Answer:
b. 57.69
Explanation:
Calculation for what price that you will get a margin call
First step
200 shares *$25 per share=$10,000
Second step
Based on the information given we are required to post a 50% margin on the short sale.
Now let find the 50% margin
50% margin =50%*$10,000
50% margin=$5,000
Hence,
$10,000+$5,000=$15,000
Third step
Based on the information given we were told that the broker requires a 30% maintenance margin.
.30=($10,000-200p)/200p
60p=$15,000-200p
260p= $15,000
Hence
$15,000/260
Price= $57.69
Therefore the price that you will get a margin call will be $57.69
Suppose purchasing power parity holds. If the price level in the United States is 100 dollars per good and the price level in Japan is 250 yen per good, then the nominal exchange rate is ________ yen per dollar.
Answer: 2.5 Yen
Explanation;
The Economic theory of Purchasing Power Parity when held, believes that prices of goods in different countries are the same if their exchange rates are taken into account.
For the above therefore it means that the price of the good is the same in both the US and Japan barring exchange rates.
Exchange rate is;
$100 = ¥250
$1 = 250/100
$1 = ¥2.5
Exchange rate is 2.5 yen per dollar.
Indicate whether each of the following would be added to or deducted from net income in determining net cash flow from operating activities by the indirect method: a. Increase in merchandise inventory b. Increase in prepaid expenses c. Depreciation of fixed assets d. Gain on disposal of fixed assets e. Amortization of patent f. Increase in notes payable due in 120 days to vendors g. Increase in accounts payable h. Decrease in wages payable i. Decrease in notes receivable due in 60 days from customers j. Decrease in accounts receivable k. Loss on retirement of long-term debt
Answer:
The answer is
A - Deducted
B - Deducted
C - Added
D - Deducted
E - Added
F - Added
G - Added
H - Deducted
I - Added
J- Added
K - Added
Explanation:
Rule:
Increase in liability will be added to net income while decrease in liability will deducted from net income.
Increase in asset will be deducted from net income while decrease in asset will be added to net income
A - Deducted
B - Deducted
C - Added
D - Deducted
E - Added
F - Added
G - Added
H - Deducted
I - Added
J- Added
K - Added
Niles believes that the reports are true and does not intend to deceive Prime Business, but does not check the reports before certifying them. Can Niles be held liable to Prime Business
The complete question is:
Niles, an accountant, certifies several audit reports on Optimal Operational Processes, Inc., Nile's client, knowing that the company intends to use the reports to borrow money from Prime Business Lending Company to buy new equipment. Niles believes that the reports are true and does not intend to deceive Prime Business, but does not check the reports before certifying them. Can Niles be held liable to Prime Business?
Answer:
Yes can be held liable
Explanation:
An accountant that certifies audits of a company is expected.to do his due diligence. In this scenario Niles believed that the reports are true without checking them.
This is an act of negligence on Nile's part and he can be held liable for damages resulting from the oversight.
The certified audit report is not only being used by Prime business but other third parties like investors and other stakeholders. Any of these can hold Mike's liable for any misleading information in the audit reports
Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $85,000 with a $7,000 residual value and a ten-year life. The equipment will replace one employee who has an average wage of $20,210 per year. In addition, the equipment will have operating and energy costs of $4,130 per year. Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest whole percent. %
Answer:
17.89%
Explanation:
Calculation Determine the average rate of return on the equipment
Using this formula
Average rate of return =Avarage annual income /Average investment
Where,
Avarage annual income=Annual saving - Annual depreciation- Annual operating costs
Average investment= (Beginning costs + Residual value)÷2
Let plug in the formula
Average rate of return=$20,210 - ($85,000- $7,000)÷10 years-$4,130/($85,000+$7,000)÷2
Average rate of return=$20,210-($78,000÷10)-$4,180/($92,000)÷2
Average rate of return=$20,210-$7,800-$4,180/$46,000
Average rate of return=$8,230/$46,000
Average rate of return=0.1789*100
Average rate of return=17.89%
Therefore the average rate of return on the equipment will be 17.89%
Answer:
18%
Explanation:
This can be calculated as using the formula for calculating the average rate of return as follows:
Average rate of return = Average annual income / Average investment in equipment .................. (1)
To use equation (1), we first calculate the following:
Annual cost saving = $20,210
Annual depreciation = (Equipment cost - Residual value) / Useful number of years = ($85,000 - $7,000) / 10 = $7,800
Annual operating and energy costs = $4,130
Average annual income = Annual cost saving - Annual depreciation - Annual operating and energy costs = $20,210 - $7,800 - $4,130 = $8,280
Average investment in equipment = (Equipment cost + Residual value) / 2 = $46,000
Substituting the values for Average annual income and Average investment in equipment into equation (1), we have:
Average rate of return = $8,280 / $46,000 = 0.18, or 18%
A firm has a total market value of $10 million while its debt has a market value of $4 million. What is the after-tax weighted average cost of capital if the before-tax cost of debt is 10%, the cost of equity is 15%, and the tax rate is 35%
Answer:
11.6%
Explanation:
A firm total market value is $10 million
Its debt has a market value of $4 million
The before-tax cost of debt is 10%
= 10/100
= 0.1
The cost of equity is 15%
= 15/100
= 0.15
The tax rate is 35%
= 35/100
= 0.35
Therefore, the after-tax weighted average cost of capital can be calculated as follows
WACC= 0.4(0.10)(1-0.35) + 0.6(0.15)
= 0.04(0.65) + 0.09
= 0.026 + 0.09
= 0.116×100
= 11.6%
Hence the after-tax weighted average cost of capital is 11.6%
dazzle, inc. produces beads for jewelry making use the journal entry to record production activities for direct labor usage is
Answer:
Debit Work in Process Inventory $180,000; credit Factory Wages Payable $180,000.
Explanation:
The journal entry to record the direct labor usage is shown belwo:
Work in process inventory Dr
To factory wages payable
(Being the direct labor usage is recorded)
For recording this we debited the work in process as it increased the assets and credited the factory wages payable as it also increased the liabilities
Moreover, when the wages is applied in the production level so the respective account is debited and credited
Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 million. Its existing machine was purchased five years ago at a price of $1.8 million; six months ago, Hillsong spent $55,000 to keep it operational. The existing sewing machine can be sold today for $250,000. The new sewing machine would require a one-time, $85,000 training cost. Operating costs would decrease by the following amounts for years 1 to 7:
Year 1 $390,000
2 400,000
3 411,000
4 426,000
5 434,000
6 435,000
7 436,000
The new sewing machine would be depreciated according to the declining-balance method at a rate of 20%. The salvage value is expected to be $400,000. This new equipment would require maintenance costs of $100,000 at the end of the fifth year. The cost of capital is 9%.
Instructions
Use the net present value method to determine whether Hillsong should purchase the new machine to replace the existing machine, and state the reason for your conclus
Answer:
NPV = 37,599 Negative
Explanation:
We can calculate the NPV of the new sewing machine by deducting the Present value of future cash inflows by Investment
Initial investment = Machine cost + Training cost - Salvage value
Initial investment = 2,450,000 + 85,000 - 250,000
Initial investment = 2,285,000
Year DF(9%) Present Value
1 Cash inflow 390,000 x 0.917 $357,798
2 Cash inflow 400,000 x 0.842 $336,672
3 Cash inflow 411,000 x 0.772 $317,367
4 Cash inflow 426,000 x 0.708 $301,789
5 Cash inflow 334,100 x 0.650 $217,077 (434,100 - 100,000)
6 Cash inflow 435,000 x 0.596 $259,376
7 Cash inflow 436,000 x 0.547 $238,507
7 Salvage value 400,000 x 0.547 $218,814
Present Value of cash inflow $2,247,401
Initial investment $2,285,000
NPV ($2,247,401 - $2,285,000) (37,599)
Conclusion: Hillsong should not purchase the new machine as the NPV of the machine is negative
Liam had an extension built onto his home. He financed it for 48 months with a loan at % APR. His monthly payments were . How much was the loan amount for this extension?
Answer:
The loan is $31,694.73
Explanation:
The complete question is as follows;
Liam had an extension built onto his home. He financed it for 48 months with a loan at 5.75.7% APR. His monthly payments were $740. How much was the loan amount for this extension?
solution
We proceed as follows;
From the question, we have the following terms:
Rate = 5.7%
The monthly rate is thus;
Monthly rate = 5.7% / 12 = 0.475%
Mathematically;
Loan = Annuity * [1 - 1 / (1 + r)^n] / r
Loan = 740 * [1 - 1 / (1 + 0.00475)^48] / 0.00475
Loan = 740 * [1 - 0.796554] / 0.00475
Loan = 740 * 42.830712
Loan = $31,694.73
Lewis Company’s standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of $12.50 per hour. During August, 42,600 hours of labor are incurred at a cost of $12.65 per hour to produce 13,200 units of Product DD.
A. Compute the total labor variance.
B. Compute the labor price and quantity variances.
C. Compute the labor price and quantity variances, assuming the standard is 3.5 hours of direct labor at $12.85 per hour.
Answer:
a. $10,890 Favorable
b. The labor price variance and quantity variance are $6,300 Favorable and $4,500 Favorable respectively.
c. The labor price and quantity variance is $8,520 Unfavorable and $46,260 Unfavorable respectively.
Explanation:
a. The computation of Total labor variance
= (Actual hours × Actual rate) - (Standard hours × Standard rate)
= (42,600 × $12.65) - ( 13,200 units × 3.2 × $12.5)
= $538,890 - $528,000
= $10,890F
b. The computation of the Labor price variance
= Actual hours × ( Actual rate - Standard rate)
= 42,600 × ( $12.65 - $12.5)
= 42,000 × $0.15
= $6,300 F
The computation of Labor quantity variance
= Standard rate × ( Actual hours - Standard hours)
= $12.5 per hour × ( 42,600 hours - 42,240 hours )
= $12.5 per hour × 360 hours
= $4,500 F
c. The computation of Labor price variance
= Actual hours × ( Actual rate - Standard rate)
= 42,600 × ( $12.65 - $12.85 )
= 42,600 × - $0.2
= $8,520 Unfavorable
The computation of Labor quantity variance
= Standard rate × ( Actual hours - Standard hours)
= $12.85 per unit × ( 42,600 hours - 46,200 hours)
= $12.85 per unit × - $3,600
= $46,260 Unfavorable.
The manager of a commercial building has many responsibilities in connection with the operation and maintenance of the structure. The manager would normally be considered the agent of
Answer:
agent of the building's owner
Explanation:
In such a scenario, the manager would normally be considered the agent of the building's owner. This is because the manager acts on behalf of the building owner since all of the tasks that they are responsible for have been specified by the owner and benefit the owner. Also, the manager deals with the building's tenants on behalf of the owner so that he does not have to take time out of his day to do so.
After analyzing its own resources and unique abilities, a company is now trying to determine what group of customers it can satisfy with a good or service. It is in the process of choosing a
Answer: target market
Explanation: A target market is simply a group of people whose needs and preferences match the product range of a company and to whom those products are marketed, often times actively. As such, when the resources and unique abilities of a firm has been analysed, and is now in the process of determining what group of customers it can satisfy with a good or service, then it is in the process of choosing a target market.
3. “The International Monetary Fund (IMF) and the World Bank are two institutions that have outlived their usefulness”. Do you agree?
Answer:
“The International Monetary Fund (IMF) and the World Bank"
Have they outlived their usefulness?
No.
The IMF and the World Bank have not outlived their usefulness. They remain very useful and relevant to our world today. The problem they have experienced stem in part from the neglect of their purposes, because of the near-absence of the grassroot touch. They can refocus on their purposes and reduce elitistism, and then they continue to be useful.
But, they cannot rediscover and concentrate on their purposes without the cooperation of member-countries. Recalcitrancy does not allow any organized institutions without police power to function at their best. Member-countries must learn to cooperate with these bodies to achieve their purposes. There is still global poverty ravaging the world population, even among the rich and developed countries of the world.
In most developing countries, their national governments are traditionally entrenched as anti-developmental. While they make long and meaningless speeches at world fora, back home they do not walk their talk and so often renege on their promises. This is why it seems that the impact of these world bodies are not being felt. National governments must be able to show responsibility to allow the effects of monetary policies and agreements to benefit the poor and the vulnerable.
Explanation:
The World Bank is an international body of the United Nations with about 189 member-countries. It works with developing countries to reduce poverty, increase access to wealth, and promote global prosperity. The IMF is responsible for ensuring that the international monetary system is operational and stable to ginger sustainable global economic growth.
The before-trade domestic price of tomatoes in the United States is $500 per ton. The world price of tomatoes is $400 per ton. The U.S. is a price-taker in the tomatoes market.
If trade in tomatoes is allowed, the United States:______
a) will experience increases in both consumer surplus and producer surplus.
b) may become either an importer or an exporter of tomatoes, but this cannot be determined.
c) will become an exporter of tomatoes.
d) will become an importer of tomatoes.
Answer:
d) will become an importer of tomatoes.
Explanation:
Consumer surplus would increase because the price at which they buy tomatoes would reduce while producer surplus would reduce because the price of tomatoes would reduce as a result of international trade.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.Because the price of tomatoes in the US is greater than the price of tomatoes in the world, when the US begins international trade, it would import tomatoes because it is inefficient in the production of tomatoes.
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
BMM Industries pays a dividend of $2 per quarter. The dividend yield on its stock is reported at 4.8%. What is the stock price?
Murray Motor Company wants you to calculate its cost of common stock. During the next 12 months, the company expects to pay dividends (D1) of $3.00 per share, and the current price of its common stock is $60 per share. The expected growth rate is 8 percent.
a. Compute the cost of retained earnings (Ke). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Cost of retained earnings___%
b. If a $5 flotation cost is involved, compute the cost of new common stock (Kn). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Cost of new common stock ____%
Answer:
a. Compute the cost of retained earnings (Ke)
$60 = $3 / (Ke - 8%)
Ke - 8% = $3 / $60 = 5%
Ke = 13%
b. If a $5 flotation cost is involved, compute the cost of new common stock (Kn).
$60 (1 - $5/$60) = $3 / (Kn - 8%)
$55 = $3 / (Kn - 8%)
Kn - 8% = $3 / $55 = 5.45%
Kn = 13.45%
Flotation costs reduce the amount of money that the company receives for every new stock that it issues, therefore, it increases the cost of new stocks.
Michelle gives out a business card with an e-mail address on it. According to the comments that accompany the UETA, it may be reasonable to infer that Michelle has consented to
Answer:
Explanation:
transact business electronically.
Use the following selected financial information for Wilcox Corporation to answer questions 11-20. Wilcox Corporation Income Statement For the Year Ended December 31, 20XX Net sales $2,870 Cost of goods sold 1,985 Gross profit $ 885 Operating expenses 620 Operating profit $ 265 Interest expense 40 Earnings before taxes $ 225 Income tax expense 80 Net profit $ 145 Wilcox Corporation Balance Sheet December 31, 20XX Assets Liabilities and stockholders' equity Current assets Current liabilities Cash $ 25 Accounts payable $ 85 Short-term investments 15 Accrued liabilities 45 Accounts receivable 70 Total current liabilities 130 Inventory 150 Long-term debt 240 Total current assets 260 Total liabilities 370 Long-term assets Stockholders' equity Net PPE 390 Common stock and PIC 80 Goodwill 210 Retained earnings 410 Total stockholders' equity 490 Total assets $860 Total liabilities and equity $860 WilcoxCorporation Statement of Cash Flow Information For the Year Ended December 31, 20XX Cash from operating activities $150 Investing activities: Capital expenditures $ 60 Acquisitions $ 10 Financing activities: Proceeds from long-term borrowing $ 50 Payments on long-term borrowing $ 25 Payments of cash dividends $ 20 Cash paid for interest $ 10 Cash paid for income taxes $ 75 Wilcox’s average collection period is:
Answer:
Wilcox’s average collection period is 9 days.
Explanation:
The average collection period can be described as how long it takes a company to get paid by the amount of money its clients are owing it in terms of accounts receivable (AR).
Average collection period can be calculated using the following formula:
ACP = (Accounts receivable / Net sales) * 365 days .............. (1)
Where, for this question;
ACP = Average collection period = ?
Accounts receivable = $70
Net sales = $2,870
Substituting the values into equation (1), we have:
ACP = ($70 / $2,870) * 365 days
ACP = 0.024390243902439 * 365 days
ACP = 8.90 days, or approximately 9 days
Therefore, Wilcox’s average collection period is 9 days.
The risk-free rate is 5% and the tangency portfolio has 20% expected return and 40% return standard deviation. A risk-loving investor has $1000 of wealth and she seeks to attain 27.5% expected return. How much money does she need to borrow from the bank? A. 250 B. 500 C. 1500 D. 1000
Answer:
B. 500
Explanation:
Portfolio return = Weighted average return
Let the amount invested in portfolio is x and amount invested in risk free = 1000 - x
27.5% = 20%*x + 5%*(1000-x)
27.5% * 1,000 = 20%x + 50 – 5%x
0.275 * 1,000 = 15%x + 50
275 - 50 = 15%x
225 = 15%x
x = 225 / 0.15
x = $1,500
Hence, the amount of money borrowed = $1,500 - $1000
= $500
What is the yield to maturity of a bond that pays a 6% coupon rate with semiannual coupon payments, has a par value of $1,000, matures in 15 years, and is currently selling for $803
Answer:
Yield to Maturity = 8.11 %
Explanation:
The Yield to maturity is the discount rate that equates then price of the bonds to the present of cash inflows expected from the bond
The yield on the bond can be determined as follows using the formula below:
YTM = C + F-P/n) ÷ 1/2 (F+P)
YTM-Yield to maturity-
C- annual coupon
F- Face Value
P- Current Price
n- years to maturity
YTM-?, C- 6%× 1000 =60, Face Value - 1,000, P-803, n- 15
YTM = (60 + (1000-803)/15) ÷ ( 1/2× (1000 + 803) )
YTM = 0.0811 × 100 = 8.11 %
Yield to Maturity = 8.11 %
The following information was available for the year ended December 31, 2013: Sales $ 520,000 Dividends per share $ 1.36 Net income 74,480 Earnings per share 3.00 Average total assets 820,000 Market price per share at year-end 28.50 Average total stockholders’ equity 380,000 Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2013. (Do not round intermediate calculations and ro
Answer:
Margin ratio = 14.32%
Assets turnover ratio = 63.41%
Return on investment = 9.08%
Explanation:
The computation of margin, turnover, and ROI for the year is shown below:-
Margin ratio = Net income ÷ Sales
= $74,480 ÷ $520,000
= 0.1432
or
= 14.32%
Assets turnover ratio = Sales ÷ Average total assets
= $520,000 ÷ $820,000
= 0.6341
or
= 63.41%
Return on investment = Net income ÷ Average total assets
= $74,480 ÷ $820,000
= 0.0908
or
= 9.08%
The cost of equity is ________. the interest associated with debt the rate of return required by investors to incentivize them to invest in a company the weighted average cost of capital equal to the amount of asset turnover
Answer:
If an = 3n - 2 , find a2
Explanation:
If an = 3n - 2 , find a2If an = 3n - 2 , find a2
Consider the following scenario analysis:
Rate of Return
Scenario Probability Stocks Bonds
Recession 0.20 -5 % 14 %
Normal economy 0.60 15 8
Boom 0.20 25 4
Assume a portfolio with weights of .60 in stocks and .40 in bonds.
a. What is the rate of return on the portfolio in each scenario? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)
b. What are the expected rate of return and standard deviation of the portfolio? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Answer:
a. Rate of Return on the portfolio in each scenario:
Scenario Analysis:
Rate of Return
Scenario Probability Stocks Bonds Return of Return
Recession 0.20 -5 % 14 %
= 0.20((-5% x 60%) + (14% x 40%)) = 0.0052 = 0.5%
Normal economy 0.60 15 8
= 0.60((15% x 60%) + (8% x 40%)) = 0.0732 = 7.3%
Boom 0.20 25 4
= 0.20((25% x 60%) + (4% x 40%) = 0.0332 = 3.3%
Weights 1.00 0.60 0.40
b. Expected rate of return =
Recession = 0.0052
Normal economy = 0.0732
Boom = 0.0332
Total expected returns = 0.1116 = 11.2%
Mean = 3.72% (11.2%/3)
Variance = 0.001168
Standard Deviation = 0.034 = 0.03
Explanation:
a) Data:
Scenario Analysis:
Rate of Return
Scenario Probability Stocks Bonds
Recession 0.20 -5 % 14 %
Normal economy 0.60 15 8
Boom 0.20 25 4
Weights 1.00 0.60 0.40
b) The rate of return for each portfolio is derived by weighing the securities, adding the resultant figures and applying the scenario probability. The expected rate of return is the addition of the returns of all the portfolio under the three scenarios. The step for obtaining the standard deviation is to calculate the mean, the variance, and getting the square root of the variance.
A comparative balance sheet and income statement is shown for Cruz, Inc.
CRUZ, INC. Comparative
Balance Sheets December 31, 2015 2014
Assets
Cash $ 94,800 $ 24,000
Accounts receivable, net 41,000 51,000
Inventory 85,800 95,800
Prepaid expenses 5,400 4,200
Total current assets 227,000 175,000
Furniture 109,000 119,000
Accum. depreciation—Furniture (17,000) (9,000)
Total assets $ 319,000 $ 285,000
Liabilities and Equity
Accounts payable $ 15,000 $ 21,000
Wages payable 9,000 5,000
Income taxes payable 1,400 2,600
Total current liabilities 25,400 28,600
Notes payable (long-term) 29,000 69,000
Total liabilities 54,400 97,600
Equity Common stock, $5 par value 229,000 179,000
Retained earnings 35,600 8,400
Total liabilities and equity $ 319,000 $ 285,000
CRUZ, INC.
Income Statement
For Year Ended December 31, 2015
Sales $ 488,000
Cost of goods sold 314,000
Gross profit 174,000
Operating expenses
Depreciation expense $ 37,600
Other expenses 89,100 126,700
Income before taxes 47,300
Income taxes expense 17,300
Net income $ 30,000
1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2015?
2. Assume that no additional notes payable are issued in 2015. What cash amount is paid to reduce the notes payable balance in 2015?
Answer:
1. $2,800
2. $40,000
Explanation:
1. The computation of cash dividends is paid during 2015 is shown below:-
Retained earnings
Dividend paid $2,800 Beginning balance $8,400
($8,400 + $30,000
- $35,600) Net income $30,000
Total $2,800 $38,400
Ending balance $35,600
Therefore cash dividends is paid during 2015 is 2,800
2. The computation of cash amount is paid to reduce the notes payable balance in 2015 is shown below:-
Notes payable
Cash paid $40,000 Beginning balance $69,000
($69,000 - $29,000)
Total $40,000 $69,000
Ending balance $29,000
Therefore cash amount is paid to reduce the notes payable balance
in 2015 is $40,000
A start-up is expanding overseas and spends an excessive amount of time on
recruiting and hiring activities, hindering its ability to focus on the core aspects of
its business. How can a hHuman Capital Management (HCM) platform provider
benefit this company?
Human capital management platform benefit this company?
A human capital management (HCM) platform can benefit this company in optimizing human resource functions through automation and developing an effective strategy in managing employees.
Some of the advantages of the HCM platform are:
Time reduction of HR activitiesProcessing large volumes of dataIncreased data reliabilityIntegration of employee recordsAssistance in the decision-making processA start-up that is expanding overseas must optimize its processes in order to achieve continuous improvement and total quality.
In a globalized and highly competitive environment, well-structured companies will stand out whose resources are properly managed in order to increase the organization's efficiency and capacity.
Learn more about Human Capital Management here:
https://brainly.com/question/7655172
In Sammy's fast food restaurant, she produces sandwiches, soups, and other items for customers in her town. Which of the following is a fixed input for the production function at Sammy's restaurant?
a) the employees hired to help make the food.
b) the loaves of bread used to make sandwiches.
c) the cans of tomato sauce used to make soups.
d) the dining room where customers eat their meals
Answer:
d) the dining room where customers eat their meals
Explanation:
In the given situation, since it is mentioned there is a Sammy's fast food restaurant that generates the sandwiches, soups, and other items for customers
So based on the options given, the last option should be considered as a fixed input for the production function as the dining room is a fixed plus non-movable item so the same is to be considered
hence, the correct option is d.
Answer:
D
Explanation:
I would say D because you want to give a good impression on your customers so they want to come back and know that you will take good care of them.
Use information from the Washington Post article "Why We've Been Hugely Underestimating the Overfishing of the Oceans" to determine whether each statement is true or false.
a. According to the Food and Agriculture Organization of the United Nations (FAO), worldwide catches peaked in 2001 at 86 million tons.
b. Using catch reconstruction, researchers estimate that the actual peak catch was 50% larger than the reported peak catch.
c, Catch reconstruction shows that, since the peak, catches have been increasing, not decreasing as previously reported.
d. The Sea Around Us Project found several problems with the FAO data, such as the fact that data that were not available were reported as catches of zero fish.
Answer:
"Why We've Been Hugely Underestimating the Overfishing of the Oceans"
Determining whether each statement is true or false:
a. False
b. True
c. False
d. True
Explanation:
The article "Why We've Been Hugely Underestimating the Overfishing of the Oceans," was published by the Washington Post on January 19, 2016. It was written by Chelsea Harvey. It tried to show how the world fish stock had been declining due to overfishing. This is why it provided a report contrary to the FAO report.
While the FAO report noted that the peak of worldwide catches was at 86 million tons in 1996, the contrary and independent report, using "catch reconstruction" showed that the peak was at 130 million tons in 1996. The reconstructed research also showed that worldwide fish catches had suffered declines ever since the 1996 peak, thereby threatening "world food security and marine ecosystems". The contrary report also suggested that all stakeholders must collaborate so that fish stocks can rebuild naturally.
Trevor Company discloses supplementary operating segment information for its three reportable segments. Data for 20X8 are available as follows:
Segment A Segment B Segment C
Sales $500,000 $300,000 $200,000
Traceable operating
expenses 250,000 120,000 90,000
Allocable costs for the year was $180,000. Allocable costs are assigned based on the ratio of a segment's income before allocable costs to total income before allocable costs. The 20X8 operating profit for Segment B was:_______.
A) $180,000.
B) $120,000.
C) $126,000.
D) $110,000.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Segment A Segment B Segment C
Sales $500,000 $300,000 $200,000
Traceable operating expenses 250,000 120,000 90,000
Profit= 250,000 180,000 110,000 = 540,000
Allocable costs for the year was $180,000.
First, we need to allocate costs to Segment B:
Segment B= 180,000/540,000= 0.33
Allocate= 0.33*180,000= 60,000
Now, we can calculate the profit:
Segment B profit= 180,000 - 60,000= 120,000
Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales are budgeted to be $250,000 for March and $280,000 for April, what are the budgeted cash receipts from sales on account for April
Answer:
Total cash collection= $257,500
Explanation:
Giving the following information:
Sales:
March= $250,000
April= $280,000
Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
Cash collection April:
Sales on account from April= 280,000*0.25= 70,000
Sales on account from March= 250,000*0.75= 187,500
Total cash collection= $257,500
During the year, Wright Company sells 500 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction
Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 60 $66 $3,960
May. 5 Purchase 280 69 19,320
Nov. 3 Purchase 230 74 17,020
570 $40,300
Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.
Answer:
$5,180 and $35,120
Explanation:
The computation of the cost of goods sold and the ending inventory is shown below:
There are 500 unit sold so according to that the cost of goods sold is
Jan 1 60 units $66 $3,960
May 5 280 units $69 $19,320
Nov 3 160 units $74 $11,840
Cost of goods sold $35,120
Now the ending inventory is
Since there is a 70 ending inventory units i.e comes from
= 570 units - 500 units
= 70 units
So this should be at $74
i.e $5,180
Beck Kubiak wishes to purchase new appliances for her home. The total cost for the appliances is $2,900. To finance the purchase, Becky must pay 20% down, with the balance being financed with a 24-month installment loan with an APR of 8.5%. Determine Becky's total finance charge and her monthly payment
Answer:
total finance charge = $203.08
her monthly payment = $105.13
Explanation:
The Loan amount = Cost of Appliance - Down Payment
= $2,900 - ($2,900 × 20%)
= $2,320
Change the APR to nominal compounding,
Using a Financial Calculator, this will be :
8.50 % Shift EFF%
12 Shift P/YR
Shift NOM % = 8.19%
Then calculate the monthly payment as follows :
Pv = $2,320
n = 24
p/yr = 12
r = 8.19%
Fv = $0
PMT = ?
Using a Financial Calculator, monthly payment, PMT is $105.13
Total Finance Charge will then be obtained from the amortization schedule from the First Period to the 24th Period and this will be : $203.08.