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3 years ago

Compensation, recognition, and status are common ______ in the workplace.

1 answer:

3 0

Compensation, recognition, and status are common Values in the workplace.

Values are abstract ideals that guide one's thinking and behavior across all situations.

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Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000, its accumulated depreciati

iragen [17]

Answer:

equipment 3,700

Explanation:

First we calcualte the values of the machine given up:

traded-out assets

purchased 23000

depreciation 20,000

book value 3,000

fair value 5,000

gain on disposal 2,000

This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.

Value given up forthe new equipment:

cash 700

traded-out 5,000

total value 5,700

We subtract the deffered gain on disposal to get the accounting value for the new equipment:

deferred gain (2,000)

accounting value 3,700

The machine will enter the accounting with 3,700

journal entry

equipment 3,700

acc del 20,000

equipment 23,000

cash 700

3 0

3 years ago

Navajo Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer with a fair value o

UNO [17]

Answer:

Dr Computer $3,300

Dr Accumulated depreciation-Truck $18,000

Cr Truck - Fixed Asset $20,000

Cr Gain on disposal of truck (Balancing Figure) $800

Cr Cash Account $500

Explanation:

The disposal of a Fixed asset is a three step procedure and is given as under:

Remove the Accumulated depreciation and the cost of the fixed asset
Record the receipt of the consideration at Fair Value
Record the payment or receipt of the cash

Always remember that the balancing figure will go to Profit and loss statement.

Step1: Remove the Accumulated depreciation and the cost of the fixed asset

The asset value and the accumulated depreciation would be removed from the books of accounts and the balance figure would be transfered to profit and loss account.

Dr Accumulated Depreciation $18,000

Dr Profit & Loss Account $2,000

Cr Truck - Fixed Asset $20,000

Step2: Record the receipt of the consideration at Fair Value

Dr Computer - Fixed Asset $3,300

Cr Profit and Loss Account $3,300

Step3: Record the payment or receipt of the cash

The receipt of the payment will treated as:

Dr Profit and loss Account $500

Cr Cash Account $500

The aggregate Effect if I summarizee would be:

Dr Computer $3,300

Dr Accumulated depreciation-Truck $18,000

Cr Truck - Fixed Asset $20,000

Cr Gain on disposal of truck (Balancing Figure) $800

Cr Cash Account $500

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3 years ago

True Tomato Inc. makes organic ketchup. To promote its products, this firm decided to make bottles in the shape of tomatoes. To

Amanda [17]

Answer:

The answer is: Physical asset specificity

Explanation:

In a business to business relationship, physical asset specificity refers to an asset, or product or service designed to fit a particular or specialized customer's need.

In this case, True Tomato needs a very specific type of bottle that probably no other ketchup manufacturer may use or want to use. So their bottle supplier specifically manufactures the tomato shaped bottle to meet True Tomato's specific requirements.

3 0

3 years ago

The crunchy granola company is a diversified food company that specializes in all natural foods. the company has three operating

gogolik [260]

Based on the given entries, the condensed divisional income statements are:

Cereal Division Snack Cake Retail Bakeries

Sales 25,000,000 8,000,000 9,750,000

Cost of Goods (16,670,000) (5,575,000) (6,795,000)

Sold

Gross Profit 8,330,000 2,425,000 2,955,000

Operating Expenses (7,330,000) (1,945,000) (2,272,500)

Operating income (1,000,000) (480,000) (682,500)

The profit margins, Investment turnover, and ROI.

Cereal Division Snack Cake Retail Bakeries

Profit Margin 4 6 7

Investment Turnover 2.5 2 12

ROI 7 1.5 10.5

The management should go with Snack Cake as it has the highest Profit Margin.

<h3>What are the matrics and ratios for Crunchy Granola Company?</h3>

The condensed income statements will show all the divisions and their operating incomes in one statement as shown above.

The profit margin can be found as:

= Operating income / Sales x 100

The Return on Investment (ROI) is:

= Operating income / Invested assets x 100

Investment turnover can be found as:

= Sales / Invested assets x 100

Find out more on Return on Investment at brainly.com/question/26445145.

8 0

2 years ago

Suppose DeepMind Inc. will pay $1.50 per share in dividends next year. The require return on the stock is 10% and its dividends

Brums [2.3K]

Answer:

C. All else being equal, the growth rate of the dividends is greater than 2%

Explanation:

The formula to calculate the fair price of a stock with a constant growth in dividends is as follows,

P = D1 / r-g
Where D1 is the dividend next period
r is the required rate of return
g is the growth rate in dividends
P = 1.5 / 0.1 - 0.02 = 18.75
We are taking 1.5 as D1 as it is the dividend per share DeepMind will pay next year.

So, we will be willing to pay more than 18.75 if the fair price per share today is greater than 18.75. We check all the 3 options.

A. say the required rate is 10.1%

P = 1.5 / (0.101 - 0.02) = 18.52
So if the required rate of return increases from 10%, the fair price per share is falling and we will be willing to pay less than 18.75 per share.

B. P = 1.2 / (0.1 - 0.02) = 15

If D1 = 1.2,the fair price per share will be 15 which is less so we will not be willing to pay more than 15 for such share.

C. Say the growth rate in dividends is 2.1%

P = 1.5 / (0.1 - 0.021) = 18.99
The fair price per share increased to 18.99 if the growth rate in dividend increases by 0.1 percentage point. Thus, C is the correct answer

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3 years ago