Answer:
b. $252000 $148000
Explanation:
Total OH using MC Hrs = $400000
Mch Hr OH Rate = $5 per Mc Hr
No of Mc Hrs = $400000/5 = 80,000 Mc Hrs
Cape uses 50400 Mc Hrs. So Mc OH = 50400*$5 = $252,000
Chap uses 29600 Mc Hrs. So Mc OH = 29600*$5 = $148,000
When considering the results of an Altman Z-Score analysis a score of 3.85 would suggest? A. The company is in financial distress and there is a high probability of bankruptcy in the short term future B. The company is exposed to some risk of bankruptcy C. The company is healthy and there is a low bankruptcy potential in the short-term D. The company is healthy and there is a low bankruptcy potential in both the short and long-term
Answer: C. The company is healthy and there is a low bankruptcy potential in the short-term.
Explanation:
The Altman Z-score can be used in the prediction of bankruptcy. It should be noted that when the Altman Z-score is close to 1.8, it simply means that the company is heading for bankruptcy, and when the z score is closer to 3, it simply means that the company is doing week and is in a solid financial positioning
Since the z score is 3.85, it means that the company is healthy and there is a low bankruptcy potential in the short-term.
Alfa Co. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000. What is the amount of sales that will be necessary to earn the desired profit
Answer:
Break-even point in units= 25,000
Break-even point (dollars)= $125,000
Explanation:
To calculate the number of units to be sold and the sales dollars required, we will use the break-even point analysis. The following formulas are required:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (30,000 + 20,000) / (5 - 3)
Break-even point in units= 25,000
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= 50,000 / (2/5)
Break-even point (dollars)= $125,000
The amount of sales that will be necessary to earn the desired profit is $125,000.
Desired profitContribution margin ratio:
Contribution margin ratio=5-3/5
Contribution margin ratio=2/5
Contribution margin ratio=0.4
Desired profit= (Fixed costs + Target profit) / Contribution margin ratio
Desired profit=(30,000 + 20,000) / 0.4
Desired profit=50,000/0.5
Desired profit=$125,000
Inconclusion the amount of sales that will be necessary to earn the desired profit is $125,000.
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The governor has proposed to clean up all trash on the side of the highway. The project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in $18,000 of revenue from the highway being cleaned. Should the governor continue with the project
Answer: Yes. The benefit is more than the cost that'll be incurred.
Explanation:
From the question, we are informed that the project is estimated to cost the tax payers an additional $15,000 while it is estimated to bring in $18,000 of revenue from the highway being cleaned.
Based on this, we can deduce that the governor should continue with the project benefit is more than the cost that'll be incurred.
by Product Category Quantity Per Unit Cost Net Realizable Value Tools: Hammers 100 $ 4.80 $ 5.30 Saws 180 9.80 8.80 Screwdrivers 280 1.80 2.40 Paint products: 1-gallon cans 480 5.80 4.80 Paint brushes 100 3.80 4.30 Required: 1. Determine the carrying value of inventory at year-end, assuming the lower of cost or net realizable value (LCNRV) rule is applied to (a) individual products, (b) product categories, and (c) total inventory. 2. Assuming inventory write-downs are common for Almaden, record any necessary year-end adjustment amount for each of the LCNRV applications in requirement 1.
Answer:
Almaden
1. The carrying value of inventory at year-end, assuming the lower of cost or market (LCM) rule is applied to:
(a) individual products = $5,252
(b) product categories = $5,520
(c) total inventory = $5,521
2. Adjusting Journal Entries:
a) by individual products:
Debit Cost of goods sold $1,640
Credit Inventory $1,640
To record the inventory write-down.
b) by category:
Debit Cost of goods sold $1,372
Credit Inventory $1,372
To record the inventory write-down.
c) by total inventory:
Debit Cost of goods sold $1,371
Credit Inventory $1,371
To record the inventory write-down.
Explanation:
a) Data and Calculations:
Inventory,
by Product Category Quantity Per Unit Cost Market LCM
Tools:
Hammers 100 $4.80 $5.30 $480 ($4.80*100)
Saws 180 9.80 8.80 $1,584 ($8.80*180)
Screwdrivers 280 1.80 2.40 $504 ($1.80*280)
Paint products:
1-gallon cans 480 5.80 4.80 $2,304 ($4.80*480)
Paint brushes 100 3.80 4.30 $380 ($3.80*100)
Total value of inventory (by individual products) = $5,252
by Category:
Tools:
at Cost (100 * $4.80 + 180 * $9.80 + 280 * $1.80) = $3,728
at Market value (100 * $5.30 + 180 * $8.80 + 280 * $2.40) = $2,786
Paint products:
at Cost (480 * $5.80 + 100 * $3.80) = $3,164
at Market value (480 * $4.80 + 100 * $4.30) = $2,734
Total inventory value = $5,520 ($2,786 + $2,734)
by total inventory:
Tools: at cost (100 * $4.80 + 180 * $9.80 + 280 * $1.80) = $3,728
Paint products: at cost (480 * $5.80 + 100 * $3.80) = $3,164
Total = $6,892 ($3,728 + $3,164)
Paint products: at Market value (100 * $5.30 + 180 * $8.80 + 280 * $2.40) = $2,786
Paint products: at Market value ((480 * $4.80 + 100 * $4.30) = $2,734
Total inventory value = $5,521 ($2,786 + $2,735)
Market value is selected since the total is less than the total cost.
The cost of inventory = $6,892
LCM by individual products = $5,252
Write-down = $1,640
The cost of inventory = $6,892
LCM by category = $5,520
Write-down = $1,372
The cost of inventory = $6,892
LCM by total inventory = $5,521
Write-down = $1,371
discuss the negative impact of the socio-economic issues identified in QUESTION 1.5lack of skill on business.
Answer:
A lack of skill in business may have many negative socio-economic impacts, both at the societal level, and at the individual level.
Explanation:
At the societal level, this lack of business skills may produce a society in which entrepreneurship is low, which causes the private sector have poor dynamic, and economic growth to be sluggish. This can create an array of negative socio-economic issues from unemployment, to poverty, to income inequality.
At the individual level, lack of business skills represents a handicap for individuals who would like to become business owners, but are thus unable to do so effectively. Their business may fail very quickly, leaving individuals in debt, or they may simply not start businesses at all, and be employees all their lives.
a term used when the products are sold directly to their end consumers or user without third-party retailers wholesalers or other middle men
When a firm has flotation costs equal to 6.8 percent of the funding need, project analysts should:_________
a. Increase the project's discount rate to offset these expenses by multiplying the firm's WACC by 1.068.
b. Increase the project's discount rate to offset these expenses by dividing the firm's WACC by (1 - .068).
c. Add 6.8 percent to the firm's WACC to determine the discount rate for the project.
d. Increase the initial project cost by multiplying that cost by 1.068.
e. Increase the initial project cost by dividing that cost by (1 - .068).
Answer: E. increase the initial project cost by dividing that cost by (1 - .068).
Explanation:
Flotation costs simply refers to the costs that are incurred when new security issues are being brought to the market.
When a firm has flotation costs which is equal to 6.8% of the funding need, the project analysts should then increase the initial project cost by dividing that cost by (1 - .068).
An important application of _________ interest involves _________. Some common types of amortized loans are automobile loans, home mortgage loans, and business loans. Each loan payment consists of interest and repayment of principal. This breakdown is often developed in an __________. Interest is _____________ in the first period and ___________ over the life of the loan, while the principal repayment is _________ in the first period and it _________ thereafter.
Answer:
Compound interest; amortized loans; amortization schedule; largest; decline; smallest; increases.
Explanation:
An important application of compound interest involves amortized loans. Some common types of amortized loans are automobile loans, home mortgage loans, and business loans. Each loan payment consists of interest and repayment of principal. This breakdown is often developed in an amortization schedule. Interest is largest in the first period and declines over the life of the loan, while the principal repayment is smallest in the first period and it increases thereafter.
Amortization in accounting is used to periodically lower the book value of a loan principal or an intangible asset such as intellectual property over a set period of time.
The compound interest formula is given below;
[tex] A = P(1 + \frac{r}{n})^{nt}[/tex]
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Which of the following is/are true?
a. Downward sloping yield curves are inconsistent with the expectations theory.
b. The actual shape of the yield curve depends only on expectations about future inflation.
c. If the pure expectations theory is correct, a downward sloping yield curve indicates that interest rates are expected to decline in the future.
d. If the yield curve is upward sloping, the maturity risk premium must be positive and the inflation rate must be zero.
e. Yield curves must be either upward or downward sloping they cannot first rise and then decline
Answer:
If the pure expectations theory is correct, a downward-sloping yield curve indicates that interest rates are expected to decline in the future.
Explanation:
The three theories based on term structure of interest rates includes:
1. Pure Expectation Theory
2. Liquidity Premium Theory
3.Segmented Markets Theory
In Pure Expectations Theory, the term structure shown in the shape of the yield curve is gotten solely by the expectations of interest rates.
According to pure expectations theory, the yield curve has an Upward sloping, if there is an expected increase in rates and expected decrease in rates leads to a downward sloping.
yo wt.f is daisy
.
.
.
.
.
.
.
.
.
Daisy me rollinngg
Answer:
cool
Explanation:
Daisy must be either awesome or coll
1. Spratt Company purchased Treasury bond futures contracts when the quoted price was 93-50. When this position was closed out, the quoted price was 94-75. Determine the profit or loss per contract, ignoring transaction costs.
Answer:
–$12,500
Explanation:
Calculation to determine Determine the profit or loss per contract
Using this formula
Profit or loss per contract=Purchase price-Selling price
Let plug in the formula
Profit or loss per contract= $935,000 – $947,500
Profit or loss per contract= –$12,500
Therefore the profit or loss per contract will be –$12,500
The Krisp Kracker company which makes unique kettle chips for restaurants, clubs, and events, has just lost a large client that made up 55% of its total revenue. Management finds it necessary to reduce staff or wages. This comes only three months after hiring 35 new people to support this big client. While there are rumors of wage reductions in the short run, the 100 employees who have been with the company for the past two years are grumbling that they are more valuable that the new hires which should be let go and the wages not reduced. The situation at Krisp Kracker illustrates which wage stickiness theory best
Answer:
The Krisp Kracker Company
The situation at Krisp Kracker illustrates the Insider-Outsider Wage Stickiness theory best.
Explanation:
This theory suggests that the 100 employees are the insiders while the 35 newly employed are outsiders. Therefore, at negotiations between the employer and the employees, the 100 employees would also like to negotiate employment terms to the exclusion of the outsiders because they feel that they enjoy a juicier and more privileged position.
Consider relative purchasing power parity (PPP) and remember the consumer price index (CPI) provides the price level in a country at any point in time. Assume CPI in the US is 165 in 2010 and 200 in 2015, and CPI in Canada is 170 in 2010 and 220 in 2015 (with base year as 2000). If the spot exchange rate was 0.7640 USD/CAD in 2010, what is it in 2015 if relative PPP holds
Answer:
0.7156 USD/CAD
Explanation:
Relationship between relative PPP and inflation rates can be expressed as given below:
S(1)/S(0) = (1+I(y)) / (1+I(x))................(1)
==> S(0) = spot exchange rate at the beginning of the time period
==> S(1) = spot exchange rate at the end of the time period
==> I(y) = expected inflation rate for country y, which is foreign country
==> I(x) = expected inflation rate for country x, which is domestic country.
Here, assumes that the US is a foreign country and Canada is domestic country
I(y) = (200/165) - 1 = 21.21%
I(x) = (220/170) - 1 = 29.41%
On putting the values of I(x) and I(y) in the first equation, we get:
S(1)/0.764 = (1+0.2121) / (1+0.2941)
S(1)/0.764 = 0.9366354996
S(1) = 0.764*0.936635
S(1) = 0.7156 USD/CAD
If relative PPP holds, the spot exchange rate in 2015 will be 0.7156 USD/CAD
g Julio is the sole shareholder of a corporation he formed seven years ago by contributing $500,000 for all of the corporation's stock. This year, he sold all of the stock to a competetor for $100,000,000. Julio's marginal tax rate is 37%. Julio must recongize a gain of $ 99500000 . His tax liability will increase as a result of the gain by $ 0 .
Answer:
Julio
Therefore, Julio's tax liability will increase by $19,900,000
Explanation:
a) Data and Calculations:
Investment in corporation stock = $500,000
Period of investment = 7 years
Sales proceeds from investment = $100,000,000
Marginal tax rate = 37% (short-term and ordinary)
Julio's gain = $99,500,000
This is a long-term capital gain and will be taxed at 20% and not 37%
Therefore, Julio's tax liability will increase by $19,900,000 ($99,500,000 * 20%) as a result of the gain.
b) According to the IRS, long-term capital gain this year is taxed at reduced rates, usually 15% or 20%, depending on the taxpayer's income bracket. Since Julio's gain is a long-term capital gain, it will be taxed at 20% and not at his ordinary marginal tax rate of 37% for short-term capital gains.
Delaney Inc. has several transactions with foreign entities. Each transaction is denominated in the local currency unit of the country in which the foreign entity is located. For each of the following independent cases, determine the December 31, 20X2, year-end balance in the appropriate accounts for the case.
Case 1: On November 12, 20X2, Delaney purchased goods from a foreign company at a price of LCU 40,000 when the direct exchange rate was 1 LCU = $0.45. The account has not been settled as of December 31, 20X2, when the exchange rate has decreased to 1 LCU = $0.40.
Case 2: On November 28, 20X2, Delaney sold goods to a foreign entity at a price of LCU 20,000 when the direct exchange rate was 1 LCU = $1.80. The account has not been settled as of December 31, 20X2, when the exchange rate has increased to 1 LCU = $1.90.
Case 3: On December 2, 20X2, Delaney purchased goods from a foreign company at a price of LCU 30,000 when the direct exchange rate was 1 LCU = $0.80. The account has not been settled as of December 31, 20X2, when the exchange rate has increased to 1 LCU = $0.90.
Case 4: On December 12, 20X2, Delaney sold goods to a foreign entity at a price of LCU 2,500,000 was 1 LCU = $0.003. The account has not been settled as of December 31, 20x2, when the exchange rate has decreased to 1 LCU = $0.0025.
Required:
Prepare the December 31, 20X2, year-end balances on Delaney's records.
Answer:
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Explanation:
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The correct option is Case 3: On December 2, 20X2, Delaney purchased goods from a foreign company at a price of LCU 30,000 when the direct exchange rate was 1 LCU = $0.80. The account has not been settled as of December 31, 20X2, when the exchange rate has increased to 1 LCU = $0.90.
What is transaction?
A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver.
There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including physical currency, debit cards, or cheques.The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date.
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The labor movement was blamed for the death of seven police officers during __________. A. the Haymarket Riot B. the Triangle Shirtwaist Factory fire C. violence resulting from public anger with business leaders during the Depression D. violent outbursts in the 1950s resulting from public outrage about union corruption
Answer:
I pretty sure it is
A. the Haymarket Riot
Explanation:
i had it in my notes and i spilled my tea all over them and i remember seeing it. if i am wrong, i am so sorry
Answer: The answer is A
Explanation:
Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabilities of operating at 30,000 hours and 50,000 hours. The company's flexible budget revealed the following: 30,000 Hours 40,000 Hours 50,000 Hours Variable costs $ 135,000 $ 180,000 $ 225,000 Fixed costs 720,000 720,000 720,000 If Commerce operated at 35,000 hours, its total budgeted cost would be: Multiple Choice $810,000. $997,500. $787,500. $945,000. $877,500.
Answer:
Total cost= $877,500
Explanation:
First, we need to calculate the unitary variable cost:
Unitary variable cost= 135,000 / 30,000= $4.5
Unitary variable cost= 180,000 / 40,000= $4.5
Unitary variable cost= 225,000 / 50,000= $4.5
Now, the total cost for 35,000 hours:
Total cost= Unitary variable cost*total number of hours + fixed costs
Total cost= 4.5*35,000 + 720,000
Total cost= $877,500
Danner Company expects to have a cash balance of $51,300 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $96,900, February $171,000. Payments for direct materials: January $57,000, February $85,500. Direct labor: January $34,200, February $51,300. Wages are paid in the month they are incurred. Manufacturing overhead: January $23,940, February $28,500. These costs include depreciation of $1,710 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $17,100, February $22,800. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $13,680 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $28,500. The company wants to maintain a minimum monthly cash balance of $22,800. Prepare a cash budget for January and February.
Answer:
Danner Company
Danner Company
Cash Budget
January February
Beginning Balance $51,300 $31,350
Collections from customers: 96,900 171,000
Sale of marketable securities 13,680
Total cash receipts $161,880 $202,350
Payments:
Direct materials: $57,000 $85,500
Direct labor: 34,200 51,300
Manufacturing overhead: 22,230 26,790
Selling & Administrative: 17,100 22,800
Total payments $130,530 $186,390
Cash Balance $31,350 $15,960
Minimum cash balance 22,800 22,800
Excess cash (deficit) $8,550 ($6,840)
Explanation:
a) Data and Calculations:
Expected Cash balance on January 1, 2020 = $51,300
Collections from customers:
January $96,900
February $171,000
Payments for direct materials:
January $57,000
February $85,500
Direct labor:
January $34,200
February $51,300
Manufacturing overhead:
January $23,940 - depreciation of $1,710 Net $22,230
February $28,500 - depreciation of $1,710 Net $26,790
Selling and administrative expenses:
January $17,100
February $22,800
Sales of Marketable securities in January = $13,680
Line of credit = $28,500
Expected monthly minimum cash balance = $22,800
Tru-Shine is a cleaning company in the United States that offers various cleaning products and services. After gaining popularity in the United States, th company decided to expand its business in other North American nations. The company entered into an agreement with some local cleaning companies in Canada where the local companies would sell its products and services under the same trade name. Tru-Shine also agreed to provide the training and necessary equipments and supplies to the local companies. In this example, the strategy used by Tru-Shine for entering foreign markets is an example of
a. direct investment
b. value engineering
c. franchising
d. sole sourcing
Answer:
C. Franchising
Explanation:
Franchising can be defined as a way of distributing goods and services that involves a franchisee starting a business by using someone else's 8deas and their expertise legally. To be a franchisee you have to buy this right by paying an initial fee
In this question tru shine is the franchisor because this other company wants to sell their products and services using tru shines name.
When bringing to market a new product like the MotorolaOne Zoom, the actual product launch takes place in the ___________________ stage of the new product development process. a market strategy b business analysis c product development d test marketing e commercialization
Answer:
Option E: Commercialization
Explanation:
The marketplace is simply dynamic and undergoes different changes and the demand rate for products is also do change. Companies evaluate their already made or existing product line, update it and tries to fit into the standard of their consumers.
In the new product development strategies, companies makes a unique new product development strategy to limit the overuse of time and resources through the method of, organize planning and research, understanding what customer really want thereby definitely resourcing of the said project.
In commercialization, it entails the new product launching procedures (processes). It usually needs heavy promotion and product distribution throughout the network.
When bringing to market a new product like the MotorolaOne Zoom, the actual product launch takes place in the stage of the new product development process :
E: Commercialization
When bringing to market a new product like the MotorolaOne Zoom, the actual product launch takes place in the Commercialization stage of the new product development process. The commercial center is basically energetic and experiences diverse changes and the request rate for items is additionally do alter. Companies assess their as of now made or existing item line, overhaul it and tries to fit into the standard of their customers.Thus,the correct answer is E.
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A call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in the afternoon. The premium paid on the call is $5.05. What is the net profit or loss from buying the call just prior to 4 pm on November 18 if at this time the stock price per share of MassComputer is: a.$102.32 Answer:The net profit is $ -2.73 b.$97.62 Answer:The net profit is $ -7.43
Answer and Explanation:
The computation is shown below:
In the case when the stock price is $102.32
So, the net profit is
= $102.32 - $100 - $5.05
= -$2.73
In the case when the stock price is $97.62 is
= $97.62 - $100 - $5.05
= -$7.43
Hence, the same would be considered and relevant too
Suppose stocks offer an expected rate of returns of 10% with a standard deviation of 20%, and gold offers an expected return of 5% with a standard deviation of 25%. (i) If the correlation between gold and stocks is sufficiently low, gold ______ be held as a component in the optimal portfolio. (ii) If the correlation coefficient between gold and stocks is 1.0, then gold ______ be held as a component in the optimal portfolio.
Answer: A) (i) will; (ii) will not
Explanation:
The optimal portfolio should be one where the assets are diversified such that returns can be made regardless of the direction the economy is going. For this to happen, asset classes need to have a low correlation with one another.
If the correlation between gold and stocks is low therefore, gold should and will be held as a component in the portfolio. If the correlation between gold and stocks is 1.0 - this means that they are perfectly correlated and move together - gold should not be in the optimal portfolio as it would be too risky.
1. This year, GHJ Inc. received the following dividends: BP Inc. (a taxable California corporation in which GHJ holds a 2% stock interest) $6,000 MN Inc. (a taxable Florida corporation in which GHJ holds a 52% stock interest) 7,000 AB Inc. (a taxable Canadian corporation in which GHJ holds a 21% stock interest) 10,000 $23,000 a) Compute GHJ Inc.’s dividend-received deduction
Answer:
Total dividends-received deduction = $17,550
Explanation:
These can be computed as follows:
Dividend-received deduction on BP dividend = Dividend received from BP * 50% = $6000 * 50% = $3,000
Dividend-received deduction on MN dividend = Dividend received from MN * 65% = 7,000 * 65% = $4,550
Dividend-received deduction on AB dividend = Dividend received from AB * 65% = 10,000 * 100% = $10,000
Total dividends-received deduction = Dividend-received deduction on BP dividend + Dividend-received deduction on MN dividend + Dividend-received deduction on AB dividend = $3,000 + $4,550 + $10,000 = $17,550
A portfolio consists of three stocks. There are 540 shares of Stock A valued at $24.20 share, 310 shares of Stock B valued at $48.10 a share, and 200 shares of Stock C priced at $26.50 a share. Stocks A, B, and C are expected to return 8.3 percent, 16.4 percent, and 11.7 percent, respectively. What is the expected return on this portfolio
Answer: 12.47%
Explanation:
The value of each stock will be gotten by their unit multiplied by the price.
Value of Stock A = 540 × 24 2 = 13068
Value of stock B = 310 × 48.1 = 14911
Value of stock C = 200 × 26.5 = 5300
Total value of stock = 33279
Weight of stock A = 13068 / 33279 = 0.393
Weight of stock B = 14911 / 33279 = 0.448
Weight of stock C = 5300 / 33279 = 0.159
The expected return on this portfolio will then be:
= (0.393 × 8.3) + (0.448 × 16.4) + (0.159 × 11.7)
= 12.47%
This credit account carries a temporary low introductory rate (teaser rate) of_________%. This teaser APR applies to purchases made within the first________months that the account is open. After this introductory period, the APR for purchases reverts to a higher variable APR. This regular APR for purchases is calculated by__________% to the U.S. prime rate (assumed to be 4% in the disclosure). Therefore, if the U.S. prime rate remains at 4%, then the regular APR for purchases is______%
Answer:
Introductory rate is 1.99%
After first 6 months.
APR for purchase is 8.99%
Regular APR for purchases is 12.99%
Explanation:
This is required by law in U.S. for the credit card rates. The APR introductory rate for the purchases is 1.99%. This rate is then adjusted with the U.S. prime rate and it becomes 8.99% after first 6 months. The rate is then adjusted with the further 4% U.S. prime rate. The regular APR for the purchases is 12.99%.
The Solomon, Smith, and Samson law firm produces many legal documents that must be word processed for clients and the firm. Requests average pages of documents per hour, and they arrive according to a Poisson distribution. The secretary can word process pages per hour on average according to an exponential distribution.
a. The average utilization rate of the secretary is _________% utilization.
b. The probability that more than four pages are waiting or being word processed is _____. (Enter your response rounded to three decimalplaces.)
c. The average number of pages waiting to be word processed is ____pages. (Enter your response rounded to two decimal places.)
Answer:
Arrival rate λ= 19 pages per hour
Service rate μ = 20 pages per hour
a. Average utilization rate P = λ/μ
Average utilization rate P = 19/20
Average utilization rate P = 0.95
Average utilization rate P = 95%
b. Probability that more than four pages are waiting or being word processed Pn>4 = 1 - (P0 + P1 + P2 + P3 + P4)
Pn>4 = 1 - (0.05*(1+0.95 + 0.95^2 + 0.95^3 + 0.95^4))
Pn>4 = 1 - (0.05*4.524)
Pn>4 = 1 - 0.2262
Pn>4 = 0.774.
c. Average number of pages waiting to be word processed Lq
Lq = λ²/μ(μ-λ)
Lq = 19²/20(20-19)
Lq = 361/20
Lq = 18.05
Wildhorse Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2022.
Revenues during 2022—camping fees $187,600
Notes payable $80,400
Revenues during 2022—general store 62,980
Expenses during 2022 201,000
Accounts payable 14,740
Supplies on hand 3,350
Cash on hand 26,800
Common stock 26,800
Original cost of equipment 141,370
Retained earnings
Fair value of equipment 187,600
(a) Determine Wyco Park's net income for 2015.
Wyco Park's net income$_________
Answer:
$49,580
Explanation:
Calculation to Determine Wyco Park's net income
Using this formula
Net income=Revenus-Expenses
Let plug in the formula
Revenues during 2022—camping fees $187,600
Revenues during 2022—general store $62,980
Less Expenses during 2022 ($201,000)
Net income $49,580
($187,600+$62,980-$201,000)
Therefore Wyco Park's net income will be $49,580
1. TV Market (Make sure to include a graph and an analysis (causation) as well as the assumptions you are making to support your answer for each question.) (40 points)
A. As the Super Bowl approaches and people want a bigger TV to watch the game, what happens to the price and quantity of TVs? (10 Points)
B. As consumers expect the new better HD TV to come out, what happens to price and quantity of the current TV model? (10 Points)
C. As the Price of Samsung increases, what happens to the price and quantity of Sony TVs? (10 Points)
D. As parts coming from North Korea cost more money, what happens to the price and quantity of TVs? (10 Points)
Answer:
Sorry ............ have no idea
Alpha Moose Transporters is considering investing in a one-year project that requires an initial investment of $475,000. To do so, it will have issue new common stock and will incur a flotation cost of 2.00%. At the end of the year, the project is expected to produce a cash inflow of $595,000. The rate of return that Alpha Moose expects to earn on its project (net of its flotation costs) is ___________
Answer:
22.76%
Explanation:
Calculation to determine what The rate of return that Alpha Moose expects to earn on its project (net of its flotation costs) is
First step is to calculate Total amount raised Using this formula
Total amount raised = Initial investment/(1-Flotation cost)
Let plug in the formula
Total amount raised= $475,000/(1-2%)
Total amount raised=$475,000/0.98
Total amount raised= $484,694
Now let calculate the Rate of return
Rate of return = (595,000- $484,694)/$484,694
Rate of return=110306/$484,694
Rate of return= 22.76%
Therefore The rate of return that Alpha Moose expects to earn on its project (net of its flotation costs) is 22.76%
The following is the ending balances of accounts at June 30, 2021, for Excell Company.
Account Title Debits Credits
Cash $ 87,000
Short-term investments 69,000
Accounts receivable (net) 284,000
Prepaid expenses (for the next 12 months) 36,000
Land 79,000
Buildings 324,000
Accumulated depreciation—buildings $ 162,000
Equipment 267,000
Accumulated depreciation—equipment 122,000
Accounts payable 175,000
Accrued liabilities 47,000
Notes payable 104,000
Mortgage payable 230,000
Common stock 120,000
Retained earnings 186,000
Totals $ 1,146,000 $ 1,146,000
Additional information:
The short-term investments account includes $20,000 in U.S. treasury bills purchased in May. The bills mature in July, 2021.
The accounts receivable account consists of the following:
a. Amounts owed by customers $ 227,000
b. Allowance for uncollectible accounts—trade customers (16,000 )
c. Nontrade notes receivable (due in three years) 67,000
d. Interest receivable on notes (due in four months) 6,000
Total $ 284,000
The notes payable account consists of two notes of $52,000 each. One note is due on September 30, 2021, and the other is due on November 30, 2022.
The mortgage payable is a loan payable to the bank in semiannual installments of $4,600 each plus interest. The next payment is due on October 31, 2021. Interest has been properly accrued and is included in accrued expenses.
Nine hundred thousand shares of no par common stock are authorized, of which 240,000 shares have been issued and are outstanding.
The land account includes $52,000 representing the cost of the land on which the company's office building resides. The remaining $27,000 is the cost of land that the company is holding for investment purposes.
Required:
Prepare a classified balance sheet for the Excell Company at June 30, 2021. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
See below
Explanation:
Classified Balance sheet for excel company as at June 30, 2021.
Cash
$87,000
Short term investment
$69,000
*Accounts receivables
$217,000
Prepaid expenses
$36,000
Total current
$409,000
Non current asset
Land
$79,000
Equipment(net)
($267,000 - $122,000)
$145,000
Buildings(net)
($234,000 - $162,000)
$72,000
Total non current asset
$296,000
Total assets $409,000 + $296,000 = $705,000
Liabilities
Accounts payable
$175,000
Accrued liabilities
$47,000
Notes payable
$52,000
Mortgage payable
$55,200
Total liabilities
$329,200
Longterm liabilities
*** Notes payable
$52,000
*** Mortgage
$174,800
Total longterm
$226,800
Total liabilities $329,200 + $226,800 = $556,000
Equity
Common stock
$120,000
Retained earnings
$186,000
Total equity
$306,000
Total liabilities and equities $556,000 + $306,000 = $862,000
Calculation for *AR
$284,000 - $67,000 non current = $217,000
** note payable of $104,000 less $52,000
Current mortgage of $4,600 × 12(Interest will be accrued over time)
The non current will be the difference
$230,000 - $55,200 = $174,800