Answer:
c. $6,076
Explanation:
Calculation for what Alison should record the purchase
Purchase=$6,200 ×(100%-2%)
Purchase=$6,200 ×98%
Purchase=$6,076
Therefore if Alison uses the net method to record purchases she should record the purchase at:$6,076
When you add additional forms to a project, you add additional ________, which are stored in their own files.
Jill Bower purchased 320 shares of stock for $29 a share and sold it for $35 a share. The commissions required to buy and sell her stock totaled $300 for each transaction. Assuming she received no dividends during the time she owned the stock, what is her total investment on the purchase of this stock?a. $2.140.b. $2.500.c. $1,580.d. $625.e. $1860.
Answer:
Jill Bower
Her total investment on the purchase of this stock is:
$9,880.
Explanation:
Number of shares purchased = 320
Share price at purchase = $29
Cost of the purchase = $9,280
Purchase Commission = 300
Total cost = $9,580
Sales proceeds = $11,200
Sales Commission = 300
Net proceeds = $10,900
Therefore, the total investment will be equal to the purchase cost (initial investment) + the sales commission, which is equal to $9,880.
= $9,580 + $300
= $9,880
The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:
Dr Cr
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Answer:
do you still need help?
Explanation:
Magee Company's stock has a beta of 1.20, the risk-free rate is 4.50%, and the market risk premium is 5.00%. What is Magee's required return
Answer:
10.50%
Explanation:
Calculation for Magee's required return
Using this formula
Required return=Risk-free rate+Beta(Market risk premium)
Let plug in the formula
Required return= 4.50% + 1.20(5.00%) .
Required return=4.50%+6%
Required return= 10.50%
Therefore Magee's required return will beb10.50%
Nicky receives a car for Sam as a gift. Sam paid $48,000 for the car. He had used the car for business purposes and had deducted $10,000 for depreciation up to the time he gave the car to Nicky. The fair market value of the car is $33,000. a. Assuming that Nicky uses the car for business purposes, what is her basis for depreciation? b. Assume that Nicky deducts depreciation of $6500 and then sells the car for $32,500. What is are recognized gain or loss? c. Assume that Nicky deducts depreciation of $6500 and then sells the car for $20,000. What is are recognized gain or loss?
Answer:
A.Basis for depreciation=$38,000 gain
Loss basis =$33,000 (Fair market value)
B.Realized gain$ 1,000
C. Realized loss($ 6,500)
Explanation:
A. Calculation for basis for depreciation
Basis for depreciation =$48,000-$10,000
Basis for depreciation=$38,000 gain
Loss basis =$33,000 (Fair market value)
B.Calculation for her recognized gain or loss
Amount realized$32,500
Less Adjusted basis 31,500
( $38,000 - $6,500)
Realized gain$ 1,000
C. Calculation for her recognized gain or loss?
Amount realized$20,000
Less Adjusted basis $26,500
( $33,000 - $6,500)
Realized loss($ 6,500)
An operator trainee is attempting to monitor a filling process that has an overall average of 705 cc. The average range is 17 cc. If you use a sample size of 6, what are the upper and lower control limits for an R-chart?
Answer and Explanation:
The computation of the upper and lower control limits for R-chart is shown below:
Upper Control limit of [tex]\bar x[/tex] chart is
[tex]\bar x[/tex] + A2 × [tex]\bar R[/tex]
=705 + 0.483 × 17
=713.21
Lower Control Limit Of [tex]\bar x[/tex] Chart is
[tex]\bar x[/tex]- A2 × [tex]\bar R[/tex]
= 705 - 0.483 × 17
= 696.789
The A2 value could be taken from the X bar and R bar chart having a sample size of 6
Now
Upper control limit of R Chart
= D4 × [tex]\bar R[/tex]
= 2.004 × 17
= 34.068
And,
Lower limit of R chart
= D3 × [tex]\bar R[/tex]
= 0.076 × 17
= 1.292
The D3 value is not available for the sample size 6 so we took the values of sample size 6
Also the D3, D4, and A2 could be taken from X bar tables and the range chart
A stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent. What must the beta of this stock be?
Answer: 0.44
Explanation:
From the question, we are informed that a stock has an expected return of 13.4 percent, the risk-free rate is 9 percent, and the market risk premium is 10 percent.
The beta of this stock be calculated as:
= (13.4% - 9%) / 10%
= 4.4% / 10%
= 0.044 / 0.10
= 0.44
Therefore, the beta of the stock is 0.44
In a perfectly competitive market, state the condition (clearly) that causes firms to enter the market? When does the entry and exit of firms from the perfectly competitive industry end? (micro economic question)....write it in your own words :)
What factors under the control of owners and managers make a firm successful and allow it to earn economic profits?
Owners and managers control some of the factors that make a firm successful such as:______.
A, The goverment's ability to promote economic growth
B. Sheer chance
C. The role foreign oil plays in determining transportation costs
D. The firm's ability to produce at an average cost above the minimum long - run average cost
E. The firm's ability to differentiate its product
Answer: E. The firm's ability to differentiate its product
Explanation:
The factor under the control of owners and managers that make a firm successful and allow it to earn economic profits is the firm's ability to differentiate its product.
Product Differentiation has to do with making a product unique from that of its rivals so that it'll be attractive to the customers and the target market. This will slow be vital for the company to produce at a average cost that is lower than that of its competing firms. This will help the company to have a competitive edge over others.
Fitch Ratings a credit rating agency, recently downgraded Vermont's debt rating from AAA to AA, citing the state's economy and changing demographics This change could supood:________.a. Increase the direct costs of the state's debt. b. Increase private investment c. Cause the vote to invest in more securities d. None of these likely to occur
Answer:
a. Increase the direct costs of the state's debt.
Explanation:
When a bond's rating is downgraded is a signal to the investors that investing in the bond now is riskier than it was prior to the rating downgrade, hence, a perceived higher risk using the risk/return relationship means that the bond issue would have to offer a higher return to entice the investors to invest in the bonds.
As a result, the higher required rate of return translates into a higher direct cost of the state's debt since their interest rate offered has increased
A stock has a beta of 1.2. Suppose the expected market risk premium (EMRP) is 6% and the risk-free rate is 1%. What is this stock's expected return according to the CAPM
Answer:
7%
CAPM = 1% + [6% - 1%](1.2) = 1% + 6% = 7%
When the character playing Alice in Wonderland signed autographs and had her picture taken with guests at Disneyworld, it was an example of a(n):______
a. Customer action
b. Onstage contact employee action
c. Backstage contact employee action
d. Support process
e. Audience action
Answer: B. Onstage contact employee action
Explanation:
When the character playing Alice in Wonderland signed autographs and had her picture taken with guests at Disneyworld, it was an example of onstage contact employee action
Onstage visible actions by employees are referred to as the face-to-face contacts that the employees of an organization have with their customers while delivering the products. For the backstage contact employee action, those are not visible to customers.
A few years ago the British government was considering retiring, or buying back from investors, some outstanding consols that had annual coupons of . A consol is:______
a. a coupon bond that pays a variable coupon rate and does not mature.
b. a coupon bond that pays a fixed coupon rate and has a fixed maturity date.
c. a coupon bond that pays a variable coupon and has a fixed maturity date.
d. a coupon bond that pays a fixed coupon rate and does not mature.
If the yield to maturity on other long-term British government bonds was 2.0%, the price the British government is likely to offer investors is £ _________
Answer: d. coupon bond that pays a fixed coupon rate and does not mature.
$3250
Explanation:
A consol is a coupon bond that pays a fixed coupon rate and does not mature. Consols are consolidated annuities that are perpetual. A steady amount of interest is paid for a consol even though they're not redeemable
Price of a consol will be gotten as fixed coupon amount divided by the rate of return. Let's assume that the fixed coupon amount is $65, then the price will be:
= 65/2%
= $3250
_____ set their own goals and inspect their own work, often hire their own replacements and prepare their own budgets.a) Virtual teams
b) Enlarged teams
c) Socio-technical teams
d) Self-managed teams
Answer:
HEY PLS DON'T JOIN THE ZOOM CALL OF A PERSON WHO'S ID IS 825 338 1513 (I'M NOT SAYING THE PASSWORD) HE IS A CHILD PREDATOR AND A PERV. HE HAS LOTS OF ACCOUNTS ON BRAINLY BUT HIS ZOOM NAME IS MYSTERIOUS MEN.. HE ASKS FOR GIRLS TO SHOW THEIR BODIES AND -------- PLEASE REPORT HIM IF YOU SEE A QUESTION LIKE THAT. WE NEED TO TAKE HIM DOWN!!! PLS COPY AND PASTE THIS TO OTHER COMMENT SECTIONS!!
Explanation:
HEY PLS DON'T JOIN THE ZOOM CALL OF A PERSON WHO'S ID IS 825 338 1513 (I'M NOT SAYING THE PASSWORD) HE IS A CHILD PREDATOR AND A PERV. HE HAS LOTS OF ACCOUNTS ON BRAINLY BUT HIS ZOOM NAME IS MYSTERIOUS MEN.. HE ASKS FOR GIRLS TO SHOW THEIR BODIES AND -------- PLEASE REPORT HIM IF YOU SEE A QUESTION LIKE THAT. WE NEED TO TAKE HIM DOWN!!! PLS COPY AND PASTE THIS TO OTHER COMMENT SECTIONS!!
Zebco Inc is evaluating a project that has a cost of $1,000 and will produce end-of-year net cash inflows of $500 per year for 3 years. The required rate of return for this project's is 10 percent. The difference between the project's IRR and its MIRR is closest to:_________.
a. 5.09%
b. 5.75%
c. 4.31%
Answer:
a. 5.09%
Explanation:
initial outlay = -$1,000
cash flow 1 = $500
cash flow 2 = $500
cash flow 3 = $500
the simplest way to determine the IRR and MIRR is to use an excel spreadsheet and the IRR and MIRR functions:
IRR = 23.38%
in order to us the MIRR formula, we must use the 10% rate as both financing and reinvestment rates.
MIRR = 18.29%
difference between them = 23.38% - 18.29% = 5.09%
Critically examine the maximax criteria for decision making under uncertainty
Explanation:
A decision under uncertainty is when there are many unknowns and no possibility of knowing what could occur in the future to alter the outcome of a decision.
Trevor Ang holds a $400,000 portfolio consisting of the following stocks:
Stock Investment Beta
A $100,000 1.40
B $70,000 1.60
C $30,000 1.10
D $200,000 1.00
Total $400,000
What is the portfolio's beta?
Answer:
Portfolio beta = 1.2125
Explanation:
The portfolio beta is a function of the weighted average of the individual stocks' betas that form up the portfolio. To calculate the beta of a portfolio, we use the following formula,
Portfolio Beta = wA * Beta of A + wB * Beta of B + ... + wN * Beta of N
Where,
w is the weight of each stock
Portfolio Beta = 100000/400000 * 1.4 + 70000/400000 * 1.6 +
30000/400000 * 1.1 + 200000/400000 * 1
Portfolio beta = 1.2125
You work as a tutor for ECON 102. You sell your services at $20/hr., and you can only tutor one person at a time. Suppose you currently have 5 clients. If it cost you on average $14/hr to tutor the first student, in order to increase profits you should. a. We need more information to answer b. Find more clients c. Lower the price d. Get rid of some clients e. Continue to see the same number of clients
Answer:
a. We need more information to answer
Explanation:
In order to correctly answer his question we need more information. Economy is all about the margin, i.e. marginal revenue versus marginal cost. We are given the marginal revenue ($20/hr of tutoring services) but we are not given the marginal costs of tutoring. We only know that the cost of tutoring the first hour is $14, but what about the rest of the hours. Since you have 5 clients, you must be tutoring more than 1 hour per day. It is always easier to determine the marginal revenue since we determine it, while we cannot determine which costs we would like to incur.
Profits should be maximized when marginal revenue = marginal cost, but unless we know the marginal cost of tutoring the rest of the students we simply cannot answer this question.
who developed the revealed preference theory?
In economics
Answer:
In 1938 Samuelson presented revealed preference theory as an alternative to utility theory, while in 1950, Samuelson took the demonstrated equivalence of the two theories as a vindication for his position, rather than as a refutation.
Answer:
Samuelson developed the revealed preference theory.
A simple random sample of 700 individuals provides 200 Yes responses. a. What is the point estimate of the proportion of the population that would provide Yes responses (to 2 decimals)? b. What is your estimate of the standard error of the proportion (to 4 decimals)? c. Compute the 95% confidence interval for the population proportion (to 4 decimals).
Answer and Explanation:
A. The point estimate of individuals that would provide yes responses is the sample proportion. The sample proportion is calculated by dividing number of yes responses by sample size:
p = x/n = 200/700= 0.2857
B. The standard error of the population is the square root of the product of the point estimate and it's complement divided by the sample size given by
√p(1-p)/n
=√0.2857(1-0.2857)/700= 0.0170
C. For confidence level 95%, z score is calculated 1-0.95= 0.05/2= 0.025
Z score checked under the table = 1.96
Boundaries=
P-1.96 *standard error and p+1.96 *standard error
= 0.2857-1.96*0.0170= -0.25238
=0.2857+1.96*0.0170= 0.31902
Note : BODMAS demands we multiply first in the above calculation before subtraction or addition.
Find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30%, if it offers a yield of 4.50%
Answer and Explanation:
The computation of the equivalent taxable yield is shown below:
For zero = 4.50%
For 10% = 4.50 ÷ 0.90 = 5%
For 20% = 4.50 ÷ 0.80 = 5.625%
For 30% = 4.50 ÷ 0.70 = 6.43%
For 10%, for 20% and for 30% it would reduced the tax brackets by the same
like
for 10%
= 1 - 0.10
= 0.90
The Same applied for other ones
Therefore the above should be the answer
In order to maximize profit, this perfectly competitive firm should produce:________.a. 30 units of output. b. 60 units of output. c. 50 units of output. d. 40 units of output.
Answer:
Perfect Competition meaning & equilibrium condition. Explanation of various cases when Q can be either options.
Explanation:
Perfect Competition market is a market with many buyers & sellers, selling homogeneous products, at identical prices.
Perfect competition firm is at equilibrium, when : Marginal Revenue (MR), ie same as Price (P) = Marginal Cost (MC)
Suppose TC = 100 + Q^2 , P = 60Then MC = 2Q . Equalising MC & P, Q = 60 / 2 = 30
Suppose TC = 100 + Q^2 , P = 80Then MC = 2Q. Equalising MC & P , Q = 80/2 = 40
Suppose TC = 100 + Q^2 , P = 100Then MC = 2. Equalising MC & P, Q = 100/2 = 50
Suppose TC = 100 + Q^2 , P = 120Then MC = 2Q. Equalising MC & P, Q = 120 / 2 = 60
From the list of universality skills,gey the aspects which you think you have embody.
Answer:
i didn't got ur question..
An investor can invest money with a particular bank and earn a stated interest rate of 8.80%; however, interest will be compounded quarterly. What are the nominal (or stated), periodic, and effective interest rates for this investment opportunity? Interest Rates Nominal rate 8.80% Periodic rate 6.12% Effective annual rate 9.00%
Answer:
nominal interest rate = 8.8%
periodic interest rate = 2.2%
the effective interest rate = 9.09%
Explanation:
nominal interest rate is the rate given to the investor = 8.8%
periodic interest rate = nominal interest rate / total number of compounding periods per year = 8.8% / 4 = 2.2%
the effective interest rate = (1 + periodic interest rate)ⁿ - 1 = (1 + 8.8%/4)⁴ - 1 = (1 + 8.8%/4)⁴ - 1 = (1 + 2.2%)⁴ - 1 = 1.0909 - 1 = 0.0909 = 9.09%
Monopolistic competition is defined by product differentiation .explain
Explanation:
Product differentiation is the means used by a firm in a monopolistic competitive market with many firms selling similar products to differentiate its product from that of other firms
Answer:
In Monopolistic Competition, a buyer can get a specific type of product only from one producer. In other words, there is product differentiation. The firms have to incur selling expenses since there is product differentiation. There is a large number of sellers with inter-dependent demand and supply conditions
Explanation:
If the current price of a stock is P=40, its β=1.25, and the expected rate of return of the market portfolio is r¯M=0.13, what does CAPM predict for the price of the stock in a year? Use rf=0.05 as the risk-free rate.
Answer:
im sorry
Explanation:
The business judgment rule protects corporate officers and directors when: _________
a. they have a financial self-interest in the disputed transaction.
b. they are unaware of some of the material aspects of a decision.
c. they set up a committee to establish a decision-making procedure that serves the best interests of the corporation.
d. the liability stemmed from a breach of duty.
The business judgment rule protects corporate officers and directors when option c. they set up a committee to establish a decision-making procedure.
What is the business judgment rule:It is considered as the legal principle that protected the board of directors from breach of the liability of fiduciary duty since the directors should be acted in good faith of the shareholders and assure the logical and well-informed decision-making process
So based on this, we can say that the option c is correct.
Learn more about judgment here: https://brainly.com/question/3945431
Alma Corp. issues 2,480 shares of $8 par common stock at $16 per share. When the transaction is recorded, credit(s) are made to a.Common Stock $19,840 and Retained Earnings $19,840. b.Common Stock $19,840 and Paid-in Capital in Excess of Stated Value $19,840. c.Common Stock $39,680. d.Common Stock $19,840 and Paid-in Capital in Excess of Par Value $19,840.
Answer:
b. Common Stock $19,840 and Paid-in Capital in Excess of Stated Value $19,840.
Explanation:
Journal Entry
Particulars Debit Credit
Cash ($16*2,480) $39680
Common stock (2,480 *$8) $19,840
Paid in capital in excess of par value (2,480 *$8) $19,840
Renoir Associates has declared a $49,000 cash dividend to shareholders. The company has 4,000 shares of $16par, 6% preferred stock and 11,000 shares of $16par common stock. The preferred stock is noncumulative. How much will be distributed to the preferred and common stockholders on the date of payment?
Answer:
Preferred stock dividend is paid our before common dividends are paid out. Preferred dividends are;
= 4,000 * 16 * 6%
= $3,840
Common Stock Dividends
= 49,000 - 3,840
= $45,160
A firm has a machine it can sell for $40,000. The book value of the machine is currently $20,000. If the firm sells the machine, what are the net proceeds from the sale? Assume that the tax rate is 40%. Round to the nearest penny.
Answer:
the net proceeds from the sale is $32,000
Explanation:
The computation of the net proceeds from the sale is shown below:
Net Proceeds = Sale Price - Tax × (Sale price - purchase price)
= $40,000 - 40% × ($40,000 - $20,000)
= $40,000 - $8,000
= $32,000
Hence, the net proceeds from the sale is $32,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered