Answer:
A-1
interest payable 2,693,334 debit
Interest payable 2,666,667 credit
discount on bond payable 26,667 credit
--to record Dec 31st adjusting entry--
interest expense 1,346,666 debit
interest payable 2,666,667 debit
discount on bond payable 13,333 credit
cash 4,000,000 credit
--to record March 1st Payment
A-2
interest expense 2,653,334 debit
premium on bond payable 13,333 debit
Interest payable 2,666,667 credit
--to record Dec 31st adjusting entry--
interest expense 1.326.666 debit
interest payable 2,666,667 debit
premium on bond payable 6,667 debit
cash 4,000,000 credit
--to record March 1st Payment
B)
A-1
78,400,000 + 26,667 = 78,426,667
A-2
80,800,000 - 13,333 = 80,786,667
C)
the effective interest rate is higher under A-1 as the company is paying the same nominal amount of $4,000,000 every six months but, received less cash for the bonds in A-1 case making the effective rate higher .
Explanation:
A-1 issued at 98 points
cash received:
80,000,000 x 98/100 = 78,400,000
discount on bonds: 80,000,000 - 78,400,000 = 1,600,000
On Dec 31st we solve for accrued discoutn and interest:
amortization
1,600,000 / 40 payment = 40,000 per payment
proportional amortization: 40,000 x 4/6 (month accrued) = 26,667
interest paid
principal x rate x time
80,000,000 x 10% x 4/12 = 2,666,667
payment:
8,000,000 x 10% x 6/12 = 4,000,000
proportional amortization: 40,000 x 2/6 (month accrued) = 13,333
accrued interest 8,000,000 x 10% x 2/12 = 1,333,333
A-2 we issue a 101 point
cash received:
80,000,000 x 101/100 = 80,800,000
premuim on bonds: 800,000
On Dec 31st we solve for accrued discount and interest:
amortization
800,000 / 40 payment = 20,000 per payment
proportional amortization: 20,000 x 4/6 (month accrued) = 13,333
interest paid
principal x rate x time
80,000,000 x 10% x 4/12 = 2,666,667
payment:
8,000,000 x 10% x 6/12 = 4,000,000
proportional amortization: 40,000 x 2/6 (month accrued) = 6,667
accrued interest 8,000,000 x 10% x 2/12 = 1,333,333
connecting u dropped its price from $20 to $16 per gigabyte of data. Joe according to the midpoint formula, Connecting U reduced its price by what percentage?
Answer:
-$22.2
Explanation:
The computation of price by percentage is shown below:-
Price by percentage = (End price - Beginning price) ÷ (End price - Beginning price) ÷ 2 × 100
= ($16 - $20) ÷ ($16 - $20) ÷ 2 × 100
= -$4 ÷ $18 × 100
= -$400 ÷ $18
= -$22.2
So, we have applied the above formula.
And, the same is to be considered
Connecting u dropped price in percentage is 22.2%
Midpoint formula:Given that;
Old price = $20
New price = $16
Find:
Connecting u dropped price in percentage
Computation:
[tex]Dropped\ price\ in\ percentage=[\frac{16-20}{\frac{16+20}{2} }]100\\\\Dropped\ price\ in\ percentage=[\frac{16-20}{18}]100\\\\Dropped\ price\ in\ percentage=[\frac{-4}{18}]100\\\\Dropped\ price\ in\ percentage=22.2[/tex]
Connecting u dropped price in percentage = 22.2%
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The Titanic Shipbuilding Company has a noncancelable contract to build a small cargo vessel. Construction involves a cash outlay of $273,000 at the end of each of the next two years. At the end of the third year the company will receive payment of $650,000. Assume the IRR of this option exceeds the cost of capital. The company can speed up construction by working an extra shift. In this case there will be a cash outlay of $595,000 at the end of the first year followed by a cash payment of $650,000 at the end of the second year. Use the IRR rule to show the (approximate) range of opportunity costs of capital at which the company should work the extra shift.
The company should work the extra shift if the cost of capital is between ___________ % and ___________ %
Answer:
19% to 19.7%
Explanation:
Cost of capital is the firm cost of sources of financing. It includes debt, equity and all other sources of finance with keeping the track of their required rate of return. The cost of capital is the expected return which is required by the lenders of fund.
what will you use for banca/boat to move
Answer:
a paddle
Explanation:
Using a "paddle" is very important in order to move/propel a boat. Paddling creates a force which goes against the water. This force is faced by an opposite force that is equal and that which allows the boat to move forward.
So as you push the water asides, the boat accelerates. Such technique is deemed efficient when using the boat. Not following the proper technique will not move the boat.
• What are the advantages and disadvantages of owning versus outsourcing for each of these components (staff, computer servers, software licensing, and data storage)?
Answer:
Explanation below
Explanation:
Outsourcing simply involves the act of contracting our certain business activities and processes to third-party providers.
Staff
When you outsource your staff, you can be able to save cots and use the freed capital for other things but the disadvantage would certainly be around the issue of confidentiality of business information.
When you outsource computer servers, software licensing, and data storage, you would gain access to world-class capabilities because the third-party providers would likely provide them to meet their customers.
There would also be shared risks as part of the benefits. The disadvantages could include loss of control. People who discourage outsourcing of these functions are of the opinion that third-party vendor cannot be able to match the level of responsiveness and levels of services that could be offered by an in-house team
Consider a multifactor model with two factors. A well-diversified portfolio (Portfolio P) has a beta of 0.75 on factor 1 and a beta of 1.25 on factor 2. The risk premiums on the factor 1 and factor 2 are 1% and 7%, respectively. The risk-free rate of return is 7%. What is the expected return on portfolio P, according to a two-factor model
Answer: 16.5%
Explanation:
Expected Return on portfolio P will be calculated as:
= Rf + (Beta1 × F1) + (Beta2 × F2)
where,
Rf = Risk Free rate
F1 = risk premium on Factor1
F2 = risk premium on Factor2
Expected Return will now be:
= 7% + (0.75 × 1%) + (1.25 × 7%)
= 7% + 0.75% + 8.75%
= 16.5%
The expected return on portfolio P, according to a two-factor model will be 16.5%.
Answer:
16.5%
Explanation:
A multi-factor model can be used to explain either an individual security or a portfolio of securities. It does so by comparing two or more factors to analyze relationships between variables and the resulting performance.
DATA
Risk Free rate = Rf = 7%
risk premium on Factor1 = F1 = 1%
Beta (Factor 1) = 1.25
risk premium on Factor2 = F2 = 7%
Beta (Factor 1) = 2
Expected Return = Rf + (Beta1 x F1) + (Beta2 * F2)
Expected Return = 7% + (0.75 x 1%) + (1.25 x 7%)
Expected Return = 0.07 + 0.0075 + 0.0875
Expected Return = 0.165 or 16.5%
On January 1, 20X1, Tucker Company leases equipment from Franz Inc. over three years of the equipment's five-year estimated useful life. Franz acquired the asset for $431,213 and normally utilizes an 8% interest rate for these types of transactions. The present value of the lease payments is $357,710. The annual lease payment is $100,000; the first payment is due on January 1, 20X1. Tucker should recognize the second lease payment by debiting (round to the nearest whole dollar and select all that apply)
Answer:
Lease payable for $79,383
Interest expense for $20,617
Explanation:
Calculation for the amount that Tucker should recognize the second lease payment
Calculation for Lease payable
Lease payable =$100,000-($357,710-$100,000)*8%
Lease payable =$100,000-($257,710*8%)
Lease payable =$100,000-$20,617
Lease payable =$79,383
Calculation for Interest expense
Interest expense =( $357,710-$100,000)*8%
Interest expense =$257,710*8%
Interest expense =$20,617
Therefore Tucker should recognize the second lease payment by debiting:
Lease payable for $79,383
Interest expense for $20,617
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
9644
Explanation:
cost of paper on which a card is printed = $0.40 per card
cost of printing = $0.10 per card
profit made per card sold = $3.75
number of areas where customers are located (n)= 4
mean of customers from each region = 2300
standard deviation for each region = 200
note : each region is independent
The optimal production quantity for the card can be calculated going through these steps
first we determine
the cost of card = $0.10 + $0.40 = $0.50
selling value = $3.75
salvage value = 0
next we calculate for the z value
= ( selling value - cost of card) / ( selling price - salvage value )
= ( 3.75 - 0.50 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV ( 0.8667 )
next we calculate
u = n * mean demand
= 4 * 2300 = 9200
б = [tex]200\sqrt{n}[/tex] = 200 * 2
= 400
Hence optimal production quantity for the card
= u + Z (0.8667 ) * б
= 9200 + 1.110926 * 400
= 9644.3704
≈ 9644
5. What are the advantages of relying solely on streaming services
for TV, what are the disadvantages?
HELP ME PLEASE I WILL GIVE YOJ BRAINLYIST
Answer:
By watching something live and streaming. Disadvantages is not wanting to watch what you want.
What are some of the government requirements imposed on a public corporation that are not imposed on a private, closely held corporation? Discuss pros and cons of each
Answer:
The government (the SEC) imposes several regulations on publicly traded corporations and requires mandatory reporting regarding their financial position, compensation to key employees, auditing and accounting procedures, conflicts of interest between upper management and shareholders, operating results, etc.
The pros of that large amount of reports is that it makes management accountable for what happens and it makes their job more transparent.
The downside is that they are expensive and time consuming.
On the other hand, privately held corporations decide what to disclose to the general public or the government. The IRS is something that cannot be avoided, but the SEC and its scrutiny is avoided.
Other advantages of publicly held corporations:
a publicly held corporation should be able to raise larger amounts of capitalsince the number of owners is larger, debt per ownership stake is generally much lowertop management tends to be more independent and suffer less pressures from individual stockholderspublicly trades corporations tend to receive more publicity and are better knownthey also attract more talentOther disadvantages of publicly held corporations:
publicly held corporation have a lot of owners and they all have the right to be informed about what happens within the corporation and vote to elect the board of directorssome decisions require that shareholders vote on them, e.g. mergersstock prices suffer from market riskgoing public is also expensivePlease complete the spreadsheet template:
Trans no. Transaction
1. Pamela Wong, the owner, opened a checking account for the business by depositing $48,000 of her personal funds.
2. Paid the monthly rent of $1,500.
3. Bought office furniture on account for $1,000.
4. Pamela Wong invested $3,000 of office equipment in the business.
5. Paid cash for a new computer for the business, $5,000.
6. Paid for an advertisement in the local newspaper, $200.
7. Completed graphic desktop publishing services for a client and sent a bill for $800.
8. Paid $700 on account for the office furniture bought earlier.
9. Received $500 on account from a client.
10. Pamela Wong withdrew $1,000 for personal use.
11. Received $400 cash for desktop publishing services completed for a client.
Answer:
I used an excel spreadsheet sine there is not enough room here.
Explanation:
Excel templates make it simpler to create a spreadsheet with a polished appearance by including all of the following, with the exception of Data.
What is Excel Sheet ?To eliminate the necessity for the user to generate those designs from scratch, templates are made to specify the fundamental structure of each document that is repeated.
A template typically includes formatting and pre-defined formulas. However, it won't include any data as the template's goal is to have a consistent structure but allow for variable values so that it can respond appropriately to the data.
Formatting and pre-made formulas are frequently included in templates. Although the template aims to have a consistent structure and allow for variable values so that it can react appropriately to the data, it won't contain any data.
Any template will therefore include design but not data. We are able to make a new one, modify an existing template, or utilize the default template.
Learn more about Templates here
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# SPJ 5
Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows.
January February
Sales $428,400 $476,000
Direct materials purchases 142,800 148,750
Direct labor 107,100 119,000
Manufacturing overhead 83,300 89,250
Selling and administrative expenses 94,010 101,150
All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,190 of depreciation per month.
Other data:
1. Credit sales: November 2019, $297,500; December 2019, $380,800.
2. Purchases of direct materials: December 2019, $119,000.
3. Other receipts: January—Collection of December 31, 2019, notes receivable $17,850; February—Proceeds from sale of securities $7,140.
4. Other disbursements: February—Payment of $7,140 cash dividend.
The company’s cash balance on January 1, 2020, is expected to be $71,400. The company wants to maintain a minimum cash balance of $59,500.
Required:
Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February.
Answer:
I used an excel spreadsheet since there is not enough room here.
Zoe Corporation has the following information for the month of March: Purchases $92,000 Materials inventory, March 1 6,000 Materials inventory, March 31 8,000 Direct labor 25,000 Factory overhead 37,000 Work in process inventory, March 1 22,000 Work in process inventory, March 31 23,500 Finished goods inventory, March 1 21,000 Finished goods inventory, March 31 30,000 Sales 257,000 Selling and administrative expenses 79,000
Prepare a schedule of cost of goods manufactured. Enter all amounts as positive numbers. Zoe Corporation Statement of Cost of Goods Manufactured For the Month Ended March 31
Answer:
Explanation:
The preparation of the cost of goods manufactured is presented below:
Zoe Corporation
Statement of Cost of Goods Manufactured
For Month Ended March 31, 20XX
Work in process inventory March 1 $22,000
Direct materials :
Materials inventory, March 1 $6,000
Add: Purchases $92,000
Cost of materials for use $98,000
Less - materials inventory, March 31 -$8,000
cost of materials placed in production $90,000
Add:
Direct labor $25,000
Factory overhead $37.000
Total manufacturing costs added $152,000
Total manufacturing costs $174,000
Less- work in process inventory, March 31 $23,500
Cost of goods manufactured $150,500
You want a seat on the board of directors of Red Cow, Inc. The company has 260,000 shares of stock outstanding and the stock sells for $51 per share. There are currently 5 seats up for election. The company uses straight voting. How much will it cost you to guarantee that you will be elected to the board
Answer:
$2,210,051
Explanation:
The computation of the cost that would be guaranteed is shown below:
first find the number of shares controlled which is
= (S x N) ÷ (D + 1) ] + 1
Where,
S = the total number of shares
N = the number of directors required
D = total number of directors i.e. elected
So,
= (260,000 × 1) ÷ (5 + 1) + 1
= 43,334
Now the cost is
= 43,334 × $51
= $2,210,051
Marketing by the Numbers: Pricey Sheets
Many luxury sheets cost less than $200 to make but sell for more than $500 in retail stores. Some cost even more consumers pay almost $3,000 for Frett'e "Tangeri Pizzo king-size luxury linens. The creators of a new brand of luxury linens, called Boll & Branch, have entered this market and are determining the price at which to sell their sheets directly to consumers online. They want to price their sheets lower than most brands but still want to earn an adequate margin on sales. The sheets come in a luxurious box that can be reused to store lingerie, jewelry, or other keepsakes. The Boll & Branch brand touts fair trade practices when sourcing its high-grade long staple organic cotton from India. Given the cost information below, refer to Appendix 2: Marketing by the Numbers to answer the following questions.
Cost/King-size Set
Raw Cotton $28.00
Spinning/Weaving/Dyeing $12,00
Cut/Sew/Finishing $10,00
Material Transportation $3,00
Factory Fee $16,00
Inspection and Import Fees $14,00
Ocean Freight/Insurance $5,00
Warehousing $8,00
Packaging $15,00
Promotion $30,00
Customer Shipping $15,00
10-13 Given the cost per king-size sheet set above, and assuming the manufacturer has total fixed costs of $500,000 and estimates first year sales will be 50,000 sets, determine the price to consumers if the company desires a 40 percent margin on sales.
10-14 If the company decides to sell through retailers instead of directly to consumers online, to maintain the consumer price you calculated in the previous question, at what price must it sell the product to a wholesaler who then sells it to retailers? Assume wholesalers desire a 10 percent margin and retailers get a 20 percent margin, both based on their respective selling prices.
Answer:
10-13 Given the cost per king-size sheet set above, and assuming the manufacturer has total fixed costs of $500,000 and estimates first year sales will be 50,000 sets, determine the price to consumers if the company desires a 40 percent margin on sales.
variable cost per unit = 28 + 12 + 10 + 3 + 16 + 14 + 5 + 8 + 15 + 30 + 15 = $156
average fixed cost per unit = $500,000 / 50,000 units = $10
total cost per unit = $166
desired profit margin = 40%, so total costs must be 60% of selling price
selling price = $166 / 60% = $276.67 ≈ $277 per unit
10-14 If the company decides to sell through retailers instead of directly to consumers online, to maintain the consumer price you calculated in the previous question, at what price must it sell the product to a wholesaler who then sells it to retailers? Assume wholesalers desire a 10 percent margin and retailers get a 20 percent margin, both based on their respective selling prices.
retailers' margin = $277 x 20% = $55.40
selling price to retailers = $277 - $55.40 = $221.60
wholesalers' margin = $221.60 x 10% = $22.16
selling price to wholesalers = $221.60 - $22.16 = $199.44 per unit
If the AD shortfall is $700 billion and the MPC is 0.95, Instructions: Enter your responses rounded to one decimal place. a. How large is the desired fiscal stimulus
Answer:
a. The desired fiscal stimulus is $35.0 billion.
b. The income tax cut is $36.8 billion.
c. The amount of government spending that would achieve the target is $35.0 billion.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
If the AD shortfall is $700 billion and the MPC is 0.95, Instructions: Enter your responses rounded to one decimal place.
a. How large is the desired fiscal stimulus?
b. How large an income tax cut is needed?
c. Alternatively, how much government spending would achieve the target?
The explantion of the answers is now provided as follows:
From the question, we have:
Aggregate demand (AD) shortfall = $700 billion
Marginal Propensity to Consume (MPC) = 0.95
a. How large is the desired fiscal stimulus?
To calculate the the desired fiscal stimulus, we need to first calculate the multiplier as follows:
Multipliers = 1 (1 - MPC) ................... (1)
Substituting the value into equation (1), we have:
Multipliers = 1 (1 - 0.95) = 1 / 0.05 = 20
The formula for calculating the fiscal stimulus is as follows:
Fiscal stimulus = AD shortfall / Multiplier ..................... (2)
Substituting the values into equation (2), we have:
Fiscal stimulus = $700 billion / 20 = $35.0 billion.
Therefore, the desired fiscal stimulus is $35.0 billion.
b. How large an income tax cut is needed?
This can be calculated using the following formula:
Income tax cut = Fiscal stimulus / MPC .............. (3)
Substituting the values into equation (3), we have:
Income tax cut = $35 billion / 0.95 = $36.8421052631579 billion
Rounding to one decimal place, we have
Income tax cut = $36.8 billion
Therefore, the income tax cut is $36.8 billion.
c. Alternatively, how much government spending would achieve the target?
The amount of increase in government spending that would achieve the target is the same thing as the desired fiscal stimulus already obtained in part a above.
Therefore, the amount of government spending that would achieve the target is $35.0 billion.
A company looking to expand internationally with little risk would choose?
Answer:
LicensingFranchisingExplanation:
There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.
With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.
Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.
Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.
Deal Leasing leased equipment to Hand Company on January 1, 2021. The leased equipment's book value is $420,000 with no estimated residual value at the end of its useful life. The remaining useful life of the leased equipment is 15 years. The lease payments were calculated to provide the lessor a 10% return. Ten annual lease payments of $60,000 are due at the beginning of each year beginning January 1, 2021. Both companies use the straight-line method in depreciation/amortization their assets.
Answer:
The requirements are missing, so I looked for a similar question. This is a financial lease since the PV of the lease payments represents 97% of the asset's value.
January 1, 2021, equipment leased from Deal leasing
Dr Right of use asset 405,541.20
Cr Lease liability 405,541.20
the right of use asset = PV of lease payments = $60,000 x 6.75902 (PV annuity due, 10%, 10 periods) = $405,541.20
January 1, 2021, first lease payment
Dr Lease liability 60,000
Cr Cash 60,000
December 31, 2021, depreciation expense on leased asset
Dr Depreciation expense 40,554.12
Cr Accumulated depreciation 40,554.12
depreciation expense = $405,541.20 / 10 = $40,554.12
December 31, 2021, interest expense on asset lease
Dr Interest expense 34,554.12
Cr Interest payable 34,554.12
interest expense = ($405,541.20 - $60,000) x 10% = $34,554.12
Below are cash transactions for a company, which provides consulting services related to mining of precious metals.
a. Cash used for purchase of office supplies, $1,600.
b. Cash provided from consulting to customers, $42,600.
c. Cash used for purchase of mining equipment, $67,000.
d. Cash provided from long-term borrowing, $54,000.
e. Cash used for payment of employee salaries, $23,400.
f. Cash used for payment of office rent, $11,400.
g. Cash provided from sale of equipment purchased in c. above, $21,900.
h. Cash used to repay a portion of the long-term borrowing in d. above, $37,000.
i. Cash used to pay office utilities, $3,700.
j. Purchase of company vehicle, paying $9,400 cash.
Required:
Calculate cash flows from operating activities.
Answer:
Cash Flow Statement
Cash Flow from Operating Activities
Cash received from customers $42,600
Cash payment to salaries -$23,400
Cash used for purchase of office supplies -$1,600
Office rent paid -$11,400
Payment for office utilities -$3,700
Net Cash Inflow from Operating activities $2,500
What are the 2 main sources of data
Answer:
internal and external source
Explanation:
Answer:
There are two sources of data. they are:
1. Internal Source.
2. External Source.
Explanation:
Internal Source. When data are collected from reports and records of the organision itself, it is known as the internal source.
External Source. When data are collected from outside the organition, it is known as the external source.
Managers must be able to determine whether their workers are doing an effective and efficient job, with a minimum of errors and disruptions. They do so by using a performance appraisal, an evaluation that measures employee performance against established standards in order to make decisions about promotions, compensation, training, or termination. Managing effectively means getting results through top performance. That's what performance appraisals at all levels of the organization are for—including at the top, where managers benefit from review by their subordinates. In the 360-degree review, management gathers opinions from all around the employee, including those under, above, and on the same level, to get an accurate, comprehensive idea of the worker's abilities.
a. True
b. False
Answer:
a. True
Explanation:
This system of performance review is a 360-degree review or feedback process where a given employee receives inputs on her performance (or other criteria such as behaviors, competencies and results achieved) from different employees with varying working relationships and at different levels. The idea is to ensure that the employee's performance is not partial or biased. Using this system, the employee who may be a manager will have her performance reviewed by employees below, above, and on the same level with her.
t a sales volume of 36,500 units, Peres Corporation's sales commissions (a cost that is variable with respect to sales volume) total $576,700. To the nearest whole dollar, what should be the total sales commissions at a sales volume of 35,000 units? (Assume that this sales volume is within the relevant range.
Answer:
$553,000
Explanation:
Calculation for the total sales commissions
First step is to compute the Sales commission per unit using this formula
Sales commission per unit = Total sales commissions ÷ Unit sales
Let plug in the formula
Sales commission per unit= $576,700 ÷ 36,500
Sales commission per unit= $15.80
Last step is to find the Total sales commission using this formula
Total sales commission = Sales commission per unit × Unit sales
Let plug in the formula
Total sales commission= $15.80 × 35,000
Total sales commission=$553,000
Therefore the Total sales commission will be $553,000
HELP HELP ILL MASK BRAINLIEST
why do we have different minimum wages ?
Answer:
Higher minimum wages are most common in states with higher costs of living.
Explanation:
If you live in a smaller town the minimum wage is lower. If you live in a big city it'll more than likely be higher.
Answer:The US has tended to change the national minimum wage infrequently, with changes depending largely on the political balance of power at the federal level. ... But US states and even cities have the power to set minimum wages that are higher than the national rate.
Explanation:
Svetlana won $1,000,000 in a contest, to be paid in twenty $50,000 payments at yearly intervals, the first payment paid at the time of the contest. (Of course, the present value of her winnings is less than $1,000,000.) Svetlana decided to keep X each year to spend and deposit the remaining $50;000 X into an account earning an annual effective interest rate of 5%. She chose the value X to be as large as possible so that, at the moment of the 20th deposit, the account would have grown to such a size that it would provide Svetlana and her heirs at least X per year in interest forever. Find X.
Answer: 31155.5
Explanation:
The following can be deduced from the question:
Money won = $1,000,000
Installments made yearly = $50,000
Interest rate = 5%
The yearly deposits made by Svetalana will be: = 500000-x
The future Value of the yearly deposits made by Svetalana will be:
= (50000-x) × (1/(1.05) + (1/(1.05)^2 .....(1/(1+0.05)^20))
= (500000-x) × 33.066
We should recall that the interest from the question is equated to x. This will be:
33.066 × (50000-x) × 0.05 =x
1.6533(50000 - x) = x
82665 - 1.6533x = x
2.6533x = 82665
x = 82665/2.6533
x = 31155.5
The stock of Static Corporation has a beta of 0.7. If the expected return on the market increases by 6%, the expected return on Static Corporation should increase by
Answer: 4.2%
Explanation:
Beta is a measure of sensitivity of a stock in that it measures how the stock reacts to a movement in market return. The Beta of the Market is 1.
If a Stock's Beta is 2, this means that if expected market return increases by 1%, the stock's expected return will increase by 2%. If a Stock's beta is 0.5 then if the expected return on the market increases by 1%, the stock's expected return will increase by 0.5%.
In this case the expected return on the market increases by 6% so the expected return on Static Corporation should increase by;
= 0.7 * 6%
= 4.2%
3. The last dividend paid by New Technologies was an annual dividend of $1.40 a share. Dividends for the next 3 years will be increased at an annual rate of 8 percent. After that, dividends are expected to increase by 3 percent each year. The discount rate is 16 percent. What is the current value of this stock
Answer:
$12.60
Explanation:
The computation of the current value of the stock is shown below:-
= $1.40 × (1.08) ÷ 1.16 + 1.40 × (1.08)^2 ÷ (1.16)^2 + 1.40 × (1.08)^3 ÷ (1.16)^3 + 1.40 × (1.08)^3 × (1.03) ÷ (0.16 - 0.03) × (1.16)^3
= $1.3034 + $1.2136 + $1.1299 + $8.9520
= $12.60
Therefore for computing the current value of stock we simply solved the above equation.
asper makes a $28,000, 90-day, 8.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is: (Use 360 days a year.)
Answer:
$595
Explanation:
The computation of the amount of interest is shown below:-
Amount of interest = Loan amount × Interest rate × Number of days ÷ Number of days in a year
= $28,000 × 8.5% × 90 ÷ 360
= $595
Therefore for computing the amount of interest we simply applied the above formula.
And the same is to be considered
On January 1, 2021, Taco King leased retail space from Fogelman Properties. The 10-year finance lease requires quarterly variable lease payments equal to 3% of Taco King's sales revenue, with a quarterly sales minimum of $600,000. Payments at the beginning of each quarter are based on previous quarter sales. During the previous 5-year period, Taco King has generated quarterly sales of over $750,000. Fogelman's interest rate, known by Taco King, was 4%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
1. Prepare the journal entries for Taco King at the beginning of the lease at January 1, 2021.
2. Prepare the journal entries for Taco King at April 1, 2021. First quarter sales were $760,000. Amortization is recorded quarterly.
Answer:
Jan 1st, 2021 entry:
Equipment 746,168 debit
Lease Liability 723,668 credit
Cash 22,500 credit
April 1st, 2021 entry:
Interest expense 7,537 debit
Lease Liability 15,263 debit
Cash 22,800 credit
Explanation:
We will assume a 750,000 sales revenue per quarter. As this was their historical and expected value:
750,000 x 3% = 22,500 per quarter
Now, we solve for the present value of the lease payment:
[tex]C \times \frac{1-(1+r)^{-time} }{rate}(1+r) = PV\\[/tex]
C 22,500
time 40 (10 years x 4 quarter per year)
rate 0.01 (4% annual / 4 quarters)
[tex]22500 \times \frac{1-(1+0.01)^{-40} }{0.01}(1+0.01) = PV\\[/tex]
PV $746,168.2419
we subtract the first payment of 22,500
lease liability reocrded in the enrty: 723.668
As lease sales were 760,000
lease payment: 760,000 x 3% = 22,800
less expected of 22,500 = 300 additional interest expense
interest expense: 723,668 x 0.01 = 7,237 + 300 = 7,537
amortization on lease liability: 22,800 -7,537 = 15,263
Which section of a CAR Residential Purchase Agreement is a provision divided into three sections: mediation, arbitration of disputes, and additional terms?
Answer: Appraisal contingency and Removal.
Explanation:
The appraisal contingency, is a kind of CAR residential purchase agreement, which allows a buyer to back out of the deal if the house appraises for less than the already agreed-upon value. and the loan contingency, this term lets the buyer back out if he/she can't get their loan approved for the said purposes.
The section of a car residential purchase agreement that separates it into three sections would be:
Section 9C
The section titled 9C functions to separate the property purchase provisions into three varied divisions. These divisions include mediation followed by arbitration of disputes, and the external terms that fulfill the remaining ones.The other options are present in order to fulfill if either of them fails to resolve the dispute.Thus, "section 9C" is the correct answer.
Learn more about "Residential Agreement" here:
brainly.com/question/10539028
Read the following paragraph and copy and paste the sentence which contains the central idea:
The strength in global growth is broad-based across countries that growth has recently exceeded its post-crisis average across almost all major DM and EM countries. Among advanced economies, the three-month moving average of the CAI has been particularly strong in the Euro area and Sweden (around 2pp above their post-crisis average), Japan (1.3pp) and the US (1.1pp). A number of EM economies have recently outpaced their post-crisis average, although growth is likely still below potential in a number of emerging economies.
Answer:
The third sentence.
Explanation:
The third sentence contains the central idea of the passage/paragraph.
- A number of DM (Developed Market) economies have recently outpaced their post-crisis average, although growth is likely still below potential in a number of EM (Emerging Market) economies.
The first sentence somewhat defines "strength in global economic growth". The second sentence gives statistics, particularly on the quality of growth in advanced economies (DM economies).
The third sentence summarizes both points and clarifies that potential for growth is still existent in emerging economies.
g you are eligible for a 30 year fixed rate home mortgage with 3.6% interest rate what is the maximum loan you can get
Answer:
the maximum loan is $379,417
Explanation:
The computation of the maximum loan is shown below:
As we know that
Maximum Loan = Present Value of all monthly Payments
= $1,725 × PVAF(0.3%,360 months)
= $1,725 × [1- (1+0.003)^-360] ÷ 0.003
= $1,725 × 219.9517
= $379,417
hence, the maximum loan is $379,417
Here the interest rate is divided by 12 and the months should be multiplied by 12 as this is the case of monthly basis
Answer:
money
Explanation: