Answer:
the yield to maturity is 5.08%
Explanation:
The computation of the YTM of the bond is shown below:
Given that
NPER = 16 years
PMT = $1,000 × 5.2% = $52
PV = $1,012.50
FV = $1,000
The formula is shown below:
= RATE(NPER,PMT,-PV,FV,type)
After applying the above formula, the yield to maturity is 5.08%
Hence, the yield to maturity is 5.08%
It costs Bramble Corp. $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 4300 scales at $15 each. Bramble would incur special shipping costs of $1 per scale if the order were accepted. Bramble has sufficient unused capacity to produce the 4300 scales. If the special order is accepted, what will be the effect on net income
Answer:
Effect on income= $8,600 increase
Explanation:
Giving the following information:
Unitary variable cost= 12 + 1= $13
Units sold= 4,300
Selling price= $15
Because it is a special offer, and there is unused capacity, we will not take into account the fixed costs.
Effect on income= units sold*unitary contribution margin
Effect on income= 4,300*(15 - 13)
Effect on income= $8,600 increase
Total contribution margin in dollars divided by pretax income is the: Multiple Choice Degree of operating leverage. Contribution margin ratio. Margin of safety. Sales mix. Break-even point in units.
Answer:
Degree of operating leverage.
Explanation:
As we know that the formula of the degree of operating leverage which is given below:
= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed costs)
where,
Contribution margin = (Sales - Variable costs)
And,
EBIT i.e Pretax Income = (Sales - Variable costs - Fixed costs)
So the first option is correct and the same is to be considered
Suppose you held a well-diversified portfolio with a very large number of securities, and that the single index model holds. If the σ of your portfolio was 0.18 and σM was 0.22, the β of the portfolio would be approximately:_______
a. 0.74.
b. 0.80.
c. 1.25.
d. 1.56.
Answer:
B. 0.80
Explanation:
A well diversified portfolio can be regarded as one which has different securities with their weight been small. Since the single index holds,
The single-index model (SIM) by William Sharpe, is a model that that provides the risk as well as the returns of stock.
Given:
the σ of your portfolio = 0.18
σM = 0.22,
the β of the portfolio= the σ of your portfolio/σM
the β of the portfolio==0.18/0.22
= 0.82
Therefore, the β of the portfolio would be approximately 0.80
During May, a shop had a net markdown of $940. If total markdowns were $1,890, determine the markdown cancellation
Answer:
the markdown cancellation is $950
Explanation:
The computation of the markdown cancellation is shown below:
Markdown cancellation is
= Total markdown - net markdown
= $1,890 - $940
= $950
By deducting the net markdown from the total markdown we can get the markdown cancellation and the same is to be considered
hence, the markdown cancellation is $950
The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $32,000 (or $3,200 per weekday). The current pay period ends on Friday, January 3. Neat Clothes is now preparing financial statements for the year ended December 31. What is the adjusting entry to record accrued salaries at the end of the year
Answer: D. Salaries Expense 22,400
Salaries Payable 22,400
Explanation:
The options are:
A. Salaries Payable 22,400
Salaries Expense 22,400
B. Salaries Expense 6,400
Salaries Payable 6,400
C. Salaries Expense 9,600
Salaries Payable 9,600
D. Salaries Expense 22,400
Salaries Payable 22,400
Based on the scenario that has been provided in the question and the information given, the adjusting entry to record accrued salaries at the end of the year will be:
D. Salaries Expense 22,400
Salaries Payable 22,400
This was calculated as:
= $3,200 × 7 days
= $22,400
How do the dynamics of the communication process shift when we move from decision- making among individuals in an organization to collaboration among multiple organizations or groups
Explanation:
The dynamics of the communication process in an organization occurs according to its structure, communication networks and technologies, can occur in a formal and informal way, through intelligent systems, telephone, meetings, in a vertical, horizontal and diagonal manner, to maintain the hierarchy that each company adopts in its processes.
Therefore, when there is collaboration between several organizations or groups, the dynamics of the communication process occurs with an organization and specific regulations, which are not the same as those that occur in the company's internal environment.
Communication is essential for the company to organize itself and the flow of information to take place effectively, and all employees have access to policies, essential information, strengthening of relationships, feedback, etc.
Through internal and external communication, the company positions itself, exchanges information that will assist in reaching its objectives and goals, builds a network, etc.
a property is purchased for 200,000 the purchase is financed by a mortgage loan of an amount equal to 80 percent ltv what is the total appreciation in house price eahp
Answer:
20%
Explanation:
Calculation for the total appreciation in house price
Since we are looking for total appreciation in house price Let new house price be P
P=200,000*80%
P=80,000
P=200,000*80%+80,000
P=240,000
Hence,
Total appreciation=240,000/200,000-1=
Total appreciation=20%
Therefore the total appreciation in house price will be 20%
Quark Corp. issues bonds on January 1, 2020 with a face value of $100,000, a coupon (stated) rate of 8%, and they mature in ten years. The market rate is 9% on January 1, 2020. The bonds sell for $93,496 and pay interest semi-annually on 6/30 and 12/31 each year. What is the amount of interest expense recognized by Quark on June 30, 2020
Answer:
$4,207.32
Explanation:
The interest expense the company would recognize for the six-month period ended 30 June 2020 is the cash proceeds from the bond issuance multiplied yield to maturity of 9% which is also adjusted to reflect six-month period rather than a full year period as shown below:
The amount of interest expense recognized by Quark on June 30, 2020=$93,496*9%*6/12
The amount of interest expense recognized by Quark on June 30, 2020=$4,207.32
The amount of interest expense recognized by Quark on June 30, 2020 is $4,207.
Using this formula
Interest expense =Bond carrying value x Market rate x Time
Where:
Bond carrying value=$93,496
Market rate=9%
Time=6/12
Let plug in the formula
Interest expense= $93,496 x .09 x 6/12
Interest expense= $4,207
Inconclusion the amount of interest expense recognized by Quark on June 30, 2020 is $4,207.
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https://brainly.com/question/22528546
"Cullumber, Inc., stock has a beta of 1.30. If the expected market return is 15.0 percent and the risk-free rate is 4.0 percent, what does CAPM indicate the appropriate expected return for Cullumber stock is? (Round answer to 2 decimal places, e.g. 52.75.)"
Answer:
14.4%
Explanation:
Using CAPM,
The Expected return = Risk free rate + Market return - Risk free rate * Beta
The Expected return = 4.0 % + 15%-4.0%*1.30
The Expected return = 4.0 % + 9.0%*1.30
The Expected return = 0.04+ (0.08*1.30)
The Expected return = 0.04 + 0.104
The Expected return = 0.144
The Expected return = 14.4%
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $9,288. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,541.17. What is the total amount of taxes withheld from the Portia's earnings
Answer:
total taxes withheld = $2,251.71
Explanation:
the journal entry to record Portia's wage expense:
Dr Wages expense 9,288
Cr Federal income taxes withheld 1,541.17
Cr FICA OASDI taxes withheld 575.86
Cr FICA Medicare taxes withheld 134.68
Cr Wages payable 7,036.29
net pay = $7,036.29
total taxes withheld = $9,288 - $7,036.29 = $2,251.71
Activity scheduling problem from the greedy algorithm class: Suppose that different activities earn different amounts of revenue. In addition to their start and finish times si and fi, each activity ai has revenue ri, and our objective is now to maximize the total revenue:
Answer:
∑[tex]r_{i}[/tex] ∈A[tex]a_{i}[/tex]
Explanation:
The goal of every business is to maximize profit. The revenue is maximized when cost of business is minimized. The different activities will incur different cost and has different start and end time of the process, the best option to maximize the revenue is the sum of activity revenue.
the common set of standards and procedures by which audited financial statements are prepared is known as
Answer:
Generally Accepted Accounting Principles
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
GAAP includes each of the following pronouncements:
Statements of Financial Accounting Standards, Accounting Research Bulletins, Accounting Principles Board Opinions.
For external reporting purposes, United States of America, Generally Accepted Accounting Principles (GAAP) allows companies to use only the traditional format of the income statement.
Hence, the common set of standards and procedures by which audited financial statements are prepared is known as generally accepted accounting principles.
Feedback control systems are (A) insensitive to both forward- and feedback-path parameter changes (B) less sensitive to feedback-path parameter changes than to forward-path parameter changes (C) less sensitive to forward-path parameter changes than to feedback-path parameter changes (D) equally sensitive to forward- and feedback-path parameter changes
Answer:
Option C
Explanation:
Feedback plays an important role in order to improve the performance of the control systems. Feedback control system can be positive and negative but positive feedback systems less widely used as the positive feedback systems are more sensitive to parameter variations but negative feedback are less sensitive to change in G than a change in H.
The ease with which resources can be adjusted in response to changes in demand, technology, products and services, and resource availability is known as:
Answer:
Process flexibility.
Explanation:
The ease with which resources can be adjusted in response to changes in demand, technology, products and services, and resource availability is known as process flexibility.
Process flexibility simply refers to the ability of a firm or company to respond to changes in the production line or manufacturing process of goods to meet the needs of their customers.
For instance, when there is a new technology in the industry, the ability of a company to switch with ease is its process flexibility.
year 3 percent 6 percent 2 year 6 percent 10 percent 20 year 12 percent 17 percent What is the implied probability of repayment on the one-year B-rated debt (i.e., in the first year)
Answer: 97.17%
Explanation:
The implied probability of repayment on the one-year B-rated debt in the first year can be calculated by the formula:
= (1 + Pure discount treasury yield in 1 year) / (1 + Corporate bond yield in 1 year)
= (1 + 3%) / ( 1 + 6%)
= 0.9716981132
= 97.17%
Problem 13-32 (LO. 2) Sea Green Enterprises reports the following assets and liabilities on its balance sheet. Net Book Value Fair Market Value Assets $600,000 $925,000 Liabilities 200,000 200,000 Sea Green has just lost a product liability lawsuit, with damages of $10,000,000 being awarded to the plaintiff. Although Sea Green will appeal the judgment, legal counsel indicates the judgment is highly unlikely to be overturned by the appellate court. The product liability insurance carried by Sea Green has a policy ceiling of $6,000,000. Assume any net assets of the company will be used to reduce the judgment. What is the amount of liability of Sea Green Enterprises and its owners if the business entity is a sole proprietorship, a partnership, a C corporation, and an S corporation
Answer:
Since the negative result of the lawsuit is extremely high, Sea Green Enterprises will probably be liquidated:
If it is a C corporation:
Sea Green will have to pay $725,000 (net assets)Its owners owe nothingIf it is an S corporation (similar to C corporation):
Sea Green will have to pay $725,000 (net assets)Its owners owe nothingIf it is a partnership:
Sea Green will have to pay $725,000 (net assets)Its owners will owe the rest = $4,000,000 - $725,000 = $3,275,000If it is a sole proprietorship:
Sea Green will have to pay $725,000 (net assets)Its owner will owe the rest = $4,000,000 - $725,000 = $3,275,000Owners of sole proprietorships and partnerships are personally liable for all the business debts. While owners of S or C corporations are not personally liable for any of the business's debts.
22. You decide finance a $12,000 car at 3% compounded monthly for 4 years. What will your monthly payments be
Answer:
$265.60
Explanation:
P0 = d(1 - (1+i/k)^-nk / (n/k) (Formula as attached to the question)
P0 = $12,000
i = 0.03
k = 12
n = 4
12,000 = d( 1 - (1+0.03/12)^-4*12) / (0.03/12)
1000 * 0.03 = d(1 - (1.0025)^48
30 = d(1 - 0.997053263)
30 = d(0.112946737)
d = 30 / 0.112946737
d = 265.6119229
d = $265.6
Hence, the monthly payment will be $265.60
1. Assume that AmerisourceBergen adjusts the LIFO reserve at the end of its quarter. Prepare the September 30, 2017, adjusting entry to record the cost of goods sold adjustment.2. If AmerisourceBergen had used FIFO to report its inventories, what would cost of goods sold have been for the quarter ended September 30, 2017?
Answer:
1. Sep 30, 2017
Dr LIFO reserve 158
Cr Cost of Goods sold 158
2. $148,756
Explanation:
1. Preparation for September 30, 2017, adjusting Journal entry to record the cost of goods sold adjustment
Sep 30, 2017
Dr LIFO reserve 158
Cr Cost of Goods sold 158
(To record Adjustment to cost of goods sold)
Calculation for cost of goods sold adjustment
Cost of goods sold=LIFO reserve in 2016 - LIFO reserve 2017
Cost of goods sold= $1,625 - $1,467
Cost of goods sold= $158
2. Calculation for what cost of goods sold would have been for the quarter ended September 30,
FIFO Cost of goods sold = (Income statement Cost of goods sold + LIFO reserve)
FIFO Cost of goods sold= $148,598 + $158
FIFO Cost of goods sold=$148,756
Therefore what cost of goods sold would have been for the quarter ended September 30 is $148,756
For financial reporting purposes, what is the total amount of product costs incurred to make 5,000 units
Answer: $80,500
Explanation:
Product Costs = Fixed Costs + Variable costs
Variable product cost = 5,000 units * (Direct materials + direct labor + Variable manufacturing overhead )
= 5,000 * (5.30 + 4.4 + 2.00)
= $58,500
Product Costs = 22,000 + 58,500
= $80,500
Larkspur, Inc. had a beginning inventory of 96 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 643 units at $9 Aug. 12 411 units at $11 May 5 480 units at $10 Dec. 8 99 units at $12 Larkspur, Inc. uses a periodic inventory system. Sales totaled 1,450 units. (a) Determine the cost of goods available for sale.
Answer:
cost of goods available for sale= $17,064
Explanation:
Giving the following information:
Beginning inventory of 96 for $8 per unit.
Purchases:
Feb. 20: 643 units at $9
Aug. 12: 411 units at $11
May 5: 480 units at $10
Dec. 8: 99 units at $12
We need to calculate the cost of goods available for sale:
cost of goods available for sale= 96*8 + 643*9 + 411*11 + 480*10 + 99*12
cost of goods available for sale= $17,064
From 2006 to 2010, per capita real gross domestic product (GDP) in China grew an average of 10.62% per year. At that rate, according to the Rule of 70, in roughly how many years will Chinese per capita real GDP double in size, beginning in 2006
Answer:
The Number of years is 6.6 years
Explanation:
The computation of the number of years in which the chinese per capita real GDP doubles is shown below:
According to the rule 70 , the calculation is as follows
= 70 ÷ 10.62
= 6.59
= 6.6 years
Here we applied the rule 70 as it defines in how many years the GDP doubles
So, the same is to be considered
On February 3, Smart Company sold merchandise in the amount of $3,900 to Truman Company, with credit terms of 3/10, n/30. The cost of the items sold is $2,725. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:
Answer and Explanation:
The journal entry is shown below:
Cash ($3,900 × 0.97) $3,783
Sales discount ($3,900 × $0.03) $117
To Account Receivable $3,900
(Being the cash receipt is recorded)
For recording this, we debited the cash and sales discount as it increased the assets and discount and at the same time it decreased the account receivable
The same is to be considered
5. Consider a 5% coupon bond with 5 years to maturity and $1,000 face value. a. What should the price of the bond be if the yield to maturity is 10% b. Alternatively assume the price of the bond is $900. What is the yield to maturity
Answer:
a. 810.46
b.7.47%
Explanation:
The yield to maturity, book yield or redemption yield of a bond or other fixed-interest security, such as gilts, is the internal rate of return earned by an investor who buys the bond today at the market
DATA
Par value = $1000
coupon = 5% x 1000 = $50
Number of Years = 5
Requirement a)
If ytm of 10%
price of Bond = PV of Coupons + PV of Par Value
price of Bond= 50*((1-(1+10%)^-5)/10%) + 1000/(1+10%)^5
price of Bond =810.46
Requirement b)
YTM using Financial Calculator
N = 5; PMT = 50; PV = -900; FV = 1000; CPT I/Y =7.47%
YTM = 7.47%
Given a perfectly competitive market structure, a firm's total fixed costs are $195, average variable costs are $4, marginal revenue is $6, and the quantity demanded is 65. Assuming the firm is a profit maximizer, what are the firm's total profits
Answer: -$65
Explanation:
The following can be deuced from the question:
Revenue: $6 × $65 = $390
Less: Variable cost = $4 × $65 = $260.
Contribution = $390 - $260 = $130
Less: fixed cost = $195
Firms profit/loss will be:
= $130 - $195
= -$65
The firm is making a loss of $65.
9. Which of the following statements is FALSE about a Class A electrician?
1 point
Can work on single phase power
O Cannot work on ampacity above 200
O Can work on three phase power
Can work on any voltage
Answer:
Work on any voltage. I belive after a certain point the voltage become a danger to even a protected electrician. Some voltages take master electricians.
Suppose you buy dinner for a total of $54.00 that includes an 8% sales tax. How much did the restaurant charge you for the dinner (excluding the tax)?
Answer:
Dinner cost= $50
Explanation:
Giving the following information:
Suppose you buy dinner for a total of $54.00 that includes an 8% sales tax.
To calculate the cost of dinner, we need to use the following formula:
Dinner cost= total cost / 1.08
Dinner cost= 54/1.08
Dinner cost= $50
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. It had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). What is Omnidata's annual estimated taxable income as of the end of the third quarter
Answer:
$300,000
Explanation:
Calculation for the annual estimated taxable income as of the end of the third quarter
Using this formula
Annual estimated taxable income=2 × (First quarter taxable income + Second quarter taxable income)
Let plug in the formula
Annual estimated taxable income=2 x ($100,000 + $50,000 )
Annual estimated taxable income=2×$150,000
Annual estimated taxable income=$300,000
Therefore the annual estimated taxable income as of the end of the third quarter will be $300,000
A company has 200,000 shares of 8% preferred stock with $10 par in its capital structure. The preferred stock currently sells for $15. The company has a tax rate of 40%. Ignore flotation costs. The cost of preferred stock used in WACC will be:
Answer:
the cost of preferred stock is 5.33%
Explanation:
The computation of the cost of preferred stock is shown below:
The cost of preferred stock is
= (Par value × dividend rate) ÷ (Share price)
= ($10 × 8%) ÷ ($15)
= ($0.8) ÷ ($15)
= 5.33%
Hence, the cost of preferred stock is 5.33%
The same is to be considered
We simply applied the above formula so that the correct cost could come
Calvin has always lived in Arizona. He owns a siding company in Arizona and in 2019 he earned $120,000 including $30,000 from a separate and distinct job in California. What amount of his income is taxable in California
Answer:
$30,000
Explanation:
Based on the information given we were told that he has always lived in Arizona in which he earned the amount of $30,000 from a separate job that he did in California which means that the amount of $30,000 that was earned in California will be subject to tax or taxable reason been that every income that is been earned in California will be subject to tax in California.
Therefore the amount of his income that is taxable in California will be $30,000
In fast food employee turnover is around 150 percent. Since it takes 6 months to train a new employee, that means most employees leave shortly after they get fully trained. One strategy to reduce or slow turnover is:
Answer:
Link compensation and benefits to the years of work.
Explanation:
High Staff turnover is a problem which modern day businesses face. The employees switch to other companies which pays them more money or offers more benefits than current employment. In fast food chain employees turnover is very high. It cost high to train a new employee so the benefits that a company offers to its employees should be linked to their performance and years of stay at the organization.