Answer: $66700
Explanation:
Number of boxtops that was sold = 809000
Estimated boxtops to be redeemed = 809,000 × 60% = 485400
Less: Boxtops received = 352000
Estimated boxtops not received yet = 133400
The number of boxtops that will be needed per bowl will then be:
= 133400 / 4
= 33350
Therefore, liability for outstanding premiums that should be recorded at the end of 2021 would be:
= 33350 × ($4 - $2)
= 33350 × $2
= $66700
Terrapins has a bond issue outstanding with nine years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. If the current market price of the bond issue is $814.45, what is the yield to maturity?
Answer:
the answer is $345.98.
Explanation:
hope it helps you
Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2018, Chez Fred's credit sales and collections were $125,000 and $131,000, respectively. What was the balance of accounts receivable on January 1, 2018, if $180 in accounts receivable were written off during 2018 and if the allowance account had a balance of $750 on December 31, 2018
Answer:
The balance of accounts receivable on January 1, 2018 is $31,180.
Explanation:
The following are given in the question:
Percentage of allowance for uncollectible accounts = 3%
Credit sales = $125,000
Collections = $131,000
Amount written off = $180
Therefore, we have:
Account receivable on 31 December 2018 * 3% = $750
Account receivable on 31 December 2018 = $750 / 3% = $25,000
Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180
Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.
Brace Corporation uses direct labor-hours as the cost driver in its normal costing system. Brace budgeted that it would use 21,600 direct-labor hours during the year. At the end of the year, actual direct labor-hours for the year were 20,400 hours, the actual manufacturing overhead for the year was $506,920, and Brace had $20,440 of underapplied overhead. The budgeted manufacturing overhead must have been: Round to the nearest dollar.
Answer:
total estimated overhead costs for the period= $515,095.2
Explanation:
First, we need to calculate the allocated overhead:
Under/over applied overhead= real overhead - allocated overhead
20,440 = 506,920 - allocated overhead
allocated overhead= $486,480
Now, we can determine the predetermined overhead rate:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
486,480= Estimated manufacturing overhead rate*20,400
Estimated manufacturing overhead rate= 486,480/20,400
Estimated manufacturing overhead rate= $23.847 per direct labor hour
Finally, the estimated overhead for the period:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
23.847= total estimated overhead costs for the period/21,600
total estimated overhead costs for the period= 21,600*23.847
total estimated overhead costs for the period= $515,095.2
In a period when costs are declining and inventory quantities are stable, the lowest cost of goods sold would be reported by using the inventory method of
Answer:
LIFO
Explanation:
To record the lowest cost of goods sold, the ending inventory amount must be high. This would only be high in LIFO whish would not be affected by declining costs.
By using LIFO (Last in First Out) inventory valuation will be based on the value of the earliest goods purchased instead of latest goods purchased as in FIFO (First In First Out)
On January 1, 2016, Cobb Co. received, for the sale of a parcel of land, a ten-year note receivable having a face amount of $2,000,000 and a stated interest rate of 8% payable annually each December 31. The market rate of interest for this type of note is 10%. Present value factors are as follows: At 8% At 10% Present value of 1 for 10 periods 0.46319 0.38554 Present value of an ordinary annuity of 1 for 10 periods 6.71008 6.14457
Answer: $1,754,211
Explanation:
8% of $2,000,000 will be payable every year for 10 years;
= 2,000,000 * 8%
= $160,000
The amount received from selling the land is;
= Present value of interest payable annually + Present value of Note
= (160,000 * Present value interest factor of annuity, 10 years, 10%) + (2,000,000 * present value interest factor, 10 years, 10%)
= (160,000 * 6.14457) + (2,000,000 * 0.38554)
= $1,754,211
Quality circles have been used successfully to solve product defect problems in U.S. firms.
True
False
Documents created with Calc are saved as which file extension?
A.
.com
B.
.odp
C.
.org
D.
.ods
Please select the best answer from the choices provided
A
B
C
D
Answer:
D. .ods
Explanation:
edge
A company's_______ tells you how much money the company has left over after subtracting all expenses. *
a) Net Profit
b) Gross Profit
c) Revenue
d) Cost Of Goods Sold (COGS)
Answer:
net profit
Explanation:
net profit is the money left after all cost are deducted
Answer:
D: COGS
Explanation:
A company's COGS tells you how much money the company has left over after subtracting all expenses
You purchase one IBM March 120 put contract for a put premium of $10. The maximum profit that you could gain from this strategy is _________.
A. $120
B. $1,000
C. $11,000
D. $12,000
Answer:
$11,000
Explanation:
One IBM March 20 put contract is purchased at a premium of $10
Therefore the maximum profit that will be gained from this strategy can be calculated as follows
= 100(120-10)
= 100(110)
= 11,000
Hence the maximum profit is $11,000
Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferred stock outstanding at a price of $87 per share. There are 520 bonds outstanding that have a coupon rate of 5.5 percent paid semiannually. The bonds mature in 17 years, have a face value of $1,000, and sell at 93 percent of par. What is the capital structure weight of the common stock?
Answer:
26.43 %
Explanation:
The Capital Structure is based on the Market Weight of the Sources of Finance as shown below :
Equity market value = Number of shares × price/share
Equity market value = 10,200 × $36
Equity market value = $367,200
Current debt value = Number of bonds × price/bond
Current debt value = 520 × (1930)
Current debt value = $1,003,600
Preferred stock value = Number of shares × price/share
Preferred stock value = 215 × $87
Preferred stock value = $18,705
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $367,200 + $1,003,600 + $18,705
Total capital = $1,389,505
Weight of Equity = Equity value / Total capital
Weight of Equity = $367,200 / $1,389,505
Weight of Equity = 26.43 %
An appliance repair shop buys and uses about 4,212 fan motors annually. Holding cost is 27 dollars per motor per year, and ordering cost is 177 dollars per order. Determine the economic order quantity. Round your number to ZERO decimal point.
Answer:
15,251 units
Explanation:
The formula for Economic order quantity is;
EOQ = √2DS/H
Where,
D = Annual demand = 4,212
S = Ordering cost = $177
H = Holding cost = $27/4,212 = $0.00064102564
EOQ = √ 2 × 4,212 × $177 / $0.00064102564
EOQ = √ $1,491,048 / $0.00064102564
EOQ = √232603488.37
EOQ = 15,251 units
In designing health promotion efforts, it is important to set clear goals and measure how successful you are compared to the money and time you invest. This is known as:__________.
a. Objectivity
b. Diffusion of innovations
c. Accountability
d. Two-step flow
Answer:
c. Accountability
Explanation:
This is known as accountability. In other words its making sure that you are holding yourself accountable for doing what you need to do and making sure that your efforts are not for nothing. This is done by staying on top of your choices and adjusting your decisions so that the money and time you invest are paying off with and pushing you towards the goals that you have set forth.
The owner of a real estate office prepared a cash flow budget for the coming month. The beginning cash balance was $1,500.
Projected revenue and costs are:
• revenue of $5,000
• supply costs of $1,000
• staff payroll of $2,500
• rent of $1,000
• insurance of $100
Match the dollar amount to the correct line item on a cash flow budget:
non
Answer:
I need to put middle school mode on
Biogenetics, Inc. plans to retain and reinvest all of their earnings for the next 30 years. Beginning in year 31, the firm will begin to pay a $30 per share dividend. The dividend will not subsequently change. Given a required return of 18%, what should the stock sell for today?
Answer:
the stock sell for today is $1.16
Explanation:
The calculation of the stock sell for today is as follows;
Value after year 31 is
= (D31 ÷ Required return)
= $30 ÷ 0.18
= $166.666667
Now the current value is
= Future dividend and value × Present value of discounting factor(rate%,time period)
= $30 ÷ 1.18^31 + $166.666667 ÷ 1.18^31
= $1.16
Hence, the stock sell for today is $1.16
We simply applied the above formula so that the correct value could come
And, the same is to be considered
On July 1, Smith Company borrowed $430,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $64,083. What amount of interest expense will be included in the first annual payment?
a. $29,683
b. $34,400
c. $400,317
d. $43,000
e. $64,083
How much money should be deposited today in an account that earns 3 %compounded semiannually so that it will accumulate to $ 13,000 in three years?
Answer:
PV= $11,889.05
Explanation:
Giving the following information:
Future Value (FV)= $13,000
Number fo periods (n)= 3*2= 6 semesters
Interest rate (i)= 0.03/2= 0.015
To calculate the initial deposit, we need to use the following formula:
PV= FV/(1+i)^n
PV= 13,000 / (1.015^6)
PV= $11,889.05
On January 1, Jim Shorts Corporation issued $300 million face value bonds for $580 million. During the same year, $1,500,000 of the bond premium was amortized. On a statement of cash flows prepared by the indirect method, Jim Shorts Corporation should report: A) An addition to net income of $1,500,000. B) An investing activity of $580 million. C) A financing activity of $300 million. D) A deduction from net income of $1,500,000. g
Answer: a deduction from net income of $1,500,000.
Explanation:
Based on the statements provided in the question, it should be noted that Jim Shorts Corporation should report a deduction from net income of $1,500,000 on the statement of cash flows prepared by the indirect method.
It should be noted that the caah flow statement would start the accrual basis of the net income under an indirect method of the cash flow and then, all the non-cash items would either be added or subtracted in order for the reconciliation of account.
Carolyn has an AGI of $38, 400 (all from earned income), two qualifying children, and is filing as a head of household. What amount of earned income credit is she entitled to?
a) $4.256
b) $5, 572
c) $3, 305
d) $1, 316
e) $0
Answer:
d) $1, 316
Explanation:
Particulars Amount
Maximum Credit $5,572
Phase out limit $4,256 (38,400 - 18,190)*21.06%
Earned Income Credit Entitled to = Maximum Credit - Phase out limit
Earned Income Credit Entitled to = $5,572 - $4,256
Earned Income Credit Entitled to = $1,316
If marginal cost is above average total cost,
A Average total cost is rising
B Average total cost is falling
C Average total cost is at its minimum
D Average total cost is at its maximum
Answer:
Average total cost is rising
In the economy represented by the graph, which set of economic measures is
most likely present at point B in the business cycle?
The Business Cycle
А
с
Production output
D
B
Time
O A. The steady growth line has started to decline.
O B. The unemployment rate is at its lowest point.
O c. Gross domestic product is at its lowest point.
O D. The economy has started a period of recession.
The economy represents by the graph is a set of measures that is most likely to occur in the business cycle are Gross domestic product is at its lowest point. Thus option C is correct.
What are economic measures?The economic measures are those that economist use for measuring the economy of a country and include the GDP, unemployment, and inflation. The GDP is the most important measure and refers to the business cycle. As per the graph, the GDP is at the lowest point.
Find out more information about the economic indicator.
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Answer: the unemployment rate is at its lowest point
Explanation:
just took the test
A business is considering a cash outlay of $880,000 for the purchase of land, which it intends to lease for $200,000 per year. If alternative investments are available that yield a 15% return, the opportunity cost of the purchase of the land is:___________.
a. $102,000.
b. $132,000.
c. $200,000.
d. $175,000.
Answer:
b. $132,000
Explanation:
Opportunity cost is an economic term for expressing cost in terms of foregone alternatives. From the above, we can infer that the company is considering a cash outlay of $880,000 for the purchase of land which it could lease for $200,000 per year and the alternative investment would bring in return 15% yield.
It therefore means that the opportunity cost for the purchase of land would be;
= Initial cash outlay × yield returns
= $880,000 × 15%
= $132,000
The opportunity cost of the purchase of the land is $132,000
A credit union is different from a bank mainly because
Answer:D:(A cooperative lending institution for a particular group.)
Explanation:
A credit union is different from a bank mainly because it is owned and controlled by its members, who are typically individuals with a common bond, such as belonging to a specific community or organization.
In the context of a credit union, a common bond refers to a shared characteristic or affiliation among its members, such as living in the same community, working for the same employer, or belonging to a specific organization.
This common bond serves as the basis for membership eligibility and participation in the credit union. It fosters a sense of community and cooperation among members, who collectively own and control the credit union.
The common bond principle promotes a more personalized and community-oriented approach to financial services, catering to the specific needs and interests of the members it serves.
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Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad to pay $600,000 compensation for his physical injuries, $150,000 for lost wages during his long recuperation, and $1,000,000 punitive damages. How much of the $1,750,000 settlement is included in Lyle's gross income?
Answer and Explanation:
The amount that settled is as follows
The total amount is $1,750,000
Out of which
The amount of
= $1,000,000 + $150,000
= $1,150,000
This would be involved in the AGL of L and the $600,000 would not be involved in the gross income as the taxpayer got injured by the other party act
So, the same is to be considered
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 4.5%/year compounded monthly. If the future value of the annuity after 11 years is $55,000, what was the size of each payment?
Answer:
The size of each payment was $322.78.
Explanation:
This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:
FV = M * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value of the amount after 11 years = $55,000
M = Monthly payment = ?
r = Monthly interest rate = 4.5% / 12 = 0.045 / 12 = 0.00375
n = number of months = 11 years * 12 = 132
Substituting the values into equation (1) and solve for M, we have:
$55,000 = M * (((1 + 0.00375)^132 - 1) / 0.00375)
$55,000 = M * 170.394706737074
M = $55,000 / 170.394706737074
M = $322.779979808101
Rounding to 2 decimal places, we have:
M = $322.78
Therefore, the size of each payment was $322.78.
Please tell me the right answer.. if i fail one semester, and i pass the other, then do i pass the grade? Please tell me i need to know :\
Answer:
okay whats the question I help you
Explanation:
also i need help with my math hw too lol
Explain the actions the FED should take if it wanted to move from a point on the short-run Phillips curve representing high unemployment and low inflation to a point representing lower unemployment and higher inflation.
Answer:
The short run Phillips curve states that there is an inverse relationship between unemployment and inflation in the short run.
Since unemployment is high and the inflation rate is low, in order for the FED to decrease unemployment and increase inflation it must decrease the interest rate. That way, the economy should kick off and start growing which should decrease unemployment and at the same time will increase inflation.
Piper Pizzaâs pizza-and-sub deal is back! Any consumer who orders two pizzas will get a free meatball sub. Piper Pizzaâs promotion uses ____ to increase short-term sales.
Answer:
YUMMM
Explanation:
Pizza sounds good, sorry lol
Any consumer who orders two pizzas will get a free meatball sub. Piper Pizzas' promotion uses loyalty programs to increase short-term sales.
What type of promotion is a loyalty program?Retailers and other companies who sponsor loyalty programs do so in an effort to draw and keep consumers by providing prizes, discounts, and other unique incentives. They are made to reward customers for their brand or shop loyalty and promote repeat business (hence the name). Usually, a consumer receives bigger benefits the more frequently they shop at the business and the more money they spend.
The purpose of loyalty programs is to reward customers for their continued patronage by providing benefits, discounts, or other unique incentives. Companies profit from loyalty programs not only by fostering client loyalty but also by receiving vital data on consumer spending patterns and the most tempting goods or offers. Retailers and other businesses provide loyalty programs as a strategy to draw in and keep consumers.
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Seventy farmers in Morgan County joined together to hire Rusty to spray their crops one time (with his cropduster plane). These farmers have formed a: _______
a. business trust.
b. cooperative.
c. franchise.
d. joint venture.
Answer:
d. joint venture.
Explanation:
A cooperative, business trust or a franchise are generally stable businesses that are formed to operate in the long run.
On the other hand, a joint venture occurs when different entities get together to do business and that can be a one time event only. In this case, Rusty was hired for spraying the fields one time only (one time event).
When Mia and Shane are planning their honeymoon, their travel agent tells them that if they buy a special package, their trip to Paris will include meals, tickets to the theater, and a rental car in addition to airfare and a hotel. This is an example of the use of
A) multiple-unit pricing.
B) bundle pricing.
C) prestige pricing.
D) price lining.
E) price packaging.
Answer: bundle Pricing
Explanation:
Bundle Pricing is a strategy that is used by companies whereby several products are all packages together for a lower price.
Here, we are informed that the special package for their trip to Paris will include meals, tickets to the theater, and a rental car in addition to airfare and a hotel. This is an example of bundle Pricing as the company can sell different products together at once.
A perpetual bond with a par value of $1,000 and a coupon rate of 7.75% has a current market price of $900. What is its yield to maturity
a. 9.32%
b. 8.33%
c. 7.92%
d. 9.45%
e. 8.61%
Answer: e. 8.61%
Explanation:
This is a perpetual bond so the price is calculable by;
Price = Coupon / Yield to Maturity
Coupon = 7.75% * 1,000
= $77.50
900 = 77.50/ YTM
900 * YTM = 77.50
YTM = 77.50/900
= 8.61%
