Auditors may choose not to confirm accounts payable because confirmation obtains evidence identical to that obtained by cutoff tests.
Cutoff tests are procedures that allow auditors to verify that transactions recorded at the end of the accounting period are properly included in the correct period. If auditors have already performed these tests and obtained reliable external evidence to support the balances, they may determine that confirmation is unnecessary. Additionally, if the balances due are likely to have changed between the year-end and the date of confirmation, auditors may choose not to confirm accounts payable as the information may no longer be accurate.
To know more about Auditors visit:
https://brainly.com/question/30227005
#SPJ11
Information, product data, skill sheets, and references required to meet the lesson plan requirements are referred to as
Information, product data, skill sheets, and references required to meet the lesson plan requirements are referred to as instructional resources.
These resources are essential for the successful implementation of a lesson plan, as they provide teachers and students with the necessary tools and materials to achieve the desired learning outcomes.
Instructional resources can include textbooks, online resources, visual aids, and hands-on materials. These resources aid in delivering information in a structured and engaging manner, ensuring that students can effectively understand and retain the knowledge being presented.
Product data and skill sheets are examples of instructional resources that provide specific, detailed information about a subject or a skill to be learned. They help break down complex topics into manageable parts, making it easier for students to grasp the concepts and apply them in practice.
In conclusion, instructional resources, such as information, product data, skill sheets, and references, play a crucial role in meeting the requirements of a lesson plan. They facilitate the delivery of the content and help ensure that students can effectively learn, practice, and apply the knowledge and skills being taught.
Know more about lesson plan here:
https://brainly.com/question/30253652
#SPJ11
The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed
The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed as "cost-volume-profit analysis" or CVP analysis. CVP analysis is a vital tool in managerial accounting, as it helps businesses understand the impact of varying levels of production and sales on their overall costs, revenues, and profits.
1. Identify the relevant variables: Determine the fixed costs (expenses that remain constant regardless of the production volume) and variable costs (expenses that change with the level of production) for your business.
2. Establish the contribution margin: Calculate the contribution margin by subtracting variable costs per unit from the selling price per unit. This represents the profit per unit before considering fixed costs.
3. Determine the breakeven point: Calculate the breakeven point in units by dividing the total fixed costs by the contribution margin per unit. This represents the number of units that must be sold to cover all costs (both fixed and variable) and achieve zero profit.
4. Analyze the profit: Estimate the profit at different levels of sales volume by multiplying the contribution margin per unit by the number of units sold, then subtracting the total fixed costs.
5. Assess the impact of changes: Evaluate how changes in selling price, variable costs, or fixed costs affect the breakeven point and profit levels. By using CVP analysis, businesses can make informed decisions regarding pricing strategies, production levels, and cost management to maximize profitability.
For more such questions on production
https://brainly.com/question/7924898
#SPJ11
A stock is expected to maintain a constant dividend growth rate of 4.9 percent indefinitely. If the stock has a dividend yield of 6.2 percent, what is the required return on the stock
Thus, if an investor who buys this stock expects to earn a return of 11.1% per annum, which is the sum of the dividend yield and the expected growth rate of the dividends.
The required return on the stock can be calculated using the dividend discount model (DDM). According to the DDM, the value of a stock is equal to the present value of all its future dividends. Therefore, the formula for calculating the required return is:
Required return = Dividend yield + Dividend growth rate
In this case, the dividend growth rate is given as 4.9 percent and the dividend yield is 6.2 percent. Thus, substituting these values in the above formula, we get:
Required return = 6.2% + 4.9% = 11.1%
This means that an investor who buys this stock expects to earn a return of 11.1% per annum, which is the sum of the dividend yield and the expected growth rate of the dividends.
Know more about the dividend discount model (DDM).
https://brainly.com/question/15798462
#SPJ11
Supply-side economists: a. disagreed with economist Arthur Laffer's views on taxes. b. believe that government regulations do not reduce productivity and undermine industrial efficiency. c. were influential in President Reagan's decision to change the tax structure. d. saw influence beyond in both the Bush and Clinton administrations.
The correct answer is c. were influential in President Reagan's decision to change the tax structure.
Supply-side economists, also known as "Reaganomics," were influential in the Reagan administration's decision to reduce taxes in the 1980s as a means of stimulating economic growth and increasing productivity. They believed that reducing taxes and government regulation would lead to increased investment, production, and employment, resulting in long-term economic growth. The theory was controversial, and there were debates over its effectiveness and potential negative consequences, but it had a significant impact on economic policy during the Reagan administration.
Learn more about tax structure.
https://brainly.com/question/13745838
#SPJ4
what happens to stock prices if the change in r1t is expected to be temporary, that is, last only for one period
If the change in r1t is expected to be temporary and last only for one period, it may not have a significant impact on stock prices. This is because investors and market participants tend to focus on longer-term trends and developments in the economy and financial markets.
If the change in r1t is expected to be short-lived, it may not alter the overall outlook for the market or individual companies, and therefore may not result in significant changes in stock prices. However, if the change in r1t is unexpected or is seen as a harbinger of broader economic or financial market shifts, it could still have a noticeable effect on stock prices, even if it is only temporary. In general, the impact of any one factor on stock prices depends on a variety of other factors and the overall state of the market at the time.
I understand that you want to know what happens to stock prices if the change in r1t is expected to be temporary, lasting only for one period.
When the change in r1t (the return on a stock during period t) is expected to be temporary, stock prices will generally react accordingly, but with a limited impact. Since investors are aware that the change will only last for one period, they will adjust their expectations and investment strategies, causing the stock price to exhibit a short-term change. However, this change in stock price will likely not have a significant long-term effect, as investors anticipate a return to the previous level of returns in the subsequent periods.
To know more about temporary visit:
https://brainly.com/question/31052248
#SPJ11
All activities involved in selling, renting, and providing products and services to ultimate consumers for personal, family, or household use are referred to as __________. Group of answer choices manufacturing. wholesaling. retailing. logistics.
All activities involved in selling, renting, and providing products and services to ultimate consumers for personal, family, or household use are referred to as retailing.
Retailing is the final stage in the distribution process, where the products or services are made available to the end-users.
Retailing involves a range of activities, such as selecting the right products to offer to customers, pricing them appropriately, promoting and advertising the products to attract customers, and providing a satisfactory customer experience.
Retailers may operate in physical storefronts or online, and can range from small independent stores to large multinational chains.
The primary goal of retailing is to satisfy the needs and wants of customers while generating a profit for the retailer.
To know more about retailing refer here
https://brainly.com/question/31402865
#SPJ11
ameroon Corporation manufactures and sells electric staplers for $17 each. If 14,400 units were sold in December, and management forecasts 5% growth in sales each month, the number of units of electric stapler sales budgeted for February should be:
The number of units of electric stapler sales budgeted for February should be 15,876 units.
Based on the information given, we know that Ameeroon Corporation sold 14,400 units of electric staplers in December for $17 each. To calculate the sales budget for February, we need to take into account the 5% growth in sales each month.
To do this, we can use the following formula:
Sales Budget = Previous Sales * (1 + Growth Rate)^Number of Months
In this case, the previous sales are 14,400 units and the growth rate is 5%. We need to calculate the number of months from December to February, which is 2 months.
Plugging in the numbers, we get:
Sales Budget = 14,400 * (1 + 0.05)^2
Sales Budget = 14,400 * 1.1025
Sales Budget = 15,876 units
Learn more about budgeted here
https://brainly.com/question/25353134
#SPJ11
Company A is structured like many other major companies, but its goal is to benefit society, not to make money, company A is a:
Company A is a type of social enterprise or a nonprofit organization that aims to benefit society through its activities, rather than solely pursuing profit as its primary goal.
These types of organizations may have a similar structure to for-profit companies, but their mission and objectives are centered around creating positive social and environmental impact. Unlike traditional businesses, social enterprises reinvest their profits into their social mission, rather than distributing them to shareholders.
Some examples of social enterprises include fair trade organizations, community development corporations, and social service agencies. By prioritizing social and environmental outcomes, these organizations seek to create sustainable and equitable solutions for a wide range of societal issues.
Learn more about social enterprise
https://brainly.com/question/28419534
#SPJ4
A _________ strategy is a general way of positioning a firm within an industry. Group of answer choices marked standard micro pattern generic
A 4- generic strategy is a broad, general approach that a firm can take to position itself within an industry.
This approach typically focuses on either cost leadership, differentiation, or a combination of the two.
A cost leadership strategy involves achieving the lowest cost of production or delivery of a product or service in an industry. This allows the firm to offer its products or services at a lower price than its competitors, thereby gaining a competitive advantage.
A differentiation strategy involves creating a unique and valuable product or service that sets the firm apart from its competitors. This allows the firm to charge a premium price for its products or services, and to attract customers who are willing to pay more for the added value.
A firm may also pursue a combination of cost leadership and differentiation, known as a "best-cost" strategy, in which it seeks to offer a product or service with a balance of low cost and high value.
learn more about Generic strategy here:
https://brainly.com/question/14368717
#SPJ11
the complete question is:
A _________ strategy is a general way of positioning a firm within an industry. Group of answer choices 1-marked standard
2micro
3-pattern
4-generic
Direct materials$ 20per unit Direct labor$ 22per unit Variable overhead$ 13per unit Fixed overhead$ 44,000per year Variable selling and administrative expenses$ 3per unit Fixed selling and administrative expenses$ 67,200per year Sales price$ 90per unit Ramort doubles its production from 22,000 to 44,000 units while sales remain at the current 22,000 unit level. (a) Compute gross profit when production is 44,000 units under absorption costing. (b) What is the change in gross profit by increasing production from 22,000 units to 44,000 units under absorption costing
(a) The gross profit when production is 44,000 units under absorption costing is $770,000.
(b) The change in gross profit by increasing production from 22,000 units to 44,000 units under absorption costing is $726,000.
To calculate the gross profit when production is 44,000 units under absorption costing, consider the costs and expenses associated with production and sales.
(a) Gross profit when production is 44,000 units under absorption costing:
Calculate the total variable cost per unit:
Total variable cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit
Total variable cost per unit = [tex]\$20 + \$22 + $13 = \$55 per unit[/tex]
Calculate the total fixed cost per unit:
Total fixed cost per unit = (Fixed overhead per year + Fixed selling and administrative expenses per year) / Total units produced
Total fixed cost per unit = [tex](\$44,000 + \$67,200) / 44,000 units = \$3.10 per unit[/tex]
Calculate the cost of goods sold (COGS):
COGS = [tex]' Total variable cost per unit' * 'Total units sold'[/tex]
COGS = [tex]\$55 * 22,000 units[/tex]
= $1,210,000
Calculate the gross profit:
Gross profit = Total sales revenue - COGS
Gross profit = [tex]\text {Sales price per unit} * \text{Total units sold} - COGS\\[/tex]
Gross profit = [tex]\$90 * 22,000 units - \$1,210,000[/tex]
After calculation,
Gross profit = [tex]\$1,980,000 - \$1,210,000[/tex]
Gross profit = $770,000
Therefore, the gross profit when production is 44,000 units under absorption costing is $770,000.
(b) To determine the change in gross profit by increasing production from 22,000 units to 44,000 units under absorption costing, calculate the gross profit for both scenarios and compare them:
Gross profit when production is 22,000 units under absorption costing. Using the same calculations as above, the gross profit is $770,000. The gross profit when production is 44,000 units under absorption costing is $770,000.
Therefore, there is no change in gross profit when production is increased from 22,000 units to 44,000 units under absorption costing.
Gross profit helps in showing the difference between net sales revenue and the cost of goods sold (COGS). It tells the profitability of a company's core operations, like the production or sale of goods.
Gross profit calculates the amount of money an organization keeps after subtracting the direct costs of producing or acquiring the goods that has been sold.
Learn more about gross profit here:
https://brainly.com/question/29784859
#SPJ12
(a) The net benefit when creation is 44,000 units under retention costing is - $595,200.
(b) The adjustment of net benefit by expanding creation from 22,000 units to 44,000 units under retention costing is $0.
(a) Net benefit when creation is 44,000 units under ingestion costing:
To begin with, we should work out the all out fixed assembling above per unit:
All out Fixed Assembling Above = Fixed Above/Creation Amount
=$44,000/22,000 units
=$2 for each unit
Cost per Unit = Direct Materials + Direct Work + Variable Above + All out Fixed Assembling Above
= $20 + $22 + $13 + $2
=$57
All out Assembling Cost = Cost per Unit * Creation Amount
= $57 * 44,000 units
= $2,508,000
All out Cost of Products Sold = Complete Assembling Cost + Fixed Selling and Authoritative Costs
= $2,508,000 + $67,200
= $2,575,200
Net Benefit = Complete Deals - Absolute Expense of Merchandise Sold
Net Benefit = Deals Cost per Unit * Deals Amount - All out Cost of Products Sold
= $90 * 22,000 units - $2,575,200
= $1,980,000 - $2,575,200
= -$595,200
(b) Change in net benefit by expanding creation from 22,000 units to 44,000 units under retention costing:
To work out the adjustment of net benefit, we want to look at the net benefits at the two creation levels.
Net Benefit at 22,000 units = $1,980,000 - $2,575,200 = - $595,200
Net Benefit at 44,000 units = - $595,200
The adjustment of net benefit is the contrast between the two levels:
Change in Net Benefit = Net Benefit at 44,000 units - Net Benefit at 22,000 units
Change in Net Benefit = - $595,200 - (- $595,200)
Change in Net Benefit = $0
Learn more about net benefit, from:
brainly.com/question/30701604
#SPJ12
If the actual quantity of direct materials used in producing a commodity differs from the standard quantity, the variance is termed: Group of answer choices controllable variance price variance quantity variance rate variance
If the actual quantity of direct materials used in producing a commodity differs from the standard quantity, the variance is termed quantity variance.
Quantity variance is the difference between the actual quantity of material used and the standard quantity allowed for the actual output, multiplied by the standard price per unit of material. This variance is used to determine whether the actual usage of materials is more or less than the expected or standard usage. If the actual quantity used is more than the standard, it results in an unfavorable variance, while if the actual quantity used is less than the standard, it results in a favorable variance. A favorable variance is desirable as it indicates that the business is using its resources efficiently. Conversely, an unfavorable variance is undesirable as it indicates inefficiencies in the production process.
Learn more about variance here
https://brainly.com/question/15858152
#SPJ11
In order to void a contract for the sale of consumer goods based on intoxication, a person would need to prove that:
In order to void a contract for the sale of consumer goods based on intoxication, a person would need to prove that they were not capable of understanding the nature and consequences of their actions at the time the contract was entered into.
This means that the individual would need to provide evidence that they were so intoxicated that they did not have the mental capacity to comprehend the terms of the contract and the impact of their agreement. It is important to note that this defense can only be used if the intoxication was not voluntary and was caused by the actions of the other party, such as being given drugs or alcohol without consent. Additionally, the individual must act promptly to void the contract once they become aware of their intoxicated state. Overall, it can be difficult to use intoxication as a defense to void a contract, and legal advice should be sought in such situations.
To learn more about consumer goods, visit:
https://brainly.com/question/13701986
#SPJ11
When determining which business units to retain in the corporate portfolio, the Boston Consulting Group developed a decision matrix. In this model, what's a name for a firm with high market share units within fast-growing industries
In the Boston Consulting Group's decision matrix, a firm with high market share units within fast-growing industries is referred to as a "star."
Stars are business units that have a high market share in a fast-growing market or industry and are expected to generate a significant amount of revenue and profits in the future. They require significant investment to maintain their position and continue growing but have the potential to become cash cows in the future.
The BCG matrix also categorizes other business units as "cash cows," "question marks," and "dogs," based on their market share and industry growth rates.
Learn more about fast-growing market
https://brainly.com/question/28168038
#SPJ4
The following data are the seasonally adjusted percent changes from the preceding month for the United States. February 2020 March 2020 Total PPI -0.5 -0.4 Core PPI -0.1 -0.2 The aggregate price level in March 2020, as measured by the total PPI, was _____ it was in February 2020
The seasonally adjusted percent change from February 2020 to March 2020 for the Total PPI was -0.4. the aggregate price level in March 2020, as measured by the Total PPI, was about 0.4% lower than it was in February 2020.
To calculate the aggregate price level in March 2020 relative to February 2020, we can use the following formula:
Aggregate Price Level = 100% + Percent Change
Plugging in the percent change, we get:
Aggregate Price Level = 100% - 0.4%
= 99.6%
Therefore, the aggregate price level in March 2020, as measured by the Total PPI, was about 0.4% lower than it was in February 2020.
Learn more about seasonally adjusted
https://brainly.com/question/29529481
#SPJ4
8. Rosen Fashions’ common stock recently paid a dividend of $2.75. Investors require a 18% rate of return on this stock. Rosen earns a 30% return on equity. The firm pays 55% of its earnings as dividends, and reinvests 45% of earnings in the firm. What is the value of the stock? a) $61 d) $15 b) $69 e) $17 c) $208
The value of Rosen Fashions' common stock is approximately $69.36. So, the correct answer is b) $69.
To find the value of Rosen Fashions' common stock, we need to use the Dividend Discount Model (DDM). The DDM calculates the value of a stock based on the present value of future dividend payments. Here's the step-by-step explanation:
1. Find the dividend growth rate: Since Rosen Fashions earns a 30% return on equity and reinvests 45% of earnings in the firm, the growth rate (g) can be calculated as follows:
g = Return on equity * Retention ratio
g = 0.3 * 0.45
g = 0.135 or 13.5%
2. Calculate the required rate of return (k): Investors require an 18% rate of return on this stock, so k = 0.18 or 18%.
3. Determine the most recent dividend (D0): The most recent dividend paid was $2.75.
4. Calculate the expected dividend next year (D1): Since we know the dividend growth rate, we can find the expected dividend next year:
D1 = D0 * (1 + g)
D1 = 2.75 * (1 + 0.135)
D1 = 2.75 * 1.135
D1 = $3.12125
5. Finally, find the value of the stock (P0) using the DDM formula:
P0 = D1 / (k - g)
P0 = 3.12125 / (0.18 - 0.135)
P0 = 3.12125 / 0.045
P0 = $69.36111
Based on the calculations, the value of Rosen Fashions' common stock is approximately $69.36. So, the correct answer is b) $69.
Learn more about Dividend Discount Model here:
https://brainly.com/question/31686730
#SPJ11
1. A carpet manufacturer has delivered carpet directly to the end consumer rather than to the carpet dealer. The carpet manufacturer is practicing what
In this scenario, the carpet manufacturer is practicing a distribution strategy known as direct-to-consumer (DTC) or direct-to-customer (DTC) distribution. This means that instead of selling their products to a middleman such as a carpet dealer or retailer, the manufacturer is selling their products directly to the end consumer.
This distribution strategy has become increasingly popular in recent years due to the rise of e-commerce and the ability for manufacturers to reach consumers through their own online channels. By bypassing traditional distribution channels, manufacturers can often offer lower prices to consumers while still maintaining a healthy profit margin. Additionally, DTC distribution allows manufacturers to have more control over the marketing and branding of their products, as well as more direct access to customer feedback and preferences.
However, DTC distribution can also have some drawbacks. Manufacturers may have to invest more in their own marketing and customer service efforts, as they no longer have a middleman to handle these aspects of the business. Additionally, cutting out intermediaries in the distribution process may strain relationships with dealers and retailers who feel threatened by the manufacturer's direct sales to consumers.
In summary, the carpet manufacturer in this scenario is practicing direct-to-consumer distribution, which can have both benefits and drawbacks for the business.
Learn more about distribution strategy here:
https://brainly.com/question/20372599
#SPJ11
In assessing the internal environment, the strategic planning team at the hospital discovers that 90% of staff members have no idea what the current mission statement means. Which is the most likely related to
The most likely related term to this situation is "organizational culture." The fact that a large majority of staff members are not aware of the hospital's mission statement suggests a disconnect between the organization's stated values and the actual behaviors and beliefs of its employees.
This indicates a need for the hospital to reassess and potentially realign its organizational culture in order to better communicate and reinforce its mission statement throughout the organization.
To address this issue, the hospital's strategic planning team should take steps to improve communication, simplify the mission statement, provide adequate training and orientation, and consistently reinforce the mission statement across the organization.
To know more about strategic planning visit:
https://brainly.com/question/16699515
#SPJ11
In Reimbursement, the primary insurance plan for a child of divorced parents, the ___________________________ plan is primary.
In reimbursement, the primary insurance plan for a child of divorced parents is determined by the order of liability set forth in the court's decree of divorce or separation.
This means that if the decree designates one parent's insurance plan as the primary plan, that plan will be responsible for paying for the child's medical expenses first, up to the limits of its coverage.
If the primary plan's coverage is exhausted or insufficient, the secondary plan (i.e. the other parent's insurance plan) will then become responsible for paying the remaining expenses.
It is important for divorced parents to understand and follow the order of liability set forth in their decree to avoid confusion and potential disputes regarding insurance coverage and reimbursement.
To know more about insurance plan visit:
https://brainly.com/question/2835356
#SPJ11
If fixed lease payments are reduced and everything else remains constant, Multiple Choice times interest earned goes up. fixed charge coverage goes up. fixed charge coverage stays the same. debt to total assets goes down.
If fixed lease payments are reduced and everything else remains constant, the fixed charge coverage goes up. Fixed charge coverage is a measure of a company's ability to meet its fixed obligations, including lease payments, interest payments, and other fixed charges.
When the fixed lease payments are reduced, it means that the company has more cash available to cover other fixed charges, which increases the fixed charge coverage ratio. This, in turn, indicates that the company is in a better financial position and can meet its fixed obligations more easily. Times interest earned, on the other hand, measures a company's ability to meet its interest payments, which are not affected by the reduction in lease payments. Therefore, times interest earned would remain the same if fixed lease payments are reduced and everything else remains constant. Debt to total assets would go down if the reduction in lease payments results in a decrease in debt. However, if everything else remains constant, then debt to total assets would stay the same. In summary, if fixed lease payments are reduced and everything else remains constant, the fixed charge coverage goes up.
Learn more about coverage here
https://brainly.com/question/31295723
#SPJ11
Which type of leader develops positive relationships, both within and outside the organization, and spends time learning others' views and building mutually beneficial alliances
The type of leader that develops positive relationships, both within and outside the organization, and spends time learning others' views and building mutually beneficial alliances is a transformational leader.
This type of leader focuses on building relationships with their team members and creating a positive work culture that fosters collaboration, communication, and teamwork. Transformational leaders also prioritize building relationships with external stakeholders, such as clients, customers, and partners, to create mutually beneficial alliances that drive growth and success for the organization.
To develop positive relationships, transformational leaders prioritize active listening, empathy, and communication. They seek to understand others' perspectives and build trust by valuing their opinions and feedback. They also recognize that building strong relationships requires ongoing effort and prioritize investing time and resources to nurture these connections.
Overall, transformational leaders are highly effective at developing positive relationships both within and outside the organization, which drives success and fosters a positive work environment for everyone involved.
To know more about transformational leader visit:
https://brainly.com/question/30230453
#SPJ11
When managers ask all of the job applicants the same set of standard questions in an interview, this is an example of a(n) ______ interview.
When managers ask all of the job applicants the same set of standard questions in an interview, this is an example of a structured interview.
Structured interviews are a common type of interview used in the hiring process. They involve a set of pre-determined questions that are asked of each candidate in the same order. Structured interviews are designed to eliminate bias in the hiring process by ensuring that each candidate is evaluated on the same set of criteria. Structured interviews are typically used in situations where there are a large number of candidates for a position or when the job requires specific skills or experience.
They are also useful in industries where there are high turnover rates or where the work is highly repetitive. They are more objective, as each candidate is asked the same set of questions in the same order. This helps to eliminate any potential bias that may arise from differences in the interviewer's approach or questioning style.
Structured interviews are also more reliable and valid, as they provide a standardized measure of the candidate's abilities and qualifications. In conclusion, structured interviews are an effective way to assess job applicants in a fair and objective manner. By using a standardized set of questions, managers can evaluate each candidate's qualifications in a consistent and reliable way, which can ultimately lead to better hiring decisions.
know more about structured interview here:
https://brainly.com/question/15744938
#SPJ11
A law firm hires Deliah, a recent law school graduate. Their contract provides that the firm's obligation to continue employing Deliah is discharged if she fails to pass the bar exam by her second attempt. This would be called:
The contract provision that allows the law firm to discharge Deliah if she fails to pass the bar exam by her second attempt is called a conditional employment contract.
A conditional employment contract is a type of employment contract that is subject to certain conditions or requirements, such as passing a certification exam, meeting performance goals, or obtaining a required license. In this case, Deliah's continued employment with the law firm is conditioned on her passing the bar exam by her second attempt. If she fails to meet this condition, the law firm is no longer obligated to continue employing her.
It is important to note that conditional employment contracts must be clearly written and understood by both parties, and any consequences of failing to meet the conditions must be clearly stated. This helps to prevent misunderstandings and disputes between employers and employees.
To know more about employment contract visit :
https://brainly.com/question/31609527
#SPJ11
The EPBO for a particular employee on January 1, 2018, was $34,000. The APBO at the beginning of the year was $6,800. The appropriate discount rate for this postretirement plan is 8%. The employee is expected to serve the company for a total of 25 years with 5 of those years already served as of January 1, 2018. What is the APBO at December 31, 2018
the APBO at December 31, 2018, is $8,704.The EPBO for a particular employee on January 1, 2018, was $34,000. The APBO at the beginning of the year was $6,800. The appropriate discount rate for this postretirement plan is 8%.
To calculate the APBO at December 31, 2018, we need to determine the interest cost and the service cost for the year.
Service cost = (EPBO at beginning of year) x (benefit formula)
Service cost = ($34,000) x (1/25)
Service cost = $1,360
Interest cost = (APBO at beginning of year) x (discount rate)
Interest cost = ($6,800) x (0.08)
Interest cost = $544
The APBO at December 31, 2018, can now be calculated as follows:
APBO at December 31, 2018 = (APBO at beginning of year) + (service cost) + (interest cost)
APBO at December 31, 2018 = ($6,800) + ($1,360) + ($544)
APBO at December 31, 2018 = $8,704
Learn more about APBO here:
https://brainly.com/question/31367493
#SPJ11
The Roscoe Company's March 31 bank statement balance was $72,500. As of March 31, outstanding checks total $23,000 and deposits in transit total $15,500. Assuming there are no other reconciling items, what was the March 31 cash balance on Roscoe's books
March 31 cash balance on Roscoe's books was $65,000.
We first need to understand what a bank reconciliation is. A bank reconciliation is a process of comparing the balance in a company's accounting records with the balance shown on the bank statement.
This is done to identify any differences and reconcile them to ensure that the company's records match the bank's records. Now, let's look at the information provided in the question. The bank statement balance on March 31 was $72,500. However, there were outstanding checks totaling $23,000 that had not cleared the bank by March 31, and there were deposits in transit totaling $15,500 that had not been credited to the account by March 31. These are the two items that need to be reconciled.
To reconcile these items, we need to adjust the bank statement balance. We do this by subtracting the outstanding checks and adding the deposits in transit. The adjusted bank statement balance is calculated as follows:
Bank statement balance: $72,500
Outstanding checks: -$23,000
Deposits in transit: +$15,500
Adjusted bank statement balance: $65,000
Now, we need to determine the cash balance on Roscoe's books as of March 31. To do this, we need to take into account any transactions that may have occurred since the last bank statement. If there were no other reconciling items, then the cash balance on Roscoe's books should be the adjusted bank statement balance of $65,000.
In summary, assuming there are no other reconciling items, the March 31 cash balance on Roscoe's books was $65,000. This was calculated by adjusting the bank statement balance for outstanding checks and deposits in transit. I hope this long answer helps!
To calculate the March 31 cash balance on Roscoe's books, we need to consider the bank statement balance, outstanding checks, and deposits in transit. Here's a step-by-step explanation:
1. Start with the March 31 bank statement balance: $72,500.
2. Subtract the total outstanding checks: $72,500 - $23,000 = $49,500.
3. Add the total deposits in transit: $49,500 + $15,500 = $65,000.
Based on this information, the March 31 cash balance on Roscoe's books was $65,000.
Learn more about bank reconciliation
https://brainly.com/question/15525383
#SPJ11
Stine Company purchased machinery with a list price of $96,000. They were given a 10% discount by the manufacturer. They paid $600 for shipping and sales tax of $4,500. Stine estimates that the machinery will have a useful life of 10 years and a residual value of $30,000. If Stine uses straight-line depreciation, annual depreciation will be Group of answer choices $6,150. $6,108. $9,150. $5,640.
Option a: After the calculation of the given data the machinery has a yearly depreciation cost of $6,150.
We must first establish the machinery's cost base in order to compute the annual depreciation of the equipment Stine Company purchased.
The cost base includes the purchase price as well as any additional fees incurred during the acquisition and installation of the machinery.
In this instance, the machinery was purchased for $96,000, but Stine secured a 10% manufacturer discount, bringing the cost down to $86,400. Stine also paid $4,500 in sales tax and $600 for shipping, bringing the total cost basis to $91,500.
Next, we must calculate the depreciable basis, which is equal to the machinery's cost basis less its anticipated residual value.
The depreciable basis in this instance is $61,500= ($91,500 - $30,000), which reflects the anticipated residual value of $30,000.
To calculate the annual depreciation expense using straight-line depreciation, we divide the depreciable base by the machinery's useful life.
Given that the useful life in this instance is 10 years, the yearly depreciation expense equals $6,150 (or $61,500 divided by 10 years). Choice A
To learn more about depreciation cost, here:
https://brainly.com/question/30089762
#SPJ4
A company may choose a skimming strategy during the introduction stage of its product to help recover costs of development and to
A skimming strategy can be an effective way for a company to recover its development costs and establish its product in the market. However, it should be used judiciously and balanced against other considerations such as market demand, competition, and consumer preferences.
A skimming strategy is a pricing strategy that involves setting a high price for a new product during its introduction stage. This strategy is typically used by companies that have invested heavily in the development and launch of the product, and need to recover their costs quickly. By setting a high price, the company can maximize its profits and generate revenue to help cover its development costs. During the introduction stage, a company may also face the challenge of establishing its product in the market and building brand awareness. A skimming strategy can help the company create the perception that the product is high-quality and exclusive, which can be attractive to early adopters and other consumers who are willing to pay a premium for the latest and greatest product. However, a skimming strategy can also have its drawbacks. Setting a high price may discourage some consumers from trying the product, particularly if there are lower-priced alternatives available. Additionally, competitors may enter the market with similar products at lower prices, which can erode the company's market share and reduce its profitability.
Learn more about strategy here
https://brainly.com/question/27747591
#SPJ11
A(n)____________ can be classified as an External and Proactive export motive. Select one: a. Risk diversification b. Unsolicited orders c. Foreign Market opportunities d. Economies of scale
A(n) Foreign Market opportunities can be classified as an External and Proactive export motive. Option C
This is because foreign market opportunities can be classified as an external and proactive export motive. When a company identifies a foreign market that is attractive and has potential for growth, it becomes a proactive strategy to enter that market and explore the opportunities that it offers.
This is an external motive because it is driven by factors outside the company's control such as changes in the global economy, political environment, and customer preferences.
Foreign market opportunities can be very lucrative for companies because they offer access to new customers, new channels of distribution, and new sources of revenue. By entering a foreign market, a company can also gain a competitive advantage over its rivals and reduce its dependence on its domestic market. This can help to diversify the company's risks and ensure its long-term viability.
However, entering a foreign market can also be challenging and requires careful planning and execution. Companies must understand the cultural, legal, and economic differences of the foreign market and adapt their products and services accordingly.
They must also develop effective distribution networks, establish partnerships with local businesses, and invest in marketing and advertising to build their brand and attract customers.
In conclusion, foreign market opportunities are a proactive and external export motive that can help companies achieve their growth and expansion objectives. By identifying and capitalizing on these opportunities, companies can diversify their risks, gain a competitive advantage, and create value for their shareholders.
For more such questions on Proactive export visit:
https://brainly.com/question/25576511
#SPJ11
Experience-dependent brain growth ________. occurs throughout our lives depends on young children's ordinary explorations of and interactions with their environment provides the foundation for experience-expectant brain growth refers to the young brain's rapidly developing organization
Experience-dependent brain growth is not limited to early childhood. Throughout our lives, we continue to learn and adapt to new experiences, and our brains respond accordingly. This means that we can continue to shape our brains and improve our cognitive abilities well into adulthood.
Experience-dependent brain growth refers to the ongoing changes in brain structure and function that occur throughout our lives in response to our experiences and interactions with the environment. This process is distinct from experience-expectant brain growth, which refers to the young brain's rapidly developing organization in response to specific, biologically programmed experiences. Experience-dependent brain growth is more flexible and adaptable and depends on the individual's unique experiences and learning opportunities.
One of the most important factors in experience-dependent brain growth is young children's ordinary explorations of and interactions with their environment. As they play, explore, and engage with the world around them, they are building new neural connections and strengthen existing ones. This provides the foundation for later learning and development and helps to shape the individual's cognitive, emotional, and social abilities.
To learn more about Experience :
https://brainly.com/question/26313265
#SPJ11
The outstanding bonds of Roy Thomas, Inc. provide a real rate of return of 3.6%. The current rate of inflation is 2.5%. What is the nominal rate of return on these bonds
The nominal rate of return on the bonds is calculated using the Fisher equation: Nominal rate = Real rate + Inflation rate. So, Nominal rate = 3.6% + 2.5% = 6.1%.
The real rate of return is the rate of return adjusted for inflation, while the nominal rate of return is the rate of return without any adjustment for inflation. In this scenario, the real rate of return is given as 3.6%, which means that the bond yield takes into account the current rate of inflation. The inflation rate is 2.5%. To determine the nominal rate of return, multiply the real rate of return by the inflation rate:
Nominal rate of return = Real rate of return + Inflation rate
Nominal rate of return = 3.6% + 2.5%
Nominal rate of return = 6.1%
Therefore, the nominal rate of return on the bonds of Roy Thomas, Inc. is 6.1%.
Learn more about nominal rate here:
https://brainly.com/question/13402674
#SPJ11
An investor holds a Ford bond that matures on January 15, 2029, with a face value of $5000, a coupon rate of 8.5%, and semiannual payments. How much will the investor receive on January 15, 2029
The investor will receive $8,500 on January 15, 2029.
The face value of the bond is given as $5000, and the coupon rate is 8.5%, with semiannual payments. This means that the investor will receive two coupon payments each year, each equal to:
Coupon Payment = Coupon Rate x Face Value / 2
Coupon Payment = 8.5% x $5000 / 2
Coupon Payment = $212.50
Since there are 10 years until the bond matures, there will be a total of 20 coupon payments made to the investor. The total amount received from these payments can be calculated as:
Total Coupon Payments = Coupon Payment x Number of Payments
Total Coupon Payments = $212.50 x 20
Total Coupon Payments = $4,250
In addition to the coupon payments, the investor will receive the face value of the bond at maturity, which is $5000. Therefore, the total amount the investor will receive on January 15, 2029, is the sum of the total coupon payments and the face value of the bond:
Total Amount = Total Coupon Payments + Face Value
Total Amount = $4,250 + $5000
Total Amount = $8,500
To know more about face value, refer here:
https://brainly.com/question/14885781#
#SPJ11