The following is a condensed version of the comparative balance sheets for Tamarisk Corporation for the last two years at December 31.
2020 2019
Cash $ 354,000 $ 156,000
Accounts receivable 360,000 370,000
Investments 104,000 148,000
Equipment 596,000 480,000
Accumulated Depreciation-Equipment (212,000 ) (178,000 )
Current liabilities 268,000 302,000
Common stock 320,000 320,000
Retained earnings 614,000 354,000
Additional information:
Investments were sold at a loss of $20,000; no equipment was sold; cash dividends paid were $60,000; and net income was $320,000.
Prepare a statement of cash flows for 2020 for Swifty Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answers

Answer 1

Answer:

                              Cash Flow Statement

Cash flow from Operating Activities

Net Income                                                            $296,000

Adjustments

Depreciation                                   $34,000

(212,000- 178,000)

Loss on sale of Investments          $20,000  

Decrease in Accounts Receivable $10,000

(370,000 - 360,000)

Decrease in Current Liabilities      -$34,000

(268,000 - 302,000)

Total Adjustments                                                       $30,000

Cash from operating activities                               $326,000

Cash flow from Investing Activities

Purchase of Equipment          -$116,000

(480,000 - 596,000)

Sale of Investment                  $24,000

(148,000 - 104,000 -20,000)

Cash used in investing activities                            -$92,000

Cash flow from Financing Activities

Issue of shares                         $-    

Dividend Paid                          -$60,000

Cash from financing activities                                 -$60,000

Net Increase in cash                                                   $ 174,000

Opening Balance of Cash                                           $156,000

Closing Balance of Cash                                            $330,000


Related Questions

Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following:

Common stock, $6 par value, 120,000 shares authorized
Preferred stock, 11 percent, par value $13 per share, 5,000 shares authorized

During the year, the following transactions took place in the order presented:

a. Sold and issued 21,900 shares of common stock at $26 cash per share.
b. Sold and issued 2,800 shares of preferred stock at $30 cash per share.
c. At the end of the year, the accounts showed net income of $41,600. No dividends were declared.

Required:
Prepare the stockholders’ equity section of the balance sheet at the end of the year.

Answers

Answer and Explanation:

The preparation of  the stockholder equity section is presented below:

Tandy Company

Balance Sheet (Partial)  

Stockholders Equity :  

Contributed Capital :  

Common stock (21,900 shares ×  $6) $131,400

Preferred stock (5,000 shares × $13) $65,000

Additional Paid in Capital - Common stock (21,900 shares ×  $20)  $438,000

Additional Paid in Capital - Preferred stock (5,000 shares × $17) $85,000

Total Contributed Capital $719,400

Add: Retained Earnings $41,600

Total Stockholders Equity $761,000

Last year Electric Autos had sales of $190 million and assets at the start of the year of $330 million. If its return on start-of-year assets was 15%, what was its operating profit margin

Answers

Answer:

2.61%

Explanation:

The first step is to calculate the operating income

= ROE × assets

= 15/100 × $330,000,000

= 0.15 × $330,000,000

= $49,500,000

Therefore the operating profit margin can be calculated as follows

= operating income/sales

= $49,500,000/190,000,000

= 0.2605 × 100

= 2.61 %

What is a balance sheet?

Answers

Answer:

"In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity."

Explanation:

Sources: Wikipedia

Presented below are a number of balance sheet accounts of Deep Blue Something, Inc. For each of the accounts below, indicate the proper balance sheet classification.
Balance Sheet Accounts
Balance Sheet Classification
(a) Investment in Preferred Stock.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(b) Treasury Stock.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(c) Common Stock.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(d) Dividends Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(e) Accumulated Depreciation-Equipment.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(f)(1) Construction in Process (Constructed for another party).
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(f)(2) Construction in Process (Constructed for the use of Deep Blue Something, Inc.).
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(g) Petty Cash.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(h) Interest Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(i) Deficit.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(j) Equity Investments (trading).
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(k) Income Taxes Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(l) Unearned Subscription Revenue.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(m) Work in Process.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(n) Salaries and Wages Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity

Answers

Answer

S/N   Balance Sheet Accounts            Balance Sheet Classification

(a)  Investment in Preferred Stock     Current Asset

(b)  Treasury Stock                              Shareholders’ Equity

(c)  Common Stock                              Shareholders’ Equity

(d)  Dividends Payable                         Current Liability

(e)  Accumulated Depreciation           Property, Plant, and Equipment

     -Equipment  

(f)-1 Construction in Process                 Current Assets

      (Constructed for another party).  

(f)-2 Construction in Process                Property, Plant, and Equipment

     (Constructed for the use of Deep Blue Something, Inc.).

(g)    Petty Cash.                                    Current Assets

(h)    Interest Payable                            Current Liability

(i)     Deficit                                             Retained Earning

(j)     Equity Investments (trading)         Current Assets

(k)    Income Taxes Payable                   Current Liability

(l)     Unearned Subscription Revenue  Current Liability

(m)   Work in Process                              Current Assets

(n) Salaries and Wages Payable         Current Liability

Suppose that per-unit costs for Alpha-Zeta Co. are $25 when they are producing 50,000 units. Now suppose that the firm increases production to 50,100 units and total costs are $2,000,000 at that level of production. Question: What is occurring as the firm increases production from 50,000 to 50,100 units?

Answers

Answer:

Diseconomies of scale due to the fact that per unit cost increased from $25 to $39.92

Explanation:

Economies is scale is when a larger production is a product leads to reduced cost of production.

For example if production of 1,000 units of a good costs $20 per unit, but production of 1,500 units goes for $17. The cost of production per unit reduces. So there is economies of scale.

In the given scenario production of 5,000 units is at $25 per unit.

While at 5,100 units it is (2,000,000 ÷ 50,100) = $39.92

So this is a diseconomies of scale.

An error understated Power Corporation​'s December​ 31, 2018​, ending inventory by​ $54,000. What effect will this error have on total assets and net income for 2018​?

Answers

Answer:

•The total Assets will be under stated by $54,000 in 2018.

•The Net income will also be understated by $54,000 in 2018.

Explanation:

In computing income statement, beginning inventory is usually added to net purchases, then minus ending inventory to arrive at cost of goods sold.

The cost of goods sold can also be computed as ;

Cost of goods sold = Beginning inventory + Net purchases - Ending inventory. What the above means is that if ending inventory is understated, then the cost of goods sold will be overstated.

The gross profit is arrived at by deducting cost of goods sold from net sales. So, if cost of goods sold is overstated, then the gross profit will be understated by same amount, whereas an overstated gross profit , will also over state net profit.

Inventory is an asset. When an inventory is understated, then the overall asset would also be understated by same amount.

Discuss MSOs corporate governance. Has the company been able to separate the ownership and managerial control

Answers

Answer:

The corporate governance of Martha Stewart Living Omnimedia MSO has failed.

Explanation:

The reason for failure of corporate governance at MSO was the lack of transparency. The owner of the company was the largest shareholder. There was lack of separation of ownership and control in the company. The management of the company has not been effective in managing the operations and there were lack of internal controls in place. The company has gone to produce lower category products such as cleaning fluid and so, this has lead the company to deteriorate its brand image.

Please help me!! I don’t understand :(

How did the recession influence the drug-naming process?

Answers

Answer:

Less economically stable countries implemented more pharmaceutical policy changes during the recession than economically stable countries. Unexpectedly, pharmaceutical sales volumes increased in almost all countries, whereas sales values declined, especially in less stable countries.

Hopefully this is right, there wasn't many articles on this topic.

The recession has caused many medications to be reformulated with cheaper ingredients that make them more affordable for the public. This reformulation forced a new name for medicines.

This happened because:

In times of economic recession, the entire economy of the country is deficient.This affects all industries in a very imposing way, as they can be left with poor economic conditions, which promotes a cost cut.One of the ways to promote this cost cut is with the reformulation of products, which start using alternative and cheaper materials in their compositions.This also makes the price of the product more accessible to consumers, since, in periods of recession, the consumer's purchasing power decreases.

This reformulation process is very impactful on the pharmaceutical industry, since, in some cases, the change of materials in the composition of medications, forces the name of these medications to be changed, as the formulation is different.

More information:

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suppose that we are in butter market and the government implements an excise tax on butter. the price elasticity of demand for butter equals 2 and the price elasticity of supply for butter equals 2. what is the portion of the tax that consumers will be burdened with? is this realistic given the market we are in?

Answers

Answer:

Portion of tax burden shared by buyers (consumers) & sellers will be equal, ie half half each.

Explanation:

When an indirect tax, whose burden & incidence are on different people, (like excise tax) is levied : Its burden is borne more by buyers if demand is relatively more inelastic (or less elastic), & more by sellers if supply is relatively less inelastic (or less elastic).

Given, price elasticity of demand & supply both = 2 respectively. So, excise tax burden is shared by both buyer & sellers equally, as both demand & supply are equally price elastic.

Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized below Job Number:1478 Date Started: 4/07/20x8 Date Completed: 4/22/20x8 Description: Cherry kitchen cabinets Applied Manufacturing Overhead Hours Direct Materials Direct Labor Req No Ticket 128 Amount Hours Amount Rate Amount $375 235 385 18 414 130 588 391 25 395 140 133 9 243 401 215 52 Total 965 Total $1,244 Cost Summary Direct Material Cost 965 Direct Labor Cost 1,244 Applied Manufacturing Overhead Total Cost Green Cabinets applies overhead to jobs at a rate of $12 per direct labor hour.
(a) How much overhead would be applied to Job Number 1478 Applied Manufacturing Overhead
(b) What is the total cost of Job Number 1478?

Answers

Answer:

B

Explanation:

Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized below Job Number:1478 Date Started: 4/07/20x8 Date Completed: 4/22/20x8 Description: Cherry kitchen cabinets Applied Manufacturing Overhead Hours Direct Materials Direct Labor Req No Ticket 128 Amount Hours Amount Rate Amount $375 235 385 18 414 130 588 391 25 395 140 133 9 243 401 215 52 Total 965 Total $1,244 Cost Summary Direct Material Cost 965 Direct Labor Cost 1,244 Applied Manufacturing Overhead Total Cost Green Cabinets applies overhead to jobs at a rate of $12 per direct labor hour.

Price Shares (millions) 1/1/16 1/1/17 1/1/18 Douglas McDonnell355 $86 $91 $103 Dynamics General455 55 52 66 International Rockwell270 84 73 87 a. Calculate the initial value of the index if a price-weighting scheme is used.

Answers

Answer:

The full question is "The following three defense stocks are to be combined into a stock index in January 2013 (perhaps a portfolio manager believes these stocks are an appropriate benchmark for his or her performance): Price Shares (millions) 1/1/13 1/1/14 1/1/15 Douglas McDonnell 355 $ 86 $ 91 $ 103 Dynamics General 455 55 52 66 International Rockwell 270 84 73 87 a. Calculate the initial value of the index if a price-weighting scheme is used. (Index value) b. What is the rate of return on this index for the year ending December 31, 2013? For the year ending December 31, 2014?"

a. Initial value for Index = Sum of prices / Number of stocks

Initial value for Index = ($86+$55+$84)/3

Initial value for Index = $225/3

Initial value for Index = $75

b. For the year ending December 31, 2013

Index value at the end of 2013 = ($91+$52+$73)/3

Index value at the end of 2013 = $216/3

Index value at the end of 2013 = 72

Rate of Return = (Ending price - Beginning price) / Beginning price

Rate of Return = (72-75)/75

Rate of Return = -3/75

Rate of Return = -0.04

Rate of Return = -4%

For the year ending December 31, 2014

Index value at the end of 2014 = ($103+$66+$87)/3

Index value at the end of 2014 = $256/3

Index value at the end of 2014 = $85.33

Rate of Return = (Ending price - Beginning price) / Beginning price

Rate of Return = (85.33-72)/72

Rate of Return = 13.33/72

Rate of Return = 0.1851

Rate of Return = 18.51%

The readings suggest there are certain strategies for pricing new products, which is decidedly more difficult than adjusting prices to existing products. The new product pricing approaches are:SkimmingPenetrationEveryday low pricesThe pricing approaches discussed for existing products are:Cost plusMarkupMarkdownOdd-even pricingPrestige pricingPrice liningDemand backward pricingLeader pricingSealed bid pricingGoing-rate pricingPrice bundlingCaptive pricingProduct mix pricingTwo-part pricingPromotional pricingThere is no shortage of pricing approaches, and as customers, we are exposed to all of them at some time or another in our purchasing processes.Choose one of the pricing approaches and discuss the product, the pricing approach, and why you think it is the most appropriate approach for that particular product given your consumer characteristics. Be sure you understand the definition of your approach before tackling this topic.Many of you will be tempted to use promotional pricing since it is the easiest to demonstrate. So promotional pricing is not "for sale" (pun intended). Pick one of the other approaches for this topic.

Answers

Explanation:

Penetration Pricing:

It is the marketing approach that consists of a strategy to insert a new product in the market offering lower prices.

This strategy would help a new company, for example, to enter the market and already achieve good demand for its products and services, in addition to this strategy being a barrier of entry for new competitors.

Penetration pricing is the most appropriate marketing strategy for companies that need to reach a market place and reach a large number of people, which is achieved when offering a product with quality and benefits that can create consumer needs for customers, which makes it possible for the company to fulfill its objective and then be able to establish itself in the market and then increase prices so that the demand for the products is maintained.

This strategy is generally used by retailers and organizations that offer products offered in bulk, such as food, cosmetics, automobiles, etc.

which practice would you recommend that an inventory manager use for successful inventory planning?

Answers

B, related the most to the question

Answer:

C

Explanation:

Plato/Edmentum

MullerB Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately, meaning an employee is entitled to the pay even if employment terminates. During 2018, total wages paid to employees equaled $909,000, including $9,000 for vacations actually taken in 2018, but not including vacations related to 2018 that will be taken in 2019. All vacations earned before 2018 were taken before January 1, 2018. No accrual entries have been made for the vacations.

Required:
Prepare the appropriate adjusting entry for vacations earned but not taken in 2018.

Answers

Answer and Explanation:

The journal entry is shown below:-

Vacation benefits expense Dr, $13,500

       To Vacation benefits payable $13,500

(Being vacation benefits expense is recorded)

Vacation benefits payable = Actual vacation benefit - Vacation actually taken in 2018 but not includes vacation related to 2018

= (($909,000 - $9,000) × (1 ÷ 40)) - $9,000

= ($900,000 × 0.025) - $9,000

= $13,500

Humana Hospital Corporation installed a new MRI machine at a cost of $780,000 this year in its medical professional clinic in Cedar Park. This state-of-the-art system is expected to be used for 5 years and then sold for $100,000. Humana uses a return requirement of 24% per year for all of its medical diagnostic equipment. As a bioengineering student currently serving a Co-op semester on the management staff of Humana Corporation in Louisville, Kentucky, you are asked to determine the minimum revenue required each year to realize the expected recovery and return.

a. What is your answer?
b. If the AOC is expected to be $80,000 per year, what is the total revenue required to provide for recovery of capital, the 25% return, and the annual expenses?
c. Write the spreadsheet functions to display your answers.

Answers

Answer:

A)  $277824

B) $357824

C) 80000 - PMT(25%,5,780000,0)  + PMT ( 25%,5,0, - 100000 )

Explanation:

MRI machine cost = $780000

Salvage value of the MRI machine = $100000

Return requirement = 25% per year

A) Determine the the minimum revenue required each year to realize the expected recovery and return

Principal cost ( p )= $780000

salvage value ( S ) = $100000

i = 25%

n = 5 years

Minimum revenue per year

CR = - 780000 ( A / P , 25%,5 ) + 100000( A/P , 24%,5)

     = - 780000 ( 0.3718 ) + 100000 ( 0.1218 )

     = - 290004 + 12180 = -$277824

which means the minimum revenue required each year = $277824

B) If AOC = $80000

The total revenue required = $80000 + $277824

                                             = $357824

C) spreadsheet functions to display answers

80000 - PMT(25%,5,780000,0)  + PMT ( 25%,5,0, - 100000 )

The balance sheet for Appalachian Corporation at the end of the current year includes the following:

Bonds payable, 6% $5,000,000 6%
Preferred stock, $100 par 1,000,000
Common stock, $10 par 2,000,000
Net income was $565,000 and income tax expense for the current year amounted to $285,000.
Cash dividends paid on common stock were $200,000, and the common stock was selling for $28 per share at the end of the year.

There were no ownership changes during the year. Determine each of the following:
a. Number of times bond interest charges are earned;
b. Number of times preferred dividends are earned;
c. Earnings per share on common stock;
d. Price-earnings ratio;
e. Dividends per share of common stock; and
f. Dividend yield.

Answers

b. number of times preferred dividends are earned

According to the question, the answer should be the Number of times preferred dividends are earned. Therefore option B is correct.

What is a dividend?

A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments.

The dividend yield, which is the dividend per share, is expressed as a percentage of the share price of a company, for example, 2.5%. If a common shareholder of a dividend-paying company owns the stock on the ex-dividend date or earlier, they are eligible to receive a distribution.

By using their voting powers, shareholders must approve dividends. Despite the fact that stock dividends are less prevalent than cash dividends, they are still a possibility. Different exchange-traded funds (ETFs) and mutual funds also provide dividends.

To learn more about dividends follow the link.

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An injunction is a court order for a party to a contract to

Answers

Answer:

do something agreed to under an original contract.

Explanation:

An injunction is an order compelling one party to a contract to fulfill their obligations as agreed in the original contract. Therefore, an injunction is a remedy available to any party engaged in the contract should there a breach of the contract.

All valid contracts are enforceable by law. An aggrieved party has the right to go to court and seek orders to compel the other party to fulfill their duty as per the contact. The orders given are the court injunctions.  

5.85 percent coupon bond with 10 years left to maturity is priced to offer a yield to maturity of 6.7 percent. You believe that in one year, the yield to maturity will be 6.0 percent. What is the change in price the bond will experience in dollars

Answers

Answer:

$50.92

Explanation:

                 10 years                    9 years

Nper =   10*2 = 20                      9*2 = 18

Rate = 6.7%/2 = 0.0335             6%/2 = 0.03

PMT = 1000*5.85%/2 = 29.25   1000*5.85%/2 = 29.25

FV =        1000                               1000

PV (Price) = -PV(RATE, NPER, PMT, FV)

Price (10 years) = $938.77

Price (9 years) = $989.68

If interest rate decrease%. Change in price of bond = $989.68 - $938.77 = $50.92

basic level profession​

Answers

Answer:

The basic level profession

Communication skills business communicator is a key point for every type of job. The ability to communicate effectively is very important for business relationships.Decision- Making skills one of the hardest things in our life is to make decisions. but it is also is one of the most important abilities that has a crucial role for us.Leadership skills are among the top qualities and competencies in the professional skills list.Organizational skills you need in the workplace can include general planning, coordinating resources, and meeting deadlines.Time Management skills are an important part of organizational skills.Flexibility is among the top abilities in the professional skills list.Stress Management skills is a good professional never allows stress to reflect his/ her job and tasks

One of the Justices on the Supreme Court, stated that in this decision, the Supreme Court gave up power to gain power. What do you think this means?

Answers

Answer:

the judicial power shall be vested in one suprene court and in such lower courts as may be established by law.

HELP ME ASAP!!
_______ is the design of buildings and creation of building plans, or
blueprints.
O Construction
O Marketing
O Architecture
O Drafting

Answers

Answer:

Architecture

:):)

Explanation:

hope I help!!:)

Im learning same thing and just completed that, I know its Architecture!!!!

On June 30, 20X1, a tornado damaged Jensen Corporation’s warehouse and factory, completely destroying the work-in-process inventory. Neither the raw materials nor finished goods inventories were damaged. A physical inventory taken after the tornado revealed the following valuations:
Raw materials $87,000
Work-in-process 0
Finished goods 151,000
$238,000
The inventory of January 1, 20X1, consisted of the following:
Raw materials $41,000
Work-in-process 128,000
Finished goods 173,000
$342,000
A review of the books and records disclosed that the gross profit margin historically approximated 28% of sales. The sales total for the first six months of 20X1 was $405,000. Raw material purchases totaled $150,000. Direct labor costs for this period were $112,000, and manufacturing overhead has historically been applied at 50% of direct labor.
Required:
Compute the value of the work-in-process inventory lost at June 30, 20X1.

Answers

Answer:

$130,400

Explanation:

Raw material transferred to WIP = Beginning balance + Purchase - Closing balance = $41,000 + $150,000 - $87,000 = $104,000

Cost of Goods manufactured = Closing balance + Cost of goods sold - Beginning balance

Cost of Goods manufactured = $151,000 + $405,000*70% - $173,000 = $151,000 + $291,600 - $173,000

Cost of Goods manufactured = $269,000

Ending Work in Process = Beginning balance + Direct material + Direct labor - Manufacturing overheads - Cost of goods manufactured

Ending Work in Process = $128,000 + $104,000 + $112,000 + $112,000*50% - $269,600

Ending Work in Process = $128,000 + $104,000 + $112,000 + $56,000 - $269,600

Ending balance of Work in Process = $130,400

True Nutri Inc. sells performance enhancing foods and beverages for athletes and health-conscious people. In a recent product development meeting, Mike suggested that True Nutri Inc. should acquire a new technology developed by One Health Corp. for infusing vitamin and mineral blends into food. He believed it would be easier to acquire the technology directly from One Health Corp. Justin felt that the method of infusing blends into food should be developed within True Nutri Inc. itself. He knows it may take longer but feels that the competitive advantage it would provide was worth the wait. Lara suggested that True Nutri Inc. should use its resources and work jointly with One Health Corp. to develop an entirely new product.

Based on the scenario, which method of acquiring technology does Justin favor?

a. internal development
b. licensing
c. contracted development
d. franchising
e. research partnership

Answers

Answer: a. internal development

Explanation:

Internal development is a method of growth and development that is done by using the resources of the company instead of relying on takeovers or acquisitions.

Justin wants True Nutri Inc to develop the tech itself without acquiring it from One Health Corp so he has an Internal Development mindset. Benefits of Internal Development include the development of a competitive advantage and increased efficiency which Justin hopes can benefit the company.

MHM Bank currently has $700 million in transaction deposits on its balance sheet. The current reserve requirement is 8 percent, but the Federal Reserve is increasing this requirement to 10 percent.
a. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts all excess reserves to loans, but borrowers return only 70 percent of these funds to MHM Bank as transaction deposits. (Enter your answers in millions. Do not round intermediate calculations. Round your "Panel B" answers to 3 decimal places. (e.g., 32.161))
Panel A: Initial balance sheets
Federal Reserve Bank
Assets Liabilities
(Click to select)LoansReserve deposits at FedReserve accountsSecuritiesTransaction deposits $ million (Click to select)SecuritiesLoansReserve accountsTransaction depositsReserve deposits at Fed $ million
MHM Bank
Assets Liabilities
(Click to select)SecuritiesReserve accountsTransaction depositsReserve deposits at FedLoans $ million (Click to select)SecuritiesTransaction depositsReserve accountsReserve deposits at FedLoans $ million
(Click to select)Transaction depositsSecuritiesReserve accountsLoansReserve deposits at Fed $ million Panel B: Balance sheet after all changes
Federal Reserve Bank
Assets Liabilities
(Click to select)LoansReserve accountsReserve deposits at FedTransaction depositsSecurities $ million (Click to select)Reserve deposits at FedSecuritiesReserve accountsLoansTransaction deposits $ million
MHM Bank
Assets Liabilities
(Click to select)Reserve deposits at FedSecuritiesReserve accountsTransaction depositsLoans $ million (Click to select)Reserve accountsLoansReserve deposits at FedSecuritiesTransaction deposits $ million
(Click to select)LoansSecuritiesTransaction depositsReserve accountsReserve deposits at Fed $ million b. Show the balance sheet of the Federal Reserve and MHM Bank if MHM Bank converts 70 percent of its excess reserves to loans and borrowers return 90 percent of these funds to MHM Bank as transaction deposits. (Enter your answers in millions. Do not round intermediate calculations. Round your "Panel B" answers to 3 decimal places. (e.g., 32.161))
Panel A: Initial balance sheets
Federal Reserve Bank
Assets Liabilities
(Click to select)Reserve deposits at FedSecuritiesReserve accountsLoansTransaction deposits $ million (Click to select)Transaction depositsReserve deposits at FedSecuritiesReserve accountsLoans $ million
MHM Bank
Assets Liabilities
(Click to select)Transaction depositsReserve accountsLoansReserve deposits at FedSecurities $ million (Click to select)LoansReserve accountsSecuritiesReserve deposits at FedTransaction deposits $ million
(Click to select)SecuritiesTransaction depositsLoansReserve deposits at FedReserve accounts $ million
Panel B: Balance sheet after all changes
Federal Reserve Bank
Assets Liabilities
(Click to select)SecuritiesTransaction depositsReserve accountsLoansReserve deposits at Fed $ million (Click to select)Transaction depositsLoansSecuritiesReserve accountsReserve deposits at Fed $ million
MHM Bank
Assets Liabilities
(Click to select)SecuritiesReserve deposits at FedLoansTransaction depositsReserve accounts $ million (Click to select)SecuritiesReserve accountsReserve deposits at FedLoansTransaction deposits $ million
(Click to select)Transaction depositsReserve accountsReserve deposits at FedLoansSecurities $ million

Answers

Question attached

Answer and Explanation:

Please find attached

When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B

Answers

Answer: d.

Both A and B

Explanation: 100% EDGE

Answer:

d. both A and B

Explanation:

When given one variable value, the value of other variables can be easily estimated with a line and scale graph.

Linda Williams is the new owner of Linda’s Computer Services. At the end of July 2022, her first month of ownership, Linda is trying to prepare monthly financial statements. She has the following information for the month.
1. At July 31, Linda owed employees $1,950 in salaries that the company will pay in August.
2. On July 1, Linda borrowed $18,000 from a local bank on a 12-year note. The annual interest rate is 10%.
3. Service revenue unrecorded in July totaled $1,600.
Prepare the adjusting entries needed at July 31, 2022. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Answers

Answer and Explanation:

The Journal entries are shown below:-

1. Salaries expenses Dr, $1,950

          To Salary payable $1,950

(Being salaries expense is recorded)

2. Interest expense Dr, $150

          To Interest payable $150

(Being interest expense is recorded)

3. Accounts receivable Dr, $1,600

        To Service revenue $1,600

(Being sales revenue is recorded)

On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $464,149 over a four-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 8%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3.2 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)Required:1. Determine the present value of the lease payments at June 30, 2021 that Georgia-Atlantic uses to record the right-of-use asset and lease liability.2. What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 2021?3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2021?(For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.)

Answers

Answer:

A) = $3,249,995

B) pretax amount for for liability = $2,433,131

   Depreciation amount for right of use =  = $406,249

C) pretax amount for interest expense = $111,434

   pretax amount for amortization expense = $406,249

Explanation:

1) Determining the present value of the lease payments at June 30 2021

semi-annual payments = $464149 for 4 - year lease term

total payments = 2 * 4 = 8

Yearly incremental borrowing = 8%

semi-annual incremental borrowing = 8/2 = 4%

hence present value of the lease payments

= semi annual lease payments * cumulative PV factor of annuity for the period

=  $464149 * 7.00205 = $3,249,995

2) Determining The  pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31 2021

first we calculate the pretax amount of liability on 30.06.2021  

= present value of lease payments - semi annual lease payments

=  $3,249,995 - $464,149 = $2,785,846

next we calculate the Interest expense for 31.12.2021

= pretax amount * semi-annual incremental borrowing

= $2,785,846 * 4% = $111,434

Semiannual lease payment on 31.12.2021 = semiannual lease payment on  30.06.2021  which is = $464,149

Pre tax amount for liability for 31.12.2021

= pretax amount of liability + interest expense - semi annual lease payment

= $2,785,846 + $111,434 - $464,149 = $2,433,131

Depreciation on right to use assets for 2021

= present value of lease payments / 4 * ( 6/12 )

= ($3,249,995 / 4) * (6/12) = $406,249

Pre tax amount of right to use asset to be reported for 2021

= (present value of lease payments) - (depreciation on right to use assets)

= $3,249,995 - $406,249 = $2,843,746

3) Determine pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2021

Pre tax amount of interest expense Georgia Atlantic Inc. reports in its income statement will be

semi-annual lease payments * semi-annual incremental borrowing

= $2,785,846 * 4% = $111,434

Pre tax amount of amortization expenses Georgia Atlantic Inc. reports in its income statement will be

= (present value of lease payments / 4)  * (6/12)

= $3,249,995 / 4 * 6/12 = $406,249

Does anybody know if CPA is profitable. I have heard that it is an easy way to make a side income whilst at college. Even a full time income for some ?

Answers

Explanation:

not the best option in my opinion

If the economy is on the production possibilities frontier, which of the following might allow the economy to increase its capacity?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
Increase consumption and decrease government spending
b
Decrease exports
c
Decrease imports
d
Increase government spending

Answers

Answer:

The Correct Answer is A

Increase consumption and decrease government spending

Explanation:

In macroeconomics, the PPF is the tip at which a nation's economy is most efficiently manufacturing its multiple services and goods, therefore designating its sources in the best means possible.

In a market report, the production possibility frontier is a curve representing the different amounts of two commodities that can be created both depend on the same measurable resources.

A Missouri job shop has four departmentsmachining ​(M), dipping in a chemical bath​ (D), finishing​ (F), and plating ​(P)assigned to four work areas. The operations​ manager, Mary​ Marrs, has gathered the following data for the movement of material. The number of workpieces moved yearly between work areas​ are:

M D F P
M
D
F
P

It costs $1 to move 1 workpiece 1 foot in the job shop. For the layout design of the job​ shop, Mary has the current layout​ (Plan A) and two proposals​ (Plan B and Plan​ C).

Required:
a. LAYOUT PLAN A​: Distance between work areas​ (departments) in​ feet:

M D F P
M __ 21 13 19
D __ __ 7 11
F __ __ __ 4
P __ __ __ __

The yearly total material handling cost of the current layout presented in PLAN A​ = ​___________$ nothing ​(enter your response as a whole​ number).

Answers

Answer:

Plan A cost $26,000

Explanation:

(21 * 6) + (13 * 18) + (19 * 2) + (7*4) + (11 * 2) + (4 * 18)

126 + 234 + 38 + 28 + 22 + 72

52,000 * 0.50 = 26,000

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