Answer:
Stock Y is undervalued and Stock Z is overvalued
Explanation:
The Required return on Stock Y = Risk free Rate + BetaY * Market Premium = 5.1% + 1.6%* 6.6% = 15.66%
Expected Return on Y = 16.6%
Here, the Expected return > Required return, the stock is undervalued
Reward to risk Ratio = (Expected return - Risk free rate) / Beta. For Y, Reward to risk = (0.166 - 0.051)/1.6 = 0.115/1.6 = 0.0719 = 7.19%
Required return on Stock Z = Risk free Rate + BetaZ * Market Premium = 5.1 + 0.8 * 6.6 = 10.38%
Expected Return on Z = 9.4%
Here, the Expected return < Required return, the stock is overvalued.
Reward to risk Ratio = (Expected return - Risk free rate) / Beta. For Z, Reward to risk = (0.094 - 0.051)/0.8 = 0.043/0.8= 0.0538 = 5.38%
SML Reward to Risk = 0.066 = 6.6%
Reward to Risk for Y > than SML Reward to Risk, then stock Y is undervalued.
Reward to RIsk for Z > than SML Reward to Risk, then stock Z is overvalued.
Question Help
The table gives information about a nations labor force.
What’s is the unemployment rate?
The employment rate is_____percent
What's is the unemplyment rate?
The unemployment rate soared from a 50-year low of 3.5 percent to 14.8 percent in April 2021 at the beginning of the CVID-19 pandemic, and then fell faster than many forecasters anticipated, to 6.3 percent in January 2021
The employment rate is_____percent
The employment-population ratio represents the proportion of the civilian non-institutional population that is employed. In 2021, the U.S. employment rate stood at 56.8 percent.
Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during January. The candle wax costs $1.24 per pound. Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively and direct materials wax inventory of 12,500 pounds. Factory overhead was budgeted at $300,000. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
$2,414,125
Explanation:
Preparation of a cost of goods sold budget for Pasadena Candle Inc
Pasadena Candle Inc. COST OF GOODS SOLD BUDGET For the Year Ending December 31
Finished goods inventory, January 1 $200,000
Work in process inventory, January 1 $41,250
DIRECT MATERIALS:
Direct materials inventory, January 1 $19,840
Direct materials purchases $60,4035
Cost of direct materials available for use $62,3875
Direct materials inventory, December 31 $15,500
Cost of direct materials placed in production $608,375
Direct labor $1,413,000
Factory overhead $300,000
TOTAL manufacturing costs $2,321,375
Total work in process during period $2,362,625
($41,250+$2,321,375)
Work in process inventory, December 31 $28,500
Cost of goods manufactured $2,334,125
($2,362,625-$28,500)
Cost of finished goods available for sale $2,534,125
($2,334,125+$200,000)
Finished goods inventory, December 31 $120,000
COST OF GOODS SOLD $2,414,125
($2534125-$120,000)
Therefore The cost of goods sold budget for Pasadena Candle Inc will be $2,414,125
What do you know about productivity?
Answer:
The classic productivity definition is “a way to measure efficiency.” In an economic context, productivity is how to measure the output that comes from units of input. Tony Robbins' approach to productivity focuses on ways people can systematize and better manage their lives so they have more time to do what they want.
Answer:
productivity
Explanation:
productivity is the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.
im not very productive but im kinda productive today
_______ describes approaches that recognize differences between target markets by using individual marketing mixes.
a. market segmentation
b. segmentation criteria
c. segmented marketing strategy
Answer:
Option C, Segmented marketing strategy
Explanation:
Segmented marketing strategy is a process of breaking down the targeted audience into smaller groups so that it can be easily managed. The criteria’s used for breaking down the market include – geography, behaviour, demography and Psychographic.
Hence, option C is correct
The key to choosing the "right" form of ownership is:___________-
a. knowing the cost factor in time and money.
b. understanding how each form affects both business and personal circumstances.
c. having an experienced attorney and accountant to advise you in the choice.
d. the fact you cannot change the form of ownership once your company is established.
Answer:
b
Explanation:
The key to choosing the "right" form of ownership is understanding how each form affects both business and personal circumstances.
Basically there are three types of ownerships in the market sole proprietor, partnership and corporation. So, choosin the right kind of ownership does affect both business and personal circumstances
Some estimates have been presented to Charlene, the Director of Operations (DO) at Holly Farms, which is considering alternative environmental chambers for a project that will detail laboratory confirmations of online bacteria tests in chicken meat for the presence of E. coli 0157:H7 and Listeria monocytogenes.
Chamber D103 Chamber 490G
Installed cost, $ -400,000 -250,000
Annual operating cost, $ per year -4000 -3000
Salvage value at 10% of P, S 40000 25,000
Life, years 3 2
Required:
a. If this project will last for 6 years and i 10% per year, perform an AW method evaluation to determine which chamber is more economical.
b. Chamber D103 can be purchased with different options and, therefore, at different installed costs. They range from$300,000 to $500,000. Will the selection change if one of these other models is installed?
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
First, we need to sort out the data given properly, so that we can answer to the best.
Data Given:
For Chamber D103:
Installed Cost = -400,000 USD
Annual Operating Cost Per Year = -4000 USD
Salvage Value 10% of P = 40,000 USD
Life = 3 years
Similarly,
For Chamber 490G:
For Chamber D103:
Installed Cost = -250,000 USD
Annual Operating Cost Per Year = -3000 USD
Salvage Value 10% of P = 25,000 USD
Life = 2 years
a.
For Chamber D103
AW Chamber D103 = -400,000 x (A/P, 10%, 3) + 40000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -400,000 x 0.40211 + 40000 x 0.30211 - 4000
AW Chamber D103 = -152,760 USD
For Chamber 490G:
AW Chamber 490G = -250,000 x (A/P,10%,2) + 25000 x (A/F,10%, 2) - 3000
So,
(A/P,10%,2) = 0.5762
(A/F,10%, 2) = 0.4762
AW Chamber 490G = -250,000 x 0.5762 + 25000 x 0.4762 - 3000
AW Chamber 490G = -135,143 USD
So, after evaluating both the chambers using the AW method, more economical is the chamber 490G.
b.
Now, we need to change the values to check whether the chamber selection can be changed or not:
so, New values for Chamber D103
P = -300,000 and Salvage value of 30,000
For Chamber D103
AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -300,000 x 0.40211 + 30,000 x 0.30211 - 4000
AW Chamber D103 = -115,570 USD
New Values for Chamber D103
P = -500,000 and the Salvage Value = 50,000
AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -500,000 x 0.40211 + 50,000 x 0.30211 - 4000
AW Chamber D103 = -189,950 USD
Hence,
At P = 300,000 will definitely change the selection to D103 Chamber.
Sylvana is given a job offer with two alternative compensation packages to choose from. The first package offers her $250,000 annual salary with no qualified fringe benefits. The second package offers $235,000 annual salary plus health and life insurance benefits. If Sylvana were required to purchase the health and life insurance benefits herself, she would need to pay $10,000 annually after taxes. Assume her marginal tax rate is 35 percent.
Required:
a. Which compensation package should she choose and by how much would she benefit in after-tax dollars by choosing this package?
b. Assume the second package offers $240,000 plus benefits instead of $235,000 plus benefits. Which compensation package should she choose and by how much would she benefit in after-tax dollars by choosing this package?
Answer:
Sylvana
a. Compensation package to choose = 2nd Package
After-tax dollars benefit for choosing the 2nd Package = $3,250
b. Compensation package to choose = 2nd Package
After-tax dollars benefit for choosing the 2nd Package = $6,500
Explanation:
a) Data and Calculations:
1st Package 2nd Package
Annual salary $250,000 $235,000
Fringe benefits $0 10,000
Health & Life Insurance (10,000) $0
Taxable income $240,000 $245,000
Taxes (35%) (84,000) (85,750)
Net pay $156,000 $159,250
Net benefit of 2nd Package over 1st Package = $3,250 ($159,250 - $156,000)
1st Package 2nd Package
Annual salary $250,000 $240,000
Fringe benefits $0 10,000
Health & Life Insurance (10,000) $0
Taxable income $240,000 $250,000
Taxes (35%) (84,000) (87,500)
Net pay $156,000 $162,500
Net benefit of 2nd Package over 1st Package = $6,500 ($162,500 - $156,000)
Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.)
January 1 December 31
Inventories Raw materials inventory $7,300 $7,800
Work in process inventory 12,400 9,400
Finished goods inventory 10,200 6,300
Activity during current year
Materials purchased $127,000
Direct labor 94,800
Factory overhead 44,700
Answer:
$126,500
Explanation:
Computation of cost of direct materials used
Raw materials inventory Jan 1
$7,300
Add:
Materials purchased
$127,000
Raw materials available for production
$134,300
Less:
Raw materials inventory December, 31
($7,800)
Cost of direct materials used
$126,500
Outdoor Expo provides guided fishing tours. The company charges $200 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May.
May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($900 = $180 × 5). The tour is scheduled for May 7.
May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days.
May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught.
May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene’s tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 40% of the amount due.
May 20 Charlene pays for the tour after deducting the sales allowance.
Required:
a. Record the necessary transaction(s) for Outdoor Expo on each date.
b. Calculate net sales.
c. Show how Outdoor Expo would present net sales in its income statement.
Answer:
a. Recording of transactions:
May 7, Accounts Receivable (Dr.) $900
Sales Revenue (Cr.) $900
May 15, Customer service Expense (Dr.) $360
Sales Allowance (Cr.) $360
May 20, Cash (Dr.) $495
Cash Discount (Dr.) $45
Sales Allowance (Dr.) $360
Accounts receivable (Cr.) $900
Explanation:
b. Net Sales :
Total Quote ($180 * 5 ) = $900
Less : Cash Discount 5% = 45
Less : Sales Allowance 40% = 360
Net Sales = $495
c. Outdoor expo will record sales after deducting the cash discount. This discount is availed by customer as repayment is made within 15 days. The sales allowance is subtracted from the gross sales as the compensation is made from the outdoor expo due to mistake from their guide on tour. The net sales reported in Income statement will be $495.
Two independent companies, Denver and Bristol, each own a warehouse, and they agree to an exchange in which no cash changes hands. The following information for the two warehouses is available:Denver BristolCost $90,000 $45,000Accumulated depreciation 55,000 25,000Fair value 30,000 30,000Required:1. Assuming the exchange has commercial substance, prepare journal entries for both Denver and Bristol to record the exchange.2. Assuming the exchange does not have commercial substance, prepare journal entries for both Denver and Bristol to record the exchange.
Answer:
1. In the books of Denver
Dr Accumulated depreciation 55000
Dr Warehouse (new) 30000
Dr Loss on disposal 7000
Cr Warehouse (old) 90000
Cr Cash 2000
2. In the Books of Bristol:
Dr Cash 2000
Dr Warehouse (new) 28,000
Dr Accumulated depreciation 25000
Cr Loss on disposal 10000
Cr Warehouse (old) 45000
Explanation:
1. Preparation of the journal entries for Denver
In the books of Denver
Dr Accumulated depreciation 55000
Dr Warehouse (new) 30000
($28000 + $2000)
Dr Loss on disposal 7000
(90,000+2,000-55,000-30,000)
Cr Warehouse (old) 90000
Cr Cash 2000
(Being To record the exchange of warehouse)
2. Prepare of the journal entries for Bristol
In the Books of Bristol:
Dr Cash 2000
Dr Warehouse (new) 28,000
($30000 - $2000)
Dr Accumulated depreciation 25000
Cr Loss on disposal 10000
(2000+28,000+25,000-45,000)
Cr Warehouse (old) 45000
(Being To record the exchange of warehouse)
We discussed that President Roosevelt shifted SRAS to the left when he cartelized industries and boosted prices, making the economic downturn really bad. While some of government spending went to social programs, a rather large amount of government activity involved creating inflation. There are other things he could have done to mitigate, rather than exacerbate, the problem. Which of the following would have instead brought the economy back to full employment? (Check all that apply.)
A. Increase business taxes.
B. Reduce business regulations.
C. Strengthen labor unions
D. Spend money only on social programs.
Answer:
One of the things President Roosevelt could have done to mitigate, rather than exacerbate inflation or economic downturn was:
B. Reduce business regulations.
Explanation:
During his tenure government obtained the legal backing to regulate businesses. We are aware of the detrimental effects of business regulations by government, which skyrocketed from 1936 at the height of the New Deal measures, thereby increasing the compliance burden on businesses. Some of the newest regulations include the Federal Trade Commission (FTC), the Fair Packaging and Labeling Act of 1966, Fair Labor Standards Act (FLSA), The Employee Retirement Income Security Act (ERISA), the Environmental Protection Agency (EPA), and several Privacy laws.
Daniel and Melissa just bought a new house for $200,000. Each quarter, they now have to pay $4,000 in taxes. Which type of tax are they MOST
likely paying because of this purchase?
OA estate
OB
inheritance
Ос
real estate property
OD.
income
Answer:Real estate property
Explanation:Real estate property
Daniel and Melissa have to pay real estate property tax for purchasing new house. The correct option is (c).
What is real estate property tax?Real estate property tax refers to that amount which is paid by the owner of the property holder to the local government or Municipal Corporation according to the law of their country.
Real estate property refers to office buildings, commercial buildings, property, residential homes that are rented out to the third parties all these are considered under it. Householders pay this tax every year to the local government.
Calculate the property tax:
Property tax = base value × built up area ×age factor× type of building × category of use × floor factor.
Daniel and Melissa pay the property tax because it comes under the residential property. This tax shall be go to the local government. This real estate property tax paid by every year.
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The accounting staff of Welter Company has assembled the following information for the year ended December 31,
2002
Cash sales
$ 450,000
Credit sales
3,100,000
Collections on accounts receivable
3.100,000
Cash transferred from the money market fund to the general bank account 170,000
Interest and dividends received
80,000
Purchases (all on account)
1,650,000
Payments on accounts payable to merchandise suppliers
1,400,000
Cash payments for operating expenses
1,130,000
Interest paid
160,000
Income taxes paid
72,000
Loans made to borrowers
750,000
Collections on loans (excluding receipts of interest)
250,000
Cash paid to acquire plant assets
2,000,000
Book value of plant assets sold
540,000
Loss on sales of plant assets
60,000
Proceeds from issuing bonds payable
3,000,000
Dividends paid
260,000
Cash and cash equivalents, Jan. 1
700.000
Prepare a statement of cash flows. Place brackets around amounts representing cash outflows. Use the
direct method of reporting cash flows from operating activities
Answer: brainliest please
Explanation:
Prepare a statement of cash flows. Place brackets around amounts representing cash outflows. Use the
Statement of Cash flows
Cash flows from operating activities
cash received from customers
3,007,000
interest and dividends received
100,000
3,107,000
cash paid for merchandise
-1,520,000
cash paid for other operating expenses
-1,045,000
interest paid
-180,000
cash paid for income taxes
-95,000
net cash provided by operating activities
267,000
Cash flows from investing activities
Loans made to borrows
-500,000
Collections from loans to borrowers
260,000
cash paid for assets
-3,100,000
cash from sale of assets
575900
net cash provided by investing activities
-2,764,100
Cash flows from financing activities
proceeds from issuing bonds
2,500,000
payment of dividend
-120,000
net cash provided by financing activities
2,380,000
net increase in cash
-117,100
Cash balance, beginning
512,000
Cash transfer from money market to general bank 250,000
cash balance, ending
644,900
(1) Compute the amount of collections from customers.
Cash sales $ 812,000 + Collections on accounts receivable 2,195,000 = $3,007,000
(2) Compute the amount of cash paid to suppliers and employees.
Cash paid to suppliers = $1,520,000 + 1045000 = 2,565,000
(3) Compute the amount of proceeds from sales of plant assets
Proceeds from sales of plant assets $
Book value of plant assets sold 655,300 - Loss on sales of plant assets 79400 = $575,900
What is a reason that countries trade?
Answer:
Countries trade with each other when, on their own, they do not have the resources, or capacity to satisfy their own needs and wants. By developing and exploiting their domestic scarce resources, countries can produce a surplus, and trade this for the resources they need.
Casey transfers property with a tax basis of $2,000 and a fair market value of $5,000 to a corporation in exchange for stock with a fair market value of $4,000 and $400 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $600 on the property transferred. Casey also incurred selling expenses of $300. What is the amount realized by Casey in the exchange?
A. $5,000
B. $4, 700
C.. $4, 600
D. $4, 200
Answer:
B. $4,700
Explanation:
Calculation for the amount realized by Casey in the exchange
Using this formula
Amount realized in the exchange=Fair market value+ Qualifies deferral transaction+Property transferred Liability-Incurred selling expenses
Let plug in the formula
Amount realized in the exchange=$4,000 +$400 +$600 - $300
Amount realized in the exchange=$4,700
Therefore the amount realized by Casey in the exchange will be $4,700
Cindy did not say anything the first time Carl pushed her as they walked in the hall. On the way back, he did it again. This time, Cindy caught his eye, smiled, and said, "Carl, you should signal before crossing into my lane." Cindy's behavior can be best described as
Answer: assertive
Explanation:
Based on the information given in the question, Cindy's behavior can be best described as being assertive.
To be assertive means that an individual can stand up for his or her own rights and that of other individuals in a calm way without being aggresive towards others.
Here, we can see that despite the fact that Carl pushed Cindy, she calmly got her point across to Carl without being aggressive or upset him. This shows that she's assertive.
Choose the sentence that is most clearly written by circling the letter of your choice.
a. With her bonus money, Mary decided to paint the kitchen, carpet the dining room,and to buy a new stereo.
b. With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo.
c. With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo.
d. With her bonus money, Mary decided to paint the kitchen, carpeting the dining room, and buying a new stereo.
Answer:
c
Explanation:
choose c because the correct wording when writing, With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo. this is the only sentence that uses the words put carpet in the dining room and that us grammatically correct.
The most clearly written sentence is With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo. Option B is the correct answer.
This sentence is concise and follows a parallel structure by using the verb "to" before each action (paint, carpet, buy). The sentence is clear and easy to understand, without any unnecessary words or repetitive phrases. Option B is the correct answer.
Sentence refers to the rules and structure that govern the formation and arrangement of words, phrases, and clauses within a sentence to convey meaning accurately. It ensures that a sentence is grammatically correct and easy to understand. A sentence typically consists of a subject (the person, thing, or idea the sentence is about) and a predicate (the part of the sentence that provides information about the subject, including the verb).
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With critical internal metrics collected as part of the market information system, management is able to do two things. First, management might use this information to identify the problem, and second, and more effective in its use of market information systems, is to proactively address issues before they become a problem.
a. True
b. False
Answer: True
Explanation:
Internal data simply had to do with the information that is generated and gotten from the company or organization.
We should note that critical internal metrics is collected as part of the market information system as it helps in addressing certain issues with regards to the business before they become a problem.
Having the right information is vital for the decision makers in an organization to make decisions. A vital aspect of the marketing management is the creation of a procedure which collects relevant information and then analyses them.
Based on the above explanation, the statement above is true.
provide one to two strategies you might incorrect to ensure effectiveness of persuasive message in business.
provide one to two strategies to help ensure the most polite professional and appropriate manner to deliver bad news in business.
Explanation:
Persuasive message:
A persuasive message in business has as its main objective to convince the public to act or do something, such as carrying out tasks, engaging in a project or closing sales. So two effective strategies could be:
speak or write about the advantages that the public will have in carrying out what is being asked for or sold. have good oratory and convincing skills when using mental triggers and persuasive techniquesDeliver bad news in business:
In order to deliver negative messages to an organization, the communication process must be carried out with great caution, since negative news are generally received with dissatisfaction by the public and if they are not passed on effectively they can cause conflicts and other problems in the organizational environment. Some strategies for delivering negative messages would therefore be:
Using an indirect approach to cushion bad news, this approach aims to not speak the news right at the beginning of the message, but to list the facts that have led to a negative situation, so there is a greater sense of understanding by the audience and cushioning the central news. Be as transparent as possible, recognizing the difficulties that the company will face at the moment but using positive elements in the message that reiterate the union and the overcoming of the whole company.Job costing, accounting for manufacturing overhead, budgeted rates. The Pisano Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. Pisano uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine- hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2014 budget for the plant is as follows:
Machining Department Finishing Department
Manufacturing overhead costs $9,065,000 $8,181,000
Direct manufacturing labor costs $970,000 $4,050,000
Direct manufacturing labor-hours 36,000 155,000
Machine-hours 185,000 37,000
Required:
What is the budgeted manufacturing overhead rate in the machining department? In the finishing department?
Answer:
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
Explanation:
Budgeted manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity
Note that ;
1. Machining department has machine- hours as the allocation base.
2.Finishing department has direct manufacturing labor costs as the allocation base
Therefore,
Budgeted manufacturing overhead rate (Machining department) = $9,065,000 ÷ 185,000 = $49.00 per machine hour
Budgeted manufacturing overhead rate (Finishing department) = $8,181,000 ÷ 155,000 = $52.78 per direct labor hour
Conclusion
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
What are some range of “needs, wants, and demands” that chocolate buyers have ?
Answer:Taste, packaging levels of sugar, and what ingredients the chocolate has, if it's from a eco company like fair trade or from normal production in factories etc.
Explanation:
The amount of ingredients and the effect on the enviroment as a whole.
Answer:
i wish i was smart tho dang
The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for a note collected by the bank on the Cherokee Company's behalf. The company books reported an ending balance of $29,070, and determined that deposits in transit equal $16,800 and outstanding checks equal $18,750.
What is the adjusted cash balance?
Select one:
A. $21,120
B. $41,910
C. $16,800
D. $35,910
Lakeside Company is holding a $18,000, 90-day, 6% note receivable, dated December 1, 2019. The journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
Select one:
A. Credit note receivable for $18,000
B. Credit interest income for $270
C. Debit to interest receivable for $90
D. Debit cash for $18,270
Answer:
Question 1
B. $41,910
Question 2
C. Debit to interest receivable for $90
Explanation:
Question 1
Calculation for the adjusted cash balance
Using this formula
Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks
Let plug in the formula
Adjusted cash balance= $43,860+$16,800-$18,750
Adjusted cash balance= $41,910
Therefore Adjusted cash balance is $41,910
Question 2
Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:
Debit to interest receivable for $90 which is calculated as:
Interest receivable=[(6%*$18,000*90days/360)/3]
Interest receivable=$270/3
Interest receivable=$90
Adjust the cash balances in the business bank account by subtracting monthly fees, overdraft charges, or adding interest. The amount of interest receivable is the amount of interest earned but not yet collected in cash.
1. The computation for the adjusted cash balance:
[tex]\text{Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks}[/tex]
[tex]\text{Adjusted cash balance}= 43,860+16,800-18,750[/tex] [tex]\text{Adjusted cash balance}= 41,910[/tex]
Therefore, option C, $41,910 is the adjusted cash balance and is the correct answer for Question 1.
2.
[tex]\text{Interest receivable}=[\frac{0.06 \text{ X } 18,000 \text{ X } 90 \text{ days}}{360})/3][/tex]
[tex]\text{Interest receivable}= \frac{270}{3}[/tex]
[tex]\text{Interest receivable=90}[/tex]
Therefore, option C, interest receivable for $90 is the correct answer for Question 2.
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The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a year by the average person falls from 30 loaves to 22 loaves. What is the income elasticity of bread consumption? Is bread a normal or an inferior good?
Answer:
the income elasticity of bread is 20/39 and bread is an inferior good
Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 years. It is inefficient compared to modern standards, though, and so the company is considering replacing it. The new milling machine, at a cost of $120,000 delivered and installed, would also last for 10 years and would produce after-tax cash flows (labor savings and depreciation tax savings) of $18,900 per year. It would have zero salvage value at the end of its life. The Project cost of capital is 9%, and its marginal tax rate is 35%. Should Chen buy the new machine? Do not round intermediate calculations. Round your answer to the nearest cent. Negative value, if any, should be indicated by a minus sign.NPV: $ _________
Answer:
Chen should buy the new machine since it produces a positive NPV of $1,294
Explanation:
Summary of the Project Cash Flows is as follows :
Year 0 = ($120,000)
Year 1 to Year 10 = $18,900
The Project cost of capital = 9%
Calculation of the Project`s NPV :
NPV can be calculated from this summary using a financial calculator as :
CF0 = ($120,000)
CF1 = $18,900
Nj = 10
i = 9 %
NPV = ?
NPV = $1,293.73 or $1,294
The Project is accepted only if it has a Positive NPV
Conclusion,
Chen should buy the new machine since it produces a positive NPV of $1,294.
On December 1, 2021, Sheridan Company issued 770 of its 9%, $1,000 bonds at 102. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 shares of Sheridan's common stock. On December 1, 2021, the market value of the bonds, without the stock warrants, was 95, and the market value of each stock purchase warrant was $50. The amount of the proceeds from the issuance that should be accounted for as the initial carrying value of the bonds payable would be
A. $770000.
B. $785400.
C. $738276
D. $746130.
Solution :
The cash received on the issue of the bond 785,400 [tex]$=770 \times 1000 \times 102\%$[/tex]
The bond market value without warrant 731,500 [tex]$=770\times 1000 \times 95\%$[/tex]
Bond total par value 770,000 [tex]$=770\times 1000$[/tex]
The initial carrying value of the bon payable $ 746,130 [tex]$=\frac{731,500 \times 785,400}{770,000}$[/tex]
Thus the initial carrying would be = $ 746,130
At the beginning of April, Owl Corporation has a balance of $13,000 in the Retained Earnings account. During the month of April, Owl had the following external transactions.1. Issue common stock for cash, $11,000.2. Provide services to customers on account, $8,500.3. Provide services to customers in exchange for cash, $3,200.4. Purchase equipment and pay cash, $7,600.5. Pay rent for April, $1,100.6. Pay employee salaries for April, $3,500.7. Pay dividends to stockholders, $2,000.Required:Using the external transactions above, compute the balance of Retained Earnings at April 30.
Answer:
38,931.9
Explanation:
i hope this is right if iam not wrong
Your boss gave you a project to complete in 1 week. How would you go about
planning, organizing and delegating with your staff off six (6)?
Answer:
Communicate the task. Describe to your employees exactly what you want done, when you want it done, and the end results you expect. Be clear and unambiguous and encourage your employees to ask questions. ... Empower your employees with the level of authority required to complete the task.
Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started in the current accounting period Turnbull paid its builder $250,000 toward construction of the building. During the period Turnbull had outstandingjilebt of $200,000 with an interest rate of 6% and pays interest at the end of the period. What amount of interest should Turnbull include in the cost of the building from the current period?
A. $0
B. $3,000
C. $12,000
D. $15,000
Answer: $12000
Explanation:
The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:
= $200,000 × 6%
= $200,000 × 6/100
= $200,000 × 0.06
= $12,000
Therefore, the correct option is C.
Forest Company, which uses a weighted-average process-costing system, had 7,000 units in production at the end of the current period that were 60% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow.Material A: $12.50Material B: $2.00Conversion cost: $6.60The cost of the company's ending work-in-process inventory is:A. $88,620.B. $115,220.C. $123,620.D. $147,700.E. some other amount.
Answer:
B. $115,220
Explanation:
Material A introduced at the beginning of the process = $12.50
Conversion Cost = $6.6*60% = $3.96
Total = $12.5 + $3.96 = $16.46
WIP ending inventory = $16.64*7000 units
WIP ending inventory = $115,220
company send and receive messages daily via email, voice mail, text and traditional memos. A persuasive message occurs when a person attempts to convince an individual or group to take certain specific actions. negative messages are often associated with bad news such as employer firings layoffs and negative reviews.
provide 1-2 strategies you might incorporate to ensure effectiveness of persuasive message in business
provide 1-2 strategies to help ensure the most polite, professional and appropriate manner to deliver bad news in business
Explanation:
Persuasive message:
Cordial, positive communication, with a focus on negotiation and openness to receiving proposals and feedbacks. Indirect approach, with a focus on explaining the advantages and benefits of the public to perform the expected action such as performing a specific task or concluding a sale.
Deliver bad news in business:
Be transparent and communicate all the reasons that led the organization to face the bad news that is being communicated, maintaining a realistic but positive approach to maintain the sense of unity and overcoming of employees. Using an indirect approach so that bad news has less impact on the audience, for this the communication is made using soothing words and the news is in fact only given at the end of the message when explanations of the reasons for the fact are explained which increases the employees' sense of understanding.