Answer:
injunction
Explanation:
A prohibition is a legal and equitable remed in the form of a special court order that compels the party to commit or reject certain action. "When a court appoints an extraordinary injunction, it sets forth the conduct of one party and does so with the support of its full powers." A party who fails to comply with the ban will face criminal or civil penalties, including criminal sanctions and imprisonment. He can also be charged in a contempt of court case. These are the situations where you can ask the criminal party to stop doing things that hurt and hurt you. However, there are cases where asking does not solve the problem. In such a case, you may want to go to court and ask the judge to intervene in the situation and to treat the offending party as problematic. To do this, you file an injunction.Julie Whiteweiler made $930 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Whiteweiler contributes $100 each week to her company's 401(k) plan and has $25 put into her health savings account (nonqualified) each week. Her employer matches this $25 each week.
Required:
Determine Whiteweiler's take-home pay if she is single and claims 4 allowances (use the wage-bracket method).
Answer:
Step 1: Calculate FICA (OASDI & HI):
Total wage subjected to FICA is $930. Why? Contributions to 401K is only exempted from Fed. Income Tax Withholding (FIT) not FICA. As for HSA contrib., it is exempted for both FICA and FIT. However, the plan is non-qualified, which means that $25 contributed by employee is taxable for both. The $25 matching from employer for HSA is excluded from income and income taxes.
OASDI RATE 2012: 4.2% of $930; therefore, $39.06
HI RATE 2012: 1.45% of $930; therefore, $13.49
TOTAL FICA TAX: $52.55
STEP 2: Calculate FIT:
Total earnings subjected to FIT is ($930-100)= $830. Why? $100 contributions to 401k is exempted from FIT. HSA contrib. is unqualified.; therefore, contributions from employee is taxable. Using Wage Bracket Method 2012, the FIT is $89.
STEP 3: Getting the Take-Home Pay answer:
($930-100(401k))-25(HSA:Employee)-$52.55(FICA)-89(FIT)=$663.45
Explanation:
If 10,000 units that were 40% completed are in process at November 1, 80,000 units were completed during November, and 12,000 were 20% completed at November 30, the number of equivalent units of production for November was 75,600. (Assume no loss of units in production and that inventories are costed by the first-in, first-out method.)
a. True
b. False
Answer:
Number of equivalents units= 78,400
Explanation:
Giving the following information:
Beginning inventory= 10,000 units that were 40%
Units completed= 80,000
Ending inventory= 12,000 were 20% completed
We will determine the number of equivalents units using the following structure:
COST PER EQUIVALENT UNITS:
Beginning work in process = beginning inventory* %incompleted
Units started and completed = units completed - beginning WIP
Ending work in process completed= Ending WIP* %completed
=Number of equivalent units
Beginning work in process = 10,000*0.6= 6,000
Units started and completed = 80,000 - 10,000= 70,000
Ending work in process completed= 12,000*0.2= 2,400
= 78,400
The term market economy is often used interchangeably with what other term?
A. Socialism
B. Capitalism
C. Communism
D. Democracy
Answer:
B. Capitalism
Explanation:
Capitalism is a type of economic system where individuals or corporations own capital goods and make financial decisions based on market prices, cost of production, and distribution of goods which are determined by competition in the free market.
The term "market economy" is often used interchangeably with Capitalism because they are similar.
True or false: The plantwide overhead rate method uses multiple rates to allocate overhead costs to products.
Answer:
Flase.
Explanation:
The plantwide overhead rate method uses multiple rates to allocate overhead costs to products.
False.
As the name indicates, the plantwide overhead rate uses a single rate to allocate overhead. When the predetermined overhead rate is calculated using the activity base method, you have as many predetermined rates as activities.
To calculate a plant-wide overhead rate, you need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Accounting software for small businesses has become so sophisticated that most small business owners will never need to consult with an actual accountant or understand accounting information themselves.
a. True
b. False
A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce their cost per unit from $2 to $1.85. After the investment has been made, the $400,000 investment is
Answer:
a. Considered sunk costs, not relevant in further decision making
Explanation:
the missing options are:
a. Considered sunk costs, not relevant in further decision making b. Considered sunk costs, but still relevant in further decision making c. Considered a loss d. Considered a profitAfter the investment in new technology has been made, it will be considered a sunk cost, because they are no longer relevant or important when considering or evaluating future investments and projects. Sunk costs are expenses that have already been made and incurred, and cannot be recouped.
There are 3 blanks for this homework problem I do not know how to do. The quesetions are bolded with blanks and question marks.
Weighted Average Method, Unit Costs, Valuing Inventories
Byford Inc. produces a product that passes through two processes. During November, equivalent units were calculated using the weighted average method:
Units completed 196,000
Add: Units in EWIP X Fraction complete (60,000 X 40%) 24,000
Equivalent units of output (weighted average) 220,000
Less: Units in BWIP X Fraction complete (50,000 X 70%) 35,000
Equivalent units of output (FIFO) 185,000
The costs that Byford had to account for during the month of November were as follows:
BWIP $107,000
Costs added 993,000
Total $1,100,000
Required:
1. Using the weighted average method, determine unit cost.
per unit ___________??
2. Under the weighted average method, what is the total cost of units transferred out? What is the cost assigned to units in ending inventory?
Cost of units transferred out _____________??
Cost of ending inventory______________??
Answer and Explanation:
1. The computation of unit cots is shown below:-
Unit cost = Total cost ÷ Equivalent units of output
Cost of per unit = $1,100,000 ÷ 220,000
= $5
2. The computation of the total cost of units transferred out and cost assigned to units in ending inventory is shown below:-
Transfer Out EWIP Total
Cost accounted for:
Goods transfer Out
(196,000 x $5) $980,000 $980,000
Goods EWIP
(24,000 x $5) 0 $120,000 $120,000
Total Cost $980,000 $120,000 $1,100,000
EWIP = Ending work in process
Why the aggregate demand curve slopes downward
The following graph shows the aggregate demand (AD) curve in a hypothetical economy. At point A, the price level is 120, and the quantity of output demanded is $500 billion. Moving up along the aggregate demand curve from point A to point B, the price level rises to 140, and the quantity of output demanded falls to $300 billion.
As the price level rises, the cost of borrowing money will (fall/remain the same/rise), causing the quantity of output demanded to (fall/remain the same/rise).
This phenomenon is known as the (exchange rate/Interest rate/wealth) effect.
Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to (rise/fall) in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore (fall/remain the same/rise), and the number of foreign products purchased by domestic consumers and firms (imports) will (fall/remain the same/rise). Net exports will therefore (fall/remain the same/rise), causing the quantity of domestic output demanded to (fall/remain the same/rise). This phenomenon is known as the (exchange rate/Interest rate/wealth) effect.
Answer:
1. As the price level rises, the cost of borrowing money will rise, causing the quantity of output demanded to fall.
This phenomenon is known as the Interest rate effect.
When price levels rise, people will have to spend more on goods and services and hence save less. As they save less there'll be less loanable funds in the economy which will force interest rates (cost of borrowing) up. As there are less loans to give out and higher rates, people will borrow less and as a result will not demand as much because they can't afford it.
2. Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to rise in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore fall, and the number of foreign products purchased by domestic consumers and firms (imports) will rise. Net exports will therefore fall, causing the quantity of domestic output demanded to fall. This phenomenon is known as the exchange rate effect.
As interest rates rise in the Economy, it will make the country a more attractive place to invest for foreigners so they will demand more of the local currency. This will cause a rise in the value of the domestic currency. This will make the exports of the country more expensive so less people outside will buy it but it will also make foreign products seem cheaper so the local consumers will import more.
The following purchase transactions occurred during March for Rehoboth, Inc.:
Mar. 4 Purchased cleaning supplies for $75, on account from Klenly Supplies.
19 Purchased office equipment for $5,180, on account from Office Warehouse.
23 Purchased cleaning supplies for $196, on account from Rubble Supplies.
Required:
Record these transactions.
The December 31, 2018, balance sheet of Whelan, Inc., showed $136,000 in the common stock account and $2,610,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $146,000 and $2,910,000 in the same two accounts, respectively. The company paid out $141,000 in cash dividends during 2019.
Required:
What was the cash flow to stockholders for the year?
Answer:
$169,000 negative
Explanation:
Equity = Common stock + Additional paid in surplus
Total equity at beginning= Common stock + Additional paid in surplus
=136,000+2,610,000=$2,746,000
Total equity at end= Common stock + Additional paid in surplus
=146,000+2,910,00)=$3,056,000
Hence new equity = Total equity at End - Total equity at beginning
3,056,000-2,746,000=$310,000
Cash flow to stockholders = Dividends paid - New equity
= 141,000-310,000
= -169,000
=$169,000 negative
Gross profit is equal to a. sales plus cost of goods sold b. sales less selling expenses c. sales less cost of goods sold d. sales plus selling expenses
Answer:
sales less cost of goods sold
Explanation:
Gross profit is the profit earned after after deducting the costs of goods sold from revenue
I hope my answer helps you
What is the 5 stage plan for productive meetings? - Why is this important and how will it improve the success of developing a charter? - What is an example of a meeting where you've had the same experience as the video?
Answer:
Answer:
The 5 stage plans for productive meeting :
1. Agenda of meeting : This is very important in every meeting , what we need to discuss , why this meeting is so important for everyone ,etc .
2. Attendees :We have to clear about the level of meeting and we need to be specific. The number of people in the meeting should not be too large if it is not necessary .
3. Short meeting :The time period of meeting should not be too large , because in the large meeting people are getting bored and did not show full concentration during the meeting.
4. Agenda orientation:Meeting should be under and proper agenda , meeting should be deviate from the goal.
5. Outcome from meeting:After completing the meeting , there should be a list of outcome from that meeting and need to apply .
Team Charter:
Team charter is very important tool for proper functioning of a team.It help the team to achieve a specific target within the given time limit.Following are the reasons why team charter is so important.
1. Charter support
2. Define team target
3. Proper communications between team
4. Effective planning
5. Authority level
Video meeting:
Generally Skype is used for video meeting. When all the people are at different location , Skype used for online meeting.The cost of that meeting is not too high , so we can say that this is also a cost effective meeting.
True or False: If a firm changes its credit policy and allows customers to pay in 90 days instead of 60 days, and everything else remains the same, the net cash flow in the next quarter is likely to decrease.
Answer:
True
Explanation:
by increasing the time customers can pay to 90 days, the amount of cash inflows is likely to reduce. thus, the net cash flow in the next quarter is likely to decrease.
Since 2003, Walmart has been a proponent of RFID technology, and the company wanted all of its suppliers to make use of RFID technology.The most likely reason that Walmart is supporting this technology is to help them:
Answer:
Explanation:
The most likely reason for Walmart to support this technology is that it will allow them to track and process items from their suppliers at a much more efficient rate. Since RFID technology uses radio waves to read and capture information stored on a tag attached to an object, providing a unique identifier for an object. These unique tags allow each individual item to be tracked throughout the whole process from supplier to warehouse to client. Thus preventing losses and reducing costs.
If Roten Rooters, Inc., has an equity multiplier of 1.29, total asset turnover of 1.33, and a profit margin of 10.50 percent. What is its ROE?
Answer:
18.01
Explanation:
The computation of return on equity is shown below:-
Return on equity = Profit margin × Asset turnover × Equity multiplier
= 10.50 × 1.33 × 1.29
= 0.105 × 1.33 × 1.29
= 0.1801485
or
= 18.01
Therefore for computing the return on equity we simply applied the above formula i.e by multiplying the profit margin with the asset turnover and the equity multiplier
If a small electric automobile manufacturer is able to gain the social return generated by its electric motor, its demand for financial capital would
Answer: shift to the left
Explanation:
The social return helps in comparing the value of benefits and the costs to achieving the benefits. The social return is the ratio of net present value of the benefits in comparison to the net present value of the investment or the costs to getting the benefits.
In this case, if a small electric automobile manufacturer is able to gain the social return generated by its electric motor, it would decrease the demand for financial capital which simply means that the demand for financial capital will shift to the left. This shift to the left is as a result of the gain in its social return gotten by the electric motor.
South Airlines purchased a 747 aircraft on January 1, 2017, at a cost of $35,000,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $5,000,000. On January 1, 2020 the airline revises the total estimated useful life to 15 years with a revised salvage value of $3,500,000. Compute the depreciation and book value at December 31, 2019 using the straight-line method and the double-declining-balance method.
Answer:
purchase cost January 1, 2017 = $35,000,000
useful life 20 years, salvage value $5,000,000
depreciation expense per year
straight line method = ($35,000,000 - $5,000,000) / 20 = $1,500,000 per year
accumulated depreciation = $4,500,000
book value on December 31, 2019 = $35,000,000 - ($1,500,000 x 3) = $30,500,000
double-declining-balance method:
depreciation expense year 1 = 2 x 1/20 x $35,000,000 = $3,500,000
depreciation expense year 2 = 2 x 1/20 x $31,500,000 = $3,150,000
depreciation expense year 3 = 2 x 1/20 x $28,350,000 = $2,835,000
accumulated depreciation = $9,485,000
book value on December 31, 2019 = $35,000,000 - $9,485,000 = $25,515,000
The Smoot-Hawley Tariff Act of 1930 set high tariffs on hundreds of products. Today, many of the tariffs from this act have been reduced or even eliminated. One exception is the tariff rate of 48% on sneakers imported into the United States. If the Smoot-Hawley tariff on imported sneakers was repealed, you would expect:
Answer:
Currently most sneakers (and any other type of shoes) are imported, with most of them coming from Asian countries like China, Vietnam, Indonesia, etc. Some firms still produce sneakers domestically, but they represent a very small portion of total sales since major brands like Nike, Adidas, Reebok, etc. basically import them all
If the tariffs set on sneakers disappeared, the few remaining brands produced in the US would probably cease domestic production. Domestic factories would close and jobs will be lost. But not everything should be necessarily bad, since the price of sneakers could lower. It doesn't mean that they will decrease by 48% or anything close to it.
Actual production costs represent only a small percentage of the sales price of most major sneaker manufacturers, e.g. Nike's shoes only cost a couple of dollars to make in Asia and they are sold at much higher prices. The tariffs are paid according to import values which are very low, so any decrease in price would be of only a few dollars (if any at all).
That is probably the reason why that tariff still remains in place, because the potential harms are larger than the potential benefits.
Answer the question on the basis of the given consolidated balance sheet of the commercial banking system. Assume that the reserve requirement is 20 percent. All figures are in billions.
Assets Liabilities & Net Worth
Reserves $200 Checkable Deposits $1,000
Securities 300 Stock Shares 400
Loans 500
Property 400
If the Fed increased the reserve requirement from 20 percent to 25 percent, a deficiency of reserves in the commercial banking system of _____ would occur and the monetary multiplier would fall to ____.
a. $50 billion; 5
b. $10 billion; 4
c. $50 billion; 4
d. $10 billion; 8
Answer:
If the Fed increased the reserve requirement from 20 percent to 25 percent, a deficiency of reserves in the commercial banking system of $50 billion would occur and the monetary multiplier would fall to 4. The right answer is c
Explanation:
In order to calculate the deficiency of reserves in the commercial banking system we would have to make the following calculation:
deficiency of reserves in the commercial banking system=New Reserves- Reserves
Reserves=Checkable Deposits*reserve requirement
Reserves=$1,000*20%
Reserves=$200 billion
New Reserves=Checkable Deposits*reserve requirement increase
New Reserves=$1,000*25%
New Reserves=$250 billion
Therefore, deficiency of reserves in the commercial banking system=$250 billion-$200 billion
deficiency of reserves in the commercial banking system= $50 billion
To calculate the monetary multiplier we would have to make the following calculation:
monetary multiplier=1/new reserve ratio
monetary multiplier=1/0.25
monetary multiplier=4
Therefore, If the Fed increased the reserve requirement from 20 percent to 25 percent, a deficiency of reserves in the commercial banking system of $50 billion would occur and the monetary multiplier would fall to 4
Kamran Siddiqui owns a successful fitness center in an affluent suburb of Karachi, Pakistan. He just received funding and plans to open six new fitness centers in Islamabad and Lahore area over the next two years. He will need to hire a general manager and staff for each center and is concerned about making the most effective hiring choices. Kamran has turned to you for advice. Up to this point he has operated only the one center. His questions to you are: “What recruiting techniques would you suggest I use?” “How do I make smart hiring decisions?” What answers would you provide to Kamran about her questions?
Answer:
?Explanation:
A Caterpillar tractor acquired on January 12 at a cost of $171,000 has an estimated useful life of 25 years. Assuming that it will have no residual value. a. Determine the depreciation for each of the first two years by the straight-line method. Round your answer to the nearest cent if rounding is required. Depreciation First year $ 6,840 Second year $ 6,840 b. Determine the depreciation for each of the first two years by the double-declining-balance method. Round your answer to the nearest cent if rounding is required.
Answer and Explanation:
a. The computation of depreciation for each of the first two years by the straight-line method is shown below:-
Depreciation
= (Assets cost - Salvage value) ÷ Useful life
= ($171,000 - 0) ÷ 25
= $6,840
For First year = $6,840
For Second year = $6,840
It would be the same for the remaining useful life
b. The computation of depreciation for each of the first two years by the double-declining-balance method is shown below:-
First we have to determine the depreciation rate which is shown below:
= One ÷ useful life
= 1 ÷ 25
= 4%
Now the rate is double So, 8%
In year 1, the original cost is $171,000, so the depreciation is $13,680 after applying the 8% depreciation rate
And, in year 2, the ($171,000 - $13,680) × 8% = $12,585.60
3. If a balance sheet were prepared for Pala Medical Co. on June 30, 20Y1, what amount should be reported as cash?
Complete Question:
The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:
a. Checks outstanding totaled $19,427.
b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement.
c. The bank collected $26,500 on a $25,000 note, including interest of $1,500.
d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account.
e. A check drawn for $195 had been erroneously charged by the bank as $915.
f. Bank service charges for June amounted to $55.
Answer:
Pala Medical Co.
Cash amount in the balance sheet = $189,281
Explanation:
a) Calculations:
Adjusted Cash balance at June 30, 20Y1
Cash balance $166,436
c) Note received by bank 25,000
c) Interest on the note 1,500
d) Returned check (3,600)
e) Bank charges (55)
Adjusted cash balance $189,281
b) Balance as per bank statement = $195,688
a. Checks outstanding totaled ($19,427)
b. A deposit of $12,300
e. Overstated cheque 720
Adjusted bank statement balance $189,281
c) Preparing a bank reconciliation helps to identify discrepancies between the cash book balance of Pala Medical Co and the company's bank statement balance. After the necessary adjustments, the two balances always agree and the adjusted figure is taken to the balance sheet.
A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact the labor market?
Suppose a farmer is expecting that her crop of oranges will be ready for harvest and sale as 150,000150,000 pounds of orange juice in 33 months time. Suppose each orange juice futures contract is for 15,00015,000 pounds of orange juice, and the current futures price is F_0 = 118.65F 0 =118.65 cents-per-pound. Assuming that the farmer has enough cash liquidity to fund any margin calls, what is the risk-free price that she can guarantee herself. Please submit your answer in cents-per-pound rounded to two decimal places. So for example, if your answer is 123.456123.456, then you should submit an answer of 123.47123.47. 1 point
Answer:
121.30
Explanation:
The future price guarantees the holder of the contract to trade a commodity at a predetermined price at a later date. The farmer has orange crops ready for sale amounting $150,000. The number of contracts required is 150,000 / 15,000 = 10 contracts.
The spot price is 118.65 cents per pound. The risk free price is the value at which farmer has agreed to sell its crops. The risk free future price will be (1 + spot price)^-time * number of contracts / time
= (1 + 118.65)^-33 * 10 / 33
= 121.30
The table below shows the values for several different components of GDP.
Component Value (billions of dollars)
Consumer durables $1,329.0
Consumer nondurables 2,679.0
Services 8,112.3
Business fixed investment 2,850.0
Residential fixed investment 578.0
Inventories 93.3
Exports 2,352.3
Imports 2,901.5
Government purchases 3,189.3
Requried:
What is the value of total gross investment?
Answer:
$3,521.30
Explanation:
The computation of value of total gross investment is shown below:-
Total gross investment = Business fixed investment + Residential fixed investment + Inventories
= $2,850.0 + $578.0 + $93.3
= $3,521.30
Therefore for computing the total gross investment we simply applied the above formula and ignore all other values as they are not relevant.
The following are selected 2017 transactions of Sean Astin Corporation.
Sept. 1 Purchased inventory from Encrino Company on account for $50,000. Astin records purchases gross and uses a periodic inventory system.
Oct. 1 Issued a $50,000 12-month, 8% note to Encino in payment of account
Oct. 1 Borrowed $50,000 from the Shore Bank by signing a 12-month, zero-interest-bearing $54,000 note.
Instructions:
(A) Prepare journal entries for the selected transactions above
(B) Prepare adjusting entries at December 31
(C) Compute the total net liability to be reported on the December 31 balance sheet for: The interest-bearing note & the zero-interest-bearing note.
Answer and Explanation:
The Journal entries are shown below:-
A. a. Purchase Dr, $50,000
To Accounts payable $50,000
(Being purchase of inventory is recorded)
b.Accounts payable Dr, $50,000
To Notes payable $50,000
(Being issuance of notes is recorded)
c.Cash Dr, $50,000
Discount on notes payable Dr, $4,000
To Notes payable $54,000
(Being amount borrowed from bank and issued notes is recorded)
B. a. Interest expenses Dr, $1,000 ($50,000 × 8% × 3 ÷ 12)
To Interest payable $1,000
(Being interest expenses is recorded)
b. Interest expenses Dr, $1,000 ($4,000 × 3 ÷ 12)
To Discount on notes payable $1,000
(Being interest expenses is recorded)
C. The Computation of interest-bearing note and the zero-interest-bearing note is shown below:-
Interest-bearing note = Note payable + Interest payable
= $50,000 + $1,000
= $51,000
Zero-interest-bearing note = Note payable - Discount
= $54,000 - ($4,000 - $1,000)
= $54,000 - $3,000
= $51,000
A. The journal entries is the 1st stage of the accounting process, it records the business transactions of monetary nature in a the order of its occurrence.
B. The adjusting entries are the type of journal entries prepared at the end of the financial period to record the amount of expenses and incomes not incurred in the current period.
C. Total net liabilities is $102,000.
Computation:
The journal entries of A and B are shown in the image attached below.
C.
[tex]\begin{aligned}\text{Interest Bearing Note}&=\text{Notes Payable+Interest Payable}\\&=\$50,000+\$1,000\\&=\$51,000\end{aligned}[/tex]
[tex]\begin{aligned}\text{Zero-Interest Bearing Note}&=\text{Notes Payable-Discount}\\&=\$54,000-(\$4,000-\$1,000)\\&=\$51,000\end{aligned}[/tex]
The sum of interest bearing note and zero interest bearing note will be the total amount of net liabilities.
To know more about journal entries, refer to the link:
https://brainly.com/question/17439126
company earnings per share market value per share 1 $ 12.00 $ 176.40 2 10.00 96.00 3 7.50 93.75 4 50.00 250.00 a. compute the price-earnings ratio for each of these four separate companies. b. for which of these four companies does the market have the lowest expectation of future performance
Answer:
a) compute the price-earnings ratio for each of these four separate companies.
To find the price-earnings ratio fir each company, use the formula:
P.E ratio = Market value per share/ Earnings per share
Company 1:
Price-earnings ratio = [tex] \frac{176.40} {12.00} = 14.70 [/tex]
Company 2:
Price-earnings ratio = [tex] \frac{96.00}{10.00} = 9.6 [/tex]
Company 3:
Price-earnings ratio = [tex] \frac{93.75}{7.50} = 12.50[/tex]
Company 4:
Price-earnings ratio = [tex] \frac{250.00}{50.00} = 5.0 [/tex]
b) The market will have the lowest expectation of future performance from company 4 because
the price-earnings ratio of company 4 is the lowest.
Ambrin Corp. expects to receive $2,000 at the end of each year for 10 years. Then the corporation expects to receive $3,500 per year for the following 10 years, at the end of each year. What is the approximate present value of this 20-year cash flow
Answer:
The approximate present value = $24294
Explanation:
Given the annuity or expected amount for 10 years = 2000 dollars
The corporation expects the amount for next 10 years = $3500
Discount rate or interest rate = 8%
Present value = (2000 × PVIFA at 8%, 10 YEARS) + (3500 × PVIFA at 8%, 10 YEARS × PVIFat 8%, 10 YEARS)
Present rate = (2000 × 6.710) + (3500 × 6.710 X 0.463)
= $24293.6 or $24294 (round off)
It takes Carlson Corp. 30 days on average to collect its accounts receivable. The company began the year with $10,500 in accounts receivable. Sales on credit for the year amounted to $150,000.
Required:
Assuming 360 days in a year, determine the amount of Carlson's accounts receivable at the end of the year.
Answer:
$14,500
Explanation:
For the computation of the amount of Carlson's accounts receivable at the end of the year first we need to follow some steps which is shown below:-
Days sales collected = Total number of days in a year ÷ Account receivable turnover ratio
30 days = 360 days ÷ Account receivable turnover ratio
Account receivable turnover ratio = 12 times
Now as we know that
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
12 = $150,000 ÷ Average accounts receivable
Average accounts receivable = $12,500
And, the Average accounts receivable would be
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
$12,500 = ($10,500 + Accounts receivable, end of year) ÷ 2
So, Accounts receivable, end of year = $14,500
The American Recovery and Reinvestment Act, signed by President Barack Obama in 2009, aimed at: closing an expansionary gap through a contractionary fiscal policy. stimulating the aggregate demand in the economy. providing higher unemployment benefits to the residents of the economy. removing the supply bottlenecks in the economy. ensuring free trade flows across the world.
Answer: Stimulating the aggregate demand in the economy.
Explanation:
The American Recovery and Reinvestment Act was a Recovery act enacted by the Federal Government to help the United States come out of what became known as the Great Recession of 2008. It's purpose was to increase the Aggregate Demand in the Economy by preserving people's Jobs and creating new ones as well as investing in infrastructure and energy. It also gave out temporary relief to the unemployed.
This fresh injection of money into the Economy helped boost Aggregate Demand.