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Alex_Xolod [135]
3 years ago
8

The sentence, "our company experienced an increase in profits during the last fiscal year," uses precise vigorous wording.

Business
1 answer:
ZanzabumX [31]3 years ago
8 0

Answer:

The statement is: False.

Explanation:

Vigorous wording refers to the act of making information appear more than what it really is, in some cases exaggerating the attention in one point or another. The phrase:

"<em>our company experienced an increase in profits during the last fiscal year</em>";

provides direct, objective information about an event that happened. There are not adjectives that might distort the main message that is intended to be provided.

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Look in a recent issue of The Wall Street Journal at "NYSE-Composite Transactions."a. What is the latest price of IBM stock? b.
nydimaria [60]

Answer:

A) $191.08

B)  The annual dividend = $0.85 per share

     dividend yield = 1.78%

C) 3.14%

D) 13.74

E) $13.91

F) IBM's P/E  at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

Explanation:

Referring the the recent issue of the wall street Journal at NYSE-Composite Transactions

A) The Latest price of IBM stock = $191.08

B)  What are the annual dividend payment and the dividend yield on IBM stock

The annual dividend = $0.85 per share

dividend yield = 1.78%

C) calculate what the yield will become if yearly dividend is moved up to $1.50

first we find the price per share

price per share = annual dividend per share / current dividend yield

                         = 0.85 / 1.78%  = 0.85 / 0.0178 = $47.75

since we now have the price per share value we can now calculate the dividend yield

dividend yield = annual dividend / price per share

                       = $1.50 / $47.75 =  0.0314

                       = 3.14 %

D) Calculate the P/E on IBM stock

 = 13.74 times as it was traded for the last 12 months

E) calculate IBM's earnings per share using P/E

 earnings per share = Price / P/E

 Latest  price of IBM stock = $191.08

  P/E = 13.74

 earnings per share =  191.08 / 13.74  = $13.91

F) IBM's P/E  at 13.74 is higher than Exxon Mobil P/E at 11.29

G) The possible reasons for the difference in P/E is due to the difference in EPS earned by each company and also the difference in stock price of each company's stock

7 0
3 years ago
Uppose a price floor on sparkling wine is proposed by the Health Minister of the country ofVinyardia. What will be the likely ef
Gekata [30.6K]

Answer:

C) Quantity demanded will decrease, quantity supplied will increase, and a surplus will result

Explanation:

Price floor is the least amount a good or service can be sold. A price floor is usually set above equilibrium price.

When a price floor is enacted, it usually discourages demand because prices are usually set higher and encourages supply.

As a result, quantity demanded will decrease, quantity supplied will increase, and a surplus will result.

I hope my answer helps you.

6 0
3 years ago
Dillon Products manufactures various machined parts to customer specifications. The company uses a job-order costing system and
love history [14]

Answer:

Dillon Products

1. Journal entries for (a) through (f)

a) Debit Raw Materials Account $325,000

   Credit Accounts Payable $325,000

To record the purchase of raw materials on account.

b) Debit Work in Process $232,000

   Debit Manufacturing overhead $58,000

   Credit Raw materials account $290,000

To record the transfer of raw materials to WIP and Overhead.

c) Debit Work in Process $60,000

   Debit Manufacturing overhead $120,000

   Credit Wages & Salaries $180,000

To record the transfer of labor cost to WIP and Overhead.

d) Debit Manufacturing overhead $75,000

   Credit Depreciation Expense- Equipment $75,000

To record the transfer of depreciation expense to Overhead.

e. Debit Manufacturing Overhead $62,000

   Credit Expenses Payable $62,000

To record other overhead incurred on account.

f. Debit Work In Process $300,000

   Credit Manufacturing Overhead $300,000

To record the overhead applied on the basis of 15,000 machine hours at $20 per machine hour.

2. T-accounts:

Manufacturing overhead

Account Title                   Debit        Credit

Raw materials             $58,000

Wages & Salaries        120,000

Depreciation- Equip.     75,000

Expense Payable          62,000

Work in Process                             $300,000

Finished Goods                                   15,000

Work in Process Account

Account Title                     Debit        Credit

Raw materials account  $232,000

Wages & Salaries               60,000

Manufacturing overhead 300,000

Finished Goods                               $592,000

Finished Goods

Account Title                     Debit        Credit

Work in Process           $592,000

Manufacturing overhead  15,000

3. Journal Entry for item (g):

Debit Finished Goods $607,000

Credit Work in Process $592,000

Credit Manufacturing overhead $15,000

To record the cost of manufactured parts, including the under-applied overhead.

4. Cost of goods sold = 10,000 *$607,000/16,000 = $379,375

(While Ending Inventory = 6,000 *$607,000/16,000 = $227,625.)

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead = $4,800,000

Estimated machine hours = 240,000

Overhead rate = $4,800,000/240,000 = $20 per machine hour

Actual cost data for January:

Number of machine parts = 16,000

Raw materials purchased on account = $325,000

Raw materials cost:

 Direct materials = $232,000 (80% of $290,000)

 Indirect materials = $58,000 (20% of $290,000)

Labor cost

 Direct labor = $60,000 ($180,000 * 1/3)

 Indirect labor = $120,000 ($180,000 * 2/3)

Manufacturing overhead:

 Depreciation = $75,000

 Others = $62,000

 Indirect materials = $58,000

 Indirect labor = $120,000

Total actual overhead incurred = $315,000

Machine hours actually worked = 15,000

b) Other Accounts

1. Expenses Payable

Account Title                   Debit        Credit

Manufacturing overhead               62,000

2. Depreciation Expense - Equipment

Account Title                   Debit        Credit

Manufacturing overhead              $75,000

3. Raw Materials Account

Account Title                   Debit        Credit

Accounts Payable      $325,000

Work in Process                             $232,000

Manufacturing overhead                   58,000

4. Accounts Payable

Account Title                   Debit        Credit

Raw Materials                                $325,000

c) The manufacturing overhead applied is $300,000 (15,000 machines hours actually used multiplied by $20 overhead rate), while the actual overhead costs incurred total $315,000.  So there is an under-applied overhead of $15,000 which is charged to Finished Goods in order to obtain the correct cost of 16,000 custom-made machined parts.

7 0
3 years ago
Tristan transfers property with a tax basis of $1,255 and a fair market value of $1,570 to a corporation in exchange for stock w
AlladinOne [14]

Answer: $1531

Explanation:

The corporation's tax basis in the property received in the exchange will be the addition of Tristan's Tax basis and the gain that's recognized on exchange by Tristan.

The gain realized will be:

= $1,570 - $1,255

= $315

Boot received = $276

Therefore, lower of $315 or $276 is $276.

The corporation's tax basis in the property received will then be:

= $1255 + $276

= $1531

4 0
2 years ago
Microeconomics question, please help...70 pts!
Blababa [14]

price : 5 quantity 3

price 10 quantity 6

and so on

6 0
3 years ago
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