Ginger's decision to declare bankruptcy has led to a situation where Jackie, her trustee, has prevented a transfer to Thrifty co, a creditor, on the grounds that it gave Thrifty co an undue advantage over other creditors. This type of transfer, which can be stopped by the trustee, is known as a voidable transfer.
There are several types of voidable transfers, including those that give the debtor an undue advantage over other creditors. The trustee has the authority to stop these transfers in order to ensure that all creditors are treated fairly. The trustee can also take legal action against the debtor in order to recover assets that were transferred in violation of bankruptcy laws. There are several reasons why a transfer may be deemed voidable.
One reason is if the transfer occurred within a certain time frame before the debtor filed for bankruptcy. This is known as the "look-back period." Another reason is if the transfer was made to an insider, such as a family member or business associate. This is because insiders are more likely to have knowledge of the debtor's financial situation and may be able to take advantage of it.
Overall, the purpose of voidable transfers is to prevent debtors from transferring assets in order to avoid paying creditors. By giving the trustee the power to stop these transfers, bankruptcy laws ensure that all creditors are treated fairly and that the debtor's assets are distributed in a manner that is fair and equitable.
To know more about stopped visit:
https://brainly.com/question/31664476
#SPJ11
QUESTION 14
A bond portfolio that is structured to invest in short-term, mid-term and long-term bonds is a(n): barbell strategy
o laddered strategy
o interest rate strategy
o matching strategy
QUESTION 15
The duration of a 30 year bond is likely to be close to 30 years (meaning the duration and maturity are approximately the same), for a coupon paying bond. (thnk about the time value of money).
o True
o False
A bond portfolio that is structured to invest in short-term, mid-term, and long-term bonds is a laddered strategy.Laddered strategy is a way of constructing an investment portfolio that includes bonds or other debt securities.
This strategy is often used by investors who want to balance the risks and returns of bonds with varying maturities. Laddering enables the investors to achieve consistent cash flow by having their bonds mature at regular intervals.This provides investors with a steady stream of income and offers flexibility and liquidity.
Answer 15: False The duration of a 30-year bond may not be close to 30 years, even though the bond has a 30-year maturity and pays a fixed coupon. This is due to the time value of money, which causes future cash flows to have different values at different points in time.
Duration is a measure of the bond's sensitivity to changes in interest rates and is expressed in years. It measures the average time that it will take for the bond's cash flows to be received, weighted by their present values. Since bonds have a fixed coupon, their prices are inversely related to interest rates. The longer the bond's duration, the more sensitive it will be to changes in interest rates. Therefore, the duration of a 30-year bond is likely to be less than 30 years if interest rates are expected to change over the life of the bond.
To know more about values visit:
https://brainly.com/question/30145972
#SPJ11
Hydroxide Company has two divisions, the Blending Division and Canning Division. The Blending Division sells chemicals to the Canning Division. Standard costs for the Blending Division are as follows: Direct materials $3.00 per gallon Direct labor 2.40 per gallon The Canning Division uses the following predetermined overhead rate: Variable overhead $3.60 per gallon Fixed overhead 2.40 per gallon Total $6.00 per gallon What is the transfer price for the chemicals per gallon based on standard variable cost?
The transfer price for the chemicals per gallon based on standard variable cost is $9.00.
By adding the standard costs of the Blending Division and the predetermined variable overhead rate of the Canning Division, it is possible to establish the transfer price for the chemicals per gallon based on standard variable costs.
Direct materials costs and direct labor costs, which come to $3.00 + $2.40 = $5.40 per gallon for the Blending Division, make up the normal variable cost.
The predefined variable overhead rate for the Canning Division is listed as $3.60 per gallon.
The standard variable cost of the Blending Division and the predetermined variable overhead rate of the Canning Division are added to arrive at the transfer price, which is $5.40 + $3.60 = $9.00 per gallon.
As a result, $9.00 per gallon is the transfer price for the chemicals based on standard variable cost.
Learn more about Blending Division and Canning Division here:
https://brainly.com/question/33038361
#SPJ11
Briefly explain the issue short-sellers had with GameStop (GME).
What happened to GameStop stock, and why the stock continues to
trade for more than its intrinsic value?
The issue short-sellers had with GameStop (GME) is that they bet against the stock and hoped to make a profit when the stock price went down.
A group of Reddit users on the subreddit WallStreetBets discovered that GameStop had a high amount of short interest, meaning many investors had bet against the company. They saw an opportunity to buy the stock and drive up the price, known as a short squeeze.
The short squeeze caused the stock price to skyrocket from around $20 per share to over $400 per share in just a few weeks. This increase in price was not due to any fundamental changes in the company's performance, but rather the result of a speculative buying frenzy driven by online communities like WallStreet Bets.
To know more about against visit:
https://brainly.com/question/17049643
#SPJ11
answer the following questions
A) What are the two types of consumer spending as identified by Keynes, and what are the determinants of each?
B) What are the differences between classical theory and what Keynes believed?
A) According to Keynes, there are two types of consumer spending that have different determinants. These two types of spending are:
1. Autonomous Consumption: This type of consumption occurs when individuals or households spend money on basic needs such as food, clothing, and housing. This type of spending is independent of income levels and is necessary for survival. The determinants of autonomous consumption are the price of goods, the level of unemployment, and the level of wealth.
2. Induced Consumption: This type of consumption is dependent on disposable income levels. Induced consumption occurs when individuals or households have disposable income that they spend on discretionary items such as entertainment, vacations, and luxury goods. The determinants of induced consumption are disposable income, the interest rate, and the level of consumer confidence.
3. Fiscal policy: Classical theory suggests that fiscal policy (government spending and taxation) should be used to balance the budget. Keynesian theory suggests that fiscal policy can be used to stimulate demand and maintain full employment.
To know more about consumer visit:
https://brainly.com/question/27773546
SPJ111
Mr. Madoff purchased an antique sold on eBay for 70% of Ebay asking price , he then sold it for 20% above it's true market value to make a profit of $800.
Ebay's price was 80% of the market value. find Ebay's original asking price?
Mr. Madoff purchased an antique sold on eBay for 70% of Embay asking price, and he sold it for 20% above its actual market value to make a profit of $800. eBay's price was 80% of the market value.
Step 1: Let us assume that the market value of the antique is $100.
Step 2: Mr. Madoff purchased the antique at a cost of 70% of the initial asking price of Embay, or $0.70x.
Step 3: Mr. Madoff sold the antique for 20% above its actual market value of $100, or $1.20(100) = $120.
Hence, he made a profit of $120 - $100 = $20. We know that this profit equals $800, so we can set up an equation to solve for x: $20 = 0.2x $800 = 40x x = 50
Step 4: If Mr. Madoff bought the antique for $0.70x, he paid $0.70(50) = $35.
Hence, the antique's market value on eBay was $35 / 0.80 = $43.75. Thus, Ebay's original asking price was $43.75. To sum up, Mr. Madoff purchased an antique sold on eBay for 70% of Ebay asking price. He then sold it for 20% above its true market value to make a profit of $800. eBay's price was 80% of the market value.
To Know more about profit equals
https://brainly.com/question/30237887
#SPJ11
REASONS OF ITS OCCURANCE LAW ENFORCEMENT AFTER THE INCIDENT Convicted: K-G Spray-Pak Inc., 8001 Keele Street, Vaughan, Ontario, a manufacturer of aerosol products. Location: K-G Spray-Pak's plant located at 8001 Keele Street, Vaughan, Ontario. Description of Offence: A worker was injured after being struck by a moving lift truck being operated in reverse. Date of Offence: May 24, 2018 Date of Conviction: June 21, 2019.
K-G Spray-Pak Inc. was convicted after a worker was injured by a reversing lift truck at their facility.
Following an event that happened on May 24, 2018, K-G Spray-Pak Inc., an aerosol product manufacturer with headquarters in Vaughan, Ontario, was found guilty on June 21, 2019. At the K-G Spray-Pak facility on 8001 Keele Street, a lift truck traveling in reverse struck and wounded a worker, committing the offense. The fact that the corporation was convicted suggests that it was determined to be at fault for the tragedy, most likely as a result of a failure to follow the right safety procedures or training guidelines. Such occurrences highlight how crucial it is for law enforcement to hold businesses responsible for maintaining workplace safety and preventing mishaps that could endanger employees.
Learn more about product manufacturer here:
https://brainly.com/question/28592154
#SPJ11
You own a put option on Ford stock with a strike price of $12. The option will expire in exactly six months. a. If the stock is trading at $8 in six months, what will be the payoff of the put? b. If the stock is trading at $27 in six months, what will be the payoff of the put? c. Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration. a. If the stock is trading at $8 in six months, what will be the payoff of the put? If the stock is trading at $8 in six months, the payoff of the put is $ (Round to the nearest dollar.) b. If the stock is trading at $27 in six months, what will be the payoff of the put? If the stock is trading at $27 in six months, the payoff of the put is $ (Round to the nearest dollar.) c. Draw a payoff diagram showing the value of the put at expiration as a function of the stock price at expiration. Which of the graphs below best represents the payoff diagram showing the value of the put? (Select the best choice below.)
The payoff of the put when the stock is trading at $8 in six months is $4. That is calculated as follows: Payoff of the put option = Max(Strike price - Stock price, 0).
Stock price = $8Strike price = $12Payoff of the put option = Max(12-8, 0) = Max(4, 0) = $4b) When the stock is trading at $27 in six months, the payoff of the put option will be $0. That is calculated as follows: Payoff of the put option = Max(Strike price - Stock price, 0)Stock price = $27Strike price = $12Payoff of the put option = Max(12-27, 0) = Max(-15, 0) = $0c).
The payoff diagram showing the value of the put at expiration as a function of the stock price at expiration can be represented as shown below: The option has a strike price of $12 and is a put option, therefore, the payoff diagram starts at $0 when the stock price is above the strike price ($12).
To know more about months visit:
https://brainly.com/question/14122368
#SPJ11
1.Companies typically employ two common production strategies: Make-to-stock and make-to-order. Which of the following best describes the make-to-stock production strategy.
Question 1 options:
It is the production strategy where companies manufacture individual units such as bicycles.
The production process is triggered by the need to fill a specific order.
The production process is triggered by a need to increase inventory. When inventory falls below certain levels production is initiated even if there is no pending order.
It is the the production of materials that are not manufactured in individual units.
2.Put the following Production Process steps in the correct order:
Question 9 options:
a
Goods are issued to the production order so material needed to produce products are issued from storage.
b
The organization creates a planned order which is a formal request for production that indicates what material are needed and how many units and when.
c
Production is confirmed in system.
d
Request for production is authorized by the production supervisor resulting in a production order which is an actual commitment to produce a specific quantity of material by a certain date.
e
Finished goods are moved into storage through a goods receipt.
f
Release production order to allow subsequent steps such as issuing material to shop floor and printing shop papers needed to execute steps in work centers.
g
The organization receives an order from a customer and there is no inventory of that product on hand.
h
The production order is set to TECO status indicating no further execution of the production process is possible. After a production has been completed and settled status is set to CLSD.
i
The goods are manufactured.
Make-to-stock production strategy is the production process triggered by a need to increase inventory. When inventory falls below certain levels production is initiated even if there is no pending order.
Most companies employ two common production strategies, make-to-stock and make-to-order production strategy. The make-to-stock strategy produces goods and products in advance to meet the expected demands of the market.
It is the production strategy where companies manufacture goods in anticipation of customer demand or forecasted demand.
Goods are produced and kept in stock, ready to be sold when the demand arises.
On the other hand, the Make-to-order strategy produces goods only when there is a confirmed order from the customer.
It is the production strategy where companies manufacture the goods based on specific customer orders.
The company does not manufacture any units until it receives a specific order from the customer.
Know more about Make-to-stock production strategy here:
https://brainly.com/question/29035942
#SPJ11
What is the future value in dollars to two decimal places in 10 years of a regular payment of $200 every 6 months where the first payment is in 1 years time and the last payment is in 10 years time? Assume that you can invest the coupon payments at a nominal rate of 3% with biannual compounding.
The future value in dollars, to two decimal places, of the regular payment of $200 every 6 months for 10 years, with an investment rate of 3% compounded semi-annually, is approximately $5,003.92.To calculate the future value in dollars to two decimal places, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × [(1 + r/n)^(n*t) - 1] / (r/n)
Where:
Payment = $200 (amount of each payment)
r = 3% (nominal interest rate per year)
n = 2 (number of compounding periods per year)
t = 10 (number of years)
Plugging in the values:
Future Value = $200 × [(1 + 0.03/2)^(2*10) - 1] / (0.03/2)
Evaluating this expression will give us the future value in dollars after 10 years.Calculating the expression:
Future Value = $200 × [(1 + 0.015)^(20) - 1] / 0.015
Future Value = $200 × [(1.015)^(20) - 1] / 0.015
Future Value = $200 × [1.37514203416 - 1] / 0.015
Future Value = $200 × 0.37514203416 / 0.015
Future Value ≈ $5,003.92
Therefore, the future value in dollars, to two decimal places, of the regular payment of $200 every 6 months for 10 years, with an investment rate of 3% compounded semi-annually, is approximately $5,003.92.
To learn more about future value click here: brainly.com/question/30390035
#SPJ11
The future value in dollars, to two decimal places, of the regular payment of $200 every 6 months for 10 years, with an investment rate of 3% compounded semi-annually, is approximately $5,003.92.To calculate the future value in dollars to two decimal places, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × [(1 + r/n)^(n*t) - 1] / (r/n)
Where:
Payment = $200 (amount of each payment)
r = 3% (nominal interest rate per year)
n = 2 (number of compounding periods per year)
t = 10 (number of years)
Plugging in the values:
Future Value = $200 × [(1 + 0.03/2)^(2*10) - 1] / (0.03/2)
Evaluating this expression will give us the future value in dollars after 10 years.Calculating the expression:
Future Value = $200 × [(1 + 0.015)^(20) - 1] / 0.015
Future Value = $200 × [(1.015)^(20) - 1] / 0.015
Future Value = $200 × [1.37514203416 - 1] / 0.015
Future Value = $200 × 0.37514203416 / 0.015
Future Value ≈ $5,003.92
Therefore, the future value in dollars, to two decimal places, of the regular payment of $200 every 6 months for 10 years, with an investment rate of 3% compounded semi-annually, is approximately $5,003.92.
To learn more about future value click here: brainly.com/question/30390035
#SPJ11
standardized ooh advertising uses scientifically located structures to deliver an advertiser’s message to markets around the world. a)TRUE b)FALSE
Standardized OOH advertising does not use scientifically located structures to deliver an advertiser's message to markets around the world.
b) FALSE
Standardized out-of-home (OOH) advertising refers to the practice of using consistent advertising messages and formats across different markets or regions. However, the statement that standardized OOH advertising uses scientifically located structures to deliver an advertiser's message to markets around the world is not accurate. While OOH advertising may involve strategically placing advertisements in specific locations for maximum exposure and reach, it does not necessarily rely on scientific location selection. The effectiveness of OOH advertising is often influenced by factors such as target audience demographics, traffic patterns, and local market considerations. Therefore, the statement is false.
learn more about Standardized OOH here:
https://brainly.com/question/31536130
#SPJ11
The value of statistical life in Australia is $4.2 million according to most recent estimates.
Does that mean that if you have $4.2 million to spare, you can kill someone in Australia? The law says no, but should we therefore change the law to allow this?
No, the fact that the value of statistical life in Australia is 4.2 million does not mean that if you have 4.2 million to spare, you can kill someone in Australia.
Even though the law may not necessarily hold you accountable for paying 4.2 million in compensation if you accidentally kill someone, it is never acceptable to intentionally take another person's life.To begin with, it is worth noting that the value of statistical life (V S L) is an economic concept that is used to estimate the worth of reducing the risk of premature death in a population.
It refers to the dollar value that people are willing to pay to avoid an additional risk of premature death. The V S L is used to calculate the benefits of policies that aim to reduce the risk of premature death, such as reducing pollution, improving road safety, or regulating hazardous industries.
To know more about statistical visit:
https://brainly.com/question/31538429
#SPJ11
which of the following is true regarding the utilization of the server in a stable single-server queue model?'
Multiple Choice
- Utilization is less than one
- A low service variability will lead to high utilization
- Utilization is greater than one
- A high service variability will lead to high utilization
Utilization is less than one is true regarding the utilization of the server in a stable single-server queue model. The correct answer is a - Utilization is less than one.
In a stable single-server queue model, the utilization of the server is typically less than one. Utilization represents the ratio of the average service time to the average time between arrivals.
If the utilization is greater than one, it indicates that the server is being overloaded, and the system may not be able to handle the incoming workload efficiently.
A low service variability (i.e., consistent and predictable service times) can help maintain high utilization without compromising the performance.
Conversely, a high service variability can lead to inefficiencies and lower utilization as the server may experience idle time due to variations in service times. The correct option is a).
To know more about single-server queue model:
https://brainly.com/question/31680214
#SPJ4
On January 1, 2016, Crammer Inc. issues five-year bonds with a total face amount of $1,000,000 and a stated rate of 8%. The bonds were issued at 103 on January 1, 2016. Interest is paid semiannually on June 30 and December 31. What is the balance in the Premium or Discount account after the June 30, 2016 entry? Show your calculation. What is the carrying value of the bonds after the June 30,2016 entry? Show your calculation. Give the journal entry to record the repayment of the bond at maturity on January 1, 2021, after all interest has been paid.
On January 1, 2016, Crammer Inc. issues five-year bonds with a total face amount of $1,000,000 and a stated rate of 8%. The bonds were issued at 103 on January 1, 2016. Interest is paid semiannually on June 30 and December 31.
Premium or discount account balance as on June 30, 2016
Balance in Premium or Discount account = Total bond issue price - Total bond face amount + Total bond interest
Premium or Discount account balance = (103/100) × $1,000,000 - $1,000,000 + ($1,000,000 × 8% × 6/12)
Premium or Discount account balance = $1,030,000 - $1,000,000 + $40,000
Premium or Discount account balance = $70,000
The balance in the Premium or Discount account after the June 30, 2016 entry is $70,000.
Carrying value of the bonds after the June 30,2016 entry Balance in the Bond premium or discount account is added to the face value of the bonds to get the carrying value of bonds.
Carrying value of bonds after June 30, 2016 entry = Bond face amount + Premium or Discount account balance
Carrying value of bonds = $1,000,000 + $70,000 = $1,070,000
The carrying value of the bonds after the June 30, 2016 entry is $1,070,000.
Journal entry to record the repayment of the bond at maturity on January 1, 2021, after all interest has been paid
The maturity value of bonds will be equal to the face amount of bonds, which is $1,000,000.
On the maturity date, Crammer Inc. will pay the bondholders the maturity value of the bonds along with the last interest payment.
Journal entry to record the repayment of bonds on January 1, 2021:
Particulars Debit Credit
Bonds Payable$1,000,000
Bond Premium or Discount account$70,000
Cash$1,070,000
Hence, the journal entry to record the repayment of the bond at maturity on January 1, 2021, after all interest has been paid is as follows: Bonds Payable $1,000,000
Bond Premium or Discount account $70,000
Cash $1,070,000
To know more about bondholders visit:
https://brainly.com/question/33451138
#SPJ11
An apartment lease is typically set up as an annuity due. True False
An apartment lease is typically set up as an annuity due is true.
An annuity is defined as a series of payments of the same amount made at regular intervals. An annuity due is a type of annuity where the payments are made at the beginning of each period rather than the end.
In the context of apartment leases, the monthly rent is often set up as an annuity due. This means that the renter is required to pay their monthly rent at the beginning of each month, rather than at the end of the month.
An annuity due is preferred for lease agreements because it ensures that the landlord receives payment for the upcoming month before the tenant occupies the space. This provides security and stability for the landlord.
Learn more about lease agreements: https://brainly.com/question/32423649
#SPJ11
1. Discuss the telephone technique you would use if you had to handle a large number of incoming calls (10 marks)
2. Written messages include letters, memoranda, circulars, reports, notices and many others. Each one of the above mentioned has its specific uses. Differentiate between memorandums and circulars. (15 marks
The most effective telephone technique for dealing with a large number of incoming calls is call management through friendly and direct answering techniques.
What are the effective communication channels?There are several channels for transmitting oral and written messages, such as telephone calls, whose service techniques should focus on greeting, identification and active listening.
Therefore, written messages such as memos are used in companies for direct communication with a large number of people, while circulars are used to reach the organization's internal and external public.
Find out more about communication channels at:
https://brainly.com/question/14666144
#SPJ4
The Raw Materials account for Mac’s Motorcycles had a beginning balance of $25,000 for October. During the month, $10,000 of direct materials were transferred to Work in Process, and $7,000 of direct materials were purchased from a vendor. What is Mac’s ending Raw Materials balance for October?
$32,000
$22,000
$15,000
$18,000
For the month of October, Mac's closing raw material balance was $18,000.
For the month of October, the starting amount in Mac's Motorcycles' raw materials account was $25,000.
$10,000 in direct materials were moved to Work in Process during the month, while $7,000 in direct supplies were bought from a vendor.
The direct materials transferred to work in progress and the direct materials purchased from the vendor are subtracted from the beginning balance of raw materials for October to arrive at the concluding raw materials balance for the month.
The calculation looks like this:
Raw materials' initial balance is equal to $25,000
10,000 direct materials were moved to the active work.
$700 was spent on direct materials from the vendor.
Ending raw material balance = Beginning raw material balance + Direct materials added to work in progress + Direct materials bought from vendor
= $25,000 + $10,000 + $7,000 = $18,000.
learn more about raw material from given link
https://brainly.com/question/825024
#SPJ11
A local bank advertises the following deal: Pay us $100 at the end of each year for 11 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever.
a. Calculate the present value of your payments to the bank if the interest rate available on other deposits is 9.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Present value
b. What is the present value of a $100 perpetuity deferred for 11 years if the interest rate available on other deposits is 9.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Present value
c. Is this a good deal?
O No
O Yes
a. Present ValueThe present value of payments to the bank would be $688.32.
PMT = $100i = 9%N = 11PV = ?Use the formula for the present value of an annuity.
PV = PMT * [1 - (1 + i)-N]/iPV = $100 * [1 - (1 + 9%)-11]/9% = $688.32
Therefore, the present value of payments to the bank is
$688.32.b.
Present ValueThe present value of a $100 perpetuity deferred for 11 years would be
$422.16.R = $100i = 9%N = 11PV = ?Use the formula for the present value of a perpetuity:
PV = R/i * (1 - 1/(1 + i)N)PV = $100/9% * [1 - 1/(1 + 9%)11] = $422.16
Therefore, the present value of a $100 perpetuity deferred for 11 years is $422.16.
c. Is this a good deal?Yes, this is a good deal. The present value of the payments to the bank is
$688.32, which is less than the present value of a $100 perpetuity deferred for 11 years, which is
$422.16.
This means that paying $100 per year for 11 years and receiving $100 per year forever is a good deal because the present value of the payments to the bank is less than the present value of a $100 perpetuity deferred for 11 years.
To know more about payments visit:
https://brainly.com/question/15136793
#SPJ11
Mary is willing to pay $20 for a hat that is $ 11 . Her consumer
surplus is =
Mary's consumer surplus is $9. This surplus contributes to Mary's overall satisfaction and economic well-being.
Consumer surplus is the difference between the maximum price a consumer is willing to pay for a product and the actual price they pay. In this case, Mary is willing to pay $20 for the hat, but it is priced at $11.
Therefore, Mary's consumer surplus is calculated as the difference between the maximum price ($20) and the actual price ($11):
Consumer Surplus = Maximum Price - Actual Price
Consumer Surplus = $20 - $11
Consumer Surplus = $9
Mary's consumer surplus represents the additional value or benefit she receives from purchasing the hat at a price lower than what she was willing to pay. It reflects the economic gain she experiences as a result of the transaction. Consumer surplus is a measure of consumer welfare and indicates the difference between the value a consumer places on a product and the price they actually pay. In this case, Mary's consumer surplus of $9 indicates that she perceives the hat to be worth $20 but is able to purchase it for only $11, resulting in a positive surplus.
Learn more about Mary's here:
https://brainly.com/question/32703205
#SPJ11
Requirement 1. Prepare Gilder's operating budget and cash budget for 2025 by quarter. Required schedules and budgets include: sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments, and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. Round all calculations to the nearest dollar. Begin by preparing the sales budget. given are stated as of December 31, 2024.) a. Budgeted sales are 1,800 tires for the first quarter and expected to increase by 200 tires per quarter. Cash sales are expected to be 40% of total sales, with the remaining 60% of sales on account. b. Finished Goods Inventory on December 31, 2024 consists of 600 tires at $32 each. c. Desired ending Finished Goods Inventory is 40% of the next quarter's sales; first quarter sales for 2026 are expected be 2,600 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2024, consists of 1,200 pounds of rubber compound used to manufacture the tires. e. Direct materials requirements are two pounds of a rubber compound per tire. The cost of the compound is $9.00 per pound. f. Desired ending Raw Materials Inventory is 50% of the next quarter's direct materials needed for production; desired ending inventory for December 31,2025 is 1,200 pounds; indirect materials are insignificant and not considered for budgeting purposes. g. Each tire requires 0.40 hours of direct labor; direct labor costs average $8 per hour. h. Variable manufacturing overhead is $5 per tire. i. Fixed manufacturing overhead includes $1,500 per quarter in depreciation and $5,130 per quarter for other costs, such as utilities, insurance, and property taxes. j. Fixed selling and administrative expenses include $14,000 per quarter for salaries; $1,800 per quarter for rent; $750 per quarter for insurance; and $1,500 per quarter for depreciation. k. Variable selling and administrative expenses include supplies at 3% of sales. I. Capital expenditures include $25,000 for new manufacturing equipment, to be purchased and paid in the first quarter. m. Cash receipts for sales on account are 65% in the quarter of the sale and 35% in the quarter following n. Direct materials purchases are paid 50% in the quarter purchased and 50% in the following quarter; December 31, 2024, Accounts Payable is paid in the first quarter of 2025. o. Direct labor, manufacturing overhead, and selling and administrative costs are paid in the quarter incurred. p. Income tax expense is projected at $3,500 per quarter and is paid in the quarter incurred. q. Gilder desires to maintain a minimum cash balance of $70,000 and borrows from the local bank as needed in increments of $1,000 at the beginning of the quarter; principal repayments are made at the beginning of the quarter when excess funds are available and in increments of $1,000; interest is 8% per year and paid at the beginning of the quarter based on the amount outstanding from the previous quarter. Liabilities Current Liabilities: Accounts Payable $5,000 Stockholders' Equity Current Liabilities:
Gilder’s operating budget and cash budget for 2025 by quarter is as follows:1. Sales Budget: Sales Budget for the first quarter = Budgeted sales + Expected increase in sales= 1,800 + 200= 2,000 tires Sales Budget for the second quarter = 2,000 + 200= 2,200 tires Sales Budget for the third quarter = 2,200 + 200= 2,400 tires Sales Budget for the fourth
quarter = 2,400 + 200= 2,600 tires Cash Sales = 40% of Total Sales Credit Sales = 60% of Total Sales Cash Sales and Credit Sales for each quarter can be calculated by:2. Production Budget: Production Budget for the first quarter = Sales Budget for the first quarter + Desired Ending Finished Goods Inventory - Beginning Finished Goods Inventory= 2,000 +
1,040 - 600= 2,440 tires Production Budget for the second quarter = Sales Budget for the second quarter + Desired Ending Finished Goods Inventory - Beginning Finished Goods Inventory= 2,200 + 1,040 - 1,040= 2,200 tires Production Budget for the third quarter = Sales Budget for the third quarter + Desired Ending Finished Goods Inventory,
To know more about budget visit:
https://brainly.com/question/31952035
#SPJ11
After playing for the wild for a few seasons and showing what a good leader he can be, marcus foligno becomes the assistant captain. what type of leader is he?
The correct option is b. Emergent .' After playing for the wild for a few seasons and showing what a good leader he can be, Marcus Foligno becomes the assistant caption' Marcus Foligno is a Emergent leader.
Based on the given information, Marcus Foligno can be considered an emergent leader. An emergent leader is someone who naturally gains influence and respect from their teammates based on their actions, character, and ability to lead effectively. By demonstrating good leadership qualities over the course of his time with the Wild, Marcus Foligno has likely earned the trust and admiration of his teammates, leading to his appointment as Assistant Captain. As an emergent leader, he may possess attributes such as strong communication skills, a positive attitude, the ability to motivate others, and a willingness to lead by example. These qualities likely contribute to his effectiveness in guiding and inspiring his teammates both on and off the ice, making him a valuable asset to the team as an Assistant Captain.
The complete question is
After playing for the Wild for a few seasons and showing what a good leader he can be, Marcus Foligno becomes the Assistant Captain. What type of leader is he? a. Designated b. Emergent c. Implied d. Democratic
To know more about Emergent leader here
https://brainly.com/question/32328569
#SPJ4
Describe the target market profile based on Air Food
Deliveries (AFD)
And our product is Deliver food using drone.
( I WANT THE ANSWERS TO BE VERY LONG & I WANT IN WORD
FORMAT)
Air Food Deliveries (AFD) is a type of business model that provides its customers with food delivery services using drone technology.
The target market profile for AFD services can be described as follows:
Age: Customers who have an age range between 20 to 45 years are more likely to use AFD services. This is because this age group tends to be tech-savvy and more likely to use new technological innovations. Also, people in this age range are more likely to order food online.
Income level: The target market for AFD services are people with a disposable income, as drone food delivery services tend to be more expensive than traditional delivery services. Therefore, AFD services are more suited to those who have a higher income level.
Lifestyle: Customers with busy lifestyles, who don't have the time to go to restaurants or cook at home are more likely to use AFD services. They may be professionals, students, or parents with young children. Therefore, the convenience of using AFD services would appeal to them.
Location: AFD services are more suited to customers who live in densely populated urban areas. This is because it's easier for drones to navigate their way through cities, avoiding obstacles such as buildings, trees, and power lines. Therefore, AFD services are more suited to customers who live in urban areas.
Dietary requirements: Customers who have special dietary requirements, such as gluten-free or vegan, are more likely to use AFD services. This is because it can be challenging to find restaurants that cater to these dietary requirements, and AFD services can provide a wider range of options.
In conclusion, the target market for AFD services are customers who are tech-savvy, have a disposable income, lead busy lifestyles, live in densely populated urban areas, and have special dietary requirements. The convenience and range of options offered by AFD services are likely to appeal to these customers.
To know more about the customers, visit:
https://brainly.com/question/33361370
#SPJ11
ABC CO had cash and marketable securities worth $1,041,357 accounts payables worth $4,179,975, inventory of $2,141,726, accounts receivables of $2,118,924, short-term notes payable worth $776,297, and other current assets of $80,971. What is the company's net working capital? Rearrange: Cash & marketable securities short-termnotes payable AR other current assets NET WORKING CAPITAL
Net working capital can be calculated by subtracting current liabilities from current assets. In this case, the company's current assets include cash and marketable securities ($1,041,357).
Accounts receivables ($2,118,924), and other current assets ($80,971). Current liabilities consist of short-term notes payable ($776,297). Subtracting the liabilities from the assets, the net working capital is $1,465,955.
Net working capital is the difference between a company's current assets and current liabilities. In this scenario, the current assets include cash and marketable securities, accounts receivables, and other current assets, totaling $3,241,252 ($1,041,357 + $2,118,924 + $80,971). The current liabilities, comprising short-term notes payable, amount to $776,297. Subtracting the liabilities from the assets yields a net working capital of $1,465,955 ($3,241,252 - $776,297).
Learn more about company's here:
https://brainly.com/question/30532251
#SPJ11
What does a financial leverage index greater than one indicate about a firm? a. The successful use of financial leverage b. Return on assets are more than sufficient to cover interest and lease payments c. More debt than equity financing d. An increased level of borrowing e. Operating returns are more than sufficient to cover depreciation and other non-cash charges
A and D are the correct options out of the given options. A financial leverage index greater than one indicates more debt than equity financing by the firm. A firm has a financial leverage index greater than one when it has more debt than equity financing. The financial leverage index refers to a ratio that is used to measure the extent to which a business has debt as compared to its assets' equity.
It helps in understanding the amount of leverage a business has to use to finance its operations. This index is also called the Debt to Equity ratio. It is expressed as a proportion of total liabilities to total shareholder equity. A financial leverage index greater than one means that the total liabilities are greater than total shareholder equity, which suggests that the company is more leveraged than it should be. A high financial leverage index increases the risk for the company's shareholders because a small loss can lead to a significant decrease in equity. However, it's important to note that a financial leverage index greater than one does not mean that the company is in trouble.
It simply means that the company is relying more on debt financing than on equity financing. Debt financing is cheaper and more flexible, and it allows the company to maintain more control over its operations. So, it can be said that having a financial leverage index greater than one is not necessarily bad for the company, but it does suggest that the company is more leveraged than it should be. A and D are the correct options out of the given options. A financial leverage index greater than one indicates the successful use of financial leverage and an increased level of borrowing by the firm.
To know more about leverage index visit :-
https://brainly.com/question/32223684
#SPJ11
OD is partly a reflection of
a. the result of its current engagement with organizations.
b. its past.
c. an outcome of emergent research.
d. All of these are correct.
According to the question all of these are correct.
Organization Development (OD) is influenced by various factors, making it a reflection of its current engagement with organizations, its past experiences and learnings, and the outcomes of emergent research in the field.OD is shaped by its current engagement with organizations as it involves actively working with clients to diagnose organizational issues, design interventions, and facilitate change processes. The strategies and practices employed by OD practitioners are influenced by the specific context, challenges, and goals of the organizations they work with.
To learn more about facilitate
https://brainly.com/question/33217396
#SPJ11
which of the following pays for the services provided by public employment agencies?
The correct answer is taxpayers. Taxpayers refer to individuals, entities, or organizations that are required by law to pay taxes to the government.
Public employment agencies, also known as job centers or labor exchanges, are government entities that provide various services to job seekers and employers. These agencies offer services such as job placement assistance, career counseling, job training programs, and unemployment benefits administration.
The funding for public employment agencies primarily comes from public funds, which are generated through taxes collected from individuals and businesses. Taxpayers contribute to the funding of these agencies through various taxes, such as income taxes, payroll taxes, or specific taxes allocated for employment and labor-related services.
The rationale behind taxpayers funding public employment agencies is to ensure that essential employment services are available to the public, promoting labor market efficiency, reducing unemployment rates, and supporting economic growth. These agencies play a crucial role in matching job seekers with suitable employment opportunities and providing resources for skills development and workforce integration.
To learn more about taxpayers click here
https://brainly.com/question/28446902
#SPJ11
On.January 1, 2020 , the ledger of Coronado Company contains the following liability aceounts. During Jandary, the following selected transactions occurred. Jan Sold merchandise for casht totaling $20,520, whichincludes 83 wales tawns. 5 12. Pertormed services foccustomers who had made advance papments of $11000 (Credt Servise Revenue) 14 Paid state feverue department foc sales taxes collected in December 20191$7.706×. 20 Sold 900 units of a newp product oncredit at $50 per unit, pho bissales tac This new product is vibject to a 17 er warranty. 21 Borrowed $27.000 fe wer Grand Bank on a 3mensh. 84,$27,000 note: 25. Sold merchandise for cash totaling $9,504, which intides 8% sales tamet: Journalize the January transactions. (Credit account titles are dutomatically indented when amount is entered. Do not indent mantally. Record journal entries in the order presented in the problem.
The Coronado Company's January transactions are detailed in the following journal entries: Beginning on January 1st, cash amounts to $20,520. 20,520 dollars were made from sales. (To track the exchange of goods for money) Cash 11,000 Unearned Service Revenue 11,000 on the fifth of January. (To document the recognition of revenue from service-related payments in advance)
January 14: Sales Taxes Payable 7,706 Cash 7,706 (To record the payment of sales taxes) On January 20, the following numbers were recorded: Accounts Receivable 45,000 Sales Revenue 42,300 Sales Taxes Payable 2,700 (to register the sale of units on credit, including sales tax and recognising revenue). Cash 27,000 and Notes Payable 27,000 as of January 21. (To document the Grand Bank loan that was taken out) On January 25, there were 9,504 dollars in cash, 8,800 dollars in sales, and 704 dollars in sales taxes that needed to be paid. (In order to document the sale of goods for cash and sales tax. and accounting for revenue. Please be aware that the journal entries rely on the corporation using a perpetual inventory system and an 8% sales tax. Depending on the circumstances of the transactions and the company's chart of accounts, the particular account names and amounts may change.
learn more about company's here:
https://brainly.com/question/30532251
#SPJ11
The Solow growth rate is the rate of economic growth that occurs when:
a. prices and wages are flexible.
b. prices and wages are sticky.
c. the money supply is growing.
d. inflation is moderate
The correct answer is option (a) which is the Solow growth rate is the rate of economic growth that occurs when the prices and wages are flexible.
What is Solow growth rate?
The Solow growth model is a neoclassical model of economic growth developed by Robert Solow.
It is a capital accumulation model that examines the long-run economic growth and income distribution of an economy.
The Solow growth rate is the steady-state rate of economic growth that occurs when the rate of capital accumulation, the rate of population growth, and the rate of technological progress are balanced.
What is Economic growth?
Economic growth is an increase in an economy's capacity to produce goods and services over time. It is the increase in the quantity and quality of goods and services produced in an economy over time.
Economic growth is measured by the rate of increase in real GDP per capita over time.
The rate of economic growth that takes place when prices and wages are flexible is known as the Solow growth rate.
Hence, option (a) is correct.
To learn more about capital accumulation model from the given link.
https://brainly.com/question/31063374
#SPJ11
The most important actors in the company's microenvironment are ________.
A. publics
B. suppliers
C. competitors
D. customers
E. company departments
The most important actors in the company's microenvironment are A. publics, B. suppliers, C. competitors, D. customers, and E. company departments. Publics: Publics refer to any group or individual that has an interest in or is affected by the company's activities.
This can include the general public, government agencies, media, and advocacy groups. Publics are important because they can influence the company's reputation and success through their opinions, actions, and support. Suppliers: Suppliers are the companies or individuals that provide the resources and materials needed for the company's operations.
They play a crucial role in the company's supply chain and can directly impact the quality, availability, and cost of the products or services offered by the company. Competitors: Competitors are other companies or organizations that operate in the same industry and offer similar products or services. They are important because they create competition in the market, which can drive innovation, influence pricing strategies, and affect market share.
To know more about company visit:
https://brainly.com/question/30532251
#SPJ11
the following are your predictions of 3 possible states of the economy and estimated rates of return for nxs corporation common stock. given this information, what is the stock's expected return?
The given probabilities accurately reflect the likelihood of each state occurring, and the estimated rates of return are accurate predictions. It's essential to regularly update these values based on new information to make more informed investment decisions.To calculate the expected return of the NXS Corporation common stock, we need to consider the predicted states of the economy and their corresponding estimated rates of return.
The expected return of the NXS Corporation common stock is 8.3%.
Let's assume the three possible states of the economy are labeled as State A, State B, and State C. The estimated rates of return for NXS Corporation common stock in each state are as follows:
- State A: 8%
- State B: 12%
- State C: 5%
To calculate the expected return, we need to consider the probability of each state occurring. Let's assume the probabilities of each state are as follows:
- State A: 40%
- State B: 30%
- State C: 30%
To calculate the expected return, we multiply each estimated rate of return by its corresponding probability and sum up the results:
(Expected Return) = (Rate of Return in State A) * (Probability of State A) + (Rate of Return in State B) * (Probability of State B) + (Rate of Return in State C) * (Probability of State C)
Substituting the values, we have:
(Expected Return) = (0.08) * (0.4) + (0.12) * (0.3) + (0.05) * (0.3)
Simplifying the calculation:
(Expected Return) = 0.032 + 0.036 + 0.015
(Expected Return) = 0.083 or 8.3%
Therefore, the expected return of the NXS Corporation common stock is 8.3%.
to know more about stock here:
brainly.com/question/31940696
#SPJ11
Complete question- The following are your predictions of 3 possible states of the economy and estimated rates of return for NXS Corporation common stock. Given this information, what is the stock's expected return?
Probability Return
Rapid Growth 30% 35%
Normal Growth 50% 15%
Recession 20% -25%
Smith Corp: issued $400,000 of 5 -year, 7% bonds at 104.265 with a market interest rate of 6%. The bonde were sold on their issue date, March 1 , 2019. Interest is payable on March 1 and Septerrber 1 . What is the amount of the effective interest expense on Septernber 1,2019 when the first interest payment is mado? A. $12,000 8,$14,000 C. $48,000 D. $12.512
The required answer to this question is the nearest dollar, the amount of the effective interest expense on September 1, 2019, is $11,950.
To calculate the amount of effective interest expense on September 1, 2019, we need to determine the carrying value of the bonds on that date.
The carrying value of the bonds is the initial issue price adjusted for the amortization of any premium or discount. In this case, the bonds were issued at a premium since they were sold at 104.265% of their face value.
Step 1: Calculate the premium
Premium = Issue price - Face value
Premium = $400,000 * (104.265% - 100%)
Premium = $400,000 * 4.265% = $17,060
Step 2: Calculate the carrying value on September 1, 2019
Carrying value = Issue price - Premium amortization
Carrying value = $400,000 - ($17,060 / 10) (since the bonds have a 5-year term and semi-annual payments)
Carrying value = $400,000 - $1,706 = $398,294
Step 3: Calculate the effective interest expense
Effective interest expense = Carrying value * Market interest rate per period
Effective interest expense = $398,294 * (6% / 2) (since the bonds have semi-annual payments)
Effective interest expense = $398,294 * 3% = $11,949.82
Rounded to the nearest dollar, the amount of the effective interest expense on September 1, 2019, is $11,950. Therefore, the correct answer is not among the options provided.
Learn more about interest here : brainly.com/question/30393144
#SPJ11