The statement of cash flows using the indirect method for the year ended December 31.current year Screen Films during the current year.
Statement of Cash Flows for Sharp Screen Films, Inc. (Indirect Method)
Operating Activities:
Net Income: $26,800
Adjustments:
Depreciation Expense: $11,700
Increase in Accounts Receivable: ($2,250) [($23,450 - $21,350)]
Increase in Accounts Payable: $26,150 [($85,000 - $58,850)]
Net Cash Provided by Operating Activities: $62,400
Investing Activities:
Purchase of Equipment: ($48,900)
Net Cash Used in Investing Activities: ($48,900)
Financing Activities:
Repayment of Long-Term Note Payable: ($14,700)
Proceeds from Issuance of Common Stock: $38,050
Dividends Paid: ($650)
Net Cash Provided by Financing Activities: $22,700
Net Increase in Cash: $36,200
Cash at Beginning of Year: $63,500
Cash at End of Year: $99,700
Sharp Screen Films, Inc. generated a net increase in cash of $36,200 during the year. The operating activities provided the most significant cash inflow, while investing activities and financing activities resulted in cash outflows. The company's cash position increased from $63,500 to $99,700 by the end of the year.
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Which of the following is true of Motivation?
Multiple Choice
Motivation is the same for everyone
If you are a pleasure seeker, you are more likely to be motivated
It is important for a manager to know if a person is a pleasure seeker or a pain avoider
If you are a pain avoider, you are less likely to be motivated
If you are a pleasure seeker, you are more likely to be motivated.
Motivation varies from person to person, and different individuals may be motivated by different factors. While pleasure seeking can be a source of motivation for some individuals, it is not the sole determinant of motivation.
Other factors, such as personal goals, values, intrinsic rewards, and external incentives, can also play a role in motivating individuals.
Being a pleasure seeker can contribute to an individual's motivation, but it is not the only factor that influences motivation. Managers should consider various aspects of motivation and understand what drives each individual in order to effectively motivate and engage their employees.
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in the case of a recession, the federal reserve (central bank) to stimulate demand and the economy, it may a. increase infrastructure spending by building bridges and highways b. reduce taxes c. lower interest rates d. raise interest rates
In the case of a recession, the Federal Reserve (central bank) may choose to lower interest rates to stimulate demand and the economy.
Lowering interest rates is a common monetary policy tool used by central banks during economic downturns. By reducing interest rates, borrowing costs decrease, which can encourage businesses and individuals to take on new investments and spending. This increased borrowing and spending can help stimulate economic activity, boost consumer demand, and support economic growth.
While options such as increasing infrastructure spending (option a) and reducing taxes (option b) can also be used to stimulate the economy, these decisions typically fall under the purview of the government and fiscal policy. The Federal Reserve primarily focuses on monetary policy, including managing interest rates and influencing the money supply to stabilize the economy. Therefore, the primary action the Federal Reserve would take in this case is to lower interest rates (option c). Raising interest rates (option d) is typically used during periods of economic expansion to curb inflationary pressures.
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baskin-robbins is a subsidiary of dunkin’ brands group, inc.; dunkin’ owns and operates nearly 2,500 ice cream specialty stores in the united states. T/F
Answer:
Explanation:
T
True. Baskin-Robbins is indeed a subsidiary of Dunkin' Brands Group, Inc., and Dunkin' operates nearly 2,500 ice cream specialty stores in the United States.
Baskin-Robbins is a subsidiary of Dunkin' Brands Group, Inc., which operates numerous ice cream specialty stores in the United States, including the Baskin-Robbins brand. The statement accurately reflects the relationship between the two companies.
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when thinking about expenditure awareness, what component allows you to keep up with employees, project listings, and technology resources over time within the aws infrastructure?
When thinking about expenditure awareness within the AWS (Amazon Web Services) infrastructure, the component that allows you to keep up with employees,
project listings, and technology resources over time is AWS Cost Explorer.
AWS Explorer is a powerful tool that provides insights into your AWS spending and helps you analyze and manage your costs. It allows you to track and monitor your AWS resource usage, expenses, and trends over time. With AWS Cost Explorer, you can gain visibility into your expenditure patterns, identify cost drivers, and make informed decisions to optimize your AWS usage and reduce costs.
In terms of keeping up with employees, project listings, and technology resources, AWS Cost Explorer offers various features. You can organize your costs based on tags, which can be used to categorize resources by projects, teams, or other relevant attributes. This enables you to track spending and analyze costs associated with specific projects or employee teams.
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a health reimbursement arrangement must be established T/F
True. A health reimbursement arrangement (HRA) must be established by an employer in order to provide tax-free reimbursement for employees' medical expenses.
An HRA is a type of health benefit plan that allows employers to reimburse employees for out-of-pocket medical expenses, such as deductibles, copays, and coinsurance. In order to establish an HRA, the employer must set up a formal plan document that outlines the terms and conditions of the arrangement, including the types of expenses that are eligible for reimbursement, the maximum amount of reimbursement available, and the rules for employee participation. Once the plan is established, employees can submit claims for reimbursement, and the employer can use the HRA funds to pay for qualified medical expenses. HRA funds are generally tax-free for employees and tax-deductible for employers.
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Planning budgets are sometimes called _______ budgets.
Multiple choice question.
a. static
b. flexible
Planning budgets are sometimes called flexible budgets.
Flexible budgets are designed to adjust to changes in activity levels, making them more adaptable than static budgets. They allow for greater accuracy in forecasting and can help businesses better allocate their resources. Flexible budgets are particularly useful for businesses with varying levels of activity throughout the year or those facing unexpected changes in market conditions. By using a flexible budget, businesses can be more agile in responding to changes and making adjustments to their financial plans. Overall, flexible budgets provide a more realistic picture of a company's financial situation, enabling them to make more informed decisions about their future investments and expenditures.
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SELECT order num, amount, company, name, city FROM orders, customers, salesreps, offices WHERE cust: a) Contains a syntax error b) Will produce a cartesian product c) Will only return orders with a corresponding customer, sales representative, and office d) Will only return orders with a corresponding customer or sales representative, and may or may not include an office
The c) Will only return orders with a corresponding customer, sales representative, and office.
The SELECT statement in the question is joining four tables - orders, customers, salesreps, and offices - using implicit join syntax (comma separated table names in the FROM clause). However, the question doesn't provide a complete SQL query and there is no condition specified for the join, which can lead to a syntax error.
If the join condition is missing, the query will produce a cartesian product (also known as a cross join) of all rows from all tables, which is likely not what the user intended. This is because there will be no filtering or matching of rows based on a common column.
However, if the join condition is correctly specified, the query will only return orders that have a corresponding customer, sales representative, and office. This means that the data in all four tables is related and there are common columns used for joining.
If the join condition only specifies a match between orders and either customers or salesreps, the query will only return orders with a corresponding customer or sales representative, and may or may not include an office. This means that the data in the offices table may not be related to the data in the orders table, and there may be no common column used for joining.
The query contains a syntax error because the WHERE clause is incomplete. There should be a condition after the "cost:" part to specify how the tables are related and what data to filter. Additionally, the proper syntax should use the correct table and column names for establishing relationships between tables, such as "customers .customer _ id = orders. customer _id".
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which one of these probably has reduced collection time the most? a. concentration accounts b. depository transfer checks traditional lockboxes c. financial edi d. zero-balance accounts
Option c. Financial EDI (Electronic Data Interchange) has likely reduced collection time the most compared to the other options.
Financial EDI is a system that enables the electronic exchange of financial information between businesses, which can significantly reduce collection time, errors, and processing costs. It automates the transfer of funds and the exchange of payment-related information, making it more efficient than concentration accounts, depository transfer checks, traditional lockboxes, or zero-balance accounts.
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The opportunity recognition process contains all of the following except:
A. work experience
B. reformation
C. entrepreneurial alertness
D. networks
The opportunity recognition process contains all of the following except "reformation." The opportunity recognition process refers to the steps involved in identifying and assessing potential business opportunities. These steps typically involve gathering information, evaluating market trends, and analyzing customer needs and preferences.
The correct answer is B. Reformation
Some of the key factors that contribute to successful opportunity recognition include entrepreneurial alertness, the ability to identify emerging trends and market gaps, and access to relevant networks and resources. However, "reformation" is not typically considered to be a core component of the opportunity recognition process. The opportunity recognition process does not include reformation. The process typically involves work experience, entrepreneurial alertness, and networks.
Opportunity recognition is an essential part of entrepreneurship, as it focuses on identifying and seizing new business opportunities. Work experience, entrepreneurial alertness, and networks are all crucial elements in recognizing opportunities, as they provide the necessary knowledge, skills, and connections to create a successful venture. Reformation, however, is not directly related to the opportunity recognition process and is therefore not included.
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a college graduate has two job offers. the starting salary for each is $32,000, and after 8 years of service each will pay $54,000. the salary increase for each offer is shown in the figure. from a strictly monetary viewpoint, which is the better offer? explain your reasoning.
From a strictly monetary viewpoint, both job offers are equal in terms of the total salary increase over the 8-year period.
The starting salary for both job offers is $32,000, and after 8 years of service, each will pay $54,000. The salary increase for each offer is $54,000 - $32,000 = $22,000.
Since both job offers have the same salary increase, they are equal in terms of the monetary aspect. However, it is important to consider other factors when making a decision, such as benefits, career growth opportunities, work-life balance, company culture, and job satisfaction. Evaluating these aspects alongside the monetary factors can help the college graduate make a more comprehensive and informed decision about which offer is the best fit for their overall career goals and personal preferences. While monetary considerations are important, it is crucial to assess the entire compensation package and the potential for long-term career growth and fulfillment.
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HT generated $40 million in free cash flow at the end of the last year, its FCF is expected to grow at a constant rate of 5.5% per year indefinitely. The company has no debt or preferred stock; its WACC is 13.5% and it has zero nonoperating assets. If HT has 22 million shares of stock outstanding, what is the stock's value per share? $23.98 $29.27 $25.30 $27.52 $21.33
The stock's value per share is approximately $23.98.
To calculate the stock's value per share, we can use the Gordon growth model, also known as the dividend discount model (DDM). This model values a stock based on the present value of its future cash flows, in this case, the free cash flow (FCF) of the company.
The formula for the Gordon growth model is as follows:
Stock Value per Share = FCF / (WACC - Growth Rate)
Given information:
FCF at the end of the last year: $40 millionFCF growth rate: 5.5% per yearWACC (required rate of return): 13.5%Number of shares outstanding: 22 millionFirst, we need to calculate the perpetuity value of the FCF using the growth rate:
Perpetuity Value = FCF * (1 + Growth Rate) / (WACC - Growth Rate)
Perpetuity Value = $40 million * (1 + 0.055) / (0.135 - 0.055)
Perpetuity Value ≈ $40 million * 1.055 / 0.08 ≈ $527.5 million
Now, we can calculate the stock's value per share by dividing the perpetuity value by the number of shares outstanding:
Stock Value per Share = Perpetuity Value / Number of Shares Outstanding
Stock Value per Share ≈ $527.5 million / 22 million
Stock Value per Share ≈ $23.98
Therefore, the stock's value per share is approximately $23.98.
Among the given answer options, $23.98 matches the calculated stock value per share.
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Which of the following events led to tighter standards for accounting practices and a demand for more transparency in reporting?
Question options:
A) the global financial crisis of 2009
B) the increasing nationalization of private assets
C) the decreasing popularity of net-banking
D) the Great Depression
The event that led to tighter standards for accounting practices and a demand for more transparency in reporting is D) the Great Depression.
The Great Depression, which occurred during the 1930s, exposed significant issues in financial reporting and accounting practices. This economic downturn revealed that many companies were providing misleading or inaccurate information, which contributed to market instability and a loss of investor confidence. As a result, tighter standards for accounting practices and a demand for more transparency in reporting became a priority. This led to the establishment of regulatory bodies like the Securities and Exchange Commission (SEC) and the introduction of laws such as the Securities Act of 1933 and the Securities Exchange Act of 1934. These reforms aimed to protect investors and restore trust in the financial markets by promoting transparency, accuracy, and reliability in financial reporting.
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Case Analysis Paper: Case Ali v. Mount Sinai Hospital page 151
Your responses should be well-rounded and analytical and should not just provide a conclusion or an opinion without explaining the reason for the choice. For full credit, you must use the material from the textbook by using APA citations with page numbers when responding to the questions.
Utilize the case format below.
Read and understand the case. Show your analysis and reasoning and make it clear you understand the material. Be sure to incorporate the concepts of the chapter we are studying to show your reasoning. For each of the cases, you select, dedicate one subheading to each of the following outline topics.
Case: (Identify the name of the case and page number in the textbook.)
Parties: (Identify the plaintiff and the defendant.)
Facts: (Summarize only those facts critical to the outcome of the case.)
Issue: (Note the central question or questions on which the case turns.)
Applicable Law(s): (Identify the applicable laws.) Use the textbook here by using citations. The law should come from the same chapter as the case. Be sure to use citations from the textbook including page numbers.
Holding: (How did the court resolve the issue(s)? Who won?)
Reasoning: (Explain the logic that supported the court's decision.)
Case Questions: (Explain the logic that supported the court's decision.) Dedicate one subheading to each of the case questions immediately following the case. First, fully state the question from the book and then fully answer.
Conclusion: (This should summarize the key aspects of the decision and also your recommendations on the court's ruling.)
Include citations and a reference page with your sources for all of the cases. Use APA-style citations with page numbers and references.
Case Analysis Paper: Case Ali v. Mount Sinai Hospital page 151Issue: Was the plaintiff Ali entitled to receive compensation for the damages he suffered due to medical malpractice?Conclusion: In the case of Ali v. Mount Sinai Hospital, the plaintiff Ali accused the hospital of medical malpractice that caused him to suffer a severe infection. After reviewing the case, the court found the hospital guilty of medical malpractice, and the plaintiff was entitled to receive compensation for the damages he suffered. The court ordered the hospital to pay the plaintiff Ali the compensation amount of $600,000, which was affirmed on appeal. The case underscores the importance of healthcare providers' duty of care, and patients' right to compensation in cases of medical malpractice.
Ali v. Mount Sinai Hospital is a case in which the plaintiff, Ali, suffered a severe infection due to the hospital's negligence in diagnosing and treating his condition. The plaintiff argued that the hospital's negligence in this matter constituted medical malpractice, and as a result, he was entitled to compensation for the damages he suffered. The central issue of this case was whether the plaintiff was entitled to receive compensation for the damages he suffered due to medical malpractice. The court found the hospital guilty of medical malpractice, and the plaintiff was awarded $600,000 in damages. The court's ruling reaffirmed the importance of healthcare providers' duty of care towards their patients and the patients' right to compensation in cases of medical malpractice.
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i caused water damage to my downstairs condo neighbor. i'm uninsured. should i pay him directly or request he file a claim with his insurance? what saves me more money?
When you have caused water damage to your uninsured downstairs condo neighbor, it is generally advisable to pay them directly rather than requesting them to file a claim with their insurance. This approach helps to avoid potential negative consequences and maintain a good relationship.
By paying your neighbor directly for the damage, you take direct responsibility for your actions and demonstrate accountability. Requesting your neighbor to file a claim with their insurance may lead to increased premiums for them, especially if they are found to be at fault. Paying them directly avoids potentially impacting their insurance rates and shows your willingness to resolve the situation without involving their insurance company.
Furthermore, if your neighbor's insurance company discovers that you were at fault for the water damage, they may seek reimbursement from you directly. This can result in legal complications and higher costs in the long run. By taking the initiative to pay for the damages upfront, you can avoid potential legal disputes and maintain a positive relationship with your neighbor.
In summary, paying your uninsured downstairs condo neighbor directly for the water damage you caused is the recommended course of action. It demonstrates responsibility, helps preserve a good relationship, and avoids potential negative consequences associated with involving insurance companies.
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Client Information
Age: 60
Status: Single
Assets: 6 million deposit
Monthly Expenses : $20,000
She is worried about:
1. Rising living expenses due to inflation
2. The high cost of special care in old
The customer, a 60-year-old single person, has $6 million in deposited assets. Her monthly costs are $20,000 dollars. She has voiced worry over two particular monetary matters.
First and foremost, the client is concerned about inflation-related increases in living costs. The price of products and services is probably going to go up as she gets older. She may not be able to maintain her preferred standard of living in the future if inflation reduces the purchase power of her assets. The client may need to investigate inflation-protected investing techniques, such as diversifying her portfolio with assets that have historically provided a buffer against inflation, such real estate, commodities, or inflation-protected securities, in order to lessen this worry.
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what is the duration of a 77-day $100,000 Treasury bill trading
at a yield of 7.54%?
The duration of a bond measures its price sensitivity to changes in interest rates. To calculate the duration of a Treasury bill, we need to know the time to maturity, the yield, and the face value of the bill.
In this case, we have a 77-day $100,000 Treasury bill trading at a yield of 7.54%.
The formula to calculate the duration of a Treasury bill is:
Duration = Time to Maturity / (1 + Yield)
First, we convert the time to maturity from days to years:
Time to Maturity = 77 days / 365 days per year ≈ 0.21096 years
Next, we plug the values into the duration formula:
Duration = 0.21096 / (1 + 0.0754) ≈ 0.1958 years
Therefore, the duration of the 77-day $100,000 Treasury bill trading at a yield of 7.54% is approximately 0.1958 years.
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which of the following best describes the customer performance area of the balanced scorecard? a) indicates how the infrastructure for innovation and long-term growth should contribute to a company's strategic goals. b) measures the company's success in adding value to shareholders. c) indicates how areas of the company should work to add value to customers. d) indicates how a customer oriented strategy adds financial value measures the customer satisfaction level of the firm.
The following best describes the customer performance area of the balanced scorecard Indicates how a customer oriented strategy adds financial value, option D.
A strategic management performance metric known as a balanced scorecard (BSC) is used to identify and enhance various internal business functions and the external outcomes they produce. Used to quantify and give criticism to associations, adjusted scorecards are normal among organizations in the US, the Assembled Realm, Japan, and Europe. Information assortment is pivotal to giving quantitative outcomes as chiefs and leaders accumulate and decipher the data. This information can be used by employees of the company to make better decisions about their organizations' future.
The balanced scorecard was first introduced by Dr. David Norton, an executive and theorist, and Dr. Robert Kaplan, an academic in accounting. In 1992, the article titled "The Balanced Scorecard—Measures That Drive Performance" was the first to feature it. For a full year, Kaplan and Norton collaborated on a project involving 12 high-performing businesses. Their review went to past execution lengths and adjusted them to incorporate nonfinancial data.
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students need to consider their own resources and abilities early when they think about starting an entrepreneurial business because of the .
Students need to consider their own resources and abilities early when they think about starting an entrepreneurial business because of the uncertainty and challenges involved in entrepreneurial ventures.
When considering starting an entrepreneurial business, students should carefully assess their own resources and abilities early on due to the uncertainty and challenges inherent in such ventures. Entrepreneurship often involves taking risks, making important decisions, and managing various aspects of a business.
By evaluating their available resources, such as financial capital, skills, knowledge, and network, students can determine the feasibility of their business idea and identify potential gaps or areas that require further development. Understanding their own abilities allows students to assess their readiness for the entrepreneurial journey and identify areas where they may need to acquire additional skills or seek support.
Considering resources and abilities early on provides students with a realistic perspective on what they can bring to the table, helps them make informed decisions, and allows for proper planning to mitigate risks. It sets a foundation for building a sustainable and successful entrepreneurial business by leveraging strengths and addressing weaknesses.
Therefore, early consideration of resources and abilities is crucial for students thinking about starting an entrepreneurial business because of the uncertainty and challenges involved in such ventures.
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in u.s. businesses, the power and task of making decisions are handled by lower management, which means decisions are
In U.S. businesses, the power and task of making decisions are often delegated to lower management. This means that decisions are decentralized, with lower-level managers responsible for making choices related to their specific departments or areas of expertise.
However, higher-level executives and managers still maintain oversight and final decision-making authority, particularly for larger or more significant decisions that may have company-wide impact. Overall, the degree of decentralization and decision-making power given to lower management will vary depending on the specific company and its organizational structure.
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Market Cap = $36,200,000 Cash $1,400,000 Marketable Securities = $2,300,000 Prepaid Expenses = $2,100,000 Short-Term Debt = $800,000 Deferred Revenue =$800,000 Long-Term Debt = $6,200,000
The enterprise value of the company, given the provided information, is $39,200,000.
To calculate the enterprise value, we need to consider the market capitalization and the company's debt and cash equivalents.
Market Capitalization:
Given as $36,200,000.
Debt:
Short-Term Debt: $800,000
Long-Term Debt: $6,200,000
Cash Equivalents:
Cash: $1,400,000
Marketable Securities: $2,300,000
Prepaid Expenses: $2,100,000
Deferred Revenue: $800,000
Calculating the enterprise value:
Enterprise Value = Market Capitalization + Total Debt - Cash Equivalents
Market Capitalization: $36,200,000
Total Debt: $800,000 + $6,200,000 = $7,000,000
Cash Equivalents: $1,400,000 + $2,300,000 + $2,100,000 + $800,000 = $6,600,000
Enterprise Value = $36,200,000 + $7,000,000 - $6,600,000
Enterprise Value = $36,200,000 + $400,000
Enterprise Value = $36,600,000
The enterprise value of the company, considering the market capitalization, debt, and cash equivalents, is $39,200,000. This metric is commonly used to assess the total value of a company, taking into account both its equity and debt.
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planned investment plus unintended increases in inventories equals
Planned investment refers to the amount of investment that a company intends to make in a given period of time. On the other hand, unintended increases in inventories refer to the unplanned increase in the level of inventories that a company holds due to factors such as overproduction, decreased demand, or supply chain disruptions.
When we add these two components together, we get the total amount of investment that a company has made during a specific period. This figure is important for analyzing a company's financial performance, as it provides insights into the company's production capacity, inventory management, and overall financial health. Additionally, it can be used to predict future investment patterns and to identify potential areas for improvement in a company's operations. Overall, planned investment plus unintended increases in inventories is an essential metric for understanding a company's financial position and investment strategy.
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using the variable cost method, what markup percentage to variable cost should be used?
The markup percentage to variable cost that should be used using the variable cost method depends on several factors, including the type of product or service being offered, the target market, and the desired profit margin.
Generally, a markup percentage of 20% to 30% is common for most industries. However, it's important to note that the markup percentage should be high enough to cover all variable costs, including labor, materials, and overhead expenses, while still remaining competitive in the market. It's also important to regularly review and adjust the markup percentage to variable cost to ensure that it remains profitable and sustainable in the long term. Ultimately, the best way to determine the appropriate markup percentage to variable cost is to conduct thorough market research and analyze all costs associated with the product or service.
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:
Year 1:$10,000
Year 2:45,000
Year 3:90,000
Determine the dividends per share for preferred and common stock for the third year.
a.$3.25 and $0.25
b.$2.00 and $0.25
c.$4.50 and $0.90
d.$4.50 and $0.25
The correct answer option is c ($4.50 and $0.90) is incorrect because it assumes the preferred stock has no unpaid dividends from previous years, which is not the case in this scenario.
First, we need to determine the total amount of dividends paid in Year 3.
$90,000 - $10,000 (Year 1 dividends) - $45,000 (Year 2 dividends) = $35,000
This $35,000 will be distributed between the preferred and common stock.
For the preferred stock, we need to calculate the total annual dividend.
$100 par x 2% = $2 annual dividend per share
$2 annual dividend x 20,000 shares = $40,000 total annual dividend
Since the preferred stock is cumulative, any unpaid dividends from previous years must also be paid before any dividends can be paid to the common stock.
$40,000 - $10,000 (Year 1 dividends) - $20,000 (2% x $100 x 20,000 shares for Year 2) = $10,000 available for Year 3 preferred stock dividends
$10,000 / 20,000 shares = $0.50 per share for preferred stock
For the common stock, we can simply divide the remaining $25,000 by the number of common shares:
$25,000 / 100,000 shares = $0.25 per share for common stock
Therefore, the dividends per share for preferred and common stock for the third year are $0.50 and $0.25, respectively.
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match the following records that must be kept by brokerage firms with their requirements. corporate or partnership articles.. a. 6 years. b. 3 years. c. 2 years. d. lifetime
Corporate or partnership articles - D. LifetimeCorporate or partnership articles refer to the legal documents that establish and govern the formation and operation of a corporation or partnership.
These articles typically include details about the company's structure, ownership, rights, and responsibilities. Since these articles form the foundation of the entity, they are typically required to be kept for the lifetime of the corporation or partnership.Please note that the remaining options (a, b, c) do not match any specific records mentioned in the question.
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Ben's Bulk Barn sells wholesale wholefoods and one of its suppliers is offering the opportunity to purchase product on credit terms of net 30 days from the invoice date with a 0.7% cash discount if paid within 7 days. What is the implicit interest cost of foregoing the cash discount? (Important: Please enter your answer to the nearest 10th of a percent. For example, 10.1% should be entered in as .101)
The implicit interest cost of foregoing the cash discount is approximately 11.2%
To calculate the implicit interest cost of foregoing the cash discount, we need to determine the effective interest rate for the 23-day period between the 7th day (when the discount can be taken) and the 30th day (the net payment deadline).
The formula to calculate the effective interest rate is:
Effective Interest Rate = (Discount % / (1 - Discount %)) x (365 / (Term - Discount Period))
Given:
Discount % = 0.7%
Term = 30 days
Discount Period = 7 days
Plugging in the values into the formula, we get:
Effective Interest Rate = (0.007 / (1 - 0.007)) x (365 / (30 - 7))
= (0.007 / 0.993) x (365 / 23)
= 0.007056 x 15.8696
≈ 0.1118
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Most firms prefer to operate with a high DOL, because a small increase in sales will generate a larger increase in EBIT.
Firms prefer a high DOL because a small increase in sales generates a larger increase in EBIT.
Most firms prefer to operate with a high Degree of Operating Leverage (DOL) because it allows them to benefit from the amplification effect on their earnings before interest and taxes (EBIT) when sales increase. The DOL measures the sensitivity of a firm's EBIT to changes in its sales revenue.
When a firm has a high DOL, it means that a small increase in sales will result in a proportionately larger increase in EBIT. This is due to the presence of fixed costs in the firm's cost structure. Fixed costs, such as rent, salaries, and depreciation, remain constant regardless of the level of sales.
In a high DOL scenario, a small increase in sales leads to a higher level of contribution margin (revenue minus variable costs). Since fixed costs remain constant, the incremental contribution margin directly flows to the bottom line, resulting in a larger increase in EBIT.
Operating with a high DOL can be advantageous for several reasons. Firstly, it can lead to improved profitability and higher earnings growth. As sales increase, the firm's EBIT expands at a faster rate, which can enhance shareholder value and attract investors.
Secondly, a high DOL allows firms to achieve economies of scale. With a larger volume of sales, the firm can spread its fixed costs over a larger revenue base, leading to a lower average cost per unit and potentially higher profit margins.
However, it is important to note that operating with a high DOL also carries higher risk. If sales decline, the firm's EBIT will decrease at a faster rate, which can have a negative impact on profitability. Therefore, firms need to carefully assess their cost structure, market conditions, and demand volatility to ensure that they can effectively manage the risks associated with a high DOL.
In summary, operating with a high DOL is preferred by most firms because it allows them to capitalize on small increases in sales, resulting in a larger increase in EBIT. This can lead to improved profitability, economies of scale, and enhanced shareholder value. However, firms must also consider the higher risk associated with a high DOL and assess their ability to manage it effectively.
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In the context of traditional methods of developing department policies, which of the following is a problem with borrowing?
a. The borrowed policy may not fit the department's unique circumstances. b. The borrowed policy may not be legally compliant.
c. The borrowed policy may not align with the department's values and goals. d. All of the above.
The d. All of the above, Borrowing policies from other departments or organizations may lead to several problems, including the policy not fitting the department's unique circumstances, not being legally compliant, and not aligning with the department's values and goals.
It is important to develop policies that are tailored to the specific needs and goals of the department to ensure they are effective and appropriate.
a. The borrowed policy may not fit the department's unique circumstances, as each department may have its own specific needs and requirements.
b. The borrowed policy may not be legally compliant, as it might not adhere to the relevant laws and regulations applicable to the department.
c. The borrowed policy may not align with the department's values and goals, potentially leading to conflicts or inefficiencies within the department.
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On Friday, Eva schedules a meeting for the next Monday morning. On Monday morning, many participants are late or do not show up at all. Which of the following best practices did Eva fail to consider?
a.anticipating that others might have events not scheduled on their calendar
b.setting appropriate calendar reminders
c.indicating whether participants are invited or required to attend
Option (b), Based on the information provided, the best practice that Eva failed to consider is setting appropriate calendar reminders.
Eva may have scheduled the meeting on Friday and assumed that everyone would remember it on Monday morning, but she did not take into account that some participants may have other events or appointments that they need to attend to. By setting appropriate calendar reminders, Eva could have reminded the participants about the meeting and given them enough time to adjust their schedules accordingly. This would have helped to reduce the number of participants who were late or did not show up at all. While indicating whether participants are invited or required to attend is also a good practice, it may not have been the primary cause of the issue in this scenario. Therefore, setting appropriate calendar reminders is the best practice that Eva should have considered in this case.
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customers can pay for purchases using cash, check, a debit card, or a credit card. using only the data collected during the 7-day period, which of the following statements is true? responses the average amount spent per day during the 7-day period can be determined by sorting the data by the total transaction amount, then adding the 7 greatest amounts, and then dividing the sum by 7. the average amount spent per day during the 7-day period can be determined by sorting the data by the total transaction amount, then adding the 7 greatest amounts, and then dividing the sum by 7. the method of payment that was used in the greatest number of transactions during the 7-day period can be determined by sorting the data by the method of payment, then adding the number of items purchased for each type of payment method, and then finding the maximum sum. the method of payment that was used in the greatest number of transactions during the 7-day period can be determined by sorting the data by the method of payment, then adding the number of items purchased for each type of payment method, and then finding the maximum sum. the most expensive item purchased on a given date can be determined by searching the data for all items purchased on the given date and then sorting the matching items by item price. the most expensive item purchased on a given date can be determined by searching the data for all items purchased on the given date and then sorting the matching items by item price. the total number of items purchased on a given date can be determined by searching the data for all transa
Customers can pay for purchases Statement 1 is false and statements 2,3,4 are true. Let's go through each statement and determine its explanation based on the given information.
The statement 1 is false. To calculate the average amount spent per day during the 7-day period, we need to divide the total transaction amount by the number of days. Sorting the data by the total transaction amount and selecting the 7 greatest amounts does not guarantee an accurate average for each day.
The statement 2 is true. By sorting the data by the method of payment and counting the number of items purchased for each payment method, we can identify the method that was used in the greatest number of transactions. Finding the maximum sum will give us the payment method with the highest frequency.
The statement 3 is true. By searching the data for all items purchased on a given date and sorting them by item price, we can identify the most expensive item purchased on that specific date. This assumes that the data includes the item prices for each transaction.
The statement 4 is true. By searching the data for all transactions on a given date and counting the number of items, we can determine the total number of items purchased on that specific date.
These conclusions are based on the information provided, assuming that the data collected during the 7-day period includes the necessary details such as transaction amounts, payment methods, item prices, and dates of purchase.
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what is a shelter magazine? question 1 options: a magazine that has inserts that can be used as disposable tents for camping trips a magazine that specializes in decor, design and renovation a magazine that covers the economic aspects of the construction industry a magazine that focuses on socio-economic issues such as food, clothing and shelter and is geared toward the nonprofit community
A shelter magazine is a publication that specializes in decor, design, and renovation, focusing on the realm of residential living spaces.
These magazines cater to individuals who are interested in enhancing and transforming their homes through various design elements and renovation projects. Shelter magazines provide a wealth of information, inspiration, and ideas for readers seeking to create aesthetically pleasing, functional, and personalized living spaces. They feature articles, photographs, and illustrations showcasing different interior design styles, architectural trends, and innovative home improvement techniques. Readers can explore a wide range of topics, including furniture selection, color schemes, lighting, flooring, window treatments, and spatial layout.These magazines often include tips, DIY projects, and expert advice from interior designers, architects, and home improvement professionals. They may also cover the latest products, materials, and technologies available in the market. Additionally, shelter magazines showcase real-life home makeovers, renovations, and before-and-after transformations, providing readers with practical examples and success stories. Overall, shelter magazines serve as a valuable resource for homeowners, renters, and design enthusiasts who seek inspiration, guidance, and practical knowledge to create their dream living spaces. Whether someone is looking to renovate a kitchen, redecorate a bedroom, or simply stay updated on the latest design trends, shelter magazines offer a wealth of information and ideas to help them achieve their goals.
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