Mary Walker, president of Rusco Company, considers $23,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $18,000 in cash was available at the end of this year. Since the company reported a large net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms. Walker.
Rusco Company
Comparative Balance Sheet
at July 31
This Year Last Year
Assets
Current assets:
Cash and cash equivalents $18,000 $36,600
Accounts receivable 203,600 213,900
Inventory 252,700 197,800
Prepaid expenses 9,100 18,600
Total current assets 483,400 466,900
Long-term investments 99,000 135,000
Plant and equipment 866,000 753,000
Less accumulated depreciation 211,500 190,900
Net plant and equipment 654,500 562,100
Total assets $1,236,900 $1,164,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $177,700 $233,300
Accrued liabilities 8,300 15,600
Income taxes payable 44,400 40,500
Total current liabilities 230,400 289,400
Bonds payable 209,000 106,000
Total liabilities 439,400 395,400
Stockholders’ equity:
Common stock 630,400 615,000
Retained earnings 167,100 153,600
Total stockholders' equity 797,500 768,600
Total liabilities and stockholders' equity $1,236,900 $1,164,000
Rusco Company
Income Statement
For This Year Ended July 31
Sales $860,000
Cost of goods sold 537,500
Gross margin 322,500
Selling and administrative expenses 230,050
Net operating income 92,450
Non-operating items:
Gain on sale of investments $21,500
Loss on sale of equipment (6,600 ) 14,900
Income before taxes 107,350
Income taxes 32,190
Net income $75,160
The following additional information is available for this year.
The company declared and paid a cash dividend.
Equipment was sold during the year for $46,400.
The equipment originally cost $96,000 and had accumulated depreciation of $43,000.
Long-term investments that cost $36,000 were sold during the year for $57,500.
The company did not retire any bonds payable or repurchase any of its common stock. Because the Cash account decreased so dramatically during this year, the company’s executive committee is anxious to see how the income statement would appear on a cash basis.
Required:
1. Using the direct method, adjust the company’s income statement for this year to a cash basis.
2. Using the data from (1) above, and other data from the problem as needed, prepare a statement of cash flows for this year.

Paid investors a $100 cash dividend. The right answer is option B. Cash dividends declared will be subtracted from retained earnings and reduce total stockholder equity.

The Stockholders Equity Formula: What Is It?

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Answer:

Prioritize clear, reachable, and sustainable goals during the closing phase

The economy in countries with dictatorships or similar governments is often less prosperous because these countries usually have closed economy systems and this limits the profit from trading, the materials for manufacture, among others.

Most countries with authoritative governments such as dictatorial ones support closed economy systems, this means:

These characteristics have been found to have mainly a negative effect because:

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Yes, the choice properly adjusts the temporal value of money and risk.

A reasonable acquisition cost for Spotify from Heardle would be $9 billion.

The decision does indeed reveal whether it adds value to the company.

After playing Heardle, Spotify benefits from listening to the entire song.

It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.

When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.

It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.

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Yes, the choice properly adjusts the temporal value of money and risk.

A reasonable acquisition cost for Spotify from Heardle would be $9 billion.

The decision does indeed reveal whether it adds value to the company.

After playing Heardle, Spotify benefits from listening to the entire song.

It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.

When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.

It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.

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Answer:

The answer is below

Explanation:

A Master Administrator is normally the individual who is tasked at establishing the company file in QuickBooks Online.

In other words, Master Admin possesses access to all portions of the company file and can grant authorizations and access to other users.

Therefore, a Master Admin Accountant User can view the apps connected to a client’s QuickBooks Online account from within QuickBooks Online Accountant by doing the following:

1. Go to Settings

2. Select Manage Users.

3. Select Accounting firms.

4. Under the Company section, Select View Apps.

Answer:

Left Navigation Bar > Apps > Client Apps

Explanation:

Answer:

Unresolved conflict within a team can have various negative consequences for the team members, the team leader, and the organization as a whole1234. Some of these consequences are:

Unresolved conflicts within a team can lead to several negative consequences such as:

Decreased productivity, lower morale, loss of trust ,increased turnover, damage to relationships ,missed opportunities.

-Unresolved conflicts can cause tension and distractions, which can decrease productivity and disrupt the work environment.

-Conflicts can lower team morale and create an atmosphere of negativity, which can lead to reduced job satisfaction and motivation.

-Conflicts can cause team members to lose trust in one another, which can make it difficult for them to work together effectively.

-Conflicts can distract team members from important opportunities and prevent them from reaching their full potential.

Therefore, these are the consequences of unresolved conflicts within a team.

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Answer:

b

Explanation:

The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.

Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.

As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.

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The principal portion of the 200th payment of a fully amortizing $250,000, 30-year fixed rate loan with an interest of 4.825 percent is $753.07.

How to find-

Part 1: N = 360; I/Y = 4.825%/12 = 0.4021%; PV = $250,000; FV = 0; CPT PMT = $1,315.44;

Part 2: N = (360 − 199 = 161); CPT PV = $139,865.75 (loan balance after 219payment);

Part 3: $139,865.75 × 0.00421 = $562.38 (this is the interest portion of the 200th payment);

Part 4: $1,315.44 − $562.38 = $753.07 (Principal portion of the 200th payment)

=$753.07

Hence, the answer is 753.07$.

Interest is the cost of borrowing money and is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may charge interest to borrowers for the use of their money, or borrowers may charge interest to lenders for the use of their funds.

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Computer-integrated manufacturing is being used to make American workers more productive in the global marketplace, and American firms more competitive.

The average level of output per worker per hour is known as productivity. The US productivity growth rate increased by 4.2% on average between 1979 and 2011. More particularly, productivity rose 2% in 2011. Although a 2% rise was less than our average productivity growth from 1979 to 2011, 11 other countries that the US bureau of labor statistics monitors annually experienced greater productivity growth than the US. If US businesses want to boost productivity and their ability to compete in the global market, they must take into account a number of elements.

Since a few years ago, automation—the full or nearly full employment of machines to perform tasks—has changed how work is done in industries. Computer-integrated manufacturing is being used by an increasing number of industries to aid in product design and production. Electronic equipment and Computer-integrated manufacturing are combined in a flexible manufacturing system (FMS) to create smaller batches of goods more effectively than on a conventional assembly line.

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Answer:

product, price, people, promotion,process, physical evidence and place.

Explanation:

PRODUCT

The first P stands for product. As you can probably guess, this is referring to the products or services a business is offering. Decisions within this element include a product or service’s purpose, how a product looks, packaging, any warranties, and more. Additionally, when focusing in on the first P, you need to think deeply about consumers. Consumers need to know what is included, what they can get out of it, what need or want it fulfills, and why your product or service is better than the competition.

PRICE

Price encompasses the entire pricing methodology for products or services, and how customers will react to it. Furthermore, this segment goes into depths beyond selling prices. Price includes discounts, terms, fees, and so on. When arranging pricing, you should consider your business’ current position among other competitors. If you advertise as having a very high-quality product, your pricing should reflect that claim.

PROMOTION

Promotion is essentially the act of marketing directly to consumers. This P covers the idea of making your product or service known to the public. Furthermore, this could be in the forms of various advertisements, SEO, SEM, sponsorship, etc. It is key to make your product known to acquire new customers—increasing sales.

PLACE

This P encompasses many locations—where a product is made, viewed in ads, distributed, and sold. You need to ensure that customers can find your product or service with ease. Furthermore, it needs be available to consumers at the right place and the right time. You can use this P step to consider selling products through e-commerce, in-store, or through third-party means.

PEOPLE

People are not just those who you are selling and advertising to. It includes staff, salespeople, customer service teams, and anyone involved in the marketing and sales processes. You want your employees to be effective and perceived positively by customers.

PROCESS

This step refers to the delivery of your product or service to a customer. Maps need to made to outline functions, activities, tasks, and processes. Doing so keeps your processes functioning smoothly and efficiently. Check your processes frequently to guarantee they are simple and increasing your ability to generate revenue. This step may come with many trial and error phases.

PHYSICAL EVIDENCE

Your consumer should always receive something physical to validate their purchase. Consider how braces give you straight teeth, hairdressers give you a new look, and receipts are proof of a purchase. People like to receive something that evokes their senses to confirm that they have gotten a product or service, even if it is just the receipt. This tangible item validates the experience of purchasing and fosters a sense of value from that purchase.

Answer:

rat

Explanation:

Answer:

B Flexible budget variance

Explanation:

Budget variance can indicate a department's or company's degree of efficiency, since they

emerge from a comparison of what was with and what should have been

The distinction between master budget and Actual result of a business enterprise performance is Flexible budget variance. Thus, option B is correct.

The disparities between line items on actual financial statements and those on flexible budgets are referred to as flexible budget variances. Flexible budgets can only be produced at the end of the period, since the real activity level is not accessible before the accounting period concludes.

Budget variance might reflect the efficiency of a department or firm, since it results from a juxtaposition of what was with and what should have been. Flexible budget variance is the difference between the master budget and the actual outcome of a company enterprise's performance. As a result, option B is right.

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Answer:

20 Cases

Explanation:

Economic order quantity which is also known as (EOQ) can be defined as the order quantity a company or an organisation should tend to purchase or buy in order to minimize their inventory costs.

Example of this inventory costs are:

Holding costs

Shortage costs

Order costs.

Calculation for the economic order quantity for Stein beer will be:

Numbers of cases × Numbers of days

4 cases× 5 days

= 20 cases

Therefore the economic order quantity for Stein beer will be: 20 cases every five days because the Orders often arrived three days from the time they are placed.

Answer:

Expand.

Explanation:

A firm investing to create one product because that investment could lead to the development of other products in the future is an example of the option to Expand. When a company produces one product to make many more products from the same in the future, that means the company is expanding.

Answer:

Explanation:

Assets may be used to store wealth, create income, and reduce future expenses.

Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent.

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a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).

ii) The break-even number of cakes is approximately 21.42 cakes.

b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.

a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.

Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.

We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.

After performing the calculations, we obtain the following results:

a = 4.07 (fixed cost)

b = 0.81 (unit cost)

Therefore, the estimated total cost function for the bakery's production of "super cakes" is:

Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)

ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).

Setting the total cost function equal to the revenue function, we have:

4.07 + 0.81 * Number of cakes = 10 * Number of cakes

Simplifying the equation, we find:

0.19 * Number of cakes = 4.07

Dividing both sides by 0.19, we get:

Number of cakes = 21.42

Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.

b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.

Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33

Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71

From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.

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The fundamental problem with ethical quandary is that it does not have clear-cut answer that complies with ethical standards. People have encountered problems throughout human history, and philosophers have sought to address them.

To "systematise, defend, and suggest notions of good and wrong action," "ethics" or "moral philosophy," a branch of philosophy, is the goal. The philosophical field of axiology encompasses the fields of ethics and aesthetics, both of which are concerned with questions of worth. Assuming that no one has any moral knowledge, moral scepticism, also referred to as moral scepticism, is a group of metaethical ideas. Many moral sceptics also offer the more forceful, modal argument that moral knowledge is impossibly unattainable. Moral scepticism, which denies the existence of knowable and objective moral truths, is particularly opposed to moral realism. The ontology of ethics is concerned with value-bearing elements, i.e., the categories of objects or entities that are addressed in ethical claims.

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Answer:

Explanation:

are called

Inventory. Inventory is a term used to describe the goods and materials that a business holds for the purpose of reselling them or using them in the production of other goods and services. Inventory can include raw materials, work-in-process goods, and finished products which are ready to be sold. Inventory is important for businesses because it helps them to meet customer demands quickly, maintain continuity of operations, and improve cash flow.

My goal is to assist users in finding information they are looking for and to help them with their tasks and projects to the best of my abilities.

Projects refer to temporary and unique endeavors designed to achieve specific goals and objectives within a defined time frame. They are often initiated to solve problems or capitalize on opportunities in various industries and sectors, such as construction, information technology, healthcare, and education. Projects typically have a defined scope, budget, timeline, and resources allocated to them, and they are executed by a project team or individuals with specific roles and responsibilities. Examples of projects may include building a new bridge, developing a software application, launching a marketing campaign, or organizing a conference. Successful project management requires careful planning, effective communication, and the ability to adapt to changing circumstances and constraints to deliver the desired outcomes.

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The amount of the after-tax salvage value of the equipment is $31,850. Option B

To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.

Therefore, the salvage value is:

Salvage Value = 5% of $980,000

             = 0.05 * $980,000

             = $49,000

The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:

After-Tax Salvage Value = Salvage Value - Tax on Gain

                       = $49,000 - (Tax Rate * Gain)

                       = $49,000 - (0.35 * $49,000)

                       = $49,000 - $17,150

                       = $31,850

Therefore, the amount of the after-tax salvage value of the equipment is $31,850.

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Answer:

See below

Explanation:

Renter's insurance

Your stereo and computer are stolen from your apartment.  Renters insurance provides coverage for policyholder's properties other than their dwelling place.

Liability coverage

You cause an accident that damages someone else's car. It protects against claims arising from damages to other people or their properties.

Health insurance

You go to the emergency room after a car accident. Offers insurance coverage for medical bills incurred by the policyholder or their dependents.

Disability Insurance

You have to take a month off from work because of a broken leg. Provides protection against loss of income as a result of serious bodily injuries to the policyholder.

Answer:

b) It clarifies the problem, the process and the customer of the process prior to data collection

Explanation:

DMAIC is the acronym representing the steps taken in the lean six sigma programme to increase efficiency.

The steps are define, measure, analyse, improve, and control.

Define is the first stage at which the need of the process client is determined. Process knowledge is obtained by interacting with the participants.

In this stage we ensure there is alignment between project focus and goals of organisational leadership.

In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.

In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.

As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.

In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.

As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.

Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.

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Answer12

Explanation: so it is 6+6+22=2

Employers do not count discouraged workers as unemployed because they have not actively sought employment in the previous four weeks. U.S. Labor Statistics Bureau.

"Labor Force Statistics From the Current Population Survey: Discouraged Employees." Discouraged workers typically left the Statisticsforce because they were unable to find a position that met their needs or were unsuccessful in their job applications.

The phrase excludes those who left the workforce for other causes, such as becoming pregnant or being unable to work due to a disability. Usually, discouraged Statistics individuals have left the workforce because they were unable to locate acceptable employment or were unsuccessful in their job applications.

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It is to be note that the saleswoman should be reimbursed for a total of $92.68.

The total distance traveled by the saleswoman is the hypotenuse of a right triangle, where the legs represent the distance traveled north and east. We can use the Pythagorean theorem to calculate the hypotenuse as follows:

Distance traveled north = 150 miles

Distance traveled east = 110 miles

Total distance = √(150² + 110²)

≈ 185.35 miles

Therefore, the saleswoman should be reimbursed for a total of $92.68 (185.35 miles x $0.50 per mile).


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After the call, Holly realized the conflict was at the tension stage because of the emotional tension that resulted from the conversation. During the call, Jennifer expressed her dissatisfaction with the resources and benefits that she was receiving from the relationship.

According to the social exchange theory, people exchange resources and benefits to maintain social relationships. In this exchange, people weigh the costs and rewards of social relationships. Social exchange theory can be applied to the conflicts that occur in social relationships.Conflicts can occur when one person perceives that another person has violated their expectations, rights, or interests.

Conflicts in social relationships can be resolved through several stages, including the tension stage, crisis stage, and the recovery stage. Conflict resolution requires people to resolve their differences to maintain the social relationship. Holly felt that Jennifer was not putting enough effort into maintaining the relationship and she did not understand the impact of her actions on Holly.Brie and Holly were concerned about the implications of the conflict on their social relationship.

Brie asked Holly to resolve the conflict by weighing the costs and rewards of their relationship. Holly realized that their social relationship was important to her, and she had to work towards maintaining it. Holly chose to communicate her thoughts and feelings with Jennifer, which resolved the conflict. Holly and Jennifer were able to come to a compromise, and their social relationship was preserved.

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Note- The Complete Question is this...
What specific event or occurrence made Holly realize that the conflict between Brie, Holly, and Jennifer was at the tension stage?

Answer:

See

Explanation:

Selling price = $25,000/1,000 = $25

Variable cost = $17,500/1,000 = $17.5

1,001 units

Contribution margin income statement

Sales ($25,000 + $25)

$25,025

Less variable expenses