Business

SOLVE THE GRAPH AND THE SUPPLY OR SHORTAGE AND THE PRESSURE OF PRICE
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Bob, Kara, and Mark are partners in the BKM Partnership. Bob is a 40% partner and has a June 30 tax yearminusend. Kara owns a 40% interest in the partnership and has a September 30 tax yearminusend, and Mark owns the remaining 20% interest and has an October 31 tax yearminusend. The partnership does not have a natural business year. What is the required tax yearminusend for the partnership (if no Sec. 444 election is made)? A. September 30 B. October 31 C. December 31 D. June 30
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Zanny Moldings has the following estimated costs for the upcoming year: Direct materials used $25,800 Direct labor costs $62,600 Salary of factory supervisor $37,600 Advertising expense $33,800 Heating and lighting costs for factory $22,000 Depreciation on factory equipment $5600 Sales commissions $8100 The company estimates that 2100 direct labor hours will be worked in the upcoming year, while 2700 machine hours will be used during the year. The predetermined manufacturing overhead rate per direct labor hour is closest to:____________ A) $72. B) $51. C) $29. D) $31.
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A total of $3,700 in supplies was purchased during the year. By the end of the year, the company had used $2,200 of the supplies. The adjusting entry needed at the end of the year is: Multiple Choice debit Supplies $2,200; credit Supplies Expense $2,200 debit Supplies Expense $1,500; credit Supplies $1,500 debit Supplies Expense $2,200; credit Supplies $2,200 debit Supplies Expense $3,700; credit Supplies $3,700
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Balser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $ 960,000 Less expenses: Variable production costs $ 464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $ (40,000 ) Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable. Assume that dropping Product JYMP would result in a $90,000 increase in the contribution margin of other products. If Balser chooses to discontinue JYMP, the annual financial advantage (disadvantage) of eliminating this product should be:
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A pension plan is obligated to make disbursements of $1 million, $2 million, and $1 million at the end of each of the next three years, respectively. The annual interest rate is 10%. If the plan wants to fully fund and immunize its position, how much of its portfolio should it allocate to one-year zero-coupon bonds and perpetuities, respectively, if these are the only two assets funding the plan?
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Which of the following situations leads to an unplanned increase in inventories of $2.0 trillion? A. real GDP = $5.0 trillion and aggregate planned expenditures = $7.0 trillion B. real GDP = $5.0 trillion and aggregate planned expenditures = $5.0 trillion C. real GDP = $6.0 trillion and aggregate planned expenditures = $4.0 trillion D. real GDP = $8.0 trillion and aggregate planned expenditures = $5.0 trillion E. More information is needed about planned investment and actual investment.
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Which factors are relevant to the time a consumer spends looking at a product on the shelf prior to selection? The article "Effects of Base Price Upon Search Behavior of Consumers in a Supermarket" (J. Econ. Psycho., 2003: 637-652) reported the following data on elapsed time (sec) for fabric softener purchasers and washing-up liquid purchasers; the former product is significantly more expensive than the latter. These products were chosen because they are similar with respect to allocated shelf space and number of alternative brands. Calculate a 90% confidence interval for the true difference between the means for the two products.
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Discuss the rationale of organizing an industrial strike in resolving employees dispute with the state, focusing on the detrimental effects strikes has on various stakeholders in an economy
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The most commonly used private trade terms are the International Chamber of Commerces Incoterms.Group of answer choicesTrueFalse
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On September 1, Jenkins Company purchased $2,520 of supplies on account. By the end of the calendar year, $2,000 of supplies remains. Required: 1. How much has been expensed by the end of the year? 2. How much will be in the Supplies account at the end of the year, after the adjusting entries have been prepared and posted?
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Great Adventures Problem [The following information applies to the questions displayed below.]Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1, 2022, for $15,600. They expect to use the Suburban for five years and then sell the vehicle for $6,300. The following expenditures related to the vehicle were also made on July 1, 2022:_________.1. The company pays $2,700 to GEICO for a one-year insurance policy.2. The company spends an extra $6,600 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additional $2,900 is spent on a deluxe roof rack and a trailer hitch.3. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22, 2022, the company pays $2,200 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter.Great Adventures 4. Record the depreciation expense and any other adjustments related to the vehicle on December 31, 2022. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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Analysis reveals that a company had a net increase in cash of $22,750 for the current year. Net cash provided by operating activities was $20,500; net cash used in investing activities was $11,250 and net cash provided by financing activities was $13,500. If the year-end cash balance is $27,750, the beginning cash balance was: Multiple Choice $5,000. $17,750. $50,500. $45,500. $44,500.
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Debtors are interested in the times interest earned ratio because they want to a.know the tax effect of lending to a corporation b.be sure their debt is backed by collateral c.know what rate of interest the corporation is paying d.have adequate protection against a potential drop in earnings jeopardizing their interest payments
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The stock of Cooper Corporation is 70% owned by Carole and 30% owned by Carole's brother, Chris. During 2017, Chris transferred property (basis of $100,000 and FMV of $120,000) as a contribution to the capital of Cooper. During February 2018, Cooper adopted a plan of liquidation and subsequently made a pro rata distribution of the property back to Carole and Chris. At the time of the liquidation, the property had an FMV of $80,000. What amount of loss can be recognized by Cooper on the distribution of property?
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Which of the following statements is FALSE? Group of answer choices The right discount rate for a cash flow is the rate of return available in the market on other investments of comparable risk and term. To compensate for the risk that they will receive less than promised if the firm defaults, investors demand a lower interest rate than the rate on U.S. Treasuries. The equivalent after-tax interest rate is r(1 - ). The actual cash flow that the investor will get to keep will be reduced by the amount of any tax payments.
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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 3.20 DLHs Standard variable overhead rate $ 10.55 per DLH The following data pertain to operations for the last month: Actual direct labor-hours 9,400 DLHs Actual total variable manufacturing overhead cost $ 95,780 Actual output 2,700 units What is the variable overhead efficiency variance for the month?
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The cost of a secured loan is typically lower than the cost of an unsecured loan because _______.
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Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.1. The likelihood of a payment occurring is probable, and the estimated amount is $1.14 million. 2. The likelihood of a payment occurring is probable, and the amount is estimated to be in the range of $0.94 to $1.14 million. 3. The likelihood of a payment occurring is reasonably possible, and the estimated amount is $1.14 million. 4. The likelihood of a payment occurring is remote, while the estimated potential amount is $1.14 million. Record the necessary entry for the scenarios given above.
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Selected information from Herisau Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to retire notes $ 90 Common shares acquired for treasury 150 Proceeds from issuance of preferred stock 210 Proceeds from issuance of subordinated bonds 270 Cash dividends paid on preferred stock 75 Cash interest paid to bondholders 105 In its statement of cash flows, Herisau should report net cash inflows from financing activities of:
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Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 10,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $10,500 Direct labor 4,800 Total $15,300 The standard materials price is $0.7 per pound. The standard direct labor rate is $12 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $9,500 Actual direct labor 4,400 Total $13,900 There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 8,800 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
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Multiple Choice Question 216 Given the following adjusted tabular summary amounts: Cash $1463 Accounts receivable 1846 Inventory 2749 Prepaid rent 76 Equipment 260 Accumulated depreciation-equipment 46 Accounts payable 72 Unearned service revenue 107 Common stock 174 Retained earnings 5820 Service revenue 324 Interest revenue 49 Salaries and wages expense 140 Travel expense 58 Net income for the year is:
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To measure value, the concept of time value of money is used a. To determine the interest rate paid on corporate debt. b. To bring the future benefits and costs of a project, measured by its expected profits, back to the present. c. To bring the future benefits and costs of a project, measured by its cash flows, back to the present. d. To ensure that expected future profits exceed current profits today
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Polly borrowed $285 for a new floor lamp. She will make 5 monthly payments of $62 to repay the loan. How much will she pay ininterest?$285$62$25$310$50
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