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OleMash [197]
3 years ago
11

Creon Corp. is constructing an asset for its own use during the second quarter of a calendar year. The following qualifying expe

nditures related to the asset were made during the year: $60,000 on April 1, $90,000 on June 1, and $100,000 uniformly during the period. The average amount of accumulated expenditures for this quarterly accounting period was
(A) $250,000
(B) $190,000
(C) $140,000
(D) $130,000
Business
1 answer:
nlexa [21]3 years ago
4 0

Answer: Option C

Explanation: The accumulated expenditure for the second quarter could be calculated by considering the expenditure as per the basis of time perios:-

For april = $60,000 * (3/3) = $60,000

For june = $90,000 * (1/3) = $30,000

For rest =  $100,000 * (1.5/3) = $50,000

Hence the total accumlated depreciation is $140,000.

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Carolyn, a designer at logisign, was not given the promotion she was expecting during the annual performance appraisal. she took
noname [10]
In this scenario in which Carolyn got into an argument with her supervisor because she was not given the promotion she was expecting during the annual performance appraisal this scenario, the disagreements between Carolyn and her supervisor can best be classified as A type conflict. Correct answer:B
<span>A-type conflict is type of conflict that focuses on individual- or personally-oriented issues.</span>
7 0
4 years ago
As a manager, Corbin must inform his staff that all employees must now contribute more to their health insurance premiums. What
Mrrafil [7]

Answer:

b. Be honest and provide the important reasons for the increase in individual contributions.

Explanation:

if the workers are knowing why they need to work more than they will ac tually do efforts to do the best. they wont ask question everytime manager comes in front of the workers.

Therefore, Corbin should be honest and provide the important reasons for the increase in individual contributions.

3 0
3 years ago
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
anyanavicka [17]

Answer:

WACC is 9.26%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common share x Weightage of common share ) + ( Cost of Preferred share x Weightage of Preferred share ) + ( Cost of debt x Weightage of debt )

Cost of debt is already given as after tax cost of debt.

WACC = ( 12.75% x 45% ) + ( 7.5% x 15% ) + ( 6% x 40% )

WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

4 0
3 years ago
Freeman​ Motors, a motorcycle​ manufacturer, had the following contingencies. Determine the appropriate accounting treatment for
mrs_skeptik [129]

Answer:

a. Freeman estimates that it is reasonably possible but not likely that it will lose a current lawsuit.​ Freeman's attorneys estimate the potential loss will be​ $4,500,000.

  • Describe the situation in a note to the financial statements.

Since the event is possible but not likely, it should be disclosed in the footnotes of the financial statements.

b. Freeman received notice that it was being sued. Freeman considers this lawsuit to be frivolous.

  • Do not disclose.

Since this is a frivolous lawsuit, there is no need to disclose it.

c. Freeman is currently the defendant in a lawsuit. Freeman believes it is likely that it will lose the lawsuit and estimates the damages to be paid will be​ $75,000.

  • Record an expense and a liability based on estimated amounts.

Since the negative outcome is probable and you were able to quantify your losses, you must record the expense for $75,000 and include the amount as a current liability.

6 0
4 years ago
Assume initially that the price of X (the quantity of which is measured on the horizontal axis) is $9 and the price of Y (the qu
Romashka-Z-Leto [24]

Answer: decrease/decline

Explanation:

7 0
3 years ago
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