Decision-making problems that could occur when using absorption costing include inappropriate produce pricing decisions, and decisions made to drop production products that are, in fact, profitable.
The significance of Decision-making lies in the manner it helps you in choosing among diverse alternatives. Earlier than making a decision, there may be a want to accumulate all available facts and weigh its pros and cons. It is vital to attention to steps that could assist in taking the proper choices.
Powerful choice-making is described here because of the technique through which options are selected after which controlled thru implementation to reap business objectives. 'powerful decisions end result from a systematic process, with definitely defined factors, that is handled in a wonderful collection of steps' [Drucker, 1967].
A very good choice-maker chooses actions that provide exceptional outcomes for themselves and others. They enter into the choice-making manner with open thoughts and no longer allow their very own biases to sway them. They make choices rationally, after gaining knowledge of alternatives and understanding the results.
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suppose the price elasticity of supply for cheese is 0.6 in the short run and 1.4 in the long run. if an increase in the demand for cheese causes the price of cheese to increase by 15 percent, then the quantity supplied of cheese will increase by
Quantity supplied in the short run is 9%. And the quantity supplied in the long run is 21%.
A good's price elasticity of demand can be defined as a measure of how sensitive the quantity demanded is to its price. In the price elasticity method, quantity demanded falls for almost any good when the price rises, but it falls more for some than for others.
The formula to calculate price elasticity is:
Price elasticity of supply = %Change in the quantity supplied / %change in the price
Quantity supplied in the short run = 0,6 x 15 %
Quantity supplied in the short run = 9%
Quantity supplied in the long run = 1,4 x 15 %
Quantity supplied in the long run = 21%
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the weighted moving average forecasting model uses a weighting scheme to modify the effects of individual data points. this is its major advantage over the simple moving average model. the weighted moving average forecasting model uses a weighting scheme to modify the effects of individual data points. this is its major advantage over the simple moving average model. true false
The weighted transferring common forecasting version makes use of a weighting scheme to alter the results of person facts points. that is its primary gain over the easy transferring common version. the weighted transferring common forecasting version makes use of a weighting scheme to alter the results of person facts points. that is its primary gain over the easy transferring common version is true.
Forecasts produced the usage of exponential smoothing strategies are weighted averages of past observations, with the weights decaying exponentially due to the fact the observations get older. In one-of-a-kind words, the more ultra-modern the declaration the higher the associated weight.
Quantitative forecasts lease one or more mathematical models that rely upon historical information and/or casual variables to forecast demand. Qualitative forecasts include such factors due to the fact the choice maker's intuition, emotions, private experiences, and rate system.
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18. each service starts on a different date because the services depend on each other. enter the starting dates for the remaining services as follows:
The starting dates for the remaining services are mentioned below.
a. Copy the range from cell D7:D9 then select the cell D6 and paste the selection after selecting the given date format. Then the function is represented in the formula bar with adding +4;365 days.
b. Copy the range from cell D7:D9 then select the cell D6 and paste the selection after selecting given date format. Then, the function is represented in the formula bar with adding -3;365 days.
c. In the formula bar you have to type = 365 days; +2 : E6
d. In formula bar you can type =365 days; +2 : C6
The users can easily calculate complex calculation with just one function input with the help of Excel. There are certain worksheets also created using the Excel and then the same are are shared via link with each other.
Hence, the starting dates for the remaining services were mentioned.
The given question is incomplete, the complete question is-
Each service starts on a different date as the services depend on each other. So, enter the starting dates for the remaining services which are as follows:
a. In cell D6, enter a formula without using a function which adds 4 days to the value in cell 06.
b. In cell E6, enter a formula without using a function which can subtract 3 days from the value in cell C6
c. In cell F6, enter a formula without using a function that adds 2 days to the value which is in cell E6
d. In cell G6, enter a formula without using a function which adds 2 days to the value in cell C6.
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assume bell computer company operates in a perfectly competitive market producing 5,000 computers per day. at this output level, price exceeds this firm's marginal cost. it follows that producing one more computer will cause this firm's a. total cost to decrease. b. profits to increase. c. profits to decrease. d. profits to remain unchanged.
In a perfectly competitive market bell computers will cause profits to increase by producing one more.
A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behaviour in a market economy, despite perfect competition seldom occurring in actual markets.
One of the most efficiently operating markets is one with perfect competition, when a large number of buyers and suppliers cooperate perfectly. Sadly, it is a hypothetical event that does not occur in the real world. But in order to guarantee a fair price for all goods and services, markets should strive to be as similar to this type of market as feasible.
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chegg the owners of the trademark to ""tiger king"" decide to wait three months before suing the netflix production. what theory best describes the plaintiff’s strategy to wait to sue?
The owners waited o sue because they were still registering the trademark to "tiger king" giving them ownership.
A trademark is any word, phrase, symbol, or design that identifies your goods or services, or a combination of these things. It is how customers identify you in the marketplace and differentiate you from your competitors. Trademarks and service marks are both referred to by the term "trademark."
A trademark is typically owned by the company that uses it. Simply having an idea for a trademark does not grant you ownership to that mark. In some cases, a company or individual may own a trademark and another company may be authorized, or licensed, to use the mark.
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an increasing proportion of shares in the u.s. are owned by multiple choice governments. corporations (treasury stock). institutions. individual investors.
Institutions own an increasing proportion of shares in the United States, i.e. Institutional Investors own a significant portion of the stock market.
Institutional investors include insurance companies, mutual funds, and pension funds. A company or institution that invests money on behalf of its customers or members is known as an institutional investor. Institutional investors are thought to be more knowledgeable than the average investor and are frequently subject to less regulatory control.
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true or false: if neither law nor sound financial administration requires the use of debt service funds, the debt service function may be performed within the accounting and budgeting framework of the general fund.
It's true that the debt service function may be carried out accounting and budgeting framework if neither the law nor prudent financial administration require the use of debt service funds.
Two words make up the phrase "financial administration." the terms "finance" and "administration." The management and organization of group human endeavors directed toward a specific goal are referred to as administration. Financial resources are referred to as "finance the debt service function may be carried out within the general service funds accounting and budgeting framework."
Financial administration is the collective term for a series of tasks linked to providing funding to an organization's many divisions so they can carry out its goals. Everyday operations of any type of organization—family, business, or government agency—depend on the service funds availability of finances as it relates to financial administration.
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seven cents a share on a stock trading with an eps of approximately $5/share is seemingly immaterial, $0.014. the quantitative benchmarks that we mention previously state that when using net earnings as a benchmark, anything less than 5% is immaterial. based on this, is the misstatement material?
nadia is the finance manager of a retail store. she invests the store's excess cash in because she knows that if a cash shortage occurs, she can simply sell it on the open market and obtain needed funds.
Nadia invests the store's excess cash in a commercial certificates of deposit, so that she can simply sell it on the open market and obtain needed funds.
A business Certificate of Deposit or also known as CD can be described as an interest-earning “term deposit” where funds are kept on deposit for an agreed length of time which provides FDIC Deposit Insurance up to applicable limits.
There are 5 types of certificate of deposit, such as:
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The yield to maturity of a bond with a coupon rate, semiannual coupons, and two years to maturity is apr, compounded semiannually. What is its price?.
The price must be $989.06. The yield to maturity is the discount rate that equates the present value of the bond's cash flows with its price. By discounting the cash flows using the yield, we can find the bond's price.
35/(1+.038)^1 + 35/(1+.038)^2+ 35/(1+.038)^3 1000+35(1+.038)^4pv= 989.06
Many writers have tried to use adverse selection models with dissipative costs to explain the choice of debt maturity. As an illustration, Diamond (1991) demonstrates how the presence of control rents might make long-term
In this study, we contribute to the literature on loan maturity by investigating the impact of cash flow distribution under asymmetric information. (1) We make the supposition that there are no flotation or control costs, and (2) We take into account a number of stochastic features for cash flows. Our findings show that non-stationarity and cash flow dependence alone are sufficient to yield a range of debt maturity structures that were previously exclusively derivable from models assuming the existence of dissipative costs.
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The complete question is :
The Yield To Maturity Of A $1,000 Bond With A 7.2% Coupon Rate, Semiannual Coupons, And Two Years To Maturity Is 8.7% APR,
the yield to maturity of a $1,000 bond with a 7.2% coupon rate, semiannual coupons, and two years to maturity is 8.7% APR, compounded semiannually. What is its price? The price of the bond is ____? (Round to nearest cent)Please show me how you get each number in the formula.
abc has current assets of $2,090, net fixed assets of $9,830, current liabilities of $1,710, and long-term debt of $4,520. how much is net working capital?
ABC has current assets of $2,090, net fixed assets of $9,830, current liabilities of $1,710, and long-term debt of $4,520. how much is net working capital is $380.
Total Assets = Current Assets + Net Fixed Assets
Total Assets = $2,090 + $9,830
Total Assets = $11,920
Total Liabilities = Current Liabilities + Long-term Debt
Total Liabilities = $1,710 + $4,520
Total Liabilities = $6,230
Stockholders’ Equity = Total Assets - Total Liabilities
Stockholders’ Equity = $11,920 - $6,230
Stockholders’ Equity = $5,690
Net Working Capital = Current Assets - Current Liabilities
Net Working Capital = $2,090 - $1,710
Net Working Capital = $380
Working capital is calculated via way of means of subtracting modern-day liabilities from modern-day property, as indexed at the organisation's stability sheet. Current property encompass coins, debts receivable and inventory. Current liabilities encompass debts payable, taxes, wages and hobby owed.
Fixed capital refers back to the property or investments required to set up and run a firm, along with assets or equipment. Working capital is the coins or different liquid property that an organization utilises to finance everyday sports along with payroll and invoice payment.
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carolyn barrett, a marketing surveyor, takes an average of 10 minutes to complete a particular questionnaire. carolyn’s performance rating (pace) is 110% and there is an allowance of 15%.
Maxine and Carolyn are looking for prom attire marketing. Maxine is asked her opinion on a certain garment by Carolyn, who advises her to be candid.
Maxine is astonished to see Carolyn grow furious when she laughs and remarks that the outfit makes Carolyn seem foolish. When Carolyn tells Maxine that the way the opinion was expressed damaged her feelings, not the opinion itself, Carolyn is using metacommunication marketing.
Metacommunication refers to any nonverbal clues, such as tone of voice, gestures, facial expression, and body language, that convey meaning and either support or contradict what we say verbally.
Meta-communication is a technique for communicating through non-verbal cues like gestures, tone of voice, body language, and facial expressions. It is a back-up method of communication used in conjunction with verbal communication marketing.
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ishares msci are group of answer choices open-end mutual funds sold otc. exchange traded funds that are not subject to u.s. sec and irs diversification requirements. exchange traded funds that are subject to u.s. sec and irs diversification requirements. none of the options
ishares msci are group of exchange traded funds that are not subject to u.s. sec and irs diversification requirements.
The iShares MSCI emerging Markets ETF seeks to music the funding effects of an index composed of massive- and mid-capitalization rising marketplace equities.
iShares is a global chief in trade Traded budget (ETFs) with a line-up of over 1,250 funds. As part of BlackRock, iShares ETFs harness information and innovation to pressure progress for the financial enterprise and our traders.
iShares' range of ETFs makes it convenient to make investments for the long term, reduce danger, and fit monetary desires with what topics to you. iShares ETFs can typically assist reduce tax consequences because of their approach and structure.
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the strategy where a company takes a product produced for the domestic market and then makes very minor changes to customize the product for global markets is the blank strategy. multiple choice question. global standardization transnational international localization
The appropriate choice is option (d). The International Strategy is the process by which a business adapts a product created for the domestic market to suit markets abroad with just minor alterations.
What exactly is international strategy?An international strategy, which entails importing or exporting goods and services while maintaining a head office or offices in the organization's home country, serves as the first step in the majority of firms' strategies for global development. For all corporate endeavors involving international expansion, there is no one approach that is effective.
What advantages does global strategy offer?One of the key advantages of global development is increased corporate growth. Organizations are able to expand more swiftly by entering international markets. Your product or service is made available to additional customers by broadening the company's global reach. This may lead to further growth.
Which international strategy is the most effective?The most effective technique is transnational, but it's also the most complicated in terms of interactions and communications. We can better grasp the connections between regional offices and corporate headquarters thanks to the graphic representation of the four basic models for worldwide strategy.
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Which of these is primarily responsible for the control of the money supply in the united states? question 3 options: the u.s. treasury the federal reserve the executive branch the legislative branch
In order to control and manage the money supply in the United States and avert economic disasters, the U.S. government established the Federal Reserve, the country's central bank.
How the Federal Reserve Controls the Supply of Money ?
Free-market civilizations have had boom-and-bust cycles throughout history. While everyone likes prosperous economic times, recessions are frequently distressing. The Federal Reserve was established to control the nation's money supply and shield American residents from economic harm in the united states. The Fed has strong instruments at its disposal to influence the money supply. The Fed was given the authority to serve as the lender of last resort as one means of protecting against financial panics and is primarily responsible. That is, the Fed would give money to the banks, encouraging them to lend more when hazardous business prospects made commercial banks unwilling to offer new loans.
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the analyst turned on his banker's lamp, adjusted his eye shade, and slowly pulled a legal pad from his desk. his weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:
The analyst divided earnings by total assets in order to calculate return on assets. The formula of return on assets is net income divided by total assets.
Return on assets or also known as ROA can be defined as a profitability ratio that measures how well a company is generating profits from its total assets. Return on assets is an important thing to know when investing. Investors can use Return on Assets when investing to find good stock opportunities because the percentage shows how efficient a company is at using its assets to generate profits.
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analyzing and computing financial statement effects of loan interest huddart company gave a creditor a 90-day, 6% note payable for $6,000 on december 16. a. prepare the journal entry to record the year-end december 31st accounting adjustment huddart must make. note: round your answers to the nearest whole number.
The Interest expense of huddart company is debit 24. and The Interest Payable of huddart company is also credit 24.
description debit credit
interest expense (7200* 8%*15/360) 24
interest payable 24
A journal entry is used to document a business transaction in a company's accounting records. A journal entry is typically recorded in the general ledger; however, it may also be recorded in a subsidiary ledger before being summed up and rolled forward into the general ledger. An accounting journal, which demonstrates a company's debit and credit balances, records transactions. The journal entry can be made up of multiple recordings, each of which can be a debit or a credit.
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king waterbeds has an annual cash dividend policy that raises the dividend each year by %. the most recent dividend, , was per share. what is the stock's price if
a) The stock's price if an investor wants a return of 5% is $42
b) The stock's price if an investor wants a return of 8% is $10.5
c) The stock's price if an investor wants a return of 10% is $7
d) The stock's price if an investor wants a return of 13% is $4.67
e) The stock's price if an investor wants a return of 20% is $2.63
Here's the complete question:
King Waterbeds has an annual cash dividend policy that raises the dividend each year by 4%. The most recent dividend, Div 0, was $ 0.40 per share. What is the stock's price if
a. an investor wants a return of 5%?
b. an investor wants a return of 8%?
c. an investor wants a return of 10%?
d. an investor wants a return of 13%?
e. an investor wants a return of 20%?
Using the Gordon Growth Model of Stock Valuation:
The formula is:
P = D1 / r – g.
Where:
D1 = the annual expected dividend of the next year.
r = rate of return.
g = the expected dividend growth rate (assumed to be constant)
To calculate Next year's dividend (D1) we can use the growth rate as follows,
D1 = D0 (1+g)
D1 = 0.4 (1+0.04)
D1 = $0.416
D1 = $0.42
Now that we have D1 we can use it for all the questions.
a) an investor wants a return of 5%
= D1 / r – g.
= 0.42 / 0.05 - 0.04
= $42
b) investor wants a return of 8%
= D1 / r – g
= 0.42/ 0.08 - 0.04
= $10.5
c) investor wants a return of 10%
= D1 / r – g
= 0.42 / 0.1 - 0.04
= $7
d) investor wants a return of 13%
= D1 / r – g
= 0.42 / 0.13 - 0.04
= $4.67
e) investor wants a return of 20%
= D1 / r - g
= 0.42 / 0.2 - 0.04
= $2.63
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a sm323 project team is currently planning to make the plastic part they need by leasing a large injection molding machine at a cost of $10,000 per year. they estimate that other fixed costs for space and indirect labor will total an additional $10,000 per year. if direct labor and materials costs $0.25 per part and they forecast an annual demand of 50,000 parts, what price would a supplier have to quote for them to switch to a buy decision?
A supplier would have to quote them for $0.65 per piece to switch to a buy decision.
A provider is a person, corporation, or organization that sells or resources something along with goods or equipment to customers.
A provider is someone or a business that offers products or services to some other entity. The function of a provider in an enterprise is to provide exceptional merchandise from a producer at a good price to a distributor or store for resale.
50,000 = 20,000/(x-.25)
50,000 x - 12,500 = 20,000
= $0.65 per piece
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a portfolio is composed of two stocks, a and b. stock a has a standard deviation of return of 28%, while stock b has a standard deviation of return of 22%. stock a comprises 60% of the portfolio, while stock b comprises 40% of the portfolio. if the variance of return on the portfolio is 0.050, the correlation coefficient between the returns on a and b is
034= (.70^2)(.19^2)+ (.30^2)(.25^2)+2(.7)(.3)(.19)(.25)p
.034= .0176+.0056+.01995p
.034-.0232=.01995p
0.0108= .01995p
.0108/.01995=
the correlation coefficient between the returns on A and B is p=.536
A statistical measure known as correlation expresses how linearly connected two variables are (meaning they change together at a constant rate). It is a typical strategy for describing straightforward relationships without explicitly stating cause and effect. Ascertaining a potential linear link between two continuous variables is done statistically through correlation. A coefficient is a multiplicative factor in a polynomial term, a series term, or an expression in mathematics; it often has the form of a number but can also take the form of any expression. The term "parameter" can also be used to describe coefficients that are variables in and of themselves. In other words, the numerical factor of a phrase with constants and variables is known as a coefficient.
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stereo corp. continued production of their popular radio line into 2018. the following information on inventory and production pertains to the year 2018. cost of goods manufactured $257,000 beginning finished inventory $0 ending finished goods inventory $38,000 overapplied overhead $10,000 calculate the adjusted cost of goods sold for the year 2018.
From the given information, The adjusted cost of goods sold for the year 2018 is $212,000
Adjusted cost of goods sold for the year 2018
Opening Finished Goods inventory $O
Add: Cost of Goods manufactured $257,000
Cost of Goods available for sale = Opening finished goods inventory + cost of goods manufactured
Cost of Goods available for sale = $257,000Less: Ending Finished Goods inventory = $38,000
Unadjusted Cost of goods sold = cost of goods available for sale - Ending finished goods inventory
Unadjusted Cost of goods sold = $257,000 - $38,000 = $219,000Less: Over-applied overheads = $10,000
Adjusted cost of goods sold = Unadjusted Cost of goods sold - Over-applied overheads = $219,000 - $10,000
Adjusted cost of goods sold = $212,000A change in an asset's book value brought on by improvements, fresh purchases, sales, dividends, or other circumstances is referred to as an adjusted cost base (ACB) in terms of income taxes. An adjusted cost base is the real cost to a buyer or seller and can be computed on a single or per-unit basis.The term "adjusted cost basis" (ACB) refers to a modification of an asset's cost basis that takes transaction-related fees, commissions, and other costs into account.A major alteration or capital improvement to the asset that raises its value may also cause ACB to amend the tax basis.When reporting capital gains, losses, or depreciation, ACB is largely used for tax purposes.Learn more about Adjusted cost, here
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A tactical decision is concerned with how the organization should achieve the goals and objectives set by its strategy. True or false?.
A tactical decision is concerned with how the organization should achieve the goals and objectives set by its strategy. This statement is TRUE.
The directors' broad strategy is implemented in more detail through tactical choices and strategies, which often have a medium-term influence on a corporation. Among other things, the following tactical issues require decisions: a workforce's composition and size plan for sales and marketing. Tactical decisions include things like modifying product prices, establishing work schedules, moving departments, and other such things. These kinds of choices have a medium impact on profitability and risk to the company.
Tactical decisions related to medium-term production planning, inventory control, logistics management, etc. are constrained by the strategic design. The feedback tactical decisions provide can be used to alter strategic decisions.
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the sales budget might include revisions to prior year's sales quantities for all of the following except a.productive capacity. b.planned advertising and promotion. c.projected pricing changes. d.expected industry and general economic conditions.
The sales budget might include revisions to prior year's sales quantities for all of the following except productive capacity.
Option A is correct.
Sales Budgets:A sales budget is actually a financial plan that calculates a company's total revenue in a given time period. It focuses on two things the number of products sold and the price at which the products are sold and to analyse how the company will perform.
What are the advantages of sales budget?The sales budget allows the managers to assess the resources which are needed, and the price of those resources in order for them to achieve the goals of the company . If your sales budget has decreased from the previous year, managers and team leaders must figure out how to used the resource conveniently to accomplish the desired targets.
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working capital turnover ratio indicates: group of answer choices the difference between current assets (excluding inventory) and current liabilities. the amount of working capital used in generating sales for the period. the bare minimum working capital that a company should have at any time. the amount of working capital used as a percentage of the assets owned by the company.
Working capital turnover estimates how viable a business is at producing deals for each dollar of working capital put to utilize.A company's ability to generate more sales is indicated by a higher working capital turnover ratio, which is better.
What distinguishes working capital ratio from working capital?
The difference between a company's current assets and liabilities is referred to as working capital. These numbers are compared as a percentage using the working capital ratio. When determining a company's financial health, both metrics can be helpful.
The ratio of assets to liabilities, or how many times a company can pay off its current liabilities with its current assets, is shown by the working capital ratio. The calculation for the working capital ratio is: Current assets divided by current liabilities is the working capital ratio.
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what happens to the equilibrium price and quantity of steaks, if the price of chicken meat, a substitute to steaks, decreases, and regulations make the production of steaks more expensive? please show graphically and explain your prediction in a few words.
Costly production causes supply to shift, which causes output to decline and prices to rise. However, as substitute prices fall, demand will shift to the left, resulting in a decrease in output as well as price for steak.
What is steak?
A steak is a thick piece of meat that is typically cut across the muscle fibres and occasionally contains a bone. Typically, it is grilled or fried. Steak can be minced and made into patties for hamburgers or diced and cooked in sauce for steak and kidney pie. Various animals, including cattle, bison, camels, goats, horses, kangaroos, sheep, ostriches, reindeer, turkeys, deer, and zebu, as well as different kinds of fish, particularly salmon and large fish like swordfish, sharks, and marlin, are used to make steaks. These cuts are frequently referred to as chops when they come from certain meats, like pork, lamb and mutton, chevon, and veal. Some types of cured meat, like gammon, are frequently served as steak.
Finally, prices will be decided based on the magnitudes of shifts. However, output will decrease for both shifts.
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executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. what was the effect of this fraud on worldcom's financial statements? (check all that apply.)
Expenses were too low and the Net income was too high was the effect of this fraud on WorldCom's financial statements.
What is a financial statement?A financial statement is an accounting document that lists all of a company's operations, whether they are financial or not. This statement defines the way about the condition that was happening in the financial position.
In the following, there was an $11 billion fraud which consisted that the financial statement defining the expenses of the particular company WorldCom as very low, and the income was shown as very high this created a huge effect on the balance sheet and financial statement.
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Sharing the results of your analysis with colleagues who are very familiar with the business problem supports what practice?.
One example of making decisions in a data-driven manner would be to discuss the findings of your study with those who are already acquainted with the business issue.
This is further explained below.
What is data-driven decision-making?Generally, Using facts, measurements, and data to influence strategic business choices that are in alignment with your goals, objectives, and projects is what is meant by the term "data-driven decision-making," abbreviated as "DDDM."
In conclusion, Data-driven decision-making may be shown by discussing the findings of your study with those who are acquainted with the business challenge.
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Agreements that are so thoroughly one-sided that fairness precludes enforcing them are known as __________ contracts.
Agreements that are so thoroughly one-sided that fairness precludes enforcing them are known as Unconscionable contracts.
Unconscionable contracts are those who are so ridiculously partisan against one party and unfavorable towards the other that the law considers them to be unenforceable. In terms of contractual law, an unconscionable contract is one that gives either of the parties no real, meaningful options. This is typically the consequence of major discrepancies in the parties' comparative bargaining positions. Unconscionable contracts frequently entail that one of the parties signing under coercion, with insufficient knowledge, or after having been deceived, which is one of their defining attributes.
A contract will normally be deemed unenforceable if a lawsuit is filed and the court decides that it is unconscionable.
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during the month of july, clanton industries issued a check in the amount of $756 to a supplier on account. the check did not clear the bank during july. in preparing the july 31 bank reconciliation, the company should:
In July, the cheque failed to clear the bank. The business should: Subtract the check amount from the bank balance when doing the bank reconciliation for July 31.
What is bank reconciliation?Comparing information from cash books and related information from bank statements is known as bank reconciliation. It is an important procedure that guarantees the accuracy of the CFO's accounting records.
The five basic types of account reconciliation are bank reconciliation, vendor reconciliation, business-specific reconciliation, intercompany reconciliation, and customer reconciliation. Additionally, they all help you keep your balances.
The process of reconciliation guarantees the reliability and accuracy of financial data. A proper reconciliation procedure also makes sure that no illegal changes were made to transactions while they were being processed.
The equation is as follows: Bank statement balance = Cash account balance as per your records +/- reconciling items.
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pencil company acquired 80 percent of stylus corporation’s stock on january 2, 20x3, for $97,600 cash. summarized balance sheet data for the companies on december 31, 20x2, follow: pencil company stylus corporation book value fair value book value fair value cash $ 217,000 $ 217,000 $ 61,000 $ 61,000 other assets 416,000 416,000 125,000 125,000 total debits $ 633,000 $ 186,000 current liabilities $ 84,000 84,000 $ 64,000 64,000 common stock 288,000 61,000 retained earnings 261,000 61,000 total credits $ 633,000 $ 186,000
If a pencil firm purchased 80% of stylus corporation's stock on January 2, 20x3, for $97,600 in cash, the difference between the acquisition price and fair value of the company acquisition price of goodwill) is $0.
The whole sum of the consideration paid for a corporation's stock company at a specified date is its acquisition price. The acquisition price, however, could vary depending on how the market responds to the transaction because a significant amount (or perhaps all) of the consideration paid could represent the buyer's equity.
An acquisition cost, also known as the acquisition price, is the total cost that a business records on its books for real estate or equipment after adjusting for discounts, incentives, closing expenses, and other essential expenditures, but before sales taxes. The sum required corporation's stock to acquire another business or buy an existing business unit from another company may also be included in an acquisition cost.
the difference between acquisition price and fair value of the company acquired (amount of goodwill) as follows:
Difference = Acquisition price - Fair value of net assets
97,600 - (($50,000-$135,000-$63,000 0x80%). = $0
Therefore, the difference between acquisition price and fair value of the company acquired amount of goodwill) is $0.
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The complete question is
Pencil Company acquired 80 percent of Stylus Corporation’s stock on January 2, 20X3, for $72,000 cash. Summarized balance sheet data for the companies on December 31, 20X2, follow:
Peace Computer Corporation acquired 90 percent of Symbol Software Company’s common stock on January 2, 20X3, by issuing preferred stock with a par value of $6 per share and a market value of $8.10 per share. A total of 10,000 shares of preferred stock was issued. Balance sheet data for the two companies immediately before the business combination are as follows:
Peace Computer
Corporation Symbol Software
Company
Book Value Fair Value Book Value Fair Value
Cash $ 200,000 $ 200,000 $ 50,000 $ 50,000
Other Assets 400,000 400,000 120,000 120,000
Total Debits $ 600,000 $ 170,000
Current Liabilities $ 100,000 100,000 $ 80,000 80,000
Common Stock 300,000 50,000
Retained Earnings 200,000 40,000
Total Credits $ 600,000 $ 170,000
Prepare a consolidated balance sheet immediately following the acquisition.