Shauna and Danielle decided to liquidate their jointly owned corporation, Woodward Fashions Inc. (WFI). After liquidating its remaining inventory and paying off its remaining liabilities, WFI had the following tax accounting balance sheet: FMV Adjusted Basis Appreciation Cash $ 225,000 $ 225,000 Building 45,000 22,500 22,500 Land 180,000 90,000 90,000 Total $ 450,000 $ 337,500 $ 112,500 Under the terms of the agreement, Shauna will receive the $225,000 cash in exchange for her 50 percent interest in WFI. Shauna's tax basis in her WFI stock is $56,250. Danielle will receive the building and land in exchange for her 50 percent interest in WFI. Danielle's tax basis in her WFI stock is $112,500. Assume for purposes of this problem that the cash available to distribute to the shareholders has been reduced by any tax paid by the corporation on gain recognized as a result of the liquidation. (Negative amounts should be indicated by a minus sign.) a. What amount of gain or loss does WFI recognize in the complete liquidation

Wher the conditions are given - perfectly competitive firm with total cost function given as: TC=Q³-50² +30Q +10, the profit maximizing level of output and the maximum profit generated are Q = 35 units and  -$40,375 respectively.

MC = d(TC)/dQ

MC = 3Q² - 100Q + 30

To find the profit-maximizing level of output, we set MC equal to the market price, which is $6:

6 = 3Q² - 100Q + 30

Next, we solve this equation for Q:

3Q² - 100Q +  24 = 0

Using quadratic formula

Q = (-(-100) ± √((-100)² - 4(3)(24))) / (2(3))

Q = (100 ± √(10000 - 288)) / 6

Q = (100 ± √(9722)) / 6

Q = (100 ±  98.55)

Q = 33.0916666667 or  0.24175334032

Q ≈ 33.02 or Q ≈ 0.24

Since we are dealing with a perfectly competitive market, we consider the positive solution: Q ≈ 33.02.

Now, to find the maximum profit, we substitute the value of Q into the total cost function:

TC = (33.02 )³ - 50(19.85)² + 30(19.85) + 10

= 16906.754608

TC ≈  16906.76


To calculate the maximum profit, we subtract the total cost from the total revenue, which is the product of the market price and the quantity:

Total revenue = 6 * 33.02 ≈ 198.12

Maximum profit = Total revenue - Total cost

  ≈ 198.12 - 16906.76

Maximum profit ≈ -16, 708.64

To check whether the marginal cost is increasing, decreasing, or at its minimum at this point, we can examine the derivative of the marginal cost function with respect to the quantity

d(MC)/dQ = 6Q - 100

Substituting Q ≈ 33.02 into the derivative,

d(MC)/dQ ≈ 6(33.02) - 100

  ≈ 198.12- 100

≈ 98.12

Since the derivative is positive (98.12), the marginal cost is increasing at the profit-maximizing output level.

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Full Question:

Suppose a perfectly competitive firm with total cost function is TC=Q³-50² +30Q +10 5.1. Given the equilibrium price for the product in the market is $6, find


1) profit-maximizing level of output and
2) the maximum profit generated, and show if marginal cost is increasing, decreasing or at its minimum at this point.​

A firm's dividend payments less any net new equity raised are referred to as the firm's Cash flow to stockholders.

Revenue is the cash a business brings in from the sale of its goods and services. A company's net cash inflow and outflow are known as its cash flow. Cash flow is more of a liquidity indicator than revenue, which measures the effectiveness of a company's sales and marketing.

The amount of money a business distributes to its shareholders is known as a cash flow to stockholders. The cash dividends paid out during a reporting period are represented by this sum.

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Answer:

$300,000

Explanation:

Calculation for Which amount should Longshore Group use to record the purchase of the machine on its books

Amount to record machine purchased=($64,000*5 annual payment)-$20,000

Amount to record machine purchased=$320,000-$20,000

Amount to record machine purchased=$300,000

Therefore the amount that Longshore Group should use to record the purchase of the machine on its books is $300,000

The Weighted Average Cost of Capital (WACC) for Lightning Power Company is 9.84%.

To calculate the Weighted Average Cost of Capital (WACC) for Lightning Power Company, we need to determine the cost of each component of its capital structure and their respective weights. The WACC is the weighted average of these costs.

Cost of Debt:

The debt component consists of 9,000 bonds with a 5.8 percent coupon rate, a $1,000 par value, and selling for 106 percent of par. The semiannual coupon payment is calculated as (5.8% * $1,000) / 2 = $29.

The current market price of the bond is 106% of $1,000, which is $1,060. The yield to maturity (YTM) can be calculated using financial calculators or Excel. Let's assume the YTM is 4.5%. Therefore, the cost of debt is 4.5%.

Cost of Common Stock:

The cost of common stock is determined using the Capital Asset Pricing Model (CAPM). The risk-free rate is given as 4.6%, and the market risk premium is 5%. The beta for Lightning Power Company's common stock is 1.11.

Using the CAPM formula: Cost of equity = Risk-free rate + Beta * Market risk premium. Therefore, the cost of equity is 4.6% + 1.11 * 5% = 9.71%.

Cost of Preferred Stock:

The cost of preferred stock is the dividend yield, which is the preferred dividend divided by the market price per share. The preferred stock has a 3.6% dividend yield, and it is selling for $81 per share. Therefore, the cost of preferred stock is 3.6% / $81 = 4.44%.

Next, we need to determine the weights of each component based on their market values. The market value of debt is 9,000 * $1,060 = $9,540,000. The market value of common stock is 420,000 * $60 = $25,200,000.

The market value of preferred stock is 18,000 * $81 = $1,458,000. The total market value of the company's capital structure is $36,198,000.

Now we can calculate the WACC using the formula:

WACC = (Weight of Debt * Cost of Debt) + (Weight of Equity * Cost of Equity) + (Weight of Preferred Stock * Cost of Preferred Stock).

Weight of Debt = $9,540,000 / $36,198,000 = 0.2639 (26.39%)

Weight of Equity = $25,200,000 / $36,198,000 = 0.6961 (69.61%)

Weight of Preferred Stock = $1,458,000 / $36,198,000 = 0.0401 (4.01%)

Plugging in the values, we get:

WACC = (0.2639 * 4.5%) + (0.6961 * 9.71%) + (0.0401 * 4.44%) = 2.88% + 6.78% + 0.18% = 9.84%.

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Answer:

$114.29

Explanation:

Calculation to determine the stock's value

Using this formula

Stock's value=Annual Dividend /Yield or Rate of return

Let plug in the formula

Stock's value=$8/7%

Stock's value=$114.29

Therefore the stock's valuewill be $114.29

Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.

Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.

The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.

Sales tax, excise tax, and customs duty are all examples of indirect taxes.

Therefore, Option A is the correct answer.

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The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.

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Answer:

The levels of poverty.

Exchange rate.

The productivity of laborers.

National debt/The total borrowings of the government.

Inequality in Income.

Real Disposable Income

The Misery Index.

Explanation:

The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.

Answer:

What is the following?

Answer: $111,000

Explanation:

Based on the selected information provided, Garret's cash flow from operating activities will be:

Cash collected from customers = $790,000

Less: Cash paid to suppliers = $380,000.

Less: Cash paid to employees = $220,000.

Less: Cash paid for store rent = $40,000.

Add: Cash received for interest and dividends = $6,000.

Less: Cash paid for income taxes = $45,000.

Total = $111000

Garret's cash flow from operating activities will be $111000

No Entry is required for the Supplies, Unearned Service Revenue, and Prepaid Rent accounts since their balances have been adjusted through the adjusting entries above.

To record the required adjusting entries related to the events mentioned, we need to consider the changes in the account balances and adjust them accordingly. Here are the adjusting entries for Sheridan Exposure Inc.:

Supplies:

Debit: Supplies Expense ($4,300 - $960) = $3,340

Credit: Supplies ($4,300 - $960) = $3,340

Explanation: The supplies on hand decreased by $960, indicating that $960 worth of supplies were used during the period. Therefore, we need to recognize the expense by debiting Supplies Expense and reduce the Supplies account balance with a credit.

Unearned Service Revenue:

Debit: Unearned Service Revenue ($9,250 - $4,100) = $5,150

Credit: Service Revenue ($9,250 - $4,100) = $5,150

Explanation: Services worth $4,100 were performed, reducing the unearned service revenue. We need to recognize the revenue by debiting the Unearned Service Revenue account and crediting the Service Revenue account.

Prepaid Rent:

Debit: Rent Expense ($40)

Credit: Prepaid Rent ($40)

Explanation: One month's worth of rent, amounting to $40, has been consumed. We need to recognize the expense by debiting Rent Expense and reduce the Prepaid Rent account balance with a credit.

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Answer: One employee approves and makes payments

Explanation: B is incorrect, its C believe me

The journal entry of Department Store for the current year ending December 31 is given below:

Journal entries are the entries made to document the transactions carried out by the company. The books of accounts have a record of every dollar that comes in and goes out. The transactions that are documented are in the book of accounts and are examined and audited for surplus payments or deficits, which are the most frequent errors to be discovered over recording, after they have been made. Below are the diary entries related to the context that are attached.

Date                    Particular                    Amount (Dr)                  Amount(Cr)

1 Dec 2005         cash                                 500                                                                                                                                                               500   2 Dec 31              cash                              798,000

                           Sales                                                                    760,000                            

                    Sales Taxes Payable                                                  38,000

                    (Being sales recorded)                            

3. Dec 10              Delivery   Truck             126,000

                               cash                                                                    126,000   4. Dec 31                 cash                              126000

                               Sales                                                                     2500  

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A bank Account Description is a type of financial account that is kept by a bank or other financial organisation and is used to record financial transactions between the bank and its clients.

To open an account, you must select a bank and give that bank the required documentation, such as identity and proof of address. Typically, in order to qualify, you must be at least 18 years old. To avoid fees, you may also need to fill the account or maintain a minimum level.

When you open a bank account, you are given a specific set of digits called a bank account number. Such numbers will be assigned by financial organisations to every account you have.

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As we go from home operation to international operations, we can potentially receive a rise in our costs, but we can also see our profits increase. This is about business expansion.

When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.

Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.

It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.

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Based on the information available for Berlin Corporation, the step - by - step income statement would be:

                                        Berlin Corporation.

                                         Income Statement

Sales Revenue                                              $592,000

Less:  Sales Return                                       $40, 000

Net Sales                                                                           $552, 000

Less : Cost of Goods sold                                                ($156, 000)

Gross Profit                                                                         $396, 000

Less Operating expenses:                                                 (186, 000)  

Income from operations                                                    $210, 000

Other Revenue /Gains                                    12, 700

Other Expenses /Losses                                 (13, 300)        ( 600 )

Income before income taxes                                              $209 ,400

Less: Income tax expense                                                    ($62, 820)

Net Income / (Loss)                                                              $146,580

An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.

The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.

To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.

In this case, you need to find the taxes to Berlin Corporation as well:

= Income before taxes x Income tax rate

= 209, 400 x 30%

= $62, 820

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The name which is given to the type of leadership which is most appropriate when major changes are needed in an organization would be transformational leadership.

According to the given question, we are asked to state the type of leadership which would be best suited when there is a need to effect major changes in an organization.

As a result of this, we can see that the name of this type of leadership is the transformational leadership as the leader pushes the workers to go beyond their self interests to see a change.

The other options are not appropriate for major changes as they are more concerned with the satisfaction of the workers rather than getting major changes.

Therefore, the correct answer is option A

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Answer:

a hands on occupation

Explanation:

I dont like sitting around

The principle of "establishing responsibilities" is violated when two clerks share the same cash register. This is because the clerks' duties and roles are not well-defined, and there is a risk of errors, fraud, and abuse.Option (A)

An internal control system is established by an organization to protect its assets, prevent fraud and errors, and ensure that accounting information is reliable and accurate. The following are the five components of an internal control system:Control environmentRisk assessmentControl activitiesInformation and communicationMonitoring of activities

When two or more people are given the same responsibility, it becomes difficult to hold any one person accountable. Because of this, the principle of "establishing responsibilities" is violated when two clerks share the same cash register. It is difficult to determine who is responsible for any discrepancies or errors that arise as a result of sharing the cash register.

To avoid this, it is advisable for each cashier to have their own cash register.The principle of "insuring assets" is also relevant in this context. However, in this case, it is not violated by sharing a cash register. Instead, it is violated when the cash register is not locked and kept in a secure location.

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The cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.

To prepare a production cost report for the Welding Department for the month of February, we need to calculate the following:

1. Equivalent units of production for materials, labor, and overhead.

2. Cost per equivalent unit for materials, labor, and overhead.

3. Total costs assigned to units transferred out and ending work in process.

4. Cost reconciliation.

Let's calculate each of these steps:

Step 1: Equivalent Units of Production

Equivalent units of production are calculated based on the percentage of completion for units in process.

For materials:

Beginning work in process: 15,000 units x 10% complete = 1,500 equivalent units

Units transferred in: 64,000 units

Ending work in process: 25,000 units x 20% complete = 5,000 equivalent units

Total equivalent units for materials: 1,500 + 64,000 + 5,000 = 70,500 equivalent units

For labor and overhead:

Since the given data does not provide the percentage of completion for labor and overhead, we assume it is the same as for materials. Therefore, the equivalent units for labor and overhead will also be 70,500 units.

Step 2: Cost per Equivalent Unit

To calculate the cost per equivalent unit, we divide the total costs by the total equivalent units.

Cost per equivalent unit for materials: $135,000 / 70,500 units = $1.91 per unit

Cost per equivalent unit for labor: $57,000 / 70,500 units = $0.81 per unit

Cost per equivalent unit for overhead: $35,100 / 70,500 units = $0.50 per unit

Step 3: Total Costs Assigned

To calculate the total costs assigned to units transferred out and ending work in process, we multiply the cost per equivalent unit by the equivalent units for each category.

For units transferred out:

Materials: 64,000 units x $1.91 per unit = $122,240

Labor: 64,000 units x $0.81 per unit = $51,840

Overhead: 64,000 units x $0.50 per unit = $32,000

For ending work in process:

Materials: 25,000 units x $1.91 per unit = $47,750

Labor: 25,000 units x $0.81 per unit = $20,250

Overhead: 25,000 units x $0.50 per unit = $12,500

Step 4: Cost Reconciliation

To reconcile the costs, we compare the total costs assigned to units transferred out and ending work in process with the beginning work in process costs.

Beginning work in process costs: $32,175

Total costs assigned to units transferred out: $122,240 + $51,840 + $32,000 = $206,080

Total costs assigned to ending work in process: $47,750 + $20,250 + $12,500 = $80,500

Total costs: $206,080 + $80,500 = $286,580

Since the total costs assigned exceed the beginning work in process costs, there may be some additional costs that need to be investigated or accounted for.

The production cost report for the Welding Department for the month of February is as follows:

------------------------------------------------------------------------

| | Equivalent Units | Cost per Equivalent Unit | Total Costs |

------------------------------------------------------------------------

| Materials | 70,500 | $1.91 | $135,000 |

| Labor | 70,500 | $0.81 | $57,000 |

| Overhead | 70,500 | $0.50 | $35, 100 |

------------------------------------------------------------------------

| Total (Transferred-out) | 64,000 | | $227,240 |

| Ending work in process | 25,000 | | $80,500 |

------------------------------------------------------------------------

| Total Costs $307,740 |

------------------------------------------------------------------------

Note that the cost reconciliation indicates a discrepancy, as the total costs assigned exceed the beginning work in process costs. This could be due to additional costs.

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The candidate with 6 months of experience shall be hired by the department for the position as an entry-level cashier.

A cashier is a professional who has expertise in managing the cash inflows and outflows of an organization and deal with the cash transactions of an organization on a daily basis.

A cashier who has 6 months of experience be more suitable for such role in the department, and will also take lesser pay than the one with 30 years of experience.

Hence, it may be concluded that the cashier with less experience will be a suitable one to be hired at the position as such.

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Managers provide for employee development, a combination of formal education, job experiences, relationships, and assessment of personality and abilities to help employees prepare for the future of their careers.

Managers are crucial in encouraging staff members to learn new things and develop their abilities over time. When employees perform the same type of task every day, their work becomes tedious. Supervisors or employees managers need to make sure their team members try something new every day. Mentoring. Senior members of your staff can mentor less-experienced workers to help them get ready to take on new challenges in their careers. Additionally, training aids in boosting retention and lowering turnover.

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When the aggregate demand curve shifts rightward, this will increase Economia's real output and the price level.

The aggregate demand curve is a curve that shows the total quantity of all goods and services demanded by the economy at different price levels. The aggregate demand curve slopes downward.

When  aggregate demand curve shifts to the right, there would be an increase in the real output and the price levels.

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Answer:

tenga pa que se entretenga

The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.

Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.

Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.

Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.

Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.

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The Department of the Treasury organizations might help you learn how to be financially literate. The correct option is (B).

The Department of the Treasury manages systems that are essential to the country's financial infrastructure, including those that produce coin and currency, distribute payments to Americans, collect taxes, and borrow money needed to sustain the federal government.

Government cash flow, debt management, and accountancy. drafting and enforcing tax and tariff legislation. Internal revenue evaluation and collection. coin and money production.

In addition to advising the President on economic and financial matters, the Department is also in charge of promoting sustainable economic growth and better financial institution governance.

Therefore, the Department of the Treasury organizations might help you learn how to be financially literate.

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The amount of tax owed for the residential property is $29.16.

1. Calculating the assessed value of the property by multiplying the property value by the assessment rate (expressed as a decimal):

Assessed value = Property value x Assessment rate

Assessed value = $162,000.00 x 0.15

Assessed value = $24,300.00

2. Calculate the taxable value of the property by dividing the assessed value by 100:

Taxable value = Assessed value / 100

Taxable value = $24,300.00 / 100

Taxable value = $243.00

3. Calculate the amount of tax owed by multiplying the taxable value by the tax rate:

Tax owed = Taxable value x Tax rate

Tax owed = $243.00 x ($12.00 / $100.00)

Tax owed = $29.16

Therefore, the amount of tax owed for the residential property is $29.16.

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Answer

$23–43per hour

Librarian

United States

$34k–78kper year

Librarian

Chicago, IL

Explanation:

Answer:

$6,240

Explanation:

annual amount of depreciation expense for each of the remaining years would be $6,240.

Please let me know if you found this answer helpful or it can be improved in any way!

Have an awesome day!

Answer:

Code           Control Plan

____D_____1. Library controls

____P_____2. Program change controls

____D_____3. Fire and water alarms

____C_____4. Fire and water insurance

____C_____5. Install batteries to provide backup for temporary loss in power

____C_____6. Backup and recovery procedures

____P_____7. Service level agreements

____C_____8. IT steering committee

____P_____9. Security officer

____P_____10. Operations run manuals

____D_____11. Rotation of duties and forced vacations

____C_____12. Fidelity bonding

____P_____13. Personnel management (supervision)

____C_____14. Personnel termination procedures

____P_____15. Segregation of duties

____D_____16. Strategic IT plan

____C_____17. Disaster recovery planning

____P_____18. Restrict entry to the computer facility through the use of employee badges, guest sign- in, and locks on computer room doors

____P_____19. Access control software

____D_____20. Personnel development controls

Explanation:

P (preventive) controls protect against errors occurring.

D (detective) controls discover errors that have already occurred.

C (corrective) controls correct errors that have already occurred.