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3 years ago

Question 1

Business

1 answer:

igomit [66]3 years ago

8 0

The correct answers are:

C. Sarah trades her apple for Ava's bag of chips.

D. medium of exchange.

D. commodity money.

D. the price of other lunch items is expressed in quantities of pudding cups.

D. A U.S. dollar does not represent a claim to some specific asset.

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Under Section 401 of the Uniform Securities act, the term "agent" does not include an individual who represents an issuer in eff

Mariulka [41]

Answer:

B) issued by and representing an interest in or a debt of, or guaranteed by, any bank organized under the laws of the United States, or any bank, savings institution, or trust company organized and supervised under the laws of any state.

Explanation:

The Uniform Securities Act ( USA ) is a model statute or legal framework designed to guide each state of the United States of America in drafting and balancing both state and federal regulatory securities law. It is used in the United States of America to prosecute all fraud relating to buying and selling of securities.

Under Section 401 of the Uniform Securities act, the term "agent" does not include an individual who represents an issuer in effecting transactions in a security issued by and representing an interest in or a debt of, or guaranteed by, any bank organized under the laws of the United States, or any bank, savings institution, or trust company organized and supervised under the laws of any state.

<em>However, under Section 401 of the Uniform Securities act, the term "agent" means any individual other than a broker-dealer who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales of securities.</em>

4 0

3 years ago

Travers Company is contemplating the acceptance of a special order has the following unit cost behavior, based on 10,000 units (

nydimaria [60]

Answer:

The amount of the incremental income from accepting the order is $21,750 .

Explanation:

<u>Incremental analysis of Accepting Special Order</u>

Hint : Consider Incremental Amounts Only

Sales (2,000 units × $36) $72,000

Less Expenses

Direct Materials ($5 × 2,000) ($10,000)

Direct Labor ($10 × 2,000) ($20,000)

Variable Overhead ($7 × 2,000) ($14,000)

Special stamping machine ($6250)

Incremental income/ (loss) $21,750

Note : There is excess capacity of 3,000 units (10,000 units - 7,000 units) to meet the Special Order. Hence

Fixed Overheads will be the same whether or not the special order is accepted, hence they are not included in the analysis.

Conclusion :

The amount of the incremental income from accepting the order is $21,750 .

5 0

3 years ago

If your team is composed of people from different functional departments (and even outside the organization), what type of team

Alborosie

Answer:

Cross functional team

Explanation:

There are various team types depending on their composition and how they function to meet organisational goals.

The types of teams are functional, cross functional, and work teams.

The cross functional team are made up of individuals from different functional departments and even from outside of the organisation.

This type of team is characterised by people who are experts in their fields. Therefore they usually make decisions without consulting management.

This type of team maximises coordination between specialised subunits

6 0

3 years ago

Elite Trailer Parks has an operating profit of $293,000. Interest expense for the year was $38,800; preferred dividends paid wer

True [87]

Answer:

The earnings per share and the common dividends per share for Elite Trailer Parks is $7.78 and $1.82 respectively.

Explanation:

The computation is shown below:

Earning per share = (Net income) ÷ (Number of shares)

where,

Net income = Operating profit - Interest expense - tax - preferred dividends

= $293,000 - $38,800 - $65,500 - $31,500

= $157,200

And, the number of shares are 20,200 shares

Now put these values to the above formula

So, the value would equal to

= ($157,200) ÷ (20,200 shares)

= $7.78 per share

Common Dividend per share = (Common dividend) ÷ (number of shares)

= ($36,900) ÷ (20,200 shares)

= $1.82 per share

6 0

3 years ago

Westmoreland Company Following are selected data from Westmoreland Company's financial statements.

Akimi4 [234]

Answer:

Westmoreland Company

1. The company's times interest earned ratio for 2018

d. Increased, which indicates the company's lenders will be pleased.

2. The TRUE statement regarding valuation amounts on the balance sheet is:

3. A variety of assumptions are used in determining amounts reported on the balance sheet.

Explanation:

a) Data and Calculations:

Westmoreland Company

Selected financial statements data.

2018 2017

Current liabilities $230,000 $160,000

Long-term debt 120,000 320,000

Stockholders' equity 420,000 540,000

2018 2017

Cash payments for additions

to plant and equipment 45,000 32,000

Net cash flow from operating activities 80,000 51,000

Interest and principal payments 12,000 8,000

Net operating cash flows before

interest and taxes 68,000 43,000

Net income 90,000 72,000

Interest expense 8,500 11,500

Income taxes 16,000 14,500

EBIT $114,500 $98,000

Dividends paid 15,000 30,000

Time interest earned (TIE) for 2018 =EBIT/ Interest Expense

= $114,500/$8,500

13.47x

TIE for 2017 = $98,000/$11,500

= 8.52x

5 0

3 years ago