Which of the following features of information systems can be used to help a business increase production and save time?

Lyon, a cash-basis taxpayer, died on January 15, Year 2. In Year 2, the estate executor made the required periodic distribution

tensa zangetsu [6.8K]

Lyon need a different job I think. Cause that what’s 20thousa d less then what my mothers in law makes?

7 0

3 years ago

Even though commercial airlines have excellent safety records, in the weeks following a crash, airlines often report a drop in

Verizon [17]

Answer:

A) There is no such thing as the "Law of Averages." The overall probability of an airplane crash does not change due to recent crashes.

Explanation:

This is the complete question below;

Even though commercial airlines have excellent safety records, in the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are afraid to risk flying. A travel agent suggests that since the Law of Averages makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time. What do you think?

Choose the correct answer below.

A. There is no such thing as the "Law of Averages." The overall probability of an airplane crash does not change due to recent crashes.

B. The "Law of Averages" states that outcomes must even out in the short run. This means that the overall probability of an airplane crash is higher due to recent crashes.

C. The "Law of Averages" states that outcomes must even out in the short run. This means that the overall probability of an airplane crash is lower due to recent crashes.

D. The "Law of Averages" does not apply to this situation. The overall probability of an airplane crash does not change due to recent crashes.

We are informed from the question that commercial airlines have excellent safety records, in the weeks following a crash, airlines often report a drop in the number of passengers, probably because people are afraid to risk flying. A travel agent suggests that since the Law of Averages makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time.

In this case, There is no such thing as the "Law of Averages." The overall probability of an airplane crash does not change due to recent crashes.

There was fact that the commercial airlines has excellent safety records in the past and there is a crash after the following week, all these doesn't have any connection with people flying soon after a crash because they think is the safest time.

5 0

3 years ago

Windy Day Flags is a growing company that produces decorative flags and other whimsical garden accessories. Charla, owner and CE

horsena [70]

Answer:

B) grafting

Explanation:

This is a very common expansion strategy mostly used by high tech firms that purchase startups basically for their patents (innovations) and their workers' talent.

But it can also be used by any company that decides to acquire a smaller supplier or vendor in order to lower costs or increase efficiency.

5 0

3 years ago

On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On J

Nataly [62]

1. When is Ensor’s stock option measurement date?

Answer: The stock option measurement date is on January 1st, 2021

Explanation:

- The measurement date of the stock option is the day it is granted with information about:

+) number of share each individual staff receives

+) the price of the option

It was indicated in the question: "On January 1, 2021, 26 million stock options were granted"

=> The measurement date is January 1, 2021 with the amount of 26 millions stock options were granted.

2. Determine the compensation expense for the stock option plan in 2021. (Ignore taxes.)

Answer: Compensation expense is $52 million

Explanation:

The fair value per stock option is 6$ per option.

=> Total compensation expense for 26 million options would be: 6 x 26 million = $156 million

As the options are exercisable between 01/01/2024 and 31/12/2016

=> The vesting period is 3 years from 01/01/2021 to 31/12/2023

=> The compensation expense for the stock option plan in 2021 is calculated as following:

Compensation expense year 2021 = Total compensation expense/ Vesting period = 156 million / 3 = $52 million

3. Prepare the journal entries to reflect the effect of forfeiture of the stock options on Ensor’s financial statements for 2022 and 2023.

Answer & Explanation:

2.6 million (10%) of the options were forfeited

=> The remaining percentage represent the unforfeited = 100% - 10% = 90%

In 2022

As 2022 is the second year of the vesting period:

The compensation expense of 2022 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021

= $156 million × 90% × 2/3 - $52 million = $41.6 million

2022 Debit Credit

Compensation expense 41.6 million

Paid-in-capital-stock options 41.6 million

In 2023

As 2023 is the third year of the vesting period:

The compensation expense of 2023 = (Total compensation expense * 90% * The order of period/ Number of period) - Compensation expense Year 2021 - Compensation expense of 2022

= $156 million × 90% × 3/3 - $52 million - $41.6 million = $46.8 million

2023 Debit Credit

Compensation expense 46.8 million

Paid-in-capital-stock options 46.8 million

5. Prepare the journal entry to account for the exercise of the options in 2025.

Answer & explanation:

The number of shares exercised = 26 million - 2.6 million = 23.4 million

It is given that the stock options are exercisable between January 1, 2024, and December 31, 2026 at 80% of the quoted market price on January 1, 2021, which was $20.

The exercise price of the stock = $20 × 80% = $16

Cash = Amount paid for shares = Exercise price × Number of options exercise = 16 × 23.4 million = 374.4 million

The paid-in-capital Stock option = 23.4 million x 6 = 140.4 million

Common stock (23.4 million at $1 par per share) = 23.4 million

=> Pain in capital - excess of par = 491.4 million

Journal entry:

General Journal Debit Credit

Cash 374.4 million

Paid-in-capital - Stock option 140.4 million

Common stock 23.4 million

Paid in capital - excess of par 491.4 million

5 0

3 years ago

Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in p

Yanka [14]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

1. Predetermined Overhead Rate for a Year

= Estimated Manufacturing Overhead ÷ Estimated Allocation Base Of Direct Material × 100

= $133,500 ÷ $89,000 × 100

= 150%

2. We have a need the value of overhead applied and overhead incurred, to calculate the value of over applied and under applied overhead.

Overhead Applied = (Purchase Of Direct Material + Opening Value of Direct Material - Closing Value of Direct Material) × Predetermined Overhead Rate

= ($139,000 + $27,000 - $13,000) × 150 ÷ 100

= $153,000 × 150 ÷ 100

= $229,500

Overhead Incurred

= Indirect Labor + Property Taxes + Depreciation of Equipment + Maintenance + Insurance + Rent&Building

= 127,800 + 8,880 + 18,000 + 12,000 + 11,300 + 40,000

= $217,980

Over Applied Overhead = Overhead Applied - Overhead Incurred

= $229,500 - $217,980

= $11,520

Overhead applied is more than overhead incurred, so this situation is called over applied overhead.

3. Cost of Goods Manufactured for the Year

Particular Amount ($)

Opening stock of raw material 27,000

Add-purchases of raw material 139,000

Less-closing stock of raw material 13,000

Add-Direct labor 85,000

Add-Manufacturing overhead applied to WIP 229,500

Add-Opening Work in Progress 46,000

Less-closing Work in Progress 36,000

Goods manufacturing cost 477,500

4. Unadjusted Cost of Goods Sold

Particular Amount ($)

Goods manufacturing cost 477,500

Add-finished goods opening stock 71,000

Less-finished goods closing stock 56,000

Cost of goods sold 492,500

3 0

3 years ago