Answer:
Holder in due course
Explanation:
A holder in due course arise when someone accepted the negotiable instrument for exchange in the value without any kind of reason. In this, there is a right for claim the value of an instrument that oppose to the orginator and the intermediate holders
So as per the given situation, Lary is holder in due case as he is holding the check in the good faith also he is not aware of the last theft
Skysong Corporation had the following activities in 2020.
1. Sale of land $168,000.
2. Purchase of inventory $780,000.
3. Purchase of treasury stock $67,000.
4. Purchase of equipment $413,000.
5. Issuance of common stock $331,000.
6. Purchase of available-for-sale debt securities $60,000.
Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2017 statement of cash flows.
Answer:
Net cash used by investing activities ($305,000)
Explanation:
The computation of the net cash provided (used) by investing activities is shown below;
Cash flows from investing activities
Proceeds from Sale of land $168,000
Purchase of equipment ($413,000)
Purchase of available-for-sale securities ($60,000)
Net cash used by investing activities ($305,000)
The accountant for Lola Corp. was preparing a bank reconciliation as of February 28, 2017. The following items were identified: Lola's book balance $35,900 Outstanding checks 12,050 Interest earned on checking accounts 75 Customer's NSF check returned by the bank 325 There was an error in recording a customer's check as the check was recorded by Lola as $110, but the correct amount of $101 was recorded by the bank. Lola's adjusted cash balance at February 28, 2017 is
Answer:
See below
Explanation:
Computation of Lola's Corp adjusted cash book balance at February 28, 2017
Lola Corp's book balance
$35,900
Add:
Interest earned on checking account
$75
Less:.
Customer's NSF check returned by the the bank
$325
Add:
Error in recording customer's check
($110 - $101)
$9
Adjusted cash balance
$35,659
Therefore, Lola Corp's adjusted cash book balance as at February 28, 2017 is $35,659
Rainforests are being destroyed in order to plant trees to make ___________________________, one of the cheapest oils in the world, which makes companies huge profits.
Answer:
Palm oil
Explanation:
Deforestation the process of permanently removing trees from a given environment for other purposes such as farmlands, timber, and so on has been on a rise.
One of the major activity leading to deforestation is palm oil production. It is a $40 billion industry that has displaced indigenous tribes and wiped out habitats of endangered species like the orangutan.
Burning of rain forests to make way for palm oil plantations also increases carbon emmisions that causes respiratory problems.
Which of the following qualitative considerations may impact capital investment analysis? a.Manufacturing productivity b.Manufacturing flexibility c.Manufacturing control of product quality d.All of these choices are correct.
Answer:
What I think it's C if it's not I probably think it's gonna be D
The qualitative considerations that impact capital investment analysis are the manufacturing productivity, flexibility, and control of product quality. Option d is correct.
What is the capital investment analysis?Companies and government organizations utilize capital investment analysis as part of their budgeting process to determine the potential profitability of a long-term investment, called the capital investment analysis.
Long-term investments, such as equipment, machinery, or real estate, are evaluated using capital investment analysis.
There are certain qualitative considerations, that impact the capital investment analysis like the manufacturing productivity, flexibility, and control of product quality.
Therefore, option D is correct.
Learn more about the manufacturing, refer to:
https://brainly.com/question/14275016
Bonita Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (60%) 59100 Completed and transferred out 179500 Work in process, May 31 (40%) 49800 If all materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May?
Answer:
Equivalent units of production= 229,300
Explanation:
Giving the following information:
Physical Units Work in process, May 1 (60%) 59100
Completed and transferred out 179500
Work in process, May 31 (40%) 49800
To calculate the equivalent units, we need to use the following formula:
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Equivalent units of production= 179,500 + 49,800*1
Equivalent units of production= 229,300
Because the direct material is added at the beginning of the process, the %of completion is 100%.
Wanda's financial advising firm wants to know the private client list held by a competing firm in town. Wanda sets up a meeting with an employee at the rival firm, and while there, Wanda downloads the client list to a flash drive when the employee steps away from his office. Three days later, Wanda uses the flash drive to open the client list. Does Wanda's conduct violate trade secret law
Answer:
Yes, because the method by which Wanda discovered the trade secret is illegal according to trade secret law
Explanation:
In the case when wanda set up the meeting with an employye for the competitor firm and it download the list of the client at the time when the employee step away so here the trade secret law should be violated as the method that wanda discovered is that the trade secret should be illegal as per the law of the trade secret
In regards to Wanda violating trade secret law, the answer is Yes, because the method by which Wanda discovered the trade secret is illegal according to trade secret law.
Trade secret law:
Was established to guard against illegal theft of company secrets. Makes provision for the acquisition of trade secrets in a legal manner.Wanda acquired the secrets under false pretenses when she set up a meeting in order to get the secrets. She did not seek permission for the secrets and so took them illegally and without authorization.
In conclusion, option C is correct.
Find out more about trade secrets at https://brainly.com/question/993315.
Each of the following documents is used in the control of cash disbursements except a.cash register tapes. b.receiving reports. c.purchase orders. d.purchase requisitions. g
Answer: a. cash register tapes.
Explanation:
When you go to a shop and buy something at the till and the cashier prints a receipt and gives it to you, that paper is a cash register tape.
A cash register tape therefore shows the goods sold and the amount the goods were sold at. It is therefore not used as a method of control for cash disbursement which is cash going out of a business but rather for cash that is coming into the business.
A developer of a new townhome community estimates that there will be 1,400 home (all types) sales in University City over the next year. An analysis of demographic information has revealed that the core market share for the townhome project within the community is 13%. Assuming a capture rate of 22%, what is the developer's first-year projection of townhome sales in the new community
Answer:
the developer's first-year projection of townhome sales in the new community is $40.04
Explanation:
The computation of the developer's first-year projection of townhome sales in the new community is shown below:
= Number of Estimated home × market share × capture rate
= 1,400 × 13% × 22%
= $40.04
hence, the developer's first-year projection of townhome sales in the new community is $40.04
The same is to be considered
Suppose that you are conducting market research at a regional mall in your city. The survey you are administering contains some relatively personal questions that some consumers might be reluctant to answer. As a result, you decide to select passers-by whom you believe are most likely to agree to answer your questions. Such an approach helps to ensure that all surveys will be completed and that questions will be answered in an unbiased manner. Nonetheless, it may come with a cost. Of the following statements, which is not a potential problem associated with this approach?
a. It might unexpectedly impact the "representativeness" of the sample.
b. All the answer options are potential problems.
c. It is likely to decrease the response rate.
d. It violates the underlying principles inherent in "probability sampling" techniques.
e. It could negatively influence the validity of the research study.
Answer: b. All the answer options are potential problems.
Explanation:
In other to get a truly unbiased result from surveys, the sample chosen should be completely random. This method is not random as the people being chosen are selected which means that the basic underlying principle of probability sampling of randomness is violated.
The representativeness of the sample might also be affected if only a certain type of people look like they will answer which means that only they will be represented in the sample. These problems have a strong chance of influencing the research in a negative way as the research may be biased.
And of course the response rate will likely be lower as only a certain type of people are being looked for and they might not number much.
Discuss how a change in a product design could produce a change in the design of a planning and control system.
Product design is cross-functional, knowledge-intensive work that has become increasingly important in today's fast-paced, globally competitive environment. It is a key strategic activity in many firms because new products contribute significantly to sales revenue. When firms are able to develop distinctive products, they have opportunities to command premium pricing. Product design is a critical factor in organizational success because it sets the characteristics, features, and performance of the service or good that consumers demand. The objective of product design is to create a good or service with excellent functional utility and sales appeal at an acceptable cost and within a reasonable time. The product should be produced using high-quality, low-cost materials and methods. It should be produced on equipment that is or will be available when production begins. The resulting product should be competitive with or better than similar products on the market in terms of quality, appearance, performance, service life, and price.
If publisher profits can be preserved at lower prices in an all e-world, why are publishers still worried about increased digital penetration of their businesses?
Answer:
Here are some of the challenges faced by the book publishing industry.
Piracy as a problem. Online piracy has changed the way content is shared and consumed by the reader. ...
The rise of Audiobooks. ...
Changing Reading habits. ...
Compromising on Quality due to cost. ...
Selecting the Right target audience. ...
Extreme competition
The predetermined overhead rate for Marigold Corp. is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $7608 variable and $4824 fixed, and standard hours allowed for the product produced in June was 2400 hours. The total overhead variance is:________
a. $700 F.
b. $1,800 F.
c. $700 U.
d. $1,800 U.
Answer:
$11,568 favorable
Explanation:
The computation of the total overhead variance is shown below:
Total Overhead cost variance
= Actual total overhead - Budgeted total overhead
= ($7,608 + $4,824) - (2,400 hours × 2 × 5)
= $12,432 - $24,000
= $11,568 favorable
This is the answer but the same is not provided in the given options
Famous Foods is a fast-food chain restaurant famous for its hot coffee (its coffee temperature is a bit higher than that of the industry average). One sunny morning, Jane went to a Famous drive-through for breakfast and purchased coffee. Jane put the cup between her knees and tried to get the coffee lid off. As she tugged at the lid, scalding coffee spilled onto her. The 170-degree coffee burned her. She had to be hospitalized and was unable to work for two weeks to treat the third-degree burns she suffered. The total medical expenses she incurred were $4,000. Normally she could make $5,000 a week. Her estimated pain and suffering was $3,000. Jane sued Famous and asked for punitive damage of $50,000 in addition to compensatory damages. Question 23 of 250.4 Points What is the total amount of special damages that Jane would be entitled to
You consider buying a share of stock at a price of $24. The stock is expected to pay a dividend of $1.32 next year, and your advisory service tells you that you can expect to sell the stock in 1 year for $27. The stock's beta is 0.6, rf is 10%, and E[rm] = 20%. What is the stock's abnormal return?
Answer:
2%
Explanation:
Actual return = [(Dividend + Capital gain) / Purchase price] * 100
= [($1.32 + $27 - $24) / $24] * 100
= 18%
Expected return = rf + Beta*(E(rm) - rf)
= 10% + 0.6*(20% - 10%)
= 16%
Abnormal return = Actual return - Expected return
Abnormal return = 18% - 16%
Abnormal return = 2%
Chin purchases five protein bars at a price of $3 each. The marginal benefit he receives from each bar is $5 for the first bar, $4.50 for the second bar, $4 for the third bar, $3.50 for the fourth bar, and $3 for the fifth bar. The marginal cost of producing the bars is $2 each. What is Chin's total consumer surplus from the five bars that he purchased
Answer:
$5
Explanation:
When using equity financing, firms run the risk of ________. a. losing a controlling interest to shareholders b. acquiring capital through the sale of shares c. incurring an unmanageable amount of debt d. falling victim to currency exchange rates
Answer:
a. losing a controlling interest to shareholders
Explanation:
Equity financing can be defined as a strategic technique adopted by an individual or business to raise capital through the sales of one or more shares.
When using equity financing, business firms usually run the risk of losing a controlling interest of their shares to shareholders.
Retained earnings also known as accumulated earnings, can be defined as the total amount of net income held by a corporation for its future use after paying out dividends to its shareholders.
The retained earnings statement refers to a financial statement that enumerate changes in retained earnings for an organization over a specific period of time. The retained earnings statement is the statement of owner's equity that outlines details of changes in the amount of retained earnings (profits) over a specified period in an organization.
The main purpose of preparing a retained earnings statement is to boost investor's confidence and improve market value.
Generally, retained earnings are used to pay off debts, used for capital expenditures and working capitals.
Retained earnings represents the total stockholders' equity reinvested back into the company.
This ultimately implies that, Retained Earnings statement refers to the changes in the retained earnings account of an organization or business firm, which occurred during the accounting period and typically comprises of net income arising from the income statement.
Thus, the Retained Earnings statement is based upon;
Retained Earnings + Net Income – Dividends.
Retained Earnings statement can be defined as a financial statement that enumerate changes in retained earnings for an organization over a specific period of time. The retained earnings statement is the statement of owner's equity that outlines details of changes in the amount of retained earnings (profits) over a specified period in an organization.
On November 1, 2018, ABC signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2019. ABC records the appropriate adjusting entry for the note on December 31, 2018. In recording the payment of the note plus accrued interest at maturity on May 1, 2019, ABC would: __________
Answer:
ABC
In recording the payment of the note plus accrued interest at maturity on May 1, 2019, ABC would: __________
Journal Entries:
May 1, 2019:
Debit Interest Payable $1,000
Debit Interest Expense $2,000
Debit Notes Payable $100,000
Credit Cash $103,000
To record the payment of the note plus accrued interest at maturity.
Explanation:
a) Data and Calculations:
November 1, 2018:
6% 6-month Note Payable = $100,000
December 31, 2018:
Accrued interest = $1,000 ($100,000 * 6% * 2/12) for 2 months
May 1, 2019:
Interest Expense = $2,000 ($100,000 * 6% * 4/12) for 4 months
Transaction Analysis on May 1, 2019:
Interest Payable $1,000 Interest Expense $2,000 6% Notes Payable $100,000 Cash $103,000
Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year:
Direct materials used $19,000
Direct labor used 24,500
Factory overhead 55,100
Beginning work in process inventory 10,700
Ending work in process inventory 11,300
Answer:
cost of goods manufactured= $98,000
Explanation:
Giving the following information:
Direct materials used $19,000
Direct labor used 24,500
Factory overhead 55,100
Beginning work in process inventory 10,700
Ending work in process inventory 11,300
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 10,700 + 19,000 + 24,500 + 55,100 -11,300
cost of goods manufactured= $98,000
Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from him. Larry then gives the check to his nephew, Gary Graduate, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since he is not a holder because Larry never indorsed the check to him. Which statement is true
Answer:
1. Gary is at least a holder
Explanation:
According to the given situation, the first option is correct as the check has been provided as cash also there is no name written over the check so the larry can provide it to anyone else for enchasing the check
Therefore as per the given situation Gary should be the holder of the check so that he can provide to anyone else for encashing it
INVENTORY METHODS: Co. F has the following units of beginning inventory and purchases for the year: beginning inventory 100 units at $40 each, a 2/28 Purchase 200 units at $50 each and a 6/15 purchase of 200 units at $60 each and a 12/15 purchase of 100 units at $80 each. Using the FIFO method, if the ending inventory is 400 units, what is the cost of the ending inventory
Answer: Cost of closing inventory =$25,000
Explanation:
Using the FIFO which is the First In First Out method, The inventorY purchased first be sold first with the the ending inventory consisting of the most recent purchases.
Given nthta ending inventory is 400 units, we start fro the most recent purchase
12/15 purchase of 100 units at $80 each=$8,000
6/15 purchase of 200 units at $60 each=$12,000
we are left with 100 units so
2/28 Purchase 100 units at $50 each =$5000
Cost of closing inventory =$8,000+$12,000+$5000= $25,000
Therefore cost of 400 units using the FIFO Method is $25,000.
16) The Nantucket Nugget is unlevered and is valued at $640,000. Nantucket is currently deciding whether including debt in its capital structure would increase its value. The current of cost of equity is 12%. Under consideration is issuing $300,000 in new debt with an 8% interest rate and maintaining this dollar amount of debt in the long run. Nantucket would repurchase $300,000 of stock with the proceeds of the debt issue. There are currently 32,000 shares outstanding and its effective marginal tax bracket is 34%. What will Nantucket's new WACC be? (5 pts)
Answer:
10.34%
Explanation:
Calculation to determine what will Nantucket's new WACC be
New Firm Value= $640,000 + (.34) ($300,000)
New Firm Value= $742,000
Capital Structure = $300,000 + $442,000
($742,000-$300,000=$442,000)
rs = .12 + (300/442) * (.12 - .08) * (1 - .34)
rs= .12 + .0179
rs = .1379*100
rs = 13.79%
Now let calculate the New WACC
New WACC = (300/742) * (.08) * (1 - .34) + (442/742) * (.1379)
New WACC= .0213 + .0821
New WACC= .1034*100
New WACC= 10.34%
Therefore what will Nantucket's new WACC be is 10.34%
The price of strawberries decreases from $4.10 to $2.50 per pound. When this happens, the amount of strawberries sold increases from 550 pounds to 600 pounds. What is the value of the gain in consumer surplus that occurred
Answer:
$80
Explanation:
Given that the value of the gain in consumer surplus is the value emanating from the purchase made at price less than the price the consumer is willing to pay. The value of consumer surplus rises as the price of a good falls and falls as the price of a good rises.
Hence, in this case, the price of strawberries decreases from $4.10 to $2.50 per pound. We have a value surplus of $1.6 per pound.
However, since the amount of strawberries sold increases from 550 pounds to 600 pounds we have a consumer surplus of 50 pounds.
Therefore, the total value of the gain in consumer surplus that occurred is $1.6 × 50 = $80.
Hence, the correct answer is $80
eff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: Jackson invested $27,000 cash in the business in exchange for common stock. Jackson contributed $102,000 of equipment to the business. The company paid $2,200 cash to rent office space for the month of March. The company received $18,000 cash for repair services provided during March. The company paid $6,400 for salaries for the month of March. The company provided $3,200 of services to customers on account. The company paid cash of $700 for utilities for the month of March. The company received $3,300 cash in advance from a customer for repair services to be provided in April. The company paid $5,200 in cash dividends. Based on this information, net income for March would be:
Answer:
Jeff Jackson's Repairs
The net income for March would be:
= $11,900.
Explanation:
a) Data and Analysis:
March 1: Cash $27,000 Equipment $102,000 Common stock $129,000
Rent expense $2,200 Cash $2,200
Cash $18,000 Service revenue $18,000
Salaries expense $6,400 Cash $6,400
Accounts receivable $3,200 Service revenue $3,200
Utilities expense $700 Cash $700
Cash $3,300 Deferred revenue $3,300
Cash Dividends $5,200 Cash $5,200
Net Income for the month of March would be:
Service Revenue ($18,000 + $3,200) $21,200
Expenses:
Rent expense $2,200
Salaries expense 6,400
Utilities expense 700 (9,300)
Net income for March = $11,900
tylor is considering a five-year project that will require $859,000 for new fixed assets that will be deprecieated what is the amount of the aftertax salvage value
Answer:
$120,603.60
Explanation:
The computation is shown below:
But before that the following calculations to be done
Salvage Value = Cost of Asset × 18%
= $859,000 × 18%
= $154,620
Since the fixed asset depreciated to zero for the 5 years so the book value should also be zero
Now
Capital Gain = Salvage Value - Book value of Asset
= $154,620 - $0
= $154,620
Tax on Capital Gain = Capital Gain × Tax Rate
= $154,620 × 0.22
= $34,016.4
And finally,
After Tax Salvage Value = Salvage Value - Tax on Capital Gains
= $154,620 - $34,016.40
= $120,603.60
g A monopolist maximizes profits by finding Group of answer choices the rate of output where price equals marginal cost. the rate of output where marginal revenue equals marginal cost. the rate of output where marginal revenue equals marginal product. the price where price exceeds marginal revenue by that largest amount. the price where average revenue and marginal cost are equal.
Answer:
the rate of output where marginal revenue equals marginal cost.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
Additionally, a monopolist refer to any individual that deals with the sales of unique products in a monopolistic market.
A monopolist maximizes profits by finding the rate of output or quantity where marginal revenue (MR) equals marginal cost (MC) and the intersection of these two (2) points determines the equilibrium of a business firm.
Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service.
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages Machine operators $ 400,000 Selling and administrative personnel $ 85,000 Materials used Lubricant for oiling machinery $ 35,000 Cocoa, sugar, and other raw materials $ 350,000 Packaging materials $ 290,000 Randall's direct materials amounted to:
Answer:
1160.000
Explanation:
suma los gastos
Theta Corporation, a closely held corporation (not a PSC), had $120,000 of active income, $110,000 of portfolio income, and a $240,000 passive loss during the year. How much of the passive loss is deductible
Answer:
$120,000
Explanation:
Calculation to determine How much of the passive loss is deductible
Using this formula
Deductible passive loss=Passive loss-Active income
Let plug in the formula
Deductible passive loss=$240,000-$120,000
Deductible passive loss=$120,000
Therefore How much of the passive loss is deductible is $120,000
On January 1, 2016, Bennett Corporation had 20,000 shares of common shares outstanding. During the year, it sold another 2,600 shares on July 1 and reacquired 600 shares on November 1. The corporation earned $337,600 net income. The company also has 15,000 shares of $10 par value, 6%, cumulative preferred stock on which no dividends have been declared for the last two years. What is the basic earnings per share for the year
Answer:
bro i honestly have no clue I'm only in 6th grade and im tryna get points.
Explanation:
Marc, a single taxpayer, earns $122,000 in taxable income and $3,800 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2018, what is his effective tax rate? (Use Tax rate schedules)
https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/spilker_10e/taxrateschedule2018.htm
Multiple Choice
24.99%
18.74%
19.91%
26.68%
None of the choices are correct.
Answer:
None of the choices are correct
Explanation:
Given:
Income from city bond = $122,000
Find:
Effective tax rate
Computation:
We know thar Marc is single tax payee
So,
As per rule
Federal tax = $14,089.50 + (Income - $82,500)24%
Federal tax = $14,089.50 + ($122,000 - $82,500)24%
Federal tax = $23,569.50
Effective tax rate = (Federal tax / Income)100
Effective tax rate = [23,569.50/122,000]100
Effective tax rate = [0.1931]100
Effective tax rate = 19.31% (Approx.)
Current information for the Stellar Corporation follows: Beginning work in process inventory $ 17,900 Ending work in process inventory 19,300 Direct materials used 147,000 Direct labor used 85,000 Total factory overhead 63,100 Stellar Corporation's cost of goods manufactured for the year is:
Answer:
The right answer is "$293700".
Explanation:
The given values are:
Direct material,
= $147000
Direct labor,
= $85000
Total factory overhead,
= $63100
Beginning work,
= $17900
Ending work,
= $19300
now,
The total manufacturing cost will be:
= [tex]Direct \ material +Direct \ labor+Total \ factory \ overhead[/tex]
= [tex]147000+85000+63100[/tex]
= [tex]295100[/tex] ($)
hence,
The costs of goods manufactured will be:
= [tex]Manufacturing \ cost+Beginning \ work-Ending \ work[/tex]
= [tex]295100+17900-19300[/tex]
= [tex]313000-19300[/tex]
= [tex]293700[/tex] ($)