The company's present value would be roughly $51,476.27 based on the projected income for the following nine years and an ongoing compound interest rate of 7%.
To calculate the present value of the business based on the next 9 years of income, we need to use the continuous compounding formula: PV = FV / e^(rt) Where PV is the present value, FV is the future value, r is the interest rate, and t is the time period. In this case, the future value is $10,000 per year for 9 years, which equals $90,000. The interest rate is 7% and the time period is 9 years.
Using the formula, we get: PV = $90,000 / e^(0.07 x 9) PV = $90,000 / e^0.63 PV = $51,476.27 Therefore, based on the next 9 years of income and a continuous compounding interest rate of 7%, the business would be worth approximately $51,476.27 now.
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Zeus Enterprises, a cloud-computing firm, just recruited an entirely new board of directors. None of the board members are Zeus employees or have family or business ties with the company’s ownership. The company wanted to ensure that the board had technical expertise in cloud-computing, so all members have a background in information technology. Based on what you know about corporate governance, how would you rank Zeus’s board of directors and why?
Zeus Enterprises appears to have a strong board of directors based on the information provided. The fact that none of the members have personal or business ties to the company's ownership suggests that the board is independent and less likely to be influenced by outside interests.
Additionally, the focus on recruiting individuals with technical expertise in cloud-computing demonstrates that the board has the necessary knowledge and skills to make informed decisions about the company's operations.
However, it is important to note that there are other factors that contribute to effective corporate governance beyond the composition of the board. For example, the board's processes for decision-making, transparency, and accountability are also critical.
Therefore, it would be beneficial to know more about these aspects of Zeus's corporate governance practices before making a definitive ranking.
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Prepare journal entries to record the following production activities for Hotwax. a. Incurred $105,000 of direct labor in its Mixing department and $95,000 of direct labor in its Shaping department. Hint: Credit Factory Wages Payable. b. Incurred indirect labor of $25,000. Hint: Credit Factory Wages Payable.
a. Debit Mixing Department Direct Labor and Shaping Department Direct Labor for $105,000 and $95,000 respectively; credit Factory Wages Payable for $200,000.
b. Debit Manufacturing Overhead for $25,000; credit Factory Wages Payable for $25,000.
To record the direct labor incurred in both the Mixing and Shaping departments, you need to make the following journal entries:
a. Mixing Department Direct Labor (Debit) - $105,000
Shaping Department Direct Labor (Debit) - $95,000
Factory Wages Payable (Credit) - $200,000
These entries show that $105,000 of direct labor was incurred in the Mixing department and $95,000 in the Shaping department, and both amounts are credited to Factory Wages Payable, totaling $200,000.
For the indirect labor incurred:
b. Manufacturing Overhead (Debit) - $25,000
Factory Wages Payable (Credit) - $25,000
This entry shows that $25,000 of indirect labor was incurred and charged to Manufacturing Overhead, with a credit to Factory Wages Payable.
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If leader-subordinate relations are good, position power is low and task structure is high, the situation would be categorized as Group of answer choices favorable. medium favorable. unfavorable. controlled.
Based on the scenario, the situation would be categorized as favourable. When leader-subordinate relations are good, it means that there is trust and mutual respect between the leader and their subordinates.
This facilitates communication and cooperation, leading to better task performance and higher job satisfaction. Additionally, when task structure is high, it means that the tasks are well-defined, and there are clear expectations of what needs to be done. This reduces uncertainty and ambiguity, leading to more efficient work processes.
Although position power is low in this scenario, this is not necessarily a negative aspect. Leaders who rely solely on their position power to influence their subordinates may experience resistance or rebellion, whereas leaders who focus on building positive relationships can motivate their subordinates to perform at a higher level. In summary, a combination of good leader-subordinate relations, high task structure, and low position power creates a favourable situation where both leaders and subordinates can thrive.
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An instructor compares business norms to a sporting event, such as basketball or soccer. Which aspect of the sporting event would represent norms
An instructor compares business norms to a sporting event, such as basketball or soccer Deindividuation is the term used to describe Jacob's loss of self-awareness and self-control during a major sporting event.
Deindividuation is a phenomena where people act impulsively, abnormally, and even aggressively when they feel they can't be individually recognised (for example, in crowds, groups, and online).
Deindividuation occurs when people identify with a group that is more important to them than their own personal identity and sense of self. Deindividuation has a tendency to stifle disagreement and critical thinking, which could lead to a mob mentality.People consequently become less aware of their own internal behavioural norms, which will also make them act more impulsively. Therefore, it is argued that deindividuation has an impact on behaviour by reducing the level of explicit control that people have over their thoughts and actions.
Complete question:
An instructor compares business norms to a sporting event, such as basketball or soccer. Which aspect of the sporting event would represent norms of Deindividuation?
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what was one of the factors that caused the saving and loan crisis in the late 1980s and early 1990s
One of the major factors that led to the savings and loan crisis in the late 1980s and early 1990s was the relaxed regulations on the savings and loan industry.
In the 1970s and 1980s, the government loosened restrictions on the types of investments that savings and loan institutions could make. This led to many savings and loan institutions investing in risky ventures such as real estate development projects, which ultimately proved to be unsuccessful. When these investments failed, many savings and loan institutions became insolvent and had to be bailed out by the government, resulting in a financial crisis.
In the case of the Savings and Loan Crisis, deregulation allowed savings and loan institutions to engage in riskier lending practices and investments, leading to a higher rate of loan defaults and financial instability. This ultimately contributed to the collapse of many savings and loan institutions and the need for a government bailout.
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________ are large stores that combine an economy supermarket with other lower-priced non-food merchandise.
Supercenters are large stores that combine an economy supermarket with other lower-priced non-food merchandise.
The term that describes large stores that combine an economy supermarket with other lower-priced non-food merchandise is "supercenter."
Hypermarkets are large stores that combine an economy supermarket with other lower-priced non-food merchandise. These stores offer a wide variety of products, including groceries, clothing, and household items, all at competitive prices.
These stores are typically operated by major retailers such as Walmart and Target, and offer a wide range of products including groceries, clothing, electronics, home goods, and more at discounted prices.
Supercenters have become increasingly popular in recent years, as they provide a convenient one-stop shopping experience for consumers looking to save money on their household purchases.
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Janine is a 45-year-old accountant who has considerable experience in working as a consultant with firms who are undergoing mergers and acquisitions. Recently one of the firms she successfully helped through a difficult acquisition has offered her a position as Vice President. She has never managed a major corporate division before. Based on what you know about women leaders, what would you predict about her leadership style
Based on what we know about women leaders, we can predict that Janine's leadership style as a Vice President may exhibit certain common traits that include collaborative decision-making, effective communication, emotional intelligence, and a people-oriented approach.
In her new role, Janine may focus on fostering a team-oriented environment, encouraging open communication and cooperation among team members. She might prioritize building relationships and nurturing talent, which could contribute to employee satisfaction and improved performance.
As a 45-year-old accountant with experience in mergers and acquisitions, Janine would likely bring her expertise to the table and make informed, strategic decisions for the company. Additionally, her background as a consultant may give her the ability to adapt to new situations and solve problems effectively.
It's essential to note that individual leadership styles vary, and not all women leaders exhibit the same traits. However, these predictions are based on common trends observed among female leaders in various industries. Ultimately, Janine's success as a Vice President will depend on her ability to leverage her strengths, adapt to the role, and effectively lead her team.
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Polaris, a manufacturer of snowmobiles, motorcycles, watercraft, and off-road vehicles, shares manufacturing operations across its businesses. It also has a corporate research and development facility and staff departments that support all the Polaris operating divisions. This is an example of creating value by using
This is an example of creating value by using the concept of synergies.
By sharing manufacturing operations, research and development, and staff departments across its various businesses, Polaris is able to achieve cost savings, increase efficiency, and leverage knowledge and expertise across the organization. This approach helps to streamline operations and allows the company to develop and bring new products to market more quickly and efficiently.
Additionally, by sharing resources and expertise, Polaris is able to build a stronger, more cohesive corporate culture, which can lead to greater innovation and improved performance. Overall, the synergies created by Polaris through its shared manufacturing operations and corporate support departments are a key driver of the company's success and competitive advantage in the marketplace.
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Your nextdoor neighbor, a kind, elderly lady, just discovered that her stock account had been excessively traded in an inappropriate manner, mainly to generate excess commissions. This is an example of
This is an example of churning.
Churning is a practice in which a broker engages in excessive trading in a client's account primarily to generate commissions. This practice is considered illegal and unethical as it does not benefit the client and can result in financial harm.
In this case, the elderly lady's broker has engaged in churning by excessively trading in her account, which has resulted in unnecessary fees and potentially even losses.
It is important for investors to be aware of such practices and to work with reputable and trustworthy brokers to avoid falling victim to unethical practices like churning.
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Why do you believe that the instructions asked you to research data on the employment per 1,000 jobs
Using employment per 1,000 jobs can provide a standardized and meaningful measure of employment that accounts for differences in population and workforce size, making it a useful tool for analyzing .
However, it is possible that the instructions asked you to research data on employment per 1,000 jobs to provide a standardized measure of employment that accounts for differences in population and workforce size between different regions or industries. Using employment per 1,000 jobs allows for more meaningful comparisons of employment levels between different regions or industries. For example, a region with a higher population and workforce size may have more total jobs than a region with a lower population and workforce size, but looking at employment per 1,000 jobs would give a more accurate representation of the employment rate in each region.
Additionally, employment per 1,000 jobs can be useful for tracking changes in employment levels over time or identifying trends in the job market. By comparing employment levels over time or across industries, policymakers, businesses, and analysts can identify areas of job growth or decline and make informed decisions about workforce development and investment. Overall, using employment per 1,000 jobs can provide a standardized and meaningful measure of employment that accounts for differences in population and workforce size, making it a useful tool for analyzing and understanding employment trends.
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Brushes and Co. produces toothbrushes and is considering adding a new production line with newer technology. This process is consistent with ________ decisions because ________.
However, assuming that the question is referring to strategic decisions, the addition of a new production line with newer technology would be consistent with strategic decisions.
It involves evaluating long-term goals and objectives, assessing potential risks and benefits, and making decisions that will impact the overall direction and success of the company. This type of decision-making process often involves gathering and analyzing a significant amount of data and information, considering multiple alternatives, and carefully weighing the pros and cons before making a final decision. Therefore, a long answer to this question would likely involve a discussion of the strategic decision-making process and how the addition of a new production line fits into that process.
Brushes and Co.'s consideration of adding a new production line with newer technology is consistent with "capital budgeting" decisions because these decisions involve the evaluation and selection of long-term investment projects that will generate cash flows and contribute to the growth and profitability of the company. In capital budgeting, businesses assess the potential returns and risks of investment projects to determine which ones are worth pursuing. In this case, Brushes and Co. are analyzing whether investing in a new production line will provide a favorable return on investment and align with the company's long-term goals.
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A seller's reservation price is generally equal to: the buyer's reservation price. the seller's average cost. the seller's marginal cost. the market price
This price is determined by a variety of factors, including the seller's average cost and marginal cost of producing the item, as well as the current market price.
A seller's reservation price is the minimum price they are willing to accept for their product or service.
In some cases, the seller's reservation price may be equal to the buyer's reservation price, indicating that both parties are willing to agree on the same price for the transaction.
However, this is not always the case, as the seller's costs and market demand can influence their reservation price. Ultimately, the seller's reservation price is a critical factor in determining the success of a sale and must be carefully considered in any negotiation.
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You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.29 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio
The beta of the second stock in the portfolio must be approximately 1.274 in order for the portfolio to be equally as risky as the market, given that the beta of the first stock is 1.29.
Let's use the following variables to represent the portfolio weights and betas:
- w: weight of the risky assets in the portfolio (i.e., the combined weight of the two stocks)
- β1: beta of the first stock
- β2: beta of the second stock
Since the portfolio is equally invested in the risk-free asset and the two stocks, we know that the weight of each stock is w/2.
Since the portfolio is equally as risky as the market, we can use the following equation to solve for w:
1 = w/2 x β1 + w/2 x β2 + (1 - w) x 0
The first two terms represent the systematic risk of the two stocks, while the third term represents the risk-free asset with a beta of 0.
Simplifying the equation, we get:
1 = w/2 x (β1 + β2)
Rearranging, we get:
w = 2 / (β1 + β2)
We also know that the beta of the portfolio is the weighted average of the betas of the individual assets:
1.00 = w/2 x 0 + w/2 x 1.29 + (1 - w) x 0
1.00 = w/2 x 1.29
w = 0.78
Substituting w = 0.78 into the equation we derived earlier, we can solve for β2:
0.78 = 2 / (β1 + β2)
β1 + β2 = 2 / 0.78
β1 + β2 = 2.564
Since we know that β1 = 1.29, we can solve for β2:
β2 = 2.564 - 1.29
β2 = 1.274
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True or False: Without government regulation, natural monopolies never earn zero profit in the long run. True False
Without government regulation, natural monopolies never earn zero profit in the long run. False
Without government regulation, natural monopolies can still earn zero profit in the long run if there is sufficient competition from potential entrants or if there is a threat of entry. Natural monopolies are characterized by economies of scale, which means that their average costs decrease as they produce more output. However, this does not necessarily mean that they will earn excessive profits in the long run if there is competition or the threat of entry from other firms.
In the absence of regulation, potential competitors may enter the market if they can achieve similar economies of scale or if they can offer a differentiated product that is more attractive to consumers. As a result, the natural monopoly may face competitive pressures that limit its ability to earn excessive profits.
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Which of the following would not be considered a common pool resource good? A. Streetlight B. Public pool C. Park bench D. All of these choices are correct.
A common pool resource (CPR) is a resource that is non-excludable and rivalrous in consumption, meaning that it is available for use by anyone and its use by one person diminishes the amount available to others. Based on this definition, a streetlight, public pool, and park bench can all be considered common pool resources.
However, if we look closely, a streetlight is not really a CPR. Although it is available for use by anyone, its consumption is not rivalrous. One person using the streetlight does not reduce its availability to others. Therefore, the correct answer is A. Streetlight.
In summary, a common pool resource good is one that is non-excludable and rivalrous, and a streetlight does not meet the criteria of being rivalrous. The other options, public pool and park bench, are considered common pool resources.
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If the hourly price of capital is $40 and the hourly wage rate is $10, which production technology should be selected
With an hourly capital cost of $40 and an hourly wage rate of $10, a firm should generally consider a labor-intensive production technology to minimize costs. However, it is crucial to evaluate other factors such as efficiency and productivity before making a final decision.
Based on the given information, we can determine which production technology should be selected by comparing the costs associated with capital and labor. The hourly price of capital is $40, while the hourly wage rate is $10. This means that, per hour, capital is four times more expensive than labor.
To decide which production technology to select, a firm should analyze its production process and identify the technology that minimizes its costs. If technology is labor-intensive, it will rely more on workers and less on capital equipment. On the other hand, a capital-intensive technology relies more on capital equipment and less on labor.
Considering the cost differences between capital and labor, a firm should lean towards selecting a labor-intensive technology, as it would result in lower production costs. However, this decision also depends on factors such as productivity, efficiency, and the specific requirements of the production process.
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One advantage of using ______ to shop compared to ______ is that it is much easier to comparison shop for the best price. Multiple choice question. the Internet; retail stores catalogs; the Internet retail stores; the Internet retail stores; catalogs
The correct answer to the multiple choice question is "the Internet; retail stores." One advantage of using the Internet to shop compared to retail stores is that it is much easier to comparison shop for the best price.
The Internet provides shoppers with a vast array of options to choose from, allowing them to compare prices and products from various retailers all in one place. This means that shoppers can quickly and easily find the best deal without having to physically visit multiple retail stores. Additionally, many online retailers offer special promotions, discounts, and deals that are not available in stores, providing an added advantage to shopping online.
Catalogs, on the other hand, are a more traditional form of shopping that can be used in conjunction with either retail stores or the Internet. Catalogs offer a convenient way for shoppers to browse through products and make purchases from the comfort of their own home. However, catalogs do not offer the same level of comparison shopping as the Internet, as shoppers are typically limited to the products and prices offered by the specific catalog they are using.
Overall, the Internet provides a significant advantage to shoppers when it comes to comparison shopping for the best price. Its vast array of options and ease of use make it an ideal platform for finding the best deals and discounts, making it a popular choice for many modern consumers. So, the correct answer to the multiple choice question is "the Internet; retail stores."
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If you are writing a letter using company stationery, which piece of information is most likely to be provided so that you do not have to type it
When using company stationery to write a letter, the most likely piece of information that would be provided to avoid typing it is the company's contact information.
This information would typically include the company's name, address, phone number, and possibly even their email and website. By having this information pre-printed on the stationery, it saves time and ensures that the letter is professional-looking and consistent with the company's branding. When using this stationery, you can then focus on composing the content of the letter without having to worry about typing in the company's contact details. In addition to contact information, some company stationery may also include the company's logo, slogan, or other design elements to further enhance their brand image.
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The​ ________ is a common stock​ indicator, consisting of 30 large industrial​ firms, and is used to indicate how well stocks have done.
The answer to the question is that the indicator you are referring to is the Dow Jones Industrial Average (DJIA). It is a widely used benchmark for tracking the performance of the stock market.
The DJIA is composed of 30 large, publicly traded companies in the United States, primarily in the industrial sector. These companies are chosen by the Wall Street Journal's editors based on their size, stability, and reputation. The DJIA is often used as a barometer for the overall health of the U.S. economy and investor sentiment. However, it should be noted that the DJIA only tracks a small fraction of the overall stock market and may not always reflect broader market trends.
The Dow Jones Industrial Average (DJIA) is the common stock indicator you're referring to, consisting of 30 large industrial firms and used to indicate stock performance. The DJIA represents the performance of these 30 companies' stocks and serves as a benchmark for the overall health of the stock market and the economy.
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The owner of a food truck monitors employee efficiency by counting the number of customers served and the cost of goods sold. This is an example of _______ control.
In this scenario, The owner of a food truck monitors employee efficiency by counting the number of customers served and the cost of goods sold. This is example of output control.
The food truck owner is implementing output control, which is a management technique that focuses on monitoring and measuring the results produced by employees in order to assess their efficiency and effectiveness.
Output control involves evaluating the performance of employees based on the tangible outcomes they produce, such as the number of customers served or the cost of goods sold. By counting these variables, the food truck owner can track the productivity of their team and make informed decisions regarding staffing, employee incentives, and overall operational strategy.
In summary, output control is a valuable management tool that the food truck owner is using to monitor employee efficiency. By measuring key performance indicators such as the number of customers served and the cost of goods sold, the owner can evaluate employee performance and make data-driven decisions to optimize the operations of the food truck.
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True or False: If Brian's Fire Engines were a competitive firm instead and $70,000 were the market price for an engine, increasing its production would not affect the price at which he can sell engines.
It is True that If Brian's Fire Engines were a competitive firm instead and $70,000 were the market price for an engine, increasing its production would not affect the price at which he can sell engines.
In a perfectly competitive market, firms are price takers and have no market power to affect the market price. Therefore, increasing production would not affect the market price at which a firm like Brian's Fire Engines can sell its engines. The market price is determined by the intersection of the industry's supply and demand curves, and individual firms have no influence over that price.
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The specific identification method (select all that apply): Multiple select question. would be beneficial to a company that makes fine jewelry is not an acceptable method of accounting would be beneficial to a company that makes inexpensive products with high sales volume matches each unit of inventory with its actual cost
The specific identification method: Option 3 and 4 are Correct.
would be beneficial to a company that makes fine jewelrymatches each unit of inventory with its actual costTo monitor individual inventory goods, the unique identification approach is employed. When individual objects can be readily recognised, such as when they have a serial number, stamped receipt date, bar code, or RFID tag, this technique is appropriate.
The precise identification technique refers to inventory valuation, especially maintaining track of each distinct item in stock and allocating expenses per item rather than as a group. When a business is able to recognise, mark, and keep track of each item or unit in its inventory, it is functional and useable.
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Correct Question:
The specific identification method (select all that apply): Multiple select question.
1. would be beneficial to a company that makes fine jewelry
2. is not an acceptable method of accounting
3. would be beneficial to a company that makes inexpensive products with high sales volume
4. matches each unit of inventory with its actual cost
_____________ is the unification of business processes previously performed as separate activities, in order to create cohesive and streamlined business processes.
Business process integration is the unification of business processes previously performed as separate activities, in order to create cohesive and streamlined business processes.
The term that describes the unification of business processes previously performed as separate activities is business process integration. This involves the combining of different processes, such as finance, sales, marketing, and customer service, into one cohesive and streamlined system.
The aim of business process integration is to enhance communication and collaboration between different departments within an organization, resulting in more efficient and effective business operations.
Business process integration is typically achieved through the implementation of enterprise resource planning (ERP) systems or other software solutions that enable data sharing and process automation across different departments. By integrating business processes, companies can reduce redundancies and errors, improve data accuracy and consistency, and increase productivity and profitability.
Additionally, business process integration can enable companies to better respond to changing market conditions and customer needs, as well as streamline decision-making processes. It also provides a platform for continuous improvement and innovation, as companies can analyze data and identify areas for optimization and growth.
In summary, business process integration is a critical component of modern business operations, enabling companies to operate more efficiently and effectively in a fast-paced and competitive global marketplace.
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After reviewing the arguments and counterarguments for spending public money to subsidize stadiums and pro sport team owners, the author concludes that
After reviewing the arguments and counterarguments for spending public money to subsidize stadiums and pro sport team owners, the author may conclude that while there are some potential benefits to the local economy and community.
There are also significant drawbacks and uncertainties, such as the potential for increased traffic and environmental impacts, and the questionable return on investment for taxpayers. Additionally, there may be valid counterarguments that suggest that private investors and team owners should be responsible for funding their own facilities, rather than relying on public funds. Ultimately, the decision to subsidize sports stadiums should be carefully evaluated on a case-by-case basis, considering both the potential benefits and drawbacks, and taking into account the opinions and priorities of the local community.
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The board of directors of Capstone Inc. declared a $0.70 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 30,000 shares issued, and 3,400 shares held as treasury stock. What is the entry for the dividend declaration
The entry for the dividend declaration is as follows:
Retained Earnings (or Dividends Payable) $21,000
Common Stock Dividend $21,000
This entry records the declaration of the cash dividend of $0.70 per share on Capstone Inc.'s $1 par common stock. The calculation for the amount of the dividend is:
Dividend per share x Number of outstanding shares = $0.70 x (30,000 - 3,400) = $0.70 x 26,600 = $18,620
However, the entry records the total amount of the dividend, which is $21,000. This is because the dividend is rounded up to the nearest whole dollar.
The amount is debited to Retained Earnings if the company is using the residual dividend policy, or to Dividends Payable if the company is using the stable dividend policy. The credit is to Common Stock Dividend, which is a temporary account that is closed to Retained Earnings at the end of the accounting period.
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____________ is a measure of the work performed expressed in terms of the budget authorized for that work.
Earned value management is a measure of the work performed expressed in terms of the budget authorized for that work.
Earned value management is a project management technique used to track the progress of a project by comparing the amount of work completed against the budget authorized for that work. It measures the value of the work completed to date, expressed in terms of the budget authorized for that work.
This provides an accurate indication of how the project is progressing and helps project managers identify any variances from the original plan.
The earned value management technique involves tracking three key metrics: planned value (PV), actual cost (AC), and earned value (EV). PV represents the budgeted cost of the work scheduled to be completed, AC represents the actual cost incurred to date, and EV represents the value of the work completed to date.
By comparing these metrics, project managers can calculate metrics such as cost variance (CV) and schedule variance (SV), which indicate how well the project is tracking against the original plan.
Overall, earned value management is a valuable tool for project managers to track the progress of a project and ensure that it stays within budget and on schedule.
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Wildhorse Company purchased a hot tub for $11,790 on January 1, 2016. Straight-line depreciation is used, based on a 6-year life and a $1,890 salvage value. In 2018, the estimates are revised. Wildhorse now feels the hot tub will be used until December 31, 2020, when it can be sold for $885. Compute the 2018 depreciation.
The 2018 depreciation expense for the hot tub is $2,635. The hot tub was purchased on January 1, 2016, and has a 6-year life with a $1,890 salvage value.
The hot tub was purchased on January 1, 2016, and has a 6-year life with a $1,890 salvage value. Therefore, the annual depreciation expense is calculated as follows:
Annual depreciation expense = (Cost - Salvage value) / Life
Annual depreciation expense = ($11,790 - $1,890) / 6
Annual depreciation expense = $1,500
As of January 1, 2018, the hot tub has been in use for 2 years.
Therefore, the remaining useful life of the hot tub is 4 years (6 years - 2 years).
To calculate the 2018 depreciation expense, we need to determine the book value of the hot tub as of January 1, 2018. The book value is the original cost minus accumulated depreciation.
Accumulated depreciation = Annual depreciation expense x Number of years in use
Accumulated depreciation = $1,500 x 2
Accumulated depreciation = $3,000
Book value = Cost - Accumulated depreciation
Book value = $11,790 - $3,000
Book value = $8,790
Now that we have the book value as of January 1, 2018 and the remaining useful life of the hot tub, we can calculate the 2018 depreciation expense using the straight-line method.
Annual depreciation expense = (Book value - Salvage value) / Remaining useful life
Annual depreciation expense = ($8,790 - $885) / 3
Annual depreciation expense = $2,635
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Leo Calvin is required to have ______ taxes withheld from his pay in order to cover the cost of future retirement, disability, and survivorship and medical expenses.
Leo Calvin is required to have Social Security and Medicare taxes withheld from his pay in order to cover the cost of future retirement, disability, and survivorship and medical expenses.
Social Security taxes are collected to fund retirement, disability, and survivorship benefits for individuals and their families. Medicare taxes, on the other hand, fund healthcare expenses for individuals over the age of 65 or those with certain disabilities.
The amount of Social Security and Medicare taxes withheld from Leo Calvin's pay depends on his earnings and the current tax rates. In 2021, the Social Security tax rate is 6.2% for employees and employers, up to a maximum earnings limit of $142,800. The Medicare tax rate is 1.45% for employees and employers, with no maximum earnings limit.
In addition to these taxes, Leo Calvin may also be required to contribute to a retirement savings plan, such as a 401(k) or IRA, to further prepare for his future expenses. It is important for individuals to understand their tax obligations and retirement planning options to ensure they are financially prepared for the future.
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Suppose the FED decides to engage in expansionary monetary policy to pull the economy out of a recession. a. What changes in the reserve ratio, the discount rate, and the open-market operations would you recommend? Reserve ratio: Discount rate: Open market operations: b. Using a diagram of the money market, show what change, if any, this policy will have on the money supply, and the interest rate? c. Use the aggregate demand-aggregate supply model to show the effect of this policy on aggregate demand and also on the price-level.
If the FED decides to engage in expansionary monetary policy to pull the economy out of a recession, the recommended changes in the reserve ratio, the discount rate, and the open-market operations would be as follows:
1. Reserve Ratio: The FED should decrease the reserve ratio. This will increase the amount of money that banks can lend out and, therefore, increase the money supply.
2. Discount Rate: The FED should decrease the discount rate. This will make it cheaper for banks to borrow money from the FED, which will encourage them to lend more money to consumers and businesses.
3. Open Market Operations: The FED should engage in open market operations by buying government securities. This will inject new money into the economy, increasing the money supply.
a. The recommended changes in the reserve ratio, discount rate, and open-market operations will all help increase the money supply. By decreasing the reserve ratio, banks will have more money available to lend out, which will increase the money supply. By decreasing the discount rate, banks will be encouraged to borrow more money from the FED, which will increase the amount of money available to lend out. Finally, by buying government securities, the FED will inject new money into the economy, increasing the money supply.
b. With these policy changes, the money supply will increase, which will shift the money market graph to the right. This will cause interest rates to decrease, which will encourage borrowing and investment.
c. The expansion of the money supply will boost overall economic demand. As aggregate demand increases, businesses will increase production to meet the increased demand. This will lead to an increase in employment, output, and income.
a. - Reserve ratio: Decrease
- Discount rate: Decrease
- Open market operations: Purchase government securities
1. Lower the reserve ratio, which allows banks to lend more money, increasing the money supply.
2. Lower the discount rate, making it cheaper for banks to borrow money from the FED, encouraging lending and increasing the money supply.
3. Conduct open market operations by purchasing government securities, injecting money into the economy and increasing the money supply.
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The CEO and Chairman of the board of directors Alta Corp. is dismayed by a lack of effort and insights his directors provide during board meetings. The directors are all outsiders, experienced, and run their own successful firms. The CEO/chair genuinely seeks their greater involvement. What would you recommend
Clarify expectations: The CEO/chair could clarify the expectations for director participation and contribution during board meetings. This could include setting clear goals and objectives for each meeting, outlining the specific topics that will be discussed, and communicating the importance of active engagement and participation from each director.
Foster a culture of open communication: The CEO/chair could create an environment that encourages open communication and discussion during board meetings. This could involve creating opportunities for directors to share their perspectives, ideas, and concerns, and actively soliciting feedback from each director.
Provide training and development opportunities: The CEO/chair could offer training and development opportunities for directors to help them develop the skills and knowledge they need to be effective board members. This could include workshops, training sessions, and other educational resources that focus on topics such as governance best practices, financial management, and strategic planning.
Review board composition and structure: The CEO/chair could review the composition and structure of the board to ensure that it is aligned with the organization's strategic goals and objectives. This could involve assessing the skills and expertise of current board members, identifying any gaps or areas of overlap, and considering the addition or removal of directors as needed
Overall, it is important for the CEO/chair to be proactive in addressing any issues with director engagement and involvement. By clarifying expectations, fostering open communication, providing training and development opportunities, and reviewing board composition and structure, the CEO/chair can help ensure that the board is effective and fully engaged in the organization's strategic direction.
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