The following information is available for Something Strange Corporation (assuming all transactions affected cash): Sale of land $100,000 Sale of equipment 50,000 Issuance of common stock 70,000 Purchase of equipment 30,000 Payment of cash dividends 60,000 Net cash provided by investing activities is a. $130,000. b. $120,000. c. $190,000. d. $150,000.
Answer:
$130,000
because: $100,000 + $60,000 - $30,000 = $130,000
Explanation:
Calvin is the night security officer at a children's museum. What might be one task that Calvin performs as part of his job?
Answer:
viewing video surveillance and conducting walk throughs
Explanation: I took the test
You own some land at the edge of Blacksburg. An individual wants to sign a contract where she rentsthe land from you for 10 years to operate a golf driving range. She is willing to pay $25,000 per year(at the end of each year). She will then buy the land from you at the end of year 10 for $350,000.Alternatively, she is willing to accept a five-year contract, but will only pay $20,000 per year (at theend of each year) and not buy the land at the end of the contract. You suspect that in five years,Blacksburg will have grown enough that a developer will buy your land to build new homes. Howmuch does the developer need to pay you at the end of five years to make the shorter contract thebetter option
Answer:
500,000
Explanation:
25,000x10=250,000+350,000=600,000 20,000x5=100,000 600,000-100,000=500,000
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 50 units at $100 Mar. 10 Purchase 70 units at $110 Aug. 30 Purchase 30 units at $118 Dec. 12 Purchase 50 units at $120 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of goods sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar.
The ending inventory cost and the cost of goods sold using FIFO, LIFO, and Weighted-Average Cost methods are as follows:
FIFO LIFO Weighted-Average
Ending inventory $9,540 $8,300 $8,896
Cost of goods sold $12,700 $13,940 $13,344
Data and Calculations:
Date Description Units Unit Cost Total Cost
Jan. 1 Inventory 50 $100 $5,000
Mar. 10 Purchase 70 $110 7,700
Aug. 30 Purchase 30 $118 3,540
Dec. 12 Purchase 50 $120 6,000
Total 200 $22,240
Dec. 31 Ending inventory 80
Number of units sold 120 (200 - 80)
Average cost per unit = $111.20 ($22,240/200) under the periodic system
FIFO:
Ending inventory = $9,540 (30 x $118 + 50 x $120)
Cost of goods sold = $12,700 ($22,240 - $9,540)
LIFO:
Ending inventory = $8,300 (50 x $100 + 30 x $110)
Cost of goods sold = $13,940 ($22,240 - $8,300)
Weighted-Average Cost:
Ending inventory = $8,896 (80 x $111.20)
Cost of goods sold = $13,344 (120 x $111.20)
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How variable costing would most likely be used
in a service business?
Managers use variable costing to determine which products to offer and which products to discontinue. Rather than discontinuing a product based on negligible.
How can variable costing be used for decision-making in a service company?Managers use variable costing to determine which products to offer and which products to discontinue. Rather than discontinuing a product based on negligible profits, a manager can use variable costing to determine the overall costs of keeping a unit in production.
Why would a company use variable costing?Question: Why do organizations use variable costing? Answer: Variable costing provides managers with the information necessary to prepare a contribution margin income statement, which leads to a more effective cost-volume-profit (CVP) analysis.
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what's the buying culture in your hometown? why?
Answer:
Explanation:
MNBASJa.dsjkQSNjasm
The buying culture of a place refers to the factors that influence the purchase of goods and services in an environment. The buying culture in my hometown is the value-added culture. This is because the people in my hometown purchase goods and services mainly when they feel that there is a problem it will help them solve.
The value-added buying culture is that wherein the buyer senses that a product will help them to solve a problem that plagues them. For example, most people in my hometown only go to the pharmacy and clinic when they are sick. They do not believe in the idea of occasional check-up because they think that it is a waste of money.Therefore, goods are purchased only when they are crucially needed.
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Why choose to become a veterinarian?
1. Which type of inventory has seen the greatest growth in sales prices over the current year? 2. Which type of inventory has seen the greatest decline in sales prices over the current year? 3. Based on the trend lines provided, for which inventory items does management project to sell below its average unit cost in the following year (Hint: Compare projected sales prices to the bar chart showing average unit cost)? 4. Prepare the year-end adjusting entry to record inventory using the lower of cost or net realizable value method (Hint: Be sure to account for the number of units of ending inventory in your calculation).
The type of inventory that has seen the greatest growth in sales prices over the current year is the tables inventory.
The type of inventory that has seen the greatest decline in sales prices over the current year is sofas inventory.
The inventory item that the management projects to sell below its average unit cost in the following year is the sofas inventory.
The year-end adjusting entry to record inventory will be $23595.
Inventory: Dressers
Projected sales price $870
Average unit cost $810
Inventory: Chairs
Projected sales price $658
Average unit cost $320
Inventory: Sofas
Projected sales price $1177
Average unit cost $1540
Inventory: Tables
Projected sales price $2676
Average unit cost $1670
From the information above, we can see that the average unit cost for sofas is more than the projected sales price. Therefore, the inventory item that the management projects to sell below its average unit cost in the following year is the sofas inventory.
The year-end adjusting entry to record inventory will be:
Debit Cost of goods sold ($1540 - $1177) × 65 = $23595
Credit Inventory-Sofas = $23595
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Economics is best defined as the study of how societies deal with
O A. the factors of production.
O B. the problem of scarcity.
O C. the paradox of wealth.
O D. the division of labor.
Answer:
The division of labor.
Explanation:
9. Amir also needs to calculate the commissions paid each month. If the company earns $275,000 or more in a month, the commission is 26% of the sales. If the company earns less than $275,000 in a month, the commission is 17% of the sales. Calculate the commissions as follows: a. In cell B16, enter a formula that uses the IF function and tests whether the total sales for July (cell B9) is greater than or equal to 275000. b. If the condition is true, multiply the total sales for July (cell B9) by 0.26 to calculate a commission of 26%. c. If the condition is false, multiple the total sales for July (cell B9) by 0.17 to calculate a commission of 17%.
The required excel function which calculates the amount of commission for July is =IF(B9>=275000, B9*0.26, B9*0.17).
The IF function in excel uses the syntax ; =IF(condition, statement 1, statement 2)The first argument in the function is the condition which is to check if the value in B9 is greater than or equal to 275000.Next argument is the statement to execute if the condition is true, which is to multiply the value in B9 by the commission percentage ; 26%Next argument is the statement to execute if the condition is False, which is to multiply the value in B9 by 17%.Therefore, the required expression is =IF(B9>=275000, B9*0.26, B9*0.17)
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what is service quality all about
Assuming that the average duration of First National Bank's $100 million of assets is five years while the average duration of its $80 million of liabilities is three years, then a 5-percentage-point decrease in interest rates will cause the net worth of First National Bank to _______ by $_______ million.
A 5-percentage-point decrease in interest rates will cause the net worth of First National Bank to increase by $13 million.
The calculation for the change in net worth will be:
= [(-Da) × ∆i / 1 - i × assets value)] - [(-Dl) × ∆i/1 + I × liability value)]
where,
∆i = change in interest rate
i = current interest
Da = duration of assets.
= [(-5) × 0.05/1 + 0×100)] - [(-3) × 0.05 / 1 + 0.80]
= 25 - 12
= 13 million
Therefore, the net worth of First National Bank will increase by $13 million.
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Assume you are planning to invest $ 7,797 each year for six years and will earn 9 percent
per year. Determine the future value of this annuity due problem if your first $ 7,797 is
invested now. (Round answer to 0 decimal places.)
Answer:
Amount invested in the beginning of each year = $5,558 Interest received each year = 7 % Each year interest will be received on the total of that years deposit plus amount accumulated from previous years deposits and interest.
Explanation:
A title pawn lender is a financial institution that ?
Which of the following acts resulting in injury would be negligence per se?
a. Alison, while driving the speed limit, sideswiped the car next to her.
b. George accidentally dropped a heavy carton on Stefani's foot while at work.
c. A retailer sold glue containing benzene to a 14-year-old boy in violation of state law.
d. Michael sold fireworks from his Indiana store (a legal activity) to Simon, an Illinois resident (a state that has
made owning fireworks illegal).
c. A retailer sold glue containing benzene to a 14-year-old boy in violation of state law acts resulting in injury would be negligence per se.
Option C. is the correct choice.
Negligence per se is a legal doctrine that occurs when a defendant violates a statute or law that was enacted to protect a specific class of people from harm, and this violation results in injury to a member of that class.
In option c, the retailer violated the state law by selling glue containing benzene to a minor, which is likely a law enacted to protect minors from harmful substances.
As a result, if the 14-year-old boy is injured by using the glue, the retailer can be held liable for negligence per se.
In options a and b, there is no violation of any law, and the injuries were likely accidental.
Therefore, negligence per se does not apply. Option d involves legal activities in Indiana but illegal possession in Illinois, which does not involve a violation of any law intended to protect a specific class of people from harm.
The correct answer is c. A retailer sold glue containing benzene to a 14-year-old boy in violation of state law.
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California allows which of the following deductions for this year?
The Federal Reserve changes the reserve requirement to meet monetary policy goals. What is a reserve requirement?
O the taxes that banks are required to pay to the government
O the percentage of customer deposits that banks must maintain possession of
O the interest rate that the federal reserve charges on its loans
O the interest rate that the federal reserve pays on bank deposits with the institution
Answer: I think it’s b
Explanation:
For each of the following separate situations, determine how much revenue is recognized in December (using accrual basis accounting).
a. On December 7, Oklahoma City Thunder sold a $90 ticket to a basketball game to be played in March.
b. Tesla sold and delivered a $58,000 car on December 25. The customer will not pay until February.
c. Deloitte signs a contract on December 1 to provide 40 days of advisory services with receipt of $10,000 due at the end of the contract. On December 31, 75% of the services have been completed.
The accrual concept of recognizing revenue in the period that the transaction occurs and not when payment is received agrees with the matching principle. Revenue should be recognized to match with the recognition of costs incurred for earning the revenue.
Situations Amount of Revenue Recognized in December
a. Ticket Sales $0
Revenue
b. Sales $58,000
Revenue
c. Contract $7,500 ($10,000 x 75%)
Revenue
Thus, for situation (a), no revenue is recognized in December since the game will be played in March. For situation (b), the $58,000 is fully recognized in December, notwithstanding that the customer will pay in February. For situation (c), only 75% of the revenue is recognized in December to agree with the percentage of completion.
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How do the factors of production affect our daily lives?
The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. ... Improved economic growth raises the standard of improved economic growth raises the standard of living by lowering production costs and increasing wages.
Business plan templates
The 7 elements of a Business Plan
Executive Summary. ...
Business Description. ...
Market Analysis. ...
Organization and Management Structure. ...
Sales Strategies. ...
Funding. ...
Financial Projections.
where should you take the temperature of shredded pork in a hot-holding pan?
Place the pork shoulder fat side up on the top rack, cover with the lid, and cook at 225°F to 250°F for a consistent time, using the vents to control the temperature.
Although smoking a whole hog shoulder for pulled pork may appear scary, it is the simplest of the BBQ Big Three (brisket, ribs, and pulled pork) to master and is a fantastic method to refine your smoking abilities.
You'll need to get a digital barbecue thermometer if your grill doesn't include a temperature indicator. Every hour, check the grill's internal temperature. To keep the temperature and smoke consistent, add more charcoal and wet wood chips as needed.
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How are the payments from a family income benefit policy treated for tax purposes?
Answer
i am not sure
Explanation:
Q: Which of the following is not taken into the current year of Canada's national income?
A) Illegal marijuana produced
B) Services offered by Canadian soldiers operating in Afghanistan
C) University degree earned
D) Police services in your community
E) Second-hand items
Answer:
All of the above
Explanation:
First Bank loaned $360,000 for 180 days to a company purchasing a rock-crushing machine. The bank sold the 7% simple interest note 120 days later at an 8% discount rate. Find the proceeds. Assume a 360-day year for both notes.
Headlands Industries uses a perpetual inventory system. Data for product E2-D2 includes the following purchases.
Date Number of units Unit price
May 7 44 $12
July 28 33 $17
On June 1, Headlands sold 22 units, and on August 27, 33 more units.
Compute the cost of goods sold using FIFO, LIFO, and average cost.
Answer:
Explanation:
The price system is an important component of the market because it
A ensures that producers are able to profit
B guarantees that consumers get the goods that they want
C coordinates the activities of producers, consumers, and owners of resources
D prevents spillover effects from occurring
The price system is an important component of the market because it coordinates the activities of producers, consumers, and owners of resources.
The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.
In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.
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Answer:
The answer is C.
Explanation:
Coordinates the activities of producers, consumers, and owners of resources
1. Use the supply schedule below to graph the supply curve of vintage concert t-shirts. Label the curve S1.
2. Use the supply schedule of vintage concert t-shirts below to graph a second supply curve on the graph. Label the curve S2.
3. Does the graph indicate an increase or decrease in supply?
4. Describe a reason that could have been a reason for this shift in supply.
5. Why does the Qs of a product go down when price goes down?
What is a keogh plan?
A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or a defined-contribution plan, although most plans are set as the latter.
Grade 10 SBA TERM 3 business studies
Answer:
good
Explanation:
we should study welll
Trái phiếu của công ty S hiện được bán với mức giá $955, lãi suất coupon là
12% trả lãi hàng năm, mệnh giá là $1.000, thời gian đáo hạn là 15 năm. Hãy
tính YTM của trái phiếu.
Answer:
câu trả lời là 16.800 trong 15 năm với lãi suất 12%