Answer:
E) all of the above
Explanation:
THIS ARE THE OPTIONS FOR THE QUESTION BELOW
A) chemistry and physics
B) industrial engineering and management science
C) biology and anatomy
D) information technology
E) all of the above
Operations management can be regarded as administration of business practices which brings about creation
of highest level of efficiency that can be created within an organization. It is responsible for conversion of materials as well as labor to goods/services so that profit can be maximized efficiently
in an organization. It should be noted that The field of operations management is shaped by advances in fields such as ;
✓chemistry and physics
✓management science
✓ biology and anatomy
✓information technology
✓Industrial engineering
TB MC Qu. 16-98 At the beginning of the recent... At the beginning of the recent period, there were 1,020 units of product in a department, 35% completed. These units were finished and an additional 5,400 units were started and completed during the period. 960 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were: Multiple Choice
Answer:
I will need more information
Explanation:
Which task is most suitable for creating an algorithm?
saving time writing a report
explaining how to set up a mobile phone for use
choosing photos to put on a website
finding the best of three suggested routes to drive to a concert
Answer:
finding the best of three suggested routes to drive to a concert
Answer:
D. finding the best of three suggested routes to drive to a concert
Explanation:
thank the other person :)
Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $1 million. Its depreciation and capital expenditures will both be $300,000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $50,000 over the next year. Its tax rate is 25%. If its WACC is 10% and its FCFs are expected to increase at 4% per year in perpetuity, what is its enterprise value
Answer:
$9,166,666.67
Explanation:
The computation of the enterprise value is given below
But before that next year free cash flow is
= (Earnings before interest and taxes (EBIT) × (1 - tax rate) ) +depreciation -capital expenditures - working capital
=$1,000,000 × (1 - 40%)) +$300,000 - $300,000 - $50,000
= $550,000
Now the enterprise value is
= Free cash flow ÷ (WACC - growth rate)
= $550,000 ÷ (10% - 4%)
= $9,166,666.67
The information below pertains to Basselier, Inc.:
For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the following:
Carrying Amount Tax Basis Future Taxable
or (Deductible)
Amount Buildings and equipment $69,000,000 $53,100,000 $15,900,000
Prepaid insurance 1,900,000 0 1,900,000
Liability-loss contingency 10,900,000 0 (10,900,000)
No temporary differences existed at the beginning of the year. Pretax accounting income was $390,000,000 and taxable income was $129,000,000 for the year and the tax rate is 40%. Permanent differences are the cause of any difference between pretax accounting income and taxable income that are not due to temporary differences.
Instructions:
Prepare one journal entry to record the tax provision for the current year. Provide supporting computations.
Answer and Explanation:
The journal entry to record the tax provision is given below:
Income tax expenses $48,840,000
Deferred tax assets ($10,900,000 ×0.40) $4,360,000
To Deferred tax liability (($15,900,000 + $1,900,000)×0.40) $7,120,000
To Income tax payable ($129,000,000 ×0.40) $51,600,000
(To record income tax expenses)
Here the income tax expense and deferred tax asset should be debited as it increased the asset and expenses and credited the liability & tax payable as it increased the liability
At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $45,000. The estimated residual value was $5,000. Assume that the estimated useful life was four years, and the estimated productive life of the machine was 400,000 units. Actual annual production was as follows:
Year Units
1 120000
2 90000
3 110000
4 80000
Required:
Complete a separate depreciation schedule for each of the alternative methods. (Do not round your intermediate calculation.)
a. Double-declining-balance.
b. Units-of-production.
c. Straight-line.
Answer:
See the attached excel file for the depreciation schedule for the three alternative methods.
Explanation:
a. Double-declining-balance.
Note: See part a of the attached excel file for the depreciation schedule for Double-declining-balance method.
In the attached excel file, the depreciation rate used for the Double-declining-balance method is calculated as follows:
Straight line depreciation rate = 1 / Estimated useful life = 1 / 4 = 0.25, or 25%
Double-declining depreciation rate = Straight line depreciation rate * 2 = 25% * 2 = 50%
b. Units-of-production.
Note: See part b of the attached excel file for the depreciation schedule for Units-of-production method.
c. Straight-line.
Note: See part b of the attached excel file for the depreciation schedule for Straight-line method.
In the attached excel file, the depreciation rate used for the Straight-line method is calculated as follows:
Straight line depreciation rate = 1 / Estimated useful life = 1 / 4 = 0.25, or 25%
The Shasti Corporation reported the following for the year ending December 31, 20X1: Service cost: $142,610 Plan assets, January 1, 20X1: $1,200,000 Prior service cost amortization: $21,150 Expected return on plan assets: 9% Actual return on plan assets: 8.5% Pension expense: $175,760 Actuarially determined discount rate: 8% What was the projected benefit obligation on January 1, 20X1
Answer:
$1,500,000
Explanation:
Calculation to determine What was the projected benefit obligation on January 1, 20X1
Using this formula
Projected benefit obligation on January 1, 20X1=Interest cost ÷Actuarially determined discount rate
Projected benefit obligation on January 1, 20X1=(10%*$1,200,000)/0.08
Projected benefit obligation on January 1, 20X1=$120,000/0.08
Projected benefit obligation on January 1, 20X1=$1,500,000
Therefore the projected benefit obligation on January 1, 20X1 is $1,500,000
business economics Que
•unilateral flows in the balance of payment account refer to 1- capital flows
2-visible goods flow
3-gifts and grants
4-invisible flow of services
Answer:
Diapers are a pricey
Explanation:
Diapers are a pricey, essential item for parents. Now, they're getting even more expensive, hurting low-income families already struggling with the pandemic's economic woes.Disposable diaper prices rose 8.7% during the year ending April 10, according to the latest numbers from NielsenIQ, which tracks point of sale data from retailers. Diaper makers recently said they are planning additional price increases, which may further stretch low-income families' budgets if stores choose to pass on the hikes.#accelerationism
Which of the following is true about Likert Scale?
Select one:
a. Respondents indicate how strongly they agree or disagree with a statement
b. The scale doesn't reveal respondent's attitude
c. Scores are not assigned to possible responses
d. The scale doesn't need a pretest for an item analysis
Answer:
A
Explanation:
The Likert Scale is a 5 -point psychometric scale used in questionnaire.
The scale was invented by Rensis Likert
The 5 points are :
Strongly agreeagreeundecideddisagree strongly disagreeAdvantages of the Likert scale
it gives respondents more options instead of yes or nomore options make it more easy to analyse dataDisadvantages of the Likert scale
respondents can lie on the questionnaireAnswer:
a. Respondents indicate how strongly they agree or disagree with a statement
Explanation:
A likert scale is used to determine people's attitude towards a particular topic. It uses scores on the scale to evaluate how strongly a person agrees with a particular subject matter.
The scale is from 1 to 5.
1 - strongly disagree
2 - disagree
3 - neutral
4 - agree
5 - strongly agree
This type of scale is used for website surveys, customer surveys, and so on to gauge perceptions, feelings and insights of the target population
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is:____
Direct materials used $74,000
Direct labor used $136,100
Pre-determined overhead rate
(based on direct labor) 120%
Goods transferred to
finished goods $444,000
Cost of goods sold $456,000
Credit sales $831,600
A. Debit Accounts Receivable $831,600; credit Cost of Goods Sold $831,600.
B. Debit Accounts Receivable $831,600; credit Sales $375,600; credit Finished Goods Inventory $456,000.
C. Debit Cost of Goods Sold $456,000; credit Sales $456,000.
D. Debit Finished Goods Inventory $456,000; debit Sales $831,600; credit Accounts Receivable $831,600; credit Cost of Goods Sold $456,000.
D. Debit Accounts Receivable $831,600; credit Sales $831,600; debit Cost of Goods Sold $456,000; credit Finished Goods Inventory $456,000.
Answer: Debit Accounts Receivable $831600; credit Sales $831600; debit Cost of Goods Sold $456,000; credit Finished Goods Inventory $456,000.
Explanation:
Based on the information given, the journal entry to record June sale will be:
Debit Accounts Receivable $831,600;
Credit Sales $831,600;
Debit Cost of Goods Sold $456,000;
Credit Finished Goods Inventory $456,000.
Data related to the inventories of Kimzey Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies Equipment Supplies Selling price $ 325 $ 185 $ 405 $ 230 Cost 235 155 315 227 Replacement cost 305 145 300 223 Costs to sell 56 18 38 36 Normal gross profit ratio 20 % 20 % 20 % 30 % In applying the lower of cost or market rule, the inventory of surgical equipment would be valued at:
Answer:
The inventory of surgical equipment would be valued at $204.
Explanation:
The data given in the question are first sorted as follows:
Surgical Surgical Rehab Rehab
Equipment Supplies Equipment Supplies
Selling price $ 325 $ 185 $ 405 $ 230
Cost 235 155 315 227
Replacement cost 305 145 300 223
Costs to sell 56 18 38 36
Normal gross profit ratio 20 % 20 % 20 % 30 %
The value of the inventory of surgical equipment can now be calculated as follows:
Ceiling = Net realizable value = Selling price - Costs to sell = $325 - $56 = $269
Floor = Net realizable value - Normal gross profit ratio = $269 - (325 * 20%) = $204
Replacement cost = $305
Market is the middle value of ceiling, floor and replacement cost.
Market value = Flor $204
Cost = $235
Lower of cost or market = $204
Therefore, the inventory of surgical equipment would be valued at $204.
Manchester Company sells equipment on June 1, 2021, for $222,400 cash. Manchester incurred $1,280 of removal and selling costs on disposal. The equipment cost $400,000 when it was purchased on January 2, 2018. Its estimated residual value and useful life were $64,000 and 10 years, respectively. Manchester uses straight-line depreciation and records annual depreciation on each December 31.a. Prepare the journal entries needed to record the asset disposal on June 1, 2021.b. Record the journal entries if the equipment were abandoned (zero fair value) on June 1, 2021.Note: Record debit accounts in alphabetical order using the first letter of the account name.
Answer:
A. June 1, 2021
Dr Depreciation Expense $14,000
Cr Accumulated Depreciation-Equipment $14,000
June 1, 2021
Dr Cash $221,120
Dr Accumulated Depreciation-Equipment $114,800
Dr Loss on Sale of Equipment $64,080
Cr Equipment $400,000
June 1, 2021
Dr Depreciation Expense $14,000
Cr Accumulated Depreciation-Equipment $14,000
June 1, 2021
Dr Accumulated Depreciation-Equipment $114,800
Dr Loss on Sale of Equipment $285,200
Cr Equipment $400,000
Explanation:
a. Preparation of the journal entries needed to record the asset disposal on June 1, 2021
First step is to calculate the Annual depreciation under straight line using this formula
Annual depreciation under straight line = (Cost - Residual Value)/Useful life
Let plug in the formula
Annual depreciation under straight line= ($400,000 - $64,000)/10 yrs
Annual depreciation under straight line = $33,600 per year
Second step is to calculate the Depreciation charged from Jan 2, 18 to Dec 31, 2020
Depreciation charged from Jan 2, 18 to Dec 31, 2020 = $33,600*3 yrs
Depreciation charged from Jan 2, 18 to Dec 31, 2020 = $100,800
Third step is to calculate the Depreciation from Jan 1, 2021 to June 1, 2021
Depreciation from Jan 1, 2021 to June 1, 2021
Depreciation from Jan 1, 2021 to June 1, 2021= $33,600*5/12 = $14,000
Now let Prepare the Journal entries
June 1, 2021
Dr Depreciation Expense $14,000
Cr Accumulated Depreciation-Equipment $14,000
(To update depreciation)
June 1, 2021
Dr Cash ($222,400-$1,280) $221,120
Dr Accumulated Depreciation-Equipment ($100,800+$14,000) $114,800
Dr Loss on Sale of Equipment (400,000-221,120-$114,800) $64,080
Cr Equipment $400,000
(To record the disposal of equipment)
b) Preparation to Record the journal entries if the equipment were abandoned on June 1, 2021.
June 1, 2021
Dr Depreciation Expense $14,000
Cr Accumulated Depreciation-Equipment $14,000
(To update depreciation)
June 1, 2021
Dr Accumulated Depreciation-Equipment (100,800+$14,000) $114,800
Dr Loss on Sale of Equipment ($400,000-$114,800) $285,200
Cr Equipment $400,000
(To record the disposal of equipment)
The following information is available for the Gabriel Products Company for the month of July: Static Budget Actual Units 5,000 5,100 Sales revenue $60,000 $58,650 Variable manufacturing costs $15,000 $16,320 Fixed manufacturing costs $18,000 $17,000 Variable marketing and administrative expense $10,000 $10,500 Fixed marketing and administrative expense $12,000 $11,000 The total sales-volume variance for operating income for the month of July would be Group of answer choices $700 favorable $2,550 unfavorable $100 favorable $1,350 unfavorable
Answer: $700 Favorable
Explanation:
Total sales-volume variance = (Actual units - Static budget units) * (Contribution margin per unit of Static budget)
Contribution margin per unit of Static budget = ( Sales - Variable manufacturing costs - Variable marketing and administrative expenses) / Static units
= (60,000 - 15,000 - 10,000) / 5,000
= $7 per unit
Sales-volume variance = (5,100 - 5,000) * 7
= $700 Favorable
Actual sales are higher than budgeted sales so this is FAVORABLE.
A $64,000 machine with a 6-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with a new machine costing $89,000, with a 10-year class life. The new machine will not increase sales, but will decrease operating costs by $14,000 per year. Simplified straight line depreciation is employed for both machines, and the marginal corporate tax rate is 34 percent. What is the incremental annual cash flow associated with the project
Answer:
$8,639
Explanation:
The computation of the incremental annual cash flow is shown below:
= Increase in cash flows due to decrease in expenses × (1 -tax rate)+ Depreciation benefit × tax rate
= $14,000 × (1 - 0.34) + -$1,767 × (0.34)
= $9,240 - $600.78
= $8,639
Working note
Depreciation benefit = Depreciation on new machine - Depreciation on the old machine
= $89,000 ÷ 10 years - $64,000 ÷ 6 years
= $8,900 - $10,667
= -$1,767
What is the cause of prices dropping?
Answer:
When prices drop people usually go buy it even if it is a little drop.
Explanation:
They go because of a phycological difference in price.
Answer:
PEople buy it
Explanation:
Shimada Products Corporation of Japan plans to introduce a new electronic component to the market at a target selling price of $15 per unit. The company is investing $5,000,000 to purchase the equipment it needs to produce and sell 300,000 units per year. Its required rate of return on all investments is 12%. Required: Compute the component’s target cost per unit.
Answer: $13 per unit
Explanation:
Thw following information can be gotten from the question:
Sales = 300000 × $15 = $4,500,000
Less: Expected profit = 12% × 5,000,000 = 600,000
Target cost = $3,900,000
Since there are 300000 units, the component’s target cost per unit will be:
= Target cost / Total units
= $3900000 / 300000
= $13 per unit
The chief executive of Goldman Sachs, Lloyd Blankfein, said in 2009 that banks serve a social purpose and are "doing God’s work. We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It’s a virtuous cycle." On the other hand, Goldman Sachs earned around $12 billion and would hand out more than $16 billion in year-end bonuses. The average employee earned $500,000 for the year. Despite the rhetoric, Blankfein’s leadership was probably
Question Completion with options:
O transformational
O transactional
O contingency-based leadership
Answer:
Lloyd Blankfein's Leadership at Goldman Sachs
Despite the rhetoric, Blankfein’s leadership was probably:
O transactional.
Explanation:
Transactional leadership can be contrasted with transformational leadership because of their different focus. Transactional leadership favors a process and control management structure that elicits compliance. Compliance is rewarded while non-compliance is punished. On the other hand, transformational leadership inspires followership with a high degree of communication strategy coordinating activities and engendering a cooperative spirit. Contingency-based leadership is situational and advocates that leadership style should be dictated by prevailing circumstances.
Goldman Sachs chief executive Lloyd Blankfein's leadership was probably transactional which involved a system of rewards and punishments to inspire its followers.
What is Transactional Leadership?This type of leadership uses a system of rewards and punishments to inspire its followers. Control, organization, and short-term planning are characteristics of transactional leadership.
Transactional leadership can be contrasted with transformational leadership because of its different focus.
Transactional leadership favors a process and control management structure that elicits compliance. Compliance is rewarded while non-compliance is punished.
On the other hand, transformational leadership inspires followership with a high degree of communication strategy coordinating activities and engendering a cooperative spirit.
Contingency-based leadership is situational and advocates that leadership style should be dictated by prevailing circumstances.
Hence, Despite the rhetoric, Blankfein's leadership was probably Transactional.
To learn more about transformational leadership, refer to the link:
https://brainly.com/question/25626701
Aspen Company estimates its manufacturing overhead to be $891,000 and its direct labor costs to be $540,000 for year 2. Aspen worked on three jobs for the year. Job 2-1, which was sold during year 2, had actual direct labor costs of $168,000. Job 2-2, which was completed, but not sold at the end of the year, had actual direct labor costs of $293,000. Job 2-3, which is still in work-in-process inventory, had actual direct labor costs of $118,000. Actual manufacturing overhead for year 2 was $960,000. Manufacturing overhead is applied on the basis of direct labor costs.
Required:
A. How much overhead was applied to each job in year 2?
B. What was the over- or underapplied manufacturing overhead for year 2?
Answer:
See below
Explanation:
First, we need to calculate the predetermined overhead rate.
Predetermined manufacturing overhead rate = Total estimated overhead costs for the period / Total amount of allocation base
Predetermined manufacturing overhead rate = 891,000/540,000 = $1.65 per direct labor dollar
We will now allocate overhead to each job
Allocated MOH = Estimated manufacturing overhead rate × Actual amount of allocation base
Job 2-1 = $1.65 × $168,000 = $277,200
Job 2-2 = $1.65 × $293,000 = $483,450
Job 2-3 = $1.65 × $118,000 = $194,700
Total allocated overhead = $955,350
The under/over allocation overhead
Under/over applied overhead
= Real overhead - Allocated overhead
Under/over applied overhead
= $960,000 - $955,350
= $4,650
The Elmo Company purchased equipment on January 1, Year 1 at a cost of $26,000. The equipment was estimated to last for 8 years and have a salvage value of $2,000. At the end of Year 5, it was determined that the total useful life of the equipment was really 11 years, and the salvage value was expected to remain unchanged. The firm uses the straight-line method of depreciation.
a. What amount of depreciation was recorded for the equipment in year 1?
b. What was the amount of the depreciation expense recorded in year 6?
Answer:
The Elmo Company
a. The amount of the depreciation expense recorded in year 1 = $3,000
b. The amount of the depreciation expense recorded in year 6 = $1,500
Explanation:
a) Data and Calculations:
Cost of equipment on January 1, Year 1 = $26,000
Estimated useful life = 8 years
Salvage value = $2,000
Depreciable amount = $24,000 ($26,000 - 2,000)
Annual depreciation expense = $3,000 ($24,000/8)
Accumulated depreciation after 5 years = $15,000 ($3,000 * 5)
Net book value after 5 years = $11,000
Sixth year appraisals:
Remaining useful life = 6 years
Salvage value = unchanged at $2,000
Depreciable value = $9,000 ($11,000 - 2,000)
Annual depreciation expense = $1,500 ($9,000/6)
You received a request to create an urgent presentation with predesigned and preinstalled elements. Which option will you use?
You will use the------------option to create an urgent presentation using predesigned and preinstalled elements.
Answer:
Template
Explanation:
A TEMPLATE can be seen as a document that has already been previously designed and formatted which enables a person or an individual to easily create his or her own presentation or a requested emergency presentation instead of starting to create the presentation from the beginning or from the scratch which will inturn help to save a lot of time thereby leading to efficiency.
Therefore based on the information given the option a person or an individual will you use to help create an urgent presentation is called TEMPLATE.
Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $550. If an amount box does not require an entry, leave it blank. fill in the blank 34ed1d068fd9f9a_2 fill in the blank 34ed1d068fd9f9a_3 fill in the blank 34ed1d068fd9f9a_5 fill in the blank 34ed1d068fd9f9a_6 b. The amount of cash in the petty cash fund is $190. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $211 and miscellaneous selling expense, $133. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank. fill in the blank d87119f87056fd0_2 fill in the blank d87119f87056fd0_3 fill in the blank d87119f87056fd0_5 fill in the blank d87119f87056fd0_6 fill in the blank d87119f87056fd0_8 fill in the blank d87119f87056fd0_9 fill in the blank d87119f87056fd0_11 fill in the blank d87119f87056fd0_12
Answer:
A. Dr Petty Cash $550
Cr Cash $550
B..Dr Store Supplies $211
Dr Miscellaneous Selling Expense $133
Dr Cash Short and Over $16
Cr Cash $360
Explanation:
A. Preparation of the Joural entry if Issued a check to establish a petty cash fund of $550
Dr Petty Cash $550
Cr Cash $550
(To record creation of petty cash)
(b)
Dr Store Supplies $211
Dr Miscellaneous Selling Expense $133
Dr Cash Short and Over $16
($550-$211-$133-$190)
Cr Cash $360
($211+$133+$16)
(To record expense and replenish the petty cash)
briefly describe the term budget
Answer:
A budget is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities, and cash flows. Companies, governments, families, and other organizations use it to express strategic plans of activities or events in measurable terms.
Why is pricing such an important function of marketing
Answer:
Capitalism
Explanation:
We live in a SocietyAria Perfume, Inc., sold 3,210 boxes of white musk soap during January of 2021 at the price of $90 per box. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 3% of sales will be returned. How many performance obligations are there in each sale of a box of soap
Answer:
Aria Perfume, Inc.
There are two performance obligations involved in each sale of a box of soap.
Explanation:
a) Data and Calculations:
Number of boxes of white musk soap sold during January 2021 = 3,210
Sales price per box = $90
Performance Obligations:
Sale of box = $87.30 (97%)
Refund for returned boxes = $2.70 (3%)
Total Sales revenue to be accounted for = $280,233
Total refund expense to be accounted for = $8,667
Cash receipts should total = $288,900
b) The performance obligations are for the sale of a box of soap (97%) and refund (3%). With a sales price of $90 per box, the sales obligation should be $87.30 per box, while the refund obligation has $2.70 per box, which must be provided and accounted for separately.
Dobler Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 300 $5 $1500 Purchase, 1/15/2022 150 ..5.3 795 Purchase, 1/28/2022 150 ..5.5 825 An end of the month (1/31/2022) inventory showed that 240 units were on hand. If the company uses LIFO, what is the value of the ending inventory
Answer:
$2,405
Explanation:
LIFO assumes that the units to arrive last will be sold first. Therefore the value of ending inventory is based on the earlier (old) prices.
Ending Inventory = 240 units x $5 = $2,405
Q 14.6: Morris Enterprises has 5,000 shares of 5.5%, $100 par value cumulative preferred stock and 100,000 shares of $10 par value common stock. In 2018, Morris paid the preferred dividend and $25,000 in dividends to common stockholders. In 2019, Morris paid no cash dividends to stockholders. In 2020, Morris has declared a cash dividend totaling $75,000. How much in cash dividends will common stockholders receive in 2020
Answer:
Dividend paid to be paid to common stockholder=$ 20,000
Explanation:
Common stock holders are the real risk bearers as they receive as dividends the residual amount after all other claims have been settled.
Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares
Cumulative preference shares: Cumulative simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/
Preference dividends
2019 - 5.5% × $100 × 5,000= $27500
2020 - 5.5% × $100 × 5,000 = $27500
Total preferred to be paid in 2020 = 55,000
Dividends paid to common stock = Total dividend for 2020- Total preference dividend in 2020
Dividend paid to be paid to common stockholder
= 75,000-55,000= 20,000
Dividend paid to be paid to common stockholder=$ 20,000
Multiple Choice Question Mahan Corporation expects total sales to increase by 20% over the next year. The corporation has no spare capacity and must increase plant and equipment by 20%. The corporation currently has $100,000 in assets, $40,000 in debt, and $60,000 in equity. The corporation desires to maintain the debt-equity ratio. The corporation's debt will be _____. Multiple choice question. $72,000 $40,000 $60,000 $48,000
Answer:
$48,000
Explanation:
The computation of the corporation debt is shown below:
Since the asset is increased by 20%
The present asset is $100,000
ANd, the increased assets is
= $100,000 + $100,000 × 0.20
= $100,000 + $20,000
= $120,000
Now the debt is
= $120,000 × 0.4
= $48,000
hence, the last option is correct
Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 11 ounces of wax is required for each candle. The estimated January 1 wax inventory is 17,400 pounds. The desired January 31 wax inventory is 12,900 pounds. If candle wax costs $1.40 per pound, determine the direct materials purchases budget for January. (One pound
Answer:
696,325 Pounds
Explanation:
The computation of the direct material purchase budget is given below:
Here we assume that
one pound = 16 ounces
Now total wax needed is
= Production of Finished Goods × Pounds of wax needed for production
= 730,000 candles × 11 ÷ 16
= 501,875 pounds
Now
Total direct material purchased = (Total Wax needed + Ending Inventory, Jan.31 - opening inventory) × unit price
= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound
= 696,325 Pounds
Consider three investment plans at an annual rate of 9.38%.
Investor A: Invest $2000 per year for the first 10 years of your career. After that, make no further investments, but reinvest the amount accumulated for the next 31 years.
Investor B: Do nothing for the first 10 years. Then start investing $2000 per year for the next 31 years.
Investor C: Invest $2000 per year for the entire duration.
Note that all investments are made at the beginning of each year, the first deposit will be made today at the beginning of age 25 (n=1), and you want to calculate the balance at age of 65 (n=41).
Answer:
Investor A = $545216 .
Investor B = $352377
Investor C = $897594
Explanation:
Annual rate ( r ) = 9.38%
N = 41 years
Calculate the balance at age of 65
1) For Investor A
balance at the end of 10 years
= $2000 (FIA, 9.38 %, 10) (1 + 0.0938) ≈ $33845
Hence at the end of 65 years ( balance )
= $33845 (FIP, 9.38 %, 31) ≈ $545216 .
2) For investor B
at the age of 65 years ( balance )
= $2000 (FIP, 9.38%, 31) = $322159 x (1 + 0.0938) ≈ $352377
3) For Investor C
at the age of 65 years ( balance )
= $2000 (FIP, 9.38%, 41) = $820620 x (1 + 0.0938) ≈ $897594
Identify Ten (10) Differences that exist Between
Personal consumers and organisational Consumers.
Explanation:
Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.
13. You are considering the purchase of two different insurance annuities. Annuity A will pay you $16,000 at the beginning of each year for 8 years. Annuity B will pay you $12,000 at the end of each year for 12 years. Assuming your money is worth 7%, and each costs you $75,000 today, which would you prefer
Answer:
The present value of Annuity is 102,228 which is higher than that of Annuity B - $95,312 Hence, Annuity is preferable.
Explanation:
To determine which to go for, we would calculate the present value of insurance investment discounted at the at the rate of 7%.
The PV of the insurance annuities would be done as follows:
PV of annuity A
The number of payments would be 20 installments. Please be mindful not to say 19. Remember the first the payment occurs in year 4 which is inclusive.
PV = A + A × 1- ( (1+r)^(-n))/r
A- annual payment
r- rate of return
n- number of years
PV = 16,000 + 16,000 × (1- 1.07^(-7) )/0.07 = $102,228.63
PV of annuity B
PV = 12,000× (1-1.07^(-12)/0.07) = $95,312.24
The present value of Annuity is 102,228 which is higher than that of Annuity B - $95,312 Hence, Annuity is preferable.