Answer:
$5,800
Explanation:
Calculation to prepare a December income statement for Hawkin.
INCOME STATEMENT
Revenues:
Services revenue $16,000
Expenses:
Rent expense $1500
Wages expense $8000
Utilities expense $700
Total expenses $10200
Net income $5800
($16,000-$10,200)
Therefore December income statement for Hawkin is $5,800
vThe profit for a product is increasing at a rate of $5600 per week. The demand and cost functions for the product are given by p = 6000 − 25x and C = 2400x + 5200, where x is the number of units produced per week. Find the rate of change of the sales with respect to Larson, Ron. Algebra and Trigonometry (p. 158). Cengage Learning. Kindle Edition.
Answer:
4 units per week
Explanation:
Calculation to Find the rate of change of sales
First step
dP/dt=5600
Second step
Since the revenue is the product of demand and sales
Hence,
R(x)=px
=(6000-25x)x
=6000x-25x²
Third step is to determine the profit which is the difference of revenue and cost.
Hence,
P(x)=R(x)-C(x)
=6000x-25x²-(2400x+ 5200)
=6000x- 25x² -2400x-5200
=3600x-25x²-5200
Fourth step is to Differentiate the profit with respect to time
dP/dt=3600 dx/dt- 50 dx/dt-0
=50(3600/50-x) dx/dt
=50(72-x) dx/dt
Now let Find the rate of change of sales when dP/dt=5600 and x =44
5600=50(72-44) dx/dt
5600=50(28) dx/dt
5600=1400 dx/dt
dx/dt=5600/1400
dx/dt= 4 units per week
Therefore the rate of change of sales is 4 units per week
One of the factors that influence a consumer buying is?
Answer:
Many different factors can influence the outcomes of purchasing decisions. Some of these factors are specific to the buying situation: what exactly you are buying and for what occasion. Other factors are specific to each person: an individual's background, preferences, personality, motivations, and economic status.
In its 2016 annual report, Lockheed Martin reported net earnings of $5,302 million and dividends paid of $2,048 million. Your forecast of net income for Lockheed Martin for 2017 is $5,504 million. What are projected dividends for the company for 2017
Answer:
The dividend for 2017 will be = $2124.98
Explanation:
The net earnings for the year 2016 = $5302
Dividend paid for the year 2016 = $2048
The forecast for the income of 2017 = $5504
The projected dividend for the year 2017 = 5504 x (2047 / 5302)
The projected dividend for the year 2017 = 2124.98
The dividend for 2017 will be = $2124.98
which is used as a tool for cost control in accounting
Answer:
ratio analysis
Explanation:
One potential advantage of financing corporations through the use of bonds rather than common stock is: ______________
a. the corporation must pay the bonds at maturity
b. the interest on bonds must be paid when due
c. a higher earning per share is guaranteed for existing common shareholders
d. the interest expense is deductible for tax purposes by the corporation.
Answer:
d. the interest expense is deductible for tax purposes by the corporation.
Explanation:
Corporate finance can be regarded as division of finance which handles the way corporations deal with activities such as investment decisions as well as funding sources and capital structuring. Corporate finance primarily deals with maximization of shareholder value by the use of long and short-term financial planning as well as implementation of various strategies. financing of corporations could be through the use of bonds as well as use of common stock.
There are different advantages that is associated to issuing bonds instead of issuing shares of common stock, is that Interest that comes on bonds as well as other debt is deductible as regards to the income tax return of the corporation while the dividends that comes on common stock are not regarded as deductible on the income tax return. It should be noted that One potential advantage of financing corporations through the use of bonds rather than common stock is the interest expense is deductible for tax purposes by the corporation.
Consider a $6500 piece of machinery, with a 5-year depreciable life and an estimated $1200 salvage value. The projected utilization of the machinery when it was purchased, and its actual production to date, are as follows:
Year Projected Production (Tons) Actual Production (Tons)
1 3500 3000
2 4000 5000
3 4500 [Not]
4 5000 Yet
5 5500 [Known]
Compute the depreciation using :
a. straight line
b. sum of years digits
c. double declining balance
d. Unit of production (for the first 2 years only)
e. Modified accelerated cost recovery system
Answer:
Hence the answer is given as follows,
Explanation:
This trait of a successful entrepreneur is important for multi-tasking. energy
dedication
well-rounded leader
risk-taking
Answer:
energy
Explanation:
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
The following are five (5) characteristics of an entrepreneur;
1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
2. Passionate: believing in a course and one's ability to achieve much more at a business.
3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.
4. Self-confident: he or she is bold and believes in his or her abilities to excel.
5. Well-rounded leader: it involves being compassionate, fun, organized and intelligent as a successful entrepreneur.
Energy can be defined as the ability (capacity) to do work.
Hence, energy is one of the traits of a successful entrepreneur and it is important for multi-tasking i.e performing multiple tasks at the same time.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and to take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
WHAT IS THE SUPPLY CHAIN FRAMEWORK'S IN OKADA? WHAT IS THE MODEL ?
Item 12 Firm X is being acquired by Firm Y for $35,000 cash which is being provided by retained earnings. The synergy of the acquisition is $5,000. Firm X has 2,000 shares of stock outstanding at a price of $16 a share. Firm Y has 10,200 shares of stock outstanding at a price of $46 a share. What is the value of Firm Y after the acquisition
Answer:
$471,200
Explanation:
Value of firm Y before acquisition = $46 * 10,200 shares
Value of firm Y before acquisition = $469,200
Book value of firm X = $16 * 2,000
Book value of firm X = $32,000
Cash provided to firm X = $35,000
Synergy of the acquisition = $5,000
Value of firm Y after acquisition = $469,200 + ($32,000 - $35,000) + $5,000
Value of firm Y after acquisition = $469,200 - $3,000 + $5,000
Value of firm Y after acquisition = $471,200
River co. just paid a dividend of $2 per share out of earnings of $4 per share. If its book value per share is $25 and its stock is currently selling for $40 per share, calculate the required rate of return on the stock.
Answer:
13.4%
Explanation:
Calculation to determine the required rate of return on the stock.
First step
g = (1 - 0.5)(4/25)
g = 0.08*100
g = 8%
Now let determine the required rate of return
r = [(2 * 1.08)/40] + 0.08
r= 13.4%
Therefore the required rate of return on the stock is 13.4%
On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,540 in assets in exchange for its common stock to launch the business. On October 31, the company’s records show the following items and amounts. Retained earnings, October 1 as $0.
Cash $12,650 Cash dividends $1,570
Accounts receivable 13,520 Consulting revenue 13,520
Office supplies 2,850 Rent expense 3,110
Land 45,940 Salaries expense 6,490
Office equipment 17,530 Telephone expense 850
Accounts payable 8,110 Miscellaneous expenses 660
Common stock 83,540
Required:
Using the above information prepare an October 31 balance sheet for Emst Consulting ERNST.
Solution :
Particulars Amount
Consulting revenue $13,520
Less: Expenses
Rent Expense ($3,110)
Salaries Expense ($6,490)
Telephone Expense ($850)
Miscellaneous Expense ($660)
Net Profit $2,410
Statement of Retained Earnings
Particulars Amount
Retained Earnings $2,410
Less : Cash Dividend ($1,570)
Net Retained Earnings $840
Ernst Consulting Balance Sheet as of October 31
Assets Amount Liabilities Amount
Current Assets Current Liabilities
Cash $12,650 Accounts Payable $8,110
Office Supplies $2,850
Accounts Receivable $13,520
Non-Current Assets Equity
Office Equipment $17,350 Common Stock $83,540
Land $45,940 Retained Earnings $840
Total $92,490 Total $92,490
Lisa Carson has the opportunity to receive $12,000 now or $15,000 in four years. If Lisa can earn 6 percent on her investments, what is the present value of the $15,000 payment?
Answer:
$11881.4
Explanation:
Given :
Future value, FV = $15,000
Interest rate, r = 6%
Period, n = 4 years
Using the Present Value formula :
PV = FV(1 ÷ (1 + r)^n)
15000(1 ÷ (1 + r)^n)
15000(1 ÷ (1 + 0.06)^4)
15000(1 ÷ 1.06^4)
15000(1 ÷ 1.26247696)
15000(0.7920936)
= $11,881.4
North Pole Fishing Equipment Corporation and South Pole Fishing Equipment Corporation would have identical equity betas of 1.10 if both were all equity financed. The market value information for each company is shown here: North Pole South PoleDebt $ 2,900,000 $ 3,800,000 Equity $ 3,800,000 $ 2,900,000 The expected return on the market portfolio is 10.9 percent, and the risk-free rate is 3.2 percent. Both companies are subject to a corporate tax rate of 35 percent. Assume the beta of debt is zero.a. What is the equity beta of each of the two companies? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))Equity betaNorth Pole South Pole b. What is the required rate of return on each of the two companies’ equity? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))Rate of returnNorth Pole % South Pole %
Answer and Explanation:
The calculation is given below;
For North Pole:
Unlevered Beta = 1.10
Debt = $2,900,000
Equity = $3,800,000
So,
D/E Ratio = Debt ÷ Equity
= $2,900,000 ÷ $3,800,000
= 0.76316
Now
Levered Beta = Unlevered Beta × [1 + (1 - tax) × D ÷ E Ratio]
= 1.10 × [1 + (1 - 0.35) × 0.76316]
= 1.65
Required Return = Risk-free Rate + Levered Beta × (Market Return - Risk-free Rate)
= 3.20% + 1.65 × (10.90% - 3.20%)
= 15.91%
For South Pole:
Unlevered Beta = 1.10
Debt = $3,800,000
Equity = $2,900,000
So,
D/E Ratio = Debt ÷ Equity
= $3,800,000 ÷ $2,900,000
= 1.31034
Now
Levered Beta = Unlevered Beta × [1 + (1 - tax) × D ÷ E Ratio]
= 1.10 × [1 + (1 - 0.35) × 1.31034]
= 2.04
And
Required Return = Risk-free Rate + Levered Beta × (Market Return - Risk-free Rate)
= 3.20% + 2.04 × (10.90% - 3.20%)
= 18.91%
A company's Office Supplies account shows a beginning balance of $710 and an ending balance of $620. If office supplies expense for the year is $3,650, what amount of office supplies was purchased during the period?
Answer:
the amount of office supplies was purchased during the period is $3,560
Explanation:
The computation of the office supplies purchased is shown below:
office supplies expense for the period $3,650
add: ending balance of supplies $620
less: opening stock of supplies availed - $710
Office supplies purchased $3,560
Therefore the amount of office supplies was purchased during the period is $3,560
please help me this question answer
Explain 2 benefits to Hamdi of being the sole owner of the company?
Answer:
freedom of choice
no dispute or conflict
no need to share profit
own boss
Explanation:
Differentiate between expansionary fiscal policy and contractional fiscal policy
Answer:
Expansionary fiscal policy includes tax cuts, transfer payments, rebates and increased government spending on projects such as infrastructure improvements. For example, it can increase discretionary government spending, infusing the economy with more money through government contracts. On the other hand, in Contractional Fiscal Policy, the government taxes more than it spends—either by increasing tax rates, decreasing spending, or both. This type of fiscal policy is best used during times of economic prosperity. Contractionary fiscal policy is the opposite of expansionary fiscal policy.
Explanation:
what is management ?
Management is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.
theo anh chị quan điểm về bán hàng hiện nay và trước kia khác nhau như thế nào
Explanation:
Trả lời ngắn gọn thôi nhe ^^
Bán hàng trước kia (mình đang chọn thời điểm trước khi có công nghệ, trước khi có mạng internet nha) thì sẽ bị hạn chế rất nhiều (thời gian, giao tiếp, v.v) so với bán hàng thời điểm hiện tại (Dẫn chứng: hiện tại có thể giao bán rất đơn giản qua việc livestream và ship trong khi trước kia thì việc giao bán hàng rất khó khăn..)
Thời điểm hiện tại có rất nhiều "cách" bán hàng khác nhau so với trước kia: đa cấp, online, ...
Bạn có thể tham khảo các trang khác nữa nhưng brainly ko cho mk đưa web lên mk rất xin lỗi ;-;
(Bạn có thể tra "kinh doanh hiện đại khác trước kia như thế nào" hoặc "bán hàng hiện nay và trước kia khác nhau như thế nào" thì sẽ nhận được khá nhiều trang hữu dụng nha)
<3 Chúc bạn có 1 ngày tốt lành nha!!
Identify whether the situations described below are example of uneven cash flows or annuity payments.
a. You recently moved to a new apartment and signed a contract to pay monthly rent to your landlord for a year.
b. SOE Corp. hires an average of 10 people every year and matches the contribution of each employee toward his or her retirement fund.
c. Franklinia Venture Capital (FVC) invested in a budding entrepreneur’s restaurant. The restaurant owner promises to pay FVC 10% of the profit each month for the next 10 years.
d. You have committed to deposit $600 in a fixed interest–bearing account every quarter for four years.
Solution :
The Uneven cash flow is defined as the series of unequal payments which is done over a period of time. Whereas if a regular amount is to be made in a fixed period of time, that such payments are known as equal cash flows.
An annuity payments refers to the payment that is made at equal interval of times. It pays a fixed amount of payments for an individual.
In the given situations,
a). Monthly rents payment is annuity payments.
b). Uneven cash flow
c). Uneven cash flow
d). Annuity
Lara Technologies is considering a cash outlay of $239,000 for the purchase of land, which it could lease out for $39,450 per year. If alternative investments that yield a 15% return are available, the opportunity cost of the purchase of the land is a.$39,450 b.$35,850 c.$75,300 d.$3,600
Answer:
kOUC VWDODU gaiyw vwiyd viyqdc8y1rv8eyc8eyvc8wyfvy82
Explanation:
to the end of the sixth year;
b/ The number of years required before the capital stock exceeds $200 000.
Liquidating Partnerships—Deficiency Prior to liquidating their partnership, Wakefield and Barns had capital accounts of $105,000 and $55,000, respectively. The partnership assets were sold for $40,000. The partnership had no liabilities. Wakefield and Barns share income and losses equally. a. Determine the amount of Barns' deficiency. $fill in the blank 1 b. Determine the amount distributed to Wakefield, assuming Barns is unable to satisfy the deficiency. $fill in the blank 2
Answer:
Liquidating Partnerships
a. The amount of Barn's deficiency is:
= $5,000.
b. The amount distributed to Wakefield, assuming that Barns is unable to satisfy the deficiency is:
= $40,000.
Explanation:
a) Data and Calculations:
Sharing of profits and losses = 1:1
Wakefield Barns Total
Capital account balances $105,000 $55,000 $160,000
Proceeds from partnership assets = 40,000
Loss from sale of partnership assets = 120,000
Sharing of loss equally -60,000 -60,000 -120,000
Capital account balances $45,000 ($5,000)
Distribution to Wakefield 40,000
Barn's capital account deficiency $5,000
b) When Barn is not able to satisfy his capital deficiency after the equal sharing of the loss from the sale of the partnership assets, the amount distributed to Wakefield is reduced by Barn's deficiency. Therefore, Wakefield will be paid cash of $40,000 since there are no liabilities.
Fleming Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 6% of accounts receivable will eventually be uncollectible. Selected account balances at December 31, 2017, and December 31, 2018, appear below:
12/31/14 12/31/15
Net Credit Sales $400,000 $500,000
Accounts Receivable 60,000 80,000
Allowance for Doubtful Accounts 5,200 ?
Record the following events in 2015.
Aug. 10 Determined that the account of Sue King for $800 is uncollectible.
Sept. 12 Determined that the account of Tom Young for $3,700 is uncollectible.
Oct. 10 Received a check for $500 as payment on account from Sue King, whose account had previously been written off as uncollectible. She indicated the remainder of her account would be paid in November.
Nov. 15 Received a check for $300 from Sue King as payment on her account.
Answer:
a) Aug. 10
Dr Allowance for Doubtful Accounts $800
Cr Accounts Receivable—Sue King $800
Sept. 12
Dr Allowance for Doubtful Accounts $3,700
Cr Account Receiveble- Tom young $3,700
Oct. 10
Dr Accounts Receivable— Sue King $800
Cr Allowance for Doubtful Accounts $800
Dr Cash $500
Cr Accounts Receivable— Sue King $500
(To record collection on account)
Nov. 15 Cash $300
Cr Accounts Receivable— Sue King $300
(b) Dec. 31
Dr Bad Debt Expense $30,000
Cr Allowance for Doubtful Accounts $30,000
(c) $38,900
Explanation:
a) Preparation of the journal entry
Aug. 10
Dr Allowance for Doubtful Accounts $800
Cr Accounts Receivable—Sue King $800
(To write off Sue King account)
Sept. 12
Dr Allowance for Doubtful Accounts $3,700
Cr Account Receiveble- Tom young $3,700
(To write off Tom Young account)
Oct. 10
Dr Accounts Receivable— Sue King $800
Cr Allowance for Doubtful Accounts $800
(To reinstate Sue King account previously written off)
Dr Cash $500
Cr Accounts Receivable— Sue King $500
(To record collection on account)
Nov. 15 Cash $300
Cr Accounts Receivable— Sue King $300
(To record collection on account)
(b) Preparation of the adjusting journal entry to record the bad debt provision for the year ended December 31, 2015.
Dec. 31
Dr Bad Debt Expense $30,000
($500,000 ×6%)
Cr Allowance for Doubtful Accounts $30,000
(To record estimate of uncollectible accounts)
(c) Calculation to determine the balance of Allowance for Doubtful Accounts at December 31, 2015
Balance of Allowance for Doubtful Accounts at December 31, 2015= ($5,200 – $800 – $3,700 + $800 + $30,000)
Balance of Allowance for Doubtful Accounts at December 31, 2015=$38,900
Therefore the balance of Allowance for Doubtful Accounts at December 31, 2015 is $38,900
Jelly Inc.'s contribution margin ratio is 62% and its fixed monthly expenses are $49,000. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $140,000?
Answer:
$37,800
Explanation:
Given the above information, we known that
Contribution margin ratio = Contribution margin / Sales
Contribution margin ratio = $140,000 × 62% = $86,800
Less: Fixed cost
($49,000)
Operating income
$37,800
Therefore, the best estimate of the company's net operating income is $37,800
Aptitude is defined as the ability to _____. learn several different jobs learn a particular kind of job get a job get fired from a job
If the government levies a $1,000 tax per boat on sellers of boats, then the price paid by buyers of boats would a. increase by less than $1,000. b. decrease by an indeterminate amount. c. increase by more than $1,000. d. increase by exactly $1,000.
Answer: increase by less than $1000.
Explanation:
It should be noted that when the government levies a $1,000 tax per boat on sellers of boats, then this will lead to the supply curve shifting upward by $1000.
Due to the tax imposed, there'll be an increase in the price that a buyer will pay for the boat. In this case, the buyer and the seller will share the burden of the tax. Hence, there'll be na increase in the price for the boat by less than $1000.
The group of people within an organization who participate in the buying process and share common goals, risks, and knowledge important to a purchase decision are referred to as the
Answer:
Buying center
Explanation:
The group of an people in an organization that participated for purchasing the process and at the same time they share the common goals, objectives, risk and knowledge that are crucial for making a purchasing decision we called it as the buying center. In this the unit of the decision making of an organziation contacted to the members for making the buying decision process of the firm
So the above should be the answer
Suppose the demand function (D) for golf clubs is: Q = 240-1.00P, where P is the price paid by consumers in dollars per club and Q is the quantity demanded in thousands.
Suppose the supply curve (S) for golf clubs is estimated to be: Q = 1.00P.
Calculate the equilibrium price for golf clubs and the equilibrium quantity sold.
The equilibrium price is $____ per club, and the equilibrium quantity is ____ thousand clubs.
Suppose instead that golf club producers agree to charge a price of $ per club. This would result in a surplus of___thousand clubs
Solution :
According to the theory of demand and supply, the equilibrium price and the quantity is established where both the demand and supply curves intersect.
From the graph, we can see that the point of equilibrium is at the intersection of D and S.
At this point, mathematically, D = S. In order to determine the price and quantity which exists at this point, we need to equate the demand as well as supply functions to calculate the equilibrium values.
∵ D is equal to S, we have
[tex]$240-1.00P=1.00P$[/tex]
[tex]240=2P[/tex]
[tex]120=P[/tex]
Now substituting this value of the equilibrium price in to any of the functions, we get the equilibrium quantity at this price.
[tex]$Q=240-1.00P$[/tex]
[tex]$Q=240-1.00(120)$[/tex]
[tex]$Q=240-120$[/tex]
[tex]$Q=120$[/tex]
This is the equilibrium quantity. At this point, equilibrium price as well as the quantity is the same. Let the price of the golf club increases from $120 to $140. So substituting the value to the function above to determine the new quantity.
[tex]$Q = 240-1.00(140)$[/tex]
= 100
Therefore, when the demanded quantity decreases from 120 thousand clubs to 100 thousand clubs. This increases the price and decreases the quantity as the supply curve moved to the left. The demand remains constant.
Lash World Pool Supplies wants its salespeople to call on pool wholesalers five times per year and to spend two hours on each sales call. Every salesperson works a 40-hour week and takes off two weeks for vacation each year. A salesperson must spend half of the time on travel and administration. Approximately how many salespeople does Splash World need to service 1000 accounts?
a)10
b) 20
c) 8
d) 2
e) 24
Answer:
a) 10
Explanation:
Calculation to determine Approximately how many salespeople does Splash World need to service 1000 accounts
First step is to determine the selling time
Using this formula
Selling time=Number of customers *Sales calls per year*Hours per sales call
Let plug in the formula
Selling time=1000 * 5 *2 hours
Selling time= 10,000 hours
Second step is to determine the number of hours they used to sell
Hours to sell= (40 hours per wweek* 50 weeks)*1/2
Hours to sell = 2000 hours per year*1/2
Hours to sell= 1000 hours per year.
Now let determine how many salespeople does Splash World need to service 1000 accounts
Number of salespeople=10,000 hours /1000 hours per year
Number of salespeople=10
Therefore Approximately how many salespeople does Splash World need to service 1000 accounts will be 10 salespeople
he following materials standards have been established for a particular product: Standard quantity per unit of output 4.2 meters Standard price $ 18.40 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,200 meters Actual cost of materials purchased $ 138,600 Actual materials used in production 6,700 meters Actual output 1,550 units. What is the materials price variance for the month?
a. $3,658 U
b. $7,700 U
c. $11,770 U
d. $6,120 U
Answer:
d. $6,120 U
Explanation:
Calculation to determine the materials price variance for the month
Using this formula
Materials price variance = (AQ × AP) – (AQ × SP)
Let plug in the formula
Materials price variance = $138,600 – (7,200 meters × $18.40 per meter)
Materials price variance = $138,600 – $132,480
Materials price variance = $6,120 U
Therefore Materials price variance is $6,120 U
Consider adopting a cost-reducing technology that lowers annual production costs by $1000 per year (into perpetuity, starting in year 1). If your opportunity cost of time is captured by a discount rate of 5%, what is the present) value of adopting the technology?
Answer:
$20,000
Explanation:
Present Value of Perpetuity = Annuity / ( Interest rate-Growth rate). Where Annuity=1000, Interest rate=5%, Growth rate=0
Present Value of Perpetuity = $1,000/(0.05-0)
Present Value of Perpetuity = $1,000/0.05
Present Value of Perpetuity = $20,000
So, the present) value of adopting the technology is $20,000.
