Answer:
$24,000
Explanation:
Beginning Cash Balance 33,000
Budgeted Cash Receipt 182,000
Total Available Cash 215000
Less: Cash Disbursements -191,000
Total excess (deficiency) of cash available $24,000
The Domingos family bought a new refrigerator. How much more or less is the amount they spent than the amount they budgeted?Budgeted: $1,345.60 Spent: $1,354.66
McDonald's Corp has a preferred stock paying a dividend of $19 and has a market price of $178. Calculate the cost of capital for the preferred stock.
Answer:
McDonald's Corp
The cost of capital for the preferred stock is:
10.67%
Explanation:
a) Data and Calculations:
Market price of preferred stock = $178
Preferred stock dividend = $19
Cost of capital = Preferred stock dividend/Market price of preferred stock * 100
= $19/$178 * 100
= 10.67%
b) The cost of capital for McDonald's preferred stock is the finance cost or interest cost that it must incur for financing its projects using preferred stock. This represents the 10% of the preferred stock value that is paid out to preferred stockholders.
San Marco has a $4,007,000 asset investment and is subject to a 30% income tax rate. Cash inflows related to the investment are expected to average $607,000 before tax over the next few years; in contrast, average income before tax is anticipated to be $508,000. The company's after-tax accounting rate of return is: g
Answer:
the company after tax accounting rate of return is 8.87%
Explanation:
The computation of the after tax accounting rate of return is shown below:
Average income after tax is
= before tax income × (1 - tax rate)
= $508,000 × (1 - 0.30)
= $508,000 × 0.70
= $355,600
Now the after tax accounting rate of return is
= (Average income after tax ÷ Investment) × 100
= ($355,600 ÷ $4,007,000) × 100
= 8.87%
Hence, the company after tax accounting rate of return is 8.87%
Dennisport Corporation has an acid-test ratio of 1.7. It has current liabilities of $56,000 and noncurrent assets of $87,000. The corporation's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and inventory. Of Dennis Port current ratio is 2.3, its inventory and prepaid expenses must be:
Answer: $33600
Explanation:
Current liabilities = $56,000
Noncurrent assets = $87,000
First and foremost, we should note that:
Acid-test ratio = Current Assets / Current liabilities
Therefore,
1.7 = Current Assets / $56,000
Current assets = $56000 × 1.7
= $95,200
Also,
Current ratio = Current Assets / Current liabilities
Therefore,
2.3 = Current Assets / $56,000
Current assets = $56,000 × 2.3
= $128,800
Then, the inventory and prepaid expenses will be:
= $128,800 - $95,200
= $33,600
True or False: Under the average-cost pricing policy, the cable company has no incentive to cut costs.
Answer:
True.
Explanation:
The cable company will not have any incentive to cut costs. This is because it knows that its costs will be averaged to determine the average cost to which a certain percentage is then added to arrive at the selling price. Having the cost averaged in this way will not motivate the cable company to seek cost minimization strategies that it could use to increase its income.
What are some of your strengths areas? Think about the top 2/3 skills you would advertise about yourself, consider what others come to you for advice about.
Answer:
Some of my strength areas are trustworthiness, creativity and solving problems, leadership and organization, analytical skills, determination, and empathy.
Explanation:
Every person's core strengths or skills should fall into these three main areas: personal, play, and work. Personal skills deal with the fundamental skills that give the background to every activity that a person undertakes. Play skills define the human interaction and relationship with others. Work skills specify one's attitude to work and how a person achieves her goals in the work environment.
A company has net income of $225,000 and declares and pays dividends in the amount of $75,000. What is the net impact on retained earnings
Answer: Increase of $150,000
Explanation:
Net income = $225,000
Dividend = $75000
Retained earnings will be:
= Net income - Dividend
= $225,000 - $75,000
= $150,000
Based on the calculation above, the net impact on retained earnings is an increase of $150,000.
A company is selling cookies for $3 per bag. The ingredients costs $9.3 and can make 37 bags with the ingredients. How much profit per bag is she going to make?
Answer: $2.75 profits per bag
Explanation:
9.3/37 in order to find how much it costs her per bag to make.
This equals approx .25 cents
Then subtract this from $3 in order to get how much profit per bag she makes.
Where a producer chooses the intensity level of its market coverage, which level is chosen to utilize the “shotgun” approach?
Answer:
The level that utilizes the "shotgun" approach to market coverage is:
Intensive Distribution (mass coverage).
Explanation:
This marketing approach aims to reach many consumers through as many sales channels as possible. In this situation, consumers have easy access to the goods or services. The other approaches include Selective Distribution (where few outlets in specific locations are selected for the distribution of the goods and services) and Exclusive Distribution (where limited outlets are chosen because of the target market).
Suppose you have $1,000 to invest over a 10-year period. Explain under what circumstances you would buy penny stocks or junk bonds as an investment. In your answer, explain why an investment with greater risk, such as a penny stock, will likely have a lower market price but an uncertain rate of return.
Answer:
Explanation:
There is only one circumstance in which I (personal opinion) would be willing to place my money in penny stocks and that is If the money is extra money that is only an extremely small percent of my overall portfolio and I am ok loosing it completely. That is because penny stocks are stocks from new companies that basically have an idea and are just starting out. The rate of return can be massive on these stocks but they can also go bankrupt and you can loose all your money just as fast. Therefore, they are incredibly risky investments.
c
Which Energy career pathways work with renewable energy? Check all that apply.
Energy Conversion
Energy Generation
Energy Analysis
Energy Transmission
Energy Distribution
Answer:
bshahshshsjkdjdjxnx
Explanation:
energy analysis
energy distribution
energy conversion
List three pieces of information listed in a credit card agreement that you believe are important to review before
Explanation:
Annual Percentage Rate (APR). This is the cost of borrowing on the card, if you don’t pay the whole balance off each month. You can compare the APR for different cards which will help you to choose the cheapest. You should also compare other things about the cards, for example, fees, charges and incentives
Minimum repayment. If you don’t pay off the balance each month, you will be asked to repay a minimum amount. This is typically around 3% of the balance due.
Annual fee. Some cards charge a fee each year for use of the card. The fee is added to the amount due and you will have to pay interest on the fee as well as on your spending, unless you pay it in full.
After year 3, free cash flows are expected to grow at a constant 5% a year indefinitely. The discount rate is 10%. The firm has debt of $50 million, cash of $20 million and has 10,000,000 shares outstanding. What is the price of the stock
Answer:
The price of the stock = $26.69
Explanation:
Missing question at inception is as follows "A firm expects the following free cash flows: Year 1: $10 million, Year 2: $12 million, Year 3: $15 million"
Year Cash-flows"million D. rate at 10% Discounted cash flows
1 10 0.9091 9.0910
2 12 0.8264 9.9168
3 15 0.7513 11.2695
4 315 0. 7513 236.6595
Total $266.9368
The price of the stock = Total Present value of cash flows / Number of Shares outstanding
The price of the stock = $266,936,800 / 10,000,000 shares
The price of the stock = $26.69368
The price of the stock = $26.69
Thus, the price of the stock is $26.69 per share
Note:
Present value of future cash flows at year 3 = 15*(1.05/10%-5%) = 15*(1.05/5%) = 15 * 21 = $315 million
Discount rate for each year = 1/(1+r)^1 = 1/(1+0.10)^1 = 1/1.10 = 0.90909
Under what conditions do you think the U.S. dollar might weaken against other major currencies (i.n. the euro, yen and yuan)
Answer:
In simple words, Currency depreciation relates to the decrease in the worth of the dollar compared to some other economy in the sense regarding U.S. dollar. The weakening of the US dollar will lead to a number of economic variables. They include fiscal system, increasing rates or rising prices, currency request, economic development, and rates for exports.
Cromwell's Interiors is considering a project that is equally as risky as the firm's current operations.The firm has a cost of equity of 15.4 percent and a pretax cost of debt of 8.9 percent.The debt-equity ratio is .46 and the tax rate is 34 percent.What is the cost of capital for this project?A) 11.97 percentB) 12.40 percentC) 11.02 percentD) 11.62 percentE) 12.38 percent
Answer:
Cost of capital = 12.40% (Approx)
Explanation:
Given:
Cost of equity = 15.4%
Pretax cost of debt = 8.9%
Debt-equity ratio = 0.46
Tax rate = 34%
Computation:
Equity multiplier = 1 + Debt-equity ratio
Equity multiplier = 1 + 0.46
Equity multiplier = 1.46
Weight of equity = 1 / Equity multiplier
Weight of equity = 1 / 1.46
Weight of equity = 0.685
Weight of Debt = 1 - Weight of equity
Weight of Debt = 1 - 0.685
Weight of Debt = 0.315
Cost of capital = [Weight of Debt x Pretax cost of debt] x (1-tax rate) + [Cost of equity x Weight of Debt ]
Cost of capital = [0.315 x 8.9% x (1-0.34)] + [15.4% x 0.6849]
Cost of capital = 12.40% (Approx)
Denise has $13,424 in a savings account with the District 113 Teacher's Credit Union. While economic conditions have caused the credit union to struggle financially, Denise need not worry because her deposits are insured by the:
Answer:
Explanation:
$120= the amount to pay for the shoe
$20 paid for the month
Balance to pay = $100
Then 3% interest rate on credit card = 3% of $100=$3
Therefore amount to pay = $3+$100=$103
who would u vote for presedent
statefarm
trump
kanye
biden
Answer:
Statefarm
Explanation:
"And like good a neighbor, Statefarm is there."
Higher fixed costs are associated with:_____.
1. higher operating leverage.
2. lower operating leverage.
3. increased risk.
4. lower risk.
a. 1 and 3.
b. 1 and 4.
c. 2 and 3.
d. 2 and 4.
Answer:
a. 1 and 3.
Explanation:
Given that the operating leverage of a business firm is a sum of its fixed cost and variable cost about the way the firm's cost of business is attributed.
In this case, when a business firm has a high fixed cost, it normally requires a high number of sales to earn more profits. This is termed as "higher operating leverage." This thereby leads such business firms to have "increased risk."
Hence, It is practically correct that in business operation that when a business firm has Higher fixed costs it is associated with "higher operating leverage and increased risk"
review financial website or publications and three examples of a bond. for each bond gather the following information and complete the table coupon rate selling price maturity date
Answer:
Company Coupon Rate Selling Price Maturity Date
Bombardier Inc. 7.5% $96.40 3/15/2025
NGL Energy Partners LP 6.875% $97.50 10/15/2021
Disney 2.150% $101.45 9/17/2020
Explanation:
from the Plato
The Coupon Rate, Selling Price and Maturity Date are important terms in a bond contract.
What are the bonds terms?The coupon rate is the yield that determines the amount that an investor is expected to receive, the selling price is the present value of the cash amounts that will received by the bond owner and the maturity date is the date at which the bond will mature for full repayment.
The gathered information from the financial website includes:
Company Coupon Rate Selling Price Maturity Date
Bombardier Inc. 7.5% $96.40 3/15/2025
NGL Energy Partners LP 6.875% $97.50 10/15/2021
Disney 2.150% $101.45 9/17/2020
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Maytag Company earns $4.80 per share. Today the stock is trading at $59.25. The company pays an annual dividend of $1.40. a. Calculate the price-earnings ratio
Answer:
A. Price-earnings ratio= 12.34
B. Yield on the stock = 2.36%
Explanation:
A. Calculation for the price-earnings ratio using this formula
Price-earnings ratio=Market Price Per Share / Earnings Per share
Let plug in the formula
Price-earnings ratio=59.25 / 4.80
Price-earnings ratio= 12.34
B. Calculation for the yield on the stock using this formula
Yield on the stock=Annual dividends per share / market price per share
Let plug in the formula
Yield on the stock=1.40 / 59.25
Yield on the stock = 2.36%
Therefore the Price-earnings ratio is 12.34 while the Yield on the stock is 2.36%
How much was the gross profit margin percentage for Coca-Cola Company for the quarter ending Sep, 2020?
Less than 20%
Between 20% and 30%
Between 30% and 40%
More than 40%
Answer: More than 40%
Explanation:
Coca-cola Gross profit for the quarter ending Sep, 2020 is $5,181 million. Coca-cola's revenues for the same period are $8,652 million.
The Gross profit margin is therefore;
= Gross Profit / Revenue
= 5,181/8,652
= 59.9%
Question 27 (2 points)
Which of the following is not one of the four factors of production?
Entrepreneurship
Human resources
Production resources
Natural resources
Answer:
Entrepreneurship
Explanation:
Using the liquidity-preference model, the Federal Reserve can react to the threat of exceedingly high inflation via monetary policy by shifting the supply of money to the:
Answer:
left as well as the contractionary monetary policy, then bring about the
increase of interest rate as well as reducing equilibrium quantity of money.
Explanation:
Liquidity Preference model can be regarded as a model gives suggestions about investor and interest rate, the model entails that high interest rate as well as premium on securities associated with long-term maturities with higher risk should be demanded by investors, reason behind this suggestions is that most investors will always go for cash as well as available highly liquid holdings, all things been equal. It should be noted that Using the liquidity-preference model, the Federal Reserve can react to the threat of exceedingly high inflation via monetary policy by shifting the supply of money to the left as well as the contractionary monetary policy, then bring about the increase of interest rate as well as reducing equilibrium quantity of money.
Chang Industries has 2,200 defective units of product that already cost $18 each to produce. A salvage company will purchase the defective units as is for $7 each. Chang's production manager reports that the defects can be corrected for $10 per unit, enabling them to be sold at their regular market price of $23. The $18 per unit is a:
Answer:
The $18 per unit is a:
sunk cost.
Explanation:
Chang's cost incurred per unit of $18 is a sunk cost. A sunk cost is a cost that has already been incurred. It does not make a difference in a future decision. This implies the Chang may decide to correct the defect or otherwise. What decision it takes should be based on the cost and revenue that results from the next decision, and not the past decision.
A corporation: Select one: A. Is less costly to organize than a partnership B. Is subject to less regulation and supervision than a partnership C. Is subject to federal income taxes on its earnings, whereas a partnership is not D. Has an owner's capital account for each owner, whereas a partnership does not
Answer:
A corporation:
C. Is subject to federal income taxes on its earnings, whereas a partnership is not.
Explanation:
The other options fit a partnership more than a corporation. The chief advantages of a corporation over a partnership are the limited liability status of the shareholders of a corporation, which benefits all the shareholders and secondly, the corporation is a separate legal entity from the owners. This second advantage allows professional managers to lead the company. With respect to federal income taxes on the earnings, the corporation is taxed directly on its earnings and shareholders also pay taxes on their income from all sources (unless it is an S-corporation), while partners in a partnership enjoy pass-through taxation of their partnership earnings.
Comparing perfect first degree price discrimination to perfect competition one can conclude that: (i) Total social surplus is the same in either case (ii) Consumer surplus is higher under perfect
A. Only (1) is true
B. Only (ii) is true
C. Both (i) and (ii) are true
D. Neither (i) nor (i) is true
Answer:
C. Both (i) and (ii) are true
Explanation:
Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.
Under perfect competition, both supplier and consumer surplus exist.
Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.
Assume the supply of bananas decreases due to rising costs of
production, while demand increases due to consumer preferences. What
will happen to the new equilibrium price and quantity?
A) price increases; quantity increases
B) price increases; quantity is unknown
C)price decreases; quantity decreases
D)price decreases; quantity increases
E)price is unknown; quantity increases
It costs Crane Company $28 of variable costs and $15 of allocated fixed costs to produce an industrial trash can that sells for $76. A buyer in Mexico offers to purchase 3000 units at $30 each. Crane Company has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income
Answer:
Effect on income= $6,000 increase
Explanation:
Giving the following information:
Unitary variable cost= $28
Selling price= $30
Number of units= 3,000
Because it is a special offer and there is unused capacity, we will not take into account the allocated fixed costs.
Effect on income= 3,000*(30 - 28)
Effect on income= $6,000 increase
Journalize the following transactions for Combs Company.
(a) Purchased 6,000 units of raw materials on account for $11,500. The standard cost was $12,000.
(b) Issued 5,600 units of raw materials for production. The standard units were 5,800.
Answer: See explanation
Explanation:
a. Debit: Raw material $12000
Credit: Account payable $11500
Credit: Material price variance $500
(To record material purchase)
b. Debit: Work in process 11600
Credit: Raw material 11200
Credit: Material price variance 400
(To record material issued)
Note:
Material price variance for (a)= 12000 - 11500 = 500
Work in progress = 5800 × 2 = 11600
Material price variance for (b) = 11600 - 11200 = 400
Using the variable cost method, determine the selling price (rounded to the nearest dollar) for 30,000 units using the following data:
Variable cost per unit $15
Total fixed costs $90,000
Desired profit $150,000
a. $23
b. $10
c. $8
d. $15
Answer:
c. $8
Explanation:
Calculation to determine the selling price
First step is to calculate the Markup percent
Markup percent= (90,000 + 150,000) / (30,000 x 15)
Markup percent = .533
Now let calculate the selling price
Selling price=533 x $15 per unit
Selling price= $8
Therefore the Selling price will be $8