For each of the following cases, determine the amount of the notes payable reported as current and non-current at December 31, 2020. Case 1 Taft, Inc. has P3 million of notes payable due June 15, 2021. At December 31, 2020, Taft signed an agreement to borrow up to P3 million to refinance the notes payable on a long-term basis. The financing agreement called for borrowings not to exceed 80% of the value of the collateral Taft was providing. At the date of issue of the December 31, 2020 financial statements, the value of the collateral was P3.6 million and was not expected to fall below this amount. 260 Scanned with CamScanner Chapter 5 - Financial Liabilities Case 2 Taft, Inc. has P2 million i noves payable due June 15, 2021. At February 15, 2021, Taft signed an agreement to borrow up to P2 million to refinance the notes payable on a long-term basis. The financing agreement called for borrowings not to exceed 80% of the value of the collateral Tait was providing the value of the collateral was P2.4 million and was not expected to fall below The financial statements are authorized for this amount. issuance on March 5, 2021. Case 3 Situation A. In October 2018, Wilson Corporation acquired land from Woodrow, Inc. by paying P1,000,000 down and signing a note with a maturity value of P6 million due October 31, 2020. Under the terms of the financing agreement, Wilson has the discretion to roll over the obligation for at least twelve months. In October 2020, management decides to exercise its discretion to extend the maturity date of its obligation to December 31, 2021. Situation B. Under the terms of the financing agreement, Wilson has the discretion to roll over the obligation for at least twelve months. In October 2020 management decides to exercise its discretion to extend the maturity date of its obligation to December 31, 2022. Situation C. The existing loan agreement does not carry a provision to refinance. In October 2020, Wilson was experiencing financial difficulty and was unable to pay the maturing obligation. On February 1, 2021, Woodrow has agreed not to demand payment for at least 12 months as a consequence of the breach of payment on the principal of the loan. The financial statements were authorized for issue on March 31, 2021. Situation D. The existing loan agreement does not carry a provision to refinance. In October 2020, Wilson was experiencing financial difficulty and was unable to pay the maturing obligation. On December 31, 2020, Woodrow signed an agreement to provide Wilson a grace period of 15 months from that date, during which period, Woodrow will not demand immediate payment in order to give Wilson the chance to rectify the breach. The financial statements were authorized for issue on March 31, 2021.

Answer:

Outstanding Checks should be subtracted from the bank side of the reconciliation because they were subtracted from the book balance when the checks were written.

Explanation:

The two tax rates differ in the following ways: The margin is the amount you must pay on your subsequent dollar of income.

How does the effective tax rate differ?

Actual tax rate: This represents the average tax rate for a taxpayer, or the percentage of their annual income that must be allocated to paying taxes. The amount of tax that is levied on each successive level of income is known as the marginal tax rate.

How are the effective tax rate and marginal tax rate determined?

A marginal tax rate is the top tax bracket that an individual or corporation is subjected to depending on the highest income band that their earnings are classified under. By subtracting the actual income tax expense from the actual net income of the business, an effective tax rate is determined.

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Answer:

Happy New Year

Explanation:

According to the condition, the rules like these often function as trade barriers. The correct option is (B).

A trade barrier is a type of policy that the government or public officials enact to make imported products and services less affordable than those created domestically.

The importance of trade obstacles is also evident in India, a country that has made a commitment to increasing its independence and decreasing its reliance on other countries.

Therefore, due to some of the 11,000 trade regulations that specify how goods are to be made and marketed, Japanese car safety rules effectively require all automobile replacement parts to be Japanese. rules like these often function as trade barriers.

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This question is incomplete the complete question is:

Due to some of the 11,000 trade regulations that specify how goods are to be made and marketed, Japanese car safety rules effectively require all automobile replacement parts to be Japanese. rules like these often function as:

a) economic infrastructure

b) trade barriers

c) universal codes

d) binding requirements

e) targets for bribery

Answer:

Simply put, market share is a key indicator of a company's competitiveness. When a company increases its market share, this can improve its profitability. This is because as companies increase in size, they too can scale, therefore offering lower prices and limiting their competitors' growth.

You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period.
It's important to calculate and understand market size for several reasons. First, entrepreneurs and organizations can use market sizing to estimate how much profit they could potentially earn from a new business, product or service. This helps decision-makers to decide whether they should invest in it.

Answer:

Team work is when every one comes together to do or accomplish something and the definition of team is a group of people that play for the same thing it's important in life because when you get into the real world you will have to work with other people even if you don't like them one issue that hinders you from wanting to work with other people is you don't like those other people one thing you can change so you can be successful when working in teams is try to get along with everyone else on the team.

To find the optimal single price to charge and the corresponding total revenue, we need to maximize the total revenue function. The total revenue function is given by multiplying the price (p) by the quantity demanded (q).

In this case, the quantity demanded is the minimum of the available seats (53,000) and the quantity corresponding to the demand curve for the general public (dg(pg)). Substitute the available seats (53,000) into the demand curve for the general public: dg(pg) = (120,000 – 3,000pg). Set the quantity demanded (q) equal to the available seats: q = min(53,000, (120,000 – 3,000pg)). Substitute the value of q into the total revenue function: R(p) = p * q. Differentiate the total revenue function with respect to p to find the price that maximizes revenue. Set the derivative equal to zero and solve for p.

To find the optimal separate prices to charge for students and the general public and the corresponding total revenue, we follow a similar approach as in part (a). However, this time we consider the demand curves for both students (ds(ps)) and the general public (dg(pg)). Calculate the total revenue for each group by multiplying the optimal prices (ps and pg) by the corresponding quantities demanded.  The "opportunity cost" of having a capacity of 53,000 as opposed to 60,000 can be calculated by finding the difference in total revenue between the two cases (charging a single price and separate prices).The difference in total revenue represents the "opportunity cost" of having a capacity of 53,000 instead of 60,000 for both cases.

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Answer:  Monochromatic

Explanation:  Mono = 1, Chromatic = color:  Everything is white.

Reaching consensus on ethical behavior is sometimes a challenge because ethical beliefs are determined at the individual level, societal norms can vary, and laws may differ from what is morally right.

Reaching a consensus on what is or isn't ethical behavior can be a challenge due to several factors. One of the reasons is that ethical beliefs are determined at the individual level.

Each person has their own unique set of values, beliefs, and cultural background that shape their perception of what is right or wrong. These individual differences can lead to conflicting viewpoints and interpretations of ethical standards.

Furthermore, ethical beliefs can also be influenced by societal norms and cultural practices. Different societies and cultures may have varying ethical standards and expectations, making it difficult to establish a universal consensus on ethical behavior.

Moreover, ethical dilemmas often involve complex and subjective situations where individuals may have different perspectives on what is morally right. The interpretation of laws and regulations can also vary, and sometimes laws may not align with what is considered morally right by certain individuals or groups.

In summary, the challenge in reaching consensus on ethical behavior arises from the individual-level determination of ethical beliefs, the influence of societal norms, and the potential mismatch between laws and moral principles. These factors contribute to the complexity and subjectivity of ethical decision-making.

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To become an engineer, you typically need to complete a four-year bachelor's degree program. However, some engineering fields, such as aerospace or chemical engineering, may require additional years of study. Additionally, pursuing a graduate degree in engineering can take an additional one to two years beyond the bachelor's degree.

In total, depending on the field of engineering and level of education pursued, it can take anywhere from four to six years or more to complete an engineering education. It is important to note that engineering is a constantly evolving field, and continuing education and professional development may also be necessary throughout an engineer's career to stay current with new technologies and industry trends. Overall, becoming an engineer requires a significant investment of time and effort, but can lead to rewarding and fulfilling career opportunities.

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Answer:all of the above

Explanation:

Take ultimate responsibility for the creative product and final ad is the role of an art director. Hence,  option C is correct.

Art directors choose which photographs, pieces of art, or other design elements to employ. Art directors provide the visual style and images that are utilized in periodicals, newspapers, commercial packaging, and film and television productions. They create the overall plan and provide guidance to others who create the artwork or layouts.

A "art director" is a professional who makes up a creative team in an advertising agency, similar to a "copywriter." However, in the context of design, it alludes to a hierarchical level and the leader of a team of designers.

Thus, option C is correct.

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The correct option is option C, $10,710.00. An ordinary annuity is a type of investment where regular payments are made at the end of each period.

In contrast, a due annuity requires payments at the beginning of each period. In this case, we need to calculate the future value of the same annuity due, given that the future value of an ordinary annuity is $10,000 and the interest rate is 4%.

To calculate the future value of a due annuity, we can use the following formula:

FV = PMT x [(1 + r)^(n+1) - 1] / r

where FV is the future value, PMT is the regular payment, r is the interest rate, and n is the number of periods.

In this case, the PMT is unknown, but we can use the future value of the ordinary annuity and the formula for the future value of an ordinary annuity to calculate it:

FV = PMT x [(1 + r)^n - 1] / r

10,000 = PMT x [(1 + 0.04)^7 - 1] / 0.04

PMT = $1,155.77

Now we can use this PMT in the formula for the future value of a due annuity:

FV = 1,155.77 x [(1 + 0.04)^(7+1) - 1] / 0.04

FV = $10,710.00

Therefore, the correct option C, $10,710.00.

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The example of communication illustrated by Audrey is two-way communication.

It should be noted that communication simply means the exchange of information between parties.

In this case, Audrey outlined a plan that she thought would suit everybody and sent it to all the members, asking them for their opinions and suggestions. This form of communication that is illustrated by Audrey is two-way communication.

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Adidas Group owns Reebok, Rockport, and Greg Norman brands. Adidas uses the different brands to pursue a multi-brand strategy.

A multi-brand strategy allows Adidas to cater to different consumer segments and market niches, each with its unique set of preferences, needs, and buying behaviors. By leveraging the strengths and positioning of each brand, Adidas can maximize its market share and revenue potential across multiple categories and geographies

By using a multi-brand strategy, Adidas can avoid cannibalization and brand dilution, which occurs when too many products with similar features are marketed under a single brand name.

Instead, the company can capitalize on the unique identities and value propositions of its different brands, creating a diverse and comprehensive product portfolio that appeals to a wide range of consumers.

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Answer:

your house car etc. things like that

Explanation:

Answer:

Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.

Explanation:

I hope this helps you sorry if it doesn’t

Answer:

It is called A bird came down the Walk by Emily Dickinson

Player 1's optimal strategy is B and equilibrium payoff is 16.

b. Player 1's equilibrium payoff is 16.

Steps to determine the equilibrium payoff:

Determine player 2's best response to each of player 1's strategies.

Determine player 1's best response to each of player 2's strategies.

Identify the Nash equilibrium.

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The wealth effect, interest-rate effect, and exchange-rate effect are all explanations for the slope of the aggregate-demand curve.

The wealth effect is used to explain the phenomenon whereby people tend to spend more money, when they have more assets. Simply put, when people have more spending capacity, they spend more.

This is similar to the interest - rate effect and the exchange - rate effect because they all show why the slope of the aggregate demand curve is downward sloping which is that when prices are lower, people tend to buy more.

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The downstream marginal costs of extra inputs required by the downstream monopolist and the periphery companies, in that order, are represented by the letters w and v.

When there is "no competition" in a market, it creates a situation where one person or business is the only supplier of a given good or service. This contrasts with oligopoly and duopoly, which are examples of markets dominated by a small number of vendors, and monopsony, which refers to a single entity's ownership of a market to purchase an item or service. Therefore, the absence of economic rivalry to manufacture the commodity or service, the absence of effective substitutes, and the potential for a high monopoly price substantially above the seller's marginal cost that results in a high monopoly profit are the characteristics of monopolies. In terms of the law, a monopoly is a company that has a large amount of market power, or the ability to set excessively high prices.

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Answer:

This means that Nepal, as a very underdeveloped country, lacks the necessary amount of domestic capital to build a healthy and functional economy, and for this reason, it requires international help in the form of foreign direct investment that can supply more capital to the country, capital that is used to set up new companies and investment projects that employ more Nepalese people.

a) Contribution Margin per Unit: $770, Break-Even Point in Units: ≈ 155.84, Break-Even Point in Sales Dollars: ≈ $194,800.

b) Number of Units for $300,000 Profit: ≈ 584.42, Sales Revenue for $300,000 Profit: ≈ $730,525.

c) New Contribution Margin per Unit: $1,410, New Break-Even Point in Units: ≈ 94.33, New Break-Even Point in Sales Dollars: ≈ $117,912.50.

d) Additional Sales Revenue: $62,500, Contribution from Additional Sales: $38,500, Additional Advertising Expense: $31,000. Conclusion: Increase in advertising expenditure is justified as it would result in a positive contribution to profit.

a) To calculate the contribution margin per unit, break-even point in units, and break-even point in sales dollars, we need the following information:

Selling price per router: $1,250

Direct materials per router: $270

Direct labor per router: $130

Variable overhead per router: $80

Total fixed costs: $120,000

Contribution Margin per Unit:

Contribution Margin per Unit = Selling Price per Unit - Variable Costs per Unit

Contribution Margin per Unit = $1,250 - ($270 + $130 + $80)

Contribution Margin per Unit = $1,250 - $480

Contribution Margin per Unit = $770

Break-Even Point in Units:

Break-Even Point in Units = Total Fixed Costs / Contribution Margin per Unit

Break-Even Point in Units = $120,000 / $770

Break-Even Point in Units ≈ 155.84

Break-Even Point in Sales Dollars:

Break-Even Point in Sales Dollars = Break-Even Point in Units × Selling Price per Unit

Break-Even Point in Sales Dollars = 155.84 × $1,250

Break-Even Point in Sales Dollars ≈ $194,800

b) To calculate the number of units and sales revenue needed to earn $300,000 of profit, we need to consider the contribution margin per unit and total fixed costs:

Number of Units for $300,000 Profit:

Number of Units = (Total Fixed Costs + Desired Profit) / Contribution Margin per Unit

Number of Units = ($120,000 + $300,000) / $770

Number of Units ≈ 584.42

Sales Revenue for $300,000 Profit:

Sales Revenue = Number of Units × Selling Price per Unit

Sales Revenue = 584.42 × $1,250

Sales Revenue ≈ $730,525

c) If the company reduces variable costs by $220 per unit and incurs an additional $20,000 in total fixed costs, the new calculations would be:

New Contribution Margin per Unit = $1,250 - ($270 - $220 + $130 + $80) = $1,410

New Break-Even Point in Units = ($120,000 + $20,000) / $1,410 ≈ 94.33

New Break-Even Point in Sales Dollars = 94.33 × $1,250 ≈ $117,912.50

d) To determine whether the company should increase advertising expenditure, we need to consider the additional sales generated by the increased advertising and compare it to the additional expense:

Contribution Margin per Unit: $770

Additional Units Sold: 50

Additional Sales Revenue: 50 × $1,250 = $62,500

Contribution from Additional Sales = Additional Units Sold × Contribution Margin per Unit = 50 × $770 = $38,500

Additional Advertising Expense: $31,000

Since the contribution from the additional sales ($38,500) exceeds the additional advertising expense ($31,000), it would be justified for the company to increase advertising expenditure as it would result in a positive contribution to profit.

Please note that these calculations are based on the provided data and assumptions, and actual results may vary.

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Vertical Integration.

It is a methodology that permits an organization to smooth out its tasks by taking direct responsibility for phases of its creation cycle instead of depending on outside workers for hire or providers.

It works when an organization endeavors to expand its impression across the store network or assembling process. Rather than adhering to a solitary point along the cycle, an organization takes part in vertical reconciliation to turn out to be more confident on different parts of the interaction.

There are three types of vertical integration are:-

Backward Integration:- moves the possession control of its items to a point prior in the store network.

Forward Integration:- extends by dealing with the conveyance cycle and offer of its done items.

Balanced Integration:- plans to converge with organizations both before it and after it along the inventory network.

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Answer:

Answer : A. Void

Explanation:

Just took the test

To answer this question, we need to use the FIFO (first-in, first-out) method of inventory valuation. This means that we assume the items that were purchased first are the ones that are sold first, and the items purchased later are the ones that remain in inventory.

Based on the given data, we have the following inventory purchases and sales:

- Beginning inventory: 30 clarinets at $400 each = $12,000
- Purchase on April 4: 60 clarinets at $420 each = $25,200
- Purchase on May 15: 70 clarinets at $440 each = $30,800
- Sales: 100 clarinets at $700 each = $70,000

To calculate the ending inventory on a FIFO basis, we need to start by assuming that the first 30 clarinets sold were the ones from the beginning inventory. This means that we have 30 clarinets left in inventory that were purchased on April 4 and 70 clarinets that were purchased on May 15.

Next, we need to allocate the cost of these remaining clarinets based on the FIFO method. This means that we assume the 30 clarinets purchased on April 4 were sold next, followed by 70 clarinets from the May 15 purchase. This leaves us with 0 clarinets in inventory from the April 4 purchase and 40 clarinets in inventory from the May 15 purchase.

To calculate the cost of these remaining 40 clarinets, we use the unit cost from the May 15 purchase, which was $440 per clarinet. Therefore, the amount allocated to ending inventory on a FIFO basis is:

40 clarinets x $440 per clarinet = $17,600

Adding this amount to the beginning inventory gives us a total ending inventory of:

$12,000 + $17,600 = $29,600

Therefore, the answer is option A: $18,220 is not correct; option B: $18,370 is not correct; option C: $38,480 is not correct; option D: $38,530 is not correct.

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Answer:

its c

Explanation:

The first step to merging is entering the ramp and signaling your intent. The correct option is C.

Thus, Entering the ramp and indicating your purpose is one of the important basic stages. To do this, park your car in the merge lane or on the ramp while turning on your turn signal to signal that you want to merge into traffic.

By signalling, you let other drivers know what you're planning, letting them to either slow down or create room for you to merge safely.

Recall that caution and attention to traffic conditions are required while merging into a highway or into a merging lane. Always pay attention to how traffic is moving, make a smooth and safe merge when you must, and always yield.

Thus, The first step to merging is entering the ramp and signaling your intent. The correct option is C.

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Answer:

a high school diploma or on the job training