Answer:
Consolidated income statement for Pat Corporation and Subsidiary for the year ended December 31, 2011.
(in thousands)
Sales $1,600+$400-$160 $1,840
Less: Cost of sales $800+$160-$160+$40 ($840)
Gross profit $1,000
Other expenses $400 + $120 ($520)
Incomes $480
Explanation:
The Consolidation Process is always 100% of Parent plus the 100% of the Subsidiary. Make sure to eliminate all intragroup transactions.
Thus, first eliminate intragroup transactions as follows
Eliminate Intragroup Sale :
Revenue $160,000 (debit)
Cost of Goods Sold $160,000 (credit)
Eliminate the unrealized profit in closing inventory :
Cost of Goods Sold $40,000 (debit)
Inventory $40,000 (credit)
Then prepare consolidated income statement as follows :
Consolidated income statement for Pat Corporation and Subsidiary for the year ended December 31, 2011.
(in thousands)
Sales $1,600+$400-$160 $1,840
Less: Cost of sales $800+$160-$160+$40 ($840)
Gross profit $1,000
Other expenses $400 + $120 ($520)
Incomes $480
I need help to determine my grade
Answer:
Outstanding Checks should be subtracted from the bank side of the reconciliation because they were subtracted from the book balance when the checks were written.
Explanation:
what are three things you can do to reduce the risk of financial loss for you and your loved ones?
Chaz has an idea for a service business. It has worked well in other markets, and Chaz sees
no reason why it should not work locally. The service involves renting DVDs about colleges
and universities to high school students. The colleges Chaz has contacted are all for it, and
the students he has talked to are excited about the idea as well. However, the three banks
from which he has tried to borrow money to set up his business are skeptical. They have all
turned him down for a loan.
What entrepreneurial characteristic should kick in here if Chaz's business is going to
become a reality? Why is that characteristic so important in this situation? Why is it impor-
tant to entrepreneurs in general?
Answer:
The entrepreneurial characteristic that will help Chaz's business to become a reality is networking with people, especially other finance providers.
Networking will lead Chaz to other sources of finance for his business idea. It will open avenues for financial support at this crucial stage of his business. Entrepreneurs cannot succeed without networking. However, careful choice of people to network with must be exercised at all times.
Explanation:
Since the banks are not willing to support his business with loans, Chaz should deploy his networking ability to seek for finance elsewhere. Finance can come from family and friends. It can also come from venture capitalists and angel investors, when the idea is presented to them.
The Entrepreneurial characteristic which should kick in, if Chaz's business is going to become a reality is the Networking skills.
Networking Skills
Network skill are very important skills for an Entrepreneur, as it helps him/her in making better financial decisions and attract best of investors. In this question, Chaz has all the characterstics of an Entrepreneur but he lacks the networking with people.
It is important beause it helps in attracting investors and have secure sources of finance. It is important for an Entrepreneur because investment is the backbone of any business, and this comes when Entrepreneur has great skills of networking.
Learn More about Entrepreneurial characteristic here:
https://brainly.com/question/1219829
3. Corporate finance, capital markets, and investments Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong. Decision Corporate Finance Capital Markets Investments Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy. Adam, a trader at the New York Stock Exchange (NYSE), executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market. Sabastian works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Sabastian must make decisions regarding the investments that he should recommend to his clients to include in their portfolio.
Answer:
Markets Investments Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and the cost of equipment to buy. - Corporate Finance
This is corporate finance because it relates to decisions that are taken by corporations. In this case, the decision is whether or not to finance new equipment to produce more automobiles.
Adam, a trader at the New York Stock Exchange (NYSE), executes the decisions made by investors and takes action based on requests by different buyers and sellers in the market. - Capital Markets
This is capital markets, because Adam works selling and buying securities in a capital market: the NYSE. He acts as an intermediary between investors, and helps them obtain the best options in the capital markets.
Sabastian works for a financial advising firm. He must create a financial plan and come up with a list of securities in which his client can invest. Sabastian must make decisions regarding the investments that he should recommend to his clients to include in their portfolio. - Investments Finance.
Sebastian works in investment finance because he is helping private clients with their personal investments by letting them know what options they have to put their money on, and helping them decide the best course of action.
Consumer education increases the likelihood of a product purchase true or false
Describe three types of producers.
What will you call an employee who prioritizes her own goals rather than the team’s goal?
Answer:
Selfish, self-centred, self-seeking, self-serving, tactless, greedy.
According to The Wall Street Journal, Mitsubishi Motors recently announced a major restructuring plan in an attempt to reverse declining global sales. Suppose that as part of the restructuring plan Mitsubishi conducts an analysis of how labor and capital are used in its production process. Prior to restructuring Mitsubishi’s marginal rate of technical substitution is 0.17 (in absolute value). To hire workers, suppose that Mitsubishi must pay the competitive hourly wage of ¥1,780. In the study of its production process and markets where capital is procured, suppose that Mitsubishi determines that its marginal productivity of capital is 0.8 small cars per hour at its new targeted level of output and that capital is procured in a highly competitive market. The same study indicates that the average selling price of Mitsubishi’s smallest car is ¥1,250,000. Determine the rate at which Mitsubishi can rent capital and the marginal productivity of labor at its new targeted level of output
Answer:
Rental rate of capital ¥1,000,000
Marginal Product of Labor=0.001424
Explanation:
Calculation to determine the rate at which Mitsubishi can rent capital and the marginal productivity of labor
Calculation for the RENTAL RATE OF CAPITAL using this formula
r=MPK×P
Let plug in the formula
r=0.8×¥1,250,000
r=¥1,000,000
Therefore the rental rate of capital is ¥1,000,000.
Calculation for the MARGINAL PRODUCT OF LABOR
1,780=¥1,250,000*MPL
Hence,
Marginal Product of Labor=1,780/¥1,250,000
Marginal Product of Labor=0.001424
Therefore, the marginal product of labor is 0.001424 cars per hour
(912 289 4970- send gift cards ig idk
Answer:Uhhh chile anyways, so-
Explanation:
Answer:
maybe
Explanation:
Who would be best suited to analyze budgets, create reports, explain information to others, and handle internal company procedures and finances?
Receptionist
Marketing Agent
Manager
Business Analyst
Answer:
Business Analyst
Explanation:
They analyze a business or organizations domain. They also documents its business, processes, or systems. Business Analyst helps in guiding businesses in improving processes, products, services, and software through data analysis
Answer:
its d
Explanation:
edg.2021
Which of the following is a duty of a personal finance manager?
OA. selling property insurance
OB filing tax returns
OC tracking clients' Investments
OD. selling houses
Answer:
OC tracking clients' Investments
Explanation:
Personal finance involves planning and managing an individual income and expenditures to achieve desired financial goals. It includes activities such as income generation, savings, investments, consumption, and insurance. A personal finance manager is a professional who helps their client achieve their financial objectives by assisting them in managing their finances.
The personal finance manager helps the client prepare a financial plan or budget for their current and expected future incomes. They refine the client's financial objectives and draw a roadmap on how to achieve them. A personal finance manager advises on suitable investments and insurance options available in the market. They also truck down on clients Investments.
A sole proprietor can be the principal in a business relationship.
True
False
Answer:
for this question answer is true
b. Suggest four points on which to compare education in the UAE before and after the introduction of
technology in the classroom determining how students benefit from technology in learning
Answer:
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Explanation:
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The Bradshaw family has $200,000 of total assets and $140,000 of liabilities. What is their net worth?
Malleable
Measurable
Maintainable
Manageable
Answer: $60,000
Explanation:
The Net worth of a person or people can be calculated by deducting their liabilities from their total assets.
The net worth of the Bradshaw family is therefore;
= 200,000 - 140,000
= $60,000
The options given are not for this question. There is a similar question which asks what the M in the Goal-setting acronym S.M.A.R.T stands for.
The answer to that is Measurable.
Which action is best if the government wants to redistribute wealth?
A) Implement a progressive tax system
B) Reallocate public lands
C) Raise revenue by using tariffs and excise taxes
D) Reorganize collectively-owned property
Answer:
A. Implement a progressive tax system.
Explanation:
In the progressive tax system, people who earn the most in the country will have to pay the largest percentage of tax from their income.
This can be used as a method to redistribute wealth because the government can use the amount of money from that income tax to fund various programs that can be used to help the people who earn less (such as medical aid, food stamps, loans to open small business, education, public infrastructure, etc)
The offeror may _____ the offer at any time prior to acceptance.
renew
revoke
revise
all of the above
REVOKEEEEEEEEEEEEEEEEEE
Answer:
Revoke
Explanation:
A _____ is a person who does a job for a specified time period, usually less than six months. For example, some agricultural workers are often employed only for harvesting. Entrepreneur job sharing flexible work hours temporary employee
Answer:
Temporary employee.
Explanation:
A temporary employee is a person who does a job for a specified time period, usually less than six months. For example, some agricultural workers are often employed only for harvesting.
Basically, a temporary employee refers to an individual who is employed by an organization based on the specific requirements and needs of the organization and the job is typically limited to a specific period of time. Thus, once the agreed upon time elapse, the employee's service will no longer be needed and as such its terminated.
This type of employment is a contractual agreement between the employee and the employer for he or she to be employed for a limited period of time.
Answer:
Temporary Employee
Explanation: I took the test and got all of the answers right.
At what level of sales (in units) would the company be indifferent between the two lease options? Show your proof. Begin by selecting the equation to determine the indifference point. (Abbreviations used" FC = Fixed costs, VCU = Variable costs per unit) (VCU (option A) x Units) + FC (option A) = (VCU (option B) x Units) + FC (option B) The indifference point is candles.
Answer:
450 units
Explanation:
The computation of the level of sales in units would become indifference is shown below:
VCU (option A) × Units) + FC (option A) = (VCU (option B) × Units) + FC (option
B)
{($6 + $3 + $3 × n) + $3,000} = {($6 + $3 + $3 + $30 × 10% × n) + $1,650}
($12 × n + $3,000) = ($12 + $3 × n + $1,650)
($12 × n + $3,000) = ($15 × n + $1,650)
$15n - $12n = $3,000 - $1,650
$3n = $1,350
n = 450 units
hence, the level of sales units is 450 units
Put the items in the correct order from lowest interest rate to highest. Below is a sequence of events. Place them in the order they should occur, number 1 being the first item. Select the step number from the drop down next to each item. Items to order: 1. Prime Rate 2. Federal Funds Rate 3. Interest rate on John Sample's car loan Prime Rate 1 Federal Funds Rate 1 Interest rate on John Sample's car loan
Answer:
Federal Fund Rate
Prime rate
Interest rate on John Sample's car loan
Explanation:
Federal fund rate is target interest rate that is set by Federal Open Market Committee. This rate is used by commercial banks to borrow and lend their excess reserves. Prime rate is usually 3% higher than the federal fund rate.Prime rate is the interest rate that banks charge to each other for lending fund. This is interbank interest rate therefore it is lower than the Interest rate on Car loan.
According to the video, what happens to many General and Operations Managers who fail at their goals? They return to school. They reduce the price of the company's product. They have to fire other workers. They lose their jobs.
Answer:
They lose their jobs.
Explanation:
Managers are the leaders of a company. They have the power to hire or fire subordinates, they make decisions about processes, etc., but are ultimately responsible if the company or division fails. Think of managers as fuses in a fuse box that will burn out if something goes wrong. If the team does well, they will be credited for it, but if the team performs poorly, then its their fault.
Answer:
the correct answer is D. They lose their jobs.
Explanation:
What responsibilities does a staff in school have?
Answer:
Depends if there a janitor or principle or teacher
Explanation:
find the of a triangle teo side of which are 18cm and 10cm and the perineter is 42cm
Answer:
42-18-10=14
Explanation:
The perimeter is 42 which is the whole thing added together and you have oneside that is missing so you would subtract the two side numbers that you already have from the whole thing.
Multiple Choice
Which of the following illustrates why corn was such a precious commodity to Native Americans?
The kernels were easy to transport.
It was easy to plant and grew quickly.
o One kernel could produce one to two ears.
It could be grown in any type of soil.
who ever anwser the fastest get 55pts
fI answered
Explanation:
Fastest
In Word Online, the Save As command is located under which tab?
File
Home
Layout
Review
Answer:
it is file
Explanation:
just did a test got it right
A company is currently paying its employees $0.56 per mile to drive their own cars on company business. The company is considering supplying employees with cars, which would involve purchasing at $25,000 with an estimated three-year life, a net salvage value of $8,000, taxes and insurance at a cost of $1,200 per year, and operating and maintenance expenses of $0.30 per mile. If the interest rate is 10% and the company anticipates an employee’s annual travel to be 30,000 miles, what is the equivalent cost per mile (neglecting income taxes)?
Answer:
$0.5945 per mile
Explanation:
initial outlay = $25,000
salvage value = $8,000
insurance costs = $1,200
operating costs = $0.30 per mile x 30,000 miles = $9,000
the net cash flows per year:
NCF0 = -$25,000
NCF1 = -$10,200
NCF2 = -$10,200
NCF3 = -$2,200
the present value = -$44,355.37
equivalent annual cost = $44,355.37 / 2.4869 (PV annuity factor, 10%, 3 periods)] = $17,835.61
equivalent cost per mile = $17,835.61 / 30,000 miles = $0.5945 per mile
Corporate Code, Inc., sells business software accounting and book keeping programs, blank business forms, inventory control functions, and the like in different combinations, in different packages, at different prices. Each package includes a shrink wrap agreement that limits warranties and remedies. Developmental Research Corporation (DRC) buys a Corporate Code package and uses the product. Later, DRC files a suit against the software seller, claiming that the product was flawed and that the flaws caused DRC to suffer business losses. DRC asks for relief that exceeds the limits in the shrink wrap agreement. What is a shrink wrap agreement? Are such agreements always enforced? Under what circumstances is a court likely to enforce this agreement?
Explanation:
A shrink wrap agreement refers to a legally binding agreement or undertaking usually embedded or shrink-wrapped inside a package.
In other words, the buyer can only see the terms of the agreement of the purchase after paying for the product and opening the wrappings.
In terms of whether such agreements are always enforced, many legal experts agree that it is not always enforced.
A good example of circumstances where a court is enforced this agreement is the ProCD v. Zeidenberg case.
An auto dealership is advertising that a new car with a sticker price of $34,128 is on sale for $25,995 if payment is made in full, or it can be financed at 0% interest for 72 months with a monthly payment of $474. Note that 72 payments × $474 per payment = $34,128, which is the sticker price of the car. By allowing you to pay for the car in a series of payments (starting one month from now) rather than $25,995 now, the dealer is effectively loaning you $25,995. If you choose the 0% financing option, what is the effective interest rate that the auto dealership is earning on your loan? (Hint: Discount the payments back to current dollars, and use Goal Seek to find the discount rate that makes the net present value of the payments = $25,995.)
Answer:
effective annual rate = 9.77%
monthly rate = 0.78%
Explanation:
we can solve this by using a financial calculator or an excel spreadsheet:
our initial outlay = -25,995
then we have 72 cash flows = 474
I prefer to use excel, since all you need to do is use the IRR formula to determine the interest rate at which the NPV = 0. The interest rate at which NPV = 0 is the effective monthly interest rate. IRR = 0.78% monthly
In order to determine the effective annual rate:
EAR = (1 + 0.0078)¹² - 1 = 1.0977 - 1 = 0.0977 = 9.77%
Anne and Frank Smith each borrow $12,000 from their father. Anne and Mr. Smith have agreed that she will repay her loan in full by paying $6,000 in two years and $8,000 in four years. Frank prefers to make one lump payment of $15,000 to fully repay his loan. When should he make that payment so that he and his sister will each have the same effective interest rate?
Answer:
4.52 years
Explanation:
the formula that we need to calculate by hand is the following:
PV = future value / (1 + r)ⁿ
Anne
12,000 = 6,000/(1 + r)² + 8,000/(1 + r)⁴
Frank
12,000 = 15,000/(1 + r)ⁿ
we need to equal both:
6,000/(1 + r)² + 8,000/(1 + r)⁴ = 15,000/(1 + r)ⁿ
the math is really complex if you do it by hand, but instead we can use an excel spreadsheet:
Anne
NCF year 0 = -12,000
NCF year 1 = 0
NCF year 2 = 6,000
NCF year 3 = 0
NCF year 4 = 8,000
we must determine the IRR of the cash flows = 5.07%
now we can determine Frank's payment:
12,000 = 15,000/(1 + 5.07%)ⁿ
1.0507ⁿ = 15,000/12,000 = 1.25
n = log 1.25 / log 1.0507 = 0.096910013 / 0.021478732 = 4.5119 ≈ 4.52 years
Chrissy is working on creating extensive demand and awareness for the brand of lipsticks. At which stage of the product life cycle is her brand? Chrissy is working on creating extensive demand and awareness for the brand of lipsticks. Chrissy’s product is at the stage.
Answer:
Chrissy's product is in the introduction stage.
Explanation:
The stages of the product life cycle include: development, introduction, growth, maturity, and decline.
Chrissy is looking for demand and awareness which means she is trying to introduce it to the public.
