Answer: $7
Explanation:
Firstly, we'll calculate the equity which will be:
= Value of operations - Value of debt
= $1000 - $300
= $700
Then, the intrinsic price will be:
= Equity/Number of shares
= $700/100
= $7
Therefore, the intrinsic per share stock price immediately after the distribution will be $7
On December 31, journalize the write-offs for 2016 under the allowance method. Also, journalize the adjusting entry for uncollectible accounts. The company recorded $5,250,000 of credit sales during 2016. Based on past history and industry averages, ¾% of credit sales are expected to be uncollectible. Refer to the Chart of Accounts for exact wording of account titles.
Casebolt Company wrote off the following accounts receivable as uncollectible for the first year of its operations ending December 31, 2016:
Customer Amount
Shawn Brooke $4,650
Eve Denton 5,180
Art Malloy 11,050
Cassie Yost 9,120
Total $30,000
Answer:
Casebolt Company
Journal Entries:
Dec. 31, 2016
Debit Allowance for Uncollectible Accounts $30,000
Credit Accounts Receivable $30,000
To write-off uncollectible accounts.
Dec. 31, 2016
Debit Bad Debts Expenses $69,375
Credit Allowance for Uncollectible Accounts $69,375
To record bad debts for the year and bring the Allowance for Uncollectibles to a credit balance of $39,375.
Explanation:
a) Data and Calculations:
Credit sales for 2016 = $5,250,000
Uncollectible allowance based on past history and industry = 3/4% = $39,375 ($5,250,000 * 3/4%)
Actual accounts written off as uncollectible = $30,000
Customer Amount
Shawn Brooke $4,650
Eve Denton 5,180
Art Malloy 11,050
Cassie Yost 9,120
Total $30,000
Analysis:
Dec. 31, 2016 Allowance for Uncollectible Accounts $30,000 Accounts Receivable $30,000
Dec. 31, 2016 Bad Debts Expenses $69,375 Allowance for Uncollectible Accounts $69,375
Both corrective taxes and tradable pollution permits reduce the cost of environmental protection and thus should increase the public's demand for a clean environment. b. Both corrective taxes and tradable pollution permits provide market-based incentives for firms to reduce pollution. c. Tradable pollution permits have an advantage over corrective taxes if the government is uncertain as to the optimal size of the tax necessary to reduce pollution to a specific level. d. Corrective taxes set the maximum quantity of pollution, whereas tradable pollution permits fix the price of pollution.
Answer:
d. Corrective taxes set the maximum quantity of pollution, whereas tradable pollution permits fix the price of pollution.
Explanation:
The government applied the alternatives for the policy in order to control the pollution problem
here following two vital policy alternatives i.e.
1. Corrective taxes
2. Permits of Tradable pollution
The corrective taxes impose the per unit tax with regard to the pollution i.e. emitted. Also it fixed the pollution price
Here there is a permit of the tradable pollution that could set the pollution limit i.e. maximum. On the other hand, the firm could emit the pollution till the quantity mentioned by the permit of the tradable permit
So, the option d should be considered
Scenario: Roberto Baldwin As the owner and manager of Fantastic Toys, Roberto Baldwin is fascinated by all the changes occurring and transforming the workplace. Roberto is concerned about the important OB trends that he can understand and take advantage of in developing and positioning his company in the marketplace. If Roberto wants to study deep-level diversity in his organization, he should
Answer: increases its connectivity with people and organizations in other parts of the world.
Explanation:
You can check the options online on the site.
Deep-level diversity simply refers to the traits that are non-observable which such as norms, attitudes, beliefs, and values.
Since Roberto wants to study deep-level diversity in his organization, therefore, he should increases its connectivity with people and organizations in other parts of the world. This will help him in learning about the norms and values of other people.
Using the data below, compute DEBT RATIO.
Using the data below, compute Return on Equity.
Accounts Payable 800
Accounts Receivable 1,100
Capital Stock 2,000
Cash 50
Cost of Goods Sold 6,000
Inventory 1,500
Long-term Debt 1,820
Net Income 950
Property, Plant, and Equipment (net) 3,000
Retained Earnings 1,030
Sales 10,000
Market value of shares 12,000
Answer:
a. Total Liabilities = Accounts Payable + Long-term Debt
Total Liabilities = 800 + 1,820
Total Liabilities = $2,620
Total Assets = Accounts Receivable + Cash + Inventory + Property, Plant, and Equipment (net)
Total Assets = 1,100 + 50 + 1,500 + 3,000
Total Assets = $5,650
Debt Ratio = Total Liabilities / Total Assets
Debt Ratio = $2,620 / $5,650
Debt Ratio = 0.463717
Debt Ratio = 46.37%
b. Return on Equity = Net Income / Shareholder Equity
Return on Equity = Net Income / (Capital Stock + Retained Earnings)
Return on Equity = $950 / ($2,000+$1,030)
Return on Equity = $950 / $3,030
Return on Equity = 0.31353135
Return on Equity = 31.35%
An investor in the 32% tax bracket is considering two investment options of equal risk: a corporate bond that yields 8.25% and a municipal (muni) bond that yields 4.75%. Assuming the investor will select the bond with the highest yield, which bond should this investor choose
Answer: Corporate bond
Explanation:
It should be noted that the municipal bond aren't taxable. Therefore, its yield will be 4.75%.
On the other hand, the After Tax Cost of the yield of the corporate bond will be:
= Yield × (1-Tax Rate)
= 8.25% × (1-35%)
= 8.25% × 65%
= 5.36%
Therefore, the Corporate Bond should be chosen since it has a higher yield.
A buyer uses a periodic inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5. On December 15, it pays the invoice in full. Prepare the buyer's necessary journal entry for payment by selecting the account names from the drop-down menus and entering dollar amounts in the Debit and Credit columns.
Answer:
Explanation:
Purchase discount = $4000 * 2% = $80
Date Accounts title Debit Credit
Dec-15 Accounts Payable $4,000
Purchase Discounts $80
Cash $3,920
(To record payment within discount term of 10 days)
Value stream mapping (VSM):_____.
a. is typically done once an organization has converted to a lean system.
b. facilitates identifying sources and causes of waste.
c. has the potential to increase the carbon footprint.
d. is applied only in push production systems.
Answer:
b. facilitates identifying sources and causes of waste
Explanation:
Value-stream mapping can be regarded as material and information flow mapping, it can be explained as
lean-management method used in
analyzing of the current state as well as designing of future state as regards
series of events that is involved in taking a product/service from the starting of the particular process until the product/service gets to the customer. It should be noted that Value stream mapping (VSM) facilitates identifying sources and causes of waste
Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 5 bars and the price is Rs.600 per bar. In year 2, the quantity produced is 6 bars and the price is Rs.750 per bar. In year 3, the quantity produced is 7 bars and the price is Rs.825 per bar. Year 1 is the base year. What is nominal GDP for year 1? What is real GDP for year 2? What is real GDP for year 3? What is the GDP deflator for year 2? What is the GDP deflator for year 3? What is the percentage growth rate of real GDP from year 2 to year 3? (Please avoid typing % sign)
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
The current stock price of Alcoco is $40, and the stock does not pay dividends. The instantaneous risk-free rate of return is 7%. The instantaneous standard deviation of Alcoco's stock is 25%. You want to purchase a put option on this stock with an exercise price of $45 and an expiration date 30 days from now. According to the Black-Scholes OPM, you should hold __________ shares of stock per 100 put options to hedge your risk. Assume 365 days in a year
a) 59
b) 99
c) 55
d) 94
discuss how business risks are both inevitable and unavoidable
Answer:
Risk is inevitable in everything we do. ... There may be some unlikely but high impact risks, for example, the risk that the solution could cause the destruction of the organisation (see the case studies below). The good Project Manager will constantly assess the risks and take action as needed.
What are the consequences of negative externalities on society
Answer:
If a good has a negative externality, the cost to society is grearter than the cost consumers is paying for it. Since consumers make a decision based on where their marginal cost equals their marginal benefits, and since they don't take into account the cost of negative externality, negative externalities result in market inefficiencies...
Spotify just paid a cash dividend of $1 per share. Investors require a 16% return from investments such as this. If the dividend is expected to grow at a steady 6 percent per year, what is the current value of the stock
Answer:
$10.60
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
1(1.06) / 0.16 - 0.06
1.06/0.10 = 10.60
Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
Answer and Explanation:
The computation is shown below:
a. The amount that should be paid is
= $4,500 - $1,200 - ($4,500 - $1,200) × 2%) + $140
= $4,500 - $1,200 - $66 + $140
= $3,374
And,
b. The amount that should be paid is
= $7,650 - $450 - ($7,650 - $450) × 1%
= $7,650 - $450 - $72
= $7,128
In this way the amount to be paid in full could be determined
For each example listed, decide if the good is a normal good or an inferior good. Make sure you answer from the perspective of the individual or individuals doing the buying or consuming. You are currently in a labeling module. Turn off browse mode or quick nav, Tab to items, Space or Enter to pick up, Tab to move, Space or Enter to drop. Billy's mom increases his weekly allowance by $ 5 . As a result, Billy increases the number of apps he downloads on his smartphone. Smartphone apps are Susan gets a 15 percent performance bonus at work. She can finally stop eating so many frozen pizzas and eat something more tasty. Frozen pizzas are Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has his commission. Mike decides to switch from name brand cereal to generic cereal. Generic cereal is Hair stylist Molly loses a few of her clients. Molly cuts back on the number of smoothies she buys during the week. Smoothies are:______.
Answer and Explanation:
In the case when the income increased so the demand also increased so the goods are classified as the normal goods. Therefore the apps are normal goods
In the case when the income increased but the demand declines so it is to be considered as the inferior goods so frozen pizzas are inferior goods
In the case when there is the decline in the income due to this the income rises so the goods are inferior goods. So, the generic cereal is an inferior goods
In the case when the income declines so the demand also declines this meand the goods are normal goods. So, smoothies are normal goods
Suppose a consumer with an income of $100 is faced with Px = 1 and Py = 1/2. What is the market rate of substitution between good X (horizontal axis) and good Y (vertical axis)? A. 0.50 B. -1.0 C. -2.0 D. -4.0
Answer:
The correct option is C. -2.0.
Explanation:
The Market Rate of Substitution can be described as the rate at which one good can be exchanged for another at current market prices.
Given:
Px = 1
Py = 1/2, or 0.5
The MRSxy which is market rate of substitution between good X (horizontal axis) and good Y (vertical axis) can be calculated as follows:
MRSxy = - Px / Py = - 1/ 0.5 = -2,0
Therefore, the correct option is C. -2.0.
$
$
$
2,400.00
1,560.00
4,800.00
15,672.00
50,001.00
las en
50,000.00
50,001.00
(1.00)
$
Answer:
english pls
Explanation:
On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $36,000. The cab has an expected salvage value of $2,000. The company estimates that the cab will be driven 200,000 miles over its life. It uses the units-of-production method to determine depreciation expense. The cab was driven 45,000 miles the first year and 48,000 the second year. What would be the depreciation expense reported on the Year 2 income statement and the book value of the taxi, respectively, at the end of Year 2?
a. $8,640 and $19,260
b. $8,640 and $17,260
c. $8,160 and $20,190
d. $8,160 and $18,190
Answer:
C
Explanation:
Activity method based on output = (output produced that year / total output of the machine) x (Cost of asset - Salvage value)
year 2 = (48,000 / 200,000) x (36,000 - 2000) = 8160
book value = cost of asset - accumulated depreciation
accumulated depreciation = year 1 + year 2's depreciation
year 1 = (45,000 / 200,000) x (36,000 - 2000) =
- 200,000 - (7650 + 8160) =
On the issuance date, Saucedog Inc. had a Bonds Payable account with a balance of $55,000,000 and Premium on Bonds Payable account with a balance of $5,000,000. How much cash did Saucedog Inc. collect when these bonds were issued
Answer:
the cash collected in the case when the bonds are issued is $60,000,000
Explanation:
The computation of the cash collected in the case when the bonds are issued is shown below:
Bonds payable [Face value] $55,000,000
Add: Premium on Bonds payable [Unamoritzed] $5,000,000
Issue price of the bonds $60,000,000
Hence, the cash collected in the case when the bonds are issued is $60,000,000
A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the bottleneck time
Answer:
9
Explanation:
Given that
There is five stations who have the process time of 5,9,4,9 and 8
We need to find out the bottleneck time
so, as we know that the bottleneck is the duration of the activity who have longer time
So as per the given situation the 9 has the longest duration activity time
So, the same is to be considered
Bramble Corp. borrowed $870000 from Liber Bank on January 1, 2019 in order to expand its mining capabilities. The note required annual payments of $220776 and carried an annual interest rate of 8.5%. What is the balance in the notes payable account at December 31, 2020 if payments are made at the end of each year
Answer:
$563,867.79
Explanation:
Notes annual payments = $220,776
Notes payable January 1, 2019 = $870,000
Interest for the year 2019 = $870,000*8.5% = $73,950
Principal payment for 2019 = $220,776 - $73,950 = $146,826
Notes payable at the end of year 2019 = $870,000 - $146,826 = $723,174
Interest for the year 2020 = $723,174 * 8.5% = $61,469.79
Principal payment for 2020 = $220,776 - $61,469.79 = $159,306.21
Notes payable at the end of year 2021 = $723,174 - $159,306.21 = $563,867.79
cách huy động vốn của công ty bảo hiểm
How to raise capital from an insurance company?
The HR planning process should be aligned with the strategic process of the organization in general. It will show how HR will contribute to the achievement of goals and objectives the organization has determined as a whole. As part of the planning process, HR should perform a job analysis. To have a better understanding of the job analysis, you should answer all of the following questions for this assignment: Judge the job analysis process of an organization you are familiar with and indicate whether it is an effective one. Judge a job description and job specification for any job selected that was performed with that job analysis process. Indicate how you would improve it and explain its importance.
Answer:
Rating employees according to their performance against the key performance indicators.
Explanation:
HR has responsibility to hire, fire and appraise employees. An employee is appraised after his performance is analyzed. There are certain job specifications which an employee must satisfy in order to stay in the company. This is the main objectives for which a company has hired an employee. If an employee performs beyond expectation the he may qualify for promotions.
You are considering purchasing a piece of industrial equipment that costs 30000. You decide to make a down payment in the amount of 5000 and to borrow the remainder from a local bnak at an interest rate of 9% compounded monthly, which is to be paid for 36 monthly installments. The amount of the monthly payment is nearest to:_________
a. $954
b. $833
c. S795
d. $694
Answer:
b
Explanation:
Which career pathways require arm and hand steadiness as a qualification?
Biotechnology, Diagnostics, and Health Informatics
Biotechnology, Diagnostics, and Therapeutics
Therapeutics, Support Services, and Diagnostics
Therapeutics, Health Informatics, and Support Services
Answer:
C.
Explanation:
Therapeutics, Support Services, and Diagnostics
Answer:
C. Therapeutics, Support Services, and Diagnostics.
correct on edge unit test
This is a question I have on my Unit Test as I am typing this.
Explanation:
Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she lives at the time that she secures approval. Her interest rate is not a prime rate, and in order to determine if it triggers the threshold for higher-priced mortgage loans, her creditor must determine if the APR for the loan exceeds the average prime offer rate by:
Question Completion with Options:
2.5 percentage points
1.5 percentage points
3.5 percentage points
6.5 percentage points
Answer:
Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:
1.5 percentage points
Explanation:
The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.
Assume the following sales data for a company: 2013 $945,000 2012 877,500 2011 650,000 If 2011 is the base year, what is the percentage increase in sales from 2011 to 2012? Group of answer choices 24% 35% 76% 135%
Answer:
35%
Explanation:
percentage increase in sales from 2011 to 2012 = (sales in 2012 / sales in 2011) - 1
(877,500 / 650,000) - 1 = 0.35 = 35%
The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as the population mean and assume the population standard deviation of preparation fees is $100. Use z-table.
a. What is the probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean?
Answer:
The CPA Practice Advisor
The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:
= 56%
Explanation:
a) Data and Calculations:
Population mean (preparation fee for 2017 federal income tax returns) = $273
Population standard deviation of preparation fees = $100
Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)
z = (x-μ)/σ
z = standard score
x = observed value
μ = mean of the sample
σ = standard deviation of the sample
Z = ($273 - $257)/$100
= 0.16
Using the z-table
P = 0.5636
Which of the following costs is an example of a Selling & Administrative (S&A) cost rather than a product cost? Group of answer choices Depreciation on production equipment. Wages of salespersons. Wages of production machine operators. Insurance on factory equipment.
Answer:
The answer is B.
Explanation:
Option B. Wages of sales person are the example of a Selling and Administrative cost. Other examples are rents, distribution cost etc.
Option C is wrong. Wages of production machine operators is a direct wage. It will form part of cost of sales.
Option D is wrong. Insurance on factory equipment cannot be attributable to selling cost.
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 15 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.
Answer:
$913.54
Explanation:
Calculation to determine the bond's price
Using Financial calculator to solve for PV( PRESENT VALUE)
N = 2 × 15 = 30
I/YR = 8%/2 = 4%
PMT = 1,000*7%*1/2=35
FV = 1000
PV=?
Hence,
PV = $913.54
Therefore the bond's price is $913.54
Armstrong Security produces a variety of commercial burglar alarms. Their least expensive model has a demand of 400 units per day, the current lead time for this model is 2 days. They use containers that hold 20 alarms and use 44 Kanbans. What is their current safety stock policy (in percentage)?
Answer:
10%
Explanation:
Demand (D) = 400 per day, Lead time (L) = 2 days, Container capacity (C) = 20, Kanban (K) = 44. Let X represent safety factor
K = D * LT * (1+X) / C
44 = 400 * 2 * (1+X) / 20
880 = 400 * 2 * (1+X)
1 + X = 880 / 800
1 + X = 1.1
X = 1.1 - 1
X = 0.1
X = 10%
So therefore, their current safety stock policy is 10%