You have been engaged to review the financial statements of Flounder Corporation. In the course of your examination, you conclude that the bookkeeper hired during the current year is not doing a good job. You notice a number of irregularities as follows.

1. Year-end wages payable of $3,410 were not recorded because the bookkeeper thought that "they were immaterial."
2. Accrued vacation pay for the year of $30,000 was not recorded because the bookkeeper "never heard that you had to do it."
3. Insurance for a 12-month period purchased on November 1 of this year was charged to insurance expense in the amount of $2,868 because "the amount of the check is about the same every year."
4. Reported sales revenue for the year is $1,928,140. This includes all sales taxes collected for the year. The sales tax rate is 6%. Because the sales tax is forwarded to the state’s Department of Revenue, the Sales Tax Expense account is debited. The bookkeeper thought that "the sales tax is a selling expense." At the end of the current year, the balance in the Sales Tax Expense account is $94,140.

Prepare the necessary correcting entries, assuming that Headland uses a calendar-year basis.

Answer:

Mr. Davis is 52 years old and has recently been diagnosed with end-stage renal disease (ESRD) and will soon begin dialysis. He is wondering if he can obtain coverage under Medicare. What should you tell him?

He may sign-up for Medicare at any time however coverage usually begins on the fourth month after dialysis treatments start.

The monthly payment for each loan in November would be $4,125 if the year had 360 days.

Simple interest payment will be $450,000*11/100

= $49,500

It will be for the entire year and November

= $49,500 × 30/360

= $4,125.

As a result, using the basic interest option, $4125 will be paid as interest in November.

Add-on interest divides the overall loan into equal payments by adding the total interest to be paid to the upfront cost.

I.e., a $450,000 loan with 8% more interest, or $36,000 per year.

Total principal and interest to be paid

= $450,000 + 36,000

= 486,000 in the year

Now divide into 12 equal installments

= $ 486,000/12

= $ 40,500

$40,500 is to be paid in November for the add-on option.

Before accepting the loan, the corporation had to consider a number of other considerations, such as the loan's tenure because an add-on option would be detrimental to long-term loans.

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Answer:

$636,364

Explanation:

Calculation to determine what The break-even point for Gardner Corporation for the current year is

First step is to calculate the Variable costs

Variable costs = $250,000 + $150,000 + $75,000 + $200,000

Variable costs = $675,000

Second step is to calculate the Contribution margin ratio

Contribution margin ratio = (Sales - Variable costs) / Sales

Contribution margin ratio= ($1,500,000 - $675,000) / $1,500,000

Contribution margin ratio= 0.55*100

Contribution margin ratio = 55%

Now let calculate the Break-even point

Break-even point = Fixed costs / Contribution margin ratio

Break-even point= ($100,000 + $250,000) / 0.55

Break-even point = $636,364

Therefore The break-even point (rounded to the nearest dollar) for Gardner Corporation for the current year is:$636,364

Answer:

b. $29,400

Explanation:

The total credit balance in the trial balance is the sum of all credit accounts in the trial balance which are listed as follows:

Accounts payable( it is credited since it is a liability)

Notes payable( it is credited since it is a liability)

Denton, Capital(capital account has a credit balance)

Revenues( revenue also has a credit balance)

Denton Company total credits on its trial balance=2,800+4,200+1,400+21,000

Denton Company total credits on its trial balance=$29,400

Answer:

There are multiple reasons why business firms segment markets and subsequently concentrate on satisfying the needs of specific segments.

Doing so, businesses can:

Answer:

Total applied overhead= $64.2

Explanation:

Giving the following information:

Dept. A Dept B.

Predetermined overhead rate per direct labor hour $2.40 $1.80

Job ABC:

Direct labor hours Dept A= 17

Direct labor hours Dept B= 13

We need to use the departmental predetermined overhead rates.

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Dept A= 2.4*17= $40.8

Dept B= 1.8*13= $23.4

Total applied overhead= $64.2

Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.

To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.

This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.

To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.

2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)

Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]

Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)

Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)

Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n

Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)

Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)

We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.

Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.

Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent

Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent

Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent

Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent

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After selecting the billing option, pick the subscription type, such as QuickBooks Online Plus, QuickBooks Online Essentials, or QuickBooks Self Employed.

What is a subscription, for instance?

When you subscribe to something, you pay on a monthly basis rather than all at once. The majority of newspapers and periodicals are subscription-based publications. Cable television and free services like internet access are examples of subscription services. Netflix and Spotify are two great examples of subscription-based companies. With subscription services, you and your client enter into a continuous agreement whereby they consent to pay for access to your products or services on a regular basis, such as once a month or once a year.

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60% of the client's investment should be in the risky portfolio and 40% should be in T-bills.

a. To find the proportion y, we can use the following formula:

0.17 = y(0.18) + (1-y)(0.055)

where y is the proportion of the investment in the risky portfolio.

Simplifying and solving for y, we get:

y = (0.17 - 0.055) / (0.18 - 0.055) = 0.60 or 60%

Therefore, 60% of the client's investment should be in the risky portfolio and 40% should be in T-bills.

b. To find the investment proportions in each security, we can multiply the overall investment proportions by the proportion invested in the risky portfolio.

Investment in T-bills: 40%

Investment in Stock A: 0.32 x 0.60 = 0.192 or 19.2%

Investment in Stock B: 0.36 x 0.60 = 0.216 or 21.6%

Investment in Stock C: 0.32 x 0.60 = 0.192 or 19.2%

Therefore, the client's investment proportions in the three stocks and in T-bills are:

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Assume that you manage a risky portfolio with an expected rate of return of 18% and a standard deviation of 34%. The T-bill rate is 5.5%.

Your risky portfolio includes the following investments in the given proportions:

Stock A 32%

Stock B  36 %

Stock C 32%

Your client decides to invest in your risky portfolio a proportion (y) of his total investment budget with the remainder in a T-bill money market fund so that his overall portfolio will have an expected rate of return of 17%.

Required:

a. What is the proportion y? (Round your answer to 1 decimal place.)

Proportion y      ---------------%

b. What are your client's investment proportions in your three stocks and in T-bills? (Round your intermediate calculations and final answers to 2 decimal places.)

Security            Investment Proportions

T-Bills    --- ----%

Stock A-----------%

Stock B-----------%

Stock C--------%

All of the factors that have to be included in the income statement are:

This is the term that is used to refer to the financial statement that would be made to show the revenue, the expenses and the profits that are made by a given company over a period of time. This is also called the earnings statement. It shows the revenue that is made from business.

Hence we can say that All of the factors that have to be included in the income statement are:

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The maximum amount of RCRA hazardous waste that a CESQG can generate per month is 220 pounds (100 kilograms) of non-acute hazardous waste, or one kilogram of acute hazardous waste.

CESQG (conditionally exempt small quantity generator) and VSQG (very small quantity generator) are two different classifications of hazardous waste generators under the Resource Conservation and Recovery Act (RCRA) regulations in the United States.

The maximum amount of RCRA hazardous waste that a CESQG can generate per month is 220 pounds (100 kilograms) of non-acute hazardous waste, or one kilogram of acute hazardous waste.

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Answer: Political risks eg High taxes

Economic risks eg fluctuation of exchange in currency.

Please see below for further explanation.

Explanation:

Internationalization strategy is the plan by an organization to expand beyond the domestic market to become globally visible in another country or countries market.

The risks associated Associated when a company, better generation tries to expand globally include

1.)Political risks:Political risk occurs when target countries policies change or fluctuates in such a way to negatively affect a business.

Some of the political risks include

---Instability in foreign country's governments due to corruption

---Government regulations eg High taxation, High tariff quotas

-----Trade barriers etc.

2.Economic Risks here refers to the conditions in the foreign nation's economy that affect a company's financial gains.

Some of the Economic risk include

-fluctuations in the value of currencies exchange.

-Inflation

-Quality of basic infrastructure in terms of electricity, transportation, accessible to water etc as the case may be.

--Labor and differences in wages.

The two basic types of freehold estates are fee simple estates and life estates.

The required details about freehold estates is mentioned in below paragraph.

Freehold estates are estates of indefinite period that may exist for an entire life or all the time. Some kinds of freehold estates are labeled as "estates of inheritance," in which the property keeps past the lifestyles of the holder and descends to their residing heirs upon dying as distinct through the desire or through law.A freehold property is possession in belongings. To be taken into consideration a freehold property, standards need to be met:

Immovable: The asset can not be moved; therefore, it's miles both land or a few form of hobby in that land.

No constant period of possession: The belongings may be exceeded on all the time if the proper standards are met. There isn't anyt any set timeline for possession withinside the belongings to expire.

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Answer:

true

Explanation:

Answer:

TRUE

Explanation:

1. One factor that could result in a higher break-even point is a reduced contribution margin per unit (or ratio).

2. The forecast average monthly profit figures for the two menu options are as follows:

                                    Current     Proposed

Revenue                    $48,000      $33,600

Variable costs              12,000          9,600

Contribution margin $36,000     $24,000

Fixed costs                 28,000       24,000

Net income                $8,000               $0

The break-even point is the sales level that equates the total revenue to the total costs (fixed and variable).

When the break-even point is reached, there are no profits or losses.

To generate some profits, the sales level must exceed the break-even point.

Revenue per week (600 at $20)  = $12,000

Total monthly revenue = $48,000 ($12,000 x 4 weeks)

Average variable cost per meal at $5 = $3,000

Total monthly variable cost = $12,000 ($3,000 x 4 weeks)

Overhead cost per week = $7,000

Total monthly overhead cost = $28,000 ($7,000 x 4 weeks)

Revenue per week (600 at $14)  = $8,400

Total monthly revenue = $33,600 ($8,400 x 4 weeks)

Average variable cost per meal at $4 = $2,400

Total monthly variable cost = $9,600 ($2,400 x 4 weeks)

Overhead cost per week = $6,000

Total monthly overhead cost = $24,000 ($6,000 x 4 weeks)

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Answer:

4000x70=280000

5350x62=331700

7542x49=369558

add that all up to get $981258

Hope this helps!

The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

In this article, we'll show you how the CFS is structured, and how you can use it when analyzing a company.

KEY TAKEAWAYS

A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

The main components of the cash flow statement are cash from operating activities, cash from investing activities, and cash from financing activities.

The two methods of calculating cash flow are the direct method and the indirect method.

A checking account offers easy access to your money for your daily transactional needs and helps you cash secure.

In today's world it is important to have a checking account, for example in India even in rural areas people have checking accounts, which makes transactions easy and secure and it can become expensive if not have a checking account, for example, if a shopkeeper is not having change and you don't have a checking account then the transaction can become expensive, moreover, you will require to carry cash which will become expensive with less security.

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Answer: debit to work in process of $74,000.

Explanation:

The journal is a book where the transaction that an organization makes are recorded. In this scenario, we are told that during June, Buttrey Corporation incurred $74,000 of direct labor costs and $14,000 of indirect labor costs.

The journal entry to record the accrual of these wages would include a debit to work in process of $74,000. It should be noted that when the direct and the indirect labor cost are to be accrued, direct labour wages will have to be debited in the work in process account. As for indirect labour, it will be debited in the manufacturing overheads.

Answer:

Alpine Ski Equipment and Supplies

In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:

$74,900

Explanation:

a) Data and Calculations:

Inventories of Alpine Ski Equipment and Supplies:

                                        Skis           Boots         Apparel        Supplies

Selling price             $ 160,000    $ 169,000     $ 107,000     $ 71,000

Cost                             130,000        138,000         74,900        46,150

Replacement cost      120,000         119,000         111,000        42,150

Sales commission             10 %              10 %             10 %            10 %

Net realizable value $144,000       $152,100      $96,300    $63,900

Lower of cost or NRV $130,000   $138,000       $74,900     $46,150

b) Alpine Ski Equipment and Supplies applies the lower of cost or market rule by recording the cost of inventory at the lower of the original cost or its net realizable value.   In all the product categories, the costs are lower than the net realizable values.  To get the net realizable value for each product category, we deduct the sales commissions from their respective selling prices.

If In January 2010, the U.S. Treasury issued a $1000 par, ten-year, inflation-indexed note with a coupon of 4%.  The principal payment that was made in January 2020 is closest to:D. $1500.

Firsts step is to find the CPI appreciated

CPI appreciated = 300/200

CPI appreciated = 1.50

Now let find the principal payment

Principal payment = $1000 × 1.50

Principal payment  = $1500

Therefore the correct option is D.

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Answer: B

Explanation: With the U.S being a mixed economy the government cant control all decisions but cant have just no involvement therefore the answer is B :)

Answer:

1. TAXES DATE BACK TO AT LEAST ANCIENT EGYPT.

We can trace documented records of taxation all the way back to Ancient Egypt, sometime around 3000 to 2800 BCE. Apparently, there was a biennial event called the Following of Horus, when the Pharaoh went around collecting taxes in his dual roles as head of state and living incarnation of the god Horus. Taxation is even described in the Bible when Joseph tells the people of Egypt to give a fifth of their crops to Pharaoh.

2. THE FIRST TAXES IMPLEMENTED IN THE UNITED STATES CAUSED A REBELLION.

Fans of the Broadway musical Hamilton probably remember the lyric, “Imagine what gon’ happen when you try to tax our whiskey.” What happened was the Whiskey Rebellion, which was largely due to a tax that Alexander Hamilton imposed on—you guessed it—whiskey.

As you might imagine, people were extremely unhappy about it, especially small producers of whiskey, who, because of the way the tax was structured, had to pay nine cents per gallon in taxes, while larger producers were able to get as low as six cents. Violence quickly broke out. Tax officers were assaulted and tarred and feathered for trying to do their jobs, and several people were killed during riots. The Rebellion was eventually quashed in 1794, and the whiskey tax remained in effect until 1802, when Thomas Jefferson repealed it.

3. ABRAHAM LINCOLN GAVE US FEDERAL INCOME TAX.

Abraham Lincoln signed the Revenue Act in 1861, which imposed the first-ever federal income tax. To drum up funds for the Civil War, Lincoln and Congress enacted a modest 3 percent tax on income over $800, which would be roughly $23,000 today. The law was almost instantly replaced with a new revenue act and would be repealed a decade later, but the relief obviously didn’t last: In 1913, the 16th Amendment established the federal income tax system we all know today.

4. TAX DAY WASN'T ORIGINALLY ON APRIL 15.

When the modern federal income tax was established, lawmakers set March 1 as the looming deadline.

Although they gave no reason for this particular date, it was presumably to give people a couple of months to gather paperwork and crunch numbers after the end of the year. By 1919, the government tacked a couple of more weeks on to help panicked filers, making March 15 the date. That date stood until 1955, after Congress acknowledged that doing your taxes was getting more complicated by the year.

To help accommodate all of those changes and give people adequate time to file, the date was bumped by another month—but the change wasn’t entirely altruistic. The IRS acknowledged that the extra month would help their employees as well, spreading the workload out across another 30 days.

5. WE SPEND A LOT OF TIME DOING OUR TAXES.

The amount of time we spend doing our taxes every year suggests that the repeated date changes may have been justified. According to the IRS, the average taxpayer spends about 11 hours doing record-keeping, tax planning, form submission, and other super fun tax-related activities. Of course, if you break it down even further, the amount of time changes based on the type of form the filers use. Business filers spend about 20 hours, including 10 hours on record-keeping alone.

Explanation:

please mark me brainliest and theses are just facts about taxes

Answer:

Explanation:

a. Using the formula for the probability mass function of a binomial distribution:

P(x=2) = (4 choose 2) * (0.27)^2 * (0.73)^2 = 0.3185

b. Using the cumulative distribution function:

P(x ≤ 2) = P(x=0) + P(x=1) + P(x=2) = (4 choose 0) * (0.27)^0 * (0.73)^4 + (4 choose 1) * (0.27)^1 * (0.73)^3 + (4 choose 2) * (0.27)^2 * (0.73)^2 ≈ 0.7575

c. Using the complementary probability:

P(x ≥ 3) = 1 - P(x ≤ 2) = 1 - [(4 choose 0) * (0.27)^0 * (0.73)^4 + (4 choose 1) * (0.27)^1 * (0.73)^3 + (4 choose 2) * (0.27)^2 * (0.73)^2] ≈ 0.2425

Answer:

See

Explanation:

Selling price = $25,000/1,000 = $25

Variable cost = $17,500/1,000 = $17.5

1,001 units

Contribution margin income statement

Sales ($25,000 + $25)

$25,025

Less variable expenses

I do not know You know

Answer:

An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.

A company's capital structure is the specific mix of debt and equity it uses to finance ongoing operations and spur further expansion.

The capital structure of a firm—which determines the sort of financing it chooses to rely on—has a significant impact on the cost of capital for that organization. The corporation has the option of using a combination of debt and equity or only equity.

According to our research, the CAPM is the most widely used model for cost of equity estimate, followed by the heuristic build up model. Risk premiums for unsystematic hazards are frequently used in CAPM.

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The ‘greener’ product is an example of Unilever’s corporate-level strategy for innovative growth. Thus, option D is correct.

Unilever has launched its "sustainable Living Brands" of "greener" products, in part in response to concerns voiced by environmentally aware consumers.

Prospects for innovation have arisen for Unilever through product creation, sustainable sourcing, and production efficiency. The 'greener' product is an illustration of Unilever's corporate-level approach to creative expansion. Therefore, it can be concluded that option D is correct.

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