Answer:
$148 F
Explanation:
Calculation to determine what The spending variance for catering supplies in December would be closest to:
Flexible budget $3,698
[$550 + ($104 * 7) + ($20 * 121)]
Less Actual results $3,550
Spending variance $148 F
Therefore The spending variance for catering supplies in December would be closest to: 148 F
A T-bill has a discount Ask quote of 4.80 with 150 days to maturity and sells for $9800. The bill has a face value of $10,000. What is its Ask yield
Answer: 4.97%
Explanation:
Yield = (Face value / Purchase price - 1) * 365 days / Days to maturity
= (10,000 / 9,800 - 1) * 365 / 150
= 0.0204081632653 * 365/150
= 4.97%
When one gas station lowers its price a penny, the station on the other corner of the intersection lowers its price, followed by the gas stations on the next block, and so on, until nearly every gas station in town has lowered its price. This situation illustrates ________.a. a differentiation strategy.b. intense rivalry among competitors.c. the treat of substitutes.d. a cost leadership strategy.
Answer:
b. intense rivalry among competitors.
Explanation:
In the market place competitors exist trying to gain an upper hand over each other. They do this by adopting a strategy that will give them an edge over the other firms.
Some examples of strategy used by competitors to get ahead include differentiation strategy and price leadership strategy.
In the given scenario one gas station lowers its price a penny. Because of intense rivalry between competitors they did not allow the gas station maintain the price advantage.
Rather the station on the other corner of the intersection lowers its price, followed by the gas stations on the next block, and so on, until nearly every gas station in town has lowered its price.
The treasurer for Rahm Corp. was preparing a bank reconciliation as of September 30, 2017. The following items were identified: Rahm's book balance $32,800 Deposits in transit 4,300 Outstanding checks 2,200 Interest earned on checking account 100 Customer's NSF check returned by the bank 400 Rahm Corp.'s adjusted cash balance at September 30, 2017 is
Answer:
$32,500
Explanation:
The items that appear on the Bank Statement and not on the Cash Book are used to update the Cash Book Balance.
Rahm Corp
Cash Book
Debit :
Balance before adjustment $32,800
Interest earned $100
Total $32,900
Credit :
Dishonored check $400
Balance (adjusted) $32,500
Total $32,900
Therefore,
Rahm Corp.'s adjusted cash balance at September 30, 2017 is $32,500
The stock in Pal-Maine Foods has a beta of .85. The expected return on the market is 11.50 percent and the risk-free rate is 2.85 percent. What is the required return on the company's stock?
Answer:
the required rate of return is 10.20%
Explanation:
The computation of the required rate of return is shown below;
We know that
= risk free rate of return + beta × (market rate of return - risk free rate of return)
= 2.85% + 0.85 × (11.50% - 2.85%)
= 2.85% + 7.3525%
= 10.20%
hence, the required rate of return is 10.20%
Slipper Company sold a productive asset, a machine, for cash. It originally cost Slipper $29,000. The accumulated depreciation at the date of disposal was $24,000. A gain on the disposal of $2,900 was reported. What was the asset's selling price
Answer:
$7,900 = selling price
Explanation:
Giving the following information:
Original cost= $29,000
Accumulated depreciation= $24,000
Gain= $2,900
First, we will determine the book value:
Book value= original cost - accumulated depreciation
Book value= 29,000 - 24,000 = $5,000
Now, the selling price:
Gain/loss= selling price - book value
2,900= selling price - 5,000
$7,900 = selling price
a) Suppose a country is able to produce a maximum of either 300 units of lumber or 100 units of rice. This country is currently allocating its labor resources to produce 75 units of lumber and 75 units of rice. To increase its lumber production by 6 units to 81, the country faces an opportunity cost of
Answer: 2 units of rice
Explanation:
Opportunity cost simply means the real cost of something else that we forgo or benefit lost. .
a) Based on the information given above, the opportunity cost of producing lumber with regards to the units of rice will be:
= 100/300
= 1/3 units of rice
This means that 1/3 unit of rice will be given up for every 1 unit of lumber
To increase its lumber production by 6 units, then the units of rice that'll be sacrificed will be:
= 6 × 1/3
= 2 units of rice
Therefore, country faces an opportunity cost of 2 units of rice.
Mary runs over a deer with her car. The ACV of her vehicle is $7,250. To repair the damages caused in the accident, it will cost $4,375. What will the insurer likely pay Mary for this claim, assuming that her COLLISION deductible is $500, and her OTHER THAN COLLISION deductible is $200
Answer: $4175
Explanation:
The Other Than Collision coverage is the payment to repair a vehicle when the damage caused isn't when one collides with another vehicle.
In this case, since Mary runs over a deer with her car, we'll deduct the other than collision deductible from her cost of the repair and this will be:
= $4375 - $200
= $4175
The insurer will pay Mary $4175
When 24,000 units are produced, variable costs are $12.00 per unit. Therefore, when 18,000 units are produced ________. Group of answer choices variable unit costs will increase to $16.00 per unit variable costs will remain at $12.00 per unit variable costs will total $288,000 variable unit costs will decrease to $9.00 per unit
Answer: variable costs will remain at $12.00 per unit
Explanation:
Variable costs refers to the costs that change when there's a change in the quantity of the good that's produced.
Since when 24,000 units are produced, the variable costs are $12.00 per unit. It should be noted that even when 18,000 units are produced, the variable cost will still remain $12.00 per unit.
he appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $700 2 700 3 0 4 1,100 What is the present value of the cash flows
Answer:
Thus, the present value is $2045.52.
Explanation:
Use the below formula to find the present value:
Present value = FV ÷ (1 + r/4)^(n*4)
Present value :
[tex]=\frac{700}{(1 + \frac{0.08}{4} )^{1 \times 4} } + \frac{700}{(1 + \frac{0.08}{4} )^{2 \times 4} } + \frac{0}{(1 + \frac{0.08}{4} )^{3 \times 4} } +\frac{1100}{(1 + \frac{0.08}{4} )^{4 \times 4} } \\ \\= \frac{700}{1.0824}+\frac{700}{1.1716} +0+\frac{1100}{1.3727} \\= 2045.52[/tex]
Thus, the present value is $2045.52.
During the previous year, Leveraged Inc. paid $100 million of interest expense, and its average rate of interest for the year was 8%. The company's ROE is 18.4%, and it pays no dividends. Estimate next year's interest expense assuming that interest rates will fall by 34% and the company keeps a constant equity multiplier, Calculate next year's estimated interest expense
Answer:
$67214400
Explanation:
Average rate of interest = 8% = 0.08
Amount paid by leveraged Inc ( previous year ) = $100 million
Growth rate retention = 1 ( since company pays no dividend )
ROE = 18.4% = 0.184
Determine next year's estimated interest expense
Given that Interest rates will fall by 34%
interest expenses = $100,000,000
estimated Interest rate = 0.34
First step : calculate total debt
= interest expense / interest rate
= 100,000,000 / 0.08 = $1,250,000,000
next determine the growth rate
= ROE * growth rate retention = 0.184 * 1 = 0.184
next determine next year's debt
= Total debt * ( 1 + 0.184 )
= 1,250,000,000 * 1.0184 = $1,273,000,000
next determine Interest rate for next year
= interest rate - ( Interest rate * estimated interest rate )
= 0.08 - ( 0.34 * 0.08 ) = 0.0528 = 5.28%
Finally determine next year's estimated interest expense
= 5.28% * $1,273,000,000
= 0.0528 * 1,273,000,000 = $67214400
At the end of December 2013, Rosenfeld Co. had $10,000 of Deferred Tax Assets related to its Allowance for Doubtful Accounts. In response to low public approval ratings (and after a particularly boisterous holiday party), the US Congress passed a law to reduce the Federal Statutory Tax Rate from 35% to 20% on December 31, 2013. As a US company, Rosenfeld had to immediately adjust the balance of its DTAs based on the new law. Which of the following items would be decreased by the entry to adjust the balance in Deferred Tax Assets?
a. Income Tax Payable.b. Income Tax Expense.c. Net Income.d. Deferred Tax Assets.e. Cash from Operating Activities.
Answer:
Rosenfeld Co.
The item decreased by the entry to adjust the balance in Deferred Tax Assets is:
d. Deferred Tax Assets.
Explanation:
Deferred Tax Assets on December 31 = $10,000
Federal Statutory Tax Rate = 35%
New Federal Statutory Tax Rate = 20%
The balance in the Deferred Tax Assets will be reduced to $5,714 ($10,000/35% * 20%)
This means that the Deferred tax assets will be decreased by $4,286 while the net income will be increased by $4,286.
ow do each of the following events change the demand for or supply of jeans? A. The price of a denim skirt halves . B. People’s incomes increase . C. Upper A new technology becomes available that reduces the time it takes to manufacture a pair of jeans . D. The price of the cloth (denim )used to make jeans rises . E. Jeans go out of fashion . F. The price of a pair of jeans rises . G. The wage rate paid to garment workers falls . H. More specialty shops start to sell jeans .
Answer:
1. the quantity demanded of jeans increases
the quantity supplied of jeans decreases
2. the demand for jeans increases
3. the supply of jeans increases
4. the supply of jeans reduces
5. the demand for jeans falls
6. the quantity demanded of jeans decreases
the quantity supplied of jeans increases
7. the supply of jeans increases
8, the supply of jeans increases
Explanation:
Only a change in the price of a good leads to a movement along the supply curve (demand curve) for that good. If price increases, there is a movement up along the supply curve and if prices decreases, there is a movement down along the supply curve. This is in line with the law of supply.
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
Other factors other than changes in the price of the good leads to a shift of the supply curve. Such factors include :
A change in the number of suppliers
a change in the price of substitute goods
A change in the price of factors used in the production process
government regulation
If price increases, there is a movement down along the demand curve and if prices decreases, there is a movement up along the demand curve. This is in line with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Other factors lead to a shift of the demand curve. they include :
change in taste of the consumerchange in consumer's income season change in the price of substitutesA. the price of denim halves. there would be a change in the quantity demanded and supplied. quantity demanded increases while quantity supplied decreases
b. An increase in income would lead to a rightward shift of the demand curve. demand would increase
c. As a result of new technology, supply would increase. supply curve would shift outward
d. As a result of the rise in price of denim, it because more expensive to make jeans. supply would fall.
e. If jeans goes out of fashion, consumers would no longer buy jeans. the demand would fall
g. if wages fall, it becomes cheaper to make jeans, thus the supply increases
The resistance of employees in an organization against flexibility, growth, and diversification can be overcome by developing______________________.
Considering technological innovations, schools increasingly adopt digital tools and promote online environments for learning.
a. True
b. False
Answer:
A
Explanation:
Technological innovations are been increasingly adopted in schools.
examples of technological innovations used in schools are :
Digital readers and tablets. Virtual reality Gamification Use of Biometrics Cloud technology Artificial intelligence Mobile technologyAdvantages of adopting technology in schools include :
It facilitates the learning process and ensures faster retention of what is taughtIt also helps students remember what they were been taught in schools. for example, there are educational game appsAlso, students can get help faster with questions they might have. for example, an app like brainly provides answers and explanation to studentsWith technology, learning can take place outside the four walls of a school. With the pandemic, technology has facilitated learning from home.Company FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fixed costs of $20,000 to produce the product. Also, we know that the variable costs per unit will be $36, and the price per unit will be $58. The required return is 10%. Please calculate the financial break-even quantity for this project. (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
Answer:
909.09
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
$20,000 / 58 - 36 = 909.09
The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: DATE QUANTITY COST TOTAL January 15 Beginning Inventory 80 $126 $10,080 March 20 Purchase 30 120 3,600 June 21 Purchase 20 126 2,520 October 12 Purchase 15 122 1,830 December 29 Purchase 10 122 1,220 Total available for sale 155 $19,250 If 36 mountain bikes were on hand on December 31, what is the value of the ending inventory using the LIFO method of inventory pricing
Answer:
$4,536
Explanation:
LIFO assumes that the units to arrive last will be sold first. Hence inventory valuation is based on the prices of earlier units.
Ending Inventory = 36 x $126 = $4,536
The value of the ending inventory using the LIFO method of inventory pricing is $4,536.
Waterway Industries Recorded operating data for its Cheap division for the year. Waterway requires its return to be 10%. Sales $1600000 Controllable margin 88000 Total average assets 4400000 Fixed costs 100000 What is the ROI for the year
Answer:
See below
Explanation:
Given the above information, first we need to get the value of contribution margin , which is computed as;
Controllable margin = Contribution margin - Total direct fixed cost
$88,000 = Contribution margin - $100,000
Contribution margin = $88,000 + $100,000
Contribution margin = $188,000
Also,
Net income = Contribution margin - Total fixed expense
Net income = $188,000 - $100,000
Net income = $88,000
Return on investment = Net income ÷ Average operating assets
Return on investment = $88,000 ÷ $4,400,000
Return on investment = 2%
Therefore, the ROI for the year is 2%
A developer of a new townhome community estimates that there will be 1,400 home (all types) sales in University City over the next year. An analysis of demographic information has revealed that the core market share for the townhome project within the community is 13%. Assuming a capture rate of 22%, what is the developer's first-year projection of townhome sales in the new community
Answer:
the developer's first-year projection of townhome sales in the new community is $40.04
Explanation:
The computation of the developer's first-year projection of townhome sales in the new community is shown below:
= Number of Estimated home × market share × capture rate
= 1,400 × 13% × 22%
= $40.04
hence, the developer's first-year projection of townhome sales in the new community is $40.04
The same is to be considered
Riemer, Inc. has four departments. Information about these departments is listed below. Maintenance is a service department. If allocated maintenance cost is based on floor space occupied by each of the other departments, compute the amount of maintenance cost allocated to the Cutting Department.
Maintenance Cutting Assembly Packaging
Direct costs $20,000 $32,000 $72,000 $47,000
Sq. ft. of space 600 1,100 2,100 3,050
No. of employees 4 4 18 6
a. $3,520.
b. $5,000.
c. $20,000.
d. $3,874.
Answer:
a. $3,520.
Explanation:
The computation of the amount of maintenance cost allocated to the Cutting Department is given below:
= maintenance cost ÷ total floor space excluding maintenance cost
= $20,000 ÷ 6,250 × 1,100
= $3,520.
hence, the option is A.$3,520.
The 6,250 comes from
= 1,100 + 2,100 + 3,050
= 6,250
1. Understanding opportunity cost You work as an assistant coach on the university swim team and earn $13 per hour. One day, you decide to skip the hour-long practice and go to the local carnival instead, which has an admission fee of $9. The total cost (valued in dollars) of skipping practice and going to the carnival (including the opportunity cost of time) is .
Answer:
Total cost = $22
Explanation:
Below is the calculaton:
The per-hour earning = $13 per hour
The admission fee of carnival = $9
In order to find the total cost, just add the per hour earning and fee of carnival.
Thus, total cost = Admission fee + Earning from assisting the swim team
Total cost = $9 + $13
Total cost = $22
Rate of Return if State Occurs Stock State of Economy Probability of State of Economy Stock A Stock B C Boom
Answer:
mmmmmmmmmmmmmmmmmmm?
Somebody please help me with Game Design I can’t take it anymore I’m stressed bro
1. make the game world more engaging or In what way can audio design for both sound and music intersect with GUI design?
2. Think about a game you’ve played with effective sound effects or a game you’d like to design. Propose or identify how that game used sound to:
a. give feedback to the player;
b. give hints about upcoming events; and
c. make the game world more engaging or immersive.
Answer:
i dont know
Explanation:
Weekly News, Inc., publishes a weekly newspaper 52 weeks out of the year. The company sells one-year subscriptions to its newspaper for $52 collected in advance. During its first year of operations, the company sold subscriptions to 1,000 customers. By the end of that first year, on average, customers had received 13 weekly copies. What is the amount of subscription revenue that should be reported on the income statement for that first year of operations
Answer:
13000
Explanation:
13*1000
The margin of safety ratio is computed as actual sales divided by break-even sales. is used to determine the break-even point. indicates what percent decline in sales could be sustained before the company would operate at a loss. measures the ratio of fixed costs to variable costs.
Answer:
indicates what percent decline in sales could be sustained before the company would operate at a loss.
Explanation:
Since, Margin of safety ratio = Expected Sales - Break even sales
therefore,
The correct statement is : The margin of safety ratio indicates what percent decline in sales could be sustained before the company would operate at a loss.
The Robinson Company reported net income of $90,000 in 2010. Additional information follows:Depreciation expense$18,000Loss on sale of equipment 10,000 Gain on sale of land 17,000 Given just this information, what was the Robinson Company's net cash provided by operating activities in 2010
Answer:
$101,000
Explanation:
With regards to the above information , the net cash provided by operating activities is computed as;
Net income
$90,000
Add:
Depreciation expense
$18,000
Add:
Loss on sale of equipment
$10,000
Less:
Gain on sale of land
($17,000)
Net cash provided by operating activities
$101,000
Therefore, Robinson company's net cash provided by operating activities is 2010 is $101,000
Allocating Joint Costs Using the Net Realizable Value Method
A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,300. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows:
Product Gallons Further Processing
Cost per Gallon Eventual Market
Price per Gallon
L-Ten 3,200 $0.70 $2.10
Triol 3,700 1.10 5.40
Pioze 2,000 1.50 6.20
Required:
1. Allocate the joint cost to L-Ten, Triol, and Pioze using the net realizable value method. Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar.
Joint Cost
Grades Allocation
L-Ten $
Triol
Pioze
Total $
2. What if it cost $2.10 to process each gallon of Triol beyond the split-off point? How would that affect the allocation of joint cost to the three products? Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar.
Joint Cost
Grades Allocation
L-Ten $
Triol
Pioze
Total $
Answer:
Allocating Joint Costs Using the Net Realizable Value Method
1. Joint Cost
Grades Allocation
L-Ten $1,850
Triol 6,569
Pioze 3,881
Total $12,300
2. Joint Cost
Grades Allocation
L-Ten $2,112
Triol 5,756
Pioze 4,432
Total $12,300
Explanation:
a) Data and Calculations:
Cost of each production run = $12,300
Product Gallons Further Processing Eventual Market Net Realizable
Cost per Gallon Price per Gallon Value
L-Ten 3,200 $0.70 $2.10 $4,480
Triol 3,700 1.10 5.40 15,910
Pioze 2,000 1.50 6.20 9,400
Total 8,900 $29,790
Allocation of join cost:
L-Ten = $4,480/$29,790 * $12,300 = $1,850
Triol = $15,910/$29,790 * $12,300 = $6,569
Pioze = $9,400/$29,790 * $12,300 = $3,881
Product Gallons Further Processing Eventual Market Net Realizable
Cost per Gallon Price per Gallon Value
L-Ten 3,200 $0.70 $2.10 $4,480
Triol 3,700 2.10 5.40 12,210
Pioze 2,000 1.50 6.20 9,400
Total 8,900 $26,090
Allocation of join cost:
L-Ten = $4,480/$26,090 * $12,300 = $2,112
Triol = $12,210/$26,090 * $12,300 = $5,756
Pioze = $9,400/$26,090 * $12,300 = $4,432
17. Calculating Future Values Streamsong Credit Bank is offering 4.7 percent compounded daily on its savings accounts. If you deposit $4,750 today, how much will you have in the account in 5 years
Answer:
Future value = $5912.87
Explanation:
Below is the calculation:
Interest rate = 4.7%
Present value of deposit = $4750
Time period, n = 5 years
Future value = Present value ( 1 + interest rate)^n
Future value = 4750 ( 1 + (4.7%/365)^5*365
Future value = 4750 (1 + 0.00012)^1825
Future value = $5912.87
MacGyver Company bought equipment on January 3, 20X1, for $34,100. At the time of purchase, the equipment was estimated to have a useful life of 6 years and a salvage value of $620. Using the straight-line method, the amount of one year's depreciation is
Answer:
$5,580
Explanation:
Straight line method charges a fixed amount of depreciation for each and every year the asset is in use in the business.
Depreciation expense = (Cost - Salvage Amount) ÷ Estimated useful life
therefore,
Depreciation expense = ($34,100 - $620) ÷ 6
= $5,580
Using the straight-line method, the amount of one year's depreciation is $5,580.
Julie is purchasing a home for $169,000.00. Her loan has been approved for a 30-year fixed-
rate loan at 5 percent annual interest. She will pay 20 percent of the purchase price as a down
payment. What is the total interest she will pay on her loan?
O $122,877.92
O $126,168.64
$135,200.87
O$142,613.78
The total interest she will pay on her loan is $ 126080.80
Step-by-step explanation:
Given : Julie is purchasing a home for $169,000.
She will pay 20 percent of the purchase price as a down payment.
So, 20% of $169,000 is given as ,
169000\cdot\frac{20}{100}=33800
Thus, amount left to pay = 169,000 - 33800 = $ 135200
Now, Her loan has been approved for a 30-year fixed-rate loan at 5 percent annual interest.
So, Finding monthly payment using formula,
P=\frac{PV\cdot r}{1-(1+r)^{-n}}
Where, PV = present amount
P = monthly payment
r is interest rate per period
n is time per period
Here, PV = 135200
time period = 30 × 12 = 360 months
Monthly interest rate = 5 % = \frac{5}{1200}
Substitute, we have,
P=\frac{135200\cdot\frac{5}{1200}}{1-\left(1+\frac{5}{1200}\right)^{-\left(30\cdot12\right)}}
Simplify, we have,
P = 725.78
Thus, Monthly payment is $ 725.78
Thus, the value of loan after 30 years becomes,
725.78\cdot30\cdot12=261280.8
Total interest paid = Total loan amount after 30 years - present amount
Total interest paid = 261280.8 - 135200 = 126080.8
Thus, The total interest she will pay on her loan is $ 126080.80
The financing of long term assets should be made from
Answer:
The main sources constituting long-term financing are shares, debentures, and debts form banks and financial institutions.