if an item of clothing costs a manufacturer R60 to make,how much profit was made per item if 10 items were sold for R1200​

Answer:

600

Explanation:

60×10=600 (this is the cost)

1200-600=600

Personal financial planning is the process of creating and achieving financial goals.
OA. True
OB. False

Problem 8-20 Like-Kind Exchanges (LO 8.11) Carey exchanges land for other land in a qualifying like-kind exchange. Carey's basis in the land given up is $115,000, and the property has a fair market value of $150,000. In exchange for her property, Carey receives land with a fair market value of $100,000 and cash of $10,000. In addition, the other party to the exchange assumes a mortgage loan on Carey's property of $40,000. a. Calculate Carey's recognized gain, if any, on the exchange. $fill in the blank 2cb026fcb01f033_1 b. Calculate Carey's basis in the property received. $fill in the blank 5522dd03f02dfa9_1

An allowance received from a creditor will __________ column of the creditor's account. Multiple Choice increase the creditor's account balance and be posted to the debit increase the creditor's account balance and be posted to the credit decrease the creditor's account balance and be posted to the debit decrease the creditor's account balance and be posted to the credit

Alpha Corporation has just paid its annual dividend and is looking forward to another successful year ahead. The company had free cash flow for the year just ended of $1 billion, all of which it just paid out to its shareholders as a dividend. Right now, shareholders do not believe that Alpha has any growth opportunities, so they expect the annual cash flow and dividend stream to remain unchanged for the foreseeable future. Alpha has 100 million 3 shares outstanding and a market capitalization of $10 billion. The company is entirely equity-financed. The capital market is efficient.
A) Alpha's CEO now proposes that the company skip its dividend one year from now and instead invest the entire amount of the coming year's $1 billion free cash flow in a project that management believes will generate a perpetual annual rate of return of 21%. The CEO further asserts that the new project has similar risk to the company's assets in place. If the company were to announce immediately its plans for the investment one year from now (financed by skipping next year's dividend) what do you think will happen to Alpha's stock price?
B) Some of Alpha's Board members are worried that shareholders are expecting a dividend next year and that announcing plans to skip next year's dividend will lower the stock price today. Suppose Alpha were to announce instead that it plans to pay its usual dividend one year from now and that it has no plans for any new investment at T-. What will happen to the stock price today?
C) Suppose Alpha settles on a compromise: Alpha announces today that it will invest in the new project one year from now, butwill simultaneously issue enough new shares at that time to enable it to pay the usual S10 dividend per share to its existing shareholders. What do you think will happen to Alpha's share price one year from now under this plan? What do you think will happen to Alpha's stock price today? Which of the three plans do you think Alpha's shareholders would prefer?

Behavioral segmentation addresses the knowledge of, use of, response to, and attitude toward a product. Which of these is an example of behavioral segmentation? Group of answer choices a retail shoe store targeting customers within a geographic twenty-mile radius a deodorant company targeting boys between the age of 12–18 an airline targeting customers with over 500k miles of travel on its airline

Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20 per unit Overhead costs for the year Variable overhead $ 10 per unit Fixed overhead $ 160,000 Units produced 20,000 units
Compute its product cost per unit under absorption costing.
Production cost per unit

Shipping cost at Junk Food Imports is a mixed cost with variable and fixed components. Past records indicate total shipping cost was $18,000 for 16,000 pounds shipped and $22,500 for 22,000 pounds shipped. Assuming that this activity is within the relevant range, if the company plans to ship 18,000 pounds next month, the expected shipping cost is:

The economy is populated by 100 agents. Each agent has to divide 1 unit of time

between work and leisure given the wage rate w paid on the labor market. In addition

to the salary, he or she also receives dividend a income of π = Π/100 (the total profit

of the firms Π is distributed equally among all the consumers in form of dividends)


Suppose that the government does not incur expenditures, so G=0.


The agent’s utility function depends on consumption (c) and leisure (l), and it is assumed

to satisfy u(c, l) = 0.5 ln(c) + 0.5 ln(l). On the other side of the market, there are

firms who hire workers and produce output. The representative firm operates with

a Cobb-Douglas production technology Y = zK^0.5N^0.5

, where z denotes the total

factor productivity, and K = 100 is a fixed amount of capital. Each of the firm’s

employees receives wage w, i.e. the total labor cost of the firm is equal to wN^d


Suppose that initially z = 1 (so the competitive equilibrium is the one we calculated

in class), but the economy is hit by a pandemic, which we can model as a decrease

in TFP: so z goes down to z = 0.5.


(a) What are the effects of this negative TFP shock on the equilibrium allocations

and prices? To obtain full credit, compute the value of all the endogenous

variables determined in equilibrium


(b) Does our model predict that the pandemic would cause a recession? What are

the effects of the pandemic in the level of employment? (ignore the fact that

some workers may get sick for the moment).


Now, suppose that the pandemic only affects the productivity of labor. This

can be modeled by letting z = 1 as in part a, but assuming that labor is less

productive,

Y = zK^0.5[ωN]^0.5

Assuming that the value of ω = 0.5, re-compute (a) and compare the new results

with your previous answer, providing some intuition.

You just bought a motorcycle for $8,000. You plan to ride the motorcycle for two years, and then sell it for $3,200. During this two-year period, you expect to ride the motorcycle 10,000 miles each year, and you expect the motorcycle to get 50 miles per gallon of gasoline. The annual cost of insurance is $960, registration costs are $80 (good for two years), and the price of gasoline is $2.50 per gallon. During this same two-year period, you will need to service your motorcycle five times, at $240 per service check, and obtain five oil changes. Each oil change costs $35. You will also need to replace your tires once during this two-year period, for a total cost of $400.
a. Calculate the total fixed cost, total variable cost, and cost per mile for the two-year period, .
b. Suppose you want to lower the cost per mile. You should focus on:
i. variable costs, because they represent a majority of the total costs.
ii. fixed costs, because they must be paid.
iii. variable costs, because they can be avoided.
iv. fixed costs, because they represent a majority of the total costs.

Mrs. Jonas believes strongly that it is important that workers' rights be respected, and that one of the more important ways of doing this is to ensure that all workers be properly documented. She is supervising a contracting company that is building a new warehouse for her company. While doing this she discovers that many of the workers employed by the contractor are undocumented aliens working for well below minimum wage. In this situation Mrs. Jonas has a(n) ________ that is in conflict with a(n) ________.

RCS, Inc. Gross fixed assets 284,950 Inventory 136,500 Accrued expenses 11,850 Accumulated depreciation 82,310 Notes payable 32,570 Preferred stock 8,000 Retained earnings 89,280 Current portion of L-T debt 4,080 Long-term debt 134,300 Accounts receivable 105,770 Additional paid-in capital 71,600 Accounts payable 50830 Common stock ($0.20 par) 60,000 Cash 17,600 Referring to the above balance sheet accounts for RCS, Inc. for the year ending Dec 31, 2016, the number of common shares issued by the company is closest to:_____.
a. 658,000
b. 12,000
c. 300,000
d. 26,320

2.1.3. Briefly explain the term Gross Domestic Product.​

For each of the following unrelated situations, calculate the annual amortization expense and prepare a journal entry to record the expense: A patent with a 15-year remaining legal life was purchased for $315,000. The patent will be commercially exploitable for another nine years. A patent was acquired on a device designed by a production worker. Although the cost of the patent to date consisted of $46,800 in legal fees for handling the patent application, the patent should be commercially valuable during its entire remaining legal life of 18 years and is currently worth $378,000. A franchise granting exclusive distribution rights for a new solar water heater within a three-state area for four years was obtained at a cost of $72,000. Satisfactory sales performance over the four years permits renewal of the franchise for another four years (at an additional cost determined at renewal).

The following information pertains to Seda Co.'s pension plan:
Actuarial estimate of projected benefit obligation at January 1, 2017 $72,000
Assumed discount rate 10%
Service costs for 2017 $18,000
Pension benefits paid during 2017 $15,000
If no change in actuarial estimates occurred during 2017, Seda's projected benefit obligation at December 31, 2017 was:___________.
a. $75,000
b. $79,200
c. $82,200
d. $64,200

please help I will mark brainlyest

g An university using benefit segmentation and targeting students who want to get a degree quickly while still working full time would focus on Group of answer choices providing classes at convenient times and offering online courses. discount pricing for students taking more than twelve credit hours. the higher average salaries earned by college graduates. the great variety of classes offered. the number of Nobel Prize winners on the faculty.

There is a debate about whether sterile hypodermic needles should be passed out free of charge in cities with high drug use,. Proponents argue that doing so well reduce the incidence of diseases, such as HIV/AIDS, that are often spread by needle sharing among drug users. Oppenents believe that doing so will encourage more drug use by reducing the risks of this behaviour. As an economist asked, to assess the policy, you must know the following :
i) How responsive the spread of diseases like HIV/AIDS is to the price sterile needles and
ii) How responsive drug use is to the price of sterile needles.
Assuming that you know these two things, use the concepts of price elasticityof demand for sterileneedle and the cross-price elasticity between drugs and sterile needles to answer the following questions.
a) In what circumstances do you believe this is a beneficial policy?
b) In what circumstances do you believe this is a bad policy?

Equipment was purchased for $45,000 plus $2,000 in freight charges. Installation costs were $1,500 and sales tax totaled $1,000. Hiring a special consultant to provide advice during the selection of the equipment cost $3,000. What is this asset's depreciable basis

You're considering a project with an initial cost of $6400, what is the payback period for this project if the cash inflows are $900, $1350,$2800, $1350 & $500 a year over the next five years

Suppose Burger King has run a major advertising campaign in the hopes of increasing monthly sales. To investigate the effectiveness of this campaign, Burger King randomly selected six restaurants and recorded the monthly sales before and after the advertising. The following data represents these sales figures in thousands of dollars.
Restaurant 1 2 3 4 5 6
After $123 $122 $145 $156 $160 $134
Before $107 $110 $143 $168 $145 $125
Assuming that the sales for both restaurants does not follow the normal probability distribution, perform a hypothesis test to investigate the effectiveness of the advertising campaign using a=0.05

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $126,000 to $162,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $420,000 and current break-even units are 4,200. If Forrester purchases this new equipment, the revised break-even point in units would:

The following transactions and adjusting entries were completed by a paper-packaging company called Gravure Graphics International during 2018 and 2019. The company uses straight-line depreciation for trucks and other vehicles, double-declining-balance depreciation for buildings, and straight-line amortization for patents.
January 2 , 2015
Paid $86,000 cash to purchase storage shed components.
January 3 , 2015
Paid $2,000 cash to have the storage shed erected. The storage shed has an estimated life of 10 years and a residual value of $5,000.
April 1 , 2015
Paid $40,000 cash to purchase a pickup truck for use in the business. The truck has an estimated useful life of five years and a residual value of $3,000.
May 13 , 2015 Paid $500 cash for repairs to the pickup truck.
July 1 , 2015
Paid $29,000 cash to purchase patent rights on a new paper bag manufacturing process. The patent is estimated to have a remaining useful life of five years.
December 31 , 2015
Recorded depreciation and amortization on the pickup truck, storage shed, and patent.
June 30 , 2016
Sold the pickup truck for $34,000 cash. (Record the depreciation on the truck prior to recording its disposal.)
December 31 , 2016
Recorded depreciation on the storage shed. Determined that the patent was impaired and wrote off its remaining book value (i.e., wrote down the book value to zero).
Record the journal entries for the following:
1. Record the purchase of storage shed components for $86,000.
2. Record the payment of $2,000 to have the storage shed erected
3. Record the purchase of a pickup truck for $40,000.
4.. Record the repairs of $500 to the pickup truck.
5.. Record the purchase of a patent for $29,000 on a new paper bag manufacturing process
6. Record the depreciation and amortization expense on the pickup truck, storage shed and patent for the year
7. Record the depreciation for the truck up to the date of sale.
8. Record the sale of the pickup truck for $34,000 cash.
9. Record the depreciation on the storage shed for the year.
10. Record any impairment loss incurred on the patent.

Newark Company has provided the following information: Cash sales, $640,000 Credit sales, $1,540,000 Selling and administrative expenses, $520,000 Sales returns and allowances, $109,000 Gross profit, $1,550,000 Increase in accounts receivable, $74,000 Bad debt expense, $52,000 Sales discounts, $62,000 Net income, $1,030,000 How much is Newark's cost of goods sold

At the end of the current year, using the aging of receivable method, management estimated that $18,000 of the accounts receivable balance would be uncollectible. Prior to any year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $450. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense

Scampini Technologies is expected to generate $150 million in free cash flow next year, and FCF is expected to grow at a constant rate of 5% per year indefinitely. Scampini has no debt or preferred stock, and its WACC is 12%. If Scampini has 50 million shares of stock outstanding, what is the stock's value per share

On November 4, 2018, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2018 and 2019, respectively, Blue deducted $642 and $5,128 of cost recovery. These amounts were incorrect; Blue applied the wrong percentages (i.e., those for 39-year rather than 27.5-year assets). Blue should have taken $910 and $7,272 cost recovery in 2018 and 2019, respectively. On January 1, 2020, the asset was sold for $180,000.
A. The adjusted basis of the asset at the end of 2019 is $____.
B. The cost recovery deduction for 2020 is $____.
C. The____on the sale of the asset in 2020 is $____.

In 2014, Lena assigned a paid-up whole life insurance policy to an Irrevocable Trust for the benefit of her three children. Lena died in 2018, and the face value of the whole life insurance policy of $2,000,000 was paid to the Irrevocable Trust. Regarding this transfer, how much is included in Lena’s gross estate at her death? A. $0 B. $45,000 C. $2,000,000 D. $1, 955,000

Graham, Inc.'s April bank statement shows an April 30 balance of $5,120. Prior to reconciliation, its books show a cash balance of $5,510. ThIs information pertains to Graham, Inc.: Deposits in transit $800; Checks outstanding $465; Bank service charge $10; Error in Graham's records understating cash disbursement $180; Check of another company charged erroneously against Graham's bank account $115; Bank statement shows bank collected a note receivable and interest income for Graham $250. The reconciled cash balance at April 30 on the bank reconciliation should be:

Tangshan Mining Company must choose its optimal capital structure. Currently, the firm has a 40 percent debt ratio and the firm expects to generate a dividend next year of $4.89 per share and dividends are expected to grow at a constant rate of 5 percent for the foreseeable future. Stockholders currently require a 10.89 percent return on their investment. Tangshan Mining is considering changing its capital structure if it would benefit shareholders. The firm estimates that if it increases the debt ratio to 50 percent, it will increase its expected dividend to $5.24 per share. Because of the additional leverage, dividend growth is expected to increase to 6 percent and this growth will be sustained indefinitely. However, because of the added risk, the required return demanded by stockholders will increase to 11.34 percent. (a) What is the value per share for Tangshan Mining under the current capital structure

Most consumers and investors today want the firms they do business with to look beyond just the profit motive. In fact, they want firms that behave legally and ethically while also giving back to their communities via philanthropic activities. The framework that attempts to reconcile these wants is known as