Swede Hotel had net income for 2020 of $130,600. Included in net income was depreciation of $2,100, a gain on sale of land of $7,000, loss on sale of equipment of $9,200 and income taxes of $30,700. Using the information given, calculate the net cash provided (used) by operating activities using the indirect method. Assume that the balances of current assets (except cash) and current liabilities remain the same as last year.
Answers
The net cash provided (used) by operating activities using the indirect method is $105,200.
To calculate the net cash provided (used) by operating activities using the indirect method, we need to make adjustments to the net income by adding back non-cash expenses and gains and subtracting non-cash income and losses.
First, we add back the depreciation expense since it is a non-cash expense:
Net income + Depreciation = $130,600 + $2,100 = $132,700
Next, we subtract the gain on the sale of land and add the loss on the sale of equipment since they are non-cash gains and losses respectively:
Net income + Depreciation - Gain on sale of land + Loss on sale of equipment
= $132,700 - $7,000 + $9,200 = $135,900
After adjusting for these items, we have the net income figure that reflects the cash inflows and outflows from operating activities. However, we need to further adjust for income taxes.
To calculate the net cash provided (used) by operating activities, we need to subtract the income taxes:
Net cash provided (used) by operating activities = Net income + Depreciation - Gain on sale of land + Loss on sale of equipment - Income taxes
= $135,900 - $30,700 = $105,200
Therefore, the net cash provided (used) by operating activities using the indirect method is $105,200. This represents the net cash generated or utilized from the day-to-day operations of Swede Hotel during 2020, after considering non-cash items and income taxes.
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Related Questions
Taylorism emphasises the formal structure, hierarchy of management, the technical requirements and the assumption of rational behaviour Question Attachment: Answer O True O False
Answers
Taylorism underlines the conventional construction, order of the executives, the specialized prerequisites and the supposition of judicial way of behaving is a genuine assertion.
judicial way , Arrangement of logical administration upheld by Fred W. Taylor. In Taylorism view, the assignment of processing plant the executives was to decide the most effective way for the laborer to finish the work, to give the appropriate apparatuses and preparing, and to give motivations to great execution.
He separated each occupation into its singular movements, examined these to figure out which were fundamental, and planned the specialists with a stopwatch.
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the calculates the reward to risk trade-off by dividing the average portfolio excess return by the portfolio beta. the calculates the reward to risk trade-off by dividing the average portfolio excess return by the portfolio beta. treynor measure jensen's measure information ratio sharpe measure
Answers
The Treynor measure calculates the reward to risk trade-off by dividing the average portfolio excess return by the portfolio beta.
What Is the Treynor Index? The excess return per unit of risk in a portfolio is examined by the Treynor Index to determine the risk-adjusted performance of that portfolio. Excess return in the context of the Treynor Index refers to the return that was obtained over and above the return that would have been possible from a risk-free investment.The Treynor ratio investigates the extra return produced for each unit of risk in a portfolio, whereas the Sharpe ratio aids investors in understanding an investment's return in relation to its risk.Because it indicates more returns for each unit of risk, a higher Treynor ratio is preferred. Additionally, it indicates that the asset or portfolio of assets has performed better than may have been predicted given the degree of risk assumed.Learn more about Treynor Index refer to :
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LENGAGE |
1
MINDTAP
y It-Ch. 14 Assignment
2.
3.
O
Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which
hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that
the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less
electricity.
Inputs and Outputs
Hairstyles per week
Labor costs per week
Energy costs per week
Material costs week
Capital investment
Productivity
Current (this year)
Current (this year)
290
$950
$390
$360
50
Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate
calculations. Round your answers to three decimal places.
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Q Search this course
>
Expected (next year)
360
$990
$335
$395
$13,000
Expected (next year)
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Labor
Energy
Material
Total
What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places.
Check My Work
Answers
The percentage change in total productivity 1. %increase = 13.3%
2. a. Increase = 11.5%
b. Increase = 37%
c. Increase = 10.8%
How to calculate Current and Expected year?
Productivity = total output/ total input
Productivity = weekly hairstyle/ (weekly labor cost + weekly energy cost + weekly material cost)
1. Current productivity:
Productivity = $0.15 per hairstyle
Expected productivity:
Productivity = 300/(1010+350+325)
Productivity = $0.17 per hairstyle
% increase = ($0.17/0.15) -1
%increase = 13.3%
2. a. labor productivity
productivity =total output/total input
current productivity = 250/960
current productivity = $0.26 per hair style
Expected productivity = 300/1010
Expected productivity = $0.29 per hair style
Increase = (0.29/0.26) -1
Increase = 11.5%
b. energy productivity
current productivity = 250/400
current productivity = $ 0.62 per hairstyle
expected productivity = 300/$350
Expected productivity = $0.85 per hairstyle
Increase =(0.85/0.62)-1
Increase = 37%
c. material productivity
current productivity = 250/300
current productivity = $0.83 per hair style
expected productivity = 300/$325
Expected productivity = $0.92 per hairstyle
Increase = (0.92/0.83)-1
Increase = 10.8%
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Company J must choose between two alternative business expenditures with the following cash flows:
Expenditure 1: $80,000 cash outflow
Expenditure 2: $60,000 cash outflow
Required:
a. Determine the marginal tax rate at which the after-tax cash flows from the two expenditures are equal assuming that Expenditure 1 is fully deductible and Expenditure 2 is non deductible.
b. Determine the marginal tax rate at which the after-tax cash flows from the two expenditures are equal assuming that Expenditure 1 is 50 percent deductible and Expenditure 2 is nondeductible.
c. Determine the marginal tax rate at which the after-tax cash flows from the two expenditures are equal assuming that Expenditure 1 is fully deductible and Expenditure 2 is 50 percent deductible.
Answers
Answer:
A. 25%
B. 50%
C. 40%
Explanation:
A. Calculation to determine the marginal tax rate assuming that Expenditure 1 is fully deductible and Expenditure 2 is non deductible
Lets marginal tax rate be X%
Marginal tax rate =$80,000 - [$80,000*X%] = 60,000$
Marginal tax rate =$80,000*X% = $80,000-$60,000
Marginal tax rate =$80,000*X% =$20,000
Marginal tax rate =X= $20,000/$80,000
Marginal tax rate =X= 25%
Therefore the marginal tax rate assuming that Expenditure 1 is fully deductible and Expenditure 2 is non deductible will be 25%
b. Calculation to Determine the marginal tax rate
assuming that Expenditure 1 is 50 percent deductible and Expenditure 2 is nondeductible.
Marginal tax rate=$80,000 - [$80,000*50%*X%] =$ 60,000
Marginal tax rate=$40,000*X%=$20,000
Marginal tax rate=X%=50%
Therefore the marginal tax rate
assuming that Expenditure 1 is 50 percent deductible and Expenditure 2 is nondeductible will be 50%
c.Calculation to determine the marginal tax assuming that Expenditure 1 is fully deductible and Expenditure 2 is 50 percent deductible.
Marginal tax rate=$80,000- [$80,000*X] = $60,000 - [$60,000*50%*X]
Marginal tax rate=$80,000-$60,000 = [$80,000*x] - [$30,000*x]
Marginal tax rate=$20,000 =$50,000X
Marginal tax rate=X=$20,000/$50,000
Marginal tax rate=X=40%
Therefore the marginal tax assuming that Expenditure 1 is fully deductible and Expenditure 2 is 50 percent deductible will be 40%
Which set of documents do you need to correct a mistake on a filed tax return
Answers
Answer:
Form 1040x
Explanation:
Consider the market for orange juice. In this market, the supply curve is given by QS = 100PJ −20PO and the demand curve is given by QD = 1000−150PJ +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee.
Answers
QS = 100PJ −20PO
QD = 1000−150PJ +100PC
Setting QS = QD, we get:
100PJ −20PO = 1000−150PJ +100PC
Solving for PJ, we get:
PJ = (1000 + 20PO - 100PC)/250
Therefore, the equilibrium price of orange juice (PJ) is dependent on the price of oranges (PO) and the price of coffee (PC).
Also, we can find the equilibrium quantity of orange juice by substituting the equilibrium price into either the supply or demand equation.
QS = 100PJ -20PO
QD = 1000 -150PJ +100PC
As the value of QS=QD, we can substitute either of the equation and find the value of Q.
a 2% increase in customer retention has the same net effect on a business as decreasing costs by 10%
Answers
Customer retention can increase company revenue by 25-95% with a 5% increase. Customers who are returning buy more frequently and spend more money than new customers. They recognize the worth of a product or service and return time and time again.
What is the customer retention percentage?The percentage of existing clients who remain customers after a certain period is referred to as the customer retention rate. Your customer retention rate can help in understanding what keeps customers coming back to your company and can also indicate opportunities to improve customer service.
Acquiring new customers can cost up to five times as much as satisfying and retaining existing customers. A 2% increase in customer accumulation has the same effect as a 10% reduction in costs. Increasing customer retention by 5% boosts profits by 25 to 95%.
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2
On January 2, Good Sound, Inc. purchased a speaker for sale on account with a listed price of $2,100. On January 15,
Good Sound sold to Sweet Coffee, Inc. a speaker on account for $3,500 with terms of 3/15, n 45. On January 20,
Sweet Coffee paid the invoice in full. What is net amount of Sales Revenue (1.e. Net Sales Revenue) reported to Good
Sound's Income statement?
Answers
Answer:
noise pollution
Explanation:
because it is a very good noise
Discuss the political, social, economic, technological and other
configurations that support cross-border trade by giving examples of any
multinational firms operating in Ethiopia
Answers
Answer: , I can give you an overview of the political, social, economic, and technological factors that support cross-border trade, along with some examples of multinational firms operating in Ethiopia.
Political Factors: - The government's policies and regulations play a significant role in supporting cross-border trade. - A favorable political climate encourages multinational firms to invest in the country.
- Ethiopia has implemented policies aimed at attracting foreign investors, such as tax incentives and relaxed regulations.
- The government's efforts to improve infrastructure, such as roads and ports, has also contributed to the growth of cross-border trade. Social Factors:
- The availability of skilled and affordable labor is an important factor that influences the growth of multinational firms in Ethiopia. - Ethiopia's young and growing population presents an opportunity for firms to expand their markets. - The cultural diversity of the country is also attractive to multinational firms seeking to expand their operations globally. Economic Factors: - Ethiopia has a liberalized economy with a stable macroeconomic environment that supports cross-border trade. - The country has made significant progress in economic reforms, including the privatization of state-owned enterprises. - Ethiopia's strategic location, with access to the Red Sea and proximity to the Middle East and Europe, has made it an attractive destination for multinational firms. Technological Factors: - Technology has played a significant role in supporting cross-border trade, making it easier and more cost-effective. - The use of e-commerce platforms has made it possible for multinational firms to reach customers in different parts of the world. - The availability of high-speed internet and mobile networks has also facilitated cross-border trade. Examples of Multinational Firms Operating in Ethiopia: - Coca-Cola is a global brand that operates in Ethiopia and has invested heavily in the country. - H&M, the Swedish fashion retailer, has opened stores in Ethiopia, taking advantage of the country's textile industry. - Unilever, the British-Dutch consumer goods company, has also invested in Ethiopia, setting up a manufacturing plant for its products. In conclusion, the political, social, economic, and technological factors mentioned above have contributed to the growth of cross-border trade in Ethiopia. This has attracted multinational firms to invest in the country, with many seeing Ethiopia as a potential hub for doing business in Africa
Explanation:
The most accurate statement of the parol evidence is
Answers
Answer:
The parol evidence rule states that oral evidence of an agreement made prior to or contemporaneously with a written agreement is inadmissible when the parties intend the written agreement to be the complete and final version of their agreement.
Explanation:
Both parties to a case may introduce into court evidence of a prior or contemporaneous agreement in order to modify, explain, or supplement the contract at issue.
Sariah sets challenging sales targets for her team.
Answers
"Sariah sets lofty sales targets for her team" is an example of planning.
What is Planning?Thinking about the steps necessary to accomplish a goal is the process of planning. Foresight, the fundamental ability for mental time travel, is the foundation of planning.
The ability to plan ahead and exhibit foresight is assumed to have evolved early in the course of human evolution.
An essential characteristic of intelligent conduct is planning.
It entails applying logic and creativity to visualize both the desired outcome and the processes required to get there.
Planning's relationship to forecasting is a crucial factor.
Planning envisions what the future may look like while forecasting attempts to anticipate what it will look like.
"Sariah sets ambitious sales targets for her team" is an example of planning.
Therefore, "Sariah sets lofty sales targets for her team" is an example of planning.
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Correct question:
"Sariah sets challenging sales targets for her team" is an example of ____.
Firms in monopolistic competition would: Select one: a. persistently realize economic profits in both the short and long run b. may realize economic profits in the long run and normal profits in the short run c. tend to incur persistent losses in both the short and long run d. tend to realize economic profits in the short run and normal profits in the long run e. none of the above
Answers
Answer:
d. tend to realize economic profits in the short run and normal profits in the long run
Explanation:
Monopolistic competition can be defined as the market structure which comprises of elements of competitive markets (having many competitors) and monopoly.
Firms in monopolistic competition would tend to realize economic profits in the short run and normal profits in the long run
. Purchased $101,900 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Dob 202 Total direct materials Indirect materials Total materials used $ 50,100 25,500 75,600 10,520 $ 86,120 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 41,108 14,500 55,600 26,100 $ 81,700 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhea e. Transferred Job 201 to Finished Goods Inventory 1. (1) Sold Job 201 for $169,460 on credit. (2) Record cost of goods sold for Job 2 g. Incurred the following actual other overhead costs for the month. Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance Total other factory overhead costs $ 33,900 690 990 4,900 $ 40,480 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Factory utilitie Expired factory insurance Total other factory overhead costs $ 41 1. Prepare a job cost sheet for Job 201 and for Job 202 for 2. Compute gross profit on the sale of Job 201. X Answer is complet Complete this question by entering your answers in th Required 1 Required 2 Compute gross profit on the sale of Job 201. Sales Cost of goods sold Job 201 $ 169,460 131,280 Gross Profit $ 21,560 x < Required 1
Answers
The gross profit of the sale of Job is 38, 180. It was the main comparison of the sales revenue and the cost of good sold.
What is gross profit?The term gross profit refers to the profit of the business. The total amount of the profit is the less the cost is the gross profit. It was the subtracting all the selling of the product and services and the manufacturing cost.
The gross profit of the sale of Job = ?
Gross Profit = Revenue – Cost of Goods Sold.
Gross Profit = $169,460 - 131280
Gross Profit = 38,180
As a result, the significance of the gross profit of the sale of Job is 38, 180 are the aforementioned.
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How do you access the Marketing Environment (analysis on Macro and Micro Environment) and Market Segmentation and Targeting?
(Example by A Company Success Case Reference)
Answers
One way to analyze the marketing environment is through a SWOT analysis, which examines a company's strengths, weaknesses, opportunities, and threats.
What is Marketing Environment?Generally, Accessing the marketing environment for a company involves analyzing both the macro and micro environments. The macro environment includes factors such as economic conditions, political and legal factors, and technological advancements, while the micro environment includes factors such as competitors, customers, and suppliers.
Market segmentation involves dividing a market into smaller groups of consumers with similar needs or characteristics. Targeting involves selecting one or more segments to pursue.
For example, a company that sells athletic footwear may segment its market based on factors such as age, gender, and level of physical activity. The company may then target specific segments, such as young, athletic men or older, recreational walkers. This company can look at Nike's example, they segment their market by gender, age, sports, and lifestyle, and targets specific segments such as professional athletes, amateur athletes, and casual users.
It's important to note that, a company success case reference can be a good guide, but the company should also conduct their own market research to gain a deeper understanding of their specific market and target audience.
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what's an opportunity cost?
Answers
Answer:
opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure efficient use of scarce resources.
Explanation:
monopolistically competitive firms are not productively efficient because output is less than society's optimal level because a producer's .
Answers
Monopolistically competitive firms are not productively efficient because output is less than society's optimal level because a producer's average total cost per unit is not at its lowest possible cost.
A monopoly is a market structure where a player is a free seller who dominates the entire market because he provides a completely unique service or product. By comparison, monopolistic competition is a competitive market with only a handful of buyers and sellers who provide close substitutes.
A monopoly is a type of imperfect opposition where a seller or producer captures the general public's market share due to a lack of substitutes or competition. Monopolistic competition is a form of imperfect competition where many sellers try to control a percentage of the market by differentiating their goods.
When the most proficient single firm controls an entire industry—or perhaps a large percentage of that industry—a corporation is said to have a monopoly. historically, monopolies benefit the companies that have them because they can improve costs and reduce services without consequence.
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Lenox Corp. sold merchandise for $5,900 to M. Baxter on May 15, 2017, with payment due in 36 days. Subsequent to this, Baxter experienced cash-flow problems and was unable to pay its debt. On August 10, 2017, Lenox stopped trying to collect the outstanding receivable from Baxter and wrote off the account as uncollectible. On December 1, 2017, Baxter sent Lenox a check for $1,100 and offered to sign a two-month, 9%, $4,800 promissory note to satisfy the remaining obligation. Baxter paid the entire amount due Lenox, with interest, on January 31, 2018. Lenox ends its accounting year on December 31 each year and uses the allowance method to account for bad debts.
Required:
1. Prepare all of the necessary journal entries on the books of Lenox Corp. from May 15, 2014 to January 31, 2015.
2 Why would Baxter bother to send Lenox a check for $1,000 on December 1 and agree to sign a note for the balance, given that such a long period of time had passed since the original purchase?
Answers
Answer:
1) May 15, 2017, merchandise sold on account to Baxter
Dr Accounts receivable 5,900
Cr Sales revenue 5,900
Sometime prior to August 10, but after May 15, bad debt must be recorded
Dr Bad debt expense 5,900
Cr Allowance for doubtful accounts 5,900
August 10, 2017, write off of uncollectible account
Dr Allowance for doubtful accounts 5,900
Cr Accounts receivable 5,900
December 1, 2017, write off is reversed
Dr Accounts receivable 5,900
Cr Allowance for doubtful accounts 5,900
December 1, 2017, check received + notes receivable
Dr Cash 1,100
Dr Notes receivable 4,800
Cr Accounts receivable 5,900
December 31, 2017, accrued interest revenue
Dr Interest receivable 36
Cr Interest revenue 36
January 1, 2018, collection of notes receivable
Dr Cash 4,872
Cr Interest receivable 36
Cr Interest revenue 36
2) If a company owes money, the option of a lawsuit exists, even if Lenox does not fila a lawsuit, Baxter's credit history will be negatively affected. A bad credit history negatively affects both individuals and businesses.
A small ice cream business earns $26538 profit during the two months of July and August. This represents 35% of the annual profit. Find the annual profit. Round to the nearest whole number.
Answers
Let the annual profit be x.
profit earned in July and August is 35% of the annual profit
=> $26538 = 35% of x
=> $26538 = (35/100) × x
=> $26538 × (100/35) = x
=> $2653800/35 = x
=> $530760/7 = x
So, the profit is $530760/7.
The annual profit is $75,823.
Given that,
Two months profit is $26,538.This two month profit represents 35% of annual profit.We need to find annual profit.According to the scenario, computation of the given data are as follows,
Let annual profit be X.
So, X \(\times\) 35% = 26,538
X = 26,538 \(\div\) 0.35
X = 75,822.86 or 75,823
Hence annual profit = $75,823.
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Suppose you are conducting market research for your favorite soda brand. Sales have been lagging for two quarters, and you are determined to find out why. You decide to host an in-person focus group to gain customer insights into your brand’s current product offerings. You are also interested in obtaining feedback on a new product that your brand plans to launch in the next six months. Determine the makeup of your focus group. Who should be invited to the focus group, and why? What types of information would you want to obtain? Identify possible questions to present to the focus group.
Answers
1. The makeup of the in-person focus group to gain customer insights into the brand's current product offerings includes the following groups and they must be invited to the focus group:
Major customers (entities and individuals)Sales RepresentativesSales ManagersMarketing ManagersBrand Ambassadors.2. The reason for inviting this group of persons is to get first-hand information about customer insights necessary to improve the product offerings.
3. The type of information that would be obtained from this focus group is primary data, including qualitative and quantitative.
4. Some possible questions to present to the focus group include:
Are our current product offerings adequate and satisfactory?Are your demands being met with the current offerings?How can improvements be initiated?What improvements can be made to exceed customer expectations?What is an in-person focus group?An in-person focus group is a brainstorming exercise aimed at:
Exploring a variety of different issuesTesting solutionsExploring the group's perspectiveReceiving feedback on product conceptReviewing business or personal viewpointsGenerating new ideas and solutions.Thus, deciding to host an in-person focus group helps in gaining customer insights.
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CBS Co is considering a new investment which would start immediately and last four years. The
company has gathered the following information:
Asset cost - $160,000/-
Installation Cost - $25,000/-
Annual sales are expected to be 30,000 units in Years 1 and 2 and will then fall by 5,000 units
per year in both Years 3 and 4. The selling price is expected to be $5.00 per unit. The variable
costs are expected to be $0.70 per unit and fixed costs are expected to be $12,000 per annum.
The asset is expected to have a residual value (RV) of $20,000 in money terms and sale out at the
end of 4th year at the price $28,000.
The project will require working capital investment equal to 10% of the expected sales revenue.
Corporation tax is 30% per annum and Capital gain tax is 25%.
Required:
i. Initial Investment
ii. Subsequent/Relevant Cash flows
iii. Terminal Cash flow
Answers
Working capital expenditure is \(10%\)* (Annual sales * Selling price). Working capital investment equals 10% * (30,000 * $5) = $15,000
What is the Terminal Cash flow?i. Initial Investment: The initial investment can be calculated using the formula below:
Total first investment: $200,000 is equal to $160,000 plus $25,000 plus $15,000
The sales income for the first year is $30,000. ii. Subsequent/Related Cash Flows. Add $5 to make a total of $150,000. $21,000 in variable costs is equivalent to ($30,000 * $0.70).
Fixed expenses total $12,000. You came into the present from the past. A list of the goods you can purchase.
Taxes = $82,000 * 30% = $24,600
The cash flow is $57,400 ($150,000 minus $21,000 minus $12,000 minus $35,000 minus $24,600).
$150,000 in sales revenue is equal to ($30,000 * $5) for the second year. $21,000 in variable costs is equivalent to ($30,000 * $0.70).
The following is a list of the available goods.
Taxes = $82,000 * 30% = $24,600
The cash flow is $57,400 ($150,000 minus $21,000 minus $12,000 minus $35,000 minus $24,600).
The total for variable costs is $17,500 or 25,000 * $0.70.
12% of expenses are fixed. from the past to the present, you.
The following formula is used to determine the taxable gain: $125,000 - $17,500 - $12,000 - $35,000 = $60,500.
Taxes = $60,500 * 30% = $18,150
In order to determine cash flow, divide $125,000 by $17,500, $12,000, $35,000, and $18,150 to get $42,350.
Year 4 sales total $20,000, which equals $14,000 in variable costs ($20,000 * $0.70). Fixed expenses total $12,000. you came into the present from the past.
$100,000 – $14,000 – $12,000 – $35,000 = $39,000 is the taxable profit.
$39,000 * 30% = $11,700 ($28,000 - $20,000) * 25% = $2,000 for capital gains tax) is what taxes come to.
The cash flow is $100,000 - $14,00 - 12,00 - 35,00 - 11,700 - 2,000 = 25,300.
Therefore, iii. Final Cash Flow: Terminal cash flow is the total selling proceeds less any capital gains taxes. In total, $28,000 was made through sales (28,00 minus capital gains tax).
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What would you need to start with the projects? (Explain brienly)
Answers
Answer:
Explanation: canva
What is the Internal Revenue Code?
A.) a collection of tax laws, their interpretations, and federal tax rulings
B.) a list of tax brackets and the percentages each person must pay
C.) a book used solely by tax accountants to help people complete their filings
D.) a passcode that citizens must have to file their taxes online
Answers
Internal Revenue Code is collection of tax laws, their interpretations, and federal tax rulings.
Option A is the correct answer
What is internal revenue code?The Internal Revenue Code are set of laws and rules created to guide tax related matters
It was created by revenue service for the public on tax payment.
Therefore, Internal Revenue Code is the collection of tax laws, their interpretations, and federal tax rulings
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WWhich 4 list types can be directly imported into QuickBooks Online from Excel?hich 2 features in QuickBooks Online can help a professional services company track profitability by client?
Answers
Customer, Vendor, Items, and Chart of Accounts from an Excel spreadsheet can be imported directly into Quickbooks Online. Two features that help professional services track profitability by client are Profit and loss customer report and recurring transactions.
Intuit created and sells the accounting software suite known as QuickBooks. QuickBooks products were first released in 1983 and are primarily targeted at small and medium-sized enterprises. They provide cloud-based accounting programs that take payments from companies, manage and pay invoices, and handle payroll in addition to on-premises accounting tools and provide services to track profit.
QuickBooks Online is a cloud solution provided by intuit (QBO). Instead of paying an upfront price, the user subscribes on a monthly basis and only uses a secure Web browser to log in to the software. Banks, payroll services, and cost management software are just a few of the third-party applications and financial services that Quickbooks Online integrates with.
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James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membership at the local public YMCA. The cost of the membership is $60/month, which is completely paid for by James' employer for all employees. How much, if any, must James include in his yearly gross income related to this fringe benefit
Answers
James must include $720 in his yearly gross income related to the fringe benefit.
Where the value of the athletic facilities is to be excluded from an employee's gross income, the facilities must be situated on the employer's business location. Moreover, the athletic facilities must be used exclusively by the employees and their dependents.
Due to the above, James's membership is at a public YMCA, hence taxable.
Also, James start date with the corporation was not given, he would however receive 12 months of the benefit.
12 × $60 = $720
Therefore, James must include the full cost of $720 paid by his employer in his yearly gross income related to the fringe benefit.
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Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.
Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.
‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s company. They are fast and have a great reputation for products and services. The price is good and they are willing to customize the stationary, with no additional cost to us. Anyway, Nicholas was always too busy to meet. I emailed him the contract and my teams thoughts on how we should proceed hoping he would read it.’ My team consists of the Accounts/Finance Manager, Inventory Manger, Legal, Research & Development, Public Relations Manager and I, and we meet at different times and days, whether collectively or selectively.
‘Anyway we, Nicholas and I, met with the supplier this morning. We are going through the contract, the next thing I know Nicholas says, ‘This won’t work for us. The cost is too high. Where did these calculations come from?’ ‘If the floor had opened up and swallowed me I could have not been more embarrassed. I mean I spent three weeks, working on it with the team Accounting, PR and Legal! Joseph shaking his head continued, ‘he just took over the conversation. I mean we got the contract signed but in the end all that happened was that the figures were rearranged we still end up paying the same.’ ‘I am tired of this foolishness. He stays locked in his office on his cell every day. Only God knows what he does in there.’
1. Do you believe that Nicholas is an unethical manager? Justify your response by choosing one of the ethical decision making concepts outlined in unit 2 to argue/support your writing.
2. From the chosen ethical decision making concept selected by you in question 1, show its relationship to any one of the variables in an analytical tool, outlined in unit 1, read.
Answers
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business.
1. Based on the information provided, it is not possible to ascertain whether Nicholas is an unethical manager. However, Joseph’s account of the situation raises some red flags about Nicholas’ behavior. It appears that Nicholas did not take the time to review the contract or the team’s thoughts, but still took over the conversation with the supplier and changed the figures. This behavior could be seen as a violation of the ethical principle of fairness, which involves treating others in a reasonable, equitable, and impartial way. Nicholas’ actions suggest that he did not give due consideration to the team’s input or their efforts to finalize the contract, which could affect their working relationship and trust in him as their manager.
2. The chosen ethical decision-making concept is fairness, which is one of the key ethical principles in business. Fairness is based on the idea of treating all stakeholders equitably and impartially, taking into account their needs, interests, and perspectives. In this case study, Nicholas’ actions appear to violate the principle of fairness by disregarding the efforts of Joseph and his team to finalize the contract, and making unilateral changes without adequate review or discussion.
To analyze this situation using an analytical tool, we can use the Stakeholder Mapping tool, which helps to identify and categorize stakeholders based on their level of interest and power. In this tool, stakeholders are divided into four categories: High power/high interest, High power/low interest, Low power/high interest, and Low power/low interest. In this case, Joseph and his team are the stakeholders with high power and high interest in the situation, as they are responsible for finalizing the contract.
Using the Stakeholder Mapping tool, we can see that Nicholas’ actions have the potential to undermine the trust and collaboration of high power/high-interest stakeholders, who are critical to the success of the project. Specifically, his actions may cause frustration, resentment, and loss of confidence in his management ability. This could result in a breakdown of communication and cooperation, which would ultimately affect the team’s performance and the overall success of the project. Therefore, it is important for Nicholas to consider the perspectives and input of all stakeholders, including those with high power and high interest, when making decisions that affect them. By doing so, he can ensure that his decisions are ethical, fair, and aligned with the needs of all stakeholders.
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The Winston Company estimates that the factory overhead for the following year will be $868,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 28,000 hours. The total machine hours for the year were 54,800 hours. The actual factory overhead for the year was $1,723,00.
Required:
a. Determine the total factory overhead amount applied.
b. Calculate the overapplied or underapplied amount for the year.
c. Prepare the journal entry to close Factory Overhead into Cost of Goods Sold.
Answers
Answer:
I just learn Logic Of ABi Nandan...Then after That I understand every thing...
If your company matches 75 cents on the dollar,and you contribute $200 a paycheck, how much will your employee match?
Answers
trình bày ưu nhược điểm của các loại hình doanh nghiệp
Answers
Answer:
Explanation:
Doanh nghiệp tư nhân;
Công ty hợp danh;
Công ty TNHH 1 thành viên;
Công ty TNHH 2 thành viên;
Công ty cổ phần;
C. Imagine you Deposit K10, 000 every six months for the next five years at an interest rate of 10% per annum. You would want to know what this value will be at the end of the period.
Required:
i. Using simple interest (5 Marks)
ii. Using compounded interest (5 Marks)
iii. If the deposits were made at the beginning of every six months (5 Marks)
iv. If the deposits were made at the end of every six months (5 Marks
Answers
i) Using simple interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K127,500.
ii) Using simple interest, if the deposits were made at the end of every six months, the ending (future value) would be K122,500.
iii) Using compounded interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K132,067.87.
iv) Using compounded interest, if the deposits were made at the end of every six months, the ending (future value) would be K125,778.93.
What differentiates simple interest from compound interest?The difference between simple interest and compound interest is that simple interest is only based on the principal.
On the other hand, compound interest computes interest on both the principal and accumulated interest.
Simple Interest (Deposits at Beginning):Period Principal Interest Balance
1 K10,000 K500 K10,500 (K10,000 + K500)
2 20,000 1,000 21,500 (K10,500 + K10,000 + K1,000)
3 30,000 1,500 33,000
4 40,000 2,000 45,000
5 50,000 2,500 57,500
6 60,000 3,000 70,500
7 70,000 3,500 84,000
8 80,000 4,000 98,000
9 90,000 4,500 112,500
10 100,000 5,000 127,500
Simple Interest (Deposits at Ending):Period Principal Interest Balance
1 K10,000 K0 K10,000
2 20,000 500 20,500 (K10,000 + K10,000 + K500)
3 30,000 1,000 31,500
4 40,000 1,500 43,000
5 50,000 2,000 55,000
6 60,000 2,500 67,500
7 70,000 3,000 80,500
8 80,000 3,500 94,000
9 90,000 4,000 108,000
10 100,000 4,500 122,500
Compound Interest at Ending:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = K125,778.93
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K25,778.93
Compound Interest at Beginning:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = $132,067.87
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K32,067.87
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archana held a conference call with several clients which of the following statements is most true
Answers
The statement that is true about the conference call that Archana has made with the clients would be: Communication channels act as a medium for the flow of information.
What is communication?Communication is the process of exchanging information, ideas, or thoughts between individuals or groups through speech, writing, or other means of expression. It involves a sender who encodes a message, a medium through which the message is conveyed, and a receiver who decodes the message.
Effective communication requires that the sender and receiver have a mutual understanding of the message being conveyed. The purpose of communication can vary, including to inform, persuade, instruct, or entertain. Communication can take place between people face-to-face, over the phone, via email, or through other mediums.
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