Answer:
The correct answer is: served one (1) year or more in jail.
Explanation:
The National Securities Markets Improvement Act (NSMIA) is a U.S. securities regulation law. It aims to give more regulatory power to the federal government. Under this law, people who would like to apply to become securities brokers must not have a prison history as inmates for more than one (1) year. Otherwise, their application will be denied.
which of these are considered both short-and long-term investments?
Check all that apply.
CDs
Stocks
Savings account
Mutual funds
Bonds
Commodities
Answer:
CDs
Stocks
Mutual funds
Commodities
Explanation:
I got it right on edge, trust me
Short-term investments involve investing money for less than 12 months, which gives less risk with less return and higher liquidity to the investor. On the other hand, long-term investments are done for more than 12 months which gives lower liquidity but with higher risk and returns to investors.
The investments which possess characteristics of both long term and short term investments are CDs, Stocks, Mutual funds, and Commodities. It is due to their combined benefits of short-term and long-term low risk, high returns, and even investments could be made for less than 12 months.
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If your uncle borrows $56,000 from the bank at 10 percent interest over the eight-year life of the loan. Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. What equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answer:
a. Annually equal instalment = Principal x rate x ( (1+rate)n / (1+rate)n -1 )
Explanation:
Accrding to the following formula, we calculate the anually equal instalment.
So, instalment = 56000 x 0.10 x ( (1.10)8 / (1.10)8 -1) = $10496.86498 ~ $10496.86
60.org, an organization working toward curbing climate change, recently conducted an interview with Jessica for the position of a public relations officer. However, the interviewers Brenda and Laura are divided over whether Jessica should be given the job. Brenda believes that Jessica does not have in-depth knowledge about the issue of global warming and its impact. On the other hand, Laura feels that Jessica would be perfect for the job because she has strong networking and interpersonal skills. Which of the following, if true, would strengthen Laura's argument?
A) Gaining the support of corporate giants would comprise a large part of the job.
B) Jessica will need to prepare extensive reports about the issue of climate change.
C) The role will require Jessica to give presentations to environmental experts on renewable modes of energy.
D) Jessica had negligible experience in research and development.
E) Jessica has weak analytical skills to solve problems associated with implementing options of renewable energy.
Answer:
A. Gaining the support of corporate giants would comprise a large part of the job
Explanation:
With Jessica's strong networking and interpersonal skills, she would be able to gain the support of corporate giants
Suppose your company sells goods for $340, of which $220 is received in cash and $120 is on account. The goods cost your company $133 and were paid for in a previous period. Your company also recorded salaries and wages of $90, of which only $34 has been paid in cash. Record the sales revenue of $200 for cash and $100 on account and record the cost of goods sold of $125 using one journal entry 2. Record the salaries and wages expense of $70. journal entry has been entered
Answer:
The Journal entries are as follows:
(1) Cash A/c Dr. $200
Account receivable A/c Dr. $100
Cost of goods sold A/c Dr. $125
To sales revenue $300
To Inventory $125
(To record the sales revenue)
(2) Salaries and wages expenses A/c Dr. $90
To Cash $34
To salaries and wages payable $56
(To record the salaries and wages expense of $90)
To record the sales revenue and cost of goods sold, a journal entry can be created combining the two transactions. Additionally, the salaries and wages expense can be recorded in a separate journal entry.
Explanation:To record the sales revenue of $200 for cash and $100 on account, and record the cost of goods sold of $125 using one journal entry, you can create the following entry:
Date: [Date]
Account Debit Credit
Cash $200
Accounts Receivable $100
Sales Revenue $300
Cost of Goods Sold $125
Inventory $125
To record the salaries and wages expense of $70, you can create the following entry:
Date: [Date]
Account Debit Credit
Salaries and Wages Expense $70
Cash $34
Accounts Payable $36
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Only the short-run Phillips curve is downward sloping because: a in the long run, prices adjust, eliminating the relationship between inflation and unemployment. b central banks only have influence over the economy in the long run. c central banks have no influence over the economy in the short run. d in the long run, prices are sticky, eliminating the relationship between inflation and unemployment. e long-run effects of monetary policy are negated by fiscal policy.
Answer:
a in the long run, prices adjust, eliminating the relationship between inflation and unemployment
Explanation:
Philip's curve states that there is an inverse relationship between inflation and unemployment in the short run. However, in the long run, workers and consumers adapt to the new environment.
Hannah lives in place where rice is the staple diet of the people and eating wheat or potatoes is associated with poverty and inferior status. This association that favors the consumption of rice to wheat or potatoes is an example of consumer _____awarenessadvocacyculturebasenetwork
Answer:
Culture
Explanation:
This is totally about culture. In different societies and cultures, people give meaning to things. In this culture, they give meaning to eating rice to a staple diet and eating potato as poorness. In the "health" or "fitness" sector they might argue that eating rice is best for a staple diet so which is influencing people to eat rice. Also, if the potato is cheap then people with low salaries only can eat a potato that's why this might be the reason for these associations created as a cultural issue. However, these same items might be different for another culture or society as potato is a food that can only eatable by rich people.
During the month of March, Sunland Company’s employees earned wages of $79,000. Withholdings related to these wages were $6,044 for Social Security (FICA), $9,258 for federal income tax, $3,827 for state income tax, and $494 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $864 for state unemployment tax.Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April.
Answer:
The Journal entry is as follows:
On March 31st,
Salaries and Wages Expense A/c Dr. $79,000
To Wages Payable $59,377
To Federal Withholding Payable $9,258
To FICA Payable $6,044
To State Withholding Payable $3,827
To Union Dues Payable $494
(To record the salaries and wages expense and salaries and wages payable)
With Kanban, project management becomes a game of facilitating and implementing better risk management.
O True O False
The given statement "With Kanban, project management becomes a game of facilitating and implementing better risk management" is True
Explanation:
Project managers will soon understand the critical importance of the effective development team and the position of group-building in facilitating the quality of project management. Nonetheless, the distinction between success and failure can often be attributed to the productivity of the project team.
Project Team Members are responsible for initiating interaction between R&D and consumers.
The progress of the project can be measured objectively by the effective team building. Although the team bonding process can involve frustration and energy on all sides, the rewards can be enormous.
The times (in minutes) that several underwriters took to review applications for similar insurance coverage are 50, 230, 52, and 57. What is the median length of time required to review an application?
a. 54.5
b. 141.0
c. 97.25
d. 109.0
Answer:
a. 54.5
Explanation:
The computation of the median length of time required is shown below:
= (52 + 57) ÷ 2
= 109 ÷ 2
= 54.5
Simply we first add the 52 and 57 and then divide it by 2 so that the accurate median length of time can come
All other time which is mentioned is irrelevant. Hence, ignored it i.e 230 and 50 insurance coverage as this is not a part of the computation so we do not considered it
The following information is available for Wade Corp.: Sales $580,000 Total fixed expenses $150,000 Cost of goods sold 390,000 Total variable expenses 360,000 A CVP income statement would report Select one: a. gross profit of $190,000. b. contribution margin of $430,000. c. gross profit of $220,000. d. contribution margin of $220,000.
Answer:
Contribution margin = Total sales - Total variable cost
= $580,000 - $360,000
= $220,000
A CVP income statement would report contribution margin of $220,000
The correct answer is D
Explanation:
CVP income statement usually separate variable cost from fixed cost. In this case, there is need to determine contribution margin, which is the excess of total sales over total variable cost.
Wade Corp.'s CVP income statement would report a gross profit of $190,000 and a contribution margin of $220,000.
Explanation:In Wade Corp.’s given scenario, the necessary measures would be to calculate the gross profit and the contribution margin. The gross profit is computed by subtracting the cost of goods sold from sales revenues, i.e., $580,000 - $390,000 = $190,000 . The Contribution Margin, on the other hand, is determined by subtracting total variable expenses from sales, i.e., $580,000 - $360,000 = $220,000. Therefore, the answer to your question would be: a. gross profit of $190,000, and d. contribution margin of $220,000.
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Your pro forma income statement shows sales of $ 1 comma 023 comma 000, cost of goods sold as $ 483 comma 000, depreciation expense of $ 104 comma 000, and taxes of $ 174 comma 400 due to a tax rate of 40 %. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.)
Sales $
Cost of Goods Sold $
Gross Profit $
Depreciation $
EBIT $
Taxes (40%) $
Earnings $
Answer:
This question require us to complete the pro forma income statement given in the question. The complete income statement pro forma is given below.
Sales $ $ 1,023,000
Cost of Goods Sold $ ($ 483,000)
Gross Profit $ $ 540,000
Depreciation $ ($ 104,000)
EBIT $ $ 436,000
Taxes (40%) $ ($ 174,400)
Earnings $ $ 261,600
Pro forma earning is 261,600.
Cash flow will be Earning + Depreciation = 261,000 + 104,000 = $ 365,000.
Brandi recently began a new position as VP Sales for Otis Elevatos, a large firm selling new equipment for new construction, replacement elevators for existing buildings, and service contracts to maintain elevators. Otis Elevators sales representatives typically work closely with construction engineers and electrical contractors on new construction projects to determine the best placement and type of elevator to install to ensure efficient and safe operation. Which factor favoring the use of personal selling relates to this activity?
Answer: technical complexity
Explanation: In simple words, technical complexity refers to the arrangement in which an issue or a task is difficult to do due to its difficult to understand relationship between its internal variables.
Personal selling refers to the process in which an organisation hires some sales personnel who by using their ability and expertise tries to persuade the potential customer to buy the product.
Personal sling is used by the organisations where the product to be sold is technically complex to use as the salesperson can himself or herself educate the customer of how to use the product for maximum benefit.
The 12/31/2012 Balance Sheet of ABC Corp. reported 10% bonds payable with a face amount of $100 million. The bonds were issued in 2000 and had a remaining discount of $1,200,000 at 12/31/2012. On 01/01/2013, ABC Corp. called the bonds at a price of 103. What entry will ABC make on 01/01/2013 to retire the bonds?
Answer:
JOURNAL ENTRIES:
Debit: Bonds payable $100,000,000
Debit: Loss on bond retirement $4,200,000
Credit: Discount on bonds payable $1,200,000
Credit: Cash $103,000,000
Explanation:
The bonds were retired at 103. Therefore they have been paid $100 million x 1.03 = $103 million to retire the bonds.
$103 million would be credit to cash.
Other journal entries include:
Debit to Bonds payable of $100 million.
Credit to Discount on bonds payable of $1,200,000.
So you have a credit of $103 million a credit of $1,200,000 and a debit of $100 million. To make debits equal credits, you need a debit of $4,200,000. And this would be a loss on bond retirement.
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,500,000 of 5% convertible bonds outstanding during 2018. The preferred stock is convertible into 40,000 shares of common stock. During 2015, Hanson paid dividends of $.90 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2018 was $600,000 and the income tax rate was 30%. Reference: Ref 16-5 Diluted earnings per share for 2018 is (rounded to the nearest penny) Group of answer choices
a. $2.29.
b. $2.12.
c. $2.08.
d. $2.50.
Answer:
Option (a) is correct.
Explanation:
Convertible preferred stock:
Numerator effect = 20,000 shares × $3
= $60,000
Denominator effect = 40,000 shares
Overall effect = $60,000 ÷ 40,000
= $1.50
Convertible bonds:
Numerator effect = $1,500,000 × 5% × (1 - 0.30)
= $52,500
Denominator effect = ($1,500,000 ÷ $1,000) bonds × 30 shares
= 45,000 shares
Overall effect = $52,500 ÷ 45,000
= $1.17
Tentative diluted EPS with only convertible bonds effect:
= [$600,000 - (20,000 × $3) + $52,500] ÷ (200,000 + 45,000)
= $592,500 ÷ 245,000
= $2.42
Effect of convertible preferred:
= [$592,500 + $60,000] ÷ (245,000 + 40,000)
= $2.29
The diluted earnings per share for 2018 is $2.29.
Convertible preferred stock:
Numerator effect = 20,000 shares * $3
Numerator effect = $60,000
Denominator effect = 40,000 shares
Overall effect = Numerator effect / Denominator effect
Overall effect = $60,000 / 40,000
Overall effect = $1.50
Convertible bonds:
Numerator effect = $1,500,000 * 5% * (1 - 0.30)
Numerator effect = $1,500,000 * 5% * 0.70
Numerator effect = $52,500
Denominator effect = ($1,500,000/$1,000) bonds * 30 shares
Denominator effect = 45,000 shares
Overall effect = Numerator effect / Denominator effect
Overall effect = $52,500 ÷ 45,000
Overall effect = $1.17
Tentative diluted EPS with only convertible bonds effect:
= [$600,000 - (20,000*$3) + $52,500] / (200,000 + 45,000)
= $592,500 / 245,000
= $2.42
Effect of convertible preferred = [$592,500 + $60,000] / (245,000 + 40,000)
Effect of convertible preferred = $652,500 / $285,000
Effect of convertible preferred = $2.29
Therefore, the diluted earnings per share for 2018 is $2.29.
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The Harsanyi Corp. is considering four investments. Which provides the highest after-tax return for Harsanyi Corp. if it is in the 34% federal tax bracket
Answer:
The correct answer is letter "D": Preferred stock at 6.0%.
Explanation:
After-Tax Return is the revenue companies earn after the tax deduction according to the bracket they fall into. It expresses the firm's real earnings ad can be expressed in ratios (percentages). Calculating the after-tax return implies considering all the profits an organization had within a period and all its costs.
In the example:
After-tax return on Treasury bonds = 5% x (1 - 0.34) = 3.3% After-tax return on corporate bonds = 8% x (1 - 0.34) = 5.28% After-tax return on municipal bonds = 5% x (1 - 0.34) = 3.3% After-tax preferred return = Before-tax preferred stock yield x [1 - (Tax rate)(0.30)] = 0.06 x [1 - (0.15)(0.30)] = 5.73%Then, the highest after-tax return is provided by investing in preferred stocks at 6.0%.
Which of the following changes would increase structural unemployment? Select one:
a. An increase in the speed that firms and potential workers exchange information
b. A recession caused by a drop in total spending
c. A decrease in the minimum wage
d. Increased globalization that moves the economy from a manufacturing-based economy to a more service-based economy
Answer:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
Explanation:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
As manufacturing will decrease, the number of jobs will decrease drastically because the number of industries will become small.
The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 per unit. The volume increased by 2,400 units to 14,000 actual total units. a. Determine the variable cost quantity factor. $ Increase in variable cost of goods sold b. Determine the unit cost factor for variable cost of goods sold.
The variable cost quantity factor is $9,600, which represents the change in variable costs due to an increase in volume. The unit cost factor for variable cost of goods sold is $56,000, which shows the monetary impact of the difference between actual and planned costs per unit.
Explanation:In this business scenario, we are trying to calculate the 'variable cost quantity factor' and 'unit cost factor'. The variable cost quantity factor is determined by the change in volume, and the difference in expected and actual variable costs per unit.
a. To calculate the '$ Increase in variable cost of goods sold', you need to multiply the additional volume by the actual unit variable cost: 2,400 units * $140/unit = $336,000. Then, calculate the expected variable cost: 2,400 units * $136/unit = $326,400. The variable cost quantity factor is actual cost - expected cost: $336,000 - $326,400 = $9,600.
b. To calculate the 'unit cost factor for variable cost of goods sold', find the difference between the actual and planned cost per unit and multiply this by the actual total units: ($140/unit - $136/unit) * 14,000 units = $56,000.
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The output of the Private Sector provides about _____ percent of the production of the nation..
Answer:
The correct word for the blank space is: seventy (70).
Explanation:
The economy can be divided into two main sectors: the Private Sector and the Public Sector. The Private Sector refers to all organizations within a country that are owned by people acting on their behalf primarily for profit for themselves and their fellow owners. It is believed, the Private Sector output represents around 70% of the total production of a country.
Bachman, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land $ 15,000 Surveys and legal fees 1,300 Land clearing 900 Fencing 7,000 Install lighting and signage 1,360. What amount should be recorded as the cost of the land in the corporation's books?
The cost of the land to be recorded on Bachman, Inc.'s books is $17,200, which is the sum of the acquisition of land, surveys and legal fees, and land clearing costs. Expenses for fencing and installing lighting and signage are not included in the land cost as they pertain to improvements rather than acquisition and preparation.
Bachman, Inc. incurred various costs during the development of a shopping center. To determine the amount that should be recorded as the cost of the land, we need to consider the historical cost rule of accounting. This rule dictates that all expenditures directly related to the acquisition and preparation of the land for its intended use should be included in the cost of the land.
The costs would include:
Acquisition of land: $15,000Surveys and legal fees: $1,300Land clearing: $900However, expenses such as fencing and installing lighting and signage are not directly tied to the land's purchase and preparation but rather to subsequent improvements. Therefore, the cost of the land in Bachman, Inc.'s books would be the sum of the acquisition cost, surveys, and legal fees, and land clearing expenses, which would total $17,200.
_____________ include resellers, physical distribution firms, marketing servicesagencies, and financial intermediaries.
a. Marketing intermediaries
b. Competitor networks
c. Suppliers
d. Service representatives
Answer:
a. Marketing intermediaries
Explanation:
Marketing intermediaries are independent firms that assist in the flow of goods and services from producers to end-users; they include agents, wholesalers and retailers; marketing services agencies; physical distribution companies; and financial institutions. Also referred to as Middlemen
2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assume your school has 1,000 students. A. To generate a 95% confidence interval for the proportion of students who favor the elimination of a curfew, what's the minimum number of students you need if you want the margin of error to be 5%? (9 points)
Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.
Explanation:
Cochran’s Sample Size Formula gives the minimum number of students as [tex]n= \frac{z^{2}pq }{e^{2} } [/tex]
Where:
e is the desired level of precision (i.e. the margin of error),
p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.
The z-value for 95% confidence interval is found to be 1.96 in a Z table.
Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.
Then [tex]n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )[/tex]
[tex]n= frac{0.9604}{0.0025} } [/tex]
[tex]n= {384.16 } [/tex]
Rounding up, [tex]n= \frac{385 } [/tex]
But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:
[tex]s = \frac{n}{1 + \frac{n - 1}{N} }[/tex]
Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.
[tex]s = \frac{385}{1 + \frac{385 - 1}{1000} }[/tex]
[tex]s = \frac{385}{1 + \frac{384}{1000} }[/tex]
[tex]s = 278[/tex]
To generate a 95% confidence interval with a 5% margin of error, you need to survey at least 385 students out of 1000 at your school. This calculation assumes a z-score of 1.96 (for a 95% confidence level) and a 50% estimated proportion of the population.
Explanation:The subject of this question falls within the domain of Statistics, specifically dealing with the creation of a 95% confidence interval to determine a proportion. A confidence interval is a type of estimate computed from the statistics of the observed data. It would give a range of values that is likely to contain an unknown population parameter, the true average, for example.
In this case, you want the margin of error to be 5%. For a 95% confidence level, the z-score is approximately 1.96 (since there's a 95% chance that the true proportion falls within 1.96 standard deviations of the sample proportion).
The minimum sample size needed can be calculated using the formula:
n = (Z² * P * (1-P)) / E²
Where:
Z = Z-score (which is 1.96 for a 95% confidence level)
P = estimated proportion of the population (since we don't have an estimated proportion, we use 0.5, which maximizes the required sample size)
E = margin of error (0.05 in this case)
Plug these values into the formula gives us:
n = (1.96² * 0.5 * (1-0.5)) / 0.05² = 384.16
As we can't survey a fraction of a student, we round up to the nearest whole number. So, the minimum number of students needed to survey to create a 95% confidence interval with a 5% margin of error would be 385 students.
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When the implied value exceeds the aggregate fair values of identifiable net assets, the residual difference is accounted for as:a. excess of implied over fair value.b. a deferred credit.c. difference between implied and fair value.d. goodwill.
Answer:
goodwill
Explanation:
Goodwill is when the purchase price of a company is greater than the fair market value of the company's identifiable assets and liabilities.
If you were to log onto www.census.gov and click on "Foreign Trade," then click on "Statistics," and finally on "State ExportData," you will find a list of the products produced in yourstate, which are exported around the world. You discover that Ohio exports more to Canada and Mexico than all other countries combined. Is this factsurprising?
A. No, because of NAFTA, you would expect the export of goods to Canada and Mexico to be substantial.
B. Yes, because NAFTA is widely regarded as a failure, youwouldn't expect the countries in the agreement to trade much with each other.
C. Yes, Ohio's exports should be as diverse as that state's economy.
D. No, Canada is so close to Ohio that transportation costs must be very low.
Answer:
A. No, because of NAFTA, you would expect the export of goods to Canada and Mexico to be substantial.
Explanation:
Even though exists a lot of debate surrounding the benefits of NAFTA to the US, trade agreements tend to increase more than proportionally the commercial exchange between parties. In this case, Canada and Mexico are both parts of NAFTA, so being the most important commercial partners of Ohio should not be a surprise.
Growth Enterprises believes its latest project, which will cost $82,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $7,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 5%.
a. If the discount rate for this project is 10%, what is the project NPV? (Do not round intermediate calculations.)
b. What is the project IRR? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
a. The value of NPV for the project is $36,423.15 at 10% discount rate. B. The IRR is 35%.
Explanation:
Defining the year 1 where the company invest the money, the perpetuity starts in the third year, so for the NPV calculation the calculation of the perpetuity has to be brought to present-day after its first calculation: NPV of perpetuity = [(7000/(0,1-0,05))/(1+0,1)^3]. This value has to be summed to the present value of other cash flows: [(7000)/(1+0,1)^2]+[(-82,000)/(1+0,1)^1]
In January of 2015, the appropriate construction cost index had a value of $3,260. In January of 2005, the value was $1,746. In January 2010 you received a bid for a structure of 7.25 million. Another building (virtually identical) is planned for a bid opening in January 2020. Estimate the new building bid.
Answer:
11.63 million dollar
Explanation:
In 2005 the construction cost index was 1746 , in 2015 , it was 3260.
change in index in 10 years = 3260-1746 = 1514
change in 5 years ( estimated ) = 757
Estimated index in 2010 = 1746 + 757
= 2503
Estimated index in 2020 = 3260 + 757
= 4017
Value of building in 2010 = 1746 million dollar
Value of similar building - X
X / 1746 = index in 2020 (probable ) / index in 2010
X / 7.25 = 4017 / 2503
X = 11.63 million dollar
MoveOn.org was one of the first groups to successfully organize a large number of people around issues like partisan bickering and the power of corporate lobbies in Washington. This was, in large part, because it used innovative technology to locate, recruit, and organize supporters. This is exactly what ________ theory would predict.
Answer:
Resources Mobilization Theory
Explanation:
It is theory of social movements that argues success movements gain traction by acquiring and successfully using resources to their advantage to achieve their goals.
This was, in large part, because it used innovative technology to locate, recruit, and organize supporters. This is exactly what resource mobilization theory would predict.
Explanation:Resource mobilization theory is a sociological and political theory that explains social movements' success in terms of their ability to acquire and effectively utilize resources such as money, people, and organizational support. It emphasizes the importance of resource acquisition, organization, and strategic planning in achieving social and political change through collective action.
In the context of the provided information, the theory that would predict the success of MoveOn.org in organizing supporters through innovative technology is the resource mobilization theory. This theory explains movement success based on the ability to acquire resources and mobilize individuals, and it emphasizes the importance of time and money as resources.
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Exercise 118 The information shown below is taken from the accounts of Waverly Corporation for the year ended December 31, 2017. Net income $314,000 Amortization of patent 12,000 Proceeds from issuance of common stock 103,000 Decrease in inventory 27,000 Sale of building at a $15,000 gain 85,000 Decrease in accounts payable 15,000 Purchase of equipment 185,000 Payment of cash dividends 24,000 Depreciation expense 55,000 Decrease in accounts receivable 23,000 Payment of mortgage 75,000 Increase in short-term notes payable 8,000 Sale of land at a $5,000 loss 40,000 Purchase of delivery van 33,000 Cash at beginning of year 205,000 Prepare a statement of cash flows for Waverly Corporation for the year ended December 31, 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $314,000
Adjustment made:
Add : Depreciation expense $55,000
Add: Amortization of patent $12,000
Less: Gain on sale of building -$15,000
Add: Loss on sale of land $5,000
Add: Decrease in accounts receivable $23,000
Add: Increase in short-term notes payable $8,000
Add: Decrease in inventory $27,000
Less: Decrease in accounts payable -15,000
Total of Adjustments $100,000
Net Cash flow from Operating activities $414,000
Cash flow from Investing activities
Sale of building $85,000
Less: Purchase of equipment -$185,000
Sale of land $40,000
Less: Purchase of delivery van -$33,000
Net Cash flow from Investing activities -$93,000
Cash flow from Financing activities
Proceeds from issuance of common stock $103,000
Less: Payment of cash dividends -$24,000
Less: Payment of mortgage -$75,000
Net Cash flow from Financing activities $4,000
Net Cash flow from Operating activities $414,000
Net Cash flow from Investing activities -$93,000
Net Cash flow from Financing activities $4,000
Net increase (decrease) in cash for the year is $325,000
Add: Cash at beginning of year $205,000
Ending cash balance $530,000
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of factory overhead):
Plus Max
Units produced 200 16,000
Batch size (units) 10 400
Number of setups 20 40
Direct labor hours per unit 5 5
Total direct labor hours 1,000 80,000
Cost per setup $1,080
Total setup cost $64,800
1. With traditional two-stage allocation of overhead costs, using direct labor hours as the allocation base, the setup cost portion of overhead that is allocated to each unit of product for Plus and Max, respectively is __________?
Answer:
$4 and $4
Explanation:
The computation are shown below:
Per hour cost = Total set up cost ÷ Total direct labor hours
= $64,800 ÷ $81,000
= $0.8
Now the set up cost would be
= Per hour cost × Direct labor hours per unit
For Plus
= 5 × $0.8
= $4
For Max
= 5 × $0.8
= $4
All other given information is not important. Hence, ignored it
In 2013, the price for a market basket of consumer goods is $800. In the base year, the cost of the identical market basket was $1,000. The price index in this case is
Answer:
The price index is 0.8
Explanation:
Price index = price of consumer goods in 2013/price of consumer goods in the base year = $800/$1000 = 0.8
I simply won’t go into that department store….
Select a statement that uses stereotype.
Multiple Choice
A. It’s full of snobbish people who disguise their happiness with designer handbags and shoes.
B. It is way too far from where I live anyway.
C. They have poor customer service.
D. It never carries the clothes I like.
Answer:
The correct answer is A
Explanation:
Stereotype is the term which is stated or defined as the belief or the mistaken idea that many people have regarding a group or thing and it is grounded on the how they look on the outside, which could be partly true or untrue.
So, the person would not go to that departmental store, because it is full of people who are snobbish (which means a person who feels superiority over those from education levels, lower social classes), who disguise the happiness with the shoes as well as the designer handbags.