, G's employees each earned an average of $870 per week. A total of 600 vacation weeks earned in 2021 were not taken during 2021. Wage rates for employees rose by an average of 6 percent by the time vacations actually were taken in 2022. What is the amount of G's 2022 salaries expense related to 2021 vacation tim

Answers

Answer 1

Answer:

$31,320

Explanation:

Calculation to determine the amount of G's 2022 salaries expense related to 2021 vacation tim

G's employees earned average of $870 per week.

Total vacation week in 2021 wew not taken - 600 week

Total salary expense of G corporation = $870 per week × 600

Total salary expenses = $522,000

If Wage rates for employees rose by an average of 6 percent

The amount of G's 2022 salaries expense = Total salary expenses × wage rate

The amount of G's 2022 salaries expense = $522,000 × 6%

The amount of G's 2022 salaries expense = $31,320

Therefore the amount of G's 2022 salaries expense related to 2021 vacation tim is $31,320


Related Questions

Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 2,400 Materials costs $ 14,500 Conversion costs $ 6,600 Percent complete with respect to materials 75 % Percent complete with respect to conversion 20 % Units started into production during the month 11,100 Units completed and transferred to the next department during the month 10,000 Materials costs added during the month $ 173,600 Conversion costs added during the month $ 243,600 Ending work in process inventory: Units in ending work in process inventory 3,500 Percent complete with respect to materials 90 % Percent complete with respect to conversion 30 % The cost per equivalent unit for materials for the month in the first processing department is closest to:

Answers

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to:

= $14.30.

Explanation:

a) Data and Calculations:

                                                  Units       Materials        Conversion

Beginning work in process     2,400      $ 14,500           $ 6,600

Percentage of completion

Beginning work in process                        75%                   20%

Started into production          11,100

Units in production               13,500

Completed and transferred 10,000

Ending work in process         3,500         90%                  30%

Costs added during the month             $173,600       $243,600

Total costs of production

Beginning work in process          $ 14,500           $ 6,600

Costs added during the month    173,600          243,600

Total costs of production            $188,100        $250,200

Equivalent units of production:

Completed and transferred 10,000   10,000 (100%)   10,000 (100%)

Ending work in process         3,500     3,150 (90%)       1,050 (30%)

Equivalent units of production            13,150                11,050

Cost per equivalent unit:

Total costs of production            $188,100        $250,200

Equivalent units of production        13,150              11,050

Cost per equivalent unit                 $14.30            $22.64

Management of Carla Vista Home Furnishings is considering acquiring a new machine that can create customized window treatments. The equipment will cost $199,550 and will generate cash flows of $104,750 over each of the next six years. If the cost of capital is 13 percent, what is the MIRR on this project

Answers

Answer:

MIRR = 27.85%

Explanation:

Below is the calculations:

The cost of equipment, Present value = $199550

Generate cash flow each year = $104750

Time = 6 years

Now find the future value of annual cash flow = 104750 (F/A , 13%, 6)

The future value of annual cash flow =104750 x 8.3227

The future value of annual cash flow = $871802.825

Now find the MIRR = (871802.825 / 199550)^(1/6)-1

MIRR = (4.3688)^(1/6)-1

MIRR = 27.85%

In year T, a US citizen buys 100 shares of Sonic on the Tokyo stock exchange at 700 yens each. Suppose the exchange rate then is $0.01 per yen. Suppose the price of the stocks falls to 600 yens each at time T +1. Nothing else changes. Compute the change in US external wealth between periods T and T +1 in dollars.

Answers

Answer:

Change in US external wealth between periods T and T +1 in dollars = -$100

Explanation:

Since nothing else changes, this implies that the exchange rate per yen is $0.01 in periods T and T +1. Therefore, we have:

Value shares of Sonic in period T in dollar = Number of shares of Sonic bought in period T * Price per share of Sonic in Yen in period T * Exchange rate per yen in periods T = 100 * 700 * $0.01 = $700

Value shares of Sonic in period T+1 in dollar = Number of shares of Sonic in period T+1 * Price per share of Sonic in Yen in period T+1 * Exchange rate per yen in period T+1 = 100 * 600 * $0.01 = $600

Change in US external wealth between periods T and T +1 in dollars = Value shares of Sonic in period T+1 in dollar - Value shares of Sonic in period T in dollar = $600 - $700 = -$100

A 4-year project has an annual operating cash flow of $42,000. At the beginning of the project, $6,000 in net working capital was required, which will be recovered at the end of the project. The firm also spent $21,900 on equipment to start the project. This equipment will have a book value of $5,460 at the end of the project, but can be sold for $6,920. The tax rate is 21 percent. What is the Year 4 cash flow?

Answers

Answer:

Total cash flow $54,613

Explanation:

The computation of the year 4 cash flow is given below:

Selling price of equipment $6,920

Book value at year 4 end $5,460

Capital gain $1,460

Tax on capital gain at 21% $306.6

So,  net cash flow from the sale of equipment  

= $6,920 - $307

= $6,613

Now year 4 cash flow is  

Annual operating cash flow $42,000

Release of working capital  $6,000

Net cash flow form sale of equipment $6,613  

Total cash flow $54,613

Mr. and Mrs. Underhill operate a hardware store in a jurisdiction that levies both a sales tax on retail sales of tangible personalty and an annual personal property tax on business tangibles. The personal property tax is based on book value as of December 31. This year, Mr. and Mrs. Underhill purchased $840,000 of inventory for their store.a. Are Mr. and Mrs. CS required to pay sales tax on the purchase of the inventory?b. How can Mr. and Mrs. CS minimize their personal property tax by controlling the timing of their inventory purchases?A. Minimize inventory on hand as of December 31.
B. Minimize inventory on hand as of March 31.
C. Minimize inventory on hand as of December 1.
D. Minimize inventory on hand as of April 30.

Answers

Answer:

a). No.

b). Minimize inventory on hand as of December 31.

Explanation:

As per the details provided, the Underhill couple is not eligible to pay any kind of sales tax while purchasing the inventories for their business. This is because the inventories are not purchased for resale. The sales tax that is levied on the final good(sold to the consumer) includes the tax on inventories indirectly as well. Therefore, charging sales tax on inventories when bought would lead to double tax on a single good. Thus, the answer would be 'No' i.e. option a.

As per the second question, in order to minimize the property taxes the couple requires to 'decrease their purchases associated with inventory on approaching December 31st.' This is due to the rule of 'First In and First Out.' If the inventories on 31st December is restricted, the taxes would be applied on property accordingly but if there's a huge stock, the higher amount of taxes would be levied depending on the property that is being used for the business. Thus, option b is the correct answer.

definition of management ​

Answers

Answer:

Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. ... There are several different resource types within management. Resourcing encompasses the deployment and manipulation of: Human resources. Financial resources.

Explanation:

Hope this helps you. Take care^_^

A customer sells short 1,000 shares of DT at $60 a share on Monday, October 14 and deposits the Regulation T margin requirement. If on October 23 the stock is trading at $75 a share. What would be TRUE about the customer selling?

Answers

Solution :

Adjusted Oct 23rd

Maintenance call will be issued, i.e. ,

$  75k x 0.3 = 22.5 k

Equity only = 15k

Therefore, the account will be adjusted on October 23rd and the margin maintenance call will be issued.

The treasurer of a large corporation wants to invest $43 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 3.47 percent; that is, the EAR for this investment is 3.47 percent. However, the treasurer wants to know the money market yield on this instrument to make it comparable to the T-bills and CDs she has already bought. If the term of the instrument is 77 days, what are the bond equivalent and discount yields on this investment? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Bond equivalent yield %
Discount yield %

Answers

Answer and Explanation:

The computation is shown below:

Given that,

EAR = 3.47%

1.0347 = (1+R ×77 ÷ 365)^365 ÷ 77

Now Take 365/77th root both sides

So,  

1+R × 77 ÷ 365 = 1.00722

1+R × 0.2109 = 1.00722

R × 0.2109 =0.00722

R = 0.03423

Thus, Bond Equivalent Yield = 3.423%

Now

Discount Yield = (360 × 0.03423) ÷ (365+77 × 0.03423)

= 12.3244 ÷ 367.6361

= 0.03352

Thus, Discount Yield = 3.352%            

How do systems serve different management groups in a business and how do systems that link the enterprise improve organizational performance

Answers

Answer:

In simple words, Enterprise apps are created to bring together a variety of activities and procedures. To facilitate coordination and decision-making, enterprise systems combine a company's major internal business operations into an unified software platform . Supply chains administration software assists a company in managing its relationships with vendors in order to improve product planning, procurement, production, and supply of commodities. 

For any positive interest rate the present value of a given annuity will be less than the sum of the cash flows, and the future value of the same annuity will be greater than the sum of the cash flows.

a. True
b. False

Answers

it’s A true

hope this helps

Materials cost per yard: standard, $1.90; actual, $2.04 Standard yards per unit: standard, 4.69 yards; actual, 5.03 yards Units of production: 9,400 Calculate the direct materials price variance. a.$1,316.00 unfavorable b.$6,619.48 unfavorable c.$6,619.48 favorable d.$6,172.04 favorable

Answers

Answer:

b.$6,619.48 unfavorable

Explanation:

Calculation to determine the direct materials price variance

First step is to calculate the Total number of actual quantity used

Total number of actual quantity used = 9400×5.03

Total number of actual quantity = 47,282

Now let determine the Material price variance

Using this formula

Material price variance = ( Standard price - Actual price ) × Actual quantity used

Let plug in the morning

Material price variance= ( $1.90 - $2.04 ) × 47,282

Material price variance=-0.14×47,282

Material price variance = -$6,619.48 unfavorable

Therefore the direct materials price variance is

-$6,619.48 unfavorable

Date of NoteFace AmountInterest RateTerm of Notea.January 5 *$90,000 60 days b.February 15 *21,000 4 30 days c.May 1968,000

Answers

Answer and Explanation:

The computation is shown below:

Note       Due date      Interest        Explanation

a)                May-04 $ 1,800     ($ 90,000 × 6% × 120 ÷ 360)

b)                Mar-16           $70 ($21,000 × 4% × 30 ÷ 360)

c)                Jul-03           $680 ($68,000 × 8% × 45 ÷ 360)

In this way the interest expense should be calculated

The same should be relevant and considered too

Financial information is presented below: Operating Expenses $ 89300 Sales Returns and Allowances 17000 Sales Discounts 11700 Sales Revenue 320900 Cost of Goods Sold 173900 The amount of net sales on the income statement would be

Answers

Answer:

Net sales = 292200

Explanation:

Below is the given values:

Operating expenses = $89300

Sales return = 17000

Sales discounts = 11700

Sales revenue = 320900

Cost of goods sold = 173900

Net sales = Sales revenue - Sales discount - Sales return

Net sales = 320900 - 11700 - 17000

Net sales = 292200

3. When Wassily Leontief tested the predictions of the Heckscher-Ohlin theory, he found that in 1947 the United States was exporting relatively labor-intensive goods and importing relatively capital-intensive goods. This finding: A. Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant. B. Contradicted the Heckscher-Ohlin theory as the United States was relatively labor-abundant. C. Was never duplicated by other studies and has thus been labeled a paradox. D. Fit the predictions of the Heckscher-Ohlin theory concerning the trading patterns of a capital-abundant country.

Answers

Answer:

A. Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant.

Explanation:

When Wassily Leontief tested the predictions of the Heckscher-Ohlin theory, he found that in 1947 the United States was exporting relatively labor-intensive goods and importing relatively capital-intensive goods. This finding: "Contradicted the Heckscher-Ohlin theory as the United States was relatively capital-abundant."

This is because Heckscher-Ohlin theory states that countries usually export commodities, and resources they have in excess, while in return, they import the commodities and resources they need.

However, given that the United States is a country that was relatively capital-abundant, Wassily Leontief's finding is considered to be a contradiction.

The Marketing Dept. needs to maximize consumer interest in the company's new financial services by sending marketing emails, targeted ads, and texts at prescribed intervals throughout the initial process of attracting and building a relationship with a customer. Riad's team has a large amount of data from previous marketing campaigns that they can analyze to develop a recommended schedule, taking into account a large variety of factors about different types of customers. What kind of technique will this task force need to employ in order to make these recommendations?

Answers

Answer:

Simulation

Explanation:

From the question we are informed about The Marketing Dept. Which needs to maximize consumer interest in the company's new financial services by sending marketing emails, targeted ads, and texts at prescribed intervals throughout the initial process of attracting and building a relationship with a customer. Riad's team has a large amount of data from previous marketing campaigns that they can analyze to develop a recommended schedule, taking into account a large variety of factors about different types of customers. In this case, the kind of technique this task force will need to employ in order to make these recommendations is Simulation.

Simulation can be regarded as imitation of particular operation of a real-world process, real world system within some specific period of time. Most times computers can be used in Execution of the simulation. Simulation can be used in different aspects such as in marketing, education, performance tuning.

The number of people employed in one country is 230 million, with a total number of unemployed people at 40 million. The total population for the country is 500 million. What is the unemployment rate? Group of answer choices

Answers

Answer:

Unemployment rate = 14.81 %

Explanation:

Unemployment is defined as the number of people that are willing and able to work in an economy but that are not able to get employment.

If is used as a measure of the level of economic growth of a country.

Mathematically:

Unemployment rate = (Unemployed) ÷ (Economically active people) *100

Economically active people are employed plus unemployed.

That is 230 million + 40 million = 270 million

Therefore

Unemployment rate = (40/270) * 100

Unemployment rate = 14.81 %

3.How does the theory of efficient production apply to managers of government bureaus or departments that are not run for profit

Answers

Answer:

The theory of efficient production applies to managers of government bureaus or departments that are not run for profit in the following way:

1. The theory helps them to ensure that production resources are optimally allocated to generate value.

2. The theory emphasizes that wastages must be minimized.

3. Efficiency also ensures that processes, policies, and programs are carried out at the right time on each occasion.

Explanation:

Government bureaus or departments require to make decisions about the resources that they require for government services and the value of the output of these services to the public.  The managers ensure that costs are not so much greater than the value created from deploying scarce resources. The best allocation of resources must always be decided to achieve value for money.

Dockwiller Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditioners, is known as D53. Data concerning this product are given below:

Per Unit
Selling price $1.50
Direct materials $26
Direct labor $3
Variable manufacturing overhead $1
Fixed manufacturing overhead $17
Variable selling expense $2
Fixed selling and administrative expense $18


The above per unit data are based on annual production of 3,000 units of the component. Assume that direct labor is a variable cost. The company has received a special, one-time-only order for 200 units of component S06. There would be no variable selling expense on this special order and the total fixed manufacturing overhead and fixed selling and administrative expenses of the company would not be affected by the order. If XYZ has excess capacity and can fill the order without cutting back on the production of any product, what is the minimum price per unit below which the company should not accept the special order?

a. $67 per unit
b. $150 per unit
c. $30 per unit
d. $47 per unit

Answers

Answer:

c. $30 per unit

Explanation:

The computation of the minimum price per unit below which the company should not accept the special order is given below:

Direct materials $26

Direct labor $3

Variable manufacturing overhead $1

minimum price per unit  $30

Therefore the option c is correct

An abundance of utility-focused blogs exist, posting negative information about utilities in general and even about ABC Utility. Which of the following is NOT a wise response to control the negative blogs?

a. Repost the negative blogs that appear in other places, and argue against the content.
b. Create a company sponsored blog and post blogs with useful information.
c. Monitor the blogs to gather information about public perception.
d. Ask the CEO to frequently write a blog post regarding the values and vision of the organization.

Answers

Answer:

a

Explanation:

Blogs are a good medium that can be used by firms to disseminate information about their goods and services.

Blogs are also a good way to gather information about the perception of consumers to a company's goods and services

A company can make use of blogs to disseminate positive information about their goods and services by creating a company sponsored blog and post blogs with useful information. It would be and advantage if key personals in the firm frequently write a blog post about the firm e.g.  the values and vision of the organization.

The following is TRUE about Inventory: A. Firms increase inventory because there is an opportunity cost to holding inventory B. Firms increase inventory because more inventory sitting for longer periods of time present more opportunities for damage, errors, rework, theft, and obsolescence C. Firms increase inventory because more inventory means more movement of materials D. Firms increase inventory because there is a risk of significant and unpredictable fluctuations in downstream demand E. Firms increase inventory because the more we spend on inventory, the more we need to spend on other inventory-related expenditures

Answers

Answer:

I don't know how it is possible

With crews working shifts that span 24 hours a day, what is the most important thing for Satya to keep in mind as she prepares her live talk that will be replayed to employees on other shifts

Answers

Answer: d. Look into the camera more than the live audience

Explanation:

It is best that Satya looks into the camera as the speech is being given because it will be replayed to other shifts. When it is replayed to those shifts, they need to get the impression that she is looking at them as she gives the speech.

This is not a necessity with the live audience because she is already in front of them and looking at the camera does not mean that she would not be looking at them based on the location of the camera. It is however, more important that she looks in the camera for the benefit of the next shifts.

For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs conversion costs of $6,000 with 80% completed. If the conversion cost per equivalent unit was $1.15 per gallon in August, what is the difference in the conversion cost per equivalent unit between the two months

Answers

Answer:

Florida, Inc.

The difference in the conversion cost per equivalent unit between the two months is:

= $0.15.

Explanation:

a) Data and Calculations:

Direct materials cost = $12,000

Production units (gallons of strawberry lemonade) = 7,500

Conversion costs = $6,000

Degree of completion of conversion = 80%

Equivalent units of conversion = 6,000 (7,500 * 80%)

Therefore, the conversion cost per equivalent unit = $1.00 ($6,000/6,000)

The difference in the conversion cost per equivalent unit between the two months is $0.15 ($1.15 - $1.00)

Coomb's Fashions forecasts sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for this quarter should be:

Answers

Answer:

Total purchase= $109,000

Explanation:

To calculate the budgeted purchases, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Budgeted purchase:

Production= 125,000*0.8= 100,000

Desired ending inventory= 41,500

Beginning inventory= (32,500)

Total purchase= $109,000

A monopolist that practices perfect price discrimination:_________.
A. charges each consumer the rnaximum price the consumer is willing to pay.
B. drives consumer surplus to zero
C. produces the perfectly competitive level of output.
D. All of the above are correct.
E. Only A and B are correct.

Answers

Answer:

D. All of the above are correct.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Price discrimination refers to the situation in which a business firm sells an identical product to different consumers at different selling price based on reasons that are not in any way associated or related with its manufacturing cost.

Hence, a monopolist that practices perfect price discrimination:

A. Charges each consumer the maximum price the consumer is willing to pay.

B. Drives consumer surplus to zero

C. Produces the perfectly competitive level of output.

Answer:

D. All of the above are correct.

Explanation:

Hope this helps

Nieto Company’s budgeted sales and direct materials purchases are as follows.
Budgeted Sales Budgeted D.M. Purchases
January $250,600 $32,200
February 238,100 45,300
March 299,600 38,300
Nieto’s sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Nieto’s purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase.
A) Prepare a schedule of expected collections from customers for March
B) Prepare a schedule of expected payments for direct materials for March.

Answers

Answer:

Nieto Company

A) Schedule of expected collections for March:

30% Cash Sales                     $89,880

Credit Sales                          $167,307

Total collections for March $257,187          

B) Schedule of expected payments for direct materials for March:

40% month of purchase     $15,320

60% ffg month                    $27,180

Total expected payments $42,500

Explanation:

a) Data and Calculations:

                                            January    February     March      Total

Budgeted sales                 $250,000  $238,100  $299,600

Cash collections:

30% Cash                            $75,000     $71,430     $89,880

70% Credit                         $175,000  $166,670   $209,720

Cash collections from credit sales:

Month of sale, 10%              $17,500    $16,667     $20,972

Following month, 50%                           87,500       83,335

Second month, 36%                                                 63,000

Total collections for March (credit sales)             $167,307

Budgeted D.M. Purchases $32,200   $45,300     $38,300

Cash payments:

40% purchase month         $12,880     $18,120      $15,320

60% ffg month                                      $19,320     $27,180

Total payments                  $12,880     $37,440    $42,500

What can organizations do to keep rewards individualized enough to meet various employee needs (needs theory) while trying to ensure that everyone feels that all the different rewards are fair (equity theory)

Answers

Answer:

The best way to go about this is to design and operate and rewards system that recognizes individual needs as summarized and proposed by David McClelland.

The theory of equity on the other hand speaks to the perception of how input is compensated for in relation to those of others. Human beings (workers) will come with varying degrees of skills and input.

So to customize rewards in such a way that it recognizes unique contributions in an equitable way, one must first decide what key skills will be required for each job and which jobs are required to achieve organizational goals and objectives.

Explanation:

The Needs Theory by David Mclelland summarizes individual needs into three. They are:

Achievement AffiliationPower

A balanced reward system will have financial and non-financial benefits. some of the non-financial benefits will be tailored to have the above components.

- Achievement: An example of this is - Opportunity for higher assignments

- Affiliation: The need to belong to a strong Employer brand

- Power: This answers the question about whether or not one will become more influential as they progress with the company

The equity theory will guide the business owner in ensuring that all selected metrics of input are classed and priced accordingly.

The usual form of input include but are not limited to:

Ability Adaptability Commitment Determination Education Effort Enthusiasm Experience Flexibility Hard Work Loyalty Personal sacrifice Skill Support from co-workers and colleagues Time Tolerance Trust in supervisors

Equity sometimes is difficult to achieve due to issues with capacity on the part of the company. Best practice, however, is to recognize equity first from the perspective of standard industry practice, then match or exceed such offering by a combination of Financial and Non-Financial rewards that are based on the strength of the organization.

Another strategy is for organizations to adapt it's reward systems to  Achievement Based Compensation. This type of compensation instead of focusing on the inputs listed above focuses on results.

In this case, expected results and capacity to deliver and subsequent rewards on same are discussed and agreed upon.

Minimum requirements are also defined ahead of time. Under this kind of structure, equity is achieved, and individual needs are recognized.

Cheers

It is essential that organizations meet the needs of employees on an individual basis and ensure that everyone feels that the different rewards are fair. This can be achieved by implementing a culture focused on integration, collaboration and open and clear communication.

What is Equity theory?

It is a theory that explains how motivation in the workplace is related to the perception of employees through their sense of justice, that is, employees compare their work inputs and outputs in relation to others.

Therefore, by creating open communication and an effective reward system, employees can have their needs met and create a strong sense of appreciation for their work.

Find out more about Equity theory here:

https://brainly.com/question/26507171

The following firms in the widget industry have the following market shares:

Spacely Sprocket Widgets 12 %,
Cogswell Cog Widgets 13 %,
Intel Widgets 14 %,
Compaq Widgets 15 %,
IBM Widgets 16%,
Apple Widgets 17 %, &
Microsoft Widgets 13 %.

Required:
Based on this information, what is the Herfindahl Hirschmann Index (HHI) for the Widget Industry ?

Answers

Answer: 1,448

Explanation:

The Herfindahl Hirschman Index (HHI) is used to show how concentrated an industry is. A lower score indicates that the industry is not very concentrated because there are multiple firms involved.

A higher score shows that the industry is concentrated and controlled by a few firms.

HHI = ∑ square of every firm market share

= 12² + 13² + 14² + 15² + 16² + 17² + 13²

= 1,448

This industry is relatively competitive.

Swifty Corporation has 46,500 shares of $13 par value common stock outstanding. It declares a 15% stock dividend on December 1 when the market price per share is $18. The dividend shares are issued on December 31. Prepare the entries for the declaration and issuance of the stock dividend. (

Answers

Answer:

Common stock dividend distributable = Par * Number of shares * % dividend

= 13 * 46,500 * 15%

= $90,675

Stock Dividend = Number of shares * market price * % dividend

= 46,500 * 18 * 15%

= $125,550

Date          Account Title                                                 Debit               Credit

Dec, 1        Stock Dividend                                          $125,550

                 Common Stock Dividend Distributable                            $90,675

                  Paid in Capital in excess of Par-                                       $34,875

                  Common stock

Date          Account Title                                                 Debit               Credit

Dec, 31      Common Stock Dividend Distributable     $90,675

                 Common Stock                                                                  $90,675

John is a manager on a manufacturing line. He has cross-trained a few employees on all stations so that if a key employee calls in sick, another employee can fill in to do the job. John is making ______ plans.

Answers

Answer:the answer is contingency

Explanation:

IBM signs an agreement to lend one of its customers $200,000 to be repaid in one year at 5% interest. IBM would record this loan as: A. Notes Payable. B. Notes Receivable. C. Accounts Receivable. D. Unearned Revenue.

Answers

Answer:

B. Notes Receivable.

Explanation:

Since the company is signed an agreement for lending out of its customers for $200,000 that could be repaid in one year at 5% interest so it is not revenue not note payable and also not account receivable

Therefore it is a note receivable

Hence, the option b is correct

and, the same is to be considered and relevant

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