The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following statements are true except that
A. Actuarial value indicates what percentage of covered expense the health plan will pay.
B. Employer contributions to health-savings accounts may decrease the minimum actuarial value.
C. An employee would not pay more than 40% of the covered expenses excluding the premium contribution.
D. The lowest tier of plan allowed by the ACA is bronze.
Answers
The Affordable Care Act (ACA) sets a 60% minimum actuarial value for an eligible employer plan. All of the following statements are true except that Employer contributions to health-savings accounts may decrease the minimum actuarial value.
Describe The Affordable Care Act.The comprehensive health care reform law, also referred to as "Obamacare," was passed in March 2010. Three main objectives of the law are: Make more people eligible for affordable health insurance. For households with incomes between 100% and 400% of the federal poverty threshold, the law offers customers subsidies (referred to as "premium tax credits") that reduce prices (FPL). You can still be eligible for the premium tax credit in 2022 even if your income is higher than 400% FPL. You may be eligible to sign up for or make changes to your Marketplace coverage during a Special Enrollment Period if your income is at or below 150% FPL. Increase Medicaid coverage to include all adults with incomes below 138% of the federal poverty level.
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Related Questions
As students interested in business, what resonated most with you?
In your life and work experience have you seen similar themes and/or
situations as presented in the Lorax?
Can you imagine an instance in your future work experience where this might
come up?
What would you do if facing this type of situation, or how might you prevent it
from occurring?
Answers
Some of the relevant facts about the Lorax book that can be related to everyday life and work experiences is about human actions that impact the environment.
How to prevent the same thing as in Lorax from happening in real life and at work?The plot of the book demonstrates a place where everything is artificial, like trees, which are no longer natural and are replaced by plastic. This situation can be imagined as a form of reflection for individuals to become aware of the importance of natural resources.
In factories there is a lot of use of natural resources that are scarce to be transformed into goods, and it is possible that every individual who has worked in companies has observed some negative impact of such activities on nature.
Therefore, to prevent such a situation as the one in the book from occurring, it is essential that every citizen and company is aware of their responsibility for sustainability, instituting simple measures to achieve this end, such as recycling, reducing consumerism and including environmental management.
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In large organizations, safety compliance is usually managed by the HR department.
O A. True
O B. False
Answers
Answer:
B. False
Explanation:
hope this helps
False
Hope This Helps!
Which of the following things can help you get a lower interest rate when you receive a loan? A. A low credit score B. A history of defaulting C. Using all of your available credit D. Collateral
Answers
Answer:
Collateral
Explanation:
The thing that can help to get a lower interest rate when you receive a loan is Collateral. Thus, option D is correct.
What is Collateral?A collateral is a valuable asset that is committed to obtaining a loan. Lenders' risk is reduced by collateral. If a borrower fails on a loan, the lender can seize and sell the collateral to recuperate its losses. Mortgages and automobile loans are two examples of collateralized lending.
A customer that provides collateral is considered a low-risk customer. The lender keeps the asset until the debt is fully repaid. If the borrower fails to repay, the lender may sell the collateral to recoup his funds. Collateral decreases the lender's risk of losing money.
The loan value is always more than the collateral value. Because the transaction is low-risk, the lender may afford to provide low-interest rates. Collateral is anything that can assist you to acquire a cheaper interest rate on a loan. As a result, option D is correct.
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The Eggers Corporation filed an amended Form 1120, claiming an additional $400,000 deduction for payments to a contractor for a prior tax year. The amended return was based on the entity's interpretation of a Regulation that defined deductible advance payment expenditures. The nature of Eggers's activity with the contractor did not exactly fit the language of the Regulation. Nevertheless, because so much tax was at stake, Eggers's tax department decided to claim the deduction. Eggers’s tax department estimated that there was only a 15% chance that Eggers’s interpretation would stand up to a Tax Court review.
a. What is the amount of tax penalty that Eggers is risking by taking this position?
b. What would be the result if there was a 45% chance that Eggers’s interpretation of the Regulation was correct?
Answers
Answer: See explanation
Explanation:
a. What is the amount of tax penalty that Eggers is risking by taking this position?
The amount of tax penalty that Eggers is risking by taking this position will be:
= $400,000 × 20%
= $400,000 × 20/100
= $400,000 × 0.2
= $80,000
The 20% used is the penalty charged when a claim is more than the final amount that's being allowed by the court or the IRS.
b.What would be the result if there was a 45% chance that Eggers’ interpretation of the Regulation was correct?
The result in this case if there was a 45% chance that Eggers’ interpretation of the Regulation was correct will be that Eggers will have zero tax penalty given. This is because since a reasonable cause was shown by the corporation, the penalty will be waived.
The M-N plant manufactures two different products: M and N. Selling prices and weekly market demands are shown in the following diagram. Each product uses raw materials with costs as shown. The plant has three different machines: A, B, and C. Each performs different tasks and can work on only one unit of material at a time.
33787957
Process times for each task are shown in the diagram. Each machine is available 3,500 minutes per week. There are no "Murphys" (major opportunities for the system to foul up). Setup and transfer times are zero. Demand is constant.
Operating expenses (including labor) total a constant $12,000 per week. Raw materials are not included in weekly operating expenses.
a. Which machine is the constraint in this plant?
Machine A
Machine B
Machine C
b. Which product mix provides the highest gross profit? (Hint: consider raw material cost but not operating expense) - in units
Product M:
Product N:
c. What is the maximum weekly net profit this plant can earn using the product mix from Part b? (Hint: consider operating expense and raw material cost)
Weekly Net Profit
Answers
The answers to the question are:
The machine that is the constraint is the machine c.The product m = 80 units and n = 80 unitsNet profit = $36001. How to solve for the constraint of the machineWe have to solve for the workload of the machines
For A. 20*100 = 2000
For B, 5 * 100 + 10 *80
= 500 + 800 = 1300
For Machine C = 15 * 100 + 15 * 80
= 1500 + 1200
= 2700
The time at the workstation in c is more than the constant time of 2400, hence the constraint that we have is machine c.
b. 2400- 1200 = 1200
The product mix would be 1200/15
= 80
Hence the product mix m = 80 units and that of n = 80 units
c. The total net profit80*$90 = 7200 , 80 * 105 = 8400
7200 + 8400
= 15600
The net profit = 15600 - 12000
= $3600
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What is most likely to happen as a result of specialization?
Output per worker will increase
O Competition for resources will rise
O Machines will take everyone's jobs
O Individual workers' wages will decrease
Answers
Answer:
Output per worker will increase
Explanation:
Specialization means work is subdivided into smaller tasks. Each individual is assigned the task which suits them the most. In specialization, the individual focus on the assigned tasks only. They do the same job every day for a prolonged time.
By concentrating on a specific task, an employee becomes an expert on that job. Their efficiency increases, which results in an overall higher productivity per worker.
How does competition affect businesses in a positive way?
Answers
Competition in business can affect businesses in a positive way. Competition is the rivalry that exists between businesses that provide the same products or services to the same target market. It can be a positive force that spurs businesses to improve their services and products and to come up with innovative ideas.
Here are some of the positive effects that competition can have on businesses:
Increased innovation: The competition encourages businesses to come up with new and innovative products or services to attract more customers. For example, the rivalry between Apple and Samsung has resulted in the development of better smartphones with more advanced features. As a result, consumers get access to the latest technology.
Improved quality: Competition can motivate businesses to produce high-quality products or services to meet the needs of their customers. If one company raises the bar by providing superior quality, other companies are forced to follow suit to keep up. This benefits consumers as they get access to high-quality products and services.
Lower prices: When businesses compete, they are forced to lower their prices to attract more customers. This benefits consumers who can purchase products and services at a lower price.
Increased customer service: Competition can result in businesses improving their customer service to retain their customers and attract new ones. Businesses that provide excellent customer service can gain a competitive advantage over their rivals. As a result, customers receive better service, which enhances their overall experience.
Increased efficiency: Competition can encourage businesses to streamline their operations to improve efficiency and reduce costs. This, in turn, can result in increased profits, which can be passed on to customers in the form of lower prices.
In conclusion, competition in business can have many positive effects. It can lead to increased innovation, improved quality, lower prices, increased customer service, and increased efficiency.
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1 typewritten reviews of a Business Management, or Marketing
Article of the students choosing that appeared in the required Online
readings, You may also select articles from the New York Times.
The articles due on the assign due date. The News Article Review must
be printed out and attached to the student’s Typewritten review in Pdf.
The review must summarize the article in the student’s own words and
discuss how the subject matter of the News Article Review relates to
topics covered in the course.
THE ARTICLE SHOULD NOT BE
MORE THAN 14 DAYS OLD AND MUST BE RETRIVED FROM A
BUSINESS, OR MARKETING JOURNAL PUBLICATION
Answers
Explanation:
Title: "Digital Marketing Strategies for Small Businesses: A Case Study"
Article Source: Harvard Business Review
Summary:
The article "Digital Marketing Strategies for Small Businesses: A Case Study" discusses how small businesses can effectively utilize digital marketing strategies to compete in today's highly competitive business landscape. The case study presented in the article focuses on a small boutique clothing store that implemented various digital marketing tactics to increase their online visibility and drive more sales.
The article highlights the importance of having a strong online presence for small businesses, as consumers increasingly rely on digital channels to discover and purchase products and services. The case study outlines the steps taken by the boutique store, including optimizing their website for search engines, creating engaging social media content, and implementing email marketing campaigns to engage with customers.
The article also emphasizes the need for small businesses to adapt their digital marketing strategies based on changing consumer behaviors and market trends. For example, the boutique store in the case study shifted their focus to social media advertising when they noticed that their target audience was spending more time on social media platforms.
Relation to Course Topics:
The article aligns with several topics covered in the Business Management or Marketing course. It highlights the importance of digital marketing for small businesses and the need to adapt strategies to changing consumer behaviors, which are key concepts in modern marketing. The case study also provides practical examples of how small businesses can implement digital marketing tactics, such as search engine optimization, social media marketing, and email marketing, which are commonly covered in marketing courses.
The article also emphasizes the significance of understanding consumer behavior and market trends, which are important considerations in business management. It underscores the need for small businesses to continually assess and adjust their marketing strategies to remain competitive in the ever-evolving digital landscape.
Overall, the article provides a relevant and practical case study that showcases the application of digital marketing strategies for small businesses, making it a valuable resource for students studying business management or marketing.
Review:
The "Digital Marketing Strategies for Small Businesses: A Case Study" article is a well-written and informative piece that provides practical insights into how small businesses can effectively leverage digital marketing strategies. The case study presented in the article is relevant and relatable, making it easy to understand the challenges faced by small businesses in the digital marketing realm.
The article is concise, yet comprehensive, covering key concepts such as search engine optimization, social media marketing, and email marketing in a clear and understandable manner. The use of a real-life case study adds credibility and practicality to the article, making it more engaging for readers.
The author's writing style is engaging and easy to follow, with a good balance of theoretical concepts and practical examples. The article is well-structured, with clear headings and subheadings that make it easy to navigate and locate specific information.
One potential improvement could be the inclusion of more recent data or statistics to support the author's points and provide additional evidence of the effectiveness of the digital marketing strategies discussed. However, overall, the article is a valuable resource for students studying business management or marketing, as it provides relevant and practical insights into how small businesses can navigate the digital marketing landscape to achieve their business goals.
In conclusion, the "Digital Marketing Strategies for Small Businesses: A Case Study" article is a recommended read for students studying business management or marketing. It offers valuable insights into the challenges and opportunities of digital marketing for small businesses and provides practical examples that can be applied in real-world business settings. The article's alignment with course topics and its clear and engaging writing style make it a useful resource for students looking to deepen their understanding of digital marketing strategies.
During the staff meeting, the performance of BJ is discussed. BJ works hard but received a poor customer rating, and the manager is told to “figure it out” or fire BJ. Which of the following would be the best approach to try to improve BJ’s performance?
Answers
Answer:
BJ
Explanation:
Hi is the hard worker
so, he is the best
Providing him with 360-degree feedback from customers, co-workers and managers to give him insight into how his behavior is perceived will help improve his performance.
What is a 360-degree feedback?A 360-degree feedback refers to a process that allows employees to receive feedback from the people who work around them.
In conclusion, the feedback will let him know how to improve on his work performance.
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If money is your political voice, how loud is your voice? Who has the loudest voice?
Answers
Answer:
i....I honestly don't know I've tried online but it shows nothing sorry
Prepare the adjusting journal entries for the following transactions.
a. Supplies for office use were purchased during the year for $500, of which $100 remained on hand (unused) at year-end.
b. Interest of $250 on a note receivable was earned at year-end, although collection of the interest is not due until the following year.
c. At year-end, salaries and wages payable of $3,600 had not been recorded or paid.
d. At year-end, one-half of a $2,000 advertising project had been completed for a client, but nothing had been billed or collected.
e. Redeemed a gift card for $600 of services.
Answers
Answer: See attachment
Explanation:
The adjusting journal entries for the transactions has been attached. It should be noted that for (a), there was a debit of supplies expense by $400 which was calculated as:
= $500 - $100
= $400
For (d),the accounting revenue of $1000 was gotten as:
= 1/2 × $2000
= $1000
Objectives of pep stores
Answers
Answer:
The answer is below
Explanation:
PEP is a big store that is located in South Africa and other African countries.
Based on the PEP mission and vision and according to the company's website, the Objectives of PEP stores are:
1. To be the friendliest and most trusted retailer for this market.
2. To offer wanted products and services at the lowest possible prices
3. To meet changing consumer needs.
(Table: CPI) Suppose only three goods are produced in this economy: bread, laptops, and movies. Calculate the CPI of 2012, using 2008 as the base year.
A.
95
B.
112.5
C.
100
D.
81.9
Answers
g __________ conversion is the least expensive and highest risk IS conversion strategy because the old system is cut off and the new system is turned on at a certain point in tim
Answers
Answer:
Direct
Explanation:
There are different types of conversion systems. Example includes the direct conversion and parallel conversion.
In this conversion system, users stops using the old system one day and starts using the next system the next.
Its requires fewer resources and is simple if nothing goes wrong. Risk involved mostly if the hardware and software are old or at a cutting edge.
Direct conversion is said to be an abrupt change where the the old system is simply unplugged and the new system is turned on. It does not allow users with any choice but to work with the new system. It is said to be risky and least cost.
As a prospective owner of a club known as the Red Rose, you are interested in determining the volume of sales dollars necessary for the coming year to reach the break-even point. You have decided to break down the sales for the club into four categories, the first category being beer. Your estimate of the beer sales is that 30,000 drinks will be served. The selling price for each unit will average $1.50; the cost is $.75. The second major category is meals, which you expect to be 10,000 units with an average price of $10.00 and a cost of $5.00. The third major category is desserts and wine, of which you also expect to sell 10,000 units, but with an average price of $2.50 per unit sold and a cost of $1.00 per unit. The final category is lunches and inexpensive sandwiches, which you expect to total 20,000 units at an average price of $6.25 with a food cost of $3.25. Your fixed cost (i.e., rent, utilities, and so on) is $1,800 per month plus $2,000 per month for entertainment. a) What is your break
Answers
Answer:
break even point = 3,577 bundles which include:
10,731 beers3,577 meals3,577 desserts and wine7,154 lunches and sandwichesExplanation:
estimated beer sales 30,000
contribution margin per beer = $0.75
estimated meals sales 10,000
contribution margin per meal $5
estimated desserts and wine sales 10,000
contribution margin per dessert and wine $1.50
estimated lunches and sandwiches sales 20,000
contribution margin per lunch and sandwich sales $2
we can make 10,000 bundles consisting of:
3 beer sales = $2.25
1 meal sale = $5
1 dessert and wine sale = $1.50
2 lunches and sandwiches = $4
contribution margin per bundle = $12.75
total fixed costs = $3,800 x 12 months = $45,600
break even point (in bundles) = total fixed costs /contribution margin per bundle = $45,600 / $12.75 = 3,576.47 ≈ 3,577 bundles
1. Assume two countries (Portugal & Britain) each produce wine and cloth. Given the following details with respect to resources required to produce each good in each country, answer the following questions. b. a. What is the opportunity cost of producing each good in each country? (4 Points) Draw the Production Possibilities Frontier for each country assuming no trade and 500,000 labor hours (use wine as the x-good). (10 Points) Provide an interpretation of the slope of the PPF in this example (8 Points) If these countries engaged in international trade, in what range would the relative prices have to be to ensure mutually beneficial trade, and which good would each country specialize in? (10 Points) e. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, calculate the gains from trade and show on the PPFs the expanded consumption choices for each country. (16 Points) c. d. Country Production (1 Hour of Labor Time) Cloth Wine Portugal 2.85 Britain 3.4 5.3 4.2
Answers
a. The opportunity cost of producing wine in Portugal is 0.35 units of cloth, and the opportunity cost of producing cloth in Portugal is 2.85 units of wine.
b. The slope of the PPF represents the opportunity cost of producing one good in terms of the other. In this case, the slope of Portugal's PPF is -0.35, and the slope of Britain's PPF is -0.71.
c. If these countries engaged in international trade, the relative prices of wine and cloth would have to be within the range of Portugal's opportunity cost of producing wine (0.35 units of cloth) and Britain's opportunity cost of producing wine (0.71 units of cloth).
d. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, then Portugal would specialize in producing wine and Britain would specialize in producing cloth. Portugal would export wine and import cloth, and Britain would export cloth and import wine.
How to explain the informationIf the relative price of wine were below 0.35 units of cloth, then Portugal would be able to produce wine more cheaply than Britain, and it would not be in Portugal's interest to trade. If the relative price of wine were above 0.71 units of cloth, then Britain would be able to produce wine more cheaply than Portugal, and it would not be in Britain's interest to trade.
The gains from trade are the increase in consumption that countries experience after they specialize and trade. In this case, the gains from trade are represented by the shaded area in the graph. The gains from trade are a result of the increased efficiency that is possible when countries specialize in the production of goods that they have a comparative advantage in.
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What is the difference between a 3.5 fold and an 8 fold essay?
Answers
A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion, while an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph.
The terms "3.5 fold" and "8 fold" essay refer to different methods of organizing the structure of an essay. A 3.5 fold essay consists of an introduction, three body paragraphs, and a conclusion. The three body paragraphs each have a specific purpose and follow a specific structure: the first paragraph introduces the main idea, the second paragraph supports the main idea with evidence, and the third paragraph provides a conclusion or summary.
On the other hand, an 8 fold essay expands on the 3.5 fold structure by adding more detail and nuance to each paragraph. The introduction and conclusion remain the same, but each body paragraph is broken down into smaller sections that address different aspects of the main idea. This allows for a more thorough exploration of the topic and a more complex argument.
In summary, the main difference between a 3.5 fold and an 8 fold essay is the level of detail and complexity in the organization of the body paragraphs. The 8 fold essay provides a more in-depth exploration of the topic, while the 3.5 fold essay is a simpler and more straightforward structure.
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)An investor is trying to decide between a muni paying 5.75 percent or an equivalent taxablecorporate paying 8.25 percent. What is the minimum marginal tax rate the investor must have toconsider buying the municipal bond
Answers
Answer: 30.3%
Explanation:
Because taxes are not paid on municipal bond interest, their interest rates are usually lower with the difference accounting for the taxes paid.
For a municipal bond to be similar to a corporate bond, the tax rate must be such that it makes them equal:
Municipal bond return = Corporate bond return * (1 - tax rate)
5.75% = 8.25% * (1 - tax)
1 - tax rate = 5.75% / 8.25%
1 = 0.6969697 + Tax rate
Tax rate = 1 - 0.6969697
= 30.3%
When the perpetual inventory system is used, the inventory sold is debited to
Answers
person who provides services directly to individuals
Answers
Answer:
I just need to respond answers LUL
Explanation:
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Steve hewitt, city administrator, determines that current emergency procedures are inefficient and new procedures should be put in place. he asks city planners, emergency officials, and all relevant personnel for their insights and then steve creates a new set of procedures.
Answers
Steve Hewitt, the city administrator, is taking a proactive and collaborative approach to addressing the issue of inefficient emergency procedures.
What are several key steps that can be taken to create new emergency procedures?Conduct a thorough assessment of the current procedures: This would involve identifying the strengths and weaknesses of the existing procedures, and gathering feedback from relevant stakeholders.
Identify best practices: Research and review other communities emergency procedures, looking for procedures that have been successful in other places.
Develop new procedures: With the information gathered, write the procedures that address identified issues, consider all necessary stakeholders and uses best practices
Communicate and train: Once the new procedures are developed, it is important to communicate them effectively to all relevant stakeholders and train them on how to implement the new procedure.
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Which decision model in coporates the uncertainty element
Answers
Answer: A decision model that incorporates the uncertainty element is the Bayesian Network. Bayesian Networks are probabilistic graphical models used for reasoning under uncertainty and for making decisions. They are composed of nodes that represent variables and edges that represent the relationships between them. They use probability theory to calculate the probability of certain events occurring given certain conditions. Bayesian Networks are useful for making decisions in uncertain environments, as they allow for the incorporation of prior knowledge, uncertainty, and dynamic changes in the environment.
A customer hands you a $20 bill as payment for a purchase that totaled
$7.55. How many of each coin and bill will you give the person as change?
Answers
At the beginning of January, Kesia Records paid $148,950 to acquire the exclusive rights to a new album. It costs them $1.13 to print a copy of this album, which they can sell for $9.75. The following chart shows the sales of that record, along with the overhead expenses of running a record studio, not counting production costs.MonthAlbums SoldExpensesJan.5,486$27,714Feb.8,191$21,689Mar.4,796$25,195Apr.7,490$28,766May6,272$24,604Jun.5,131$29,040In whch month did Kesia Records first break even?a.Januaryb.Marchc.Aprild.May
Answers
The overhead expenses of January was record breaking.
What is overhead expenses ?Overhead costs are expenses incurred in running a firm that are unrelated to the development or production of a good or service. They are also known as "overhead expenses" or "operation expenses." Regardless of how successful the company is, these are the costs it must pay to continue operating. An recurring cost of running a business is referred to in business as overhead or overhead charge. Contrary to operating expenses like labour and raw materials, overheads are costs that cannot easily be linked to or recognised with any one revenue unit. The recurring costs of a firm that aren't specifically related to providing a good or service are referred to as overhead. Budgeting is crucial, but so is deciding how much a business should bill for its goods or services in order to break even.
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Answer:
D.) May
Explanation:
As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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Define monopoly is this correct answer
Answers
A monopoly is a market structure that consists of only one seller or producer. A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace. Monopolies can lead to unfair consumer practices.
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows:
September 30 through December 31, 2021 $3,600,000
January 1 through February 28, 2022 1,500,000
March 1 through April 30, 2022 594,000
Athens expects a useful life of four years for the software and total revenues of $7,800,000 during that time. During 2022, revenue of $1,560,000 was recognized.
Required:
a. Prepare a journal entry to record the development costs in each year of 2021 and 2022.
b. Calculate the required amortization for 2022.
Answers
Answer:
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
B. $148,500
Explanation:
1. Preparation of the journals entry
2021
Dr Research and development expense $3,600,000
Cr Cash $3,600,000
(To record the expenses incurred on research and development)
2022
Dr Research and development expense 1,500,000
Dr Software and development costs 594, 000
Cr Cash 2,094,000
(1,500,000+594,000)
(To record the software development costs incurred)
2.Calculatation for the amortization for 2022
Using percentage of revenues method
Amortization= Current revenue/Total revenue* Software development costs
Amortization=$1,560,000/$7, 800,000*$594,000
Amortization=0.2*$594,000
Amortization=$118,800
Using straight line method
Amortization =1/Useful life* Software devel opment costs
Amortization=1/4*$594,000
Amortization=$148,500
Based on the above calculation Tmte expense amounts under straight-line method is higher . Which means that , the amortization is $148,500.
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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1. Which item is considered a retail product?
O A. New refrigerator
B. Extended warranty on the refrigerator
O C. Refrigerator repair
O D. Refrigerator delivery
Answers
Answer:
refrigerator- repair
Explanation:
Answer:
A. New refrigerator
Explanation:
It is the only actual instance of an item one could buy at a store. The rest are not fiscal items, but instead services for the product.
The series of seven transactions recorded in the following T accounts were related to a sale to a customer on account and the receipt of the amount owed. Briefly describe each transaction for letters (A) through (E).
(WORD BANK, USE WORD ONCE)
- Sale on account.
- Cost of goods sold for the sale on account.
- Note received from customer on account.
- Note dishonored and charged face value of note plus interest to customer’s account receivable.
- Payment received from customer for dishonored note plus interest earned after due date.
