Answer:
Salary
Explanation:
A salary is an agreed and fixed amount that is paid to an employee that is usually paid at set intervals.
For example weekly, biweekly, and monthly.
Salary paid does not change with extra hours worked. However there may be a seperate compensation for added time worked.
Exempt employees are not entitled to payment for extra hours worked, and do not qualify for minimum wage.
In the given scenario where a fixed amount of $60,000 a year is paid to an exempt employee, it is an example of a salary.
Jelco has a target debt-to-value ratio of .55. The pretax cost of debt is 8.6 percent, the assumed tax rate is 24 percent, and the unlevered cost of equity 13.4 percent. What is the target cost of equity
Answer:
17.21%
Explanation:
Calculation for What is the target cost of equity
Target cost of equity= 13.4% + (13.4% - 8.6%) (.55 / .45) (1 - 35%)
Target cost of equity= 13.4% + (4.8%) (.55 / .45) (1 - 35%)
Target cost of equity=17.21%
Therefore the target cost of equity is 17.21%
The cash basis of accounting is acceptable primarily in enterprises that do not have substantial credit transactions or inventories.
a) true
b) false
Answer:
a) true
Explanation:
Cash basis of accounting is the recognition of transactions when the cash is paid or received not when they occur or incur. When an entity does not have substantial credit transactions or inventories it is convenient for them to use the cash basis since these credit transactions do not happen frequently.
Granite Stone Creamery sold ice cream equipment for $16,000. Granite Stone originally purchased the equipment for $90,000, and depreciation through the date of sale totaled $71,000. What was the gain or loss on the sale of the equipment?
Answer:
The loss amount is "$3,000".
Explanation:
The given values are:
Sale amount,
= $16,000
Ice-cream equipment's cost,
= $90,000
Depreciation,
= $71,000
Now,
The book value will be:
= [tex]Ice \cream \ equipment's \ cost-Depreciation[/tex]
On substituting the values, we get
= [tex]90,000-71,000[/tex]
= [tex]19,000[/tex] ($)
The loss on the sale will be:
= [tex]Book \ value -Sale \ amount[/tex]
= [tex]19,000-16,000[/tex]
= [tex]3,000[/tex] ($)
a machine whose cash ptice us $700 was bought on hire purchase for $784. The cost of credit was
Answer:
$84
Explanation:
Cost of Credit refers to the expenses incurred when using credit. It is the cost of borrowing and is represented by the difference between the total amount paid back and the amount borrowed.
I.e., cost of credit = Amount paid - Amount borrowed.
In this case,
Cost of credit = $784 - $700
Cost of credit = $84
Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units next year and Product L is expected to sell 8,000 units. A unit of either product requires 0.4 direct labor-hours. The company's total manufacturing overhead for the year is expected to be $1,632,000.
Required: 1-a. The company currently applies manufacturing overhead to products using direct labor-hours as the allocation base. If this method is followed, how much overhead cost per unit would be applied to each product?
Product H Product L
Overhead cost per unit
1-b. Compute the total amount of overhead cost that would be applied to each product
Product H Product L Total
Total overhead cost
Answer:
1a. Product H Overhead cost per unit = [$85 * 0.4] = $34.00
Product L Overhead cost per unit = [$85 * 0.4] = $34.00
Predetermined overhead application rate = Estimated total manufacturing overheads / Total direct Labor hours
Predetermined overhead application rate = $1632000 / {[40000 units * 0.4]+[8000 units * 0.4]}
Predetermined overhead application rate = $1632000 / 19200 direct labor hours
Predetermined overhead application rate = $85 per direct labor hour
1b. Product H Product L
Overhead cost $816,000 $816,000
/No.of units 40000 8000
Overhead cost per unit $20.40 $102.00
Product H Product L Total
Total Overhead cost $1,360,000 $272,000 $1,632,000
Note:
Total Overhead cost = No.of units * Overhead cost per unit
Henry, Luther, and Gage are dissolving their partnership. Their partnership agreement allocates each partner 1/3 of all income and losses. The current period's ending capital account balances are Henry, $45,000; Luther, $37,000; and Gage, $(5,000). After all assets are sold and liabilities are paid, there is $77,000 in cash to be distributed. Gage is unable to pay the deficiency. The journal entry to record the distribution should be:
Answer and Explanation:
The journal entry to record the distribution is as follows;
But before that following calculations need to be required
Capital, Henry = $45,000
Capital, Luther = $37,000
Capital, Gage = -$5,000
Now there is a deficiency in the gage capital account i.e. $5,000 should be borne by Henry and Luther in equal ratio i.e. $2,500 each
Now the henry final balance is
= $45,000 - $2,500
= $42,500
And, the luther final balance is
= $37,000 - $2,500
= $34,500
Now the journal entry is
Henry, capital $42,500
Luther, capital $34,500
To Cash $77,000
(Being distribution is recorded)
here the capital account is credited as it reduce the stockholder equity and cash is credited as it also reduced the assets
Office Depot has leveraged its store, website, and catalog channels with impressive results. The promotion of all three information and delivery channels indicates that Office Depot would like its customers to think of all of its channels as Office Depot. Office Depot is likely following a(n) __________ strategy.
Answer:
multichannel marketing
Explanation:
Marketing mix can be defined as the various choices about distribution strategy, product attributes, pricing strategy and communication strategy that a business firm or company make available to its targeted markets.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
In this scenario, Office Depot has leveraged its store, website, and catalog channels with impressive results. The promotion of all three information and delivery channels indicates that Office Depot would like its customers to think of all of its channels as Office Depot. Office Depot is likely following a multichannel marketing strategy.
A multichannel marketing can be defined as a mix of various promotional, communications and distribution channels to make goods and services available to the customers.
In order for clients to satisfy identity verification procedures, they must produce which of the following?
A.) A single Group A identity document
B.) A single Group B1 and a single Group B2 identity document.
C.) One identity document each from Groups A, B1, and B2
D.) Both A and B are correct.
E.) None of the above
Answer: D.) Both A and B are correct.
Explanation:
The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity.
They can do so via several documents first of which is a single Group A document. These could be Driver's License , Foreign Passport , Military ID etc.
Then there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like.
This is being done to limit terrorist financing and money laundering so utmost compliance is advised.
The correct option is D.) Both A and B are correct.
The following information should be considered:
The Bank Secrecy Act/USA PATRIOT Act demands that people who are applying for bank products should verify their identity. It can be done via several documents first of which is a single Group A document. These could be Driver's License , Foreign Passport , Military ID etc. After this, there is to be a single identity from both B1 and B2 as well and these include: Employee ID , Check Cashing ID , Food Stamp ID , Indian Tribal Card and the like. This is being done to limit terrorist financing and money laundering so utmost compliance is advised.Learn more: brainly.com/question/16911495
__________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. Multiple Choice Rule of law Employment at will Rule of fair treatment Employment flexibility Due-process policy
Answer:
Employment at will
__________ states that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause.
Explanation:
Employment at will can cause the termination of an employee at any time without any reason, explanation, or warning, except for illegal reasons. Thus, employers can change the terms of employment, including the wages, benefit plans, or paid time off, without giving any notice or incurring any consequences or legal liability. Equally, employees are free to change jobs without notice if they so choose.
12. The Keystone Company has two divisions, A and B. Assume the following data for the two divisions for March: Division A Division B Sales $45,000 $80,000 Variable expenses as a percentage of sales 60% 80% Segment margin $5,000 $14,000 If total net income for the Keystone Company was $8,000, then how much were the total traceable and common fixed expenses for the Keystone Company
Answer:
The Keystone Company
The total traceable and common fixed expenses for the Keystone Company is:
$26,000
Explanation:
a) Data and Calculations:
Divisions A B Total
Sales $45,000 $80,000 $125,000
Variable expenses 60% 80%
Variable expense 27,000 64,000 91,000
Contribution $18,000 $16,000 $34,000
Traceable fixed
expense 13,000 2,000 15,000
Common fixed expense ?
Total net income 5,000 14,000 8,000
The common fixed expense = $11,000
Total traceable and common fixed expenses = $26,000 ($34,000 - 8,000)
The following financial information is from Shovels Construction Company.Accounts payable $14,500Buildings 85,000Cash 11,600Accounts receivable 10,000Sales tax payable 2,900Retained earnings 46,400Supplies 41,800Notes payable (due in 18 months) 26,000Interest payable 1,000Common stock 57,600What is the amount of current assets, assuming the accounts above reflect normal activity?
Answer:
$63,400
Explanation:.
Calculation for the amount of current assets,
CURRENT ASSETS
Cash 11,600
Accounts receivable 10,000
Supplies 41,800
Total current assets $63,400
Therefore the amount of current assets is $63,400
. Why is the informational role essential to a functioning business? a. So, information is exchanged between people at different levels of the company. b. So, the business's internal records are better organized. c. So, one person has a complete understanding of what's happening in the business. d. So, fraud can be eliminated from a business.
Answer:
a. So, information is exchanged between people at different levels of the company.
Explanation:
The informational role would become important in a functioning business because of the exchanged information between the people who have different levels in the organization in order to develop a network between them
In this, the proper smoothing of work could be done due to which the company is able to accomplish their objective within the prescribed time
Therefore the correct option is a.
An auto repair shop orders cleaning rags in batches of 160 boxes. This inventory is depleted at a constant rate and new rags are ordered to arrive exactly when the on-hand inventory of rags reaches zero boxes. What is the average inventory level over time?
Answer:
80
Explanation:
Given that number of orders = 160 boxes , On hand inventory = 0
The formula for Average inventory level is given below:
Average inventory level = (Number of orders + On hand inventory) / 2
Average inventory level = 160 + 0 / 2
Average inventory level = 160 / 2
Average inventory level = 80
Therefore, the average inventory level over time is 80
1. Through the last decade, we have seen the impact business people have on our society. At the end of your career, what do you think people will say you did for society
Answer:
Impact of Business on Society
At the end of my career, I would like people to say that I have increased the opportunities for society to achieve sustainable survival.
Explanation:
This implies that I will ensure that my business community enjoys more of the positive impact that businesses can make in improving the society. To achieve this, I will ensure that my business operates in a sustainable, eco-friendly environment and engages in practices that promote such enabling environment. I will promote restraint in the use of ozone-depleting chemicals and advocate for renewal energy. I will promote green environments for my business and the community where it is located.
The Baldwin's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be
Answer: d. $282,000
Explanation:
The workforce complement is to increase by 10%;
= 471 * 10%
= 47.1
= 47 people
Recruiting cost = 47 * (recruiting base + recruiting spend)
= 47 * ( 1,000 + 5,000)
= $282,000
During 2020, $890000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. Marigold Corp.'s total manufacturing costs incurred in 2020 amounted to
Please give brainliest
Answer:
$2,090,000
Explanation:
The computation of the total manufacturing cost is shown below:
Total manufacturing cost = Cost of direct materials used + direct labor cost + manufacturing overhead cost incurred
where,
Cost of direct materials used = Beginning balance of raw material + Purchase of direct materials - ending balance of raw material
= $290,000 + $840,000 - $350,000
= $780,000
So, the total manufacturing cost equals to
= $780,000 + $670,000 + $640,000
= $2,090,000
commenced business with investment Rs 500000
Purchased good from hari Rs 10000
sold
goods to shyam Rs 15000
lach received from shyam Rs 15000
House rent received
from
tenant Rs 10000
Commission Paid Rs 5000
Regeired: Accounting equation
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I'm also stuck on the same question
The bonds issued by United Corp. bear a coupon of 6 percent, payable semiannually. The bond matures in 20 years and has a $1,000 face value. Currently, the bond sells at $955. The yield to maturity (YTM) is _____%.
Answer: 6.40%
Explanation:
Use Excel to calculate this by the formula;
= RATE(Nper,Pmt,-Pv,Fv)
Nper is number of periods = 20 * 2 = 40 semi annual periods
Pmt is the payment = $6%/2 * 1,000 = $30
Pv is the present value = $955
Fv is future value or face value = $1,000
= RATE (40,60,-955,1000)
= 3.20% * 2 (because this is a semi annual rate)
= 6.40%
If the bond sells at $955. The yield to maturity (YTM) is 6.40%.
First step is to find the rate using financial calculator
Rate=(Nper,Pmt,-Pv,Fv)
Where:
Nper = 20 ×2 = 40 years
Pmt = $1,000×6%/2 = $30
Pv = $955
Fv = $1,000
Hence:
Rate=(40,60,-955,1000)
Rate=3.20%
Now let calculate the yield to maturity (YTM)
Yield to maturity= 3.20%×2
Yield to maturity=6.40%
Inconclusion the yield to maturity (YTM) is 6.40%.
Learn more here:
https://brainly.com/question/20340866
when contracting out governmental function it is the policy of the government to utilize non-personal service contract whenever possible. personal service contracts are appropriate only in limited situations
Answer: a. Under a personal services contract, the contractor’s personnel are subject to the supervision and control that prevails in relationships between the Government and its employees.
Explanation:
A personal service contract operates as though there is an employer-employee relationship between the Government and personnel under the contractor hired for the project.
This means that the contractor's personnel will be subject to the same supervision and controls that the government puts its own employees under.
Elton Mayo experiments at the Hawthorne Electric indicated: a. No significant correlation between the level of illumination and the level of productivity b. Productivity was affected by the human relations between the researchers and subjects, which was the missing variable in the original model c. Good relations between the employees, high group cohesiveness were the other factors d. All of the above
Answer:
d. All of the above
Explanation:
In the case where is a large number of manufacturing complexes and if the research is done on productivity so it would be considered as a Hawthorne works that could be possible via partnership done by many industries, universities, etc
There is no correlation between the productivity and the light levels. The speed of an individual workers would be measured the total level of production and the factors impact such as resting periods, working hours etc. It also developed the various kind of positions to represent the productivity that could change in some specific groups i.e. group norms, cohesiveness, etc
So as per the above explanation, the option d is correct
What is the prime reason that Jenny's discretionary income is more volatile than her salary?
A. Her cost of living is affected by high inflation in the neighborhood
B. Her tax rate remains 30%
C. Her mortgage payments and necessities are fixed
D. Her discretionary income and salary are equally volatile
Answer:
c. Her mortgage payments and necessities are fixed
Explanation:
Discretionary income is the remaining income after being paid out for all fixed expenses (i.e. Discretionary income = Salary - Mortgage - Income tax etc). The primary reason for variability in it is due to the mortgage payment and fixed expenses from the basic salary received.
So, option c is correct while other options are incorrect as tax does not affect as well as cost of living
A fraud examiner can request a business’s bank records even if the business is not legally obligated to comply.a) trueb) false
Answer:
false
Explanation:
Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. In the spot market, 1 euro equals $1.35. What is the 90-day forward rate
Answer: 1.356345
Explanation:
Based on the scenario and information provided in the question, the 90-day forward rate will be calculated as:
= Spot Rate × (1 + Germany Interest Rate) / (1 + United States Interest Rate)
= 1.35 × (1 + 6.5%) / (1 + 6%)
= 1.35 × (1 + 0.065) / (1 + 0.06)
= 1.35 × 1.065/1.06
= 1.35 × 1.0047
= 1.356345
Which of the following is an argument put forward by German philosopher Immanuel Kant?
a. One can have unmediated knowledge of how the world is, Independently of his or her ways of experiencing
b. People can only have knowledge of the world as they experience it
c. Knowledge comes only from reason
d. One acquires knowledge primarily from one's own sensory experience.
Answer:
Option b:. People can only have knowledge of the world as they experience it
Explanation:
Immanuel Kant is known as an 18th-century German philosopher.He trust in transcendental idealism. It all about morality which ensures or requires belief in God, freedom, and immortality, although these may not be to be proved, etc. He believed the take home for right action and behavior was good morals and ethics.
Read the scenario, and answer the questions. You are a project manager for a specialty sports equipment manufacturer. A critical member of your design team, Gwen, has been unprofessional and rude to her coworkers, and she has missed two deadlines. You need to address the problem before it gets out of hand and you fall behind schedule. What is your first step in offering Gwen constructive criticism
Answer:
Mentally outline your conversation
Explanation:
Since in the question it is mentioned that Gwen who is in a design team is unprofessional and even rude to her coworkers. Due to this, she missed two deadlines. Now you have to address this problem so here the first step is to outline your conversation in a mental way so that the chances of solving the problem is high
Therefore the same is to be considered
Kenny is concerned that the amount of spam he is receiving is making him less productive at work. He knows that the
FTC is taking steps against spammers, so he begins to forward spam to them at
Answer:
Sorry, I could not type the answer here directly because it doesn't allow me.
It should be "spam" followed by "at" (the symbol sign) and "uce" plus "." and "gov"
There should be no spaces.
Explanation:
A "spam" refers to an email that you do not want in your inbox. They are mostly intended for commercial purposes–including some emails that are deceptive. There are actually many ways to reduce the amount of spam reaching your email. For example, you could use an email filter or choose a unique email address.
Kenny above wants to report the spam he is receiving, thus, he needs to forward it to the Federal Trade Commission (FTC). They are responsible for helping Kenny clear his inbox from spams.
If you burn garbage in your backyard and the smoke damages a neighbor's house,the damage is considered an externality.The externality is the cost of the house damage paid by the neighbor (third party).A. TrueB. False
Answer:
B.
Explanation:
Mr.and Mrs.Hawell want to file thier income tax return together. Which filling status should they use?
Answer:
married
Explanation:
dont really have one
Answer:
I took that test, the examples to choose from are:
1.)Head of House Hold
2.) Married Filing Jointly
3.) Married Filing Separately
And I know that Answer is:
2.) Married Filing Jointly
Explanation:
Married filing jointly alludes to a filing status for married couples that have marry before the finish of the assessment year. When documenting under wedded documenting mutually status, couples can record their individual earnings, exceptions and derivations on a similar assessment form. Married filing jointly is ideal if just a single life partner has a critical salary.
As you know, the United States has consistently run a trade deficit for the past forty years. In which quarter(s), did the trade deficit fall?
Answer:
The United States has consistently run a trade deficit for the past forty years and the trade deficit fall is explained below in details.
Explanation:
The United States commerce deficit fell for the initial time in six ages in 2019 as President Donald Trump pounded China with import expenses. The Commerce Department said Monday that the hole among what the United States trades and what it purchases abroad dropped 1.8% last year to $626.9 billion.
Vaughn Manufacturing lends Wildhorse Co. $51600 on April 1, accepting a four-month, 6% interest note. Vaughn Manufacturing prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared
Answer: See explanation
Explanation:
Based on the scenario in the question, there will be a debit to interest receivable in the amount of:
= $51600 × 6%/12
= $51600 × 0.06/12
= $51600 × 0.005
= $280
Interest revenue will also be credited in the amount of $280
Debit: Interest receivable $280
Credit: Interest revenue $280