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3 years ago

A major shift for personnel management arrived in the 1930's with the emergence of:

1 answer:

8 0

A major shift for personnel management arrived in the 1930's with the emergence of UNION LAWS.
Union laws refers to a set of laws that govern the relationship between the employers and the employees. Union laws were first released in the 1903's and it changed the manners the employers treat their workers.

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A company understated its ending inventory balance by $5,000 in 2018. What impact will this error have on cost of goods sold and

madreJ [45]

Answer:

COGS overstated for 5,000

Explanation:

The COGS will be overstated for the same ammount, that is because of the inventory identity.

$$$Beginning Inventory + Purchase = Ending Inventory + COGS$

If ending Inventory has a problem, it will be transferred to COGS as well to equalize the formula

If ending Inventory is understated it means their alue is less than it's real value,

$$$Beginning Inventory + Purchase \neq Ending Inventory (Real Inventory - Understimation) + COGS$

so to balance the formula COGS need to be overstated.

$$$Beginning Inventory + Purchase = Ending Inventory (Real Inventory - Understimation) + COGS(Real COGS + EI error)$

3 0

3 years ago

The interest earned on policy dividends is

Mazyrski [523]

The amount in interest is specified in the policy and compounds annually

8 0

3 years ago

Read 2 more answers

Which of the following statements concerning general ledger accounts is true? The general ledger accounts are the only source of

umka2103 [35]

Answer: The general ledger accounts do not provide the accounting information that managers of job order cost operations need to plan and control production activities.

Explanation:

A general ledger account is an account that is used in an organization to sort and summarize the transactions of an organization. These form of accounts are arranged in a general ledger and the balance sheet will have to appear first which is then followed by income statement.

It is also used to record every journal transactions that has taken place in order to prepare trial balance. General ledger accounts don't accounting information to the job order cost operations need to plan and control production activities due to the fact that costing had to do with several costs.

6 0

3 years ago

Your company incurs a cost for fire insurance, which in the short run, is fixed. What happens to the cost in the long run? In th

amid [387]

Answer:

The correct answer is it becomes variable cost.

Explanation:

In the short run there are fixed costs and variable costs which sum up the total costs incurred. This is because in short run not all factors are variable, some factors are fixed as well. So, expenses on fixed factors come under fixed and those on variable factors come under variable costs.

In the long run though, all the factors are variable. All factors can be changed. So there are no fixed costs in the long run run. All the costs incurred on all factors become variable costs.

3 0

3 years ago

A newly issued bond pays its coupons once a year. Its coupon rate is 4.1%, its maturity is 15 years, and its yield to maturity i

marissa [1.9K]

Answer:

a) 17.53%

b) $41 x 40% = $ 16.40

815.25 - 728.48 = 86.77 capital gain x 30% = $ 26.03

Total: 26.03 + 16.40 = $ 42.43 income tax expense

c) (815.25 + 41 - 42.43) / 728.48 - 1 = 0.1171425 = 11.71%

we recalculate the price of the bond with 13 years left to maturity

holding period return 26.94%

tax expense:

(41x1.02 + 41) x 0.4 = 33.14

(841.87 - 728.48) x 0.3 = 34.02

tax expense: 67.16

after tax return:

(841.87 + 41x1.021 + 41 - 67.16) /728.48 - 1 = 0.177209379 = 17.72%

Explanation:

We need to determinate the value of the bond at yield of 7.1% and at yield of 6.1% which is the sum of the present value of the maturity and coupon payment:

Purchase price:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Coupon payment = 1,000 x 0.041 = 41.00

time 15 years

rate 0.071

$41 \times \frac{1-(1+0.071)^{-15} }{0.071} = PV\\$

PV $371.0773

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 15.00

rate 0.071

$\frac{1000}{(1 + 0.071)^{15} } = PV$

PV 357.40

PV c $ 371.0773

PV m $ 357.4028

Total $ 728.4801

Selling Price

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 41.00

time 14 (one-year past so maturity is more closer)

rate 0.061

$41 \times \frac{1-(1+0.061)^{-14} }{0.061} = PV\\$

PV $378.7456

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 14.00

rate 0.061

$\frac{1000}{(1 + 0.061)^{14} } = PV$

PV 436.50

PV c $378.7456

PV m $436.5004

Total $815.2460

Holding period return:

return / investment - 1

(815.25 + 41) / 728.48 - 1 = 0.175387059 = 17.53%

we recalculate the price of the bond with 13 years left to maturity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 41.00

time 14

rate 0.061

$41 \times \frac{1-(1+0.061)^{-14} }{0.061} = PV\\$

PV $378.7456

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 13.00

rate 0.061

$\frac{1000}{(1 + 0.061)^{13} } = PV$

PV 463.13

PV c $378.7456

PV m $463.1269

Total $841.8725

and redo the return, tax and after-tax return:

(841.87 + 41x1.021 + 41) /728.48 - 1 = 0.269401333

7 0

3 years ago