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Related Questions
An extended warranty contract (Select all that apply.) provides protection beyond the manufacturer's original warranty. is considered an integral part of the related product. essentially constitutes a separate performance obligation.
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Answer:
provides protection beyond the manufacturer's original warranty.
essentially constitutes a separate performance obligation.
Explanation:
An extended warranty contract can be defined as an elongation of the coverage period on a service agreement between a manufacturer and the customer.
An extended warranty contract;
1. provides protection beyond the manufacturer's original warranty.
2. essentially constitutes a separate performance obligation.
During 2019, Rainbow Umbrella Corp. had sales of $820,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $575,000, $90,000, and $160,000, respectively. In addition, the company had an interest expense of $100,000 and a tax rate of 21 percent. (Assume that interest is fully deductible.) Suppose the company paid out $57,000 in cash dividends. If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what was the net new long-term debt?
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Answer:
$2000
Explanation:
The computation of the net new long term debt is shown below:
Before that we need to do the following calculations
Sales $820,000
Less:
Cost of Goods sold $575,000
administrative and selling expenses $90,000
Depreciation $160,000
EBIT -$5,000
less: Interest $100,000
Taxable income –$105,000
Taxes (21%) 0
Net income -$105,000
Now Operating cash flow is
= EBIT + Depreciation -Taxes
= -$5,000 + 160,000 - 0
= $155,000
As we know that
Change in NWC = Net capital spending = Net new equity = 0
Cash flow from assets = OCF – Change in NWC – Net capital spending
where,
Cash flow from assets is
= $155,000 - 0 - 0
= $155,000
Cash flow to stockholders is
= Dividends - Net new equity
= $57000 - 0
= $57000
Cash flow to creditors = Cash flow from assets - Cash flow to stockholders
= $155000 - 57000
= $98,000
Cash flow to creditors = Interest - Net new LTD
Net new LTD = Interest - Cash flow to creditors
= $100,000 - 98,000
= $2000
If the purpose of your message is to ask local businesses to sponsor your event, your desired outcome would most likely be
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Answer:
the business will provide finance for the event
Explanation:
When messages are sent to business, local or international, to sponsor events, it is more often than not thought to be a request fro financial backing or financial muscle for the event. For this reason, the business being courted does not involves itself in the event but rather provides financial aid and maybe send out company representatives to see the event if necessary.
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International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.
True False
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Answer: True
Explanation:
International trade is simply exchange of goods and services that take place between countries. It should be noted that gloabl trading gives the countries and the consumer opportunity through which they're exposed to the produfte that they don't have in their countries.
International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.
This is True
To pay for investment advice from financial consultants Smith and Jones, Tony signs a check payable to "Smith or Jones." A proper indorsement of the check is: a.not possible. b."Smith" and "Jones" only. c."Smith" only, or "Jones" only, but not "Smith" and "Jones." d."Smith" only, or "Jones" only, or "Smith" and "Jones."
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Answer:
to Smith only, or Jones only, or Smith and Jones
Explanation:
In this specific scenario, a proper indorsement of the check would be to Smith only, or Jones only, or Smith and Jones. That is because a check needs to be as specific as possible and cannot have various options. The check needs to be made to a single specific individual and if it is for more than one individual then both need to be included as a requirement (and). Making it so that both recipients must cash the check together for it to be accepted.
Debt that is callable by the creditor in the upcoming year, but is not expected to be called, is reported as
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Answer: current liability
Explanation: Callable debts are simply called bonds (an investment instrument whereby an individual or investor loans a certain amount to an organization in other to finance a project or business that yields profit) which the creditor or issuer call of or terminate a bond before it reaches maturity usually due to decline or decrease in the interest rate on investment, which could have fallen below or seem illogical given the Interst rate in the bond. As such, bonds which are Callable are reported as current liabilities even when they are not expected to be called as current liabilities should include all of an organization's debt or liabilities which should be cleared within 12 months(current fiscal year).
On June 1, 2016, Enne Brahtz Corporation received $3,600 as advance payment for 12 months' advertising. The receipt was recorded as a credit to Unearned Fees. What adjusting entry is required on December 31, 2016?
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Answer:
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Explanation:
The adjusting entry is shown below;
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account
The six months could be computed from June 1 to December 31
The adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.
Date Account titles and Explanation Debit Credit
Unearned Fees $1,800
($3,600 × 6 months/ 12 months)
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
In conclusion, the adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.
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What is an Incentive?
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Answer:
It gives u a motive to do something
Explanation:
Like sometimes work places give incentives like a raise if you do your job better
An object, valuable item, desired action, or event is referred to as an "incentive" if it prompts an employee to engage in more of the activity that the employer wanted them to by way of the selected incentive.
What is a good incentive for employees?Cash presents and experiences are the top three rewards. Gifts can include things like electronics, ride-share credits, and gift cards. Perks like tickets to concerts, festivals, and sporting events are examples of experiences. Your incentives must inspire employees.
When it comes to employees, incentives and rewards at work are advantageous to both workers and employers. Employee morale, job satisfaction, and motivation to help organizations achieve their objectives can all be improved by praising employees for their performance and productivity.
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Eve's apples opened its business on january 1, 2018, and paid for two insurance policies effective that date. The liability policy was $34,200 for 18 months, and the crop damage policy was $14,700 for a two-year term. What is the balance in eve's prepaid insurance as of december 31, 2018
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Answer:
Balance in Prepaid insurance as of December 31 is $18,750
Explanation:
Computation of Prepaid Insurance
Insurance 1 ($34,200 * 6/18) $11,400
Insurance 2 ($14,700 * 12/24) $7,350
Total Prepaid Insurance $18,750
If the price of cocoa rises by 20 percent, the quantity supplied of cocoa rises by 4 percent. What is the elasticity of supply?
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Answer: 0.2
Explanation:
Elasticity of supply shows the responsiveness to the quantity supplied for a good or service to changes in market price. Supply is Elastic if its elasticity is greater than 1 and inelastic if elasticity is less than 1
Elasticity of supply = Percentage change in quantity supplied / Percentage change in Price
= 4%/ 20%
=0.2 which is inelastic.
On January 1, 2019, when its $30 par value common stock was selling for $80 per share, Ayayai Corp. issued $11,700,000 of 8% convertible debentures due in 20 years. The conversion option allowed the holder of each $1,000 bond to convert the bond into five shares of the corporation’s common stock. The debentures were issued for $12,636,000. The present value of the bond payments at the time of issuance was $9,945,000, and the corporation believes the difference between the present value and the amount paid is attributable to the conversion feature. On January 1, 2020, the corporation’s $30 par value common stock was split 2 for 1, and the conversion rate for the bonds was adjusted accordingly. On January 1, 2021, when the corporation’s $15 par value common stock was selling for $135 per share, holders of 30% of the convertible debentures exercised their conversion options. The corporation uses the straight-line method for amortizing any bond discounts or premiums.1. Prepare the entry to record the original issuance of the convertible debentures. Account Titles and Explanation Debit Credit Cash 12420000 Premium on Bonds Payable 920000 Bonds Payable 11500000 2. Prepare the entry to record the exercise of the conversion option, using the book value is required,Account Titles and Explanation Debit Credit Bonds Payable Premium on Bonds Payable 220800 Common Stock Paid-in Capital in Excess of Par - Common Stock
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Answer:
cash 12,636,000
convertible bonds payable 11,700,000 credit
premium on convertible bonds 936,000 credit
--to record the issuance--
convertible bonds payable 3,510,000 debit
premium on convertible bonds 252,720 debit
common stock 526,500 credit
additional paid-in common stock 3,236,220 credit
--to record the exercised bonds---
Explanation:
the issuance will be:
cash for the amount received
then convertible bonds payable for 11,700,000
and a premium between their face value and the market price.
12,636,000 - 11,700,000 = 936,000
IN 2020 the bonds are now convertible to 10 shares of $15 as a product of the sotkc-split
Jan 1st 30% are exercised:
bonds exercised:
11,700,000 x 30% = 3,510,000
premium at jan 1st 2021:
936,000 / 20 years x 18 years left = 842,400
Then we calculate 30%: 842,400 x 0.30 = 252,720
common stock:
3,510,000 / 1,000 per bonds x 10 shares per bonds = 35,100 new shares
35,100 x $15 = 526,500 common stock
additional paid-in common stock:
we solve for the difference:
book value of the bonds less common stock face value
(3,510,000 + 252,720) - 526,500 = 3.236.220
Buying a franchise might be a good decision for someone who _____. a. wants to create a new product or service b. doesn’t want to work long hours c. doesn’t have experience developing management systems d. likes to work alone without many rules and regulations Please select the best answer from the choices provided A B C D
Answers
Answer:
its C
Explanation:
i got it right on edge
Buying a franchise might be a good decision for someone who doesn’t have experience developing management systems. The appropriate response is option C.
What is a franchise ?A franchise is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system.
You can run a business if you buy a franchise as an investor or franchisee. You receive a format or system created by the business (franchisor), the right to use its name for a predetermined period of time, and help in exchange for paying a franchise fee.
Due to the pool of support provided by the franchisor and network of other franchisees, a small firm with a franchise is better able to compete with large corporations than a small business operating independently. In your territory, you often have exclusive rights.
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Select the qualification that is best demonstrated in each example. Carmen is a Parts Salesperson who has a professional attitude and speaks well to customers. Norma is a Farm Equipment Mechanic who is good at identifying why a piece of machinery is not working. Everett is an Agricultural Equipment Operator who works well alone and stays focused.
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Answer:
its communication skills Problem-solving skills independence
Explanation:
Carmen: Demonstrates excellent communication skills and professional attitude.
Norma: Demonstrates strong problem-solving skills and expertise in diagnosing mechanical issues.
Everett: Demonstrates the ability to work independently and maintain focus on the task at hand.
What are communication skills?Communication skills refer to the ability to convey information effectively and efficiently through verbal and nonverbal means. These skills include listening, speaking, writing, and presenting in a clear, concise, and compelling manner.
Good communication skills also involve being able to tailor the message to the audience and being able to understand and interpret the messages of others.
Other important communication skills include the ability to ask good questions, provide feedback, resolve conflicts, and build relationships. Effective communication is essential in both personal and professional settings and is a key component of success in many areas of life.
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When the mortgage rates get high, the housing market will collapse, as fewer people will take loans for buying houses because of higher interest rates, and this will result in a
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A new per unit tax on yacht production decreases the supply of yachts. If yachts are elastically demanded, what will happen to total revenues from yacht production?
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Answer:
Total revenue would fall
Explanation:
The decrease in the supply as a result of the unit tax would lead to an increase in the price of yacht.
Since the demand for yacht is elastic, the demand for yacht is sensitive to price. As a result of the rise in price, the quantity demanded of yachts would fall. As a result, total revenue would fall
Elastic demand means that quantity demanded is sensitive to price changes. A small change in price would lead to a greater change in quantity demanded.
While producing on the production possibilities frontier, if additional units of a good could be produced at a constant opportunity cost, the production possibilities frontier would be
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Answer:
a straight line
Explanation:
The Production possibilities frontier is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
If opportunity cost was constant, there would be no trade off between goods, so the curve would be a straight line
At the end of Year 1 Bowers Company had $6,000 of assets, $2,000 of liabilities, $3,000 of common stock, and $1,000 of retained earnings. During Year 2 Bowers experienced the following events.
(1) Borrowed $4,000 cash.
(2) Earned $5,000 of cash revenue.
(3) Paid $3,000 of cash expenses.
(4) Paid $7,000 cash to purchase land
a. what is net income
b. what is CF from IA
c. what is total L?
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Answer:
a.$2,000
b.($7,000)
c.$2,000
Explanation:
Calculation of Net Income
Revenue $5,000
Less Expenses ($3,000)
Net Income or (Loss) $2,000
Cash Flow from Investing Activities
Purchases of Land ($7,000)
Net Cash from Investing Activities ($7,000)
Calculation of Total Liabilities
Opening Balance (Year 1) $2,000
Cash Borrowed during Year 2 $4,000
Total Liabilities $6,000
do you think we need to prioritize a want ?justify
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Answer:
I don't think we should prioritize want
Explanation:
This question is more or less an opinion where there's no right or wrong answers.
However, I'll answer your question from my own personal view of want.
I think we do not need to give priorities to wants because, our wants, according to economics are insatiable and unlimited. Meaning that, when you give priorities to an unlimited entity called want, you will not get satisfaction due to the fact that they are unlimited.
In other words, the moment you achieve one of your wants; you will be be presented with another set of wants.
What is the name of the practice that consists of requiring pickers to gather the items for several orders at once, but keep them separate in separate totes?
Answers
Answer: Batch picking
Explanation:
Batch picking is the practice that consists of requiring pickers to gather the items for several orders at once, but keep them separate in separate totes.
It should be noted that in batch picking, a batch of orders are picked by a single picker and this typically help in the reduction of making constant repeated trips to same location
An affiliate of an issuer that holds control stock for five months sells 1,000 shares for a $10,000 profit. How will this transaction be treated
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Answer:
The Profit will be given to the insurer after been removed from the affiliate .
Explanation:
Based on the information given this transaction be treated by removing the profit which is the amount of $10,000 from the affiliate which is an affiliate of the insurer and then given the insurer the profit amount of $10,000 which was removed from the affiliate reason been that the control stock was been holds by the affiliate for five months in which it was later sold which means that the control stock was sold before the six month holding period.
Therefore the Profit will be given to the insurer after been removed from the affiliate .
On freeways, passing other vehicles... Is a way of showing who is "king of the road". Should be avoided at all costs. Prevents one from becoming drowsy. Is an essential component of driving.
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Answer:
is an essential component of driving
Explanation:
On freeways, passing other vehicles is an essential component of driving. On a freeway, there are a variety of lanes with each lane specified for a specific speed range which moves from slowest (far right lane) to fastest (far left lane). Many times individuals may not follow these speeds and other drivers must learn how to successfully pass these vehicles safely and correctly if they are driving in freeways.
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What do you want to be when you grow up? Why?
Answers
Answer:game designer. reason: i love video:games
Explanation:
Answer:
a vet person
Explanation:
Adam, dianna, and loretta are engaged in a business partnership to develop 100 acres of vacant land into a residential upscale-gated community. their development project did not go as planed due to the economic and market conditions and they want to determine their rights. they are familiar with the court system and their option to file a lawsuit against each other but they fill it will be intrusive and may destroy their friendship or have other improper results. what can they do under these circumstances?
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Answer: Based on the scenario, they can find alternatives which they'll use to resolve the issue rather than going to court. They can use the arbitration or get the meditator to help them out.
Explanation:
From the question, we are informed that Adam, Dianna, and Loretta are engaged in a business partnership to develop 100 acres of vacant land into a residential upscale-gated community but that their development project did not go as planed due to the economic and market conditions and they want to determine their rights.
We are further told that they are familiar with the court system and their option to file a lawsuit against each other but they fill it will be intrusive and may destroy their friendship or have other improper results.
Based on the scenario, they can find alternatives which they'll use to resolve the issue rather than going to court. They can use the arbitration or get the meditator to help them out. This will help them in resolving the issue and at the same time, keep their friendship.
what is stakeholders
Answers
Answer:
A stakeholder is a party that has an interest in a company and can either affect or be affected by the business.
Hope this helped you!
Explanation:
Henly Company enters into a contract to transfer a product to Propel Inc. On July 31, 2019. It is agreed that Propel will pay the full price of $10,000 in advance on April 15, 2019. Henly delivers the product on July 31, 2019. The cost of the product is $7,500. Requirement: What journal entries are required in 2019?
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Answer and Explanation:
The journal entries are shown below:
1. No journal entry should be recorded for entered into a contract
2. On April 15
Cash Dr $10,000
To Unearned sales revenue $10,000
(Being advance is recorded)
3. On July 31
Unearned Sales Revenue $10,000
To Sales Revenue $10,000
(Being the unearned sales revenue is recorded)
Cost of Goods Sold $7,500
Inventory $7,500
(Being the cost of a product is recorded)
Businesses, individuals, and governments often need to raise capital, while others have surplus funds. In a well-functioning economy, capital flows efficiently from those with surplus capital to those who need it. Transfers can take place in 3 ways: -Select- transfers without going through any type of financial institution, -Select- transfers through investment banks that underwrite the securities, and indirect transfers through financial -Select- that create new forms of capital.
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Answer:
1. Transfers without going through any type of financial institution - DIRECT TRANSFER
Direct transfer of funds refers to the scenario where the people who have surplus capital are able to get it to those who need it directly without the use of an intermediary.
2. Transfers through investment banks that underwrite the securities, and indirect transfers through financial ... - INDIRECT TRANSFER
When the funds flow through an intermediary such as an Investment bank or other financial institutions, the transfer is indirect.
3. INTERMEDIARIES that create new forms of capital.
Intermediaries take the surplus capital from those who have it and then create new forms of capital such as loans and equity investments to enable them pass the funds to those who need it.
Pfister Corporation has Long-term Assets of $485,000, Current Liabilities of $150,000, Long-term Liabilities of $220,000 and Owners' Equity of $320,000. Compute Current Assets.
Answers
Answer:
$205,000
Explanation:
Total liabilities=current liabilities+long-term liabilities
total liabilities=$150,000+$220,000
total liabilities=$370,000
total owners'equity plus liabilities=$320,000+$370,000=$690,000
long-term assets+current assets=liabilities+owners'equity
long-term assets=$485,000
current assets are unknown
liabilities+owners'equity=$690,000
let CA represent current assets
$485,000+CA=$690,000
CA=$690,000-$485,000
CA=$205,000
What is an advantage of a Limited Liability Company?
Answers
Answer:
llc ,No restrictions on the number of members allowed
pass through taxation
he set of activities that transforms raw resources into the goods and services end users purchase and consume is called the:
Answers
Answer:
Value chain
Explanation:
As seen above, a value chain can be defined as the activities that transform raw materials into goods and services. That is the process that raw materials underwent to become something of value to end users that they can either purchase or that is edible.
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what are the three types of inherent value money can have
Answers
Answer:
commodity value, representative value, and also fiat value.
The three types of inherent value money can have is
commodity value representative value fiat value.What is Money?Money is referred to as an exchange medium with the help of which purchasing and selling are made. This money comes in the form of currency which is paid by an individual while making purchases.
In ancient times when currencies are not developed people used a barter system in order to purchase things. For example, they can sell their livestock in order to buy food. The exchange can also be done in metals or precious stones.
The money which has intrinsic value in the market is referred to as commodity money. Fiat money is referred to as money which y was given legal standing in the market without any obligations.
The representational worth of the money that is traded in response to a particular commodity's demand which indicates its real worth in teh market.
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