If the effective annual rate of interest is known to be 16.08% on a debt that has quarterly payments, what is the annual percentage rate?

Answer:

$36,800

Explanation:

The total amount of interest expense included in the first annual principal

= Principal's balance × yearly interest rate

= $320,000 × 11.5%

= $36,800

The principal's balance after the first payment is

= $320,000 - $36,800

= $283,200

The interest expense included in the second payment is

$283,200 × 11.5%

= $32,568

The question is incomplete as it is missing the options. The complete question is,

A company factored $45,000 of its accounts receivable and was charged a 4% factoring fee. The journal entry to record this transaction would include a:

a. Debit to Cash of $45,000 and a Credit to Account Receivable of $45,000

b. Debit to Cash of $46,800 and a Credit to Account Receivable of $46,800

c. Debit to Cash of $45,000 and a Credit to Notes Payable of $45,000

d. Debit to Cash of $45,000, a Debit to Factoring Fee Expense of $1800, and Credit to Account Receivable of $43,200

e. Debit to Cash of $43,2000, a Debit to Factoring Fee Expense of $1,800, and Credit to Account Receivable of $45,000

Answer:

The correct answer is option e.

Explanation:

Factoring accounts receivables means selling the claims on accounts receivables to a third party in exchange of cash. Such factoring is done to receive payment for these accounts receivables instantly and selling the claims to some other company. The factoring company charges a certain portion of accounts receivable as fee and only provides cash after deducting this percentage. This fee is an expense for a company using factoring service and is debited.

So the general entry to record factoring would be,

Cash                                       43200 Dr

Factoring fee                         1800 Dr

       Accounts receivables                 45000    Cr

Cash = 0.96 * 45000 = 43200

Factoring fee = 45000 * 0.04 = 1800

Answer: c. If the risk-free rate remains unchanged but the market risk premium increases by 2%, Gretta's portfolio's required return will increase by more than 2%.

Explanation:

To prove the above option, the Capital Asset Pricing Model can be used.

Required Return = Risk free rate + portfolio beta(market premium)

Portfolio Beta

This the weighted average of the individual betas.

Total portfolio value = 700,000 + 300,000 = $1,000,000

= ( 1.2 * 700,000/1,000,000) + ( 0.8 * 300,000/1,000,000)

= 0.84 + 0.24

= 1.08

Required return = 6% + 1.08 ( 5%)

= 6% + 5.4%

= 11.4%

Assuming risk-free rate remains unchanged but the market risk premium increases by 2%.

Required return = 6% + 1.08 ( 5% + 2%)

= 6% + 7.56%

= 13.56%

The change in required return

= (13.56% - 11.4%)/11.4%

= 18.9%

Proving that if the risk-free rate remains unchanged but the market risk premium increases by 2%, Gretta's portfolio's required return will increase by more than 2%.

Answer:

Total Manufacturing Costs is $95,680

Explanation:

                        Wyckam Manufacturing Inc.

              Planning Budget for Manufacturing costs

                       For the month Ended June 30

Direct Materials      (4,200 hours *$5.40)                    $22,680

Direct Labor                  Fixed                                        $42,400

Supplies                  (4,200 hours * $0.25 )                   $1,050

Utilities                   ($1,700+ 4,200 Hours * $0.25)      $2,750

Depreciation                  Fixed                                        $15,200

Insurance                       Fixed                                        $11,600

Total Manufacturing Costs                                         $95,680

Answer:

d. multiple firms would likely each have to pay large fixed costs to develop their own network of pipes.

Explanation:

Option a is wrong because:

The initial investment is very high, therefore, the more firms competing will only increase the required investments and fixed costs associated with them, e.g. depreciation, maintenance. That is why the lowest average costs is generally achieved when only one firm serves this type of market.

Option b is wrong because:

A natural monopoly exists because it is extremely difficult for two or more competing firms to exist. Generally the required investment is very high, and the revenues are not large enough to allow two or more firms to compete.

Option c is wrong because:

Utilities require large initial investments, but once they are set up, the production costs are very small. I.e. the fixed costs are more relevant than the variable costs. Average production costs as decrease as the quantity produced increases.

Answer:

c. The Berne Convention Implementation Act of 1988.

Explanation:

This was put into force in the United States of America in the year 1988 even though its laws were been vehemently upheld from the next year. This was a law put in place to be a guide to a lot of United States citizens who are known to ply their trades in the literary and also artistic sphere. It was seen as a protection agency to writers and artists in literary world. Their work at this early stages may have been performed only pursuant to appropriate domestic law. Also, in a bid to make this law a better one, it was said to be amended together with the law as it exists on the date of the enactment of this law been amended, satisfy the obligations to the citizens of the US.

Answer:

10.6%

Explanation:

Calculation for the required return

Using this formula

Required return=(Dividend payment/Stock per share)+Anticipated growth rate

Let plug in the formula

Required return =($2.90 per share/$49.40 per share)+0.0475

Required return=0.05870+0.0475

Required return =0.106*100

Required return =10.6%

Therefore the Required return will be 10.6%

Answer:

Use the equation for total return:

total stock return= (P1-P0)+D/P0

P0=Initial Stock Price

P1=Ending Stock Price (Period One)

D=Dividends

-3.15%---Percentage of total return

Dividend Yield-2.41%

Capital Gains-- -5.56%

Answer:

True.

Explanation:

The 2019 Budgetary Comparison Schedule will include the $25,000 whether or not the encumbrances lapse at the year-end, either as outstanding encumbrances or settled encumbrances.  These $25,000 encumbrances are budget reservations of appropriations so that they can be used to settle specified expenditures in the future.  The purpose of making these reservations is to signal that the expenditures have been earmarked so that their cash allocations are not used for other purposes.

Answer:

Long term liabilities.

Explanation:

This can be easily or mostly be used in companies and also firms. In most cases they are been tagged a non-current liability.

They are generally defined to be obligations that are not been settled for/paid off in the current year or accounting period. Therefore, debts of this kind are not due within a year. Dept of this kind ranges from notes payable to bonds payable, also mortgages and are also seen as leases in a company settings.

In as much as this is not good for a company's financial health, investors and creditors see how the company is financed through this. Current obligations are seen to be more risky than non-current debts because they will need to be paid sooner.

Answer:

True

Explanation:

They are trying to win over customers by comparing each others features in a competition

Competitive advertising is demonstrated by the Sprint vs. Verizon adverts, which compare the functionality and pricing of the two networks. So, it is a true statement.

Competitive advertising is the act of showcasing or promoting one's product in comparison to the product of another company.

This form of marketing can be used to target customers who are devoted to the other brand, prompting them to reassess their purchasing patterns.

The three types of competitive advertising are:

For more information about competitive advertising, refer below

https://brainly.com/question/3463451

Answer:

1 = A

2 = C

3 = C

4 = C

5 = B

Explanation:

This would actually depend on how the organization is set up and what type of business it is, but I believe these would be the most likely centers responsible for the difference

Answer:

b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.

Explanation:

The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.

The Porter's five forces of competition framework are:

1. The bargaining power of suppliers.

2. The bargaining power of customers.

3. Threat posed by substitute products.

4. Threats posed by new entrants.

5. Threats posed by existing rivals in the industry.

The most powerful of the five competitive forces is usually the competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage. When the amount of competitors (sellers), as well as the quantity of goods and services they provide are large, the lesser their competitive strengths or advantage in the market because the customers have a large pool of finished goods and services to choose from and vice-versa.

Answer:

a. They will have to save $5,245.28 each year to reach their goal of $170,000.

b. They will have to save $925.63 less to reach their new goal of $140,000.

Note: The answer to part b is based on the information in the question. Therefore, the correct answer is "they will have to save $925.63 less" not  "save more" as suggested in the question. Kindly confirm this from your teacher.

Explanation:

a. How much would they have to save each year to reach their goal?

Since the saving started on your first birthday to have $170,000 saved, it implies the saving will be on your every birthday for 18 years. Therefore, the relevant formula to use to determine this is the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV = Future value of the amount after your 18th birthday = $170,000

M = Yearly saving to have $170,000 = ?

r = interest rate = 6.5%, 0.065

n = number of years this savings will be made = 18

Substituting the values into equation (1) and solve for M, we have:

$170,000 = M * {[(1 + 0.065)^18 - 1] / 0.065}

$170,000 = M * 32.4100673759666

M = $170,000 / 32.4100673759666

M = $5,245.28

Therefore, they will have to save $5,245.28 each year to reach their goal of $170,000.

b. If they think you will take five years instead of four to graduate to graduate and decide to have $140,000 saved just in case, how much more would they have to save each year to reach their new goal?

First, we have to calculate how much they will save each year, by also using the Future Value (FV) for calculating an Ordinary Annuity as follows:

FVn = Mn * {[(1 + r)^n - 1] / r} ................................. (1)

Where,

FV1 = New future value of the amount after your 18th birthday = $140,000

M1 = New yearly saving to have $140,000 = ?

r = interest rate = 6.5%, 0.065

n = number of years this savings will be made = 18

Substituting the values into equation (1) and solve for M1, we have:

$140,000 = M1 * {[(1 + 0.065)^18 - 1] / 0.065}

$140,000 = M1 * 32.4100673759666

M1 = $140,000 / 32.4100673759666

M1 = $4,319.65

Therefore, they will have to save $4,319.65 each year to reach their goal of $140,000.

To obtain difference in yearly savings, we have:

Difference in yealy saving = M - M1 = $5,245.28 - $4,319.65 = $925.63

Since $5,245.28 each year to reach their goal of $170,000 is greater than $4,319.65 each year to reach their goal of $140,000, it therefore implies that they will have to save $925.63 less to reach their new goal of $140,000.

Answer:

COGS= $130,000

Explanation:

Giving the following information:

A retail operation has an average gross margin of 35%.

Sales= $200,000.00

To calculate the cost of goods sold, we need to use the following formula:

Gross margin= sales - COGS

COGS= sales - gross margin

COGS= 200,000 - (200,000*0.35)

COGS= $130,000

Answer:  C.  narrow-based calls

Explanation:

Narrow based calls would include calls from one industry. The mutual fund is an "High technology" firm which means that it is a narrow based fund for instance as it is interested only in one industry being the High Tech industry.

The manager should invest in Narrow based calls that focus on the sector if he anticipates that the market will remain flat for the sector. Narrow based Calls are more volatile because they are specific and with the volatility comes higher premiums to be charged.

Should he wish to make income against the portfolio, he should sell these knowing that the options will not be called as the market will remain flat.

Answer:

Undue influence on the subjects

Explanation:

An institutional Review Board (IRB) can be said to be a type of committee that uses research ethics by reviewing the   procedures (methods) to be used (proposed) for research a studies  to ensure that they are ethical.

According to federal regulations of expedited review of a new, proposed study can only  be used by the IRB if only the study involves no more than minimal risk and meets one of the allowable categories of expedited review specified in federal regulations. Usually, being involved in the research  studies is voluntary, but if you choose to take part, you waive the right to legal redress for any research-related injuries. IRB will be most concerned about the possibility of Undue influence on the subjects is critical to the research studies.

Answer:

(a) in the ratio of their initial capital investments, which they have agreed will be $42,000 for Watts and $63,000 for Lyon:

                                          Year 1            Year 2           Year 3

Net Income / (Loss)        ($36,000)       $90,000       $150,000

Watts 40%                          (14,400)         36,000           60,000

Lyon 60%                          (21,600)          54,000          90,000

(b) in proportion to the time devoted to the business:

                                         Year 1            Year 2           Year 3

Net Income / (Loss)        ($36,000)       $90,000       $150,000

Watts 1/3                            (12,000)         30,000           50,000

Lyon 2/3                           (24,000)         60,000          100,000

(c) a salary allowance of $6,000 per month to Lyon and the balance in accordance with the ratio of their initial capital investments:

                                                  Year 1            Year 2           Year 3

Net Income / (Loss)                ($36,000)       $90,000       $150,000

Less Salary                               (72,000)         (72,000)         (72,000)

Distributable Income/(Loss)   (108,000)        $18,000         $78,000

Watts  40%                             ($43,200)          $7,200          $31,200

Lyon:

  Salary                                     72,000           72,000           72,000

  Distributable 60%                (64,800)           10,800           46,800

  Net share                              $7,200         $82,800        $118,800

(d) a salary allowance of $6,000 per month to Lyon, 10% interest on their initial capital investments, and the balance shared equally:

                                                  Year 1            Year 2           Year 3

Net Income / (Loss)                ($36,000)       $90,000       $150,000

Less Salary                               (72,000)         (72,000)         (72,000)

Less Interest on Capital           (10,500)         (10,500)          (10,500)    

Distributable Income/(Loss)   (118,500)            7,500            67,500

Watts:

 Interest on Capital                     4,200             4,200             4,200

 Distributable income 40%      (47,400)            3,000           27,000

 Share of profit or loss          ($45,400)          $7,200         $31,200

Lyon:

  Salary                                     72,000           72,000           72,000

  Interest on Capital                  6,300              6,300             6,300

  Income/Loss 60%                  (71,100)            4,500           40,500

  Net share                              $7,200         $82,800        $118,800

Explanation:

a) Data and Calculations:

Net Income of Loss:

Year 1 = $36,000 loss

Year 2 = $90,000

Year 3 = $150,000

Sharing plans:

a) Capital:

Watts $42,000  = $42,000/$105,000 = 40%

Lyon $63,000  = $63,000/$105,000 = 60%

b) Time devotion:

Watts 1 = 1/3 or 33%

Lyon 2 = 2/3 or 67%

c) a salary allowance of $6,000 per month to Lyon and the balance in accordance with the ratio of their initial capital investments:

Distributable Income / Loss:

Year 1 = ($36,000) - $72,000 = ($108,000)

Year 2 = $90,000 - $72,000 = $18,000

Year 3 = $150,000 - $72,000 = $78,000

Answer:

Must be added to the book balance.

Explanation:

The correct treatment would be to add this value to book balance because the bank has increased our bank balance by the note and interest amount. This must be accounted for as increase in the book balance because we have borrowed money and also that yearly interest income was also added to our bank checking account.

Hence it must be added to cash book balance in order to reconcile with the bank balance.

Answer:

4%

Explanation:

The rule of 72 is used to calculate the number of years it takes for GDP to double

72 / growth rate =  number of years

18 = 72 / growth rate

growth rate = 72 / 18 = 4%

Answer:

d. Corporation

Explanation:

The Corporation is the business form of an organization in which it has the separate legal entity from its owners. Also, there is a limited liability towards any debt that invested in the business and whenever the person think for an organization so he thinks for the long term

Here in the given situation, the corporation is the best choice as it it has the limited liability of the amount invested

Hence, the correct answer is d.

Answer:

Kohler Corporation

a. Journal Entries:

Jan.1:

Debit Treasury Stock $55,000

Debit Paid-in Capital In Excess of par $27,500

Credit Cash Account $82,500

To record the purchase of 5,500 shares of treasury stock at $15 per share.

Jan. 5:

Debit Dividends $138,000

Credit Dividends Payable $138,000

To record the declaration of a $4 per share cash dividend on 34,500 shares.

Feb. 28:

Debit Dividends Payable $138,000

Credit Cash Account $138,000

To record the payment of dividend.

July 6:

Debit Cash Account $39,197

Credit Treasury Stock $20,630

Credit Paid-in Capital In Excess of par $18,567

To record the resale of 2,063 treasury shares at $19 per share.

Aug. 22:

Debit Cash Account $41,244

Credit Treasury Stock $34,370

Credit Paid-in Capital In Excess of par $6,874

To record the resale of 3,437 treasury shares at $12 per share.

Sept. 5:

Debit Dividends $160,000

Credit Dividends Payable $160,000

To record the declaration of a $4 per share cash dividend on 40,000 shares.

Oct. 28:

Debit Dividends Payable $160,000

Credit Cash Account $160,000

To record the payment of the cash dividends.

Dec. 31:

Debit Income Summary $408,000

Credit Retained Earnings $408,000

To close the net income to the Retained Earnings.

b. Statement of Retained Earnings for the year ended December 31, 2010:

December 31, 2009 balance $270,000

Net Income                               408,000

Dividends                                (298,000)

December 31, 2010 balance $380,000

c. Stockholders' Equity Section of the Balance Sheet as of December 31, 2010:

Common stock—$10 par value:

100,000 shares authorized.

40,000 shares Issued and outstanding $400,000

Paid-in capital In excess of par value,

 common stock                                            57,941

Retained earnings                                     380,000

Total stockholders                                   $837,941

Explanation:

a) Data and Calculations:

Stockholders' Equity Section of the Balance Sheet as of December 31, 2009:

Common stock—$10 par value:

100,000 shares authorized.

40,000 shares Issued and outstanding $400,000

Paid-in capital In excess of par value,

 common stock                                           60,000

Retained earnings                                     270,000

Total stockholders                                  $730,000

b) Paid-in Capital In Excess of par:

December 31, 2009 balance  $60,000

Treasury stock:

January 1                                   (27,500)

July 6                                          18,567

Aug. 22                                        6,874

December 31, 2010 balance   $57,941

c) Kohler's treasury stock account is a contrary account to the common stock account.  It is recorded using any of the two methods: cost method or the par value method.  It is assumed that Kohler Corporation uses the  par value method with the above and below par values in treasury stock transactions recorded in the Paid-in Capital In Excess of par.  This is unlike the cost method that records all the treasury transactions in the Treasury Stock account at their cost effects.

Answer: did not change

Explanation:

From the question, we are informed that On May 1, 2010, Ziek Corp. declared and issued a 10% common stock dividend and that prior to this dividend, Ziek had 100,000 shares of $1 par value common stock issued and outstanding. We are further informed that the fair value of Ziek 's common stock was $20 per share on May 1, 2010.

As a result of this stock dividend, Ziek's total stockholders' equity did not change. The accounts involved belong to the stockholders' equity, therefore, there will be no change on the total stockholders equity.

Answer: No

Explanation:

The statute has already conferred the powers to both select a site for and to construct a monument on a federal agency which by extension is the Executive branch. The Executive should therefore have final say in the monument's location and design to enable them break ground as soon as the necessary funds have been appropriated.

To still include a provision that the funds may not be expended until both houses of Congress have given further approval amounts to interference with an executive function rendering it unconstitutional as the powers of the Executive and the Legislative are to be separated.

Answer:

inflation rate= 0.06= 6%

Explanation:

Giving the following information:

Interest rate= 12%

Real rate of return= 6%

The inflation rate is counterproductive to the interest rate. The inflation rate reduces the purchasing price, therefore it decreases the interest rate effect on nominal money.

Real interest rate= interest rate - inflation rate

0.06 = 0.12 - inflation rate

inflation rate= 0.12 - 0.06

inflation rate= 0.06= 6%

Answer:

Dividend = $2.34

Explanation:

Purchase Price = $55.20

Loss on stock = 18.63% of $55.20 = $10.28

Capital Loss = $12.62

Dividend = Capital Loss - Total Loss

Dividend = $12.62 - $10.28

Dividend = $2.34

Answer:

11.74% ; 11.38%; 11.01%

Explanation:

Given the following :

Arithmetic return (Ar) = 11.9%

Geometric return (Gr) = 9.9%

N = 86 years = Past period

A) Return in the next 8 years

T = future period = 8 years

Return = (T - 1) / (N - 1) * Geometric average + (N - T) / (N - 1) * Arithmetic average.

Return = (8 - 1) / (86 - 1) * 0.099 + (86 - 8) / (86 - 1) * 0.119

(0.0823529 * 0.099) + (0.9176470 * 0.119)

= 0.1173529301

= 0.1173529301 * 100 = 11.74%

B) over the next 23 years

T = 23 years

Return = (T - 1) / (N - 1) * Geometric average + (N - T) / (N - 1) * Arithmetic average.

Return = (23 - 1) / (86 - 1) * 0.099 + (86 - 23) / (86 - 1) * 0.119

(0.2588235 * 0.099) + (0.7411764 * 0.119)

= 0.1138235181

= 0.1138235181 * 100 = 11.38%

C.) over 39 years

F = 39 years

Return = (T - 1) / (N - 1) * Geometric average + (N - T) / (N - 1) * Arithmetic average.

Return = (39 - 1) / (86 - 1) * 0.099 + (86 - 39) / (86 - 1) * 0.119

(0.4470588 * 0.099) + (0.5529411 * 0.119)

= 0.1100588121

= 0.1100588121 * 100 = 11.01%

Answer:

    Variance = 5.44

Explanation:

The variance of a portfolio is a measure of the deviation of the returns of the assets making up the portfolio. Using the standard deviation, the variance can be worked out.

Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks.

Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .

The variance would be determined as follows:

Variance = Sum of  P×(R- r )^2  

P- probality

R- return on each asset

r- Expected return on portfolio

r =( Wa*Ra) + (Wb*Rb)

Expected return (r) = (9% × 0.68 ) + (4% × 0.32) = 7.4 %

Outcome                 R          (R- r )^2             P×(R- r )^2  

Recession              9              2.56                1.74

Boom                     4             11.56                3.70

Total                                                            5.44

Variance = Sum of  P×(R- r )^2  

    Variance = 5.44

Answer and Explanation:

The computation of composite score for each location is shown below:-

Composite score for A is

= 0.15 × 89 + .20 × 75 + 0.18 × 92 + 0.27 × 92 + 0.10 × 93 + 0.10 × 90

= 88.05

 Composite score for B is

= 0.15 × 78 + .20 × 93 + 0.18 × 90 + 0.27 × 93 + 0.10 × 97 + 0.10 × 96

= 90.91

Composite score for C is

= 0.15 × 84 + .20 × 98 + 0.18 × 87 + 0.27 × 82 + 0.10 × 84 + 0.10 × 95

= 87.90

Therefore for computing the composite score for each location we simply multiply weight with A location and in the same manner of A, B and C

b. The maximum composite score from A, B and C is B

Answer:

Family

Explanation:

Because the person's mother needs medical attention and the mother is family, she would be influenced by family