Contract agreement this describe.
Am my answer is right?
Marvin is trying to figure out his cash flow. What is the BEST advice for Marvin to accurately determine his cash flow? OA. Add your liabilities to your assets. OB. Subtract your liabilities from your assets. OC. Add your expenditures to your income. OD. Subtract your expenditures from your income.
Answer:
D
Explanation:
Cash flow is the flow of cash and cash equivalent in and and out of a business.
there are three types of cash flows:
Investing cash flowoperating cash flow financing cash flowCash flow = income - expenditure
If cash flow is being generated from net income, non cash expenditures e.g. depreciation is added back
Answer: Subtract your expenditures from your income.
A newspaper vendor is trying to determine how many daily papers to order. The cost to the vendor of a single paper is $0.75. The vendor sells each paper for $1.85. The value of the paper will drop to 0 the next day. If the daily demand for papers is normally distributed with a mean of 500 papers and a standard deviation of 100 papers. The newspaper vendor should order how many papers?
a. 500
b. 525
c. 559
d. 795
e. 475
Answer:c
Explanation:cuz it c
Bramble sells softball equipment. On November 14, they shipped $4300 worth of softball uniforms to Novak Middle School, terms 3/10, n/30. On November 21, they received an order from Douglas High School for $2500 worth of custom printed bats to be produced in December. On November 30, Novak Middle School returned $450 of defective merchandise. Bramble has received no payments from either school as of month end. What amount will be recognized as accounts receivable, net on the balance sheet as of November 30
Answer:
$3,850
Explanation:
Calculation to determine What amount will be recognized as accounts receivable, net on the balance sheet as of November 30
Using this formula
Accounts receivable=Goods shipped -Defective merchandise return
Let Plug in the formula
Accounts receivable=$4,300-$450
Accounts receivable=$3,850
Therefore What amount will be recognized as accounts receivable, net on the balance sheet as of November 30 is $3,850
Based on this knowledge, the CEO of U.S. Builders asked his administrative assistant to talk with Teresa and tell her that taking bribes was not acceptable behavior at U.S. Builders. The assistant did talk with Teresa, but little changed. What problem with the discipline process does U.S. Builders have
Answer:
U.S. Builders
The problem with the discipline process that U.S. Builders has is:
Implementing the resolution of the disciplinary process.
Explanation:
The correct disciplinary process should follow the following steps:
1. Obtaining an initial understanding of the issue.
2. Carrying out a thorough investigation to establish the facts.
3. Inviting the affected employee to a disciplinary meeting.
4. Conducting the disciplinary meeting.
5. Deciding on the disciplinary action to take.
6. Confirming and conveying the outcome in writing.
7. Giving the employee the right to appeal.
Implementing the resolution.
The OECD is concerned about transfer pricing practices because ________. a. transfer pricing can help maximize a company's worldwide tax liability b. companies use transfer prices to manipulate prices and, therefore, taxes c. transfer prices tend to be higher in industrial than developing countries d. governments use transfer prices to manipulate companies' investment strategies
Answer:
b. companies use transfer prices to manipulate prices and, therefore, taxes
Explanation:
Organisation for Economic Co-operation and Development was established on the 30th of September, 1961 and it comprises of 38 member countries. It is an intergovernmental organization that is saddled with the responsibility of stimulating economic growth and world trade among member countries.
The OECD is concerned about transfer pricing practices because companies use transfer prices to manipulate prices and, therefore, taxes
Ewunia Corporation hires nine individuals on January 2, 2020, all of whom qualify for the work opportunity credit. Two of these individuals receive wages of $11,000 during 2020, and each individual works more than 400 hours during the year. The other seven individuals each work 230 hours and receive wages of $6,600 during the year. a. Calculate the amount of Ewunia's work opportunity credit. $fill in the blank 1 b. If Ewunia pays total wages of $235,000 to its employees during the year, how much of this amount can Ewunia deduct, assuming the work opportunity credit is taken
Answer:
fgyhujikol
Explanation:
cgvbnjm
Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following data: The yield on the company’s outstanding bonds is 7.75%, its tax rate is 40%, the next expected dividend is $0.65 a share, the dividend is expected to grow at a constant rate of 6.00% a year, the price of the stock is $19.00 per share, the flotation cost for selling new shares is F = 10%, and the target capital structure is 45% debt and 55% common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget?
Answer:
WACC = 7.48%
Explanation:
We can calculate the Firm's WACC by using Excel.
Let's assume this is our Excel Blank Sheet.
A B C D
1 Particulars Rate Weight Weighted rate
2 Debt = 7.75%(1 - 40%) 0.45 =B2×C2
= 4.65%
3 Equity = (0.65/(19 × (1 - 10%)))+6%
= 9.80% 0.55 = B3×C3
4 WACC =SUM(D2:D3)
Output:A B C D
1 Particulars Rate Weight Weighted rate
2 Debt = 4.65% 45% 2.09%
3 Equity = 9.80% 55% 5.39%
4 WACC 7.48%
What are the characteristics of Insurance contract
Answer:
Characteristic features of an Insurance Contract
Insurable interest. A person can enter into a contract of insurance only when he has some insurable interest on the life or property which is insured.
Contract of 'Uberrimae fidei' or Contract of Utmost good faith
1:Indemni0
2: Mitigation of Loss
3: Causa proxima
4: Subrogation
5: Contribution
6: Re-insurance
Hope this helps Have a good day
Gaston Company is considering a capital budgeting project that would require a $2,400,000 investment in equipment with a useful life of five years and no salvage value. The company’s tax rate is 30% and its after-tax cost of capital is 13%. It uses the straight-line depreciation method for financial reporting and tax purposes. The project would provide net operating income each year for five years as follows:
Sales $3,400,000
Variable expenses 1,600,000
Contribution margin 1,800,000
Fixed expenses:
Advertising, salaries, and other fixed out-of-pocket costs $680,000
Depreciation 660,000
Total fixed expenses 1,340,000
Operating income $460,000
Required:
Compute the project's net present value.
Answer:
$1,053,890.40
Explanation:
Net operating income $460,000
Less: Tax at 30% $138,000
After tax income $322,000
Add: Depreciation $660,000
Net cash inflow $982,000
Year Cash inflow PVF(13%) PV of cash-flows
0 ($2,400,000) 1 ($2,400,000)
1-5 $982,000 3.5172 $3,453,890.40
Project's net present value $1,053,890.40
36. Regina Company purchased a Cash register on January 1 for $5,400. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the second-year of its useful life using the double-declining-balance method
Answer:
$864
Explanation:
Double-declining-balance charges a higher depreciation in early years of the asset and lower in the later years using the formula :
Depreciation expense = 2 x SLDP x BVSLDP
Where,
SLDP = 100 ÷ useful life
= 10 %
and
BVSLDP = Cost (1st year) and Book Value (any other year)
therefore,
Year 1
Depreciation expense = 2 x 10 % x $5,400
= $1,080
Year 2
Depreciation expense = 2 x 10 % x ($5,400 - $1,080)
= $864
thus
The depreciation expense for the second-year of its useful life using the double-declining-balance method is $864.
Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Steinberg expects to sell 90,000 regular models and 18,000 deluxe models. A segmented income statement for the two products is as follows:
Regular Model Deluxe Model Total
Sales $13,500,000 $12,150,000 $25,650,000
Less: Variable costs 9,000,000 7,290,000 16,290,000
Contribution margin $4,500,000 $4,860,000 $9,360,000
Less: Direct fixed costs 1,200,000 960,000 2,160,000
Segment margin $3,300,000 $3,900,000 $7,200,000
Less: Common fixed costs 1,280,000
Operating income $5,920,000
Required:
1. Compute the number of regular models and deluxe models that must be sold to break even.
2. Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even.
Answer:
1. Regular models 24,000
Deluxe models 3,556
2.17.4354%
Explanation:
1. Computation for the number of regular models and deluxe models that must be sold to break even
REGULAR MODEL:
First step is to calculate the Contribution per unit using this formula
Contribution per unit=Contribution/No.ofunits
Let plug in the formula
Contribution per unit=$4,500,000/90
Contribution per unit=50
Now let calculate the Break even units using this formula
Break even units=Direct fixed costs/Contribution per unit
Let plug in the formula
Break even units=$1,200,000/50
Break even units=24,000
DELUXE MODEL:
First step is to calculate the Contribution per unit using this formula
Contribution per unit=Contribution/No.ofunits
Let plug in the formula
Contribution per unit=$4,860,000/18,000
Contribution per unit=270
Now let calculate the Break even units using this formula
Break even units=Direct fixed costs/Contribution per unit
Let plug in the formula
Break even units=960,000/270
Break even units=3,556
Therefore the number of regular models and deluxe models that must be sold to break even are:
Regular models 24,000
Deluxe models 3,556
2. Computation for the sales revenue that must be generated for the company to break even
First step is to calculate the Break-even sales -
Break-even sales = 16,290,000 + 2,160,000 + 1,280,000
Break-even sales = 19,730,000
Second step is to calculate the Contribution Using this formula
Contribution = Break-even sales - Variable costs
Let plug in the formula
Contribution = 19,730,000 - 16,290,000
Contribution = $3,440,000
Now let calculate the Contribution margin ratio using this formula
Contribution margin ratio=Contribution/Break even sales *100
Contribution margin ratio=$3,440,000/$19,730,000*100
Contribution margin ratio=17.4354%
Therefore the Contribution margin ratio is 17.4354%
The Tinslow Co. has 125,000 shares of stock outstanding at a market price of $93 a share. The company has just announced a 5-for-3 stock split. How many shares of stock will be outstanding after the split
Answer:
Total shares outstanding = 208,333 units
Explanation:
A stock split occurs where a company increases the the total unit of its existing shares by dividing them . It does this to achieve a cheaper nominal price of per unit of share without increasing the total nominal value
Total shares outstanding = 5/3× 125,000= 208,333.
Total shares outstanding = 208,333 units
1. You are evaluating the purchase of HypeToys, Inc. common stock that just paid an annual dividend of $1.80. You expect the dividend to grow at a rate of 12% per year, indefinitely. You estimate that a required rate of return 17.5% will be adequate compensation for this investment. Assuming that your analysis is correct, and the company pays dividends once a year, what is the most that you’re willing to pay for the common stock if you were to purchase it today? Round to the nearest $.01.
Answer:
$36.65
Explanation:
D1 = D*(1+g)
D1 = 1.8*(1+0.12)
D1 = 1.8(1.12)
D1 = $2.016
Price of stock P = D1 / (re - g)
Price of stock P = $2.016 / (0.175 - 0.12)
Price of stock P = $2.016 / 0.055
Price of stock P = $36.654545
Price of stock P = $36.65
So, $36.65 is the most that i will be willing to pay for the common stock if i am to purchase it today.
Filing Chapter 13 allows you to maintain a sound credit rating because
a. you stand free and clear of debt.
b. your possessions are used to pay your credit obligations.
C. you still fulfill your credit obligations.
d. none of the above.
Answer:
C. you still fulfill your credit obligations.
Explanation:
Under Chapter 13, your debts are reorganized but you still pay them back. Paying your debts later and after getting a court ordered deal is not the best possible scenario, but it is much better than not paying them back at all or simply liquidating assets and see what can be paid or not (Chapter 7).
Nat is a salesman for a real estate developer. His employer permits him to purchase a lot for $75,000. The employer's adjusted basis for the lot is $45,000, and its normal selling price is $90,000. What is Nat's recognized gain and his basis for the lot
Answer:
Recognized gain = $15,000
Basis for lot = $90,000
Explanation:
According to the scenario, computation of the given data are as follows,
Purchase amount = $75,000
Adjusted basis = $45,000
Normal selling price = $90,000
So, Recognized gain = Normal selling price - Purchase amount
By putting the value, we get
Recognized gain = $90,000 - $75,000
= $15,000
Now, Basis for lot = Purchase amount + Recognized gain
= $75,000 + $15,000
= $90,000
Rubin Enterprises had the following sales-related transactions on a recent day:
a. Billed customer $27,500 on account for services already provided.
b. Collected $5,875 in cash for services to be provided in the future.
c. The customer complained about aspects of the services provided in Transaction a. To maintain a good relationship with this customer, Rubin granted an allowance of $1,500 off the list price. The customer had not yet paid for the services.
d. Rubin provided the services for the customer in Transaction b. Additionally, Rubin granted an allowance of $350 because the services were provided after the promised date. Because the customer had already paid, Rubin paid the $350 allowance in cash.
Required:
Prepare the necessary journal entry (or entries) for each of these transactions.
Answer:
Transaction a
Debit : Account Receivable $27,500
Credit : Sales Revenue $27,500
Transaction b
Debit : Cash $5,875
Credit : Deferred Revenue $5,875
Transaction c
Debit : Sales Revenue $1,500
Credit : Account Receivable $1,500
Transaction d
Debit : Deferred Revenue $5,875
Credit : Sales Revenue $5,525
Credit : Discount received $350
Explanation:
The journals have been prepared above.
Palepu Company owns and operates a delivery van that originally cost $38,080. Straight-line depreciation on the van has been recorded for three years, with a $2,800 expected salvage value at the end of its estimated six-year useful life. Depreciation was last recorded at the end of the third year, at which time Palepu disposes of this van.
a. Compute the net book value of the van on the disposal date.
b. Compute the gain or loss on sale of the van if the disposal proceeds are:
1. A cash amount equal to the van's net book value.
a. $13,000 cash.
b. $10,000 cash
Answer and Explanation:
The computation is shown below;
But before that the depreciation expense per year is
Depreciation per year = (Cost - Residual value) ÷ Useful life
= ($38,080 - $2,800) ÷ 6 years
= $5,880
1.Net book value as on disposal date is
= $38,080 - ($5,880 × 3)
= $20,440
2.
We know that
Gain on sales = (Sales - Book value)
Gain = $(20,400 - 20,400) = 0
a. Loss = $13,000 - $20,440 = -$7,440
b. Loss = $10,000 - $20,440 = -$10,440
Rick Co. had 35 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $69 per share. In recording this transaction, Rick would:
Answer:
None of the choices are correct
Explanation:
We use the par value of stock to determine the dividend instead of the market value of stock.
Dividend Calculation :
Dividend = 35,000,000 shares x $1 x 1%
= $350,000
Journal :
Debit : Dividend $350,000
Credit : Cash $350,000
What was the overall response to Cornett’s plan to put his city on a diet, both locally and nationwide? What were some things that occurred as a result of the coverage and his website.
Mayor Cornett's initiative was well received nationally and locally because he cared for the public health of citizens in an innovative way.
Who is Michael Cornett?Michael Cornett (1958) is an American politician who served as the mayor of Oklahoma City between 2005 and 2018.
During his tenure, he had an innovative and unconventional initiative that he called This City Is Going On A Diet with which he sought to establish guidelines for good nutrition and a healthy lifestyle to reduce obesity rates in the city.
In general, this initiative was well received by the inhabitants of the city who joined efforts to lose weight. Additionally, this had a positive impact at the national level since the president's wife extolled her positive work for the health of citizens.
In this program, he founded a help website for people who were interested in getting professional weight loss support. There they found healthy food options, tips and other pertinent information to help them lose weight.
Learn more about Oklahoma in: https://brainly.com/question/7482640?referrer=searchResults
Assume that the yen/dollar exchange rate quoted in London at 3:00 p.m. is ¥115 = $1. Rinaldo finds out that the rate quoted in New York at 10:00 a.m. (3:00 p.m. London time) is ¥135 = $1. Rinaldo decides to buy yen in New York and sell it in London. Rinaldo is engaging in
Answer: arbitrage
Explanation:
Based on the information given in the question, we can infer that Rinaldo is engaging in arbitrage.
This is an example of currency arbitrage as it involves Rinaldo buying and selling the currency pairs that's gotten from different brokers in order to be able to take advantage of mispriced rates.
The transactions of Spade Company appear below. Kacy Spade, owner, invested $16,250 cash in the company in exchange for common stock. The company purchased office supplies for $471 cash. The company purchased $8,986 of office equipment on credit. The company received $1,917 cash as fees for services provided to a customer. The company paid $8,986 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $3,445 as fees for services provided. The company paid $515 cash for the monthly rent. The company collected $1,447 cash as partial payment for the account receivable created in transaction f. The company paid a $1,100 cash dividend to the owner (sole shareholder). Required: 1. Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Fees Earned; and Rent Expense. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment.
Robert worked as a campus police officer at Cal Poly Pomona. As part of his union contract, Robert was required to submit to a drug test four times per year. He tested positive for crystal meth (an illegal drug) during one of his regularly-scheduled drug tests. According to the same union contract, a positive test for an illegal drug could result in automatic termination, so Robert was fired from his job. Robert sued Cal Poly Pomona for wrongful employment termination. What should be the result
Answer:
Cal Poly Pomona and Robert
Robert stands terminated according to the employment contract that he signed to.
Explanation:
Robert cannot cite wrongful termination because his termination was not in violation of any federal anti-discrimination laws or based on any breach of his contract with the union. Clearly, Robert was not fired on the basis of his race, gender, ethnic background, religion, or disability, but on the basis of testing positive for an illegal drug. Substance abuse, ordinarily, renders the affected officer unfit for his or her responsibilities.
The result of Robert suing Cal Poly Pomona for wrongful employment
termination will be a negative one and his employment will remain
terminated.
Robert signed an agreement before taking the offer to work as a campus
police officer. Part of the union contract states that a positive test for an
illegal drug will result in automatic termination. This was signed by Robert
which means he agreed to the terms and condition.
Suing Cal Poly Pomona won't yield any positive result because of him
signing the union contract thereby agreeing to that condition.
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You are responsible for developing a promotional strategy for a new business that is a combination shoe store and bar. You need to develop the idea for this business that includes decided what types of shoes you will sell, the them for the business, etc. Specifically, you are to answer the questions below. 1. detailed description of the target market 2. Name of the business and rationale behind the name 3. Describe in detail the business 4. Develop the promotional strategy - what is the central message of the promotional plan, identify three promotional tools you will use to reach your target market and explain why you have chosen those tools, explain how you will integrate all the promotional tools so as to deliver one consistent message.
Answer:
1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.
2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.
3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.
4. Promotional Tools
Advertising.
Advertisement with a well known actor will enable the fans of the actor to purchase shoes.
Sales Promotions
Adding a 20% opening discount will gain those who like to buy products when they are on discounts.
Publicity
Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.
Explanation:
1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.
2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.
3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.
4. Promotional Tools
Advertising.
Advertisement with a well known actor will enable the fans of the actor to purchase shoes.
Sales Promotions
Adding a 20% opening discount will gain those who like to buy products when they are on discounts.
Publicity
Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.
The options for closing inventory is
A. 10.50
B. 10
C. 10.25
Total cost options are
A. 8,050
B. 8,000
C. 8,200
Answer:
i think A
Explanation:
I hope this helps:)))
Pluto Inc., a leather goods manufacturer, produces and sells a wide range of leather bags, wallets, purses, and belts. It recently opened an outlet in Mexico. However, since Mexico's per capita income is approximately one-third that of the U.S., Lolita's sales have dipped. Moreover, the extent of available financing in the country is limited. With regard to global marketing research, the dip in Lolita's sales can be attributed to which of the following organizational issues?
A. Political conditions
B. Culture
C. Willingness to buy
D. Ability to buy
The balance sheet for Monty Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $1,380,000 Less: Discount on bonds payable 55,200 $1,324,800 Monty decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022.
Answer:
Date Accounts & Explanation Debit Credit
July 1, Bonds payable $1,380,000
2022 Loss on bonds redemption $82,800
Discount on bonds payable $55,200
Cash A/C $1,407,600
[$1,380,000*102%]
(To record the redemption of bond)
How swag are u 1/10
Stock X and Stock Y have a correlation coefficient of .5. Stock X has an expected return of 10% and a standard deviation of 10%. Stock Y has an expected return of 14% and a standard deviation of 21%. What is the portfolio standard deviation if 60% of your wealth is invested in Stock X and 40% in Stock Y
Answer:
12.53%
Explanation:
Since there are only two assets in the portfolio, its standard deviation can be determined using the two-asset portfolio standard deviation provided below;
σP = (wA2 * σA2 + wB2 * σB2 + 2 * wA * wB * σA * σB * ρAB)^(1/2)
wA=proportion of the portfolio invested in X=60%
σA=standard deviation of return on X= 10%
wB=proportion of the portfolio invested in Y=40%
σB=standard deviation of return on Y =21%
ρAB= correlation between X and Y=.5
σP=(60%^2*10%^2+40%^2*21%^2+2*60%*40%*10%*21%*.5)^(1/2)
σP=12.53%
Consider two firms, Firm X and Firm Y, that have identical assets that generate identical cash flows. Firm Y is an all-equity firm, with 1 million shares outstanding that trade for a price of $24 per share. Firm X has 2 million shares outstanding and $12 million in debt at an interest rate of 5%. What is the stock price for Firm X
Answer: $6
Explanation:
To solve this question, we can use the Modigliani-Miller theorem. Since Firm Y is an all-equity firm, and has 1 million shares outstanding that trade for a price of $24 per share.
On the other hand, Firm X has 2 million shares outstanding and $12 million in debt at an interest rate of 5%. Therefore, the stock price for Firm X will be:
= ($24 - $12) / 2
= $12/2
= $6
Therefore, the stock price for Firm X is $6.
Jasper pays a fair price for Rosa's five wooded acres in a valid contract. But, Rosa decides she does not want to give up the land after and will not leave. Jasper can file suit and ask for ______________________ to take the land per the contract. specific performance a recission punitive damages complete performance
Answer:
specific performance
Explanation:
A specific performance is defined as remedy issued by a court when a conflict in contact occurs.
This instructs a particular party to perform a specific task in a contract or complete execution of the contract.
In this instance where Jasper pays a fair price for Rosa's five wooded acres in a valid contract. But, Rosa decides she does not want to give up the land after and will not leave.
Jasper can seek a specific performance to compel Rosa to go through with the sale