Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations.
Sales revenue $334910
Cost of goods sold 149030
Selling and administrative expenses 54000
Gain on sale of plant assets 32710
Unrealized gain on available-for-sale debt investments 9080
Interest expense 6360
Loss on discontinued operations 11260
Dividends declared and paid 4660
Compute the following:
(a) Income from operations -
(b) Net income -
(c) Comprehensive income
(d) Retained earnings balance at December 31, 2020 -

Answers

Answer 1

Answer and Explanation:

The computation is shown below:

a.

Sales Revenue $334,910

Less: expenses  

Cost of goods sold $149,030

Selling and administrative expenses $54,000

Income from Operations $131,880

b.

Income from Operations $131,880

Add: Gain on sale of Plant assets $32,710

Less:  

Interest expenses $6,360

Loss on discontinued operations $11,260

Net income $146,970

c.

Net income $146,970

Add: Unrealized Gain $9,080

Comprehensive Income $156,050

d.

Retained earnings

Net income $146,970

Less: Dividend declared and paid $4,660

Retained earnings $142,310


Related Questions

Phillipe has two job offers as given below and really has no preference for either company. Compare the total
compensations for the job offers and explain which job you think Phillipe should accept and why.
Company A
Company B
Gross pay $62,000
Gross pay $60,000
Medical insurance $3,400
25% of gross pay in employee benefits
Paid time off $8,000
Retirement $2,700
Job expenses $800

Answers

Answer:Company A

Explanation:

When everything it totaled out company A is the better option. With company A he will get more annual gross pay, and the benefits cost $14,900. But with company B he would be making $2,000 less than company A, and would be paying $15,000 for benefits.

Phillipe should accept Company A

Company A Total compensations

Gross pay $62,000

Medical insurance $3,400

Paid time off $8,000

Retirement $2,700

Less Job expenses ($800)

Total compensations $75,300

Company B Total compensations

Gross pay $60,000

25% of gross pay in employee benefits $15,000

($60,000×25%)

Total compensations $75,000

Based on the above calculation  Phillip should accept Company A  reason been that:

•Company A  offers more benefits

• The Total compensations  is higher than that of Company B.

Inconclusion Phillipe should accept Company A

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Best practice standards are

Answers

Best practice standards means principles of care that reflect the type and implementation of service recommended by research, professional literature, and professional experience.

It involves keeping up to date with the ways that successful businesses operate in your sector and others, and includes measuring your ways of working against those used by the market leaders.

Areas where best practice standard can be applied

1 - Communication

2 - Leading by Example

3 - Setting and Demanding Realistic Goals

4 - Open Management Style

5 - Strategic Planning

Strict best practice guidelines may be set by a governing body or may be internal to an organisation.

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Tweaking the Initial Assembly-Line Design From past experience, Toshihiro has found that the initial assembly-line design supplied by the engineers often needs to be tweaked. Consider the following questions that Toshihiro is considering: What is the daily capacity of the assembly line designed by the engineers

Answers

Answer:

259 units per day.

Explanation:

The line operates for 7.5 hours per day. Workstation 4 is the bottleneck in the initial line balance, limiting the cycle time to 1.73 minutes, so output is limited to 34.61 units/hours × 7.5 hours = 259 units per day.

please help! thank you!
the risks of borrowing money include:
A. tax-deductible interest on borrowing
B. a convenient way to make purchases
C. an increase to your credit limit
D. harm to your credit reputation

Answers

Answer:

D

Explanation:

Whether you have a loan or a credit card, making late payments or missing payments can cause your credit score to fall.

Min-Ahn spends 1.5 hours creating a 35-slide PowerPoint presentation for his POM class, while Ying takes only 45 minutes to prepare his 28- slide presentation. Which of the following is correct?
a) Min-Ahn's productivity is 0.39
b) Ying's productivity is 37.33
c) Ying's productivity is 0.622
d) All of the above

Answers

Answer:

A

C

Explanation:

Productivity = total amount of slides created / total time in minutes

Min-Ahn's productivity = 35 / 90 = 0.3889

To convert Min-Ahn's time to minutes , remember that 60 minutes = 1 hour

so, (1 x60) + 30 minutes = 90 minutes

Ying's productivity = 28/45 = 0.622

What value is usually
associated with the term
(Y)"?
A. Interest Rate
B. Real Output
C. Equilibrium Price
D. M1

Answers

Answer:

B real output. Have a great Friday. Enjoy the weekend.

Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.

Answers

If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.

To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.

For MAC1: MAC1 = 100 - 10E

For MAC2: MAC2 = 50 - 10E

To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.

Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E

Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.

MD = Aggregate MAC

30E = 150 - 20E

Simplifying the equation, we get:

50E = 150

E = 3

Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.

Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.

Net social costs = Aggregate MAC - MD

Net social costs = (150 - 20(4)) - (30(4))

Net social costs = 110 - 120

Net social costs = -10

The net social costs of this policy would be -10, indicating a net benefit to society.

If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.

Setting MAC1 equal to MAC2:

100 - 10E = 50 - 10E

Simplifying the equation, we find that E can have any value, as both sides are equal.

Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.

In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.

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NBM common stock recently paid annual dividend in the amount of $2.25 per share. The analyst’s estimate of the firm’s growth forecast over the next 4 years is 18.00% and over 3 years after that of 16.5%. You expect the firm to slow down in the long run and estimate the long-term growth rate after 7 years to be 6.5%. If the required rate of return on the stock is 11%, what is your estimate of the stock price?

Answers

Using the dividend discount model with given growth rates and required rate of return, the estimated stock price for NBM common stock is calculated by discounting future dividends, resulting in the stock price.

To estimate the stock price of NBM common stock, we can use the dividend discount model (DDM) which calculates the present value of future dividends.

First, let's calculate the dividends for the next 7 years:

Year 1: $2.25 (given)

Year 2: $2.25 * (1 + 18%) = $2.655

Year 3: $2.655 * (1 + 18%) = $3.1399

Year 4: $3.1399 * (1 + 18%) = $3.7029

Year 5: $3.7029 * (1 + 16.5%) = $4.3177

Year 6: $4.3177 * (1 + 16.5%) = $5.0273

Year 7: $5.0273 * (1 + 6.5%) = $5.3485

Next, let's calculate the present value of these dividends using the required rate of return of 11%:

PV = D1 / (1 + r) + D2 / (1 + r)^2 + ... + D7 / (1 + r)^7

PV = $2.25 / (1 + 0.11) + $2.655 / (1 + 0.11)^2 + $3.1399 / (1 + 0.11)^3 + $3.7029 / (1 + 0.11)^4 + $4.3177 / (1 + 0.11)^5 + $5.0273 / (1 + 0.11)^6 + $5.3485 / (1 + 0.11)^7

Finally, summing up the present values, we can estimate the stock price:

Stock Price = PV

Calculating this equation will give the estimated stock price of NBM common stock.

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Suppose a country`s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade,

Answers

Suppose a country`s workers can produce 4 watches per hour or 12 rings per hour. If there is no trade,: The opportunity cost of 1 watch is 3 rings.

What is opportunity cost?

Opportunity cost can be defined as the way in which a person tend to forgone others alternative as a result of choosing an alternatives .

Example of opportunity cost is when a student choose to forgone the choice of watching a movies because the student want to read for his/her examination.

Now let find the opportunity cost;

Opportunity cost = 12 rings  / 4 watches per hour

Opportunity cost =  3 rings

Therefore the opportunity cost of 1 watch is 3 rings.

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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!!

Answers

Answer:

The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.

Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.

Answers

We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.

Funds for starting the business: $1 million in funding from Andy Bechtolsheim.

Employee data: over 160,000 employees worldwide.

What is a company?

A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.

Their products are digital and online services.

Comparing this company, we see Microsoft.

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Rather than merely counting media exposures, a better measure of marketing public relations effectiveness is the ________. A) number of promotional tools required B) effect it has on its market capitalization C) change in product awareness, comprehension, or attitude D) changes observed in media behavior E) impact it has on the company's market share

Answers

Answer:

D) changes observed in media behavior

Explanation:

The public relation effectiveness is the marketing principle, that is used t measure how effectively the public relation or paid campaign is moving their paid, earned share. There are various methods to measure this such as media content analysis, social media reach and engagement, and sales figures.

Three years ago, Adrian purchased 430 shares of stock in X Corp. for $70,950. On December 30 of year 4, Adrian sells the 430 shares for $64,070. (Leave no answers blank. Enter zero if applicable. Loss amounts should be indicated with a minus sign.)

a. Assuming Adrian has no other capital gains or losses, how much of the loss is Adrian able to deduct on her year 4 tax return?

Answers

Answer:

6,880

Explanation:

The practice of recruiting, hiring, deploying, and managing an organization's
employees is
Omarketing
onboarding
accounting
human resource management

Answers

The practice of recruiting, hiring, deploying, and managing an organization's employees is referred to as human resource management (HRM). This essential function encompasses all aspects of employee management, from hiring and onboarding to training, compensation, performance management, and career development. The correct option is e.

HRM plays a crucial role in ensuring that the right people are hired for the right jobs, that they are trained and equipped to succeed, and that they are effectively managed throughout their tenure with the organization. HRM professionals must have strong interpersonal skills, as well as an understanding of employment laws, regulations, and best practices.

They must also be skilled in data analysis, communication, and problem-solving. In short, HRM is a critical function that ensures that an organization's most valuable asset, its people, are effectively recruited, deployed, and managed to achieve the company's goals. Without effective HRM, companies risk high employee turnover, low productivity, and a negative impact on their bottom line. The correct option is e.

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To help audiences understand large amounts of information, which visuals are the most suitable?

Answers

different between isoquant and isocost

Why should a global marketing manager consult local attorneys in other countries before creating a marketing campaign abroad?

Answers

Because it could be against the law and they can help you with marketing

What is the name given to the study of how wealth is created and distributed?
O Marketing
O Economics
O Finance
O Capitalism

Answers

Answer:

What is the name given to the study of how wealth is created and distributed?

O Marketing

O Economics

O Finance

O Capitalism

(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.

Answers

International trade refers to the exchange of goods and services across national borders. It plays a significant role in promoting economic growth and providing several global benefits.

One of the primary advantages of international trade is that it allows countries to specialize in producing goods and services in which they have a comparative advantage. This means that countries can focus on producing goods that they can produce more efficiently and at a lower cost compared to other countries. As a result, resources are allocated more efficiently, leading to increased productivity and higher standards of living.Furthermore, international trade enables countries to access a wider variety of goods and services that may not be available domestically. This increases consumer choices and provides opportunities for individuals to enjoy a higher quality of life. For example, consumers in a landlocked country can still enjoy fresh seafood by importing it from coastal countries. Similarly, individuals in colder climates can purchase tropical fruits from countries where they are grown.Multinational corporations (MNCs) also contribute to the global benefits of international trade. These are companies that operate in multiple countries, with business activities ranging from production to distribution. MNCs play a crucial role in facilitating international trade by establishing global supply chains, investing in foreign markets, and creating jobs. They bring capital, technology, and managerial expertise to host countries, which can lead to economic development and improved living standards.Moreover, MNCs often engage in research and development (R&D) activities, driving innovation and technological advancements. This can have far-reaching benefits for both the host country and the global economy. For instance, a multinational pharmaceutical company conducting R&D in a developing country may discover new drugs or medical treatments that can benefit people worldwide.

In conclusion, international trade and multinational corporations provide numerous global benefits. They promote specialization, resource allocation efficiency, and access to a wider variety of goods and services. Additionally, MNCs contribute to economic development, job creation, innovation, and technological advancements. Overall, international trade and MNCs play a crucial role in fostering economic growth and improving the well-being of individuals and nations around the world.

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A restaurant manager wanted to get a better understanding of the tips her employees earn, so she decided to record the number of patrons her restaurant receives over the course of a week, as well as how many of those patrons left tips of at least 15%. The data she collected is in the table below.

Day Mon. Tue. Wed Thu. Fri Sat Sun.
Patrons 126 106 103 126 153 165 137
Tippers 82 87 93 68 91 83 64

Which day of the week has the lowest experimental probability of patrons tipping at least 15%?
a. Sunday
b. Saturday
c. Friday
d. Thursday

Answers

Answer:

a. Sunday

Explanation:

Probability ranges from 0-1. 0 being the least chance and one being completely sure.

The probability of receiving a tip of at least 15% for the different days is as follows

Monday : 82/126 = 0.65

Tuesday: 87/106= 0.82

Wednesday: 93/103= 0.90

Thursday : 68/126 = 0.54

Friday :91/153= 0.59

Saturday: 83/156 = 0.53

Sunday: 64/137= 0.46

The day with the lowest probability is Sunday.

Answer:

A. Sunday

Explanation:

I got it right on edge :)

How can the implementation of Supply Chain Risk Management processes be organised within and across companies?

Answers

Supply Chain Risk Management (SCRM), it is "the application of strategies to manage both routine and extraordinary risks along the supply chain based on continual risk assessment with the purpose of minimising vulnerability and maintaining continuity."

The implementation of Supply Chain Risk Management activities within and between businesses can be organised like these:

Evaluate risks Every supply chain connection and each of its risks must be taken into account. Natural catastrophes, weather-related incidents, unrest in other countries' economies, and all of the aforementioned factors could cause delays, increased costs, and a decline in sales and consumer satisfaction. Even if certain dangers are impossible to foresee, they should be included on the list. Historical allusions are usually welcome since they bring important life lessons.Calculate RiskEach risk's likelihood and potential impact on the supply chain are evaluated at this phase. While some dangers can only result in small disruptions, others might be fatal. Scores can be assigned to each risk based on how likely it is to occur and how serious it would be. The assignment of a quantifiable number and/or colour to each risk aids in helping critical employees identify and order the dangers.Build back-up plansResponse is the main focus of step three. Companies can role-play to figure out who and how they would react to each incident if it happened by creating "what if" scenarios. These responses can be as thorough as the business is willing to go. From a rigid protocol-based role-by-role flowchart to a more straightforward set of actions that would take place before, during, or after an event.

Thus, through aforementioned ways the implementation of Supply Chain Risk Management processes be organised within and across companies.

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When a suspect is read his or her Miranda rights, he or she is reminded that he or she ______.


does not have the right to an attorney

does not have the right to remain silent

must answer all police questions

has the right to remain silent

Answers

He or she has the right to remain silent

2/2
John's employer offered him health insurance coverage for $125 per month that would
cover him as an individual. However, he was also offered the option to cover himself, bis
wife, and his child for $295 a month. How much extra would it cost John annually to add
his family to his health insurance?

Answers

I’m not sure but I think it’s 375$

When others have helped you write a report, you usually thank them in an acknowledgments section somewhere in the report

Answers

Answer: Acknowledgments are a section in a report where you thank and credit the individuals or organizations who have helped you in your work.

Explanation: In academic or professional writing, it is common practice to include an acknowledgments section in a report where you can thank and credit individuals or organizations who have helped you in your work. This section is typically placed at the beginning or end of the report, and is a way to recognize the contributions of those who have assisted you.

Acknowledgments could include thank you notes to individuals who provided their expertise, resources or time towards a research project, or those who supported you in other ways, such as colleagues, friends or family. The acknowledgments section is also a place to acknowledge funding sources that supported your research or project, or organizations that provided in-kind support.

It is important to acknowledge the contributions of others in your work as a sign of appreciation for their help, but also as a way of establishing transparency in your research or project. It helps to legitimize your work and makes it clear that you did not take credit for someone else's ideas or contributions. Additionally, acknowledging others’ contributions might create opportunities for future collaborations and working relationships.

Overall, the acknowledgments section is a crucial part of a report, as it helps to recognize the efforts of all those who have contributed to the work, and establishes the writer as a trustworthy and collaborative professional.

I work in a small shop in my country. The central government owns the shop, tells me what to sell, how many products to sell, and for how much to sell the products. What type of economy do I live in?
Group of answer choices

Command

Mixed

Market

Traditional

Answers

Answer:

Market

Explanation:

A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1  Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.

~Hope this helps

Sales revenue $440,000 Advertising expense 60,000 Interest expense 10,000 Salaries expense 55,000 Utilities expense 25,000 Income tax expense 45,000 Cost of goods sold 180,000 What is operating income

Answers

Answer:

Lake's operating income is $120000

Explanation:

Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.

The formula for operating income = Sales - Cost of Sales - operating expenses.

The operating expenses here, are = Advertising + Salaries + Utilities

Thus, operating expenses = 60000 + 55000 + 25000 = $140000

The Operating Income = 440000 - 180000 - 140000 = $120000

Operational income is calculated as follows: sales, cost of sales, and operational expenditures.

Here, the running costs are calculated as follows: marketing + salaries + utilities

Operating expenditures thus equal $60,000 plus $55,000 plus $25,000 for a total of $140000.

Operating Income: ($120000) = (440,000 - 188,000 - 148,000)

An accounting concept known as operational income assesses the amount of profit generated by a company's activities after operating costs like salaries, depreciation, and cost of goods sold (COGS) have been subtracted.

Operating income, also known as income from operations, is calculated by deducting all operating costs from a company's gross income, which is equal to total sales less COGS. Operating costs are those incurred by a business during regular business operations and include things like office supplies and electricity.

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How can emotions affect attitudes and behaviour at workplace

Answers

Emotions shape an individual's belief about the value of a job, a company, or a team. Emotions also affect behaviors at work. Research shows that individuals within your own inner circle are better able to recognize and understand your emotions.

if the owner of a business invests $20,000 in her business , which 2 accounts are affected?

Answers

Answer:

The owner invests personal cash in the business. The company's asset account Cash increases. ... (If the company is a corporation, then the Common Stock account(s) will increase.)

At age 55, Arianna separated from service with her employer. She rolled over $25,000, the entire balance of her 401(k), into an IRA. Then, in December of the same year, Arianna had to take $1,550 out of this new IRA in order to pay some bills. How much of her distributions are subject to the early distribution penalty

Answers

The amount of her distributions that is subject to the early distribution penalty is $1,550.

What is distribution penalty?

Distributions means the qualified retirement plan that are subject to federal income tax, but a penalty will be imposed when there is failure to file the distributions to the authority.

Usually, a distribution from IRA is subject to 10% penalty if the same is made before reaching the age of 59 and one-half, unless, it is made for qualified purposes.

In conclusion, the amount of her distributions that is subject to the early distribution penalty is $1,550.

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What is the major difference between cleaning and sanitizing?
Cleaning is done by hand while sanitizing uses a dishwasher.
Cleaning is the same thing as sanitizing.
Cleaning uses soap to remove debris while sanitizing uses chemicals or heat to kill germs and bacteria.
Sanitizing is not required.

Answers

The  major difference between cleaning and sanitizing is that Cleaning uses soap to remove debris while sanitizing uses chemicals or heat to kill germs and bacteria

What is cleaning and sanitizing?

Cleaning regularly is one that is made of the utilize of cleanser, water, and mechanical activity to physically remove earth and grime from surfaces. It is an vital to begin with step within the sanitizing that has been prepared, because it is expelling soil and natural matter that can meddled with the activity of sanitizing operators.

Therefore, Sanitizing, on the other hand, regularly includes the utilize of chemicals or warm to kill or lower the number of hurtful microorganisms on surfaces.

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Which of the following statements accurately describes how an event will impact supply? Choose 1 answer: Choose 1 answer: (Choice A) A An increase in costs of production will cause an increase in the supply curve (Choice B) B An increase in demand will cause an increase in supply (Choice C) C An increase in price will cause supply to increase (Choice D) D A decrease in price will cause supply to increase (Choice E) E A decrease in resource costs will cause an increase in the supply curve

Answers

The statement that accurately describes how an event will impact supply is  option B An increase in demand will cause an increase in supply.

What happens when supply and demand both rise?

If demand and supply both rise, more will be purchased by consumers and more will be produced by businesses. The impact on price will, however, depend on the relative amount of the two changes because consumers place a higher value on each unit while producers are willing to supply each unit at a lower price.

Therefore, With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.

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