Universal Foods issued 10% bonds, dated January 1, with a face amount of $220 million on January 1, 2021. The bonds mature on December 31, 2040 (20 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
1. Determine the price of the bonds at January 1, 2021.
Table values are based on:
n = i = % Cash Flow Amount Present Value
Interest Principal Price of bonds 2. to 4. Prepare the journal entries to record their issuance by Universal Foods on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2028.

Answers

Answer 1

The price of the bonds issued by Universal Foods on January 1, 2021 with a face amount of $220 million.

On January 1, 2021 the price of the bonds with a face amount of $220 million and a 10% rate of interest paid semiannually is $174,504,621.80.

The journal entries to record the issuance of the bonds on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2028 are as follows:

January 1, 2021

Cash 174,504,621.80Bonds Payable 220,000,000.00Discount on Bonds Payable 45,495,378.20

June 30, 2021

Interest Expense 1,800,000.00Interest Payable 1,800,000.00

December 31, 2028

Interest Expense 14,400,000.00Interest Payable 14,400,000.00

Learn more about journal entries: brainly.com/question/28390337

#SPJ11


Related Questions

Felipe, a single taxpayer, is a technology consultant, who operates as a sole proprietorship. Felipe’s net business income is $600,000 (net of the associated for AGI self-employment tax deduction), he pays wages of $100,000 to his employees, and he has $200,000 of qualified property (unadjusted basis). Felipe’s taxable income before the deduction for qualified business income is $500,000. Assume he has no capital gains or qualified dividends.
Calculate Felipe’s deduction for qualified business income.

Answers

The deduction for qualified business income is $50,000.

How to solve

To calculate Felipe's deduction for qualified business income, we need to follow the following steps:

Step 1: Determine the amount of qualified business income

Felipe's net business income is $600,000, so that is the amount of qualified business income.

Step 2: Determine the W-2 wage limitation

Felipe paid $100,000 in wages to his employees, so that is the W-2 wage limitation.

Step 3: Determine the unadjusted basis limitation

Felipe has $200,000 of qualified property (unadjusted basis), so the unadjusted basis limitation is 2.5% of that, or $5,000.

Step 4: Calculate the deduction

The deduction for qualified business income is the lesser of:

20% of the qualified business income ($600,000 x 20% = $120,000)

The greater of:

a. 50% of the W-2 wages paid ($100,000 x 50% = $50,000)b. The sum of 25% of the W-2 wages paid ($100,000 x 25% = $25,000) plus 2.5% of the unadjusted basis of qualified property ($5,000 x 2.5% = $125)

Since $50,000 is greater than $125, the second part of the calculation is $50,000.

Therefore, the deduction for qualified business income is $50,000.

Read more about business deductions here:

https://brainly.com/question/29612313

#SPJ1

assume that registers $s0 and $s1 hold the values 0x8000000000000000 and 0xd000000000000000, respectively. what is the value of $t0 for the following assembly code? add $t0, $s0, $s1

Answers

The value of $t0 for the given assembly code is 0x5000000000000000.

This is because the instruction "add $t0, $s0, $s1" adds the values held in the registers $s0 and $s1 and stores the result in $t0. Therefore, $t0 will have a value of 0x8000000000000000 + 0xd000000000000000 = 0x5000000000000000.

In more detail, the instruction "add $t0, $s0, $s1" adds the values held in the registers $s0 and $s1 and stores the result in $t0. In this case, $s0 holds the value 0x8000000000000000 and $s1 holds the value 0xd000000000000000.

When added together, these values are equal to 0x5000000000000000. Therefore, $t0 will have a value of 0x5000000000000000. This is because the instruction "add" adds the two values together and stores the result in the target register ($t0).

To know more about assembly code click on below link:

https://brainly.com/question/30762129#

#SPJ11

Mountain High Ice Cream Company transferred $72,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances. When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates has a fair value of $6,200). Mountain High anticipates a $4,200 recourse obligation. The bank charges a 2% fee (2% of $72,000), and requires that amount to be paid at the start of the factoring arrangement. Required: Prepare the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

The journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.

Cash 64,800

Receivable from factor 4,760

loss on sale of receivables 2,440

Mountain High transferred accounts receivable to the Prudential Bank. The transfer was made with recourse. The bank remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances.

When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates have a fair value of $6,200). Mountain High anticipates a $4,200 recourse obligation. The bank charges a 2% fee (2% of $72,000) and requires that amount to be paid at the start of the factoring arrangement.

Therefore, the following journal entry will be made to record the transfer of accounts receivable from Mountain High to Prudential Bank:

Cash 64,800

Receivable form factor 4,760

Loss on sale of receivables 2,440

Accounts receivable 72,000

The entry debits cash for 90% of $72,000 = $64,800 and the loss on sale of receivables for the 2% fee of $1,440 ($72,000 x 2%).

It credits accounts receivable for the total amount of accounts receivable transferred. It also credits receivable from factor for the remaining balance of the cash that will be received from Prudential Bank.

Learn more about journal entries at https://brainly.com/question/28390337

#SPJ11

The production function shows the relationship between the A. costs of inputs and the price of the output. B. level of outputs that maximize revenue. C. quantity of the labor input needed for each unit of capital to minimize costs. D. quantity of total outputs and total costs. E. quantity of inputs and the quantity of outputs

Answers

The production function shows the relationship between the quantity of inputs (e.g. labor, capital, etc.) and the quantity of outputs.

So the correct option is E.

It can also be used to determine the optimal level of outputs that will maximize revenue, the quantity of labor input needed for each unit of capital to minimize costs, and the total costs associated with the production of the output.

In other words, it provides an understanding of the costs associated with producing a certain output.
The production function shows the relationship between the quantity of inputs and the quantity of outputs. This statement is true.

A production function is a representation of how a company transforms inputs into outputs. A production function is a mathematical model that relates the inputs that go into a manufacturing process to the maximum amount of output that can be generated from those inputs.

Inputs include raw materials, labor, energy, and capital, among other things. The idea is to identify the optimum combination of inputs to achieve the most output with the least amount of input. Every production function exhibits increasing marginal costs.

The output level, costs, and prices of a product can all be calculated using a production function. Given that the manufacturing process employs inputs that must be bought or hired, the costs of manufacturing are determined by the production function.

The manufacturing cost, in turn, determines the price at which the product must be sold in order to recoup the manufacturing cost and make a profit.

Therefore, the production function shows the relationship between the quantity of inputs (e.g. labor, capital, etc.) and the quantity of outputs.

So the correct option is E.

For more such questions on Production

https://brainly.com/question/16755022

#SPJ11

Before the case goes to the jury, each attorney presents ____ in which he or she summarizes the evidence for the jury in a manner most favorable to their case.a)a summary discussionb)hearsay evidencec)voir dire evidenced)a closing statemente)a closing argument

Answers

Before the case goes to the jury, each attorney presents a closing argument in which he or she summarizes the evidence for the jury in a manner most favorable to the case. Thus, option e is correct.

A closing argument is an oral statement made by an attorney following the presentation of evidence during a trial. The closing argument is the attorney's opportunity to explain the evidence and persuade the jury to reach a favorable verdict for their client.

During the closing argument, each side has the opportunity to summarize the evidence presented and argue why the jury should find it in their favor.

The purpose of the closing argument is to convince the jury to accept the lawyer's interpretation of the evidence and to reach a verdict in their client's favor.

The attorney typically summarizes the key points of their case, highlights evidence supporting their position, and refutes any evidence or arguments presented by the opposing counsel.

In this way, the attorney attempts to leave the jury with a lasting impression of their case and its merits. Thus, option e is correct.

Learn more about the closing argument here:

https://brainly.com/question/31220889

#SPJ11

ginormous oil entered into an agreement to purchase all of the outstanding shares of slick company for $60 per share. the number of outstanding shares at the time of the announcement was 82 million. the book value of liabilities on the balance sheet of slick co. was $1.46 billion. what was the cost of this acquisition to the shareholders of ginormous oil?

Answers

The cost of acquisition to the shareholders of Ginormous Oil was $3.46 billion. The cost of acquisition to the shareholders of Ginormous Oil is the total cost of acquisition minus the net liabilities of Slick Co.

The cost of acquisition to the shareholders of Ginormous Oil can be calculated by the following steps:

Step 1: Calculate the total cost of acquisition.

The total cost of acquisition is given by the product of the number of outstanding shares and the price per share:

Total cost of acquisition = Number of outstanding shares × Price per share

The number of outstanding shares is given as 82 million and the price per share is $60.

Thus, the total cost of acquisition is: Total cost of acquisition = 82 million × $60 = $4.92 billion

Step 2: Determine the net liabilities of Slick Co.

The net liabilities of Slick Co. can be obtained by subtracting the book value of liabilities from the book value of assets on its balance sheet. Net liabilities = Book value of assets - Book value of liabilities

The book value of liabilities is given as $1.46 billion. We do not have the book value of assets, but we do not need it since we are only interested in the net liabilities. Therefore, the net liabilities of Slick Co. are: $1.46 billion.

Step 3: Calculate the cost of acquisition to the shareholders of Ginormous Oil

The cost of acquisition to the shareholders of Ginormous Oil is the total cost of acquisition minus the net liabilities of Slick Co.

Cost of acquisition to shareholders = Total cost of acquisition - Net liabilities of Slick Co.

Cost of acquisition to shareholders = $4.92 billion - $1.46 billion= $3.46 billion

Know more about cost of acquisition here:

https://brainly.com/question/24279972

#SPJ11

In the workplace, leaders at every level and in every department are important if the company is going to succeed.

True

False

(THIS IS CAREER EXPLORATION!!!)

Answers

True

Explanation:

the best answer is True

I think the answer is True

Does the slope of the total cost curve decreases because of the principle of diminishing marginal product?

Answers

No, the slope of the total cost curve does not decrease because of the principle of diminishing marginal product.

The principle of diminishing marginal product states that as more units of a variable input, such as labor, are added to a fixed amount of capital, the marginal product of that input will eventually decrease. This means that each additional unit of labor will produce less output than the previous unit.

As a result, the total cost of production will increase at a decreasing rate, since each additional unit of output requires a greater increase in the variable input. This leads to a diminishing marginal rate of technical substitution, which means that it becomes increasingly costly to substitute one input for another as the quantity of the inputs change.

So, the slope of the total cost curve decreases due to the principle of diminishing marginal product, as the rate of increase in total cost becomes smaller with each additional unit of output.

Learn more about cost curve here:

https://brainly.com/question/4309233

#SPJ11

When there is a 20% increase in the price of sweaters, and the price elasticity of supply is 1.5, the percentage change in the quantity supplied of sweaters is ____ %

Answers

When there is a 20% increase in the price of sweaters, and the price elasticity of supply is 1.5, the percentage change in the quantity supplied of sweaters is 30%.

What is the percentage change in supply of sweaters?

According to the price elasticity of supply, when the price of a product is increased, the quantity supplied also increases. Therefore, it can be said that there is a positive relationship between price and quantity supplied.

The price elasticity of supply can be calculated by dividing the percentage change in quantity supplied by the percentage change in price.

Price elasticity of supply = (Percentage change in quantity supplied) / (Percentage change in price)

Given that the percentage increase in the price of sweaters is 20% and the price elasticity of supply is 1.5, we can calculate the percentage change in quantity supplied as follows:

1.5 = (Percentage change in quantity supplied) / 20%

1.5 × 20% = Percentage change in quantity supplied

30% = Percentage change in quantity supplied

Therefore, the percentage change in the quantity supplied of sweaters is 30%.

Learn more about Price elasticity here:

https://brainly.com/question/13565779

#SPJ11

Your local barista recommends a new Thai restaurant that just opened down the street. This exchange demonstrates the usefulness of __________ in relationships. facework empathy weak ties relational listening

Answers

When we hear a message, we frequently concentrate on what it has to say about our discussion partners and their emotions. This kind of listening is what we do when we're attempting to help someone else or keep a connection going.

What is empathy and relational listening?

Relational listening is paying attention to people without passing judgment and demonstrating your concern for their feelings and opinions. Having empathy may promote connection and trust. Empathy is striving to grasp the other person's viewpoint and putting oneself in their shoes. Relational listening is crucial for creating lasting customer relationships. It facilitates the development of a relationship with the client, conveys your concern for them, and exhibits your comprehension of their requirements. It's critical to be conscious of your own emotions and prejudices if you want relational listening to be effective.

Relational listeners are frequently outgoing, alert, and amiable. You won't be able to grasp the language if you can't hear the sound.

Learn more about empathy:

https://brainly.com/question/14669414

#SPJ1

Which of the following is true about employee stock options after they have been issued?
a. They have to be revalued every year
b. They have to be revalued every quarter
c. They have to be revalued every day like other derivatives
d. They never have to be revalued

Answers

Employee stock options, after they have been issued, are required to be revalued every year. Thus, option (a) is correct.

What are employee stock options? Employee stock options are a type of employment incentive plan that allows employees to purchase company shares at a specified price in the future. The price of the option, like any other derivative, is determined by the difference between the exercise price and the underlying stock's market price. This is a popular technique for businesses to compensate and incentivize their workers, allowing them to own a share in the company and profit from its growth.

Why should employee stock options be revalued? Employee stock options must be revalued since their worth changes over time. The market price of the underlying stock, the employee's exercise price, the term of the stock option, the stock price volatility, and the risk-free interest rate are all factors that influence the worth of employee stock options. All of these variables have an effect on the option's value, which is why they must be revalued regularly.

The stock options must be revalued regularly, usually once a year, to guarantee that their worth reflects the current market value. This is important to the company since the option price has an effect on the financial statements reporting, such as employee compensation, equity reserves, and income tax expenses.

Furthermore, since the option price has an impact on the employee's compensation, it is critical to ensure that the value is accurate and up-to-date, as this can have an impact on employee morale and retention.

Thus, option (a) is correct.

To learn more about “stock options” refer to the https://brainly.com/question/29813278

#SPJ11

can the company use the candidates’ social media websites to determine who they wish to hire?

Answers

Companies can use social media to learn more about job candidates, it's important to do so carefully, ethically, and with a critical eye toward the reliability and relevance of the information obtained.

In general, yes, companies can use social media to learn more about job candidates. However, there are some important considerations to keep in mind. Firstly, it's important to note that the use of social media in hiring decisions can be controversial and raises questions about privacy and discrimination.

Employers need to be careful to avoid making decisions based on information that could be considered discriminatory, such as race, religion, or disability status.

Secondly, it's important to consider the reliability and accuracy of information found on social media. Not everything posted online is necessarily true or reliable, and it's possible for employers to be misled or make incorrect assumptions based on what they find.

Finally, it's important to obtain candidate consent before conducting any social media research and to ensure that any information gathered is relevant to the job in question.

To learn more about job candidates

https://brainly.com/question/12199256

#SPJ4

according to the lord in doctrine and covenants 101, why were the saints forced to leave jackson county, missouri?

Answers

According to Doctrine and Covenants 101, the saints were forced to leave Jackson County, Missouri, because of persecution and violence from their non-Mormon neighbors. The revelation, which was received by Joseph Smith in 1833, describes how the saints were driven from their homes and lands and forced to flee to neighboring counties.

The specific reasons for the persecution and violence are described in the revelation as follows:

The non-Mormon settlers resented the growing numbers of Mormon immigrants in Jackson County, which they saw as a threat to their political and economic power.

The Mormons were accused of being abolitionists and of seeking to incite slave insurrections, which led to tensions with pro-slavery factions in the area.

The Mormons' religious beliefs and practices were viewed as strange and heretical by their non-Mormon neighbors, which fueled hostility and distrust.

Despite efforts to negotiate with their neighbors and appeal to local authorities for protection, the saints were ultimately forced to leave Jackson County and establish a new settlement in Clay County, Missouri. The events in Jackson County became a defining moment in early Mormon history and contributed to a legacy of persecution and exile that continued throughout the 19th century.

Learn more about missouri here brainly.com/question/14020956

#SPJ4

1. rayah reminds herself that when receiving negative feedback, she has a propensity to blame others for her mistakes. (click to select) 2. rainer decides to hide his anger after receiving negative feedback from his superior and he stops listening to the feedback. (click to select) 3. edie focuses on what she might be able to learn from her boss during her performance review. (click to select) 4. francis schedules a meeting with her boss to ask if he would list one thing that he thinks she could do a better job with on her current project. (click to select)

Answers

Edie concentrates on what she might pick up from her boss during the course of her performance assessment.

How do you feel after hearing something unfavorable?

It can be unpleasant and difficult to hear negative remarks. Even the best among us frequently experience gloom and melancholy after hearing unfavorable remarks. After receiving bad comments, we frequently lack logical thought. We frequently attempt to save our faces instead.

How do you feel after hearing something unfavorable?

It can be unpleasant and difficult to hear negative remarks. Even the best among us frequently experience gloom and melancholy after hearing unfavorable remarks. After receiving bad comments, we frequently lack logical thought. We frequently attempt to save our faces instead.

To know more about assessment visit:-

https://brainly.com/question/30511396

#SPJ1

you sold short 200 shares of common stock at $60 per share. the initial margin is 60%. your initial investment was group of answer choices $7,200. $4,800. $5,600. $12,000.

Answers

If the initial margin is 60%, your initial investment was $20,000.

To calculate the initial investment for selling short 200 shares of common stock at $60 per share with an initial margin of 60%, we can use the following formula:

Initial Investment = Number of Shares x Initial Price / Initial Margin

Substituting the values, we get:

Initial Investment = 200 x $60 / 0.6

Initial Investment = $20,000

Since the initial investment for short selling is the amount that needs to be deposited with the broker, the initial investment in this case was $20,000. Therefore, the correct answer is $20,000.

Learn more about common stock here:

https://brainly.com/question/29634344

#SPJ11

Pawprints Paint recently went public in a best efforts offering. The company offered 85,000 shares of stock for sale at an offer price of $41 per share. The administrative costs associated with the offering were $325,000 and the underwriter's spread was 8 percent. After completing their sales efforts. The underwriters determined that they sold a total of 81,200 shares. What were the net proceeds to the company?

Multiple Choice

A. $2,737,864

B. $2,556,200

C. $3,062,864

D. $2. 412,864

E. $2,881,200

Answers

The net proceeds to the company are $2,556,200 for a total of 81,200 shares. Thus, option B is correct.

The given data is as follows;

shares of stock =  85,000

offer price =  $41 per share.

underwriter's spread = $325,000

percentage = 8%

Total shares sold = 81,200

Total offering cost = 85,000 shares x $41 per share

Total offering cost = $3,485,000

Underwriter's spread cost = 8% x $3,485,000 = $278,800

The Gross proceeds to the organization = $3,485,000 - $278,800 = $3,206,200

Administrative prices = $325,000

The Total expenses = $325,000 + $278,800

The Total expenses= $603,800

Net proceeds to the company = $3,206,200 - $603,800

Net proceeds to the company= $2,556,200

Therefore we can conclude that the net proceeds to the company are $2,556,200.

To learn more about net proceeds

https://brainly.com/question/16259338

#SPJ4

when a buyer conducts research that examines whether making a cake from scratch versus ordering it frozen and pre-sliced, they are conducting a:

Answers

When a buyer conducts research that examines whether making a cake from scratch versus ordering it frozen and pre-sliced, they are conducting a make or buy analysis.

What is make or buy analysis?

Making the decision to manufacture a product internally versus buying it from a third party provider is known as a make-or-buy decision. 

A make-or-buy decision, also known as an outsourcing decision, contrasts the costs and benefits of creating a required good or service in-house with those of using an outside supplier for the relevant resources. 

A corporation should take into account all costs associated with the procurement and storage of the goods in comparison to producing the goods internally, which can include the buying of fresh equipment, in order to evaluate costs accurately.

Learn more about make or buy analysis here:

brainly.com/question/15304126

#SPJ11

Provide the term for the following statement business do not maximise output from the given inputs​

Answers

Decreasing revenue is the term for the following statement business do not maximize output from the given inputs​.

If firms cannot maximize output from given inputs, they are unable to maximize returns from given inputs and thus returns decrease.

Therefore, the term decreasing revenue is the term used when a firm fails to maximize its output from given inputs.

Firms that do not maximize output from given inputs are likely to be inefficient and have economies of scale, which occur when output increases proportionally more than the input invested. Economies of scale are the opposite.

This situation arises from an economic law called the law of diminishing returns. According to this law of economics, there is a point in the production process at which additional units of input do not yield a proportional return. d Output increases proportionally to input.

To learn more about business, here:

https://brainly.com/question/15826771

#SPJ4

The cost of capital for two mutually exclusive projects that are being considered is 8%. Project K has an IRR of 20% while Project R's IRR is 15%. The projects have the same NPV at the 8% current cost of capital. However, you believe that money costs and thus your cost of capital will also increase. You also think that the projects will not be funded until the cost of capital has increased, and their cash flows will not be affected by the change in economic conditions. Under these conditions, which of the following statements is CORRECT?
a. You should recommend Project R, because at the new cost of capital it will have the higher NPV. b. You should delay a decision until you have more information on the projects, even if this means that a competitor might come in and capture this market. c. You should reject both projects because they will both have negative NPVs under the new conditions. d. You should recommend Project K because it has the higher IRR and will continue to have the higher IRR even at the new cost of capital. e. You should recommend Project K, because at the new cost of capital it will have the higher NPV.

Answers

The statements correct is option E. You should recommend Project K, because at the new cost of capital it will have the higher NPV.

This is due to the fact that both projects have the same NPV at the 8% current cost of capital, but Project K has a higher IRR of 20% than Project R's IRR of 15%. This means that the higher rate of return from Project K will result in a higher NPV when the cost of capital increases, making it the better choice for investment.

Investment is an activity of placing funds in one or more types of assets for a certain period, with the aim of earning income or increasing value. What is an investment and its purpose? Investment is an activity of placing funds in one or several types of assets for a certain period, with the aim of obtaining future returns.

Learn more about investment: https://brainly.com/question/27717275

#SPJ11

Businesses vary as to the amount of security they require or can afford for their computer files. Firewalls are a type of software that protects computer files from unauthorized entry. A company that had developed a complete line of firewalls, from a no-frills version to a version that uses retinal scans for admittance, would most likely need to rely most heavily on which promotional element?

Answers

Businesses that have developed a complete line of firewalls, from no-frills versions to versions that use retinal scans, would need to rely heavily on promotional elements to spread awareness and drive sales.

One of the most important promotional elements to use is advertising, which can be done in a variety of forms, such as television commercials, print ads, digital ads, and even word of mouth. Advertising is an effective way to get the word out about a product, and with the range of firewalls available, businesses can target different audiences with different types of advertising. In addition to advertising, businesses should also focus on public relations and marketing, which involve creating a positive image of the company and its products, as well as creating a demand for the product. Public relations and marketing can involve press releases, campaigns, and events to create awareness about the firewalls and their features. Lastly, businesses should also focus on sales and customer service, as this will ensure that customers are satisfied and have the tools to properly install and use the firewall.

For more such questions on sales

https://brainly.com/question/25743891

#SPJ11

enter the missing dollar amounts for the income statement for each of the following independent cases:
Cases Sales Revenue Beginning Inventory Purchases Total Available Ending Inventory Cost of Goods Sold Gross Profit Expenses Pretax Income (Loss)
A $650 $100 $700 $500 $200 B 1,100 200 900 150 150
C 150 300 200 400 100 D 800 550 300 200 200
E 1,000 900 1,100 500 (50)
Income Statement:
The income statement is one of the four basic types of financial statements. It specifically measures a company's financial performance for a given period of time. The income statement reports the company's sales and costs and by subtracting the latter from the former arrives at the net income for the period. As the net income is the company's profit this statement can also be referred to as the profit and loss statement.

Answers

From of income statement it can be concluded that, case a) Income Before Tax (Loss): $300, case b) Income Before Tax (Loss): $100, case c) and e) Income Before Tax (Loss): $0, and case d) Before Income Tax (Loss): $450.

An income statement shows a company's revenues and expenses, subtracting the latter from the former gives the profit for the period 

For the income statement for each of the following independent cases:
Case A:
Sales Revenue: $650
Beginning Inventory: $100
Purchases: $700
Total Available: $500
Ending Inventory: $200
Cost of Goods Sold: $300
Gross Profit: $350
Expenses: $50
Pretax Income (Loss): $300

Case B:
Sales Revenue: $1,100
Beginning Inventory: $200
Purchases: $900
Total Available: $1,100
Ending Inventory: $150
Cost of Goods Sold: $950
Gross Profit: $150
Expenses: $50
Pretax Income (Loss): $100

Case C:
Sales Revenue: $150
Beginning Inventory: $300
Purchases: $200
Total Available: $400
Ending Inventory: $100
Cost of Goods Sold: $300
Gross Profit: $50
Expenses: $50
Pretax Income (Loss): $0

Case D:
Sales Revenue: $800
Beginning Inventory: $550
Purchases: $300
Total Available: $500
Ending Inventory: $200
Cost of Goods Sold: $300
Gross Profit: $500
Expenses: $50
Pretax Income (Loss): $450

Case E:
Sales Revenue: $1,000
Beginning Inventory: $900
Purchases: $1,100
Total Available: $1,000
Ending Inventory: $50
Cost of Goods Sold: $950
Gross Profit: $50
Expenses: $50
Pretax Income (Loss): $0

Learn more about income statement: brainly.com/question/15169974

#SPJ11

big fish presentations, the company profiled in the opening feature of chapter 13, prepares presentations that help clients present themselves in new and innovative ways. in regard to growth, big fish presentations has opted to

Answers

"Big Fish Presentations, the company profiled in the opening feature of Chapter 13, prepares presentations that help clients present themselves in new and innovative ways. In regard to growth, Big Fish Presentations has opted to pursue a conservative and patient approach to growth based primarily on expanding their product lines."

Big Fish Presentations is a company that specializes in creating innovative and unique presentations for its clients. The company's growth strategy is focused on building strategic alliances and joint ventures that allow them to expand their reach and increase their client base.

By partnering with other companies and organizations, Big Fish Presentations can leverage their expertise and resources to create new and innovative products and services. This approach allows the company to grow steadily over time while minimizing risk and maintaining a focus on quality and innovation.

Big Fish Presentations' conservative and patient approach to growth, based on strategic alliances and joint ventures, allows the company to expand its reach and increase its client base while minimizing risk and maintaining its focus on quality and innovation. This approach has proven successful for the company, allowing it to grow steadily over time and establish itself as a leader in the presentation industry.

This question should be provided as:

Big Fish Presentations, the company profiled in the opening feature of Chapter 13, prepares presentations that help clients present themselves in new and innovative ways. In regard to growth, Big Fish Presentations has opted to ________.

A) pursue a conservative and patient approach to growth based primarily on international expansionB) pursue a liberal and aggressive approach to growth based primarily on mergers and acquisitionsC) pursue a conservative and patient approach to growth based primarily on strategic alliances and joint venturesD) pursue a liberal and aggressive approach to growth based primarily on expanding their product linesE) pursue a conservative and patient approach to growth based primarily on expanding their product lines

Option C is correct.

Learn more about planning a presentation https://brainly.com/question/29481157

#SPJ11

The ____________ is the oldest and most basic form of organization, and it is the type of organization most often represented in corporation shareholder reports and organizational reports.
--Project management office
--Functional organization
--Matrix organization
--Projectized organization

Answers

In the following question, option 2) The "functional organization" is the oldest and most basic form of organization, and it is the type of organization most often represented in corporation shareholder reports and organizational reports.

This is the correct option. What is a functional organization? A functional organization is one of the oldest and most basic forms of organizational structure. It's a form of organization that includes employees who have been assigned a particular position, and those employees are all working together to achieve a shared goal. The organization's hierarchy is based on job speciality, with each speciality or department representing the different functions of the company. For instance, human resources, production, research and development, and finance are common departments in functional organizations. This form of organization is mostly found in large-scale organizations that are constantly producing goods and services to meet consumer demand.

Conclusion: Thus, the correct option is functional organization.

For more such questions on functional organization

https://brainly.com/question/14700402

#SPJ11

refer to the following table, which shows current levels of pollution for four different paper manufacturers and the costs of reducing that pollution by one ton. firm current level of pollution marginal cost of pollution reduction a-to-z paper 100 tons $10/ton bubba's paper 120 tons $12/ton crown paper 50 tons $18/ton dwyer's paper 80 tons $25/ton suppose the government issues tradable pollution permits, each giving the holder the right to emit one ton of pollution. what is the maximum price that a-to-z paper is willing to pay for one of these permits?

Answers

The maximum price that A-to-Z paper is willing to pay for one Tradable Pollution Permit is $10.

A Tradable Pollution Permit (TPP) is a type of legal permission given to a firm, allowing them to emit a certain amount of emissions. Tradable pollution permits are authorizations that are granted to companies by the government that allow them to discharge pollutants into the environment up to a certain limit. The quantity of the permit represents a specific amount of emissions, and the permit holder has the freedom to use it or sell it to another firm.

A government agency or regulatory body is responsible for setting the quantity of these permits that are issued for a given period to limit pollution levels while still ensuring the economy's growth. The advantages of using Tradable Pollution Permits include greater flexibility, allowing businesses to make adjustments, and providing financial incentives for companies to reduce their pollution levels.

The Marginal Cost of Pollution Reduction (MCPR) is the expense associated with reducing emissions by one unit. It is the price a company must pay to decrease its pollution levels by one unit. The MCPR for a given firm is determined by the production process, market prices, and other variables.

The maximum amount that A-to-Z paper would pay for one of the permits is determined by calculating the marginal cost of pollution reduction of the company:

Marginal Cost of Pollution Reduction = Total Cost of Pollution Reduction ÷ Change in Pollution

Marginal Cost of Pollution Reduction of A-to-Z Paper = $1000 ÷ 100 tons = $10/ton

Therefore, A-to-Z paper is willing to pay up to $10 for one of the permits.

Learn more about Tradable Pollution Permit:

https://brainly.com/question/30136574

#SPJ11

4) The Dallas, Phoenix, and Tulsa reported income of $140,000 from their partnership for the year ended December 31, 2019. Profits and losses are to be distributed as follows:Dallas Phoenix Tulsa Salaries $35,000 $25,000 $20,000 Bonus 15% -- -- Profit and Loss sharing 60% 30% 10%How should partnership net income for 2019 be allocated to Dallas, Phoenix, and Tulsa?Dallas, Phoenix, Tulsa A) $79,000 $36,700 $24,300 B) $79,400 $36,700 $23,900 C) $55,200 $57,000 $27,800 D) $45,200 $40,000 $44,800

Answers

The correct answer is A) $79,000 $36,700 $24,300. Net income for 2019 should be allocated to Dallas, Phoenix, and Tulsa based on the specified percentages in the question.

Dallas should receive 60% of the profits and losses, Phoenix should receive 30%, and Tulsa should receive 10%.

To calculate the total amount to be allocated, multiply the net income of $140,000 by the specified percentages: 60% for Dallas is $84,000, 30% for Phoenix is $42,000, and 10% for Tulsa is $14,000.

To account for the salaries and bonuses, subtract the salary amount from the total allocated:

$35,000 from Dallas leaves $49,000, $25,000 from Phoenix leaves $17,000, and $20,000 from Tulsa leaves $0.

To calculate the bonus, multiply the percentage by the salary amount and subtract it from the total allocated:

15% of the Dallas salary is $5,250, so the total allocated is $79,000 ($84,000 - $5,250).

No bonus is given for Phoenix or Tulsa, so the total allocated for Phoenix is $36,700 ($42,000 - $5,250), and for Tulsa is $24,300 ($14,000 - $0).

Learn more about net income here:

https://brainly.com/question/28390284

#SPJ11

The government wants to reduce electricity consumption by 10%. The price elasticity of demand for electricity is -5. The government must set the price of electricity atA) raise; 2.0%B) raise; 0.5%C) raise; 1.25%D) lower; 0.5%.

Answers

If the government wants to reduce electricity consumption by 10%, the government must set the price of electricity at 2% raise. (option A)

Given that the price elasticity of demand for electricity is -5, we can use the formula:

% change in quantity demanded = % change in price x price elasticity of demand

Since the government wants to reduce electricity consumption by 10%, we know that the % change in quantity demanded is -10%. We can plug in this value, along with the price elasticity of demand (-5), and solve for the % change in price:

-10% = % change in price x (-5)

% change in price = -10% / (-5)

% change in price = 2%

Since the government wants to reduce electricity consumption, they need to raise the price, which means that the % change in price is positive. Therefore, the government must set the price of electricity at a 2% increase.

Learn more about price elasticity here:

https://brainly.com/question/28542761

#SPJ11

In which of the following groups of trade blocs does most of today's world trade take place?
A) Middle East, China, and India
B) North America, Africa, and Canada
C) Western Europe, Asia, and the Americas
D) Saudi Arabia, Western Europe, and the Gulf

Answers

Most of today's world trade takes place in the group of trade blocs comprised of Western Europe, Asia, and the Americas. This is because of the combined economic power of these three regions and their well-established trade connections.

What are Trading blocs?


Trading blocs are groups of countries that participate in trade agreements to promote economic cooperation and reduce trade barriers. The trade blocs that contribute the most to world trade are the North American Free Trade Agreement (NAFTA), the European Union (EU), and the Association of Southeast Asian Nations (ASEAN). These blocs account for a significant portion of global trade.

A trade bloc is a type of intergovernmental agreement that encourages trade between its members. Trade agreements can benefit countries by allowing them to exchange goods and services, leading to economic growth and job creation. Trade blocs are often created by regional organizations, but can also be established through bilateral agreements.

So. the answer is C

learn more about Trading blocs here:

https://brainly.com/question/528876

#SPJ11

1) A successful firm like Microsoft has consistently generated large profits for years. Is this a violation of the Efficient Market Hypothesis (EMH)? 2) Behavioral finance posits that market prices may deviate from fundamental values because of investor psychology and that mispricing can persist if rational arbitrageurs face substantial limits to arbitrage. In our class lecture on behavioral finance, we discussed three "limits to arbitrage". Choose 2 of the 3 limits to arbitrage that we discussed and explain them.

Answers

1. The Efficient Market Hypothesis (EMH) is a theory that suggests that all available information is reflected in the current market price of an asset or security.

This means that it is impossible to consistently generate large profits by trading on this information. Therefore, a successful firm like Microsoft generating large profits for years does not violate the EMH.2. The three limits to arbitrage discussed in class include:1. Fundamental risk - This refers to the risk that a security's value may deviate from its fundamental value for an extended period of time.

This can occur due to a variety of factors such as investor psychology, changes in market conditions, or changes in the broader economy.

Learn more about Microsoft here:https://brainly.com/question/1423849

#SPJ11

Flextime is a system that allows employees some freedom to choose which hours to work as long as they:- work schedule that gives employees some freedom- work the required number of hours
- complete their assigned tasks

Answers

Flextime is a work schedule that gives employees some freedom to choose which hours to work as long as they work the required number of hours and complete their assigned tasks.

This means that employees can adjust their work hours to fit their personal schedules and still accomplish their job responsibilities.

This type of flexibility can lead to improved work-life balance and increased job satisfaction for employees. Flextime is a great solution for businesses that want to provide their employees with a better work-life balance.

Many people struggle to balance their personal lives with their work obligations. By offering a more flexible work schedule, businesses can improve employee satisfaction and productivity.

It can also help businesses retain talented employees who might otherwise leave due to work-life balance issues. Flextime can also be beneficial for businesses that have employees who are working remotely.

This is because remote workers may have other obligations, such as family or caregiving responsibilities, that require them to be flexible with their schedules. By offering flextime, businesses can help remote workers maintain a healthy work-life balance while still being productive and engaged with their work.

Learn more about flextime https://brainly.com/question/29803821

#SPJ11

Answer:

complete their assigned task

work the required number of hours

Explanation:

A project has an initial cost of $44,000. Expected cash flows as a result of this project are projected as indicated below. Calculate the payback period for this project. Assume a discount rate of 9% HOME INSERT DATA fx 1 Project X Cash Flows 44,000 10,000 10,000 15,000 18,000 15,000 Rate % Payback period (years)

Answers

The payback period for this project is 3.96 years. This is the amount of time it will take to recover the initial cost of the project.

The payback period is calculated by dividing the initial cost of the project by the annual cash flows and then adding the result to the year in which the initial cost was incurred. In this case, the initial cost of $44,000 is divided by the annual cash flows of $10,000, $15,000, and $18,000 respectively and added to the first year of the cash flows to calculate the payback period.

For example, the first year’s cash flow of $10,000 is divided by the initial cost of $44,000 and multiplied by the number of years in the project (1) to give a payback period of 2.27 years. The second year’s cash flow of $15,000 is divided by the remaining initial cost of $34,000, multiplied by the number of years in the project (2) to give a payback period of 1.69 years. The remaining initial cost of $16,000 is then divided by the third year’s cash flow of $18,000 and multiplied by the number of years in the project (3) to give a payback period of 0.89 years.

When these figures are added together, the payback period for the project is 3.96 years. This means that the initial cost of the project will be recovered within this time period. It is important to note that the payback period does not take into account the time value of money and the discount rate of 9% was not used in the calculation.

Know more about cash flows here:-

https://brainly.com/question/29768594#

#SPJ11

Other Questions
Find the missing length indicated PLEASE HELPPPPP 30 POINTSSSS! the book value per share for a corporation is: the book value per share for a corporation is: based on the excess of total assets over total liabilities the market price of the stock the amount stockholders would receive if they sold their shares back to the corporation the cost of investments in stock of other corporations Identify the structure that synthesizes MHC class I molecules.a. Ribosomesb. Smooth endoplasmicc. Rough ERd.Mitochondria In a population of 100 individuals, 16 exhibit a recessive trait. Find genotypic frequencies at homozygous (AA), heterozygous (Aa) and homozygous small a (aa). 0.0% complete question a developer writes code for a new application, and wants to ensure protective countermeasures against the execution of sql injection attacks. what secure coding technique will provide this? W1 should not have fluoresced. Why? (I know it did not contain rGFP, but why?) W2-W4 should have fluoresced slightly. Give two possible reasons why. Which trinucleotide repeat disorder would not be consistent with the hairpin formation part of this model?CGAAGCCGAAGCCGAa) Huntington disease (CAG repeat)b) Fragile X syndrome (CGG repeat)c) Jacobsen syndrome (CGG repeat)d) Friedreich ataxia (GAA repeat) a bin can hold 28 pounds. each toy car weighs 7 ounces. how many toy cars can the bin hold? (2 points) 64 toy cars 72 toy cars 88 toy cars 92 toy cars Capstone Exercise Q: Why do you think P&G emphasizes the brand name and not the company name? A: Q: Choose a P&G brand and explain what the image of the brand is and how P&G creates and conveys that image to the consumer. A: Q: As a P&G brand manager how do you improve your odds that when the customer makes the buying decision, he or she will choose your brand and not your competitors brands? A: (ALL QUESTIONS MUST HAVE ESSAY ANSWERS) I cant figure it out If the midpoint of 2 sides of a triangle are connected with a segment then Increase 16470.45 by 3.5%Give your answer rounded to 2 DP If the GM between 2 and 22 is a find the value of a. an accounting information system (ais) must include certain source documents in order to control purchasing and accounts payable. for a manufacturing organization, the best set of documents should include ion channels that open and close in response to a change in membrane potential are called _____. This is a modification of A7 - Quadratic Approximation. Create a Matlab function called myta which takes four arguments in the form myta(f,n,a,b). Heref is a function handle, n is a nonnegative integer, and a and b are real numbers. The Matlab function should find the nth Taylor Polynomial to f(x) at x = a and plug in x = b, then it should return the absolute value of the difference between this value and f(b). The the nth Taylor Polynomial to f (x) is the function g(x) = f(a) + f'(a)(x a) += f'(a)(x a)? + 1 1 f''(a)(x a)3 + + f(n)(a)(x a)". 1 3! n! 3 Here are some samples of input and output for you to test your code. When you submit your code the inputs will be different. Here vpa is being used to show lots of digits 2 bags of dog food. How many days will 3/4 last? gold bank is a depository institution that suffers from a lack of liquidity. would the bank be eligible for primary credit? what is the function of the styloid process of the temporal bone?