Answer:
The dividend of $147,420 is allocated to preferred stockholders
A dividend of $38,580 is allocated common stockholders
Explanation:
The preferred stock has a fixed amount of dividend which is a percentage of its par value computed thus:
preferred dividend=13,000*$81*14%=$ 147,420.00
However, when preferred stock dividend is taken away from the total dividends, the result is dividends for common stockholders
Common stockholders' dividends=$186,000-$147,420=$38,580.00
A C corporation earns $ 9.20 per share before taxes and the company pays a dividend of $ 4.00 per share. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the after-tax amount an individual would receive from the dividend?
Answer:
The answer is $4.27
Explanation:
Solution
Given that:
AC corporation earns = $9.2 per share
Pays a dividend of =$4.00
The tax rate (Corporate ) is =39%
The tax rate on personal dividends is= 15%
The tax rate for non-dividend personal income is = 36%
Now,
We must find the after tax rate amount of after tax rate an individual or a person would earn from the dividend
Thus,
The corporate tax =$9.40 * 39% = 3.67
Personal tax = $4.00 * 15% = 0.6
Now we find the total for the after tax rate
Total = $3.67 + $0.6
= $4.27
Therefore, the after tax rate an individual or a person would earn from the said divided is $4.27
A new American graduate is contemplating buying a
Japanese, German, or an American car. No matter the type of car, he
plans to buy a new one at the end of 8 years.
The Japanese cars will cost $30,000 and have a fuel
usage of 23 Miles Per gallon (mpg) for the first 2 years and will
decrease by 3% per year thereafter. The repair cost will start at $700
per year, and increase by 3% per year. At the end of year 8, the
car can be sold for $5000. Insurance cost will be $700 for the
first year, increasing by 2% per year thereafter.
A German car will cost $45,000 and have fuel usage
of 21mpg for the first 5 years, and decrease by 1% thereafter to
year 8. The repair cost will start at $1000 in year 1 and increase by
4% per year. It will have a salvage value of $7000 at the end of
year 8. Insurance cost will be $850 the first year, increasing by
2% per year thereafter.
The American car will cost $35,000 and have fuel
usage of 20mpg for the first 3 years and will decrease by 3% per
year thereafter. The repair cost will be $800 in year 1, increasing by
4% per year thereafter. Being an American, the graduate will price
the pride of owning an American car at $0.4 for every 20 miles
driven, increasing by 2% per year. Insurance costs will be $800 per
year increasing by 2.2% per year. The car can be sold for $5500 at
the end of year 8.
If the graduate anticipates driving 150000 miles by
the end of year 8 and the average interest rate is expected to
remain at 5% per year, which car is economically affordable based
on present worth analysis? Assume fuel cost will be $3 per gallon
in year 1 and increase by an average of 2% per year. Show all your
workings.
Answer:
The best option is to buy Japanese Car.
Explanation:
Fuel usage per year is 150000/ 8 = 18750 miles per year
Fuel cost (year 1 -8) = $3.0, $3.06, $3.12, $3.18, $3.25, $3.312, $3.38, $3.5
Japanese Car:
Fuel usage 18750 / 23 = 815 * $3 = $2446
Fuel charges (year 1 -8) = $2445, $2494, $2623, $2758. $2900, $3050, $3207, $3372
Repair Cost (year 1 - 8) = $700, $721, $742, $764, $787, $811, $835, $860
Insurance cost (Year 1 - 8) = $700, $714, $728, $742, $757, $772, $788, $804
Present value of cost at 5% = 24674.07
Cost of car is $30,000
Total cost = $54674.07
American Car:
Cost $35,000
Fuel usage 18750/20 = 937.5 * $3 per gallon = $2812.5.
Fuel charges (year 1 -8) = $2812, $2913, $2986, $3011. $3098, $3124, $3176, $3208
Repair Cost (year 1 - 8) = $800, $894, $921, $978, $1109, $1176, $1207, $1301
Insurance cost (Year 1 - 8) = $800, $827, $876, $898, $908, $932, $954, $934
Present value of cost at 5% = 25302.18
Cost of car is $35,000
Total cost = $60302.
German Car:
Cost = $45,000
Fuel usage 18750 / 21 = 892 * $3 = $2678
Fuel charges (year 1 -8) = $2679, $2732, $2786, $2842. $2899, $2987, $3077, $3171
Repair Cost (year 1 - 8) = $1000, $1040, $1081, $1124, $1169, $1216, $1265, $1316
Insurance cost (Year 1 - 8) = $850, $867, $884, $902, $920, $938, $957, $976
Present value of cost at 5% = 27105.73
Cost of car is $45,000
Total cost = $72105.
Zoom-o-licious makes candy bars for vending machines and sells them to vendors in cases of 30 bars. Although Zoom-o-licious makes a variety of candy, the cost differences are insignificant, and the cases all sell for the same price. Zoom-o-licious has a total capital investment of $15,000,000. It expects to produce and sell 300,000 cases of candy next year. Zoom-o-licious requires a 10% target return on investment.Expected costs for next year are:Variable production costs $4.00 per caseVariable marketing and distribution costs $1.00 per caseFixed production costs $300,000Fixed marketing and distribution costs $400,000Other fixed costs $200,000Zoom-o-licious prices the cases of candy at full cost plus markup to generate profits equal to the target return on capital.1. What is the target operating income?2. What is the selling price Zoom-o-licious needs to charge to earn the target operating income? Calculate the markup percentage on full cost.3. Zoom-o-licious's closest competitor has just increased its candy case price to $16, although it sells 36 candy bars per case. Zoom-o-licious is considering increasing its selling price to $15 per case. Assuming production and sales decrease by 4%, calculate Zoom-o-licious' return on investment. Is increasing the selling price a good idea?
Answer:
1.$1,500,000
2.62.50%
3.13.20%
Explanation:
1.
Using this formula
Total Capital investment *Target return on investment=Target operating income
Hence:
$15,000,000x10%
= $1,500,000
2.
Target revenues$3,900,000
Less Variable costs1,500,000
Contribution margin2,400,000
LessFixed costs 900,000
Target operating income$1,500,000
$13 per case must be charge in order to earn the target operating income.
Markup per unit/Full cost per unit
=Markup on full costs
($5.00/$8.00)= 62.50%
3.
Target revenues$4,320,000
Less Variable costs1,440,000
Contribution margin2,880,000
Less Fixed costs900,000
Target operating income$1,980,000
Return on investment for Zoom−o−liciousis
will be 13.20%
Increasing the selling price will be a good idea reason been that the operating income have increase without increasing invested capital, which lead to a more higher return on the investment.
Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.
If a shortage exists in the pizza market, then the current price must be.............than the equilibrium price. For the market to reach equilibrium, you would expect................
Answer:
Lower
Buyers would offer higher prices
Explanation:
When a shortage occurs when Demand exceeds supply. Excess demand occurs when price is below equilibrium price and as a result suppliers reduce quantity supplied.
As a result of the shortage, buyers would offer higher prices. As a result of the higher prices, the quantity supplied would increase and equilibrium would be restored.
I hope my answer helps you
Charlie’s Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts. Account Name Balance Description Accounts Payable $ 2,900 Payment is due in 30 days Cash 2,300 Includes cash in register and in bank account Common Stock 36,000 Stock issued in exchange for owners’ contributions Equipment 49,000 Includes deep fryers, microwaves, dishwasher, etc. Land 23,400 Held for future site of new restaurant Note Payable (long-term) 34,000 Payment is due in six years Retained Earnings 3,900 Total earnings through September 30 Supplies 2,300 Includes serving trays, condiment dispensers, etc. Salaries and Wages Payable 200 Payment is due in 7 days 1. Using the above descriptions, prepare a classified balance sheet at September 30.
Answer:
Charlie’s Crispy Chicken (CCC) Balance sheet at September 30
Assets
Non- Current Assets
Equipment 49,000
Land 23,400
Total Non- Current Assets 72,400
Current Assets
Supplies 2,300
Cash 2,300
Total Current Assets 4,600
Total Assets 77,000
Equity and Liabilities
Equity
Common Stock 36,000
Retained Earnings 3,900
Total Equity 39,900
Liabilities
Non-current Liabilities
Note Payable (long-term) 34,000
Total Non-current Liabilities 34,000
Current Liabilities
Accounts Payable 2,900
Salaries and Wages Payable 200
Total Current Liabilities 3,100
Total Equity and Liabilities 77,000
Explanation:
When preparing a Balance Sheet, it is important to remember the Accounting equation : Assets = Equity + Liabilities
On September 1, Shawn Dahl established Whitewater Rentals, a canoe and kayak rental business. The following transactions occurred in the month of September and affected the following accounts:
Cash Accounts Payable
Accounts Receivable Shawn Dahl, Capital
Office Equipment Revenue
Canoe and Kayak Equipment Expenses
Following are the transactions:
1. Shawn Dahl invested $44,400 in cash to open the business
2. Paid $12,100 in cash for the purchase of kayak and canoe equipment
3. Paid $1,850 in cash for rent expense
4. Purchased additional kayak and canoe equipment for $4,600 on credit
5. Received $4,700 in cash for kayak rentals
6. Rented canoes and kayaks for $2,000 on account
7. Purchased office equipment for $205 in cash
8. Received $1,200 in cash from credit clients
9. Shawn Dahl withdrew $2,300 in cash for personal expenses
Based on the information shown above, what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?
Answer:
what is the balance of Accounts Receivable for Whitewater Rentals at the end of September?
$800
Explanation:
We can seen in the transactions in the question that Whitewater Rentals first obtained $2,000 from rented canoes on account. These $2,000 represent the initial balance of accounts receivable.
Later, credit clients paid $1,200 cash. This reduced accounts receivable by the same amount.
Therefore, the balance of Accounts Receivable for Whitewater Rentals at the end of September is = $2,000 - $1,200 = 800
Magnolia, Inc. has budgeted sales for the first quarter of the next year to be 45,000 units. The inventory on hand at the beginning of quarter is 5,000 units. The desired ending inventory is 3,000 units. Calculate the budgeted production for the first quarter.
Answer:
Production= 43,000 units
Explanation:
Giving the following information:
Sales= 45,000 units
Beginning inventory= 5,000 units
The desired ending inventory is 3,000 units.
To calculate the budgeted production, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 45,000 + 3,000 - 5,000
Production= 43,000 units
You are the supply chain manager for a small company that makes customized road bicycles. You
CEO asks you to explain the steps in the process for manufacturing and delivering the product to
consumers, in your supply chain. Use the module content and Better Business to explain the steps i
the process, in four to five sentences minimum.
HTML Editora
Answer:
The points are as follows:-
1. Their preparations must be successful, and their implementation from the highest to the lowest managerial level is necessary.
2.We need to handle the whole project schedule acquisition process.
3.They ought to manage the sales contract for the finished product and the materials and machinery.
4.Prepare its manual data or auto-metrically produced purchase agreement from the line as well as from the planning process.
The debate on the effects of raising the minimum wage is ongoing. A few years ago, Seattle, Los Angeles, and San Francisco passed laws to gradually raise the minimum wage to $15/hour. Beaudry, Paul, David A. Green, and Ben M. Sand (investigated the possible effects of these laws on the labor market and concluded that "...for workers below $10 per hour in Seattle, the employment rate declines by over 10 percent in response to raising the minimum wage to $15. Meanwhile, for the larger group with wages at or below $15, the decline is approximately 7 percent." The authors' conclusion is consistent with the specific economic theory discussed in the course that
Answer:
The findings are consistent with the specific economic theory about minimum wage that is held by mainstream, neoclassical theories.
According to this theory, a minimum wage is essentially a binding price floor: a minimum price (in this case, the price of labor, which is the wage) set by the government that is above the market rate.
what happens when imposing this binding price floor is that the supply of labor (workers) becomes higher than the demand (the firms that hire the workers), leading to oversupply. In other words, some workers are left unemployed because there is no demand for them at the price set by the government.
The findings are consistent with this economic theory.
The CJP Company produces 10,000 units of item S10 annually at a total cost of $190,000. Direct materials $ 20,000 Direct labor 55,000 Variable overhead 45,000 Fixed overhead 70,000 Total $ 190,000 The XYZ Company has offered to supply 10,000 units of S10 per year for $18 per unit. If CJP accepts the offer, $4 per unit of the fixed overhead would be saved. In addition, some of CJP's facilities could be rented to a third party for $15,000 per year. At what price would CJP be indifferent to XYZ's offer?
Answer:
$17.5
Explanation:
Direct Labour- 55000
Variable Overhead- 45000
Fixed overhead- 70000
Direct material- 20000
Total = $190,000
Total relevant cost of manufacturing = Direct material + Direct labour + Variable overhead + Avoidable Fixed cost + Opportunity cost
Where Avoidable fixed cost = 10,000 units * 4 = 40.000
0pportunity cost= $15,000
Total relevant cost of manufacturing = 25000 + 55000 + 45000 + 40000 + 15000 = $175,000
Now, Price that CJP would be indifferent to XYZ Offer can be derived by: Total Relevant Cost of Manufacturing / No of unit product
= $175,000 / 10,000 units
=$17.5
Consider a market characterized by a Herfindahl-Hirschman index of 5,000. One of the firms in this market has a Lerner index of 0.89 and is considering a horizontal merger with a competing firm. Based on this information, it is likely that the U.S. Department of Justice will:
Answer:
reject the merger
Explanation:
Seeing since the market is highly concentrated and the firm's lerner index is also very high, meaning they have a large measure of market power in that industry then it is safe to assume that the U.S. Department of Justice will most likely reject the merger due to this high concentration and the significant power that the proposing firm already has in the market.
A 7-year municipal bond yields 4.8%. Your marginal tax rate (including state and federal taxes) is 39.00%. What interest rate on a 7-year corporate bond of equal risk would provide you with the same after-tax return
Answer:
The interest rate on corporate bond is 7.87 percent.
Explanation:
The yield on 7-year municipal bond = 4.8%
Given marginal tax rate = 39 percent
Now calculate the interest rate on 7 year corporate bond that has equal risk.
Use the below formula. Here, yield from both type of bond is equated that is yield from corporate bond and yield from municipal bond because it is given that both gives same return after tax.
Interest rate on corporate bond × (1-tax rate) = Municipal bond yield
Interest rate on corporate bond × (1- 0.39) = 4.8[tex]\text{Interest rate on corporate bond} = \frac{4.8}{0.61} = 7.87 \ percent[/tex]
Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are:April budgeted sales $100,000May budgeted sales $150,000June budgeted sales $230,000July budgeted sales $180,000The amount of cash that will be collected in July is budgeted to beA) $72,000.B) $179, 500.C) $206,000.D) $195, 500.
Answer:
C) $206,000.
Explanation:
The budgeted amount of cash that will be collected in July can be obtained adding the amount due to be collected in July. This can be estimated as follows:
Budgeted cash from May budgeted sales = $150,000 * 5% = $7,500
Budgeted cash from June budgeted sales = $230,000 * 55% = $126,500
Budgeted cash from July budgeted sales = $180,000 * 40% = $72,000
By adding all the above together, we have:
July budgeted cash collection = $7,500 + $126,500 + $72,000 = $206,000
Therefore, the amount of cash that will be collected in July is budgeted to be $206,000.
Yancy Company manufactures luggage sets. Yancy sells its luggage sets to department stores. Yancy expects to sell 2 comma 000 luggage sets for $ 205 each in January and 2 comma 350 luggage sets for $ 205 each in February. All sales are cash only. Prepare the sales budget for January and February.
Answer:
Sales budget:
January= $410,000
February= $481,750
Explanation:
Giving the following information:
Yancy expects to sell 2,000 luggage sets for $205 each in January and 2,350 luggage sets for $ 205 each in February.
A sales budget is simply multiplying the unitary sales price for the number of units sold.
Sales budget:
January= 2,000*205= $410,000
February= 2,350*205= $481,750
Two investment advisers are comparing performance. One averaged a 19% return and the other a 16% return. However, the beta for the first adviser was 1.5, while that of the second was 1.
Required:
a. If the T-bill rate was 6% and the market return during the period was 14%, which adviser would be the superior stock selector.
b. Can you tell which adviser was a better selector of individual stocks (aside from the issue of general movements in the market)?
c. What if the T-bill rate were 3% and the market return 15%?
Answer: Adviser B is the superior stock selector.
Explanation:
For the comparision between the two investment advisers, the Jenson's Alpha will be utilized.
Jenson's Alpha:
= Portfolio Actual Return - CAPM(Benchmark Portfolio Return)
T Bill Rate(Risk free rate) = 6%
Market return(E(Em) = 14%
Beta of Investment Adviser A = 1.5
Beta of Investment Adviser B = 1
For Adviser A:
CAPM = Risk free return + Beta ( E(Rm) - Risk free return)
CAPM(Benchmark Portfolio) = 6 + 1.5 (14-6)
= 6 + 12
= 18%
Actual Return = 19%
Jenson's Alpha = 19% - 18% = 1%
For Adviser B:
CAPM = Risk free return + Beta ( E(Rm) - Risk free return)
CAPM(Benchmark Portfolio) = 6 + 1(14-6) = 6 + 1(8) = 14%
Actual Return = 16%
Jenson's Alpha = 16% - 14% = 2%
Adviser B is a better selector because he has a larger alpha of 2% compared to Adviser A who has 1%.
T Bill Rate(Risk free rate) = 3%
Market return(E(Rm) = 15%
Beta of Investment Adviser A = 1.5
Beta of Investment Adviser B = 1
For Adviser A:
CAPM = Risk free return + Beta ( E(Rm) - Risk free return)
CAPM(Benchmark Portfolio) = 3 + 1.5 (15-3)
= 3 + 18
= 21%
Actual Return = 19%
Jenson's Alpha = 19% - 21% = -2%
For Adviser B:
CAPM = Risk free return + Beta ( E(Rm) - Risk free return)
CAPM(Benchmark Portfolio) = 3 + 1(15-3) = 3 + 1(12) = 15%
Actual Return = 16%
Jenson's Alpha = 16% - 15% = 1%
Given the changes, Adviser B is still the better selector because he has a larger alpha of 1% compared to Adviser A who has -2%.
Present and future value
PV of $1 FV of $1 PVA of $1 FVAD of $1 FVA of $1
1 0.91743 1.09000 0.91743 1.0900 1.0000
2 0.84168 1.18810 1.75911 2.2781 2.0900
3 0.77218 1.29503 2.53129 3.5731 3.2781
4 0.70843 1.41158 3.23972 4.9847 4.5731
5 0.64993 1.53862 3.88965 6.5233 5.9847
6 0.59627 1.67710 4.48592 8.2004 7.5233
How much must be invested now at 9% interest to accumulate to $24,000 in four years?
a) $1,753.b) $1,965.c) $2,652.d) $2,317.
Answer:
$ 17,002.21 (none of the options is correct)
Explanation:
The formula for determining the present value ,which is the actual amount invested to give a future value is given below:
PV=FV*(1+r)^-n
The PV is the present value which is unknown
FV is the future worth of the investment which is $24,000
r is the rate of return which is 9% per year
n is the duration of investment which is 4 years
PV=$24,000*(1+9%)^-4
PV=$24,000*(1.09)^-4
PV=$24,000*0.708425211 =$ 17,002.21
A company's production department was experiencing a high defect rate on the assembly line, which was slowing down production and causing wastage of valuable direct materials. The production manager decided to purchase a higher grade of materials that would be more reliable, but he was worried that the cost of the new materials might negatively affect operating income. This would produce a(n) ________.A. unfavorable direct materials cost variance
B. unfavorable direct materials efficiency variance
C. favorable direct labor cost variance
D. favorable direct labor efficiency variance
Answer:
D
Explanation:
Because the higher the quality of materials the more efficient the product will be
4.
What does it mean when a solid white line separates a narrow bike lane
from the right-most lane of traffic?
A. Motor vehicles may not use the bike lane except to make a turn.
B. Motor vehicles may not use the bike lane except to park.
C. Motor vehicles may not use the bike lane for any reason.
D. Bicyclists may not turn left for any reason, except in an emergency,
Answer:
A single or double solid white line dividing traffic lanes going in the same direction can't be crossed for any reason. A single solid white line is generally used to indicate the right- most boundary of the drivable roadway on highways.
Explanation:
hope this helps you :)
Answer:
Hi! your answer should be A. Motor vehicles may not use the bike lane except to make a turn.
Explanation:
it wouldn't be B because you cannot park in the bike lane.
it wouldn't be C because you're allowed to use it when turning.
it wouldn't be D because that doesn't make much sense.
hope this helps!
he following information was drawn from the accounting records of Chapin Company. On January 1, Year 1, Chapin paid $56,000 cash to purchase a truck. The truck had a five-year useful life and a $6,000 salvage value. As of December 31, Year 1, Chapin Company had a $68,000 balance in its Accounts Receivable account and a zero balance in its Allowance for Doubtful Accounts account. Sales on account for Year 1 amounted to $320,000. Chapin estimates that 5 percent of credit sales will be uncollectible. Required a. Record the year-end adjusting entry for depreciation expense on the truck in T-accounts. b. Determine the book value of the truck that will appear on the December 31, Year 1, balance sheet. c. Record the year-end adjusting entry of uncollectible accounts expense. d. Determine the net realizable value of receivables that will appear on the December 31, Year 1, balance sheet.
Answer:
a. Record the year-end adjusting entry for depreciation expense on the truck in T-accounts.
December 31, 202x, accrued depreciation expense on truck
Dr Depreciation expense 10,000
Cr Accumulated depreciation - truck 10,000
b. Determine the book value of the truck that will appear on the December 31, Year 1, balance sheet.
Truck $46,000
c. Record the year-end adjusting entry of uncollectible accounts expense.
December 31, 202x, allowance for doubtful accounts
Dr Bad debt expense 16,000
Cr Allowance for doubtful accounts 16,000
d. Determine the net realizable value of receivables that will appear on the December 31, Year 1, balance sheet.
Accounts receivable $52,000
Explanation:
truck's depreciation expense straight depreciation = ($56,000 - $6,000) / 5 years = $10,000 per year
accounts receivable balance December 31 = $68,000
allowance for doubtful accounts = $0
total sales on account = $320,000
5% of credit sales are uncollectible
accounts receivable = $68,000 - $16,000 = $52,000
Which of the following depicts the proper sequence of steps in the accounting cycle?
a. Journalize the transactions, analyze business transactions, prepare a trial balance
b. Prepare a trial balance, prepare financial statements, prepare adjusting entries
c. Prepare a trial balance, post to ledger accounts, post adjusting entries
d. Prepare a trial balance, prepare adjusting entries, prepare financial statements
Answer:
Option D. Prepare a trial balance, prepare adjusting entries, prepare financial statements
Explanation:
The accounting cycle sequence is given as under:
Analyzing the businessJournalize the TransactionsPost to Ledger AccountsPrepare a Trial BalancePosting adjusting entries and Preparing an adjusted trial balancePreparing the financial statementsJournalize and post closing entriesPrepare a post closing trial balance and financial statementSo we can see that the three steps highlighted above are the sequence shown in the option D. Hence option D is correct.
A company had net income of $216,841. Depreciation expense was $28,774. During the year, accounts receivable and inventory increased by $14,088 and $27,397, respectively. Prepaid expenses and accounts payable decreased by $1,485 and $4,297, respectively. There was also a loss on the sale of equipment of $6,914. How much was the net cash flow from operating activities on the statement of cash flows using the indirect method
Answer:
$208,232.00
Explanation:
The net cash provided by operating activities is the net income for the year plus depreciation expense, minus the increase in accounts receivable, inventory and the decrease the accounts payable , plus the decrease in prepaid expenses as well as the loss on disposal of equipment.
Net cash provided by operating activities=$216,841+$28,774-$14,088-$27,397+$1,485-$4,297+$6,914
=$ 208,232.00
The amount of cash provided by operating activities is $208,232.00
Because it is possible for investigators to confuse the suspect and destination disks when performing imaging, and to preclude any grounds for challenging the image output, it is common practice to protect the suspect media using a ____.
a.
rubber boot
b.
bridge
c.
Faraday Cage
d.
write blocker
Answer:
The correct answer to the following question will be Option D "Write blocker".
Explanation:
A write blocker would be any method that enables noticed-only to the storage of information systems without sacrificing information integrity, the security including its data collection of evidence can indeed be assured when it is used appropriately.To prevent any foundations besides trying to challenge the outcome of such a photograph, it's indeed standard procedure to safeguard the suspected channels using only a write blocker.Other give options are not related to the given situation. So that option D seems to be appropriate.
2. Jill would like to plan for her son’s college education. She would like for her son, who was born today, to attend college for 5 years, beginning at age 18. Tuition is currently $12,000 per year and tuition inflation is 6%. Jill can earn an after-tax rate of return of 8%. How much must Jill save at the end of each year, if she wants to make the last payment at the beginning of her son’s first year of college?
Answer:
$4,531.50
Explanation:
first we must determine the cost of tuition in 18 years (2038):
$12,000 x (1 + 6%)¹⁸ = $34,252 per year
to calculate the total value of college tuition (5 years) in 2038 we can use the annuity due factor (6% and 5 years) 4.4651:
total college tuition = $34,252 x 4.4651 = $152,939
this means that Jill needs to have $152,939 for the moment her son starts college:
we have to calculate the payment:
to calculate the future value of an annuity (since she starts to save at end of the year, it is an ordinary annuity, not annuity due) we use the following formula:
future value = payment x ordinary annuity factor (8% and 17 years)
we know future value ($152,939) and the annuity factor = 33.7502
payment = future value / annuity factor
payment = $152,939 / 33.7502 = $4,531.50
A formal written statement of management's plans for the future, expressed in financial terms, is a a.budget b.gross profit report c.performance report d.responsibility report
Answer:
a.budget
Explanation:
The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.
It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms
Hence, the correct option is a. budget
You want to invite one of the authors of your textbook to come to your school and speak. Name two persuasive points you would include in your letter in order to persuade them to say “yes.”
In contrasting equity and efficiency, why do high-tech firms seem to treat their employees better (better wages, benefits, working environments, vacations, etc.) compared to how landscaping or fast-food franchises treat their employees
Answer:
High-tech firms are hiring expensive, sophisticated people who are in high demand compared to fast food franchises and treat them better to avoid losing them to other companies
Explanation:
High-tech firms are hiring expensive, sophisticated people who are in high demand. This brings about a better treatment of their employees because if they do not offer these amenities to employees, they would become employees of other high-tech companies. Individuals with low skill levels do not get high salaries or benefits. They are not in as high demand as highly skilled workers. It is efficient, but many would argue that it is not fair.
CA15-2 (Issuance of Stock for Land) Martin Corporation is planning to issue 3,000 shares of its own $10 par value common stock for two acres of land to be used as a building site. Instructions (a) What general rule should be applied to determine the amount at which the land should be recorded
Answer:
The general rule that should be applied in determining the value on which the and should be recorded is
Explanation:
Stock is being issued for land not for cash so the fair value of stock or the fair value of land whichever is more determinable will be recorded as the value of the land.
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 12%, compounded quarterly. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) How much will she accumulate in three years by depositing $460 at the end of each of the next 12 quarters, beginning three months from now
Answer:
$6,528.33
Explanation:
The amount she would accumulate can be determined using the future value formula in excel which is given thus:
=fv(rate,nper,-pmt,pv))
the rate applicable is the interest rate per quarter which is the annual rate of interest of 12% divided by 4 quarters in a year i.e 3%
nper is 12 quarters
pmt is the amount deposited per quarter which is $460
pv is the present of all deposits made in 12 quarters which is unknown
=fv(3%,12,-460,0)=$ 6,528.33
"Weekly demand for a product is 258 units with a standard deviation of 75 units. The cost of placing an order is 75, and the time from ordering to receipt is 3 weeks. The procurement cost (wholesale price) of the product is $10. The annual inventory carrying cost is 10% of the procurement cost of the product. What is the EOQ for this product?"
Answer:
The EOQ is 516 Units
Explanation:
Solution
Given that:
The product demand weekly is = 258 units
Standard deviation = 75 units
The cost of ordering is = 75
The time from receipt ordering = 3 weeks
The cost of procurement is = $10
The annual inventory cost (carrying ) is = 10%
Now,
The expected demand is = lead time demand * the lead time demand in weeks
= 258 units * 2 weeks = 516 Units
Exercise 14-5 (Algo) Bonds; issuance; effective interest; financial statement effects [LO14-2] Myriad Solutions, Inc. issued 12% bonds, dated January 1, with a face amount of $390 million on January 1, 2021, for $348,683,634. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31. Required: Calculate the amounts related to the bonds that Myriad would report in its financial statements. (Round your answers to the nearest whole dollar.)
Answer:
1a.Carrying value $354,266,807
Interest expense $52,383,173
Cash Interest $46,800,000
1b.Balance Sheet:
Net Liability $354,266,807
Income Statement:
Interest expense $52,383,173
Statement of cash flows:
Operating -$46,800,000
Investing 0
Financing $348,683,634
Explanation:
1a.Calculation of the amounts related to the bonds that Myriad would report in its financial statements
Bond Amortization Schedule
Date Cash interest Interest Expense Discount amortization Carrying value
01-Jan-21 $348,683,634
30-Jun-21
$23,400,000 $24,407,854 $1,007,854 $349,691,488
31-Dec-21 $23,400,000 $27,975,319 $4,575,319 $354,266,807
Total amount of Cash Interest
$46,800,000
Total amount of Interest expense $52,383,173
1b. Indication of the amounts to be reported on the financial statements for the year ending December 31, 2021
Myriad Financial statements
Balance Sheet:
Net Liability $354,266,807
Income Statement:
Interest expense $52,383,173
Statement of cash flows:
Operating -$46,800,000
Investing 0
Financing $348,683,634
($354,266,807+$46,800,000)
=$401,066,807
$401,066,807-$52,383,173
=$348,683,634