FIFO Perpetual Inventory

The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period ending June 30 are as follows:

Date Transaction Number
of Units Per Unit Total
Apr. 3 Inventory 48 $150 $7,200
8 Purchase 96 180 17,280
11 Sale 64 500 32,000
30 Sale 40 500 20,000
May 8 Purchase 80 200 16,000
10 Sale 48 500 24,000
19 Sale 24 500 12,000
28 Purchase 80 220 17,600
June 5 Sale 48 525 25,200
16 Sale 64 525 33,600
21 Purchase 144 240 34,560
28 Sale 72 525 37,800
Required:

1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column.

Dunne Co.
Schedule of Cost of Goods Sold
FIFO Method
For the Three Months Ended June 30
Purchases Cost of Goods Sold Inventory
Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost
Apr. 3 $ $
Apr. 8 $ $
Apr. 11 $ $
Apr. 30
May 8
May 10
May 19
May 28
June 5
June 16
June 21
June 28
June 30 Balances $ $
2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account.

Record sale
Record cost
3. Determine the gross profit from sales for the period.
$

4. Determine the ending inventory cost as of June 30.
$

5. Based upon the preceding data, would you expect the ending inventory using the last-in, first-out method to be higher or lower?

Answers

Answer 1

Answer:

Dunne Co.

Schedule of Cost of Goods Sold

FIFO Method

For the Three Months Ended June 30

                                          Purchases      Cost of Goods Sold Inventory

Date            Description    Quantity    Unit Cost       Total Cost   Sales

Apr. 3          Inventory         48                $150             $7,200

Apr. 8          Purchase         96                  180              17,280

Apr. 11         Sale                           64        500                             32,000

Apr. 30       Sale                           40        500                             20,000

May 8         Purchase         80                 200             16,000

May 10       Sale                           48        500                             24,000

May 19       Sale                           24        500                             12,000

May 28      Purchase         80                  220            17,600

June 5       Sale                          48         525                             25,200

June 16      Sale                         64         525                             33,600

June 21      Purchase      144                  240            34,560

June 28     Sale                         72         525                             37,800

June 30     Total            448   360                         $92,640 $184,600

June 30     Balances       88                 $240          $21,120      

2. Determination of total sales and cost of goods sold and Journal Entries:

Debit Accounts Receivable $184,600

Credit Sales Revenue $184,600

To record the sales of goods on account for the period.

Debit Cost of Goods Sold $92,640

Credit Inventory $92,640

To record the cost of goods sold for the period.

3. Income Statement for determining the gross profit:

Sales Revenue       $184,600

Cost of goods sold $92,640

Gross profit             $91,960

4. Determination of the ending inventory cost of June 30:

Ending Inventory units = 88

Cost per unit (FIFO) = $240

Total =                     $21,120

5. The ending inventory would be lower if the ending inventory was valued using the Last-in, First-out (LIFO) method.  The purchase price was increasing instead.  Using LIFO means that ending inventory would be valued at the cost of the purchases in earlier months because of the assumption with LIFO that goods sold are from the last purchases instead of the earlier purchases.

Explanation:


Related Questions

The gap between the actual quantity produced by a monopolistically competitive firm and the optimal quantity in a competitive market is known as

Answers

Answer:

The correct answer is Excess Capacity.  

Explanation:

A monopolistically competitive firm is one that produces and or offers products or services in a market with similar, but not exact or perfect substitutes. A real-world example of a monopolistic competitive firm is Burger King. It competes with McDonald. Both companies sell burger and other types of fast food. However, are not perfect substitutes as there are slight differences, especially in shape and in taste, in the foods they offer.

When there is a  gap between the quantity produced and the scale of output that a business or firm has been designed for, Excess Capacity is said to exist. In other words, the actual quantity produced is below what is optimal for the economy.

Cheers!

Find the operating cash flow for the year for Harper​ Brothers, Inc. if it had sales revenue of ​, cost of goods sold of ​, sales and administrative costs of ​, depreciation expense of ​, and a tax rate of .

Answers

Answer:

$101,960,000

Explanation:

For the computation of operating cash flow first we need to follow some steps which are shown below:-

Step 1

EBIT = Sales - Cost of goods sold - Sales and administrative costs - Depreciation

= $302,100,000 - $135,900,000 - $39,600,000 - $65,000,000

= $61,600,000

Step 2

Net income = EBIT - Tax

= $61,600,000 - ($61,600,000 × 40%)

= $61,600,000 - $24,640,000

= $36,960,000

and finally

Operating cash flow = EBIT - Taxes + Depreciation

= $61,600,000 - $24,640,000 + $65,000,000

= $101,960,000

In 2017​, Lippart ​& Sons, a small​ environmental-testing firm, performed 11,000 radon tests for $330 each and 15,000 lead tests for $240 each. Because newer homes are being built with​ lead-free pipes,​ lead-testing volume is expected to decrease by 15​% next year.​ However, awareness of​ radon-related health hazards is expected to result in a 7​% increase in​ radon-test volume each year in the near future. Jim Lippart feels that if he lowers his price for lead testing to $220 per​ test, he will have to face only a 4​% decline in​ lead-test sales in 2018.Required:a. Prepare a 2018 sales budget for Hart & Sons assuming that Hart holds prices at 2017 levels. b. Prepare a 2018 sales budget for Hart & Sons assuming that Hart lowers the price of a lead test to $200.

Answers

Answer:

1.Radon Tests $3,884,100

Lead Tests $3,060,000

2.Radon Tests $3,884,100

Lead Tests $2,880,000

Explanation:

1.Preparation for 2018 sales budget for Hart & Sons

Lippart ​& Sons, 2017 Volume At 2017; Selling Prices

Radon Tests 11,000 $330

Lead Tests 15,000 $240

2018 Expected Change in Volume

Radon Tests 11,000 +7%

Lead Tests 15,000 -15%

Expected 2018 Volume

Radon Tests 11,000 *7% =$770

(11,000 +770)=$11,770

Lead Tests 15,000 *15%=$2,250

15,000-2,250=$12,750

Lippart ​& Sons Sales Budget For the Year Ended December 31,2018

Selling Price ×Units Sold = Total Revenues

Radon Tests 11,770*330=$3,884,100

Lead Tests 12,750*240=$3,060,000

2.1.Preparation for 2018 sales budget for Hart & Sons

Lippart ​& Sons, 2017 Volume At 2017; Selling Prices

Radon Tests 11,000 $330

Lead Tests 15,000 $200

2018 Expected Change in Volume

Radon Tests 11,000 +7%

Lead Tests 15,000 -4%

Expected 2018 Volume

Radon Tests 11,000 *7% =$770

(11,000 +770)=$11,770

Lead Tests 15,000 *4%=$600

15,000-600=$14,400

Lippart ​& Sons Sales Budget For the Year Ended December 31,2018

Selling Price ×Units Sold = Total Revenues

Radon Tests 11,770*330=$3,884,100

Lead Tests 14,400*200=$2,880,000

In the BCG Growth Share Matrix, the suggested strategy for Stars is to ________.


A. milk them to finance other businesses

B. invest large sums to gain a good market share

C. maintain position and after the market growth slows use the business to provide cash flow

D. not invest in them and to shift cash flow to other businesses

Answers

Answer:

C. maintain position and after the market growth slows use the business to provide cash flow

Explanation:

Stars in the BCG Growth Share Matrix refer to the goods that have a big market share and bring more revenue to the company but they also require to invest a lot of money. Because of that, companies try to keep their place as long as possible but when the market slows down, they take the cash flow from the product to increase their profits. According to that, the answer is that in the BCG Growth Share Matrix, the suggested strategy for Stars is to maintain position and after the market growth slows use the business to provide cash flow.

The other options are not right because milk them to finance other businesses and not invest in them and to shift cash flow to other businesses is not a suggested strategy for starts because they can provide a lot of money. Also, invest large sums to gain a good market share is not right as stars are not always able to generate a positive cash flow and you can end up losing a big amount of money.

In Rooney Company, direct labor is $18 per hour. The company expects to operate at 12,000 direct labor hours each month. In January 2017, direct labor totaling $222,400 is incurred in working 12,600 hours.
Prepare a flexible budget report.

Answers

Answer:

    Flexible budget Report for Rooney Company                              

                                       Flexed budget            Actual      Variance

Labour hours                  12,600                      12,600

Labour cost($)                  226,800                     222,400    4,400   Favorable

Explanation:

A flexible budget is that which is prepared to reflect the actual activity level achieved.  

It is useful for a control purpose; to compare the actual result to the expected performance. The expected performance is the the flexible budget which is a revised master budget.  

Also it uses the assumptions of the static budget like standard costs and prices.

Flexed budget for labour = standard hour × actual labour cost

                                          = $18×  12,600   = $ 226,800  

    Flexible budget Report for Rooney Company                              

                                       Flexed budget            Actual      Variance

Labour hours                  12,600                      12,600

Labour cost($)                  226,800                     222,400    4,400   Favorable

 

What describes minerals that are deemed real property, such as gold and silver, until they are removed from the earth and become personal property?
A. Mineral rights.
B. Nutrients.
C. Synthetics.
D. Solid minerale.

Answers

Answer:

The correct answer is D

Explanation:

Solid minerals contained in the land

(Coal, iron, ore, gold or silver)

Hope this helps! (づ ̄3 ̄)づ╭❤~

Minerals known as real property such as gold and silver are known as Solid minerale before they later become personal property.

What is a Solid minerale?

These are mineral that is natural occurring in a solid and inorganic state and are representable by a chemical formula.

An example of Solid minerale includes Talc, Gold, Clay, Lithium, Kyanite, Wolframite, Gemstones etc

Therefore, the Option D is correct.

Read more about Solid minerale

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The comparative balance sheet of Nathan Company appears below: NATHAN COMPANY Comparative Balance Sheet December 31, Assets 2017 2016 Current assets $420 $333 Plant assets 780 567 Total assets $1,200 $900 Liabilities and stockholders' equity Current liabilities $168 $144 Long-term debt 300 162 Common stock 432 306 Retained earnings 300 288 Total liabilities and stockholders' equity $1,200 $900 Using horizontal analysis, show the percentage change for each balance sheet item using 2016 as a base year. NATHAN COMPANY Comparative Balance Sheet December 31, Assets 2017 2016 Percentage change Current assets $420 $333 % Plant assets 780 567 % Total assets $1,200 $900 % Liabilities and stockholders' equity Current liabilities $168 $144 % Long-term debt 300 162 % Common stock 432 306 % Retained earnings 300 288 % Total liabilities and stockholders' equity $1,200 $900 % Using vertical analysis, prepare a common size comparative balance sheet. (Round percentages to 0 decimal places, e.g. 12.) NATHAN COMPANY Comparative Balance Sheet December 31 2017 2016 Assets Amount Percentage Amount Percentage Current assets $420 % $333 % Plant assets 780 % 567 % Total assets $1,200 % $900 % Liabilities and stockholders' equity Current liabilities $168 % $144 % Long-term debt 300 % 162 % Common stock 432 % 306 % Retained earnings 300 % 288 % Total liabilities and stockholders' equity $1,200 % $900 %

Answers

Answer:

                                    NATHAN COMPANY

                              Comparative Balance Sheet

                              For the years 2017 and 2016

                                              2017            2018          Change       Change

                                                                                     value           in %

Assets:

Current assets                      $420           $333            $87            26.13%

Plant assets                           $780           $567          $213            37.57%

Total assets                        $1,200           $900         $300            33.33%

Liabilities and stockholders' equity

Current liabilities                   $168            $144            $24             16.67%

Long-term debt                    $300            $162           $138            85.19%

Common stock                     $432           $306           $126             41.18%

Retained earnings                $300           $288             $12              4.17%

Total liabilities and equity  $1,200          $900          $300           33.33%

In a simple random sample of 800 people age 20 and over in a certain country, the proportion with a certain disease was found to be 0.165 (or 16.5%). Complete parts (a) through (c) below. a. What is the standard error of the estimate of the proportion of all people in the country age 20 and over with the disease? (Round to four decimal places as needed.) b. Find the margin of error, using a 95% confidence level, for estimating this proportion. m=______(round to three decimal places as? needed.)c. Report the 95% confidence interval for the proportion of all Americans age 20 and over with diabetes.

Answers

Answer and Explanation:

Please find attachment

I'm calculating standard error we used the formula standard deviation/√number of samples. Standard deviation is not known and so it was first calculated

Margin of error and confidence intervals were also calculated using their formulas

Dinklage Corp. has 7 million shares of common stock outstanding. The current share price is $68, and the book value per share is $8. The company also has two bond issues outstanding. The first bond issue has a face value of $70 million, a coupon rate of 6 percent, and sells for 97 percent of par. The second issue has a face value of $40 million, a coupon rate of 6.5 percent, and sells for 108 percent of par. The first issue matures in 21 years, the second in 6 years. Suppose the most recent dividend was $3.25 and the dividend growth rate is 5 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 21 percent. What is the company’s WACC?

Answers

Answer:

WACC = 8.98%

Explanation:

total value of equity = $68 x 7,000,000 = $476,000,000

cost of equity:

$68 = $3.4125 / (rrr - 5%)

rrr - 5% = 5.02%

rrr = 10.02%

total value of debt:

$70 million x 0.97 = $67,900,000

YTM = {60 + [(1,000 - 970)/21]} / [(1,000 + 970)/2] = 61.43 / 985 = 6.24%

$40 million x 1.08 = $43,200,000

YTM = {65 + [(1,000 - 1,080)/6]} / [(1,000 + 1,080)/2] = 51.67 / 1,040 = 4.97%

weighted cost of debt = ($67,900,000 / $111,100,000 x 6.24%) + ($43,200,000 / $111,100,000 x 4.97%) = 3.81% + 1.93% = 5.74%

total value of the firm = $476,000,000 + $67,900,000 + $43,200,000 = $587,100,000

equity weight = $476,000,000 / $587,100,000 = 0.81076

debt weight = 1 - 0.81076 =  0.18924

WACC = (0.81076 x 10.02%) + (0.18924 x 5.74% x 0.79) = 8.12% + 0.86 = 8.98%

Assume that investors have recently become more risk averse, so the market risk premium has increased. Also, assume that the risk-free rate and expected inflation have not changed. Which of the following is most likely to occur?a. The required rate of return will decline for stocks whose betas are less than 1.0 b. The required rate of return on the market, rm, will not change as a result of these changes c. The required rate of return for each individual stock in the market will increase by an amount equal to the increase in the market risk d. The required rate of return on a riskless bond will decline. e. The required rate of return for an average stock will increase by an amount equal to the increase in the market risk premium.

Answers

Answer: e. The required rate of return for an average stock will increase by an amount equal to the increase in the market risk premium.

Explanation:

The market risk premium is the interest rate over the risk-free rate that investors will be compensated with for taking on the risk. Returns consist of both the risk-free rate and a premium charged for risk.

If investors become more risk averse, they will have to be compensated for what they view as riskier investments by increasing the premium being given to them.

Should this happen, the return that they will require will therefore increase by the same amount that the premium has increased.

The Sprint vs. Verizon ads that compare the features and pricing of the two networks are examples of competitive advertising. True False

Answers

Answer:

True

Explanation:

They are trying to win over customers by comparing each others features in a competition

Competitive advertising is demonstrated by the Sprint vs. Verizon adverts, which compare the functionality and pricing of the two networks. So, it is a true statement.

What is competitive advertising?

Competitive advertising is the act of showcasing or promoting one's product in comparison to the product of another company.

This form of marketing can be used to target customers who are devoted to the other brand, prompting them to reassess their purchasing patterns.

The three types of competitive advertising are:

ComparativeReminderReinforcement

For more information about competitive advertising, refer below

https://brainly.com/question/3463451

On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the maturity value (principal plus interest) of the note on March 1

Answers

Answer:

$9,240

Explanation:

Computation of Maturity Value of the note

First step is to find the interest amount using this formula

Interest amount=(Face value *Note payable)*Numbers of days to signed/Numbers of days in a year

Let plug in the formula

Interest Amount = ($9,000*8%)*120/365

Interest amount = $720 * 120 / 360

Interest amount=720*0.33333

$240

Next step is to calculate for the Maturity value using this formula

Maturity Value = Face value +Interest amount

Let plug in the formula

Maturity value =$9,000 + $240

Maturity value = $9,240

Therefore the maturity value of the note on March 1 will be $9,240

Key facts and assumptions concerning Kroger Company, at December 12, 2007, appear below. Using this information, answer the questions following.

Facts and Assumptions
Yield to maturity on long-term government bonds 4.54%
Yield to maturity on company long-term bonds 6.32%
Coupon rate on company long-term bonds 7.50%
Market price of risk, or risk premium 6.30%
Estimated company equity beta 1.05
Stock price per share $ 25.97
Number of shares outstanding 681.2 million
Book value of equity $ 4,965 million
Book value of interest-bearing debt $ 6,674 million
Tax rate 35.0%
a. Estimate Kroger's cost of equity capital.
b. Estimate Kroger's weighted-average cost of capital. Prepare a spreadsheet or table showing the relevant variables.

Answers

Answer:

a. 11.16 %

b. 7.56 %

Explanation:

Cost of equity capital is the return that is required by Common Stockholders.

This can be determined as follows :

1. Growth Model

Cost of equity = Recent dividend / Market Price of Share + Expected Growth Rate

or

2. Capital Asset Pricing Model (CAPM)

Cost of equity = Return on Risk Free Security + Beta × Return on Market Portfolio Security

                       = 4.54% + 1.05 × 6.30%

                       = 11.16 %

WACC = Ke × (E/V) + Kd × (D/V) +Kp × (P/V)

Explanation and value of Variables

Ke = Cost of Equity

     = 11.16 %

E/V = Weight of Equity

      = $ 4,965 ÷ ( $ 4,965 + $ 6,674)

      = 42.66 %

Kd = Cost of Debt :

    = Interest × (1 - tax rate)

    = 7.50% × ( 1 - 0.35)

    = 4.875 or 4.88 %

D/V = Weight of Debt

      = $ 6,674 ÷ ( $ 4,965 + $ 6,674)

      = 57.34 %

Therefore,

WACC = 11.16 % × 42.66 % + 4.88 % × 57.34 %

           = 7.56 %

Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year:
Cost Retail
Beginning inventory $ 30,000 $ 45,000
Purchases 190,000 260,000
Freight-in 2,500 —
Net markups — 8,500
Net markdowns — 10,000
Employee discounts — 1,000
Sales revenue — 205,000
If the ending inventory is to be valued at the lower-of-cost-or-market, what is the cost-to-retail ratio?
a) $220,000 ÷ $315,000
b) $222,500 ÷ $305,000
c) $222,500 ÷ $313,500
d) $222,500 ÷ $303,500

Answers

Answer:

C. $222,500 ÷ $313,500

Explanation:

Calculation for cost to retail ratio

COST

Beginning inventory $30,000

Add; Purchases $190,000

Add: Freight in $2,500

Cost $222,500

RETAIL

Beginning inventory $45,000

Add: Purchases $260,000

Add: Net mark ups $8,500

Retail $313,500

Therefore, the cost to retail ratio will be

$222,500 $313,500

Consider two projects. The first project pays benefits of $85 today and nothing else. The second project pays nothing today, nothing one year from now, but $104 two years from now. a. Which project would be preferred if the discount rate were 0%? b. What if the rate increased to 10%? c. Find the Internal Rate of Return.

Answers

Answer:

Explanation:

a )

Discount rate is 0%

NPV of first project = 85

NPV of second project = 0 + 0 + 104 = 104

second project is preferrable .

b )

if discount rate is 10%

NPV of first project = 85

NPV of second project = 104 / 1.1²

= 85.95

Their NPV is almost the same so anyone can be preferred .

c ) IRR can not be calculated unless the cost of project or cash outflow is given .

Tadpole Learning Systems Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows: March $165,800 April 152,500 May 138,800 Depreciation, insurance, and property taxes represent $35,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in November. 59% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.Required:Prepare a schedule indicating cash payments for selling and administrative expenses for March, April, and May.

Answers

Answer:

Tadpole Learning Systems Inc.

Schedule of Cash Payments for Selling and Administrative Expenses:

                                                        March           April          May

59% paid in the month                 $77,172     $69,325     $61,242

Balance in the following month                     $53,628     $48,175

Total                                             $77,172    $122,953   $109,417

Explanation:

a) Data and Calculations:

                                                        March           April          May

Selling and admin. expenses      $165,800   $152,500   $138,800

Depreciation, insurance, and

 property taxes                              35,000       35,000       35,000

Remainder                                  $130,800     $117,500   $103,800

59% paid in the month                 $77,172     $69,325     $61,242

Balance in the following month                     $53,628     $48,175

Total                                              $77,172    $122,953   $109,417

a regional manager for a pet supply chain, is responsible for keeping his employees updated on changes in diversity policies. Jared plays the role of a _______ in managing diversity. disseminator leader liaison figurehead communicator

Answers

Answer: disseminator

Explanation:

A disseminator is a person who spread news to others.A leader is a person to lead a group.Liaison is a cooperation that keeps a close working relationship between the people.figurehead - a leader without any power.communicator- person who communicates with others.

Here,  regional manager acts like a disseminator who keeps his employees updated on changes in diversity policies.

Hence, the correct answer is "disseminator ".

According to the statement as per the question, Jared plays the role of a DISSEMINATOR in managing diversity.

What is Disseminator?

When A disseminator in an organization's setting, is known as an individual who passes or communicates vital or useful information to colleagues and also teammates.

A disseminator may be one who spread the news to others.

A leader may be a person to guide a bunch.

Liaison could be a cooperation that keeps an in-depth working relationship between the people.

Figurehead - a frontrunner with no power.

Communicator- one that communicates with others.

Although, the region of the manager acts as sort of a disseminator who keeps his employees updated on changes in diversity policies.

Therefore, the right answer is "disseminator ".

Find out more information about Disseminator here:

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The cash flows associated with each expansion site are summarized below. The expansion is planned for 5 years, and the interest rate is 12% per year. Use the B/C method to determine which site, if any, is the most acceptable. The monetary unit is $ million.
Site A B C
Initial cost, $ 55 70 200
M&O Cost, $/year 3 4 6
Benefits, $/year 20 29 55
Disbenefits, $/year 0.5 2 2.1
A. Site A
B. Site C
C. Site B
D. None

Answers

Answer:

C. Site B

Explanation:

A benefit-cost (B/C) method is a decision making techi=niques that uses benefit-cost ratio (BCR) to give a summary of overall relationship between the relative benefits and costs and a project being proposed.

To calculated the present values (PV) of Maintenance and Operations (M&O) Cost, Benefits and Disbenefits, we use cumulative discounting factor (CDF) for calculating the present value (PV) of an ordinary annuity as follows:

CDF = [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

r = interest rate = 12%, or 0.12

n = number of years = 5

Substitute the values into equation (1), we have:

CDF = [{1 - [1 / (1 + 0.12)]^5} / 0.12] = 3.60

We can now calculate the B?C of each Site as follows as follows:

a. Calculation of B/C ratio of Site A

Initial cost = $55

PV of M&O Cost = M&O Cost per year * CDF = $3 * 3.60 = $10.80

PV of Benefits = Benefits per year * CDF =$20 * 3.60 = $72.00

PV of Disbenefits = Disbenefits per year * CDF = $0.5 * 3.60 = $1.80

PV of Total Cost = Initial cost + PV of M&O cost + PV of Disbenefits = $55 + $10.80 + $1.80 = $67.60

B/C ratio of Site A = PV of Benefits / PV of tota cost = $72.00 / $67.60 = 1.07

b. Calculation of B/C ratio of Site B

Initial cost = $70

PV of M&O Cost = M&O Cost per year * CDF = $4 * 3.60 = $14.40

PV of Benefits = Benefits per year * CDF =$29 * 3.60 = $104.40

PV of Disbenefits = Disbenefits per year * CDF = $2 * 3.60 = $7.20

PV of Total Cost = Initial cost + PV of M&O cost + PV of Disbenefits = $70 + $14.40 + $7.20 = $91.60

B/C ratio of Site A = PV of Benefits / PV of tota cost = $104.40 / $91.60 = 1.14

b. Calculation of B/C ratio of Site B

Initial cost = $200

PV of M&O Cost = M&O Cost per year * CDF = $6 * 3.60 = $21.60

PV of Benefits = Benefits per year * CDF =$55 * 3.60 = $198.00

PV of Disbenefits = Disbenefits per year * CDF = $2.1 * 3.60 = $7.56

PV of Total Cost = Initial cost + PV of M&O cost + PV of Disbenefits = $200 + $21.60 + $7.56 = $229.16

B/C ratio of Site A = PV of Benefits / PV of tota cost = $198.00 / $229.16 = 0.86

Conclusion

1. Since the B/C ratio of only Site A and Site B are greater than 1, both are acceptable.

2. But since Site B's B/C ratio of 1.14 is greater Site A's B/C ratio of 1.07, Site B is the most acceptable. Therefore, the correct option is C. Site B.

If you were given a personality test as part of an employment application process, would you answer the questions honestly or would you attempt to answer the questions based upon your image of "correct" way to answer? what implications does your response has for the validity of personality testing?

Answers

Explanation:

Personality tests are sold on the promise that they are valid (they measure what they say they will measure) and reliable (they produce consistent results). “Many studies over the years have proven the validity of the MBTI instrument,” says the Myers & Briggs FoundationPsychologists seek to measure personality through a number of methods, the most common of which are objective tests and projective measures.Objective tests, such as self-report measures, rely on an individual's personal responses and are relatively free of rater bias.

Hope it will help you.

I would answer some questions honestly but if there are some questions which i can't tell the truth i will tell some lies. because if u really like this job and don't want to loose it, it's ok to give wrong answers just for once! That's my opinion. :p. But be careful u might get in trouble if they find out ur lying!

The common stock of Eddie's Engines, Inc., sells for $37.13 a share. The stock is expected to pay a dividend of $3.10 per share next year. Eddie's has established a pattern of increasing their dividends by 5.2 percent annually and expects to continue doing so. What is the market rate of return on this stock?

Answers

Answer:

13.55%

Explanation:

The common stock of Eddies engines is sold at $37.13 per share

The stock is expected to make a payment of $3.10 per share next year

The growth rate is 5.2%

Therefore, the market rate of return on the stock can be calculated as follows

Market rate of return= Next dividend payment/stock price × growth rate

= $3.10/$37.13 + 5.2%

= 0.0835×100 + 5.2%

= 8.35%+5.2%

= 13.55%

Hence the market rate of return on this stock is 13.55%

You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assuming an interest rate of 6.0%?
A. Year 0-$0.
B. Year 1-$1,000.
C. Year 2-$2,000.
D. Year 3-$2,000 and Year 4-$2,000.

Answers

Answer:

year two

Explanation:because less time still you'll have 2,000

If the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to 25.

a. True
b. False

Answers

Answer: True

Explanation:

The range of feasibility is used to measure values that are on the right-hand-side(objective function) that won't alter dual prices.

When the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to (20 + 5) = 25

Therefore, the option is true

Suppose that we have the following information concerning the government's finances and the macroeconomy for a given year: Government Debt: $12 trillion Inflation: 10% Nominal Deficit: $1.5 trillion What is the real deficit for the year

Answers

Answer: $300 billion

Explanation:

The real deficit that a Government has is one that has been adjusted for inflationary effects. It is calculated by subtracting the inflation rate times the total debt from the nominal deficit.

= Nominal deficit - (Inflation rate * Total debt)

= 1.5 trillion - ( 10% * 12 trillion)

= 1.5 trillion - 1.2 trillion

= $300 billion

A customer buys 100 shares of ABC at $17 as the initial transaction in a new margin account. The customer must deposit:______

Answers

Answer:

$1,700

Explanation:

Although the minimum equity to open a long margin account is $2,000. However, this does not apply if the securities in the account are paid fully.

It will amount to potential loss if a customer is asked to deposit more than 100% when buying. Since the customer wants to buy 1,700 of stock, it means that 100% or $1,700 (100 shares × $17) must be deposited.

2. Using semiannual compounding, what is the value to you of a 9% coupon bond with a par value of $10,000 that matures in 10 years if you require a 7% return

Answers

Answer:

The Value of the Bond, PV is $10.962.65

Explanation:

The Value of the Bond (PV) can be determined as follows :

PMT = ($10,000 × 9%) ÷ 2 = $450

P/YR = 2

N = 10

Required Return (YTM) = 7 %

FV = $10,000

PV = ?

Using a Financial Calculator, the Value of the Bond, PV is $10.962.65

The practice of changing prices for products in real time in response to supply and demand conditions is referred to as

Answers

Answer:

Dynamic pricing

Explanation:

In simple words, Dynamic pricing, often alluded to as rising rates, vibrant pricing as well as period-based pricing, relates to the pricing technique under which companies set variable prices for goods or commodities on the basis of existing consumer demands. A main benefit of competitive pricing seems to be the opportunity to increase the income with each consumer.

A Japan-based company, Sumo Gyms, Inc., issues a 35-year, semi-annual coupon bond, with a ¥300 million par value. The coupon rate is given as 5.90%, and the yield to maturity is 6.70. a. What is the value of the semi-annual coupon on the bond?

Answers

Answer:

per*

Explanation:

For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system:

Transaction:
Drawing by owner amounted to $1,500.

Required:
a. Which two accounts are affected ?
b. What kind of accounts are they?
c. Do the account balances increase or decrease?
d. Do we debit or credit the accounts?

Answers

Answer and Explanation:

Given that

Drawings by owner for $1,500

The journal entry is

Drawing Dr $1,500

       To cash $1,500

(being the amount withdrawn is recorded)

a. Here the two accounts are affected one is drawings account and the second one is the cash account

b. The drawing is the equity account while the cash is the asset account

c. The drawing account is increased and the cash account is decreased

d. The drawing account is debited and cash account is credited

If an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000:_______

a. either a one-tailed or two-tailed test could be used with equivalent results.
b. a one-tailed test should be utilized.
c. a two-tailed test should be utilized.
d. None of the above.

Answers

Answer: one tailed test should be utilized

Explanation:

From the question, we are informed that an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000.

A one tailed test should be utilized because the region of rejection will just have to be based on one side.

A bond pays a semiannual coupon, and the last coupon was paid 61 days ago. If the annual coupon payment is $75, what is the accrued interest

Answers

Answer:

$12.57

Explanation:

Calculation for the accrued interest

Using this formula

Accrued interest =(Annual coupon payment/2) * (The numbers of days the last coupon was paid/182)

Note that Semiannual means the that annual coupon payment happened twice in a year which is from January to June and from July to December and Secondly let assumed that we have $182 days in the 6 months period.

Let plug in the formula

Accrued interest=(75/2) × (61/182)

Accrued interest=37.5*0.33516

Accrued interest=$12.57

Therefore the Accrued interest will be $12.57

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