Margin of Safety a. If Canace Company, with a break-even point at $960,000 of sales, has actual sales of $1,200,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number. 1. $fill in the blank 1 2. fill in the blank 2 % b. If the margin of safety for Canace Company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was the amount of actual sales (dollars)? (Hint: Determine the break-even in sales dollars first.) $fill in the blank 3

Answers

Answer 1

Answer and Explanation:

The computation is given below:

a      

Margin of safety in dollars is

= $1,200,000 - $960,000

= $240,000

As a percentage of sales is

= $240,000 ÷ $1,200,000

= 20%  

b      

Break-even in sales dollars is

= $1,875,000 ÷ (1 - 0.8)

= $9,375,000

Actual sales (dollars) is

= $9,375,000 ÷ (1 - 0.2)

= $11,718,750

In this way it should be determined


Related Questions

Sales totaled $1,277,750 for the year, variable selling and administrative expenses totaled $158,710, and fixed selling and administrative expenses totaled $212,190. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be:

Answers

Complete Question:

Krepps Corporation produces a single product. Last year, Krepps manufactured 32,150 units and sold 26,900 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $234, 695 $154, 320 $279, 705 $482, 250 Sales totaled $1,277,750 for the year, variable selling and administrative expenses totaled $158,710, and fixed selling and administrative expenses totaled $212.190. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be:

Multiple Choice

O $28,350 higher than under absorption costing.

0 $28,350 lower than under absorption costing.

0 $78,750 lower than under absorption costing,

0 $78,750 higher than under absorption costing.

Answer:

Krepps Corporation

Under variable costing, the company's net operating income for the year would be:

0 $78,750 lower than under absorption costing

Explanation:

a) Data and Calculations:

Production units = 32,150 units

Sales units = 26,900 units

Production costs :

Direct materials                               $234, 695

Direct labor                                       $154, 320

Variable manufacturing overhead $279, 705

Fixed manufacturing overhead     $482, 250

Sales for the year                          $1,277,750

Variable selling and administrative expenses  $158,710

Fixed selling and administrative expenses      $212,190

Income Statement under variable costing:

Sales for the year                                               $1,277,750

Variable cost of goods sold                                $559,520

Variable selling and administrative expenses     $158,710

Total variable costs                                              $718,230

Contribution margin                                           $559,520

Fixed manufacturing overhead                         $482,250

Fixed selling and administrative expenses       $212,190

Total fixed costs                                                $694,440

Net operating loss                                             $134,920

Direct materials                               $234, 695

Direct labor                                       $154, 320

Variable manufacturing overhead $279, 705

Total variable manufacturing cost  $668,720

Production units =                            32,150

Unit costs = $20.60

Cost of goods sold = $559,520 ($20.80 * 26,900)

Income Statement under absorption costing:

Sales for the year                                               $1,277,750

Cost of goods sold                                              $963,020

Gross profit                                                           $314,730

Fixed selling and administrative expenses        $212,190

Variable selling and administrative expenses    $158,710

Total fixed costs                                                 $370,900

Net operating loss                                                $56,170

Direct materials                               $234, 695

Direct labor                                       $154, 320

Variable manufacturing overhead $279, 705

Fixed manufacturing overhead     $482, 250

Total manufacturing costs             $1,150,970

Production units = 32,150

Cost per unit = $35.80

Cost of goods sold = $963,020 ($35.80 * 26,900)

Difference = $78,750 ($134,920 - $56,170)

A farmer needs to borrow $1,000. The local PCA will make a 2-year loan fully amortized at 10% (annual rate) with quarterly payments. A $10 loan fee and stock purchase is required. The borrower stock requirement is the lesser of $1,000 or 2% of loan principal. Assume that sufficient money is borrowed to cover the $1,000, the fee and the stock requirement. Also assume that the stock requirement is returned to borrower when the loan is paid off and the last debt payment can be reduced by the stock amount. How much money needs to be borrowed

Answers

Answer:

the  amount required to be borrowed is $1,030.60

Explanation:

The computation of the amount required to be borrowed is given below:

= (Sufficient money + loan fee) ÷ (1 - given percentage)

= ($1,000 + $10) ÷(1 - 0.02)

= $1,030.60

Hence, the  amount required to be borrowed is $1,030.60

We simply applied the above formula so that the correct value could comes and the same should be relevant

How to write business proposal

Answers

A proposal finalises the sales process, it doesn’t begin it. Ideally, you should NEVER put a proposal to a prospect without having a conversation first.

Let’s say you get a request out of the blue to provide “some information”. What do you do? What you don’t do is just send some information as requested.

Step 1 - Diagnose

You pick up the telephone, call the person, and ideally arrange a meeting to ask more questions. Questions such as:

• what are you trying to achieve? what are your objectives?

• what are the issues you are currently facing?

• what have you tried before?

• what has led you to thinking this might be your solution?

• what are your constraints?

• what is your timeframe?

• what is your budget?

Step 2 - Plan

Look for areas where you can add value. Can you position a better product, a better way or a better price construct to give an outcome superior to the one they are thinking of? Aim to be as helpful as possible. Even if you just give advice and don’t win the work, they’ll think of you again.

If possible, give your prospect two or three options that fall within different budgets. You never know what funding they may have available to them, and you’re leaving money on the table if you give them one choice to either accept or reject. When provided with a good, better, best structure, most people tend to fall in the middle.

Step 3: - Socialise

Then it is a good idea to socialise your proposed solution with the person. Get their input, buy-in and feedback on the various options and let them select the one that works best for them.

Step 4: - Write

Lastly, put the information into writing, in a proposal.

Step 5: - Deliver

If you can, deliver a draft proposal in a face-to-face meeting and walk them through what you are thinking. Again, get their input, buy-in and feedback.

Step 6: - Close

Then send them a final proposal, with all your agreed points. If you make any changes from what was agreed, go back to them and let them know.

I hope this helps.

The Anti-Trust Department also monitors cartels within the United States. As long as they don't control more than 40 percent of the market, then the Anti-Trust Department will leave them alone.

a. Investigating cartels is a responsibility of the Federal Reserve Bank.
b. This is a true statement.
c. This statement is false.
d. The US. Anti-Trust Department does not investigate cartels in America

Answers

Answer:

c. This statement is false.

Explanation:

Anti-Trust Department is the department in the united states that could enforced the anti-trusted law. They have the right to investigate onto the collusion, this could harm the competition that could lead the welfare loss

Since large share could be considered so it should be controlled and investigated

Therefore the given statement is false

Operating Leverage
Haywood Co. reports the following data:
Sales $6,160,000
Variable costs (4,620,000)
Contribution margin $1,540,000
Fixed costs (440,000)
Operating income $1,100,000
Determine Haywood Co.’s operating leverage. Round your answer to one decimal place.

Answers

Answer:

Degree of operating leverage= 1.4

Explanation:

Giving the following information:

Sales $6,160,000

Variable costs (4,620,000)

Contribution margin $1,540,000

Fixed costs (440,000)

Operating income $1,100,000

To calculate the degree of operating leverage, we need to use the following formula:

degree of operating leverage= Total contribution margin / operating income

degree of operating leverage= 1,540,000 / 1,100,000

degree of operating leverage= 1.4

Financial information for Forever 18 includes the following selected data: ($ in millions except share data) 2021 2020 Net income $ 160 $ 171 Dividends on preferred stock $ 22 $ 17 Average shares outstanding (in millions) 250 300 Stock price $ 11.92 $ 10.87 Required: 1-a. Calculate earnings per share in 2020 and 2021.

Answers

Answer:

Earnings per share = (Net income - Preferred dividends) / Number of shares outstanding

2020:

= (171 - 17) / 300

= $0.51 per share

2021:

= (160 - 22) / 250

= $0.55 per share

A buyer of $7,000 in merchandise inventory failed to take advantage of the vendor's credit terms of 2/15, n/45, and instead paid the invoice in full at the end of 45 days. By not taking advantage of the cash discount, the buyer lost the discount of:_________
a. 100
b. 77
c. 1155
d. 770
e. 231

Answers

Cash discount refers to an incentive that a seller offers toward a buyer in order to pay a bill before its time limit.In this, the seller will normally decrease the amount that the customer owes by either a modest percentage or a fixed monetary amount, and the further explanation can be defined as follows:

Given:

The credit terms are: [tex]\bold{\frac{2}{15} \ \ \frac{n}{45}}[/tex]When the [tex]2\%[/tex] discount with [tex]\bold{45\ days}[/tex] to paySo, the  price of the merchandise is: [tex]\bold{ 7000}[/tex]

Calculating the cash discount:

[tex]= \bold{7000 \times 2\%}\\\\= \bold{7000 \times \frac{2}{100}}\\\\= \bold{70\times 2}\\\\= \bold{\$140}[/tex]

Therefore the answer is "140", and all the given choices are wrong.

Learn more:

cash discount: brainly.com/question/4503765

Required information
A bank reconciliation proves the accuracy of the depositor's and the bank's records. The bank statement balance is adjusted for items such as outstanding checks and unrecorded deposits made on or before the bank statement date but not reflected on the statement. The book balance is adjusted for items such as service charges, bank collections for the depositor, and interest earned on the account. The company's bank reconciliation at June 30 included interest earned in the amount of $150. Complete the necessary journal entry .

Answers

Answer:

Date                      Account Title                                      Debit            Credit

June 30                Cash                                                    $150

                             Interest revenue                                                      $150

Explanation:

Interest earned is considered to be revenue so it will be credited to the interest revenue account.

Cash will be debited because the interest revenue increased it and assets are debited when they increase.

For Oriole Company, sales is $1500000, fixed expenses are $330000, and the contribution margin per unit is $60. What is the break-even point?

Answers

Answer:

5500

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero.

Breakeven is the ratio of fixed cost to profit per unit of output sold.

Breakeven quantity = fixed cost / price – variable cost per unit

= fixed price / contribution margin per unit

Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments  

Variable costs are costs that vary with production

If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.  

$330,000 / $60 = 5500

Assume a firm generates $2,500 in sales, has a $800 increase in accounts receivable and has a $500 increase in accounts payable during an accounting period. Based solely on this information, cash flow from operations will increase by:

Answers

Answer:

Cash flow from operations will increase by $2,200.

Explanation:

The amount of increase in cash flow from operations can be calculated as follows:

Increase in cash flow from operations = Sales - Increase in accounts receivable + Increase in accounts payable …………… (1)

Sales = $2,500

Increase in accounts receivable = $800

Increase in accounts payable = $500

Substituting the values into equation (1), we have:

Increase in cash flow from operations = $2,500 - $800 + $500 = $2,200

Therefore, cash flow from operations will increase by $2,200.

The Lumber Division of Paul Bunyon Homes Inc. produces and sells lumber that can be sold to outside customers or within the company to the Construction Division. The following data have been gathered for the coming period:
Lumber Division:
Capacity200,000 board feet
Price per board foot$2.50
Variable production cost per bd. ft.$1.25
Variable selling cost per bd. ft.$0.50
Construction Division:
Board feet needed60,000
Outside price paid per bd. ft.$2.00
If the Lumber Division sells to the Construction Division, $0.35 per board foot can be saved in shipping costs.
If current outside sales are 130,000 board feet, what is the minimum transfer price that the Lumber Division could accept?
a. $1.25
b. $1.40
c. $1.75
d. $2.50

Answers

Answer:

b. $1.40

Explanation:

The computation of the minimum transfer price that the Lumber Division could accept is shown below:

= Variable production cost per bd. ft. + Variable selling cost per bd. ft.

= $1.25 + $0.50

= $1.40

Hence, the minimum transfer price that the Lumber Division could accept is $1.40

Therefore the option b is correct

The minimum transfer price that the Lumber Division could accept is $1.40.

What is transfer price?

Transfer pricing is the method in which the product is sold out bey one subsidiary to another but within the company.

This method is used when the subsidiaries of a parent company are measured as separate earnings essences.

The computation of the minimum transfer price:

The minimum transfer price is found out by apply the formula:

[tex]\text{Minimum Transfer Price}= \text{Variable Production Cost per bd. ft.}-\text{Variable Selling Cost per bd. }[/tex]

According to the given case,

Variable production cost per bd. ft. = $1.25,

Variable selling cost per bd. ft. = $0.50.

Now apply the values in the above formula, we get:

[tex]\text{Minimum Transfer Price}= \text{Variable Production Cost per bd. ft.}-\text{Variable Selling Cost per bd. }\\\\\text{Minimum Transfer Price}= \$1.25 + \$0.50\\\\\text{Minimum Transfer Price}=\$1.40[/tex]

Therefore, the minimum transfer price that the Lumber Division to accept is $1.40. So, option D is correct.

Learn more about the transfer price, refer to:

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a. Billed customers for fees earned, $112,700.
b. Purchased supplies on account, $4,500.
c. Received cash from customers on account, $88,220.
d. Paid creditors on account, $3,100.
e. On October 12, fees earned on account were $14,600.

Required:
Journalize this transaction.

Answers

Answer:

C.

Explanation:

In general, a project's free cash flows will fall in one of the following three categories: initial outlay, annual free cash flows over the project's life, and the terminal free cash flow.
a) true
b) false

Answers

Answer:

a true espero te sirva ;))))))))

Fender Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 10% of total sales each month. Historically, sales on account have been collected as follows: 50% in the month of the sale, 35% in the month after the sale, and the remaining 15% two months after the sale. Sales for the quarter are projected as follows:

January: $60,000
February: $30,000:
March: $90,000.

Accounts receivable on December 31 were $45,000. The expected cash collections of Fender Manufacturing Company for March are:_________

Answers

Answer:

Fender Manufacturing Company

The expected cash collections of Fender Manufacturing Company for March is:

= $58,050

Explanation:

a) Data and Calculations:

Cash sales = 10% of total sales

Credit sales = 90% (100% - 10%)

Cash collections from credit sales:

Month of the sale (50%)

Month after the sale (35%)

Two months after (15%)

Accounts receivable on December 31 = $45,000

                                             January     February        March

Projected sales                   $60,000     $30,000     $90,000

Cash sales                            $6,000        $3,000       $9,000

Credit sales                        $54,000      $27,000      $81,000

Cash collections from credit sales:

Month of the sale (50%)   $27,000       $13,500     $40,500

Month after the sale (35%) 31,500          18,900         9,450

Two months after (15%)                           13,500          8,100

Cash collections from credit sales                         $58,050

The expected cash collections of Fender Manufacturing Company for March =

Cash collections from credit sales     $58,050

Cash sales                                               9,000

Total cash receipts for the month     $67,050

plan content of paragraph in outline form​

Answers

huh? more details needed

Which measure of central tendency and dispersion can syafig calculate

Answers

Answer:

nominal variables

Explanation:

Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube Company is a service company that offers oil changes and lubrication for automobiles and light trucks. On average, Guillermo has found that a typical oil change takes 24 minutes and 6.2 quarts of oil are used. In June, Guillermo's Oil and Lube had 980 oil changes. Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June:

Actual number of oil changes performed: 980
Actual number of quarts of oil used: 6,020 quarts
Actual price paid per quart of oil: $5.10
Standard price per quart of oil: $5.05

Required:
a. Calculate the direct materials price variance (MPV) and the direct materials usage variance (MUV) for June using the formula approach.
b. Calculate the total direct materials variance for oil for June.

Answers

Answer:

Results are below.

Explanation:

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (5.05 - 5.1)*6,020

Direct material price variance= $301 unfavorable

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (6,076 - 6,020)*5.05

Direct material quantity variance= $282.8 favorable

Standard quantity= 980*6.2= 6,076

Finally, the total direct material variance:

Total direct material variance= Direct material quantity variance - Direct material price variance

Total direct material variance= 282.8 - 301

Total direct material variance= $18.2 unfavorable

Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monopoly.
Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply.
Attributes Competitive Market Monopolistically Competitive Market
Few sellers
Free entry
Price is equal to marginal cost
Price equals average total cost in the long run

Answers

Answer:

The answer is below

Explanation:

Considering the available options, here are the attributes that characterize a competitive market, and a monopolistically competitive market.

A competitive market is characterized by Identical products and Price = MR, while Monopolistic competition is characterized by product differentiation and few sellers.

Hence, it can be written as:

Competitive markets

Product differentiation. No

Identical products Yes

Price=MR Yes

Few sellers No

Monopolistic competition

Product differentiation. Yes

Identical products No

Price=MR No

Few sellers Yes

There are hundreds if not thousands of wineries. Each winery tries to emphasize how their product is superior to others, though they are all close substitutes. Barriers to entry are low in this industry, and profits for new entrants are small. Which industrial model best fits the wine market

Answers

Answer: Monopolistic competition

Explanation:

Based on the information given in the question, the industrial model that best fits the wine market is a monopolistic competition.

Monopolistic competition refers to a form of imperfect competition whereby there are many producers that are competing against each other. They sell differentiated products, therefore the products are not perfect substitutes

In a monopolistic competition, the barriers to entry are low in this industry, and profits for new entrants are small. The firms in the industry possess some market power and therefore can charge a price that's higher price than a competitor. It should also be noted that a zero economic profit is earned in the long run.

Use the following information for the year ended December 31, 2022.

Supplies $1,500
Service revenue $19,000
Other operating expenses 10,000
Cash 15,000
Accounts payable 11,000
Dividends 6,000
Accounts receivable 4,000
Notes payable 1,000
Common stock 10,000
Equipment 9,500
Retained earnings (beginning) 5,000

Calculate the following:
a. Net income / (net loss)
b. Ending retained earnings
c. Total assets

Answers

Answer:

a. $9,000

b. $8,000

c. $30,000

Explanation:

a. Calculation to determine the Net income / (net loss)

Using this formula

Net Income = Revenues - Operating Expenses

Let plug in the morning

Net Income = $19,000 - $10,000

Net Income = $9,000

Therefore the Net income is $9,000

b. Calculation to determine Ending Retained Earnings

Using this formula

Ending Retained Earnings = Retained Earnings at the beginning + Net Income - Dividends paid

Let plug in the morning

Ending Retained Earnings = $5,000 + $9,000 - $6,000

Ending Retained Earnings = $8,000

Therefore Ending Retained Earnings $8,000

c. Calculation to determine the Total Assets

Using this formula

Total Assets = Supplies + Accounts receivables + cash + Equipments

Let plug in the formula

Total Assets = $1,500 + $4,000 + $15,000 + $9,500

Total Assets = $30,000

Therefore Total assets is $30,000

A corporation issues for cash $1,000,000 of 8%, 20-year bonds, interest payable annually, at a time when the market rate of interest is 10%. The straight-line method is adopted for the amortization of bond discount or premium. Which of the following statements is true?
a. The amount of the annual interest expense is computed at 8% of the bond carrying amount at the beginning of the year.
b. The amount of the annual interest expense gradually decreases over the life of the bonds.
c. The amount of unamortized discount decreases from its balance at issuance date to a zero balance at maturity.
d. The amount of unamortized premium decreases from its balance at issuance date to a zero balance at maturity.

Answers

Answer:

d.The unamortized discount decreases from its balance at issuance date to a zero balance at maturity

Explanation:

The amount of annual interest is the carrying amount at the beginning of each year multiplied by the market rate of interest of 10%(not the discount rate of 8%)

Also, a bond whose market interest rate is higher than the  coupon rate would be  issued at a discount(not at a premium, let alone having an unamortized premium)

Model of media richness

Answers

Answer:

Media richness theory states that all communication media vary in their ability to enable users to communicate and to change understanding. ... A primary driver in selecting a communication medium for a particular message is to reduce the equivocality, or possible misinterpretations, of a message.

Answer:

The term "media wealth" was described in 1986 by Richard Daft and Robert Lengel for the first time in the context of the media wealth theory. Media wealth describes the learning density that can be transmitted by a specific communication medium.

Explanation:

Before the growth of electronic communication media, MRT was developed to help managers decide which medium was best suited to communicate a message in business situations.

Rich media, such as conversations and phone calls, were best considered to be not-routine messages, while lean media were considered acceptable to routine messages like unaddressed memoranda.

The media wealth has been extended in the past two decades to cover the strengths and weaknesses of new media – from email to websites, video lectures, voice men, and immediate messages.

In media-rich contexts, humans evolved. Facial communication was the only way to communicate for hundreds of thousands of years living in stable, close-knit social groups. The concept of media choice did not exist until about 5,000 years ago, because it was not one-to-one or nothing apart from smoke signals.

Suppose the government offers a subsidy to laptop sellers. Say whether each group of people gains or loses from this policy.
a. Laptop buyers:
b. Laptop sellers:
c. Desktop computer sellers (assuming that they are different from laptop manufacturers):
d. Desktop computer buyers (assume laptops are a substitute for desktops):

Answers

Answer:

a. loses

b. gains

c. loses

d. loses

Explanation:

the cost to the buyer, sellers of laptops and desktops would result in the above listed loses or gains.

If the government offers a subsidy to laptop sellers, the laptop buyer would bear the loss, and seller gains, and the desktop computer seller and buyer bear the loss also.

What is subsidy?

A subsidy, often known as a government incentive, is a type of financial assistance or support given to a particular economic sector with the goal of supporting economic and social policy.

Although most usually associated with government assistance, the phrase subsidy can refer to any sort of assistance, such as that provided by NGOs or as implicit subsidies.

In the above case, The subsidy will help the seller in producing the laptops as the seller gains more profit from the customers, as a result, buyer will bear the loss.

Subsidy will also not help the Desktop computer sellers and the buyers, as it is beneficial to the only seller of the laptop in which the laptops are the substitute of desktops.

Learn more about the subsidy, refer to:

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Kim Thorsten uses rationale to make decisions for project implementation. She believes that the right decisions can be made only through analysis and examination. Each time she needs to make a decision, she weighs all options before taking action. Which of the following is a characteristic of Thorsten's personality type according to the Myers-Briggs Type Indicator (MBTI) classification?
a. intuitive
b. thinking
c. introverted
d. perceiving
e. feeling

Answers

Answer: b. thinking

Explanation:

Kim Thorsten has the personality type known as thinking. People like her are logical when they make decisions which means that they rely less on emotion and use rationale and evidence to make decisions.

These people are pragmatists and will only make a decision that they believe is objectively the best one after considering other options. This is what Kin does and why she is under thinking.

Which of the following is not a standard organizational structure

Answers

Question Completion with Options:

i. Line Organisation

ii. Staff Organisation

iii. Functional Organisation

iv. Committee Organisation Code  

Answer:

The option that is not a standard organizational structure is:

iv. Committee Organisation Code

Explanation:

The organizational structure adopted by an entity reflects how some of its rules, roles, and responsibilities are directed between organizational levels in order to achieve its goals. The organizational structure also shows the information flows between different levels within the entity.  Traditionally, organizations maintained hierarchical, functional, divisional, matrix, and flat organizational structures.  Given current digitalization with its internet of things (IoT), more decentralized, network, and team-based organizational structures have emerged.

ing using a calculator​) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow ​$ to pay for his new car. How large will​ Jesse's monthly car loan payment be if he can get a ​-year ​( equal monthly​ payments) car loan from the​ university's credit union at an APR of percent compounded​ monthly?

Answers

Answer:

Monthly car loan payment = $414 (Approx.)

Explanation:

Missing information;

Amount borrow = $29,000

NUmber of payment = 7 year x 12 = 84

Rate = 5.3% yearly = 0.053 / 12 monthly

Find:

Monthly car loan payment

Computation:

PV = $29,000

N = 84

r = 0.053/12

FV = 0  

PV = (PMT/r)[1 – 1/(1 + r)ⁿ] + FV/(1 + r)ⁿ  

29,000 = [PMT/(0.053/12)][1 – 1/(1 + 0.053/12)^84] + 0  

PMT = 413.98

Monthly car loan payment = $414 (Approx.)

Rolando, a senior employee, has been asked to monitor the activities of some new employees and report to her if he finds them engaged in activities that are not work related. He finds them spending far too much time on social networking sites. However, instead of reporting this, he advises the new employees to refrain from using those sites in the future. Moreover, he tells Alexa that they were doing their work effectively. In this scenario, Rolando has engaged in

Answers

Answer:

Explanation:

From the question we are informed about Rolando, who is a senior employee, has been asked to monitor the activities of some new employees and report to her if he finds them engaged in activities that are not work related. He finds them spending far too much time on social networking sites. However, instead of reporting this, he advises the new employees to refrain from using those sites in the future. Moreover, he tells Alexa that they were doing their work effectively. In this scenario, Rolando has engaged in Filtering.

Filtering can be regarded as distortion as well as withholding of information so that reactions of a person or entity can be managed. It can be explained as process whereby some information is been hide to higher rank workers by

employee, whereby this is done so that

employees that committed a fault is not affected. Filtering serves as an act that middle-range workers can take to give

enough confidence to their surbodinates so that they can correct themselves which is alternative of punishing them.

Andy contracts with Susan to feed his dog while he is Europe during the month of July. Andy calls and revokes on July 1st after Susan has gone out and purchased the necessary products to perform but has not yet feed the dog once. A court will likely:

Answers

Answer: D. Enforce the contract.

Explanation:

This falls under the doctrine of Promissory estoppel. This posits that when a party to a contract has invested their money into procuring the necessary tools to fulfil their part of the contract, the other party may not cancel the contract unless they pay the former party what they would have made from the contract.

This is because the party that used their money to procure tools (Susan in this case) would not have done so if the other party (Andy) had not made a promise to them in the contract that they would fulfil their part of the bargain.

The Courts would therefore enforce the contract.

Lopez Company has a single employee, who earns a salary of $60,000 per year. That employee is paid on the 15th and last day of each month. On January 15, based, in part, on the information set forth in the accounting records, the following must be withheld from the employee's pay: FICA—Social Security Taxes (at 6.2%), FICA—Medicare Taxes (at 1.45%), Employee Federal Income Taxes (in the amount of $400), Employee State Income Taxes (in the amount of $25), and Employee Medical Insurance (in the amount of $100). (The employee‘s paycheck has not yet been prepared.) Entries to prepare the January 15 journal entry for Lopez would include:

Answers

Answer:

Debit Salaries Expense $2,500

Credit FICA—Social Security Taxes Payable $155

Credit FICA—Medicare Taxes Payable $36.25

Cedit Employee Federal Income Taxes Payable $400,

Credit Employee State Income Taxes Payable $25

Credit Employee Medical Insurance Payable r $100

Credit Salaries Payable $1,783.75

Explanation:

Preparation of the January 15 journal entry for Lopez

January 15

Debit Salaries Expense $2,500

Credit FICA—Social Security Taxes Payable $155

(6.2%*$2,500)

Credit FICA—Medicare Taxes Payable $36.25

(1.45%*$2,500)

Cedit Employee Federal Income Taxes Payable $400,

Credit Employee State Income Taxes Payable $25

Credit Employee Medical Insurance Payable r $100

Credit Salaries Payable $1,783.75

($2,500-$155-$36.25-$25-$100)

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Answers

Answer:

liability risk

Explanation:

Answer:

liability risk is right opstion

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