Answer: $21,890
Explanation:
The general business credit allowed for the year is the net income tax less the higher amount between the tentative minimum tax and the net regular tax liability after adjustments.
Adjustment to net regular tax liability:
= 25% * (Net regular tax - 25,000)
= 25% * (207,955 - 25,000)
= $45,738.75
Greater figure is the tentative minimum tax of $197,010
Business credit allowed is:
= 218,900 - 197,010
= $21,890
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.
Chou Co. has a net income of $57,000, assets at the beginning of the year are $264,000 and assets at the end of the year are $314,000. Compute its return on assets.
Answer:
18.15 %
Explanation:
Return on Assets = net income / total assets x 100
Note : we use the asset value as at balance sheet date (end of period)
therefore,
Return on Assets = $57,000 / $314,000 x 100
= 18.15 %
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:
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.
Learn more about Budget, here;
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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
When total imports of exceed export, then the balance is to be
Answer:
Negative
Explanation:
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.
Executive stock options: Multiple Choice allow the holder the option to buy shares at a specified exercise price during a specified period of time. allow the holder the option to buy shares at a specified exercise price any time prior to the executive ceasing to be employed by the firm. are expensed at their intrinsic value. permit executives to purchase restricted stock.
Answer:
allow the holder the option to buy shares at a specified exercise price during a specified period of time.
Explanation:
A primary market refers to the market where these securities that are being sold are issued or created
On the other hand, the secondary market can be defined as a market where various investors sell and buy securities from other investors.
Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).
Executive stock options (ESOs) can be defined as an equity compensation contract that are granted to the employees and executives of a company, giving them to right to buy a specific amount of shares from the company's stock at a particular price for a specificied period of time.
Basically, ESO allows the holder the option to buy shares from the company's stock at a specified exercise price or strike price for a specific period of time.
The main purpose of an ESO is to serve as an incentive to make the beneficiaries or holders improve the financial performance of a company while closely aligning their interests with those of the shareholders of the same company.
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
Consumer mobility refers to the idea that consumers like to find the same products everywhere. An example of a company that sells products everywhere in the world because its customers are all over the world is:
Group of answer choices.
a. McDonald's Restaurants.
b. Intercontinental Hotels.
c. Fuji Film.
d. All of the above
e. None of the above
Answer:
d. All of the above
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
Consumer mobility can be defined as an idea or situation in which consumers of goods and services like to find the same products they have interest in everywhere i.e across the world.
In this context, some example of a company that sells its products everywhere in the world due to the fact that its customers are found all over the world are: McDonald's Restaurants, Intercontinental Hotels, Apple Inc., Microsoft Inc., and Fuji Film.
An asset was purchased for $12,000. The asset's estimated useful life was 5 years and its residual value was $2,000. Straight-line depreciation was used. How much gain or loss is reported if the asset is sold for $400 at the end of the fifth year
Answer:
$1,600 loss
Explanation:
Profit = Proceeds - Carrying Amount
where,
Carrying Amount = Cost - Accumulated depreciation
Accumulated depreciation calculation :
Note the Company uses straight line method.
Depreciation expense = (Cost - Residual) ÷ Estimated Useful Life
therefore,
Depreciation expense = ($12,000 - $2,000) ÷ 5
= $2,000
Accumulated depreciation :
At the end of fifth year we would have used the asset for 5 years.
Accumulated depreciation is the total of depreciation after 5 years.
This would be $10,000 ($2,000 x 5)
thus,
Carrying Amount = $12,000 - $10,000 = $2,000
therefore
Profit = $400 - $2,000
= - $1,600
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.
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
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
Tranquility, Inc. has common shares with a price of $18.37 per share. The firm paid a dividend of $1.50 yesterday. If dividends are expected to grow at 9 percent for three years and then at 2 percent thereafter, what is the implied cost of common equity capital for Tranquility
Answer:
11.9981%( approx. 12.00% when rounded to 2 decimal places)
Explanation:
Based on the fact that the current share price is the present value of future dividends and the terminal value of dividends beyond year 3, we can determine the implied cost of common equity capital for Tranquility using the dividend discount model as shown thus:
Current dividend=$1.50
Years 1-3, dividend grows at 9% each year
Year 1 dividend=$1.50*(1+9%)=$1.635
Year 2 dividend=$1.635*(1+9%)=$1.78215
Year 3 dividend=$1.78215*(1+9%)=$1.942544
Terminal value=Year 3 dividend*(1+terminal growth rate)/(cost of equity-terminal growth rate)
terminal growth rate=2%
cost of equity is unknown, let us assume it is K
Terminal value=$1.942544*(1+2%)/K-2%
Terminal value=$1.981395/K-0.02
share price=$1.635/(1+K)^1+$1.78215/(1+K)^2+$1.942544/(1+K)^3+$1.981395/(K-0.02)/(1+K)^3
we need the value of K that gives the share price as $18.37
let us try try 11%
share price=$1.635/(1+11%)^1+$1.78215/(1+11%)^2+$1.942544/(1+11%)^3+$1.981395/(11%-0.02)/(1+11%)^3
share price=$20.44(close to $18.37, not exact)
After series of trials, I got 11.9981%
share price=$1.635/(1+11.9981%)^1+$1.78215/(1+11.9981%)^2+$1.942544/(1+11.9981%)^3+$1.981395/(11.9981%-0.02)/(1+11.9981%)^3
share price=$18.37
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.
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:
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
With regard to a limited partner's capital contribution to the limited partnership: A. the limited partner can only contribute cash. B. a promise by a limited partner to contribute to the limited partnership is not enforceable unless it is in a signed writing. C. if the partner fails to make a promised capital contribution, the limited partnership has no power to hold the partner liable. D. All of these.
Answer:
B. a promise by a limited partner to contribute to the limited partnership is not enforceable unless it is in a signed writing.
Explanation:
A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.
A limited liability company can be defined as a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested. The LLC can be referred to as a hybrid business entity that combines the limited liability-shield of a corporation with the pass-through taxation of a sole-proprietorship or partnership business.
In the United States of America, the owner of a LLC is not legally liable for the company's liability or debts.
Limited partnerships have two classes of partners. These two (2) classes are;
1. General partner: it is a type of partnership in which two or more people come together and have an agreement to do business by sharing profits, assets, debts or financial and legal liabilities.
2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.
Capital resources include the physical assets used for production of goods and services such as equipment, money, plant, etc.
Hence, with regard to a limited partner's capital contribution to the limited partnership, a promise made by one of the limited partners with respect to contributing to the limited partnership isn't enforceable unless it is explicitly and expressly stated in writing with an accompanying signature.
Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $54,000. Budgeted cash receipts total $138,000 and budgeted cash disbursements total $133,000. The desired ending cash balance is $78,000. To attain its desired ending cash balance for March, the company needs to borrow:____.
Answer:
$19,000
Explanation:
Calculation to determine To attain its desired ending cash balance for March, the company needs to borrow
First step is to calculate the Actual ending cash balance
Using this formula
Actual ending cash balance = Beginning cash balance + Cash receipts −Cash disbursements
Let plug in the formula
Actual ending cash balance= $54,000 + $138,000 −$133,000
Actual ending cash balance= $59,000
Now let calculate the Amount borrowed
Using this formula
Amount borrowed = Desired ending cash balance −Actual ending cash balance
Let plug in the formula
Amount borrowed = $78,000 −$59,000
Amount borrowed= $19,000
Therefore To attain its desired ending cash balance for March, the company needs to borrow $19,000
Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office.
Which education career would be best for Allesandra?
elementary school teacher
administrative support worker
instructional designer
high school principal
Answer:
Elementary school teacher that’s the answer
Explanation:
Under the ________ leadership style, decision-making power is centralized in the leader. Leaders do not entertain any suggestions or initiatives from subordinates. The ______ management is effective for quick decision making but is generally not successful in fostering employee engagement or maintaining worker satisfaction.
Answer:
Autocratic; autocratic.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
An autocratic leadership style accords a centralized decision-making power to the leader. Thus, they do not have to entertain any suggestions or initiatives from their subordinates.
Furthermore, this leadership style is very much effective for making decisions quickly but it's generally not successful in facilitating or enhancing employee engagement with management or maintaining worker satisfaction.
Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $49,000 cash in exchange for common stock. Identify the general journal entry below that Innovation Consulting will make to record the transaction.
Answer:
Debit Cash $49,000
Credit Common Stock $ 49,000
Explanation:
Based on the information given in a situation where Mathew begin the business by investing the amount of $49,000 cash in exchange for common stock which means that the appropriate general journal entry that Innovation Consulting will make to record the transaction will be:
Debit Cash $49,000
Credit Common Stock $49,000
Elmdale Enterprises is deciding whether to expand its production facilities. Although long-term cash flows are difficult to estimate, management has projected the following cash flows for the first two years (in millions of dollars): Year 1 Year 2 Revenues 121.6 169.3 COGS and Operating Expenses (other than depreciation) 37.7 50.4 Depreciation 26.6 28.2 Increase in Net Working Capital 3.4 7.4 Capital Expenditures 30.8 40.9 Marginal Corporate Tax Rate 35% 35% a. What are the incremental earnings for this project for years 1 and 2
Answer:
Year 1
Incremental earnings = EBIT * ( 1 - Tax)
EBIT = Revenue - Operating expense - Depreciation
= 121.6 - 37.7 - 26.6
= $57.3 million
Incremental earnings = 57.3 * ( 1 - 35%)
= $37.245 million
Year 2
EBIT = 169.3 - 50.4 - 28.2
= $90.7 million
Incremetal earnings = 90.7 * (1 - 35%)
= $58.955 million
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.
Machine A costs $850,000 and would produce cash flows of $220,000 per year for the first two years, $350,000 per year for the next two years, and $150,000 in the final year. Machine B costs $650,000 and would produce cash flows of $250,000 per year for the first two years, $200,000 the following year, $150,000 in its fourth year, and $140,000 in its final year. Your required return is 11%. What is the IRR of buying machine A?
Answer:
The answer is "15.61%"
Explanation:
Please find the solution file in the attachment.
3. At the beginning of trading on April 20, an open-end mutual fund with 7,000 shares outstanding owned 4,000 shares of Allstate and 6,000 shares of The Hartford. During the day, an investor bought 150 shares of the mutual fund. The fund manager bought 140 shares of Allstate with the proceeds from the sale of the mutual fund shares. At the end of trading on April 20, Allstate was selling for $125.10 and The Hartford was selling for $68.35. What was the mutual fund's net asset value (NAV) at the end of trading on April 20
Answer:
$129.79
Explanation:
Assets of mutual funds
Shares of Allstate = Total Shares * Selling Price
Shares of Allstate = [4000 + 140] * $125.10
Shares of Allstate = $517,914.
Shares of Hartford = Total Shares * Selling Price
Shares of Hartford = 6000 * $68.35
Shares of Hartford = $410,100.
Net Asset Value = Shares of Allstate + Shares of Hartford
Net Asset Value = $517,914 + $410,100
Net Asset Value = $928,014
Numbers of shares outstanding = 7,000 + 150
Numbers of shares outstanding = 7,150
Net Asset Value per Share = Net Asset Value / Numbers of shares outstanding
Net Asset Value per Share = $928,014/7,150
Net Asset Value per Share = $129.79
So, the mutual fund's net asset value (NAV) at the end of trading on April 20 is $129.79.
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $33 per pound and costs $29 per pound to produce. Product C would sell for $56 per pound and would require an additional cost of $24 per pound to produce. What is the differential cost of producing Product C
Answer:
Differential cost Product C= $24 per pound
Explanation:
Giving the following information:
Product C would sell for $56 per pound and would require an additional cost of $24 per pound to produce.
The first cost of product B will remain constant whether Product C is made or not. Therefore, it is not an incremental cost.
Differential cost= incremental cost
Differential cost Product C= $24 per pound
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.