Answer:
1. Amortization Table:
Amortization Schedule
Beginning Balance Interest Principal Ending Balance
1 $36,270.00 $129.67 $442.59 $35,827.41
2 $35,827.41 $128.08 $444.17 $35,383.24
3 $35,383.24 $126.50 $445.76 $34,937.48
4 $34,937.48 $124.90 $447.35 $34,490.12
5 $34,490.12 $123.30 $448.95 $34,041.17
6 $34,041.17 $121.70 $450.56 $33,590.61
7 $33,590.61 $120.09 $452.17 $33,138.44
8 $33,138.44 $118.47 $453.79 $32,684.65
9 $32,684.65 $116.85 $455.41 $32,229.25
10 $32,229.25 $115.22 $457.04 $31,772.21
11 $31,772.21 $113.59 $458.67 $31,313.54
12 $31,313.54 $111.95 $460.31 $30,853.23
Year #1 End
13 $30,853.23 $110.30 $461.96 $30,391.27
14 $30,391.27 $108.65 $463.61 $29,927.67
15 $29,927.67 $106.99 $465.26 $29,462.40
16 $29,462.40 $105.33 $466.93 $28,995.47
17 $28,995.47 $103.66 $468.60 $28,526.88
18 $28,526.88 $101.98 $470.27 $28,056.60
19 $28,056.60 $100.30 $471.95 $27,584.65
20 $27,584.65 $98.62 $473.64 $27,111.01
21 $27,111.01 $96.92 $475.33 $26,635.68
22 $26,635.68 $95.22 $477.03 $26,158.64
23 $26,158.64 $93.52 $478.74 $25,679.90
24 $25,679.90 $91.81 $480.45 $25,199.45
Year #2 End
25 $25,199.45 $90.09 $482.17 $24,717.29
26 $24,717.29 $88.36 $483.89 $24,233.40
27 $24,233.40 $86.63 $485.62 $23,747.77
28 $23,747.77 $84.90 $487.36 $23,260.42
29 $23,260.42 $83.16 $489.10 $22,771.32
30 $22,771.32 $81.41 $490.85 $22,280.47
31 $22,280.47 $79.65 $492.60 $21,787.86
32 $21,787.86 $77.89 $494.36 $21,293.50
33 $21,293.50 $76.12 $496.13 $20,797.37
34 $20,797.37 $74.35 $497.91 $20,299.46
35 $20,299.46 $72.57 $499.69 $19,799.78
36 $19,799.78 $70.78 $501.47 $19,298.31
Year #3 End
37 $19,298.31 $68.99 $503.26 $18,795.04
38 $18,795.04 $67.19 $505.06 $18,289.98
39 $18,289.98 $65.39 $506.87 $17,783.11
40 $17,783.11 $63.57 $508.68 $17,274.43
41 $17,274.43 $61.76 $510.50 $16,763.93
42 $16,763.93 $59.93 $512.32 $16,251.60
43 $16,251.60 $58.10 $514.16 $15,737.45
44 $15,737.45 $56.26 $515.99 $15,221.45
45 $15,221.45 $54.42 $517.84 $14,703.61
46 $14,703.61 $52.57 $519.69 $14,183.92
47 $14,183.92 $50.71 $521.55 $13,662.37
48 $13,662.37 $48.84 $523.41 $13,138.96
Year #4 End
49 $13,138.96 $46.97 $525.28 $12,613.68
50 $12,613.68 $45.09 $527.16 $12,086.52
51 $12,086.52 $43.21 $529.05 $11,557.47
52 $11,557.47 $41.32 $530.94 $11,026.53
53 $11,026.53 $39.42 $532.84 $10,493.70
54 $10,493.70 $37.51 $534.74 $9,958.95
55 $9,958.95 $35.60 $536.65 $9,422.30
56 $9,422.30 $33.68 $538.57 $8,883.73
57 $8,883.73 $31.76 $540.50 $8,343.23
58 $8,343.23 $29.83 $542.43 $7,800.81
59 $7,800.81 $27.89 $544.37 $7,256.44
60 $7,256.44 $25.94 $546.31 $6,710.12
Year #5 End
61 $6,710.12 $23.99 $548.27 $6,161.86
62 $6,161.86 $22.03 $550.23 $5,611.63
63 $5,611.63 $20.06 $552.19 $5,059.43
64 $5,059.43 $18.09 $554.17 $4,505.27
65 $4,505.27 $16.11 $556.15 $3,949.12
66 $3,949.12 $14.12 $558.14 $3,390.98
67 $3,390.98 $12.12 $560.13 $2,830.85
68 $2,830.85 $10.12 $562.14 $2,268.71
69 $2,268.71 $8.11 $564.15 $1,704.57
70 $1,704.57 $6.09 $566.16 $1,138.40
71 $1,138.40 $4.07 $568.19 $570.22
72 $570.22 $2.04 $570.22 $0.00
Year #6 End
2. IF monthly payment is <$600, then take the loan.
3. The monthly payment is $572.26
4. The total interest paid on the loan is $4,932.42.
Explanation:
a) Data and Calculations:
Car loan = $36,270
Expected payment per month = $600
Loan interest rate = 4.29%
Period of payments = 6 years or 72 months
Results:
Payment Every Month $572.26
Total of 72 Payments $41,202.42
Total Interest $4,932.42
Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 5.01 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue$332,000$233,000$311,000 Cost of goods sold 204,000 116,000 183,000 Miscellaneous operating expenses 36,000 30,000 33,000 Average invested assets 1,310,000 920,000 1,105,000 Required: 1. Compute the return on investment for each division. 2. Compute the residual income for each division.
Answer and Explanation:
The computation is shown below:
1. The return on investment is
As we know that
Return on Investment = Net operating profit ÷ average invested assets × 100
But before that the Net Operating Profit should be determined
Particulars Peak View Grand
Sales revenue $332,000 $233,000 $311,000
Less: Cost of
goods sold ($204,000) ($116,000) ($183,000)
Miscellaneous
operating Expenses ($36,000) ($30,000) ($33,000)
Net Profit $92,000 $87,000 $95,000
Now
Return on Investment is
For peak, it is
= $92,000 ÷ $1,310,000
= 7.02%
for view, it is
= $87,000 ÷ $920,000
= 9.46%
for grand, it is
= $95,000 ÷ $1,105,000
= 8.60%
2. The residual income is
We know that
Residual Income = Net operating income - (Minimum required rate of return × average invested assets)
For Peak, it is
= ($92,000 - (5.01% of $1,310,000)
= $26,369
For view, it is
= ($87,000 - (5.01% of $920,000)
= $40,908
And, for grand, it is
= ($95,000 - (5.01% of $1,105,000)
= $39,640
Coomb’s Fashions forecasts sales of $141,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $40,500. If the December 31 inventory is targeted at $49,500, budgeted purchases for this quarter should be:
Answer:
See below
Explanation:
Given that;
September 30 inventory = $40,500
December 31 inventory = $49,500
Let x be the budgeted purchases for this quarter.
We can now calculate the budgeted purchases for this quarter by using the formula below;
Required December 31 inventory = September 30 inventory + x - Cost of goods sold
Where cost of goods sold = $141,000 × 0.8
So, by putting the values, we'll have
$49,500 = $40,500 + x - $141,000 × 0.8
$49,500 = $40,500 + x - $112,800
x = $49,500 - $40,500 - $112,800
x = $121,800
Therefore, budgeted purchases for the next quarter should be $121,800
Financial Math
Q197948
7 hours 18 min
Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.
The present value of Bonita’s debt at the time she will start paying aunt Magda back is
[1] R408 978,93.
[2] R317 500,78.
[3] R222 924,04.
[4] R525 000,00.
[5] R436 649,07.
Start working$1
Archive Tasks & Questions are stored in archive for 14 days
Biochemistry
Q200749
Deadline passed
2) Why are the ratios of OD260/OD280 and OD260/OD280 for clean nucleic acids about 2.0? Show your answer by drawing and explaining a DNA absorbance spectrum from 200 to 300 nm. Which type of contaminations can you detect with these measurements?
Answer approved2$1
Finance
Q199880
Deadline passed
Walter and Gordon model analyse the impact of distribution of dividends on the valuation of the firm but the formula used in both the cases are different. Company
ABC Ltd wanted to evaluate the price of the share in both cases. The company earns ₹ 50 per share and expects the same for the next year. The cost of capital to the firm is 11%. The company earns return on investment of 15% and the firm is planning dividend payout ratio of 60%. Calculate:
a. Price of the share using Walter Model. Comment on the relationship between return on investment and cost of capital in the case above and decision of the firm whether dividend is to be declared or not.
b. Price of the share using Gordon model. Comment on the relationship between return on investment and cost of capital in the case above and decision of the firm whether
dividend is to be declared or not.
You are declined.Your offer: $1
Financial Math
Q196935
Deadline passed
A savings account pays interest at the rate of 5% per year, compounded semi-annually. The amount that should be deposited now so that R250 can be withdrawn at the end of every six months for the next ten years is
[1] R3 144,47.
[2] R6 386,16.
[3] R1 930,43.
[4] R3 897,29.
[5] none of the above
You are declined.3Your offer: $1
Financial Math
Q198898
Deadline passed
Mr Mahlangu invests R20000 to play lobola. After 48 months he receives 65000. The interest on the investment is compounded quarterly. Determine the yearly interest rate at which money was invested. Give your answer as a percentage rounded to two decimal places.
You are declined.3Your offer: $1
Biochemistry
Q198087
Deadline passed
11. Indicate which type of bonds are involved in the following
a. Formation of the primary structure of a protein
b. Stabilization of the alpha helix and beta pleated sheet structures of proteins
12.Identify the biomolecular composition of the following cells
a.Endoplasmic reticulum
b.Mitochondria
c.Cytoskeleton
d. Nucleus
13 Under aerobic catabolism of glucose ,in which compartment of the eukaryotic cell does the following reaction occurs?
a conversion of pyruvate to acetyl CoA
b.conversion of succinyl -CoA to succinate
c.conversion ofNADH to ATP.
d.conversion of phosphologlycerate to phosphoenolpyruvate.
14. Briefly outline how ATP is generated from glucose in the absence of oxygen. What is the importance of this pathway?
15. Briefly explain the process by which excess dietary carbohydrates and lipids are stored in the human body
Answer approved2$1
Financial Math
Q197948
Deadline: 03.06.21, 14:15
Bonita intends to open a small fabric shop and borrows the money for it from her aunt Magda. Bonita feels that she will only be able to start repaying her debt after three years. Bonita will then pay aunt Magda R105 000 per year for five years. Money is worth 19,5% per year.
The present value of Bonita’s debt at the time she will start paying aunt Magda back is
[1] R408 978,93.
[2] R317 500,78.
[3] R222 924,04.
[4] R525 000,00.
[5] R436 649,07.
Answer:
gggggggggggggggggggg
Which of these is a sign that you’re dealing with someone engaged and unfair lending
Answer:
One of the biggest warning signs of predatory lending is high, three-digit interest rates. For example, rates of 400% APR are typical on payday loans and car title loans. However, some lawmakers seek to cap interest rates at 36% to keep loans affordable for borrowers.
If investing can bring higher returns why should someone put money in a savings account at all?
Answer:
Because you take risks when you invest
Explanation:
Ideally, someone should both invest and have some money aside on a saving account (in case of emergency for instance).
First of all, because you should never put all your eggs in the same basket.
Then, because any investment involve a certain level of risk, so you should not invest any amount you are not ready to lose.
MC Qu. 123 The ending inventory of finished... The ending inventory of finished goods has a total cost of $9,800 and consists of 700 units. If the overhead applied to these goods is $3,726, and the overhead rate is 81% of direct labor, how much direct materials cost was incurred in producing these units
Answer:
$5,200
Explanation:
Given the above information,
Direct labor = $3,726 / 0.81 = $4,600
But,
Total cost = Direct material + Direct labor + Overhead
Fixing the values, we'll have
$9,800 = Direct materials + $4,600 + $3,726
Direct materials = $9,800 - $4,600
Direct materials = $5,200
Therefore $5,200 raw materials cost was incurred in producing these units.
5.Which of the following is a valid Excel formula?
a) =C4*D4
b) B4*D4
c) Both =C4* and B4*D4
d) Neither =C4* nor B4*D4
Suppose that 57% of all people with credit records improve their credit rating within three years. Suppose that 22% of the population at large have poor creditratings within three years. What percentage of then people who will improve their credit records within the next three years are the ones who currently have good credit ratings? ratings, and of those only 25% will improve their credit
Answer:
(a) The percentage of people currently have poor credit ratings and will improve their credit records within the next three years is 12.54%.
(b) The percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings is 44.46%.
Explanation:
Note: This question is not properly arranged. It is therefore, properly rearranged before answering the question as follows:
Suppose that 57% of all people with credit records improve their credit ratings within three years. Suppose that 22% of the population at large have poor credit records, and of those only 25% will improve their credit ratings within three years. (a) What percentage of people currently have poor credit ratings and will improve their credit records within the next three years? (b) What percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings?
The explanation of the answers is now provided as follows:
Based on the question, we have:
Percentage that improve credit rating = 57%
Percentage that do NOT improve credit rating = 100% - Percentage that improve credit rating = 100% - 57% = 43%
Percentage with poor credit rating = 22%
Percentage with good credit rating = 100% - Percentage with poor credit rating = 100% - 22% = 78%
Therefore, we have:
(a) What percentage of people currently have poor credit ratings and will improve their credit records within the next three years?
Percentage with poor credit rating that will improve credit records = Percentage with poor credit rating * Percentage that improve credit rating = 57% * 22% = 12.54%
Therefore, the percentage of people currently have poor credit ratings and will improve their credit records within the next three years is 12.54%.
(b) What percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings?
Percentage with good credit rating that will improve credit rating = Percentage that improve credit rating * Percentage with good credit rating = 57% * 78% = 44.46%
Therefore. the percentage of the people who will improve their credit records within the next three years are the ones who currently have good credit ratings is 44.46%.
After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals of the debit and credit columns show debits of $28,480 and credits of $38,055. This indicates that a.the company has a net income of $9,575 for the period. b.neither net income or loss can be calculated because it is found on the income statement c.the amounts are out of balance and need to be corrected. d.the company has a net loss of $9,575 for the period.
Answer:
This indicates that
d.the company has a net loss of $9,575 for the period.
Explanation:
a) Data and Calculations:
Total debits of the balance sheet (assets) = $28,480
Total credits of the balance sheet (liabilities + equity) = $38,055
Difference (net loss) = $9,575 ($38,055 - $28,480)
b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal. This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.
Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). He is indifferent between the bundles: A=(2W,1P) and B=(1W,2P). He is offered a third bundle C=(1.5W,1.5P). Based on the preference assumptions, what might we say about Dana's preferences for C relative to A or B?A. Dana might prefer C to A, and C to B.B. Dana might prefer C to A, and A to B.C. Dana might prefer C to A, and B to C.D. Dana might prefer A to C, and B to C.E. Dana might be indifferent between C, A, and B.
Answer:
The correct option is Dana might be indifferent between C, A, and B.
Explanation:
Note: See the attached photo for the indifference curve showing points A, B and C.
The answer can be explained using an indifference curve.
An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.
In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.
Therefore, the correct option is Dana might be indifferent between C, A, and B.
Machines J and K have the following investment and operating costs: Year 0 1 2 3 J 11000 1200 1300 K 13000 1200 1300 1400 Which machine is a better buy at a WACC of 10.5%
Answer:
Machine K
Explanation:
The values can be better computed as:
Year 0 1 2 3
J 11000 1200 1`300
K 13000 1200 1300 1400
Using the PV Calculator
The Present Value (PV) for each year in Machine J is as follows:
Cashflow Year Present Value
11000 0 11000
1200 1 1085.97
1300 2 1064.68
Total 13,150.65
The effective annual cost = [tex]\dfrac{NPV\times r}{1-(1+r)^{-n}}[/tex]
[tex]=\dfrac{13150.65 \times 0.1050}{1-(1+0.1050)^{-2}}[/tex]
= $7628.16
Using the PV Calculator
The Present Value (PV) for each year in Machine K is as follows:
Cashflow Year Present Value
13000 0 13000
1200 1 1085.97
1300 2 1064.68
1400 3 1037.63
Total 16,188.28
The effective annual cost = [tex]\dfrac{NPV\times r}{1-(1+r)^{-n}}[/tex]
[tex]=\dfrac{16188.28 \times 0.1050}{1-(1+0.1050)^{-3}}[/tex]
= $6566.92
Therefore, machine K is better to buy than machine J.
Walt Bach Company has accumulated the following budget data for the year 2019.
Sales: 40,000 units, unit selling price $55.
Cost of one unit of finished goods: Direct materials 2 pounds at $5 per pound, direct labor 1.5 hours at $16 per hour, and manufacturing overhead $6 per direct labor hour.
Inventories (raw materials only): Beginning, 10,000 pounds; ending, 15,000 pounds.
Selling and administrative expenses: $200,000.
Income taxes: 30% of income before income taxes.
Instructions
(a) Prepare a schedule showing the computation of cost of goods sold for 2013.
(b) Prepare a budgeted income statement for 2013.
Answer:
Walt Bach Company
a) Schedule of Cost of Goods Sold
Direct materials = $400,000 (2*$5*40,000)
Direct labor = 960,000 (1.5*$16*40,000)
Manufacturing overhead = 360,000 ($6*60,000)
Total cost of goods sold = $1,720,000
b) Budgeted Income Statement for 2013
Sales Revenue $2,200,000
Cost of goods sold (1,720,000)
Gross profit $480,000
Selling and admin. exp. 200,000
Income before tax $280,000
Income tax (30%) (84,000)
Net income $196,000
Explanation:
a) Budget Data and Calculations:
Sales: 40,000 units, unit selling price $55, Revenue = $2,200,000
Cost of one unit of finished goods:
Direct materials 2 pounds at $5 per pound = $400,000 (2*$5*40,000)
Direct labor 1.5 hours at $16 per hour = $960,000 (1.5*$16*40,000)
Manufacturing overhead $6 per direct labor hour = $360,000 ($6*60,000)
Inventories (raw materials only):
Beginning, 10,000 pounds;
Ending, 15,000 pounds.
Selling and administrative expenses: $200,000.
Income taxes: 30% of income before income taxes.
Rules of Debit and Credit The following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit. Increase Decrease Normal Balance Balance sheet accounts: Asset Credit Liability Credit Stockholders' equity: Common Stock Credit Retained Earnings Credit Dividends Debit Credit Income statement accounts: Revenue
The table represents the normal debit balance of the following accounts also the increment or decrement related to these accounts is as follows:
The following information should be considered:
The asset, dividend & expenses contains the normal debit balance. And, the liability & equity should contain the normal credit balance.Particulars Increase decrease normal balance
Asset debit credit debit
liability credit debit credit
common stock credit debit credit
retained earnings credit debit credit
dividend debit credit debit
revenue credit debit credit
expense debit credit debit
In this way, the above table should be presented.
Learn more about the debit here: brainly.com/question/12269231
J&H Corp. recently hired Jeffrey. His immediate mandate was to analyze the company. He has to submit a report on the company's operational efficiency and estimate potential investment in working capital. He has the income statement from last year and the following information from the company's financial reports as well as some industry averages.
Last year, J&H Corp. reported a book value of $500 million in current assets, of which 20% is cash, 22% is short-term investments, and the rest is accounts receivable and inventory
The company reported $425.0 million of current liabilities including accounts payable and accruals. Interestingly, the company had no notes payable claims last year. There were no changes in the accounts payables during the reporting period
The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of $800 million in long-term assets last year
Income Statement For the Year Ended on December 31 (Millions of dollars)
Industry &H Corp Average $4,875 3,900 195 4,095 $780 Net sales $3,900 3,120 156 3,276 $624 62 $562 225 $337 Operating costs, except depreciation and amortization Depreciation and amortization Total operating costs Operating income (or EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes (40%) Net income $663 265 $398
Based on the information given to Jeffrey, he submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Which of the following statements in his report are true?
a. The company is using-$35.0 million in net operating working capital acquired by investor-supplied funds
b. J&H Corp.'s NOPAT is $374.4 million, which is lower than the industry average of $468.0 million
c. J&H Corp. has $110.0 million in nonoperating assets.
d. The firm uses $765.0 million of total net operating capital to run the business.
e. J&H Corp.'s net operating working capital is $75.0 million.
Answer:
c. J&H Corp. has $110 million in non operating assets.
e. J&H Corp's net operating working capital is $75 million.
Explanation:
NOPAT = EBIT ( 1 - Tax)
Tax is 40%
NOPAT = 663 * 60% = $698
Total currents assets $500 million and long term assets are 800 million.
The non Operating assets are 22% which is $110 million.
Net operating working capital = Current assets - Current liabilities
Net operating Working capital = 500 - 425 = $75 million.
Following the imposition of a price floor $2 above the equilibrium price, irate buyers convince Congress to repeal the price floor and to impose a price ceiling $1 below the former price floor. The resulting shortage is
Answer:
$3
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied
Shortage = $12 - $9 = $3
Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $99,350, an estimated residual value of $5,100, and an estimated useful life of 10 years. What is the amount of the annual depreciation computed by the straight-line method
Answer:
See below
Explanation:
Given the above, straight line method of annual depreciation is
= Cost of purchase - Residual value / Number of useful life
Cost of purchase = $99,350
Residual value = $5,100
Number of useful life = 10
= $99,350 - $5,100 / 10
= $94,250 / 10
= $9,425
Therefore, the amount of annual depreciation computed by the straight line method is $9,425
Fallow Corporation has two separate profit centers. The following information is available for the most recent year: West Division East Division Sales (net) $390,000 $540,000 Salary expense 45,000 59,000 Cost of goods sold 137,000 251,000 The West Division occupies 9,750 square feet in the plant. The East Division occupies 5,850 square feet. Rent, which was $ 78,000 for the year, is an indirect expense and is allocated based on square footage. Compute operating income for the West Division.
Answer: $159250
Explanation:
The operating income for the West Division will be calculated thus:
Sales = $390000
Less: Cost of goods sold = $137000
Less: Salary = $45000
Less: Rent = $48750
Operating Income = $159250
Rent was calculated as:
= $78000 × 9750/(9750 + 5850)
= $78000 × 9750/15600
= $48750
Mystery, Inc. is contemplating selling bonds. The issue is to be composed of 800 bonds, each with a face amount of $750. How much is Mystery, Inc. able to borrow (in total) if each bond is sold at 95% of par
Answer:
$570,000
Explanation:
Calculation to determine How much is Mystery, Inc. able to borrow (in total) if each bond is sold at 95% of par
Using this formula
Total Amount borrowed=Bonds*Face value*95% of par
Let plug in the formula
Total Amount borrowed=800*$750*0.95
Total Amount borrowed=$570,000
Therefore the amount the Mystery, Inc. will be able to borrow (in total) if each bond is sold at 95% of par is $570,000
Northwest Hospital is a full-service hospital that provides everything from major surgery and emergency room care to outpatient clinics.
Required:
For each of the following costs incurred at Northwest Hospital, indicate whether it would most likely be a direct cost or an indirect cost of the specified cost object by listing the number and a "D" for direct or an "I" for indirect. For example: 1D, 2D, etc.
a. The wages of pediatric nurses / The pediatric department
b. Prescription drugs / A particular patient
c. Heating the hospital / The pediatric patient
d. The salary of the head of pediatrics / The pediatric patient
e. The salary of the head of pediatrics / The particular pediatric patient
f. Hospital chaplain's salary / A particular patient
g. Lab tests by outside contractor / A particular patient
h. Lab tests by outside contractor / A particular department
Answer:
Northwest Hospital
aD
bD
cI
dI
eI
fI
gD
hD
Explanation:
Direct costs are costs that are directly traceable to the production of goods and services and can be identified with a unit of production. While direct costs are usually variable, some direct costs can be fixed.
Indirect costs are costs that support the operation of the company. They cannot be traced to any unit of production. Similarly, some indirect costs are variable while others are fixed.
Forte Co., had 5,900 units of work in process on April 1 that were 70% complete. During April, 18,000 units were started and as of April 30, 5,400 units that were 40% complete remained in production. How many units were completed during April
Answer:
18,500 units
Explanation:
We simply use the physical units to determine the units completed
Units completed = Units in opening inventory + units started - units in ending inventory
therefore,
Units completed = 5,900 + 18,000 - 5,400 = 18,500
therefore,
Units completed during April amount to 18,500
Last year Baron Enterprises had $350 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity last year. In millions, by how much could Baron's sales increase before it is required to increase its fixed assets
Answer:
$188.46 million
Explanation:
Firstly, calculate sales at full capacity
Sales at full capacity = Sales at current capacity / % of capacity
Sales at full capacity = $350 million / 0.65
Sales at full capacity = $538.46 million
Increase in sales without increase in fixed assets = Sales at full capacity - Sales at current capacity
Increase in sales without increase in fixed assets = $538.46 million - $350 million
Increase in sales without increase in fixed assets = $188.46 million
How will new entrants in the perfect competitive market impact on the
profit levels of existing businesses?
Answer:
negative
Explanation:
as the profits are determined by the quantity it will lead to many competitor's
Zhang Industries is preparing a cash budget for June. The company has $29,500 cash at the beginning of June and anticipates $98,000 in cash receipts and $122,540 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $23,000 cash balance.
Answer:
Amount to be borrowed $18,040
Explanation:
The computation of the amount that should be borrowed is given below:
Opening cash balance $29,500
Add Cash Receipts $98,000
Less Cash Disbursements -$122,540
Balance before adjustment $4,960
Desired ending cash balance $23,000
Amount to be borrowed $18,040
The majority of the public would consider it unethical to increase executive salaries significantly while minimum wage employees struggle to pay basic bills, making Walmart’s pay decisions partly dependent on Multiple Choice social consensus. magnitude of consequences. temporal immediacy. concentration of effect. probability of effect.
Answer:
social consensus
Explanation:
Social consensus determined how much agreement should be there due to which the act i.e. proposed should become non-ethical. Also it represent the dimension of the social pressure that should be applied for gauge the moral intensity
So as per the given situation, the above should be the answer and the same should be considered
significant of working capital
Answer:
Working capital serves as a metric for how efficiently a company is operating and how financially stable it is in the short-term. The working capital ratio, which divides current assets by current liabilities, indicates whether a company has adequate cash flow to cover short-term debts and expenses.Explanation:
www.investopedia.com > answers#CARRYONLEARNINGUnder the concepts of the time value of money, you can determine the current, or present, value of a cash receipt or payment that will occur at some specified time in the future, given a specified rate of interest. This technique can be used to calculate the present value of a single or a series of future receipts or payments. Abigail and Caleb are walking after class between the library and the best pizzeria near campus. They’re discussing Dr. Johnson’s latest financial management lecture, which addressed the concept of present value and the process for calculating it. In anticipation of tomorrow’s quiz, they’ve decided to review their lecture notes and the textbook materials and then practice one or two problems. Complete the missing information in the conversation that follows. CALEB: So, what is a present value, and why is it important to be able to calculate it? ABIGAIL: According to Dr. Johnson, an asset’s present or value is the current value of the cash flows that it will pay or receive in the future.
Answer:
Discounted value
Explanation:
From Abigail's speech, the present value or the discounted value of an asset is the current value of the cash flows which are to be paid or gotten at a date in the future.
The reason discounted is the answer is because cash flows in the future have to be brought to a date in the present. Instead of compounding, it is better to discount since compounding raises present value when placed side by side with future value.
Journalize the six December 31 adjusting entries for Cole Designs that adjusted the accounts to arrive at the financial statements in the Adjusted Financial Statements panel. Refer to the Chart of Accounts for exact wording of account titles. Journalize each adjustment as a separate entry.
Cole Designs
Income Statement
For the Year Ended December 31, 2018
Fees earned $77,000.00
Expenses:
Wages expense $47,200.00
Supplies expense 3,515.00
Insurance expense 2,900.00
Depreciation expense 2,000.00
Total expenses 55,615.00
Net income $21,385.00
CHART OF ACCOUNTS
Cole Designs
General Ledger
ASSETS
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation-Equipment
LIABILITIES
Wages Payable
Unearned Fees
EQUITY
Ann Cole, Capital
Ann Cole, Drawing
REVENUE
Fees Earned
EXPENSES
Wages Expense
Supplies Expense
Insurance Expense
Depreciation Expense
Answer:
1- Accounts Receivable (Dr.) $500
Fees Earned (Cr.) $500
2- Unearned Fees (Dr.) $4,500
Accounts Receivable (Cr.) $4,500
3- Insurance Expense (Dr.) $1,600
Prepaid Insurance (Cr.) $1,600
4- Depreciation Expense (Dr.) $1,700
Accumulated Depreciation (Cr.) $ 1,700
5- Office Supplies Expense (Dr.) $3,530
Office Supplies (Cr.) $3,530
6- Wages Expense (Dr.) $1,850
Wages Payable (Cr.) $1,850
Explanation:
Adjusting entries are prepared at the month end to adjust the transaction which occur after the recording or if there is any change in already recorded transaction. The liabilities and assets accounts are adjusted at the month end to reflect true expense or liability.
2x + y= 4 find the value of y using substitution method
Answer:
Correct option is
A
11
−4
and
11
−10
x+4y=−4 ------- (1)
2x−3y=2 ------ (2)
From equation 1:
4y=−4−x
y=
4
−4−x
Substitute the value of y in equation 2:
2x−3y=2
2x−3(
4
−4−x
)=2
8x+12+3x=8
11x=812
11x=−4
x=
11
−4
Now, Substitute x=
11
−4
in equation 1:
x+4y=−4
11
−4
+4y=−4
−4+44y=−44
44y=−44+4
44y=−40
y=
44
−40
=
11
−10
Therefore the solution is: x=
11
−4
and y=
11
−10
During the busiest season of the year, your customer support center receives a higher call volume than planned. However, you can't hire more staff. how would you address the extra volume?
A tell your team to take their calls more quickly
B split shifts with the management team to take on some of the extra volume
C mandate that everyone on the team works overtime
On the product continuum, a system falls in the area of low volume and low standardization, but it is NOT at the extreme left (lowest) point. Based on this, which process is recommended for producing the system
Answer: Batch
Explanation:
Batch processing refers to the method whereby high-volume, and repetitive data jobs are being run. The batch method enables the users to be able to process data when there's availability of computing resources and there's minimal user interaction.
From the question, since the system falls in the area of low volume and low standardization, but isn't at the extreme left (lowest) point, then the batch processing is recommended.