n California, any apartment building with this many units must have an onsite manager, who is also known as a residential manager. What is the number of units to which this statement refers? Ten or more. Twelve or more. Sixteen or more. Twenty or more+.

Answers

Answer 1

Answer:

Sixteen or more.

Explanation:

It is mandatory by law in California to have an onsite manager, housekeeper, janitor, or another responsible person reside in a building with more than 16 apartments.  Onsite means the manager or caretaker must be a resident in the building complex. The manager's role is to attend to the tenant's needs and offer protection to their properties. This requirement applies if the landlord is not a resident in the apartment building.


Related Questions

Allen Air Conditioning manufactures room air conditioners at plants in Houston, Phoenix, and Memphis. These are sent to regional distributors in Dallas, Atlanta, and Denver. The shipping costs vary, and the company would like to find the least-cost way to meet the demands at each of the distribution centers. Dallas needs to receive 800 air conditioners per month, Atlanta needs 600, and Denver needs 200. Houston has 850 air conditioners available each month, Phoenix has 650, and Memphis has 300. The shipping cost per unit from Houston to Dallas is $8, to Atlanta $12, and to Denver $10. The cost per unit from Phoenix to Dallas is $10, to Atlanta $14, and to Denver $9. The cost per unit from Memphis to Dallas is $11, to Atlanta $8, and to Denver $12.

Required:
a. How many units should owner Stephen Allen ship from each plant to each regional distribution center?
b. What is the total transportation cost?

Answers

Answer:

$14700

Explanation:

Given that:

i. Dallas needs 800 per month

ii. Atlanta needs 600 per month

iii. Denver needs 200 per month

iv. Houston has 850 available per month

v. Phoenix has 650 available per month

vi. Memphis has 300 available per month

Assuming that a plant can deliver air conditioners to more than one regional distributor in a month. Then;

a. For least-cost way to meet the demand, Stephen Allen could ship the air conditioners to each regional distributors as follows:

From Houston to Dallas = 800 units

From Houston to Atlanta = 50 units

From Phoenix to Atlanta = 250 units

From Memphis to Atlanta = 300 units

From Phoenix to Denver = 200 units

Total units transported = 1600 units

b. Cost per transportation:

Houston to Dallas = $8 x 800  = $6400

Houston to Atlanta = $12 x 50 = $600

Phoenix to Atlanta = $14 x 250 = $3500

Memphis to Atlanta = $8 x 300 = $2400

Phoenix to Denver = $9 x 200 = $1800

Total transportation cost = $6400 +$600 + $3500 + $2400 + $1800

                                         = $14700

The total transportation cost would be $14700.

Cost of Goods Sold and Income Statement Schuch Company presents you with the following account balances taken from its December 31 adjusted trial balance:

Inventory, January 1 $40,000 Purchases returns $3,500
Selling expenses 35,000 Interest expense 4,000
Purchases 110,000 Sales discounts taken 2,000
Sales 280,000 Gain on sale of property (pretax) 7,000
General and administrative expenses 22,000 Freight-in 5,000

Additional data:
1. A physical count reveals an ending-inventory of $22,500 on December 31.
2. Twenty-five thousand shares of common stock have been outstanding the entire year.
3. The income tax rate is 30% on all items of income.

Required:
a. As a supporting document for Requirements 2 and 3, prepare a separate schedule for Schuch's cost of goods sold.
b. Prepare a 2013 multiple-step income statement.
c. Prepare a 2013 single-step income statement.

Answers

Answer:

Schuch Company

a) Schedule of Cost of Goods Sold

Inventory, January 1                      $40,000

Purchases                                       110,000

Purchases returns                           -3,500  

Freight-in                                           5,000

Cost of goods available for sale $151,500

less Inventory, December 31         22,500

Cost of goods sold                     $129,000

b) Multi-step Income Statement

For the year ended December 31, 2013:

Net Sales Revenue                    $278,000

Cost of Goods Sold                      129,000

Gross profit                                $149,000

Expenses:

Selling expenses          35,000

General & admin exp.  22,000    57,000

Operating profit                         $92,000

Interest expense                            4,000

Income after interest expense $88,000

Gain on sale of property (pretax)  7,000

Comprehensive income before tax $95,000

Income Tax (30%)                                28,500

Net income                                       $66,500

EPS = $2.66

c) Single-step Income Statement

For the year ended December 31, 2013:

Net Sales Revenue                    $278,000

Gain on sale of property (pretax)    7,000

Total revenue and gains          $285,000

Cost of Goods Sold     129,000

Selling expenses          35,000

General & admin exp.  22,000

Interest expense            4,000

Total expenses                         $190,000

Income before taxes                 $95,000

Income Taxes (30%)                    28,500

Net income                                $66,500

EPS = $2.66

Explanation:

a) Data and Calculations:

December 31 adjusted trial balance:

Inventory, January 1 $40,000

Purchases returns $3,500

Selling expenses 35,000

Interest expense 4,000

Purchases 110,000

Sales discounts taken 2,000

Sales 280,000

Gain on sale of property (pretax) 7,000

General and administrative expenses 22,000

Freight-in 5,000

Additional data:

Ending Inventory $22,500

Common Stock outstanding = 25,000

Income tax rate = 30%

Sales                       $ 280,000

Sales discounts taken   2,000

Net Sales Revenue $278,000

Differentiate between piecemeal and time related salary determination methods

Answers

use this link

https://brainly.com/question/18427994

Crow earned $585.15 during the week ended March 1, 20--. Prior to payday, Crow had cumulative gross earnings of $4,733.20. Round your answers to the nearest cent. a. The amount of OASDI taxes to withhold from Crow's pay is $ . b. The amount of HI taxes to withhold from Crow's pay is

Answers

Answer:

A. $36.28

B. $8.48

Explanation:

a. Calculation for the amount of OASDI taxes to withhold from Crow's pay

OASDI taxes is 6.2%

Hence,

OASDI taxes to withhold = 585.15*0.62

OASDI taxes to withhold = $36.28

Therefore the OASDI taxes to withhold from Crow's pay is $36.28

b. Calculation for the amount of HI taxes to withhold from Crow's pay

HI taxes is 1.45%

Hence,

HI taxes to withhold =585.15*0.0145

HI taxes to withhold=$8.48

Therefore HI taxes to withhold from Crow's pay is $8.48

Allen Air Conditioning manufactures room air conditioners at plants in Houston, Phoenix, and Memphis. These are sent to regional distributors in Dallas, Atlanta, and Denver. The shipping costs vary, and the company would like to find the least-cost way to meet the demands at each of the distribution centers. Dallas needs to receive 800 air conditioners per month, Atlanta needs 600, and Denver needs 200. Houston has 850 air conditioners available each month, Phoenix has 650, and Memphis has 300. The shipping cost per unit from Houston to Dallas is $8, to Atlanta $12, and to Denver $10. The cost per unit from Phoenix to Dallas is $10, to Atlanta $14, and to Denver $9. The cost per unit from Memphis to Dallas is $11, to Atlanta $8, and to Denver $12. 14700.

Required:
a. Based on the given demand and​ supply, the given transportation problem is ________
b. Before finding the initial​ solution, a dummy_____________ should be introduced.
c. The total cost of the optimal solution​ =____________

Answers

Answer:

(A) An optimization problem

(B) Variable

(C) $14,700

Explanation:

HOUSTON, PHOENIX, MEMPHIS ----- DALLAS, ATLANTA, DENVER

    |                     |                  |                        |               |                 |

  850               650            300                 800         600           200

Shipping Cost per Room Air Conditioner:

HOUSTON to Dallas - $8   [800 × 8 = $6400]

                   to Atlanta - $12   [50 × 12 = $600]

                   to Denver - $10  

Total shipping cost = $7,000

PHOENIX to Dallas - $10  

                 to Atlanta - $14  [250 × 14 = $3500]

                 to Denver - $9  [200 × 9 = $1800]

Total shipping cost = $5,300

MEMPHIS to Dallas - $11

                 to Atlanta - $8  [300 × 8 = $2400]

                 to Denver - $12

Total shipping cost = $2,400

The total cost of the optimal solution is:

7,000 + 5,300 + 2,400 = $14,700

How was this optimal cost gotten?

- Check the least shipping cost to Dallas, this is found in Houston and that's 8 dollars. Houston hence supplies Dallas 800 ACs and has 50 left. Remember this, in case you need more ACs.

- Check the least shipping cost to Atlanta, this is found in Memphis and that's 8 dollars. An obstruction here is that Memphis only has 300 ACs to send to Atlanta, so Atlanta needs 300 more. Keep this in mind.

- Check the least shipping cost to Denver, this is found in Phoenix and that's 9 dollars. Phoenix hence supplies Denver its needed 200 ACs and has 450 left.

- There is need to complete shipping to Atlanta and the next affordable shipping cost to Atlanta is found in Houston and that's $12. Houston should send its remaining 50 ACs to Atlanta.

- Atlanta needs 250 more ACs and Phoenix has 450 extra. Allen Air Conditioning Company can now settle for the relatively high shipping cost of Phoenix to Atlanta, to supply the remaining 250 ACs which Atlanta needs.

Broussard is already at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2019, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecasted to be 4%, and the forecasted payout ratio is 45%. Use the AFN equation to forecast Broussard's additional funds needed for the coming year. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000.
Do not round intermediate calculations. Round your answer to the nearest dollar.

Answers

Answer: $‭412,600‬

Explanation:

AFN = Increase in assets - Increase in Liabilities - Addition to Retained Earnings

Increase in Assets

= 5,000,000 *  15%

= $750,000

Increase in Liabilities

For liabilities use only the Accounts payable and Accruals.

= (450,000 + 450,000) * 15%

= $135,000

Additional to Retained Earnings

= After tax Profit * ( 1 - Payout ratio)

= (9,200,000 * 4%) * ( 1 - 45%)

= $202,400‬

= 750,000 - 135,000 - 202,400

= $‭412,600‬

Generating ideas often includes brainstorming or brainwriting. These techniques can be an effective way to produce the best ideas if they are done correctly. Read the scenario, and then identify how the brainstorming or brainwriting process could be improved. Jeanne, a girls’ outdoor adventure leader, created a meeting agenda to address a problem her troop had. Their cookie fundraiser was in trouble: The mint chocolate chip cookies were not selling. Jeanne wanted the girls to come up with new cookie ideas and innovative ways to sell them. The group began the session by yelling out cookie ideas ranging from real mud pies to snickerdoodles in the shape of a bear. It was an amazing session; everyone participated. The group came up with 50 new cookie ideas in less than 12 minutes, but they could remember only a few of them at the end of the meeting. To improve the group’s brainstorming, Jeanne should:_________

a. Use flip-charts and classify ideas
b. Create an agenda
c. Encourage out-of-the-box thinking

Choose whether the following situation represents crowdsourcing, crowd-storming, or crowdfunding. You own a local coffeeshop. Recently, you noticed that customers were doodling on your white paper cups. Intrigued, you set up a contest, and asked your customers to submit their best doodles to you. You chose your favorite doodle, and put it on a reusable cup. This is an example of:

a. Crowd-storming
b. Crowdsourcing
c. Crowdfunding

Answers

Answer:

1- a. Use flip-charts and classify ideas.

2) a. Crowd-storming.

Explanation:

1- To improve the group's brainstorm, Jeanne should use flipcharts and classify ideas.

Flipcharts is a whiteboard used as a visual resource, which allows the best visualization of graphics, new ideas, etc., in a dynamic and summarized way, since this visual resource attracts attention, records and helps in the fixing of content and central ideals.

2- The situation represents crowdstorming, which is a marketing strategy used when an organization wants to improve the services and products offered through interaction with groups of employees who can even be consumers, as in the case above.

This strategy helps in better brand positioning, by receiving direct feedbacks from the potential public, which helps in better meeting their wants and needs.

Using the information for the Melville Corporation, calculate the cash flow from operating activities.

Accounts payable increase $12,000
Accounts receivable increase 4,000
Accrued liabilities decrease 5,000
Amortization expense 7,000
Cash balance, January 1 22,000
Cash balance, December 31 23,000
Cash paid as dividends 31,000
Cash paid to purchase land 90,000
Cash paid to retire bonds payable at par 60,000
Cash received from issuance of common stock 37,000
Cash received from sale of equipment 19,000
Depreciation expense 29,000
Gain on sale of equipment 4,000
Inventory decrease 13,000
Net income 80,000
Prepaid expenses increase 2,000

Required:
a. Use a negative sign with answer to show cash outflow from (used by) operating activities.
b. Using the information for the Melville Corporation above, calculate the cash flow from financing activities.

Answers

Answer:

i. Cash flow from operating activities

Net Income                                                          $80,000

Net profit before Taxation                                 $80,000

Depreciation                                                        $29,000

Amortization expenses                                       $7,000

Gain on sale of Equipment                                -$4,000

Net Profit before working capital changes     $112,000

Accounts payable Increase                                 $12,000

Inventory Decreases                                            $13,000

Prepaid Expenses Increase                                -$2,000

Accounts receivables Increase                          -$4,000

Accrued Liabilities decrease                              -$5,000

Net Cash flow from operating activities           $126,000

ii. Cash flow from financing activities

Cash paid as dividend                                        -$31,000

Cash paid to retire bonds                                   -$60,000

cash received from issuance of common stock $37,000

Cash flow used in financing activities              -$54,000

The text presents five signs of organizational culture: mission statement, stories & language, physical layout, rules & policies, and rituals. Select an organization where you have worked or are familiar with and identify an example of each sign of organizational culture. How do you think each of these things conveyed the organizational culture to employees and customers/clients.

Answers

Answer:

Face book

mission statement: give people the power to build community and bring the world closer together.

physical layout: How Face book is constructed.

rules & policies: The employees are required to act honestly, lawfully, ethically and in favor of the company they represent.

rituals: Face book looks for innovation and breaking the status quo, and to do so Face book employees are invited to paint, create and decore their offices and public spaces with own made art.

Explanation:

Organizational culture is what we call the mix of core values and actions that make up an organization, it's mostly and widely used for companies but it also applies to schools, governments, non-profits, and any group of people working together towards a goal.

The mission statement is basically what the organization wants to achieve, or its dreamed goal.

Stories and language are the speech that the organization communicates to the audience or anyone interacting with it.

The physical layouts are the colors and buildings, apps, or any way of direct interaction that any person could have with the organization.

Rules and policies are what dictate the behavior of all the employees and people related to the organization.

And rituals are the activities that the organization does in order to reinforce the values and policies they try to live day by day, doing your own painting is one example of these rituals.

Last month Empire Company had a $35,280 profit on sales of $287,000. Fixed costs are $68,040 a month. By how much would sales be able to decrease for Empire to still break even

Answers

Answer:

sales might decrease by $287,000 - $189,000 = $98,000 and the company will still break even

Explanation:

gross profit = net income + fixed costs = $35,280 + $68,040 = $103,320

COGS = total sales - gross profit = $287,000 - $103,320 = $183,680

contribution margin ratio = $103,320 / $287,000 = 36%

break even point in $ = $68,040 / 36% = $189,000

sales might decrease by $287,000 - $189,000 = $98,000 and the company will still break even

Presented below is the trial balance of Pina Corporation at December 31, 2020.

Debit Credit
Cash $200,230
Sales $8,104,580
Debt Investments (trading) (at cost, $145,000) 157,580
Cost of Goods Sold 4,800,000
Debt Investments (long-term) 302,230
Equity Investments (long-term) 280,230
Notes Payable (short-term) 94,580
Accounts Payable 459,580
Selling Expenses 2,004,580
Investment Revenue 67,550
Land 264,580
Buildings 1,043,230
Dividends Payable 139,230
Accrued Liabilities 100,580
Accounts Receivable 439,580
Accumulated Depreciation-Buildings 152,000
Allowance for Doubtful Accounts 29,580
Administrative Expenses 904,550
Interest Expense 215,550
Inventory 600,230
Gain 84,550
Notes Payable (long-term) 903,230
Equipment 604,580
Bonds Payable 1,003,230
Accumulated Depreciation-Equipment 60,000
Franchises 160,000
Common Stock ($5 par) 1,004,580
Treasury Stock 195,580
Patents 195,000
Retained Earnings 81,230
Paid-in Capital in Excess of Par 83,230
Totals $12,367,730 $12,367,730

Required:
Prepare a balance sheet at December 31, 2020, for Scott Butler Corporation.

Answers

Answer:

Scott Butler Corporation

Balance sheet as at December 31, 2020

                                                                                      $                      $

Non-Current Assets

Land                                                                                               264,580

Buildings                                                                1,043,230

Less Accumulated Depreciation-Buildings          (152,000)        891,230

Equipment                                                               604,580

Accumulated Depreciation-Equipment                 (60,000)       544,580

Debt Investments (long-term)                                                      302,230

Equity Investments (long-term)                                                    280,230

Franchises                                                                                     160,000

Patents                                                                                           195,000

Total Non - Current Assets                                                        2,637,620

Current Assets

Inventory                                                                                      600,230

Debt Investments (trading) (at cost, $145,000)                          157,580

Accounts Receivable                                              439,580

Less Allowance for Doubtful Accounts                 (29,580)       410,000

Cash                                                                                             200,230

Total Current Assets                                                                 1,368,040

Total Assets                                                                              3,255,050

Equity and Liabilities

Equity

Common Stock ($5 par)                                                          1,004,580

Treasury Stock                                                                            195,580

Paid-in Capital in Excess of Par                                                  83,230

Retained Earnings                                                                        81,230

Total Equity                                                                              1,364,620

Liabilities

Non-Current Liabilities

Notes Payable (long-term)                                                       903,230

Bonds Payable                                                                       1,003,230

Total Non-Current Liabilities                                                  1,906,460

Current Liabilities

Accounts Payable                                                                     459,580

Notes Payable (short-term)                                                        94,580

Dividends Payable                                                                     139,230

Accrued Liabilities                                                                     100,580

Total Current Liabilities                                                             793,970

Total Liabilities                                                                        1,890,430

Total Equity and Liabilities                                                    3,255,050

Explanation:

A Balance Sheet shows the balances of Assets, Liabilities and Equity as at the Reporting Date.

See the Balance Sheet prepared above.

need help in these question​

Answers

Answer:

one sec i can help

Explanation:

List 6 mistakes that can be made during an interview.

Answers

Answer:

1.Appearing Disinterested

2.Answering a Call or Texting

3.Dressing Inappropriately

4.Talking Negatively About a Current or Previous Employer

5.Body Language

6.Being Vague

Explanation:

Hope this helps !

Poor interview preparation is a clear killer, and 75% of interviews end in failure because the applicant wasn't prepared for some of the questions asked or didn't know enough about the employer.

What are  mistakes that can be made during an interview ?

Failing to conduct research The biggest error all of our experts mentioned was showing up unprepared for an interview. This could be not doing your homework on the business, not giving the job enough consideration, or not knowing who you're meeting. However, it could also refer to not having a plan for your conversation.

Most applicants anticipate being questioned. When one person asks every question and the other person responds, an interrogation has taken place. In an interview, questions are posed and answered in the context of a business dialogue. applicants who anticipate unwilling interrogator.

Lack of planning. Some recruiting managers favour conducting interviews in a more "spontaneous" manner.

becoming very anxious.acting too carelessly.being very zealous.intimidating potential employees.Lying. accepting bias.

Learn more about Interveiw here

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Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12-month and 24-month contracts. The corporation provides services to each customer every month. On July 1, 2019, Bigham sold the following customer contracts:
Length of contract Total Proceeds
12 months $40,000
24 months $80,000
Determine the income to be recognized in taxable income in 2019 and 2020.
Length of Contract 2019 Income 2020 Income
12 months $ $
24 months $ $

Answers

Answer: See explanation

Explanation:

Length of contract: 12 months

Income recorded in 2019:

= $40,000 × 6/12

= $40,000 × 1/2

= $20,000

Income recorded in 2020:

= $40,000 × 6/12

= $40,000 × 1/2

= $20,000

Length of contract: 24 months

Income recorded in 2019:

= $80,000 × 6/24

= $80,000 × 1/4

= $20,000

Income recorded in 2020:

= $80,000 × 18/24

= $80,000 × 3/4

= $60,000

You are preparing the financial statements for the Johnson family. To begin with you just want to identify each line and indicate where it will be going (e.g. Balance Sheet, Income Statement). Just write Balance Sheet and or Income statement next to each line.

Home Value $549,000
Joint Savings balance $5,400
Tom's 2014 Salary Before Taxes was $78,000
Kate's 2014 Salary Before Taxes was $84,000
Fed income taxes, state income taxes and FICA combined totaled $46,120 (paid)
2014 property taxes were $14,000 (paid)
Mortgage $300,000
House Payment plus insurance per month $2400
Kate bought Microsoft stock in 2012 and they still own it. It's worth $40,0000
Tom's 401k at work has several mutual funds worth a total of $120,000
Tom has a 2002 VW GTI worth about $3,000
Kate has a 2013 Audi S6 worth about $35,000
Car loan on Audi totals is $25,000
Car Payment is $1583
Car insurance for 2014 was $2000 (paid)
Credit Card Balance $4,000
Tom's monthly contribution o his 401k is $1,000
Joint Checing account balance $1,200

Answers

Answer:

Home Value $549,000 - Balance Sheet

Joint Savings balance $5,400 - Balance Sheet

Tom's 2014 Salary Before Taxes was $78,000 - Income Statement

Kate's 2014 Salary Before Taxes was $84,000 - Income Statement

Fed income taxes, state income taxes and FICA combined totaled $46,120 (paid) - Income Statement

2014 property taxes were $14,000 (paid) - Income Statement

Mortgage $300,000 - Balance Sheet

House Payment plus insurance per month $2400 - Income Statement

Kate bought Microsoft stock in 2012 and they still own it. It's worth $40,0000 - Balance Sheet

Tom's 401k at work has several mutual funds worth a total of $120,000 - Balance Sheet

Tom has a 2002 VW GTI worth about $3,000 - Balance Sheet

Kate has a 2013 Audi S6 worth about $35,000 - Balance Sheet

Car loan on Audi totals is $25,000 - Balance Sheet

Car Payment is $1583 - Income Statement

Car insurance for 2014 was $2000 (paid) - Income Statement

Credit Card Balance $4,000 - Balance Sheet

Tom's monthly contribution o his 401k is $1,000 - Income Statement

Joint Checing account balance $1,200 - Balance Sheet

The city of Ashkelon, on the eastern end of the Mediterranean Sea, is one of the major cities of the Philistines. A powerful merchant family (known henceforth as The Family) of this city has to decide how to allocate its vast but finite resources to further their own wealth and the glory and influence of their state. Some trade routes use camel caravans and go to the southern deserts, where they may trade in salt and gold with the great inland African nations; others may go north and west, oversea by galley, toward the Greeks; others may push their foul-mouthed, humped mounts east, overland toward Sumeria, to trade in spices and the crafted goods specific to that region. Some of the routes are over more arduous terrain than others, so make take longer to pay off (no revenue is realized by The Family until the caravan returns to Ashkelon). The financial costs and returns of each route are as follows (in Phils, the currency of the Philistines:
Route Costs,Period 0 Revenue, Period1 Revenue, Period 2 Revenue, Period 3
African Route - 75,000 215,000
Greek Route - 50,000 140,000
Sumerian Route -125,000 385,000
Costs are incurred at the end of year zero, and revenues accrue at the end of Periods 1, 2, and 3, for each respective route (for instance, the African caravan returns at the end of period two, at which time its revenue is realized). The discount rate for the shipping company is 5%.
a. Calculate the NPV, B/C ratio, Payback period, and IRR for each route option
b. Rank the route options according to NPV, B/C ratio, Payback period, and IRR
c. If the company had unlimited funds, which trade routes would you recommend the family pursue? Why? Be sure to consider all combinations of routes, including multiple caravans on the same trade route
d. Given that the family can only invest 150,000 Phils, which combination of trade routes would you recommend pursuing? Why?

Answers

Answer:

African Route costs = -75,000, period 1 revenues = 215,000

Greek Route costs = -50,000, period 2 revenues = 140,000

Sumerian Route costs = -125,000, period 3 revenues = 385,000

discount rate = 5%

a) African route:

NPV = -75,000 + 215,000/1.05 = 129,762

B/C ratio = 215/75 = 2.87

Payback = 1 period

IRR = 187%

Greek route:

NPV = -50,000 + 140,000/1.05² = 76,984

B/C ratio = 140/50 = 2.8

Payback = 2 periods

IRR = 67%

Sumerian route

NPV = -125,000 + 385,000/1.05³ = 332,577

B/C ratio = 385/125 = 3.08

Payback = 3 periods

IRR = 45%

b) rank according to:

NPV = Sumerian route, African route, Greek route

B/C ratio = Sumerian route, African route, Greek route

Payback = African route, Greek route, Sumerian route

IRR = African route, Greek route, Sumerian route

c) if the family had unlimited resources, they should invest in the 3 routes since all their NPVs are positive.

d) African and Greek routes since they yield the highest gains (IRR).

Sanborn Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100,000 for the year.
Activity Cost Pool Cost Driver Est. Overhead Cost Driver Activity
Ordering and Receiving Orders $120,000 500 orders
Machine Setup Setups 297,000 450 setups
Machining Machine hours 1,500,000 125,000 MH
Assembly Parts 1,200,000 1,000,000 parts
Inspection Inspections 300,000 500 inspections
If overhead is applied using traditional-based costing on direct labor hours, the overhead application rate is:___________.
a) 9.60
b) 12.00
c) 15.00
d) 34.17

Answers

Answer:

Predetermined manufacturing overhead rate= $34.17 per direct labor hour

Explanation:

Giving the following information:

Direct labor hours are estimated at 100,000 for the year.

Ordering and Receiving $120,000

Machine Setup $297,000

Machining  $1,500,000

Assembly $1,200,000

Inspection $300,000

Total estimated overhead= $3,417,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 3,417,000/100,000

Predetermined manufacturing overhead rate= $34.17 per direct labor hour

What was the first chess champion

Answers

Answer:

Wilhelm Steinitz

Explanation:

Answer:

Wilhelm Steinitz

Explanation:

in 1886 he took place the first officially recognized World Chess Championship. So in the year of 1886 he was proclaimed as the first World Chess Champion. The final result was 10 victories for Steinitz, 5 for Zukertort and 5 draws

Ishmael’s, a localgrocer, offers to purchase all of the corn produced by Whittaker Farms for $4.15/bushel. Whittaker Farms agrees. Although at first glance this looks like an illusory contract because Whittaker Farms is not obligated to produce any corn, it is actually a valid ____ contract.

Answers

Since farms do not have liability to generate the corn so it is a valid Bilateral contract

What is the bilateral contract?

The bilateral contract is the contract in which both the parties are agreed to perform their work and give their acceptance of performing the work within the stipulated time. Here an agreement is formed in which there is an exchange of promise is done between two parties

Therefore according to the given situation, it is a valid plus bilateral contract.

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Which best describes the role that government and business play in investments?
O They both use taxes to support a country's growth.
They both invest money to earn a profit.
They both receive capital to use for growth.
They both act as angel investors for start-ups.

Answers

Answer:

They both receive capital to use for growth.

Explanation:

The government received the capital in the form of tax that being paid by the citizens. After collecting the tax income, the government allocated it to make a couple of investments such as building the country's infrastructure, providing aid for people to pursue education, and investing in scientific research/development.

Business on the other hand could receive their capital from either reallocating their profit or receiving capital injection from the investors. They use the capital for growth by reinvesting it to increase the scope of their business operation or putting it under investment accounts.

Statement that best describes the role that government and business play in investments is They both receive capital to use for growth

What is an investment?

Investment can be regarded as the input that is been put into some business in order to generate revenue.

however, this also applies to the government because they use the public funds as investment for the betterment of the economy and the public.

Learn more about investments at;

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Listed below are the transactions that affected the shareholders' equity of Branch-Rickie Corporation during the period 2021-2023. At December 31, 2020, the corporation's accounts included:
Common stock, 111 million shares at $1 par $111,000
Paid-in capital-excess of par 666,000
Retained earnings ($ in thousands) 900,000
a. November 1, 2021, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1.
b. On March 1, 2022, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The bonds had a fair value of $2.6 million, but were purchased two years previously for $2.3 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5.
c. On July 12, 2022, the corporation declared and distributed a 6% common stock dividend (when the market value of the common stock was $18 per share). Cash was paid in lieu of fractional shares representing 660,000 equivalent whole shares.
d. On November 1, 2022, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1.
e. On January 15, 2023, the board of directors declared and distributed a 3-for-2 stock split effected in the form of a 50% stock dividend when the market value of the common stock was $19 per share.
f. On November 1, 2023, the board of directors declared a cash dividend of $0.35 per share on its common shares, payable to shareholders of record November 15, to be paid December 1.

Answers

Answer:

a)

dividends    55.5 million debit

  dividends payable  55.5 million credit

--Nov 1st, 2021--

dividends payable 55.5 million debit

                cash             55.5 million credit

b)

dividends 2,600,000 debit

    dividends distributable 2,600,000 credit

--March 1st--

dividends distributable 2,600,000 debit

        Warner Securities 2,300,000 credit

        Gain on Investment 300,000 credit

--April 5th--

c)

dividends   119.88 million debit

  cash                            11.88 million credit

 common stock            18 million credit

 additional paid-in CS 90 million credit

d)

dividends 58.5 debit

      Dividends Payable 58.5 credit

--Nov 1st

Dividends payable 58.5 million  debit

              cash             58.5 million credit

--Dec 1st--

e) NO ENTRY REQUIRED

f)

dividends 61.425 debit

      Dividends Payable 61.425 credit

--Nov 1st

Dividends payable 61.425 million  debit

              cash             61.425 million credit

--Dec 1st--

Explanation:

a) 111 millions shares x $0.50 = $55.5 millions

c)

111 millions x $18 per share x 6% = 119.88 millions

660,000 x $18 = 11.88 millions

net: 119.88 - 11.88 = 108 millons on shares

$108 millons / $18 per share = 6,000,000 shares

d)

111  + 6 new shares = 117 shares

$117 x $0.50 = $58.5 millons

f) 3-2 split gives 3 shares for every 2 shares

117 x 3/2 = 175.5 millons

175.5 millions x 0.35 per share = 61.425 million cash dividends

Recording sales, purchases, shipping, and returns-buyer and seller. Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

May 11 Sydney accepts delivery of $40,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $30,000. Sydney pays $345 cash to Express Shipping for delivery charges on the merchandise.
12 Sydney returns $1,400 of the $40,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $1,050.
20 Sydney pays Troy for the amount owed. Troy receives the cash immediately.

Required:
a. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions
b. Prepare journeal entries that Troy Wholesalers (seller) records for these three transactions.

Answers

Answer:  please see explanation column for answers

Explanation:

                 A) Journal entry for Sydney retailing buyer

i)To record purchase of inventory on account

Date          Account  titles                                   Debit               Credit

May 11          Accounts Payable                        $40,000

Merchandise Inventory                                                             $40,000

ii)To record shipping expense paid

Date          Account  titles                                   Debit               Credit

May 11        

Merchandise Inventory                       $ 345

                       Cash                                                                          $ 345

iii) To record goods returned to seller

Date          Account  titles                                   Debit               Credit

May 12   Accounts Payable                                $1,400

         Merchandise Inventory                                                       $1,400

iv To record payment on account.

Date          Account  titles                                   Debit               Credit

May 20 Accounts Payable                            $38,600

Merchandise Inventory                                                               $1,158

Cash                                                                                              $37,442

Calculation:

Accounts payable=  Purchases−   Purchase return

=$40,000−$1,400

=$38,600

Discount=Accounts payable X 3%

=$38,600×0.03

=$1,158

​                            B) Journal entry for Troy - Seller

i)To record sales of goods on account

Date          Account  titles                                   Debit               Credit

May 11          Accounts receivable                        $40,000

Sales Revenue                                                            $40,000

ii) To record cost of goods sold

Date          Account  titles                                   Debit               Credit

May 11   Cost of goods sold                               $30,000

Merchandise Inventory                                                              $30,000

III) To record sales return

Date          Account  titles                                   Debit               Credit

May 12   Sales returns and allowance                $1,400

  Account receivable                                                                       $1,400  

iv) To record cost of goods sold reversed for sales return  

 Date          Account  titles                                   Debit               Credit

May 12           Merchandise Inventory                    $1,050.  

       Cost of goods sold                                                                 $1,050.    

v) To record cash received for goods sold.

  Date          Account  titles                                   Debit               Credit

May 20      Cash                            $38,600

Sales discount                                                               $1,158

        Account receivables                                                                  $37,442

Calculation:

Accounts receivables=  sales−   sales  return

=$40,000−$1,400

=$38,600

Discount=receivables X 3%

=$38,600×0.03

=$1,158

Franklin Glass Works’ production budget for the year ended November 30 was based on 200,000 units. Each unit requires 2 standard hours of labor for completion. Total overhead was budgeted at $900,000 for the year, and the fixed overhead rate was estimated to be $3.00 per unit. Both fixed and variable overhead are assigned to the product on the basis of direct labor hours.

The actual data for the year ended November 30 are presented as follows.

Actual production in units 198,000
Actual direct labor hours 440,000
Actual variable overhead $352,000
Actual fixed overhead $575,000

The fixed overhead applied to Franklin’s production for the year is:______

Answers

Answer:

Allocated Fixed MOH= $660,000

Explanation:

The fixed overhead rate was estimated to be $3.00 per unit.

Actual direct labor hours 440,000

To allocate fixed manufacturing overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3*(440,000/2)

Allocated MOH= $660,000

A company has the following aging schedule of its accounts receivable with the estimated percent uncollectible:______.
Age Group Amount Receivable Estimated Percent Uncollectible
Not yet due $ 175,000 4 %
0-60 days past due $ 40,000 10 %
61-120 days past due $ 10,000 30 %
More than 120 days past due $ 5,000 60 %
Assuming the balance of Allowance for Uncollectible Accounts is $3,000 (credit) before adjustment, which of the following would be recorded in the year-end adjusting entry?

Answers

Answer: $14,000

Explanation:

Estimated Uncollectible = (4% * 175,000) + ( 10% * 40,000) + ( 30% * 10,000) + (60% * 5,000)

= 7,000 + 4,000 + 3,000 + 3,000

= $17,000

The credit balance on the Allowance account will be used to account for some of the uncollectibles. The remaining amount will be the year-end adjusting entry;

= 17,000 - 3,000

= $14,000

Eduardo has been reading about the use of drone technology in recent military conflicts and is not quite sure what to think. On the one hand, the use of drones means that military missions can be executed without putting American lives at risk. On the other hand, this very fact means that our political leaders might be quicker to resort to military solutions when other solutions might be available. Eduardo is also concerned about other effects of fully mechanized battle operations. For instance, unlike a human soldier, a drone can neither hear nor sympathize with a mother pleading for the life of her innocent child. Eduardo has decided to research the topic of military drones in more detail and write an essay in which he decides whether the use of drone technology is a positive or negative development in the history of American military action. Which type of argument will Eduardo be making?

a. Argument of fact
b. Argument of definition
c. Argument of evaluation
d. Policy argument

Answers

Answer:

c. Argument of evaluation

Explanation:

Eduardo will be making a decision on "whether the use of drone technology is a positive or negative development in the history of American military action."  This is a judgement call.  And he will be determining whether or not drone usage is good or bad.  So this is purely an argument of evaluation.  The argument is not of fact or definition or a policy argument, but one in which he will establish his opinion on the issue of the use of drone technology in the military.

Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $2. In year 2, the quantity produced is 5 bars and the price is $4. In year 3, the quantity produced is 7 bars and the price is $6.

Required:
Using year 1 as the base year, compute nominal GDP, real GDP, and the GDP deflator for each year.

Answers

Answer:

Nominal GDP in year 1 = $6

Nominal GDP in year 2 = $20

Nominal GDP in year 3 =  $42

Real GDP in year 1 = $6

Real GDP in year 2 = $10

Real GDP in year 3 =  $14

GDP deflator in year 1 = 100

GDP deflator in year 2 = 200

GDP deflator in year 3 = 300

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

Nominal GDP = quantity produced x current year price

Nominal GDP in year 1 = (3 x $2) = $6

Nominal GDP in year 2 = 5 x $4 = $20

Nominal GDP in year 3 = 7 x $6 = $42

Real GDP = quantity produced x base year price

Real GDP in year 1 = (3 x $2) = $6

Real GDP in year 2 = 5 x $2 = $10

Real GDP in year 3 = 7 x $2 = $14

GDP deflator = nominal GDP / Real GDP x 100

GDP deflator in year 1 = $6 / $6 x 100 = 100

GDP deflator in year 2 = $20 / $10 x 100= 200

GDP deflator in year 3 = $42 / 14 x 100 = 300

caculate the orithmetic mean of the number 42,56,38,41,86,
56​

Answers

Answer:

53

Explanation:

The mean is the average. Calculating the mean given some data involves adding all the values and dividing by the total by the quantity.

In this case, the total will be  42 +56 +38 +41 + 86+56 =319

The mean will be​ 319 divided by 6

=319/6

=53

Which action taken by a central bank would reflect expansionary monetary policy?

Answers

A central bank , will use expansionary monetary to strengthen an economy. The three key actions by fed to expand the economy include a decreased discount rate , buying government securities, and lowered reserve ratio.

The action taken by a central bank which would reflect the expansionary monetary policy is the sale of treasury securities to banks and the lowering down of reserve requirements.

Options A and C are correct.

What is a central bank?

A central bank is referring to the largest bank that controls the regional and subordinate banks. It is the bank in which the commercial banks keep the needed reserve ratio. There are various policies being made by the central bank to monitor the monetary system like fiscal policy, monetary policy, economic policy, etc.

The central bank of the US country is the Federal Reserve that applied the expansionary monetary policy.  The three ways that are made by Federal Reserve in respect of this policy are by making the discount rates to be fallen down for every bank, by acquiring the securities being sold by the government in the market and by keeping the reserve ratio to the lowest so that commercial banks can easily maintain them.

Therefore, the explanations written in option A and C are correct.

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Question's missing part:

The options are given as follows:

A) Selling treasury securities to banks to reduce the money supply

B) Raising the discount rate to provide less in loans to banks

C) Lowering the reserve requirements for all banks

D) Raising the interest that it pays to banks on the balance of their

reserves

Daily demand for a certain product is normally distributed with a mean of 138 and a standard deviation of 13. The supplier is reliable and maintains a constant lead time of 7 days. The cost of placing an order is $17 and the cost of holding inventory is $0.40 per unit per year. There are no stock-out costs, and unfilled orders are filled as soon as the order arrives. Assume sales occur over 358 days of the year.
Your goal here is to find the order quantity and reorder point to satisfy a 73 percent probability of not stocking out during the lead time.
a. To manage inventory, the company is using
Continuous review system
Periodic review system
b. Find the order quantity. (Round your answer to the nearest whole number.)
Order quantity books
c. Find the reorder point. (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)
Reorder point

Answers

Answer:

A. Continuous review system

B. Order quantity = 2,049 Books

C. Reorder point=987

Explanation:

a. To manage inventory, the company is using CONTINUOUS REVIEW SYSTEM

b. Calculation to find the order quality

Using this formula

Order quantity = √((2DS)/H)

Let plug in the morning

Order quantity=√ ((2 x 49,404 x 17)/0.40)

Order quantity = 2,049 Books

Calculation for annual demand

Annual demand=138*358 days

Annual demand=49,404

C. Calculation for reorder point

First step is to find the σL

73 % S.L. - z = 0.613

Using this formula to find the σL

σL = (Lσ^2)

Let plug in the formula

σL=√(7(13)^2)

σL= 34.39

Second step is to find the Reorder point using this formula

Reorder point = d bar(L) + zσL

Let plug in the formula

Reorder point = (138)(7) + 0.613(34.39)

Reorder point = 966+21

Reorder point=987

Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $82,100 consisted of $58,000 of direct materials costs and $24,100 of conversion costs.
During the month, the forming department started 520,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 85% complete as to materials and 35% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department is as follows:
Beginning work in process inventory $82,100
Direct materials added during the month 1,942,930
Conversion added during the month 1,359,730
1A. Calculate the equivalent units of production for the forming department.
1B. Calculate the costs per equivalent unit of production for the forming department.
1C. Using the weighted-average method, assign costs to the forming department’s output—specifically, its units transferred to painting and its ending work in process inventory.

Answers

Answer:

beginning WIP 36,000

$58,000 of direct materials costs

$24,100 of conversion costs

units started 520,000

units finished 516,000

materials added during the month $1,942,930

conversion added during the month $1,359,730

ending WIP 40,000

materials 85% complete, EU = 34,000

conversion 35%, EU = 14,000

total equivalent units

materials = 516,000 + 34,000 = 550,000

conversion = 516,000 + 14,000 = 530,000

cost per equivalent unit

materials = ($58,000 + $1,942,930) / 550,000 = $3.63805

conversion = ($24,100 + $1,359,730) / 530,000 = $2.611

total = $6.24905

costs assigned to

units transferred out = $6.24905 x 516,000 = $3,224,511

ending WIP = (34,000 x $3.63805) + (14,000 x $2.611) = $160,249

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Complete the following organizer to compare Western European and Central European empires.Part 2: Comparing Empires in Eastern Europe and AsiaComplete the following organizer to compare Eastern European and Asian empires.Part 3: Creating Comparative SentencesUse the information you included in the graphic organizers to fill in the blanks and create SAQ comparative sentences. An example has been provided but you will still need to complete each using different countries/empires from your organizer. As you identify similarities and differences between the 10 empires, fill in the two you are comparing on the respective lines, then continue to fill in the blanks to complete the comparative sentences.Note: There are many correct answers for each set of blanks. Read this excerpt from "The Secret Life of Walter Mitty."Walter Mitty stopped the car in front of the building where his wife went to have her hair done. "Remember to get those overshoes while Im having my hair done," she said. "I dont need overshoes," said Mitty. She put her mirror back into her bag. "Weve been all through that," she said, getting out of the car. "Youre not a young man any longer." He raced the engine a little. "Why dont you wear your gloves? Have you lost your gloves?"What does the dialogue in the excerpt show about Mitty's wife?She is nagging and controlling.She is confused and anxious.She is kind and considerate.She is clever and amusing. The Royal Proclamation of 1763 prohibiting colonial migration west of theAppalachian Mountains resulted from all of the following EXCEPT a) parliaments decision to punish the colonies for the refusal to pay taxesb) British weariness to engage in further military conflictsc) ongoing Indian uprising such as pontiacs rebelliond) British determination to reduce expenditures after seven years war A man starts out on a trip driving his car at a constant rate of 48 mph. A man riding a motorcycle starts out on the same route 1.5 hours later, traveling at a constant rate of 64 mph. How long will the car have been traveling when the motorcycle catches up? How do I know what letter goes with what measure (music) Her friend comes to the rescue and brings 15 more cups of chocolate chips! How many more muffins will they be able to make with the additional chocolate chips? How did native communities respond to the Europeans? Did all native groups everywhere view the arrival of the Spaniards in the same manner? What prompted many native communities to make alliances with the Spaniards instead of fighting (or continuing to fight)? A single-turn circular loop of radius 9.4 cm is to produce a field at its center that will just cancel the earth's field of magnitude 0.7 G directed at 70degrees below the horizontal north direction. Find the current in the loop. Mrs. Wright sold t-shirts for $12.00, which was a 30% markup from what she paid for each. How much did Mrs. Wright pay for each t-shirt originally? (remember to round to the nearest hundredth so it looks like money Please help! this is important! 10 points + BraniliestThis dance in Puerto Rico originated from African slaves in sugar plantations. Salsa Bomba Cha Cha Habanero Select all polynomials that have (x + 2) as a factor.Choose all answers that apply:A A(x) = x^3 3x^2 10xB B(x)= x^3+ 5x^2 + 4xC C(x)= x^3 2x^2 13x 10D D(x) = x^3 6x + 11x- 6 Siguiendo la ley de los signos qu signo obtenemos al multiplicar dos signos iguales?Suma?Menos?Positivo?Negativo? Hillary needs to know if the triangle shown is a right triangle. Which equation should she use to help? -x + 7 Assume that the particle has initial speed viviv_i. Find its final kinetic energy KfKfK_f in terms of viviv_i, MMM, FFF, and DDD. PLEASE HELP QUICKLY! 30 POINTS AND WILL MARK BRAINLIEST.Write a recursive formula for the sequence.6, 17, 28, 39, 50, ...A. f(1)-6; f(n)=f(n-1)+11B: f(1)=6; f(n)=6*f(n-1)+11C. f(1)=6; f(n)=f(n-1)+6D. f(1)=6; f(n)=11*f(n-1) 3. Which of the following does not affect the solubility of solid solutes?a. Volume of solventb. Stirringc. Temperatured. Amount of solvent