Mark took a loan out for $25,690 to purchase a truck. At an interest rate of 5.2% compounded
monthly, how much total will he have paid after 5 years?

Answers

Answer 1

Answer: He would have to pay 33,299.42$

Explanation:


Related Questions

rationing a product by coupons when recipients are allowed to sell them will cause

Answers

the answer is ...a market for coupons to develop

Rationing a product by coupons when recipients are allowed to sell them will cause

a) the price to rise and the revenues to flow to producers of the product
b) greater congestion problems in the marketplace
c) a market for coupons to develop
d) the price of the product to be held constant at the control price
e) all of the above
c) a market for coupons to develop

If the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called afixed-rate bond. The contract that describes the terms of a borrowing arrangement between a firm that sells a bond issue and the investors who purchase the bonds is called the . When are issuers more likely to call an outstanding bond issue

Answers

Answer:

If the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called a FIXED-RATE bond.

A fixed rate bond will see its coupon interest rate remain the same during the entire duration of the bond.

The contract that describes the terms of a borrowing arrangement between a firm that sells a bond issue and the investors who purchase the bonds is called the INDENTURE.

An indenture in the context of a bond is a legal agreement that states the terms that the investors and the bond issuer will abide by which makes it a borrowing arrangement.

When are issuers more likely to call an outstanding bond issue?

a. When interest rates are lower than they were when the bonds were issued.

When interest rates are lower, issuers are more likely to call a bond so that they can be able to reissue another bond at a lower interest which would then reduce their interest payments.

Select the correct answer.
Which of these trainings does the hospitality certification provide?
OA. ensures the safety of the food served
OB. safely serve alcohol to other individuals
OC. food has been produced and handled according to the recognized standards
OD. create the ultimate experience

Answers

Answer:

I think its all of the above or D

A study has been conducted to determine if Product A should be dropped. Sales of the product total $200,000 per year; variable expenses total $140,000 per year. Fixed expenses charged to the product total $90,000 per year. The company estimates that $40,000 of these fixed expenses will continue even if the product is dropped. These data indicate that if Product A is dropped, the company's overall net operating income would:

Answers

Answer:

21yhhyhhjjkko

Explanation:

iuuiuuuuyuiiiiiiiiok

An entrepreneur uses _____ when taking money from a savings account to finance a new business.


friends and family

investors

loans

self-financing

Answers

Answer:

An entrepreneur uses Self-financing when taking money from a savings account to finance a new business.

1.15
This financial statement reflects the flow of money in and out of a business.
occeed cash flow
Stato
Total: 15 marks
Question 2​

Answers

Answer:

cash flow statement

Explanation:

because it determines the inflows and outflows of the business

Pension data for David Emerson Enterprises include the following:
($ in millions)
Discount rate, 10%
Projected benefit obligation, January 1 $320
Projected benefit obligation, December 31 500
Accumulated benefit obligation, January 1 335
Accumulated benefit obligation, December 31 450
Cash contributions to pension fund, December 31 185
Benefit payments to retirees, December 31 61
Required:
Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.

Answers

Answer:

$209

Explanation:

Calculation to determine the service cost component of pension expense for the year ended December 31

Projected benefit obligation, December 31 500

Add Benefit payments to retirees, December 31 $61

Less Interest cost ($32)

(10%$320)

Less Projected benefit obligation, January 1 ($320)

Service cost $209

($500+$61-$32-$320)

Therefore the service cost component of pension expense for the year ended December 31 will be $209

It doesn't surprise you at all that Alex is a bit confused by what these activities mean. You explain the following: Cash flows from operations are cash inflows and outflows caused by the restaurant's main business -- selling food and beverages and catering. Cash flows from investing are payments made to acquire long-term assets or cash received from the sale of long-term assets. Cash flows from financing reflect changes in debt, loans, or dividends. You're still getting a blank look from Alex, so you give him a series of examples to help him understand the different categories. Consider each of the following items and determine whether it affects cash flows from operating, investing, or financing, and whether it is a cash inflow or a cash outflow. Then drag and drop that item into the correct bucket and click Submit. 1. The restaurant buys a new 10-burner range and convection oven. 2. You pay off the mortgage on the building. 3. You obtain a short-term loan from the bank. 4. You pay the supplier for a shipment of meat. 5. You sell a used walk-in cooler. 6. A company pays for its catering bill by giving you a check. 7. You send in your quarterly estimated income tax payment. 8. The restaurant buys a new delivery truck to be used in its growing catering business. 9. You incorporate the restaurant and sell shares of stock. 10. You purchase the building next door to the restaurant so you can add more seating area for customers.A. Cash Inflow from Operations B. Cash Outflow from OperationsC. Cash Inflow from InvestingD. Cash Outflow from InvestingE. Cash Inflow from FinancingF. Cash Outflow from Financing

Answers

Answer:

Statement of Cash Flows Activities

1. Investing activity:    D. Cash Outflow from Investing

2. Financing activity:  F. Cash Outflow from Financing

3. Financing activity:  E. Cash Inflow from Financing

4. Operating activity:  B. Cash Outflow from Operations

5. Investing activity:    C. Cash Inflow from Investing

6. Operating activity:  A. Cash Inflow from Operations

7. Operating activity:  B. Cash Outflow from Operations

8. Investing activity:    D. Cash Outflow from Investing

9. Financing activity:   E. Cash Inflow from Financing

10. Investing activity:   D. Cash Outflow from Investing

Explanation:

a) Data and Options:

A. Cash Inflow from Operations

B. Cash Outflow from Operations

C. Cash Inflow from Investing

D. Cash Outflow from Investing

E. Cash Inflow from Financing

F. Cash Outflow from Financing

All the terms are already explained in the scenario.

An online shopping website sold many email addresses in its database to another firm for a large sum of money. The new firm now has access to data of several customers and can use them to increase its sales. What does the selling of user data highlight?
A.
violating user privacy
B.
cleansing data
C.
classifying customers
D.
applying direct marketing
E.
using multiple data sources

Answers

Answer:

A.) violating user policy

do you really think reseller partners will help out to uplift the factors of macro environment?

Answers

Answer:

yes

Explanation:

On January 1, 2020 Roberts acquires 100% of Smith by issuing 100,000 shares (par value $2, fair value $10). Smith will remain as a wholly owned subsidiary of Roberts. At acquisition date, Smith had a book value of assets of $800,000 and a book value of liabilities of $200,000. Included in the assets Smith had land with a book value of $400,000 and a fair value of $330,000. Included in the liabilities, Smith had a Note Payable with a book value of $120,000 and a fair value of $80,000. What is the amount of goodwill or gain on bargain purchase at January 1, 2020.

Answers

Answer:

$430,000

Explanation:

The excess of Purchase Price over the Net Assets taken over is known as Goodwill.

Acquisition of Assets and Liabilities of a subsidiary are made at their Acquisition date Fair Value amounts.

Assets Fair Value

Book Value                                       $800,000

Adjust Land Revalued                      ($70,000)

Assets fair value                               $730,000

Liabilities Fair Value

Book Value                                      $200,000

Adjust Note Payable Revalued       ($40,000)

Liabilities fair value                          $160,000

Now,

Net Assets Acquired = $730,000 -  $160,000 = $570,000

Purchase Price = 100,000 x $10 = $1,000,000

Goodwill = $430,000

Therefore,

the amount of goodwill or gain on bargain purchase at January 1, 2020 is $430,000

The use of planning techniques is an example of

Answers

Answer:

whats this a part of anyway          

it help with essays & missions thats all i know

Explanation:

The following is a list of account titles and amounts (dollars in millions) from a recent annual report of Calvin, Inc., a leading manufacturer of games, toys, and interactive entertainment software for children and families:

Buildings and improvements $195
Prepaid expenses and other current assets 165
Allowance for doubtful accounts 39
Other noncurrent assets 210
Accumulated amortization (other intangibles) 819
Cash and cash equivalents 636
Goodwill 469
Machinery, equipment, and software 418
Accumulated depreciation 417
Inventories 300
Tools, dies, and molds 71
Other intangibles 1,359
Land and improvements 15
Accounts receivable 641

Required:
Prepare the asset section of the balance sheet for Calvin, Inc., classifying the assets into Current Assets, Property, Plant, and Equipment (net), and Other Assets.

Answers

Answer:

ASSETS

NON -CURRENT ASSETS

Buildings and improvements                              195

Land and improvements                                       15

Other intangibles                                              1,359

Machinery, equipment, and software                418

Tools, dies, and molds                                          71

Accumulated depreciation                               (417)

Goodwill                                                              469

Accumulated amortization (other intangibles) (819)

TOTAL NON -CURRENT ASSETS                    1,291

CURRENT ASSETS

Inventories 300

Prepaid expenses and other current assets   165

Allowance for doubtful accounts                     (39)

Accounts receivable                                          641

Other noncurrent assets                                   210

Cash and cash equivalents                              636

TOTAL CURRENT ASSETS                             1,613

TOTAL ASSETS                                             2,904

Explanation:

Non-current assets are assets of a long term nature ,exceeding period of 12 months.

Current assets are assets of a short term nature, not exceeding a period of 12 months.

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Cost Materials costs $ 125,500 Conversion costs $ 207,000 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round your intermediate calculations to 3 decimal places.)

Answers

Answer:

Annenbaum Corporation

The total cost transferred from the first processing department to the next processing department during the month is closest to:

= $322,022.

Explanation:

a) Data and Calculations:

Units in Beginning WIP Inventory  400

Units started in the period         6,500

Units transferred out                  5,900

Units in Ending WIP Inventory    1,000

                                        Materials costs    Conversion costs

Beginning WIP Inventory      $ 5,700 (65%)      $ 6,800 (45%)

Costs added during month 125,500                207,000

Total costs of production   $131,200               $213,000

Equivalent units:              Materials            Conversion

Units transferred out        5,900                   5,900 (100%)

Ending WIP Inventory          500 (50%)            350  (35%)

Total equivalent units      6,400                    6,250

Cost per equivalent units:  Materials            Conversion

Total costs of production   $131,200               $213,000

Total equivalent units           6,400                     6,250

Cost per equivalent unit       $20.50                 $34.08

Cost assigned to:

                                        Materials costs         Conversion costs   Total

Units transferred out        $120,950                  $201,072            $322,022

                                       ($20.5*5,900)         ($34.08**5,900)

Ending WIP Inventory         $10,250                    $11,928                $22,178

                                       ($20.5*500)              ($34.08**350)

Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $285,000, variable expenses of $147,600, and traceable fixed expenses of $68,800. The Alpha Division has sales of $595,000, variable expenses of $329,800, and traceable fixed expenses of $129,500. The total amount of common fixed expenses not traceable to the individual divisions is $130,200. What is the company's net operating income

Answers

Answer:

$880,000 is the net operating income

Why would it be economically efficient to require a natural monopoly LOADING... to charge a price equal to marginal​ cost? A. Economic efficiency requires natural monopolies to earn zero economic profits. B. Economic efficiency requires the total benefit of producing a good to equal the total cost of producing it. C. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the average cost of producing it. D. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers greater than the additional cost of producing it. E. Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the additional cost of producing it.

Answers

Answer:

Option C is the correct Option.

Explanation:

First of all, let me clear it to you that, it is a multiple choice question with 5 options in it.

Question Statement:

Why would it be economically efficient to require a natural monopoly to charge a price equal to marginal​ cost?

Solution:

The correct answer to this question is option C .

Option C = Economic efficiency requires the last unit of a good produced to provide an additional benefit to consumers equal to the average cost of producing it

Reasoning:

The marginal value of the last unit of output delivered to consumers is equal to the marginal cost of production. The overall welfare surplus is maximized, including both user and producer surpluses. There is no loss of dead weight.

At Blossom Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation for 2018 was found to be understated by $148000. (2) A strike by the employees of a supplier resulted in a loss of $124000. (3) The inventory at December 31, 2018 was overstated by $199000. The effect of these events and transactions on 2020 income from continuing operations net of tax would be

Answers

Answer:

$99,200

Explanation:

Calculation to determine The effect of these events and transactions on 2020 income from continuing operations net of tax would be

Using this formula

Effect income from continuing operations net of tax=Strike loss amount-(Strike loss amount*Tax rate )

Let plug in the formula

Effect income from continuing operations net of tax=$124,000 - ($124,000 × .20)

Effect income from continuing operations net of tax=$124,000-$24,800

Effect income from continuing operations net of tax=$99,200

Therefore The effect of these events and transactions on 2020 income from continuing operations net of tax would be $99,200

Cale Company buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds of hospitals. Cale sets its prices for all hospitals by marking up its cost of goods sold to those hospitals by 7%. For example, if a hospital buys supplies from Cale that cost Cale $100 to buy from manufacturers, Cale would charge the hospital $107 to purchase these supplies.For years, Cale believed that the 7% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits, Cale decided to implement an activity-based costing system to help improve its understanding of customer profitability. The company broke its selling and administrative expenses into five activities as shown:Activity Cost Pool (Activity Measure) Total Cost Total ActivityCustomer deliveries (Number of deliveries) $420,000 5,000 deliveriesManual order processing (Number of manual orders) 624,000 8,000 ordersElectronic order processing (Number of electronic orders)170,000 10,000 ordersLine item picking (Number of line items picked) 675,000 450,000 line itemsOther organization-sustaining costs (None) 650,000 Total selling and administrative expenses $2,539,000 Cale gathered the data below for two of the many hospitals that it serves—Georgetown and Providence (each hospital purchased medical supplies that had cost Cale $38,000 to buy from manufacturers): ActivityActivity Measure University Memorial Number of deliveries 16 28Number of manual orders 0 49Number of electronic orders 18 0Number of line items picked 190 210Required:1. Compute the total revenue that Cale would receive from Georgetown and Providence.2. Compute the activity rate for each activity cost pool.3. Compute the total activity costs that would be assigned to Georgetown and Providence.4. Compute Cale's customer margin for Georgetown and Providence.

Answers

Solution :

1.                                Calculation of total revenue

Total revenue = cost of goods sold + Markup 7% = Revenue

University       = 38000 + 2660 = 40660

Memorial        = 38000 + 2660 = 40660

Therefore, markup = cost of goods sold x market up

                              = 38000 x 7%

                              = 2660

2.                                Calculations of Activity rates

Activity rate     = activity cost pool / total activity = activity rate

Customer deliveries  = 420000 / 5000 = 84

Manual order processing = 624000 / 8000 = 78

Ele order processing = 170000 / 10000 = 17

Line time picking = 675000 / 450000 = 1.5

3.                               Calculations of Activity costs

Activity cost for University

Activity cost pool =  Activity  x  Activity rate

Customer deliveries  = 16 x 84 = 1344

Manual order processing = 0 x 78 = 0

Ele order processing = 18 x 17 = 306

Line time picking = 190 x 1.5 = 285

Total activity cost = 1935

Activity cost for Memorial

Activity cost pool =  Activity  x  Activity rate

Customer deliveries  = 28 x 84 = 2352

Manual order processing = 49 x 78 = 3822

Ele order processing = 0 x 17 = 0

Line time picking = 210 x 1.5 = 315

Total activity cost = 6489

4.      Calculation of Customer margin

                                                 University        Memorial

Sales revenue                           40660              40660

Less : Cost of goods sold        38000               38000

Gross Margin                            2660                   2660

Less : Activity cost                    1935                    6489

Customer Margin                      725                    -3829

Ratchet Manufacturing anticipates total sales for August, September, and October of $370,000, $295,000, and $305,500 respectively. Cash sales are normally 25% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of cash received for September.Multiple Choice$498,750.$351,250.$166,250.$277,500.$221,250.

Answers

Answer:

$351,250

Explanation:

Computation for the amount of cash received for September

September cash sales $73,750

(25% × $295,000)

August credit sales $277,500

(75% × $370,000)

Cash collected in September $351,250

($73,750+$277,500)

Therefore the amount of cash received for September will be $351,250

Identify which of the following statements is true. Group of answer choices All of the above are false. If a C corporation does not distribute its income to its shareholders annually, double taxation cannot occur. C corporation operating losses are deductible by the individual shareholders. Capital losses incurred by a C corporation can be used to offset the corporation's ordinary income.

Answers

Answer:

All of these are false

Explanation:

The c corporation is a corporation that is entered if the investors or shareholders are large. That is they exceed 100. The investors or shareholders pay taxes on dividends. They are subjected to what is called double taxation and are taxed separately from the owners. The obligations of the corporation are not personal to any individual and liability of the owners, workers or shareholders are limited

I tell you that if you rake all the leaves in my yard, I will show up to Business Law class next week. You immediately come over and start raking the leaves. Halfway through the job you decide to leave to do some extra Business Law reading for fun. I run after you and say, "you didn’t finish, I will sue you for this!" Your best defense is:

Answers

Answer: d. There was no valid consideration

Explanation:

Valid consideration is a clause in contract law that states that the contract cannot be valid if both sides did not make a promise to fulfil some duty to each other.

You made a promise that you would come to Business Law class if I raked the yard, however, I never made a promise that I would rake the yard if you came to class. There was therefore no valid consideration.

If investing $1,000 for a year, how frequently is simple interest paid on the principal investment?
daily
annually
never
hourly

Answers

Answer:

your intrest is probally 5% or 0.5%

Explanation:

Implying Bad News (L.O. 3) YOUR TASK Revise the following statements to imply the bad news. If possible, use passive-voice verbs and subordi-nate clauses to further de-emphasize the bad news. DIRECT REFUSAL: We cannot send you a price list, nor can we sell our lawn mowers directly to customers. We sell only through authorized dealers, and your dealer is HomeCo. IMPLIED REFUSAL: Our lawn mowers are sold only through authorized dealers, and your dealer is HomeCo.
a. We are sorry to tell you that we cannot ship our hand-dipped chocolate-covered fresh strawberries c.o.d. Your order was not accompanied by payment, so we are not shipping it. We have it ready, though, and will rush it to its destination as soon as you call us with your credit card number.
b. Unfortunately, we find it impossible to contribute to your excellent and worthwhile fund-raising campaign this year. At present all the funds of our organization are needed to lease equipment and offices for our new branch in Scottsdale. We hope to be able to support this commendable endeavor in the future.
c. Because of the holiday period, all our billboard space was used this month. Therefore, we are sorry to say that we could not give your charitable group free display space. However, next month, after the holidays, we hope to display your message as we promised.

Answers

Answer:

Implying Bad News

Direct Refusal     Implied Refusal

a.                         Our hand-dipped chocolate-covered fresh strawberries  

                           are prepaid before delivery.

b.                        Our contribution to your fundraising campaign will not be

                          forthcoming this year.

c.                        Our billboard space was used up this month.  We shall

                          display your message from next month.

Explanation:

Implied refusal or bad news is a manner of indirectly presenting information such that the refusal or bad news is not explicitly stated.  This implies that the message is coded by the sender to lessen the bad effect on the recipient.  It is only left for a discerning recipient to untangle the truth behind the message.

The following account balances were taken from the adjusted trial balance for Capstone Messenger Service, a delivery service firm, for the fiscal year ended April 30, 20Y7: Depreciation Expense $9,800 Fees Earned 520,400 Insurance Expense 1,860 Miscellaneous Expense 3,920 Rent Expense 74,500 Salaries Expense 261,700 Supplies Expense 3,330 Utilities Expense 28,400 Prepare an income statement.

Answers

Answer and Explanation:

The preparation of the income statement is presented below:

Revenues

Fees earned $520,400

Total revenues $520,400

Less expenses:

Depreciation Expense $9,800

Insurance Expense $1,860

Miscellaneous Expense $3,920

Rent Expense $74,500

Salaries Expense $261,700

Supplies Expense $3,330

Utilities Expense $28,400

Total expenses $383,510

Net income $136,890

how can a business deal with employees who have lack of focus and future goals ?​

Answers

Answer:

motivation

Explanation:

Encourage them,make them see vision .

Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio. Consider the following case: Graham Pharmaceuticals has a quick ratio of 2.00x, $31, 500 in cash, $17, 500 in accounts receivable, some assets of inventory, total $70,000, and total abilities of $24, 500. The company reported annual sales of $100,000 in the most recent annual report, over the past year, how often did Graham Pharmaceuticals sell and replace its inventory? a. 8.01 x.b. 5.24 x.c. 2.85 x.d. 4.75 x.The inventory turnover ratio across companies in the pharmaceutical industry is 4.05x. Based on this information, which of the following statements is true for Graham Pharmaceuticals? A. Graham Pharmaceuticals is holding less inventory per dollar of sales compared to the industry average. B. Graham Pharmaceuticals is holding more inventory per dollar of sales compared to the industry average. You are analyzing two companies that manufacture electronic toy s-Like Games Inc. and our Play Inc. Like Games was launched eight years ago, whereas Our Play is a relatively new company that has been in operation for only the past two years. However, both companies have an equal market share with sales of $100,000 each. You've collected company data to compare Like Games and our play. Last year the average companies in the coming year. You've collected data from the companies financial statements. This information is listed as follows:Using this information, complete the following statements to include in your analysis. Data collected (in dollars) Like Games Our Play Industary AverageAccounts receivable 2,700 3,900 3,850Net fixed assets 55,000 80,000 216,750Total assets 95,000 125,000 234,6001. A ____ days of sales outstanding represents an efficient credit and collection policy. between the two companies ____ is collecting cash from its customers faster than ____ but both companies are collecting their receivables less quickly than the industry average. 2. Our Play's fixed assets turnover ratio is ___ than that of Like Games. This could be because our play is relatively new company, so the acquisition cost of its fixed assets is ____ than the recorded cost of Like Games's fixed assets. 3. Like Games's total assets turnover ratio is ____ which is ___ than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency.

Answers

Answer:

Asset Management Ratios

Part A:

1. Inventory turnover:

= d. 4.75 x

2. Based on this information, the true statement for Graham Pharmaceuticals is:

B. Graham Pharmaceuticals is holding more inventory per dollar of sales compared to the industry average.

Part B:

1. A __Average__ days of sales outstanding represents an efficient credit and collection policy.  Between the two companies _Like Games__ is collecting cash from its customers faster than _Our Play_ but both companies are collecting their receivables less quickly than the industry average.

2. Our Play's fixed assets turnover ratio is _lower__ than that of Like Games. This could be because Our Play is relatively new company, so the acquisition cost of its fixed assets is _higher___ than the recorded cost of Like Games's fixed assets.

3. Like Games's total assets turnover ratio is _1.05x_ which is _higher_ than the industry's average total assets turnover ratio. In general, a higher total assets turnover ratio indicates greater efficiency.

Explanation:

a) Data and Calculations:

Graham Pharmaceuticals

Quick ratio = 2.00x

Cash = $31,500

Accounts receivable = $17,500

Inventory = x

Total current assets = $70,000

Total current liabilities = $24,500

Quick assets = $24,500 * 2 = $49,000 ($31,500 + $17,500)

Inventory (x) = $21,000 ($70,000 - $49,000)

Annual sales = $100,000

Inventory Turnover = $100,000/$21,000 = 4.76x

Part B:

                                      Like Games   Our Play    Industry Average

Accounts receivable             2,700         3,900           3,850

Net fixed assets                 55,000       80,000       216,750

Total assets                        95,000     125,000      234,600

Sales revenue                   100,000     100,000     100,000

Days Sales Outstanding      9.9 days   14.2 days      14x

Accounts receivable turnover 37x       25.6x          26x

Average Collection Period    9.9 days   14.3 days    14x

Fixed assets turnover ratio  1.82x        1.25x          0.46x

Total assets turnover ratio   1.05x        0.8x           0.43x

Average days of sales outstanding = Average Accounts Receivable/Sales * 365

Accounts receivable turnover = Net Sales/Average Receivable

Average Collection Period = 365/Accounts receivable turnover

Fixed assets turnover ratio = Net Sales/Net Fixed Assets

Total assets turnover ratio = Net Sales/Total assets

An advantage of a corporation is that
A
owners pay fewer taxes than owners of other forms of business.
B
the business is subject to little government regulation.
с
owners have limited liability for debt.
D
owners have direct and immediate control over daily management of the business.

Answers

Answer:

Explanation:

An advantage of a corporation is that owners have limited liability for debt.

The advantage of a corporation is that owners have limited liability for debt. Thus, option (c) is correct.

This means that the corporate entity shields the shareholders from liability beyond the value of their investments, so protecting their personal assets.

When a company regularly assumes significant risks for which it could be held liable, limited liability is a distinct advantage. A corporation also offers protection from personal liability, continuity, and security for the business, quicker access to financing, and simple ownership transfers.

Therefore, option (c) is correct.

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WalkLikeYou, Corp. is a specialty athletic shoe manufacturer which uses a job order costing system. The following information below is given for WalkLikeYou:
As of January 31 As of February 28
Inventory account balances:
Raw materials inventory $42,000 $30,000
Work in process inventory $9,200 $20,600
Finished goods $56,000 $33,500
Additional information for the month ended February 28:
Raw materials purchased $198,000
Factory payroll $150,000
Actual factory overhead costs:
Indirect materials $15,000
Indirect labor $34,500
Other overhead costs $13,500
Sales $1,100,000
Predetermined overhead rate (based on direct labor costs) = 55% of DL costs
Compute the following amounts for the month of February. You must show all of your work, either using formulas or using T-accounts.
a. Cost of direct materials used.
b. Total manufacturing costs.
c. Cost of goods manufactured.
d. Cost of goods sold.(ignore effects of underapplied / overapplied overhead)
e. Gross profit.
f. Overapplied or underapplied overhead.

Answers

Answer:

a.  $195,000

b.  $423,525

c.  $412,125

d.  $434,625

e.  $665,375

f.   $525 over-applied

Explanation:

a. Cost of direct materials used.

Cost of direct materials used = Opening Materials Inventory + Materials Purchase - Ending Materials Inventory - Indirect materials

                    = $42,000 + $198,000 - $30,000 - $15,000

                    = $195,000

b. Total manufacturing costs.

Total manufacturing costs = Variable Manufacturing Costs + Fixed Manufacturing Costs

Total manufacturing costs calculation

Direct materials                                                         $195,000

Direct Labor ($150,000 - $34,500)                          $115,500

Indirect materials                                                        $15,000

Indirect labor                                                              $34,500

Other overhead costs - applied ($115,500 x 55%)  $63,525

Total Cost                                                                 $423,525

c. Cost of goods manufactured.

Cost of goods manufactured = Opening Work In Process + Total manufacturing costs - Closing Work In Process

                                                = $9,200 + $423,525 - $20,600

                                                = $412,125

d. Cost of goods sold.

Cost of goods sold = Opening Finished Goods Inventory + Cost of goods manufactured - Closing Finished Goods Inventory

                                = $56,000 + $412,125 -  $33,500

                                = $434,625

e. Gross profit.

Gross profit = Sales - Cost of goods sold

                    = $1,100,000 - $434,625

                    = $665,375

f. Overapplied or underapplied overhead

If Actual Overheads > Applied Overheads, we have under-applied overheads

and

If Applied Overheads > Actual Overheads, we have over-applied overheads

where,

Actual Overheads =  $15,000 + $34,500 + $13,500 = $63,000

Applied Overheads = $63,525

Over-applied overheads = Applied Overheads - Actual Overheads

                                         = $63,525 - $63,000

                                         = $525

(4) Asset A has an expected return of 15% and a Sharpe ratio of .4. Asset B has an expected return of 20% and a Sharpe ratio of .3. A rational risk-averse investor would prefer a portfolio using the risk-free asset and ______. A. asset A B. asset B C. no risky asset D. not enough information to determine the answer

Answers

Answer: A. Asset A

Explanation:

The Sharpe ratio is used to adjust the return earned on an asset based on its risk. This allows investors to know the returns they are getting for risk being taken.

A higher Sharpe ratio is preferred to a lower one as it shows that more returns are being received per risk taken. A rational risk averse investor would therefore pick Asset A because they would be getting more return for the risk they take regardless of how little this risk is.

Returns on ABC, Inc. are forecast to be the following: State Probability Return Boom 0.25 30% Normal 0.65 15% Bust 0.10 -14% What is the standard deviation of this company’s stock? Returns on ABC, Inc. are forecast to be the following: State Probability Return Boom 0.25 30% Normal 0.65 15% Bust 0.10 -14% What is the standard deviation of this company’s stock? 11.82% 11.56% 11.32% 11.07% 10.83%

Answers

Answer:

Standard deviation=11.82%

Explanation:

Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks. Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company .

Standard deviation is the sum of the squared deviation of the individual return from the mean return under different scenarios

Expected return (r) = (30% × 0.25 ) + (15% × 0.65) + (-14%× 0.10)=15.8%

Outcome (R- r )^2 × P

Boom      (30%-15.8)^2× 0.25 = 50.05

Normal    (15%-15.8)^2×0.65 =   0.47

Bust       ( 13.6%- 15.8)^2 ×0.1=    89.10

                                                    139.63

Standard deviation =√139.63= 11.82%

Standard deviation=11.82%

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