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3 years ago

9

Setting aside the political issues between North Korea and the United States, is there a reasonable way to respond to an anonymo

us threat found on the Internet somewhere?

1 answer:

hichkok12 [17]3 years ago

4 0

Yes by consulting the leaders involved

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A credit granted to a customer for returned goods requires a debit to a. Accounts Receivable and a credit to a contra-revenue ac

12345 [234]

Answer:

d. Sales Returns and Allowances and a credit to Accounts Receivable.

Explanation:

The entry to record credit granted to customer entails :

Decrease the Assets of Accounts Receivable (credit entry) and Decrease the Sales Revenue (debit entry).

The Recognition of Sales Return and Allowance decreases Sales Revenue.

5 0

3 years ago

Countess Corp. is expected to pay an annual dividend of $5.29 on its common stock in one year. The current stock price is $79.83

Nostrana [21]

Answer:

10.03%

Explanation:

Using the dividend discount formula, find the cost of equity; r

$r = \frac{D1}{P0} +g$

whereby,

D1 = Next year's dividend = 5.29

P0 = Current price of the stock = 79.83

g = growth rate of dividends = 3.40% or 0.034 as a decimal

Next, plug in the numbers to the formula above;

$r = \frac{5.29}{79.83} +0.034\\ \\ r =0.06627 + 0.034\\ \\ =0.10027$

As a percentage, r = 10.03%

Therefore, the company's cost of equity is 10.03%

7 0

3 years ago

Outdoor luggage inc. makes high-end hard-sided luggage for sports equipment. data concerning three of the company's most popular

Elden [556K]

1-a. The total time available on the plastic injection molding machine is the constraint in the production process. What is the contribution margin per unit of the constrained resources for Ski Guard, Golf Guard and Fishing Guard?

Answer:

We need to need to find the contribution margin for each product.

$Contribution Margin per unit = Selling Price per unit - Variable cost per unit$

Then we need to find contribution margin per unit of constrained resources with the following formula:

$Contribution Margin per unit of constrained resource = \frac{Contribution margin per unit}{Resource needed per unit of product}$

Constraint: Time available on plastic injection moulding machine

Ski Guard Golf guard Fishing guard

Selling Price per unit 200 300 255

Less: Variable Cost 60 140 55

Contribution Margin 140 160 200

Processing time per unit (minutes) 2 5 4

Contribution Margin unit of constraint 70 (140/2) 32 (160/5) 50

1-b. Which product would be the most profitable use of this constraint?

Manufacturing the <u>Ski Guard</u> would be the <u>most profitable use</u> of this constraint since it has <u>the maximum contribution margin per unit of constraint, ($70 per unit).</u>

1-c. Which product would be the least profitable use of this constraint?

The <u>Golf Guard</u> would be the least profitable use of this constraint since it has the <u>least contribution margin per unit of constraint, at $32 per unit</u>.

2a. A severe shortage of plastic pellets has required the company to cut back its production so much that the plastic injection molding machine is no longer the bottleneck. Instead, the constraint is the total available pounds of plastic pellets. What is contribution margin per unit of the constrained resources for Ski Guard, Golf Guard and Fishing Guard?

We need to need to find the contribution margin for each product.

$Contribution Margin per unit = Selling Price per unit - Variable cost per unit$

Then we need to find contribution margin per unit of constrained resources with the following formula:

$Contribution Margin per unit of constrained resource = \frac{Contribution margin per unit}{Resource needed per unit of product}$

Constraint: Pounds of plastic pellets

Ski Guard Golf guard Fishing guard

Selling Price per unit 200 300 255

Less: Variable Cost 60 140 55

Contribution Margin 140 160 200

Plastic pellets per unit (pounds) 7 4 8

Contribution Margin per pound 20 (140/7) 40 (160/4) 25 (200/8)

2-b. Which product would be the most profitable use of this constraint?

The <u>Golf Guard</u> would be the <u>most profitable use</u> of this constraint since it has <u>the maximum contribution margin per unit of constraint, ($40 per unit).</u>

2-c. Which product would be the least profitable use of this constraint?

The <u>SkiGuard</u>, with a contribution margin of <u>$20 per pound</u> of plastic would be the <u>least profitable</u> use of this constraint.

3. Which product has the largest unit contribution margin?

Answer : The <u>fishing guard</u> has the <u>largest per unit contribution margin </u>at <u>$200.</u>

6 0

3 years ago

At december 31, 2014 rice company had 300,000 shares of common stock and 10,000 shares of 8%, $100 par value cumulative preferre

vitfil [10]

The company has declared a 100% stock dividend on its common stock will not be considered while calculating the earnings per common shares should be.

Earnings per share = Net Income / Number of equity shares.

where Net Income = $1,520,000

Common equity shares = 300,000

Earnings per share = $1,520,000 / 300,000

Earnings per share = $5.07

Therefore, earnings per common share for year 2015 for Rice Corporation is $5.07

7 0

3 years ago

Lee Company has the following information for the pay period of December 15–31: Gross payroll $16,000 Federal income tax withh

vodomira [7]

Answer: $10,800

Explanation:

In the above scenario it is worthy of note that the company is the one that pays for Federal and State Unemployment tax.

That means that the employees pay for Federal income tax withheld at $4,000, Social security at 6% and Medicare at 1.5%.

Calculating salaries payable therefore would be,

= 16,000 - 4,000 - (16,000 * 6%) - (16,000 * 1.5%)

= $10,800

Salaries Payable would be recorded at $10,800.

8 0

3 years ago