Answer:
Net income under variable costing $80,000
Explanation:
The computation of the net income using direct/variable costing is shown below:
Net income under absorption costing $60,000
Add fixed cost under applied $20,000
Net income under variable costing $80,000
Working
Beginning inventory 13000
Less ending inventory -8000
Decrease in inventory 5000
Now under applied inventory $20,000
which of the following would be included in the set of electrical plans for individual residence?
A. Individual romex cables
B. Power panels to be installed
C. routes of cables
D. Wire sizes
Answer:
A. Individual romex cables
Explanation:
Individual romex cables would be included in the set of electrical plans for individual residence.
This is because they are a non-metallic sheathed cables, and they are flexible electrical cables which are popularly used in residential setups.
This cable comes with two insulated wires that include a ground copper wire that ensures safe passage of electrical current in case of any unfortunate event.
HELP
Which of the following is not true of how you should give directions to a visitor or guest?
You should create a mental picture of the entire route in your mind and picture yourself walking or driving it along with the guest.
You should give a travel time estimate for the whole trip from start to finish instead of from landmark to landmark, since that gets confusing.
You should give your guest the simplest route, not the quickest, because you don't want them to get lost along the way.
You should ask the customer to repeat the directions back to you so you can make sure they have understood them properly.
Answer:
The statement "You should give your guest the simplest route, not the quickest, because you don't want them to get lost along the way." is not true. It is usually best to give the quickest route to the destination, as long as it is not too complicated or confusing. It is important to provide clear and concise directions to help the guest arrive at their destination efficiently and without getting lost. However, if the quickest route is very complicated or difficult to follow, it may be more helpful to provide a simpler route that is easier for the guest to understand and follow. Asking the guest to repeat the directions back to you can also be a helpful way to ensure that they have understood the directions properly.
Explanation:
Pybus, Inc. is considering issuing bonds that will mature in 21 years with an annual coupon rate of 7 percent. Their par value will be $1,000, and the interest will be paid semiannually. Pybus is hoping to get a AA rating on its bonds and, if it does, the yield to maturity on similar AA bonds is 8 percent. However, Pybus is not sure whether the new bonds will receive a AA rating. If they receive an A rating, the yield to maturity on similar A bonds is 9 percent. What will be the price of these bonds if they receive either an A or a AA rating?
The price of the Pybus bonds if they receive a AA rating will be $
Answer:
The price of the bonds if they receive an A rating is $1,062.77, and if they receive a AA rating is $1,110.84.
Explanation:
To determine the price of the bonds if they receive either an A or AA rating, we can use the bond pricing formula:
Price = (C / r) * (1 - (1 + r)^-n) + (F / (1 + r)^n)
where C is the annual coupon payment, r is the yield to maturity, n is the number of periods to maturity, and F is the face value.
First, let's calculate the annual coupon payment:
C = 7% * $1,000 = $70
Next, we'll calculate the number of periods to maturity:
n = 21 years * 2 (because interest is paid semi-annually) = 42
Now, if the bonds receive a AA rating, the yield to maturity is 8%. We can use this yield to maturity to find the price of the bonds:
Price = ($70 / 0.08) * (1 - (1 + 0.08)^-42) + ($1,000 / (1 + 0.08)^42) = $1,110.84
Alternatively, if the bonds receive an A rating, the yield to maturity is 9%. We can use this yield to maturity to find the price of the bonds:
Price = ($70 / 0.09) * (1 - (1 + 0.09)^-42) + ($1,000 / (1 + 0.09)^42) = $1,062.77
In conclusion, the price of the bonds if they receive an A rating is $1,062.77, and if they receive a AA rating is $1,110.84.
what does the Bureau of labor statistics predict for the job growth for service related jobs?
8.3 million additional jobs are projected to be created between 2021 and 2031. The sectors of healthcare and social support are expected to account for up to one-third of new jobs.
What is the main purpose of the Bureau of Labor Statistics?The Bureau of Labor Statistics gathers information on the labor market, working conditions, price fluctuations, and productivity in the US economy to assist in public and private decision-making.
What does the Bureau of Labor Statistics consider to be being unemployed?A person is deemed to be unemployed if they are currently qualified for employment, do not currently have a job, and have actively sought employment over the preceding four weeks. Any of the above actions could be seen as actively looking for work: contacting a potential employer directly or showing up to a job interview.
What data does the Bureau of Labor Statistics offer that can aid in career decision-making?Data on the majority of economic jobs are available from the OOH. Important occupational characteristics are highlighted, including responsibilities, working conditions, remuneration, the availability of opportunities, career prospects, and the required education and training for job searchers.
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Reverse logistics is required because?
when there are economies of scope between two products which are separately produced by two firms, merging into a single firm can? 1) accomplish a reduction in costs.2) lead to an increase in cost.3) lead to a reduction in sales.4) accomplish an increase in sales.Please provide number answer and explanation.
Economies of scope exist between two items when the cost of producing them together is less than the cost of manufacturing them individually.
When two or more items can be produced at a lower marginal cost than they could be produced separately, this is referred to as a "economies of scope."
Which phrase best encapsulates economies of scope?
When one thing is produced, the cost of creating a related good decreases, this is referred to as an economy of scope. Economies of scope arise when a company can produce a greater variety of goods or services at a lower cost per unit than it could if it produced each good separately.
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What's the purpose of the three questions you should ask before using your emergency fund?
The three-question:
Is it unexpected?
Is it necessary?
Is it urgent?
Answer:
to reconsider yourself before spending your emergency funds.
Explanation:
if it's not important then don't use it.
is it unexpected?.. well do you expect to use this fund.
is it necessary?... do you really need this stuff
is it urgent?.... do you need these things right now?
Imagine you are writing a friend an email about your great new job. Use your imagination and your research findings!
Your paragraph/email should answer all of the following:
What career do you have?
Where do you work (hospital, office, lab)?
Whom do you work with?
What do you do at your job?
What makes you good at your job?
What equipment or technology do you use?
Which form of currency is a promissory note that is to be paid back with
interest at a certain date?
A. A banknote
B. A government bond
C. A paper dollar
D. A treasury note
Answer:
D.
Explanation:
A treasury note is a form of currency that needs to get paid back with interest at a certain date.
Treasury notes, also known as T-notes, are issued by the US treasury. It earns a fixed interest rate every six months till it gets matured. The treasury notes get issued in terms of 2, 3, 5, 7, and 10 years. By issuing the treasury notes, the US government partially funds itself.
A treasury note is a promissory note that is to be paid back with interest.
Therefore, option D is correct.
Answer:B, a government bond
Explanation:
Just took the test.
Althea Brown contributed equipment, inventory, and $34,000 cash to a partnership. The equipment had a book value of $23,000 and a market value of $29,000. The inventory had a book value of $60,000 but only had a market value of $15,000 due to obsolescence. The partnership also assumed a $12,000 note payable owed by King that was used originally to purchase the equipment. Provide the journal entry for Brown’s contribution to the partnership. 5pts.
The journal entry for Brown’s contribution to the partnership are:
Dr. Cash 34,000
Dr. Inventory 15,000
Dr. Equipment 29,000
Cr Notes Payable 12,000
Cr Althea Brown, Capital 66,000
For instance, the accompanying effects might be felt on the partner's capital record and outside premise: Commitments to the association - Build the capital record and outside premise. Appropriations: Lessens the capital record and outside premise.
These capital records address the responsibility for the organization by the accomplices. The Accomplices' Capital Record is an Individual record since it was intended for reporting changes connected with accomplices' capital.
Given:
Dr. Cash 34,000
Dr. Inventory 15,000
Dr. Equipment 29,000
Cr Notes Payable 12,000
Cr Trevor Smith, Capital 66,000
(78,000-12,000)
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The Leontief production function and cost function for a company are:
Q = min{20K, 10L}
Cost = 10K + 25L
a. The company has received an order and must manufacture 300 units of output. How much capital and labor should they use to produce the 300 units at the lowest cost?
b. How much will it cost them to produce 300 units at the lowest cost?
The company will spend 850 to produce 300 units at the lowest cost.
To produce 300 units at the lowest cost, the company should use L = 30 and K = 10.
C equals 10K + 25L, 10(10) + 25(30), 100 + 750, and 850
What is meant by Lowest Cost?A pricing strategy in which a business offers its products at a relatively low price in order to increase demand and expand its market share.
high-cost. FINANCE is an adjective [before a noun]. expensive: For a long time, Greater Boston has been known as an expensive area with high incomes.
Companies that provide value to their clients greatly benefit from a low pricing strategy. When you use high-low pricing, for instance, customers will always compare prices and look for the best deal.
Due to lower production costs, a low-cost strategy enables the company to sell its product or service at a lower price than its rivals; They achieve a competitive advantage in the sector as a result.
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Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return. For 2015, Selma had cash receipts of $1.4 million, which included $200,000 collected on accounts receivable from 2014 sales. It also included the proceeds of a $100,000 bank loan. At the end of 2015, she had $250,000 in accounts receivable from customers, all from 2015 sales.
Required:
a. Compute Selma's accrual basis gross receipts for 2015.
b. Selma paid cash for all of the purchases. The total amount paid for merchandise in 2020 was $1,300,000. At the end of 2019, she had merchandise on hand with a cost of $150,000. At the end of 2020, the cost of merchandise on hand was $300,000. Compute Selma's gross income (profit) from merchandise sales for 2015.
Answer:
Ghhbbbhj
Explanation:
Ghhhbbhh
The expected average rate of return for a proposed investment of $800,000 in a fixed asset with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $360,000 for the four years is
Answer:
22.5%
Explanation:
For computation of return on investment first we need to find out the average investment and average income per year which is shown below:-
Average investment = Proposed investment ÷ Average
= $800,000 ÷ 2
= $400,000
Now, the Average income per year = Expected total net income ÷ Number of year
= $360,000 ÷ 4
= $90,000
Return on investment = Average income per year ÷ Average investment
= $90,000 ÷ $400,000
= 0.225
or
= 22.5%
The republic of Bucolia has computed its CPI for three years using 2016 as the base year: A gallon of paint cost $15.00 in 2015. What does it cost in 2016 dollars
Its cost in 2016 in dollars is mathematically given as
x=$17.85
This is further explained below.
What is a CPI?Generally, A price index is defined as the price of a weighted average market basket of consumer goods and services that were bought by households.
A consumer price index is one kind of price index.
The Consumer Price Index (CPI) is used to measure price changes over time.
In conclusion,
\(&\mathrm{CPI}=\frac{\text { current price }}{\text { base price }} X 100 \\\)
Therefore
\(&84=\frac{15}{x} \text { X } 100 \\\)
x=$17.85
Therefore, the 2016 price for paint is $17.85
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What is a bushiness opportunity?
Answer: You said it yourself, an opportunity.
Explanation:
A business opportunity is often used to describe a way for a business to make more money. It can also mean many other things such as hiring more employees, creating more roles, partnering with another company, etcetera.
But mainly used to make more money.when you have key information about a company's products and services and use it to help customers understand how these products and services will meet their needs, you have
When you have key information about a company's products and services and use it to help customers understand how these products and services will meet their needs, you have product knowledge. Having a strong understanding of a company's products and services is essential for sales and customer service professionals, as it allows them to effectively communicate the features and benefits of the products to customers. By using product knowledge to help customers understand how a product or service can meet their needs, sales and customer service professionals can improve customer satisfaction and increase sales.
Calculations of cost and benefit are always which of the following?
OA. Resourceful
OB. Minimum
OC. Rational
OD. Subjective
Answer:
D.
Explanation:
It’s subjective.
I think it’s subjective because it’s about the benefit of the calculations of a cost.
In San Francisco, city regulations cap taxi licenses at 1500, creating a system in which demand for taxis exceeds supply and customer service is inadequate. Group of answer choices Strength Weakness Opportunity Threat
Answer: Opportunity
Explanation:
SWOT simply stands for the strengths, the weaknesses, the opportunities, and the threats that a particular business may face. Strengths are the attributes that are necessary to achieve organizational goals and to be successful.
Weaknesses are the attributes that re detrimental to the success of the company or achieving organizational goals.
Opportunities are the external factors that are favorable which can give a competitive advantage to an organization or allow the organization achieve its goals. Threats could hinder the success of the company.
Based on the analysis, the answer is Opportunity.
what was the key to getting support for converting from petroleum to synthetic lubricants?
Demonstrating superior performance, R&D, strategic partnerships, and emphasizing environmental benefits were key to gaining support for the transition to synthetic lubricants.
In order to gain support for converting from petroleum to synthetic lubricants, several key factors played a significant role.
One key factor was the ability to demonstrate the benefits and advantages of synthetic lubricants over petroleum-based alternatives. Synthetic lubricants offer superior performance, including improved viscosity index, thermal stability, oxidation resistance, and better lubricating properties at extreme temperatures.
By highlighting these advantages, companies could persuade stakeholders, such as manufacturers, fleet operators, and consumers, to embrace the switch.
Additionally, conducting comprehensive research and development to continually improve synthetic lubricant technology was crucial. This allowed manufacturers to address any initial skepticism, build confidence in the product, and showcase its long-term value and reliability.
Proven performance through testing and case studies played a vital role in convincing potential users and gaining their support.
Moreover, establishing strategic partnerships with industry leaders, including automotive manufacturers, machinery manufacturers, and major consumers of lubricants, was instrumental in garnering support for the conversion.
Collaboration with these stakeholders helped demonstrate the compatibility of synthetic lubricants with their equipment, validate their effectiveness, and create a favorable environment for adoption.
Furthermore, educating the market about the environmental advantages of synthetic lubricants was key. Synthetic lubricants often have a lower environmental impact, reduced emissions, and increased energy efficiency compared to petroleum-based counterparts.
Emphasizing these eco-friendly aspects resonated with environmentally conscious consumers and regulatory bodies, leading to greater acceptance and support.
In summary, the key to obtaining support for converting to synthetic lubricants involved showcasing their superior performance, conducting robust research and development, forging strategic partnerships, and highlighting their environmental benefits.
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f Honduras is open to international trade in oranges without any restrictions, it will import
tons of oranges.
Suppose the Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers. A tariff of
$
per ton will achieve this.
A tariff set at this level would raise
$
in revenue for the Honduran government.
Suppose that Honduras is open to international trade in oranges without any restrictions, it will import an infinite amount of oranges. Therefore, the import of oranges can be limited through a tariff. The Honduran government wants to reduce imports to exactly 100 tons of oranges to help domestic producers.
A tariff of $720 per ton will achieve this. A tariff set at this level would raise $72,000 in revenue for the Honduran government.
Tariff: It is a tax imposed by a government on imported or exported goods. The main purpose of a tariff is to limit imports and protect domestic production and employment.
In this scenario, a tariff is imposed by the Honduran government to limit the import of oranges and help domestic producers. Therefore, if the tariff is set at $720 per ton, then it would reduce the imports of oranges to exactly 100 tons, which is the desired goal of the Honduran government.
Moreover, the tariff rate multiplied by the number of imports gives the amount of revenue raised by the Honduran government, which is $720 × 100 = $72,000. Thus, a tariff set at $720 per ton will raise $72,000 in revenue for the Honduran government.
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NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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A survey found that 76% of men preferred darker jeans. if 500 men were sureveyed, how many answered that they preferred darker jeans
Answer: 380 men preferred darker jeans
Explanation:
76% of 500 is 380
Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)
Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.
Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.
What is a database?A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.
A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.
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Which of the following individuals has enrolled in a plan on a fixed income
Fixed income gives a steady of income to the individual.
What is a fixed income?The complete question wasn't found online. An overview was given as the complete information wasn't found.
It should be noted that a fixed income means an investment approach that is focused on presentation of capital and income.
The examples of fixed income include municipal bonds, certificate of deposit, etc.
It should be noted that fixed income orders a steady stream of income with less risk.
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If I paid 550 dollars every month how much did i pay in the past 7 years?
Hello!
1 month => 550
1 year = 12months => 550 x 12 =6600
7 year = 6600 x 7 = 46200
The answer is 46200
Match each of the options above to the items below.
a. Revenues, expenses. and dividends,
b. List of permanent accounts and their balances.
c. Transfer of temporary balances to retained earnings.
d. List of permanent and temporary accounts and thejr balances.
e. Assets, liabilities, and stockholders' equity
1. Adjusted Trjal balance
2. Post-closing trial balance
3. Permanent accounts
4. Temporary accounts
5. Closing entries
Answer:
a. Revenues, expenses. and dividends - Temporary accounts
b. List of permanent accounts and their balances - Post-closing trial balance
c. Transfer of temporary balances to retained earnings - Closing entries
d. List of permanent and temporary accounts and their balances - Adjusted trial balance
e. Assets, liabilities, and stockholders' equity - Permanent accounts
A company has 46,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $554,300, and the par value per common share is $10. The book value per share is:
Multiple Choice
$0.08.
$2.05.
$55.43.
$12.05.
$10.00.
Answer:
$10.00
Explanation:
Discount-Mart issues $19 million in bonds on January 1, 2021. The bonds have a seven-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 $ 17,233,953 06/30/2021 $ 950,000 $ 1,034,037 $ 84,037 17,317,990 12/31/2021 950,000 1,039,079 89,079 17,407,069 06/30/2022 950,000 1,044,424 94,424 17,501,493 12/31/2022 950,000 1,050,090 100,090 17,601,583 What is the market annual rate of interest on the bonds
Answer: 12%
Explanation:
The semi annual market rate of interest on the bonds will be the interest expense divided by the carrying value i.e issue price of bond which is then multiplied by 100%. This will be mathematically expressed as:
= 1,034,037/17,233,953 × 100
= 0.06 × 100
= 6%
This implies that the semi annual market interest rate is 6%.
Since we are told to calculate the market annual rate of interest on the bonds, we multiply the value of 6% by 2 since 12 months make a year and we used 6 months for the calculation above which is semi annual. This will be:
= 6% × 2
= 12%
Therefore, the market annual rate of interest on the bonds is 12%
7
Check my work mode: This shows what is comect or incomect for the work you have completed so far does not indie
1
Loong Corporation, a calendar year accrual besis corporation, reported $1 million of net income after tax on its financial statements
prepared in accordance with GAAP. The corporation's books and records reveal the following information
Luong's federal income tax expense per books was $200,000
- Luong's book income included $10,000 of dividends received from a domestic corporation in which Luong owns a 25 percent stock
interest and $4,000 of dividends from a domestic corporation in which Luong owns a 5 percent stock interest
- Luong recognized $10,000 of capital losses this year and no capital gains
- Luong recorded $8,000 of book expense for meals not provided by a restaurant and $10,000 of book expense for entertainment
- Luong's depreciation expense for book purposes totaled $400,000 MACRS depreciation was $475.000
Required:
& Compute Luong's federal taxable income and regular tax liability
& Prepare a Schedule M-1, page 6, Form 120, reconciling Luong's book and taxable income.
Required A
Complete this question by entering your answers in the tabs below.
Answer is complete but not entirely correct.
Compute Loong's federal taxable income and regular tax liability
Note: Enter your answers in whole dollars not in millions.
Amount
Answer:
Cash basis refers to a major accounting method that recognizes revenues and expenses at the time cash is received or paid out. This contrasts accrual accounting, which recognizes income at the time the revenue is earned and records expenses when liabilities are incurred regardless of when cash is received or paid.
Explanation:
When transactions are recorded on a cash basis, they affect a company's books upon exchange of consideration; therefore, cash basis accounting is less accurate than accrual accounting in the short term. The Tax Reform Act of 1986 prohibits the cash basis accounting method from being used for C corporations, tax shelters, certain types of trusts, and partnerships that have C Corporation partners.
To compute Luong Corporation's federal taxable income and regular tax liability, let's go through the reconciliation process and make the necessary adjustments:
Start with net income per books: $1,000,000
Add back book expenses that are not deductible for tax purposes:
Meal expenses not provided by a restaurant: $8,000
Entertainment costs: $10,000
Total adjustments: $18,000
Net income before book-to-tax adjustments: $1,000,000 + $18,000 = $1,018,000
Deduct tax-exempt income (dividends received):
Dividends received from a 25% stock interest: $10,000
Dividends received from a 5% stock interest: $4,000
Total adjustments: $14,000
Taxable income before book-to-tax adjustments: $1,018,000 - $14,000 = $1,004,000
Add non-deductible expenses for tax purposes:
Capital losses: $10,000
Total adjustments: $10,000
Taxable income after book-to-tax adjustments: $1,004,000 + $10,000 = $1,014,000
Determine depreciation difference:
Book depreciation: $400,000
MACRS depreciation: $475,000
Depreciation difference: $475,000 - $400,000 = $75,000
Taxable income after depreciation adjustment: $1,014,000 - $75,000 = $939,000
Calculate federal taxable income:
Federal taxable income: $939,000
Compute the regular tax liability using the applicable tax rates for the corporation's taxable income.
Please note that the specific tax rates and calculations may vary depending on the tax year and any changes in tax laws or regulations. It is recommended to consult with a tax professional or reference the appropriate tax forms and instructions for accurate calculations based on the current tax laws and regulations.
Skye has the chance to be paid in digital money that is issued by a private company instead of a country or governmental region. What is the name for this type of money?
A.
private banking
B.
cybermoney
C.
digifunds
D.
cryptocurrency
Answer:
The type of this money was called, cybermoney.