The following income statement and additional year-end information is provided.
SONAD COMPANY
Income Statement
For Year Ended December 31
Sales $1,647,000
Cost of goods sold 807,030
Gross profit 839,970
Operating expenses
Salaries expense $225,639
Depreciation expense 39,528
Rent expense 44,469
Amortization expenses—Patents 4,941
Utilities expense 18,117 332,694
507,276
Gain on sale of equipment 6,588
Net income $513,864
Accounts receivable $29,000 increase Accounts payable $14,925 decrease
Inventory 23,425 increase Salaries payable 5,000 decrease
Prepare the operating activities section of the statement of cash flows using the indirect method.

Answers

Answer 1

Answer:

Cash flow from Operating Activities

Net income                                                         $513,864

Adjustment for Non-cash items :

Depreciation expense                                        $39,528

Amortization expenses—Patents                          $4,941

Adjustment for Changes in Working Capital :

Increase in Accounts receivable                      ($29,000)

Decrease in Accounts payable                          ($14,925)

Increase in Inventory                                          ($23,425)

Decrease in Salaries payable                             ($5,000)

Net Cash flow from Operating Activities          $485,983

Explanation:

The Indirect method, reconciles the Operating Profit to the Operating Cash Flow by adjusting for the following items :

Non-cash items previously added or deducted from the Operating ProfitAdjustments for Changes in Working Capital items

Related Questions

McKerley Corp. has preferred stock outstanding that will pay an annual dividend of $3.70 per share with the first dividend exactly 14 years from today. If the required return is 3.6 percent, what is the current price of the stock?

Answers

Answer:

$64.89

Explanation:

Calculation for the current price of the stock

First step is to find the preference stock value at end of 13 years

Using this formula

P13= Annual dividend/Required return

Let plug in the formula

P13=$3.70/.036

P13= $102.78

The second step is to calculate for the current price of the stock

Using this formula

P0= P13/(1+Required return)^Dividend years

Let plug in the formula

P0= $102.78/(1 + .036)^13

P0=$102.78/(1.036)^13

P0=$102.78/1.5837

P0=$64.89

Therefore the current price of the stock will be $64.89

Seven Manufacturing Corporation uses both standards and budgets. The company estimates that production for the year will be 100,000 units of Product Fast. To produce these units of Product Fast, the company expects to spend $600,000 for materials and $800,000 for labor.

Required:
Compute the estimates for a standard cost.

Answers

Answer:

Unitary cost= $14

Explanation:

Giving the following information:

Production= 100,000

To produce these units of Product Fast, the company expects to spend $600,000 for materials and $800,000 for labor.

First, we need to calculate the total cost and then the unitary cost:

Total cost= 600,000 + 800,000= $1,400,000

Unitary cost= 1,400,000/100,000= $14

Walnut has received a special order for 2,700 units of its product at a special price of $200. The product normally sells for $260 and has the following manufacturing costs: Per unit Direct materials $ 64 Direct labor 34 Variable manufacturing overhead 44 Fixed manufacturing overhead 103 Unit cost $ 245 Walnut is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Walnut accepts the order, what effect will the order have on the company’s short-term profit?
a. $162,000 decrease
b. $121,500 increase
c. $121,500 decrease
d. Zero.

Answers

Answer:

a. $162,000 decrease

Explanation:

Sales                                                                          $540,000

(2700 unit * $200)

Less:

Direct materials                                  $172,800

(2700 unit * 64)

Direct labor                                         $91,800

(2,700 unit * $34)

Variable manufacturing overhead     $118,800

(2700 unit * $44)

Contribution loss from existing sale  $318,600       $702,000

2700 unit * ($260-$64-$34-$44)

Effect on Net operating income                              -$162,000

Firm M has a margin of 7%, turnover of 2.0, sales of $910,000, and average stockholders' equity of $490,000. Required: Calculate Firm M’s average total assets, net income, return on investment (ROI), and return on equity (ROE

Answers

Answer:

1. Average total asset = $455,000

2. Net income = $63,700

3. Return on investment = 14%

4. Return on equity (ROE) = 13%

Explanation:

These can be calculated as follows:

1. Average total asset

To calculate this, we use the formula for calculating the Asset turnover ratio as follows:

Asset turnover ratio = Sales / Average total asset ……………………………… (1)

Where;

Turnover = asset turnover ratio = 2

Sales = $910,000

Average total asset = ?

Substituting the values into equation (1) and solve for average total asset, we have:

2 = $910,000 / Average total asset

Average total asset = $910,000 / 2

Average total asset = $455,000

2. Net income

To calculate this, we use the formula for calculating net income margin as follows:

Net income margin = Net income / Sales ……………………………………. (2)

Where,

Margin = Net income margin = 7%, or 0.07

Net income = ?

Sales = $910,000

Substituting the values into equation (2) and solve for net income, we have:

7% = Net income / $910,000

Net income = $910,000 * 7%

Net income = $63,700

3. Return on investment

To calculate this, we use the formula for calculating the return on investment as follows:

Return on investment = Net income / Average total assets ……………… (3)

Where;

Net income = $63,700

Average total asset = $455,000

Substituting the values into equation (3), we have:

Return on investment = $63,700 / $455,000

Return on investment = 0.14, or 14%

4. Return on equity (ROE)

To calculate this, we use the formula for calculating the return on equity (ROE) as follows:

Return on equity (ROE) = Net income / Average stockholders' equity…….. (4)

Net income = $63,700

Average stockholders' equity = $490,000

Substituting the values into equation (4), we have:

Return on equity (ROE) = $63,700 / $490,000

Return on equity (ROE) = 0.13, or 13%

Oriole Company purchased equipment for $41600. Sales tax on the purchase was $2496. Other costs incurred were freight charges of $624, repairs of $364 for damage during installation, and installation costs of $696. What is the cost of the equipment

Answers

Answer:

The cost of the equipment is $45,416.

Explanation:

The cost of a newly purchased equipment is the addition of all relevant costs uncured in order to make the equipment ready for use.

The cost of the equipment includes costs such as purchase price, tax paid on the purchase, installation costs, etc.

However, any cost incurred to repair any damage to an equipment during installation is not part of equipment cost. Such repair costs are just ordinary expenses that are charged to the income statement during the period.

Based on the explanation above, the cost of the equipment by Oriole Company can be calculated as follows:

Equipment cost = Purchase price + Sales tax + Freight charges + Installation costs ..................... (1)

Since,

Purchase price = $41,600

Sales tax on the purchase = $2.496.

Freight charges = $624

Installation costs = $696.

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

Equipment cost = $41,600 + $2,496 + $624 + $696 = $45,416

Therefore, the cost of the equipment is $45,416.

An economy begins in long-run equilibrium, and then a change in government regulations makes holding money less attractive. a. (1.5 points) How does this change affect the demand for money

Answers

Answer: Demand Curve shifts left

Explanation:

Money is now less attractive to hold so people will demand less of it. This will cause the demand curve in the monetary market therefore to shift to the left.

Shifts in the demand curve for money are usually caused when a non-interest determinant of demand changes such as a decrease in income.

Idaho Industries Inc. is considering a project that has an initial aftertax outlay or aftertax cost of​ $450,000. The respective future cash inflows from its fiveyear project for years 1 through 5 are​ $95,000 each year. Idaho expects an additional cash flow of​ $60,000 in the fifth year. The firm uses the IRR method and has a hurdle rate of​ 10%. Will Idaho accept the​ project? A. Idaho accepts the project because it has an IRR greater than​ 10%. B. Idaho accepts the project because it has an IRR greater than​ 5%. C. Idaho rejects the project because it has an IRR less than​ 10%. D. There is not enough information to answer this question.

Answers

Answer:

c

Explanation:

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

IRR can be calculated using a financial calculator

Cash flow in year 0 =  $-450,000

Cash flow each year from year 1 to 4 = $95,000

Cash flow in year 5 = $95,000 + $60,000 = $155,000

IRR = 5.62%

Idaho would reject the project because the IRR is less than the hurdle rate

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

A NASDAQ security is bid at $30.25 and offered at $30.75. An over-the-counter trader effects a trade at $30.75 and charges a commission of $.50 to the customer. The price that will show on the tape is:

Answers

Answer:

$30.75

Explanation:

Given that

Security bidding = $30.25

Offered price = $30.75

over the counter trading = $30.75

Commission charged = $0.50

based on the above information, the price that shows on the tape is equivalent to the over the counter trading price i.e $30.75 also it does not include the commission charged i.e $0.50

Hence, the price is $30.75

You own 150 shares of Western Feed Mills stock valued at $41.20 per share. What is the dividend yield if your annual dividend income is $372

Answers

Answer:

6.01%

Explanation:

Calculation for the dividend yield

Using this formula

Dividend yield=(Annual dividend income/Numbers of shares)/Amount per shares

Let plug in the formula

Dividend yield =($372/150 shares)/$41.20 per share

Dividend yield =$2.48/$41.20

Dividend yield =0.0601*100

Dividend yield =6.01%

Therefore Dividend yield will be 6.01%

of a portfolio. The beta of four stocks​G, ​H, I, and Jare ​, ​, ​, and ​, respectively. What is the beta of a portfolio with the following weights in each​ asset: LOADING...​? What is the beta of portfolio​ 1?

Answers

Answer: 1.02

Explanation:

The Portfolio Beta will be the weighted average of the betas of the individual stocks in Portfolio 1.

Portfolio Beta = (weight in G * beta of G) + (weight in H * beta of H) + (weight in I * beta of I) + (weight in J * beta of J)

= (0.25 * 0.45) + ( 0.25 * 0.82) + ( 0.25 * 1.14) + ( 0.25 * 1.66)

= 0.1125 + 0.205 + 0.285 + 0.415

= 1.0175‬

= 1.02

At 17 years old, Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000. However, when Otto turned 20, he wished to disaffirm this contract. Does the law permit this

Answers

Read the fine print, if it says “after signing, this contract is final.” Then Otto is screwed, because he must pay the $50,000

Or, Otto could hire a lawyer to fight it in court

Hope this helped ♥︎

An investor holds a 10 year bond pays a coupon rate of 9%. The yeid to maturity of the bond is 10% . The bond is trading:

Answers

Answer:

the bond is trading at a discount

Explanation:

There is an inverse relationship between the yield and the price of the bond.

As the yield goes up, the price of the bond goes down and as the yield goes down, the price of the bond goes up.

The yield - 10%, is greater than the coupon rate - 9%, the price will be less than the par value, and we say that the bond is trading at a discount.

The offer curve describes Group of answer choices different wage offers a firm will make to workers of different education levels. different wage-and-risk level offers made by different firms. different wage-and-risk levels available to one firm. different risk levels associated with the same wage level.

Answers

Answer: different wage-and-risk level offers made by different firms.

Explanation:

The offer curve show the different wage-and-risk level offers made by different firms.

When firms make different wages and risk level offers, the offer curve can be used to show the comparison and relationship between the offers by the firms that are involved.

TB MC Qu. 8-174 LBC Corporation makes and sells ... LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.0 hours of direct labor at the rate of $16.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The company plans to sell 39,000 units of Product WZ in June. The finished goods inventories on June 1 and June 30 are budgeted to be 610 and 110 units, respectively. Budgeted direct labor costs for June would be:

Answers

Answer:

Direct labor cost= $1,232,000

Explanation:

Giving the following information:

Each unit of Product WZ requires 2 hours of direct labor at a rate of $16 per direct labor-hour.

Sales= 39,000 units

Beginning inventory= 610 units

Desired ending inventory= 110 units

First, we need to calculate the production required:

Production= sales + desired ending inventory - beginning inventory

Production= 39,000 + 110 - 610

Production= 38,500

Now, the direct labor budget:

Direct labor hours= 38,500*2= 77,000 hours

Direct labor cost= 77,000*16= $1,232,000

The Project Evaluation and Review Technique (PERT) was developed as a means of scheduling and controlling projects with constant activity times. Group of answer choices False True

Answers

Answer: False

Explanation:

The Program Evaluation and Review Technique (PERT) is used to know the schedule tasks and also know the critical path variation. It is useful to know the length of time that'll be needed for the completion of every task and how it relates to others in order to know the entire time needed to complete the particular project.

The Project Evaluation and Review Technique (PERT) is not a means of scheduling and controlling projects with constant activity times. The activity time normally varies.

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:
Fixed Cost per Month Cost per Machine-Hour
Direct materials $ 5.40
Direct labor $ 42,400
Supplies $ 0.30
Utilities $ 1,700 $ 0.25
Depreciation $ 15,200
Insurance $ 11,600
For example, utilities should be $1,700 per month plus $0.25 per machine-hour. The company expects to work 4,200 machine-hours in June. Note that the company’s direct labor is a fixed cost.
Required:
Prepare the company's planning budget for manufacturing costs for June.

Answers

Answer:

Total Manufacturing Costs is $95,680

Explanation:

                        Wyckam Manufacturing Inc.

              Planning Budget for Manufacturing costs

                       For the month Ended June 30

Direct Materials      (4,200 hours *$5.40)                    $22,680

Direct Labor                  Fixed                                        $42,400

Supplies                  (4,200 hours * $0.25 )                   $1,050

Utilities                   ($1,700+ 4,200 Hours * $0.25)      $2,750

Depreciation                  Fixed                                        $15,200

Insurance                       Fixed                                        $11,600

Total Manufacturing Costs                                         $95,680

Choose three organizations that you believe have had the greatest impact on the current state of safety and health programs in the United States. Summarize the purpose of each organization, and discuss how you believe you can use these organizations to improve your ability to perform your duties as a safety and health professional.

Answers

The correct answer to this open question is the following.

The three organizations would be OSHA, NIOSH, and NACOSH.

OSHA stands for Occupational Safety and Health Administration. It tries to ensure that the workers labor under the proper safety and health conditions in their workplace.

NIOSH stands for the National Instituto for Occupational Safety and Health. This organization basically is dedicated to researching to know the working conditions of workers in America and make recommendations.

NACOSH stands for the National Advisory Committee on Occupational Safety and Health. It functions as an adviser or counselor to the Department of Labor on safety and security issues.

These three can definitely be used to improve my ability to perform my duties as a safety and health professional in that they include a series of recommendations, programs, and educational tips to be applied in the workplace and diminish the possibility of accidents or how to react in case of one.

A factory costs $400,000. It will produce an inflow after operating costs of $100 000 in year 1. $ 200,000 in year 2, and $ 300,000 in year 3. The opportunity cost of capital is 12%. Calculate NPV.

Answers

Answer:

NPV = $62,258.56

Explanation:

initial outlay year 0 = $400,000

cash inflow year 1 = $100,000

cash inflow year 2 = $200,000

cash inflow year 3 = $300,000

discount rate = 12%

using a financial calculator, NPV = $62,258.56

if you do it by hand:

NPV = -$400,000 + $100,000/1.12 + $200,000/1.12² + $300,000/1.12³ = -$400,000 + $89,285.71 + $159,438.78 + $213,534.07 = $62,258.56

Suppose Real GDP is $700 billion and Natural Real GDP is $620 billion. To eliminate this ________________gap, Keynesian theory indicates that government should ______________________.

Answers

Answer: d. inflationary; decrease government purchases or increase taxes

Explanation:

Suppose Real GDP is $700 billion and Natural Real GDP is $620 billion. To eliminate this inflationary gap, Keynesian theory indicates that government should decrease government purchases or increase taxes.

The Real GDP is greater than the Natural real GDP which is the potential GDP. When that happens the Economy is said to be overheated and producing above its limits as Aggregate Demand is above Aggregate Supply.

To combat this the Government according to Keynes should embark on policy that will reduce economic activity. The Government can use Contractionary Fiscal Policy that will see it reduce its spending and/or increase taxes. Both of these will have the effect of reducing the amount of money in the economy left for both investment and consumption and cause a fall in the Aggregate Demand.

When gasoline gallons are priced in terms of number of seashells, seashells serve as: Group of answer choices

Answers

Answer:

Unit of account

Explanation:

Money serves three functions :

1. Unit of account : money serves the function of determining the value of a good or service. It is usually assumed that goods that are more highly priced are more valuable that goods that have lower prices

2. Medium of exchange : goods and services can be exchanged for money. For example, if I want to buy a gallon of gasoline and pay 4 seashells, money has served as a medium of exchange.

3. store of value: money can be saved, retrieved and exchanged sometimes in the future

Balance sheet. Use the data from the following financial statements in the popup​ window. Complete the balance sheet. Hint: Find the accumulated depreciation for 2014 first. The accumulated depreciation for 2014 is:
Data Table
Partial Income Statement Year Ending 2014 
Sales revenue $350,100
Cost of goods sold $142,000
Fixed costs $43,100
Selling, general, and
administrative expenses $28,200
Depreciation $46,000
Partial Balance Sheet 12/31/2013
ASSETS LIABILITIES
Cash $16,100 Notes payable $14,100
Accounts receivable $28,000 Accounts payable $18,800
Inventories $47,800 Long-term debt $190,100
Fixed assets $368,000 OWNERS' EQUITY
Accumulated
depreciation (-) $140,400 Retained earnings
Intangible assets $81,900 Common stock $131,800
Partial Balance Sheet 12/31/2014
ASSETS LIABILITIES
Cash $26,000 Notes payable $11,800
Accounts receivable $19,100 Accounts payable $23,900
Inventories $53,100 Long-term debt $162,100
Fixed assets $448,100 OWNERS' EQUITY
Accumulated depreciation (-) Retained earnings
Intangible assets $81,900 Common stock $182,000

 ​

Answers

Answer:

57

Explanation:

im rich

Menlo Company distributes a single product. The company’s sales and expenses for last month follow:

Total Per unit
Sales $314,000 $20
Variable expenses 219,800 14
Contribution margin 94,200 6
Fixed expenses 75,000
Net operating income 19,200

Required:
a. What is the monthly break-even point in unit sales and in dollar sales?
b. Without resorting to computations, what is the total contribution margin at the break-even point?
c. How many units would have to be sold each month to attain a target profit of S27,600?
d. Verify your answer by preparing a contribution format income statement at the target sales level.
e. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms.
f. What is the company's CM ratio? If sales increase by $76,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?

Answers

Answer:

a) 12,500 units

b) $75,000

c) 17,100 units

d) total sales revenue $342,000

- variable costs = -$239,400

contribution margin = $102,600

- fixed expenses = $75,000

net income = $27,600

e) 20.38%

f.1) 30%

f.2) $22,800

Explanation:

                                                       Total          Per unit

Sales                                            $314,000        $20

Variable expenses                     $219,800         $14

Contribution margin                    $94,200          $6

Fixed expenses                           $75,000

Net operating income                 $19,200

break even point = fixed costs / contribution margin = $75,000 / $6 = 12,500 units

units needed to yield expected profits = (fixed costs + expected profits) / contribution margin = ($75,000 + $27,600) / $6 = 17,100 units

margin of safety = (current sales - break even point) / current sales = ($314,000 - $250,000) / $314,000 = 20.38%

contribution margin ratio = (total revenue - variable costs) / total revenue = ($314,000 - $219,800) / $314,000 = 30%

$76,000 x 30% = $22,800

The monthly break-even point in unit sales is 12,500 units. The total contribution margin at the break-even point is $75,000.

c) 17,100 units would have to be sold each month to attain a target profit of S27,600.

d) total sales revenue of $342,000

- variable costs = -$239,400

contribution margin = $102,600

- fixed expenses = $75,000

net income = $27,600

e) The company's margin of safety in percentage terms is 20.38%.

f.1) The company's CM ratio is 30%.

f.2) The  Expected monthly net operating income to increase by $22,800.

The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in manufacturing when the income from a product matches the cost of manufacturing.

A formula known as net operating income (NOI) is used to assess the profitability of real estate assets that produce revenue. NOI is the sum of all property revenues less all running costs that are deemed to be reasonably reasonable.

On a property's income and cash flow statement, NOI is a before-tax statistic that does not include loan principal and interest payments, capital expenses, depreciation, or amortization. In other sectors, this term is known as "EBIT," which stands for "earnings before interest and taxes."

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Based on your case knowledge, to what extent do you agree or disagree with the following statement - "Kay Whitmore - Kodak CEO, had an understanding of Kodak's potential in the PC market. This was illustrated by her strong engagement with Bill Gates and Microsoft."
1. Strongly Agree
2. Mildly Agree
3. Neither Agree nor Disagree
4. MIldly Disagree
5. Strongly Disagree
6. Not Applicable

Answers

Answer:

3. Neither Agree nor Disagree

Explanation:

The reason was that the Kay Whitmore's engagement with Bill Gates and Microsoft has not much impacts on the potential of Kodak's products to exploit additional opportunities in Microsoft hence statement in consideration is not a one side argument as it is doubtful position.

So I am neither agreeing nor disagreeing with the statement hence the option 3 is correct here.

A retail operation has an average gross margin of 35%. If the average monthly sales for the store is $200,000.00, what is the cost of goods sold?

Answers

Answer:

COGS= $130,000

Explanation:

Giving the following information:

A retail operation has an average gross margin of 35%.

Sales= $200,000.00

To calculate the cost of goods sold, we need to use the following formula:

Gross margin= sales - COGS

COGS= sales - gross margin

COGS= 200,000 - (200,000*0.35)

COGS= $130,000

"Which of the following are covered under the Securities Exchange Act of 1934? I Registration of new issues II Stabilization of new issues III Registration of exchanges IV Registration of broker/dealers"

Answers

Answer: II. stabilization of new issues

III. registration of exchanges

IV. registration of broker-dealers

Explanation:

The Securities Exchange Act of 1934 was put in place in order to be in charge of security trading.

From the options, those that are covered under the Securities Exchange Act of 1934 include the stabilization of new issues, the registration of exchanges and the registration of broker/dealers.

It should be noted that the Securities Exchange Act of 1934 does not cover the registration of new issues.

Analyze the following scenarios to determine who can appropriately access health information.

1. Mrs. John Smith is requesting the emergency room records from last week of her daughter, Katy. Mrs. Smith is the noncustodial parent of Katy, who lives with her dad. Should you release the records to her? Why or why not?
2. Mr. Fred Mitchell is requesting the birth record for Amy, his birth daughter. Mr. and Mrs. Mitchell gave Amy up for adoption four years ago. Should you release the records to him? Why or why not?
3. Mrs. Lynn Olsen is requesting the lab results of her husband, Tim. She has a note. signed by him, giving his permission for her to have the records. Should you release the records to her? Why or Why not?
4. An investigator from the Health and Human Services department is conducting an audit of patient records and has provided a list of records that they want to review. Should you release the information to the investigator? Why or why not?
5. Dr. Rex Harrisson is requesting the medical records of Martha Flynn. He states he is a family friend and has been asked by Mrs. Flynn's son to review her last inpatient admission for appropriateness of care. Should you release the records to Dr. Harrison? Why or why not?

Answers

Answer:

4. because they are government officials

4. You should  release the information to the investigator from the Health and Human Services department because they are government officials.

What is Human Services department ?

A Department of Human Services (DHS) or Ministry of Human Services (MHS) is a national or subnational umbrella agency in charge of delivering public assistance programmes to the people they serve. Social security, social affairs, human resources, and welfare are some of the various aspects or alternate names.

Human Service with Multiple Purposes Organizations encourage volunteerism and offer a variety of direct services in the communities they serve, across the country, and around the world. Among these organisations are YMCAs, YWCAs, and the Red Cross, among others.

Answer to questions :

1. Mrs. Smith cannot get the records because non-custodials parent have no right to get any medicalrecord. She can only visit.

2. The Original Birth certificate will be Sealed and no longer available once the child is been adopted

3. No, even though her husband has signed a note, the lab results should not be released.

4. You should  release the information to the investigator.

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A stock had returns of 17.88 percent, −5.16 percent, and 20.39 percent for the past three years. What is the variance of the returns?

Answers

Answer:

Variance of the return = 0.01983

Explanation:

[tex]S^{2}[/tex]= Σ[tex](X-X)^{2}[/tex]/ N - 1

Mean return = 17.88% + -5.16% + 20.39% = 11.0367%  

Variance = [(17.88% - 11.0367%)2 + (-5.16% - 11.0367%)2 + (20.39% - 11.0367%)2] /(3 - 1)

Variance = [0.004683 + 0.026233 + 0.008748]/2

Variance = 0.01983

TB MC Qu. 6-62 Gayne Corporation's contribution margin ratio is ... Gayne Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $51,000. If the company's sales for a month are $313,000, what is the best estimate of the company's net operating income

Answers

Answer:

$5,340

Explanation:

Gayne's corporation contribution margin ratio is 18%

= 18/100

= 0.18

The fixed monthly expenses is $51,000

The company sales for the month is $313,000

Therefore, the net operating income can be calculated as follows

= (Contribution margin ratio×sales)-fixed expenses

= (0.18× $313,000)- $51,000

= $56,340-$51,000

= $5,340

Hence the best estimate of the company's net operating income is $5,340

The internal rate of return method is used to analyze a $831,500 capital investment proposal with annual net cash flows of $250,000 for each of the six years of its useful life. a. Determine a present value factor for an annuity of $1, which can be used in determining the internal rate of return. Carry your answer out to three decimal places.

Answers

Answer:

annuity factor for 20% and 6 periods = 3.326

Explanation:

the IRR represents the discount rate at which a project's NPV = 0

NPV = initial outlay + PV of future cash flows

NPV = 0

initial outlay = -$831,500

PV of future cash flows = $831,500 = cash flow x annuity factor

annuity factor = $831,500 / $250,000 = 3.326

using an annuity table and looking for the annuity factors for 6 periods, we find that the annuity factor for 20% and 6 periods = 3.326.

So our IRR = 20%

A market situation in which a large number of firms produce similar but not identical products is called

Answers

Answer:

A market situation in which a large number of firms produce similar but not identical products is called perfectly competitive.

Explanation:

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