Answer:
Using the AFN equation, forecast the additional funds Beasley will need for the coming year.
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = $3 / $5 = 0.6
ΔSales = $1,000,000
L/S = $290 / $5,000 = 0.058 (notes payable are not included)
PM = 4%
FS = $6,000,000
1 - d = 0.5
EFN = (0.6 x $1,000,000) - (0.058 x $1,000,000) - (0.04 x $6,000,000 x 0.5) = $600,000 - $58,000 - $120,000 = $422,000
A. What level of sales could Mitchell have obtained if it had been operating at full capacity?
$1,600,000,000 / 0.7 = $2,285,714,286
B. What is Mitchell's Target fixed assets/Sales ratio?
$310,000,000 / $2,285,714,286 = 0.14
C. If Mitchell's sales increase by 60%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio?
required level of fixed assets = 0.14 x ($1,600,000,000 x 1.6) = $358,400,000
increase in fixed assets = $358,400,000 - $310,000,000 = $48,400,000
Indicate whether each of the following activities would be reported on the statement of cash flows as (a) an operating activity, (b) an investing activity, or (c) a financing activity:
1. Cash received by issuing common stock.
2. Cash received for fees earned from customers.
3. Cash paid for land and building.
4. Cash paid for dividends.
The classification of the above will be as follows:
1. Cash received by issuing common stock - Financing activity.2. Cash received for fees earned from customers. - Operating activity. 3. Cash paid for land and building. - Investing activity. 4. Cash paid for dividends. - Financing activity.Sections in the Statement of Cash FlowsFinancing activities relate to raising capital for the business. They will therefore include equity and dividends.
Operating activities relate to those that have to do with the business's daily business activities. Fees from customers are revenue and so will go here.
Investing activities relate to fixed assets and securities issued by other companies.
In conclusion, the cash statement allows for cash transactions to be classified in several ways.
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Please Help!!
1. True or False: A tax lien which is a failure of an individual to pay his or her taxes and it can remain on a credit report for up to 10 years.
2. True or False: Credit utilization is the ratio of an individual's credit balance to their credit card limit.
3. True or false: Chapter 7 bankruptcy is focused more on the restructuring of an individual's finances rather than the elimination of debt altogether.
Answer:
1. True
2. True
3. False
Explanation:
1. True (If a tax is unpaid then it remains on the credit report up to 10 years)
2. True ( The statement correctly stats that Credit utilization is the ratio of an individual's credit balance to their credit card limit )
3. False because Chapter 7 bankruptcy is focused more on restructuring of debt altogether.
Which of the following statements concerning product costs versus general, selling, and administrative costs is false?
a. Product costs incused during the period will initially appear as inventory on the balance sheet.
b. General, selling, and administrative costs are always expensed when paid.
c. Product costs may be divided between the balance sheet and income statement.
d. General, selling, and administrative costs never appear as inventory on the balance sheet.
Why does the scientific method not follow an exact order?
Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
What is an scientific method?Making an observation, formulating a hypothesis, making a prediction, carrying out an experiment, and then evaluating the findings are the fundamental steps. The scientific method's principles can be used in various contexts, including business, technology, and scientific study.
A set of steps are used in the scientific process to establish facts or generate knowledge. The general procedure is generally known, but depending on what is being examined and who is performing it, each step's specifics may alter. Only questions that can be tested and either proven true or false can be answered using the scientific method.
Therefore, Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
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A tax client asks Elena to perform additional tax-related services. Which of the following statements best describes what Elena should do before she agrees to perform the additional service?
Elena should consider whether performing an additional service for the client will impair her independence.
Elena should consider structuring the fee for this engagement as a contingent fee.
If Elena's experience in this area of tax law is limited, she should seek sources of assistance.
Elena should gain the client's agreement to include an indemnification clause in her engagement letter.
The correct option is : Elena should consider whether performing an additional service for the client will impair her independence.
What is tax?This is a compulsory levy, imposed on citizen of a country by their government. The aim is to finance public goods for the benefit of the citizens.
Tax is a kind of legal financial charge imposed by the government on the profit and income of its citizens. The payment of tax for each citizen under the tax codes is not mandatory. The codes mandate you must file a return if you had any type of income, even from illegal sources.
However, a loss of independence would jeopardize the clients tax business, so she would carefully need to weigh whether the additional business is worth the risk.
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whan deciding how to invest your money which of the following is least important to know
When deciding how to invest your money, it's essential to consider several factors such as risk tolerance, investment goals, and time horizon.
However, the least important factor to know is probably the short-term market fluctuations.
Short-term market fluctuations refer to the daily ups and downs in the stock market or other investment platforms. While it can be tempting to focus on these fluctuations, they are generally not indicative of long-term performance and can lead to emotional, impulsive decisions that may not align with your investment strategy. Instead, it's more important to focus on factors that contribute to long-term growth and stability.
A sound investment strategy takes into account your risk tolerance, which is your ability and willingness to withstand potential losses. Additionally, clearly defined investment goals help you create a tailored plan that considers your specific objectives, such as saving for retirement or funding a child's education. Your time horizon, or the length of time you plan to invest, also plays a significant role in determining suitable investment options.
By prioritizing long-term factors like risk tolerance, investment goals, and time horizon, you can make more informed decisions that will ultimately lead to better financial outcomes. Remember that short-term market fluctuations can be distracting and are less important in the grand scheme of your investment journey.
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On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $416,000 and a par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds.
The journal entry for the retirement of bonds will affect a debit to Bonds Payable and Premium on bonds payable accounts for an amount of $400,000 and $12,000 respectively; and a credit in the balances of Cash and Gain on retirement of bonds accounts for a sum of $408,000 and $4,000 respectively.
What is journal entry?The systematic manner of record-keeping of financial transactions in a business in the chronological order of their occurrence is known as a journal entry. A journal entry has an equal amount of debit and credit effects.
Hence, the significance of a journal entry has been aforementioned.
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At the end of the year, what is included in the CLOSING ENTRY to close a REVENUE account?
At the end of the year, debit all revenue accounts and credit the income summary account to clear the revenue account balances, in the closing entry.
What is closing entry?Closing entries are journal entries made at the end of a fiscal period to convert temporary accounts to permanent accounts. The closing entry's purpose is to reset the temporary account balances on the general ledger, the company's financial data record-keeping system, to zero.
Temporary accounts are used to document accounting activity over a specific time period. In the closing entry, debit all revenue accounts and credit the income summary account to clear the revenue account balances.
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A retailer purchases merchandise with a catalog list price of $70,000. The retailer receives a 25% trade discount and has credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period
If a retailer acquires goods with a $70,000 catalog list price. The sum of $51,450 in cash is required to settle this invoice during the discount period.
How much Cash is needed to pay the invoice?The first step is to use this method to determine the Price after Trade Discount.
Catalog price - trade discount = the final price.
Price after Trade Discount = $70,000 - (25% × $70,000)
Price after Trade Discount = $70,000 - $17,500
Price after Trade Discount = $52,500
Second step :
to calculate the Cash required to pay invoice using this formula
Cash required to pay invoice = Price after Trade Discount - Purchase Discount
Let plug in the formula
Cash required to pay invoice = $52,500 - (2% × $52,500)
Cash required to pay invoice = $52,500 - $1050
Cash required to pay invoice = $51,450
Therefore the amount of cash needed is: $51,450
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Si se tiene un activo de Q50,000.00 menos un patrimonio de
Q20,000.00, ¿cuál será el pasivo de la empresa?
Answer:
I think this is an English server, loveee! Sorryyyy
Explanation:
Mooradian Corporation’s free cash flow during the just-ended year (t = 0) was $160 million, and its FCF is expected to grow at a constant rate of 5.0% in the future. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 12.5%, what is the firm’s total corporate value, in millions?
The firm’s total corporate value, in millions is: $22,400,000.
Using this formula
Firm Total Corporate Value =Free cash flow (1+ Growth) / Average cost of capital - Growth
Where:
Free cash flow=$160 million
(1+ Growth) =(1+5.0%)
Average cost of capita=12.5%
Growth=5%
Let plug in the formula
Firm Total Corporate Value= $160,000.000 ( 1+0.05)/12.5%-5%
Firm Total Corporate Value=$160,000,000(1.05)/7.5%
Firm Total Corporate Value=$168,000,000/7.5%
Firm Total Corporate Value=$22,400,000
Inconclusion the firm’s total corporate value, in millions is: $22,400,000.
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What is the next number in the sequence -1, 4,21,56,115,204,…?
After 204, the next number that would be in the sequence is 329 such that we would have -1, 4,21,56,115,204, 329
How to solve for the sequenceWe have to solve this by following the digits from 1 to 7 in an ascending order.
The values would have to be raised to the power of three and then subtract the value multiplied by 2.
Mathematically we are going to have the following.
1³ - (1x2) = 1 - 2 = -1
2³ - (2 x 2) = 8 - 4 = 4
3³ - (3 x 2) = 27 - 6 = 21
4³ - (4 x 2) = 64 - 8 = 56
5³ - (5 x 2) = 125 - 10 = 115
6³ - (6 x 2) = 216 - 12 = 204
7³ - (7 x 2) = 343 - 14 = 329
Hence the next number that would follow in the sequence would be 329. Such that we would have -1, 4,21,56,115,204, 329
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five possible causes of stress in the workplace . Interview employees at any workplace
The possible causes of stress in the workplace are
Workloadpoor leadershipinsecurity in JobAbsence of Work-life balanceConflictsStress can be brought on by excessive job expectations, arbitrary deadlines, and burdensome duties. Employee well-being can be greatly impacted by feeling overworked and under continual pressure to perform.
Stress can be brought on when obligations from work interfere with personal time and duties disturbing the Work-life balance. Stress can be exacerbated by interpersonal conflict, challenging relationships, and poor communication at work.
An enormous amount of stress may be brought on by the worry of being fired, being laid off, or having unknown professional prospects.
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Debt-to-equity ratio is:
Question 11 options:
calculated by dividing total liabilities by net worth.
calculated by dividing monthly debt payments by net monthly income.
determined by dividing your assets by liabilities.
rarely used by creditors in determining credit worthiness.
Answer: calculated by dividing total liabilities by net worth.
Explanation:
The debt to equity ratio is used to know how credit worthy a company is. This is gotten by dividing the total liability of a company by the equity of the shareholder.
It should be noted that the debt t equity ratio isn't gotten dividing your assets by liabilities. Therefore, based on the information given above, the answer is A.
Answer:
A
Explanation:
i took the quiz
You are ready to buy a house, and you have $30,000 for a down payment and closing costs. Closing costs are estimated to be 5% of the loan value. You have an annual salary of $48,000, and the bank is willing to allow your monthly mortgage payment to be equal to 25% of your monthly income. The interest rate on the loan is 6% per year with monthly compounding (50bps per month) for a 30 year fixed rate loan. How much can you offer for the house?
In 2023, Indiana Jones made the following charitable contributions:
Donee Property AGI limit Cost FMV
City Hospital Cash 60% $ 20,000 $ 20,000
Salvation Army Clothes 50% $ 4,000 $ 1,500
State University IBM stock 30% $ 15,000 $ 25,000
Determine the maximum amount of charitable deduction for Indiana Jones’s contribution in 2023, if his AGI is $100,000 this year. You may assume that the stock has been owned for 10 years.
The maximum amount of charitable deduction for Indiana Jones's contributions in 2023, with an AGI of $100,000, would be $46,500.
To determine the maximum amount of charitable deduction for Indiana Jones's contributions in 2023, we need to calculate the deductible amount for each contribution based on the AGI limits and the type of property donated.
1. City Hospital Cash: Since it is a cash donation, the deductible amount is limited to 60% of Indiana Jones's AGI. Therefore, the deductible amount for this contribution would be $20,000.
2. Salvation Army Clothes: As this is a donation of clothes, the deductible amount is limited to 50% of Indiana Jones's AGI. However, the deductible amount cannot exceed the lesser of the property's cost or fair market value (FMV). In this case, the deductible amount would be $1,500, which is the FMV of the donated clothes.
3. State University IBM Stock: Since it is a donation of appreciated stock that has been owned for more than a year, the deductible amount is limited to 30% of Indiana Jones's AGI. However, the deductible amount cannot exceed the lesser of the property's cost or FMV. In this case, the deductible amount would be $25,000, which is the FMV of the donated IBM stock.
To calculate the maximum charitable deduction, we need to sum up the deductible amounts of all the contributions:
$20,000 (City Hospital Cash) + $1,500 (Salvation Army Clothes) + $25,000 (State University IBM Stock) = $46,500
Therefore, the maximum amount of charitable deduction for Indiana Jones's contributions in 2023, with an AGI of $100,000, would be $46,500.
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Risk always has to do with finances.
O True
O False
Answer:
True
Explanation:
Propose your top three potential social causes for your organization and why your selected social cause or issue is a good match with your chosen corporation for creating a corporate social responsibility (CSR) campaign.
By selecting a social cause that aligns with their values and corporate goals, companies can create a CSR campaign that resonates with stakeholders and helps to build a positive reputation for their brand.
There are various social causes that companies may choose to support, depending on their corporate social responsibility goals. Here are the top three social causes that I would recommend for an organization, along with reasons why they are good matches for creating a CSR campaign:1. Environmental conservation: Protecting the environment and promoting sustainable practices is a social cause that has gained widespread attention in recent years.
As climate change continues to be a pressing issue, businesses that take a proactive approach to reducing their carbon footprint can establish themselves as responsible and sustainable entities. This is a good match for companies that have a large environmental impact, such as those in the manufacturing or transportation sectors. A CSR campaign focused on environmental conservation can include initiatives such as reducing waste, using renewable energy sources, and promoting eco-friendly practices among employees and customers.
2. Education: Investing in education is one of the most effective ways to support social development and empower individuals and communities. For companies that want to create a CSR campaign that has a tangible impact on people's lives, education is a great choice. This is especially relevant for companies that have a strong local presence and want to support the communities in which they operate. A CSR campaign focused on education can include initiatives such as donating educational resources to schools, providing scholarships to students, or organizing workshops and training programs for employees and community members.
3. Health and wellness: Promoting health and wellness is a social cause that has become increasingly relevant in light of the COVID-19 pandemic. Companies that prioritize the well-being of their employees and customers can create a positive image for themselves and build strong relationships with stakeholders. This is a good match for companies in the healthcare or hospitality sectors, as well as those that offer wellness-related products or services.
A CSR campaign focused on health and wellness can include initiatives such as promoting healthy lifestyles, providing access to healthcare services, or supporting mental health awareness and treatment programs.Overall, each of these social causes has the potential to create a meaningful and lasting impact, both for the company and the communities it serves.
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Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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Schoene Company reports its inventory at replacement cost. This is an application of the measurement attribute of: ________
Answer:
Current cost
Explanation:
1. What is the relationship between employment and education? Explain.
Explanation:
I don't know sore
sorry broo plz.
Your manager at the medium- sized company where you work has just called you in and asked you to explain why the company should spend its limited financial resources to develop a supplier management system.
Answer:
Explanation:
Answer: There can be several objectives some of which are explained below :-
Explanation:
1. Sharing of information in an effective and efficient manner in both inside and outside the organisation.
2. The technology to be used should be easy to understand and user friendly so that all related parties can use it as per their requirements without any hurdle.
3. Making a team of technical professionals to ensure resolving any technical issue that could arise in future.
4. Developing strategy to train and inform all the related parties affected by the implementation of this system.
Which of the following statement is TRUE?
(1 Point)
Developmental programs improve conceptual skills of managers for the future job.
Training programs improve conceptual skills of nonmanagers for the future job.
Developmental programs improve technical skills of nonmanagers for the current job.
Training programs improve technical skills of mangers for the current job.
'Developmental programs improve conceptual skills of managers for the future job' is true. The right answer is a.
The goals and content of training and development are different from one another. While "development" refers to a long-term method through which managerial personnel understand conceptual and theoretical knowledge for broad reasons, "training" is a short-term process through which non-managerial personnel acquire technical knowledge and skills for a specific purpose.
Development covers the process through which managers and executives build capacity for both future managing roles as well as skills and competence for their current ones.
The correct answer is option a.
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Due to the pandemic, some states guidelines allow pools to open at 25% capacity. discuss how this restriction will affect operating costs per swim (average cost) and its effect on profitability.
This restriction will negatively affect swimming's operating costs, increasing them in relation to revenue and reducing the clubs' profitability.
What affects a company's operating costs?The average cost of an organization is directly influenced by its activities, that is, its production, products and services. Such expenses correspond to those derived from the organizational routine, such as expenses with infrastructure, transport and the cost of goods or services sold.
Operating costs then correspond to administrative, sales and general expenses that occur for the perfect flow of the company. The average or operating cost of a company is calculated from the average of expenses in relation to the average of acquisition of products or services.
Therefore, in a situation where there is only 25% of the site's capacity used, average costs will increase, while profitability will be reduced as it will not be compensated for by the expenses.
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What is the best application to chart the average temperature for the year?
PowerPoint
Access
Word
Excel
In general, increasing price above the market equilibrium price will _______ consumer surplus and ________ producer surplus. Total surplus will _______. Reducing price below market equilibrium will ________ consumer surplus and _______ producer surplus. Total surplus will _______. Thus regulators _______ increase benefits to one group or the other, but the market ______ be efficient.
The tax incidence is the:_____
a. average tax burden borne by buyers and sellers.
b. actual tax burden borne by buyers and sellers.
c. absolute tax burden borne by buyers and sellers.
d. relative tax burden borne by buyers and sellers.
During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cleaner:
Production Flow Physical Units
Completed and transferred to the next department 100
Add: Ending work in process inventory 10(40% complete as to conversion)
Total units to account for 110
Less: Beginning work in process Inventory 20(60% complete as to conversion)
Units started during 90
All materials are added at the beginning of processing in this department, and conversion costs are added uniformly during the process. The beginning work in process inventory had $120 of raw materials and $180 of conversion costs incurred. Materials added during December were $540, and conversion costs of $1,484 were incurred. Krause uses the first-in, first-out (FIFO) process cost method. The equivalent units of production used to compute conversion costs for December were:
a. 110 units.
b. 104 units.
c. 100 units.
d. 92 units.
Answer:
d. 92 units.
Explanation:
The computation of the equivalent units of production used to compute conversion costs is shown below:
= 20 units × 40% + (100 units - 20 units) × 100% + 10 units × 40%
= 8 units + 80 units + 4 units
= 92 units
Hence, the equivalent units of production used to compute conversion costs is 92 units
You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Knowing what you have learned about customer service situations, why do win-lose situations often become lose-lose situations? What can an employee do to avoid this from occurring?
Answer:
Explanation:
In business a win-lose situation would mean that one is correct while the other is wrong. This often becomes a lose-lose situation because one party will get upset and refuse to do business with the other party, this means that one party ultimately loses out on the profit of the potential transaction and the other party loses out on the product/service that they wanted. Therefore, making it a lose-lose situation. The best thing that an employee can do is to de-escalate the situation and look for an alternative solution so that the customer leaves happy, the business gets the transaction, and they do not lose money or customers.
analyse the impact of monitoring and evaluating quality processes on the motor industry
Effective monitoring and evaluation of quality processes can have a positive impact on the motor industry by improving product quality, customer satisfaction, and competitiveness. However, this requires a commitment to continuous improvement and a willingness to invest in quality management systems and processes.
Monitoring and evaluating quality processes have become increasingly important in the motor industry, especially as customers demand higher levels of quality, safety, and reliability in their vehicles. By implementing effective quality management systems, automakers can improve their manufacturing processes, reduce defects and recalls, and increase customer satisfaction and loyalty.
Effective monitoring and evaluation of quality processes can also help automakers identify and address potential issues before they become major problems, saving time and costs in the long run. This can also lead to a more efficient production process, reducing waste and improving overall productivity.
Also, monitoring and evaluating quality processes can also help automakers comply with industry regulations and standards, ensuring that their products meet the required safety and environmental requirements.
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