Before the offer, Microsoft created the following discounted cash flow valuation of LinkedIn.
Why did the analysts add back stock expenses to get to free cash flows?
in US $ Thousands FY 16E FY 17E FY 18E FY 19E FY 20E FY 21E FY 22E FY 23E Terminal Value
Net Revenue 3,742,464 4,570,391 5,385,685 6,272,014 7,225,381 8,241,160 9,307,119 10,423,675 Cost of Revenue (500,860) (599,430) (671,042) (742,402) (812,487) (880,375) (974,363) (1,069,430) Gross Profit 3,241,604 3,970,961 4,714,643 5,529,612 6,412,894 7,360,785 8,332,756 9,354,245 Sales and Marketing (1,276,256) (1,535,216) (1,781,941) (2,044,070) (2,319,453) (2,605,850) (2,898,763) (3,197,823) Product Development (1,004,897) (1,178,117) (1,332,746) (1,489,994) (1,647,819) (1,785,504) (1,915,629) (2,038,170) General and Administrative (542,094) (612,367) (667,484) (719,033) (766,204) (808,377) (844,466) (874,842) Depreciation and Amortization (550,640) (587,919) (595,995) (612,094) (637,107) (664,393) (691,351) (717,171) Operating Income (132,283) 57,342 336,477 664,421 1,042,311 1,496,661 1,982,547 2,526,239 Free Cash Flow (FCF) EBIT (132,283) 57,342 336,477 664,421 1,042,311 1,496,661 1,982,547 2,526,239 Less Taxes (35% tax rate) 46,299 (20,070) (117,767) (232,547) (364,808) (523,831) (693,892) (884,183) Add Depreciation & Amortization 550,640 587,919 595,995 612,094 637,107 664,393 691,351 717,171 Add Stock Expense 580,398 594,908 609,781 625,025 640,651 656,667 673,084 689,911 Less Capital Expenditures (709,920) (727,668) (654,901) (671,274) (688,056) (705,257) (722,888) (740,961) Less Intangibles (8,308) - - - - - - - Unlevered Free Cash Flow 326,826 492,431 769,585 997,719 1,267,205 1,588,633 1,930,202 2,308,177 Present Value (WACC of 10%) 326,826 447,665 636,020 749,601 865,517 986,416 1,089,549 1,184,459 20,898,681
Total PV of Unlevered Free Cash Flow 27,184,735 Terminal Value Assumptions:
Growth: 4.6%
WACC: 10%

Answers

Answer 1

The analysts added back stock expenses to get to free cash flows because stock expenses, are a non-cash expense that does not affect a company's actual cash flow.

Why are stock expenses not include in cash flow ?

Stock expenses are not included in the company's net cash flow from operating activities (cash flows from operations) as reported on the cash flow statement.

However, because stock expenses do represent a cost to the company, they are often subtracted from a company's net income when calculating its earnings per share (EPS). This can make the company's net income look lower than it actually is, which can affect how investors perceive the company's profitability.

To account for this discrepancy and get a more accurate picture of a company's actual cash flow, analysts often add back stock expenses to the net income when calculating free cash flow.

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Related Questions

differentiation allows a company to: group of answer choices respond to demands of deep price demands from powerful buyers and still make money. charge a premium price for its good or service, should it choose to do so. initiate a price war to grow volume and drive its weaker rivals out of the industry. lower its cost structure. charge low prices and still make profits.

Answers

Differentiation allows a company to charge a premium price for its good or service, should it choose to do so.

The term differentiation refers to the strategy used by organizations to develop or promote unique characteristics that distinguish them from their rivals in the same industry. It enables a company to charge a premium price for its good or service, should it choose to do so. The distinct attributes of the item or service can range from novel characteristics to attractive designs, modern packaging, or a high level of customer service.

Furthermore, differentiating the product allows the firm to earn more profits and make more sales by allowing it to reach a broader range of consumers. However, companies must strike a balance between differentiation and cost, as an overemphasis on differentiation could raise the cost of production or service, causing the price to be too high for many consumers. Hence, a good strategy to ensure success in differentiation is to focus on key features that are beneficial to consumers and allow the business to stand out from its competitors.

Differentiation allows a company to charge a premium price for its good or service, should it choose to do so.

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Suppose for $1,00 you could buy a 10%, 10-year, annual payment bond or a 10%, 10-year, semi annual payment bond. They are equally risky. which would you prefer? if $1,000 is the proper price for the semi-annual bond, what is the equilibrium price for the annual payment bond?

Answers

The equilibrium price for the annual payment bond is $607.9, assuming both bonds are equally risky and the semi-annual bond is priced at $1,000.

What is the equilibrium price for the annual payment?

The semi-annual bond pays 10%/2 = 5% every six months for 10 years, which is a total of 20 payments. The annual bond pays 10% once a year for 10 years, which is a total of 10 payments.

To compare the two bonds, we need to convert the semi-annual bond payments to an annual equivalent yield, which is done using the following formula:

Annual Equivalent Yield = (1 + Semi-Annual Yield)^2 - 1

For the semi-annual bond, the annual equivalent yield is:

Annual Equivalent Yield = (1 + 0.05)^2 - 1 = 0.1025 or 10.25%

Therefore, if both bonds are equally risky, an investor should prefer the annual payment bond since it has a higher yield.

To calculate the equilibrium price for the annual payment bond, we need to use the same yield as the semi-annual bond, which is 10.25%. The present value of the bond's cash flows can be calculated using the following formula:

Bond Price = (Annual Coupon Payment / Annual Yield) * (1 - 1 / (1 + Annual Yield)^n)

where n is the number of years until maturity. In this case, n is 10.

Using the above formula, the price of the annual payment bond is:

Bond Price = (0.1 * $1,000 / 0.1025) * (1 - 1 / (1 + 0.1025)^10) = $607.9

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1. The Abbott Company just paid a dividend of $3.44 per share. Dividends are expected to grow at 20% for the next 3 years, and then 3% forever. Calculate the projected dividend payment 4 years from today. (Round to 3 decimals)
2. Whitmore Inc. just reported earnings of $20 million. It plans to retain 40% of its earnings and payout the rest in the form of a dividend. The historical ROE for the firm is 14%, a figure expected to continue for the foreseeable future. Calculate the projected earnings one year from today. (Round to 2 decimals)
3. Hasbro Inc (HAS) has the following financial information:
Sales: 6,191.6 million
Net income: 414.6 million
Free Cash Flows: 229.2 million
Total Book Equity: 2,999 million
Price Per Share: $59.04
Shares Outstanding: 138 million
Benchmarks:
Price / Earnings: 19.23
Price / FCF: 14.6
Price / Sales: 2.26
Price / Book: 3.61
Given the provided information, calculate the comparable valuation price based on Price / Earnings. (Round to 3 decimals)
4. Hasbro Inc (HAS) has the following financial information:
Sales: 6,191.6 million
Net income: 414.6 million
Free Cash Flows: 229.2 million
Total Book Equity: 2,999 million
Price Per Share: $59.04
Shares Outstanding: 138 million
Benchmarks:
Price / Earnings: 19.23
Price / FCF: 14.6
Price / Sales: 2.26
Price / Book: 3.61
Given the provided information, calculate the comparable valuation price based on Price / FCF. (Round to 3 decimals)
5. Hasbro Inc (HAS) has the following financial information:
Sales: 6,191.6 million
Net income: 414.6 million
Free Cash Flows: 229.2 million
Total Book Equity: 2,999 million
Price Per Share: $59.04
Shares Outstanding: 138 million
Benchmarks:
Price / Earnings: 19.23
Price / FCF: 14.6
Price / Sales: 2.26
Price / Book: 3.61
Given the provided information, calculate the comparable valuation price based on Price / Sales. (Round to 3 decimals)
6.Rudy-G Co. will pay a dividend of $1.25 per share next year. The dividends are expected to grow at 2% per year, forever. Calculate the stock price assuming investors require a 7.5% rate of return on their investment. (Round to 2 decimals)
7. Microsoft just paid a dividend of $2.48 per share. The price of the stock is $241.15. Dividends are expected to grow at 5%, forever. Calculate the implied rate of return on this investment. (Enter percentages as decimals and round to 4 decimals)
8. West Side Co. expects the following dividends to be paid over the next 6 years: $10, $9, $8, $7, $6, and $5. Afterward, the company pledges to maintain a constant growth rate of 3% forever. If the required rate of return is 10%, calculate the current share price. (Round to 2 decimals)
9. Clue Co. just paid a dividend of $1.50 per share. The dividends are expected to grow at 40% over the next five years, and then the dividends will grow at 3% forever. Calculate the current price per share if investors require a 10% return on their investment. (Round to 2 decimals)

Answers

The projected dividend payment 4 years from today is $8.051.The projected earnings one year from today is $28 million.

What is payment ?

Payment is the transfer of money or other compensation from one party to another in exchange for goods or services. It is a fundamental part of many economic transactions. Payments can be made in a variety of ways, including cash, checks, credit cards, money orders, wire transfers.

The comparable valuation price based on Price / Earnings is $70.731.The comparable valuation price based on Price / FCF and  Price / Sales are $81.731 and $133.916.The stock price assuming investors require a 7.5% rate of return on their investment is $17.43.The implied rate of return on this investment is 0.1022.The current share price is $37.78.The current price per share if investors require a 10% return is $10.93.

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What are three things to consider when bringing a new product or service to the market place?

Answers

When bringing a new product or service to the market, three things that should be considered are market research, positioning, and pricing strategy.

1. Market research: It is essential to conduct market research and identify the potential target market, and evaluate their needs, preferences, and behavior. Market research will help the organization understand the competition and the demand for the product/service.

2. Positioning: The product/service should be positioned in a way that it is perceived as unique and different from the competition. The organization should create a unique selling proposition (USP) that sets it apart from the competition.

3. Pricing strategy: Pricing should be done in a way that it is affordable to the target market and profitable for the organization. The organization should consider the costs of production, competitors' pricing, and the value provided by the product/service to determine the price.

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Three characteristics of a formal business
?

Answers

Answer:

Here's some you can choose from!

Explanation:

(1) It has Defined Interrelationship

(2) It is based on Rules and Procedures

(3) It is based on Division of Work

(4) It is deliberately created

(5) It is Impersonal

(6) It is more stable

A bond has duration of 6.51 and sells for $1051.36. The average monthly change in its yield is 0 basis points and the standard deviation of such changes is 26.6 basis points. The value at risk (VAR) at the 95% confidence level is estimated to be $27.82. The appropriate critical value is 1.65. What is the bond's yield, to the nearest 0.01%? E.g., if your answer is 8.575%, record it as 8.58.

Answers

Yield is equal to 5.7% minus 0.000267, or 5.70% to the closest 0.01%.

What is the bond's yield, to the nearest 0.01%?

We may use the modified duration method to determine the bond's yield because it connects the percent change in bond price to the change in yield:

%ΔP = -D × Δy

where%P is the change in the bond's price in percentage, D is its duration, and y is the change in its yield. When this formula is changed, we obtain:

Δy = -%ΔP / D

Using the critical value and VAR, we can estimate%P:

Critical value: %P = VAR D

Inputting the values provided yields:

%P is calculated as follows: 27.82 / 1051.36 6.51 1.65 = 0.0267 or 2.67 basis points

We divide this by 100 to convert it to a percentage:

%ΔP = 0.0267 / 100 = 0.000267

The bond's yield can then be calculated by adding the following modification to its present yield:

yield equals current yield plus y.

yield equals current yield minus 0.000267.

We are unable to give an exact response because we are not given the current yield. However, we may calculate the yield using the stated selling price. The bond's current yield, assuming a par value of $1,000, is approximately:

annual coupon payment / selling price equals yield.

yield is equal to 60/1051.36, or 0.057, or 5.7%

yield is equal to 5.7% minus 0.000267, or 5.70% to the closest 0.01%.

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during its 2024 fiscal year, jacobsen corporation reported before-tax income of $624,000. this amount does not include the following two items, both of which are considered to be material in amount: unusual gain $ 204,000 loss on discontinued operations (304,000) the company's income tax rate is 25%. jacobsen corporation prepares its financial statements applying u.s. gaap. in its 2024 income statement, jacobsen would report income from continuing operations of:

Answers

In the fiscal year 2024, the income from continuing operations of Jacobsen Corporation is $447,000.

The income from continuing operations for Jacobsen Corporation during its 2024 fiscal year with the given details can be calculated as follows:The before-tax income is $624,000.The unusual gain is $204,000.The loss on discontinued operations is ($304,000). The income tax rate is 25%. The income from continuing operations of Jacobsen Corporation during its 2024 fiscal year is $447,000 (rounded off to the nearest dollar).The income from continuing operations of Jacobsen Corporation during its 2024 fiscal year can be calculated as follows:Income from continuing operations = Before-tax income + Unusual gain - Loss on discontinued operations - Income tax expenseIncome tax expense = Income before taxes x Income tax rateIncome tax expense = $320,000 ($624,000 x 25%)Income from continuing operations = $624,000 + $204,000 - ($304,000) - $320,000Income from continuing operations = $447,000Therefore, the income from continuing operations of Jacobsen Corporation during its 2024 fiscal year is $447,000 (rounded off to the nearest dollar).

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Each year after a regular spring​ cleaning, maria spruces up her home a little by retexturing and repainting the walls of one room in her house. In a given​ year, she spends ​$22 on magazines to get ideas about wall textures and paint​ shades, ​$42 on newly produced texturing materials and​ tools, ​$31 on new paintbrushes and other painting​ equipment, and ​$177 on newly produced paint. ​ normally, she preps the​ walls, a service that a professional​ wall-texturing specialist would charge ​$202 to​ do, and applies two coats of​ paint, a service that a painter would charge ​$333 to​ do, on her own

Answers

A. Her annual spring texturing and painting activity contributes $280 to GDP.

B. Her spring painting activity adds $200 + $210 = $410 to GDP

C. Her spring painting activity adds $550 to GDP.

How did we get the values?

a) In a given year, Maria spends $25 + $45 + $35 + $175 = $280 on newly produced materials and tools required for her spring texturing and painting activity. Additionally, she spends $0 on services since she does all the work on her own. Therefore, her annual spring texturing and painting activity contributes $280 to GDP.

b) In this scenario, Maria hires someone else to do the texturing work for her, which is a service that contributes to GDP. The cost of the service is $200, which is what a professional wall-texturing specialist would charge. Additionally, Maria spends $35 + $175 = $210 on materials and tools, and she also does the painting herself. Since she is not paying anyone for the painting service, it does not contribute to GDP. Therefore, her spring painting activity adds $200 + $210 = $410 to GDP.

c) In this scenario, Maria hires someone else to do all the work using the materials she has already purchased. The cost of the service is $200 + $350 = $550, which includes the cost of both texturing and painting services. Since Maria is not doing any work herself, she does not contribute to GDP in this scenario. Therefore, her spring painting activity adds $550 to GDP.

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The complete question goes thus:

Each year after a regular spring cleaning, Maria spruces up her home a little by retexturing and repainting the walls of one room in her house. In a given year, she spends $25 on magazines to get ideas about wall textures and paint shades, $45 on newly produced texturing materials and tools, $35 on new paintbrushes and other painting equipment, and $175 on newly produced paint. Normally, she preps the walls, a service that a professional wall-texturing specialist would charge $200 to do, and applies two coats of paint, a service that a painter would charge $350 to do, on her own.

a. When she purchases her usual set of materials and does all the work on her home by herself in a given spring, how much does Maria’s annual spring texturing and painting activity con- tribute to GDP?

b. Suppose that Maria hurt her back this year and is recovering from surgery. Her surgeon has instructed her not to do any texturing work, but he has given her the go-ahead to paint a room as long as she is cautious. Thus, she buys all the equipment required to both texture and paint a room. She hires someone else to do the textur- ing work but does the painting herself. How much would her spring painting activity add to GDP?

c. As a follow-up to part (b), suppose that as soon as Maria bends down to dip her brush into the paint, she realizes that painting will be too hard on her back after all. She decides to hire someone else to do all the work using the materials she has already purchased. In this case, how much will her spring painting activity contribute to GDP?

nelter corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 114 units in beginning inventory 375 units produced 6,480 units sold 6,450 units in ending inventory 405 variable costs per unit: direct materials $ 40 direct labor $ 25 variable manufacturing overhead $ 3 variable selling and administrative expense $ 18 fixed costs: fixed manufacturing overhead $ 103,680 fixed selling and administrative expense $ 58,050 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. required: a. prepare a contribution format income statement for the month using variable costing. b. prepare an income statement for the month using absorption costing.

Answers

a. Contribution format income statement for the month using variable costing:

Revenue: 6,450 units x $114 = $729,100

Variable Costs: 6,450 units x ($40 direct materials + $25 direct labor + $3 variable manufacturing overhead + $18 variable selling and administrative expense) = $542,850

Contribution Margin: $729,100 - $542,850 = $186,250

Fixed Costs: $103,680 fixed manufacturing overhead + $58,050 fixed selling and administrative expense = $161,730

Net Income: $186,250 - $161,730 = $24,520

b. Income statement for the month using absorption costing:

Revenue: 6,450 units x $114 = $729,100

Cost of Goods Sold: 375 units in beginning inventory x ($40 direct materials + $25 direct labor + $3 variable manufacturing overhead + $18 variable selling and administrative expense) = $22,875

+ 6,480 units produced x ($40 direct materials + $25 direct labor + $3 variable manufacturing overhead + $18 variable selling and administrative expense) = $563,450

+ $103,680 fixed manufacturing overhead = $667,325

Gross Profit: $729,100 - $667,325 = $61,775

Selling and Administrative Expense: $58,050 fixed selling and administrative expense

Net Income: $61,775 - $58,050 = $3,725

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Suppose that $2700 is deposited in an account that earns 4% interest. How much is in the account (a) after 5 years? (b) after 10 years? (c) after 20 years? (d) after 50 years? (e) after 100 years?

Answers

(a) After 5 years, the amount in the account will be $ 3271.36
(b) After 10 years, the amount in the account will be $ 4025.52
(c) After 20 years, the amount in the account will be $ 6053.35
(d) After 50 years, the amount in the account will be $ 28,091.11
(e) After 100 years, the amount in the account will be $ 2,576,183.55

Simple interest is a type of interest calculation method where the interest is calculated only on the initial principal amount of a loan or investment, without taking into account any accumulated interest over time.

We can use the formula for compound interest to answer these questions. The formula is:

A = P(1 + r/n)^(nt)

Where:

A = the amount of money in the account after t years

P = the initial deposit (principal)

r = the interest rate (as a decimal)

n = the number of times interest is compounded per year

t = the number of years

(a) After 5 years:

A = 2700(1 + 0.04/1)^(1*5)

A = 2700(1.04)^5

A = 3271.36

(b) After 10 years:

A = 2700(1 + 0.04/1)^(1*10)

A = 2700(1.04)^10

A = 4025.52

(c) After 20 years:

A = 2700(1 + 0.04/1)^(1*20)

A = 2700(1.04)^20

A = 6053.35

(d) After 50 years:

A = 2700(1 + 0.04/1)^(1*50)

A = 2700(1.04)^50

A = 28,091.11

(e) After 100 years:

A = 2700(1 + 0.04/1)^(1*100)

A = 2700(1.04)^100

A = 2,576,183.55

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For applying the equity method, we assess whether the
investor company enjoys significant influence over the investee
company or not . Access the FASB Codification and describe what the
guidance of FASB?

Answers

According to the search results, FASB provides guidance on how to determine whether an investor company has significant influence over an investee company in order to apply the equity method. Accounting Standards Codification (ASC) 323-10-15 provides guidance on this matter.

ASC 323-10-15 explains that an investor company should use judgment to determine whether it has the ability to exercise significant influence over the investee company. The guidance includes factors that should be considered in making this determination, such as the investor company's representation on the investee company's board of directors, the investor company's participation in the investee company's policy-making process and the extent of intercompany transactions.

Once significant influence is determined to exist, the investor company should use the equity method to account for its investment in the investee company. The equity method requires the investor company to recognize its share of the investee company's net income or losses in the investor company's income statement, and to adjust the carrying amount of the investment for the investor company's share of the investee company's changes in equity.

It is important to note that the guidance provided in ASC 323-10-15 is not exhaustive, and that judgment needs to be exercised in each specific case to determine if the investor company has significant influence over the investee company.

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Kolobetso runs a clothing and textile manufacturing firm, which employs 20 seamstresses. The company is going through financial difficulties. Kolobetso wrote a memo to her employees to inform them of her intention to reduce the workforce. The relevant part of the memo reads as follows:
‘I intend to reduce the size of the workforce as the firm is operating at a loss. I will terminate contracts of employment of 15 employees. The basis for termination shall be work performance. Those who have consistently failed to meet targets should look for work elsewhere. The decision is the sole prerogative of management and it is final. The redundancies are immediate.’
Thabologo works as a seamstress for Kolobetso. She is Kolobetso’s longest serving employee. She is one of 15 employees who have just received the redundancy memo. She wishes to challenge the redundancy and has come to you for advice.
Advise Thabologo on her chances of successfully challenging the redundancy

Answers

Thabologo may have a chance of successfully challenging the redundancy depending on the facts of her case.

What is case ?

A case is a legal dispute between opposing parties that seek a resolution, usually in the form of a court judgment. Cases may involve disputes between individuals, businesses, or governmental entities and can involve any number of claims or issues. Cases typically begin with the filing of a complaint by one or more parties and culminate in a resolution, whether through a settlement, court judgment, or other form of dispute resolution. Cases can involve civil law, criminal law, administrative law, or other areas of the law.

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date activity cost per unit jan 5 purchase 50 units $120 jan 20 purchase 100 units $135 jan 27 purchase 75 units $140 jan 30 sell 150 units to be determined the above transactions reflect your new company, which started its operation on jan 1st, with $0 beginning inventory. find the costs of goods sold for the month of january. assume that your warehouse manager uses fifo, periodic. type your answer without the dollar sign, for example: 13,500 should be typed as 13500

Answers

The cost of goods sold for the month of January will be $19,500.

To calculate the cost of goods sold using the FIFO method, we need to determine the cost of goods sold for each batch of units sold. Based on the information provided, we can calculate the cost of goods sold as follows:On January 30th, 50 units from the Jan 5 purchase and 100 units from the Jan 20 purchase were sold. The cost of goods sold for these units is:

                                                     50 units x $120 + 100 units x $135 = $6,000 + $13,500 = $19,500

The remaining 25 units from the Jan 20 purchase and all 75 units from the Jan 27 purchase are still in inventory.Therefore, the correct cost of goods sold for the month of January is $19,500.

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Rusthe Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold.
Date Explanation Units Unit Cost Total Cost
May 1
15
24
Inventory
Purchase
Purchase
Total
30
25
38
——
93
===
$9
10
11
$270
250
418
————
$938
======
Intructions
Calculate the ending inventory at May 31 using the FIFO, LIFO, and average-cost methods. (For average-cost, round the average unit cost to three decimal places.)
Prove the amount allocated to cost of goods sold under each method.
FIFO, LIFO and Average Cost:
FIFO:- Under this method cost of ending inventory will be the most recent purchase and the cost of goods sold will be the most earliest cost.
LIFO:- Under this method cost of ending inventory will be the most earliest purchase and the cost of goods sold will be the most recent cost.
Average Cost:- Under this method cost of ending inventory and cost of goods sold will be the weighted average of cost. Weighted Average Cost can be calculated by the following formula
Weighted Average Cost = Cost of Goods Available for Sales / Units Available for Sales

Answers

To calculate the ending inventory and cost of goods sold using the FIFO, LIFO, and average-cost methods, we need to first determine the cost of goods available for sale.

What is a FIFO ?

FIFO stands for "first-in, first-out." It is an inventory valuation method that assumes that the first items purchased are the first items sold. Under the FIFO method, the cost of goods sold (COGS) is based on the cost of the earliest inventory items, and the ending inventory is based on the cost of the most recent inventory items. In other words, the cost of the oldest inventory items is assumed to be used up first, while the cost of the most recent inventory items is assumed to remain in inventory. FIFO is commonly used in industries where the cost of inventory items tends to increase over time, such as in the electronics industry.

What is the  cost ?

Cost refers to the amount of money or resources that a business or individual must expend in order to produce or acquire a product or service. In business, cost can refer to various expenses associated with the production, sale, or delivery of goods or services. These expenses may include direct costs, such as the cost of raw materials, labor, and equipment, as well as indirect costs, such as overhead expenses like rent, utilities, and advertising. Costs can be classified as either fixed or variable, depending on whether they remain constant or fluctuate with changes in production or sales volume. Understanding and managing costs is an important aspect of financial management for businesses, as it can impact profitability and sustainability.

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Gayne Corporation's contribution margin ratio is 16% and its fixed monthly expenses are $45,500. If the company's sales for a month are $302,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change

Answers

The best estimate of the company's net operating income is $2,820.

The contribution margin ratio is defined as the contribution margin divided by sales. We can use this formula to find the contribution margin:

Contribution margin ratio = contribution margin / sales

Solving for the contribution margin, we get:

Contribution margin = contribution margin ratio x sales

Contribution margin = 0.16 x $302,000

Contribution margin = $48,320

The net operating income can be calculated by subtracting the fixed expenses from the contribution margin:

Net operating income = contribution margin - fixed expenses

Net operating income = $48,320 - $45,500

Net operating income = $2,820

Therefore, the required answer is $2,820.

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BUSI2021 - Business Simulation Capstone Mid-Term Assignment3−20%This is an individual assignment, not a group assignment. Please make sure to complete the assignment on your own. Due to the statutory holiday in Canada on February 20, 2023, the assignment will now be due at 9 pm on February 27 , 2023. Please make sure to upload your assignment before the cut-off time as late submissions will not be accepted and will receive a grade of zero. This assignment is intended to test your understanding of the CAPSIM business simulation that you have participated in so far. To complete this assignment, please follow these guidelines: 1. Summarize your CAPSIM company's performance for rounds one to three by using the comprehensive reports provided at the end of each round. In your summary, identify your team's name and include five performance indicators. (Weight:15%). 2. Describe three decisions you would change to make your CAPSIM company more profitable in subsequent rounds. Be clear and specific in your explanations. (Weight:
15%) . 3. Identify three ways that competition in the industry might have impacted your CAPSIM company's performance. Again, be specific and provide clear explanations. (Weight: 15\%). 4. Explain how your CAPSIM company's performance would change if customers were more loyal to your products. Provide three specific examples. (Weight:15%). 5. Identify your worst-performing product, and explain the impact on your CAPSIM company's performance if you a) increased the product's price by 15%, b) stopped selling the product, or c) reduced the price of the product by 10% . (Weight:15%). The assignment format, including cover letter, executive summary, and table of contents, is worth
10% of your grade. (Weight:10%) Content that is clear, concise, and to the point is worth 15% (Weight:15%). Please submit your assignment in Microsoft Word format. (Note: PDF files or other formats will not be accepted.) Remember that your grade will be based on clarity, relevance, practicality, and integration of the concepts learned. Please answer all questions in your own words and be sure to fully comply with the academic integrity policy. Plagiarism is strictly prohibited and will result in a grade of zero. This assignment is an opportunity for you to demonstrate your learning and creativity. We encourage you to showcase your best work and strive for excellence in your answers.

Answers

Review the extensive reports and select the product with the lowest sales or profits to identify your worst-performing item. Then, think about how each of the three options—raising the price, stopping sales, or lowering the price—would affect how well your business does.

What is meant by Extensive Reports?

Comprehensive documents that provide in-depth information on a specific project, issue, or topic are called extensive reports. They may cover a variety of topics, including background information, methodology, findings, and conclusions, and typically include a substantial amount of data, analysis, and recommendations. In business, government, and academic settings, extensive reports are frequently used to explain complex information to stakeholders and support decision-making. They can be made in a variety of formats, like written reports, multimedia formats, or presentations, and they can be made for executives, investors, or the general public.

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Financial Statements of a Manufacturing Firm The following events took place for Migliozzi Inc. during July, the first month of operations as a producer of road bikes:
Purchased $213,800 of materials.
Used $183,900 of direct materials in production
Incurred $160,000 of direct labor wages
Applied factory overhead at a rate of 80% of direct labor cost
Transferred $453,000 of work in process to finished goods
Sold goods with a cost of $421,200
Sold goods for $753,900 Incurred $181,100 of selling expenses
Incurred $67,400 of administrative expenses
Question Content Area
a. Prepare the July income statement for Migliozzi. Assume that Migliozzi uses the perpetual inventory method.
Migliozzi Inc.
Income Statement
For the Month Ended July 31
Administrative expensesFactory overheadGross profitIncome from operationsRevenues
Administrative expensesCost of goods soldFactory overheadMaterialsSelling expenses
Administrative expensesGross profitFactory overheadRevenuesWork in process
Selling and administrative expenses:
Cost of goods soldFactory OverheadFinished goodsRevenueSelling expenses
Administrative expensesDirect laborMaterialsRevenuesWork in process
Total selling and administrative expenses
Cost of Goods ManufacturedFinished good income from operationsMaterialsWork in process

Answers

Migliozzi Inc. Income Statement for the Month Ended July 31 can be recorded using the perpetual inventory method.

Migliozzi Inc.

Income Statement

For the Month Ended July 31

Revenues: $753,900

Cost of goods sold:

Direct materials used: $183,900

Direct labor: $160,000

Factory overhead (80% of direct labor cost): $128,000

Total manufacturing cost: $471,900

Add: Beginning finished goods inventory: $0

Total cost of goods available for sale: $471,900

Less: Ending finished goods inventory: $421,200

Cost of goods sold: $50,700

Gross profit: $703,200

Selling and administrative expenses:

Selling expenses: $181,100

Administrative expenses: $67,400

Total selling and administrative expenses: $248,500

Income from operations: $454,700

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g draw the market for labor in the food service industry below where $25 is the highest wage that any firm would demand labor and $5 is the lowest wage accepted by any worker that supplies their labor to the market. the equilibrium wage is $10/hour and quantity of labor employed is 18.4 million workers.

Answers

The graph shows the market for labor in the food service industry.

To draw the market for labor in the food service industry, we need to consider the supply and demand curves for labor. The supply curve for labor represents the willingness of workers to supply their labor at different wage rates, while the demand curve for labor represents the willingness of firms to demand labor at different wage rates. The equilibrium wage and quantity of labor employed are determined by the intersection of the supply and demand curves.

In this case, the highest wage that any firm would demand labor is $25, and the lowest wage accepted by any worker is $5. This means that the demand curve for labor will slope downward from $25 to $5, while the supply curve for labor will slope upward from $5 to $25. The equilibrium wage is $10/hour, and the quantity of labor employed is 18.4 million workers. This means that the supply and demand curves will intersect at the point ($10, 18.4 million).

The graph shows the market for labor in the food service industry.
The vertical axis represents the wage rate, while the horizontal axis represents the quantity of labor employed. The demand curve for labor is labeled D, while the supply curve for labor is labeled S. The equilibrium wage and quantity of labor employed are indicated by the point E, where the supply and demand curves intersect.

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In real estate describe how you would rectify this complaint with the potential buyer. Refer to at least two communication strategies in your answer

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To rectify a complaint with a potential buyer in real estate, it is important to use effective communication strategies. Two such strategies are active listening and empathy.

Firstly, it is important to actively listen to the potential buyer’s complaint. This involves giving them your full attention, avoiding interruptions, and asking clarifying questions to ensure that you fully understand their concerns. By actively listening, you demonstrate that you value their feedback and are committed to addressing their concerns.

Secondly, it is important to show empathy towards the potential buyer. This involves acknowledging their feelings and expressing an understanding of their perspective. By showing empathy, you can build rapport with potential buyers and help them feel heard and understood.

Once you have actively listened to the potential buyer’s complaint and shown empathy towards their concerns, you can work towards finding a solution that addresses their needs. This may involve offering a compromise or taking steps to rectify the issue that led to the complaint. By using effective communication strategies such as active listening and empathy, you can help resolve the complaint and maintain a positive relationship with the potential buyer.

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you borrowed $500,000 for your new house with a 30-year fixed-rate loan at an annual interest rate of 4.2%. the first mortgage payment is due exactly one month after you signed the contract. your monthly mortgage payment is .

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The monthly mortgage payment for a borrowed amount of $500,000 for a new house with a 30-year fixed-rate loan at an annual interest rate of 4.2% is $2,448.93.

Loan details -:

Loan amount = $500,000    Tenure = 30 years

Annual interest rate = 4.2%    

Monthly interest rate = (4.2/100) / 12 = 0.0035

Formula to calculate the monthly mortgage payment

The formula to calculate the monthly mortgage payment is given below:

P = L[c(1 + c)n]/[(1 + c)n - 1]       Where, P = monthly payment L = loan amount c = monthly interest rate n = total number of payments

The value of c and n will be different based on the loan tenure and payment frequency. So, let's substitute the values into the formula for calculating the monthly payment.

P = 500000[(0.0035)(1 + 0.0035)^360]/[(1 + 0.0035)^360 - 1]P = 500000[0.0035(1.0035)^360]/[(1.0035)^360 - 1]P = 500000[0.0035(5.553) / (5.553 - 1)]P = 500000[0.0194] / 4.553P = $2,448.93

Therefore, the monthly mortgage payment is $2,448.93.

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Which of the following financial interests would impair a covered member's independence in such a manner that it could not be reduced to an acceptable level through the use of safeguards: (A) The covered member owned an immaterial direct financial interest in an attest client prior to but not during the period of the professional engagement. (B) The covered member owned an immaterial indirect financial interest in an attest client during the period of the professional engagement. (C) The covered member owned a material indirect financial interest in an attest client during the period of the professional engagement. (D) The covered member owned a material indirect financial interest in an attest client prior to but not during the period of the professional engagement.

Answers

The financial interest that would impair a covered member's independence in such a manner that it could not be reduced to an acceptable level through the use of safeguards is owning a material indirect financial interest .The correct option is (C).

Independence is a crucial factor when performing attestation engagements. A covered member is a person or entity responsible for initiating or making decisions for the accountant's or accounting firm's auditing or attestation clients, which can significantly affect the accountant's or accounting firm's professional reputation.

In such cases, safeguards can help reduce the threat to an acceptable level. The safeguards should be sufficient to overcome the risk of independence impairment. When the safeguards are inadequate to overcome the risk of independence impairment, an independence breach occurs.

It is, therefore, vital to analyze the safeguard's effectiveness to ensure the auditor's independence isn't compromised. The correct option is (C).

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_____ focuses on smoothing transitions along the supply chain so that the firm can satisfy its customers with quality products and services

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Supply chain management focuses on smoothing transitions along the supply chain so that the firm can satisfy its customers with quality products and services.

Supply chain management deals with a system of procurement, operations management, logistics and marketing channels so that the raw materials can be converted into a finished product and delivered to the end customer.

Supply chain management is the coordination of all activities involved in the production and delivery of a product or service to customers. The goal of supply chain management is to ensure that the right products are delivered to the right customers at the right time and at the right cost.

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Title: Factors of influencing financial literacy of University
students in Malaysia
Need write about 100-200 words of Conclusion of study
(Find some information and use your own words to
write)
​​

Answers

In conclusion, financial literacy is very important for university students in Malaysia. The study found out that financial knowledge and experience, demographics, and financial education programs are significant factors influencing financial literacy among university students.

About financial literacy

The study recommends that the Malaysian government should introduce financial education in schools to develop financial literacy among students. Also, the study recommends that universities in Malaysia should provide courses on financial literacy to students to help them develop financial management skills.

Additionally, the study suggests that financial institutions should work with universities to promote financial literacy among university students in Malaysia. Finally, the study encourages further research to investigate the effectiveness of financial education programs on financial literacy among university students. financial literacy.

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Outline two problems that this business could face as a consequence of launching very few new products

Answers

Two problems that a business could face as a consequence of launching a very few new products is that of brand messaging and product positioning in the market.

Your language and positioning should be directed towards your target audience rather than your brand or product, even though you want to promote your items. Explain the benefits that your audience will receive from these features. You won't have any trouble effectively communicating your message if you make it about the audience.

Your new product has been created. The first challenge is convincing customers that they need your products. The majority of companies have trouble connecting with their target market through communication. They fail to choose the proper brand messaging and properly position their new product. Finally, they are unsuccessful in selling their new product.

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In organizational behaviour, organizations are best described as: Group of answer choices legal entities that must abide by government regulations and pay taxes. any social entity with profit-focused motives and objectives. social entities with a publicly stated set of formal goals. physical structures with observable capital equipment. groups of people who work interdependently towards some purpose.

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Organizations are best described as social entities with a publicly stated set of formal goals. They are typically formed as legal entities that must abide by government regulations and pay taxes, but the primary purpose of an organization is to pursue specific objectives and goals. Organizations are typically comprised of groups of people who work interdependently towards a common purpose. Organizations can also refer to physical structures with observable capital equipment, as this equipment helps support the activities of the organization and allows its members to pursue their goals. All the given choices are correct.

Organizations are complex social systems and are typically characterized by their formal and informal goals and objectives. A formal goal is a goal that has been publicly stated and documented, and that the organization strives to achieve. Informal goals are goals that are not formally stated but are still commonly accepted and pursued by the organization's members. Organizations are usually composed of various departments, teams, and individuals who work together to achieve the organization's goals and objectives.

Organizations have various resources at their disposal, such as money, time, people, and other physical assets. These resources are used to pursue the organization's stated goals and objectives. Organizations often have specific processes, such as policy-making, decision-making, budgeting, and human resource management, that help ensure that resources are used in an effective manner.

In summary, organizations are best described as social entities with a publicly stated set of formal goals. They are usually formed as legal entities that must abide by government regulations and pay taxes, but the primary purpose of an organization is to pursue specific objectives and goals. Organizations typically consist of groups of people who work interdependently towards a common purpose, and they have various resources at their disposal to pursue their goals. Hence, all the given options are correct.

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suppose that in 2018, the total value of all final services produced in a nation was $300 billion; the total value of all final goods produced in that nation was $400 billion; and the total value of all final goods and services produced by that nation's firms in other countries was $300 billion. gross domestic product (gdp) was $800 billion. $700 billion. $900 billion. $500 billion.

Answers

The Gross Domestic Product (GDP) will be $1,000 billion, which is not mentioned in any option.

The Gross Domestic Product (GDP) of a nation is calculated as the total value of all final goods and services produced by that nation's firms, including production within the country's borders and overseas. In the year 2018, the total value of all final services produced in a nation was $300 billion; the total value of all final goods produced in that nation was $400 billion; and the total value of all final goods and services produced by that nation's firms in other countries was $300 billion.  

What was the GDP?  

In the year 2018, the GDP of that nation was $1,000 billion. This can be calculated as follows:

GDP = Value of all final services produced in the nation + Value of all final goods produced in the nation + Value of all final goods and services produced by that nation's firms in other countries

GDP= $300 billion + $400 billion + $300 billion= $1,000 billion

Therefore, the correct answer is $1,000 billion.

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1. Why is business growth and development very uneven in our
world?
2. What are the risks of ‘too much emphasis’ on the Profit
objective of business? or why should business not only pursue economic

Answers

1. Business growth and development is very uneven in our world due to a variety of factors, including differences in resources, infrastructure, and government policies.

Some countries or regions may have more access to capital, technology, or skilled labor, while others may be limited by a lack of these resources. Additionally, government policies can play a role in creating a favorable or unfavorable business environment, such as through tax incentives or regulations.

2. The risks of placing too much emphasis on the profit objective of business include a focus on short-term gains at the expense of long-term sustainability, negative impacts on stakeholders such as employees and the environment, and a lack of trust from customers and society. Business should not only pursue economic objectives, but also consider social and environmental impacts, and work towards sustainable and responsible growth.

By taking a more holistic approach to business, companies can build stronger relationships with stakeholders and create more value over the long term. Additionally, a focus on social and environmental responsibility can help companies attract and retain talent, improve brand reputation, and access new markets.

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As their proportions in the workforce increase, the lower educational levels among latinos, black and native Americans compared to those of non hispanic. Whites are an important diversity concern. The PhD project is an organization designed ti improve workforce diversity by improving the diversity of faculty at business schools by attracting underrepresented minorities to doctoral programs. The rationale for this approach was that having more diversity at the front of the classroom would increase the amount of diversity among students in the classroom. In 1994, the PhD Project estimated that fewer than 300 of the 22,000 business school faculty in the united states were from underrepresented minority groups. With the help of the PhD project, the number of latinos, blacks, and native Americans on certain business school faculties increased from 294 to 686 between 1994 and 2004. The PhD project believes that increasing the diversity of business school faculty will ; Encourage more underrepresented minorities to pursue business degrees. Improve the performance and completion rate of underrepresented minorities by providing role models and more natural mentors. Better prepare all business students for todays multicultural society and work environment. Recognizing the importance of diversity to organizational success, many universities and well know corporations have joined in supporting the PhD project. Sponsors include PhD project founder KPMG foundation, the Graduate management admission council, citigroup foudation, Ford motor company, Daimler chrysler corportation fund, GE foundation, Abbott Labs, JP Morgan Chase, Hewlett Packard, and numerous other companies. These sponsors believe in participating in the PhD project signals to its employees and to universities commitment to diversity in the workforce. The PhD project provides peer support and assists selected student in obtaining scholarship and funding to obtain a PhD. Doctoral student involved in the PhD project have higher rates of completion of their degrees and are more likely to work in academic positions than other students. These are currently more than 400 PhD project student in doctoral programs around the nation.
1.What are the benefits of white students and students of color of having minority faculty members?
2.The PhD project assumes that having more faculty of color will increase the probability that student of color will tend and complete college, reducing the education gap between whites and blacks, latinos, and native Americans. Investigate the changes in college completion rates for these groups between 1995 and the present.

Answers

1. It includes role models and more natural mentors etc.

2. The PhD project has been successful in improving the diversity of faculty at business schools.

The benefits of white students and students of color of having minority faculty members include having role models and more natural mentors, being better prepared for today's multicultural society and work environment, and being encouraged to pursue business degrees.

The PhD project has been successful in improving the diversity of faculty at business schools. From 1994 to 2004, the number of Latinos, Blacks, and Native Americans on certain business school faculties increased from 294 to 686. College completion rates for these groups have also seen an improvement over time. Between 1995 and the present, completion rates for Blacks, Latinos, and Native Americans have all seen an increase.

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Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments, Papermaking and Converting. Pulp is first placed into a vessel at the beginning of papermaking production. The following information concerns production in the Papermaking Department for March:
ACCOUNT Work In Process-Papermaking Department
Balance
Date Item Debit Credit Debit Credit
Mar. 1 Bal., 2,600 units, 35% completed 9,139 31 Direct materials, 105,000 units 330,750 339,889 31 Direct labor 40,560 380,449 31 Factory overhead 54,795 435,244 31 Goods transferred, 103,900 units ? ? 31 Bal., 3,700 units, 80% completed ? Required:
A. On March 31, prepare the following journal entries for the Papermaking Department:*
1. The materials charged to production.
2. The conversion costs charged to production.
3. The completed production transferred to the Converting Department.
B. Determine the Work in Process—Papermaking Department March 31 balance.

Answers

Materials Charged to Production:

Debit Work in Process-Papermaking Department: $330,750

Credit Raw Materials Inventory: $330,750

What does "work in progress" mean?

"Work in progress" (WIP) refers to the partially completed goods that a company has started producing but has not yet finished. It represents the cost of the direct materials, direct labor, and manufacturing overhead applied to the production process up to a certain point in time. In accounting, WIP is typically accounted for as an inventory asset on the balance sheet until the finished goods are completed and ready for sale.

Conversion costs charged to production:

Work in Process - Papermaking Department $40,560

Wages Payable $40,560

Work in Process - Papermaking Department $54,795

Manufacturing Overhead $54,795

Completed production transferred to Converting Department:

Work in Process - Papermaking Department?

Work in Process - Converting Department?

To calculate the amount to be transferred, we can use the following formula:

Cost of goods transferred = Beginning work in process inventory + Total manufacturing costs - Ending work in process inventory

Cost of goods transferred = $9,139 + $435,244 - (3,700 units x $339,889 / 2,600 units) = $548,940

Therefore, the journal entry for the completed production transferred to Converting Department is:

Work in Process - Papermaking Department $548,940

Work in Process - Converting Department $548,940

B. Work in Process - Papermaking Department March 31 balance:

To calculate the Work in Process - Papermaking Department March 31 balance, we need to take into account the units in process and the costs incurred during the period.

Units in process on March 1: 2,600 units, 35% completed

Units started during March: 105,000 units

Units account for 107,600 units

Units completed and transferred: 103,900 units

Units in process on March 31: 3,700 units, 80% completed

Total manufacturing costs incurred during March:

Direct materials: $330,750

Direct labor: $40,560

Factory overhead: $54,795

Total: $426,105

Using the weighted average method, we can calculate the cost per equivalent unit as follows:

Cost per equivalent unit = Total manufacturing costs / Units to account for

Cost per equivalent unit = $426,105 / 107,600 = $3.96 per unit

The Work in Process - Papermaking Department March 31 balance can be calculated as follows:

Cost of beginning work in process inventory: $9,139

Cost of units started during March: 105,000 units x $3.96 per unit = $416,160

Total cost to account for $425,299

Cost of units completed and transferred: 103,900 units x $3.96 per unit = $411,264

Cost of ending work in process inventory: 3,700 units x 80% x $3.96 per unit = $11,678

Work in Process - Papermaking Department March 31 balance: $425,299 - $411,264 - $11,678 = $2,357

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Identify and briefly explain any four incentives by companies to
produce information for stakeholders. (4Marks)

Answers

Companies may produce information for stakeholders for a number of reasons, such as to meet legal requirements, uphold moral standards, and foster a favourable perception of the business.

Identify and briefly explain any four incentives by companies to produce information for stakeholders.

Four possible incentives for businesses to generate information for stakeholders are listed below: Legal requirements: Businesses might be forced by the law to provide certain information to interested parties. For instance, businesses must disclose financial data to the public and the government. Fines, penalties, and legal action may be incurred for breaking these legal requirements. Ethics: As part of their ethical obligations, businesses may produce information for stakeholders. Transparency, responsibility, and fairness are some ethical factors.  Competitive advantage is possible for businesses that provide stakeholders with high-quality information. Information production for stakeholders can be used by businesses to manage their reputation.

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The following table provides data concerning the companys costs:Fixed Costper MonthCost perCar WashedCleaning supplies$0.40Electricity$1,300$0.08Maintenance$0.10Wages and salaries$4,600$0.20Depreciation$8,200Rent$2,100Administrative expenses$1,600$0.01For example, electricity costs are $1,300 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in October and to collect an average of $5.90 per car washed.The actual operating results for October appear below:Auto LavageIncome StatementFor the Month Ended October 31Actual cars washed8,300Revenue$50,480Expenses:Cleaning supplies3,780Electricity1,926Maintenance1,060Wages and salaries6,600Depreciation8,200Rent2,300Administrative expenses1,582Total expense25,448Net operating income$25,032Required:Complete the flexible budget performance report that shows the companys activity variances and revenue and spending variances for October. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)Auto LavageFlexible Budget Performance ReportFor the Month Ended October 31Activity VariancesRevenue and Spending VariancesRevenue$(Click to select)FNoneU$(Click to select)FNoneUExpenses:Cleaning supplies(Click to select)FUNone(Click to select)NoneFUElectricity(Click to select)FNoneU(Click to select)NoneFUMaintenance(Click to select)UFNone(Click to select)UFNoneWages and salaries(Click to select)FNoneU(Click to select)FUNoneDepreciation(Click to select)FUNone(Click to select)NoneUFRent(Click to select)UNoneF(Click to select)FUNoneAdministrative expenses(Click to select)FNoneU(Click to select)FNoneUTotal expense(Click to select)NoneUF(Click to select)NoneFUNet operating income$(Click to select)UNoneF$(Click to select)UNoneF Write and solve an equation: In the 2000 Summer Olympics, the UnitedStates won 9 more medals than Russia. Together, they won 185 medals. How many medals did the United States win? Answer this please! Based on the given information from PA12-4 (pp.603-604) in your textbook, complete the following Statement of Cash Flows using the Indirect Method Notes: -place negative amounts or balances in parentheses/brackets. Example: (100) -when entering the amounts or balances, omit or do not include the dollar sign and penny value or decimal point -use comma to separate numbers/amounts/balances greater than 999. Example: 1,850 Heads Up Company Statement of Cash Flows For the Year Ended, December 31