Answer:
Bond price= $1,793.62
Explanation:
Giving the following information:
Face value= $2,000
Number of periods= 17
Cupon rate= 0.077
YTM= 0.089
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 154*{[1 - (1.089^-17)] / 0.089} + [2,000/1.089^17)
Bond Price= 1,324.21 + 469.41
Bond price= $1,793.62
In a process costing system, when manufacturing overhead costs are applied to the cost of production, they are debited to:
Answer:
The Work in Process Inventory account.
Explanation:
Process costing can be defined as a cost accounting method used for assigning manufacturing or production costs to the units of goods produced by a business firm over a specific period of time. It is mostly used by firms that produce a large quantity of homogeneous or similar products on a continuous basis. Process costing typically uses more than one Work in Process Inventory account because costing at each stage of production or manufacturing process.
In a process costing system, when manufacturing overhead costs are applied to the cost of production, they are debited to the Work in Process Inventory account.
In the manufacturing process, partially or partly completed goods that are still in the process of being converted into a finish product are defined as work-in-process inventories.
Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.
These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.
In conclusion, Process costing typically uses a separate Work in Process Inventory account for each department while job order costing typically uses only one Work in Process Inventory account for each product.
Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $374,100; Purchase Returns and Allowances $12,700; Purchase Discounts $6,000; and Freight-in $16,600. Blossom Company has beginning inventory of $61,600, ending inventory of $88,100, and net sales of $652,800. Determine the amounts to be reported for cost of goods sold and gross profit.
Answer and Explanation:
The computation of the amount that should be reported for the cost of goods sold and the gross profit is shown below;
But before that first determine the following amounts
Adjusted Purchases = Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-in
= $374,100 - $12,700 - $6,000 + $16,600
= $372,000
Now the cost of goods sold is
= Beginning Inventory + Adjusted Purchases - ending Inventory
= $61,600 + $372,000 - $88,100
= $345,500
And,
Gross Profit = Net Sales - cost of goods sold
= $652,800 - $345,500
= $307,300
On January 1, 2016, Horton Inc. sells a machine for $23,000. The machine was originally purchased on January 1, 2014 for $40,000. The machine was estimated to have a useful life of 5 years and a residual value of $0. Horton uses straight-line depreciation. In recording this transaction:
Answer:
The entry to record this transaction will be,
Accumulated depreciation 16000
Cash 23000
Loss on disposal 1000
Machine 40000
Explanation:
The straight line method of depreciation charges a constant depreciation expense throughout the useful life of the asset. The formula to calculate depreciation expense per year under this method is,
Depreciation expense per year = (Cost - Residual value) / Estimated useful life of the asset
Depreciation expense per year = (40000 - 0) / 5 = $8000 per year
The net book value of the machine on 1 January 2016 = 40000 - (8000 * 2)
NBV = $24000
As the machine was sold for $23000, the loss on disposal will be,
Loss on disposal = 23000 - 24000 = -1000 or $1000 loss
For Saxton, Inc., variable manufacturing overhead costs are expected to be $14,500 in the first quarter of 2017, with $3,600 increments in each of the remaining three quarters. Fixed overhead costs are estimated to be $19,800 in each quarter. What is the total amount of overhead to be budgeted for manufacturing overhead in quarter 2
Answer:
Total overhead= $41,500
Explanation:
Giving the following information:
Variable overhead first quarter= $14,500
Variable overhead increases= $3,600
Fixed overhead= $19,800
To calculate the total overhead for a specific quarter, we need to use the following formula:
Total overhead= fixed overhead + variable overhead + variable overhead increase*x
x= number of quarter
Now, for the second quarter:
Total overhead= 19,800 + 14,500 + 3,600*2
Total overhead= $41,500
Crane Company has a unit selling price of $500, variable costs per unit of $260, and fixed costs of $184,800. Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin.
Answer:
Break-even point in units= 770
Explanation:
Giving the following information:
Selling price= $500
Unitary variable cost= $260
Fixed costs= $184,800
To calculate the break-even point in units using the mathematical equation, we need to use the following formula:
Net income= unit contribution margin*x - fixed costs
x= number of units
0= (500 - 260)*x - 184,800
184,800/240 = x
770=x
Now, under the unit contribution margin method:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 184,800/240
Break-even point in units= 770
An example of this operating expense is the Internet.
Professional services
Payroll
Licenses
Phone and utilities
Answer:
Phone and utilities
Explanation:
Hope this helps
Answer: Phone and Utilities
Explanation: Have a good day :)
A__________is a customer benefit package (CBP) feature that departs from the standard CBP and is normally location specific or firm specific.
a. bottleneck
b. peripheral product
c. core product
d. variant
Answer:
d. variant
Explanation:
A variant signifies a set of attributes that is specific to the firm or location in which the firm operates.
For example, a restaurant chain operating for years that decide to entertain its guest with a live band in its new has just added a new variant to its customer benefit package.
calculater D2 in descrete distribution
Answer:
For a given subgroup size, say n=2, notice that the value of d2 changes as the number of subgroups, k, increases. As an example, notice that d2=1.150 for n=2 and k=15. When k is infinite, the value of d2=1.128. Notice the difference in the value of d2 is small.
Explanation:
If you have serious concerns about the qualifications of a job candidate who has asked you for a written recommendation, you should:_______
Answer:
elect not to write the recommendation.
Explanation:
A job recommendation is a way of vouching for a person's behaviour, honesty, and qualifications to perform a job.
On important step before giving recommendations is to think carefully if you know and trust the person sufficiently to vouch for him.
If a recommendation is written about person and he fails to perform well, the person that wrote the recommendation will lose credibility and his career may be adversely affected.
In this instance since there are serious concerns about the qualifications of a job candidate who has asked you for a written recommendation, elect not to write the recommendation
A company purchased a truck on March 1, 2007 at a cost of $70,000. The truck had an estimated useful life of 5 years and an estimated salvage value of $10,000. The company uses the straight-line method of depreciation. Determine the book value of the truck on December 31, 2011
Answer:
$12,000
Explanation:
The formula for depreciation expense, using straight line method is;
= (Cost - Scrap value) / life time
Give that;
Cost = $70,000
Scrap value = $10,000
Life time = 5 years
= ($70,000 - $10,000) / 5
= $60,000 / 5
= $12,000.
Therefore, book value on December 31, 2011 would be;
= $70,000 - $12,000 × (4 + 10/12)
= $70,000 - $58,000
= $12,000
• Note that we arrived at the value of 10 because March to December is 10 months.
The company expects this year's sales to increase by 25%. The selling price is $13 per unit. Prepare a Sales Budget for the
Answer:
The full question is "Royal Company is preparing budgets for the second quarter ending June 30. Last year's sales for the corresponding period were: March 15,000 units April 18,000 units May 28,000 units June 26,000 units July 19,000 units August 12,000 unit. The company expects this year's sales to increase by 25%. The selling price is $13 per unit. Prepare a Sales Budget for Royal Company."
Sales Budget
Month Budgeted Sales Selling Price Total budgeted sales
March 15,000+25% = 18750 $13 $243,750
April 18,000 +25% = 22500 $13 $292,500
May 28,000 +25% = 35000 $13 $455,000
June 26,000 +25% = 32500 $13 $422,500
July 19,000 +25% = 23750 $13 $308,750
Total Budgeted sales for the 2nd Quarter $1,722,500
August 12,000 +25% = 15000 $13 $195,000
The simple interest rate per year required to accumulate the same amount of money in 2 years at 20% per year compound interest is ___________
Answer: 22%
Explanation:
Compound interest at 20% per year for 2 years is;
= (1 + 20%)² - 1
= 1.44 - 1
= 44%
The simple interest in 2 years will also be 44% for it to be equivalent.
For the yearly simple interest rate simply divide by 2 because simple interest does not get compounded.
= 44%/2
= 22%
Suppose US$1 = €0.7809 in New York and US$1 = €0.7793 in Paris. How can foreign exchange traders profit from these exchange rates? What actions can they take that may result in the same dollar/euro exchange rate in both New York and Paris? Please limit your response to one or two reasonably-sized paragraphs.
Answer:
If a Dollar is worth $ 0.7809 Euros in New York, and $ 0.7793 Euros in Paris, the way in which foreign exchange traders could obtain an economic profit through this difference would be by buying Euros in Paris, and selling them again in New York. Thus, they would obtain $ 0.016 of profit for each Euro traded in the market, with which, for example, if $ 1,000,000 of Euros were traded, a total profit of $ 16,000 would be obtained. In turn, trading the same amount in both Paris and New York, traders would not make any profit, equating both exchange rates.
Cash consists of: a. coin, currency, and postage stamps. b. coins, currency, checks, money orders, money on hand or on deposit in a bank or similar depository. c. coins, currency, postage stamps, money on deposit in a bank. d. all of the above.
Answer:
b. coins, currency, checks, money orders, money on hand or on deposit in a bank or similar depository.
Explanation:
Cash consists of coins, currency, checks, money orders, money on hand or on deposit in a bank or similar depository. Cash is distinct from postage stamps, credit, money orders or checks that are not physically being held by the holder.
Cash can be defined as a legal tender such as money in its physical form which can typically be used to purchase goods and services, as well as pay debt.
What were true about all the states of natures in Decision making under ignorance (hint: how likely was any one of them to happen
Answer: They would be treated equally
Explanation:
States of natures in decision making under ignorance would be treated equally, and as such they would be treated equally.
If a household's income rises from $46,000 to $48,000 and its consumption spending rises from $38,00 to $39,500 then the MPC is
Answer:
0.5
Explanation:
marginal propensity to consume Can be regarded as the increase in pay that is been consumer experience on the purchasing of products which is just a part at aggregate. Instead of consumer to save
We are told that income rises from $46,000 to $48,000.
The difference= $48,000-$46,000= $2000
✓consumption spending rises from $38,00 to $39,500
The difference= $39,500-$38,00= $1000
Then the marginal propensity to consume can calculated as ratio of the difference in consumption spending to income rise
=1000/2000=0.5
Therefore, the MPC is 0.5
Delta Corporation has a bond issue outstanding with an annual coupon rate of 7% and 20 years remaining until maturity. The par value of the bond is $1,000. Determine the current value of the bond if present market conditions justify a 14% nominal annual required rate of return.
Answer:
Bond Price= $536.38
Explanation:
Giving the following information:
Face value= $1,000
Number of periods= 20
Cupon rate= 0.07
YTM= 0.14
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 70*{[1 - (1.14^-20)] / 0.14} + [1,000/1.14^20)
Bond Price= 463.62 + 72.76
Bond Price= $536.38
Sandel Company makes 2 products, footballs and baseballs. Additional information follows:
Footballs Baseballs
Units 4,000 2,500
Sales $60,000 $25,000
Variable costs 36,000 7,000
Fixed costs 9,000 9,000
Net income $15,000 $ 9,000
Profit per unit $3.75 $3.60
Instructions
Sandel has unlimited demand for both products. Therefore, which product should Sandel tell his salespeople to emphasize?
Answer:
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Elston Company issued $500,000 of eight percent, 20-year bonds at 106 on January 1, 2010. Interest is payable semiannually on July 1 and January 1. Through January 1, 2016, Elston amortized $5,000 of the bond premium. On January 1, 2016, Elston retired the bonds at 103 (after making the interest payment on that date).
Prepare the journal entry to record the bond retirement on January 1, 2016.
Logan Company had the following transactions:
Apr. 8: Issued a $5,000, 60-day, six percent note payable in payment of an account with Bennett Company.
May 15: Borrowed $40,000 from Lincoln Bank, signing a 60-day note at nine percent.
Jun 7: Paid Bennett Company the principal and interest due on the April 8 note payable.
Jul. 6: Purchased $12,000 of merchandise from Bolton Company; signed a 90-day note with ten percent interest.
Jul. 14: Paid the May 15 note due Lincoln Bank.
Oct.2: Borrowed $30,000 from Lincoln Bank, signing a 120-day note at 12 percent.
Oct. 4: Defaulted the note payable to Bolton Company.
Required:
a. Record these transactions in general journal form.
b. Record any adjusting entries for interest in general journal form. Logan Company has a December 31 year-end.
Answer:
Prepare the journal entry to record the bond retirement on January 1, 2016.
total bond premium = $500,000 x 1.06 = $530,000
carrying bond value = $530,000 - $5,000 = $525,000
gain/loss = carrying value - cash paid = $525,000 - $515,000 = $10,000
Keep in mind the carrying value – cash paid to retire bonds = gain or loss on bond retirement
Dr Bonds payable 500,000
Dr Premium on bonds payable 25,000
Cr Cash 515,000
Cr Gain on retirement of bonds 10,000
Apr. 8: Issued a $5,000, 60-day, six percent note payable in payment of an account with Bennett Company.
Dr Accounts payable 5,000
Cr Notes payable 5,000
May 15: Borrowed $40,000 from Lincoln Bank, signing a 60-day note at nine percent.
Dr Cash 40,000
Cr Notes payable 40,000
Jun 7: Paid Bennett Company the principal and interest due on the April 8 note payable.
Dr Notes payable 5,000
Dr Interest expense 50
Cr Cash 5,050
Jul. 6: Purchased $12,000 of merchandise from Bolton Company; signed a 90-day note with ten percent interest.
Dr Merchandise inventory 12,000
Cr Notes payable 12,000
Jul. 14: Paid the May 15 note due Lincoln Bank.
Dr Notes payable 40,000
Dr Interest expense 600
Cr Cash 40,600
Oct.2: Borrowed $30,000 from Lincoln Bank, signing a 120-day note at 12 percent.
Dr Cash 30,000
Cr Notes payable 30,000
December 31, adjusting entry
Dr Interest expense 600
Cr Interest payable 600
Oct. 4: Defaulted the note payable to Bolton Company.
No journal entry required
why is digital presence is important
Give 3 reasons
I will give brainliest answer
Answer:
1.)A “digital presence” simply refers to how your business appears online; it's what people find when they search for your business or company on the internet. Digital presence includes content that you control, like your website and social media profiles, but also content that you don't control, such as online reviews.
2.)Job Security:This may seem like it should go without saying, but keeping a professional online presence is very important to keep your job! Your employers need to know that you are not going to hurt the brand and image of the company. ... Then keeping your online presence professional is key.
3.)The Importance of Having an Online Presence is Crucial Now More Than Ever. During this pandemic, it is critical businesses must be online. Having an online presence can help you build an audience, connect with your customers, and keep them updated on your day to day activities, as well as hours of operation.
ATech has fixed costs of $7 million and profits of $4 million. Its competitor, ZTech, is roughly the same size and this year earned the same profits, $4 million. But it operates with higher fixed costs of $8 million and lower variable costs. a. What is the degree of operating leverage (DOL) for each company
Answer:
ATech 2.75
ZTech 3
Explanation:
Degree of operating leverage is denoted as ;
DOL = 1 + Fixed cost/Profit
According to the information above, profit for both companies is $4,000,000 whereas the fixed costs differ by $1,000,000
•ATech degree of operating leverage
= 1 + (7,000,000/4,000,000)
= 2.75
ZTech degree of operating leverage
= 1 + (8,000,000/4,000,000)
= 3
The above means that ATech would reach its break even before ZTech because the ratio of fixed cost to variable cost is lower for ATech compared to ZTech.
what happens to the supply and demand when price level decreases ?
Answer:
If the price decreases then the supply in demand increases.
Explanation:
The reason behind this is to do with how the law of demand works.
The purpose of a Flowchart is to identify the complexity of the process and to assist in identifying _____ in the process.
a. Defects
b. Critical steps
c. Test stations
d. Line operators
Answer:
b. Critical steps
Explanation:
The use of the flow chart is to make identification of the critical points or steps in each and every point for accessing the potential hazards also it became useful for the important points that should be controlled in the process
Therefore in the given case, the option B is correct
And, the same is to be considered
In respect to a balance sheet, a stock split will: Multiple Choice not affect the total value of any of the equity accounts. increase the value of the capital in excess of par value account. decrease the total book value of owners' equity. increase the total value of the common stock account. decrease the value of the retained earnings account.
Answer:
A. not affect the total value of any of the equity accounts.
Explanation:
A balance sheet can be defined as a financial statement of an organization which is typically used to record financial informations liabilities, capital, shareholder's equity, assets, debts at a specific period of time.
In respect to a balance sheet, a stock split will not affect the total value of any of the equity accounts.
A stock split can be defined as a process in which a company divides its existing shares of the stock it owns into multiple new shares to its shareholders in proportion to the amount of their holdings. Thus, a stock split will not affect the total value of any of the equity accounts with respect to a balance sheet.
The amount of goods and services consumers want is called?
Answer:
C. Demand
Explanation:
Have a nice day
The amount of goods and services that consumers want is called demand.
What is demand?Demand is an economic concept that refers to a consumer's desire to buy goods and services as well as their willingness to pay a certain price for them. When the price of a good or service rises, the quantity demanded falls. Similarly, lowering the price of a good or service raises the quantity demanded.
Demand is a concept that both consumers and businesses are familiar with because it makes sense and occurs naturally throughout almost any day. For example, shoppers who have their eye on a product will buy more if the price is low. When prices rise, such as when the seasons change, shoppers buy fewer items, or none at all.
Therefore, demand is the amount of goods and services consumers want.
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Following table shows employment data for an economy. Use the table to answer questions 98 and 99.
Population (Civilian, non-institutional) 520,000
Civilian Labor Force 364,000
Not In Labor Force 156,000
Employed 338,500
Now suppose 4,000 of the people looking for work get discouraged and give up their job searches. The unemployment rate becomes _____.
a. 6.35%
b. 5.97%
c. 5.91%
d. 2.92%
Answer:
c. 5.91%
Explanation:
The Number of unemployed = Civilian Labor force - No of employed
The Number of unemployed = 364,000 - 338,500
The Number of unemployed = 25,500
Unemployment rate = (No of unemployed/Labor force)*100
Unemployment rate = (25500/364000)*100
Unemployment rate = 7.01%
The New number of unemployed after 4,000 of the people looking for work get discouraged and give up their job searches = 25,500 - 4,000 = 21,500
So, the new unemployment rate = (21500/364000)*100
= 5.91%
Assume that the risk-free rate is 6% and the market risk premium is 8%.
What is the expected return for the overall stock market? Round your answer to two decimal places.
___________ %
What is the required rate of return on a stock with a beta of 1.9? Round your answer to two decimal places.
___________ %
Answer:
r or expected rate of return - market = 0.14 or 14%
r or expected rate of return - stock = 0.2120 or 21.20%
Explanation:
Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * rpM
Where,
rRF is the risk free rate rpM is the market risk premium
Under CAPM, the assumption follows that the beta of the market is always equal to 1.
So, expected return on the stock market will be,
r or expected rate of return - market = 0.06 + 1 * 0.08
r or expected rate of return - market = 0.14 or 14%
The beta of the stock is given. We calculate the required rate of return on the stock to be,
r or expected rate of return - stock = 0.06 + 1.9 * 0.08
r or expected rate of return - stock = 0.2120 or 21.20%
A company produces and sells 6,400 recliners each year. Each production run has a fixed cost of $400 and an additional cost of $35 per recliner. To store a recliner for a full year costs $8. What is the optimal number of recliners the company should make during each production run? Do not include units with your answer.
Answer:
800 Recliners
Explanation:
Calculation for the optimal number of recliners the company should make during each production run
Using this formula
Economic Order Quantity (EOQ) =√ [(2 D x S) / C]
Where,
Annual Demand (D) = 6,400 Recliners
Fixed Ordering Cost (S) = $400
Carrying cost per recliner (C) = $8
Let plug in the formula
Economic Order Quantity (EOQ)= √[(2 x 6,400 x $400) / $8]
Economic Order Quantity (EOQ)=√$5,120,000/$8
Economic Order Quantity (EOQ)=√$640,000
Economic Order Quantity (EOQ)= 800 Recliners
Therefore the optimal number of recliners the company should make during each production run will be 800 Recliners
Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $120,000. The asset is expected to have a salvage value of $15,500 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:
Answer: 50400
Explanation:
- Straight-line rate= 100%/ 5 years= 20%
- Double declining Expense= 20% x 2= 40%
From Oct1 to Dec 31 is 9 months/ 12 months a year
- Depreciation Expense year 1= $120000x 0.4x 9/12= $36000
- Book value year 1= beginning year 2= $120000-$36000= $84000
- Book value year 2= $84000- ($84000x0.4)= $50400
The asset is valued at $60,000 at the end of year 2 December by using the asset depreciated on the double-declining-balance method.
What is Depreciation?Depreciation is allocated to charge a reasonable percentage of the depreciable value throughout each accounting period for the asset's anticipated useful life.
Given,
Purchase Value = $120,000 ( On October 1)
Expected Life = 5 Years
Salvage Value = $15,500
Required to calculate asset value at the End of Year 2 =?
Depreciation Rate = Book Value x 2 divided by Life of Asset
= $120,000 x 2/5 = $48,000
Depreciation Rate = 48,000 x 100/ 120,000 = 40%
Book Value of Year 1 = 120,000 - 120,000 x 40% x 3/12 = $108,000
Book Value for end Year 2 = $108,000 - 120,000 x 40% = $60,000.
Thus, the Book value of the asset at end of year 2 is $60,000.
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Charlie is at the top of her company's organization chart. Which of the following is most likely to be her job title?
