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xxTIMURxx [149]

4 years ago

14

A ____________ organization is characterized by direct two-way lines of responsibility, authority, and communication running fro

m the top to the bottom of the organization, with all people reporting to only one supervisor.

1 answer:

Alex4 years ago

4 0

Answer:

Line is the correct answer.

Explanation:

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Cold Ice has a profit margin of 8.3 percent and a payout ratio of 42 percent. The firm has annual sales of $386,400, current lia

erastova [34]

Answer:

The internal growth rate is 4.36%

Explanation:

net income = 8.3%*386,400

= $32,071.20

net working capital = current assets – current liabilities

current assets – 37200 = 16700

= $53,900

total assets = current assets + net fixed assets

= 53,900 + 391,500

= 445,400

Then:

ROA = 53,900/445400

= 0.072005

b = 1 - 48% = 0.52

internal growth rate = 0.072005*0.52/1 - (0.072005*0.52)

= 0.041763/0.958237

= 4.36%

Therefore, The internal growth rate is 4.36%

7 0

4 years ago

Ford produces 100,000 cars this year and only sells 95,000. The 5,000 cars that are not sold _______ listed in ________ category

Gekata [30.6K]

Answer:

Are; investment

Explanation:

Ford produces 100,000 cars this year and only sells 95,000. The 5,000 cars that are not sold are listed in investment category of GDP

Gross Domestic Product(GDP) is the measures of the value of economic activity in a country during a period of time. It is the monetary value of all finished goods and services made within a country during a specific period.

GDP is a number that expresses the worth of the output of a country in local currency. It is a tool which guides policymakers, investors, and businesses in strategic decision making.

GDP can be calculated using the following method

1. Income method

2. Expenditure method

3. Production method

6 0

3 years ago

Because of a defect discovered in its seat belts in December Year 1, an automobile manufacturer believes it is probable that it

Anna [14]

Answer:

Contingent liabilities refer to those obligations which might arise in the near future based upon the happening or non happening of a certain event and it's outcome.

Such liabilities are recorded if there is likeliness of an event happening and when they can be reasonably quantified and estimated.

In the given case, the automobile manufacturer will probably be required to recall it's products. The amount can be estimated.

In such cases, such expense is to be recognized in the income statement and at the same time a liability for such expenses needs to be created in the balance sheet. Product recall refers to replacement of defective products by the manufacturer. It is similar to a warranty.

Reporting on Dec 31 would be as follows,

Warranty Expense A/C Dr. $2.5

To Warranty Liability $2.5

(being product recall liability for for 2.5 million created)

4 0

3 years ago

At the end of the current year, the accounts receivable account has a debit balance of $762,000 and sales for the year total $8,

Nadya [2.5K]

Answer:

a. Adjustment for bad debts expenses in scenario a - $ 32,900

b. Adjustment for bad debts expenses in scenario b - $ 22,700

c. Adjustment for bad debts expenses in scenario c - $ 72,700

d. Adjustment for bad debts expenses in scenario d - $ 73,500

Explanation:

Computation of bad debts adjustment under scenario a

Receivables balance $ 762,000

Sales <u>$ 8,640,000</u>

Estimated bad debts expenses 1/2 % of sales $ 43,200

Pre adjustment balance of allowance for uncollectible <u>$ ( 10,300)</u>

Adjustment to provide doubtful accounts $ 32,900

Computation of bad debts adjustment under scenario b

Estimated bad debts expenses based on ageing $ 33,000

Pre adjustment balance of allowance for uncollectible <u>$ ( 10,300)</u>

Adjustment to provide doubtful accounts $ 22,700

Computation of bad debts adjustment under scenario c

Receivables balance $ 762,000

Sales <u>$ 8,640,000</u>

Estimated bad debts expenses 3/4 % of sales $ 64,800

Pre adjustment balance of allowance for uncollectible DR. <u>$ 7,900</u>

Adjustment to provide doubtful accounts $ 72,700

The pre adjustment balance is a debit balance of $ 7,900, so it has to be added to the required allowance balance

Computation of bad debts adjustment under scenario d

Estimated bad debts expenses based on ageing $ 65,600

Pre adjustment balance of allowance for uncollectible DR <u>$ 7,900</u>

Adjustment to provide doubtful accounts $ 73,500

The pre adjustment balance is a debit balance of $ 7,900, so it has to be added to the required allowance balance

4 0

3 years ago

Tyson is a 25% partner in the KT Partnership. On January 1, KT distributes $16,000 cash, inventory with a $16,000 fair value (in

Marianna [84]

Answer:

D) $8,000 inventory, $0 land

Explanation:

Tyson's basis in the distributed inventory and land will be $8,000 inventory, $0 land

Because he initially first allocates his outside basis to the assets distributed which is in an amount that is equal to KT's basis which is ($20,000 cash and $8,000 land).

Therefore this results in a required decrease of $0 due to the basis he reduces in the land by the required decrease, which thereby results in a basis of $0 to the land.

4 0

3 years ago