Answer:
b.$11,088
Explanation:
The computation of the interest expense is shown below
= Cash interest + discount amortized
= ($88,000 × 12%) + ($88,000 - $85,360) ÷ 5 years
= $10,560 + $528
= $11,088
Hence, the interest expense is $11,088
Therefore the correct option is b.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
How much money did he save by paying
Orchid provides quick project solutions. Clients send projects to Orchid via their web page and a employees develop the needed project solutions as quickly as possible. Orchid has five employees who do all of the solutions. On average, a project arrives once every 7 hours, with a standard deviation of 10.5 hours. Each project is assigned to one employee and that employee takes on average 30 hours to complete each project, with a standard deviation of 45 hours. How many uncompleted projects does Orchid have in the system on average at any given time?
Answer:
the uncompleted projects done in the system on average is 0.071
Explanation:
The computation of the uncompleted projects done in the system on average is shown below
Lq = λ^2 ÷ [µ (µ - λ)]
where,
λ = 7 hours
µ = 30 hours
So,
Lq = 7^2 ÷ [30 (30 – 7)]
= 49 ÷ [30 × 23]
= 0.071
hence, the uncompleted projects done in the system on average is 0.071
We simply applied the above formula so that the correct value could come
And, the same is to be considered
You want to have $500,000 in today's (real) dollars when you retire in 40 years. The expected inflation rate is 1.1% and the nominal return on your investments is 6.5%. How much money do you have to save now if you can't make any additional deposits?
Answer:
Initial deposit= $62,378.07
Explanation:
First, we need to calculate the nominal value of $500,000 in 40 years:
Future Value= PV*(1+r)^n
r= inflation rate
FV= 500,000*(1.011^40)
FV= $774,490.74
Now, the initial deposit (PV) to be made in the present:
PV= FV/(1+i)^n
i= interest rate
PV= 774,490.74 / (1.065^40)
PV= $62,378.07
A large food chain of health foods stores, sells its common stock at a par value of $20, and the offering price is $10. This means that the capital in excess of a par is
A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares. Hence Capital in Excess pf a par is $ 10. ($20-$10)
What is common Stock ?This kind of share entitles the bearer to a portion of the company's income as well as voting rights regarding corporate policy and the make-up of the board of directors.
Any specific corporate assets do not belong to common stockholders; instead, they are owned equally by all shareholders. In the event that a corporation issues both ordinary and preference shares, the preference owners will be paid dividends first.
In the any monies remaining after bondholders, creditors (including employees), and preference shareholders have been paid are distributed to regular shareholders. The typical outcome of a bankruptcy-based liquidation is that the ordinary shareholders receive nothing.
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Net capital outflow measures the imbalance between the amount of a. foreign assets held by domestic residents and domestic assets held by foreign residents. b. foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners. c. foreign assets bought by domestic residents and the amount of domestic goods and services sold to foreigners. d. None of the above is correct
Answer:
b) the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.
Explanation:
Net capital outflow can be regarded as net flow of invested funds in country abroad by a home country during a particular period of time. It should be noted that the Net capital outflow measures the imbalance between the amount of the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.
Use the following selected date and additional information from the records of Hitchcock Corporation to answer the question that follows. Balance Sheet Data 2004 2003 Accounts Receivable $50,000 $40,000 Inventories 22,000 25,000 Prepaid Rent 13,000 5,000 Accounts payable 13,000 20,000 Salaries payable 9,000 15,000 Taxes payable 18,000 11,000 Income Statement Data 2004 Depreciation Expense 6,000 Net Income 50,000
Answer:
$35,000
Explanation:
Requirement: Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method
Cash from Operating Activities
Particulars Amount$
Net income 6000
Add: Depreciation expense 50000
Operating Cash Flow before 56000
Change in Working Capital
Add:
Decrease in inventory 3000
Increase in incomes taxes payable 7000 10000
Less:
Increase in accounts receivable 10000
Increase in prepaid Rent 8000
Decrease in accounts payable 7000
Decrease in salaries payable 6000 -31000
Cash from Operating Activities $35000
Benet Company has budgeted the following unit sales:
2019 2020
Quarter Units Quarter Units
1 1105,000 1 4120,000
2 190,000
3 260,000
4 375,000
The finished goods inventory on hand on December 31, 2018 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2019.
Answer:
Benet Company
Production Budget for 2019:
Quarter Quarter Quarter Quarter
1 2 3 4
Ending inventory 38,000 52,000 75,000 24,000
Units Sold 105,000 190,000 260,000 375,000
Units available for
production 143,000 242,000 335,000 399,000
Beginning Inventory 21,000 38,000 52,000 75,000
Units produced 122,000 204,000 283,000 324,000
Explanation:
a) Data and Calculations:
2019 2020
Quarter Units Quarter Units
1 105,000 1 120,000
2 190,000
3 260,000
4 375,000
Ending inventory
December 31, 2018 = 21,000
Quarter 1, 2019 = 38,000 (190,000 * 20%)
Quarter 2, 2019 = 52,000 (260,000 * 20%)
Quarter 3, 2019 = 75,000 (375,000 * 20%)
Quarter 4, 2019 = 24,000 (120,000 * 20)
Production Budget for 2019:
Quarter Quarter Quarter Quarter
1 2 3 4
Ending inventory 38,000 52,000 75,000 24,000
Units Sold 105,000 190,000 260,000 375,000
Units available for
production 143,000 242,000 335,000 399,000
Beginning Inventory 21,000 38,000 52,000 75,000
Units produced 122,000 204,000 283,000 324,000
If a firm pursues a strategic alliance in order to reduce industry overcapacity, that firm most likely operates in what type of market
Answer:
Standard cycle
Explanation:
If a firm pursues a strategic alliance in order to reduce industry overcapacity, that firm most likely operates in what type of market
Norwood, Inc. purchased a crane at a cost of $80,000. The crane has an estimated residual value of $5,000 and an estimated life of eight years, or 12,500 hours of operation. The crane was purchased on January 1, 2017, and was used 2,700 hours in 2017 and 2,600 hours in 2018. Refer to the information for Norwood, Inc. If Norwood uses the straight-line depreciation method, what is the book value at December 31, 2019
Answer:
Book value= $51,875
Explanation:
Giving the following information:
Purchase price= $80,000
Salvage value= $5,000
Useful life= 8 years
First, we need to calculate the annual depreciation under the straight-line method:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (80,000 - 5,000) / 8
Annual depreciation= $9,375
Now, we can determine the book value at the end of 2019:
Book value= purchase price - accumulated depreciation
Book value= 80,000 - (9,375*3)
Book value= $51,875
A managed portfolio has a standard deviation equal to 26% and a beta of .9 when the market portfolio's standard deviation is 22%. The adjusted portfolio P* needed to calculate the M2 measure will have ________ invested in the managed portfolio and the rest in T-bills.
A. 84.6%
B. 118%
C. 18%
D. 15.4%
Answer:
118%
Explanation:
Calculation for the M2 measure invested in the managed portfolio
Using this formula
M2 measure invested in the managed portfolio=Managed portfolio standard deviation standard deviation/Market portfolio's standard deviation
Let plug in the formula
M2 measure invested in the managed portfolio=26%/22%
M2 measure invested in the managed portfolio=118%
Therefore the adjusted portfolio P* needed to calculate the M2 measure will have 118% invested in the managed portfolio and the rest in T-bills
No arbitrage is equivalent to the idea that all risk-free investments should offer investors:
Answer:
JOIN MY ZOOM 528-468-7585
Explanation:
Your friend Aleksei is going through a difficult time. His partner left him and his company just announced there will be a large round of layoffs in his department. You stop at Aleksei's apartment after work one evening and notice that he is gulping coffee and chain-smoking cigarettes. He explains that the stress is getting to him and that he's had trouble sleeping. What advice can you give Aleksei
The advice can you give Aleksei Study a book. On your computer or phone, download the "calm" app (rain, nature sounds). Take a stroll. Take up yoga. Play music, sing along with the lyrics, or dance. Relax in a hot bath. Close your eyes and take a seat quietly. Turn on a scented candle.
What stress means?Any type of change that causes physical, emotional, or psychological strain is referred to as stress. Your body reacts to anything that demands attention or action by causing stress. Stress affects everyone to some extent.
An emotion or physical tension is referred to as stress. It can be caused by anything that frustrates, enrages, or unnerves you in your thoughts or experiences. A challenge or demand causes your body to experience stress. When it serves to keep you safe or help you meet a deadline, stress can be beneficial in short bursts.
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Economies of scale are associated with:________
a. indivisible setup costs.
b. diminishing marginal productivity.
c. zero setup costs.
d. the short run.
Answer:
b. diminishing marginal productivity.
Explanation:
Economies of scale means that as total output increases, the average total cost per unit decreases. This continues until a point where marginal costs will start to increase as well as average total cost per unit. In other words, marginal productivity decreases as total output increases, and at one point it will become negative.
A lockbox plan is a. used to identify inventory safety stocks. b. used to protect cash, i.e., to keep it from being stolen. c. used primarily by firms where currency is used frequently in transactions, such as fast food restaurants, and less frequently by firms that receive payments as checks. d. used to slow down the collection of checks our firm writes. e. used to speed up the collection of checks received.
Answer:
Option e. Used to speed up the collection of checks received.
Explanation:
A lockbox plan is most beneficial to firms involved in collections over a wide geographic area. It is also a method or technique to limit/reduce float by having payments sent to local post offices close to the customers. Its system of handling cash receipts is by mail where the customers remit payments directly to the bank.
In cash management, a lockbox plan is used to quickens the rate of collection of checks received.
A company is deciding between two options: (1) purchase a piece of equipment for $10,000 or (2) lease the same piece of equipment for three years and then return the equipment to the owner. The lease payments are $182.53 per month and have a present value of $6,000. If the company decides to lease, for what amount would the leased asset be recorded at the beginning of the lease?
a) $10,000.
b) $6,000
c) $4,000.
d) $6,571.
Answer:
b) $6,000
Explanation:
The computation of the leased asset to be recorded at the beginning of the lease is shown below:
= Present value
= $6,000
In the case when the asset recognized under lease, so the present value would be determined
Therefore the same is to be considered
Hence, the correct option is b.
And, the rest of the options are incorrect
Scott invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. This is not a security subject to federal regulation because:_______.
Answer:
Scott's investment is in his own property and not in a common enterprise
Explanation:
From the question, we are informed about Scott who invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. In this case , it is not a security subject to federal regulation because Scott's investment is in his own property and not in a common enterprise. Securities regulation is a law in court like U S that protect transaction as well as other dealing involving security, when a company fully comply with the security regulation, litigation can be avoided by the business with private party as well as security commissioners
Explain at least four types of ethical misconduct in financial transactions. Explain how these work with appropriate illustrations followed by real-life examples as far as possible for each type
The correct answer to this open question is the following.
We can help you with the four cases of financial misconduct.
So the four types of ethical misconduct in financial transactions are
1.- Fraudulent Financial Reporting. This is when the top company management lies about financial statements. These companies cheat on the investors of the company for a particular agenda. It also can be the case when top management tries to keep the share price of the corporation.
2.- Stealing, today technically called Missaprpriation of Assets. In this case, employees use the company's assets for personal reasons. The employee even can steal money from the company's accounts.
3.- Bribering. A member of the company bribes a government official in order to have influence in some regulations.
4.- Disclosure. A member of the company discloses important information considered private or "Top Secret," trying to create a personal advantage or for a competitor.
Jeff opted to exercise his August option on August 10 and received $2,500 in exchange for his shares. Jeff must have owned a(an):_______
a. Warrant.
b. American call.
c. American put.
d. European call
e. European put.
Answer:
c. American put.
Explanation:
American options are defined as the type of contract that allows owner to exercise his option rights on any date of his choosing. This can even be on the date of expiration of the option.
European option on the other hand only allows option rights on the day of expiration of the option contract.
American put option allows the owner sell his option at any period within the contract life.
In the given scenario Jeff decided to sell his August options on on the 10th of August (before the expiry date). In exchange he recieved cash of $2,500.
Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad to pay $600,000 compensation for his physical injuries, $150,000 for lost wages during his long recuperation, and $1,000,000 punitive damages. How much of the $1,750,000 settlement is included in Lyle's gross income?
Answer and Explanation:
The amount that settled is as follows
The total amount is $1,750,000
Out of which
The amount of
= $1,000,000 + $150,000
= $1,150,000
This would be involved in the AGL of L and the $600,000 would not be involved in the gross income as the taxpayer got injured by the other party act
So, the same is to be considered
sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied: Date Spot Rate Forward Rate to Jan.15 December 16, 2021 $ 0.00082 $ 0.00089 December 31, 2021 0.00080 0.00083 January 15, 2022 0.00086 0.00086 Assuming a forward contract was entered into on December 16, at what amount should the forward contract be recorded at December 31, 2021
Answer:
the amount of the forward contract be recorded is $1,188
Explanation:
The computation of the amount of the forward contract be recorded is shown below
= (Forward rate as on Dec 16 - forward rate as on Dec 31) × Payment amount × present value of one month at 12%
= ($0.00089 - $0.00083) × $20,000,000 × 0.9901
= $0.00006 × $20,000,000 × 0.9901
= $1,200 × 0.9901
= $1,188
Hence, the amount of the forward contract be recorded is $1,188
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Select the correct answer.
A firm entered into a contract with a construction firm to build a commercial building. However, the construction firm did not follow the design
plans of their client and instead made modifications wherever they thought was necessary, without consulting their clients. This did not go well
with the clients and hence they filed a formal lawsuit in a law court against the construction firm. Which method of dispute resolution did the
firm choose?
A.
mini-trial
B
arbitration
C.
mediation
D.
psychotherapy
Reset
Next
Answer:
B. Arbitration
Explanation:
The other answer is correct for plato/edmentum users :)
Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%, what was its operating profit margin?
Answer:
22.50%
Explanation:
Amount of return on asset = Rate of return * Asset value
Amount of return on asset = 15% * $150 million
Amount of return on asset = $22.5 million
Operating profit margin = Amount of return on asset / Sales
Operating profit margin = $22.5 million / $100 million
Operating profit margin = 0.225
Operating profit margin = 22.50%
Reducing laws and rules businesses have to follow is an example of
Question 12 options:
comparative advantage
deregulation
production possibilities
regulation
Answer:comparative advantage
Explanation:
Deregulation can be defined as a process of reducing laws and rules business have to follow to conduct their regular business activities. Therefore, the option B holds true.
What is the significance of deregulation?Deregulation can be referred to or considered as a process of lowering the number or amount of regulations that are applicable to be followed by a person governed under such regulations. These regulations are completely binding upon the person who is being governed.
For example, when a government authority reduces the laws and rules needed to be followed by enterprises in its economy, it can be said that the government is following the process of deregulation in its economy. Deregulation may be done to promote the conduct of business activities.
Therefore, the option B holds true and states regarding the significance of the process of deregulation.
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The balance sheet, the statement of cash flows, and the ______________ are three key financial statements prepared by accountants.
Group of answer choices
Answer:
Income statement
Explanation:
The income statement will provide the company's total Expenses and Revenues within one financial period.
The difference between these expenses and revenues will determine whether the company's operation is considered as profitable in that year. (if the revenue outnumbered the expenses, the company incurred a net profit).
Shareholders use company's typically use income statement to calculate the amount of revenue that they'll obtain from their percentage of shares.
A company's managers have decided to issue bonds to raise financial capital. What is the first step in this process?
A. Selling the bonds to investors
B. Contacting a financial advisory firm
C. Filing documents with the SEC
D. Determining the firm's creditworthiness
E. Preparing documentation
Answer: Contacting a financial advisory firm
Explanation:
Since the company's managers have decided to issue bonds to raise financial capital, the first step in this process is for them to contact a financial advisory firm.
The financial advisory firm would help in giving advice and also consultation regarding the finance of the company and provide them with strategies that can help the company reduce costs and achieve their financial goals.
A recent income statement of Suni Corporation reported the following data:
Sales Revenue$6,800,000Variable Cost$2,800,000Fixed Cost$2,500,000
If these data are based on the sale of 20,000 units, the break-even point would be:
A.11,628 units
B.7,500 units
C.33,333 units
D.None of the other answers is correct
E.12,500 units
Answer:
E. 12,500 units
Explanation:
Contribution margin = Sales - Variable cost = $6800000 - $2800000 = 40,00,000
Contribution margin per unit = 4000000/20000 = $200 per unit
Break-even Point = Fixed cost/Contribution margin per unit = $2500000/$200 = 12500 units
The Xerox sales force is divided into four geographic organizations: the United States/Canada, Europe, Global Accounts, and Developing Markets. Within each geographic area, the majority of Xerox products and services are typically sold through its
a) distributors.
b) competitor partnerships.
c) order takers.
d) direct sales force.
e) telemarketers.
Answer:
E)direct salesforce
Explanation:
Direct sales force are those network of distributors that business set up to sell their products for great returns, it involves selling out of business product using non- retailing setting. For instance Xerox sales force is divided into four geographic organizations: the United States/Canada, Europe, Global Accounts, and Developing Markets. Within each geographic area, the majority of Xerox products and services are typically sold through its direct salesforce
On January 1, Bobby and Alice equally own all of the stock of an electing S corporation called Prairie Dirt Delight. The entity incurs a $60,000 loss for a nonleap year. On the 200th day of the year (not a leap year), Bobby sells his one-half of the stock to his son, Saul. How much of the $60,000 loss, if any, is allocated to Bobby?
a. $6,781
b. $13,562
c. $16,438
d. $23,219
Answer:
the Loss allocated to Bobby is $6,781
Explanation:
The amount of loss allocated to Bobby is as follows;
Loss allocated to Bobby is
= Total loss for the year × Share of Alice × Share of Bobby × for the remaining days
= $60,000 × 50% × 50% × (365 - 200) ÷ 365
= $6,781
Hence, the Loss allocated to Bobby is $6,781
Therefore the correct option is a.
For 2020, your company planned on selling 10,000 units of its highest priced product - Fish Sticks, which is also its highest margin product, and they planned on selling 5,000 units of its lowest priced, lowest margin product - cat food. However, for some unexplained reason, actual sales of Fish Sticks were 5,000 units and actual sales of Cat Food were 10,000 units. Your company has a:
Answer: Negative Sales Mix Variance
Explanation:
With regards to the above question, the company has a negative sales mix variance. First and foremost, we should know that the sales mix variance simply has to do with the difference between the actual sales mix and the budgeted sales mix of a company or organization.
From the question, there'll be negative sales mix variance and this will bring about a reduction in the revenue of the company as the budgeted sales will be lesser than actual sales. Therefore, Profit also reduces.
In the economy represented by the graph, which set of economic measures is
most likely present at point B in the business cycle?
The Business Cycle
А
с
Production output
D
B
Time
O A. The steady growth line has started to decline.
O B. The unemployment rate is at its lowest point.
O c. Gross domestic product is at its lowest point.
O D. The economy has started a period of recession.
The economy represents by the graph is a set of measures that is most likely to occur in the business cycle are Gross domestic product is at its lowest point. Thus option C is correct.
What are economic measures?The economic measures are those that economist use for measuring the economy of a country and include the GDP, unemployment, and inflation. The GDP is the most important measure and refers to the business cycle. As per the graph, the GDP is at the lowest point.
Find out more information about the economic indicator.
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Answer: the unemployment rate is at its lowest point
Explanation:
just took the test