Organizations are often divided into units or departments. Which of these is NOT a common way to organize a company?
Group of answer choices
By function
By product
By employee compensation
By customer

Answers

Answer 1

Answer: By employee compensation

Explanation:

In an organization, it should be noted that an organization can be grouped based on the roles performed e.g in an organization, you can find he employees that are related to accounting of the company in the account department, employees involved in sales in the sales department etc.

Employee can also be grouped based on the product sold or based on customers but employees can't be grouped based on employee compensation. Employee compensation is the compensation that an employee gets for working for a particular company.


Related Questions

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 48,000 mini refrigerators, of which 44,000 were sold. Operating data for the month are summarized as follows:

1 Sales $8,800,000.00

2 Manufacturing costs:
3 Direct materials $3,360,000.00
4 Direct labor 1,344,000.00
5 Variable manufacturing cost 816,000.00
6 Fixed manufacturing cost 528,000.00 6,048,000.00 7

Selling and administrative expenses:
8 Variable $528,000.00
9 Fixed 352,000.00 880,000.00

Required:
a. Prepare an income statement based on the absorption costing concept.
b. Prepare an income statement based on the variable costing concept.
c. Explain the reason for the difference in the amount of income from operations reported in (1) and (2).

Answers

Answer:

Part a.

Income statement based on the absorption costing concept.

Sales                                                                                      $8,800,000.00

Less Cost of Sales

Beginning  Inventory                                          $0

Add Manufacturing Cost                          $6,048,000.00

Less Ending Inventory                                ($504,000.00) ($5,544,000.00)

Gross Profit                                                                            $3,256,000.00

Less Expenses :

Selling and administrative expenses:

Variable                                                      $528,000.00

Fixed                                                           $352,000.00     ($880,000.00)

Net Income/(loss)                                                                   $2,376,000.00

Part b.

Income statement based on the variable costing concept.

Sales                                                                                      $8,800,000.00

Less Cost of Sales

Beginning  Inventory                                          $0

Add Manufacturing Cost                          $5,520,000.00

Less Ending Inventory                                ($460,000.00) ($5,060,000.00)

Contribution                                                                            $3,740,000.00

Less Expenses :

Fixed manufacturing cost                          $528,000.00

Selling and administrative expenses:

Variable                                                      $528,000.00

Fixed                                                           $352,000.00      ($1,408,000.00)

Net Income/(loss)                                                                    $2,332,000.00

Part c.

Reason : Fixed Costs deferred in Ending Inventory in Absorption Costing has resulted in a higher Income.

Explanation:

Units in Ending Inventory Calculation :

Production                             48,000

Less Sales                            (44,000)

Ending Inventory                    4,000

Absorption Costing Calcs

Variable Manufacturing Costs

Direct materials                         $3,360,000.00

Direct labor                                 $1,344,000.00

Variable manufacturing cost        $816,000.00

Fixed manufacturing cost            $528,000.00

Total                                           $6,048,000.00

Ending Inventory =  $6,048,000.00 × 4,000 / 48,000

                            =   $504,000

Variable Costing Calcs

Variable Manufacturing Costs

Direct materials                         $3,360,000.00

Direct labor                                 $1,344,000.00

Variable manufacturing cost        $816,000.00

Total                                           $5,520,000.00

Ending Inventory =  $5,520,000.00 × 4,000 / 48,000

                            =   $460,000

It is important that marketers be able to identify which strategy a competitor is using so that they better understand how to position their own products and services. You will see a list of recent or potential strategic decisions made by large firms, and your job is to identify which type of strategy was used in each example.

While there are a variety of strategies across industries, most fall under four basic categories.

1. Market penetration strategies emphasize selling more existing products and services to existing customers.
2. Product development strategies involve creating new goods or services for existing markets.
3. Market development strategies focus on selling existing products or services to new customers. The targeted new customers could be a different gender, age group, or international market.
4. Finally, diversification strategies involve offering new products that are unrelated to the existing products produced by the organization.


Select the most appropriate category of emotional intelligence for below mention behaviors.

i. Arm and Hammer selling baking soda for new purposes.

a. Market penetration
b. Product development
c. Market development
d. Diversification

ii. Apple opening mini-stores within Target

a. Market penetration
b. Product development
c. Market development
d. Diversification

iii. Disney purchasing ESPN

a. Market penetration
b. Product development
c. Market development
d. Diversification

Answers

Answer:

1. Market development

2. Market penetration

3. Diversification

Explanation:

we have already been given a definition of these concepts from question

1.

for Ann and hammer: it is market development because they are trying to create a product for new purposes

2.

for apple: since they are opening mini stores within target they are trying to have an expansion approach where more products and services would be sold to their customers.

3.

for disney: they are diversifying into a new product entirely. ESPN is a well known channel for sporting related activities.

Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of

Answers

Answer:

the question is incomplete, so I looked for similar questions that can serve as an example:

local store 15 minutes away and a price of $104 across town 30 minutes away and a price of $88 neighboring city 1 hour away and a price of $63 Juanita makes $42 per hour at her work, and her purchase decision includes the opportunity cost of lost wages.

total economic cost:

local store = $104 + [1/4 hours x 2 (round trip) x $42] = $125 across town = $88 + [1/2 hours x 2 (round trip) x $42] = $130 neighboring city = $63 + [1 hour x 2 (round trip) x $42] = $147

Juanita should purchase the skirt at her local store because the total economic cost will be lowest = $125

If your numbers are different, just change the numbers of the 3 equations.

We run a delivery service, and we believe our firm has market risk equally between that of UPS and FedEx. We know the following about these 2 firms:______.
Stock Price per share # shares outstanding Market Value of Debt
UPS $65 0.7 billion $ 5 billion
FedEx $55 250 million $ 3 billion
We also have the following data on the securities of these firms:_______.
Beta E Beta D
UPS 0.8 0
FedEx 1.1 0.1
Assume that our firm has risk-free debt with market value $20 million and equity with market value $450 million. Assume that taxes are not relevant. Please estimate our firm’s equity beta

Answers

Answer:

The firm’s equity beta is therefore equal to 0.85.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answer is now provided as follows:

The equity beta refers to a beta that considers different levels of debt of a firm. The equity beta is also known as the levered beta or the project beta. The equity beta is therefore different from the asset beta.

Asset beta refers to a beta does not consider debt and assume that the firm uses only equity financing. Asset beta is known as unlevered beta.

The Firm’s equity can be calculated using the following steps:

Step 1: Calculation of average unlevered beta of the firm

Unlevered beta = Levered beta / (1 + ((1 - Tax rate) * (Debt / Equity ratio))) ……… (1)

Where for UPS;

Levered beta = Beta E = Beta of Equity = 0.80

Tax rate = 0

Debt = Market value of debt = $5 billion

Equity = Market value of equity = Stock Price per share * Number of shares outstanding = $65 * 0.7 billion = $45.50 billion

Substituting the values into equation (1), we have:

UPS unlevered beta = 0.80 / (1 + ((1 - 0) * (5 / 45.50))) = 0.720792079207921 = 0.72

Where for FedEx;

Levered beta = Beta E = Beta of Equity = 1.10

Tax rate = 0

Debt = Market value of debt = $3 billion

Equity = Market value of equity = Stock Price per share * Number of shares outstanding = $55 * 250 million = $13.75 billion

Substituting the values into equation (1), we have:

FedEx unlevered beta = 1.10 / (1 + ((1 - 0) * (3 / 13.75))) = 0.902985074626866 = 0.90

Therefore, firm’s averaged unlevered beta can be calculated as follows:

Firm’s averaged unlevered beta = (UPS unlevered beta + FedEx unlevered beta) / 2 = (0.72 + 0.90) / 2 = 0.81

Step 2: Calculation of firm’s levered beta

Firms’ levered beta = Firm’s averaged unlevered beta * (1 + ((1 - Tax rate) * (Debt / Equity ratio))) …….. (2)

Where;

Firm’s averaged unlevered beta = 0.81

Tax rate = 0

Debt = Market value of risk-free debt = $20 million

Equity = Market value of equity = $450 million

Substituting the values into equation (2), we have:

Firms’ levered beta = 0.81 * (1 + ((1 - 0) * (20 / 450))) = 0.846 = 0.85

Since from the definitions above, the equity beta is also known as the levered beta, the firm’s equity beta is therefore equal to 0.85.

Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow.

Process Activity Overhead Cost Driver Quantity
Components   Changeover 458,000 Number of batches 810   
   Machining 307,000 Machine hours 7,650   
   Setups 232,000 Number of setups 160   

997,000

Finishing   Welding 188,000 Welding hours 4,100   
  Inspecting 231,000 Number of inspections 835   
  Rework 62,000 Rework orders 150   

481,000   

  Support   Purchasing 143,000 Purchase orders 525   
  Providing space 32,000 Number of units 5,020   
  Providing utilities 61,000 Number of units 5,020   

236,000

Additional production information concerning its two product lines follows.

Model 145 Model 212
Units produced 2,000 3,020
Welding hours 1,200 2,900
Batches 405 405
Number of inspections 465 370
Machine hours 2,350 5,300
Setups 80 80
Rework orders 100 50
Purchase orders 350 175


Required:
Determine departmental overhead rates and compute the overhead cost per unit for each product line.

Answers

Answer:

I used an excel spreadsheet since there is not enough room here.  

Explanation:              

Store A charges $20 per t-shirt. They're having a limited "buy 2, get one free"
promotion. You could buy similar t-shirts at Store B, where each shirt is $20 but you have
a coupon for $5 off every shirt. Give one good reason to buy from Store A and one
good reason to buy from Store B.

Answers

Answer:

Both Stores give a discount for buying their shirts

What is a compound interest?

Answers

Answer:

Compound interest  is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan. Interest can be compounded on any given frequency schedule, from continuous to daily to annually.

Explanation:

Connors Bros., a Maritime seafood products manufacturer, hopes to attract Ontario consumers for its Brunswick sardines through a campaign pushing the small fish as a positive food choice. In the campaign, Conner encouraged consumers to buy more sardines. If consumers purchased more sardines, then supermarkets would stock more sardines, thus creating _____ for the small fish.

Answers

Answer:

Derived demand

Explanation:

Derived demand is defined as the demand for a product that occurs as a result of demand for another or similar product. For example the demand for factors of production can result from increased fans for a party product.

In the given scenario the campaign by Connors Bros. a Maritime seafood products manufacturer, hopes to attract Ontario consumers for its Brunswick sardines.

When there is increase in demand for sardines, supermarkets will stock up more sardines. Thereby increasing the demand for sardines.

The sardine demand by supermarkets is derived from the consumer demand for them.

Connors Bros. is trying to create a derived demand for the small fish business enterprise.


What is derived demand?

Derived demand is defined as the need for a unit of production or intermediate good that arises as a response to demand for another intermediate or final item is referred to as

From the information given, the demand for a unit of production by a business enterprise is determined by customer demand for the firm's product.

If the consumers of Brunswick sardines purchase more sardines, supermarkets that get these products from Connors Bros. will definitely stock more sardines.

Learn more about derived demands here:

https://brainly.com/question/4358080

economics
Which of the following is LEAST likely to be a cause of long-term secular slowness in increases in U.S. labor productivity? (a) transition of the economy increasingly toward services and away from manufacturing; (b) falling levels of the capital to labor ratio; (c) deglobalization and the shift of production from places outside the U.S. to places within the U.S.; (d) tighter labor markets and the infusion of more and more workers with below-average skills.

Answers

Answer:

(c) deglobalization and the shift of production from places outside the U.S. to places within the U.S.

Explanation:

The secular aspect of a trend is the main driver of that trend, and the secular aspect of the slowness in increases in U.S. labor productivity is not deglobalization and the shift of production from outside the U.S. to inside the U.S., since what has been happening in the latest decades is exactly the opposite.

Globalization has led many U.S. jobs, specially in manufacturing, to be shipped away from the country to other places where labor costs are cheaper, like China, Vietnam and Malasya.

Champion manufactures winter fleece jackets for sale in the United States. Demand for jackets during the season is normally distributed, with a mean of 20,000 and a standard deviation of 10,000. Each jacket sells for $60 and costs $30 to produce. Any leftover jackets at the end of the season are sold for $25 at the year-end clearance sale. Holding jackets until the year-end sale adds another $5 to their cost. A recent recruit has suggested shipping leftover jackets to South America for sale in the winter there rather than running a clearance. Each jacket will fetch a price of $35 in South America, and all jackets sent there are likely to sell. Shipping costs add additional $5 to the cost of any jacket sold in South America, along with the $5 for holding jackets till the end of the season.

Required:
a. Would you recommend the South American option? Support your decision with calculations.
b. How will the South American option affect production and profitability at Champion?
c. On average, how many jackets will Champion ship to South America each season? (Note: you have already calculated this value in order to get the expected profit for the South American option.

Answers

Answer:

The question puts

Mean demand to be 20000

Standard deviation to be 10000

Storage cost = 60-30= 30

Excess cost to be 30+5-25 = 10

For shipping to south america

Excess cost = 30+5+5-35 = 5 dollars

A.

It is of more benefits to ship to south america because we have an excess cost of 5 dollars and excess clearance cost of 10 dollars

B.

Production and profitability are high for south america. Please check attachment for the calculations I added

C.

Number of units

27142-20000

= 7142 units.

In 1993, Tamarisk Company completed the construction of a building at a cost of $2,320,000 and first occupied it in January 1994. It was estimated that the building will have a useful life of 40 years and a salvage value of $68,800 at the end of that time. Early in 2004, an addition to the building was constructed at a cost of $580,000. At that time, it was estimated that the remaining life of the building would be, as originally estimated, an additional 30 years, and that the addition would have a life of 30 years and a salvage value of $23,200. In 2022, it is determined that the probable life of the building and addition will extend to the end of 2053, or 20 years beyond the original estimate.

Required:
a. Using the straight-line method, compute the annual depreciation that would have been charged from 1994 through 2003.
b. Compute the annual depreciation that would have been charged from 2004 through 2022.
c. Prepare the entry, if necessary, to adjust the account balances because of the revision of the estimated.
d. Compute the annual depreciation to be charged, beginning with 2022.

Answers

Answer:

a. Using the straight-line method, compute the annual depreciation that would have been charged from 1994 through 2003.

depreciable value = $2,320,000 - $68,800 = $2,251,200

annual depreciation expense = $2,251,200 / 40 years = $56,280

b. Compute the annual depreciation that would have been charged from 2004 through 2022.

annual depreciation expense = $56,280 + [($580,000 - $23,200) / 30 years] = $74,840

c. Prepare the entry, if necessary, to adjust the account balances because of the revision of the estimated.

no journal entry required, the carrying value is the same, only the annual depreciation expense will change

d. Compute the annual depreciation to be charged, beginning with 2022.

accumulated depreciation until 2022 = (10 years x $56,280) + (18 x $74,840) = $1,909,920

carrying value = ($2,320,000 + $580,000) - $1,909,920 = $2,900,000 - $1,909,920 = $990,080

depreciable value = $990,080 - $68,800 - $23,200 = $898,080

annual depreciation = $898,080 / 32 years = $28,065

Balance Sheet Data Income Statement Data
Cash $600,000 Accounts payable $720,000 Sales $12,000,000
Accounts receivable 1,200,000 Accruals 240,000 Cost of goods sold 7,200,000
Inventory 1,800,000 Notes payable 960,000 Gross profit 4,800,000
Current assets 3,600,000 Current liabilities 1,920,000 Operating expenses 3,000,000
Long-term debt 2,400,000 EBIT 1,800,000
Total liabilities 4,320,000 Interest expense 403,200
Common stock 720,000 EBT 1,396,800
Net fixed assets 3,600,000 Retained earnings 2,160,000 Taxes 488,880
Total equity 2,880,000 Net income $907,920
Total assets $7,200,000 Total debt and equity $7,200,000
If I remember correctly, the DuPont equation breaks down our ROE into three component ratios: the turnover ratio, and the the total asset And, according to my understanding of the DuPont equation and its calculation of ROE, the three ratios provide insights into the company's effectiveness in using the company's assets, and Hydra Cosmetics Inc. DuPont Analysis Ratios Value Correct/Incorrect Value Correct/Incorrect Ratios Asset management ratio Total assets turnover 1.67 Profitability ratios Gross profit margin (%) Operating profit margin (%) Net profit margin (%) Return on equity (%) 40.00 11.64 14.55 40.58 Financial ratios Equity multiplier 1.67 Do not round intermediate calculations and round your final answers up to two decimals. Hydra Cosmetics Inc. DuPont Analysis Calculation Value Numerator Denominator Ratios Profitability ratios Gross profit margin (%) Operating profit margin (%) Net profit margin (%) Return on equity (%) Asset management ratio Total assets turnover Financial ratios Equity multiplier Check all that apply. Reduce the company's operating expenses, its cost of goods sold, and/or the interest rate on its borrowed funds because this will increase the company's net profit margin. Increase the cost and amount of assets necessary to generate each dollar of sales because it will increase the company's total assets turnover. Increase the efficiency of its assets so that it generates more sales with each dollar of asset investment and increases the company's total assets turnover. Increase the interest rate on its notes payable or long-term debt obligations because it will reduce the company's net profit margin.

Answers

Question attached

Answer and Explanation:

Find answer and explanation attached

A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.41 a minute for daytime calls and $.16 a minute for evening calls. Plan B has a charge of $.51 a minute for daytime calls and $.15 a minute for evening calls. Plan C has a flat rate of $80 with 300 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.
a. Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Cost for Plan A $
Cost for Plan B $
Cost for Plan C $
b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (Round each answer to the nearest whole number.Include the indifference point itself in each answer.)
c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans A and B? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places. Omit the "%" sign in your response.)

Answers

Answer:

a. Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.

Cost for Plan A = ($0.41 x 120) + ($0.16 x 40) + $20 = $ 75.60Cost for Plan B = ($0.51 x 120) + ($0.15 x 40) + $20 = $ 87.20Cost for Plan C = $80 + $20 = $100

b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?

If the agent will use the service only for daytime calls, Plan A is better if the agent uses 195 minutes maximum. If the agent expects to use 196 or more minutes, then Plan C is better.

c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans A and B?

Plan A charges 10¢ less per daytime minute, while plan B charges 1¢ less for evening minutes, that means that the proportion of daytime calls should be 1/11, while the proportion of evening calls should be 10/11.

Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothing while managing heat. Y-Go has become very popular in undergarments for sports activities. Operating at capacity, the company can produce 1,031,000 Y-Go undergarments a year. The per unit and the total costs for an individual garment when the company operates at full capacity are as follows.

Per Undergarment Total
Direct materials $2.04 $2,103,240
Direct labor 0.40 412,400
Variable manufacturing overhead 1.04 1,072,240
Fixed manufacturing overhead 1.44 1,484,640
Variable selling expenses 0.34 350,540
Totals $5.26 $5,423,060


The U.S. Army has approached Klean Fiber and expressed an interest in purchasing 250,500 Y-Go undergarments for soldiers in extremely warm climates. The Army would pay the unit cost for direct materials, direct labor, and variable manufacturing overhead costs. In addition, the Army has agreed to pay an additional $1.02 per undergarment to cover all other costs and provide a profit. Presently, Klean Fiber is operating at 70% capacity and does not have any other potential buyers for Y-Go. If Klean Fiber accepts the Army's offer, it will not incur any variable selling expenses related to this order.

Required:
Prepare an incremental analysis for the Klean Fiber.

Answers

Answer:

Klean Fiber Company

Incremental Analysis for the Special order of 250,500 units of Y-Go undergarments:

Direct materials                                  $2.04         $511,020

Direct labor                                           0.40          100,200

Variable manufacturing overhead       1.04         260,520

Fixed manufacturing overhead            1.02         255,510

Total costs                                         $4.50      $1,127,250

Fixed manufacturing overhead           1.02          255,510

Incremental costs                             $3.48         $871,740

Explanation:

a) Data:

Full Capacity = 1,031,000

The per unit and the total costs at full capacity for Y-Go:

                                                 Per Undergarment       Total

Direct materials                                  $2.04         $2,103,240

Direct labor                                           0.40              412,400

Variable manufacturing overhead       1.04           1,072,240

Fixed manufacturing overhead            1.44           1,484,640

Variable selling expenses                    0.34            350,540

Totals                                                  $5.26       $5,423,060

b: In her decision to accept or reject the special order for 250,500 units of Y-Go undergarments by the U.S. Army, the Klean Fiber Company will only consider the relevant incremental unit cost of $3.48 and not the whole unit cost of $5.26.  The $3.48 cost excludes the fixed overheads or the selling and administrative expenses.

Assume General Electric Company agreed in May 2016 to construct a nuclear generator for NSTAR, a utility company serving the Boston area. General Electric Company estimated that its construction costs would be $960 million. The contract price of $1,200 million is to be paid as follows: $400 million at the time of signing; $400 million on December 31, 2016; and $400 million at completion in May 2017. General Electric incurred the following costs in constructing the generator: $384 million in 2016 and $576 million in 2017.

Required:
Compute the amount of General Electric's revenue, expense, and income for both 2016 and 2017, and for both years combined, under the cost-to-cost revenue recognition method. Enter dollar amounts in millions.

Answers

Answer:

date               revenue      costs

May 2016         $400      

Dec. 2016        $400         $384 / $960 = 40%

May 2017         $400         $576 / $960 = 60%

Revenue recognized during 2016 = $1,200 x 40% = $480 million

Expenses recognized during 2016 = $384 million

Income recognized during 2016 = $480 - $384 = $96 million

Revenue recognized during 2017 = $1,200 x 60% = $720 million

Expenses recognized during 2017 = $576 million

Income recognized during 2017 = $720 - $576 = $144 million

Combined years:

Revenue recognized = $1,200 million

Expenses recognized = $960 million

Income recognized = $240 million

Presented below is information for Headland Company.

1. Beginning-of-the-year Accounts Receivable balance was $21,400.
2. Net sales (all on account) for the year were $105,300. Headland does not offer cash discounts.
3. Collections on accounts receivable during the year were $81,300.

Required:
Compute Headland’s accounts receivable turnover and days to collect receivables for the year.

Answers

Answer and Explanation:

The computation is shown below:

For account receivable turnover ratio

Accounts Receivable Turnover is

= Sales ÷ Average Receivables

Beginning Accounts Receivable  $21,400

Add: Sales                                 $105,300

Less: Cash Receipts                $81,300

Ending Accounts Receivable   $45,400

Now

Accounts Receivable Turnover is

= $105,300 ÷ ($21,400 + $45,400) ÷ 2

= 3.15 times

Now days to sell is  

= 365 ÷ 3.15 times

=116 days

Van Frank Telecommunications has a patent on a cellular transmission process.
1. The company has amortized the $19.80 million cost of the patent on a straight-line basis, since it was acquired at the beginning of 2012.
2. Due to rapid technological advances in the industry, management decided that the patent would benefit the company over a total of six years rather than the nine-year life being used to amortize its cost.
3. The decision was made at the end of 2016 (before adjusting and closing entries).
What is the appropriate adjusting entry for patent amortization in 2016 to reflect the revised estimate.
(If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) Record the adjusting entry for patent amortization in 2016.

Answers

Answer:

Dr Amortization expense 5.50

Cr Accumulated Amortization - Patent 5.50

Explanation:

Preparation of Journal entries to Record the adjusting entry for patent amortization in 2016

Van Frank Telecommunications

Dr Amortization expense 5.50

Cr Accumulated Amortization - Patent 5.50

(To record amortization of patent)

Calculation for the Amortized expense

Cost of the asset $19.80

Annual amortization $2.20

($19.80 / 9 years)

Amortization till date (2012-2015) $8.80

($2.20*4)

Unamortized value ($19.80-$8.80) $11.00

Remaining life 2 years

Amortized expense ($11.00/2) $5.50

Debiting $1.65 million from Patent Amortization Expense and crediting $1.65 million from Accumulated Patent Amortization would be the adjusting entry.

After the estimate revision, the yearly amortization will be $3.30 million ($19.80 million cost of the patent x 6 years).

Debiting Patent Amortization Expense by $1.65 million and crediting Accumulated Patent Amortization by $1.65 million would be the adjustment item for 2016. The projected useful life of the patent has changed, necessitating an adjustment entry to the annual amortization expense, which is reflected in this item.

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Select the qualitative characteristics for the following statements.

a. Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena. select a qualitative characteristic.
b. Having information available to users before it loses its capacity to influence decisions.
c. Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.
d. Information that is capable of making a difference in the decisions of users in their capacity as capital providers.
e. Absence of bias intended to attain a predetermined result or to induce a particular behavior.

Answers

Answer:

Options includes the followings: Relevance, Faithful representation, Predictive value, Confirmatory value, Comparability, Completeness, Neutrality, Timeliness.

a. Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena. select a qualitative characteristic.

Qualitative characteristics: Comparability

b. Having information available to users before it loses its capacity to influence decisions.

Qualitative characteristics: Timeliness

c. Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.

Qualitative characteristics: Predictive Value

d. Information that is capable of making a difference in the decisions of users in their capacity as capital providers.

Qualitative characteristics: Relevance

e. Absence of bias intended to attain a predetermined result or to induce a particular behavior.

Qualitative characteristics: Neutrality

Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. Marc contributed $2,500 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective June 1, 2005). Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $1,000 child tax credit for Matthew. Marc and Michelle paid $6,000 of expenditures that qualify as itemized deductions and they had a total of $5,500 in federal income taxes withheld from their paychecks during the course of the year. (use the 2016 tax rate schedules).
1. What is the total amount of Marc and Michelle’s deductions from AGI?
2. What is Marc and Michelle’s taxable income?
3. What is Marc and Michelle’s taxable income?

Answers

Answer:

KINDLY CHECK EXPLANATION

Explanation:

Given that :

Marc's salary = 64000

Michelle's salary = 12000

Interest received from municipal bond = $350

Interest received from corporate bond = $500

TOTAL AMOUNT OF DEDUCTION FROM AGI:

ACCORDING TO 2016 TAX RATE : MARRIED FILING JOINTLY STANDARD DEDUCTION = $12,600 (higher than itemized deduction ($6000)

Dependency exemption = $4050 (2016 tax schedule)

Hence, total deduction from AGI = $(12600 + (3 * 4050)) = $24,750

Their Gross Income :

(Salary + interest from municipal and corporate bonds)

$(64000 + 12000 + 500) = $76,500

TAXABLE INCOME = Gross income - total debt deduction on AGI - (contribution to individual retirement + alimony paid to spouse)

TAXABLE INCOME = $(76,500 - 24750 - (2500 +1500))

$(76500 - 24750 - 4000) = $47750

when pysical changes in materials happened, there is?

I. Formation of new product or material
II. No formation of new product or material
III. Formation of new shape
IV. Formation of new color

A. I, III and IV
B. II only
C. III and IV
D. II, III and IV

Answers

The answer is D, formation of new product or material can only happen in chemical change

Presented below is information from Headland Computers Incorporated.
July 1 Sold $22,600 of computers to Robertson Company with terms 3/15, n/60. Headland uses the gross method to record cash discounts. Headland estimates allowances of $1,334 will be honored on these sales.
10 Headland received payment from Robertson for the full amount owed from the July transactions.
17 Sold $256,100 in computers and peripherals to The Clark Store with terms of 2/10, n/30.
30 The Clark Store paid Headland for its purchase of July 17.

Answers

Omitted question-- Prepare the necessary journal entries for Headland computers

Answer: Please see answers below

Explanation:

Journal to record sales revenue

Date           Account and explanation          Debit         Credit

July 1st    Account receivables                   $22,600

            Sales Revenue                                                      $22,600

Journal to record allowances for sales returns

July 1st    Sales returns and allowances       $1,334

Allowances for sales return and allowances                     $1,334

Journal to record receipt of cash from Robertson within discount period

July 10   Cash                                       $21,922

Sales discount                                        $678

Account receivables                                                            $22,600

Calculation

Discount = 22,600 x 3%= $678

Cash = $22,600 - $678= $21,922

Journal to record sales revenue

July 1`7   Account receivables                $256,100

Sales revenue                                                                            $256,100

Journal to record receipt of cash from Clark within discount period

July 30   Cash                                 $250,978      

Sales discount                                     $5,122

Account receivables                                                         $256,100                                    

Calculation

Discount = 256,100 x 2%= $5,122

Cash = $256,100 -$5,122= $250,978

Seiko’s current salary is $85,000. Her marginal tax rate is 32 percent and she fancies European sports cars. She purchases a new auto each year. Seiko is currently a manager for an Idaho Office Supply. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porsche dealer. The new position pays only $75,000 per year, but it allows employees to purchase one new car per year at a discount of $15,000. This discount qualifies as a nontaxable fringe benefit. In an effort to keep Seiko as an employee, Idaho Office Supply offers her a $10,000 raise. Answer the following questions about this analysis.
Problem 12-41
Part a a. Assuming it has a 21 percent marginal tax rate, what is the annual after-tax cost to Idaho Office Supply to provide Seiko with the $10,000 increase in salary?

Answers

Answer:

$7,900

Explanation:

Calculation for the annual after-tax cost

Additional salary = $ 10,000

Marginal tax rate=21%

First step is to find the income tax benefit

Income tax benefit = $ 10,000 x 21%

Income tax benefit= $ 2,100

Second step is to find the Annual after tax cost of additional salary

Annual after tax cost of additional salary = $ 10,000 - $2,100

Annual after tax cost of additional salary = $7,900

Therefore the annual after-tax cost will be $7,900

Sheridan Company sells radios for $50 per unit. The fixed costs are $445000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that fixed costs will increase by $65000 and variable costs will be 50% of the selling price. The new break-even point in units is:

Answers

Answer:

Break-even point in units= 2,600

Explanation:

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Fixed costs= $65,000

Contribution margin per unit= 50*0.5= $25

Break-even point in units= 65,000/25

Break-even point in units= 2,600

The stock of Static Corporation has a beta of 0.7. If the expected return on the market increases by 6%, the expected return on Static Corporation should increase by

Answers

Answer:  4.2%

Explanation:

Beta is a measure of sensitivity of a stock in that it measures how the stock reacts to a movement in market return. The Beta of the Market is 1.

If a Stock's Beta is 2, this means that if expected market return increases by 1%, the stock's expected return will increase by 2%. If a Stock's beta is 0.5 then if the expected return on the market increases by 1%, the stock's expected return will increase by 0.5%.

In this case the expected return on the market increases by 6% so the expected return on Static Corporation should increase by;

= 0.7 * 6%

= 4.2%

Tom and Betsy, who are married filing jointly, reported a standard deduction of $24,000 on their 2018 tax return. They paid $500 to the state for income taxes in 2018. In 2019, they received a $125 refund of state taxes paid in 2018. What is the amount that Tom and Betsy need to report on their 2019 tax return?

Answers

Answer:

$0

Explanation:

Since Tom and Betsy didn't itemize their deductions in 2018 (they chose the standard deduction), they didn't include the state taxes in their tax filing. Since the state taxes were not used by Tom and Betsy to reduce their federal income taxes, then any refund will not be included in their current income. Only if state taxes are used to lower federal taxes, do taxpayers need to include any refund.

4. If you enter your credit card information as a requirement for a "free trial" there is
a possibility you could be charged automatically after the trial period is up.
True
O
False
HELP ME

Answers

Answer:

True

Explanation:

If you enter a credit card for a free trial, the card will likely be automatically charged because you have agreed to have your card charged immediately after the free trial period.

Hope this helps! Let me know.

( Help please suck on this question !! )
Which of the following challenges will banks continue to tackle over the next few years?
A. Customer engagement
B. Increasing competitive advantage
C. Increasing service offerings
D. Lowering interest rates

Answers

Answer:A

Explanation:

Because as long as a bank does have customers over the next few years then they have to tackle customers engagement.

Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,900,000 units. Quarterly sales are 22%, 27%, 25%, and 26%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales for the first quarter of 2020.
Production Management desires to maintain the ending finished goods inventories at 25% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $11 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for first quarter of 2021 are 495,000 pounds me Prepare the sales, production, and direct materials budgets by quarters for 2020

Answers

Answer:

Pargo Company

1. Sales Budget

Quarterly sales           1st             2nd             3rd             4th             2021

Sales                          22%           27%            25%            26%

Sales in quantity    418,000      513,000     475,000      494,000    459,800

Sales price               $40             $40           $40              $45             $45

Sales value ('000) $16,720     $20,520      $19,000     $22,2300   $20,691

2. Production Budget

Quarterly production   1st             2nd             3rd             4th          2021

Sales in quantity    418,000      513,000     475,000      494,000    459,800

Ending inventory   128,250       118,750      123,500       114,950

Beginning inventory 0             128,250        118,750      123,500

Total Production  546,250     503,500      479,750     485,450

3. Direct Materials Budget

Quarterly production                    1st             2nd              3rd             4th

Total Production (units)         546,250      503,500       479,750    485,450

Materials per unit (pounds)1,092,500    1,007,000      959,500    970,900

Ending Inventory                    100,700        95,950         97,090      49,500

Beginning Inventory              109,250       100,700         95,950      97,090

Purchases                           1,083,950    1,002,250      960,640     923,310

Cost of purchases          $11,923,450 $11,024,750 $10,567,040$10,156,410

Explanation:

a) Data and Calculations:

Expected sales = 1,900,000

Quarterly sales           1st             2nd             3rd             4th             2021

Sales                          22%           27%            25%            26%

Sales in quantity    418,000      513,000     475,000      494,000    459,800

Sales price               $40             $40           $40              $45             $45

Sales value ('000) $16,720     $20,520      $19,000     $22,2300   $20,691

Ending inventory  128,250     118,750         123,500        114,950    units

Question 5
1 pts
The optimal level of inflation is not zero
True
False

Answers

True jansbaishabsjaksj
True hahahahahahaha
Bro this carácter restrictions is annoying

What is a good job people do you hear me

Answers

Answer:

A lawyer is a good job

Explanation:

lol

whne you try your best and do the best possible you can, but without harmnig anyone or yourself, emotionally or physically

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