Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. The beginning inventory cost of $82,100 consisted of $58,000 of direct materials costs and $24,100 of conversion costs.
During the month, the forming department started 520,000 units. At the end of the month, the forming department had 40,000 units in ending inventory, 85% complete as to materials and 35% complete as to conversion. Units completed in the forming department are transferred to the painting department. Cost information for the forming department is as follows:
Beginning work in process inventory $82,100
Direct materials added during the month 1,942,930
Conversion added during the month 1,359,730
1A. Calculate the equivalent units of production for the forming department.
1B. Calculate the costs per equivalent unit of production for the forming department.
1C. Using the weighted-average method, assign costs to the forming department’s output—specifically, its units transferred to painting and its ending work in process inventory.

Answers

Answer 1

Answer:

Please see attached detailed solution

Explanation:

1a. Direct material 550,000

Conversion 530,000

1b. Direct materials $3.64 per EUP

Conversion $2.61 per EUP

1c. Costs assigned to the forming department's output

• Total cost of ending work in process $160,300

• Total costs assigned $3,384,760

Please see attached detailed solution to the above questions and answers.

Fields Company Has Two Manufacturing Departments, Forming And Painting. The Company Uses The Weighted-average
Fields Company Has Two Manufacturing Departments, Forming And Painting. The Company Uses The Weighted-average
Fields Company Has Two Manufacturing Departments, Forming And Painting. The Company Uses The Weighted-average

Related Questions

3. The last dividend paid by New Technologies was an annual dividend of $1.40 a share. Dividends for the next 3 years will be increased at an annual rate of 8 percent. After that, dividends are expected to increase by 3 percent each year. The discount rate is 16 percent. What is the current value of this stock

Answers

Answer:

$12.60

Explanation:

The computation of the current value of the stock is shown below:-

= $1.40 × (1.08) ÷ 1.16 + 1.40 × (1.08)^2 ÷ (1.16)^2 + 1.40 × (1.08)^3 ÷ (1.16)^3 + 1.40 × (1.08)^3 × (1.03) ÷ (0.16 - 0.03) × (1.16)^3

= $1.3034 + $1.2136 + $1.1299 + $8.9520

= $12.60

Therefore for computing the current value of stock we simply solved the above equation.

"Ayres Services acquired an asset for $80 million in 2021." The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). Ayers deducted 100% of the asset's cost for income tax reporting in 2021. The enacted tax rate is 25%. Amounts for pretax accounting income, depreciation, and taxable income in 2021, 2022, 2023, and 2024 are as follows: ($ in millions)

2021 2022 2023 2024
Pretax accounting income $330 $350 $365 $400
Depreciation on the income statement 20 20 20 20
Depreciation on the tax return (80 ) (0 ) (0 ) (0 )
Taxable income $270 $370 $385 $420

For December 31 of each year, determine:
a. The cumulative temporary book-tax difference for the depreciable asset.
b. The balance to be reported in the deferred tax liability account.

Answers

Answer:

a. The cumulative temporary book-tax difference for the depreciable asset are as follows:

December 31, 2021 = $60 million

December 31, 2022 = $40 million

December 31, 2023 = $20 million

December 31, 2024 = $0

b. The balance to be reported in the deferred tax liability account are as follows.

December 31, 2021 = $15 million

December 31, 2022 = $10 million

December 31, 2023 = $5 million

December 31, 2024 = $0

Explanation:

Note: See the attached excel file for the calculation of cumulative temporary book-tax difference for the depreciable asset and the balance to be reported in the deferred tax liability account for December 31 of years 2021, 2022, 2023 and 2024 in bold red color.

In the attached excel file, the following formula are used:

Cumulative Temporary differences at December 31 of the current year = Cumulative Temporary differences at December 31 of the previous year + (Depreciation on the tax return at December 31 of the current year - Depreciation on the income statement at December 31 of the current year)

Balance to be reported in deferred tax liability account at December 31 of the current year = Cumulative Temporary differences at December 31 of the current year * Tax rate

At the local banking institution the branch manager doubles as the IT "go-to" by handling printer setups, resettingLAN passwords, and periodically monitoring the branch’s server health. Last week she noted that a handful of herbranch’s customers complained about suspicious activity in their checking accounts. She knew that the main branchwould handle it and repair any fraudulent charges. She also knew better than to bother the main branch with these customer complaints because the main branch is always ahead of things like this and quickly reminds her that they seewhat she does. Her only response, therefore, was to assure her customers that their accounts would be repaired withinten business days.The most likely law or regulation that becomes an issue upon her discovery i:__________.
a. The Gramm-Leach-Bliley Act’s Safeguards Rule
b. The Good Samaritan Law
c. Section 404 of the Sarbanes-Oxley Act
d. The FTC’s Red Flags Rule

Answers

Answer: d. The FTC’s Red Flags Rule

Explanation:

The Federal Trade Commission has a Red Flags Rules that requires that financial institutions like Banks should implement a program that is capable of flagging instances of suspicious activity that could point to identity theft in the covered accounts that it holds.

This bank's customers are seeing some suspicious activity in their checking accounts which could point to a case of identity theft. The Red Flags rule could therefore be the most relevant rule to the manager's discovery.

provide an example of two companies that have built an effective co-operation.briefly explain the relationship of it g

Answers

Answer:

An example of two companies that have built an effective co-operation is discussed below in details.

Explanation:

Louis Vuitton & BMW

Co-operation Operations: The Art of Travel

Designer Louis Vuitton and Carmaker BMW may not be the usual simple pairings. But if you believe about it, they have some significant things in general. If you concentrate on Louis Vuitton's trademark baggage lines, they're both in the industry of journey. They both value leisure. And finally, they're both well-known, fabulous brands that are recognized for high-quality craftsmanship.

asper makes a $28,000, 90-day, 8.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)

Answers

Answer:

$595

Explanation:

The computation of the amount of interest is shown below:-

Amount of interest = Loan amount × Interest rate × Number of days ÷ Number of days in a year

= $28,000 × 8.5% × 90 ÷ 360

= $595

Therefore for computing the amount of interest we simply applied the above formula.

And the same is to be considered

Svetlana won $1,000,000 in a contest, to be paid in twenty $50,000 payments at yearly intervals, the first payment paid at the time of the contest. (Of course, the present value of her winnings is less than $1,000,000.) Svetlana decided to keep X each year to spend and deposit the remaining $50;000 X into an account earning an annual effective interest rate of 5%. She chose the value X to be as large as possible so that, at the moment of the 20th deposit, the account would have grown to such a size that it would provide Svetlana and her heirs at least X per year in interest forever. Find X.

Answers

Answer: 31155.5

Explanation:

The following can be deduced from the question:

Money won = $1,000,000

Installments made yearly = $50,000

Interest rate = 5%

The yearly deposits made by Svetalana will be: = 500000-x

The future Value of the yearly deposits made by Svetalana will be:

= (50000-x) × (1/(1.05) + (1/(1.05)^2 .....(1/(1+0.05)^20))

= (500000-x) × 33.066

We should recall that the interest from the question is equated to x. This will be:

33.066 × (50000-x) × 0.05 =x

1.6533(50000 - x) = x

82665 - 1.6533x = x

2.6533x = 82665

x = 82665/2.6533

x = 31155.5

t a sales volume of 36,500 units, Peres Corporation's sales commissions (a cost that is variable with respect to sales volume) total $576,700. To the nearest whole dollar, what should be the total sales commissions at a sales volume of 35,000 units? (Assume that this sales volume is within the relevant range.

Answers

Answer:

$553,000

Explanation:

Calculation for the total sales commissions

First step is to compute the Sales commission per unit using this formula

Sales commission per unit = Total sales commissions ÷ Unit sales

Let plug in the formula

Sales commission per unit= $576,700 ÷ 36,500

Sales commission per unit= $15.80

Last step is to find the Total sales commission using this formula

Total sales commission = Sales commission per unit × Unit sales

Let plug in the formula

Total sales commission= $15.80 × 35,000

Total sales commission=$553,000

Therefore the Total sales commission will be $553,000

Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows.

January February
Sales $428,400 $476,000
Direct materials purchases 142,800 148,750
Direct labor 107,100 119,000
Manufacturing overhead 83,300 89,250
Selling and administrative expenses 94,010 101,150

All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,190 of depreciation per month.

Other data:
1. Credit sales: November 2019, $297,500; December 2019, $380,800.
2. Purchases of direct materials: December 2019, $119,000.
3. Other receipts: January—Collection of December 31, 2019, notes receivable $17,850; February—Proceeds from sale of securities $7,140.
4. Other disbursements: February—Payment of $7,140 cash dividend.

The company’s cash balance on January 1, 2020, is expected to be $71,400. The company wants to maintain a minimum cash balance of $59,500.

Required:
Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February.

Answers

Answer:

I used an excel spreadsheet since there is not enough room here.  

                   

The stock of Static Corporation has a beta of 0.7. If the expected return on the market increases by 6%, the expected return on Static Corporation should increase by

Answers

Answer:  4.2%

Explanation:

Beta is a measure of sensitivity of a stock in that it measures how the stock reacts to a movement in market return. The Beta of the Market is 1.

If a Stock's Beta is 2, this means that if expected market return increases by 1%, the stock's expected return will increase by 2%. If a Stock's beta is 0.5 then if the expected return on the market increases by 1%, the stock's expected return will increase by 0.5%.

In this case the expected return on the market increases by 6% so the expected return on Static Corporation should increase by;

= 0.7 * 6%

= 4.2%

How can you enable your sales team to perform better?
A. by enforcing stringent rules
B. by providing them with training and other supporting material
C. by permitting them the freedom to do whatever they think is right
D. by increasing their pay more often than the rest of the workforce

Answers

Answer: i think its B because it makes the most sense out of them all

Explanation:

You want a seat on the board of directors of Red Cow, Inc. The company has 260,000 shares of stock outstanding and the stock sells for $51 per share. There are currently 5 seats up for election. The company uses straight voting. How much will it cost you to guarantee that you will be elected to the board

Answers

Answer:

$2,210,051

Explanation:

The computation of the cost that would be guaranteed is shown below:

first find the number of shares controlled which is

= (S x N) ÷  (D + 1) ] + 1

Where,

S = the total number of shares

N  = the number of directors required

D  = total number of directors i.e. elected

So,

= (260,000 × 1) ÷ (5 + 1) + 1

= 43,334

Now the cost is

= 43,334 × $51

= $2,210,051

Please complete the spreadsheet template:
Trans no. Transaction
1. Pamela Wong, the owner, opened a checking account for the business by depositing $48,000 of her personal funds.
2. Paid the monthly rent of $1,500.
3. Bought office furniture on account for $1,000.
4. Pamela Wong invested $3,000 of office equipment in the business.
5. Paid cash for a new computer for the business, $5,000.
6. Paid for an advertisement in the local newspaper, $200.
7. Completed graphic desktop publishing services for a client and sent a bill for $800.
8. Paid $700 on account for the office furniture bought earlier.
9. Received $500 on account from a client.
10. Pamela Wong withdrew $1,000 for personal use.
11. Received $400 cash for desktop publishing services completed for a client.

Answers

Answer:

I used an excel spreadsheet sine there is not enough room here.        

Explanation:

Excel templates make it simpler to create a spreadsheet with a polished appearance by including all of the following, with the exception of Data.

What is Excel Sheet ?

To eliminate the necessity for the user to generate those designs from scratch, templates are made to specify the fundamental structure of each document that is repeated.

A template typically includes formatting and pre-defined formulas. However, it won't include any data as the template's goal is to have a consistent structure but allow for variable values so that it can respond appropriately to the data.

Formatting and pre-made formulas are frequently included in templates. Although the template aims to have a consistent structure and allow for variable values so that it can react appropriately to the data, it won't contain any data.

Any template will therefore include design but not data. We are able to make a new one, modify an existing template, or utilize the default template.

Learn more about Templates here

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# SPJ 5

How is a proceeding for violation of the regulations in Circular 230 instituted against a tax practitioner

Answers

Incomplete question. The options read;

A. An aggrieved taxpayer files a petition with the United States Tax Court stating a claim against the attorney, certified public accountant, registered tax return preparer, enrolled agent, enrolled retirement plan agent, or enrolled actuary

B. The IRS representative signs a complaint naming the tax practitioner and files the complaint with the Administrative Law Judge (ALJ)

C. The Secretary of the Treasury files a complaint against the attorney, certified public accountant, registered tax return preparer, enrolled agent, enrolled retirement plan agent, or enrolled actuary in the United States District Court for the District of Columbia

D. The Commissioner of the IRS files a complaint against the attorney, certified public accountant, registered tax return preparer, enrolled agent, enrolled retirement plan agent, or enrolled actuary with the United States Tax Court

Answer:

D. The Commissioner of the IRS files a complaint against the attorney, certified public accountant, registered tax return preparer, enrolled agent, enrolled retirement plan agent, or enrolled actuary with the United States Tax Court

Explanation:

According to the information on the thetaxadviser website, when there is a  violation of the regulations in Circular 230 instituted by a tax practitioner a complaint would be filed, and if found guilty, he or she "may be censured, suspended, or disbarred from practice before the IRS."

Usually, the Office of Professional Responsibility would take up the case against the tax practitioner.

Label the following hypothetical demand scenarios. Use the midpoint method.
Contain Yourself!, a plastic container company, raises the price of its signature "lunchbox" container from $3.00 to $4.00. As a result, the quantity sold drops from 20,000 to 15,000. ..........
Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5. ..................
CapCityMetro decides to increase bus fare rates from $2.00 to $2.21. Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day. ...............
Inelastic unit-elastic Elastic perfectly elastic

Answers

Answer:

Contain Yourself!, a plastic container company, raises the price of its signature "lunchbox" container from $3.00 to $4.00. As a result, the quantity sold drops from 20,000 to 15,000.

UNIT ELASTIC ⇒ when the price elasticity of demand is unit elastic, a change in price will result in a proportionally equal change in the quantity demanded.

PED = % change in quantity / % change in price = {(15 - 20) / [(15 + 20)/2]} / {($4 - $3) / [($4 + $3)/2]} = -0.2857 / 0.2857 = -1 or |1| in absolute terms

Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5.

INELASTIC DEMAND ⇒ when the price elasticity of demand is inelastic, a change in price will result in a proportionally lower change in the quantity demanded.

CapCityMetro decides to increase bus fare rates from $2.00 to $2.21. Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day.

ELASTIC DEMAND ⇒ when the demand for a good is elastic, a change in price will result in a proportionally higher change in quantity demanded.

PED = % change in quantity / % change in price = {(61,000 - 70,000) / [(61,000 + 70,000)/2]} / {($2.21 - $2) / [($2.21 + $2)/2]} = -0.1374 / 0.1 = -1.374 or |1.374| in absolute terms

connecting u dropped its price from $20 to $16 per gigabyte of data. Joe according to the midpoint formula, Connecting U reduced its price by what percentage?

Answers

Answer:

-$22.2

Explanation:

The computation of price by percentage is shown below:-

Price by percentage = (End price - Beginning price) ÷ (End price - Beginning price) ÷ 2 × 100

= ($16 - $20) ÷ ($16 - $20) ÷ 2 × 100

= -$4 ÷ $18 × 100

= -$400 ÷ $18

= -$22.2

So, we have applied the above formula.

And, the same is to be considered

Connecting u dropped price in percentage is 22.2%

Midpoint formula:

Given that;

Old price = $20

New price = $16

Find:

Connecting u dropped price in percentage

Computation:

[tex]Dropped\ price\ in\ percentage=[\frac{16-20}{\frac{16+20}{2} }]100\\\\Dropped\ price\ in\ percentage=[\frac{16-20}{18}]100\\\\Dropped\ price\ in\ percentage=[\frac{-4}{18}]100\\\\Dropped\ price\ in\ percentage=22.2[/tex]

Connecting u dropped price in percentage = 22.2%

Find out more information about 'Midpoint formula'

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A company looking to expand internationally with little risk would choose?

Answers

Answer:

LicensingFranchising

Explanation:

There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.

With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.

Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.

Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.

The Titanic Shipbuilding Company has a noncancelable contract to build a small cargo vessel. Construction involves a cash outlay of $273,000 at the end of each of the next two years. At the end of the third year the company will receive payment of $650,000. Assume the IRR of this option exceeds the cost of capital. The company can speed up construction by working an extra shift. In this case there will be a cash outlay of $595,000 at the end of the first year followed by a cash payment of $650,000 at the end of the second year. Use the IRR rule to show the (approximate) range of opportunity costs of capital at which the company should work the extra shift.

The company should work the extra shift if the cost of capital is between ___________ % and ___________ %

Answers

Answer:

19% to 19.7%

Explanation:

Cost of capital is the firm cost of sources of financing. It includes debt, equity and all other sources of finance with keeping the track of their required rate of return. The cost of capital is the expected return which is required by the lenders of fund.

g you are eligible for a 30 year fixed rate home mortgage with 3.6% interest rate what is the maximum loan you can get

Answers

Answer:

the maximum loan is $379,417

Explanation:

The computation of the maximum loan is shown below:

As we know that

Maximum Loan = Present Value of all monthly Payments

=  $1,725 × PVAF(0.3%,360 months)

= $1,725 × [1- (1+0.003)^-360] ÷ 0.003

= $1,725 × 219.9517

=  $379,417

hence, the maximum loan is $379,417

Here the interest rate is divided by 12 and the months should be multiplied by 12 as this is the case of monthly basis

Answer:

money

Explanation:

what will you use for banca/boat to move​

Answers

Answer:

a paddle

Explanation:

Using a "paddle" is very important in order to move/propel a boat. Paddling creates a force which goes against the water. This force is faced by an opposite force that is equal and that which allows the boat to move forward.

So as you push the water asides, the boat accelerates. Such technique is deemed efficient when using the boat. Not following the proper technique will not move the boat.

Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process inventory, March 1 22,000 Work in process inventory, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Selling and administrative expenses 79,000
Prepare a schedule of cost of goods manufactured. Enter all amounts as positive numbers. Zoe Corporation Statement of Cost of Goods Manufactured For the Month Ended March 31

Answers

Answer:

Explanation:

The preparation of the cost of goods manufactured is presented below:

Zoe Corporation

Statement of Cost of Goods Manufactured

For Month Ended March 31, 20XX

Work in process inventory March 1   $22,000

Direct materials :    

Materials inventory, March 1  $6,000  

Add: Purchases       $92,000  

Cost of materials for use $98,000  

Less - materials inventory, March 31 -$8,000  

cost of materials placed in production $90,000  

Add:

Direct labor  $25,000  

Factory overhead  $37.000  

Total manufacturing costs added  $152,000

Total manufacturing costs     $174,000

Less- work in process inventory, March 31  $23,500

Cost of goods manufactured   $150,500

Sara purchased a life insurance policy as an investment from her neighbor, Angela. Angela, the original policy holder had paid premiums of $12,000 before the sale. Sara paid Angela $16,500 to acquire the life insurance policy. Sara made additional payments of $5,000. When Angela died, Sara collected $50,000. How much of the policy proceeds is taxable to Sara

Answers

Answer:

$16,500

Explanation:

She invested = $12,000

Total money spent to acquire the policy = ($16,500 + $5000) = $21,500

Total money invested on policy = $21500 + $12000

Total money invested on policy = $33500

Money that sara got after angela died = $50,000

Therefore, the taxable proceed will be = $50,000 - $33,500 = $16,500

If national income is $5,000 billion, compensation of employees is $1,105 billion, proprietors’ income is $1,520 billion, corporate profits are $490 billion, and net interest is $128 billion, then rental income is equal to

Answers

Answer:

Rental income = $1,757 billion

Explanation:

National income is defined as the value of goods and services that a nation produces within a financial year.

Therefore it is made up of all economic actives that the nation is involved in.

The gross domestic product is a measure of the national income.

The formula for national income is given below

National income = employees compensation + proprietors' income + corporate profits + rental income +net interest

5,000 billion = 1,105 billion + 1,520 billion + 490 billion + rental income + 128 billion

Rental income = 5,000 billion - 3,243 billion

Rental income = $1,757 billion

Consider a multifactor model with two factors. A well-diversified portfolio (Portfolio P) has a beta of 0.75 on factor 1 and a beta of 1.25 on factor 2. The risk premiums on the factor 1 and factor 2 are 1% and 7%, respectively. The risk-free rate of return is 7%. What is the expected return on portfolio P, according to a two-factor model

Answers

Answer: 16.5%

Explanation:

Expected Return on portfolio P will be calculated as:

= Rf + (Beta1 × F1) + (Beta2 × F2)

where,

Rf = Risk Free rate

F1 = risk premium on Factor1

F2 = risk premium on Factor2

Expected Return will now be:

= 7% + (0.75 × 1%) + (1.25 × 7%)

= 7% + 0.75% + 8.75%

= 16.5%

The expected return on portfolio P, according to a two-factor model will be 16.5%.

Answer:

16.5%

Explanation:

A multi-factor model can be used to explain either an individual security or a portfolio of securities. It does so by comparing two or more factors to analyze relationships between variables and the resulting performance.

DATA

Risk Free rate  = Rf = 7%

risk premium on Factor1  = F1 =  1%

Beta (Factor 1) = 1.25

risk premium on Factor2  = F2 = 7%

Beta (Factor 1) = 2

Expected Return = Rf + (Beta1 x F1) + (Beta2 * F2)

Expected Return = 7% + (0.75 x 1%) + (1.25 x 7%)

Expected Return = 0.07 + 0.0075 + 0.0875

Expected Return = 0.165 or  16.5%

What are the 2 main sources of data

Answers

Answer:

internal and external source

Explanation:

Answer:

There are two sources of data. they are:

1. Internal Source.

2. External Source.

Explanation:

Internal Source. When data are collected from reports and records of the organision itself, it is known as the internal source.

External Source. When data are collected from outside the organition, it is known as the external source.

Below are cash transactions for a company, which provides consulting services related to mining of precious metals.

a. Cash used for purchase of office supplies, $1,600.
b. Cash provided from consulting to customers, $42,600.
c. Cash used for purchase of mining equipment, $67,000.
d. Cash provided from long-term borrowing, $54,000.
e. Cash used for payment of employee salaries, $23,400.
f. Cash used for payment of office rent, $11,400.
g. Cash provided from sale of equipment purchased in c. above, $21,900.
h. Cash used to repay a portion of the long-term borrowing in d. above, $37,000.
i. Cash used to pay office utilities, $3,700.
j. Purchase of company vehicle, paying $9,400 cash.

Required:
Calculate cash flows from operating activities.

Answers

Answer:

                      Cash Flow Statement

         Cash Flow from Operating Activities

Cash received from customers                     $42,600

Cash payment to salaries                             -$23,400

Cash used for purchase of office supplies  -$1,600

Office rent paid                                              -$11,400

Payment for office utilities                             -$3,700

Net Cash Inflow from Operating activities  $2,500

Explain how allocating the profits evenly between the partners would work. Consider the fairness to each of the partners in your response.

Answers

Answer and Explanation:

Allocation of profit to partners is all dependent on partnership agreement also called partnership deed where sharing ratio as well as role and participation of partners are stated clearly. The sharing ratio states how profits or losses in the partnership is shared amongst partners. If there is ratio to share profit equally or higher and lower for certain partners, it is made and stated clear in partnership deed before business commences, this ensures there is fairness in partners' dealings and everyone gets his share according to agreement

There are two machines for sale that you are considering purchasing for your sawmill to produce hardwood flooring. You want to find the one that has a higher process capability index, or Cpk. The goal is to produce flooring that is between 46 and 50 millimeters thick. The first machine is more accurate on average, producing to a mean of 48 millimeters...but unfortunately it has more variation with a standard deviation of 7 millimeters. The second machine is not as accurate, with a mean of 47mm, but does deliver a more consistent output, with standard deviation of 3mm.
[ Select] What is the Cpk of machine 1?
[Select] What is the Cpk of machine 2?
[ Select] If your goal is to be capable', what would you do?
[ Select] If (somehow) you could combine the best of both machines (the centering or average of machine 1 coupled with the constancy or standard deviation of machine 2, what would the Cpk be?

Answers

Answer:

Machine 1 = 0.092

Machine 2 = 0.111

Combined = 0.222

Explanation:

Given the following :

Lower specification limit (LSL) = 46 mm

Upper specification limit (USL) = 50 mm

MACHINE 1:

Mean 1 (m1) = 48

Standard deviation 1 (σ1) = 0.7

MACHINE 2:

Mean 2 (m2) = 47

Standard deviation 2 (σ2) = 0.3

Cpk formula:

Min(USLcpk, LSLcpk)

USLcpk = (USL - m) / 3σ

LSLcpk = (m - LSL) / 3σ

FOR MACHINE 1:

USLcpk = (50 - 48) / 3(7) = 0.0952

LSLcpk = (48 - 46) / 3(7) = 0.0952

Cpk = Min(0.952, 0.952) = 0.952

FOR MACHINE 2:

USLcpk = (50 - 47) / 3(3) = 0.333

LSLcpk = (47 - 46) / 3(3) = 0.111

Min(USLcpk, LSLcpk)

Cpk = Min(0.333, 0.111) = 0.111

When combined :

Mean = 48

σ = 3

USLcpk = (50 - 48) / 3(3) = 0.222

LSLcpk = (48 - 46) / 3(3) = 0.222

Min(USLcpk, LSLcpk)

Cpk = Min(0.222, 0.222) = 0.222

Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey is contributing $200,000 for a 40% ownership interest. Mickayla is contributing a building with a value of $200,000 and a tax basis of $150,000 for a 40% ownership interest, and Taylor is contributing legal services for a 20% ownership interest. Using the research skills you learned in Week 1, access RIA Checkpoint and research what amount of gain/income each owner is required to recognize under each of the following alternative situations?

a. MMT is formed as a C corporation.
b. MMT is formed as an S corporation.
c. MMT is formed as LLC.

Answers

Answer:

a. MMT is formed as a C corporation.

Mickey and Mickayla will not recognize any gain, while Taylor must recognize $100,000 as ordinary income. Mickey and Mickayla's exchange classifies under §351, but Taylor's doesn't.

b. MMT is formed as an S corporation.

Mickey and Mickayla will not recognize any gain, while Taylor must recognize $100,000 as ordinary income. Mickey and Mickayla's exchange classifies under §351, but Taylor's doesn't.

c. MMT is formed as LLC.

Mickey and Mickayla will not recognize any gain, while Taylor must recognize $100,000 as ordinary income. Mickey and Mickayla's exchange classifies under §721, but Taylor's doesn't.

Explanation:

Basically §351 and §721 are very similar except that one applies to corporations and the other applies to partnerships and LLCs. No gain will be recognize when assets are transferred in exchange for equity, and the people involved in the exchange can control the company.

What are some of the government requirements imposed on a public corporation that are not imposed on a private, closely held corporation? Discuss pros and cons of each

Answers

Answer:

The government (the SEC) imposes several regulations on publicly traded corporations and requires mandatory reporting regarding their financial position, compensation to key employees, auditing and accounting procedures, conflicts of interest between upper management and shareholders, operating results, etc.

The pros of that large amount of reports is that it makes management accountable for what happens and it makes their job more transparent.

The downside is that they are expensive and time consuming.

On the other hand, privately held corporations decide what to disclose to the general public or the government. The IRS is something that cannot be avoided, but the SEC and its scrutiny is avoided.

Other advantages of publicly held corporations:

a publicly held corporation should be able to raise larger amounts of capitalsince the number of owners is larger, debt per ownership stake is generally much lowertop management tends to be more independent and suffer less pressures from individual stockholderspublicly trades corporations tend to receive more publicity and are better knownthey also attract more talent

Other disadvantages of publicly held corporations:

publicly held corporation have a lot of owners and they all have the right to be informed about what happens within the corporation and vote to elect the board of directorssome decisions require that shareholders vote on them, e.g. mergersstock prices suffer from market riskgoing public is also expensive

Which action taken by a central bank would reflect expansionary monetary policy?

Answers

A central bank , will use expansionary monetary to strengthen an economy. The three key actions by fed to expand the economy include a decreased discount rate , buying government securities, and lowered reserve ratio.

The action taken by a central bank which would reflect the expansionary monetary policy is the sale of treasury securities to banks and the lowering down of reserve requirements.

Options A and C are correct.

What is a central bank?

A central bank is referring to the largest bank that controls the regional and subordinate banks. It is the bank in which the commercial banks keep the needed reserve ratio. There are various policies being made by the central bank to monitor the monetary system like fiscal policy, monetary policy, economic policy, etc.

The central bank of the US country is the Federal Reserve that applied the expansionary monetary policy.  The three ways that are made by Federal Reserve in respect of this policy are by making the discount rates to be fallen down for every bank, by acquiring the securities being sold by the government in the market and by keeping the reserve ratio to the lowest so that commercial banks can easily maintain them.

Therefore, the explanations written in option A and C are correct.

Learn more about the expansionary monetary policy in the related link:

https://brainly.com/question/28038989

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Question's missing part:

The options are given as follows:

A) Selling treasury securities to banks to reduce the money supply

B) Raising the discount rate to provide less in loans to banks

C) Lowering the reserve requirements for all banks

D) Raising the interest that it pays to banks on the balance of their

reserves

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