Consider the following scenario and Identify which formal research method would be appropriate.
1. You are preparing a comprehensive report on telecommunication practices in your industry. You need some background information on the history of Internet use in professional environments.
A. Access traditional sources and electronic sources.
B. Conduct primary research for firsthand information.
C. Conduct a scientific experiment. Routine tasks often require informal research methods.
2. Identify which informal research technique would be most appropriate for each situation. After complaining about parking accommodations at your office, you have been asked by your boss to propose a simple solution that will satisfy your coworkers. The best informal information gathering technique for this situation would be to:_______.
A. Talk with your boss.
B. Conduct an informal survey
C. Look in the files.
3. Read the following scenario, and determine which is the best research approach.
While working for an international development agency, you must develop a presentation about primary and secondary education in the Middle East, a topic you are not familiar with. Which is the best research approach?
A. Formal. On the Internet, find statistics gathered by the United Nations showing the dropout rates of students by gender and age. Request that certain reports be sent to you, so you can examine the date yourself.
B. Informal. To get a local perspective on Middle Eastern affous, we nema to a professor there.
C. Informal. To get a local perspective on Middle Easter affairs, conduct a one survey of me who live in the area.

Answers

Answer 1

Answer: 1. A. Access traditional sources and electronic sources.

2. B. Conduct an informal survey

3. A. Formal. On the Internet, find statistics gathered by the United Nations showing the dropout rates of students by gender and age. Request that certain reports be sent to you, so you can examine the date yourself.

Explanation:

1. This is a research into the history of the internet in professional Environments. Considering how long the internet has been around which isn't too long but long enough that first hand information is not readily available, consulting Traditional sources and Electronic sources is the best way to go.

It will have information from the past that you can use to come up with a chronological report on the use of the internet in a professional setting.

2. This is not a serious research and involves your immediate surroundings so an informal method can be used. The best informal method would be an informal survey amongst your co-workers who are also affected by the problem. This survey will help you come up with a solution faster and easier because you are getting first hand information from those directly affected.

3. You are working for an International Development Agency and as such can not afford to present information that is false or void of due procedure in way because it will affect the reputation of the Agency if you do so.

For this reason your sources must be formal sources with definite information and the United Nations is a very good source for that. To go a step further you can request reports and double check the figures yourself to ensure that the information used is of the highest quality and accuracy.


Related Questions

Jasper and Crewella Dahvill were married in year 0. They filed joint tax returns in years 1 and 2. In year 3, their relationship was strained and Jasper insisted on filing a separate tax return. In year 4, the couple divorced. Both Jasper and Crewella filed single tax returns in year 4. In year 5, the IRS audited the couple’s joint year 2 tax return and each spouse’s separate year 3 tax returns. The IRS determined that the year 2 joint return and Crewella’s separate year 3 tax return understated Crewella’s self-employment income, causing the joint return year 2 tax liability to be understated by $12,700 and Crewella’s year 3 separate return tax liability to be understated by $7,350. The IRS also assessed penalties and interest on both of these tax returns. Try as it might, the IRS has not been able to locate Crewella, but they have been able to find Jasper. (Leave no cells blank - be certain to enter "0" wherever required.)
a. What amount of tax can the IRS require Jasper to pay for the Dahvill’s year 2 joint return?
Amount of Tax:__________________
b. What amount of tax can the IRS require Jasper to pay for Crewella’s year 3 separate tax return?
Amount of Tax:__________________

Answers

Answer: a. $12,700

b. $0

Explanation:

a. As Jasper and Crewella Dahvill filed joint tax returns in Year 2, both of them are joint and severally liable for any errors that may arise in the filing. The IRS could not find Crewella but they could find Jasper and as he is liable as well, he will have to pay the full amount that Crewella understated their tax liability by.

b. In year 3, Jasper and Crewella Dahvill had a strained relationship and filed their returns separately. As a result Jasper is not liable for any errors that will arise from Crewella's tax returns filing including the understatement of tax liability.

Marigold Corp. budgeted costs for 70000 linear feet of block are: Fixed manufacturing costs$24000 per month Variable manufacturing costs$16 per linear foot Marigold installed 40000 linear feet of block during March. How much is budgeted total manufacturing costs in March

Answers

Answer:

$664,000

Explanation:

The computation of the total budgeted manufacturing cost is shown below:

Total manufacturing costs = Variable manufacturing cost + Fixed  manufacturing cost

= ($16 × 40,000 units ) + $24,000  

= $664,000

We simply added the variable manufacturing cost and the Fixed  manufacturing cost so that the total budgeted manufacturing cost could come and the same is to be considered

For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model. Select the matching entry for each dropdown box in the following table.
Scenario Number of Firms Type of Product Market Model
1. A large city has lots of small shops
where people can buy sweaters.
Each store's sweaters reflect the
style of that particular store.
Additionally, some stores use higher
-quality yarn than others, which is
reflected in their price.
2. There are dozens of pasta producers
that sell pasta to hundreds of Italian
restaurants nationwide. The restaurant
owners buy from the cheapest pasta
producer they can. While pasta manuf-
acturers must pay licensing fees to their
local government and undergo regular
food-safety inspections, anyone who
has passed inspections can acquire and
maintain their license.
3. Only three airlines fly from San Francisco
to Medford, Oregon. No new airline will enter
this market, because there are not enough
customers to share among four or more
airlines without each one experiencing
substantially higher average costs. Consumers
view all airlines as providing basically the same
service and will shop around for the lowest price.
4. The government has granted a patent to a drug
company for an experimental AIDS drug. That
company is the only firm permitted to sell the drug.

Answers

Answer and Explanation:

The Perfect competition is a market condition in which there are very large number of buyers and sellers that sell the same or identical products having perfect knowledge with respect to products and services. Moreover, there is free entry and exit in this market

Monopolistic competition is a market condition that deals with many firms that are closely related to each other but sell differentiated products. Moreover, there is free entry and exit in this market

In the monopoly market, there is only one seller who controls the overall market. Due to this, the seller charged the high price as there is no competition. There is no free entry and exit in this market

In the oligopoly market, there are few sellers who deal in a single market. There is no free entry and exit in this market

Based on the above explanation, the categorization is shown below:

Scenario        Number of Firms      Type of                             Model

                                                         Product Market

1.                     Many                           Differentiated product  Monopolistic

2.                    Many                           Standardised products Perfect

                                                                                                  Competition

3.                   Few                              Differentiated products Oligopoly

4.                   One                              Unique                            Monopoly

The scenarios and their various market characteristics are as follows:

Scenario      Number of firms        Type of Product            Market Model

     1                   Many                       Differentiated                 Monopolistic

     2                  Many                      Standardized             Perfect competition

     3                   Few                         Standardized                   Oligopoly

     4                   Single                       Unique                           Monopoly

Scenario 1 is a monopolistically competitive market where there are several firms who sell similar but differentiated products to gain market share.

Scenario 2 is a perfectly competitive market that has many firms. These firms all sell the same goods which means that they are standardized.

Scenario 3 is an oligopoly as it has very few players in the market and these players control the market and offer the same product.

Scenario 4 is a monopoly that has one firm in the market thanks to the government patent. The product is therefore unique because it is made by one firm.

In conclusion, there are several market types available.

Find out more at https://brainly.com/question/24288109.

Flynn Industries has three activity cost pools and two products. It estimates production 3,000 units of Product BC113 and 1,500 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the following data relative to those activity cost pools and cost drivers.

Annual Overhead Data Estimated Use of Cost Drivers per Product
Activity Cost Pools Cost Drivers Estimated Overhead Estimated Use of Cost Drivers per Activity Product BC113 Product AD908
Machine setup Setups $16,000 40 25 15
Machining Machine hours 110,000 5,000 1,000 4,000
Packing Orders 30,000 500 150 350

Required:
Prepare a schedule showing the computations Of the activity-based Overhead rates per cost driver.

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Machine setup Setups $16,000 40 25 15

Machining Machine hours $110,000 5,000 1,000 4,000

Packing Orders $30,000 500 150 350

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setup= 16,000/(40+25+15)= $200 per setup

Machining= 110,000/ (5,000 + 1,000 + 4,000= $11 per machine hour

Packing= 30,000/ (500 + 150 + 350)= $30 per order

Lansing, Inc., provided the following data for its two producing departments: Molding Polishing Total Estimated overhead $400,000 $80,000 $480,000 Direct labor hours (expected and actual): Form A 1,000 5,000 6,000 Form B 4,000 15,000 19,000 Total 5,000 20,000 25,000 Machine hours: Form A 3,500 3,000 6,500 Form B 1,500 2,000 3,500 Total 5,000 5,000 10,000 Machine hours are used to assign the overhead of the Molding Department, and direct labor hours are used to assign the overhead of the Polishing Department. There are 30,000 units of Form A produced and sold and 50,000 of Form B. Required:
1. Calculate the overhead rates for each department.
2. Using departmental rates, assign overhead to the two products and calculate the overhead cost per unit. How does this compare with the plantwide rate unit cost, using direct labor hours?
3. What if the machine hours in Molding were 1,200 for Form A and 3,800 for Form B and the direct labor hours used in Polishing were 5,000 and 15,000, respectively? Calculate the overhead cost per unit for each product using departmental rates, and compare with the plantwide rate unit costs calculated in Requirement 2. What can you conclude from this outcome?

Answers

Answer:

1. Form A$80 per machine hour

Form B $4 per direct labor hour

2.Form A from $3.84 to $10.00

Form B from $7.30 to $3.60

3. Form A Unit overhead cost $ 3.87

Form B Unit overhead cost $ 7.28

Explanation:

Lansing, Inc

1. Overhead rates for each department will be;

Molding

$400,000/5,000

= $80 per machine hour

Polishing

$80,000/20,000

= $4 per direct labor hour

2. The overhead assignment:

Form A

($80 ×3,500) + ($4 ×5,000)

$280,000+$20,000

=$300,000

Form B

($80 ×1,500) + ($4 ×15,000)

$120,000+$20,000

=$180,000

Total applied overhead $300,000 and $180,000

Units of production Form A :

300,000÷30,000

=Unit overhead cost $10.00

Units of production Form B

180,000÷50,000

= Unit overhead cost $3.60

Plantwide rate Will be :

$480,000/25,000

= $19.20 per direct labor hour

Form A overhead cost in units will be:

$19.20 ×6,000/30,000

$19.20×0.2

$3.84

Form B overhead cost in unit will be :

$19.20 ×19,000/50,000

$19.20×0.38

$7.296 approximately $7.30

The plantwide rate for Form A

$3.84 to $10.00

The plantwide rate for Form B

$7.30 to $3.60

3. Overhead assignment:

Form A

($80 ×1,200) + ($4 ×5,000)

=$96,000+$20,000

=$116,000

Form B

($80 ×3,800) + ($4 ×15,000)

=$304,000 +$60,000

=$364,000

Total applied overhead

Form A $116,000

Form B $364,000

Units of production

Form A

$116,000 ÷ 30,000

=Unit overhead cost $ 3.87

Form B

$364,000÷ 50,000

Unit overhead cost $ 7.28

When compared to the plantwide unit overhead costs the cost will be $0.03 more higher for Form A and $0.02 less for Form B.

Which means that departmental rates may not cause a change in the assignments because It will depends on the complexity of each product and the way in which the resource demands are been made in each of the department.

A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,073.00, and currently sell at a price of $1,135.93. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places.

Answers

Answer:

YTM = 6.51%

YTC = 6.40%

Explanation:

We need to solve using excel goal seek or bond formulas to generate the yield (interest rate) which matches the future couponb and maturity payment with the current selling price of the bond:

Present value of the coupon

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 40.000 (1,000 x 8% / 2 payment per year)

time 28 (14 years x 2 payment per year)

rate 0.032529972 (generate using goal seek tool)

[tex]40 \times \frac{1-(1+0.0325299719911398)^{-28} }{0.0325299719911398} = PV\\[/tex]

PV $727.8688

Pv of the maturity (lump sum)

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity   1,000.00

time   28.00

rate  0.032529972

[tex]\frac{1000}{(1 + 0.0325299719911398)^{28} } = PV[/tex]  

PV   408.06

PV c $727.8688

PV m  $408.0612

Total $1,135.9300

As this is a semiannual rate we multiply it by 2

0.032529972 x 2 = 0.065059944 = 6.51%

We repeat the procedure with changing the time and end-value to adjust for the callabe conditions:

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 40.000

time 14 (7 years x 2 payment per year)

rate 0.032015131

[tex]40 \times \frac{1-(1+0.0320151313225188)^{-14} }{0.0320151313225188} = PV\\[/tex]

PV $445.6984

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity   1,073.00 (call price)

time   14.00

rate  0.032015131

[tex]\frac{1073}{(1 + 0.0320151313225188)^{14} } = PV[/tex]  

PV   690.23

PV c $445.6984

PV m  $690.2316

Total $1,135.9300

Againg his will be a semiannual rate so we multiply by two:

0.032015131 x 2 = 0.064030263 = 6.40%

Cinnamon Buns Co. (CBC) started 2018 with $52,600 of merchandise on hand. During 2018, $297,000 in merchandise was purchased on account with credit terms of 3/10 n/30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $9,400. Merchandise with an invoice amount of $2,100 was returned for credit. Cost of goods sold for the year was $309,000. CBC uses a perpetual inventory system. Assuming CBC uses the gross method to record purchases, ending inventory would be:

Answers

Answer:

$39,053

Explanation:

The computation of the ending inventory is shown below:

Beginning inventory $52,600  

Add: Inventory purchased $297,000

Add: Freight in $9,400

Less: Merchandise returned -$2,100

Less: Discounts -$8,847 ($297,000 - $2,100) × 3%

Less: Cost of goods sold -$309,000

Ending inventory $39,053

Hence, the ending inventory using the gross method is $39,053

A store sells 20 ice cream bars per hour for $4 each, but on discount days, it sells 35 ice cream bars per hour for $3. Based on these two data points, what would be the slope for the relationship between the price and the quantity of ice cream sold?

Answers

Answer:

The slope for the relationship between the price and the quantity of ice cream sold would be of -1/15

Explanation:

In order to calculate the slope for the relationship between the price and the quantity of ice cream sold we would have to calculate the following formula:

Slope= change in yaxis( vertical)/change in xaxis(horizontal)

Slope= change in price/change in quantity demand

Slope=P2-P1/Q2-Q1

Slope=3-4/35-20

Slope=-1/15

The slope for the relationship between the price and the quantity of ice cream sold would be of -1/15

Your boss stops by to see how the research is progressing. She's concerned about your research plan. "I don't think we are ready to run causal research on the effects of advertising. I think we should re-evaluate the descriptive research options." Which option should you choose now?Select an option from the choices below and click Submit.1- Research the attitudes that men under 35 have towards eSports.2- Research the attitudes that U.S. women and consumers over 35 have towards the eSports industry.

Answers

Answer: Research the attitudes that U.S. women and consumers over 35 have towards the eSports industry.

Explanation:

From the question, the boss is concerned about the research plan and says that he does not believe that we are ready to run causal research on the effects of advertising and further said we should re-evaluate the descriptive research options.

Based on the scenario above, I'll choose to research the attitudes that U.S. women and consumers over 35 have towards the eSports industry. By choosing this option, I'll have a large sample size to carry out the descriptive research.

It should also be noted that the descriptive method consist of qualitative natural survey and also the cross sectional research. By researching the attitude of women and consumers, this will give us the opportunity to utilize the cross sectional research. Therefore, the second option is the correct answer.

ak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Balance on 3/1 Job 33 $ 7,500 Job 34 6,000 $ 13,500 Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,500 $ 6,500 Completed and sold Job 34 6,000 7,800 Completed, but not sold Job 35 4,200 3,250 In process Indirect 1,300 2,140 $ 15,000 $ 19,690 The company applies overhead to products at a rate of 150 percent of direct labor cost. Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end.

Answers

Answer:

Job 33  $ 27250

Job 34   $ 31500

Job 35    $ 12325

Cost of Goods Sold Job 33 $ 27250

Finished Goods Inventory Job 34 $ 31500

Work in Process Inventory Job 35 $ 12325

Explanation:

Work in Process Balance on 3/1

Job 33 $ 7,500

Job 34 6,000              

Total $ 13,500

Job 33

Direct Materials    $3500

Direct Labor        6500

Overheads (150%)  9750

Add Opening WIP  7500

Total Cost    $ 27250

We add the Direct Material Direct Labor and Mfg overheads with the opening balance of WIP to get the  total cost of given jobs.

Job 34

Direct Materials    $6000

Direct Labor        7800

Overheads (150%)  11700

Add Opening WIP  6000

Total Cost    $ 31500

Job 35

Direct Materials    $4200

Direct Labor        3250

Overheads (150%)    4875

Add Opening WIP  ------

Total Cost    $ 12325

Cost of Goods Sold Job 33 (given) $ 27250

Finished Goods Inventory Job 34 (given) $ 31500

Work in Process Inventory Job 35 (given)$ 12325

It is given in the question that Job 34 is transferred to Finished Goods , Job 35 is still in process and Job 33 is cost of goods sold.

g Lydia, a citizen of Italy, produces scarves and purses that she sells to department stores in the United States. Other things the same, these sales a. increase U.S. net exports and have no effect on Italian net exports. b. decrease U.S. net exports and have no effect on Italian net exports. c. increase U.S. net exports and decrease Italian net exports. d. decrease U.S. net exports and increase Italian net exports.

Answers

Answer:

d. decrease U.S. net exports and increase Italian net exports.

Explanation:

As it is given that

Lydia, who is a citizen of Italy produced scarves and purses in order to sell to the department stores in the united states keeping other things constant. So the sales would reflect an increased in the net exports of Italian as she is a producer and sell its products to the united states and at the same time it decreased or decline the net exports of united states

The net exports is

= Exports - imports

Hence, the correct option is d.

Which of the following statements is correct?a. The cost of new equity (re) could possibly be lower than the cost of retained earnings (rs) if the market risk premium, risk-free rate, and the company's beta all decline by a sufficiently large amount.b. The component cost of preferred stock is expressed as rp(1 - T), because preferred stock dividends are treated as fixed charges, similar to the treatment of interest on debt.c. Its cost of retained earnings is the rate of return shareholders require on a firm's common stock.d. We should use historical measures of the component costs from prior financing when estimating a company's WACC for capital budgeting purposes.

Answers

Answer:

c. Its cost of retained earnings is the rate of return shareholders require on a firm's common stock.

Explanation:

The formula to compute the cost of retained earning is as follows

Cost of retained earning = (Expected annual dividend ÷ Price of the stock) + growth rate

It is the rate of return that equates with the cost of equity plus it also earns on the investment done in the company i.e equity

In a mathematical expression,

Cost of retained earnings = Cost of equity

hence, the correct option is c.

"Addison Corp. is considering the purchase of a new piece of equipment. The equipment will have an initial cost of $522,000, a 3 year life, and no salvage value. If the accounting rate of return for the project is 6%, what is the annual increase in net cash flow

Answers

Answer:

$31,320.00

Explanation:

The formula for accounting rate of return is the annual net cash flow divided by the initial investment.

If the initial investment was $522,000 and the accounting rate of return is computed to be 6% per year, hence the annual increase in cash flow accruing from the investment can be calculated by changing the subject of the formula.

ARR=annual increase in cash flow/initial investment

ARR is 6%

initial investment is $522,000

annual increase in cash flow?

6%=annual increase in cash flow/$522,000

annual increase in cash flow=6%*$522,000= $31,320.00  

Kerbow Corporation uses part B76 in one of its products. The company's Accounting Department reports the following costs of producing the 12,000 units of the part that are needed every year. An outside supplier has offered to make the part and sell it to the company for $27.40 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside supplier's offer were accepted, only $6,000 of these allocated general overhead costs would be avoided. In addition, the space used to produce part B76 could be used to make more of one of the company's other products, generating an additional segment margin of $29,000 per year for that product.A. Prepare a report that shows the effect on the company's total net operating income of buying part B76 from the supplier rather than continuing to make it inside the company.B. Identify which alternative the company should choose and explain why.C. Determine what errors managers may make when considering make or buy decisions and basing the decision solely on the data?

Answers

Answer:

12,000 units

outside supplier offers at $27.40 each = $328,800

current relevant costs:

direct materials $7.20 x 12,000 = $86,400direct labor $7.10 x 12,000 = $85,200variable overhead $3.50 x 12,000 = $42,000 supervisor's salary $4.70 x 12,000 = $56,400total = $270,000

only $6,000 of allocated fixed costs can be avoided

additional revenue from using the freed space $29,000

A. Prepare a report that shows the effect on the company's total net operating income of buying part B76 from the supplier rather than continuing to make it inside the company.

                                         Keep              Buy                   Differential

                                        producing       from vendor     amount

production cost               $270,000                       $0     $270,000

purchase cost                              $0          $328,800     ($328,800)

avoidable costs                           $0             ($6,000)          $6,000

additional revenue                      $0           ($29,000)       $29,000

total                                  $270,000          $293,800      ($23,800)

B. Identify which alternative the company should choose and explain why.

The company should keep producing the part because production costs are lower than buying it from an outside vendor.

C. Determine what errors managers may make when considering make or buy decisions and basing the decision solely on the data?

If we had made this decision based on total production costs, then management would have erroneously chosen to purchase the part from an outside vendor. Total production costs are $28.30 per unit, but almost $5.80 per unit are not avoidable (mostly fixed and general overhead), so the company will incur them no matter what. You have to compare only relevant costs or revenues.

Problem 11-1A Short-term notes payable transactions and entries LO P1 [The following information applies to the questions displayed below.] Tyrell Co. entered into the following transactions involving short-term liabilities in 2016 and 2017. 2016 Apr. 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30. Tyrell uses the perpetual inventory system. May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $2,500 in cash. July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 10% interest-bearing note with a face value of $54,000. __

Answers

Missing information:

__?__ Paid the amount due on the note to Locust at the maturity date.

__?__     Paid the amount due on the note to NBR Bank at the maturity date.

Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 6% interest-bearing note with a face value of $24,000.

Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

2017

__?__  Paid the amount due on the note to Fargo Bank at the maturity date.

Required: prepare journal entries

Answer:

2016 Apr. 20 Purchased $37,500 of merchandise on credit from Locust, terms n/30.

April 20, 2016, merchandise purchased on account

Dr Merchandise inventory 37,500

    Cr Accounts payable 37,500

May 19 Replaced the April 20 account payable to Locust with a 90-day, $35,000 note bearing 8% annual interest along with paying $2,500 in cash.

May 19, 2016, replaced account payable with note payable

Dr Accounts payable 37,500

    Cr Cash 2,500

    Cr Notes payable 35,000

July 8 Borrowed $54,000 cash from NBR Bank by signing a 120-day, 10% interest-bearing note with a face value of $54,000.

July 8, 2016, borrowed $54,000 from bank

Dr Cash 54,000

    Cr Notes payable 54,000

__?__ Paid the amount due on the note to Locust at the maturity date.

August 17, 2016, paid note payable to Locust

Dr Note payable 35,000

Dr Interest expense 690.41 ($35,000 x 8% x 90/365)

    Cr Cash 35,690.41

__?__     Paid the amount due on the note to NBR Bank at the maturity date.

November 5, 2016, paid bank's debt.

Dr Notes payable 54,000

Dr Interest expense 1,775.34 ($54,000 x 10% x 1220/365)

    Cr Cash 55,775.34

Nov. 28 Borrowed $24,000 cash from Fargo Bank by signing a 60-day, 6% interest-bearing note with a face value of $24,000.

November 28, 2016, borrowed $24,000 from bank

Dr Cash 24,000

    Cr Notes payable 24,000

Dec. 31 Recorded an adjusting entry for accrued interest on the note to Fargo Bank.

December 31, 2016, accrued interests on bank debt

Dr interest expense 130.19 (= $24,000 x 6% x 33/365)

    Cr Interest payable 130.19

2017

__?__  Paid the amount due on the note to Fargo Bank at the maturity date.

January 27, 2017,  paid bank's debt.

Dr Note payable 24,000

Dr Interest payable 130.19

Dr Interest expense 106.52 (= $24,000 x 6% x 27/365)

    Cr Cash 24,236.71

Scora, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $50 per unit. Budgeted sales for the next three months follow. January February March Sales in units 1,000 2,600 1,200 Prepare a sales budget for the months of January, February, and March.

Answers

Answer:

Sale budget January= $50,000

Sales budget February= $130,000

Sales budget March= $60,000

Explanation:

Giving the following information:

It sells a single product for $50 per unit. Budgeted sales for the next three months follow. January February March Sales in units 1,000 2,600 1,200

The sales budget is a simple multiplication between the selling price per unit and the number of units sold.

Sale budget January= 1,000*50= $50,000

Sales budget February= 2,600*50= $130,000

Sales budget March= 1,200*50= $60,000

Trademark dilution laws: Select one: a. protect "distinctive" or "famous" marks from unauthorized uses even when confusion is not likely to occur. b. are intended at protecting consumers rather than focusing on protecting the investment of trademark owners. c. permit a company to quickly penetrate a foreign market without incurring the substantial financial and legal risks associated with direct investment. d. require the licensee to transfer any inventions it derives from the licensed technology to the licensor.

Answers

Answer:

a. protect "distinctive" or "famous" marks from unauthorized uses even when confusion is not likely to occur.

Explanation:

Trademark dilution laws are rules and regulations that seek to protect the trademarks of well known brands from unauthorized use by other brands, in such a way that the distinctive attribute of the trademark is minimized. Trademark dilution laws are meant to ensure that the main purpose for which a product's trademark is known is meant to stand out significantly in the mind of consumers.

Smaller companies might want to copy the trademark of famous brands for their products which might be different. These laws seek to prevent this act even if it may not cause confusion in the minds of consumers as to which brand owns a product.

As a manager your organization is constantly confronted with a variety of changes in the market or a wide range of situations. You have to recruit and select a manager for a group of employees responsible for several related products. You have just read about Fiedler’s Contingency model and decided to use the LPC score to aid you in selecting a leader for the management group. You have interviewed four candidates for the job (Erin, Josh, Michael, Tabitha) and the scores for each of the candidates were Erin=high LPC, Josh=moderately high LPC, Michael=middle LPC, Tabitha=low LPC. Which of the candidates would you hire?A. ErinB. JoshC. MichaelD. TabithaE. None of these.

Answers

Answer:

C. Michael

Explanation:

The least preferred coworker scale is a method used to determine the leadership style of individuals. It was developed by Fred Fiedler and American scholar.

When a person gives positive feedback on coworkers they are more relationship oriented and get a high LPC score.

For those that give negative feedback on coworkers, they are task oriented and will get low LPC scores.

Relationship oriented style is used when employees are experienced and know what to do, while task oriented leadership is needed when the team is less experienced or results need to be delivered in a short time.

The organization is constantly confronted with a variety of changes in the market or a wide range of situations. So this requires a mix of both relationship and task oriented leadership to adapt to changing organisational needs.

Michael is the best option with middle LPC score.

Hoosier Corporation declared a 2-for-1 stock split to all shareholders of record on March 25 of this year. Hoosier reported current E&P of $600,000 and accumulated E&P of $3,000,000. The total fair market value of the stock distributed was $1,500,000. Barbara Bloomington owned 1,000 shares of Hoosier stock with a tax basis of $100 per share.a) What amount of taxable dividend income, if any, does Barbara recognize this year? Assume the fair market value of the stock was $150 per share on March 25 of this year.b) What is Barbara's income tax basis in the new and existing stock she owns in Hoosier Corporation, assuming the distribution is tax-free?c) How does the stock dividend affect Hoosier's accumulated E&P at the beginning of next year?

Answers

Answer:

(a) The stock dividend is not taxable because it affects all shareholders pro rata

(b) Babara will transfer half of the old stock base to the new stock and make her new and old stock tax base $50

(c) Hoosier does not change his E&P for the stock dividend since the shareholders are not taxable.

Explanation:

Suppose your employer offers you a choice between a $ 4 comma 600 bonus and 200 shares of the company stock. Whichever one you choose will be awarded today. The stock is currently trading for $ 64 per share. Ignore transaction costs. a. Suppose that if you receive the stock​ bonus, you are free to trade it. Which form of the bonus should you​ choose? What is its​ value? b. Suppose that if you receive the stock​ bonus, you are required to hold it for at least one year. What can you say about the value of the stock bonus​ now? What will your decision depend​ on?

Answers

Answer:

a. Suppose that if you receive the stock​ bonus, you are free to trade it. Which form of the bonus should you​ choose? What is its​ value?

I would choose the stock bonus because the current market price = 200 x $64 = $12,800 which is much higher than $4,600 (cash bonus)

b. Suppose that if you receive the stock​ bonus, you are required to hold it for at least one year. What can you say about the value of the stock bonus​ now? What will your decision depend​ on?

Even if you are required to hold the stock for one year, the price difference with the cash bonus is too great = ($12,800 - $4,600) / $4,600 = 178% higher. Since you are employed by the company, you should know if the company is doing well or not, and the probable future stock price.

Only if something catastrophic happened to the company would make the cash bonus more attractive.

A firm has fixed assets of $28,000, long-term debt of $12,000, current liabilities of $4,000, current assets of $5,000 and equity of $17,000. What is the total of the assets side of the balance sheet of the firm

Answers

Answer:

$33,000

Explanation:

assets = liabilities + stockholders' equity

assets include current assets + non current or fixed assets = $5,000 + $28,000 = $33,000

liabilities and stockholders' equity include current liabilities + long term liabilities + equity = $4,000 + $12,000 + $17,000 = $33,000

both sides of the accounting equation must always be equal, that is meant by balance.

Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $254,800, and the sales mix is 40% bats and 60% gloves. The unit selling price and the unit variable cost for each product are as follows: Products Unit Selling Price Unit Variable Cost Bats $40 $30 Gloves 100 60 a. Compute the break-even sales (units) for the overall enterprise product, E. units b. How many units of each product, baseball bats and baseball gloves, would be sold at the break-even point

Answers

Answer:

a)Break-even sales in units= 9,100 units

b)The number of units of each products:

Bat= 3,640 units

Gloves= 5,460 units

Explanation:

The break-even sales in unit = total general fixed cost/Average contribution per unit

Average contribution per unit = (40%× (40-30) )+ (60%×(100-60) )=28

Break-even Sales = $254,800/$28=9100  units

Break-even sales in units= 9,100 units

The number of units of each products:

Bat = 40%×9100 =3,640  units

Gloves = 60%× 9,100 =5,460  units

Bat= 3,640 units

Gloves= 5,460 units

=

Way Cool produces two different models of air conditioners. The company produces the mechanical systems in their components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow.Process Activity Overhead Cost Driver Quantity Components Changeover $ 500,000 Number of batches 800 Machining 279,000 Machine hours 6,000 Setups 225,000 Number of setups 120 $ 1,004,000 Finishing Welding $ 180,300 Welding hours 3,000 Inspecting 210,000 Number of inspections 700 Rework 75,000 Rework orders 300 $ 465,300 Support Purchasing $ 135,000 Purchase orders 450 Providing space 32,000 Number of units 5,000 Providing utilities 65,000 Number of units 5,000 $ 232,000 Additional production information concerning its two product lines follows.Model 145 Model 212 Units produced 1,500 3,500 Welding hours 800 2,200 Batches 400 400 Number of inspections 400 300 Machine hours 1,800 4,200 Setups 60 60 Rework orders 160 140 Purchase orders 300 150 1. Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimals places.)2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and $180 for Model 212. (Round your final answers to 2 decimals places.)3. Assume if the market price for Model 145 is $820 and the market price for Model 212 is $480, determine the profit or loss per unit for each model. (Round your final answers to 2 decimals places.)

Answers

Answer:

1. Overhead cost per unit for Model 145 is $515.59, and overhead cost per unit for Model 212 is $265.12.

2.Total cost per unit for Model 145 is $765.59, and total cost per unit for Model 212 is $445.12.

3. Profit per unit for Model 145 is $54.41, while profit per unit for Model 212 is $34.88.

Explanation:

1. Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimals places.)

Note: See the attached excel file for the computation.

2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and $180 for Model 212. (Round your final answers to 2 decimals places.)

Total cost per unit for each model = Overhead cost per unit + direct labor and direct materials costs per unit.

Therefore, we have:

Total cost per unit for Model 145 =  $515.59 + $250 = $765.59

Total cost per unit for Model 212 = $265.12 + $180 = $445.12

3. Assume if the market price for Model 145 is $820 and the market price for Model 212 is $480, determine the profit or loss per unit for each model. (Round your final answers to 2 decimals places.)

Profit or loss per unit for each model = Market price per unit - Total cost per unit.

Therefore, we have:

Profit or loss per unit for Model 145 = $820 - $765.59 = $54.41 profit

Profit or loss per unit for Model 212 = $480 - 445.12 = $34.88 profit

Sterile Feral, Inc. is a nonprofit organization that catches wild or stray cats, and then neuters, vaccinates, and releases them back into the wild. In recent years, nonprofit organizations such as Sterile Feral have turned to marketing to help:__________.
a. receive additional government funding.
b. expand its business to stray dogs.
c. maintain its nonprofit status.
d. achieve organizational goals.
e. compete with other similar organizations.

Answers

Answer:

d. achieve organizational goals.

Explanation:

Sterile Feral, Inc. being a non-profit organization that catches wild or stray cats, and then neuters, vaccinates, and releases them back into the wild.

If Sterile Feral Inc. then turns to marketing, this simply means that they're more interested in achieving organizational goals of saving endangered cats.

Also, as a non-profit organization, Sterile Feral Inc. isn't operating solely to make money or profits, it is rather literally trying to impact positively the cat world.

A company purchased 10 units for $5 on January 3. It purchased 10 units for $7 each on February 28. It sold 10 units on March 1. If the company uses the last in, first out (LIFO) inventory costing method, what is the dollar amount for ending inventory on the December 31 balance sheet, assuming that the company uses a perpetual inventory system

Answers

Answer:

The dollar amount for ending inventory using the last-in-first-out method of inventory valuation is $50

Explanation:

Using LIFO,last-in-first-out  method of inventory valuation,items received last into the store are deemed to be sold first, hence the sales of 10 units on March 1 was the inventory purchased on February 28, leaving the items of inventory purchased on January 3 as closing inventory

value of closing inventory using LIFO=10*$5=$50

Playful Pens, Inc., makes a single model of a pen. The cartridge for the pen (which contains the ink) is manufactured on one machine. The cartridge holder (which you hold when you use the pen)is manufactured on another machine. Monthly capacities and production levels are as follows:
Machine 1 (Cartridge) Machine 2 (Holders)
Monthly capacity 1,000,000 800,000
Monthly production 800,000 800,000
The company could sell 1,000,000 pens per month. The units (cartridge inside of holder) sell for $10.40 each and have a variable cost of $4.10 each. Fixed costs are $4,200,000 per month.
Required:
a. Is there a bottleneck at Playful Pens on Machine 1 or Machine 2?
A. Machine 1
B. Machine 2
b. Playful Pens's production supervisors state they could increase machine 2's capacity by 200,000 per month by producing holders on the weekend. Producing on the weekend would not affect the sales price. Variable cost per unit would increase by $1.10 for those produced on the weekend because of the premium paid to labor. Fixed costs would also increase by $820,000 per month.
b-1. Calculate the differential operating profit (loss). (Losses and amounts to be deducted should be indicated with a minus sign.)
Differential Revenues
Differntial costs:
Variable
Fixed
b-2. Should Playful Pens produce holders on the weekend?
Yes
No
c. Independent of the situation in requirement (b), Playful Pens could expand the capability of machine 2 by adding additional workers to perform ongoing maintenance. This would increase its capacity by 100,000 holders per month. This would not affect sales price or fixed costs, but would increase variable cost to $4.62 per unit for all units produced.
c-1. Calculate the differential operating profit (loss). (Losses and amounts to be deducted should be indicated with a minus sign.)
Differential revenues
Differential costs:
Variable cost increase on current production:
Variable cost on new production:
c-2. Should Playful Pens expand Machine 2's capability by adding these additional workers?
Yes
No

Answers

Answer:

a) B. Machine 2

b) $220,000

b-2) Yes , positive differential profit.

c-1) $162,000

c-2) Yes , positive differential profit.

Explanation:

B) Differential revenues  = $10.40 x 200,000 = $2,080,000

Differential costs:

Variable cost on new production = $5.20 x 200,000 = $1,040,000

Fixed costs = $820,000

differential profit = $2,080,000 - $1,040,000 - $820,000 = $220,000

c) Differential revenues  = $10.40 x 100,000 = $1,040,000

Differential costs:

Variable cost increase on current production = ($4.62 - $4.10) x 800,000 = $416,000

Variable cost on new production = $4.62 x 100,000 = $462,000

differential profit = $1,040,000 - $878,000 = $162,000

Break-Even Sales Currently, the unit selling price of a product is $370, the unit variable cost is $300, and the total fixed costs are $1,001,000. A proposal is being evaluated to increase the unit selling price to $410. a. Compute the current break-even sales (units). units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant. units

Answers

Answer:

a. 14,300 units

b. 9,100 units

Explanation:

a. For computation of current break-even sales (units) first we will find out the contribution margin per unit which is shown below:-

Contribution margin per unit = Selling price per unit - Variable cost

= $370 - $300

= $70

Current break-even sales (units) = Fixed cost ÷ Contribution margin per unit

= $1,001,000 ÷ $70

= 14,300 units

b. For computation of anticipated break-even sales (units) first we will find out the contribution margin per unit which is shown below:-

Contribution margin per unit = Selling price per unit - Variable cost

= $410 - $300

= $110

Anticipated break-even sales (units) = Fixed cost ÷ Contribution margin per unit

= $1,001,000 ÷ $110

= 9,100 units

So, we have applied the above formula.

"Isidore Crocker, CEO of Gotham Engines, is strongly in favor of acquiring Carolina Textiles, a firm in an unrelated industry. Some members of the board of directors are questioning Crocker's motives for the acquisition. They argue that it is not uncommon for CEOs to push for acquisitions because: Group of answer choices"

Answers

Answer:

higher CEO pay is related to larger organization size

Explanation:

Since in the given situation, Isidore Crocker, who is the CEO of Gotham Engines want to acquire the Carolina Textiles who deal in an unrelated industry. But the board of directors questioning that what is the motive for this. At the same time it is also not uncommon for CEO as the larger part of the company profit is paid to CEO that is related to the size of the organization

In other words, the higher the CEO salary, the larger is the size of the organization

An inexperienced accountant for Grouper Corp. showed the following in the income statement: income before income taxes $448,000 and unrealized gain on available-for-sale securities (before taxes) $89,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 29% tax rate. Prepare a correct statement of comprehensive income.
MONTY CORP.Partial Statement of Comprehensive IncomeSelect a comprehensive income itemDividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Holding Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive Income$Enter a dollar amountSelect a comprehensive income itemDividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Holding Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive IncomeEnter a dollar amount
Select a summarizing line for the first partDividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Holding Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive IncomeEnter a total of the two previous amountsSelect an opening section nameDividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Holding Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive IncomeSelect a comprehensive income itemDividends Expenses Net Income / (Loss) Retained Earnings Revenue Total Expenses Total Revenues Income Tax Expense Other Comprehensive Income Unrealized Holding Gain on Available-for-Sale Securities Income Before Income Taxes Comprehensive Income Enter a dollar amountSelect a closing name for this statementDividendsExpensesNet Income / (Loss)Retained EarningsRevenueTotal ExpensesTotal RevenuesIncome Tax ExpenseOther Comprehensive IncomeUnrealized Holding Gain on Available-for-Sale SecuritiesIncome Before Income TaxesComprehensive Income$Enter a total amount for this statement

Answers

Answer: The answer is provided below

Explanation:

The explanation has been attached.

It should be noted that:

Income tax expense = $448,000 × 29%

= $448,000 × 29/100

= $448,000 × 0.29

= $129,920

Other comprehensive income will be the unrealized holding gain on the security which will be:

= $89,000 × (100% - 29%)

= $89,000 × 71%

= $89,000 × 0.71

= $63,190

Further explanation has been attached.

XtraTorque Inc. is a leading engine oil manufacturer in the United States. The company manufactures oil that can withstand a broader range of temperature than any other engine oil brands available in the market. The company plans to expand its business into the Russian market because its product can maintain fluidity even at low temperatures. Which of the following organizational strategies should XtraTorque Inc. adopt?
A) Diversification strategy
B) Market differentiation strategy
C) Market development strategy
D) Market penetration strategy

Answers

Answer:

C) Market development strategy

Explanation:

Market development strategy defines that it is a marketing technique in which an company tries to promote an existing product to a new customer segment.

According to the given situation the company who is the head producer of engine oil in the U.S. Here the company produces oil which can resist a wider temperature range other than any brands of engine oil which is available in the marketplace. Now, the company wants to extend their business into the new market place that is Russian market, as its product can maintain fluidity even at low temperature so this indicates that the company adopting the market development strategy.

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