Last year Rennie Industries had sales of $395,000, assets of $175,000 (which equals total invested capital), a profit margin of 5.3%, and an equity multiplier of 1.2. The CFO believes that the company could reduce its assets by $51,000 without affecting either sales or costs. The firm finances using only debt and common equity. Had it reduced its assets by this amount, and had the debt/total invested capital ratio, sales, and costs remained constant, how much would the ROE have changed? Do not round your intermediate calculations.

Answers

Answer 1

Answer: 5.9%

Explanation:

Before:

Equity is calculated as:

= Total Assets / Equity Multiplier

= $ 175,000 / 1.2

= $ 145,833

Therefore, ROE will be:

= (Turnover × Profit Margin) / Equity

= ($ 395,000 × 5.3%) / $ 145,833

= $ 20935 / $145,833

= 0.1436

= 14.36%

After:

New Total Assets will be:

= $ 175,000 - $ 51,000

= $ 124,000

Equity

= Total Assets / Equity Multiplier

= $ 124,000 / 1.2

= $ 103,333

ROE will then be:

= (Turnover × Profit Margin) / Equity

= ($ 395,000 × 5.3%) / $ 103,333

= $ 20935 / $ 103,333

= 0.2026

= 20.26%

Therefore, the change in ROE will be:

= 20.26% - 14.36%

= 5.9%

= 4.035%


Related Questions

John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31, 2013, Way to Go has assets of $669,000 and liabilities of $161,000. Using the accounting equation, determine the following amounts:
a. Owner's equity as of December 31, 2013.
b. Owner's equity as of December 31, 2014, assuming that assets decreased by $127,000 and liabilities decreased by $39,000 during 2014.

Answers

Answer:

a. $508,000

b. $420,000

Explanation:

a. Assets = Equity + Liabilities

669,000 = Equity + 161,000

Equity = 669,000 - 161,000

Equity = $508,000

b.  Assets = Equity + Liabilities

(669,000 - 127,000) = Equity + (161,000 - 39,000)

542,000 = Equity + 122,000

Equity = 542,000 - 122,000

= $420,000

2. A welder and a carpenter decided to get out of the construction industry and build farm trailers instead. From building a few trailers on weekends, they estimated that the first trailer would take about $700 of their own labor to build and that an 85 percent learning rate can be anticipated on the cumulative average time as each trailer is built. (Note: They decided that their hourly wages should be no less than those they received in the construction trades.) The material costs for each trailer will be about $500, and the craftsmen do not see any way that this can be reduced. They estimate that each trailer can be sold for $1,000. In addition to making their wages on labor, they want to make 15 percent profit on the trailer materials. How many trailers must be built before this rate of profit can be realized

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

Material Cost Per Trailer = $500

Material Cost plus Profit Per Trailer (15%)  = $500 + 75 = $575

Selling Price = $1000

Labor Cost Remaining Per Trailer = $425

Formula to Calculate the number of Trailers:

X = X1 ([tex]N^{S}[/tex])

Where,

N = number of Trailers

S = Slope Parameter

X = $425

X1 = $700

So, First we need to find the slope parameter, in order to calculate the number of trailers to be built.

S = [tex]\frac{log \alpha }{log 2}[/tex]

where, α = 0.85 rate of improvement.

Plugging in the values into the formula, we get:

S = [tex]\frac{log (0.85) }{log 2}[/tex]

S = -0.234

Now, we can easily find the number of trailers.

X = X1 ([tex]N^{S}[/tex])

Plugging in the values,

425 = 700 x ([tex]N^{-0.234}[/tex])

Solving For N, we get:

N = 8.4 Trailers

N = 9 Trailers.

Hence, 9 Trailers must be built in order to realize this rate of profit.

Teal Mountain Leasing Company signs a lease agreement on January 1, 2020, to lease electronic equipment to Sandhill Company. The term of the non-cancelable lease is 2 years, and payments are required at the end of each year. The following information relates to this agreement:
1. Sandhill has the option to purchase the equipment for $19,500 upon termination of the lease. It is not reasonably certain that Sandhill will exercise this option.
2. The equipment has a cost of $190,000 and fair value of $238,500 to Teal Mountain Leasing. The useful economic life is 2 years, with an unguaranteed residual value of $19,500.
3. Teal Mountain Leasing desires to earn a return of 5% on its investment.
4. Collectibility of the payments by Teal Mountain Leasing is probable.
Prepare the journal entries on the books of Teal Mountain Leasing to reflect the payments received under the lease and to recognize income for the years 2017 and 2018.

Answers

Answer:

Fair value                            $238,500

Less: PV of residual value $17,687     (19500*0.90703)

PV of lease payment          $220,813

Annual lease = 220813/1.85941

Annual lease = $118,754

Date    Account titles and Explanation               Debit         Credit

1/1/17    Lease receivables                                    $238,500

            Cost of goods sold                                  $172,313

                    Sales                                                                    $220,813

                    Inventory                                                              $190,000

            (To record the lease)

12/31/17 Cash                                                          $118,754

                   Lease receivables                                                 $106,829

                   Interest revenue(238,500*5%)                             $11,925

              (To record the receipts of lease installments)

12/31/18  Cash                                                          $118,754

                   Lease receivables                                                 $112,170

                   Interest revenue(238,500-106829*5%)               $6,584

              (To record the receipts of lease installments)

12/31/18  Cash                                                          $19,500

                   Lease receivables                                                 $19,500

             (To record sales of equipment at the end of the lease)

Manson Industries incurs unit costs of $6 ($4 variable and $2 fixed) in making an assembly part for its finished product. A supplier offers to make 15,000 of the assembly part at $5 per unit. If the offer is accepted, Manson will save all variable costs but no fixed costs. Prepare an analysis showing the total cost saving, if any, Manson will realize by buying the part.

Answers

Answer:

The decision should be to make the part

Explanation:

Variable cost of manufacturing = 15000x4 = 60000

Fixed cost of manufacturing = 15000 x 2 = 30000

Purchase cost = 15000x5 = 75000

Total annual cost of making = 60000 + 30000 = $90000

Total annual cost of buying is 30000 + 75000 = $105000

90000 - 105,000 = -15000

This shows that manson's cost savings would decrease by -15000

So instead of buying, it is better to make.

3. The store purchases used goods for resale from people that bring items to the store. Since that can occur anytime that the store is open, all employees are authorized to purchase goods for resale by disbursing cash from the register. The purchase is documented by having the store employee write on a piece of paper a description of the item that was purchased and the amount that was paid. The employee then signs the paper and puts it in the register. (a) Weakness: select a weakness select a weakness Principle: select a principle select a principle (b) Recommended Change:

Answers

Answer:

Weakness 1 is signed paper are not stored in safe and secured location.

Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.

Explanation:

The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.

Sheffield Company had the following department data: Physical Units Work in process, July 1 30600 Completed and transferred out 165500 Work in process, July 31 45900 All materials are added at the beginning of the process. What is the total number of equivalent units for materials in July? 211400. 242000. 165500. 180800.

Answers

Answer:

Equivalent units of production (direct materials)= 211,400

Explanation:

Giving the following information:

Completed and transferred out 165,500

Work in process, July 31 45,900

All materials are added at the beginning of the process.

If all materials are added at the beginning of the process, the percentage of completion is 100%. To calculate the equivalent units, we need to use the following formula:

Units completed and transfer out + Equivalent units in ending inventory WIP (units*%completion)= Equivalent units of production

Equivalent units of production (direct materials)= 165,500 + (45,900*1)

Equivalent units of production (direct materials)= 211,400

Compare and Contrast Material and Substantive Law

Answers

Answer:

Terms. Procedural law is the set of rules by which courts in the United States decide the outcomes of all criminal, civil, and administrative cases. Substantive law describes how people are expected to behave according to accepted social norms.

Hope this helped you compare & contrast

Explanation:

A company issues $400,000 of 8%, 10-year bonds dated January 1. The bonds pay interest semiannually on June 30 and December 31 each year. If bonds are sold at par value, the issuer records the sale with a (debit/credit) credit to Bond Payable in the amount of $

Answers

If bonds are sold at par value, the issuer records the sale with a (debit/credit) credit to Bond Payable in the amount of $400,000.

Journal entry

Based on the given information assuming the company issue the amount of $400,000 and the bonds are sold at par value the appropriate entry to record the transaction is:

January 1

Debit to Cash $400,000

Credit to Bond Payable $400,000

(To record bond payable)

Inconclusion  If bonds are sold at par value, the issuer records the sale with a (debit/credit) credit to Bond Payable in the amount of $400,000.

Learn more about journal entry here:https://brainly.com/question/14279491

Shotter Manufacturing is a small textile manufacturer using machine hours to calculate the single indirect cost rate to allocate manufacturing overhead costs to various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the jackets to be made for Jackson High School Science Olympiad. Shotter ManufacturingJackson High School Job Direct materials$25,000$600 Direct manufacturing labor$5,000$150 Manufacturing overhead costs $30,000 Machine hours (mh)50,000 machine hour 800 machine hour Required: a) For Shotter Manufacturing, determine the annual manufacturing overhead cost allocation rate. b) Determine the amount of manufacturing overhead costs allocated to the Jackson High School job. c) Determine the estimated total manufacturing costs for the Jackson High School job.

Answers

Answer:

Results are below.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 30,000 / 50,000

Predetermined manufacturing overhead rate= $0.6 per machine hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 06*500

Allocated MOH= $300

Finally, total production costs:

Total cost= 600 + 150 + 300

Total cost= $1,050

Mel is thinking of going on a cruise. Mel values a cruise in nice weather at $2,000 and values a cruise in bad weather at $50. The probability of nice weather is 60% and the probability of bad weather is 40%. Trip insurance is sometimes available. If purchased, it allows travelers to delay the cruise until the weather is nice. If Mel is risk-neutral, then in the absence of trip insurance, the most she will be willing to pay for the cruise is _______. Select one: a. $1,200 b. $1,250 c. $1,220 d. $1,000

Answers

Answer:

Mel

If Mel is risk-neutral, then in the absence of trip insurance, the most she will be willing to pay for the cruise is _______.

c. $1,220

Explanation:

a) Data and Calculations:

Mel's value of a cruise in nice weather = $2,000

Mel's value of a cruise in bad weather = $50

Probability of nice weather = 60%

Probability of bad weather = 40%

Expected value:

Weather              Outcome Probability    Expected Value

Nice weather      $2,000          60%           $1,200

Bad weather            $50           40%               $20

Total expected value of a cruise               $1,220

Using demand and supply diagram, analyse the likely effect of an incr

advertising on the equilibrium price and equilibrium quantity of a products in the market​

Answers

Answer:

Advertising has the effect of increasing demand for any particular good or service because it makes increases the consumer base, meaning that potential consumers are convinced to buy the good or service thanks to being exposed to the advertising.

At first, this higher demand leads to a higher market price because more people are willing to pay for the same amount of the good. However, if the market is free or relatively free, firms will either supply more of the good to meet the rising demand, or new firms will enter the market to cover that demand, causing the market-clearing price to return to previous level, in spite of the higher demand since it has been met by a higher supply as well.

The principle of risk-return trade-off means that Group of answer choices a rational investor will only take on higher risk if he expects a higher return. an investor who takes more risk will earn a higher return higher risk investments must earn higher returns an investor who bought stock in a small corporation five years ago has more money than an investor who bought U.S. Treasury bonds five years ago.

Answers

Answer:

a rational investor will only take on higher risk if he expects a higher return.

Explanation:

Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.

In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.

Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.

Hence, the rate of return is used as a long-term decision-making tool to determine whether or not an investment is worth it.

Thus, the principle of risk-return trade-off means that a rational investor will only take on higher risk if he expects a higher return.

similarity between plant industry and firms​

Answers

Answer:

A Plant – Plant refers to an institution that, in general. ... Firms generally operate one or more than one plant. An Industry – Industry refers to a group of firms that are involved in production of same or similar kind of goods and services.

Tharaldson Corporation makes a product with the following standard costs:

Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials 7.4 ounces $2.00 per ounce $14.80
Direct labor 0.3 hours $18.00 per hour $5.40
Variable overhead 0.3 hours $7.00 per hour $2.10

The company reported the following results concerning this product in June.

Originally budgeted output 2,800 units
Actual output 2,900 units
Raw materials used in production 20,600 ounces
Purchases of raw materials 21,700 ounces
Actual direct labor-hours 490 hours
Actual cost of raw materials purchases $42,200
Actual direct labor cost $12,800
Actual variable overhead cost $3,400

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for June is:__________

Answers

Answer:

Tharaldson Corporation

The materials quantity variance for June is:__________

= $1,480

Explanation:

a) Data and Calculations:

                        Standard Quantity    Standard Price     Standard Cost

                                 or Hours                or Rate                  Per Unit

Direct materials      7.4 ounces       $2.00 per ounce          $14.80

Direct labor             0.3 hours        $18.00 per hour              $5.40

Variable overhead 0.3 hours          $7.00 per hour              $2.10

Reported Results in June:

Originally budgeted output 2,800 units

Actual output 2,900 units

Raw materials used in production 20,600 ounces

Purchases of raw materials 21,700 ounces

Actual direct labor-hours 490 hours

Actual cost of raw materials purchases $42,200

Actual direct labor cost $12,800

Actual variable overhead cost $3,400

Materials quantity variance = (Actual quantity - Budgeted quantity) * standard rate

= (2,900 - 2,800) * $14.80

= $1,480

= (2,900 - 2,800) * 7.4 * $2

Accounting for par, stated, and no-par stock issuances LO P1
Rodriguez Corporation issues 16,000 shares of its common stock for $176,900 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
The stock has a $8 par value.
The stock has neither par nor stated value.
The stock has a $4 stated value.
1. Record the issue of 16,000 shares of no par, no stated value common $94,900 cash.
2. Record the issue of 16,000 shares of $2 stated value common stock for $94,900 cash.

Answers

Answer:

Rodriguez Corporation

Journal Entries:

a. Debit Cash $176,900

Credit Common Stock $128,000

Credit Additional Paid-in Capital $48,900

To record the issue of 16,000 shares at $8 par value.

b. Debit Cash $176,900

Credit Common Stock $176,900

To record the issue of 16,000 shares at no par or stated value.

c. Debit Cash $176,900

Credit Common Stock $64,000

Credit Additional Paid-in Capital $112,900

To record the issue of 16,000 shares at $4 state value.

1.  Issue of 16,000 shares of no par, no stated value common $94,900 cash.

Journal Entry:

Debit Cash $94,900

Credit Common Stock $94,900

To record the issue of 16,000 shares at no par or stated value.

2. Record the issue of 16,000 shares of $2 stated value common stock for $94,900 cash.

Journal Entry:

Debit Cash $94,900

Credit Common Stock $32,000

Credit  Additional Paid-in Capital $62,900

To record the issue of 16,000 shares of $2 stated value for cash.

Explanation:

a) Data and Calculations:

Number of common stock shares issued = 16,000

Cash collected from the issue = $176,900

Date of issue = February 20.

b) When shares are issued at no par or stated value, the corresponding credit for the Common Stock account equals the cash realized.  When the par value is less than the issued price, the corresponding credit above the par value is credited to the  Additional Paid-in Capital account.

give me three types of internal recruitment​

Answers

Answer:

Promotions

Transfers

Advertisment

Explanation:

I donno if thise is wright

try a research

Some say the office culture today has become "too nice" Which statement would
not be heard in that type of setting?
"No need to go out of your way I get it later
"Did you see the new menu in the cafeteria There goes my diet."
"Can you believe that the boys expects us to stay late and does not even ask."
"How was your weekend? Were you able to get up to the lake house?"
"Did Joe get into the college of his choicer know you hoped it also came with a
I
good financial package

Answers

“Can you believe that the boys expect us to stay late and does not even ask?” would be condescending to the original statement.

Early in 2021, the Excalibur Company began developing a new software package to be marketed. The project was completed in December 2021 at a cost of $54 million. Of this amount, $36 million was spent before technological feasibility was established. Excalibur expects a useful life of five years for the new product with total revenues of $90 million. During 2022, revenue of $27 million was recognized.
Required:
1. Prepare a journal entry to record the 2021 development costs.
2. Calculate the required amortization for 2022.
3. Determine the amount to report for the computer software costs in the December 31, 2022, balance sheet.

Answers

Answer:

a.

        Account Title                                                      Debit                 Credit

        Research and Development Expense        $36,000,000

        Software Development Costs                     $18,000,000

        Cash                                                                                     $54,000,000

b. The higher of the Straight-line and Percentage Revenue should be used:

Straight Line method:

= Software Development Costs / useful life

=18,000,000/5

= $3,600,000

Percentage Revenue method:

= Current revenue / Total revenue * Software Development Costs

= 27,000,000/90,000,000 * 18,000,000

= $5,400,000

Amortization = $5,400,000

c. $12,600,000

= Software development cost - Amortization for 2022

= 18,000,000 - 5,400,000

= $12,600,000

On October 1, 2020 Waterway Industries issued 6%, 10-year bonds with a face value of $8150000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2020 income statement of Waterway Industries would be

Answers

Answer:

the bond interest expense is $114,100

Explanation:

The computation of the bond interest expense is shown below:

Cash interest payable for 3 months 122,250 ($8,150,000 × 6% × 3 ÷ 12)

Less; AMortized premium for 3 months $8,150 ($8,150,000 × 4% ÷ 10 × 3 ÷ 12)

BOnd interest expense $114,100

Hence, the bond interest expense is $114,100

a. A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the seller’s (1) assets, (2) liabilities, and (3) owner’s equity?
b. Assume that the seller owes $80,000 on a loan for the land. After receiving the $298,000 cash in (a), the seller pays the $80,000 owed. What is the effect of the payment on the total amount of the seller’s (1) assets, (2) liabilities, and (3) owner’s equity?
c. Is it true that a transaction always affects at least two elements (Assets, Liabilities, or Owner’s Equity) of the accounting equation? Explain.

Answers

Explanation:

since it's given that

Acquiring value of the vacant lot =$115,000

Sale value of the vacant lot in cash=$298,000

Since the sale value is more than the Acquiring value which reflects the increment in the asset for $183,000 due to which the profit is also increased for $183,000 i.e. retained earnings

Now the effect is shown below

1. Assets = increase = $183,000

2. Liabilities = no change = $0

3. Stockholder Equity = Increased= $183,000

Stock Options
On December 30, 2014, Yang Corporation granted compensatory stock options for 5,000 shares of its $1 par value common stock to certain of its key employees. The options may be exercised after 2 years of employment. Market price of the common stock on that date was $30 per share and the option price was $30 per share. Using a fair value option pricing model, total compensation expense is determined to be $80,000. The options are exercisable beginning January 1, 2017, providing those key employees are still in the employ of the company at the time the options are exercised. The options expire on January 1, 2018.
Instructions:
Prepare the following selected journal entries for the company on the answer sheet (if no entry required, state "no entry").
(1) December 30, 2014.
(2) December 31, 2015.
(3) January 1, 2017, assuming 90% of the options were exercised at that date.
(4) January 1, 2018, for the 10% of the options that expired.

Answers

Answer:

Date               Account Titles                         Debit         Credit

Dec 30, 14     No entry on Grant Date

Dec 30, 15     Compensation expense        $40000

                             Paid in capital- stock options           $40000

Dec 30, 16     Compensation expenses       $40000

                            Paid in capital- stock options            $40000

Jan 1, 17         Cash (30*5000*90%)             $135000

                            Paid in capital- stock options            $72000

                            (80000*90%)

                            Common stock (5000*90%*1)           $4500

                            Paid in capital                                     $202500

Jan 1, 18         Paid in capital- stock options  $8000

                          Paid in capital- expired stock options  $8000

Presented below is information for Cullumber Company for the month of January 2017.

Cost of goods sold $205,200 Rent expense $33,000
Freight-out 8,200 Sales discounts 8,800
Insurance expense 13,600 Sales returns and allowances 18,600
Salaries and wages expense 60,200 Sales revenue 393,500
Income tax expense 5,300 Other comprehensive income (net of $400 tax) 2,000

Required:
Journalize the above entries.

Answers

Answer:

you cannot journalize these transactions. you can prepare an income statement which is not the same:

Sales revenue                                   $393,500

Sales discounts ($8,800)

Sales allowances ($18,600)             ($27,400)

Net sales revenue                             $366,100

Cost of goods sold                         ($205,200)

Gross profit                                       $160,900

Operating expenses:

Rent ($33,000)

Freight out ($8,200)

Insurance ($13,600)

Salaries ($60,200)                          ($150,000)

Operating income                              $10,900

Income taxes                                      ($5,300)

Net income                                          $5,600

Other comprehensive income          $2,000

Total income                                       $7,600

define mutual fund economics.​

Answers

Answer:

a mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. a mutual fund portfolio is structured and maintained to match the investment objectives stated in its prospectus.

Explanation:

Hope this helped Mark BRAINLEST!!!

Greene, Inc. uses the LIFO inventory method for external reporting and for income tax purposes but maintains its internal records using FIFO. The following disclosure note was included in a recent annual report:
Inventories ($ in millions):
2021 2020
Total inventories $800 $650
LIFO reserve (86) (65)
The company's income statement reported cost of goods sold of $3,750 million for the fiscal year ended December 31, 2021.
Fill in the blanks below to provide the amount of 2021 ending inventory, cost of goods sold, and inventory turnover if Greene had used FIFO to value its inventories.
Required:
1. Spando adjusts the LIFO reserve at the end of its fiscal year. Prepare the December 31, 2021, adjusting entry to record the cost of goods sold adjustment.
2. If Spando had used FIFO to value its inventories, what would cost of goods sold have been for the 2021 fiscal year?

Answers

Answer:

A. Dr Cost of goods sold$21

Dr LIFO reserve $21

B. $3,729

Explanation:

1. Preparation of the December 31, 2021, adjusting entry to record the cost of goods sold adjustment.

December 31, 2021

Dr Cost of goods sold$21

Dr LIFO reserve $21

($86- $65)

2. Calculation to determine what would cost of goods sold have been for the 2021 fiscal year

Cost of goods sold (Income statement)$3,750 million

Less change in LIFO $21

2021 cost of goods $3,729

($3,750-$21)

Therefore what would cost of goods sold have been for the 2021 fiscal year is $3,729

Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 34,500 customers, but actually served 29,500 customers. Revenue is $3.89 per customer served. Wages and salaries are $35,000 per month plus $1.29 per customer served. Supplies are $0.59 per customer served. Insurance is $9,200 per month. Miscellaneous expenses are $7,300 per month plus $0.29 per customer served.
Required:Prepare a report showing the company's activity variances for September. Indicate in each case whether the variance is favorable (F) or unfavorable (U).

Answers

Answer:

Varcoe Corporation

Report showing activity variances for September:

                                                  Budgeted       Actual     Variance

Number of customers served      34,500      29,500       5,000 U

Revenue per customer $3.89  $134,205    $114,755   $19,450 U

Expenses:

Wages and salaries ($35,000

plus $1.29 per customer)            79,505      73,055     $6,450 F

Supplies expense ($0.59 per

 customer served)                      20,355       17,405        2,950 F

Insurance per month                    9,200        9,200        0         N

Miscellaneous expense ($7,300

 plus $0.29 per customer)         17,305       15,855        1,450 F

Total expenses                       $126,365    $115,515   $10,850 F

Net income                                 $7,840        ($760)    $8,600 U

Explanation:

a) Data and Calculations:

                                                  Budgeted       Actual

Number of customers served      34,500      29,500

Revenue per customer $3.89 per customer served

Expenses:

Wages and salaries ($35,000 plus $1.29 per customer)

Supplies expense ($0.59 per customer served)  

Insurance per month = $9,200

Miscellaneous expense ($7,300 plus $0.29 per customer)

The normal-form game box below outlines a generic game for two players to illustrate basic principles. Each player has two strategies (top and bottom for player 1 and left and right for player 2). The letters in the boxes represent the payoffs based on the combination of strategies chosen, so if the choices are (bottom left), player 1 receives a payoff of eand player 2 receives a payoff off.
Player 2
Game Matrix Left Right
Player 1 Top a,b c,d
Bottom e, f g h
If (top, left) is a dominant strategy equilibrium, which of the following must be true?
a) A hf.
b) g> C.
c) b>d.
d) c>g.
e) aze.
Which of the following statements is true?
A. No Nash equilibrium is also a dominant strategy equilibrium.
B. No dominant strategy equilibrium is also a Nash equilibrium.
C. Every dominant strategy equilibrium is also a Nash equilibrium.
D. Every Nash equilibrium is also a dominant strategy equilibrium.

Answers

Answer:

1. c) b>d

d) c>g

2. No dominant strategy equilibrium is also a Nash equilibrium.

Explanation:

Payoff matrix are  used in business as it represent the possible outcomes of the decisions made. In the given scenario player 1 and player 2 have different outcomes based on the game matrix. The player 1 will get best possible payoff when he falls in Top Left matrix. This is dominant strategy which must be Nash equilibrium.

what are the two components of a universal policy?​

Answers

Answer:

Hey mate.....

Explanation:

This is ur answer.....

Universal policy premiums include two components: the cost of insurance amount and the savings component amount, also known as the cash value. The cost of insurance (COI) is the minimum amount you must pay to keep your policy active. This amount varies based on your age, health, and insured risk amount.

Hope it helps!

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The cost of insurance amount and the savings component amount you must pay to keep your policy active. This amount varies based on your age,health, and insured risk amount.

shows the following amounts at the end of the year: Total sales revenue = $540,000; sales discounts =
$13,000; sales returns = $33,000; sales allowances = $20,000.
Compute net revenues.

Answers

Answer: $474,000

Explanation:

Net revenue = Sales revenue - Sales discounts - Sales returns - Sales allowance

= 540,000 - 13,000 - 33,000 - 20,000

= $474,000

Sales returns reduces the sales figure because the goods were returned and therefore not paid for.

Sales discounts are a reduction as well because they reduce the amount paid by buyers.

Sales allowances also reduce the value of sales.

how to reply to brand collaboration

Answers

Answer:

"Thank you so much for reaching out. I'd love to discuss a collaboration and agree we are a good fit. I have some ideas but I'd like to hear from you what your brand needs right now as far as content goes. I look forward to working together!"

Explanation:

Gilligan Co.'s bonds currently sell for $1,230. They have a 6.75% annual coupon rate and a 15-year maturity, and are callable in 6 years at $1,067.50. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. Under these conditions, what rate of return should an investor expect to earn if he or she purchases these bonds, the YTC or the YTM? Select the correct answer. a. 3.20% b. 3.47% c. 4.01% d. 2.93% e. 3.74%

Answers

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