Two new​ variables, the market value of the firm​ (a measure of firm​ size, in millions of​ dollars) and stock return​ (a measure of firm​ performance, in percentage​ points), are added to the​ regression: ModifyingAbove ln (Earnings )with caret equals 3.86 minus 0.28 Female plus 0.37 ln (MarketValue )plus 0.004 Return(Earnings)=3.86−0.28Female+0.37ln(MarketValue)+0.004Return​, ​ (0.030.03​) ​ (0.040.04​) ​ (0.0040.004​) ​ (0.0030.003​) n​ = 46,670, Upper R overbar squared R2 ​= 0.345. If MarketValue increases by 4.644.64​%, what is the increase in​ earnings

Answers

Answer 1

Answer:

Explanation:

If Market Value increases by 4.64%, then earnings increase by:

㏑(Earnings)  = 0.37 × ㏑(4.64)

                      = 0.37 × 1.534714

       Earnings = Exp (0.56784418)

                      = 1.76%

If Market Value increases by 4.64%, earnings increase by 1.76%


Related Questions

If the price of a kayak increases, _______.

A. sellers offer more kayaks for sale
B. the supply of kayaks increases
C. sellers offer fewer kayaks for sale
D. the supply of kayaks decreases.

Answers

Answer:

A. sellers offer more kayaks for sale

Explanation:

According to the law of supply , the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If the price of kayaks increases, all things being equal the quantity of kayaks supplied increases.

I hope my answer helps you

Answer:

A is the correct answer.

Explanation:

the law of supply states that when price gets higher or increases, then there would be a corresponding increase in the quantity supplied and when the price gets lower or decreases, so does the quantity supplied.

Following this law, If the price of kayaks increases, then the quantity of kayaks supplied would also increase.

Pharoah Company compiled the following financial information as of December 31, 2022:

Service revenue $1171000
Common stock 233000
Equipment 319000
Salaries and wages expense 390000
Rent expense 97500
Depreciation expense 487500
Cash 276000
Dividends 83000
Supplies 39000
Accounts payable 155000
Accounts receivable 110000
Retained earnings, 1/1/22 567000

Pharoah's total assets at December 31, 2022 are: _________.

Answers

Answer: $913000

Explanation:

The net income must be calculated first. This will be:

Net income = Service revenue – (Salaries + Rent + Depreciation)

= 1171000 - (390000+97500+487500)

= 1171000 - 975000

= $196000

Now, the retained earnings has to be calculated. This will be:

Retained earnings (31/12/2022) = Beginning + Net income – Dividends

= 567000+196000-83000

= $680000

Now, the tockholders’ equity will be:

Stockholders’ equity= Common stock+Retained earnings(31/12/2022)

= $233000+$680000

= $913000

Portage Bay Enterprises has $ 1$1 million in excess​ cash, no​ debt, and is expected to have free cash flow of $ 10$10 million next year. Its FCF is then expected to grow at a rate of 5 %5% per year forever. If Portage​ Bay's equity cost of capital is 13 %13% and it has 66 million shares​ outstanding, what should be the price of Portage Bay​ stock?

Answers

Answer:

Value of a stock =  $1.89  

Explanation:

The value of a firm is the present value of the by the free cashflow discounted at the required rate of return

Value of the firm = FCF/(WACC- g)

FCF- free cash flow

WACC- Cost of capital = 13%

g- growth rate= 5%

= 10,000/(0.13-0.05)=  125,000,000

Value of a stock = Value of firm/No of shares

                           =  $125,000,000/66,000,000 units

                          =  $1.89  

The following are Silver Corporation's unit costs of making and selling an item at a volume of 8,000 units per month (which represents the company's capacity):

Manufacturing:

Direct materials $4
Direct labor $5
Variable overhead $2
Fixed overhead $8

Selling and administrative:
Variable $1
Fixed $6

Present sales amount to 7,000 units per month. An order has been received from a customer in a foreign market for 1,000 units. The order would not affect regular sales. Total fixed costs, both manufacturing and selling and administrative, would not be affected by this order. The variable selling and administrative costs would have to be incurred for this special order as well as all other sales. Assume that direct labor is a variable cost. Assume the company has 50 units left over from last year which have small defects and which will have to be sold at a reduced price for scrap. The sale of these defective units will have no effect on the company's other sales. Which of the following costs is relevant in this decision?

a. $19 unit product cost
b. $11 variable manufacturing cost
c. $26 full cost
d. $1 variable selling and administrative cost

Answers

Answer:

$19 unit product cost - Not relevant

b. $11 variable manufacturing cost - Relevant

c. $26 full cost - Not relevant

d. $1 variable selling and administrative cost- Relevant

Explanation:

A relevant cost is an incremental cost future cash cost which is incurred as a direct consequence of a decision. Note that for any of the cost to be considered as relevant for the special order, such cost must satisfy all of the following criteria:

Future, cash flow and a rises a direct consequence.

So we shall apply these criteria to the question

a. $19 unit product cost : Not relevant because it includes an item of fixed cost of $2 which would incurred either way

$11 variable manufacturing cost: Relevant because it includes all the variable costs which would have to be incurred if the order is accepted

$26 full cost Not relevant because it includes items of fixed manufacturing and fixed selling costs of $14  i.e (8+6) which would incurred either way.

$1 variable selling and administrative cost : Relevant because it would be incurred if the special order is accepted

$19 unit product cost - Not relevant

b. $11 variable manufacturing cost - Relevant

c. $26 full cost - Not relevant

d. $1 variable selling and administrative cost- Relevant

A relevant cost is each future monetary expenditure that is incurred as a direct result of a choice. It should be emphasized that any expense taken into account for the particular order must meet all of the following criteria:

In conclusion, the growth, working capital, and a climb. As a result, we'll use these criteria to respond to the questions.

The answers of the following are:

a. $19 unit product cost - Not relevant

b. $11 variable manufacturing cost - Relevant

c. $26 full cost - Not relevant

d. $1 variable selling and administrative cost- Relevant

a. $19 unit product cost: This is irrelevant since it contains a $2 set rate that would be incurred anyway.

$11 variable manufacturing cost: This is essential since it covers all of the various costs that must be paid if the order is approved. The full price is $26. It is irrelevant since it contains $14 in permanent manufactured and facilitator expenditures, i.e. (8+6), which would be incurred regardless of the outcome. $1 variable selling and administration cost: This is essential since it will be payable if the custom order is granted. The cost of a $19 unit product is negligible.

b. Variable manufacturing cost of $11 -

c. $26 full price - unimportant

d. $1 in variable selling and administrative costs- Relevant

To know more about the categories of the relevant and not relevant, refer to the link below:

https://brainly.com/question/13296648

Pearle Corporation makes automotive engines. For the most recent month, budgeted production was 3,300 engines. The standard power cost is $9.20 per machine-hour. The company's standards indicate that each engine requires 2.1 machine-hours. Actual production was 3,400 engines. Actual machine-hours were 7,160 machine-hours. Actual power cost totaled $61,815.
Required:
a) Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable. (Input all amounts as positive values.)

Answers

Answer:

Rate variance      = $4057  Favorable

Efficiency variance  = $184  unfavorable

Explanation:

Rate variance                                                                              $

7,160 hours should have cost (7,160 × $9.20)                    65872

bur did cost (actual cost)                                                     61,815

Rate variance                                                                        4057  Favorable

Efficiency variance

3400 units should have taken (3,400 × 2.1 hours)                     7140

but did take                                                                                 7,160

Efiicienct=y varince (hours)                                                         20 unfavorable

standard hour                                                                              ×$9.20

Efficiency variance                                                                  $184  unfavorable

                                                 

Rate variance      = $4057  Favorable

Efficiency variance  = $184  unfavorable  

Johnson Corp. has two divisions, Division A and Division B. Division B has asked Division A to supply it with 5,000 units of part WD26 this year to use in one of its products. Division A has th capacity to produce 25,000 units of part WD26 per year. Division A expects to sell 21,000 units of part WD26 to outside customers this year at a price of $20.00 per unit. To fill the order from Division B, Division A would have to cut back its sales to outside customers. Division A's variable manufacturing cost (direct labor + direct material + variable overhead) for part WD26 is $12.00 per unit. The variable selling cost when selling to outside customers is $2.00 per unit. This variable selling cost would not have to be incurred on sales of the parts to Division B.

1. Calculate Division A's minimum acceptable transfer price.

2. Baker Inc. has approached Division B and has offered to sell 5,000 units of the part for $18 per unit. Division B can either purchase the part from Baker Inc. or transfer it from Division A. How much does the overall profit of Johnson Inc. increase or decrease, if Division B accepts Baker's offer and declines to transfer any units from Division A.

Answers

Answer:

1. $13.50

2. Decrease in Profit : $ 22,500

Explanation:

Minimum Transfer Price = Variable Costs - Internal Savings + Opportunity Cost

       = $12.00 + $2.00 - $2.00 + 1,000/4,000 × ($20.00 - ($12.00 + $2.00))

       = $12.00 + $1.50

       = $13.50

Maximum Transfer Price can never be more than what the receiving division (Division B can purchase externally)

Maximum Transfer Price = $18.00

Division B will incur more costs when it accepts Baker's offer and declines to transfer any units from Division A. Hence decrease in Profit)

Decrease in Profit = 5,000 units × ($18.00 - $13.50)

                              = $ 22,500

With practical illustrations, discuss how managers can leverage organizational behavior components to maximize business success.

Answers

Answer:

b

Explanation:

Prepare Journal Entries in a Purchases Journal Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officemate Inc. on account, $415. Apr. 9. Purchased office equipment on account from Tek Village Inc., $2,460. Apr. 16. Purchased office supplies from Officemate Inc. on account, $185. Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $195. Apr. 27. Paid invoice on April 4 purchase from Officemate Inc. a. Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank. If no entry is required in "Other Accounts Dr." then select "No entry required".

Answers

Answer:

Apr. 4.

Office Supplies $415 (debit)

Accounts Payable - Officemate Inc. $415 (credit)

Apr. 9

Office Equipment $2,460 (debit)

Accounts Payable - Tek Village Inc. $2,460 (credit)

Apr. 16.

Office Supplies $185 (debit)

Accounts Payable - Officemate Inc. $185 (credit)

Apr. 19

Office Supplies $195 (debit)

Accounts Payable - Paper-to-Go Inc. $195 (credit)

Apr. 27

Accounts Payable - Officemate Inc. $415 (debit)

Cash $415 (credit)

Explanation:

Recognise a Liability - Accounts Payable for each purchase on Account.

De-recognise the liability when amount is settled.

Suppose that a monopoly firm finds that its MR is $68 for the first unit sold each day, $67 for the second unit sold each day, $66 for the third unit sold each day, and so on. Further suppose that the first worker hired produces 5 units per day, the second 4 units per day, the third 3 units per day, and so on.

Required:
a. What is the firm’s MRP for each of the first five workers?
b. Suppose that the monopolist is subjected to rate regulation and the regulator stipulates that it must charge exactly $58 per unit for all units sold. At that price, what is the firm’s MRP for each of the first five workers?
c. If the daily wage paid to workers is $242 per day, how many workers will the unregulated monopoly demand?
d. If the daily wage paid to workers falls to $113 per day, how many workers will the unregulated monopoly demand?
e. Comparing your answers to parts c and d, does regulating a monopoly’s output price always increase its demand for resources?

Answers

Answer:

a. What is the firm's MRP for each of the first five workers?

Worker 1 = $325Worker 2 = $242Worker 3 = $171Worker 4 = $109Worker 5 = $53

The marginal revenue product = units produced x units price

b. Suppose that the monopolist is subjected to rate regulation and the regulator stipulates that it must charge exactly $58 per unit for all units sold. At that price, what is the firm's MRP for each of the first five workers?

Worker 1 = $290Worker 2 = $232Worker 3 = $174Worker 4 = $116Worker 5 = $58

c. If the daily wage paid to workers is $242 per day, how many workers will the unregulated monopoly demand?

2 workers only, since their MRP ≥ $242 per day

d. If the daily wage paid to workers falls to $113 per day, how many workers will the unregulated monopoly demand?

3 workers only, since their MRP ≥ $113 per day

e. Comparing your answers to parts c and d, does regulating a monopoly's output price always increase its demand for resources?

No it doesn't, since regulation always affects markets. Markets need regulation, but that doesn't mean that the effects of regulation are always positive for everyone involved. In this case, regulation is probably good for customers, but bad for the workers employed and the business itself.

Explanation:

unit sold          MR               worker

1                       $67                 1

2                      $66                 1

3                      $65                 1

4                      $64                 1

5                      $63                 1

6                      $62                 2

7                      $61                  2

8                      $60                 2

9                      $59                 2

10                     $58                 3

11                      $57                 3

12                     $56                 3

13                     $55                 4

14                     $54                 4

15                     $53                 5

Most open market operations are ______ and are aimed at maintaining the economic status quo. During the______, however,______ targeted open market operations were used to encourage economic growth. These actions were dubbed "_______." The first round of this practice focused primarily on the________ market.

Answers

Answer:

routine; great recession; narrowly; quantitative easing; housing

Explanation:

An open market operation is sale and purchase of government securities to control the money supply and interest rates and to ensure regulation of the supply of money in the economy. Such money can be provided as loan to businesses and consumers.

Most open market operations are routine and are aimed at maintaining the economic status quo. During the great recession, however, narrowly targeted open market operations were used to encourage economic growth. These actions were dubbed "quantitative easing." The first round of this practice focused primarily on the housing market.

You are considering replacing your aging propane furnace for a natural gas model. The propane model originally cost $2,200, will last 6 more years, and will have no salvage value. The gas model costs $2,200 and offers a $400 trade-in on the old furnace. It lasts 13 years and can be salvaged for $500 at the end of year 13. Annual fuel costs are $800 for the propane furnace and $600 for the gas furnace. The real interest rate is 9% per year. Using cash-flow replacement and annual worth analysis, should the propane furnace be replaced with the gas model?

Answers

Answer:

The information is not complete (we do not know the useful life of the propane model), but the difference in costs between one project and the other is two large. The NPV of the savings for the gas model almost pays for the initial investment, plus the present value of the costs of using the gas model are much lower for future equivalent projects, we can assume that replacing the propane furnace with the gas model is a good investment.

We cannot determine exactly by how much the actual worth of the costs of the gas model are lower than the costs of the propane model, but there is no doubt that they are much lower. The only way that the propane model would have lower actual costs would that its useful life is much longer.

Explanation:

                                             use propane model            use gas model

initial investment                         $0                                     $1,800

operating costs                         $800                                    $600

useful life                                 6 years                                 13 years

present value of the costs for first product life cycle:

                                                $3,559 (6 years)              $6,129 (13 years)

Since the useful lives of the alternatives are not the same, we must find a common denominator for the useful life of the alternatives. Here we have a problem because we are not given the information.

But we can assume that the useful life of a propane furnace is also 13 years:

                                             use propane model            use gas model

initial investment                    $2,200                                  $2,200

operating costs                         $800                                    $600

useful life                                 13 years                                 13 years

residual value                            $0                                        $500

present value of total costs per life cycle:

                                                $8,190                                   $6,529

Now we need to determine the NPV of the money saved by using gas propane = -$140 (-$1,800, 9%, $200 saved during 12 periods and $700 received at last period), so basically the gas model almost pays for itself with the money it saves.

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement, which follows:
Sales $ 1,604,000
Variable expenses 663,400
Contribution margin 940,600
Fixed expenses 1,035,000
Net operating income (loss) $ (94,400)
In an effort to isolate the problem, the president has asked for an income statement segmented by division. Accordingly, the Accounting Department has developed the following information:
Division East Central West
Sales $ 394,000 $ 630,000 $ 580,000
Variable expenses as a percentage of sales 50 % 28 % 50 %
Traceable fixed expenses $ 278,000 $ 333,000 $ 210,000
Required:
1. Prepare a contribution format income statement segmented by divisions, as desired by the president.

Answers

Answer and Explanation:

The Preparation of contribution format income statement is shown below:-

                                    Wingate Company

                      Contribution format income statement

Particulars      Total               East               Central           West

Sales             $1,604,000    $394,000    $630,000    $580,000

Variable

Variable expenses as a

percentage of sales                50%            28%               50%

expenses      $663,400        $197,000   $176,400     $290,000

Contribution

margin            $940,600       $197,000   $453,600    $290,000

Traceable Fixed

expenses         $821,000       $278,000  $333,000     $210,000

Segment

margin             $119,600         ($81,000)    $120,600    $80,000

Common Fixed

expenses         $214,000

                ($1,035,000 - $821,000)

Net operating  

income (loss)     ($94,400)

The contribution margin income statement is the statement in which the net operating income or loss could be find out by deducting the variable cost and the fixed cost from the sales revenue

Answer:

The answer is "loss of $ 944,000".

Explanation:

Please find the attachment for the solution.

During 2012, Walker Corporation acquired 500 shares of Wychek stock at $30 per share. Walker Corporation accounted for the stock as available-for-sale securities. All declines in market value are considered to be temporary. The market price per share of Wychek’s stock as of December 31, 2012 and 2013, is $22.50 and $37.50, respectively. Given this information, the correct adjusting entry by walker at December 31, 2013, would include a credit to
A.Market Adjustment – Available-for-Sale Securities of $3,750
B.Unrealized Increase in Value of Available-for-Sale Securities – Equity of $7,500
C.Market Adjustment – Available-for-Sale Securities of $7,500
D.Unrealized Increase in Value of Available-for-Sale Securities – Equity of $3,750

Answers

Answer: B.Unrealized Increase in Value of Available-for-Sale Securities Equity of $7,500

Explanation:

Walker acquired the 500 shares at a price of $30 in 2012. At the end of 2012 however, the shares were worth $22.50.

At the end of 2013, it is stated that the shares are now worth $37.50 meaning they increased in value.

The value of the increase is therefore the difference between the most recent previous price and the new price,

= 500 shares * ( 37.50 - 22.50)

= $7,500

Available for Sale Securities Account should therefore see an increase of $7,500 because of the increase in price from the end of 2012 to the end of 2013.

It is worthy of note that at the end of 2012, the account decreased by the difference between the purchase price of $30 and the end of 2012 price of $22.50. This is why at the end of 2013, the price used as the previous price was $22.50.

A machine purchased three years ago for $303,000 has a current book value using straight-line depreciation of $184,000; its operating expenses are $36,000 per year. A replacement machine would cost $239,000, have a useful life of nine years, and would require $12,000 per year in operating expenses. It has an expected salvage value of $76,000 after nine years. The current disposal value of the old machine is $88,000; if it is kept 9 more years, its residual value would be $15,000.Calculate the total costs in keeping the old machine and purchase a new machine.

Answers

Answer: Cost of keeping old machine is $469,000

Cost of Purchasing New Machine is $271,000

Explanation:

Keeping the old machine.

When calculating the cost of keeping the machine you use the disposal value.

Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime

Cost = ( 88,000 - 15,000) + ( 36,000 * 11 years)

Cost = 73,000 + 396,000

Cost = $469,000

Cost of keeping old machine is $469,000.

Cost of New machine

Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime

Cost = (239,000 - 76,000) + (12,000 * 9)

Cost = 163,000 + 108,000

Cost = $271,000

Cost if New machine purchased,

= $271,000

The U.S. Treasury has Kleine Toymakers is introducing a new line of robotic toys, which it expects to grow their earnings at a much faster rate than normal over the next three years. After paying a dividend of $2.00 last year, it does not expect to pay a dividend for the next three years. After that Kleine plans to pay a dividend of $4.00 in year 4 and then increase the dividend at a rate of 10 percent in years 5 and 6. What is the present value of the dividends to be paid out over the next six years if the required rate of return is 15 percent

Answers

Answer:

The present  value of the dividends to be paid out over the next six years if the required rate of return is 15 percent is $6.57

Explanation:

Solution:

Given that

The present value =∑ ⁿ t=1 cf/ (1 +r)t

where cf= cash flow

r =the required rate of return

t = the number of years

Now

The present value will be:

cf₁/(1+r)^1 + cf₂/(1 +)^2 + cf₃/(1+r)3 + cf₄/(1 +r)^4) + cf₅/(1 +r)^5 + cf₆/(1+r)^6

Hence,

cf₁, cf₂ cf₃ = 0 as the firm does not expect to pay dividend in the next three years

Note: Kindly find an attached document of the part of the solution to this given question

Presented below is selected information for Sandhill Company. Answer the questions asked about each of the factual situations. (Do not leave any answer field blank. Enter 0 for amounts.) 1. Sandhill purchased a patent from Vania Co. for $1,190,000 on January 1, 2018. The patent is being amortized over its remaining legal life of 10 years, expiring on January 1, 2028. During 2020, Sandhill determined that the economic benefits of the patent would not last longer than 6 years from the date of acquisition. What amount should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020?

Answers

Answer:

$714,000

Explanation:

Amortization is the systematic allocation of the cost of an intangible asset to the income statement. While depreciation happens to a tangible asset, amortization happens to an intangible asset such as patent, trademark etc.

Mathematically,

Amortization

= Cost of asset / estimated useful life

= $1,190,000/10

= $119,000

At the start of 2020,

Carrying amount of patent

= $1,190,000 - 2($119,000)

= $952,000

Annual amortization from then, given that economic benefits of the patent would not last longer than 6 years from the date of acquisition (hence 4 years remaining)

= $952,000/4

= $238,000

Carrying amount reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020

= $952,000 - $238,000

= $714,000

​GEICO, the​ number-two auto insurer with ​$18 billion in revenue last​ year, spent ​$0.9 billion on advertising that year and plans to continue spending the same percentage of sales on advertising next year. The average​ advertising-to-sales ratio for the insurance industry is 0.2 percent of sales. If GEICO projects ​$20 billion in sales next​ year, using the​ percentage-of-sales method of advertising​ budgeting, how much will the company budget for advertising if basing it on projected​ sales?

Answers

Answer:

The budget for advertising for the next year will be $1 billion.

Explanation:

Based on the information given in the question, the advertising to sales ratio for GEICO based on its last year data is,

Advertising to sales = Advertising / Sales Revenue

Advertising to sales = 0.9 / 18   =  0.05 or 5%

The advertising to sales ratio for GEICO is much higher than the industry average. If GEICO continues to maintain this ratio for the next year, the budget for advertising will be,

Advertising budget = 20 * 5%   =  $1 billion

If it uses the industry average ratio, the budget will be,

Advertising budget = 20 * 0.2%  = $0.04 billion

As GEICO is expected to maintain its own advertising to sales ratio, the correct answer for advertising budget us $1 billion

You have been engaged to review the financial statements of Flounder Corporation. In the course of your examination, you conclude that the bookkeeper hired during the current year is not doing a good job. You notice a number of irregularities as follows.

1. Year-end wages payable of $3,410 were not recorded because the bookkeeper thought that "they were immaterial."
2. Accrued vacation pay for the year of $30,000 was not recorded because the bookkeeper "never heard that you had to do it."
3. Insurance for a 12-month period purchased on November 1 of this year was charged to insurance expense in the amount of $2,868 because "the amount of the check is about the same every year."
4. Reported sales revenue for the year is $1,928,140. This includes all sales taxes collected for the year. The sales tax rate is 6%. Because the sales tax is forwarded to the state’s Department of Revenue, the Sales Tax Expense account is debited. The bookkeeper thought that "the sales tax is a selling expense." At the end of the current year, the balance in the Sales Tax Expense account is $94,140.

Prepare the necessary correcting entries, assuming that Headland uses a calendar-year basis.

Answers

Answer:

Flounder Corporation

Journal Correcting Entries:

1. Debit Wages & Salaries Account $3,410

Credit Wages & Salaries Payable $3,410

To accrue unpaid wages.

2. Debit Wages $ Salaries Account $30,000

Credit Wages & Salaries Payable $30,000

To record vacation pay for the year.

3. Debit Insurance Prepaid $2,390

Credit Insurance Account $2,390

To account for Insurance Prepaid

4. Debit Sales Tax Expense $109,140

Credit Sales Tax Payable $109,140

To record 6% sales tax on $1,819,000

5. Debit Sales Tax Payable $94,140

Credit Sales Tax Expense $94,140

To record sales tax paid.

Explanation:

1. In accordance with the accrual concept and the matching principle of the US Generally Accepted Accounting Principles, all wages payable must be accrued.  This ensures that expenses are matched to the period's revenue.

2. As in 1, all accrued vacation pay must be recorded.

3. Prepaid insurance must be accrued so that only the period's expense is recognized against the period's income.

4. The Sales Tax is calculated as follows:

Sales Revenue, including sales taxes divided by 106% to give the sales revenue figure.  Then 6% is applied on sales revenue figure to get the Sales Taxes for the year.

Sales Revenue = $1,928,140/106% = $1,819,000

Sales Taxes = 6% of $1,819,000 = $109,140

Answer:

Explanation:

Journal Entry

Date Particulars Dr. Amt. Cr. Amt.

1 Salaries & Wages Expenses 3,410.00

Salaries & Wages Payable 3,410.00

2 Salaries & Wages Expenses 30,000.00

Salaries & Wages Payable 30,000.00

3 Prepaid Insurance 2,390.00 $2,868X 10/12

Insurance Expense 2,390.00 $2,868 X 10/12

4-1 Sales Revenue 723,052.5.00 $1,928,140X 6/106

Sales Tax Payable 723,052.5 .00 $1,928,140 X 6/106

4-2 Sales Tax Payable $94,140

Sales Tax Expense $94,140

Bryan Dobbs, Director of Marketing at Sarga Inc. has received multiple complaints about Davy Siegler over the past two months. Apparently, he spends his day surfing the net, passes all his own work on to subordinates, and disrupts those around him by dragging them over to view various videos, jokes, and timewaster findings online. Dobbs sets up a meeting with the intention of discovering what issues are causing Siegler's clear lack of motivation and poor production. During the meeting, Siegler is passive-aggressive and displays motivation and resentment issues. He recently received an "above average" performance appraisal but no pay increase.

This activity is important because it allows students to better understand cyberloafing’s relationship to job satisfaction, and then provides an opportunity for them to apply pertinent theory in order to resolve the scenario presented in the video.

1. Davy’s behavior on the job is related to all of the following, EXCEPT

A. counterproductive work behavior.

B. stress.

C. inequity.

D. organizational citizenship behavior.

Answers

Answer:

D. organizational citizenship behavior.

Explanation:

In this scenario exemplified in the question, it can be said that Davy has all work behaviors except the behavior of organizational citizenship.

This behavior can be described as one that is not mandatory as part of the functional requirements of a job position, but an employee who presents organizational citizenship helps the company to promote a culture favorable to the maintenance of ethics and the development and performance of the organization as one all.

Any informal action by the worker that benefits the organization is part of the behavior of organizational citizenship. Some of these dimensions of behavior are altruism, loyalty, conscience, self-development, obedience, etc.

These behaviors are capable of promoting the well-being of the employee and the entire organization.

basic similarity and different between BAUM, UNIDO, DEPSA project life cycle

Answers

Answer:

BAUM, UNIDO, and DEPSA all refer to types of project development cycles.

A. The BAUM project lifecycle refers to the World Banks' project development cycle as described by Warren Baum.  

The BAUM project life cycle features 6 stages namely:

identification of opportunity preparation for the project appraisal of the project negotiations related to the project implementation and supervision  of the project and ex-post evaluation  

B. UNIDO - The UNIDO model features three major stages which are also broken down into various steps.

Pre-investment phase

This phase is further divided into:

A study of the opportunity presented. This has to do with identifying ideas to be invested in. Pre-feasibility study. This stage involves the formulation, and selection of project alternatives) Feasibility study. When the project is selected, then it is tested to economic feasibility. Submission of report on the evaluation          

    2. Investment phase  

This stage is further broken down into:

Project design stage: At this stage, the criteria for success, and key deliverables are spelt out. Construction stage  (For engineering or building projects) Pre-production marketing stage Training  of staff Kick-off stage  

  3. Operational phase  

This is also broken down into:  

Replacement of equipment  due to wear and tear or upgrade to better technologies

Development, invasion or liquidation states.

C. DEPSA stands for "Development Project Studies Authority".

This variant of the Project Lifecycle also consists of three major stages. They are:  

Pre-investment phase Investment and Operation

The DEPSA stage is very similar to the UNIDO project life cycle. Both are defined according to an Investment Cycle paradigm and that's the reason why you have pre-investment, investment and operations phase for both methodologies.  

Whilst the UNIDO model is more 'universal' in that it speaks to a wide range of businesses including engineering projects, DEPSA seems a little skewed towards engineering projects.  

This is evident in the terminologies used in the investment phases. With DEPSA you would notice terms like 'detailed engineering design'

'construction', and 'erection'. The UNIDO the investment phase contains engineering terms but also speaks to 'marketing' and 'training'  

While the BAUM project lifecycle contains all the basic stages in the DEPSA and UNIDO life cycles, it holds a universal outlook and seems applicable to both business and engineering projects.

Cheers!

The basic similarities and differences between the BAUM, UNIDO, DEPSA project life cycles are shown below:

The basic similarities between them all is that:

They are all project development cycles

The basic differences between them is that:

They develop their respective programs in different phases.

With this in mind, we know that a project development cycle has to do with the ways in which potential opportunities are identified and the various steps which a project manager has to take in order to take advantage of the project and make it a reality.

Read more about project life cycle here:

https://brainly.com/question/25231696

Choose the best answer:
O Investment decisions should be based upon the criterion that a project's expected return must be less than the weighted marginal cost of capital (WMCC) for the firm.
O The weighted average cost of capital will rise whenever there is a rise in the cost of any one of the capital sources.
O The level of total financing at which the cost of one of the capital sources rises is called a breaking point.
O All statements are correct.
O All statements are incorrect.

Answers

Answer:

Option B is correct.

Explanation:

Option A is incorrect because the expected return must be greater than the marginal cost of the capital which means that the Net Present Value must be positive.

Option B is correct because the increase in cost of debt or capital would increase the weighted average cost of capital. This is because weighted average cost of capital is directly proportional to cost of capital sources.

Option C is incorrect because its not the cost of one of the capital sources, actually it is the weighted average cost of capital which when starts increasing at a point due to increase in the level of financing is known as breaking point.

So the only statement that is correct is option B.

Kindly don't forget to rate the answer. Thanks

The quality assurance manager is assessing the capability of a process that puts pressurized grease in an aerosol can. The design specifications call for an average of 60 pounds per square inch of pressure in each can, with an upper specification limit of 65 psi and a lower specification limit of 55 psi. A sample is taken from production and it is found that the cans average 61 psi, with a standard deviation of 2 psi. Also, the process will stop if the process starts making cans that are more than three standard deviations above or below the average. What is the capability index of this production process?

Answers

Answer:

A sample is taken from production and it is found that the cans average 61 psi with a standard deviation of 2 psi.

Explanation:

After the checks of the QC manager, it is deduced that a sample is been taken from the production and it is also found that the kergs average 61 psi woth a standard deviation of 2 psi.

Hydraulic fittings are available in threaded, thread-forming, rivet and drive styles. They are available in different angled configurations and a wide variety of extension lengths to allow you to position the fitting for easy access with a grease gun on different types of equipment.

Another factor to consider is the type of grease fittings used in the facility. Most fittings have a ball check in the head of the fitting, which prevents dirt from getting to the bearing. The spherical contour of the fitting head provides a ball-and-socket joint between the fitting and the hydraulic coupler of the grease gun. The most common fitting is the hydraulic fitting, available in standard and metric sizes.

When actual output exceeds potential, firms have an easy time keeping production in line with the high demand. Firms therefore lower their prices by more than the usual amount in an attempt to cover increased production costs. When actual output falls below potential, firms easily keep production in line with the high demand. Firms therefore raise their prices by more than the usual amount in an attempt to cover increased production costs. When actual output exceeds potential, firms struggle to keep production in line with the high demand. Firms therefore raise their prices by more than the usual amount in an attempt to cover increased production costs. When actual output exceeds potential, firms struggle to keep production in line with the high demand. Firms therefore lower their prices with decreased production costs.

A. True
B. False

Answers

Answer: When actual output exceeds potential

Firms raise their prices by more than the usual amount in an attempt to cover increased production costs.

Explanation: The price level rises because employers have to raise wage rates to entice more people into the labor market and employers have to pay more for other inputs that become more expensive to produce.

The Pet Company has recently discovered a type of rock which, when crushed, is extremely absorbent. It is expected that the firm will experience (beginning now) an unusually high growth rate (20%) during the period (3 years) when it has exclusive rights to the property where this rock can be found. However, beginning with the fourth year the firm's competition will have access to the material, and from that time on the firm will assume a normal growth rate of 8% annually. During the rapid growth period, the firm's dividend payout ratio will be relatively low (20%), to conserve funds for reinvestment. However, the decrease in growth will be accompanied by an increase in dividend payout to 50%. Last year's earnings were $2.00 per share (E0) and the firm's cost of equity is 10%. What should be the current price of the common stock?

Answers

Answer:

$70.26

Explanation:

Dividend payout ratio = Dividend per share / Earning per share

r = cost of equity = 10%, or 0.10

Discounting factor = 1 /(1 + r)^n

n = year

a. For during the rapid growth period

Dividend payout ratio = 20%, or 0.20

Growth rate = 20%, or 0.20

Earnings per share in year 1 =  Last year's earnings per share * (1 + Growth rate) = $2 * (1 + 0.20) = $2.40 per share

Dividend per share in year 1 = Dividend payout ratio * Earning per share in year 1 = 0.20 * $2.40 = $0.48 per share

PV of year 1 dividend per share = $0.48 * (1/1.10^1) = $0.436363636363636

Earnings per share in year 2 =  Earnings per share in year 1 * (1 + Growth rate) = $2.40 * (1 + 0.20) = $2.88 per share

Dividend per share in year 2 = Dividend payout ratio * Earning per share in year 2 = 0.20 * $2.88 = $0.5760 per share

PV of year 2 dividend per share = $0.5760 * (1/1.10^2) = $ 0.47603305785124

Earnings per share in year 3 =  Earnings per share in year 2 * (1 + Growth rate) = $2.88 * (1 + 0.20) = $3.4560 per share

Dividend per share in year 3 = Dividend payout ratio * Earning per share in year 3 = 0.20 * $3.4560 = $0.6912 per share

PV of year 3 dividend per share = $0.6912 * (1/1.10^3) = $0.51930879038317

b. For during the slow growth period

Dividend payout ratio = 50%, or 0.50

Growth rate = 8%, or 0.08

Earnings per share in year 4 =  Earnings per share in year 3 * (1 + Growth rate during slow growth) = $3.4560 * (1 + 0.08) = $3.73248

Dividend per share in year 4 = Dividend payout ratio * Earning per share in year 4 = 0.50 * $3.73248 = $1.86624 per share

Dividend per share in year 5 = Dividend per share in year 4 * (1 + Growth rate during slow growth) = $1.86624 * (1 + 0.08) = $2.0155392

Stock price in year 4 = Dividend per share in year 5 / (r - Growth rate during slow growth) = $2.0155392 / (0.10 - 0.08) = $100.77696

PV of stock price in year 4 = $100.77696 * (1/1.10^4) = 68.8320196707875

c. Calculation of the current price of the common stock

Current price of the common stock = PV of year 1 dividend per share + PV of year 2 dividend per share + PV of year 3 dividend per share + PV of stock price in year 4 = $0.436363636363636 + $0.47603305785124 + $0.51930879038317 + $68.8320196707875 = $70.26

Therefore, the current price of the common stock is $70.26.

Baldwin has a new design for their product Bill next round that can reduce their material cost of producing units from $8.14 to $7.32. Baldwin passes on half of all cost savings by cutting the current price to customers. For simplicity:
- Use current labor costs of $4.17
- Assume all period costs as reported on Baldwin's Income Statement (Annual Rpt Pg 2) will remain the same.

Determine how many units (000) of product Bill would need to be sold next round to break even on the product.

Answers

Answer:

Hie, the information you have provided is incomplete.

However important information is explained as follows :

To calculate Break - even Point use the formula;

Break even Point (units) = Total Budgeted Fixed Costs / Contribution per unit

Break even Point is the level of operation at which a firm neither makes a profit nor a loss.

Contribution is Calculated as :

Sales : No information                                xxxx

Less Variable Costs ( Materials + Labor) $11,49

Contribution per unit                                   xxxx

c. Jessica Tate borrows $2,000 at a 10 percent add-on rate for two years. What is the finance charge?

Answers

Answer:

$400.

Explanation:

The simple interest is given by the formula below;

[tex]I = PRT[/tex]

Where;

I = Interest or Finance charge.

P = Principal

.

R = Rate.

T = Time (in years).

Given the following parameters;

I =?,

P = $2,000

R = 10% = 0.1

T = 2 years

Substituting into the formula, we have;

I = 2000 * 0.1 * 2

I = $400.

Hence, the finance charge is $400.

In late December you​ decide, for tax​ purposes, to sell a losing position that you hold in​ Twitter, which is listed on the​ NYSE, so that you can capture the loss and use it to offset some capital​ gains, thus reducing your taxes for the current year.​ However, since you still believe that Twitter is a good​ long-term investment, you wish to buy back your position in February the following year. To get this done you call your Charles Schwab brokerage account manager and request that he immediately sell your 1 comma 200 shares of Twitter and then in early February buy them back. Charles Schwab charges a commission of ​$4.95 for online stock trades and for​ broker-assisted trades there is an additional ​$25 service​ charge, so the total commission is ​$29.95.

a. Suppose that your total transaction costs for selling the 1,400 shares of Twitter in December were $59.95. What was the bid/ask spread for Twitter at the time your trade was executed?
b. Given that Twitter is listed on the NYSE, do your total transaction costs for December seem reasonable? Explain why or why not.
c. When your February statement arrives in the mail, you see that your total transaction costs for buying the 1,400 shares of Twitter were $47.95. What was the bid/ask spread for Twitter at the time your trade was executed?
d. What are your total round-trip transaction costs for both selling and buying the shares, and what could you have done differently to reduce the total costs?

Answers

Answer:

a. The Bid/Ask spread is $0.03.

b. The statement is “False”.

c. The Bid/Ask spread at the time trade was executed is $0.02.

d. The Total Round-Trip Transaction Costs is $107.90 and the Bid/Ask spread is $0.09. It is important to have a lower commission charge. So the correct statement is “Statement C”.

Explanation:

Please check the file attached below to see the solution to given question

What are the four basic operating principles of the information processing cycle?
information, storage, input, processing
gathering, input, output, processing
input, gathering, software, output
input, processing, output, storage

Answers

Answer:

the answer is D

Explanation:

input, processing , output, and storage

The four basic operating principles of the information processing cycle are - Input, processing, output, and storage. Therefore, (D) is the correct option.

What is Information processing?

Information processing is a method of capturing information in using it in the desired manner. In present times, this term is generally used for computer-based operations.

The information processing cycle is a method to process the obtained information. Input, processing, output, and storage are the four major principles of the information processing cycle. Therefore, (D) is the correct option.

To know more about, Information processing, visit the link below:

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Yvette is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because her pool sessions are helping her swim more quickly, Yvette plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool.
Which basic principle of individual choice does Yvette's plan illustrate that her husband's advice does not?

a. People usually exploit opportunities to make themselves better off.
b. Resources are scarce.
c. Many decisions are made on the margin.
d. All costs are opportunity costs.

Answers

Answer:

The correct answer is the option D: All costs are opportunity costs.

Explanation:

To begin with, the fact that Yvette is looking forward to reduce only one hour of her training on the bike in order to add one hour to her training on the pool and later her husband says that she should use all her hours for the training in the pool is showing a situation where her husband's advice does not illustrate a basic principle of individuals choices that is that all the costs are opportunity costs and therefore that if she decides to do that then she would be sacrifying the time for the other trainings and that would not benefit her. So that is why she must choose to sacrifice time in one training to do another and so on.

Strategic thinking is different from strategic planning in that ________.
A) strategic thinking relies more on hard data than strategic planning.
B) strategic thinking is regimented and confining, whereas strategic planning is more flexible.
C) strategic thinking includes all types of information sources while strategic planning does not.
D) strategic thinking can create an illusion of control, whereas strategic planning avoids this.

Answers

Answer:

C) strategic thinking includes all types of information sources while strategic planning does not.

Explanation:

The strategic thinking is the process in which the lower level of management involves which make the needs according to the company needs. In this, the managers focused on all types of information regarding the employee qualifications, skills, expertise etc and other matters of the company.

While on the other hand, the strategic planning is done by high level of management that involves the big decision of the company through which the company future could become better. Moreover it does not involves all types of information but involves only important matters i.e to be used for the long run  

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