1. The cash did Sunshine Corp. receive from the bond issuance is $786,551.48.
2. The interest expense first half of year 2001 is 31,462.06, the second half of year 2001 is $31,991.66 and net book value of the bond at the end of year 2001 is $722,097.76
1. The cash received by Sunshine Corp. from the bond issuance can be calculated using the present value formula:
PV = PMT x [1 - (1 + r/n)⁻ⁿᵃ] / (r/n)
where PV is the present value, PMT is the coupon payment, r is the market interest rate, n is the number of coupon payments per year, and ais the number of years to maturity.
Using the given information, we can calculate:
PMT = ($1,000,000 x 6%) / 2 = $30,000
r = 8% / 2 = 4%
n = 2
a= 5
PV = $30,000 x [1 - (1 + 4%/2)⁻² ⁵ / (4%/2) = $786,551.48
Therefore, Sunshine Corp. received $786,551.48 from the bond issuance.
2. The interest expense for the first half of year 2001 can be calculated as:
Interest expense = Beginning book value x Market interest rate x Time
= $786,551.48 x 8%/2 x 6/12
= $31,462.06
The interest expense for the second half of year 2001 can be calculated as:
Interest expense = Beginning book value x Market interest rate x Time
= ($786,551.48 + $30,000) x 8%/2 x 6/12
= $31,991.66
The net book value (NBV) at the end of 2001 can be calculated as:
NBV = Beginning book value - Amortization
= $786,551.48 - ($31,462.06 + $31,991.66)
= $722,097.76
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can anyone please help me please
Answer:
1. extracurricular
2. cocurricular
3. curricular
4. curricular
5. cocurricular
Explanation:
1. Daniel doing community service by cleaning up outdoor trails is an extracurricular activity because it doesn’t have nothing to do with his academics/school.
2. Debra participating in a hospital program for nursing students is cocurricular because she is practicing techniques she learned in her nursing class.
3. Rhett taking a foreign language class at his middle school is curricular because this is a class Rhett takes at school.
4. You are correct. Ernestina taking a photography class in school is curricular because this class takes place at her high school.
5. Brant joining a student organization for future teachers is cocurricular because he is studying to be a teacher.
WILL MARK BRAINLIEST!! The regional grocery chain sells its own brand of fruit juice manufactured by a national producer, an example of a designer label for a store brand, which is sold right alongside national brands.
False
True
Answer:false
Explanation:
a violation of preferred stock restrictive covenants usually permits preferred shareholders to
If there is a violation of preferred stock restrictive covenants, the preferred shareholders will be entitled to certain rights. These rights generally vary depending on the terms of the restrictive covenant and the agreement.
However, preferred shareholders will usually be able to do certain things. Preferred stock restrictive covenants are a set of conditions that dictate how a company can operate. The preferred shareholders of a company may impose these restrictions. These covenants are different from common stock covenants because they apply only to preferred shareholders. Some common restrictive covenants include: Limitations on the amount of debt a company can take on. A prohibition on the company's ability to pay dividends.
Limits on the number of shares that can be issued by the company. Restrictions on the company's ability to engage in certain business activities. If there is a violation of a preferred stock restrictive covenant, the preferred shareholders have the right to take certain actions. These actions can vary depending on the covenant and agreement. However, the preferred shareholders generally have the following rights: They may be able to convert their shares into common shares.
They may be able to call for a special meeting of the board of directors to address the violation. They may be able to vote on the violation and other related issues. They may be able to take legal action against the company. In conclusion, if there is a violation of preferred stock restrictive covenants, the preferred shareholders will be entitled to certain rights. These rights vary depending on the terms of the restrictive covenant and the agreement. However, preferred shareholders will usually be able to convert their shares, call for a special meeting of the board of directors, vote on the violation, and take legal action against the company.
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if sales increase by 15% and the degree of operating leverage is 6, net operating income should increase by
If sales increase by 15% and the degree of operating leverage is 6, net operating income should increase by 90%.
Net operating income will increase by = Degree of operating leverage * Increase in sales %
Net operating income will increase by = (6*15%)
Net operating income will increase by = 90%
What is net operating income?
In economics and accounting, net profit (also known as gross income, net profit, net profit, net income, sales profit, or credit sales) is the profit of a business less cost of goods sold, expenses, depreciation, interest, and taxes.
It is calculated as the residual of all income and profits for the period minus all costs and losses and is also defined as the net increase in capital arising from the company's operations. This is different from Gross Revenue, which only subtracts Cost of Goods Sold from Sales. Utility accounting helps businesses understand the total cost of each operation, allowing accountants to better understand and control costs. Businesses often seek to reduce operating costs to the most profitable levels while maintaining reliable and efficient production.
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anyone in a company who influences the behavior of other employees is acting as a ___.
A. executive
B. supervisor
C. leader
D. manager
Answer:
C
Explanation
The strategies managers employ in the workplace often dictate employee ... other hand, leaders who lack managerial skills, are a detriment to employees
Anyone who directs the actions of other workers in a corporation is functioning in a leader capacity. Hence, Option C is correct.
What is a leader?A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
Optimistic leaders inspire. While taking the effort to advise and train staff whenever there are performance gaps, they take the time to recognise employees for a job well done.
Good leaders encourage their people to be their very best in both good and difficult situations, bringing out the best in each individual.
Therefore, Option C is correct.
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All of the following can represent a Procurement Organization's value proposition except? Market Share Growth Order Cycle Time Delivery Reliability Order-Status Information QUESTION 15 The primary impact of the current business environment on supply chain organizations is all of the following except? Increased emphasis on strategy and operations Apply the "marketing Concept" to supply chain strategies Pressure to improve operations and eliminate waste Examination of Operations Processes
All of the following can represent a Procurement Organization's value proposition except Market Share Growth. Market share growth is typically associated with sales and marketing efforts, rather than the specific value proposition of a procurement organization.
The primary impact of the current business environment on supply chain organizations includes:
1. Increased emphasis on strategy and operations: In today's competitive landscape, supply chain organizations need to focus on strategic planning and efficient operations to gain a competitive advantage.
2. Apply the "marketing concept" to supply chain strategies: Supply chain organizations are adopting marketing principles to better understand customer needs, create value, and build strong relationships with suppliers and customers.
3. Pressure to improve operations and eliminate waste: Businesses are facing increased pressure to optimize their supply chain operations, reduce costs, and eliminate waste to enhance efficiency and profitability.
4. Examination of Operations Processes: The current business environment necessitates a thorough examination of operations processes to identify areas for improvement, enhance productivity, and meet changing customer demands.
Therefore, the answer is "Market Share Growth" for the first question and "Examination of Operations Processes" for the second question as the exception.
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Which type of Financial Aid am I? I am given to students who come from lower-income families and I do not need to be repaid. *
A company's balanced scorecard may include
a. only leading indicators
b. only lagging indicators
c. both leading and lagging indicators
d. neither leading nor lagging indicators
A balanced scorecard that includes both leading and lagging indicators allows an organization to monitor, evaluate, and manage its performance effectively. This approach enables companies to track progress toward strategic goals, Correct answer is option C
A company's balanced scorecard may include both leading and lagging indicators (option c). A balanced scorecard is a strategic management tool that helps organizations measure and evaluate their performance across multiple perspectives. These perspectives often include financial, customer, internal processes, and learning and growth.
Leading indicators are performance drivers that provide insight into future outcomes, enabling management to take proactive actions. They often include measures like employee engagement, customer satisfaction, and process improvements. These indicators help predict future performance and assist in achieving strategic objectives.
Lagging indicators, on the other hand, are performance outcomes that reflect historical data and the results of past actions. Examples of lagging indicators include revenue, profit margins, and market share. These indicators are useful for assessing the company's past performance and determining if strategic goals have been met.
Incorporating both leading and lagging indicators in a balanced scorecard provides a comprehensive view of an organization's performance. Leading indicators help management make informed decisions and take necessary actions to improve future performance, while lagging indicators demonstrate the effectiveness of those actions and strategies. Correct answer is option C
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an organization is responsible to many different entities. in order to meet the demands of these groups, organizations must participate in stakeholder management. stakeholder management means that group of answer choices stakeholders and managers inevitably work at cross-purposes. interests of the stockholders are not the only interests that matter. all stakeholders receive financial rewards. stakeholders are second in importance to the stockholders.
Stakeholder management means that Interests of the Stockholders are not the only interests that matter
Option A is correct.
What is implied by stakeholder management?Partner the executives is the most common way of keeping up with great associations with individuals who generally affect your work. Speaking with everyone in the correct manner can have a fundamental impact in keeping them "on board."
Stakeholder the executives is a basic part to the effective conveyance of any venture, program or action. A partner is any individual, gathering or association that can influence, be impacted by, or see itself to be impacted by a program
What is the objective of partner the executives?At its center, partner the executives is the capacity to make and keep up with positive connections through the suitable administration of individual necessities, needs and assumptions. Partner the executives is a cycle that works best when arranged and directed by fundamental standards.
Question incomplete:
An organization is responsible to many different entities. In order to meet the demands of these groups, organizations must participate in stakeholder management. Stakeholder management means that:
A. interests of the stockholders are not the only interests that matter
B. stakeholders are second in importance to the stockholders
C. stakeholders and managers inevitably work at cross-purposes
D. all stakeholders receive financial rewards
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A country currently has a population of 200 million and an annual growth rate of 3.0%. If the growth rate remains constant, after 70 years, the population will be approximately:
Jacob is looking to buy some car insurance and is reviewing different policies from several different agencies. The first policy he sees costs$750 for the upcoming year and is worth $10000 if he gets in a collision.After doing some research, he estimates that he has a 8% of getting in acar accident for that year. What is the expected value of buying this insurance policy
The expected value of buying this insurance policy is $50.
The expected value of buying the insurance policy is the weighted average of probabilities of the cost of the insurance and the cover if Jacob gets into an accident.
If Jacob gets into an accident and is covered, his payout will be:
= benefit - cost
= 10,000 - 750
= $9,250
The probability of this happening is 8%.
If Jacob does not get into an accident he would lose the $750 he paid in insurance premiums. The probability of this happening is:
= 100% - 8%
= 92%
The expected value of the insurance is:
= (probability of accident * payout if there is an accident) + (probability of no accident * payout if there is no accident)
= (8% * 9,250) + (92% * -750)
= $50
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in august 2014, zano orders 10 guitars from music retailers for his class which is scheduled to start in january, 2015. after two months, music retailers notifies him that it cannot fill his order by the start of his class. this notification is an anticipatory breach of contract.
The music retailer's notification that they cannot fill Zano's order of 10 guitars by the start of his class in January 2015 constitutes an anticipatory breach of contract. This breach occurs when one party indicates, before the agreed-upon performance date, that they will not be able to fulfill their obligations under the contract. Zano now has the option to wait or seek alternative solutions.
The notification from the music retailer stating that they cannot fulfill Zano's order of 10 guitars by the start of his class in January 2015 is indeed an anticipatory breach of contract.
An anticipatory breach of contract occurs when one party to a contract indicates, before the agreed-upon performance date, that they will not be able to fulfill their obligations under the contract. In this case, the music retailer's notification to Zano that they cannot fill his order by the start of his class in January constitutes such a breach.
To put it simply, the music retailer's message indicates that they will not be able to deliver the guitars as agreed upon. This breach of contract occurs even before the actual performance date, which is in January 2015.
As a result of this anticipatory breach, Zano has a few options. He can choose to wait until the performance date (January 2015) to see if the music retailer will still be able to fulfill the order. Alternatively, Zano can consider the contract terminated and seek alternative solutions, such as finding another music retailer who can provide the guitars on time.
In summary, the music retailer's notification that they cannot fill Zano's order of 10 guitars by the start of his class in January 2015 constitutes an anticipatory breach of contract. This breach occurs when one party indicates, before the agreed-upon performance date, that they will not be able to fulfill their obligations under the contract. Zano now has the option to wait or seek alternative solutions.
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Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Which of the following could help her improve her ability to manage her new subordinates?
A) Updating her résumé as an exercise to reflect on her career path to date and what her next step should be
B) Taking an extension class in how to read a company’s financial statements
C) Reflecting on the effects of her past actions to evaluate how they affected herself and others
D) Understanding that her management style has gotten her a promotion so she should not change anything
Answer:
C) Reflecting on the effects of her past actions to evaluate how they affected herself and others
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
In this scenario, Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Thus, what could help her improve her ability to manage her new subordinates is reflecting on the effects of her past actions to evaluate how they affected herself and others.
Generally, having a reflection on past decisions and actions would help anyone in a leadership position to assess or evaluate how they have affected their organization, subordinates and themselves either positively or negatively.
what do you need to know to make good career decisions?
if anyone's able to write me a paragraph (about 100-200 words) for this question, I'd rly appreciate it. if not, it's alright, maybe a few sentences will help. thanks in advance!
(this isn't actually business, it's career ed. just chose the subject closest to it).
Answer:
Career is a very important thing in one’s life. Whatever career path you choose to follow, it will impact your life greatly. Your career will define your status in a society in addition to your lifestyle. In other words, your career will determine your social circle and relationships.Therefore, it is extremely important to choose the correct career path. From a very young age, we aspire to be something or the other. While someone aims to be a doctor, some wish to become a painter.
Explanation:
hope this helpa
I think there are two factors for making a career decisions:
1. You like that career
2. That career is useful in future (financially)
If any 1 of these is left out, you may don't like what you are doing or you may have to do something you don't like for a living (along side with your main career choice).
Firstly, you should research the following things:
1. How hard it is?
2. What future choices does it offers?
3. How much competition is there?
4. Will you be able to compete with the other students who have chosen that career?
5. Do you already have some knowledge about it or you have to start from scratch?
After answering these questions, you should be able to choose your career.
Thanks.
P.S.: I am not some expert, I just know a little. So, there may be some points that I don't know or forget to mention.
THIS IS FOR ECONOMICS (please help)
Gas prices have risen over a dollar the last 3 months. Apply the concept of supply and demand and explain what would happen to the supply of gas and the demand for gas as a result of this increase
Answer:
REATAE THIS PLS
Explanation:
carl is interested in purchasing a lot that is 200 feet wide by 600 feet long. the seller has it priced at $800 per acre. how much would this lot cost?
The lot would cost approximately $2,204.
The fee is the cost of cash that has been used up to produce something or supply a service and hence isn't available to be used anymore. In enterprise, the price can be one among acquisitions, in which case the quantity of cash expended to gather it is counted as a fee. In this situation, cash is the input this is long gone on the way to gather the issue. This acquisition cost may be the sum of the fee of manufacturing as incurred by using the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the manufacturer. generally, the fee additionally includes a markup for income over the fee of production.
Greater generalized inside the area of economics, value is a metric this is totaling up due to a technique or as a differential for the result of a selection.
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A company can deem an employee as salaried
A. if it doesn’t want to pay overtime wages.
B. if the employee meets the salaried laws under the Fair Labor Standards Act.
C. to make the payroll process easier.
D. if the employee has been employed at the company for one year or longer.
(B.) in the event that the representative meets the salaried regulations under the Fair Work Norms Act.
The order of a representative as salaried still up in the air by the arrangements of the Fair Work Principles Act (FLSA) in the US. For an employee to be eligible for a salary and exempt from overtime pay under the Fair Labor Standards Act (FLSA), certain requirements must be met. Meeting specific job responsibilities and receiving a guaranteed salary that meets or exceeds the FLSA's minimum threshold are among these requirements.
Regarding an employee's status as salaried, the statements in Options A, C, and D are incorrect. Salaried status isn't exclusively founded on staying away from installment of extra time compensation (choice A). The reason for ordering representatives as salaried isn't fundamentally to improve on the finance interaction (choice C). Finally, the term of work (choice D) doesn't decide a representative's qualification for salaried status under the FLSA.
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[Quality of Services Marketing]
1. Which of the following is an example of a B2B internet service? [Answer: Tech Support]
2. Many companies have sophisticated tracking software [Answer: Critical incident technique]
3. Which of the following is not a characteristic of a service? [Answer: Reliability]
4. What is the encounter between service-consumer that occurs during delivery of the service is known as? [Answer: Experince qualities]
5. Your local credit union offers a variety of services to its members [Answer: Fresh-baked cookies and gourmet cookies]
6. The measure of the difference between a customer's expectation [Answer: Gap analysis]
7. Shepherd University is launching new services to attract more students [Answer: Bachelor's degrees]
8. A large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy. [Answer: Offering free coffee tastings]
9. John always takes his car to the same place for an oil change. [Answer: Augmented]
10. Which of the following is not a service of quality attribute? [Answer: Response qualities]
- You can thank me by thanking my previous answers, would be very appreciated -
All of your answers are correct.
The questions given and their appropriate responses can be seen below:
1. Tech Support is an example of a B2B internet service.
2. Many companies have sophisticated tracking software - Critical incident technique.
3. Reliability is not a characteristic of a service.
4. Experience qualities is the encounter between service-consumer that occurs during delivery of the service
5. Your local credit union offers a variety of services to its members such as Fresh-baked cookies and gourmet cookies.
6. Gap analysis is the measure of the difference between a customer's expectation.
7. Shepherd University is launching new services such as Bachelor's degrees to attract more students.
8. Offering free coffee tastings is a large store that sells groceries also has a large pharmaceuticals section with a 24-hour pharmacy.
9. John always takes his car to the same place for an oil change - Augmented
10. Response qualities is not a service of quality attribute.
What is Service marketing?This is defined as the marketing that businesses that provide a service to their customers use to increase brand awareness and sales.
The answers to the questions given can be seen appropriately given above.
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Arriving 20 minutes early to an interview _____. is too early because you will not be able to use your cell phone during that period. is perfect timing for both you and the interviewer will not be enough time to showcase your patience while waiting may be an inconvenience to the interviewer
Alisa is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstores and discount stores. Her daily activities include straightening the cards, pulling outdated or slow sellers, and installing new cards. Alisa is called a(n) specialty-line wholesaler. full-service stocker. in-store maintainer. assembler. rack jobber.
Answer: rack jobber.
Explanation:
A rack jobber is alsso called a rack merchandiser and it refers to a company or a trader that display products and also sells such products in a store.
Since the responsibilities of Alisa include displaying the greeting cards, straightening the cards, pulling outdated cards, and installing new cards, then we can infer that Alisa is a rack jobber.
communist countries worked on the premise that government officials were in the best position to allocate the economy’s scarce resources. T/F
Yes, it is true because communist nations operated under the assumption that the best people to allocate the economy's limited resources were government officials.
What system of resource allocation did the Communists use?Government personnel were assumed to be in the perfect situation to distribute the economy's limited resources in communist countries. These central planners made decisions about who produced and used certain commodities and services, as well as on how much of each was produced.
On what does communism rest?Karl Marx's theories, which he detailed in The Communist Manifesto, are most strongly identified with the political system known as communism. The foundation of communism is the desire to end socioeconomic class conflicts by establishing a fair society where everyone get benefits.
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business professionals are the group most likely to expect an immediate response to an email. Multiple choice question. Older Retired Younger Middle-aged
The business professionals most likely to expect an immediate response to an email is middle-aged business professionals, option D.
Middle-aged business professionals expect an immediate response to emails because they are in a stage of life that is typically marked by intense work responsibilities. They're usually in a higher position, like a director or a CEO, which can contribute to their expectations of speedy communication. They have a lot of responsibilities and can be in a time crunch to complete various tasks, so they tend to work long hours, including weekends, making email communication their primary source of communication. This makes it necessary for them to receive an immediate response to emails to ensure that work is done efficiently and on time. So the option D is tne correct option.
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At the end of the third month of an agricultural project implementation, you planned to have completed the work/task at a cost of R4.5m but discover that you have in fact completed 40% and have actually spent R3m. Determine the following: a. ACWP b. BCWP c. BCWPS d. CV e. SV f. CPI g. SPI h. Comment on the results
The agricultural project is behind schedule and over budget, with only 40% completion and an expenditure of R3m out of the planned R4.5m. The cost variance (CV) is negative, indicating overruns, while the cost performance index (CPI) is 0.6, highlighting inefficiencies. The schedule performance index (SPI) remains at 1.0, reflecting adherence to the planned timeline.
To determine the values for ACWP, BCWP, BCWPS, CV, SV, CPI, and SPI, we'll use the following formulas:
ACWP (Actual Cost of Work Performed) = Actual Cost
BCWP (Budgeted Cost of Work Performed) = Planned Cost * Percentage Completed
BCWPS (Budgeted Cost of Work Performed Schedule) = Planned Cost * Percentage Scheduled
CV (Cost Variance) = BCWP - ACWP
SV (Schedule Variance) = BCWP - BCWPS
CPI (Cost Performance Index) = BCWP / ACWP
SPI (Schedule Performance Index) = BCWP / BCWPS
Planned Cost = R4.5m
Percentage Completed = 40%
Actual Cost = R3m
a. ACWP = Actual Cost = R3m
b. BCWP = Planned Cost * Percentage Completed = R4.5m * 40% = R1.8m
c. BCWPS = Planned Cost * Percentage Scheduled = R4.5m * 40% = R1.8m
d. CV = BCWP - ACWP = R1.8m - R3m = -R1.2m
e. SV = BCWP - BCWPS = R1.8m - R1.8m = 0
f. CPI = BCWP / ACWP = R1.8m / R3m = 0.6
g. SPI = BCWP / BCWPS = R1.8m / R1.8m = 1.0
Based on the results:
- The ACWP (Actual Cost of Work Performed) is R3m, indicating the actual cost incurred.
- The BCWP (Budgeted Cost of Work Performed) and BCWPS (Budgeted Cost of Work Performed Schedule) are both R1.8m, showing that only 40% of the planned work has been completed as scheduled.
- The CV (Cost Variance) is -R1.2m, suggesting that the project is over budget.
- The SV (Schedule Variance) is 0, indicating that the project is on schedule.
- The CPI (Cost Performance Index) is 0.6, indicating that the project is not performing well in terms of cost efficiency.
- The SPI (Schedule Performance Index) is 1.0, suggesting that the project is performing as per the planned schedule.
Overall, the project is behind schedule, with a cost variance indicating it is over budget. The cost performance index (CPI) of 0.6 suggests that the project is not efficiently utilizing its budget.
However, the schedule performance index (SPI) of 1.0 indicates that the project is maintaining the planned schedule.
These results highlight the need to address cost control measures and improve cost efficiency to bring the project back on track.
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how can we use the list of preference while making decisions
Answer:
you Nepal ?
Explanation:
hey what you asking
In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
Logan, an employee of Argon Industries, earned a salary of $60,000 in year 2. In addition, the following two transactions between Logan and Argon occurred in year 2: Logan received a bonus of 100 shares of publicly traded stock worth $13,000 with a basis to Argon of $8,000, and Logan purchased 1,000 shares of unrestricted Argon stock pursuant to a nonqualifying stock option plan for $10 per share when stock was valued at $25 per share. What amount of compensation should Argon report in Logan's Form W-2 for year 2
Answer:
$88,000
Explanation:
Calculation to determine What amount of compensation should Argon report in Logan's Form W-2 for year 2
First step is to determine the bargain element
Bargain Element=$25 per share-$10per share
Bargain Element=$15 per share
Now let determine the amount of compensation
Using this formula
Compensation=Salary earned+Taded stock+(Shares of publicly traded stock*Bargain element)
Let plug in the formula
Compensation=$60,000+$13,000+($100 shares*$15 per share)
Compensation=$60,000+$13,000+$15,000
Compensation=$88,000
Therefore the amount of compensation that Argon should report in Logan's Form W-2 for year 2 $88,000
How does capitalism helps economic growth achievement in developing countries?
Accroding to lapena what is the importance of the oral tradition?
to what extent do you agree with his opinions why?
Answer:
Oral tradition is a form of human communication that transmits knowledge, ideas, culture, thoughts, beliefs and other issues of social or ideological nature through verbal communication. Therefore, this was the main means of knowledge transmission in pre-literate societies, where older generations transmitted their knowledge to younger people, and also an important aspect in literate societies in parallel with written literature.
Therefore, since it is the first means of transmitting knowledge, and is still applied today in smaller social groups such as the family, oral tradition is a fundamental part in the construction of knowledge and people's identity.
ANSWER QUICK
If the price of raw materials rises, a company’s _____ cost increase.
Ivanhoe Company manufactures basketballs. The first step is the production of internal rubber bladders. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the Bladder Department for July 2022 are as follows:
Production Data—Basketballs
Units
Percent Complete
Work in process inventory units, July 1
500 60% Units started into production
1,110 Work in process inventory units, July 31
600 30% Cost Data—Basketballs
Work in process, July 1
Materials
$720 Conversion costs
600 $1,320 Costs added during July
Direct materials
2,661 Direct labour
1,570 Manufacturing overhead
1,876 (a)
Calculate the following: (Round unit costs to 2 decimal places, e.g. 15.25.)
1. The equivalent units of production for materials and conversion costs
Equivalent Units of Production
Direct materials
enter a number of units
Conversion costs
enter a number of units
2. The unit production costs for materials and conversion costs
Cost per unit
Direct materials
enter a dollar amount rounded to 2 decimal places
Conversion costs
enter a dollar amount rounded to 2 decimal places
3. The assignment of costs to units completed and transferred out and to work in process at the end of the accounting period
Costs accounted for
Completed and transferred out
$enter a dollar amount
Work in process inventory, July 31
Direct materials
$enter a dollar amount Conversion costs
enter a dollar amount enter a subtotal of the two previous amounts
Total costs accounted for
$enter a total amount
The solution is as follows:1. The equivalent units of production for materials and conversion costsEquivalent Units of Production are a measure of production in the production process that calculates the number of completed units and the work-in-process (WIP) units' percentage of completion of the units in a specific period. Therefore, the equivalent units of production for materials and conversion costs are as follows: Equivalent Units of ProductionDirect materials
1611Conversion costs
1110 x 30% + 600 x 100%
= 420 + 600
= 1020Answer:Direct materials: 1611 unitsConversion costs: 1020 units2.
The unit production costs for materials and conversion costsCost per unit is the total cost of producing an item divided by the number of units produced. Therefore, the unit production costs for materials and conversion costs are as follows:Cost per unitDirect materials
= Total direct materials cost / Equivalent Units of Production for direct materials
= $2,661 / 1611
= $1.65Conversion costs
= Total conversion cost / Equivalent Units of Production for conversion costs
= $2,476 / 1020
= $2.43Answer:Direct materials: $1.65Conversion costs: $2.433.
The assignment of costs to units completed and transferred out and to work in process at the end of the accounting periodIn the given problem, the costs are assigned as follows:Costs accounted forCompleted and transferred out
= Cost per unit * Units completed and transferred out
= ($1.65 + $2.43) * 500
= $1,540Work in process inventory, July 31Direct materials
= Cost per unit * Units in ending WIP inventory * Percent complete of ending WIP inventory
= $1.65 * 600 * 30%
= $297Conversion costs
= Cost per unit * Units in ending WIP inventory * Percent complete of ending WIP inventory
= $2.43 * 600 * 30%
= $437enter a subtotal of the two previous amounts= $297 + $437
= $734Total costs accounted for= $1,540 + $734
= $2,274Answer:Completed and transferred out: $1,540Work in process inventory, July 31Direct materials: $297Conversion costs: $437enter a subtotal of the two previous amounts: $734Total costs accounted for: $2,274.
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