Answer:
$150,000×20,000=3.000.000.000
Explanation:
3.000.000.000÷10=300.000.000 years
Journalizing Cash Payments Transactions
Enter the following cash payments transactions in a general journal:
Sept. 5 Issued Check No. 318 to Georgetown Inc. for merchandise purchased
August 28, $5,500, terms 2/10, n/30. Payment is made within the discount
period.
12 Issued Check No. 319 to Martin Company for merchandise purchased
September 2, $7,500, terms 1/10, n/30. A credit memo had been received
on September 8 from Martin Company for merchandise returned, $500.
Payment is made within the discount period after deduction for the return
dated September 8.
19 Issued Check No. 320 to Professional Partners for merchandise purchased
August 20, $4,000, terms n/30.
27 Issued Check No. 321 to Dynamic Data for merchandise purchased
September 17, $9,000, terms 2/10, n/30. Payment is made within the
discount period.
Answer:
Journalizing Cash Payments Transactions
General Journal
Sept. 5 Debit Accounts payable (Georgetown Inc.) $5,500
Credit Cash $5,390
Credit Cash Discounts $110
To record the issue of Check No. 318 for merchandise purchased August 28 on terms 2/10, n/30, including discounts.
Sept. 12 Debit Accounts payable (Martin Company) $7,000
Credit Cash $6,930
Credit Cash Discounts $70
To record the issue of Check No. 319 for merchandise purchased September 2 on terms 1/10, n/30.
Sept. 19 Debit Accounts payable (Professional Partners) $3,400
Credit Cash $3,400
To record the issue of Check No. 320 for merchandise purchased August 20 on terms n/30.
27 Debit Accounts payable (Dynamic Data) $9,000
Credit Cash $8,820
Credit Cash Discounts $180
To record the issue of Check No. 321 for merchandise purchased September 17 on terms 2/10, n/30.
Explanation:
a) Data and Analysis:
Sept. 5 Accounts payable (Georgetown Inc.) $5,500 Cash $5,390 Cash Discounts $110 Issued Check No. 318 for merchandise purchased August 28 on terms 2/10, n/30.
Sept. 12 Accounts payable (Martin Company) $7,000 Cash $6,930 Cash Discounts $70 Issued Check No. 319 for merchandise purchased September 2 on terms 1/10, n/30.
Sept. 19 Accounts payable (Professional Partners) $3,400 Cash $3,400 Issued Check No. 320 for merchandise purchased August 20 on terms n/30.
27 Accounts payable (Dynamic Data) $9,000 Cash $8,820 Cash Discounts $180 Issued Check No. 321 for merchandise purchased September 17 on terms 2/10, n/30.
Advanced Enterprises reports year−end information from 2019 as follows: Sales (161,000 units) $965,000 Cost of goods sold (644,000) Gross margin 321,000 Operating expenses (266,000) Operating income $55,000 Advanced is developing the 2020 budget. In 2020 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 11%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. Should Advanced increase the selling price in 2020?
Answer:
Advanced should increase the selling price in 2020.
Explanation:
Current selling price = Current sales value / Current sales volume = $965,000 / 161,000 = $5.99
Expected selling price = Current selling price * (100% + Expected percentage increase in selling price) = $5.99 * (100% + 14.5%) = $6.86
Expected sales volume = Current sales volume * (100% - Expected percentage increase in sales volume) = 161,000 * (100% - 11%) = 143,290 units
Expected sales value = Expected selling price * Expected sales volume = $6.86 * 143,290 = $982,762
Cost of goods sold per unit = Current cost of goods sold / Current sales volume = $644,000 / 161,000 = $4.00
Expected cost of goods sold = Expected sales volume * Cost of goods sold per unit = 143,290 * $4.00 =$ 573,160
Therefore, Advanced Enterprises expected operating income for 2020 can be computed as follows:
Details $
Sales (143,290 units) 982,762
Cost of goods sold (573,160)
Gross margin 409,602
Operating expenses (266,000)
Operating income 143,602
Since the expected operating income of $143,602 for 2020 is greater than $55,000 operating income for 2019, Advanced should increase the selling price in 2020.
In an article about the financial problems of USA Today, Newsweek reported that the paper was losing about $20 million a year. A Wall Street analyst said that the paper should raise its price from 50 cents to 75 cents, which he estimated would bring in an additional $65 million a year. The paper's publisher rejected the idea, saying that circulation could drop sharply after a price increase, citing The Wall Street Journal's experience after it increased its price to 75 cents. What implicit assumptions are the publisher and the analyst making about price elasticity
Answer: See explanation
Explanation:
The implicit assumptions that is masde by the publisher is that price elasticity is elastic. This implies that a change in price has a large impact on the quantity demanded. In this case, an increase in price will bring about a large reduction in demanded.
On the other hand, the analyst believee the price elasticity is inelastic. This means price change will have a little or no change in the quantity demanded.
Name a product or a company that you are familiar with. Discuss how environmental forces (social, economic, technological, competitive, and regulatory) will impact that product/company over the next five years.
Answer:
The name of the product is Coke and this is a Pestel Analysis.
PESTEL is short for Political, Economic, Social, Technological, Environmental, and Legal. All representing factors that can and will impact the operations of any business.
Explanation:
Coca-Cola is a global company with is in the business of providing refreshments to its customers by the sale of Soda or soft drinks. Because of the nature of the product, the industry in which they play is heavily regulated and they must use the best technology in order to stay relevant, competitive, and dominant in the market.
Political factors
One of the regulators to whom Coca-cola must dance to its tune is the Food and Drugs Administration (FDA) a Federal Agency of the Department of Health and Human Services in the US. All Coca-cola product must meet their requirements as stipulated by law. If the laws enforced by FDA changes it could adversely affect the distribution, taxes, accounting, and all other operations of Coca-Cola.
Economical factors
Some economic factors that may affect a business like Coca-cola are:
Interest rates, exchange rates, recession, Inflation, Taxes, Demand / Supply.
One critical factor in this group which the company must be on the lookout for always is changes in taste and demand. Consumers are making a shift globally towards more healthy alternatives to soda. This is because, as the world becomes more sedentary due to shifts in global economic patterns as induced by the pandemic, risk factors relating to health care on the increase. Hence consumers want to ensure that they cut down on foods and beverages that increase their predisposition to conditions such as obesity, cancer, high blood pressure, etc.
To stay relevant and competitive, the company has to seek out healthy drinks that speak to all the various localities (which are over 200 countries).
Social factors
Examples of social factors that can affect a business are:
e-commerce adaptation, purchasing habits, ease of adoption of technology, changes in customer service expectation, the education level of consumers.
The purchasing habit for Coca-cola is changing in lots of countries. People are becoming more predisposed to buying products online. How will that affect the demand for the company's products? Will it increase as online food orders increase? can the company position itself to take advantage of the trend? If yes, then it is making taking advantage of its changing social environment.
Technological factors
Adoption of best-in-class machinery is one of the strategies that has enabled Coca-Cola to achieve higher quality and quantity of its products. Speed of delivery, processes that are optimized for the lowest costs and highest outputs are now being made possible with advances in technology. Coca-cola is taking advantage of technology especially in regions such as Europe.
Legal factors
Product liability, third-party liability, employer-employee (labor) relations, compliance, and regulatory factors are all within the scope of Coca-Cola's legal universe. Constantly managing this space of its operations will keep it from experiencing avoidable erosion of its bottom line and brand equity.
Environmental factors
Companies no longer compete on the basis of profitability alone. Global companies are the target of onslaughts from those who campaign against the degradation of the environment. One way they do so is to discourage the consumption of the goods of a company whose activities are harming the environment.
So companies all over the world are not competing based on the triple bottom line criteria: People, Planet, Profit.
This answers the questions whether
Coca-cola is in compliance with international best practices as far as labor law is concerned;How does the company handle its effluents and wastes? is it just discharging them into the earth without treatment? or is it creatively converting them into economic products? how responsible is the company socially?then of course there is the issue of keeping the books in the blackCheers
The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next three months. You do not know whether it will go up or down, however. The current price of the stock is $100 per share, and the price of a 3-month call option at an exercise price of $100 is $10.
Required:
a. If the risk-free interest rate is 5% per year, what must be the price of a 3-month put option on P.U.T.T. stock at an exercise price of $140?
b. What would be a simple options strategy to exploit your conviction about the stock price?
Answer:
A. $7.65
B. $ 17.65
$ 18.07
Explanation:
A. Calculation to determine the price of a 3-month put option on P.U.T.T. stock at an exercise price of $100
Using this formula
P = C-S+[X/(1+r)T]
Let plug in the formula
P = 10-100+[100/(1+0.10)1/4]
P = 10-100+[100/(1.10)1/4]
P = 10-100+[100/1.0241]
P = 10-100+97.65
P = 10-2.35
P = $7.65
Therefore the price of a 3-month put option on P.U.T.T. stock at an exercise price of $100 will be $7.65
B. Calculation for the Stock price future movements
Total cost of straddle option = $10+$ 7.65
Total cost of straddle option= $ 17.65
Therefore Stock price future movements is $ 17.65
Calculation to determine the profit on your initial investment
Profit=$ 17.65*(1.10)^1/4
Profit=$ 17.65*1.0241
Profit= $ 18.07
Therefore the profit on your initial investment will be $ 18.07
An industrial park is being planned for a tract of land near the river. To prevent flood damage to the industrial buildings that will be built on this low-lying land, an earthen embankment can be constructed. The height of the embankment will be determined by an economic analysis of the costs and benefits. The following data have been gathered: Embankment Height Above Roadway (m) Initial Cost 2.0 $100,000 2.5 165,000 3.0 300,000 3.5 400,000 4.0 550,000 Flood Level Above Roadway (m) Average Frequency That Flood Level Will Exceed Height in Col. 1 2.0 Once in 3 years 2.5 Once in 8 years 3.0 Once in 25 years 3.5 Once in 50 years 4.0 Once in 100 years The embankment can be expected to last 50 years and will require no maintenance. Whenever the flood water flows over the embankment, $300,000 of damage occurs. Determine which of the five heights above the roadway should be selected. The interest rate is 12%. (50 points)
Answer:
The best height will be of 3.5 as it provides the best expected present worth.
Explanation:
2.0 heights Cost $100,000 now and it is expected to have losses of 300,000 every three years:
Present Value of Annuity
[tex]C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 300,000
time 16.67
(50 years of useful life / 3 years expected flood)
rate 0.404928
(we capitalize the 12% annual into a 3-year rate)
[tex]300000 \times \displaystyle \frac{1-(1+0.404928)^{-16.67} }{0.404928} = PV\\[/tex]
PV $738,308.8983
Present Worth: 100,000 + 738,308.90 = 838,308.90
2.5 height: cost $165,000, and we expected damage every eight year:
Present Value of Annuity
[tex]C \times \displaystyle \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 300,000
time 6.25 (50 years useful life / 8 years)
rate 1.475963176 (we capitalize the 12% annual into a 8-year rate)
[tex]300000 \times \displaystyle \frac{1-(1+1.475963176)^{-6.25}}{1.475963176} = PV\\[/tex]
PV 203,257.0478
Present worth: 203,257.05 + 165,000 = 368,257.05
3.0 cost $300,000, and we expect a flood every 25 years
[tex]300000 \times \displaystyle \frac{1-(1+16)^{-2} }{16} = PV\\[/tex]
PV $18,685.0464
Present worth: 300,000 + $18,685.0464 = 318,685.05
3.5 cost $400,000, and we expect a floor every 50 years:
PRESENT VALUE OF LUMP SUM
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 300,000.00
time 50.00
rate 0.12
[tex]\frac{300000}{(1 + 0.12)^{50} } = PV[/tex]
PV 1,038.05
Cost: 400,000 + 1,038.05 = 401,038.05
8. Percy Original caters to a market of individuals and households that
buys goods and services for personal consumption. Percy Original caters
market.
to a
OA) business
O B) reseller
OC) government
O D) consumer
E) marketing intermediary
Answer:
vsw vds vDS Vsdvds Vds VSD Vdsv dSVDS vd sV DS
Explanation:
Micropolois Technology began a new development project in 2017. The project reached technological feasibility on September 1, 2018, and was available for release to customers at the beginning of 2019. Development costs incurred prior to September 1, 2018, were $4,200,000 and costs incurred from June 30 to the product release date were $1,800,000. The 2019 revenues from the sale of the new software were $3,000,000, and the company anticipates additional revenues of $12,000,000. The economic life of the software is estimated at three years. Amortization of the software development costs for the year 2019 would be:
Answer: $600,000
Explanation:
The Development costs prior to the project reaching technological feasibility are to be expensed according to U.S. GAAP.
Costs incurred after the point of technological feasibility was reached however, will be amortized over the life of the asset.
Life of asset is 3 years and costs incurred would be $1,800,000.
Amortization amount in 2019 would be:
= 1,800,000 / 3
= $600,000
If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is (a) $650. (b) $1,300.
How do I tell a guy I like him?
For calendar year 2020, Stuart and Pamela Gibson file a joint return reflecting AGI of $357,700. Their itemized deductions are as follows:
Note: All expenses are before any applicable limitations, unless otherwise noted.
Casualty loss in a Federally declared disaster area after $100 floor (not covered by insurance) $53,200
Home mortgage interest (loan qualifies as acquisition indebtedness) 21,280
Credit card interest 1,064
Property taxes on home 16,300
Charitable contributions 28,700
State income tax 18,000
Tax return preparation fees 1,200
Round your intermediate computations to nearest whole dollar.
Required:
The amount of itemized deductions the Gibsons may claim for the year is?
Answer:
$56,130
Explanation:
Calculation to determine what the amount of itemized deductions the Gibsons may claim for the year is
Stuart and Pamela Gibson
Casualty loss $17,430
[$53,200 – (10% × $357,700)]
Home mortgage interest 21,280
State tax 10,000
(18,000 income and 16,300 property
Limited to 10,000)
Charitable Contributions 28,700
Total itemized deductions $56,130
Therefore the amount of itemized deductions the Gibsons may claim for the year is $56,130
On December 31, 2008, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Abbey Co. agreed to accept a $200,000 zero-interest-bearing note due December 31, 2010, as payment in full. Hayduke is somewhat of a credit risk and typically borrows funds at a rate of 10%. Abbey is much more creditworthy and has various lines of credit at 6%.
Instructions
(a) Prepare the journal entry to record the transaction of December 31, 2008, for the Ed Abbey Co.
(b) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2009.
(c) Assuming Ed Abbey Co.’s fiscal year-end is December 31, prepare the journal entry for December 31, 2010.
(d) Assume that Ed Abbey Co. elects the fair value option for this note. Prepare the journal entry at December 31, 2009, if the fair value of the note is $185,000.
Aulman Inc. has a number of divisions including a Furniture Division and a Motel Division. The Motel Division owns and operates a line of budget motels located along major highways. Each year, the Motel Division purchases furniture for the motel rooms. Currently, it purchases a basic dresser from an outside supplier for $40. The manager of the Furniture Division has approached the manager of the Motel Division about selling dressers to the Motel Division. The full product cost of a dresser is $29. While the Furniture Division has been operating at capacity (50,000 dressers per year) and selling them for $40 each, it expects to produce and sell only 40,000 dressers for $40 each next year. The Furniture Division incurs variable costs of $13 per dresser. The company policy is that all transfer prices are negotiated by the divisions involved.
Required:
a. What is the maximum transfer price?
b. Which division sets it?
c. What is the minimum transfer price?
d. Which division sets it?
Answer:
correct answer is A I hope it helped you
You are conducting a discounted cash flow analysis (DCF). You purchased an asset for $400,000 at time point zero. The asset was depreciating using straight line depreciation over a ten year schedule. When you initially placed the asset into service, you expected the asset to have a disposal / salvage value of $0. At the end of year seven the project is suddenly cancelled due to a change in technology and the asset is sold in the open market for $110,000. Prior to this transaction, the firm was forecasted to earn $1,000,000 profit after tax in year seven and the tax rate for the firm is 20%. What is the cash flow, in time period seven, as a result of this transaction
Answer: $112000
Explanation:
First, we calculate the book value in year 7 which will be:
= Depreciation × Balance life
= $400,000 × 3/10
= $120,000
Then, the cash flow as a result of the transaction will be:
= Asset sale - (Asset - Book value) × Tax rate
= 110000 - [(110000 - 120000) × 20%]
= 110000 - (-2000)
= 110000 + 2000
= 112000
Cash flow is the determination of inflow and outflow of cash due to business or non-business activities. The cash flow for a particular year is determined by preparing the cash flow statement. There are two methods for cash flow statements those are: direct and indirect methods.
The cash flow for the transaction is $112,000
Computation:
The cash flow in the time period of seven years is determined as follows:
[tex]\begin{aligned}\text{Cash Flow}&=\text{Sale Value of Asset}-[\left(\text{Asset-Book Value}\right)\times\text{Tax Rate}]\\&=\$110,000-[\left(\$110,000-\$120,000 \right )\times20\%]\\&=\$110,000-\left(-\$2,000 \right )\\&=\$112,000 \end{aligned}[/tex]
Working Note:
The calculation of the book value of the asset at the 7th year:
[tex]\begin{aligned}\text{Book Value}&=\text{Depreciation}\times\dfrac{\text{Remaining Life of Asset}}{\text{Estimate Useful Life of the Asset}}\\&=\$400,000\times\dfrac{3}{10}\\&=\$120,000\end{aligned}[/tex]
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Carolyn owes $9,620 on her Electronics Boutique credit card with a 16.4% interest rate. She owes $3,970 on her Miscellaneous Goods credit cards which has a 24.6% interest rate. What is the total monthly payment needed to pay off both cards in three years, assuming she makes fixed payments and does not charge any more purchases with the card
Answer:
377.50
Explanation:
Answer: 497.12
Explanation: just got it right on the test
Southern Corporation has a capital structure of 40% debt and 60% common equity. This capital structure is expected not to change. The firm's tax rate is 34%. The firm can issue the following securities to finance capital investments: Debt: Capital can be raised through bank loans at a pretax cost of 9.7%. Also, bonds can be issued at a pretax cost of 7.0%. Common Stock: Retained earnings will be available for investment. In addition, new common stock can be issued at the market price of $67. Flotation costs will be $2 per share. The recent common stock dividend was $3.68. Dividends are expected to grow at 5% in the future. What is the cost of external equity
Answer:
Cost of equity = 10.9%
Explanation:
The Dividend Valuation Model(DVM) is a technique used to value the worth of an asset. According to this model, the value of an asset is the sum of the present values of the future cash flows would that arise from the asset discounted at the required rate of return.
If dividend is expected to grow at a given rate , the value of a share is calculated using the formula below:
D0× (1+g)/Po × (1-F) + g
Do - dividend in the following year, K- requited rate of return , g- growth rate , F= Floatation cost in %
DATA:
D0- 3.68
g- 5%
P=67
K- ?
Po×(1-F)= 67-3.68=$63.32
Ke = 3.68× 1.05/ 63.32 + 0.05 =0.109
Cost of equity = 0.109× 100= 10.9%
Cost of equity = 10.9%
Crane Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Crane sells 9,000 subscriptions for cash, beginning with the December issue. Crane prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end.
Required:
a. Prepare the adjusting entry at December 31, 2022, to record subscription revenue in December 2022.
b. Prepare the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023.
Answer:
A. Debit unearned subscription revenue $21,000
Credit Subscription Revenue $21,000
B. Debit Unearned Subscription Revenue $63,000
Credit Earned Subscription Revenue $63,000
Explanation:
A. Preparation of the adjusting entry at December 31, 2022, to record subscription revenue in December 2022.
Debit unearned subscription revenue $21,000
Credit Subscription Revenue $21,000
[($28 per year*9,000)/12]
(Being to record subscription revenue )
B. Preparation of the adjusting entry at March 31, 2023, to record subscription revenue in the first quarter of 2023.
Debit Unearned Subscription Revenue $63,000
Credit Earned Subscription Revenue $63,000
[($28 per year*9,000)/12*3]
(Being to record subscription revenue in the first quarter)
List three examples of fossil fuels are
Answer:
i Will help
Explanation:
dinosaur ones
Turtle ones and
fish fossils
your welcome my buddy
Answer:
Explanation:
Coal, crude oil, and natural gas are all considered fossil fuels because they were formed from the fossilized, buried remains of plants and animals that lived millions of years ago
Kidder Company began its operations on March 31 of the current year. Projected manufacturing costs for the first three months of business are $156,800, $195,200, and $217,600, respectively, for April, May, and June. Depreciation, insurance, and property taxes represent $28,800 of the estimated monthly manufacturing costs. Insurance was paid on March 31, and property taxes will be paid in November. Three-fourths of the remainder of the manufacturing costs are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month. The cash payments for manufacturing in the month of June are:___.
a. $294,000.
b. $235,200.
c. $183,200.
d. $381,500.
Answer:
Total cash disbursement June= $183,200
Explanation:
Giving the following formula:
Manufacturing costs:
May= $195,200
June= $217,600
We need to deduct the costs of depreciation, insurance, and property taxes. The first one is not a cash disbursement cost. The second and third are already paid.
Cash disbursement June:
Manufacturing costs June= (217,600 - 28,800)*0.75= 141,600
Manufacturing costs May= (195,200 - 28,800)*0.25= 41,600
Total cash disbursement June= $183,200
A manager needs to assign her team to work on different types of programs in the community. Any team can work on any of the programs. However, the manager feels that there is a difference in the amount of time it would take each group to finish their tasks for each program. Her estimate of the time to complete in hours is given below. Programs Business Education Surveys Beautification Group 1 32 35 15 27 Group 2 38 40 18 35 Group 3 41 42 25 38 Group 4 45 45 30 42 What is the total number of hours the teams will spend on the projects
Answer:
The total number of hours the teams will spend on the projects is:
= 548 hours.
Explanation:
a) Data and Calculations:
Estimate of time to complete each program by various groups:
Programs
Business Education Surveys Beautification Total
Group 1 32 35 15 27 109
Group 2 38 40 18 35 131
Group 3 41 42 25 38 146
Group 4 45 45 30 42 162
Total 156 162 88 142 548
b) Each group's total time is added, and each program's total time is also added. The totals are then summed to get the overall total number of hours that the teams would spend on the various projects.
The current listed price per share of a certain common stock is $15. The cash dividend expected from this corporation in one year is $2 per share. All market research indicates that the expected constant growth rate in dividends will be 4 percent per year in future years. What is the rate of return on this investment that an investor can expect if shares are purchased at the current listed price
Answer:
the rate of return on the investment is 17.33%
Explanation:
The computation of the rate of return is shown below:
The Rate of return is
= (Dividend at year 1 ÷ Price year at 0) + growth rate
= ($2 ÷ 15) + 0.04
= 17.33%
Hence, the rate of return on the investment is 17.33%
We simply applied the above formula so that the rate of return could come
And, the same would be relevant
The management at BuyRite grocery stores wishes to estimate the amount of time that customers are spending, on average, in its stores and in a checkout line. The most obvious approach for determining this information is to simply record when a customer enters and exits the store. However, it is difficult to track the entering and exiting times of specific customers. We will look at the problem using an alternative approach. Over the past two weeks, the following data have been collected at BuyRite’s newest store during busy hours (this BuyRite is rather large and typically has 7 open checkout lines). For simplicity, let us assume that the overall capacity at checkout lines is higher than the arrival rate of customers into the store.
Average rate of customers entering store = 305 customers/hour
Average number of customers in store = 146 customers
Percentage of customers who do not make a purchase = 5%
Average number of customers in the checkout lines = 24 customers
As their consultant, you have been asked by BuyRite’s management to address the following questions:
(a) How much time on average does a customer spend in the store?
(b) How much time on average does a customer spend waiting?
Answer and Explanation:
a. The computation of the time on an average that customer spend in the store is given below:
As we know that
Average number of Customers = Average rate of Customers Entered × Average time spend
So, Average time spend = Average number of Customers ÷ Average rate of Customers Entered
= 146 ÷ 305
= 0.478689 Hours
Now
= 0.478689 × 60
= 28.72 minutes
b. The computation of the time on an average the customer spend waiting is given below:
We know that
The Average number of Customers in waiting = Average rate of Customers Entered × Average time spend by customer for waiting in checkout lines
Average time spend by customer for waiting in checkout lines = Average number of Customers in waiting ÷ Average rate of Customers entered
= 24 ÷ 305
= 0.078689 hours
Now
= 0.078689 × 60
= 4.72 minutes
a. The computation of the time on an average that customer spend in the store is
we know that
Average number of Customers = Average rate of Customers Entered × Average time spend
So, Average time spend = Average number of Customers ÷ Average rate of Customers Entered
= 146 ÷ 305
= 0.478689 Hours
So,
= 0.478689 × 60
= 28.72 minutes
b. The calculation of the time on an average the customer spend waiting is
We know that
The Average number of Customers in waiting = Average rate of Customers Entered × Average time spend by customer for waiting in checkout lines
Average time spend by customer for waiting in checkout lines = Average number of Customers in waiting ÷ Average rate of Customers entered
= 24 ÷ 305
= 0.078689 hours
Now
= 0.078689 × 60
= 4.72 minutes
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Ulko produces tomato paste at five different plants. The tomato paste is then shipped to one of three warehouses, where it is stored until it is shipped to one of the company’s four customers. The shell gives the plant capacities, the cost per ton of producing tomato paste at each plant and shipping it to each warehouse, the cost of shipping a ton of paste from each warehouse to each customer, customer demand, and the annual fixed cost of operating each plant and warehouse. Ulko’s management must decide which plants and warehouses to open, how to route paste from plants to warehouses and from warehouses to customers. All customer demand must be met. A given customer’s demand can be met from more than one warehouse, and a given plant can ship to more than one warehouse. Warehouses are trans-shipment points, anything shipped into a warehouse must be shipped out. Formulate a linear model and find the minimum cost solution for meeting customer demand.
Explanation:
all customer demand must b
The Elmo Company purchased equipment on January 1, Year 1 at a cost of $26,000. The equipment was estimated to last for 8 years and have a salvage value of $2,000. At the end of Year 5, it was determined that the total useful life of the equipment was really 11 years, and the salvage value was expected to remain unchanged. The firm uses the straight-line method of depreciation.
a. What amount of depreciation was recorded for the equipment in year 1?
b. What was the amount of the depreciation expense recorded in year 6?
Answer:
The Elmo Company
a. The amount of the depreciation expense recorded in year 1 = $3,000
b. The amount of the depreciation expense recorded in year 6 = $1,500
Explanation:
a) Data and Calculations:
Cost of equipment on January 1, Year 1 = $26,000
Estimated useful life = 8 years
Salvage value = $2,000
Depreciable amount = $24,000 ($26,000 - 2,000)
Annual depreciation expense = $3,000 ($24,000/8)
Accumulated depreciation after 5 years = $15,000 ($3,000 * 5)
Net book value after 5 years = $11,000
Sixth year appraisals:
Remaining useful life = 6 years
Salvage value = unchanged at $2,000
Depreciable value = $9,000 ($11,000 - 2,000)
Annual depreciation expense = $1,500 ($9,000/6)
Sam and Joan made an offer of $250,000 asking the seller to pay all closing costs. They will put 10% down and pay one discount points at closing. The amount of cash required at closing for Sam and Joan will be?
Answer:
$27,500
Explanation:
Discount points are also called mortgage points and are fees paid as prepaid interest rate on a mortgage property.
One discount point is equivalent to 1% of the loan amount.
In the given scenario a down payment of 10% was made.
Also they are pay one discount point to close.
So total down payment to be made is 10% + 1% = 11%
Amount is cash for closing = 0.11 * 250,000 = $27,500
Caughlin Company needs to raise $75 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The company has a target capital structure of 75 percent common stock, 5 percent preferred stock, and 20 percent debt. Flotation costs for issuing new common stock are 11 percent, for new preferred stock, 8 percent, and for new debt, 3 percent.
What is the true initial cost figure the company should use when evaluating its project? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.)
Initial cost $
Answer: $82,644,628
Explanation:
The true initial cost figure that the company should use when evaluating its project will be calculated as:
First we calculate the weighted average flotation which will be:
= (0.75 × 0.11) + (0.05 × 0.08) + (0.20 × 0.03)
= 9.25%
Therefore, the amount raised will be:
= 75 million / (1 - 9.25%)
= 75 million / (1 - 0.0925)
= $82,644,628
Therefore, the true initial cost is $82,644,628.
Lyons Corporation produces three products from a common manufacturing process. The total joint cost of producing 2,000 pounds of Product A; 1,000 pounds of Product B; and 1,000 pounds of Product C is $7,500. Selling price per pound of the three products are $15 for Product A; $10 for Product B; and $5 for Product C. Joint cost is allocated using the sales value method.
A. Compute the unit cost of Product Aif all three products are main products.
B. Compute the unit cost of Product A if Products A and B are main products and Product C is a by-product for which the cost reduction method is used.
Answer:
ik sorry but choose b that's probably it
If investors receive shares of stock in companies that they fund on crowdfunding websites like Kickstarter, would their investments be considered to be securities? Group of answer choices Yes, because it is an investment of money in a common enterprise and the investors expect profit from the efforts of others. No, they do not involve the investment of money or other consideration. No, because the profit arises solely from the efforts of the investors. Yes, because the requirements of the 1934 Securities Exchange Act are all met.
Answer:
Yes, because it is an investment of money in a common enterprise and the investors expect profit from the efforts of others.
Explanation:
In the case when the investor would received the shares of the companies and that should be funded on the website of crown funding so this would be considered as securities as this a money investment that to be made in a common enterprise also the investor expected the profit. In addition to this, the SEC permits the equity crowdfunding with effective from May 2016
Therefore the first option is correct
A VC investor has invested $5 million in the preferred stock of a venture that is now being acquired for $50 million. The investment has a 2X liquidation preference . Alternatively the preferred stock is convertible into 25% of the common shares that would be outstanding prior to the acquisition. What is the best payoff the VC investor can get from the acquisition
Answer: $12.5 million
Explanation:
The best payoff the VC investor can get from the acquisition will be:
From the question, we've two options. The first option using the 2x Liquidation Preference will give a payoff of:
= 2 × $5 million
= $10 million
The second option using 25% of Common Shares will give a payoff of:
= 25% × $50 million
= 0.25 ÷ $50 million.
== $12.5 million
Therefore, the best Payoff is $12.5 Million.
Twins graduate from college together and start their careers. Twin 1 invests $1500 at the end of each year for 10 years only (until age 33) in an account that earns 7%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 7% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)
Answer:
Annual investment= $2,855.71
Explanation:
First, we will determine the future value of the investment of Twin 1 at the end of the firsts 10 years.
Twin 1:
Annual investment= $1,500
Number of periods= 10 years
Interest rate= 7%
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,500*[(1.07^10) - 1]} / 0.07
FV= $20,724.67
Now, the value of the account of Twin 1 after 32 years (65 - 33), if he leaves the money to gain interest:
FV= PV*(1+i)^n
FV= 20,724.67*(1.07^32)
FV= $180,621.11
Finally, the annual deposit that Twin 2 must make to equal the amount earned by Twin 1:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (180,621.11*0.07) / [(1.07^25) - 1]
A= $2,855.71
Twin 2 must make an annual deposit of $2,855.71 to match the amount earned by Twin 1, which is the annual investment.
How do you calculate the Annual investment of Twin 2?First, we'll calculate the future value of Twin 1's investment at the conclusion of the first ten years.
[tex]\text{Twin 1}:\\\text{Annual investment}= $1,500\\\text{Number of periods= 10 years}\\\text{Interest rate= 7} \text{percent}\\FV= {A\text{x}[(1+i)^n-1]}/i\\\text{A= annual deposit}FV= {1,500 \text{x} [(1.07^{10} ) - 1]} / 0.07FV= $20,724.67[/tex]
The following is the worth of Twin 1's account after 32 years (65 - 33), assuming he leaves the money to earn interest:
[tex]\text{FV= PV} \text{x}(1+i)^n\\FV= 20,724.67\text { x }(1.07^{32})\\FV= 180,621.11[/tex]
Finally, Twin 2 must make an annual deposit equivalent to the amount generated by Twin 1:
[tex]\text{FV}= {\text{A} \text{x}{[(1+i)^n-1]}/\text{i}\\\text{A= annual deposit}[/tex]
[tex]\text{Isolating A}:\\A= (FV \text{x} i)/{[(1+i)^n]-1}\\A= (180,621.11 \text{x} 0.07) / [(1.07^{25} ) - 1]\\A= 2,855.71[/tex]
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