Answer:
Wow nice book I dont have tine to read that sorry hope you have a nice day
Explanation:
it's just so big how did you manage that
It needs 3,000 parking spaces, with a fee of $6 per day and more spaces are required for 2,000 people.
A parking permit is a pre-printed card that has been provided by various municipal authorities that a resident (or their guest) can display in their vehicle when parking in a certain spot along the side of the road.
(a) If students pay for a permit, and not a daily fee:
the demand equation is Qd = 10,000 and Qs = 16,000
So, the shortage is
= 10,000 - 7,000
= 3,000 parking spaces
(b) If the university charges a daily fee so the equation will be
Qd = Qs
10,000 - 500P = 7,000
3,000 = 500P
P = $6 per day
(c) An increase in demand will be
Qd = 12,000 - 500P
To keep the price at $6
Qs = 12,000 - 500 × (6)
= 9,000
now,
More spaces required is
= 9,000 - 7,000
= 2,000
Therefore, All solutions are stated above.
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For each of the following independent cases, use FIFO costing to determine the information requested. Required: a. In the beginning inventory, 5,000 units were 40 percent complete with respect to materials. During the period, 40,000 units were transferred out. Ending inventory consisted of 7,000 units that were 70 percent complete with respect to materials. How many units were started and completed during the period
Answer:
$35,000
Explanation:
Units started and completed means that out of the units completed and transferred, how many were started during the period. This figure is calculated in physical terms only. So there is no need to express any units in their equivalents.
So, this gives us an idea of how to calculate this :
Units started and completed = Units Completed and Transferred - Units in Beginning Work in Process
therefore,
Units started and completed = 40,000 units - 5,000 units = $35,000
FIFO that stands for first in first out is termed as the accounting method that calculates the depreciated amount of the assets over a period of time. It operates with the assumption that the leftover stock contains the parts of the stock that was last purchased.
35,000 units were started and completed during the period.
The term "units begun and finished" refers to how many units were started and completed during the time. This number would be only calculated in physical units. As a result, no units must be expressed in their equivalents.
The formulae to calculate the units of the beginning and the end is:
Units started and completed = Units Completed and Transferred - Units in Beginning Work in Process
Therefore,
Units started and completed = 40,000 units - 5,000 units = 35,000 units
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Laura smiles as her employees file into the meeting room of the small vet clinic for their weekly staff meeting. Laura has owned the clinic for the last 20 years, but next week will be her last week as owner before she retires and her son Matthew and his wife Ayla take over the clinic. During the meeting, her team members provide Laura with status updates on the work they've been doing. Laura learns that her team has successfully completed their current project. The team members have now dispersed to focus on other projects or responsibilities. Which stage of team development does this represent
Answer:
Adjourning
Explanation:
The adjourning is the stage where the team would be disperse when the project is finished
As in the given situation, since Laura's team has completed the project and they are moved to the other responsibilities
So as per the given situation, the team development represent the adjourning stage
hence, the same is relevant and considered too.
Big Ideas: The following Big Ideas are intended to provide clear focus and purpose to the lessons. Read each statement and think about how what you have learned will affect your current and future decisions.
1. Personal finance is 80% behavior and 20% head knowledge.
2. Many Americans are buried in debt.
3. Learn the language of money!
Answer:
Overall, each idea provides the notion that you need to learn about financial education and how financial security will impact a person's present and future life.
Explanation:
1- Personal finances correspond to 80% of behavior and 20% of head knowledge, due to the fact that it is important to learn about financial education in theory, but it is the set of balanced actions on how to deal with money that will impact fact about your financial life. That is, how you deal with the money you have is what it dictates if you have financial intelligence.
2- Many Americans are buried in debt many times for not seeking specific knowledge about finance, or for having the knowledge but not applying it. It is necessary for society to be aware of the importance of knowing how to manage your money, how to make investments, how to consume healthily and how to deal with your money in an advantageous way.
It is also necessary that there is more information available on financial education in social institutions and that this concept be more widely disseminated and discussed in society.
3- Learning the language of money means knowing how to manage your money. People often make harmful financial decisions without being aware of the impact that such decisions will have on their present and future. Knowing how much you earn, how much you spend and how much you save, is essential to keeping your finances balanced.
People can start by creating monthly spreadsheets to control their spending, there are several ways to know where your money is going and if it matches your life goals.
There is also a lot of information available on the internet about investments, how to invest in the short and long term and how to make money effectively.
Suppose 70% of all companies are classified as small companies and the rest as large companies. Suppose further, 82% of large companies provide training to employees, but only 18% of small companies provide training. A company is randomly selected without knowing if it is a large or small company; however, it is determined that the company provides training to employees.
What are the prior probabilities that the company is a large company or a small company? (Round the answers to 2 decimal place.)
p(small) =
p(large) =
What are the revised probabilities that the company is large or small? (Round your answers to 4 decimal places.) p(small) =
p(large) =
Based on your analysis, what is the overall percentage of companies that offer training? (Round your answer to 1 decimal place.)
Percentage = %
Answer:
a) p(small) = 0.126
p(large) = 0.246
b) p(small) = 0.6613
p(large) = 0.3387
c) 37.2%
Explanation:
A) determine that the company picked is a large company or small company
condition : the company provides training to its employees
Given data:
p( small ) = 0.7, p( large ) = 0.3, p( training ∩ small ) = 0.18, p( training ∩ large ) = 0.82 , p( No-training ∩ small ) = 0.82 , p( no-training ∩ large ) = 0.18
A) hence the probability of picking a small company that provides training
P( small | training ) = P(Training ∩ Small)* P(Small) = 0.18 * 0.7 = 0.126
Probability of picking a large company that provides training
P( large | training ) = P(training ∩ Large) *P(Large) = 0.82 * 0.3 = 0.246
B) Determine the revised probabilities that company picked is large or small
Revised probability for a large company; P( large | training )
P(Large | training) = P(Large ∩ training) / P(training)
= 0.246 / ( 0.126 + 0.246 ) = 0.6613
P( small | training ) = P( small ∩ training ) / P(training )
= 0.126 / ( 0.126 + 0.246 ) = 0.3387
C) Overall percentage of companies that offer training
p( training ) = 0.126 + 0.246 = 0.372 = 37.2%
In July, 2013 the consulting firm Mercer released results from a survey where workers in the U.S. expected a 2.9% increase in pay in 2014. Assuming this occurs and it was the only development in the labor market that year, how would this affect the AS curve
Answer:
A 2.9% pay increase in 2014 for U.S. workers will cause the AS (aggregate supply) curve to shift inward in the short-run, signaling a decline in the quantity supplied.
Explanation:
The supply quantity declines because a pay increase increases suppliers' cost of production and reduces their ability to produce more goods and services. On the contrary, a fall in workers' pay causes the aggregate supply curve to shift outward, thereby increasing the quantity supplied. In the long-run, the pay increase will increase aggregate demand, thereby pushing prices to increase, while, at the same, suppliers try to increase the quantity supplied to meet with increased prices and demand.
Question 8
The economic theory of scarcity states that because resources are limited, people have to do which of the following?
А
make choices
B
borrow money
С
share with others
D
pay taxes
Answer:
A
Explanation:
people have to make choice due to limited (opportunity cost)
The economic theory of scarcity states that because resources are limited, people have to make choice. Option (a) is correct.
What do you mean by Scarcity?One of the fundamental ideas in economics is scarcity. It indicates that there is a gap between the supply and demand for an item or service. As a result, scarcity may restrict the options available to consumers, who in the end drive the economy.
An economic theory that describes the price link between dynamic supply and demand is the scarcity principle. The scarcity principle states that when an item has a low supply and a high demand, its price rises to accommodate the anticipated demand.
Economic scarcity is primarily caused by structural, supply- and demand-induced factors. Demand-induced refers to situations where demand increases despite a stable supply.
Therefore, Option (a) is correct. The economic theory of scarcity states that because resources are limited, people have to make choice.
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The before-tax income for Lonnie Holdiman Co. for 2020 was $101,000 and $77,400 for 2021. However, the accountant noted that the following errors had been made: 1. Sales for 2020 included amounts of $38,200 which had been received in cash during 2020, but for which the related products were delivered in 2021. Title did not pass to the purchaser until 2021. 2. The inventory on December 31, 2020, was understated by $8,640. 3. The bookkeeper in recording interest expense for both 2020 and 2021 on bonds payable made the following entry on an annual basis. Interest Expense 15,000 Cash 15,000 The bonds have a face value of $250,000 and pay a stated interest rate of 6%. They were issued at a discount of $15,000 on January 1, 2017, to yield an effective-interest rate of 7%. (Assume that the effective-yield method should be used.) 4. Ordinary repairs to equipment had been erroneously charged to the Equipment account during 2017 and 2018. Repairs in the amount of $8,500 in 2017 and $9,400 in 2018 were so charged. The company applies a rate of 10% to the balance in the Equipment account at the end of the year in its determination of depreciation charges.
Required:
Prepare a schedule showing the determination of corrected income before taxes for 2017 and 2018.
Answer:
Lonnie Holdiman Co.
A Schedule showing the determination of the corrected income before taxes for 2020 and 2021:
2020 2021
Before-tax income $101,000 $77,400
1. Excess Sales revenue (38,200) 38,200
2. December 31, 2020 Inventory understated 8,640 (8,640)
3. Amortized bonds discount not expensed (1,776) (1,901)
4. Equipment repairs not expensed (8,500) (9,400)
5. Overstated depreciation from capitalized
Equipment repairs 850 940
Corrected income before taxes $62,014 $96,599
Explanation:
a) Data and Calculations:
Before-tax income for 2020 = $101,000
Before-tax income for 2021 = $77,400
1. 2020 Sales Revenue $38,200; 2021 Sales Revenue $38,200
2. 2020 Understated inventory $8,640; 2021 Understated inventory $8,640
3. 2020 Unstated bonds interest expense $1,776
2021 Unstated bonds interest expense $1,901
4. 2020 Unstated equipment repairs $8,500 Overstated Equipment account $8,500
2021 Unstated equipment repairs $9,400 Overstated Equipment account $9,400
2020 Overstated Depreciation expense $850
2021 Overstated Depreciation expense $940.
Bonds Calculations:
Bonds outstanding value:
Bond's face value = $250,000
Discount = 15,000
Proceeds from bonds = $235,000
Bonds coupon payment = $15,000 ($250,000 * 6%)
Bonds Interest expense = $16,450 ($235,000 * 7%)
Amortized discount = $1,450
December 31, 2017:
Bonds coupon payment = $15,000 ($250,000 * 6%)
Bonds Interest expense = $16,450 ($235,000 * 7%)
Amortized discount = $1,450 ($16,450 - $15,000)
Outstanding value = $236,450 ($235,000 + 1,450)
December 31, 2018:
Bonds coupon payment = $15,000 ($250,000 * 6%)
Bonds Interest expense = $16,552 ($236,450 * 7%)
Amortized discount = $1,552 ($16,552 - $15,000)
Outstanding value = $238,002 ($236,450 + 1,552)
December 31, 2019:
Bonds coupon payment = $15,000 ($250,000 * 6%)
Bonds Interest expense = $16,660 ($238,002 * 7%)
Amortized discount = $1,660 ($16,660 - $15,000)
Outstanding value = $239,662 ($238,002 + 1,660)
December 31, 2020:
Bonds coupon payment = $15,000 ($250,000 * 6%)
Bonds Interest expense = $16,776 ($239,662 * 7%)
Amortized discount = $1,776 ($16,776 - $15,000)
Outstanding value = $241,438 ($239,662 + 1,776)
December 31, 2021:
Bonds coupon payment = $15,000 ($250,000 * 6%)
Bonds Interest expense = $16,901 ($241,438 * 7%)
Amortized discount = $1,901 ($16,901 - $15,000)
Outstanding value = $243,339 ($241,438 + 1,901)
Depreciation on Capitalized Equipment Repairs:
Excess depreciation expense:
2020 = $850 ($8,500 * 10%)
2021 = $940 ($9,400 * 10%)
Maria had net sales (all on account) in 2020 of $800000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $1120000 debit, and allowance for doubtful accounts $2010 debit. Maria estimates that 4% of its accounts receivable will prove to be uncollectible. What is the net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020
Answer:
$1,075,200
Explanation:
Calculation to determine the net amount expected to be collected of the receivable reported on the financial statements at Dec. 31, 2020
First step is to calculate the Estimated uncollectible
Estimated uncollectible = 4% x $1,120,000
Estimated uncollectible= $44,800
Second step is to calculateThe bad debts expense in 2020
Bad debts expense= $44,800 + $2,010
Bad debts expense = $46,810
Preparation of The adjustment entry:
Debit Bad debts expense $46,810
Credit Allowance for doubtful accounts $46,810
Third step is to calculate the Balances in Allowance for doubtful accounts
Balances in Allowance for doubtful accounts=$46,810-$2010
Balances in Allowance for doubtful accounts=$44,800 credit
Now let calculateThe net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020:
Using this formula
Net amount expected to be collected =Balances in Accounts receivable - Balances in Allowance for doubtful accounts
Let plug in the formula
Net amount expected to be collected = $1,120,000 - $44,800
Net amount expected to be collected = $1,075,200
Therefore the net amount expected to be collected of the receivable reported on the financial statements at Dec. 31, 2020 will be $1,075,200
A company's current assets are $30000 and current liabilities are $19000. Calculate the company's current ratio as a percentage. Does the company have enough assets to pay its liabilities?
Answer:
Current Ratio (in %) = 157.89473684211% rounded off to 157.89%
The current ratio of 157.89% means that the company has 157.89% of current assets to pay off 100% or all of its current liabilities. To understand it better, we can say that to pay off every $1 of current liability, the company has $1.5789 of current assets. Thus, the company has enough current assets to pay off its current liabilities.
Explanation:
The current ratio is a measure of liquidity of a business. It is calculated by dividing the current assets by the current liabilities of the company. To express current ratio in a percentage form, we use the following formula,
Current Ratio (in %) = [Current Assets / Current Liabilities] * 100
Current Ratio (in %) = [30000 / 19000] * 100
Current Ratio (in %) = 157.89473684211% rounded off to 157.89%
Answer:
Part 1
1.58
Part 2
the company does not have enough assets to pay its liabilities.
Explanation:
Current ratio = Current Assets ÷ Current Liabilities
therefore,
Current ratio = $30000 ÷ $19000 = 1.58
conclusion
A current ratio of above 2.0 is usually preferred, therefore the company does not have enough assets to pay its liabilities.
Combined Communications is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 15 percent a year for the next 4 years and then decreasing the growth rate to 3.5 percent per year. The company just paid its annual dividend in the amount of $0.20 per share. What is the current value of one share of this stock if the required rate of return is 15.5 percent
Answer:
Combined Communications
The current value of one share of this stock if the required rate of return is 15.5 percent is:
= $46.00.
Explanation:
a) Data and Calculations:
Annual dividend = $0.20
Expected growth rate for the next 4 years - 15%
Expected growth rate after 4 years = 11.5% (15% - 3.5%)
Required rate of return = 15.5%
Current Price of the share = Annual Dividend * (1 + Dividend Growth Rate)/ (Required rate of return - Dividend Growth Rate)
= ($0.20 * 1 + 0.15)/ (0.155 - 0.15)
= $0.23/0.005
= $46
Future Price after 4 years = ($0.23 * 1 + 0.115)/(0.155 - 0.115)
= $0.25645/0.04
= $6.41
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
Microeconomics Macroeconomics
The effect of federal government spending on
the national unemployment rate.
The effect of government regulation on a
monopolist's production decisions.
The optimal interest rate for the Federal
Reserve to target.
Answer:
The effect of federal government spending on
the national unemployment rate. macro
The effect of government regulation on a
monopolist's production decisions. micro
The optimal interest rate for the Federal
Reserve to targets -microeconomics
Andrews Company manufactures a line of office chairs. Each chair takes $12 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.30 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 610 chairs in ending inventory. There is no beginning inventory of chairs. Prepare a cost of goods sold budget for Andrews Company.
Answer and Explanation:
The preparation of the cost of goods sold budget is presented below:
Direct material ($12 × 20,000 chairs) $240,000
Direct labor ($16 × 1.9 × 20,000 chairs) $608,000
Variable overhead rate ($1.20 × 1.9 × 20,000 chairs) $45,600
Fixed overhead rate ($1.30 × 1.9 × 20,000 chairs) $49,400
Cost of goods manufactured $943,000
Add: opening inventory $0
Less: ending inventory (610 chairs × ($12 + ($16 × 1.9) + ($1.20 × 1.9) + ($1.30 × 1.9) -$41,278.70
Cost of goods sold $901,721.3
Deindustrialization affects the economic landscape of countries. Describe the change in the dominant economic sector during industrialization and during deindustrialization. Explain ONE spatial change in manufacturing employment patterns as a result of deindustrialization. Explain ONE likely outcome of deindustrialization in a region of manufacturing communities. Comparing the development of steel and the invention of the computer chip, explain how technological development drove economic change in both the Industrial Revolution and the transition to a service-based economy. Describe the significance of a growth pole in an urban or regional economy. Explain how post-Fordist methods of production have transformed operations at individual factories. Explain the degree to which least-cost theory predicts the local site-selection factors for the location of multinational service industry corporate offices.
Answer:
a. One spatial change in manufacturing employment patterns as a result of deindustrialization is production shift.
b. Companies may move their industrial activities and manufacturing jobs to areas with a lower cost of labor.
c. Some natural places could be deemed unfit for humans.
d. Facilitating the construction of railroads, bridges, tall buildings, larger ships, and other infrastructure, Powering service-sector industries such as information technology, financial services, retail, and education, all of which depend on the processing power and connectivity brought about by the computer chip.
e. A growth pole is significant to an urban economy as it will attract supporting businesses such as retail establishments, restaurants, and other service industries to the city or urban area on a local scale.
f. Post-fordism methods of production have transformed operation at individual factories by instead of workers working only one task all day and not being able to perform other tasks in the factory the workerscould now work multiple tasks and were not concealed to one specific area of work, this also made the workers more appealing to other factories and made it to where they could work other positions for more money and could not be so easily concealed for one spot.
Explanation:
A+
The aspects of deindustrialization lead to the economic effects that made changes in the dominant economic sectors.
What is de-industrialization ?The de-industrialization is social and the economic changes that were created due to the removal of the industrial capacity of activity.
The spatial changes in manufacturing employment patterns were a result of the process. The companies may move their industrial activities and manufacturing jobs towards a lower cost of labor. There are some natural places that would be unfit for humans. The construction of the railroads, bridges, the tall buildings, larger ships, etc.,
The growth pole of urban economy as it will attract supporting the businesses such as the retail establishments, restaurants, and other service industries to the city or urban area on a local scale. The post-Fordism methods gave made changes in the operation of individual factories.
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Stonewall Corporation issued $52,000 of 5%, 10-year convertible bonds. Each $1,000 bond is convertible to 10 shares of common stock (par $50) of Stonewall Corporation. The bonds were sold at 105 on January 1, 2020. Required a. Provide the entry for Stonewall Corporation on January 1, 2020, for the bond issuance. b. Provide entries for Stonewall Corporation assuming that the conversion privilege is subsequently exercised immediately after the end of the third year. Assume that at the date of conversion, 30% of any premium or discount has been amortized and the common stock was selling at $325 per share. Use the book value method. Note: List multiple debits or credits (when applicable) in alphabetical order.
Answer:
A January 1, 2020
Dr Cash $54,600
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
Cr Common stock $26,000
Cr Paid in capital in excess of Par $27,820
Explanation:
Preparation of the entry for Stonewall Corporation
A January 1, 2020
Dr Cash $54,600
($52,000+$2,600)
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
(5%*$52,000)
(To record issue of bonds for premium)
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
(100%-30%*$2,600)
Cr Common stock $26,000
(52*10*50)
Cr Paid in capital in excess of Par $27,820
($52,000+$1,820-$26,000)
(To record conversion of bonds into Common Stock)
Iona wrote her will. The following year, she wrote another will that expressly revoked the earlier will.Later, while cleaning house, she came across the second will. She mistakenly thought that it was the first will and tore it up because the first will had been revoked. Iona died shortly thereafter.The beneficiaries named in the second will claimed that the second will should be probated.The beneficiaries named in the first will claimed that the second will had been revoked when it was torn up. Had the second will been revoked?
Answer and Explanation:
In the given case, the second will would be destroyed non-intentionally by the testatrix that represent the person who writes the will. Also the second will would have be intended to revoke the first will
In addition to this, Testatrix intends the second will to be value also at the same time she dont want the first will to be probated
So the second will would be upheld because of testamentary motive.
Marginal Cost of Bikes $70 This graph shows the marginal costs of each bike, along with the market price. Select the correct answer from the options available. Based on this graph, at which level of production does the producer's profit stop increasing? $60 Market Price $50 $40 Marginal Cost O bike 4 O bike 5 O bike 6 $30 $20 O bike 7 $10 0 Bike 1 Bike 2 Bike 3 Bike 4 Bike 5 Bike 6 Bike 7
Answer:D) Bike 7
Explanation:
Answer:
D, bike 7
Explanation:
Oriole Company bought equipment for $420000 on January 1, 2021. Oriole estimated the useful life to be 4 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Oriole decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2022
Answer:
$63,000
Explanation:
Straight line method charges a fixed amount of depreciation for the period the asset is used in the business.
Depreciation Expense = (Costs - Salvage Value) ÷ Estimated useful life
therefore,
2021
Depreciation Expense = $420000 ÷ 4 = $105,000
2022
One month has already expired, therefore the remaining useful life out of 6 years will be 5.
New Depreciable Amount = Cost - Accumulated depreciation to date
= $420,000 - $105,000
= $315,000
Depreciation expense = $315,000 ÷ 5 = $63,000
Conclusion :
the revised depreciation expense for 2022 is $63,000
Masse Corporation uses part G18 in one of its products.
The company's Accounting Department reports the following costs of producing the 17,100 units of the part that are needed every year:
Per Unit
Direct materials $4.30
Direct labor 5.00
Variable overhead 8.00
Supervisor's salary 8.70
Depreciation of special equipment 9.30
Allocated general overhead 6.30
An outside supplier has offered to make the part and sell it to the company for $32.00 each.
If this offer is accepted, the supervisor's salary and all of the variable costs, including direct labor, can be avoided.
The special equipment used to make the part was purchased many years ago and has no salvage value or other use.
The allocated general overhead represents fixed costs of the entire company.
If the outside supplier's offer were accepted, only $23,100 of these allocated general overhead costs would be avoided.
In addition, the space used to produce part G18 could be used to make more of one of the company's other products, generating an additional segment margin of $33,000 per year for that product.
Required:
1. Calculate the effect on the company's total net operating income of buying part G18 from the supplier rather than continuing to make it inside the company.
2. Which alternative should the company choose?
Buy or Make
Answer:
Masse Corporation
1. The effect on the company's total net operating income of buying part G18 from the supplier rather than continuing to make it inside the company is an additional cost of $47,100.
2. Masse Corporation should continue to produce the part in-house. The "Make" alternative is better.
Explanation:
a) Data and Calculations:
Units of part G18 needed yearly = 17,100
Costs of production:
Direct materials $4.30
Direct labor 5.00
Variable overhead 8.00
Supervisor's salary 8.70
Total variable costs= $26 * 17,100 = $444,600
Avoidable general overhead cost = $23,100
Total avoidable costs = $467,100
Outside supplier's offered price for the part = $32 each
Total cost for the outside supply = $547,200 ($32 * 17,100)
Unavoidable fixed costs:
Depreciation of special equipment 9.30
Allocated general overhead 6.30 * 17,100 = $107,730
Unavoidable cost = $84,630 ($107,730 - $23,100)
b) The effect on the company's total net operating income of buying part G18 from the supplier rather than continuing to make it inside the company is an additional cost of $47,100 ($547,200 - $467,100 - $33,000).
IBM stock currently sells for 64 dollars per share. The implied volatility equals 40.0. The risk-free rate of interest is 5.5 percent continuously compounded. If you shorted an option on 100 shares of IBM stock with strike price 69 and maturity 9 months, how many shares of stock would you have to buy (sell) to create a delta-neutral hedge
Answer:
53.19
Explanation:
$64 per share
Implied volatility = 40.0
risk-free rate of interest = 5.5%
number of shares shorted ( N ) = 100
strike price = 69
with maturity = 9 months
Calculate number of shares of stocks you have to be buy(sell) to create a delta-neutral hedge
we will apply the Black Scholes Formula
= N [ (ln(64/69) + (5.5%+(40%)^2 / 2) * (9/12)) / (40%* √(9/12)) ]
= N [ (ln(64/69) + (0.055+(0.40)^2 / 2) * (9/12)) / (0.40* √(9/12)) ]
= N * 0.5319
Number of shares to create a delta neutral hedge = 100 * 0.5319 = 53.19
The number of shares of stock that the person would have to buy in order to be able to create a delta-neutral hedge will be 53.19.
The following can be depicted from the question:
Implied volatility = 40.0Risk-free rate of interest = 5.5%Strike price = 69Number of shares shorted = 100Therefore, the number of shares to create a delta-neutral hedge will be:
= N[(In64/69) + (5.5% + (40%)² / 2) × (9/12) / (40% × ✓0.75)]
= N[(In0.9275) + (0.055 + 0.40)² / 2) × 0.75 / (0.40 × ✓0.75)
= N × 0.5319
= 100 × 0.5319
= 53.19
Therefore, the number of shares of stock is 53.19.
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Sheffield Company is working on two job orders. The job cost sheets show the following.
Job 201 Job 202
Direct materials $7,150 $9,300
Direct labor 3,850 7,800
Manufacturing overhead 5,200 9,800
Required:
Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets.
Answer:
See below
Explanation:
A.
Work in process inventory Dr $16,450
------------- Raw material inventory
$7,150 + $9,300 Cr $16,450
B.
Work in process inventory Dr $11,650
Factory labor
-----------------$3,850 + $7,800 Cr $11,650
C.
Work in process inventory Dr $15,000
Manufacturing overhead
$5,200 + $9,800 Cr $15,000
Fran is a CPA who has a small tax practice in addition to working as the controller for a local manufacturing business. Fran runs her tax practice out of a 150-square foot office in her home where she meets clients and works on their tax returns and researches their tax issues. She meets the exclusive use test for this space. The gross income from her tax practice amounts to $7,500 for the year. Business expenses amount to $1,000. Based on square footage, $4,000 of Fran's mortgage interest and real estate taxes are allocable to the home office. The allocable portion of maintenance, utilities, and depreciation is $4,500. Assuming no other expenses related to the business were incurred, what amount of the maintenance, utilities, and depreciation is deductible by Fran
Answer:
$ 2,500
Explanation:
It is given that Franc is a certified public accountant(CPA) who is doing small tax practice in addition to the working as a controller of a local manufacturing business. The data provided in the question for his expenses includes maintenance, utilities and depreciation are of level 3 expenses that are limited to a taxable income remaining after allowing the direct business expenses and the mortgage and the real estate taxes.
Therefore, the income limit is = $ 7,500 - $ 1,000 - $ 4,000
= $ 2,500
Thus the allowance is limited to value of $ 2,500.
Lilly's team had trouble keeping up with all the changes being made to the specifications for the website. They would have greatly benefited from the concept of
A) transparency in the work process
B) outsourcing
C) shared calendars and task bars
D) personal productivity
Answer:
c
Explanation:
that way they all know what to do
Shared calendars and task bars could have greatly benefited Lilly's team to keep up with all the changes being made to the specifications for the website. Therefore, option B is correct.
What is an website?A website is a collection of related web pages that are accessible via the internet using a web browser. Websites are typically created and maintained by individuals, organizations, or businesses to provide information, sell products or services, or engage with their audience.
Websites can be static or dynamic, with static websites containing fixed content that rarely changes, and dynamic websites featuring interactive content that is updated regularly.
Websites can be accessed using a unique URL or web address and can include a variety of multimedia elements, such as images, videos, and audio. Websites can be designed using a range of technologies, including HTML, CSS, JavaScript, and server-side scripting languages, among others.
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As the owner of La Boulangerie Bakery in Baton Rouge, Louisiana, you have a devoted clientele savoring your delicacies. Your salty caramel cupcakes offer an irresistible salty-sweet flavor combination using fleur de sel crystals hand harvested from the pristine seas off Brittany, France. Although your cupcakes are a trendy hit, you also feature delicious cakes, squares, cookies, and breads. Your bakery has a medium-sized storefront; however, most of your business comes from supplying local restaurants and coffee shops with your tantalizing treats. You own two trucks that make deliveries to customers throughout the Baton Rouge metropolitan area.
Although La Boulangerie is financially successful, rising costs have severely undercut your profits over the past few months. You know that you are not the only business owner dealing with rising prices. Many of your suppliers have raised their prices over the past year. Specifically, the higher prices of wheat and sugar have resulted in a drastic increase in your production costs. Previously, you did not charge for deliveries made to your wholesale clients. However, you now feel that you have no choice but to add a delivery charge for each order to cover your increased costs and the rising price of gas.
Required:
As the owner of La Boulangerie Bakery, write a letter to your wholesale clients in which you announce a $20 charge per delivery. Try to think of a special offer to soften the blow.
Answer:
La Boulangerie Bakery,
Baton Rouge,
Louisiana, U.S.A
25th April, 2021
Dear esteemed customers,
I bring to you an unpalatable news about the changes that would be initiated in our business approach to our customers.
As you can bear witness to, there has been a drastic increase in the cost of doing business in our industry with the notable changes being in the wheat used in producing our confectioneries, the sugar as well as the rising cost of transportation to various customers' locations.
Taking this into account, our company decided to introduce a flat rate delivery cost of $20 irrespective of the location of our customers. This would help us to minimize our production cost. Inorder to also consider our customers, there is a free 20 pieces cake (box) offered to every customer who buys 50 box of each product. This means, 50 box of cupcakes earns you one box free, 100 box cupcake purchase earns you 2 free boxes.
I do hope you would understand our challenges as a company and bear with us regarding to this delivery charge introduction.
Sincerely,
Maris Albert (For the company)
Explanation:
Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $132,000 with a $16,000 residual value and a 10-year life. The equipment will replace one employee who has an average wage of $34,000 per year. In addition, the equipment will have operating and energy costs of $5,380 per year. Determine the average rate
Answer:
23%
Explanation:
The computation of the average rate is shown below:
But before that following calculations to be done
Annual Depreciation is
= ($132,000 - $16,000) ÷ 10
= $11,600
The Annual Net Income would increase by
= $34,000 - $5,380 - $11,600
= $17,020
Now Average Investment is
= ($132,000 + $16,000) ÷ 2
= $74000
The Average rate of return is
= Increase in Annual Net Income ÷ Average Investment
= $17,020 ÷ $74,000
= 23%
Kokomochi is considering the launch of an advertising campaign for its latest dessert product, the Mini Mochi Munch. Kokomochi plans to spend $5.5 million on TV, radio, and print advertising this year for the campaign. The ads are expected to boost sales of the Mini Mochi Munch by $8.2 million this year and $6.2 million next year. In addition, the company expects that new consumers who try the Mini Mochi Munch will be more likely to try Kokomochi's other products. As a result, sales of other products are expected to rise by $1.8 million each year. Kokomochi's gross profit margin for the Mini Mochi Munch is 37%, and its gross profit margin averages 22% for all other products. The company's marginal corporate tax rate is 25% both this year and next year. Question 3a HomeworkAnswered What are the incremental earnings associated with the advertising campaign in its first year
Answer:
Kokomochi
The incremental earnings associated with the advertising campaign in its first year is:
= $0.3 million.
Explanation:
a) Data and Calculations:
Advertising campaign cost = $5.5 million
Mini Mochi Other Products Total
Much
Incremental sales revenue $8.2 million 1.8 million $10 million
Incremental cost of goods sold 5.2 million 1.4 million 6.6 million
Incremental gross profit $3.0 million 0.4 million 3.4 million
Advertising cost 3.1 million
Incremental earnings associated with the advertising campaign = $0.3 million
Advertising cost apportioned to:
This year = $8.2/$14.4 * $5.5 million = $3.1 million
Next year = $6.2/$14.4 * $5.5 million = $2.4 million
Help! I dont have much lime left ;-;
Answer:
Anthropologist - researches and analyzes historical human characteristics
Agricultural Technician - gathers and test materials from plants and animals
Archivist - organizes, maintains and protects documents and records
Statistician - analyzes and explains numerical information
Sampson Company's accounting records show the following for the year ending on December 31, 2022. Purchase Discounts $ 11200 Freight-in 15600 Purchases 700020 Beginning Inventory 47000 Ending Inventory 57600 Purchase Returns and Allowances 12800 Using the periodic system, the cost of goods purchased is $660420. $717220. $708420. $691620.
Answer: $691620
Explanation:
Using the periodic system, the cost of goods purchased will be:
Purchases = 700020
Add: Freights = 15600
Less: Purchase discount = 11200
Less: Purchase return = 12800
Cost of goods purchased = 691620
mention any three differences between bookkeeping and accounting
Answer and Explanation:
The three differences between the bookkeeping and accounting is as follows:
1. The preparation of the financial statements would not be part of this but it should be the part of the accounting
2. The bookkeeping does not required any kind of skill set but in the accounting it require skill set to perform the calculations
3. Bookkeeping does not do any kind of analysis but the accounting perform the analyses, it use the bookkeeping information so that it would help to interpret the data.
Journalize the following adjustments.
(1) Services performed but unbilled and uncollected on July 31 were $1,700.
(2) Depreciation on equipment for the month was $180.
(3) One-twelfth of the insurance paid $1,800 expired.
(4) An inventory count shows $320 of cleaning supplies purchased $900, on hand on July 31.
(5) Accrued but unpaid employee salaries were $400.
The following adjustments.
Services performed (July 31) - $1,700
Deprivation of equipment (July) - $180
What are the Services?If you are at someone's service, you are doing her bidding. When the maintenance wiz repairs the photocopier or the mechanic services your car, the word "service" can also refer to a verb that means "to fix." A ceremony is sometimes referred to as a service in the church. Service definitions. an act of assistance or support.
Insurance partially paid (July) - $1,800
Inventory count (July 31) - $1,220
Employee salaries (July) - $400
Total cost in July - $ 5,300.
Therefore, the following adjustments. Services Performed
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Iaukea Company makes two products from a common input. Joint processing costs up to the split-off point total $47,000 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below:
Product X Product Y Total
Allocated joint processing costs $17,900 $27,200 $45,100
Sales value at split-off point $25,400 $37,000 $62,400
Costs of further processing $22,400 $16,700 $39,100
Sales value after further processing $47,000 $54,700 $101,700
Required:
a. What is the net monetary advantage (disadvantage) of processing Product X beyond the split-off point?
b. What is the net monetary advantage (disadvantage) of processing Product Y beyond the split-off point?
Answer:
Product Net monetary advantage
X (800)
Y 1,000
Explanation:
A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all costs incurred up to the split-off point are irrelevant to the decision to process further .
Product X
$
Additional sales revenue from further processing
( 47,000-25,400) 21600
Further processing cost (22,400)
Net monetary advantage (800)
Product Y
$
Additional sales revenue from further processing
( 54,700-37,000) 17,700
Further processing cost (16,700)
Net monetary advantage 1,000
Product Net monetary advantage
X (800)
Y 1,000