Answer:
3600
7200
Explanation:
Blue Cab Company had 60,000 shares of common stock outstanding on January 1, 2021. On April 1, 2021, the company issued 30,000 shares of common stock. The company had outstanding fully vested incentive stock options for 10,000 shares exercisable at $11 that had not been exercised by its executives. The end-of-year market price of common stock was $23 while the average price for the year was $22. The company reported net income in the amount of $319,915 for 2021. What is the diluted earnings per share (rounded)
Answer:
$3.46
Explanation:
Diluted earnings per share = Earnings attributable to holders of common stock ÷ Weighted Average Number of Common Stocks outstanding
where,
Earnings attributable to holders of common stock = $319,915
and
Weighted Average Number of Common Stocks outstanding
outstanding on January 1, 2021 = 60,000 shares
additional shares (9/ 12 x 30,000) = 22,500 shares
Option stocks = 10,000 shares
Total = 92,500 shares
therefore,
Diluted earnings per share = $319,915 / 92,500 shares = $3.46
Vextra Corporation is considering the purchase of new equipment costing $35,000. The projected annual cash inflow is $11,000, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Vextra requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows: Periods 12% 1 0.8929 2 1.6901 3 2.4018 4 3.0373 Compute the net present value of this investment.
Answer:
$-1589.16
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-35,000.
Cash flow in year 1 to 4 = $11,000
I = 12%
NPV = $-1589.16
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Examine this supply and demand graph for a product. What does the red dot
on the graph represent?
Demand
$5
Supply
$4
Price
$3
$2
$1
0
2
4
5
Quantity
O A. The product's equilibrium price
O B. The product's quantity demanded
O C. The product's quantity supplied
O D. The product's supply schedule
The product’s equilibrium price
Just simply because the price and quantity is the same
The red dot on the graph represents the product's equilibrium price.
What do you mean by demand and supply?Demand refers to the consumer's desire and ability in order to purchase a good or service at a given period of time. There is an inverse relationship between demand and price. When price of a product increases, the demand decreases and vice versa.
Supply refers to the total amount of a given product or service a supplier offers to consumers at a given period of time. Supply is usually determined by market movement.
What does the supply and demand graph indicate?The supply and demand graph indicates the relationship between quantity supplied and the quantity demanded. In the graph it is seen that the demand curve and supply curve meet a point, which is the point of intersection (the red dot) and also the point of equilibrium.
Equilibrium is a state of rest. At equilibrium demand matches supply at the same price. If a market is at its equilibrium price and quantity, then it has no reason to move away from that point, as it's balancing both, quantity supplied and the quantity demanded.
However, in the graph the equilibrium price represents the point where the supply of a product is equal to the demand for that product. Thus, red dot on the graph represents the product's equilibrium price where supply meets demand.
Hence, option A is correct.
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Why don't most tax expenditures help much if your federal tax bill is zero? You don't qualify for tax breaks if your federal tax bill is zero. Taxes are an automatic stabilizer. Most tax expenditures are specifically for high-income people. Most tax breaks reduce taxable income, but reducing taxable income below zero does not reduce the tax bill.
Answer: Most tax breaks reduce taxable income, but reducing taxable income below zero does not reduce the tax bill.
Explanation:
Tax breaks can be used to reduce your taxable income sometimes all the way to zero. This however simply means that you don't have to pay income tax but does not mean that there won't be other taxes to pay.
Because of these additional taxes left to pay, a person will still pay certain taxes even if their taxable income is below zero. Tax expenditures therefore do not help much with a federal tax bill of zero.
Myers Corporation has the following data related to direct materials costs for November: actual cost for 4,650 pounds of material at $5.40 and standard cost for 4,490 pounds of material at $6.20 per pound. The direct materials price variance is a.$992 favorable b.$3,720 unfavorable c.$3,720 favorable d.$992 unfavorable
Answer:
Direct material price variance= $3,720 favorable
Explanation:
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Actual cost= $5.4
Standard cost= $6.2
Actual quantity= 4,650
Direct material price variance= (6.2 - 5.4)*4,650
Direct material price variance=$3,720 favorable
On the Idaho Store worksheet, in the range B9:B16, use the Fill Series feature to enter interest rates beginning with 8.50%. Decrease the amounts by .50% ending with 5.00%. Format the rates as Percent Style with two decimal places and apply bold and center.
Answer:
Kindly check explanation
Explanation:
To achieve this, a formular is entered to give a rate of 8.50% in B9 ; The formular could be :
Beginning rate - 0.50x
Where x = 1 in cell B9
The beginning rate = 8.50
Hence, the formula to be inputted :
=9.00 - 0.50*1
Kindly lock the beginning rate and decline rate by an absolute reference so it doesn't change as the fill handle is being dragged down
In cell B9 :
9.00% - 0.50%*1 = 8.50%
B10:
9.00% - 0.50%*2 = 8.00%
... B16 :
9.00% - 0.50%*8 = 5.00%
The coffee shop across the street from your tiny apartment is your haven away from home -- great beverages, healthy snacks, an atmosphere that is convivial but not so lively that you can't focus on homework, and free wifi. It lacks only one thing: some way to print out your homework and other files when you need hard copy. Your college's libraries and computer labs provide printers, but you live three miles from campus, and it's a long walk or an inconvenient bus ride.
Required:
Write a letter to the owner of the coffee shop, encouraging her to set up a printing service to complement the free wireless access. Propose that the service run at break-even prices, just enough to pay for paper, ink cartridges, and the cost of the printer itself. The benefit to the shop would be enticing patrons to spend more time and therefore more of their coffee and tea money in the shop. You might also mention that you had to take the bus to campus to print this letter, so you bought your afternoon late somewhere else.
Answer: See explanation
Explanation:
Dear Mrs Parker,
I'm one of your numerous customers at your coffee shop and I must say it's really an amazing place and you're really doing a great job.
The purpose of writing this letter is to inform you about the few changes that you could make that'll bring further revenue to you and also be of immense benefit to your customers.
Firstly, I believe that you are aware that most of your customers are young people especially college students like myself. Printing out our school works and other printing works are really a challenge to us. There are no printing shops around and we've to take a bus back to the campus anytime we want to print and this is really costly and Tien consuming.
It'll be worth it if you consider setting up a printing service to complement the free wireless access. Apart from the fact that the printing service runs at break even price, the benefit to the shop would be enticing patrons to spend more time and therefore more of their coffee and tea money in the shop.
When the printing shop is opened, the college students among us will find it beneficial as we won't have to go back to the school campus in order to print.
Furthermore, when people come to the printing shop, they'll also realize that there's a coffee shop there as well, and this can bring about an increase in the demand for coffee which ultimately increases the revenue generated from the sale of coffee.
In conclusion, I hope this letter catches your attention which will be beneficial to everyone.
Peter Williams.
what is human rights
Answer:
Human rights are the basic rights and freedoms that belong to every person in the world, from birth until death. ... These basic rights are based on shared values like dignity, fairness, equality, respect and independence. These values are defined and protected by law.
On January 1, 2021, D Corp. granted an employee an option to purchase 6,500 shares of D's $3 par common stock at $19 per share. The options became exercisable on December 31, 2022, after the employee completed two years of service. The option was exercised on January 10, 2023. The market prices of D's stock were as follows: January 1, 2021, $36; December 31, 2022, $57; and January 10, 2023, $46. An option pricing model estimated the value of the options at $8 each on the grant date. For 2021, D should recognize compensation expense of:________
a. $ 0.
b. $26,000.
c. $117,000.
d. $19,500.
Answer:
b. $26,000
Explanation:
Calculation to determine how much D should recognize as compensation expense
Compensation expense =6,500 shares
x $8 per option / 2 years of service
Compensation expense = 52,000 / 2 years of service
Compensation expense= $26,000
Therefore For 2021, D should recognize compensation expense of:$26,000
If the financial markets are strong form efficient, then: Question 22 options: 1) only the most talented analysts can consistently outperform the market. 2) technical analysis provides the best tool to use to gain a marketplace advantage. 3) only individuals with private information have a marketplace advantage. 4) no one individual has an advantage in the marketplace.
Answer:
4) no one individual has an advantage in the marketplace.
Explanation:
Strong form efficiency in a market is defined as a situation where prices are already influenced by public and insider information.
No one person or group have an advantage as a result of insider information.
So they can't predict future price movements accurately.
Price is a function of market forces. Fundamental and technical analysis cannot be used as prediction tools.
In this situation no one individual has an advantage in the marketplace.
Explain the role of corporate in economic development of country.
Answer:
Economic Development
Explanation:
Small business as well as big companies are important drivers of economic growth and prosperity because they provide vital services, goods, and tax revenues that directly benefit the health of the community. Companies also provide opportunities and jobs, boosting the socioeconomic health of the communities where they are located.
Onini, Inc. produces one product with two production levels: 20,000 units and 80,000 units. At each production level, Onini's per-unit costs for Costs A, B, and C are:
Cost A (per unit) Cost B (per unit) Cost C (per unit)
Production = 20,000 $12.00 $15.00
$20.00
Production = 80,000 $12.00 $11.25
$5.00
What type of cost is each?
A. Cost A is variable, Cost B is mixed, and Cost C is fixed.
B. Cost A is fixed, Cost B is variable, and Cost C is mixed
C. Cost A s variable, Cost B is fixed, and Cost C is mixed.
D. Cost A is fixed, Cost B is mixed, and Cost C is variable.
Answer:
A
Explanation:
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Total fixed cost = 20,000 x 20 = 400,000
80,000 x 5 = 400,000
c is fixed cost
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Variable cost is constant per unit produced. Thus A, is variable cost
Mixed cost is cost that combines fixed cost and variable cost
The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,840 liters in beginning work in process inventory (30% complete). During the period 64,880 liters were completed. The ending work in process was 5,160 liters (70% completed). All inventories are costed by the first-in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process
Answer:
Total equivalent units of materials = 64,652
Explanation:
Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work
Equivalent Units = Degree of work completed (%) × inventory units
Fully worked = 64,880- 3,840= 61,040
Items units workings Equivalent units
Opening inventory 3,840 3840× 70% = 2,688
Fully worked 61,040 61,040× 100 = 61,040
Closing WIP 5,160 5,160× 70% = 3,612
Total equivalent units of materials 64,652
Total equivalent units of materials =64,652
Cliff's Candy produces and sells boxes of chocolates. When Cliff produces and sells his profit-maximizing quantity of 1,000 boxes, the average total cost is $3.00. If Cliff were to produce 1,100 boxes, the average total cost would be $2.50. Which of the following inefficiencies of monopolistically competitive markets is described in this scenario?
a. Product-variety externality
b. Business-stealing externality
c. Markup over marginal cost
d. Excess capacity
Answer:
D
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
The product-variety externality: When new firms enter into an industry, competition drives price down. This increases consumer surplus. As a result, entry of firms into an industry results in a positive externality on consumers.
The business-stealing externality: When a new firm enters into an industry, existing firms lose customers and profits fall. As a result, entry of a new firm results in a negative externality on existing firms.
Markup over marginal cost is the extent of which price exceeds marginal cost
Excess capacity is when a firm is producing at a capacity that is less than what it is designed for. Excess capacity is evidenced when upon increasing output, average cost falls.
What is a sole proprietor?
O A. A person who starts any new business
B. A person who runs a business in which he or she is the only
employee
C. A business structure that protects the owner from lawsuits
O D. Two people who start up a business together
Answer:
B. A person who runs a business in which he or she is the only
employee
A person who runs a business in which he or she is the only employee is a sole proprietor. The correct option is (B).
What do you understand by the sole proprietorship?A sole proprietorship is a type of company or group that is owned, controlled, and run by a single person who also bears all the risks and is the only one to benefit from any gains or losses.
Typically, these companies offer specialty services like hair salons, spas, or tiny retail stores.
A single proprietor is allowed to choose whatever they want. They wouldn't need to ask others for approval, so the choice would be quick.
Being the sole proprietor of the company enables him or her to maintain the privacy and confidentiality of all business information
Therefore, a person who runs a business in which he or she is the only employee is a sole proprietor.
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What is e- marketing
Answer:
marketing online pretty much
Which options are available when exporting a table definition and data? Check all that apply
Answer: 1. appending data to an existing table
4. creating a new table and inserting data
Explanation:
A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 14.2%, then what is the stock price? a. $14.61 b. $12.10 c. $10.66 d. $12.70 e. $11.98
Answer:
. $11.98
Explanation:
D1 = D0(1+g)
D0 = Last dividend
r = Required rate of retrun
g = Growth rate
Stock price formula = D1/(r-g)
Stock price = D0(1+g)/(r-g)
Stock price = 1*(1+0.054) / (0.142-0.054)
Stock price = 1.054 / 0.088
Stock price = 11.97727273
Stock price = $11.98
Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 4,400 5,100 4,960 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,100 units. The budgeted production units for July are:
Answer:
the budgeted production units for July are 4,575 units
Explanation:
The computation of the budgeted production units for July are shown below:
= July units + ending units - beginning untits
= 4,400 units + (5,100 × 25%) - 1,100 units
= 4,400 units + 1,275 units - 1,100 units
= 4,575 units
Hence, the budgeted production units for July are 4,575 units
Hence, the same would be considered and relevant
A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all profits and losses) $ 44,000 Carter, capital (30%) 32,000 Desai, capital (20%) (24,000 ) Desai has indicated that a forthcoming contribution will cover the $24,000 deficit. However, the two remaining partners have asked to receive the $52,000 in cash that is currently available. How much of this money should each of the partners receive
Answer:
Barley $29,000; Carter $23,000 ;Desai $0
Explanation:
Calculation to determine How much of this money should each of the partners receive
PARTNER WITH DEFICIT CAPITAL BALANCE
Barley,Capital(50%) Carter,Capital(30%)
Desai,Capital(20%)
Reported balances $44,000 $32,000 $(24,000)
Potential loss from Desai deficit
(split 5/8:3/8)
($15,000)($9,000) $24,000
Barley (5/8*$24,000=$15,000)
Carter (3/8*$24,000=$9,000)
Desai($15,000)($9,000) =$24,000
Cash distributions $29,000 $23,000 $0
Barley ($44,000-$15,000=$29,000)
Carter, ($32,000-$9,000=$23,000)
Desai($24,000-$24,000=0)
Therefore The amount of the money that each of the partners should receive is :
Barley $29,000; Carter $23,000 ;Desai $0
the total surface area of hemisphere is 4158sq then what is the circumference of the base
Answer:
C = 132 units
Explanation:
Given the following data;
TSA of hemisphere = 4158 sq units
To find the circumference of the base;
Mathematically, the total surface area of a hemisphere is given by the formula;
TSA of hemisphere = 3πr²
First of all, we would determine the radius of the hemisphere.
4158 = 3 * 22/7 * r²
Cross-multiplying, we have;
4158 * 7 = 3 * 22 * r²
29106 = 66r²
r² = 29106/66
r² = 441
Taking the square root of both sides, we have;
r = √441
r = 21 units
Next, we determine the circumference of the base using the same radius;
Circumference of circle, C = 2πr
C = 2 * 22/7 * 21
C = 924/7
C = 132 units
Identify the principle of internal control to each of the following cases. 1. Cash is locked in a safe overnight. select principle of internal control 2. Employees who receive shipments of goods do not have access to the accounting records for merchandise. select principle of internal control 3. Shipping documents are pre-numbered. select principle of internal control 4. The bookkeeper does not have physical custody of assets. select principle of internal control 5. Only the treasurer of the company can sign checks.
Answer:
1. Physical control
2. Segregation of duties
3. Pre-numbered documents
4. Segregation of duties
5. Establishment of responsibility
Explanation:
1. As this shows that someone locked cash in safe, so this will be physical control.
2. As this shows the division of duties among employees, so this will be segregation of duties.
3. As this shows documents are pre numbered so it comes under pre-numbered documents.
4. As this shows the division of duties for bookkeeper, so it comes under segregation of duties.
5. This shows the responsibility of any work on a person, so this will be establishment of responsibility.
COTB MC Qu. 8-31 (Static) Assume a company is preparing a... Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $50,000 and $60,000, respectively. The company expects to collect 40% of its credit sales in the month of the sale and the remaining 60% in the following month. What amount of accounts receivable would the company report in its balance sheet at the end of the second month
Answer:
$36,000
Explanation:
The computation of the amount of the account receivable that should be reported at the end of the second month is shown below;
= Credit sales of the second month × following month percentage
= $60,000 × 0.60
= $36,000
By multiplying the credit sales of the second month with the following month percentage, the amount of the account receivable could come
Hence, the same would be relevant
Which of the following would be classified as a short-run decision? A restaurant's decision to increase the number of patrons it can accommodate by adding on a new dining room. A firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies, e.g., shut off lights when leaving a room. A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.
Answer:
A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.
Explanation:
Short run decision affects variable factor only. Adding a new facility is a long run decision. Hence a firm's decision to decrease the amount of electricity used in day-to-day operations by encouraging employees to adopt conservation strategies is a short run decision.
Hence, the correct answer would be:
A university's decision to add a new residence hall. A trucking firm's decision to move to a smaller facility.
g Excess reserves refer to the Multiple Choice difference between a bank's vault cash and its reserves deposited at the Federal Reserve Bank. minimum amount of actual reserves a bank must keep on hand to back up its customers deposits. difference between actual reserves and loans. difference between actual reserves and required reserves.
Answer:
difference between actual reserves and required reserves.
Explanation:
Banks must follow government regulations regarding the amount of required reserves that they must hold. Any amount of reserves over the required reserves are considered excess reserves. For example, a bank has $100 in reserves and the required reserves are $80, then the excess reserves = $20.
Vaughn Manufacturing acquires a coal mine at a cost of $1920000. Intangible development costs total $354000. After extraction has occurred, Vaughn must restore the property (estimated fair value of the obligation is $183000), after which it can be sold for $208000. Vaughn estimates that 5000 tons of coal can be extracted. What is the amount of depletion per ton
Answer:
$452
Explanation:
The amount of depletion per ton is computed below.
= (Acquired cost of coal mine + Intangible development costs + Fair value of the obligation - Sale value) ÷ Number of estimated tons of coal extracted
= ($1,920,000 + $353,000 + $193,000 - $208,000) ÷ 5000
= $452
The amount of depletion per ton is therefore $452
Brewsters, a ice cream company, has been fairly successful in its market. Lydia sees an opportunity for profit and enters the market. After producing her profit-maximizing level of output, she finds that her average total cost per unit is $5, her average variable cost per unit is $3, and the market price is $2.50. In the short run, Lydia should Choose one: A. expand production because she is making a positive economic profit.
Answer:
A. shut down her business.
Explanation:
Given that
The average overall cost per unit is $5
The average variable cost per unit is $3
And, the market price per unit is $2.50
Based on the above information
In the short run, the lydia should shut down her business as the total cost is more than the market price due to which the company is suffering the loss instead of the profit
Therefore the correct option is a.
A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 36%, while stock B has a standard deviation of return of 16%. The correlation coefficient between the returns on A and B is 0.30. Stock A comprises 30% of the portfolio, while stock B comprises the rest of the portfolio. What is the standard deviation of the return on this portfolio?
Answer: 17.7%
Explanation:
Standard deviation of portfolio = √(Weight of A² * Standard deviation of A² + Weight of B² * Standard deviation of B² + 2 * Weight of A * Weight of B * Correlation coefficient of A and B * Standard deviation of A * Standard deviation of B)
= √(30%² * 36%² + 70%² * 16%² + 2 * 30% * 70% * 0.30 * 36% * 16%)
= √0.0314656
= 17.7%
Schnusenberg Corporation just paid a dividend of D0 = $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 0.75, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price? Do not round intermediate calculations. a. $27.80 b. $33.23 c. $31.63 d. $28.76 e. $31.95
Answer:
Option E is correct
Price of share = $31.95
Explanation:
The price of the share is the future dividend discounted at the required rate of return .
The required rate of return is the cost of equity . The cost of equity is computed as follows:
Cost of equity = Rf + β(Rm-Rf)
Rf= 4.50, Rm= 10.50, β= 0,75
Ke= 4.50% + 0.75×(10.50-4.50)
Ke= 9%
Price of share = Do×(1+g)/(Ke-g)
Price of the share = 0.75 × (1.065)/(0.09-0.065)
= 31.95
Price of share = $31.95
Jack, Jill and Maritza are employed as sales persons for Deuce Hardware Supplies. None was hired for a definite period and each has an excellent sales record. Jack was terminated because Don Deuce, the president of Deuce Hardware, decided that customers were more likely to spend more if the sales person was an attractive woman, rather than a man. Jill was terminated for cheating on her expense account. Assuming only these facts, explain, separately whether Jack or Jill has any claim against Deuce Hardware.
Answer:
Jack has claim while Jill didn't have.
Explanation:
Jack has claim against Deuce Hardware because his performance is tremendous and make more sales for the company. He done his work very well so he can claim against Deuce Hardware Supplies while on the other hand, Jill has no claim against Deuce Hardware because he commit a crime on the basis of which the company has the authority to terminate him from the job. He works very well in the company but his crime is big enough to terminate him.