Answer:
$1,838.45
Explanation:
equivalent annual annuity (EAA) = (r x NPV) / [1 - (1 + r)⁻ⁿ]
first we must calculate the proejct's NPV using a financial calculator:
initial outlay -$15,000
payment = $5,000
nper = 4
r = 0.101
NPV = $5,815.08
EAA = (0.101 x $5,815.08) / [1 - (1 + 0.101)⁻⁴] = $587.32 / 0.31946 = $1,838.45
Susan works for a salary of $3,600 per month. She has federal income tax withheld at the rate of 15%, Social Security tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and health insurance premiums of $48 per month. Susan also contributes to a savings plan. Each month, 2% of her gross pay is placed in the plan.
Answer:
$2,664.68
Explanation:
Salary $3,600
Overtime $0
Gross Pay:$3,600
Required Deductions:
Federal Tax(15%*3,600) $540
Social Security Tax(6.2%*3,600) $223.2
Medicare Tax(1.45%*3,600) $52.12
Voluntary Deductions:
Health Insurance 48
Union Dues $0
Retirement $0
Savings:( 2% *3,600)72
Other:
Total Deductions:935.32
Net Pay: (3,600-935.32) $2,664.68
Therefore Susan Net pay will be $2,664.68
January 1, 2021, Smith Co. purchased common stock of North Company for $500,000. North Company has common stock outstanding of $10 million. Smith owns 5% of the outstanding stock of North. On December 31, 2021, the investment in North Company has a fair value of $505,000. On January 1, 2022, Smith sells the investment in North Company for $505,000. What journal entry is required to record the sale
Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated variable manufacturing overhead was $8.52 per machine-hour and the estimated total fixed manufacturing overhead was $256,500. The predetermined overhead rate for the recently completed year was closest to:
Answer:
Total overhead rate = $34.17 per machine hour
Explanation:
The total overhead rate would the sum of the variable overhead rate and the fixed overhead rate
The pre-determined fixed overhead absorption rate = Estimated fixed overhead /Estimated machine hours
DATA:
Estimated overhead - $256,500.
Estimated machine hours - 10,000 machine hours
The pre-determined fixed overhead absorption rate =
$256,500/ 10,000 machine hours = 25.65 per hour
The pre-determined overhead absorption rate = $25.65 per hour
Total overhead rate = Variable rate + Fixed rate
= $8.52 + $25.65 = $34.17
Total overhead rate = $34.17 per machine hour
how do you calculate a total including sales tax?
Answer:
Add the tax to the subtotal to calculate the total amount
Explanation:
Add the prices of items purchased to obtain a subtotal.
Multiply that subtotal by the tax rate to determine the tax.
Add the tax to the subtotal to calculate the total amount.
__
Example
Purchases total 6.95. The tax rate is 8.2%.
The tax due is ...
0.082 × 6.95 = 0.5699 rounds to 0.57.
The total amount due is ...
6.95 +0.57 = 7.52
_____
Comment on percent
The % (percent symbol) is a fancy shorthand way to write /100. That is, a tax rate of 8.2% means you multiply the pre-tax amount by 8.2/100 = 0.082.
To calculate the total amount including sales tax, follow these steps:
The Steps to followDetermine the sales tax rate (expressed as a percentage).
Multiply the sales tax rate by the original price to find the tax amount.
Add the tax amount to the original price to get the total amount, including sales tax.
Formula: Total = Original Price + (Original Price * Sales Tax Rate)
Example: If the original price is $50 and the sales tax rate is 10%, the total amount would be $55.
Remember, the sales tax rate may vary depending on the location and the type of product or service being taxed.
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An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3. The per-unit cost of production in this economy is
Answer:
$0.1
Explanation:
The per unit cost of a production is the sum of variable cost and fixed cost divided by the total number of units produced. The per unit cost is given by the formula:
Per unit cost = (Variable cost + Fixed cost) / Number of units produced
Variable cost = Cost of raw material = Units of raw material × Cost of each unit of raw material = 5 units × $4/unit = $20
Fixed cost = Cost of labor + Capital =(Units of capital × Cost of each unit of capital) + (Units of labor × Cost of each unit of labor) = (8 units × $3/unit) + (2 units × $10/unit) = $24 + $20 = $44
Variable cost + Fixed cost = $20 + $44 = $64
Per-unit cost of production = (Variable cost + Fixed cost) / Total output = $64 / 640 = $0.1
Sehun (1986) finds that the practice of monitoring insider trade disclosures, and trading on that information, would be Group of answer choices extremely profitable for short-term traders. extremely profitable for long-term traders. not sufficiently profitable to cover trading costs. marginally profitable for short-term traders. marginally profitable for long-term traders.
Answer:
not sufficiently profitable to cover trading costs.
Explanation:
Hasan Nejat Seyhun, a professor of Finance, in 1986, in his research study titled "Insiders' profits, costs of trading, and market efficiency" investigates the unusual findings of the previous insider trading studies, that suggests that, any investor can earn abnormal profits by reading the Official Summary.
Hence, he concluded that, that the practice of monitoring insider trade disclosures, and trading on that information, would be not sufficiently profitable to cover trading costs.
Suppose the adult population in the country of Candora is 171 million. The number of adults in the labor force is 97 million, and the number of unemployed adults is 74 million. The labor force participation rate in Candora approximately equals _____.
Answer:
The labor force participation rate in Candora approximately equals 56.72%.
Explanation:
Given that the adult population of Candora is 171 million, of which 97 million are in the workforce and 74 million are unemployed, to obtain the percentage of participation in the workforce of said country we must carry out the following calculation:
171 = 100
97 = X
(97 x 100) / 171 = X
9700/171 = X
56.72 = X
Thus, the percentage of participation in the Candora workforce is 56.72% of the country's adult population, while the remaining 43.28% are unemployed.
Nora is applying for a student loan to attend college. What is true? A) Her lender takes less risk with this type of loan. B) There is no collateral needed for this secured loan. C) The APR will be lower the first month of the loan. D) A higher interest may be associated with this unsecured loan. Help QUICK!!!
Answer:
D) A higher interest may be associated with this unsecured loan.
Explanation:
The secured loan is the loan in which collateral property is pledged while on the other hand the unsecured loan is the loan in which no collateral property is pledged
As in the given situation, the unsecured loan is higher riskier as compared with the unsecured loan. Moreover, in the unsecured loan the interest rate is high and it required high credit scores
Therefore the option D is most appropriate and fits to the current scenario
Amy is analyzing a job offer. Amy’s Salary Analysis Annual Salary Benefits Average Monthly Rent Average Monthly Utility Costs $48,500 401K matched up to $2,500/year, $5,000 in bonuses $1,100 $200 How much should she expect to pay on rent and utilities each year? $1,300
Answer:
$15,600
Explanation:
The computation of the amount expected to pay on rent and utilities are shown below:
= monthly on rent + monthly utility.
= $ 1,100 + $ 200
= $ 1,300
Now the each year payment on rent and utilities is
= $ 1,300 × 12 months
= $15,600
hence, the estimated amount pay for the rent and utilities for each year is $15,600
Answer:
15,600 - the last choice
Explanation:
for edg. 2020
Selecting the Government Rate from a U.S. Government Rental Car Program vendor will result in a daily fee that provides you with unlimited mileage, liability coverage, and much more. What is the name of this fee?
Answer:
The correct answer is "Government Administrative Rate Supplement (GARS)".
Explanation:
GARS seems to be a recurring charge, which would be supposed to resolve the investment corporation's incurred expenses that are unique to government operations.However, according to my administrator, the policy which will be everyone's insurance becomes expected to include a GARS plan for $5 each day.Such that the solution provided above is the right one.
The XYZ Fund had NAV per share of $17.50 on January 1, 2016. On December 31 of the same year, the fund's NAV was $19.47. Income distributions were $0.75, and the fund had capital gain distributions of $1.00. Without considering taxes and transaction costs, what rate of return did an investor receive on the XYZ Fund last year?
Answer:
21.26%
Explanation:
Calculation for the Rate of return that the
investor receive on the XYZ Fund last year
Using this formula
Rate of return =Current value - original value +Income distributions+ Capital gain distributions) / original value) x 100
Where,
Current value =$19.47
Original value =$17.50
Income distributions=$0.75
Capital gain distributions=$1.00
Let plug in the formula
Rate of return($19.47 - $17.50 + $0.75 + $1.00)/$17.50
Rate of return =($1.97+0.75+$1.00)/$17.50
Rate of return=$3.72/$17.50
Rate of return =0.2126*100
Rate of return =21.26%
Therefore the rate of return that did investor receive on the XYZ Fund last year will be 21.26%
Compared with individuals working in the private sector, public employees do not have ______. a. more stringent codes of ethical behavior b. higher levels of education c. lower standards for pay d. a greater commitment toward civic duty
Answer:
Option A. More stringent codes of ethical behavior
Option B. Higher levels of education,
and
Option D. A greater commitment toward civic duty,
Explanation:
The public employees have to adhere to stringent codes of ethical behavior because the public employees are professionals and professionals are always highly qualified personal. Their commitment towards the civic duty is high because they are obliged to act in the public interest and not act in a manner that his profession dignity gets affected. The level of experience, education, professionalism, adherence to ethical and company code, results in higher employee compensations.
Hence the Option A, B and D are correct options.
Frames, Inc. manufactures large wooden picture frames. Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced, and variable selling and administrative expense is $13 per frame sold. The company produces 5,000 units each month and total fixed manufacturing overhead cost per month is $15,000. The unit product cost of each frame using variable costing is
Answer:
$68 per unit
Explanation:
The computation of the unit product cost of each frame using the variable costing is shown below:
= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead cost per unit
= $19 + $40 + $9
= $68 per unit
We simply added the above three cost so that the unit product cost could come
A new real estate professional is getting to know licensees at his new firm, Tremont Homes. One licensee tells him there's an unwritten agreement with a neighboring firm that Tremont serves the mid-town area, and everyone who has prospective clients in that area refer their leads to Tremont. What's this an example of
Answer:
Market allocation.
Explanation:
Market allocation refers to a form of horizontal trade arrangement in which various competitors decide to limit their respective business practices to particular aspects such as particular territories, specified products, particular regional zones, and specific set of customers. Therefore, market allocation provides competitors the opportunity to establish large channels of local monopolies. As per the question, Tremont establish monopoly in that area and it unfairly limits the options of customers.
This OS was created by a developer named Torvalds. Linux Mac Unix Windows
Answer:
Linux.
Explanation:
Linus Torvalds is a Finnish computer programmer, creator of the Linux operating system kernel in 1991. Torvalds began developing his project through research done in a particular way during his spare time, using his own computers, tools and spare parts, and taking the Minix operating system as a starting point, seeking to create his own operating system to use on his own personal computers. Finally, as a result of this development, Torvalds created the largest and best-known open software operating system today.
Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Raw Materials Bal. 1/1 17,000 Credits ? Debits 97,000 Bal. 12/31 30,000 Work In Process Bal. 1/1 19,000 Credits 506,000 Direct materials 74,000 Direct labor 13,000 Overhead applied 257,000 Bal. 12/31 ? The cost of indirect materials requisitioned for use in production during the year was:
Answer:
The cost of indirect materials requisitioned for use in production is $10,000
Explanation:
Direct Material used = Opening Raw Material inventory + purchases - Closing RM inventory
Direct Material used = 17000 + 97000 - 30000
= $84,000
Out of this $84000, $74000 was Direct material in the WIP account , so therefore indirect material=
= 84,000 - 74,000
=$10,000
Answer:
10,000
Explanation:
Leroy's personal information is shown below:
13 years
3 years
Age
61
Tune at address
Age of auto
Car payınent $203
Housing costs Owns Clear
Checking and Both
savings accounts
Finance corapany No
reference
Major credit cards 5
Rano of debt to 294
coine
Declared
Never
banlouptey
According to the following table, what is his credit score?
Answer:
618
Explanation:
just answered it
What are assets and lost the types of assets
Answer:
In financial accountings, assets are anything owned by a business or a valuable item.
Explanation:
e.g. in business it is: tangible, current, fixed and financial
In life it is: jewellery,e.t.c.
what is buisness studies
Answer:
This is an academic subject taught in schools and at high college levels.
Explanation:
Its studies combines elements of finance, marketing,e.t.c.
Hope this helps you.
I also do this.
what are the syptoms for neat freak
when you try to keep everything 100% clean
PLEASE HELP ASAP! What is the impact of effective purchasing on an operation’s cash flow?
Answer:
Cost reduction; leading to profit for the company/business.
Explanation:
Remember, a cash flow is an indication or indicator of the amount of money coming into and out of a business.
Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.
The practice of effective purchasing leads to Cost reduction and Profit maximization on operation’s cash flow.
Effective purchasing involves the practice of evaluating available suppliers for their performance, stability and efficiency to allow patronizing the one which offers lower cost service with same quality.
Effective purchasing results to cost reduction and thus, result to increased profit because the right items needed for operations at gotten at the fair price
Therefore, the practice of effective purchasing leads to Cost reduction and Profit maximization on operation’s cash flow.
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list 5 store documents pls ASAP
Explanation:
1. gate pass
2. stock card
3. stock requisition form
4. delivery note
5. stock order form
best regards!!
Countries such as the United States, the United Kingdom, France, Germany, the Netherlands, and Japan dominate in the share of total global stock of FDI and FDI outflows and in rankings of the world's largest multinationals because they
Answer: they were the most developed countries postwar and home to the largest and best capitalized enterprises
Explanation:
The options to the question are:
A. they were the most developed countries postwar and home to the largest and best capitalized enterprises.
B. they pursued a policy of blocking or restricting FDI inflow into their own economies.
C. they provided subsidies for their domestic firms to protect them from foreign competition.
D. they control much of the operating structure of the WTO which governs international trade.
E. they were the governing body of the International Monetary Fund.
The main reason for the dominance of countries such as the United States, France, the United Kingdom, Japan, Germany, and the Netherlands, in the share of total global stock of FDI and FDI outflows and in the rankings involving world's largest multinationals is because after the world war, they were the most developed.
Another reason is because they are the home to the largest and best capitalized enterprises. These countries mentioned in the question have the best technologies and are always innovative coming out with better ideas and technologies, hence their dominance in the world market.
Justin, a real estate salesperson with City Brokerage, received a referral fee after referring a client to Mark, another real estate salesperson with City Brokerage. Who ultimately pays Justin his referral fee...?
Answer: Justin's sponsoring broker
Explanation:
From the question, we are informed that Justin, a real estate salesperson with City Brokerage, received a referral fee when he refered a client to Mark, who is another real estate salesperson with City Brokerage.
The person to pay Justin his referral fee will be Justin's sponsoring broker. It should be noted that when another agents gets a referral from an agent, the sponsoring broker is the one who gives the referral fee to the referring agent.
Revenue & Sales Corporation and Software, Inc., enter into a contract for the design of custom software for which Revenue & Sales agrees to pay $64,500. Software transfers the right to payment under the contract to CreditLine LLC. This transfer is
Answer:
An Assignment
Explanation:
Assignment in contract occurs when a party to a contract transfers the contract's obligations and benefits to another party so that the new party can take over the contacts obligation and right.This is guided by an assignment agreement that shows the intent to transfer the rights and obligation.
The process of contract assignment involves the assignor and the assignee. The assignor is the party that transfers its right and obligation while the assignee is the party that receives the right and obligation
Quinn is an accountant employed by CCDL Enterprises. Recently, she has spent much of her time working on defining measures of costs for the production department and checking to ensure that various departments are staying within their budgets. Quinn is a
Answer: Private accountant whose work involve managerial accounting
Explanation:
From the question, we are informed that Quinn is an accountant who is employed by CCDL Enterprises and that recently, she has spent much of her time working on defining measures of costs for the production department and checking to ensure that various departments are staying within their budgets.
The above analysis shows that Quinn is a private accountant whose work involve managerial accounting. This is illustrated in what she does whch has been analysed in the question.
In which sector of agriculture would an
AgLoan Officer be classifed?
A. agribusiness
B. animal systems
C. natural resources and environmental systems
D. power, structure, and technical systems
Answer:
A
Explanation:
The correct answer would be agribusiness.
Agribusiness is a section of the agricultural sector that focuses mainly on the commercial/business side of agricultural production.
Agloan is a short form for agricultural loan. An Agloan officer is best classified under the business side of agriculture because their works have to do with granting loans to farmers for a profit.
The correct option is A.
A new client of the member firm has just opened a margin account. After account approval, the client's initial trade is an order to purchase 100 shares of LMN common stock at $25. With Regulation T at 50%, in order to be in compliance with all regulations, the client would need to deposit:___________
Answer:
$2,000
Explanation:
Data provided in the question
Number of shares purchased = 100 shares
Price of common stock = $25
Given percentage = 50%
Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000
Determine the single plantwide factory overhead rate, using each of the following allocation bases: (a) direct labor hours and (b) machine hours. Direct labor hour overhead rate $ per direct labor hour Machine hour overhead rate $ per machine hour 2. Determine the product factory overhead costs, using (a) the direct labor hour plantwide factory overhead rate and (b) the machine hour plantwide factory overhead rate. Automobile Bumpers Valve Covers Wheels Direct labor hours $ $ $ Machine hours $ $ $
Answer and Explanation:
1.
The direct labor overhead rate using the direct labor hours is shown below:-
Direct labor overhead rate = Total overheads ÷ Direct labor hours
= $220,800 ÷ 1,725
= $128
b. The machine hour overhead rate using the machine hours is
= Total overhead ÷ Machine hours
= $220,800 ÷ 4,600
= $48
2.
The factory overhead costs using direct labor hour is
Particulars Automobile Valve Wheels Total
bumpers covers
Direct labor
hours 730 480 515
Overhead rate $128 $128 $128
Total $ 93,440 $61,440 $65,920 $220,800
For determining the total overhead we simply multiply the direct labor hours with overhead rate.
The factory overhead costs using machine hour is
Particulars Automobile Valve Wheels Total
bumpers covers
Machine hours 1,970 1,270 1,360
Overhead rate $48 $48 $48
Total overhead $94,560 $60,960 $65,280 $220,800
For determining the total overhead we simply multiply the machine hours with overhead rate.
After graduation, you plan to work for Donald's Fashion Co. For seven years and then start your own business. You expect to save and deposit $10,000 a year for the first three years (t=1 through t=3) and $14,000 annually for the four years after (t=4 through t=7). The deposits are made at the end of each year, with the first deposit being made a year from today. In addition, your grandfather just gave you a $40,000 graduation gift which you will deposit immediately (i.E. T=0). If the account earns 8% compounded annually, how much will you have saved when you start your business seven years from now?
Answer:
The amount that will you have saved when you start your business seven years from now is $175,805
Explanation:
In order to calculate the amount that will you have saved when you start your business seven years from now we would have to calculate the Future Value from the deposit since the year 0 to year 7 as follows:
Future value of year 0 with deposit of $40,000 and rate 8%=PV(1+r)∧t
Future value of year 0 with deposit of $40,000 and rate 8%=$68,552.97
Future value of year 1 with deposit of $10,000 and rate 8%=$15,868.74
Future value of year 2 with deposit of $10,000 and rate 8%=$14,693.28
Future value of year 3 with deposit of $10,000 and rate 8%=$13,604.89
Future value of year 4 with deposit of $14,000 and rate 8%=$17,635.97
Future value of year 5 with deposit of $14,000 and rate 8%=$16,329.60
Future value of year 6 with deposit of $14,000 and rate 8%=$15,120.00
Future value of year 7 with deposit of $14,000 and rate 8%=$14,000.00
Therefore, amount that will you have saved=$68,552.97 + $15,868.74 + $14,693.28+$13,604.89+$17,635.97+$16,329.60+$15,120.00+$14,000.00
amount that will you have saved=$175,805
The amount that will you have saved when you start your business seven years from now is $175,805