Answer:
X Company will recognize $819,000 depletion in 20X2.
Explanation:
Depletion Expense = (Cost - Salvage Value) × (Period`s Production / Total Expected Production)
= ($45,000,000 + $500,000 + $1,300,000 - $4,500,000) / ( 130,000 / 1,000,000)
= $819,000
Note : Cost of Land Includes Purchase Price and any costs directly incurred in placing the land in condition required for operation by management as well as decommissioning costs.
A firm's diversification strategy is most likely to add value if:________. a. There exist economies of scope between diversified business units. b. The firm has a comprehensive business portfolio in different industries. c. The diversification strategy enables the firm to enter several unrelated businesses. d. It enters unfamiliar market through aggressive acquisitions.
Answer:
Option A. There exist economies of scope between diversified business units
Explanation:
The reason is that diversification is lowering the industry risk of the business the company is in by investing in several other industries. This helps us to lower the risk and have a steady returns in the subsequent years. This means uncertainty related to cash flows is lowered and this has also increased the chances of cash surplus for subsequent years.
Furthermore, if the investments made in diversified business units possesses economies of scope, which means that we are in related diversification because we are manufacturing different but similar goods which are substitutes to each other from large to some extent. This brings economies of scope and would lower the total operating cost of company. Hence the Option A which says that economies of scope does add value to the company is the right option.
Option B is not preferable option as the option of investing in different businesses is choosen in the option A.
Option C is again the same as Option B and the difference is that it uses the word several unrelated businesses instead of comprehensive business portfolio which is the same thing. Hence Option C is also not preferable option here.
Option D is incorrect because when we acquire an organization it is the move of increase in risk portfolio because acquisitions are mostly not a sound investments and not a part of diversification strategy as the company is putting all the eggs in the single basket.
Financial statement data for the year ending December 31 for Navajo Company follow: Sales $2,550,000 Net income 1,258,000 Fixed assets (net): Beginning of year 800,000 End of year 985,000 The fixed asset turnover ratio for Navajo Company on December 31 would be 2.9. 2.6. 1.4. None of these choices are correct.
Answer:
Fixed Asset Turnover Ratio=2.9 Times
Explanation:
Calculation for the fixed asset turnover ratio for Navajo Company on December 31
The first step is to find the Average fixed asset
Using this formula
Average fixed assets=Beginning of year fixed assets + End of year Fixed assets/2
Let plug in the formula
Average Fixed assets =800,000+985,000/2
Average Fixed assets =$1,785,000/2
Average Fixed assets=$892,500
The next step is to calculate for the Fixed asset turnover ratio
Using this formula
Fixed asset turnover ratio=Sales/Average
Let plug in the formula
Fixed Asset Turnover Ratio=$2,550,000/$892,500
Fixed Asset Turnover Ratio=2.9 Times
Therefore fixed asset turnover ratio for Navajo Company on December 31 will be 2.9 Times
Harlose Suits faced a lot of complaints from customers when its recent batch of goods was dispatched. The employees at Harlose Suits, hence, had to rework on the returned items, and in some cases, the company had to even replace the faulty goods. In this case, the costs incurred by Harlose Suits are an example of _____.
Answer:
External failure costs.
Explanation:
These are explained to be the faults or defects a customer finds out or see after receiving his good and leaves the factory or finds out when goods or services has been delivered to him/her.
This can be either internal or external. When seen to be an internal aspect of the failure, costs result from identification of defects before they are shipped to customers. Some of these could include rejected products, reworking of defective units, scrap and also downtime caused by quality problem. It is said that a firms appraisal activities creates chances greater than the chance of catching defects internally and the greater the level of internal failure costs. This is the price that is paid to avoid incurring external failure costs, which can be devastating.
Answer: im trying to get points
1 2 3 4 5 6 7 8 9
The characteristics of a world market where global competition prevails include A. a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries. B. minor cost variations from country-to-country (as concerns production, distribution, sales and marketing, and other primary components of the industry value chain) and minimal cross- country trade restrictions. C. a competitive environment comprised of so many competitors that no company has a sizable worldwide market share. D. many companies racing for global market leadership, with most contenders using the same basic type of competitive strategy and positioned in the same strategic group. E. low barriers to entry, such as large number of rivals that the actions of any one rival have little impact on the sales and market shares of other rivals, and key success factors that vary from country to country.
Answer:
A. a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries.
Explanation:
The characteristics of a world market where global competition prevails include a market situation where competitive conditions across national markets are linked strongly enough to form a true world market and where leading competitors typically compete head to head in many different countries.
For instance, the fierce competition between the manufacturers of mobile phones such as Android devices and iOS devices. Also, manufacturers of vehicles are into head to head competition in different countries.
XYZ assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables
Answer:
$0
Explanation:
Data provided in the question
Account receivable assigned = $6,000,000
For Collateral = $2 million
Percentage = 8%
Finance fee = 1%
Based on the above information, the amount of gain or loss that should be recorded at the time of transfer of receivable is zero as the account receivable is used for a collateral purpose ,not for sale purpose
Therefore, the $0 should be recorded
You are a policy analyst in the Department of Energy. You were just offered a job with a renewable energy company. How long must you wait before you can lobby the Department of Energy on behalf of your new employer?
Answer:
2 years
Explanation:
In case when you offered a job from a renewable energy company and you are currently working as a policy analyst in the energy department so you have to wait for 2 years prior for lobbing the department of energy on new employer behalf
Hence, the time period is for 2 years and the same is to be considered for the given situation.
The Cash account in the ledger of Hensley, Inc. showed a balance of $3,100 at June 30. The bank statement, however, showed a balance of $3,900 at the same date. The only reconciling items consisted of a $700 deposit in transit, a bank service charge of $7, and a large number of outstanding checks.1. Refer to the above data. Upon completion of the bank reconciliation, a journal entry will be required to update the depositor's accounting records. This entry will inchude:______.a) a credit to Cash for $700. b) a debit to Cash for $700. c) a debit to Cash for $7. d) a debit to Bank Service Charge Expense for $7. 2. Refer to the above data. What is the total amount of the oustanding chocks a Tone 30?A) $1,513. B) $1,486.C) $1,507.D) Some other amount.
Answer:
1. d) a debit to Bank Service Charge Expense
2.d) Some other amount.
Explanation:
1. No journal entries are prepared to record deposits in transit and outstanding checks because these items have already been recorded in the books. Therefore, only one journal entry will be required to record the bank service charge of $7. The bank service charge is an expense and will be recorded by debiting bank service charge expense account and crediting cash by $7.
2. Total amount of outstanding checks = Balance per bank statement + Deposit in transit - Balance per books - Bank service charge
Total amount of outstanding checks = $3,900 + $700 - $3,100 - $7
Total amount of outstanding checks = $1,493
Gilberto Company currently manufactures 65,000 units per year of one of its crucial parts. Variable costs are $1.95 per unit, fixed costs related to making this part are $75,000 per year, and allocated fixed costs are $62,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $3.25 per unit guaranteed for a three-year period. Calculate the total incremental cost of making 65,000 units. Incremental Costs to Make Relevant Relevant Total Amount per Fixed Costs Relevant Costs Unit Variable cost per unit $65,000.00 126,750 Fixed manufacturing costs Allocated fixed costs Total incremental cost to make 126,750
Answer:
Explanation:
cost of making in-house
Variable cost = 1.95 * 65,000 = 126,750
Related fixed cost = 75,000
Unavoidable fixed cost= 62,000
Total cost of manufacturing = 263,750.
cost of buying
Unit cost = 3.25*65,000 = 211,250
Unavoidable fixed cost = 62,000
Total cost of buying = 273,250 .
Cost of buying is higher than the cost of making
Incremental cost buying = 273,250-263,250 = 9,500
Recommendation
Gilberto should manufacture in - house instead of buying.
You are attending a lecture by a banker and you expect her to advocate bank savings accounts. However, she advocates stock investments instead. Since her message goes against her own self-interest, you perceive her as _______ and the message as _______.
Answer: sincere; persuasive
Explanation:
Since her message of the banker goes against her own self-interest, you perceive her sincere and the message as persuasive.
Being sincere simply means that the banker is giving the lecture genuinely and what she is saying is free from being deceitful. Also, hee message is being regarded as persuasive.
Todd is the owner of TodVac, a producer of high performance commercial vacuum cleaners based in Texas. Todd knows that some companies use technology that has been proven over the years to efficiently create components very similar to the components in his vacuums. Unfortunately, Todd has never seen this technology and does not have a clue how it works. How should Todd go about learning how to improve his production with time-tested technology?
Answer:
The internet is good place to learn
Explanation:
From an economic perspective, Todd stands to spend less if he decides to carry out an extensive research on the internet.
Vacuum cleaners are more than ever before been refunished with modern technology.
With simply a tap of a button on Google, Todd can look the various technologies used by or companies that has been proven over the years to efficiently create components very similar to the components in his vacuums.
Pure competition is important to economists because it is __________________ . Pure competition is important to economists because it is __________________ . the lowest cost to the buyer the benchmark of efficiency to compare all other models against both a. and b. none of the above
Answer:
a and b
Explanation:
A perfect or pure competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Due to maximum competition in a pure competition, it is the lowest cost to the buyer.
Pure competition is efficient because, goods are priced at equilibrum
In trying to understand the evacuation of the World Trade Center when it was first bombed in 1993, B. E. Aguirre, Dennis Wenger, and Gabriela Vigo argue that the more "the search for meaning in the milling process focuses upon defining the situation as serious, the quicker should be the mobilization of people and the initiation of collective behavior." What type of theory are they using to make this prediction?
Answer: Emergent norm theory
Explanation: The emergent norm theory could be explained as the energy, discipline and panache which surrounds a particular situation. When there is a situation at hand, the extent at which the issue or situation is managed hinges on the social interaction or atmosphere within the crowd or pool of participants. It defines the importance, seriousness and norm exhibited by members who make up the pool or crowd. The crowd behavior reverberates around individual members and as such influences their behavior by adopting or following the trend due to the nature of the circumstance at ahead which has given rise to a change in the individual attribute or character of the people.
The combination of one or more communication tools used to inform prospective buyers about the benefits of the product, persuade them to try it, and remind them later about the benefits they enjoyed by using the product is referred to as the
Answer:
the promotional mix
Explanation:
All of the different aspects described in the question are part of a group known as the promotional mix. In the context of marketing, this mix describes a blend of promotional variables chosen by marketers to help a firm reach its goals. This mix is divided into 5 categories which are, advertising, PR, promotions, direct marketing, and personal selling. Each with its own function but all working toward the same goals.
Brick Co. has 170,000 shares of common stock outstanding at January 1, Year 5. On May 1, Year 5, it issued 30,000 additional shares of common stock. Outstanding all year were 12,000 shares of convertible cumulative preferred stock. Each share of the convertible preferred stock, which was dilutive in Year 5, is convertible into one share of Brick's common stock. What is the number of shares that Brick should use to calculate Year 5 diluted earnings per share
Answer:
the number of shares that Brick should use to calculate Year 5 diluted earnings per share is 202,000 shares.
Explanation:
Diluted Earnings per share takes into account the potential voting rights in the calculation of the Weighted Average Number of Common Stocks Outstanding.
Weighted Average Number of Common Stocks Outstanding Calculation :
Outstanding at beginning of the Year 170,000
Issued May 1 : 30,000 × 8/12 20,000
Convertible cumulative preferred stock 12,000
Weighted Average Number of Common Stocks Outstanding 202,000
A company purchased equipment and signed a 4-year installment loan at 10% annual interest. The annual payments equal $10,600. The present value of an annuity factor for 4 years at 10% is 3.1699. The present value of a single sum factor for 4 years at 10% is .6830. The present value of the loan is:
Answer:
$33,600.94
Explanation:
the present value of the loan = annuity payment x annuity factor = $10,600 x 3.1699 = $33,600.94
we can check that this amount is correct by:
first payment = $10,600 - ($33,600.94 x 10%) = $7,239.91
principal balance after first payment = $33,600.94 - $7,239.91 = $26,361.03
second payment = $10,600 - ($26,361.03 x 10%) = $7,963.90
principal balance after second payment = $26,361.03 - $7,963.90 = $18,397.13
third payment = $10,600 - ($18,397.13 x 10%) = $8,760.29
principal balance after third payment = $18,397.13 - $8,760.29 = $9,636.84
fourth payment = $10,600 - ($9,636.84 x 10%) = $9,636.32
principal balance after fourth payment = $9,636.84 - $9,636.32 = $0.52 (rounding error)
"A client surrenders a variable annuity contract 5 years after purchase because of poor performance. The customer invested $50,000 and redeemed it when the NAV was $40,000, however the customer only received $37,000 because a $3,000 surrender fee was imposed. The tax consequence is:"
Answer: D. $10,000 deductible ordinary loss and $3,000 non-deductible loss
Explanation:
Should a person surrender a variable annuity early, their cost basis will be the amount they invested to get the annuity and the redemption amount will be considered as sales proceeds. If the sales proceeds are less than the cost basis, this is a loss and will be treated as a deductible ordinary loss.
The surrender fee will not however be treated as an deductible loss meaning that in this case $3,000 would be a non-deductible loss and $10,000 would be a deductible ordinary loss.
A________ is a plan in which an individual balances available resources and expenses.
Answer:
Budget
Explanation:
You're sorting out your investments and spending habits. Often sorting out all of your needs to fit in a well balanced budget
A successful total quality management (TQM) program requires
a) minimizing changes in the organization's culture.
b) attributing defects to the appropriate production function(s).
c) focusing on defect solutions, not sources.
d) soliciting feedback from division-level managers and above.
e) breaking down barriers between functions.
Answer:
Breaking down barriers between functions
Explanation:
Total quality management is a management approach to getting all employees committed to improving processes , products and services towards achieving a customer satisfaction and growth success into a foreseeable future.
One key requirement towards achieving this is breaking down barriers between functions as development of new products calls for efficient planning to deliver customer satisfaction and employees in different functions and department also have to work together to anticipate problems that could impair quality of products.
The successful total quality management (TQM) program requires
required Breaking down barriers between functions.
What is TQM:It is the management approach where it recieved all employees committed for improving out the processes, product & services, so that the customer satisfaction should be achieved. Also, the growth success should be considered for the near future.
If there is the split down barriers that lies between the functions should be of the establishment of the new product calls so that the efficient planning could be done.
Learn more about management here: https://brainly.com/question/24302303
When a business doesn't have control of all the environmental forces, it is called ________ design. For example, Acme Medical relies on predictions and contingencies to cope with unexpected input. Last year, an influenza epidemic affected suppliers, personnel, and even customers, causing lost production and lost profit.
Answer: open
Explanation:
An open design is business that doesn't have control of all the environmental forces. This can bring about loss and bad happenings to the business.
This is shown in the example given above that Acme Medical relies on predictions and contingencies to cope with unexpected input and that last year, an influenza epidemic affected suppliers, personnel, and even customers, causing lost production and lost profit.
You've just won the lottery! Your winnings will be paid as a monthly annuity of $1,000 per month for 50 years. Assume an interest rate of 10 percent compounded monthly. (Do not round intermediate calculations. Round your final answer two decimal places.) What is the present value of your winnings if the first payment starts today
Answer:
$119,220.57
Explanation:
in order to calculate the present value of your lottery winnings, we can use the present value annuity factor:
present value = monthly payment x annuity factor (PV annuity factor, ¹⁰/₁₂%, 600 periods)
monthly payment = $1,000annuity factor = 119.22057present value = $1,000 x 119.22057 = $119,220.57
why does human want change over a period of time ?
The Smiths are saving money for a down payment on a house. The Smiths have $25,000 in cash, and they estimate that in 5 years they will have approximately $31,000 if they deposit their cash in a savings account that compounds interest yearly. To calculate the $31,000 amount, the Smiths determined
Options :
A)net present value of the $25,000.
B)future value of the $25,000.
C)internal rate of the return on the $25,000.
D)present value of $25,000.
Answer: B)future value of the $25,000.
Explanation: The Smith's calculation and subsequent result which yielded $31,000 refers to the future value of $25,000. The initial $25000 is the present value of the amount held. If the initial amount is saved or deposited over a certain number of years in an account which yields a certain rate of interest per annum and is compounded either on a monthly, yearly, quarterly or semiannual basis as the case may be, in this scenario above, the interest is called mounded annually. This initial amount will grow and yield an amount which is greater than the present deposit. This is called the future value of the initial deposit.
Goal setting is most effective when: 1 point A. goals are measured in quantitative, qualitative, and cost terms. B. the goals do not stretch the employee's abilities and motivation. C. the goal statements are general rather than specific. D. the intensity of employee effort is minimal. E. it does not compel people to increase the persistence of their work effort.
Answer:
A. goals are measured in quantitative, qualitative, and cost terms.
Explanation:
Goal setting is the most important part of any organization as it needs to meet the target timely. It is also the part of motivating the employees so that they accomplish the company target. Goals setting can also be measured quantitative, qualitative, and cost terms as an organization want to compete with other brands.
Therefore as per the above description, the correct answer is a
Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent product launch was completed on time. His manager was impressed and offered Rashad the opportunity for a coveted leadership position on the next generation product team. The manager's action is consistent with _______ justice. distributive restorative customary reparative frontier
Complete Question:
Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent product launch was completed on time. His manager was impressed and offered Rashad the opportunity for a coveted leadership position on the next generation product team. The manager's action is consistent with _______ justice.
Group of answer choices.
A. restorative
B. customary
C. distributive
D. frontier
E. reparative
Answer:
Distributive.
Explanation:
In this scenario, Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent product launch was completed on time. As a result of this, his manager was impressed and offered Rashad the opportunity for a coveted leadership position on the next generation product team. The manager's action is consistent with distributive justice.
Distributive justice can be defined as the just and fair allocation of resources among a large group of people. It is mainly focused on the use of discretion as opposed to administrative laws, policies or procedures.
Hence, Rashad was offered the much coveted position by his manager not because he was entitled to it by law but as a result of distributive justice being used by the manager.
The manager's action is consistent with distributive justice. Thus the option C is correct.
What is distributive justice ?Distributive justice is the social allocation of resources. It is related to administrative laws and has been used in social sciences and psychology.
Distributive justice is of the 5 types equality, equity, power, need, and responsibility. As Rashad's manager offers him the opportunity to co0nvert the leadership position for the team of next-generation, his action is consistent with distributive justice.
Find out more information about Rashad.
brainly.com/question/5527001.
This question is incomplete.
The Complete Question:
Rashad consistently went above and beyond to meet his personal deadlines and to help other team members to ensure a recent product launch was completed on time. His manager was impressed and offered Rashad the opportunity for a coveted leadership position on the next generation product team. The manager's action is consistent with _______ justice.
Group of answer choices.
A. restorative
B. customary
C. distributive
D. frontier
E. reparative
You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. You plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. What will the portfolio's new beta be? Do not round your intermediate calculations.
Answer:
1.15
Explanation:
A diversified portfolio consists of $100,000 with 20 stocks and $5,000 invested in each of the stock
The portfolio beta is 1.12
You plan to sell a stock with a beta of 0.90, the proceeds gotten from it will be used to purchase a new stock with a beta of 1.50
Therefore, the portfolio's new beta can be calculated as follows
= (20×1.12-0.9+1.50)/20
= (22.4-0.9+1.50)/20
= 23/20
= 1.15
Hence the portfolio's new beta is 1.15
Emergency Operations Centers are part of the standard, national framework for incident management. This is described in A. the Command and Coordination component of the National Incident Management System (NIMS). B. the Resource Management component of the National Incident Management System (NIMS). C. the Operational Period Planning Cycle and Incident Action Plan for each individual incident. D. the Communications and Information Management component of the National Incident Management System (NIMS).
Answer:
Correct Answer:
C. the Operational Period, Planning Cycle, and Incident Action Plan for each individual incident.
Explanation:
Emergency Operations Centers are centers in National Incident Management in charge of incident management that is applicable at all jurisdictional levels and across functional disciplines.
Michael is the owner of a restaurant in downtown Buffalo and recently signed a long-term lease with the building's owner. Since Michael will be staying in his current location for the long-term, he decides to install new commercial ovens and dishwashers. These installations are examples of what...? Trade Fixtures Interim Fixtures Installations Real Property
Answer:
The answer is trade fixtures
Explanation:
Trade fixtures are a tenant's installments which become a part of the land during the leasing contract period but they are not belong to the landlord thereafter. The tenant reserves the right to remove the the installments at the end of the contract term.
Answer:
A. Trade Fixtures
Explanation:
Trade Fixtures are the pieces of property installed by a business tenant in a leased building to help him run his business. The pieces of equipment could be equipment or installations that are useful in the running of the business. The tenant or business owner should ensure that whatever equipment he installs in the property can be easily detached because failure to do so would make the fixture become the landlord's own.
Examples of trade fixtures could be counters installed in the building, or even show glasses constructed to showcase goods. He should ensure that these properties can be moved when he eventually leaves the building.
Spencer Co. has a $280 petty cash fund. At the end of the first month the accumulated receipts represent $51 for delivery expenses, $159 for merchandise inventory, and $20 for miscellaneous expenses. The fund has a balance of $50. The journal entry to record the reimbursement of the account includes a:
Answer:
Credit to cash $230
Explanation:
Preparation of the Journal entry for the reimbursement of the account of Spencer Co.
Based on the information given we were told that the company spent the amount of $51 for delivery expenses, the amount of $159 for merchandise inventory, and the amount of $20 for miscellaneous expenses from their petty cash fund at the end of the month, which means that the journal entry to record the reimbursement of the account will be:
Dr Delivery expenses $51
Dr Merchandise inventory $159
Dr Miscellaneous expenses $20
Cr Cash $230
(To record petty cash reimbursement)
Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000. By 2011, she had been promoted to full professor, with a salary of $70,000. If the price index was 82 in 1980 and 225 in 2011, then what is Iggie's 2011 salary in 1980 dollars
Answer:
$25,511.11
Explanation:
Iggie's salary in 1980 dollars = (salary / 2011 price index) x 1980 price index = ($70,000 / 225) x 82 = $25,511.11
The price index shows us how much the value of money has changed over time. In this case, $82 in 1980 could purchase X goods. In 2011, you would need $225 in order to be able to purchase the same amount of X goods.
The Cooke family has worked for various General Motors's divisions for over four decades. Bennett Cooke works at the Cadillac division. Rondella Cooke works at the Buick division. Their son Tyrone works at the Corvette plant, and their daughter Niome works at the Saturn plant. The Cooke family could tell you that GM is departmentalized by:
Answer:
Product
Explanation:
Since in the question it is mentioned that Cooke family worked in the various division like Bennett Cooke works at the Cadillac division and like this other its family working in different divisions
So here it is focused on a single product that could be sold by different divisions
Therefore it is departmentalized by product
