Question Completion:
Note that the June Settlement Futures rate = $0.10773/Ps from the Exhibit 7.1 (not provided here).
Answer:
Amber McClain
a) If spot rate = $0.12000/Ps:
The value of her position at maturity = -$49,000
b) If spot rate = $0.09800/Ps:
The value of her position at maturity = -$88,000
c) If spot rate = $0.11000/Ps:
The value of her position at maturity = -$40,000
Explanation:
a) Data and Calculations:
Notional selling price of June futures = 500,000 pesos
Number of contracts = 8
June Settlement Futures rate = $0.10773/Ps
a) If spot rate = $0.12000/Ps:
The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8
= -500,000 * ($0.12000/Ps - $0.10773/Ps) * 8
= -500,000 * 0.01227 * 8
= -$49,000
b) If spot rate = $0.09800/Ps:
The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8
= -500,000 * ($0.12000/Ps - $0.09800/Ps) * 8
= -500,000 * 0.022 * 8
= -$88,000
c) If spot rate = $0.11000/Ps:
The value of her position at maturity = -Notional selling price * (Spot rate - Futures rate) * 8
= -500,000 * ($0.12000/Ps - $0.11000/Ps) * 8
= -500,000 * 0.01 * 8
= -$40,000
The short-run average variable cost curve: a. starts above the origin and always slopes upward. b. is always downward sloping. c. slopes downward at low rates of output and then slopes upward at higher rates of output. d. starts at the origin and always slopes upward. e. is a horizontal line intersecting the vertical axis.
Answer:
c
Explanation:
When total imports of exceed export, then the balance is to be
Answer:
Negative
Explanation:
Which government agency oversees &
provides information on identity theft?
O Department of the Treasury
O Federal Communications Commission
O Major League Baseball
O Federal Trade Commission
Westland College uses a 10% discount rate and the total cost approach to capital budgeting analysis. Both alternatives are expected to have a useful life of eight years. The working capital would be released for use elsewhere when the project is completed. The net present value of the alternative of overhauling the present system is closest to:
Answer: hello your question is incomplete attached below is the complete question
answer : $(1,236,495). ( A )
Explanation:
Attached below is the Calculation of the net present value of the alternative of overhauling the present system
The value of Net present value = ∑ present value
= -300000 - 200000 - 906950 + 77055 + 93400
= - 1,236,495
During the past year, Arther Anderson Services paid $360,800 in interest along with $48,000 in dividends. The company issued $230,000 of stock and $200,000 of new debt. The company reduced the balance due on the old debt by $225,000. What is the amount of the cash flow to creditors
Answer: $385800
Explanation:
The amount of the cash flow to creditors will be calculated thus:
Begining total liabilities = $225000
Ending total liabilities = $200000
Interest = $360800
Cash flow to creditors will be:
= Begining total liabilities - Ending total liabilities + Interest
= $225000 - $200000 + $360800
= $385800
Potts company uses a job costing system and had the following data available for 20X9.
Cost of raw materials purchased on account $ 75,000
Cost of raw materials requisitioned(includes
$2,000 of indirect materials) $ 43,000
Direct labor cost incurred $ 75,000
Manufacturing overhead costs incurred $ 95,000
Cost of goods completed $ 226,750
Cost of goods sold $ 138,000
Raw materials inventory, Jan. 1, 20X9 $ 15,000
Work in process inventory, Jan. 1, 20X9 $ 32,000
Finished goods inventory, Jan. 1, 20X9 $ 31,000
Pre-determined manufacturing overhead rate 125% (as a percent of direct labor cost)
Refer to Case 1.
The journal entry to record the total materials placed into production would include which of the following?
A) debit to manufacturing overhead for $41,000
B) debit to work in process for $43,000
C) debit to work in process for $41,000
D) credit to manufacturing overhead for $2.000
Refer to Case 2.
The journal entry to record the actual manufacturing overhead costs incurred would include which of the following?
A) debit to manufacturing overhead $95,000
B) debit to work in process for 93.750
B) credit to work in process $95,000
C) credit to manufacturing overhead $93,750
Answer:
1. C) debit to work in process for $41,000
2. A) debit to manufacturing overhead $95,000
Explanation:
1. The materials that were placed into production are:
= Cost of raw materials requisitioned - indirect materials
= 43,000 - 2,000
= $41,000
This will be debited to the Work in Progress as it is a direct cost.
2. Manufacturing overhead for the period is $95,000 and this will go to the manufacturing overhead account as a debit because it is an expense.
Robert worked as a campus police officer at Cal Poly Pomona. As part of his union contract, Robert was required to submit to a drug test four times per year. He tested positive for crystal meth (an illegal drug) during one of his regularly-scheduled drug tests. According to the same union contract, a positive test for an illegal drug could result in automatic termination, so Robert was fired from his job. Robert sued Cal Poly Pomona for wrongful employment termination. What should be the result
Answer:
Cal Poly Pomona and Robert
Robert stands terminated according to the employment contract that he signed to.
Explanation:
Robert cannot cite wrongful termination because his termination was not in violation of any federal anti-discrimination laws or based on any breach of his contract with the union. Clearly, Robert was not fired on the basis of his race, gender, ethnic background, religion, or disability, but on the basis of testing positive for an illegal drug. Substance abuse, ordinarily, renders the affected officer unfit for his or her responsibilities.
The result of Robert suing Cal Poly Pomona for wrongful employment
termination will be a negative one and his employment will remain
terminated.
Robert signed an agreement before taking the offer to work as a campus
police officer. Part of the union contract states that a positive test for an
illegal drug will result in automatic termination. This was signed by Robert
which means he agreed to the terms and condition.
Suing Cal Poly Pomona won't yield any positive result because of him
signing the union contract thereby agreeing to that condition.
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What was the overall response to Cornett’s plan to put his city on a diet, both locally and nationwide? What were some things that occurred as a result of the coverage and his website.
Mayor Cornett's initiative was well received nationally and locally because he cared for the public health of citizens in an innovative way.
Who is Michael Cornett?Michael Cornett (1958) is an American politician who served as the mayor of Oklahoma City between 2005 and 2018.
During his tenure, he had an innovative and unconventional initiative that he called This City Is Going On A Diet with which he sought to establish guidelines for good nutrition and a healthy lifestyle to reduce obesity rates in the city.
In general, this initiative was well received by the inhabitants of the city who joined efforts to lose weight. Additionally, this had a positive impact at the national level since the president's wife extolled her positive work for the health of citizens.
In this program, he founded a help website for people who were interested in getting professional weight loss support. There they found healthy food options, tips and other pertinent information to help them lose weight.
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Nat is a salesman for a real estate developer. His employer permits him to purchase a lot for $75,000. The employer's adjusted basis for the lot is $45,000, and its normal selling price is $90,000. What is Nat's recognized gain and his basis for the lot
Answer:
Recognized gain = $15,000
Basis for lot = $90,000
Explanation:
According to the scenario, computation of the given data are as follows,
Purchase amount = $75,000
Adjusted basis = $45,000
Normal selling price = $90,000
So, Recognized gain = Normal selling price - Purchase amount
By putting the value, we get
Recognized gain = $90,000 - $75,000
= $15,000
Now, Basis for lot = Purchase amount + Recognized gain
= $75,000 + $15,000
= $90,000
The Tinslow Co. has 125,000 shares of stock outstanding at a market price of $93 a share. The company has just announced a 5-for-3 stock split. How many shares of stock will be outstanding after the split
Answer:
Total shares outstanding = 208,333 units
Explanation:
A stock split occurs where a company increases the the total unit of its existing shares by dividing them . It does this to achieve a cheaper nominal price of per unit of share without increasing the total nominal value
Total shares outstanding = 5/3× 125,000= 208,333.
Total shares outstanding = 208,333 units
Stock X and Stock Y have a correlation coefficient of .5. Stock X has an expected return of 10% and a standard deviation of 10%. Stock Y has an expected return of 14% and a standard deviation of 21%. What is the portfolio standard deviation if 60% of your wealth is invested in Stock X and 40% in Stock Y
Answer:
12.53%
Explanation:
Since there are only two assets in the portfolio, its standard deviation can be determined using the two-asset portfolio standard deviation provided below;
σP = (wA2 * σA2 + wB2 * σB2 + 2 * wA * wB * σA * σB * ρAB)^(1/2)
wA=proportion of the portfolio invested in X=60%
σA=standard deviation of return on X= 10%
wB=proportion of the portfolio invested in Y=40%
σB=standard deviation of return on Y =21%
ρAB= correlation between X and Y=.5
σP=(60%^2*10%^2+40%^2*21%^2+2*60%*40%*10%*21%*.5)^(1/2)
σP=12.53%
what are the examples of veriable costs
Answer:
Common examples of variable costs include costs of goods sold (COGS), raw materials and inputs to production, packaging, wages and commissions, and certain utilities (for example, electricity or gas that increases with production capacity).
Explanation:
Jasper pays a fair price for Rosa's five wooded acres in a valid contract. But, Rosa decides she does not want to give up the land after and will not leave. Jasper can file suit and ask for ______________________ to take the land per the contract. specific performance a recission punitive damages complete performance
Answer:
specific performance
Explanation:
A specific performance is defined as remedy issued by a court when a conflict in contact occurs.
This instructs a particular party to perform a specific task in a contract or complete execution of the contract.
In this instance where Jasper pays a fair price for Rosa's five wooded acres in a valid contract. But, Rosa decides she does not want to give up the land after and will not leave.
Jasper can seek a specific performance to compel Rosa to go through with the sale
WILL GIVE BRAINLIEST PLS ANSWER (PERSONAL AND FAMILY FINANCE)
Yusef’s financial advisor tells him that he has made a great budget. Why was he MOST likely successful with his budget?
A.
He refused to accept any changes to it.
B.
He did not share the information with his family.
C.
He chose realistic amounts for each category.
D.
He was the only member of the family who crafted it.
Answer: A
Explanation:
Yusef’s financial advisor tells him that he has made a great budget. He is most likely successful with his budget because he refused to accept any changes to it. Option (a) is correct.
What do you mean by Budget?A budget is a financial plan that projects future earnings and costs.
The Personal and Family Finance assessment and certification will cover both foundational skills for personal and family finance careers as well as skills required for success in managing personal and family financial matters in daily life (a necessary skill set to maximize success in all career areas).
The phrase "personal finance" refers to managing your finances as well as saving and investing. It includes financial planning for retirement, taxes, and estates, as well as banking, insurance, mortgages, and investments.
Therefore, Option (a) is correct. He refused to accept any changes to it.
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Imp Company uses a periodic inventory system. Beginning inventory on January 1 was overstated by $32,000, and its ending inventory on December 31 was understated by $62,000. These errors were not discovered until the next year. As a result, the company's gross profit for this year was:
Answer:
$30,000 Overstated
Explanation:
Calculation to determine the gross profit
Using this formula
Gross profit = Beginning inventory overstated- Ending inventory understated
Let plug in the formula
Gross profit =$32,000-$62,000
Gross profit=$30,000 Overstated
Therefore the gross profit is $30,000 Overstated
To discourage producing for inventory, management can ________.
A) discourage using nonfinancial measures such as units in ending inventory compared to units in sales
B) evaluate performance over a quarterly period rather than a single year
C) incorporate a carrying charge for inventory in the internal accounting system
D) implement absorption costing across all departments
Answer:
incorporate a carrying charge for inventory in the internal accounting system
Explanation:
Inventory
This is simply known as the stock of items that is kept aside by an organization to meet internal or external customer demand. It type s includes: Raw Material, work in progress (WIP), maintenance/repair/operating supply (MRO), finished good etc.
The reasons organizations holds Inventory includes
1. Meet anticipated customer demand
2. To protect against stockouts
3. Take advantage of economic order cycles
4. Maintain independence of operations
5. Guard against price increases, etc.
The objective of inventory control is to handle overstocking or Understocking and also a major challenge is to maintain a good balance between inventory investment and customer service.
Customers have become increasingly anxious about breaches of privacy, and it is essential for marketing researchers to _________. Group of answer choices conceal consumers' addresses and phone numbers when they share information share information only with the sales department for follow-up respect and protect the privacy of customers without question refer to the company's code of ethics to determine what information can be released All of these
Answer:
All of these.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Over the years, customers have become increasingly anxious about breaches of privacy and compromise of their data by business firms. Thus, it is essential for marketing researchers to;
I. Conceal or hide consumers' addresses (both work and home) and phone numbers when they share information on any platform.
II. They should only share customer information with the sales department for follow-up.
III. Respect and protect the privacy of all of their customers without question or recourse.
IV They should always refer to the company's code of ethics so as to determine what information are permitted to be released for public consumptions.
A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Project S -$1,000 $895.10 $240 $5 $15 Project L -$1,000 $10 $260 $420 $749.71 The company's WACC is 9.0%. What is the IRR of the better project
Answer:
12.3%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
project S
Cash flow in year 0 = -$1,000
Cash flow in year 1 = $895.10
Cash flow in year 2 = $240
Cash flow in year 3 =$5
Cash flow in year 4 =$15
IRR = 12.3%
Project L
Cash flow in year 0 = -$1,000
Cash flow in year 1 = 10
Cash flow in year 2 = $260
Cash flow in year 3 =$420
Cash flow in year 4 = 749.71
IRR = 11.7
S is more profitable because the IRR is higher
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
This year Andrews achieved an ROE of 30.2%. Suppose management takes measures that increase Asset turnover (Sales/Total Assets) next year. Assuming Sales, Profits, and financial leverage remain the same, what effect would you expect this action to have on Andrews's ROE
Answer:
The answer is " Andrews ROE increases."
Explanation:
Please find the complete question in the attached file.
Using formula:
[tex]\text{ROE = Profit Margin} (\frac{Profit}{Sales}) \times \text{Total Asset Turnover} (\frac{Sales}{Assets}) \times \text{Equity Multiplier} (\frac{Assets}{Equity})[/tex]
As total asset sales (sales/assets) decline whereas other items remain constant, ROE decreases. Or we could assume that growth of asset turnover would result in increased ROE, culminating in much more sales per unit of asset held by the firm.
a. Cash production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses (all paid in cash) amount to $60,000 per month. The accounts payable balance on March 31 totals $96,000, all of which will be paid in April. Prepare a schedule for each month showing budgeted cash disbursements for Edwards Company. b. Assume that all units will be sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale and the remaining 10% in the second month following the month of sale. Accounts receivable on March 31 totaled $255,000 $(45,000 from February's sales and the remainder from March.) Prepare a schedule for each month showing budgeted cash receipts for Edwards Company.
Answer:
150,000
Explanation:
Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 14%. Analysts expect the price of Westsyde Tool Company shares to be $29 a year from now. The beta of Westsyde Tool Company's stock is 1.2. Using the CAPM, an appropriate required return on Westsyde Tool Company's stock is ________. (Hint: CAPM expected return is the required return) 8% 16.8% 15.6% 10.8%
Answer: 15.6%
Explanation:
The Capital Asset pricing model allows for us to calculate the required return on a stock using the risk free rate, the market premium and the beta of the stock.
Using the Capital Asset Pricing Model, the required return is calculated by the formula:
Required return = Risk free rate + Beta * (Market return - Risk free rate)
= 6% + 1.2 * (14% - 6%)
= 15.6%
Kate fell asleep with a candle lit by her bed. She was sleeping on a mattress manufactured by the United Mattress Co. The candle fell from her nightstand and dropped onto the mattress where she slept. The mattress caught fire and Kate was severely burned. The mattress was a cheap no-frills model. It had been treated with some chemical additives to make it partially flame-resistant, but only to the extent of slowing the speed at which the fabric caught fire. It is possible to make mattresses fully flame-proof, but the process is an expensive one, so expensive that it would have taken the price of this mattress out of the "budget" range. The mattress bore a label indicating "flame resistant." During a discussion with the sales manager Kate asked about whether it was safe, and indicated she sometimes kept a candle by the bed. The sales manager said it was "the best mattress on the market." Kate wants to file a lawsuit against United Mattress Co. Can Kate sue based on negligence? Can Kate sue based on breach of warranty?
Answer:
1. Kate cannot sue United based on negligence, which is the duty of care. United was not negligent and owed no duty of care in this instance to Kate.
2. Kate can rather sue based on a breach of warranty. There was a warranty (a written specific guarantee) on the mattress label, which indicated that it was "flame resistant."
Explanation:
A warranty, in this case, involves the written statement or claim by United Mattress Co. that the mattress was "flame resistant." United could have limited its liability for breach of a warranty by indicating clearly that the mattress could only slow the flaming process instead of just resisting flame. By making the onerous claim that the mattress was "flame resistant," United was exposing itself to liability claims by Kate, who was clearly negligent in putting a candle near her mattress while sleeping.
A company with 100,000 authorized shares of $7 par common stock issued 46,000 shares at $16. Subsequently, the company declared a 2% stock dividend on a date when the market price was $30 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend
Answer:
$27,600
Explanation:
Amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend:
= Shares issued * Percentage of stock dividend * Market price
= 46,000 shares * 2% * $30
= 46000*0.02*$30
= $27,600
Wenjing purchases a bond for $2,000 with 12 remaining $40 quarterly coupon payments. The bond broker who sells her the bond reassures her that she will earn a return of 3% per quarter but does not disclose the bond's par value. What par value would result in the return the bond broker promises
Answer:
Wenjing
The par value that would result in the return the bond broker promises is:
= $1,333.
Explanation:
a) Data and Calculations:
Bond amount paid = $2,000
Quarterly coupon payments = $40
Remaining coupon payments = 12
Bond maturity period = 3 years (12/4)
Promised returns per quarter = 3%
Par value of bond = Quarterly premium/Quarterly returns in percentage = $1,333 ($40/0.03)
Check: 3% of $1,333 = $40
This implies that the bond's annual interest rate = 12% (3% * 4)
Direct Method Question (2026, Current Period): 2026 2025 A/R 49,000 23,000 Prepaid Insurance 15,000 3,000 Salaries Payable 13,000 5,000 Sales 125,000 63,000 Insurance Expense 20,000 12,000 Salaries Expense 57,000 21,000 What is the second number in the cash event (direct method)
Answer:
$49,000
Explanation:
Missing"Cash Event => Cash Paid for Salaries Second Number => _____ __?___, ______ ______ ______"
Cash paid for salaries (using direct method)
Particulars Amount
Opening salaries payable $5,000
Add: Salaries expense for the current year $57,000
Less: Closing salaries payable $13,000
Cash paid for salaries during current year $49,000
A newspaper vendor is trying to determine how many daily papers to order. The cost to the vendor of a single paper is $0.75. The vendor sells each paper for $1.85. The value of the paper will drop to 0 the next day. If the daily demand for papers is normally distributed with a mean of 500 papers and a standard deviation of 100 papers. The newspaper vendor should order how many papers?
a. 500
b. 525
c. 559
d. 795
e. 475
Answer:c
Explanation:cuz it c
g at the close of its first year of operations, december 31, 2020, delaware company reported net realizable value of accounts receivable of $1,620,000. during 2020,the company had charges to bad debt expense of $270,000 and wrote off, as uncollectible, accounts receivable of $120,000. what should the company report on its balance sheet at december 31, 2020, as accounts receivable before the allowance for doubtful accounts
Answer:
$1,770,000
Explanation:
Given the above information, the computation of accounts receivable before the allowance is shown below;
= Beginning account receivable balance + Bad debt expense - Uncollectible accounts receivables
= $1,620,000 + $270,000 - $120,000
= $1,770,000
The bad debt is an expense hence will be added whereas the account receivable which is yet to be collected should be deducted the computation part.
Russell Container Corporation has a $1,000 par value bonds outstanding with 30 years to maturity. The bind carries an annual interest payment of $105 and is currently selling for $880 per bond. Russell Corp. is in a 40 percent tax bracket. The firm wishes to know what the after-tax cost of a new bind issue is likely to be. The yield to maturity on the new issue will be the same as the yield to maturity on the old issue because the risk and maturity date will be similar.
a) Compute the yield to maturity on the old issue and use this as the yield for the new issue.
b) Make the appropriate tax adjustment to determine the after-tax cost of debt.
Answer: here is the answer
Explanation: 1gtv/76hg
Retrenching to a narrower diversification base Group of answer choices is a strategy best reserved for companies in poor financial shape. is directed at improving long-term performance by building stronger positions in a smaller number of core businesses. is an attractive strategy option for revamping a diverse business lineup that lacks strong cross-business financial fit. is usually the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth. is sometimes an attractive option for deepening a diversified company's technological expertise and supporting a faster rate of product innovation.
Answer:
is directed at improving long-term performance by building stronger positions in a smaller number of core businesses.
Explanation:
Retrenching to narrower positions is a strategy that can be helpful to build strong market positions in a few core business areas before diversifying the firm's portfolio of goods and services even more.
This strategy is recommended to smaller firms, firms that are not in financial great shape, or firms that have tried to take a position in many markets at the same time, and have had a hard time to adapt to some of them.
910. Show the relationship between short-run MC and MP1, and AYC and AP, mathematically
and graphically (1pts)
Explanation:
MC is at its minimum at the same output for which MP is at its maximum; AVC is at its minimum at the same output for which AP is at its maximum. A technological advance that increases productivity shifts the product curves upward and cost curves downward.