Answer:
11.7%
Explanation:
Calculation to determine What were the dollar-weighted rates of return
Dollar-weighted rates of return=$500,000 + $500,000/(1 + r)
Dollar-weighted rates of return= $75,000/(1 + r) + [($500,000+500,000)+(10%*$500,000+$500,000)]/(1 + r)^2
Dollar-weighted rates of return= $75,000/(1 + r) + $1,100,000/(1 + r)^2
Dollar-weighted rates of return= 11.7%;
Therefore The Dollar-weighted rates of return is 11.7%
Under variable costing, if a manager's bonus is tied to operating income, then increasing inventory levels compared to last year would result in: being unable to determine the manager's bonus using only the above information not affecting the manager's bonus increasing the manager's bonus decreasing the manager's bonus
Answer: not affecting the manager's bonus
Explanation:
Under Variable costing, fixed manufacturing overhead is not charged on inventories produced or not sold for the year which means that regardless of inventory level, the relevant inventory here when it comes to calculating operating profit is the one that was sold.
The manager's bonus will therefore not change as a result of higher inventory levels. Were this absorption costing where fixed overhead was charged to inventory that was not sold, the manager's bonus would increase because the higher inventory level would absorb more of the cost.
A Ford Mustang GT costs $75000. Assuming the price of a Ford Mustang didn't change since 1985, calculate the current(2019) price of resale for Mustangs purchased over the years, subject to variable depreciation based on Year of Purchase.
YEAR OF PURCHASE ANNUAL DEPRECIATION
1985 - 1995 $2000
1996 - 2005 $1800
2006 - 2015 $1600
2016 - Present $1400
A Mustang bought in 1997 will depreciate by $1800 annually and will resell at $33600 in 2020 or a Mustang bought in 2008 will depreciate by $1600 annually and will resell at $55800 in 2020. Create an excel sheet that asks the user the year of purchase and calculates the resale value of the car in 2020.
Answer:
Explanation:
The excel was created. The User has to enter the year that the vehicle was purchased and it will automatically calculate the resale value of the vehicle where it says "Resale Value in 2020: ". The excel sheet and proof of output is attached below.
Scott types up a will. Scott's will says upon his death all of his property goes to Ricardo. Scott signs his will before two witnesses. After drawing up the will, Scott gets into a fight with Ricardo and decides to change his will. After the fight, Scott takes a pen and crosses out Ricardo's name and writes Mike's name. Scott also has a wife, Ally. Assume the state where Scott lives does not recognize holographic wills. Upon his death, who would recover Scott's property?
a. Ricardo. The change is not a valid amendment to his will
b. Mike. The change Is a valid amendment to his will
c. Ally. The change invalidates the will and she takes through intestacy
d. The State. The attempt to change the will revokes the will and his property is given to the state,
Answer: a. Ricardo. The change is not a valid amendment to his will
Explanation:
The state they are in does not recognize holographic wills. A holographic will is one that is handwritten by the testator (Scott) and is not signed in front of witnesses or notarized.
The first will by Scott was typed and signed in front of witnesses. It is therefore recognized by the state they are in. Scott makes the correction to the will with a pen (handwritten) and does not do so in the presence of witnesses so the correction makes it holographic.
This will not be recognized by the state and so the original will is the valid will and will see Ricardo recover the property.
Jett Corp. had 600,000 shares of common stock outstanding on January 1, issued 900,000 shares on July 1, and had income applicable to common stock of $1,837,500 for the year ending December 31, 2007. Earnings per share of common stock for 2007 would be:_____.
a. $1.05.
b. $.50.
c. $.60.
d. $.70.
e. $.84.
Answer:
the earning per share is $2.45
Explanation:
The computation of the earning per share is given below;
= Net income ÷ outstanding shares
= ($1,837,500) ÷ (600,000 shares + 900,000 shares) ÷ 2
= $1,837,500 ÷ 750,000
= $2.45
hence, the earning per share is $2.45
This is the correct answer but the same is not provided in the given options
84,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,300. Using the straight-line method, the book value at December 31, 2021, would be:
Answer:
$67,860
Explanation:
Depreciation = Cost - Residual amount ÷ Useful life
= ($84,000 - $3,300) ÷ 5
= $16,140
Book Value = Cost - Accumulated depreciation
therefore,
Book Value = $84,000 - $16,140
= $67,860
thus
The book value at December 31, 2021, would be: $67,860
An increase in total assets: means that net working capital is also increasing. requires an investment in fixed assets. means that stockholders' equity must also increase. must be offset by an equal increase in liabilities and stockholders' equity. can only occur when a firm has positive net income.
Answer:
Must be offset by an equal increase in liabilities and stockholders' equity
Explanation:
Accounting Equation is stated as :
Asset = Equity + Liabilities
thus
The Left Hand Side must always equal the Right Hand Side.
therefore,
An increase in total assets: must be offset by an equal increase in liabilities and stockholders' equity.
Diego owns 1,000 shares of Carmen. If Carmen Company issues an additional 100,000 shares of common stock, how many additional shares does Diego have the opportunity to buy
Answer:
Number of additional shares Diego has the opportunity to buy is 500 shares.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Carmen Company has the following equity amounts and no dividends in arrears.
Preferred stock, $1,000 par $24 million
Common stock, $100 par $20 million
Paid-in capital in excess of par $36 million
Retained earnings $18 million
Diego owns 1,000 shares of Carmen. If Carmen Company issues an additional 100,000 shares of common stock, how many additional shares does Diego have the opportunity to buy?
a. 500 b. 1,000 c. 2,000 d. 3,000
The explanation of the answer is now given as follows:
Current number of Carmen's Common stock shares outstanding = Common stock value / Common stock par value = $20,000,000 / $100 = 200,000 shares
Current percentage of Diego ownership in Carmen = Current number of Diego;s shares / Current number of Carmen's Common stock shares outstanding = 1,000 / 200,000 = 0.005, or 0.50%
Number of additional shares Diego has the opportunity to buy = Number of additional shares Camen wants to issue * Current percentage of Diego ownership in Carmen = 100,000 * 0.50% = 500 shares
Kensignton Co., a manufacturing firm, is able to produce 1,500 pairs of socks per hour, at maximum efficiency. There are three eight-hour shifts each day. Due to unavoidable operating interruptions, production averages 800 units per hour. The plant actually operates only 27 days per month. Based on the current budget, Kennywood estimates that it will be able to sell only 504,000 units due to the entry of a competitor with aggressive marketing capabilities. But the demand is unlikely to be affected in future and will be around 515,000. Assume the month has 30 days. What is the master-budget capacity utilization level for this budget period
Answer:
515,000
Explanation:
The computation of the master-budget capacity utilization level for this budget period is shown below;
The predicted level of capacity i.e. a present budget required the master budget capacity utilization level i.e. 515,000
So as per the given situation, the same would be represented as an answer
hence, the same would be considered and relevant
Given that Jacob's Chocolates Company had beginning retained earnings of $4,000; net income during the period of $10,000; and dividends of $300 calculate the ending balance in the retained earnings account.
a. $14,300
b. $6,300
c. $13,700
Answer:
C. $13,700
Explanation:
Given that;
Beginning retained earnings = $4,000
Net income during the period = $10,000
Dividends = $300
Computation of Ending balance in the retained earnings account
= Beginning retained earnings + Net income during the period - Dividends
= $4,000 + $10,000 - $300
= $13,700
Therefore, the ending balance in the retained earnings account is $13,700
To lend more drama to the ad for a high-end cologne, the advertiser decided to print the ad on high-quality paper stock and ship the finished ad to the publisher to get it placed into Professional Woman Today magazine at a special price. This type of ad is known as a(n)
Answer:
insert
Explanation:
From the question we are informed about a scenerio involving lending more drama to the ad for a high-end cologne, the advertiser decided to print the ad on high-quality paper stock and ship the finished ad to the publisher to get it placed into Professional Woman Today magazine at a special price. In this case, This type of ad is known as insert. As regards advertisement, an insert can also be regarded as blow-in card which is known to be a separate advertisement that is been embedded in a magazine or some publication or
newspaper. It usually serve as main source of income in which a non-subscription local newspapers could depend on. On Sundays newspapers usually have numerous large inserts, as a result of commencement of most weekly sales which do takes place on Sunday
ABC Inc needs to raise $111 million to expand operations. The CFO plans to sell 15-year zero-coupon bonds to fund the project. Bonds of similar maturity and risk are priced by the market to yield a 4.2% semiannual APR. What total face value of bonds must be sold to raise the cash?
Answer:
$207.06 million
Explanation:
First and foremost, it should be borne in mind that the price of a zero-coupon bond is the present value of its face value since the bond does not pay any coupons over its tenor as shown thus:
PV of bonds=FV/(1+i)^n
PV of bonds=amount required=$111 million
FV=face value=the unknown
i=semiannual yield = 4.2%/2=2.1%
n=number of semiannual periods in 15 years=15*2=30
$111=FV/(1+2.1%)^30
FV=$111*(1+2.1%)^30
FV=$207.06 million
Use the following Balance Sheet and Income Statement data of Bronson Corporation to calculate its debt to total assets ratio as of December 31, 2017:
Current assets $9,000 Net income $70,000
Current liabilities 4,000 Common stock 10,000
Average assets 28,000 Total liabilities 6,000
Total assets 30,000 Retained earnings 20,000
Write your response rounded to the nearest whole number only.
Answer:
20 %
Explanation:
The Debt to Total Assets ratio is used to measure financial risk, the higher the ratio the more financial risk there is.
Debt to Total Assets ratio = Total debt / Total Assets x 100
therefore,
Debt to Total Assets ratio = $6,000 / $30,000 x 100 = 20 %
thus,
The debt to total assets ratio as of December 31, 2017: 20 %
help asap please:)))!!!
Answer:
number 4
Explanation:
i used a calculator
The Baldwin company will continue to train their existing workforce at their current level to help reduce turnover and improve productivity next year. Employee training costs have increased to $30 per hour. How much would their training costs per employee be to the nearest dollar
Answer:
$ 1200
Explanation:
In the question, the total training hour is not given. Let us assume that the total training hour be 40 hours.
Given :
The cost of training an employee = $ 30 per hour
Therefore, training cost of each employee will be = training cost per hour x total number of training hours.
= $ 30 x 40
= $ 1200
Therefore, the training cost of each employee is $ 1200
Alberton Electronics makes inexpensive GPS navigation devices and uses a normal cost system that applies overhead based on machine hours. The following current year budgeted data are available:
Variable factory overhead at 100,000 machine hours $2,750,000
Variable factory overhead at 150,000 machine hours 4,125,000
Fixed factory overhead at all levels between 10,000 and 180,000 machine hours 3,168,000
Practical capacity is 180,000 machine hours; expected capacity is two-thirds of practical.
Required:
a. What is Alberton Electronics’ predetermined VOH rate?
b. What is the predetermined FOH rate using practical capacity?
c. What is the predetermined FOH rate using expected capacity?
d. During 2013, the firm records 110,000 machine hours and $2,710,000 of overhead costs. How much variable overhead is applied? How much fixed overhead is applied using the rate found in (b)? How much fixed overhead is applied using the rate found in (c)? Calculate the total under- or overapplied overhead for 2013 using both fixed OH rates.
Answer:
Alberton Electronics
a. Alberton Electronics' predetermined VOH rate = $27.50 ($1,375,000/50,000)
b. The predetermined FOH rate using practical capacity = $17.60 ($3,168,000/180,000)
c. The predetermined FOH rate using expected capacity = $26.40 ($3,168,000/120,000)
d. Variable overhead applied = $3,025,000 (110,000 * $27.50)
Fixed overhead applied using $17.60 FOH rate = $1,936,000 (110,000 * $17.60)
Fixed overhead applied using $26.40 FOB rate = $2,904,000 (110,000 * $26.40)
The Total under-or applied overhead for 2013:
a) Overapplied overhead = $2,251,000 ($4,961,000 - $2,710,000)
b) Overapplied overhead = $3,219,000
Explanation:
a) Data and Calculations:
Variable factory overhead at 100,000 machine hours $2,750,000
Variable factory overhead at 150,000 machine hours 4,125,000
Difference = 50,000 machine hours and $1,375,000
Variable overhead rate = $1,375,000/50,000 = $27.50
Fixed factory overhead between 10,000 and 180,000 machine hours = $3,168,000
Practical capacity = 180,000
Expected capacity = 120,000 (180,000 * 2/3)
a. Alberton Electronics' predetermined VOH rate = $27.50 ($1,375,000/50,000)
b. The predetermined FOH rate using practical capacity = $17.60 ($3,168,000/180,000)
c. The predetermined FOH rate using expected capacity = $26.40 ($3,168,000/120,000)
d. Variable overhead applied = $3,025,000 (110,000 * $27.50)
Fixed overhead applied using $17.60 FOH rate = $1,936,000 (110,000 * $17.60)
Fixed overhead applied using $26.40 FOB rate = $2,904,000 (110,000 * $26.40)
The Total under-or applied overhead for 2013:
a) Total overhead applied = $4,961,000 ($3,025,000 + $1,936,000)
Overapplied overhead = $2,251,000 ($4,961,000 - $2,710,000)
b) Total overhead applied = $5,929,000 ($3,025,000 + $2,904,000)
Overapplied overhead = $3,219,000 ($5,929,000 - $2,710,000)
Ambassador Corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few years. The firm does not expect any change in its earnings or dividends for the next several years. The stock is currently selling at $46.88. If the required rate of return is 16 percent, what is the dividend paid by this company
Answer:
$7.50
Explanation:
According to the scenario, computation of the given data are as follows,
Price of stock = $46.88
Required rate = 16%
So, we can calculate the dividend by using following formula,
Dividend = Price of stock × Required rate
By putting the value, we get
Dividend = $46.88 × 16%
= $7.50
Hence, dividend paid by this company is $7.50.
McCullen owns an advertising firm in the heart of the city. One of the managers in the organization complains of his team member spending
several hours checking personal emails every day in the morning. What can McCullen do in such a case?
O A fire the employee after providing an explanation
OB. direct the employee to the IT policy, which allows personal use of the Internet for a limited time
OC. disconnect the employee's Internet service from his office computer
OD. ignore the complaint and let the employee access the Internet at work
Answer:
B
Explanation:
You lend $5,000 to a friend for one year at a nominal interest rate of 10%. Inflation during that year is 5%. As a result, you will receive ________ at the end of the year, but that money has a purchasing power of ________. Group of answer choices $6,000; $5,500 $5,100; $5,050 $5,050; $5,025 $5,500; $5,250
The maintenance cost of a production machine is $200 in the first year, which will increase by $200 each year thereafter (i.e., $400 in the 2nd year, $600 in the 3rd year, $800 in the 4th year, and so on). The machine is used for 10 years. The equivalent uniform annual cost for the maintenance of the machine at an interest rate of 5% is closest to:
Answer:
B. $820
Explanation:
Options are "A. $935 B. $820 C. $420 D. $1,020 E. $949.56"
Present worth = [$200(P/A, 5%,9) + $200(P/G, 5%,9)(P/F, 5%,1)]
Present worth = $200*(7.108) + $200(26.127)(0.9524)]
Present worth = $200(33.235) * (0.9524)
Present worth = $6,647 * 0.9524
Present worth = $6330.6028
Present worth = $6,330.60
Equivalent uniform annual cost = Present worth (A/P, 5%,10)
Equivalent uniform annual cost = $6,330.60 (0.1295)
Equivalent uniform annual cost = $819.8130626
Equivalent uniform annual cost = $820
An investor buys 100 shares of stock selling at $50 per share using a margin of 50%. The stock pays its annual dividends of $1.00 per share in 3 months. A margin loan can be obtained at an annual interest cost of 7.75%. Determine what return on invested capital the investor will realize if the stock price increases to $60 within six months
Answer:
The return on invested capital the investor will realize is 40.125%
Explanation:
First calculate the equity and borrowed fund investment
Equity investment = 100 shares x $50 x 50% = $2,500
Borrowed investment = 100 shares x $50 x 50% = $2,500
Now calculate the dividend and interest value
Dividend = 100 shares x $1 per share = $100
Interest paid = $2,500 x 7.75% x 6/12 = 96.875
Now calculate the price appreciation
Price apreciation = 100 Shares x ( $60 per share - $50 per share = $1,000
Now use the following formula to calculate the return on investment
Return on investment = ( Dividend - Interest payment + Price apprecaition ) / Equity Investment
Return on investment = ( $100 - $96.875 + $1,000 ) / $2,500
Return on investment = $1,003.125 / $2,500
Return on investment = 0.40125
Return on investment = 40.125%
Why south African post office taking private courier companies to court
Answer:
the south Africa post office (SAPO)
On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $77 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $72 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $93 million.
As part of the multistep approach to record the 2022 transaction Jefferson Corporation should next take the second step of:________
a. Reversing total accumulated unrealized holding gains of $25 milion.
b. Reversing total accumulated unrealized holding gains of $18 milion
c. Reversing total accumulated unrealized holding gains of S7 million
d. Reversing total accumulated unrealized holding gains of $11 milion
Answer:
a
Explanation:
You are planning to make monthly deposits of $500 into a retirement account that pays 6 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 40 years
Answer:
$995,745
Explanation:
PV = $0
PMT = $500
I/YR = 6
P/YR = 12
N = 40 x 12 = 480
your retirement account be in 40 years will be $995,745
which of the following is true about the ethics line
Answer: All of the above
Explanation:
The options include:
a. It's available 24 hours a day, 7 days a week.
b. All reports are handled in a highly confidential manner.
c. You do not have to identify yourself on the call.
d. All of the above.
An ethics line refers to the anonymous on-line system which can be used by an employee to report bad behavior or something unethical or illegal.
Ethics line are typically available 24 hours a day, 7 days a week and reports made are confidential. Therefore, the correct option is "All of the above".
"S Company reported net income for 2021 in the amount of $460,000. The company's financial statements also included the following: Increase in accounts receivable $ 75,000 Decrease in inventory 62,000 Increase in accounts payable 230,000 Depreciation expense 103,000 Gain on sale of land 147,000 What is net cash provided by operating activities under the indirect method?"
Answer:
$633,000
Explanation:
Calculation to determine net cash provided by operating activities under the indirect method
Using this formula
Net cash provided by operating activities=Net income-(+Increase in accounts receivable)-(-Decrease in inventory )+Increase in accounts payable+Depreciation expense -Gain on sale of land
Let plug in the formula
Net cash provided by operating activities=$460,000 -(+$75,000)-(-$62,000) + $230,000 +$103,000 - $147,000
Net cash provided by operating activities=$633,000
Therefore net cash provided by operating activities under the indirect method is $633,000
g The perfectly competitive firm's supply curve: Group of answer choices coincides with its perfectly elastic demand curve. is the firm's average total cost curve above the shutdown point. is perfectly inelastic at the market price. is the firm's marginal cost curve above the minimum point on the AVC curve.
Answer:
is the firm's marginal cost curve above the minimum point on the AVC curve.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of supply states that the higher the price of goods and services, the lower the supply.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
Hence, a perfectly competitive firm's supply curve is the firm's marginal cost (MC) curve above the minimum point on the average variable cost (AVC) curve.
Administrative Management Group of answer choices emphasizes perspective of senior managers and that management, as a profession, can be taught. applied scientific methods to analyze work and determine how best to complete production tasks in an efficient manner in order to improve production efficiency. structured, formal network of relationships among specialized positions; rules and regulations to standardize behavior and; authority resides in positions not individuals; therefore organizations will realize efficiency and success by following established unbiased rules. build internal procedures and processes into operations to improve coordination efforts. was the first approach to emphasize informal work relationships and worker satisfaction.
Answer:
The correct answer is the first option: Emphasizes perspective of senior managers and that management, as a profession, can be taught.
Explanation:
To begin with, the term known as "Administrative Management" refers to the discipline whose main purpose is to focus in the efficient and effective organization of people, information and procedures inside the entity that will all lead to the completion of the tasks that are needed to be done in order to achieve the termination of the product or service that organization produces. This particular approach seeks for the employers to achieve the field in where the understand all the contents necessary to analyze what is happening around the organization and be able to work with that as good as possible.
Which structure is used to supply customers (often other MNEs) in a coordinated and consistent way across various countries
Answer:
Global account structure.
Explanation:
Global account structure can be regarded as structure that enables the account that has been globally standardised or having compatible products as well as services in various locations at internationally level. Global Account Management enables Global account managers to navigate along with their teams the internal as well as external challenges. It should be noted that structure used to supply customers (often other MNEs) in a coordinated and consistent way across various countries is Global account structure.
Menlove Corporation has provided the following cost data for last year when 100,000 units were produced and sold:
Raw materials $200,000
Direct labor 100,000
Manufacturing overhead 200,000
Selling and administrative expense 150,000
All costs are variable except for $100,000 of manufacturing overhead and $100,000 of selling and administrative expense. If the selling price is $10 per unit, the net operating income from producing and selling 110,000 units would be:
a. $450,000
b. $385,000.
c. $405,000.
d. $605,000
Answer:
Net operating income= $405,000
Explanation:
First, we need to calculate the unitary variable cost:
Total variable cost= 650,000 - 100,000 - 100,000= $450,000
Unitary variable cost= 450,000 / 100,000
Unitary variable cost= $4.5
Total fixed cost= 100,000 + 100,000= $200,000
Now, the net operating income for 110,000 units:
Sales= 10*110,000= 1,100,000
Total variable cost= 110,000*4.5= (495,000)
Total contribution margin= 605,000
Total fixed cost= 200,000
Net operating income= $405,000
10 POINTS!! FINANCE
What do statistics show about most Americans’ financial management?
Statistics show that 46% of Americans couldn’t come up with at least $400 in an emergency and 60% will face an emergency in less than 12 months.