the beginning of the year, Vendors, Inc., had owners' equity of $50,630. During the year, net income was $6,850 and the company paid dividends of $4,630. The company also repurchased $8,930 in equity. What was the owners' equity account at the end of the year
Answer:
Owner's equity at the end = $43920
Explanation:
Given below is the informations:
Begining equity = $50630
Net income = $6850
Dividend paid = $4630
Repurchased = $8930
Below is the calculation for the owner's equity at the end.
Owner's equity at the end = Begining equity + Retained earning - Repurchased
Retained earning = 6850 - 4630 = 2220
Owner's equity at the end = 50630 + 2220 - 8930
Owner's equity at the end = $43920
Mitchell waited until July 5, 2019, to file his 2018 Form 1040 return. He did request an extension and paid 90% of the anticipated balance due on April 15, 2019. His remaining balance due on his 2018 return is $88. What is his failure to file penalty
Answer:
The answer is "$0".
Explanation:
Following are the Tax code of the IRS, taxpayers high school ask that their return on their tax return be extended on a deadline but must thus pay at least 90% of all tax owed, so how they can suffer the nonpayment penalty.
All remainder of the taxes being paid should be paid by the additional due date set by the taxpayer. Companies will have to pay the tax interest just after the due date if they do not pay.
For this reason, M requires timely prolongation and pays 90% of the remainder by the due date. Therefore, 'M' won't be obliged to pay any taxman's failure-to-pay penalty. Therefore, M fails to file $0.
General Products writes checks that average $26,000 daily. These checks take an average of 6 days to clear. It receives payments that average $28,000 daily. It takes 3 days before these checks are available to the firm. What would be the annual savings if General Products could obtain access to the payments it receives within 2 days
Answer: $1,680
Explanation:
It currently takes 3 days for checks to be available to the firm. If these payments could be available in 2 days then that would mean that they get access to $28,000 a day earlier than normal.
To calculate the annual savings, we shall assume an interest rate of 6% as one is not included.
Annual savings = Interest rate * Average payment
= 6% * 28,000
= $1,680
Michigan Co. just paid a dividend of $2 per share. Analysts expect future dividends to grow at 20% per year for the next 4 years and then grow at 6% per year thereafter. Calculate the expected dividend in year 5.
Answer:
4.40
Explanation:
Calculation to determine the expected dividend in year 5
Using this formula
DIV6=(Dividend)(1+Expected future dividend growth rate)^n(1+Expected future dividend growth rate thereafter)
Let plug in the formula
DIV6=(2.00)(1+.20)^4(1+.06)
DIV6=(2.00)(1.20)^4(1.06)
DIV6=4.40
Therefore the expected dividend in year 5 will be 4.40
You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 3.9 percent indefinitely. The company just paid a dividend of $3.62 and you feel that the required return on the stock is 11.7 percent. What is the price per share of the company's stock
Answer:
$48.2
Explanation:
The increase in dividend is 3.9%
= 3.9/100
= 0.039
The recently paid dividend is $3.62
The required return is 11.7%
= 11.7/100
= 0.117
Therefore the price per share of the company stock can be calculated as follows
= 3.62(1+0.039)/0.117-0.039
= 3.62(1.039)/0.078
= 3.761/0.078
= 48.2
Hence the price per share is $48.2
1. Differentiate barometric price leadership and dominant price leadership.
Answer: See explanation
Explanation:
Price leadership is when a leading firm that is in a particular industry has enough influence such that it can determine the price of the goods in the market. There are three main models of price leadership which are the barometric price leadership, collusive price leadership and the dominant price leadership.
Barometric price leadership is when the price leader acts as the barometer of the prevailing market conditions for the other firms that are in the industry. In such case, when a company sets the price of the products, the other companies do the same.
The dominant price leadership model occurs when a firm has the large amount of market share in the industry.
Your executive team is working on the new vision statement for the company. You notice some people keep confusing the vision statement with a mission statement. You explain that the vision is the _____ and the mission is the _____ for the company g
Group of answer choices.
A. what & how; why.
B. why; who & what.
C. how; what & why.
D. what; how & why.
E. why; what & how.
Answer:
D. what; how & why.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
Vision is an ideal future conditions that aligns with the purpose for which an organization or business is in operation. Thus, it's a path that guides an organization into achieving a certain height in the future.
Basically, a vision statement answers the question of what an organization would want to be, by combining its current and future objectives.
On the other hand, a mission statement is typically a description of the overall goal or purpose for which an organization was established and what it hopes to achieve in the future.
In conclusion, you should explain that the vision is the what and the mission is the how and why for the company.
O levantamento de informações detalhadas dos processos é uma atividade que auxilia na
compreensão do negócio, assim como permite identificar atividades que, por vezes, podem
passar despercebidas na aplicação de outras técnicas.
Nesse contexto, imagine que você é o analista de negócios de uma organização que atua com
reciclagem de materiais sólidos. Essa organização possui diversos processos, dos quais
podemos destacar o recebimento do material, a separação por categorias e o encaminhamento
do material separado aos distribuidores.
Inicio
Receber
Material
Separar
material
Encaminhar
material separado
Fim
Dessa forma, você, como analista de negócios dessa organização, decidiu utilizar a técnica de
observação pessoal para realizar o levantamento detalhado desses processos.
Considerando as características da técnica de observação pessoal, descreva as atividades
que você executará para observar um desses processos, destacando as ações que
devem ser realizadas para a correta aplicação da técnica.
Name the device that are to measure volume of a liquid
_____ is a broad area that encompasses such things as brochures, signs, logos, television advertisements, newspaper advertisements, sales techniques, and internal business design
Answer:
Market support
Explanation:
Market support is defines as all promotional materials and efforts that are geared towards efficient distribution and sales of products.
It involves use of materials such as brochures, signs, logos, television advertisements, newspaper advertisements, sales techniques, and internal business design to reach the target customer.
After the producer manufacturers goods he needs marketing support to trade his product to the consumer
Cleghorn Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $160.00 Variable expense per unit $70.40 Fixed expense per month $153,216 Required:Determine the monthly break-even in total dollar sales.
Answer:
$273,600
Explanation:
The selling price per unit is $160
Variable expense per unit is $70.40
Fixed expense per month is 153,216
Therefore the monthly breaking can be calculated as follows
CM ratio = 56%
=>56/100
= 0.56
= 153,216/0.56
= 273,600
Hence the monthly break even in monthly dollars sales is $273,600
Discuss the six HRM practices from which companies can choose for implementing their strategy. Illustrate by specific examples.
Answer:
Six practices of HRM are as :
Training and development.Recruitment and onboarding. Employee relations. Compensation and benefits. Risk management.Corporate policy.Explanation:
Recruitment and on boarding is the first strategy where the candidates are sourced and hired. Its is done to find the best talent for the job. Followed b the training and development to provide different approaches to candidates such as sexual harassment and cyber training. Compensation and benefits such as rocks of losing good talents and keeps the finger on the pulse of industry. Corporate policy done for internal communication's. Employee relation helps the workers deal with the situations.The LIFO inventory cost flow assumes that the cost of the newest goods purchased are: A. assumed to be the first ones sold. B. assumed to be the first ones included ending inventory. C. not included in cost of goods sold or ending inventory. D. assumed to be the last ones to be sold.
Answer: A. assumed to be the first ones sold.
Explanation:
Last in, first out is a method that's used in inventory such that the items that are produced recently will be the ones that will be sold first.
Using this method means that the goods recently produced or bought will be the first to be sold and recorded as cost of goods sold. This therefore means that the report on the inventory will be the lower cost of the old products.
Therefore, the LIFO inventory cost flow assumes that the cost of the newest goods purchased are assumed to be the first ones sold.
Compensation in the United States is governed by a number of laws that set boundaries for what companies can do. The rules governing equal employment opportunity and the Fair Labor Standards Act (FLSA). In the United States, it is illegal to discriminate on the basis of race, sex, or other protected categories in employment practices, including pay. The 1938 FLSA established the minimum wage, requirements for overtime regulations, and employment of minors.The FLSA establishes periodic minimum wages, of which the latest federal minimum wage is $7.25 per hour as of October 2016, although some exceptions apply for training wages and adherence to state minimum-wage laws. The FLSA also establishes overtime pay for wage earners working over 40 hours per week with detailed computation that includes bonuses and piece-rate payments. These employees are considered nonexempt workers because they are covered under FLSA requirements for overtime pay. Those employees who are not covered are considered exempt employees, usually paid salaries, who are in the executive and other professional white-collar jobs. FLSA rules also govern employment of child labor, outlining details from ages under 14 through 18. Finally, two additional federal laws, the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936, govern pay policies of federal contractors.Roll over each iterm to read a specific scenario and drag the items into the appropriate column that best describes them. There are four statements for each category. A. Living wageB. Computer professionals C. Fast-food employee D. Hourly basis E. Salary basis F. Supervisors G. Off the clock H. Higher rates I. Time J. Full-time K. Corporate1. Non-exempt2. Exempt3. Minimum Wage
Answer:
I don't know otherwise please marks me as brainliests..Pharoah Company purchased machinery on January 1 at a list price of $270000, with credit terms 2/10, n/30. Payment was made within the discount period. Pharoah paid $79750 sales tax on the machinery and paid installation charges of $4800. Prior to installation, Pharoah paid $10900 to pour a concrete slab on which to place the machinery. What is the total cost of the new machinery
Answer: $360,050
Explanation:
The total cost of a fixed asset refers to all the cash that was paid to acquire the asset, transport it and then install it.
Cost of the new machinery is therefore = Discounted cost price + Sales tax + Installation charges + Concrete slab
= (270,000 * (1 - 2%)) + 79,750 + 4,800 + 10,900
= 264,600 + 79,750 + 4,800 + 10,900
= $360,050
Cost price was discounted by 2% as per the credit terms of 2/10 which means that there is a discount of 2% if the asset is paid for in 10 days.
Suppose you pay $50 to enter into a raffle with $1,000 prize. If you have a 3% chance of winning comma the expected value of your ticket is________.
Answer:
$-20
Explanation:
Calculation to determine the expected value of your ticket
Using this formula
Expected Value =∑ payoff *Probability
Let plug in the formula
Expected value of ticket =950 ∗.03+(−50) ∗(100%-3%)
Expected value of ticket =950 ∗.03+(−50) ∗.97
Expected value of ticket=−20.
Therefore the expected value of your ticket is $-20
The expected value of your ticket is -$20.
What is the expected value?The expected value is the summation of the multiplication of some random values with their probabilities of occurring.
The expected value estimates the chance that a favorable outcome will result.
Note that the cost of entering the raffle must be incurred whether the prize is won or not.
Data and Calculations:Cost for raffle = $50
Prize for raffle = $1,000
Probability of winning = 3%
Probability of losing = 97% (100% - 3%)
Expected value of winning = -$20 ($1,000 x 3% -$50)
Thus, the expected value of your ticket is -$20.
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Consider the market in which publishers operate.Suppose the price of a fiction book is expected to fall next year.Explain how this event will change the quantity of fiction books supplied and the supply of fiction books today.
Answer:
Supply will increase today.
Explanation:
Supply will increase today because the producer's primary motive is to earn profit so when the price decreases then the profit also decreases. Therefore, when the future expected price is going to fall then the producer will try to earn more profit by selling at a higher price so the current supply will increase for the fiction book.
A vertical aggregate supply curve, where the quantity of output is consistent with many different price levels, also implies: ________.
A. an upward sloping Phillips curve.
B. a downward sloping aggregate demand curve.
C. a vertical aggregate demand curve.
D. a vertical Phillips curve.
Answer:
D. a vertical Phillips curve.
Explanation:
As we know that the aggregate demand does not impact the production quantity. In the case when the total supply is in vertical so the total demand does not impact the quantity of an output
Also aggregate demand may result in change in the price level for inflation
So as per the given situation, the option d is correct
Hence, the same is to be considered
Which of the following statements regarding EBITDA is correct: Select one: a. A defined term in GAAP b. None of the listed answers c. A proxy for net income d. A proxy for operating income e. All of the listed answers
Answer:
b. None of the listed answers
Explanation:
EBITDA means earnings before interest , tax, depreciation and amortization, whereas operating is the gross profit minus all operating costs, since depreciation and amortization, which are operating costs would have been deducted in arriving at EBITDA, it means operating income and EBITDA are not the same.
Net income is gross profIt minus interest,tax ,depreciation and amortization, hence, it is a far cry from EBITDA.
Note also EBITDA is not recognized by generally accepted accounting principles (GAAP) as a performance measure
Georgetown Retail Outlet provided the following financial information: Accounts Receivable balance as of 1/1/2017 $110,000 Accounts Receivable balance as of 12/31/2017 $120,000 Net Credit Sales for the year 2017 $839,500 Cost of Goods Sold for the year 2017 $486,910 Calculate Accounts Receivable Turnover.a. 7.30 days.b. 344.83 days.c. 01.06 days.d. 50.00 days.
Answer: 7.3 times
Explanation:
The Accounts Receivable Turnover Ratio is an activity ratio that shows how well a company collects the debts owed to it as well as how well it gives out credit.
It is calculated by the formula:
= Net Credit sales / Average Accounts Receivable
= 839,500 / ( (110,000 + 120,000) / 2)
= 839,500 / 115,000
= 7.3 times
homeworklib On January 1, 2024, an investor paid $311,000 for bonds with a face amount of $375,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization)
Answer:
$37,500
Explanation:
Calculation to determine how much interest income is recognized by the investor in 2024
Using this formula
Interest income=Face amount *Current market rate of interest
Let plug in the formula
Interest income=$375,000*10%
Interest income=$37,500
Therefore how much interest income is recognized by the investor in 2024 is $37,500
Assume that you have been asked to paint the inside walls of an apartment. State specifically how you would estimate the cost of that job. Include payment for your own labor. What are some of the allocation bases you considered?
To estimate the ultimate cost, measure the size of the wall, calculate the amount of paint that will be needed, and add the cost of the materials and the laborers' daily wages.
What is the estimated cost?The cost that will be incurred to create a product or construct something is projected as an estimated cost. This sum is determined either as part of a sales bid when attempting to sell to a customer or as part of the capital budgeting process for an internal project. In accordance with the provisions of a fixed-price contract, the party providing the anticipated cost may be required to pay the sum projected.
Predicting the quantities, cost, and value of the resources needed to execute a task within the project's scope is the goal of cost estimating. Cost estimates are used to influence your task and budget planning process as well as to submit bids for new business from potential clients.
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An investor sells short 200 shares of ABC stock at $5.25 a share. He sells two put contracts (100 shares each) with a striking price of S5 and a premium of S0.50 a share. Assume interest r-0% annual effective. (a) Draw a time diagram for the short sale, and the sold put. (b) What is the investor's profit if the spot price is below $5 at expiration? (c) The investor will be making profit as long as the spot price is less than what value at expiration?
Answer:
The solution of the given query is provided below in the explanation segment.
Explanation:
(a)
The diagram according to the given query is attached below.
(b)
Given:
Investor sells,
= 200 shares
at,
= $5.25
Strike price,
= $5
Premium,
= $0.50
If the price is less than $5 is $.75 per share,
The investor's gain will be:
= [tex]200\times 0.75[/tex]
= [tex]150[/tex] ($)
(c)
The investor would earn under $5.25 upon expiry, as longer as the spot price becomes less.
How water utility company caters for their interests and what may happen if their expectations are not met.
Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years. What is the payback period for this project
Answer:
2.12 years
Explanation:
The calculation of the payback period is given below:
Year CF Cumulative CF
0 $(1,450,000) $(1,450,000)
1 640,000 (810,000)
2 715,250 (94,750)
3 823,330 728,580
4 907,125 1,635,705
Now payback period is
= 2 + ($94,750 ÷$823,330)
= 2.12 years
Specter Consulting purchased $8,900 of supplies and paid cash immediately. What general journal entries will Specter Consulting make to record this transaction? Assume the companyâs policy is to initially record prepaid and unearned items in balance sheet accounts?
Answer:
Debit Supplies $8,900; Credit Cash $8,900
Explanation:
Based on the information given the general journal entries that Specter Consulting will make to record this transaction assuming the companyâs policy is to initially record prepaid and unearned items in balance sheet accounts will be :
Debit Supplies $8,900
Credit Cash $8,900
Fuente, Inc., has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 1,040
2 1,270
3 1,490
4 2,230
a.
If the discount rate is 9 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. If the discount rate is 12 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. If the discount rate is 23 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
a. $6709.81
b. $6953.02
c. $7919.39
Explanation:
To determine the future value of the cash flows, the first step is to determine the present value of the cash flows
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = 1,040
Cash flow in year 2 = 1,270
Cash flow in year 3 = 1,490
Cash flow in year 4 = 2,230
PV when interest rate is 9% = 4753.40
PV when interest rate is 12% = 4418.77
PV when interest rate is 23% = 3459.96
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
The formula for calculating future value:
FV = P (1 + r)^nm
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
1. 4753.40 x (1.09^4) = $6709.81
2. 4418.77 x (1.12^4) = $6953.02
3. 3459.96 x x (1.23^4) = $7919.39
The congress of the country of Delta is debating budget issues and decides to cancel $5 billion worth of tax cuts in order to balance the budget. An argument against a balanced budget rule would be:________.
a. that there is no need for a balanced budget rule since the budget automatically adjusts and balances itself
b. that benefits from the tax cut were forgone.
c. that the budget deficits and debt do not have any impact on the economy.
d. the fact that the government of Delta should have reduced spending instead.
Answer:
b. that benefits from the tax cut were forgone.
Explanation:
The congress of the country of Delta is debating budget issues and decides to cancel $5 billion worth of tax cuts to balance the budget. An argument against a balanced budget rule would be: "that benefits from the tax cut were forgone."
This implies that the country of Delta would miss out on the benefits they could have derived from implementing the tax cut policy.
Some of the benefits include
1. more money into circulation.
2. Improve the saving and investment
On September 1, Ziegler Corporation had 57,000 shares of $5 par value common stock, and $171,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is:
Answer: No entry required
Explanation:
A stock split does not change the overall value of equity so will not have any effect on the Equity accounts of the company.
Equity is also recorded by its total value in the financial statements and not the number of shares the company has. There will therefore be no entry to record that the number of shares has increased and because the total value does not change, neither does equity.
Suppose Dansko Integrated has the following results related to cash flows for 2020:
Net Income of $6,800,000
Increase in Accounts Payable of $200,000
Decrease in Accounts Receivable of $800,000
Depreciation of $1,600,000
Increase in Inventory of $300,000
Other Adjustments from Operating Activities of $400,000
Assuming no other cash flow adjustments than those listed above, create a statement of cash flows with amounts in thousands.
Required:
What is the Net Cash Flow from Operating Activities?
The Net Cash Flow from Operating Activities is $9,500,000.
Net Operating ActivitiesNet Income $6,800,000
Adjustment:
Increase in Accounts Payable of $200,000
Decrease in Accounts Receivable $800,000
Depreciation of $1,600,000
Less Increase in Inventory ($300,000)
Other Adjustments from Operating Activities of $400,000
Net Cash Flow from Operating Activities $9,500,000
Therefore the Net Cash Flow from Operating Activities is $9,500,000.
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George wants to retire at 65 with $1,000,000 in savings. He plans to deposit a lump sum on his birthday each year. How much will he need to invest each year if he starts saving at 25
Answer:
Annual saving = 6460
Explanation:
Below is the calculations:
Future value of amount = $1000000
He starts saving at 25 years, then the Years of saving = 40.
Let the interest earned on the saving account = 6%
Thus annual saving = 1000000(F/A, 6%, 40)
Annual saving = 1000000(0.00646)
Annual saving = 6460
Therefore the annual saving will be 6460 dollars.
