In addition to innovation, which strength can Accenture apply to help a global telecom solve security problems?
a.legitimacy and commercial experience
b.cadence expertise and closing experience
c.global experience and industry expertise
d.governance and tenancy knowledge

Answers

Answer 1

In addition to innovation, governance, and tenancy knowledge Accenture applies to help a global telecom solve security problems.

Irish-based Accenture is a provider of professional services. This business specializes in offering services in information technology, operations, strategy, and consulting. Accenture has the expertise to operate on even the most complicated customer issues and can find the most innovative solutions.

Accenture uses its expertise in governance, tenancy, and innovation to assist a multinational telecom with security issues. One of the biggest independent technology service companies around the globe is Accenture. The biggest technology businesses in the world, including Microsoft, and SAP, have partnered with this business. They are therefore familiar with every possible security issue that a telecom company may encounter.

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Related Questions

In the Excel, or spreadsheet, approach to recording financial transactions, if manufacturing overhead is underapplied by X dollars, the Manufacturing Overhead account is closed out by deducting X dollars in the Manufacturing Overhead column and deducting X dollars in the Retained Earnings column.

a. True
b. False

Answers

Answer:

False.

Explanation:

To close the underapplied Manufacturing Overhead account requires that the Cost of Goods Sold is debited, say with $100 while the Manufacturing Overhead account is credited with the same amount.  Underapplied Manufacturing Overhead account means that a debit balance is left after applying the overhead to production.  To close this debit, therefore, a credit entry is required to the manufacturing overhead account.  The corresponding debit entry goes to the Cost of Goods Sold, or this may be apportioned among Cost of Goods Sold, Finished Goods Inventory, and Work-in-Process, as may be the case.

Answer:

True.

Explanation:

On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,824. Cash receipts yet to be deposited into the checking account total $3,218, and checks written by the academy but not yet processed by the bank total $1,305. The company's balance of cash does not reflect a bank service fee of $23 and interest earned on the checking account of $34. These amounts are included in the balance of cash of $5,922 reported by the bank as of the end of August. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2021. (Amounts to be deducted should

Answers

Answer:

1. Bank balance per reconciliation $7,835

Company balance per reconciliation $7,835

2. August 31, 2021

Dr Cash $34

Cr Interest revenue $34

August 31, 2021

Dr Service fees expense $23

Cr Cash $23

Explanation:

1. Preparation of a bank reconciliation to calculate the correct ending balance of cash on August 31, 2021 .

BANK CASH BALANCE

Per bank statement $5,922

Add deposit outstanding $3,218

Less check Outstanding ($1,305)

Bank balance per reconciliation $7,835

COMPANY CASH BALANCE

Per general ledger $7,824

Less service fees ($23)

Interest earned $34

Company balance per reconciliation $7,835

Therefore the correct ending balance of cash on August 31, 2021 will be :

Bank balance per reconciliation $7,835

Company balance per reconciliation $7,835

2.Preparation of the necessary entries to adjust the balance for cash

August 31, 2021

Dr Cash $34

Cr Interest revenue $34

August 31, 2021

Dr Service fees expense $23

Cr Cash $23

Ridgewood, Inc. manufactures upholstery fabric and uses process costing. In the Weaving Department, direct materials are added at the beginning of the process, and conversion costs are added evenly throughout the process. During the month, the Weaving Department used $280,000 of direct materials and $70,000 of conversion costs. At the end of the month, 10,000 equivalent units of direct materials and 9,000 equivalent units of conversion costs had been used. What is the cost per equivalent unit for conversion costs

Answers

Answer:

See below

Explanation:

A forklift will last for only 2 more years. It costs $5,000 a year to maintain. For $20,000 you can buy a new lift that can last for 10 years and should require maintenance costs of only $2,000 a year. a-1. Calculate the equivalent cost of owning and operating the forklift if the discount rate is 4% per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a-2. Should you replace the forklift

Answers

Answer:

The equivalent cost of owning and operating the forklift is $4,465.82

We should replace the forklift.

Explanation:

The Equivalent annual cost can be calculated using the following formula

Equivalent annual cost = PV of cost / Annuity factor

Old forklift

PV of Cost = Annual cost x 2 years Annuity factor at 4% / 2 years Annuity factor at 4%

Hence

PV of cost = Annual cost = $5,000

New forklift

10 years Annuity factor at 4% = 1 - ( 1 + 4%)^-10 )/4% = 8.11090

PV of cost = ( Annual Cost x 10 years Annuity factor at 4% ) + Initial cost

PV of cost = ( $2,000 x 8.11090 ) + $20,000

PV of cost = 16,221.79 + $20,000

PV of cost = 36,221.79

Placing values in the formula

Equivalent annual cost = $36,221.79 / 8.11090

Equivalent annual cost = $4,465.82

As the equivalent annual cost of the new lift is lower than the the old one, we should replace the forklift

Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.

Data for July:

Work-in-process inventory, July 1 (40,000 units):
Direct materials (92% completed) $122,800
Conversion (58% completed) 77,250
Balance in work in process inventory, July 1 $200,050
Units started during July 94,000
Units completed and transferred 109,600
Work-in-process inventory, July 31:
Direct materials (92% completed) 24,400
Conversion (58% completed) Cost incurred during July:
Direct materials $184,000
Conversion costs 292,000

Required:
a. Cost per equivalent unit for materials under the weighted-average method is calculated to be:______
b. Cost per equivalent unit for conversion under the FIFO method is calculated to be:_______

Answers

Answer:

a. $2.32

b. $2.92

Explanation:

Part a

Equivalent Units

Completed and Transferred 109,600 x 100%    109,600

Ending Work In Process 24,400 x 92%               22,448

Equivalent Units with respect to Materials         132,048

Total Materials Cost

Materials cost Beginning Work in Process       $122,800

Add Material Cost incurred during the year     $184,000

Total Material Costs                                           $306,800

Cost per equivalent unit  = Total Materials Cost  ÷ Equivalent Units

                                          = $306,800 ÷ 132,048

                                          = $2.32

Part b

Equivalent Units

To finish OWIP 40,000 x 42%                                           16,800

Started and Completed  (109,000 - 40,000) x 100        69,000

Closing Work in Progress 24,400 x 58%                          14,152

Equivalent units with respect to conversion cost           99,952

Total Conversion Cost

Conversion Cost incurred during the year    $292,000

Total Material Costs

Cost per equivalent unit  = Total Conversion Cost  ÷ Equivalent Units

                                          = $292,000 ÷ 99,952

                                          = $2.92

Mike Greenberg opened Cheyenne Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.
July 1 Issued 9,800 shares of common stock for $9,800 cash.
1 Purchased used truck for $6,560, paying $1,640 cash and the balance on account.
3 Purchased cleaning supplies for $740 on account.
5 Paid $1,440 cash on a 1-year insurance policy effective July 1.
12 Billed customers $3,030 for cleaning services performed.
18 Paid $820 cash on amount owed on truck and $410 on amount owed on cleaning supplies.
20 Paid $1,640 cash for employee salaries.
21 Collected $1,310 cash from customers billed on July 12.
25 Billed customers $2,050 for cleaning services performed.
31 Paid $240 for maintenance of the truck during month.
31 Declared and paid $490 cash dividend.
Journalize the July transactions.
Post to the ledger accounts.
Prepare a trial balance at July 31.
Journalize the following adjustments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
(1) Services performed but unbilled and uncollected at July 31 were $1,750.
(2) Depreciation on equipment for the month was $202.
(3) One-twelfth of the insurance expired.
(4) An inventory count shows $320 of cleaning supplies on hand at July 31.
(5) Accrued but unpaid employee salaries were $415.

Answers

Answer:

Cash (Dr.) $9.800

Common Stock (Cr.) $9,800

Truck (Dr.) $6,560

Cash (Cr.) $1,640

Accounts Payable -Truck (Cr.) $4,920

Cleaning Supplies (Dr.) $740

Accounts Payable (Cr.) $740

Prepaid Insurance (Dr.) $1,440

Cash (Cr.) $1,440

Accounts Receivable (Dr.) $3,030

Service Revenue (Dr.) $3,030

Accounts Payable - Truck (Dr.) $820

Accounts Payable - Supplies (Dr.) $410

Cash (Cr.) $1,230

Cash (Dr.) $1,310

Accounts Receivable (Cr.) $1,310

Maintenance Expense Truck (Dr.) $240

Cash (Cr.) $240

Dividend paid (Dr.) $490

Cash (Cr.) $490

Explanation:

1) Accounts Receivable (Dr.) $1,750

Service Revenue (Cr.) $1,750

2) Depreciation expense (Dr.) $202

Accumulated Depreciation (Cr.) $202

3) Insurance Expense (Dr.) $120

Prepaid Insurance (Cr.) $120

4) Ending Inventory (Dr.) $320

Cleaning Supplies (Cr.) $320

5) Salaries Expense (Dr.) $415

Salaries Payable (Cr.) $415

Whether to pay a lawmaker for giving a speech at your company is an ethical
dilemma that deals with
O A. lobbying
B. awarding honoraria
c. professional standards
D. gift giving

Answers

Answer: D

Explanation:

Answer:

D. gift giving

Explanation:

Defaulting on a bond most nearly means
the bond issuer cannot pay the promised amount
O the bond issuer pays a percentage of the bond's value
O the bond holder sells the bond on the secondary market
O the bond's rating has decreased

Answers

the bond issuer cannot pay the promised amount

In January, Harry and Belinda Johnson had $10,660 in monetary assets: $1,100 in cash on hand; $1,200 in a statement savings account at First Credit Union earning 1.0 percent interest; $4,000 in a statement savings account at the Far West Savings Bank earning 1.1 percent interest; $2,260 in Homestead Credit Union earning a dividend of 1.3 percent; and $2,100 in their regular checking account at First Credit Union earning 1 percent.
If the Johnsons could put most of their monetary assets ($10,660) into a money market account earning 2.3 percent, how much would they have in the account after one year? Round your answer to the nearest dollar.

Answers

Answer:

the  amount after one year is $10,905

Explanation:

The computation of the amount after one year is shown below:

= Monetary assets ×(1 + earning interest)

= $10,660 × (1 + 0.023)

= $10,660 × 1.023

= $10,905

Hence, the  amount after one year is $10,905

We simply applied the above formula

what are the consequences of bad netiquette​

Answers

Answer:

it can make people or students uncomfortable

student will feel irritation

students will feel embracement in front of many students

Explanation:

Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year: Direct materials $ 1,000 Direct labor $ 3,000 Sales commissions $ 4,000 Salary of production supervisor $ 2,000 Indirect materials $ 400 Advertising expense $ 800 Rent on factory equipment $ 1,000 Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be:

Answers

Answer:

$3.40 per machine-hour

Explanation:

Calculation for what The predetermined overhead rate per hour will be:

First step is to calculate the Total estimated manufacturing overhead

Manufacturing overhead:

Salary of production supervisor $2,000

Indirect materials $400

Rent on factory equipment$1,000

Total estimated manufacturing overhead $3,400

Now let calculate the Predetermined overhead rate using this formula

Predetermined overhead rate=Total estimated manufacturing overhead/Estimated machine-hours

Let plug in the formula

Predetermined overhead rate=$3,400/1,000

Predetermined overhead rate=$3.40 per machine-hour

Therefore The predetermined overhead rate per hour will be:$3.40 per machine-hour

-At which point are you producing all running shoe
inserts and no hiking boot inserts?

-Which production point would be a goal for the future
but cannot be attained now?

Answer is A,X

Answers

Answer:

the guy above is right trust me (kid in all cp classes)

Explanation:

but yea he is correct

A corporation wishes to determine the fixed portion of its maintenance expense (a semivariable expense), as measured against direct labor hours, for the first 3 months of the year. The inspection costs are fixed; the adjustments necessitated by errors found during inspection account for the variable portion of the maintenance costs. Information for the first quarter is as follows:

Direct Labor Hours Maintenance Expense
January 34,000 $610
February 31,000 $585
March 34,000 $610

Required:
What is the fixed portion of Jacob's maintenance expense, rounded to the nearest dollar?

a. $283
b. $327
c. $258
d. $541

Answers

Answer:

b. $327

Explanation:

The computation of the fixed portion is shown below:

But before that variable maintenance expense per direct labor is

= ($610 - $585) ÷  (34000 hours - 31000 hours)

= $0.00833 per direct labor hour

Now

Total variable expense for 34,000 hours is

= $0.00833 × 34000

= $283

And, finally Fixed portion is

= $610 - $283

= $327

During the first month (April 20--), the following transactions occurred.

a. Invested cash in business, $18,000.
b. Bought office supplies for $4,600: $2,000 in cash and $2,600 on account.
c. Paid one-year insurance premium, $1,200.
d. Earned revenues totaling $3,300: $1,300 in cash and $2,000 on account.
e. Paid cash on account to the company that supplied the office supplies in transaction (b), $2,300.
f. Paid office rent for the month, $750.
g. Withdrew cash for personal use, $100.

Required:
Show the effect of each transaction on the individual accounts.

Answers

The effects of the transactions on the individual accounts are:

a. Increase in cash and Capital by $18,000b. Increase in office supplies of $4,600; increase in liabilities of $2,600; decrease in Cash $2,000c. Increase in prepaid insurance $1,200 and decrease in cash $1,200d. Increase in cash $1,300; Increase in accounts receivable $2,000 and increase in revenue $3,300e. Decrease in cash $2,300; decrease in accounts payable $2,300f. decrease in cash $750; increase in expenses $750g. decrease in cash $100; increase in Drawings $100

What was the effect on individual accounts?

The cash account will decrease whenever money is used to pay for a good or service and when it needs to pay expenses.

It will increase when there is cash revenue and when there is an investment of capital.

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sally borrowed $1000 from her friend monique two years ago. their arrangement required sally to repay $250 each year for the subsequent four years. Today with two paymewnts remaining on the loan, Sally offers to repay the loan with a single payment of $475. Assuming no change in interest rates throughout the entire time, should monique accept the signle $475 payment today, why or why not

Answers

Answer:

a

Explanation:

Here are the options to this question :

A. yes, 475 is more than the PV of the two remaining payments

B. More information is needed to decide

C. Monique is indifferent between the options, the PVs are equivalent

D. No, the PV of the remaining two payments is more than 475

We have to determine the present value of the remaining two payments and compare the options

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 0

Cash flow in year 2 = 0

Cash flow in year 3 = 250

Cash flow in year 4 = 250

I = 2%

PV = $466.54

$475  is greater than $466.54. Therefore, she should accept the single $475 payment

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Wayne ($ in millions)Corporation Enterprises Current assets:Cash and cash equivalents $499 $285 Current investments 7 530 Net receivables 751 206 Inventory 10,586 8,609 Other current assets 1,344 255 Total current assets $13,187 $9,885 Current liabilities:Current debt $8,621 $4,451 Accounts payable 1,807 1,061 Other current liabilities 1,179 2,381 Total current liabilities $11,607 $7,893 Required:1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.)

Answers

Answer: See explanation

Explanation:

We should note that the current ratio is calculated as:

= Current assets / Current liabilities

Therefore, the current ratio for ACME Corporation will be:

= Current assets / Current liabilities

= $13,187 / $11,607

= 1.136

The current ratio for Wayne Enterprises will be:

= Current assets / Current liabilities

= $9,885 / $7,893

= 1.25

A corporation had the following assets and liabilities at the beginning and end of this year.
Assets Liabilities
Beginning of the year $57,000 $24,436
End of the year 115,000 46,575
A. Owner made no investments in the business, and no dividends were paid during the year.
B. Owner made no investments in the business, but dividends were $1,500 cash per month.
C. No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock.
D. Dividends were $1,500 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock.
Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases.

Answers

Answer:

Net Income / Net Loss:

Scenario A    $35,888 (-58,000 + 22,112)

Scenario B    $37,088 (-58,000 + 22,112 + 1,500)

Scenario C      -$9,112 (-58,000 + 45,000 + 22,112)

Scenario D      $17,112 (-58,000 + 35,000 + 22,112 + 18,000)

Explanation:

a) Data and Calculations:

                 Beginning   Ending  

Assets       $57,000   $24,463

Liabilities    115,000      46,575

Equity        (58,000)   ($22,112)

Net Income / Net Loss:

Scenario A    $35,888 (-58,000 + 22,112)

Scenario B    $37,088 (-58,000 + 22,112 + 1,500)

Scenario C      -$9,112 (-58,000 + 45,000 + 22,112)

Scenario D      $17,112 (-58,000 + 35,000 + 22,112 + 18,000)

b) The net income is the difference between the beginning equity plus new investments and the ending equity and dividends.

The Case: The hairdressing industry in Pakistan is flourishing day by day. There are certainly lots of hairdressers and each of the hairdressers has a slightly different type of skill. Some salons only cut, some only provide color services, some only do natural hair, some do all types, etc. Also, they have different premises situated in a different location where they provide the services. The prices offered by the hairdresser depend on the services offered by them and its uniqueness. If the particular hairdresser is known for providing the best services in the particular market then he can increase the prices of his services as he knows that consumers can pay slightly more amount of money for his superior services. There is relatively a low barrier for entry and exit for setting up a new hairdresser shop. Requirement: Read the above scenario and explain in which market structure ‘the hairdressing industry’ falls and how?

Answers

Answer:

The Hairdressing Industry in Pakistan

The market structure of "the hairdressing industry" falls under Monopolistic Competition.  The features of this market structure include: many hairdresser shops, low barriers for entry and exit for setting up a new hairdresser shop, the hairdressing services are not perfect substitutes, and the pricing decisions of any one shop do not impact others.

Explanation:

In a monopolistic competition, each firm is differentiated from others by distinct goods and services.  This situation is enhanced in a services industry, where different skills are employed to further differentiate each firm's services from the others. While the products and services may look similar, one cannot actually substitute one for the other.  Therefore, each firm can charge different prices for their distinct products and services without being influenced by the other firms, unless through a cartel arrangement.

On August 31, the balance sheet of Bramble Veterinary Clinic showed Cash $12,000, Accounts Receivable $4,700, Supplies $600, Equipment $6,000, Accounts Payable $6,600, Common Stock $16,050, and Retained Earnings $650. During September, the following transactions occurred.

1. Paid $3,500 cash for accounts payable due.
2. Collected $2,050 of accounts receivable.
3. Purchased additional equipment for $2,350, paying $900 in cash and the balance on account.
4. Performed services worth $7,900, of which $2,550 is collected in cash and the balance is due in October.
5. Declared and paid a $2,250 cash dividend.
6. Paid salaries $2,100, rent for September $1,150, and advertising expense $100.
7. Incurred utilities expense for month on account $180.
8. Received $12,000 from Capital Bank on a 6-month note payable.

Required:
Prepare a tabular analysis of the September transactions beginning with August 31 balances.

Answers

Answer:

Total Assets = Total Liabilities + Total Owner's Equity = $35,550

Explanation:

Note: See the attached excel file for the tabular analysis of the September transactions beginning with August 31 balances.

In the attached excel file, Evidence that Assets Equal Liabilities Plus Stockholders' Equity is prepared below the tabular analysis to show that the accounting equation holds as follows:

Total Assets = Total Liabilities + Total Owner's Equity = $35,550

In the attached excel file, the following calculations are performed:

1. Under Transaction 3: Accounts Payable ($) = $2,350 - $900 = $1,450

2. Under Transaction 4: Accounts Receivable = $7,900 - $2,550 = $5,350

The most recent financial statements for Schenkel Co. are shown here:

Income Statement Balance Sheet
Sales $14,100 Current assets $10,800 Debt $15,300
Costs 8,300 Fixed assets 26,000 Equity 21,500
Taxable income $5,800 Total $36,800 Total $36,800
Taxes (40%) 2,320
Net income $3,480

Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible.

Required:
What is the sustainable growth rate?

Answers

Answer:

12.78%

Explanation:

Calculation for What is the sustainable growth rate

First step is to calculate ROE

Using this formula

ROE = NI / TE

Let plug in the formula

ROE = $3,480 / 21,500

ROE = .1619*100

ROE= 16.19%

Second step is to calculateThe plowback ratio b

Plowback ratio b = 1 - .30

Plowback ratio b = .70

Now let calculate the sustainable growth rate using this formula

Sustainable growth rate = (ROE × b) / [1 - (ROE × b)]

Let plug in the formula

Sustainable growth rate = [. 1619(.70)] / [1 - . .1619(.70)]

Sustainable growth rate=0.11333/(1-0.11333)

Sustainable growth rate=0.1133/0.88667

Sustainable growth rate = .1278*100

Sustainable growth rate=12.78%

Therefore the sustainable growth rate will be 12.78%

What should you do first to best use your personal goals as a means for a promotion

Answers

Answer:

The solution to this question can be defined as follows:

Explanation:

To achieve any goal, first of all, we need to make a quite high range of the ambition and after preparing the ambition we need to get hard work to achieve that goal. we must not be lazy, in another word we can say that laziness will make a boundary, that we can't pass. If we want to get the goal is to be promoted by using personal goals. that's why we suggest that the separate your personal and work goals, and try to work hard to achieve the goal.

Cynthia Co. exchanged Building 24 which has an appraised value of $4,800,000, a cost of $7,600,000, and accumulated depreciation of $3,619,000 for Building M belonging to Waterway Co. Building M has an appraised value of $4,560,000, a cost of $9,096,000, and accumulated depreciation of $4,747,000. The correct amount of cash was also paid. Assume depreciation has already been updated.
Prepare the entries on both companies' books assuming the exchange had no commercial substance.

Answers

Answer:

See the journal entries below.

Explanation:

In the Book of Cynthia Co.

Book value of Building 24 = Cost of Building 24 - Accumulated depreciation of Building 24 = $7,600,000 - $3,619,000 = $3,981,000

Gain on disposal of Building 24 = Building 24 an appraised value of - Book value of Building 24 = $4,800,000 - $3,981,000 = $819,000

Basis for Building M = Building M appraisal value - Gain on disposal of Building 24 = $4,560,000 - $819,000 = $3,741,000

Cash = Accumulated Depreciation of Building 24 + Basis for Building M - Cost of Building 24 -  Gain on Disposal of Building 24 = $3,619,000 + $3,741,000 - 7,600,000 - $819,000 = $1,059,000

The journal entries will look as follows:

Accounts Title                                 Debit ($)                   Credit ($)      

Accumulated Depreciation           3,619,000

Building M                                       3,741,000

Cash                                                1,059,000

  Building 24                                                                   7,600,000

  Gain on Disposal                                                             819,000

To record the exchange of Building 24 for Building M from Waterway Co.

In the Book of Waterway Co.

Building 24 = Building M cost + Cash - Building M depreciation = $9,096,000 + $1,059,000 - $4,747,000 = $5,408,000

The journal entries will look as follows:

Accounts Title                                 Debit ($)                   Credit ($)      

Accumulated Depreciation           4,747,000

Building 24                                    5,408,000                            

  Building M                                                                    9,096,000

  Cash                                                                              1,059,000

To record the exchange of Building M for Building 24 from Cynthia Co.

the majority of retailers are what​

Answers

small businesses is what i believe it is, not a lot of context..

Kingbird Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a current or long-term liability.

1. On December 15, 2020, Kingbird declared a cash dividend of $2.30 per share to stockholders of record on December 31. The dividend is payable on January 15, 2021. Kingbird has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury.
2. At December 31, bonds payable of $114,286,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $28,571,500 every September 30, beginning September 30, 2021.
3. At December 31, 2019, customer advances were $12,485,000. During 2020, Kingbird collected $32,673,000 of customer advances; advances of $27,486,000 should be recognized in income.

Required:
For each item above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any.

Answers

Answer:

1. Dividend payable = (1,00,000 shares - 50,000 shares) shares * $2.30 per shares = $2,185,000 will be reported as current liability (payable within 1 year)

2. Bonds payable (September 30, 2021 installment)= $28,571,500 and interest on bonds = ($114,286,000*12%*3/12) = $3,428,580 are current liabilities whereas Bonds payable (Other than September 30, 2018 installment) =($114,286,000 - $28,571,500) = $85,714,500 are long term liabilities.

3. Customer advances = ($12,485,000 + $32,673,000 - $27,486,000) = $17,672,000 are current liabilities.

In the FASB ASC, Sections are standardized across all Subtopics. For example, Section 20 will be the Glossary section in every Subtopic. Match the Section number with the appropriate description of the Section below. (Note: Not all Section numbers have been included, and not all of the descriptions will be used.)
- 05 - 25 - 30 - 35 - 50 - 65
A. Scope and Scope Exceptions
B. Recognition
C. Subsequent Measurement
D. Initial Measurement
E. XBRL Elements
F. Disclosure
G. Transition and Open Effective Date Information
H. Overview and Background
I. Implementation Guidance and Illustrations
J. Measurement

Answers

Answer:

A. 25

B. 50

C.05

D. 25

E. 30

F. 65

G. 35

H. 05

I. 25

J. 05

Explanation:

FASB is Financial Accounting Standard Board which reviews the standards and monitors its implementation after their issuance. The main purpose of FASB is to improve the financial accounting standards. It is single source of authoritative generally accepted accounting practices.

probability
find the probability ​

Answers

Answer:

i think 7 jahahhhaa

According to the substitution effect of labor supply, when the wage rate goes up: Group of answer choices it becomes more costly to consume leisure, so people will work more. it becomes less costly to consume leisure, so people will work more. the opportunity cost of enjoying leisure goes down. firms will hire more workers since people are more willing to work.

Answers

It becomes more costly to consume leisure—i.e., when wages rise, the cost of not working to earn those higher wages also rises.

According to the substitution effect of labor, firms would hire more workers because people are more willing to work more.

The substitution effect of labor tells us that as income is raised, people would be more willing to give up leisure hours to work more.

This is due to the fact that they would earn more money for the extra hours that they would have spent on leisure.

There would be more willingness to work and the firms would have more people to hire.

Read more on the substitution effect here:

https://brainly.com/question/1319399

A machine at a cost of $5,000 was purchased 3 years ago. It can be sold now for $3,000. If the machine is kept, the annual operating and maintenance costs will be $1,500. If it is kept and operated for next five years, determine the amount at time 0 (now) equivalent to the cost of owning and operating the machine for the next five-year period. It is anticipated that the machine can be sold for $1,000 at the end of the five-year period. Use an interest rate of 10%

Answers

Answer:

$10,065.26

Explanation:

First, we need to calculate the present value of machine operating cost using the following formula

PV of operating cost = Yearly Operating cost x ( 1 - ( 1 + Interest rate )^-numbers of years ) / Interest rate

Where

Yearly operating cost = $1,500

Interest rate = 10%

Numbers of years = 5 years

Placing values in the formula

PV of operating cost = $1500 x ( 1 - ( 1 + 10% )^-5 ) / 10%

PV of operating cost  = $5,686.18

Now calculate the present vlaue of salvahge value

PV of SAlvage value = Slavage value / ( 1 + Interest rate )^Numbers of years

where

Salvage Value = $1,000

Interest rate = 10%

Numbers of years = 5 years

PLacing values in the formula

PV of SAlvage value = $1,000 / ( 1 + 10% )^5

PV of SAlvage value = $620.92

Net cost at time 0 = Initial purchase cost + PV of operating cost - Present value of salvage value = $5,000 + $5,686.18 - $620.92 = $10,065.26

Games Galore Corporation hires Amanda, a minor, to create new customized game software for certain clients. Amanda signs a contract that requires her to work for Games Galore for eighteen months. Before beginning work, however, Amanda tells Games Galore that she will not create new software for Games Galore and that she is going to work for Ideal Worldcraft, Inc., a Games Galore competitor. Answer the following questions, providing the reasoning/analysis behind your conclusions, i.e. list the applicable rule/law, and apply the facts to the rule to reach a conclusion. You can also argue in the alternative.
(a) Is Games Galore’s contract with Amanda enforceable?
(b) Why or why not?

Answers

Answer and Explanation:

According to the question the contract is valid but the same would not be enforceable as Amanda is a minor. As a minor her consent is not valid completely but if there is any violation on Games Galore so the same would be penalized that results the contract to be enforceable. For minors, the guardian is necessary

So being a minor the contract would not be enforceable although she accepts the terms and condition of 18 months

Calculating Earnings per Share Little, Inc., reported earnings of $162,000 for 2013, and at the end of the year, had the following securities outstanding: 60,000 shares of common stock. (The year-end share price was $25 per share). Employee stock options for the purchase of 8,000 common shares at an exercise price of $22 per share. (The options are fully vested).
(a) Calculate the basic earnings per share for Little, Inc. for 2013. Round to two decimal places.
(b) Calculate the diluted earnings per share for Little, Inc. for 2013. Round to two decimal places.

Answers

Answer:

(a) Basic earnings per share = $2.70 per share

(b) Diluted earnings per share = $2.38 per share

Explanation:

(a) Calculate the basic earnings per share for Little, Inc. for 2013. Round to two decimal places.

Basic earnings per share = Earnings / Number of shares of common stock .......... (1)

Where;

Earnings = $162,000

Number of shares of common stock = 60,000

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

Basic earnings per share = $162,000 / 60,000 = $2.70 per share

(b) Calculate the diluted earnings per share for Little, Inc. for 2013. Round to two decimal places.

Diluted earnings per share = Earnings / (Number of shares of common stock +  Number of common shares for employee stock options) ............ (2)

Where;

Earnings = $162,000

Number of shares of common stock = 60,000

Number of common shares for employee stock options = 8,000

Substituting the values into equation (2), we have:

Diluted earnings per share = $162,000 / (60,000 + 8,000) = $162,000 / 68,000 = $2.38 per share

Answer: See Explanation

Explanation:

a. Calculate the basic earnings per share for Little, Inc. for 201

(Net income - Preferred stock dividend) / Weighted SVF shaers of the common stock outstanding

= ($162,000 - 0) / 60,000

= $162000 / 60000

= $2.70

b. Calculate the diluted earnings per share for Little, Inc. for 2013

= ($162,000 - 0) / (60,000+8,000)

= $162000 / 68000

= $2.38

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