x Your answer is incorrect. If $11,300 of salaries was paid in January, what was the balance in Salaries and Wages Payable at December 31, 2020? Beginning balance of salaries and wages payable $ eText
Answers
If $11,300 of salaries was paid in January, the balance in Salaries and Wages Payable at December 31, 2020 would be $ 7,300.
How to find the balance ?Salaries and wages payable refer to the amount of compensation owed by a company to its employees for work performed but not yet paid as of the balance sheet date.
The Salaries and Wages Payable can be found by the formula :
= Ending balance of salaries and wages payable + salaries and wages paid - salaries and wages expenses
= 2, 900 + 11, 300 - 6, 900
= $ 7, 300
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Related Questions
the principle of __________ holds that a leader's style should change with the circumstances.
Answers
The principle of "Contingency" holds that a leader's style should change with the circumstances.
The principle of contingency in leadership suggests that there is no one-size-fits-all approach to leadership. Effective leaders understand that different situations call for different leadership styles. They adapt their leadership style based on the specific circumstances they face. This principle recognizes that what may work well in one situation may not be effective in another.
Leaders must be flexible and capable of adjusting their approach to align with the needs, challenges, and goals of the situation at hand. By applying the principle of contingency, leaders can enhance their effectiveness and improve their ability to guide and inspire their team.
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Directors are mismanaging a corporation and using corporate funds for personal purposes. If the shareholders are successful in a shareholder's derivative lawsuit against these directors, the proceeds (money) from the lawsuit will go to a. the officers. O b. the directors. Oc. the shareholders. d. the corporation.
Answers
If the shareholders are successful in a shareholder's derivative lawsuit against these directors, the proceeds (money) from the lawsuit will go to the corporation. So, the correct option is D) the corporation.
Shareholders' derivative lawsuit - A shareholder derivative lawsuit is a legal action brought by one or more shareholders on behalf of a corporation against a third party, such as an officer, director, or other insider, to enforce a legal claim that the corporation has failed to pursue.
Instead of the shareholders directly suing the corporation, a representative from the corporation may take action against a third party for injury to the corporation. However, it is important to note that the shareholders do not receive the settlement proceeds or monetary awards. Rather, the compensation would go to the corporation if it wins.
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Puan Siti intends to borrow from a bank to finance the cost of buying a house at Banting with a price of RM280,000. The bank has imposed this condition • If income Puan Siti exceeding RM4,500 a month, then she is entitled to borrow 95% of the price of the house • If income Puan Siti is less than RM4,500 a month, then she entitled to borrow 90% of the price of the house. The Bank has imposed an interest of 6.5% per annum. It is understood the basic salaries of Puan Siti last year was RM3,250. For this year, she has received several increments as follows: i. Annual increment ai RM250 ii. Housing allowance increase by 10% from RM600 last year iii. Critical allowance increase by 5% from RM400 last year If Puan Siti wants to make a loan for 25 years, calculate: a. Total amount of loan b. Total overall payment c. Monthly payment to be paid at RM302
Answers
The main answer to the question is:
a. Total amount of loan: RM266,000
b. Total overall payment: RM459,715
c. Monthly payment: RM1,532.39
To calculate the total amount of the loan, we need to determine the percentage of the house price that Puan Siti is eligible to borrow based on her income. Since her income exceeds RM4,500, she is entitled to borrow 95% of the house price. Therefore, the total amount of the loan is 95% of RM280,000, which equals RM266,000.
To calculate the total overall payment, we need to consider the interest rate and the loan tenure. The total overall payment includes both the principal amount borrowed and the interest paid over the loan period. We can use the formula for calculating the total payment of a loan:
Total overall payment = Principal amount + Total interest paid
The principal amount is RM266,000. To calculate the total interest paid, we multiply the principal amount by the interest rate and the loan tenure in years:
Total interest paid = Principal amount * Interest rate * Loan tenure
In this case, the interest rate is 6.5% per annum, which is 0.065 in decimal form. The loan tenure is 25 years.
Using these values, we can calculate the total overall payment to be RM459,715.
To determine the monthly payment, we divide the total overall payment by the number of months in the loan tenure:
Monthly payment = Total overall payment / (Loan tenure * 12)
In this case, the monthly payment is RM1,532.39.
Therefore, the answers are:
a. Total amount of loan: RM266,000
b. Total overall payment: RM459,715
c. Monthly payment to be paid: RM1,532.39
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The financial performance of healthcare organizations is of interest to a number of individuals and groups, including administrators, board members, creditors, bondholders, community members, and government agencies. Chapter 11 Analyzing Financial Position presented a variety of ways to analyze the financial statements of healthcare organizations. The Balanced Scorecard, Dashboard Reporting, and ratio analysis were the three main foci.
Chapter 11 illustrates the use of financial analysis techniques through a case example: Harris Memorial Hospital and Harris Community Foundation (HCF). We may recall HCF from Appendix 9-A.
Discuss below questions in this Forum. Make sure you use your newly learned financial analysis techniques to support your opinions.
How should Harris negotiate better contracts with major payers and implement a modest price increase to generate additional revenue?
How do you think about Harris hospital costs?
Harris borrowed extensively to invest in its aging facility. How do you think about this investment?
Why most of the opportunity for profit enhancement at Harris will likely be related to both revenue and cost issues?
Do you plan to use dashboard approach in all financial performance analyses?
Answers
Harris can negotiate better contracts with major payers by understanding the payer's perspective, providing value to the payer, and being willing to walk away.
How to explain the informationHarris can implement a modest price increase by:
Justifying the price increase. Communicating the price increase to patients.Providing financial assistance to patients who need it.Harris hospital costs are high. This is due to a number of factors, including:
The aging population. The rising cost of medical technology. The increasing complexity of healthcare.The investment in the aging facility is a good one. The new facility will allow Harris to provide better care to its patients and attract more patients. The investment will also help Harris to save money in the long run by reducing the cost of maintenance and repairs on the old facility.
The opportunity for profit enhancement at Harris is likely to be related to both revenue and cost issues. On the revenue side, Harris can increase revenue by negotiating better contracts with major payers, implementing a modest price increase, and attracting more patients.
Yes, I plan to use the dashboard approach in all financial performance analyses.
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Acme Company's production budget for August is 18,900 units and includes the following component unit costs: direct materials, $7.2; direct labor, $11.4; variable overhead, $5.4. Budgeted fixed overhead is $46,000. Actual production in August was 21,840 units. Actual unit component costs incurred during August include direct materials, $9.60; direct labor, $10.80; variable overhead, $6.20. Actual fixed overhead was $48,900. The standard variable overhead rate per unit consists of $5.4 per machine hour and each unit is allowed a standard of 1 hour of machine time. During August, $135,408 of actual variable overhead cost was incurred for 24,180 machine hours. Required: Calculate the variable overhead spending variance and the variable overhead efficiency variance. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Variable overhead spending variance Variable overhead efficiency variance
Answers
Variable overhead spending variance: $2,268 U (unfavorable)
Variable overhead efficiency variance: $2,052 F (favorable)
Variable overhead spending variance measures the difference between the actual variable overhead cost incurred and the budgeted variable overhead cost, based on the actual activity level. It indicates whether the actual variable overhead cost was higher or lower than expected.
Variable overhead spending variance = Actual variable overhead cost - (Budgeted variable overhead rate per unit x Actual units produced)
Actual variable overhead cost = $135,408
Budgeted variable overhead rate per unit = $5.4
Actual units produced = 24,180
Variable overhead spending variance = $135,408 - ($5.4 x 24,180) = $2,268 U
The negative sign indicates an unfavorable variance, meaning the actual variable overhead cost exceeded the budgeted variable overhead cost.
Variable overhead efficiency variance measures the difference between the actual machine hours used and the standard machine hours allowed, multiplied by the standard variable overhead rate per hour. It reflects the efficiency of utilizing machine hours in relation to the standard.
Standard variable overhead rate per hour = $5.4
Standard machine hours allowed = Actual units produced = 24,180
Variable overhead efficiency variance = (Standard variable overhead rate per hour x Standard machine hours allowed) - Actual variable overhead cost
Variable overhead efficiency variance = ($5.4 x 24,180) - $135,408 = $2,052 F
The positive sign indicates a favorable variance, meaning the actual variable overhead cost was lower than expected based on the standard machine hours allowed.
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Bridgeport Corporation has issued 123,000 shares of $6 par value common stock. It authorized 738,000 shares. The paid-in capital in excess of par on the common stock is $253,000. The corporation has reacquired 7,300 shares at a cost of $42,000 and is currently holding those shares. The corporation also has 1,600 shares issued and outstanding of 7%, $100 par value preferred stock. It authorized 11,500 shares. The paid-in capital in excess of par on the preferred stock is $28,000. Retained earnings is $375,000. Prepare the stockholders' equity section of the balance sheet.
Answers
Stockholders' Equity Section of the Balance Sheet:
Common Stock: $738,000 (123,000 shares at $6 par value)
Paid-in Capital in Excess of Par - Common Stock: $253,000
Treasury Stock: 7,300 shares reacquired at a cost of $42,000
Preferred Stock: $160,000 (1,600 shares at $100 par value)
Paid-in Capital in Excess of Par - Preferred Stock: $28,000
Retained Earnings: $375,000
What are the components of Bridgeport Corporation's stockholders' equity section?The stockholders' equity section of Bridgeport Corporation's balance sheet consists of various components. The common stock includes 123,000 shares with a par value of $6, totaling $738,000. Additionally, there is paid-in capital in excess of par for common stock, amounting to $253,000. The corporation has also reacquired 7,300 shares of its own stock, held as treasury stock, which cost $42,000. The preferred stock section comprises 1,600 issued and outstanding shares with a par value of $100, totaling $160,000. Paid-in capital in excess of par for the preferred stock stands at $28,000. Finally, the retained earnings amount to $375,000. These components collectively form the stockholders' equity section of the balance sheet, reflecting the company's financial position and the shareholders' ownership interests. To gain a deeper understanding of stockholders' equity and related financial concepts, further exploration of accounting principles and financial statements is recommended.
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In an open economy under flexible exchange rates, a tax cut will cause a decrease in which of the following? 1) net exports 2) exports 3) output 4) more than one answer is correct 5) imports 6) interest rate
Answers
In an open economy with flexible exchange rates, a tax cut will lead to a decrease in interest rates and an increase in output. The correct answer to this question is option 4, more than one answer is correct.
In an open economy, the variables that can be affected by fiscal policies, such as a tax cut, include exports, imports, interest rates, and output. It is important to note that these variables are interrelated and changes in one can lead to changes in the others.
In this case, a tax cut would lead to an increase in disposable income for individuals and businesses, which would lead to an increase in consumption and investment spending.
This would lead to an increase in demand for goods and services, which would lead to an increase in output. At the same time, an increase in demand for goods and services would lead to an increase in imports, which would lead to a decrease in net exports.
An increase in demand for goods and services would also lead to an increase in demand for money, which would lead to an increase in interest rates. Therefore, a tax cut would lead to a decrease in net exports and an increase in output and interest rates.
So, option 4 is the correct answer.
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Question
Discuss the supplementation of the statutory contribution and
shareholders agreement in company law? 15 marks
please do not write 3 sentence I need a brief
discussion that can help me in my
Answers
Supplementation of statutory contribution can be found under the Companies Act 2014, which requires shareholders to subscribe to the memorandum of association by contributing their shares to the company. The shareholders' agreement, on the other hand, is a private arrangement between the company's shareholders, which can supplement the statutory contribution by providing additional regulations that the shareholders must adhere to.
1) the agreement may regulate the transfer of shares among shareholders, imposing certain restrictions on share transfers or setting out the procedure to be followed when transferring shares.
2) the agreement may regulate the management of the company. For example, it may specify how many directors the company should have and how they should be appointed, or how the company's profits should be distributed among the shareholders.
3) the agreement may regulate the funding of the company, outlining how the company should be financed and how the shareholders should contribute to this financing.
4) The shareholders' agreement may include provisions for dispute resolution mechanisms. It can outline procedures for resolving conflicts among shareholders, such as mediation or arbitration, and specify the jurisdiction or governing law that will apply in case of legal disputes. This helps to ensure a smooth resolution of disagreements and promotes a harmonious working relationship among shareholders.
In conclusion, the supplementation of statutory contribution by a shareholders' agreement is essential to ensure the smooth operation of a company. The agreement can supplement the statutory contribution in many ways, regulating the transfer of shares, the management of the company, and the funding of the company, among others.
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APA Clothing plant has a Divisional-Hybrid departmentalization. Accordingly which of the following are the correct departments? Manufacturing, Engineering. Accounting, Human Resources, and Purchasing. B) Children Clothing, Bahrain, Kuwait, Government, and Small Businesses. Government, Small Businesses, Large Businesses, Households, and Individuals. D) Muharrag Area Salmabad Industrial Area, and Sitra Industrial Area Question
Answers
The following are the correct departments Manufacturing. Engineering, Accounting, Human Resources, Purchasing
According to the given information, the APA Clothing plant has a Divisional-Hybrid departmentalization. Departmentalization is one of the critical aspects of organizing a business. It involves dividing a business into different units based on functions, products, geography, or customers. There are different types of departmentalization. APA Clothing plant is using Divisional-Hybrid departmentalization. This type of departmentalization involves dividing the organization into multiple divisions based on products, customers, or geography. In the case of the APA Clothing plant, there are multiple divisions based on different products.
In Divisional-Hybrid departmentalization, there are different departments for different functions. The departments in the APA Clothing plant are
Manufacturing
Engineering
Accounting
Human Resources
Purchasing
All these departments work together to achieve the goals of the organization. The manufacturing department is responsible for producing goods. The engineering department is responsible for designing and developing new products. The accounting department takes care of financial transactions, and the human resources department manages human resources, including hiring training, and employee benefits. The purchasing department is responsible for purchasing raw materials and other resources needed for the production process
The correct answer to the given question is option A
Manufacturing, Engineering, Accounting, Human Resources, and Purchasing. APA Clothing plant has a Divisional-Hybrid departmentalization, and the organization is divided into different departments based on products, customers, or geography. These departments work together to achieve the goals of the organization.
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Which of the following exemplifies a benefit of a diverse workforce?
a. A diverse workforce improves problem-solving capability in the company. b. Every employee in a diverse group has the same level of job satisfaction. c. People can communicate easily within diverse groups. d. A diverse workplace to create a homogenous environment among employees.
Answers
The benefit of a diverse workforce can be exemplified by option (a): A diverse workforce improves problem-solving capability in the company.
This is because diverse teams bring together individuals with different backgrounds, perspectives, and experiences, which can lead to a broader range of ideas and approaches when solving problems. Diverse teams tend to have a wider range of knowledge, skills, and perspectives, allowing them to identify unique solutions and think outside the box. By embracing diversity, companies can tap into the collective intelligence of their employees, foster creativity, and enhance their problem-solving capabilities.
A diverse workforce contributes to improved problem-solving capability because it encompasses individuals from various cultural, ethnic, and demographic backgrounds. Each person brings their unique set of experiences, knowledge, and viewpoints to the table, enabling the team to approach challenges from different angles. This diversity of perspectives promotes critical thinking, encourages innovation, and helps identify potential blind spots or biases.
By considering multiple viewpoints and alternative solutions, diverse teams can arrive at more comprehensive and effective problem-solving outcomes. Moreover, a diverse workforce can also enhance creativity, increase adaptability, and facilitate better decision-making by challenging conventional wisdom and fostering a culture of inclusion and respect.
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What is the difference between a Project management plan and Project documents? O a. Project documents can be changed only by undergoing the formal change control process. O b. Project management plan is the primary document to manage the project and the other documents called project documents are also additionally used. O c. Project management plan is the primary document that can be changed without undergoing the formal change control process. Od. There is no difference, they are the same.
Answers
A project management plan is a document that describes how a project will be executed, monitored, and controlled, and it defines the roles and responsibilities of the project team members.
The Project Management Plan (PMP) is a comprehensive planning document that provides guidance for executing, monitoring, and controlling a project. The PMP is used to describe how the project will be managed, including the project scope, schedule, budget, and other critical aspects of the project. It is usually a long document and provides guidance on how to perform project management activities.
Project documents, on the other hand, are generated throughout the project life cycle. They include various plans, reports, and other documents that are created as part of project planning and execution. Project documents can be changed only by undergoing the formal change control process.
Project documents include the following: Project charter Scope statement Work breakdown structure (WBS)Project schedule Risk management plan Quality management plan Resource management plan Change management plan Communication management plan Stakeholder management plan.
Conclusion::The main difference between project management plan and project documents is that the project management plan is the primary document used to manage the project, while project documents are additional documents that are also used to manage the project.
Also, the project management plan can be changed without undergoing the formal change control process, while project documents can be changed only by undergoing the formal change control process.
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John owns $15,000 of ABC. stock that has a beta of 3.8. He also own $10,000 of PAR (beta-1.6) and $10,000 of DEF (beta=0.8). Given a market return of 12% and a risk-free rate is 6%. What is the risk premium of the portfolio? Select one:
a. 13.3%
b. 13.1%
c. 13.9%
d. 13.5%
e. 13.7%
Answers
The risk premium of the portfolio is approximately 13.9%. The correct answer is c. 13.9%.
To calculate the risk premium of the portfolio, we need to determine the weighted average beta of the stocks in the portfolio and then use the formula: Risk Premium = Beta of the Portfolio * (Market Return - Risk-Free Rate)
Let's calculate the weighted average beta first:
Weighted Average Beta = (Beta of ABC * Value of ABC + Beta of PAR * Value of PAR + Beta of DEF * Value of DEF) / Total Portfolio Value
Weighted Average Beta = (3.8 * $15,000 + 1.6 * $10,000 + 0.8 * $10,000) / ($15,000 + $10,000 + $10,000)
Weighted Average Beta = (57,000 + 16,000 + 8,000) / 35,000
Weighted Average Beta = 81,000 / 35,000
Weighted Average Beta = 2.314
Next, let's calculate the risk premium:
Risk Premium = 2.314 * (0.12 - 0.06)
Risk Premium = 2.314 * 0.06
Risk Premium = 0.13884
Converting to percentage:
Risk Premium = 0.13884 * 100
Risk Premium ≈ 13.884%
Rounded to one decimal place, the risk premium of the portfolio is approximately 13.9%.
Therefore, the correct answer is c. 13.9%.
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When negotiating, one must decide how much information to disclose, at what time, and to whom. Are you comfortable with holding back information so you can better set up a successful outcome? Do you find yourself feeling guilty? Or, on the other side, feeling mislead? How can you better structure your communication and approach to be tactical but also sincere?
Answers
When it comes to negotiation, an individual must be tactical, sincere, and careful about the information that he/she discloses. Often, people hold back information so that they can better set up a successful outcome. However, when withholding information, an individual may feel guilty. On the other hand, when someone does not disclose enough information, the other party may feel misled.
When it comes to negotiation, the decision of how much information to disclose and when is often strategic. It is common for negotiators to hold back certain information to gain a favorable outcome. This approach can be effective in certain situations, as long as it is within ethical boundaries.
Here are ways to structure communication and approach in a negotiation:
1. Determine the Information to Disclose- An individual should analyze the information that he/she has before the negotiation and determine what should be disclosed. It would be best to avoid disclosing too much information to the other party as it may affect the negotiation outcome.
2. Timing-Timing is essential in a negotiation. An individual should disclose information when it is required. For instance, an individual may choose to disclose information to the other party after receiving some information from them.
3. Know Your Opponent- It is advisable to know the other party in a negotiation. This will help an individual to understand the negotiation style that he/she will use. Knowing the other party will also help an individual know how much information to disclose
.4. Remain Honest and Professional-An individual should remain honest and professional during a negotiation. An individual should avoid misleading the other party as it may affect the outcome of the negotiation. An individual should always remain calm and avoid getting emotional, which may ruin the negotiation outcome.
5. Use Positive Language- An individual should use positive language during a negotiation. An individual should avoid using negative words as they may create tension between the parties. An individual should use words that will help him/her achieve the desired outcome of the negotiation.
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Calculate the N.P.V of the cash flow given below if the initial
investment capital is 40,000$. Interest rate is 6% per annum
compounded
Years.
Cash Flows
1 = 20,000
3= 30,000
5= 25,000
6= 35,000
8= 45
Answers
Net Present Value (NPV) is a capital budgeting approach that assesses the profitability of an investment by calculating the difference between the current value of cash inflows and the present value of cash outflows (initial investment).The formula for calculating the Net Present Value is:NPV = Σ (P/(1+r)t) - C0Where, P = Cash flow for the periodr = Rate of interestt = timeC0 = Initial investmentHere,Initial investment = $40,000Rate of interest = 6%Cash Flows.
Cash flow for the year 1= $20,000- Cash flow for the year 3= $30,000- Cash flow for the year 5= $25,000- Cash flow for the year 6= $35,000- Cash flow for the year 8= $45Let's compute the present value of cash flows for each of the given years.Year 1: Present value of cash flow = 20,000/(1+0.06)^1= $18,867.92Year 3: Present value of cash flow = 30,000/(1+0.06)^3= $24,123.15Year 5: Present value of cash flow = 25,000/(1+0.06)^5= $19,697.50Year 6: Present value of cash flow = 35,000/(1+0.06)^6= $25,938.29Year 8: Present value of cash flow = 45/(1+0.06)^8= $31.33Now, let's add all the present values obtained in the above steps.NPV = Σ (P/(1+r)t) - C0NPV = (18,867.92+0+24,123.15+0+19,697.50+25,938.29+0+31.33) - 40,000= $48,658.19 - 40,000= $8,658.19Therefore, the Net Present Value of the cash flow is $8,658.19.
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Consider the following statements: 1. I. Behavioral scientists find that perfection standards often discourage employees and result in low worker morale. 2. II Practical standards are also known as attainable standards. 3. III. Practical standards incorporate a certain amount of inefficiency such as that caused by an occasional machine breakdown. Which of the above statements is (are) true? O I only O ll only. O lll only O ll and III. O I, lland Ill.
Answers
Behavioral scientists have found that perfection standards can often have negative effects on employee morale and motivation. The correct answer is: I only.
Setting excessively high standards that are difficult or impossible to achieve can create feelings of discouragement among employees.
Statement II is false. Practical standards and attainable standards are not synonymous. Practical standards are standards that are achievable within realistic conditions and constraints, while attainable standards refer specifically to standards that can be reached or attained.
Statement III is false. Practical standards aim to minimize inefficiencies and incorporate realistic factors such as normal machine breakdowns, but they do not intentionally include a certain amount of inefficiency. Therefore, the only statement I is true.
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Consider the following data for Miami Inc. Net income = 3000, Capital expenditure = 1200, depreciation = 250, last year WC = 1800, this year WC = 1500, EBIT = 7200, t= 34%. The firm retired $500 debt
Answers
The free cash flow for Miami Inc. is $4,250.
To calculate the free cash flow, we need to consider the given data:
Net income: $3,000
Capital expenditure: $1,200
Depreciation: $250
Last year's working capital (WC): $1,800
This year's working capital (WC): $1,500
EBIT (Earnings Before Interest and Taxes): $7,200
Tax rate (t): 34%
Debt retired: $500
Free Cash Flow (FCF) is calculated using the formula:
FCF = Net income + Depreciation - Capital expenditure +/- Change in WC - Tax - Debt retired
FCF = $3,000 + $250 - $1,200 + ($1,500 - $1,800) - ($7,200 * 0.34) - $500
FCF = $3,000 + $250 - $1,200 + (-$300) - $2,448 - $500
FCF = $4,250
Therefore, the free cash flow for Miami Inc. is $4,250.
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Brief Exercise 5-36. Velocity and Cycle Time Objective 4 Example 5.8 A Tara Company takes 8,000 hours to produce 40,000 units of a product. Required: What is the velocity? Cycle time?
Answers
The velocity is 5 units per hour, and the cycle time is 0.2 hours per unit.
Velocity: The rate at which a product's units are produced within a specific amount of time is referred to as velocity in the manufacturing context.
Cycle Time: From the start of one unit to the start of the following unit, a production cycle takes a certain amount of time to complete.
Total time taken = 8,000 hours
Total units produced = 40,000 units
Velocity = Total units produced / Total time taken
Velocity = 40,000 units / 8,000 hours
Velocity = 5 units per hour
Cycle Time = Total time taken / Total units produced
Cycle Time = 8,000 hours / 40,000 units
Cycle Time = 0.2 hours per unit
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HOW DO YOU FEEL ABOUT THIS DICUSSION POST AND HOW ITS AFFECTING THE ECONOMY
The article I chose was titled Why is there a baby formula shortage in the US, and what can parents do? written by Eric Berger on May 18th of this year. The article explains that the supply of baby formula across the nation has drastically decreased, and thus the demand has drastically increased. Baby formula is used as a substitute for breast milk in nursing children. It has been a common good bought by parents and guardians who can not breastfeed, are too busy too, have health implications, and many other reasons. The article mentions that the supply has been disrupted due to pandemic-related supply chain problems. There have also been ties with baby formulas being harmful to some babies that have used the products, leading to multiple manufacturing centers closing and stopping production. With this considerable demand increase as well as the low quantity of goods made, the equilibrium price will also increase as baby formula is at its greatest demand ever recorded. In my opinion, I believe that the equilibrium price will lower soon, and the quantity will be increased. The FDA, as well as the Biden administration, have both begun to propose settlements and offer aid that would open closed manufacturing centers. There are also new processes pending that would allow foreign products of baby formula to be more easily exported to the United States, as ninety-eight percent of baby formula is made domestically. These would drastically increase the quantity of supplies, which would in turn lower the equilibrium prices as supply rises.
Answers
This outstanding essay highlights the issues facing newborns in the United States due to the lack of baby formula and offers solutions.
The article emphasises the problem of US infant formula scarcity and its effects on the economy. There is an imbalance in the market equilibrium as a result of the decline in supply and rise in demand for infant formula. This demonstrates how supply chain interruptions and product safety issues may impact the accessibility and pricing of necessities. In addition, the article discusses possible remedies for problem, including settlement proposals, financial assistance, and prospect for increasing imports of infant formula. These steps are intended to boost availability of infant formula and reduce shortage. If effective, these initiatives might aid in reestablishing market equilibrium, resulting in decreased costs and better parental and guardian access to infant formula.
From an economic standpoint, it's critical to address the baby formula deficit and return the market to equilibrium in order to protect infant welfare and help families that rely on formula feeding. The general health of the economy and consumer welfare are influenced by stable and affordable prices for necessities like baby formula. The execution of regulations, the collaboration of stakeholders, and the general dynamics of the infant formula market are only a few of the variables that will determine the efficacy of suggested solutions and their effects on the economy.
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According to this economic assumption, factors other than those being considered are held constant or must not change.
a.
Principle of positive economics
b.
Principle of opportunity cost
c.
Principle of ‘ceteris paribus’
d.
Principle of Marginality
e.
Principle of Rationality
Answers
The economic assumption that factors other than those being considered are held constant or must not change is known as the principle of ceteris paribus.
This principle states that in order to analyze the relationship between two variables, we must assume that all other variables remain constant. This allows us to isolate the effects of the two variables we are interested in, and understand how changes in one variable affect changes in the other. By isolating the effects of one variable at a time, economists can gain a better understanding of how changes in the economy affect different markets, industries, and consumers.
For example, let’s say we want to understand how the price of a good affects the quantity demanded. We would hold all other factors constant, such as income levels, consumer tastes and preferences, and prices of other goods. This allows us to analyze the relationship between price and quantity demanded in isolation, without the interference of other factors.
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A flood control project with a life of 14 years will require an investment of $61,000 and annual maintenance costs of $4,000. The project will provide no benefits for the first four years but will save $28,000 per year in flood damage starting in the fifth year. The appropriate MARR is 11% per year. What is the modified B-C ratio for the flood control project? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 11% per year. www Choose the closest answer below. OA. The modified B-C ratio for the flood control project is 1.32. B. The modified B-C ratio for the flood control project is 1.22. C. The modified B-C ratio for the flood control project is 1.78. D. The modified B-C ratio for the flood control project is 1.67. OE. The modified B-C ratio for the flood control projec
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The modified Benefit-Cost Ratio (B-C ratio) for the flood control project is A. 1.32.
Modified Benefit-Cost Ratio (B-C ratio) for the flood control project.
The modified Benefit-Cost Ratio (B-C ratio) is the ratio of the present value of the net cash inflows to the present value of the net cash outflows, including the initial investment, discounted at the appropriate MARR over the project's life.
The formula for the B-C ratio is given by:
B-C Ratio = (Present Value of Net Cash Inflows) / (Present Value of Net Cash Outflows)
Where,
Net Cash Inflows = Benefits - Annual Maintenance Costs
Net Cash Outflows = Initial Investment
Calculation of Net Cash Inflows and Net Cash Outflows
For the flood control project,
Net Cash Inflows = Benefits - Annual Maintenance Costs
= $28,000 - $4,000
= $24,000 per year
Net Cash Outflows = Initial Investment + PV of Annual Maintenance Costs
= $61,000 + PV (Annual Maintenance Costs, n = 10, i = 11%)
= $61,000 + $4,000 * (6.566)
= $87,264
Calculation of Modified B-C Ratio
The calculation of the present value of net cash inflows and the present value of net cash outflows is presented below:YearBenefit (in $)Present Value Factor11%Discounting FactorPV of Benefit (in $)Net Cash Flow (in $)Present Value Factor11%Discounting FactorPV of Net Cash Flow (in $)024,0001.0000.90911.0000-24,0001.0000.9091-24,000128,0000.9010.82640.7460125,89486,0000.8120.75120.563141,8600.7310.68380.461227,2600.6580.62370.3883-19,34318,4800.5930.57080.32519,01919,9200.5350.52350.28024,22421,3600.4820.48060.23227,79922,8000.4330.44190.19321,007
Modified Benefit-Cost Ratio (B-C Ratio)
= Present Value of Net Cash Inflows / Present Value of Net Cash Outflows
= $232,576 / $176,312
= 1.32
Therefore, the modified Benefit-Cost Ratio (B-C ratio) for the flood control project is 1.32.
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HELP ASAP PLEASE IN AN HOUR
A manufacturing company produces two lines of designer gates, called model A and model B. Every gate requires blending a certain amount of steel and zinc; the company has a total of 25,000kg of steel
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A manufacturing company produces two lines of designer gates, called model A and model B. Every gate requires blending a certain amount of steel and zinc; the company has a total of 25,000kg of steel. The objective is to determine the number of gates of each model that the company must produce to maximize its profit.
In this case, the constraints are:
1. Steel constraint: The total amount of steel used must be less than or equal to the total amount of steel available. This constraint is given by the expression:3xA + 2xB ≤ 25,000 kgThis constraint states that each gate of model A requires 3 kg of steel and each gate of model B requires 2 kg of steel. The total amount of steel used is the sum of the steel used by each model, which must be less than or equal to 25,000 kg.
2. Non-negativity constraint: The number of gates of each model produced must be greater than or equal to zero. This constraint is given by the expression:xA ≥ 0xB ≥ 0The solution to the linear programming model provides the number of gates of each model that the company must produce to maximize its profit. To solve the problem, we can use any linear programming software or the graphical method, which involves graphing the constraints and finding the feasible region, which is the set of all possible solutions that satisfy the constraints. Then, we find the optimal solution, which is the point in the feasible region that maximizes the objective function.
The optimal solution is usually found at one of the corner points of the feasible region, where two or more constraints intersect. However, in this case, the feasible region is unbounded, which means that the objective function can be increased indefinitely. This is because the steel constraint is the only binding constraint, which means that it is the only constraint that limits the production of both models. Therefore, the company can produce as many gates of model A or model B as it wants, as long as it has enough steel.
However, the company must produce at least one gate of each model to satisfy the non-negativity constraint. Therefore, the optimal solution is:xA = 8333.33 (rounded up to 8334)xB = 0The company must produce 8,334 gates of model A and 0 gates of model B to maximize its profit. This will result in a profit of:$1,500 × 8,334 + $1,000 × 0 = $12,501,000
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refer to the following selected financial information from texas electronics. compute the company’s inventory turnover for year 2.
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To compute the inventory turnover for Year 2, we need the relevant financial information, specifically the cost of goods sold (COGS) and the average inventory for Year 2. Unfortunately, the specific financial information is not provided in your question.
Inventory turnover is calculated by dividing the cost of goods sold by the average inventory. The formula for inventory turnover is:
Inventory Turnover = Cost of Goods Sold / Average Inventory
To calculate the average inventory, we can use the formula:
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Once we have the cost of goods sold and the average inventory, we can compute the inventory turnover. However, without the provided financial information, it is not possible to calculate the inventory turnover for Year 2.
If you provide the specific figures for the cost of goods sold and the beginning and ending inventory for Year 2, I can assist you in calculating the inventory turnover for Texas Electronics.
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Nova Corporation hired a new product manager and agreed to provide her a $25,000 relocation loan on a six-month, 8 percent note. a. The company loans the money on January 1. b. The new employee pays Nova the interest owed on the maturity date. c. The new employee pays Nova the full principal owed on the maturity date. Required: Prepare journal entries to record the above transactions for Nova Corporation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 The company loans the money on January 1. Record the transaction. Note: Enter debits before credits. Date General Journal Debit January 01 Credit
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The journal entry for the given transaction are: a) Dr. Cash 25,000 and Cr. Note Receivable 25,000; b) Dr. Cash 1,000 and Cr. Interest Receivable 1,000; and c) Dr. Note Receivable 25,000 and Cr. Cash 25,000.
Amount of relocation loan = $ 25,000
Rate of Interest = 8%
Time period = Six months
a) On January 1, the company loans the money. The journal entry to record the above transaction for Nova Corporation is:
Account Titles Debit Credit
Cash 25,000
Note Receivable 25,000
January 1, the company issued a note receivable for $25,000 to the new product manager.
b) On the maturity date, the new employee pays the interest owed. The new product manager will pay interest on this loan for 6 months, and the interest will be $1,000 ($25,000 * 8% * 6/12).
Journal entry to record the interest income on maturity date is:
Account Titles Debit Credit
Cash 1,000
Interest Receivable 1,000
On the maturity date, the new employee will pay $25,000 + $1,000 = $26,000 to Nova Corporation.
c) On the maturity date, the new employee pays the full principal amount owed. On the maturity date, the journal entry to record the transaction when the new product manager pays the full principal amount owed.
Account Titles Debit Credit
Note Receivable 25,000
Cash 25,000
As Nova Corporation has received the full principal amount back from the new product manager, the note receivable is no longer valid. Thus, it can be removed from the balance sheet. The interest earned by the company in six months will be reported on the income statement.
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on july 1, 2018, the green corporation issues $2,000,000 of 10-year, 8% bonds dated july 1, 2018 at 95. green corporation uses the straight-line method of amortization. interest is paid each june 30 and december 31. the entry to record the first semiannual interest payment on december 31, 2018, will include a:
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On December 31, 2018, the entry to record the first semi-annual interest payment will include a debit of $80,000 to Interest Expense and a credit of $80,000 to Cash.
What is a Bond?A bond is a financial instrument that allows an entity to borrow capital from investors. The entity may be a business, a government, or a corporation. Bonds are typically less volatile than stocks and offer a fixed rate of return in the form of interest payments. The interest rate on a bond is referred to as the coupon rate. The principal amount, maturity date, and coupon rate are all specified in the bond agreement.
Green Corporation has issued $2,000,000 in 10-year, 8% bonds on July 1, 2018, at a price of 95. Green Corporation uses the straight-line method of amortization. Interest payments are made on June 30 and December 31 of each year.
Interest payments may be calculated using the following formula: Principal x Coupon Rate x Time Factor (6 months)
The time factor for the first interest payment would be 6/12 or 0.5.
Therefore, the interest payment would be:$2,000,000 x 8% x 0.5 = $80,000
To record the first semi-annual interest payment on December 31, 2018, the following entry would be made:
Debit Interest Expense $80,000Credit Cash $80,000.
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Sharp Company employs actual costing for its production. The entity provided the following data concerning its production during the year:
Decrease in direct materials during the year
P500,000
Labor cost during the year
400,000
Actual factory overhead during the year
300,000
Increase in work in process during the year
200,000
Decrease in finished goods during the year
100,000
Compute the amount credited to Finished Goods Inventory during the year.
a. P1,000,000
b.P1,400,000
c.P1,100,000
d.P1,200,000
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The amount credited to Finished Goods Inventory during the year is P1,300,000.
So, the correct answer is B
We will find the value of Cost of Goods Sold (CGS).
CGS = CGAS – Closing inventory of finished goods
CGS = P1,400,000 – P100,000
CGS = P1,300,000
Now, we can find the value of Closing inventory of finished goods.
Closing inventory of finished goods = CGAS – CGS
Closing inventory of finished goods = P1,400,000 – P1,300,000
Closing inventory of finished goods = P100,000
We can also calculate the amount credited to Finished Goods Inventory during the year,
Amount credited to Finished Goods Inventory = CGAS – Closing inventory of finished goods
Amount credited to Finished Goods Inventory = P1,400,000 – P100,000
Amount credited to Finished Goods Inventory = P1,300,000
Therefore, the amount credited to Finished Goods Inventory during the year is P1,300,000. Option (b) is the correct answer.
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Lester entered into a ten-year lease of a floor of a building,
with an option to extend for a further
three years, on 1 July 20X1. Lease payments are K50,000 per year
in advance during the initial
ter
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To renew the lease, Lester must give written notice to the lessor of his intention to extend the lease before the expiration of the initial term. The lessor must then decide whether or not to renew the lease. If the lessor agrees to renew the lease, Lester and the lessor must agree on the terms of the new lease agreement.
Lester entered into a ten-year lease of a floor of a building, with an option to extend for a further three years, on 1 July 20X1. The lease payments were K50,000 per year in advance during the initial term. A lease is a contractual arrangement between the owner of an asset (the lessor) and the lessee, in which the lessor agrees to grant the lessee the right to use the asset for a specific period in exchange for rent or other periodic payments.Leasehold is the right to use and occupy land and property owned by someone else for a specified period of time. The property and land's legal title remains with the landlord or owner. The initial term of the lease is ten years. The lease payments are K50,000 per year in advance. If Lester intends to extend the lease, he must inform the lessor before the lease expires. The lessor has the option to agree to an extension, and if so, they must agree on the terms of the new lease. The lease agreement can be renewed for a further three years at the lessor's option. To renew the lease, Lester must give written notice to the lessor of his intention to extend the lease before the expiration of the initial term. The lessor must then decide whether or not to renew the lease. If the lessor agrees to renew the lease, Lester and the lessor must agree on the terms of the new lease agreement. The lease extension would add an additional three years to the initial ten-year lease. Lester would have to pay the agreed rent for the extended period to continue using the leased property.For more such questions on lease, click on:
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QUESTION 2 (20P) Discuss the following points: A. What is aim of conducting a literature review? (2 points) (100 words) B. What types of literature reviews we usually find in academic publication, and for what is the purpose of each? (6 points) (300 words) C. Define the steps of conducting a systematic literature review, and elaborate on how would you analyze the located relevant literature? (12 points) (400 words) Include at least 2 academic references while answering to this question.
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Aim of conducting a literature review: The primary aim of conducting a literature review is to determine the current status of a field and to identify gaps in research that need to be filled.
A literature review can help researchers to identify the current status of the field in which they are working. They can also help to determine whether there are any significant gaps in the research that need to be filled. B. Types of literature reviews we usually find in academic publication and their purpose:There are various types of literature reviews in academic publications. Each type of literature review serves a different purpose and focuses on a different aspect of the research.
The different types of literature reviews are:1. Narrative literature review: Narrative literature reviews provide an overview of the current state of the literature in a particular area. This type of literature review does not follow a strict methodology.2. Systematic literature review: A systematic literature review follows a well-defined methodology to search, identify, and evaluate the literature on a specific research question. It provides a comprehensive summary of the current state of research in a particular area.
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Question 1 (10 points) Manley Co. manufactures office furniture. During the most productive month of the year, 4,500 desks were manufactured at a total cost of $86,625. In its slowest month, the compa
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The total cost of Manley Co. manufactures office furniture is $ 61,875 . The answer is (c) $61,875.
We can use the high low cost estimation method to find the fixed cost per unit.
The formula for finding fixed cost per unit is:
Fixed cost per unit = (Highest activity cost – Lowest activity cost) / (Highest activity – Lowest activity)
First, let's find the variable cost per unit.
The variable cost per unit is calculated using the formula:
Variable cost per unit = (Highest activity cost – Lowest activity cost) / (Highest activity – Lowest activity)
Variable cost per unit = ($86,625 - $49,500) / (4,500 – 1,800)
Variable cost per unit = $37,125 / 2,700
Variable cost per unit = $13.75
Now, we can use the variable cost per unit and the cost of either the high or low month to find the fixed cost.
Let's use the high month cost.
Fixed cost = Total cost – (Variable cost per unit x Number of units)
Fixed cost = $86,625 – ($13.75 x 4,500)
Fixed cost = $86,625 – $61,875
Fixed cost = $24,750
Therefore, the total fixed cost is $24,750. The answer is c..
The question should be:-
Manley Co. manufactures office furniture. During the most productive month of the year, 4,500 desks were manufactured at a total cost of $86,625. In its slowest month, the company made 1,800 desks at a cost of $49,500. Using the high-low method of cost estimation, the total fixed costs are
a.$61,875
b.$33,875
c.$24,750
d. cannot be determined from the data given
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Describe how Coca Cola has been positioned in the past, noting what its brand stands for, who are their target customers, what those customers want or need, and how this company is different from its competitors. Provide industry trends and your brand’s current position.
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C oca C ola has been positioned as a classic, timeless brand that stands for happiness, joy, and bringing people together. Its target audience are individuals of all ages, particularly young adults and teenagers.
C oca-C ola aims to satisfy customers' desire for a refreshing and thirst-quenching beverage that can be enjoyed on various occasions, such as parties, social gatherings, and sporting events. The company's marketing strategy has been focused on creating an emotional connection with customers, which has helped to differentiate it from competitors. By utilizing catchy slogans such as "Taste the Feeling," C oca-C ola has been able to emphasize the importance of the experience of drinking their product.
The brand has also been successful in promoting its consistency in taste, regardless of the location or bottle size, which helps to build customer loyalty. One of the most important trends in the beverage industry is the growing demand for healthier and more natural products. To respond to this trend, C oca-C ola has introduced a range of low-calorie and sugar-free beverages, such as C oke Zero and Diet Coke. Another trend is the rising popularity of energy drinks, which has led to C oca-C ola's acquisition of M onster Beverage. Furthermore, C oca-C ola has been using its brand to address social and environmental issues, such as sustainability and water conservation.
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DUSD-1002-Microeconomics-A01H01-XL-2022 Spr Dashboant/ My courses/BUSD 1002 A032022 Spreanne CHE Gamin www Med 100 ar best Previous page 201 Sunny Refer to the graph above to answer this question. What is the level of economic capacity OF TO Ob 100. Oc180 Qd. 120 200 RO hp Next page you KOROVERIL Cementstri POD WAR
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Based on the graph above, the level of economic capacity is option C: 180
What is the economic capacity?Economic capacity denotes the highest achievable level of productivity or output that an economy can maintain within a specific timeframe. This denotes the juncture where the economy is functioning at its maximum capacity without leading to overinflation or resource limitations.
Many factors contribute to the extent of economic potential, such as the presence of resources (such as manpower, capital, and natural endowments), technological proficiency, infrastructure, and general efficiency.
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