Answers
Answer: preparing financial statements
& prepare papers for external auditor
Explanation:
Since Felicia worked for a retail company, there are definitely two things she would have being doing for the retail company that would be similar in the rod she wants to apply for at the insurance industry, they are;
-preparing financial statements;
-prepare papers for external auditor
these are a roles she would have definitely played at one point or the other for the retail store and are vital when working for the insurance industry
Related Questions
On December 31, 2015, Waterway Industries is in financial difficulty and cannot pay a note due that day. It is a $2900000 note with $290000 accrued interest payable to Carla Vista, Inc. Carla Vista agrees to accept from Waterway equipment that has a fair value of $1440000, an original cost of $2400000, and accumulated depreciation of $1160000. Carla Vista also forgives the accrued interest, extends the maturity date to December 31, 2018, reduces the face amount of the note to $1230000, and reduces the interest rate to 5%, with interest payable at the end of each year.Nolte should recognize a gain or loss on the transfer of the equipment ofa. $0.b. $120,000 gain.c. $180,000 gain.d. $570,000 loss.Nolte should recognize a gain on the partial settlement and restructure of the debt ofa. $0.b. $45,000.c. $165,000.d. $225,000.
Everything else the same, the higher the expected rate of inflation, _____. a. the lower the loss in purchasing power of investors b. the higher the required rate of return on an investment c. the lower the maturity premium required by the investors d. the higher the money supply in the economy e. the lower the tax rate in the economy
On January 1, Year 1, Chaco Company sold $300,000 of 10% twenty-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were issued for $359,378, priced to yield 8%. What is the amount of effective interest expense that Chaco will record for the six months ended June 30, Year 1
During January, Luxury Cruise Lines incurs employee salaries of $2.9 million. Withholdings in January are $221,850 for the employee portion of FICA, $435,000 for federal income tax, $181,250 for state income tax, and $29,000 for the employee portion of health insurance (payable to Blue Cross Blue Shield). The company incurs an additional $179,800 for federal and state unemployment tax and $87,000 for the employer portion of health insurance.Required:A) Record the employee salary expense, withholdings, and salaries payable.B) Record the employer-provided fringe benefits.C) Record the employer payroll taxes.
Shipping fees to import circuit board: $20
Labor, overhead, and additional material costs of final product: $115
Import duties levied on circuit board (to be paid by the German division): 10% of transfer price
German tax rate: 60%
Assume that U.S. and German tax authorities allow a transfer price for the circuit board set at either U.S. variable manufacturing cost or the U.S. market price. Alpha’s management is in the process of exploring which transfer price is better for the firm as a whole.
Required:
1. Compute overall company profitability per unit if all units are transferred and U.S. variable manufacturing cost is used as the transfer price. Show separate calculations for the U.S. operation and the German division.
2. Repeat requirement (1). assuming the use of the U.S. market price as the transfer price. Which of the two transfer prices is better for the firm?
3. Assume that the German division can obtain the circuit board in Germany for $155.
a. If you were the head of the German division, would you rather do business with your U.S. division or buy the circuit board locally? Why?
b. Rather than proceed with the transfer, is it in the best interest of Alpha to sell its goods domestically and allow the German division to acquire the circuit board in Germany? Why? Show computations to support your answer.
Answers
Answer:
1-If the transfer price is set equal to the U.S. variable manufacturing cost, Alpha Communications will have a profit of $32.80 per circuit board with US Share as $0 and German Share as $32.80.
2-If the transfer price is set equal to the U.S. market price, Alpha Communications will have a profit of $39.20 per circuit board with US Share as $24 and German Share as $15.20. The transfer price as US market price is more effective for the Alpha Communications.
3:a-If the German division can obtain the boards in Germany for 155, it is better for the German division because due to lack of additional shipping fee and import duty, this price is more feasible for the German division.
3:b- If the company decide to sell the US circuit boards locally and allow German division to obtain the circuit boards in Germany, then Alpha Communication will have a profit of $60 per circuit board with US Share as $24 and German Share as $36.
Explanation:
1-If the transfer price is set equal to the U.S. variable manufacturing cost, Alpha Communications will have a profit of $32.80 per circuit board. The calculations are as follows:
US Operation:
Sales Revenue(Price set to variable manufacturing cost): $130
Variable Manufacturing Cost: : ($130)
_________________________________________________
Contribution Margin : $ 0
German Operation:
Selling Price: $360
Transfer Price: ($130)
Additional Cost: ($115)
Shippng Cost: ($20)
Import Duty (10% of Transfer Price): 10% x 130=0.1x130= ($13)
_________________________________________________
Income Before Tax: $82
Income Tax (60% of Income Before Tax):60%x82 ($49.20)
___________________________________________________
Income After Tax $32.80
2-If the transfer price is set equal to the U.S. market price, Alpha Communications will have a profit of $39.20 per circuit board. The transfer price as US market price is more effective for the Alpha Communications. The calculations are as follows:
US Operation:
Sales Revenue(Price set to variable manufacturing cost): $170
Variable Manufacturing Cost: : ($130)
_________________________________________________
Income Before Tax : $ 40
Income Tax (40% of Income Before Tax):40%x40 :($16)
_________________________________________________
Income After Tax: : $24
German Operation:
Selling Price: $360
Transfer Fee: ($170)
Additional Cost: ($115)
Shippng Cost: ($20)
Import Duty (10% of Transfer Price): 10% x 170=0.1x170= ($17)
_________________________________________________
Income Before Tax: $38
Income Tax (60% of Income Before Tax):60%x38 ($22.80)
___________________________________________________
Income After Tax $15.20
Total Income By Alpha Communication: $24+$15.20=$39.20
3-a: If the German division can obtain the boards in Germany for 155, it is better for the German division because due to lack of additional shipping fee and import duty, this price is more feasible for the German division.
At the lower tranfer price of 130, the total impact of transfer is given by
Transfer Price: $130
Shippng Cost: $20
Import Duty (10% of Transfer Price): 10% x 130=0.1x130= $13
___________________________________________________
Total Impact $163
It is more than the local available price, Thus the company should purchase their circuit board locally.
3-b If the company decide to sell the US circuit boards locally and allow German division to obtain the circuit boards in Germany, then Alpha Communication will have a profit of $60 per circuit board.
US Operation:
Sales Revenue(Price set to variable manufacturing cost): $170
Variable Manufacturing Cost: : ($130)
_________________________________________________
Income Before Tax : $ 40
Income Tax (40% of Income Before Tax):40%x40 :($16)
_________________________________________________
Income After Tax: : $24
German Operation:
Selling Price: $360
Local Circuit Board Price ($155)
Additional Cost: ($115)
_________________________________________________
Income Before Tax: $90
Income Tax (60% of Income Before Tax):60%x38 ($54)
___________________________________________________
Income After Tax $36
Total Income By Alpha Communication: $24+$36=$60.0
Final answer:
To calculate overall company profitability, we compare two scenarios: using U.S. variable manufacturing cost or U.S. market price as the transfer price. Using U.S. variable manufacturing cost as the transfer price results in higher profitability. If the German division can obtain the circuit board in Germany for $155, it would be more advantageous to buy locally and sell domestically.
Explanation:
To calculate the overall company profitability per unit, we need to consider two scenarios: using the U.S. variable manufacturing cost as the transfer price and using the U.S. market price as the transfer price.
- Scenario 1: U.S. variable manufacturing cost as transfer price: The U.S. operation would sell the circuit board to the German division for $130, while the German division would sell the final product for $360. The German division would incur additional costs, such as shipping fees, labor and overhead, and import duties. After accounting for these costs and taxes, the overall profitability per unit for the company would be $14.40.
- Scenario 2: U.S. market price as transfer price: The U.S. operation would sell the circuit board to the German division for $170, while the German division would sell the final product for $360. Again, the German division would incur additional costs and taxes. After accounting for these costs and taxes, the overall profitability per unit for the company would be $13.50.
In this case, using the U.S. variable manufacturing cost as the transfer price results in higher profitability for the company. However, it's important to consider other factors, such as the business relationship between the U.S. and German divisions and the potential benefits of local sourcing.
If the German division can obtain the circuit board in Germany for $155, it would be more advantageous for the head of the German division to buy the circuit board locally instead of doing business with the U.S. division. This is because the local sourcing option is cheaper and eliminates the need for import duties, resulting in higher profitability for the German division.
Rather than proceeding with the transfer, it would be in the best interest of Alpha to sell its goods domestically and allow the German division to acquire the circuit board in Germany. This is because selling domestically avoids the additional costs and taxes associated with the transfer, while the German division can source the circuit board locally at a lower cost.
Learn more about Company profitability here:
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Answers
Answer:
The answer is D.
Explanation:
Net investment equals Gross investment minus depreciation.
Net investment equals Investment at the beginning of the year minus Investment at the end of the year.
Net investment = $105 million - $100 million.
Net investment = $5million.
Depreciation = 20% of investment at the start of the year
= 20% of $100million
= $20million.
Gross investment is therefore,
$5million + $20million
=$25 million
Answer:
Option D,$25 million is the correct answer.
Explanation:
The net investment formula can be used to compute gross investment by changing the subject of the formula as shown below:
Net investment = gross investment minus depreciation
Net investment =Closing capital stock minus opening capital stock
closing capital stock is $105 million
opening capital stock is $100 million
net investment=$105 million-$100 million=$5 million
Gross investment is unknown
depreciation=opening capital stock* depreciation %
depreciation=$100 million*20%
=$20 million
$5 million=gross investment-$20 million
gross investment =$5 million+$20 million
gross investment =$25 million
Answers
Answer:
increase
listening to the law when a supplier increases the price their supply increases the quality aswell!!
Answers
Answer:
Requiring all employees to attend “captive audience” speeches in the company auditorium regarding the union organizing effort
Explanation:
In simple words, union certification election refers to the electoral process under which the labor force of an organisation chooses its leader for a fixed period of time as determined by the rules. This process is usually seen in large organisations where a thousands of labor workforce is included.
Just like any other process, in these elections also the candidates are supposed to present themselves against the voters and tell them their ideas and the works they are going to perform.
Answers
Answer:
The correct solution is "$397000".
Explanation:
Given:
Net income,
= $377000
Depreciation,
= $59000
Accounts receivable increase,
= $27000
Accounts payable decreased,
= $12000
Now,
From operating activities, the cash flow will be:
= By putting the values, we get
=
= ($)
Answers
Answer:
The correct answer is letter "D": national competitive advantage.
Explanation:
American Professor Michael Porter (born in 1947) proposed the National Competitive Advantage Theory to give an idea of why some countries achieve success in determined industries compared to others. The theory, in other words, aims to explain nations' competitive advantage and the path to reach it.
Also known as Porter's Diamond Model, the factors Porter based his concept on are firm strategies, structure and rivalry; related industries; demand conditions; and, factor conditions.