Answers
Answer:
Explanation:
debit Unearned Revenue 200
credit Revenues 200
To realize one month of insurance premium revenue
Related Questions
Consider the assembly line of a laptop computer. The line consists of 11 stations and operates at a cycle time of 1.50 minutes/unit. Their most error-prone operation is step 2. There is no inventory between the stations, because this is a machine-paced line. Final inspection happens at station 11.
Required:
What would be the information turnaround time for a defect made at station 2?
Answers
Answer: 13.5 minutes
Explanation:
Information turnaround time = Cycle time * Number of stations after error is made.
The most error-prone operation is step 2 so assuming an error happens there, there will be 9 more stations in the line.
Information turnaround time will therefore be:
= 1.50 * 9
= 13.5 minutes
Slipper Company sold a productive asset, a machine, for cash. It originally cost Slipper $29,000. The accumulated depreciation at the date of disposal was $24,000. A gain on the disposal of $2,900 was reported. What was the asset's selling price
Answers
Answer:
$7,900 = selling price
Explanation:
Giving the following information:
Original cost= $29,000
Accumulated depreciation= $24,000
Gain= $2,900
First, we will determine the book value:
Book value= original cost - accumulated depreciation
Book value= 29,000 - 24,000 = $5,000
Now, the selling price:
Gain/loss= selling price - book value
2,900= selling price - 5,000
$7,900 = selling price
Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Receivable Accounts Payable Common Stock Equipment Dividends How many of the above accounts have a normal debit balance
Answers
Answer:
Explanation:
Cash, utilities expense, salaries expense, accounts receivable, equipment, dividends
A not-for-profit art museum that has elected to capitalize its art collection receives a donation of a rare piece of Native-American art. The donor paid $10,000 for the piece several years ago. Today the piece has an estimated value of $50,000. What entry should the museum make upon receipt of this donation
Answers
Answer and Explanation:
No journal entry is required as the art museum has been elected so it is not capitalized also the value is increased i.e. from $10,000 to $50,000 so we should not capitalized it
So for this there is no requirement of passing the journal enry
Hence, the same is to be considered
The premiums for 3 month call and put options on euros are listed below: Strike price Call Put $1.25 $0.06 $0.02 The interest rate in dollars is 4% per annum. (That will be 1% for a 3 month period.) What is the 3 month ahead forward rate that is consistent with put call parity
Answers
Answer:
1.2904
Explanation:
S + P = C + X/(1+r)^n
S = ?, P = Premium of put 0.02, C = Premium of call 0.06, X = Strike price (1.25), r = 4%, n = 1.25 (3/12)
S + 0.02 = 0.06 + 1.25/(1.04)^0.25
S = 0.06 + 1.2378 - 0.02
S = 1.2778
F = S(1+r)^n
F = 1.2778*(1.04)^(3/12)
F = 1.2778*1.009853
F = 1.2903901634
F = 1.2904
So, the 3 month ahead forward rate that is consistent with put call parity is 1.2904.
Herrod Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $550 per month plus $104 per job plus $20 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in December to be 12 jobs and 121 meals, but the actual activity was 7 jobs and 126 meals. The actual cost for catering supplies in December was $3,550. The spending variance for catering supplies in December would be closest to:
Answers
Answer:
$148 F
Explanation:
Calculation to determine what The spending variance for catering supplies in December would be closest to:
Flexible budget $3,698
[$550 + ($104 * 7) + ($20 * 121)]
Less Actual results $3,550
Spending variance $148 F
Therefore The spending variance for catering supplies in December would be closest to: 148 F
In analyzing present and future values of lump sums, the larger the interest rate and the larger the number of periods, the _________
Answers
Answer:
THE SMALLER THE PRESENT VALUE
Explanation:
The smaller is any future value.
The larger is any present value.
The smaller is any present value.
The smaller is any future value interest factor.
Let us illustrate with the following scenarios
1. 500 is to be received in 2 years. Interest rate is 10%. Present value is 413.22
2. 500 is to be received in 2 years. Interest rate is 20%. Present value is 347.22
3. 500 is to be received in 4 years. Interest rate is 10%. Present value is 341.51
It can be seen that the the larger the interest rate and the larger the number of periods
For most firms, the cost of capital decreases to a low point as the firm ________ debt financing. At some point beyond this optimal level, the cost of capital increases as the amount of debt ________.
Answers
Answer:
increases; decreases
Explanation:
In accounting, cost of capital can be regarded as cost of a company's funds which are "debt and equity" . It could also be from an investor's point of view "the required rate of return required on existing securities" of company's portfolio . cost of capital is utilized in
evaluation of new projects of a company. Debt financing which is regarded as one that take place when there is a raise of money by a company through the selling of debt instruments to investors. Debt financing takes place when fixed income products like bonds is sold by a firm. It should be noted that For most firms, the cost of capital decreases to a low point as the firm increases debt financing. At some point beyond this optimal level, the cost of capital increases as the amount of debt decreases
Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling of $11.00 on used DVDs, on the grounds that local suppliers are taking advantage of teenagers by charging exorbitant prices. a. Calculate the weekly shortage of used DVDs that will result from this policy. Instructions: Enter your response as a whole number. used DVDs. b. Calculate the new consumer surplus, the new producer surplus, and the total economic surplus lost every week as a result of the price ceiling.
Answers
Answer: Hi your question is incomplete attached below are the missing details
answer :
A) 16 used DVDs
B) i) $18
ii) $6
iii) $8
Explanation:
A) Determine the weekly shortage of used DVDs due to ceiling price = $11
shortage = Quantity demanded ( H ) - Quantity supplied ( F )
at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4
= 20 - 4 = 16 used DVDs
B) i) New consumer surplus = ADLK
ADLK = ∠ ABK + BKLD
= 1/2 * 4 * 1 ) + ( 15 - 11 )*4 = $18
ii) New producer surplus = DLE
DLE = 1/2 * 4 * ( 11-8 )
= $6
iii) Total economic surplus lost
ΔKJL = 1/2 ( 8 - 4 ) * ( 15 - 11 )
= $8
For 2020, Vaughn Manufacturing reports beginning of the year total assets of $904000, end of the year total assets of $1130000, net sales of $1050000, and net income of $199000. The rate of return on assets for Vaughn in 2020 is 15.6%. 22.0%. 17.6%. 19.6%.
Answers
true or false
2. Determining the producers preferences of products are
important when thinking of starting a business.
Answers
Explanation:
The answer is True!!!!!!!
Consider the bond (newly issued, issued on Nov 2013) for a country A: Face value $10 million Coupon rate 4.3% If this bond is purchased (in April 2014) at $9.02 million, instead of $10 million, the yield would be: Group of answer choices same as 4.3% greater than 4.3% less than 4.3%
Answers
Answer: greater than 4.3%
Explanation:
Given that
Face Value = $10 million
Current Price = $9.02 million
Coupon Rate = 4.3%
Coupon Payment per annum = $10million x 4.3% = $430,000 annually
Current yield = Annual Coupon Payment ÷ Current price of the bond
Current Yield = $430,000 ÷ 9,020,000 = 0.0476 =4.76% which is greater than 4.3%
Classifying Cash Flows Identify the type of cash flow activity for each of the following events (operating, investing, or financing). The company determines net cash flow from operating activities by the indirect method: a. Net income b. Paid cash dividends c. Issued common stock d. Issued bonds e. Redeemed bonds f. Sold long-term investments g. Purchased treasury stock h. Sold equipment i. Issued preferred stock j. Purchased buildings k. Purchased patents
Answers
Answer:
a. Operating Activity
b. Financing Activity
c. Financing Activity
d. Financing Activity
e. Financing Activity
f. Investing Activity
g. Financing Activity
h. Investing Activity
i. Financing Activity
j. Investing Activity
k. Investing Activity
Explanation:
Operating Activity any activity related to a company`s buying and selling with its suppliers and customers.
Investing Activity any activity related to buying and selling assets with other parties.
Financing Activity any activity related to raising capital or debt and the repayment of that capital and returns to holders.
On April 19, 2021, Millipede Machinery sold a tractor to Thomas Hartwood, accepting a note promising payment of $120,000 in five years. The applicable effective interest rate is 7%.
Required:
What amount of sales revenue would Millipede recognize on April 19, 2021, for the Hartwood transaction?
Answers
Answer:
$85,558.34
Explanation:
The Transaction Price will be the Present Value of the amount to be received in 5 years.
We can simply calculate the Present Value (PV) using a financial calculator as follows :
FV= - $120,000
I = 7 %
N = 5
P/YR = 1
PMT = $0
PV = ?
Entering the data as above gives a Present (PV) as $85,558.34
therefore,
Millipede will recognize an amount of sales revenue of $85,558.34
discuss how AFCFTA could be trade creating free trade area?
Answers
Explanation:
eliminate tariffs on intra-Africa trade, making it easier for businesses to trade within Africa and benefit from their own growing market; introduce regulatory measures such as sanitary standards and eliminating non-tariff barriers to trade; establish, in the future, a Common Continental Market.
Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and sales of Product A is 320 units and of Product B is 640 units. There are three activity cost pools, with total cost and activity as follows:
Total Activity
Activity Cost Pools Total Cost Product A Product B Total
Activity 1 $25,530 950 200 1,150
Activity 2 $40,140 2,000 1,600 3,600
Activity 3 $10,649 150 250 400
The activity rate for Activity 2 is closest to:
a. 11.15
b. 20.07
c. 25.09
d. 42.25
Answers
Answer:
Activity 2= $11.15
Explanation:
Giving the following information:
Total Activity Activity Cost Pools Total Cost Product A Product B Total
Activity 2 $40,140 2,000 1,600 3,600
To calculate the activity rate for Activity 2, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Activity 2= 40,140 / 3,600
Activity 2= $11.15
A major U.S. manufacturer of children's toys believes its main competitive advantage lies in its continuing the creation of innovative toys and games. The company is facing increasing competition on price, and it is strongly considering outsourcing to offshore firms as a means of reducing costs. The LAST function this firm should consider outsourcing is: Group of answer choices research and development. operations. supply-chain management. distribution.
Answers
Answer:
research and development
Explanation:
Since in the given situation, it is mentioned that the company faced the increased in the competition and also it considered an outsourcing in order to offshore the firm so that the cost can be minimized so here the last function the firm should considered outsourcing is the research and development as there is the outsourcing so there would be the research and development also it deals with innovation & introduction of new products & services
In the article, “Visual Business Intelligence”, Stephen Few claims that visualization analysis and presentation tools are important to a business decision-maker since they _____.
a.
help justify unsound decisions to upper-level management with colorful charts and graphs
b.
help him or her to see through the errors in data collection before making an erroneous decision
c.
assist in viewing the data in even finer detail so that he or she can make the most informed decision possible
d.
allow him or her to view data as an easy to understand image that might be recognized as a pattern and solved without costly data analysis
Answers
Answer:
Explanation:
C
The Nash equilibrium of this game is for Tying-the-Knot to set alow price and Bridezilla-No-More to set alow price. True or False: Both firms would be worse off if they cooperated and set a high price for their services, instead of using the Nash equilibrium. True False Suppose that the firms play this game indefinitely. Both firms agree to cooperate in order to maintain higher profits. To deter cheating, Tying-the-Knot announces that it will play a grim strategy. Given this strategy, what will happen if Bridezilla-No-More breaks the cooperative agreement in the first period
Answers
Answer:
Tying-the-Knot and Bridezilla-No-More
1. The Nash equilibrium of this game is for Tying-the-Knot to set a low price and Bridezilla-No-More to set a low price.
True
2. Both firms would be worse off if they cooperated and set a high price for their services, instead of using the Nash equilibrium.
False
3. Given Tying-the-Knot grim strategy, if Bridezilla-No-More breaks the cooperative agreement in the first period,
there will be a permanent breakdown in cooperation between the two firms.
Explanation:
Playing the grim trigger strategy, Tying-the-Knot cooperates with Bridezilla-No-More in the first round and in the subsequent rounds as long as Bridezilla-No-More does not defect from the agreement. Once Tying-the-Knot finds that Bridezilla-No-More has betrayed the agreement in the previous game, he will then defect forever. Both firms will then lose as they cannot cooperate to achieve higher profits.
Paraguay Pipes Inc. has a cost of equity of 11.1 percent, the YTM on the company's bonds is 5.7 percent, and the tax rate is 35 percent. The company's bonds sell for 93.1 percent of par. The debt has a book value of $393,000 and total assets have a book value of $947,000. If the market-to-book ratio is 2.59 times, what is the company's WACC?
Answers
Answer: 9.5978%
Explanation:
Firstly, we should note that the total book value of equity will be the difference between the total assets book value and the total debt book value which will be:
= $947,000 - $393,000
= $554,000
Then, we'll calculate the market value which will be:
= market-to-book ratio × book value
= 2.59 × $554,000
= $1,434,860
Then, the after tax cost of debt will be:
= 5.7(1 - Tax rate)
= 5.7(1 - 35%)
= 5.7(1 - 0.35)
= 5.7(0.65)
= 3.705%
Equity = $1,434,860
Debt = $393,000 × 93.1%
= $365883
Total market value = $1,800,743
WACC = Respective costs × Respective weights
= ($1,434,860/$1,800,743 × 11.1%) + ($365883/$1,800,743 × 3.705%)
= 0.08845 + 0.007528
= 0.095978
= 9.5978%
The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF):Spot............................................ $0.943230-day forward.......................... $0.948190-day forward.......................... $0.9531180-day forward........................ $0.9594a. Was the Swiss franc selling at a discount or premium in the forward market?b. What was the 30-day forward premium (or discount)?c. What was the 90-day forward premium (or discount)?d. Suppose you executed a 90-day forward contract to exchange 100,000 Swiss francs into U.S. dollars. How many dollars would you get 90 days hence?
Answers
Answer:
The Wall Street Journal Reports
a. The Swiss franc was selling at a premium in the forward market.
b. The 30-day forward premium was: $0.0049.
c. The 90-day forward premium was: $0.0099.
d. Dollars to receive from a 90-day forward contract is $95,310.
Explanation:
a) Data and Calculations:
Spot and forward rates for the Swiss franc ($/SF):
Spot............................................ $0.9432
30-day forward.......................... $0.9481
90-day forward.......................... $0.9531
180-day forward........................ $0.9594
Premium:
30-day forward.......................... $0.9481
Spot............................................ $0.9432
Premium = $0.0049
90-day forward.......................... $0.9531
Spot............................................ $0.9432
Premium = $0.0099
180-day forward........................ $0.9594
Spot............................................ $0.9432
Premium = $0.0162
Dollars to receive from a 90-day forward contract is $95,310 ($0.9531 * SF 100,000)
Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to earn a profit of $240,000. Determine the margin of safety in units, sales dollars, and as a percentage.
Answers
Answer:
a. $120
b. 5,000 units
c. 7,000 units
Explanation:
Hi, your question is incomplete, I found the full question online and uploaded text and image below.
Workings and explanations :
Contribution margin per unit = Sales - Variable Cots
= $200 - $80
= $120
Break even (units) = Fixed Costs ÷ Contribution margin per unit
= $600,000 ÷ $120
= 5,000 units
Unit Sales to achieve a target profit = (Targeted Profit + Fixed Costs) ÷ Contribution margin per unit
= ($240,000 + $600,000) ÷ $120
= 7,000 units
Margin of Safety = Expected sales - Break even Sales
Note : There is no much details about the current sales level
FULL DETAILS OF THE QUESTION IS AS FOLLOWS :
Information concerning a product produced by Ender Company appears here: Sales price per unit $ 200 Variable cost per unit $ 80 Total annual fixed manufacturing and operating costs $ 600,000
You just won the lottery! As your prize you will receive $1,200 a month for 100 months starting today. If you can earn 8% on your money, what is this prize worth to you today
Answers
Answer: $87,380.23
Explanation: n = 100
I/Y = 8%/12
PMT = 1,200
AVP = 1,200 × (1-(1/(1+0.08/12)^100))/(0.08/12) = 1,200 × 72.816858 = 87,380.23
The prize worth to a person today is $87,380.23 approx, if the person wins a lottery.
What is the present value?A financial calculation known as present value, commonly referred to as discounted value, assesses the value of a future sum of money or stream of payments in today's dollars after accounting for interest and inflation.
It contrasts the purchasing power of one dollar today with that of one dollar in the future, present value\ is computed by the following formula:
[tex]\text{Present Value} = \rm A\times {\dfrac{1-(1+\dfrac{i}{m})^n^m}{\dfrac{i}{m}}\\[/tex]
whereas:
A= Annuity
i= Interest rate
n= Number of periods
m= Periodicity
Computation of present value of the price:
Apply the given values in (1),
[tex]\text{Present Value} = \rm A\times {\dfrac{1-(1+\dfrac{i}{m})^n^m}{\dfrac{i}{m}}\\\text{Present Value} = $1,200\times {\dfrac{1-(1+\dfrac{0.08}{12})^(8.33 \times 12)}{\dfrac{0.08}{12}}[/tex]
Present Value = $87,380.23 approx.
Therefore, the prize worth to a person today is $87,380.23 approx.
Learn more about the present value, refer to:
https://brainly.com/question/17322936
#SPJ2
Investing activities do not include the: Multiple Choice Purchase of plant assets. Loaning of money in exchange for notes receivable. Issuance of common stock. Sale of plant assets. Sale of short-term investments other than cash equivalents.
Answers
Answer:
Issuance of common stock.
Explanation:
Straight-Line: Amortization of bond discount LO P2 Skip to question [The following information applies to the questions displayed below.] Legacy issues $640,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $570,443 when the market rate is 12%. Problem 14-4A
Required:
1. Prepare the January 1 journal entry to record the bonds' issuance
2. determine the total bond interest expense to be recognized over the bonds' life.
Answers
Answer:
Legacy
1. Journal Entry:
January 1:
Debit Cash $570,443
Debit Bonds Discount $69,557
Credit Bonds Payable $640,000
To record the issuance of the bonds at a discount.
2. Total bond interest expense to be recognized over the bonds' life:
= $287,160
Explanation:
a) Data and Calculations:
January 1, 2019
Face value of bonds issued = $640,000
Price of bonds = $570,443
Bonds discount = $69,557 ($640,000 - $570,443)
Coupon interest rate = 8.5%
Market interest rate = 12%
Maturity period = 4 years
Interest payment = semiannual on June 30 and December 31
With straight-line amortization of bonds discount, the semiannual amortization will be = $8,695
Semi-annual interest payment = $27,200 ($640,000 * 4.25%)
Semi-annual interest expense = $35,895 ($27,200 + $8,695)
Annual interest expense = $71,790
1. Transaction Analysis
January 1:
Cash $570,443 Bonds Discount $69,557 Bonds Payable $640,000
2. Total bond interest expense to be recognized over the bonds' life:
= $287,160 ($71,790 * 4) or ($35,895 * 8)
How might a manufacturer of automobile use a decision process to approach to better understand how consumers purchase these products?
Answers
Answer:
This is the first stage of the Consumer Decision Process in which the consumer is able to recognize what the problem or need is and subsequently, what product or kind of product would be able to meet this need. It is oftentimes recognized as the first and most crucial step in the process because if consumers do not perceive a problem or need, they generally will not move forward with considering a product purchase.
Explanation:
correct me if I'm wrong tht is correct
The exercise value is also called the strike price, but this term is generally used when discussing convertibles rather than financial options. True False
Answers
Answer:
False
Explanation:
The strike price is used at the time of trading of the options, while on the other hand the option that could be exercised is when take place when there is a delivery of the stock. Basically it means that the stock that can be predicted value and it is set by the seller of the contract. Also it is to be termed as the convertible bonds, but it should be more used for the option trading
Therefore the given statement is false
What are some of the advantages and disadvantages of mobile payment systems in (a) developed countries and (b) developing countries
Answers
Answer: Advantage of mobile payment system for developed countries
- They are directly linked to bank accounts
- People can make payment for products easily when they have the applications installed in their phones
Explanation:
We would consider the advantage and disadvantage for developed countries.
Advantage of mobile payment system for developed countries
- They are directly linked to bank accounts
- People can make payment for products easily when they have the applications installed in their phones
Disadvantages
- Due to the large amount of companies using such services it raises compatibility issues across systems
Developing countries(Advantages)
- It allows users transfer money to those they are doing business with and also friend's and family.
Disadvantages
- Due to development issues, consumer registration process is yet to be clearly figured out, making it a bit complicated.
Your great-great-grandmother left you her recipe book. It contains amazing, delicious cake recipes, and you are certain you can make a fortune with them if you just set up your bakery right. You are considering three possible designs for your bakery:
Design 1:
A factory in which assembly-line workers create low-cost, standardized cakes to be sold in grocery stores
Design 2:
A factory in which all cakes are created by machines; technology will enable you to shift from cake to cake as customer needs change
Design 3:
A personalized wedding cake business in which you will create custom delicacies for your clients
According to Joan Woodward, ____________ is classified as a continuous process production company.
a. Design 1.
b. Design 2.
c. Design 3.
Answers
Answer:
design 2
Explanation:
Joan Woodward conducted a study from 1954 - 1955 to determine the effect of organisation style on the success of the organisation
she grouped firms into 3 groups based on their level of technological complexity. the groups include :
1. Small Batch and Unit Production : this group meets small orders. they cater to the specific needs of customers
An example is a personalized wedding cake business in which you will create custom delicacies for clients
2. Large Batch and Mass Production : this group make large orders that do not meet the specific needs of customers. Most of the orders go into inventory.
An example is a factory in which assembly-line workers create low-cost, standardized cakes to be sold in grocery stores
3. Continuous Process Production : in this group, the entire production system is mechanized.
Roddy Rich is a very astute entrepreneur and wants to invest in an asset that will require high maintenance with disregard for spreading risks in the asset or the amount spent investing in asset has a potential for greater returns. He is best served investing in the following:_______
a. hedge funds
b. small cap stocks
c. mutual funds
d. growth stocks
e. Index funds
f. ETFs
Answers
Answer:
He is best served investing in the following:_______
a. hedge funds
Explanation:
Hedge funds require high maintenance cost. Hedge funds are alternative investment vehicles used by risk-tolerant investors. The hedge funds investment company pools funds from different investors into a single fund and then employs different strategies, including complex trading, sophisticated derivatives, portfolio-construction, and risk management techniques, to earn active returns and improve the pooled funds performance.