On October 1, 2018, Bullseye Company sold 250,000 gallons of diesel fuel to Schmidt Co. at $3 per gallon. On November 8, 2018, 150,000 gallons were delivered; on December 27, 2018. another 50,000 gallons were delivered; and on January 15, 2019, the remaining 50,000 gallons were delivered. Payment terms are 10% due on October 1, 2018, 50% due on first delivery; 20% due on the next delivery; and the remaining 20% due on final delivery. Required: Do the three deliveries each represent a distinct performance obligation, or is there a single performance obligation requiring three deliveries
1. Do each of the three deliveries represent a distinct performance obligation, or is there a single performance obligation requiring three deliveries?2. What amount of revenue should bullseye recognize from this sale during 2018?
Answer:
1) We must follow the revenue recognition principle in order to determine whether these transactions represent one single performance obligation or three separate ones. If revenue can be recognized after each delivery has been made, then each transaction will be considered a separate performance obligation.
Personally, I believe that on November 8, 2018, $450,000 in revenue must be recognized since title of the goods passed from Bullseye to Schmidt. That means that the earning process had been realized. The same for the other transactions, so I would consider them 3 separate performance obligations.
2) total revenue for 2018:
November 8 = $450,000
December 27: $150,000
total = $600,000
A stock currently sells for $65. The dividend yield is 3.5 percent and the dividend growth rate is 4.8 percent. What is the amount of the dividend to be paid in one year
Answer:
$2.275
Explanation:
Calculation for the amount of the dividend to be paid in one year
Using this formula
D1 =Dividend yield* Stock Amount
Let plug in the formula
D1= .035($65)
D1= $2.275
Therefore the amount of the dividend to be paid in one year will be $2.275
Tatum Company has four products in its inventory. Information about the December 31, 2021, Inventory is as follows: Product 101 102 103 104 Total Cost $161,000 119,400 79,500 40,600 Total Replacement Cost $146,900 112,700 53,000 37,900 Total Net Realizable Value $133,500 145,900 67,100 68,100 The normal profit is 40% of total cost. The normal profit is 40% of total cost. Required:1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products.2. Assuming that inventory write-downs are common for Tatum Company, record any necessary year-end adjusting entry.Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products. Product Total Cost Replacement cost NRV NRV - NP Market Inventory Value 101 102 103 104 Totals Required 1 Required 2 > Required 1 Required 2 Assuming that inventory write-downs are common for Tatum Company, record any necessary year-end adjusting entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record any necessary year-end adjusting entry assuming that inventory write- downs are common for Tatum Company. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
A company shows a $600 balance in Prepaid Rent in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired rent of $200. This adjusting entry results in:________
a. $200 decrease to net income
b. $200 increase to net income
c. $200 different between the debit and credit columns of the Unadjusted Trial Balance
d. An error in the Balance Sheet
Answer:
$200 decrease in net income.
Explanation:
Based on the information given we were told that the balance in Prepaid Rent of the company Unadjusted Trial Balance columns of the work sheet shows the amount of $600 in which the the company Adjustments columns show expired rent of the amount of $200 which means that the the company adjusting entry will results in $200 DECREASE IN NET INCOME because expired rent of the amount of $200 will be deducted from the Prepaid Rent of the amount of $600 in the Unadjusted Trial Balance columns of the work sheet.
During the heavy Christmas shopping season, sales of retail stores, online sales firms, and other merchants rise significantly. a. What would you expect to happen to the market for money during the Christmas season
The money demand curve shifts to the right, as people demand more money for transactions purposes. According to graph 1.1, the demand for money will increase during the festive (Christmas) season.
MD would shift right, MS would remain unchanged and nominal int rates would rise
During the Christmas shopping season, the demand for money increases significantly. To offset the increase in money demand, the Fed must increase the money supply, which will put downward pressure on nominal interest rates.
During the Christmas shopping season, the demand for money increases significantly. If the Fed takes no actions to offset the increase in money demand, then nominal interest rates will:
increase.
The risk-free rate of interest is 7% per annum with continuous compounding, and the dividend yield on a stock index is 3.2% per annum. The current value of the index is 150. What is the six-month futures price?
Answer:
The six-month futures price is $152.88
Explanation:
Asset Price Sо = $150
Time T= 6/12 = 0.5
Risk free interest rate = 7%
Dividend yield = 3.2%
Fо = Sо e^(r-q)*r
Fо = $150 e^(0.07-0.032)0.07
Fо = $150 e^(0.038)0.07
Fо = $150 e^(0.019)
Fо = $152.8772
Fо = $152.88
Determine which is the better investment: compounded semiannually or compounded quarterly. Round your answers to decimal places.
Answer:
the numbers are missing, so I looked for a similar question and found:
Determine which is the better investment: 5.22% compounded semiannually or 5.24% compounded quarterly. Round your answers to 2 decimal places.
effective interest rate for semiannual compounding = (1 + 5.22%/2)² - 1 = 5.29%effective interest rate for quarterly compounding = (1 + 5.24%/4)⁴ - 1 = 5.34%Compounded quarterly is a better investment than compounded semiannually
Explanation:
The shorter the compounding period, the more interests received (or paid if it is a loan) and the nominal interest rate is the same:
E.g. lets assume that the nominal interest rate is 10% per year:
effective interest rate for annual compounding = 10%effective interest rate for semiannual compounding = (1 + 10%/2)² - 1 = 10.25%effective interest rate for quarterly compounding = (1 + 10%/4)⁴ - 1 = 10.38%effective interest rate for monthly compounding = (1 + 10%/12)¹² - 1 = 10.47%what is business marketing?
Answer:
Business marketing
Business marketing is a marketing practice of individuals or organizations. It allows them to sell products or services to other companies or organizations that resell them, use them in their products or services or use them to support their works. It is a way to promote business and improve profit too.
Answer:
yes
Explanation:
Business marketing is a marketing practice of individuals or organizations. It allows them to sell products or services to other companies or organizations that resell them, use them in their products or services or use them to support their works. It is a way to promote business and improve profit too.
how often do you rely on your time management skills to meet deadlines
Answer:
I usually rely on time management skills to meet deadlines all the time. If I look into my calendar I just see what's due first and then do only that work. commonly we have relied on google and to tell us what's do... especially online with so many assignments due at different times it could be very useful.
Explanation:
A firm have an inventory turnover of 5 times a year on a cost of goods sold of $800 000.if the firm improves the inventory turnover to 8 times a year while the cost of goods sold remains the same, which of the following statement is true?
A)$100,000 is additionally invested in purchasing stock
b)$160,000 is released into working capital
c)$60,000 is additionally invested in purchasing stock
d)$60,000 is released into working capital
Answer:
d)$60,000 is released into working capital
Explanation:
Inventory turnover gives the number of times that a business buys and sells inventory. A high inventory means that a business moves its stock fast, thereby generating cash.
The formula for inventory turnover ratio
=Cost of goods sold/ average inventory
If a firm has COGS of $800,000 and an inventory turnover of 5, then the average inventory will be
=$800,000 /5
= $160,000
should the firm improve turnover to 8, then the average inventory will be
=$800,000/8
=$100,000
It means the firm will be requiring an average inventory of $100,000 as opposed to $160,000 previously. The difference ($60,000) is to be released to working capital.
The balance sheet for Kingbird, Inc. shows the following: total paid-in capital and retained earnings $860,000, total stockholders’ equity $788,400, common stock issued 42,000 shares, and common stock outstanding 36,000 shares.
Required:
Compute the book value per share.
Answer:
$21.9 per share
Explanation:
Book value per share = Total stockholders’ equity/Common stock outstanding
Book value per share = $788,400 / 36,000
Book value per share = $21.9 per share
A static budget: _________
a. should be compared to actual costs to assess how well costs were controlled.
b. should be compared to a flexible budget to assess how well costs were controlled.
c. is valid for only one level of activity. represents the best way to set spending targets for managers.
d. A planning budget is prepared before the period begins and is valid for only the planned level of activity.
Answer:
Explanation: A planning budget is prepared before the period begins and is valid for only the planned level of activity.
A static budget a planning budget is prepared before the period begins and is valid for only the planned level of activity. The answer is OPTION D.
A static budget is a type of planning budget that is prepared in advance of a specific period, such as a fiscal year or a quarter. It is based on the expected level of activity or production for that period and sets spending targets for various cost categories. However, a static budget is only valid for the planned level of activity and does not adjust for changes in actual activity levels.
To assess how well costs were controlled during the period, the static budget should be compared to the actual costs incurred. This comparison helps identify any variations or differences between planned and actual performance, which can provide valuable insights for future budgeting and cost management decisions.
In contrast, a flexible budget is a more dynamic tool that adjusts for changes in activity levels. It allows managers to see how costs should have behaved based on the actual level of activity achieved, providing a more accurate evaluation of cost control performance.
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Waterway Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using (1) the straight-line method, (2) the sum-of-the-years'-digits method, and (3) the double-declining-balance method.
Year
Straight-Line
Sum-of-the-
Years'-Digits
Double-Declining-
Balance
1 $12,420 $20,700 $27,600
2 12,420 16,560 16,560
3 12,420 12,420 9,936
4 12,420 8,280 5,962
5 12,420 4,140 2,042
Total $62,100 $62,100 $62,100
Answer the following questions.
What is the cost of the asset being depreciated?
Cost of asset $
Answer:
$69,000
Explanation:
The double-declining method uses twice the rate of the straight-line depreciation method.
In this case, we need to determine the depreciation rate under the straight-line method. The asset has a useful life of 5 years.
the depreciation rate = 1/5 x 100
=0.2 x 100
=20%
The Depreciation rate for the double-declining method is 40%. The straight-line method considers salvage value at the beginning, but double-declining depreciates until the salvage value.
In the first year under the double-declining method, the depreciation amount was $27,600.
It means 40% of the asset cost is $27,600.
The asset cost is 100%
40%=$27,600
100% = 27,600/40 x 100
=$690 x 100
=$69,000
Asset cost = $69,000
On November 1, 2018, Sandra Company borrowed $200,000 cash on a 1-year, 6% note payable that requires Sandra Company to pay both principal and interest on October 31, 2019. Given no prior adjusting entries have been recorded, the adjusting journal entry on December 31, 2018, Sandra Company's year-end, would include a:___________.
Answer:
Credit to Interest Payable of $2,000
Explanation:
Preparation of the adjusting journal entry on December 31, 2018 for Sandra Company's year-end
In a situation where the interest amount has already been accrued but has not yet been paid we going to debit the Interest Expense with amount of $2,000 and credit Interest Payable with the amount of $2,000 which means that
the interest expense amount that has accrued for both the month of November and December 2018 will be calculated as :
Accrued Interest Expense=$200,000 × 0.06 × 2 / 12
Accrued Interest Expense= $2,000
Therefore the the adjusting journal entry on December 31, 2018, Sandra Company's year-end, would include a: CREDIT to Interest Payable of $2,000
A vertical aggregate supply curve:________
a. Reflects the inflexibility of prices and wages.
b. Implies that aggregate demand shifts have no impact on output.
c. Implies that supply-side policies will have no effect on the macro equilibrium.
d. Is likely in the short run.
Answer:
B. Implies that aggregate demand shifts have no impact on output.
Explanation:
This is a graphical representation that shows the total supply of an economy at different price levels. Generally in economics, it is known to slope upwards. And also what determines the quantities. During the long run, analyzing these forces that govern long-run growth, we did not need to make any reference to the overall level of prices. We learned that if two economies were identical except that one had twice as much money in circulation as the other, the price level would be twice as high in the economy with more money, but the output of goods and services would be the same.
HALLOWEEN IS OVER! THANKSGIVING HERE WE COME YAY!! Thanksgiving is one of my favorite holidays! (Christmas is my other favorite) What are your guy's favorite holidays?!
Answer:
Christmas and Halloween
Explanation:
PERIODT
Answer:
Christmas and Thanksgiving baby
Explanation: purrrrrr
Zander buys $1,000 in U.S. Treasury bonds and spends $1,200 on new tires, which are produced domestically, for his car. How much is added to the U.S. GDP because of this?
Answer:
Amount added in GDP = $2200.
Explanation:
Given:
Spend on treasury bond = $1,000
Spend on tires = $1,200
Find:
Amount added in GDP
Computation:
Amount added in GDP = Consumption + investment
Amount added in GDP = $1200+$1000
Amount added in GDP = $2200
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag.
Required:
a. Determine the economic order quantity.
b. What is the average number of bags on hand?
c. How many orders per year will there be?
d. Compute the total cost of ordering and carrying flour.
Answer:
annual demand = 1,215 bags of flour
ordering costs = $10 per order
annual carrying costs = $75 per bag
a. Determine the economic order quantity.
EOQ = √[(2 x S x D) / H]
EOQ = √[(2 x $10 x 1,215) / $75] = 18 bags of flour
b. What is the average number of bags on hand?
average number of bags on hand = 18 / 2 = 9
c. How many orders per year will there be?
total number of orders per year = 1,215 / 18 = 67.5 orders
d. Compute the total cost of ordering and carrying flour.
total cost of ordering flour = 67.5 x $10 = $675
since we assume that the company keeps operating after the year ends, we can use fractions when calculating the number of orders per year
total cost of carrying flour = 9 x $75 = $675
total cost of ordering and carrying flour = $1,350
The results in the large bakery are as follows:
(a). Economic Order Quantity = 18 Bags of Flour.
(b). Average Number of Bags on Hand = 9 Bags.
(c). Total Number of Orders Per Year = 67.5 orders.
(d). Total cost of ordering and carrying flour = $675.
What is economic order quantity?The Economic Order Quantity is employed to undervalue the costs of the order.
The total costs contain the Fixed Cost and Variable costs. These costs include the acquisition costs from the supplier, ordering costs, and moving costs.
(a). Computation of Economic Order Quantity:
According to the given information,
Annual Demand(D) = 1,215 bags of flour
Ordering Costs(O)= $10 per order
Annual Carrying Costs(C) = $75 per bag
Apply the given values in the formula of Economic Order Quantity,
[tex]\text{Economic Order Quantity} = \sqrt{\dfrac{2 \times O \times D }{C} }\\\\\text{Economic Order Quantity} =\sqrt{\dfrac{2\times \$10 \times \$1,215}{\$75} }\\\\\text{Economic Order Quantity} = 18 \text{bags}[/tex]
Therefore, the Economic Order Quantity is 18 bags.
(b). Computation of the average number of bags on hand:
[tex]\text{Average Number of Bags on Hand} =\dfrac{ \text{Economic Order Quantity}}{2}\\\text{Average Number of Bags on Hand} =\dfrac{18}{2}\\\\\text{Average Number of Bags on Hand} =9 \text{bags}[/tex]
(c). Computation of total numbers of orders per year:
[tex]\text{Total Number of Orders Per Year} = \dfrac{\text{Actual Demand}}{\text{Economic Order Quantity}}\\\\\text{Total Number of Orders Per Year} = \dfrac{1,215}{18}\\\\\text{Total Number of Orders Per Year} =67.5\text{Orders}[/tex]
(d). Computation of the total cost of ordering and carrying flour:
[tex]\text{Total Cost of Ordering Flour} = \text{Total Numbers of Orders Per Year} \times \text{\text{Ordering Cost}}\\\text{Total Cost of Ordering Flour} =9 \times \$75\\\text{Total Cost of Ordering Flour} = \$675[/tex]
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mention at least two reason due to which business is necessary.
Explanation:
Business is essential and promotes the quality of human life for two reasons: for producing economic goods and services and for generating jobs.
Economics is the science that studies and uses the set of actions that use resources to produce and distribute goods and services for consumption whose objective is to assist in the survival and quality of life of individuals. Companies are responsible for producing essential goods and services, such as food, medicine, clothing, etc.
The generation of jobs is also a factor that comes from business, through the human labor force that companies need to operate the business, it is possible to generate income for individuals, strengthen the economy, etc.
What career would a graduate of a drama school be most likely to pursue?
.Fine Artist
.Musician
.Actor
.Dancer
Answer:
actor is the answer. have a good day, and pls mark brainlest
Answer:
Id say actor.
duuuuh if anything dancer
Explanation:
Can I please get brainleist.
Which activity is a good practice when selling online media?
A.
Avoid integrating contests and promotions because this will draw attention away from the product.
B.
Avoid endemic advertising because the ad will not stand out on the page.
C.
Avoid integrating the advertiser’s brand into online content.
D.
Avoid quoting too high a price.
Answer:
For Plato the answer is D: Avoid quoting too high a price.
Explanation:
I got it right
A machine costs $5240 and produces benefits of $1000 at the end of each year for 8 years. Assume an annual interest rate of 10%. What is the payback period (in years)
Answer:
5.24 years
Explanation:
the payback period = $5,240 / $1,000 = 5.24 years
The payback period is the amount of time it takes a project to generate enough cash to cover the initial investment required to carry it out.
You can also calculate the discounted payback period which first calculates the present value of each cash flow:
PV of cash flow 1 = $909.09PV of cash flow 2 = $826.45PV of cash flow 3 = $751.31PV of cash flow 4 = $683.01PV of cash flow 5 = $620.92PV of cash flow 6 = $564.47PV of cash flow 7 = $513.16PV of cash flow 8 = $466.51in this case, the discounted payback period = 7.8 years
In periods subsequent to an asset transfer from a subsidiary to its parent at a gain, what effects continue on the seller's and buyer's books from a consolidated reporting perspective?
a. retained earnings of the seller are overstated
b. retained earnings of the buyer are overstated
c. retained earnings of the seller are understated
d. retained earnings of the buyer are understated
Answer:
a. retained earnings of the seller are overstated
Explanation:
An asset transfer from a subsidiary to its parent at a gain is an Intragroup transaction. Intragroup transactions must be eliminated otherwise the financial statements would be misleading and not have a faithful representation.
The consequence of this transfer is that the Income of the Seller (subsidiary) increases and this also increases the Retained Income Balance of for the Subsequent years. We should eliminate this Income.
A review of the sales, costs, and profit projections for a new product to find out whether they satisfy the company's objectives is called a:______
a. vendor analysis
b. portfolio analysis
c. business analysis
d. SWOT analysis
e. concept analysis
Answer:
c. business analysis
Explanation:
A review of the sales, costs, and profit projections for a new product to find out whether they satisfy the company's objectives is called a business analysis.
This ultimately implies that, many organizations and business owners use business analysis to measure the level of satisfaction with respect to the company's objectives and its customers through the process of analyzing or reviewing the sales, costs and profits projection of its new products before pushing them out into the market.
Calculate the required rate of return for Mudd Enterprises assuming that investors expect a 3.7% rate of inflation in the future. The real risk-free rate is 1.5%, and the market risk premium is 4.5%. Mudd has a beta of 2.3, and its realized rate of return has averaged 9.5% over the past 5 years. Round your answer to two decimal places. %
Answer:
15.55%
Explanation:
Calculation for the required rate of return for Mudd Enterprises
Using this formula
Required rate of return=Risk free rate+(Market risk premium +Stock beta)
Let plug in the formula
Required rate of return=(3.7%+1.5%)+4.5%(2.3)
Required rate of return=5.2%+0.1035
Required rate of return=0.1555*100
Required rate of return=15.55%
Therefore the Required rate of return is 15.55%
If an industry has exactly 10 firms with identical sales, the four-firm concentration ratio must be:___________
a. 40.
b. 60.
c. 90.
d. 10.
Answer:
c
Explanation:
def c
Elena's aunt gave her $100 for her birthday with the condition that Elena buys herself something. In deciding how to spend the money, Elena narrows her options down to four choices: Option A, Option B, Option C, and Option D. Each option costs $100. Finally, she decides on Option B. The opportunity cost of this decision is
Answer: b. the value to Elena of the option she would have chosen had Option B not been available.
Explanation:
The opportunity cost of a course of action is the value of the next best alternative that would have been chosen had the current action not been undertaken.
The opportunity cost to Elena therefore, is the value of whatever option she would have chosen had option B not been available because that would have been the next best alternative.
What distinguishes the true ribs from the false ribs from the floating ribs? What functional advantage is provided by these three types of ribs, i.e., why have three types?
Answer:
Explanation:
For these ribs, the costal cartilage of each attaches to the cartilage of the next higher rib. The last false ribs (11–12) are also called floating (vertebral) ribs, because these ribs do not attach to the sternum at all.
Let understand that the main function of the Ribs is to aid respiration. The rib also serves as a cage to protect vital organ such as Lungs, Heart.
The ribs structure is characterized with 12 thoracic vertebrae.The true ribs are the number 1 to 7 of the thoracic vertebrae, the false ribs are the number 8 to 12 of the thoracic vertebrae and the floating ribs are the number 11 to 12 of the thoracic vertebrae.In conclusion, what distinguish the true ribs from others is that the first seven ribs are connected directly to the sternum which is located at the middle of the chest while the false ribs are linked to the sternum indirectly.
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California Company uses a predetermined overhead rate based on machine hours to apply overhead. The company has the following estimated costs for next year:
Direct materials: 10,000
Direct labour: 30,000
Sales commissions: 40,000
Salary of production supervisor: 20,000
Indirect materials: 4000
Advertising expense: 8000
Rent on factory equipment: 10000
California Company estimates that 10,000 machine hours will be worked during the year. The predetermined overhead rate per machine hour will be:__________
Answer:
$3.40 Per Machine Hour
Explanation:
The computation of the predetermined overhead rate is shown below:
As we know that
Predetermined overhead rate is
= Estimated manufacturing overhead ÷ estimated machine hours
where,
Estiamted Manuafctuing overheads is
= Salary of Prodcution Supervisior + Indirect Material + rent on Factory Equipment
= $20,00 + $4,000 + $10,000
= $34,000
And, the estimated machine hours is 10,000
So, the predetermined overhead rate is
= $34,000 ÷ 10,000
= $3.40 Per Machine Hour
Suppose the State bank of Pakistan instructs its Trading Desk to purchase Pkr 5 billion of securities. Analyze the result of this transaction on the balance sheets of the State bank of Pakistan and commercial banks.
Answer:
In simple words, the transaction given in the question will result different for state bank and commercial banks. Assuming the securities will be purchased from the commercial banks, the balance sheet of commercial banks will decrease assets and will increase their cash balance, thus, resulting in overall no change balance on assets side.
On the other hand, the state bank will add securities on the asset side of the balance sheet and will decrease cash balance.