Answer: verifiable
Explanation:
A financial information is verifiable when the independent measurers get similar results when using the same accounting measurement methods.
In this scenario, the independent measures use thesame method but do their work separately without them knowing the results gotten by the other person. When there's similarity in the results, it shows that the results are verifiable.
AAA has a contract to build a building for $ 100,000 with an estimated time to completion of three years. A reliable cost estimate for the project is $ 60,000. In the first year of the project, AAA incurred costs totaling $ 24,000. How much profi t should AAA report at the end of the fi rst year under the percentage-of-completion method?
Answer:
the profit that should be recorded is $16,000
Explanation:
The computation of the profit that should be reported is shown below:
= (Incurred cost ÷ Estimation of the cost × Contract price) - (Incurred cost)
= ($24,000 ÷ $60,000 × $100,000) - ($24,000)
= $40,000 - $24,000
= $16,000
Hence, the profit that should be recorded is $16,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
An investment project provides cash flows of $1,190 per year for 10 years. If the initial cost is $8,000, what is the payback period?
Answer:
6.72 years
Explanation:
Payback period calculates the amount of time it takes to recover the amount invested in a project from its cumulative cash flows
payback period = amount invested / cash flow
$8000 / $1,190 = 6.72 years
You company is considering launching a new product that will increase inventory by $50,000 and increase accounts receivables by $23,000. What is the effect of these change in net working capital (NWC) on cash flow at the beginning of the project
Answer:
Cash outflow of $73,000
Explanation:
The computation of the impact of these changed in the net working capital is shown below:
= Increase in inventory + increase in account receivable
= $50,000 + $23,000
= $73,000
The $73,000 shows the outflow of the cash
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Ed Scahill has acquired a monopoly on the production of baseballs (don’t ask how), and faces the demand and cost situation given in the following table:
P Q Revenue MR TC MC
20 15000 330000
19 20000 365000
18 25000 405000
17 30000 450000
16 35000 500000
15 40000 555000
a. Fill in the remaining values in the table.
b. If Ed wants to maximize profits, what price should he charge and how many baseballs should he sell? How much profit will he make?
c. Suppose the government imposes a tax of $50,000 per week on baseball production. Now what price should Ed charge, how many baseballs should he sell, and what will his profits be?
Answer:
a. See part a of the attached excel file for the filling of the remaining values.
b. Ed should sell at the price of $16 and he should sell 35,000 baseballs. Therefore, his profit will be $60,000.
c. Ed should still sell at the price of $16 and he should sell 35,000 baseballs. But, his profit will be $10,000.
Explanation:
Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.
The explanation to the answer is now given as follows:
a. Fill in the remaining values in the table.
Note: See part a of the attached excel file for the filling of the remaining values.
In the attached excel file, the following formula is used.
Revenue = P * Q
MR = Current MR – Previous MR
MC = Current MC – Previous MC
b. If Ed wants to maximize profits, what price should he charge and how many baseballs should he sell? How much profit will he make?
Ed will maximize profit where his MR = MC.
In the part a of the attached excel file, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 500,00
Therefore, Ed should sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 500,000 = 60,000
Therefore, his profit will be $60,000.
c. Suppose the government imposes a tax of $50,000 per week on baseball production. Now what price should Ed charge, how many baseballs should he sell, and what will his profits be?
Note: See part c of the attached excel file the new table showing the effect of $50,000 tax per week.
The imposition of $50,000 tax per week will make the total cost (TC) of Ed to increase by $50,000.
Therefore, we add $50,000 to each of the TC as shown in the part c of the attached excel file.
Just like before, Ed will maximize profit where his MR = MC.
In the part c of attached excel file, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 550,00.
Therefore, Ed should still sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 550,000 = 10,000
Therefore, his profit will be $10,000.
The number of people willing and able to acquire things at various prices during a particular period of time is known as demand.
A. Fill in the remaining values in the table.
Note: See part a of the attached excel picture for the filling of the remaining values.
In the attached excel Picture, the following formula is used.
Revenue = P * Q
MR = Current MR – Previous MR
MC = Current MC – Previous MC
B. If Ed wants to maximize profits, what price should he charge and how many baseballs should he sell? How much profit will he make?
Ed will maximize profit where his MR = MC.
In the part a of the attached excel picture, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 50000
Therefore, Ed should sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 500,000 = 60,000
Therefore, his profit will be $60,000.
C. Suppose the government imposes a tax of $50,000 per week on baseball production. Now what price should Ed charge, how many baseballs should he sell, and what will his profits be?
Note: See part c of the attached excel picture the new table showing the effect of $50,000 tax per week.
The imposition of $50,000 tax per week will make the total cost (TC) of Ed to increase by $50,000.
Therefore, we add $50,000 to each of the TC as shown in the part c of the attached excel picture.
Just like before, Ed will maximize profit where his MR = MC.
In the part c of attached excel picture, MR = MC = 50,000 when P = 16, Q = 35,000, Revenue = 560,000, and TC = 55000.
Therefore, Ed should still sell at the price of $16 and he should sell 35,000 baseballs.
Also, his profit at this point can be calculated as follows:
Profit = Revenue – TC = 560,000 – 550,000 = 10,000
Therefore, his profit will be $10,000.
To know more about demand and cost, refer to the link:
https://brainly.com/question/14071136
Kris Kerpstra is an employee for General Dynamics. Kris would be considered a human resource.
Answer:
I NEED THIS ANSWERRR TOOO!!
Explanation:
Answer:
Trisha wishes that she and Bo could become better friends. This is an example of an (Non) economic want.
Explanation:
Its not a economic want
You are buying a new car. Car option "A" gets 18 miles per gallon of gas (MPG) and has a monthly payment of $368. Car option "B" is a hybrid and gets 60 MPG with a monthly payment of $409. Gas costs $2.89 per gallon. You drive an average of 12,000 miles per year. What is the annual difference in the cost between the two cars in gasoline plus monthly payment per month?
Answer:
=$856.67
Explanation:
Car option A
The total costs of option A for one year
Monthly repayment : $368 x 12 = $ 4,416
Gas
Consumption at 18 miles per gallons, for 12,000 miles
the consumption will be 12,000 / 18 = 666.67 gallons
cost of gas consumed : $2.89 x 666.67 = $1,926.67
The total cost of Car Option " A " is monthly repayments plus the cost of gas
=$ 4,416 + $1,926.67
=$ 6,342.67
Car option B
The total annual cost for car option B
monthly repayments :$409 x 12 = $ 4,908
cost of gas: consumption 60 per gallons, for 12,000miles
=12,000 /60 =200 gallons
cost of gas: 200 x $2.89= $578
Total cost for car option B
=$ 4,908 + $578
=$ 5,486
Annual difference :
=$6,342.67 - $5,486
=$856.67
Fixed vs variable cost preference. bates operates a kiosk at a local mall, selling duck calls for $30 each. the variable cost to make a duck call is $18. a new mall is opening where bates wants to locate a new kiosk. the mall operator offers the following two options for bates: 1. paying a fixed rent of $15,000 a month, or: 2. paying a fixed rent of $9,000 per month plus 10% of revenue earned from each duck call, the amount of monthly sales (in units) at which bates would be indifferent as to which plan to select is: a) 1,900 b) 2,000 c) 1,500 d) 1,600
Answer:
b) 2,000
Explanation:
sales price = $30
10% from each sale = $3
the amount of rent paid as a percentage of sales = $15,000 - $9,000 = $6,000
the indifference point in units = $6,000 / 10% revenue margin = $6,000 / $3 = 2,000 units
If Bates sells less than 2,000 units, then he should prefer option 2, but if he sells more than 2,000 units, then option 1 is better for him.
Her home has a replacement value of $150,000, therefore she insures her home for the minimum legal requirement of
Answer:
$120,000
Explanation:
There is actually no minimum legal home insurance requirement. But if you have a mortgage on your house, the lender will require home insurance that covers at least the loan amount.
Regarding insurance companies, the 80% rule applies. This means that she must purchase an insurance policy that covers at least 80% of her house's replacement value = $150,000 x 80% = $120,000. If her policy covers less, then in case she files a claim, the insurance company will pay only a proportionate amount of the repairs or replacement value.
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below:
January February March
Budgeted production (in units) 60,000 ? 100,000
Budgeted raw materials purchases (in pounds) 129,000 165,000 188,000
Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 36,000 pounds of raw materials on hand on January 1. Budgeted production for February should be:______.
A) 105,000 units.
B) 82,500 units.
C) 150,000 units.
D) 75,000 units.
Answer: 75,000 units
Explanation:
Come up with an expression to solve this.
Assume the budgeted production needed is P.
P needs 2 pounds of raw materials per unit so raw materials needed are 2P.
Beginning raw materials for February have to be 30% of the needs of February;
= 30% * 2P
= 0.6P
Ending raw materials for February have to be 30% of March needs so;
= 30% * 100,000 * 2 pounds
= 60,000 pounds
So;
Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials
165,000 = 2P + 60,000 - 0.6P
1.4P = 165,000 - 60,000
P = (165,000 - 60,000) / 1.4
= 75,000 units
m is expected to pay a dividend of $2.45 next year and $2.60 the following year. Financial analysts believe the stock will be at their price target of $95 in two years. Compute the value of this stock with a required return of 12.4 percent.
Answer:
$79.43
Explanation:
Year Return Amount($) PV factor for 12.4% Present Value
1 Dividend 2.45 0.890 2.179715
2 Dividend 2.6 0.792 2.057978
2 Value of share 95 0.792 75.19535
at end of tr 2
TOTAL $79.43304
Thus, the present value of share is $79.43
Consider the following cash flows: Year Cash Flow 0 –$ 33,000 1 13,400 2 18,300 3 10,800 What is the IRR of the cash flows? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
14.23%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = –$ 33,000
Cash flow in year 1 = 13,400
Cash flow in year 2 = 18,300
Cash flow in year 3 = 10,800
IRR = 14.23%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
If the volume of sales is $7,000,000 and sales at the break-even point amount to $4,800,000, the margin of safety is 45.8%.
A. True
B. False
13. Beth is working at solo. In the past few months, Beth has noticed that her managers don't like the idea of change very much. Whenever she proposes a new idea, they are quick to shoot it down. This indicates that solo is operating at a ______level of _____________.
Answer:
b. High; Uncertainty Avoidance
Explanation:
Options are "a. High; Power Distance b. High; Uncertainty Avoidance c. High; Collectivism d. Low; Uncertainty Avoidance"
Beth is working at solo. In the past few months, Beth has noticed that her managers don't like the idea of change very much. Whenever she proposes a new idea, they are quick to shoot it down. This indicates that solo is operating at a High level of Uncertainty Avoidance. The reason for this is because manager doesn't like the ideas of change, most especially the Uncertainty that comes with new idea. The manager is practically avoiding uncertainty at high level and prefer to continue using the pre-existing operating measures and method in the organization.
A share of common stock has just paid a dividend of $2.00. If the expected long-run growth rate for this stock is 15 percent, and if equity investors require a 19 percent rate of return, what is the fair price of the stock
Answer:
$57.50
Explanation:
fair value = dividend(1 + growth rate) / required rate of return - long run growth rate
$2(1.15) / 0.19 - 0.15 = $57.50
HELP ASAP PLZ HELP OFFERING 30 POINTS PLS HELP RN PLZ
Drag the tiles to the correct boxes to complete the pairs.
Match the different elements of the advertising plan to the given scenarios.
advertising strategy
creative idea
creative execution
creative media
Peter uses blogs and social interaction pages on to showcase his advertisements for young professionals.
arrowRight
Peter manages his team as they use the latest graphics advancements to enhance their advertisement while keeping it on budget.
arrowRight
Peter has a meeting with his team to set the objectives of their next product campaign.
arrowRight
Peter and his team come up with an advertisement showing the secure locking system of a car door, which is targeted to appeal to the customer’s need for safety.
arrowRight
Answer:
Explanation:
creative media Peter uses blogs and social interaction pages on to showcase his advertisements for young professionals.
creative execution Peter manages his team as they use the latest graphics advancements to enhance their advertisement while keeping it on budget.
advertising strategy Peter has a meeting with his team to set the objectives of their next product campaign.
creative idea Peter and his team come up with an advertisement showing the secure locking system of a car door, which is targeted to appeal to the customer’s need for safety.
Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to communicate the offer to U-Store-It. This offer is
Answer:
D. Not effective
Explanation:
a. Effective if there are no other potential buyers.
b. Effective if TPI does not advertise the offer generally.
c. Effective if U-Store-It is currently expanding its facilities.
d. Not effective.
From the question, we are informed about how Topp Properties, Inc. (TPI), plans to offer to sell its warehouse to U-Store-It Center for a certain price, but neglects to communicate the offer to U-Store-It. In this case This offer is Not effective, this is because the offer wasnt communicated to U-Store. An offer can only be regarded as effective offer when 1) offeror is effective and serious to perform the offer
2) the terms and conditions of the offer is certain.
3) the offer is communicated to the offeree.
Schraeder Corporation has 20,000 shares outstanding at $30 each. The firm expects to raise $200,000 via a rights offering at a subscription price of $25. How many rights are required for each new share?
Answer:
3 right/shares
Explanation:
Price per unit of shares issued under “Rights issue” = Total proceeds from rights issue/ Subscription price of share issued under rights issue = 200,000 / $25 = 8,000
Number of new shares = 8,000
Original number of shares = 20,000
Thee number of rights required for each new share = Original number of shares / Number of new shares = 20,000 / 8,000 = 2.5 = 3 right/shares (approx)
Grant, Inc., is a fast growth stock and expects to grow at a rate of 25 percent for the next four years. It will then settle to a constant-growth rate of 10 percent. The first dividend will be paid out in year 3 and will be equal to $5.00. If the required rate of return is 18 percent, what is the current price of the stoc
Answer:
the current price of the stock is $50.59
Explanation:
The computation of the current price of the stock is shown below:
= $5.00 ÷ (1 + 18%)^3 + ($5.00 × (1 + 25%)) ÷ (1 + 18%)^4 + (($5.00 × (1 + 25%) × (1 + 10%)) ÷ (18% - 10%)) ÷ (1 + 18%)^4
= $50.59
Hence, the current price of the stock is $50.59
The same is to be considered by taking all the things given in the question
acc 340 AG Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to record sales made on credit, how much should be recorded as revenue
Answer:
$24,750
Explanation:
Calculation for how much should be recorded as revenue
Revenue=(100%-1%)*$25,000
Revenue=99%*$25,000
Revenue=$24,750
The amount that the company should record the REVENUE will be $24,750
You need some money today and the only friend you have that has any is a miser. He agrees to loan you the money you need, if you make payments of $30 a month for the next six months. In keeping with his reputation, he requires that the first payment be paid today. He also charges you 2 percent interest per month. How much total interest is he charging?
Answer:
$8.6
Explanation:
Calculation for How much total interest is he charging
First step is to calculate the present value (PV) using financial calculator by using this formula
PV=PV(Rate,Nper,PMT,FV,Type)
Rate represent Interest Rate
Nper represent Period
PMT represent Payment
FV represent Future Value
Type = 1 which represent the annuity due reason been that the 1st payment is to be made today
Let plug in the formula
Rate = 2%
Nper = 6
PMT = $30
FV = 0
Type = 1
Hence,
PV = PV(2%,6,30,0,1)
PV= $171.40
Since we have known the PV the last step is to calculate the total interest
Using this formula
Total interest =( PMT*Nper)-PV
Let plug in the formula
Total interest = ($30*6) - $171.40
Total interest = $180 - $171.40
Total interest = $8.6
Therefore the amount of the total interest he will be charging is $8.6
Answer:
$8.6
Explanation:
I/Y = Rate = 2.0
PMT = -$30
N = 6
Future Value = $0.00
First we need to set the calculator to annuity due and calculate the CPT PV. We get the Value of loan, $171.40
Interest payment = PMT x 6 - Present value of loan
Interest payment = $30*6 - $171.40
Interest payment = $180 - $171.40
Interest payment = $8.6
Thus, the total interest he is charging is $8.6
The intention of a price floor is to help producers by setting a higher than equilibrium price. What is one unintended consequence of this policy
Answer:
One unitended consequence of this policy is that if the price is above the equilibrium price then this will affect the market by producing black market, low importance to the product that has risen up in price and more importantly it will produce the demand of the product to fall down.
Explanation:
To begin with, the price floor is a method used in the microeconomics theory in order to give help to the producers from the government who are the ones who choose how to control and manipulate the price of the good. But this method tends to be very aggressive and not good at all if the price floor is set above the equilibrium price set by the market itself and that is because the producers will be offering a product that is much expensive in price and not worth in value at all so the demand for the product will fall and it will create a black market where the consumers who want to pay less will go there for even a product with less quality.
Balonek Inc.'s contribution margin ratio is 57% and its fixed monthly expenses are $41,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $112,000
Answer:
The estimated net operating income in a month is $22,840
Explanation:
The computation of the net income is shown below:
= Contribution margin Ratio × Sales - Fixed cost
= 57% × $112,000 - $41,000
= $63,840 - $41,000
= $22,840
hence, the estimated net operating income in a month is $22,840
We simply applied the above formula so that the correct value could come
And, the same is to be considered
An investor bought a one-acre lot on the outskirts of a city for $12,700 cash. Each year she paid $175 of property taxes. At the end of 7 years, she sold the lot for a net value of $25,000. What rate of return did she recieve on her investment
Answer:
79.5%.
Explanation:
Rate of return = [tex]\frac{final value - initial value}{initial value}[/tex] x 100
The cost of the acre = $12700.
Total property taxes paid for 7 years = $175 x 7
= $1225
Net value of cost = $12700 + $1225
= $13925
Net value of the land when sold = $25000
∴ Rate of return = [tex]\frac{25000 - 13925}{13925}[/tex] x 100
= 0.7953 x 100
= 79.53%
The rate of return of the acre of land is 79.5%.
A payment of $200 is made at the end of each month into an account paying a 7.5% annual interest rate, compounded monthly for 30 years. What is the future value of the account after 30 years
Answer:
FV= $269,489.09
Explanation:
Giving the following information:
Monthly payment= $200
Interest rate= 0.075/12= 0.00625
Number of periods= 30*12= 360
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {200*[(1.00625^360) - 1]} / 0.00625
FV= $269,489.09
Kubal Inc. applies overhead based on machine hours. Kubal reports the following for the year just ended: Budgeted overhead for the year $280,000 Budgeted machine hours 2,000 Actual overhead for the year $305,000 Actual machine hours 2,400 What is the amount of over- or under-applied overhead for the year
Answer:
Under/over applied overhead= $21,000 overapplied
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 280,000/2,000
Predetermined manufacturing overhead rate= $140 per machine hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 140*2,400
Allocated MOH= $336,000
Finally, the under/over allocation:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 305,000 - 336,000
Under/over applied overhead= $21,000 overapplied
Give an example of being a hygiene theory in life??
plz help plz its due todAYYYY!!!!!
An insurance settlement of $2.5 million must replace Trixie Eden's income for the next 45 years. What income will this settlement provide at the end of each month if it is invested in an annuity that earns 7.5%, compounded monthly
Answer:
$16,184.66
Explanation:
The computation of the income that needed at the end of the each month is shown below:
Here we use the PMT function
Given that
Present value = $2,500,000
NPER = 45 × 12 = 540
RATE = 7.5% ÷ 12 = 0.625
FV = $0
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;TYPE)
After applying the above formula
The present value comes in negative
The monthly payment is $16,184.66
Consumption spending is:__________ A. spending by households, businesses, and government on all goods used up within one year. B. spending by individuals and households on both durable and nondurable goods. C. spending on goods and services by heads of households. D. spending by individuals and households on only nondurable goods, since they are used up quickly.
Answer:
b. spending by individuals and households on only non-durable goods.
Explanation:
Consumption spending is spending by individuals and households on only non-durable goods. Consumption is a component of GDP which includes spending on goods and services by individuals and households as it includes non-durable as well as durable goods on the basis of consumption patterns.
A taxable bond has a yield of 8%, and a municipal bond has a yield of 6%. At what tax bracket, would you be indifferent between the 2 bonds
Answer: 25%
Explanation:
Municipal bonds are tax-free which means that the tax bracket that would make you indifferent between the 2 bonds would be the one that brings the after-tax yield on the taxable bond to the same yield as the Municipal bond.
Assume this tax rate to be x.
8% * ( 1 - x) = 6%
8% - 0.08x = 6%
0.08x = 8% - 6%
x = (8% - 6%) / 0.08
x = 25%