the year 1 selling expense budget for caramel corporation is as follows: delivery and commission expenses vary proportionally with budgeted sales in dollars. advertising and office expenses are fixed. miscellaneous expenses include $5,000 of fixed costs. the rest varies with budgeted sales in dollars. the year 2 budgeted sales is $5,000,000. What will be the value for commission expenses in the Year 2 selling expense budget? A. $ 24,000 B. $120,000 C. $102,000 D. $122,000
Answers
Budgeted at $120,000, the first year's selling costs for the caramel firm.
What exactly do u mean by marketing?A business strategy known as advertising involves purchasing estate to promote a positive, negative, or abstract idea. The commercials, as they are popularly known, contain the real advertising messaging. Reaching the demographics most likely to be genuinely motivated to buy a company's goods or services is the goal of advertising.
What different types of advertising are there?These particular adverts comprise Newspaper, magazine, and brochure ads are examples of other print media. Commercials that play on television and the radio are considered broadcast advertising. Outdoor advertising can take the form of signboards, banners, flags, and wraps, among other things. Ads that appear on digital and internet-connected devices are referred to as "digital advertising.
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Related Questions
Help! I need to match the type of information with the section of the business plan it fits in.
Answers
Suppliers who provide the goods and services your business needs to operate
Why is it so important to do competitive analyses?The objective of a competition analysis is to uncover any market gaps and to comprehend your competitors' advantages and disadvantages in comparison to your own. An essential part of any business strategy is the competitor analysis because it will help you refine your own.
A financial analysis is exactly what?Financial analysis is the word used to describe an assessment of the viability, stability, and profitability of a project, a sub-project, or a firm. It is completed by professionals that compile reports utilizing ratios and other approaches, utilizing information from financial statements and other reports.
How will your business stand out from the competition in terms of both products and services?- Goals and StrategyMission Statement- Oragnizationsuppliers that your business uses to create its goods- Product and servicesThe sum of money required to launch the business- Funding request An overview of your rival- Competitive AnalysisYour advertising plan- Marketing and SalesThe company's financial history- Financial AnalysisThe outline of the requirements and preferences of your potential clients- Market Analysisa list of the company's departments- Executive SummaryLearn more about Financial analysis: https://brainly.com/question/14234253
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orge and Anita, married taxpayers, earn $146,500 in taxable income and $58,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule for married filing jointly). Required: If Jorge and Anita earn an additional $109,000 of taxable income, what is their marginal tax rate on this income
Answers
Answer:
Currently (assuming a 2020 tax schedule), Jorge and Anita's tax liability = $9,235 + [22% x ($146,500 - $80,250)] = $23,810
municipal bonds are not taxed by the federal government, so they do not pay any taxes on the interests earned on the City of Heflin bonds.
if they earn an additional $109,000, then their tax liability will be:
$29,211 + [24% x ($255,500 - $171,050)] = $49,479
their marginal tax rate = 24%
a) Why is ethical relativism considered to be self-contradictory?
b) Explain conceptual muddles with an example.
Answers
Answer:
El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.
Explanation:
El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.
Sam promised to sell Linda a Welsh Corgi puppy for $300 but backed out of the deal. Linda sued Sam in state court for breach of contract. Linda asked for a jury in her complaint. During jury selection, one juror, Ann, said that she did not think they could be fair to Linda because Linda did not appear to be a dog lover. Linda asked that Ann not hear the case, and the judge excused Ann. Linda also decided that another juror, Sandy, looked at her in a grumpy manner so she asked the judge to excuse that juror from serving. The judge did so. After the jury was chosen, Linda made a statement to the jury, as did Sam. Linda then called to the witness stand a friend of hers, Brenda, who heard the discussion held between Linda and Sam regarding the purchase of the puppy. Brenda testified under questioning by Linda that she heard Linda say that she would pay $300 for the puppy and that she also heard Sam say that he would sell the dog for that amount. Unfortunately for Linda, Brenda also testified in response to questioning by Sam that Sam distinctly told Linda that he would only sell the puppy to her if Linda came with cash for the puppy within seven days. Linda did not show up with the money for ten days and Sam had already sold the dog to someone else. The judge ruled in favor of Sam. The challenge to the juror who seemed grumpy is referred to as a(n):_____.
a. peremptory challenge.
b. challenge for cause.
c. stipulated challenge.
d. fairness challenge.
e. approved challenge.
Answers
The challenge of Sandy's inclusion in the juror is referred to as A. peremptory challenge.
A peremptory challenge does not require any reason to be proffered. Therefore, Sandy's disqualification from the juror is based on peremptory challenge. The manner that Sandy looked at Linda does not necessarily give cause for Sandy to be biased in the case. But Linda may think otherwise, and can use a peremptory challenge to discard Sandy. Ann could reasonably be disqualified from the juror because she indicated her clear stance on Linda's case. As there is a challenge for cause, a reason must be offered. But the same cannot be said of Sandy's disqualification.Thus, the juror challenge helps Linda to discard or excuse Sandy and Ann from the panel so that her case can be fairly adjudicated.
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how the fourth industrial revolution affects education
Answers
The fourth industrial revolution, also known as Industry 4.0, is bringing about a massive transformation in the way we live, work and learn.
What is industrial revolution?The Industrial Revolution was a period of time in the 18th and 19th centuries when major changes in agriculture, manufacturing, and transportation had a profound effect on the socioeconomic and cultural conditions in Britain.
It is characterized by the increased use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and 3D printing. These changes are having a profound effect on education, from the way students learn to the way teachers teach.
One of the major impacts of the fourth industrial revolution on education is the shift from traditional instructional methods to more personalized, adaptive learning. With the use of AI and machine learning, students can now receive tailored instruction and content that is tailored to their individual learning styles and needs. This not only helps to increase student engagement and achievement, but also helps teachers to better meet the needs of their students.
Another way the fourth industrial revolution is affecting education is through the increased use of technology in the classroom. Technologies such as virtual reality and augmented reality are being used to create immersive learning experiences, while collaborative platforms are being used to facilitate group discussions and activities. This increased use of technology is allowing students to gain more hands-on experience and to better understand complex concepts.
Finally, the fourth industrial revolution is also having an impact on how students are assessed. With the use of AI and machine learning, teachers are able to gain insights into student performance and assess them in real time. This not only allows for more accurate assessment and feedback, but also helps to ensure that students are learning the material effectively.
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I need some help please and thank you branliest to correct answer no guessing please
Answers
Answer:
A career explanation tool...
Explanation:
Hope i helped u
How do I find the payment of a 10 year $10,000 mortgage with a 10% annual interest rate?
Answers
Based on the mortgage value, the interest rate, and the period of 10 years, the payment can be found to be $1,627.45
How to find the payment amount?The payment amount to repay the 10 year mortgage will be an annuity because it will be a constant and specific amount over the 10 years.
To find the annuity, use the present value of an annuity formula:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ - number of periods) / rate
Solving for the annuity gives:
10,000 = Annuity x ( 1 - ( 1 + 10%)⁻¹⁰) / 10%
10,000 = Annuity x 6.14457
Annity = 10,000 / 6.14457
= $1,627.45
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In what circumstances would a property insurance claim be rejected?
Answers
The circumstances that could make a property insurance claim to be rejected are policy exclusions, failure to disclose information, non-payment of premiums, lack of coverage, policy conditions not met, misrepresentation or fraud, and wear and tear or maintenance issues.
What are these circumstances?Property insurance claims can be rejected for various reasons. While the specific circumstances may vary depending on the policy and insurance provider, here are some common situations in which a property insurance claim may be denied:
1. Policy exclusions: Insurance policies typically have specific exclusions listed in the terms and conditions. If the cause of damage or loss falls within these exclusions, the claim may be rejected. Common exclusions include acts of war, intentional acts, neglect or lack of maintenance, and certain natural disasters not covered by the policy.
2. Failure to disclose information: When applying for property insurance, it's crucial to provide accurate and complete information. If the insured fails to disclose relevant details about the property or provides false information, the claim could be denied. For example, if a homeowner fails to disclose a previous claim or provides inaccurate details about the property's security features, the claim may be rejected.
3. Non-payment of premiums: Insurance policies require regular premium payments to remain in force. If the insured fails to pay premiums within the grace period, the coverage may lapse, and any subsequent claims may be denied.
4. Lack of coverage: Insurance policies have specific coverage limits and deductibles. If the claimed loss exceeds the policy's coverage limit or falls below the deductible amount, the claim may be rejected or only partially paid.
5. Policy conditions not met: Insurance policies often have conditions that must be met to validate a claim. For example, the insured may be required to notify the insurance company promptly after the loss occurs, provide documentation and evidence of the damage, and cooperate fully during the claim investigation process. Failure to meet these conditions could result in claim denial.
6. Misrepresentation or fraud: If the insurance company determines that the insured intentionally misrepresented information or engaged in fraudulent activities to obtain coverage or make a claim, the claim will likely be rejected. This includes submitting falsified documents, inflating the value of the claimed items, or staging the loss.
7. Wear and tear or maintenance issues: Property insurance typically covers sudden and accidental damage rather than damage resulting from wear and tear, lack of maintenance, or pre-existing conditions. If the insurer determines that the damage is a result of normal wear and tear or inadequate maintenance, the claim may be denied.
It's important to carefully review the terms and conditions of your insurance policy and promptly report any losses to your insurance company to maximize the chances of a successful claim.
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Whcih of the following post deployment duties are performed by the field sanitation team?
a. Immediately restocking field sanitation materials upon the return to the home station
b. Preparing an after action review for the chain of command
c. Ensuring the unit has the required personal hygiene supplies and equipment
d. Provide support to the unit leaders to complete medical surveillance reports
Answers
Answer:
a. Immediately restocking field sanitation materials upon the return to the home station
c. Ensuring the unit has the required personal hygiene supplies and equipment
d. Provide support to the unit leaders to complete medical surveillance reports
Explanation:
field sanitation team are team that provides protective measures that affect the team as a whole. This team protect anything related to the health of the unit.
It should be noted that the following post deployment duties are performed by the field sanitation team
1)Immediately restocking field sanitation materials upon the return to the home station
2). Ensuring the unit has the required personal hygiene supplies and equipment
3) Provide support to the unit leaders to complete medical surveillance reports.
List and explain the five steps of the Inductive outline. When do you use it in business communications?
Answers
The inductive outline is commonly used in business communications such as reports, proposals, and presentations. It is particularly useful when presenting a complex idea or argument and when you want to persuade your audience to take a specific action or make a decision.
Introduction: This is where you introduce the main topic or idea. In this step, you should grab the reader's attention and set the stage for what's to come.
Background: This step provides the necessary context for the main idea. It is where you explain the history, background, and context of the topic you are discussing.
Evidence: This step is where you present evidence to support your main idea. You should provide facts, statistics, anecdotes, and other evidence that support your argument.
Analysis: In this step, you analyze the evidence you presented in the previous step. You should explain how the evidence supports your main idea and address any counterarguments.
Conclusion: The final step is the conclusion, where you summarize your main points and reinforce your argument. You should leave the reader with a clear understanding of your argument and why it is important.
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Deregulation in the banking industry in 2007 was mainly intended to lead to _____. (Select all that apply.)
an efficient marketplace
competitive pricing
riskier investments
volatile interest rates
Answers
Answer:
riskier investment
Explanation:
Mark brainliest
On January 1, 2020, Grand Haven, Inc., reports net assets of $862,150 although equipment (with a four-year remaining life) having a book value of $484,000 is worth $551,750 and an unrecorded patent is valued at $45,000. Van Buren Corporation pays $779,920 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021
Answers
Answer:
$35,000
Explanation:
Calculation for what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021.
Unrecorded patent is valued at $45,000
Less Amortization for 2 years (9 years remaining life) ($10,000)
(45,000/9 years*2)
Patent reported $35,000
($45,000-$10,000)
Therefore the amount of patent that should be reported on Van Buren's consolidated balance sheet at December 31, 2021 is $35,000
In a case where a man sues a corporation for unsafe business practices, he will have to meet what burden of proof?
a.
Under the laws of man
b.
A preponderance of evidence
c.
Technical reasonability
d.
Beyond a reasonable doubt
Answers
In a legal situation whereby a man sues a corporation for unsafe business practices, he will be required to have meet the burden of proof known as a preponderance of evidence.
What is known as preponderance of evidence?In legal sphere, a preponderance of evidence refers to a form of evidence is used in civil lawsuit where a civilian sues a corporation for injury or possibility of injury due to an unsafe working conditions / practices. In this case, the judgement will be in favor of the party who submits a preponderance evidence which is in fact more convincing than the evidence of the opposite party.
Normally, a preponderance evidence is considered as an evidence based on possible accuracy and probability which does not requires further amount of evidence to proof. Therefore, with a preponderance of evidence, the amount of evidence is relevant and has effect in criminal cases.
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Answer:
The answer is B.
Explanation:
Because I took the test and passed with a 100% :)
what are some ways the financial crisis in 2008 could've been avoided
Answers
The financial crisis in 2008 could've been avoided in some ways by Regulating the housing market, Proper regulation banks and financial institutions, Introduction of better accounting standards, Encouraging greater transparency, and Regulating credit rating agencies.
The global financial crisis of 2008 was a significant economic event that had a far-reaching impact on the worldwide economy. The crisis resulted in the collapse of numerous leading financial institutions, which led to unprecedented losses in the stock market, a decline in economic growth, and high levels of unemployment. It is commonly believed that the crisis could have been avoided if appropriate measures had been taken at the right time.
Here are some ways the financial crisis in 2008 could have been avoided:
1. Regulating the housing market: The financial crisis of 2008 originated from the housing market collapse. Banks and financial institutions had given loans to people who could not afford them, and when the housing bubble burst, a massive number of mortgages went into default. If the government had regulated the housing market more effectively, the financial institutions would not have been able to give out loans to risky borrowers, and the housing market would not have collapsed.
2. Proper regulation of banks and financial institutions: If banks and financial institutions were regulated more effectively, they would not have been able to engage in risky financial practices that led to the crisis. Regulators would have spotted the risky activities early on and would have been able to take corrective action before it was too late.
3. Introduction of better accounting standards: During the financial crisis of 2008, banks and financial institutions engaged in creative accounting practices to hide their losses. This deception made it difficult to ascertain the real situation of the banks and financial institutions, leading to a lack of confidence in the market. If better accounting standards had been introduced, this could have been avoided.
4. Encouraging greater transparency: The financial crisis of 2008 was partly caused by a lack of transparency in the market. If regulators had encouraged greater transparency, there would have been more information available to investors, which could have led to greater confidence in the market.
5. Regulating credit rating agencies: Credit rating agencies played a significant role in the financial crisis of 2008. They gave high ratings to toxic financial products, which misled investors and led to the collapse of the market. If credit rating agencies were regulated more effectively, they would not have been able to give high ratings to risky products, and the market would have been more stable.
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Sales on account for the first two months of the current year are budgeted as follows.
January $ 966,000
February 650,000
All sales are made on terms of 2/10, n/30 (2 percent discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows.
Collections within the month of sale:
Within discount period 60 %
After discount period 15
Collections within the month following sale:
Within discount period 15
After discount period 7
Returns, allowances, and uncollectibles 3
Total 100 %
Compute the estimated cash collections on accounts receivable for the month of February.
Answers
Answer:
Total cash collections $689,322
Explanation:
The computation of the estimated cash collections on account receivable is shown below;
January Sales within the discount period ($966,000 × 15% × 98%) $142,002
January Sales after the discount period ($966,000 × 7%) $67,620
February Sales within the discount period ($650,000 × 60% × 98%) $382,200
February Sales after the discount period ($650,000 × 15%) $97,500
Total cash collections $689,322
Estimate the gross profit for 2021 as follows: In cell C15, create a formula without using a function that subtracts the vendor cost (cell C7) and the shipping cost (cell C9) from the sales price (cell (3), and then multiplies the result by the projected number of units for sale in 2021 (cell C10). Use absolute references to each cell in the formula.
im confused about the using absolute reference for this question
Answers
The formula for estimating the gross profit for 2021 is:Total revenue for 2021 = (Sales price - Vendor cost - Shipping cost) * Projected number of units for sale in 2021. the formula =(C3-C7-C9)*C10 in cell C15 to calculate the total revenue for 2021.
To estimate the gross profit for 2021, we need to calculate the total revenue and the total cost of goods sold (COGS) for the year. The difference between these two figures will give us the gross profit.
In cell C15, we can create a formula to calculate the total revenue for 2021. We will do this by subtracting the vendor cost and shipping cost from the sales price, and then multiplying this result by the projected number of units for sale in 2021.
To do this, we can use the following formula in cell C15:
=(C3-C7-C9)*C10
Here, we are subtracting the vendor cost (C7) and shipping cost (C9) from the sales price (C3) using the subtraction operator (-). We then multiply this result by the projected number of units for sale in 2021 (C10) using the multiplication operator (*).
It is important to use absolute references to each cell in the formula so that we can copy and paste the formula to other cells without changing the cell references. To create an absolute reference, we need to add a dollar sign ($) before the column and row references in the cell reference. For example, to create an absolute reference to cell C3, we would use $C$3.
Once we have calculated the total revenue for 2021, we can calculate the total COGS for the year by adding up all the costs associated with producing and selling the units. This might include materials, labor, and other overhead costs. Subtracting the COGS from the total revenue will give us the gross profit for 2021.
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1) How does Intermountain Healthcare Communication use communication to improve transparency and medical outcomes?
2) How does Intermountain Healthcare communicate effectively with patients?
3) What innovations are taking place in digital communications at Intermountain Healthcare?
Answers
Intermountain Healthcare uses various communication strategies and innovations, including telehealth services and artificial intelligence, to improve transparency, medical outcomes, and patient engagement.
What is Intermountain Healthcare Communication?1. Intermountain Healthcare Communication uses various communication strategies to improve transparency and medical outcomes, including regular patient surveys, open forums, social media channels, and a 24-hour nurse line to provide patients with timely and accurate information about their care and treatment options.
2. Intermountain Healthcare communicates effectively with patients by providing clear and concise information about their health status, treatment options, and care plans. They also offer patient education resources, such as online tools and videos, to help patients make informed decisions about their healthcare.
3. Intermountain Healthcare is innovating in digital communications through its use of telehealth services, including virtual consultations, remote monitoring, and patient self-management tools. Additionally, they are using artificial intelligence and machine learning to analyze patient data and provide personalized treatment recommendations, as well as leveraging social media and mobile apps to engage with patients and improve health outcomes.
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Do you think GDP is the best indicator to measure the living standard of a country? Justify your answer (4 marks)
Answers
Explanation:
GDP is an indicator of a society's standard of living, but it is only a rough indicator because it does not directly account for leisure, environmental quality, levels of health and education, activities conducted outside the market, changes in inequality of income, increases in variety, increases in technology,
GDP is an accurate indicator of the size of an economy and the GDP growth rate is probably the single best indicator of economic growth, while GDP per capita has a close correlation with the trend in living standards over time.
If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?
Answers
Answer:
The new productivity is "29.17 boxes per hour". A further solution is provided below.
Explanation:
The given number of boxes,
= 700 boxes
After the change in the work rule,
The productivity will be:
= \(\frac{700 \ boxes}{3\times 8 \ hours}\)
= \(\frac{700 \ boxes}{24 \ hours}\)
= \(29.17 \ boxes \ per \ hr\)
Collateral will not matter in the loan process if
which of the following occurs?
A. The person defaults on a loan.
B. Another item is bought in place of the original item.
C. A person makes all of their loan payments on time.
D. The bank gathers information in order to approve a loan.
Answers
In the event that the bank gathers data before approving a loan, collateral won't be taken into consideration. Option (D) is right as a result.
In the financial industry, collateral is a valuable asset that a borrower pledges as security for a loan.
For instance, the house bank is used as collateral when a home buyer gets a mortgage. The automobile is used as collateral for a car loan. When a company seeks bank funding, the company may use valuable property or equipment as loan collateral.
In the event of a default, the lender may take possession of the collateral and sell it to repay its losses.
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After the call, Holly realized the conflict was at the tension stage. Why? Brie Holly and Jennifer
Answers
After the call, Holly realized the conflict was at the tension stage because of the emotional tension that resulted from the conversation. During the call, Jennifer expressed her dissatisfaction with the resources and benefits that she was receiving from the relationship.
According to the social exchange theory, people exchange resources and benefits to maintain social relationships. In this exchange, people weigh the costs and rewards of social relationships. Social exchange theory can be applied to the conflicts that occur in social relationships.Conflicts can occur when one person perceives that another person has violated their expectations, rights, or interests.
Conflicts in social relationships can be resolved through several stages, including the tension stage, crisis stage, and the recovery stage. Conflict resolution requires people to resolve their differences to maintain the social relationship. Holly felt that Jennifer was not putting enough effort into maintaining the relationship and she did not understand the impact of her actions on Holly.Brie and Holly were concerned about the implications of the conflict on their social relationship.
Brie asked Holly to resolve the conflict by weighing the costs and rewards of their relationship. Holly realized that their social relationship was important to her, and she had to work towards maintaining it. Holly chose to communicate her thoughts and feelings with Jennifer, which resolved the conflict. Holly and Jennifer were able to come to a compromise, and their social relationship was preserved.
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Note- The Complete Question is this...
What specific event or occurrence made Holly realize that the conflict between Brie, Holly, and Jennifer was at the tension stage?
Why might ranchers want to lock in a price today for their cattle by signing a six-month futures contract?
Responses
A. To be able to sell all of their cattle for a profit a year from now.
B. To be able to buy a new herd of cattle when the six months is up.
C. To be able to pay off the put option when the futures contract expires.
D. To be able to plan on a certain amount of income in the future.
Answers
Answer:
D. To be able to plan on a certain amount of income in the future.
Explanation:
Locking in price is when a seller and buyer agree on the minimum price for a transaction in the future. A locked-in price remains unchanged for the agreed period.
By lock in prices for their cattle, the ranchers have set the cattle's selling price after six months. Changes in market conditions will not affect the price. The ranchers will focus on controlling their costs to attain their target income. Locking in prices guarantees selling of stable prices, which allows them to plan of expected income.
what is better flavour cheez it: pepper jak or toasted
Answers
Answer:toasted
Explanation:the toasted has a very authentic taste to it while the pepper jack tastes like processed cheese.
Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
Answers
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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four types of visual aids
Answers
Answer:
FOUR types of visual aids are, but not limited to, physical samples, models, handouts, pictures, videos.
You are reviewing your client's Multicurrency company Balance Sheet, and the balance as of the previous fiscal year-end for their Canadian bank account, which they closed last year, is a $10 debit balance in US dollars (the home currency). However, the Canadian dollar balance correctly indicates the account has been closed. Why would this be the case?
1. You have to create a journal entry debiting foreign exchange gain or loss $10 and crediting the Canadian bank account $10.
2. The Canadian bank account has not been reconciled as of the last fiscal year.
3. The Balance Sheet shows the cumulative balance of the account in the home currency based on the home currency value of each of the transactions using the exchange rate that appears on each screen.
4. You have to perform a home currency adjustment for the Canadian bank account as of the current date
5. You have to perform a home currency adjustment for the Canadian bank account as of the last fiscal year.
Answers
Answer:
1. You have to create a journal entry debiting foreign exchange gain or loss $10 and crediting the Canadian bank account $10.
4. You have to perform a home currency adjustment for the Canadian bank account as of the current date
Explanation:
This difference is the result of a foreign exchange loss. Foreign exchange gains/losses are normal for companies that operate in foreign countries. E.g. you prepared your financial statements by converting the foreign currency into your local currency, in this case you converted Canadian dollars to US dollars. But then the exchange rate between the currencies changes. If the value of the Canadian dollar's value increased after conversion, then you gained, and an adjustment must be made to show that gain. But if the Canadian dollar's value decreased after the conversion, then you lost (what happened here) and an adjusting entry must be made to report the loss.
In order to correct his, you must:
Dr Foreign exchange gain/loss 10
Cr Canadian bank account 10
On October 1, 2021, Culver Corp. issued $936,000, 8%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31.
Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021.
Answers
Answer:
Culver Corp.
Balance Sheet as of December 31, 2021 (Partial)
Current liabilities:
Bond Interest payable $18,720
Long-term liabilities:
8% Bonds Payable $936,000
Explanation:
a) Data and Calculations:
8% Bonds Payable = $936,000
Maturity period of bonds = 10 years
Annual interest payable = $74,880 ($936,000 * 8%)
Interest payable for 2021 = $18,720 ($74,880 * 3/12)
b) This shows that interest payable for 2021 is a current liability, which will be offset within a year, while the Bonds payable is a long-term liability with a maturity period of 10 years.
You are thinking about investing in a mine that will produce $10,000 worth of ore in the first year. As the ore closest to the surface is removed it will become more difficult to extract the ore. Therefore, the value of the ore that you mine will decline at a rate of 7% per year forever. If the appropriate interest rate is 3%, then the value of this mining operation is closest to
Answers
Answer:
$100,000
Explanation:
Cash flow = $10,000
Interest rate = 3%
Growth = -7%
Value of this mining operation = Cash / (Rate - Growth)
Value of this mining operation = $10,000 / (3% -(-7%)
Value of this mining operation = $10,000 / 10%
Value of this mining operation = $10,000 / 0.10
Value of this mining operation = $100,000
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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Taylorism emphasises the formal structure, hierarchy of management, the technical requirements and the assumption of rational behaviour Question Attachment: Answer O True O False
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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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