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Answer:
Hope this may help you
Related Questions
Torino Company has 2,700 shares of $10 par value, 6.0% cumulative and nonparticipating preferred stock and 27,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:
Answers
Answer: $2240
Explanation:
Preferred shareholders have priority over the income of a company as they're paid dividends before the common shareholders. The common stockholders are the ones that are paid last after the preferred shareholders and creditors have all been paid.
The dividend on the preferred shares will be calculated as:
= 2700 × 10 × 6%
= 2700 × 10 × 0.06
= 1620
Tge dividend in arrears fir the first year will be calculated as:
= 1620 - 1000
= 620
Dividend for the second year will be:
= 1620
Dividend that'll be paid to preferred shareholders will be:
= $620 + $1620
= $2240
Ban Co purchased 50, 5% Waylan Company bonds on January 1, 2016 for $50,500 cash Interest is payable annually on January 1 the January 1, 2017 annual interest payment would include a:__________.
a. debit to Interest Revenue for $2,500 B.
b. credit to Interest Revenue for $2,525
c. The entry to record C credit to Interest Receivable for $2,500 D.
d. credit to Debt Investments for $2.525
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Answer:
a. debit to Interest Revenue for $2,500
Explanation:
Based on the information given we were told that Ban Company made a purchased of 50, 5% Waylan Company bonds for the amount of $50,500 which is a cash Interest that is payable annually which means that the annual interest payment would include a: DEBIT to Interest Revenue for $2,500 calculated as :
Interest Revenue=[(50 x $1,000)×5%]
Interest Revenue=$50,000×0.05
Interest Revenue =$2,500
Multiple Choice Question The following selected information pertains to Wilson Company. Current liabilities: $100; long-term liabilities: $150; contributed capital: $120; retained earnings: $50; accumulated other comprehensive income: $20. The company's debt to equity ratio (rounded to two digits after the decimal point) is
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Answer:
The debt to equity ratio is 1.32
Explanation:
The computation of the debt to equity ratio is shown below;
Debt to equity ratio is
= Debt ÷ equity
where, Debt is long term + current liabilities
And, the equity is contributed capital + retained earnings + other incomes
= ($100 + $150) ÷ ($120 + $50 + $20)
= $250 ÷ $190
= 1.32
Hence, the debt to equity ratio is 1.32
A broad differentiation strategy works best in situations where Select one: A. buyers have a low degree of bargaining power and purchase the product frequently. B. buyers incur low costs in switching their purchases to rival brands. C. technological change is slow-paced and new or improved products are infrequent. D. buyer needs and uses of the product or service are diverse. E. buyer needs and uses of the product or service are very similar.
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Answer:
D. buyer needs and uses of the product or service are diverse.
Explanation:
broad differentiation strategy helps company to stand out among her competitors, it involves development of business strategy to carry out activities in the company to increase productivity and low production cost in the company.
It should be noted that broad differentiation strategy works best in situations where buyer needs and uses of the product or service are diverse.
Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after reviewing it, which she thinks is a waste of time and effort. Kayleigh believes that having the name of the employee who requested the materials should be enough. Is she correct?
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Answer: B : No, approval by an individual other than the requestor establishes greater accountability over inventory.
Explanation:
The purpose of reviewing the material requisition slips is to ensure that there is greater accountability in inventory acquisition and this is why it is important that someone else apart from the person requesting approves the inventory request as it will reduce chances of fraud.
If the person requesting could also approve, there is a chance that inventory that is not needed will be ordered and then used for purposes other than to benefit the business but to benefit the person who requested it.
Costello Corporation reported pretax book income of $500,900. During the current year, the reserve for bad debts increased by $6,800. In addition, tax depreciation exceeded book depreciation by $40,900. Finally, Costello received $3,450 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be:
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Answer:
Deferred income tax expense = $7,161
Explanation:
Given:
Bed debts increase = $6,800
Depericiation increase = $40,900
Tax-exempt life insurance = $3,450
Computation:
Assume tax rate = 21%
Taxable difference = 40,900 - 6,800
Taxable difference = 34,100
Deferred income tax expense = 34,100 × 21%
Deferred income tax expense = $7,161
On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $52 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $46 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $62 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should finally take the third step of recording a sales transaction with a gain of:
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Answer:
Transaction gain = $16 million
Explanation:
Given:
Purchase amount = $52 million
December 31, 2021, bonds value = $46 million
October 3, 2022, bonds sold = $62 billion
Computation:
Using multi-step approach
Transaction gain = October 3, 2022, bonds sold - December 31, 2021, bonds value
Transaction gain = $62 million - $46 million
Transaction gain = $16 million
Why is the global health organization important?
Answers
The World Health Organization (WHO) plays an essential role in the global governance of health and disease; due to its core global functions of establishing, monitoring and enforcing international norms and standards, and coordinating multiple actors toward common goals.
Hope this helps!
Seth, Pete, Cara, and Jen form Kingfisher Corporation with the following consideration:Consideration Transferred Basis to Transferor Fair Market Value Number of Shares IssuedFrom Seth—Inventory $30,000 $96,000 30*From Pete—Equipment ($30,000 of depreciation taken by Pete in prior years)45,000 99,000 30**From Cara—Proprietary process 15,000 90,000 30From Jen—Cash 30,000 30,000 10*Seth receives $6,000 in cash in addition to the 30 shares.**Pete receives $9,000 in cash in addition to the 30 shares.a. Seth’s recognized gain or loss. Identify the nature of any such gain or loss.b. Seth’s basis in the Kingfisher Corporation stock.c. Kingfisher Corporation’s basis in the inventory.d. Pete’s recognized gain or loss. Identify the nature of any such gain or loss.e. Pete’s basis in the Kingfisher Corporation stock.f. Kingfisher Corporation’s basis in the equipment.g. Cara’s recognized gain or loss.h. Cara’s basis in the Kingfisher Corporation stock.i. Kingfisher Corporation’s basis in the proprietary process.j. Jen’s recognized gain or loss.k. Jen’s basis in the Kingfisher stock.
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Answer:
A. Ordinary gain of $6,000
B.$30,000
C. $36,000
D. $9,000
E. $45,000
F.$54,000
G. NO recognized gain or loss for Cara’s.
H. $15,000
I.$15,000
J. NO gain or loss on the transfer
K. $30,000
Explanation:
a. Based on the information given we were told that Seth’s receives the amount of $6,000 in cash in addition to the already 30 shares which means that Seth had ordinary gain of $6,000
b. Calculation for Seth’s basis in the Kingfisher Corporation stock
Using this formula
Seth’s basis= (Inventory basis+Gain Recognized)-Boot received
Let plug in the formula
Seth’s basis=($30,000 + $6,000)–$6,000
Seth’s basis=$36,000-$6,000
Seth’s basis=$30,000
c. Calculation for Kingfisher Corporation’s basis in the inventory
Using this formula
Kingfisher basis(Inventory)=Inventory basis+ Gain Recongnized
Let plug in the formula
Kingfisher basis(Inventory)=$30,000+$6,000
Kingfisher basis(Inventory)=$36,000
d.Pete’s recognized gain or loss will be the amount of $9,000 which is the amount of cash received
e. Calculation for Pete’s basis in the Kingfisher Corporation stock
Using this formula
Pete’s basis=(Equipment basis+ Gain recognized)- Boot received
Let plug in the formula
Pete’s basis=($45,000+$9,000)-$9,000
Pete’s basis=$54,000-$9,000
Pete’s basis=$45,000
f. Calculation for Kingfisher Corporation’s basis in the equipment
Using this formula
Kingfisher basis(Equipment)=Pete Equipment basis + Gain Recongnized by Pete
Let plug in the formula
Kingfisher basis(Equipment)=$45,000+$9,000
Kingfisher basis(Equipment)=$54,000
g. Based on the information given NO recognized gain or loss for Cara’s.
h. Based on the information given Cara will have a basis of the amount of $15,000 in the Kingfisher Corporation stock.
i. Based on the information given Kingfisher Corporation would as well has a basis of the amount of $15,000.
j.Jen’s has No recognized gain or loss on the transfer
k. Based on the information given Jen’s basis in the Kingfisher stock will be the amount of $30,000.
The Coca-cola company reported its 1Q-2014 results on or before April 12,204
a. True
b. False
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Jackie is often surprised when she goes to other countries to learn that people do business so differently. For instance, in meetings Jackie is used to getting straight to the point and addressing any relevant issues. However, she has learned that in many countries businesspeople take the time to first make small talk and ask about the family before finally getting down to business. To Jackie this seems to make the meetings unnecessarily long and wastes valuable time. These cultural differences seem strange to Jackie because she is relying on her:________ a. self-reference principle b. international bias c. self-reference criterion d. cultural relativism e. ethical perspectives
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Answer:
Self reference criterion ( C )
Explanation:
The cultural differences seem strange to Jackie because she is relying on her self reference criterion
self reference criterion is the influence one's culture will have on the person when the person is exposed to a situation that is suppose to portray the culture the person is used to, but the situation portrays a different culture, hence based on her cultural values and experience she believes that small talks makes the meeting unnecessarily long
Which approach describes how leaders act?
a. Trait.
b. Skills.
c. Leader-member exchange.
d. Behavioral
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Answer:
d. Behavioral
Explanation:
Behavioral approach defines how a leader interact with its followers. It also includes the actions of a leader towards its followers.
In behavioral approach to leadership, anyone can become a leader if they want to, but such leader trainings and observations for effective leadership. The behavioral approach centers on interpersonal relationship between a leader and its followers. There is also an aspect of behavioral approach - task behavior which focuses on workers achieving set targets at workplace while relationship behavior help workers feel safe and comfortable by their leaders in their place of work.
Many checking accounts offer multiple ways of accessing money in addition to checks. Which of these can be used to access money in a checking account? A) debit card B) credit card C) certificate of deposit D) passbook
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Answer:
A, debit card
Explanation:
The correct option is A.
The following information regarding the debit card is:
The debit card is the card where the funds for the amount with respect to the purchased should be considered for the checking account. By this we can do shopping, travelling, etc.The products should be purchased to the maximum balance mentioned in the account.Learn more: brainly.com/question/17429689
At the beginning of 2021, Angel Corporation began offering a two-year warranty on its products. The warranty program was expected to cost Angel 5% of net sales. Net sales made under warranty in 2021 were $194 million. Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $4.40 million. The amount of warranty expense on Angel's 2021 income statement is:
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Answer:
$9.7 million
Explanation:
The amount of warranty expense on Angel's 2021 income statement = Net sales x 5%
= $194 million x 5%
= $9.7 million
Thus, the amount of warranty expense on Angel's 2021 income statement will be $9.7 million
Sustainability and ERP (Enterprise resource planning) systems are helping companies track their energy consumption. SAP and Walmart are not only teaming up for the implementation of the retail giant’s financial software, but they are also promoting a unified front on sustainability—focusing on reducing pollution while increasing profits—through the use of ERP software. Many SAP customers have cut energy usage; for example, 7-Eleven reduced its cooling energy usage by 12 percent, Dannon cut its fuel costs by 22 percent with better management of its transportation system, all through the use of enhanced information from their ERP system. Companies can use the software to track and report on their energy consumption; however, in order to make changes, a company must determine the baseline of its energy consumption. For instance, Walmart was surprised to find that only 8 percent of its carbon footprint was under the direct control of the company, the remaining 92 percent was in the company’s supply chain. Since 85 percent of Walmart’s suppliers run SAP, Walmart saw an opportunity to encourage energy savings on the part of the companies that supply the Walmart stores. SAP sustainability software application allows Walmart and its suppliers to track their energy usage, emissions, and consumption of other natural resources.
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Answer:
SCM by kashif shafiq? :D
Explanation:
Neha is writing a report comparing the profits of three fashion design houses What type of organizational method should she use? a) Importance b) Component c) Time
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Answer:
b) Component
Explanation:
Since in the question it is mentioned that the neha has written a report in which the profits of three fashion design houses could be compared
So in this situation, the component organizational method could help for knowing the strategic and the operational information so that it would be easy for comparing the profits between these three fashion houses
Therefore the option b is correct
Unhealthy company cultures typically have such characteristics as:__________.A) tight budget controls,overly strict enforcement of longstanding policies and procedures,and low ethical standards.B) a preference for conservative strategies,an aversion to incentive compensation,and excessive emphasis on profitability.C) a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.D) overemphasis on employee empowerment,a complacent approach to building competencies and capabilities,no coherent business philosophy,and excessively bureaucratic policies and procedures.E) too little emphasis on innovation,a strong preference for hiring managers from outside the company,very few core values and traditions,and a weakly enforced code of ethics.
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Answer:
C) a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.
Explanation:
Unhealthy company cultures typically have such characteristics as a politicized internal environment,hostility to change and an aversion to looking outside the company for best practices,new managerial approaches,and innovative ideas.
Which of the following is NOT true? A. The financial statement which reports information helpful in calculating the current ratio would be the balance sheet. B. A gain on the sale of land is included in net income from operations in a multi-step income statement. C. The governmental agency that has broad powers to prescribe accounting practices to public companies that trade on the major stock exchanges is the Securities Exchange Commission. D. Current assets will be typically be converted to cash or sold/consumed in one year or less. E. All of the above are true.
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Answer:
B. A gain on the sale of land is included in net income from operations in a multi-step income statement.
Explanation:
A multi step income statement is a detailed for of an income statement that shows the revenues, expenses, and overall position of a business. Wether it is a profit or loss.
Operational revenues and expenses are shown separately from non operational expense.
The main aim of multi step income statement bus to calculate net income.
In this scenario gain on the sale of land is supposed to be included in non operational revenue. It is not an activity that generates income from everyday operations of the business.
Why would an analyst include among other things, airplane parts, legal services and software, in an analysis of international economic trade? a. to determine the merchandise trade balance.b. to determine the balance of trade in services.c. to determine the current account balance.d. to determine the international flow of income.
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Answer: c. to determine the current account balance
Explanation:
International trade is simply defined as the exchange of goods and services which takes place between countries. It should be noted that international trade gives countries and consumers and the exposure to the goods and services that are not available in their own countries.
An analyst would include airplane parts, legal services and software, in an analysis of international economic trade so as to determine the current account balance.
Choose the cultures that display the Latin American enthusiasm for dance. Brazil Mexico Scotland Wales
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Answer:
Mexico and Brazil
Explanation:
They are both countries known for Latin America
Savings bonds differ from most other bonds in that
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Answer: They provide a higher rate of return.
They are held for a shorter time. The buyer does not receive periodic interest payments in exchange for a lower purchase price.
Company AA and Company BB have identical Assets, Revenues and Ebit. They are in the same line of business. Company AA has a Debt/Capital ratio of 0, while Company BB's ratio is 75%. Company BB pays a low interest rate, and both company's pay the same income tax rate. During good, profitable years, which company probably has the highest Net Income and why
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Answer: BB
Explanation:
Because the credit help the company BB to run over and to make monney.
Which of the following is an example of a middle manager?
Teller at a bank
O Director of marketing
O Chief executive officer
O Salesperson in a retail store
Answers
Answer:
Director of marketing
Explanation:
I just got it right in a test
The Director of marketing is an example of a middle manager. Thus, option B is correct.
Who is a manager?A manager is a person who maintains the flow of the business, he is responsible for the smooth running of the business and coordinating between various departments. A manager tends to be the person who is delegating and is responsible for coordinating.
According to the hierarchical positions of the company, there are various positions that need to be filled like workers, staff, managers, executive managers, head of an office, CEO, etc.
From the given options, the middle manager will be the director of marketing the teller of the bank comes at a lower level, the chief executive officer will be at the top most level, and a salesperson will be at the lower middle level. Therefore, option B is the correct option.
Learn more about managers, here:
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There are many different workplaces in the Architecture and
Construction career cluster. Select the workplaces that
sound most interesting or enjoyable to you.
A. a highway, road, or bridge
B. a large construction site
C. a home being remodeled
D. an office
E. the nonpublic areas of a large building
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Answer:
It's choose your own answer so you pick it they're no wrong answers
Explanation:
The workplaces that are interesting to me in the Architecture and Construction career cluster are: C. a home being remodeled and E. the nonpublic areas of a large building.
The architecture and construction career cluster designs, plans, and constructs physical structures with aesthetic appeals and engineering considerations.
Some workers in this career cluster specialize in designing and constructing residential and commercial buildings. Others engage in landscaping, interior, green, and urban planning and designs. Some specialize in industrial designs and constructions.
Thus, I enjoy remodeling homes and private areas of public buildings because they must exhibit human touch and sensibilities.
Learn more about Architecture and Construction careers at https://brainly.com/question/17261930
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your salary of $65,000 and you plan to spend all of it. However, you want to start saving for retirement beginning next year. You have decided that one year from today you will begin depositing 9 percent of your annual salary in an account that will earn 10.5 percent per year. Your salary will increase at 2 percent per year throughout your career. How much money will you have on the date of your retirement 35 years from today?
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Answer:
$2,171,762
Explanation:
since there is not enough room here I used an excel spreadsheet
In 2021, Holyoak Inc. offers a coupon for $15 off qualifying purchases of its new line of products. Holyoak sold 10,600 of these products during the year. By year-end of 2021, 7,700 coupons had been redeemed and the $15 reduction of purchase price provided to customers. Holyoak's historical experience with such coupons indicates that 80% of customers use the coupon. Holyoak recognizes coupon expense in the period coupons are issued. What is the expense that Holyoak should report for its promotional coupons in its 2021 income statement
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Answer: $127200
Explanation:
Promotional codes are simply the alphanumeric strings which are offered by online stores in order to encourage purchases. It is a marketing strategy
Based in the information provided in the question, the expense that Holyoak should report for its promotional coupons in its 2021 income statement will.be calculated as:
= $10,600 × 80% × $15
= $10,600 × 0.8 × $15
= $127200
Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue (R), expense (E), or not affecting owner's equity (NOE). ________(a) Received cash for services performed ________(b) Paid cash to purchase equipment ________(c) Paid employee salaries g
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Answer:
a. revenue (R), affecting owner's investment (I)
b. not affecting owner's equity (NOE)
c. expense (E) and affecting owner's investment (I)
Explanation:
Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.
The benefits of a reduction of corporate tax to the country
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Answer:
oooooioooooooooooooo
Between quarter 10 and quarter 11, real GDP grew by what percentage?
a. 5%
b. 6%
c. 3%
d. 4%
e. –5%
Answers
Incomplete question.
However, let's assume the real GDP for quarter 10 was $45,000and for quarter 11 is $47,250.
Answer:
a. 5%
Explanation:
First, remember that the real GDP refers to the total value of all of the final goods and services produced in an economy during a given period (usually a year) after taking into account inflation.
To find the percentage increase, we subtract
$47250-$45,000 = $2250
Next, we find the percentage of the amount on $45,000
$2250/$45000 * 100 = 5%
The Mifflin Cable store in Buffalo is currently offering a fabulous marketing strategy for potential new cable and Internet customers. Mifflin Cable offers new customers who purchase a cable and Internet package a DVR, modem, and all other necessary equipment with a two year contract. In terms of Porter's Five Forces what is Mifflin Cable attempting to achieve with this marketing strategy
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Answer:
C. Decrease buyer power
Explanation:
Since in the question it is mentioned that the Mifflin Cable store offers a great marketing strategy that the combos of all the things would be based on the two year contract
So this given situation represents the decrease in buyer power as if there is less bargaining power so the company is able to rise the profit that is actually motive of every organization
Therefore the option C is correct