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2 years ago

Define ethics and law and show how they are different and similar.

1 answer:

5 0

Answer: The law sets minimum standards of behavior while ethics set maximum standards. Laws are created and enforced by governments based on society's ethics to mediate our relationships with each other and to protect their citizens.

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Stella, Inc. purchased 75 telescopes for $25 each from Luna Co. When they unpacked the telescopes, Stella found

cupoosta [38]

Answer:

A. The company would debit the Allowance account instead of Purchase Returns.

Explanation:

In the management of purchases transactions, a company will maintain several other accounts such as purchase returns and purchases allowance.

Purchases allowance will include allowances such as discount received and other compensations from suppliers. The allowances reduce the net value of the purchases. i.e., when calculating the net purchases, one has to deduct the purchases allowed amount. When the business receives a purchase allowance, the amount will increase the purchases allowance account. The accountant will, therefore, debit that account.

Purchases returns are goods that the company had purchased from suppliers but have returned them for some reason. They could be defective or inappropriate.

8 0

3 years ago

The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour

Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460 = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit = $800

Plastic: 10 kilograms at $10 per kilogram 100

Labor hours: 60 hours at $25 per hour 1,500

Manufacturing overhead applied $10 per 600

labor hour

Total Cost $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production. As an estimate, it can be overapplied or underapplied.

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3 years ago

A NASDAQ security is bid at $42 and offered at $42.25. An over-the-counter trader effects a trade at $42.25 and charges a commis

ella [17]

$42.25
- trade prices that are shown on the tape DO NOT include commission.

4 0

2 years ago

Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.

sertanlavr [38]

Answer:

$9.687

Explanation:

Given:

Year 3 dividend = $1.00

Year4&5 growth rate = 17%

Constant rate = 7%

Required return rate = 16%

Year 4 dividend wil be:

D4 = 1.00 * 1+growth rate

= 1.00 * (1+0.17)

= $1.17

Year 5 dividend=

D5 = $1.17 * (1+0.17)

= $1.3689

Value of stock after year 5 will be given as:

$\frac{D5 * (1+growth rate)}{required return - growth rate}$

$= \frac{1.3689*(1+0.07)}{0.16-0.07}$

= $16.2747

For the current value of stock, we have:

Cv= Fd* Pv of discounting factor

Where Cv = current value of stock

Fd = future dividend

Pv = Present value of discounting factor

Therefore,

$C_v = \frac{1.00}{1.16^3} + \frac{1.17}{1.16^4} + \frac{1.3689}{1.16^5} + \frac{16.2746}{1.16^5}$

=$9.6871382455

≈ $9.687

The value of stock today =

$9.687

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3 years ago

An x-ray machine at a dental offi ce is MACRS 5-year property. The x-ray machine costs $6,000 and has an expected useful life of

Brrunno [24]

Answer:

The correct answer is $2,637.31.

Explanation:

According to the scenario, the computation of the given data are as follows:

Cost of machine = $6,000

According to MACRs table depreciation for first 3 years are as follows:

Depreciation for 1st year = 20%, for 2nd year = 32% and for 3rd year = 19.2%

So, Cost of machine after 1st year = $6,000 - 20% × $6,000 = $6,000 - $1,200

= $4,800

Cost of machine after 2nd year = $4,800 - 32% × $4,800 = $4,800 - $1,536

= $3,264

Now, Cost of machine after 3rd year = $3,264 - 19.2% × $3,264

= $3,264 - $626.688 = $2,637.312

So, the book value at the end of three years = $2,637.31

3 0

2 years ago