Answer:
a) Determination of the amount of the amortization, depletion, or impairment for the current year for each item:
Item Impairment Amortization Depletion
Expense Expense Expense
a. Timber rights $304,000
b. Goodwill $ 1,110,000
c. Patent $456,000
b) Adjusting Journal Entries:
Date Account Titles Debit Credit
Dec. 31 Depletion Expense -Timber rights $304,000
Accumulated Depreciation - Timber rights $304,000
To record the depletion expense for Timber rights.
Dec. 31 Goodwill Impairment Loss $1,110,000
Accumulated Goodwill Impairment $1,110,000
To record the impairment loss for Goodwill
Dec. 31 Amortization Expense - Patent $456,000
Accumulated Amortization - Patent $456,000
To record the amortization expense for Patent.
Explanation:
a) Data and Calculations:
February 22, Purchase of Timber rights $1,140,000
Estimated stand of timber = 6,000,000
Used board feet of timber = 1,600,000
Units of product Depletion
= $1,140,000/6,000,000 * 1,600,000
= $304,000
December 31, Goodwill impairment
= $1,110,000
April 3 Patent:
Cost incurred $9,120,000
Amortization per annum = $608,000 ($9,120,000/15)
Amortization for the current year = $456,000 ($608,000 * 3/4)
Credit Losses Based on Accounts Receivable At December 31, Schuler Company had a balance of $364,900 in its Accounts Receivable account and a credit balance of $4,200 in the Allowance for Doubtful Accounts account. The accounts receivable T-account consisted of $370,000 in debit balances and $5,100 in credit balances. The company aged its accounts as follows:
Current $303,000
0-60 days past due 42,000
61-180 days past due 17,000
Over 180 days past due 8,000
$370,000
In the past, the company has experienced credit losses as follows: 1% of current balances, 5% of balances 0-60 days past due, 15% of balances 61-180 days past due, and 40% of balances over six months past due. The company bases its allowance for doubtful accounts on an aging analysis of accounts receivable.
Required:
a. Prepare the adjusting entry to record the allowance for doubtful accounts for the year.
b. Show how Accounts Receivable (including the credit balances) and the Allowance for Doubtful Accounts would appear on the December 31 balance sheet.
Answer:
a. First calculate the adjusting entry to record allowance.
Uncollectible for the year is;
= (303,000 * 1%) + (42,000 * 5%) + (17,000 * 15%) + (8,000 * 40%)
= $10,880
Adjusting entry = Uncollectable amount - Credit balance on allowance
= 10,880 - 4,200
= $6,680
DR Bad Debt Expense $6,680
CR Allowance for Doubtful accounts $6,680
b.
Current Assets:
Accounts Receivable $370,000
Less: Allowance for doubtful accounts ($10,880)
$359,120
Current Liabilities
Customers Overpayments $5,100
The current liability above arises from the credit balance of $5,100 in the Accounts receivable account. Accounts Receivable should have a debit balance so if a credit balance occurs it is an overpayment by a customer.
Lerchman Corp sponsors a defined-benefit pension plan for its employees. The company's actuary has provided the following information for the year ended December 31, 2022:
Projected benefit obligation $730,000
Fair value of plan assets 860,000
Service cost 240,000
Interest on projected benefit obligation 24,000
Amortization of prior service cost 60,000
Expected and actual return on plan assets 82,500
The plan paid benefits of $150,000. The market-related asset value equals the fair value of plan assets. No contributions have been made for 2022 pension cost. In its December 31, 2022 balance sheet, Lerchman should report a pension asset / liability of
a. Pension liability of $730,000
b. Pension liability of $545,000
c. Pension asset of $130,000
d. Pension asset of $860,000
Answer:
c. Pension asset of $130,000
Explanation:
Calculation for what Lerchman should report as pension asset / liability in its December 31, 2022 balance sheet
Using this formula
Balance sheet Pension Asset = Fair value of plan assets 12/31/22- Projected benefit obligation 12/31/22
Let plug in the formula
Balance sheet Pension Asset= $860,000 - $730,000
Balance sheet Pension Asset = $130,000
Therefore In its December 31, 2022 balance sheet, Lerchman should report a pension asset of $130,000
Logano Driving Schoolâs 2017 balance sheet showed net fixed assets of $2.4 million, and the 2018 balance sheet showed net fixed assets of $3.3 million. The companyâs 2018 income statement showed a depreciation expense of $319,000.What was net capital spending for 2018? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Answer:
$1,219,000
Explanation:
Calculation for the net capital spending for 2018
Using this formula
2018 Net capital spending=(2018 Net fixed assets-2017 Net fixed assets)+Depreciation expense
Let plug in the formula
2018 Net capital spending=($3,300,000-$2,400,000)+$319,000
2018 Net capital spending=$900,000+$319,000
2018 Net capital spending=$1,219,000
Therefore the 2018 Net capital spending will be $1,219,000
estimated cost: a. managers use to make decisions about the future b. find a right price c. is not useful for
Answer:
managers use to make decisions about the future
Explanation:
Estimated cost is the cost that is projected to be incurred by a business when undertaking a project, program, or operation.
It comprises of the list of expenses that will be spent on an activity in the future.
Therefore it is used by managers to decide on the best activity to undertake in the future.
Usually the activity that has the lowest cost is balanced against the required quality.
Archer, in Chicago, wrote to Ganze in New York City offering to purchase her antique car. When she received the letter, Ganze mailed an acceptance. After she mailed the letter, Ganze changed her mind and sent a telegram rejecting the offer. The acceptance letter reached Archer one day before the telegram. Did a contract result
Answer:
No
Explanation:
Remember, in business law, as long as both parties did not sign a contractual document, the purchase is not legal.
In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.
Also, the fact that she quickly sent a telegram letting Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.
Which body of law governs the rules regarding the offering or trading of ownership interests in corporations?
A. State law.
B. The Revised Model Business Corporation Act.
C. Federal law.
D. Common law.
Answer
:C. Federal law.
Explanation:
Federal law can be regarded as one of the body of law in a country usually form by the federal government, the federal government which is the combination of states and province in a country under one federation usually raise some law that overseas the trading ownership interests( how a firm is able to secure common stock in another in corporations)as well as other rules that protect the business, organization through the federation. It should be noted that federal law is the body of law that governs the rules regarding the offering or trading of ownership interests in corporations
Which of the following accounts is a temporaryâ account? A. Accounts Receivable B. Supplies C. Withdrawals D. Cash
Answer:
C. Withdrawals
Explanation:
The temporary account refer to the account that are closed at the closing accounting period. It involves the revenue, expenses, and the withdrawal account. it is also called the nominal account that involves these type of accounts
According to the given options, the option C is correct
And, the rest of the options of the wrong
Petter Jansen purchased 100 shares each in Sygnette and Joey Stores a year ago. He paid $62.85 and $121.15 per share respectively. He sold Sygnette today for $59.80. He received a dividend fromJoey Stores of $1.60 and alsosold the stock today for $127.35 per share. Petter's return for the portfolio is:'_______
Answer:
2.58%
Explanation:
holding period return (HPR) = [(ending value - initial value) + dividends received] / initial value
initial value of Petter's portfolio = (100 x $62.85) + (100 x $121.15) = $18,400ending value = (100 x $59.80) + (100 x $127.35) = $18,715dividends received = 100 x $1.60 = $160HPR = [($18,715 - $18,400) + $160] / $18,400 = $475 / $18,400 = 0.0258 = 2.58%
Part 1 of 4
Which of the following is an example of a firm's resources?
5
points
Multiple Choice
eBook
PepsiCo's Super Bowl commercials
Print
References
Apple's iPhone manufacturing facility
Amazon's acquisition of Whole Foods
Boeing's supply chain for the 787 Dreamliner aircraft
Deloitte's human resource management procedures
Answer:
Apple's iPhone manufacturing facility
Explanation:
A firm's resources comprise the tangible and non-tangible valuable items it uses in the production process. They include assets, employees, skills, patents, and technology used to manufacture goods and services. In most cases, resources require money to obtain.
Apple's iPhone manufacturing facility is a resource for the Apple company. The resource is used in the production of apple phone services meant for sale. The manufacturing facility is an asset of the company. It is required money to establish it.
Definitions Terms
1. Employees affected by a budget help in preparing it.
2. Planning future business actions and expressing them as formal plans.
3. A comprehensive business plan that includes operating, investing, and financing budgets.
4. Summarizes the effects of investing activities on cash.
5. Shows expected cash inflows and outflows and helps determine financing needs.
6. An approach that requires all expenses to be justified for each new budget.
7. A formal statement of future plans, usually expressed in monetary terms.
8. Approach in which top management passes down a budget without employee input.
Answer:
1. Employees affected by a budget help in preparing it. - PARTICIPATORY BUDGETING.
2. Planning future business actions and expressing them as formal plans. - BUDGETING.
3. A comprehensive business plan that includes operating, investing, and financing budgets. - MASTER BUDGET.
4. Summarizes the effects of investing activities on cash. - CAPITAL EXPENDITURE BUDGET.
5. Shows expected cash inflows and outflows and helps determine financing needs. - CASH BUDGET.
6. An approach that requires all expenses to be justified for each new budget. - ZERO-BASED BUDGET.
7. A formal statement of future plans, usually expressed in monetary terms. - BUDGET
8. Approach in which top management passes down a budget without employee input. - TOP-DOWN BUDGETING.
The point where marginal cost curve crosses the ____________ and ___________ curve is where the profit maximizing quantity demanded (dropping down to the X-axis) and price (going up to the demand curve or average revenue curve and over to the Y-axis) are determined.
Answer:
This question is incomplete, the options are missing and the word "and" between the gaps is wrong and should not be there.
The options are the following:
a) Marginal revenue
b) Average revenue
c) Variable cost
d) Fixed cost
And the correct answer is the option A: Marginal revenue.
Explanation:
To begin with, in the microeconomics theory the marginal analysis is very well known for being one of the reasons why the price is determined in the markets under the laws of economic sciences. Moreover, this marginal analysis focus on the interaction between all the curves that represents the costs and revenues that are related to the consumer of a good or service in a particular market. In the graphic, the point where the marginal cost curve equals the marginal revenue curve is where the profit maximizing quantity demanded and the price are the same and therefore those are the equilibrium numbers.
At July 31, Oriole Company has this bank information: cash balance per bank $8,085, outstanding checks $755, deposits in transit $1,390 and a bank service charge $25. Determine the adjusted cash balance per bank at July 31.
Answer:
The adjusted cash balance per bank at July 31 is $8,720
Explanation:
Adjusted cash balance is the cash balance calculated after required adjustments in the balance as per bank or balance as per record of the entity having that bank account.
Accroding to the bank reconciliation statement
The outstanding checks are deducted from the cash balance as per bank because these are the check issued but not be presented in the bank until the end of a period.On the other hand, the deposit in transit is the cash that is to be received but this balance is in the clearing process of the check.Bank Service charges is already adjusted in the balance as per bank.Adjusted Balance can be calculated as follow
Cash balance as per Bank ______________ $8,085
Less: Outstanding Checks ______________ $755
Add: Deposit in transit _________________ $1,390
Adjusted Cash balance ________________ $8,720
If $30,000 is deposited in a savings account at the end of each year and the account pays interest of 5% compounded annually, what will be the balance of the account at the end of 10 years
Answer:
the balance of the account at the end of 10 years is $377,336.78
Explanation:
The computation of the balance of the account at the end of 10 years is shown below;
Future value = PMT × [((1 + rate of interest)^time period - 1) ÷ rate of interest]
= $30,000 × [((1 + 0.05)^10 -1) ÷ 0.05]
= $30,000 [((1 + 0.62889 - 1) ÷ 0.05
= $30,000 × 12.5779
= $377,336.78
Hence, the balance of the account at the end of 10 years is $377,336.78
Hodgkiss Mfg., Inc., is currently operating at only 91 percent of fixed asset capacity. Current sales are $715,000. Fixed assets are $520,000 and sales are projected to grow to $790,000. How much in new fixed assets are required to support this growth in sales?
Answer:
$2,980
Explanation:
To calculate the amount of new fixed assets required to support project sales, we need to first determine the amount of fixed assets required to support $1 of sales
The sales value at full capacity is;
Full capacity sales = 715,000 / 0.91
Full capacity sales = $785,714
To calculate the $ amount of fixed asset requires to support $1 in sales, we need to first calculate the ratio of fixed asset to sales. The ratio is;
Fixed asset to sales = 520,000 / 785,714 = 0.662
Hence, to support a sales of level of $790,000 the total amount of fixed assets required will be;
Total fixed assets required = $790,000 × 0.662 = $522,980
Therefore, new fixed assets required
= $522,980 - $520,000
= $2,980
Luther Industries has 25 million shares outstanding trading at $18 per share. In addition, Luther has $150 million in outstanding debt. Suppose Luther's equity cost of capital is 13%, its debt cost of capital is 7%, and the corporate tax rate is 40%. Luther's unlevered cost of capital is closest to:_______A) 11.5%B) 10.8%C) 9.8%D) 13.0%
Answer:
B. 10.8%
Explanation:
To get the Market value of equity = 25m x $18 = $450 million
The Market value of debt is given to be = $150 million
To get the weight of equity= 450/600
To get the weight of debt = 150/600
we have Ke as cost of equity= 13%
Such that after tax cost of debt = 7%(1-0.40) = 4.2%
Then the Weighted average cost of capital = We(Ke) + Wd(Kd)
= 450/600 x 13% + 150/600 x 4.2%
This gives us
= 9.75% + 1.05%
Therefore the answer is
= 10.80%
So the option B is correct
Luther's unlevered cost of capital is closest to 10.8%. Therefore, correct response here is option B.
What is the term cost of capital about?
A cost of capital refers to as a return that a company needs to earn in order to achieve the cost of capital of particular project.
Solution:
To get the Market value of equity = 25m x $18 = $450 million
The Market value of debt is given to be = $150 million
To get the weight of equity= 450/600
To get the weight of debt = 150/600
Ke as cost of equity= 13%
Such that after tax cost of debt = 7%(1-0.40) = 4.2%
Then, the Weighted average cost of capital = We(Ke) + Wd(Kd)
Weighted average cost of capital= 450/600 x 13% + 150/600 x 4.2%
Weighted average cost of capital= 9.75% + 1.05%
Weighted average cost of capital=10.80%
Learn more about cost of capital, refer to the link:
https://brainly.com/question/8287701
On May 2, you receive your bank statement showing a balance of $1,641.18. Your checkbook shows a balance of $1,427.15. Outstanding checks are $167.31, $245.66, and $302.56. The account earned $62.11. Deposit in transit amount to $555.61, and there is a service charge of $8.00. Calculate the reconciled balance. CHECKBOOK BALANCE STATEMENT BALANCE Add: Interest Earned & Other Credits Add: Deposits in Transit SUBTOTAL SUBTOTAL Deduct: Services Charges & Other Debits Deduct: Outstanding Checks ADJUSTED CHECKBOOK BALANCE ADJUSTED STATEMENT BALANCE
Answer and Explanation:
The computation is shown below:
Particulars Amount ($) Particulars Amount ($)
Checkbook balance 1,427.15 Statement balance 1,641.18
Add: Interest earned and Add: Deposits in transit 555.26
other credits 62.11
Less: Service charges Less: Outstanding checks (715.53)
and other debits (8.00)
Adjusted checkbook balance 1,481.26 Adjusted statement balance 1,481.26
The outstanding checks would be total of
= $167.31 + $245.66 + $302.56
= $715.53
Tri-coat Paints has a current market value of $41 per share with earnings of $3.64. What is the present value of its growth opportunities (PVGO) if the required return is 9%?
Answer:
the present value of its growth opportunities (PVGO) is $0.56
Explanation:
The computation of the present value of growth opportunities is shown below:
= Price per share - (Earnings ÷ required rate of return)
= $41 - ($3.64 ÷ 9%)
= $41 - $40.44
= $0.56
hence, the present value of its growth opportunities (PVGO) is $0.56
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Year Cash Flow 0 –$5,500 1 1,300 2 1,500 3 1,900 4 1,400 What is the payback period for the set of cash flows given above?
Answer: 3.57 years
Explanation:
Payback period is the amount of time it would take for a project to pay back its initial investment.
Investment = $5,500
Year 1 + 2 + 3 = 1,300 + 1,500 + 1,900 = $4,700
With cash flow of $1,400 coming in fourth year and $800 remaining for payback, investment will be paid back in fourth year.
Payback period = Year before payback + Amount left/ Cashflow in year of payback
= 3 + (5,500 - 4,700) / 1,400
= 3.57 years
In the market for used cars we have 10 sellers, willing to sell at the prices of $1000, $2000, $3000, $4000, $5000, $6000, $7000, $8000, $9000, $10000. What could the market price be in order to induce five sellers to offer their cars for sale?
Answer: $5001
Explanation:
It should be noted that sellers always seek to maximize profit when selling a product, therefore a seller will only be induced to sell only when offered a price that is above the price that they want to sell the car.
Therefore, we have to consider the price that is being offered by the seller as the minimum price. There are five sellers that wants to sell the car at prices of $1000, $2000, $3000, $4000, and $5000. Therefore, to sell the car a price of $5001 would induce the five sellers to offer their cars for sale.
According to a survey of American households, the probability that the residents own 2 cars if annual household income is over $50,000 is 80%. Of the households surveyed, 60% had incomes over $50,000 and 70% had 2 cars. The probability that the residents of a household own 2 cars and have an income over $50,000 a year is:________
Answer: 0.48
Explanation:
The probability that the residents of a household own 2 cars and have an income over $50,000 a year can be calculated by;
= Probability that residents own 2 cars if annual household income is over $50,000 * probability of households earning more than $50,000
= P(Two cars I 50,000+) * P(50,000 +)
= 80% * 60%
= 0.48
Smith Corporation is considering an investment that will cost $10,000 now and will produce cash inflows of $5,000 in year one, $5,000 in year two, and $2,000 in year three. Assuming a discount rate of 8%, what is the net present value of this investment?
A. $1,025
B. $504
C. $180
D. - $126
Answer:
B. $504
Explanation:
The computation of the net present value of this investment is shown below:
Year Cash flow PV factor at 8% Present value
0 -$10,000 1 -$10,000
1 $5,000 0.92593 $4,629.63
2 $5,000 0.85734 $4,286.69
3 $2,000 0.79383 $1,587.66
Net present value $503.99
hence, the correct option is b. $504
Please answer ASAP:
Eve runs a small Business. She runs her business operations from a rented office. Eve has paid the office rent worth $10,000 for the next four months in advance. Under which component of her businesses balance sheet with this amount fall?
A. Current assets
B.fixed assets
C. Current liabilities
D. Long term liabilities
E. Owners equity
Answer:
A. Current assets
Explanation:
Eve has prepaid her rent for the next four months. It means Eve has made payments for a service that she is yet to consume. Prepayments are currents assets. In this case, Eve's landlord owes her four months' worth of rent, only that she does not expect monetary payment.
Because Eve will use the room for four months without payments, the rent prepayment is an asset to the business.
Current assets are the assets convertible to cash in a period of one year or less. Liabilities would be the money Eve owes to third parties.
Answer:
A
Explanation:
it is current assets because she has paid for it in advance and it is a short period of time.
Broussard Skateboard's sales are expected to increase by 25% from $8.6 million in 2016 to $10.75 million in 2017. Its assets totaled $4 million at the end of 2016. Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 75%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year.
Answer:
the additional funds needed is $667,500
Explanation:
The computation of the additional funds by using AFN is shown below:
AFN is
= Increase in assets - increase in liabilities - addition to retained earnings
= ($4,000,000×25%) - ($900,000 × 25%) - 10,750,000 × .04( 1 - 0.75)
= $1,000,000 - $225,000 - $107,500
= $667,500
hence, the additional funds needed is $667,500
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Why is "inventory turns" an important metric?
Explanation:
The metric, number of inventory turns, aims to measure the movement of stock. The higher the turnover, the less time your inventory spends sitting in storage. The number of inventory turns, also known as stock turn, is calculated by taking the value of stock purchased, divided by the value of stock on hand
If a company buys televisions from a manufacturer and then sells them to department stores, it is most probably a _____. A. retailerB. producerC. consumerD.wholesalerE. marketer
Answer:
a retailer
Explanation:
sorry if this is wrong.
Karen Moore is a new employee with Cars R Us. One of her first responsibilities as the new HR Director is to create an incentive program for the organization. Cars R Us specializes in selling and leasing mid-priced vehicles across the United States. The organization has locations in each state in the four main regions of the United States. Recently, however, employee performance has been declining along with the unfortunate decline of car sales.
Before Ms. Moore creates an incentive program, she knows she will need to identify what is best practice for the industry, what the organization has done to reward the employees in the past as well as know what the financial constraints are to the new incentive program. Once completed, she will be able to implement a well-constructed incentive program established with the goals of increasing employee job satisfaction and performance as well as improve the companyâs financial position.
One of the first items on Ms. Mooreâs agenda is to identify the preferred method of earning rewards. In reviewing the results of a recent survey completed by more than 60 percent of the employees, she learns that the employees are competitive and are interested in group incentives programs as well as individual rewards.
Ms. Moore recommends Cars R Us include a _______ system that will provide all employees to receive a portion of the increase in productivity and effectiveness.
A. gainsharing
B. cost
C. equity
D. reduction
E. timesharing
Answer: A. gainsharing
Explanation:
A Gainsharing system is the one that Ms. Moore recommended because it involves providing employees with a portion of the increase in gains accrued from increased productivity and effectiveness.
Gainsharing ensures that employees are motivated to work harder for the company because they get a share if the company improves its productivity so they will have a vested interest in ensuring that the company becomes better.
Suppose $200 is deposited in a savings account at the beginning of each of 15 years and the account pays 8% per annum, the value at the end of 15 years will be about:_________.
Answer:
FV= $5,864.86
Explanation:
Giving the following information:
Annual deposit= $200 at the beginning
Number of periods= 15 years
Interest rate= 8%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
A= annual deposit
FV= {200*[(1.08^15) - 1]}/0.08 + {[(200*(1.08^15)] - 200}
FV= 5,430.42 + 434.44
FV= $5,864.86
The two biggest drawbacks or disadvantages of unrelated diversification are:___________.
a. the difficulties of passing the cost-of-entry test and the ease with which top managers can make the mistake of diversifying into businesses where competition is too intense.
b. the difficulties of capturing financial fit and having insufficient financial resources to spread business risk across many different lines of business.
c. demanding managerial requirements and limited competitive advantage potential that cross-business strategic fit provides.
d. ending up with too many cash hog businesses and too much diversity among the competitive strategies of the businesses it has diversified into.
e. the difficulties of achieving economies of scope and conflicts/incompatibility among the competitive strategies of the company's different businesses.
Answer:
c. demanding managerial requirements and limited competitive advantage potential that cross-business strategic fit provides.
Explanation:
An unrelated diversification can be defined as a situation in which an existing business or company enters or invest in an entirely new business or industry that do not have any similarity whatsoever with its original business or product line. For example, an automobile manufacturing company that decides to acquire or invest in a clothing or shoe business.
Hence, the two biggest drawbacks or disadvantages of unrelated diversification are demanding managerial requirements and limited competitive advantage potential that cross-business strategic fit provides.
Also, the difficulties in successfully managing a collection of unrelated different business and having minimal competitive advantage potential over its rivals in the industry that cross-business strategic fit provides is another disadvantage of unrelated diversification
You would like your child, who was born today, to attend a private university for 4 years beginning at age 18. Tuition is currently $20,000 per year and has increased 5% annually. Your after-tax rate of return is 8%. How much must you save at the end of each year if you would like to make your last payment at the beginning of your child's first year of college?
Answer:
Annual deposit= $5,539.52
Explanation:
First, we need to calculate the total worth of the 4 years tuition 18 years from now:
FV= PV*(1+i)^n
Year 1= 20,000*1.05^18= 48,132.39
Year 2= 48,132.39*1.05= 50,539
Year 3= 50,539*1.05= 53,065.95
Year 4= 53,065.95*1.05= 55,719.25
Total FV= $207,456.59
Now, using the following formula we can determine the annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (207,456.59*0.08) / [(1.08^18) - 1]
A= $5,539.52
If Andy Pforzheimer, owner of Barcelona Restaurants, were to argue with one of the restaurant managers over whether it was more important to focus on staffing the chef positions or to focus on having the wait staff in the restaurant perform well, what would be the source of their conflict?
Answer:
The answer is "Differing task goals".
Explanation:
In this question, two tasks are identified, that focus on producing the cook's posts as well as the waiting staff in the restaurant are both performing well, that's why we choose the different task goals process, mostly with two or more parties having various organization's goals to increase customer satisfaction, whereas other income benefits, for both parties.