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.
Which best ranks Agriculture, Food, and Natural Resources careers from highest to lowest required degree?
O Veterinarian - Nursery Manager - Environmental Engineer - Landscaper
O Landscaper - Environmental Engineer - Nursery Manager - Veterinarian
O Landscaper - Nursery Manager Environmental Engineer – Veterinarian
O Veterinarian - Environmental Engineer - Nursery Manager - Landscaper
Answer:
the answer is d
Explanation:
The best ranks in Agriculture, Food, and Natural Resources careers from highest to lowest required degree is Veterinarian - Environmental Engineer - Nursery Manager - Landscaper. Thus the correct option is D.
What is a Career?A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achieve the goals of life.
A Veterinarian is referred to as an individual who has the expertise to treat animals. These are referred to as professionals who diagnose diseases and provide adequate treatment based on the diagnosis.
Animals are managed manually by the majority of veterinarians in hospital locations as tools and resources are available there. These veterinarians might perform general medicine, providing care for various species of animals.
Therefore, option D is appropriate.
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For spring break, Melanie will either stay home or go to Daytona Beach. At home, Melanie pays $10 per day for food and earns $90 a day at her job. At Daytona Beach, Melanie will stay with friends and so has no lodging cost. She will pay $20 per day for food. In terms of dollars, Melanie's opportunity cost per day of going to Daytona Beach is how much
Answer:
$100
Explanation:
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives
If Melanie goes to the beach, she would not be able to stay at home. Staying at home is the opportunity cost of going to the beach.
The total opportunity cost of going to the beach = $10 + $90 = $100
Total revenue minus total cost is equal to
You are 20 years old and have completed your BBA and want to pursue further education but you don’t want to take money from your father. Your plan is to start working and earn enough money so that you can finance your degree on your own and get yourself enrolled in five years’ time. You estimate that the annual cost of doing an MBA 5 years from today will be PKR 400,000 and the program will be two years long. You will need the money at the beginning your program so that you are not worried about how to clear your dues during your studies. Luckily you go for a job interview and they hire you and you start working at a salary of PKR 25,000. So you decide that 50% you will deposit in a saving account at a 10% rate with monthly compounding for your further studies and the remaining amount you will use for your daily expenses.
1. Will you be able to meet your goal at this current saving rate?
2. What percentage of your salary should you save if you want to have exactly your university expenses amount?
3. How would your answer to part 1 change if the saving account rate changed to 5%?Comment on your answer.
4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose? Explain your answer.
Answer:
1. Will you be able to meet your goal at this current saving rate?
yes, you will even have some spare moneyannual cost of MBA = 400,000 x 2 years = 800,000
monthly salary = 25,000 and you will deposit 12,500
ordinary annuity, 0.8333%, 59 periods (5 years - 1 month) = 75.80535
the future value of your account = 12,500 x 75.80535 = 947,566.88 which is more than the cost of the MBA
2. What percentage of your salary should you save if you want to have exactly your university expenses amount?
42.2138%800,000 / 75.80535 = 10,553.34
10,553.34 / 25,000 = 0.422138 = 42.2138%
3. How would your answer to part 1 change if the saving account rate changed to 5%?
actually you still have more money than what you need even if the interest rate falls to 5%, so you can still take your MBAmonthly salary = 25,000 and you will deposit 12,500
ordinary annuity, 0.41666%, 59 periods (5 years - 1 month) = 66.72805
the future value of your account = 12,500 x 66.72805 = 834,100.63 which is more than the cost of the MBA
4. If you are given an option to invest at the 10% saving rate with monthly compounding or 10.5% semiannual compounding, which would you chose?
I would choose the 10.5% semiannual compounding because the effective interest rate is higher.the effective interest rate of investing at 10% compounded monthly = (1 + 10%/12)¹² - 1 = 10.47%
the effective interest rate of investing at 10.5% compounded semiannually = (1 + 10.5%/2)² - 1 = 10.77%
5. Suppose Hillard Manufacturing sold an issue of bonds with a 12-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments. Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 5%. At what price would the bonds sell
Answer:
Price of bonds = $1,389.73
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
The value of bond for Hillard can be worked out as follows:
Step 1
Calculate the PV of interest payments
Semi annual interest payment
= 10% × 1,000 × 1/2 =50
PV of interest payment
A ×(1- (1+r)^(-n))/r
r- semi-annual yield = 5%/2 = 2.5%
n- 10× 2 = 20.
Note that the bonds now have 10 years to maturity because it was issued 2 years ago
PV on interest = 50 × (1-(1.025^(-20)/0.0425 = 779.45
Step 2
PV of redemption Value
PV = $1,000 × (1.025)^(-20) = 610.27
Step 3
Price of bond
= 779.45+ 610.27 = $1,389.73
Price of bonds = $1,389.73
Jiminy Cricket Removal has a profit margin of 7.6%, total asset turnover of 1.73, and ROE of 17.2%. What is this firm s debt-equity ratio?
Answer:
The debt to equity ratio is 30.81%
Explanation:
The computation of the debt equity ratio is shown below:
ROE = Profit margin × Asset turnover × equity multiplier
17.2% = 7.6% × 1.73 × (1 + debt ÷ equity)
17.2 ÷ 13.148 = (1 + debt ÷ equity)
1.308184 = (1 + debt ÷ equity)
So, after solving this,
hence, The debt to equity ratio is 30.81%
We simply applied the Dupont analysis and the same is to be considered
Consider two perfectly negatively correlated risky securities, K and L. K has an expected rate of return of 12% and a standard deviation of 17%. L has an expected rate of return of 9% and a standard deviation of 11%. The risk-free portfolio that can be formed with the two securities will earn _____ rate of return.
Answer:
We need the compute the weight of K and L
Weight of K = Standard deviation of security L / Standard deviation of security K + Standard deviation of security L
Weight of K = 11% / 17% + 11%
Weight of K = 11% / 28%
Weight of K = 0.39286
Hence, the weight of security K is 0.39286
Weight of L = Standard deviation of security K / Standard deviation of security L + Standard deviation of security K
Weight of L = 17% / 11% + 17%
Weight of L = 17% / 28%
Weight of L = 0.607143
Hence, the weight of security L is 0.607143
Now we compute the rate of return risk-free portfolio as follow:
Return of portfolio = [Return of K * Weight of K] + [Return of L * Weight of L]
Return of portfolio = [12% * 0.39286] + [9% * 0.607143]
Return of portfolio = 0.0471432 + 0.05464287
Return of portfolio = 0.10178607
Return of portfolio = 10.18%
Hence, the rate of return of risk-free portfolio is 10.18%
What is the best way to share functions across more than one project?
Answer:Place the code for the functions in a module and add that module to each project.
Explanation:
The Widget Co. purchased all of its fixed assets three years ago for $6 million. These assets can be sold today for $3 million. The current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.8 million in cash. The market value of the company’s total assets today is $____________(in dollars, not millions).
Answer:
$4,800,000
Explanation:
Widget corporation purchased all of its fixed assets three years ago for $6 million
These assets can be sold today for $3 million
The company receives $1.8 million in cash after liquidation of current assets
Therefore the market value of the company's total assets today can be calculated as follows
Market value = $3,000,000 + $1,800,000
= $4,800,000
Hnence the company's market value for today is $4,800,000
As a part of internal accounting controls, the activity called
involves detecting and avoiding errors
Answer:
As a part of internal accounting controls, the activity called RECONCILIATION involves detecting and avoiding errors.
Explanation:
Reconciliation involves detecting and avoiding errors since it helps management to discover or detect any mistakes and errors, and can also help to understand why these errors occurred and how to prevent future mistakes.
Reconciliation is basically comparing two different accounting records and making sure that they match, e.g. reconciliation of bank account and cash balance. If you cannot reconcile the company's bank account with its cash balance, it means something is wrong. Is the mistake intentional? Why did it occur? How can you prevent it from happening again? Can it be solved?
Answer:
The answer you are looking for is risk assessment
g Assume that Fan-Tastic Sports Gear Inc. used the allowance method last year, and the allowance account at the end of the year had a debit balance of $2,240. The company estimated uncollectible accounts expense using the percent of credit sales method and expected 0.75% of credit sales to be uncollectible. What is the amount of the adjusting entry to provide for doubtful accounts on December 31
Answer: $16,275
Explanation:
The amount for the adjusting entry to provide for doubtful accounts at year end is;
= Credit sales * Percentage of accounts expected uncollectible
= ( 3,100,000 * 70%) * 0.75%
= $16,275
Manufacturer A has a profit margin of 2.0%, an asset turnover of 1.7 and a liabilities-to-assets ratio of 0.8. Manufacturer B has a profit margin of 2.3%, an asset turnover of 1.1 and an equity multiplier of 4.7. How much asset turnover should manufacturer B have to match manufacturer A's ROE
Answer:
1.54
Explanation:
The computation of the asset turnover for manufacturer B to match with the manufacturer A is shown below:
As we know that
Return on equity = profit margin × asset turnover × gearing
2 × 1.7 × 4.9 = 2.3 × Asset tunover × 4.7
After solving this, the asset turnover is 1.54 times
So it should be 1.54 for matching
Also, we assume that there is an equity multiplier for manufacturer A of 4.9 instead of liabilities-to-assets ratio so we considered the same in the above computation part
A firm has a P/E ratio of 12 and a ROE of 13% and a market to book value of what?
Answer:
1.56
Explanation:
Calculation for the market-to-book value
First step is to calculate for the P/E ratio
P/E ratio=1/12
P/E ratio= 0.0833
Now let find the market-to-book value using this formula
Market-to-book value = ROE percentage/P/E ratio
Let plug in the formula
Market-to-book value=0.13/0.0833
Market-to-book value= 1.56
Therefore the Market-to-book value will be 1.56
The market to book value is 1.56.
The calculation is as follows:
ROE = Net income ÷ Book Value of shareholders equity
P/E = (Price per share ) ÷ (EPS per share)
or P/E = Market Capitalization ÷ Net Income
So,
12 = Price ÷ Net Income
Price = 12 Net Income-------------Equation 1
Now
0.13 = Net Income ÷ Book Value of shareholders equity
Book Value = Net Income ÷ 0.13----------------Equation 2
Now
Market/ Book Value = 12 Net Income ÷ Net Income/0.13
= 12 × 0.13
= 1.56
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Identify the incorrect statement concerning globalization. A. It has been blamed for unemployment in developed nations, environmental degradation and the Americanization of popular culture. B. It has created new threats for businesses accustomed to dominating their domestic markets. C. It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition. D. According to most economists it is a very beneficial process where gains outweigh the losses by a wide margin.
Answer:
C. It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition.
Explanation:
Globalization is integration of world economies. it has created threat to the employment opportunities in the developed countries since the large number of jobs are being outsourced to other countries.
(A) What makes Blue Ocean strategy imperative in planning your business start-up?
(B) Identify a real company that has successfully created a Blue Ocean & explain your response
(C) Are Blue Oceans only relevant for start-ups? Why or why not?
Answer and Explanation:
Nowadays start-ups ate driven by innovation which is termed blue ocean strategy. With blue ocean strategy there is low competition and low prices and a sort of monopoly as the business is able to open a new market space through product differentiation, uniqueness and innovation
Airbnb is an example of a blue ocean strategy startup that has attained Unicorn level. They have been able to do this because of their innovative business model that connects people that wish to rent a home or space with people who are renting
Blue ocean strategies are not only relevant for start-ups as they could be applied to other businesses too since any business can create market space using innovation. However they are crucial for start-ups who wish to create market and survive
Security A has an expected rate of return of 6%, a standard deviation of returns of 30%, a correlation coefficient with the market of -0.25, and a beta coefficient of -0.5. Security B has an expected return of 11%, a standard deviation of returns of 10%, a correlation with the market of 0.75, and a beta coefficient of 0.5. Which security is riskier
Answer:
Security B
Explanation:
The risk of an asset is measured by beta
Market beta is measured by 1. Securities that move more than the market have a beta greater than 1 .
Securities that moves less than the market have a beta less than 1
The beta of security A is less than that of security B. Thus, security B is more risky
Which of the following is the process the listener takes to assess the information received from the speaker?
A. Evaluating
B. Receiving
C. Providing feedback D. Understanding
Answer:
Explanation:
A- Evaluating
The W-4 tax form is used to ___________.
Answer:
Employees fill out a W-4 form to let employers know how much tax to withhold from their paycheck based on filing status, dependents, anticipated tax credits and deductions, etc. If you don't fill it out correctly, you may end up owing taxes when you file your return.
Explanation:
The form of W-4 tax is used to report to the employers about how much amount he/ she has to retained from his/her remuneration or paycheck.
What is a tax return?A tax return is a document being filed by all the taxpayers to the tax authorities on yearly basis. They have to specify all the details of their incomes earned in a year in that form.
W-4 tax form is one of the being submitted by the employee stating all the details of their incomes, applicable exemptions, credits, etc. to the employer. This should be done to inform the employer about what amount he/she has to withheld from their final monthly paycheck. In case the employee fails to file the form on time, then he/she has to give more taxes.
Therefore, the W-4 tax form is actually the withholding certificate filed by the employee to the employer.
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Use your understanding of ethics to complete the sentence.
When managers use environmental and social impacts as criteria in all their decision making,
their philosophy
is an important part of
____
Answer: d. sustainability
Explanation:
Sustainability refers to the maintenance of resources such that they can be used in perpetuity.
When managers use environmental and social impacts as criteria in all their decision making, this is an important part of sustainability because they will be able to see how their actions affect the environment and thus adjust these actions in order to achieve sustainability of the resources we have on Earth.
Ted Catering received $1,180 cash in advance from a customer for catering services to be provided in three months. Determine the general journal entry that Ted Catering will make to record the cash receipt. Assume the company’s policy is to initially record prepaid and unearned items in balance sheet accounts.
Answer:
Debit cash for $1,180
Credit unearned catering revenue for $1,180
Explanation:
Unearned revenue refers to the amount of money that is received in cash by a company for goods that are yet to be delivered or services that yet to be rendered.
The $1,180 advance payment received by Ted Catering is unearned catering revenue. The eneral journal entry that Ted Catering will make to record the cash receipt wil appear as follows:
Account title Dr ($) Cr ($)
Cash 1,180
Unearned catering revenue 1,180
(To record unearned catering revenue.)
Q 1.) ROUTINE REQUEST FOR INFORMATION (Marks 05 – Time required: 25 minutes) THE TASK: Re-write this letter, correctly understanding its purpose, by following the writing process and the 7 C’s, you have studied during the course. Please use the letter format. You can make necessary assumptions and delete/add information. I am writing to inquire about your recent order for a custom wedding suit. You forgot to mention what color you want, and you failed to include your measurements. I would like to clear up this confusion quickly so that we will be able to provide you with the suit before the wedding. When, exactly, is the happy day? I know you must be busy getting ready for the wedding, but if you can spare the time, you might want to stop by in person to pick out your suit, because we do offer an incredibly wide selection of fine wedding attire. At that time, you could also select an appropriate tie and shirt. I would also suggest that you choose clothing for your best man and ushers, assuming that you are having a large wedding. We are prepared to provide the best in both custom and rental formal attire for your entire wedding party, regardless of how large or small it may be. Incidentally, you should also bring your fiancée along to coordinate the men’s clothing with the bridesmaid’s dresses. You know how picky women are about clothes. If you can’t come by in person, you should send me a letter stating your measurements and indicating your color and style preferences, or call me at 633-4296. After we receive this information, we will need at least two weeks to complete the suit. Thank you for your cooperation in this matter. Assessment Rubric • Content/Ideas/Relevance: 1.5 • Organizational Strategy (Direct/Indirect): 1.5 • Format: 0.5 • Language (YOU attitude & Accuracy): 1.5
Answer:
The correct answer is given below
Please mark brainliest
Explanation:
Dear Sir,
We are grateful to have you as our customer, some details of the recent your order is missing and we would like you to provide us with that so the dress gets ready in time, we would like to know the color of your suit, and the measurements, and also please let us know when is your big day so we can make the dress and provide you with it a few days before the wedding day so if there is any problem we can help with it, please note that we also provide men wedding suits as well so you can buy from our shop with a matching color.
Clothing for best man and ushers are also important to look great, we have a large variety of it too, all your dressing problems will be solved under one roof. If you like you can bring the bride to be along yourself so we can take her measurements and she can choose the color of her choice for her big day and can also take decisions on purchasing bridesmaids dresses as we have a vast variety for them as well.
If you wish not to visit here please send us the above mentioned details in a letter or call us at 633-4296. After the information is received your dress will take about 15 days to get ready.
Awaiting your visit.
regards,
"For the past 5 years, an individual earning $40,000 per year, who was not covered by another retirement plan, has made annual contributions to an Individual Retirement Account. That individual has changed jobs at the same salary and has been included in that company's qualified retirement plan. Which statement is TRUE?"
The available options are:
A. Annual contributions to the Individual Retirement Account must cease
B. Annual contributions to the Individual Retirement Account can continue and are an adjustment to income each year
C. Annual contributions to the Individual Retirement Account can continue but no adjustment to income is allowed
D. The employee has 60 days to roll over the funds from the IRA to the qualified plan in order to maintain tax deferred status
Answer:
Annual contributions to the Individual Retirement Account can continue and are an adjustment to income each year
Explanation:
Given that, the individual involved makes $40,000 per year, therefore, the IRA contribution is tax deductible. This is because, the phase out range in 2020 for singles, where the contribution is not tax deductible is an income of above $75,000 per year, which is exactly between $65,000 - $75,000.
Hence, in this case, the correct answer is option B. Annual contributions to the Individual Retirement Account can continue and are an adjustment to income each year
A local pharmaceutical firm of Pakistan has decided to restructure its end to end process as per the quality standards of DRAP (Drug Regulatory authority of Pakistan). The management is keen to implement Quality Management organization wide. You are asked to analyze the entire transformation. • Employee involvement and its benefits • The role of the top management in enforcing quality management • Guidelines of quality costing system ensuring no damages • Requirement for ISO certification
Answer:
The restructure of the local pharmaceutical firm will cause a great change which is discussed below
Please mark brainliest
Explanation:
The restructure of the local pharmaceutical firm will cause a great change which is discussed below:
Employee involvement and its benefits:
The employees will be greatly involved in the restructure as they will be required to take more precautions while preparing or carrying the medicines, the employees involved in the procedure will be provided with a better health.
The role of the top management in enforcing quality management
The top management will play a vital role in the restructure of the firm because they are responsible for managing its employees and they will be the one imposing all the strict rules which will be required to be followed by the firm.
Guidelines of quality costing system ensuring no damages
This restructure will effect the finance department as well in a way to calculate the cost of the quality measures which will be taken, the operating cost is likely to be increased.
Requirement for ISO certification
The firm will have to get an ISO certificate which will be the proof that the firm follows proper safety measures, the certificate will be provided upon careful investigation of the firm by ISO.
exxon mobile corporation explores, produces, refines, markets, and supplies crude oil, natural gas, and petroleum products in the United States and around the world. Indicate how the accounts normally should be categorized on a classified balance sheet. common stock notes and loans payable
Answer:
As some of the answers are already in the list I'll focus on the ones that are not.
3. Common Stock
Balance Sheet Classification ⇒ SE
Debit or Credit Balance ⇒ Credit
4. Patents
Balance Sheet Classification ⇒ NCA - Non current asset
Debit or Credit Balance ⇒ Debit
5. Income Taxes Payable
Balance Sheet Classification ⇒ CL
Debit or Credit Balance ⇒ Credit
7. Marketable Securities (short term- Investments)
Balance Sheet Classification ⇒ CA
Debit or Credit Balance ⇒ Debit
8. Property, Plant and Equipment
Balance Sheet Classification ⇒ NCA
Debit or Credit Balance ⇒ Debit
9. Investments ( Long - term)
Balance Sheet Classification ⇒ NCA
Debit or Credit Balance ⇒ Debit
Balance Sheet Current assets Cash 910,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,710,000 TOTAL ASSETS 7,000,000 Current liabilities Acc payable not given Long-term debt 3,500,000 Common stock 560,000 Retained earnings 2,470,000 TOTAL LIAB and EQUITY 7,000,000 Income Statement Sales 14,000,000 Operating expense 11,200,000 EBIT 2,800,000 Interest expense 490,000 EBT 2,310,000 Taxes 924,000 Net income 1,386,000 What is the firm's quick ratio?
Answer:
4.77
Explanation:
The formula below is used to calculate quick ratio
Current assets - Inventories / Current liabilities
Account receivables =$1,330,000
Current assets = $3,290,000
Inventories = $1,050,000
Account payable = $470,000
Current liabilities = $470,000
Therefore,
Quick ratio = ($3,290,000 - $1,050,000) / $470,000
= 4.77
Medicare and Social Security are paid through which type of federal tax?
A sales tax
B. excise tax
C. payroll tax
D. corporate income tax
Answer: C. payroll tax
Explanation: got it correct on ed2020
Develop a sample budget for someone aged 55-65, considering the adjusted income and expenses in this life phase.
Explanation:
55 to 65-Year-Old’s Budget
Particular Per month
Housing $554
Food $245
Healthcare $500
Pensions $350
Entertainment $118
Transportation $247
Cash $155
Other $94
The most recent financial statements for Reply, Inc., are shown here: Income Statement Balance Sheet Sales $ 23,600 Assets $ 54,300 Debt $ 20,300 Costs 14,600 Equity 34,000 Taxable income $ 9,000 Total $ 54,300 Total $ 54,300 Taxes (40%) 3,600 Net income $ 5,400 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,500 was paid, and the company wishes to maintain a constant payout ratio. Next year’s sales are projected to be $26,904. What is the external financing needed? (Do not round intermediate calculations.)
Answer:
external financing needed $4,296
Explanation:
Sales 26,904
Cost 16,644
(14.600 / 23,600 x 26,904)
Taxable Income 10,206
Tax Income (40%) 4,104
Net Income 6,156
Dividends: (same payout ratio is maintaned)
2,500 / 5,400 x 6,156 = 2,850
Assets: (proportional to sales)
54,300 / 23,600 x 26,904 = 61902
Equity:
34,000 + 6,156 net income - 2,850 dividends = 37306
Liabilities: 61,902 - 37,306 = 24,596
Previous liaiblities 20,300
Addional debt taken: 24,596 - 20,300 = 4296
Olly & Sons is a construction company. The company started the year with $90,000 in the land account. During Year 2, Olly & Sons purchased multiple lots of land. The first lot cost $25,000, the second lot cost $28,000 and the third lot cost $31,000. The company sold one lot that had a cost of $50,000 for $50,000. What is the ending balance in the land account?
Answer:
$124,000
Explanation:
The computation of ending balance in the land account is shown below:-
ending balance in the land account = Beginning balance of Land account + Total balance of land - Cost of land sold
= $90,000 + ($25,000 + $28,000 + $31,000) - $50,000
= $90,000 + $174,000 - $50,000
= $124,000
Therefore for computing the ending balance in the land account we simply applied the above formula.
Question 2 of 10
What are two types of strategies businesses use to directly influence the
environment?
A. Social media and strategic financing
B. Social media and rebranding
C. Formal organizational structure and informal organization
D. Lobbyists and flames
Answer:social media and strategic financing
Explanation:
Apex