A comparative balance sheet for Lomax Company containing data for the last two years is as follows: Lomax Company Comparative Balance Sheet This Year Last Year
Assets Current assets: Cash and cash equivalents $ 91,000 $ 66,000 Accounts receivable 630,000 660,000 Inventory 632,000 440,000 Prepaid expenses 26,000 15,000 Total current assets 1,379,000 1,181,000 Property, plant, and equipment 2,470,000 1,880,000 Less accumulated depreciation 639,000 578,000 Net property, plant, and equipment 1,831,000 1,302,000 Long-term investments 122,000 190,000 Loans to subsidiaries 140,000 80,000 Total assets $ 3,472,000 $ 2,753,000
Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 902,000 $ 590,000 Accrued liabilities 37,000 60,000 Income taxes payable 159,000 134,000 Total current liabilities 1,098,000 784,000 Bonds payable 720,000 460,000 Total liabilities 1,818,000 1,244,000 Stockholders' equity: Common stock 1,130,000 1,020,000 Retained earnings 524,000 489,000 Total stockholders' equity 1,654,000 1,509,000 Total liabilities and $3,472,000 $2,753,000 stockholders' equity The following additional information is available about the company's activities during this year:
a. The company declared and paid a cash dividend this year.
b. Bonds with a principal balance of $400,000 were repaid during this year.
c. Equipment was sold during this year for $80,000. The equipment had cost $170,000 and had $64,000 in accumulated depreciation on the date of sale.
d. Long-term investments were sold during the year for $150,000. These investments had cost $68,000 when purchased several years ago.
e. The subsidiaries did not repay any outstanding loans during the year.
f. Lomax did not repurchase any of its own stock during the year.
The company reported net income this year as follows: $3,400,000 2,108,000 1,292,000 1,036,000 256,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $ 82,000 (26,000) 56,000 312,000 100,000 $ 212,000
Required: Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash outflows as negative amounts.)
Lomax Company Statement of Cash Flows Operating activities: 0 0 Net cash provided by operating activities Investing activities: 0 Net cash provided by investing activities Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0

1. The journal entries that Funseth Farms Inc. will record for the sale of the tractor are as follows:

Debit Sale of Tractor $30,000

Credit Tractor $30,000

Debit Accumulated Depreciation $26,000

Credit Sale of Tractor $26,000

Debit Cash $3,000

Credit Sale of Tractor $3,000

Debit Loss from Sale $1,000

Credit Sale of Tractor $1,000

2) If the tractor was sold for $10,000, the journal entries are as follows:

Debit Sale of Tractor $30,000

Credit Tractor $30,000

Debit Accumulated Depreciation $26,000

Credit Sale of Tractor $26,000

Debit Cash $10,000

Credit Sale of Tractor $10,000

Debit Sale of Tractor $6,000

Credit Gain from Sale $6,000

Data Analysis and Calculations:

Cost of Tractor in 2018 = $30,000

Accumulated Depreciation = $26,000

Proceeds from sale = $3,000

Loss from Sale = $1,000

Accumulated Depreciation $26,000 Sale of Tractor $26,000

Sale of Tractor $30,000 Tractor $30,000

Cash $3,000 Sale of Tractor $3,000

Loss from Sale $1,000 Sale of Tractor $1,000

2) If the tractor was sold for $10,000, the journal entries are as follows:

Accumulated Depreciation $26,000 Sale of Tractor $26,000

Sale of Tractor $30,000 Tractor $30,000

Cash $10,000 Sale of Tractor $10,000

Sale of Tractor $6,000 Gain from Sale $6,000

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$36,000? I didn't really understand the question.

1. The completion of the first three rows of a monthly amortization schedule is as follows:

Monthly Amortization Schedule  

           Beginning            Interest         Principal       Ending

            Balance             Payment      Repayment      Balance

1      $400,000.00      $2,000.00      $3,257.00      $396,743

2      $396,743.00        $1,984.00      $3,273.00      $393,470

3      $393,470.00        $1,967.00      $3,290.00      $390,180

2&3. Journal Entries:

November 1, 2022:

Debit Land $400,000

Credit Note Payable $400,000

To record the issuance of the note payable for the purchase of the land.

November 30, 2022:

Debit Interest Expense $2,000

Debit Note Payable $3,257

Credit Cash $5,257

December 31, 2022:

Debit Interest Expense $1,984

Debit Note Payable $3,273

Credit Cash $5,257

3. The remaining balance of the note payable as of December 31, 2022, is $393,470.

4. In the balance sheet as of December 31, 2022, the remaining balance of the note payable ($393,470) will be reported under Current Liabilities of $40,574 and Long-term Liabilities of $352,896.

Data and Calculations:

Note payable = $400,000

Interest rate = 6% per annum

Maturity period = 8 years

Monthly installmental payment  (interest and principal inclusive) = $5,257

Bal;ance of the Note Payable

November 1, 2022: Note Payable                $400,000

First two repayments in Nov and Dec. 2022 = 6,530 ($3,257 + $3,273)

Balance as of December 21, 2022                393,470

Repayments from Jan. 1 to Dec. 2023            40,574

Balance as of December, 2023                    352,896

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Answer:

1. threats to the company

2. is product

3.true

4. sending out press release

Answer:

The four main environmental issues that are most likely to influence the activities of a business are climate change, pollution, sustainability and waste reduction.

Explanation:

Answer:

A) $2,000 favorable

Explanation:

Actual total variable overhead = $ 73,000

Actual total fixed overhead = $ 17,000

Budgeted variable overhead rate per machine hour = $ 2.50

Budgeted total fixed overhead = $ 15,000

Budgeted machine hours allowed for actual output = 30,000

Budgeted variable overhead = $ 2.50 x 30,000 = $ 75,000

Variable overhead variance = Budgeted variable overhead - Actual total variable overhead

Variable overhead variance = $ 75,000 - $ 73,000 = $ 2,000

Since the actual value is under the budgeted value, the variable overhead variance is $2,000 favorable.

Answer:

hold on i will get back to you in a moment

Answer:

Focus

Explanation:

if she is focus she will achieve it

Answer:

Window 10 is better then 11, so i recommand skip 11

Explanation:

Answer:

q5) price will go up

q6) government regulatories

q7) perfectly competitive

q8) includes all cost related to the product

q9)supply will go up and demand will go down

q10) customer objections to sale

Answer:

SMART

Explanation:

hope this helps and is right!! p.s. i really need brainliest :)

Considering the situation described above, my brother needs to work on Self-Monitoring.

This is because Self-Monitoring is a term often used in sociology to describe the ability to is a personality trait that involves monitoring and regulating personal presentations, emotions, and attitudes towards his social environments and situations.

By mastering the habit of Self-Monitoring, my brother would be aware of his words, behaviors, and emotions towards its effects on the people around him.

Hence, in this case, it is concluded that the correct answer is "Self-Monitoring."

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Since Jade has learned that listening to customers, learning about their needs, and communicating with them is the key to making large business sales, Jade is probably using relationship selling.

This is an effective sales strategy, as currently the relationship between companies and consumers has intensified and is much more direct, with companies creating value for the consumer in different aspects of the sales process.

Relationship selling focuses on solving problems through personalized service that does not focus on the product and price, but on the consumer's perspective.

Therefore, relationship selling aims to understand the buyer's needs by solving their problems and satisfying their desires, where the seller acts as a partner capable of generating value for the consumer.

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The supply land in central Pennsylvania is perfectly inelastic, buyers in central Pennsylvania pay an interest rate for land use.

The rental price is lower in central Pennsylvania than Rittenhouse Square. One possible explanation for this rent difference is that highly productive land is downward sloping.

Some entrepreneurs decide to build parking lots on Rittenhouse Square. The supply curve for land to be used in parking lots is upward slopping.

Perfectly inelastic supply corresponds to one in which the demand curve is vertical, that is, the quantity demanded does not respond very strongly to price changes.

Buyers pay an interest rate for the use of the land, as the quantity demanded does not change if the price changes.

The rent price in central Pennsylvania is lower than in the Rittenhouse Squar due to the downward sloping curve that corresponds to lower interest expectations in the future, due to the elasticity of the supply.

The construction of parking lots in Rittenhouse Square is upward sloping because of the response to the profit that entrepreneurs hope to achieve in a perfectly elastic market.

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The information in this question represents a downward type of communication in an organization.

Examples of this type of communication from the question are:

This is a downward type of communication given the fact that information flows from the head of the organization to the employees that are at the lower level.

The red arrow in the diagram shows us that information is being passed down from the CEO to the employees in the organization.

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Answer:

This diagram represents upward communications.

✘ A team of doctors, nurses, technicians, and managers get together at Highland Hospital to discuss ways to save money. They agree to swap a lab kit that costs $96.50 for one that costs $0.29.

✔ The CEO of Nokia, Stephen Elop, meets with 2,000 employees to tell them why he is recommending that they abandon Nokia software to use less popular software from Microsoft.

✔ Cargill’s director of high-intensity sweeteners, Zanna McFerson, tells her boss, Marcelo Montero, the president of Cargill’s Health and Nutrition division, that a glycoside called Rebiana can be used to create a new artificial sweetener to be called Truvia.

✘ Hewlett-Packard CEO Meg Whitman announces to employees that HP will cut its workforce by up to 30,000 people.

When the income and expenditure both fall, then, it is likely that the economy's GDP will falls.

Basically, the economy's GDP refers to the total of all value added created in an economy in a particular period,

Therefore, the Option B is correct because it is likely that the economy's GDP will falls.

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Answer:

It looks like you have to make a presentation for this.

Explanation:

You have to create a ppt (and quick) on promotion.

Answer:

the loss of potential gain from other alternatives when one alternative is chosen.

"idle cash balances represent an opportunity cost in terms of lost interest"

Explanation:

1. The stock value per share of Montgomery Corporation is $10.59 ($0.90/8.5%).

2.  The stock value per share of Montgomery Corporation is $18 ($0.90/ (8.5% -3.5%).

Data and Calculations:

Dividend per share = $0.90

Cost of equity = 8.5%

Growth rate after two years =3.5%

The stock value is determined with the following formula:

P =  D(1)/(r - g)

P = stock price

D (1) = value of next year dividend

r = constant cost of equity capital

g = constant growth rate in perpetuity

Thus, the stock price of Montgomery Corp. will be $10.59 without factoring in the growth rate of 3.5%. The stock price will be $18 per share with the growth rate.

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One example of social media is a wiki, a site where community members can add and discuss information to develop a resource for the entire community: D. social media

Social media can be defined as a collection of Internet software programs (applications) which avails end users the ability to add, share and discuss information, as well as enhance collaboration between community members over the Internet.

This ultimately implies that, wiki is an example of a social media because it allows community members to add and discuss information, in order to develop a resource for the entire community.

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Answer:

d. social media

Explanation:

Wikis are a type of social media. One way companies can use them is to organically develop reference or training materials that reflect consensus on best practices through contributions and editing by employees. Passionate communities can develop around wikis, as shown by the success of Wikipedia. The giant wiki has its challenges, including ensuring information integrity, maintaining volunteer commitment, and representing diversity, but as the sixth most visited website in the world and about 5 million entries just in English, it demonstrates the opportunity to leverage a community to create a shared resource of great value.

Because any authorized member of the community can post an entry, change, or comment to a wiki, this is not a formal communication channel and communication is decentralized.

Given that the planned sales for June this year are $120,000 and that last year's actual sales for the month of June were $110,000, there is a 9.09% increase in sales for the month.

The actual increase in sales is $10,000 ($120,000 - $110,000) or ($110,000 x 1.0909 - $110,000)

Data and Calculations:

Planned sales for June, this year = $120,000

Actual sales for June,last year = $110,000

Planned percent increase in sales for June = 9.09% ($10,000/$110,000 x 100)

Thus, the planned percentage increase in sales for the month is 9.09%.

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The purchase of land in exchange for common stock should be adequately reported in cash flows statement through the Schedule of Non-cash investing or financing activity.

Basically, the non-cash investing and financing activities entails use of some financial tools (not cash) to make an investment or purchase.

In conclusion, the purchase of land in exchange for common stock should be reported in the schedule of Non-cash investing or financing activity.

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Based on the information given the journal entry for this transaction includes a: Debit Factory Wages Payable $200,000; Credit Cash $200,000.

Based on the given details the we were told that total factory payroll of the amount of $200,000 was paid by cash by the manufacturer.

Hence:

The appropriate journal entry to record this transaction is:

Debit Factory Wages Payable $200,000

Credit Cash $200,000

(To record factory wages payable)

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Answer:

real life story real life stories is a story that mean in real life

Employees can be affected when an organization acts unethically such as not enforcing safety laws and not providing proper equipment to employees which can also lead to dangerous environments which lead to injury or death

Customers can be affected when improper enforcement is used while creating or producing products or goods that a customer would then use.

Shareholders can be affected financially if news of unethical actions by the entity was declared by the public.

Answer:

Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own

The firm experiences economies of scale at which output levels output levels less than M.

A firm experiences economies of scale when as quantity produced increases, total cost reduces. This is because total cost associated with production is spread out over a large quantity of goods.

A firm experiences economies of scale at the downward sloping part of the long run average total cost curve.

A firm experiences constant returns to scale between M and N of the long run average total cost curve.

A firm experiences diseconomies of scale at the upward sloping part of the long run average total cost curve.

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Answer:

There is a general consensus (see Rodrik, 1997; Frankel, 2000; Hemmer, 2001) that the driving forces behind economic globalisation are a reduction in transport and communication costs in the private sector, reduced policy barriers to trade and investment by the public sector, an increase in the availability of and ...

Answer:

which article?

Explanation: