Required journal entry on December 31, 2021:
Interest Expense $23,660
Discount on Bonds Payable $3,600
Cash $20,060
The straight-line method is a common way to amortize a bond discount, which involves allocating the bond discount to each interest period over the bond's life. In the case of Drew Company, they issued $338,000 in 5-year bonds for $320,000, which means they issued the bonds at a discount of $18,000. The stated rate of interest is 7%, which means the annual interest payment is $23,660 ($338,000 x 7%).
To prepare the necessary journal entry on December 31, 2021, we need to record the interest expense and amortization of bond discount for the year. The interest expense for the year is $23,660, which we can calculate by multiplying the carrying value of the bonds ($338,000 - $18,000 = $320,000) by the stated rate of interest (7%). The amortization of the bond discount for the year is $3,600 ($18,000 ÷ 5 years).
Thus, the journal entry to record these transactions would be as follows:
December 31, 2021:
Interest Expense $23,660
Discount on Bonds Payable $3,600
Cash $20,060
The interest expense of $23,660 is debited, and the discount on bonds payable of $3,600 is also debited (this account is a contra-liability account that reduces the carrying value of the bonds). Cash is credited for the total payment of $20,060 ($23,660 - $3,600). This entry reduces the bond discount and brings the carrying value of the bonds to $315,400 ($320,000 - $4,600). This process continues each year until the bonds are fully amortized or redeemed.
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Which choice BEST completes the following sentence: If you don't anticipate needing another loan any time soon, being late with your unsecured loan payments. *
Doesn't have any real consequence because there's no tangible item to repossess. Doesn't have any real consequence because your loan may have a grace period for late payments. Can have real consequences because your car or home can be repossessed. Can have real consequences because borrowing money will become much more difficult.
The choice that BEST completes the sentence is "Doesn't have any real consequence because there's no tangible item to repossess."
This is because unsecured loans, by definition, are not backed by collateral such as a car or home. Therefore, if you are late with payments on an unsecured loan, the lender cannot repossess any tangible item to make up for the loss. However, it's important to note that being consistently late with payments can still have negative consequences on your credit score and future borrowing opportunities.
Additionally, some loans may have a grace period for late payments, but this is not always the case and should not be relied on. In general, it's always best to make timely payments on all loans to maintain a good credit history and avoid potential consequences in the future. The choice that BEST completes the sentence is "Doesn't have any real consequence because there's no tangible item to repossess."
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What bankruptcy provision has the bank chosen?
Daniel’s company suffers from losses and eventually files for bankruptcy. Since Daniel’s company deals in artifacts, the bank decides to opt for the
(BLANK) provision for bankruptcy. Through this provision, the company decides to auction the goods and recover a portion of the debt
The bank has likely chosen to use chapter 7 of the Bankruptcy code which is the "liquidation provision" for bankruptcy in the case of Daniel's company.
This provision involves the sale of the company's assets, such as artifacts, to raise funds to pay off its debts to creditors, including the bank. The proceeds from the sale are distributed among creditors in order of priority, with secured creditors being paid first, followed by unsecured creditors.
In a liquidation bankruptcy, the bankruptcy court appoints a trustee who is responsible for selling the company's assets and distributing the proceeds to creditors. The trustee is typically a licensed attorney or accountant who specializes in bankruptcy law. The trustee has the authority to negotiate with creditors and may also have the power to operate the company's business for a short period of time in order to maximize the value of its assets.
One advantage of a liquidation bankruptcy is that it provides a relatively quick resolution to the company's financial problems. Once the assets are sold and the proceeds are distributed to creditors, the bankruptcy case is closed. However, the downside of this type of bankruptcy is that the company's owners typically lose control of the business, and the assets may be sold for less than their true value. Additionally, the bankruptcy filing may have a negative impact on the company's credit rating and make it difficult for the owners to secure financing in the future.
In summary, the bank has likely chosen to use the liquidation provision for bankruptcy in the case of Daniel's company. This provision involves the sale of the company's assets to pay off its debts to creditors, with the proceeds being distributed in order of priority. While liquidation bankruptcy provides a quick resolution to the company's financial problems, it also comes with certain downsides such as loss of control over the business and potential negative impact on the company's credit rating.
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40) A company needs to purchase a new copy machine and has the following information available for Model A and Model B:
A B
Purchase Price $35,000 $15,000
Shipping $750 $600
Installation $250 $350
Monthly Service $65 $105
Monthly Toner $150 $290
Annual Mainten. $450 $450
Copies per/min 35 85
Initial Training $500 $500
The current copy machine has the following information:
Purchase Price of the Old Copier $30,000
Book Value of the Old Copier $2,500
Trade-in Value $3,000
What is the undiscounted relevant costs over a five year time period for machine B?
The undiscounted relevant costs over a five-year time period for Machine B is $42,400.
To calculate the undiscounted relevant costs over a five-year time period for Machine B, we'll consider the following costs: purchase price, shipping, installation, monthly service, monthly toner, annual maintenance, and initial training. We'll ignore the information about the old copier, as it is not relevant to this calculation.
1. Purchase Price: $15,000
2. Shipping: $600
3. Installation: $350
4. Monthly Service: $105 x 12 months x 5 years = $6,300
5. Monthly Toner: $290 x 12 months x 5 years = $17,400
6. Annual Maintenance: $450 x 5 years = $2,250
7. Initial Training: $500
Now, let's add up these costs:
$15,000 (Purchase Price) + $600 (Shipping) + $350 (Installation) + $6,300 (Monthly Service) + $17,400 (Monthly Toner) + $2,250 (Annual Maintenance) + $500 (Initial Training) = $42,400
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On michaela's first day at work, she was introduced to her coworkers, given a tour of the facilities, given information about company procedures and expectations, and was given the opportunity to ask questions. michaela experienced a(n) ________. group of answer choices on-the-job training program orientation program programmed learning program apprentice program job analysis
Michaela experienced an c- "orientation program" on her first day at work.
Orientation programs are designed to familiarize new employees with the company, its policies and procedures, and the expectations for their role. This type of program helps new employees adjust to their new workplace and feel comfortable in their new role.
During the orientation program, Michaela was introduced to her coworkers, given a tour of the facilities, and provided with information about company procedures and expectations. This is a common approach to orientation programs, as it provides new employees with a broad understanding of the organization and their role within it.
Overall, an orientation program is an important part of the onboarding process for new employees, as it helps to set expectations, build relationships, and ensure that new employees have the information and resources they need to be successful in their new role.
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Matt simpson owns and operates quality craft rentals, which offers canoe rentals and shuttle service on the nantahala river. customers can rent canoes at one station, enter the river there, and exit at one of two designated locations to catch a shuttle that returns them to their vehicles at the station they entered. following are the costs involved in providing this service each year:
fixed costs variable costs
canoe maintenance $2,350 $3.00
licenses and permits 3,050 0
vehicle leases 5,450 0
station lease 6,970 0
advertising 6,050 1.00
operating costs 21,050 1.00
quality craft rentals began business with a $25,500 expenditure for a fleet of 30 canoes. these are expected to last 10 more years, at which time a new fleet must be purchased. rentals have been stable at about 6,500 per year.
required:
matt is happy with the steady rental average of 6,500 per year. for this number of rentals, what price should he charge per rental for the business to make an annual 19% before-tax return on assets using life-cycle costs?
To determine the price that Quality Craft Rentals should charge per canoe rental to earn a 19% before-tax return on assets using life-cycle costs, we need to calculate the total annual cost and add the desired return on assets, and then divide by the expected number of rentals.
First, we need to calculate the annual fixed costs:
Total annual fixed costs = Canoe maintenance + Licenses and permits + Vehicle leases + Station lease + Advertising
Total annual fixed costs = $2,350 + $3,050 + $5,450 + $6,970 + $6,050
Total annual fixed costs = $24,870
Next, we need to calculate the annual variable costs per rental:
Total annual variable costs per rental = Operating costs per rental
Total annual variable costs per rental = $1.00
Then, we need to calculate the total annual cost:
Total annual cost = Total annual fixed costs + Total annual variable costs per rental x Number of rentals
Total annual cost = $24,870 + $1.00 x 6,500
Total annual cost = $31,370
To earn a 19% before-tax return on assets, we need to add this desired return to the total annual cost:
Desired return on assets = Total assets x Desired return on assets
Desired return on assets = $25,500 x 19%
Desired return on assets = $4,845
Total cost including the desired return on assets = Total annual cost + Desired return on assets
Total cost including the desired return on assets = $31,370 + $4,845
Total cost including the desired return on assets = $36,215
Finally, we can calculate the price per rental to achieve this total cost:
Price per rental = Total cost including the desired return on assets / Number of rentals
Price per rental = $36,215 / 6,500
Price per rental = $5.57
Therefore, Matt should charge a price of $5.57 per rental to earn a 19% before-tax return on assets using life-cycle costs.
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On January 1, 2021, Nath-Langstrom Services, Inc. , a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, which routinely finances equipment for other firms at an annual interest rate of 6%. The contract calls for four rent payments of $11,000 each, payable semiannually on June 30 and December 31 each year. The computers were acquired by ComputerWorld at a cost of $92,000 and were expected to have a useful life of five years with no residual value. Both firms record amortization and depreciation semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. ) Required: 1. Prepare appropriate journal entries recorded by Nath-Langstrom Services for the first year of the lease. 2. Prepare appropriate journal entries recorded by ComputerWorld Leasing for the first year of the lease.
Record the beginning of the lease for Nath-Langstrom Services. Jan. 1, 2021
Record the lease payment made by Nath-Langstrom Services. June 30,2021
Record amortization for Nath-Langstrom Services. June 30,2021
Record the lease payment made by Nath-Langstrom Services. Dec. 31,2021
Record amortization for Nath-Langstrom Services. Dec. 31,2021
Requirement 2
Record the lease payment received by ComputerWorld Leasing. June. 30,2021
Record depreciation for ComputerWorld Leasing. June 30,2021
Record the lease payment received by ComputerWorld Leasing. Dec. 31,2021
Record depreciation for ComputerWorld Leasing. Dec. 31, 2021
On January 1, 2021, Nath-Langstrom Services, Inc. , service a computer software training firm, leased several computers under a two-year operating lease agreement from ComputerWorld Leasing, appropriate.
a.) Record the beginning of the lease for Nath Langstrom Services. Jan. 1, 2021 the following is how Nath-Langstrom Services, Inc. will record the lease payments.
b) Record the lease payment made by Nath-Langstrom Services. June 30,2021When the lease first began:Lease liability is debited.10,000.
c) Services are actions or tasks that a business or person performs for clients. These services typically don't provide a tangible product and are instead intangible.
d) Accounting, consulting, marketing, financial, IT, and legal services are a few examples. Services are typically provided by businesses using their expertise and skills rather than material inputs.
Credit: Lease 10,000 Asset
When you pay your rent:
Debit: $5,000 in lease expenses
Credit: 5,000 Lease Liability
Following each period:
Debit: $2,000 in depreciation costs
Credit: 2,000 in accumulated depreciation
Depreciation expense will be recorded throughout the anticipated lease term, and the lease asset will be amortised over the same period.
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to encourage consumption of a good that generates a positive externality, the best option for policymakers is to: group of answer choices penalize firms through higher taxes unless they produce the socially optimal level of output. mandate consumption of the good at the socially optimal level of output. provide a subsidy to firms for each unit of the good consumed to achieve the socially optimal level of output. allow the market to reach equilibrium on its own.
The best option for policymakers to encourage consumption of a good that generates a positive externality is to provide a subsidy to firms for each unit of the good consumed to achieve the socially optimal level of output.
By providing a subsidy, the cost of production decreases, and firms can produce more of the good at a lower cost, leading to an increase in consumption. This will help to internalize the positive externality by aligning the private and social costs and benefits of producing and consuming the good.
Mandating consumption of the good at the socially optimal level of output may not be feasible or efficient for the policymakers. Allowing the market to reach equilibrium on its own may not lead to the socially optimal level of consumption if the positive externality is not considered.
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When a local board of REALTORS® requires that disputes go to mediation first rather than to arbitration, what does this mean for the REALTORS® associated with that board?
The requirement for mediation before arbitration is a positive step towards resolving disputes in a more collaborative and efficient manner. By encouraging parties to work together and find common ground, mediation can often lead to a more satisfactory outcome for everyone involved.
When a local board of REALTORS® requires that disputes go to mediation first rather than to arbitration, it means that REALTORS® associated with that board must first attempt to resolve their disputes through mediation before resorting to arbitration.
Mediation is a non-binding process that involves a neutral third party, the mediator, who assists the parties in reaching a mutually agreeable resolution. The mediator does not make a decision or impose a solution on the parties but facilitates communication and negotiation between them.
This requirement may affect the REALTORS® associated with the board in several ways. First, they will need to be aware of the mediation requirement and ensure that any contracts or agreements they sign reflect this. They may also need to educate their clients about the mediation process and its benefits.
Secondly, REALTORS® will need to prepare for mediation differently than for arbitration. Mediation is typically less formal than arbitration, and parties are often more involved in the process. REALTORS® may need to gather more information and be more prepared to negotiate and compromise.
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On January 1, Xtreme Co. Began offering credit with terms of n/30. Uncollectible accounts are estimated to be 1% of credit sales, which is the average for the industry. The CEO, Todd Hurley, has no background in accounting and is struggling to understand the allowance method. Write a brief memo to Todd, explaining the allowance method and how this information is reported in the financial statements
As per the credit policy of Xtreme Co., we offer credit with terms of n/30.
To account for the possibility of uncollectible accounts, we use the allowance method. This method allows us to estimate the amount of accounts receivable that may not be collected and set aside a reserve for them.
In our case, we estimate that 1% of our credit sales may become uncollectible. We set aside a reserve for this amount and adjust it periodically based on our actual experience with bad debts. This reserve is reported on our balance sheet as a contra asset account called the allowance for doubtful accounts.
The amount of accounts receivable reported on our balance sheet is net of the allowance for doubtful accounts. This means that we report the estimated amount of accounts receivable that we expect to collect, less the estimated amount that may become uncollectible.
I hope this explanation helps you understand how we account for uncollectible accounts and report this information in our financial statements.
Best regards,
Ginny
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The current spot price of a stock is $34, the expected rate of return of the stock is 8%, and the volatility of the stock is 20%. The risk-free rate is 3% for all times. Assume the stock pays a dividend of 25 cents in 2 months. Compute the price of a European call option on the stock with strike price $35 expiring in 4 months
The price of the European call option on the stock with a strike price of $35 expiring in 4 months is $1.72. This is computed using the Black-Scholes option pricing model, which takes into account the stock's current spot price, expected rate of return, volatility, and dividend payment.
Using the Black-Scholes option pricing model, the price of a European call option can be calculated as
d1 = (ln(S/X) + (r + σ²/2)t) / (σ * √(t)) = (ln(34/35) + (0.08 + 0.2²/2) * (4/12)) / (0.2 * √(4/12)) = -0.4552
d2 = d1 - σ * √(t) = -0.8019
N(d1) = 0.3246
N(d2) = 0.2114
C = SN(d1) - X[tex]e^{-rt}[/tex]N(d2) = 34 * 0.3246 - 35 * [tex]e^{-0.03 * 4/12}[/tex] * 0.2114 = $1.72
Therefore, the price of a European call option on the stock with strike price $35 expiring in 4 months is $1.72.
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A company has 1,700 shares of 6%, $100 par value preferred stock the company issued at the beginning of Year 1. All remaining shares are common stock. The company was not able to pay dividends in Year 1, but plans to pay dividends of $22,000 in Year 2. Required:
1. & 2. How much of the $22,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in Year 2, assuming the preferred stock is cumulative? What if the preferred stock were noncumulative?
If the preferred stock is cumulative, the company must first pay any missed dividends from the previous year before paying any dividends to common stockholders. The remaining $11,500 of the $22,000 dividend would be paid to common stockholders.
In this case, the missed dividend from Year 1 is 1,700 shares x $100 par value x 6% dividend rate = $10,200.
Therefore, the preferred stockholders will receive $10,200 + $10,500 (1,700 shares x $100 par value x 6% dividend rate for Year 2) = $20,700 of the $22,000 dividend, and the remaining $1,300 will be paid to common stockholders.
If the preferred stock were noncumulative, the missed dividend from Year 1 would not have to be paid, and the preferred stockholders would only receive $10,500 (1,700 shares x $100 par value x 6% dividend rate for Year 2).
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The company is Lemonade Insurance:
Define the product and market the organization will work with.
Describe the level of diversification the team suggests the organization use for that product.
Level of diversification: low levels of diversification, moderate to high levels of diversification, and very high levels of diversification.
The team at Lemonade Insurance suggests a moderate to high level of diversification for their product, meaning that they focus on offering their core product to their target market.
About Lemonade insuranceLemonade Insurance makes use of a digital platform that allows for the smooth functioning of the system. The insurance policies that are offered are entirely digital and require minimal interaction between the policyholder and the company.
Market the organization will work with: Lemonade Insurance provides insurance policies to homeownersL and renters. It is a peer-to-peer insurer that operates through a digital platform. It also makes use of AI for providing customer services.
Level of diversification: As per the level of diversification, it can be said that the company follows moderate to high levels of diversification.
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break-even point hilton inc. sells a product for $91 per unit. the variable cost is $58 per unit, while fixed costs are $331,056. determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $96 per unit. a. break-even point in sales unitsfill in the blank 1 units b. break-even point if the selling price were increased to $96 per unitfill in the blank 2 units
a) Hilton Inc. needs to sell 4,437 units of its product to cover all of its costs and break even.
b) If Hilton Inc. increases its selling price to $96 per unit, it will need to sell 2,797 units to break even.
a) The break-even point is the level of sales at which a company generates enough revenue to cover its total costs. To calculate the break-even point in sales units, we need to use the formula:
Break-even point (units) = Fixed costs / (Price per unit - Variable cost per unit)
For Hilton Inc., fixed costs are $331,056, the selling price is $91 per unit, and the variable cost is $58 per unit. Plugging these values into the formula, we get:
Break-even point (units) = $331,056 / ($91 - $58) = 4,437 units
b) To calculate the break-even point if the selling price were increased to $96 per unit, we can use the same formula and substitute $96 for the selling price:
Break-even point (units) = $331,056 / ($96 - $58) = 2,797 units
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[the following information applies to the questions displayed below.] in 2021, sheryl is claimed as a dependent on her parents' tax return. her parents report taxable income of $500,000 (married filing jointly). sheryl did not provide more than half her own support. what is sheryl's tax liability for the year in each of the following alternative circumstances? use tax rate schedule, dividends and capital gains tax rates for reference. (leave no answer blank. enter zero if applicable.) a. she received $7,000 from a part-time job. this was her only source of income. she is 16 years old at year-end
Sheryl's tax liability for the year is $140.
Since Sheryl is claimed as a dependent on her parents' tax return, her standard deduction for 2021 is limited to the greater of $1,100 or her earned income plus $350, up to a maximum of $12,550. In this case, Sheryl's earned income is $7,000, so her standard deduction is $7,350 ($7,000 + $1,350). This means her taxable income is $0 since her earned income is less than her standard deduction.
Therefore, her tax liability is calculated as follows: ($0 - $0) x 10% = $0. However, since Sheryl received unearned income in the form of dividends and capital gains tax, she is subject to the "kiddie tax" rules. The first $1,100 of unearned income is tax-free, the next $1,100 is taxed at the child's rate, and any unearned income above $2,200 is taxed at the parents' marginal tax rate. In this case, Sheryl's unearned income is $0, so she does not owe any additional taxes.
Sheryl's tax liability for the year is $140 ($0 + $140), which represents the amount of taxes her parents will pay on their additional income due to claiming her as a dependent.
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for years, rory ate one granola bar for breakfast. then, the company changed their packaging so that granola bars were wrapped in sets of two. ever since this changed occurred, rory has had two bars for breakfast. this is an example of:
For years, rory ate one granola bar for breakfast. then, the company changed their packaging so that granola bars were wrapped in sets of two. ever since this changed occurred, rory has had two bars for breakfast. this is an example of the "framing effect".
The framing effect in which the cognitive bias that occurs when people make different choices depending on how information is presented. In this case, the packaging change framed the in sets of two, which influenced Rory's perception of what constituted an appropriate breakfast serving size.
Prior to the packaging change, Rory's reference point for breakfast was one granola bar, but after the change, his reference point became a set of two granola bars.
That's the reason of the framing effect is a common phenomenon in marketing and advertising, where the presentation of information can influence consumer behavior and decision-making.
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The Rodriguez Company advertises its products by using direct marketing, promotions, coupons, and catalogs, and every year the Rodriguez Company sponsors the Little League tournament. Recently the Rodriquez Company has added a social media component to its advertising by using targeted online ads, mobile ads, and contextual ads inside podcasts. This type of advertising does not typically show up on Rodriquez's standard advertising spend report. The Rodriquez Company is using _______
In this situation, this kind of advertising doesn't ordinarily appear on Rodriquez's standard promoting spend report. The Rodriquez Organization is utilizing Unmeasured media.
The option (A) is correct.
Unmeasured media is practically all business correspondence organizations or different gadgets that don't have "appraisals" or "reviews" yet are traded and estimated in their cash or pointer the publicizing. For instance: designated web-based promotions, portable advertisements, logical promotions inside digital broadcasts, and so on.
Unmeasured media are everything trickier to check These are things that don't normally appear in a standard promotion spend report.Although much of unmeasured media is often actually measured, it is not "verified" by a third party.
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This question is not complete, Here I am attaching the complete question:
The Rodriguez Company advertises its products by using direct marketing, promotions, coupons, and catalogs, and every year the Rodriguez Company sponsors the Little League tournament. Recently the Rodriquez Company has added a social media component to its advertising by using targeted online ads, mobile ads, and contextual ads inside podcasts. This type of advertising does not typically show up on Rodriquez's standard advertising spend report. The Rodriquez Company is using _______.
(A) Unmeasured media.
(B) nmeasured media.
(C) digital broadcasts.
Author Jacob Maslow offers guidelines to keep marketers fromfalling prey to unethical practices. Which guideline is not onesuggested by Maslow?A. Always credit when resharing someone else’s conte
One guideline not suggested by author Jacob Maslow to keep marketers from falling prey to unethical practices is never sell anything to a customer who has not given informed consent. Therefore, the correct option is E.
Jacob Maslow's guidelines focus on crediting others' content, transparency, divulging affiliation, and avoiding privacy concerns. Maslow's suggested guidelines are as follows:
Always credit when resharing someone else’s content.Remain transparent at all times.Always divulge your affiliation.Never give cause for privacy concerns.These guidelines are intended to help marketers avoid engaging in unethical practices and to promote ethical behavior in their marketing efforts.
Hence, author Jacob Maslow offers guidelines to keep marketers from falling prey to unethical practices. The guideline that is not suggested by Maslow is option E: never sell anything to a customer who has not given an informed consent.
Note: The question is incomplete. The complete question probably is: Author Jacob Maslow offers guidelines to keep marketers from falling prey to unethical practices. Which guideline is not one suggested by Maslow? A. Always credit when resharing someone else’s content. B. Remain transparent at all times. C. Always divulge your affiliation. D. Never give cause for privacy concerns. E. Never sell anything to a customer who has not given an informed consent.
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honey bell corporation has the following information about its eclipse product: honey bell corporation eclipse product expected sales $ 10,000 units direct material and labor costs $ 150 per unit variable manufacturing overhead $ 20 per unit fixed manufacturing overhead $ 300,000 fixed selling and administrative expenses $ 150,000 average operating assets $ 2,000,000 required return on investment 20% what is the amount of the markup percentage on the absorption cost that should be used to derive the selling price of this product? multiple choice 20.00% 32.35% 17.50% 27.50%
The amount of the markup percentage on the absorption cost that should be used to derive the selling price of the Eclipse product is 27.50%. Option D is correct.
The markup percentage on the absorption cost that should be used to derive the selling price of the Eclipse product can be calculated using the following formula:
Markup percentage = (Required return on investment x Average operating assets) / Expected sales
Markup percentage = (20% x $2,000,000) / 10,000 = 40%
However, the markup percentage is only applied to the absorption cost, which includes direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead. Therefore, the markup percentage on the absorption cost would be:
Markup percentage on absorption cost = Markup percentage / (1 + (Total manufacturing overhead / Direct labor cost))
Total manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead = $20 + $300,000 = $300,020
Direct labor cost = Direct material and labor costs per unit = $150 per unit
Markup percentage on absorption cost = 40% / (1 + ($300,020 / $150)) = 27.50%
As a result, the markup percentage on absorption cost that should be utilized to calculate the selling price of the Eclipse product is 27.50%. Option D is correct.
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a tech startup is exploring ways to develop an app that allows patients to visit their doctors virtually. the startup is partnering with a local practice to compile data, including symptoms, common ailments, and clinical expertise, to be accessible through the interface of the app. the company anticipates the project will take two to three years. what type of business-level strategy best fits this partnership?
The tech startup and the local practice are collaborating to develop an app that will enable patients to visit their doctors virtually. This partnership focuses on compiling relevant data that will be accessible through the app's interface. The startup aims to complete the project in two to three years.
The business-level strategy that best fits this partnership is a focused differentiation strategy. This strategy centers on creating a unique and differentiated product that meets the specific needs of a target market. In this case, the startup is developing an app that allows patients to visit their doctors virtually, a service that is currently not widely available.
By partnering with a local practice to compile data on symptoms, common ailments, and clinical expertise, the startup is creating a unique and differentiated product that meets the specific needs of patients. This strategy allows the startup to distinguish itself from competitors and appeal to a specific target market, which is likely to result in increased sales and profitability.
In conclusion, the tech startup's partnership with a local practice to develop an app that allows patients to visit their doctors virtually aligns with a focused differentiation strategy. The partnership aims to create a unique and differentiated product that meets the specific needs of patients, which is expected to result in increased sales and profitability.
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funds are balanced funds that automatically change the asset allocation from more to less equity exposure as an investor ages. group of answer choices aggressive growth value target-date bond intermediate-term
Target-date funds are those that adapt their asset allocation to an investor's changing age, moving from a higher to a lower equity exposure.
A target date fund is what?A diversified mutual fund that automatically switches to a less risky mix of investments as it nears its "target date," which is a specific year in the future. Based on his or her specific investment objective, a target date fund investor chooses a fund with the appropriate target date.
What factors affect target date fund age?Investors often pick the target-date fund whose name comes closest to the date they intend to retire when making an investment. A target-date fund might be chosen by an investor who is 30 years old and plans to retire at 65.
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You are auditing the financial statements of hope engineering, a limited company, for the year ending 31 march 20x8. the partner in charge of the audit instructs you to carry out a review of the company's activities since the financial year end. mr smith, the managing director of hope engineering, overhears the conversation with the partner and is surprised that you are examining accounting information which relates to the next accounting period.
explain the nature and purpose of a subsequent events review (6 marks)
describe the audit procedures which would be carried out in order to identify any material subsequent events
A subsequent events review: is an audit procedure that examines events that occur after the date of the financial statements but before the auditor's report is issued.
The purpose of this review is to ensure that any material events that have occurred are appropriately disclosed in the financial statements.
To identify any material subsequent events, the auditor may inquire of management about events that have occurred since the balance sheet date, review minutes of meetings held after the balance sheet date, and examine subsequent transactions and other documents.
The auditor may also consider the impact of subsequent events on the financial statements and assess whether additional disclosures or adjustments are necessary. The procedures carried out by the auditor depend on the nature and significance of the subsequent events and their potential impact on the financial statements.
It is important to carry out a subsequent events review to ensure the financial statements are not misleading and to provide users with accurate and reliable information.
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Which of the following is the best example of an external customer for David's company?
David's company is a business that provides services or products to customers outside the company. An external customer is any individual, group, or organization that is not part of David's company. The best example of an external customer for David's company is someone who purchases their products or services for personal or business use.
For instance, if David's company is a computer repair shop, an external customer would be someone who brings in their computer for repair. This individual or organization is external to David's company because they are not a part of the business itself. Other examples of external customers could include retailers, wholesalers, or distributors who purchase products from David's company to sell to their own customers.
It is important for David's company to identify its external customers in order to better understand their needs and preferences. This can help them tailor their products and services to meet the demands of their customers, resulting in increased customer satisfaction and loyalty.
In conclusion, the best example of an external customer for David's company is someone who purchases their products or services for personal or business use. Identifying and understanding the needs of external customers is crucial for the success and growth of any business.
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The firefighters in several cities in the area have been working long hours, and they feel they are underpaid. they have been picketing for increased wages, additional staff, and fewer hours. however, they are considered essential to the security of the country. what can be done to force them back to work?
a. file a complaint based on the occupational safety and health act.
b. file a claim with the department of labor.
c. enforce the national labor relations act.
d. enforce executive order 11246.
e. enforce the national emergency strike provision.
It's important to approach this situation carefully and with an understanding of the legal and ethical considerations involved. Rather than seeking to force the firefighters back to work,
The correct option is e. enforce the national emergency strike provision.
Some general information about the options listed.
First, it's important to note that forcing essential workers, such as firefighters, back to work can be a delicate and complex issue. It's crucial to balance the rights of the workers with the needs of the community they serve.
With that in mind, here are some general explanations of the options listed:
a. Filing a complaint based on the Occupational Safety and Health Act (OSHA): OSHA is a federal law that establishes safety and health standards for workplaces. If the firefighters believe their working conditions are unsafe or unhealthy, they could file a complaint with OSHA. However, this would not necessarily force them back to work.
b. Filing a claim with the Department of Labor: The Department of Labor enforces various labor laws, including those related to wages and hours. If the firefighters feel they are underpaid or overworked, they could file a claim with the Department of Labor. However, again, this would not necessarily force them back to work.
c. Enforcing the National Labor Relations Act (NLRA): The NLRA protects workers' rights to organize and engage in collective bargaining. If the firefighters are unionized, they could potentially go on strike, and their employer could not fire them for doing so. However, this would not necessarily force them back to work either.
d.Enf orcing Executive Order 11246: This executive order prohibits federal contractors from discriminating against employees on the basis of race, color, religion, sex, sexual orientation, gender identity, or national origin. It's unclear how this would apply to the firefighters' situation.
e. Enforcing the National Emergency Strike Provision: This provision is part of the Taft-Hartley Act, which limits the ability of certain essential workers to strike during national emergencies. However, it's important to note that this provision is only applicable during certain types of emergencies, and it's possible that a strike by firefighters might not be covered by it.
Overall, it may be more productive to engage in constructive dialogue and negotiations to find a mutually agreeable solution.
Therefore, the correct answer is option e.
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If u have internet look for a nepali ecommerce firm what do they sell where
If you are looking for a Nepali e-commerce firm, one example is Daraz. Daraz is an online marketplace that operates in Nepal, providing customers with a wide variety of products, such as electronics, clothing, home appliances, and more.
They sell these items through their website (daraz.com.np) and mobile app, where users can browse, compare, and purchase products conveniently.
Daraz delivers items across Nepal, covering various cities and towns. They also offer multiple payment options, including cash on delivery and online payments, for a seamless shopping experience.
In summary, a Nepali e-commerce firm like Daraz sells a diverse range of products online and delivers them to customers throughout Nepal.
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At the beginning of the summer, Humphrey Nelson was looking for a way to earn money to pay for his college tuition in the fall. He decided to start a lawn service business in his neighborhood. To get the business started, Humphrey used $6,000 from his savings account to open a checking account for his new business, Elegant Lawn Care. He purchased two used power mowers and various lawn care tools for $2,000, and paid $3,600 for a second-hand truck to transport the mowers. Several of his neighbors hired him to cut their grass on a weekly basis. He sent these customers monthly bills. By the end of the summer, they had paid him $4,800 in cash and owed him another $2,400. Humphrey also cut grass on an as-needed basis for other neighbors, who paid him $4,000. During the summer, Humphrey spent $800 for gasoline for the truck and mowers. He paid $4,000 to a friend who helped him on several occasions. An advertisement in the local paper cost $800. Now, at the end of the summer, Humphrey is concerned because he has only $3,600 left in his checking account. He says, "I worked hard all summer and have only $3,600 to show for it. It would have been better to leave the money in the bank. " Required: Prepare an income statement, a statement of owner’s equity (for the three month period ended August 31, 20X1), and a balance sheet (dated August 31, 20X1) for Elegant Lawn Care
Income Statement for Elegant Lawn Care
Revenue:
From regular customers: $4,800
From as-needed customers: $4,000
Total Revenue: $8,800
Expenses:
Cost of Used Power Mowers and Lawn Care Tools: $2,000
Cost of Second-Hand Truck: $3,600
Gasoline for Truck and Mowers: $800
Wages Paid to Friend: $4,000
Advertisement Cost: $800
Total Expenses: $11,200
Net Loss: ($2,400)
Statement of Owner’s Equity for Elegant Lawn Care
Opening Balance: $6,000
Net Loss: ($2,400)
Investment by Owner: $0
Withdrawals by Owner: $0
Ending Balance: $3,600
Balance Sheet for Elegant Lawn Care (As of August 31, 20X1)
Assets:
Cash: $3,600
Used Power Mowers and Lawn Care Tools: $2,000
Second-Hand Truck: $3,600
Total Assets: $9,200
Liabilities:
Accounts Receivable: $2,400
Total Liabilities: $2,400
Owner’s Equity: $6,800
Total Liabilities and Owner’s Equity: $9,200
Explanation:
The income statement shows that Elegant Lawn Care had total revenue of $8,800 during the summer but incurred expenses of $11,200, resulting in a net loss of $2,400. The statement of owner’s equity shows that the business had an opening balance of $6,000, incurred a net loss of $2,400, and did not have any investment or withdrawal by the owner during the period. The ending balance in the owner’s equity account is $3,600.
The balance sheet shows that Elegant Lawn Care had total assets of $9,200 as of August 31, 20X1, consisting of cash, used power mowers and lawn care tools, and a second-hand truck. The liabilities section shows that the business is owed $2,400 from its accounts receivable. The owner’s equity section shows that the business has a total equity of $6,800, which is the same as the ending balance in the owner’s equity account on the statement of owner’s equity.
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After studying Jerry Colangelo, identify and explain two to three behaviors that a leader should demonstrate or avoid in order to be successful.
He has always stressed the importance of working together and building strong relationships with team members in order to achieve success. A leader who wants to be successful should, therefore, demonstrate a commitment to teamwork and collaboration. This can be achieved by encouraging open communication, sharing resources and knowledge, and promoting a culture of cooperation.2.
Being accountable and responsible: Another key behavior that a leader should demonstrate is accountability and responsibility. Jerry Colangelo is known for taking ownership of his actions and decisions, and he holds himself and his team members accountable for their actions as well. A leader who wants to be successful should, therefore, demonstrate a sense of responsibility and accountability by taking ownership of their actions and decisions, being transparent with their team members, and admitting when they are wrong or when they have made a mistake.3. Avoiding micromanagement: While Jerry Colangelo is a hands-on leader, he has also learned to delegate and trust his team members to do their jobs effectively. A leader who wants to be successful should, therefore, avoid micromanagement and trust their team members to do their jobs. This can be achieved by setting clear expectations, providing guidance and support, and empowering team members to take ownership of their work. By avoiding micromanagement, leaders can create a culture of trust and accountability that leads to better performance and higher levels of engagement among team members.Read more about accountability here:https://brainly.com/question/27958508
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Fragrances, Inc. Of America charges U. S. Wholesale prices that are 50 percent higher than its wholesale prices in Europe. Because of this price differential, the company's perfumes sold to European wholesalers are leaked back into the United States and are sold at a lower (discounted) price. This is an example of a gray market. A countertrade practice. Transfer pricing. Reverse logistics
The scenario described is an example of a gray market. This occurs when products are sold through distribution channels that are not authorized by the manufacturer or trademark holder.
In this case, the products are being sold at a lower price point in the United States than what Fragrances, Inc. of America charges its U.S. wholesale customers, as the perfumes are being leaked back into the United States from Europe. This creates an imbalance in the marketplace and undermines the pricing strategy of the company.
Countertrade practices involve the exchange of goods or services in lieu of payment, transfer pricing refers to the pricing of goods or services transferred between different units or divisions of a company, and reverse logistics refers to the processes involved in managing the return of goods from the end-user back to the manufacturer or supplier.
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a realtor in the real estate market is an example of group of answer choices an end user in a matchmaking market. a platform in a matchmaking market. a platform in a shared-input market. an end user in a shared-input market.
A realtor in the real estate market is an example of an end user in a shared-input market. The correct answer is D)
In a shared-input market, multiple buyers or sellers compete for the same resources or inputs. Real estate is a good example of a shared-input market, as multiple buyers compete for the same properties, and multiple sellers compete for the same pool of potential buyers.
A realtor in the real estate market is an end user in this market, as they are a representative of the buyer or seller who is looking to purchase or sell a property. Realtors do not own the properties themselves, but rather facilitate the transactions between the buyers and sellers.
Option A) an end user in a matchmaking market refers to a market where buyers and sellers are matched by a third-party platform, such as an online dating app. This is not applicable to the real estate market.
Option B) a platform in a matchmaking market refers to a platform that connects buyers and sellers, such as an online marketplace like Amazon or eBay. This is also not applicable to the real estate market.
Option C) a platform in a shared-input market refers to a platform that provides access to a shared resource, such as a platform that connects farmers to shared equipment. This is not applicable to the real estate market.
The correct answer is D)
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If total utility increases at a decreasing rate as a consumer consumes more coffee, then marginal utility must:.
Explanation:
decrease, the total of utilities
1. z, who has never married or had children, owns a home worth $175,000, which has a mortgage balance of $35,000. due to some finacial troubles, z is considering bankrupcy, but would like to not lose the investment in the house. under the homestead exemption act, what is the most z can protect? (a) 60000 (b) 30000 (c) in bankruptcy, none can be protected. (d) 125000 2. a woman has seven children and a husband. two of the children have married and moved away, the others are still living at home. under the utah exemption act, what exemption could she claim if she became involved in foreclosure proceedings on her home? (a) 60000 (b) 30000 (c) 4500 (d) 12000 3. to terminate a homestead, one would record: o (a) a notice of abandonment. (b) a termination of homestead. (c) a release of lien (d) a notice of release of homestead. 4. the only remedy for a mechanic's lien is: (a) injunction (b) home foreclosure (c) attachment (d) judgment 5. in order to place a mechanic's lien against a property, the person must be able to prove that: (a) his work or material was integrated into the property. (b) the work or materal was valued in excess of $2,000. (c) the work or material was ordered by a general contractor. (d) he is a licensed genreal contractor or sub-contractor.
Homestead exemption laws vary by state, but in this case, we can assume Z lives in a state with a homestead exemption of $125,000. This means that Z can protect up to $125,000 of equity in their home from creditors in the event of bankruptcy. Hence Option d is correct.
Utah's homestead exemption allows individuals to protect up to $60,000 of equity in their home from creditors in the event of foreclosure proceedings. Hence Option a is correct.
A notice of abandonment is recorded to terminate a homestead, indicating that the homeowner has voluntarily given up their homestead rights. Hence Option a is correct.
A mechanic's lien is a legal claim against a property that secures payment for work done or materials provided by a contractor or subcontractor. The only remedy for a mechanic's lien is to foreclose on the property. Hence Option b is correct.
In order to place a mechanic's lien against a property, the contractor or subcontractor must be able to prove that their work or materials have been incorporated into the property and that they have not been paid for that work or materials. The value of the work or materials and the licensing status of the contractor or subcontractor may also be factors depending on the state. Hence Option a is correct.
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