Answer:
aswer is
Explanation:
because is Hp is globally science
The operations manager of a mail order house purchases double (D) and twin (T) beds for resale. Each double bed costs $500 and requires 100 cubic feet of storage space. Each twin bed costs $300 and requires 90 cubic feet of storage space. The manager has $75,000 to invest in beds this week, and her warehouse has 18,000 cubic feet available for storage. Profit for each double bed is $300 and for each twin bed is $150. The manager's goal is to maximize profits.
Required:
What is not a feasible solution?
Answer:
Please see below for answer
Explanation:
It would not be feasible to invest the entire $75,000 amount on making double beds. Although the profit margin for the double beds is twice that of twin beds, it also requires more storage space and the market demand for double beds may not be as high as the twin beds. Hence, making double beds and ignoring twin beds completely might not make as much profit due to not being sold to begin with.
Todd can afford to pay $375 per month for the next 7 years in order to purchase a new car. The interest rate is 6.5 percent compounded monthly. What is the most he can afford to pay for a new car today
Answer:
The most he can afford to pay = $25,260.07
Explanation:
The most he can afford to pay is the present value of the $375 per month discounted at the interest rate of return of 6.5% p.a
PV = A× (1- (1+r)^(-n))/r
PV = ?, A- 375, r- 6.5/12= 0.541% n= 12×7 = 84
PV = 375× (1- (1.00541)^(-84) )/0.00541= 25260.071
The most he can afford to pay = $25,260.07
Note: the monthly interest rate needed to be computed by dividing 6.5% by 12 and the number of months in 7 years is 7 × 12 = 84
The recognition of the need for organizations to improve the state of people, the planet, and profit simultaneously is referred to as need for organizations to improve the state of people, the planet, and profit simultaneously is referred to as
Answer:
The correct answer is: Corporate Social Responsibility (CSR).
Explanation:
To begin with, the concept known as ''Corporate Social Responsibility'' refers to a type of position adopted by the organization in order to achieve certain goals that are related to the subjects of the state of people, the health of the planet and its environment and take all that and combine it with the typically normal profit goal of every business so in that way the members of the organization can act with the purpose of achievieng all those.
Reliable Gearing currently is all-equity-financed. It has 17,000 shares of equity outstanding, selling at $100 a share. The firm is considering a capital restructuring. The low-debt plan calls for a debt issue of $270,000 with the proceeds used to buy back stock. The high-debt plan would exchange $470,000 of debt for equity. The debt will pay an interest rate of 11%. The firm pays no taxes.
Required:
a. What will be the debt-to-equity ratio if it borrows $220,000?
b. If earnings before interest and tax (EBIT) are $130,000, what will be earnings per share (EPS) if Reliable borrows $220,000?
c. What will EPS be if it borrows $420,000?
Answer:
a. 0.15
b. $7.15 per share
c. $6.55
Explanation:
a. What will be the debt-to-equity ratio if it borrows $220,000?
Market value of equity = 17,000 * $100 = $1,700,000
Since the proceeds of a debt issue of $270,000 is used to buy back stock, we have:
Remaining market value of equity = $1,700,000 - $220,000 = $1,480,000
Therefore,
Debt-to-equity ratio = Debt / Remaining market value of equity = $220,000 / $1,480,000 = 0.15.
b. If earnings before interest and tax (EBIT) are $130,000, what will be earnings per share (EPS) if Reliable borrows $220,000?
Remaining number of shares = Remaining market value of equity / Market price per share = $1,480,000 / $100 = 14,800 shares
Interest on debt = $220,000 * 11% = $24,200
Tax = $0
Earning after interest and tax = EBIT - Interest on debt - Tax = $130,000 - $24,200 - $0 = $105,800
EPS = Earning after interest and tax / Remaining number of shares = $105,800 / 14,800 = $7.15 per share
c. What will EPS be if it borrows $420,000?
Remaining number of shares = ($1,700,000 - $420,000) / $100 = 12,800 shares
Interest on debt = $420,00 * 11% = $46,200
Tax = $0
Earning after interest and tax = EBIT - Interest on debt - Tax = $130,000 - $46,200 - $0 = $83,800
EPS = Earning after interest and tax / Remaining number of shares = $83,800 / 12,800 = $6.55 per share
The expense recognition principle indicates: Multiple Choice the ordering of current assets and current liabilities on the balance sheet. where expenses should be presented on the income statement. how expenses should be split between the income statement and the balance sheet. when costs are recognized as expenses on the income statement.
Answer:
when costs are recognized as expenses on the income statement.
Explanation:
The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.
The expense recognition principle indicates when costs are recognized as expenses on the income statement.
For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the expense recognition principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.
Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.
Sauber's washer-dryer is available in four stylish finishes: stainless steel, pearl white, gunite gray, and obsidian. Although the cycle time is 20% longer than average, the machine runs quietly and offers 10 wash, 5 spin, and 8 dry options. A programmable timer allows users to program a wash up to 23 hours in advance. The manufacturer's suggested retail price is $1499, which is more expensive than U.S. brands' washer-dryer combinations, which average around $1000. Choose the two variables that would be most predictive of purchase intent for the All-in-One washer-dryer.
a. household size: how many people?
b. dwelling type: apartment, condo, or house.
c. religious orientation: beliefs and worship.
Answer:
a and b
Explanation:
Religious orientation has nothing to do with how much money to spend or what machine to use
A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who have less experience (holding constant the amount of formal education). True or False: This might be the case because more experience decreases the value of the marginal product of labor. True False Some studies have also found that experience at the same job (called job tenure) has an extra positive influence on wages. Job tenure is valuable because people gain that is useful to the firm.
Answer:
A. TRUE
B1. TRUE
B2. Job Specific Knowledge
Explanation:
1. TRUE because more experience will definitely means more on-the-job training because the employee has gain different experience from either same field or different field which will inturn help to increase the worker's value of the marginal product of labor which is why workers who have more experience in the labor force are tend to be paid more than workers who have less experience or no experience.
B1. TRUE because experience gain at the same job will definitely lead to an extra positive influence on wages.
B2. Job tenure is valuable because people will tend to be able to gain JOB SPECIFIC KNOWLEDGE that is useful to the firm.
JOB SPECIFIC KNOWLEDGE: can be defined as the way in which workers or an employee shows his or her abilities, skills and strengths in order to excel in that specific job which is why employers of labour will often include the skill that is required for the employee to be able to perform the job in their job posting.
Answer:
Explanation:
The correct answer to the first question is false, not true. Trust me
Sink and Tap Inc. is looking at a 4-year project for making taps. Initial investment in equipment will be $754,000. Each unit will be sold for $230. Annual fixed costs, not including depreciation, will be $333,000. Variable costs per unit will be $102.40. The applicable discount rate is 12 percent, and the tax rate is 21 percent. Assume straight- line depreciation to zero and no market salvage value. Use goal seek (or any other method) to find the present value break-even point in units per year.
Select one:
a. 5340
b. 5930
c. 4848
d. 4680
e. 5200
Answer:
the present value break-even point in units per yea is 4680 units. the option (d) is correct
Explanation:
Solution
Given that:
The initial cash flow = $754,000
The project life is = four years
Thus,
Contribution = sales - variable costs
So,
Sales = quantity * the price
Let the Quantity be Y
$230 Y - $102.40 Y
=127.60 Y
Now,
The operating income = Contribution -fixed costs
which is,
127. 60 Y- (Other depreciation or decrease + decrease)
127. 60 Y- ( $333,000 + ($754,000/4))
= 127. 60 Y- ( $333,000 + $188,500)
Thus,
127. 60 Y - $521, 500
Now,
Tax rate at 21% on operating income is =26.796 Y - 109. 515
The profit after tax = operating income - tax
(127. 60 Y - $521, 500) -(26.796 Y - 109. 515)
= 100.804 Y - 411, 985
Additional depreciation = $188, 500
The operating cash inflow per year = 100.804 Y - 411, 985 + $188, 500
Thus,
The PVAF for 12 years , 4% = 3.037349
PV of operational cash inflow = 306.18 Y - 678, 802.02
However,
For the break even point: the initaila cash flow = The PV of functioning or operational cash inflow
So,
306.18 Y - 678, 802.02 =$ 754,400
306.18 Y = 1, 432, 802.02
Y = 4680 Units
Alpaca Corporation had revenues of $250,000 in its first year of operations. The company has not collected on $18,900 of its sales and still owes $27,000 on $96,000 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $12,700 in salaries. Owners invested $14,000 in the business and $14,000 was borrowed on a five-year note. The company paid $3,800 in interest that was the amount owed for the year, and paid $7,800 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 40%. (Assume taxes are paid in the same year). Compute the cash balance at the end of the first year for Alpaca Corporation.
Answer:
$84,360.00
Explanation:
The cash balance at the end of the year is simply total cash receipts minus total cash payments which is further analyzed below:
Cash receipt from sales=total sales-accounts receivable=$250,000-$18,900=$ 231,100.00
Cash paid for merchandise purchase=purchases-accounts payable=$96,000-$27,000=$69,000
Salaries paid $12,700
Cash from owners is $14,000
cash from borrowing is $14,000
interest paid is $3800
insurance paid is $7,800
Tax paid=(sales-purchases-salaries paid-insurance cost(one year)-interest paid)*tax rate
insurance for one year=$7800*1/2=$3,900
tax paid=($250,000-$96,000-$12,700-$3,800-$3,900)*40%=$53440
Cash balance=$231,100-$69,000-$12,700+$14,000-$14,000-$3800-$7800-$53440=$84,360.00
Calvin Manufacturing purchased new equipment that reduces setup times when employees change templates between production runs. This equipment has also improved quality control measures throughout the entire manufacturing process. What type of technology is Calvin Manufacturing using
Answer:
Lean production
Explanation:
Lean production refers to the management approach in which the company reduced its cost or do cost cutting so that it can improve the quality of their product and services. It is applied to each level each department of management like - design, production, etc
In the given situation, Calvin Manufacturing reduced their setup times that results in improving their quality control measures
So this situation represent the lean production technology
Lopez Corporation incurred the following costs while manufacturing its product.Materials used in product $120,000 Advertising expense $45,000Depreciation on plant 60,000 Property taxes on plant 14,000Property taxes on store 7,500 Delivery expense 21,000Labor costs of assembly- 110,000 Sales commissions 35,000line workersFactory supplies used 23,000 Salaries paid to sales clerks 50,000Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and $45,600 at December 31.Compute:____ Cost of goods manufactured $Compute cost of goods sold.
Answer:
Cost of goods manufactured is $323,500
Cost of goods sold is $337,900
Explanation:
Given:
Materials used in product = $120,000
Advertising expense = $45,000
Depreciation on plant = $60,000
Property taxes on plant = $14,000
Property taxes on store = $7,500
Delivery expense = $21,000
Labor costs of assembly-line workers = $110,000
Sales commissions = $35,000
Factory supplies used = $23,000
Salaries paid to sales clerks = $50,000
Work in process inventory was $12,000 at January 1 and $15,500 at December 31.
Finished goods inventory was $60,000 at January 1 and $45,600 at December 31.
(a) Cost of goods manufactured = Materials used in product + Depreciation on plant + Labor costs of assembly-line workers + Property taxes on plant + Factory supplies used + Beginning work in process - ending work in process
= $120,000 + $60,000 + $110,000 + $14,000 + $23,000 + $12,000 - $15,500
= $323,500
(b) Cost of goods sold = Cost of goods manufactured + opening finished goods inventory - Closing finished goods inventory
= $323,500 + $60,000 - $45,600
= $337,900
Based on the given information,
The cost of goods manufactured is $323,500
cost of goods sold $337,900
Calculations are as follows
(a) Cost of goods manufactured =Depreciation on plant + Materials used in product +Property taxes on plant + Labor costs of assembly-line workers + Factory supplies used + Beginning work in process - ending work in process
= $120,000 + $60,000 + $110,000 + $14,000 + $23,000 + $12,000 - $15,500
= $323,500
(b) Cost of goods sold = Cost of goods manufactured + opening finished goods inventory - Closing finished goods inventory
= $323,500 + $60,000 - $45,600
= $337,900
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Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $30,000 and $20,000, respectively. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $38,000. a. What is the amount of a gain or loss on realization
Answer:
$12,000
Explanation:
The amount of a gain or loss on realization is the difference between the sum of capital balances of partners and cash balance after settling all liabilities.
Total capital balances = $30,000 + $20,000 = $50,000
Total loss = Cash balance - Total capital balances = $38,000 - $50,000 = $12,000 loss.
Therefore, the amount of loss on realization is $12,000.
Krisp Systems decides to move production to a developing country where they are free to pump pollutants into the atmosphere without legal restriction. By doing this, the company is contributing to:_______
a. corporate social responsibility.
b. corruption.
c. cultural relativism.
d. the global tragedy of the commons.
e. sustainability
Answer: the global tragedy of the commons
Explanation:
The tragedy of the commons is a term that is used to refer to a situation whereby resources that are held in common by everyone but owned by no one and is therefore overused by individuals which results in degradation.
Krisp Systems moves production to a developing country where they can pump pollutants into the atmosphere without any legal restriction will lead to
global tragedy of the commons. Here, the global tragedy is that Krisp system will only work in their own interest and exploit the resources at the detriment of the people which will lead to pollution.
Answer:
d. the global tragedy of the commons.
Explanation:
The tragedy of the commons is a situation that arises as a result of the selfish interest of people who exploit the shared economic resources at the expense and detriment of other users of the resources in the environment. Activities which result in Tragedy of the commons would cause pollution of the environment, excessive consumption, as well as the depletion of resources. A way to curb this sort of exploitation is by the regulation of the activities of companies by the government. This would ensure that certain limits are not overstepped.
When Krisp Systems decides to bypass this regulation by moving to a developing country where they are free to pump pollutants into the atmosphere, they are in effect contributing to the tragedy of the commons.
Interstate Delivery Service is owned and operated by Katie Wyer. The following selected transactions were completed by Interstate Delivery during May:Indicate the effect of each transaction on the following accounting equation elements (Assets, Liabilities, Common Stock, Dividends, Revenue, and Expense). Also indicate the specific item within the accounting equation element that is affected. To illustrate, the answer to (1) follows:(1) Asset (Cash) increases by $18,000; Common Stock increases by $18,000. Element Item Direction1. Received cash in exchange for common stock, $18,000. Asset Cash Increases Common Stock Increases2. Paid advertising expense, $4,850. 3. Purchased supplies on account, $2,100. 4. Billed customers for delivery services on account, $14,700. 5. Received cash from customers on account, $8,200.
Answer and Explanation:
The indication and effect of each transaction are as follows
Particulars Element Item Direction
1. Received cash in exchange
for common stock, $18,000. Asset Cash Increases
Common Stock Increases
It increased both assets and the common stock
2. Paid advertising expense,
$4,850. Expense Advertising Expense Increases
Asset Cash Decreases
It increased the expenses and reduced the assets
3. Purchased supplies on account,
$2,100. Asset Supplies Increases
Liability Accounts Payable Increases
It increased the assets and also increased the liabilities
4. Billed customers for delivery
services on account, $14,700. Asset Accounts Receivable Increases
Revenue Delivery Service Fees Increases
It increased the assets and the revenue is also increased
5. Received cash from
customers on account, $8,200. Asset Cash Increases
Asset Accounts Receivable Decreases
It increased the assets in cash but it reduced the assets i.e account receivable
Answer: I took this class, these are the answers
Explanation:
The indication and effect of each transaction are as follows
Particulars Element Item Direction
1. Received cash in exchange
for common stock, $18,000. Asset Cash Increases
Common Stock Increases
It increased both assets and the common stock
2. Paid advertising expense,
$4,850. Expense Advertising Expense Increases
Asset Cash Decreases
It increased the expenses and reduced the assets
3. Purchased supplies on account,
$2,100. Asset Supplies Increases
Liability Accounts Payable Increases
It increased the assets and also increased the liabilities
4. Billed customers for delivery
services on account, $14,700. Asset Accounts Receivable Increases
Revenue Delivery Service Fees Increases
It increased the assets and the revenue is also increased
5. Received cash from
customers on account, $8,200. Asset Cash Increases
Asset Accounts Receivable Decreases
It increased the assets in cash but it reduced the assets i.e account receivable
German brothels recently began offering a monthly subscription service for multiple purchasers. If you thought that the brothels' encouragement of prostitution was immoral to begin with, would you consider this pricing plan to be even more immoral? Suppose a particular patron at a German brothel has the following willingness-to-pay schedule for services at the brothel, per session. Session Willingness to Pay 1st $105 2nd $90 3rd $75 4th $60 5th $45 6th $30 Suppose this consumer would not demand any more sessions, even for free. Also assume that the marginal cost to the brothel, per session, is constant at $15. At a price of $82.50 per session, the number of sessions demanded by this consumer would be . At this price and quantity, consumer surplus is
Answer:
The pricing plan of the is even more immoral to buttress that the fact that brothel was encouraged, the fact that subscription packages was introduced will enhance the practice of prostitution which also has a pricing system which is aimed at I creasing the producer surplus.
Explanation:
Given the following :
Session - - - - - Willingness to Pay
1st - - - - - $105
2nd - - - - $90
3rd - - - - -$75
4th - - - - - $60
5th - - - - - $45
6th - - - - - $30
At price of $82.50 per session, the number of sessions demanded by this consumer will be 2.
Consumer surplus = ($105 - $82.50) = $22.50
Producer surplus = ($82.50 - $22.50) = $60
Assume that the economy has three types of people. 20% are fad followers, 75% are passive investors, and 5% are informed traders. The portfolio consisting of all informed traders has a beta of 1.4 and an expected return of 16%. The market has an expected return of 10% and the risk-free rate is 4%. The alpha for the informed investors is closest to:
Answer:
3.6%
Explanation:
The computation of the alpha for the informed investors is shown below:
As we know that
Expected rate of k = Risk free rate of return + Beta × (Market rate of return - Risk free rate of return) + Alpha
16% = 4% + 1.4 × (10% - 4%) + Alpha
16% = 4% + 8.4% + Alpha
16% = 12.4% + Alpha
So,
Alpha = 3.6%
We simply applied the above formula to determine the alpha
The rate of return is a metric for determining whether an investment has made a profit or loss money over time.
Given Information:-
Beta=1.4Expected return=16%expected return=10%Risk-free rate=4%
The computation of the alpha for the informed investors is shown below:
Expected rate of k = Risk free rate of return + Beta × (Market rate of return - Risk free rate of return) + Alpha
16% = 4% + 1.4 × (10% - 4%) + Alpha
16% = 4% + 8.4% + Alpha
16% = 12.4% + Alpha
Alpha = 3.6%
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Willetta Company purchases inventory for $29,000 with terms 2/10, n/30. It then returns $3,900 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $290. The company pays the amount due within the discount period. What is the amount of the discount that will be taken
Answer:
Discount taken is $496.20
Explanation:
The amount of purchases after some items were returned and also defective inventory allowance was taken needs to first of all be established.
adjusted purchases=$29,000-$3,900-$290=$ 24,810.00
Thereafter, the amount of discount taken is 2% of the adjusted purchases amount computed above.
Discount taken=$ 24,810.00*2=$ 496.20
The term _____ can be best defined as a feeling of intrinsic motivation, in which workers perceive their work to have meaning and perceive themselves to be competent, having an impact, and capable of self-determination. a. reciprocity b. empowerment c. utility d. autonomy e. delegation
Answer:
D
Explanation:
The self determination theory is a theory of motivation that examines extrinsic and intrinsic motivation.
The theory states that humans have innate needs. If this needs are satisfied, humans would grow and function optimally. They include :
1. Autonomy - the desire to be in charge of one's life. It is the feeling of intrinsic motivation, in which workers perceive their work to have meaning and perceive themselves to be competent, having an impact, and capable of self-determination
2. Relatedness - the desire to relate and interact with other people.
3. Competence. This is the desire to achieve mastery.
Autonomy is when
Answer:
b. empowerment.
Explanation:
This is explained to be a great act of giving someone power, this is in the form of more freedom and also rights to be productive. This gives the said person a natural flay; if seen in a business place or at place of work, it gives the worker or workers a sense of collaboration, making them share values, pull resources together and happily achieve goals that sharpen their psychs and make the company take great steps to greater heights as this empowerment is not only for the company, because it makes the said workers determined and also self competent in their working activities.
The Melrose Corporation produces a single product, Product C. Melrose has the capacity to produce 90,000 units of Product C each year. If Melrose produces at capacity, the per unit costs to produce and sell one unit of Product C are as follows:
Direct materials $22.80
Direct labor $18.60
Variable manufacturing overhead $14.20
Fixed manufacturing overhead $16.00
Variable selling expense $12.80
Fixed selling expense $8.40
The regular selling price of one unit of Product C is $100.80. A special order has been received by Melrose from Moore Corporation to purchase 3,500 units of Product C during the upcoming year. If this special order is accepted, the variable selling expense will be reduced by 75%. Total fixed manufacturing overhead and fixed selling expenses would be unaffected except that Melrose will need to purchase a specialized machine to engrave the Moore name on each unit of product C in the special order. The machine will cost $6,300 and will have no use after the special order is filled. Assume that direct labor is a variable cost.
Assume that Melrose expects to sell 68,000 units of Product C to regular customers next year. At what selling price for the 3,500 units would Melrose be economically indifferent between accepting and rejecting the special order from Moore?
a. $59.10
b. $60.60
c. $81.10
d. $82.60
Answer:
Indifferent selling price =$67 per units
Explanation:
The selling at which Mel rose would be economically be indifferent between accepting and rejecting the special order from Moore is that that equates the relevant cost of making to the revenue from t
Relevant variable cost making
= 22.80 + 18.60 + 14.20 + (75%×12.80) = $65.2
$
Variable cost of special order (= $65.2 × 3,500)= 228,200
Cost of machine 6,300
Total relevant cost of special order 234,500
The price at which Melrose would be indifferent
= total relevant cost/ number of units
$234,500/3500 units
=$67 per units
A company started the year with the following: Assets $121,000; Liabilities $41,500; Common Stock $71,500; Retained Earnings $8,000. During the year, the company earned revenue of $6,400, all of which was received in cash, and incurred expenses of $3,700, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $2,400 to owners. Assume no other activities occurred during the year. The amount of liabilities at the end of the year is
Answer:
$45,200
Explanation:
According to the scenario, the computation of the given data are as follows:
Liabilities = $41,500
Expense incurred during year = $3,700
So, we can calculate the total amount of liabilities by using the following formula:
Liabilities at the end of the year = Liabilities + Expense incurred
Liabilities at the end of the year = $41,500 + $3,700
= $45,200
Swiss Group reports net income of $26,000 for 2017. At the beginning of 2017, Swiss Group had $184,000 in assets. By the end of 2017, assets had grown to $234,000. What is Swiss Group's 2017 return on assets?
Answer:
12.44%
Explanation:
The computation of the return on assets is shown below:
As we know that
Return on asset = Net income ÷ Average of total asset
= ($26,000) ÷ ($184,000 + $234,000) ÷ 2
= ($26,000) ÷ ($209,000)
= 12.44%
We simply applied the above formula so that the return on assets could be determined
Therefore we considered all the information given in the question
Answer:
12.44
Explanation:
Felix and Freddie are married with annual taxable income of $230,000. They pay income tax according to the following schedule: Over-----But Not Over-----Tax Rate $0............$43,850..............15% $43,850.....$105,950.............??? $105,950....$361,450............31% If the total personal income tax they pay is $58,074, which of the following comes closest to the tax rate for income between $43,850 and 105,950 (the middle tax rate)?
a. 21%
b. 24%
c. 25%
d. 225
e. 23%
Answer:
a. 21%
Explanation:
Felix and Freddie
Tax paid for first will be :
$43,850 ×15%
=$6,577.5
Taxable income $124,050
($230,000-$105,950)
Taxable payable $38,455.5
($124,050*31%)
Remaining tax payable $13,041
($58,074-$6,577.5-$38,455.5)
÷
Remaining taxable income $62,100
($105,950-$43,850)
Tax rate between $43,850 and 105,950 will be:
$13,041÷$62,100
=0.21×100
=21%
g Suppose that more British decide to vacation in the U.S. and that the British purchase more U.S. Treasury bonds. Ignoring how payments are made for these purchases, a. the first action by itself raises U.S. net exports, the second action by itself raises U.S. net capital outflow. b. the first action by itself raises U.S. net exports, the second action by itself lowers U.S. net capital outflow. c. the first action by itself lowers U.S. net exports, the second action by itself raises U.S. net capital outflow. d. the first action by itself lowers U.S. net exports, the second action by itself lowers U.S. net capital outflow.
Answer:
b. the first action by itself raises U.S. net exports, the second action by itself lowers U.S. net capital outflow.
Explanation:
Net exports are equal to the difference between the value of a nation's total export of goods, services and the value of all the goods and services it imports.
U.S. net export raises as more British decide to vacation in the U.S. and U.S. net capital outflow reduces as the British purchase more U.S. Treasury bonds.
So, option b is correct.
Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20% down payment, how expensive of a home can Tedd purchase using a 4%, 30 year mortgage
Answer:
The total loan value would be of $261,825
Explanation:
In order to calculate how expensive of a home can Tedd purchase using a 4%, 30 year mortgage we would have to calculate first the amount of annual payments as follows:
amount of annual payments = $48,000*0.25 = $12,000
PMT = 12,000/12 = 1000
FV = 0
rate = 4%/12
N = 30*12
Hence, use FV function in Excel amount after down payment = $209,461.24
this represents 80% of the loan , so total loan value = $209,461.24/0.8 = $261,825
The total loan value would be of $261,825
The total loan amount is $261,825.
The calculation is as follows:Amount of annual payments = 25% of $48,000 = $12,000
PMT = 12,000 ÷ 12 = $1,000
FV = $0
Rate = 4% ÷ 12 = 0.333%
N = 30 × 12 = 360
Here we have to apply the FV function in the excel.
So,
Amount after downpayment = 209,461.24
The above amount represents 80% of the loan
Now
Total loan value is
= $209,461.24 ÷ 0.8
= $261,825
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Skilled versus unskilled labor markets Consider the labor markets for unskilled workers and skilled workers in the United States. Suppose you read the following newspaper headline: "The U.S. Department of Education Issues Report on Increased Productivity Effects of a College Education, but College Enrollment Remains Constant." The previous scenario primarily affects the labor market for ______ workers.
Answer: Skilled Workers.
Explanation:
Skilled workers refers to those with the skills and abilities required to work in their various tasks. Often these skills are gained from tertiary level institutions such as Universities, Colleges or Technical Schools.
When the report speaks of how having a college education leads to increased productivity, it is targeting skilled workers who as the definition states, have probably gone to College or Universities and the like.
This report will increase the labour market for skilled college education holders as companies might want to hire them more to gain from the reported increased productivity.
Miller Company's most recent contribution format income statement is shown below:sales (20,000 units)............300,000 15.00Variable expenses.............180,000 9.00CM ..............................120,000 6.00Fixed expense................. 70,000Net operating income......... 50,000Required:Prepare a new contribution format income statement under each of the following conditions (consider each case independently):1. The number of units sold increases by 15%.2. The selling price decreases by $1.50 per unit, and the number of units sold increases by 25%.3. The selling price increases by $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%.4. The selling price increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%.
Answer:
Miller Company
New contribution format income statement under each of the following conditions (consider each case independently):
1. The number of units sold increases by 15%.
Sales (23,000 units) $345,000 ( unit price $15.00)
Variable expenses $207,000 ( unit cost $9.00)
Contribution Margin $138,000 ( unit $6.00)
Fixed expense $70,000
Net operating income $68,000
2. The selling price decreases by $1.50 per unit, and the number of units sold increases by 25%.
Sales (25,000 units) $337,500 ( unit price $13.50)
Variable expenses $225,000 ( unit cost $9.00)
Contribution Margin $112,500 ( unit $4.50)
Fixed expense $70,000
Net operating income $42,500
3. The selling price increases by $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%.
Sales (19,000 units) $313,500 ( unit price $16.50)
Variable expenses $171,000 ( unit cost $9.00)
Contribution Margin $142,500 ( unit $7.50)
Fixed expense $90,000 ($70,000 + 20,000)
Net operating income $52,500
4. The selling price increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%.
Sales (18,000 units) $302,400 ( unit price $16.80)
Variable expenses $172,800 ( unit cost $9.60)
Contribution Margin $129,600 ( unit $7.20)
Fixed expense $70,000
Net operating income $59,600
Explanation:
a) Contribution Format Income Statement as per question:
Sales (20,000 units) $300,000 ( unit price 15.00)
Variable expenses $180,000 ( unit cost 9.00)
Contribution Margin $120,000 ( unit 6.00)
Fixed expense $70,000
Net operating income $50,000
b) The contribution format income statement can be prepared under different scenarios to account for different events as in the above. They are estimates of future occurrences under scenario planning and analysis which can help management to make informed decisions, knowing the outcome of each situation.
Support agents at Universal Containers research solutions to customer issues by asking various subject matter experts (SMEs) at the company.Which three features will allow Support Agents to quickly document the details of these meetings? (Choose three.)
A. Case Feed
B. Workflow Email Alerts
C. Case Group
D. Case Comments
E. Events
Answer:
A,C,D
Explanation:
Remember, we are told the issue concerns "support agents" working for a company–Universal Containers. Thus, they will be using Salesforce inorder to document their findings.
i. Case feed is one useful feature that quickly allows the support agents to edit, store and change the status of cases where necessary.
Ii. Case group is another useful feature to group cases that the support agents consider as been interrelated.
iii. Case comments feature allows them to read through case by case comment from the participants in the research, allowing proper insight into minds of the customers.
g Transfer payments are a. included in GDP because they represent income to individuals. b. included in GDP because they eventually will be spent on consumption. c. not included in GDP because they are not payments for currently produced goods or services. d. not included in GDP because taxes will have to be raised to pay for them.
Answer: c. not included in GDP because they are not payments for currently produced goods or services.
Explanation: Transfer payments are usually not included in the GDP because they do not represent payments made for recently produced goods or services.
The Gross Domestic Product (GDP) is the monetary value attached to all finished goods and services produced within a country during a time period.
Interest During Construction Dexter Construction Corporation is building a student condominium complex; it started construction on January 1, Year 1. Dexter borrowed $1 million specifically for the project by issuing a 10%, 5-year, $1 million note, which is payable on December 31 of Year 3. Dexter also had a 12%, 5-year, $3 million note payable and a 10%, 10-year, $1.8 million note payable outstanding all year. In Year 1, Dexter incurred costs as follows: January 1 $280,000 March 1 600,000 June 30 1,000,000 November 1 480,000 Calculate Dexter's capitalized interest on the student condominium complex for Year 1. Capitalized interest
Answer:
$140,500
Explanation:
first we must calculate the weighted average accumulated expenditures:
incurred costs as follows:
January 1: $280,000 x 12/12 = $280,000
March 1: $600,000 x 10/12 = $500,000
June 30: $1,000,000 x 6/12 = $500,000
November 1: $480,000 x 2/12 = $80,000
total = $1,360,000
now we must calculate the weighted average interest rate on the non construction debt:
12% x $3 million = $360,000
10% x $1.8 million = $180,000
total = $540,000 / ($3,000,000 + $1,800,000) = 11.25%
capitalized interest:
$1,000,000 x 10% (specific construction debt) = $100,000
$360,000 x 11.25% (non construction debt) = $40,500
total $140,500
As an employee in the Lottery Commission, your job is to design a new prize. Your idea is to create two grand prize choices: (1) receiving $50,000 at the end of each year beginning in one year for 20 consecutive years, or (2) receiving $500,000 today followed by a one-time payment at the end of 20 years. Using an interest rate of 6%, which of the following comes closest to the amount prize (2) needs to pay at the end of year 20 in order that both prizes to have the same present value?
a. $ 326,649
b. $ 440,463
c. $ 114,932
d. $ 393,342
e. $ 235,712
Answer:
The correct option is $235,712,option E
Explanation:
The present value of prize(1) can be computed by using the excel pv formula as shown below:
=-pv(rate,nper,pmt,fv)
rate is interest rate of 6%
nper is the number of years payment would be made which is 20
pmt is the amount of money received per year which is $50,000
fv is the total future worth of the prize (1) which is unknown
=-pv(6%,20,50000,0)
=$573,496.06
The difference between present value of prize(1) $573,496.06 and $500,000 receivable from prize (2) today is $73,496.06
The difference is today's worth, its future worth can be computed thus:
FV=PV*(1+r)^n
PV is $73,496.06
r is 6%
n is 20 years
FV=$73,496.06*(1+6%)^20 =$ 235,711.82
The amount that prize (2) needs to pay after 20 years so that both prizes bear the same present value is closer to Option B. $440,463.
Data and Calculations:
N (# of periods) = 20 years
I/Y (Interest per year) = 6%
PMT (Periodic Payment) = $50,000
FV (Future Value) = $0
Results:
Present Value (PV) = $573,496.06
Sum of all periodic payments = $1,000,000.00
Total Interest = $426,503.94
Thus, the amount that prize (2) needs to pay after 20 years so that both prizes bear the same present value is closer to Option B.
Learn more about the present value of cash flows here: https://brainly.com/question/24674907
