Answer:
d. excludes personal income taxes
Explanation:
Disposable personal income excludes personal income taxes.
A disposable income can be defined as an amount of money remaining after the deduction of income taxes, and social security fees.
Suppose a campus restaurant increases the number of workers it hires from 2 workers per day to 12 workers per day. As a result, it
total revenue increases from $90 per day to $600 per day.
Assuming that each worker is equally productive, whats the marginal revenue product per day of each additional worker?
Assuming the restaurant is using its resources in a profit-maximizing way, and that each worker works 5 days each week, whats is the current weekly wage rate in the labor market?
Answer:
It will increase 12 workers per day and increase exponentially with 2 workers. It will also increase by $510 every day. The restaurant will gain more profit if each worker continues to keep their current weekly wage rate.
Explanation:
a. The marginal revenue product per day of each additional worker is $51 per day.
b. The current weekly wage rate in the labor market is $255.
a. Marginal revenue product per day
Using this formula
Marginal revenue product=Incremental revenue/Incremental workers
Let plug in the formula
Marginal revenue product=($600-$90)/(12-2)
Marginal revenue product=$510/10
Marginal revenue product=$51 per day
b. Current weekly wage rate
Weekly wage rate=$51×5 days
Weekly wage rate=$255
Inconclusion the marginal revenue product per day of each additional worker is $51 per day and the current weekly wage rate in the labor market is $255.
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What is the yield to maturity on a bond that you purchased for $1,024, assuming that the bond has 18 years to maturity, a par value of $1,000, and a coupon rate of 4.10%
Answer:
YTM = 0.039196 or 3.9196% rounded off to 3.92%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the coupon payment F is the Face value of the bond P is the current value of the bond n is the number of years to maturity
Coupon payment = 1000 * 0.041 = 41
YTM = [ (41 + (1000 - 1024 / 18)) / (1000 + 1024 / 2)
YTM = 0.039196 or 3.9196% rounded off to 3.92%
Advertising is an expenditure that ultimately must be justified in terms of its effect on sales and profits, yet most evaluations of advertising are in terms of the effects on consumer attitudes. How do you account for this apparent mismatch
Answer: Emphasis must be made on sales and profits, with the central position being how the customer perceive this goods
Explanation:
Advertisement should be aimed at improving sales and expanding the market for goods. Advertisement is not just to bring customers but also inform them on updates about products. Although customers attitude are needed, this helps the manufacturer or producer to know feedback on what the market is saying, as this cannot be ignored. Emphasis must be made on sales and profits, with the central position being how the customer perceive this goods.
The apparent mismatch is producers looking solely to what the customers are saying rather than considering profit, market expansion, sales, all surrounded by the customer as the focus
The Geostar Company, leading manufacturer of wireless communication devices, is considering three cost-reduction proposals in ts Setch job-shop manufacturing operations. The company hes already calculated rates of return for the three projects, along with some incremental retes of return, as given in Table.
A denotes the do-nothing alternative. The required investments are $420,000 for A $550,000 for A and $720,000 for A . If the MARR is 15%, what system should be selected?
Incremental Investment Incremental Rate of Return (%)
A1- Ao 18
A2- Ao 20
A3- Ao 25
A2- A1 10
A3- A1 18
A3-A2 23
Answer: Alternative 3 will be selected.
Explanation:
The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.
First compare A1 to A0
The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.
Compare A1 to A2
If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.
Compare A1 to A3
If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.
Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.
A3 will therefore be selected.
Nervous Norman holds 70% of his assets in cash, earning 0%, and 30% of his assets in an insured savings account, earning 2%. The expected return on his portfolio Group of answer choices is 1%. cannot be determined without knowing what the dollar value of his assets is. is 2%. is 0.6% is 0%.
Answer: 0.6%
Explanation:
The expected return is a weighted average of the returns of the assets invested in.
70% is invested in cash which earns 0%
30% is in a savings account earning 2%
Expected return = (70% * 0%) + (30% * 2%)
= 0% + 0.6%
= 0.6%
Select all that apply.
Common writing formats include:
research papers
memos
e-mails
jokes
West Company estimates that overhead costs for the next year will be $3,800,000 for indirect labor and $970,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 106,000 machine hours are planned for this next year, what is the company's plantwide overhead rate?
Answer: $45 per machine hour
Explanation:
Company uses machine hours as its overhead allocation base and there were 106,000 machine hours planned.
The overheads are $3,800,000 for indirect labor and $970,000 for factory utilities.
The rate will therefore be;
= Total Overhead / Machine hours
= (3,800,000 + 970,000) / 106,000
= $45 per machine hour
An investment has an initial cost of $2.7 million and net income of $189,400, $178,600, and $172,500 for Years 1 to 3. The average book value is $1.35 million. Should this project be accepted based on the average accounting rate of return if the required rate is 12.5 percent? Why or why not?
a. Yes, because the AAR is 12.5 percent
b. Yes, because the AAR is less than 12.5 percent
c. Yes, because the AAR is greater than 12.5 percent
d. No, because the AAR is greater than 12.5 percent
e. No, because the AAR is less than 12.5 percent
Answer: c. Yes, because the AAR is greater than 12.5 percent
Explanation:
Average Accounting rate of return = Average Net Income / Average Assets
Average Net income = (189,400 + 178,600 + 172,000) / 3 years
= $180,166.66667
Average Assets = 2,700,000 / 3 years
= $900,000
Average Account rate of return = 180,166.66667/ 900,000
= 20.01%
The AAR at 20.01% is greater than the required rate which is 12.5% so the project should be accepted.
Flores Company, which uses labor hours to apply overhead to manufacturing, may have increased amounts of underapplied overhead at month-end if:
Answer:
employees are hit hard with a widespread outbreak of the flu.
Explanation:
From the question,we are informed about Flor Company, which uses labor hours to apply overhead to manufacturing, may have increased amounts of underapplied overhead at month-end if employees are hit hard with a widespread outbreak of the flu.
The labour hour is those hours that employee needs to work in order to get his/her hourly wage so if employees are hit hard with a widespread outbreak of the flu then
Overhead (Current expenses uses in the running of that particular business at that time ) will reduce.
Taylor G can afford monthly payments of $425 to buy a new car. What price car could Taylor afford to buy with a 66 month loan at an annual interest rate of 4.4%.
Answer:
$24,872.66
Explanation:
Monthly payment= 425.00
Rate of interest = 4.40%
Number of years = 66/12 = 55
Annual Compounding = 12
Present Value is to be calculated
Present Value = Monthly payment * 1 - (1+r/n)^-n*t / r/n
Present Value = 425 * 1 - (1+0.044/12)^-12*5.5 / 0.044/12
Present Value = 24,872.6610
Present Value = $24,872.66
Taylor could afford $24,872.66 to buy the car with a 66 month loan at an annual interest rate of 4.4%.
what is the reward of entrepreneur
Answer:
As an "entrepreneur" you can make money while doing things you like.
Explanation:
You are creating a budger for your new business. What should you include?
A All income and expenses.
B. Faed expenses but not income.
C. Income but mot variable expenses.
D. Fixed and variable expenses but not taxes.
Answer:
I guess the answer is first(A)
Which action might be considered an unethical response to a customer's
negative online review?
A. Reply to the complaint online explaining why the customer was
wrong.
B. Ask employees to ask friends who have used the product if they
would write a review.
C. Issue an apology to the customer in the comment section of the
review
D. Offer the customer money or product to remove it.
Answer:
d.
Explanation:
Offering the customer money or a product to remove that action might be considered an unethical response to a customer's negative online review. The correct option is D.
How do you deal with unethical behavior?Begin by informing new employees of the rules during orientation. Ensure that all new employees are conscious of the repercussions of policy violations. If an employee violates the code of conduct, refer to the code of conduct and take the necessary steps to warn or terminate the employee.
Ethical marketers understand emotions, while unethical marketers take advantage of them. This unethical marketing practice may include intentionally instilling rage or sadness in order to manipulate consumer decisions, employing fear tactics, targeting the poor, or duping customers into purchasing a product or service.
Thus, the ideal selection is option D.
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ne
To help solve this problem, the expert in this passage
suggests that consumers
A.recycle their old cell phones.
B.stop purchasing cell phones.
C.refuse to buy cell phones made with coltan.
D.avoid using cell phones made in the Congo.
Answer:A. Recycle their old cell phones
Explanation:just took the test on edgeunity
Company Y's bonds make semi-annual coupon payments of $55 each, have a par value of $1000, a current price of $1198.02, and a YTM of 7.5%. How many years until the bonds mature?
Answer:
7.5 years
Explanation:
Calculation for how many years until the bonds mature
First step is to find the Number of periods using financial calculator:
I/Y = 7.5/2 = 3.75
PV = -1198.02
PMT = 55
FV = 1,000
Press CPT, then N, which will gives us 15
Number of periods = 15
Second Step is to calculate the number of years to maturity
Using this formula
Number of years to maturity = Number of periods / Number of compounding periods in a year
Let plug in the formula
Number of years to maturity= 15/2
Number of years to maturity= 7.5 years
Therefore how many years until the bonds mature will be 7.5 years
At August 31, 2022, Carla Vista Company has this bank information: cash balance per bank $10,690; outstanding checks $840; deposits in transit $1,800; and a bank service charge $30. Determine the adjusted cash balance per bank at August 31, 2022.
Answer:
$11,650
Explanation:
The adjusted cash balance per bank at August 31 2022 is calculated as;
= Cash balance per bank - Outstanding checks + Deposits in transits
Given that;
Cash balance per bank = $10,690
Outstanding checks = $840
Deposits in transits = $1,800
= $10,690 - $840 + $1,800
= $11,650
Therefore the adjusted cash balance per bank is $11,650. It means that the cash balance per bank statement has to be adjusted to accommodate outstanding checks and deposits in transit. For outstanding checks , they are checks that have not yet been found on the bank statement , while deposits in transit are those deposits, that have not yet been found or appear on the bank statement.
Business forms that have unlimited personal liability include
Answer:
sole proprietorship and partnership
Explanation:
They both have unlimited personal liability
True or false: The main purpose of managerial accounting is to provide general-purpose financial statements
Answer:
False
Explanation:
managerial accounting is simply the sorting or gathering/preparing of accounting information that is to be used within a company. It help to ensure the organization's goals are met effectively and efficiently.
Functions of Management Accountant includes Planning(deciding on the long-term direction of the company e.g. making budget)
While the industry for 5G compatible devices is in the introduction stage, the industry for 3G compatible devices are in the maturity stage. What does this imply?
A. The 5G compatible devices industry will focus on process innovation, whereas the 3G compatible devices industry will focus on product innovation.
B. The market for 3G compatible devices has reached its maximum size, whereas the market for 5G compatible devices is still small in size.
C. The 3G compatible devices is likely to focus on achieving market acceptance, while the 5G compatible devices industry is likely to focus on the harvest strategy.
D. The 5G compatible devices industry will focus on pursuing an integration strategy, while the 3G compatible devices industry will focus on pursuing a differentiation strategy
Redwood Corp. follows a business model in which the performance of the company is not only based on how much profits were generated, but also on how the community in general benefited from its operations. Thus, the company under its "Plant a Life" campaign promises to plant a tree with every customer purchase. Which of the following terms best describes the performance valuation model of Redwood Corp.?
A. social entrepreneurship
B. offshoring
C. crowdsourcing
D. corporate intrapreneurship
If you had a business that was growing but you needed a rather large infusion of cash to expand the business to meet demand (if you don't the demand will likely be met by competitors or open the door to new competitors) which type of financing would you choose and why? There is also the possibility of equity (stock) financing. The key is that if we finance a business by selling stock (equity financing) we give up some or a lot of control over the business.
Answer:
I would choose equity financing.
Explanation:
The reason is that in the first stages of a business, it is hard to obtain debt financing, even if the company is growing, because financial institutions assess risk, but also corporate perfomance in terms of liquidity, profitability, and efficiency, and these assessments may not be good enough in a young company for a financial institution to approve the loan.
For this reason, equity financing becomes a better alternative, even if some control of the company has to be given away. In order to reduce such control loss, a mix of common stock and preferred stock could be issued, with preferred stock holders having more entitlements to dividends, but no entitlements to corporate control.
If the following projections have been made, what is the projected ending cash balance?
Cash sales, $380,000
Beginning cash balance, $30,000
Operating expenses of $420,000, including depreciation of $20,000
Interest expense of $12,000 is included in operating expenses
Borrowing $50,000
End-of-period accrued liabilities of $20,000 for operating expenses
a. $80,000
b. $40,000
c. $52,000
d. $48,000
Answer:
a.$80,000
Explanation:
Calculation for what is the projected ending cash balance
Using this formula
Ending cash balance = Beginning cash Balance + Cash sales + Borrowing Amount- (Operating expenses paid)
Let plug in the formula
Ending cash balance=$30,000 +$380,000+$50,000-($420,000-$20,000-$20,000)
Ending cash balance=$460,000-$380,000
Ending cash balance= $80,000
Therefore the Ending cash balance will be $80,000
In year 2008, Janet's firm is using a two stage dividend discount model (DDM) to find the intrinsic value of Smile White Co. Let the risk free interest rate is 4.5% and expected return of market is 14.5% and beta of the Smile White Co. is 1.15. In 2008, dividend per share is $1.72 for the company. Dividends are expected to grow at a rate of 12% per year for the next three years till 2011. After 2011 dividend growth rate will be at constant rate 9% per year indefinitely.
A. Calculate the required return by the market for Smile White Co. stock.
B. What was the intrinsic value of Smile White Co. stock when the analyst was evaluating the stock (that is in year 2008)?
Problem 2 (continued)
C. If the price of Smile White Co. was $35.00 at the time of this evaluation process in year 2008, was the stock overpriced or underpriced security considering the intrinsic value obtained by the two-stage DDM. What should be the trading strategy based on the evaluation.
Answer:
janet
Explanation:
its janet i think so
Hildagard, an architect, earns $415,000 from her practice. She also receives $32,000 in dividends and interest from various portfolio investments. During the year, she pays $100,000 to acquire a 30% interest in a partnership that produces a $560,000 loss for the year. She has $20,000 of passive income from other sources. Compute Hildagard's AGI, assuming that:
a. She does not participate in the operations of the partnership. In this case, Hildagard's AGI is $ _________
b. She is a material participant in the operations of the partnership. In this case, Hildagard's AGI IS $ _________
Answer:
a) Hildagard's AGI = $415,000 + $32,000 = $447,000
b) Hildagard's AGI = $415,000 + $32,000 - ($560,000 x 30%) + $20,000 = $299,000
Explanation:
The maximum deduction for passive losses is $25,000 if your MAGI is lower than $100,000 and then it phases out completely if your MAGI is $150,000 or more.
Since Hildagard's income is much higher than $150,000, then she will not be able to deduct any passive losses (at least not this year). Passive losses will still offset any passive gains though.
If Hildagard materially participated in the partnership, then the losses can be deducted from her AGI.
what tax event must take place when a taxpayer receives a Form 1099-A?
A market economy is not based on _____.
a vote
having no choices
personal choice
the public
Answer:
Personal choice
Explanation:
A market economy is not based on personal choice. Thus the correct option is C.
What is the Economy?The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.
In a free market, the manufacturing of goods and services is controlled by supply and demand principles. It is not centralized and is instead governed by the availability and demand for products and services.
A market economy is said to be a free market or not based on any personal choice as it is determined by the availability of goods and services in the market but customers can influnece the demand for a particular product.
Therefore, option C is appropriate.
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Chrissie and Mirinda want to form a corporation. Chrissie contributes property worth $750,000 and a basis of $500,000 in exchange for stock worth $750,000 and Mirinda contributes services in exchange for stock worth $250,000.
Does this qualify as a good Section 351 transaction?
What gain does Chrissie Recognize?
What gain does Mirinda recognize?
Answer:
a. Does this qualify as a good Section 351 transaction?
Answer: No. This is because service is not a qualified property contribution under the section 321. Moreover, fair value of stock received by Chrissie is just 75% of 100%.
b. What gain does Chrissie Recognize?
Answer: The Gain Chrissie recognizes = FMV of stock received - Adjusted basis of transferred property = $750,000 - $500,000 = $250,000.
c. What gain does Mirinda recognize?
Answer: The Gain Mirinda recognizes is $0 or Mirinda will recognizes compensation worth which will be taxed as an ordinary Income ($250,000).
ABC Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small
tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most
products are sold direct via its company catalogue and internet site. However, given some of its
speciality products, select farm implement stores carry ABC's products. Pricing and cost
information on three of ABC's most popular products are as follows
Item
Mini - trencher
Power fence hole auger
Grain/hay dryer
Standalone selling Price (Cost)
$3,600 ($2,000)
1,200 ($800)
14,000 ($11,000)
Respond to the requirements related to the following independent revenue arrangements for ABC
Ranch and Farm
a. On January 1,2019 ABC sells 40 augers to Mills Farm & Fleet for $48,000. Mills signs a
6-month note at an annual interest rate of 12%. ABC allows Mills to return any auger that
it cannot use within 60 days and receive a full refund. Based on prior experience, ABC
estimates that 5% of units sold to customers like Mills will be returned (using the most
likely outcomc approach). ABC's costs to recover the products will be immaterial and the
returned augers are expected to be resold at a profit
Required: Prepare the journal entry for ABC on January 1,2019 (6marks)
Answer:
1 - Notes Receivable (Dr.) $48,000
Refund liability (Cr.) $2,400
Sales Revenue (Cr.) $45,600
2 - Cost of goods Sold (Dr.) $32,000
Estimated inventory return (Cr.) $1600
Inventory (Cr.) $33,600
Explanation:
ABC Ranch and Farm has sold 40 auger at a price of $1200 per auger. The cost per auger is 800. There is an estimate of return of 5% of units sold so the estimated return of sales will be $2,400 which is recorded as refund liability. The sales revenue is recorded with reducing the refund liability.
The GDP is one way to measure the size of a country's economy.
False
True
Answer:
It's true
Explanation:
on edge 2021
I'm 15 now. I _ (be) 16 next year
Answer:
good for u
Explanation:
Sheridan Corp is looking to invest in a three-year bond that makes semi-annual coupon payments at a rate of 5.825 percent. If these bonds have a market price of $985.63, what yield to maturity can she expect to earn?
Answer:
The annual YTM will be = 0.063496 or 6.3496% rounded off to 6.35%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the semi annual coupon payment in case of semi annual bondF is the Face value of the bond P is the current value of the bond n is the number of semi annual periods to maturity in case of the semi annual coupon bond
Assuming that the face value of the bond is $1000.
Coupon payment - semi annual= 1000 * 0.05825 * 6/12 = 29.125
Number of semi annual periods = 3 * 2 = 6
YTM - semi annual= [ (29.125 + (1000 - 985.63 / 6)) / (1000 + 985.63 / 2)
YTM - semi annual= 0.031748 or 3.1748% rounded off to 3.17%
The annual YTM will be = 0.031748 * 2 = 0.063496 or 6.3496% rounded off to 6.35%
