Answer:
$5,063.95
Explanation:
Missing word "Assume he has just made the fourth payment."
Borrowed Amount = $10,000
Interest rate (Compounded annually) = 8%
Number of Payments = 10
Calculating Monthly Payment using the MS-Excel PMT Function
Annual Payment = PMT(Rate, Nper, -PV)
Annual Payment = PMT(8%, 10, 10000)
Annual Payment = $1,490.30
Calculating Present Value of 4 payments using the MS-Excel PV Function
Present Value = PV(Rate, Nper, -PMT)
Present Value = PV(8%, 10, -1,490.30)
Present Value = $4,936.05
So, the remaining balance of borrowed amount he should pay is $5,063.95 ($10,000 - $4,936.05).
Quail Company's suppliers offer terms of 2/10, net 35. Using a 360-day year, what is the approximate cost of foregoing the discounts
Answer:
0.29
Explanation:
The computation of the approximate cost of foregoing the discounts is shown below:
Here we assume the balance to be $100
Now 2/10, net 35 means that if the person paid the amount within 10 days so he or she is eligible for the payment
So,
= $100 × (100 - 0.02)
= $98
The $98 should be paid in 10 days
or $100 for 35 days
So overall the $2 for borrowing and $98 for 25 days i.e. (35 - 10)
Now the annual percentage is
= $2 ÷ $98 × 360 days ÷ 25 days
= 0.29
ou are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is - 3,
while group 2’s is - 5. Your marginal cost of producing the product is $40.
a. Determine your optimal markups and prices under third-degree price
discrimination.
b. Identify the conditions under which third-degree price discrimination
enhances profits
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On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On March 31, 2013, Pennington prepared its 10-Q and marked the securities down to their market value of $85,000. On April 4, 2013, Pennington sold the securities for $93,000 cash. Which of the following items would be increased by the sale of the marketable securities?
a. Cash from Financing Activities
b. Net Income
c. Marketable Securities
d. Accumulated Other Comprehensive Income
e. Cash from Investing Activities
Answer:
b. Net Income
e. Cash from Investing Activities
Explanation:
Calculation to determine Which of the following items would be increased by the sale of the marketable securities
Using this formula
Gain from investment = Selling price of the security - Value of the security
Let plug in the formula
Gain from investment= $93,000 - $85,000
Gain from investment= $8,000
Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.
Therefore the items that would be increased by the sale of the marketable securities are :
b. Net Income
e. Cash from Investing Activities
Megan Corp. recognizes revenue over time to account for long-term contracts. At the date the contract is signed, the price is $600,000 and the expected costs to complete the contract are $400,000. The following information is available:
Year 1 Year 2 Year 3 Costs incurred to date $200,000 $350,000 $500,000 Estimated costs to complete 200,000 150,000 0 Progress billings 200,000 200,000 200.000
What is the amount of gross profit or loss that is recognized in year 2?
a. $30,000 loss
b. $40,000 gross profit
c. $150,000 loss
d. $200,000 gross profit
Answer:
a. $30,000 loss
Explanation:
Calculation to determine What is the amount of gross profit or loss that is recognized in year 2
First step is to calculate the Year 1 Cost to cost ratio using this formula
Year 1 Cost to cost ratio = 200,000 / ( Costs incurred + Cost to complete)
Let plug in the formula
Year 1 Cost to cost ratio= 200,000 / (200,000 + 200,000)
Year 1 Cost to cost ratio= 50%
Second step is to calculate the Gross profit or loss using this formula
Gross profit/Loss = 50% * ( Price - estimated cost to complete)
Let plug in the formula
Gross profit/Loss= 50% ( 600,000 - 400,000)
Gross profit/Loss= $100,000
Third step is to calculate the Year 2 Cost to cost ratio
Using this formula
Year 2 Cost to cost ratio = 350,000 / ( Costs incurred + Cost to complete)
Let plug in the formula
Year 2 Cost to cost ratio = 350,000 / (350,000 + 150,000)
Year 2 Cost to cost ratio = 350,000 / 500,000
Year 2 Cost to cost ratio = 70%
Now let calculate the gross profit or loss using this formula
Gross profit = 70% * ( Price - estimated cost to complete) - Previous Gross
Let plug in the formula
Gross profit= 70% ( 500,000 - 400,000) - 100,000
Gross profit= -$30,000
Gross Loss of $30,000 in Year 2
EUR Spot Price $1.3579 $1.3527 $1.3588 $1.3580 July EUR Futures Contract Price $1.3750 $1.3782 $1.3827 $1.3713 The profit / loss posted to your account at the close of 3/02 is:.
Answer:
$2,850
Explanation:
The EUR spot price is $1.3579 whereas July futures contract have price of $1.3750. The contract size is EUR 125,000. The profit/ loss reported will be $2,850 based on the July futures contract price. On 3/03 the broker will get a margin call from the exchange.
Which regulation helps ensure that employees get pensions and other welfare benefit plans from their employers?
A.
Occupational Safety and Health Act
B.
Workers’ Compensation Program
C.
Fair Labor Standards Act
D.
Employee Benefit Security
D. Employee Benefit Security.
Prior to the 1990’s, De Beers diamonds maintained a near monopoly on diamond mining and diamond retail, __________ was high because they controlled supply and demand and controlled prices.
A. the threat of potential new entrants
B. the threat of substitutes
C. the bargaining power of buyers
D. the bargaining power of suppliers
E. rivalry among competitors
Stocks have a 15% expected return and 25% risk bonds have a 8% expected return and 9% risk the expected return of ________.A portfolio comprised of 75% stocks and 25% bonds is _______
Answer: 13.25%
Explanation:
The expected portfolio return can be calculated as follows:
= (Expected return of stocks * Weight of stocks) + (Expected return of bonds * Weight of bonds)
= (15% * 75%) + (8% * 25%)
= 11.25% + 2%
= 13.25%
C programming language is developed and designed by
Answer:
C programming language is developed Dennis M. Ritchie in 1970s.
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300. Total stockholders' equity was $6,000. The debt-to-equity ratio is
Answer:
1.47
Explanation:
Debt to equity ratio = Debt / Equity
Debt to equity ratio = (Current liabilities + Bonds payable + Lease obligations + Deferred income taxes) / Total stockholder's equity
Debt to equity ratio = ($5,000 + $1,500 + $2,000 + $300) / $6,000
Debt to equity ratio = $8,800 / $6,000
Debt to equity ratio = 1.47
How has globalization made countries more independent
Answer:
Countries rely on each other for new industries. Countries rely on each other for chances to import. Countries rely on each other for an employment base. Countries rely on each other for cheaper products. Countries rely on each other for chances to export. Countries now rely on one another for vital resources.
A company bought machinery on January 1, 2016, for $200,000. On January 1, 2018, the machinery had a book value of $100,000. It is estimated that the machine will generate future cash flows of $70,000 and its current fair value is $60,000. How much impairment loss should be recorded
Answer:
The impairment loss that should be recorded is:
= $40,000.
Explanation:
a) Data and Calculations:
Cost of machinery on January 1, 2016 = $200,000
Book value of machinery on January 1, 2018 = $100,000
Estimated future cash flows from the machinery = $70,000
Estimated fair value of the machinery = $60,000
Impairment loss to be recorded = Book value Minus Fair Market Value
= $40,000 ($100,000 - $60,000)
b) The impairment loss is calculated as the difference between the asset's carrying cost of $100,000 and the lower market value of $60,000 instead of $70,000.
When a perfectly competitive firm decides to shut down, Group of answer choices marginal cost is above average variable cost.
Answer:
price is below average variable cost
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
firms should shutdown when price is less than average variable cost and exit when price is less than average total cost
An analyst is creating a map illustrating zoning restrictions in Louisiana. The analyst has added zoning and street content to the map. What is the next step to create the map
Answer:
Find and add this content to the map and then publish the map.
Explanation:
The term 'zoning' refers to the municipal laws or the local laws and the regulations which governs the usage of the real estate properties in a certain geographic area. It means this laws tells us how the properties can be used in an area.
It prevents the construction of any commercial or industrial buildings in any residential area.
In the context, n analyst is making a map of Louisiana that illustrates the zoning restrictions in the state. The analyst had already added the zoning content as well as the street content to the map. After this, he can finally publish the map following the proper guidelines of the state.
The spot and 30-day forward rates ($/SF) for the Swiss franc are $.3075 (1.0695) and $.3120(1.0885), respectively. The franc is said to be selling at a forward: a. Premium of 16.88%. b. Premium of 17.56%. c. Discount of 6.39%. d. Discount of 15.10%. e. Discount of 17.31
Answer:
b. Premium of 17.56%.
Explanation:
The computation is shown below:
Given that
Spot price = $0.3075
Forward rate = $0.3120
Now
Forward premium or discount is
= [(Forward rate - Spot rate) ÷ Spot rate] × (12 ÷ months) × 100
= [0.3120-0.3075) ÷ 0.3075 ] × (12 ÷ 1) × 100
= (.0045 ÷ 0.3075) × 12 ÷ 1 × 100
= 17.556 %
= 17.56 %
Hence, the Option B Premium of 17.56% is correct
The last stage of the strategy-formulating, strategy-executing process is Multiple choice question. implementing and executing the strategy. making corrective adjustments. crafting a strategy. setting objectives.
Answer: making corrective adjustments.
Explanation:
The strategy-formulating, strategy-executing process allows for companies to come up with strategies and then implement them. The first step would be to actually think about a strategic vision and then set objectives on how the company can go about this vision.
Then the company should craft a strategy to match these objectives. After this is done, the strategy should be implemented and executed. The final step would then be to monitor and evaluate both the internal and external environment of the company so as to make corrective adjustments to the strategy to take advantage of the situation.
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Budgeted Actual Sales $ 300 per unit $ 435,000 Variable expenses $ 120 per unit $ 172,000 Fixed expenses (total) $ 125,000 $ 122,000 Units produced and sold 1,200 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)
LEWIS Co.
Flexible budget performance report
For month ended May 31
Flexible budget Actual results Variances Result
Sales $420,000 $435,000 $15,000 Fav
(1400*$300)
Variable expense $168,000 $172,000 $4,000 Unfav
(1400*$120)
Contr. margin $252,000 $263,000 $11,000 Fav
Fixed cost $125,000 $122,000 $3,000 Fav
Net Income $127,000 $141,000 $14,000 Fav
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For a project being considered by a city, the following cost data is available. (a) Determine both the modified and conventional B/C ratios and offer a recommendation, and (b) if you are concerned because the data is not capturing the effects of Estimated annual disbenefits, how large would these have to be in order for you to change your recommendation (if at all) using the conventional B/C ratio
The question is incomplete. The complete question is :
For a project being considered by a city, the following cost data is available. (a) Determine both the modified and conventional B/C ratios and offer a recommendation, and (b) if you are concerned because the data is not capturing the effects of Estimated annual disbenefits, how large would these have to be in order for you to change your recommendation (if at all) using the conventional B/C ratio?
Initial cost = $10,000,000
O & M cost / year = $450,000
Estimated annual benefits = $850,000
Life = 25 Years
Salvage value = $1 million
MARR = 6%
Solution :
Given :
Initial cost = $10,000,000
Salvage, S = $1,000,000
O and M Cost/year = AOM = $450,000
Benefit per year, AWB = $ 850,000
Equivalent initial cost per year = C
Equivalent salvage per year = S x (A/F, 0.06, 25) = 1,000,000 x (A/F, 0.06, 25)
Let us calculate the interest factors,
[tex]$(A/P,i,n)=\frac{i}{1-\frac{1}{(1+i)^n}}$[/tex]
[tex]$(A/P,0.06,25)=\frac{0.06}{1-\frac{1}{(1+0.06)^{25}}}=0.078226718$[/tex]
[tex]$(A/P,i,n)= \frac{i}{(1+i)^n-1}[/tex]
[tex]$(A/P,0.06, 25)= \frac{0.06}{(1+0.06)^{25}-1} = 0.018226718[/tex]
The equivalent initial cost per year = AWC = 10000000 x 0.078226718 = $ 782267.18
Equivalent salvage per year, AWS = 1,000,000 x 0.018226718 = $ 18226.72
Conventional B-C ratio = AWB/(AWC-AWS+AOM)
= 850000/(782267.18-18226.72+450000)
= 0.7001
Modified B-C ratio = (AWB-AOM)/(AWC-AWS)
= (850000-450000)/(782267.18-18226.72)
= 0.5235
In this case. both the conventional B-C ratio and modified B-C ratio are less than 1, the project is not acceptable.
Swifty Football Co. had a player contract with Watts that is recorded in its books at $8340000 on July 1, 2020. Blossom Football Co. had a player contract with Kurtz that is recorded in its books at $10700000 on July 1, 2020. On this date, Swifty traded Watts to Blossom for Kurtz and paid a cash difference of $1070000. The fair value of the Kurtz contract was $12600000 on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Swifty's books at:_______.
Answer:
"$9,410,000" is the appropriate answer.
Explanation:
Given that,
Fair value,
= $12600000
Cash difference,
= $1070000
Books value before transaction,
= $8340000
Now,
The deferred gain will be:
= [tex](Fair \ value-Cash \ difference)-Books \ value \ before \ transaction[/tex]
= [tex](12600000 -1070000)-8340000[/tex]
= [tex]11530000 -8340000[/tex]
= [tex]3,190,000[/tex] ($)
hence,
The Kurtz contact value will be:
= Fair value - Deferred gain
= [tex]12600000-3190000[/tex]
= [tex]9,410,000[/tex] ($)
When technology is progressing rapidly, firms are more likely to Group of answer choices commit themselves to fixed assets. focus on developing the necessary skills in-house. use linkages with other specialized firms to access resources they do not possess. focus on broadening their capabilities.
Answer: use linkages with other specialized firms to access resources they do not possess.
Explanation:
When technology progresses, firms can benefit by having access to better processes that they may not have by reaching out to other firms that are able to produce those resources.
They will then use the acquired resources to become even more efficient in their own production and produce resources that other companies will then seek which would have the effect of moving the entire economy forward.
Nathan, George, and Bill have formed a partnership and the partnership agreement states that Nathan will receive 40% of the profits and George and Bill will share the remainder equally. During the current year, the partnership earns $120,000. What is the closing entry to record the allocation of partnership income
Answer:
Profits will be distributed in the following way:
Nathan will receive $120,000 x 40% = $48,000
George will receive $120,000 x 30% = $36,000
Bill receive $120,000 x 30% = $36,000
Total = $120,000
Journal entry
Dr Income summary 120,000
Cr Capital, Nathan 48,000
Cr Capital, George 36,000
Cr Capital, Bill 36,000
Which of the following is not part of the definition of culture as it is described in the text?
Answer:
The major elements of culture are symbols, language, norms, values, and artifacts.
Language makes effective social interaction possible and influences how people conceive of concepts and objects.
Explanation:
thank me later
Dawn's bridal boutique is having a sale on evening dresses. The increase in consumer surplus comes from the benefit of the lower prices to a. both existing customers who now get lower prices on the gowns they were already planning to purchase and new customers who enter the market because of the lower prices. b. only new customers who enter the market because of the lower prices. c. only existing customers who now get lower prices on the gowns they were already planning to purchase. d. Consumer surplus does not increase; it decreases.
Answer:
The answer is "Option a".
Explanation:
Dawn's bridal shop does have an evening gowns sale. The rise in consumer surplus is attributable to the fact that both existing customers now also have cheaper prices on the robes which previously planned to buy, as well as the new customers who enter the market due to lower prices even as advantages are identical but the prices are cheaper on the same robe. The current product and existing consumers are able t benefit from market sales, thereby increasing the excess of the new and current consumers.
Mariott Condominium, located near San Diego, California, plans to renovate its main building. The project will begin April 1, and the goal is to complete by August 1 (in 17 weeks). The condominium manager identifed the renovation activities and their estimated time below.
a) Draw a project network. You may want to draw on paper then do it here by connecting the given nodes with arcs (i.e, arrows). You might not use all of the given arcs.
b) What are the critical activities?
c) What activity has the most slack time?
d) Will the project be completed by August 1?
Answer:
7
Explanation:
because
Ripka Company has 20,000 units in inventory that had a production cost of $4 per unit. These units cannot be sold through normal channels due to a significant technology change. These units could be reworked at a total cost of $30,000 and sold for $35,000. Another alternative is to sell the units to a junk dealer for $10,500. The relevant cost for Ripka to consider in making its decision is Select one: a. $110,000 for reworking the units b. $30,000 for reworking the units c. $80,000 of original product costs d. $35,000 for selling the units to the junk dealer
Answer:
Ripka Company
The relevant cost for Ripka to consider in making its decision is:
b. $30,000 for reworking the units
Explanation:
a) Data and Calculations:
Inventory = 20,000 units
Production cost already incurred = $4 per unit
Total production cost = $80,000 (20,000 * $4)
Total Cost of Reworking the units = $30,000
Sales revenue after rework = $35,000
Alternative sales revenue without reworking = $10,500
b) Relevant cost is the avoidable cost. The cost that can be avoided in this instance is the cost of reworking the units, amounting to $30,000.
Turk Manufacturing uses the net present value method to make the decision, and it requires a 15% annual return on its investments. The present value factors of 1 at 15% are: 1 year, 0.8696; 2 years, 0.7561; 3 years, 0.6575. Which machine should Turk purchase
Answer:
E) Only Machine B is acceptable
Explanation:
The computation is shown below;
For Machine A
Year Cash Flow PV Factor PV of Cash Flow
0 -$9,000 1 -$9,000
1 $5,000 0.8696 $4,348
2 $4,000 0.761 $3,044
3 $2,000 0.6575 $1,315
NPV -$293
Machine B
Year Cash Flow PV Factor PV of Cash Flow
0 -$9000 1 -$9,000
1 $1,000 0.8696 $869.6
2 $2,000 0.761 $1,522
3 $11,000 0.6575 $7,232.5
NPV $624.1
As we can see that from the above calculations that the npv for machine A is in negative so the same should not be accepted but for machine the npv is in positive so the same should be accepted
Fleet Sports purchased a production machine with a cost of $180,000 at the beginning of 2019. Transportation costs to get the machine ready were $5,000. An additional $15,000 of labor costs were incurred to assemble the machine. The equipment has an estimated life of 10 years or 100,000 snowboards (units of product). The estimated residual value is $20,000. During 2019, 17,000 snowboards (units of product) were produced with this machinery.
Required:
a. What is the depreciation expense per unit of production using the units-of-production depreciation?
b. What is the total depreciation expense at December 31, 2019, using units-of-production depreciation?
c. What journal entry is needed at the end of 2019 to record depreciation expense using straight-line depreciation?
d. What is the book value of the equipment at the end of 2020 using straight-line depreciation?
Explanation:
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Answer:
to the end of the sixth year;
b/ The number of years required before the capital stock exceeds $200 000.
Prom Dresses: We are going to make 2 new styles of prom dresses for the new prom season: the sleeveless chiffon and the 2-piece taffeta. The chiffon dress requires 2 hours of sewing, and 2 hours of alterations. The taffeta dress requires 2 hours of sewing and 1 hour of alterations. There are no more than 24 hours available for sewing and no more than 20 hours available for alterations. The price of the chiffon dress is $375, and the price of the taffeta dress is $350. How many of each dress should be made to produce maximum income
Answer and Explanation:
a. The variable could be defined in the following way
Let us assume the number of chiffon dress be x
And, the number of tafetta dress be y
b. The objective function is to increased the income
So,
Maximize z = 375x + 350y
c. The constraints is
2x + 2y≤24 (sewing hours)
2x + y ≤20 (alterations hours)
x,y≥0 (non-negativity)
The same should be considered
The Tuck Shop began the current month with inventory costing $10,000, then purchased inventory at a cost of $35,000. The perpetual inventory system indicates that inventory costing $30,000 was sold during the month for $40,000. If an inventory count shows that inventory costing $14,500 is actually on hand at month-end, what amount of shrinkage occurred during the month
Answer:
$500 shrinkage
Explanation:
Calculation to determine the amount of shrinkage occurred during the month
Using this formula
Shrinkage=Ending inventory-Actual count
Let plug in the formula
Ending inventory=$10,000 + $35,000 - $30,000 Ending inventory= $15,000
Shrinkage=$15,000 - $14,500
Shrinkage= $500
Therefore the amount of shrinkage occurred during the month is $500
What is the reason AD is downward sloping ? what causes AD to shift? Define OKun's law
subject Macroeconomics, please please help...
Answer:
Increased spending power.
Explanation:
At a lower price level, consumers are likely to have higher disposable income and therefore spend more.