Answer:
$1,015.89
Explanation:
Annual coupon = 1000*8.6% =86
Present value of annuity = Annuity[1-(1+interest rate)^-time period]/rate
= 86*[1-(1.082)^-5]/0.082
= 86*3.971751714
Present value of discounting factor=1000/1.082^5
= 674.316359
= 1000*0.674316359
Price of bond = Annual coupon*Present value of annuity factor(8.2%,5) + $1000*Present value of discounting factor(8.2%,5)
Price of bond = 86*3.971751714 + $1000*0.674316359
Price of bond = 341.570647404 + 674.316359
Price of bond = 1015.887006404
Price of bond = $1,015.89
On January 1, a store had inventory of $48,000. January purchases were $46,000 and January sales were $90,000. On February 1 a fire destroyed most of the inventory. The rate of gross profit was 25% of cost. Merchandise with a selling price of $7,500 remained undamaged after the fire. Compute the amount of the fire loss, assuming the store had no insurance coverage. Label all figures.
Answer:
the amount of the fire loss is $16,000
Explanation:
The computation of the amount of the fire loss is shown below
January 1 inventory $48,000
Add purchases $46,000
Goods Available $94,000
Less Cost of Goods Sold ($90,000 × 100 ÷ 125) $72,000
Less Cost of undamaged goods ($7,500 × 100 ÷ 125) $6,000
Goods Lost by Fire $16,000
hence, the amount of the fire loss is $16,000
Which statement best describes what a project manager controls?
the overall choice of which work becomes a project
the overall deadline when a project is due
the overall resources allocated for a project
the delegation of responsibilities in a project
Answer:
I believe it’s the delegation of resources
Explanation:only other logical choice is delegation of responsibilities but that’s up to the boss or who assigned the project in the first place
The statement that best describes what a project manager controls is the delegation of responsibilities in a project.
Who is a project manager?A project manager refers to the person who has the responsibility of planning and executing a project.
The delegation of responsibilities in a project is the best statement that describes what is controlled by the project manager.
Therefore, D is the correct option.
Learn more about the Project manager here:
https://brainly.com/question/15404120
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If the covariance of returns between a stock and the market equals zero, then what does the beta of the stock equal
Answer:
a) Zero
Explanation:
As we know that
beta = Covariance (Stock return , Market return) ÷ market return variance
Now in the case when the covariance of return that lies between the stock and the market equivalent to zero so the beta of the stock would be zero
As if you divide by zero so the result would be zero
Therefore as per the given option, the option A is correct
SEE
What characters can be included in a macro name? Check all that apply.
letters
numbers
spaces
underscores
BO
symbols
Answer:
Letter
Number
Underscores
Explanation:
A Macro names should mainly comprise of alphanumeric characters which is made up of mainly letters and numbers. Underscores as well as the first key being in capital is also important.
Space isn’t necessary as it has no clearly defined function .
Answer:
1) Letters
2) Numbers
3) Underscores
Explanation:
got it right on edge
Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for March will be:
Answer:
$24,000
Explanation:
Beginning Cash Balance 33,000
Budgeted Cash Receipt 182,000
Total Available Cash 215000
Less: Cash Disbursements -191,000
Total excess (deficiency) of cash available $24,000
A company has a discount on a forward contract for an asset. How is the discount recognized over the life of the contract?
Answer: It is charged to accumulated other comprehensive income.
Explanation:
The discount is recognized over the life of the contract when it is charged to accumulate other comprehensive income.
If the government sets a quota of 300 pounds of fish caught per day, then fish will sell for ________ more per pound than the cost of catching the fish.
Answer:
$20 per pound
Explanation:
According to the attached diagram as we can see that the government sets a quota of 300 pounds for caughting a fish per day due to which the selling price is rised from $30 to $50
Also more than 300 pounds of fish would not be caught per day
Therefore the difference of $20 would be considered
hence, the fish would sell for $20 per pound more
When Auto-Manufacturing Company designed a 6-month e-mail campaign, it included several customer offers that increased in value over time. This is an example of:_________.
A. Content marketing
B. The bounce rate
C. Content optimization
D. Exclusive deals
E. A drip campaign
Answer: a drip campaign
Explanation:
The example used by Auto-Manufacturing Company in the above scenario is a drip campaign.
Drip marketing is refered to as an email marketing strategy whereby several mails are sent out to customers at a particular time period. It is used to keep in touch with the customers and also nurture leads.
What is the percentage change in the PV of $100 due in 1 year when the interest rate changes from 5% to 10%?
a. Decreases by 60.6%
b. Decreases by 4.33%
c. Decreases by 4.5%
d. Does not change
e. Increases by 4.5%
f. Increases by 60.6%
Answer:
c. Decreases by 4.5%
Explanation:
Calculation for What is the percentage change in the PV
First step is to calculate the present value when r is 5%
PV = 100 / (1 + 5%)^1
PV = $95.24
Second step is to calculate present value when r is 10%
PV = 100 / (1 + 10%)^1
PV = $ 90.91
Last step is to calculate the percentage change in the PV
Percentage change in the PV = (90.91 - 95.24) * 100 / 95.24
Percentage change in the PV = - 4.55% (Decrease)
Therefore the Percentage change in the PV Decreases by 4.5%
Waterway Industries factors $3000000 of its accounts receivables without recourse for a finance charge of 3%. The finance company retains an amount equal to 7% of the accounts receivable for possible adjustments. Waterway estimates the fair value of the recourse liability at $310000. What would be the debit to Cash in the journal entry to record this transaction?
Answer: $2,700,000
Explanation:
The debit to Cash in the journal entry to record this transaction will be calculated as:
= $3,000,000 - [($3,000,000 × 3%) + ($3000000 ×7%)]
= $3,000,000 - ($3,000,000 × 0.03) + ($3000000 × 0.07)
= $3,000,000 - [$90,000 + $210,000]
= $3,000,000 - $300,000
= $2,700,000
Therefore, the debit to cash will be $2,700,000.
Is standardizing physical distribution function true or false
Answer:
Ture
Explanation:
.....................
Legal status of a person or entity that cannot repay the debts they oweStays on credit report for 7 years
Answer:
i think its 5
Explanation:
because the overtime of this will add up
At Bell’s Furniture, assemblers are paid according to the following differential piece rate scale: 1−20 dressers in a week, $7 each; 21−30 dressers, $9.50 each; and $14 each for every dresser over 30. Liz Henderson assembled 47 dressers in one week. Find her gross pay
Answer:
$658
Explanation:
Henderson assembled 47 dressers in the week.
Her applicable pay rate is $14 per piece since she assembled over 30 dressers in one week.
her gross pay for the week
=$14 x 47
=$658
List three pieces of information listed in a credit card agreement that you believe are important to review before
Explanation:
Annual Percentage Rate (APR). This is the cost of borrowing on the card, if you don’t pay the whole balance off each month. You can compare the APR for different cards which will help you to choose the cheapest. You should also compare other things about the cards, for example, fees, charges and incentives
Minimum repayment. If you don’t pay off the balance each month, you will be asked to repay a minimum amount. This is typically around 3% of the balance due.
Annual fee. Some cards charge a fee each year for use of the card. The fee is added to the amount due and you will have to pay interest on the fee as well as on your spending, unless you pay it in full.
Costello Corporation reported pretax book income of $502,000. During the current year, the reserve for bad debts increased by $9,000. In addition, tax depreciation exceeded book depreciation by $42,000. Finally, Costello received $4,000 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be:________.
Answer: $11220
Explanation:
Based on the scenario in the question, first, we.have to calculate the difference in net tax which will be:
= $42000 - $9000
= $33,000
Using a tax rate of let's say 34%, Costello's deferred income tax expense would be:
= $33,000 × 34%
= $33000 × 0.34
= $11220
It is a baked staple food made from flour,liquid and other ingredients
a. cakes
b.biscuit
c.cookies
d.muffins
(I'm only in 7th grade, sorry if it is wrong.)
It can't be biscuits or cookies, since they require way more items. It is reasonable to choose muffins, since it doesn't need as much ingredients as cake.
Sinclair is considering the acquisition of new machinery that will produce uniform benefits over the next five years. The following information is available: Annual savings in cash operating costs:$460,000 Annual depreciation expense:$360,000 If the company is subject to a 20% tax rate, what denominator should be used to compute the machinery's payback period
Answer:
The denominator (net annual cash flow) = $440,000
Explanation:
The denominator (net annual cash flow)
Particular Amount
Saving in operating cost $460,000
Less: Depreciation $360,000
Net additional income $100,000
Income tax on above (20%) $20,000
Savings after tax $80,000
Add: Depreciation $360,000
Net annual cash benefit $440,000
The denominator (net annual cash flow) = $440,000
Assume the supply of bananas decreases due to rising costs of
production, while demand increases due to consumer preferences. What
will happen to the new equilibrium price and quantity?
A) price increases; quantity increases
B) price increases; quantity is unknown
C)price decreases; quantity decreases
D)price decreases; quantity increases
E)price is unknown; quantity increases
A company buys a machine for $68,000 that has an expected life of 8 years and no salvage value. The company uses straight-line depreciation. The company anticipates a yearly net income of $3,250 after taxes of 36%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return?
a. 3.44%.
b. 4.78%.
c. 9.56%.
d. 6.12%.
e. 38.24%.
Answer:
c. 9.56%
Explanation:
Accounting Rate of Return = Average Profit / Average Investment × 100
where,
Average Profit = $3,250
Average Investment = $68,000 ÷ 2 = $34,000
Therefore,
Accounting Rate of Return = $3,250 ÷ $34,000
= 9.56 %
Recovery of Previously Written Off A/R
September 10-King pays the $200 previously
written off as uncollectible.
Prepare both journal entries.
Answer and Explanation:
The journal entries are shown below
On Sep 10
Account receivable - king $200
To Bad debt expense $200
(Being the reinstate previously written off account receivable is recorded)
Here account receivable is debited as it increased the assets and credited the bad debt expense as it decreased the expenses
On Sep 10
Cash Dr $200
To Account receivable - king $200
(Being cash collection is recorded)
Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets
When the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a
Answer:
debit to the Allowance account.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.
According to the Generally Accepted Accounting Principles (GAAP), when the allowance method is used for bad debts, the entry to write off an individual account known to be uncollectible involves a debit to the allowance account.
True or False: Under the average-cost pricing policy, the cable company has no incentive to cut costs.
Answer:
True.
Explanation:
The cable company will not have any incentive to cut costs. This is because it knows that its costs will be averaged to determine the average cost to which a certain percentage is then added to arrive at the selling price. Having the cost averaged in this way will not motivate the cable company to seek cost minimization strategies that it could use to increase its income.
Which of the following are different types of low risk bonds discussed in the presentations? (Select all that are correct.)
Group of answer choices
High Yield Bonds
Callable, Speculative Grade, and Municipal Bonds
Corporate bonds--form of borrowing by a corporation, interest is subject to taxes.
Government bonds--issued by US Treasury, low risk, and no state or local taxes on the income.
What are the arithmetic and geometric average returns for a stock with annual returns of:__________.
a) 4%,
b) 9%,
c) -6%,
d) 18%
Answer:
Arithmetic average return = 6.25%
Geometric average return = 5.89%
Explanation:
Annual returns of 4%, 9%, -6% and 18%
Arithmetic average return of the stock = ∑ 4%,9%,-6%,and 18% / n
= 25%/4
= 6.25%
Geometric average return formula = x1,*x2*x3 .....^1/n - 1
Geometric average return = 1.04*1.09*(1-0.06)*1.18^1/4 -1
Geometric average return = 1.04*1.09*0.94*1.18^1/4 - 1
Geometric average return = 1.25789^1/4-1
Geometric average return = 1.0589 - 1
Geometric average return = 0.0589
Geometric average return = 5.89%
If Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of
Answer: concept testing
Explanation:
Concept testing is simply used by a company or organization to determine whether customers will accept a product or not. In this case, a survey can be used to know if they'll except such product before it's introduction to the market.
Since Xiu Li organized focus groups to discuss the idea of flavored additives with Hope Springs customers, this would be an example of concept testing.
You are a junior in college. You sent your resume to a half-dozen companies hoping to get a summer internship. Two weeks ago XYZ Corporation contacted you and offered you a paid summer internship. One week ago you accepted their offer, agreeing to start work a week after your last final exam. Today you received a much better internship offer from ABC Corporation. What should you do
Answer:
I would politely reach out to XYZ organization and let them know I won't be taking them on their offer
Explanation:
In this particular situation, there is no legal binding in this agreement to start work. There is no responsibility from me to XYZ corporation.
If this new offer excited me more than what XYZ corporation has offered, then I have to decide which company i would decide to do my internship with. So I would have to politely decline the offer from XYZ.
At the most recent staff meeting of Hyperactive Media Sales, the general manager gave you instructions to make the laptops used by the salespeople as secure as possible. You have decided to implement a new advanced sign-in process for the users. How will you explain to the general manager how using new authentication methods makes the laptops more secure
Answer:
New authentication methods such as the picture password, 2 factor authentication method, biometric identification, etc ensure that authentication credentials are safe and cannot be stolen and used from another laptop.
New authentication methods gives tougher walls of security which cannot be easily broken into thereby leaving the system protected and secure.
Due to increasing activities of cyber criminals, new and more sophisticated authentication processes are being developed giving laptops and computer systems better security as attackers are unable to exploit passwords.
Zhang Industries budgets production of 220 units in June and 230 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $12.40 per hour. The indirect labor rate is $19.40 per hour. Compute the budgeted direct labor cost for July.
Answer:
Budgeted direct labor cost for July = $4,278
Explanation:
Given:
Production in July = 230 units
Hours of direct labor = 1.5 hours per unit
Direct Labor rate = $12.40 per hour
Indirect labor rate = $19.40 per hour.
Find:
Budgeted direct labor cost for July
Computation:
Budgeted direct labor cost for July = (Production in July)( Hours of direct labor)( Direct Labor rate)
Budgeted direct labor cost for July = (230)(1.5)(12.4)
Budgeted direct labor cost for July = $4,278
10. How is net profit computed?
Net profit is computed by adding all sales income.
Net profit is computed by producing goods.
Net profit is computed by subtracting expenses from sales income.
Net profit is computed by adding all expenses.
Answer:
2 doe sure have a good day
Cromwell's Interiors is considering a project that is equally as risky as the firm's current operations.The firm has a cost of equity of 15.4 percent and a pretax cost of debt of 8.9 percent.The debt-equity ratio is .46 and the tax rate is 34 percent.What is the cost of capital for this project?A) 11.97 percentB) 12.40 percentC) 11.02 percentD) 11.62 percentE) 12.38 percent
Answer:
Cost of capital = 12.40% (Approx)
Explanation:
Given:
Cost of equity = 15.4%
Pretax cost of debt = 8.9%
Debt-equity ratio = 0.46
Tax rate = 34%
Computation:
Equity multiplier = 1 + Debt-equity ratio
Equity multiplier = 1 + 0.46
Equity multiplier = 1.46
Weight of equity = 1 / Equity multiplier
Weight of equity = 1 / 1.46
Weight of equity = 0.685
Weight of Debt = 1 - Weight of equity
Weight of Debt = 1 - 0.685
Weight of Debt = 0.315
Cost of capital = [Weight of Debt x Pretax cost of debt] x (1-tax rate) + [Cost of equity x Weight of Debt ]
Cost of capital = [0.315 x 8.9% x (1-0.34)] + [15.4% x 0.6849]
Cost of capital = 12.40% (Approx)