Explanation:
Analyzing the historical context, it is possible to see how the new communication technologies were essential for the development of commerce. We currently live in the digital age, where almost every individual has access to a cell phone with internet and can communicate within seconds with any part of the world.
This technological revolution also had a great economic impact, generating new business models.
Companies have to adapt to this reality and insert themselves in the new market based on the internet, in creating relationships with consumers, in the practice of positive social and environmental attitudes, etc. Some companies needed to reinvent themselves to adapt to the new economic context, or they would lose strength in the market and would cease to exist.
The fact is that the technological revolution has impacted commercial relations around the world, today the consumer seeks the solution to his problems and desires, not being restricted to local consumption, which causes a new redesign of commerce and manages impacts on the economy of the world.
Answer:
Y = 83.2 + 2.29x1 + 1.30x2
Y = 83.2 + 2.29(4) + 1.30(1.5)
Y = 83.2 + 9.16 + 1.95
Y = 94.31(thousand)
Y = $94,310
The gross revenue is $94,310
Explanation:
In this case, the estimated regression equation has been given. Since x1 is $4,000 and x2 is $1,500, then, we will substitute these values for x1 and x2 in the equation. The addition of all values after the substitution gives the gross revenue.
Given that, Reid Company's balance in prepaid insurance at the beginning and end of the year was $1,000 and $1,200, respectively. Hence, by doing calculations, it is found out that the correct option is-
an increase of $200 which shall be subtracted from net income.
The gap between the opening and closing balances is reflected in the prepaid expense account as an increase.
Prepaid expenses are asset accounts, and an increase implies that cash was spent on attaining the asset, so it is considered an application of cash and hence deducted from net income.
Net income is the amount of money left over after taxes as well as deductions are deducted from your paycheck. Net income is the money left over after paying operational expenses, administrative expenses, cost of products sold, taxes, insurance, and all other business expenses for a company.
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Answer:
The correct answer is letter "B": Neither of them is correct, as determining the costs of the Act is possible, but determining the benefits is not fully possible.
Explanation:
The Sarbanes-Oxley (SOX) Act Of 2002 is a legislative response to several corporate scandals that sent shock waves through the world financial markets. The SOX attempts to strengthen corporate oversight and improve internal control. The main purpose of SOX is to protect shareholders from fraudulent representation in corporate financial statements.
In regards to the Roland Company case, the cost of implementing SOX will be a more strict accounting and financial book-keeping. This could provide the company with more accurate information that helps to make better corporate decisions but the benefits cannot be fully measured.
The question as to whether the costs or benefits of the Sarbanes-Oxley Act outweigh each other depends on the specific circumstances of the company and how one interprets these costs and benefits. Nevertheless, the Act is generally understood to enhance transparency, reduce fraud, and build investor confidence.
This is a subjective question as it pertains to the perception of costs and benefits under the Sarbanes-Oxley Act. One cannot definitively say if Ken or his boss is correct without having a complete picture of the Roland Company's financial situation and understanding of the Act's implications. However, the premise of the Sarbanes-Oxley Act is to increase transparency in financial reporting, reduce incidents of corporate fraud, and protect shareholders. While the act does impose significant administrative costs, many argue that its benefits in promoting investor confidence outweigh these costs. Thus, it could be argued that the views of Ken’s boss would align more with the overall objective of the Act.
a. Determine the total interest cost under each plan.
b. Which plan is less costly?
i. Short-tem variable-rate plan
ii. Long-term fixed-rate plarn
Answer:
Long-term fixed-rate plan-$220,320.00
Short-term variable-rate plan-$224,280.00
The long-term fixed-rate plan is less costly as it has a lower interest expense
Explanation:
Total interest under the first plan=principal amount*interest rate*3 years
principal amount is $720,000
interest rate is 10.20%
total interest expense=$720,000*10.20%*3=$220,320.00
Interest expense under second plan=($720,000*8.50%)+($720,000*12.90%)+($720,000*9.75%)=$224,280.00
Cash ________________$
What is the value of the current assets?
Current assets ______________$
Answer:
Cash $705
Current Assets $6,195
Explanation:
Equity $13,505
Long-term debt $8,800
Net working capital, other than cash, $3,620.
Fixed assets are $17,980
Current liabilities are $1,870.
Net Working capital is the Net value of Current and Current Liabilities.
We need to calculate current assets with cash first.
As we know
Assets = Equity + Liability
Fixed Assets + Current Assets = Equity + Long Term Liability + Current Liability
$17,980 + Current Assets = $13,505 + $8,800 + $1,870
Current Assets = $24,175 - $17,980 = $6,195
Net Working Capital = Current Assets - Current Liabilities
$3,620 = Current Assets - $1,870
Current Assetsother than cash = $3,620 + $1,870
Current Assets other than cash = $5,490
Cash Value = Total Current Assets - Current Assets other than cash = $6,195 - $5,490 = $705
Cori's Corp has $705 in cash and $4,325 in current assets. This is calculated using the formula: Cash = Equity value + Long-term debt - Fixed assets - Net working capital (excluding cash), and then adding the calculated cash to the net working capital to get the current assets.
To calculate the cash of the company, you need to use the following formula: Cash = Equity value + Long-term debt - Fixed assets - Net working capital (excluding cash).
So the cash Cori's Corp. has would be: Cash = $13,505 + $8,800 - $17,980 - $3,620 = $705.
Next, the total current assets would be the sum of the Net Working Capital and cash. In this case, current assets = Net working capital + Cash = $3,620 + $705 = $4,325.
Hence, Cori's Corp has $705 in cash and $4,325 in current assets.
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(before proration) in Each Account Balance(before proration)
Work-in-process $25 750 S11,400
Finished goods 53 225 26,600
Cost of goods sold 75,650 38.000
Total $154,625 $76,000
Direct materials inventory has a balance of S15,000. If Seaside uses the proration approach (based on the amount of manufacturing overhead in ending balances), what will be the final balance in fatal work-in-process inventory?
a $9.000
b. 523 350
c. $23,085
d. 58 735
Answer:
b. $23,350
Explanation:
The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-
The formula is presented below:-
Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads
Account Balance after = Account Balance before - Amount of Over-allocated Overheads
Therefore the correct answer is b. that is $23,350