Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.)
2017 2016
Current assets $ 890,400 $999,600
Total assets 1,950,000 1,878,000
Current liabilities 424,000 357,000
Total liabilities 573,300 552,132
Net income 166,830 337,600
Net cash provided by operating activities 300,000 452,600
Capital expenditures 271,000 246,500
Dividends paid on common stock 85,000 76,500
Weighted-average shares outstanding 201,000 211,000
a. Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.)
2017 2016
Current ratio
b. Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)
2017 2016
Earnings per share $
c. Calculate the debt to assets ratio for each year. (Round answers to 1 decimal place, e.g. 29.5%)
2017 2016
Debt to assets ratio
d. Calculate the free cash flow for each year. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)
2017 2016
Free cash flow

Answers

Answer 1

Answer:

Please see below

Explanation:

a. Current ratio

= Total current asset / Total current liabilities

2017

Current asset. 890,400

Current liabilities 424,000

Current ratio = 890,400/424,000

= 2.1

2016 Current ratio

Current asset. 999,600

Current liabilities 357,000

Current ratio = 999,600/357,000

= 2.8

b. Earnings per share

= (Net income - Preference dividend) / Weighted average number of shares outstanding

2017

Net income. 166,830

Weighted Average number of shares outstanding 201,000

Earnings per share = $166,830/201,000

= $0.83

2016 Earnings per share

Net income $337,600

Weighted Average number of shares outstanding 211,000

Earnings per share = $337,600/211,000

= $1.6

c. Debt to asset ratio

= Total liabilities / Total assets

2017

Total liabilities 573,300

Total assets 1,950,000

= 573,300/1,950,000

= 0.29

2016 Debt to asset ratio

Total liabilities 552,132

Total assets 1,878,000

Debt to asset ratio = 552,132/1,878,000

= 0.29

d. Free cash flow

2017

Cash flow from operating activities 300,000

Less: capital expenditure (271,000)

Free cash flow 29,000

2016 free Cash flow from operating activities

Free cash flow 452,600

Less: capital expenditure (246,500)

Free cash flow. 206,100


Related Questions

5. What are the advantages of relying solely on streaming services
for TV, what are the disadvantages?
HELP ME PLEASE I WILL GIVE YOJ BRAINLYIST

Answers

the advantages are that you barely have any ads, or commercial breaks. the disadvantages are if the internet is slow then its difficult to watch your show or movie

Answer:

By watching something live and streaming. Disadvantages is not wanting to watch what you want.

The CEO of Jaquar Consultancy Corp. informs Amy's supervisor that she has performed extremely well in her last project. Amy's supervisor sends an e-mail to the entire team about the good review received from the CEO. Jaquar is known for its regular performance-driven incentives that it awards to employees performing exceptionally well. This implies that Jaquar Consultancy Corp. operates by implementing:

a. internal marketing.
b. empathy marketing.
c.customer profiling.
d. benchmarking.

Answers

Answer: Internal marketing

Explanation:

Jaquar Consultancy Corp. operates by implementing internal marketing. Internal marketing is when the objectives, and products of a company are promoted within the particular company.

The purpose of Internal marketing is to increase workers engagement with the goals and objectives of f the company and help foster its brand. The needs of the workers are satisfied in order to attain company's goals.

In 2010, Toyota recalled millions of automobiles to fix a potentially hazardous problem known as sudden acceleration. Writing in the Wall Street Journal, James Stewart gave investors the following advice: "Toyota shares were over $90 as recently as Jan. 19, 2010. They closed Tuesday (February 02, 2010) at $78.18, which strikes me as a modest decline under the circumstances. If I owned shares, I’d seize the chance to get out.

Required:
Would a believer in the efficient markets theory be likely to follow Stewart's advice?

Answers

Answer:

Of course not. Someone that believes in the efficient market theory (or hypothesis as it is generally called), believes that the market is always right. As an individual investor, you might be right or wrong, but the market as a whole has access to perfect information and the price of each stock already has been determined factoring all possible events and outcomes. I.e. the market's price is always the correct price and there is no way in which an individual investor can make a profit by buying or selling undervalued or overvalued stocks.

Personally, I disagree with this hypothesis, and the reason why most people call is a hypothesis is that they disagree with it. If the market is always right, then this theory is no good.

The following information pertains to Yuji Corporation:

January 1, 20X1 December 31, 20X1
Raw materials inventory $34,000 $38,000
Work-in-process inventory 126,000 145,000
Finished goods inventory 76,000 68,000
Costs incurred during the year 20X1 were as follows:

Raw material purchased $116,000
Wages to factory workers 55,000
Salary to factory supervisors 25,000
Salary to selling and administrative staff 40,000
Depreciation on factory building and equipment 10,000
Depreciation on office building 12,000
Utilities for factory building 5,000
Utilities for office building 7,500

Required:
Sales revenue during 20X1 was $300,000. The income tax rate is 21%. Compute the following:

a. Cost of raw materials used.
b. Cost of goods manufactured/completed.
c. Cost of goods sold.
d. Gross margin.
e. Net income.

Answers

Answer:

a. Cost of raw materials used.$ 112,000

b. Cost of goods manufactured/completed.$ 188,000

c. Cost of goods sold. $ 196,000

d. Gross margin.  $ 104,000

e. Net income. $ 35155

Explanation:

Yuji Corporation

Cost Of Goods Sold Statement.

Beginning Raw materials inventory $34,000

Add Raw material purchased $116,000

Less Ending Raw materials inventory  $38,000

Direct Materials Used $ 112,000

Add

Direct Labor Wages to factory workers 55,000

FOH $ 40,000

Utilities for factory building 5,000

Salary to factory supervisors 25,000

Depreciation on factory building and equipment 10,00

Total Manufacturing Costs  $ 207,000

Add Beginning Work-in-process inventory 126,000  

Cost of goods  available for manufacture $ 333,000

Less Ending Work-in-process inventory  145,000

Cost of goods manufactured/completed $ 188,000

Add Beginning Finished goods inventory 76,000

Cost of goods available for sale $ 264,000

Less Ending Finished goods inventory  68,000

Cost of goods sold $ 196,000

We add and subtract as per format to get the required amounts.

Yuji Corporation

Income Statement

Sales revenue       $300,000

Less Cost of goods sold $ 196,000

Gross margin     $ 104,000

Less Selling and Administrative Expenses

Salary to selling and administrative staff 40,000

Depreciation on office building 12,000

Utilities for office building 7,500

Profit Before Income Tax    44,500

Income Tax  ( 21% of 44,500)  $ 9345

Net Income  $ 35155

Acute Company manufactures a single product. On December 31, 2014, it adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was determined to be $300,000. Inventory data for succeeding years follow:

Year Ended December 31 Inventory at Respective Year-End Prices Relevant Price Index (Base Year 2014)
2015 $363,000 1.10
2016 420,000 1.20
2017 430,000 1.25

Required:
Compute the inventory amounts at December 31, 2015, 2016, and 2017, using the dollar-value LIFO inventory method for each year.

Answers

Answer:

Acute Company

Year Ended December 31 Inventory at

Respective Year-End   Prices     Relevant Price Index   Dollar-value LIFO

2015                       $363,000      1.10                                 $330,000

2016                         420,000      1.20                                  350,000

2017                         430,000      1.25                                 344,000

Explanation:

a) Data and Calculations:

Year Ended December 31 Inventory at Respective Year-End Prices Relevant Price Index (Base Year 2014)

Year   Year-End Prices   Price Index

2015    $363,000           1.10

2016      420,000           1.20

2017      430,000           1.25

Dollar-value LIFO:

2015 = $363,000/1.10 =   $330,000

2016 = $420,000/1.20 = $350,000

2017 = $430,000/1.25 = $344,000

b) The implication is that the respective year-end prices are re-calculated using the 2014 base year index.  This prunes the effect of inflation on the most recent prices when compared to the base year of 2014.  It makes the ending inventories for the years to be comparable since the inflation-influenced cause has been removed.

The Hifalutin Co. has perpetual EBIT of $3,000. It has no debt in its capital structure, and its cost of equity is 15%. The corporate tax rate is 40%. There are 300 shares outstanding. Hifalutin has announced that it will borrow $3,750 in perpetual debt at 8% and use the proceeds to buy up stock. How many shares will be purchased

Answers

Answer:

The right answer is "56 shares".

Explanation:

According to the question,

Earning per share is:

= [tex]\frac{3000}{300}[/tex]

= $[tex]10[/tex]

PE ratio will be:

= [tex]\frac{1}{ke}[/tex]

= [tex]\frac{1}{15}[/tex]

= [tex]6.67[/tex]

Market price at every share will be:

= [tex]PE \ ratio\times EPS[/tex]

= [tex]6.67\times 10[/tex]

= [tex]66.7 \ Per \ share[/tex] ($)

Now,

The number of purchased shares will be:

= [tex]\frac{borrow}{market \ price \ per \ share}[/tex]

= [tex]\frac{3750}{66.7}[/tex]

= [tex]56.22[/tex]

i.e.,

= [tex]56 \ shares[/tex]

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:

$24750

$47750

Explanation:

Total amount of Marc and Michelle's deduction. From AGI:

MAX of (ITEMIZED DEDUCTION or MARRIED FILING JOINTLY)

2016 TAX SCHEDULE :

STANDARD DEDUCTION FOR MARRIED FILING JOINTLY = $12600

Personal and dependency deduction = 4,050

(4050 * 3). = $12,150

Deduction from AGI = $12,600 + $12,150 = $24750

Taxable income :

Gross income = (Marc and Michelle's salary + corporate bond)

= $(64000 + 12000 + 500) = $76500

Contribution + alimony = ($2500 + $1500) = 4000

Taxable income = ($76500 - 4000 - 24750) = $47750

Major League Bat Company manufactures baseball bats. In addition to its goods in process inventories, the company maintains inventories of raw materials and finished goods. It uses raw materials as direct materials in production and as indirect materials. Its factory payroll costs include direct labor for production and indirect labor. All materials are added at the beginning of the process, and direct labor and factory overhead are applied uniformly throughout the production process.Required:You are to maintain records and produce measures of inventories to reflect the July events of this company. The June 30 balances are as follows: Raw Materials Inventory, $25,000; Goods in Process Inventory, $10,520 ($2,800 of direct materials, $3,800 of direct labor, and $3,920 of overhead); Finished Goods Inventory, $116,000; Sales, $0; Cost of Goods Sold, $0; Factory Payroll, $0; and Factory Overhead, $0.1. Prepare journal entries to record the following July transactions and events.a. Purchased raw materials for $132,000 cash (the company uses a perpetual inventory system).b. Used raw materials as follows: direct materials, $49,900; and indirect materials, $15,000.c. Incurred factory payroll cost of $173,650 paid in cash (ignore taxes).d. Assigned factory payroll costs as follows: direct labor, $142,650; and indirect labor, $31,000.e. Incurred additional factory overhead costs of $42,795 paid in cash.f. Allocated factory overhead to production at 50% of direct labor costs.2. Information about the July inventories follows. Use this information with that from part 1 to prepare a process cost summary, assuming the weighted-average method is used. (Round "Cost per EUP" to 2 decimal places.)3. Using the results from part 2 and the available information, make computations and prepare journal entries to record the following:g. Total costs transferred to finished goods for July.h. Sale of finished goods costing $132,010 for $650,000 in cash.4. Post entries from parts 1 and 3 to the following general ledger accounts5. Compute the amount of gross profit from the sales in July. (Add any underapplied overhead too, or deduct any overapplied overhead from, the cost of goods sold.)

Answers

Question Completion:

Information about the July inventories follows:

Beginning inventory 8,000 units

Started                       17,000 units

Ending inventory       11,000 units

Beginning inventory  

Materials—Percent complete 100%

Conversion—Percent complete 80%

Ending inventory  

Materials—Percent complete 100%

Conversion—Percent complete 30%

Answer:

Major League Bat Company

1. Journal Entries:

a. Debit Raw Materials Inventory $132,000

Credit Cash Account $132,000

To record the purchase of raw materials.

b. Debit Work in Process $49,900

Debit Manufacturing Overhead $15,000

Credit Raw Materials $64,900

To record materials used.

c.  Debit Factory Wages $173,650

Credit Cash Account $173,650

To record factory payroll incurred.

d. Debit Work in Process $142,650

Debit Manufacturing Overhead $31,000

Credit Factory Wages $173,650

To assign factory payroll costs.

e. Debit Manufacturing Overhead $42,795

Credit Cash Account $42,795

To record additional factory overhead costs.

f. Debit Work In Process $71,325

Credit Manufacturing Overhead $71,325

To allocate factory overhead to production at 50% of direct labor costs.

2. Computation of Equivalent Units of Production:

                                                            Materials  Conversion   Total

Beginning inventory 8,000 units     8,000          6,400

Started                       17,000 units     17,000        17,000

Ending inventory       11,000 units      11,000         3,300

Total equivalent unit                           28,000      20,300

3. Costs of Production:

Beginning Inventory                           $2,800      $7,720

Raw materials                                     49,900    213,975

Total costs                                        $52,700 $221,695

Total equivalent unit                          28,000     20,300

Cost per equivalent unit                   $1.88        $10.92

Total costs:

Started                       17,000   $31,960     17,000  $185,640  $217,600

Ending inventory        11,000    20,680      3,300      36,036    $56,716

4. Journal Entries:

Debit Finished Goods Inventory $217,600

Credit Work In Process $217,600

To record the transfer of goods.

Debit Cost of Goods Sold $132,010

Credit Finished Goods Inventory $132,010

To record the cost of goods sold.

Debit Cash Account $650,000

Credit Sales Revenue $650,000

To record the sale of goods for cash.

5. Ledger accounts:

Raw Materials Inventory

Accounts Titles       Debit         Credit

Balance                $25,000

Cash Account       132,000

Work in Process                     $49,900

Manufacturing Overhead         15,000

Work In Process

Accounts Titles       Debit         Credit

Balance              $10,250

Raw materials     49,900

Factory Wages  142,650

Manufacturing

Overhead           71,325

Finished Goods Inventory    $217,600

Balance                                      56,716

Manufacturing Overhead

Accounts Titles       Debit         Credit

Raw materials      $15,000

Factory wages       31,000

Other overheads  42,795

Work in Process applied       $71,325

Underapplied overhead          17,470

6. Income Statement:

For July

Sales Revenue                             $650,000

Cost of goods sold         132,010

Underapplied overhead  17,470  $149,480

Gross profit                                 $500,520

Explanation:

a) Data and Calculations:

June 30 Balances:

Raw Materials Inventory, $25,000;

Goods in Process Inventory, $10,520 ($2,800 of direct materials, $3,800 of direct labor, and $3,920 of overhead);

Finished Goods Inventory, $116,000;

Sales, $0;

Cost of Goods Sold, $0;

Factory Payroll, $0; and

Factory Overhead, $0.1.

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as follows:
1 Sales $10,800,000.00
2 Manufacturing costs:
3 Direct materials $6,400,000.00
4 Direct labor 1,600,000.00
5 Variable manufacturing cost 1,280,000.00
6 Fixed manufacturing cost 320,000.00 9,600,000.00
7 Selling and administrative expenses:
8 Variable $1,080,000.00
9 Fixed 180,000.00 1,260,000.00
Required:
1. Prepare an income statement based on the absorption costing concept.*
2. Prepare an income statement based on the variable costing concept.*
3. Explain the reason for the difference in the amount of income from operations reported in (1) and (2).
* Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if required. Enter Inventory, August 31 as a negative number using a minus sign. If a net loss is incurred, enter that amount as a negative number using a minus sign.
Labels and Amount Descriptions
Labels
August 31
Cost of goods sold
Fixed costs
For the Month Ended August 31
Variable cost of goods sold
Amount Descriptions
Contribution margin
Contribution margin ratio
Cost of goods manufactured
Fixed manufacturing costs
Fixed selling and administrative expenses
Gross profit
Income from operations
Inventory, August 31
Loss from operations
Manufacturing margin
Planned contribution margin
Sales
Sales mix
Selling and administrative expenses
Total cost of goods sold
Total fixed costs
Total variable cost of goods sold
Variable cost of goods manufactured
Variable selling and administrative expenses
Absorption Costing Income Statement
Shaded cells have feedback.
1. Prepare an income statement based on the absorption costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if required. Enter Inventory, August 31 as a negative number using a minus sign. If a net loss is incurred, enter that amount as a negative nmber using a minus sign.
Score: 64/64
Kodiak Fridgeration Company
Absorption Costing Income Statement

1


2

3


4


5


6


7


8

Sales - (Cost of Goods Manufactured - Ending Inventory*) = Gross Profit; Gross Profit - Selling and Administrative Expenses = Income from Operations
* (Manufactured Units - Sold Units) x (Total Manufacturing Costs/Manufactured Units)
Variable Costing Income Statement
Shaded cells have feedback.
2. Prepare an income statement based on the variable costing concept. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon (:) will automatically appear if rquired. Enter Inventory, August 31 as a negative number using a minus sign. If a net loss is incurred, enter that amount as a negative number using a minus sign.
Score: 23/106
Kodiak Fridgeration Company
Variable Costing Income Statement

1


2

3

4
5
6
7
8
9
10
11
12
13
Sales - Variable Cost of Goods Sold* = Manufacturing Margin; Manufacturing Margin - Variable Selling and Administrative Expenses = Contribution Margin; Contribution Margin - (Fixed Manufacturing Costs + Fixed Selling and Administrative Expenses) = Income from Operations.
*Variable Cost of Goods Sold = Variable Cost of Goods Manufactured - [(Manufactured Units - Sold Units) x (Variable Manufacturing Costs/Manufactured Units)]
Final Question
Shaded cells have feedback.
3. Explain the reason for the difference in the amount of income from operations reported in (1) and (2).
The income from operations reported under absorption costing exceeds the income from operations reported under variable costing by the difference between the two, due to fixed manufacturing costs that are deferred to a future month under absorption costing.

Answers

Answer:

1. Income statement based on the absorption costing concept.*

Sales                                                                                       $10,800,000.00

Less Cost of Goods Sold

Beginning Inventory                                         $0

Add Cost of Goods Manufactured           $9,600,000.00

Less Ending Inventory                                ($960,000.00) ($8,640,000.00)

Gross Profit                                                                             $2,160,000.00

Less Expenses :

Selling and administrative expenses:

Variable                                                      $1,080,000.00

Fixed                                                              $180,000.00  ($1,260,000.00)

Net Income/(loss)                                                                     $900,000.00

2. Income statement based on the variable costing concept.*

Sales                                                                                       $10,800,000.00

Less Cost of Goods Sold

Beginning Inventory                                         $0

Add Cost of Goods Manufactured           9,280,000.00

Less Ending Inventory                              ($928,000.00)   ($8,352,000.00)

Contribution                                                                             $2,448,000.00

Less Expenses :

Fixed manufacturing cost                            $320,000.00

Selling and administrative expenses:

Variable                                                      $1,080,000.00

Fixed                                                              $180,000.00  ($1,580,000.00)

Net Income/(loss)                                                                     $868,000.00

3. Reason

Fixed Costs that are deferred in Ending Inventory units under adsorption costing has resulted in absorption costing having a larger profit.

Explanation:

Production units             80,000

Less units Sold              (72,000)

Ending Inventory units     8,000

absorption costing calculations

Manufacturing Cost - absorption costing

                                                             $

Direct materials                         6,400,000.00

Direct labor                                 1,600,000.00

Variable manufacturing cost     1,280,000.00

Fixed manufacturing cost            320,000.00

Total Manufacturing Cost         9,600,000.00

Ending Inventory = 9,600,000.00 × 8,000/ 80,000

                             = $960,000

variable costing calculations

Manufacturing Cost - variable costing

                                                             $

Direct materials                         6,400,000.00

Direct labor                                 1,600,000.00

Variable manufacturing cost     1,280,000.00

Total Manufacturing Cost         9,280,000.00

Ending Inventory = 9,280,000.00 × 8,000/ 80,000

                             = $928,000

Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufacturing data for the year and actual data for November of the current year. The company applies overhead based on planned machine hours using a predetermined annual rate.


Planning Data

Annual November

Fixed manufacturing overhead $1,200,000 $100,000
Variable manufacturing overhead 2,400,000 220,000
Direct labor hours 48,000 4,000
Machine hours 240,000 20,000

Data for November

Direct labor hours (actual) 4,200
Direct labor hours (plan based on output) 4,000
Machine hours (actual) 21,600
Machine hours (plan based on output) 21,000
Fixed manufacturing overhead $101,200
Variable manufacturing overhead $214,000


The fixed overhead volume variance for November was

a. $1,200 unfavorable.
b. $5,000 favorable.
c. $5,000 unfavorable.
d. $10,000 favorable.

Answers

Answer:

Manufacturing overhead volume variance= $1,200 unfavorable

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Fixed Predetermined manufacturing overhead rate= 1,200,000/240,000

Fixed Predetermined manufacturing overhead rate=  $5 per machine hour

Now, to calculate the fixed manufacturing overhead volume variance, we need to use the following formula:

Manufacturing overhead volume variance = Actual Factory Overhead - Budgeted Allowance Based on Standard Hours

Manufacturing overhead volume variance= (101,200) - (5*20,000)

Manufacturing overhead volume variance= $1,200 unfavorable

Presented below are certain account balances of Oriole Products Co.

Rent revenue $6,520 Sales discounts $8,240
Interest expense 13,460 Selling expenses 99,440
Beginning retained earnings 114,900 Sales revenue 407,700
Ending retained earnings 134,130 Income tax expense 25,015
Dividend revenue 71,910 Cost of goods sold 188,927
Sales returns and allowances 12,910 Administrative expenses 75,820
Allocation to noncontrolling interest 20,040

From the foregoing, compute the following:
a.Total net revenue:_________
b. Net income:__________
c. Income attributable to controlling stockholders:___________


Answers

Answer:

a. Sales revenue                                         407700

Sales discounts                             8240

Sales returns and allowances      12910    (21150)

Net sales                                                     386,550

Rent revenue                                               6520

Dividend revenue                                         71910

Total net revenue                                        $464980

b. Total net revenue                            $464980

Less: Expenses  

Cost of goods sold               188927  

Selling expenses                   99440  

Administrative expenses      75820  

Interest expense                   13460

Income tax expense             25015   $402662

Net income                                          $62318

(c)  Total consolidated net income               $62318

Less: Allocation to noncontrolling interest  $20040

Income attributable to controlling             $42278

stockholders  

The following selected transactions were completed by Capers Company during October of the current year:

Oct. 1 Purchased merchandise from Sabol Imports Co., $15,458, terms FOB destination, n/30.
3 Purchased merchandise from Saxon Co., $9,650, terms FOB shipping point, 2/10, n/eom. Prepaid freight of $200 was added to the invoice.
5 Purchased merchandise from Schnee Co., $13,550, terms FOB destination, 2/10, n/30.
6 Issued debit memo to Schnee Co. for merchandise with an invoice amount of $4,350 returned from purchase on July 5.
13 Paid Saxon Co. for invoice of July 3.
14 Paid Schnee Co. for invoice of July 5, less debit memo of July 6.
19 Purchased merchandise from Southmont Co., $27,270, terms FOB shipping point, n/eom.
19 Paid freight of $375 on July 19 purchase from Southmont Co.
20 Purchased merchandise from Stevens Co., $21,400, terms FOB destination, 1/10, n/30.
30 Paid Stevens Co. for invoice of July 20. 31 Paid Sabol Imports Co. for invoice of July 1.
31 Paid Southmont Co. for invoice of July 19.

Required:
Journalize the entries to record the transactions of Capers Company for October.

Answers

Answer:

Date   Accounts title and explanations   Debit$      Credit$

1-Oct   Merchandise inventory                    15458

                  Accounts payable - Sabol imports            15458

3-Oct  Merchandise Inventory                     9850

                   Accounts payable- Saxon Co.                   9650

                   Cash account                                              200

4-Oct   Merchandise Inventory                     13550

                   Accounts payable- Schnee Co.                       13550

6-Oct    Accounts payable -Schnee Co        4350

                    Merchandise inventory                                4350

13-Oct    Accounts payable-Saxon Co          9650  

                      Cash account                                              9457

                       Merchandise inventory                               193

                        (9650*2%)

14-Oct    Accounts payable-Schnee Co        9200  

                      Cash account                                               9016

                       Merchandise inventory                                 184

                       (9200*2%)

19-Oct    Merchandise inventory                    27270

                        Accounts payable - Southmont Co           27270

19-Oct    Merchandise inventory                       375

                        Cash account                                              375

20-Oct    Merchandise inventory                     21400  

                        Accounts payable -Stevens                      21400

30-Oct   Accounts payable-Stevens                 21400

                         Cash account                                             21186

                          Merchandise inventory                             214

                           (21400*1%)  

31-Oct    Accounts payable-Sabol imports      15458  

                      Cash account                                                 15458

31-Oct    Accounts payable -Southmont Co    27270  

                   Cash account                                                    27270

Appendix 1: Gross and net methods for sales discounts
The following were selected from among the transactions completed by Strong Retail Group during August of the current year:
Aug. 5. Sold merchandise on account to M. Quinn, $7,500, terms 2/10, n/30. The
cost of the merchandise sold was $4,200.
9. Sold merchandise on account to R. Busch., $4,000, terms 1/10, n/30. The
cost of the merchandise sold was $2,100.
15. Received payment on account for the sale of August 5 less the discount.
20. Sold merchandise on account to S. Mooney, $6,000, terms n/eom. The
cost of the merchandise sold was $3,300.
25. Received payment on account for the sale of August 9. 31.Received
payment on account for the sale of August 20.
A. Journalize the August transactions using the gross method of recording sales discounts.
Aug. 5 Accounts Receivable-M. Quinn 7,500
Sales 7,500
Cost of Goods Sold 4,200
Inventory 4,200
Accounts Receivable-R. Busch 4,000
Sales 4,000
Cost of Goods Sold 2,100
B. Journalize the August transactions using the net method of recording sales discounts.

Answers

Answer: Check attachment

Explanation:

A . Journalize the August transactions using the gross method of recording sales discounts

Kindly check the attachment for the solution.

B. Journalize the August transactions using the net method of recording sales discounts.

Check attachment.

Linder Corporation invested $70,000 cash in marketable securities on September 1. On September 7 the company sold $10,000 of these investments for $15,000. On September 28 Linder sold $6,000 of the securities for $4,000.

Required:
a. Record the purchase of marketable securities on September 1.
b. Record the sale of marketable securities on September 7.
c. Record the additional sale of marketable securities on September 28.
d. Record the necessary month end fair value adjustment on September 30. The market price for Linder Corporation's remaining unsold securities was $58,000.

Answers

Answer and Explanation:

Find attached

A company has the following aging schedule of its accounts receivable with the estimated percent uncollectible:______.
Age Group Amount Receivable Estimated Percent Uncollectible
Not yet due $ 175,000 4 %
0-60 days past due $ 40,000 10 %
61-120 days past due $ 10,000 30 %
More than 120 days past due $ 5,000 60 %
Assuming the balance of Allowance for Uncollectible Accounts is $3,000 (credit) before adjustment, which of the following would be recorded in the year-end adjusting entry?

Answers

Answer: $14,000

Explanation:

Estimated Uncollectibles = (4% * 175,000) + ( 10% * 40,000) + ( 30% * 10,000) + (60% * 5,000)

= 7,000 + 4,000 + 3,000 + 3,000

= $17,000

Balance before adjustment is a credit of $3,000 so the adjustment for the year is;

= 17,000 - 3,000

= $14,000

how globalization has changed jobs in an organization where you have worked. What are some HR responses to those changes

Answers

Explanation:

Globalization is a phenomenon that has interconnected the world in a political, economic, social and cultural way, which means that this phenomenon has had a significant impact on an organization's business world and HR sector.

An organization that is present in a globalized world, will need to develop new ways of carrying out processes, since this environment is increasingly competitive and needs creativity and innovation for a company to remain well positioned in the market. It is also necessary to highlight that people have new work demands and seek to work in companies that exercise corporate governance and improve their socio-environmental environment.

Therefore, HR was positively impacted by globalization in a positive way, establishing an integration of its processes and people, in order to seek cultural and professional diversity in the recruited professionals, which combine greater innovation and competence for the company. In addition, organizations are more flexible and open to communication, assertiveness, self-management and processes that assist in innovation, motivation and continuous improvement of processes.

In early 2016, the same Germany machinery company has interest from four prospective clients from emerging markets: Indonesia, Brazil, Russia, and South Africa. They all want to buy ten machines, but the factory can only produce ten in time. Therefore, the company has to choose only one client. Given the volatility of the domestic currencies of the four prospective clients, the CFO would like to choose the client which is least likely to cancel the order due to currency volatility. The invoice comes due on June 30, 2016. According to volatility alone, which prospective client would be most likely to cancel the order?

Answers

Answer:

Brazil

Explanation:

According to the picture below, Brazilian real is the currency that has the lowers currency volatility, its spot is 4.0685, and its forward is 4.1820. These values are way lower than the values of the other three currencies, and for this reason, the CFO should choose the Brazilian client, clearly.

Indonesia is the country that is most likely to cancel this order. This is due to its high volatility.

Following the volatility chart that is attached to this question we can clearly spot that Indonesia has the most likelihood to cancel the order.

The volatility of the currency of the country Indonesia is shown to be high and this high volatility is very much going to have an impact on trade.

When there is a weakness in the currency of a nation, the cost of import would go up.

Read more on https://brainly.com/question/13694329?referrer=searchResults

This activity is important because as world trade has grown, more companies have entered the global market. Once a firm decides to enter the global market, it must choose which means of market entry is the most appropriate. The global market entry strategies vary greatly on the dimensions of financial commitment, risk, marketing control, and profit potential.
The goal of this exercise is to demonstrate your understanding of the different types of global market entry strategies: exporting, licensing, joint venture, and direct investment. Roll over each company name to read the description of the firm's strategy, then drop it onto the correct global market entry strategy within the graphic.
1. Yoplait
2. Moodmatcher lipstick
3. McDonald's
4. Ericsson and CGCT
5. Boeing
6. Nissan
A. Indirect Exporting
B. Direct Exporting
C. Licensing
D. Franchising
E. Joint Venture
F. Direct Investment

Answers

Answer:

Throughout the clarification subsection below, the definition of the questionnaire provided is defined.

Explanation:

Indirect Exporting and Moodmatcher lipstick

Rationale: A organization like Moodmatcher lipstick manufactures the understood as a tool and promotes this through an intermediary throughout numerous governments or foreign.

Direct Exporting and Boeing

Rationale: A business including Boeing creates the goods domestically which exports anything without an intermediary throughout foreign nations.

Licensing and Yoplait

Rationale: In return for royalty as well as the fee, a business like Yoplait sells the rights to copyright, trademark, proprietary information, and perhaps other prized intellectual property.

Franchising and McDonald's

Rationale: Companies including McDonald's are licensed to launch new franchises which are one of the quickest expanding methods for market entry.

Joint Venture Ericsson and CGCT

Rationale: The Swedish networking group Ericsson has entered into a joint venture partner CGCT, another French switching group.

Direct Investment and Nissan

Rationale: A domestic company such as Nissan invests in some kind of an international subsidiary and retains it.

1
TRUE FALSE Dermatology is the study of the skin, its structure, functions, diseases and
treatment
2. TRUE FALSE The skin is the 2nd largest organ of the body.
3. The functions of the skin include sensation, heat regulation, absorption, protection, excretion
and
4. The three main layers of the skin are the subcutaneous, epidermis and
The skin layer that has five layers of cells with differing characteristics is the
Sweat is produced by the gland known as the
6. The layer of skin that acts as a shock absorber to protect the bones is known as the
7. The American Academy of Dermatology recommends using a sunscreen with an SPF
of at least

Answers

Answer:

T

Explanation:

Because its true Heheheheheheehhehe sorryyyyyy

1) True
2) FALSE
3) corrrect
4) Epidermis, Dermis, Subcutaneous Tissue
5) EPIDERMIS
Sweat~ is produce by sudoriparous
6) Subcutis
7) SPF of 30

What are two cons of using a credit card?

Answers

interest charges and late fees, also can be credit card damage

The price of a stock is $55 at the beginning of the year and $50 at the end of the year. If the stock paid a $3 dividend and inflation was 3%, what is the real holding-period return for the year? -3.64% -6.36% -6.44% -11.74%

Answers

Answer:

Real holding period return = - 6.44% (Approx)

Explanation:

Holding period return = [Dividend + (Price of share ending - Price of share start)] / Price of share start

Holding period return = [3 + (50-55)] / 55

Holding period return = -2 / 55

Holding period return = -0.0363636

Real holding period return = [(1 + Holding period return)/(1 + Inflation)] - 1

Real holding period return = [(1 - 0.0363636)/(1+0.03)]-1

Real holding period return = - 0.06443

Real holding period return = - 6.44% (Approx)

Consider a simple example economy where there are two goods, coconuts and restaurant meals (coconut-based). There are two firms. A coconut producer collects and sells 10 million coconuts at $2.00 each. The firm pays $5 million in wages, $0.5 million in interest on an old loan, and $1.5 million in taxes to the government. We also know that 4 million coconuts are sold to the public for consumption, and 6 million coconuts are sold to the restaurant firm, which uses them to prepare meals. The restaurant sells $30 million in meals. The restaurant pays $4 million in wages and the government $3 million in taxes. The government supplies security and accounting services and employs only labor, and government workers are paid $5.5 million, collected in taxed by the government. Finally, consumers pay $1 million in taxes to the government in addition to the taxes paid by the two firms.

Required:
a. Compute GDP for this simple economy using the product approach.
b. Compute GDP for this simple economy using the expenditure approach.
c. Compute GDP for this simple economy using the income approach.
d. Now, suppose that the coconut producer cannot sell 1 million coconuts during the course of the year. These are collected coconuts that are not sold to the public (assume that sales to the other firm, the restaurant, remain the same).
e. How does this new piece of information affect your calculations in the expenditure approach? Explain.

Answers

A) Product Approach

GDP = Value added of all industries

Value added = revenue - intermediate costs

Value added coconut producer = $20,000,000 (it does not have intermediate costs)

Value added restaurant = $30,000,000 - $12,000,000 (cost of coconuts)

                                        = $18,000,000

Value added government = $5,500,000 (collected in taxes, $3 million from the restaurant, $1.5 million from the coconut producer, and $1 million from consumers).

GDP = $20,000,000 + $18,000,000 + $5,500,000

        = $43,000,000

B) Expenditure Approach

GDP = Consumption + Investment + Government Spending + Net Exports

Consumption = $8,000,000 in coconuts + $30,000,000 in meals

                       = $38,000,000

Investment = $0

Government Spending = $5,500,000 in government wages

Net Exports = $0 (it is a closed-economy)

GDP = $38,000,000 + $0 + $5,500,000 + $0

       = $43,500,000

C) Income Approach

Wages = $14,500,000

Corporate Profits  = $24,000,000

Interest income = $500,000

Taxes = $4,500,000

GDP = $43,500,000

e. How does this new piece of information affect your calculations in the expenditure approach? Explain.

GDP under the expenditure approach, would rise by the value of the unsold coconuts ($1 million) as long as the coconuts were harvested in the given year. This is because inventory produced in the given year, is part of that year's GDP.

Bernie and Phil's Great American Surplus store placed an ad in the Sunday Times stating, "Next Saturday at 8:00 A.M. sharp 3 brand new mink coats worth $5,000 each will be sold for $500 each! First come, First served." Marsha LufMin was first in line when the store opened and went directly to the coat department, but the coats identified in the ad were not available for sale. She identified herself to the manager and pointed out that she was first in line in conformity with the store's advertised offer and that she was ready to pay the $500 price set forth in the store's offer. The manager responded that a newspaper ad is just an invitation to negotiate and that the store decided to withdraw "the mink coat promotion." Review the text on unilateral contracts in Section 12(b) of Chapter 12. Decide.

Answers

Answer:

This technique is called "bait and switch", it is illegal and is considered false advertising. A seller cannot falsely advertise a product and then simply say that they do not have it on stock. It is a type of sales fraud and it is prohibited by the Lanham Act.

In order for this situation to be considered legal, the seller must have advertised and sold a certain amount of coats, but it didn't sell any. I.e. the seller runs out of stock because it already sold the 3 coats.

Randy likes baseball more than football, football more than basketball, and basketball more than baseball. Which assumption about consumer preferences does this violate

Answers

Answer:

transitivity

Explanation:

As it is given that

Baseball > football

football > basketball

Basketball > baseball

Based on the above information

The consumer preference of transitivity is violated as the transitivity refers to a process in which the preference of the one good is given over  another good

So in the given situation, the third option is correct and the same is to be considered

Piere Imports uses the perpetual system in accounting for merchandise inventory and had the following transactions during the month of October.

Oct. 2 Purchased merchandise at a $4,700 price ($4,606 net), invoice dated October 2, terms 2/10, n/30.
10 Received a credit memorandum toward the return of $850 ($833 net) of merchandise that it purchased on October 2.
17 Purchased merchandise at a $8,800 price ($8,624 net), invoice dated October 17, terms 2/10, n/30.
27 Paid for the merchandise purchased on October 17, less the discount.
31 Paid for the merchandise purchased on October 2. (Payment was mistakenly delayed, which caused the discount to be lost.)

Required:
Prepare entries to record these transactions assuming that Piere Imports records invoices (a) at gross amounts and (b) at net amounts.

Answers

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

October 2 Purchased merchandise at a $4,700 price ($4,606 net), invoice dated

                                                      GROSS                   NET

Dr   Merchandise inventory       $4,700                   $4,606

Cr      Account payable                       $4,700                  $4,606

October 10 Received a credit memorandum toward the return of $850 ($833 net)

                                          GROSS                   NET

Dr    Account payable   $850                    $833

C         Inventory                     $850                   $833

October 17 Purchased merchandise at a $8,800 price ($8,624 net), invoice dated October 17,

                                                      GROSS                   NET

Dr   Merchandise inventory       $8,800                      $8,624

Cr      Account payable                       $8,800                     $8,624

October 27 Paid for the merchandise purchased on October 17, less the discount.

                                           

Dr    Account payable    8,800                      

Cr        Discount                   176

Cr        Cash                         8,624

October 31 Paid for the merchandise purchased on October 2.

Dr    Account payable    4,700

Cr        Cash                         4,700

Darby Company, operating at full capacity, sold 500,000 units at a price of $94 per unit during the current year. Its income statement is as follows:
Sales $47,000,000
Cost of goods sold 25,000,000
Gross profit $22,000,000
Expenses:
Selling expenses $4,000,000
Administrative expenses 3,000,000
Total expenses 7,000,000
Income from operations $15,000,000
The division of costs between variable and fixed is as follows:
Variable Fixed
Cost of goods sold 70% 30%
Selling expenses 75% 25%
Administrative expenses50% 50%
Management is considering a plant expansion program for the following year that will permit an increase of $3,760,000 in yearly sales. The expansion will increase fixed costs by $1,800,000 but will not affect the relationship between sales and variable costs.
Required:
1. Determine the total variable costs and the total fixed costs for the current year.
Total variable costs $_____
Total fixed costs $_____
2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year.
Unit variable cost $_____
Unit contribution margin $_____
3. Compute the break-even sales (units) for the current year.
4. Compute the break-even sales (units) under the proposed program for the following year.
5. Determine the amount of sales (units) that would be necessary under the proposed program to realize the $15,000,000 of income from operations that were earned in the current year.
6. Determine the maximum income from operations possible with the expanded plant.
7. If the proposal is accepted and sales remain at the current level, what will the income or loss from operations be for the following year?
8. Based on the data given, would you recommend accepting the proposal?
a. In favor of the proposal because of the reduction in break-even point.
b. In favor of the proposal because of the possibility of increasing income from operations.
c. In favor of the proposal because of the increase in break-even point.
d. Reject the proposal because if future sales remain at the current level, the income from operations will increase.
e. Reject the proposal because the sales necessary to maintain the current income from operations would be below the current year sales.

Answers

Answer:

1. Determine the total variable costs and the total fixed costs for the current year.

Total variable costs = $17,500,000 + $3,000,000 + $1,500,000 = $22,000,000 Total fixed costs = $10,000,000

2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year.

Unit variable cost = $22,000,000 / 500,000 = $44 Unit contribution margin = $94 - $44 = $50

3. Compute the break-even sales (units) for the current year.

break even point = $10,000,000 / $50 = 200,000 units

4. Compute the break-even sales (units) under the proposed program for the following year.

break even point = $11,800,000 / $50 = 236,000 units

5. Determine the amount of sales (units) that would be necessary under the proposed program to realize the $15,000,000 of income from operations that were earned in the current year.

units = ($11,800,000 + $15,000,000) / $50 = 536,000 units

6. Determine the maximum income from operations possible with the expanded plant.

total units sold 500,000 + 40,000 = 540,000total contribution margin = 540,000 x $50 = $27,000,000operating income = $27,000,000 - $11,800,000 = $15,200,000

7. If the proposal is accepted and sales remain at the current level, what will the income or loss from operations be for the following year?

operating income = (500,000 x $50) - $11,800,000 = $13,200,000represents a decrease of $15,000,000 - $13,200,000 = $1,800,000

8. Based on the data given, would you recommend accepting the proposal?

b. In favor of the proposal because of the possibility of increasing income from operations.

A remotely located air sampling station can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $12,600 to install and will have a useful life of 4 years with no salvage value. Annual costs for inspection, cleaning, etc. are expected to be $1,400. A new power line will cost $11,000 to install, with power costs expected to be $800 per year. Since the air sampling project will end in 4 years, the salvage value of the line is considered to be zero. At an interest rate of 10% per year, which alternative should be selected on the basis of a future worth analysis?

Answers

Answer:

Since the total future worth of running an electric line of $19,353.42 is less than the total future worth of solar cells is $24,132.22, it implies that it will be cheaper to run an electric line than to use solar cells. Therefore, running an electric line should be selected.

Explanation:

The future worth analysis refers to an act of determining what the the worth of present amount of money or stream of money invested at an interest rate will after in some period or years to come.

To determine which one to select between solar cells and running an electric line, the we need to calculate the future worth of both and compared as follows:

a. Calculation of future value of solar cells

Calculation of future worth of $12,600 installation cost

FW of $12,600 = PW of $12,600 * (1 + r)^n ................ (1)

Where;

FW of $12,600 = Future worth of $12,600 installation cost = ?

PW of $12,600 = Present worth of $12,600 installation cost = $12,600

r = interest rate = 10%, or 0.10

n = number of years = 4

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

FW of $12,600 = $12,600 * (1 + 0.10)^4

FW of $12,600 = $12,600 * 1.4641

FW of $12,600 = $18,447.66

Calculation of future worth of annual costs for inspection, cleaning, etc. of $1,400

The future worth of annual costs for inspection, cleaning, etc. of $1,400 can also be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FW of $1,400 = M * (((1 + r)^n - 1) / r) ................................. (2)

Where,

FW of $1,400 = Future value of Annual costs for inspection, cleaning, etc. of $1,400 =?

M = Annual costs for inspection, cleaning, etc. = $1,400

r = interest rate = 10%, or 0.10

n = number of years = 4

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

FW of $1,400 = $1,400 * (((1 + 0.01)^4 - 1) / 0.01)

FW of $1,400 = $1,400 * 4.060401

FW of $1,400 = $5,684.56

Calculation of total future worth of solar cells

This is calculated by simply adding the FW of $12,600 and FW of $1,400 as follows:

Total future worth of solar cells = FW of $12,600 + FW of $1,400 = $18,447.66 + $5,684.56 = $24,132.22

Therefore, the total future worth of solar cells is $24,132.22.

b. Calculation of future value of running an electric line

Calculation of future worth of $11,000 installation cost

FW of $11,000 = PW of $11,000 * (1 + r)^n ................ (3)

Where;

FW of $11,000 = Future worth of $11,000 installation cost = ?

PW of $11,000 = Present worth of $11,000 installation cost = $11,000

r = interest rate = 10%, or 0.10

n = number of years = 4

Substitute the values into equation (3), we have:

FW of $11,000 = $11,000 * (1 + 0.10)^4

FW of $11,000 = $11,000 * 1.4641

FW of $11,000 = $16,105.10

Calculation of future worth of expected annual power costs of $800

The future worth of expected annual power costs of $800 can also be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FW of $800 = M * (((1 + r)^n - 1) / r) ................................. (4)

Where,

FW of $800 = Future value of expected annual power costs of $800 =?

M = Expected annual power costs = $800

r = interest rate = 10%, or 0.10

n = number of years = 4

Substitute the values into equation (4), we have:

FW of $800 = $800 * (((1 + 0.01)^4 - 1) / 0.01)

FW of $800 = $800 * 4.060401

FW of $800 = $3,248.32

Calculation of total future worth of running an electric line

This is calculated by simply adding the FW of $11,000 and FW of $800 as follows:

Total future worth of running an electric line = FW of $11,000 + FW of $800 = $16,105.10 + $3,248.32 = $19,353.42

Therefore, the total future worth of running an electric line is $19,353.42.

c. Conclusion

Since the total future worth of running an electric line of $19,353.42 is less than the total future worth of solar cells is $24,132.22, it implies that it will be cheaper to run an electric line than to use solar cells. Therefore, running an electric line should be selected.

Midland Petroleum is holding a stockholders’ meeting next month. Ms. Ramsey is the president of the company and has the support of the existing board of directors. All 12 members of the board are up for reelection. Mr. Clark is a dissident stockholder. He controls proxies for 42,001 shares. Ms. Ramsey and her friends on the board control 52,001 shares. Other stockholders, whose loyalties are unknown, will be voting the remaining 24,998 shares. The company uses cumulative voting.

Required:
a. How many directors can Mr. Clark be sure of electing?
b. How many can Ms Rmasey be sure of electing
c. How many votes could clark have if he had all the uncommitted votes
d. Does that give him control?
e. If nine directors were to be elected, and Ms. Ramsey and her friends had 70,001 shares and Mr. Clark had 48,001 shares plus half the uncommitted votes, how many directors could Mr. Clark elect?

Answers

Answer:

Midland Petroleum

a. Mr. Clark can be sure of electing = 4 directors

b. Ms Ramsey can be sure of electing = 5 directors

c. If Mr. Clark had all the uncommitted votes, he can elect  = 7 directors

d. With 7 directors, he has control.

e. Mr. Clark can elect (60,50/143,000 * 9) = 4 directors.

Explanation:

Board members = 12                

Mr. Clark control = 42,001 shares  or 35.295%

Ms. Ramsey control = 52,001 shares or 43.698%

Undecided shareholders = 24,998 shares or 21.01%

Total shareholding = 119,000 shares or 100%

Mr. Clark can elect = 35.295% of directors = 4

Ms. Ramsey can elect = 43.698% of directors = 5

Other shareholders can elect = 21.01% of directors = 3

New shareholding:

Ms. Ramsey and friends = 70,001 shares

Mr. Clark and half uncommitted votes = 60,500 (48,001 + 12,499)

Half of the other uncommitted votes = 12,499

Total votes = 143,000

Mr. Clark can elect (60,50/143,000 * 9) = 4 directors.

n California, any apartment building with this many units must have an onsite manager, who is also known as a residential manager. What is the number of units to which this statement refers? Ten or more. Twelve or more. Sixteen or more. Twenty or more+.

Answers

Answer:

Sixteen or more.

Explanation:

It is mandatory by law in California to have an onsite manager, housekeeper, janitor, or another responsible person reside in a building with more than 16 apartments.  Onsite means the manager or caretaker must be a resident in the building complex. The manager's role is to attend to the tenant's needs and offer protection to their properties. This requirement applies if the landlord is not a resident in the apartment building.

In 1998, the Russian government defaulted on its bonds. According to the open-economy macroeconomic model, this should have

Answers

Answer:

An increase in the net export and Russian interest rate.

Explanation: An open economy is an economy where all players which includes traders, investors and other stakeholders in the economy both within and outside the economy freely conduct their businesses and are controlled by market forces with minimal interference by Government agencies.

According to the open-economy macroeconomic model with the defaulting by the Russian government in 1998 will definitely lead to an increase in net export and an increase in Russian Interest rate.

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