Answer:
Preferred stockholder
Explanation:
Shareholders are investors that buy company shares in order to gain ownership in the company.
The company gives shareholders dividends on their shares owned out of profit.
Preferred stockholders are paid before other stockholders are settled.
However they do not have voting and controlling rights.
In the scenario above Michael is a preferred stockholder.
Prompt
What is matrix organization?
<< Read Less
Answer:
An organization with more than 1 leader is a matrix organization
Explanation:
A matrix organization can be defined as an organization that has more than one form of management. In this organization structure, there is more than 1 leader or supervisor. The individuals here work across various projects. Organizations that have different product lines and also services use this kind of structure. It gives the organization more flexibility.
A copy machine is available 24 hours a day. On a typical day, the machine produces 169 jobs. Each job takes about 5 minutes on the machine, 3 minutes of which is processing time and 2 minutes is setup time (logging in, defining the job). About 10% of the jobs need to be reworked, in which case the set-up time and the processing time must be repeated. The other time, the equipment is idle. What is the OEE of the equipment
Answer:
OEE=35.20%
Explanation:
Calculation for the OEE of the equipment
Using this formula
OEE = Value add time / Total time available
Let plug in the formula
OEE= (169 x 3) / (24 hours a dayx 60 minutes)
OEE= 507 / 1,440
OEE= 0.3520*100
OEE=35.20%
Therefore the OEE of the equipment will be 35.20%
A farmer grows wheat and sells it to a miller for $200; the miller turns the wheat into flour and sells it to a baker for $500; the baker uses the flour to make bread and sells the bread for $900. The total GDP for this economy is:_______
Answer:
The right solution is "$900".
Explanation:
GDP seems to be the cash value of all finished goods products as well as services produced in something like a single year throughout a region. The farmer develops wheat here though and markets these for $200 to such a miller. The miller transforms the wheat into flour which offers something for $500 to something like a baker. After that, the final good becomes bread.Thus, the GDP seems to be $900.
What does it mean to be in the black?"
a. Your financial records are in good order.
b. Your financial records are being called into question.
C. You have more credits than debits.
d. You have more debits than credits.
Please select the best answer from the choices provided
OA
OB
С
D
Answer:
C. You have more credits than debits.
Explanation:
In the financial world, certain terms are used that are understood by those in the financial world. One such word is the phrase "being in the black".
This phrase "being in the black" means when someone of a company has more credits than debits. This means that the inflow of money is more than outgoing. So, it is a good thing and that the company or the person is in a stable condition, not in debt, and financially solvent and safe.
Thus, the correct answer is option C.
Answer:
C
Explanation:
You have more credits than debits.
During 2021, Blossom Company purchased the net assets of Ayayai Corporation for $2178000. On the date of the transaction, Ayayai had $594000 of liabilities. The fair value of Ayayai's assets when acquired were as follows: Current assets $1069200 Noncurrent assets 2494800 $3564000 How should the $792000 difference between the fair value of the net assets acquired ($2970000) and the cost ($2178000) be accounted for by Blossom
Answer:
When the purchase price is lower than the fair market value, accountants generally refer to this as negative goodwill. All negative goodwill must be reported as a gain.
the net fair market value of assets = $1,069,200 + $2,494,800 - $594,000 = $2,970,000
gain = fair market value - purchase price = $2,970,000 - $2,178,000 = $792,000
Another way to refer to this type of situation is a bargain purchase.
Coca Cola stock has the following probability distribution of expected prices one year from now: State Probability Price 1 25 % $ 50 2 40 % $ 60 3 35 % $ 70 If you buy Coca Cola today for $55 and it will pay a dividend during the year of $4 per share, what is your expected holding-period return on Coca Cola
Answer:
18.18%
Explanation:
Calculation for the expected holding-period return on Coca Cola
First step is to calculate the Expected Price in one year
Expected Price in one year = 50*25% + 60*40% + 70*35%
Expected Price in one year =12.5+24+24.5
Expected Price in one year = $61
Last step is to get Calculate the Holding period return using this formula
Holding period return = (Price after 1 year + Dividend - Price amount paid)/Price amount paid
Let plug in the formula
Holding period return= (61+4-55)/55
Holding period return=10/55
Holding period return=0.1818*100
Holding period return= 18.18%
Therefore the expected holding-period return on Coca Cola will be 18.18%
Jake owns Delta Dew, a small local California marijuana producer and dispensary. Jake complies with all applicable state laws and is licensed in California to produce and dispense marijuana. Jake is sued by the federal government for violation of the federal Controlled Substances Act, which makes it illegal to produce and sell marijuana. In defense of the lawsuit and prosecution, Jake's best argument is:
Answer: C.The federal Commerce Clause only allows regulation of intrastate commerce, not interstate commerce.
Explanation:
The options are:
A.The federal Congress lacks in personam jurisdiction.
B.The federal Congress has exceeded its constitutional authority to regulate interstate commerce.
C.The federal Commerce Clause only allows regulation of intrastate commerce, not interstate commerce.
D.The application of this statute violates state law, so it is unconstitutional.
Based on the scenario in the question, in defense of the lawsuit and prosecution, Jake's best argument is that the federal Commerce Clause only allows regulation of intrastate commerce, not interstate commerce.
This is an example of intrastate commerce which should typically be left for the state government to handle as the state shouldn't be deprived of its function even though in certain rare cases, the Federal government may interfere.
1.Processes A, B, C, D, E, and F require service times of 3, 5, 2, 5, 3, and 5. Their arrival times are 0, 1, 3, 9, 10, and 12. What is the average turnaround time, waiting time, response time, and throughput when using SRJF, RR (q
Answer:
please check attachment for the answers I gave. they are in tabular form
Explanation:
The following transactions occurred at the Daisy King Ice Cream Company.
1. Started business by issuing 10,000 shares of capital stock for $23,000.
2. Signed a franchise agreement to pay royalties of 5% of sales.
3. Leased a building for three years at $530 per month and paid six months' rent in advance.
4. Purchased equipment for $5,700, paying $2,000 down and signing a two-year, 10% note for the balance.
5. Purchased $2,100 of supplies on account.
6. Recorded cash sales of $1,100 for the first week.
7. Paid weekly salaries and wages, $470.
8. Paid for supplies purchased in item (5).
9. Paid royalties due on first week's sales.
10. Recorded depreciation on equipment, $70.
Required:
Prepare journal entries to record each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Journal Entries Needed as followed:
1. Started business by issuing 10,000 shares if capitol stock for $23,000
2. Signed a franchise agreement to pay royalties of 5% of sales
3. Leased a building for 3yrs st $530 per month and paid 6 months rent in advance
4. Purchased equipment for $5700, paying $2000 down and signing a 2yr 10% note for the balance.
5. Purchased $2100 of supplies on account
6. Recorded cash sales of $1100 for the 1st week
7. Paid weekly salareies and wages $4700
8. Paid for suplies purchased in item (5)
9. Paid royalites due on 1st weeks sales
10. Recorded depreciation on equipment $70
Answer:
Daisy King Ice Cream Company
General Journal
1. Debit Cash Account $23,000
Credit Capital Stock $23,000
To record the issue of 10,000 shares for cash.
2. No journal entry required.
3. Debit Prepaid Rent $3,180
Credit Cash Account $3,180
To record the payment in advance of six months' rent.
4. Debit Equipment $5,700
Credit Cash $2,000
Credit Notes Payable $3,700
To record the purchase of equipment for cash and 10% two-year notes.
5. Debit Supplies $2,100
Credit Accounts Payable $2,1000
To record the purchase of supplies on account.
6. Debit Cash Account $1,100
Credit Sales Revenue $1,100
To record the sale of goods for cash.
Debit Royalties Expense $55
Credit Royalties Payable $55
To record 5% royalties payable on sales.
7. Debit Salaries and Wages Expense $470
Credit Cash Account $470
To record the payment of weekly salaries and wages.
8. Debit Accounts Payable $2,100
Credit Cash Account $2,100
To record the payment for supplies purchase on account.
9. Debit Royalties Payable $55
Credit Cash Account $55
To record the payment of royalties due.
10. Debit Depreciation Expense $70
Credit Accumulated Depreciation $70
To record the depreciation expense for the period.
Explanation:
For Daisy King Ice Cream Company, the recording of business transactions in the journal is the first step of maintaining the double-entry system of book-keeping. In it, the accounts to be debited and credited are identified and recorded for onward posting to the general ledger.
What are also known as restrictive covenants or Covenants, Conditions and Restrictions and are constraints that run with the land?
a. Licenses
b. Liens
c. Deed restrictions
d. A bundle of rights
Answer:
Option c (Deed restrictions) is the correct alternative.
Explanation:
Deed limitations or restrictions are personal agreements anything in any way regulate use of such property development and therefore are stated in the deed. The purchaser can add a limitation to something like the subject property. Sometimes, in something like development, architects limit the parcels of land to ensure a certain degree of uniformity.Some other three considerations do not apply to the condition given. So, the solution is indeed the right one.
What type of buffer(s) (inventory, time, or capacity) would you expect to find in the following situations? a) A maker of custom cabinets b) A producer of automotive spare parts c) A hospital emergency room d) Wal-Mart e) Amazon f) A government contractor that builds submarines g) A bulk producer of various chemicals h) A maker of lawn mowers for K-mart and Target i) A freeway j) The space shuttle k) A business school
Answer:
a) A maker of custom cabinets ⇒ TIME, generally goods that are custom made take longer to produce and clients are aware of this.
b) A producer of automotive spare parts ⇒ CAPACITY, if more parts are needed, you will have to use spare capacity.
c) A hospital emergency room ⇒ CAPACITY, services cannot be stocked, therefore, the only possible buffer is capacity since they cannot make their patients wait in line (a dead person waiting in line is no longer a patient).
d) Wal-Mart ⇒ INVENTORY, whether a store is a brick and mortar or internet retailer, its cheapest safety stock (buffer) is generally inventory.
e) Amazon ⇒ INVENTORY, whether a store is a brick and mortar or internet retailer, its cheapest safety stock (buffer) is generally inventory.
f) A government contractor that builds submarines ⇒ TIME, submarines are very expensive and it takes years to build them, so a week more wouldn't make a difference.
h) A maker of lawn mowers for K-mart and Target ⇒ INVENTORY, the company probably knows when it is going to sell more, so it can add to its inventory of finished goods just in case.
i) A freeway ⇒ CAPACITY and then TIME, services cannot be stocked, and since it takes years to plan and build a highway or freeway, the only possible initial buffer is capacity. But once full capacity is reached, then the only buffer is time.
j) The space shuttle ⇒ INVENTORY, since you cannot go back to Earth just to get refueled, you must carry extra fuel just in case. The same for the rest of the stuff.
k) A business school ⇒ CAPACITY, services cannot be stocked, and no student will wait a few extra years just to get into the school that they love.
g Question 3 At Springfield, the engraving department is a bottleneck, and the company is considering hiring an extra worker, whose salary will be $55,577 per year, to mitigate the problem. With the extra worker, the company will be able to produce and sell 7,700 more units per year. The selling price per unit is $13.00. Cost per unit currently is $7.69 as follows: Direct material $2.56 Direct labor 1.00 Variable overhead 0.23 Fixed overhead (primarily depreciation of equipment) 3.90 Total $7.69 Calculate the annual financial impact of hiring the extra worker. The annual net profit will by $ by hiring the extra worker.
Answer:
The net income will increase by $15,340 due to hiring of extra worker.
Explanation:
Salary of extra worker = $55,577
Extra production = 7,700 units
Selling price per unit = $13
Direct material per unit = $2.56
Direct labor per unit = $1.00
Variable overhead per unit = $0.23
Fixed overhead = $3.90. Due to extra production, fixed overhead will not increase.
Particulars Amount
Sales revenue (7,700 * 13) $100,100
Expenses:
Direct material (7,700 * $2.56) -$19,712
Direct labor (7,700 * $1.00) -$7,700
Variable overhead (7,700* 0.23) -$1,771
Salary of extra worker -$55,577
Net income $15,340
Thus, due to hiring of extra worker net income income will increase by $15,340
What would you be willing to pay for a $1000 par, 7 1/2% coupon bond with 25 years until maturity if you wanted to earn a return of 8%
Answer:
$958.78
Explanation:
The computation of the present value is shown below:
Given that
Future value = $1,000
NPER = 25
PMT = $1,000 × 7.5% = $75
RATE = 8%
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the present value is $958.78
The same is to be considered
The Accessories Outlet has total equity of $257,000, sales of $508,000, total assets of $610,000 and a profit margin of 3.5 percent. What is the return on equity
Answer:
6.92%
Explanation:
Return on Equity = Net Income / Total Shareholders Funds × 100
Where,
Net Income = Sales × profit margin
= $508,000 × 3.5 %
= $17,780
Therefore,
Return on Equity = $17,780 / $257,000 × 100
= 6.92%
A $135 petty cash fund has cash of $18 and receipts of $120. The journal entry to replenish the account would include a:______
a. credit to Petty Cash for $120
b. credit to Cash for $102
c. debit to Cash for $120
d. credit to Cash Short and Over for $3
Answer:
Credit to cash short and over of $3
Explanation:
Petty cash account is used to settle little expenses of a business that will not require writing a cheque.
The petty cash account has a balance that must be maintained when it is replenished.
When the account is above its limit it is debited and cash over and short is credited.
When it is below it's limit it is credited back to its normal balance and cash over and short is debited.
In the scenario the petty cash account has a limit of $135
There was a balance of $18 and a cash inflows of $120 making a total of $138.
This is over its limit
The excess is 138 - 135 = $3
This excess is debited from petty cash account and credited to cash short and over account
2. What's a good way to reduce food costs?
A buying items on sale
B making a shopping list and sticking to it
C making sure you go to the store on a full stomach
D all of the above
Bergeron is a local manufacturer of off-shore drilling platforms. In 2020, Bergeron entered into a contract to construct a drilling platform, which will be placed in the North Atlantic Ocean. The total contract price is $5,000,000, and Bergeron estimates the total construction cost at $2,000,000. Actual costs incurred in 2020 are $600,000. If Bergeron uses the completed contract method, the gross profit for 2020 is
Answer:
$900,000
Explanation:
The first step is to calculate the percentage completed
= 600,000/2,000,000
= 0.3
The revenue can be calculated as follows
= 5,000,000 × 0.3
= 1,500,000
Therefore the gross profit for 2020 can be calculated as follows
=1,500,000 -600,000
= $900,000
From 2015 to 2016, the overall price level rose from 200 to 220. Over the same period, tuition rates at the local community college rose from $100 to $115 per credit hour. What can be concluded from the rise in tuition relative to overall inflation. EXPLAIN your answer.a) Tuition rates increased at the same rate as inflation
b) Tuition rates increased at a slower pace than inflation
c) Tuition rates increased at a faster pace than inflation
d) Tuition rates and inflation cannot be compared with the numbers given
Answer:
C
Explanation:
Inflation is a persistent rise in general price level
Rise in Inflation rate = 220 / 200 - 1 = 10%
Rise in tuition fees = 115 / 100 - 1 = 15%
From the calculations, the percentage change in tuition fees is higher than the percentage change in inflation rate
Builtrite stock just paid a dividend of $5 and dividends are expected to grow at a 4% annual rate. If you require a 10% annual return, what do you believe is a fair price for Builtrite stock?
A. $88.33.
B. $83.33.
C. $84.00.
D. $80.00.
Answer: $86.7
Explanation:
From the question, we are informed that Builtrite stock just paid a dividend of $5 and dividends are expected to grow at a 4% annual rate and that an annual return of 10% is required.
The fair price for Builtrite stock will be:
Current price=D1/(Required return-Growth rate)
=($5 × 1.04)/(0.10-0.04)
= $5.2/0.06
= 86.7
Item 13Item 13 A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 30,000 units, 75% complete with respect to direct labor and overhead. The department completed and transferred out 127,500 units this period. The ending inventory consists of 20,000 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24,000 and overhead costs of $32,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is:
Answer:
$0.25
Explanation:
Note: The direct labor beginning inventory costs were $9,000 was missing
Equivalent unit for direct labor cost
Unit transferred 127,500 100% 127,500
Ending WIP Inventory 20,000 25% 5,000
Total 147,500 132,500
Total Cost
Cost in WIP Beginning 9,000
Cost added during period 24,000
Total cost 33,000
Cost per equivalent unit = Total Cost / Equivalent unit for direct labor cost
Cost per equivalent unit = 33,000 / 132,500
Cost per equivalent unit = $0.25
Consider a mutual fund with $240 million in assets at the start of the year and 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $2.5 million. The stocks included in the fund's portfolio increase in price by 5%, but no securities are sold and there are no capital gains distributions. The fund charges 12b-1 fees of .75%, which are deducted from portfolio assets at year-end. a. What is the fund's net asset value at the start and end of the year
Answer:
Net asset value at the start of the year = $240,000,000 / 10,000,000 shares
Net asset value at the start of the year = $24
Asset in the beginning $240,000,000
Increase in value $240,000,000*5% $12,000,000
Assets at the end $352,000,000
Less: 12b-1 Charges $352,000,000 * 0.75%) $2,640,000
Asset at the end $349,360,000
Net asset value at the end of the year = $349,360,000/10,000,000 shares
Net asset value at the end of the year = $34.936
Preston Corp. is estimating its WACC. Its target capital structure is 20 percent debt, 20 percent preferred stock, and 60 percent common equity. Its bonds have a 12 percent coupon, paid semiannually, a current maturity of 20 years, and sells for $1,100. The firm could sell, at par, $100 preferred stock which pays a 5.52 percent annual dividend, but flotation costs of 5 percent would be incurred. Preston's beta is 1.2, the risk-free rate is 3 percent, and the market risk premium is 5 percent. The firm's marginal tax rate is 40 percent. What is Preston's WACC
Answer:
Follows are the solution to this question:
Explanation:
[tex]\text{Equity expense = free risk rate+beta} \times \text{market risk premium}[/tex]
[tex]=3 \% + 1.2 \times 5 \% \\\\= 0.03 + 1.2 \times 0.05 \\\\= 0.03 +0.06 \\\\= 0.09\\\\=9 \%[/tex]
[tex]\text{Preferred inventory cost} = \frac{\text{annual dividend}}{( price - floation \ rate)}[/tex]
[tex]= \frac{(100 \times 5.46 \%)}{(100-100 \times 5 \%)}\\\\=5.75 \%[/tex]
[tex]\text{Excel feature = RATE(nper, PMT, PV, FV)}[/tex]
[tex]=(RATE( \frac{20 \times 2,1000 \times 12 \%}{2,-1100,1000})) \times 2 \\\\=10.77 \%[/tex]
[tex]\text{Debt expense after tax}= 10.77 \% \times (1-40 \%)[/tex]
WACC from Preston = Capital weight [tex]\times[/tex] Capital equity costs+cost of common stock [tex]\times[/tex] cost of common shares [tex]\times[/tex] debt cost [tex]\times[/tex] (1-tax rate)
[tex]=60 \% \times 9 \%+20 \% \times 5.75 \%+20 \% \times 6.46 \% \\\\=7.84 \%[/tex]
Recently, a casino issued a press release announcing that a cocktail waitress won the world's largest slot jackpotover $30,000,000. She said she had played less than $50 in the machine when the jackpot hit. The top jackpot for this type of slot machine builds from a base amount of $7 million and can be won with a 3-coin ($3) bet. a) How can the casino afford to give away millions of dollars on a $3 bet? b) Why did the casino issue a press release? Wouldn't most businesses want to keep such a huge loss quiet?
Answer:
Casino and Press Release
a) This casino can afford to give away $30 million on a $3 bet since it has garnered enough from a base amount of $7 million severally before the jackpot is won. In my own calculations, for two weeks, the casino could have gathered more than $140 million. After all, jackpots are not won on a daily basis, but casinos obtain millions in bet proceeds. So for the waitress winning $30 million, it is simply payback time for the casino.
b) The press release announcing the jackpot is an avenue for cheap publicity and media authentication of the business. Casinos are not allowed to advert their services. A way around this ban is to issue press releases when a jackpot is won in order to publicize their services. Moreover, that a waitress won the jackpot of $30 million is not even a business loss. It is simply paying back some fraction of the proceeds.
Explanation:
With the statistical advantages enjoyed by casinos, they surely make more money than the betters. Casino is a gambling game of chance, where the advantage is skewed in favor of casino businesses who gather so much in bets from their patrons.
Speicher sells sports shoes and formal shoes. Sports shoes sell for $110 each and cost $50 in variable expenses to make. Formal shoes sell for $220 and cost $100 in variable expenses to make. Speicher’s fixed expenses are $50,000. If 35% of his revenues are from sports shoes, what is Speicher’s weighted average contribution margin ratio? Provide your answer in decimal form (i.e. 65.2% = 0.652) and to three decimal places. Do not round intermediary calculations.
Answer:
weighted contribution margin ratio = 0.545
Explanation:
contribution margin of sport shoes = $110 - $50 = $60
contribution margin ratio of sport shoes = $60 / $110 = 0.545454
contribution margin of formal shoes = $220 - $100 = $120
contribution margin ratio of sport shoes = $120 / $220 = 0.545454
35% of total revenues come from sport shoes
weighted contribution margin ratio (it is the same for both products) = 0.545454 = 0.545
How long would it take to double your investment if you invest $2,000 at 7.5% compounded quarterly?
a. Less than 8 years
b. Between 8 and 9 years
c. Between 9 and 10 years
d. Between 10 and 11 years
e. More than 11 years
Answer:
c. Between 9 and 10 years
Explanation:
The computation of the time period is shown below:
Future value = Present value × (1 + interest rate)^number of years
$4,000 = $2,000 × (1 + 7.5% ÷4)^time period ×2
After solving this
The time period is
= 9.3283
Hence, it lies between the 9 and 10 years
Therefore the correct option is c.
And all other options are wrong.
Three Corners Markets paid an annual dividend of $1.42 a share last month. Today, the company announced that future dividends will be increasing by 1.3 percent annually. If you require a return of 14.0 percent, how much are you willing to pay to purchase one share of this stock today?
Answer:
$11.33
Explanation:
According to the Gordon growth model
V₀=D₀ (1 + g) / r - g
D₀ = $1.42
r = 14%
g= 1.3%
$1.42 x (1.013) / 0.127 = $11.33
Dan and Rachel have been assigned to work together as co-leaders of an anxiety disorders group. In order to be effective models for their group members, they should:_________
a. seek supervision only if issues arise between them.
b. explore their personal beliefs and perspectives about cofacilitation.
c. inspire each other by competing with each other to develop the most creative techniques.
d. depend heavily on each other.
Answer:
b. explore their personal beliefs and perspectives about cofacilitation.
Explanation:
Looking at the above scenario, the right alternative for Dan and Rachel to be effective co-leader models for members of an anxiety disorder group would be to explore their personal beliefs and perspectives on cofacilitation.
A support group for anxiety disorders aims to share the beliefs, perspectives and personal experiences of each member of the group so that there is exchange and mutual support for problems, greater understanding and resolution of problems.
In this case, the leaders must be the facilitators of the group's objectives, that is, they must be the examples of how to engage the members of the group, include everyone in the exchange of experiences and motivate them to reach the solution of the problems.
Loreal-American Corporation purchased several marketable securities during 2021. At December 31, 2021, the company had the investments in bonds listed below. None was held at the last reporting date, December 31, 2020, and all are considered securities available-for-sale. Cost Fair Value Unrealized Holding Gain (Loss) Short term: Blair, Inc. $ 480,000 $ 405,000 $ (75,000 ) ANC Corporation 450,000 480,000 30,000 Totals $ 930,000 $ 885,000 $ (45,000 ) Long term: Drake Corporation $ 480,000 $ 560,000 $ 80,000 Aaron Industries 720,000 660,000 (60,000 ) Totals $ 1,200,000 $ 1,220,000 $ 20,000 Required: 1. Prepare appropriate adjusting entry at December 31, 2021. 2. What amount would be reported in the income statement at December 31, 2021, as a result of the adjusting entry
Answer:
1. 31 Dec 2021
Dr Net unrealized holding gain/loss 25,000
Cr Fair value adjustment 25,000
2. None
Explanation:
Preparation of Journal entry
First step is to calculate for the unrealized loss
Unrealized loss=Short term loss-Long term gain
Unrealized loss=45,000-20,000
Unrealized loss=25,000
Journal entry
31 Dec 2021
Dr Net unrealized holding gain/loss 25,000
Cr Fair value adjustment 25,000
(To record unrealized loss on available for sale securities)
2. No amount would be reported in the income statement at December 31, 2021 because the Net unrealized holding gain/loss will be reported in other comprehensive income .
What features of the 100 Yen Sushi House service delivery system differentiate it from the competition, and what competitive advantages do they offer?
Answer:
The summary and as per the query is defined in the following portion of the clarification.
Explanation:
The key characteristics including its 100 yen sushi management of service distribution system are its approaches to meal preparation and facilities on the manufacturing process. The client is also involved throughout the supply chain. The regular price, the conveyor belt mechanism throughout the location, which passes across the commercial counter, is three to four chefs on the floor.
The benefits of this are the people that follow:
High-tech independence including the use of clear methods. The positions that their operation involves repetition throughout their manufacturing method there might be other providers that could follow 100 yen sushi household operational efficiency. The distribution system used for the 100 yen sushi household delivery of services may also be regarded for car production. By only using throughout time method, the location uses freshly delivered food. The position has always had to estimate the volume of food purchased as well as cook it regularly according to the purchase request.Carolyn is looking over opinions based primarily on research studies. She has found that there are 31 of them in total. What organization is Carolyn researching?
Answer:
d. APB
Explanation:
Carolyn is looking over published accounting opinions based primarily on research studies. What organization is Carolyn researching?
These are the options for the question
a. CAP
b. AICPA
c. SEC
d. APB
We are informed Carolyn who is looking over published accounting opinions based primarily on research studies. The organization Carolyn researching is Accounting Principle Board.
APB( Accounting Principle Board) belongs to a body of American institute of Certified public accountant in US.
it was been run and organised by American Institute of Public Accountants. APB can be regarded as organization which is a forerunner of
Financial Accounting Standards Board. This APB usually offer discounts on professional training with them as well insurance on journal subscription to their member. They are good in offering research on Accounting and finance.
