Answer:
the annual inventory turn is 48.09
Explanation:
The computation of the annual inventory turns is shown below:
Annual inventory turn
= Number of days in a year ÷ Number of days of inventory
= 365 days ÷ 7.59 days
= 48.09
We simply applied the above formula and the same is to be considered
hence, the annual inventory turn is 48.09
By dividing the total days from the inventory days we can get the annual inventory turn
g.If closing costs of $1,950 are associated with the refinance of a mortgage that would reduce the monthly payment from $890 to $780, it would take approximately ____ months to cover these costs/homework-help/questions-and-answers/amount-mortgage-person-eligible-larger-payment-lower-debt-obligations-higher-value-collate-q50612908
Answer:
17.73
Explanation:
Calculation for the amount to cover these costs
Using Simple Payback Method
First step is to calculate the reduction in the monthly payment
Monthly payment reduction=(890-780)
Monthly payment reduction= 110
Last step is to calculate how many months it will take to cover the costs
Months to cover costs=(1,950/110)
Months to cover costs= 17.73
Therefore it would take approximately 17.73 months to cover these costs
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
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.
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.
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.
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In order to produce a new product, a firm must lease equipment at a cost of $165,000 per year. The managers feel that they can sell 63,000 units per year at a price of $88. What is the highest variable cost that will allow the firm to at least break even on this project
Answer:
$85.38 = unitary variable cost
Explanation:
Giving the following information:
Fixed costs= $165,000 per year.
Break-even point in units= 63,000 units
Selling price= $88
To calculate the unitary variable cost, we need to use the following formula:
Break-even point in units= fixed costs/ (selling price - unitary variable cost)
63,000= 165,000 / (88 - unitary variable cost)
63,000*88 - 63,000*unitary variable cost = 165,000
5,544,000 - 63,000unitary variable cost = 165,00
5,379,000/63,000 = unitary variable cost
$85.38 = unitary variable cost
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:
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
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.
What type of expense would be shown on an income statement when the owner of a dirt racing track promoted an upcoming race by purchasing advertising time on a local radio station
Answer:
operating expense
Explanation:
The owner of the racing track spent money in advertising, and advertising expense is a type of operating expense. There are two main types of operating expenses: sales expenses and general and administrative expenses.
Sales expenses include advertising expenses, distribution costs, sales commissions, etc. While general and administrative expenses include administrative salaries, office expenses, etc.
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%
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%
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%
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
An options strategy where the maximum potential loss is equal to the difference between the increase in value of the underlying short securities position and the premiums received is a:__________
a) naked call writer
b) Covered call writer
c) naked put writer
d) Covered put writer
Answer:
(B) Covered Call Writer
Explanation:
TOPIC: TRADING & INVESTMENT
An options strategy where
Maximum Potential Loss = [Increase in value of underlying short securities - Premiums Received]
is a covered call writer.
The maximum possible loss per stock or security, in a covered call sale or write, is given by the difference between the increased price/value of underlying short securities and the option premium received from the sale of a call option on the same security.
What's the purpose of a credit report?
A. To provide customers with information about the fees associated
with a credit card account
B. To help banks determine if people should be given a loan or credit
card
c. To make it easier for consumers to obtain loans to make major
purchases
D. To enable the IRS to check the accuracy of taxpayers' tax return
forms
To help banks determine if people should be given a loan or credit card: purpose of a credit report. Thus, option B is the correct option.
What is credit report?A credit report is a document that contains details on your credit history, credit use, and other aspects of your credit behavior and circumstances. The majority of individuals have several credit reports. Creditors such as lenders, credit card issuers, and other financial institutions send financial information about you to credit reporting firms, commonly referred to as credit bureaus or consumer reporting agencies, who then collect and store it.
It is not necessary for creditors to report to all credit reporting agencies. These reports are used by lenders to determine whether to lend you money and what interest rates to charge you. Your credit report is also used by lenders to assess whether you will continue to adhere to the conditions of an existing credit account.
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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)
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 company produces a single product. Assuming a beginning inventory of 0, production of 6000 units and sales of 5,600 units, the dollar value of the ending inventory under variable costing would be
Answer:
$8,400
Explanation:
The computation of the dollar value of the ending inventory under variable costing is shown below:
The value of the ending inventory is
= (Production units - sales units) × variable production cost
= (6,000 units - 5,600 units) × $21
= $8,400
We simply applied the above formula
And, the same is to be considered
If current assets are $120,000, total assets are $600,000, current liabilities are $60,000, long-term debt is $340,000, and total liabilities are $400,000, what is the current ratio?
a. 1.5 to 1
b. 1.76 to 1
c. 2 to 1
d. None of the above
Answer:
C. 2 to 1
Explanation:
The formula for current ratio is
Current ratio = Current assets / Current liabilities.
Given that ;
Current assets = $120,000
Current liabilities = $60,000
Therefore,
Current ratio = $120,000 / $60,000
Current ratio = 2 to 1.
It therefore means that the current ratio is 2 to 1.
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.
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
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
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.
You are pleased to see that you have been given a raise this year. However, you read on the Wall Street Journal Web site that inflation over the past year has been . How much better off are you in terms of real purchasing power?
Answer:
The better off could be done by 3.758741%
Explanation:
The computation is shown below:
As we know that
Nominal Rate = n = 6.83%
Real Rate = R
Inflation = i = 2.96%
Also,
(1 + n) = (1 + R) (1 + i)
So,
(1.0683) = 1.0296 × (1 + R)
R = 3.758741%
Hence, the better off could be done by 3.758741%
We simply applied the above formula
The same is to be considered
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
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.
Why is it important to understand all the ownership rights associated with real estate and give an example of how a potential conflict of these rights may affect the value of real estate.
Answer: understanding ownership resources rights associated with real estate is crucial so that one understands the use and service of those resources found in that property or land.
Explanation: understanding who own a certain real estate means you know who owns the right to either give that certain place for rent and who doesn't otherwise of there is mist understand it can create problems in terms of conflict over certain property , where one individual who doesn't own the land or property feels like they can actual rent it out.
Payday loans are very short-term loans that charge very high interest rates. You can borrow $200 today and repay $210 in one week. What is the effective annual rate (EAR) implied by this 5 percent rate charged for only one week
Answer:
effective annual rate = 1164.28%
Explanation:
effective annual rate = (1 + i)ⁿ - 1
i = weekly interest rate = 5%n = number of weeks in a year = 52 weekseffective annual rate = (1 + 0.05)⁵² - 1 = 12.6428 - 1 = 11.6428 = 1164.28%
Sadly this question is probably taken from a real world case. Payday loans are infamous for their extremely high interest rates. They can help someone cover some immediate expense, but their customers are digging their financial graves. That is why they are forbidden in many states.
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%