Answer:
38 days
Explanation:
The first step is to calculate the average daily credit sales
= 3,000,000× 0.9/360
= 2,700,000/360
= 7500
Therefore the average collection period can be calculated as follows
= 285,000/7500
= 38
Hence the average collection period is 38 days
On January 1, 2016, Wade Corporation had 24,000 shares of common stock outstanding. On April 1, it reacquired 2,400 shares; on July 1, it issued 10,800 shares; on October 1, it issued another 9,600 shares; and on December 1, it reacquired 900 shares. What was the weighted average number of common shares outstanding for 2016
Answer: no clue bro.. im just tryna get points.. im only in 6th grade
Explanation:
bbbbjdbuidf
The Bronco Corporation exchanged land for equipment. The land had a book value of $125,000 and a fair value of $160,000. Bronco received $15,000 from the owner of the equipment to complete the exchange which has commercial substance. Required: 1. What is the fair value of the equipment
Answer:
The Bronco Corporation
The fair value of the equipment is:
= $145,000.
Explanation:
a) Data and Calculations:
Book value of land = $125,000
Fair value of the land = $160,000
Amount received from the equipment owner in exchange = $15,000
Fair value of the equipment = $145,000 ($160,000 - $15,000)
b) This simply means that the equipment is worth less than the land which is exchanged between Bronco and the equipment owner.
Operations Excellence (OE), Inc. has two production departments: Mixing and Packaging. Mixing DepartmentPackaging DepartmentWarehouseOE manufactures two products: Compound H and Compound L. Compound H is a high-end product that requires more expensive materials than Compound L and is produced at smaller volume. The two products go through the two production departments in essentially the same conversion processes. There is no work-in-process inventory for either product. OE uses an operation costing system that assigns materials cost to the specific product for which the underlying materials are used and assigns conversion costs to all products evenly as each product undergoes the same process in each production department. The production and cost data are available for July:Compound HCompound LTotal2,500 Units4,800 UnitsMaterials: Mixing$220,000$100,000$120,000 Packaging 75,900 37,500 38,400Total materials cost$295,900$137,500$158,400Conversion: Mixing$219,000 Packaging 131,400Total conversion cost$350,400Required: Determine the unit cost for Compound H and Compound L.
Answer:
Operations Excellence (OE)
The unit cost for Compound H and Compound L respectively is:
Compound H Compound L
Unit cost of production $103 $81
Explanation:
Production and cost data are available for July:
Total Compound H Compound L
Production units 7,300 2,500 4,800
Materials:
Mixing $220,000 $100,000 $120,000
Packaging 75,900 37,500 38,400
Total materials cost $295,900 $137,500 $158,400
Conversion:
Mixing $219,000
Packaging 131,400
Total conversion cost$350,400
Assigned conversion cost per unit = $48
Assignment of conversion costs: 120,000 230,400 (4,800 * $48)
Total production costs $646,300 $257,500 $388,800
Units produced 7,300 2,500 4,800
Unit cost $103 $81
A general-purpose diagnostic technique that views organization behavior not as a static pattern but as a dynamic balance of forces working in opposite directions is the _____.
Answer:
Force field analysis.
Explanation:
In Business management, a force field analysis can be defined as a multipurpose diagnostic model that is mainly focused on the consideration of various factors that include both the degrees of cooperation and collaboration in an organization.
This ultimately implies that, a force field analysis is a change model, technique or framework that views and analyzes a problem as a product of many forces working in different but often opposite directions i.e action-reaction force pairs.
Hence, it is a general-purpose diagnostic technique that is designed and developed to view organizational behavior not as a static pattern but as a dynamic balance of forces working in opposite directions is the force field analysis.
A set of servers, that your project needs, has a daily lease cost of $500 for the first 20 days and the lease cost is reduced to $200 daily for any days after the first 20 days. If the team decides to purchase this set of servers, the investment cost is $11,000 and a daily operational cost of $75. (a) After how many days will the purchase cost be same as the lease cost
Answer:
After 25 days of lease, the purchase cost will be the same as the lease cost.
Explanation:
a) Data and Calculations:
Initial investment (purchase) cost = $11,000
Lease cost = $10,000 ($500 * 20)
Difference in purchase and lease cost = $1,000 ($11,000 - $10,000)
Daily lease cost after the first 20 days = $200
Additional number of days for purchase cost to equal lease cost = $1,000/$200 = 5 days
b) One can infer from the above that it will benefit the company more to purchase the set of servers by making the initial investment of $11,000 than leasing the servers.
On November 12, 2013, Berube Co. repurchased 10,000 shares of its own stock at a price of $20 per share. Berube had originally issued the stock in 2010 at a price of $15 per share.Which of the following items would be decreased by the stock repurchase transaction? (check all that apply)a. Total Shareholders Equity.b. Total Assets.c. Cash from Financing Activities.d. Total Liabilities.e. Accumulated Other Comprehensive Income.
Answer:
Berube Co.
The items that would be decreased by the stock repurchase transaction are:
b. Total Assets.
c. Cash from Financing Activities.
Explanation:
a) Data and Calculations:
November 12, 2013: Repurchase of 10,000 shares at a price of $20 per share = $200,000 (10,000 * $20)
b) The treasury stock repurchase decreases the cash from financing activities by $200,000. This also reduces the Total Assets in the form of cash used in the repurchase. The opposite becomes the case when treasury stock is sold. Cash from financing activities is increased just as the Total Assets are increased.
Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment c. Payment for selling expenses d. Collection of accounts receivable e. Cash sales f. Issuance of bonds payable
Answer:
a. Investing Activities
b. Investing Activities
c. Operating Activities
d. Operating Activities
e. Operating Activities
f. Financing Activities
Explanation:
Operating Activities includes activities in daily operation of the business as in buying and selling with customers and suppliers.
Investing Activities includes the purchase and sell of assets and investments.
Financing Activities includes the raising of capital and debt and repayments to holders.
For 2020, Vaughn Manufacturing reports beginning of the year total assets of $904000, end of the year total assets of $1130000, net sales of $1050000, and net income of $199000. The rate of return on assets for Vaughn in 2020 is 15.6%. 22.0%. 17.6%. 19.6%.
The private equity firm Clarence Partners is looking at a leveraged buyout
opportunity on the Longo Trattoria restaurant chain. Longo today (Year O) has a
capital structure of 75% equity, 25% debt. Its free cash flow last year (FCFO) was
$1 Million and it is expected to grow at constant rate of 8% per year. All its assets
are operating assets. Its WACC equals 14%. If Clarence invests in the deal (it
would acquire 100% of the company), it plans to exit at the end of Year 5, at
which point Longo's capital structure will be 90% equity and only 10% debt, and
its enterprise value (EV) will be estimated at 20 times its FCF in Year 5 (FCF5). All
interim cash flows will be used to pay down debt. Clarence has a minimum 35%
IRR hurdle rate.
1. What is Longo's value of equity today?
2. What will be Longo's value of equity at the end of Year 5?
3. How much equity should Clarence invest today if it is to meet exactly its
hurdle rate?
4. How much debt should Clarence contract, in addition to its equity
investment, in order to close the deal with Longo today?
Answer:
I dont know
Explanation:
Just want the points
The following information was taken from last year's income statement segmented by division:
East Division West Division
Sales $3,700,000 $2,300,000
Contribution margin $1,650,000 $1,000,000
Divisional segment margin $1,100,000 $350,000
Net operating income last year for SegR-3748 Corporation was $600,000. In last year's income statement segmented by division, what were SegR-4212's total common fixed expenses?
Answer:
$850,000
Explanation:
Divisional Segment Margin = $1,100,000 + $350,000
Divisional Segment Margin = $1,450,000
Net Operating Income = $600,000
Common fixed expenses = Divisional Segment Margin - Net Operating Income
Common fixed expenses = $1,450,000 - $600,000
Common fixed expenses = $850,000
So, SegR-4212's total common fixed expenses will be $850,000.
what is the equivalent present amount of an eight year series of decreasing amaounts if the interest rate is 10% compounded annually, the first year amount is $20,000, and the rate of decrease is $800 per year
Answer: $93,876
Explanation:
The equivalent present amount of an 8year series of decreasing amounts when the interest rate is 10% compounded annually, the first year amount is $20,000, and the rate of decrease is $800 per year will be calculated thus:
PV = C / (1+r) ^ t
= 20,000/1.1 + 19,200/1.1² + 18,400/1.1³ + 17,600/1.1⁴ +16,800/1.1^5 + 16,000/1.1^6 + 15,200/1.1^7 + 14,400/1.1^8
= $93,876
Therefore, the equivalent present value is $93,876.
On January 1, 2016, Bennett Corporation had 20,000 shares of common shares outstanding. During the year, it sold another 2,600 shares on July 1 and reacquired 600 shares on November 1. The corporation earned $337,600 net income. The company also has 15,000 shares of $10 par value, 6%, cumulative preferred stock on which no dividends have been declared for the last two years. What is the basic earnings per share for the year
Answer:
bro i honestly have no clue I'm only in 6th grade and im tryna get points.
Explanation:
Dawson Electronic Services had revenues of $120,000 and expenses of $70,000 for the year. Its assets at the beginning of the year were $420,000. At the end of the year assets were worth $470,000. Calculate its return on assets.
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Christopher is a cash-method, calendar-year taxpayer, and he made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming he has a 30 percent marginal tax rate.
a. $500 fine for speeding while traveling to a client meeting.
b. $900 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds were used immediately to pay salaries and the other half was invested in municipal bonds until November.
c. $600 for office supplies in May of this year. He used half of the supplies this year and he will use the remaining half by February of next year.
d. $450 for several pair of work boots. Christopher expects to use the boots about 80 percent of the time in his business and the remainder of the time for hiking. Consider the boots to be a form of clothing.
Solution :
It is given that Christopher is the cash method and a calendar year taxpayer. He also made the cash payments that is related to the business for this year.
We have to assume marginal tax rate = 30 %
Therefore, the after tax cost for the payments are :
a). $ 500 - not deductible as it was a penalty for the violation.
b). 765 - half of the interest is not deductible. i.e. 900 x (1 - (0.5 x 0.3))
c). 420 - fully deductible, i.e. 600 x (1 - 0.3)
d). 450 - not deductible
Mimi is granted a license to sell her unique Spirit Pins at local high school lacrosse games. When Mimi prices her pins at $10, she sells 20 pins per game. When she lowers her price to $8, she sells 40 pins. The additional money she earns from dropping her price is known as the __________.
a. Output effect
b. Price effect
c. Marginal revenue
d. Opportunity cost
Answer:
c
Explanation:
Marginal revenue is the change revenue when quantity sold increases by one unit
Marginal revenue = change in total revenue /change in quantity sold
Mimi's marginal revenue = $10 - $8 = $2
Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 318000 $494000 Purchases 1240000 1720000 Freight-in 23000 — Employee discounts — 8500 Net markups — 66000 Net markdowns — 86000 Sales revenue — 1620000 If the ending inventory is to be valued at approximately lower of average cost or market, the calculation of the cost ratio should be based on cost and retail of
Answer:
Sunland Co.
The calculation of the cost ratio should be based on cost and retail of $1,581,000 and $2,288,500 respectively.
Explanation:
a) Data and Calculations:
Cost Retail Cost to Retail Ratio
Beginning inventory $ 318,000 $494,000
Purchases 1,240,000 1,720,000
Freight-in 23,000 —
Employee discounts — 8,500
Net markups — 66,000
Goods available for sale $1,581,000 $2,288,500 69.08%
Less:
Net markdowns — 86,000
Sales revenue — 1,620,000
Estimated ending Inventory at retail $582,500
Estimated ending Inventory
at cost $402,391 ($582,500 * 69.08%)
Calculation of the cost ratio = $1,581,000/$2,288,500 * 100 = 69.08%
Clay and Maryanna own a house together, which they decide to sell for $200,000. The two decide to split the proceeds according to the ratio of money that each invested in the property. Clay put in the most money at a ratio of 5:3. How much money should Maryanna get from the sale
Answer:
The answer is "[tex]\$75,000[/tex]"
Explanation:
Convert the ratio to several fractions first. Its first half of such a ratio is measured by multiplying two sides (Clays 5 + Maryanne's 3 pieces = 8 total parts) combined, to determine the numerator, and the very first part of the ratio is maintained as a numberer of the factions (5 parts, Clay contribution). Therefore Clay made a significant donation of [tex]\frac{ 5}{8}[/tex], which's also [tex]\frac{3}{8}[/tex] of Maryanna[tex](\frac{8}{8}-\frac{5}{8}=\frac{3}{8})[/tex] donated.
[tex]\to \$75,000 \times \frac{3}{8}\\\\\to \$200,000[/tex]
Destaque las ventajas y desventajas que tiene un mercado libre.
answer:
ventaja —
libertad para innovarlos clientes impulsan las eleccionesdesventaja —
gamas de productos limitadaspeligros del afán de lucroexplanation:
la falta de control gubernamental permite a las economías de libre mercado una amplia gama de libertades, pero estas también tienen algunos inconvenientes distintosSuppose the price of a BMW falls. Explain the law of demand based on the income and substitution effects.
Answer:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
It is expected that when the price of a BMW falls, the quantity of cars demanded increases.
there are two effect in place that affect the demand for BMW.
They are :
the substitution effect the income effectThe substitution effect looks at the change in price of a good relative to other goods. When the price of a BMW falls, it becomes cheaper relative to other goods. As a result, consumers buy more of BMWs and less of other goods. This leads to a movement down along the demand curve for that good.
The income effect looks at how a change in price affects real disposable income. When the price the BMW decreases, real disposable income increases. As a result, consumers can afford to buy more BMW cars as the consumers purchasing power has increased, holding money income constant.
These two effects lead to an increase in the quantity of BMW demanded
Explanation:
Recall that since stocks have really long lives, in the video we first imagined owning a stock for only one period. In this simple, yet powerful scenario, today's stock price is the PV of next year's dividend and next year's stock price.) The stock of Alydar Oil, an all-equity firm, is currently trading at $30 per share, after just having paid a $2.60 per share dividend. The market expects a dividend of $3.30 per share to be paid one year from today. If the equity cost of capital (same as discount rate for equity) is 13% for this firm, the expected ex-dividend price (the stock price after the dividend is paid next year) in one year (t = 1) should be closest to:_______.a) $32.77b) $30.60c) $33.90d) $31.30
Answer:
Option b ($30.6) is the correct option.
Explanation:
Given:
Current price,
= $30
Required rate,
= 13%
Expected dividend,
= 3.30
Now,
The expected ex-dividend will be:
= [tex]Current \ price\times (1+ Required \ rate) - Expected \ dividend[/tex]
On putting the values, we get
= [tex]30\times (1+13 \ percent)-3.30[/tex]
= [tex]30\times 1.13-3.30[/tex]
= [tex]33.9-3.30[/tex]
= [tex]30.6[/tex] ($)
Explain the potential issues that can arise by not keeping a balanced checkbook.
Answer:
Explanation:
You might not catch bank errors.
You might make an error in calculating your bank balance which could cause you to overdraft.
You might not see valid charges made by the bank.
You might forget to list automatic drafts from your checking account.
You might not catch errors you make such as double postings, etc.
you might not post automatic deposits to customer accounts, causing errors in your subsidiary ledgers.
you could double pay a bill by accident, also causing errors in subsidiary ledgers.
Assume you decide you should invest at least part of your money in large-capitalization stocks of companies based in the United States. What are the advantages and disadvantages of choosing the Bledsoe Large-Company Stock Fund compared to the Bledsoe S
If no page number or paragraph number is available when directly quoting from an electronic source, then the heading or section name along with the number of the paragraph within that section should be included.
a. True
b. False
Answer:
a. True
Explanation:
Plagiarism can be defined as the act of representing or using an author's work, ideas, thoughts, language, or expressions without their consent, acknowledgement or authorization.
This ultimately implies that, plagiarism is an illegal act of presenting another author's intellectual work or copyrighted items by using their ideas, thoughts, language or expressions, word for word without authorization or permission from the original author.
The four (4) common types of plagiarism are;
1. Copy and paste: this typically involves copying another author's work word for word and pasting it as yours without proper citation or reference with quotation marks.
2. Improper citation : this involves an author failing to provide an in-text reference or citation of the original author appropriately.
3. Find and replace: this typically involves an author finding some words to change (replace) in the original literary work.
4. Fabrication: this occur when an author makes up unverified or false data to use in his or her literary work.
Attribution can be defined as a process which typically involves the citation (reference) of an original source of information such as a quote, paraphrase or summary, using the author's full name and job title or position as the case may be.
Furthermore, if there is no page number or paragraph number when directly quoting from an electronic source, then one is permitted to use the heading or section name along with the number of the paragraph within that section.
What can you say about the packaging of cell phones? Do you find them appealing? why or why not?
When an accounting change is reported under the retrospective approach, prior years' financial statements are:
What are some of the advantages and disadvantages of mobile payment systems in (a) developed countries and (b) developing countries
Answer: Advantage of mobile payment system for developed countries
- They are directly linked to bank accounts
- People can make payment for products easily when they have the applications installed in their phones
Explanation:
We would consider the advantage and disadvantage for developed countries.
Advantage of mobile payment system for developed countries
- They are directly linked to bank accounts
- People can make payment for products easily when they have the applications installed in their phones
Disadvantages
- Due to the large amount of companies using such services it raises compatibility issues across systems
Developing countries(Advantages)
- It allows users transfer money to those they are doing business with and also friend's and family.
Disadvantages
- Due to development issues, consumer registration process is yet to be clearly figured out, making it a bit complicated.
Explain the statement “The entrepreneur is the pivot of development.”
Answer:
Entrepreneurship is a continuous phase of development and movement while being focused on goal
Explanation:
An entrepreneur has an undeniable trait of being flexible along with being focused and pivoted to move in the right direction at the right time. If the circumstances require, he/she can also pivot in the other direction while being flexible at the same time.
Thus, entrepreneurship is a continuous phase of development and movement while being focused on goal.
Total quality management focuses on ______. Group of answer choices kaizen instant rework continuous inspection frequent inspection
Answer: Kaizen
Explanation:
Kaizen is simply a term in Japanese which means continuous improvement. The philosophy states that the operations of a company should be continually improved.
Total quality management focuses on Kaizen. It continually seeks for improvement in the company's operations while involving the workers in the company.
In 2009, Winn, Inc. issued $1 par value common stock for $35 per share. No other common stock transactions occurred until July 31, 2011, when Winn acquired some of the issued shares for $32 per share and retired them. Which of the following statements correctly states an effect of this acquisition and retirement?
a. 2018 net income is decreased.
b. Additional paid-in capital is decreased.
c. 2018 net income is increased.
d. Retained earnings is increased.
Answer: b. Additional paid-in capital is decreased.
Explanation:
Assume Winn sold 100 shares.
The entry would have recorded Common stock at $100 because the par value is $1.
Additional paid-in capital would have been:
= (35 - 1) * 100
= $3,400
When the stock was now required, it was required at $32. Assuming 50 were reacquired:
Common stock would be = 100 - 50 = $50
Additional paid-in capital would be = 3,400 - ((32 - 1) * 50) = $1,850
Additional paid-in capital would therefore decrease when the shares are reacquired.
During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data. Actual StandardJob Number Hours Cost Hours Costs Totla varianceA257 210 $4,830 216 $4,968 $138 F A258 480 12,000 464 10,672 1,328 U A259 330 7,953 330 7,590 363 U A260 110 2,310 102 2,346 36 F Total variance $1,517 U Analysis reveals that Job A257 was a repeat job. Job A258 was a rush order that required overtime work at premium rates of pay. Job A259 required a more experienced replacement worker on one shift. Work on Job A260 was done for one day by a new trainee when a regular worker was absent.Required:Prepare a report for the plant supervisor on direct labor cost variances for March.
Answer:
Toby Tool & Die Company
A Report on the Direct Labor Cost Variances for March, 2020:
Variances Variance
Job Number Quantity Rate Total
1. A257 $138 F $138 F
2. A258 $368 U $960 U $1,328 U
3. A259 $363 U $363 U
4. A260 $184 U $220 F $36 F
Total $414 U $1,103 U $1,517 U
Explanation:
a) Data and Calculations:
Actual Standard
Job Number Hours Cost Hours Costs Total variance
A257 210 $4,830 216 $4,968 $138 F
A258 480 12,000 464 10,672 1,328 U
A259 330 7,953 330 7,590 363 U
A260 110 2,310 102 2,346 36 F
Total variance $1,517 U
Actual Standard
Job Number Hours Cost Rate Hours Costs Rate Total variance
A257 210 $4,830 $23 216 $4,968 $23 $138 F
A258 480 12,000 25 464 10,672 23 1,328 U
A259 330 7,953 24.1 330 7,590 23 363 U
A260 110 2,310 21 102 2,346 23 36 F
Total variance $1,517 U
1. A257's favorable variance of $138 was quantity variance as less hours were used when compared to the standard hours for the job.
= (Standard hours - Actual hours) * Standard rate = (216 - 210) * $23
= 138 F
2. A258 rush order with overtime at premium rates of pay
Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours
= ($23 - $25) * 480 = $960 U
Direct labor quantity variance = (Standard hours - Actual hours) * Standard Rate
= 464 - 480 * $23 = $368 U
Total variance = 1,328 U ($960 U + $368 U)
3. A259 more experienced replacement worker required on one shift
Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours
= ($23 - $24.1) * 330 = $363 U
4. A260 done by a new trainee
Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours
= ($23 - $21) * 110 = $220 F
Direct labor quantity variance = (Standard hours - Actual hours) * Standard Rate
= (102 -110) * $23 = $184 U
Total variance = $220 F - $184 U = $36 F