Yes, I agree with the accountant's suggestion because outsourcing the production of Part X will save the McGraw Company a significant amount of money.
The calculation is as follows:
The present total cost of manufacturing Part X internally:
Direct materials = $45,000
Direct labor = $90,000
Variable manufacturing overhead = $30,000
Fixed manufacturing overhead = $135,000
Total costs = $300,000
Manufacturing cost per unit of Part X is $60 ($300,000 ÷ 5,000 units)
An outside supplier is offering to supply Part X for $54 per unit.
To determine the amount of fixed manufacturing overhead that will be eliminated, we must first calculate the total amount of fixed overhead per unit.
Fixed manufacturing overhead = $135,000
Fixed overhead per unit = $135,000 ÷ 5,000 units = $27 per Unit
Elimination of fixed manufacturing overhead = $27 x 5,000 units ÷ 3 = $45,000 per year
The cost of purchasing Part X from an outside supplier is $54 per unit, so the annual cost of purchasing 5,000 units of Part X is $54 x 5,000 = $270,000.
The total annual cost of outsourcing the production of Part X will be $270,000.
This is $30,000 less than the total cost of manufacturing Part X internally.
Therefore, the company should outsource the production of Part X.
Learn more about product cost at:
https://brainly.com/question/32547194
#SPJ11
Joe’s Quikmart has just installed a new software that automatically links the cash register to the inventory and general ledger files. This software is most likely:
a) A POS system.
b) An EDI system.
c) An e-commerce system.
d) A master file maintenance system.
The software that Joe’s Quikmart has just installed is most likely a POS (Point of Sale) system. Option a is correct.
A POS system is a software and hardware solution that helps businesses manage their sales process. A POS system is used to process payments and record transactions. They also help businesses to manage inventory and customer data. The integration of POS software into businesses can help them to streamline their sales processes and increase their revenue.
A POS system is responsible for several tasks, like processing payments, recording transactions, managing inventory, generating reports, and managing customer data.
Therefore, a is correct.
Learn more about software https://brainly.com/question/32393976
#SPJ11
1. what do we call the specific link that exists between a firm strategy and its selection process?
-Strategic workforce planning
-recruitment and placement
-strategy human resources management
2. which of this following can never be used to frame a BFOQ defense?
-relegion
-gender
-race
1. We call the specific link that exists between a firm strategy and its selection process as strategic human resources management.
Strategic human resources management is the specific link that exists between a firm strategy and its selection process. The organization's human resource strategies are guided by its overall business strategy and objectives.
The HR department's strategic role includes developing policies, procedures, and practices that align with the organization's objectives, support its strategic direction, and respond to the challenges of a rapidly changing business environment. The aim of strategic human resources management is to ensure that the firm has a high-performance workforce that is motivated, competent, and capable of meeting the organization's strategic goals.
2. The term religion can never be used to frame a BFOQ defense. A Bona Fide Occupational Qualification (BFOQ) is a job requirement that is essential to the performance of a particular job and allows employers to make employment decisions based on certain protected characteristics.
Employers can use BFOQ defenses to discriminate based on protected characteristics such as age, gender, and race, but they cannot use BFOQ defenses to discriminate based on religion. Discrimination based on religion is prohibited under Title VII of the Civil Rights Act of 1964.
Learn more about human resource development here.
https://brainly.com/question/29871347
#SPJ11
A company sells its product subject to a warranty that covers the cost of parts for repairs during the six months after the date of sale. Warranty costs are estimated to be 6% of sales. During the month of June, the company performed warranty work using $12,000 worth of parts for the warranty repairs. The total sales for June were equal to $450,000.
1. Record the warranty expense for the month of June.
2. Record the cost of the warranty work completed in June.
1. Warranty Expense $27,000, Estimated Warranty Liability $27,000. 2. Estimated Warranty Liability $12,000, Cash (or Inventory, if applicable) $12,000.
1. To record the warranty expense for the month of June, we will use the estimated warranty cost rate of 6% of sales.
Date: June 30, 2023
Warranty Expense $27,000
Estimated Warranty Liability $27,000
We calculate the warranty expense by multiplying the total sales for June ($450,000) by the estimated warranty cost rate (6%):
Warranty Expense = $450,000 × 6% = $27,000
The warranty expense is recognized as an expense on the income statement, and a corresponding liability, known as the Estimated Warranty Liability, is recorded on the balance sheet. This liability represents the estimated cost of future warranty claims.
2. To record the cost of the warranty work completed in June, we will decrease the Estimated Warranty Liability by the actual cost of the parts used for warranty repairs.
Date: June 30, 2023
Estimated Warranty Liability $12,000
Cash (or Inventory, if applicable) $12,000
The cost of the warranty work completed in June is $12,000, representing the actual cost of the parts used for the repairs. We reduce the Estimated Warranty Liability by this amount since the company has fulfilled its warranty obligation.
Learn more about Warranty Expenses:
brainly.com/question/29988012
#SPJ4
richard assumed that income is a key determinant of homeownership attainment. he then developed a specific testable expectation that households who have high income tend to have higher homeownership than low income households. this expectation is known as a/an:
The expectation is known as a hypothesis.
The expectation that households with high income tend to have higher homeownership than low-income households is an example of a hypothesis. In the scientific method, a hypothesis is a proposed explanation or prediction that can be tested through empirical observation and data analysis.
Hypotheses play a crucial role in scientific research as they provide a framework for investigation and allow researchers to make specific predictions about the relationship between variables.
In this case, the hypothesis suggests that income is a key determinant of homeownership attainment, and it predicts that households with higher income will have higher rates of homeownership compared to low-income households.
To test this hypothesis, researchers would typically gather data on household income levels and homeownership rates.
They would then analyze the data to determine if there is a statistically significant relationship between income and homeownership. Various statistical techniques can be employed to assess the strength and significance of the relationship, such as correlation analysis or regression modeling.
It is important to note that a hypothesis is not an absolute truth but rather a proposed explanation that requires empirical evidence to support or refute it. The testing of hypotheses allows researchers to evaluate the validity and generalizability of their expectations and contributes to the advancement of knowledge in a particular field.
In the context of homeownership and income, empirical studies have indeed found a positive association between income and homeownership rates. Higher-income households tend to have a greater likelihood of owning homes compared to lower-income households.
However, it is essential to consider that other factors, such as access to credit, housing market conditions, and cultural preferences, can also influence homeownership rates and need to be taken into account when interpreting the results.
In conclusion, the expectation that households with high income have higher homeownership rates than low-income households is known as a hypothesis.
Through empirical research and data analysis, researchers can evaluate the validity of this hypothesis and gain a better understanding of the relationship between income and homeownership attainment.
For more question on expectation visit:
https://brainly.com/question/31391249
#SPJ11
On November 1, 2019. Norwood borrows $440,000 cash from a bank by signing a five-year installment note bearing 7% interest. The
note requires equal payments of $107.312 each year on October 31.
Required:
1. Complete an amortization table for this installment note.
2. Prepare the ournal entries in which Norwood records the following:
(a) Accrued interest as of December 31, 2019 (the end of its annual reporting period)
(b) The first annual payment on the note.
To complete the amortization table for the installment note, we need to calculate the interest expense, principal payment, and remaining balance for each year.
Here's the completed table:
Year | Beginning Balance | Payment | Interest Expense | Principal Payment | Ending Balance
2019 | $440,000 | - | - | - | $440,000
2020 | $440,000 | $107,312 | $30,800 | $76,512 | $363,488
2021 | $363,488 | $107,312 | $25,446 | $81,866 | $281,622
2022 | $281,622 | $107,312 | $19,713 | $87,599 | $194,023
2023 | $194,023 | $107,312 | $13,580 | $93,732 | $100,291
2024 | $100,291 | $107,312 | $7,021 | $100,291 | $0
Now, let's prepare the journal entries for Norwood for the two given transactions:
(a) Accrued interest as of December 31, 2019:
Date Account Title Debit Credit
Dec 31 Interest Expense $30,800
Interest Payable $30,800
This entry records the accrued interest expense for the two months (November and December) since the loan was taken out. The Interest Expense account is debited, and the Interest Payable account is credited.
(b) The first annual payment on the note:
Date Account Title Debit Credit
Oct 31 Interest Payable $25,446
Notes Payable $81,866
Cash $107,312
This entry records the payment made on the note on October 31, 2020. The Interest Payable account is debited for the accrued interest, the Notes Payable account is debited for the principal payment, and Cash is credited for the total payment made.
These journal entries properly record the accrual of interest and the first annual payment on the installment note for Norwood.
Visit here to learn more about amortization:
brainly.com/question/29643279
#SPJ11
esfandairi enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.35 million. the fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. the project is estimated to generate $1,669,000 in annual sales, with costs of $641,000. if the tax rate is 24 percent, what is the ocf for this project? (do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
The Operating Cash Flow (OCF) for the project is approximately $1,753,853.
To calculate the Operating Cash Flow (OCF) for the project, we need to consider the annual sales, costs, depreciation, and taxes. Here's how we can calculate it step by step:
Calculate the annual depreciation expense:
Since the fixed asset is depreciated straight-line to zero over its three-year tax life, the annual depreciation expense would be:
Depreciation expense = Initial fixed asset investment / Tax life
Depreciation expense = $2,350,000 / 3 = $783,333.33 (rounded to the nearest cent)
Calculate the taxable income:
Taxable income = Annual sales - Annual costs - Depreciation expense
Taxable income = $1,669,000 - $641,000 - $783,333.33 = $244,666.67 (rounded to the nearest cent)
Calculate the taxes:
Taxes = Taxable income * Tax rate
Taxes = $244,666.67 * 0.24 = $58,479.9992 (rounded to the nearest cent)
Calculate the Operating Cash Flow (OCF):
OCF = Annual sales - Annual costs - Taxes + Depreciation expense
OCF = $1,669,000 - $641,000 - $58,480 + $783,333.33
OCF = $1,753,853.33 (rounded to the nearest whole number)
Therefore, the Operating Cash Flow (OCF) for this project is approximately $1,753,853.
Learn more about operating cash flow here:
brainly.com/question/17001006
#SPJ4
Evaluating Alternative Notes A borrower has two alternatives for a loan: (1) issue a $630,000, 90-day, 9% note or (2) issue a $630,000, 90-day note that the creditor discounts at 9%. Assume a 360-day
The interest expense for option 1 is $14,175.
The interest expense for Option 2 is $615,825
What is the interest expense?To calculate the interest expense for each loan alternative one can .
Option 1:
Issue a $630,000, 90-day, 9% notePrincipal = $630,000Interest Rate = 9% (0.09)Time = 90 days (convert to years: 90/360 = 0.25)So, the Interest Expense (Option 1) = Principal x Interest Rate x Time
= $630,000 x 0.09 x 0.25
= $14,175
So, for Option 2:
Issue a $630,000, 90-day note that has a creditor discounts at 9%Principal = $630,000Interest Rate = 9% (0.09)Time = 90 days (convert to years: 90/360 = 0.25)So, Discounted Amount = Principal - (Principal x Interest Rate x Time)
= $630,000 - ($630,000 x 0.09 x 0.25)
= $630,000 - $14,175
= $615,825
Therefore, the interest expense for Option 2 is $615,825
Learn more about interest expense from
https://brainly.com/question/21273548
#SPJ4
4. If the European Central Bank starts to raise its policy interest rate before the Federal Reserve starts to raise United States interest rates, what do you predict will happen to the dollar/euro exc
If the European Central Bank starts to raise its policy interest rate, it encourages foreign investment, leading to increased demand for the currency with the higher interest rate. As a result, the price of that currency strengthens compared to other currencies. In this case, it can be predicted that the euro will strengthen against the dollar.
If the European Central Bank (ECB) raises its policy interest rate before the Federal Reserve (Fed) starts to raise interest rates in the United States, it can have implications for the dollar/euro exchange rate.
When interest rates rise, it encourages foreign investment, leading to increased demand for the currency with the higher interest rate. As a result, the price of that currency strengthens compared to other currencies. In this case, it can be predicted that the euro will strengthen against the dollar.
A higher interest rate in the eurozone would make the euro more attractive to foreign investors and central banks, resulting in an increased demand for euros. This heightened demand would drive up the value of the euro relative to the dollar. Consequently, it may lead to a decrease in U.S. imports, which can be beneficial for the U.S. economy. However, it may also result in a decrease in the value of U.S. exports, as a stronger euro makes them more expensive.
To summarize, if the European Central Bank raises its policy interest rate ahead of the Federal Reserve, it can lead to a stronger euro and a weaker dollar, affecting trade dynamics between the United States and the eurozone.
Learn more about European Central Bank
https://brainly.com/question/32291496
#SPJ11
what modeler flow includes data management capabilities and visualization
The modeling flow that includes data management capabilities and visualization is commonly referred to as the "Data Modeling" flow. In this flow, the process involves managing and organizing the data, performing data transformations and manipulations, building the model using appropriate algorithms or techniques, and finally visualizing the results.
Data management capabilities encompass tasks such as data acquisition, data cleaning, data integration, and data preprocessing. These steps ensure that the data used for modeling is of high quality and suitable for analysis.
Visualization plays a crucial role in understanding and interpreting the modeling results. It helps in presenting the findings in a meaningful and intuitive way, enabling stakeholders to gain insights and make informed decisions based on the model's output.
By combining data management capabilities and visualization, the modeling flow becomes more comprehensive, allowing for effective data exploration, model development, and result communication.
Learn more about Data Modeling
brainly.com/question/31576173
#SPJ11
Tableau is an advanced business intelligence and data visualization tool that provides data management capabilities alongside visualization. It enables users to import, clean, prepare, and manage data, and express it in visual forms like charts, graphs, and maps.
Explanation:Many data modeling tools exist, but not all of them provide both data management capabilities and visualization. A software that does include both of these features is Tableau. Considered an advanced business intelligence and data visualization tool, it provides a way to visually observe business analytics.
In Tableau, data can be imported from various sources, analyzed, and then expressed in a variety of visual forms such as charts, graphs, and maps. It's user-friendly, allowing anyone to analyze their data and find meaningful insights. Furthermore, Tableau also provides data management capabilities, enabling you to clean, prepare, and manage your data within the platform. So, for a mix of data management and visualization, Tableau can be a good choice.
Learn more about Tableau here:https://brainly.com/question/36639341
1. Journalize each of the following transaction in the General Journal provided 2. Create appropriate T-Accounts for the General Journal above 3. Post T-Accounts to a Trial Balance Transaction 1: On January 1, 2011, Carol Finlay formed a new interior-design business by investing $10,000 of her personal funds into the business. The cash was deposited into a bank account opened under the name of Finlay Interiors. The following transactions took place from January 1 to January 31:
Transaction 2: On January 1, Finlay Interiors used $2,500 of its cash to purchase supplies Transaction 3: On January 1, Finlay Interiors purchased additional supplies at a cost of $1,100 and furniture at a cost of $6,000, ON CREDIT from CanTech Supply Company. Finlay Interiors will pay for the supplies in 30 days, but has arranged to pay for the furniture by signing a note payable. Transaction 4: On January 10, Finlay Interiors provided consulting services to a dentist and immediately collected $2,200 cash. Transaction 5: On January 10, Finlay Interiors paid $1,000 rent for the month of January. Transaction 6: On January 14, Finlay Interiors paid $700 salary to the business's only employee. Transaction 7: On January 14, a customer and Carol Finlay sign a $65,000 contract that requires Finlay Interiors to do the interior design for an office building currently under construction. Finlay Interiors is expected to perform the services during February and March.
Transaction 8: On January 15, Finlay Interiors provided consulting services and rented furniture to a customer and billed the customer $1,600 for the consulting services and $300 for the rental of the office furniture.
Transaction 9: On January 25, 10 days after billing the customer in transaction #8, received full payment from that customer. Transaction 10: On January 25, Finlay Interiors paid $900 of the amount owing to CanTech Supply Company. Transaction11: Carol Finlay withdrew $600 cash from the business for her PERSONAL use.
Transaction 1 Journal Entry:Cash: $10,000Capital: $10,000Explanation:When a business is formed, the owner/s often invest personal funds or other assets into the business.
In this case, Carol Finlay has invested $10,000 of her personal funds into the business, and this is recorded as a capital contribution.Transaction 2 Journal Entry:Supplies: $2,500Cash: $2,500Explanation:Finlay Interiors used $2,500 of its cash to purchase supplies.Transaction 3 Journal Entry:Supplies: $1,100Furniture: $6,000Accounts Payable: $7,100Explanation:Finlay Interiors has purchased additional supplies and furniture at a cost of $7,100, ON CREDIT from CanTech Supply Company.
Transaction 4 Journal Entry:Cash: $2,200Consulting Revenue: $2,200Explanation:On January 10, Finlay Interiors provided consulting services to a dentist and immediately collected $2,200 cash.Transaction 5 Journal Entry:Rent Expense: $1,000Cash: $1,000Explanation:On January 10, Finlay Interiors paid $1,000 rent for the month of January.
To know more about funds visit:
https://brainly.com/question/20383417
#SPJ11
Which of the following is NOT a topic included in the social responsibility audit focus?
A) open communication
B) treatment of employees
C) leadership
D) management structure
The topic that is NOT included in the social responsibility audit focus is "management structure." The correct option is D.
A social responsibility audit is a procedure that evaluates a firm's commitment to corporate social responsibility. It is a technique for determining whether a company's management has implemented responsible business practices that are compliant with international standards. The following topics are typically included in a social responsibility audit focus:
Open communication: Assessing how a business communicates and interacts with stakeholders to foster transparency and cooperation.Treatment of employees: Evaluating the quality of life of employees and their working conditions.Leadership: Examining how a business's leadership demonstrates its commitment to corporate social responsibility.Management structure is not included in the social responsibility audit focus. It is an internal organizational component that can influence a company's ability to implement and maintain responsible business practices. However, it is not typically evaluated during a social responsibility audit.
To know more about management structure visit:
https://brainly.com/question/31949118
#SPJ11
The Director of Jonat Enterprise hires labour (L) and rents capital equipment (K) in a competitive market to produce chocolate pellets. At the moment, the wage rate of labour is GH¢2 per hour and capital is rented at GH¢5 per hour. Also, the unit price of chocolate pellets is GH¢0.75 and total cost of production is GH¢1,000. Suppose the firm’s production function (Q) follows a Cobb-Douglas specification given as: = 14K 0.5 0.5 + 10
Determine the optimal input usage and the maximum profit that Jonat Enterprise would obtain at the optimal input levels.
We are required to find out the optimal input usage and the maximum profit that Jonat Enterprise would obtain at the optimal input levels, given the following information: The wage rate of labour is GH¢2 per hour and capital is rented at GH¢5 per hour.The unit price of chocolate pellets is GH¢0.75.
The total cost of production is GH¢1,000.The firm’s production function (Q) follows a Cobb-Douglas specification given as: = 14K 0.5 0.5 + 10.To solve this question, we will start by finding out the total cost function. The total cost function will be as follows:TC = wL + rKwhere:TC is the total cost functionw is the wage rate of labourL is the quantity of labour usedr is the rental rate of capitalK is the quantity of capital used.Substituting the given values, we get:TC = 2L + 5K --- (1)The profit function (π) can be expressed as follows:π = TR - TCwhere:TR is the total revenue function.
The total revenue function (TR) can be expressed as:TR = PQwhere:P is the price per unit of output.Q is the quantity of output produced.Substituting the given values, we get:TR = 0.75Q --- (2)The production function is given as:Q = 14K0.5L0.5 + 10Substituting this value of Q in equation (2), we get:TR = 0.75(14K0.5L0.5 + 10)TR = 10.5K0.5L0.5 + 7.5 --- (3)Substituting the values of TR and TC in the profit function, we get:π = 10.5K0.5L0.5 + 7.5 - (2L + 5K)π = 10.5K0.5L0.5 - 2L - 2.5K + 7.5 --- (4)To find out the optimal input usage and the maximum profit, we will first differentiate the profit function partially with respect to L and set it to zero. We will then differentiate the profit function partially with respect to K and set it to zero. This is because profit is maximized when the partial derivatives of the function are equal to zero.Partial differentiation of equation (4) with respect to L:∂π/∂L = 5.25K0.5/L0.5 - 2 = 0Multiplying both sides by L0.5, we get:5.25K0.5/L = 2L0.5Squaring both sides of the equation:5.25K0.5L = 4LL = 1.3656K0.5 --- (5)Partial differentiation of equation (4) with respect to K:∂π/∂K = 5.25K0.5/L0.5 - 2.5 = 0Multiplying both sides by L0.5, we get:5.25K0.5/L0.5 = 2.5Squaring both sides of the equation:5.25K0.5L = 6.25K0.5K = 1.49L2 --- (6)Substituting equation (6) in equation (5), we get:L = 1.3656K0.5L = 1.3656(1.49L2)0.5L = 1.8184L1.5Solving for L, we get:L = 10.53 hours --- (7)Substituting equation (7) in equation (6), we get:K = 1.49L2K = 1.49(10.53)2K = 221.53 hours2 --- (8)Substituting equations (7) and (8) in equation (1), we get:TC = 2(10.53) + 5(221.53)TC = GH¢1,154.65Substituting equations (7) and (8) in equation (3), we get:TR = 0.75(14(221.53)0.5(10.53)0.5 + 10)TR = GH¢1,319.10Substituting TR and TC in equation (4), we get:π = GH¢164.45Therefore, the optimal input usage for labour and capital is 10.53 hours and 221.53 hours2, respectively. The maximum profit that Jonat Enterprise would obtain at the optimal input levels is GH¢164.45.ANSWER: The optimal input usage for labour and capital is 10.53 hours and 221.53 hours2, respectively. The maximum profit that Jonat Enterprise would obtain at the optimal input levels is GH¢164.45.
To know more about profit visit:
https://brainly.com/question/29662354
#SPJ11
When considering an approach to production planning, implementing a chase production plan is most appropriate when:
Group of answer choices
it's relatively inexpensive to change production rates or it's very expensive or impossible to maintain inventory.
forecasted demand levels are very high.
forecasted demand levels are very low.
it's expensive to change production rates and it's relatively inexpensive to maintain inventory.
An approach to production planning, implementing a chase production plan is most appropriate when A) it's relatively inexpensive to change production rates or it's very expensive or impossible to maintain inventory.
This is because it's used when demand fluctuates regularly, as in a seasonal business. Chase production plan is a production planning strategy that entails producing only what is required to meet customer demand within a certain period, known as the chase period.
Chase Production Plan - A chase production plan is a production plan that involves adjusting the workforce's size or production rate to meet fluctuating demand levels. The chase plan is used when the quantity demanded fluctuates regularly, as in a seasonal business. Because of the varying demand for items, the firm's production schedule must be adjusted regularly. The chase plan can be used to meet these changing requirements and ensure that the firm's inventory levels are kept to a minimum.
Therefore, implementing a chase production plan is most appropriate when it's relatively inexpensive to change production rates or it's very expensive or impossible to maintain inventory.
To know more about Chase visit :
brainly.com/question/13463224
#SPJ11
Lucy and Haley own a vast amount of land in Blacksburg. Virginia. On the property is a diamond mine. You know what their motto is: "Diamonds ARE a girl's best friend." Also, in their spare time, they grow grapes. You know what their other motto is: "Fruit on the vine, there's plenty of wine." Josh contracts with Lucy and Haley to sever/mine the diamonds for six months at $500 per pound of diamonds mined, which is the fair market rate. Jake agrees with Lucy and Haley to buy their grapes for his wine company, "Tres Cheap." O Josh's contract with Haley and Lucy is governed by the UCC and Jake's contract is governed by Common Law. Josh's contract with Haley and Lucy is governed by Common Law and Jake's contract is governed by the UCC. Josh's contract nor Jake's contract with Haley and Lucy is governed by the UCC. Josh's contract and Jake's contract are governed by Common Law. Both contracts are illegal, void, because they do not meet the requirements of Hamer v. Sidway. Jake's contract and Josh's contract Lucy and Haley are governed by the UCC. 4
Josh's contract with Lucy and Haley is governed by the UCC, while Jake's contract with Lucy and Haley is governed by Common Law.
The UCC (Uniform Commercial Code) governs contracts for the sale of goods, which includes movable items that are tangible and personal property, such as diamonds and grapes. The UCC provides rules and regulations that apply to the sale and purchase of goods.
In this scenario, Josh's contract involves the mining of diamonds, which can be considered a sale of goods under the UCC. Therefore, his contract with Lucy and Haley falls under the purview of the UCC.
On the other hand, Jake's contract is for the purchase of grapes from Lucy and Haley, which can also be considered a sale of goods. However, the question states that Jake's contract is governed by Common Law, indicating that it does not fall under the UCC.
It's important to note that the UCC and Common Law have different rules and provisions for contracts, including requirements for formation, performance, remedies, and other related aspects. Therefore, the contracts between Josh and Lucy/Haley and Jake and Lucy/Haley are subject to different legal frameworks.
Learn more about UCC (Uniform Commercial Code): https://brainly.com/question/15980446
#SPJ11
Need help please
Please graph
Graphically show how each of the following events affect nominal
interest rates. (a) Recession hits the economy (b) Federal Reserve
tries to decrease the asset prices
During a recession or economic downturn, nominal interest rates tend to decrease as demand for borrowing and investment declines. This is because businesses and individuals are less willing or able to take on debt or make new investments. Conversely, during periods of economic growth and expansion, nominal interest rates may increase as demand for borrowing and investment rises.
(a) Recession hits the economy:
During a recession, there is a decrease in economic activity, which typically leads to a decrease in the demand for borrowing and investment. This can be represented graphically as a leftward shift in the demand for loanable funds curve (DLF). The decrease in demand for loanable funds leads to a decrease in the equilibrium nominal interest rate.
(b) Federal Reserve tries to decrease asset prices:
When the Federal Reserve tries to decrease asset prices, it does so by implementing contractionary monetary policy measures such as selling government bonds or raising interest rates. This leads to a decrease in the money supply and an increase in the cost of borrowing. Graphically, this can be represented as a leftward shift in the supply of loanable funds curve (SLF). The decrease in the supply of loanable funds leads to an increase in the equilibrium nominal interest rate.
Learn more about recession economy https://brainly.com/question/1417711
#SPJ11
.Yukelson Company owns the building occupied by its administrative office. The office building was reflected in the accounts at the end of last year as follows:
Cost when acquired $ 363,000
Accumulated depreciation (based on straight-line depreciation, an estimated life of 50 years, and a $33,000 residual value) 72,600
During January of this year, on the basis of a careful study, management decided that the total estimated useful life should be changed to 30 years (instead of 50) and the residual value reduced to $22,500 (from $33,000)). The depreciation method will not change.
Required:
1. Compute the annual depreciation expense prior to the change in estimates.
2. Compute the annual depreciation expense after the change in estimates.
3. What will be the net effect of changing estimates on the balance sheet, net income, and cash flows for the year?
1, Prior to the change in estimates, the annual depreciation expense is $6,600. 2, After the change in estimates, the annual depreciation expense is $11,350. 3, The net effect of changing estimates is a decrease in accumulated depreciation, lower net income, and potential impact on cash flows due to tax implications.
1, To compute the annual depreciation expense prior to the change in estimates, we use the straight-line depreciation method:
Annual depreciation expense prior to the change:
Depreciable cost = Cost when acquired - Residual value = $363,000 - $33,000 = $330,000
Annual depreciation expense = Depreciable cost / Useful life = $330,000 / 50 = $6,600
2, To compute the annual depreciation expense after the change in estimates, we use the revised useful life and residual value:
Depreciable cost = Cost when acquired - Residual value = $363,000 - $22,500 = $340,500
Annual depreciation expense = Depreciable cost / Useful life = $340,500 / 30 = $11,350
3, The net effect of changing estimates on the balance sheet, net income, and cash flows for the year can be summarized as follows:
Balance Sheet: The net effect on the balance sheet is a decrease in the accumulated depreciation amount. The accumulated depreciation will be lower after the change due to higher annual depreciation expenses.
Net Income: The net income will be lower in the year of the change due to the higher annual depreciation expense.
Cash Flows: The cash flows for the year will not be directly affected by the change in estimates. However, the higher annual depreciation expense may impact cash flows indirectly by reducing taxable income and potentially lowering tax payments.
To know more about Cash flow:
https://brainly.com/question/27994727
#SPJ4
a. Using the AD/AS framework, EXPLAIN carefully what would happen to the United States economy given what is happening in the Japanese economy. Which curve in the US AD/AS graph is directly impacted and how? (5 points) b. What specific FISCAL policies could the government could use to help the United States return to both short-run and long-run equilibrium given the situation you described in a? (4 points) Are these expansionary or contractionary fiscal policies? (1 points) c. Based on the fiscal policy you proposed in (b), explain carefully which curve is directly impacted and what happens to that curve. (5 points) d. Explain carefully WHY this fiscal policy would most likely create a budget deficit or a budget surplus in the year the fiscal policy in b was implemented. (5 points) e. Based on your answer to a, would the Federal Open Market Committee (FOMC) order raising or lowering the interest rate in the federal funds market (its operating target)? (4 points) f. To hit the operating target (raising/lowering the federal funds rate), the Federal Reserve will change its 'administered rates.' List the interest rates the Federal Reserve controls (administers) (3 points) and whether the Fed would raise or lower each rate to reach the operating target set by the FOMC (3 points) Using the AD/AS framework, this question asks about how what is happening in a foreign economy might impact the U.S. economy. As a starting point, assume that the U.S. is currently in both short-run and long-run equilibrium. Japan is experiencing a strong economy and strong growth. Japan's GDP and income is rising.
The strong economy and growth in Japan would lead to an increase in US aggregate demand, requiring expansionary fiscal policies to stimulate the economy, resulting in a budget deficit. Consequently, the Federal Open Market Committee would lower interest rates to maintain economic stability.
a. Given the strong economy and growth in Japan, it is expected that there will be an impact on the United States economy. Using the AD/AS framework, the curve that is directly impacted in the US AD/AS graph is the Aggregate Demand (AD) curve. The increase in Japan's GDP and income will lead to higher demand for US goods and services, resulting in an increase in US exports. This will cause a rightward shift of the AD curve, indicating an increase in aggregate demand in the United States.
b. To help the United States return to both short-run and long-run equilibrium, the government could implement expansionary fiscal policies. This can include increasing government spending on infrastructure projects or providing tax cuts to stimulate consumer spending. These policies would boost aggregate demand, leading to increased output and employment in the short run.
c. The curve directly impacted by the expansionary fiscal policies is the Aggregate Demand (AD) curve. The increase in government spending or tax cuts will result in an upward shift of the AD curve, indicating an increase in aggregate demand. This will lead to higher output and price levels in the economy.
d. The implementation of expansionary fiscal policies is likely to create a budget deficit in the year they are implemented. This is because the increase in government spending or reduction in taxes will result in higher expenditures, while tax revenues may not immediately increase to offset the additional spending. As a result, the government will have to borrow to cover the deficit.
e. Based on the given information, the Federal Open Market Committee (FOMC) would most likely order lowering the interest rate in the federal funds market. The increase in aggregate demand resulting from the strong Japanese economy would lead to inflationary pressures. To counteract this, the FOMC would aim to lower interest rates to reduce borrowing costs and encourage investment and consumption.
f. The Federal Reserve controls/administers several interest rates, including the federal funds rate, discount rate, and reserve requirements. In this case, to lower the interest rate in the federal funds market, the Fed would lower the federal funds rate, lower the discount rate, and potentially adjust reserve requirements to increase the money supply and stimulate economic activity.
Know more about Economy here:
https://brainly.com/question/18461883
#SPJ11
During 2015, USF Company self-constructed some specialized equipment. They incur the following expenses related to construction of the asset through 2015: Date Amount 2/28/2015 $1,200,000 4/30/2015 $2,100,000 6/30/2015 $1,000,000 8/31/2015 $3,000,000 12/31/2015 $2,000,000 The company had the following debt outstanding at December 31, 2015: 1.) $3,000,000, 10%, 5-year note specifically borrowed to finance construction of equipment dated January 1, 2015, with interest payable annually on December 31 2.) $5,000,000, 12%, ten-year bonds issued at par on December 31, 2009, with interest payable annually on December 31 3.) $2,500,000, 9%, 3-year note payable, dated January 1, 2014, with interest payable annually on December 31 How much of the total actual interest incurred in 2014 will USF expense?
The amount of total actual interest incurred in 2015 that USF will expense is $810.000
How to calculate interest expense?The calculation of interest expense is done by multiplying the interest rate by the carrying value of the bond or note.
Interest expense = Interest rate × Carrying value of bond or note (i.e., face value minus any unamortized discount or plus any unamortized premium).
For this problem, the interest expense is calculated as follows:
For item 1:
Interest = $3,000,000 × 10% = $300,000
Interest to be expensed in 2015 = $300,000 × 1/5 = $60,000
For item 2:
Interest = $5,000,000 × 12% = $600,000
Interest to be expensed in 2015 = $600,000 × 1 = $600,000
For item 3:
Interest = $2,500,000 × 9% = $225,000
Interest to be expensed in 2015 = $225,000 × 2/3 = $150,000
Therefore, the total actual interest incurred in 2015 that USF will expense is $60,000 + $600,000 + $150,000 = $810,000
Learn more about actual interest at:
https://brainly.com/question/32765721
#SPJ11
1. Record the following transactions in the CASH BOOK for the month of January 2017. Balance off all accounts as at 31 January 2017. Jan 1 Started business with RM10,500 cash 2 Put RM9,000 of the cash into a bank account 3 Bought goods for cash RM500 Paid rent using check RM2,000 7 Bought office equipment for RM170, paid using check 10 Received payment from Sara for RM800. Money is banked in. 12 Owner include personal expenses in the business cash for RM260. Bought a machine worth RM5000, paid 25% of total cost by check 15 and the remaining amount will be paid on the following month. 18 Hadi, paid his debt, RM140 cash. 20 A check worth RM3,400 was issued to pay family's travelling expenses. 22 Supplier returned a check for RM20 for a payment wrongly charged. 25 Paid utilities bill for RM180 using cash.
The solution to the given question is as transaction follows:DateParticularsLFAmount(RM)1-JanCashA/Cdr10500To CapitalA/Ccr10500(Being the business started with cash)2-JanCashA/Cdr9000To Bank A/Ccr9000(Being cash deposited into the bank)3-JanPurchases.
A/Cdr500To Cash A/Ccr500(Being purchases made in cash)Rent A/Cdr2000To Bank A/Ccr2000(Being rent paid through check)7-JanOffice Equipment A/Cdr170To Bank A/Ccr170(Being office equipment purchased through check).
Machinery A/Cdr1250To Bank A/Ccr1250(Being 25% paid through check)15-Jan Machinery A/Cdr3750To Bank A/Ccr3750(Being remaining amount of machinery to be paid next month)18-JanDebtors A/Cdr140To Cash A/Ccr140(Being Hadi paid his debt in cash)20-Jan. Travelling Expenses A/Cdr3400To Bank A/Ccr3400(Being check issued to pay family's traveling expenses)22-JanCash A/Cdr20To Supplier A/Ccr20(Being supplier returned a check for payment wrongly charged)25-JanUtilities A/Cdr180To Cash A/Ccr180(Being utilities bill paid in cash)Note: No balance was given in the question. So, no balance is given.
To know more about Transaction visit:
https://brainly.com/question/32613483
#SPJ11
Question 3 Which of the following statements is correct about the accounting equation? OA. Economic resources = Creditors' claims - Stockholders' claims. B. Economic resources = Creditors' claims + Stockholders' claims. c. Economic resources + Creditors' claims = Stockholders' claims. D. Creditors' claims = Economic resources + Stockholders' claims. Question 3 Which of the following statements is correct about the accounting equation? OA. Economic resources = Creditors' claims - Stockholders' claims. B. Economic resources = Creditors' claims + Stockholders' claims. c. Economic resources + Creditors' claims = Stockholders' claims. D. Creditors' claims = Economic resources + Stockholders' claims. Question 3 Which of the following statements is correct about the accounting equation? OA. Economic resources = Creditors' claims - Stockholders' claims. B. Economic resources = Creditors' claims + Stockholders' claims. c. Economic resources + Creditors' claims = Stockholders' claims. D. Creditors' claims = Economic resources + Stockholders' claims. Question 3 Which of the following statements is correct about the accounting equation? OA. Economic resources = Creditors' claims - Stockholders' claims. O B. Economic resources = Creditors' claims + Stockholders' claims. O c. Economic resources + Creditors' claims = Stockholders' claims. D. Creditors' claims = Economic resources + Stockholders' claims.
The correct statement about the accounting equation is:
B. Economic resources = Creditors' claims + Stockholders' claims.
This statement corresponds to the fundamental accounting equation:
Assets = Liabilities + Stockholders' Equity
What are Economic resources"Economic resources" correspond to "Assets" - what the company owns.
"Creditors' claims" correspond to "Liabilities" - what the company owes to others.
"Stockholders' claims" correspond to "Stockholders' Equity" - the ownership interest of stockholders in the company.
So, the total economic resources (Assets) of the company are equal to the sum of the creditors' claims (Liabilities) and the stockholders' claims (Stockholders' Equity).
Read more on Economic resources here:https://brainly.com/question/11983306
#SPJ4
If Domino's Pizza knows that the marginal cost of the 500th pizza is $3.50 and that the average total cost of making 499 pizzas is $3.3, then ___
a average total costs are rising at Q - 500 b. average total costs are falling at Q - 500 c total costs are falling at Q - 500 d. average variable costs must be falling
If Domino's Pizza knows that the marginal cost of the 500th pizza is $3.50 and that the average total cost of making 499 pizzas is $3.3, then average total costs are falling at Q - 500. The correct answer is (b).
This can be determined by the relationship between the marginal cost and the average total cost.
Marginal Cost (MC) is the additional cost of producing one more unit (in this case, one more pizza). Given = $3.50 for the 500th pizza
Average Total Cost (ATC) is the total cost per unit, calculated by dividing the total cost by the quantity produced. Given: average total cost of making 499 pizzas is $3.3.
If the marginal cost is less than the average total cost, it indicates that producing an additional unit (the 500th pizza) has a lower cost than the average cost of the previous units. This means that the ATC is falling as the quantity produced increases.
For more information about Marginal Cost, refer
https://brainly.com/question/32126253
#SPJ4
When employees have a conflict of interest between their personal compensation and provision of truthful financial statements to shareholders, the securities regulator, such as the Securities Exchange Commission, should shut down such financial companies. the external auditors should take the word of the employees and the management about the value of such securities. the accounting standards' supervisory board should be required to audit such financial companies. the board of directors should approve clear policy guidelines and monitor their enforcement to combat such conflicts. CO
When employees have a conflict of interest between their personal compensation and provision of truthful financial statements to shareholders, the board of directors should approve clear policy guidelines and monitor their enforcement to combat such conflicts.
When employees have a conflict of interest between their personal compensation and provision of truthful financial statements to shareholders, the board of directors should approve clear policy guidelines and monitor their enforcement to combat such conflicts. This is a situation where the employees, specifically in financial companies, are inclined to either provide less truthful financial statements or even resort to fraud to obtain compensation that is more personal. As a result, shareholders and securities regulators may be harmed. In such situations, it is important that the company takes steps to combat conflicts of interest by implementing clear policy guidelines for their employees. These guidelines should outline what behavior is expected of the employees, as well as the penalties that will be imposed if they breach these policies.
In addition, the board of directors should monitor the implementation of these policies to ensure that they are being followed correctly. This way, the interests of the company's shareholders and the securities regulators will be protected. In general, there are a few measures that could be taken in order to ensure that the risk of conflict of interest is minimized. For example, external auditors should take the word of the employees and the management about the value of such securities. However, if there are concerns about potential conflicts of interest, the accounting standards' supervisory board should be required to audit such financial companies.
In conclusion, to reduce the risk of conflicts of interest, the board of directors of a financial company should approve clear policy guidelines and monitor their implementation. The accounting standards' supervisory board should be involved to audit the company's financial statements when there are concerns about potential conflicts of interest. The external auditors should continue to evaluate the company's financial statements but should take precautions in instances where they detect any conflicts of interest. This is essential for maintaining transparency and protecting the interests of shareholders and securities regulators.
To know more about shareholders visit: https://brainly.com/question/28170754
#SPJ11
Explain one (1) main reason why riba is haram (not allowed) in Islam. Relate the reason with the objectives and purpose of shariah (Islamic law).
One main reason why Riba (interest) is considered haram in Islam is that it contradicts the objectives and purpose of Shariah, specifically the principles of justice, social welfare, and economic fairness.
One main reason why Riba (interest) is considered haram (not allowed) in Islam is that it goes against the objectives and purpose of Shariah (Islamic law), particularly the principles of justice and social welfare.
Islamic law aims to establish a just and equitable society where the well-being and welfare of individuals and the community are prioritized. Riba, in the form of charging or paying interest on loans or financial transactions, is seen as exploitative and unjust. It creates an imbalance in financial relationships by allowing lenders to profit without engaging in real economic activities or taking on risks.
Riba is seen as a form of oppression, as it benefits the wealthy and powerful at the expense of the less fortunate. It perpetuates inequality and concentrates wealth in the hands of a few, leading to social and economic disparities. Islamic law seeks to promote fairness, equality, and social cohesion, and riba contradicts these principles by fostering an unfair distribution of wealth and exacerbating financial inequalities.
Additionally, riba undermines the concept of mutual assistance and cooperation in Islamic society. It discourages the practice of helping others in need through interest-free loans or charitable acts. Islam encourages individuals to support each other and engage in economic activities that are beneficial to society as a whole.
By prohibiting riba, Islam seeks to ensure economic justice, prevent exploitation, and promote a balanced and fair financial system. The prohibition of Riba is rooted in the broader objectives of Shariah, which aim to establish a just and prosperous society where the economic well-being of individuals and the community are harmonized with spiritual values and ethical principles.
Learn more about Islamic law from the link given below.
https://brainly.com/question/11489285
#SPJ4
Consider an exchange economy with two market participants A and B, and two goods x and y . Their initial endowments (ω Ax, ω Ay = (3, 15), and (ω Bx, ω By ) = (7, 5), and their utilities are U A (x A, y A ) = x A yA^2 and U B (x B, y B ) = x B y B + y B
1-Draw the Edgeworth box representing this exchange economy, the initial endowments, and the Pareto improving allocations.
2- Define the equation for the contract curve, and draw the contract curve and the core of this economy.
3-Find the price ratio for an optimal allocation in this economy
Edgeworth box: An Edgeworth box can be used to represent the trading opportunities for two parties.
This is also used to show Pareto improvements. An Edgeworth box shows two people's endowments on the top and right axes. It also shows the set of Pareto-optimal allocations. A Pareto improvement occurs when both parties' welfare improves by trading. This is achieved by exchanging goods at a price that both parties agree on.
When two parties are trading, the Edgeworth box represents the constraints they face. Each point in the box corresponds to a certain allocation of goods between the two people. When goods are reallocated from one person to another, the total welfare of the two parties increases.
To know more about Edgeworth visit:-
https://brainly.com/question/32627147
#SPJ11
what does the ge approach suggest about the relationship between awl’s strategic objectives and its promotional plans?
The General Electric (GE) approach is a strategic planning tool used to assess a company's market position and potential profitability. It suggests that a company should evaluate its business portfolio by analyzing two factors: market attractiveness and the company's competitive strength.
The GE approach proposes that a company should invest in business units that have the potential for both high market attractiveness and strong competitive advantage, while divesting business units that do not meet these criteria. In other words, a company should allocate resources to businesses that are most likely to generate profit and growth, and divest businesses that are unlikely to do so.
In terms of the relationship between AWL's strategic objectives and its promotional plans, the GE approach suggests that AWL should focus its promotional plans on business units that are most likely to generate profit and growth. This means that AWL should evaluate its business portfolio using the GE approach and allocate its promotional resources accordingly.
For example, if AWL has a business unit with high market attractiveness and strong competitive strength, it should allocate more promotional resources to that business unit than to a business unit with low market attractiveness and weak competitive strength.
In conclusion, the GE approach proposes that a company should invest in business units that have the potential for both high market attractiveness and strong competitive advantage, while divesting business units that do not meet these criteria. This approach can help AWL to align its strategic objectives with its promotional plans by allocating its promotional resources to business units that are most likely to generate profit and growth.
To learn more about strategic planning click here:
https://brainly.com/question/17924318#
#SPJ11
The Podrasky Corporation is considering a $250 million expansion (capital expenditure) program next year. The company currently has $400 million in net fixed assets on its books. Next year, the company expects to earn $80 million after interest and taxes. The company also expects to maintain its present level of dividends, which is $10 million. If the expansion program is accepted, the company expects its inventory and accounts receivable each to increase by approximately $30 million next year. Long-term debt retirement obligations total $7 million for next year, and depreciation is expected to be $70 million. The company does not expect to sell any fixed assets next year. The company maintains a cash balance of $5 million, which is sufficient for its present operations. If the expansion is accepted, the company feels it should increase its year-end cash balance to $7 million because of the increased level of activities. For planning purposes, assume no other cash flow changes for next year. Calculate how much additional financing (if any) will be required if the company decides to go through with the expansion program.
Explanation :
The company, Podrasky Corporation, has to consider the amount of additional financing required if it decides to go through the expansion program. The given information that can be used to find out the amount of additional financing is as follows:
Net fixed assets= $400 million
After-tax Earnings (net income after interest and taxes) = $80 million
Dividends = $10 million
Increase in inventory = $30 million
Increase in accounts receivable = $30 million
Long-term debt retirement obligations = $7 million
Depreciation = $70 million
Cash balance = $5 million
Required cash balance (after expansion) = $7 million
To calculate the additional financing required, we will use the equation of cash flow.
Cash Flow = Earnings After Taxes (EAT) + Depreciation - Increase in Net Fixed Assets - Increase in Accounts Receivable+ Increase in Inventory - Long-Term Debt Retirement Obligations - Dividends
Substitute the given values, we have,Cash Flow = $80 + $70 - (Increase in Net Fixed Assets) - $30 + $30 - $7 - $10
For the net fixed assets, we will add the expansion cost of $250 million to the present net fixed assets of $400 million, which gives $650 million.Cash Flow = $150 million - (Increase in Net Fixed Assets) – $10 million Cash balance after expansion = $7 million
So, additional cash balance needed is $7 - $5 million = $2 million
Now, to find out the amount of additional financing required, we will add the increase in net fixed assets to the additional cash balance needed.Net increase in net fixed assets = $650 million - $400 million = $250 million
Additional financing required = $250 million + $2 million = $252 million
Therefore, the amount of additional financing that Podrasky Corporation will need is $252 million.
Learn more about Cash Flow here https://brainly.in/question/37561727
#SPJ11
Ashley's Flower Market had the following uransactions during2022-
1. Issued $50,000 of par value ordinary shares for cash. 2. Repaid a 8 year note payable in the amount of $22,000.
3. Acquired land by issuing ordinary shares of par value $100,000.
4. Declared and paid a cash dividend of $2,000,
5. Sold a non-current investment (cost $42,000) for cash of $6,000.
6. Acquired an investment in IBM shares for cash of $12,000.
What is the net cash flow from investing activities
1To calculate the net cash flow from investing activities, we sum up the net cash flows from all the relevant investing transactions:
Net cash flow from investing activities = (-$100,000) + (-$36,000) + (-$12,000) = -$148,000.
Therefore, the net cash flow from investing activities for the given transactions is -$148,000.
1. Issued $50,000 of par value ordinary shares for cash: This transaction does not involve investing activities and will be reflected in the financing section of the cash flow statement. Therefore, it is not considered for calculating the net cash flow from investing activities.
2. Repaid a 8-year note payable in the amount of $22,000: This transaction represents a repayment of a liability and does not involve investing activities. It will be reflected in the financing section of the cash flow statement and is not considered for calculating the net cash flow from investing activities.
3. Acquired land by issuing ordinary shares of par value $100,000: This transaction involves the acquisition of a non-current asset (land) by issuing ordinary shares. Since it is a cash outflow for the acquisition of an investment, it is considered an investing activity. The net cash flow from this transaction is -$100,000.
4. Declared and paid a cash dividend of $2,000: This transaction represents a distribution of profits to the shareholders and is classified as a financing activity. It does not impact the net cash flow from investing activities.
5. Sold a non-current investment (cost $42,000) for cash of $6,000: This transaction involves the sale of a non-current investment, resulting in a cash inflow. The net cash flow from this transaction is $6,000 - $42,000 = -$36,000.
6. Acquired an investment in IBM shares for cash of $12,000: This transaction involves the acquisition of an investment in IBM shares, representing a cash outflow. The net cash flow from this transaction is -$12,000.
for more questions on cash flow
https://brainly.com/question/735261
#SPJ11
A customer's check for $1.290 was returned for nonsufficient funds. Which of the following journal entries is needed to adjust for the NSF check? 1,290 O A. Cash Sales Revenue 1,290 1,290 O B. NSF Check Cash 1,290 O C. Accounts Receivable 1,290 Cash 1,290 1,290 O D. Accounts Payable Cash 1,290
Accounts receivable 1,290 Cash 1,290 NSF You need 1,290 of the following journal entries to match the check.
Option c is correct .
If a customer's check is returned for insufficient funds, it means that payments previously recorded as receivable must be reversed. The correct way to reflect this adjustment is to debit the customer's account to reduce the amount owed by the customer and credit the cash account to reverse the payment.
It contains journal entries Accounts Receivable 1,290 (debit) and Cash 1,290 (credit), which are good entries to match the NSF check.
Hence , Option c is correct .
to know more about journal entries visit:
https://brainly.com/question/20421012
#SPJ4
ABC Ltd. has provided the following figures for two investment projects, only one of which be chosen. may Project X Project Y $ $ 100,000 100,000 25,000 15,000 2 30,000 35,000 3 35,000 40,000 20,000 Estimated resale value at end of year 4 10,000 30,000 15,000 Initial outlay Profit for year 1 Profit is calculated after deducting straight line depreciation. The business has a cost of capital of 3%.
Based on the NPV criterion, Project Y is the more financially attractive option.
To calculate the net present value (NPV) for each project, we discount the cash flows using the cost of capital of 3% and subtract the initial outlay from the present value of the cash flows. The project with the higher NPV is considered more financially attractive.
For Project X:
NPV_X = -$100,000 + ($0 / (1 + 0.03)^1) + ($5,000 / (1 + 0.03)^2) + ($10,000 / (1 + 0.03)^3) + ($85,000 / (1 + 0.03)^4)
NPV_X ≈ -$100,000 + $4,854 + $9,505 + $17,257 + $73,940
NPV_X ≈ $5,556
For Project Y:
NPV_Y = -$100,000 + (-$5,000 / (1 + 0.03)^1) + ($15,000 / (1 + 0.03)^2) + ($20,000 / (1 + 0.03)^3) + ($110,000 / (1 + 0.03)^4)
NPV_Y ≈ -$100,000 - $4,854 + $14,560 + $18,735 + $101,637
NPV_Y ≈ $30,078
Comparing the NPVs, we find that Project Y has a higher NPV of $30,078 compared to Project X's NPV of $5,556. Therefore, based on the NPV criterion, Project Y is the more financially attractive option.
Know more about Investment Projects here:
https://brainly.com/question/14185705
#SPJ11
certainly, the most unpopular method of evaluation used in organizations today is the graphic rating scale. t/f
Certainly, the most unpopular method of evaluation used in organizations today is the graphic rating scale - True (T)
A graphic rating scale is a kind of performance appraisal technique that assesses an employee's performance on various criteria using a predetermined list of attributes. It is also one of the most frequently used appraisal methods by organizations.
A graphic rating scale is used to evaluate an employee's performance by scoring them based on various predetermined criteria. The scale includes certain criteria that are critical to the success of a specific job and are often divided into categories like quality, productivity, punctuality, attendance, communication, and teamwork.
Despite its popularity and widespread use, the graphic rating scale has many limitations. It is frequently criticized for being subjective and open to bias since it allows the supervisor to assess performance using personal criteria. The score given by the supervisor may not correspond to an employee's actual job performance due to bias or other factors and because of its numerous limitations and potential for bias, which make it a less reliable method for evaluating an employee's performance.
To know more about graphic visit :
brainly.com/question/30247850
#SPJ11