Answer:
$50,000
Explanation:
A patent should be recorded at fair market value. When the book value of a patent is higher than its market value, then its book value should decrease. This decrease in the book value is called impairment.
In this case, the patent's book value is $500,000, but its market value is $450,000. The impairment loss = $500,000 - $450,000 = $50,000.
If Sheridan Company issues 7500 shares of $10 par value common stock for $375000, the account Paid-in Capital in Excess of Par Value will be credited for $75000. Common Stock will be credited for $75000. Cash will be debited for $300000. Paid-in Capital in Excess of Par Value will be credited for $375000.
Answer:
Common Stock will be credited for $75000
Explanation:
The journal entry to record the issuance of the common stock is shown below:
Cash Dr $375,000
To Common stock (7,500 shares × $10) $75,000
To Additional paid in excess of par value - common stock $300,000
(Being the issuance of the common stock is recorded)
For recording this we debited the cash as it increased the assets and credited the common stock and additional capital as it increased the equity
Firms that follow variable-cost pricing Multiple Choice sell their products at lower net prices abroad than in the domestic market. ensure that no unit of a similar product is different from any other unit in terms of cost. tend to have high variable costs relative to fixed costs. often do so to maximize revenue by matching demand with a limited supply. ensure that each unit bears its full share of the total fixed and variable cost.
Answer:
Sell their products at lower net prices abroad than in the domestic market
Explanation:
Variable costing is a product costing method where only the variable manufacturing cost like the cost of direct materials ,labor and the variable manufacturing overhead are factored into the cost of production. This does not consider a complete cost like the absorption method of costing and as a result , the final overall cost is lower,
Using variable cost males it possible to sell products at lower net prices abroad compared to the domestics market as the tax laws of various country requires absorption method , hence it is not captures using variable costing.
Which of the following statements is FALSE? Inventory sourcing occurs when an order is created. Inventory sourcing occurs when an order is changed. Inventory sourcing occurs when a quotation is made. Inventory sourcing occurs when the delivery document is created
Answer:
Inventory sourcing occur when a quotation is created
Explanation:
Inventory sourcing is a process of inventory replacement that involves locating and selecting suppliers of inventory based on certain criteria.
The process of inventory sourcing includes creating an order ,changing an order and creating the delivery document .
Submitting a quotation is a pre - sourcing activity that may not necessarily lead to sourcing except the prices and other terms contained in it is in line with the business strategy of the buying organization.
The introduction of automatic elevator equipment allowed firms to handle the movement of people in a multistory building at less cost, thus decreasing the demand for elevator operators. The best explanation for this change is that the Multiple Choice marginal product of elevator operators was equal to its price. marginal product of automatic elevator equipment was equal to its price. marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators. marginal product of elevator operators divided by its price was greater than that for automatic elevator equipment.
Answer:
The marginal product of automatic elevator equipment divided by its price was greater than that for elevator operators
Explanation:
Since in the question, it is mentioned that the automatic elevator introduction permit the firms to handle the movement of the people at least cost also it declines the demand for the operators of the elevator
This represents that the marginal product of elevator equipment would be divided by price and also it is more than for operators who are dealing in elevators
Which transaction or event required the journal entry: debit Interest expense for $250 and credit Interest payable for $250
Answer:
Loan or loan note with a specific interest rate
Explanation:
When the firm has taken a loan from the bank or issued loan notes which have the specific interest rate or coupon rate respectively paid in arrears. The interest expense will accrue each year with the entry by debiting the interest expense and crediting the interest payable and when the interest will be paid the entry will be credit cash and debit interest payable.
Your job is to submit a risk diagnosis to the Centers for Medicare & Medicaid Services (CMS) for the purpose of payment. As part of this job, you use a process to verify the data is accurate. Your immediate supervisor tells you to ignore the Sponsor's process and to adjust or add risk diagnosis codes for certain individuals. What should you do?
Answer:
Report the incident to the compliance department (via compliance hotline or other mechanism)
Explanation:
Since in the question, it is mentioned that the you have to submit a diagnosis risk to CMS with respect to the payment also you need to check whether the data is correct or not
But at the same time you also ignored the process so here you need to report the situation to the compliance department so that the proper actions could be taken
In a risk diagnosis to the Centers for Medicare & Medicaid Services (CMS), report the incident to the compliance department (via compliance hotline or other method.
Since it is stated in the question that you must submit a diagnosis risk to CMS in order to receive reimbursement, you must also verify that the data is valid.
However, also neglected the process, therefore must report the problem to the compliance department so that appropriate action can be taken.
The Sponsor's methodology ensures that the data reported to CMS is correct. If disregard the process, its risk providing inaccurate information to CMS, which might have major consequences.
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There are 120 mangoes in a basket and 168 mangoes in another basket.
Find the greatest number of mangoes which are to be taken out at a time
from each basket so that both of them will be emptied simultaneously.
Answer:
The greatest number of mangoes which are to be taken out at a time from each basket so that both of them emptied simultaneously is the number of mangoes in each basket which is 120 mangoes for one basket and 168 mangoes for the other basket
Explanation:
Given that the number of mangoes in one basket = 120 mangoes
Also, the number of mangoes in another basket = 168 mangoes
The greatest number of mangoes, X and Y that are to taken out from each basket so that both of them will empty simultaneously is found as follows;
We note that the ratio of the number of mangoes in both baskets are;
120:168 = 5:7
Therefore, we have;
5 × Y = 120
Y = 20/5 = 24
Similarly, we have;
7 × X = 168
X = 168/7 = 24
We can take 5 mangoes from one basket and 7 mangoes from the other basket 24 times, for both mangoes to empty the same time
We can also take 5×12 = 60 mangoes twice from one basket and 7 × 12 = 84 mangoes twice from the other basket to empty the baskets
We can also take 120 mangoes one from one basket and 168 mangoes one from the other basket to empty the baskets.
Therefore, the greatest number of mangoes which are to be taken out at a time from each basket so that both of them emptied simultaneously is the number of mangoes in each basket which is 120 mangoes for one basket and 168 mangoes for the other basket.
"A 25-year old client with a low risk tolerance wishes to invest in bonds. The client has invested in equities before, but has no experience investing in bonds. The BEST recommendation would be:"
Answer: AA-rated short-term bonds
Explanation:
The options to the question are:
A. BB-rated short-term bonds
B. BB-rated intermediate-term bonds
C. AA-rated short-term bonds
D. AA-rated long-term bonds
From the question, we have been informed that the client has a low risk tolerance and wants to invest in bond.
Based on this scenario, to reduce the risk of the interest rate risk, it should be noted that short-term maturities are more appropriate than choosing the long-term maturities.
Therefore, the best recommendation will be AA-rated short-term bonds.
Zack enters into a contract to buy Olivia’s home. Per the terms of the contract, Zack must put down a $10,000 earnest money deposit and have the property inspected within five days. In reality, he puts down a $12,000 deposit and has the property inspected within two days. This is an example of ______.
Answer:
performance of a contract
Explanation:
When you enter a contract you can perform your part of the contract, not perform your part of the contract or partially perform your part of the contract. In legal terms, there is no such thing as over performance.
in this case, Zack performed his part of the contract. Him making a slightly higher deposit or getting the inspection done before the due date, will not alter the total consideration of the contract, e.g. selling price will remain unchanged and the house will be the same one.
The Mars acquisition of the Wrigley assets was part of its related constrained diversification and added market share to the
Answer:
Mars Wrigley Integrated Firm
Explanation:
This acquisition provided the extended reach to the company, as with this merger of both the companies, there are certain assured benefits:
1) Increase in sales value by selling at a price higher than the prevailing price in the market, or
2) Decreasing the cost of product manufacturing as prevailing in the industry for that product.
This joint would automatically gain the major share in the market as with increase in profits and diversification in providing goods, expands the company in all respects.
3. What does the segment suggest to guard against employee misuse of workplace technology? *
Answer:
Economics
Explanation:
SEC Form S-3 is an optional, short-form registration statement that relies on the incorporation by reference of periodic reports required by the Securities Exchange Act of 1934. Form S-3 offers substantial savings in filing costs over other forms because minimal disclosures are required in the prospectus. The SEC permits the use of Form S-3 by an issuer that
Complete Question:
SEC Form S-3 is an optional, short-form registration statement that relies on the incorporation by reference of periodic reports required by the Securities Exchange Act of 1934. Form S-3 offers substantial savings in filing costs over other forms because minimal disclosures are required in the prospectus. The SEC permits the use of Form S-3 by an issuer that
Group of answer choices.
A. Does not qualify for Form S-1.
B. Is a seasoned issuer or a well-known seasoned issuer.
C. Does not have stock held by nonaffiliates.
D. Has not had to file Form 8-K during the most recent 2-year period.
Answer:
B. Is a seasoned issuer or a well-known seasoned issuer.
Explanation:
SEC Form S-3 is an optional, short-form registration statement that relies on the incorporation by reference of periodic reports required by the Securities Exchange Act of 1934. Form S-3 offers substantial savings in filing costs over other forms because minimal disclosures are required in the prospectus. The SEC permits the use of Form S-3 by an issuer that is a seasoned issuer or a well-known seasoned issuer.
There are four (4) types of recognized issuers under the Securities and Exchange Commission (SEC) integrated disclosure system, namely;
1. A seasoned issuer: this is an issuer who has a minimum market capitalization of $75,000,000 and has filed for a year at least. They're permitted to use the Form S-3 to report any less details or provide information by reference to other sources.
2. A well-known seasoned issuer: this is an issuer who has a minimum worldwide market capitalization of $700,000,000 and has also filed for a year at least. They're also permitted by the SEC to use the Form S-3.
3. A non-reporting issuer: this is an issuer who is permitted to use the Form S-1 because they're not required to file report under the Securities Exchange Act of 1934.
4. An unseasoned issuer: they are also required by the Securities Exchange Act of 1934 to use the Form S-1.
Coronado Industries has outstanding accounts receivable totaling $6.57 million as of December 31 and sales on credit during the year of $22.6 million. There is also a credit balance of $11000 in the allowance for doubtful accounts. If the company estimates that 5% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year?
Answer:
$317,500
Explanation:
The computation of the amount of bad debt expense is shown below:-
Bad debt expenses = (Accounts receivable × Outstanding receivable percentage) - Opening Allowance for doubtful debts
= ($6.57 million × 5%) - $11,000
= $317,500
Therefore for computing the bad debt expense we simply applied the above formula.
An arrangement where a property developed by the seller is sold to a buyer. The seller retains occupancy of the premises by signing a lease with the buyer. The seller, now the tenant, pays taxes, utilities, insurance and operating costs. This is called a ___________. This is a common practice for Walmart and Rite-Aide and many other businesses Group of answer choices sale rental agreement net lease investment lease-purchase option nome of the other answers
Answer:
B. net lease investment
Explanation:
The net lease investment is a type of commercial real estate arrangement where the tenant of a property is expected to pay rent along with either taxes, insurance, and maintenance. There are different types of net lease agreements. We have the;
1. Single net lease agreement where the tenant is expected to pay rent along with property taxes. The landlord pays for the operating costs of the property.
2. Double net lease agreements where the tenant, also known as lessor pays the rent, property taxes, and insurance. The landlord pays for the operating costs.
3. The triple net lease agreements where the tenant pays the rent, property insurance, and taxes, as well as the operating costs of maintenance.
Most businesses in the United States such as FedX, McDonald's, Walmart, and many others use this kind of real estate arrangement.
EFT, Inc. EFT, Inc. wants to empower and engage its employees. They have several teams consisting of highly skilled employees and no one person on these teams has a specifically assigned position. Instead, employees lead each other as the occasion arises so there is no formal hierarchy or organizational chart. This type of leadership is most effective when:
Answer:
This question is incomplete, the options are missing and the final sentence is written wrong.
The options are the following:
a) People-oriented leadership
b) Managerial leadership
c) Shared leadership
d) Servant leadership
And the correct answer is the option C: Shared leadership
That type of leadership is known as Shared leadership.
Explanation:
To begin with, the "Shared leadership" is the name given to a style of leadership that is used in the companies with the purpose of letting the members of a team to work together as there were no leader at all but instead every member lead each other as the occassions arises and the project goes on. Therefore that this style matches with the description given in where the team members help each other to resolve the situations that evolve as long as the project keeps to continue.
Question 2 of 10
Which of the following skills do employers in any field expect their employees
to have?
O A. Ability to use a cash register
O B. Ability to lift at least 30 pounds
O c. Ability to use word processing software
O D. Ability to provide a healthy work environment
Answer:
D. Ability to provide a healthy work environment
Explanation:
The most important skill needed by employers in any field is the ability to provide a healthy work environment. Irrespective of any expertise, a good and healthy work environment is needed for employees so that they can be productive. A healthy environment leads to reduce in injuries and illness thereby providing a stress free environment which in turn leads to an increased productivity.
Jessica invested her savings in two investment funds. The amount she invested in Fund A was $8000 less than the amount she invested in Fund B. Fund A returned a 2% profit and Fund B returned a 8% profit. How much did she invest in Fund B, if the total profit from the two funds together was $2140
Answer:
23,000
Explanation:
Jessica invested her savings in two investment funds
The amount that she invested in fund A was $8000 than the amount invested in fund B
A + B = -8000.......... equation 1
Fund A returned 2% profit and fund B returned 8% profit
2/100= 0.02 , 8/100= 0.08
0.02A + 0.08B= 2140.............equation 2
From equation 1
A -B= -8000
A= -8000+B
Substitute -8000-B for A in equation 2
0.02(-8000+B) + 0.08B= 2140
-160+0.02B + 0.08B= 2140
-160 + 0.1B= 2140
Collect the like terms
0.1B= 2140+160
0.1B= 2300
B= 2300/0.1
B= 23,000
From equation 1
A-B= -8000
A= -8000+B
Substitute 23,000 for B
A = -8000+23000
A= 15,000
Hence Jessica invested 23,000 in fund B
In the course of selling a home to a buyer, a broker told the buyer that the home's foundation was "solid as a rock", when he knew for a fact that it was slowly sinking into the landfill on which it was built. In this situation, the broker's conduct would be BEST defined as a
Answer:
willful misrepresentation
Explanation:
Willful misrepresentation is an intentional act or misrepresentation of facts with an intent to deceive. It is an intentional action taken by one party, which constitutes a breach of representation with an intent or act to mislead the other party to whom such representation was made.
The above scenario is an example of wilful misrepresentation because the broker knew that the foundation of the house was faulty but willfully misrepresented fact by telling the buyer that the home's foundation was 'solid as rock'.
Match the ICS Functional Areas with their descriptions.
a. Incident Command
b. Operations
c. Planning
d. Logistic
e. Finance/Administration
f. Intelligence/Investigation
1. Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
3. Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.
4. Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.
5. Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.
6. Arranges for resources and needed services to support achievement of the incident objectives.
Answer:
1. Planning.
2. Command.
3. Intelligence/Investigation.
4. Operations.
5. Finance/Administration.
6. Logistics.
Explanation:
ICS is an acronym for incident command systems and can be used for planned events, as well as for emergencies and coordinated responses in various circumstances or organizations.
The five (5) major functional areas of the incident command system (ICS) are;
1. Planning: Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Command: Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
3. Intelligence/Investigation: Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.
4. Operations: Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.
5. Finance/Administration: Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.
6. Logistics: Arranges for resources and needed services to support achievement of the incident objectives.
Smith Company learned that several other shippers in its hometown had customers located in the same markets that it serves. With this information, Jones should investigate the possibility of:
Answer: Pooled delivery consolidation
Explanation:
Pooled delivered consolidation is a scenario where group of shipments bound for the same region would have shipped less than tuckload carrier are pooled into the same trailer and are shipped to key markets then desolved to make the final aspects of the delivery. Smith should investigate a possibility of pooled delivery consolidation.
What are some subject areas PAS prepares students for? Check all that apply.
health science
hospitality
agricultural machinery
information technology
landscape design
food science
Answer:
Agricultural
Landscape
Food science
Explanation:
Just took the quiz
In an addendum to the purchase and sale contract, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing. This is an example of _______.
Answer: Partial performance
Explanation:
Partial performance is described as the completion of a job that forms a portion of a contract.Here, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing.
This indicates a part of job is done.
Hence, this is an example of partial performance.
1.
True or False: How quickly other drugs reach the bloodstream varies depending upon how the drug is put into the system and the type of drug, the age of the user, and the weight of the user.
True
False
Answer:
true is the answer i think
A citizen in a developing country with a currency policy of convertibility on the current account could engage in all of the following transactions except: Multiple Choice purchase foreign currency in order to import a BMW. sell foreign currency resulting from the exports of manufactured t-shirts. sell foreign currency resulting from the sale of a U.S. treasury bond. purchase foreign currency in order to purchase a U.S. treasury bond.
Answer: purchase foreign currency in order to purchase a U.S. treasury bond.
Explanation:
Currency convertibility has to do with the degree in which the domestic currency of a particular country can be converted into the currency of another country.
Therefore, a citizen in a developing country with a currency policy of convertibility on the current account could engage in the purchase foreign currency in order to purchase a U.S. treasury bond.
If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized workers' pensions required under the collective agreement then attempts to reduce workers' pension entitlements, the union members will most likely
Complete Question:
If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized workers' pensions required under the collective agreement then attempts to reduce workers' pension entitlements, the union members will most likely
Group of answer choices
A. enter into collective bargaining.
B. be unable to defend against this action.
C. take defensive strike action.
D. receive higher wages instead.
Answer:
C. take defensive strike action.
Explanation:
If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized workers' pensions required under the collective agreement then attempts to reduce workers' pension entitlements, the union members will most likely take defensive strike action.
A for-profit firm can be defined as a business entity that is solely focused on making or earning profits rather than public interests.
In this scenario, the union members (workers) have been denied their pension benefits and even attempts to reduce the amount. Thus, to express their displeasure and reservations to the unsatisfactory behavior of the for-profit firm, the union members will most likely take defensive strike action such as protest so as to defend their common interests.
roker Bill takes his broker course and passes it. He applies and receives his license on time. He pays all the appropriate fees and he begins his work. (He does not have a four-year degree in real estate.) He is not sure which course or courses he must take to renew his license the first time. What must Broker Bill do?
Answer: Broker Bill must complete the two 30 hour courses which will be equal to 60 hours post license course
Explanation:
From the question, we are informed that Bill takes his broker course and passes it and that he applies and receives his license on time and then pays all the appropriate fees and he begins his work even though he does not have a four-year degree in real estate.
We are further told that he is not sure which course or courses he must take to renew his license the first time. Broker Bill must complete the two 30 hour courses which will be equal to 60 hours post license course
a printed pamphelt that describes goods for sale is called a?
Answer:
The term "marketing brochure" refers to a small document, or pamphlet, which describes and promotes various products or services to be marketed.
Which of the following is TRUE? Group of answer choices Flexibility in structure is more important than stability. Strategy has a more important influence on structure than structure has on strategy. Large organizations can retain a simple structure as long as they have a focus strategy. Organizations tend to change structure too frequently, which erodes their competitive advantage.
Answer: Strategy has a more important influence on structure than structure has on strategy
Explanation:
Organizational structure specifies formal reporting relationships of an organization, controls, procedures, authority and the decision-making processes.
Organizational strategies are the actions put in place by an organization to achieve its goals. It should be noted that strategy has a more important influence on structure than structure has on strategy.
Anderson Corp. began the period with $200 of supplies. During the period, $500 of supplies were purchased. At the end of the period, there were $300 of supplies on hand. What will be the amount of the adjusting entry to record the amount of supplies used
Answer:Amount of supplies used =$400
Explanation:
Beginning balance of supplies $200
Supplies purchased $500
Ending supplies balance on hand $300
Amount of supplies used = Beginning balance of supplies + Supplies purchased - Ending supplies balance on hand
= $200 +$500 - $300
= $400 is amount of the adjusting entry to record the amount of supplies used in Anderson Corp.
Which of the following are good workplace writing
habits? Check all of the boxes that apply.
adjusting the writing style to the audience
and avoiding the use of technical terms if the
reader is not familiar with the subject
checking for errors and misspellings and
making sure to use the correct version of a
word
using abbreviations since everyone in the
office understands their meanings
The one that exemplifies good workplace writing habits would be:
A). adjusting the writing style to the audience and avoiding the use of technical terms if the reader is not familiar with the subject.
B). checking for errors and misspellings and making sure to use the correct version of a word.
Writing HabitsThe above two habits that exemplify good habits of writing at the workplace would be modifying the writing as per the audience.
The technical terms must be prevented before the audience that is not aware of it.
The other good habit is that it is searching for the mistakes that would assist in improving the vocabulary and pronunciation.
Thus, options A and B is the correct answer.
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