Answer:
$5,000
Explanation:
Calculation to determine what Travel, Inc. should report as interest payable at December 31, 2021
Interest payable at Dec 31,2021= $500,000 * 6% * 2 months/12 months
Interest payable at Dec 31,2021= $5,000
(November 1 - December 31 = 2 months)
Therefore Travel, Inc. should report interest payable at December 31, 2021, in the amount of:$5,000
Grohl Co. issued 22 year bonds 2 years ago at a coupon rate of 5 percent. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price?
Answer:
the current bond price is $518.62
Explanation:
The computation of the current bond price is given below:
Given that
NPER = (22 - 2) × 2 = 40
Assuming future value be $1000
PMT = $1,000 ×5% ÷2 = $25
RATE = 11% ÷ 2 = 5.5%
The formula is given below:
=-PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the current bond price is $518.62
Ruston Company had Net Income for 2020 of $6,200,000. The firm invested $4,000,000 in manufacturing equipment during 2020. The equipment is being depreciated over five years using straight-line depreciation, starting in 2020. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2020 with amounts in thousands. What is the Net Cash Flow in 2020
Answer:
$3,000,000
Explanation:
Calculation to determine the Net Cash Flow in 2020
STATEMENT OF CASH FLOW
For the Year 2020
Cash flow from operating Activities:
Net Income $6,200,000
Add Depreciation Expense $ 800,000
Net Cash provided by operating activities $7,000,000
($6,200,000+$800,000)
Cash flow from Investing activities:
Investment in Equipment ($4,000,000)
Net Cash used in Investing activities ($4,000,000)
Net Cash flow in 2020 $3,000,000
Depreciation under Straight Line method = (Cost - Salvage Value)/Useful Life
Depreciation under Straight Line method= (4000000-0)/5
Depreciation under Straight Line method= 800,000
Therefore the Net Cash Flow in 2020 is $3,000,000
Current liabilities could include all of the following except: A. any part of long-term debt due during the current period. B. a notes payable due in 9 months. C. a bank loan due in 18 months. D. an accounts payable due in 30 days.
Answer: C. a bank loan due in 18 months.
Explanation:
Current liabilities include all the debt obligations that a company has in the current period.
This means that only debt obligations that mature within a year are to be considered current liabilities.
Bank loans that are due in 18 months are over a year and so have to be considered long-term liabilities not current liabilities.
Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $41,000 in premiums for the policy during her life. When she dies, Jason collects the insurance proceeds of $615,000.
As a result, Jason reports gross income of:______.
Answer: $0
Explanation:
Life insurance proceeds are generally considered to be tax exempt in order to ease the burden on the bereaved which means that Jason does not have to report any gross income from receiving this insurance proceeds.
If Jason does not collect all the proceeds at once however, and leaves some or all of it with the insurance company to accumulate interest, he will have to pay taxes on that interest.
Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $52,000 during the year. Income generated through the brokerage account was as follows: Municipal interest $104,000 Taxable dividends and interest 520,000 If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. How much investment interest can Tobias deduct
Answer: $43,160
Explanation:
The amount of investment interest that can be deducted is:
= Interest expense * Proportion of total income that is taxable
Municipal interest is not taxable so the proportion of total income that is taxable is:
= Taxable dividends and interest / Total income
= 520,000 / (520,000 + 104,000)
= 0.83
Amount of investment interest that is deductible:
= 52,000 * 0.83
= $43,160
You have just been hired as the director of operations for Reidâ Chocolates, a purveyor of exceptionally fine candies. Reid Chocolates is evaluating a kitchen layout under consideration for its recipe making and testing department. The strategy is to provide the best kitchen layout possible so that food scientists can devote their time and energy to productâ improvement, not wasted effort in the kitchen.
Flow Refrigerator Counter Sink Storage Stove
Refrigerator - 8 14 0 0
Counter 7 - 4 4 8
Sink 4 14 - 4 0
Storage 3 0 0 - 5
Stove 0 9 4 11 -
For layout numberâ one, the cumulative â"loadtimesÃâdistance" orâ "movementâcost"equals=_____feet â(enter your response as a wholeâ number).
For layout numberâ two, the cumulativeâ"loadtimesÃâdistance" orâ "movement âcost"= _________feetâ(enter your response as a wholeâ number).
Solution :
Number or strips between the work centers
From/To Refrigerator(1) Counter(2) Sink(3) Storage(4) Stove(5)
Refrigerator 1 8 14 0 0
Counter 2 7 4 4 8
Sink 3 4 14 4 0
Storage 4 3 0 0 5
Stove 5 0 9 4 11
The weighted average score can be calculated by finding the distance between the departments.
Departments No. of strip Distance Wt. Distance
1,2 8 4 32
1,3 14 8 112
2,1 7 4 28
2,3 4 4 16
2,4 4 8 32
2,5 8 12 96
3,1 4 8 32
3,2 14 4 56
3,4 4 4 16
4,1 3 12 36
4,5 5 4 20
5,2 9 12 108
5,3 4 8 32
5,4 11 4 44
660
Therefore, load time x distance or the movement cost = 660 feet
If labor productivities were exactly proportional to wage levels internationally, this would A) not negate the logical basis for trade in the Ricardian model. B) render the Ricardian model theoretically correct but practically useless. C) negate the logical basis for trade in the Ricardian model. D) negate the applicability of the Ricardian model if the number of products were greater than the number of trading partners. E) demonstrate the validity of the Ricardian model.
Answer:
A)not negate the logical basis for trade in the Ricardian model.
Explanation:
Trade can be regarded as basic economic concept which involves the buying as well as selling of goods and services, having a compensation that is been paid by a buyer to a seller.
The Ricardian model can be regarded as model that incorporates the standard assumptions of a perfect competition. This model in it's simplest form give assumption of two countries that are producing two goods, but uses one factor of production, the goods here are usually assumed to be identical, or to be homogeneous, within as well as across countries. It should be noted that when there is higher wage, there will be greater number of workers that are willing to work and vice versa, which defined the relationship between wages and productivity. productivity gives the
measurement of how efficiently labor
is been utilized when producing goods and services.
It should be noted that If labor productivities were exactly proportional to wage levels internationally, this would not negate the logical basis for trade in the Ricardian model.
Sanchez Company's output for the current period was assigned a $400,000 standard direct labor cost. The direct labor variances included a $10,000 unfavorable direct labor rate variance and a $4,000 favorable direct labor efficiency variance. What is the actual total direct labor cost for the current period
Answer:
$406,000
Explanation:
Calculation to determine the actual total direct labor cost for the current period
Using this formula
Actual direct labor cost=Standard direct labor cost + unfavorable rate variance - favorable efficiency variance
Let plug in the formula
Actual direct labor cost=$400,000 + $10,000 - $4,000
Actual direct labor cost= $406,000
Therefore the actual total direct labor cost for the current period is $406,000
1. Managerial Internal (Inside) accounting information reports are generally prepared for A) Stockholders or Shareholders B) Creditors, Lenders, or Banks C) Managers. D) Regulatory Agencies, like the IRS or SEC
Answer:
C) Managers
Explanation:
Managerial accounting is the accounting that concern with the information received via financial accounting inside the organization. The accouting reports that could be applied for planning, decision making and measuring the performance of the company
So if the managerial accounting information reports are prepared internally so it is for the managers to analyze the overall performance of the organization
Hence, the option c is correct
Which type of fiscal policy takes longer to affect the economy: demand-side or supply-side?
A.)supply-side
B.)demand-side and supply-side policies take an equal amount of time
C.)demand-side
Answer:
A.) supply-side
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
A supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Hence, a supply-side fiscal policy is typically designed to create an outward shift in the production possibilities curve (PPC) and shift the aggregate supply (AS) curve to the left.
Generally, a supply-side fiscal policy takes a longer period of time to affect the economy of a country.
Oriole Company sold goods with a total selling price of $809,600 during the year. It purchased goods for $393,200 and had beginning inventory of $68,400. A count of its ending inventory determined that goods on hand was $51,200. What was its cost of goods sold
Answer:
$410,400
Explanation:
Cost of goods sold = Beginning inventory + Purchases - Ending inventory
Cost of goods sold = $68,400 + $393,200 - $51,200
Cost of goods sold = $410,400
So, its amount of cost of goods sold is $410,400.
ình hình tài sản của Cty SAO KIM, số 7, Lê VănTám , phường 9, Quận 10 tính đến ngày 31/12/2020 như sau :
Đvt: triệu đồng.
Tiền mặt 1,000
Tiền gửi ngân hàng 79,000
Phải trả người bán 110,000
1399Nguyên vật liệu 225,000
Vay ngắn hạn ngân hàng 120,000
Công cụ dụng cụ 5,000
Nguồn vốn kinh doanh 965,000
Lãi chưa phân phối 203,500
Xe tải 100,000
Dây chuyền công nghệ 500,000
Máy móc thiết bị 389,000
Phải thu khách hàng 100,000
Phải trả người lao động X
Yêu cầu:
1. Tìm X.
You have just applied for a 30-year $100,000 mortgage at a rate of 10%. What must the annual payment be? *Make sure to input all currency answers without any currency symbols or commas, and use two decimal places of precision.
Answer: $10,607.92
Explanation:
The annual payment will be constant which means that it is an annuity.
The mortgage value is therefore the present value of the annuity.
Present value of annuity = Annuity * ( 1 - (1 + rate) ^ -number of years) / rate
100,000 = Annuity * ( 1 - (1 + 10%) ^ -30) / 10%
100,000 = Annuity * 9.4269144669883
Annuity = 100,000 / 9.4269144669883
= $10,607.92
Suppose that the tax on interest income is levied on the nominal interest rate, the tax rate is 20 percent, and the real interest rate is 4 percent a year. There is no inflation.
Calculate the after-tax real interest rate and the true tax rate on interest income.
Answer:
After-tax interest rate ⇒ 3.2%True tax on interest income ⇒ 20%Explanation:
After-tax real interest rate:
= Real interest rate * (1 - tax rate)
= 4% * (1 - 20%)
= 4% * 80%
= 3.2%
True tax on interest income:
= 20%
True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.
Binford Corporation's contribution margin ratio is 58%, and its fixed monthly expenses are $94,000. Assume that the company's sales for May are expected to be $178,000.
Required:
Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change.
Answer:
$9,240
Explanation:
Calculation to Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change
Using this formula
Net operating income = (CM ratio × Sales) - Fixed expenses
Let plug in the formula
Net operating income= (0.58× $178,000) - $94,000
Net operating income= $103,240 - $94,000
Net operating income= $9,240
Therefore the company's net operating income for May, assuming that the fixed monthly expenses do not change is $9,240
Two national companies both sell a variety of soaps and lotions. When looking at the balance sheets, one company lists goodwill as an asset, but the other company does not. What does this tell you about these companies
Answer: A. The first company purchased an entire business to expand the company, whereas the second company likely has not yet purchased another entire business.
Explanation:
Goodwill is the value over a company's net value that it is purchased for. For instance, if a company is worth $15,000 but was purchased for $20,000, $5,000 is the goodwill.
A company only expresses goodwill in its books when it has purchased another company for more than the company's value and when the balance sheets of the purchaser and the purchased were consolidated, the goodwill is therefore shown.
If the first company has goodwill as an asset then it means that it has purchased a company before unlike the second company which has not purchased any company as of yet.
Goodwill is referred to as intangible assets and is associated with the reputation of the firm. The goodwill depends on the gradual growth of the company at the variable stages. It is the purchase or acquisition of the assets at fair value and acquiring limited liabilities for the better growth of the company.
The correct option for the answer is A. The first company purchased an entire business to expand the company, whereas the second company likely has not yet purchased another entire business.
Options A. The first company purchased an entire business to expand the company, whereas the second company likely has not yet purchased another entire business is correct because the first company has made the decision to expand by owning it and getting some of the major investors from the market for the investment as well.
Options:
B. The first company regularly donates to charitable causes, whereas the second company does not donate to charitable causes.
C. The first company purchased patents above market value to expand their product line, whereas the second company likely developed all of their patents in-house.
D. The first company added research and development costs as an intangible asset, whereas the second company expensed their research and development costs immediately
These options are wrong because they do not specify the correct meaning of the sentence in the context. They are verifying the other concept as compared to the context.
To know more about the Goodwill of the company, refer to the link below:
https://brainly.com/question/5006029
Suppose savers either buy bonds or make deposits in savings accounts at banks. Initially, the interest income earned on bonds or deposits is taxed at a rate of 20%. Now suppose there is an increase in the tax rate on interest income, from 20% to 25%.
Shift the appropriate curve on the graph to reflect this change.
This change in the tax treatment of interest income from saving causes the equilibrium interest rate in the market for loanable funds to and the level of investment spending to ______.
Answer:
실례합니다? 당신은 이것을 의미합니까?
Explanation:
저축자들이 채권을 사거나 은행의 예금 계좌에 예금한다고 가정해 봅시다. 처음에는 채권이나 예금으로 얻은 이자 소득에 20%의 세율이 적용됩니다. 이제 이자 소득에 대한 세율이 20%에서 25%로 인상되었다고 가정합니다. 이 변경 사항을 반영하려면 그래프에서 적절한 곡선을 이동하십시오. 저축으로 인한 이자 소득에 대한 세금 처리의 이러한 변화는 대부자금 시장의 균형 이자율과 투자 지출 수준을 ______로 만듭니다. ?
What are the purposes of the Democratic leadership style?
Answer:
#It brings peace in the society.
#It increases the growth/development of a society.
#It enables civilians of a society to express themselves.
Answer:
Democratic leadership is a type of leadership in which the Group's members play a more participatory role.
Explanation:
This leadership style allows everyone to participate, discuss ideas, hear their views, and encourage debate. However, the group leader still needs guidance and guidance to achieve the goals and goals.
Members of the Group are encouraged to share opinions and ideas, even if the leader retains the last say in decisions.Group members feel more committed to the process.Creativity is promoted and recompensed.As there is group engagement and discussion, more thoughts and ideas lead to better ideas and solutions, the main benefit of a democratic leadership style.
The participants in a group participate more in and engage in projects that increase their investment in the final results. In essence, they care more and increase productivity.
All of the following statements are true EXCEPT:_________.
A. the demand for gasoline is more elastic the longer the time elapsed.
B. the smaller the proportion of income spent on a good, the more inelastic demand will be.
C. the demand for food is less elastic than the demand for a Hawaiian vacation.
D. the demand for Nike running shoes is less elastic than the demand for shoes.
E. the demand for clothing is less elastic than the demand for blue jeans.
Answer:
D. the demand for Nike running shoes is less elastic than the demand for shoes.
Explanation:
In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes
So, the option d is correct
unclearninglab.litmos.com
ng & Certifications
2022 Ethics and Compliance Test
2022 Ethics and Compliance Test
W PREVIOUS
X EXIT
Janine, currently enrolled in a 3-star plan,
discovers there is 5-star plan available where
she lives. She asks her agent, Josh, to enroll
her in the 5-star plan. Josh can advise Janine
of each of the following except:
Josh should tell Janine that she can only change her current plan to a 5-
star plan during the Annual Election Period.
Josh should tell Janine that she can only use the 5-Star SEP once per
calendar year.
Josh should tell Janine that she can change her current plan to a 5-star
Answer:
Janine and Josh
Josh can advise Janine of each of the following except:
Josh should tell Janine that she can only change her current plan to a 5-
star plan during the Annual Election Period.
Explanation:
The Special Election Period (SEP) for the 5-star Medicare Plan lasts one week, that is, between Nov. 30 and Dec. 8. However, there is an Annual Enrollment Period (AEP) that lasts from October 15th to December 7th. During the annual enrollment period, any plan holder can change her Medicare plan, depending on its availability in her area.
You invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national population of dog owners. After reviewing what identifies an ideal market you realize your segmentation approach does not meet any of the effective segmentation conditions. At this point you should:
Answer:
refine your approach by going back to the drawing board
Explanation:
Considering the scenario described above in the question, the best thing to do is "refine your approach by going back to the drawing board."
This will give you the chance and opportunity to look for a better plan, then find a perfect segmentation approach that really meets and satisfy all of the effective segmentation conditions.
The accounting records of Jamaican Importers, Inc., at January 1, 2021, included the following: Assets: Investment in IBM common shares $ 1,345,000 Less: Fair value adjustment (145,000) $ 1,200,000 No changes occurred during 2021 in the investment portfolio.
Prepare appropriate adjusting entry(s) at December 31, 2021, assuming the fair value of the IBM common shares was:_____.
1, $ 1,175,000
2, $ 1,275,000
3, $ 1,375,00
Answer: See explanation
Explanation:
The appropriate adjusting entry(s) at December 31, 2021, given the fair value of the IBM common shares are represented below:
1. 31, December 2021
Dr Unrealized holding gain or loss - NI $25,000
Cr To Fair value adjustment $25,000
(To record adjustment to fair value)
2. 31, December 2021
Dr Fair value adjustment $75,000
Cr To Unrealized holding gain or loss - NI $75,000
(To record adjustment to fair value)
3. 31, December 2021
Dr Fair value adjustment $175,000
Cr To Unrealized holding gain or loss - NI $175,000
(To record adjustment to fair value)
Place a checkmark next to each argument that supports keeping the Federal Reserve.
1- The Fed favors the interests of the wealthy.
2- The Fed helps prevent bank failures, like those that occurred prior to and during the Great Depression.
3- The Fed helps stabilize the stock markets, particularly during a financial crisis or national emergency.
4- The Fed can offset negative financial impacts from foreign countries.
5- The Fed plays a vital role in maintaining healthy financial and banking systems in the U.S.
6- The Fed is essentially a currency monopoly.
Answer:
2- The Fed helps prevent bank failures, like those that occurred prior to and during the Great Depression.
3- The Fed helps stabilize the stock markets, particularly during a financial crisis or national emergency.
4- The Fed can offset negative financial impacts from foreign countries.
5- The Fed plays a vital role in maintaining healthy financial and banking systems in the U.S.
Explanation:
The Federal Reserve is a group of federal banks that regulate other banks, maintain monetary policy of a nation, provides banking services and also tries to ensure financial stability.
Therefore, the above selections are arguments that supports keeping the Federal Reserve.
All of the following are anticipated effects of a proposed project. Which of these should be considered when computing the cash flow for the final year of the project? Operating cash flow and salvage values only Salvage values and net working capital recovery only Operating cash flow, net working capital recovery, salvage values Net working capital recovery and operating cash flow only Operating cash flow only
Answer: Operating cash flow, net working capital recovery, salvage values
Explanation:
The anticipated effects of a proposed project that should be considered when computing the cash flow for the final year of the project include the operating cash flow, net working capital recovery, and the salvage values.
It should be noted that the operating cash flows which consist of the net income and the non cash expenses with the salvage value and the redemption of working capital are all included during the computation of the cash flow for the final year of the project.
K. Johnson, Inc.'s managers want to evaluate the firm's prior-year performance in terms of its contribution to shareholder value. This past year, the firm earned an operating income return on investment of 12 percent, compared to an industry norm of 11 percent. It has been estimated that the firm's investors have an opportunity cost on their funds of 15 percent, which is the same as the firm's overall cost of capital. The firm's total assets for the year were exist100 million.
Required:
a. Compute the amount of economic value created or destroyed by the firm.
b. How does your finding support or fail to support what you would conclude using ratio analysis to evaluate the firm's performance?
Answer:
-3 million dollars
Explanation:
we have EVA = economic value added
to ge the EVA, we use this formula :
(operating return on the assets - cost of the total capital) multiplied by the total assets
total assets = 100 million
operating return = 12 percent
cost of capital = 15 percent
the EVA = 12% - 15% * 100000000
= -0.03 * 100000000
= -3,000,000 dollars
b. The loss of the value of the shareholder is happening even though the firm is earning ROI that is more than the average firm in the industry.
Question 4
Which of the following is an example of an asset?
O Repairs and Maintenance
Accounts Receivable
o
o Accounts Payable
GST Collected
Answer:
Accounts Receivable
Explanation:
Everything else is a liability
Gutierrez Company is constructing a building. Construction began in 2014 and the building was completed on December 31, 2014. Gutierrez made payments to the construction company of $2,500,000 on 7/1/14, $5,500,000 on 9/1/14, and $5,000,000 on 12/31/14. What is the amount of weighted average accumulated expenditures
Answer:
$3,083,333.33
Explanation:
Weighted average accumulated expenditures = ($2,500,000*6/12) + ($5,500,000*4/12)
Weighted average accumulated expenditures = $1,250,000 + $1,833,333.33
Weighted average accumulated expenditures = $3,083,333.33
So, the amount of weighted average accumulated expenditures is $3,083,333.33.
Harvey is a self-employed accountant with earned income from the business of $120,000 (after the deduction for one-half of his self-employment tax). He uses a defined contribution Keogh plan. What is the maximum amount Harvey can contribute to his retirement plan in 2020
Answer: $24,000
Explanation:
Under the defined contribution Keogh plan, Harvey is allowed to contribute the lesser amount of either $57,000 or 20% of his self-employed income from business.
20% of income is;
= 20% * 120,000
= $24,000
This is less than the maximum of $57,000 and so is the amount that Harvey can contribute to his retirement plan.
Blazing Woman, a large music festival wants to secure a venue for its show coming up in two years. 19 months before the festival it enters into an agreement with Stonestock Farms. They shake hands on it, but do not write or sign any type of formal agreement. Eight months later Stonestock notified Blazing Woman that they decided against allowing their farm to be used. Can Blazing Woman enforce the agreement with the Stonestock even though it was not in writing
Answer:
No. Because the contract cannot be fully performed within a year of its creation, R is within the statute of frauds.
Explanation:
Since in the question it is mentioned that there is no written agreement so the agreement should not be enforceable as as per the law if the contract is to be treated as completed for a period of time so it should be in the written form
Here woman could not able to sue the stonstock farms
Therefore the above statement represent an answer
Suppose I want to open my own restaurant. Currently I am working asa Financial Analyst at a top bank earning $175,000 a year, which I willhave to quit to open a restaurant. I am also going to invest $100,000of my savings which were earning an average annual rate of 6%.Whatis my opportunity cost(implicit cost) of opening the restaurant
Answer: $181000
Explanation:
Amount earned in a bank = $175000
Money invested = $100000
Interest Rate = 6%
Interest earned will be:
= 6% × $100000
= $6000
Therefore, the total earnings when the individual is working in the bank will be:
= $175000 + $6000
= $181000
Therefore, the pportunity cost of opening the restaurant will be the income that's foregone when working in the bank which is $181000.
