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.
Magix Productions orders new equipment for the company. The new equipment costs $50,000 and will help the company to save $10,000 annually. What is the average rate of return of the equipment?
A. 15 percent
B. 20 percent
C. 35 percent
D. 40 percent
Answer:
B. 20 percent
Explanation:
The computation of the average rate of return of the equipment is shown below:
= Average net profit or savings ÷ average investment
= ($10,000 ÷ 2) ÷ ($50,000 ÷ 2)
= $5,000 ÷ $25,000
= 20%
hence, the average rate of return of the equipment is 20%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
According to Miller and Modigliani, in a world without taxes or the possibility of bankruptcy, the value of a firm with debt is.:_____
Answer:
the same as the value of a firm without debt.
basic premise is:
V levered = V unlevered
Explanation:
The Miller and Modigliani theory was developed for a tax free world. Its application on normal everyday life and reality is limited. Markets are not efficient and decisions are not always rational. It is a very good model form a theoretical point of view, but theory is not the same as reality.
Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $218,000. Over the years, Jessica had made $21,800 of nondeductible contributions and $69,000 of deductible contributions to the account. If Jessica receives a $68,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?
and its not 51000
Answer:
The amount of the distribution that is taxable is $61,200.
Explanation:
The following are given in the question:
Balance in IRA = $218,000
Nondeductible contributions = $21,800
Amount of distribution received = $68,000
Therefore, we have:
Nondeductible portion = Nondeductible contributions / Balance in IRA = $21,800 / $218,000 = 0.10
Taxable portion = 1 - Nondeductible portion = 1 - 0.10 = 0.90
Taxable amount = Taxable portion * Amount of distribution received = 0.90 * $68,000 = $61,200
Therefore, the amount of the distribution that is taxable is $61,200.
Target Corporation reported the following information in a recent Form 10-K. Consolidated Statement of Operations ($ millions) FY 2016 Cost of sales $67,596 Consolidated Statement of Financial Position ($ millions) FY 2016 FY 2015 Inventory $10,321 $8,282
What is the (a) inventory turnover ratio, and (b) average days in inventory, for the fiscal year ended January 30, 2016?
Answer: See explanation
Explanation:
a. inventory turnover ratio
This will be calculated as:
= Sales cost / Average inventory
= $67,596 / $9301.50
= 7.2672
= 7.27
(b) average days in inventory.
This will be calculated as:
= 365 days / Inventory turnover ratio
= 365 / 7.27
= 50.20
= 50 days
Note:
Average inventory = ($10,321 + $8,282) / 2 = $9301.50
The required return on the stock of Moe's Pizza is 10.8 percent and aftertax required return on the company's debt is 3.40 percent. The company's market value capital structure consists of 69 percent equity. The company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 1.9 percent. The tax rate is 39 percent. What is the required return for the new project?
Answer:
6.88%
Explanation:
Weighted Average Cost of Capital (WACC) = [After Tax Cost of Debt * Weight of Debt] + [Cost of equity * Weight of Equity]
WACC = [3.40%*0.39] + [10.80%*0.69)
WACC = [0.034*0.39] + [0.108*0.69)
WACC = 0.01326 + 0.07452
WACC = 0.08778
WACC = 8.78%
The required return for the new project = Weighted Average Cost of Capital – Risk Adjustment Factor
The required return for the new project = 8.78% - 1.90%
The required return for the new project = 6.88%
Benet Company has budgeted the following unit sales:
2019 2020
Quarter Units Quarter Units
1 1105,000 1 4120,000
2 190,000
3 260,000
4 375,000
The finished goods inventory on hand on December 31, 2018 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2019.
Answer:
Benet Company
Production Budget for 2019:
Quarter Quarter Quarter Quarter
1 2 3 4
Ending inventory 38,000 52,000 75,000 24,000
Units Sold 105,000 190,000 260,000 375,000
Units available for
production 143,000 242,000 335,000 399,000
Beginning Inventory 21,000 38,000 52,000 75,000
Units produced 122,000 204,000 283,000 324,000
Explanation:
a) Data and Calculations:
2019 2020
Quarter Units Quarter Units
1 105,000 1 120,000
2 190,000
3 260,000
4 375,000
Ending inventory
December 31, 2018 = 21,000
Quarter 1, 2019 = 38,000 (190,000 * 20%)
Quarter 2, 2019 = 52,000 (260,000 * 20%)
Quarter 3, 2019 = 75,000 (375,000 * 20%)
Quarter 4, 2019 = 24,000 (120,000 * 20)
Production Budget for 2019:
Quarter Quarter Quarter Quarter
1 2 3 4
Ending inventory 38,000 52,000 75,000 24,000
Units Sold 105,000 190,000 260,000 375,000
Units available for
production 143,000 242,000 335,000 399,000
Beginning Inventory 21,000 38,000 52,000 75,000
Units produced 122,000 204,000 283,000 324,000
A firm has a tax burden of 0.6, a leverage ratio of 1.2, an interest burden of 0.7, and a return-on-sales ratio of 14%. The firm generates $2.64 in sales per dollar of assets. What is the firm's ROE
Answer:
18.63%
Explanation:
Calculation for the firm's ROE
Using this formula for
ROE=(Tax burden)(Leverage ratio)(Interest burden)(Return-on-sales ratio)(Sales per dollar of assets)
Let plug in the formula
ROE = (.6)(1.2)(.7)(.14)(2.64)
ROE=18.63%
Therefore the firm's ROE is 18.63%
Andrews Corp. ended the year carrying $46,369,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.?
a. $264,018,840
b. $191,318,000
c. $67,711,000
d. $104,076,000
Answer: $46,369,000
Explanation:
At the end of the year, all the costs associated with inventory and operations have been dealt with in the income statement.
This means that if the entire inventory were sold at current prices which is $46,369,000, the addition to revenue will be what the goods were sold for which is the current price.
Options do not have this answer but that is it.
Mr. Gomez is a company president who inspires his workers to be their very best and achieve high accomplishments. He encourages them to trust their capabilities and be confident. Mr. Gomez is exhibiting:____________.
a. inspirational motivation
b. charisma
c. developmental value
d. managerial prowess
Answer:
c is the correct answer
There are different kinds of leaders. Mr. Gomez is exhibiting Charisma.
Charismatic authority is known to be a type of leadership created by the German sociologist Max Weber. It is an organization setting where leadership authority gets it power from the charisma of the leader.
This type of leadership is when a leader uses charismatic qualities to inspire followers. Example is Martin Luther King Jr.
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A company resells 400 shares of its own common stock for $20 per share. The company has acquired these shares two months before for $15 per share. The resale of this stock would be recorded with a:_______.
A) Debit to Common Stock for $8,000
B) Credit to Treasury Stock for $8,000
C) Credit to Additional Paid-In Capital for $2,000
D) Debit to Additional Paid-In Capital for $2,000
Answer:
C. Credit to additional paid-in capital for $2,000
Explanation:
Based on the information given we were told that 400 shares of own common stock was resell for $20 per share in which the shares was acquired two months before for $15 per share which means that the resale of this stock would be recorded with a: Credit to additional paid-in capital for $2,000
Calculated as:
Additional paid-in capital=(400 shares*$20 per share)-(400 shares*$15 per share)
Additional paid-in capital=$8,000-$6,000
Additional paid-in capital=$2,000
Which kinds of employment discrimination are prohibited under one body of law, but are permitted under the other body of law?
Answer is given below:
Explanation:
Federal law prevents corrosion in many areas, including recruitment, recruitment, jobs, evaluation, promotion, training and compensation. State law often provides protection for additional categories or employers. Federal law or California law provides additional protection from employment discrimination. Federal law makes it illegal to discriminate on the basis of race and color and nationality and origin and religion or gender etc.Net capital outflow measures the imbalance between the amount of a. foreign assets held by domestic residents and domestic assets held by foreign residents. b. foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners. c. foreign assets bought by domestic residents and the amount of domestic goods and services sold to foreigners. d. None of the above is correct
Answer:
b) the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.
Explanation:
Net capital outflow can be regarded as net flow of invested funds in country abroad by a home country during a particular period of time. It should be noted that the Net capital outflow measures the imbalance between the amount of the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $140,000 and would decrease the current variable costs of $80 by $10 per unit. The selling price of $120 is not expected to change. Forrester's current break-even sales are $240,000 and current break-even units are 2,000. If Forrester purchases this new equipment, the revised break-even point in units would:
Answer:
Break-even point in units= 2,800
Explanation:
Giving the following information:
Fixed csots= $140,000
Unitary variable cost= 80 - 10= $70
Selling price per unit= $120
To calculate the new break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 140,000 / (120 - 70)
Break-even point in units= 2,800
True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.
Answer: false
Explanation:
The coupons are a type of promo code that is used for shopping or when buying a ne product or an item of sale. There are various sorts of coupons such as those of the households, personal care, and grocery coupons,
As per the economic theory people who don't clip the coupons that are free dint behave rationally is false. As coupons is a sort of discount rate that is only applicable to the specific items and has serval conditions.Hence the option is False.
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Compute the amount that a $42,000 investment today would accumulate at 11% (compound interest) by the end of 6 years.
Answer:
FV= $78,557.41
Explanation:
Giving the following information:
Initial investment (PV)= $42,000
Interest rate (i)= 11% = 0.11
Number of periods= 6 years
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 42,000* (1.11^6)
FV= $78,557.41
Monopoly firms face a. downward-sloping demand curves, so they can sell only the specific price-quantity combinations that lie on the demand curve. b. horizontal demand curves, so they can sell only a limited quantity of output at each price. c. horizontal demand curves, so they can sell as much output as they desire at the market price. d. downward-sloping demand curves, so they can sell as much output as they desire at the market price.
Answer:
Option d (downward..................................market price) would be the right approach.
Explanation:
The monopoly is attributed to the idea that an organization and therefore its distribution channels control one market or business. Monopolies may be called a social consequence of unlimited access competition and therefore are frequently further used to characterize an organization that had already absolute or relatively close market power.Other options aren't connected to something like the situation in question. So the above alternative seems to be the right one.
Assuming that an investor requires a 10% annual yield over the next twelve years, how much would she be willing to pay for the right to receive $20,000 at the end of year 12?
Answer:
the present value is $6,372.62
Explanation:
The computation of the amount that willing to pay is shown below
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$20,000 = Present value × (1 + 0.10)^20
$20,000 = Present value × 3.13842837
So, the present value is
= $20,000 ÷ 3.13842837
= $6,372.62
hence, the present value is $6,372.62
We simply applied the above formula so that the correct value could come
And, the same is to be considered
In ________, salespeople are independent contractors who not only sell the product, but also recruit additional salespeople.
Answer:
Multi-level marketing.
Explanation:
A business organization that is run with multi-level marketing strategy typically has 3 sources of income:
- The amount of money that each person have to pay in order to gain the membership status.
- The amount of money that memberships owners have to pay to be a distributor of their product
- The amount of money that they get from the sales of their product.
Most multi-level marketing companies will provide their members with some sort of 'Reward' if they managed to convert other people into purchasing memberships to organization. So, the more their members convert other people, the more wealthy that members will be. This will create a hierarchy like within an organization where the members who bring the most memberships place at the top of the hierarchy.
A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.A. $12.20.B. $-0.30.C. $7.70 .D. $16.
Answer:
A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.
A. $12.20.
Explanation:
For this monopolist, the marginal revenue is the incremental revenue which it generates from each additional unit of sales. It can also be expressed as the rate at which total revenue changes from what it was before now. In this case, the additional revenue that the monopolist will get from selling one additional unit is $12.20. It is the additional revenue that the monopolist gets for the 16th item.
When a bond sells at a premium:___________
a) The contract rate is above the market rate.
b) The contract rate is equal to the market rate.
c) The contract rate is below the market rate.
d) It means that the bond is a zero coupon bond.
Answer:
a) The contract rate is above the market rate.
Explanation:
In the case when the bond is sold at the premium that means the contract rate or the coupon rate is higher than the market rate
While on the other hand, when the bond is sold at the discount that means the contract rate or the coupon rate is lower than the market rate
Therefore as per the given situation, the correct option is a.
hence, all the other options are wrong
You are a new project manager who has been entrusted with a project. The project has entered the Execution phase, and you as the project manager, discover that there is a need to spend part of the project funding to bring an external consultant, to cover for an employee leaving the project team. If you are authorized to make decisions about spending this project fund, what kind of an organization structure are you working in?
Answer:
Project ( Projectized)
Explanation:
project management simply entails thorough planning, organizing, and managing resources to bring about the successful completion of specific project goals and objective.
3 main types of organizational structures are functional (departmentalized), matrix, and project.
In projectized - an organizational structure, the project manager has full power to assign works, apply resources, and direct the work of persons that is assigned to the project.
It is characteristized by subject matter experts (SMEs) from different functional areas are assigned to directly report to the project manager (PM) for a specific project and others.
If a trader buys an option at an implied volatility of 10%, and plans to delta hedge it, over the life of the option she hopes realized volatility will be:
Answer:
b. lower than 10%
Explanation:
Missing word "a. higher than 10%, b. lower than 10%, c. if its three month option then she hopes its 10/3, d. irrelevant where realized will be"
If a trader buys an option at an implied volatility of 10%, and plans to delta hedge it, over the life of the option she hopes realized volatility will be lower than 10%. When hedging implied volatility through delta hedging is done, it means that the trader is expecting that volatility will decline and it has taken the position on the the downside of the implied volatility as it is reflected by the delta hedging. Delta hedging is not about betting on the upside of implied volatility.
right decision in right time get success in our life?
Answer:
You are the only person who get's to decide if you are happy or not- Do not put you're happiness into the hands of someone else. Do not make it contingent their acceptance of you, or there feelings for you. At the end of each day , it doesn't matter if someone dislikes you, or if someone doesn't want to be with you. All that matters is that you are happy with the person you are becoming. All that matters is that you like yourself, that you are proud of what you put out into the world. Never forget that you are in charge of you're joy, and of you're worth. You get to be you're own validation. Please never forget that!
Define rivalry and excludability and use these terms to discuss the four categories of goods. Rivalry is the situation that occurs when
Answer:Rivalry is the situation where there is competition between markets on determining who gets the customer base or who wins the customers heart.
While excludability could be defined as a situation where goods are limited or exclusive to only customers who pay
Explanation:
Rivalry is the situation where there is competition between markets on determining who gets the customer base or who wins the customers heart.
Excludability could be defined as a situation where goods are limited or exclusive to only customers who pay
-A private good is both a rivalry and excludability good because it includes things such as: food, clothing, or a haircut.
-A public good is neither rival nor excludable, because their often supplied by the government such as national defense.
-A quasi-public good is excludable, including things such as cable, internet, or iPhones.
-A common resource is rival, including things such as forest land.
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable$40,000 $36,000 Merchandise inventory$28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total shareholders' equity 240,000 225,000 Net income 32,500 28,000 Hulkster's 2021 profit margin is (rounded): 17.1%. 13.5%. 4.5%. 7.6%.
Answer:
Hulkster's 2021 profit margin is:
17.1%.
Explanation:
a) Data and Calculations:
2021 2020
Accounts receivable $40,000 $36,000
Merchandise inventory $28,000 35,000
Net sales 190,000 186,000
Cost of goods sold 114,000 108,000
Total assets 425,000 405,000
Total shareholders' equity 240,000 225,000
Net income 32,500 28,000
Profit margin = net income/net sales * 100
= $32,500/$190,000 * 100
= 17.1%
b) The profit margin of 17.1% indicates that Hulkster Company has generated an income of 17.1 cents for each dollar of sales. It shows the company's income performance with relation to the net sales revenue. It is a ratio of the net income expressed as a percentage of the sales.
The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change.
Answer:
The labor participation rate would not change because it counts the labor force as a percentage of the total adult population, and the labor force includes both the number of people employed and the number of people unemployed, so, even if those working part-time were counted as unemployed by the BLS, they would still be part of the Labor Force.
The labor participation rate formula is:
Labor Participation Rate = (Labor Force / Total Adult Population) x 100
The unemployment rate would indeed change, because it counts the number of unemployed as a percentage of the labor force. If those working part-time were counted as unemployed by the BLS, the number of people unemployed would obviously spike.
The formula is:
Unemployment Rate = (Number of Unemployed / Labor Force) x 100
Asset C3PO has a depreciable base of $16.5 million and a service life of 10 years. What would the accumulated depreciation be at the end of year five under the sum-of-the-years'-digits method?
A. $ 4.5 million.
B. $8.25 million.
C. $ 12 million.
D. None of these is correct.
Answer:
C. $12 million.
Explanation:
The computation of the accumulated depreciation be at the end of year five under the sum-of-the-years'-digits method is given below:
Accumulated depreciation is
= $16.5 million × [(10 + 9 + 8 + 7 + 6) ÷ 55]
= $12 million
hence, the accumulated depreciation be at the end of year five years is $12 million
Therefore the correct option is c.
Explain at least four types of ethical misconduct in financial transactions. Explain how these work with appropriate illustrations followed by real-life examples as far as possible for each type
The correct answer to this open question is the following.
We can help you with the four cases of financial misconduct.
So the four types of ethical misconduct in financial transactions are
1.- Fraudulent Financial Reporting. This is when the top company management lies about financial statements. These companies cheat on the investors of the company for a particular agenda. It also can be the case when top management tries to keep the share price of the corporation.
2.- Stealing, today technically called Missaprpriation of Assets. In this case, employees use the company's assets for personal reasons. The employee even can steal money from the company's accounts.
3.- Bribering. A member of the company bribes a government official in order to have influence in some regulations.
4.- Disclosure. A member of the company discloses important information considered private or "Top Secret," trying to create a personal advantage or for a competitor.
The Uniform Commercial Code (UCC) applies to Internet contracts.
True
False
Answer:
True, article 2 of the UCC applies to the sales of goods through internet channels.
Explanation:
The UCC governs transactions involving the sale of goods (not services) and the requirement of a written agreement is generally satisfied when parties exchange electronic messages, e.g. emails that confirm the transaction.
In relation to other types of internet transactions, the Uniform Computer Information Transactions Act (UCITA) was created in order to govern software licenses and other types of electronic contracts.
Answer:
true
Explanation:
Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cat. Labor costs will go from $2.90 to $3.40 per unit. Assume all period and variable costs as reported on Chester's Income Statement remain the same. If Chester were to pass on half the new labor costs to their customers, how many units of product Cat would need to be sold next round to break even on the product
Question Completion:
Assume the following:
Selling price per unit = $54
Current total variable cost = $24.50
Total Fixed Costs = $69,000
Answer:
Chester
To break-even on product Cat, Chester needs to sell 2,379 units instead of 2,339 units.
Explanation:
a) Calculations:
New variable cost will increase by ($3.40 - $2.90)/2 = $0.25
New variable costs will be = $24.75 ($24.50 + $0.25)
Contribution margin per unit = $29.25 ($54 - $24.75)
New fixed costs = $69,000 + ($0.25 * 2,339) = $69,585
Old break-even units = $69,000/$29.50 = 2,339 units
New break-even units = Fixed cost/contribution margin per unit
= $69,585/$29.25
= 2,379 units
b) Chester's break-even point in units is calculated by using the break-even formula: Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or $69,585/$29.25. The variable cost per unit includes only the cost that will be passed to customers. This means that half of the labor cost is regarded as variable, while the other half is taken is fixed cost.
if Chester were to pass on half the new labor costs to their customers, the number of unit that Cat would need to be sold next round to break even on the product will be 2,379 units.
We are not given some information, so we will assume that "Selling price per unit = $54, Current total variable cost = $24.50, Total Fixed Costs = $69,000"
The new variable cost will increase by:
= ($3.40 - $2.90)/2
= $0.50 / 2
= $0.25
The new variable costs will be:
= Current total variable cost + Increment cost
= $24.50 + $0.25
= $24.75
The contribution margin per unit will be:
= Selling price per unit - New variable costs
= $54 - $24.75
= $29.25
The old break-even units is:
= Old fixed cost / Contribution margin per unit
= $69,000/$29.50
= 2,339 units
The new fixed costs will be:
= Total Fixed Costs + (Increment cost* Old break-even units)
= $69,000 + ($0.25 * 2,339)
= $69,000 + $585
= $69,585
The new break-even units will be
= Fixed cost / Contribution margin per unit
= $69,585 / $29.25
= 2,379 units.
Therefore, if Chester were to pass on half the new labor costs to their customers, the number of unit that Cat would need to be sold next round to break even on the product will be 2,379 units.
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