Regulatory focus theory suggests that consumers will react differently depending on which broad set of motives is more salient. Name and describe the two prominent sets of motives and describe how consumers will react when each set of motives is more noticeable. Use a specific product or service to explain your answer.

Answers

Answer 1
Answer:

Two prominent sets of motives under regulatory focus theory are termed Promotion and prevention.

What is regulatory focus theory?

According to the regulatory focus hypothesis, people can work toward objectives with either a promotion or a preventive emphasis. People who aim for advancement interpret pleasure as the accomplishment of their aims, ambitions, and aspirations, and interpret suffering as their absence.

Motives assume that emotional trade-offs between both the coexisting motivational systems on promotion and prevention will always happen. Promotion-oriented people are opportunistic and look for real experiences as motivation to develop action-oriented objectives, which are necessary to getting outcomes.

People who have a prevention orientation are extremely optimistic and see keeping things as they are and preventing bad things from happening as their defining and overriding motives.

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Answer 2
Answer: i don’t exactly know

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Job Costing Budgeted Manufacturing Overhead Rate, Allocated Manufacturing Overhead Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2017: Budgeted manufacturing overhead costs $3,800,000 Budgeted machine-hours 200,000 Actual manufacturing overhead costs $3,660,000 Actual machine-hours 196,000 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. ​If you copy/paste from the Instructions tab you will be marked wrong. Requirements 1 Calculate the budgeted manufacturing overhead rate. 2 Calculate the manufacturing overhead allocated during 2017. 3 Calculate the amount of under- or overallocated manufacturing overhead. a. Enter your answer as a positive value.
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Cullumber Company purchases land for $185000 cash. Cullumber assumes $5200 in property taxes due on the land. The title and attorney fees totaled $3100. Cullumber has the land graded for $4100. They paid $25000 for paving of a parking lot. What amount does Cullumber record as the cost for the land?

Answers

Answer:

The answer is

$197,400.

Explanation:

The cost of acquisition of an asset (land) is the non-depreciable costs associated with the acquisition of the land, because land is considered as an asset that does not depreciate. The costs that make up the cost of acquiring a land includes the normal, reasonable and necessary expenditures associated with the land to obtain it and get it ready for use. These include the agreed upon cash price, repair and reconditioning costs, title fees, legal fees, zoning fees and survey fees. On the there are costs of improvements made on the land and this is not part of acquisition costs because these improvements depreciate with time, and they are recorded in the cost of improvement account which takes depreciation into consideration. Example of these costs include parking lots, irrigation systems etc.

Hence in this case, all the expenditures except the cost of paving a parking lot are recorded as cost of acquisition of the land, and these include:

cost of purchase         = $185,000

property taxes             = $    5,200

title and attorney fees = $    3,100

cost of grading             = $    4,100

Total                              = $197,400

On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $90,000 in cash and giving a short-term note for $50,000. Legal fees paid were $1,750, delinquent taxes assumed were $25,000, and fees paid to remove an old building from the land were $9,000. Materials salvaged from the demolition of the building were sold for $1,000. A contractor was paid $415,000 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet.

Answers

Answer:

The cost of land to be reported is $174,750

Explanation:

The cost of land reported in the Balance sheet does not only include the price paid to acquire the Land but also include any costs/revenue received in the processes, activities needed to bring the land to the stage in which it may be ready for usage.

Thus, besides the price paid which is $140,000 ( $90,000 cash and $50,000 short-term note), we have to add-up all the relevant costs including Legal fees, delinquent taxes, Removal of old building expenses and deduct the material salvaged gain from demolition of old building. The construction cost of new warehouse is irrelevant here as without this cost, the Land is already in a ready-to-use stage ( i.e: for building new property in the Land)

So, the amount of Cost of Land to be reported is : 140K + 1,75K + 25K + 9K - 1K = $174,750

Final answer:

The cost of the land to be reported on the balance sheet is $174,750.

Explanation:

To determine the cost of the land to be reported on the balance sheet, we need to add up all the costs associated with acquiring and preparing the land. In this case, the costs include the cash payment of $90,000, the short-term note of $50,000, legal fees of $1,750, delinquent taxes of $25,000, and fees paid to remove the old building of $9,000. We then subtract the salvage value of the materials sold, which is $1,000. So the total cost of the land is:

Total cost of land = Cash payment + Short-term note + Legal fees + Delinquent taxes + Fees to remove old building - Salvage value of materials

= $90,000 + $50,000 + $1,750 + $25,000 + $9,000 - $1,000 = $174,750

Therefore, the cost of the land to be reported on the balance sheet is $174,750.

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Mansfield Corporation granted 4,200 of its $2 par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $10 per share on the grant date of the restricted stock award. Ignoring taxes, what is the compensation expense pertaining to the restricted shares in the first full year after the grant?

Answers

Answer:

14,000

Explanation:

Given that,

Market value per share = 10

Shares granted = 4,200

Years of grant = 3

Total compensation expense = Market value per share × Shares granted

                                                 = 10 × 4,200

                                                 = 42,000

Compensation expense per year:

= Total compensation expense ÷ Years of grant

= 42,000 ÷ 3

= 14,000

Final answer:

The compensation expense pertaining to the restricted shares in the first full year after the grant is $14,000.

Explanation:

The compensation expense pertaining to the restricted shares in the first full year after the grant can be calculated by multiplying the number of shares granted by the fair value of the shares on the grant date. In this case, 4,200 shares were granted and the fair value was $10 per share, so the total value of the shares is $42,000.

Since the shares are subject to forfeiture if employment is terminated within three years, the compensation expense is recognized over a three-year vesting period.

Therefore, the compensation expense pertaining to the restricted shares in the first full year after the grant would be $42,000 divided by three years, which is $14,000.

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Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $41,100 cash and equipment valued at $19,100 in exchange for common stock. Purchased $180 of office supplies on credit. Paid $2,300 cash for the receptionist's salary. Sold a custom frame service and collected $5,600 cash on the sale. Completed framing services and billed the client $310. What was the balance of the cash account after these transactions were posted?

Answers

Answer:

$44,400

Explanation:

The computation of the balance of the cash account after posting of these transactions are shown below:

= Invested cash amount - cash paid for receptionist's salary + cash collection from sale of frame service

= $41,100 - $2,300 + $5,600

= $44,400

The other items do not involved any cash transactions. Therefore they are not relevant and thus they not considered in the computation part

Jan's Dry Cleaning holds $10,000 on a typical day, although only $2,000 is essential for carrying out business. Making a midday deposit is estimated to reduce cash holdings to $8,000 and cost an extra $80 per year in lost production. If, in addition, an armored car service is engaged to pick up cash more frequently for a fee of $120 per year, cash holdings will be further reduced to $6,000 per day. Employing a computerized cash management service for an annual fee of $180 would reduce cash holdings further to $4,000. If any reduction in cash holdings will be invested in government bonds earning 3 percent, then how much money should Jan's hold?

Answers

Answer: $6000

Explanation:

If holding is $10000,

Reduction in cash holding = (10000-10000) = 0  

Interest earned in government bonds=(Reduction in holdings) × 0.03 =0

Cost of deposits = 0

Additional benefit = (interest earned - cost of deposit)

Additional benefit = 0-0 = 0

Making a mid day deposit;

Reduction in cash holding = (10000-8000) = $2000

Interest earned in government bonds = Reduction in holdings × 0.03

= 2000 × 0.03 =$60

Cost of deposits=$80

Additional benefit=$60-80=-$20

Using a armored car service;

Reduction in cash holding=(10000-6000)=4000

Interest earned in government bonds= 4000 × 0.03 = $120

Cost of deposits=$120

Additional benefit=120 - 120= $0

Using computerized cash management service;

Reduction in cash holding=(10000-4000)=6000

Interest earned in government bonds;

6000 × 0.03 = $180

Cost of deposits=$180

Additional benefit=180 - 180=$0

Additional benefit is maximized in case of both computerized management service and armor vehicle . So, Optimal cash holding is $6000

The following information relates to year-end adjusting entries as of December 31, 2021. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $6,660. Six months’ of the one-year insurance policy purchased on July 1 has expired. Four months of the one-year rental agreement purchased on September 1 has expired. Of the $1,000 of office supplies purchased on July 4, $300 remains. Interest expense on the $44,000 loan obtained from the city council on August 1 should be recorded. Of the $2,100 of racing supplies purchased on December 12, $110 remains. Suzie calculates that the company owes $13,900 in income taxes.

Answers

Question Completion:

Record the adjusting entries.

Answer:

Adjusting Journal Entries:

Debit Depreciation Expense - Mountain Bikes $6,660

Credit Accumulated Depreciation - Mountain Bikes $6,660

To record depreciation expense for the period.

Debit Insurance Expense $

Credit Prepaid Insurance $

To record the insurance expense for the period.

Debit Rental Expense $

Credit Prepaid Rental $

To record the rental expense for the period.

Debit Office Supplies Expense $700

Credit Office Supplies $700

To record office supplies expense for the period.

Debit Interest Expense $

Credit Interest Expense Payable $

To record interest expense on the $44,000 loan.

Debit Racing Supplies Expense $1,990

Credit Racing Supplies $1,990

To record racing supplies expense for the period.

Debit Income Tax Expense $13,900

Credit Income Tax Payable $13,900

To record income tax expense payable.

Explanation:

Adjusting journal entries are recorded in order to present elements of financial statements based on the accrual basis and not whether cash was paid or received.

In this question, some data were not provided.  This is why some figures were not disclosed for Insurance Expense, Rental Expense, and Interest Expense.  But, the accounting treatments remain valid.  Only the figures are missing.

Final answer:

The subject of this question is Accounting. The year-end adjusting entries involve various financial transactions that need to be adjusted to reflect the company's financial position and performance. Examples include recording depreciation, recognizing expired insurance and rental agreement portions, adjusting remaining supplies and interest expense, and calculating income taxes owed.

Explanation:

The subject of this question is Accounting.

These year-end adjusting entries relate to various financial transactions such as depreciation, insurance, rental agreement, office supplies, interest expense, and racing supplies. The adjustments need to be made to accurately reflect the company's financial position and performance for the year.

Some examples of these adjustments are:

   

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