Presented below is an amortization schedule related to 5-year, $120,000 bond with a 7% interest rate and a 5% yield, purchased on December 31, 2018, for $130,392.
Date Cash Interest Bond Premium Carrying Amount
Received Revenue Amortization of Bonds
12/31/18 $130,392
12/31/19 $8,400 $6,520 $1,880 128,512
12/31/20 8,400 6,426 1,974 126,538
12/31/21 8,400 6,327 2,073 124,465
12/31/22 8,400 6,223 2,177 122,288
12/31/23 8,400 6,112 2,288 120,000
The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end.
12/31/19 12/31/20 12/31/21 12/31/22 12/31/23
Amortized cost $128,512 $126,538 $124,465 $122,288 $120,000
Fair value $128,000 $128,800 $126,300 $123,500 $120,000
(a) Prepare the journal entry to record the purchase of these bonds on December 31, 2018, assuming the bonds are classified as held-to-maturity securities.
(b) Prepare the journal entry related to the held-to-maturity bonds for 2019.
(c) Prepare the journal entry related to the held-to-maturity bonds for 2021.
(d) Prepare the journal entry to record the purchase of these bonds, assuming they are classified as available-for-sale.
(e) Prepare the journal entries related to the available-for-sale bonds for 2019.
(f) Prepare the journal entries related to the available-for-sale bonds for 2021.

Answers

Answer 1

Answer:

A. Dr Held-to-Maturity Securities $130,392

Cr Cash $130,392

B. Dr Cash $8,400

Cr Held-to-Maturity Securities $1880

Cr Interest Revenue $6,520

C. Dr Cash $8,400

Cr Held-to-Maturity Securities $2,073

Cr Interest Revenue $6,327

D. Dr Available-for-Sale Securities $130,392

Cr Cash $130,392

E. Dr Cash $8,400

Cr Available-for-Sale Securities $1,880

Cr Interest Revenue $6,520

Dr Unrealized Holding Gain or Loss--Equity $512

Cr Securities Fair Value Adjustment (Available-for-Sale) $512

F. Dr Cash $8,400

Cr Cr Available-for-Sale Securities $2,073

Cr Interest Revenue $6,327

December 31, 2021

Dr Unrealized Holding Gain or Loss--Equity $427

Cr Securities Fair Value Adjustment (Available-for-Sale) $427

Explanation:

A. Preparation of the journal entry to record the purchase of these bonds on December 31, 2018, assuming the bonds are classified as held-to-maturity securities.

December 31, 2018

Dr Held-to-Maturity Securities $130,392

Cr Cash $130,392

(To record the purchase of these bonds)

B. Preparation of the journal entry related to the held-to-maturity bonds for 2019

December 31, 2019

Dr Cash $8,400

Cr Held-to-Maturity Securities $1,880

Cr Interest Revenue $6,520

(To record held-to-maturity bonds)

C. Preparation of the journal entry related to the held-to-maturity bonds for 2021

December 31, 2021

Dr Cash $8,400

Cr Held-to-Maturity Securities $2,073

Cr Interest Revenue $6,327

(To record held-to-maturity bonds)

D. Prepare the journal entry to record the purchase of these bonds, assuming they are classified as available-for-sale.

December 31, 2018

Dr Available-for-Sale Securities $130,392

Cr Cash $130,392

(To record the purchase of these bonds)

E. Preparation of the journal entries related to the available-for-sale bonds for 2019

December 31, 2019

Dr Cash $8,400

Cr Available-for-Sale Securities $1,880

Cr Interest Revenue $6,520

(To record available-for-sale bonds)

December 31, 2019

Dr Unrealized Holding Gain or Loss--Equity $512

[$128,512 - $128,000]

Cr Securities Fair Value Adjustment (Available-for-Sale) $512

(To record available-for-sale bonds)

F. Preparation of the journal entries related to the available-for-sale bonds for 2021

December 31, 2021

Dr Cash $8,400

Cr Cr Available-for-Sale Securities $2,073

Cr Interest Revenue $6,327

(To record available-for-sale bonds)

December 31, 2021

Dr Unrealized Holding Gain or Loss--Equity $427

Cr Securities Fair Value Adjustment (Available-for-Sale) $427

($126,300 - $124,465) - ($128,800 - $126,538)

=($1,835-$2,262=$427)

(To record available-for-sale bonds)


Related Questions

you are planning to make monthly deposits of $140 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 25 years

Answers

Answer:

FV= $314,365.69

Explanation:

Giving the following information:

Monthly deposti= $140

Number of months= 25*12= 300

Interest rate= 0.13/12= 0.01083

To calculate the future value of the investment, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {140*[(1.01083^300) - 1]} / 0.01083

FV= $314,365.69

g Which of the following is the first step of the planning phase of a strategic management process? A. establishment of the company's mission B. assessment of the external environment that the firm will face in the future C. analysis of the firm's relative capabilities to deal successfully with the external environment D. seeking alternative strategies using competitive analysis

Answers

Answer:

A. establishment of the company's mission

Explanation:

Strategic management is defined as the steps that a company continuously uses to assess and monitor the abilities not a company to meet up with its goals and objectives. As the business environment changes the organisation will need to make adjustments to stay competitive.

During the planning stage of strategic management there is a need for establishment of a company's mission first of all. This communicates to the employees the business's goals, which helps in setting priorities, focus energy, and strengthen operations in such a way that employees and other stakeholders are working toward a common outcome

In the cost reconciliation report under the FIFO method, the costs to be accounted for equals the cost of beginning work in process inventory plus the cost of units transferred out.

a. True
b. False

Answers

Answer:

Cost Reconciliation Report under FIFO Method:

The costs to be accounted for equals the cost of beginning work in process inventory plus the cost of units transferred out.

b. False

Explanation:

Instead, the costs to be accounted for under the FIFO method in the cost reconciliation report are equal to the cost of the beginning work in process inventory plus the cost of units started and completed during the period.  It is under the weighted-average method that the costs to be accounted for in the cost reconciliation report equal the cost of beginning work in process inventory plus the cost of units transferred out.

Sau khi thực hiện kiểm toán, KTV xác định là:
1- BCTC theo mục đích chung của công ty được trình bày hợp lý
2- Bộ phận thu quỹ của công ty không hữu hiệu
3- Thuế TNDN của cty tính toán không phù hợp với luật thuế
4- Quốc hội muốn kiểm tra chi tiêu của Bộ Quốc phòng và Bộ Ngoại giao
5- BCTC của một trung tâm y khoa tư nhân được lập phù hợp với các chuẩn mực
kế toán.
6- Quản đốc phân xưởng không thực hiện đúng trách nhiệm của mình như đã phân
công.
7- Chi cục thuế đã vi phạm việc thuê mướn nhân viên do nhà nước qui định
8- BCTC của một DN nhà nước cần kiểm toán để cổ phần hóa
9- BCTC của một UBND tỉnh trình bày đúng với thực tế thu và chi tiền
10- Dịch vụ thực hiện qua bưu điện cho một huyện ngoại thành là không hiệu quả
11- Công ty đã thực hiện đúng các điều khoản hợp đồng vay ngân hàng
12- Một bộ phận không thực hiện đúng các chính sách về làm thêm giờ do công ty
đề ra.
Yêu cầu:
a. Hãy chỉ ra loại kiểm toán nào đã tiến hành trong các loại kiểm toán sau: (1)
BCTC; (2) Tuân thủ; (3) Hoạt động
b. Xác định loại KTV thực hiện: (1) độc lập; (2) nội bộ; (3) nhà nước.
c. Xác định đối tượng chính để nhận báo cáo kiểm toán: (1) đối tác; (2) nhà quản lý;
(3) nhà nước... Sử dụng bảng dưới đây để trả lời cho các loại câu hỏi trên: Loại kiểm
toán, Loại KTV, Đối tượng nhận chính.

Answers

number b i hope this helps

Ken's home has a replacement value of $200,000. Ken insured the home for $150,000 under an unendorsed Homeowners 3 policy. The roof of Ken's home was damaged by a windstorm. The replacement cost of the damaged roof is $16,000. The actual cash value of the loss is $12,000. How much will Ken receive from his insurer to settle this claim

Answers

Answer: $15,000

Explanation:

Using a Homeowners 3 policy, Ken will get the higher amount out of two amounts which are:

The actual cash value of the damaged area. An amount calculated as follows:

= (Amount of Insurance cover on home / 80% of Replacement Cost) * Cost of Repair to damaged area.

The actual cash value is $12,000

The second amount is:

= (Amount of Insurance cover on home / 80% of Replacement Cost) * Cost of Repair to damaged area.

= 150,000 / (80% * 200,000) * 16,000

= 0.9375 * 16,000

= $15,000

Ken will receive the higher amount of $15,000.

For the year, Logitom planned to sell 1,104,000 units at a $39 selling price. The marketing manager was asked to explain why budgeted revenue had not been achieved for that year. Investigation revealed the following information:
Actual sales volume 1,135,200 units
Actual selling price $38 per unit
Calculate the sales price variance, the sale volume variance, and the total revenue variance.

Answers

Answer:

Sales price variance = Actual quantity sold * (Actual price - Budgeted selling price)

Sales price variance = 1,135,200 * ($38 - $39)

Sales price variance = 1,135,200 * $1

Sales price variance = $1,135,200 Unfavorable

Sales volume variance = Budgeted selling price * (Actual quantity - Budgeted quantity)

Sales volume variance = $39 * (1,135,200 - 1,104,000)

Sales volume variance = $39 * 31,200

Sales volume variance = $1,216,800 Favorable

Total revenue variance = (Actual quantity * Actual price) - (Budgeted quantity * Budgeted price)

Total revenue variance = (1,135,200 * $38) - (1,104,000 * $39)

Total revenue variance = $43,137,600 - $43,056,000

Total revenue variance = $81,600 Favorable

The marketing team for Lots-o-Chocolate wants to understand the effectiveness of the different components of its digital marketing campaign and put more resources toward its three top-performing sites for ads. How can the marketing team use marketing metrics and marketing control to achieve their objective

Answers

Answer:

The top 3 campaigns ( sites for ads ) with the highest values of the metrics mentioned below should be picked that way the team will achieve their objective.

Explanation:

For a marketing team To understand the effectiveness of the different components of its campaigns there are certain factors/metrics  they should consider/lookout for in each of the various components and they are

i) conversation rate of the various components of the marketing campaigns

ii) Number of clicks/site visits from the various components

iii) Reach of each component to potential customers or returning customers.

When these metrics are checked the, The top 3 campaigns ( sites for ads ) with the highest values of the metrics should be picked.

An industry consists of three firms with sales of $355,000, $825,000, and $435,000.
a. Calculate the Herfindahl-Hirschman index (HHI).
Instruction:
Enter your response rounded to the nearest integer.
b. Calculate the four-firm concentration ratio (C4).
c. Based on the FTC and DOJ Horizontal Merger Guidelines described in the text, is the Department of Justice likely to attempt to block a horizontal merger between two firms with sales of $355,000 and $435,000

Answers

Answer:

Calculating Herfindahl-Hirschman Index and Four-Firm Concentration Ratio:

a. Herfindahl-Hirschman index (HHI) = 3,814

b. The four-firm concentration ratio (C4) = 1

c. If the two firms with sales of $355,000 and $435,000 merged, the resulting HHI would increase by 1,723 to 5,537.  The post-merger HHI now exceeds that allowed under the Guidelines (2,500). The increase in HHI is more than that permitted under the Guidelines (200), the merger is likely to be blocked by the Department of Justice.

Explanation:

a) Data and Calculations:

Sales of three firms in an industry:

                            Sales          Industry Share

Firm A sales = $355,000        22% ($355,000/$1,615,000 * 100)

Firm B sales =   825,000         51% ($825,000/$1,615,000 * 100)

Firm C sales =   435,000        27% ($435,000/$1,615,000 * 100)

Total sales =  $1,615,000

Herfindahl-Hirschman index (HHI) = 3,814 (22² + 51² + 27²)

Four-firm concentration ratio (C4) = Sales of the four largest firms/Industry sales = $1,615,000/$1,615,000

If the two firms with sales of $355,000 and $435,000 were to merge, the new Herfindahl-Hirschman index (HHI) = 5,537(49² + 51²)

Increase in HHI as a result of the merger = 1,723

what's pricing strategy

Answers

Answer:

A pricing strategy takes into account segments, ability to pay, market conditions, competitor actions, trade margins and input costs, amongst others. It is targeted at the defined customers and against competitors.

Explanation:

A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy

Explanation:

hope it help

plss brainlys methanks for the points

The hyrbrid automobile grew out of automobile designers' realization that there were changes in the legal environment regarding automobile emissions to which they need not comply.

a. True
b. False

Answers

Answer: True

Explanation:

Hybrid cars use both electricity and gasoline motors and engines. The concept behind this is that the electricity gives the car better acceleration and the gasoline then maintains it.

Developed countries tax gasoline due to its emissions but don't really tax electricity. On realizing this, designers recognized that they could combine both gasoline and electricity to create hybrids that would decrease the cost of taxation of using gasoline.

Corner Store posts on its website an offer of a reward for information leading to the apprehension of a certain criminal. This offer could normally be terminated by:______.
A) a post on the website.
B) a notice in the local newspaper.
C) a sign in the brick and mortar store.
D) a sign posted in a police station.

Answers

Answer:

a sign posted in a police station ✓

In its 2001 annual report, investors of Adelphia Communications were startled to find a footnote to its financial statements that reported the company had guaranteed as much as $2.7 billion in loans to a private entity owned by CEO John Rigas and his family. As a result of the footnote, Adelphia lost more than 50 percent of its market value in little more than a week.

Required:
Explain why you think the market value of Adelphia fell so dramatically with the footnote disclosure that the company had guaranteed loans to an entity owned by the company's CEO and his family

Answers

Answer:

Explanation:

The transaction of $2.7 billion as a loan lender to a private corporation controlled by the CEO John Rigas plus his family suggests a significant likelihood of asset theft and fraudulent activity. The misappropriation of assets is a sign of a company's financial instability. It implies that people in charge of administration are not using the firm's profits to maximize shareholders' wealth, but rather are advancing the interests of only one shareholder.

As soon as the news reaches the investors, a reasonable investor would sell his stock holdings and divest from the firm. As a result of the bulk of investors' divestment, stock prices have dropped by more than 50% in a week in Adelphia Communications.

Johanna's Jams and Jellies is looking to be set up on QuickBooks Online. Johanna wants to be able to set up specific roles for the 15 different users in her company, including providing access to her CPA, outsourced CFO, and an outside integration specialist and ProAdvisor. Which version(s) of Quickbooks Online would allow her to accomplish this?

a. QuickBooks Online Plus and Advanced
b. QuickBooks Online Essentials, Plus and Advanced
c. QuickBooks Online Advanced
d. QuickBooks Online Simple Start, Essentials, Plus and Advanced

Answers

Answer: C. QuickBooks Online Advanced

Explanation:

With the QuickBooks Online Advanced, Johanna can be bake to do batch transactions faster even when there's an increase in workload. In the QBO Advanced, there are batch transaction entry for sales, checks, receipts, invoices, etc.

Since Johanna wants to be able to set up specific roles for the 15 different users in her company, including providing access to her CPA, outsourced CFO, and an outside integration specialist and ProAdvisor, the version of Quickbooks Online that would allow her to accomplish this is the QuickBooks Online Advanced.

The Corbit Corp, sold merchandise for $10,000 cash. The cost of orp. sold merchandise for $10,000 cash. The cost of the se sold was $7,590. The journal entries to record this transaction under the perpetual inventory system would be:______.
A. Cash 10,000 Merchandise Inventory Cost of Merchandise Sold 10,000 7,590 7,590 Sales
B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory
C. Cash 10,000 Sales 10,000 Merchandise Inventory Cost of Merchandise Sold 10,000 10,000
D. Cash 7,590 Sales 7,590 Cost of Merchandise Sold Merchandise Inventory 7,590 7,590

Answers

Answer:

B. Cash 10,000 Sales 10,000 Cost of Merchandise Sold 7,590 7,590 Merchandise Inventory

Explanation:

The journal entry is shown below:

cash   $10,000

    To sales   $10,000

(being cash receipts is recorded)

Here cash is debited as it increased the assets and credited the sales as it also increased the revenue  

cost of merchandize sold  $7,590

      To merchandize inventory  $7,590

(being cost of merchandise sold is recorded)

Here cost is debited as it increased the expense and credited the merchanidse inventory as it decreased the inventory

Read each scenario, decide whether the company is using Cash basis or Accrual basis, and then enter your answer to the question.
The Purple Tulip Law Firm prepays for advertising in the local newspaper. On January 1, the law firm paid $790 for six months of advertising. Purple Tulip Law Firm recorded $790 in the Prepaid Advertising account.
If Purple Tulip Law Firm had recorded their expenses using the other method, how much advertising expense would they have recorded for the two months ending February 28?
Sweet Catering completed the following selected transactions during May 2016:
May 1: Prepaid rent for three months, $2,100
May 5: Received and paid electricity bill, $90
May 9: Received cash for meals served to customers, $2,520
May 14: Paid cash for kitchen equipment, $3,770
May 23: Served a banquet on account, $1,900
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $2,290
May 31: Recorded depreciation for May on kitchen equipment, $560 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?

Answers

Answer:

1. Cash Basis $790

Accrual basis $263

2. Cash method $(3,440)

Accrual method $780

Explanation:

1. Calculation to determine how much advertising expense would they have recorded for the two months ending February 28

UNDER THE CASH BASIS, the Law Firm will record ​$790 of advertising expense for the two months ending February 28.

UNDER THE ACCRUAL BASIS, the Law Firm will record ​$263 ($790/6*2) of advertising expense for the two months ending February 28.

Therefore the amount of advertising expense l would they have recorded for the two months ending February 28 is:

Cash Basis $790

Accrual basis $263

2a. Calculation to determine how much net income (loss) would they have recorded for the month of May If Sweet Catering had recorded transactions using the Cash method

Using this formula

Net income (loss) using cash method = Meals served to customer – Rent paid – Electricity bill – Cash paid for kitchen equipment

Let plug in the formula

Net income (loss) using cash method= $2,520 -$2,100-$90-$3,770

Net income (loss) using cash method= $(3,440)

Therefore If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May is $(3,440)

2b. Calculation to determine how much net income (loss) would they have recorded for the month of May If Sweet Catering had recorded transactions using the Accrual method

Using this formula

Net income (loss) using accrual method = Meals served to customer+ Served a banquet on account – Rent expense – Electricity bill – Salary expense – Depreciation

Let plug in the formula

Net income (loss) using accrual method= $2,520+$1,900-($2,100/3)-$90-$2,290-$560

Net income (loss) using accrual method=$2,520+$1,900-$700-$90-$2,290-$560

Net income (loss) using accrual method=$780

Therefore If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May is $780

London New York Zurich Hong Kong Bid/Ask Quotes for CHF $0.7464-71 $0.7469-76 $0.7471-74 $0.7460-70 In order to take advantage of locational arbitrage, a currency speculator should buy CHF from the______ dealer and sell CHF to the ______ dealer. Group of answer choices Hong Kong; Zurich London; New York Zurich; Hong Kong New York; Hong Kong

Answers

Answer:

The correct option is Hong Kong; Zurich.

Explanation:

Giveen:

Currency dealer in            London       New York      Zurich      Hong Kong

Bid/Ask Quotes for CHF $0.7464-71  $0.7469-76  $0.7471-74 $0.7460-70

Locational arbitrage can be described as the act of a currency speculator attempting to profit from tiny exchange rate discrepancies across several banks in different locations for a specific currency pair.

Since it is possible for the currency speculator to buy at Ask price from a bank in one location and sell it to another bank at bid price in another location, he will try to identify where he can buy at the lowest price to go and sell in another location with the highest price.

From the table above, Hong Kong has the lowest Bid/Ask Quotes for CHF of $0.7460-70 while Zurich has the highest Zurich of $0.7471-74. Therefore a currency speculator should buy CHF from the Hong Kong dealer and sell CHF to the Zurich dealer.

Therefore, the correct option is Hong Kong; Zurich.

Fill in the missing numbers in the following income statement:

Sales $645,000
Costs 346,500
Depreciation 97,200
EBIT $
Taxes (35%)
Net income $

Required:
a. What is the OCF?
b. What is the depreciation tax shield?

Answers

Answer:

See below

Explanation:

EBIT = Sales - Cost - Depreciation

= $645,000 - $346,500 - $97,200

= $201,300

Taxes = EBIT × 35%

= $201,300 × 35%

= $70,455

Net income = EBIT - Taxes

= $201,300 - $70,455

= $130,845

1. OCF

= Net income + Depreciation

= $130,845 + $97,200

= $228,045

2. Depreciation tax shield

= Depreciation × Tax rate

=$97,200 × 35%

= $34,020

At the beginning of the period, the Assembly Department budgeted direct labor of $60,500 and property tax of $26,000 for 5,500 hours of production. The department actually completed 6,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $ fill in the blank 1

Answers

Answer:

Total cost= $100,800

Explanation:

Giving the following information:

Property tax= $26,000

Direct labor= $60,500

Number of hours= 5,500

Property tax is a fixed cost. We need to calculate the hourly rate for direct labor:

Hourly rate= 60,500 / 5,500

Hourly rate= $11

Now, the flexible budget:

Fixed cost= 26,00

Variable cost= 11*6,800= 74,800

Total cost= $100,800

"Differentiation is not something hatched in marketing and advertising department ,nor it is limited to the catchalls to quality and service".Justify your answer.​

Answers

Answer:

Differentiation opportunities can exist in activities all along an industry's value chain

Explanation:

-Product R&D activities that aim at improved product designs and performance features,expanded end uses and applications and selection, added user safety,greater recycling capability or enhanced environmental protection.

What is the objective of finacial reporting

Answers

THIS IS YOUR ANSWER

MARKS ME AS BRAINLIST

It is to give information about the financial performance and position of a company

Suppose that the price of a good decreased. The substitution effect shows the change in consumption for all goods in reaction to a change in _____________ relative prices income preferences holding _____________ purchasing power utility constant.

Answers

Answer:

The correct answer is "relative prices; utility". A further explanation is provided below.

Explanation:

The conditions of a connection or bond between variables customer demand or perhaps the proportion of such a given cost of production to the normal distribution of so many other products available throughout the marketplace.Individual's pleasure is usually measured by the consumption of that same goods and services.

Thus the above is the correct answer.

Your credibility is your capability of being believed because you are reliable and worthy of confidence.

Answers

yes, agreed and proven.

Doris purchased a zero coupon bond 5 years ago for $675.68. If the bond matures today and the face value is $1,000, what is the average annual compound rate of return (calculated semiannually) that she realized on her investment

Answers

Answer:

8.00%

Explanation:

The price of a zero-coupon bond is the present value of its face value since no coupon payments exist, hence, we can determine the semiannual rate of return  using the formula below:

PV=FV/(1+r)^n

PV= $675.68

FV=$1000

r=semiannual rate of return=unknown

n=number of semiannual periods in 5 years=5*2=10

$675.68=$1000/(1+r)^10

$675.68*(1+r)^10=$1000

(1+r)^10=$1000/$675.68

$1000/$675.68 can be rewritten as ($1000/$675.68)^1

(1+r)^10=($1000/$675.68)^1

divide indexes on both sides by 2

1+r=($1000/$675.68)^(1/10)

r=($1000/$675.68)^(1/10)-1

r=4.00%(semiannual rate of return)

the annual rate of return(compounded semiannually)=4.00%*2=8.00%

Which mineral resource is used in chemical industry?

Answers

Answer:

Carbon feedstocks – oil, gas, coal, renewables, and CO2 – are the base of organic chemistry that creates about 90% of the value of the chemical industry.  Some inorganic feedstocks are regarded as critical: Noble metals, some rare earth elements, indium, lithium, phosphate, etc.

Mineral resources can be divided into two major categories - Metallic and Nonmetallic. Metallic resources are things like Gold, Silver, Tin, Copper, Lead, Zinc, Iron, Nickel, Chromium, and Aluminum. Nonmetallic resources are things like sand, gravel, gypsum, halite, Uranium, dimension stone.

The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $2,584 and current liabilities of $1,191. The December 31, 2010, balance sheet showed current assets of $2,644 and current liabilities of $1,048. What was the company’s 2010 change in net working capital, or NWC?

Answers

Answer: ($203)

Explanation:

The company’s 2010 change in net working capital will be calculated thus:

Net working capital = current assets - current liabilities

For 2009, net working capital will be:

= $2,584 - $1,191

= $1393.

For 2010, net working capital will be:

= $2,644 - $1,048

= $1596

Change in net working capital will be:

= $1393 - $1596

= ($203)

Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $31,000. The estimated useful life was five years and the residual value was $3,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production was year 1, 2,000 units; year 2, 3,000 units; year 3, 2,000 units; year 4, 2,000 units; and year 5, 1,000 units.

Required:
a. Which method will result in the highest net income in year 2?
b. Does this higher net income mean the machine was used more efficiently under this depreciation method?

Answers

Answer:

Straight line depreciation

no

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(31,000 - 3000) / 5 = $5,600

depreciation expense each year is 5600

Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)

(3000 / 10,000) x (31,000 - 3000) = 8400

Double declining =  

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

2/5 x 31000 = 12400

year 2 = 2/5 x(31,000 - 12400) = 7440

Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2010 are as follows: Month Unit Sales Month Unit Sales January 130,000 April 200,000 February 170,000 May 180,000 March 190,000 June 250,000Beginning inventory for 2010 is 40,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per unit is $6. Prepare a purchases budget in units and dollars for each month, January through May.

Answers

Answer:

Results are below.

Explanation:

To calculate the purchase for each  month, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases January:

Production= 130,000

Desired ending inventory= (170,000*0.4)= 68,000

Beginning inventory= (40,000)

Total purchase in units= 158,000

Total purchase cost= 158,000*6= $948,000

Purchases February:

Production= 170,000

Desired ending inventory= (190,000*0.4)= 76,000

Beginning inventory= (68,000)

Total purchase in units= 178,000

Total purchase cost= 178,000*6= $1,068,000

Purchases March:

Production= 190,000

Desired ending inventory= (200,000*0.4)= 80,000

Beginning inventory= (76,000)

Total purchase in units= 194,000

Total purchase cost= 194,000*6= $1,164,000

Purchases April:

Production= 200,000

Desired ending inventory= (180,000*0.4)= 72,000

Beginning inventory= (80,000)

Total purchase in units= 192,000

Total purchase cost= 192,000*6= $1,152,000

Purchases May:

Production= 180,000

Desired ending inventory= (250,000*0.4)= 100,000

Beginning inventory= (72,000)

Total purchase in units= 208,000

Total purchase cost= 208,000*6= $1,248,000

A. treats financial indicators as the sole measurement of performance B. evaluates performance based on organizational participation in improving processes C. does not consider operational performance measures D. incorporates both financial and operational performance measures

Answers

Answer:

Option D: Incorporates both financial and operational performance measures

Explanation:

Balance Scorecard Concept

This was said to be published in 1992 by Kaplan and Norton. Thereafter, a book version was made in 1996.

It is also said to be a form of Traditional performance measurement that depends on external accounting data as out of date(old/out of use).

This approach aim to obtain 'balance' to the financial perspective.

Balanced Scorecard

This is simply regarded as a form of strategic planning and management system that is being used to merge or align business activities to the vision and strategy of the organization through the act of monitoring performance against strategic goals.

Importance of Balanced Scorecard

1. Improve organizational performance by measuring what matters

2. Increase focus on strategy and results

3. Align organization strategy with workers on a day-to-day basis.

3. Focus mainly on the drivers key to future performance

Sales information for Tesla Inc. follows.Year Ended December 31 ($ thousands) 2018 2017 2016Automotive sales $17,631,522 $8,534,752 $5,589,007Automotive leasing 883,461 1,106,548 761,759Total automotive revenues 18,514,983 9,641,300 6,350,766Services and other 1,391,041 1,001,185 467,972Total automotive & services and other segment revenue 19,906,024 10,642,485 6,818,738Energy generation and storage segment revenue 1,555,244 1,116,266 181,394Total revenues $21,461,268 $11,758,751 $7,000,132Automotive sales revenue includes revenues related to sale of new Model S, Model X and Model 3 vehicles, including access to our Supercharger network, internet connectivity, Autopilot, full self-driving and over-the-air software updates.Automotive leasing revenue includes the amortization of revenue for Model S and Model X vehicles under direct lease agreements as well as those sold with resale value guarantees accounted for as operating leases under lease accounting. We do not yet offer leasing for Model 3 vehicles.Services and other revenue consists of non-warranty after-sales vehicle services, sales of used vehicles, sales of electric vehicle components and systems to other manufacturers, retail merchandise, and sales by our acquired subsidiaries to third party customers.Energy generation and storage revenues consists of the sale of solar energy systems and energy storage systems to residential, small commercial, and large commercial and utility grade customers.Compute the relative size of sales revenue from the four types of revenue Tesla discloses. (Hint: Scale each type of revenue by total revenue.)Round answers to the nearest whole percentage.

Answers

Answer:

Tesla Inc.

The Relative Size of Sales Revenue from the Four Types of Revenue

Year Ended December 31                             2018          2017           2016

Automotive sales                                            82%           73%            80%

Automotive leasing                                          4%              9%             11%

Services and other                                           7%              9%              7%

Energy generation & storage revenue           7%              9%             2%

Total revenues                                             100%          100%          100%

Explanation:

a) Data and Calculations:

Year Ended December 31 ($ thousands)     2018             2017            2016

Automotive sales                                 $17,631,522 $8,534,752 $5,589,007

Automotive leasing                                    883,461     1,106,548        761,759

Total automotive revenues                   18,514,983    9,641,300   6,350,766

Services and other                                   1,391,041      1,001,185       467,972

Total automotive & services revenue 19,906,024  10,642,485    6,818,738

Energy generation & storage revenue 1,555,244      1,116,266        181,394

Total revenues                                   $21,461,268  $11,758,751  $7,000,132

Year Ended December 31                2018              2017               2016

($ thousands)  

Automotive sales                  $17,631,522   $8,534,752   $5,589,007

Automotive leasing                     883,461       1,106,548          761,759

Services and other                    1,391,041        1,001,185         467,972

Energy generation & storage 1,555,244        1,116,266          181,394

Total revenues                    $21,461,268    $11,758,751    $7,000,132

2018:

Automotive sales =     82% ($17,631,522/$21,461,268 * 100)

Automotive leasing =   4% ($883,461/$21,461,268 * 100)

Services and others =  7% ($1,391,041/$21,461,268 * 100)

Energy generation & storage = 7% ($1,555,244/$21,461,268 * 100)

2017:

Automotive sales = 73% ($8,534,752/$11,758,751 * 100)

Automotive leasing = 9% ($1,106,548/$11,758,751 * 100)

Services and others = 9% ($1,001,185/$11,758,751 * 100)

Energy generation & storage = 9% ($1,116,266/$11,758,751 * 100)

2016:

Automotive sales = 80% ($5,589,007/$7,000,132 * 100)

Automotive leasing = 11% ($761,759/$7,000,132 * 100)

Services and others = 7% ($467,972/$7,000,132 * 100)

Energy generation & storage = 2% ($181,394/$7,000,132 * 100)

Using the AS-AD and IS-LM models, show the effects of an increase in consumer confidence on the position of the AD, AS, IS, and LM curves in the short run and in the medium run. Precisely label all axes and curves to receive full credit. Label the short-run equilibrium and medium-run equilibrium with SR and MR, respectively.

Answers

Answer: hello your question has some missing information below is the missing information

Suppose the economy begins with output equal to its natural level. Then there is an increase in consumer confidence and households attempt to consume more for a given level of disposable income.

answer :

Attached below

Explanation:

IS-LM modeling curves intersects and it also defines the value of r and Y where r ( rate of interest )  Y( output level )

The AS-AD modeling is in equilibrium where aggregate demand curve and short run and long run aggregate supply curves intersects each other defining P and Y

p ( price level ) , Y ( output level )

Note : Increase in aggregate demand shifts IS outward , raises interest rate and output level

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