Answer:
P0 = $99.2830 rounded off to $99.28
Explanation:
The dividend discount model (DDM) can be used to calculate the price of the stock today. DDM calculates the price of a stock based on the present value of the expected future dividends from the stock. The formula for price today under DDM is,
P0 = D1 / (1+r) + D2 / (1+r)^2 + ... + Dn / (1+r)^n + [(Dn * (1+g) / (r - g)) / (1+r)^n]
Where,
D1, D2, ... , Dn is the dividend expected in Year 1,2 and so on g is the constant growth rate in dividends r is the discount rate or required rate of return
P0 = 4.6 * (1+0.05) / (1+0.07) + 4.6 * (1+0.05) * (1+0.04) / (1+0.07)^2 +
4.6 * (1+0.05) * (1+0.04) * (1+0.03) / (1+0.07)^3 +
[(4.6 * (1+0.05) * (1+0.04) * (1+0.03) * (1+0.02) / (0.07 - 0.02)) / (1+0.07)^3]
P0 = $99.2830 rounded off to $99.28
• The Vice President of Customer Service has expressed concern over a project in which you are involved. His specific concern is with the staff you have identified to work on a project to migrate the corporate website from the data center to the cloud. The project sponsor insists that you need to cut down on your project staff. You are the project manager. What resources do you think are really necessary for this project? How would you respond to the project sponsor to defend your staffing plan?
Answer: A. The VP of customer service is correct. Since the cost was not taken into account at the beginning of the project, the project should not go forward as planned. Project initiation should be revisited to examine the project plan and determine how changes can be made to accommodate customer service. B.
Explanation:
To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 13% discount. During May, employees purchased 15,000 shares at a time when the market price of the shares on the New York Stock Exchange was $13 per share. KL will record compensation expense associated with the May purchases of:
Answer:
$25,350
Explanation:
Calculation to determine what KL will record compensation expense associated with the May purchases of
Compensation expense =[(15,000 shares
x $13 per share)*13%]
Compensation expense =$195,000 x 13%
Compensation expense =$25,350
Therefore KL will record compensation expense associated with the May purchases of $25,350
Softwind Manufacturing anticipates annual sales of 40,000 units and has the following information regarding one of its products: Annual unit sales 40,000 Fixed manufacturing costs $ 22 Variable manufacturing costs 44 Variable selling and administrative costs 16 Fixed selling and administrative costs 8 Desired profit per unit 18 If Softwind uses cost-plus pricing based on absorption manufacturing cost, what is the sales price Softwind will charge for this product
Answer:
Selling price= $84
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unitary cost= varaible manufacturing cost + fixed manufacturing cost
Unitary cost= 44 + 22= $66
Selling price= 66 + 18
Selling price= $84
Activity-Based Product Costing
Sweet Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows:
Activity Budgeted Activity Cost
Production $471,200
Setup 310,800
Inspection 81,000
Shipping 156,000
Customer service 65,500
Total $1,084,500
The activity bases identified for each activity are as follows:
Activity Activity Base
Production Machine hours
Setup Number of setups
Inspection Number of inspections
Shipping Number of customer orders
Customer service Number of customer service requests
The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows:
Machine Hours Number of
Setups Number of
Inspections Number of
Customer Orders Customer
Service
Requests Units
White sugar 3,340 180 200 780 50 8,350
Brown sugar 2,130 270 300 2,150 320 5,325
Powdered sugar 2,130 250 500 970 130 5,325
Total 7,600 700 1,000 3,900 500 19,000
Each product requires 0.9 machine hour per unit.
Required:
If required, round all per unit amounts to the nearest cent.
1. Determine the activity rate for each activity.
Production $ per machine hour
Setup $ per setup
Inspection $ per move
Shipping $ per cust. ord.
Customer service $ per customer service request
2. Determine the total and per-unit activity cost for all three products.
Total Activity Cost Activity Cost Per Unit
White sugar $ $
Brown sugar
Powdered sugar
3. Why aren’t the activity unit costs equal across all three products since they require the same machine time per unit?
The unit costs are different because the products consume many activities in ratios different from the .
no matteehow much times i read this is still cant process this
1. Ownership of the 1,000 shares outstanding are evenly divided among 80 shareholders. The shareholders are 78 individuals, 10 of whom are married to each other, and two estates. Permitted 2. A domestic corporation elects S status on April 15. Retroactively effective 3. Articles of incorporation authorize 800 shares of voting common stock, 200 shares of nonvoting preferred, and no other shares. Not permitted 4. A domestic corporation elects S status on March 3. When is the earliest effective date
Answer: hello the options to your question is missing attached below are the missing options
permittedsubsequently effectivepermittedRetroactively effectiveExplanation:
1) permitted ; because the ownership is divided into less than 100 shareholders at the time .
2) subsequently effective ; Because April 15 is after 2.5 months of the beginning of the Financial year
3) Permitted : Because S status can issue voting and Non-voting stock
4) Retroactively effective : The earliest effective date is within 2.5 months of the Financial year
Enter the following cash payments transactions in a general journal: Sept. 5 Issued Check No. 318 to Clinton Corp. for merchandise purchased August 28, $6,300, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to Martin Company for merchandise purchased September 2, $7,500, terms 1/10, n/30. A credit memo had been received on September 8 from Martin Company for merchandise returned, $500. Payment is made within the discount period after deduction for the return dated September 8. 19 Issued Check No. 320 to Expert Systems for merchandise purchased August 20, $3,900, terms n/30. 27 Issued Check No. 321 to Dynamic Data for merchandise purchased September 17, $9,000, terms 2/10, n/30. Payment is made within the discount period g
Answer:
Cash Payments Transactions
General Journal
Sept. 5: Debit Accounts payable (Clinton Corp.) $6,300
Credit Cash $6,174
Credit Cash Discounts $126
To record the payment, via Check No. 318 for full settlement, including discount.
Sept. 12: Debit Accounts payable (Martin Company) $7,000
Credit Cash $6,930
Credit Cash Discounts $70
To record the payment on account, via Check No. 319, including discount.
Sept. 19: Debit Accounts payable (Expert Systems) $3,900
Credit Cash $3,900
To record payment on account.
Sept. 27 Debit Accounts payable (Dynamic Data) $9,000
Credit Cash $8,820
Credit Cash Discounts $180
To record payment on account, including discount.
Explanation:
a) Data and Analysis:
Sept. 5: Accounts payable (Clinton Corp.) $6,300 Cash $6,174 Cash Discounts $126 Check No. 318
Sept. 12: Accounts payable (Martin Company) $7,000 Cash $6,930 Cash Discounts $70 Check No. 319
Sept. 19: Accounts payable (Expert Systems) $3,900 Cash $3,900
Sept. 27 Accounts payable (Dynamic Data) $9,000 Cash $8,820 Cash Discounts $180
Indicate the proper financial statement classification for each of the following accounts: Accounts Classification Gain on Bond Retirement (material amount) Answer Discount on Bonds Payable Answer Mortgage Notes Payable Answer Bonds Payable Answer Bond Interest Expense Answer Bond Interest Payable Answer Premium on Bonds Payable Answer
Answer:
Gain on Bond Retirement(Income Statement)
Discount on Bonds Payable(Balance Sheet)
Mortgage Notes Payable (Balance Sheet)
Bonds Payable (Balance Sheet)
Bond Interest Payable(Balance Sheet)
Explanation:
The internal rate of return : (mark all that applies) does not need a required rate to calculate. rule states that a typical investment project with an IRR that is less than the required rate of return should be accepted. is the more sound decision rule when dealing with mutually exclusive projects is the rate that causes the net present value of a project to exactly equal zero. can effectively be used to analyze all investment scenarios.
Answer:
does not need a required rate to calculate
is the rate at which npv is zero
Explanation:
Internal rate of return is an example of capital budgeting method
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
Projects with the IRR greater than the discount rate should be accepted. It means that it is profitable.
Projects with more than one negative cash flow are unsuitable for calculating with IRR. This is because it can lead to multiple IRR, Thus, it not suitable for analysing all investment scenarios.
The net present value is the most preferred capital budgeting method
Other capital budgeting methods includes
1. profitability index = 1 + (NPV / Initial investment)
2. Accounting rate of return = Average net income / Average book value
3. Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
4. Net present value is the present value of after-tax cash flows from an investment less the amount invested.
You may file a complaint with OSHA if you believe a violation of any of the following situations exist in your workplace.
Safe conditions
Job Hazard Analysis
Imminent Danger
• No Hazards
Answer: Imminent Danger
Explanation:
A complaint with OSHA can be filed with the existence of the following workplace situation C. Imminent Danger.
What is OSHA?OSHA stands for the federal government's regulatory agency known as the Occupational Safety and Health Administration. OSHA is one of the agencies of the United States Department of Labor. It has powers to inspect, examine workplaces, and impose sanctions.
Thus, employees can file complaints with OSHA when there is an imminent danger, but they do not need to do so where safe conditions, job hazard analysis, and no hazards exist.
Learn more about filing OSHA complaints here: https://brainly.com/question/10078747
Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2021. The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. The actual return was also 10% in 2021 and 2022\.\* A consulting firm, engaged as actuary, recommends 6% as the appropriate discount rate. The service cost is $250,000 for 2021 and $380,000 for 2022. Year-end funding is $260,000 for 2021 and $270,000 for 2022. No assumptions or estimates were revised during 2021. * We assume the estimated return was based on the actual return on similar investments at the inception of the plan and that, since the estimate didn't change, that also was the actual rate in 2022. Required: Calculate each of the following amounts as of both December 31, 2021, and December 31, 2022: (Enter your answers in thousands (i.e., 200,000 should be entered as 200).)
Answer:
Details Dec. 31, 2021 Dec. 31, 2022
1. Projected benefit obligation $250 $645
2. Plan assets $260 $556
3. Pension expense $250 $369
4. Net pension asset or net pension liability $10* $89**
Where:
* implies asset
*** implies liability
Note: The figure above are in thousands buy entered as required in the question (Enter your answers in thousands (i.e., 200,000 should be entered as 200).)
Explanation:
Note: See the attached excel file for the calculations Projected benefit obligation, Plan assets, Pension expense, and Net pension asset or net pension liability for December 31, 2021 and December 31, 2022 respectively.
On July 1, Year 1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $7,200,000 of 8-year, 11% bonds at a market (effective) interest rate of 12%, receiving cash of $6,836,187. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
Required:
1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.
Year 1 July 1 Cash 309.236
Discount on Bonds Payable 3,690,764
Bonds Payable 46,000,000
2. Journalize the entries to record the following:
A. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method.
B. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the interest method.
3. Determine the total interest expense for Year 1.
Answer:
Livingston Corporation
1.
Year 1 July 1
Debit Cash $6,836,187
Debit Discount on Bonds Payable $363,813
Credit Bonds Payable $7,200,000
To record bonds proceeds and liability.
2.
A. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method.
December 31, Year 1:
Debit Interest Expense $418,738
Credit Bond Discounts $22,738
Credit Cash $396,000
To record interest expense for the first six months and the amortization of bond discounts.
B. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the interest method.
December 31, Year 1:
Debit Interest Expense $411,021
Credit Bond Discounts $15,021
Credit Cash $396,000
To record interest expense for the second six months and the amortization of bond discounts.
3. Determine the total interest expense for Year 1.
Total interest expense for Year 1:
Straight- Effective
Line Method Interest Method
December 31, Year 1 $418,738 $410,171 ($6,836,187 * 6%)
= Cash payment + Semi-annual
Amortization of bonds discount
= ($396,000 + $22,738)
Explanation:
a) Data and Calculations:
Face value of bonds issued = $7,200,0
Cash received = $6,836,187
Total bonds discount = $363,813 ($7,200,000 - $6,836,187)
Period of bonds = 8 years
Interest rate of bonds = 11%
Effective interest rate = 12%
Semi-annual cash payment = $396,000 ($7,200,000 * 11% * 6/12)
First interest expense on December 31 Year 1 = $410,171 ($6,836,187 * 12% * 6/12)
Amortization of bond discount for the first six months = $14,171 ($410,171 - $396,000)
Bond balance after the first six months = $6,850,358 ($6,836,187 + $14,171)
Second interest expense on June 30, Year 2 = $411,021 ($6,850,358 * 6%)
Amortization of bond discount for the second six months (June 30, Year 2) = $15,021 ($411,021 - $396,000)
Bond balance on June 30, Year 2 = $6,865,379 ($6,850,358 + $15,021)
Straight-line method amortization:
Semi-annual amortization of bond discount = $22,738 ($363,813/16)
Interest expense = $396,000
You decide to buy a 60 unit apartment complex in Austin for $15,000,000. You have $6,000,000 to use as a down payment and have applied for a $9,000,000 mortgage loan from Bank of the Ozarks. The loan will have a 25 year term, be fully amortizing, and have fixed interest rate of 6.24% per annum. What is your monthly payment on the loan?
a. $54,731.69
b. $59,314.62
c. $65,731.09
d. $98,857.71
Answer:
Monthly payment= $59,314.62
Explanation:
Giving the following information:
Loan= $9,000,000
Number of periods (n)= 25*12= 300 months
Interest rate= 0.0624/12= 0.0052
To calculate the monthly payment, we need to use the following formula:
Monthly payment= (PV*i) / [1 - (1+i)^(-n)]
Monthly payment= (9,000,000*0.0052) / [1 - (1.0052^-300)]
Monthly payment= $59,314.62
Limited partnership is best suited to rising large amount of capital.
True or false?
Heidi is having trouble understanding the Black Lives Matter (BLM) movement and why her workplace sent out an email affirming the company's commitment to diversity and inclusion. This is probably because as a white woman from a small town with little exposure to diversity efforts, Heidi has not had much education about what BLM is trying to accomplish. She is wrestling with this new information about systemic racism and ultimately dismisses it as unfounded because it is contrary to her past experiences. This is an illustration of which of the following?
a. Stereotyping
b. An entrenched mental model
c. Leader-Member Exchange Theory
d. Ethnocentrism
e. Social Identity Theory
Answer:
e. Social Identity Theory
Explanation:
It is correct to state that the scenario in the question above refers to the theory of social identity, which is a theory that seeks to explain how the categorization of groups such as those based on culture, social class, race, age, directly impact the life of an individual and their perception of the world. Psychology seeks to analyze how important it is for an individual to belong to a group and to form an identity based on the collective of that group, that is, to form a society.
Therefore, the theory of social identity suggests that there is an inclination for individuals to overestimate the characteristics of the group to which they belong and to minimize the characteristics of other groups, which can generate prejudice, racism and apathy, which is what happened with Heidi, who considered information about systemic racism unfounded by the fact that they are contrary to their previous experiences.
UML Inc. issued 9% bonds on January 1, 2021. The bonds have a maturity date of December 31, 2024 and a face value of $500,000. UML Inc. issued the bonds for $483,842. For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31, beginning June 30, 2021. What is the outstanding balance (book value) of the bonds as of December 31, 2021
Answer:
The outstanding balance (book value) of the bonds as of December 31, 2021 is $480,542.41.
Explanation:
Note: See the attached excel file for the amortization schedule used in calculating the outstanding balance (book value) of the bonds as of December 31, 2021 (in bold red color).
From the attached amortization schedule, we have:
December 31, 2021 Closing book balance = December 31, 2021 Beginning book balance - December 31, 2021 Discount Amortized = $480,542.41
Therefore, the outstanding balance (book value) of the bonds as of December 31, 2021 is $480,542.41.
Paid $42,000 cash to replace a motor on equipment that extends its useful life by four years. Paid $210 cash per truck for the cost of their annual tune-ups. Paid $168 for the monthly cost of replacement filters on an air-conditioning system. Completed an addition to a building for $236,250 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record the four transactions from part 1.
Answer:
Part 1
Replacement of motor on equipment - Capital Expenditure
Cost of Initial tune -ups - Capital Expenditure
Replacement filters on an air-conditioning system - Revenue Expenditure
Addition to a Building - Capital Expenditure
Part 2
Item 1
Debit : Equipment $42,000
Credit : Cash $42,000
Item 2
Debit : Truck $210
Credit : Cash $210
Item 3
Debit : Replacement expense $168
Credit : Cash $168
Item 4
Debit : Buildings $236,250
Credit : Cash $236,250
Explanation:
Capital Expenditure is any expenditure incurred to enhance the economic value of an asset. This include improvements or costs directly incurred to place the asset in the location and condition intended for use by the management.
Revenue Expenditure is any expenditure incurred to maintain daily operations of the company. This includes repairs and maintenance expenses.
WiseGuy Capital mutual fund has $200 million in assets and 10 million shares at the start of the year and with $250 million in assets and 11 million shares at the end of the year. During the year investors have received income distributions of $2 per share and capital gain distributions of $.25 per share. Assuming that the fund carries no debt, does not charge any load, and the total expense ratio is 2%, what is the rate of return on the fund
Answer:
The return rate on the fund is "23.75%".
Explanation:
The given values are:
In the starting of the year,
Mutual fund assets,
= $200
Share,
= 10 million
In the end of the year,
Income distribution,
= $2 per share
Capital gain distribution,
= $.25 per share
Total expense ration,
= 2%
Now,
The initial NAV will be:
= [tex]\frac{200mn}{10mn}[/tex]
= [tex]20[/tex]$
The final NAV will be:
= [tex]250-\frac{250\times 0.01}{11}[/tex]
= [tex]22.5[/tex]
hence,
The return will be:
= [tex]\frac{Change \ in \ NAV+Div+Capital \ gain \ distribution}{Initial \ NAV}[/tex]
On substituting the values, we get
= [tex]\frac{22.5-20+2+0.25}{20}[/tex]
= [tex]\frac{4.75}{20}[/tex]
= [tex]0.2375[/tex]
i.e.,
= [tex]23.75[/tex]%
Laurel Enterprises expects earnings next year of $ per share and has a retention rate, which it plans to keep constant. Its equity cost of capital is , which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be?
Answer: $49.26
Explanation:
Using the Gordon Growth model, the price of stock should be:
= Next divided / (Cost of equity - growth rate)
Next dividend = Earnings per share * (1 - Retention rate)
= 4.44 * ( 1 - 40%)
= $2.66
Price of stock:
= 2.66 / (9% - 3.6%)
= $49.26
You have a 25-year maturity, 10% coupon, 10% yield bond with a duration of 10 years and a convexity of 135. If the interest rate were to increase 125 basis points, your predicted price change for the bond (including convexity) is
Answer:
The price change for the bond is -10.31%
Explanation:
Use the following formula to calculate the price change for the bond
Price change of bond = ( -Modified duration x Change in rate ) + ( 0.5 x Convexity x ( Change in rate )^2 )
Where
Modified duration = Duration / ( 1 + YTM ) = 10 years / ( 1 + 10% ) = 9.0909091
Change in rate = 125 basis point / 100 = 1.25%
Convexity = 135
Placing Values in the formula
Price change of bond = ( -9.0909091 x 1.25% ) + ( 0.5 x 135 x ( 1.25% )^2 )
Price change of bond = -0.11364 + 0.01055
Price change of bond = -0.10309
Price change of bond = -0.1031
Price change of bond = -10.31%
Langley Clinics, Inc., buys $400,000 in medical supplies each year (at gross prices) from its major supplier, Consolidated Supplies, which offers Langley terms of 2.5/10, net 45. Currently, Langley is paying the supplier the full amount due on day 45, but it is considering taking the discount, paying on day 10, and replacing the costly trade credit with a bank loan that has a 10 percent annual cost.
Required:
a. What is the amount of free trade credit that langley obtains from Consolidated Services?(assume 360 days per year throughout this problem)
b. What is the amount of costly trade credit?
c. What is the approximate annual cost of the costly trade credit?
d. Should Langley replace its trade credit with the bank loan? explain your answer.
e. If the bank loan is used, how much of the trade credit should be replaced?
Answer:
Explanation:
a. What is the amount of free trade credit that langley obtains from Consolidated Services?
Since there's a 2.5% discount, amount paid will be:
= $400000 - (2.5% × $400000)
= $400000 - $10000
= $390000
The amount of free trade credit that langley obtains from Consolidated Services since payment was made within 10 days will be:
= ($390000/360) × 10
= $1083 × 10
= $10833
b. What is the amount of costly trade credit?
Assuming Langley pays by day 45, the increase in its accounts payable will be:
= 45 x $1,083
= $48,735
Therefore, the amount of costly trade credit will be:
= Total trade credit – Free trade credit = $48,735 – $10,833
= $37,902
c. What is the approximate annual cost of the costly trade credit?
The percentage cost will be:
= 10000 / 37902
= 26.38%
d. Should Langley replace its trade credit with the bank loan?
Langley should replace the trade credit with a bank loan if it can get a bank loan that's can less than 26.38%, then the trade credit of $37902 should be replaced.
e. If the bank loan is used, how much of the trade credit should be replaced?
Only the trade credit of $37902 should be replaced.
Suppose 5 years have gone by and the company has to make a decision on how to move forward. It can either pay out all earnings as dividends without considering any growth opportunities or choose a growth strategy where the company will expand into new lines of business in global markets. If the management chooses this strategy, the payout ratio will be reduced down to 20% from 35%, and the company will be able to maintain a growth rate of 7% forever. Which strategy should the management choose to maximize shareholder value
Answer:
The management should choose the growth strategy. It is always more rewarding and maximizes the shareholder value better than embarking on a payout strategy.
Explanation:
Choosing a payout strategy, which does not ensure growth, is not sustainable and does not maximize shareholder value. Business expansion through market penetration, product development, market expansion, and diversification ensures business growth and maximizes shareholder wealth, enabling the company to pay out more in dividends stretched over longer streams.
Chris invests a total of $19,000 in two accounts. The first account earned a rate of return of 13% (after a year). However, the second account suffered a 2% loss in the same time period. At the end of one year, the total amount of money gained was $1,495.00. How much was invested into each account
Answer:
Amount invested in account with 13% return = $12499.97 rounded off to 12500
Amount invested in account with -2% return = 6500.03 rounded off to 6500
Explanation:
To calculate the amount invested in each account, we must first calculate the total return earned by Chris as a percentage of his investment.
Total Return/gain = 1495 / 19000 = 0.078684 or 7.8684%
To calculate the overall return, we must use the weighted average of returns provided by each account. The weighted average can be calculated as follows,
Average Overall Return = wA * rA + wB * rB
Where,
w represents the weight of investment in each account as a percentage of overall investmentr represents the return provided by each accountLet weight of investment in account that provided 13% return be x
Let weight of investment in account that provided -2% return be (1 - x)
0.078684 = x * 0.13 + (1-x) * -0.02
0.078684 = 0.13x - 0.02 + 0.02x
0.078684 + 0.02 = 0.15x
x = 0.098684 / 0.15
x = 0.65789333333 or 65.789333333%
Amount invested in account with 13% return = 19000 * 65.789333333%
Amount invested in account with 13% return = $12499.97 rounded off to 12500
Amount invested in account with -2% return = 19000 * (1 - 65.789333333%)
Amount invested in account with -2% return = 6500.03 rounded off to 6500
A process with no beginning work in process, completed and transferred out 84300 units during a period and had 50300 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period for conversion costs were:
Answer:
$94,360
Explanation:
Calculation to determine what The equivalent units of production for the period for conversion costs were
Equivalent units of production=[$84,300+ ($50,300 * 20% ]
Equivalent units of production=$84,300+$10,060
Equivalent units of production=$94,360
Therefore The equivalent units of production for the period for conversion costs were $94,360
In September, Larson Inc. sold 40,000 units of its only product for $240,000, and incurred a total cost of $225,000, of which $25,000 was fixed costs. The flexible budget for September showed total sales of $300,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $63,000U; and, sales volume variance, in terms of contribution margin, $27,000U. The sales volume variance, in terms of operating income, for September (to the nearest dollar) was:
Answer:
The sales volume variance is $20,000 Unfavorable.
Explanation:
Particular : Actual ; Flexible Budget ; Variance
Sales : 240,000 ; 300,000 ; 60,000 U
Variable Cost : 200,000 ; 192,000 ; 8,000 U
Contribution Margin : 40,000 ; 108,000 ; 68,000 U
Fixed Cost : 25,000 ; 80,000 ; 55,000 U
Operating Income : 15,000 ; 28,000 ; 20,000U
Cincinnati t-shirts prints custom t-shirts. The cost to produce one shirt is: direct materials, $10; direct labor, $1.20; and manufacturing overhead $4.50. Cincinnati Children’s Hospital asked Cincinnati t-shirt to sell them custom t-shirts for $12 each for a local charity event. Direct material and direct labor are required for each t-shirt. Of the manufacturing overhead, $1.50 is variable and would be incurred on each additional unit. The remaining $3 in overhead is allocated fixed overhead that would not be increased or decreased by this order. What would be the effect on net income if they accept this special order and sell 200 shirts to Cincinnati Children’s Hospital for $12 each?
Answer:
Effect on income= $140 decrease
Explanation:
Giving the following formula:
Production costs:
Direct material= 10
Direct labor= 1.2
Variable overhead= $1.5
Selling price= $12
Number of units= 200
Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.
Effect on income= Units sold*unitary contribution margin
Effect on income= 200*(12 - 10 - 1.2 - 1.5)
Effect on income= $140 decrease
Myriad Solutions, Inc. issued 12% bonds, dated January 1, with a face amount of $350 million on January 1, 2021, for $312,921,210. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31. 1. What would be the net amount of the liability Myriad would report in its balance sheet at December 31, 2021
Answer:
Myriad Solutions, Inc.
The net amount of the liability that Myriad would report in its balance sheet at December 31, 2021 is:
= $314,793,494
Explanation:
a) Data and Calculations:
Face value of bonds = $350 million
Discounted value (Cash receipt) = $312,921,210
Total amount of discount = $37,078,790
Bond's interest rate = 12%
Market yield = 14%
June 30, 2021:
Cash payment for interest = $21 million ($350 m * 6%)
Bonds' Interest expense = $21,904,485 ($312,921,210 * 7%)
Amortization of bond discount = $904,485 ($21,904,485 - $21 million)
Bond book value = $313,825,695 ($312,921,210 + $904,485)
Dec. 31, 2021:
Cash payment for interest = $21 million ($350 m * 6%)
Bonds' Interest expense = $21,967,799 ($313,825,695 * 7%)
Amortization of bond discount = $967,799 ( $21,967,799 - $21 million)
Bond book value = $314,793,494 ($313,825,695 + $967,799)
Why is it important for everyone in an organization to have the opportunity to
contribute to the mission statement?
A. So it defines expected outcomes clearly
B. So that it will be accepted and used by employees
C. So employees know the organization's history
O D. So the organization can track progress toward meeting its goals
Answer: so that it will be accepted and used by employees
Explanation:
AP EX
How can life expectancy and literacy rates affect the quality of labor in the economy?
Answer:
I think it'll affect in a negative way cuz...
Explanation:
if life expectancy is higher than literacy rates then we have more ppl to provide for therefore more labour must be done but since the literacy rates are lower, not many ppl will be literate therefore no labour can be done!
You are on a TV game show and can choose one of the following. Which would you
take?
Choose, define, and restrict a topic based on a problem or issue you might deal with in one of the following divisions of a company: a. IT b. human resources/diversity c. security d. marketing e. accounting f. health care/health risks g. energy/utilities h. animal rights i. transportation j. environment Discuss the steps you took to narrow the topic, the audience you would be writing for, and the types of questions that audience may have.
Answer:
Human resource department is the one of the most important department in any organization. It has to deal with the concerns and problems of all the employees and satisfy them positively.
Explanation:
Human resource department is the first go to department for any employee when he faces some problem related to discrimination, demotivation, stressed or low pay. It is responsibility of human resource department to solve the problems that employees are facing. They have to resolve any issues that an employee is facing and assure him that his concerns will be dealt with pure justice.