On April 1, 2020, Republic Company sold equipment to its wholly owned subsidiary, Barre Corporation, for $40,000. At the time of the transfer, the asset had an original cost (to Republic) of $60,000 and accumulated depreciation of $25,000. The equipment has a five year estimated remaining life. Barre reported net income of $250,000, $270,000 and $310,000 in 2020, 2021, and 2022, respectively. Republic received dividends from Barre of $90,000, $105,000 and $120,000 for 2020, 2021, and 2022, respectively. What was the amount of the credit to depreciation expense on the 2020 consolidation worksheet

The value of the firm according to M&M proposition 1 with taxes will be as follows,

WACC = .12 = (100/160)RE+ (60/160)(.08)(.65) ;RE= .1608

RE= .1608 = RU+ (RU– .08)(.6)(.65) ;RU= .1381

VU= EBIT(1 – t)/RU= ($26,000)(.65)/.1381 = $122,348.96

VL= VU+ Dt = $122,348.96 + .35D = $140,833.33

Or

VL= EBIT(1 – t)/WACC = ($26,000)(.65)/.12

= $140,833.33

Miller and Modigliani theory mentions two propositions. Proposition I state that the market value of any firm is independent of the amount of debt or equity in capital structure. Proposition II states that the cost of equity is directly related and incremental to the percentage of debt in the capital structure.

B) Applying M&M Proposition with tax the capitals, the firm has increased its value by issuing debt. As long as M&M Proposition holds, that is, there are no bankruptcy costs and so then the company should continue to increase its debt equity ratio to maximize the value of the firm.

Thus, the value of the firm according to M&M proposition 1 with taxes will be $140,833.33.

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Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.

1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.

2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.

3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.

4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.

5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.

6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.

7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.

In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.

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Since the primary goal of the seasonal team is to guarantee that products are available as and when needed and in the appropriate quantities, the vendor must have some qualities.

These include-

Analysis of Vendors-

1. The advantages of vendor P-

-P include great flexibility and little customer complaints. The amount transported is small, despite the fact that delivery times are long and rising by 10%. P cannot thus be suggested.

2. Vendor D-

D is very adaptable, customer problems are growing by 10%. Furthermore, despite the great quantity, only a small percentage of the items are delivered on time. D thus cannot be suggested.

3. Vendor K -

K has a modest level of flexibility and some growing customer difficulties (the latter by 10%). While they are delivered on time, the amount sent is fair. K is therefore advised.

Hence keeping the Seasonal Product Team's needs in mind, the vendors  K, P, D can be ranked in orders as 1,2,3 respectively.

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Answer:

The liquidity trap occurs when interest rates are at or close to 0%, but people still hoard cash instead of spending or investing it, hampering monetary ...

Explanation:

An increase in the money supply reduces the equil interest rate for any given price level. Because a lower interest rate stimulates investment spending, ...

Answer:a

Explanation:

The basic purpose of IDP is to assist the employees in their career and personal development.

The purpose means the reason for which something can be done or created.

The basic purpose of IDP is to help employees for reaching short and long-term career goals as well as to improve their current job performance.

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By definition, the price elasticity of demand for gasoline is -2.33.

The price elasticity of demand is a measure used to show the responsiveness, or elasticity, of the quantity demanded of a good or service to changes in the price of that good or service.

That is, the price elasticity of demand indicates to what extent changes in price alter the demand for specific products or services.

The price elasticity of demand is calculated by dividing the percentage change in demand by the percentage change in price, resulting in the following expression:

\(Elasticity=\frac{percentage change in quantity demanded}{percentage change in price}\)

\(Elasticity=\frac{\frac{deltaQ}{Q} }{\frac{deltaP}{P} }\)

where:

Knowing that:

First, the percentage change in quantities is calculated as follows:

Now the percentage change in price is determined as follows:

Finally, the price elasticity of demand is calculated as:

\(Elasticity=\frac{33.3}{-14.3}\)

Solving:

Elasticity= -2.33

In summary, the price elasticity of demand for gasoline is -2.33.

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Answer:

Job option 2 has a high pay per day

Explanation:

Job option 1:

The total number of hours worked in job 1 will be 365- 10 days of vacation. Pay per day

=$50,000/ (365 - 10)

=$50,000/ 355

=$140,845

Job option 2:

total hours worked will be 365 - 25

Pay per day

=$48,000/ 340

=$141.17

Job option 2 has a high pay per day

Explanation:

The following are some precautions a food handler should take:

ERISA mandates that all employees must have the opportunity to be vested in their pension plans so that the plan will stay with the employee regardless of whether the employee stays with the company. The Option C is correct.

To an employee, a vesting in a retirement plan means having an ownership; this means that each employee will vest or own a certain percentage of their account in the plan each year.

An employee that is 100% vested in his or her account balance owns 100% of it and he/she employer cannot forfeit or take it back for any reason. The amounts that are not vested may be forfeited by employees when they are paid their account balance. For example, if the employee terminates employment.

In conclusion, in addition, an employee's own contributions to the plan are also always 100% vested or owned by the employee.

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The present value amount, given the principal and the partial table of the present value, will be $20,017.28

The present value amount will be the current value of an amount that is denoted in future terms. To find this amount, you need to discount the future amount by a certain discount interest rate, and the number of periods into the future.

The interest rate here is 10% and the amount in 2 years is $24, 234.

Given the partial table of present value of $1 at compound interest, we known that the discount factor for 2 years at 10% is 0.826.

The present value of $24, 234 from two years in the future, in the present is:

= Future value amount x Present value factor for 2 years, 10 %

= 24, 234 x 0.826

= $20, 017.28

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Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.

When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.

Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.

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If John Box Inc. has an annual interest expense of $30,000 and

pays income tax equal to 40 percent . John Box's net income is; $56,700.

To calculate John Box Inc.'s net income, we first need to find its earnings before interest and taxes (EBIT). We can use the times-interest-earned ratio to find EBIT.

The times-interest-earned ratio is calculated as:

EBIT / Interest Expense = Times-Interest-Earned Ratio

We can rearrange this formula to solve for EBIT:

EBIT = Times-Interest-Earned Ratio * Interest Expense

Plugging in the given values, we have:

EBIT = 4.2 * $30,000

EBIT = $126,000

Now that we know EBIT, we can calculate John Box Inc.'s taxable income by subtracting interest expense from EBIT:

Taxable Income (EBT) = EBIT - Interest Expense

Taxable Income (EBT) = $126,000 - $30,000

Taxable Income (EBT) = $96,000

Finally, we can calculate John Box Inc.'s net income by subtracting income tax from taxable income:

Net Income = Taxable Income (EBT) - Income Tax

Net Income = $96,000 - (40% * $96,000)

Net Income = $96,000 - $38,400

Net Income = $57,600

Therefore, John Box Inc.'s net income is $57,600.

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Answer:

Keep your customers informed.

Reassure your customers.

Explain what you have to offer.

Send special offers via email.

Be personal.

Educate your customers.

Meet virtually.

One of the most beneficial number formats is the proportion (%) format. It shows values as percentages, such as 20% or 55%. This is specially useful when calculating matters like the value of income tax or a tip.

A income tax ID is a range supplied to you through your country tax authority after you register with them to gather taxes. This number is issued by using states to permit you to cost taxes there. You want a sales tax ID variety solely if you determine that you want to cost taxes in a unique state.

GSTIN is the Goods and Services Tax Identification Number. It is a tax registration range that comes under the Goods and Services Tax (GST). This is a 15-digit number that is assigned state-wise to every taxpayer.

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The topic sentence in each step of a process analysis should identify the reason for doing the step. The correct option is C.

A process analysis essay explains how to carry out a task or how a process operates. The steps for writing a process analysis essay are the same regardless of the situation. The procedure is broken down into distinct, definite steps. A step-by-step process is used in almost everything writers do.

Product analysis is carried out as part of the Define Scope process to produce a comprehensive scope at the end. The goals and description of the product as stated by the client or sponsor are examined during the product analysis process. It is anticipated that analysis will lead to concrete project deliverables.

Thus, the ideal selection is option C.

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Your Question seems incomplete, most probably your complete question was:

The topic sentence in each step of a process analysis should identify:

a

the outcome of the step

b

the final product

c

the reason for doing the step

d

pitfalls of the step

A journal entry is used to record a business transaction in the accounting records of a business. This is given below.

Journal entries for the first full week of the year and paid on January 7:

a. To record the payroll:

Salaries Expense $665,000

Cash $534,600

U.S. Savings Bonds Payable $14,630

Group Insurance Payable $11,970

Income Tax Payable $116,800

Social Security Payable $39,900

Medicare Payable $9,975

b. To record employer's payroll taxes on the payroll for the first week of the year:

Payroll Tax Expense $53,564

Social Security Payable $39,900

Medicare Payable $9,975

Federal Unemployment Tax Payable $5,320

State Unemployment Tax Payable $8,369

Journal entries for the last week of the year and paid on December 31:

a. To record the payroll:

Salaries Expense $665,000

Cash $534,600

U.S. Savings Bonds Payable $14,630

Group Insurance Payable $11,970

Income Tax Payable $116,800

Social Security Payable $39,900

Medicare Payable $9,975

b. To record employer's payroll taxes on the payroll for the last week of the year:

Payroll Tax Expense $2,600

Federal Unemployment Tax Payable $304

State Unemployment Tax Payable $2,296

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Answer:

1. In the books of Denver

Dr Accumulated depreciation 55000

Dr Warehouse (new) 30000

Dr Loss on disposal 7000

Cr Warehouse (old) 90000

Cr Cash 2000

2. In the Books of Bristol:

Dr Cash 2000

Dr Warehouse (new) 28,000

Dr Accumulated depreciation 25000

Cr Loss on disposal 10000

Cr Warehouse (old) 45000

Explanation:

1. Preparation of the journal entries for Denver

In the books of Denver

Dr Accumulated depreciation 55000

Dr Warehouse (new) 30000

($28000 + $2000)

Dr Loss on disposal 7000

(90,000+2,000-55,000-30,000)

Cr Warehouse (old) 90000

Cr Cash 2000

(Being To record the exchange of warehouse)

2. Prepare of the journal entries for Bristol

In the Books of Bristol:

Dr Cash 2000

Dr Warehouse (new) 28,000

($30000 - $2000)

Dr Accumulated depreciation 25000

Cr Loss on disposal 10000

(2000+28,000+25,000-45,000)

Cr Warehouse (old) 45000

(Being To record the exchange of warehouse)

The demand elasticity is recognise the value which measures the change in the quantity requested whenever the income changes inside a given percentage. Its formula is em = change in percent in M by Q/percent, and the further calculation can be defined as follows:

\(\to em (flops) = \frac{+12\% }{+16\%} = +0.75\) Because em is +, flops are a regular good.

\(\to em (clubs) = \frac{-14\%}{+16\%} = -0.875\ \ or \ -0.88\) Because em is -, clubs are good less.

\(\to em (aces) = \frac{+28\%}{+16\%} = +1.75\) Aces are a normal good since em is +.

The elasticity of luxury goods exceeds that and that's why ACES are luxury goods.

Therefore, the final answer is "Hence".

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Answer:

read the paragraph and get the answer

Answer:

Bottom one for sure and least I think is either top one or the second to last.

Pairs of the number of children in a family and the number of toys the family owns are most likely to be inversely related variables. So, the correct answer is Option C.

•Two variables are inversely connected if the rise of one causes the decline of the other. For example, if a good's price increases, there are fewer of them available.

•A well-known example is the correlation between interest rates and consumer spending. Customers are less likely to make purchases when interest rates rise, so they are more prepared than they would be to save. Consumer spending decreases as unemployment increases because people have less money to spend.

• On the other hand, two variables in the data set make reference to one another, thus one is high while the other is low. Even though there is a strong negative correlation between two variables, neither variable's action can be said to have a measurable effect on the other. The relationship between two variables may evolve over time and occasionally exhibit an optimistic relationship.

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All bank charges that appear on your bank statement and have not yet been documented in your company's books should be entered as expenses.

The cash balance on a company's balance sheet and the corresponding amount on its bank statement are compared in a document called a bank reconciliation statement. comparing the two accounts, it is possible to determine whether accounting changes are necessary. By ensuring that all transactions that have been recorded on the bank statements have been reviewed and verified, bank reconciliation lowers the likelihood that the data used to prepare the accounts contains errors. Account reconciliation types.The cash balance on a company's balance sheet and the corresponding amount on its bank statement are compared in a document called a bank reconciliation statement. By comparing the two accounts, it is possible to determine whether accounting changes are necessary.

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On a bank reconciliation, the amount of. bank service charge not yet recorded by the company should be

a. enter the expense

b. not to enter the expence

Answer:

d

Explanation:

most like they need a total cost to know the exact amount

Answer:

discount window and swaps

The cost of the subsidy program for the representative consumer would be $6.

In this scenario, we have a government subsidy program that reduces the price of food for poor consumers from $3 per unit to $2 per unit. The typical poor consumer has a budget of $12 and faces a price of $1 for all other goods (AOG).

To determine the cost of the subsidy program for the representative consumer, we need to consider the quantity of food that the consumer can purchase before and after the subsidy.

Before the subsidy:

With a budget of $12 and food priced at $3 per unit, the consumer can afford to purchase $12 / $3 = 4 units of food.

After the subsidy:

With the subsidy reducing the price of food to $2 per unit, the consumer can now purchase $12 / $2 = 6 units of food.

The difference in the quantity of food purchased before and after the subsidy is 6 - 4 = 2 units.

To calculate the cost of the subsidy program, we multiply the additional quantity of food (2 units) by the original price of food ($3 per unit):

Cost of the subsidy = 2 units * $3 per unit = $6.

Therefore, the cost of the subsidy program for the representative consumer would be $6.

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