Answer:
$85,900
Explanation:
The balance in the account payable at the end of March is computed as;
= Beginning balance of account payable + purchase made - paid amounts of its account payable balance
= $78,300 + $45,500 - $37,900
= $85,900
Please note that the amount for services to be provided in the future is not in anyway related to account payable, thereby must be excluded.
East Bay Semiconductor, Inc., currently a small private company, plans to go public via an initial public offering (IPO) and will issue 10 million shares of stock. It is hoping to sell the shares for an offer price of $25. It hires an investment bank, which suggests that the offer price for the stock should be $20 per share to ensure that all the shares can be easily sold. 5. What is the advantage of following the advice of the investment bankers? What is the disadvantage? Is the investment bank’s incentive to sell the shares aligned with the incentives of East Bay Semi? What trade-off does East Bay Semi face in this decision regarding the issue price? Briefly explain
Answer:
What is the advantage of following the advice of the investment bankers? What is the disadvantage?
Whenever a small company decides to carry out an IPO, the risk of not selling all the stocks exists and it has happened many times before. East Bay's executives probably believe that their company is the next Apple or Microsoft, or any other super huge high tech corporation. But the reality is that it is not. If the IPO goes on and not all the stocks are sold, the stock price will plummet by the end of the trading day.
On the other hand, maybe East Bay in a couple of years will be worth more than Tesla, Amazon or any other top corporation, and pricing their stocks too low will only result in losing money.
Actually, no two analysts in the world ever agree on the exact intrinsic price of stocks. Even though math should be the same and they all use the same formulas, several factors are considered differently.
The amount of money withheld from an employee's paycheck is...
A.Payroll deductions
B.Levied taxes
C.FICA
D.Gross earnings
Answer:
A.Payroll deductions
Explanation:
Withholding is the action by employers to retain a portion of an employee's salary for a specific function. Money withheld does not get to the employee bank's account. The amount withheld is shown in the pay stub, but the employee will not access it.
Employers collect the amounts withheld and remit them to the concerned agency. Deductions are usually a percentage of the employee's gross pay.
Which of the following is the most important factor contributing to the specialization of the architect and engineer roles into separate functions?
Specialization ensures that no one person is the only knowledgeable person on a project.
Specialization assists with more precise budget projections.
Specialization ensures one role is not more important than the other roles on a project. Specialization better ensures plans are implemented more efficiently.
Answer:
Its Making budget is working on a company on a city that the budget is high to pay you the boss of the company. I prefer working in the city
Think about a recent order you made (pizza, book, clothes, shoes, etc) online or over the phone. Describe the processes used in taking an order, filling the order, and receiving payment. Create a flowchart showing the steps used. Then, create a second flowchart indicating where you would recommend improvements to the processes and why.
Answer:
Attached below is the required flowchart
Explanation:
Process used in placing an order
Registration/signing up of user selection of goods by userProcess for filing the Order
picking the exact quantity and type of goods placing order on selected items checking outprocess for receiving payment
Paying for goods that are Pay before delivery Cancellation of order incase order was not fulfilledwhich of the following is an example of business related financial information:
pay stub
school-loan document
accounts recievable record
sales reciept from purchasing a new mattress
Answer:
accounts recievable record
Explanation:
Accounts receivable record shows the amount of money customers owe a business. It arises when a company sells goods or services to customers on credit. Accounts receivable is a financial record, as it records commercial transactions between a firm and its customers.
Accounts receivables are treated as assets in the financial records of a business.
A downside of social media is that:
Answer:
People tend to talk to other people they don't know, which could cause serious problems
Explanation:
Answer:
That there are big hacker that can steal your info and also that people can know everything about you in just one video or on picture. It just pure scary
Explanation:
Your Welcome (; (:
Refer to the portions of the 2018 and 2019 balance sheets provided below. Calculate the change in net working capital during the year 2019. 2018 2019 2018 2019 Cash $360 $710 Notes Payable $510 $550 Accts. Receivable $1,190 $1,070 Accounts Payable $720 $830 Inventory $840 $930 Long Term Debt $1,180 $1,090
Answer:
$1,330
Explanation:
Change in net working capital during the year 2019 is computed as
= Current assets - Current liabilities
Current assets 2019 = Cash $710 + Accounts receivables $1,070 + Inventory $930
Current assets = $2,710
Current liabilities 2019 = Notes payable $550 + Accounts payable $830
Current liabilities = $1,380
Therefore,
Change in net working capital during the year 2019
= $2,710 - $1,330
= $1,330
What is the default view in word document
Answer:
When you open one of your business documents in Microsoft Word 2010, it is displayed in the Print Layout view, which is the default view. You can change the view at any time. If you find that you are having to change the view every time you open a document, you can save time by modifying the default open view in Word.
Explanation:
Answer:
EDITING VIEW
Explanation:
Smith Company exchanges assets to acquire a building. The market price of the Smith stock on the exchange date was $35 per share and the building's book value on the books of the seller was $250,000. Which of the following journal entries is correct for Smith Company when Smith issues 10,000 shares of $10 par value common stock and pays $20,000 cash in exchange for the building?
A) The common stock account increases by $100,000.
B) The building account increases by $370,000.
C) Stockholders' equity increases $350,000.
D) The additional paid-in capital account increases by $100,000.
Answer:
B) The building account increases by $370,000.
Explanation:
Since the per share value is $35
Also the 10,000 shares are issued at $10 and pays $20,000 in exchange of building
So the building account would be increased by
= 10,000 shares × $35 + $20,000
= $350,000 + $20,000
= $370,000
hence, the correct option is B.
What is profit motive
Answer:
the desire for financial gain as an incentive in economic activity.
Northern Company has bonds with an amortized cost of $600,000. At the end of the first reporting period, the bonds had a fair value of $675,000. 2 days after the end of the first reporting period, the bonds have a fair value of $680,000 and Northern decides to sell the bonds. Northern properly classifies these bonds as trading securities. Prior to recording the sale, the journal entry to adjust the bonds to fair value includes (Select all that apply.)
Answer:
we are not given any options, so I will show you the adjusting journal entry:
Dr Investment in bonds 75,000
Cr Unrealized holding gains 75,000
Northern actually made a profit by simply holding these bonds since they appreciated from $600,000 to $675,000, but it cannot record the gains immediately until they are sold. That is why unrealized holding gains is credited.
A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. The freight charge, $500, was added to the invoice amount. On June 20, it returned $800 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:
Answer:
the cash paid as on June 24 is $9,424
Explanation:
The computation of the cash paid as on June 24 is as follows:
= Merchandise cost + Freight charge - Purchase returns - Discount Eligible at 3%
= $10,000 + $500 - $800 - [($10,000 - $800) × 0.03]
= $10,000 + $500 - $800 - $276
= $9,424
Hence, the cash paid as on June 24 is $9,424
A car dealer acquires a used car for $20,000, terms FOB shipping point. Additional costs in obtaining and offering the car for sale include: $120 for transportation-in. $130 for insurance during shipment. $710 for import duties. $140 for advertising. $1,000 for sales staff salaries. For computing inventory, what cost is assigned to the used car
Answer:
17,900
Explanation:
you just add them all together than subtract it from 20k
Answer:
Included in Inventory Cost:
Cost:20,000
Transportation in:120
Import Duties:710
Insurance during shipment:130
Expensed as incurred:
Advertisement:140
Sales Staff salaries:1,000
Explanation:
Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 70.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 70.0 when he fully retires, he will begin to make annual withdrawals of $195,078.00 from his retirement account until he turns 94.00. After this final withdrawal, he wants $1.37 million remaining in his account. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be
Answer:
X = $25,717.13 is the contribution amount that Derek has to plan.
Explanation:
Solution:
Assumption = Interest rate = 4%
Amount required at the age of 70 = value of all withdrawals
So, he will be making withdrawals until 94 years of age.
94 - 70 = 24
Annual Withdrawals = $195,078.00
Interest Rate = 4%
Period = 24 years.
Putting these values into the PVAF function, you will get:
PVAF(4%,24 years) = 15.24
So,
Amount required at the age of 70 = $195,078 x 15.24
Amount required at the age of 70 = 2972988.72
And now, we need to find the amount needed at the age of 65.
Amount required at the age of 65 = Present Value at the age of 65
Amount required at the age of 65 = 2972988.72 x PVF (4%,5 years)
PVF (4%,5 years) = 0.822
Amount required at the age of 65 = 2972988.72 x 0.822
Amount required at the age of 65 = $2443796.72
Let suppose, annual contribution = x
X*[{(1+0.04)40-1]}/0.04] = $2443796.72
95.026X = $2443796.72
X = $25,717.13 is the contribution amount that Derek has to plan.
The present value of $40,000 to be received in two years, at 12% compounded annually, is (rounded to nearest dollar)
Oa. $40,000
Ob. 58,112
Oc. $31,888
Od. $48,112
Answer:
c. $31,888
Explanation:
The formula for calculating the present value is as below
Pv = FV x { 1/ (1+ r)^n }
Pv = $40,000 x { 1/ (1 +0.12)^2
Pv =$40,000 x (1/1.2544)
Pv =$40,000 x 0.7971938
Pv =$31,887.50
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding Customizing TotalEstimated total machine-hours (MHs) 9,000 3,600 12,600Estimated total fixedmanufacturing overheadcost $36,000 $13,320 $49,320Estimated variablemanufacturing overheadcost per MH $2.50 $3.00During the most recent month, the company started and completed two jobs--Job C and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job C Job MDirect materials $16,700 $9,900Direct labor cost $23,400 $10,300Molding machine-hours 2,700 6,300Customizing machine-hours 3,000 600Required:Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments. Further assume that the company uses a markup of 20% on manufacturing cost to establish selling prices. Calculate the selling prices for Job C and for Job M.
Answer:
Selling price for Job C $93,300
Selling price for Job M $78,204
Explanation:
The computation of the selling prices for Job C and for Job M is given below:
But before that following calculations need to be done
Departmental overhead rates:
Molding 6.50 (2.5 + (36000 ÷ 9000))
Customizing 6.70 (3 + (13320 ÷ 3600)
Particulars Job C Job M
Direct materials $16,700 $9,900
Direct labor cost $23,400 $10,300
Overhead applied:
Molding $17,550 $40,950
(2700 × 6.50) (6300 × 6.50)
Customizing $20,100 $4,020
(3000 × 6.70) (600 × 6.70)
Total manufacturing cost $77,750 $65,170
Add: Markup at 20% $15,550 $13,034
Selling price $93,300 $78,204
what are business letters
Beachballs, Inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. After the 3-year period, their growth will level off to its normal rate of 6%. Dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. The last dividend paid was $1.00. If an investor requires a 10% return on Beachballs, the price she is willing to pay for the stock is closest to:
Answer: $36.50
Explanation:
The price she will be willing to be paid according to the Dividend Discount model is calculated by finding the present value of the future dividends and the terminal value.
Dividend year 1 = 1 * (1 + 20%) = $1.20
Dividend year 2 = 1.20 * (1 + 20%) = $1.44
Dividend year 3 = 1.44 * (1 + 15%) = $1.656
Terminal value = Dividend in year 4 / (required return - growth rate)
= (1.656 * (1 + 6%)) / ( 10% - 6%)
= $43.884
[tex]Price = \frac{1.2}{(1 + 0.10)} + \frac{1.44}{(1 + 0.10)^{2} } + \frac{1.656}{(1 + 0.10)^{3} } + \frac{43.884}{(1 + 0.10)^{3} }\\\\= 36.4959\\\\= 36.50[/tex]
= $36.50
What is the main difference between private and government consumer advocacy employers?
a. working directly with consumers
b. who is allowed to work for them
c. funding resources
d. allowance of lobbyism
Answer:
C. funding resources
Your welcome :)
What do externalities indicate?
a. resource immobility
b. a market failure
c. a lack of information
d. public goods
Answer:
They indicate B. A market failure
A company issues a callable (at par) five-year, 7% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. On release, it has a price of $110 per $100 of face value. What is the yield to worst of this bond in percentage when it is released
Answer:
the worse case scenario is that the bond yields -2.73%
Explanation:
the worst case scenario is that the bonds are called one year after they are issued.
you invest $110 today
in one year, you will receive $100 + $7 = $107
your holding period return = ($107 - $110) / $110 = -0.02727 ≈ -2.73%
generally callable bonds are sold at lower prices than regular bonds, so a situation like this is very unlikely since the issue price should probably be lower.
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 91,900 Indirect materials issued to production 11,900 Total materials issued to production 134,000 Beginning materials inventory 54,000 The debit to the Factory Overhead account is: Multiple Choice
Answer:
i would think from around 50k
to 100k
Explanation:
An index consists of the following securities and has an index divisor of 3.0. What is the price-weighted index return? Stock Shares Outstanding Begin Price End Price A 4,500 $ 20 $ 25 B 7,000 $ 15 $ 12 C 3,000 $ 28 $ 35
Answer:
14.29%
Explanation:
Calculation for the price-weighted index return
Price-weighted index return = [($25 + $12 + $35)/3] - [($20 + $15 + $28)/3]/[($20 + $15+ $28)/3]
Price-weighted index return =[($72/3)-($63/3)]/($63/3)
Price-weighted index return =($24-$21)/$21
Price-weighted index return =$3/$21
Price-weighted index return =0.1429*100
Price-weighted index return =14.29%
Therefore the Price-weighted index return will be 14.29%
Which factor has had a large impact on the decline of employment in the newspaper, periodical, book, and directory publishing industry? reading ability among U.S. citizens lack of interest in news coverage emergence of digital media all of the above
The answer is periodical and if it is not that then i am sure that it would be book.
Hope this helps !
Answer:
emergence of digital media
Explanation:
Manufacturing overhead for the month was overapplied by $3,600. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts. The work in process inventory at the end of March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: (Round intermediate percentage computations to the nearest whole percent.)
Answer: $19,648
Explanation:
This question is missing details that I could not find so I will answer with a similar question. You can use it to answer yours.
Work in process inventory at the end of March= Work in Process - Overapplied Manufacturing overhead overhead allocated to WIP
Percentage of overhead that went towards WIP:
= Manufacturing overhead applied to WIP/ Total overhead
= 5,830 / 51,920
= 11% (nearest whole percent)
Overapplied Overhead going allocated to WIP:
= Percentage of overhead to WIP * Overapplied overhead for the month
= 11% * $4,200
= $462
Work in process inventory at end of March = 20,110 - 462
= $19,648
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. $ 520,000 $ 385,000 $ (135,000 ) ANC Corporation 470,000 520,000 50,000 Totals $ 990,000 $ 905,000 $ (85,000 ) Long term: Drake Corporation $ 520,000 $ 580,000 $ 60,000 Aaron Industries 700,000 680,000 (20,000 ) Totals $ 1,220,000 $ 1,260,000 $ 40,000 Required: 1. Prepare appropriate adjusting entries 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 and Explanation:
1. The adjusting entry is
Net unrealised holding gain or loss $45,000 ($85,000 - $40,000)
To Fair value adjustment $45,000
(being net unrealized holding gain or loss is recorded)
2. In the income statement, the amount that should be reported is zero as the net unrealized gain or loss would be reported as an other comprehensive income also it is a part of the stockholder equity
Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an activity-based costing system. In preparation for the possible switch, Bunker has identified two activity cost pools: materials handling and setup. Pertinent data follow: Fabric Case Leather Case Number of labor hours 15,000 9,000 Number of material moves 440 660 Number of setups 40 80 Total estimated overhead costs are $150,000, of which $110,000 is assigned to the materials handling cost pool and $40,000 is assigned to the setup cost pool.
Answer:
$93,750
Explanation:
Required: "Calculate the overhead assigned to the fabric case using the traditional costing system based on direct labor hours."
Total estimated overhead costs (A) = 150,000
Total labor hours (B) = 15,000 + 9,000 = 24,000
Overhead allocation rate (C) = A/B = 150,000/24,000
Overhead allocation rate (C) = $6.25 Per labor hour
Total labor hours used by Fabric case (D) = 15,000 Hours
Overhead assigned to the fabric case (C*D) = $6.25 Per labor hour * 15,000 Hours = $93,750
Crane Company, a computer services company, entered into these transactions during May 2017, its first month of operations.
1. Stockholders invested $32,000 in the business in exchange for common stock of the company.
2. Purchased computers for office use (recorded as Equipment) for $26,600 from Ladd on account.
3. Paid $5,500 cash for May rent on storage space.
4. Performed computer services worth $18,400 on account.
5. Performed computer services for Wharton Construction Company for $5,300 cash.
6. Paid Western States Power Co. $8,500 cash for energy usage in May.
7. Paid Ladd for the computers purchased in (2).
8. Incurred advertising expense for May of $1,800 on account.
9. Received $10,200 cash from customers for contracts billed in (4).
Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the far right column.
Assets Liabilities Stockholders Equity
Cash + Accounts + Equipment = Accounts + Common + Retained Earnings
Receivable Payable Stock Revenue Expenses
Using the following tabular analysis to show the effect of each transaction on the accounting equation is as follows:
Assets = Liabilities + Stockholders Equity
No. Cash + Accounts + Equipment = Accounts + Common + Retained
Receivable Payable Stock Earnings
Revenue Expenses
1. $32,000 $32,000
2. $26,600 $26,600
3. -$5,500 -$5,500
4. $18,400 $18,400
5. $5,300 $5,300
6. -$8,500 -$8,500
7. -$26,600 -$26,600
8. $1,800 -$1,800
9. $10,200 -$10,200
$6,900 $8,200 $26,600 $1,800 $32,000 $23,700 -$15,800
Summary of transactions:Total Assets = $41,700 ($6,900 + $8,200 + $26,600)
Liabilities = $1,800
Common Stock = $32,000
Net Income = $7,900 ($23,700 -$15,800)
Total liabilities and equity = $41,700
Transaction Analysis:1. Cash $32,000 Common stock $32,000
2. Equipment $26,600 Accounts Payable (Ladd) $26,600
3. Rent expenses $5,500 Cash $5,500
4. Accounts Receivable $18,400 Service Revenue $18,400
5. Cash $5,300 Service Revenue $5,300
6. Utility expense $8,500 Cash $8,500
7. Accounts Payable (Ladd) $26,600 Cash $26,600
8. Advertising Expense $1,800 Accounts Payable $1,800
9. Cash $10,200 Accounts Receivable $10,200
Thus, the accounting equation remains in the balance after each transaction.
Learn more about the accounting equation at https://brainly.com/question/24401217
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Suppose the price elasticity of demand for cigarettes is -0.8 and that the government can essentially set the price of cigarettes by altering the tax rate. If the government wishes to reduce the quantity of cigarettes demanded by 15 percent, how much must it raise the price of cigarettes? The government, to achieve its goal, must raise the price of cigarettes by nothing percent. (Enter your response rounded to two decimal places.)
Answer: 18.75%
Explanation:
Price elasticity of demand shows the change in quantity demanded as a result of a change in price.
If the price elasticity is negative, it means that quantity demanded and price move in opposing directions. If prices increase, quantity demanded decreases and vice versa.
Price elasticity of demand = Change in quantity demanded / Change in price
-0.8 = - 15% / x
-0.8x = -15%
x = -15% / -0.8
= 18.75%
You are the owner of a winter sporting goods store and recently purchased a shipment of 60 sets of snowboards and snowboard bindings at a total cost of $29,000. (You were unable to purchase separately, and the smallest order was for a set of 60.) The community in which your store is located consists of many different types of snowboarders, ranging from expert to beginners. From historical data, you know that different snowboarders value snowboards and bindings differently. However, you cannot profitably price discriminate because you cannot prevent resale (arbitrage). Market research shows there are about 20 advanced snowboarders who value snowboards at $350 and bindings at $250, 20 intermediate snowboards who value snowboards at $250 and bindings at $275, and 20 beginning snowboarders who value snowboards at $175 and bindings at $325. Compare the profits earned under the following two pricing strategies: Selling snowboards and bindings separately at the profit-maximizing prices Bundling snowboards and bindings and selling for one price
Answer:
Profits Comparison:
Sold Separately Bundled
Revenue $32,500 $30,000
Costs 29,000 29,000
Profits $3,500 $1,000
The calculations show that it is far better to sell the snowboards and bindings separately at the profit-maximizing prices than bundling them and selling for one price.
This is because, if the single price is more than $500, the beginners might not buy the items and they will remain unsold.
Explanation:
a) Data and Calculations
Cost of purchase of 60 sets of snowboards and snowboard bindings = $29,000
Unit cost of a set of snowboard and binding = $483.33 ($29,000/60)
Snowboarders Advanced Intermediate Beginners Average
Number 20 20 20
Snowboards $350 $250 $175 $258.33
Bindings 250 275 325 $283.33
Total $600 $525 $500 $541.66
Total revenue: Total
when sold separately $12,000 $10,500 $10,000 $32,500
Total revenue:
when bundled at a price (for example $500 for each) = $30,000 ($500 * 60)
Sold Separately Bundled
Revenue $32,500 $30,000
Costs 29,000 29,000
Profits $3,500 $1,000