Answer:
$77,649.16
Explanation:
Loan taken = $800,000
Duration of loan = 30 yrs
Interest rate = 4%
Monthly payment = PMT(RATE, NPER, PV, FV)
Rate(Monthly interest rate) = 0.33%
Nper= 360
PV=-800,000
FV = 0
Monthly payment = PMT(0.3, 03%, 360, -800,000)
Monthly payment = $3,819.32
Calculation of loan in 36 years
Monthly payment = 3,819.32
Rate = 0.33%
Years spent - 3
Yrs remaining = 27 yrs
No of month remaining = 324
Loan balance after 36 payment = Month payment (P/A, I, N)
Loan balance after 36 payment = 3,819.32 * Pv(0.33%, 324, -1,0)
Loan balance after 36 payment = $755,989.80
Market value of loan after 36 payment
Market value of loan after 36 payment = Monthly payment*(P/A, I,N)
= $3,819.32 * (P/A, 5%/12, 324)
= $678,340.64
Hence, Market value of loan after 36 payment is $678,340.64
Difference between loan balance and market value of loan = Loan balance after 36 payment - Market value of loan = $755,989.80 - $678,340.64 = $77,649.16
what would peggy's profit be if the golf club division was dropped and all fixed costs are unavoidable
Question Completion:
Peggy's Golf Equipment, Inc. sells equipment through pro shops at golf courses. Peggy's Golf has two divisions: Golf Clubs and Golf Balls. For
Golf Clubs Golf Balls Total
Total Sales $371,000 $375,000 $746,000
Variable Costs 288,000 148,000 $436,000
Contribution Margin $83,000 $227,000 $310,000
Fixed Costs (allocated) 122,000 112,000 $234,000
Profit $(39,000) $115,000 $76,000
What would Peggy's profit be if the Golf Club division was dropped and all fixed costs are unavoidable?
a) $7,000 loss
b) $39,000 profit
c) $76,000 profit
d) $83,000 loss
Answer:
Peggy's Golf Equipment, Inc.
a) $7,000 loss
Explanation:
a) Data and Calculations:
Peggy's Divisional Income Statement
Golf Clubs Golf Balls Total
Total Sales $371,000 $375,000 $746,000
Variable Costs 288,000 148,000 $436,000
Contribution Margin $83,000 $227,000 $310,000
Fixed Costs (allocated) 122,000 112,000 $234,000
Profit $(39,000) $115,000 $76,000
Income Statement after dropping the Golf Club Division:
Total
Total Sales $375,000
Variable Costs 148,000
Contribution Margin $227,000
Fixed Costs (allocated) 234,000
Profit $(7,000)
Peggy will suffer a loss of $7,000 after dropping the golf club. The calculations are shown in the attachment.
What is profit?Profit refers to the financial gain earned by a person or a business during the normal course of business. It is the difference between revenue and spending where revenue is more than spending.
On the other hand, if the spendings or expenses exceed the revenue, a loss will arise.
The calculation of profit/loss of Peggy after dropping the golf club is given in the attachment.
Since the fixed cost is unavoidable, they will be deducted as the whole amount.
Therefore the loss is $7,000.
Learn more about profit here:
https://brainly.com/question/1494270
Royal Furniture bought a sofa for $825. The sofa had a $1,425 list price. What was the trade discount rate Royal received?
Answer:
the trade discount rate is 42.11%
Explanation:
The computation of the trade discount is shown below:
As we know that
List Price = Net Price ÷ trade discount rate
where,
List price is $1,425
Net price is
= $1,425 - $825
= $600
So, the trade discount rate is
$1,425 = $600 ÷ trade discount rate
= $600 ÷ $1,425
= 42.11%
Hence, the trade discount rate is 42.11%
g Assume that the risk-free rate of interest is 3% and you estimate the market's expected return to be 9%. The equity cost of capital for "Meenie" is closest to:
Answer:
12%
Explanation:
Risk free rate + market expected return = equity cost of capital = 3% + 9% = 12%
5. Mark can solve mathematical equation in13 2/15 minutes Jon can do the same 15 1/3minutes how much faster does mark solve an equation than Jon?
Answer:
Explanation:
15.33 - 13.13 = 2.2
Those who can most influence individual behavior within a small company and set the moral and ethical tone of a company are its:
Answer:
managers or owners
Explanation:
The managers or the owners control its business operations. It depend on them how they managed the company or an organization. Their behavior, how ethically they treats their employees, staff, etc. This represents their ethical tone and moral values how they respect to their staff.
Therefore the most influence individual is the owners and manager itself who overall controls the company
Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1900. It is now 2016. a.) If someone invested $1000 in 1900, how much would that investment be worth today? (Do not round intermediate calculations. Round your answer to two decimal places.) b.) If an investment from 1900 has grown to $1 million, how much was invested in 1900? (Do not round intermediate calculations. Round your answer to two decimal places.)
Answer:
1. $287,050.75
2. $3,483.70
Explanation:
1. Calculation for how much would that investment be worth today
Using this formula
A=P(1+r/100)^n
where,
A represent future value
P represent present value
r represent rate of interest
n represent time period
Note 2016-1900 will give us 116 years
Let plug in the formula
A=$1,000(1.05)^116
A=$1,000*287.05075
A=$287,050.75
Therefore how much that the investment would be worth today will be $287,050.75
2. Calculation for how much was invested in 1900
1,000,000=P(1.05)^116
P=1,000,000/1.05^116
P=$3,483.70
Therefore how much was invested in 1900 will be $3,483.70
Consider a hypothetical economy in which only computers and shoes are produced and in which computer production is capital intensive as compared with shoe production. If two resources are being used, capital and labor, then, in equilibrium, the labor/capital ratio would be
Answer:
higher in the shoe industry.
Explanation:
Since manufacturing shoes is more labor intensive than manufacturing computers, the labor/capital ratio will be higher in that industry. On the other hand, since manufacturing computers is more capital intensive, then the capital/labor ratio will be higher.
The Heckscher-Ohlin trade model is commonly used to explain how different countries can benefit from the abundance of certain resources that they possess when trading with other nations. It also explains how costs will vary depending on trade, e.g. if more capital is needed, the cost of capital will increase.
Describe some products whose adoption rates have been affected by complexity, compatibility, relative advantage, observability, and/or trial-ability.
Answer:
Complexity ⇒ electric cars are affected by complexity. Chargers for electric cars are not easily found in small cities, which makes it difficult for people living on small towns to own an electric car.
Compatibility ⇒ when Apple launched the iPad, most of its consumers already owned an iPhone which made their use much more simple, natural and compatible.
Relative advantage ⇒ hybrid cars are much more fuel efficient than regular gas cars and that is an advantage when consumers are comparing the costs of owning and using a car.
Trialability ⇒ free lotion samples given away in supermarkets are an example of trialability. Potential consumers can use try them and if they like them they will purchase them. Another example is the one month free trials for online services.
Observability ⇒ when Apple launched the first iPhone, the Blackberrry phone was the most popular. But as people were able to observe the advantages of the iPhone, they quickly changed their phones.
Andy is considering purchasing a 12-year bond that is selling for $1,300. What is the YTM for this bond if it has an 8% coupon, paid semi-annually?
a. 4.63%.
b. 4.68%.
c. 4.70%.
d. 4.72%.
Answer:
c. 4.70%.
Explanation:
YTM = Rate(PV , FV, N, PMT)
PV = -$1,300, FV = $1000, N= 24(12*2), PMT = 40(1,000*8%/2)
YTM = Rate(-1,300, 1,000, 24, 40)
YTM = 0.047
YTM = 4.70%
More goods than are needed definition
Answer:
Surplus
Explanation:
Surplus refers to the situation where the quantity of goods and services available exceed the consumers' requirements. It is when a person, an organization, or a country has more of a product or service than they can consume. A surplus results in either storage of the excess commodity or exporting to other countries.
A surplus is when supply exceeds demand. A surplus is an excess supply.
an employee scans his badge to open a door, but the door does not open. The employee has access to the room as part of the job. This is an example of a: False negative True negative True positive False positive
Answer:
False negative
Explanation:
A false negative may be defined as the outcome where the outcome of the binary classification process the model incorrectly determines or predicts the negative class.
In the context, though the employee have access to open the door as a part of his job, the employee could not open the door by scanning his badge. So this may be considered as a false negative as the employee could not open the door inspite of having access to the door.
Collins Corp. sells $400,000 of bonds to private investors. The bonds are due in five years, have an 4.1% coupon rate, and interest is paid semiannually. The bonds were sold to yield 6%. What proceeds does Collins receive from the investors
Answer: $367,555
Explanation:
The following information can be gotten from the question
Face Value of the bond = $400,000
Coupon rate = 4.1%
Annual Coupon will be calculated as:
= 4.1%*$400,000
= $16,400
Semi-annual Coupon:
= $16400/2
= $8,200
Annual YTM = 6%
Semi-annual YTM = 6%/2 = 3%
Bond Proceed will now be:
= $8,200 × PVIFA(3%, 10) + $400,000 × PVIF(3%, 10)
= $8,200 × (1-(1/1.03)^10)/0.03 + 400,000/1.03^10
Bond Proceed = $367,555
Collins receive $367,555 from the investors
ABC Company recently began using cross-functional teams. The HR director wants to make sure the teams collaborate effectively, but also wants to avoid stifling individual initiative. One method she could use to achieve this goal would be to:
Answer:
Use a skill-based pay plan for the team
Explanation:
A skill-based pay is simply non-traditional compensation system. It promote/encourages the growth of a multi-skilled work force by basing employees' pay rates on the number of jobs in the organization that they can do, instead of/on the specific job employees may be doing at a particular time. It is also referred to as as Pay for Knowledge and Knowledge-based Pay. To an Employer, it help to ensure Work force flexibility and Leaner staffing while to Employees, it guarantee/ give High satisfaction & motivation and alsoHigh self-esteem/worth.
What is the difference between an asset's ability to generate revenue and its ability to generate profit
Answer and Explanation:
As we know that the revenue is the recording of an incoem that arise from the business activity
While on the other hand, the profit is the amount that comes when the revenue is more than its cost or expenses
In the case when an asset is able to generate revenue
1. Revenue can be in terms of cash
2. It is determined
In the case when an asset is able to generate profit
1. It does not produced the cash in a direct manner
2. It is variable as proft cannot be hold
A customer purchased some goods on credit from Stears Corp. The customer then returned $750 worth of goods to the company because he found them to be defective. What will the contra revenue journal entry by the accountant be? A. Customer Account (debit) 750; Sales Return Account (credit) 750 B. Sales Return Account (debit) 750; Customer Account (credit) 750 C. Sales Return Account (debit) 750; Sales Account (credit) 750 D. Sales Account (debit) 750; Sales Return Account (credit) 750 E. Sales Return Account (debit) 750; Cash Account (credit) 750
Answer: I went with A I'm not confident in it thou
Explanation:
The treatment of distributions in liquidations differs from that in nonliquidating distributions in that the corporation is always allowed to recognize loss on a liquidating distribution.
a) True
b) False
Answer:
True
Explanation:
A liquidating dividend is a distribution of cash or other assets to shareholders, with the intent of shutting down the business. This dividend is paid out after all creditor and lender obligations have been settled, so the dividend payout should be one of the last actions taken before the business is closed. Nonliquidating corporate distributions are distributions of cash and/or property by a continuing corporation to its shareholders.
pencer Co. has a $450 petty cash fund. At the end of the first month the accumulated receipts represent $68 for delivery expenses, $227 for merchandise inventory, and $37 for miscellaneous expenses. The fund has a balance of $118. The journal entry to record the reimbursement of the account includes a:
Answer:
Credit to cash for $332
Explanation:
The information above is broken down as;
Petty cash fund = $450
Accumulated receipts for delivery expenses = $68
Merchandise inventory = $227
Miscellaneous expenses = $37
Fund balance = $118
Hence;
The journal entry to record the reimbursement of the account is;
Delivery expenses account Dr. $68
Merchandise inventory account Dr $227
Miscellaneous expenses account Dr $37
To Cash account Cr $332
(Being the recording of cash reimbursement)
Why do you pay late fees with a credit card and not with a debit card?
Please answer ASAP!!
Answer:
Debit card is direct charge to balance in your account. Credit card is a loan
Explanation:
On a credit card, you are borrowing money. You keep a running balance and make a payment monthly. If you miss a monthly payment your credit agreement allows the bank to charge you a late fee. With a debit card, money is deducted from your bank account balance as you use it. So you don't have to worry about a monthly payment - or late fees, but you can be charged an overdraft fee if you overspend your balance.
Answer:
you are barrowing money with a credit card but with a debit card it is coming strait out of your checking account.
Explanation:
Mike, a project team member indicates that his programming task will take about 5 days to complete if everything goes flawlessly. Normally, this type of task takes about 7 days. But, if things go wrong, it could take up to 8 days. What is his PERT duration
Answer:
Pert Estimate = 6.83
Explanation:
The PERT duration is calculated using the following formula
Pert Estimate = (Optimistic + (4 X Most Likely) + Pessimistic)/6
In this scenario, the most optimistic amount of time would be 5 days for completion. The most likely or average amount of time this type of project takes is 7 days, and if things go wrong the most pessimistic outlook is 8 days. Therefore we can plug these values into the formula and calculate the PERT duration.
Pert Estimate = (5 + (4 * 7) + 8)/6
Pert Estimate = (5 + (28) + 8)/6
Pert Estimate = 41/6
Pert Estimate = 6.83
A company pays $95,000 in cash and stock to acquire 80% of the voting stock of another company. The fair value of the noncontrolling interest is $21,250. The book value of the acquired company is $66,250, and no revaluations of acquired identifiable net assets are necessary. What percentage of total goodwill is allocated to the controlling interest, following U.S. GAAP
Answer:
$50,000
Explanation:
Goodwill = amount of money paid for 80% of the stocks + fair value of non-controlling interest - fair value of assets = $95,000 + $21,250 - $66,250 = $50,000
Goodwill will only be allocated to the company that is carrying out the acquisition since goodwill exists due to the intervention of the outside company.
Given a Cobb-Douglas production function where α= β = 0.5:
Q= (K^0.5) x (L^0.5)
Required:
Find the equation for the isoquant when Q = 2,000.
Answer:
MRTS=-400
Explanation:
This equation basically says that the output that this firm produces is a function of Labor and Capital, where each isoquant represents a fixed output produced with different combinations of inputs
The equation for the isoquant when Q = 2,000 can be found as follows
Q=(K^{0.5})*(L^{0.5})
where Q = 2000
2000=(K^{0.5})*(L^{0.5})
(K^{0.5})=[tex]\frac{2000}{(L^{0.5})}[/tex]
K=[tex]\left (\frac{2000}{(L^{0.5})} \right )^{2}[/tex]
MRTS=[tex]-\left ( \frac{\frac{0.5*2000}{100}}{\frac{0.5*2000}{40000}} \right )[/tex]
where
K=[tex]\left (\frac{2000}{(L^{0.5})} \right )^{2}[/tex]
K=[tex]\left (\frac{2000}{(100^{0.5})} \right )^{2}[/tex]
K=[tex]\left (\frac{2000}{(10)} \right )^{2}[/tex]
K=200^{2}
K=40000
MRTS=-400
A stock just paid a dividend of $4.49 and is expected to maintain a constant dividend growth rate of 4.1 percent indefinitely. If the current stock price is $78, what is the required return on the stock
Answer:
The required rate of return is 10.09%
Explanation:
The computation of the required return is shown below:
As we know that
Price of the stock = Dividend ÷ (required rate of return - growth rate)
$78 = $4.49 × (1 + 4.1%) ÷ (required rate of return - 4.1%)
$78 = $4.67 ÷ (required rate of return - 4.1%)
After solving this, the required rate of return is 10.09%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Sheridan Company will receive $880000 in a future year. If the future receipt is discounted at an interest rate of 7%, its present value is $548020. In how many years is the $880000 received
Answer:
7 years
Explanation:
The computation of the number of years required for $880,000 is shown below:
We have to equate the future value and the present value. Like shown below:
Future value = Present value
$880,000 = $548,020 × 1.07^n
$880,000 ÷ $548,020 = 1.07^n
1.6058 = 1.07^n
As going through the future value interest table the number of years would it take is 7 years at 7% the factor is 1.6058
Therefore the 7 years is the answer
Over the past few decades, the U.S. economy has switched from a primarily manufacturing economy to a service economy. Many individuals working in manufacturing positions lost their jobs, and many new jobs opened up in services. For those who lost jobs in manufacturing, this is an example of:
Answer:
Structural unemployment
Explanation:
Structural unemployment is one that occurs as a result of a mismatch between the skills that employees have and the skills required by employers.
It is a form of involuntary unemployment.
Usually when there is industrial restructuring this type of unemployment occurs. For example if there is a shift from manual factory production to automated production systems, people are going to lose their jobs because their skills are no longer in demand.
On the given scenario the U.S. economy has switched from a primarily manufacturing economy to a service economy. So more of service professionals were now needed.
how do u get arrested
Answer:
breaking the laws that's one way to get arrested, if that's what you are asking lol
Answer:
Basically anything that interferes with the law or disturbs peace
Explanation:
1)hurt someone.
2)Spray paint.
3)Punch someone.
4)Fight with officer.
5)Get out of control at school.
6)Get in a fight.
7)Steal a car.
8)Sell drugs.
9)Hit a police car and drive off.
10)Threaten to hurt yourself.
etc
In 2008, lawsuits were filed against three producers (LG Display Co., Chunghwa Picture Tubes, and Sharp Corporation) for conspiring to fix prices of LCD panels. What act prohibits conspiring with your competitors to fix prices?
a. Sherman Act
b. Robinson-Patman Act
c. Clayton Act
d. Federal Trade Comission Act
Answer:
a. Sherman Act
Explanation:
Sherman act is also called the anti trust act. It prevents business interests from creating a monopoly and taking undue advantage in a market by collusion to influence price of a commodity.
For example when competing companies come together to monopolize a market so that they can maximise profit, the Sherman act can be used to prevent this from happening.
In the given scenario LG Display Co., Chunghwa Picture Tubes, and Sharp Corporation conspired to fix prices of LCD panels. This is prohibited by the Sherman Act
Find the annual percentage yield for an investment at the following rates. (Round your answers to two decimal places.) (a) 6.1% compounded monthly % (b) 8% compounded continuously
Answer:
a.6.27%
b.8.33%
Explanation:
a.
The formula for annual percentage yield based on monthly compounding is shown below:
APY= (1 + r/n )n – 1
r=interest rate=6.1%
n=number of times interest is compounded in year=12
APY=(1+6.1%/12)^12-1
APY=6.27%
b.
When interest is compounded continuously, APY is computed using the below formula:
APY=e^(rt)-1
e= a constant number=2.7182818
r=interest rate=8%
t=1( since the APY is measured annually)
APY=2.7182818^(8%*1)-=8.33%
Is .gov a good website?
Answer: most websites with .gov in it are reliable.
1. In an agreement between a supplier and a customer, the supplier must ensure that all parts are within specification before shipment to the customer. What is the effect on the cost of quality to the customer?
Answer:
According to business analyst in certain areas, it is known that no businesses can run not without making a profit, and profit comes from the shoppers. To please the purchasers by delivering the products or services. Also in cases where suppliers couldn’t dispatch the products or services on timely to its customers, customers are more likely to modify the corporate or products in order that there'll be rather more negative effects when it involves the value of quality to suppliers. The most important impacts of not meeting predetermined promises to its customers for suppliers are as follows:
· Returned goods
. Liability claim
· Reworking costs
· Warranty costs
· Loss of goodwill, etc.
These steps are taken in many cases to confirm that each part is within tolerance, the suppliers have to add extra efforts to examine each part before conducting shipment to its customers. These costs are associated with delivering substandard products or services to customers so sometimes it's also called external failure to the organization. In my view, these costs are to be avoided or reduced so as to achieve a competitive advantage within the market.
matt agrees to pay ted $100 in exhange for Ted's promise to paints Matt's house. This is an example of a(n):
Answer:
bilateral contract.
Explanation:
Bilateral contract can be regarded as a type of binding agreement, it can be explained as an exchange of promise that exist between two parties on a particular action/activities. Both promise of the two parties is essential in bilateral contract since one promise of the first party determine the consideration for other. Therefore, In the case described in the question, whereby matt agrees to pay ted $100 in exhange for Ted's promise to paints Matt's house
can be regarded as an example of bilateral contract.