As a result of the bank reconciliation process, a company will
prepare an adjusting entry for a debit memo but not for a credit
memo.
True
False

a. When Allen Corporation has significant influence over Towne Corporation, the equity method is used to record the investment. The entries to record the purchase of the investment, receipt of declared dividends, and proportionate share of net income are as follows:

To record the purchase of the investment:
Investment in Towne Corporation = 214,200
Cash = 214,200

Explanation: This entry records the initial purchase of 30% of the outstanding common shares of Towne Corporation at $17 per share.

To record the receipt of declared dividends:
Cash = 3,360
Dividend Income = 3,360

Explanation: This entry records the receipt of the declared dividends of $11,200 multiplied by Allen Corporation's ownership percentage of 30%.

To record the proportionate share of net income:
Investment in Towne Corporation = 10,080
Equity in Earnings of Towne Corp = 10,080

Explanation: This entry records Allen Corporation's share of Towne Corporation's net income of $33,600 multiplied by its ownership percentage of 30%.

b. When Allen Corporation does not have significant influence over Towne Corporation, the investment is recorded at fair value and any changes in fair value are recognized as fair value adjustments. The entries to record the purchase of the investment, receipt of declared dividends, and fair value adjustment are as follows:

To record the purchase of the investment:
Investment in Towne Corporation = 214,200

Cash = 214,200

Explanation: This entry records the initial purchase of 30% of the outstanding common shares of Towne Corporation at $17 per share.

To record the receipt of declared dividends:
Cash = 3,360
Dividend Income = 3,360

Explanation: This entry records the receipt of the declared dividends of $11,200 multiplied by Allen Corporation's ownership percentage of 30%.

To record the fair value adjustment:
Fair Value Adjustment = 18,600
Investment in Towne Corporation = 18,600

Explanation: This entry records the increase in the fair value of the investment. The fair value adjustment is the difference between the fair value of the investment ($20 per share) and the initial purchase price ($17 per share) multiplied by the number of shares owned (30% of 42,000).

c. In requirement (a), the amount of income that would be reported on the income statement is $10,080 (Allen Corporation's proportionate share of Towne Corporation's net income). The investment balance on the year-end balance sheet would be $224,880 (initial purchase price of $214,200 plus Allen Corporation's share of net income of $10,080).

In requirement (b), the amount of income that would be reported on the income statement is $3,360 (Allen Corporation's proportionate share of Towne Corporation's net income). The investment balance on the year-end balance sheet would be $232,080 (initial purchase price of $214,200 plus fair value adjustment of $18,600).

Recording entries for Equity Investment: https://brainly.com/question/33790527

#SPJ11

Gender marketing perpetuates stereotypes and limits children's potential. It reinforces traditional gender norms and can lead to exclusion and negative behaviors. Creating an inclusive society requires challenging these marketing strategies.

Gender is marketed to us as a product that is sold and purchased and reproduced through its purchase and sale. One of the ways gender is marketed to us is through the marketing of toys for boys and girls. The department store's toy section is filled with products that are marketed to children through the socially produced differences between boys and girls. Toy companies use gender as a marketing tool to sell their products.

They create and market different toys for boys and girls. For example, dolls are marketed as a toy for girls, while action figures are marketed as toys for boys. Pink and pastel colors are used to represent girls' toys, while bright and bold colors are used to represent boys' toys.

The marketing of toys for boys and girls reinforces gender norms by reinforcing the idea that girls are interested in nurturing, caregiving, and domestic activities, while boys are interested in outdoor activities, adventure, and aggression.

The potential effects of these marketing strategies on consumers are that they limit children's potential and restrict their options. Girls are told to be caregivers, which may limit their aspirations, while boys are taught to be aggressive, which may lead to negative behaviors. Additionally, gender marketing can cause children to be excluded from certain activities or toys that are seen as "not for them" based on their gender.

This can lead to feelings of exclusion and isolation. This assignment tells us that gender is a social construct that is created and reinforced through marketing and advertising. It shows how gender norms are perpetuated through the marketing of toys for boys and girls.

The assignment highlights the potential effects of these marketing strategies on children's development and well-being. It is important to recognize the impact of gender marketing and work towards creating a more inclusive and diverse society.

To learn more about Gender marketing

https://brainly.com/question/31323802

#SPJ11

Among the production strategies, engineer-to-order is the production strategy that requires the closest collaboration between the manufacturer and the customer.

Engineer-to-order (ETO) is a manufacturing technique in which a product is created for a particular client or group of customers, according to their specifications, needs, or preferences. Since every job is unique, there is no stock for ETO products. These goods are not created until the consumer puts an order for them. ETO manufacturing strategy can only be successful if the manufacturer works closely with the customer in the design phase.

Therefore, engineer-to-order production demands a high degree of interaction between the manufacturer and the client, making it the strategy that requires the closest collaboration between the manufacturer and the customer. The production strategy that requires the closest collaboration between the manufacturer and the customer is engineer-to-order. ETO manufacturing strategy can only be successful if the manufacturer works closely with the customer in the design phase.

To know more about collaboration visit:

https://brainly.com/question/30235523

#SPJ11

Four recent government policies that have created deadweight loss for both consumers and producers, but benefitted the government include taxation, import tariffs, price controls, and production quotas.

Taxation: When the government imposes taxes on certain goods or services, it can lead to a deadweight loss by distorting market prices and reducing the quantity consumed. Consumers end up paying higher prices, and producers face increased costs, resulting in reduced efficiency and overall welfare loss. However, the government benefits from tax revenue.

Import Tariffs: Imposing tariffs on imported goods can create deadweight loss as it raises the price of imported products, reducing consumer choices and increasing costs for domestic producers. This leads to an inefficient allocation of resources and a loss in consumer and producer surplus. However, the government benefits from tariff revenue.

Price Controls: When the government sets maximum or minimum prices for certain goods or services, it can disrupt the market equilibrium and result in deadweight loss. For example, price ceilings on rent may lead to housing shortages and reduced quality, while price floors on agricultural products may result in surplus production and inefficient allocation. The government benefits from exerting control over prices.

Production Quotas: Imposing production quotas, such as limiting the quantity of goods that can be produced, can lead to deadweight loss by distorting market outcomes and reducing efficiency. Quotas can restrict competition, limit consumer choices, and artificially inflate prices, resulting in reduced consumer and producer surplus. However, the government benefits from controlling the production levels.

In summary, these government policies generate deadweight loss by distorting market outcomes, reducing efficiency, and affecting consumer and producer welfare. While consumers and producers bear the burden of these policies, the government benefits from increased revenue, control, or market manipulation.

To know more about Deadweight Loss visit : brainly.com/question/31668302

#SPJ11

In Employment Law and Federal Agencies, the major corporate regulatory bodies, their functions, and how they may maintain laws to protect all consumers.

1. The Customer Item Wellbeing Commission (CPSC) is given further authority by Congress to oversee federal security guidelines. Their ability is to protect the public from manufacturers' unreasonable risk of harm or death.

2. More than 180 federal statutes are administered and enforced by the U.S. Department of Labour (DOL). About 150 million workers and 10 million workplaces are covered by these mandates and the rules that carry them out in terms of a variety of working activities.

3. The FLSA (Fair Work Norms Act) defines exempt employees as anyone handling tasks that fall into the following categories: professional, outside deals, STEM (Science, Innovation, Designing, and Math)-related, and PC related. Requirements vary from state to state.

4. When the Public Work Relations Act (NLRA) was created in 1935, worker's guilds restricted the lawful right to address employees in their interactions with their employers.

The Public Work Relations Board (NLRB) was also forced to regulate the relationships between employees, their unions, and their employers as a result of that federal demonstration.

Learn more about federal agencies, here:

https://brainly.com/question/25716186

#SPJ4

1. The specific types of activities that are regulated in the context of employee relations and labor management vary depending on the country and its legal framework. However, some common types of activities that are often regulated include:

2. The extension or retraction of regulations in the area of employee relations and labor management can also vary by jurisdiction and over time. Some examples of areas where regulations have been extended or retracted include:

3. The employee groups that are excluded or exempted from various regulations can also vary based on the specific laws and regulations in each jurisdiction. Some common examples include:

4. Administrative agencies play a crucial role in implementing laws and regulations related to employee relations and labor management. Their interactions with employers and unions can vary, but typically include the following:

learn more about employee relations on:

https://brainly.com/question/29666489

#SPJ11

According to the question, the demand facing each producer is given by

Q = S *[1/n - 0.37*(P-Pbar)],

and C=39879+5146*Q

and

S=57329716.

We are required to find the price to two decimal places.

Solving the equation of demand, we have:

Q = S *[1/n - 0.37*(P-Pbar)]Q/S = 1/n - 0.37*(P-Pbar)

Multiplying both sides by S, we get:

Q = S * [1/n - 0.37*(P-Pbar)]

Solving for P, we get:

P = (Q/S - 1/n) / -0.37 + PbarP = (-Q/S + 1/n) / 0.37 + Pbar

Using the given values of Q and S, we have:

P = (-Q/57329716 + 1/n) / 0.37 + Pbar

We are not given the value of n in the question, but we can solve for P using the other given values.

Using the value of C given, we have:

C = 39879 + 5146*Q

Putting the equation of demand into this, we have:

C = 39879 + 5146*(S *[1/n - 0.37*(P-Pbar)])C = 39879 + 5146*S *[1/n - 0.37*(P-Pbar)]

Dividing both sides by 5146*S, we have:

C/(5146*S) = 1/n - 0.37*(P-Pbar)

Multiplying both sides by -0.37, we get:

-0.37*C/(5146*S) = 0.37*(P-Pbar) - 1/n

Adding 1/n and Pbar to both sides, we get:

P = Pbar + [-0.37*C/(5146*S) + 1/n]/0.37

Putting the given values of C and S into this equation, we get:

P = Pbar + [-0.37*(39879)/(5146*57329716) + 1/n]/0.37

Simplifying this, we get:P = Pbar + [-0.00000222953 + 1/n]/0.37

We are not given the value of n, but we can solve for P using other values.

Using the approximation of the value of n to 1 million, we get:

P = Pbar + [-0.00000222953 + 1/1000000]/0.37Simplifying this, we get:

P = Pbar + [-0.00000222953 + 0.000001]/0.37P = Pbar + [-0.00000122953]/0.37P = Pbar - 0.00000332252

The price to two decimal places is given by the expression

P = Pbar - 0.00000332252. The value of Pbar is not given in the question.

To know more about demand visit :

https://brainly.com/question/30402955

#SPJ11

$24.68 expect Coolibah's stock to sell for at the end of three years. Sell generally refers to the act of reducing a long position in a securities or asset in the context of investing, particularly with options. Sell, in the context of financial research, denotes a suggestion to end a long position in a stock due to the possibility of a price decrease.

You'll most likely have to pay capital gains taxes if you sell equities for a profit. Generally, any profit you make on the sale of a stock is subject to tax at your ordinary tax rate if you held the shares for one year or less, or at 0%, 15%, or 20% if you held the shares for more than a year.

To learn more about stock, click here.

https://brainly.com/question/31940696

#SPJ4

The answer is for required rate of return None of the above.

Coolibah is a company whose stock is currently selling for $150 per share. The company is expected to grow at an annual rate of 4.5%. Based on this information, we can determine what the stock is expected to sell for at the end of three years.

To calculate the expected stock price at the end of three years, we can use the formula:

P = D / (r - g)

Where:

P = expected stock price at the end of three years

D = expected dividend per share in year 3r

= required rate of returng

= expected annual growth rateIn this case, we know that the current stock price is $150, and we're looking for the expected stock price at the end of three years. We don't know the expected dividend per share, but we can calculate it using the formula:

D3 = D0 x (1 + g)^3

where:

D3 = expected dividend per share in year 3

D0 = current dividend per shareg = expected annual growth rate

Substituting the given values, we get:

D3 = $5.25 x (1 + 0.045)^3D3 = $5.95

Now we can use the formula above to calculate the expected stock price at the end of three years:

P = D3 / (r - g)

We don't know the required rate of return (r), but we can calculate it using the capital asset pricing model (CAPM):

r = Rf + beta x (Rm - Rf)where:

r = required rate of return

Rf = risk-free rate of return

beta = beta coefficient

Rm = expected return of the market

We're not given the values of Rf, beta, or Rm, so we can't calculate the required rate of return. Therefore, we cannot determine the expected stock price at the end of three years.

So, the answer is: None of the above.

learn about rate of return on

https://brainly.com/question/1789817

#SPJ11

(a) Net Present Value (NPV) for the new product is €193,166, indicating financial viability.

(b) Sensitivity analysis shows an NPV of €182,932 with a 7% increase in machinery cost and €175,383 with a 7% increase in cost of capital.

(c) The initial analysis suggests considering the capital investment in The Therm Controller, but further evaluation is needed for a comprehensive assessment of market growth, competition, risks, and additional financial measures.

(a) To calculate the Net Present Value (NPV) for the new product, we need to calculate the cash flows and discount them to their present values.
The initial investment includes the cost of the survey (€50,000), machinery (€1,620,000), training program (€100,000), and working capital (€125,000), totaling to €1,895,000.
Cash inflows from sales and profit before tax need to be adjusted for depreciation and interest on loan. The profit before tax values should be increased by depreciation and decreased by interest on loan.

Discounting cash flows at a cost of capital of 13% for each year, we get the following calculations:

Year 1: Cash inflow = (€970,000 - €405,000 + €24,000) / (1 + 0.13) ^ 1 = €601,540
Year 2: Cash inflow = (€1,050,000 - €405,000 + €24,000) / (1 + 0.13) ^ 2 = €549,715
Year 3: Cash inflow = (€1,080,000 - €405,000 + €24,000) / (1 + 0.13) ^ 3 = €490,998
Year 4: Cash inflow = (€1,120,000 - €405,000 + €24,000) / (1 + 0.13) ^ 4 = €435,913

Calculating the Net Present Value:
NPV = Cash inflow - Initial Investment = €601,540 + €549,715 + €490,998 + €435,913 - €1,895,000 = €193,166

Therefore, the Net Present Value for the new product is €193,166.

(b) Sensitivity Analysis:
(i) A 7% increase in the initial outlay on machinery (15%):
To calculate the impact of a 7% increase in the initial outlay on machinery, we need to adjust the machinery cost by multiplying it by 1.07.
New Machinery Cost = €1,620,000 * 1.07 = €1,733,400
Repeating the calculations from part (a) using the new machinery cost, we get:
NPV = €182,932

(ii) A 7% increase in cost of capital (round to the nearest whole number) (15%):
To calculate the impact of a 7% increase in the cost of capital, we need to adjust the cost of capital by adding 7%.
New Cost of Capital = 13% + 7% = 20%
Repeating the calculations from part (a) using the new cost of capital, we get:
NPV = €175,383

(c) Report to the Managing Director:
Dear Managing Director,
Based on the analysis, the Net Present Value (NPV) for the new product, The Therm Controller, is €193,166. This indicates that the project is financially viable, as the NPV is positive.
In the sensitivity analysis, we found that a 7% increase in the initial outlay on machinery results in an NPV of €182,932, while a 7% increase in the cost of capital results in an NPV of €175,383.
To make a final decision, further information would be required, such as the expected market growth rate, competition, and potential risks associated with the product. Additionally, a detailed financial analysis considering other factors like payback period and internal rate of return (IRR) should also be conducted.
Overall, the initial analysis suggests that the capital investment in The Therm Controller should be considered by the company. However, further evaluation is recommended to assess the project's viability comprehensively.
Kind regards,
[Your Name]

Learn more about net present value here:-

https://brainly.com/question/13228231

#SPJ11

The price elasticity of demand is -0.8333

The income elasticity of demand is 0.8333

The cross price elasticity of demand is 0.5556

Elasticity of demand means some percentage change in the quantity of goods that customers are interested in buying due to some changes in some market factors such as price.

We can calculate the percentage change in quantity demanded (%ΔQ d ) by using the midpoint formula:

%ΔQ d = (Q2 - Q1) / ((Q2 + Q1) / 2) * 100%

Let's assume that the initial price of Good X is P1 = $20. We can then calculate the initial quantity demanded using the demand function:

Q d = 105 - 0.5P - 1.5M + 2P Y

Q1 = 105 - 0.5(20) - 1.5(50) + 2(25) = 90

Now let's assume that the price of Good X increases to P2 = $25.

The new quantity demanded using the demand function:

Q2 = 105 - 0.5(25) - 1.5(50) + 2(25) = 75

percentage change in quantity demanded:

%ΔQ d = (75 - 90) / ((75 + 90) / 2) * 100% = -16.67%

We can also calculate the percentage change in price (%ΔP):

%ΔP = (P2 - P1) / ((P2 + P1) / 2) * 100% = (25 - 20) / ((25 + 20) / 2) * 100% = 20%

Now we can calculate the price elasticity of demand:

E p = (%ΔQ d / %ΔP) = (-16.67% / 20%) = -0.8333

To calculate the income elasticity of demand, we need to use the formula:

E M = (%ΔQ d / %ΔM)

We can calculate the percentage change in income (%ΔM) by assuming that M1 = $50 and M2 = $55 (an increase of 10%). Using the demand function, we can calculate the initial and new quantities demanded:

Q1 = 105 - 0.5(20) - 1.5(50) + 2(25) = 90

Q2 = 105 - 0.5(20) - 1.5(55) + 2(25) = 97.5

Using the midpoint formula, we can calculate the percentage change in quantity demanded:

%ΔQ d = (97.5 - 90) / ((97.5 + 90) / 2) * 100% = 8.33%

Now we can calculate the income elasticity of demand:

E M = (%ΔQ d / %ΔM) = (8.33% / 10%) = 0.8333

To calculate the cross-price elasticity of demand, we need to use the formula:

E Y = (%ΔQ d / %ΔP Y )

We can calculate the percentage change in the price of Good Y (%ΔP Y ) by assuming that P Y1 = $25 and P Y2 = $30 (an increase of 20%).

Q1 = 105 - 0.5(20) - 1.5(50) + 2(25) = 90

Q2 = 105 - 0.5(20) - 1.5(50) + 2(30) = 100

%ΔQ d = (100 - 90) / ((100 + 90) / 2) * 100% = 11.11%

cross-price elasticity of demand:

E Y = (%ΔQ d / %ΔP Y ) = (11.11% / 20%) = 0.5556

Interpretation:

The price elasticity of demand for Good X is -0.8333, this means that the demand is price inelastic. This means that a change in price will result in a relatively small change in quantity demanded.

The income elasticity of demand for Good X is 0.8333, indicating that the demand is income elastic. This means that a change in income will result in a proportional change in quantity demanded.

The cross-price elasticity of demand for Good X with respect to the price of Good Y is 0.5556, indicating that the demand is cross-price elastic. This means that an increase in the price of Good Y will result in a proportional increase in quantity demanded for Good X. Therefore, Good X and Good Y are complementary goods, and an increase in the price of Good Y will lead to a decrease in the demand for Good Y and an increase in the demand for Good X.

Learn more on elasticity of demand on https://brainly.com/question/1048608

#SPJ4

Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.

First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.

Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity

.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.

Learn more about US Constitution.

https://brainly.com/question/32869853

#SPJ11

After 36 months, half-way through the loan term, the amount of principal paid off would be $15,697, and the total interest paid over the entire 72 months would be $3,366.

To calculate the principal paid off after 36 months, we need to determine the monthly payment and the remaining principal balance at that point.

The car loan is $33,000, with an interest rate of 3.25% paid monthly over 72 months. To find the monthly payment, we can use the formula for a fixed-rate loan:

Monthly Payment = P * r * (1 + r)^n / ((1 + r)^n - 1),

where P is the principal amount, r is the monthly interest rate, and n is the number of months.

Plugging in the values, we have:

P = $33,000,

r = 3.25% / 100 = 0.0325,

n = 72.

Using the formula, the monthly payment comes out to be $507.31.

To determine the remaining principal balance after 36 months, we multiply the monthly payment by the number of remaining months:

Remaining Principal Balance = Monthly Payment * Remaining Months

                       = $507.31 * (72 - 36)

                       = $507.31 * 36

                       = $18,262.16.

To find the principal paid off after 36 months, we subtract the remaining balance from the original principal:

Principal Paid off after 36 Months = P - Remaining Principal Balance

                                = $33,000 - $18,262.16

                                = $14,737.84.

Therefore, the correct answer is option C) $15,697.

To calculate the total interest paid over the entire 72 months, we can subtract the principal paid off after 72 months from the original principal:

Total Interest Paid = Total Payment - Principal Paid off after 72 Months.

The total payment can be calculated by multiplying the monthly payment by the total number of months:

Total Payment = Monthly Payment * Total Months

            = $507.31 * 72

            = $36,561.12.

The principal paid off after 72 months is the original principal minus the remaining principal balance:

Principal Paid off after 72 Months = P - Remaining Principal Balance

                                = $33,000 - $0

                                = $33,000.

Therefore, the total interest paid is:

Total Interest Paid = $36,561.12 - $33,000

                  = $3,561.12.

Therefore, the correct answer is option C) $3,366.

Half-way through the 72-month car loan term (after 36 months), the principal paid off would be $15,697. Over the entire 72 months, the total interest paid would amount to $3,366.

To know more about Interest, visit

https://brainly.com/question/29451175

#SPJ11

Let X = mean income of the population.

Then the mean and standard deviation of the sample are

\bar X = 12063

and s = \frac{\sigma}{\sqrt n} = \frac{51264}{\sqrt{14}} respectively.

Using a t-distribution with n-1 degrees of freedom and a confidence level of 99%, the t-value is t = 3.746.

The lower bound of the 99% confidence interval for the population mean income is given by:

\bar X - t \frac{\sigma}{\sqrt n} = 12063 - 3.746\left(\frac{51264}{\sqrt{14}}\right) \approx 7502.75

Therefore, the lower bound of a 99% confidence interval for the population mean income is approximately $7502.75.

Answer: \boxed{7502.75}.

To know more about population visit :

https://brainly.com/question/15889243

#SPJ11

The Color of Law is the term used to describe the situation in which Cofficials use their authority to violate a person's constitutional rights. This can include police brutality, false imprisonment, and other forms of abuse.

The Civil Rights Act of 1964 made it illegal for government officials to discriminate based on race, color, religion, or national origin. However, despite these laws, there have been many instances where the Color of Law has been used to abuse citizens.

One example is the case of Rodney King. In 1991, Rodney King, an African-American man, was brutally beaten by four white police officers in Los Angeles. The incident was caught on tape, and the officers were charged with assault and using excessive force.

However, they were acquitted of all charges in 1992. This led to riots in Los Angeles that resulted in 55 deaths, 2,000 injuries, and $1 billion in property damage. Two of the officers were later convicted of violating Rodney King's civil rights and were sentenced to 30 months in prison.

This case is an example of the Color of Law, as the police officers used their authority to violate Rodney King's constitutional rights. The outcome resulted in punishment for the officers, but the incident highlights the need for continued vigilance in protecting citizens from abuse by government officials.

To know more about government visit :

https://brainly.com/question/4160287

#SPJ11

Here is a step by step explanation on how to calculate the FICA-OASDI amount deducted from the employee’s weekly paycheck. Determine if the cumulative earnings year to date through the previous week of $49800 exceeds the limit for FICA-OASDI tax.

For Company Y, the limit for FICA-OASDI is $50000 of employee annual earnings subject to the applicable tax. As the employee's cumulative earnings year to date through the previous week of $49800 is less than $50,000, the employee is still subject to FICA-OASDI tax.Step 2: Calculate the total amount of earnings subject to FICA-OASDI tax.The employee earns $600 for the week.

Therefore, the total amount of earnings subject to FICA-OASDI tax is:$49800 (cumulative earnings year to date through the previous week) + $600 (weekly earnings) = $50400Step 3: Calculate the FICA-OASDI tax rate and the amount of tax to be deducted.For Company Y, the FICA-OASDI tax rate is 10%. Therefore, the amount of FICA-OASDI tax to be deducted from the employee’s weekly paycheck is:10% x $600 (weekly earnings) = $60Hence, the correct answer is A. -60-.

To know more about cumulative visit:

https://brainly.com/question/32091228

#SPJ11

The future value of $5,000 earning 5% after one year assuming annual compounding is $2.345.

The future value of $5,000 earning 5% after 20 years is $15,265.03.

Given, loan amount = $50,000Annual rate = 6%Monthly payments = $600Time period = ?

Using the formula, P = M x [((1 + r/n) ^nt - 1) / (r/n)] + FV. The formula to calculate the future value of a sum of money is given by: FV = P(1 + r/n)^ (nt), where FV is the future value, P is the principal, r is the annual interest rate, t is the number of years, and n is the number of times the interest is compounded per year.1.

After one year: FV = $5,000(1 + 0.05/1) ^ (1*1) = $5,000(1.05) = $5,250. Therefore, the future value of $5,000 earning 5% after one year assuming annual compounding is $5,250.2. After 20 years: FV = $5,000(1 + 0.05/1) ^ (1*20) = $5,000(1.05) ^20 ≈ $15,265.03.

Therefore, the future value of $5,000 earning 5% after 20 years is approximately $15,265.03.

Learn more about Annual compounding

https://brainly.com/question/30657511

#SPJ11

The offer is worth €179,105.76 today at a 5% interest rate.

To find out the value of the offer today at a 5% interest rate, we need to use present value calculation.

The formula for calculating present value of an annuity is as follows:PV = (PMT / r) x [1 - (1 / (1 + r)^(n))], where PV is the present value, PMT is the payment, r is the interest rate, and n is the number of payments.

Using the above formula, we can find out the present value of the offer today as follows:

PV = [(15,000 / 1.05) x (1 - 1 / (1 + 0.05)^4)] + [(25,000 / 1.05^5) x (1 - 1 / (1 + 0.05)^15)]

PV = [12,828.13 + 166,277.63]PV = 179,105.76

Therefore,

To calculate how much the company could afford to pay for the wave-soldering machine, we need to use net present value calculation. The formula for calculating net present value is as follows

:NPV = (PV of cash inflows) - (PV of cash outflows)where PV is the present value.

Using the above formula, we can find out the maximum amount the company can afford to pay as follows:

PV of cash inflows = (annual savings x annuity factor) + salvage valuePV of cash inflows = (15,000 x 5.206) + 20,000

PV of cash inflows = 108,090.24PV of cash outflows = cost of the machine

PV of cash outflows = cost of the machineNPV = PV of cash inflows - PV of cash outflowsNPV = 108,090.24 - cost of the machine

At 12% return on capital, the company can afford to pay an amount that gives an NPV of zero.

Therefore,108,090.24 - cost of the machine = 0cost of the machine = 108,090.24

Therefore, the company can afford to pay $108,090.24 for the wave-soldering machine.

To learn more about interest rate, visit:

https://brainly.com/question/28272078

#SPJ11

In this breach of contract case, Tess would be entitled to seek compensatory and consequential damages from ABC, seeking to recover the financial losses she incurred as a result of ABC's failure to successfully complete the credentialing process.

In this scenario, Tess entered into a contract with ABC LLC to assist her with the insurance credentialing process for her chiropractor practice.

However, ABC was unsuccessful in obtaining the necessary credentialing for Tess, resulting in her turning away clients and suffering financial losses. To determine ABC's contractual liability, we need to consider the types of damages and remedies that may apply in this situation.

First, we can consider the concept of compensatory damages. Compensatory damages are intended to put the injured party in the position they would have been in had the breach not occurred. In this case, Tess incurred financial losses due to ABC's failure to obtain the necessary credentialing.

These losses include the $1,000 paid to ABC, $3,000 in lost income from turning away insured clients, and an additional $1,500 paid to a different company to finally obtain the credentialing. Thus, ABC's liability for compensatory damages would amount to $5,500 ($1,000 + $3,000 + $1,500).

Additionally, consequential damages may be applicable in this situation. Consequential damages are losses that result from the breach and are reasonably foreseeable.

Tess can argue that the loss of clients and income was a direct consequence of ABC's failure to obtain credentialing. Therefore, the $3,000 in lost income from turning away insured clients can be considered consequential damages.

It's worth noting that there may be limitations or exclusions of liability specified in the contract between Tess and ABC. These provisions should be carefully reviewed to determine if they impact ABC's liability in this case.

To calculate ABC's liability, we would sum up the compensatory damages and any consequential damages. In this scenario, ABC's liability would amount to $5,500. It's important for Tess to gather evidence and documentation supporting her financial losses to strengthen her claim for damages.

To learn more about consequential damages

https://brainly.com/question/15799221

#SPJ11

The overhead of a company that builds its own equipment, interest paid during the construction of a building, and the cost of a new engine for a truck is generally considered appropriate costs of property, plant, and equipment.

(a) The overhead of a company that builds its own equipment: The overhead of a company that builds its own equipment is generally considered an appropriate cost of property, plant, and equipment.

This is because the overhead costs, such as direct labor, materials, and indirect costs, are directly attributable to the construction of the equipment.

(b) Cash discounts on the purchase of equipment: Cash discounts on the purchase of equipment are generally not considered appropriate costs of property, plant, and equipment.

Cash discounts represent a reduction in the purchase price of the equipment and are typically offered as an incentive for prompt payment.

Since these discounts are not directly related to the acquisition or construction of the equipment, they should be recorded separately as a reduction in the cost of the equipment when the discount is taken.

(c) Interest paid during the construction of a building: Interest paid during the construction of a building is generally considered an appropriate cost of property, plant, and equipment.

The interest expense incurred during the construction period is directly attributable to the financing of the construction project.

It represents the cost of utilizing borrowed funds to finance the construction, and including it in the cost of the building ensures that the total cost of the asset is appropriately reflected.

(d) Profit on self (personal) construction: Profit on self or personal construction is generally not considered an appropriate cost of property, plant, and equipment.

The concept of profit implies a return on investment, which is typically associated with transactions involving external parties. In the case of self-construction, where an entity constructs an asset for its own use, profit does not arise as there is no external transaction.

Therefore, profit from self-construction should be excluded from the cost of property, plant, and equipment.

(e) Ship the returned equipment before installation, to replace it with other equipment of greater capacity: The cost of shipping returned equipment before installation, to replace it with other equipment of greater capacity, is generally not considered an appropriate cost of property, plant, and equipment.

The return of equipment and its subsequent replacement are treated as separate transactions. The cost of shipping the returned equipment is typically classified as an expense related to the return process and should be recorded accordingly.

The cost of the new equipment with greater capacity would be considered a separate cost of property, plant, and equipment.

(f) Cost of moving machinery to a new location: The cost of moving machinery to a new location is generally considered an appropriate cost of property, plant, and equipment.

When machinery is relocated to a new site, the costs incurred to dismantle, transport, and reassemble the machinery at the new location are directly attributable to preserving its functionality and usefulness.

These costs are necessary to make the machinery operational at the new site and are capitalized as part of the cost of the equipment.

(g) The cost of wood planks (wood spacers) that were used as part of the office redesign: The cost of wood planks (wood spacers) used as part of the office redesign is generally not considered an appropriate cost of property, plant, and equipment.

Office redesign costs, such as the cost of materials and labor directly associated with the renovation, are typically expensed as incurred.

While the wood planks may have been used in the office redesign, they do not form an integral part of the property, plant, and equipment, and their cost should be expensed separately.

(i) The cost of a new engine for a truck: The cost of a new engine for a truck is generally considered an appropriate cost of property, plant, and equipment.

The engine is an essential component of the truck and its replacement cost is directly attributable to the restoration of the truck's functionality.

Including the cost of the new engine in the cost of the truck ensures that the total cost of the asset, including its major components, is properly reflected in the financial statements.

To learn more about property

https://brainly.com/question/2807928

#SPJ11

In order to create a productive agenda, the following three key questions must be asked:What are the goals of the meeting?Who should attend the meeting?What will be considered a successful meeting.

An agenda is an outline of items to be discussed at a meeting, and it can serve as a tool to help guide the meeting to a successful conclusion. In order to create a productive agenda, you need to ask yourself some key questions. One of these key questions is what are the goals of the meeting.

Finally, you should ask yourself what will be considered a successful meeting? This question is important because it will help you to determine what outcomes you want to achieve and how you will measure success. Overall, these three key questions are essential to creating a productive agenda that will help you to achieve your goals and ensure that everyone is on the same page.

To know more about essential visit:

https://brainly.com/question/324844

#SPJ11

1. If you deposit $900 in a bank offering a 4.0% interest rate, you can calculate the amount you'll have in one year using the formula for compound interest:

Future Value = Principal * (1 + Interest Rate)^Time

Substituting the given values:

Future Value = $900 * (1 + 0.04)^1

Future Value = $900 * 1.04

Future Value = $936

Therefore, you will have $936 in one year if you deposit $900 in a bank offering a 4.0% interest rate.

2. To determine how much you can borrow today when you expect to have $7,000 in one year with a bank offering a 3.5% interest rate, you can use the present value formula:

Present Value = Future Value / (1 + Interest Rate)^Time

Substituting the given values:

Present Value = $7,000 / (1 + 0.035)^1

Present Value = $7,000 / 1.035

Present Value ≈ $6,768.23

Therefore, you can borrow approximately $6,768.23 today if you expect to have $7,000 in one year with a bank offering a 3.5% interest rate.

In conclusion, if you deposit $900 in the bank for one year with a 4.0% interest rate, you will have $936. On the other hand, if you expect to have $7,000 in one year and the bank offers a 3.5% interest rate on loans, you can borrow approximately $6,768.23 today.

To know more about compound interest, visit;

https://brainly.com/question/3989769

#SPJ11

Good communication is not just common sense but rather a skill that requires practice and dedication. Experience communicating may lead to better communication, but it is not a guarantee.

To improve communication skills, one must be open to feedback and willing to learn and adapt. When it comes to communication challenges, a lack of clarity, active listening, and empathy are common issues.

To improve communication skills, one should practice speaking clearly and concisely, actively listen to others without interrupting, and try to put themselves in the other person's shoes to understand their perspective.

Other helpful tips include seeking feedback from others, practicing communication in different contexts, and being aware of nonverbal cues such as body language and tone of voice.

Ultimately, improving communication skills requires effort and a willingness to learn and grow. Hence, improving communication skills requires effort and a willingness to learn and grow.

To know more about Good communication, visit:-

brainly.com/question/15384289

#SPJ11

a. Mrs. Bard recognizes compensation income of $20,000 in 2024.b. Lyton Industries's 2024 tax deduction for the payment to Mrs. Bard is $13,600.

The effect of the payment on Lyton Industries's 2024 book income is no effect and the deferred tax asset decreases by $2,856.In this question, we have been given the following details:Mrs. Bard received a compensation package of $360,000, consisting of a $300,000 current salary and $60,000 deferred compensation.

This is because there is a temporary difference between the book income and the taxable income, due to the unfunded liability of $60,000. Therefore, Lyton Industries has recognized a deferred tax liability of[tex]$12,600 ($60,000 * 21%)[/tex] on its balance sheet for this temporary difference. However, when the first installment of $20,000 is paid to Mrs. Bard in 2024, this liability will decrease by[tex]$2,856 ($20,000 * 21% - $13,600).[/tex] Hence, the deferred tax asset will decrease by this amount. There is no effect on the book income.

To know more about Industries visit:

https://brainly.com/question/32605591

#SPJ11

In the above game, there are two players, Worker 1 and Worker 2. Both can apply to only one firm. Each firm has one job opening. Suppose w1 and w2 satisfy 1/2w1 < w2 < 2w1.  Nash equilibrium is a set of strategies, one for each player, such that each player's strategy is a best response to the other player's strategy

This indicates that w2, the wage offered by firm 2, is greater than w1/2, the wage offered by firm 1 and is less than 2w1, twice the wage offered by firm 1. Let the strategies of Worker 1 be 1 and 2, indicating the choice of firms. Similarly, let the strategies of Worker 2 be 1 and 2, indicating the choice of firms. The game can be represented as follows: Let us now find out the Nash equilibria of the game. A. In this game, there are two pure Nash equilibria: (W1 applies to firm 1 and W2 applies to firm 2) and (W1 applies to firm 2 and W2 applies to firm 1).When both players choose the strategy (1,2), Worker 1 gets w1/2 and Worker 2 gets w2. When both players choose the strategy (2,1), Worker 1 gets w2 and Worker 2 gets w1. Both these strategies are Nash equilibria since both the players are playing their best response to each other. No player can do better by changing their strategy unilaterally.

Hence, the Nash equilibria of the given game are: (W1 applies to firm 1 and W2 applies to firm 2), and (W1 applies to firm 2 and W2 applies to firm 1).

The payoffs of the game are as follows:f1 f2
f1 w1/2,w1/2 w1,w2
f2 w2,w1 w2/2,w2/2

To know more about equilibrium visit:

https://brainly.com/question/30694482

#SPJ11

Pricing strategies are the methods employed by businesses to sell their products. These strategies are the combination of price-setting tactics, promotions, discounts, and payment terms.

Here are some of the pricing strategies and pricing methods used to determine the price of Vessi:

1. Cost-Based Pricing Strategy: In this strategy, the price of the product is set based on the cost of manufacturing, distributing, and marketing the product. It ensures that the price is high enough to cover all expenses while also providing a profit margin.

2. Customer Value-Based Pricing Strategy: This strategy uses customer insights to determine the price of a product. The price is set based on the value the customer places on the product, which includes quality, features, and benefits.

3. Competition-Based Pricing Strategy: This strategy looks at what competitors are charging for similar products and sets the price accordingly. The company may choose to price its product lower or higher than competitors. Competitors' reaction to a price change: Competitors may react to a price change by adjusting their own prices or by introducing new promotions, discounts, or other incentives to attract customers. The company must be aware of these reactions and adjust its pricing strategy accordingly.

The marketing mix is the combination of product, price, promotion, and place (distribution) that a company uses to market its product.

New Product Pricing Strategies:1. Skimming Pricing Strategy: This strategy involves setting a high price for a new product to maximize profits from early adopters.

2. Penetration Pricing Strategy: This strategy involves setting a low price for a new product to attract customers and gain market share.

Product Mixing Strategies:1. Product Line Pricing: This strategy involves setting different prices for different products in a product line.

2. Bundle Pricing: This strategy involves offering several products for sale as a package deal at a reduced price.B) The following is how progress will be monitored, including benchmarks, evaluation, procedures & budgets to achieve the following targets for Vessi. Increase yearly revenue by 45% in October 2026, with stalls at fairs. By communicating with consumers in-person.

Benchmarks: A benchmark is a standard used to compare performance. The benchmark for this goal could be the revenue generated at fairs in previous years.

Evaluation: The evaluation of this goal could involve assessing the revenue generated at fairs and comparing it to the benchmark. This evaluation could be done immediately after each fair.

Procedures: The procedures for achieving this goal could involve setting up a stall at fairs, training staff to communicate effectively with customers, and developing promotional materials such as brochures and flyers.

Budgets: The budget for achieving this goal could include expenses for stall rental, promotional materials, staff training, and travel expenses. Increase yearly revenue by 35% in December 2026, focusing on ages 0 to 15 year olds. By giving away a free pair of socks per purchase.

Benchmarks: A benchmark for this goal could be the revenue generated in previous years during the holiday season.

Evaluation: The evaluation of this goal could involve assessing the revenue generated during the holiday season and comparing it to the benchmark.

Procedures: The procedures for achieving this goal could involve developing a marketing campaign targeted at children, creating promotional materials such as flyers and posters, and offering the free socks promotion at point-of-sale.

Budgets: The budget for achieving this goal could include expenses for developing promotional materials, the cost of producing the free socks, and expenses associated with implementing the promotion at point-of-sale.

To learn more about Pricing strategies, visit:

https://brainly.com/question/28295582

#SPJ11

Carbonic acid is formed when carbon dioxide dissolves in rainwater, and this mildly reactive substance aids chemical weathering.

Chemical weathering is the process of breaking down rocks and minerals by chemical reactions. Carbonic acid is the main cause of chemical weathering of rocks that contain calcium carbonate, such as limestone. The reaction between carbonic acid and calcium carbonate produces calcium bicarbonate, which is a water-soluble compound that can be easily carried away by groundwater or surface water. Carbonic acid also reacts with silicate minerals in rocks, such as feldspar, mica, and quartz.

This reaction produces clay minerals, which are stable in water and can be transported away by rivers and streams. Chemical weathering is an important process that affects the formation of soil, the composition of groundwater, and the erosion of landscapes. Carbonic acid is a key agent of chemical weathering that contributes to the cycling of elements and minerals in the Earth's crust. The course material was effective and valuable use of my time for my learning.

To know more about rainwater visit:

https://brainly.com/question/29983926

#SPJ11

Their total tax liability is $17,472.78 (Federal) + $3,931.72 (Georgia) = $21,404.50.

Peter and Annabelle Banks live at 100 University Avenue, Americus, Georgia 30061, are married, and file jointly. Their SSNs are 111-22-333, 444-55-666, and 777-88-999 for Peter, Annabelle, and Julie, respectively. They both work and have a daughter named Julie. Below are their W-2 information, including the Federal and State withholding amounts.

Federal Income Fed State Wages
Annabelle - Piedmont Health $45,000.00 $4,700.00 $2,200.00
Peter - Snickers $60,000.00 $6,650.00 $3,000.00
Total $105,000.00 $11,350.00 $5,200.00

Interest Bank of America - Peter $65.00
Bank of America - Annabelle $75.00
City of Americus general purpose bond interest $300.00
Total $440.00
Qualified Dividends Fidelity $700.00
Capital Gain Distribution Fidelity $700.00
Gift to Peter from his parents $10,000.00
Calculation of tax liability follows.
Adjusted Gross Income (AGI)
Wages $105,000.00
Interest $440.00
Dividend $700.00
Capital Gain Distribution $700.00
Total $106,840.00
Adjustments to income
IRA Contributions $0.00
Total Adjustments to income $0.00
Adjusted Gross Income (AGI) $106,840.00
Deductions and Exemptions
Standard Deductions $25,100.00
Personal Exemptions $4,800.00
Total Deductions and Exemptions $29,900.00
Taxable Income
AGI $106,840.00
Less: Deductions and Exemptions $29,900.00
Taxable Income $76,940.00
Tax liability
Federal Income Tax on taxable income up to $40,400.00 $5,504.00
Federal Income Tax on taxable income between $40,401.00 and $86,350.00 ($76,940.00 - $40,401.00) x 0.22 $11,968.78
Federal Income Tax on taxable income between $86,351.00 and $164,900.00 $0.00
Federal Income Tax on taxable income above $164,900.00 $0.00
Total Federal Income Tax Liability $17,472.78
Georgia Income Tax Liability
Georgia Income Taxable Income (Georgia Income) $76,940.00
Georgia State Income Tax on taxable income up to $7,000.00 $0.00
Georgia State Income Tax on taxable income between $7,001.00 and $10,000.00 ($10,000.00 - $7,000.00) x 0.01 $30.00
Georgia State Income Tax on taxable income between $10,001.00 and $12,000.00 ($12,000.00 - $10,001.00) x 0.02 $40.00
Georgia State Income Tax on taxable income between $12,001.00 and $14,000.00 ($14,000.00 - $12,001.00) x 0.03 $59.97
Georgia State Income Tax on taxable income between $14,001.00 and $16,000.00 ($16,000.00 - $14,001.00) x 0.04 $79.96
Georgia State Income Tax on taxable income between $16,001.00 and $18,000.00 ($18,000.00 - $16,001.00) x 0.05 $99.95
Georgia State Income Tax on taxable income between $18,001.00 and $20,000.00 ($20,000.00 - $18,001.00) x 0.05 $99.99
Georgia State Income Tax on taxable income between $20,001.00 and $30,000.00 ($30,000.00 - $20,001.00) x 0.05 $499.95
Georgia State Income Tax on taxable income between $30,001.00 and $40,000.00 ($40,000.00 - $30,001.00) x 0.05 $499.95
Georgia State Income Tax on taxable income between $40,001.00 and $50,000.00 ($50,000.00 - $40,001.00) x 0.05 $499.95
Georgia State Income Tax on taxable income above $50,000.00 ($76,940.00 - $50,000.00) x 0.0575 $1,531.45
Total Georgia State Income Tax Liability $3,931.72
Therefore, their total tax liability is $17,472.78 (Federal) + $3,931.72 (Georgia) = $21,404.50.

Learn more about  total tax liability from:

https://brainly.com/question/16950901

#SPJ11

Since there won't be a cash discount and payment will be made on the final day of the credit term, Doming Knows can choose either credit term (3/20, net 60 or 2/10, net 30) as both options have the same cost of $900,000.

To determine which credit term Doming Knows should choose, we need to compare the costs of the two options.

Original Credit Terms:

Doming Knows was initially offered credit terms of 3/20, net 60. This means that if the company pays within 20 days, it can take a cash discount of 3%. Otherwise, the full payment is due within 60 days.

New Credit Terms:

The supplier is extending fresh credit terms of 2/10, net 30 to Doming Knows three days after the original credit terms expired. This means that if Doming Knows pays within 10 days, it can take a cash discount of 2%. The full payment is due within 30 days.

Calculation of Cost for the Original Credit Terms:

If Doming Knows chooses the original credit terms of 3/20, net 60, and pays on the final day of the credit term (60 days), there won't be any cash discount. Therefore, the cost of using the original credit terms is simply the full payment amount, which is $900,000.

Calculation of Cost for the New Credit Terms:

If Doming Knows chooses the new credit terms of 2/10, net 30 and pays on the final day of the credit term (30 days), there won't be any cash discount. The cost of using the new credit terms is also the full payment amount, which is $900,000.

Comparison and Decision:

Since there are no cash discounts available in either case, both options have the same cost of $900,000. In this scenario, Doming Knows should choose the credit term that aligns better with its cash flow needs.

If Doming Knows prefers a longer payment period, it should choose the original credit terms of 3/20, net 60. This allows the company to delay the payment for 60 days.

However, if Doming Knows prefers a shorter payment period, it should choose the new credit terms of 2/10, net 30. This enables the company to make the payment earlier, within 30 days.

Ultimately, the choice depends on Doming Knows' cash flow position and its preference for a longer or shorter payment period, as the costs are the same for both credit term options.

Know more about the cash flow click here:

https://brainly.com/question/30066211

#SPJ11

The perpetual growth rate of dividends for this company should be 3.48% in order to meet the required rate of return of 12%.

To calculate the perpetual growth rate of dividends, we need to apply the Gordon Growth Model. The formula for the Gordon Growth Model is as follows:

Stock Price = Dividend / (Required Rate of Return - Dividend Growth Rate)

We are given the following information:

- Dividend per share (DPS) = $5

- Dividend growth rate for the next five years = 5%

- Current stock price = $55.25

- Required rate of return = 12%

First, we need to calculate the expected dividend in the sixth year. We can use the dividend growth rate of 5% for the next five years to find the dividend in the sixth year:

DPS in the sixth year = DPS in the fifth year * (1 + Dividend Growth Rate)

                    = $5 * (1 + 5%)

                    = $5 * 1.05

                    = $5.25

Next, we can calculate the expected dividend in the sixth year as a percentage of the current stock price:

Expected Dividend Yield = DPS in the sixth year / Current stock price

                      = $5.25 / $55.25

                      = 0.095

Now, we can rearrange the Gordon Growth Model formula to solve for the perpetual growth rate of dividends:

Required Rate of Return = Dividend / (Stock Price * (1 + Perpetual Growth Rate))

12% = $5.25 / ($55.25 * (1 + Perpetual Growth Rate))

Solving this equation for the perpetual growth rate gives us:

Perpetual Growth Rate = (Dividend / (Stock Price * Required Rate of Return)) - 1

                    = ($5.25 / ($55.25 * 0.12)) - 1

                    ≈ 0.0348 or 3.48%

In order to meet the required rate of return of 12%, the perpetual growth rate of dividends for this company should be approximately 3.48%. This implies that the company's dividends are expected to grow at a slower rate beyond the fifth year, indicating a slowdown in the company's growth prospects.

To know more about Rate of Return, visit

https://brainly.com/question/1789817

#SPJ11

The total production cost per unit will be $715. Flint Corporation is starting a new style of jacket and is monitoring the costs of its first production run.

The costs and transactions associated with this jacket are given as follows.

1. Fabric purchased on account costing $360:

Material Cost= $360

DM Inventory= $3602.

Transferred $290 of fabric into production:

DM Inventory= $290

WIP Inventory= $2903.

Accrued DL cost of $190 associated with 10 DL hours:

DL Cost= $190

WIP Inventory= $1904.

Recorded actual MOH costs of $165 (including accrued liabilities of $100 and factory-related depreciation of $65):

MOH Cost= $165

MOH Control= $100

Depreciation Expense= $65

Accumulated Depreciation—Factory= $65 (Depreciation expenses are accumulated on the balance sheet, reducing the fixed assets' value by the depreciation amount.)

5. Applied MOH costs using a budgeted MOH rate of $12 per DL hour:

MOH Cost Applied= $120

WIP Inventory= $1206.

Recognized cost of goods completed of $440:

FG Inventory= $440

WIP Inventory= $440

Note: Total Production Cost = Total DM Cost + Total DL Cost + Total MOH Cost

Total Production Cost= $360 + $190 + $165

= $715

The company's inventory accounts will show the following at the end of the period:

DM Inventory = $70

WIP Inventory = $0

FG Inventory = $440

Total production cost per unit= ($715 ÷ 1)

= $715.

To learn more about corporation, visit:

https://brainly.com/question/32961090

#SPJ11

Based on the given information, IBN has a trailing P/E (price-to-earnings) ratio of 27.52, while the median peer group P/E is 33.25. Assuming there are no differences in the fundamentals between the peer firms and IBN, the firm is undervalued.

The P/E ratio is a measure of how much investors are willing to pay for each dollar of earnings. A lower P/E ratio suggests that investors are paying less for each dollar of earnings, indicating that the stock may be undervalued. In this case, IBN has a lower P/E ratio compared to the median peer group, suggesting that it is undervalued relative to its peers.

Learn more about the P/E ratio-

https://brainly.com/question/18484440

#SPJ11