Consumption conditions include buyers, sellers, products or services, and other factors such as: a sensation conveyed by the physical environment.
What is company's consumption?Consumption is a determinant of intention to adopt a new product, and its potential to influence adoption intention depends on people's attitudes towards that product category and the degree of freedom allowed for adoption. Consumption can be either intermediate consumption or final consumption.
There are following types of consumption: productive consumption. slow consumption. fast consumption. wasteful consumption.
What is the impact of consumption on the economy?As consumption increases, GDP increases by the same amount, other things being equal. Moreover, since current income (GDP) is a key determinant of consumption, an increase in income will be followed by a further increase in consumption: A positive feedback loop between consumption and income was triggered.
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Determine what type of policy is needed for each of the following scenarios:
pick between Expansionary or Contractionary as answers for the questions below
1) U% = 7%, CPI = 2%:
2) U% = 4%, CPI = 12%:
3) U% = 3%, CPI = 10%:
4) U% = 10%, CPI = 2%:
5) U% = 3%, CPI = 7%:
6) U% = 5%, CPI = 8%:
1. Expansionary, 2. Contractionary, 3. Contractionary, 4. Expansionary, 5. Expansionary, 6. Contractionary.
Explain expansionary monetary policy using examples.Expansionary monetary policy describes the steps done by a central bank to raise the money supply and promote economic expansion, such as the Federal Funds rate in the United States. This can be accomplished in a number of ways, including by lowering interest rates, purchasing government securities, and easing bank reserve requirements. An instance of when expansive fiscal policy might be employed is during a recession or downturn in the economy. In such a case, the central bank may reduce interest rates to promote lending and investment, which may result in an uptick in consumer spending and corporate activity. The central bank can lower the cost of borrowing by expanding the money supply.
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Which of the following statements are incorrect regarding the treatment of gains and losses? a) the deductibility of capital losses is subject to certain restrictions b) Ordinary losses are fully deductible against ordinary income c) Short-term capital gains are generally taxed at a preferential (lower) rate d) Gains on the sale of a section 1231 assets are eventually characterized ordinary or capital
An incorrect statement on the treatment of gains and losses is c) Short-term capital gains are generally taxed at a preferential (lower) rate.
How are gains and losses treated ?There are restrictions that are applied to the deductibility of capital losses so that people do not claim too much losses to avoid taxes. Ordinary losses however, are fully deductible against the ordinary income earned.
The gains made on the sale of assets in Section 1231 are to be characteriszed as either ordinary or capital. And, short - term capital gains tend to be taxed at a higher rate.
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Helen expects to receive $2000 in six months. Her bank offers a loan at an annual rate of 5.60%. How much could se borrow now if she wants to pa off the entire loan (incuding interest) with the $2000 she will receive in six months?
Answer: 5000
Explanation: ITS MATH
Helen expects to receive $2000 in six months. Her bank offers a loan at an annual rate of 5.60%. She could se borrow $5000 now if she wants to pay off the entire loan (including interest) with the $2000 she will receive in six months
What is a Bank?A bank is an institution that deals in money and its substitutes and provides other money-related services. In its role as a financial intermediary, a bank accepts deposits and makes loans.
It derives a profit from the difference between the costs (including interest payments) of attracting and servicing deposits and the income it receives through interest charged to borrowers or earned through securities.
Many banks provide related services such as financial management and products such as mutual funds and credit cards. Some bank liabilities also serve as money—that is, as generally accepted means of payment and exchange.
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Which behaviors benefits coworkers and colleagues involves assisting, supporting, and developing other organizational members in a way that goes beyond normal job expectations?
Answer:
Interpersonal citizenship behavior.
Explanation:
Interpersonal citizenship behavior can be defined as behaviors that benefits coworkers and colleagues and involves assisting, supporting, and developing other organizational members in a way that goes beyond normal job expectations.
This ultimately implies that, interpersonal citizenship behavior is the extent to which an employee (worker) goes beyond his or her job requirements (descriptions) to help colleagues (co-workers), which either directly or indirectly results in boosting individual job performance, as well as enhancing team work and organizational development.
For example, a line supervisor assisting his or her subordinates that are having a huge or cumbersome workload.
Hence, this voluntary employee behaviors and actions would go a long way to promote unity, foster growth and development and help the organization to successfully achieve its goals and objectives quickly.
What are three possible problems that could be causing the Internet connection issue?
The three possible problems that could be causing the Internet connection issue is
Network Hardware IssuesService DisruptionConfiguration IssuesThe internet connection may be interrupted by hardware issues on the network. This can involve broken network cables, modems, or routers. Intermittent or poor connectivity may be caused by malfunctioning or obsolete equipment.
There could be a service Disruption or outage for your local internet service provider (ISP). This can be because of upkeep, technological difficulties, or infrastructural challenges.
Internet access can be affected by problems with program settings, network arrangements, or incompatible applications. This may entail obsolete network drivers, incorrectly configured network settings, or issues with a firewall or antivirus software.
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On June 15, 2021, Allen sold land held for investment to Stan for $65,000 and an installment note of $300,000 payable in five equal annual installments beginning on June 15, 2022, plus interest at 10%. Allen’s basis in the land is $255,500. What amount of gain is recognized in 2021 under the installment method?
The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14
How to find the gain recognized?First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land
= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500
= 109, 500 / 255, 500
= 42. 857 %
The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021
= 42. 857 % x $ 65, 000
= $27, 857 . 14
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Can someone help me please
Answer: $1,955
Explanation:
First remove the deductible of $800 from the amount:
= 3,100 - 800
= $2,300
The Insurance company will then pay 85% of this amount:
= 85% * 2,300
= $1,955
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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Difference between general environment and industry environment
Answer:
The general environment and industry environment are two different types of external environments that organizations operate in. The general environment refers to the broader external factors that can affect any industry or organization, while the industry environment is specific to the industry in which a company operates. Here are some key differences between the two:
Scope: The general environment encompasses a wide range of factors, such as economic, technological, legal, political, and social factors, that can impact any industry. On the other hand, the industry environment focuses specifically on the factors that affect a particular industry, such as competitors, customers, suppliers, and regulatory agencies.
Level of influence: The general environment tends to have a broader and less direct influence on organizations, while the industry environment has a more direct and immediate impact on a company's operations and competitiveness. For example, changes in consumer trends or government policies may affect many industries, while a new competitor or a change in supplier prices can have a more direct impact on a company's bottom line.
Degree of control: While organizations have little control over the general environment, they may have more control over their industry environment. Companies can take actions such as partnering with suppliers or differentiating their products to try to gain a competitive advantage in their industry.
Strategic implications: Understanding both the general and industry environment is critical for developing a successful business strategy. Companies need to be aware of the broader trends and changes in the general environment that may affect their industry, as well as the specific competitive factors within their industry that can impact their success.
Explanation:
Discuss the principles of management.
Please help
The principles of management are scientific principles that enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.
What are the principles of management?The principles of management enunciated by Henri Fayol enable managers to become efficient and effective include:
Division of WorkDisciplineUnity of DirectionUnity of CommandRemunerationScalar ChainOrderEquityInitiativeEsprit de CorpsThe Degree of CentralizationAuthority and ResponsibilitySubordination of Individual InterestStability of Tenure of Personnel.These principles of management provide guidance to managers in their decision-making and management activities.
Thus, the principles of management enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.
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Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
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How does Maslow hierarchy of need help marketers to create various marketing strategies. Explain your answer with examples.
The Maslow hierarchy of need helps marketers to create various marketing strategies because its already provides a way of evaluating the customers' motivations beyond what raw data will give.
What is the Maslow hierarchy of need?The psychological theory established the motivation theory that models the 5 categories of human needs that helps to dictate an individual's behaviour.
The needs of human according to the Maslow Hierarchy includes Self-actualization, Esteem need, love and belonging need, safety need and physiological needs.
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why do teens spend too much time on electronics?
Answer:Because they be bored out of there mind an they don't have any good personality traits such as making money so they rather rotten there mf brain.
Explanation:
What is the decision and reasoning of the Michael J French v. American Airlines- 2009 US dist. LEXIS 48654 (US district court Utah central division)
The court ruled in favor of American Airlines in the Michael J. French v. American Airlines case, finding that the airline had not broken the Americans with Disabilities Act by mandating that the passenger's service animal remain in a kennel throughout the flight.
An airline passenger's request for a reasonable accommodation under the Americans with Disabilities Act (ADA) was the subject of the Michael J. French v. American Airlines lawsuit in 2009. A disabled traveler named Michael J. French asked American Airlines to give him a special seat for his Golden Retriever service dog on a flight from Utah to Pennsylvania. American Airlines turned down the demand.
The case was handled in Utah's Central Division of the US District Court.
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A rise in the market interest rate will cause the market value of a financial instrument such as a bond to rise. Select one: True False
Answer:
False
Explanation:
As we know that there is an opposite relationship between the price of the bond and the market interest rate. That means if there is a rise in the market interest rate so the price of the bond decreased
And, on the other hand if there is a decrease in the market interest rate so the price of the bond is increased
hence, the given statement is false
Search the library and the Internet for information pertaining to the ethical violation made by an organization, past or present, and be sure not to identify the organization. See if this incident has occurred in other organizations; give 2 examples and their outcomes. (OWN WORDS)
Legitimizations that are Substantial for the Association's Activities Business ethics issues length a great many subjects inside an association's ethical rules. Straightforward moral issues in business include empowering conduct that depends on genuineness and trust, however more complicated issues include obliging variety, humane navigation, consistence, and administration that is reliable with the association's fundamental standards.
Business ethics, typically alluded to as corporate morals, is a subset of applied morals or expert morals that resolves moral or moral issues that might come up in the work environment.
It is critical to the activities of the two individuals and whole organizations and is relevant to all features of business behavior.
People, authoritative declarations, or the overall set of laws all add genuineness to these morals.
These guidelines, goals, moral convictions, and untrustworthy conduct act as an organization' core values.
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1. Do you agree that Awake should be quiet about its Corporate Social Responsibility efforts? 2. If you were CEO of Awake, would you leverage your CSR efforts to market to customers who are more likely to purchase knowing you are considerate of people and planet? 3. What are some risks that you might encounter if you chose to market your CSR efforts loudly?
1. I do not agree that Awake should be quiet about its Corporate Social Responsibility efforts
2. I will leverage the CSR efforts to market to customers who are more likely to purchase knowing you are considerate of people and planet.
3. The risks that you might encounter if you chose to market your CSR efforts loudly is loss of competitive power.
What is the Corporate Social Responsibility?This refers to the idea that a firm should play a positive role in the community and consider the environmental and social impact of its business decisions.
The types of corporate social responsibility of business includes:
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Should Stringtown focus on job fit or organization fit?
The comparative balance sheets for 2021 and 2020 are given below for Surmise Company. Net income for 2021 was $88 million.
Required:
Prepare the statement of cash flows of Surmise Company for the year ended December 31, 2021. Use the indirect method to present cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make reasonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or T-account analysis will be helpful. (Hint: The right to use a building was acquired with a seven-year lease agreement. Annual lease payments of $8 million are paid at January 1 of each year starting in 2021.) (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)
Please see attachment for comparative balance sheets
It can be deduced that the cash flow shows that the net cash provided by operating activities will be $58 million.
How to compute the statement of cash flowCash flow from operating activities
Net income = $54 million
Add: Depreciation $15 million.
Add: Bad debt = $6 million
Add: Amortization expense = $3
Changes in operating assets and liabilities
Decrease in account receivable = $4 million
Increase in inventory = ($9 million)
Increase in prepaid expense = ($2 million)
Decrease in account payable = ($10 million)
Decrease in accrued liability = ($3 million)
Net cash provided by operating activities = $58 million
In conclusion, the net cash provided by operating activities is $58 million.
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Activities would you perform as an entrepreneur?
Answer:
no. because why it make since to person as an entrepreneur
Identify the examples of lifestyles. Check all that apply. 1)Gilbert has very good eyesight. 2)Ronnie has parents with strong political opinions. 3Juniper works long hours and travels for business often. 4)Lynn is good at math. 5)Elmer works from home, and volunteers at an animal shelter. 6)Sue monitors her diet and purchasing habits to reduce her impact on the environment.
Answer: Juniper, Elmer, Sue
Explanation: Just aced the assignment
Sadie is a reporter who has researched an in-depth article about the prevalence of mercury found in local fish. During her investigation she finds that although a few fish have been caught with high levels of mercury, for the most part, they are rare. Considering that Sadie’s organization needs to sell ad space, which title will she MOST likely pick for this article?
A.
No Cause for Alarm with Local Fish
B.
Few Fish Affected by Mercury, Study Finds
C.
Mercury Levels Not an Issue Here
D.
Toxic Ingredients in Local Seafood
The title that Sadie is most likely to pick for the article, considering that her organization needs to sell ad space, is B. Few Fish Affected by Mercury, Study Finds.
Why is the title appropriate ?The title of Sadie's investigation accurately portrays the rarity of local fish with high mercury levels. It puts forward an optimistic perspective by emphasizing the low incidence of mercury within these aquatic species, possibly sparking interest from advertisers and readers.
However, choosing option A which says No Need to Worry About Local Fish, may undermine concerns related to mercury poisoning risks in fish, hindering engagement from people and marketers alike.
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Provide one example of what the citizens of South Africa can do to uplift themselves
Answer:
Citizens of South Africa should endeavor to acquire skills that would make them financially independent.
Explanation:
Poverty and unemployment still remain major problems bedeviling African countries, South Africa inclusive. To uplift themselves, South African people should endeavor to acquire skills that would make them independent. Since the government cannot cater to the needs of everyone, learning a trade or two will help the teeming youths to be productively engaged.
This will go a long way to curb unemployment and its negative consequences such as crime perpetrated by young people. They could learn hard skills like fashion designing, Catering, Mechanized farming, etc. Soft skills would also help them to grow professionally.
An example of what the citizens of South Africa can do to uplift themselves is to develop their community and get the necessary skills and education.
In South Africa today, there are issues of inequality and poverty affecting the people. In order to tackle these issues, it's vital to focus on projects that can help the poor in society. This can be through the creation of jobs.Furthermore, it's vital for people to develop their skills. Skill courses and mentorship programs should be engaged in order for the people to improve their standard of living.Lastly, companies should be socially responsible and find ways through which they can help the poor.Read related link on:
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What is the primary determinant of one's personal ethical standard?
Answer:
The primary determinant of one's personal ethical standard is one's goals and expectations, but it can also be religion for some people.
The primary determinant of one's personal ethical standard are the moral development, family influences, life experiences.
What is ethical standard?Ethical standards are ideals that promote trust, ethical behavior, and fairness while also guiding a person's activities. Ethics is what motivates us to speak the truth, fulfill our vows, and assist those in need. When a company establishes a professional ethical code of conduct, it aligns employee behavior.
The personal ethical standard is defined by one's aspirations and expectations. Community, religion, and legal and moral considerations all have an impact on ethical behavior. Moral growth, family influences, personal ideals, life experiences, and peer influences all influence a person's ethical standards.
As a result, the primary determinant of one's personal ethical standard are the moral development, family influences, life experiences.
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Daris Corporation is authorized to issue 1,000,000 shares of $5 par value common stock
During 2018. its first year of operation, the company has the following stock transactions
per share
Jan 1 Paid the state RM2,000 for incorporation fees
Jan 15 Issued 500.000 shares of stock at RM7
Jan
30 Attorneys for the company accepted 500 shares of common stock as payment for
legal services rendered in helping the company incorporate. The legal services are
estimated to have a value of RM8.000
July 2 Issued 100,000 shares of stock for land. The land had an asking price of
RM900.000. The stock is currently selling on a national exchange at RMS per
share
Sept 5 Purchased 15,000 shares of common stock for the treasury at RM10 per share
Dec 6 Sold 11,000 shares of the treasury stock at RM11 per share
Required:
Journalize the transactions for Daris Corporation
Answer:
Daris Corporation
General Journal:
Jan. 1:
Debit Incorporation fees RM2,000
Credit Cash Account RM2,000
To record the payment of incorporation fees to the state.
Jan. 15:
Debit Issue of Shares RM3,500,000
Credit Common Stock RM3,500,000
To record issue of 500,000 shares at RM7 per share.
Jan. 30
Debit Legal Fees RM8,000
Credit Issue of Shares RM3,500
Credit Additional Paid-in Capital RM4,500
To record the issue of 500 shares to settle legals fees of RM8,000
July 2:
Debit Land RM900,000
Credit Issue of Share RM700,000
Credit Additional Paid-in Capital RM200,000
To record the issue of 100,000 shares of stock for land.
Sept. 5:
Debit Treasury Stock RM105,000
Debit Additional Paid-in Capital RM45,000
Credit Cash Account RM150,000
To record the repurchase of 15,000 shares of common stock at RM10 per share.
Dec. 6:
Debit Cash Account RM121,000
Credit Treasury Stock RM77,000
Credit Additional Paid-in Capital RM44,000
To record the resale of 11,000 shares of the treasury stock at RM11 per share.
Explanation:
The Additional Paid-in Capital (APIC) or sometimes referred to as Excess Capital over Par Value is an equity account where the above and below par value of the sale and repurchase of stock is recorded. This makes the Stock account to maintain a stable figure. This implies that the changes caused by above and below par value is taken care in this account. It also takes care of treasury stock above and below par value sale.
Treasury stock is a common stock contra account. It means that the value of the treasury stock reduces the value of the common stock. There are two methods for treating the above and below par value in treasury stock. One method is the costing method which records the changes in the treasury stock account. The other method is the par value method. With this method, only the par value of treasury stock is recorded in the account. The above and below par value changes are recorded in the Additional Paid-in Capital account.
HURRY
Why can it be more expensive for clients to host a catered event at their home than at a hotel or restaurant?
It would be more expensive to host the event in their home than at the hotel due to the cost of the rental properties.
What are the rental properties needed for a home event?These would be for properties such as chairs, tables, china, linens and glass ware.
While hosting in a hotel, these properties would be provided by the event centre.
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On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows:
September 30 through December 31, 2021 $3,600,000
January 1 through February 28, 2022 1,500,000
March 1 through April 30, 2022 594,000
Athens expects a useful life of four years for the software and total revenues of $7,800,000 during that time. During 2022, revenue of $1,560,000 was recognized.
Required:
a. Prepare a journal entry to record the development costs in each year of 2021 and 2022.
b. Calculate the required amortization for 2022.
Answer:
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
B. $148,500
Explanation:
1. Preparation of the journals entry
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
(To record the expenses incurred on research and development)
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
(1,500,000+594,000)
(To record the software development costs incurred)
2.Calculatation for the amortization for 2022
Using percentage of revenues method
Amortization= Current revenue/Total revenue* Software development costs
Amortization=$1,560,000/$7, 800,000*$594,000
Amortization=0.2*$594,000
Amortization=$118,800
Using straight line method
Amortization =1/Useful life* Software devel opment costs
Amortization=1/4*$594,000
Amortization=$148,500
Based on the above calculation Tmte expense amounts under straight-line method is higher . Which means that , the amortization is $148,500.
The ____ major responsibility for keeping all dishes and utensils sanitary
The complete statement is "The food handler's major responsibility for keeping all dishes and utensils sanitary"
Who is a food handler?Generally, A person is considered to be a food handler if they directly touch food, whether it be packaged or unpackaged, as well as the apparatus and utensils used to make or serve food, and/or the surfaces where food is prepared or served.
In conclusion, The whole statement reads as follows: "The food handler has the primary responsibility for maintaining the cleanliness of all dishes and utensils."
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answer the following questions, please
The cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.
How did we arrive at this assertion?To prepare a production cost report for the Welding Department for the month of February, we need to calculate the following:
1. Equivalent units of production for materials, labor, and overhead.
2. Cost per equivalent unit for materials, labor, and overhead.
3. Total costs assigned to units transferred out and ending work in process.
4. Cost reconciliation.
Let's calculate each of these steps:
Step 1: Equivalent Units of Production
Equivalent units of production are calculated based on the percentage of completion for units in process.
For materials:
Beginning work in process: 15,000 units x 10% complete = 1,500 equivalent units
Units transferred in: 64,000 units
Ending work in process: 25,000 units x 20% complete = 5,000 equivalent units
Total equivalent units for materials: 1,500 + 64,000 + 5,000 = 70,500 equivalent units
For labor and overhead:
Since the given data does not provide the percentage of completion for labor and overhead, we assume it is the same as for materials. Therefore, the equivalent units for labor and overhead will also be 70,500 units.
Step 2: Cost per Equivalent Unit
To calculate the cost per equivalent unit, we divide the total costs by the total equivalent units.
Cost per equivalent unit for materials: $135,000 / 70,500 units = $1.91 per unit
Cost per equivalent unit for labor: $57,000 / 70,500 units = $0.81 per unit
Cost per equivalent unit for overhead: $35,100 / 70,500 units = $0.50 per unit
Step 3: Total Costs Assigned
To calculate the total costs assigned to units transferred out and ending work in process, we multiply the cost per equivalent unit by the equivalent units for each category.
For units transferred out:
Materials: 64,000 units x $1.91 per unit = $122,240
Labor: 64,000 units x $0.81 per unit = $51,840
Overhead: 64,000 units x $0.50 per unit = $32,000
For ending work in process:
Materials: 25,000 units x $1.91 per unit = $47,750
Labor: 25,000 units x $0.81 per unit = $20,250
Overhead: 25,000 units x $0.50 per unit = $12,500
Step 4: Cost Reconciliation
To reconcile the costs, we compare the total costs assigned to units transferred out and ending work in process with the beginning work in process costs.
Beginning work in process costs: $32,175
Total costs assigned to units transferred out: $122,240 + $51,840 + $32,000 = $206,080
Total costs assigned to ending work in process: $47,750 + $20,250 + $12,500 = $80,500
Total costs: $206,080 + $80,500 = $286,580
Since the total costs assigned exceed the beginning work in process costs, there may be some additional costs that need to be investigated or accounted for.
The production cost report for the Welding Department for the month of February is as follows:
------------------------------------------------------------------------
| | Equivalent Units | Cost per Equivalent Unit | Total Costs |
------------------------------------------------------------------------
| Materials | 70,500 | $1.91 | $135,000 |
| Labor | 70,500 | $0.81 | $57,000 |
| Overhead | 70,500 | $0.50 | $35, 100 |
------------------------------------------------------------------------
| Total (Transferred-out) | 64,000 | | $227,240 |
| Ending work in process | 25,000 | | $80,500 |
------------------------------------------------------------------------
| Total Costs $307,740 |
------------------------------------------------------------------------
Note that the cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.
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What is YTM of a bond that matures in 23 years with semiannual coupon payments if quoted price is 103.203, par value $2,000 coupon rate of 6.81%?
The YTM is 6.54% for the required period of time. YTM means yield to maturity.
What is the meaning of YTM?A rate of return estimate is the yield to maturity (YTM). It is assumed that the bond buyer would keep the bond until it matures and that they will reinvest all interest payments at the same interest rate. Consequently, the coupon rate is taken into account while calculating yield to maturity. YTM is another name for the yield on redemption.
According to given question
Face value=$ 2000
Current price= 2000*(103.203/100)=2064.06
Time=23*2=46
Coupon=6.81*2000*5=68.1
YTM=[(68.1+((2000-2064.06)/46))/(2000+2064.06)/2)*2
YTM=6.54%
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