?

3. It decreases it. i.e., make-to-stock becomes less desirable.

Explanation:

Given the above scenario, there will be no need for a company to produce goods that will be stored.  Instead, it will wait to receive orders before it commences production of any goods.  This is caused by the shift in preferences "consumers have less of a need for a broad product offering." This means that make-to-order will be highly prioritized while reducing or eliminating make-to-stock production facilities.

"A research survey with outcomes being defined as Poor, Average, Good, Excellent is a random experiment with random variable being of type"
a) Quantitative
b) Continuous
c) Ordinal
d) None of the above

Answers

Answer:

c) Ordinal

Explanation:

Ordinal variables use a type of scale or order, e.g. low income level, medium income level and high income level. Ordinal variables cannot be quantified by themselves, but they can be analyzed depending on the value that users assign them. In this case, you could analyze what % of users find that the product or service is excellent vs average.

which value of a makes this investor indifferent between the risky portfolio and the risk-free asset

Answers

Answer: 8

Explanation:

Expressing the value of A that would equate the risk-free rate to the risky portfolio is;

0.06 = 0.15 − A/2(0.15)²

0.06 - 0.15 = -0.01125‬ * A

A = (0.06 - 0.15) / -0.01125‬

A = 8

With A being 8, the investor would be indifferent between the risk free asset and the risky portfolio according to their utility function.

Advantages to free-trade agreements (FTAs) are that they increase trade barriers (both tariff and non-tariff barriers), open up market to exporters, and increase jobs domestically. True orFalse

Answers

Answer:

False

Explanation:

Free trade agreements are economic cooperation deals between two or more countries.  In the agreement, the countries agree to put in measures that will promote trade between them. Free trade agreements are mostly about tariffs and duties that countries impose on each other imports and exports.

The purpose of the free trade agreement is for participating countries to review the tariffs to increase trade among participating countries. In most cases, a free trade agreement resorts to reduced tariffs and duties.

disadvantage of activities that focus on generating publicity is _____________________________________. the limited control over the exact content of the message that reach is very limited that the sender will receive too much feedback the high cost the need for a standardized message

Answers

Answer:

the need for standardized message

Explanation:

In simple words, publicity refers to the process under which the same message is transmitted to a large volume of population. This results to a chaos as every individual might not interpret the message in the same manner as it was intended to be. Hence the effort to interact with the target audience may go into vain.

Thus, from the above we can conclude that the correct option is D.

if a bank has 120 million in deposits and 7 million in reserves with a reserve requirement of 0.05 how much its required reserves

Answers

Answer:

the required reserve is $6 million

Explanation:

The computation of the required reserve is shown below:

= Deposits made × reserve requirement ratio

= 120 million × 0.05

= $6 million

hence, the required reserve is $6 million

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Also we ignored the reserves as it is not relevant

If a bank has a reserve ratio of 8 percent, then Group of answer choices the bank keeps 8 percent of its assets as reserves and loans out the rest. the bank keeps 8 percent of its deposits as reserves and loans out the rest. the bank's ratio of loans to deposits is 8 percent. government regulation requires the bank to use at least 8 percent of its deposits to make loans.

Answers

Answer:

the bank keeps 8 percent of its deposits as reserves and loans out the rest.

Explanation:

Since it is mentioned in the question that there is a reserve ratio of 8% so now the reserve requirement means the requirement with respect to the fund value that bank should hold on to in reserve against deposits that made by their clients. The money must be either at the vaults of the bank or at the closing of the federal reserve bank

Therefore the second option is correct

"________ is the difference between the average cost and price of all merchandise in stock as used by the middlemen."

Answers

Answer:

Markup

Explanation:

Markup is defined as the difference that exists between the selling price of a product and the average cost that was used in its production

This information is used by middle men to estimate the amount of profit they can make on sale of a product.

Usually the markup cost is incorporated into the cost incurred by the producer as a percentage of a product's cost.

This ensures middle men make some profit

Other Questions
If you own a small business, which of the following helps with your finances?.Bank tellerOB.Bank loan officerOC.AccountantOD.Business analyst 17. In 2001, the Bush administration passed the...,Bush administration passed act.a. Advantaged for Tracking Policyb. State autonomy to decide on education issuesc. Busing to assimilate children from different school zonesd. No Child left behind In 285 C.E., what actiondid Roman emperorDiocletian take? According to the table, what is the initial value of the data and how can this information be translated toan ordered pair? Which of the following statements is true about cells?A. All cells look the same.B. All cells perform the same function.O C. All cells perform specialized functions.O D. All cells are prokaryotic. Which of the following is an example of internal conflict?A. An avalanche traps Michael in a cave, and he is determined to get outB. Eva must decide if she should finish the race despite the pain in her legsC. Marcia stands up to bully that has been harassing her for monthsD. Maria and Alex disagree about where they should take the dog they found Please give me the answers Angles A and B are supplementary angles. The mZA = (9x - 12) and the mZB = (24x + 60). ___________ involves a negative attitude toward individuals solely because of their membership in a particular group. If 3a - 2 = 10, what is the value of 8a + 1? Which ones are true and which ones are false? When will my dad love me? Urgent, please answer. What qualities did it take to be successful in the American colonies 2. Find the measure of the missing angle.Help me plzzzzzzz I need it!!! OracionesWrite sentences using one element from each column. Use the preterite and make any necessary changes.Word Bank referenceYour options are:usted,Carmen y yo,mis amigos,t,Word Bank referenceYour options are:dar,decir,estar,poner,tener,traducir,Word Bank referenceYour options are:una mentira,la boda de Rafael,un poema de amor,una fiesta,msica bailable,? help pleaseeeeeeeeeeeeeeeeeeee NEED HELP ASAP!!!!!Select the correct answer.Paula is the costume designer for a film production. She shows the director a set of color palettes, thumbnail sketches, and fabric swatches of costumes she has in mind. In which part of the process of costume design is Paula involved?A. researching the script and charactersB. creating renderingsC. presenting costuming ideasD. constructing the costumes If M(2,3) is reflected in the line y=4, then M' is (6,3) TRUE OR FALSE??? Business management typically requires graduate school.OA.TrueOB.False which scenariois an example of external pressure to use drugs