On January 1, Year 1, the Mahoney Company borrowed $324,000 cash from Sun Bank by issuing a five-year 8% term note. The principal and interest are repaid by making annual payments beginning on December 31, Year 1. The annual payment on the loan based on the present value of annuity factor would be $81,150.Which choice reflects the financial statement effects of the cash payment on December 31, Year 1? Assets=Liab.+EquityRevenue?Expense=Net Inc.Cash flowA.?=?+?NA?+=??FA/?OAB.?=?+NANA?NA=NA?FAC.?=++?NA?+=??FA/?OAD.?=?+NANA?+=??OA
A. Choice A
B. Choice B
C. Choice C
D. Choice D
Answer: A
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Baptiste Accounting Services expects its accountants to work a total of 30,000 direct labor hours per year. The company's estimated total indirect costs are $152,000. The direct labor rate is $104 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Baptiste performs a job requiring 52 hours of direct labor and bills the client using a standard markup of 40% of costs, calculate the amount of the client's bill. (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $5408 B) $216,320 C) $2269 D) $7940
Years ago Sony decided to exploit its capabilities in the design and manufacture of electronic hardware for consumer and professional use by emphasising their role as platforms to exploit complementary software (music, movies and games). Thus it acquired music recording and movie making businesses to provide complementary sources of revenue and profits. However, it licenses third party software developers to produce games compatible with PlayStation consoles. Discuss the likely reasoning behind this apparent difference of strategy.
What will be an ideal response?What will be an ideal response?
Customer satisfaction depends on many intangible factors and the emotional state induced by them.
a. True b. False
When formulating a linear programming spreadsheet model, there is one target (objective) cell that contains the value of the objective function
a. True b. False Indicate whether the statement is true or false