Answer:
d. Actual revenue is higher than budgeted revenue.
Explanation:
When the Actual income/revenue/benefit is higher than the budgeted/estimated income/revenue/benefit, the variance will be favorable.
When the Actual income/revenue/benefit is lower than the budgeted/estimated income/revenue/benefit, the variance will be unfavorable.
When the Actual expense/cost/loss is higher than the budgeted/estimated expense/cost/loss, the variance will be unfavorable.
When the Actual expense/cost/loss is lower than the budgeted/estimated expense/cost/loss, the variance will be favorable.
a.
As the actual cost incurred is higher than the cost estimated, then the variance in both costs is unfavorable.
b.
As the actual Income earned is lower than the income estimated, then the variance in both incomes is unfavorable.
c.
As the actual expense incurred is higher than the expense estimated, then the variance in both expenses is unfavorable.
d.
As the actual revenue incurred is higher than the revenue estimated, then the variance in both revenues is favorable.
e.
As the actual revenue earned is lower than the revenue estimated, then the variance in both revenues is unfavorable.
M Corporation has provided the following data concerning an investment project that it is considering:
Initial investment $230,000
Annual cash flow $132,000 per year
Expected life of the project 4 years
The net present value of the project is closest to:____.
a. $250,000.
b. $144,128.
c. $(131,000).
d. $(144,128).
Answer: $170,923.60
Explanation:
Missing information is that the discount rate is 12%.
As the cash inflow is constant, this can be termed an annuity. You just need to find the present value of an annuity for 4 years being discounted at 12%.
Present value of Annuity = Annuity * Present value interest factor of Annuity, 12%, 4 periods
= 132,000 * 3.0373
= $400,923.60
Net Present value = Present value of cash inflow - Initial investment
= 400,923.60 - 230,000
= $170,923.60
Options are for variant of question.
g If there is a breach of contract, the objective of the remedy in the breach contract case will be to: Question 21 options: place the parties back into the position that they would have been in had there been no contract punish the party that committed breach of contract provide both parties relief place the non breaching party into the position that they would have been had the contract not been breached
Answer: place the non breaching party into the position that they would have been had the contract not been breached
Explanation:
A contract is meant to satisfy the reasons for which the contract was gone into for both parties. If one party breaches the contract, the party that did not breach should still have their reason for entering the contract satisfied because they did what they were supposed to do according to the contract.
This is why the purpose of a breach of contract remedy is to ensure that this non-breaching party does indeed get what was supposed to come to them by the contract.
In the current year, Marnie rented her vacation home for 75 days, used it for personal reasons for 22 days, and left it vacant for the remainder of the year. Her income and expenses are as follows: Rental income $ 18,000 Property taxes 2,500 Mortgage interest 3,500 Utilities 1,100 Repairs and maintenance 1,000 Depreciation 5,200 What is Marnie's net income or loss from the activity
Answer: $11123
Explanation:
Based on the information given, Marnie's net income or loss from the activity will be calculated thus:
Rental income = $18000
Less: Property tax = $2500 × 75/365 = $514
Less: Mortgage interest = $3500 × 75/365 = $719
Less: Utilities = $1100 × 75/97 = $851
Less: Repairs and Maintenance = $1000 × 75/97 = $773
Less: Depreciation = $5200 × 75/97 = $4021
Net income = $11,123
what is crypto currency
what is the use of it
what is profit
Answer:
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. For businesses, profit is the positive financial gain remaining after all costs, taxes, and expenses have been deducted from total sales.
Capstone Inc. collects 85% of its sales on account in the month of the sale and 15% in the month following the sale. If sales on account are budgeted to be $265,000 for September and $225,000 for October, what are the budgeted cash receipts from sales on account for October? $fill in the blank 1
Answer: $231,000
Explanation:
The budgeted cash receipts in October is:
= (85% * October sales) + (15% * September sales)
= (85% * 225,000) + (15% * 265,000)
= 191,250 + 39,750
= $231,000
Elite Trailer Parks has an operating profit of $293,000. Interest expense for the year was $38,800; preferred dividends paid were $31,500; and common dividends paid were $36,900. The tax was $65,500. The firm has 20,200 shares of common stock outstanding.
Required:
a. Calculate the earnings per share and the common dividends per share for Elite Trailer Parks.
b. What was the increase in retained earnings for the year?
Answer:
a.Earnings per share $7.78
Dividends per share $1.83
b. $120,300
Explanation:
a. Calculation to determine the earnings per share and the common dividends per share for Elite Trailer Parks.
First step is to calculate the Increase in retained earnings
Operating profit $293,000
Interest expense ($38,800)
=Earnings before taxes $254,200
Less Taxes ($65,500)
Earnings after taxes = $188,700
Preferred dividends ($31,500)
Available to common stockholders $157,200
Common dividends ($36,900)
Increase in retained earnings $120,300
($157,200-$36,900)
Now let determine Earnings per share and Dividends per share using this formula
Earnings per share = Available to common stockholders/ Number of common shares outstanding
Let plug in the formula
Earnings per share = $157,200/20,200
Earnings per share= $7.78
Dividends per share = Common dividends/ Number of shares outstanding
Let plug in the formula
Dividends per share=$36,900/20,200
Dividends per share= $1.83
Therefore the earnings per share and the common dividends per share for Elite Trailer Parks is:
Earnings per share $7.78
Dividends per share $1.83
B. Based on the information above calculation in (a) the increase in retained earnings for the year is $120,300
Sutton Inc. can produce 100 units of a component part with the following costs: Ch01Q78 If Sutton Inc. can purchase the component part externally for $345,000 and only $28,000 of the fixed costs can be avoided, what is the correct make-or-buy decision
Question Completion:
Direct materials cost $150,000
Direct labor cost $100,000
Variable overhead $50,000
Fixed overhead $60,000
Answer:
Sutton Inc.
The correct make-or-buy decision is:
Continue to produce the component.
Explanation:
a) Data and Calculations:
Production costs:
Direct materials cost $150,000
Direct labor cost $100,000
Variable overhead $50,000
Fixed overhead $60,000
Production costs = $360,000
Relevant costs to make:
Direct materials cost $150,000
Direct labor cost $100,000
Variable overhead $50,000
Fixed overhead $28,000
Avoidable costs = $328,000
Cost of purchasing the component = $345,000
Difference = $17,000
Sutton will pay $17,000 more if it buys the component than if it makes it. Therefore, it is more cost-effective to make the component than buying from the outside supplier.
Correlation Coefficient Matrix A is consistent with the theory of demand for attendance (i.e. that quantity demanded decreases as price increases.)
A. True
B. False
Answer:
Correlation Coefficient Matrix A
A. True
Explanation:
A Correlation Coefficient Matrix is a tabular display of the correlation in variables, showing the linear relationships between each other. The variables are shown in rows and columns, and each cell in the table contains the correlation coefficient. The Correlation Coefficient Matrix A could be used to determine a team's winning percent scores when the revenues are checked.
Journalize the following transactions for Lucite Company. Assume 360 days per year.
a. November 14: Received a $4,800.00, 90-day, 9% note from Alan Albertson in payment of his account.
b. December 31: Accrued interest on the Albertson note.
c. February 12: Received the amount due from Albertson on his note.
Answer:
a.
Date Account Title Debit Credit
Nov. 14 Note Receivable $4,800
Accounts Receivable $4,800
b.
Date Account Title Debit Credit
Dec, 14 Interest Receivable $56.40
Interest revenue $56.40
Working
= 4,800 * 9% * 47 days / 360
= $56.40
47 days is number of days from Nov. 14 to December 31.
c.
Date Account Title Debit Credit
Feb. 12 Cash $4,908
Interest receivable $56.40
Interest revenue $51.60
Notes Receivable $4,800
Working:
Cash = 4,800 + (4,800 * 90/360 * 9%)
= $4,908
Interest revenue = Cash - Interest receivable - Notes receivable
= 4,908 - 56.40 - 4,800
= $51.60
When a company has established separate manufacturing overhead rates for each department, it is using:_______.
a. departmental overhead rates.
b. cost distortion.
c. a plant-wide overhead rate.
d. lean thinking.
Answer:
Departmental overhead rates
Supply is more elastic over long periods than over short periods because:_____.
a. producers can make more adjustments in the long run than in the short run.
b. consumers can make fewer adjustments in the long run than in the short run.
c. producers can make fewer adjustments in the long run than in the short run.
d. consumers can make more adjustments in the long run than in the short run.
Answer:
A
Explanation:
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
If the absolute value of price elasticity is greater than one, it means supply is elastic. Elastic supply means that quantity supplied is sensitive to price changes.
Supply is inelastic if a small change in price has little or no effect on quantity supplied. The absolute value of elasticity would be less than one
The short run is a period where all factors of production are fixed. In the short run, a firm would continue to produce if price is above average variable cost. If this is not the case, it would shut down
The long run is a period where all factors of production are varied. It is known as the planning time for a company
Supply is more elastic in the long run than in the short run because the producer can make adjustments in the long run
what are the basic requirement of ppe
Answer:
Personal safety equipment, commonly known as PPE, is the equipment used to minimize the risks causing severe injuries and diseases in the workplace.
Explanation:
Items like gloves, safety glasses, and shoes, earplugs or muffles, hard hats, breathing or coverings, jackets, and whole-body suits may be included in personal protective equipment.
All personal protective equipment should be designed and constructed in a safe and reliable manner. It should fit conveniently and promote the use of workers.
These wounds and diseases can be attributable to chemical, radiological, physical, electrical, mechanical, or other hazards in the workplace.
When engineering, employment practices, and administrative controls are not feasible or not sufficient, employers must provide their employees with personal protective equipment and ensure their proper utilization.
Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $70,000 in August. Planet typically pays for 35% of purchases in the month of purchase and 65% in the following month. What are Planet Company's total expected cash disbursements for purchases in the month of August?
a. $40,000.
b. $57,000.
c. $65,000.
d. $60,000.
e. $100,000.
Answer:
57,000
Explanation:
Planet company purchases goods worth $50,000July and also expect to purchase goods worth $70,000 in August
They pay 35% of tbs purchase in the month and 75% in the following month
Therefore the total expected cash disbursement can be calculated as follows
= (70,000×35/100)+(50,000+65/100)
= {70,000×0.35) + (50,000+0.65)
= 24,500+32,500
= 57,000
Entry for Uncollectible Accounts
Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age category are given below.
Estimated Uncollectible Estimated Uncollectible
Age Interval Balance Accounts Percent Accounts Amount
Not past due $780,000 1/2% $3,900
1-30 days past due 85,800 2 1,716
31-60 days past due 39,000 9 3,510
61-90 days past due 28,100 16 4,496
91-180 days past due 20,300 41 8,323
Over 180 days past due 14,800 65 9,620
Total $968,000 $31,565
Assume that the allowance for doubtful accounts for Outlaw Bike Co. had a debit balance of $5,680 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31.
Answer:
Date Account title and Explanation Debit Credit
31 Dec Bad Debts Expense $37,245
Allowance for doubtful debts $37,245
($31,565 + $5,680)
(To record the adjustment entry)
Suppose an income tax is imposed that takes $2,000 from someone with an income of $20,000, $2,500 from someone with an income of $30,000, and $4,000 from someone with an income of $80,000. This tax would be classified as
Answer: Regressive tax
Explanation:
Regressive tax refers to a tax regime where the tax rate reduces as the level of income increases.
In the above scenario, the income tax rates are:
$20,000 income = 2,000 / 20,000 = 10%
$30,000 income = 2,500 / 30,000 = 8.3%
$8,000 income = 4,000 / 80,000 = 5%
Notice how the tax rates reduced as the income earned went up. This is why this is a regressive tax regime.
On July 1, Sterns Co. acquired patent rights for $36,000. The patent has a useful life of 6 years and a legal life of 15 years.
Required:
Journalize the adjusting entry on December 31 to recognize the amortization. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
Dr Amortization Expense $3,000
Cr Patents $3,000
Explanation:
Preparation of the journal adjusting entry on December 31 to recognize the amortization.
Dec. 31
Dr Amortization Expense $3,000
Cr Patents $3,000
(To record Amortization)
Amortization=(Patent rights/Useful life)*6/12
Amortization=($36,000/6)*6/12
Amortization=$3,000
(July 1 to Dec 31 =6months)
A bank has agreed to lend you $53,000 for a home loan. The loan will be fully amortized over 39 years at 13.50%, with .44 points. The loan payments will be monthly. The closing cost is estimated to be $3,894 and you plan to refinance the mortgage in 8 years. Calculate the actuarial rate.
Answer:
the actuarial rate is $599.44
Explanation:
The computation of the actuarial rate is given below:
= $53000 × 1.13% × (1+1.13%)^468) ÷ ((1 + 1.13%)^468 - 1)
= $599.44
The 1.13% comes from
= 13.50% ÷ 12
= 1.13%
And, the 468 comes from
= 39 × 12
= 468
Therefore the actuarial rate is $599.44
The same is to be relevant
Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below:
Cost Drivers by Product Activity Cost Pool Ordering and Receiving Machine Setup Machinine Assembly Inspection Cost Driver Estimated Overhead Budget Deluxe $130,000 Orders Setups Machine hours Parts 400 400 150,000 100,000 600 297,000 500 1,000,000 600,000 1,200,000 800,000 300,000 550 450
Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round overhead cost per unit to 2 decimal places, eg. 12.25 and cost assigned to O decimal places, eg. 2,500)
Overhead cost per unit
Budget S per unit
Deluxe $ per unit
Answer:
Randel Manufacturing
Overhead cost per unit
Budget $2.81 per unit
Deluxe $6.80 per unit
Explanation:
a) Data and Calculations:
Cost Drivers by Product
Activity Cost Pool Cost Driver Estimated Budget Deluxe
Overhead
Ordering and Receiving Orders $130,000 600 400
Machine Setup Setups 297,000 500 400
Machining Machine hours 1,000,000 150,000 100,000
Assembly Parts 1,600,000 1,200,000 800,000
Inspection Inspections 300,000 550 450
Cost Pool Overhead Rates
Ordering and Receiving $130 ($130,000/1,000) per order
Machine Setup $330 ($297,000/900) per setup
Machining $4 ($1,000,000/250,000) per machine hour
Assembly $0.80 ($1,600,000/2,000,000) per part
Inspection $300 ($300,000/1,000) per inspection
Estimated Rates Budget Deluxe
Overhead
Ordering and Receiving $130 $78,000 $52,000
Machine Setup $330 165,000 132,000
Machining $4 600,000 400,000
Assembly $0.80 960,000 640,000
Inspection $300 165,000 135,000
Total overhead costs $1,968,000 $1,359,000
Production units 700,000 200,000
Overhead per unit $2.81 $6.80
gdp bình quân là gì ?
Answer:
what type of language is this ??
2
On January 2, Good Sound, Inc. purchased a speaker for sale on account with a listed price of $2,100. On January 15,
Good Sound sold to Sweet Coffee, Inc. a speaker on account for $3,500 with terms of 3/15, n 45. On January 20,
Sweet Coffee paid the invoice in full. What is net amount of Sales Revenue (1.e. Net Sales Revenue) reported to Good
Sound's Income statement?
Answer:
noise pollution
Explanation:
because it is a very good noise
Country A has a GDP of $4,600 in Country A dollars, and Country B has a GDP of $2,400 in Country B dollars. If the exchange rate is 1.5 Country B dollars to 1 Country A dollar, what is Country B's GDP in Country A dollars
Answer: Country A $1,600
Explanation:
Country A's currency is stronger than Country B's which is why Country B needs more of its currency to buy a single unit of Currency A.
You can use direct proportion to find out Country B's GDP in Country A dollars
Country B currency to Country A
1.5 : 1
2,400 : x
1.5x = 2,400
x = 2,400 / 1.5
= Country A $1,600
A particular forecasting model was used to forecast a six-month period. Here are the forecasts and actual demands that resulted: FORECAST ACTUAL April 244 344 May 318 468 June 393 493 July 343 293 August 368 268 September 443 568 a. Find the tracking signal for each month.
Answer:
MONTH TRACKING SIGNAL
April 1
May 2
June 3
July 3
August 2
September 3
Explanation:
Given the data in the question;
A B C D E F G
Month Forecast Actual Error |Error| RSFE MAD
cumulative
C-D |C-D| of D
April 244 344 100 100 100 100.00
May 318 468 150 150 250 125.00
June 393 493 100 100 350 116.67
July 343 293 -50 50 300 100.00
August 368 268 -100 100 200 100.00
September 443 568 125 125 325 104.17
the tracking signal for each month will be;
Tracking Signal =
Running Sum of Forecast Errors (RSFE) / Mean Absolute Deviation (MAD)
so substitute
Month of APRIL;
Tracking signal = 100 / 100.00 = 1
Month of MAY;
Tracking signal = 250 / 125.00 = 2
Month of JUNE;
Tracking signal = 350 / 116.67 = 2.9999 ≈ 3
Month of JULY;
Tracking signal = 300 / 100.00 = 3
Month of AUGUST;
Tracking signal = 200 / 100 = 2
Month of SEPTEMBER;
Tracking signal = 325 / 104.17 = 3.11 ≈ 3
Therefore,
MONTH TRACKING SIGNAL
April 1
May 2
June 3
July 3
August 2
September 3
Kim Thorsten uses rationale to make decisions for project implementation. She believes that the right decisions can be made only through analysis and examination. Each time she needs to make a decision, she weighs all options before taking action. Which of the following is a characteristic of Thorsten's personality type according to the Myers-Briggs Type Indicator (MBTI) classification?
a. intuitive
b. thinking
c. introverted
d. perceiving
e. feeling
Answer: b. thinking
Explanation:
Kim Thorsten has the personality type known as thinking. People like her are logical when they make decisions which means that they rely less on emotion and use rationale and evidence to make decisions.
These people are pragmatists and will only make a decision that they believe is objectively the best one after considering other options. This is what Kin does and why she is under thinking.
Universal Air is a no-growth firm and has two million shares outstanding. It expects to earn a constant $20 million per year on its assets. If it has no debt, all earnings are paid out as dividends, and the cost of capital is 10 percent, calculate the current price per share of the stock.
Answer:
$100/share
Explanation:
Calculation to determine the current price per share of the stock.
First step
EPS = DPS = $20,000,000/($20,000,000*10%)
EPS = DPS = $20,000,000/$2,000,000
EPS = DPS = $10 per share
Now let determine the current price per share of the stock
P0 = 10/0.10
P0= $100/share
Therefore current price per share of the stock is $100/share
Cellestial Manufacturing Company produces Products A1, B2, C3, and D4 through a joint process. The joint costs amount to $200,000.
If Processed Further
Sales Value Additional
Product Units Produced at Split-Off Costs Sales Value
A1 3,000 $10,000 $2,500 $15,000
B2 5,000 30,000 3,000 35,000
C3 4,000 20,000 4,000 25,000
D4 6,000 40,000 6,000 45,000
Which product(s) should be sold at split-off to maximize profits in the short run?
a. Product A1
b. Product D4
c. Product B2
d. Products A1 and D4
Answer:
a. Product A1
Explanation:
Calculation to determine Which product(s) should be sold at split-off to maximize profits in the short run
Product A1
Additional Revenues=Sales Value-Sales value at split-Off
Additional Revenues=$15,000-$10,000
Additional Revenues=$5,000
Difference=Additional Revenues -Additional Costs
Difference=$5,000-$2,500
Difference=$2,500
Product A1 Additional Revenues Additional Costs Difference
$5,000 $2500 $2,500
Therefore the product that should be sold at split-off to maximize profits in the short run is Product A1 Which therefore means that company should sell now
A partial list of Waterways' accounts and their balances for the month of November 2016 follows:
Accounts Receivable $ 275,000
Advertising Expenses 54,000
Cash 260,000
Depreciation-Factory Equipment 16,800
Depreciation-Office Equipment 2,400
Direct Labor 42,000
Factory Supplies Used 16,800
Factory Utilities 10,200
Finished Goods Inventory, November 30 68,800
Finished Goods Inventory, October 31 72,550
Indirect Labor 48,000
Office Supplies Expense 1,600
Other Administrative Expenses 72,000
Prepaid Expenses 41,250
Raw Materials Inventory, November 30 52,700
Raw Materials Inventory, October 31 38,000
Raw Materials Purchases 184,500
Rent Factory Equipment 47,000
Repairs-Factory Equipment 4,500
Salaries 325,000
A list of accounts and their values are given above. From this information, prepare a partial balance sheet for Waterways Corporation for the month of November. (List Current Assets in order of liquidity.)
Answer:
Total current assets = $697,750
Explanation:
The partial balance sheet is as follows:
Waterways Corporation
Balance Sheet (Partial)
For the month of November 2016
Details $ $
Current Assets
Cash 260,000
Accounts Receivable 275,000
Finished Goods Inventory, November 68,800
Raw Materials Inventory, November 52,700
Prepaid Expenses 41,250
Total current assets 697,750
Note:
Cash is the most liquid of assets.
Accounts receivable which should be collected within 30 to 60 days are less liquid than cash, but more liquid than inventory.
Finished Goods Inventory which is expected to be sold and converted to cash within one year, and Raw Materials Inventory which is expected to be converted to finished good within one year are more liquid than Prepaid expense.
Therefore, the least liquid among current assets’ item above is the Prepaid Expense as it is cash paid for services not yet received..
Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's fiscal year-end.
Accounts Debits Credits
Cash $ 10,300
Accounts Receivable 9,500
Supplies 2,000
Prepaid Rent 7,200
Equipment 90,000
Accumulated Depreciation $ 12,000
Accounts Payable 7,700
Salaries Payable 0
Interest Payable 0
Utilities Payable 0
Notes Payable 20,000
Common Stock 45,000
Retained Earnings 19,000
Service Revenue 42,200
Salaries Expense 24,500
Interest Expense 0
Rent Expense 0
Supplies Expense 0
Utilities Expense 2,400
Depreciation Expense 0
Totals $ 145,900 $ 145,900
Information necessary to prepare the year-end adjusting entries appears below.
a. Depreciation of equipment for the year is $6,000.
b. Accrued salaries at year-end should be $2,100.
c. Crimson Tide borrows $20,000 on September 1, 2018. The principal is due to be repaid in four years. Interest is payable each August 31 at an annual rate of 12%.
d. Unused supplies at year-end total $700. Crimson Tide debits Supplies at the time supplies are purchased.
e. Crimson Tide opens a second studio by paying for one year of rent in advance on April 1, 2018, for $7,200 ($600 per month) debiting Prepaid Rent.
f. Unpaid utilities for December total $200.
Required:
1) Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts.
2) prepare an adjusted trial balance.
3a ) prepare an income statement for the year end december 31,2018.
3b) prepare a statement of sharholders equity for the year ended decmber 31,2018.
3c) prepare a classified balance sheet for the year ended december 31, 2018.
4) record the closing entries.
5) prepare a post-closing trial balance.
Answer:
asdasd sadad asd asdas 2 212 313135 54 554 dsa asd sad asa sd
Explanation:
ADP reports the following income statement.
AUTOMATIC DATA PROCESSING INC.
Statement of Consolidated Earnings
For Year Ended June 30, 2019, $ millions
Total revenues $14,175.2
Operating expenses 7,145.9
Systems development and programming costs 636.3
Depreciation and amortization 304.4
Total cost of revenues 8,086.6
Selling, general, and administrative expenses 3,064.2
Interest expense 129.9
Total expenses 11,280.7
Other income expense, net 111.1
Earnings before income taxes 3,005.6
Provision for income taxes 712.8
Net earnings $ 2,292.8
Forecast ADP’s 2020 income statement assuming the following income statement relations. All percentages (other than total revenue growth and provision for income taxes) are based on historic percent of total revenues.
Total revenues growth 13%
Depreciation and amortization $460.5 million
Interest expense No change
Other (income) expense, net No change
Income tax rate 25%
Round your answers to one decimal place.
Answer:
Forecast of 2020 net earnings = $299.2 million.
Explanation:
Note:
a. See part a of the attached excel file for the calculations of the Historic Percent of Total Revenue.
b. See part b of the attached excel file for the Forecast of ADP’s 2020 income statement.
From part b of the attached excel file, we have:
Forecast of 2020 net earnings = $299.2 million.
A government began 2013 with a budget deficit and a trade deficit. During the year, the government changed its policy and is now running a budget surplus. If all other factors hold constant, this change in policy will cause:
Answer:
the exchange rate and the trade deficit to decrease.
Explanation:
A deficit can be defined as an amount by which money, falls short of its expected or required value.
Generally, deficit in financial accounting is usually as a result of expense exceeding revenue or revenue falling below expenses at a specific period of time.
For instance, when liabilities exceeds assets or import exceeds export there would be a deficit in the financial account.
Generally, a deficit on the current account ultimately implies that the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
In 2013, government began with a budget deficit and a trade deficit. During the year, the government changed its policy and is now running a budget surplus.
Hence, this change in policy will cause the exchange rate and the trade deficit to decrease if all other factors hold constant
The formula to determine the materials to be purchased is Multiple choice question. (budgeted production times materials required for each unit) plus budgeted ending materials inventory minus beginning materials inventory (budgeted production divided by materials required for each unit) plus budgeted ending materials inventory minus beginning materials inventory (budgeted production times materials required for each unit) minus budgeted ending materials inventory plus beginning materials inventory (budgeted production divided by materials required for each unit) minus budgeted ending materials inventory plus beginning materials inventory
Answer: (budgeted production times materials required for each unit) plus budgeted ending materials inventory minus beginning materials inventory.
Explanation:
