Answer:
$3,529.51
Explanation:
Future value = $120,000
N = 18
i = 7%
Future value = Annual savings * [(1 + Interest rate)^Years - 1] / Interest rate
Future value = Annual savings * [(1 + 0.07)^18 - 1 / 0.07]
Annual savings = $120,000 / [(1 + 0.07)^18 - 1 / 0.07]
Annual savings = $120,000 / 2.37993227573 / 0.07
Annual savings = $120,000 / 33.99903251042857
Annual savings = $3529.512199007199
Annual savings = $3,529.51
Therefore, the annual savings is $3,529.51
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:
I need help with the analysis part. Thank you!
Answer:
first part
Return on equity = net income / equity =
net income = total revenue - expenses = $66,500 - $42,700 (salaries) - $6,900 (utilities) - $8,000 (supplies) - $1,675 (depreciation) - $2,700 (taxes) = $4,525
equity = $153,200 (Dec. 31 balance) + $42,000 (new stocks issued) - $20,000 (treasury stocks) - $3,620 (dividends) + 17,600 (treasury stocks sold) + $4,525 (net income) = $193,705
ROE = $4,525 / $193,705 = 2.34%
The company is less profitable than other companies in the same industry.
second part
total stocks outstanding = 18,100
third part
EPS for January = $4,525 / 18,100 = $0.25
EPS for January is higher than last year's average
Common Stock Dividends Paid $29,554 Cost of Goods sold $133,608 Depletion Expense $21,418 Preferred Stock Dividends Paid $16,172 Sales $322,000 Calculate Gormet's net income.
Answer:
Gormet's net income is $166,974.00
Explanation:
The formula for computing net income is shown below prior to the determination of net income:
net income=Sales-Cost of Goods sold-Depletion Expense
Sales=$322,000
Cost of Goods=$133,608
depletion expense=$21,418
net income=$322,000-$133,608-$21,418
net income=$166,974.00
Bramble Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $598000 and credit sales are $2620000. Management estimates that 5% is the sales percentage to use. What adjusting entry will Bramble Company make to record the bad debts expense?
Answer:
Bad debt expense Dr ($2,620,000 × 5%) $131,000
To Allowance for doubtful debts $131,000
(Being bad debt expense is recorded)
Explanation:
The adjusting journal entry is shown below:
Bad debt expense Dr ($2,620,000 × 5%) $131,000
To Allowance for doubtful debts $131,000
(Being bad debt expense is recorded)
Here bad debt expense is debited as it increased the expense and credited the allowance for doubtful debt as it decreased the assets
Also assets and expenses has normal debit balance
Sales price $6.74 per unit
Variable costs $2.33 per unit
Fixed Costs $9376
Budgeted number of units 5317
What is margin of safety in units?(Round to the nearest whole unit in your final answer)
Answer:
Margin of safety = 3190.922902 units rounded off to 3191 units
Explanation:
Margin of safety is the cushion or extra number of units that the business sells over the break even point in units. The break even point is the point where total revenue equals total cost and the business earns no profit or no loss. To calculate the margin of safety in units, we deduct the break even number of units from the budgeted number of units or sales.
Margin of safety = Budgeted units - Break even number of units
First we need to calculate the break even in units. The formula for break even in units is,
Break even in units = Fixed cost / (Selling price per unit - Variable cost per unit)
Break even in units = 9376 / (6.74 - 2.33)
Break even in units = 2126.077098 rounded off to 2126 units
Margin of safety = 5317 - 2126.077098
Margin of safety = 3190.922902 units rounded off to 3191 units
The margin of safety = 3190.922902 units rounded off to 3191 units
What is margin of safety?The margin of safety is the cushion or extra number of units that the business sells over the break-even point in units. The break-even point is the point where total revenue equals total cost and also the business earns no profit or no loss. To calculate the margin of safety in units, we deduct the break-even number of units from the budgeted number of units or sales.
"The margin of safety = Budgeted units - Break-even number of units"
First, we'd like to calculate the break-even in units. The formula for break-even in units is,
Break-even in units = fixed charge / (Selling price per unit - Variable cost per unit)
Break-even in units = 9376 / (6.74 - 2.33)
Break-even in units = 2126.077098 rounded off to 2126 units
Margin of safety = 5317 - 2126.077098
The margin of safety = 3190.922902 units rounded off to 3191 units
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If you make an initial deposit of $2,500 in your money market account that earns 6% APR compounded daily, and you deposit $100 at each week end for 25 years, how much money will you have accumulated
Answer:
$312,752
Explanation:
Weekly interest rate = [(0.06/365 + 1)^7] -1 * 100
Weekly interest rate = 1.0011525255 - 1 * 100
Weekly interest rate = 0.0011525255 * 100
Weekly interest rate = 0.1152%
No. of periods =52 weeks * 25 years = 1300
N = 1300; I/Y = 0.1152; PV = -2500; PMT = -100
Amount accumulated at the end = FV(1300, 0.1152, -2500, -100)
Amount accumulated at the end = $312,752 approximately
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
2+2= fishwitharms.......................................................
Answer:
yes
Explanation:
what has 4 eyes but can't see
the right answer gets brainlist
Answer:
Biscuiiiits
Explanation:
They have four eyes but can't see, I'm so smart ;)
Karl purchased a second, larger home in which to live. He has
decided to rent his first home out for $1,500 a month. His
mortgage on the first home is $1,250. Is this an example of
passive income?
A) No B) Yes
Answer:
yes
Explanation:
Passive income is any earning that does not require a person to get involved too much. It is income that requires little effort to earn and maintain. Examples of passive income include shareholder's dividends and rental income. Passive income contrasts with active income, where one participates, is fully engaged, or works for many hours.
Karl receives $1500 as rent and pays $1250 as a mortgage. He earns $250 without using too much effort.
20 Point
Which portion of the passage indicates that Neil’s prototype product requires many more changes?
1.(Neil created a robot that works on certain commands.) 2(However, the robot freezes and dismantles itself on hearing commands it does not recognize.) 3(While the robot recognizes most commands,) 4(it sometimes confuses similar-sounding commands.) 5(Neil spent five years creating this robot and invested all his savings in it.)
Answer:
Number 2 or Number 4.
Explanation:
On number 2, the robot freezes when it doesn't recognize the command. Obvious problem. On number 4, the robot confuses similar sounding commands. Also an obvious problem.
Answer:
2
Explanation:
Kevin bought 210 shares of Intel stock on January 1, 2019, for $54 per share, with a brokerage fee of $110. Then, Kevin sells all 210 shares for $77 per share on December 12, 2019. The brokerage fee on the sale was $160. What is the amount of the gain/loss Kevin must report on his 2019 tax return?
Answer:
$4,560
Explanation:
With regards to the above information, we need to calculate first the amount realized on the sales of the shares.
Amount realised = [Shares purchased × Price per unit of shares sold] - Brokerage fee on the sale of the shares
= [210 × $77] - $160
= $16,010
We also need to calculate the adjusted basis.
Adjusted basis = [Shares purchased × Price per unit of shares purchased] + brokerage fee on the shares purchased.
= [210 × $54] + $110
= $11,450
Gain = Amount realized - Adjusted basis
Gain = $16,010 - $11,450
Gain = $4,560
Therefore, the amount of gain Kevin must report on his 2019 tax report is $4,560
Nicole worked for 6 hours and 15minutes how should she write that on her time card
Answer:
6.25 hours
Explanation:
Andre is a new product designer for a restaurant supply company. Andre therefore works in a ________ department.
A) functional
B) service
C) line
D) matrix
E) staff
Answer:
Option C: line
Explanation:
An organization always has a functional structure. Its structure are group into sectors or structure based on specific areas, such as finance, or marketing and others.
A line department is a part of organization structure that is responsible for an organization core work such as production and sales, and others.
Product designers are simply said to be individuals who have design skills or knowledge and therefore uses it along with their technical know-how/knowledge to develop or improve the outlook(way) that already-made (existing) products work and look, and/or make them at a lower cost.
They must have technical and human-centered design and also be actively involved in the designing process of a new products line.
The price elasticity of demand for a popular sporting event is 2. If the price of a ticket to this event increases by 10 percent, the quantity of tickets demanded will
Answer: decrease by 20%
Explanation:
The price elasticity of demand simply measures how the quantity demanded for a particular product will respomd when the price of the product changes.
With regards to the question,
2 = x/10
x = 2 × 10
x = 20%
There'll be a decrease in demand by 20%. This is because according to the law of demand, an increase in the price of a good will bring about a reduction in demand for that good because consumers will buy less of that good.
Groundz Coffee Shop uses 4 pounds of a specialty tea weekly; each pound costs $16. Carrying costs are $1 per pound per week because space is very scarce. It costs the firm $8 to prepare an order. Assume the basic EOQ model with no shortages applies. Assume 52 weeks per year, closed on Mondays. How many pounds should Groundz order at a time
Answer:
8 pounds
Explanation:
The computation of economic order quantity is
EOQ = √ 2 × Annual demand × Ordering cost / Carrying cost
Where;
Annual demand = 52 weeks × 4 pounds = 208 pounds
Ordering cost = $8
Carrying cost = $1 per pound per week × 52 = $52
EOQ = √ 2 × 208 × $8 / $52
EOQ = 8 pounds
Therefore, Grounds should order 8 pounds at a time.
Increased tourism always brings increased sanitation.
True
False
Answer:
False 1000%
Explanation:
Tourists are dirty people
The statement - "Increased tourism always brings increased sanitation" is false.
What are the effects of tourism to a country?Tourism has a favorable influence on infrastructure in addition to providing employment and money. Road and rail upgrades, airport construction, and enhancements to services such as water supply and telecommunications are among them.
Tourism frequently overconsumes natural resources, especially in areas where resources are already limited. Tourism places significant strain on local land usage, potentially resulting in soil erosion, increased pollution, natural habitat loss, and greater pressure on endangered species.
Therefore, it can be concluded that sentence mentioned with regard to tourism is false.
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Help please!!!! will mark brainlest!!
why is the term "buy as is" or "let the buyer aware" important to businesses and suppliers!!!
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
A company has fixed costs of $50,000 while manufacturing a product that has variable costs of $4 per unit and sells for $14 per unit. The break-even point is:_____
Answer:
the break even point in units is 5,000 units
Explanation:
The computation of the break even point in units is shown below:
= Fixed cost ÷ contribution margin per unit
= Fixed cost ÷ (Selling price per unit - variable cost per unit)
= $50,000 ÷ ($14 - $4)
= $50,000 ÷ $10
= 5,000 units
hence, the break even point in units is 5,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Assume that Corn Co. sold 7,300 units of Product A and 2,700 units of Product B during the past year. The unit contribution margins for Products A and B are $34 and $64, respectively. Corn has fixed costs of $343,000. The break-even point in units is
Answer:
8,147 units
Explanation:
The computation of the break even point in units is shown below:
Break even point in units is
= Fixed cost ÷ weighted contribution margin
where,
The Fixed cost is $343,000
And, weighted contribution margin is
= (7,300 units × $34 + 2,700 units × $64) ÷ (7,300 units + 2,700 units)
= ($248,200 + $172,800) ÷ (10,000 units)
= $42.1
Now the break even point in units is
= $343,000 ÷ $42.1
= 8,147 units
Why do employees who participate in planning change efforts tend to have more positive opinions about the change
Answer:
This question is incomplete, the options are missing. The options are the following:
a) They have the opportunity to reject the proposed change.
b) They will have the opportunity to know more than others about the change.
c) They will be able to convince customers the change was the right thing to do.
d) They will feel a sense of ownership of planned change and are more likely to be on board.
And the correct answer is the option D: They will feel a sense of ownership of planned change and are more likely to be on board.
Explanation:
To begin with, it will be more acceptable for an employee of a company or a member of a group to agree with a change if that person was involved in the planning of the change. That means that he will feel that he is part of the solution and therefore part of the team because his ideas were listened and maybe he contributed with something. That is why that members who participate in the planning of a change will always be more positive about the final outcome due to the fact that they were there during the process of deciding that outcome and that will make them feel integrity related to the work and to the team as well.
The TSA suits:
A Engineering students.
B. Construction students.
C. Technology students.
D. STEM students
Answer:
C. Technology students.
Explanation:
Answer:
it is c. Technically students
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.
A 37-year-old client experienced a perinatal loss 3 days ago. Which client characteristic would be communicated to the health care provider?
Answer:
Denial of the death
Explanation:
A loss of a Child to a mother is not usually acceptable at first to the mother. A woman at 37 who is advance has slimmer chance of getting pregnant and the woman at 37, having a pregnancy and lossing the baby is not easy to deal with. Parental loss and bereavement is really had for a 37 year old mother who at first may not accept the death of the child but proper care will bring the mother back to full consciousness.
Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus depreciation. The furnishings were purchased for $15,000 in April, the equipment for $6,000 in July, and the appliances for $40,000 in November. What amount of depreciation expense is allowable in the current (second) year of ownership?
a. $16,806
b. $14,939
c. $16,163
d. $16,072
Answer:
b. $14,939
Explanation:
Property placed in service in 1st year:
Amount $
2nd quarter 15,000
3rd quarter 6,000
4th quarter 40,000
Total furnishing at beginning of 2nd Year $61,000
Half Year depreciation rate in 2nd Year as per Macrs table under "7 years life" assets, the applicable depreciation in the 2nd year is 24.49%
Thus, amount of depreciation expense is allowable in the current (second) year of ownership = $61,000 * 24.49% = $14938.90
An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from any firm in the country is called:
a. a counterpurchase.
b. an offset.
c. switch trading.
d. spot trading. barter.
Answer:
B)an offset.
Explanation:
'13.4. A company ships a particular product to a market located 1500 miles from the plant at a cost of $4.50 per mile. Normally it ships 500 units at a time. What is the line haul cost per unit
Answer: $13.50
Explanation:
The following information can.be deduced from the question:
Distance covered = 1500 miles
Cost per mile = $ 4.50
We need to calculate the total cost of the transportation first. This will be:
= 1500 x $4.50
= $6750
We are further told that it normally ships 500 units at a time.
Therefore, tge line haul cost per unit will be:
= $6750/500 = $13.50
Select the correct answer
Wyatt is a businessman. He often travels to different places for business purposes and spends money on hotel stays and get-togethers with
other businesspeople. He wants to keep track of his spending and not worry about falling short on money during a business trip. What advice
would you offer him to achieve this goal?
A take out a business loan
O carry cash
use a credit card
ask trusted colleagues to carry money
Reset
Next
Answer:
use a credit card
Explanation:
Wyatt seems to travel very often, thus, it is best for him to carry a credit card in order to track his expenses. He'll be able to track his spending in different ways and he'll be able to receive hotel discounts and airline rewards due to his frequent travels.
Tracking one's credit card spending can be done online, so Wyatt can surely update himself about his spending every day if he wants to. This will give him an idea where most of his hard-earned money is going to without the need to wait for the credit card bill.
Answer:
the answer to this question is Uses a credit
Explanation:
How can you price your product or service at its worth or even more? You can price your product or service at its worth or even more if you offer __ facility.
Will give 35 points !!!!!!
Answer:
AVERAGE
Explanation:
took it on PLATO
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.
