Answer:
Engineering is the application of science and math to solve problems. Engineers figure out how things work and find practical uses for scientific discoveries. Scientists and inventors often get the credit for innovations that advance the human condition, but it is engineers who are instrumental in making those innovations available to the world. Engineers design, evaluate, develop, test, modify, install, inspect and maintain a wide variety of products and systems. They also recommend and specify materials and processes, supervise manufacturing and construction, conduct failure analysis, provide consulting services and teach engineering courses in colleges and universities.
The following accounts were abstracted from Oriole Company's unadjusted trial balance at December 31, 2020: Debit Credit Accounts receivable $753000 Allowance for uncollectible accounts 7800 Net credit sales $2810000 Oriole estimates that 7% of the gross accounts receivable will become uncollectible. After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of
Answer:
$52,710
Explanation:
Calculation for allowance for uncollectible accounts credit balance
Using this formula
Allowance for uncollectible accounts credit balance=Estimated gross uncollectible accounts receivable *Accounts receivable
Let plug in the formula
Allowance for uncollectible accounts credit balance=7%* $753,000
Allowance for uncollectible accounts credit balance=$52,710
Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710
Roy agrees to work as a financial advisor on a commission basis for Secure Investments, Inc., and signs an employment contract that includes an arbitration clause. A dispute arises over the amount of Roy's commission. Roy files a suit against Secure Investments, seeking $25,000 in unpaid commissions and $50,000 in other damages. Secure Investments insists that the parties submit the dispute to arbitration. On what Roy believes is insufficient evidence, the arbitrator awards Roy only $500 and issues a written opinion that includes an erroneous finding of fact and a mistaken conclusion of law. Can Roy successfully challenge this award in court
Answer:
Yes. Roy can successfully challenge this arbitration award in court.
Explanation:
According to the law, an arbitration clause is a part of the contract between Roy and Secure Investments, Inc. that deals with these parties' rights and options in the event of a legal dispute over their contract. Like in most arbitration clauses, Roy and Secure Investments, Inc. must have agreed not to sue each other but instead, to resolve their disputes through the arbitration process. But the res judicata effect produced through an arbitration can either be challenged and appealed against or enforced. Roy, depending on the merits of his case, can make a successful appeal against the arbitration award and not against the arbitration itself.
Cooper Construction Company had a contract starting April 2015, to construct a $18,000,000 building that is expected to be completed in September 2017, at a total estimated cost of $16,500,000. At the end of 2015, the costs to date were $7,590,000 and the estimated total costs to complete had not changed. The progress billings during 2015 were $3,600,000 and the cash collected during 2015 was 2,400,000. For the year ended December 31, 2015, Cooper would recognize gross profit on the building of:_____________
Answer:
$690,000
Explanation:
Total gross profit on the contract = Total contract value - Total estimated cost = 18,000,000 -16,500,000 = $1,500,000
Total cost in 2015 = 7,590,000
Total % of completion in 2015 = Total cost in 2015 / Total cost of contract
Total % of completion in 2015 = 7,590,000/16,500,000
Total % of completion in 2015 = 0.46
Total % of completion in 2015 = 46%
Gross profit in 2015 = Total gross profit on contract * Total % of completion in 2015
Gross profit in 2015 = 1,500,000 * 46%
Gross profit in 2015 = $690,000
If total liabilities increased by $77000 during a period of time and stockholders’ equity decreased by $43500 during the same period, then the amount and direction (increase or decrease) of the period’s change in total assets is a(n)
Answer: Assets increased by $33,500
Explanation:
Assets = Liabilities + Equity
Liabilities increased by $77,000
Equity decreased by $43,500
Difference = 77,000 - 43,500
= $33,500
Assets increased by $33,500
Suppose that we observe two comparable properties that have each sold twice within the past four years. Property A sold 24 months ago for $500,000 and Property B sold 48 months ago for $575,000. If the two properties were sold today at $425,000 and $465,000, respectively, estimate the change in market conditions (percentage change in price) per month, assuming we equally weight the two properties in our analysis.
Answer:
0.475% per month
Explanation:
value of property A 24 months ago = $500,000
current value of property A = $425,000
total decrease in value = $500,000 - $425,000 = $75,000 or 15%
monthly % decrease:
1.15 = (1 + r)²⁴
²⁴√1.15 = (1 + r)
1.0058 = 1 + r
r = 0.00584 = 0.58% decrease per month
value of property B 48 months ago = $575,000
current value of property A = $465,000
total decrease in value = $575,000 - $465,000 = $110,000 or 19.13%
monthly % decrease:
1.1913= (1 + r)⁴⁸
⁴⁸√1.1913 = (1 + r)
1.0037 = 1 + r
r = 0.0037 = 0.37% decrease per month
if both properties are weighted equally, then the market decrease per month = (0.58% x 1/2) + (0.37% x 1/2) = 0.475% per month
Best Practices, Inc., is a management consulting firm. Its Corporate Division advises private firms on the adoption and use of cost management systems. Government Division consults with state and local governments. Government Division has a client that is interested in implementing an activity-based costing system in its public works department. The division’s head approached the head of Corporate Division about using one of its associates. Corporate Division charges clients $600 per hour for associate services, the same rate other consulting companies charge. The Government Division head complained that it could hire its own associate at an estimated variable cost of $200 per hour, which is what Corporate pays its associates. Required: a. What is the minimum transfer price that Corporate Division should obtain for its services, assuming that it is operating at capacity? b. What is the maximum price that Government Division should pay? c-1. Is there any change in minimum transfer price as referred in part (a), if Corporate Division had idle capacity? c-2. Is there any change in maximum transfer price as referred in part (b), if Corporate Division had idle capacity?
Answer: See explanation
Explanation:
a. What is the minimum transfer price that Corporate Division should obtain for its services, assuming that it is operating at capacity?
The minimum transfer price that should be obtained by Corporate Division for its services would be the market price for the services which will be:
= $600
b. What is the maximum price that Government Division should pay?
The maximum price that the government division should pay would be the estimated variable cost which will be:
= $200 per hour.
c. 1. Is there any change in minimum transfer price as referred in part (a), if Corporate Division had idle capacity? c-2. Is there any change in maximum transfer price as referred in part (b), if Corporate Division had idle capacity?
In a scenario whereby the Corporate Division had idle capacity, then part (a) would be $200 per hour and then (b) won't be effected.
Short notes on foods for bee
Answer:
The answer to this question varies depending on what their role is in the hive. For example, many worker bees eat the same exact foods such as honey, pollen, and nectar. However, the elusive queen bees (less common in a hive) are typically fed a different diet while growing up to change their overall larval development.
Answer:
This is about honey bees
Nectar is the main source of carbohydrates for honey bees. Therefore we have to plant flowers to ensure a well rounded diet all times of the year.
NOTE that: Honey is still the best thing to feed your bees however you can also give them
Sugar Syrup
Equity capital is....
a. paid back within one year.
b. not a loan but a form of stock.
c. a loan from family.
d. paid back after five years.
Answer:
b. not a loan but a form of stock.
Explanation:
Capital can either be equity or debt capital. Debt capital refers to borrowed funds either from the banks or other lenders.
Equity capital is the owner's contribution to the business. It is what the shareholders of the business have given to the business as capital. Equity is not a loan, nor is it meant to be refunded. It represents the owner's investment in the business.
One of the consequences of the U.S. trade deficit is that Multiple Choice domestic inflation has resulted. the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America. the distribution of income in the United States has become less unequal. the system of flexible exchange rates has been abandoned in favor of a new gold standard
Answer: the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.
Explanation:
Trade deficit is a situation whereby the expenses incurred is more than the revenue gotten.
One of the consequences of the U.S. trade deficit is that the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America.
g Corporation's cost formula for its bungalow operating cost is $2,960 per month plus $326 per day. For the month of December, the company planned for activity of 20 days, but the actual level of activity was 18 days. (ID#17794) The actual bungalow operating cost for the month was $9,770. Q) What would be the spending variance for Blonok985's bungalow operating cost in December (closest to)?
Answer: $942 U
Explanation:
Budgeted cost was $2,960 per month plus $326 per day and there were 18 days of actual activity.
Budgeted cost = 2,960 + 326 * 18
= $8,828
Variance = Budgeted cost - Actual cost
= 8,828 - 9,770
= -$942
Budgeted cost is less than Actual cost which means the Variance is UNFAVORABLE.
Mr Rolf Weasley has recently purchased $12,000 worth of shares in Perloins Ltd. Given
the relative risk exposure of Perloins Ltd., Rolf expects an annual rate of return on the
investment of 9% p.a. compounded at regular intervals of 4 months. Approximately how
much would Rolf expect to realise from the sale of his investment in 5 years from now?
Answer:
$18,695.61
Explanation:
The future value is calculated using the formula
Fv= PV(1 + i)^n
where Fv = Future value
Pv= present value: $12,000
i= interest rate : 9% or 0.09 per year: 4 months interests =0.09/12 x4 =0.03
n= 5 years: number of periods = 5 x 3 (12/4) periods = 15
Fv= $12,000 ( 1 + 0.03)^15
Fv= $12,000 x 1.5579674
Fv =$18,695.6089
Fv=$18,695.61
"We know that how we present data often can affect the audience’s conclusions about the data. In a recent article from Travel Weekly on the Department of Transportation’s on-time stats for airline arrivals, the argument is made that the airline industry pads its own statistics in order reap cost benefits, which may or may not be passed on to consumers. Is the reporting difference an ethical breach of confidence between the consumer and the industry?"
Answer:
The reporting difference is not an ethical breach of confidence between the consumer and the industry.
Explanation:
The information being presented is not confidential information. As a result, there is no ethical breach of confidence. Usually, such a lawsuit for breach of confidence is an action originating in common law concerning information between the airline and the consumers, when one of these parties decides to use the available confidential information for an unfair gain or advantage. This is not the case here between the airlines and the consumers of its services. Therefore, the case for breach of confidence should deal with the restriction of the dissemination of commercially viable information.
What are some ways that businesses can implement internal accounting controls
Answer:
Segregation of Duties in the Cash Receipts Cycle.
Systems Access and Security.
Safeguarding Assets.
Approval Process.
Review Process.
Explanation:
At the beginning of December, ABC Company had $1,500 in supplies on hand. During the month, supplies purchased amounted to $2,900, buy by the end of the month the supplies balance was only $2,200. What is the appropriate month-end adjusting entry
Answer and Explanation:
The adjusting entry is as follows:
Supplies expense Dr $2,200
To Supplies $2,200
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expenses and credited the supplies as it decreased the assets
The computation is
= Opening supplies + purchased - closing supplies
= $1,500 + $2,900 - $2,200
= $2,200
The following are Silver Corporation's unit costs of making and selling an item at a volume of 9,400 units per month (which represents the company's capacity): Manufacturing: Direct materials $ 3.00 Direct labor $ 4.00 Variable overhead $ 2.50 Fixed overhead $ 0.85 Selling and administrative: Variable $ 4.00 Fixed $ 1.25 Present sales amount to 6,400 units per month. An order has been received from a customer in a foreign market for 3,000 units. The order would not affect regular sales. Total fixed costs, both manufacturing and selling and administrative, would not be affected by this order. The variable selling and administrative costs would have to be incurred for this special order as well as all other sales. Assume that direct labor is a variable cost. Assume the company has 100 units left over from last year which have small defects and which will have to be sold at a reduced price for scrap. These units will be sold through regulare sales channels and the sale of these defective units will have no effect on the company's other sales. Which of the following costs is relevant in this decision?(A) $9.50 variable manufacturing cost(B) $10.35 unit product cost(C) $4.00 variable selling and administrative cost(D) $15.60 full cost
Answer:
C) $4.00 variable selling and administrative cost
Explanation:
Based of the information given the costs that is RELEVANT in this decision is the amount of $4.00 which is variable selling and administrative cost reason been that RELEVANT COSTS are cost that are tend to be incurred only in a situation when making a particular organization or business decison reason been that the costs are variable costs which will later change in the future due to the organization decison
ordan Industries declared a $0.90 per share cash dividend. The company has 180,000 shares authorized, 61,000 shares issued, and 58,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration
Answer:
Dividend = 58,000 * $0.90
Dividend = $52,200
Date Account titles and Explanation Debit Credit
Dividend declared $52,200
Dividend payable $52,200
(To record the dividend declaration)
Peggy Grey's Cookies has net income of $460. The firm pays out 37 percent of the net income to its shareholders as dividends. During the year, the company sold $91 worth of common stock. What is the cash flow to stockholders
Answer: $79.20
Explanation:
Cashflow to Stockholders is calculated by deducting the Common stock value from dividends;
= Dividends - common stock
= (37% * 460) - 91
= $79.20
Abigail purchases a 5-year, 10,000 bond that pays 3.5% annual coupons and matures at par. She pays 6,000 for the bond and also deposits the coupons into an account which earns 7.5% interest. What is her total yield rate on the 6000 investment once the bond matures
Answer:
the total yield rate on 6,000 investment is 14.9328%
Explanation:
The computation of the total yield rate is as follows:
= ((Annual coupon rate × bond ÷ interest earned percentgae × (1 + interest earned percentage - 1) + bond) ÷ (bond))^(1 ÷ time period) -1
= ((3.5% × 10,000 ÷ 7.5% × (1.075^5 - 1) + 10,000) ÷ (6,000))^(1 ÷ 5) - 1
= 14.9328%
Hence, the total yield rate on 6,000 investment is 14.9328%
The same is to be considered
An example of a discretionary fixed cost would be: Group of answer choices Taxes on the factory. Depreciation on manufacturing equipment Factory Liability Insurance required by state law Research and development
Answer:
Research and development
Explanation:
Fixed cost is cost that does not vary with output. It is cost that is incurred regardless of the units of output produced
Discretionary fixed cost is cost that is incurred at the discretion of the management of a company.
A company can decide to undertake research and development or not to. So, it is an example of discretionary fixed cost
Investment tax credits can increase investment, but stimulating investment is not a key to ending a recession. can increase investment, which is a key to ending a recession. cannot increase spending on investment goods, but stimulating investment is not a key to ending a recession. cannot increase spending on investment goods, but stimulating investment is a key to ending a recession.
Answer: b. can increase investment, which is a key to ending a recession.
Explanation:
Investment tax credits work when the government decides that businesses can deduct what they spent on investment from their taxes. This is an incentive to encourage them to invest more in various projects.
This is key to ending a recession because more investment creates jobs and increases production which will lead to economic growth which is the very antithesis of a recession.
Jose is offered a job in Riverside where the CPI is 80, and a job in Los Angeles, where things are a little more expensive and so the CPI is 200. Jose's job offer in Los Angeles is for $100,000. How much does the Riverside job have to pay in order for the two salaries to represent about the same purchasing power (Hint: use the CPIs given to convert Los Angeles dollars to Riverside dollars)
Answer:
$40,000
Explanation:
in real dollars, the job in Los Angeles pays $100,000 / 2.00 = $50,000
Since the CPI at Riverside is 80 (or 0.8), we need to solve the following equation:
$50,000 = X / 0.8 where X is the equivalent salary in Riverside
X = $50,000 x 0.8 = $40,000
this means that a $40,000 salary in Riverside is equivalent to a $100,000 salary in Los Angeles
In a periodic inventory system, which of the following accounts may be closed by debiting Cost of Goods Sold? a) Sales, Inventory (beginning), and Gross Profit. b) Sales, Inventory (beginning), and Cost of Goods Available for Sale. c) Inventory (beginning) and Purchases. d) Purchases and Inventory (ending)."
Answer:
c) Inventory (beginning) and Purchases.
Explanation:
When you use perpetual inventory system, you must record cost of goods sold every time you make a sale. But when you use a periodic inventory system, you close cost of goods sold with merchandise inventory account at the end of the period.
beginning inventory + purchases - ending inventory = cost of goods sold
Jasmine (29) is filing as a single taxpayer. In 2019, she received income from the following sources:
$36,000 in wages.
Unemployment income of $4,320.
$500 in gambling winnings from a winning lottery ticket.
Jasmine also paid $2,100 in eligible student loan interest during the year. She will claim the standard deduction.
Use Schedule 1 (Form 1040), Additional Income and Adjustments to Income.
Answer:
$38,720
Explanation:
From the given information:
Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.
The taxable income can be determined as follows:
Particulars Form Amount($)
Wages (Form 1040, Line 1) 36,000
Add: Unemployed Income Schedule 1, Line 7 4,320
Add: Gambling winning Schedule 1, Line 8 500
Total Income $40,820
Less: Student loan Interest Schedule 1, Line 20 2,100
Taxable income $38,720
g 2018: US Bond A is issued at par with annual coupon of 2% and maturity of 5 years with face value of $1,000. 2019: Interest rates increase in the market 2020: US Bond B is issued at par today with annual coupon of 5% and a maturity of 3 years with face value of $1,000.What should the price of Bond A be today, 2020, with 3 years left to maturity, so that its yield to maturity is equal to the yield to maturity on Bond B
Answer:
$918.48
Explanation:
price of bond A after the interest rate increased to 5% and the time to maturity is 3 years:
PV of face value = $1,000 / (1 + 5%)³ = $863.84
PV of coupon payments = $20 x 2.7232 (PV annuity factor, 5%, 3 periods) = $54.46
Market value of bond A = $863.84 + $54.46 = $918.48
Since the market rate is higher than the coupon rate, the bond will sell at a discount.
At the beginning of the year 2019, a town recorded General Fund property tax receivables of $600,000. By year-end (December 31), taxpayers had paid a total $575,000. Based on previous experience, the town expected to collect the $25,000 of delinquent taxes as follows: $15,000 in January and February of 2020 and $10,000 between March and August of 2020. How much should the town report as property tax revenue in its General Fund statements for the year 2019?
Answer:
omg
Explanation:
stock a has an expected return of 20%; stock b has an expected return of 5%, what is the ecpected return on a portfolio is comprised of 67% of stock a and 33% of stock b
Answer: 15.05%
Explanation:
Expected return is a weighted average of the individual returns of the composite stocks;
= (weight of A * return on A) + (weight on B * return on B)
= (67% * 20%) + (33% * 5%)
= 15.05%
Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price $ 178,000 Real estate commissions 15,300 Legal fees 1,100 Expenses of clearing the land 2,300 Expenses to remove old building 1,300 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building
Answer:
$198,000 and $0
Explanation:
The calculation is shown below:
The Cost of the land is
= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $178,000 + $15,300 + $1,100 + $2,300 + $1,300
= $198,000
As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost
hence, it would be zero
what is the meaning of building economics
Answer:chicken
Baby
Explanation:
Explanation:
building economics basically means ur building something in a good way whether its money or value in something it basically grows over time
Select the correct answer.
Approximately what portion of global employers tends to use social media websites to hire new employees?
O A.
30 percent
OB
40 percent
OC. 50 percent
OD
60 percent
O E.
70 percent
Reset
Next
Answer:
B is the answer
Explanation:
Balanced Scorecard for a service companyAmerican Express Company is a major financial services company, noted for its American Express® card. Below are some of the performance measures used by the company in its balanced scorecard follow:Average card member spendingCards in forceEarnings growthHours of credit consultant trainingInvestment in information technologyNumber of card choicesNumber of Internet featuresNumber of merchant signingsNumber of new card launchesReturn on equityRevenue growthFor each measure, identify whether the measure best fits the innovation, customer, internal process, or financial dimension of the balanced scorecard.Performance Measure AreaAverage card member spending Cards in force Earnings growth FinancialHours of credit consultant training Investment in information technology Number of card choices Number of Internet features Number of merchant signings Number of new card launches Return on equity Revenue growth
Answer:
Balanced Scorecard is a good measure for company's performance.
A list of measures is given against which American Express Company's performance can be measured which will benefit the company in improving their services and discarding if any service is not being benefited by their customers.
Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.
Explanation:
Balanced Scorecard is a good measure for company's performance.
A list of measures is given against which American Express Company's performance can be measured which will benefit the company in improving their services and discarding if any service is not being benefited by their customers.
Each Key performance indicator needs to have a good measure of performance, so that the performance can be calculated easily.