Chen Inc.'s cash balance in the accounting records, before receiving the bank statement, at June 30th was $16,170. During June the company recorded $10,000 of deposits but the bank only showed $7,900 on the June statement. Some of the company's deposits were made on the last day of the month. The company's records also showed that the company wrote checks totalling $3,600 that had not yet cleared the bank. The June 30th bank statement showed a balance of $16,750. The company was surprised to see that the bank statement showed the following items that the company was not aware of until the bank statement arrived: NSF check for $935, bank fee of $10, and interest income totalling $25. What is the total amount of cash that should be reported on Chen Inc.'s balance sheet at June 30th?
a. $15,250
b. $17,120
c. $14,670
d. $17,850
Answers
Answer:
The total amount of cash that should be reported on Chen Inc., balance sheet at June 30th is $15,250
The answer is option A.
Explanation:
The total amount of cash that should be reported on Chen Inc., balance sheet at June 30th is as follows:
$ $
Balance as per bank statement at June 30 16,750
Add: Deposit in transit ($10,000 - $7,900) 2,100
Less:
Outstanding Checks 3,600
Adjusted Cash Balance $ 15,250
Balance as per accounting records at June 30 16,170
Add: Interest Income 25
Less:
NSF Checks 935
Bank Fees 10 945
Adjusted Cash Balance $ 15,250
Related Questions
what are some ways the financial crisis in 2008 could've been avoided
Answers
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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Hi there
Can anyone please explain to me what is meant by How would you conduct training?
Answers
Answer: Not me getting deleted-
Explanation:
A firm’s accounting profit is equal to
Answers
The total revenue less all explicit costs, including depreciation, is the accounting profit. Economic profit is calculated by deducting entire costs from the total revenue or return of a business or investment.
What is accounting?
Accounting is the organized, consistent recording, reporting, and comprehension of a business's financial activity.
Subtracting explicit costs from total revenues yields accounting profit. Total revenues minus both explicit and implicit costs equals economic profit.
Explicit costs are expenses incurred directly by a company, such as payments for goods, rent, or labor and salaries. Accounting profit exceeds economic profit, assuming that implicit costs are positive.
As a result, a firm’s accounting profit is equal to total revenue minus explicit costs.
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Select the correct answer. What is the standard lettering height of lowercase letters when used in combination with uppercase letters? A. Lowercase letters must be about one-fourth the height of uppercase letters. B. Lowercase letters must be about twice the width of uppercase letters. C. The lower part of the lowercase letter must be about two-thirds the height of the capital letter. D. The upper part of the lowercase letter must be about two-thirds the height of the capital letter.
Answers
Answer:
B
Explanation:
What do we call an item that is essential for survival in economics?
A Needs
B Wants
C scarcity
D opportunity cost
Answers
Answer:
A) Needs
Explanation:
Difference between topics Related
to managing employees carreers and
Related carreers issues. Explain contents
and to include work place example.
Answers
Managing employees' careers and related career issues are two different topics, and there are a lot of differences between them. They both play a significant role in the workplace and have their own importance.
In this context, let us discuss the differences between the two in detail.
Topics Related to Managing Employees' Careers: Managing employees' careers is one of the most crucial tasks for any organization. It is an essential factor in employee retention and job satisfaction. Managing employees' careers involve a set of strategies and processes that aim to promote the professional growth and development of employees.
Managers can use the following methods to manage employees' careers: Performance appraisal and feedback Training and development programs Career planning succession planning coaching and mentoring programs. For example, suppose an organization plans to promote an employee to a higher position. In that case, they must conduct a performance appraisal to evaluate the employee's skills and potential for the position. They should also provide adequate training and development programs to help employees acquire the necessary skills and knowledge for the new position.
Related Career Issues: Related career issues are issues that arise in the workplace due to factors that affect an employee's career. It is a broader term that includes all the factors that can hinder an employee's professional growth and development. Related career issues include factors like discrimination, harassment, and job insecurity.
For example, suppose an employee faces discrimination in the workplace based on gender, race, or age. In that case, it can negatively impact their professional growth and development. Similarly, if an employee faces job insecurity, they may feel less motivated to work hard and achieve their goals in the organization.
In conclusion, managing employees' careers and related career issues are two important topics in the workplace. While managing employees' careers involves developing strategies to promote employees' professional growth, related career issues deal with factors that can hinder an employee's career. It is essential for managers to address related career issues to ensure employees' job satisfaction and promote their professional development.
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If Martha tells employees to "do a better job of selling" in the month of December, then employees might fall to accomplish this goal. why do you think workers might fall short?
Answers
Answer: The workers fail to accomplish the task because the goal is not specific or measurable.
Explanation:
As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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Exercise 4-31 (Algo) Cost Flows; Applying Overhead [LO 4-3, 4-4, 4-5]
Erkens Company uses a job costing system with normal costing and applies factory overhead on the basis of machine hours. At the beginning of the year,
management estimated that the company would incur $1,596,000 of factory overhead costs and use 57,000 machine hours.
Erkens Company recorded the following events during the month of April:
a. Purchased 208,000 pounds of materials on account; the cost was $4.80 per pound.
b. Issued 134,000 pounds of materials to production, of which 22,000 pounds were used as indirect materials.
c. Incurred direct labor costs of $310,000 and $54,000 of indirect labor costs.
d. Recorded depreciation on equipment for the month, $78,500.
e. Recorded expired insurance costs for the manufacturing property, $4,900.
f. Paid $9,900 cash for utilities and other miscellaneous items for the manufacturing plant.
g. Completed Job H11 costing $8,900 and Job G28 costing $84,000 during the month and transferred them to the Finished goods inventory account.
h. Shipped Job G28 to the customer during the month. The job was invoiced at 35% above cost.
i. Used 10,500 machine hours during April.
Required:
1. Compute Erkens Company’s predetermined overhead rate for the year.
2. Prepare journal entries to record the events that occurred during April.
3-a. Compute the amount of overapplied or underapplied overhead.
3-b. Prepare a journal entry to close overapplied or underapplied overhead into cost of goods sold on April 30.
Answers
1. Erkens Company’s predetermined annual overhead rate is $28 per machine hour.
2. Journal Entries to record the events that occurred during April for Erkens Company are as follows:
Journal Entries:a. Debit Raw materials Inventory $998,400
Credit Accounts Payable $998,400
b. Debit Work in Process $643,200
Debit Factory Overhead $105,600
Credit Raw Materials $748,800
c. Debit Work in Process $310,000
Debit Factory Overhead $54,000
Credit Payroll Expenses $364,000
d. Debit Factory Overhead $78,500
Credit Depreciation Expenses $78,500
e. Debit Factory Overhead $4,900
Credit Insurance Expenses $4,900
f. Debit Factory Overhead $9,900
Credit Utility Expense $9,900
g. Debit Finished Goods Inventory $92,900
Credit Work in Process $92,900
h. Debit Accounts Receivable $113,400
Credit Sales Revenue $113,400
Debit Cost of goods sold $84,000
Credit Finished Goods Inventory $84,000
i. Debit Work in Process $294,000
Credit Factory Overhead $294,000
3-a) The amount of overapplied overhead is $41,100.
3-b) The journal entry to close overapplied overhead into the cost of goods sold on April 30 is as follows:
Journal Entry:Debit Factory Overhead (overapplied) $41,100
Credit Cost of goods sold $41,100
Data and Calculations:Estimated factory overhead costs = $1,596,000
Estimated machine hours = 57,000
Predetermined overhead rate = $28 ($1,596,000/57,000)
April Transactions:a. Raw materials Inventory $998,400 Accounts Payable $998,400
b. Work in Process $643,200 Factory Overhead $105,600 Raw Materials $748,800
c. Work in Process $310,000 Factory Overhead $54,000 Payroll Expenses $364,000
d. Factory Overhead $78,500 Depreciation Expenses $78,500
e. Factory Overhead $4,900 Insurance Expenses $4,900
f. Factory Overhead $9,900 Utility Expense $9,900
g. Finished Goods Inventory $92,900 Work in Process $92,900
Job G28 $8,900 Job G28 $84,000
h. Accounts Receivable $113,400 Sales Revenue $113,400
Cost of goods sold $84,000 Finished Goods Inventory $84,000
i. Work in Process $294,000 Factory Overhead $294,000
($28 x 10,500)
Factory Overhead account:Materials $105,600
Payroll $54,000
Depreciation Expenses $78,500
Insurance Expenses $4,900
Utility Expense $9,900
i. Work in Process $294,000
Total Overhead $252,900
Overapplied overhead $41,100
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many observers found support for the power elite model in the ties between political leaders and to the oil industry during the george w. bush administration. which of the following statements is true in this context?
Answers
The following statements is true that President George W. Bush owned a oil company, Vice-President Cheney was head of the oil company Halliburton, and Condoleezza Rice was on Chevron's board of directors for a decade.
On May 27, 1968, while the United States was engaged in the Vietnam War, George W. Bush enlisted in the 147th Fighter-Interceptor Group of the Texas Air National Guard. He agreed to serve until May 26, 1974, spending the first two years on active duty while learning to fly and the next four years performing sporadic service.
Bush professes to comprehend the value of government intervention in private financial problems if it is anticipated that such engagement would have a detrimental effect on the economy as a whole. Bush typically favors free-market capitalism.
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3. Combine terms: 12a + 26b -4b - 16a. (a) 4a + 22b, (b) -28a + 30b, (c)-4a + 22b, (d) 28a + 30b. Solution: 12a + 265 AL
Answers
Answer:
c. -4a+22b
Explanation:
12a+26b-4b-16a=-4a+22b
Hope the picture help
How long should a résumé be
Answers
Answer:
Mark Brainliest
Explanation:
For most candidates, a resume should be only one page. Be brief and concise with anything you write on your resume. Customize your resume for the job you're applying for and include only relevant experience. If you've done everything right, you shouldn't get past one page
how do I create a marketing plan
Answers
Set metric-driven marketing goals.
Outline your user personas.
Research all of your competitors.
Set accurate key baselines & metrics.
Create an actionable marketing strategy.
Set tracking or reporting guidelines.
You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
Answers
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
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Precision Camera Services started the year with total assets of $80,000 and total liabilities of $40,000. The revenues and the expenses for the year amounted to $140,000 and $60,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $55,000. What is the amount of stockholders' equity at the end of the year?
Answers
Answer:
$65,000
Explanation:
Stockholder's equity is the net value of a company's asset. It is the remaining value of a company asset after adjusting for retained earnings and liabilities.
For Precision Camera Services.
Current year additions to stakeholder equity will be the retained earnings.
Retained earning is revenues- expenses - dividends paid out
=$140,000 - $60,000 - $55,000
=$25,000
Stockholders equity : Assets + retained earning - liabilities
=$80,000 + $25,000 - $40,000
=$105,000- $40,000
=$65,000
Two companies, Ghost and Phantom manufacture similar printer color cartridges. The following data for the two companies for the year 2020 are provided below:
Ghost ($) Phantom ($)
Sales revenue 90,000 108,000
Total costs 63,000 72,000
Variable Costs 40 % of sales revenue 40%
Required:
1- Calculate the Break Even Point (BEP) in dollars for each company.
2- Calculate the percentage margin of safety for each company.
3- If sales of the product in Ghost company are equal to 3,000 units, determine the BEP (in units), and present the Break-even chart.
4- In 2020, Phantom plans to increase the variable cost by $4 while the fixed cost and the selling price will remain constant. Calculate the number of units to be sold in order to earn the same profit as Ghost in 2020 (the number of units for both Phantom and Ghost is equal to 3000).
5- Based on your answers to parts 1 and 2, Discuss which company has a safer financial position, and why.
Answers
1. The calculation of the break-even point in dollars is
Ghost ($) Phantom ($)
Break-even Point in dollars $45,000 $48,000
($27,000/60%) ($28,800/60%)
2. The calculation of the percentage margin of safety is as follows:
Ghost ($) Phantom ($)
Percentage margin of safety 50% 55.6%
($45,000/$90,000 x 100) ($60,000/$108,000 x 100)
The margin of safety = Sales revenue - break-even revenue
= $45,000 $60,000
3. The determination of the break-even units in Ghosts Company is as follows:
= Fixed costs/Contribution margin per unit
= 1,500 units ($27,000/$18)
4. The calculation of the number of units to be sold for Phantom Company to increase its variable cost by $4 ($18 from $14) with the fixed cost and the selling price remaining constant is 1,600 units ($28,800/$18).
What is a break-even chart?A breakeven chart shows the sales volume level at which total costs equal sales revenue.
In a break-even chart, losses are incurred below the break-even point, and profits are earned above the break-even point
Thus, the break-even chart plots revenue, fixed costs, and variable costs on the vertical axis, and volume on the horizontal axis.
Data and Calculations:Ghost ($) Phantom ($)
Sales revenue 90,000 108,000
Total costs 63,000 72,000
Variable Costs 40 % of sales revenue 40%
Variable costs = $36,000 $43,200 ($108,000 x 40%)
Contribution margin $54,000 $64,800
Fixed costs = $27,000 $28,800 ($72,000 - $43,200)
Contribution margin ratio 60% 60% (100% - 40%)
1. Break-even Point in dollars $45,000 $48,000 ($28,800/60%)
2. Percentage margin of safety 50% 55.6% ($60,000/$108,000 x 100)
The margin of safety = Sales revenue - break-even revenue
= $45,000 $60,000
3. Break-even units in Ghosts Company = Fixed costs/Contribution margin per unit
= 1,500 units ($27,000/$18)
Sales price per unit = $30 ($90,000/3,000)
Variable cost per unit = $12 ($36,000/3,000)
Contribution margin per unit = $18 ($30 - $12)
4. The calculation of the number of units to be sold for Phantom Company to increase its variable cost by $4 ($18 or $14 + $4) with the fixed cost and the selling price remaining constant is 1,600 units ($28,800/$18).
Sales price per unit = $36 ($108,000/3,000)
Variable cost per unit = $18.40 ($55,200/3,000)
Contribution margin per unit = $18 ($36 - $18)
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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What is the most effective way for an accounts payable coordinator
to maintain a positive relationship with outside organizations?
OA. by politely addressing customers and clients who carry past due
balances
O B. by providing assessments of credit risk to customers and
suppliers
C. by paying all vendors promptly for goods and services supplied
D. by outsourcing tasks such as payroll and collections when
appropriate
Answers
The most effective way for an accounts payable coordinator to maintain a positive relationship with outside organizations by paying all vendors promptly for goods and services supplied So, the correct answer is option C.
What is Account Payable?
Accounts payable (AP) is a liability on a company's balance sheet that represents the money that a business owes to its suppliers. Unlike notes payable liabilities, which are obligations made possible by formal legal instrument documents, it is distinct from such debts. Processing and reviewing business-to-business transactions with suppliers and ensuring that any outstanding invoices from suppliers are accepted, processed, and paid are the primary duties of an accounts payable department. Processing an invoice entails capturing crucial information from the invoice and entering it into the company's bookkeeping or financial system. Once this is done, the invoices must go through the specific business procedures of the organisation before being paid.To know more about Account Payable visit:
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. Define corporate-level strategy. What are the different levels of diversification firms
can pursue by using different corporate-level strategies?
Answers
Answer:
Tipos de diversificación empresarial
Explanation:
°Inversión propia. Constituye la fórmula de diversificación más seguida, puesto que supone echar mano de los recursos propios a la hora de intentar conquistar nuevos espacios productivos y clientes.
°Adquisición total o parcial de una empresa.
°Diversificación relacionada.
°Diversificación no relacionada.
The following information is available for Barone Corporation: January 1, 2019 Shares outstanding 4,000,000 April 1. 2019 Shares issued 640,000 July 1, 2019 Treasury shares purchased 240,000 October 1, 2019 Shares issued in a 2-for-1 stock split 4,400,000
a. Compute the weighted average number of shares to be used in computing earnings per share for 2019.
b. Assuming Barone Corporation had a net income of $9.850,000 in 2019 and that throughout 2019 there were 2,000 shares of $100 par value, 5% cumulative, nonconvertible preferred stock outstanding on which no dividends were declared, compute the EPS for 2019.
Answers
Answer and Explanation:
a. The computation of the weighted average number of shares is shown in the attachment below:
b. Now the earning per share i.e EPS
= (Net Income - Preferred Dividend) ÷ (Weighted average number of shares )
= ($9,850,000 - $10,000) ÷ (8,720,000 shares)
= $1.13
The preference dividend is
= (2,000 × $100 × 5%)
= $10,000
Answer:
Poop
Explanation:
Amazon's start of rapid delivery services in some U.S. cities is an example of which type of strategy?
Answers
Answer:
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top level management essay
Answers
Based on the business and administrative concept, top-level management is the level of management that consists of an organization's board of directors and the chief executive or managing director.
Essay on Top-Level ManagementTop-level management is a term that is used to describe the highest level of executive management.
Generally, this management level is considered the ultimate source of power and authority since it oversees the goals, policies, and procedures of a company.
Examples of Top-level Management include the following:Chief Executive Officer (CEO)Chief Financial Officer (CFO)Chief Operating Officer (COO)Company President.Company Vice President.Hence, in this case, it is finally concluded that Top Level Management is crucial to any company's success.
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When others have helped you write a report, you usually thank them in an acknowledgments section somewhere in the report
Answers
Answer: Acknowledgments are a section in a report where you thank and credit the individuals or organizations who have helped you in your work.
Explanation: In academic or professional writing, it is common practice to include an acknowledgments section in a report where you can thank and credit individuals or organizations who have helped you in your work. This section is typically placed at the beginning or end of the report, and is a way to recognize the contributions of those who have assisted you.
Acknowledgments could include thank you notes to individuals who provided their expertise, resources or time towards a research project, or those who supported you in other ways, such as colleagues, friends or family. The acknowledgments section is also a place to acknowledge funding sources that supported your research or project, or organizations that provided in-kind support.
It is important to acknowledge the contributions of others in your work as a sign of appreciation for their help, but also as a way of establishing transparency in your research or project. It helps to legitimize your work and makes it clear that you did not take credit for someone else's ideas or contributions. Additionally, acknowledging others’ contributions might create opportunities for future collaborations and working relationships.
Overall, the acknowledgments section is a crucial part of a report, as it helps to recognize the efforts of all those who have contributed to the work, and establishes the writer as a trustworthy and collaborative professional.
f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.
Answers
If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.
How to solve for the real rate of interestTo calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8.00% - 2.60%
Real interest rate = 5.40%
Therefore, the real rate of interest over the last year was 5.40%.
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Suggest strategies to succeed in outsourcing its HR services
Answers
Answer:
The answer is below.
Explanation:
The strategies of a company to succeed in outsourcing its HR services
1. Internal Analysis and Baselining: this involves the cost and value analysis of using internal HR vs Outsourcing HR
2. Understanding Cost vs. Value of HR: knowing what the cost and value of outsourcing entails can go a long way in determining whether it offers the value the company wants
3. Identifying Core Competencies: realizing the competencies of outsourcing HR particularly in the area of competitive advantage of the company.
4. Aligning Technology to Support Operational Objectives: utilization of outsourcing HR technology and operational support ensure the company doesn't cure additional coast
5. Agreeing on Expectations with HR Outsourcer: knowing what to expect and agreed on the outcome of the outsourcing process is one of the key strategies.
6. Addressing and Enforcing Performance Metrics: Also, the expected performance and what is needed to be achieved should be discussed and ensured it is ultimately accomplished.
Can you think of any case in which some decisions would be valuable as a matter of social policy but bad as a matter of personal ethics? Expound.
Answers
Yes, one example of decision that could be valuable as a matter of social policy but bad as a matter of personal ethics is the use of eminent domain to acquire private property for public use.
What are ethics?Ethics refer to a set of principles or values that guide behavior and decision-making, typically in a professional or societal context. Ethics can be based on various sources such as religion, philosophy, culture, or law. Ethical considerations may include concepts such as fairness, justice, honesty, respect for others, and responsibility. It is important to recognize that ethical principles may vary across different cultures, professions, or situations, and may evolve over time. Ethical behavior often involves balancing competing interests and making difficult choices based on sound judgment and critical thinking. Adhering to ethical standards can promote trust, integrity, and social responsibility, and can help individuals and organizations avoid legal or reputational risks.
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A company has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during Year 1, its first year of operations:______.
January 2 Issues 100,000 shares of common stock for $29 per share.
February 6 Issues 2,400 shares of 9% preferred stock for $11 per share.
September 10 Purchases 11,000 shares of its own common stock for $34 per share.
December 15 Resells 5,500 shares of treasury stock at $39 per share.
In its first year of operations, the company has net income of $154,000 and pays dividends at the end of the year of $94,500 ($1 per share) on all common shares outstanding and $2,160 on all preferred shares outstanding. Required:
Prepare the stockholders' equity section of the balance sheet for the company as of December 31, Year 1.
Answers
Answer:
Stockholders' EquityPreferred 9% Stock, $10 par value
(2,400 stocks authorized) $24,000
Paid-in Capital in Excess of Par $2,400 $26,400
Common Stock
(94,500 stocks outstanding) $100,000
Paid-in Capital in Excess of Par $2,827,500 $2,927,500
Total paid in capital $2,953,900
Retained Earnings $59,500
Treasury Stock (5,500 stocks at cost) ($187,000)
Total Stockholders' Equity $2,826,400
Explanation:
Jan. 2 Issued 100,000 shares of common stock for $2,900,000.
Dr Cash 2,900,000
Cr Common stock 100,000
Cr Paid-in capital in excess of par value - common stock 2,800,000
February 6 Issues 2,400 shares of 9% preferred stock for $11 per share.
Dr Cash 26,400
Cr Preferred stock 24,000
Cr Paid-in capital in excess of par value - preferred stock 2,400
September 10 Purchases 11,000 shares of its own common stock for $34 per share.
Dr Treasury stock 374,000
Cr Cash 374,000
December 15 Resells 5,500 shares of treasury stock at $39 per share.
Dr Cash
Cr Treasury stock 187,000
Cr Paid-in capital in excess of par value - common stock 27,500
retained earnings = $154,000 - $94,500 = $59,500
Preferred Stock $24,000
Common Stock $100,000
Paid-in capital in excess of par value - preferred stock $2,400
Paid-in capital in excess of par value - common stock $2,827,500
Retained Earnings $59,500
Treasury Stock $187,000
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
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To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
what is computer studies
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Answer:
Explanation: Computer studies is about understanding how computers work, how to use them to solve problems, and how to develop and manage computer systems. It is a broad and diverse field that is essential in today's digital age, as computers are used in almost every aspect of modern life, from communication and entertainment to business and science.
Emily is deciding to buy the same designer jacket her friends have
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Answer:
OMG EMILY BOUGHT THE NEW UNICON DRIP JACKET!
Answer:
, but emily needs to ask daddy for some money first
Explanation: