Address the following as they apply
- Explain what the topic is and why it is relevant?
- Explain Causes / Needs depending on the Circumstance/Topic§How prevalent is it?
- Is it a cultural issue?
- Is it a problem/issue that affects all companies? Only a few? Why
- Can you identify a company where this has been presented as an issue? Which one or which ones? Why do you think it occurred there?

The amount by which overhead incurred during a period exceeds the overhead applied to jobs is Overapplied overhead.

The correct answer is Overapplied overhead.

Underapplied overhead occurs when the actual overhead incurred during a period is greater than the overhead applied to jobs. In other words, it represents a situation where the amount of overhead allocated or assigned to jobs is less than the actual overhead expenses.

Overhead refers to indirect costs incurred by a company that are not directly attributable to specific jobs or products but are necessary for the overall operation of the business. Examples of overhead costs include rent, utilities, depreciation, and indirect labor.

To allocate overhead costs to jobs, companies typically use predetermined overhead rates based on estimates and cost allocation methods. However, the actual overhead expenses incurred may differ from the estimated or applied overhead.

When the actual overhead exceeds the applied overhead, it results in underapplied overhead. This indicates that the company has not allocated enough overhead costs to its products or jobs. Underapplied overhead can arise due to various factors such as higher-than-expected indirect costs, inefficient cost control, changes in production levels, or inaccurate cost estimates.

Underapplied overhead is usually recorded as a debit balance in the overhead control account. It is considered unfavorable because it means that the company has underestimated the actual overhead expenses and, therefore, may have underpriced its products or jobs.

To adjust for underapplied overhead, the amount is typically allocated or allocated to the appropriate cost of goods sold (COGS) or inventory accounts. This adjustment helps ensure that the overhead costs are properly reflected in the financial statements and that the company's products or jobs are appropriately priced to cover the actual costs incurred.

In summary, underapplied overhead occurs when actual overhead expenses exceed the overhead allocated to jobs, indicating that the company has underestimated its indirect costs.

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The given cross-price elasticity of demand between pineapple juice and grape juice is -5. The correct option is a.

The cross-price elasticity of demand between pineapple juice and grape juice can be defined as the percentage change in the quantity demanded of grape juice divided by the percentage change in the price of pineapple juice. It is measured in percentage or absolute terms.

The formula for the cross-price elasticity of demand is:

The cross-price elasticity of demand = % change in quantity demanded of grape juice / % change in the price of pineapple juice

Substituting the given values, We get, the % change in the price of pineapple juice = 20% (increase) and % change in the quantity demanded of grape juice = 4% (increase)

Now, substituting the values in the formula, we have:-5 = 4 / 20% × 100%

The cross-price elasticity of demand between pineapple juice and grape juice is -5.

An increase in the price of pineapple juice by 20% leads to a decrease in the quantity demanded of grape juice by 4%. This means that grape juice is a substitute for pineapple juice, where an increase in the price of pineapple juice has resulted in people moving towards grape juice.

The correct option is a.

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The equilibrium prices and quantities under Bertrand price competition in this scenario are p₁ = p₂ = 4 and q₁ = q₂ = 3.

In Bertrand price competition, firms simultaneously set prices for their products and compete to capture the market share. The equilibrium is reached when both firms set prices equal to their marginal costs.

To find the equilibrium prices and quantities, we start by differentiating the cost functions with respect to their respective quantities:

For firm 1:

MC₁ = ∂c(q₁)/∂q₁ = 4

For firm 2:

MC₂ = ∂c(q₂)/∂q₂ = 4

Setting the marginal costs equal to prices (MC₁ = p₁ and MC₂ = p₂), we have:

p₁ = 4

p₂ = 4

Substituting these price values into the demand functions, we can solve for the equilibrium quantities:

q₁ = 10 - 2p₁ + p₂

q₁ = 10 - 2(4) + 4

q₁ = 3

q₂ = 10 - 2p₂ + p₁

q₂ = 10 - 2(4) + 4

q₂ = 3

Therefore, the equilibrium prices are p₁ = p₂ = 4, and the equilibrium quantities are q₁ = q₂ = 3.

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Galaxy Enterprises' firm value is approximately $41.25 million.

To compute Galaxy Enterprises' firm value, we can use the formula for the firm's value:

Firm value = EBIT * (1 - Tax rate) / Required rate of return on assets

Given information:

EBIT (Earnings Before Interest and Taxes) = $9 million

Debt outstanding = $90 million

Required rate of return = 7.3%

Required rate of return on assets in the industry = 12%

Corporate tax rate = 21%

Present value of bankruptcy costs = $18 million

First, let's calculate the after-tax earnings by subtracting the taxes from EBIT:

After-tax earnings = EBIT * (1 - Tax rate)

After-tax earnings = $9 million * (1 - 0.21)

After-tax earnings = $9 million * 0.79

After-tax earnings = $7.11 million

Next, let's calculate the firm value using the formula mentioned above:

Firm value = After-tax earnings / Required rate of return on assets

Firm value = $7.11 million / 0.12

Firm value = $59.25 million

However, we also need to consider the effect of debt on the firm value. The present value of bankruptcy costs needs to be subtracted from the firm value:

Adjusted firm value = Firm value - Present value of bankruptcy costs

Adjusted firm value = $59.25 million - $18 million

Adjusted firm value = $41.25 million

Therefore, Galaxy Enterprises' firm value is approximately $41.25 million.

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A work breakdown structure can BEST be thought of as an effective aid for D) Stakeholder communication.

A work breakdown structure (WBS) is a project management tool that breaks down a large project into manageable smaller components or parts called work packages. Work packages are easier to plan, organize, execute, track and report than large projects. Stakeholders who are involved in a project may include employees, customers, sponsors, suppliers, and regulatory bodies.

Stakeholder communication is a project management function that involves developing, managing, and disseminating project information to the stakeholders throughout the project life cycle. This is accomplished by developing a communication plan, which outlines the type, frequency, format, and content of the project information to be shared with stakeholders

The following are the benefits of using WBS as an aid for stakeholder communication: WBS makes it easy for stakeholders to understand the project scope, objectives, and deliverables.WBS provides a common language for stakeholders, which facilitates effective communication among them.WBS helps stakeholders to know the progress of the project, the project status, and the milestones achieved. This helps stakeholders to identify issues early, take corrective action, and avoid project delays.

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2) Break-even Point is $1,612,415. 3) if sales increase by $47,000 a month, the monthly net operating income is expected to increase by approximately $16,218.

1. Contribution Format Income Statement:

Olongapo Sports Corporation

Contribution Format Income Statement

For the Month Ended [Date]

Sales:

  Flight Dynamic: $680,000

  Sure Shot: $320,000

Total Sales: $1,000,000

Variable Expenses:

  Flight Dynamic (61% of sales): $414,800

  Sure Shot (75% of sales): $240,000

Total Variable Expenses: $654,800

Contribution Margin:

  Flight Dynamic: $265,200

  Sure Shot: $80,000

Total Contribution Margin: $345,200

Fixed Expenses: $556,500

Net Operating Income: $345,200 - $556,500 = -$211,300

2. Break-even point in dollar sales based on the current sales mix:

Contribution Margin Ratio = Total Contribution Margin / Total Sales

Contribution Margin Ratio = $345,200 / $1,000,000

Contribution Margin Ratio = 34.52%

Break-even Point = Fixed Expenses / Contribution Margin Ratio

Break-even Point = $556,500 / 0.3452

Break-even Point ≈ $1,612,415

Therefore, the company's break-even point in dollar sales based on the current sales mix is approximately $1,612,415.

3. If sales increase by $47,000 a month, the expected increase in monthly net operating income can be calculated by multiplying the increase in sales by the overall contribution margin ratio.

Increase in Sales = $47,000

Overall Contribution Margin Ratio = Total Contribution Margin / Total Sales = $345,200 / $1,000,000 = 34.52%

Expected Increase in Net Operating Income = Increase in Sales * Overall Contribution Margin Ratio

Expected Increase in Net Operating Income = $47,000 * 0.3452 ≈ $16,218

Therefore, if sales increase by $47,000 a month, the monthly net operating income is expected to increase by approximately $16,218.

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Ridge Company incurred interest expenses due to the dishonoring of a note by Tamara Jackson. The interest amounts need to be calculated for the specific dates involved in the transactions.

To calculate the interest amounts at September 17, we need to determine the time from March 21 to September 17, which is 180 days.

Ridge Company accepted a $12,400, 180-day, 7% note from Tamara Jackson on March 21, granting a time extension for her past-due account receivable.

Using the formula: Interest = Principal × Rate × Time, the interest amount at September 17 would be $12,400 × 0.07 × (180/360) = $434.

In the journal entry for September 17, the dishonoring of the note would be recorded as a debit to Accounts Receivable and a credit to Notes Receivable.

Note: The given question mentions a table, but without the specific information provided in the table, it's not possible to provide a detailed breakdown of the calculations for each step.

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When the inverse linear demand function is p = 24 - 2q and the total cost function is C(q) = 50 + q², the monopolist's profit-maximizing level of output is 4. Option a is correct.

Determine the quantity at which marginal revenue (MR) equals marginal cost (MC) to find the monopolist's profit-maximizing level of output.

Determine the monopolist's total revenue (TR) function by multiplying the price (p) by the quantity (q) given the inverse linear demand function p = 24 - 2q:

TR = p × q = (24 - 2q) × q = 24q - 2q²

The monopolist's marginal revenue (MR) is the derivative of the total revenue function with respect to quantity:

MR = d(TR)/dq = 24 - 4q

The total cost (TC) function is given as C(q) = 50 + q².

The monopolist's marginal cost (MC) is the derivative of the total cost function with respect to quantity:

MC = d(C(q))/dq = 2q

Equate MR and MC:

MR = MC

24 - 4q = 2q

Simplifying the equation:

24 = 6q

q = 4

Therefore, the monopolist's profit-maximizing level of output is 4. The correct answer is a. 4.

A monopolist's inverse linear demand function and total cost function are given as follow

p=24−2q and C(q)=50+q²

Based on this information, what is the monopolist's profit-maximizing level of output? a. 4 b. 40 c. 20 d. 8

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The capitalized cost of investment for the new sports facility is 1,013,140.32 TL.

The Capitalized Cost of Investment (CCI) is the total cost of the project to the organization. To compute CCI, follow the below instructions.

1. The initial expense of the facility

2. The working capital required

3. Installation costs, as well as any other expenditures related to the facility's acquisition

4. Fees for professional services

5. Contingency fees and other miscellaneous expenses

The formula for calculating the capitalized cost of investment is: C0 = (C1 / I) * A

Where:

C0 is the capitalized cost of investmentC1 is the capital expenditure that needs to be capitalized

I is the discount rate

A is the annuity factor

At an annual interest rate of 6 percent, the discount rate (I) will be 1.06.

The various costs of the new sports facility are given below:

Land cost (TL) = 3,800,000

Facility installation cost (11) (TL) = 11,000,000

Insurance premiums (annual) (11) (TL) = 250,000

Annual maintenance cost (TL) = 80,000

Major repair maintenance cost (10th year) (TL) = 1,200,000

Lawn renewal cost (every 7 years) (TL) = 200,000

Economic life (years) = 100Infinite period = 12

Now, let's compute the capitalized cost of investment:

C1 = 3,800,000 + 11,000,000 + 250,000 + 80,000 + 1,200,000 + 200,000= 16,530,000C

CI = (C1 / I) * A = (16,530,000 / 1.06) * 0.063354= 1,013,140.32

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1. On January 1, 2020, Nash Company purchased $72,000 of Chester Corporation bonds for $66,399, recording it as an available-for-sale security.

2. On December 31, 2020, Nash Company received annual interest and discount amortization for the bonds, recording the cash received and recognizing interest income.

3. At year-end, a fair value adjustment is made to reflect the market value of the available-for-sale securities, recording any unrealized gain or loss.

(a) The journal entry for the purchase of the investment would be as follows:

Date: January 1, 2020

Debit: Available-for-Sale Securities (Investment) - $66,399

Credit: Cash - $66,399

Explanation: Nash Company debits the available-for-sale securities account to record the cost of purchasing the bonds of Chester Corporation. Cash is credited as it is the method of payment for the investment.

(b) The journal entry for the receipt of annual interest and discount amortization would be as follows:

Date: December 31, 2020 (assuming interest is paid annually)

Debit: Cash (Interest Received) - [Amount of Interest Received]

Debit: Discount on Bonds Payable - [Amount of Discount Amortization]

Credit: Interest Income - [Amount of Interest Received]

Explanation: The company recognizes interest income on the available-for-sale security and also amortizes the discount on the bonds payable. Cash is debited for the amount of interest received, and interest income is credited for the same amount. The discount on bonds payable account is debited to reflect the amortization of the discount.

(c) The journal entry for the year-end fair value adjustment would be as follows:

Date: December 31, 2020

Debit: Unrealized Gain/Loss on Available-for-Sale Securities - [Fair Value Adjustment]

Credit: Fair Value Adjustment - Available-for-Sale Securities - [Fair Value Adjustment]

Explanation: At the end of the year, the fair value of the available-for-sale securities is adjusted to reflect the market value. The difference between the fair value and the carrying value (cost) of the investment is recorded as an unrealized gain or loss. The unrealized gain/loss account is debited or credited, depending on whether there is a gain or loss, and the fair value adjustment account is credited or debited accordingly.

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The primary purchasers of preferred stock include corporate investors, insurance companies, pension funds, and individual investors. Therefore, none of the options mentioned in the question are excluded as primary purchasers of preferred stock. Option(d)

Preferred stock is a type of equity security that represents ownership in a company, but typically has preferential rights and privileges over common stock. It often pays a fixed dividend and has a higher claim on company assets compared to common stock. Corporate investors, insurance companies, pension funds, and individual investors are all potential buyers of preferred stock. Each of these entities may have different investment strategies and preferences based on their specific needs and objectives. Therefore, there are no exclusions among the options provided; all of them can be primary purchasers of preferred stock.

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The solution is as follows: Shanon Company Income statementSegments Total Company North Division South Division Sales $760,000 $320,000 $440,000 Variable expenses 304,000 80,000 224,000 Contribution margin $456,000 $240,000 $216,000 Contribution Margin Ratio 60% 75% 49.09% Fixed expenses.

Traceable fixed expenses 319,200 169,200 150,000 Segment Margin $136,800 $70,800 $66,000 Segment Margin Ratio 18% 22.13% 15% Common fixed expenses 91,200 Net operating income $45,600From the given data, we can calculate the contribution margin of the North Division by using the contribution margin ratio.

North Division contribution margin

= Contribution Margin Ratio × North Division sales$240,000

= 75% × North Division salesNorth Division sales

= $320,000Similarly, we can calculate the total contribution margin of the company by subtracting the variable expenses from sales.

Therefore, the correct answer is: Total Company North Division South Division Sales $760,000 $320,000 $440,000 Variable expenses 304,000 80,000 224,000 Contribution margin $456,000 $240,000 $216,000 Contribution Margin Ratio 60% 75% 49.09% Fixed expenses: Traceable fixed expenses 319,200 169,200 150,000 Segment Margin $136,800 $70,800 $66,000 Segment Margin Ratio 18% 22.13% 15% Common fixed expenses 91,200 Net operating income $45,600

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To calculate the total manufacturing costs added during the period, we need to determine the direct labor cost and the overhead cost.

Direct labor cost:

Direct labor cost is the portion of the factory payroll that can be directly attributed to the production of goods. In this case, the direct labor cost is $155,000 - $35,000 (indirect labor) = $120,000.

Overhead cost:

The predetermined overhead rate is 150% of direct labor cost. Therefore, the overhead cost is 150% of $120,000 = $180,000.

Total manufacturing costs added during the period:

The total manufacturing costs added during the period is the sum of raw materials issued to production, direct labor cost, and overhead cost.

Total manufacturing costs = Raw materials issued + Direct labor cost + Overhead cost

Total manufacturing costs = $200,000 (raw materials issued) + $120,000 (direct labor cost) + $180,000 (overhead cost)

Total manufacturing costs = $500,000

Therefore, the correct answer is option c. $500,000.

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Fiscal policy seems to have a stronger impact over time than monetary policy, while there will always be a lag in its impacts, and monetary policy has shown some short-term success.

The more effective monetary policy is at controlling an economy, and the less effective fiscal policy is, the lower the interest elasticity of money demand. Conversely, monetary policy is less successful and fiscal policy is more effective the higher the interest elasticity of money demand.

The main goals of monetary policy are to promote economic development, price stability, and full employment. Because policy lacks an application, it is simple to undermine and has the power to control the money supply.

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(a) The production function can be written as:

f(q1, q2) = 2q1 + 3q2

(b) The output increases proportionally with the scale factor k, which means the firm's technology exhibits constant returns to scale.

(c) The isoquants will be downward sloping straight lines. Labeling the three isoquants as IQ6, IQ12, and IQ24, we find the following intercepts and slopes:

- IQ6 intercepts: (0, 2), (3, 0)

- IQ12 intercepts: (0, 4), (6, 0)

- IQ24 intercepts: (0, 8), (12, 0)

(d) The firm's minimum costs of producing f floors is ($50/3)f.

(a) The production function relating output (floors) to the amount of linoleum panels (q1) and vinyl panels (q2) used in production can be written as:

f(q1, q2) = 2q1 + 3q2

(b) To determine if the firm's technology exhibits increasing, constant, or decreasing returns to scale, we need to examine how the output changes when both inputs are scaled up proportionally. Let's consider multiplying both inputs by a constant factor of k:

f(kq1, kq2) = 2(kq1) + 3(kq2) = 2kq1 + 3kq2

We can see that the output increases proportionally with the scale factor k, which means the firm's technology exhibits constant returns to scale.

(c) To graph the isoquants corresponding to 6, 12, and 24 floors produced with linoleum panels on the horizontal axis (q1) and vinyl panels on the vertical axis (q2), we can rearrange the production function:

q2 = (1/3)(f - 2q1)

The isoquants will be downward sloping straight lines. Labeling the three isoquants as IQ6, IQ12, and IQ24, we find the following intercepts and slopes:

- IQ6 intercepts: (0, 2), (3, 0)

- IQ12 intercepts: (0, 4), (6, 0)

- IQ24 intercepts: (0, 8), (12, 0)

The slope of each isoquant represents the marginal rate of technical substitution (MRTS), which is the rate at which one input can be substituted for the other while keeping the level of output constant. In this case, the MRTS is constant and equal to 2/3.

(d) To derive the expression for the firm's minimum costs of producing f floors, we need to consider the cost of the input bundle that minimizes the cost while producing the desired output. The cost can be calculated as:

Cost = Price of linoleum panels * quantity of linoleum panels + Price of vinyl panels * quantity of vinyl panels

Given that each package of linoleum paneling costs $50 and each package of vinyl paneling costs $100, the cost expression becomes:

Cost = $50q1 + $100q2

To find the input bundle that minimizes the cost while producing f floors, we need to substitute the production function f(q1, q2) = 2q1 + 3q2 into the cost expression:

Cost = $50q1 + $100q2 = $50(q1) + $100(f - 2q1)/3

Simplifying, we can rewrite the expression as:

Cost = ($50/3)f + ($100/3)q1

So, the firm's minimum costs of producing f floors is ($50/3)f.

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The correct statement about a monopolist is- a monopoly is protected from competition by barriers to entry. The correct answer is option b.

A monopoly refers to a market structure where there is a single seller or producer of a good or service, and there are no close substitutes available.

In such a situation, the monopolist has the power to control the market, set prices, and restrict competition. Barriers to entry play a crucial role in maintaining a monopoly.

These barriers can include legal restrictions, high start-up costs, control over key resources, network effects, patents, or exclusive rights.

By creating obstacles for potential competitors to enter the market, a monopoly can maintain its dominant position and prevent the entry of new firms that could potentially challenge its market power.

The correct answer is option b.

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Cash management is a critical aspect of managing a successful company. An entrepreneur needs to ensure that he has enough cash to pay his bills while still investing in his business.

The following is not considered a cash management concern for an entrepreneur: Investing High Return Funds. An entrepreneur, who starts a small coffee cart business, will face various challenges.

The primary issue preventing him from expanding by purchasing a second coffee cart in the third month of operations is Lack of working capital. Working capital is a company's current assets minus its current liabilities. It represents the cash a business has on hand to pay its bills.

Inadequate working capital will stifle a company's growth. A wholly-owned subsidiary has several advantages, including total managerial control. Therefore, the benefit of a wholly-owned subsidiary is Total Managerial Control.

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The revenue recognized on the March income statement from this order is $0. The April Income statement is $2,745.

Order in March = 146 units

Price = $15.00

Order in April = 37 units

Price = $15.00

Digby uses the accrual method of accounting and offers 30-day credit terms

No. of units delivered in March = 0

No. of units delivered in April = 146

No. of units delivered in May = 37

Payment was received for 146 units in April and 37 units in May. March Income Statement: Revenue is recognized on the income statement when goods or services are sold and delivered, regardless of when payment is received.

Since Digby has not delivered any units in March, the revenue is not recognized on the March income statement. Therefore, the revenue in March is $0.

April Income Statement: Total units delivered = Units delivered in April + Units delivered in May

= 146 + 37

= 183 units

Total revenue = Total units delivered × Price per unit

= 183 × $15= $2,745 (in thousands)

The payment was received for 146 units in April, the remaining payment of 37 units will be recorded in the May Income Statement. The amount of revenue recognized on the April Income Statement is $2,745 (in thousands). Therefore, the correct option is  $2,745, 0.

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Konkuk Foundation (KF) is a non-profit organization that began operations on January 1st, 2021. Here, we will prepare a balance sheet, activity statement, and cash flow statement for KF for the fiscal year ending December 31, 2021.

Konkuk Foundation (KF) is a non-profit organization that started operations on January 1st, 2021. In this case, we will prepare a balance sheet, activity statement, and cash flow statement for KF for the fiscal year ending December 31, 2021. These statements provide valuable insights into the financial position and performance of the organization.

1. Balance Sheet for KF as of December 31, 2021, along with a comparative balance sheet for the prior fiscal year, 2020:
The balance sheet is a snapshot of the financial position of an organization. It shows the assets, liabilities, and equity of the organization. Below is the balance sheet for KF as of December 31, 2021, along with a comparative balance sheet for the prior fiscal year, 2020.
Balance Sheet for KF as of December 31, 2021:
ASSETS
Cash: $25,000
Grants Receivable: $2,000
Inventory: $2,000
Pledges Receivable: $40,000
Property, Plant, and Equipment: $47,500
Less: Accumulated Depreciation: $5,000
Net Property, Plant, and Equipment: $42,500
Total Assets: $111,500

LIABILITIES AND EQUITY
Liabilities
Wages Payable: $5,000
Bank Loan Payable: $50,000
Total Liabilities: $55,000

Equity
Unrestricted Net Assets: $50,000
Total Equity: $56,500

Total Liabilities and Equity: $111,500
Comparative Balance Sheet for KF for the prior fiscal year, 2020:

ASSETS
Cash: $20,000
Grants Receivable: $2,000
Inventory: $2,000
Pledges Receivable: $30,000
Property, Plant, and Equipment: $25,000
Less: Accumulated Depreciation: $2,500
Net Property, Plant, and Equipment: $22,500
Total Assets: $76,500

LIABILITIES AND EQUITY
Liabilities
Wages Payable: $10,000
Total Liabilities: $10,000

Equity
Unrestricted Net Assets: $66,500
Total Equity: $66,500

Total Liabilities and Equity: $76,500

2. Activity Statement for KF for the fiscal year ending December 31, 2021:
An activity statement shows the change in net assets for a given period, including the sources of revenue and the expenses incurred. Below is the activity statement for KF for the fiscal year ending December 31, 2021.

Activity Statement for KF for the fiscal year ending December 31, 2021:

REVENUE
Contributions and Pledges: $62,500
Grants: $10,000
Total Revenue: $72,500

EXPENSES
Wages: $30,000
Supplies: $5,000
Depreciation: $2,500
Interest Expense: $1,400
Total Expenses: $39,900

Change in Net Assets: $32,600

3. Cash Flow Statement for KF for the fiscal year ending December 31, 2021:
A cash flow statement shows the inflows and outflows of cash and cash equivalents for a given period. Below is the cash flow statement for KF for the fiscal year ending December 31, 2021.

Cash Flow Statement for KF for the fiscal year ending December 31, 2021:

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from contributions and pledges: $50,000
Cash received from grants: $10,000
Cash paid for wages: ($30,000)
Cash paid for supplies: ($4,000)
Cash paid for interest: ($1,400)
Net cash provided by operating activities: $24,600

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of van: ($50,000)
Net cash used in investing activities: ($50,000)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loan: $50,000
Net cash provided by financing activities: $50,000

NET INCREASE IN CASH AND CASH EQUIVALENTS: $24,600

CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR: $25,000
CASH AND CASH EQUIVALENTS, END OF YEAR: $49,600

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Company C, which implemented a mobile device management (MDM) system for secure access to company resources on personal devices, appears to have the most effective approach to the challenges of BYOD.

In conclusion, the companies described in this case study employed different strategies to address the challenges of BYOD, with Company C's implementation of a mobile device management system standing out as the most effective approach for ensuring secure access to company resources on personal devices.

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To buy the dream car, the anticipated monthly car payment will be RM861.45.

Calculate the future value of savings in the money market fund.

Annual investment = RM5,000

Number of years = 3

Interest rate = 8% compounded annually

Using the future value formula: FV = P(1 + r)^n

FV = RM5,000 * (1 + 0.08)^3 = RM6,120

Determine the loan amount needed to reach the goal.

Dream car cost = RM50,000

Savings in the money market fund = RM6,120

Loan amount needed = RM50,000 - RM6,120 = RM43,880

Calculate the monthly car payment.

Loan term = 60 months

Interest rate = 6% per annum with monthly compounding

Using the loan repayment formula: PMT = (r * PV) / (1 - (1 + r)^-n)

Where PMT is the monthly payment, r is the monthly interest rate, PV is the loan amount, and n is the number of months.

Monthly interest rate = 6% / 12 = 0.005

PMT = (0.005 * RM43,880) / (1 - (1 + 0.005)^-60) ≈ RM861.45

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Cross value flexibility of interest (XED)(XED)left bracket, X, E, D, right bracket estimates the how an adjustment of the cost of one kindness influence the amount requested of another benefit.

In economics, the term "elasticity" refers to the degree of receptivity of one economic component to changes in another. For instance, the connection between alterations in supply or demand and alterations in price or alterations in demand and alterations in income.

The atomic lattice changes in size and shape when metals are subjected to forces—energy is added to the system. The cross section gets back to its underlying lower energy state after the utilization of powers. Polymer chains stretch when forces are applied, giving rubber and other polymers their elasticity.

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The statement A flexible budget is prepared before the master budget is False statement.

A flexible budget is not prepared before the master budget. In fact, the flexible budget is prepared after the master budget. The master budget is typically prepared at the beginning of the budgeting period and outlines the company's overall financial plan, including the projected sales, expenses, and profit targets. It sets the initial framework for the budgeting process.

Once the master budget is established, a flexible budget can be created to adjust the original budgeted amounts based on the actual level of activity or production achieved during the budget period. The flexible budget allows for flexibility in adjusting the budgeted figures to reflect the actual performance and helps in evaluating the company's performance against the original budget.

The correct statement is that a flexible budget is prepared after the master budget.

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An institutional breakdown in U.S. financial markets would tend to cause C) aggregate demand to decrease.

Institutional breakdown - Institutional breakdown happens when an economic or political institution is unable to fulfill its responsibilities and obligations. This term is utilized to describe a variety of circumstances in which the institution is seen to be malfunctioning. It could be an institution that is not able to carry out its assigned duties or duties or that has failed to develop in accordance with changing circumstances.

For example, a breakdown in an educational institution might refer to a lack of funding or staff that has resulted in lower-quality education and lower student achievement rates.Aggregate demand is the total amount of goods and services that customers are willing and able to purchase at a given price level, according to economics.

Changes in aggregate demand might have a major impact on the economy, resulting in inflation or recession. When aggregate demand decreases, it reduces the amount of goods and services that are produced.

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The forward rate offered by the bank is approximately 1.6162 MYR/AUD.

a) To calculate the THB/AUD cross-rate, we need to use the given USD/AUD and USD/THB rates. The bid and ask rates for USD/AUD are 1.3112 and 1.3132, respectively. The bid and ask rates for USD/THB are 4.2300 and 4.2350, respectively.

To find the THB/AUD cross-rate, we divide the bid rate of USD/THB by the ask rate of USD/AUD, and then divide the ask rate of USD/THB by the bid rate of USD/AUD.

Cross-rate = (USD/THB bid rate / USD/AUD ask rate) = (4.2300 / 1.3132) = 3.2208 (approximately)

Cross-rate = (USD/THB ask rate / USD/AUD bid rate) = (4.2350 / 1.3112) = 3.2332 (approximately)

Therefore, the THB/AUD cross-rate is approximately 3.2208 - 3.2332.

b) To calculate the forward rate offered by the bank, we need to consider the interest rate differentials between Malaysia and Australia. The Malaysian interest rate is 5.21% per annum, while the Australian interest rate is 3.78% per annum. The contract period is one month, which is equivalent to 30 days.

The formula to calculate the forward rate is:

Forward Rate = Spot Rate * (1 + Foreign Interest Rate) / (1 + Domestic Interest Rate)

Using the given bid rate for MYR/AUD of 1.6117, the forward rate can be calculated as follows:

Forward Rate = 1.6117 * (1 + 0.0521 * (30/360)) / (1 + 0.0378 * (30/360))

Forward Rate = 1.6117 * (1 + 0.004350) / (1 + 0.003150)

Forward Rate = 1.6117 * 1.004350 / 1.003150

Forward Rate = 1.6162 (approximately)

Therefore, the forward rate offered by the bank is approximately 1.6162 MYR/AUD.

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Highland Laboratories should account for its investment in Abraham, Inc. using the equity method due to its one-third ownership interest and the ability to exert significant influence over the company's operations.

Highland Laboratories should apply the equity method to account for its investment in Abraham, Inc. The equity method is appropriate when an investor has significant influence over the investee, which is the case here as Highland owns one-third of the common stock. Despite not having expertise in the bakery business, the ability to exert influence through ownership justifies the application of the equity method.

This method requires recognizing the investment on the balance sheet and recording a proportionate share of Abraham, Inc.'s profits or losses on Highland's income statement. It reflects the economic substance of the investment and provides relevant information to users of Highland's financial statements.

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Here is the classification of the industries, costing methods, and cost units:

(i) Advertising

Method: Job

Cost unit: Piece

(ii) Biscuit

Method: Process

Cost unit: Kilogram

(iii) Cycle

Method: Multiple

Cost unit: Each

(iv) Hospital

Method: Operating

Cost unit: Bed-week

(v) Road transport

Method: Contract

Cost unit: Tonne - kilometre

(vi) Cigarettes

Method: Output

Cost unit: Each

(vii) Car engine

Method: Job

Cost unit: Each contract

(viii) Coal

Method: Multiple

Cost unit: Tonne-kilogram

Please note that the cost units and methods of costing can vary depending on the specific context and practices of each industry.

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Complete question is given below :

Given below are three lists or industries, costing methods, and cost unit. Mention the method of costing and cost units applicable against each of the industries :-

Industry :

(i) Advertising, (ii) Building, (iii) Biscuit, (iv) Cycle, (v) Hospital, (vi) Road transport, (vii) Cigarettes, (viii) Car engine, (ix) Coal

Method :

A. Job, B. Process, C. Operating, D. Multiple, E. Contract, F. Output

Cost Units :

a) Piece, b) Kilogram, c) Ton, d) Tonne - kilometre, e) Bed-week, f) Each Job, g) Each contract

The discounted payback period is between Year 4 and Year 5. Therefore, the project's discounted payback period is approximately 4 years.

To determine whether the project should be implemented based on the net present value (NPV) and discounted payback criteria, we need to calculate the NPV and discounted payback period using the given cash flows and the current cost of funds of 12%.

a. Net Present Value (NPV) Calculation:

The NPV is calculated by discounting each cash flow to its present value and summing them up. If the NPV is positive, the project is considered financially viable.

Year 1: P65,000 / (1 + 0.12)^1 = P58,035.71

Year 2: P150,250 / (1 + 0.12)^2 = P117,903.61

Year 3: P275,750 / (1 + 0.12)^3 = P191,986.36

Year 4: P350,600 / (1 + 0.12)^4 = P219,162.95

Year 5: P245,600 / (1 + 0.12)^5 = P140,874.33

Year 6: P120,400 / (1 + 0.12)^6 = P59,409.55

NPV = Sum of present values of cash flows - Initial investment

= P58,035.71 + P117,903.61 + P191,986.36 + P219,162.95 + P140,874.33 + P59,409.55 - P840,000

= P827,372.51 - P840,000

= -P12,627.49 (negative)

Since the NPV is negative, the project does not meet the NPV criterion and would not be considered financially viable at a 12% cost of funds.

b. Discounted Payback Period:

The discounted payback period measures the time required for the discounted cash flows to recover the initial investment. We need to calculate the cumulative discounted cash flows until they cover the initial investment.

Year 1: P58,035.71 / P840,000 = 0.0691 (approximately)

Year 2: (P58,035.71 + P117,903.61) / P840,000 = 0.2264 (approximately)

Year 3: (P58,035.71 + P117,903.61 + P191,986.36) / P840,000 = 0.5365 (approximately)

Year 4: (P58,035.71 + P117,903.61 + P191,986.36 + P219,162.95) / P840,000 = 0.8338 (approximately)

Year 5: (P58,035.71 + P117,903.61 + P191,986.36 + P219,162.95 + P140,874.33) / P840,000 = 0.9983 (approximately)

Based on the NPV and discounted payback criteria, the project should not be implemented.

As it has a negative NPV and does not meet the discounted payback period requirement of 4 years.

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Balanced scorecard (BSC) is a tool that is used to measure and evaluate an organization’s performance against predetermined objectives, standards, and targets. A BSC usually has four perspectives that include the customer perspective, internal business process perspective, financial perspective, and learning and growth perspective.

Financial metrics are not the only metrics that are included in a balanced scorecard.

Hence, the answer is d. both nonfinancial and financial metrics. The non-financial metrics which could be incorporated into an organization's BSC can be measured in different ways such as customer satisfaction, employee satisfaction, production cycle, quality of the product, the number of customer complaints, and employee turnover.

On the other hand, financial metrics usually include sales revenue, profit, and return on investment (ROI).The balanced scorecard is a strategic performance management tool that organizations use to communicate their vision, mission, and strategy to their employees.

In conclusion, a company's balanced scorecard may include both nonfinancial and financial metrics. The four perspectives that comprise the balanced scorecard provide an all-encompassing view of the company's goals and objectives.

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The incremental cost to purchase the new machine will be approximately  $20,000. Option B is correct.

To calculate the incremental cost of purchasing the new machine, we need to consider the following factors;

Original cost; The old machine's original cost is $9,000, and the new machine's original cost is $20,000.

Accumulated depreciation; The old machine has accumulated depreciation of $5,000, while the new machine has no accumulated depreciation since it is brand new.

Annual cash operating costs; The old machine has annual cash operating costs of $9,000, whereas the new machine has lower annual cash operating costs of $4,000.

Current salvage value of the old machine; The old machine currently has a salvage value of $2,000.

Remaining life; Both machines have a remaining life of 10 years.

To calculate the incremental cost, we need to consider the difference between the cost of the new machine and the net proceeds from the sale of the old machine.

Net proceeds from the sale of the old machine = Current salvage value of old machine - Accumulated depreciation

Net proceeds = $2,000 - $5,000 = -$3,000

Since the net proceeds from the sale of the old machine are negative, it means that the old machine is not worth selling, and its salvage value is irrelevant in this decision.

Therefore, the incremental cost to purchase the new machine is simply the original cost of the new machine;

Incremental cost = Original cost of the new machine = $20,000

Therefore, the incremental cost to purchase the new machine is $20,000.

Hence, B is the correct option.

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