D. Analyze the consolidated financial accounts without modification and mention Jones' work. The activities and financial success of a firm are detailed in financial statements.
Financial accounts are routinely audited by government agencies, accounting firms, etc. to ensure correctness and for tax, financing, or investment reasons. The four fundamental financial statements for for-profit businesses are the balance sheet, income statement, statement of cash flow, and statement of changes in equity.
Nonprofit organizations employ a similar but different set of financial statements. Investors and financial analysts utilize financial information to evaluate a company's performance and project where the stock price will go in the future. One of the most important sources is the annual report, which provides the company's financial statements.
To learn more about financial statements visit :
brainly.com/question/24296949
#SPJ4
Micromax sells personal computers that include a two-year warranty as well as free Web-based tech services for the software installed on the computer. The product offered by Micromax is a(n) ______
mix of both goods and services.
Micromax sells personal computers that include a two-year warranty as well as free Web-based tech services for the software installed on the computer. The product offered by Micromax is a(n) mix of both goods and services.
In the field of business, goods can be described as the particular product that we sell. On the other hand, services are the facilities that we offer. Normally, a service or a good can be sold separately or together.
In the scenario mentioned in the question, Micromax is selling a good which is a personal computer. The two-year warranty as well as the software installed for web-based tech are the services that he is offering.
Hence, in the above case, Micromax is selling both goods as well as services.
To learn more about services, click here:
https://brainly.com/question/1286522
#SPJ4
ffect of transactions on cash flows state the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: retired $260,000 of bonds, on which there was $2,600 of unamortized discount, for $270,000. sold 7,000 shares of $20 par common stock for $42 per share. sold equipment with a book value of $48,100 for $69,300. purchased land for $309,000 cash. purchased a building by paying $81,000 cash and issuing a $90,000 mortgage note payable. sold a new issue of $320,000 of bonds at 99. purchased 4,400 shares of $15 par common stock as treasury stock at $29 per share. paid dividends of $2.40 per share. there were 18,000 shares issued and 3,000 shares of treasury stock. line item description effect amount a. $fill in the blank 2 b. $fill in the blank 4 c. $fill in the blank 6 d. $fill in the blank 8 e. $fill in the blank 10 f. $fill in the blank 12 g. $fill in the blank 14 h. $fill in the blank 16
The effect is cash payment and the amount is 3,32,500 is the correct answer among the options.
What Is Money?Money or coins that are legal tender can be used to pay for goods, debts, or services. Additionally, as stated by a corporation, it occasionally includes the worth of assets that can be quickly converted into cash.
Is money an asset?In a nutshell, yes—cash is the top item on a company's balance sheet and a current asset. The easiest way to acquire other assets is by using cash, which is the most liquid sort of asset. The simplicity with which an asset can be turned into cash is known as liquidity.
To know more about Cash visit:
https://brainly.com/question/10714011
#SPJ4
Cullumber Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the last part of 2025 , Cullumber had the following transactions related to notes payable. Sept. 1 Issued a
$14,400
note to Pippen to purchase inventory. The 3-month note payable bears interest of
6%and is due December 1. (Cullumber uses a perpetual inventory system.) Sept. 30 Recorded accrued interest for the Pippen note. Oct. 1 Issued a
$20,400,8%
, 4-month note to Prime Bank to finance the purchase of a new climbing wall for advanced climbers. The note is due February 1. Oct. 31 Recorded accrued interest for the Pippen note and the Prime Bank note Nov. 1 Issued a
$25,200
note and paid
$8,500
cash to purchase a vehicle to transport clients to nearby climbing sites as part of a new series of climbing classes. This note bears interest of
8%
and matures in 12 months. Nov. 30 Recorded accrued interest for the Pippen note, the Prime Bank note, and the vehicle note. Dec. 1 Paid principal and interest on the Pippen note. Dec. 31 Recorded accrued interest for the Prime Bank note and the vehicle note.
Rock climbing gear is sold by Cullumber Corporation, which also runs a facility for indoor climbing. Towards the end of 2025.
What are the acquired interests?Interest due on October 31st =(15600*7%*1/12 + 18000*8%*1/12) = 211.
Interest due on November 30th=(15600*7%*1/12) + (18000*8%*1/12) + 25200*8%*1/12, or 379.
What is Payable Interest?The amount of interest expenditure that has accrued to date but has not been paid as of the balance sheet date is represented by the liability account known as Interest Payable on a company's balance sheet.The cost and accrued interest must be recorded in your books. Debit your Interest Expense account and credit your Accrued Interest Payable account to reflect the accrued interest for a given accounting period. An illustration of Interest Due A company pays interest to a lender on a $1,000,000 loan with a 6% interest rate.
To know more about rock climbing visit:
https://brainly.com/question/27713924
#SPJ4
salespeople may use their buyers' public web sites as sources of information when classifying accounts and analyzing their territories. True or False
Answer:
true
Explanation:
problem 8-10 what is the required return on an investment with a beta of 1.2 if the risk-free rate is 1.2 percent and the return on the market is 8.1 percent? round your answer to two decimal places. % if the expected return on the investment is 14.4 percent, what should you do? since the expected return -select- than the required return, the individual -select- make the investment.
The risk-free rate of return, sometimes abbreviated to the "risk-free rate," is the rate of return on a fictitious investment with predetermined payments over a predetermined period of time.
that is presumed to fulfill all financial obligations. [1] [failed to verify] Any other investment with some risk will need to have a greater rate of return in order to persuade investors to hold it since the risk-free rate can be acquired with no risk. Market investors frequently use the yield to maturity on a risk-free bond issued by a government of the same currency, whose risks of default are so minimal as to be negligible, in practice, to deduce the risk-free interest rate in a given currency.
learn more about risk-free rate here:
https://brainly.com/question/28168891
#SPJ4
Tom Smith is the marketing manager of Food Lion, a chain of grocery stores in North Carolina. Each year, Tom is required to make a decision on whether the current advertising campaign needs to be revamped to generate the sales targets for the year. In order to help him arrive at a decision, Tom reads up on latest shopping trends of buyers, observing buying habits of customers, and reviewing daily sales figures. In this scenario, Tom is _____.
a. monitoring the decision environment
b. defining the decision problem
c. specifying decision objectives
d. diagnosing the problem
monitoring the decision environment
In order to help him arrive at a decision, Tom reads up on latest shopping trends of buyers, observing buying habits of customers, and reviewing daily sales figures. In this scenario,Tom is specifying decision objective.
Tom consults his friends and searches the internet for good deals and sales before making a dishwasher purchase.Tom is conducting information research for the purpose of consumer decision-making.The steps in a consumer's decision-making process include activities that help him decide what to buy. There are 5 steps in the consumer decision-making process, including
1.Problem identification
2.Finding information
3. An alternative assessment
4. Purchasing choice
5. Post-purchase assessment
Before deciding to buy a product, a consumer must identify a need or problem.To be able to choose the direction of his subsequent step in the decision-making process, a consumer needs to be aware of what he want
To know more about decision-making visit:
https://brainly.com/question/29672822
#SPJ4
many u.s. companies that rely on china fo production are rethinking their production strategies. the integration and coordination of logistics, purchasing, operations, and market channel
The integration and coordination of logistics, purchasing, operations, and market channel as supply chain management.
The primary management of the flow of products and services is supply chain management (SCM), which includes all the processes that turn raw materials into completed items. By streamlining the supply chain, businesses may cut back on wasteful spending and deliver items to clients more swiftly and efficiently.
Systems for effectively managing the supply chain cut down on costs, waste, and production cycle time. The industry norm is now a just-in-time supply chain, where retail sales instantly convey replenishment orders to manufacturers.
To know more about Supply chain management here-
brainly.com/question/29241738
#SPJ4
as mentioned in the text, financial ratio analysis is a key tool used by accounting, auditing, and finance professionals to do all but the following:
Analyzing financial metrics is an important tool that accounting, auditing, and finance professionals use to do more than assess supply chain profitability.
What does financial ratio analysis mean?Financial ratio analysis is the technique of comparing the relationship (or ratio) between two or more financial data from a company's financial statements. It is mainly used to make fair comparisons between different companies and industries over time.
Common financial ratios that every business should track are: 1) liquidity metrics, 2) leverage ratios, 3) efficiency metrics, 4) profitability metrics, and 5) market value metrics.
How to do a financial ratio analysis?The four key financial metrics used to analyze profitability are: Net benefit margin = net benefit divided by sales. Return on assets = net income divided by assets. Total Profitability = EBIT divided by total assets. Return on equity = net earning divided by equity capital.
To learn more about financial analysis visit:
https://brainly.com/question/14234253
#SPJ4
in this module, you will learn about the role of stock in financing a corporation. the law recognizes corporations as separate legal entities. owners invest in a corporation and receive common stock that can be bought from and sold to other investors. stock provides a number of rights, including the rights to vote, to receive dividends, to share in residual assets at liquidation, and to buy newly issued stock before it is offered to others.
The role of stock in financing a corporation is the law recognizes corporations as separate legal entities.
Owners invest in a corporation and receive common stock that can be bought from and sold to other investors. Stock provides a number of rights, including the rights to vote, to receive dividends, to share in residual assets at liquidation.
A corporation's or company's stock, as used in finance, comprises all the shares that make up its ownership. Depending on the total number of shares, one share of stock represents a fractional ownership interest in the company.
Depending on the state of the market, investors pay a certain price to purchase shares. Investors can benefit from the sale of a stock if its price increases. Investors can be forced to sell at a loss if the price drops.
To know more about Stock here
https://brainly.com/question/11453024
#SPJ4
frederick tims, a single individual, sold the following investment assets this year. asset date purchased date sold tax basis sales price 100 shares gamma incorporated 01/04/10 05/07/22 $ 5,000 $ 15,000 30 shares land incorporated 12/31/92 10/01/22 $ 75,000 $ 100,000 50 shares down corporation 05/10/14 11/01/22 $ 12,000 $ 8,000 10 shares extel incorporated 03/25/09 02/19/22 $ 17,000 $ 5,000 if frederick's preferential tax rate on adjusted capital gain is 15%, compute his tax attributable to the above sales. multiple choice $5,250 $2,850 $0 $3,450
If Frederick's preferential tax rate on adjusted capital gain is 15%, his tax attributable to the above sales is $2,850 .
As per the given question :
Frederick is a single individual sold some of his assets this year assets
Gamma incorporated tax basis is $5,000 and sale price is $15,000
Land incorporated tax basis is $75,000 and sale price is $100,000
Down corporation tax basis is $12,000 and sale price is $ 8,000
Extel incorporated tax basis is $17,000 and sale price is $5,000
now,
we have to calculate the tax on each asset
tax on each asset is (sale price - tax basis)*15%
so, tax on Gamma Incorporated is
(sale price - tax basis) * 15%
( 15,000 - 5,000) * 15 / 100
=> $1500
tax on Land incorporated is
(sale price - tax basis)*15%
( 100,000 - 75000)*15 / 100
=> $3,750
tax on Down corporation is
(sale price - tax basis) * 15%
( 8000 - 12000) *15 /100
=> $600
tax on Extel incorporated is
( sale price - tax basis ) * 15%
(17000 - 5000) * 15 / 100
=> $1800
Gamma incorporated tax $ 1500
Land incorporated tax $ 3750
Down corporation tax $ (-600)
Extel incorporated tax $ ( -1800)
the total tax of all assets are = 1500+3750+(-600)+(-1800)
=> $2850
To learn more about investment assets:
brainly.com/question/24066063
#SPJ4
proceeds from an issue of debt securities having stock purchase warrants should not be allocated between debt and equity features when group of answer choices exercise of the warrants within the next few fiscal periods seems remote. the market value of the warrants is not readily available. the warrants issued with the debt securities are non-detachable. the allocation would result in a discount on the debt security.
The debt securities' accompanying warrants are nondetachable. A stock warrant is a form of derivative that entitles the holder to purchase shares of a firm for a predetermined price within a predetermined time frame or on a predetermined date.
They are frequently distributed by businesses as a means of capital raising, employee rewards, hiring, or retention strategies. While a stock warrant and a stock option are similar in many ways, there are significant variations in their functions, eligibility requirements, and taxation. Let's examine stock warrants in detail and discuss how you may profit from them. Your financial plan's other investment decisions and when to act on a stock warrant might be guided by a financial counselor. A stock warrant is a legal agreement between a firm and a person. It grants the holder the right to trade shares of that firm at a specified price on or before a specified date.
learn more about stock warrant here:
https://brainly.com/question/24261382
#SPJ4
which of the following requires an agent to follow the instructions of the principal using reasonable care and skill in performance of the job?
According to the duty of care, an agent must carry out the principal's instructions with reasonable care and skill.
What does it mean to have a "duty of care"?The phrase "duty of care" describes a situation in which you owe it to other people to protect their health, safety, and well-being. It can be used to describe actions such as upholding secure working conditions and offering constructive criticism.
In California, the phrase "duty of care" refers to the legal obligation to take reasonable efforts to avoid harming others. In California, a plaintiff must show both of the following in order to succeed in a personal injury lawsuit: (1) that the defendant owes them a duty of care; and (2) that the defendant breached that duty.
What obligations does the agent have to the principal?The main responsibilities of an agent include acting on behalf of and being under the control of the principle, acting within the parameters of the principal's assigned authority or power, and discharging those responsibilities with due care and diligence.
Learn more about duty of care: https://brainly.com/question/29395492
#SPJ4
certain balance sheet accounts of a foreign subsidiary of orchid company have been stated in u.s. dollars as follows:
Using the subsidiary’s functional currency 1. $490,000, 2. $481,000
The primary currency in which a business transacts is called a functional currency. The foreign currencies must be converted into the functional currency because businesses deal in a variety of currencies but only report their financial statements in one.
1. The computation of the total currency which is included in the balance sheet is shown below: = Accounts receivable + Accounts receivable, long term + Land + Patents = $215,000 + $118,000 + $63,000 + $94,000 = $490,000 In this the land and patents are recorded in the historical rates
2. The computation of the total amount which is included in the balance sheet is shown below: = Accounts receivable + Accounts receivable, long term + Land + Patents = $215,000 + $118,000 + $59,000 + $89,000 = $481,000, In this all items are recorded in the current rates
To learn more about currency refer here:
https://brainly.com/question/28013130
#SPJ4
Complete Question:
Stated at Current Rates Historical Rates
Accounts receivable, current $ 215,000 $ 235,000 '
Accounts receivable, long term 118,000 125,000
Land 59,000 63,000Patents 89,000 94,000
Total 481,000 517,000
1. This subsidiary’s functional currency is the U.S. dollar. What total should Orchid’s balance sheet include for the preceding items?
2. This subsidiary’s functional currency is foreign currency. What total should Orchid’s balance sheet include for the preceding items?
rint advertisement providing survey evidence that the company is better than others is an example of the
Word-of-mouth advertising is considered the most effective form. It has the desired qualities of strong credibility, high audience attention levels, and friendly audience reception.
Marketing strategies used by businesses to encourage customers to express their levels of satisfaction with their services or goods are referred to as word-of-mouth marketing. These tactics include gifts, competitions, and sponsored influencers. Brand loyalty programs reward consumers for returning business and provide them forums to express user feedback. Word-of-mouth marketing is a strategy used to encourage casual conversations and referrals for a service or business. Essentially, the purpose of this kind of marketing is to encourage consumers to talk about your brand, item, or company. In essence, WOMM is unpaid endorsement of a brand by a consumer as a result of a favorable interaction.
To learn more about Word-of-mouth advertising click the link below:
brainly.com/question/889738
#SPJ4
megan wants to purchase a type of whole life insurance policy that will allow part of her premium to be invested in stock, bonds, or money market funds. which of the following policies should she buy?
Whole lifestyles insurance ensures payment of a dying benefit to beneficiaries in trade for level, regularly-due premium payments.
The coverage consists of a financial savings portion, referred to as the “cash value,” alongside the loss of life benefit. In the savings component, activity may accumulate on a tax-deferred basis.
What are the dangers of a total life insurance plan policy?Cons of Whole Life Insurance
Whole existence is tons more highly-priced than term life and normally more pricey than established lifestyles insurance. Whole lifestyles is a long-term investment, and it can take years to build up your cash value.
Whole lifestyles insurance plan builds money value, gives permanent coverage, and can assist construct your family's wealth over the lengthy term. These policies also offer greater ensures than other sorts of coverage, making them an choice to reflect onconsideration on for many people.
Learn more about whole life insurance policy here:
https://brainly.com/question/30048613#SPJ4_____ is the process of gathering, consolidating, updating, and enhancing the information about customers that resides in an organization's database.
The correct response is Data management, a process of obtaining, combining, updating, and improving the customer and prospect information that is stored in a company's database.
As a Company is required to comply with an increasing number of regulatory obligations, including data privacy and protection regulations like GDPR and the California Consumer Privacy Act, data management has also become more crucial.
One essential aspect of data management is database administration. After databases are set up, performance monitoring and tweaking must be done to ensure acceptable response times on database queries that users run to access the data stored in them.
A company’s Environment can become cumbersome and challenging to traverse without effective data management.
To learn more about Data management, Click here:
https://brainly.com/question/12940615
#SPJ4
in the united states, if there is a decrease in the expected inflation rate of 2%, then the short-run phillips curve will and the actual inflation rate will .
The Phillips curve illustrates that there is an inverse relationship between unemployment and inflation in the short run, but not the long run. The economy is always operating somewhere on the short-run Phillips curve (SRPC) because the SRPC represents different combinations of inflation and unemployment.
In arithmetic, an aggregate is a selection of gadgets from a set that has awesome individuals, such that the order of selection does no longer matter (not like variations). as instance, given three end result, say an apple, an orange and a pear, there are three combos of that can be drawn from this set: an apple and a pear; an apple and an orange; or a pear and an orange. greater officially, a k-aggregate of a fixed S is a subset of k wonderful elements of S. So, mixtures are identical if and best if every combination has the same members. (The association of the contributors in each set does now not count number.) If the set has n elements, the wide variety of okay-mixtures, denoted.
LEarn more about combinations here
https://brainly.com/question/28065038
#SPJ4
crm systems can raise security and ethical concerns for customers. which of the following is one of those concerns?
CRM systems may cause clients to worry about the privacy and morality of their personal information.
CRM is a tool that organizes all of your business's interactions and connections with prospective and current customers. A better business environment is the simple objective. Businesses can boost productivity, process efficiency, and client retention using a CRM system.
What 3 categories of CRM are there?
CRM systems come in three different flavors: operational, analytical, and collaborative.
Describe CRM and ERP.
Enterprise resource planning (ERP) and customer relationship management (CRM) software are effective tools that may be used by businesses and other organizations. CRM manages the data for selling, advertising, and client service.
To know more about CRM click here
brainly.com/question/13100608
#SPJ4
Shopping for a new car right after college, you are comparing car H, and car F. Suppose you strictly prefer a "cheaper" car. Car H costs $25,000 upfront (year 0) and requires an annual maintenance and gas cost of $2,000 per year. Car H has a reputation for being reliable and can last 15 years; at the end of year 15, you can trade-in car H for $5,000. • Car F costs $21,000 upfront and requires a yearly maintenance and gas cost of $2,250 per year. Car F is fun to drive, but it can only last ten years; at the end of year 10, you can trade-in car H for $3,000. 1. Assume you are using an annual discount rate of 5%. What's the total cost, in terms of the present value, of owning car H and car F, respectively? Which car is cheaper to own on a per-year basis? 2. Re-do the previous question by assuming a discount rate of 15%. Which car do you prefer now? Provide some intuition. 3. At what discount rate are you indifferent between car H and car L
In both cases Car H is cheaper to own on a per-year basis, and the person would prefer Car H.
Define Discount.A corporation will give a product or service at a reduced price as a sales discount. Learn the steps for adding discounts to invoices. A sales discount, sometimes referred to as a "discount," provides customers with a cheaper price on one or more of the products or services being offered by a firm.
(1) Total cost of H with 5% discount is $40215.64
Total cost of F with 15% discount is $48164.40
Car H is cheaper
(2) Total cost of H with 5% discount is $33033.78
Total cost of F with 15% discount is $37309.21
Car H is cheaper
To know more about Discount, visit:
https://brainly.com/question/3541148
#SPJ1
all of the following are federal covered securities except: a nyse listed issues b nasdaq listed issues c sec registered issues d registered investment company issues
Out of the choices provided above, it can be concluded that the registered investment company issues are not considered as federal covered securities. Therefore, the option D holds true.
Securities can be referred to or considered as the medium of units that are openly traded on the stock exchange. Ownership of securities gives an entitlement to buy, hold, or sell the stock that belongs to the security backed by an equity. When an investment company makes an issue of securities, the federal authorities do not cover it.
Learn more about securities here:
https://brainly.com/question/28070333
#SPJ4
Which of the following unethical behaviors violates the rights of competitors and, when government officials are involved, the right of citizens to expect that government officials will act in the best interests of the local community or nation?
a.
Greenmail
b.
Information asymmetry
c.
Utilitarianism
d.
Corruption
e.
Self-dealing
The unethical behaviors violates the rights of competitors and, when government officials are involved, the right of citizens to expect that government officials will act in the best interests of the local community or nation is option d. Corruption
Is corruption morally right or wrong?According to Anand et al. (2004), corruption is defined as immoral action that involves abusing organizational or public power and harming both organizations and society as a whole. For instance, one of the main factors contributing to poverty has been identified as corruption.
Therefore, Our faith in government to work in our best interests is damaged by corruption. Additionally, it wastes taxes or rates that were set aside for significant community projects, which means we are forced to accept subpar infrastructure or services or lose out entirely.
Learn more about Corruption from
https://brainly.com/question/472198
#SPJ1
Check all answers that apply. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Which of the following are arguements that are given to support trade barriers? O To increase exports. Foreign firms can pay lower wages. O To increase employment domestically. O To increase employment abroad.
O To prevent dumping.
The arguments in support of trade barriers are A: to increase exports C: to increase employment domestically D: to increase employment abroad.
A trade barrier refers to government-imposed constraints or restrictions on the flow of international products and services. Those constraints are sometimes obvious but are most often subtle and non-obvious. Trade barriers are often imposed in order to protect industries and workers within a country. It can be said that trade barriers can help to increase exports as well as employment rates both domestically and abroad.
You can learn more about trade barrier at
https://brainly.com/question/1326741
#SPJ4
The Markowitz model is based on several assumptions regarding investor behavior. Which of the following is NOT such any assumption?
a. Investors consider each investment alternative as being represented by a probability distribution of expected returns over some holding period.
b. Investors maximize one-period expected utility.
c. Investors estimate the risk of the portfolio on the basis of the variability of expected returns.
d. Investors base decisions solely on expected return and risk.
e. None of these are correct (that is, all are assumptions of the Markowitz model).E
Among the given statements about Markowitz model, none of them is correct (that is, all are assumptions of the Markowitz model).
What is Markowitz model and what are different assumptions?The Markowitz model, a portfolio optimization approach used in finance, aids in choosing the most effective portfolio by examining many potential portfolios containing the specified assets. The Markowitz Portfolio Theory (MPT) is based on a number of investor and market presumptions. Many of these presumptions are expressly mentioned, while others are implicit. The following fundamental presumptions serve as the foundation for Markowitz's contributions to MPT in portfolio selection:
Investors are rational- they have understandingInvestors will only take on more risk if the projected profits are larger.Investors are promptly provided with all necessary information regarding their choice of investment.At a risk-free rate of interest, investors have access to an unlimited quantity of capital for borrowing or lending.Know more about Markowitz model theory at:
https://brainly.com/question/29451514
#SPJ4
cameron loves to own and be up-to-date on the latest technological gadgets available in the market. among his friends, he is always the first to own the latest electronic gadgets. he loves trying out new products before others. cameron most likely belongs to the adopter group. group of answer choices innovator late mainstream surrogate consumer lagging early mainstream
Cameron enjoys owning and being current on the newest technical devices that are offered on the market. He always owns the newest electrical devices before his friends do. He enjoys being the first to try out new things. Cameron is a member of the early adopter generation.
According to the order in which they adopted the service, a population's five distinguishable subgroups are referred to as the "adopter group." An individual or group that employs a new product, innovation, or technology before others is referred to as an early adopter. Early adopters are more inclined to pay more for a product than later adopters will, although they are willing to do so if utilising the product boosts their social standing, increases efficiency, lowers costs, or expands market penetration.
Since the majority of people are typically hesitant to buy an item at first unless they are certain of its legitimacy, Cameron will buy a product that is being adopted by only a small part of the community. Being the first to buy a new type of technology can confer some prestige on early adopters, and businesses rely on them to provide feedback on any flaws in their products.
Learn more about Cameron here:
https://brainly.com/question/28668663
#SPJ4
assume the following: beginning finished goods inventory $ 6,000 ending finished goods inventory $ 14,000 underapplied overhead $ 3,000 adjusted cost of goods sold $ 53,000 what is the cost of goods manufactured
O $56,400 O $65,600 O $49,600 O $57,600
Consider what follows: Underapplied overhead of $3,000, beginning completed goods inventory of $6,000, ending finished goods inventory of $14,000, and adjusted cost of goods sold of $53,000. The price of producing the goods will be $57,600.
The phrase "cost of goods sold" refers to the direct costs a business incurs in producing the products it sells. The cost of the supplies and labour utilised directly to make the item is also included in this total. It doesn't include indirect expenses like those related to the sales team and distribution.
The COGS category includes costs that vary depending on how much product is produced, such as labour and raw materials. Indirect expenses that the business must cover whether or not there is production are not included. Gross profit, a metric of profitability, assesses how effectively a business manages its labour and resources throughout the production process.
To learn more about cost of goods refer here:
https://brainly.com/question/17111259
#SPJ4
which of the following describes what a company should do to create a range forward contract in order to hedge foreign currency that will be received?
A company ought to sell a decision and obtain a place on the currency with the strike value of the place that is under that of the decision.
A forward contract could be a bespoken contract between 2 parties to shop for or sell associates plus at such a value on a future date. A forward contract will be used for hedging or speculation, though its non-standardized nature makes it notably apt for hedging.
Range forward contracts made to supply settlement for funds at intervals at a variety of costs. They need to spin off market positions that create a variety for settlement at a future time. in an exceedingly vary forward contract, a merchant should take a protracted and short position through contracts.
To learn more about forward contract, visit here
https://brainly.com/question/14257898
#SPJ4
In 2019, Alliant Corporation acquired Centerpoint Inc. for $422 million, of which $62 million was allocated to goodwill. At the end of 2021, management has provided the following information for a required goodwill impairment test: Fair value of Centerpoint Inc. $ 330 million Book value of Centerpoint’s net assets (excluding goodwill) 298 million Book value of Centerpoint’s net assets (including goodwill) 360 million Required: 1. Determine the amount of the impairment loss. (Negative amount should be indicated by a minus sign. Enter your answer in millions (i.e., 10,000,000 should be entered as 10)). 2. Determine the amount of the impairment loss assuming that the fair value of Centerpoint is $392 million. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10)).
1 Impairment Loss ... million
2 Impairment Loss ... million
the answer of the first point is Impairment loss = $ 32 Million and the for the second point is no Impairment loss.
When an asset's book value exceeds its recoverable value, an impairment cost must be recorded as an expense. Asset impairment refers to a decline in an asset's quality, strength, or value. Long-lived assets like buildings, land, machinery, and equipment are considered fixed assets, also referred to as PPE (Property, Plant & Equipment). These assets are more prone to face impairment, which can be brought on by a variety of circumstances. The International Accounting Standards Board (IASB) first addressed asset impairment in IAS 16, which went into effect in 1983. IAS 36 took its position as of July 1999.
The Financial Accounting Standards Board (FASB) introduced the idea in United States GAAP in 1995 with the publication of SFAS 121.
learn more about Impairment loss here
https://brainly.com/question/14802420
#SPJ4
Planned Obsolescence has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV1 = $11.50, DIV2 = $12.00, and DIV3 = $27.50.
What is the stock price if the discount rate is 11%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Broadly speaking, prices in the inventory market are pushed by means of provide and demand. This makes the inventory market comparable to other monetary markets.
When a inventory share is sold, a client and seller exchange cash for share ownership. The fee for which the stock is bought turns into the new market price.
What is modern-day inventory price?Current charge is the most current price at which a safety was once offered on an exchange. Current price serves as a baseline for customers and sellers. Current charge is an indicator of modern value, but the actual price of the subsequent sale might also be greater or lower relying on furnish and demand.
Why share expenses are falling?The rate of a share modifications because there may be a trade in the provide and demand equilibrium. When the demand for a stock is high but furnish low, it reasons the charge of those shares to rise. Similarly, if the provide is high, but the demand is low, the share fee decreases.
Learn more about stock price here:
https://brainly.com/question/28539863#SPJ4On May 16, 20X1. Safeway Company received a 90-day, 8 percent. $9.800 interest-bearing note from Black Company in settlement of Black's past-due account. On June 30, Safeway discounted this note at Fargo Bank and Trust. The bank charged a discount rate of 13 percent. On August 14, Safeway received a notice that Black had paid the note and the interest on the due date. Required: Prepare the entries in general journal form to record these transactions. Analyze: If the company prepared a balance sheet on July 31, 20X1. how should Notes Receivable-Discounted be presented on the statement? Prepare the entries in general journal form to record these transactions. (Use 360 days a year. Round your intermediate calculations and final answers to 2 decimal places.) View transaction list Journal entry worksheet 1 2 3 > Record entry for a 90-day, 8% note accepted for past-due account. Note: Enter debits before credits. Date General Journal Debit Credit May 16, 20X1 Record entry Clear entry View general Journal Journal entry worksheet < 1 2 3 Record the entry for discounting the 90-day note at 13% Note: Enter debits before credits. Date General Journal Debit Credit June 30, 20X1 Record entry Clear entry View general journal Journal entry worksheet < 1 N 3 Record payment of discounted note receivable. Note: Enter debits before credits. Date General Journal Debit Credit Aug 14, 20X1 Record entry Clear entry View general journal Safeway Company Balance Sheet (Partial) July 31, 20X1 < General Journal Analyze
Interest-bearing Notes is the term used to describe a collection of US Treasury paper money-related emissions from the Civil War era. The grouping comprises the one- and two-year notes
issued in the denominations of $10, $20, $50, $100, $500, and $1000 that were permitted by the Act of March 3, 1863. These notes paid interest at a 5% annual rate, were legal tender at face value, and bore interest at a 5% annual rate. The early civil war treasury notes, which matured in either sixty days or two years and carried interest at 6%, and the seventy-thirties, which matured in three years and bore interest at 7.3%, though none of these latter issues had legal tender status, are also commonly included in the grouping. [2] Compound interest treasury notes are sometimes included in reference books used by coin collectors.
learn more about Interest-bearing Notes here:
https://brainly.com/question/28098296
#SPJ4
a business's s corporation status is automatically terminated if . the corporation's form 1120-s is filed late without a valid extension. all shares in the corporation are acquired by one shareholder. the number of shareholders exceeds 100. the corporation adopts a 52-53-week year.
A vote by the shareholders is required in order to voluntarily terminate the status of an S corporation. To end an S corporation's status, all shareholders who hold fifty percent of the outstanding stock must agree.
Can an S Corporation use a different year-end?Unless the S corporation can demonstrate a legitimate business reason for using a different tax year, it is usually required to use the calendar year. The 15th of the third month following the end of the tax year is the due date. Check out the instructions for the U.S. Income Tax Return for an S Corporation, Form 1120-S.
How would I change over from S Corp to C Corp?For changing your company's tax status from S corporation to C corporation, the IRS does not provide a standard form. Instead, all that is required is a consent signed by more than half of your corporation's shareholders and a written statement that must be filed with the appropriate IRS service center.
To learn more about S corporation here
https://brainly.com/question/29740585
#SPJ1