Answer: Yes
Explanation: This is true, because if you are new playing baseball like me I SUCKED at it but after some practice I won many leagues.
An investment offers $5,800 per year for 20 years, with the first payment occurring one year from now. a. If the required return is 7 percent, what is the value of the investment today
Answer:
Present value of the investment= $61,445.28
Explanation:
Giving the following information:
Annual payment= $5,800
Number of periods= 20 years
Interest rate= 7%
First, we need to calculate the future value of the investment:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {5,800*[(1.07^20) - 1]} / 0.07
FV= $237,773.86
Now, the present value:
PV= FV / (1 + i)^n
PV= 237,773.86 / (1.07^20)
PV= $61,445.28
Waterway Industries is planning to sell 800 buckets and produce 1080 buckets during March. Each bucket requires 200 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 200 grams and employees of the company are paid $15 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Waterway has 300 kilos of plastic in beginning inventory and wants to have 500 kilos in ending inventory. How much is the total amount of budgeted direct labor for March?
Answer:
See below
Explanation:
From the above,
One bucket requires;
200 grams of plastic and one half of direct labor
The plastic costs $10 per 200 grams and the employees are paid $15 per hour.
Therefore, one bucket costs (material and labor) :
= $10 + $15 × (1/2)hour = $17.5 per plus 1.10 × $7.50 = $25.75
For 1,080 buckets
$25.75 × 1,080 = $27,810
Therefore, the total amount of budgeted direct material for March is $27,810
Herrod Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $550 per month plus $104 per job plus $20 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in December to be 12 jobs and 121 meals, but the actual activity was 7 jobs and 126 meals. The actual cost for catering supplies in December was $3,550. The spending variance for catering supplies in December would be closest to:
Answer:
$148 F
Explanation:
Calculation to determine what The spending variance for catering supplies in December would be closest to:
Flexible budget $3,698
[$550 + ($104 * 7) + ($20 * 121)]
Less Actual results $3,550
Spending variance $148 F
Therefore The spending variance for catering supplies in December would be closest to: 148 F
The following is the adjusted trial balance for Stockton Company. Stockton Company Adjusted Trial Balance December 31 Cash 5,649 Accounts Receivable 2,468 Prepaid Expenses 660 Equipment 14,231 Accumulated Depreciation 2,782 Accounts Payable 1,745 Notes Payable 4,564 Common Stock 1,000 Retained Earnings 8,538 Dividends 783 Fees Earned 8,977 Wages Expense 2,286 Rent Expense 765 Utilities Expense 426 Depreciation Expense 267 Miscellaneous Expense 71 Totals 27,606 27,606 Determine the net income (loss) for the period. a.Net income $4,379 b.Net loss $4,379 c.Net loss $5,162 d.Net income $5,162
Answer:
Stockton Company
The net income (loss) for the period is:
= d. Net income $5,162
Explanation:
Stockton Company Adjusted Trial Balance December 31
Cash 5,649
Accounts Receivable 2,468
Prepaid Expenses 660
Equipment 14,231
Accumulated Depreciation 2,782
Accounts Payable 1,745
Notes Payable 4,564
Common Stock 1,000
Retained Earnings 8,538
Dividends 783
Fees Earned 8,977
Wages Expense 2,286
Rent Expense 765
Utilities Expense 426
Depreciation Expense 267
Miscellaneous Expense 71
Totals 27,606 27,606
Income Statement
For the year ended December 31
Fees Earned 8,977
Wages Expense 2,286
Rent Expense 765
Utilities Expense 426
Depreciation Expense 267
Miscellaneous Expense 71 3,815
Net income 5,162
According to Gordon Tullock monopoly:_________
a. profits or rents are subject to rent seeking the welfare cost triangle
b. is subject to rent seeking X-inefficiency
c. is something that differentiates government monopolies from private monopolies
d. the theory of monopoly is superior to the theory of perfect competition
Answer:
a. profits or rents are subject to rent seeking the welfare cost triangle
Explanation:
Monopolies are businesses that have sole control of the supply and pricing of a product. Dead weight loss used to be regarded as consumer surplus that does not affect the amount of product that a monopolist can provide.
Gordon Tullock however argued that loss also occurs when businesses are seeking to be a monopoly. There is an associated cost on obtaining and maintaining a monopoly called rent seeking.
Also an additional cost as result of dead weight loss due to payment of tarrif. This can result from net welfare benefit or loss as a result of government policy change (this is referred to as welfare triangle).
During 2021, Blossom Co. incurred the following costs: Testing in search for process alternatives $390000 Costs of marketing research for new product 260000 Modification of the formulation of a process 570000 Research and development services performed by Crane Corp. for Blossom 485000 In Blossom's 2021 income statement, research and development expense should be
Answer:
See below
Explanation:
Given the above information, our concern when calculating amount of research and development costs charged to Blossom corp. for 2021 should be the period cost. This means costs that are incurred in the period under review. I.e 2021.
= Testing in search for process alternative + Cost of marketing research + Modification of formulation of a process + Consulting fees
= $390,000 + $260,000 + $570,000 + $485,000
= $1,705,000
Therefore, Blossom's 2021 income statement , research and development expense should be $1,705,000.
Why is it a good idea to have a security policy that defines the incident response process in your organization
A fast-food restaurant buys hamburger buns from a national bakery supplier. The daily usage of buns at the restaurant is normally distributed with an average of 160 and standard deviation of 10. It takes 4 days for the supplier to deliver. The purchasing agent at the restaurant has established a 99.7% service level.
a) The Safety Stock and Reorder Point for the restaurant (in whole numbers). A fast-food restaurant buys hamburger buns from a local bakery. To estimate its costs, the restaurant assumes now those buns are used at the constant rate of 100 per day and are purchased at $0.025 per bun. It costs $1 for each order placed and the annual inventory holding cost per unit is 25% of the unit purchase cost.
b) How much should be ordered each time to minimize the restaurant’s total annual costs?c) And what is the length of order cycles (i.e. time between orders) in days? Assume the restaurant operates 360 days per year.
Answer:
Thus, from the calculations below;
The safety stock = 55
The reorder point = 695
quantity required to be ordered in order to reduce and minimize total annual cost for the restaurant = 3394 buns
The order cycles length = 34 days
Explanation:
From the given information:
The average demand (d) = 160
The standard deviatiion [tex]\sigma_d[/tex] = 10
Lead time = 4 days
Service level = 99.7% = 0.997
From the Standard Normal Curve; the z value at 99.7% = 2.75
The annual demand (D) = 36000
Ordering cost = $1
Unit purchased Cost = $0.025
The holding cost for the annual inventory = 25% of 0.025 = 0.00625
The reorder point can be determined by using the formula:
[tex]= \bar d \times Lead \ time +z\times \sigma_d \times \sqrt{LT}[/tex]
[tex]\mathbf{ = 160\ \times4+2.75 \times10 \times\sqrt{4}}[/tex]
= 695
The safety stock SS = [tex]z \times \sigma_d \times \sqrt{LT}[/tex]
[tex]= 2.75 \times 10 \times \sqrt{4}[/tex]
= 55
The economic order quality = [tex]\sqrt{2 \times D \times \dfrac{ordering \ cost }{annua l\ holding \ cost}}[/tex]
[tex]= \sqrt{2 \times 36000 \times \dfrac{1 }{0.00625}}[/tex]
=3394.11
The order cycle length = [tex]\dfrac{EOQ}{D}\times 360[/tex]
[tex]= \dfrac{3394.11}{36000}\times 360[/tex]
= 33.94
≅ 34 days
Identify supply chain of your school?
Answer:Within the supply chain discipline itself, students need to learn the foundational concepts of management science and cover topics such as sourcing, selling, logistics, inventory control, quality management, and product management.
Explanation:
a budget is used to do which of the following
Answer:
A budget is a financial plan used to estimate future income and expenses. The budgeting process may be carried out by individuals or by organizations. Budgets help an entity determine whether it can continue to operate with its projected income and expenses.
Explanation:
thank me later
A constant return of scale indicates that a firm is producing its ______ at a ______ ATC, which also shows that the firm is _______.
Answer:
The question is incomplete, the options are missing. The options are the following:
A) input, constant, lack of competitiveness
B) output, lower, doing well
C) output, constant, doing well
D) output, higher, doing well
E) input, lower, lack of competitiveness
And the correct answer is the option C: output, constant, doing well.
Explanation:
To begin with, in the microeconomics theory when it comes to the term of "constant return of scale" it refers to the situation in where a company is producing its output at a constant average total cost indicating that is doing well due to the fact that the costs are still covered by the earings that the company is having so that means that it could still keep on working for the next period. The term of return of scale focus on the changes donde in the inputs and how that affects the outputs and the earning regarding that base.
You have $25,832.81 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $210,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.
Answer: 14 years
Explanation:
The question states that an individual has $25,832.81 in a brokerage account, and plan to deposit an additional $4,000 at the end of every future year until the money in the account totals $210,000 and it's expected to earn 10% annually on the account.
To know the number of years that it'll take to reach the goal, we'll solve this in Excel as:
= =NPER (10%,-4000,-25832.81, 210000).
= 14 years
Therefore, it'll take 14 years to reach the goal.
Suppose a stock had an initial price of $88 per share, paid a dividend of $2.10 per share during the year, and had an ending share price of $96. Compute the percentage total return.
Answer:
Percentage total return = 0.1147 or 11.47%
Explanation:
Below is the calculation for a percentage of total return:
The initial price of share = $88
Dividend amount = $2.10
Ending price of share = $96
Use the below formula to find the percentage return:
Percentage total return = [(Ending price - initial price) + Dividend amout] ÷ Initial price
Percentage total return = [(96 - 88) + 2.10] / 88
Percentage total return = 0.1147 or 11.47%
Can you order with a Nike gift card online?
Answer:
ok call 911 hahaha thanks for the points
Drag each label to the correct location on the image.
Match each adjustment for reconciling a checking account to the correct document.
Adjust Bank Statement
Adjust Check Register
deduct bank
deduct
add interest earned
add outstanding
deposits
service
outstanding
charges
checks
Answer:
Adjust Bank Statement = (Deduct outstanding checks),(Add Outstanding Deposits).
Adjust Check Register = (Deduct bank service charges),(Add interest earned).
Explanation:
Just completed this on Edmentum/PLATO got 100%
Adjust Bank Statement :Deduct ,outstanding, checks, Add Outstanding Deposits.
Adjust Check Register : Deduct bank, service charges , Add interest earned.
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors. Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank.
What does balancing a check register mean?Balancing your checkbook, which is also known as reconciling your account, is basically about making sure that the records you have kept for your financial transactions match those the bank lists on your statement.
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If you wish to accumulate $125,000 in 7 years, how much must you deposit today in an account that pays a quoted annual interest rate of 11% with quarterly compounding of interest
Answer:
You need to deposit $58,481.53 today.
Explanation:
a) Data and Calculations:
Future value expected = $125,000
Period of investment = 7 years
Interest rate = 11% compounded quarterly
The amount of deposit needed today to earn $125,000 in 7 years at annual interest rate of 11% is calculated as follows:
N (# of periods) 28
I/Y (Interest per year) 11
PMT (Periodic Payment) 0
FV (Future Value) 125000
Results
PV = $58,481.53
Total Interest $66,518.47
An example of a type II error in quality control would be:counting a student s True/False response as incorrect when it is actually correct.throwing away a perfectly good fruit.eating food that you were unaware was spoiled.using clean bed sheet for every new guest in a hotel.
Answer:
the answer is a i just took the test got 100
Explanation:
You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. This growing chain is trying to decide which outlet of two alternatives to open. The first location (A) requires a $500,000 investment and is expected to yield annual net income of $80,000. The second location (B) requires a $200,000 investment and is expected to yield annual net income of $44,000. Compute the return on investment for each Fast & Great Burgers alternative. Using return on investment as your only criterion, which location (A or B) should the company open? (The chain currently generates an 22% return on total assets.)
Answer and Explanation:
The computation of the return on investment is shown below:
For location A, it is
= $80,000 ÷ $500,000
= 16%
And, for location B it is
= $44,000 ÷ $200,000
= 23%
On the basis of the return on investment, the company should prefer for location B as it contains high return on investment
Therefore the same is to be considered
Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: Fees Earned $614,500 Dividends 45,000 Rent Expense 140,000 Retained Earnings 3,250,000 Supplies Expense 18,200 Wages Expense 320,000 Miscellaneous Expense 8,700
Journalize the closing entries.
Answer and Explanation:
The journal entries are shown below:
1 Fees Earned $614,500
To Income Summary A/c $614,500
(Being the closing of revenue accounts is recorded)
2
Income Summary A/c $486,900
To Rent Expenses A/c $140,000
To Supplies Expense A/c $18,200
To Wages Expenses A/c $320,000
To Miscellaneous Expenses A/c $8,700
(Being the closing of expenses accounts is recorded)
3
Income Summary A/c $127,600 ($614,500 - $486,900)
To Retained Earnings A/c $127,600
(Being the closing of the income summary is recorded)
4
Retained Earnings A/c $45,000
To Dividends A/c $45,000
[Being the closing of the Dividend account is recorded]
The future earnings, dividends, and common stock price of Callahan Technologies Inc. are expected to grow 8% per year. Callahan's common stock currently sells for $25.25 per share; its last dividend was $1.50; and it will pay a $1.62 dividend at the end of the current year.
1. Using the DCF approach, what is its cost of common equity?
2. If the firm's beta is 0.80, the risk-free rate is 3%, and the average return on the market is 14%, what will be the firm's cost of common equity using the CAPM approach?
3. If the firm's bonds earn a return of 12%, based on the bond-yield-plus-risk-premium approach, what will be rs?
4. If you have equal confidence in the inputs used for the three approaches, what is your estimate of Callahan's cost of common equity?
Answer:
Find my detailed explanations and answers below
Explanation:
1.
Based on the dividend discount model, the share price is the present value of the expected dividend as shown by the formula below:
share price=expected dividend/(cost of equity-growth rate)
share price=$25.25
expected dividend=$1.62
cost of equity=unknown(let us assume it is K)
growth rate=8%
$25.25=$1.62/K-8%
$25.25*(K-8%)=$1.62
K-8%=($1.62/$25.25)
K=($1.62/$25.25)+8%
K=14.42%
2.
Using the Capital Asset Pricing Model, the formula for cost of equity is as shown thus:
cost of equity=risk-free rate+beta*(market return-risk-free rate)
risk-free rate=3%
beta=0.80
,market return=14%
cost of equity=3%+0.80*(14%-3%)
cost of equity=11.80%
3.
cost of equity=cost of debt+risk premium
cost of debt=12%
risk premium=market return-risk-free rate=14%-3%=11%
cost of equity=12%+11%=23%
If all of the figures are of equal confidence, our cost of equity should be the average of the three
cost of equity=(14.42%+11.80%+23%)/3=16.41%
A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. Which statement is TRUE
Answer: Her actions are inconsistent with the advice being given to her clients and this must be disclosed
Explanation:
Since the registered investment adviser often recommends real estate limited partnership investments to her wealthy clients but she never buys limited partnership units for her personal account.
This shows that her actions are inconsistent with the advice being given to her clients and this must be disclosed.
Ed is taking off from work for four hours this afternoon and going to a baseball game. The ticket to the game costs $25 and it costs $15 to park at the stadium. Ed earns $15 an hour at his job. Ed's opportunity cost of going to the ball game is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices $25. $100. $60. $50.
Answer: $100
Explanation:
Opportunity cost is the benefit that we forgo when another option is chosen thereby leaving out something else. Based on the information given, Ed's opportunity cost of going to the ball will be calculated as the addition of the income that's lost when he takes some time off from his work and the expenses that he incurs on the base ball game. This will be:
= ( 4 × $15) + $25 + $15
= $60 + $40
= $100
The opportunity cost is $100.
what is the positive impact of Commerce subject on our society?
Answer:
E-commerce facilitates the fundamental movement of goods from suppliers to customers. They offer an ideal commerce development to do digital business and improve the global presence. E-commerce has altered the workflow of the business
Bonita Industries produces flash drives for computers, which it sells for $30 each. Each flash drive costs $6 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $6000. How much does Bonita’s operating income increase for each $2400 increase in revenue per month?
Answer:
See below
Explanation:
Sales ($30 × 1,000 drives sold)
$30,000
Less:
Variable cost ($6 × 1,000 drives sold)
($6,000)
Contribution margin
$24,000
Less:
Fixed costs
($6,000)
Operating profit
$18,000
Therefore, Bonita's operating income increases by $18,000 per month
A buyer who accepts goods but notifies the seller the goods are non-conforming a. cannot recover any damages. b. can recover the difference between the goods as promised and as delivered, plus incidental and consequential damages. c. cannot recover incidental damages. d. cannot recover consequential damages.
Answer:
B)can recover the difference between the goods as promised and as delivered, plus incidental and consequential damages.
Explanation:
Nonconfirming goods can be regarded as goods which did not meet specification that is been provided in a contract, in this case A buyer has the entitlement order for rejection of tender of the goods. the acceptance of the nonconfirming goods can also be revoked by the buyer. In a case, whereby a buyer accepts goods but notifies the seller the goods are non-conforming, he/she can recover the difference between the goods as promised and as delivered, plus incidental and consequential damages.
Sales $3,400,000 $2,100,000 Contribution margin $1,500,000 $900,000 Divisional segment margin $1,000,000 $300,000 Net operating income last year for SegR-1882 Corporation was $550,000. In last year's income statement segmented by division, what were SegR-1882's total common fixed expenses
Answer: $750,000
Explanation:
Based on the information given, in last year's income statement segmented by division, SegR-1882's total common fixed expenses will be calculated thus:
Note that Net operating income = Total segment margin - Common fxed expenses
Therefore, Common fixed expense = Net operating income - Total segment margin
Common fixed expenses:
= $1,300,000 - $550,000
= $750,000
Therefore, common fixed expenses is $750,000
Note that total segment margin = $1,000,000 + $300,000 = $1,300,000
According to current GAAP, cash flow per share statisticsa.should be disclosed only if EPS information is disclosedb.should not be disclosedc.should not be disclosed if EPS information is disclosedd.should be disclosed in all situations
Answer: b. Should not be disclosed
Explanation:
GAAP combines both the authoritative standards and accepted ways by which accounting information are recorded and accepted. The aim of GAAP is to improve the clarity, and consistency, with regards to financial information.
According to current GAAP, cash flow per share statistics should not be disclosed. The cash flow per share shouldn't be reported in the financial statement of the company.
Therefore, the correct option is B.
During the year, cost of goods sold was $320,000; income from operations was $304,000; income tax expense was $64,000; interest expense was $48,000; and selling, general, and administrative expenses were $176,000. Required: Calculate net sales, gross profit, income before taxes, and net income.
Answer:
total=1920,000
I Love The question
Jeff purchased $550 of goods and received credit terms of 5/15, n/30. How much did he pay if payment was made during the discount period? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Answer:
$522
Explanation:
Calculation to determine How much did he pay if payment was made during the discount period
Amount paid =$550-(5%*$550)
Amount paid=$550-$28
Amount paid=$522
Therefore the amount he will he pay if payment was made during the discount period is $522
At its present level of operations, a small manufacturing firm has total variable costs equal to 75 percent of sales and total fixed costs equal to 15 percent of sales. Based on variable costing, of sales change by $1.00, income will change by
Answer:
$0.25
Explanation:
The change in operating income as a result of the change in sales by $1.00 is equivalent to the additional contribution margin, computed as follow;
Additional sales
$1
Less:
Additional Variable costs ($1 × 75%)
($0.75)
Increase in operating income
$0.25
The amount left over after subtracting variable costs is the contribution margin.
Here, the total fixed cost remains unchanged hence will not be affected due to increase in sales. The fixed costs remains at 15% of sales at the present level of operations. The fixed costs as a percentage of sales will be some value less than 15% after the $1.00 increase in sales value.
The amount of the change in the operating income if sales change by $1 is $0.10.
First step is to calculate the total cost
Total cost= (Total variable costs × Sales) + (Total fixed costs × Sales)
Total cost=(75%×$1.00) + (15%×$1.00)
Total cost=$0.75+$0.15
Total cost=$0.90
Second step is to calculate the change in operating income
Change in operating income = Sales - Total cost
Change in operating income =$1.00-$0.90
Change in operating income =$0.10
Inconclusion the amount of the change in the operating income if sales change by $1 is $0.10.
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