Dixon Sales has four sales employees that receive weekly paychecks. Each earns $13 per hour and each has worked 40 hours in the pay period. Each employee pays 12% of gross in federal income tax, 3% in state income tax, 6.0% of gross in social security tax, 1.5% of gross in Medicare tax, and 0.5% in state disability insurance.
Required:
Journalize the recognition of the pay period ending January 19 that will be paid to the employees January 26.

Answers

Answer 1

Answer:

Jan. 19

Dr Sales Wages Expense $ 3,640.00

Cr Federal Income Tax Payable $ 436.80

Cr State Income Tax Payable $ 109.20

Cr Social Security Tax Payable $ 218.40

Cr Medicare Tax Payable $ 54.60

Cr State Disability Insurance $ 18.20

Cr Sales Wages Payable $ 2,802.80

Explanation:

Preparation of the journal for recognition of the pay period ending January 19 that will be paid to the employees January 26.

Jan. 19

Dr Sales Wages Expense $ 3,640.00 (7 *40 *13)

Cr Federal Income Tax Payable $ 436.80 (3,640 * 12%)

Cr State Income Tax Payable $ 109.20 (3,640 * 3%)

Cr Social Security Tax Payable $ 218.40 (3,640 * 6%)

Cr Medicare Tax Payable $ 54.60 (3,640* 1.5%)

Cr State Disability Insurance $ 18.20 (3,640 *0.5%)

Cr Sales Wages Payable $ 2,802.80

($3,640.00-$436.80-$109.20-$218.40-$54.60-$18.20)


Related Questions

An FI purchases at par value a $100,000 Treasury bond paying 10 percent interest with a 7.5 year duration. If interest rates rise by 4 percent, calculate the bond's new value. Recall that Treasury bonds pay interest semiannually. Use the modified duration valuation equation.

Answers

Answer:

The bond's new value is $70,000

Explanation:

First calculate the percentage change in the value of the bond

Duration = Percentage change in price / Percentage change in yield

Percentage change in price = Duration x Percentage change in yield

where

Duration = 7.5 years

Percentage change in yield = 4%

Percentage change in price = ?

Placing value sin the formula

Percentage change in price = 7.5 x 4%

Percentage change in price = 0.30

Percentage change in price = 30%

As we know that the value of the bond and the yield rate are inversely proportional to each other, If the yield rate increases the value of the bond decreases due to the discounting factor used in the valuation o the bond.

Hence, the value of the bond is calculated as follow

Value of the bond = Par value of the bond x ( 1 - per centage of change in the price of the bond

Value of the bond = $100,000 x ( 1 - 30% )

Value of the bond = $100,000 x 0.70

Value of the bond = $70,000

Zero Calories Company has 16,000 shares of cumulative preferred 1% stock, $40 par and 80,000 shares of $150 par common stock. The following amounts were distributed as dividends:
Year 1 $21,600
Year 2 4,000
Year 3 100,800
Determine the dividends per share for preferred and common stock for each year.

Answers

year 3 i just took the test trust me it is year 3

The SRT partnership agreement specifies that partnership net income be allocated as follows in the following order: Partner S Partner R Partner TSalary allowance $20,000 $25,000 $15,000Interest on avg. capital balance 10% 10% 10%Remainder 30% 30% 40%Average capital balances for the current year were $60,000 for S, $50,000 for R, and $40,000 for T.Refer to the information given. Assuming no restrictions and current year net income of $45,000, what amount should be allocated to each partner? Partner S Partner R Partner TA) $17,000 $21,000 $7,000B) ($9,000) ($9,000) ($12,000)C) $13,500 $13,500 $18,000D) $22,500 $22,500 $0

Answers

Solution :

Note 1

calculation of remaining income after distribution of salary and interest on capital.

Total Net Income                                             $ 45,000

Less : Salary allowance                                   $ 60,000

($20,000 + $25,000 + $15,00)

Less : Interest on capital                                 $ 15,000

($ 6,000 + $ 5,000 + $ 4,000)

Remaining income / (loss) to be allocated    $ 30,000

Since the remaining income is negative, i.e. it loss to the SR partnership, so such Loss will also be allocated to the partners. Since in a partnership, Partners are required to share profits as well as losses. Hence, such loss will be deducted from the other shares.

Scheduled of amount allocated to each partner

                                                          Partners S      Partner R        Partner T

a). Salary allowance allocated          $ 20,000        $ 25,000       $ 15,000

b). Interest on average capital            $ 6000          $ 5000          $ 4000

    balance allocated.

c). Remaining income allocated       $ 9000           $ 9000          $ 12,000

Total allocation (a + b - c)  :                $ 17,000        $ 21,000        $ 7,000

BK Books is an online book retailer that also has 10,000 "bricks and mortar" outlets worldwide. You are a risk-neutral manager within the CorporateFinance Division and are in dire need of a new financial analyst. You onlyinterview students from the top MBAprograms in your area. Thanks to yourscreening mechanisms and contacts, the students you interview ultimately dif-fer only with respect to the wage that they are willing to accept. About 5 per-cent of acceptable candidates are willing to accept a salary of $60,000, while95 percent demand a salary of $110,000. There are two phases to the inter-view process that every interviewee must go through. Phase 1 is the initialone-hour on-campus interview. All candidates interviewed in Phase 1 are alsoinvited to Phase 2 of the interview, which consists of a five-hour office visit.In all, you spend six hours interviewing each candidate and value this time at$750. In addition, it costs a total of $4,250 in travel expenses to interview each candidate. you are very impressed with the first interviewee completing both phases of bk books’s interviewing process, and she has indicated that her reservation salary is $110,000. should you make her an offer at that salary or continue the interviewing process? explain.

Answers

Answer: Therefore, we should make her an offer at that salary

Explanation:

Based on the information given in the question,

Lowest salary = $60,000

Highest salary = $110,000

Expected Benefit = 5% × ($110,000 - $60,000) = 5% × $50,000 = $2500

The cost of conducting another interview will be:

= cost of time + cost of travel

= $750 + $4250

= $5000

Since the cost of conducting the additional interview is more than the expected benefit, therefore the interviewee should be hired rather than continuing the interviewing process.

Therefore, we should make her an offer at that salary.

Consider the market for purple potatoes below and assume that a price ceiling of $30 is imposed by the government. Calculate the deadweight loss:

Answers

Answer:

$5000

Explanation:

If a company is operating in a developing or less-developed country, which type of challenge can arise that would affect the shipping and movement of physical goods in a country

Answers

Answer: b. an infrastructure challenge

Explanation:

Developing countries are not as infrautructurally advanced as developed countries. They do not always have good roads, airports in many areas or adequate railway networks.

When goods are being shipped therefore, these pose a problem to the company doing the shipping as they would have to surmount these challenges in order to get their products from point A to be. For instance, as a result of bad roads, more money would have to be spent maintaining trucks that get damaged.

everyone makes mistakes sometimes. when we ask your most recent manager what types of mistakes you would be least likely to make on the job what will they say

Answers

Answer:

needs to be more spefic

Explanation:

If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be: Group of answer choices $9,160 $11,360 $1,960 $860 $1,100

Answers

Answer: $11,360

Explanation:

Budgeted cost of goods sold = Budgeted beginning inventory + Budgeted purchases - Budgeted ending inventory

10,260 = 8,300 + Budgeted purchases - 9,400

Budgeted purchases = 10,260 - 8,300 + 9,400

= $11,360

Camden Biotechnology began operations in September 2013. The following selected transactions relate to liabilities of the company for September 2013 through March 2014. Camden's fiscal year ends on December 31.Its financial statements are issued in April.2013a. On September 5, opened checking accounts at Second Commercial Bank and negotiated a short-term line of credit of up to $15,000,000 at the bank's prime rate (10.5% at the time). The company will pay no commitment fees.b. On October 1, borrowed $12 million cash from Second Commercial Bank under the line of credit and issued a five-month promissory note. Interest at the prime rate of 10% was payable at maturity. Management planned to issue 10-year bonds in February to repay the note.c. Received $2,600 of refundable deposits in December for reusable containers used to transport and store chemical-based products.d. For the September-December period, sales on account totaled $4,100,000. The state sales tax rate is 3% and the local sales tax rate is 3%. (This is a summary journal entry for the many individual sales transactions for the period.)e. Recorded the adjusting entry for accrued interest.2014f. In February, issued $10 million of 10-year bonds at face value and paid the bank loan on the March 1 due date.g. Half of the storage containers covered by refundable deposits were returned in March. The remaining containers are expected to be returned during the next six months.Required:1. Prepare the appropriate journal entries for these transactions.2. Prepare the current and long-term liability sections of the December 31, 2013, balance sheet. Trade accounts payable on that date were $252,000.

Answers

Answer:

Cash (Dr.) $12,000,000

Short term notes payable (Cr.) $12,000,000

Cash (Dr.) $2,600

Liability of refundable (Cr.) $2,600

Interest Expense (Dr.) $250,000

Interest Payable (Cr.) $250,000

Accounts receivable (Dr.) $4,100,000

Sales Revenue (Cr.) $3,977,000

Sales Tax Payable (Cr.) $123,000

Cash (Dr.) $10,000,000

Bond Payable (Cr.) $10,000,000

Explanation:

Liability Schedule 2013,

Accounts Payable $252,000

Current Portion of notes payable $2,000,000

Interest Payable $250,000

Sales tax Payable $123,000

Liability for refundable deposit $2,600

Total Current Liability $2,627,600

The manager of an air conditioning manufacturing plant wants to train their service installers on the steps to follow to install the new units. Which visual aid listed below is the best option?

Answers

Answer: can you please provide me with some options

Explanation:

No options are listed

The resource-based view of competitive advantage states that for something to yield competitive advantage it must be ______.

Answers

Answer:

"Rare, hard to duplicate, as well as non-substitutable" is the correct response.

Explanation:

Assesses as well as interprets companies' financial capabilities as well as stresses capacities and knowledge throughout the formulation of strategy to provides provision tangible benefits, is considered as RBV.Inputs that always encourage employees to exercise their business might be viewed as significant commodities.

rt,  a $0.73 per share cash dividend was declared by the board of directors for it common stock. On 12/31, the date of declaration, there were 98,000 shares authorized, 59,000 shares issued, and 8,000 Treasury shares. On the date of the dividend declaration, what amount will Walmart record into their dividend account

Answers

Answer:

$36,792

Explanation:

Missing word "At Walmart, the board of directors declared a $0.73"

Outstanding stockholder = Issued stockholder - Treasury stock

Outstanding stockholder = 59,000 shares - 8,600 shares

Outstanding stockholder = 50,400 shares

Amount of Dividend =  Declared per share cash dividend * Outstanding stockholder

Amount of Dividend = 50,400 shares * $0.73

Amount of Dividend = $36,792

So therefore, on the date of the dividend declaration, $36,792 shall be recorded by Walmart into their dividend account.

Depreciation, in accounting, is a process that results in: Multiple Choice an accurate measurement of the economic usefulness of an asset. depreciable assets being reported in the balance sheet at their fair value. accumulating cash for the replacement of the asset.

Answers

Answer:

spreading the cost of an asset over its useful life to the entity.

Explanation:

The depreciation is a non-cash expense that should be charged over the fixed assets i.e. land, buidling, car, etc

It is an expense so the same should be shown on the debit side of the income statement

Also the cost of an asset minus the salvage value divided by the useful life could be spreaded as the depredciation expense by using straight-line method

Draw supply and demand graphs that estimate what will happen to demand, supply, and the equilibrium price of coffee if these events occur: Widely reported medical studies suggest that coffee drinkers are less likely to develop certain diseases.

Answers

Answer:

Please find the required diagram in the attached image

Explanation:

Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.

Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :

1. a change in consumers' expectation

2. a change in the taste of consumers

3. a change in income

As a result of the study, there would be an increase in the demand for coffee. This would shift the demand curve to the right. As a result, there would an increase in equilibrium price and quantity

Accounts receivable $ 18,000 Long-term notes payable $ 21,000 Accounts payable 11,000 Office supplies 2,800 Buildings 45,000 Prepaid insurance 3,560 Cash 7,000 Unearned services revenue 3,000 Compute Chavez Company's current ratio using the above information.

Answers

Answer: 2.24

Explanation:

Current ratio = Current Assets / Current liabilities

Current assets = Accounts receivable + Office supplies + Prepaid insurance + Cash

= 18,000 + 2,800 + 3,560 + 7,000

= $31,360

Current liabilities:

= Accounts payable + Unearned service revenue

= 11,000 + 3,000

= $14,000

Current ratio = 31,360 / 14,000

= 2.24

Which of the following statements correctly describe properties of an economic model? Check all that apply.

A) An economic model requires a complex set of assumptions.
B) An economic theory can be expressed in the form “If X, then Y, all other things held constant.”
C) An economic model requires simplified assumptions.
D) The purpose of an economic model is to depict the real world as accurately as possible.

Answers

Answer:

A) An economic model requires a complex set of assumptions.

D) The purpose of an economic model is to depict the real world as accurately as possible.

Explanation:

The following statements that correctly describes properties of an economic model are:

A) An economic model requires a complex set of assumptions.

D) The purpose of an economic model is to depict the real world as accurately as possible.

An economic model requires a complex set of assumptions.The purpose of an economic model is to depict the real world as accurately as possible.

Are the properties of economic model.

What is Economics?

Economics is a social science which base on how human needs are met or satisfied through the allocation of scarce resources .

What is an Economic Model?

Economic model is a theoretical processes which consist of variables and how this set of logical variables relate within them.

Therefore,

An economic model requires a complex set of assumptions.The purpose of an economic model is to depict the real world as accurately as possible.

Are the properties of economic model.

Learn more on Economics from the link below.

https://brainly.com/question/17996538

Suppose a company wants to structure its assets and liabilities such that its equity is unaffected by interest rate risk. To accomplish that objective, which of the following must the company do?
a. The duration of its liabilities must be longer than the duration of its assets.
b. The duration of its liabilities must equal the duration of its assets.
c. The duration of its liabilities must be shorter than the duration of its assets.

Answers

Answer: b. The duration of its liabilities must equal the duration of its assets

Explanation:

Since the company wants to structure its assets and liabilities such that its equity is unaffected by interest rate risk, then the duration of its liabilities must equal the duration of its assets.

It should be noted that when the duration of its liabilities is shorter than the duration of its assets, the duration gap is positive and when there's a rise in interest rate, the worth of assets will be affected more.

When duration of its liabilities is longer than the duration of its assets, the duration gap is negative and when there's a rise in interest rate, the worth of liabilities will be affected more.

Finally, when the duration of its liabilities is equal the duration of its assets, its equity is unaffected by interest rate risk.

You are calculating the volume quantity needed for material that will compact to 95% of its original undisturbed volume. You know that you will need to fill a void with a volume of 1,487 cubic yards. What is the volume of material needed from the borrow pit to equal this amount when fully compacted

Answers

Answer:

Volume = 1565.56 cubic yards

Explanation:

The computation of the volume of material required is shown below:

95% × volume = 1,487 cubic yards

Volume = 1565.56 cubic yards

Basically 95% of volume is equivalent to the 1487 cubic yards

So according to this we determined the volume

Hence, the same should be considered

Actual indirect materials costs$11,800 $6,700 Actual indirect labor costs 55,600 45,900 Other overhead costs 16,000 49,900 Overhead applied 91,400 96,700 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.

Answers

Answer:

See below

Explanation:

1. Actual costs = $11,800(indirect material + $55,600(indirect labor) + $16,000(other overhead costs) = $83,400(actual cost)

$91,400(overhead applied) - $83,400(actual cost) = Overhead applied is greater than the actual cost which means that overhead was over applied by $8,000

2. Debit: Manufacturing overhead $8,000

______ Credit: Cost of goods sold $8,000

3. Actual costs = $6,700(indirect material) + $45,900(indirect labor) + $49,900(other overhead costs) = $102,500

$96,700(overhead applied) - $102,000(actual costs) = Overhead applied is less than the actual costs which means that overhead was under applied by $5,800

4. Debit : Cost of goods sold $5,800

_______ Credit: Manufacturing overhead $5,800

When the pressure for local responsiveness is strong and the pressure for coordination is weak for multinational corporations in an industry, the industry will tend to become:___________
A) global
B) consolidated
C) multidomestic
D) risky
E) indigenous

Answers

the answer is d) risky
It would be D!!!!!!!!!!!!!!!!!!! Risky

On December 31, 2020, Lipton, Inc. sold $3,000,000 (face value) of bonds. The bonds are dated December 31, 2020, pay interest annually on December 31, and will mature on December 31, 2020 The following schedule was prepared by the accountant for 2020 Annual Interest Period Interest to Interest be paid Expense Amortization Unamortized Amount $75,000 51.750 Bond Carrying Value $2,925,000 2,948,250 1 $240,000 $263,250 $23,250 On the basis of the above information, answer the following questions What is the stated interest rate for this bond issue? Stated interest rate SHOW LIST OF ACCOUNTS What is the market interest rate for this bond issun? Market interest rate 5 What is the market interest rate for this bond issue? Market interest rate % SHOW LIST OF ACCOUNTS What was the selling price of the bonds as a percentage of the face value? (Round answer to 1 decimal place, e.g. 52.7.) Selling price SHOW LIST OF ACCOUNTS tudy Prepare the journal entry to record the sale of the bond issue on December 31, 2020. (Credit account titles are autofnatically indented wh manually.) Debit Date Account Titles and Explanation Dec 31, 2020 Credit SHOW LIST OF ACCOUNTS Prepare the journal entry to record the payment of interest and amortization of discount on December 31, 2021. (Credit account titles an entered. Do not indent manually.) Account Titles and Explanation Debit Dec 31, 2021 Date Credit ly SHOW LIST OF ACCOUNTS

Answers

Answer:

Lipton, Inc.

1. Stated interest = Annual interest/Face value of bonds * 100

= $240,000/$3,000,000 * 100

= 8%

2. The market interest rate for this bond issue = Interest Expense/Price of issued bonds * 100

= $263,250/$2,925,000 * 100

= 9%

3. The selling price of the bonds as a percentage of the face value

= $2,925,000/$3,000,000 * 100

= 97,5%

4. Journal Entries:

Date                Account Titles and Explanation    Debit          Credit

Dec 31, 2020 Cash                                           $2,925,000

                       Bonds Discounts                              75,000

                       Bonds Payable                                               $3,000,000

To record the issuance of the bonds at a discount.

5.   Journal Entries:

Date                Account Titles and Explanation    Debit          Credit

Dec 31, 2021  Interest Expense                         $263,250

                      Amortization of bond discounts                      $23,250

                      Cash                                                               $240,000

To record the payment of interest and amortization of discount.

Explanation:

a) Data and Calculations:

December 31, 2020

Face value of issued bonds = $3,000,000

Interest payment = December 31 annually

Unamortized Amount = $75,000

Price of issued bonds = $2,925,000 ($3,000,000 - $75,000)

Discount on bonds =           $75,000 ($3,000,000 - $2,925,000)

Schedule:

2020 Annual Interest Interest Expense Amortization Bond Carrying Value

                                                                                                $2,925,000

1            $240,000           $263,250           $23,250               2,948,250

1. Stated interest = Annual interest/Face value of bonds * 100

= $240,000/$3,000,000 * 100

= 8%

2. The market interest rate for this bond issue = Interest Expense/Price of issued bonds * 100

= $263,250/$2,925,000 * 100

= 9%

3. The selling price of the bonds as a percentage of the face value

= $2,925,000/$3,000,000 * 100

= 97,5%

Analysis:

December 31, 2020:

Cash $2,925,000 Bonds Discounts $75,000 Bonds Payable $3,000,000

December 31, 2021:

Interest Expense $263,250 Amortization of bond discounts $23,250 Cash $240,000

Suppose you buy 30 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 464.5, and you close out your position. Calculate your dollar profit on this investment

Answers

Full question attached

Answer and Explanation:

If you buy 30 of the September corn futures contract at the closing price of 472.00(refer to the chart in picture attached)

Your total buying value = 30×472.250=14167.5

Since one month from now the corn futures contract is 464.5

Total value of your corn futures now= 30×464.5= 13935

Profit/loss=13935-14167.5= -232.5

Therefore you make a loss of $232.5

Spanolia LLC is estimating its WACC. Its bonds have a 12 percent coupon, paid semiannually, a current maturity of 20 years, and sell for 1,000 USD. The firm's marginal tax rate is 40 percent. What is the after-tax cost of debt? Answer in % terms to 2 decimal places w/o the % sign.

Answers

Answer:

Spanolia LLC

The after-tax cost of debt is:

= 7.20%.

Explanation:

a) Data and Calculations:

Coupon interest rate of bonds = 12%

Maturity period = 20 years

Selling price = $1,000

Firm's marginal tax rate = 40%

After-tax cost of debt = Coupon interest rate * (1 - tax rate)

= 12% * (1 - 0.4)

= 12% * 0.6

= 7.20%

b) Spanolia's after-tax cost of debt is derived by multiplying the cost of debt by the after-tax rate.  The after-tax cost of debt represents the interest that Spanolia LLC pays on the bonds less the income tax savings that it gains because interest expenses are tax-deductible.

MSI has been approached by a fourth-grade teacher from Portland about the possibility of creating a specially designed game that would be customized for her classroom and environment. The teacher would like an educational game to correspond to her classroom coverage of the history of the Pacific Northwest, and the state of Oregon in particular. MSI has not sold its products directly to teachers or school systems in the past, but its Marketing Department identified that possibility during a recent meeting.
The teacher has offered to buy 1,000 copies of the CD at a price of $5 each. MSI could easily modify one of its existing educational programs about U.S. history to accommodate the request. The modifications would cost approximately $500. A summary of the information related to production of MSI’s current history program follows:
Direct materials $ 1.50
Direct labor 0.60
Variable manufacturing overhead 2.25
Fixed manufacturing overhead 2.00
Total cost per unit $ 6.35
Sales price per unit $ 12.00
Required:
1. Compute the incremental profit (or loss) from accepting the special order.
2. Should MSI accept the special order?
Yes
No
3. Suppose that the special order had been to purchase 1,000 copies of the program for $4.50 each. Compute the incremental profit (or loss) from accepting the special order under this scenario.
4. Suppose that MSI is operating at full capacity. To accept the special order, it would have to reduce production of the history program. Compute the special order price at which MSI would be indifferent between accepting or rejecting the special order. (Round your answer to 2 decimal places.)

Answers

Answer:

1. The incremental profit from accepting the special order is $150.

2. Yes, MSI should accept the special order. This is because it will increase profit by $150.

3. The incremental loss from accepting the special order is $350.

4. The special order price at which MSI would be indifferent between accepting or rejecting the special order is $12.50 per unit.

Explanation:

Note that only variable costs are relevant to making decision on a special order. That is, fixed cost is not relevant. Therefore, we have:

Total variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead = $1.50 + $0.60 + $2.25 = $4.35.

We then proceed as follows:

1. Compute the incremental profit (or loss) from accepting the special order.

Incremental profit (or loss) = ((Special order price per unit - Total variable cost per unit) * Units of special order) - Modification cost = (($5 - $4.35) * 1,000) - $500 = $150

Therefore, the incremental profit from accepting the special order is $150.

2. Should MSI accept the special order?

Yes, MSI should accept the special order. This is because it will increase profit by $150.

3. Suppose that the special order had been to purchase 1,000 copies of the program for $4.50 each. Compute the incremental profit (or loss) from accepting the special order under this scenario.

Incremental profit (or loss) = ((Special order price per unit - Total variable cost per unit) * Units of special order) - Modification cost = (($4.50 - $4.35) * 1,000) - $500 = ($350), or –$350

Therefore, the incremental loss from accepting the special order is $350.

4. Suppose that MSI is operating at full capacity. To accept the special order, it would have to reduce production of the history program. Compute the special order price at which MSI would be indifferent between accepting or rejecting the special order. (Round your answer to 2 decimal places.)

This can be calculated as follows:

Modification cost per unit = Modification cost / Units of special order = $500 / 1,000 = $0.50

Special order price = Regular price + Modification cost per unit = $12 + $0.50 = $12.50 per unit

Therefore, the special order price at which MSI would be indifferent between accepting or rejecting the special order is $12.50 per unit.

The Caldwell Herald newspaper reported the following story: Frank Ormsby of Caldwell is the state’s newest millionaire. By choosing the six winning numbers on last week’s state lottery, Mr. Ormsby won the week’s grand prize totaling $1.38 million. The State Lottery Commission indicated that Mr. Ormsby will receive his prize in 20 annual installments of $69,000 each. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1. If Mr. Ormsby can invest money at a 11% rate of return, what is the present value of his winnings?

Answers

Answer:

the  present value of his winning is $549,447

Explanation:

The computation of the present value of his winning is shown below:

= Annual installment × PVIFA factor at 20 years for 11%

= $69,000 × 7.963

= $549,447

Hence, the  present value of his winning is $549,447

The same should be considered and relevant

Why is it so crucial to ascertain correct/accurateWhy is it so crucial to ascertain correct/accurate market information in your market research market information in your market research prior to carrying out a feasibility study?

Answers

Answer:

It is important because it can help identify potential obstacles that may impede its operations and recognize the amount of funding it will need to get the business up and running.

Explanation:

It is very crucial to ascertain accurate market information in your market research before carrying out a feasibility study so as to help identify possible obstacles that would impeded the business and also to know the amount needed for funding.

Which of the following statements is incorrect? Employment insurance compensation encourages longer job searches, which may lead to a better match between jobs and employees. Employment insurance compensation increases the opportunity cost of being unemployed. The typical employment insurance compensation is roughly one third of one's latest salary for up to 26 weeks. Demand and supply curves for labor are constantly shifting.

Answers

Answer:

Employment insurance compensation increases the opportunity cost of being

unemployed.

Explanation:

The Employment insurance program is the benefit that is provided temporarily to the people who do not have jobs or had lost their jobs of no fault of their own. This program helps the unemployed with financial help temporarily so that they can survive and search for another jobs.

The compensations provided from the employment insurance encourages the people for a longer job search and better match between the employees and the jobs. This financial aid is provided for up to a maximum of 26 months and for 1/3rd of one's latest salary. The demand and supply curve for te labor is shifting constantly.

Thus the incorrect statement is :

Employment insurance compensation increases the opportunity cost of being

unemployed.

Which one is not a main question when you evaluate earnings' quality?
a. Source of revenue and persistent of revenues
b. Gross profit relationship between earnings and the market price of the common stock
c. Debt to equity ratio and total amounts of liabilities.

Answers

Answer:

Debt to equity ratio and total amounts of liabilities

Explanation:

Permanent and Temporary components of Earnings

The Permanent components of earnings may continue into future. Example is the sales revenue from regular product lines may continue in the future.

Temporary components of earnings may not continue in the future. Example is the gains or losses from the sale of equipment

Quality of Earnings

This is simply defined as any substance of earnings and their sustainability into future accounting periods.

The Quality of Earnings is influence largely by:

1. Accounting Methods: this entails all methods/means are set up/designed to match revenue and expenses.

2. Accounting estimates: this is when users of financial statement need to be aware of the impact that accounting estimates have on income.

3. One time items: this covers if and when earnings increase/decrease because of a one time items,then that portion of earnings will be sustained in the future.

Components of Earnings quality

1. Proper revenue and expense recognition

2. Declining or stable operating expenses compared to sales

3. High and persistently improving gross margin/ sales ratio etc.

The debt to equity ratio and the total amount of liabilities of a company is not important in evaluating the earnings' quality.

Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million sets of spinning rims at an amazing price of $500 per set. In 2016, the economy was able to produce 1 million sets of spinning rims at a price of $1,000 per set. By what amount did real GDP increase between 2015 and 2016 in the simple one good economy

Answers

Answer: 0

Explanation:

Firstly, we will calculate the nominal value in 2015 which will be:

= $500 x 1 million

= $500 million

The nominal value in 2016 will be:

= $1000 x 1 million

= $1 billion

Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:

= $500 million x 1 million sets

= $500 million

Therefore, the increase in real GDP is zero.

Reliability is how long an item or system will perform its function before it breaks. Good reliability will ______________________. Decrease logistics support requirements Increase life cycle sustainment costs Decrease system readiness Increase manpower waste

Answers

Answer:

Decrease logistics support requirements.

Explanation:

Decrease logistics support requirements is the correct answer because the increase in reliability decreases the requirement to correct the commodity or equipment. Therefore, the logistic support decreases which further decreases the manpower waste. Additionally, the good reliability shows that the product's quality is good and it will work efficiently for a longer time period. Thus, a good quality product requires less logistic support.

Reliability is a quality of being trustworthy and in performing constantly well. It result in measurement and calculations and tends to be more accurate.

Thus there is a decrease in logistics support requirements. When the system function before it breaks. Good reliability will always support the system.

Hence the option A is correct.

Learn more about the or system will perform its function before.

brainly.com/question/14312571.

Other Questions
The diagram below shows a portion of the water cycle. The diagram shows the text 'Surface water' in a rectangular box, below it the text 'Groundwater' is in another rectangular box. In between the two boxes the text 'Infiltration' is beside an arrow point down, and the letter 'Y' is beside an arrow pointing up. What does Y most likely represent? well river ocean springs the four advantage of animal and Agriculture insurance Which is something only direct characterization describes?what a character doeswhat a character sayswhat a character looks likewhat a character thinks about What type of Literary Devices is this passage and provide an explanation Let us go then, you and I, When the evening is spread out against the sky Like a patient etherised upon a table;NEED THIS ASAP PLEASE A ball of mass 0.3 kg is released from rest at a height of 8 m. How fast is it going when it hits the ground? (Gravity being equal to 9.8) PART AS MARKS)The following statements contain errors. Choose the correct tense for each statementStatementPast Present FutureTense Tense Tense1. A class is where students learn and a teacherteaches2. After lunch I took a bus to Jalan Kemaman and dosome shopping3. Rafi acted foolishly last night4. My father told me that ragging never occurredwhen he was in the army5. Some countries, like the UK and Japan, dependmainly on international trade, which gave themmost of their income.6. We must approached as many customers as wecould7. Faiz said that the new students have problemsevery year when they entered the hostel8. My mother was surprised when she noticed I hadchanged my behaviour9. I like him because his gentle manners make mefeel happy when I was with him10. The Lee family lives in this area since the 1890s Find the areaPlease help me From two points on the same level as the base of a tree, the angles of elevation to the top of the tree are found to be 24 and 46. If the two points are 42 feet apart and on the same side of the tree, how tall is the tree? (Give your answer to the nearest tenth of an inch.) Use the graph to estimate the solutions to 4 log2 (2x) = x + 4. Select all that apply. Helpppppppppppp!!!!!!!!!If you apply the changes below to the absolute value parent function f(x) = |x|, which of these is the equation of the new function shift 4 units to the left shift 6 units up . In ABC ,D and E are points on the sides AB and AC respectively such that DE is parallel to BC , 1) If AD= 2.5 cm ,BD = 3cm ,AE = 3.75 cm find length of AC. 2) If AD = 4 cm , AE =8cm ,DB =x 4 cm ,EC =3x -19 cm , find x 3) I f AD =2cm ,BD = 4cm , show that BC = 3 DE How many moles of carbon dioxide at STP will fit in a 50 liter container? If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be: Group of answer choices $9,160 $11,360 $1,960 $860 $1,100 Given that Z1 = 1 + i and Z2 = 3 - 4i, find z1z2 For an ideal gas, classify the pairs of properties as directly or inversely proportional. You are currently in a sorting module. a. P and n b. V and n c. P and T d. T and V e. P and V1. directly proportional2. inversely proportional Answer pls:) I would really appreciate it how can you tell if a diamond is real or fake A study was conducted by a team of college students for the college research center. From the study, it was reported that most shoppers have a specific spending limit in place while shopping online. The reports indicate that men spend an average of $230 online before they decide to visit a store. If the spending limit is normally distributed and the standard deviation is $19. (a) Find the probability that a male spent at least $210 online before deciding to visit a store. Ans: ____________(b) Find the probability that a male spent between $240 and $300 online before deciding to visit a store. Ans: ____________(c) Find the probability that a male spent exactly $250 online before deciding to visit a store. Ans: (d) Ninety-one percent of the amounts spent online by a male before deciding to visit a store are less than what value? Ans: ____________ The third National Health and Nutrition Examination Survey collected body fat percentage (BF%) and gender data from 13,601 subjects ages 20 to 80. The average BF% for the 6,580 men in the sample was 23.9, and this value was 35.0 for the 7,021 women. The standard error for the difference between the average men and women BF%s was 0.114. Do these data provide convincing evidence that men and women have different average BF%s. You may assume that the distribution of the point estimate is nearly norma A particular cross gives a modified dihybrid ratio of 9:7. What phenotypic ratio would you expect in a testcross of the fully heterozygous F1 crossed with the fully recessive type