a company that uses process costing to report manufacturing costs summarized its operations for the month of april, as follows: units direct materials work-in-process inventory, april 1 150,000 $108,000 started during april 750,000 completed during april 600,000 work-in-process inventory, april 30 300,000 costs added during the month $1,755,000 beginning work-in-process inventory was 30% complete for direct materials. ending work-in-process inventory was 40% complete for direct materials. what is the total value of material costs in ending work-in-process inventory using the fifo unit cost inventory valuation method?
Answers
The total value of material costs in ending work-in-process inventory using the FIFO (first-in, first-out)unit cost inventory valuation method is $1,647,000.
FIFO (first-in, first-out) methodThe FIFO method is used to calculate the value of a company's inventory. The costs of the oldest products are assigned to the items first with the FIFO (first-in, first-out) inventory cost method. When new inventory arrives, the cost of the old inventory is matched first with the revenue generated from the sale of goods.
In this method, the first-in inventory is the first inventory sold. It is also known as the first-in, first-out method because of this. For the direct materials in the work-in-process inventory as of April 30, the FIFO method will be used.
The formula for calculating the cost of goods completed and transferred is as follows:
Cost of goods completed and transferred = (Beginning WIP inventory costs + Cost added during the month) - Ending WIP inventory costsEnding WIP inventory costs = (Ending WIP units) × (Ending WIP unit cost)Ending WIP unit cost = Costs to account for ÷ Units to account for
Using the above formulas, we get the solution as follows:
Direct Material Cost added during the month = $1,755,000Less:
Direct Material cost of work-in-process inventory as of April 1 = $108,000 Direct Materials cost to account for = $1,647,000Units to account for:
Units Started during April + Units in the beginning WIP inventory - Units Completed during AprilUnits to account for: 750,000 + 150,000 - 600,000 = 300,000Ending WIP unit cost = Cost to account for ÷ Units to account for = $1,647,000 ÷ 300,000 = $5.49 per unit.
Direct Materials cost of ending WIP inventory = 300,000 (Units in the ending WIP inventory) × $5.49 (Ending WIP unit cost) = $1,647,000.
The total value of material costs in ending work-in-process inventory using the FIFO unit cost inventory valuation method is $1,647,000.
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Related Questions
There are specific regulatory obligations that are imposed on Accountants in relation to detecting and reporting money laundering activities. You have been asked to provide a training sessiondraft to new Audit Juniors on Accountants responsibilities to the subject matter. Required: a. Explain the term money laundering and furnish them with critical examples and illustrations. 10 Marks b. Explain the policies and procedures that a Firm of Chartered Accountants could use to demonstrate their responsibilities to detecting or avoiding the incidence of money laundering.
Answers
Introduction:
Welcome, Audit Juniors! In today's training session, we will delve into the important topic of Accountants' responsibilities in detecting and reporting money laundering activities. Money laundering poses significant risks to financial systems and is a serious criminal offense. As Accountants, it is crucial that we understand the concept of money laundering, its implications, and the policies and procedures that firms can implement to fulfill their responsibilities in detecting and preventing such activities.
a. Money Laundering:
Money laundering refers to the process of making illegally obtained money appear legitimate by disguising its true origin. It involves a series of transactions that seek to conceal the source of funds derived from criminal activities. Here are some critical examples and illustrations of money laundering:
1. Placement: Criminals introduce their illegal funds into the legitimate financial system. For instance, they might deposit large amounts of cash into various bank accounts or purchase assets using illicit money.
2. Layering: Through a complex web of transactions, criminals attempt to obscure the origin and trail of funds. They may transfer money between different accounts, make multiple purchases, or create false invoices to confuse investigators.
3. Integration: The final stage involves integrating laundered funds back into the legitimate economy. This can be achieved by investing in real estate, businesses, or other assets, making it difficult to trace the funds back to their illegal source.
b. Policies and Procedures to Detect and Prevent Money Laundering:
Firms of Chartered Accountants should establish robust policies and procedures to demonstrate their responsibilities in detecting and avoiding the incidence of money laundering. Here are some key measures that can be implemented:
1. Customer Due Diligence (CDD): Develop comprehensive CDD policies to identify and verify the identity of clients, understand the nature of their business, and assess the risks associated with them. This includes conducting background checks, verifying sources of funds, and understanding the purpose of transactions.
2. Risk Assessment: Perform regular risk assessments to identify high-risk clients, industries, or jurisdictions. This allows for focused monitoring and enhanced due diligence on transactions and relationships that pose a higher risk of money laundering.
3. Suspicious Activity Monitoring: Establish procedures to monitor and report suspicious activities. This involves continuous monitoring of transactions, identifying unusual patterns or large transactions without a clear purpose, and promptly reporting any suspicions to the relevant authorities.
4. Staff Training and Awareness: Conduct regular training sessions to educate staff about money laundering risks, red flags, and reporting obligations. Create a culture of awareness and vigilance to ensure that all employees are actively engaged in detecting and preventing money laundering activities.
5. Compliance Framework: Develop a robust compliance framework that includes internal controls, record-keeping procedures, and periodic audits to ensure adherence to anti-money laundering regulations. This framework should be regularly reviewed and updated to reflect evolving risks and regulatory changes.
Conclusion:
In conclusion, understanding and fulfilling Accountants' responsibilities in detecting and reporting money laundering activities is crucial in combating financial crimes. By familiarizing ourselves with the concept of money laundering, critical examples, and implementing appropriate policies and procedures, we can contribute to the prevention and detection of illicit financial activities. Remember, compliance with regulatory obligations is not only a legal requirement but also essential for maintaining the integrity and reputation of our profession.
Thank you for your attention, and please feel free to ask any questions or seek further clarification on the subject matter.
Money laundering refers to the illegal process of making illicitly obtained money appear legitimate by concealing its true origin.
It involves a series of transactions that disguise the illegal source of funds and make them appear as if they came from legal activities.
Examples of money laundering include structuring cash deposits, using shell companies, and engaging in complex financial transactions to obscure the money's origin.
Money laundering is a serious issue that undermines the integrity of financial systems and facilitates criminal activities.
Accountants have a crucial role in detecting and reporting money laundering activities. They are required to implement policies and procedures to prevent and detect suspicious transactions.
One key policy is the implementation of robust Know Your Customer (KYC) procedures, which involve verifying the identity and legitimacy of clients and understanding the nature of their business activities.
Additionally, firms of Chartered Accountants should establish internal controls and risk assessment processes to identify and mitigate the risks associated with money laundering.
This includes conducting regular risk assessments, training staff on anti-money laundering (AML) regulations, and implementing transaction monitoring systems to detect unusual patterns or red flags.
Accountants should also establish a reporting mechanism to report suspicious transactions to the appropriate authorities, such as financial intelligence units or law enforcement agencies.
Furthermore, firms should establish a culture of compliance and ethics by promoting awareness and providing ongoing training to their employees. This ensures that all staff members understand their responsibilities and obligations in relation to money laundering prevention and detection.
Regular audits and reviews of the firm's AML policies and procedures should also be conducted to ensure their effectiveness and compliance with relevant regulations.
By implementing these policies and procedures, firms of Chartered Accountants can demonstrate their commitment to detecting and avoiding the incidence of money laundering, safeguarding their reputation, and fulfilling their regulatory obligations.
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an example of a private leisure service agency is military recreation
Answers
private leisure service agencies operate independently of government or military organizations and cater to the general public or specific target markets seeking leisure and recreational experiences.
Private leisure service agencies, on the other hand, are privately owned businesses or organizations that offer various leisure and recreational services to the general public for a fee. Examples of private leisure service agencies include:
1. Fitness centers or gyms: These establishments provide fitness facilities, classes, and personal training services to individuals who pay for memberships or individual sessions.
2. Travel agencies: These agencies offer travel planning, booking, and advisory services to individuals or groups looking for vacation packages, flights, hotels, and other travel-related arrangements.
3. Amusement parks: Private amusement parks provide entertainment attractions, rides, and recreational activities for visitors who purchase tickets or passes.
4. Sports clubs or facilities: Private sports clubs, stadiums, or facilities offer access to sports activities such as tennis, golf, swimming, or other sports, usually through membership or pay-per-use arrangements.
5. Entertainment venues: Private venues like theaters, concert halls, or comedy clubs host performances and events for ticketed audiences.
These examples represent private enterprises that focus on providing leisure and recreational services to the public, distinguishing them from military recreation programs, which are typically exclusive to military personnel and their families.
private leisure service agencies operate independently of government or military organizations and cater to the general public or specific target markets seeking leisure and recreational experiences.
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Hi can you please answer this question for me?
___________________________ is the interest that the bank pays you on the principal plus on the interest that you earned the preceding year
simple intrest
compound interest
complex interest
Answers
Answer:
compound interest
Explanation:
Compounding interest refers to the action of adding the interest earned in a period to the principal amount. This action increases the principal amount invested. In compound interest, both the principal amount and the interest earned increases every financial year.
Compound interest contrasts with simple interest, which is the interest earned on the principal amount only. Whereas compound interest amount increases every year, simple interest remains constant throughout the life of the investment.
Answer:
Compound Interest
Explanation:
How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
Answers
D. Maintain good relations with the management.
Answer:
it is (C)
Explanation:
Which of the following is a benefit of a bank?
A. You can get your cash quickly and easily.
B. A bank is insured by the federal deposit insurance corporation
C. You assets are safe from theft, loss, and fires
D. All the above
Answers
Answer:
D
Explanation:
Answer:
D. All the above
Explanation:
Frank is already taking advantage of his employer benefit package but wants to find
options to save for retirement that offer tax incentives. Which of the following should
Frank explore?
A. Contribution matching
B. Lower interest
C. Opt in or opt out
D. Roth IRA
Answers
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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What should you do before giving contact information for your references to a potential employer? A. Notify references and get their permission. B. Write a follow-up letter. C. Research the company on its website. D. Introduce your references to each other. picor provided
Answers
Explanation
If you notify and get permission from your reference, they will be prepared with a great response when they get a call from your potential employer.
Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,000 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $50. The cost of each light is $1. The holding cost is $0.10 per light per year.
Answers
Answer:
The right solution is:
(a) 4,272 units
(b) $134.16
(c) $134.17
(d) $12,268.33
Explanation:
Seems that the given question is incomplete. The attachment of the complete question is provided below.
According to the question, the values are:
Annual demand,
D = 12,000
Number of days,
= 300
Daily demand,
d = \(\frac{12000}{300}\)
= 40
Production rate,
P = 100
Ordering cost,
S = $50
Holding cost,
H = $0.10
(a)
The production run's optimal size will be:
Q = \(\sqrt{\frac{2DS}{H(1-\frac{d}{P} )} }\)
By putting the values, we get
= \(\sqrt{\frac{2\times 12000\times 50}{0.10\times (1-\frac{40}{100} )} }\)
= \(\sqrt{20,000,000}\)
= \(4,471.14\)
or,
= \(4,472 \ units\)
(b)
The average holding cost will be:
= \(\frac{Q}{2}\times H\times [1-\frac{d}{P} ]\)
= \(\frac{4472}{2}\times 0.10\times [1-\frac{40}{100} ]\)
= \(134.16\) ($)
(c)
The average setup cost will be:
= \(\frac{D}{Q}\times S\)
= \(\frac{12000}{4472}\times 50\)
= \(134.17\) ($)
(d)
The total cost per year will be:
= \(Avg. \ holding \ cost+ Avg. \ setup \ cost+Cost \ of \ purchase\)
= \(134.16+134.17+(1\times 12000)\)
= \(12,268.33\) ($)
suppose your firm adopts a technology that allows you to increase your output by 15%. if the elasticity of demand is 3.0, how should you adjust price if you want to sell all of your output?
Answers
Suppose a firm adopts new technoogy that allows it to incrase its output by 15%. To maintain the elasticity of demand in 3.0, a firm has to adjust its product price by 5% if a firm want to sell all its output.
Price elasticity of demand demonstrates how the change in demand for a produt in relation of any fluctuation in its price. Price elastivity of demand could be calcuated from comparing percentage change in quantity demanded with percentage change in price, or wirtten as:
Price elastivity of demand = % change in quantity demanded
% change in price
From the case, we know that:
price elasticity of demand = 3.0
% change in quantity demanded = % change in output produced (sold out)
% change in quantity demanded = 15%
% change in price?
We use the price elasticity of demand formula to find the appropriate price change:
Price elastivity of demand = % change in quantity demanded
% change in price
3.0 = 15%
% change in price
% change in price = 5%
To be able to sell all the output produced, a firm has to decline its product price upto 5% to maintain the price elasticity of demand.
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50 points pls give good answer
What do you think you'd like best about working as a hospitality manager?
Answers
Answer:
What I would like best as working as a hospitality manager, is to make sure my establishment/place of work is running smoothly. Whether that requires me to keep up with finances, or just general peace keeping. I would ensure that my customers were 100% satisfied and felt welcome their entire stay.
Explanation:
Explanation:
I Like To Keep My Patients Healthy And Safe..
What did Hayek argue about government involvement in the economy?
Answers
As the title suggests, Hayek believed that government intervention in the form of centralized planning stripped away individual liberties.
He warned of "the dangers of tyranny that inevitably arise from state control over economic decision-making..." but did not rule out the role of government. Indeed, he pointed to distinct areas where government intervention could prove beneficial. Among them is the demand for a stable job. limiting working hours; coping with the effects of deforestation and pollution; Even maintaining a social safety net. Hayek writes: to stay healthy. He even goes so far as to suggest that the government get involved in creating a national insurance program. "No reason," he continues.
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For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answers
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
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Who’s ready to f lemme know?
Answers
Answer:
lol
Explanation:
Answer:
wrong website
Explanation:
Claire opened her own Starbucks franchise in her community. She is pleased with how quickly she was able to open her franchise and that she
was able to establish a good customer base from the start because of name recognition. However, since she started this business to be her
own boss, Claire is likely to
A. Invest in his own capital and national and local advertising programs
B. Take sole responsibility for all the decisions in the business
C. Embrace the franchisors restrictions because they lead to a greater chance for success
D. Resent the management training and support the franchiser provides
E. Get frustrated with the restrictions of the franchise
Answers
Claire is likely to Embrace the franchisors restrictions because they lead to a greater chance for success option(c) is correct.
Who was Claire?Claire was a person who gradually opened her Starbucks actually in her community she established a good customer base merely of her name in that organization.
As she is her own boss she accordingly embraces the franchisors restrictions which actually lead for more and more success of her.
Therefore Option(c) is correct.
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When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies
instead. This situation is an example of the
The supply curve slopes upward because at a higher price, producers have
to produce more.
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This
situation is an example of the
Answers
substitution effect The supply curve slopes upward because at a higher price, producers have an incentive to produce more.
Answer: Here go the right answer and I got it right
Explanation:
When the price of chocolate chip cookies increased to $3 per package, Samantha began to buy oatmeal cookies instead. This situation is an example of the substitution effect.
The supply curve slopes upward because at a higher price, producers have an incentive to produce more.
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This situation is an example of the
income effect.
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answers
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
An example of a cost is _____.
revenues
principal and interest on loans
tornadoes
profits
Answers
I need help with all those questions
Answers
A rising GDP and a falling unemployment rate are most likely indicators that an economy is in which phase of the business cycle?
answer: expansion
Answers
A rising GDP and a falling unemployment rate are most likely indicators that an economy is in the expansion phase of the business cycle.
During the expansion phase, the economy experiences an increase in economic activity and employment opportunities, resulting in a rise in GDP and a decline in unemployment rate. This phase is typically characterized by increased consumer and business spending, rising stock prices, and increasing confidence in the economy. The expansion phase is usually followed by the peak, recession, and trough phases in the business cycle.
The business cycle refers to the fluctuation of economic activity in an economy over time. It is typically characterized by alternating periods of expansion and contraction, with the peak, recession, and trough phases in between. Various factors contribute to the business cycle, including consumer spending, business investment, and government policies.
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please help me answer these questions
Answers
Answer: See explanation
Explanation:
1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.
2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.
3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances
For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.
Which descriptions offer examples of Security and Protective Services workers? Select all that apply.
Angela analyzes information to prevent gang activity and drug trafficking.
Rosamund writes tickets and warnings to vehicles that violate parking regulations.
Andre inspects forests for hazards and identifies ways to prevent fires.
Kalil manages security workers and policies for a company.
Leilani works in an airport, inspecting people and baggage to make sure they meet safety regulations.
Jeremiah records official court sessions, including all that is said and done.
Answers
Answer: A,B,D
Explanation:
hope it helps
Answer:
a,b,d
Explanation:
:)
What will be the end result for the taxpayer who filed his federal income tax return.
Answers
If your federal gross income was $12,950 or more and you're under 65, you must submit a single status tax return. If your federal gross income was $14,700 or more and you are 65 years of age or older, you must file.
What is the status of federal filing?
Determines the tax rate applied to income. Head of household, married filing jointly, married filing separately, single, and qualified widow(er) with dependent child are the five filing statuses. A tax year is the 12-month period of time that a tax return covers. The tax year for people in the US is from January 1 to December 31 and includes taxes due on income earned during that time. The Where's My Return? feature is the easiest method to find out if you've received a tax refund. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund. After the return is processed and a refund is approved, the program also offers a customized refund date.
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A traceable fixed cost ______. supports the operations of more than one segment varies with the activity level in a particular segment is incurred because of the existence of the segment would continue if the segment were discontinued
Answers
Answer:
is incurred because of the existence of the segment
Explanation:
A traceable fixed cost is s type of fixed cost incurred by a business. A fixed cost is a cost that remains fixed irrespective of either the growth or the fall of a business. Traceable fixed costs are incurred when there is a need for a respective segment in the business. This cost appears only with the need. Also, with the accomplishment of the needs, the cost may disappear.
Q9. WE Company has completed all operating budgets other than the income statement for 2024. Selected data from these budgets follow.
Sales: $350,000
Purchases of raw materials: $145,000
Ending inventory of raw materials: $15,000
Direct labor: $40,000; Manufacturing overhead: $73,000, including $3,000 of depreciation expense
Selling and administrative expenses: $36,000 including depreciation expense of $1,000; Interest expense: $1,000
Principal payment on note: $2,000; Dividends declared: $2,000 and Income tax rate: 30%
Other information:
Assume that the number of units produced equals the number sold.
Year-end accounts receivable: 4% of 2024 sales.
Year-end accounts payable: 50% of ending inventory of raw materials.
Interest, direct labor, manufacturing overhead, and selling and administrative expenses other than depreciation are paid as incurred.
Dividends declared and income taxes for 2014 will not be paid until 2015.
Instructions
(a) Calculate budgeted cost of goods sold.
(b) Prepare a budgeted income statement for the year ending December 31, 2014.
(c) Prepare a budgeted balance sheet as of December 31, 2014
Answers
Answer:
(a) To calculate the budgeted cost of goods sold, we need to use the following formula:
Beginning Inventory of Raw Materials + Purchases of Raw Materials - Ending Inventory of Raw Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing Costs
$0 (assuming no beginning inventory of raw materials) + $145,000 - $15,000 + $40,000 + $73,000 = $243,000
Then, we can use the following formula to calculate the budgeted cost of goods sold:
Total Manufacturing Costs + Beginning Finished Goods Inventory - Ending Finished Goods Inventory = Cost of Goods Sold
$243,000 + $0 - $0 = $243,000
Therefore, the budgeted cost of goods sold is $243,000.
(b) Using the information above, we can prepare a budgeted income statement for the year ending December 31, 2014 as follows:
WE Company
Budgeted Income Statement
For the Year Ending December 31, 2014
Sales $350,000
Cost of Goods Sold $243,000
Gross Profit $107,000
Selling and Administrative Expenses $36,000
Depreciation $1,000
Interest Expense $1,000
Income before Taxes $69,000
Income Tax Expense $20,700
Net Income $48,300
(c) Using the information above, we can prepare a budgeted balance sheet as of December 31, 2014 as follows:
WE Company
Budgeted Balance Sheet
As of December 31, 2014
Assets
Cash TBD
Accounts Receivable TBD
Inventory of Raw Materials $15,000
Finished Goods Inventory TBD
Total Assets TBD
Liabilities and Stockholders' Equity
Accounts Payable TBD
Note Payable TBD
Stockholders' Equity TBD
Total Liabilities and Stockholders' Equity TBD
To complete the budgeted balance sheet, we need additional information such as the amount of cash, accounts receivable, finished goods inventory, note payable, and stockholders' equity.
Directions: Look at the following lines and determine how you might revise them so that they remove the pronoun "I".
I can understand what it’s like to have a stack of papers to grade and only two days to do it.
I now know that cigarettes can cause various types of cancer.
I would like you to understand that not all students are lazy.
Doughnuts are really harmful to our health, so I should stop ingesting them.
If I would only give reading a try, I might actually enjoy it.
As a feminist, I believe that women should receive pay that is equal to that of their male coworkers.
Answers
In order to revise the given sentences to remove the pronoun "I", there are a few changes that need to be made. The revised sentences without the use of the pronoun "I" are mentioned below:
Understanding what it’s like to have a stack of papers to grade and only two days to do it can be achieved.
The knowledge that cigarettes can cause various types of cancer is now known.
It is important to understand that not all students are lazy.
Ingesting doughnuts is really harmful to our health, so they should be avoided.
Giving reading a try might lead to an actual enjoyment of it.
Believing in equal pay for women, as a feminist, should be a principle embraced.
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If Alejandro wants to pay off his student loan by basing it on how much he is earning at his job after graduation, what type of repayment plan is best for him?
Graduated repayment plan
Standard repayment plan
Extended repayment plan
Income-driven repayment plan
Answers
Answer:
Income-driven repayment plan.
Explanation:
Federal student loans can be defined as a form of financial aid given to college or university students with varying financial means, so as to enable them gain access to higher education.
In the United States of America, the U.S Department of Education is saddled with the responsibility of administering the federal student loans.
Basically, there are four (4) types of federal student loans and these include;
1. Direct unsubsidized loans.
2. Direct subsidized loans.
3. Direct consolidation loans.
4. Direct PLUS loans.
Once a federal student loan has been selected, students are required to choose a repayment plan for the loan taken. There are four (4) main types of repayment plan and these are;
a. Standard repayment plan.
b. Extended repayment plan.
c. Graduated repayment plan.
d. Income-driven repayment plan.
An income-driven repayment plan can be defined as a federal student loan repayment plan that is designed to regulate or adjust the amount of money to be paid in each month based on one's current earnings and family size. This payment plan is designed typically for college graduates and as such it's intended to be affordable based on the discretionary income of the borrower and family size.
In this scenario, Alejandro wishes to pay off his student loan based on how much he earns at his job after graduation. Thus, the type of repayment plan which is best for him is an income-driven or income-based repayment plan.
Baldwin's balance sheet has $72,845,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in dividends. If there is no new stock issued what will be Baldwin's book value?
Answers
Baldwin's book value after paying dividends and no new stock issued is $71,845,000.
To calculate Baldwin's book value, we need to subtract the dividends from the net income and add the result to the equity.
Net income after dividends = Net income - Dividends
Net income after dividends = $4,000,000 - $5,000,000
Net income after dividends = -$1,000,000
Since the net income after dividends is negative, it means that the company's equity decreases by $1,000,000. Therefore, the book value of Baldwin's equity after paying dividends will be:
Book value = Equity - Net income after dividends
Book value = $72,845,000 - $1,000,000
Book value = $71,845,000
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Replacing oid equipment at an immediate cost of $90,000 and an additional outlay of $20,000 three years fromi now will resuat in savings of $22.000 per year for 8 yoars. The required rate of relurn is 14% compounded annually. Compute the het present value and determine if the investment shocid be accepted or rejected according to the net present value criterion. The net present value of the project is $ (Round the final answer to the nearest dollar as needed. Round all intermediate valuen to six decimal places as needed) The proposil should be
Answers
The net present value of the project is -$23,628.57, which is negative. Since the NPV is negative, the investment should be rejected according to the net present value criterion.
Given the immediate cost of replacing old equipment is $90,000 and an additional outlay of $20,000 three years from now will result in savings of $22,000 per year for 8 years. We need to calculate the net present value and determine if the investment should be accepted or rejected according to the net present value criterion.
The required rate of return is 14% compounded annually.
The cash flows can be summarized as follows:
Immediate cost (Year 0): -$90,000
Additional outlay (Year 3): -$20,000
Annual savings (Years 4-11): $22,000
The net present value of the project can be calculated using the formula:
NPV = -C0 + (C1 / (1 + r)1) + (C2 / (1 + r)2) + ... + (Cn / (1 + r)n)
whereC0 = Initial cash outlay
C1, C2, ... Cn = Cash inflows in period 1, period 2, ... period n, respectively.
r = Required rate of return
n = Number of periods
To calculate the NPV, we need to calculate the present value (PV) of the cash inflows. For that, we can use the formula:
PV = FV / (1 + r)n
where
FV = Future value of cash inflow
n = Number of periods
r = Required rate of return
Year 0:
PV(C0) = -$90,000
Year 3: PV(C1) = -$20,000 / (1 + 0.14)3
= -$14,514.57
Year 4: PV(C2) = $22,000 / (1 + 0.14)4
= $11,582.98
Year 5: PV(C3) = $22,000 / (1 + 0.14)5
= $10,223.09
Year 6:PV(C4) = $22,000 / (1 + 0.14)6
= $9,016.92
Year 7:PV(C5) = $22,000 / (1 + 0.14)7
= $7,945.02
Year 8:PV(C6) = $22,000 / (1 + 0.14)8
= $6,990.03
Year 9:PV(C7) = $22,000 / (1 + 0.14)9
= $6,137.78
Year 10:PV(C8) = $22,000 / (1 + 0.14)10
= $5,376.61
NPV = -C0 + PV(C1) + PV(C2) + ... + PV(Cn)
= -$90,000 + $11,582.98 + $10,223.09 + $9,016.92 + $7,945.02 + $6,990.03 + $6,137.78 + $5,376.61
= -$23,628.57
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