Dake Corporation's relevant range of activity is 2,200 units to 5,000 units. When it produces and sells 3,600 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 6.85 Direct labor $ 2.80 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 3.00 Fixed selling expense $ 0.90 Fixed administrative expense $ 0.60 Sales commissions $ 0.70 Variable administrative expense $ 0.60 If 2,600 units are produced, the total amount of direct manufacturing cost incurred is closest to: rev: 12_18_2020_QC_CS-244896 Multiple Choice $28,990 $36,790 $25,090 $30,810

Answers

Answer 1

Answer: $25,090

Explanation:

Direct manufacturing costs are the direct material and direct labor costs tha were incurred to produce the goods in question.

Direct manufacturing costs = (Direct materials per unit + Direct labor per unit) * number of units produced

= (6.85 + 2.80) * 2,600

= 9.65 * 2,600

= $25,090


Related Questions

what is reductionasim​

Answers

Answer:

Thus, the ideas that physical bodies are collections of atoms or that a given mental state (e.g., one person's belief that snow is white) is identical to a particular physical state (the firing of certain neurons in that person's brain) are examples of reductionism.

Explanation:

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk, which is used to make lattés, increased, and scientists discovered that lattés lead to a longer life expectancy? Group of answer choices The equilibrium quantity would decrease, and the effect on equilibrium price would be ambiguous. Both the equilibrium price and quantity would increase. Both the equilibrium price and quantity would decrease. The equilibrium price would increase, and the effect on equilibrium quantity would be ambiguous.

Answers

Answer:

The equilibrium price would increase, and the effect on equilibrium quantity would be ambiguous.

Explanation:

The equilibrium price would increase, and the effect on equilibrium quantity would be ambiguous.

The increase in the cost of production will decrease the supply so the supply curve will shift leftward and simultaneously the research by scientists says the consumption of lattes will increase the life expectancy so many people will start consuming t os demand curve will shift rightwards. That means equilibrium price will increase but change in quantity can not be determined.

Nation Furniture is a furniture manufacturing facility. Its workers just signed a two-year contract. The price level in the economy has increased.
a. If the price level increases, input prices will:_____.
a) increase.
b) decrease.
c) remain constant.
b. If the price level increases, output prices will:___.
a) increase.
b) decrease.
c) remain constant.
c. In the short run, the firm will experience a(n):______.
a) increase in economic profits.
b) decrease in economic profits.
c) increase in economic loesses.

Answers

Answer:

a. c) remain constant. b. a) increase.c. a) increase in economic profits

Explanation:

a. The workers have just signed a two-year contract which means that in the short run, their wages are fixed to what was agreed to in the contract. Input prices will therefore remain constant.

b. Output prices on the other hand will increase to match the increase in price levels.

c. The company would therefore see an increase in economic profits because they are getting a higher revenue from the increased prices of outputs than they are incurring costs from the constant input prices.

A list of financial statement items for Oriole Company includes the following: accounts receivable $17,500; prepaid insurance $3,250; cash $13,000; supplies $4,750; and debt investments (short-term) $10,250.

Required:
Prepare the current assets section of the balance sheet listing the items in the proper sequence.

Answers

Answer:

$48,750

Explanation:

Preparation of the current assets section of the balance sheet listing the items in the proper sequence

ORIOLE COMPANY Partial Balance Sheet Current assets

Cash $13,000

Debt investments $10,250

Accounts receivable $17,500

Supplies $4,750

Prepaid insurance $3,250

Total current assets $48,750

Therefore the current assets section of the balance sheet listing the items in the proper sequence is $48,750

You invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national population of dog owners. After reviewing what identifies an ideal market you realize your segmentation approach does not meet any of the effective segmentation conditions. At this point you should:

Answers

Answer:

refine your approach by going back to the drawing board

Explanation:

Considering the scenario described above in the question, the best thing to do is "refine your approach by going back to the drawing board."

This will give you the chance and opportunity to look for a better plan, then find a perfect segmentation approach that really meets and satisfy all of the effective segmentation conditions.

Jordan took a business trip from New York to Denver. She spent two days in travel, conducted business for nine days, and visited friends for five days. She incurred the following expenses:
Airfare $ 520
Lodging 3,200
Meals 800
Entertainment of clients 640
How much of these expenses can Jordan deduct?

Answers

The expenses that Jordan can deduct is $3,731.

This is the amount that she can deduct as business expenses for this trip from New York to Denver.

Data and Calculations:

Expenses incurred on the trip for both business and private purposes:

Lodging   3,200

Meals         800

Total      $4,000

Travel days = 2 days

Business days = 9 days

Visiting friends = 5 days

Total days spent conducting business and visiting friends = 14 days

Business portion of the above expenses = 9/14

Amount to be deducted as business expenses is calculated as follows:

Portion of the above total expense =     $2,571 ($4,000 ( 9/14)

Airfare                                                            520

Entertainment of clients =                            640

Total amount that Jordan can deduct = $3,731

Thus, Jordan can deduct $3,731 of her expenses for the business trip.

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Susans Consulting Company (SCC) has been in business for ten years and has experienced a significant turnover in the project management group, which has prompted senior leadership to investigate.
A preliminary review by senior leadership has determined that Project Managers are frustrated with the amount of required project management documentation, which has impacted their ability to manage projects successfully.
A recent review of the project management process has determined that SCC has spent between 30-40% of its total project budget on projects' overhead costs to include project management costs. A review of industry standards is between 5-15% higher than most companies. In addition, senior leaders found that projects are being delivered between 25% and 50% over budget and late 95% of the time.
Note: Project Management overhead includes the PM's time managing the project, attending meetings, and developing the required documentation.
SCC Request: SCC has reached out to your team because you are experts in defining project management processes and delivering projects on time. The SCC request includes the following:
. The development of a new project management process which at a minimum should include the following:
· The ability to track issues, risks, changes
· The ability to view project activities consists of a view of what has been completed and what activities the team is working on over the next reporting period
· The company must have a view into total life cycle project costs to include what has been spent to date, baseline budget, any changes to the budget, remaining budget, and cost of the project at completion
· In addition, to the new process request, SCC has a new project they need to complete by the end of the year with a limited budget and no project management staff.
1. Using your defined project management process outlined above, describe the life cycle model for this project
2. Create a WBS for the project. Remember your WBS is a deliverable base, so there should be a section of your WBS which outlines our project management deliverables
3. Using your defined prioritization process, prioritize each application.
4. Using the defined organizational structure, create a pictorial and narrative description of the organizational structure for the project.

Answers

Answer:

was assigned with this problem (the reference text is attached):

Which of the following, if included in a student's paper, would NOT be an example of plagiarism?

1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).

2. Baseball is rather surprisingly known as "America's Favorite Pastime."

3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).

4. All of these are plagiarism.

The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarismwas assigned with this problem (the reference text is attached):

Which of the following, if included in a student's paper, would NOT be an example of plagiarism?

1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).

2. Baseball is rather surprisingly known as "America's Favorite Pastime."

3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).

4. All of these are plagiarism.

The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarismwas assigned with this problem (the reference text is attached):

Which of the following, if included in a student's paper, would NOT be an example of plagiarism?

1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).

2. Baseball is rather surprisingly known as "America's Favorite Pastime."

3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).

4. All of these are plagiarism.

The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarism

1.sing your defined project management process outlined above, describe the life cycle model for this project.

What is (SCC) ?

Susans Consulting Company (SCC) has been in business for ten years and has experienced a significant turnover in the project management group, which has prompted senior leadership to investigate.

A preliminary review by senior leadership has determined that Project Managers are frustrated with the amount of required project management documentation, which has impacted their ability to manage projects successfully.

A recent review of the project management process has determined that SCC has spent between 30-40% of its total project budget on projects' overhead costs to include project management costs. A review of industry standards is between 5-15% higher than most companies. In addition, senior leaders found that projects are being delivered between 25% and 50% over budget and late 95% of the time.

Note: Project Management overhead includes the PM's time managing the project, attending meetings, and developing the required documentation.

SCC Request: SCC has reached out to your team because you are experts in defining project management processes and delivering projects on time. The SCC request includes the following:

.The development of a new project management process which at a minimum should include the following:

The ability to track issues, risks, changes

The ability to view project activities consists of a view of what has been completed and what activities the team is working on over the next reporting period

The company must have a view into total life cycle project costs to include what has been spent to date, baseline budget, any changes to the budget, remaining budget, and cost of the project at completion.

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Assume that, on January 1, 2021, Sosa Enterprises paid $2,140,000 for its investment in 33,000 shares of Orioles Co. Further, assume that Orioles has 110,000 total shares of stock issued and estimates an eight-year remaining useful life and straight-line depreciation with no residual value for its depreciable assets. At January 1, 2021, the book value of Orioles' identifiable net assets was $7,160,000, and the fair value of Orioles was $10,000,000. The difference between Orioles' fair value and the book value of its identifiable net assets is attributable to $1,900,000 of land and the remainder to depreciable assets. Goodwill was not part of this transaction. The following information pertains to Orioles during 2021: Net Income $ 400,000 Dividends declared and paid $ 240,000 Market price of common stock on 12/31/2021 $ 80 /share What amount would Sosa Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.

Answers

Answer:

$2,152,750

Explanation:

Calculation to determine What amount would Sosa Enterprises report in its year-end 2021 balance sheet for its investment in Orioles Co.

Acquisition price for 30% share $2,140,000

($33,000 / $110,000 * 100=30%)

Add: Net income $120,000

($ 400,000 * 30%)

Less: Dividend ($72,000)

($240,000 * 30%)

Less: Excess depreciation ($35,250)

($940,000 / 8 yrs*30%)

[$10,000,000-$7,160,000-$1,900,000)=$940,000]

Investment reported in Balance $2,152,750

Therefore the amount that Sosa Enterprises would report in its year-end 2021 balance sheet for its investment in Orioles Co is $2,152,750

Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $140,000, $240,000, and $54,000, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,000, machine hours 24,000, and number of inspections 1,200.

Required:
Compute the overhead rate for each activity.

Answers

Answer:

Machine setups= $70 per setup

Machining= $10 per machine hour

Inspection= $45 per inspection

Explanation:

To calculate the allocation rate for each activity, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machine setups= 140,000 / 2,000= $70 per setup

Machining= 240,000 / 24,000= $10 per machine hour

Inspection= 54,000 / 1,200= $45 per inspection

TCost-908 Car Mechanic Inc. uses a job-order costing system. The company applies all of its overhead costs to jobs using a predetermined overhead rate based on direct labor-hours. At the beginning of the year, it made the following estimates: Direct labor-hours required to support estimated output 22,000 Fixed overhead cost $ 253,000 Variable overhead cost per direct labor-hour $ 1.00 During the year, a customer brought in her car for repairs. The following information was available with respect to the car's repairs: Direct materials $ 703 Direct labor cost $ 317 Direct labor-hours used 8 If TCost-908 sets its selling prices by adding a markup percentage of 40% of its total job cost, then how much would the company have charged this customer for her car's repairs?

Answers

Solution :

1.  Predetermined overhead rate

Fixed [tex]\text{overhead cost}[/tex]    (253,000 / 22,000)    =  $ 11.5

Variable [tex]\text{overhead cost}[/tex] per direct labor-hour  = $ 1

Predetermined overhead rate                          = $12.5

2.  Total job cost                  $

   Direct materials               703

  Direct labor cost               317

 Applied overhead (8 hours x $12.5 per direct labor hour)   = 100

 Total job cost                    = $ 1120

3. Charges     = $ 1120 x 140%

                      = $1568

 

Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The machine will cost $178,000, has an estimated useful life of 7 years, a salvage value of zero, and will increase net annual cash flows by $36,562.
What is its approximate internal rate of return? (Round answer to 0 decimal place, e.g. 13%.)
Internal rate of return

Answers

Answer: 10%

Explanation:

You can use Excel to solve for this.

The investment will be in negative as shown below.

Input the increase in net annual cash flows 7 times to represent 7 years.

IRR = 9.9999%

= 10%

Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 4,800 5,500 5,360 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,200 units. The budgeted production units for July are: Multiple Choice 6,000 units. 3,600 units. 6,175 units. 2,400 units. 4,975 units.

Answers

Answer: 4,975 units

Explanation:

Budgeted production in July = Sales forecast for July + Ending inventory for July - Beginning inventory

Beginning inventory = 25% of July sales

= 25% * 4,800

= 1,200 units

Ending inventory = 25% of August sales

= 25% * 5,500

= 1,375 units

Budgeted production is therefore:

= 4,800 + 1,375 - 1,200

= 4,975 units

Annual interest rate 4.00%

Loan Amount 4923275

Years 7

Grace Period 2 Years

Loan Period 5 Years

Total 7 Years

Project 1.5 years (development or initial investment period)

further 10 years of operation (life of the project)

Repayable in 5 equal installments.

I need figures for interest expense, interest paid, and principal repayment. Anyone can help me?

Answers

Answer:

formula is PRT÷10

Explanation:

so solve it

Which of the following are wholesale and which are retail?
(a ) large-scale deposites made by Firms at negotiated rates of in interest. ...........(retail to wholesales)
(b) Loans made by high Street banks at published rates of interest........ (retail (wholesales)
(c) Deposite in savings accounts high street banks .................(retail /wholesales)
(d) Deposite in savings accounts in building Societies ............. (retail/Wholesale)
(e) Large-scale loans to industry syndicated through several banks........... (retail/ Wholesale)​

Answers

E=whole sale

B=retail

D=retail

A=whole sale

C=whole sale

giải hộ em câu THUẾ này nói về đúng hay sai và giải thích , đưa ra lời giải giúp em ạ , em cám ơn mọi người ạ
DN nhập một lô hàng với số lượng là 10.000sp A; theo giá FOB cảng nước XK 1usd/sp. chi phí vận tải F và BHQT I phải trả bằng 20% giá nhập của lô hàng. tỷ giá hối đoái tính thuế 20.000 vnđ/usd. Thuế suất TNK 20% (TNK được giảm 20% số thuế phải nộp) , TTTDB 15%, TGTGT 10%. TNK, TGTGT, TTTĐB phải nộp của lô hàng A này lần lược là : 38.400.000 đ; 27.840.000đ; 45.936.000đ.

Answers

Explanation:

giải hộ em câu THUẾ này nói về đúng hay sai và giải thích , đưa ra lời giải giúp em ạ , em cám ơn mọi người ạ

DN nhập một lô hàng với số lượng là 10.000sp A; theo giá FOB cảng nước XK 1usd/sp. chi phí vận tải F và BHQT I phải trả bằng 20% giá nhập của lô hàng. tỷ giá hối đoái tính thuế 20.000 vnđ/usd. Thuế suất TNK 20% (TNK được giảm 20% số thuế phải nộp) , TTTDB 15%, TGTGT 10%. TNK, TGTGT, TTTĐB phải nộp của lô hàng A này lần lược là : 38.400.000 đ; 27.840.000đ; 45.936.000đ.

Team Sports has 4.9 million shares of common stock outstanding, 2.9 million shares of preferred stock outstanding, and 29 thousand bonds. If the common shares are selling for $3.90 per share, the preferred share are selling for $15.9 per share, and the bonds are selling for 98.91 percent of par, what would be the weight used for common stock in the computation of Team's WACC

Answers

Answer:

The weight used for common stock in the computation of Team's WACC is 20.35%.

Explanation:

Since par value of a bond is $1,000, we have:

Bond selling price = Bond par value * Selling price percentage = $1,000 * 98.91% = $989.10

the weight used for common stock in the computation of Team's WACC can be calculated as follows:

Value of common stock = Number of shares of common stock outstanding * Common stock price per share = 4,900,000 * $3.90 = $19,110,000

Value of preferred stock = Number of shares of preferred stock outstanding * Preferred stock price per share = 2,900,000 * $15.9 = $46,110,000

Value of bond = Number of bonds * Bond selling price = 29,000 * $989.10 = $28,683,900

Team's total value = Value of common stock + Value of preferred stock + Value of bond = $19,110,000 + $46,110,000 + $28,683,900 = $93,903,900

Therefore, we have:

Weight of common stock = Value of common stock / Team's total value = $19,110,000 / $93,903,900 = 0.2035, or 20.35%

Therefore, the weight used for common stock in the computation of Team's WACC is 20.35%.

Over the years, Hampton Industries' stockholders have provided $40,000,000 of capital when they purchased new issues of stock and allowed management to retain some of the firm's earnings. The firm now has 1,000,000 shares of common stock outstanding, and the shares sell at a price of $52 per share. What is Hampton's MVA(market value added)

Answers

Answer:

Hampton Industries

Hampton's Market value added (MVA) is:

= $12,000,000

Explanation:

a) Data and Calculations:

Stockholders' Equity = $40,000,000

Common stock outstanding = 1,000,000

Market price per share = $52

Market capitalization = $52,000,000 ($52 * 1,000,000)

Market value added (MVA) = $12,000,000 ($52,000,000 - $40,000,000)

b) The market value added (MVA) is the difference between the market capitalization of Hampton's stock and the capital contribution of stockholders.

Exercise 6-1B Calculate cost of goods sold (LO6-2) A company begins the year with inventory of $53,000 and ends the year with inventory of $43,000. During the year, the company has four purchases for the following amounts. Purchase on February 17 $ 208,000 Purchase on May 6 128,000 Purchase on September 8 158,000 Purchase on December 4 408,000 Required: Calculate cost of goods sold for the year.

Answers

Answer: $912,000

Explanation:

The cost of goods sold for the year will be:

Beginning inventory = $53,000

Add: Purchases = ($208,000 + $128,000 + $158,000 + $408,000) = $902,000

Cost of goods available for sale = $955,000

Less: Ending inventory = ($43,000)

Cost of goods sold = $912,000

Ambiance Inc. buys back 3,000 shares of its $10 par value common stock from investors at $45 per share. This stock repurchase would be recorded with a debit to: A. Treasury Stock for $30,000, a debit to Additional Paid-in Capital for $105,000, and a credit to Cash for $135,000. B. Treasury Stock and a credit to Cash for $135,000. C. Cash and a credit to Treasury Stock for $135,000. D. Treasury Stock and a credit to Cash for $30,000.

Answers

jjhhhhbjkkkknjhhhhjjjjjjj

If the United States passed a tariff on imported steel which of the following would directly benefit?

A. Foreign steal companies

B. All Americans would benefit because of the lower price for steel

C. Businesses which imports steel

D. American steel producers

Answers

businesses which imports steel C

In the two-country model of international labor mobility:________
A) the long-run equilibrium assumes countries' policies place significant restrictions on migration.
B) the long-run equilibrium assumes that desired migration exceeds actual migration.
C) the long-run equilibrium assumes that actual migration exceeds desired migration.
D) the long-run equilibrium is the result of a divergence of the real wages in the two countries.
E) the long-run equilibrium assumes that desired and actual migration are equal.

Answers

E) the long-run equilibrium assumes that desired and actual migration are equal.

Cardinal Health bonds have an annual coupon rate of 3.4 percent and a par value of $1,000 and will mature in 7 years. If you require a 5 percent return, what price would you be willing to pay for a Cardinal bond

Answers

The answer is "$716.56", and the further calculation can be defined as follows:Health care business, Cardinal Health Leading provider healthcare, and biopharmaceutical products and services that help pharmacists.The healthcare providers impact on customer care whilst reducing costs, improving productivity, or increasing productivity.

Annual coupon to be paid[tex]\bold{= \$1000 \times 3.4\%= \$1000 \times \frac{3.4}{100} = \$34}[/tex]

years = 7

Calculating the bond price:

[tex]= \$1000 \times PVF(5\%, 7\ years) +\$34 \times PVAF(5\%, 7\ years) \\\\= \$1000 \times 0.71068 +\$34 \times 0.17282\\\\= \$710.68 + \$5.87588\\\\= \$716.55588\\\\= \$716.56\\\\[/tex]

So, the final answer is "$716.56".

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Wanda opens a retirement account and starts with a balance of $6,000. One year later she has $6,720 in the account. During the year, the consumer price index increased from 160 to 166.4.

The nominal interest rate is ______________ % and the real interest rate is ____________ %

Consider the following information about production in quarter 1 of 2019.

Firm T produces 600 tires at a cost of $28 each, and sells 580 tires to Firm B at a cost of $37 each.
Firm B produces 290 bicycles at a total of cost of $348 each, and sells 280 bicycles to consumers for $407 each.

In this simple economy, what is the value of inventory investment?

Bob sells his 4 year old carto his cousin Bill. This _____________ count in GDP.
Joy sells her 5 year old car to CarMax. This _____________ count in GDP.
Auto Nation sells used cars for 25% more than they pay for them. This ___________ count in GDP

Answers

The nominal and the real interest rate is "12%" and "8%". A further explanation is provided below.

Given:

Future worth,

= $6,720

Present worth,

= $6,000

→ The Nominal interest rate is:

= [tex](\frac{Future \ worth}{Present \ worth})^{1/years} -1[/tex]

= [tex](\frac{6720}{6000} )^1-1[/tex]

= [tex]0.12\times 100[/tex]

= [tex]12[/tex] (%)

Now,

→ The Inflation rate will be:

= [tex]\frac{166.4}{160}-1\times 100[/tex]

= [tex]4[/tex] (%)

hence,

→ The real interest rate will be:

= [tex]Nominal \ rate - Inflation \ rate[/tex]

= [tex]12-4[/tex]

= 18

Thus the above is the right solution.

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A company purchases 50 units of inventory for $3.50 on January 5 and 35 units for $3.00 on January 25. It sells a total of 65 units on January 31. If the company is following the FIFO method of inventory costing, what is the total cost of the inventory sold?

Answers

Answer:

COGS= $220

Explanation:

Giving the following information:

A company purchases 50 units of inventory for $3.50 on January 5 and 35 units for $3.00 on January 25.

Number of units sold= 65

First, we need to calculate the number of units in ending inventory:

Ending inventory in units= (50 + 35) - 65= 20

Now, under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the firsts units incorporated into inventory:

COGS= 50*3.5 + 15*3

COGS= $220

Elson co, needs to raise debt and for this purpose issued two different bonds, Bond A and Bond B. Both bonds have 20 years to maturity with a face value of $20000. Bond A will make no coupon payment over the entire life, however Bond B is a semiannual coupon bond. It will make first coupon payment of $1100 at sixth year semiannually for the next 8 years. After that it will make coupon payment of $1400 for the rest of its remaining life. Find the price of Bond A and B if the required rate of return on these bonds is 7 percent compounded semiannually.

Answers

Answer:

The right solution is "$20.733.16".

Explanation:

According to the question,

Face value,

= $20000

Rate (r),

= .035

Bond A:

= [tex]\frac{Face \ value}{(1+r)^n}[/tex]

= [tex]\frac{20000}{(1+.035)^{40}}[/tex]

= [tex]5051.45[/tex] ($)

Bond B:

= [tex]\frac{1100\times 12.0941}{(1+.035)^{10}} + \frac{1400\times 10.9205}{(1+.035)^{26}} + \frac{20000}{(1+.035)^{40}}[/tex]

= [tex]9431.11+6250.6+5051.45[/tex]

= [tex]20733.16[/tex] ($)

Elbert uses FedEx in a scheme to defraud Global Sales Company by obtaining merchandise to which he is not entitled. Found guilty of mail fraud, Elbert can be punished by

Answers

Answer: None of the choices.

Explanation:

The options to the question are:

a. imprisonment for up to fifty years.

b. imprisonment for up to twenty years and/or fines.

c. fines up to $5 million.

d. none of the choices

Based on the questions asked, the options provided aren't correct. It should be noted that Elbert can be punished by imprisonment in this case for a period of your to about five years as well as a fine of up to $1000.

The quantity of money demanded is the Group of answer choices income and volume of profits that people and businesses would like to receive. average daily volume of bank account withdrawals. amount that people and businesses choose to hold. fraction of cash holdings in an average investment portfolio.

Answers

Answer:

The amount that people and businesses choose to hold.

Explanation:

The amount that people and businesses choose to hold.

The total demand for money is the total amount of money that people wants to hold and there are three main reasons for which money is being held. First is transactions related reason, second is the precautionary reason, and third is the speculative reason. The above three reasons push the people to hold the money that becomes the total demand for money.

Technology: Multiple Choice Has replaced accounting. Has not improved the clerical accuracy of accounting. Reduces the time, effort and cost of recordkeeping. In accounting has replaced the need for decision makers. In accounting is only available to large corporations.

Answers

Answer:

Reduces the time, effort and cost of recordkeeping.

Explanation:

Advantages of technology in accounting

It has improved the clerical accuracy of accounting. The errors made have reduced. It reduces the time, effort and cost of recordkeeping.It has reduced the reliability of accounting information generated because of increased accuracy

Despite the advantages of technology in accounting, technology is yet to replace man as decision makers because man is still needed to interpret the data generated by technology and take appropriate actions based on the interpretation of the generated data

Blackwell Industries received a 120-day, 9% note for $180,000, dated August 10 from a customer on account. Assume 360-day year. Required: a. Determine the due date of the note. b. Determine the maturity value of the note. When required, round your answers to the nearest dollar. $fill in the blank abd719f5d049ff0_2 c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not requ

Answers

Answer: a. 120 days

b. $185400

Explanation:

a. The due date of the note will be:

August = 31-10 = 21 days

September = 30 days

October = 31 days

November = 30 days

December = 8 days

Total = 120 days

b. The maturity value of the note will be:

= 180000 + (180000 × 9% * 120/360)

= 180000 + (180000 × 0.09 × 0.33)

= 180000 + 5346

= 185346

= 185400 to nearest dollar

3. 8 december

Debit Cash $ 185,400

Credit Note Receivable $180,000

Credit Interest Revenue $5,400

What is the IRR, assuming an industrial building can be purchased for $250,000 and is expected to yield cash flows of $18,000 for each of the next five years and be sold at the end of the fifth year for $280,000

Answers

Answer:

9.2%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 =  $-250,000

Cash flow in year 1 = $18,000

Cash flow in year 2 = $18,000

Cash flow in year 3 = $18,000

Cash flow in year 4 = $18,000

Cash flow in year 5 = $18,000 + $280,000

IRR = 9.2%

To determine IRR 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 IRR button and then press the compute button.  

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