5. Firm Q is about to engage in a transaction with the following cash flows over a three-year period: Year 0 Year 1 Year 2 Revenue Received $10,000 $12,500 $18,000 Deductible expenses (3,400 (5,000 (7,000 Nondeductible expenses (800 (1,100 -0- If the firm’s marginal tax rate over the three-year period is 35% and its discount rate is 10%, compute the net present value of the transaction.

Answers

Answer 1

Answer: $12,830.91‬

Explanation:

Year 0

Net Cash = Revenue - Expenses - Tax

Tax = (Revenue - Deductible expenses) * tax rate

= ( 10,000 - 3,400) * 0.35

= $2,310‬

Net Cash = 10,000 - 3,400 - 800 - 2,310

= $3,490‬

Present Value is the same as this is Year 0.

Year 1

Tax = (Revenue - Deductible expenses) * tax rate

= ( 12,500 - 5,000) * 0.35

= $2,625

Net Cash = 12,500 - 5,000 - 1,100 - 2,625

= $3,775‬

Present Value is;

= 3,775 / ( 1 + 10%)

= $3,431.82

Year 2

Tax = (Revenue - Deductible expenses) * tax rate

= ( 18,000 - 7,000) * 0.35

= $3,850‬

Net Cash = 18,000 - 7,000 - 0 - 3,850‬

= $7,150

Present Value is;

= 7,150 / ( 1 + 10%) ^ 2

= $5,909.09

Net Present Value = PV0 + PV1 + PV2

= 3,490‬ + 3,431.82 + 5,909.09

= $12,830.91‬


Related Questions

The Coca-cola company reported its 1Q-2014 results on or before April 12,204
a. True
b. False

Answers

This is true I believe

Cyber Security Systems had sales of 3,300 units at $65 per unit last year. The marketing manager projects a 20 percent increase in unit volume sales this year with a 40 percent price increase. Returned merchandise will represent 10 percent of total sales. What is your net dollar sales projection for this year?

Answers

Answer:

$324,324

Explanation:

Next year projected sales = 3300 * ( 1 + 0.20)

= 3300 * 1.20

= 3960 units

Next year price = 55 * (1+0.40)

= 65 * 1.40

= $91

Total sales = 3960 * $91

Total sales = $360,360

Sales return = $360,360  * 10%  = $36,036

Net sales = Total sales - Sales Return

Net sales = $360,360 - $36,036

Net sales = $324,324

14. The Martins used records of their past expenditures to complete their budget
sheet for the upcoming new year. If their average monthly living expenses are
$912, their fixed monthly expenses averaged $1,457, and their annual expenses
are $3,078, what amount should they expect to spend monthly?

Answers

Answer:

Expected monthly expenses = $2369

Given:

Average monthly living expenses = $912

Fixed monthly expenses = $1,457

Annual expenses = $3,078

Find:

Expected monthly expenses

Computation:

Expected monthly expenses = Average monthly living expenses + Fixed monthly expenses

Expected monthly expenses = $912 + $1457

Expected monthly expenses = $2369

What would be a government controlled sector of the economy.

Answers

Public sector, portion of the economy composed of all levels of government and government-controlled enterprises. It does not include private companies, voluntary organizations, and households.

What is something an escrow agent should never do?
a) Receive money from lenders.
b) Offer legal advice.
c) Obtain title insurance.
d) Prepare closing documents.

Answers

Answer: Obtain title insurance

Explanation:

An escrow agent is someone who is trusted and holds property for third parties in case there's a ongoing disagreement that's being settled or in case whereby a transaction is being finalized and this role is usually performed by an attorney

An escrow agent can:

• Receive money from lenders.

• Offer legal advice.

• Prepare closing documents.

Therefore, an escrow agent should not obtain title insurance.

For 2019, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company has $20,500 of total invested capital, the weighted average cost of that capital (the WACC) was 11%, and the federal-plus-state income tax rate was 25%. What was the firm's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during 2019

Answers

Answer:

Economic Value Added (EVA) = $2,620

Explanation:

WACC = 11%

Capital = $20,500

Sales = $11,500

Operating cost = $5,000

Tax rate = 25%

EBIT = Sales - Operating cost

EBIT = $11,500 - $5,000

EBIT = $6,500

Economic Value Added (EVA) = EBIT (1 - T) - (WACC * Capital)

Economic Value Added (EVA) = 6,500*( 1 - 0.25) - (0.11 * $20,500)

Economic Value Added (EVA) = $4,875 - $2,255

Economic Value Added (EVA) = $2,620

Why do companies use predetermined overhead rates rather than actual manufacturing overhaed costs to apply overhead to job?

Answers

Answer:

to avoid delaying the product costing exercise.

Explanation:

The actual overhead costs are usually not readily available when costing a product. Waiting for the actual costs would delay the product costing exercise, thus a company uses estimates (predetermined overhead rates) and later adjust for the over or under - application when actual information is available.

A company rents office space for $10,000. The company hasn’t yet recorded payment as an expense in the financial statements because it hasn’t started using the premises.

Answers

what is the question?

1. Sid bought a new $1,500,000 seven-year class asset on August 2, 2020. On December 2, 2020, he purchased $900,000 of used five-year class assets. If Sid elects Sec. 179 and does not take additional first-year depreciation, what is the maximum cost recovery deduction for these purchases for 2020

Answers

Answer:

Total cost recovery deduction = 1251450

Explanation:

Given the seven-year class asset bought by the Sid = $1500000

On 2nd December the five-year class asset bought = $900000

Now we have to find the cost recovery deduction for 2020.

900000/(900000 + 1500000) = 37.5% Thus, use half-year convention and avoid mid quarter

1500000 – 1,000,000 (Sec 179 limit) = 500000

500000 x 14.29% = 71450

900,000 x 20% = 180,000

1,000,000 + 71450 + 180,000

Cost recovery for 7 year asset = 1,071450

Cost recovery 5  year asset = 180000

Total cost recovery deduction = 1251450

If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $12,000. Tax Deductions Donations to church and other charities $6,180 Medical and dental expenses exceeding 10 percent of adjusted gross income 2,660 State income tax 4,820

Answers

Answer:

To determine whether she should use schedule A or standard deduction, we should add qualifying itemized deductions and should compare total standard deduction .

Therefore, Total itemized deductions = Donations + Medical and dental expenses + State income + Job expenses

Substitution of given values

Total itemized deductions = $1,200 + $6,180 + $2,660 + $4,820

Total itemized deductions = $14,860

Conclusion: in this case total itemized deduction of $14,860 is more than standard deduction of $12000 . So, Lola Harper should use schedule A compared to standard deduction.

Clarence draws detailed plans for highways and bridges. His job is best described as one focused on . Denise assembles roofing materials on new buildings. Her job is best described as one focused on .

Answers

Answer:

Clarence: architecture

Denise: construction

Explanation:

just finished the question.

Answer:

Clarence wants to be an architect and Denise wants to be a construction worker.

Explanation:

Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,620 Cost of goods sold 4,240 Depreciation 355 Earnings before interest and taxes $ 2,025 Interest paid 30 Taxable income $ 1,995 Taxes 698 Net income $ 1,297 Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 2016 2017 Cash $ 110 $ 215 Accounts payable $ 1,540 $ 1,885 Accounts rec. 990 830 Long-term debt 810 610 Inventory 1,680 2,070 Common stock 3,240 3,080 Total $ 2,780 $ 3,115 Retained earnings 880 1,130 Net fixed assets 3,690 3,590 Total assets $ 6,470 $ 6,705 Total liab. & equity $ 6,470 $ 6,705 What is the equity multiplier for 2017? Multiple Choice 1.59 times 2.08 times 2.18 times 1.02 times .53 times

Answers

Answer:

1.59 times

Explanation:

Average total assets = Beginning total assets + Ending Total assets / 2

Average total assets = 6,470 + 6,705 / 2

Average total assets =  $6,587.5

Beginning Total equity = Common stock + Retained earnings

Beginning Total equity =  $3,240 + $3,080

Beginning Total equity = $6,320

Ending Total equity = Common stock + Retained earnings

Ending Total equity= $880 + $1,130  

Ending Total equity = $2,010

Average total equity = Beginning Total equity + Ending Total equity / 2

Average total equity = $6,320 + $2,010 / 2

Average total equity = $4,165

Equity multiplier for 2017 =  Average total assets / Average total equity

Equity multiplier for 2017 = $6,587.5 / $4,165  

Equity multiplier for 2017 =  1.581632653061224

Equity multiplier for 2017 =  1.5816 times

uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amounted to and ​, respectively. During the​ year, the company did not issue any common​ stock, but it distributed dividends of . Calculate​ Dynamic's net income for the year.

Answers

Answer: $20,000

Explanation:

Net Income is the amount from revenue that the company made over expenses. It is therefore;

= Revenue - Expenses

= 110,000 - 90,000

= $20,000

Note: Dividends are not considered in the calculation of Net Income as they are not expenses.

Alumbat Corporation has $800,000 in debt outstanding, and pays an interest rate of 10 percent annually on its bank loan. Alumbat's annual sales are $3,200,000, its average tax rate is 40 percent, and its net profit margin on sales is 6 percent. If the company does not maintain a TIE ratio of at least 4 times, its bank will refuse to renew its loan, and bankruptcy will result. Alumbat's current times interest earned ratio is:

Answers

Answer: 5.0

Explanation:

Times interest earned ratio = Earnings before Interest and Tax / interest

Interest = 800,000 * 10%

= $80,000

Net Income = 6% of sales

= 6% * 3,200,000

= $192,000

Taxes are accounted for already so to get the taxable income;

Earnings before tax = 192,000 / ( 1 - Tax rate)

= 192,000 / ( 1 - 0.4)

= $320,000

Earnings before Interest and Tax = 320,000 + 80,000

= $400,000

Times interest earned ratio = 400,000/80,000

= 5.0

The W-4 tax form is used to ___________.

Answers

Answer:

Employees fill out a W-4 form to let employers know how much tax to withhold from their paycheck based on filing status, dependents, anticipated tax credits and deductions, etc. If you don't fill it out correctly, you may end up owing taxes when you file your return.

Explanation:

The form of W-4 tax is used to report to the employers about how much amount he/ she has to retained from his/her remuneration or paycheck.

What is a tax return?

A tax return is a document being filed by all the taxpayers to the tax authorities on yearly basis. They have to specify all the details of their incomes earned in a year in that form.

W-4 tax form is one of the being submitted by the employee stating all the details of their incomes, applicable exemptions, credits, etc. to the employer. This should be done to inform the employer about what amount he/she has to withheld from their final monthly paycheck. In case the employee fails to file the form on time, then he/she has to give more taxes.

Therefore, the W-4 tax form is actually the withholding certificate filed by the employee to the employer.

Learn more about withholding in the related link:

https://brainly.com/question/2890993

#SPJ6

Under The Factoring Arrangement, The Factor  

Answers

Answer:

Hope this may help you

Consumer tastes and Preferences:Diets Promote Low Car Craze(low carbohydratefood). What happens to the demand for pasta (a high carb food)?

Answers

Answer

Are there any answer choices

Explanation:

Dave is working on some paperwork for his boss. The company has reported that their estimated indirect labor costs for the year are going to be $130,000, while the direct labor costs for the year will be $200,000. The estimated overhead costs for the year are expected to be $156,000. If overhead is applied based on direct labor cost, what is the predetermined overhead rate for the company?

Answers

Answer:

Predetermined manufacturing overhead rate= $1.28 per direct labor dollar

Explanation:

Giving the following information:

Direct labor costs= $200,000.

The estimated overhead costs for the year are expected to be $156,000.

To calculate the predetermined overhead rate, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 200,000/156,000

Predetermined manufacturing overhead rate= $1.28 per direct labor dollar

Select the correct answer. Adalyn wants to find a job in Education and Training. She has excellent analytical thinking and leadership skills, but she does not want to work directly with students. Which career would be the best option for her? A. curriculum developer B. high school teacher C. school counselor D. speech-language pathologist

Answers

Answer:

Curriculum

becasue it is the only job where she does not interact with students.

Answer:

A curriculum because  

5. Suppose Hillard Manufacturing sold an issue of bonds with a 12-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments. Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 5%. At what price would the bonds sell

Answers

Answer:

Price of bonds = $1,389.73  

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The value of bond for Hillard  can be worked out as follows:

Step 1  

Calculate the PV of interest payments

Semi annual interest payment

= 10% × 1,000 × 1/2 =50

PV of interest payment

A ×(1- (1+r)^(-n))/r

r- semi-annual yield = 5%/2 = 2.5%

n- 10× 2 = 20.

Note that the bonds now have 10 years to maturity because it was issued 2 years ago

PV on interest = 50 × (1-(1.025^(-20)/0.0425 = 779.45

Step 2

PV of redemption Value

PV = $1,000 × (1.025)^(-20) =   610.27

Step 3

Price of bond

=  779.45+  610.27 =  $1,389.73

Price of bonds = $1,389.73  

Debt management ratios measure the extent to which a firm uses financial leverage and the degree of safety afforded to creditors . They include the: (1) Debt-to-capital ratio, (2) Times interest earned ratio (TIE), and (3) EBITDA coverage ratio. The first ratio analyzes debt by looking at the firm's balance sheet , while the last two ratios analyze debt by looking at the firm's income statement . The debt-to-capital ratio measures the percentage of funds provided by -Select- . Its equation is:

Answers

Answer:

Provided by total capital, which is equal to interest bearing debt in favor of the company, plus stockholder's equity like preferred stock and common stock.

The debt-to-capital ratio formula is:

Debt-to-Capital Ratio = Total Liabitilies / Total Capital

If the company does not have any interest bearing debt in its favor, then, the formula can be written as:

Debt-to-Capital Ratio = Total Liabilities / Stockholder's Equity

Exercise 2-54 (Static) Gross Margin and Contribution Margin Income Statements (LO 2-7) The following data are from the accounting records of Niles Castings for year 2. Units produced and sold 85,000 Total revenues and costs Sales revenue $ 264,000 Direct materials costs 68,000 Direct labor costs 34,000 Variable manufacturing overhead 17,000 Fixed manufacturing overhead 44,000 Variable marketing and administrative costs 13,600 Fixed marketing and administrative costs 32,000 Required: a. Prepare a gross margin income statement. b. Prepare a contribution margin income statement.

Answers

Answer:

a. Prepare a gross margin income statement.

Sales revenue                                                    $264,000

Less Cost of Goods Sold

Cost of Goods Manufactured                            ($163,000)

Gross Profit                                                          $101,000

Less Expenses :

Variable marketing and administrative costs    ($13,600)

Fixed marketing and administrative costs        ($32,000)

Net Income/ (Loss)                                               $55,400

b. Prepare a contribution margin income statement.

Sales revenue                                                      $264,000

Less Cost of Goods Sold

Cost of Goods Manufactured                             ($119,000)

Contribution                                                         $145,000

Less Expenses :

Fixed manufacturing overhead                          ($44,000)

Variable marketing and administrative costs    ($13,600)

Fixed marketing and administrative costs        ($32,000)

Net Income/ (Loss)                                               $55,400

Explanation:

Manufacturing Costs Schedule - Absorption Costing

Direct materials                                                 $68,000

Direct labor                                                        $34,000

Variable manufacturing overhead                    $17,000

Fixed manufacturing overhead                        $44,000

Total Manufacturing Costs                              $163,000

This is the costs of sales for gross margin income statement.

Manufacturing Costs Schedule - Variable Costing

Direct materials                                                 $68,000

Direct labor                                                        $34,000

Variable manufacturing overhead                    $17,000

Total Manufacturing Costs                              $119,000

This is the cost of sales for contribution margin income statement.

The minimum acceptable expected rate of return on a project of a specific risk is the:________
A. project cost of capital.
B. company cost of capital.
C. risk-free rate of return.
D. project beta times market risk premium.

Answers

Answer: A. project cost of capital.

Explanation:

The project cost of capital is the minimum expected rate of project given the type of risk that is attached to it.

When a project is of a certain risk, the company will need a certain rate of return to compensate it for that risk.

This rate is the cost of capital and it is usually based on the company's Weighted Average Cost of Capital (WACC) which measure the cost the company incurs when using equity and debt to raise capital.  

The project cost of capital will be a rate that compensates the company enough to enable it compensate its capital providers.

Which item are mis-categorized balance sheet?
Balance Sheet
Liabilities
A. Accounts Payable
B. Prepaid expenses
C. Accounts Receivable
D. Accrued expenses
E. Unearned revenue
F. Long-term debt
1. A
2. B
3. C
4. D
5. E
6. F

Answers

Answer:

B and C are mis-categorized balance sheet.

Explanation:

A. Accounts Payable: Accounts payable refers to amounts that are due to be paid by a company to vendors or suppliers of goods or services received without making payments yet. This is a liability item and the categorization is correct.

B. Prepaid expenses: These are advanced payments made by a company for commodities yet to receive. This is an asset item and the categorization is not correct.

C. Accounts Receivable: These refers to amounts that are owed to a company by its debtors for goods or services supplied to them for which they are yet to pay for. This is an asset item and the categorization is not correct.

D. Accrued expenses: These refers to expenses that have been incurred by a company but which the company is yet to pay for. This is a liability item and the categorization is correct.

E. Unearned revenue: This refers to advanced payment received by a company in respect of goods it is yet to deliver or services it is yet to render. This is a liability item and the categorization is correct.

F. Long-term debt: This refers to the amount of of outstanding debt of business with a maturity of 12 months or longer. This is a liability item and the categorization is correct.

Conclusion

Only B and C are mis-categorized balance sheet. The reason is that they are both asset items, current assets to be specific, not liability items.

What is the correct entry for a $100 purchase of supplies on credit?
a) Debit Cash: $100 & Credit Supplies: $100
b) Debit Accounts Payable: $100 & Credit Cash: $100
c) Debit Supplies: $100 & Credit Accounts Payable: $100 Debit Accounts Payable: $100 & Credit Supplies: $100
d) Debit Accounts Receivable: $100 & Credit Cash: $100

Answers

the correct answer to this problem is c

The entry will include Debit Supplies for $100 and Credit Accounts Payable for $100.

A purchase of supplies on credit will be treated as Account payable under journal entry because you are the Debtor will $100 for supplier who is the Creditor.

Thus, the journal entry is recorded as below.

Date  Account & Explanation     Debit    Credit

         Supplies                             $100

               Account payable                       $100

          (Being a record to record purchase credit)

See similar solution here

brainly.com/question/20388725

Gatwick Ltd. has after tax profits (net income) of $500,000 and no debt. The owners have a $6 million investment in the business. If they borrow $2 million at 10% and use it to retire stock, how will the return on their investment (equity) change if earnings before interest and taxes remains the same

Answers

Answer:

Return on equity would increase from 8.33%  to 9.50%

Explanation:

The tax rate of 40% is missing from the question.

Return on equity prior to share repurchase=$500,000/$6,000,000

Return on equity prior to share repurchase=8.33%

With the issue of debt finance of $2,000,000, the after-tax interest expense is computed thus:

after-tax interest expense=$2,000,000*10%*(1-40%)=120000

adjusted net income=$500,000-$120,000=$380,000

new common stock=$6,000,000-$2,000,000=$4,000,000

adjusted return on equity=$380,000/$4,000,000=9.50%

Comprehensive CVP analysis "I’ll never understand this accounting stuff," Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we’d make $9,848. But this income statement shows an operating income of $11,615! How can I ever make plans if I can’t predict my income? I’m going to give Janice one last chance to explain this to me," he declared as he picked up the phone to call Janice Miller, his accountant.

Answers

Answer:

The problem with Blake's reasoning is that he believes that all costs are variable, and that is not true. In order to predict future profits, he divided $6,565 by 2,000 stuffed mascots = $3.2825 profit per stuffed mascot sold. But when sales increased to 3,000 units, the profits increased much more.

This happens because some costs are variable and change directly with the number of units sold, while others are fixed and remain the same regardless of the number of units sold.

The question is incomplete, the accounts are missing, so I looked for them:

February March

Sales revenue $25,000 $37,500

Cost of goods sold 10,000 15,000

Gross profit 15,000 22,500

Rent expense 1,500 1,500

Wages expense 3,500 5,000

Shipping expense 1,100 1,650

Utilities expense 750 750

Advertising expense 1,000 1,400

Insurance expense 585 585

Operating income $6,565 $11,615

The income statement using the contribution margin format would be as follows:

Income Statement              Year 1                  Year 2

Sales revenue            $25,000         $37,500

Variable costs:

Cost of goods sold   $10,000         $15,000 Wages expense*     $3,000          $4,500 Shipping expense       $1,100           $1,650 Advertising expense*   $800           $1,200

Contribution margin           $10,100                $15,150

Period costs:

Wages expense*        $500             $500 Advertising expense*   $200             $200 Rent expense              $1,500           $1,500 Insurance expense       $585             $585 Utilities expense        $750             $750

Net income                         $6,565                 $11,615

*high low cost method for wages expense and advertisement expense:

variable wages expense = ($5,000 - $3,500) / (3,000 - 2,000) = $1.50 per unit

fixed wages expense = $5,000 - (3,000 x $1.50) = $500

variable advertising expense = ($1,400 - $1,000) / (3,000 - 2,000) = $0.40 per unit

fixed advertising expense = $1,400 - (3,000 x $0.40) = $200

Discuss and Implement the Customer Value-Driven Marketing Strategy in current market of Pakistan. Apply each concept with 3 examples. (200 words )
subject marketing.

Answers

Answer:

haha and healthy

If a family spends its entire budget in a given time frame, the family can afford either 90 cans of soup or 60 frozen dinners. Assuming the family spends its entire budget on just these two goods, what is the opportunity cost of one extra can of soup in the time frame?\

Answers

Answer:

60 frozen dinners is better

Explanation:

If you stop and take the time to ask yourself if you are being realistic about
your skills, perceptions, and judgements, you are more likely to avoid which
bias?
hindsight bias
escalation of commitment
overconfidence bias
Previous
Next

Answers

The correct answer is Overconfidence bias

Explanation:

Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.

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