Based on the sales and the cost of goods sold, the gross profit rate would be b. 0.26.
What is the gross profit rate?First, find the gross profit:
= Sales - Sales discounts - Sales returns - cost of goods sold
= 154,000 - 6,000 - 15,000 - 98,000
= $35,000
Gross profit rate is:
= 35,000 / (154,000 - 6,000 - 15,000)
= 0.26
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what is intellectual property assets to organizational monopoly
what do you consider to be the primary ethical, social, and political issues regarding information system quality?
Chapman Company obtains 100 percent of Abernethy Company’s stock on January 1, 2020. As of that date, Abernethy has the following trial balance: Debit Credit Accounts payable $ 52,800 Accounts receivable $ 49,500 Additional paid-in capital 50,000 Buildings (net) (4-year remaining life) 174,000 Cash and short-term investments 84,000 Common stock 250,000 Equipment (net) (5-year remaining life) 315,000 Inventory 137,500 Land 90,500 Long-term liabilities (mature 12/31/23) 188,500 Retained earnings, 1/1/20 323,600 Supplies 14,400 Totals $ 864,900 $ 864,900 During 2020, Abernethy reported net income of $129,000 while declaring and paying dividends of $16,000. During 2021, Abernethy reported net income of $176,000 while declaring and paying dividends of $38,000. Assume that Chapman Company acquired Abernethy’s common stock for $731,110 in cash. Assume that the equipment and long-term liabilities had fair values of $338,650 and $156,340, respectively, on the acquisition date. Chapman uses the initial value method to account for its investment. Prepare consolidation worksheet entries for December 31, 2020, and December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The consolidation worksheet entries for December 31, 2020, and December 31, 2021 is: Debit Common Stock -Abernethy $250000; Debit Additional paid-n capital – Abernethy $50,000; Debit Retained earnings $431,110; Credit Investment in Abernethy $731,110.
Consolidation worksheet entriesDecember 31, 2020
Entry S
Debit Common Stock -Abernethy $250000
Debit Additional paid-n capital – Abernethy $50,000
Debit Retained earnings $431,110
($731,110-$250,000-$50,000)
Credit Investment in Abernethy $731,110
(Elimination entry for Abernethy common stock)
Entry A
Debit Goodwill $107,510
Credit Investment in Abernethy $107,510
($731,110-$250,000+$323,600+$50,000)
(To recognize excess acquisition cost as goodwill)
Entry I
Debit Equity in Earnings of Subsidiary $129,000
Credit Investment in Abernethy $129,000
(Elimination entry for inter-company income for 2020)
Entry D
Debit Investment in Abernethy $16,000
Credit Dividends paid $16,000
(Elimination of inter-company dividend payments)
Entry E
No Journal Entry Required
(Unamortized goodwill under the partial equity method)
Entry C
No Journal entry required
(Goodwill unamortized)
December 31, 2021
Entry S
Debit Common Stock – Abernethy $250,000
Debit Additional-Paid-in Capital –Abernethy $50,000
Debit Retained Earnings –Abernethy $431,110
($731,110-$250,000-$50,000)
Credit Investment in Abernethy $731,110
(Elimination entry of beginning stockholder’s equity balances of Subsidiary)
Entry A
Debit Goodwill $145,000
Credit Investment in Abernethy $145,000
(To record goodwill balance)
Entry I
Debit Equity in Earnings in Subsidiary $176,000
Credit Investment in Abernethy $176,000
(Elimination of inter-company accrual for the year 2021)
Entry D
Debit Investment in Abernethy $38,000
Credit Dividends Paid $38,000
(Elimination of inter-company dividend payments)
Entry E
No journal entry is required
Therefore the entries is: Debit Common Stock -Abernethy $250000; Debit Additional paid-n capital – Abernethy $50,000; Debit Retained earnings $431,110; Credit Investment in Abernethy $731,110.
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a manufacturing company has been facing codification challenges caused by fluctuating levels of stock.stores departments must make decisions on how to address this problem and improve efficiency in stores operations. afvise the store manager of key considerations that should be made when choosing the most suitable type
The key considerations that should be made when choosing the most suitable type of stock is to control the stock.
What should the company control stock?When stock is controlled it ensures that there is materials or resources available enough for production.
It includes adequate monitoring of the stock level to ensure sustainability through details inventory and monitoring.
Therefore, the key considerations that should be made when choosing the most suitable type of stock is to control the stock.
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The following economic functions have been derived by the Finance Manager
Qx = 3P2 – 12 and
Qx = 24 – P2; where p represents price and Q is quantity
Required:
Which of the two functions represents a demand curve, supply curve and why?
At what values of price and quantity is the market in equilibrium
The supply curve in the question is Qa = 3P2– 12 while the demand curve is Qx = 24 – P2.
a. How to ascertain the supply curveTo know the supply curve we have to be able to make a distinction of the direction of the signs used in the functions.
Supply curves are known to be positive because they are an increasing function that is due to prices. For demand function they are negative because they are a decreasing function.
In 3P2 – 12. the coefficient is positive when we take the first derivative. This gives us 6p= +6
For the demand curve, when we do this we would have -2p. that is -2 hence this is the demand curve.
2. Equilibrium.
At equilibrium we have Qa = Qd
hence 3P² – 12p= 24 – P²
From here we are to take like terms
3P² – 12p= 24 – P²
3P² + P² - 12p - 24 = 0
4p² - 12p - 24 = 0
The solution to the quadratic equation using the quadratic equation calculator is x=4.37228 and x=−1.37228
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Evaluate the potential of acquisitions of a) Santa Isabel and b) Royal Ahold? What do you recommend?
Acquisition is never an easy feat. One of the problems that was associated with the acquisition of Santa Isabel by Royal Ahold, was that in that year, Ahold's books went red. The reason for this was put on Santa Isabel.
What is an acquisition?An acquisition in business refers to the purchase of majority stake in a company. This is known as a partial acquisition.
In some cases, there are 100% acquisitions. In this case, there was first a partial acquisition to the tune of 70%.
This translated to unwarranted legal battles for Royal Ahold who was asked to pay more for the remaining 30% by a minority shareholders.
The recommendations must come from a technical/financial analysis of what the opportunities are for Royal Ahold should they gain 100% control of the company.
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You are monitoring your client's business email and you are flooded with complaints, inquiries, follow-ups, and a positive feedback email, how do you prioritize which ones to do first
The emails that should be prioritized according to the relevance and urgency of the message content.
How to define the urgency of an email?Emails must be analyzed according to the need for a quick response, such as emails with a deadline, with required actions and with a content that can jeopardize the organizational reputation.
Therefore, commercial emails are currently one of the most used forms of communication by companies, due to the speed in the process of sending messages. To be used effectively, messages must be organized and responded to as needed.
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Which interest rate does the Federal Reserve directly control?
a. IORB (Interest On Reserve Balance Accounts)
b. Federal Funds Rate
c. Interest that commercial banks charge for household and business loans
d. all of the above
The interest rate that is directly controlled by the Federal Reserve is the a. IORB (Interest On Reserve Balance Accounts).
What is the IORB?The interest On Reserve Balance Accounts is the rate that the Fed pays to banks on the amount that the bank leaves in the Fed as reserves.
This rate is directly controlled by the Federal Reserve as it is set by the Fed's Board of Governors.
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In order to register your car, the state of Florida requires
that all drivers have ...
In order for drivers to register their cars in Florida it is required that they have
Proof of identityProof of insurance for the state of FloridaApplication for certificate of title.What is a car registration?This is the registration that is mandatory for all cars in the United States. The goal is to be able to track cars that are used to carry out criminal activities and their owners.
To do this one is compulsorily required to show the proof that they own the car they are registering.
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D
Question 12
A formal approach to familiarize a new staff member to its values and polices. What type of
organizational learning does this describe?
O employee mentorship
O employee orientation
O employee training
employee development
The type of organizational learning that involves a formal approach to familiarize a new staff member with the organization's values and policies is B. employee orientation.
What is organizational learning?Organizational learning involves the process of gaining experience and creating knowledge for organizational improvement.
Organizational learning enables employees to:
Share insightsBrainstorm togetherSolve problemsImprove performance.Thus, familiarizing new staff members with the organization's values and policies involves employee orientation, not employee mentorship, training, or development.
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1.Effective communicators are aware of other person's frames of___and views of the ___
Effective communicators are aware of other person's frames of reference and views of the recipient.
What is an effective communication?An effective communication can be defined as an act that typically involves conveying information (message) efficiently and effectively from a sender to another (recipient) without any redundancy.
As a general rule, effective communicators are aware of other person's frames of reference and views of the recipient.
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What is one disadvantage of buying stocks?
O A. Stocks are private and difficult to purchase.
OB. Stocks don't pay out until you reach a specific age.
O C. Stocks are low-risk but have a low rate of return.
O D. Stocks are a high-risk investment.
here are disadvantages to owning stocks risk you could lose your entire investment if a company does poorly investors will sell sending the stock price plummeting when you sell you will lose your Intailinvestment
Answer:
O D. Stocks are a high-risk investment.
Explanation:
Last week Stephanie quit her job as a copywriter at an advertising agency. She has spent the past few days browsing the help wanted ads but hasn't found anything that matches her skills. Stephanie is best classified a
Question 7 options:
1) cyclically unemployed.
2) structurally unemployed.
3) frictionally unemployed.
4) out of the labor force.
Stephanie is best classified as frictionally unemployed because she is actively seeking a new job after voluntarily leaving her previous position as a copywriter. Therefore, option 3 is correct.
Frictional unemployment refers to the temporary and voluntary unemployment experienced by individuals who are in the process of transitioning between jobs or entering the labor market for the first time.
It occurs due to natural factors such as job searching, skill mismatch, and geographic mobility, where workers seek better opportunities or companies seek suitable candidates.
As a necessary aspect of a dynamic and evolving economy, frictional unemployment represents the time and effort required for job seekers and employers to find the right match, making it a natural and transitory phase within the labor market.
Therefore, option 3 is correct.
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Identify and tabulate the changes that have taken place at your property,in the following change categories:
Technological (5)
Guest preferences (5)
Sustainable tourism (5)
The Technological changes that have taken place at your property are:
The Technological changes are the invention and the use of Automobiles, smartphones, use of smart toilet laptops, and Wi-Fi.
The Guest preferences changes that have taken place at your property are:
Some of guest preferences changes are:
5 course mealPreparation of vegetarian foodUse of good quality tissue papersGood ventilationGood customer service and chauffeurThe Sustainable tourism changes that have taken place at your property are: Efficient and sustainable management of tourism business.Support for cultural diversity.Support for cultural heritage. Environmental Sustainability.Water efficiency and sustainability.Learn more about Technological changes from
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Your friend Jenny says a Roth IRA has the best tax advantages, because you pay taxes now and won’t have to pay them when you take the money out in retirement. Why might she be right?
Jenny might be right if the taxes are expected to rise.
What is the Internal Revenue Service?This refers to the United States federal agency that is tasked with the collection of taxes and implementation of federal tax laws.
Hence, we can see that based on the advice by Jenny about the use of Roth IRA because of its best tax advantages where she can pay taxes now and won’t have to pay them when you take the money out in retirement, this is good advice, only if the taxes are expected to rise.
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A production manager wants to assess the reactions of the blue-collar workers in his department (including foremen) to the introduction of computer-integrated manufacturing (CIM) systems. He is particularly interested to know how they woul
The samples of the questionnaire to use are given below:
Which department or scope of duty do you belong to? What is the highest demerit undertaking your role in that Department?Do you feel happy or proud about coming to work daily? ...Are you happy of working for company?Do you see yourself still walking in this company in the next 5 years?Are you okay with your current salary, compensation and benefits?Why use surveys to known the about of employee engagement?Employee engagement surveys is done through the administering of questionnaires to employees and this helps in a lot of critical purposes.
Note that Employees are able to submit a kind of feedback usually anonymously and this will help one to know frustrated or uninspired team members and they can express how they feel.
See full question below
A production manager wants to assess the reactions of the blue-collar workers in his department (including foremen) to the introduction of computer-integrated manufacturing (CIM) systems. He is particularly interested in finding out how they perceive the effects of CIM on:
1. their future as employees
2. the additional training that they will have to receive
3. future job advancement
Design a questionnaire for the production manager. at least 200 words.
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Both Wisconsin and Illinois border Lake Michigan. The lake is becoming polluted and both states are deciding whether or not to clean it. If Wisconsin decides to clean the lake it will cost 1200 and generate social benefits of 1500 – however, Wisconsin will receive only 1100 of those social benefits while neighbor Illinois will receive the other 400. If Illinois cleans the lake, it will cost them 700 and generate social benefits of 900 – however, Illinois will receive only 600 of those benefits, Wisconsin will receive the remaining 300. If a state does not clean the lake, it experiences a cost of $0. In the absence of any agreement, the outcome of this game will be
In The absence of any form of agreement the outcome that would be here would be Wisconsin not cleaning the lake, Illinois cleaning the lake.
What is game theory?This is the theory that is used in economics to determine the best possible payout for two companies.
It tells us of the strategies that both parties would have to put in place when they are stuck at competitive positions.
Cleaning of polluted lake is going to bring about positive externalities and society will be the one to benefit.
For WisconsinCost of cleaning = 1200 ;
benefit = 1500
But the payout is 1100, hence Wisconsin losses 100
For Illinoiscost of cleaning is 700
social benefit to society is 900
They would receive 600 and also lose 100.
The gain Illinois receives from Wisconsin is 400 while the gain Wisconsin receives from Illinois is 300.
So we to conclude that The best thing would be Wisconsin not cleaning the lake, Illinois cleaning the lake.
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Since indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management accountant will:
Since the indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management accountant will assign them by means of cost allocation.
What is the indirect cost?The cost that is not directly related to the manufacturing process but plays a significant role in business is referred to as an indirect cost. It includes rent, salaries, office expenses, administration expenses, stationery, and so on.
The distribution of a single expense among numerous organizations, departments, or cost centers is known as cost allocation. It facilitates decision-making, waste reduction, and product pricing for businesses.
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Additional paid-in capital is most likely to appear on the balance sheet of a corporation that:
Select one:
a. has par value stock.
b. has no-par value stock.
c. has issued stock at different dates.
d. has issued stock dividends.
Answer:
b. has no-par value stock.
Explanation:
Additional paid-in capital represents the amount of money that shareholders have paid for their shares of stock, in excess of the par value of the stock. This is most likely to occur with no-par value stock, which has no set value assigned to each share.
9. If the Federal wants to decrease the target rate range for the federal funds rate then it will set the IROB _________________ the Federal Funds Rate.
a. above
b. below
Answer:
Below
Explanation:
If the Federal wants to decrease the target rate range for the federal funds rate then it will set the IROB below the Federal Funds Rate. Thus, option B is correct.
The Federal Open Market Committee (FOMC)'s target interest rate range is referred to as the "federal funds rate" in this context. The rate at which commercial banks overnight lend and borrow each other's surplus reserves is the aim.
The FOMC, the Federal Reserve System's decision-making body, convenes eight times a year to determine the target federal funds rate, a component of its monetary policy. This aids in promoting economic expansion.
Short-term interest rates on credit cards and consumer loans can be influenced by the federal funds rate. Because it affects the stock market, investors also keep a watch on the federal funds rate.
Therefore, option B is the ideal selection.
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If a company wanted to finance the purchase of equipment without diluting shareholders equity, which of the following operation could it consider?
Answer:
Issuing convertible bonds
Explanation:
Convertible bonds are corporate bonds that can be exchanged for common stock in the issuing company. Companies issue convertible bonds to lower the coupon rate on debt and to delay dilution. A bond's conversion ratio determines how many shares an investor will get for it.
Learning Activity 2 (pls post under Unit 2)
The table below shows the production levels and prices for the country Alpha in 2020 and 2021:
2020
2021
Quantity
Price
Quantity
Price
Cars
12
$10
20
$12
Trucks
15
$14
22
$16
Use the information above to calculate:
1. Nominal GDP for 2020 and 2021
2. Real GDP for 2020 and 2021, using 2020 as the base year
3. Real GDP per capita for 2020 and 2021, if the population for both years is 100 people
1. The nominal GDP for 2020 and 2021 is as follows:
2020 = $330
2021 = $592
2. The Real GDP for 2020 and 2021, using 2020 as the base year is as follows:
2020 = $330
2021 = $508 ($592/1.165)
3/ The Real GDP per capita for 2020 and 2021 using a population of 100 is as follows:
2020 = $3.30 per capita
2021 = $5/08 per capita
What is the difference between the Nominal GDP and the Real GDP?The nominal GDP uses current prices while the Real GDP adjusts the current prices using the GDP deflator (thus accounting for inflation).
Data and Calculations:Car Trucks
Quantity Price Quantity Price Nominal GDP
2020 12 $10 15 $14 $330 (12 x $10 + 15 x $14)
2021 20 $12 22 $16 $592 (20 x $12 + 22 x $16)
2021 Real GDP:
20 $10 22 $14 $508 (20 x $10 + 22 x $14)
GDP Deflator = Nominal GDP/Real GDP x 100
= $592/$508
= 1.165
Thus, while nominal GDP is based on current prices, the real GDP removes the effects of inflation.
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Can you please help me to get proper answer of these questions? I need answers of these questions but didn't found proper answers from anywhere.
1. How does international trade affect economic growth?
2. How does trade alter the distribution of income?
3. How can trade promote development?
4. Can developing country to term and how much they trade?
5. Is an outword-looking or an inward-looking trade policy best?
Which of the following is a policy controlled by the federal reserve in the US or the central bank in any other country
Answer:
determining the discount rate
Explanation:
when you do this it helps to read the textbook and the answers are right there and it tells you . 120-345 would help
What is the first step in setting up a budget? (1 point)
a. Calculate your fixed expenses
b. Calculate your variable expenses
c. Determine your gross income for the year
d. Determine your net income for the year
A factory manufactures model cars. During October work commenced on 110,000 new cars.
This was in addition to 20,000 that were 50% complete at the start of the month. At the end of October there
were 40,000 cars that were 50% complete.
Costs for October were:
Brought forward
Incurred this period
$132,000 (
If this factory chooses the weighted-average method of spreading costs, what is the cost per car for October
production?
a
1200
S000
11,000
121,000
1320
Answer:
11000 is the correct answer
Why are 4 of 1K plants not working for all Americans
The main reason for the 1KP project is to better understand the genes from over 1,000 plant species.
What Is the 1,000 plants (1KP) project?This refers to the project that was made with the initiative of making a sequence and analysis of over 1,100 different plant species by plant biologists.
Hence, we can see that your question is unclear as the 1KP project has to do with the sequencing and analysis of plant life, so the question of why "4 of 1k plants are not working for Americans" is unclear, hence, the general overview of the 1KP project.
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Conrad, Incorporated recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records.
Cost of Goods Sold $ 71,000
Work-in-Process Inventory, Beginning 12,900
Work-in-Process Inventory, Ending 10,200
Selling and Administrative Expense 18,000
Finished Goods Inventory, Ending 18,300
Finished Goods Inventory, Beginning ?
Direct Materials Used ?
Factory Overhead Applied 13,200
Operating Income 14,660
Direct Materials Inventory, Beginning 11,540
Direct Materials Inventory, Ending 6,420
Cost of Goods Manufactured 65,640
Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The Chief Financial Officer of Conrad, Incorporated has asked you to recalculate the following accounts and to report to him by the end of the day.
What is the amount of direct materials used?
The amount of direct materials used by Conrad, Incorporated is $29,940.
Calculating the cost of production:The cost of goods manufactured is given as the beginning WIP plus direct labor, materials, and overhead costs, less ending WIP.
When the cost of goods manufactured is given, it is possible to compute any missing entry (e.g. the cost of direct materials) from the above equation.
Data and Calculaitons:Work-in-Process Inventory, Beginning 12,900
Factory Overhead Applied 13,200
Direct labor = $19,800 ($13,200 x 1.5)
Work-in-Process Inventory, Ending 10,200
Computation of the Direct Materials Costs:Debit Credit
Work-in-Process Inventory, Beginning $12,900
Factory Overhead Applied 13,200
Direct labor 19,800
Direct materials 29,940
Cost of Goods Manufactured $65,640
Work-in-Process Inventory, Ending 10,200
Totals $75,840 $75,840
Thus, the amount of direct materials used by Conrad, Incorporated is $29,940.
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one word below appears in color. what is opposite of that word
Answer:
colourless is the opposite of color
list four souces to find information about occupations, employers, and specific jobs
Answer:
Books
graphics
journals
articles