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3 years ago

Which of the following transactions would qualify as an "arm's length transaction"?

1 answer:

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Which of the following transactions would qualify as an "arm's length transaction"? The arms length transaction concerns both parties within a transaction and how they committed they both are to the transaction. This protects any false pretenses that there is pressure from either side of the party to make the transaction happen. If they notice there is any conditions or pressure from either side they can get in trouble and potentially make the transaction null.

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The Human Resources department of Superior Catering conducted a training workshop on setting and achieving organization goals. D

Harman [31]

Answer:

The goals are not time-bound, there is no specific date as to when they should be achieved.

Explanation:

SMART goals should be:

Specific
Measurable
Achievable
Relevant
Time-Bound: how long will it take DeJohn and his managers to accomplish their goals, e.g. six months, one year?

7 0

3 years ago

Elite Stationary employs 20 full-time employees and 10 trainees. Direct and indirect costs are applied on a professional labor

kolezko [41]

Answer:

Since cost per hour of full-time employees is $150, while cost per hour of trainees $27, clients using proportionately more full-time employees than trainees will be under billed or charged for the resources or labor hour used.

Explanation:

The data in the question are merged and they are first separated before answering the question as follows:

Details Budget Actual

Indirect costs $250,000 $400,000

Annual salary of each employee $200,000 $250,000

Annual salary of each trainee $40,000 $45,000

Total professional labor-hours 40,000 dlh 50,000 dlh

In normal costing system, actual costs are used.

Therefore, labor hours for each category and cost per hour can be calculated as follows:

Full-time employees total labor hours = (20/30) * 50,000 = 33,333 hours

Each full-time employee annual labor hour = 33,333/20 = 1,667 hours

Cost per hour of full-time employees = $250,000/1,667 = $150 per hour

Trainee total labor hours = (10/30) * 50,000 = 16,667 hours

Each trainee annual labor hours = 16,667/10 = 1,667 hours

Cost per hour of trainees = $45,000/1,667 = $27 per hour

5 0

3 years ago

Mary O. Andrettey wants to purchase an expensive sports car. She needs to borrow money to purchase the car, and has loan proposa

irina [24]

Answer: Proposal C

Explanation:

The way to solve this is to calculate the Present Values of all these payments. The smallest present value is the best.

Proposal A.

Periodic payment of $2,000 makes this an annuity.

Present value of Annuity = Annuity * ( 1 - ( 1 + r ) ^ -n)/r

= 2,000 * (1 - (1 + 0.5%)⁻⁶⁰) / 0.5%

= $103,451.12

Proposal B

Present value = Down payment + present value of annuity

= 10,000 + [2,200 * ( 1 - ( 1 + 0.5%)⁻⁴⁸) / 0.5%]

= 10,000 + 93,676.70

= $103,676.70

Proposal C

Present value = Present value of annuity + Present value of future payment

= [500 * (1 - (1 + 0.5%)⁻³⁶) / 0.5%] + [116,000 / (1 + 0.5%)⁶⁰]

= 16,435.51 + 85,999.17

= $‭102,434.68‬

Proposal C has the lowest present value and so is best. 

6 0

3 years ago

India is fast becoming a global center for which of the following? select one:

polet [3.4K]

It is becoming a global center for it, computer programming, and software.

4 0

3 years ago

Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. Durin

amm1812

Answer:

The journal entries are made as follows;

Explanation:

1.Cash 100,000*50 Dr.$5,000,000

Common Stocks 100,000*5 Cr.$500,000

Paid in capital-common stocks Cr.$4,500,000

2.Treasury Stocks 20,000*45 Dr.$100,000

Cash 20,000*45 Cr.$100,000

3. Cash 7,500*46 Dr.$345,000

Treasury Stocks 7,500*45 Cr.$337,500

Paid in Capital-Treasury stocks 7,500*(46-45) Cr.$7,500

4.Cash 7,500*44 Dr.$330,000

Paid in capital-Treasury Stock 7,500*1 Dr.$7,500

Treasury stocks 7,500*45 Cr.$337,500

6 0

3 years ago