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4 years ago

Will give brainliest

1 answer:

Alex4 years ago

8 0

A. Supervise staff members to monitor their progress.

The fraud examiner would have to check on staff to see their routine and check if statistical reports match up with claims. the examiner would also have to check is the company's reputation is bad. this might shed some light.

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Brian lives in Denver and runs a business that sells pianos. In an average year, he receives $704,000 from selling pianos. Of th

Yakvenalex [24]

Answer:

Explicit cost :

The wholesale cost for the pianos that Brian pays the manufacturer

The wages and utility bills that Brian pays

Implicit cost:

The salary Brian could earn if he worked as an accountant

The rental income Brian could receive if he chose to rent out his showroom

Accounting profit = $14,000

Economic profit = $-9,000

He should stop selling painos. He should work as an accountant

Explanation:

Explicit cost is total actual cost incurred in running a business.

Implicit cost is the opportunity cost of running the piano business. It is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Accounting profit = Total revenue - Total explicit cost

Total revenue = $704,000

Total explicit cost = $404,000 + $286,000 = $690,000

Accounting profit = $704,000 - $690,000 = $14,000

Economic profit is accounting profit less implicit cost or opportunity cost.

Economic profit = Accounting profit - Opportunity cost

Opportunity cost = $20,000 + $3,000 = $23,000

Economic profit = $14,000 - $23,000 = $-9,000

He should work as an accountant instead since his economic profit is negative. He would earn more working as an accountant than selling pianos

I hope my answer helps you.

8 0

4 years ago

Sanderson Sofas, a family-owned corporation, issued 6.75% bonds with a face amount of $12 million, together with 2 million share

goldfiish [28.3K]

Answer:

$11 million

Explanation:

The computation of the paid-in capital - excess of par is shown below:

= Combined cash amount - sale value of the bond - share value amount

= $22 million - $9 million - $2 million

= $11 million

The share value amount is computed below:

= 2 million shares × $1

= $2 million

This $11 million would record in the paid-in capital - excess of par.

Since we have to determine this amount so we deducted the sale value and the share value amount from the combined cash amount so that accurate value can come.

7 0

4 years ago

The correct order to present current assets is ___________.

Rama09 [41]

Answer:

B. Cash, accounts receivable, inventories, prepaid items.

Explanation:

In the balance sheet, assets are presented in an orderly manner guided by the amount of time they take to convert into cash. Assets requiring the shortest time to convert into cash will appear first. Cash will always be on top as it does not require conversion.

Goodwill comes last as the business will have to be sold for it to turn into cash.

In the list provided, cash will appear first.
Accounts receivable is money a business expects to receive from customers for goods or services provided. In practice, the money should be received within 60 days
Inventories in assets refer to finished goods in the store. They are awaiting sales. Inventories will take longer as stocks have to be sold and become account receivable before converting to cash.
Prepaid items are expenses paid before their due date. They appear in the balance sheet as cash assets because they have not been consumed. The expectation is that they will be utilized within the current year. Converting into cash them will require getting a refund from the recipient of the funds, which could be a lengthy process.

8 0

3 years ago

Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Poss

andrew-mc [135]

Answer:

Investing Activities refer to cashflow activities that have to do with Fixed assets as well as the ownership of the securities of other companies.

Financing Activities refer to cashflow activities that have to do with how the company sources funds for the company so this includes Equity related activities and long term liabilities.

1. Sale of land. +I

2. Issuance of common stock for cash. +F

3. Purchase of treasury stock. -F

4. Conversion of bonds payable to common stock. N

5. Lease of equipment. N

6. Sale of patent. +I

7. Acquisition of building for cash. -I

8. Issuance of common stock for land. N

9. Collection of note receivable (principal amount). +I

10. Issuance of bonds. +F

11. Issuance of stock dividend. X

12. Payment of property dividend. X

13. Payment of cash dividends. -F

14. Issuance of short-term note payable for cash. +F

15. Issuance of long-term note payable for cash. +F

16. Purchase of marketable securities ("available for sale"). -I

17. Payment of note payable. -F

18. Cash payment for five-year insurance policy. X

19. Sale of equipment. +I

20. Issuance of note payable for equipment. N

21. Acquisition of common stock of another corporation. -I

22. Repayment of long-term debt by issuing common stock. N

23. Payment of semiannual interest on bonds payable. X

24. Retirement of preferred stock. -F

25. Loan to another firm. -I

26. Sale of inventory to customers. X

27. Purchase of marketable securities (cash equivalents). X

6 0

3 years ago

Company X issues variable-rate debt but wishes to fix its interest rates because it believes the variable rate may increase. Com

Gala2k [10]

Answer: c) a swap

Explanation:

A Swap is a type of Derivative that involves two parties exchanging the cash-flows or even liabilities that they are getting from their different instruments.

Traditionally, Swaps are usually for cash-flows based on debt instruments like bonds, but as a derivative, the underlying instrument can be anything in the financial market.

Company X and Y exchanging cash-flows is a Swap.

3 0

3 years ago