Answer: A $250,000 gain should be in the "discontinued operations" section of the income statement.
Explanation:
Since there was a loss of $600,000 for the period from January through the sale date while there was a gain of $850,000 on the actual sales, then the situation should be reported in the financial statements of Family Fashions for 2009 as a gain of ($850,000 - $600,000) = $250,000 should be in the "discontinued operations" section of the income statement.
Discontinued operations refers to the part of the business which has been shut down or divested. They're separated from the continuing operations when reported.
Portillo's Fast Food restaurants are changing their hot dog vendor. The company has realized that in order to stay competitive, its hot dogs need to be made larger and shorter so that they can fit in a new smaller-sized hot dog bun. Consequently, Portillo's is looking for a vendor that can provide a product according to its new specifications at a price that is less than what it was paying in the past. At what stage in the business buying process is Portillo's
Answer: supplier search
Explanation:
Portillo's Fast Food restaurants are in the supplier search stage in the business buying process. The supplier search refers to the stage of the business buying process whereby the buyer or the company seeks the best suppliers or vendors.
The company can compile a list of suppliers and make a research about them to know the one that's most appropriate to carry out the job at hand and will be most effective and efficient. This can be infered from the question as Portillo's is looking for a vendor that can provide a product according to its new specifications at a price that is less than what it was paying in the past.
Which section of the unqualified audit report on the effectiveness of ICFR would the following statement belong in: "We have audited the internal control over financial reporting of The Bread Company as of December 31, 2020 based on the criteria established in the Internal Control Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission"
Answer: Opinion paragraph
Explanation:
ICFR simply refers to the controls that are designed specifically to address the risks that are related to financial reporting. The ICFR of a company provides assurance that the financial statement of a company are reliable and are prepared based on what the IFRS requires.
The section of the unqualified audit report on the effectiveness of ICFR that the statement asked belong in is the opinion paragraph.
The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates for various stages of the project as it is implemented is known as ____________. Multiple Choice range estimating phase estimating method parametric procedure template method WBS method
Answer:
phase estimating method
Explanation:
The approach to estimating project time and cost that begins with an overall estimate for the project and then refines estimates for various stages of the project as it is implemented is known as PHASE ESTIMATING METHOD
The above statement is based on the fact that PHASE ESTIMATING METHOD is applicable whereby the total estimate of a product life cycle is extremely difficult to ascertain.
Instead, to get the estimate, each elemental stage is estimated one after the other, with the immediate stage having an elaborate estimate, while the subsequent stages having a brief or overview estimate.
Which of the following is a direct financial interest? An interest where the individual is not the record owner but has a right to some or all of the underlying benefits of ownership
Answer: One owned directly by the covered member (even if managed by others.
Explanation:
A direct financial interest refers to the financial interest which is owned directly by an individual, under the control of an individual or beneficially owned through the investment vehicle.
A direct financial interest is one that is owned directly by the covered member (even if managed by others). Direct financial interest simply implies the ownership or the part ownership of a business, and this includes stocks, bonds, lands etc.
Labor and management at Leo Trucking cannot seem to agree upon a contract for the truck drivers. As each side contends that they are bargaining fairly, no agreement seems to be possible. The drivers are threatening to go on strike, and management knows that such a strike would prove to be costly. None of the parties involved in the dispute wants to reach a win-win agreement. They are each highly focused on their demands, which they would like to achieve, otherwise known as their ________ points. target tolerance focal distribution resistance
Answer:
resistance points
Explanation:
In simple words, The resistance level can be understood as the lowest point where a mediated settlement will be accepted. For a vendor, this implies the smallest number (minimum) or end result they are willing to take, whereas for a purchaser, it implies the highest number (upper limit) or bottom boundary they are willing to spend.
Thus, from the above we can conclude that the correct answer is resistance point.
For years, the world used a small nation in Central America as a place to assemble goods and benefit from inexpensive labor. The nation decided to shift its base from simple assembly to a full-fledged manufacture of components and finished goods. It introduced a policy that stated 65 percent of the value of a product must be produced locally. This is an example of a(n)
Answer: Local Content Requirement
Explanation:
Local Content Requirements are the rules whereby a company must get a particular amount of the final value of a good from the domestic firms by buying from the local companies or sometimes through the manufacturing of the good locally.
The local content requirements is used by the government in order to protect and develop the domestic industries and ensure economic growth.
Skysong Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $400000 $600000 Annual net income 18000 34000 Net annual cash inflow 96000 119000 Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The annual rate of return for Project Soup is
Answer:
20%
Explanation:
Calculation to determine The annual rate of return for Project Soup is
Annual rate of return = [(Current Value of Investment - Initial Investment for one year )/Initial Investment for one year )]*100
Let plug in the formula
Annual rate of return= (($96000 - $80000) / $80000) * 100
Annual rate of return= ($16000 / $80000) *100
Annual rate of return= 20%
Workings:
Calculation to determine the Initial Investment for one year
Initial Investment for one year = $400000 / 5 year
Initial Investment for one year = $80000
Therefore The annual rate of return for Project Soup is 20%
You work for Dr. Zhang, the autocratic dictator of Zhouland. After taking an economics course, you decide that devaluing your currency (Zhoullars) is the way to increase GDP. Following your advice, Dr. Zhang orders massive increases in the supply of Zhoullars, which reduces the value of Zhoullars in world markets. Use the AD-AS model and assume the economy was in long-run equilibrium before this change. Remember to consider only this change as you determine your answers. In the short run, the policy will cause the price level to __________, real GDP to __________, and the unemployment rate to __________.
Answer: increase; increase; decrease.
Explanation:
Since there's an increase in the supply of Zhoullars, which then reduces the value of Zhoullars in world markets, this will result in the increase in the price level.
The increase in price will be due to the fact that there's more money in circulation as this will lead to inflation. Also, the real GDP will increase as there's more money in circulation to purchase goods and services. This will lead to reduction in unemployment too
Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice known and stable scope, unknown requirements high certainty, projects with unstable scope projects with high predictability, project with unknown or unstable requirements iterative and incremental delivery, upfront planning with high predictability high uncertainty, projects with unknown requirements
Answer:
For comprehension purposes, I would write the question again with options attached below:
Agile project management involves ____ whereas traditional project management involves _______. Multiple Choice
a. known and stable scope, unknown requirements
b. high certainty, projects with unstable scope
c. projects with high predictability, project with unknown or unstable requirements
d. iterative and incremental delivery, upfront planning with high predictability
e. high uncertainty, projects with unknown requirements
The correct answer is option d. (iterative and incremental delivery, upfront planning with high predictability)
So, Agile project management involves iterative and incremental delivery whereas traditional project management involves upfront planning with high predictability.
Explanation:
Agile project management involves iterative and incremental delivery as Agile project management allows making changes to the product which then opens ways for iteration. Agile life cycles are composed of several iterations because of changes that might arise due to feedback during the production process of the project.
Traditional project management is highly predictable and it doesn't give room for changes as project cycles and stages are planned ahead. It's a rigid process.
According to business strategy, Agile project management involves iterative and incremental delivery,
whereas traditional project management involves upfront planning with high predictability.
What is Agile Project Management?Agile Project Management is a style of business or production management that allows the production process to be changed accordingly throughout the process till final delivery or life cycle.
On the other hand, traditional project management is a style of project management that ensures the proper planning is done with preparation for uncertainty made at the planning stage; thereby, little or no adjustment is made till final delivery or project cycle.
Hence, in this case, it is concluded that the correct answer is option C. "iterative and incremental delivery, upfront planning with high predictability."
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Suppose Joe contracts with Marvin to frame out a shop at Joe's ranch for $10,000. During the framing Marvin discovers the costs of framing will be $2,500 more than he anticipated, and threatens to walk off the job unless Joe agrees to pay the additional $2,500. Joe agrees to the price increase. Most courts today would hold the agreement to pay the additional $2,500 to be _____ the agreement based on a(n) _______. (Choose two correct answers)
Answer:
unenforceable;
preexisting duty
Explanation:
Preexisting Duty Doctrine
This is simply regarded as when an individual is already under an obligation to do something. It simply states that the rules and guidelines under contract law that shows that if a party to a contract is under a pre-existing duty to perform, then no second thought (consideration) is taken for the modification of the contract. Modification is then voidable.
3 Types of Legal Duties
1. Public Legal Duties such ad the duty of a police officer to protect lives and properties.
2. Contractual Legal Duties such as unperformed, preexisting contractual promises etc.
3. Private Legal Duties such as the duty to follow the law.
Unenforceable Contracts
This is regarded as a contract that cannot be enforced/given consideration or effect by the court of law etc unless they are settled and corrected according to law.
Kinds of unenforceable contracts
1.) Those entered into in the name of another by one without, or acting in excess of rights or authority;
2.) Those that do not comply with the Statute of Frauds etc.
Exhibit 9.2 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Assume that the dividend payout ratio will be 75 percent when the rate on long-term government bonds falls to 8 percent. Because investors are becoming more risk averse, the equity risk premium will rise to 7 percent and investors will require a 15 percent return. The return on equity will be 12 percent. Refer to Exhibit 9.2. What is the expected sustainable growth rate
Answer:
3%
Explanation:
Expected sustainable growth rate = (1 - Payout ratio) * Return on Equity
Expected sustainable growth rate = (1 - 0.75) * 12%
Expected sustainable growth rate = 0.25 * 0.12
Expected sustainable growth rate = 0.03
Expected sustainable growth rate = 3%
So, the expected sustainable growth rate is 3%
Why is the Form W-2 needed in order to file a tax return?
Answer:
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck.
Helpful link:
https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5#:~:text=The%20IRS%20requires%20employers%20to,when%20preparing%20your%20tax%20return.
Crane Company produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statement for a recent period follows: Wood Aluminum Hard Rubber Total Sales $540000 $230000 $65000 $835000 Variable expenses 340000 170000 58000 568000 Contribution margin 200000 60000 7000 267000 Fixed expenses 75000 35000 22000 132000 Net income (loss) $125000 $ 25000 $(15000) $135000 Assume all of the fixed expenses for the hard rubber line are avoidable. What will be total net income if the line is dropped
Answer:
the net income in the case when the line is dropped is $150,000
Explanation:
The computation of the net income in the case when the line is dropped is as followS:
= Total net income + fixed cost of hard rubber - contribution margin of the hard rubber
= $135,000 + $22,000 - $7,000
= $150,000
hence, the net income in the case when the line is dropped is $150,000
Inflation is a macroeconomic measure that describes:
Answer:
is used to measure the rising increase in prices of goods and services in a country over a certain period of time
Explanation:
Resource-limited scheduling is a method fora. developing a schedule that attempts to minimize the fluctuations in requirements for resources.b. making sure all the resources do the same amount of work.c. making sure every task has the same number of resources.d. developing the shortest schedule when the number or amount of available resources is fixed and cannot be exceeded.
Having a __________ to give you information and encouragement can contribute to a successful career. [ Choose ] Review your ___________ carefully so you know what your duties are. [ Choose ] The _____________ gives the employer and employee a chance to see how things are working out for each of them. [ Choose ] _________ includes learning activities that help you improve your career knowledge and performance. [ Choose ] New hires are likely to be part of a/an _______ of professionals working together. [ Choose ] A/an _______ is a person who serves as a positive example or professionalism [ Choose ] Check the ________ to learn about the organization in which you work. [ Choose ] Going through a/an __________helps both of you and your employer track your progress [ Choose ] Honesty and morality are signs of _______, an important quality for the employee [ Choose ] Employees should always ________ for their work.
Answer:
Profession
Job descriptions
Objectives
team
professional
company manual
appraisal
professionalism
be integrity
Explanation:
An employee is a professional who is qualified with skills that are required for a certain jib. He is assigned his job description when he is hired and it is expected that he will be able to perform his duties with integrity and objectivity.
List the steps of the segmenting and targeting process (put the first step on top). Instructions Choice 1 of 5. Select target markets toggle button Select target markets Choice 2 of 5. Group potential buyers into segments toggle button Group potential buyers into segments Choice 3 of 5. Develop a market-product grid and estimate the size of markets. toggle button Develop a market-product grid and estimate the size of markets. Choice 4 of 5. Group products to be sold into categories toggle button Group products to be sold into categories Choice 5 of 5. Take marketing actions to reach target markets toggle button Take marketing actions to reach target markets
Answer:
1. Group potential buyers into segments.
2. Group products to be sold into categories.
3. Develop a market-product grid and estimate the size of markets.
4. Select target markets.
5. Take marketing actions to reach target markets.
____________ is a completely inadequate mechanism ____________________ in a modern advanced economy. Question 21 options: Currency; for providing a medium of exchange Money; for providing a store of value Barter; for trying to coordinate trades Money; to use as a unit of account
Answer:
Barter; for trying to coordinate trades
Explanation:
The barter is the system where the goods or services are exchanged with another goods or services. Here no money involvement is there
Only goods or services are exchanged with the different good or services
So it is a complete non-adequate mechanism and it should be tried for coordinating the trades
Therefore the above option should be considered
Chip is a veteran who fought in Desert Storm. He has just retired from the military. He has been told he qualifies for a property tax exemption based on his military service during wartime. Which exemption applies to Chip? Calfornia Homeowner's Exemption The Mello-Roos Community Facilities Act California Military Exemption The Street Improvement Act
Answer: California Military Exemption
Explanation:
California offers tax exemptions to those who served in the military and have been honorably discharged and have lived in California for a certain period of time.
One such exemption is in property. Chip as a veteran of the Desert Storm, qualifies for this assuming he meets the other requirements such as residency and value limits on the property owned.
Project A has an initial cost of $75,000 and annual cash flows of $33,000 for three years. Project B costs $60,000 and has cash flows of $25,000, $30,000, and $25,000 for Years 1 to 3, respectively. Projects A and B are mutually exclusive. The incremental IRR is _______ and if the incremental IRR is lower than the required rate of return then Project _______ should be accepted.
Answer:
12.89%
the project should not be accepted
Explanation:
Incremental IRR can be determined by subtracting the cash flows of the project with the smaller cost from the cash flows of the project with the higher initial cost then using the cash flow derived to calculate the IRR
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Incremental cash flow in year 0 = -(75,000 - 60,000) = -15,000
Incremental cash flow in year 1 = 33,000 - 25,000 = 8,000
Incremental cash flow in year 2 = 33,000 - 30,000 = 3,000
Incremental cash flow in year 3 = 33,000 - 25,000 = 8,000
IRR = 12.89%
A project should be accepted only if the incremental IRR is greater than the required return. If this is not the case, the project should not be accepted
To determine IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Only one situation exists in which I would be ready to invest in penny stocks: if the money is extra and represents a very small percentage of my entire portfolio, and I am willing to lose it completely. This is because penny stocks are shares in young firms that are still in the early stages of development. The rate of return on these stocks can be enormous, but they can also go bankrupt, causing you to lose all of your money just as quickly. As a result, they're extremely hazardous investments.
Answer:
Investment of excess funds is a good option to multiply the money. One can invest their savings which are not currently in use. The risk appetite of a person is assessed before it decides to invest money.
Explanation:
A person should never invest its full money. It should keep some money for emergency needs. Also it is needed to consider risk appetite of a person and his willingness to take risk in order to construct his portfolio. Returns are dependent on risk levels. More riskier investments will give more returns. Stocks are considered as riskier investments because a company may go bankrupt and you can loose all your money or on the other case there can be flourishing returns waiting for you.
Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day. If radios can be sold for $20 each, the value of marginal product of the ninth worker is a. $200. b. 20 radios. c. 90 radios. d. $400.
Answer:
d. $400.
Explanation:
The computation of the value of marginal product of the ninth worker is given below:
= (90 radios × $20) - (70 radios × $20)
= $1,800 - $1,400
= $400
Hence, the value of marginal product of the ninth worker is $400
Therefore the option d is correct
Compare the sources of consumer credit travel and entertainment credit revolving check credit closed-end credit
Answer:
The source of consumer credit is credit obtained on services like banking, insurance and travel.
Explanation:
Source of consumer credit are savings, credit union, sales , life insurance and loans etc. Entertainment credit is a state provided naturla pension credit union its controlled by the members. Is a loan or a form of credit, where the fund is dispersed in full when the loan is closed and must be given back.what is accounting in entrepreneurship
Answer:
Definition: A business's bookkeeping system that tracks the money coming in vs. the money going out. Aside from every business owner's inherent desire to stay in business, there are two other key reasons to set up a good bookkeeping system: 1.
The Rybczynski theorem asserts that in a two-good world, and assuming that product prices stay constant, growth in the endowment of one factor of production, with the other factor unchanged, will lead to:
A. An equal percentage increase in the output of both goods.
B. An increase in the output of the good that uses the growing factor intensively and a decrease in the output of the other good.
C. An increase in the output of both goods but a greater percentage increase in the output of the good that uses the growing factor intensively.
D. An increase in the output of the good that uses the growing factor intensively and no change in the output of the other good.
Answer:
The answer is "Option b".
Explanation:
The theorem of Rybczynski affirms that certain expansion in the endowments of one factor of manufacturing throughout the two-good economy, with other unchanged factors, which would be the result in increased output for the product that employs the increasing factor as well as a drop throughout the output of the other good.
The U.S. dollar depreciates. Explain which of the following events could have caused the depreciation and why. a. The Fed intervened in the foreign exchange market and sold dollars. b. The Fed intervened in the foreign exchange market and bought dollars. c. People began to expect that the U.S. dollar would depreciate. d. The U.S. interest rate differential increased. e. Foreign investment in the United States increased.
Answer:
a. The Fed intervened in the foreign exchange market and sold dollars.
When the Fed intervenes and supplies dollars in the foreign exchange market, the amount of dollars in the market will rise and the law of supply and demand concludes that when the supply of something increases relative to its demand, it will lose value. The US$ will therefore lose value.
c. People began to expect that the U.S. dollar would depreciate.
If people expect the US$ to depreciate, they will take action to protect themselves from this depreciation by selling off their dollar assets for instance. This would lead to excess dollars in the market which would then lead to the US$ depreciating as explained above.
acc 450 Anderson embezzled $20,000 from her company's account in Bank X. At year-end, she hid the shortage by making a deposit on December 31 in Bank X, drawn on Bank Y. She has not recorded the transaction on the books. This is an example of:
It is an example of kiting.
The following information should be related to kiting:
Kiting is an act that is to be done intentionally while writing a check for the amount i.e. more than the account balance in one bank as compared with the other account in other banks.It is to be done in the case when there is no sufficient balance in the bank having the second check that covers up the inexistence funds from the first account in the bank.Therefore we can conclude that it is an example of kiting.
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Hàm số câif và cung của một hàng hóa như sau Qd=80-10P Qs=-70+20P Xác định giá và sản lượng cân bằng trên thị trường
Answer:
Equilibrium price = $5
Equilibrium quantity = 30 units
Explanation:
Given:
Quantity demanded = Qd = 80 - 10P
Quantity supplied = Qs = -70 + 20P
Find:
Equilibrium price and quantity
Computation:
Equilibrium price and quantity
Qd = QS
So,
80 - 10P = -70 + 20P
150 = 30P
Equilibrium price = $5
Qd = 80 - 10P
Qd = 80 - 10(5)
Equilibrium quantity = 80 - 50
Equilibrium quantity = 30 units
(Choose the most appropriate answer from the choices below) In an assembly line balancing problem, work station cycle time.
I. will decrease as the required production per day increases, other things remaining the same.
II. will increase as the required production per day increases, other things remaining the same.
III. will decrease as the production time per day increases, other things remaining the same.
IV. will increase as the production time per day increases, other things remaining the same.
A. IV
B. II
C. I
D. III
E. I. and IV
Answer:I need points
Explanation:
Hola
Risk acceptance is a natural part of driving. Risks are always present, and the compensation involves: Recognizing _____________________ errors. Making appropriate adjustments A driver often makes ________________ decisions in city traffic driving Studies indicate that drivers who do not wear safety belts tend to make more risks while driving than drivers wearing seat belts. Driving behavior is based on risk ___________________ rather than _________________ risk. Factors that drivers cannot control in risk management are: _____________________________________ _____________________________________
Answer:
Balls
Explanation:
Balls
The correct answers for the blanks are as follows:
Recognizing and correcting errors.Split-second decisions.Risk perception rather than actual risk.External conditions such as weather, road conditions, and other drivers' actions.Correcting errors refers to the process of identifying and rectifying mistakes or faults in one's actions or behaviors. In the context of driving, it involves recognizing and addressing any errors or incorrect maneuvers made while operating a vehicle.
This can include correcting improper lane changes, adjusting speed to match road conditions, maintaining proper following distance, signaling turns accurately, and adhering to traffic rules and regulations.
Correcting errors requires attentiveness, self-awareness, and the ability to promptly take corrective actions to ensure safe and responsible driving. It plays a crucial role in mitigating risks and preventing potential accidents or hazards on the road.
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