Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash 23000 Accounts payable 21000
Investments (short-term) 34000 Notes receivable (long-term) 36000
Accounts receivable 4200 Accrued liabilities payable 5300
Inventory 26000 Additional paid-in capital 90900
Equipment 49000 Retained earnings 33900
Factory building 101000 Notes payable (current) 48,000
Intangibles 4100
During the current year, the company had the following summarized activities:
a. Purchased short-term investments for $8,400 cash.
b. Lent $5,600 to a supplier who signed a two-year note.
c. Purchased equipment that cost $23,000; paid $5,600 cash and signed a one-year note for the balance.
d. Hired a new president at the end of the year. The contract was for $87,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year.
e. Issued an additional 1,400 shares of $0.50 par value common stock for $11,000 cash.
f. Borrowed $16,000 cash from a local bank, payable in three months.
g. Purchased a patent (an intangible asset) for $1,900 cash.
h. Built an addition to the factory for $30,000; paid $8,100 in cash and signed a three-year note for the balance.
i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,100.
Required:
Post the current year transactions to T-accounts for each of the accounts on the balance sheet.

Answers

Answer 1

Answer:

Jaguar Plastics Company

Cash Account

Account Titles                 Debit         Credit

Balance                          23000

Short-term investments                  $8,400

Notes Receivable                              5,600

Equipment                                         5,600

Common stock                  700

Additional capital           10300

Notes payable               16000

Intangible (Patent)                              1900

Equipment (refund)         3100

Investments (short-term)

Account Titles                 Debit         Credit

Balance                          34,000

Cash                                8,400

Accounts Receivable

Account Titles                 Debit         Credit

Balance                          4200

Inventory

Account Titles                 Debit         Credit

Balance                          26000

Equipment

Account Titles                 Debit         Credit

Balance                          49000

Note payable                  17400

Cash                                5600

Cash (refund)                                       3100

Factory building

Account Titles                   Debit         Credit

Balance                             101000

Cash                                     8100

Note Payable (long-term) 21900

Notes receivable (long-term)

Account Titles                 Debit         Credit

Balance                          36,000

Cash                                5,600

Intangibles

Account Titles                 Debit         Credit

Balance                            4100

Cash                                 1900

Notes payable (current)

Account Titles                 Debit         Credit

Balance                                            48,000

Equipment                                         17400

Cash                                                  16000

Common Stock (Calculated)

Account Titles                 Debit         Credit

Balance                                             78200

Cash                                                     700

Additional paid-in capital

Account Titles                 Debit         Credit

Balance                                             90900

Cash                                                   10300

Notes Payable (Long-term)

Account Titles                 Debit         Credit

Factory building                                 21900

Explanation:

a) Data and Calculations:

Cash                                 23000 Accounts payable                     21000

Investments (short-term) 34000 Accrued liabilities payable        5300

Accounts receivable          4200   Notes payable (current)         48,000

Inventory                          26000 Additional paid-in capital       90900

Equipment                       49000   Retained earnings                 33900

Factory building              101000  Common Stock (Calculated) 78200

Notes receivable

(long-term)                      36000  

Intangibles                          4100


Related Questions

Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 266 78 Desired inventory (units), June 30 306 68 Expected sales volume (units): Midwest Region 3,450 3,050 South Region 5,300 6,000 Unit sales price $100 $185 a. Prepare a sales budget.

Answers

Answer:

a. Sales budget

Product and Area         Unit Sales Volume    Unit Selling Price        Total

Model Rumble:

Midwest Region                      3,450                            100              $345,000

South Region                          5,300                            100              $530,000

Total                                                                                                   $875,000

Model Thunder

Midwest Region                      3,050                            185              $‭564,250‬

South Region                          6,000                            185              $‭1,110,000‬

Total                                                                                                   $‭1,674,250‬

Total Revenue from sales                                                                $‭2,549,250‬

b. Production budget

                                                Units Model Rumble       Units Model Thunder

Expected units to be sold                ‭8,750‬                                 ‭9,050‬

Total Units Required                        ‭9,056‬                                 9,118

Total Units to be Produced              ‭8,790‬                                 ‭9,040‬

Expected units Rumble = 3,450 + 5,300 = 8,750

Expected units Thunder = 3,050 + 6,000 = 9,050

Total Units required Rumble = 8,750 + 306 (desired inventory) = 9,056

Total Units required Thunder = 9,050 + 68 (desired inventory) = 9,118

Total units to be produced Rumble = 9,056 - 266(opening inventory)= 8,790

Total units to be produced Thunder = 9,118 - 78 (opening inventory) = 9,040

Kansas Enterprises purchased equipment for $79,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $6,900 at the end of five years. Using the straight-line method, depreciation expense for 2022 and the book value at December 31, 2022, would be: Multiple Choice $14,420 and $50,160. $14,420 and $43,260. $15,800 and $40,500. $15,800 and $47,400.

Answers

Answer:

Annual depreciation= $14,420

Book value= $50,160

Explanation:

Giving the following information:

Purchase price= $79,000

Useful life= 5 years

Salvage value= $6,900

To calculate the depreciation expense, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (79,000 - 6,900) / 5

Annual depreciation= $14,420

Now, the book value:

Book value= purchase price - accumulated depreciation

Book value= 79,000 - (14,420*2)

Book value= $50,160

Concord Corporation sells its product for $50 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $9, direct labor $11, and variable overhead $4. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. The per unit manufacturing cost under absorption costing is $36. $38. $24. $20.

Answers

Answer:

unitary manufacturing cost= $36

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed manufacturing overhead:

unitary fixed manufacturing overhead= 720,000 / 60,000

unitary fixed manufacturing overhead= $12

Now, we can determine the unitary manufacturing cost:

unitary manufacturing cost= 9 + 11 + 4 + 12

unitary manufacturing cost= $36

Scenario:
Suppose that in the competitive market for auto repair, firms prefer to hire men rather than women Assume that the women applying for positions have the same skills, experience, and work ethic as the men. As a result of this discrimination, the demand for women is lower than it otherwise would be.
Refer to Scenario above. If the firms in this market are profit maximizers and customers do not care if a woman or a man works on their car, what will likely happen?

Answers

Answer:

If the firms want to maximize profit and they are price takers, they will eventually start hiring more women. Since the demand for female workers is lower, the price of their labor should also be lower. That means that if a firm wants to maximize its profits, it will need to decrease its costs. A way to decrease a company's costs is to hire cheaper labor.

Management anticipates fixed costs of $74,200 and variable costs equal to 35% of sales. What will pretax income equal if sales are $342,000?
A. $119,700.
B. $148,100.
C. $267,800.
D. $45,500.
E. $183,750.

Answers

Answer:

Pretax profit= $148,100

Explanation:

Giving the following information:

Management anticipates fixed costs of $74,200 and variable costs equal to 35% of sales.

Sales= $342,000

To calculate the pretax profit, we need to use the following formula:

Pretax profit= sales*contribution margin rate - fixed costs

Contribution margin rate= 1 - varaible cost rate

Contribution margin rate= 0.65

Pretax profit= 342,000*0.65 - 74,200

Pretax profit= $148,100

On July 1, 2021, Markwell Company acquired equipment. Markwell paid $175,000 in cash on July 1, 2021, and signed a $700,000 noninterest-bearing note for the remaining balance which is due on July 1, 2022. An interest rate of 5% reflects the time value of money for this type of loan agreement. (PV of $1, PVA of $1) (Use appropriate factor(s) from the tables provided.) For what amount will Markwell record the purchase of equipment? a) $834,048. b) $841,666. c) $741,666. d) $875,000.

Answers

Answer: b) $841,666.

Explanation:

Markwell will record the equipment at the present value of the amounts spent to purchase it.

Present value of the cash paid = $175,000

Present value of the noninterest-bearing note after a year = 700,000/(1 + 5%)

= $666,667

Total = 175,000 + 666,667

= $841,667

As per the options;

= $841,666

Peyton Trust, which is a simple trust, distributed $45,000 to its sole beneficiary, Brooke, in the current year. Further, it had the following items of income and expense for the current year.
Interest income from municipal bonds $10,000
Gross income from rental properties 30,000
Operating expenses for the rental properties 5,000
Trust fees allocable to the rental properties 2,000
What is Peyton's income distribution deduction for the current year?
a. $23,000
b. $33,000
c. $40,000
d. $45,000

Answers

Answer:

b. $33,000

Explanation:

In order to avoid double taxation, trust are allowed to deduct income distributed to its beneficiaries. In this case, the deduction is equal to the lowest of:

net income generated by the trust = $10,000 + $30,000 - $5,000 - $2,000 = $33,000 ⇒ THIS IS LOWERor the net income distributed = $45,000

The total asset market value of General Motors (GM) is $10 billion. GM has an equity market value (market capitalization) of $7 billion of equity. What are the weights in equity and debt that are used for calculating the WACC, respectively

Answers

Answer:

0.70,0.30

Explanation:

Calculation for the weights in equity and debt that are used for calculating the WACC respectively

Calculation for weights in equity

Weights in equity= $7 million / $10 million

Weights in equity = 0.70

Therefore the Weights in equity will be 0.70

Calculation for debt

Debt = ($10 million - $7 million) / $10 million

Debt=$3millon/$10 million

Debt= 0.30

Therefore the debt that are used for calculating the WACC will be 0.30

On June​ 30, Company issues ​, ​-year bonds payable with at face value of . The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. Requirement 1. Journalize the issuance of the bonds on June 30. ​(Record debits​ first, then credits. Select explanations on the last line of the journal​ entry.)

Answers

Answer:

1. Dr Cash​ $ 98,000

Dr Discount on Bonds Payable​ $2,000

Cr Bonds payable $100,000

2. Dr Interest Expense​ $ 4,050

Cr Discount on Bonds Payable​ $50

Cr Cash​ $4,000

Explanation:

1. Preparation of the journal entry for the issuance of the bonds on June 30

Dr Cash​ $ 98,000

( $ 100,000 x 0.98 ​)

Dr Discount on Bonds Payable​ $2,000

($100,000 ​- ​$98,000) ​

Cr Bonds payable $100,000

2. Preparation of the Journal entry to record the semiannual interest payment

Dr Interest Expense​ $ 4,050

($4,000 ​+ ​$50 ​)

Cr Discount on Bonds Payable​ $50

( $2,000 x​ 1/40 )

Cr Cash​ $4,000

($ 100,000 x 8​% x​ 6/12 )

Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 35,000 pounds Standard price of direct materials $ 8.00 per pound Material price variance $ 7,000 Unfavorable Material quantity variance $ 7,500 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice $7.76 per pound $8.00 per pound $8.20 per pound $8.24 per pound

Answers

Answer:

$8.20 per pound

Explanation:

The computation of the actual price per pound is shown below:

Material price variance = (Standard price per pound - Actual price per pound) × Actual quantity purchased

-$7,000 = ($8.00 - Actual price per pound) × 35,000

$8.00 - Actual price per pound = -$7,000 ÷ 35,000

Actual price per pound = $8.20 per pound

Hence, the actual price per pound is $8.20 per pound

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Renn Company acquires land for $56,000 cash. Additional costs are as follows:
Removal of shed $ 300
Filling and grading 1, 500
Salvage value of lumber of shed 120
Broker commission 1, 130
Paving of parking lot 10,000
Closing costs 560
Renn will record the acquisition cost of the land as:____________.
A) $56,000.
B) $57, 690.
C) $59, 610.
D) $59, 370.

Answers

Answer:

D) $59, 370.

Explanation:

Calculation for how much Renn will record the

acquisition cost of the land

Cash$56,000

Removal of shed $ 300

Filling and grading 1, 500

Less Salvage value of lumber of shed (120)

Broker commission 1, 130

Closing costs 560

Acquisition cost of Land $59,370

Therefore Renn will record the acquisition cost of the land as:$59, 370

In the market for pickled herring there are two competing producers: Abbas and Taste of Base. Both herring manufacturers have fixed cost worth $880,000 a year and a constant marginal and average variable cost of $3.22 per jar. In the current year, Abbas produced and sold 400,000 jars of herring while Taste of Base produced and sold 222,000 jars. Based on this information, we can expect Abbas' quantity sold to _____________ and its ________ in the future.

Answers

Answer:  increase; average fixed cost to decrease

Explanation:

Abbas produced 400,000 jars which is more than those produced by Taste of Base. With a higher quantity of jars produced, we can expect that they will sell more jars which means that Abbas' quantity sold will increase.

Average fixed cost is calculated by dividing Fixed costs by quantity produced. If Abbas produces more jars as they did, the quantity dividing fixed costs will be more which means that the Average Fixed cost will be less. Simply put, there is less fixed cost per jar, the higher the number of jars produced.

40
Maria makes hand-crafted jewelry. Lately the demand for her items has
increased. She currently has them on consignment in a shop, but wants to
have them placed in multiple stores. To do this she needs one central place to
hold a high volume of her jewelry so that retailers can purchase her jewelry in
large numbers. Which channel member should she use for this step?
A. Supplier
B. Producer
C. Consumer
D. Wholesaler

Answers

Answer:

D.) Wholesaler

Explanation:

Just took this test, and got this answer correct.

The channel member that should be used by Maria to satisfy the increasing demand  is wholesaler. Hence, Option D is correct.

What is the meaning of wholesaler?

A wholesaler serves as a middleman or intermediary in the supply chain. The most typical example of a wholesaler is a business that buys finished goods from manufacturers and distributes them to retailers, who then sell more of the goods to consumers in smaller quantities.

Jewelry created by Maria is handmade. Her products are more in demand nowadays. She has them on consignment in a store for now, but she wants to have them distributed to several shops.

In order for merchants to buy her jewellery in large quantities, she needs a single, central location to store a lot of it. Maria needs to use wholesalers as a channel partner to meet the rising demand.

Therefore, option D is correct.

Learn more about wholesaler from here:

https://brainly.com/question/28256108

#SPJ2

Sue invested $5,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership. The partnership had $20,000 of debt she is not responsible to repay because she is a limited partner. Sue is allocated a 10 percent share of the debt resulting in a tax basis of $7,000 and an at-risk amount of $5,000. During the year, ABC LP generated a ($70,000) loss. How much of Sue's loss is disallowed due to her tax basis or at-risk amount

Answers

Answer:

$2,000

Explanation:

Calculation for How much of the Sue's loss is disallowed due to her tax basis or at-risk amount

Based on the information given we were told that that Sue is been allocated a 10% of the debt which resulted in a tax basis of the amount of $7,000 as well as an at-risk amount of $5,000 which means that the amount that the Sue's loss will be disallowed due to her tax basis Amount or at-risk amount will be calculated as :

Using this formula

Disallowed Sue's loss=Tax basis-At-risk amount

Let plug in the formula

Disallowed Sue's loss=$7,000-$5,000

Disallowed Sue's loss=$2,000

Therefore How much of the Sue's loss is disallowed due to her tax basis or at-risk amount will be $2,000

Company A purchases cases of fertilizer for its lawn-care business from a supplier who charges $30 per order and $50 per case. Each case consists of five bags of fertilizer. Company A needs 2,000 bags of fertilizer a year. Company A’s annual holding costs are 30%. If Company A only has room to hold 25 cases of fertilizer, how many cases should Company A order each time to minimize the total holding and ordering cost?

Answers

Answer:

EOQ = √2DS/H

Annual demand = 2000 bags/5 = 400 cases

Order cost = $030

Holding cost = 50*0.30 = $15

EOQ = √2*400*30/15

EOQ = √1600

EOQ = 40

The Economic order quantity = 40. In order to minimize the total cost, the company should order 40 units. However, since Company A only has room to hold 25 cases of fertilizer, therefore, it should order 25 cases each time.

If you restate a quote in your own words but do not cite your source you can be rightfully accused of

Answers

Answer:

correct, you could be accused of plagerism

Taco Time Corporation is evaluating an extra dividend versus a share repurchase. In either case, $22,000 would be spent. Current earnings are $3.70 per share, and the stock currently sells for $91 per share. There are 4,000 shares outstanding. Ignore taxes and other imperfections. What will the company’s EPS and PE ratio be under the two different scenarios? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Under extra dividend:

EPS = $3.70

PE ratio = 23.11

Under Share Repurchase:

EPS = $3.94

PE ratio = 23.10

Explanation:

These can be calculated as follows:

Under extra dividend:

Dividend per Share = Amount to spend / Number of shares outstanding = $22,000 / 4,000 = $5.50

Stock Price per share after Dividend payment = Current stock price per share - Dividend per share = $91  - $5.50 = $85.50

EPS = Current EPS = Current Earning per share = $3.70

PE ratio = Price Earning ratio = Stock Price per share after Dividend payment / Current EPS = $85.50 / $3.70 = 23.11

Under Share Repurchase:

Shares repurchased = Amount to spend / Current stock price per share = $22,000 / $91 = 241.758241758242 shares

Current EPS before Share repurchase = $3.70

Total Earnings = Current EPS before Share repurchase * Number of shares outstanding = $3.70 * 4,000 = 14,800

Earnings per Share after Share repurchase = Total Earnings / (Number of shares outstanding - Shares repurchased) = $14,800 / (4,000 - 241.758241758242) = $3.94

P/E Ratio = Current stock price per share / Earnings per Share after Share repurchase = $91 / $3.94 = 23.10

One week, Rachel earned $250. She spent $120 on food, $30 on miscellaneous items, and saved the rest. If Rachel makes a pie chart showing how she spends her money, the central angle for the food sector would be __________.

Answers

360° = $250

? =.$120

120×360= 43200

43200÷250

=172.8°

A job was timed for 60 cycles and had an average of 1.2 minutes per piece. The performance rating was 95 percent, and workday allowances are 10 percent. Determine each of the following:
a) Observed Time
b) Normal Time
c) Standard Time

Answers

Answer and Explanation:

The computation is given below:

a) Observation time is

= Average time

= 1.2 minutes

b) Normal time is

= Observation time × performance rating

= 1.2 minutes × 0.95

= 1.14 minutes

c. The standard time is  

= Normal time × allowance factor

= 1.14 × 1.11

= 1.265 minutes.

The allowance factor is  

= 1 ÷ (1 -  Allowances)

= 1 ÷ (1 - 0.1)

= 1.11

Select the correct answer
What does the term constructed wetlands normally refer to
A natural wetlands that are used for wastewater disposal and treatment
B. wetlandis created for the purpose of environmental research
Cartificially created wetlands that simulate natural wetlands
D. wetlands used for constructing buildings
Reset
Net

Answers

I believe the answer is A

Why will the number of suppliers in the tourism industry decrease, and how will this consolidation of suppliers take place

Answers

Answer:

In the current negative economic climate, suppliers in the tourism industry are likely to consolidate because many small suppliers do not have enough revenue to continue operating, and in such situation, they can be easily absorbed by larger, more solvent competitors.

Besides, the industry had been consolidating in the years prior to the current crisis. For example, Airbnb, with its innovative business model and global reach, had made many small suppliers go out of business in several cities of the world.

On January 1, Balanger Company buys 10 percent of the outstanding shares of its parent, Altgeld, Inc. Although the total book and fair values of Altgeld's net assets equaled $3.2 million, the price paid for these shares was $340,000. During the year, Altgeld reported $415,000 of separate operating income (no subsidiary income was included) and declared dividends of $35,000. How are the shares of the parent owned by the subsidiary reported at December 31

Answers

Answer: a. Consolidated stockholders’ equity is reduced by $340,000.

Explanation:

Consolidated stockholders' equity is the equity owned by stockholders in the entire parent company of Altgeld and its subsidiaries. Balanger as a company, then buys some of its parent's stock for $340,000.

The effect this will have is to reduce the stock available to stockholders in the parent and the subsidiaries almost like buying treasury shares. Consolidated stockholders' equity will therefore reduce by the amount paid for the shares of $340,000.  

Your client wants to open a new QuickBooks Payments merchant
account.

Answers

Answer: a. In the Usage tab of Account and Settings

Explanation:

QuickBooks online is an accounting software that is mostly used by small to medium size businesses. They offer a variety of tools such that even accounting novices can keep proper records.

If one wanted to open a new QuickBooks Payments merchant  account, they should go to the Usage tab of Accounts and Settings where they can then follow the prompts and register the account with the relevant details needed such as name of business. Debit or credit cards can then be added to the account.

Select the correct answer.
Video game deslgners can do visual deslgn or progranming
A True
B.False

Answers

Answer:

A.

Explanation:

Answer:

A

Explanation:

The answer is A , its true

You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account and $420 per month in a bond account. The return of the stock account is expected to be 10.2 percent, and the bond account will pay 6.2 percent. When you retire, you will combine your money into an account with a return of 7.2 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period

Answers

Answer:

$10,460

Explanation:

You will contribute 25 x 12 = 300 monthly payments to your savings accounts.  In order to determine their future value, we must first determine the effective interest rates:

stock account = 1.102 = (1 + r)¹²

¹²√1.102 = ¹²√(1 + r)¹²1.008127 = 1 + rr = 0.008127 = 0.81% monthly rate

bond account = 1.102 = (1 + r)¹²

¹²√1.062 = ¹²√(1 + r)¹²1.0050 = 1 + rr = 0.005 = 0.5% monthly rate

In 25 years, you will have:

stock account = $820 x 1,265.21433 (PV annuity factor, 0.81%, 300 periods) = $1,037,475.75bond account = $420 x 692.99396 (PV annuity factor, 0.5%, 300 periods) = $291,057.46total = $1,328,533.21

using the payout annuity formula:

P₀ = [d (1 - (1 + r/x)⁻ⁿˣ)] / (r/x)

P₀ = $1,328,533.21d = monthly withdrawal = ? r = annual interest rate = 0.072 x = number of compounding periods = 12n = number of years = 20

$1,328,533.21 = [d (1 - (1 + 0.072/12)⁻²⁴⁰)] / (0.072/12)

$7,971.20 = d (1 - 0.23795)

$7,971.20 = d (0.762)

d = $7,971.20 / 0.762 = $10,460

You’re a subcontractor responsible for the re-furbishment of an automobile showroom. The estimated re-furbishment cost is $500 per square foot. The total showroom area that needs to be refurbished is 1,000 square feet. Based on your past experience, you know your team can renovate 100 square feet per week. After 4 weeks, you have 45% of the job completed and you have spent $250,000. Determine the value for each of the terms below:Term ValueBudget At CompletionPlanned ValueEarned ValueActual CostCost VarianceSchedule VarianceCost Performance IndexSchedule Performance IndexEstimate At CompletionEstimate To CompleteVariance At Completion

Answers

Answer:

Explanation:

The Earned Value Analysis for each term can be computed as follows:

Term                                  Acronym                 Formula            Value

Budget At Completion   BAC                =1000×500               500,000

Planned Value                   PV                   =400×500                200,000

Earned Value                     EV                   =500000×0.45        225,000

Actual Cost                      AC                                                         250,000

Cost Variance                 CV                      [tex]=EV - AC[/tex]                -25,000

Schedule Variance         SV                     [tex]=EV - PV[/tex]                   25,000

Cost Performance Index CPI                   [tex]=EV / AC[/tex]                       0.9

Schedule Performance Index SPI           [tex]=EV / PV[/tex]                       1.125

Estimate At Completion EAC                 [tex]=BAC / CPI[/tex]               555,556

Estimate To Complete   ETC                 [tex]=EAC - AC[/tex]               305,556

Variance At Completion VAC                [tex]=BAC - EAC[/tex]             -55,556

Farmer Elvin is holding 200 pounds of potatoes in storage for Chef Noble but Chef Noble has breached the contract by failing to pay for the potatoes. The potatoes are beginning to rot. If Farmer Elvin sells the potatoes to a local diner to make potato soup and salad, then this action would be considered: Group of answer choices An attempt to maximize damages Conversion An attempt to realize an unwarranted profit. A reasonable mitigation of damages.

Answers

Answer:

A reasonable mitigation of damages.

Explanation:

Chef Noble breached the contract with farmer Elvin, and therefore, farmer Elvin is entitled to sue chef noble and seek compensatory damages for the money that he might have lost due to this contract breach. But it is reasonable for farmer Elvin to try to lower the damages suffered by selling the potatoes to other clients even if these clients do not pay the normal contract price for the merchandise. In the event of a lawsuit, this action will even benefit chef Noble since the damages will be smaller and the court will probably require him to pay a lower amount of money.

has 17,500 shares of stock outstanding along with $408,000 of interest-bearing debt. The market and book values of the debt are the same. The firm has sales of $697,000 and a profit margin of 6.8 percent. The tax rate is 35 percent, the debt-equity ratio is 40 percent, and the price-earnings ratio is 11.8. The firm has $130,000 of current assets of which $41,200 in cash. What is the enterprise value

Answers

Answer:

$926,073

Explanation:

Enterprise value=market capitalization+value of debt-cash

value of the firm=price-earnings ratio=11.8

earnings=net income

net income=profit margin*sales

net income=$697,000*6.8%=$47,396

11.8=market capitalization/$47,396

market capitalzation=11.8*$47,396=$559,272.80  

enterprise value=$559,272.80+$408,000-$41,200=$ 926,072.80  (approx  $926,073)

Apollo Inc. has an unfunded pension liability of $900 million that must be paid in 30 years. If the annual interest rate is 6% compounded semiannually, what is the present value?

Answers

Answer:69420 milliom

Explanation:

Nice

In a master schedule, the planning horizon is often separated into a series of time periods called:
a. lead times
b. stacked lead times
c. time buckets
d. firm, fixed, and frozen

Answers

Answer: time buckets

Explanation:

In a master schedule, the planning horizon is often separated into a series of time periods called time buckets.

The time bucket is simply a time interval that is used for planning and scheduling. If and information is to be broken into weekly periods, the weekly buckets break will be utilized. It should be noted that for a MRP, the maximum is the weekly buckets.

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