Answer:
First of all, there was no attendant in the parking lot when batman arrived, meaning that he did not hand the keys. Batman kept the leys to himself all the time, so there is no transfer of possession. Without a valid transfer of possession, bailment cannot exist. Whether Batman ate at the restaurant or spent time talking to Wonder Woman do not change the facts that the safety of his Batmobile was his responsibility only.
A CEO who communicates about the opportunities and challenges facing the company to employees at all levels and in all departments is engaged in .:_______
a. sending routine messages
b. communication apprehension
c. horizontal communication
d. horizontal communication
A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the three locations given the following information: Annual costs for building, equipment, and administration would be $59,000 for Memphis, $69,000 for Biloxi, and $104,000 for Birmingham. Labor and materials are expected to be $7 per unit in Memphis, $5 per unit in Biloxi, and $5 per unit in Birmingham. The Memphis location would increase system transportation costs by $58,000 per year, the Biloxi location by $68,500 per year, and the Birmingham location by $25,400 per year. Expected annual volume is 14,400 units.
Answer:
Total cost for a location = Annual costs for building, equipment, and administration + Labor and materials cost per unit*expected annual volume + Increase in transportation costs
Total cost for Memphis location = $59000 + $7*14400 + $58000
Total cost for Memphis location = $217,800
Total cost for Biloxi location = $69000 + $5*14400 + $68500
Total cost for Biloxi location = $209,500
Total cost for Birmingham location = $104000 + 5*14400 + $25400
Total cost for Birmingham location = $201,400
So, Birmingham location gives the lowest Annual Total Cost.
Once you purchase a house. It typically appreciates in value. Appreciation is
A. an increase in value
B. stability in value
C. polite
D. a decrease in value
Answer:
A.
Explanation:
Appreciation means that something increases in value therefore it is A.
K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $45,000 of personal cash to the partnership. Rosen owns land worth $10,000 and a small building worth $75,000, which she transfers to the partnership. Toso transfers to the partnership cash of $10,000, accounts recevable of $27,000 and equipment worth $14,000. The partnership expects to collect $24,300 of the accounts receivable.
Prepare the journal entries to record each of the partners' investments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation Debit Credit
(To record investment of Decker.)
(To record investment of Rosen.)
(To record investment of Toso.)
What amount would be reported as total owner's equity immediately after the investment?
Total owner's equity$_______
Answer:
to record Decker's investment:
Dr Cash 45000
Cr Decker, Capital 45000
to record Rosen's investment:
Dr Land 10,000
Dr Building 75,000
Cr Rosen, Capital 85,000
to record Toso's investment:
Dr Cash 10,000
Dr Accounts Receivable 27,000
Dr Equipment 14,000
Cr Allowance for Doubtful Accounts 2,700
Cr Toso, Capital 48,300
total owners' equity = $178,300
Newland Company reported retained earnings at December 31, 2019, of $310,000. Newland had 200,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $285,000. Compute the ending balance in retained earnings at the end of 2020.
Answer:
$495,000
Explanation:
retained earnings December 31, 2019 = $310,000
cash dividends = 200,000 x $0.50 = $100,000
net income during 2020 = $285,000
ending balance of retained earnings for December 31, 2020 = $495,000
stock dividends do not affect retained earnings
What is marketing-information management (MIM)?
Answer:
Explanation:
Marketing Information Management (MIM) The process and methods used to gather information, analyze it, and report findings related to marketing goods and services.
Answer:
mm
Explanation:
Problem 4-54 (LO. 4, 5) Linda and Don are married and file a joint return. In 2020, they received $12,000 in Social Security benefits and $35,000 in taxable pension benefits and interest. The applicable higher/lower bases for Social Security computations for married filing jointly are $32,000 and $44,000. a. Compute the couple's adjusted gross income on a joint return. $fill in the blank 7fe2a4f7afc4f82_1 b. Don would like to know whether they should sell for $100,000 (at no gain or loss) a corporate bond that pays 8% in interest each year and use the proceeds to buy a $100,000 nontaxable State of Virginia bond that will pay $6,000 in interest each year. Assume that their marginal tax rate is 12%. Although the interest received on the state bond is , it still is in modified adjusted gross income, impacting the taxability of the Social Security benefit. Their AGI would be $fill in the blank c572caf67feefd0_3 . c. In the preceding situation part (a), if Linda works part-time and earns $30,000, by how much would Linda and Don's adjusted gross income increase
Answer:
The answer to this question can be defined as follows:
Explanation:
For point a:
Chargeable advantages to social welfare:
[tex]=0.5(\$35000+0.5(\$12000)-\$32000)\\\\ =0.5(9000)\\\\=\$4500[/tex]
Pension benefits etc $35 thousand
Total AGI= [tex]\$39,500[/tex]
For point b:
Additional revenue [tex](\$3,500-\$8,000) = \$27,000[/tex]
Taxable [tex]SSB0.5(27000+\$6000+0.5\times 12000-\$32000)=\$3500[/tex]
AGI = [tex]\$30,500[/tex]
Less: AGI in (a) [tex](\$39,500)[/tex]
Decrease [tex](\$9000)[/tex]
Tax payers' financial income has been down by [tex]\$2000[/tex], but taxable AGI is down by $9,000. The reduction of [tex]\$650(\$2000-\$9000\times 15 \%)[/tex] with a [tex]15\%[/tex]MTR after the tax income.
For point c:
The least of follows [tex]1). \ \ 0.85( \$65000+0.5 \times 12000-\$44000) = \$22950[/tex]
Smaller than that one
Calculated amount with the first formula
Less:
[tex]0.5\times 12000 = \$6000\\\\0.5(\$65000+0.5 \times 12000-\$32000)= \$19500 \ \ or \ \ \$6000\\\\\$22950 +\$6000 = \$28950 \\\\2.0.85 \times 12000 = \$10200[/tex]
That is why Linda and Don have [tex]85\%[/tex]of their gross income from the SSB [tex]\$10200[/tex].
The benefits of social security [tex]\$10200[/tex]
Additional revenues [tex]=\$35000+\$30000 \ \ (addl.inc)= \$ 65000[/tex]
AGI [tex]\$75,200[/tex]
Less (a) AGI ([tex]\$39,500[/tex])
Increases [tex]\$ 35,700[/tex]
AGI growth exceeds earnings increases because more SSB is taxed.
The journal entry to record the purchase of materials on account is a(n)
Assume that the Harts received the $5,000 check the same day as Buffaloe and the Harts made their handshake agreement in the Harts' front yard. The following morning, before Buffaloe as able to pay for improvements, make insurance reimbursements to the Harts, or take actions to sell the property, the Harts returned the check to Buffaloe unendorsed. The Harts said they wanted to keep the barns for themselves. Buffaloe argues that a contract to sell the sheds to him was formed.
1. A written contact that evidences the agreement________ satisfy the writing requirement.
2. A check_________ satisfy the writing requirements for the Statute of Frauds.
3. Who must sign the writing?____________
4. Did the Harts sign the writing that Buffaloe gave to them?__________
Answer:
1. A written contact that evidences the agreement CAN satisfy the writing requirement.
2. A check CAN satisfy the writing requirements for the Statute of Frauds.
But not in this case since the check was returned unendorsed.
3. Who must sign the writing?
The person against whom the contract is being enforced, in this case the Harts.
4. Did the Harts sign the writing that Buffaloe gave to them?
No they didn't, since the check was not endorsed.
During June, Buttrey Corporation incurred $72,000 of direct labor costs and $12,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:__________
a. debit to Work in Process of $67,000
b. credit to Work in Process of $74,000
c. debit to Work in Process of $74,000
d. credit to Work in Process of $67,000
The correct question is:
During June, Buttrey Corporation incurred $67,000 of direct labor costs and $7,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:
A)debit to Work in Process of $67,000B)credit to Work in Process of $74,000C)debit to Work in Process of $74,000D)credit to Work in Process of $67,
Answer:
a. debit to Work in Process of $67,000
Explanation:
Labour costs are made up of direct labour cost and indirect labour costs.
An addition of these two items results in amount of money the company will pay as wages to worked (labour).
In the given scenario we will then add direct and indirect labour cost to get wages to be paid.
Wage = 72,000 + 12,000 = $84,000
Wages is credited when raising journal entry
Direct labour will be classified under work in process (that is $72,000)
While indirect labour is manufacturing overhead $12,000)
Work in process and manufacturing overhead are debited when raising journal entry
So one of the entries will be a debit to Work in Process of $67,000
Nick and Beth run a catering business in which they have two major tasks: getting new clients and preparing food for events and parties. It takes Nick 8 hours to prepare food for an event and 4 hours of effort to get each new client. For Beth, it takes 12 hours to prepare food for an event and 3 hours to get a new client.
1. Who has an absolute advantage in food preparation?
2. Who has a comparative advantage in food preparation?
Suppose that initially, Nick and Beth are both splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by __?__.
The second part threw me off and I got confused. I put up the entire problem just to see if i answered it correctly or not to see whether that was what threw me off or not. Thanks in advance! :)
Answer:
NICK
NICK
2
Explanation:
A company has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Nick prepares food in 8 hours while Beth produces the food in 12 hours. ick thus has an absolute advantage in food preparation because he produces food in less time
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
Opportunity cost of Nick in food preparation = 4/8 = 0.5 hours
Opportunity cost of Beth in food preparation = 3 / 12 = 0.25 hours
Nick has a comparative advantage in food preparation
A pre-concert rehearsal is an example of
Media strategy
Marginal analysis
Quality control
Goodwill
Answer:
Quality control
Explanation:
Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.
Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.
Generally, there are two (2) main methods of achieving the six sigma approach;
1. DMAIC: define, measure, analyze, improve and control.
2. DMADV: define, measure, analyze, design and verify.
Hence, a pre-concert rehearsal is an example of quality control because the participants or team members are made to practice their routines so as to master them and prevent mistakes on the day of the concert. Thus, a pre-concert is aimed at getting the best out of a team in order to deliver a quality performance to the audience.
Automobile manufacturers have enormous cash reserves. In the middle of 2015, Ford Motor Co. had about $31.9 billion in cash, General Motors had about $25 billion, and Toyota had about $43 billion. Why would firms such as these hold such large quantities of cash?
Answer:
Firms like automobile manufacturers hold large quantities of cash for the following reasons:
a. Speculative and Precautionary motives:
Firm hold large cash in order to take advantage of any sudden investment opportunities. These opportunities are like bargain purchase opportunitie, favorable interest rate etc. They also hold cash to take a precaution as a safety net, in case some urgent cash needs arise in terms of sudden expenses.
b. Transaction motives:
Firm hold large cash in order to pay their day-day bills. There is always a delay in cash in cash receivables and payable. It is possible that there is need to pay the suppliers, pay wages and salaries etc earlier than the cash is received from sales.
A company is offering 5,000,000 new shares to the public. The shares are being sold to a syndicate for $12 and are being reoffered to the public at $13. The compensation to the underwriters for each share sold is $0.75. The selling group receives $0.30 a share for each share it sells, and the managing underwriter retains $0.25 in fees for each share sold by anybody. The selling group will assist in selling 1,000,000 out of the 5,000,000 shares offered. If the selling group sells its entire allotment how much does it make in profits
Answer:
The selling group makes $300,000 in profit if it sells its entire allotment.
Explanation:
The amount of profit makes by the selling group can be calculated using the following formula:
Selling group profit = Number of shares expected to be sold by the selling group * Amount to receive per share by the selling group ............... (1)
Where:
Number of shares expected to be sold by the selling group = 1,000,000
Amount to receive per share by the selling group = $0.30
Substituting the relevant values into equation (1), we have:
Selling group profit = 1,000,000 * $0.30 = $300,000
Therefore, the selling group makes $300,000 in profit if it sells its entire allotment.
If the company were to issue an annual zero-coupon bond with a maturity of 2 years and par value of $1,000, what would be the arbitrage-free price of that bond?
Answer:
Note: The complete question is attached as picture below
1a. The one year spot rate can be calculated using the one year zero bond.
PV * (1 + S1) = FV
1 + S1 = 1000 / 900
S1 = 1.1111 - 1
S1 = 0.1111
S1 = 11.11%
1b. PV of the 2 year bond = $950
Annual coupon = 1000 * 5% = $50
950 = 50 / (1 + S1) + (50 + 1000) / (1 + S2)^2
950 = 50 / 1.1111 + 1,050 / (1 + S2)^2
1,050/ (1 + S2)^2 = 950 - 45 = 905
(1 + S2)^2 = 1050 / 905
1 + S2 = 1.160221/2
S2 = 7.714%
1c. Price of the 2 year zero bond = 1,000 / (1 + 0.07714)^2
Price of the 2 year zero bond = 1,000 / 1.1602
Price of the 2 year zero bond = 861.9203586
Price of the 2 year zero bond = $861.92
It is July 16. A company has a portfolio of stocks worth $100 million. The beta of the portfolio is 1.2. The company would like to use the December futures contract on a stock index to change beta of the portfolio to 0.5 during the period July 16 to November 16. The index is currently 2,000, and each contract is on $250 times the index. What position should the company take? long 140 contracts short 140 contracts long 240 contracts short 240 contracts
Answer:short 140 contracts
Explanation: Using the formulae
Number of Contracts (Company's position )=( Desired Beta of the portfolio - beta of the portfolio) x Portfolio of stocks) / ( Future Value )
Future Value = Index futures price x Multiplier
=2000 x 250
=$500,000
Putting the values, we have that
Company position =(0.5 -1.2) x $100 million) / $500,000
Company position=-0.7 x $100 million/500,000
Company position=-$70,000,000/500,000
Number of contracts (Company position)=-140 contract
A negative sign means that the contract is going short.
Therefore,
A total of 140 contracts by the company should be short.
Discuss whether or not skilled workers are always paid more than unskilled workers.
Answer:
Unskilled workers are generally paid less than skilled workers. Demand for skilled workers is high whilst their supply is low. There are two main influences on the demand for workers. One is the amount of output they can produce and the other is the price, for which that output can be sold for.
which type of tax are Social Security tax and Medicare tax considered to be
Income
Inheritance
Excise
Real estate property
The Answer is A. Income
What competition and Five Force Model Analysis?
Answer:
Porter's Five Forces is a framework for analyzing a company's competitive environment. The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability.
When originally purchased, a truck costing BD 23.000 had an estimated useful life of 8 years and an estimated salvage value of BD 3,000. After 4 years of
straight-line depreciation, the ascet's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage valoe. The
depreciation expense in year 3 cquals:
ABD 5,000
O & BD 5.750.
O CBD 2.875.
ODBD 2,500.
Answer:
d. BD 2,500
Explanation:
Accumulated Depreciation through the end of year 4 = [ Asset's cost - Salvage Value) / Estimated Useful Life] * Years Elapsed
= [(23,000 - 3,000)/8] * 4
= BD 10,000
Depreciation in Year 3 = [Asset's cost - Salvage Value - Accumulated Depreciation] / Remaining Estimated Useful Life
Depreciation in Year 3 = [23,000 - 3,000 - 10,000] / 4
Depreciation in Year 3 = 10,000 / 4
Depreciation in Year 3 = BD 2,500
In the Loyalty and Fraud Reporting case, Ethan Lester pressured his friend Vick Jensen to:_________.
Answer:
Explanation:
Misappropriate funds from the company. Cover up Ethan's fraud
When Disney acquired Marvel Comics on August 31, 2009, for $4.24 billion, management needed to determine whether there were opportunities to strengthen the business and leverage cross-business value-chain relationships, which would include all of the following potential opportunities, except Group of answer choices transferring valuable resources and capabilities from one business to another. sharing the use of powerful and well-respected brand names across multiple businesses. retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses. combining related value-chain activities of different businesses to achieve lower costs.
Answer:
retaining cultural independence of the businesses, individual brands and operating differences encouraging knowledge-sharing and collaborative activity among the businesses.
Explanation:
When Disney purchased Marvel they were probably searching for synergy which means that their combined effort is larger than the addition of their individual efforts. Synergy is achieved through sharing resources and allocating them more effectively, not by separating the companies.
What is a representative sample?
A A sample where every source of bias is removed.
B A sample where multiple biases are represented.
C A sample comprised of only politicians.
D A sample that represents most of the population.
The Fourth Amendment protects an individual from ______.
testifying against himself in court
unreasonable searches and seizures
arrest
all searches and seizures
copyright law protects the expression of
Answer:
Copyright protection generally lasts for 70 years and protects the original expression of an idea, whether literary, artistic, commercial or otherwise. It is used to protect original works of authorship that are fixed in a tangible medium of expression.
Explanation:
Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from a joint process. The joint costs incurred are $360,000 for a standard production run that generates 170,000 pints of Smooth Skin and 300,000 pints of Silken Skin. Smooth Skin sells for $3.20 per pint, while Silken Skin sells for $5.20 per pint. (Do not round intermediate calculations. Round final answers to nearest whole dollar amounts.) Required: 1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method
Answer and Explanation:
1. The computation of the joint cost of each production assign to the smooth skin by relative sales values method is shown below:
Smooth skin
= $360,000 × (170,000 × $3.20) ÷ (170,000 × $3.20 + 300,000 × $5.20)
= $360,000 × $544,000 ÷ $2,104,000
= $93,080
And, for silken smooth
= $360,000 × (300,000 × $5.20) ÷ (170,000 × $3.20 + 300,000 × $5.20)
= $360,000 × $1,560,000 ÷ $2,104,000
= $266,920
The following items were reported on the balance sheets and income statement for Centerton Inc., a service company: Operating expenses payable, December 31, 2015 $ 64,000 Operating expenses payable, December 31, 2016 48,000 Operating expenses (income statement) —2016 170,000 What amount would be reported in the operating activities section of the statement of cash flows for payments for operating expenses under the direct method?
Answer:
$186,000
Explanation:
The computation of the amount that should be reported on the operating activities section of the cash flow statement is shown below:
= Opening balance of operating expense payable + operating expense - closing balance of operating expense payable
= $64,000 + $170,000 - $48,000
= $186,000
Eilert Construction Company had a contract starting April 2021, to construct a $42,000,000 building that is expected to be completed in September 2022, at an estimated cost of $38,500,000. At the end of 2021, the costs to date were $17,710,000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $8,400,000 and the cash collected during 2021 was $5,600,000. Eilert uses the percentage of completion method. For the year ended December 31, 2018, Eilert would recognize gross profit on the building of:__________
a. $0.
b. $1,475,833.
c. $1,610,000.
d. $1,890,000.
Answer:
c. $1,610,000
Explanation:
Percentage of completion method is used to estimate the expenditures and revenue of a long term project on the basis of percentage of work that is completed in the period.
Apart from this method GAAP also allows completed contract method that involves full completion of project to recognise revenue.
Therefore revenue will be
Revenue = (contract amount - cost at end of the project completion) * (cost incurred at period of consideration ÷ cost at the end of the project completion)
Revenue = (42,000,000 - 38,500,000) * (17,710,000 ÷ 38,500,000)
Revenue = 3,500,000 * 0.46 = $1,610,000
the branch of chemistry that deals with study of rate reaction is
Answer: Chemical kinetics
Explanation: is the branch of chemistry which deals with the study of rate of a chemical reaction.
Manufacturing and service are often similar in terms of what is done, but different in terms of how it is done. For example, manufacturers must decide what size factory is needed; service organizations must decide what size building is needed. Explain the differences between manufacturing and service for 2 of the following areas:
Customer contact
Uniformity of output
Uniformity of input
Measurement of productivity
Labor content of jobs
Quality assurance
Answer: When considering measurement of productivity, manufacturing firm tends to do more in this scenario. In productivity, manufacturing firm operates around the clock in order to meet their target and the demands of the industry
Explanation:
Measurement of productivity
When considering measurement of productivity, manufacturing firm tends to do more in this scenario. In productivity, manufacturing firm operates around the clock in order to meet their target and the demands of the industry, while in service, productivity is still met but functionality only takes place when it's needed or when they are scheduled, in order to avoid failure or for optimal performance.
Quality assurance
In quality assurance, the manufacturing aspect gives a very great attention to this, although the service firm considers it but the manufacturing has to consider the quality of product, quality of items used as all will play a vital role on what kind of result they want.
