Which of these behaviors is BEST for managing an intercultural project team?

a. Enter the situation with no knowledge of the local culture and customs to avoid any appearance of bias.
b. Classify members of the project team in accordance with popular stereotypes.
c. Learn alternative means of exchanging information.
d. Foster an atmosphere of inclusivity by ignoring cultural differences.

Answers

Answer 1

Answer:

Foster an atmosphere of inclusivity by ignoring cultural differences.

Explanation:

When we gather a team of individuals from different cultural backgrounds to form a team that undertake tasks to create a unique product or service, its good we acknowledge that differences exist between cultures. We are not expected to assign values to such cultures, terming some as right or wrong, good or bad. Every form of cultural stereotypes or bias much be avoided.


Related Questions

In September​ 2008, the IRS changed tax laws to allow banks to utilize the tax loss carryforwards of banks they acquire to shield their future income from taxes​ (prior law restricted the ability of acquirers to use these​ credits). Suppose Fargo Bank acquires Covia Bank and with it acquires $ 74$74 billion in tax loss carryforwards. If Fargo Bank is expected to generate taxable income of $ 10$10 billion per year in the​ future, and its tax rate is 30 %30%​, what is the present value of these acquired tax loss carryforwards given a cost of capital of 8 %8%​?

Answers

Answer:

The present value of these acquired tax loss is $15.81 billion

Explanation:

We can shield $ 10 billion for the next 7 years and $4 billion in the 8th year

Given the tax rate = 30%

Years 1 - 7, tax savings = $ 3 billion

Year 8, tax savings = $1.2 billion

Present value (PV) = 3 × [tex]\frac{1}{0.08} \{1-\frac{1}{1.08^7} \}[/tex] + [tex]\frac{1.2}{1.08^8}[/tex]

= 3 × 12.5(1-0.58) + 0.648

= 3 × 5.25 + 0.648

= 15.75 + 0.648

= $ 15.81 billion

Therefore, the present value of these acquired tax loss is $15.81 billion

Fowler, Inc., just paid a dividend of $2.75 per share on its stock. The dividends are expected to grow at a constant rate of 6.5 percent per year, indefinitely. Assume investors require a return of 11 percent on this stock.
a. What is the current price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What will the price be in three years and in fifteen years? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Stock price now is  $65.08  

Stock price in 3 years is $78.61

Stock price in 15 years is $ 167.38  

Explanation:

The current price of the stock is given  by the stock price formula below:

stock price=Di*(1+g)/k-g

Di is the dividend just paid of $2.75 per share.

g is the growth rate of dividend of 6.5%

k is the investors' expected return of 11%

stock price=$2.75*(1+6.5%)/(11%-6.5%)=$ 65.08  

In calculating stock price in 3 and 15 years,we use the future value formula

FV=PV*(1+r)^n

PV is the current price

r is the growth rate whereas the n is the number of years

Stock in 3 years=$65.08*(1+6.5%)^3=$78.61  

Stock in 15 years=$65.08*(1+6.5%)^15=$ 167.38  

Karen is a financial analyst. At work, she uses logic to reason and solve novel financial problems. This is an example of _____. She also has a vast amount of accumulated knowledge about the stock market, accounting software, and economic trends that she draws upon to help her succeed at her job. This is an example of _____.

Answers

Answer:

Fluid Intelligence, Crystallized Intelligence

Explanation:

Karen is a financial analyst. At work, she uses logic to reason and solve novel financial problems. This is an example of Fluid Intelligence. She also has a vast amount of accumulated knowledge about the stock market, accounting software, and economic trends that she draws upon to help her succeed at her job. This is an example of Crystallized Intelligence.

Fluid Intelligence is the ability of an individual to be able to reason and solve different problems in very unique and novel situations. On the other hand, Crystallized Intelligence is the ability of the individual to use the previously acquired knowledge from past experiences in order to solve a present problem. Which is what Karen is doing by using her stock market knowledge to solve problems in her job.

On November 10 of the current year, Flores Mills sold carpet to a customer for $9,000 with credit terms 4/10, n/30. Flores uses the gross method of accounting for cash discounts. What is the correct entry for Flores on November 17, assuming the correct payment was received on that date

Answers

Answer:

Dr cash                 $8,640

Dr sales discount  $360

Cr accounts receivable              $9,000

Explanation:

First and foremost , it is noteworthy that receiving payment on  17 November means that customer paid within the stipulated discount period of ten days, hence entitled to a 4% discount off the purchase price.

Cash received=$9,000*(1-4%)=$ 8,640.00  

Discount allowed=$9,000-$ 8,640=$360

As a result of the above computations, the cash account would be debited with $8,640 while sales discount is debited with $360.

The accounts receivable is debited with the  full purchase price of $9,000

Norton Manufacturing expects to produce 2,900 units in January and 3,600 units in February. Norton budgets $20 per unit for direct materials. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the raw materials inventory account (all direct materials) on January 1 is $38,650. Norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. Desired ending balance for February is $51,100. What is the cost of budgeted purchases of direct materials needed for January

Answers

Answer:

Purchases= $26,550

Explanation:

Giving the following information:

Production:

January= 2,900 units

February= 3,600 units

Norton budgets $20 per unit for direct materials.

Beginning inventory raw materials= $38,650.

Desired ending inventory direct materials= 10% of the next month's direct materials needed for production.

To calculate the purchases of direct material, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 2,900*20 + (3,600*0.1)*20 - 38,650

Purchases= $26,550

On December 31, 2016, Yong sells his 10% interest in Catawissa LLC to Mei for $17,500. Yong is a calendar year taxpayer. Catawissa owns no hot assets, and its tax year ends on September 30. On October 1, 2016, Yong’s basis in the LLC interest was $11,000. His share of current LLC income is $4,000 for the period in which he owned the LLC interest (October 1 to December 31).
Yong recognizes a $____________ capital gain on the sale.

Answers

Answer:

$6,500

Explanation:

Capit gain on sales = sales of interest by Yong -basis of Yong in the LLC interest

Sales of interest by Yong $17,500

Less Basis of Yong in the LLC interest $11,000

Gain $6,500

Therefore Yong will tend to recognize a gain of $6,500 because he makes a sale of $17,500 in which his basis in the LLC interest was $11,000 making him to have a capital gain of $6,500

The GDP of a country hasnt improved in the past three years. The central bank decided to take a measure that will increase the amount of
money people spend on goods and services. Which step should the central bank take?
A increase interest rates
OB
reduce interest rates
oc
increase taxes
OD
increase the required reserve ratio
OE increase the price of goods and services

Answers

The correct answer is B. Reduce interest rates

Explanation:

The GDP or gross domestic product is measured based on the amount of money products and services produced by a country cost. This concept is related to the amount of money people in a country spend on goods and services. Additionally, one of the ways to increase the GDP by motivating people to spend more money is if interest rates are reduced because if the interest rate is low (money people need to pay for a loan) consumers are more likely to request loans and use the money of these on goods and services. This increases the amount of services and goods and therefore has a positive impact on the GDP.

The selected transactions below were completed by Cota Delivery Service during July: Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list:
Increase in an asset, decrease in another asset. Increase in an asset, increase in a liability. Increase in an asset, increase in stockholders' equity. Decrease in an asset, decrease in a liability. Decrease in an asset, decrease in stockholders' equity.
1. Received cash in exchange for common stock, $35,000.
2. Purchased supplies for cash, $1,100.
3. Paid rent for October, $4,500.
4. Paid advertising expense, $900.
5. Received cash for providing delivery services, $33,000.
6. Billed customers for delivery services on account, $58,000.
7. Paid creditors on account, $2,900.
8. Received cash from customers on account, $27,500.
9. Determined that the cost of supplies on hand was $300 and $8,600 of supplies had been used during the month.
10. Paid cash dividends, $2,500.
Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (10), in column, and inserting at the right of each number the appropriate letter form the following list:
a. Increase in the asset, decrease in another asset.
b. Increase in and asset, increase in a liability.
c. Increase in an asset, increase in stockholders' equity.
d. Decrease in an asset, decrease in a liability.
e. Decrease in an asset, decrease in stockholders' equity.

Answers

Answer:

1.c

2.a

3.e

4.e

5.c

6.c

7.d

8.a

9.e

10.e

Explanation:

First it is important to know and understand the definition of Asset, Liability and stockholders' equity. Then establish if these elements increase or decrease in a transaction.

Assets are economic resources controlled by a company as a result of past events from which economic benefits are expected to flow into the entity.

Liabilities are present obligation that arises as a result of past event settlement of which would result in outflow of economic benefits from the entity.

Stockholders equity is the residue in Assets after removing the liabilities.

Purchases Transactions Nieman Company purchased merchandise on account from Springhill Company for $9,900, terms 2/10, n/30. Nieman returned merchandise with an invoice amount of $2,400 and received full credit. a. If Nieman Company pays the invoice within the discount period, what is the amount of cash required for the payment? If required, round the answer to the nearest dollar.

Answers

Answer:

$7,350

Explanation:

The terms 2/10, n/30 indicates that the customer would get a 2% discount if the discount is made within 10 days. If the payment is not made in this period, the customer would have to pay the complete amount within 30 days. Taking this into consideration and as Nieman returned merchandise with an invoice amount of $2,400, you have to subtract this amount from the purchased they made:

$9,900-$2,400= $7,500

Then, you have to calculate the 2% of $7,500 to find the discount and subtract it from $7,500:

$7,500*2%= $150

$7,500-$150= $7,350

According to this, if Nieman Company pays the invoice within the discount period, the amount of cash required for the payment is: $7,350.

How do Keynesians and classicals differ in their beliefs about how long it takes the economy to reach​ long-run equilibrium? What implications do these differences in beliefs have for Keynesian and classical views about the usefulness of antirecessionary​ policies? Classical economists think prices adjust​ _____ and that antirecessionary policies are​ _____, whereas Keynesian economists think the opposite.

Answers

Answer: Rapidly; Not Necessary

Explanation:

Keynesian Economists are of the believe that the Economy takes a fairly long time to reach a long run Equilibrium while Classical economists believe that it takes a shorter period of time. This has led to both classes of Economists having varying opinions when it comes to the need for Anti-recessionary Policies.

Anti-recessionary policies are implemented by the Government to try to get the economy back to the long run equilibrium as soon as possible and Keynesian Economists support this because the believe that if help is not given, the economy will take too long to adjust on its own. Classical Economists are against this and see no need for such policies because they maintain that the economy adjusts and reaches the Long run equilibrium rapidly meaning that such policies are not necessary and would just be a waste of resources as well as a way for the government to exert more influence on the economy which is another thing they are against as well.

1) Prepare an ending 2015 Income Statement and Balance Sheet from the following information: Sales $800,000; Cost of Goods Sold $300,000; Accounts Receivables $20,000; Bonds Outstanding $160,000; Accounts Payable $20,000; Advertising Expense $1,000; Administrative Expenses $35,000; Interest Expense $24,000; Depreciation Expense $40,000; Dividends Paid $137,000; Rent Expense $5,000; Accruals $20,000; Common Stock $100,000; Retained Earnings $245,000 (Beginning 0f 2015); Cash $20,000; Inventory $45,000; Net Fixed Assets $600,000 (Beginning of 2015). (Assume a 40% Tax Rate)

Answers

Answer:

Ending retained earning for 2015 = $345,000

Total Assets = $645,000 

Shareholder's equity = $445,000

Total liabilities = $200,000

Explanation:

a. Income Statement for the year ended 2015

Details                                                                        $      

Sales                                                                      800,000

Cost of Goods Sold                                              300,000

Gross profit                                                           500,000

Advertising Expense                                               (1,000)

Administrative Expenses                                      (35,000)

Depreciation Expense                                          (40,000)

Rent Expense                                                         (5,000)

Operating income                                                 419,000

Interest Expense                                                  (24,000)

Income before tax                                                395,000

Taxation (40% * $395,000)                                 (158,000)

Net income                                                            237,000

Dividend paid                                                       (137,000)

Retained earning for the year                              100,000

Beginning retained earning                                 245,000

Ending retained earning                                     345,000  

a. Balance sheet as at the year ended 2015

Details                                                $                     $        

Assets:

Beginning Net Fixed Assets     600,000

Depreciation                               40,000

Ending Net Fixed Assets                                     560,000

Current Assets:

Cash                                                                        20,000

Accounts Receivables                                           20,000

Inventory                                                                45,000

Total Assets                                                          645,000

Shareholder's Fund:

Common Stock                                                     100,000

Ending retained earning                                     345,000

Shareholder's equity                                            445,000

Bonds Outstanding                 160,000

Accounts Payable                    20,000

Accruals                                   20,000

Total liabilities                                                       200,000

Total equities and Liabilities                               645,000

Printers Company pays a $25,000 annual membership fee to a trade association for paper wholesalers. The trade association estimates that 60% of its dues are allocated to lobbying activities. If amount is zero, enter, "0". a. Printers Company's total deductible expense for tax purposes is $ . b. Assume the same facts as above except that the $25,000 was incurred for in-house lobbying expenses. Printers Company's total deductible expense for tax purposes is $ .

Answers

Answer: a. $10,000. b. $0

Explanation:

Lobbying expenses are the money that are used to influence a legislative body either at the federal, state or local level. I'm general, the lobbying expenses are not typically deductible. The amount that was paid to the trade association which was not part of the lobbying will be as deduction.

a. We are told that the trade association estimates that 60% of its dues are allocated to lobbying activities. This means that (100% - 60%) = 40% wasn't part of the lobbying expenses. We will now find 40% of $25,000. This will be:

= 40% of $25,000

= 40/100 × $25000

= 0.4 × $25000

= $10,000

Therefore, the total deductible expense for tax purposes is $10,000

b. We are told that the $25,000 was incurred for in-house lobbying expenses. Therefore Printers Company's total deductible expense for tax purposes will be $0.

Sarah works for a company that has offered a promotion if she is willing to relocate. Sarah accepts the position and puts her house on the market right away. She sells her house the first day that the realtor holds an open house. The buyer agrees to pay cash for the full purchase price of the house. Sarah is thrilled, except that it means that she will have to put her furniture in storage until she finds another house in her new city. She enters into a written contract with Safe Storage, Inc. The agreement includes a clause excusing Safe Storage, Inc. from any liability for loss or damage, even if the loss or damage results from Safe Storage's negligent acts. Because of Self Storage's negligence, a fire destroys the warehouse and all of its contents, including Sarah's household goods and furniture. Sarah claims that Safe Storage, Inc. is liable for the full value of the contents, which is approximately $10,000. Is Sarah correct

Answers

Answer: Yes, because storage warehouses are strictly liable for loss or damage, regardless of fault and regardless of exculpatory clauses.

Explanation:

An exculpatory clause is a contract between two parties that relieves one party of liability if damages are caused during the execution of the contract. The party issuing the exculpatory clause is the one looking to be relieved of any potential liability. exculpatory clauses can also be rejected when they are unreasonable.

In this scenerio Sarah is right because storage warehouse are usually liable for loss or damages of goods regardless of a pre agreed exculpatory clause.

In what ways can succession planning be regarded as a type of contingency planning?

Answers

Answer & Explanation: A contigency plan refers to a plan to achieve an outcome other than in the usual plan. A succession planning involves identifying and developing new leaders who can easily replace exisiting leaders when the need arises.

Succession planning is a type of contingency plan as its goal is to accomodate the transfer of ownership/ managerial roles to a successor should the owner become disabled, dies or unable to operate business.

For example, a business owner may plan to transfer ownership of his business to his child but dies prematurely. Having already identified several successors, as a contingency plan one of them can run the business until the child mentioned in the will becomes of age and able to take over. This ensures the going concern of the business.

On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct. 1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $40,000. 2 Paid rent on office and equipment for the month, $4,800. 3 Purchased supplies on account, $2,150. 4 Paid creditor on account, $1,100. 5 Earned sales commissions, receiving cash, $18,750. 6 Paid automobile expenses (including rental charge) for month, $1,580, and miscellaneous expenses, $800. 7 Paid office salaries, $3,500. 8 Determined that the cost of supplies used was $1,300. 9 Paid dividends, $1,500. 1. Journalize entries for transactions Oct. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles. 2. Post the journal entries to the T accounts, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance. 3. Prepare an unadjusted trial balance as of October 31, 20Y6. 4. Determine the following: a. Amount of total revenue recorded in the ledger. b. Amount of total expenses recorded in the ledger. c. Amount of net income for October. 5. Determine the increase or decrease in retained earnings for October.

Answers

Answer and Explanation:

1. According to the scenario, the journal entries are shown below:

Journal Entry

October 1 Cash A/c    Dr. $40,000

               To Common stock A/c    $40,000

(Being the exchange for the common stock is recorded)

October 2 Rent expenses A/c   Dr. $4,800

                     To Cash A/c     $4,800

(Being the paid rent on office and equipment is recorded)

October 3 Supplies A/c    Dr. $2,150

                    To Accounts payable A/c    $2,150

(Being the purchase of supplies is recorded)

October 4 Accounts payable A/c  Dr. $1,100

                     To Cash A/c     $1,100

(Being the cash paid is recorded)

October 5 Cash A/c   Dr. $18,750

                  To Sales commission A/c   $18,750

(Being the earned sales commission is recorded)

October 6 Automobile expense A/c  Dr. $1,580

     Miscellaneous expense A/c  Dr. $800

                 To Cash A/c     $2,380

(Being the automobile and miscellaneous expenses paid is recorded)

October 7 Office salaries expense A/c  Dr. $3,500

                   To Cash A/c     $3,500

(Being the office salaries paid is recorded)

October 8 Supplies expense A/c  Dr. $1,300

                        To Supplies A/c     $1,300

(Being the cost of supplies is recorded)

October 9 Dividend A/c    Dr. $1,500

                        To Cash A/c     $1,500

(Being the dividend paid is recorded)

2. Now the posting of various accounts are as follows

T Accounts

                                           Cash A/c

Particular  Amount ($) Particular             Amount ($)  

Common stock 40,000 Rent expenses        4,800

Sales commission 18,750 Account payable          1,100

                                Automobile expense  1,580

                                Miscellaneous expense   800

                                Office salaries expense    3,500

                                Dividend expense             1,500

                                          Supplies Account

Particular  Amount ($) Particular              Amount ($)

Accounts payable 2,150 Supplies expenses 1,300

                                         Accounts Payable

Particular  Amount ($) Particular  Amount ($)

Cash            1,100           Supplies  2,150

                                                  Common Stock  

Particular  Amount ($) Particular  Amount ($)

                                    Cash          40,000

                                                  Dividends  

Particular  Amount ($) Particular  Amount ($)

Cash         1,500  

                                             Sales Commission

Particular  Amount ($) Particular  Amount ($)

                                    Cash           18,750

                                             Rent expense

Particular  Amount ($) Particular  Amount ($)

Cash           4,800    

                                Office Salaries expense

Particular  Amount ($) Particular  Amount ($)

Cash          3,500  

                                    Supplies Expenses

Particular  Amount ($) Particular  Amount ($)

Supplies   1,300  

                                    Automobile Expense

Particular  Amount ($) Particular  Amount ($)

Cash           1,580  

                                      Miscellaneous expense

Particular  Amount ($) Particular  Amount ($)

Cash          800  

3. Now unadjusted trail balance is presented below:

                               Unadjusted Trial Balance

Particular  Debit Amount ($) Particular         Credit Amount ($)

Cash            45,470                  Accounts payable 1,050

Supplies     850                   Common stock 40,000

Dividends     1,500                   Sales Commission 18,750

Rent expense   4,800  

Office salaries expense 3,500  

Automobile expense 1,580  

Supplies expense 1,300  

Miscellaneous expense 800  

Total                   59,800                Total                      59,800

4

a).Amount of total revenue recorded in the ledger

Sales commissions = $18,750

b). Amount of total expenses recorded in the ledger  

Particular                       Amount ($)

Rent expense                           4,800

Office salaries expense 3,500

Automobile expense          1,580

Supplies expense                  1,300

Miscellaneous expense 800

Amount of total expenses

recorded in the ledger           11,980

c).Amount of Net income for October is

= Total Revenue - Total Expenses

= $18,750 - $11,980

= $6,770

d) Increase or decrease in retained earnings for October is

= Net Income - Dividends

= $6,770 - $1,500

= $5,270  

All assets, expenses and dividend contains normal debit balance while the liabilities, revenues, and the stockholder equity contains normal credit balance

On January 1, Year 1, Hart Company issued bonds with a face value of $123,000, a stated rate of interest of 16 percent, and a five-year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 15 percent at the time the bonds were issued. The bonds sold for $127,123. Hart used the effective interest rate method to amortize the bond premium.

Prepare an amortization table.

Answers

Answer:

Find attached amortization table Hart Company bonds.

Explanation:

The amortization schedule starts with cash proceeds received from bondholders of $127,123,then adds interest expense to the cash proceeds using 15% effective interest rat i.e 15%*$127,123 and thereafter deducts interest payment which is 16% of face value  i.e 16% *$123,000.

The premium amortization in each year is interest payment minus the interest expense.

Patterson Brothers recently reported an EBITDA of $5.5 million and net income of $1.5 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization

Answers

Answer:

Depreciation & amortization = $1 million

Explanation:

The EBITDA is the earning of the company before interest, tax and depreciation and amortization deduction.

To calculate the Net Income from EBITDA, we subtract the charges for depreciation, amortization, interest and taxes.

Thus, net income is,

Net income = EBITDA - Depreciation & amortization - Interest - Tax

The tax is deducted from EBT which is earnings before tax. It is calculated by deducting the depreciation & amortization and interest from EBITDA. Thus, after deducting tax from EBT, we get net income. We can say that if tax is 40% it means that tax is 40% of EBT and net income is the remaining 60% of EBT.

Thus, if 60% of EBT is 1.5 million, then total EBT is,

EBT = 1.5 / 0.6  = $2.5 million

So, tax is = 2.5 * 0.4 = $1 million

Plugging in the values available in the net income formula,

1.5 = 5.5 - Depreciation & amortization - 2 - 1

1.5 + Depreciation & amortization  =  5.5 - 3

Depreciation & amortization = 2.5 - 1.5

Depreciation & amortization = $1 million

Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of processing were $300,000. Production and sales value information for the month were as follows: Product Units Produced Final Sales Value per Unit Separate Costs A 10,000 $25 $125,000 B 15,000 $30 $250,000 C 12,500 $24 $125,000 What is the constant gross margin percentage for Calamata

Answers

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

   A             10,000                    $25                                  $125,000

   B             15,000                    $30                                  $250,000

   C             12,500                   $24                                 $125,000

Total           37,500                                                            $500,000

Sales Value

A (10,000 x $25)      $250,000

B (15,000 x $30)      $450,000

C (12,500 x $24)      $300,000

Total Sales Value                       $1,000,000

Less

Joint Cost                                  ($300,000)

Separable cost                         ($500,000)

Gross Profit                               $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

Southwestern Wear Inc. has the following balance sheet:
Current assets $1,875,000
Accounts payable $375,000
Fixed assets 1,875,000
Notes payable 750,000
Subordinated debentures 750,000
Total debt $1,875,000
Common equity 1,875,000
Total assets $3,750,000
Total liabilities and equity $3,750,000
The trustee’s costs total $281,250, and the firm has no accrued taxes on wages. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $2.5 million is received from the sale of the assets?

Answers

Answer:

The investors will receive $343,750

Explanation:

In order to calculate the amount each class of investors receive we would have to calulate first the Balance available for Investors as follows:

Balance available for Investors=Total funds received -Trustee’s cost

Balance available for Investors=$2,500,000 -$281,250

Balance available for Investors =$2,218,750

Therefore, Balance available for stock holder=Balance available for Investors-Payment to  Accounts payable-Notes Payable-Subordinated debentures

Balance available for stock holder=$2,218,750 - $375,000 -$750,000 - $750,000

Balance available for stock holder= $343,750

The investors will receive $343,750

On May 9, 2017, Calvin acquired 250 shares of stock in Hobbes Corporation, a new startup company, for $68,750. Calvin acquired the stock directly from Hobbes, and it is classified as § 1244 stock (at the time Calvin acquired his stock, the corporation had $900,000 of paid-in capital). On January 15, 2019, Calvin sold all of his Hobbes stock for $7,000. Assuming that Calvin is single, determine his tax consequences as a result of this sale. If an amount is zero, enter "0". As a result of the sale, Calvin has: Ordinary loss: $ Short-term capital loss: $ Long-term capital loss: $

Answers

Answer:

Ordinary Loss: $50,000

Short Term Capital Loss : 0

Long Term Capital Loss : $11,750.

Explanation:

The objective of this question is to determine his tax consequences as a result of this sale

From the question given ; the result of the sale  which Calvin possess is as follows:

Ordinary Loss: The Ordinary loss is said to be  limited to $50,000 for individual.   ( According to Section 1244 ; the section give opportunities for  losses from sale of shares of small and  domestic corporations to be deducted as ordinary losses instead of as capital losses up to a maximum of $50,000 for individual .)                      

Short Term Capital Loss is said to be zero If it's one year or less.

Long Term Capital Loss is $11,750. How obtained this desired output of $11,750 is as a result of the following:

We know that :

Value of shares Acquired $68,750

Calvin sold all of his Hobbes stock for $7,000  (i.e the selling price rate)

Also , the Ordinary loss = $50,000

Therefore :

Value of shares Acquired = $68,750 - $7,000 - $50,000 = $11,750

How can you apply Total Quality Management, Six Sigma, Kaizen & Lean principles to improve the management of an academic institution

Answers

Answer:

TQM , Six sigma and Kaizen principles are essential for the development of a quality education system.

Explanation:

TQM is the management principle that focuses on maintaining a total quality system in involves the clarification of the mission, vision, and values of academic institutions, many use it to improve the effectiveness and quality of the programs. Self-evaluation and improvement of human relations. Helps to identify the barriers in academic institutions. In education six sigma improves the quality of the matter taught the audio and visual devices like the projector in te conferencing and paper presentation etc. Skill development and creation of a value-added standard and help in emotional development. The lean and kaizen have a streamlined process to improve efficiency in administering large scale programs helps to reduce cost, time and learning, applying analytical skills and developing competencies and improve workflow and opportunities.

If company policy changes, should you explain those changes to employees and customers at about the same time? Or should one group before informed before the other group?

Answers

Answer:

Employees

Explanation:

The company should explain the changes to the employees first and then the constumers. This way the employees can answer questions regarding the changes better.

During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows: Security Shares Purchased Cost Hawking Inc. 590 $20,709 Pavlov Co. 1,600 29,280 Assume that as of December 31, Year 1, the Hawking Inc. stock had a market value of $42 per share and the Pavlov Co. stock had a market value of $33 per share. Galileo Company had net income of $160,500 and paid no dividends for the year ending December 31, Year 1. All of the available-for-sale investments are classified as current assets. a. Prepare the Current Assets section of the balance sheet presentation for the available-for-sale investments.

Answers

Answer: Please see below for answer

Explanation:

Security Shares       Purchased Cost

Hawking Inc.              590        $20,709

Pavlov Co.                1,600        $ 29,280

total                                            $49,989

In December 31st, the Hawking Inc. stock with  market value of $42 per share and the Pavlov Co. stock had a market value of $33

Stock        Number of shares       market value per share   value

Hawking Inc.     $42                       590                       $24,780

Pavlov Co.        $33                     1600                          $52,800

Total  value                                                                    $77,580

Unrealized gain/loss =  $77,580-   $49,989= $27,591

Galileo Company  Balance sheet

Current assets

Available for sale investments at cost             $49,989

Allowance available for sale investments         $27,591

Available for sale at fair value                          $77,580 

The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where b is the number of bison killed. The marginal cost of killing bison is 0. What is the optimal bison-killing tax (per bison) to avoid the tragedy of the commons in this forest?

Answers

Answer: 20.99

Explanation:

The optimal bison-killing tax is 20.99

Before the optimal bison-killing tax (per bison) is gotten, we had to calculate the optimum amount of killing first which is represented by b.

After b has been gotten, the value of b was 19.1 and this was slotted into the tax in order to get the value of t.

The analysis and explanation has been attached below

The following events pertain to Super Cleaning Company: 1. Acquired $15,600 cash from the issue of common stock. 2. Provided $13,600 of services on account. 3. Provided services for $4,600 cash. 4. Received $3,000 cash in advance for services to be performed in the future. 5. Collected $9,600 cash from the account receivable created in Event 2 6. Paid $5,600 for cash expenses. 7. Performed $1,500 of the services agreed to in Event 4 8. Incurred $2,100 of expenses on account. 9. Paid $1,400 cash in advance for one-year contract to rent office space. Paid $1,750 cash on the account payable created in Event 8. 11. Paid a $2,100 cash dividend to the stockholders. 2. Recognized rent expense for nine months' use of office space acquired in Event 9.

Answers

Answer:

Since there is not enough room here to elaborate a horizontal financial statement, I attached an excel spreadsheet. Each of the 12 events corresponds to the events detailed in the question.

Explanation:

Dickerson Co. is evaluating a project requiring a capital expenditure of $810,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and net cash flow from the project are as follows: Year Net Income Net Cash Flow 1 $75,000 $285,000 2 100,000 290,000 3 109,000 190,000 4 36,000 125,000 $320,000 $890,000 The company's minimum desired rate of return is 12%. The present value of $1 at compound interest of 12% for 1, 2, 3, and 4 years is 0.893, 0.797, 0.712, and 0.636, respectively. Required: Determine the average rate of return on investment, including the effect of depreciation on the investment. Round your answer to one decimal place. %

Answers

Answer:

The average rate of return on investment is 19.8%

Explanation:

According to the given data we have the following:

Initial Investment = $810,000

Salvage Value = $0

Henc, Average Investment = (Initial Investment + Salvage Value) / 2

Average Investment = ($810,000 + $0) / 2

Average Investment = $405,000

Average Net Income = ($75,000 + $100,000 + $109,000 + $36,000) / 4

Average Net Income = $320,000 / 4

Average Net Income = $80,000

Therefore, Average Rate of Return on Investment = Average Net Income / Average Investment

Average Rate of Return on Investment = $80,000 / $405,000

Average Rate of Return on Investment = 19.8%

The average rate of return on investment is 19.8%

Your coin collection contains 95 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2060, assuming they appreciate at an annual rate of 4.9 percent

Answers

Answer:

FV= $16,652.38

Explanation:

Giving the following information:

Your coin collection contains 95 1952 silver dollars.

Number of years= 2060 - 1952= 108

They appreciate at an annual rate of 4.9 percent.

To calculate the future value of the coins, we need to use the following formula:

FV= PV*(1+i)^n

FV= 95*(1.049^108)

FV= $16,652.38

A variety of different savings products are offered by financial institutions. Two of the most frequently sold savings investments are statement (or passbook) savings accounts and certificates of deposit (CDs). How do they differ? Read the following statements and classify each as to whether it applies to a statement savings account, a certificate of deposit, or both.
Certificate of Deposit Statement Savings Account
Statement
1. The interest rate can be either fixed or variable over the life of the account.
2. The account has no fixed maturity or end; if you maintain the minimum required balance in the account and the institution does not cease doing business, the account could earn interest over your entire lifetime.
3. The account often earns a higher interest rate than the rate earned on NOW and share draft accounts.
4. If you withdraw your funds prior to the account's specified maturity, it is possible to end up with less money than you originally deposited.
5. The account offers you greater flexibility with regard to the frequency and number of deposits and withdrawals.

Answers

Answer:

A statement savings account can be drawn upon any time the customer requires cash (on demand).  The customer can also deposit cash into the account at any time.  The interest rate payable on the deposits is not fixed but fluctuates.  A statement savings account is opened for a life-time and there is no fixed time for the deposits to stay.

The duration for which the Certificates of Deposit will be saved is fixed.  A customer is not freely allowed to withdraw and deposit into the account. The customer withdraws at maturity.  The interest rate is fixed and cannot be altered.

1. Both

2. Statement Savings Account

3. Certificate of Deposit

4. Certificate of Deposit

5. Statement Savings Account

Explanation:

A statement (or passbook) savings account is an ordinary savings account opened in a bank for depositing and withdrawing money regularly as needed by the customer.  

A Certificate of Deposit (CD) is a fixed-term duration savings account, which is opened in a bank to enable the customer deposit some fixed amount that will not be withdrawn regularly by the customer until the maturity date.   CDs are called time deposits because of the fixed time the deposits must stay.

Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows:
Job 11-101 $3,880
Job 11-102 2,630
Job 11-103 2,080
Job 11-104 3,190
Job 11-105 2,080
Factory supervision 1,800 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $22 per direct labor hour. The direct labor rate is $18 per hour.
Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

Answers

Answer:

Explanation:

Job 11-101=$3,880

Job 11-102= $2,630

Job 11-103= $2,080

Job 11-104= $3,190

Job 11-105= $2,080

Total            13,860

Direct labor rate = $18

Predetermined overhead rate = $22

Direct labor hour = 13,860/18 = 770 hours

Applied factory overhead rate = 770 *22 = $16,940

                                      Factory labor cost

                                       Dr                        Cr

Work in progress        13,860

Factory Overhead       18,000

Wages payable                                          31,860

                                    Factory Overhead

Work in progress        16,940

Factory overhead                                       16,940

The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2900 units, the actual direct labor cost was $81600 for 5100 direct labor hours worked, the total direct labor variance is

Answers

Answer:

$5400 Favorable

Explanation:

Standard 2 hour at $15 per hour

Standard hours 2 hour per unit * 2900 units = 5800 hours

Total Standard cost = 5800 hours * $15 per hour =  $87,000

Actual hours = 5100

Actual cost = $81600 / 5100 hours = $16 per hour

Variance = Standard - Actual

Labor hour Variance Favorable = 700 hours (5800 hours - 5100 hours)

Total Labor variance = $5400 ($87,000 - $81,600)

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