Answer:
Audit is the one who check .....
Suppose the required reserve ratio is 15%. A $10 million deposit will, at most, allow an expansion of the money supply to $250 million. $150 million. $147.5 million. $66.7 million.
Answer:
$66.7 million
Explanation:
Calculation to determine expansion of the money supply
Using this formula
Money supply expansion=Deposit/Required reserve ratio
Let plug in the formula
Money supply expansion=$10 million/.15
Money supply expansion=$66.66 million
Money supply expansion=$66.7 million (Approximately)
Therefore A $10 million deposit will, at most, allow an expansion of the money supply to $66.7 million
At the beginning of 2019, Sunshine Corporation issued 18,000 shares of $100 par, 7%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning 100 shares receive in 2021 if Sunshine pays $1,000,000 in dividends
Answer:
the amount of dividend that would be paid to the preferred shareholder is $2,100
Explanation:
The computation of the amount of dividend that would be paid to the preferred shareholder is shown below;
= Par value × dividend rate × number of shares × number of years
= $100 × 7% × 100 × 3 years
= $2,100
hence, the amount of dividend that would be paid to the preferred shareholder is $2,100
The same is to be relevant
An industry has 5 firms. Firm A has 30% of the market, Firm B and Firm C each have 25% of the market, Firm D has 15% of the market, and Firm E has 5% of the market. What is the HHI for this industry
Answer:
2400
Explanation:
The HHI is calculated by squaring the market share of each firm in the industry.
30² + 25² + 25² + 15² + 5² = 2400
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:
Year Straight-Line Declining Balance Difference
2018 $400 $853 $453
2019 400 569 169
2021 400 379 (21)
$1,200 $1,801 $601
Required:
Prepare any 2018 journal entry related to the change?
Answer:
A change in the depreciation method is not a change of accounting policies. Therefore, this change will not require any retrospective journal entry for 2018. Changes in depreciation methods are prospective, meaning that they affect future values, not past values. This is considered a change in an accounting estimate.
Explanation:
can you have a sloth as a pet
Answer:
in most places yes
Explanation:
they are hard to care for tho
Answer:
i mean Ig it depends on if you need a license or have to pay alot for it
have a good day :)
Explanation:
Assume you own a churro stand. Also assume the next unit of labor that you hire produces 16 churros per hour, and the next machine you could buy makes 21 churros per hour, Assuming you were seeking to expand churro production, which should you as a profit-maximizing firm hire next
Answer: Not enough information because the cost of each resource is not given.
Explanation:
With regards to the question, there's no enough information given in order to know the factor to hire next as a profit-maximizing firm.
Even though from the question given, the machine can make more churros per hour than the next unit of labor, the coat of both resources isn't given, therefore we cannot be certain on which one to choose.
Southern California Publishing Company is trying to decide whether to revise its popular textbook, Financial Psychoanalysis Made Simple. The company has estimated that the revision will cost $75,000. Cash flows from increased sales will be $20,900 the first year. These cash flows will increase by 3 percent per year. The book will go out of print four years from now. Assume that the initial cost is paid now and revenues are received at the end of each year. If the company requires a return of 8 percent for such an investment, calculate the present value of the cash inflows of the project.
Answer:
$72,195.71
Explanation:
Calculation to determine the present value of the cash inflows of the project
Using this formula
PV = C {[1/(r – g)] – [1/(r – g)] × [(1 + g)/(1 + r)]^n}
Where,
C represent cash flow=$20,900
r represent rate of return = 8%
g represent growth rate=3%
n represent Period
Let plug in the formula
PV= $20,900*{[1/(0.08-0.03)] - [1/(0.08-0.03)] × [(1+0.03) /(1+0.08)]^4}
PV= $20,900*{20-[20*(1.03/1.08)^4]}
PV= $20,900*[20-(20*0.827283)]
PV= $20,900*(20-16.54566)
PV= $20,900*3.45434
PV= $72,195.71
Therefore the present value of the cash inflows of the project will be $72,195.71
The returns from an investment are 3% in Year 1, 7% in Year 2, and 19.8% in the first half of Year 3. Calculate the annualized return for the entire period. (Round your intermediate calculations to at least 4 decimal places and final answer to 2 decimal places.)
Answer:
i hhhhhhh 136t8
Explanation:
dont kno
What is the Net Present Value of the following cash flow streams at an interest rate of 8.25%: at year 0: $0; year 1: $75; year 2: $225; year 3: $0; and year 4: $300. $__.
Answer:
the net present value is $479.7743
Explanation:
The computation of the net present value is shown below:
= cash flow ÷ (1+interest rate)^number of years
= $75 ÷ (1.0825) + $225 ÷ (1.0825)^2 + $300 ÷ (1.0825)^4
= $479.7743
Hence, the net present value is $479.7743
We simply applied the above formula so that the correct amount could come
Brief Exercise 24-01 Wildhorse Company uses both standards and budgets. For the year, estimated production of Product X is 565,000 units. Total estimated cost for materials and labor are $1,243,000 and $1,638,500. Compute the estimates for (a) a standard cost and (b) a budgeted cost.
Answer and Explanation:
The computation is shown below:
a. The standard cost is
Fo material
= $1,243,000 ÷ 565,000 units
= $2.20 per unit
And, for labor it is
= $1,638,500 ÷ 565,000 units
= $2.90 per unit
b. The budgeted cost would be remian the same as the total cost i.e. $1,243,000 and $1,638,500
Hence, the same would be considered and relevant
Beauty Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per share. On April 19, it issued 2,000 shares of common stock to attorneys in settlement of their bill of $27,500 for organization costs. In addition, Beauty Island issued 1,000 shares of $1 par value preferred stock for $6 cash per share.Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded
Answer:
Date Account Title Debit Credit
April 1 Cash $780,000
Common stock $300,000
Paid in Capital in excess of par - $480,000
Common stock
Working
Cash = 60,000 shares * 13 = $780,000
Common stock = 60,000 * 5 = $300,000
__________________________________________________________
Date Account Title Debit Credit
April 1 Organization costs - Attorney fees $27,500
Common Stock $10,000
Paid in Capital in excess of par - $17,500
Common stock
Working
Common stock = 2,000 * 5 par value = $10,000
__________________________________________________________
Date Account Title Debit Credit
April 1 Cash $6,000
Preferred stock $1,000
Paid in Capital in excess of par - $5,000
Common stock
Working
Cash = 1,000 * $6 = $6,000
Preferred stock = 1,000 * $1 = $1,000
Suppose that the Central Bank of the country of Keynesland decreases the supply of money; at the same time, the governmet of Keynesland passes a new investment tax credit. How would each policy affect the aggregate demand (AD)
Answer: a. The money supply decrease would shift the AD to the left; the new investment tax credit would shift AD to the right.
Explanation:
If the money supply is decreased, it means the amount of money available in the economy for people to buy goods and services will reduce. When this happens, people will demand less because they have less cash. This will end up pushing the demand curve to the left.
When an investment tax credit is declared however, companies will feel more inclined to invest in the economy because they will pay less tax. As they invest more, people will be employed and will increase their spending thereby pushing the AD curve to the right.
Given the following cash flows for a capital project for the Witter Corp., calculate its payback period and discounted payback period. The required rate of return is 8 percent. Cashflows: Year 0 = -50,000; Year 1 = 15,000; Year 2 = 15,000; Year 3 = 20,000; Year 4 = 10,000; and Year 5 = 5,000. The discounted payback period is
Answer:
4.01 years
Explanation:
The computation of the discounted payback period is shown below;
Given that
Required rate of return is 8%
Cashflows: Year 0 = -50,000;
Year 1 = 15,000;
Year 2 = 15,000;
Year 3 = 20,000;
Year 4 = 10,000;
and Year 5 = 5,000
As we can see from the attached table that approx in 4 years it could cover $49,975
So
the discounted payback period is
= 4 years + ($50,000 - $49,975.91) ÷ $3,402.92
= 4.01 years
Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at a pound, and later sold it at a pound. What were her profit and her return on invested capital if her initial margin was and the size of a cotton futures contract is 50,000 pounds of cotton?
Answer: See explanation
Explanation:
Based on the information given in the question, the profit will be calculated as:
Profit = (Selling price - Buying Price) × Size
= ($0.6485 - $0.6264)*50,000
= $0.0221 × 5000
= $1,105
Then, the return on the invested capital will be:
= Profit/Initial Margin
= 1105/1060
= 1.0425
= 104.25%
For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and administrative expense of $11,766, and depreciation of $6,415. If the tax rate is 35 percent, what is the operating cash flow
Answer:
$15,266
Explanation:
Sales $46,382
Less: Cost of goods sold $16,659
Gross profit $29,723
Less: Selling & administrative expense $11,766
Less: Depreciation $6,415
Earnings before interest and tax (EBIT) $11,542
Less: Interest expenses $3,854
Earnings before tax (EBT) $7,688
Less: Tax expenses (7688*35%) $2,691
Earnings after tax $4,997
Operating cash flow = EBIT + Depreciation expenses - Tax expenses
Operating cash flow = $11,542 + $6,415 - $2,691
Operating cash flow = $15,266
Selena Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows: The activity rate under the activity-based costing system for Supporting Customers is closest to: Multiple Choice $18.53 $46.33 $21.67 $65.00
Answer:
the activity rate for Supporting Customers is $21.67
Explanation:
The computation of the activity rate under the activity-based costing system for Supporting Customers is shown below;
= Estimated overhead cost ÷ Total expected activity
= $26,000 ÷ 1,200
= $21.67
hence, the activity rate for Supporting Customers is $21.67
Therefore the third option is correct
Robo Hot Inc., is a company that markets electric heaters to hospitals. Mr. Heatmizer, it's CEO, would ike to reduce its inventory cost by determining the optimal number of electric heaters to obtain per order. The annual demand is 100,000 units and the ordering cost is $10 per order. The carrying cost per unit is $2.00. Using these figures, calculate the expected number of orders per year.
Answer:
Expected number of orders=31.6 orders per year
Explanation:
The expected number of orders would be the Annual demand divided by the economic order quantity(EOQ).
The Economic Order Quantity (EOQ) is the order quantity that minimizes the balance of holding cost and ordering cost. At the EOQ, the holding cost is exactly the same as the ordering cost.
It is calculated as follows:
EOQ = (2× Co D)/Ch)^(1/2)
Co- ordering cost Ch - holding cost, D- annual demand
EOQ = (2× 10 × 100000/2)^(1/2)= 3162.27 units
Number of orders = Annual Demand/EOQ
= 100,000/3,162.27= 31.62 orders
Expected number of orders=31.6 orders per year
A large distributor has 4 retail outlets. Currently each outlet manages its ordering independently. Demand at each retail outlet averages 1000 per day. Assume there are 250 days per year. Each unit of product costs 120 dollars, and holding cost per unit of product per year is 12% of the product cost. The fixed cost of each order (administrative plus transportation) is 900 dollars in the decentralized system. The fixed cost of each order in the centralized system is twice of the decentralized system. Holding cost per unit are the same in the two systems.
3a. How much should ALL the warehouses order together to minimize the total cost in the CENTRALIZED system?The potential answers are:_______.A: 14606 units.
B: 15811 units.C: 19365 units.D: 12344 units.E: 12500 units.3B. How much does EACH warehouse need to order individually to minimize the total cost in the DECENTRALIZED system?The potential answers are:_______.A: 5164 units.B: 6124 units.C: 3904 units.D: 3953 units.E: 5590 units.
Answer:
a. Units to be ordered to minimize the total cost in the CENTRALIZED system:
= B: 15811 units.
b. Units to be ordered to minimize the total cost in the DECENTRALIZED system:
= E: 5590 units.
Explanation:
a) Data and Calculations:
Demand at each retail outlet = 1,000 per day
Number of days in a typical retail year = 250 days
Total annual demand at each retail outlet = 250,000 (1,000 * 250)
Total annual demand at the distributor = 1,000,000 (250,000 * 4)
Cost of each unit of product = $120
Total cost of product at each retail outlet = $30,000,000 ($250,000 * $120)
Total cost of product at the distributor = $120 million
Holding cost per unit = $14.40 ($120 * 12%)
Ordering cost per order at each retail outlet = $900
Ordering cost per order at the distributor = $1,800 ($900 * 2)
a. Units to be ordered to minimize the total cost in the CENTRALIZED system:
= EOQ = square root of (2 x D x S/H)
where D = annual demand
S = ordering cost
H = Holding cost
= square root of (2 * 1,000,000 * $1,800)/$14.40
= square root of 250,000,000
= 15,811 units
= square root of (2 * 250,000 * $900)/$14.40
= square root of 31,250,000
= 5,590 units
Baskin-Robbins is one of the world’s largest specialty ice cream shops. The company offers dozens of different flavors, from Very Berry Strawberry to lowfat Espresso ’n Cream. Assume that a local Baskin-Robbins in Raleigh, North Carolina, has the following amounts for the month of July 2021.
Salaries expense $12,400 Sales revenue $63,300
Inventory (July 1, 2021) 1,650 Interest income 2,000
Sales returns 1,100 Cost of goods sold 28,050
Utilities expense 2,950 Rent expense 5,400
Income tax expense 4,700 Interest expense 400
Inventory (July 31, 2021) 1,100
Required:
a. Prepare a multiple-step income statement for the month ended July 31, 2015.
b. Calculate the inventory turnover ratio for the month of July. Would you expect this ratio to be higher or lower in December 2015? Explain.
c. Calculate the gross profit ratio for the month of July.
Answer:
yes
Explanation:
yes
Liu, the owner of San Diego Mortgage Solutions, a sole proprietorship, wants to obtain additional business capital to expand operations. The additional business capital is most likely limited to Group of answer choices conducting a private offering. issuing stock. bringing in partners. borrowing funds.
Answer:
borrowing funds.
Explanation:
Since the owner could not add extra partners as it would be transform into the partnership firm in the case when there is an increase in the number of owners.
In the sole propertiorship, there is only one stockholder and he cant able to issue the stock or the initial public offering
Therefore it would be limited to the borrowing funds
A similarity between monopoly and monopolistic competition is that in both market structures a. there are only a few buyers but many sellers. b. there are a small number of sellers. c. sellers are price makers rather than price takers. d. strategic interactions among sellers are important.
Answer:
c
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A price maker is a seller that sets the price for its goods and services. A monopoly and a monopolistic competition are price makers
If demand for reserves is predected to increase temporarily, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves.
Answer:4.1
Explanation:
The final phase of the systems development life cycle is systems ________. Select one: a. implementation b. maintenance c. operation d. design e. analysis
Answer:
b. maintenance
Explanation:
The systems development life cycle contains 5 steps i.e.
1. Planning
2. Analysis
3. Design
4. Implementation
5. Maintenance
The final phase is the maintenance & required regular updated. It occurs when the end users could fine the system in the case when they want to increase the performance, or add new capabilities or meeting extra user requirements so it can be done under this step
SegR-7268 Corporation has two divisions, East and West. The following information was taken from last year's income statement segmented by division: East Division West Division Sales $3,700,000 $2,300,000 Contribution margin $1,650,000 $1,000,000 Divisional segment margin $1,100,000 $350,000 Net operating income last year for SegR-7268 Corporation was $600,000. In last year's income statement segmented by division, what were SegR-7268's total common fixed expenses?
a. $2,050,000
b. $850,000
c. $2,300,000
d. $1,200,000
Answer:
b. $850,000
Explanation:
Divisional Segment Margin = $1,100,000 + $350,000
Divisional Segment Margin = $1,450,000
Net Operating Income = $600,000
Common fixed expenses = Divisional Segment Margin - Net Operating Income
Common fixed expenses = $1,450,000 - $600,000
Common fixed expenses = $850,000
So, SegR-7268's total common fixed expenses will be $850,000.
The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant. True False
Answer:
True
Explanation:
At the time when the future sum of the present value reduced and it can be either the discount rate or the number of the period on a yearly basis increased being the other things would remain the same
So the given statement is true
Hence, the same should be considered and relevant too
Identify the type of adjustment that would most likely be needed. Business B purchased a piece of equipment to be used in operations for $5,000 during the middle of October. Today is December 31st, the end of the 4th quarter and financial reports are being produced. g
Answer: c . Depreciation
Explanation:
When accounting for fixed assets, it is important that they are recorded at their book value to reflect the effects of being utilized. This means that depreciation needs to be charged on fixed assets.
Even though the equipment in question was only purchased 2.5 months prior to the financial reports being made, depreciation still needs to be accounted for such that the equipment is represented at its book value in the financial statement.
An outside supplier has offered to make the part and sell it to the company for $29.80 each. If this offer is accepted, the supervisor's salary and all of the variable costs, including the direct labor, can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally. In addition, the space used to make part U16 could be used to make more of one of the company's other products, generating an additional segment margin of $25,000 per year for that product. The annual financial advantage (disadvantage) for the company as a result of buying part U16 from the outside supplier should be:
Answer:
-$79000
Explanation:
The computation of the annual financial advantage (disadvantage) is shown below;
Particulars Per unit Total 13000 units
Make Buy Make Buy
Direct materials 2.90 37700
Direct labor 7.50 97500
Variable manufacturing
overhead 8.00 104000
Supervisor's salary 3.40 44200
Contribution margin 25000
Purchase cost 29.80 387400
Total 308400 387400
Now the finacial disadvantage is
= 308400 - 387400
= -$79000
Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
are worn out and a new video game. Which of these do you want, and which of these do you
need? Explain your answer.
Plz no links to answer
Answer:
video game
Explanation:
because I don't go outside, I'm a gamer
Net Income $1,200 ($500) $2,300 Net Cash Flows $500 $300 $2,800 Dividends $200 $0 $200 Issuance of Stock $2,000 $0 $0 The above amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.
Answer:
$2,600
Explanation:
The computation of the balance of Retained Earnings at the end of 2018 is shown below;
= net income - dividend
= $1,200 - $500 + $2,300 - $200 - $0 - $200
= $2,600
We simply deduct the dividend amount from the net income so that the balance of the retained earning could come
Larkspur, Inc. reports net income of $89,770 in 2017. However, ending inventory was understated by $7,100. Collapse question part (a) What is the correct net income for 2017
Answer:
$96,870
Explanation:
The understatement of ending inventory causes the cost of goods sold to be overstated and the gross and net income to be understated by the same amount.
If the 2017 ending inventory was understated by $7,100 then the correct net income figure for 2017 will be $7,1000 more that what was reported.
Therefore, 2017 corrected net income
= $89,770 + $7,100
= $96,870