Answers
The year-end adjustment to recognize supplies expense will have an impact on A Company's financial statements.
Firstly, the income statement will reflect a decrease in net income, as the supplies expense is recognized, reducing the company's profitability for the year. This adjustment will also affect the balance sheet, specifically the asset side, as the supplies inventory will decrease due to the expense recognition. This reduction in supplies will lower the company's total assets. Additionally, the adjustment will affect the statement of cash flows, primarily in the operating activities section. The recognition of supplies expense will decrease the company's cash flow from operations, as it reflects an outflow of funds used to purchase supplies.For such more questions on year-end adjustment
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AP Macro Topic 1.3 Comparative Advantage and Trade Part 1 - Mastering Skills- Answer the following questions to verify that you fully understand opportunity cost, absolute advantage, comparative advantage, and terms of trade. Units produced per hour Burgers Pizzas Bob 30 5 Frank 16 4 1. Is this an output problem or an input problem? 2. What is Bob’s opportunity cost of producing 1 pizza? 3. What is Frank’s opportunity cost of producing 1 burger? 4. What is Bob’s opportunity cost of producing 1 burger? 5. What is Frank’s opportunity cost of producing 1 pizza? 6. Who has the absolute advantage in producing burgers? 7. Who has the absolute advantage in producing pizzas? 8. Who has the comparative advantage in producing burgers? 9. Who has the comparative advantage in producing pizzas? 10. What would acceptable terms of trade be between Bob and Frank? Hours need
Answers
Answer:
1. It is an input problem (time).
2. Bob's opportunity cost of producing 1 pizza:
= 6 (12/2) burgers that it could have produced using 12 minutes it used to produce 1 pizza.
3. Frank's opportunity cost of producing 1 burger:
= 0.25 (3.75/15) pizzas that it could have produced using 3.75 minutes to produce 1 burger.
4. Bob's opportunity cost of producing 1 burger:
= 0.17 (2/12) pizzas that it could have produced using 2 minutes to produce 1 burger.
5. Frank's opportunity cost of producing 1 pizza:
= 4 burgers (15/3.75) that it could have produced using 15 minutes to produce 1 pizza.
6. Bob has the absolute advantage in producing burgers. It produces 30 burgers in 1 hour than Frank.
7. Bob has the absolute advantage in producing pizzas. It produces 5 pizzas in 1 hour than Frank.
8. Bob has the comparative advantage in producing burgers. It uses 2 minutes to produce 1 burger instead of Frank's 3.75 minutes.
9. Bob has the comparative advantage in producing pizzas. It uses 12 minutes to produce 1 pizza instead of Frank's 15 minutes.
10. The acceptable terms of trade would be for Bob to devote 2 hours in producing 60 burgers and selling to Frank while Frank produces 8 pizzas using 2 hours and selling to Bob. But, since Bob has absolute and comparable advantage over Frank in the production of the two items, it seems that Frank should allow Bob to produce them, while it devotes its hours in producing another product or service where it has comparative advantage.
Explanation:
a) Data and Calculations:
Units produced per hour
Burgers Pizzas
Bob 30 5
Frank 16 4
Minutes per unit:
Bob 2 12
Frank 3.75 15
A JIT system uses kanban cards to authorize movement of incoming parts. In one portion of the system, a work center uses an average of 110 parts per hour while running. The manager has assigned an inefficiency factor of .20 to the center. Standard containers are designed to hold 4 dozen parts each. The cycle time for parts containers is about 110 minutes. How many containers are needed?
Answers
Answer:
5.0 containers
Explanation:
Calculation to determine how many containers are needed
Using this formula
N =DT*(1 + X) /C
Where,
D=Annual demand
T=Time
X= Inefficiency factor
C=Holding pieces
Let plug in the formula
N=110*(110 minutes ÷ 60 minutes)*(1+.20)/(4 dozen × 12)
N=110* 1.83* (1.20)/48
N=241.56/48
N=5.0 containers
Therefore 5.0 containers is needed
Which statement is true regarding monopolistic competition?
Answers
Answer:
AR>MR
--------------------------------------
WHERE ARE THE OPTIONS.
Judge made laws are known as
Answers
In law, common law (also known as judicial precedent or judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions. The defining characteristic of “common law” is that it arises as precedent.
Which of the following is an example of government expenditures on goods and services
Answers
an example of government expenditure on goods and services is D. The purchase of office supplies for the office of the junior senator from New York.
what is government expenditure?this refers to any amount that the government spends in the economy including those that are spent to maintain government activities.
the government spending money on a senator would therefore fall under government spending to maintain itself.
options for this question include:
A. The amount spent on hotel accommodation when tourists visit Washington D.C.
B. The payment of unemployment benefits
C. The salaries paid to Washington correspondents from major networks and newspapers
D. The purchase of office supplies for the office of the junior senator from New York
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What are the values of entrepreneurship
Answers
Answer: what r value of entrepreneurship
Explanation: Bravery. In recognizing and pursuing and opportunity, an entrepreneur requires bravery. ...
Vision. Vision guides the entrepreneur through the business planning process, clarifying the opportunity and setting goals for the organization. ...
Respect for self and others. ...
Trust. ...
Honesty. ...
Generosity. ...
Fortitude. if thats what u mean by this question
Santoro co produced a draft statement of the financial position at the year end which showed the owners equity of 4,50,000. It was later discovered however that the following transactions which all occurred on the last day of the financial year had not been taken into account. 1) Property which cost 3,26,000 had been revalued to 3,86,000 2) Inventories which cost 26,000 had been sold on credit for 31,000 3) The owner withdrew 22,000 in cash. 4) The trade receivable paid the amount owing of 23000 in full what will be the revised figure for owners equity after the above transactions are taken into account?
Answers
Based on the revisions to the statement for Santoro Co., the revised figure for the owner's equity would be $493,000.
What is the new figure for owner's equity?The revised figure can be found as:
= Beginning owner's equity + (Property readjustment) + Inventory readjustment - Withdrawals
Solving gives:
= 450,000 + (386,000 - 326,000) + (31,000 - 26,000) - 22,000
= $493,000
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"Putting one’s name on a stadium can be an expensive proposition, and the prices continue to increase. Discuss whether this would be a good investment for a company, and why or why not."
Answers
Answer:
Yes
Explanation:
Yes, this is normally a good investment for a company but some factors do need to be considered. The first one being, whether or not the product/service you are going to promote has a customer base within the population of visitors to the stadium. If so, then you need to consider how big this targeted audience is and if a small portion of these individuals purchases your product will it cover the costs of the investment. On average, a stadium holds roughly 70,000 individuals, multiply this by the number of events in the stadium during the time period of your ad and you can get an idea of the number of individuals that will be exposed to your ad and whether or not it is worth it for the company. Yet, on average it is usually a good investment.
Economic decision making is the process of choosing _____
a. how to use your income.
b. which needs and wants will be satisfied.
c. whether to buy products now or later.
d. how to spend your time.
Answers
The process of deciding which requirements and wants will be satisfied is known as economic decision-making.
Economic decisions are made in order to accomplish a number of objectives. Despite their differences, all economic decisions share the same trait: they all contain rewards and costs. Decision-makers are interested in figuring out how much they must sacrifice or yield in order to get something else that is thought to be better (benefit). Benefits are everything that is received that is seen advantageous or for the good of a person or thing, whereas sacrifices are anything that is given up or the using up of something cherished or valuable. As a result, whatever given or received, including in each case missed possibilities, is regarded as a sacrifice or benefit.
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Cost of money Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investments, (2) the preference of savers to spend their income in the current period rather than delay their consumption until some future period, (3) the risks associated with the investment, and (4) expected inflation. Consider the following statements that address these factors, and indicate which you think are true.
Statement 1: All things being equal, rational savers and investors prefer to invest in an asset that provides a 12% return rather than one that provides an 8% return.
Statement 2: All things being equal, savers and investors prefer more risk to less risk and prefer lower risk premiums on projects exhibiting higher levels of risk.
Statement 3: On average and everything else held constant, borrowers will attempt to pay the maximum possible cash flows that will motivate savers and investors to participate in the transaction.
Statement 4: All things being equal, savers and investors expect to receive some amount of maturity premium as compensation for their deferred consumption.
The true statements are:______.
a. 1, 2, and 3.
b. 1 and 3.
c. 2 and 4.
d. 1, 2, 3, and 4.
Answers
Answer:
b. 1 and 3.
Explanation:
The investors are of two types either they are risk averse or risk seekers. Risk averse are those who are not willing to take risks for their investments. They accept lower returns but they are not ready to take more risks than their appetite. Risk seekers are those who demand more risk for more returns. The risks level is so high that even their whole investments can go away but they take this risk to achieve high extra ordinary returns.
Why does operations managers need to get involved into planning?
Answers
Answer:
See below
Explanation:
The reason is that he oversees the entire operations of an organization, hence must know what the planning entails at the beginning.
Again, if the operating manager is involved in planning at the early stage, he would be able to contribute meaningfully towards the success of the plan
Which one of the following reflects a weak internal control system?
a. all employees are well supervised
b. a single employee is responsible for comparing a receiving report to an invoice
c. a single employee is responsible for collecting and recording cash
d. all employees must take their vacations
Answers
The correct answer is d. all employees must take their vacations reflects a weak internal control system.
Cash collection and recording are handled by a lone employee. A solid internal control system won't let one person to be in charge of cash collection and recording. For instance, if the investment bank lacks a system of approvals or reviews for the transactions made by its traders, a trader may make a mistaken decision that results in a significant loss of money and then attempt to make up for the loss by engaging in more high-risk, high-reward trades. A failure in the execution or efficacy of your internal controls is known as an internal control weakness. Even the most robust security measures can be circumvented by bad actors who take advantage of lax internal controls.
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First to respond with what points are and what they do on Brainly gets 100 points.
Answers
Answer:
You need points in order to ask questions. You get points by answering questions. It's the cycle of.... help to be helped, I guess.
Answer:
on brainly i help people and get answers
Users need to use points to post a question
Explanation:
Cook Company processes and packages frozen seafood. The year just ended was Cook's first year of business and they are preparing financial statements. The immediate issue facing Cook is the treatment of the direct labor costs. Cook set a standard at the beginning of the year that allowed two hours of direct labor for each unit of output. The standard rate for direct labor is $27 per hour. During the year, Cook processed 60,000 units of seafood for the year, of which 4,800 units are in ending finished goods. (There are no work-in-process inventories). Cook used 123,500 hours of labor. Total direct labor costs paid by Cook for the year amounted to $3,087,500.
Required:
a. What was the direct labor price variance and the direct labor efficiency variance for the year?
b. Assume Cook writes off all variances to Cost of Goods Sold. Prepare the entries Cook would make to record and close out the variances.
c. Assume Cook prorates all variances to the appropriate accounts. Prepare the entries Cook would make to record and close out the variances.
Answers
Answer:
Cook Company
a. The direct labor price variance and the direct labor efficiency variance for the year:
Direct labor price variance = (Actual rate - Standard rate) * Actual hours
= $247,000 Favorable
Efficiency variance = (Actual hours - Standard hours) * Standard rate
= $94,500 Unfavorable
b. If all variances are written off to the Cost of Goods Sold:
Journal Entries:
Debit Work in Process $247,000
Credit Direct labor variance $247,000
To record the favorable direct labor price variance.
Debit Direct labor variance $94,500
Credit Work in Process $94,500
To record the unfavorable direct labor efficiency variance.
Debit Direct labor variance $152,500
Credit Cost of Goods Sold $152,500
To close the direct labor price variance.
c. The appropriate accounts are not indicated, though they should be Raw materials, Work in Process, and Cost of Goods Sold. However, the ratios are not given for prorating.
Explanation:
a) Data and Calculations:
Standard direct labor hours per unit = 2
Standard rate per direct labor hour = $27
Production units = 60,000
Ending Finished goods = 4,800
Cost of goods sold units = 55,200
Actual direct labor hours used = 123,500
Standard hours = 120,000 (2 * 60,000)
Actual direct labor costs = $3,087,500
Actual direct labor price = $25 ($3,087,500/123,500)
Standard direct labor costs = $3,240,000 (120,000 * $27)
a. The direct labor price variance and the direct labor efficiency variance for the year:
Direct labor price variance = (Actual rate - Standard rate) * Actual hours
= ($25 - $27) * 123,500
= $247,000 Favorable
Efficiency variance = (Actual hours - Standard hours) * Standard rate
= (123,500 - 120,000) * $27
= $94,500 Unfavorable
b. If all variances are written off to the Cost of Goods Sold:
Analysis of Journal Entries:
Work in Process $247,000 Direct labor variance $247,000
Direct labor variance $94,500 Work in Process $94,500
Direct labor variance $152,500 Cost of Goods Sold $152,500
($247,000 - $94,500)
goods worth Rs. 75,000 cash : Purchased : Purchased goods worth Rs. 1,00,000 from Shyam on credit. : Purchased furniture worth Rs. 25,000, paid through cheque :Sold goods worth Rs. 40,000 cash
Answers
In economics, goods are things that fulfill human needs and offer usefulness, such as to a customer buying a fulfilling product. It is usual practice to distinguish between transferable commodities and non-transferable services
Goods are any products, raw resources, or consumables that are sold to customers, businesses, or governmental organizations.
Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Automobiles, home products, and apparel are a few examples of goods.
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A firm has the following sales figures: Year 2011: $2.1 million. Year 2012: $2.3 million. Year 2013 $2.5 million. Year 2014 $2.2 million. Year 2015 $3.1 million. Using the naive approach, determine the forecast for next year's sales. A. $3.2 million. B. $3.1 million. C. $3.4 million. D. $2.5 million
Answers
Answer:
3.1 million
Explanation:
naive approach assumes that your projected data point is just your most recent one
because we have 3.1 million last year we assume that it's going to be that this year
(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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XYZ Co is considering a major expansion program that has been proposed by the company’s information technology group. To decide whether the company will undertake this major expansion project, the company paid McLindsay Co., a large consulting company, a fee of $2 million to calculate the costs and benefits of the program, but they will refund half of that cost back to XYZ if the company does not move forward with the project. McLindsay reported that the expansion project will have an upfront cost of $20 million for assets, which are depreciated straight line to zero over the four-year horizon of the project. The company does not need to invest in net working capital (i.e., NWC = 0). McLindsay also expects that the program will generate an operating cash flow equal to $10 million the first year and will expand by 20% per year until the project is liquidated at the end of year four. The liquidation value from selling the equipment will be $4 million. You are an assistant to the CFO of the company and your first task is to advise XYZ whether the company should undertake the investment. The CFO has provided you with the following data, which he believes may be relevant to your task (all the market data are current). The firm’s tax rate is 20%. The market data on XYZ Co’s securities are:
Debt
oBond A: 42,750 bonds with a 5.4% coupon rate, with 20 years to maturity selling at par. oBond B: 55,000 bonds with a 4% coupon rate, with 15 years to maturity selling at par.
Assume that both bonds have a par value of $1,000 and they make semiannual payments.
Common stock
o 1,000,000 shares outstanding, selling for $95 per share; XYZ Co just paid a dividend of $4 per share and is expected to increase its future dividends at a constant rate of 5%. The firm’s beta is 1.8. Assume the risk-free rate is 2% and the market return is 8%.
Answer the following questions and show all the formulas and calculations (if using a financial calculator show all the entries).
a. What is XYZ Co’s cost of debt?
b. What is XYZ Co’s cost of equity using the CAPM?
c. What is XYZ Co’s cost of equity using the dividend growth model?
d. What is XYZ Co’s cost of capital? (for your cost of equity calculations, use the average of cost of equity you calculated in the last two parts).
e. Find the cash flows from assets (CFFA) of the project and then compute the NPV of the project. Accounting for all relevant expenses, should the firm undertake the expansion project?
f. Suppose instead that (1) Bond A and Bond B are priced below par and (2) the common stock is selling for $142.50 per share and the last dividend paid was $6. Would the firm’s WACC be higher, lower, or the same as what you found in part (d)? Explain.
Answers
a. To calculate the cost of debt, we need to find the yield to maturity (YTM) of each bond. We can calculate the YTM of Bond A as 5.4% and the YTM of Bond B as 4%. Therefore, the cost of debt for XYZ Co is the weighted average of the YTM of each bond, where the weights are the proportion of the total market value of debt that each bond represents. Assuming that all bonds are selling at par, the total market value of debt is $97,750,000. Thus, the weight of Bond A is 42,750/97,750 = 0.4376 and the weight of Bond B is 55,000/97,750 = 0.5624. Therefore, the cost of debt is:
Cost of Debt = 0.4376 × 5.4% + 0.5624 × 4% = 4.48%
b. Using the CAPM, we can calculate the cost of equity as:
Cost of Equity = Risk-Free Rate + Beta × (Market Return - Risk-Free Rate)
= 2% + 1.8 × (8% - 2%)
= 13.6%
c. Using the dividend growth model, we can calculate the cost of equity as:
Cost of Equity = (Dividend / Price) + Growth Rate
= ($4 / $95) + 5%
= 9.3%
d. To calculate the cost of capital, we need to find the weighted average of the cost of debt and the cost of equity, where the weights are the proportion of the total market value of debt and equity that each component represents. Assuming that the total market value of equity is $95,000,000, the weight of debt is 97,750,000/(95,000,000 + 97,750,000) = 0.5073 and the weight of equity is 1 - 0.5073 = 0.4927. Therefore, the cost of capital is:
Cost of Capital = 0.5073 × 4.48% + 0.4927 × 13.6% = 9.54%
e. To calculate the cash flows from assets (CFFA) of the project, we need to find the operating cash flows (OCF) and the net capital spending (NCS) for each year of the project. Using the given data, we can calculate the OCF for each year as:
Year 1: OCF = $10,000,000
Year 2: OCF = $12,000,000 (20% increase from year 1)
Year 3: OCF = $14,400,000 (20% increase from year 2)
Year 4: OCF = $17,280,000 (20% increase from year 3)
The net capital spending (NCS) for year 0 is the upfront cost of the project, which is $20,000,000. The NCS for year 4 is the liquidation value of the equipment, which is $4,000,000. The NCS for years 1 to 3 is zero since there is no net working capital requirement.
Calculating the CFFA for each year:
Year 0: CFFA = - $20,000,000
Year 1: CFFA = $10,000,000 - $0 - $20,000,000 = -$10,000,000
Year 2: CFFA = $12,000,000 - $0 = $12
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The five stress in the workplace
Answers
The five stress in the workplace
WorkloadInterpersonal conflictsLack of controlOrganizational culture and job demandsWork-life balanceThe five stress in the workplaceStress in the workplace can stem from various factors, including excessive workloads, tight deadlines, and a high volume of tasks. Interpersonal conflicts, such as poor communication and personality clashes, can also contribute to workplace stress.
Feeling a lack of control over work-related decisions and schedules, along with a toxic organizational culture or unrealistic job demands, can further exacerbate stress levels. Additionally, difficulties in achieving work-life balance due to long hours and limited personal time can lead to increased stress and burnout.
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Imagine that a certain uncle or your whom you don't often see, takes a special interest in your education and sometimes sends you money. write him a letter giving him news of your academic work
Answers
Explanation:
Dear uncle,
First of all I would like to thank you for all the attention you have given to my education, it is clear that your financial contribution has helped me a lot to achieve my academic goals, but I am proud to have in my family a person like you, who considers the education an opportunity for life and future change for me and the country.
So I come to bring you news about my college that I am sure will make you happy! In this semester I wrote a scientific article on environmental management that was highly praised by my professors and colleagues, and made me receive an invitation to present at a management and technology congress at a renowned college in the region. This topic is very relevant today and I am happy to be a disseminator of such a relevant subject.
Just as you have given me an opportunity to have a better future through studies, I will endeavor to disseminate relevant information that relates management and environmental sustainability as tools for promoting environmental responsibility in organizations, so that in the future companies will not only be profitable, be instruments that protect the environment and guarantee the quality of life of future generations.
With love,
your dear niece
What are some of the legal restrictions on how organizations can recruit employees?
Answers
The legal restrictions on how organizations can recruit employees are no illegal to discriminate against a job candidate , there should be not favoritism when collection applicants.
What are the legal restrictions on recruitment of employees?The legal restrictions on recruitment of employees are those restriction that is been set up so that the employers can not be able to do as they like when recruiting the new employees.
One of this restriction is that there should not be any kind of discriminate against a job candidate which could base on the color as well as gender differences when making the recruit.
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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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Ernie is worried about his friend Haley. She has been drinking a lot and engaging in some other high-risk behavior. They have been friends for years, and this is not really like her. He wants to talk to her about his concerns, but he is not sure what the most effective way to influence her behavior is. Give three ways he could encourage her to pursue healthier behavior.
Answers
The three ways that Ernie could encourage Haley to pursue healthier behavior are to discuss drinking-related health risks with her, spending more time with the family, and avoid being judgmental.
What are some strategies for staying healthy?Three things are critical to staying healthy.
Exercise A healthy dietMental well-beingAny person can stay healthy by living a balanced life and avoiding or doing fewer of the activities that harm the health. As a result, The Ernie should give the following suggestions to Haley about the healthy behavior.
Discuss drinking-related health risks with that person.Tell her that if she spends more time with her family, she will drink less and engage in risky conduct.Avoid being critical and demonstrate that you care about her.Learn more about the health, refer to:
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Can anyone help? please
Answers
Answer:
Question 1
Individuals with higher education levels have less propensity to commit crime for many reasons.
First of all, they are higher-skilled individuals, which means that demand for their labor is higher, because they are more desirable to employees. This means that they are likely to earn incomes high enough to avoid committing crime as a form of economic survival.
Question 2
Many people have put in question the idea of going to college these days, and there are valid points to this. For example, it is true that going to college represents important opportunity costs: not being able to work full-time while attending classes, and forgoing that salary, and also the costs associated with the student debt.
However, statistics show that college-graduates earn significantly more than non-college educated people, meaning that the benefits of college education will be lower than the benefits as long as the time preference of the students is long-term enough.
A misconception is a misunderstanding.
O True
False
Answers
The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.
It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.
Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.
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Perfect competition is a theoretical construct. Outline some valid criticisms of this model
Answers
Perfect competition is thought of as a theoretical idea rather than something that applies to contemporary industry. This is solely attributable to the way that markets are naturally influenced by economic variables, which leads to a clustering of elements.
Criticisms of perfect competitionSome of the criticisms of perfect competition include:
It is frequently argued that the foundation of price theory for product markets, represents all agents as passive, omitting the active attempts to increase one's welfare or profits through price undercutting, product design, advertising, and innovation.Another criticism is that of who sets the price to be followed. The perfect competition model can thus be used to explain a centralized economy rather than a decentralized "market" economy. This implies that such a model is more closely related to communism than to capitalism.Another common criticism is that it is frequently untrue that shifts in supply and demand over the short term affect prices; this is especially true in the manufacturing sector, where production adjustments frequently occur without significantly affecting prices.Learn more on perfect competition here https://brainly.com/question/2964027
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USAco, a domestic corporation, manufactures widgets for sale worldwide. In year 2020, USAco had $10 million of net income related to sales of products it manufactures in the US, of which 3 million relates to sales to customers outside the US. USACO also owns a factory, which it uses to produce the above income, and which has an average adjusted U.S. tax basis of $40 million (taking into account the straight-line depreciation method). As a result of these activities, USACo will be allowed a Foreign Derived Intangible Income ("FDII") deduction of _______________
Answers
Answer:
USAco
As a result of these activities, USACo will be allowed a Foreign Derived Intangible Income ("FDII") deduction of _______________
$236,250.
Explanation:
a) Data and Calculations
Net income = $10 million
Export sales income = $3 million
Normal tax on $3 million at 21% = $630,000
FDII 13.125% tax on $3 million = $393,750
Difference = $236,250
b) A foreign derived intangible income (FDII) arises from the ownership, sale, or exchange of intangible property, patents, copyrights, trademarks, trade names, or other products tied to intangible assets by USACo, which entitles it to make a tax deduction of the calculated amount or to be taxed at a reduced tax rate of 13.125% instead of the normal 21% corporate tax rate. The FDII is aimed at encouraging US-based corporations to export more goods and services while locating more intangible assets in the US.
Good planning and wise use of insurance can eliminate all risk. True or false?
Answers
Answer:
False.
Explanation:
Good planning and wise use of insurance are some ways you can reduce risk, but it won't eliminate all risk.
The following statement is TRUE about Lean A. Lean will cost a lot of money to introduce in an organization. B. Lean can only be applied in certain types of businesses. C. Just-In-Time is when parts/supplies arrive at the last possible moment. D. Lean is all about cost-cutting and results in much of the workforce getting fired. E. When we remove waste from a process, we are left with value-added activities. This enables us to produce more in less time while actually doing the value-added work slower.
Answers
Lean manufacturing is basically a production method with major aim of reducing times within the system and response times from suppliers or customers.
Some of the advantage of Lean management includes:
It help eliminates wasteIts results to worker Satisfaction. ... Its encourage Just in Time practice Its helps gain competitive advantageTherefore, Lean management encourages Just-In-Time practice where parts/supplies arrive at the last possible moment, helps to remove waste from a process and enables production of more in less time
In conclusion, Option C, E and F is correct and includes statement that is true about Lean management
Learn more about Lean Management here
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The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise. Retained Earnings $ 64,200 Supplies 39,000 Equipment 73,000 Accounts Receivable 9,400 Deferred Revenue 4,300 Accounts Payable 13,700 Common Stock 24,000 Notes Payable (due in 18 months) 33,000 Interest Payable 5,600 Cash 23,400 What is the amount of current liabilities
Answers
The amount of current liabilities is $23,600
Current liabilities refers to liabilities of a company that have to be settled in cash within the fiscal year.
The current liabilities here are Deferred revenue, Accounts payable and Interest payable. Note that notes payable are due in more than 12 months, so, these are not a current liability.
Amount of Current Liabilities = Deferred revenue + Accounts payable + Interest payable
Amount of Current Liabilities = $4,300 + $13,700 + $5,600
Amount of Current Liabilities = $23,600
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