Answer:
The current manufacturing environment would be described as:
c. Make to Order (MTO).
Explanation:
The 'make to order' strategy means that the company accepts orders during the production lead time and produces products based on the customer's specifications. The goods will not be stocked after production, instead they will be shipped to the customer who requested for them immediately after production. It is unlike 'make to stock' production strategy, where orders result from production planning based on sales estimates.
Which situation best illustrates the process of capital formation?
A. An engineer tries to limit her spending during the week.
B. A factory worker takes out a high-interest loan to buy a new home.
C. A farmer increases his profits by growing a variety of new crops.
D. An artist buys bonds that will increase in value over time.
Answer :D. An artist buys bonds that will increase in value over time.
Explanation:A.P.E.X
How much will $6000 be worth if it is invested at 3.5% interest for 20 years compounded annually, semi-annually, quarterly, monthly, weekly, daily?
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $6,000
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
Compounded annually:
n= 20
i= 0.035
FV= 6,000*1.035^20
FV= $11,938.73
Compounded semi-annually:
n=20*2= 40
i= 0.035/2= 0.0175
FV= 6,000*(1.0175^40)
FV= $12,009.58
Compounded quarterly:
n= 20*4= 80
i= 0.035/4= 0.00875
FV= 6,000*(1.00875^80)
FV= $12,045.78
Compounded monthly:
n= 20*12= 240
i= 0.035/12= 0.00292
FV= 6,000*(1.00292^240)
FV= $12,079.84
Compounded weekly:
n= 20*52= 1,040
i= 0.035/52= 0.000673
FV= 6,000*(1.000673^1,040)
FV= $12,078.71
Compounded daily:
n= 20*365= 7,300
i= 0.035/365= 0.000096
FV= 6,000*(1.000096^7,300)
FV= $12,091.78
Answer:
P = $6000
i = 3.5% = 0.035
n =20
Future value = P*(1+i/m)^nm
If compounded annually = 6,000*(1+0.035) ^20 = 6,000*(1.035)^20 = 6,000*1.9898 = $11938.80
If compounded semi-annually = 6,000*(1+0.035/2)^20*2 = 6,000*(1+0.0175)^40 = 6,000*(1.0175)^40 = 6,000*2.00159734319 = $12009.58405914 = $12009.58
If compounded quarterly = 6,000*(1+0.035/4)^20*4 = 6,000*(1+0.00875)^80 = 6,000*(1.00875)^80 = 6,000* 2.00763065501 = $12045.78393006 = $12045.78
If compounded monthly = 6,000*(1+0.035/12)^20*12 = 6,000*(1+0.0029167)^240 = 6,000*(1.0029167)^240 = 6,000 * 2.01171808178 = $12070.30849068 = $12070.31
If compounded weekly = 6,000*(1+0.035/52)^20*52 = 6,000*(1.00067307692)^1040 = 6,000 * 2.01327857595 = $12079.6714557 = $12079.67
If compounded daily = 6,000*(1+0.035/365)^20*365 = 6,000*(1.00009589041)^7300 = 6,000*2.01368511398 = $12082.11068388 = $12082.11
The Intramural Sports Club reports sales revenue of $892,000. Inventory at both the beginning and end of the year totals $160,000. The inventory turnover ratio for the year is 4.6.
What amount of gross profit does the company report in its income statement?
Answer:
$524,000
Explanation:
Gross profit = revenue - costs of goods sold
For the Intramural Sports Club, revenue = $892,000.
Finding the cost of goods sold COGS
Inventory turnover = COGS/ average inventory
inventory turnover=4.6
Average inventory = beginning plus closing inventory /2
in this case, average inventory =$160,000/2
=$80,000
Therefor, 4.6 = COGS/ $80,000
COGS = $80,000 x 4.6
COGS =$368,000
Gross profits= $892,000- $368,000
Gross profit =$524,000
The profit a company makes after deducting all costs associated with creating and selling its products or services is known as gross profit.
Gross Profit=Sales Revenue-Cost of Goods Sold
Cost of Goods sold can be expressed as follows:
COGS = Beginning Inventory + Purchases – Ending Inventory
They didn’t tell you what your purchases were, however they stated the inventory turned over 4.6 times.
However, Beginning and Ending inventory are the same, so $ 160,000 times 4.6 would be how much inventory was purchased during the year.
=160,000 x 4.6 = 736,000
=892,000 – 736,000 = 156,000
Hence, Gross Profit=$156,000
To know more about gross profit, refer to the link:
https://brainly.com/question/7582690
if a business purchases items to sell during the year, the cost of any items that are not used or consumed are reflected
Answer:
"On the end of the year balance sheet" is the right response.
Explanation:
If a company is buying goods to sell and even certain merchandise remains unsold might become a component of storage again for the corporation. That balance of supply remains displayed on either the reserves side underneath current assets on what's on the ending accounting records and then this amount will be carried forward to that day.Sheridan Corp. will pay dividends of $5.00, $6.25, $4.75, and $3.00 in the next four years. Thereafter, management expects the dividend growth rate to be constant at 7 percent. If the required rate of return is 16.00 percent, what is the current value of the stock? (Round all intermediate calculations and final answer to 2 decimal places, e.g. 15.20.)
Answer:
The current value of the stock is $33.35
Explanation:
The computation of the current value of the stock is shown below:
Particulars Dividends PVIF at 16% Present value
Dividend 1 $5 0.862 $4.31
Dividend 2 $6.25 0.743 $4.64
Dividend 3 $4.75 0.641 $3.04
Dividend 4 $3 0.552 $1.66
Dividend 5 $3.21
($3 × 1.07)
Price of the
stock in 4 years $35.67 0.552 $19.70
($3.21 ÷ (16% - 7%))
Current value
of the stock $33.35
A borrower signs the note and mortgage for a re-finance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)?
Answer: The earliest the funds could be disbursed would be Wednesday the 6th.
Explanation:
Federal holidays and Sundays are not counted when considering the 3business days rescission period for loans principal residences. The borrower has the opportunity till midnight on these 3 business days after landing papers are signed, the days are Saturday, Monday and Tuesday. With this consideration's, the earliest the funds could be disbursed would be Wednesday the 6th.