The United States and Canada share two physical features: the Rocky Mountains and the Great Lakes.
The United States and Canada share the following two physical features:
1. Rocky Mountains: The Rocky Mountains, also known as the Rockies, are a major mountain range that runs from the northernmost part of British Columbia in Canada, through the western United States, and into New Mexico. This expansive mountain system spans both countries, providing a common geographical feature.
2. Great Lakes: The Great Lakes are a group of five interconnected freshwater lakes located in North America, straddling the border between the United States and Canada. The lakes include Lake Superior, Lake Michigan, Lake Huron, Lake Erie, and Lake Ontario. These lakes form the largest group of freshwater lakes by total area in the world and are shared by both countries.
These physical features not only contribute to the natural beauty of the region but also have significant ecological, economic, and recreational importance for both the United States and Canada.
To know more about physical features, refer her:
https://brainly.com/question/13397057
#SPJ4
Berful Industries reports net income of $50,000. Included in its income statement were depreciation expense of $4,000 and amortization expense of $600. Equipment was sold for $3,000cash, at a gain of $200. The firm purchased $9,000 in new equipment during the year, and borrowed $50,000 cash on a long-term note payable. Accounts receivable increased by $6,800, inventories decreased by $3,800, prepaid expenses decreased by $400, accounts payable increased by $9,000, and other accrued liabilities decreased by $900. Calculate net cash flow from operating activities under US GAAP, using the indirect method, and record your answer here. $___
The net cash flow from operating activities under US GAAP, using the indirect method, is $63,100.
To calculate the net cash flow from operating activities using the indirect method, we start with the net income and adjust for non-cash expenses, gains/losses, and changes in working capital accounts.
Given:
Net Income = $50,000
Depreciation Expense = $4,000
Amortization Expense = $600
Gain on Equipment Sale = $200
Increase in Accounts Receivable = $6,800
Decrease in Inventories = $3,800
Decrease in Prepaid Expenses = $400
Increase in Accounts Payable = $9,000
Decrease in Other Accrued Liabilities = $900
Using the indirect method, we adjust net income by adding back non-cash expenses (depreciation and amortization), subtracting gains (gain on equipment sale), and accounting for changes in working capital accounts.
Net cash flow from operating activities = Net Income + Depreciation Expense + Amortization Expense - Gain on Equipment Sale + Increase in Accounts Receivable - Decrease in Inventories - Decrease in Prepaid Expenses + Increase in Accounts Payable - Decrease in Other Accrued Liabilities
Substituting the given values:
Net cash flow from operating activities = $50,000 + $4,000 + $600 - $200 + $6,800 - $3,800 - $400 + $9,000 - $900
Net cash flow from operating activities = $63,100
Hence, the net cash flow from operating activities under US GAAP, using the indirect method, is $63,100.
Learn more about cash flows here:
https://brainly.com/question/30066211
#SPJ11
Identify and discuss examples of how BP might base its
strategies on information from the general environment (6 marks,
300 words).
BP, as a global energy company, relies on information from the general environment to formulate its strategies and make informed business decisions.
Economic Factors: BP closely monitors economic trends and indicators to understand the overall health of the global economy and its impact on energy demand and prices. For instance, during periods of economic growth, BP may develop strategies to invest in expanding its operations and exploring new markets. Conversely, during economic downturns, BP may focus on cost-cutting measures and operational efficiency to maintain profitability.
Political and Regulatory Environment: BP takes into account the political and regulatory landscape in different countries and regions. Changes in government policies, regulations, and international agreements can have significant implications for BP's operations. For example, BP may adjust its strategies in response to evolving environmental regulations, carbon pricing mechanisms, or incentives for renewable energy.
Technological Advancements: BP recognizes the importance of technological advancements in the energy sector. The company monitors developments in areas such as renewable energy, energy storage, digitalization, and automation. By staying informed about emerging technologies, BP can develop strategies to integrate these advancements into its operations, improve efficiency, and explore new business opportunities.
Social and Cultural Factors: BP considers societal and cultural trends to understand evolving consumer preferences, attitudes towards energy sources, and sustainability expectations. For instance, as public concern about climate change and environmental sustainability grows, BP may prioritize investments in low-carbon technologies and renewable energy sources. The company may also align its strategies with social expectations by focusing on community engagement, transparency, and corporate social responsibility.
Competitive Landscape: BP closely monitors its competitors and industry dynamics to identify market opportunities and potential threats. By analyzing competitor strategies, market share, and pricing trends, BP can adjust its own strategies to maintain a competitive advantage. This may involve investments in research and development, acquisitions, partnerships, or diversification into new business segments.
Global Energy Trends: BP actively tracks global energy trends, including shifts in energy consumption patterns, the rise of renewable energy, and geopolitical factors influencing energy markets. This information helps BP anticipate long-term changes in the energy landscape and develop strategies to adapt and position itself as a leader in the evolving energy sector.
In conclusion, BP bases its strategies on information from the general environment to make informed decisions. By considering economic factors, the political and regulatory environment, technological advancements, social and cultural factors, the competitive landscape, and global energy trends, BP can develop strategies that align with market conditions, anticipate future trends, and address stakeholder expectations. Monitoring and leveraging information from the general environment allows BP to navigate challenges, identify opportunities, and sustain its position in the global energy industry.
To know more about global energy, visit:
https://brainly.com/question/27206427
#SPJ11
5) A mining company owns two crushers viz. A and B, which have different production capacities for coarse, medium and low size. The company's monthly production of these sizes is at least 8,12 and 24 tons respectively. It costs the company 2000SR and 1500SR per day to run mill A and B respectively. On a day, Mill A produces 6, 2 and 4 ton of coarse, medium and low size, Mill B produces 2,4 and 12 ton of coarse, medium and low size respectively. How many days per month should each mill be operated in order to meet the monthly production most economically?
To meet the monthly production most economically, Mill A should be operated for 1 day and Mill B should also be operated for 1 day.
To determine the optimal number of days each mill should be operated to meet the monthly production most economically, we need to compare the costs associated with running each mill for different durations.
Let's calculate the cost of running each mill for a specific number of days:
Mill A cost per day = 2000 SR
Mill B cost per day = 1500 SR
Mill A production per day:
Coarse size: 6 tons
Medium size: 2 tons
Low size: 4 tons
Mill B production per day:
Coarse size: 2 tons
Medium size: 4 tons
Low size: 12 tons
Monthly production requirements:
Coarse size: ≥ 8 tons
Medium size: ≥ 12 tons
Low size: ≥ 24 tons
Let's assume Mill A is operated for x days and Mill B is operated for y days in a month.
To meet the monthly production requirements, we can set up the following inequalities:
6x + 2y ≥ 8 (for coarse size)
2x + 4y ≥ 12 (for medium size)
4x + 12y ≥ 24 (for low size)
Simplifying these inequalities, we have:
3x + y ≥ 4 (for coarse size)
x + 2y ≥ 6 (for medium size)
x + 3y ≥ 6 (for low size)
To minimize costs, we need to find the smallest values of x and y that satisfy these inequalities.
Considering the constraints, let's calculate the costs for different scenarios:
Mill A operated for 1 day and Mill B operated for 1 day:
Cost = (2000 SR * 1) + (1500 SR * 1) = 3500 SR
Mill A operated for 2 days and Mill B operated for 1 day:
Cost = (2000 SR * 2) + (1500 SR * 1) = 5500 SR
Mill A operated for 1 day and Mill B operated for 2 days:
Cost = (2000 SR * 1) + (1500 SR * 2) = 5000 SR
Mill A operated for 2 days and Mill B operated for 2 days:
Cost = (2000 SR * 2) + (1500 SR * 2) = 7000 SR
From these scenarios, it is clear that operating Mill A for 1 day and Mill B for 1 day results in the lowest cost.
Therefore, to meet the monthly production most economically, Mill A should be operated for 1 day and Mill B should also be operated for 1 day.
Learn more about production from the given link
https://brainly.com/question/16755022
#SPJ11
1.Which of the following by itself is consistent with the directions that the price level and real GDP changed at the onset of the Great Depression?
a)aggregate demand shifted right
b)aggregate demand shifted left
c)aggregate supply shifted right
d)aggregate supply shifted left
2.Which of the following alone can explain the change in the price level and output during World War II?
a)aggregate demand shifted left
b)aggregate supply shifted right
c)aggregate supply shifted left
d)aggregate demand shifted right
3.Stagflation is caused by
a)a leftward shift in the short-run aggregate supply curve.
b)a leftward shift in the aggregate demand curve.
c)a rightward shift in the short-run aggregate supply curve.
d)a rightward shift in the aggregate demand curve.
4.Keynes's liquidity preference theory of the interest rate suggests that the interest rate is determined by
a. aggregate supply and aggregate demand.
b.the supply and demand for money.
c.the supply and demand for labor.
d.the supply and demand for loanable funds.
5.The initial impact of an increase in government spending is to shift
a.aggregate supply to the right.
b.aggregate demand to the left.
c.aggregate demand to the right.
d.aggregate supply to the left.
1. (b) aggregate demand shifted left 2. (b) aggregate supply shifted right
3. (a) a leftward shift in the short-run aggregate supply curve 4. (b) the supply and demand for money 5. (c) aggregate demand to the right
1. (b) aggregate demand shifted left:
During the onset of the Great Depression, both the price level and real GDP experienced a decrease. This is consistent with a leftward shift in aggregate demand. A decrease in aggregate demand means that there is less overall spending in the economy, leading to a decrease in both the price level and real GDP.
2. (b) aggregate supply shifted right:
During World War II, there was a significant increase in production and output, accompanied by an increase in the price level. This is consistent with a rightward shift in aggregate supply. An increase in aggregate supply means that the economy is able to produce more goods and services at every price level, leading to an increase in output and potentially causing an increase in the price level.
3. (a) a leftward shift in the short-run aggregate supply curve:
Stagflation refers to a situation where there is a combination of high inflation and high unemployment. This is caused by a leftward shift in the short-run aggregate supply curve. When the short-run aggregate supply curve shifts left, it means that the economy's ability to produce goods and services has decreased, leading to a decrease in output and an increase in the price level.
4. (b) the supply and demand for money:
Keynes's liquidity preference theory of the interest rate suggests that the interest rate is determined by the supply and demand for money. According to this theory, individuals and firms hold money for transactional purposes as well as for precautionary and speculative motives. The equilibrium interest rate is determined by the intersection of the supply and demand for money.
5. (c) aggregate demand to the right:
An increase in government spending initially shifts aggregate demand to the right. When the government spends more, it increases overall spending in the economy, leading to an increase in aggregate demand. This can result in an increase in both the price level and real GDP in the short run.
learn more about interest rate here:
https://brainly.com/question/28236069
#SPJ11
Which of the following is most likely a correct statement in regards to stock valuation models? 1. The lower the expected dividends and higher the discount rate, the higher the value of the stock today, with all else being constant II. The lower the required return on the stock, the lower the projected dividends for the stock, with all else being constant. III. The higher the expected growth rate of dividends, the higher the value of the stock I onty 11 and 111 11 only None of the above
None of the above is a correct statement in regards to stock valuation models. All the provided option are incorrect.
Statement I is incorrect. According to stock valuation models, such as the Dividend Discount Model (DDM), the higher the expected dividends and lower the discount rate (required return), the higher the value of the stock today.
Statement II is incorrect. The required return on the stock does not directly affect the projected dividends. The projected dividends are determined based on the company's performance and expected future cash flows.
Statement III is incorrect. While a higher expected growth rate of dividends can contribute to a higher value of the stock, it is not the sole factor. Other factors such as the discount rate and the consistency of dividend growth also play important roles in determining the value of the stock.
Learn more about stock here:
https://brainly.com/question/31476517
#SPJ11
- What are the six stages of change? Be able to identify examples of each.
- What questions should be asked in addressing each of the six change dimensions?
- What are the signs of a leader who Demonstrates Commitment?
- What are the critical parts of shaping vision for employees?
- What are the three main perspectives on Market Orientation? In their conceptualization of Market Orientation, which authors highlight Gathering, Disseminating and Responding to Market Intelligence? Which authors highlight Customer Orientation? Which authors highlight Organizational Culture?
1. The six stages of change, according to the Transtheoretical Model of Change, are:
a) Precontemplation: The individual is not yet considering change and may be unaware of the need for it. Example: A person who is in denial about their unhealthy eating habits and does not see a reason to change.
b) Contemplation: The individual starts to recognize the need for change but has not taken any action yet. Example: A smoker who acknowledges the health risks associated with smoking but has not committed to quitting.
c) Preparation: The individual intends to take action and starts planning for change. Example: Someone researching different exercise programs and healthy eating plans to start a healthier lifestyle.
d) Action: The individual takes visible steps toward implementing the desired change. Example: A person who joins a gym, starts exercising regularly, and adopts a healthier diet.
e) Maintenance: The individual works to sustain the changes made during the action stage and prevent relapse. Example: A person who continues to exercise regularly and make healthy food choices to maintain weight loss.
f) Termination: The individual has successfully integrated the change into their life, and it becomes a permanent part of their behavior. Example: A former smoker who has completely eliminated cigarettes from their life and has no desire to go back.
2. When addressing each of the six change dimensions, the following questions can be asked:
a) What needs to change? (Scope dimension)
b) Why does it need to change? (Objectives dimension)
c) Who will be affected by the change? (Stakeholders dimension)
d) When will the change occur? (Timing dimension)
e) How will the change be implemented? (Resource dimension)
f) Who will lead and support the change? (Leadership dimension)
3. Signs of a leader who demonstrates commitment include:
- Actively participating in the change process.
- Communicating the importance of the change to the organization.
- Allocating resources and providing support for the change initiative.
- Leading by example and modeling the desired behaviors.
- Making decisions that align with the change objectives.
- Continuously reinforcing the need for change and addressing resistance.
4. Critical parts of shaping vision for employees include:
- Clearly communicating the purpose, values, and goals of the organization.
- Linking the vision to employees' individual roles and responsibilities.
- Ensuring the vision is realistic, inspiring, and aligned with the organization's mission.
- Involving employees in the vision-setting process to increase buy-in and ownership.
- Providing regular updates and progress reports to keep employees informed and engaged.
- Fostering a culture of transparency, trust, and collaboration to support the vision.
5. The three main perspectives on Market Orientation are:
- Gathering, Disseminating, and Responding to Market Intelligence: This perspective highlights the importance of actively collecting market information, analyzing it.
- Customer Orientation: This perspective focuses on understanding and satisfying customer needs and preferences.
- Organizational Culture: This perspective emphasizes the role of the entire organization in developing a customer-focused culture. Authors like Ruekert and Walker highlight the need for shared values etc
To know more about Market Orientation visit-
https://brainly.com/question/28544112
#SPJ11
OilPro and GreaseTech are the only two firms that provide oil changes in a local market. The market is best analysed by the Stackelberg model. OilPro is the leader in the market and Grease Tech is the follower. The oil changes provided by each firm are identical. The market inverse demand for oil changes is P = 100 – 2Q. Marginal cost for both firms is €20.
Calculate the output level of both firms in the Stackelberg equilibrium.
In the Stackelberg equilibrium, OilPro, the market leader, will produce 32 oil changes, while GreaseTech, the follower, will produce 16 oil changes.
To find the leader's optimal output level, we need to substitute the follower's best response function into the market demand equation.Since the follower's output is half of the leader's output (Q_follower = Q_leader / 2), we can rewrite the demand equation as:[tex]P = 100 - 2(Q_leader + Q_leader/2)[/tex]; [tex]P = 100 - 2.5Q_leader[/tex]Now, we can set the marginal cost equal to the marginal revenue to find the leader's optimal output level: Marginal cost = Marginal revenue[tex]€20 = d(100 - 2.5Q_leader)/d[/tex]Q_leader. Solving this equation will give us the leader's optimal output level (Q_leader).Determine the leader's optimal output level (Q_leader):€20 = d([tex]100 - 2.5Q[/tex]_leader)/dQ_leader€20[tex]= -2.5[/tex]Q_leader [tex]= (100 - 20) / 2.5[/tex]Q_leader [tex]= 32[/tex]Determine the follower's output level (Q_follower):
Q_follower = Q_leader / 2Q_follower[tex]= 32 / 2[/tex]Q_follower [tex]= 16[/tex]Therefore, in the Stackelberg equilibrium, the leader (OilPro) will produce an output level of 32 oil changes, while the follower (GreaseTech) will produce an output level of 16 oil changes.
To learn more about equilibrium, visit here
https://brainly.com/question/30694482
#SPJ11
what is the difference between 1245 property and 1250 property
The main difference between 1245 property and 1250 property lies in their depreciation rules for tax purposes.
In more detail, 1245 property refers to tangible and intangible personal property used in business or held for the production of income. This includes assets such as machinery, equipment, vehicles, and certain types of intangible assets like copyrights and patents. The key characteristic of 1245 property is that it can be depreciated over a shorter recovery period compared to 1250 property.
On the other hand, 1250 property refers to real property, such as buildings and structural components, that is used in a trade or business or held for the production of income. While 1250 property can also be depreciated, it typically has a longer recovery period than 1245 property.
To provide a more detailed explanation, the Internal Revenue Service (IRS) allows businesses to depreciate the cost of assets over their useful lives to reflect their gradual wear and tear, obsolescence, or decline in value. The depreciation expense is deducted from the business's taxable income, reducing the amount of income subject to taxation.
The distinction between 1245 and 1250 property arises from the Modified Accelerated Cost Recovery System (MACRS), which sets the rules for depreciating assets for tax purposes. Under MACRS, 1245 property is generally depreciated using a shorter recovery period, usually over five or seven years, through the use of the Accelerated Cost Recovery System (ACRS) or the General Depreciation System (GDS). The shorter recovery period allows businesses to deduct a larger portion of the asset's cost in the early years of its useful life, providing a larger tax benefit.
In contrast, 1250 property is subject to longer recovery periods, typically 27.5 years for residential rental property and 39 years for nonresidential real property. The longer recovery period for 1250 property results in a slower annual depreciation expense and a smaller tax deduction compared to 1245 property.
It's important for businesses to properly classify their assets as either 1245 or 1250 property, as it affects the calculation of depreciation expense and can have significant tax implications. Consulting with a tax professional or referring to the IRS guidelines can provide more specific information and guidance based on individual circumstances.
Learn more about tax here : brainly.com/question/31851456
#SPJ11
A register disbursement fraud is what kind of occupational
fraud?
Corruption
Asset misappropriation
Fraudulent statements
None of the above
A register disbursement fraud is a type of asset misappropriation occupational fraud.
Register disbursement fraud refers to the act of manipulating cash registers or payment systems to misappropriate funds for personal gain.
This type of fraud falls under the category of asset misappropriation, which involves the theft or misuse of an organization's resources for personal benefit. Asset misappropriation is one of the three main types of occupational fraud, along with corruption and fraudulent statements.
Corruption typically involves the abuse of power or position to gain illicit benefits, such as bribery or kickbacks. Fraudulent statements, on the other hand, involve intentionally misrepresenting financial information or making false statements to deceive others. While both corruption and fraudulent statements are forms of occupational fraud, they are not directly related to register disbursement fraud.
In the case of register disbursement fraud, individuals exploit weaknesses in the cash handling processes to steal funds. This may include actions such as pocketing cash from sales transactions, processing fake refunds, or altering records to hide the theft. The primary objective of register disbursement fraud is the unauthorized acquisition of monetary assets, making it a subset of asset misappropriation.
Learn more about financial here:
https://brainly.com/question/28319639
#SPJ11
if you want to know the present value of $10,000 received in one year, and the interest rate is 4 percent, what formula can you use?
The formula you can use is the present value formula, which is: PV = FV / (1 + r), where PV is the present value, FV is the future value ($10,000), and r is the interest rate (4% or 0.04).
The present value formula calculates the current worth of a future sum of money. By dividing the future value by (1 + interest rate), you discount the future value to its present equivalent, accounting for the time value of money. In this case, dividing $10,000 by (1 + 0.04) gives you the present value after one year.
Sure! The formula being used here is called the present value formula. It helps determine the current worth of a future sum of money by taking into account the concept of the time value of money.
In this case, the future value is $10,000, which you will receive in one year. The interest rate is given as 4%, or 0.04 as a decimal.
To calculate the present value, you divide the future value ($10,000) by (1 + interest rate). Adding 1 to the interest rate accounts for the interest earned over the year.
By dividing $10,000 by (1 + 0.04), you obtain the present value of the amount you will receive in one year. This calculation adjusts the future value to reflect its current worth based on the interest rate.
Learn more about interest rate here:
https://brainly.com/question/14556630
#SPJ11
Create a Business Plan of podcast business:
1.Partnership agreement
2.Management bios
3.Revenue model
4.Break-even analysis
5.Cash Flow analysis
repayment schedule
7.Client demographic analysis
Partnership Agreement: Establish a legal agreement outlining the roles, responsibilities, and profit-sharing structure among partners.
2. Management Bios: Provide detailed profiles of key management team members, highlighting their relevant experience, skills, and qualifications. revenue Model: Outline the sources of revenue, such as sponsorships, advertising, merchandise sales, and potential paid subscriptions or donations from listeners. break-even Analysis: Determine the point at which the podcast business covers all expenses and begins generating a profit.
Cash Flow Analysis & Repayment Schedule: Evaluate the inflow and outflow of cash, ensuring sufficient funds to cover operational expenses and create a schedule for repaying any loans or investments.client Demographic Analysis: Identify the target audience for the podcast, including their age, gender, interests, and preferences, to tailor content and attract advertisers effectively. in summary, the business plan for the podcast business includes a partnership agreement, management bios, a revenue model, break-even analysis, cash flow analysis with a repayment schedule, and a client demographic analysis to guide decision-making and attract sponsors and advertisers effectively.
Learn more about agreement here:
https://brainly.com/question/32579265
#SPJ11
Hodgkiss Mfg., Inc., is currently operating at only 87 percent of fixed asset capacity. Fixed assets are $366,600. Current sales are $470,000 and projected to grow to $578,046. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity.
Multiple Choice
$26,688
$26,945
$84,276
$25,662
$24,379
Based on given data, amount of $26,945 in new fixed assets are required to support this growth in sales.
To calculate the amount of new fixed assets required, we can use the following formula:
New fixed assets = (Projected sales / Fixed asset capacity) - Existing fixed assets
First, we need to calculate the fixed asset capacity. Since the company is currently operating at 87 percent of fixed asset capacity, we can calculate the fixed asset capacity as follows:
Fixed asset capacity = Fixed assets / 0.87 = 366,600/0.87=421,379.31
Next, we can use the formula above to calculate the amount of new fixed assets required:
New fixed assets = (578,046/421,379.31) - 366,600 =26,945.04
Therefore, $26,945 in new fixed assets are required to support this growth in sales.
Learn more about fixed assets here: brainly.com/question/33513415
#SPJ11
The Cobbler sells its inventory in 26 days on average. Their customers generally charge their purchases on a privately branded charge card with payment being received in 34 days. The company takes 39 days on average to pay for its inventory. Given this information, what is the length of the company’s cash cycle?
Multiple Choice
24 days
60 days
21 days
99 days
31 days
The length of the company's cash cycle can be calculated by adding the average collection period (ACP) and the average payment period (APP) and subtracting the average inventory holding period (AIHP).
ACP = 34 days (payment received from customers)
APP = 39 days (payment made to suppliers)
AIHP = 26 days (inventory sold on average)
Cash Cycle = ACP + APP - AIHP
Cash Cycle = 34 days + 39 days - 26 days
Cash Cycle = 47 days
Based on the calculations, the length of the company's cash cycle is 47 days. Therefore, none of the provided multiple-choice options matches the correct answer.
To know more about average collection period, visit;
https://brainly.com/question/31860005
#SPJ11
1 Problem 1 (7 marks) (14 minutes) 2 Michael Inc., a publicly accountable entity, sells specialized equipment on December 31,2020 . The equipment could have been purchased for a cash price of $3,250,000 3 however, the purchaser opted to sign a note payable with the following terms: - interest payments of $75,000 on December 31, 2021, 2022, 2023 and 2024 and - a final payment of $3,500,000 on December 31, 2024. Required: i) Prepare all journal entries relative to this note for Michael Inc. (the seller) for the years ending December 31,2020 and 2021 ( 5 marks). ii) If instead, Michael Inc. is a private company subject to ASPE, prepare the December 31,2021 journal entry using the more simple method allowed under ASPE. (2 marks) 10 RESPONSE: 11 12 13
i) Journal entries for Michael Inc. (the seller) for the years ending December 31, 2020, and 2021:
December 31, 2020:
The equipment is sold on a note payable with a principal amount of $3,250,000.
Equipment (debit) $3,250,000
Notes Receivable (credit) $3,250,000
December 31, 2021:
Interest payment of $75,000 is due on the note.
Notes Receivable (debit) $75,000
Interest Revenue (credit) $75,000
ii) Journal entry using the more simple method allowed under ASPE:
December 31, 2021:
The interest revenue is recognized at the time of payment.
Cash (debit) $75,000
Interest Revenue (credit) $75,000
i) Journal entries for Michael Inc. (the seller) for the years ending December 31, 2020, and 2021:
December 31, 2020: To record the sale of equipment on note payable.
Equipment (debit) $3,250,000
Notes Receivable (credit) $3,250,000
December 31, 2021: To record the interest payment on the note.
Notes Receivable (debit) $75,000
Interest Revenue (credit) $75,000
ii) If Michael Inc. is a private company subject to ASPE, the more simple method allowed under ASPE can be used. According to the simple interest method, the interest revenue is recognized at the time of payment rather than over the life of the note. Therefore, the December 31, 2021 journal entry would be:
Cash (debit) $75,000
Interest Revenue (credit) $75,000
In summary, for Michael Inc., the journal entry for December 31, 2020, would record the sale of equipment on note payable, while the journal entry for December 31, 2021, would record the interest payment on the note. If Michael Inc. were a private company subject to ASPE, the December 31, 2021 journal entry would be simplified, recognizing the interest revenue at the time of payment.
Learn more about Journal entries here:
brainly.com/question/33045014
#SPJ11
After Misha finishes her Bachelor of Commerce degree (in Australia) she travels to the UK to work as an accountant for three years. During that time, she rents a flat and makes many friends. Her UK salary is paid into a UK bank account. At the end of the three-year period, she has saved enough money to travel. Misha then spends a year travelling around Europe and a year travelling around North America. During that time, she sells her shares in BHP and makes a capital gain of $1 million. She is very happy because she has been told by a friend that she will not have to pay income tax on that capital gain. Her income tax would be approximately $240,000. At the end of her travels, she returns to Australia.
Required
Discuss the residency of Misha. Is she liable to pay income tax on the capital gain? Your answer should focus on Misha's residence and liability to pay tax in Australia.
Misha's extensive stay abroad and the absence of strong ties to Australia during her travels may suggest that she could be considered a non-resident for tax purposes. As a non-resident, Misha may not be liable to pay income tax on the capital gain in Australia.
Misha's residency status is crucial in determining her liability to pay tax on capital gain in Australia. Based on the given information, Misha's residency is not clearly defined. However, the Australian tax system follows the concept of "residency for tax purposes," which considers various factors such as the length and nature of stay, ties to Australia, and intention to reside.
Determining residency for tax purposes in Australia involves considering factors such as the individual's physical presence, ties to Australia (including family, accommodation, and economic connections), and intention to reside. Based on the given information, Misha spent a significant amount of time abroad, residing in the UK for three years and then traveling for two years. This extended period of absence from Australia, coupled with the fact that her salary was paid into a UK bank account, suggests a potential non-resident status.
Additionally, Misha's capital gain from selling shares in BHP occurred during her travels outside Australia. Capital gains tax in Australia generally applies to residents, but non-residents are generally not subject to capital gains tax unless the gains are derived from taxable Australian property. The shares in BHP are likely considered taxable Australian property, and as a non-resident, Misha may still be subject to capital gains tax in Australia on the $1 million gain.
It is important to note that residency determination is complex and depends on the specific circumstances and facts of each case. To obtain a definitive answer regarding Misha's residency status and tax obligations, it is advisable to consult with a qualified tax professional or seek guidance from the Australian Taxation Office.
Learn more about non-resident status at:
https://brainly.com/question/32082515
#SPJ11
Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharon's office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharon's first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, "Micron." At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, "Look, I know you're new but you should know this. I heard last week that Dave's brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character." Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Dave's previous preferred suppliers.
Sharon Gillespie, a new buyer at Visionex, Inc., is reviewing quotations for a tooling contract. Her manager, Dave Cox, initially supports her decision but later suggests another supplier, Micron, which happens to have connections to Dave's brother-in-law.
Sharon is faced with a dilemma as she learns about the potential conflict of interest. Mark Smith, another buyer, warns Sharon about Dave's questionable character and his previous influence over supplier selection. Despite the pressure, Sharon remains steadfast in her original choice.
In this scenario, Sharon is faced with an ethical dilemma regarding supplier selection. Initially, Sharon evaluates the quotations objectively based on price, quality, and delivery lead time. However, Dave's involvement introduces a potential conflict of interest. He expresses a preference for Micron, which is linked to his brother-in-law. This raises concerns about favoritism and unfair influence in supplier selection.
Mark's revelation about Dave's previous interference with supplier choices adds further credibility to the suspicion of unethical behavior. Mark implies that Dave may have used his position to steer business towards his preferred suppliers in the past.
Sharon's response to the situation is commendable. Despite the pressure from her manager and the knowledge of Dave's questionable character, she remains steadfast in her original choice, Apex. By maintaining her integrity and standing by her evaluation of the quotations, Sharon demonstrates ethical decision-making and a commitment to fair and unbiased supplier selection.
This scenario highlights the importance of ethical conduct in business relationships and the potential consequences of conflicts of interest. Sharon's actions serve as an example of the need for professionalism and adherence to ethical standards, even in the face of potential pressure or interference from superiors.
Learn more about potential conflict of interest here:
https://brainly.com/question/30584684
#SPJ11
Tan Company purchased a large server for $39,000. The company paid 35.00% of the value as a down-payment and received a loan for the balance at 5.50% compounded monthly. The loan has a term of 3 years and Tan Company has to make month-end payments to settle the loan.
a. What is the size of the month-end payments? Round to the nearest cent
The size of the month-end payments for the loan is approximately $756.74.
To calculate the size of the month-end payments, we first need to determine the loan amount. Since the down-payment is 35% of the server's value, the loan amount would be the remaining 65% of $39,000.
Loan amount = 65% of $39,000 = $25,350
Next, we can calculate the monthly interest rate by dividing the annual interest rate by 12.
Monthly interest rate = 5.50% / 12 = 0.0045833 (rounded to 6 decimal places)
To find the size of the month-end payments, we can use the formula for calculating the monthly payment on a loan with compound interest:
Payment = Loan amount * (monthly interest rate / (1 - (1 + monthly interest rate)^(-number of months)))
In this case, the number of months is 3 years * 12 months = 36 months.
Payment = $25,350 * (0.0045833 / (1 - (1 + 0.0045833)^(-36)))
Using this formula, the size of the month-end payments would be approximately $756.74 (rounded to the nearest cent).
Learn more about interest here:
https://brainly.com/question/30393144
#SPJ11
The Fed wants to increase the money supply (which is currently $5,000 ) by $250. The money multiplier is 2 , and people hold no cash. For each 1 percentage point the discount rate falls, banks borrow an additional $10. Explain how the Fed can achieve its goals using the following tools:
a. Change the reserve requirement. Instructions: Enter your response rounded to the nearest whole number. The Fed should …. the reserve requirement to …. percent.
b. Change the discount rate. Instructions: Enter your response rounded to two decimal places. The Fed should … the rate by … percentage points.
c. Use open market operations. Instructions: Enter your response rounded to two decimal places. The Fed should … $ ….. worth of bonds.
A. To keep the money supply at $250, the Fed can adjust the requirement.
Required Reserves is the percentage of deposits that banks are required to hold as required reserves. By lowering the requirement, banks can hold a smaller portion of their deposits as reserves and lend a larger portion of their funds.
B.
We can use the account number to calculate changes in certain code. Balance is, for example, the balance of what is necessary. In this case, the money multiplier is 2, implying that the reserve is 1/2 or 50%.
The Fed needs to lower its reserve limit to 25% to meet its $250 growth requirement.
By reducing private needs, banks will have more money to lend, thereby expanding the money and profit margin from the lending process.
To know more about money supply :
https://brainly.com/question/30218160
#SPJ4
what is the professional developmental model for an engineer?
Included flow diagrams and explaination
Engineers' professional development model involves continuous learning, education, experience, and ongoing development.
The flow diagram:
Education →→ Practical Experience →→Specialized Training →→ Ongoing Professional Development
The professional development model for engineers can be visualized using a flow diagram that represents the sequential stages of their career progression.
The first stage involves formal education, which includes obtaining a degree in engineering or a related field. This provides the foundational technical knowledge and theoretical understanding required for engineering practice.
The second stage is gaining practical experience through internships, entry-level positions, or apprenticeships. This hands-on experience allows engineers to apply their knowledge in real-world settings and develop practical skills.
It also provides an opportunity to work alongside experienced professionals and learn from their expertise.
The third stage involves specialized training and certifications in specific areas of engineering. This may include attending workshops, pursuing postgraduate studies, or obtaining professional certifications related to a particular engineering discipline.
Specialized training enhances engineers' expertise and enables them to tackle complex challenges in their field.
Lastly, the professional development model emphasizes the importance of continuous learning and ongoing professional development throughout an engineer's career.
This involves staying updated with the latest industry trends, advancements in technology, and regulatory requirements. Engineers are encouraged to participate in conferences, seminars, and workshops, engage in professional networks, and pursue further education to enhance their knowledge and skills.
Learn more about industry here:
https://brainly.com/question/30454410
#SPJ11
Polluter Pay Principle requires polluter pay: Not yet answered Select one: Marked out of
a. exact amount of environmental damages in the area
b. exact amount of environmental damages from their activities
c. less than amount of environmental damages from their activities
d. more and above the amount of environmental damages from their activities
The Polluter Pay Principle requires polluters to pay for their environmental damage, ideally more than the exact amount, to ensure accountability and encourage environmental protection.
The Polluter Pay Principle (PPP) requires polluters to pay the exact amount of environmental damages caused by their activities. The PPP is a principle used to make sure that companies or individuals who engage in polluting the environment should pay for the damages that they caused. This principle is very important because it helps to discourage companies or individuals from polluting the environment. The Polluter Pay Principle is a principle that is used to determine who should pay for environmental damages. According to this principle, companies or individuals who engage in polluting the environment should be responsible for paying for the damages that they caused. The PPP is important because it helps to ensure that the cost of environmental damage is borne by those who cause the damage. This principle is used by governments to ensure that companies or individuals who pollute the environment are held accountable for their actions.
In conclusion, the Polluter Pay Principle requires polluters to pay for the exact amount of environmental damage caused by their activities. This principle is important because it helps to hold companies or individuals accountable for their actions and discourages them from polluting the environment.
To know more about environmental protection
https://brainly.com/question/29693476
#SPJ11
The market value of equity is $1000 and of debt is $600, the
cost of debt is 3.9%, beta equity is 1.2, risk- free is 3%, market
return is 9%, and the tax rate is 30%, calculate the after-tax
WACC.
To calculate the after-tax weighted average cost of capital (WACC), we need to consider the proportions of equity and debt in the capital structure and their respective costs.
Given:Market value of equity (E) = $1000Market value of debt (D) = $600Cost of debt (rD) = 3.9%Beta of equity (βE) = 1.2Risk-free rate (rf) = 3%Market return (rm) = 9%Tax rate (T) = 30%First, we calculate the cost of equity (rE) using the capital asset pricing model (CAPM):rE = rf + βE * (rm - rf)rE = 3% + 1.2 * (9% - 3%)rE = 9.6%Next, we calculate the weighted average cost of capital (WACC):WACC = (E / V) * rE + (D / V) * rD * (1 - T)Where V = E + D is the total market value of the firm.V = $1000 + $600 = $1600WACC = (1000 / 1600) * 9.6% + (600 / 1600) * 3.9% * (1 - 30%)
learn more about weighted here:
https://brainly.com/question/15517387
#SPJ11
Question 26 (1 point) Amount of money demanded in billions If the supply of money is equal to 280 B, what is the equilibrium rate of interest? A Question 34 (2 points) Using the information in the previous question. If the Fed sells securities in an attempt to change the interest rate bv 2%, what is the new supply of money (Sm) ? A.
The new supply of money (Sm) would be 252 billion.
To determine the equilibrium rate of interest, we need more information about the demand for money. The equilibrium rate of interest is determined by the intersection of the money demand and money supply curves.
However, based on the given information that the supply of money is 280 billion (B), we can calculate the new supply of money (Sm) if the Federal Reserve (Fed) sells securities to change the interest rate by 2%.
When the Fed sells securities, it decreases the money supply in the economy. This action is known as an open market operation. By selling securities, the Fed withdraws money from circulation, reducing the overall supply of money.
To calculate the new supply of money, we need to know the proportion of the money supply affected by the Fed's actions. Let's assume that the Fed's securities sale affects 10% of the money supply.
Therefore, the reduction in the money supply due to the Fed's actions would be 10% of 280 billion, which is 28 billion (0.10 * 280 billion).
The new supply of money (Sm) would be the original supply of money (280 billion) minus the reduction (28 billion), resulting in a new supply of money equal to 252 billion (280 billion - 28 billion).
To learn more about supply
https://brainly.com/question/1222851
#SPJ11
Berful Industries has fixed costs of $400,000, unit variable costs of $30, and its only product sells for $80 per unit.
a. Calculate the unit contribution margin $___________
b. Calculate unit contribution margin ratio ____________
c. Calculate breakeven in units ____________
d.Calculate unit sales required to generate a profit of $200,000.
____________ units
e. Calculate new breakeven point in units if fixed costs decline to $360,000. ____________ units
f. Calculate new breakeven point in units if the sales price increases to $90 per unit and fixed costs decline to $360,000.
Berful Industries has fixed costs of $400,000, unit variable costs of $30, and a selling price of $80 per unit.
We will calculate the unit contribution margin, unit contribution margin ratio, breakeven in units, unit sales required to generate a profit of $200,000, the new breakeven point in units if fixed costs decline to $360,000, and the new breakeven point in units if the sales price increases to $90 per unit and fixed costs decline to $360,000.
a. Unit Contribution Margin:
Unit Contribution Margin = Selling Price per Unit - Unit Variable Cost
Unit Contribution Margin = $80 - $30 = $50
b. Unit Contribution Margin Ratio:
Unit Contribution Margin Ratio = Unit Contribution Margin / Selling Price per Unit
Unit Contribution Margin Ratio = $50 / $80 = 0.625 or 62.5%
c. Breakeven in Units:
Breakeven in Units = Fixed Costs / Unit Contribution Margin
Breakeven in Units = $400,000 / $50 = 8,000 units
d. Unit Sales required to generate a profit of $200,000:
Profit = (Unit Sales - Breakeven in Units) * Unit Contribution Margin
$200,000 = (Unit Sales - 8,000) * $50
Unit Sales - 8,000 = $200,000 / $50
Unit Sales - 8,000 = 4,000
Unit Sales = 8,000 + 4,000 = 12,000 units
e. New Breakeven Point in Units if fixed costs decline to $360,000:
Breakeven in Units = $360,000 / $50 = 7,200 units
f. New Breakeven Point in Units if the sales price increases to $90 per unit and fixed costs decline to $360,000:
Breakeven in Units = $360,000 / ($90 - $30) = 5,000 units
Therefore, the unit contribution margin is $50, the unit contribution margin ratio is 62.5%, the breakeven point is 8,000 units, the unit sales required to generate a profit of $200,000 is 12,000 units, the new breakeven point with reduced fixed costs is 7,200 units, and the new breakeven point with increased sales price and reduced fixed costs is 5,000 units.
Learn more about selling price here: https://brainly.com/question/32614449
#SPJ11
Barnaby wants to buy a car from a trustworthy German company and has €100,000 to do so. Barnaby likes having money, but hates destroying the environment. A car that causes 0% destruction of the environment costs €100,000 (leaving Barnaby with no money.) It is also possible to buy cheaper cars, but for every €1000 saved, the environment is destroyed by 2 percentage points. Draw a graph with increasing money on the vertical-axis and increasing environmental destruction on the horizontal-axis. (a) Represent Barnaby's budget set on this graph. [5 marks] (b) Barnaby's preferences are strictly concave. (i.e. the indifference curves are curvy.) Represent Barnaby's preferences in the money / environmental destruction graph. Draw three utility curves, indicating which is the highest
Barnaby's budget set, along with his preferences represented by the indifference curves, showcases the trade-off he faces between his desire for money and his concern for environmental destruction when choosing a car.
(a) Barnaby's budget set can be represented on the graph as a downward-sloping straight line starting from the point (€100,000, 0) on the vertical axis and intersecting the horizontal axis at (0, 50). This line represents all the combinations of money and environmental destruction that Barnaby can choose from within his budget constraint. As Barnaby spends more money on a car, the level of environmental destruction increases proportionally. Conversely, if he chooses a cheaper car, he can save money but at the expense of higher environmental destruction.
(b) Barnaby's preferences, being strictly concave, can be represented by curved indifference curves on the money/environmental destruction graph. These indifference curves show the combinations of money and environmental destruction that provide the same level of utility or satisfaction for Barnaby. Since Barnaby hates destroying the environment, his indifference curves will be downward-sloping and convex to the origin.
To illustrate Barnaby's preferences, three utility curves can be drawn on the graph. The highest utility curve would be the farthest from the origin, indicating the most preferred combination of money and environmental destruction for Barnaby. The other two utility curves would be drawn closer to the origin, representing lower levels of utility.
Learn more about utility curve here:
https://brainly.com/question/33439307
#SPJ11
1.1 Different levels of cognitive demands in tasks
1.1.1. Select a specific content area and design an activity or task. Clearly identify the activity outcomes.
1.1.1.1. Evaluate your activity or task according to different levels of cognitive demands based on Stein et al (2000). State the category into which you think your task falls.
1.1.1.2. Explain why you think your task falls in the category specified in 1.1.1.1.
1.1.1.3. Write a paragraph describing to what extent and in what ways you think the task might promote mathematical reasoning.
Designing a task to promote mathematical reasoning in the content area of geometry.
Activity Outcome: Students will analyze and classify different types of polygons based on their properties.
Evaluation of Task Category: The task falls into the "Analyzing" category according to Stein et al. (2000).
The task falls into the "Analyzing" category because it requires students to break down and examine the characteristics of different polygons. They need to analyze the properties of each polygon, such as the number of sides, angles, and symmetry, in order to classify them correctly. This category emphasizes higher-order thinking skills and the ability to analyze and make connections between different mathematical concepts.
Promoting Mathematical Reasoning: The task promotes mathematical reasoning by requiring students to think critically and apply their knowledge of geometry. By analyzing the properties of polygons, students are encouraged to use logical reasoning and make connections between different geometric concepts.
They need to consider the relationships between angles, sides, and symmetries to correctly classify the polygons. This task also encourages students to justify their reasoning and communicate their mathematical thinking, promoting the development of mathematical reasoning skills. By engaging in such activities, students can enhance their problem-solving abilities, logical thinking, and mathematical understanding.
Learn more about properties here: brainly.com/question/30540277
#SPJ11
All of the following are inputs to the Control Schedule process EXCEPT: Select one: a. Work performance data b. Scheduling tool. c. Modeling techniques. d. Performance reviews
The input that is NOT part of the Control Schedule process is performance reviews, option d.
The Control Schedule process is part of project management, specifically within the Project Time Management knowledge area. Its purpose is to monitor and control the project schedule, ensuring that it stays on track and any deviations or delays are addressed promptly. To accomplish this, various inputs are utilized.
Work performance data is an essential input to the Control Schedule process. It includes information about the progress and status of the project tasks, such as actual start and finish dates, remaining work, and completed work. This data helps in comparing the planned schedule with the actual progress, identifying any variances, and determining the necessary actions to keep the project on schedule.
Scheduling tools are another critical input. These tools aid in creating, updating, and tracking the project schedule. They provide functionalities like scheduling algorithms, resource allocation, and dependency management. Scheduling tools can generate reports and visual representations of the project timeline, helping project managers monitor the schedule's progress and identify any deviations.
Modeling techniques, such as simulation or mathematical models, are also utilized as inputs. These techniques enable project managers to analyze different scenarios and predict the potential impact on the project schedule. They help in understanding the critical paths, resource constraints, and potential risks to schedule adherence.
However, performance reviews are not typically considered an input to the Control Schedule process. Performance reviews are more commonly associated with the Control Quality or Control Procurements processes, where they assess the quality of deliverables or evaluate the performance of external vendors. In the context of controlling the project schedule, performance reviews are not directly relevant as an input.
Learn more about performance reviews here:
https://brainly.com/question/31440405
#SPJ11
Amwell Pte Ltd, a company tax resident in Singapore, sent its employees to South Korea to receive training on customer service from Smile Inc, a company tax resident in South Korea. Explain if the training fees charged by Smile Inc to Amwell will be subject to Singapore withholding tax.
Byron Pte Ltd (BPL), a Singapore tax resident company, derived dividend income from Byron Corporation, a company resident in Country Y where the headline tax rate is 18%. The net dividend of $18,000, after 10% withholding tax in Country Y was used to settle an invoice owing by BPL to its supplier in Country Y on 6 March 2021. BPL's financial year ends on 31 July.
Explain if the foreign dividend is received in Singapore and whether BPL will be subject to Singapore tax on the said income in the relevant Year of Assessment.
Regarding the first scenario involving Amwell Pte Ltd and Smile Inc, if Smile Inc, as a company tax resident in South Korea, charges training fees to Amwell, a company tax resident in Singapore.
In general, under Singapore's domestic tax laws, payments made to non-residents for services performed outside of Singapore are not subject to withholding tax. However, it is essential to consider any specific provisions within the Singapore-South Korea tax treaty, as treaties can override domestic tax laws. The tax treaty may provide rules on the taxation of fees for technical services or training services.
Regarding the second scenario involving Byron Pte Ltd (BPL) and the foreign dividend received from Byron Corporation in Country Y, the treatment of the dividend income for Singapore tax purposes depends on Singapore's tax laws and any applicable tax treaties.
In this case, assuming BPL is a Singapore tax resident company and meets the necessary conditions for the exemption, the net dividend of $18,000 received after the 10% withholding tax in Country Y would generally not be subject to Singapore tax in the relevant Year of Assessment.
To learn more about tax resident follow:
https://brainly.com/question/14863770
#SPJ11
Test Bank 11.32 What does the internal rate of return compare? Selected answer will be automatically saved. For keyboard navisation, press upjdown arrow keys to seiect an answer. a the NPV of one project to the NPB of another project b the return of one project to the weighted average cost of capital c the return of one project to the PI index d the lifespan of one project to another project Project A has a net present value of $10,500, while project B bas a net present value of $25,000. The company can select only one project. Which project should it select, and why? Selected answer will be autematically saved. For keyboard runigation, press ug, fowen arrow keys fo select an answer. a project A because it has a higher NPV than project B b project B because it has a higher NPV than project A c project A because it has a lower NPV than project B d project B because it has a lower NPV than project A
1. The internal rate of return (IRR) compares the return of a project to the weighted average cost of capital (WACC). Therefore, the correct option is b. the return of one project to the weighted average cost of capital.
2. In this case, the company should select project B because it has a higher net present value (NPV) of $25,000 compared to project A's NPV of $10,500. Option b. "project B because it has a higher NPV than project A" is the correct choice.
The internal rate of return (IRR) is a financial metric used to assess the profitability of an investment project. It compares the return generated by a project to the weighted average cost of capital (WACC). By calculating the IRR, analysts can determine whether the project's return exceeds the cost of capital. If the IRR is higher than the WACC, the project is considered potentially lucrative. This comparison helps investors and companies evaluate the viability of a project and make informed decisions regarding resource allocation and investment choices.
When deciding between two projects, the net present value (NPV) is a crucial criterion. It measures the difference between the present value of cash inflows and outflows associated with a project. In this scenario, project B has a higher NPV of $25,000 compared to project A's NPV of $10,500. Choosing project B is the logical decision because a higher NPV indicates a greater expected profitability over the project's lifespan. By selecting project B, the company maximizes its potential for generating positive cash flows and achieving higher returns on investment.
Options B and B are correct.
Learn more about rate of return: https://brainly.com/question/30761579
#SPJ11
Southland Company is preparing a cash budget for August. The compary has $7,800 cash at the begirning of August und anticipates $122.400 in cash receipts and $135,300 in cash payments during August. Southland Company wants to maintain a minimumi cash balance of \$10,000. The preliminary cash balance at the end of August before any loan activity is
Multiple Choice
a $14,900
b $14,200
c $27,800
d ($12.900)
e $4,900
The preliminary cash balance at the end of August before any loan activity is (d) $12,900.
Calculation of preliminary cash balance at the end of August before any loan activity:
The total cash balance at the beginning of August = $7,800
Cash receipts expected for August = $122,400
Cash payments expected for August = $135,300
Minimum cash balance that Southland Company wants to maintain = $10,000
Therefore, the total cash balance needed at the end of August = $10,000
Total cash receipts expected = $122,400Total cash payments expected = $135,300
Therefore, the preliminary cash balance at the end of August before any loan activity is:
[tex]= \$7800 + \$122400 - \$135300 - \$10000 \\ &\\= - \$12900 \end{aligned}[/tex]
Therefore, the answer is (d) $12,900.
Know more about cash balance here:
https://brainly.com/question/29406151
#SPJ11
TRUE / FALSE.
COLLUSION IS AN AGREEMENT AMONG SUPPLIERS TO SET THE PRICE OF A PRODUCT OR THE QUANTITIES EACH WILL PRODUCE. True False
The statement "Collusion is an agreement among suppliers to get the price of a product or the quantities each will produce" is true as It coordinates competing firms to eliminate competition in a market.
Collusion refers to an agreement or collaboration among suppliers to manipulate the price of a product or control the quantities each supplier will produce. It involves coordination among competing firms to eliminate or reduce competition in a market. The goal of collusion is typically to increase profits by collectively setting higher prices or reducing output levels, which can be detrimental to consumers and the overall market efficiency.
Collusion is generally considered an anticompetitive practice and is illegal in many jurisdictions, as it undermines the principles of free market competition. It restricts consumer choice, limits innovation, and can lead to higher prices and reduced product quality. Governments and regulatory authorities often enforce strict antitrust laws to prevent and punish collusive behavior, promoting fair competition and protecting consumer welfare.
To know more about Collusion, refer here:
https://brainly.com/question/14409158#
#SPJ11