You are bullish on Telecom stock. The current market price is $62 per share, and you have $6,200 of your own to invest. You borrow an additional $6,200 from your broker at an interest rate of 7.6% per year and invest $12,400 in the stock. a. What will be your rate of return if the price of Telecom stock goes up by 9% during the next year? (Ignore the expected dividend.) (Round your answer to 2 decimal places.)

Answers

Answer 1

Answer:

Telecom Stock

If the price of the Telecom stock goes up by 9% during the next year, your rate of return will be:

= 10.4%

Explanation:

a) Data and Calculations:

Current market price = $62 per share

Investment in stock = $12,400

Margin account =        $6,200

Loan =                         $6,200 ($12,400 - $6,200)

Units of stock bought on margin = 200 ($12,400/$62)

Margin account interest rate = 7.6%

Growth rate of stock price = 9%

Expected market price of the stock = $67.58 ($62 * 1.09)

Expected value of stock = $13,516 (200 * $67.58)

Interest on loan =                  $471.20 ($6,200 * 7.6%)

Principal & loan amount  $12,400

Return on the stock =          $644.80

Rate of return = 10.4% ($644.80/$6,200 * 100)


Related Questions

kilala moba ako filipino ako panget mo ​

Answers

Answer:

Mas pangít ka

Mas pangít ka sa daga

Kamuka mo si babalu

Answer:

jupiter mars sun

Explanation:

its in space

In 2008, 1 Swiss franc cost .56 British pounds and in 2010 it cost .51 British pounds in 2010. How much would 1 British pound purchase in Swiss francs in 2008 and 2010

Answers

Answer:

1.78 Swiss franc

1.96 Swiss franc

Explanation:

Below is the calculation:

In the year 2008, 1 Swiss franc cost = 0.56 British pounds

In the year 2010, 1 Swiss franc cost = 0.51 British pounds

Now calculate the Swiss frac purchase by 1 bristish pound.

In the year 2008,  1 British pound will purchase = 1 / 0.56 = 1.78 Swiss franc

In the  year 2010,  1 British pound will purchase = 1 / 0.51 = 1.96 Swiss franc

On January 1, Year 1, Michael sold a property with a remaining useful life of 20 years to Wei Co. for $800,000. On the same date, Michael leased back the property from Wei for 18 years. The lease was properly classified by Michael as a finance lease. Michael is not sure how to recognize the $800,000 received from Wei Co. on January 1, Year 1.

Required:
Which section of the Accounting Standards Codification best helps Michael Co. determine how the initial proceeds of $800,000 received from Wei Co. (buyer-lessor) are recognized?

Answers

Answer:

The section of the Accounting Standards Codification that best helps Michael Co. to determine how the initial proceeds of $800,000 received from Wei Co. (buyer-lessor) are recognized is:

ASC 606.

Explanation:

This section that will help Michael Co. to determine if the transaction qualifies as a sale, which is treated under ASC 606, Revenues from Contracts with Customers.  Thereafter, the lease classification criteria in ASC 842 are evaluated.  After the evaluation, if none of the criteria from ASC 842 are met to account for the lease as a finance or capital lease, the seller-lessee would classify the lease as an operating lease.  This implies that the transaction qualifies as a sale and leaseback transaction.

Turner Enterprises is analyzing a project that is expected to have annual cash flows of $77,400, $21,300 and -$6,200 for Years 1 to 3, respectively. The initial cash outlay is $84,900 and the discount rate is 11 percent. What is the modified IRR

Answers

Answer:

8.26%

Explanation:

Calculation to determine the modified IRR

First step is to calculate the Modified Year 2 cash flow

Modified Year 2 cash flow = $21,300 + (-$6,200)/1.11

Modified Year 2 cash flow= $15,714.41

Now let determine the Modified IRR

Modified IRR:$0 = -$84,900 + $77,400/(1 + IRR) + $15,714.41/(1+ IRR)^2

Modified IRR= 8.26%

Therefore the modified IRR is 8.26%

Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations

May
1 G. Gram invested $40,000 cash in the company.
1 The company rented a furnished office and paid $2,200 cash for May’s rent.
3 The company purchased $1,890 of office equipment on credit.
5 The company paid $750 cash for this month’s cleaning services.
8 The company provided consulting services for a client and immediately collected $5,400 cash.
12 The company provided $2,500 of consulting services for a client on credit.
15 The company paid $750 cash for an assistant’s salary for the first half of this month.
20 The company received $2,500 cash payment for the services provided on May 12.
22 The company provided $3,200 of consulting services on credit.
25 The company received $3,200 cash payment for the services provided on May 22.
26 The company paid $1,890 cash for the office equipment purchased on May 3.
27 The company purchased $80 of advertising in this month’s (May) local paper on credit; cash payment is due June 1.
28 The company paid $750 cash for an assistant’s salary for the second half of this month.
30 The company paid $300 cash for this month’s telephone bill.
30 The company paid $280 cash for this month’s utilities.
31 G. Gram withdrew $1,400 cash from the company for personal use.

Required
a. Show effects of the transactions on the accounts of the accounting equation by recording increases and decreases in the appropriate columns.
b. Prepare an income statement for May, a statement of owner’s equity for May, a May 31 balance sheet, and a statement of cash flows for May.

Answers

Answer:

1. Asset and capital will increase

2. Current asset decrease

3. Asset and liability increase

4. Asset decrease

5. Asset increase

6. Asset increase

7. Asset decrease, expense increase

8. Asset increase

9. Asset increase

10. Asset decrease, liability decrease

11. Liability increased

12. Asset decrease

13. Asset decrease

14. Capital decrease

Explanation:

Income Statement for the month of May:

Sales Revenue $11,100

Less: Operating Expenses:

Cleaning service $750

Salary expense $750

Advertising expense $80

Salaries expense $750

Telephone bill $300

Utilities expense $280

Net Profit $8,190

The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31, $11,310. 2. July bank service charge not recorded by the depositor $65. 3. Cash balance per books, July 31, $11,440. 4. Deposits in transit, July 31, $4,615. 5. $2,600 collected for Cullumber Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Cullumber Company. 6. Outstanding checks, July 31, $1,950. (a) Prepare a bank reconciliation at July 31, 2022.

Answers

Answer:

See below

Explanation:

Cullumber Company

Bank Reconciliation

July 31, 2022

Cash balance as per bank

$11,310

Add:

Deposits in transit

$4,615

Less:

Outstanding checks

($1,950)

Adjusted bank balance

$13,975

Cash balance per books

$11,440

Add:

Electronic fund transfer received

$2,600

Less:

Bank service charges

($65)

Adjusted cash balance

$13,975

Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials $ 79,000 Direct labor $ 40,000 Variable manufacturing overhead $ 19,000 Fixed manufacturing overhead 31,000 Total manufacturing overhead $ 50,000 Variable selling expense $ 14,000 Fixed selling expense 22,000 Total selling expense $ 36,000 Variable administrative expense $ 5,000 Fixed administrative expense 27,000 Total administrative expense $ 32,000 Required: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost

Answers

Answer:

Total product cost= $169,000

Explanation:

The product cost is calculated using the direct material, direct labor, and manufacturing overhead:

Direct materials $ 79,000

Direct labor $ 40,000

Variable manufacturing overhead $ 19,000

Fixed manufacturing overhead 31,000

Total product cost= $169,000

Suppose the annual inflation rate in the US is expected to be 2.5 %, while it is expected to be 18.00 % in Mexico. The current spot rate (on 1/1/X0) for the Mexican Peso (MXN) is $0.1000. If the spot rate of MXN turns out to be $0.085 on 1/1/X1, the net cash flow of a US importer from Mexico will: Group of answer choices Increase Decrease

Answers

Answer:

Increase

Explanation:

In putting the question into a better perspective let us assume that the US importer buys goods from Mexico every year to the Tune of 1,000,000 Mexican Pesos.

The expected exchange rate  on 1/1/X1=$0.1000*(1+2.5%)/(1+18%)

The expected exchange rate  on 1/1/X1=$0.086864407

Amount paid based on expected exchange rate=1,000,000*$0.086864407

Amount paid based on expected exchange rate=$86,864.41

Amount paid based on actual exchange=1,000,000*$0.085

Amount paid based on actual exchange=$85,000

The above means that the US importer paid a lesser amount($85000) than it should have paid, hence, its net cash flow would increase due to a reduction in payment

SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 1, 2019. What is the yield to maturity for an SWH Corporation bond on January 1, 2010 if the market price of the bond on that date is $950

Answers

Answer:

6.23%

Explanation:

From Jan 2019 to Jan 2010 = 9 years

N = 9 years*2 = 18

PV = $950

Coupon payment = $27.5 (1000*5.5%/2)

FV = $1000

We need to solve for YTM using the MsExcel function

Yield to maturity = YTM(n, pv, pmt, fv) * 2

Yield to maturity = YTM(18, 950, 27.5, 1000) * 2

Yield to maturity = 0.03117 * 2

Yield to maturity = 0.06234

Yield to maturity = 6.23%

Leander Mfg. has three support departments (human resources, administration, and maintenance) and two revenue-generating departments (assembly and finishing). The company uses the step method to allocate support department costs to operating departments. In October, human resources incurred $1,008,000 of costs, administration incurred $1,562,400, and maintenance incurred $476,000. Proportions of services provided to other departments for October follow. Human Resources Administration Maintenance Human resources 10% 5% Administration 10% 15 Maintenance 15 10 Assembly 40 50 45 Finishing 35 30 35 a. Assume that the departments are listed in a benefits-provided ranking. Note: Do not round proportions in your calculations; round your final answer to the nearest whole dollar. 1. What amount of cost should be assigned from human resources to each of the other departments

Answers

Answer:

Leander Mfg.

Human resources cost assigned to other departments:

Administration                     100,800 (10%)

Maintenance                        151,200 (15%)

Assembly                            403,200 (40%)

Finishing                             352,800 (35%)

Total HR costs               $1,008,000

Explanation:

a) Data and Calculations:

                                    Human Resource  Administration  Maintenance

Direct costs incurred        $1,008,000         $1,562,400      $476,000

Human resources                                                10%                   5%

Administration                       10%                                                15

Maintenance                         15                           10

Assembly                              40                          50                   45

Finishing                               35                          30                   35

Allocation of Costs:

                                    Human Resource  Administration    Maintenance

Direct costs incurred  $1,008,000            $1,562,400            $476,000

Human resources      ($1,008,000)                100,800                151,200

Administration                  100,800 (10%) ($1,663,200)              184,800

Maintenance                     151,200 (15%)        184,800 (10%) ($812,000)

Assembly                        403,200 (40%)      924,000 (50%)   456,750 (45%)

Finishing                         352,800 (35%)      554,400 (30%)   355,250 (35%)

Human resources cost assigned to other departments:

Administration                     100,800 (10%)

Maintenance                        151,200 (15%)

Assembly                            403,200 (40%)

Finishing                             352,800 (35%)

Total HR costs               $1,008,000

Administration costs assigned to other departments:

Maintenance                             184,800 ($1,663,200 * 10/90)

Assembly                                 924,000 ($1,663,200 * 50/90)

Finishing                                  554,400 ($1,663,200 * 30/90)

Total administration costs $1,663,200

Maintenance costs assigned to other departments:

Assembly                              456,750 ($812,000 * 45/80)

Finishing                               355,250 ($812,000 * 35/80)

Total administration costs  $812,000

If a coupon bond has two years to​ maturity, a coupon rate of 10 ​%, a par value of ​$1000 ​, and a yield to maturity of 12 ​%, then the coupon bond will sell for ​$nothing . ​ (Round your response to the nearest two decimal​ place) The price of a bond and its yield to maturity are ▼ positively related negatively related unrelated .

Answers

Answer:

The right solution is "$966.27".

Explanation:

Given values are:

Coupon rate,

= 10%

Par value,

= $1000

Yield of maturity,

= 12%

then,

Coupon will be:

= [tex]1000\times 10 \ percent[/tex]

= [tex]1000\times 0.1[/tex]

= [tex]100[/tex] ($)

Now,

The present value of coupon will be:

= [tex]A\times \frac{(1-(1+r)^n)}{r}[/tex]

By putting the value, we get

= [tex]100\times \frac{1-(1.12)^{-2}}{0.12}[/tex]

= [tex]100\times \frac{1-0.7971}{0.12}[/tex]

= [tex]100\times \frac{0.2029}{0.12}[/tex]

= [tex]169.08[/tex] ($)

The present value of par value will be:

= [tex]\frac{1000}{(1+12 \ percent)^2}[/tex]

= [tex]\frac{1000}{(1.12)^2}[/tex]

= [tex]797.19[/tex] ($)

hence,

The price of bond will be:

= [tex]Present \ value \ of \ coupon+Present \ value \ of \ par \ value[/tex]

= [tex]169.08+797.19[/tex]

= [tex]966.27[/tex] ($)

A researcher wants to test the order of integration of some time series data. He decides to use the DF test. He estimates a regression of the form
delta yt = mu + si yt-1 + mut
and obtains the estimate ˆ? = -0.02 with standard error = 0.31.
(a) What are the null and alternative hypotheses for this test?
(b) Given the data, and a critical value of -2.88, perform the test.
(c) What is the conclusion from this test and what should be the next step?
(d) Why is it not valid to compare the estimated test statistic with the corresponding critical value from a t-distribution, even though the test statistic takes the form of the usual t-ratio?

Answers

Answer:

a) H0: u = presence of a unit root

   HA: u ≠ presence of a unit root  ( i.e. stationary series )

b) t stat = -0.064

c) We will reject the Null hypothesis and the next step will be to accept the alternative hypothesis

d) It is not valid to compare the estimated t stat with the corresponding critical value because a random walk is non-stationary while the difference is stationary because it is white noise

Explanation:

a) stating the null and alternative hypothesis

H0: u = presence of a unit root

HA: u ≠ presence of a unit root  ( i.e. stationary series )

b) performing the test

critical value = -2.88

T stat = coefficient / std error

          = -0.02 / 0.31  = -0.064

c) From the test, the value of T stat > critical value we will reject the Null hypothesis hence the next step will be to accept the alternative hypothesis

d) It is not valid to compare the estimated t stat with the corresponding critical value because a random walk is non-stationary while the difference is stationary because it is white noise

   

Four fundamental factors affect the cost of money: (1) the return that borrowers expect to earn on their investments, (2) the preference of savers to spend their income in the current period rather than delay their consumption until some future period, (3) the risks associated with the investment, and (4) expected inflation. Consider the following statements that address these factors, and indicate which you think are true.

Statement 1: The onset of 5% inflation means that your receipt of a $100 interest payment allows you to purchase only $95 worth of goods and services.
Statement 2: For the average rational investor or saver, there is an indirect, or inverse, relationship between the amount of risk exhibited by a security and the risk premium that would be required by the investor or saver.
Statement 3: On average and everything else held constant, rational savers and investors prefer to invest $1,500 to acquire an asset that will pay annual cash flows of $300 per year rather than an otherwise identical asset that will pay $500 per year.
Statement 4: The actual relationship between the risk-free rate of return (r*) and the expected future inflation rate or inflation premium (IP) is actually multiplicative-that is, [(1 + rRF) x (1 + IP)]-1-but it is often simplified to reflect an additive relationship.

The true statements are:

a. 2 and 3
b. 2 and 4
c. 1 and 4
d. 1 and 3

Answers

Answer:

The true statements are:

c. 1 and 4

Explanation:

The actual interest rate paid to savers depends on

(1) the expected rate of return on invested capital

(2) time preferences for current consumption versus future consumption

(3) the riskiness of the loan

(4) the expected future inflation rate

We can conclude that if an investment is facing a higher risk and inflation rate, then the expected interest rate will be higher than for a low-risk, low inflation-facing investment.

After Jim has gotten two different quotes for repairing his brakes, one from the dealership and one from a small, private mechanic, he choses to go with the small mechanic who has agreed to do his brakes for $200.00 less than the dealership. Jim takes his car to the mechanic who begins working on his brakes. After a week passes, the mechanic calls him and tells him he is in over his head and cannot fix his brakes. Jim goes over to pick up his car and finds his car in the mechanic's garage with the brakes disassembled around the mechanic's garage. What legal recourse does Jim have?

Answers

Answer:

Primary estoppel

Explanation:

Primary estoppel is defined as the principle that a promise made by a promisor is enforceable most especially when a promisee believes the promise and this leads to a subsequent detriment.

In the given scenario Jim used a small mechanic to repair his brakes and was assured he could do the job.

However the mechanic calls him and tells him he is in over his head and cannot fix his brakes, and finds his car in the mechanic's garage with the brakes disassembled around the mechanic's garage.

He can resort to primary estoppel as a legal recourse.

John Larken is a single taxpayer. He sells the home he has owned and lived in for the past 31 years for a gain of $200,000 on October 5, Year 33. How much of this gain may he exclude

Answers

Answer: $200000

Explanation:

It should be noted that the amount of gain that'll be excluded from the gross income under with respect to any sale should not be more than $250,000.

Therefore, the amount that'll be excluded based on this will be $200000. Therefore, the answer will be $200000.

Pistol Corporation purchased 100 percent ownership of Scope Products on January 1, 20X6, for $56,000, at which time Scope Products reported retained earnings of $10,000 and capital stock outstanding of $30,000. The differential was attributable to patents with a life of eight years. Income and dividends of Scope Products were

Answers

Answer:

1.20X6

1a. Dr Investment in Scope Products $56,000

Cr Cash $56,000

1b. Dr Cash $ 6,000

Cr Investment in Scope Products $ 6,000

1c. Dr Investment in Scope Products $16,000

Cr Income from Scope Products $16,000

1d. Dr Income from Scope Products $2,000

Cr Investment in Scope Products $2,000

20X7

2a. Dr Cash $8,000

Cr Investment in Scope Products $8,000

2b. Dr Investment in Scope Products $24,000

Cr Income from Scope Products $24,000

2c. Dr Income from Scope Products $2,000

Cr Investment in Scope Products $2,000

20X8

3a. Dr Cash $8,000

Cr Investment in Scope Products $8,000

3b. Dr Investment in Scope Products 32,000

Cr Income from Scope Products 32,000

3c. Dr Income from Scope Products $2,000

Cr Investment in Scope Products $2,000

2.$98,000

Explanation:

1. Preparation of the equity method entries that Pistol should record to account for this investment in 20X6, 20X7, and 20X8.

Equity Method Journal Entries for Pistol Corporation.

20X6

1a. Dr Investment in Scope Products $56,000

Cr Cash $56,000

1b. Dr Cash $ 6,000

Cr Investment in Scope Products $ 6,000

1c. Dr Investment in Scope Products $16,000

Cr Income from Scope Products $16,000

1d. Dr Income from Scope Products $2,000

Cr Investment in Scope Products $2,000

{ ($56,000-$10,000-$30,000) /8 years }

20X7

2a. Dr Cash $8,000

Cr Investment in Scope Products $8,000

2b. Dr Investment in Scope Products $24,000

Cr Income from Scope Products $24,000

2c. Dr Income from Scope Products $2,000

Cr Investment in Scope Products $2,000

{ ($56,000-$10,000-$30,000) /8 years }

20X8

3a. Dr Cash $8,000

Cr Investment in Scope Products $8,000

3b. Dr Investment in Scope Products 32,000

Cr Income from Scope Products 32,000

3c. Dr Income from Scope Products $2,000

Cr Investment in Scope Products $2,000

{ ($56,000-$10,000-$30,000) /8 years }

2. Calculation to determine the Balance in Investment in Scope Products.

Particulars Amount ($)

Initial Investment Amount $56,000

Add : Share of Income $72,000

($16,000+$24,000+$32,000)

Less : Dividend Received ($22,000)

($6,000+$8,000+$8,000)

Less : Patent Amortization ($6,000)

($2,000 * 3 years)

Balance in Investment in Scope Products Account as on Dec. 31 20X8 $98,000

Therefore the balance of the Investment in Scope account on Pistol balance sheet at December 31, 20X8, after all required equity method entries have been recorded is $98,000

Suppose that 45% of all babies born in a particular hospital are girls. If 7 babies born in the hospital are randomly selected, what is the probability that at most of them are girls?

Answers

Answer:

0.10

Explanation:

Using the binomial probability formula: P(X = x) = (nCx) * p^x * (1 - p)^(n-x)

P(X≤1) = P(X = 0) + P(X = 1)

P(X≤1) = (7C0) * 0.45^0 * (0.55)^7 + (7C1) * 0.45^1 * (0.55)^6

P(X≤1) = 0.1024

P(X≤1) = 0.10

So, the Probability that at most one of them are girls 0.10.

Discuss how key practices in the partnering approach to managing contracted relationships vary from those in the traditional approach regarding risk, length of commitment, and structure of project teams.

Answers

Answer:

Approaches to risk, structure and length of commitment has been changed in a positive way.

Explanation:

Approaches to risk, structure and length of commitment has been changed in a positive way. Risk is greatly changed by introducing the following strategy:

Transfer, Avoid, Reduce and Accept.

The risk is analyzed first to identify the nature whether it can be transferred or not if yes it is transferred, if not then risk is again analyzed if this can be avoided, if not then risk is again analyzed if the chances of risk occurring can be reduced, if not then the risk is accepted.

Length of commitment is changed to easy terms, the length of commitment in the past was of a longer duration [more than a year], unlike now which is a choice, length of commitment can be less than a year or maybe more than a year.

How are laws of supply and demand similar

Answers

Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. ... But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.
They both upper and lower slope

Service levels are reported accurately is an example of which control

Answers

Answer:

Service level measures the performance of a system. Certain goals are defined and the service level gives the percentage to which those goals should be achieved. Fill rate is different from service level.

Examples of service level:

Percentage of calls answered in a call center.

Percentage of customers waiting less than a given fixed time.

Percentage of customers that do not experience a stockout.

Percentage of all parts of an order being fulfilled completely

(Explanation) if one component part of an order is not filled the Service Level for that order is Zero, If all the component parts of an order are delivered except one is filled at 51%, the service level for that order is 51% (This system is often used in supply chain delivery to manufacturing), This is a very different from a simple order fill measurement which does not consider line items on the order.

Explanation:

thank me later

Identify deficiencies in Wagner's participative budgetary policy for planning and performance evaluation purposes

Answers

Question Completion:

Behavioral Considerations and Budgeting Anthony Wagner, the controller in the Division of Transportation for the state, recognizes the im ance of the budgetary process for planning, control, and motivation purposes. He believes that properly implemented participative budgeting process for planning purposes and a management by exception reporting procedure based on that budget will motivate his subordinates to improve productivity within their particular departments. Based on this philosophy, Wagner has implemented the following budget procedures:

An appropriation target figure is given to each department manager. This amount is the maximum funding that each department can expect to receive in the next fiscal year Department managers develop their individual budgets within the following spending constraint as directed by the controller's staff:

1. Expenditure requests cannot exceed the appropriation target

2. All fixed expenditures should be included in the budget: these should include items such . . as contracts and salaries at current levels

3. All government projects directed by higher authority should be included in the budget in their entirety. The controller consolidates the departmental budget requests from the various departments into one budget that is to be submitted for the entire division. Upon final budget approval by the legislature, the controller's staff allocates the appropriation to the various departments on instructions from the division manager. However, a specified percentage of each department's appropriation is held back in anticipation of potential budget cuts and special funding needs. The amount and use of this contingency fund are left to the discretion of the division manager Each department is allowed to adjust its budget when necessary to appropriation level. However, as stated in the original directive, specific projects authorized b higher authority must remain intact. The final budget is used as the basis of control for a management by exception form of reporting. Excessive expenditures by account for each department are highlighted on a monthly basis. Department managers are expected to account for all expenditures over budget. Fiscal responsibility is an important factor in the overall performance evaluation of department managers .Each department is allowed to adjust its budget when necessary to operate within the reduced · Wagner believes that his policy of allowing the department managers to participate in the budget process and then holding them accountable for their performance is essential, e these times of limited resources.

Answer:

Deficiencies in Wagner's Participative Budgeting Policy

1. Fixed costs are not controllable by managers.  This defeats, to a large extent, the idea of participative budgeting policy by Wagner as his departmental managers' performances are evaluated based on goals they have not set for themselves.

2. Wagner's participative budgetary policy allows him to revise some approved budgets arbitrarily without seeking the participation of divisional managers in the revision.  This negatives the principle of participation.

Explanation:

An effective participating budgeting process ensures the utilization of specialist knowledge of the participants who are close to the daily operations of their departments. An effective process ensures the setting of more realistic and acceptable goals.  A good participative budgetary policy wins managers' commitment, improves communication and accountability, and ensures group cohesiveness.

During the past year, Sweeter than Honey Inc. sold 920 beehives. Inventory records for the year are as follows: DATE QUANTITY COST TOTAL January 1 Beginning Inventory 180 $38 $ 6,840 January 30 Purchase 300 32 9,600 March 16 Purchase 150 12 1,800 November 10 Purchase 420 15 6,300 December 14 Purchase 400 43 17,200 Total available for sale 1,450 $41,740 Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory. (Round your answer to 2 decimal places) Group of answer choices $19,128.00 $28,772.00 $15,258.70 $22,541.80

Answers

No cap cuh 10.000000 a year ez

What is the Production Possibilities Frontier's purpose?

:a. Showing businesses that in order to produce more, they need to hire more output
b. Show businesses that businesses should not produce at their maximum capacity because they could exhaust their workers and capital goods
c. Show businesses that they need to produce at their maximum capacity to be efficient
d. Showing businesses that a worker's high morale is necessary to make them efficient

Answers

Answer:

Uhh b

Explanation:

You own a portfolio that has $2,600 invested in Stock A and $3,600 invested in Stock B. If the expected returns on these stocks are 12 percent and 15 percent, respectively, what is the expected return on the portfolio

Answers

Answer:

the  expected return on the portfolio is $7,052

Explanation:

The computation of the expected return on the portfolio is shown below:

Stock A return = $2,600 + 12% of 2600 = $2,912

And,  

Stock B return = $3,600 + 15% of 3600 = $4,140

So,  

Expected return on portfolio is

= $2,912 + $4,140

= $7,052

hence, the  expected return on the portfolio is $7,052

Thái độ của người lao động ảnh hưởng như thế nào đến hiệu quả của tổ chức?

Answers

gfgucugcuyfuyf ughh bjbjhj tytyty p pleaseee frick. meee hihuhuhu yaaa

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You are scheduled to receive $34,000 in two years. When you receive it, you will invest it for 7 more years at 7.5 percent per year. How much will you have in 9 years

Answers

Answer: $65186.16

Explanation:

Since the individual is scheduled to receive $34,000 in two years and will then invest it for 7 more years at 7.5 percent per year. The amount that the person will have in 9 years will be:

FV = PV(1 + rate)^n

where,

PV = present value = $34000

Rate = 7.5% = 0.075

n = number of years = 7

FV = 34000 × (1 + 7.5%)^9

FV = 34000 × (1 + 0.075)^9

FV = 34000 × 1.075^9

FV = 34000 × 1.91724

FV = $65186.16

The amount in 9 years will be $65186.16

Consider the role of management accounting in relation to the company for which you work or have worked

Answers

Answer:

The management of accounting, or accounting management is one of the main areas inside any business, because accounting is an essential part of any business since it is in charge of the recording of all the economic transactions that the business engages in.

Accouting information is also vital because it serves as a source for other areas of a business, for example, the financial department because it uses aggregate accounting information, or even the marketing department, because it looks at accounting information in order to determine commercial needs, or to understand what resources are available for carrying out marketing activities.

Andrews Co. can purchase 20,000 units of Part XYZ from a supplier for $18 per part. Andrews' per unit manufacturing costs for 20,000 units is as follows: Cost Per Unit Total Variable manufacturing cost $12 $240,000 Supervisor salary $3 $60,000 Depreciation $1 $20,000 Allocated fixed overhead $7 $140,000 If the part is purchased, the supervisor position will be eliminated. The special equipment has no other use and no salvage value. Total allocated fixed overhead would be unaffected by the decision. The company should ______.

Answers

Answer:

Andrews Co.

The company should ______.

should make the part.

Explanation:

a) Data and Calculations:

Costs to make Part XYZ:

                                        Cost Per Unit       Total

Variable manufacturing cost  $12          $240,000

Supervisor salary                     $3             $60,000

Depreciation                             $1             $20,000

Allocated fixed overhead        $7           $140,000

Units to be made or bought = 20,000 units

Cost to buy Part XYZ = $18 per part.

Relevant costs:

                                              Make          Buy         Difference

Variable manufacturing cost  $12

Supervisor salary                     $3

Total relevant cost per unit   $15            $18               $3

Total costs                      $300,000   $360,000     $60,000

b) There is a cost-saving of $60,000 when Part XYZ is made internally.  The cost of depreciation is not relevant in the decision since the equipment has no salvage value or any other use.  Similarly, the fixed overhead will still be incurred, no matter the alternative chosen by the company.

A company took a physical inventory at the end of the year and determined that $833,000 of goods were on hand. In addition, the following items were not included in the physical count:
Management determined that $96,000 of goods purchased were in transit that were shipped f.o.b. destination (goods were actually received by the company three days after the inventory count)
The company sold $40,000 worth of inventory f.o.b. destination.
What amount should Bell report as inventory at the end of the year?

Answers

Answer:

$873,000

Explanation:

Calculation of amount of inventory reported by Bell at the end of year :

Inventory amount = $833,000 + $40,000

Inventory amount = $873,000

Therefore, the amount that Bell should report as inventory at the end of the year is $873,000.

Given below are several ratios. Select the accounts or amounts that would be used in order to calculate the ratio. You will have more than one response to each ratio. Some accounts or amounts may not be used at all. (Select all that apply.) Debt-to-equity ratio a.Cash paid for acquisitions b.Interest expense c.Total dividends paid d.Cash flow from operations before interest and tax payments e.Total stockholders' equity f.Net income g.Total liabilities h.Cash flow from operations

Answers

Answer:

Total stockholders' equity.Total liabilities.

Explanation:

The Debt to equity ratio shows the proportions of the financing options used to finance the operations of the company namely debt and equity.

It is calculated by the formula:

= Total liabilities / Total stockholders' equity * 100%

As shown by the formula , the relevant accounts are:

Total stockholders' equity.Total liabilities.
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