Answer:
6. D. Contains a combination of fixed costs and variable costs.
7. B. Does not change with changes in the volume of activity within the relevant range.
8. C. Direct materials, direct labor, and factory overhead.
9. A. Finished goods inventory.
10. D. Work-in-Process inventory.
11. B. Cost of goods purchased.
Explanation:
6. Mixed cost is a combination of fixed costs and variable costs. Therefore, the option "D" is the correct answer. However, it is not directly traceable to a cost object. The mixed cost has not been incurred until the manufacturer uses it. It cannot change up to a specific volume, but mixed cost increases after that limit — for example - Telephone bill or Electric bill.
7. Fixed cost is the cost that does not change as the volume changes within the relevant range. Therefore, option B is right, and option D is incorrect. Because it does not require the future outlay of cash for decision making, it is not directly traceable to a cost object. If the manufacturer does not rent a house for administrative purposes, it can be avoided.
8. The three major cost components of a manufactured product are-
Direct materials, direct labor, and factory overhead. Those are the combination of manufacturing cost. So, C is the answer. Indirect labor and materials are not major cost components, so B is incorrect. Opportunity cost and sunk costs are decision-making costs, so D is wrong. Selling, administrative, and marketing costs are non-manufacturing costs, so A and E are wrong.
9. When the manufacturing firm has completed the production of a specific product but has not yet sold to the customers or third parties, it is termed as the finished goods inventory. In short, it states that the number of manufactured products that are available for sale. It is a current asset for the manufacturer because those can be sold within a year.
10. Work-in-process inventory is such a type of manufacturing inventory or cost that has not yet been manufactured or partially manufactured or in the process of manufacturing. It is not a conversion costs because it may incur the direct labor and manufacturing overhead. It cannot be a finished good or cost of goods sold.
11. A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's cost of goods purchased. Therefore, the option "B" is correct.
The cost of goods sold is measured with the help of the cost of goods purchased. So, option A is incorrect. After adding the costs of goods manufactured with the beginning finished goods inventory, we can get the costs of goods available for sale. Therefore, C, D, and E cannot be the answer.
At the last team meeting both Shelia and Freddy showed up having erroneously accomplished the same task, which meant that one task was left undone. Both Shelia and Freddy were certain that they accomplished their assigned task. Which of the following actions would be most effective to ensure this does not occur again? (A) Assign someone to take detailed meeting minutes/notes to document the discussion.(B) End each meeting with a recap of assignments and send an e-mail indicating assignments.(C) Suggest to the group that a clear chart of roles and responsibility be created.(D) Use a meeting agenda at every meeting and send out the agenda prior to the meeting.
Answer: B
Explanation:
End each meeting with a recap of assignments and send an e-mail indicating assignments. This would allow the assignments stick more so as to prevent lapses.
Wilbert’s, Inc. paid $90,000, in cash, for a piece of equipment three years ago. Last year, the company spent $10,000 to update the equipment with the latest technology. The company no longer uses this equipment in its current operations and has received an offer of $50,000 from a firm who would like to purchase it. Wilbert’s is debating whether to sell the equipment or to expand its operations such that the equipment can be used. When evaluating the expansion option, what value, if any, should Wilbert’s assign to this equipment as an initial cost of the project?a.$40,000b.$50,000c.$60,000d.$80,000e.$90,000
Answer:
b.$50,000
Explanation:
The paid $90,000 and additional $10,000 spent on this equipment is the cost of this equipment, but maybe have been amortized fully in current project already; so we do not need to indicate these amount in the new project.
The company has received an offer of $50,000 for selling this piece of equipment, thus this is an opportunity cost of the project.
And the company should assign this as an initial cost of the project.
Elected officials should be excluded from the planning process because of the potential for political influence.
A. TRUE
B. FALSE
Answer:
The answer is False
Explanation:
Democracy identifies that people have the power to decide for themselves. However, since the populations are vast, the representative democracy allows citizens to elect officials to represent themselves and their needs and interests.
If elected officials are banned, then the Citizen's ability to govern themselves and participate in the planning process is prevented.
Final answer:
The claim that elected officials should be excluded from the planning process due to potential political influence is false; their role is vital in representing constituents. Dillon's Rule restricts, not expands, local government powers, and direct democracy involves citizens voting directly rather than daily politician interactions. Machine politics often led to higher taxes due to corruption.
Explanation:
The statement that 'elected officials should be excluded from the planning process because of the potential for political influence' is FALSE. While it's a valid concern that elected officials might be influenced by politics, it's also part of their role to represent the interests of their constituents within the planning process. They are elected to serve the public interest, and excluding them could undermine the democratic process. Moreover, officials can bring valuable knowledge and oversight to policy discussions. On the other hand, Dillon's Rule does not give local governments freedom and flexibility; rather, it is a principle stating that local governments have only those powers granted by the state and no more. Direct democracy is not about daily interactions with politicians, but rather it implies citizens making decisions through referendums or other forms of vote without intermediary representatives.
Government planners rely on experts such as scientists to provide objective advice in policy-making; however, creating a policy where any failing prediction results in permanent exclusion could lead to overly conservative recommendations and stifle innovation. Thus, incorporating a mixture of elected officials, experts, and public opinion is typically considered a balanced approach in policy-making. In the U.S., the system is not a true democracy as it operates as a republic, where citizens elect representatives to make policy decisions on their behalf.
Concerning colonial governors, they did have the power to veto legislation from colonial assemblies, reflecting the centralized authority of the governing structures of the time. The definition of executive authority is unrelated to the idea of the prime minister or president being 'the leader of the free world'; this is a colloquialism that does not accurately describe executive powers.
Regarding term limits, whether they've led to a significant increase in the number of women in state legislatures is a matter that requires statistical evidence to support. Lastly, a disadvantage of machine politics included the fact that taxpayers often faced higher city taxes due to corrupt practices.
The Pinetop Corporation issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of 2014. All remaining shares are common stock. The company was not able to pay dividends in 2014, but plans to pay dividends of $18,000 in 2015. Assuming the preferred stock is cumulative, how much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2015
Answer:
$12,000 and $6,000
Explanation:
For computing the dividend, first we have to find out the yearly dividend which is shown below:
= Number of shares × par value per share × dividend rate × number of years
= 1,000 shares × $100 × 6% × 2 years
= $12,000
Out of $18,000, the $12,000 will be paid to preferred stockholders and the remaining $6,000 will be paid to common stockholders
Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart has a marginal tax rate of 32 percent. What is the amount and character of Hart's recognized gain or loss if the asset is tangible personal property sold for $550,000?
Answer:
Gain of $150,000.
Explanation:
The recognized gain/loss of an asset is calculated as below:
Recognized gain/loss of a liquidated asset = Sales price - Net book value of a liquidated asset
= Sales price - (Original purchase cost of a liquidated asset - Accumulated depreciation)
Putting all the number, we get:
Recognized gain/loss of Hart's asset = 550,000 - (500,000 - 100,000) = $150,000
Note: tax rate is only relevant when the question is about calculated casfh inflow from liquidating an asset. If that is the case, we take sale price , then subtracted by the tax on gain/loss.
when assisting taxpayers in obtaining an ACA exemption, the tax professional should do which of the following first?
a) the tax professionial should first assist the taxpayer in obtaining a Marketplace exemption prior to assisting the taxpayer in claiming a tax return exemption.
b) the tax professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.
c) the tax professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.
d) none of these answers is correct. the taxpayer is required to obtain ACA exemption on their own.
Answer and Explanation:
b) the tax professional should first assist the taxpayer in claiming a tax return exemption prior to assisting the taxpayer in obtaining a Marketplace exemption.
Answer:
The answer is C
Explanation:
c) the tax professional should first assist the taxpayer in obtaining minimum essential coverage prior to assisting the taxpayer in obtaining an ACA exemption.
Sales taxes tend to be __________ because low income individuals tend to spend more of their income.
Answer:
Regressive.
Explanation:
Sales tax is regressive as it mostly collected from poor or low income consumer, as they spend most of thier income and hardly save money or efford for luxury goods. Sales tax is very important source of revenue for the government, however, it impact heavily on low income people. Low income consumer spend most of the income than consumer with income, which create gap or imbalance between poor and rich.
Which of the following is true?Select one:a. Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.b. The departmental overhead rate is not usually based on measures closely related to production volume.c. The departmental overhead rate is most accurate in assigning overhead costs that are not driven by production volume.d. Allocated overhead costs will be the same no matter which allocation method is used.e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.
Answer:
e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.
Explanation:
Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.
For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .
Trudeau, Inc. is considering Project A and Project B, which are two mutually exclusive projects with unequal lives.
Project A is an eight-year project that has an initial outlay or cost of $140,000. its future cash inflows for years 1 through 8 are the same at $36,500. Project B is a six-year project that has an initial outlay or cost of $160,000. its future cash flows for year 1 through 6 are the same at 48,000. Trudeau's discount rate (hurdle rate) is 13%.a. find the Net Present Value of Project A and B. if Trudeau has enough resources to invest both into project A and B separately, will he accept them?b. calculate IRR for Project A and B, will he accept these projects based on IRR method?
Answer:
NPV
Project A - $35,155.12
Project B - $31,882.39
Tradeau would choose both project A and B
IRR
Project A - 20.01%
Project B - 19.91%
Tradeau would choose both project A and B
Explanation:
The NPV is the discounted cash flow less the amount invested.
The IRR is the discount rate that equates the after tax cash flows from an investment to the amount invested.
The NPV and IRR can be found using a financial calculator:
NPV and IRR for project A
Cash flow for year 0 = $-140,000
Cash flow each year from year 1 -8 = $36,500
I = 13%
NPV = $35,155.12
IRR = 20.01%
NPV and IRR for project B
Cash flow for year 0 = $-160,000
Cash flow for year one to six = $48,000
I =13%
NPV = $31,882.39
IRR = 19.91%
The decision criteria using the NPV is to choose the project with postive NPV. both projects have a positive NPV so they would both be chosen.
The decision criteria using the IRR is to choose the project with IRR greater than the discount rate. Both IRRs are greater than the discount rate, so both projects would be chosen.
I hope my answer helps you
The idea that the relationship between a worker and employer is voluntary and can be terminated at any time, by either party, is the" employment-at-will doctrine. due process principle. corporate governance system. arbitrary employment doctrine.
Answer:
The correct answer is letter "A": employment-at-will doctrine.
Explanation:
The employment-at-will doctrine is an organizational practice in which employers could terminate labor relationships at any moment with no need for explanations and workers as well could cease the relationship without major reason. This practice aimed to avoid lawsuits between employers and workers.
Jim Bob Airlines has one 57 seat plane. On its last five flights it had 44 passengers from MSY to DFW, 49 passengers from DFW to OKL, 36 passengers from OKL to TUL, 30 passengers from TUL to FWB, and 49 passengers from FWB to MSY. For the last five flights, what was the load factor? (Make sure your answer is accurate to one decimal place)
Solution:
Total number of seats in the plane = 57
From MSY to DFW = 44 passangers
From DFW to OKL = 49 passangers
From OKL to TUL = 36 passangers
From TUL to FWB = 30 passangers
From FWB to MYS = 49 passangers
So the average number of seats filled per flight
= (44+49+36+30+49) / 5
= 208/5
= 41.6
For the last 5 flights Load factor = Average number of seats filled per flight / Total number of seats in the plane
= 41.6 / 57
= 0.7298
= 72.9%
So for the last five flights the load factor was 72.9%
The Air Force is in process of completing development on an upgrade to an existing fighter aircraft that will improve survivability and reliability. The contractor has provided the Government with detailed technical drawings and associated costs of the parts, materials, and labor required to produce the system. What cost estimating technique would the Air Force most likely use to prepare their budget estimate for the upgrade?
a. Actual Cost
b. Analogy
c. Parametric
d. Engineering
Answer:
The correct answer is letter "D": Engineering.
Explanation:
Cost engineering is an estimating technique company develops while dealing with complex projects. Usually, a budget is required when implementing new technological equipment or a device that might improve another machine. It includes the costs of procurement, manufacturing, and the final assembly.
Cisco Systems Inc. reported the following in its income statement for the year ended July 30, 2016: Basic earnings per share of $2.13 and diluted earnings per share of $2.11. There were 5,053 million weighted average basic shares were outstanding during the year.
What approximate net income, did the company report for 2016?
A.
$ 7,624 million
B.
$10,662 million
C.
$10,763 million
D.
$ 4,310 million
E.
None of the above
Answer:
net income = $10763 million
so correct option is C. $10,763 million
Explanation:
given data
Basic earnings per share = $2.13
diluted earnings per share = $2.11
weighted average basic shares = 5,053 million
to find out
What approximate net income
solution
we will apply here basic EPS formula that is express as
basic EPS = Net income ÷ Number of outstanding shares ............1
put here value we get net income
net income = $2.13 × 5053000000
net income = $10763 million
so correct option is C. $10,763 million
What do you get when you calculate the present value of the free cash flow of the firm using this discount rate?
Answer:
Explanation:
To calculate the present value of a firm, first, determine the expected free cash flows over the specified time period. Next thing is to determine the present value factor for each year using the discount rate given. Next, multiply the respective discount factor by each year's cashflow. This will give you the Present value for each year. Lastly, sum up individual PVs to get the value of the firm.
Factor Co. can produce a unit of product for the following costs:
Direct material $ 8.10
Direct labor 24.10
Overhead 40.50
Total product cost per unit $ 72.70
1. An outside supplier offers to provide Factor with all the units it needs at $42.35 per unit. If Factor buys from the supplier, the company will still incur 70% of its overhead. Factor should choose to ___________?
Answer:
the relevant cost to make is $44.35
Explanation:
given data
Direct material = $ 8.10
Direct labor = 24.10
Overhead = 40.50
Total product cost per unit = $ 72.70
Cost of purchase = $42.35
solution
we know here that 70% of overhead cost is unavoidable
so we can say that it will not be considered for decision making
so here Cost of manufacturing will be
Cost of manufacturing = $8.10 + $24.10 + ( 30% of $40.50 )
Cost of manufacturing = $44.35
and
Cost of purchase is = $42.35
so here we can say the relevant cost to make is $44.35
A ScrumMaster's role is to also be a Servant Leader. Which of the following characteristics is not a Servant Leader characteristic?
Select one:
A. Let's go and have a cup of coffee and let's discuss what I can do for you.
B. Needs of the Scrum team are met
C. How can I help you?
D. What are you going to do for me today?
Answer:
D. What are you going to do for me today?
Explanation:
The leader should be first a servant, having a desire to serve than to be served. This makes a leader has authority and not just power by having interactions with ones he leads. He is not just interested in building himself but contributing to growth and development of the people around him.
Therefore asking what one will do for you is not a Servant Leader characteristic because it puts the leader first before the people.
Paradise Corp. has determined a standard labor cost per unit of $10.20 (1 hour × $10.20 per hour). Last month, Paradise incurred 1,650 direct labor hours for which it paid $16,005. The company also produced and sold 1,700 units during the month.
Calculate the direct labor rate, efficiency, and spending variances. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.)
Direct Labor Rate Variance
Direct Labor Efficiency Variance
Total Direct Labor Spending Variance
Answer:
Direct Labor Rate Variance = $825 favorable
Direct Labor Efficiency Variance = $510 favorable
Total Direct Labor Spending Variance = $1,335 favorable
Explanation:
The computations are shown below:
Direct Labor Rate Variance
= (Standard rate - Actual rate) × Actual hours
= ($10.20 - $16,005 ÷ 1,650 labor hours) × 1,650 direct labor hours
= ($10.20 - $9.7) × 1,650 direct labor hours
= $825 favorable
Direct Labor Efficiency Variance
= (Standard Hours allowed - Actual hours) × Standard rate
= (1,700 units × 1 hour - 1,650 hours) × $10.20
= (1,700 hours - 1,650 hours) × $10.20
= $510 favorable
Total Direct Labor Spending Variance
= Standard cost - actual cost
= 1,700 hours × $10.20 - $16,005
= $17,340 - $16,005
= $1,335 favorable
When a business wants to change an accounting method for tax reporting, such as the cost-flow method used for inventory, what body must give permission for the change?
Internal revenue service must give permission for the change
Explanation:
The Internal Revenue Service is the federal government's income service. The government agency is a division of the Administration of the Treasury and is subsequently headed by the Internal Revenue Commissioner, designated by the President of the United States for a term of five years.
An adjustment in the accounting method of a company includes a change in its overall plan to pay for gross income or expenses (cash or accumulation methods).
They usually have to request permission to do this by filing Form 3115 with either the International Relations Service if they want to change from the accumulation accounting method to the cash accounting rules.
Which traditional DoD supply chain support strategy holds DoD personnel responsible for providing maintenance and supplies to DoD facilities?
Answer:
Full organic support.
Explanation:
Full organic support is a traditional DoD supply chain assistance policy that accommodates DoD employees accountable towards implementing subsistence and supplies to DoD facilities. This is basically the administration of equipment beyond the DoD accumulation chain including the sustainable assets in accordance amidst DoD Instruction (DoDI) 4105.72, the conventional security associates. Comply with maintaining DoD furthermore Defense Logistics standard accumulation. Employee imperative sourcing and procurement methods are been implemented.
Which document must a prospective buyer of an existing (resale) condominium unit receive?
Answer:
Governance Form.
Explanation:
The buyer has the right to request a copy of several documents, including the Governance Form. This form summarizes the board of directors and unit rights.
Freda's Florist reported the following before-tax income statement items for the year ended December 31, 2018:Operating income $ 250,000Income on discontinued operations 70,000All income statement items are subject to a 40% income tax rate. In its 2018 income statement, Freda's separately stated income tax expense and total income tax expense would be:(A) $100,000 and $100,000, respectively.
(B) $128,000 and $100,000, respectively.
(C) $128,000 and $128,000, respectively.
(D) $100,000 and $128,000, respectively.
Answer:
Income tax expense
= 40% x $250,000 = $100,000
Total income tax expense
= 40% x ($250,000 +$70,000) = $128,000
The correct answer is D
Explanation:
The income tax expense is calculated on the operating income of $250,000 while the total income tax expense is calculated on the gross income of $320,000. Tax is computed at the rate of 40% of the income respectively.
Freda's Florist's separately stated income tax expense and total income tax expense for the year ended December 31, 2018, would be $100,000 and $128,000, respectively. We arrive at these values by applying a 40% tax rate to the combined operating income and income from discontinued operations.
Explanation:To calculate Freda's Florist total income tax expense, we would first need to determine the taxable income, which includes both the operating income and the income on discontinued operations. Let's start by summing those two incomes:
Operating income: $250,000
Income on discontinued operations: $70,000
Total taxable income: $320,000
Then, we apply the tax rate of 40% on this total taxable income to get the total tax expense:
$320,000 * 40% = $128,000.
The separate income tax expense is calculated by applying the tax rate to the operating income: $250,000 * 40% = $100,000.
So, Freda's Florist separately stated income tax expense and total income tax expense would be $100,000 and $128,000, respectively. Therefore, answer '(D)' is correct.
Learn more about Income Tax Calculation here:https://brainly.com/question/34135935
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K has a policy with her husband named as a primary beneficiary and her brother as a contingent beneficiary. One day K's husband and brother both died in a car accident. Who will receive K's proceeds when she dies?
Answer:
K's Estate will receive her proceeds when she dies.
Explanation:
K is the primary beneficiary of her husband, and a contigent beneficiary of her brother.
They die, so K receives proceeds from both of them.
Now, K has to declare her estate, so her proceeds will go to someone when she dies.
So the correct answer is that K's Estate will receive her proceeds when she dies.
Which of the following would shift the supply curve for roses to the right? a. Valentine’s Day is approaching, and everyone wants to buy roses for the people they love. b. There is a fall in the wages paid to workers that grow roses. c. There is a decrease in the number of firms that grow roses. d. There is an increase in the cost of the seeds that growers plant to grow roses.
Answer:
b. There is a fall in the wages paid to workers that grow roses.
Explanation:
A shift to the right in the supply curve means that the supply of roses increased the quantity of roses at the same price. This is only possible is a change in the cost structured improved the capacity of production of roses at the same use of resources. With a fall in salaries of workers is possible to hire more workers and increase the offer of total roses at a same level of previous cost
J has a policy and has a terminal injury. Which of the following benefits would allow J to receive a portion of his proceeds before he dies?
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Jordan operates a consulting business. He uses his personal credit card for both business and personal uses. The total finance charges paid for the year were $942. Jordan's total business charges on this card were 37% of all charges. What amount of interest expenses can be deducted on Jordan's Schedule C?
Answer:
The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54
Explanation:
Allowed expense = $942*37%
= $348.54
Therefore, The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54
Jordan can deduct $348.54 as the business portion of the finance charges from his personal credit card on his Schedule C.
Jordan wants to determine how much of the finance charges paid on his personal credit card can be deducted for business purposes on his Schedule C. Given that the total finance charges for the year were $942 and that Jordan's total business charges on the card were 37% of all charges, we can calculate the deductible business interest expense.
We start by calculating the portion of the finance charges that correspond to business use: 37% of $942. To find this amount, we multiply the total finance charges by the percentage that represents business use. So, the calculation would be 0.37 × $942, which equals $348.54.
This means that Jordan can deduct $348.54 as interest expenses for his business on his Schedule C.
Parker owned all of Odom Inc.Although the Investment in Odom Inc. account had a balance of $834,000, the subsidiary's 12,000 shares had an underlying book value of only $56 per share.On January 1, 2011, Odom issued 3,000 new shares to the public for $70 per share.How does this transaction affect the Investment in Odom Inc. account?a) It should be decreased by $141,120.b) It should be increased by $176,400.c) It should be increased by $48,000.d) It should be decreased by $128,400.e) It is not affected since the shares were sold to outside parties.
Answer:
The answer is d) It should be decreased by $128,400
Explanation:
We have the Total stock holder's equity of Odom is:
Book value of 12,000 outstanding shares + Value of 3,000 newly issued shares = 12,000 x 56 + 3,000 x 70 = $882,000
% of holding Parker has in Odom after the new issuance = 12,000 / (12,000+3,000) = 80%
=> Investment in Odom account balance should be recorded at: 80% x Total stock holder's equity of Odom = 0.8 x 882,000 = $705,600
=> Investment in Odom account should be written down by 705,600 - 834,000 = $(128,400).
So d is the correct choice.
Joss is a marketing consultant Iris and Daphne are potential customers interested in commissioning Joss to undertake a market survey and compile the findings in a report. Iris is willing to pay $500 for the service while Daphne is willing to pay $800. Suppose that the opportunity cost of Joss's time is $1, 200. Assume that Iris and Daphne do not know each other. Which of the following statements is true?
(A) Joss should charge each customer $600, that way he will earn his opportunity cost and it will be fair to both Iris and Daphne.
(B) Joss should charge Iris $500 and Daphne no more than $700, that way he earns his opportunity cost and there is no loss in economic surplus.
(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.
(D) Joss should charge Iris $500 but charging Daphne $800 is unfair because it allows Joss to earn more than his opportunity cost.
Answer:
(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.
Explanation:
Assuming information asymmetries in the market, and Iris and Daphne are incapable of compare their willingness to pay against the average price of the market for this type of service, C is true since Joss maximize the economic surplus by increasing his productivity using the time better than his opportunity cost.
Grant, Inc. had 60,000 shares of treasury stock ($10 par value) at December 31, 2014, which it acquired at $11 per share. On June 4, 2015, Grant issued 30,000 treasury shares to employees who exercised options under Grant's employee stock option plan. The market value per share was $13 at December 31, 2014, $15 at June 4, 2015, and $18 at December 31, 2015. The stock options had been granted for $12 per share. The cost method is used. What is the balance of the treasury stock on Grant's balance sheet at December 31, 2015?a. $210,000.b. $270,000.c. $330,000.d. $360,000.
Answer:
c. $330,000
Explanation:
Step 1. Given information.
Treasury shares = 30.000
Mount of share acquisition = $11
Step 2. Formulas needed to solve the exercise.
The cost method = treasury shares * Mount of share acquisition
Step 3. Calculation
= 30,000 * 11= $330,000
Step 4. Solution.
Balance of Treasury Stock on Grant's Balance Sheet At December 31,2015 using the cost method is $330,000
One of the reasons the reporting of national news is relatively uniform among news source is that
A. The government dictates much of what is reported
B. There are only a few important events each day that merit news coverage
C. The network newscasts are brief and the day's top stories tend to dominate
D. Reporters are not given much freedom by their editors
Answer:
The correct option is C
Explanation:
The major reason why there is relative uniformity in the national news source is because the number of news organization and news services are responsible for generating most of the news, hence the option that network newscast are brief and hence the days top stories tend to dominate is the best option.
Answer:
B. There are only a few important events each day that merit news coverage.
Explanation:
The news sources strive to report important news, thereby making the reporting of the stories relatively uniform. These important stories would be broadcast by the network newscasts but in various dimensions.
The major reason for uniformity among news source is that important daily events are few, and these are what the majority of people intend to be abreast of. No one is interested in irrelevant stories.
A good example is the case of the corona virus 2019 that has bedeviled the whole world at present, most networks broadcast this and a few other stories. This is because they intend to report what majority of their followers wish to know and there are few important stories for the day.
Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made last month.
Where should they start the process?
Answer:
start process is go to Quick Create ( + ) icon after that find Transfer link
Explanation:
given data
transfer = $500
solution
For start the process of transfer the $500 from checking account in to saving account
we first Navigate to the Quick Create icon
Quick Create icon shown as ( + )
click on ( + ) then there we will find transfer link
after click on transfer link we can get process for transfer
so start process is go to Quick Create ( + ) icon after that find Transfer link
The client should start the process by accessing their online banking account. They need to locate the 'Transfer Money' option, specify the amount to transfer, and indicate their checking account as the source and the savings account as the recipient of the $500.
Explanation:To transfer $500 from a checking account to a savings account to cover tax liabilities, the client should start the process by logging into their online banking account. If their checking and savings accounts are with the same financial institution, they should navigate to an option labelled something like, 'Transfer Money' or 'Make a transfer'. Here, they can then go ahead to specify the amount they want to transfer (in this case, $500), and choose their checking account as the 'From' and their savings account as the 'To'. If the accounts are with different banks, the process may involve setting up a link between the two accounts first.
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