Crane Company acquired a patent on an oil extraction technique on January 1, 2020 for $6900000. It was expected to have a 10 year life and no residual value. Crane uses straight-line amortization for patents. On December 31, 2021, the future cash flows expected from the patent were $720000 per year for the next eight years. The present value of these cash flows, discounted at Crane’s market interest rate, is $3900000. At what amount should the patent be carried on the December 31, 2021 balance sheet?
Answers
Answer:
$5,520,000
Explanation:
As per the data given in the question,
Cost = $6,900,000
Less: Amortization for 2 years = $1,380,000 ($6,900,000×2÷10)
Book value of patent = $5,520,000 ($6,900,000 - $1,380,000)
Undiscounted sum of future cash flows = $5,760,000 ($720,000×8)
Since the amount of book value is less than the amount of undiscounted sum of future cash flow, Therefore Patent should be carried on the Book value, So, Patent should be carried on the December 31,2021 balance sheet at $5,520,000
Related Questions
Consider the farmer and factory owner example. If we give the farmer the right to clean air, what can the factory owner do to convince the farmer to allow him to have dirtier air?
Answers
What is the function of the evaporator?
Answers
Answer:
The evaporation of water is a physical process by which water changes from a liquid state to a gaseous state or water vapor. This process takes place on the surface of the water from a certain temperature and until the space is saturated with steam.
Swifty Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2020.
SWIFTY DESIGN
ADJUSTED TRIAL BALANCE
DECEMBER 31, 2020
Debit Credit
Cash $11,210
Accounts Receivable 21,710
Supplies 5,210
Prepaid Insurance 2,710
Equipment 60,210
Accumulated Depreciation-Equipment $35,210
Accounts Payable 5,210
Interest Payable 168
Notes Payable 5,600
Unearned Service Revenue 5,810
Salaries and Wages Payable 1,416
Common Stock 10,210
Retained Earnings 3,710
Service Revenue 61,710
Salaries and Wages Expense 11,510
Insurance Expense 966
Interest Expense 518
Depreciation Expense 7,600
Supplies Expenses 3,400
Rent Expense 4,000
1) Prepare an income statement for the year ending December 31, 2020, Statement of Retained Earnings, Balance Sheet and
2) If the note has been outstanding 6 months, what is the annual interest rate on that note?
3) If the company paid $17,500 in salaries and wages in 2014, what was the balance in Salaries and Wages Payable on December 31, 2013?
Answers
Answer:
Swifty Design
1. Income Statement for the year ended December 31, 2020:
Service Revenue $61,710
Salaries and Wages Expense 11,510
Insurance Expense 966
Interest Expense 518
Depreciation Expense 7,600
Supplies Expenses 3,400
Rent Expense 4,000 $27,994
Net income $33,716
b) Statement of Retained Earnings for the year ended December 31, 2020:
Retained Earnings, January 1, 2020 $3,710
Net income 33,716
Retained Earnings, December 31, 2020 $37,426
c) Balance Sheet as of December 31, 2020:
Assets
Current assets:
Cash $11,210
Accounts Receivable 21,710
Supplies 5,210
Prepaid Insurance 2,710
Total current assets $40,840
Long-term assets:
Equipment 60,210
Accumulated depreciation 35,210 $25,000
Total assets $65,840
Liabilities + Equity:
Liabilities:
Accounts Payable $5,210
Interest Payable 168
Notes Payable 5,600
Unearned Service Revenue 5,810
Salaries and Wages Payable 1,416
Total liabilities $18,204
Equity:
Common Stock $10,210
Retained Earnings 37,426 $47,636
Total liabilities + equity $65,840
2. The annual interest would be $518 according to accrual basis of accounting.
3. If the company paid $17,500 in salaries and wages in 2014 (2020), the balance in Salaries and Wages Payable on December 31, 2013(2019) was $7,406.
Explanation:
SWIFTY DESIGN
ADJUSTED TRIAL BALANCE
DECEMBER 31, 2020
Debit Credit
Cash $11,210
Accounts Receivable 21,710
Supplies 5,210
Prepaid Insurance 2,710
Equipment 60,210
Accumulated Depreciation-Equipment $35,210
Accounts Payable 5,210
Interest Payable 168
Notes Payable 5,600
Unearned Service Revenue 5,810
Salaries and Wages Payable 1,416
Common Stock 10,210
Retained Earnings 3,710
Service Revenue 61,710
Salaries and Wages Expense 11,510
Insurance Expense 966
Interest Expense 518
Depreciation Expense 7,600
Supplies Expenses 3,400
Rent Expense 4,000
Totals $129,044 $129,044
Salaries and Wages:
Wages payable, 12/31/2019 $7,406
Salaries expense 11,510
Cash paid in 2020 17,500
Wages Payable, 12/31/2020 $1,416
Monty loaned his friend Ned $15,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remaining balance was $12,000, Ned filed for bankruptcy and notified Monty that he would be unable to pay the balance on the loan. Monty treated the $12,000 as a nonbusiness bad debt. Last year, before considering the tax implications of the nonbusiness bad debt, Monty had capital gains of $4,800 and taxable income of $40,250. During the current year, Ned paid Monty $10,800 in satisfaction of the debt.
Determine Monty's tax treatment for the $10,800 received in the current year.
The nonbusiness bad debt of $12,000 would have been reported as a
short-term capital loss, and __________ would be included in Monty's gross income this year.
Answers
The nonbusiness bad debt of $12,000 would have been reported as a
short-term capital loss, and $10800 would be included in Monty's gross income this year.
What is the amount that will be included in Monty's gross income this year?When Ned failed to pay the remaining balance on the loan, Monty treated the $12,000 as a nonbusiness bad debt. Since it was a nonbusiness bad debt, Monty could claim a short-term capital loss deduction on his tax return in the year the debt became worthless, which was the year Ned filed for bankruptcy.
Monty had capital gains of $4,800 and taxable income of $40,250 in the year before the current year. The short-term capital loss deduction of $12,000 from the nonbusiness bad debt would reduce his taxable income for that year to $33,050 ($40,250 - $12,000 + $4,800).
During the current year, Ned paid Monty $10,800 in satisfaction of the debt. Since Monty had previously claimed a deduction for the nonbusiness bad debt, he must include the $10,800 in his gross income for the current year, as it is considered a recovery of a previously deducted bad debt.
However, since the debt was previously treated as a short-term capital loss, the recovery of the debt is also treated as a short-term capital gain. Monty's short-term capital gain for the current year would be $10,800, which would be reported on Schedule D of his tax return. The tax rate on short-term capital gains depends on Monty's taxable income for the current year, but it is typically taxed at a higher rate than long-term capital gains.
In summary, Monty must include the $10,800 in his gross income for the current year and report it as a short-term capital gain on Schedule D of his tax return.
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Laureen Maurer's salary a year ago was $52,000. If inflation during the year was 3.5 percent in Tampa where she lives, how much of a decline in her purchasing power occurred? Also what would be her purchasing power if a deflation of 1 percent occurred?
Answers
If a deflation of 1 percent occurred, then purchasing power would be = $51,480.
What is the purchasing power about?The decline in Laureen Maurer's purchasing power due to inflation of 3.5% can be calculated as follows:
$52,000 * 3.5% = $1,820
So, the decline in her purchasing power was $1,820.
To find out her purchasing power if there was a deflation of 1 percent, we need to calculate the decrease in salary:
$52,000 * 1% = $520
So, her purchasing power would be $52,000 - $520 = $51,480.
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Turrubiates Corporation makes a product that uses a material with the following standards:
Standard quantity 7.7 liters per unit
Standard price $ 2.20 per liter
Standard cost $ 7.70 per unit
The company budgeted for production of 3,500 units in April, but actual production was 3,600 units. The company used 28,400 liters of direct material to produce this output. The company purchased 19,800 liters of the direct material at $2.3 per liter.
The direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for April is:__________
a. $1,564 U
b. $1,496 U
c. $1,564 F
d. $1,496 F
Answers
What are some possible explanations for why these loans are popular despite the fact that they create a cycle of debt for many borrowers?
Answers
businesses use organisational structure which is based around project but employee stay in their department
Answers
An organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration
Businesses that adopt an organizational structure based around projects while keeping employees in their respective departments often follow a matrix or hybrid organizational structure. This approach allows organizations to leverage the benefits of both functional departments and project teams.
In this structure, employees are grouped into functional departments based on their areas of expertise or skills. These departments, such as finance, marketing, human resources, and operations, provide specialized support and resources to various projects within the organization. Each department is typically led by a department head or manager responsible for overseeing the department's operations and ensuring the delivery of functional objectives.
On the other hand, project teams are formed to address specific business objectives or initiatives. These teams are comprised of individuals from different departments who possess the necessary skills and expertise to achieve project goals. The project teams are usually led by a project manager who is responsible for coordinating activities, managing resources, and ensuring the successful completion of the project within the specified timeline and budget.
By adopting this organizational structure, businesses can maximize efficiency and resource utilization. Employees benefit from the stability and specialization offered by their department, allowing them to develop deep expertise in their functional areas. At the same time, they also have the opportunity to contribute their expertise to cross-functional project teams, enabling them to broaden their skills, collaborate with colleagues from different backgrounds, and gain exposure to diverse projects and challenges.
This structure facilitates better communication and coordination between departments, as project teams act as intermediaries, ensuring that information and resources flow seamlessly between the departments and the projects. Additionally, it encourages a culture of innovation and flexibility, as employees have the opportunity to contribute their unique perspectives and expertise to different projects, fostering a cross-pollination of ideas.
Overall, an organizational structure based around projects while employees remain in their departments combines the advantages of functional specialization and project-oriented collaboration, enabling businesses to efficiently execute projects while maintaining the stability and expertise of functional departments.
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Third Parties In General (not Just With Health Care) Are Inefficient Because
a) its not their money
b) it means a large bureaucracy
c) it aways involves insurance
d) all above
Answers
Answer:
Third Parties In General (not Just With Health Care) Are Inefficient Because
b) it means a large bureaucracy.
Explanation:
Ordinarily, in an efficient market, there are no third parties. The market participants remain buyers and sellers. They are aided in their business dealings and for the determination of prices during the exchange by the invisible hand. It is the invisible hand that ensures the existence of market equilibrium between demand and supply. If this invisible hand is removed and a third party comes in to regulate the market and the activities of the market participants, usually the government, it implies that bureaucracy will increase. It has been established that decisions made by the state are not always efficient because more costs are added to the decision-making process.
HELP ASAP:
In the open market, oil shares are an example of:
A. finance.
B. accounting.
C. a commodity.
D. a security.
Answers
Answer:
C. A commodity
Explanation:
Make a job cost sheet for the standard units. use the following direct materials and direct labor information. - direct materials $7,740 - direct labor $5,492 for overhead, computer overhead rates for each of the three activities. hint, you will divide each activitys budgeted cost by the total amount of that activity's cost driver. you will have to calculate 3 different rates, one for each activity. (round activity rate and cost per unit answers to 2 decimal places.) your job cost sheet will include: direct materials direct labor overhead for purchasing overhead for designing overhead for shipping
Answers
Per units cost is 2.96(round to 2 decimal places) as per the requirement.
Job cost sheet for Standard units:
Job cost sheet for Standard Units
Direct Material
$7,846.00
Direct labor
$6,540.00
Overheads:
Purchasing
$30,000.00
Designing
$41,400.00
Shipping
$45,000.00
Total overheads
$116,400.00
Total job cost
$130,786.00
Divide by Units produced
$44,254.00
Per Cost unit
$2.96
Formula snip: for the Job cost sheet.
Job cost sheet for Standard Units
Direct Material
7846
Direct labor
6540
Overheads:
Purchasing
=(93000/7750)*2500
Designing
=(92000/10000)*4500
Shipping
=(87000/5800)*3000
Total overheads
=SUM(B5:B7)
Total job cost
=SUM(C2:C8)
Divide by Units produced
44254
Per Cost unit
=C9/C10
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Analyzing Contingent and Other Liabilities:
The following independent situations represent various types of liabilities. Analyze each situation and indicate which of the following is the proper accounting treatment for the company: (a) record a liability on the balance sheet, (b) disclose the liability in a financial statement footnote, or (c) neither record nor disclose any liability.
1. A stockholder has filed a lawsuit against______. ______attorney's have reviewed the facts of the case. Their review revealed similar lawsuits have never resulted in a cash award and it is highly unlikely that this lawsuit will either.
2. _____signed a 60-day, 10% note when it purchased items from another company.
3. The EPA notifies______that a state where it has a plant is filing a lawsuit for groundwater pollution against_____and another company that has a plant adjacent to______plant. Test results have not identified the exact source of the polution. ______manufacturing process often produces by-products that can pollute groundwater.
4. _______manufactured and sold products to a retailer that later sold the products to consumers. ______will replace the product if it is found to be defective within 90 days of the sale to the consumer. Historically, 1.2% of the products are returned for replacement.
Answers
Answer:
1. Situation is that a Stockholder has filed a lawsuit against C corporation.
Accounting treatment: Neither record nor disclose any liability.
Since the liability is not at all possible, it should be neither recorded nor disclosed.
2. Situation: F signed a 60 days, 10% note when it purchased items from another company.
Account treatment: Record the liability on the balance sheet.
Real liability that is both certain and the liability amount can also be reasonably estimated. It should be recorded on the balance sheet.
3. The EPA notifies S co that a state where it has a plant is filing a lawsuit.
Account treatment: Disclose the liability in a financial statement footnote.
The liability is probable but not certain and liability amount can also be reasonably estimated. It should be disclosed in financial statement footnote.
4. Situation: Company manufactured and sold products to a retailer that later sold product to consumer.
Account treatment: Record the liability on the balance sheet.
Real liability that is both certain and the liability amount can also be reasonably estimated. It should be recorded on the balance sheet.
What are the major obstacles you anticipate and how will you overcome them for business marketing
Answers
The difficulties that marketers confront: Obtaining New Clients, Retaining Current Clients, Ad Platform Changes, and Time Management.
The following are some strategies for overcoming company marketing:-
Making high-quality contentConsistently producing content,Prioritizing subject matter knowledgeWhat is the process of business marketing?Individuals or organizations can engage in business marketing. It enables them to sell products or services to other businesses or organizations that resell them, incorporate them into their products or services, or utilize them to support their activities. It is a method of promoting business and increasing profits. Marketing includes advertising, selling, and delivering goods to customers or other businesses. Advertising is used by professionals in a corporation's marketing and promotion divisions to catch the attention of crucial potential audiences.
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How important are structure and culture compared to the other primary internal considerations for a strategic plan?
Answers
Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.
Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.
An effective structure enables employees to work together efficiently, leading to a higher level of productivity.
Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.
A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.
In conclusion, structure and culture are essential components of an organization's strategic plan.
By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.
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The Converting Department of Toren Company had 19,200 units in work in process at the beginning of the period, which were 35% complete. During the period, 86,400 units were completed and transferred to the Packing Department. There were 15,200 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Toren Company Number of Equivalent Units of Production Line Item Description Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, beginning Inventory in process, beginning Inventory in process, beginning Inventory in process, beginning Started and completed Started and completed Started and completed Started and completed Transferred to Packing Department Transferred to Packing Department Transferred to Packing Department Transferred to Packing Department Inventory in process, ending Inventory in process, ending Inventory in process, ending Inventory in process, ending Total
Answers
16,800 units and 16,500 units
The computation of the number of equivalent units of production is shown below:
For Materials:
= Transferred units × Completion percentage + ending work in process units × completion percentage
= 14,800 units × 100% + 2,000 units × 100%
= 14,800 units + 2,000 units
= 16,800 units
For Conversion cost:
= Opening work in process units × remaining percentage + Transferred units × Completion percentage + ending work in process units × completion percentage
= 1,200 units × 75% + 14,800 units + 2,000 units × 40%
= 900 units + 14,800 units + 800 units
= 16,500 units
Transferred units is
= 16,000 units - 1,200 units
= 14,800 units
In mathematics, a percentage is known as more than a few or ratio which is expressed as a fraction of one hundred. It is often denoted by using the percentage sign, % even though the abbreviations "pct.", "pct" also and now "pc" is also used.
A percentage is also a dimensionless quantity which has a natural variety and it has no unit of measurement also .
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There is strong evidence that many investors suffer from familiarity bias and overconfidence bias. Can you explain why these biases might exist
Answers
Answer:
The bias of most investors suffering from familiarity or overconfidence bias can be attributed to human factor of being comfortable with what the person knows. For example, Investor A knows the owner of Company B, he or she would be comfortable to invest in Company B because he or she is familiarize with the owner or the company.
On the other-hand, when an investor reviews the businesses that he or she has invested in that are doing well, the individual will become overconfident in his or her ability to know and find good prospects to invest. The investor will become laid back in doing his investigation before investing in subsequent businesses.
Explanation:
the first step in the personal selling process is
Answers
The first step in the personal selling process is identifying the poetntial customers
What is the The first step in the personal selling processBeginning the personal selling process often starts with prospecting or recognizing likely customers. This requires researching and picking out individuals or associations that might be interested in buying the merchandises or services presented.
To do so, one may perform a variety of tasks, for instance making use of online sources and databases to pinpoint promising contacts, attending networking events ,or consulting current users for refferals.
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_____ are items such as utilities, rent, and food—items that one can’t do without. Needs Wants Risks Assets
Answers
Answer:
The answer for the space would be "Needs"
Answer:
A
Explanation:
Trust me
Suppose you are a human resource professional at a company setting up work
teams for production and sales. Explain at least four legal requirements which need
to be embedded in your pay structure to support this new work arrangement.
Answers
If I were a human resource professional at a company setting up work teams for production and sales, the four legal requirements that need to be embedded in my pay structure to support this new work arrangement are:
The nation's minimum yearly salary.State minimum wage is paid.Minimal wage for the employees.A flat wage for the position.What will the legal requirements be about?A group incentive plan is a form of compensation that bases pay on the collective performance of a team and emphasizes cost-cutting, productivity growth, and achieving organizational objectives.
I supposedly work in human resources for a company that organizes work teams for sales and production and I would suggest the below point to encourage this new work arrangement:
Teams that are unable to function independently are provided group incentive plans. They are only able to function in teams, and the job itself necessitates it.Learn more about human resource professional from
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Perit Industries has $135,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are: Project A Project B Cost of equipment required $ 135,000 $ 0 Working capital investment required $ 0 $ 135,000 Annual cash inflows $ 25,000 $ 63,000 Salvage value of equipment in six years $ 9,800 $ 0 Life of the project 6 years 6 years The working capital needed for project B will be released at the end of six years for investment elsewhere. Perit Industries’ discount rate is 17%. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables.
Answers
Answer:
1. Net present value of Project A = -41,449.96
2. Net present value of Project B = $143,746.85
3. I would recommend that company accept Project B.
Explanation:
Note: This question is not complete as the requirement are omitted. The requirements are therefore provided to complete the question before answering it as follows:
Perit Industries has $135,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are:
Project A Project B
Cost of equipment required $ 135,000 $ 0
Working capital investment required $ 0 $ 135,000
Annual cash inflows $ 25,000 $ 63,000
Salvage value of equipment in six years $ 9,800 $ 0
Life of the project 6 years 6 years
The working capital needed for project B will be released at the end of six years for investment elsewhere. Perit Industries’ discount rate is 17%.
Required:
1. Compute the net present value of Project A. (Enter negative values with a minus sign. Round your final answer to the nearest whole dollar amount.)
2. Compute the net present value of Project B. (Enter negative values with a minus sign. Round your final answer to the nearest whole dollar amount.)
3. Which investment alternative (if either) would you recommend that the company accept?
The explanation of the answers is now provided as follows:
1. Compute the net present value of Project A. (Enter negative values with a minus sign. Round your final answer to the nearest whole dollar amount.)
Cost of equipment required = $135,000
Using the formula for calculating the present value of an ordinary annuity, the present value (PV) of the annual cash inflows can be calculated as follows:
PV of annual cash inflow = Annual cash inflow * (1 - (1 / (1 + discount rate))^Project life) / discount rate) = $25,000 * ((1 - (1 / (1 + 0.17))^6) / 0.17) = $89,729.62
The present value (PV) of the salvage value can be calculated as follows:
PV of salvage value = Salvage value / (1 + + discount rate)^Project life = $9,800 / (1 + 0.17)^6 = $3,820.42
Net present value of Project A = PV of annual cash inflow + PV of salvage value - Cost of equipment required = $89,729.62 + $3,820.42 - $135,000 = -41,449.96
2. Compute the net present value of Project B. (Enter negative values with a minus sign. Round your final answer to the nearest whole dollar amount.)
Working capital investment required = $135,000
Using the formula for calculating the present value of an ordinary annuity, the present value (PV) of the annual cash inflows can be calculated as follows:
PV of annual cash inflow = Annual cash inflow * (1 - (1 / (1 + discount rate))^Project life) / discount rate) = $63,000 * ((1 - (1 / (1 + 0.17))^6) / 0.17) = $226,118.64
The present value (PV) of the Working capital investment required can be calculated as follows:
PV of Working capital investment required = Working capital investment required / (1 + + discount rate)^Project life = $135,000 / (1 + 0.17)^6 = $52,628.21
Net present value of Project B = PV of annual cash inflow + PV of Working capital investment required - Working capital investment required = = $226,118.64 + $52,628.21 - $135,000 = $143,746.85
3. Which investment alternative (if either) would you recommend that the company accept?
From parts 1 and 2 above, we have:
Net present value of Project A = -41,449.96
Net present value of Project B = $143,746.85
Since the Net present value of Project A is negative, it should be rejected.
Since the Net present value of Project B is positive, it should be accepted.
Therefore, I would recommend that company accept Project B.
The Office Supplies account is Select one: a. an asset, and it has a normal credit balance. b. a revenue, and it has a normal credit balance. c. an expense, and it has a normal credit balance. d. an asset, and it has a normal debit balance. e. a revenue, and it has a normal debit balance.
Answers
Answer:
C)
Explanation:
1) Which of the following statements is false? A) The variance increases with the magnitude of the deviations from the mean. B) The variance is the expected square deviation from the mean. C) Two common measures of the risk of a probability distribution are its variance and its standard deviation. D) If the return is risk-free and never deviates from its mean, the variance is one.
Answers
Answer:
D) If the return is risk-free and never deviates from its mean, the variance is one.
Explanation:
In the given case, the following statements are true:
a. In the case when the variance increased so the deviation magnitude from the mean is also increased
2. The variance is the predicted square deviation from the mean
3. And, the two common measures of the risk is the variance and the standard deviation
But when the return is risk less so the variance should be zero not one
Therefore the option d is false
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Reflect on how the money multiplier concept can be an important tool of both expansionary as well as contractionary monetary policy for any central bank such as the U.S. Federal Reserve Bank?
Answers
The money multiplier can be used as an expansionary and also an expansionary tool by a given government.
What is an expansionary tool?As an expansionary tool, the money multiplier may be used to increase the amount of money supply that is in an economy. This would cause the interest rates to be low so that people would not have much benefits from saving their money.
As a contractionary toolThe money multiplier can be used to reduce the amount of money that is in circulation in a given economy. This would make people want to save more money in the bank because the interest rate is going to be raised.
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A company has a process that results in 24.000 pounds of Product A that can be sold for $8 per pound. An alternative would be to process Product A further at a cost of $160,000 and then sell it for $14 per pound. Should management sell Product A now or should Product A be processed further and then sold
Answers
Answer:
Yes the management should sell product A and processed further
Explanation:
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Interventions strategies to prevent restrictions or barrier in small businesses townships
Answers
To prevent restrictions or barriers in small businesses in townships, several intervention strategies can be implemented:
1. Business Development Support: Offer training programs, workshops, and mentorship opportunities to help small business owners develop essential skills such as financial management, marketing, and business planning.
2. Access to Capital: Establish microfinance programs or low-interest loan schemes to provide small businesses with the necessary funds to start or expand their operations. Additionally, create partnerships with financial institutions to streamline the loan application process.
3. Infrastructure Improvement: Invest in upgrading township infrastructure, including roads, electricity, and internet connectivity. This will enhance the business environment, attract investors, and facilitate smoother operations for small businesses.
4. Regulatory Simplification: Simplify and streamline licensing and permit procedures, reducing bureaucracy and paperwork burdens. This will make it easier for entrepreneurs to start and operate businesses, fostering a favorable environment for small enterprises.
5. Market Linkages: Facilitate connections between small businesses and larger supply chains, enabling them to access wider markets and secure stable customer bases. This can be achieved through networking events, trade fairs, and partnerships with established businesses.
6. Local Procurement Policies: Encourage local governments and institutions to adopt procurement policies that prioritize purchasing goods and services from small businesses in the townships, thereby boosting their economic growth and sustainability.
7. Collaborative Initiatives: Foster collaboration among small businesses by establishing business associations, cooperatives, or incubation centers. These platforms can provide shared resources, collective marketing efforts, and a supportive community.
By implementing these intervention strategies, the barriers and restrictions faced by small businesses in townships can be minimized, promoting their growth, sustainability, and contribution to the local economy.
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Research a cyber espionage case and briefly describe it provide a link to the website source
Answers
The Shadow Brokers is a cyber espionage case in which a hacking group, known as the Shadow Brokers, leaked a trove of confidential information from the National Security Agency (NSA).
What is cyber?Cyber is a term that is used to describe the use of technology, specifically computer and network technology, to carry out various activities. Cyber technology has been used to perform a wide range of tasks, from communicating with others to managing data, accessing information, and completing transactions.
The documents were released in August 2016 and revealed the existence of a number of hacking tools used by the NSA to exploit vulnerabilities in Windows computers, routers, and other devices. The Shadow Brokers also claimed to have access to other sensitive data, such as source code for the NSA's malware, which could be used to create more sophisticated cyber attacks. The leak has led to increased scrutiny of the NSA’s surveillance activities, as well as a heightened awareness of the need for better cyber security measures.
Source: https://www. cfr. org/cyber-policy/shadow-brokers-case-study.
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The Shadow Brokers is a cyber espionage case in which a hacking group, known as the Shadow Brokers, leaked a trove of confidential information from the National Security Agency (NSA).
What is cyber?Cyber is a term that is used to describe the use of technology, specifically computer and network technology, to carry out various activities. Cyber technology has been used to perform a wide range of tasks, from communicating with others to managing data, accessing information, and completing transactions.
The documents were released in August 2016 and revealed the existence of a number of hacking tools used by the NSA to exploit vulnerabilities in Windows computers, routers, and other devices. The Shadow Brokers also claimed to have access to other sensitive data, such as source code for the NSA's malware, which could be used to create more sophisticated cyber attacks. The leak has led to increased scrutiny of the NSA’s surveillance activities, as well as a heightened awareness of the need for better cyber security measures.
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On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2022. Expenditures on the project were as follows:January 1, 2021 $290,000 September 1, 2021 $408,000 December 31, 2021 $408,000 March 31, 2022 $408,000 September 30, 2022 $290,000 Kendall borrowed $786,000 on a construction loan at 12% interest on January 1, 2021. This loan was outstanding throughout the construction period. The company had $4,680,000 in 9% bonds payable outstanding in 2021 and 2022.Interest capitalized for 2021 was:__________
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Answer:
Interest capitalized for 2021 was $51,120.
Explanation:
To calculate this, we use the weighted-average method of calculating capitalized interest which is calculated as the multiplication of interest rate and the sum of the weight of each expenditure based on the number of months within a year. This can be stated mathematically as follows:
Therefore, the interest capitalized for 2021 can be calculated as follows:
Weighted expenditure from January 1, 2021 to December 31, 2021 = $290,000 * (12 months / 12 months) = $290,000.
Weighted expenditure from September 1, 2021 to December 31, 2021 =$408,000 * (4 months / 12 months) = $136,000.
Weighted expenditure from December 31, 2021 to December 31, 2021 = $408,000 * (0 months / 12 months) = $0.
Sum of weighted expenditure for for 2021 = $290,000 + $136,000 + $0 = $426,000
Interest capitalized for 2021 = Sum of weighted expenditure for for 2021 * Interest on construction loan = $426,000 * 12% = $51,120
Therefore, interest capitalized for 2021 was $51,120.
You are a newspaper publisher. You are in the middle of a one-year factory rental contract that requires you to pay $500,000 per month, and you have contractual salary obligations of $1,000,000 per month that you can’t get out of. You also have a marginal printing cost of $0.35 per paper as well as a marginal delivery cost of $0.10 per paper. Instructions: Enter your answers rounded to two decimal places.
a. If sales fall by 20 percent from 1,000,000 newspapers per month to 800,000 newspapers per month, what happens to the AFC per newspaper?
AFC per newspaper rises from $____ to $_____.
b. What happens to the MC per newspaper?
MC per newspaper does not change
c. What happens to the minimum amount that you must charge to break even?
it rises from $____ to $_____.
Answers
a. The AFC increases from $1.50 to $1.88 after the decrease in sales.
b. The Marginal Costs (MC) do not change.
C. It rises. The company needed to charge $1.85 per paper
How does one arrive these answers?The analysis of the answers go thus:
a. The average fixed cost (AFC) was $1.50, which equate the total fixed cost ($1.5 million) divide it by number of papers sold (1 million). By extension,
= $1,500,000/1,000,000).
Assume sales fall by 20% to 800,000 papers sold, the new AFC is $1.88.
= the total fixed cost divided by the new number of papers sold, = $1,500,000/800,000).
Thus, the AFC increases from $1.50 to $1.88 after the decrease in sales.
b. The marginal printing and marginal delivery costs are alike; as a result, marginal costs remains same.
c. To break even before the decline in sales, the company needed to charge enough to cover the AFC, $1.50, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper. Thus, the company needed to charge $1.85 per paper. To break even after the decline in sales, the company needs to charge enough to cover the AFC, $1.88, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper (note this does not change because the cost is per paper). Thus, the company needs to charge $2.23 per paper.
Therefore, the correct answer is as given above.
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Which of the following income and expense items is NOT recorded initially directly in equity?
A. The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period.
B. An increase in the fair values of land & buildings, where the revaluation method is used to account for land & buildings in accordance with IAS 16 Property, Plant & Equipment.
C. A change in the fair value of an investment in another entity, which is classified as an available-for-sale financial asset in accordance with IAS 39 Financial Instruments: Recognition & Measurement.
D. Foreign currency translation adjustments arising on the translation of a foreign operations financial statements from their functional currency in accordance with IAS 21 The Effects of Changes in Foreign Exchange Rates.
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The income and expense items that is NOT recorded initially directly in equity is A. The impairment of goodwill in accordance with IAS 36 Impairment of Assets, where the entity is confident that the factors giving rise to the impairment will reverse in a future period.
What is equity?Equity can be regarded as the ownership interest in property which can be used in the offset by debts or other liabilities.
It should be noted that there are some of the income and expense items which is been recorded in this , this can be increase in the fair values of land & buildingsas well as others.
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1) Name the term used when a company holds multiple positions on a supply chain
Answers
Answer:
vertical integration
Explanation:
Vertical integration takes place when a company expands its supply chain either up or down. Upstream supply chain refers to a company's suppliers, e.g. a meat processing company that starts to buy cattle ranches would be vertically integrating its upstream supply chain. A company that opens retail stores would be vertically integrating its downstream supply chain.