Answer:
13%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = $-74,361.78
Cash flow in year 1 - 4 = 25,000
IRR = 13%
Bethany Jones is a real estate agent who specializes in the luxury home market in the Orlando, FL, area. Bethany is highly technical and uses many types of online marketing techniques to increase business. One of most successful online marketing techniques is to place a rectangular graphic display along the top of real estate websites and luxury custom furniture websites. What type of marketing technique is Bethany using
Answer:
a Banner Ad
Explanation:
The type of marketing technique that Bethany is using is known as a Banner Ad. This is one of many types of ads that can be found on websites. Banner Ads are usually located at the top of the website and are shaped as long rectangles. They are also the most popular type of website ads since they are the biggest and most upfront, meaning that it is usually the first thing that visitors to the site see. This ultimately leads to the largest possible number of viewers of the ads, which in term translates to a high click through rate.
According to the authors, price controls on water, designed to ensure that lower income people can afford water, have resulted in
Answer: a. a reduced supply of usable water
Explanation:
I am unsure as to the text being referred to but this should be the correct answer.
The market allocates resources efficiently based on price. This means that it sets the price such that people who can afford the goods are able to buy them. This ensures that not everybody gets the good and the good can be sustainably used.
If the government imposes price controls on a good as they did here. The market would be unable to efficiently allocate the water so more people than before would be able to access it. This would lead to the supply being used up so there will be a reduced supply of the good which in this case is water.
On Jan 1 2020, Ethan Corporation issued 12% bonds with a face value of $4,000,000. These bonds mature in ten years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $4,498,490 to yield 10%. Ethan uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2020
Answer:
Ethan Corporation
Using the effective-interest method of amortization, the amount of interest expense that should be reported for 2020 is:
= $449,096
Explanation:
a) Data and Calculations:
Face value of bonds issued = $4,000,000
Issue price of the bonds = 4,498,490
Premium on the bonds = $498,490 ($4,498,490 - $4,000,000)
Coupon interest rate = 12%
Effective interest rate = 10%
Interest payments = June 30 and December 31
June 30:
Cash payment for bond interest = $240,000 ($4,000,000 * 6%)
Interest expense = 224,925 ($4,498,490 * 5%)
Amortization of bond premium = $15,075 ($240,000 - $224,925)
Bonds value = $4,483,415 ($4,498,490 - $15,075)
December 31:
Cash payment for bond interest = $240,000 ($4,000,000 * 6%)
Interest expense = 224,171 ($4,483,415 * 5%)
Amortization of bond premium = $15,829 ($240,000 - $224,171)
Bonds value = $4,467,586 ($4,483,415 - $15,829)
Interest expense for 2020 = $449,096 ($224,925 + $224,171)
Tracey Sales Co. has predicted the following costs for this year for 500,000 units: Manufacturing Selling and Administrative Variable $ 800,000 $250,000 Fixed 1,200,000 300,000 Total $2,000,000 $550,000 What is the markup on variable manufacturing costs needed to break even
Answer: 218.75%
Explanation:
In order to breakeven, the variable manufacturing cost would have to be the same as the fixed costs in addition to the administrative costs.
= Fixed costs + Administrative cost
= 1,200,000 + 550,000
= $1,750,000
Variable cost needs to be $1,750,000
It is currently at $800,000 so it needs to increase by:
= 1,750,000 / 800,000 * 100%
= 218.75%
The specific actions to be taken in implementing a strategy.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
In general terms, the specific actions to be taken in implementing a strategy are the following.
First of all, the manager has to clearly define the strategic plan and its content.
Then, define the general goal, and specific goals. It is highly recommended to use the SMART formula. Goals have to be specific, measurable, attainable, realistic, and time-bound.
Then, define the Key Performing Indicators or KPI's. These will serve to define the results the company expects to accomplish with the plan.
Create a series of programs and specific actions to reach the goals.
Then, to implement the tactics or specific programs.
Monitoring the programs and then evaluate the results to provide feedback.
Barraza Corporation uses a weighted-average process costing system. Barraza has two direct materials. One of these materials is added at the beginning of the production process. The other material is added when processing is 50% complete. When will the equivalent units of production for these two materials be equal?
A. when processing on beginning work in process is less than 50% complete at the start of the period.B. when processing on beginning work in process is more than 50% complete at the start of the period.C. when processing on ending work in process is over 50% complete.D. when processing on ending work in process is less than 50% complete.
Answer:
Barraza Corporation
The equivalent units of production for these two materials will be equal when:
C. when processing on ending work in process is over 50% complete.
Explanation:
The reason for this option is that one of the two materials is added at the beginning of the production process, and the other is added when processing has reached 50% completion. Therefore, their equivalent units will become equal when processing on ending work in process is over 50% complete. By that time, 100% of each material would have been added.
University Car Wash built a deluxe car wash across the street from campus. The new machines cost $270,000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year Hours Used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 2. Prepare a depreciation schedule for six years using the double-declining-balance method.
Answer:
Year Depreciation expenses
1 $90,000
2 $60,000
3 $40,000
4 $26,667
5 $17,778
6 $11,556
Explanation:
Note: See the attached excel file for the depreciation schedule for six years using the double-declining-balance method.
The double-declining-balance method is a depreciation approach in which the rate of depreciation for an asset is twice the rate of depreciation for the straight line method.
In the attached excel, the double-declining-balance depreciation rate is therefore calculated as follows:
Straight line depreciation rate = 1 / Number of expected useful years = 1 / 6 = 0.166666666666667 = 16.6666666666667%
Double-declining depreciation rate = Straight line depreciation rate * 2 = 16.6666666666667% *2 = 33.3333333333334%
Also note the following in the attached excel file:
Beginning depreciable amount in Year 1 = Cost of the new machine = $270,000
The depreciation expenses for Year 6 is calculated by deducting the residual value of $24,000 from Year 6 Beginning depreciable amount. That is:
Depreciation expenses for Year 6 = $35,556 - $24,000 = $11,556
The residual value of $24,000 therefore represents the book value at the end of Year 6.
From the attached excel file, we therefore have:
Year Depreciation expenses
1 $90,000
2 $60,000
3 $40,000
4 $26,667
5 $17,778
6 $11,556
Dan purchases a 1000 par value 10-year bond with 9% semiannual couponsfor 925. He is able to reinvest his coupon payments at a nominal rate of 7%convertible semiannually.Calculate his nom
Answer:
9.2%
Explanation:
Missing word "Calculate his nominal annual yield rate convertible semiannually over the ten-year period"
Semi annual coupon payments = 9% / 2 = 4.5%
Par value = 4.5% * 1,000 = $45
interest rate per period = r = 7% / 2 = 3.5%
Number of periods, n = 2 x 10 = 20
FV of all the coupons reinvested = 45 / r * [(1 + r)^n - 1]
FV of all the coupons reinvested = 45 / 3.5% * [(1 + 3.5%)^20 - 1]
FV of all the coupons reinvested = $1,272.59
Receipt of par value at the end of the 10 years = par value = 1,000
Total accumulated value at the end of 10 years = $1,272.59 + 1,000
Total accumulated value at the end of 10 years = $2,272.59
Invested amount = $925
i = nominal interest convertible semi annually.
$925 * (1 + i / 2)^n = 2,272.59
925 * (1 + i / 2)^20 = 2,272.59
i = 2 * [(2,272.59 / 925)^1/20 - 1]
I = 9.19%
I = 9.2%
So, his nominal annual yield rate convertible semiannually over the ten-year period is 9.2%
Which of the following accurately describes the correlation between task interdependence and team performance?
a. It is weak and positive.
b. It is moderate and negative.
c. It is strong and negative.
d. It is moderate and positive.
e. It is weak and negative.
Answer: it is moderate and positive.
Explanation:
Task interdependence has to do with the degree to which there's an interaction and reliance on the team members which is vital in the accomplishment of the goals of the organization.
The correlation between task interdependence and the team performance is that it is moderate and positive. Therefore, the correct option is D.
The North Division of XYZ Corporation had average operating assets of $1,110,000 and net operating income of $295,200 in January. The company uses residual income to evaluate the performance of its divisions, with a minimum required rate of return of 20%.
Required:
What was the North Division's residual income in January?
Answer:
$73,200
Explanation:
From the above details, we know that;
Residual income =
[Net operating income - (Average operating assets × minimum rate of return)]
= [$295,200 - ($1,110,000 × 20%)]
= [$295,200 - $222,000]
= $73,200
Therefore, the North division's residual income in January is $73,200
Retained earnings, December 31, 2012 $ 306,800 Cost of equipment purchased during 2013 29,000 Net loss for the year ended December 31, 2013 4,000 Dividends declared and paid in 2013 14,300 Decrease in cash balance from January 1, 2013, to December 31, 2013 11,100 Decrease in long-term debt in 2013 14,000 Required: From the above data, calculate the retained earnings balance as of December 31, 2013. (Negative amounts should be indicated by a minus sign.)
Answer:
$288,500
Explanation:
Particulars Amount
Retained Earnings Dec 31, 2012 $306,800
Less: Net Loss for the Year $4,000
Less: Dividend declared and paid in 2013 $14,300
Retained Earnings Dec 31, 2013 $288,500
Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. The new toy will sell for $3.30 per unit. Enough capacity exists in the company’s plant to produce 30,200 units of the toy each month. Variable expenses to manufacture and sell one unit would be $2.08, and fixed expenses associated with the toy would total $54,766 per month. The company's Marketing Department predicts that demand for the new toy will exceed the 30,200 units that the company is able to produce. Additional manufacturing space can be rented from another company at a fixed expense of $2,738 per month. Variable expenses in the rented facility would total $2.31 per unit, due to somewhat less efficient operations than in the main plant.
Required:
1. What is the monthly break-even point for the new toy in unit sales and dollar sales?
2. How many units must be sold each month to attain a target profit of $12,474 per month?
3. If the sales manager receives a bonus of 20 cents for each unit sold in excess of the break-even point, how many units must be sold each month to attain a target profit that equals a 29% return on the monthly investment in fixed expenses?
Answer:
1) Break-even point in unit sales: 51,680 units
Break-even point in dollar sales: $144,704
2) The units that must be sold each month to attain a target profit of $12,474 per month are:
= 63,669 units
3) The units that must be sold each month to attain a target profit that equals a 29% return on the monthly investment in fixed expenses are:
= 108,574 units
Explanation:
1. On the first 30,200 units
Sales price $3.30
Variable expenses $2.08
Contribution margin $1.22
Above 30,200 units
Sales price $3.30
Variable expenses $2.31
Contribution margin $0.99
Fixed cost for initial 30,200 units = $54,766
Less: Contribution Margin (30,200 units * $1.22) + $36,844
Remaining uncovered cost = $17,922 ($54,766 - $36,844)
Monthly rental for additional space = $2,738
Total fixed costs covered by remaining sales = $20,660 ($17,922 + $2,738)
Required units = $20,660 / 0.99 = 20,869 units
Breakeven units = 30,200 + 20,869= 51,069 units
51,069 * $3.3 = $168,528
2)
Working: $12,474 / 0.99 = 12,600 units
Thus total units = 51,069 + 12,600 = 63,669
3)
Working: Desired monthly expenses: $54,766 + $2,738 = 57,504
57,504 * 20% = 11,501
Unit contribution margin: 0.99 - 0.20 = 0.79
Contribution margin = Target profit / Unit contribution margin = 11,501 / 0.20 = 57,505 units
51,069 units + 57,505 units = 108,574 units
Assume a market for a normal good is currently in equilibrium. If the government increases the taxes that firms must pay, then:
Answer:
The supply will decrease.
Explanation:
The supply will decrease because the application of taxes will make selling costly. Thus, when cost increases then producers supply less. Therefore, less quantity will be supplied in the market when tax is imposed and this will increase the prices of products.
The risk-free rate of return is currently 3 percent, whereas the market risk premium is 6 percent. If the beta of Lenz, Inc., stock is 1.8, then what is the expected return on Lenz
Answer:
I don't really understand the question
Explanation:
I don't know
but I will check out it later
If a firm has sales of $100, total expenses (including interest and taxes) of $50, has a stock that is selling at $50 per share and has 10 shares of stock outstanding, then the firm has a P/E ratio of:
Answer: 10
Explanation:
P/E Ratio = Price per share/Earnings per share
Earnings per share:
= (Sales - expenses) / number of shares outstanding
= (100 - 50) / 10
= $5.00
P/E Ratio is therefore:
= 50 / 5
= 10
B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The company expects future returns and allowances equal to 5% of sales and 5% cost of sales. The year-end adjusting entry to record the cost side of sales returns and allowances is:
Answer: See explanation
Explanation:
The year-end adjusting entry to record the cost side of sales returns and allowances will be:
Dr Inventory Return estimated $3200
Cr Cost of goods sold $3200
(To record expected coat of returns)
Note that the above calculation was done as:
= $64,000 × 5%
= $64,000 × 0.05
= $3200
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
Estimated machine-hours 72,900
Estimated variable manufacturing overhead $ 3.50 per machine-hour
Estimated total fixed manufacturing overhead 838,710
The predetermined overhead rate for the recently completed year was closest to:________.
A. $6.66 per machine-hour
B. $10.50 per machine-hour
C. $8.69 per machine-hour
D. $15.00 per machine-hour
Answer:
D. $15.00 per machine hour
Explanation:
The computation of the predetermined overhead rate for the recently completed year is seen below;
First, we will calculate the fixed overhead rate.
Fixed overhead rate = Estimated total fixed manufacturing overhead / Estimated machine - hours
Fixed overhead rate = $838,710 / 72,900
Fixed overhead rate = $11.50
Then,
Predetermined overhead rate = Fixed overhead rate + Variable overhead rate
Predetermined overhead rate = $11.50 + $3.50
Predetermined overhead rate for the recently completed year was closest to $15.00 per machine hour
Current market trends and consumer preferences across the globe
Answer:
Consumers Will Abandon Brands That Don’t Support Their Values In Favor Of Those That Do. How To Meet Reimagined Consumers Where They Are, Building New Loyalty & Revenue Streams. Strategy. Consumer Values. 25K Consumers Surveyed. 14 Industries.
I HOPE THIS HELPS PLS BRAINLIST?
Rick Co. had 36 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $56 per share. In recording this transaction, Rick would:
Answer:
Debit retained earnings for $20,160,000
Explanation:
Calculation to determine what Rick would record
First step
Shares to be distributed = .01 × 36 million
Shares to be distributed= 360,000 shares
Now let determine the Retained earnings
Retained earnings: Market value of shares = 360,000 × $56
Retained earnings: Market value of shares= $20,160,000
Therefore In recording this transaction, Rick would:Debit retained earnings for $20,160,000
Highest and best use would best be defined as:
Answer:
The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.
Explanation:
In activity-based costing, unit product costs computed for external financial reports include: Multiple Choice direct materials, direct labor, and manufacturing overhead. direct materials and direct labor. direct labor and manufacturing overhead. direct materials and manufacturing overhead.
Answer: direct materials, direct labor, and manufacturing overhead.
Explanation:
When it comes to the costs that are apportioned to a product as its cost, activity-based costing believes that this include both the direct and indirect costs of production.
The direct costs would include the materials and the labor directly involved in the product's production as well as the indirect manufacturing overhead with the logic being that even though manufacturing overheads do not directly impact the production of the good, production would not be able to happen without them.
In most situations, asset values do not equal the amount of money that could be realized if the assets were sold.
a. True
b. False
Answer:
True
Explanation:
The answer to this question is true. The recording of assets is usually done at cost. This is equivalent to the value that was exchanged when the asset was sold. In a country like the United States for example, if an asset such as a land or machine gets to appreciate in value after a period of time, it is not usually revalued. Therefore the answer to this question is true.
The Best Company is reviewing two options for replacing a piece of machinery. The first machine costs $100,230 and has a four-year life. The second machine costs $155,000 and has a six-year life. Neither machine will have a salvage value. The machines will be replaced at the end of their life. What method should be used to determine which machine to purchase?
Answer:
Equivalent annual cost method
Explanation:
Equivalent annual cost method is a method used to choose between two projects with an unequal life span
The decision rule is to choose the product with the higher Equivalent annual cost
Equivalent annual cost method is better for making this decision because if net present value is used, the project with the higher useful life would be chosen. this does not mean it is more profitable
One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0.20 in short-term gains and $1.04 in long-term gains. The current offering price is $41.80. The fund has a front-end load of 5 percent and total annual operating expenses of 1.25 percent. What is your rate of return on this investment?
a. 7.48 percent
b. 9.91 percent
c. 2.87 percent
d. 3.54 percent
e. 6.06 percent
Answer:
a. 7.48%
Explanation:
Number of shares = $ 6,000 / $ 38.10
Number of shares = 157.48
Rate of return = [Number of shares * (Short term gans + Long term gains + ((1 - Front end load) * (Current offering price)) - Purchase price] / Purchase price
Rate of return = [157.48 * ($0.20 + $1.04 + ((1 - 0.05 ) * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($0.20 + $1.04 + (0.95 * $41.80)) - $6,000] / $6,000
Rate of return = [157.48 * ($1.24 + $39.71) - $6,000] / $6,000
Rate of return = $448.806 / $6,000
Rate of return = 0.074801
Rate of return = 7.48%
Why is developing a reputation as a subject matter expert important for a leader if leadership deals so heavily with interpersonal skills
Answer:
Reputation is very important for a leader. If a leader has god interpersonal skills but lacks in good reputation people might hesitate to associate with him and support his activities.
Explanation:
Reputation is most valuable asset for any leader. A leader may have good knowledge of everything, he may have good interpersonal skills but reputation overcomes all of these qualities. Strong reputation of a leader will make it easy for him to earn popularity and respect among people. Reputation is the main quality which leads to success to a leader.
employees benfit and service
Explanation:
Medicare and social security contributions. ...
Worker's compensation insurance. ...
Minimum wage and overtime pay. ...
Health insurance. ...
Medical and family leave. ...
Disability insurance. ...
Wellness programs. ...
Commuter benefits.
Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive videos on the application of the software. It offers distribution allowances to resellers for putting up special counter displays of its exclusive range of products. It aims to accelerate the sales of its newly launched product through these measures. In this scenario, Venus Inc. is employing a ________.
Answer: push marketing strategy
Explanation:
A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.
In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.
Ayayai Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold.
Date Explanation Units Unit Cost Total Cost
May 1 Inventory 32 $8 $256
15 Purchase 25 9 225
24 Purchase 41 10 410
Total 98 $891
Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost $____
Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)
FIFO LIFO Average Cost
$____ $____ $_______
Answer:
a. Weighted-average unit cost = $9.092
b. We have:
Ending inventory at May 31 using the FIFO method = $290
Ending inventory at May 31 using the LIFO method = $232
Ending inventory at May 31 using the average-cost method = $264
Explanation:
a. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost = Total Cost of units of inventory available for sale / Total units of units of inventory available for sale = $891 / 98 = $9.092
b. Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)
Ending inventory in units = Total units of units of inventory available for sale – Units sold = 98 - 69 = 29
Therefore, we have:
Ending inventory at May 31 using the FIFO method = Ending inventory in units * Unit cost of purchases on May 24 = 29 * $10 = $290
Ending inventory at May 31 using the LIFO method = Ending inventory in units * Unit cost of inventory on May 1 = 29 * $8 = $232
Ending inventory at May 31 using the average-cost method = Ending inventory in units * Weighted-average unit cost = 29 * $9.092 = $264
g In the global stage of a firm's globalization, ________. A. the need for training is high B. training is focused on local culture and interpersonal skills C. the need for training is virtually nonexistent D. host-country nationals are trained to understand parent-country products and policies
Answer:
D
Explanation:
The global stage represents the understanding of the products and policies mainly to evaluate the best possible alternative for manufacturing in the home or host country. It emphasizes evaluating the most beneficial strategy to produce goods, whether domestic or global produced.
Unexpected low inflation helps whom: Group of answer choices debtors students workers creditors capitalists
Answer:
creditors
Explanation:
Inflation is a persistent rise in the general price levels
Types of inflation
1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
Costs of inflation
Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.
Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.
When inflation is low, creditors benefit because they lend in nominal terms. Thus, loss in the amount borrowed is minimal
