Answer:
2020 GDP per person for Hare
2020GDP = 1950GDP*(1+growthrate)^70
2020GDP = 1,000*(1+0.04)^70
2020GDP = 1,000*(1.04)^70
2020GDP = 1,000*15.5716183502
2020GDP = 15571.6183502
2020GDP = 15571.62
Hence, the 2020 GDP per person for Hare is predicted to be 15571.62
2020 GDP per person for Tortoise
2020GDP = 1950GDP(1+growthrate)^70
2020GDP = 1,000*(1+0.03)^70
2020GDP = 1,000*(1.03)^70
2020GDP = 1,000*7.91782191212
2020GDP = 7917.82191212
2020GDP = 7917.82
Hence, the 2020 GDP per person for Tortoise is predicted to be 7917.82.
Whereas product champions are willing to violate procedures and operate outside normal channels, ________ gather hard data and develop a strong case for why a project should be killed.
Answer:
exit champion
Explanation:
Project champions usually seen in between the project manager and the team working von that particular project. they could be Exit champion as well as Product champion. It should be noted where product champions are willing to violate procedures and operate outside normal channels, the Exit champion gather hard data and develop a strong case for why a project should be killed.
Modern Company has four divisions. The budgeted revenues and expenses for each division for 2021 follows:
Division
A
B
C
D
Sales
$504,000
$948,000
$960,000
$1,240,000
Cost of goods sold
440,000
930,000
765,000
925,000
Selling & admin costs
96,000
202,500
144,000
210,000
Operating income (loss)
$(32,000)
$(184,500)
$51,000
$105,000
Further analysis of costs reveals the following percentages of variable costs in each division:
A
B
C
D
Cost of goods sold
90%
80%
90%
85%
Selling & admin costs
50%
50%
60%
60%
Closing down any division would result in a savings of 40% of the fixed costs of that division.
Required:
1. Calculate the increase or decrease in operating income if Modern Company closes division B using the below table:
Item
2. What factors should the top management of Modern Company consider before making a decision.
Answer:
b..................................................... ...............
Explanation:
.........................
you can purchase commercial paper of a major american corporation for $4,950,000. the paper has a face value of $5,000,000 and is 45 days from maturity. Calculate the discount yeidl on the instrument
Answer:
8%
Explanation:
Discount Yield (D) = (F - P)/F * 360/n
Discount Yield (D) = (5,000,000 - 4,950,000)/5,000,000*(360/45)
Discount Yield (D) = 50,000/5,000,000 * 8
Discount Yield (D) = 0.01*8
Discount Yield (D) = 0.08
Discount Yield (D) = 8%
During year 1, the Commander Corporation acquired 3 pieces of machinery at an auction for a lump sum price of $240,000. In addition, Commander paid $12,000 to have the machines installed. An appraisal disclosed the following values: Machine A $ 50,000 Machine B $ 150,000 Machine C $ 100,000 What costs should be assigned to Machines A, B, and C, respectively
Answer:
$42,000, $126,000, and $ 84,000.
Explanation:
The computation of cost assigned for each of the machines is as follows:
Allocation of the ratio is
Machine A $50,000 1
Machine B $150,000 3
Machine C $100,000 2
i.e.
1:3:2
Now the allocation is
For machine A
= ($240,000 + $12,000) × 1 ÷ 6
= $42,000
For machine B
= ($240,000 + $12,000) × 3 ÷ 6
= $126,000
For machine B
= ($240,000 + $12,000) × 2 ÷ 6
= $84,000
A business pays weekly salaries of $30100 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on a Thursday is
Answer and Explanation:
The adjusting entry would be
Salaries and Wages Expense $24,080 ($30,100 ÷ 5 days × 4 days)
To Salaries and Wages Payable $24,080
(being the salaries & wages expense is recorded)
Here we debited the salaries and wages expense as it increased the expenses and at the same time we credited the salaries and wages payable as it also increased the liabilities
The same is to be considered
Assume the following sales data for a company: 2023 $966000 2022 871000 2021 696800 If 2021 is the base year, what is the percentage increase in sales from 2021 to 2022?
Answer:
Percentage increase in sales = 25%
Explanation:
Percentage increase in sales = Sales for 2022 - Sales for 2021/Sales for 2021
Percentage increase in sales = $871000 - $696800 / $696800
Percentage increase in sales = $174200 / $696800
Percentage increase in sales = 0.25
Percentage increase in sales = 25%
The sales manager is convinced that a 10% reduction in the selling price, combined with a $30,000 increase in advertising, would increase this year's unit sales by 25%. If the sales manager's ideas are implemented, how much will net operating income increase or decrease over last year
Answer:
the company's information is missing, so I looked for similar questions:
budgeted sales $1,000,000 units sold 10,000 unit price $100 total cost per unit $60currently (without any changes), the company's profit is:
$1,000,000 - (10,000 x $60) = $400,000
if sales price is reduced to $100 x (1 - 10%) = $90
total units sold will increase to 10,000 x (1 + 25%) = 12,500
new operating income = (12,500 x $90) - (12,500 x $60) - $30,000 = $345,000
operating income will decease by $400,000 - $345,000 = $55,000
A friend tells you she has saved for 7 years and has a present sum of $10,000, which earned at the rate of 8% per year, compounded quarterly. Determine the equivalent amount she had to start with 7 years ago.
Answer:
$5750.1
Explanation:
The amount she started with can be referred to as present value (PV), while the amount sum she has after the 7 years is the future value (FV).
Thus:
FV = PV[tex](1 +\frac{r}{m}) ^{nm}[/tex]
From the question, FV = $10000, m = 3, n = 7 and r = 0.08.
10000 = PV[tex](1+\frac{0.08}{3}) ^{(3*7)}[/tex]
= PV[tex](1.0267)^{(21)}[/tex]
= 1.7391PV
PV = [tex]\frac{10000}{1.7391}[/tex]
= 5750.1006
PV = 5750.1
The equivalent amount the she had to start with is $5750.1.
The equivalent amount would be as follows:
$[tex]5750.1[/tex]
Find the amount
Given that,
Present value of the principal = $10,000
Rate of interest = 8%
Time = 7 years
We know that,
The principal was compounded quarterly,
No. of quarters in 7 years = 7 × 3
= 21
So,
The Future Value = Present Value[tex](1 + r/m)^_{nm}[/tex]
⇒ 10,000 = Present Value [tex]( 1 + 0.08/3)^{21}[/tex]
∵ Present Value [tex]= 10,000/1.7391[/tex]
[tex]=[/tex] $[tex]5750.1[/tex]
Thus, $[tex]5750.1[/tex] is the correct answer.
Learn more about "Amount" here:
brainly.com/question/1227546
For its inspecting cost pool, Davidson, Inc. expected overhead cost of $300,000 and 4,000 inspections. The actual overhead cost for that cost pool was $360,000 for 5,000 inspections. The activity-based overhead rate used to assign the costs of the inspecting cost pool to products is A.$60 per inspection. B.$72 per inspection. C.$75 per inspection. D.$90 per inspection.
Answer:
C. $75 per inspection
Explanation:
The computation of the activity-based overhead rate used to assign the costs is shown below:
= Expected overhead cost ÷ expected inspections
= $300,000 ÷ 4,000 inspections
= $75 per inspection
hence the correct option is C. $75 per inspection
We simply applied the above formula so that the correct value could come
Hence, the same is to be considered
An investor places an order to sell short ABC at the open. The opening bid of $15.25 is the same as the prior day's close. At what price may the investor sell short at the open
Answer:
B. 15.25
Explanation:
The short sales could be arise at any time during the time of trading day that also involves the opening and close
Here in the given situation since the sale would take place at the best bid i.e. $15.25
So the investor should sell the short at the open at $15.25 price and the same is to be considered
hence, the above is the answer
The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $21.39 for each of the 20 million shares sold. The initial offering price was $23 per share, and the stock rose to $28.41 per share in the first few minutes of trading. Raven paid $950,000 in direct legal and other costs and $320,000 in indirect costs. What was the flotation cost as a percentage of funds raised?
Answer: 33.2%
Explanation:
Floatation costs percentage = Total costs / Net amount received
Net amount received = Total received - Direct legal - Indirect cost
= (21.39 * 20 million) - 950,000 - 320,000
= $426,530,000
Total Cost = 950,000 + ((Initial offering price - Amount received) * 20 million) + 320,000 + ((Stock appreciation - initial offering price) * 20 million)
= $141,670,000
Floatation cost = 141,670,000/ 426,530,000
= 33.2%
You wish to buy a $27,500 car. The dealer offers you a 6-year loan with a 7.2 percent APR. What are the monthly payments?
Answer:
$471.49
Explanation:
The formula for computing the monthly payment is shown below:
PMT=P(r/n)/1-(1+r/n)^(-nt)
P=loan amount=$27,500
r=interest rate=7.2%
n=number of monthly payments in a year=12
t= duration of loan=6 years
PMT=27500*(7.2%/12)/(1-(1+7.2%/12)^(-6*12)
PMT=27500*0.6000% /(1-(1+0.6000%)^-72
PMT=165 /(1-0.650047943 )
PMT=$471.49
wesimann co. issed 11-year bonds a year ago at a coupon rate of 7.1% The bonds make semiannual payments and have a par value of 1,000. if the ytm on these bonds is 5.4%, what is the current bond price
Answer:
$1,130.04
Explanation:
The computation of the current bond price is shown below:
But before that following calculations need to be done
Number of periods = 11 - 1 = 10 × 2 = 20
Rate = 5.4% ÷ 2 = 2.7%
Coupon = (7.1% of 1000) ÷ 2 = $35.5
Now
The Current bond price is
= Coupon × [1 - 1 ÷ (1 + r)^n] ÷ r + FV ÷ (1 + r)^n
= $35.5 × [1 - 1 ÷ (1 + 0.027)^20] ÷ 0.027 + $1,000 ÷ (1 + 0.027)^20
= $35.5 × [1 - 0.586937] ÷ 0.027 + $586.936514
= $35.5 × 15.29863 + $586.936514
= $1,130.04
Sarasota Company reported 2020 net income of $152,900. During 2020, accounts receivable increased by $17,160 and accounts payable increased by $9,582. Depreciation expense was $48,000.
Required:
Prepare the cash flows from operating activities section of the statement of cash flows.
Answer:
$193,322
Explanation:
• Prepare the cash flow from operating activities section of the statement of cash flow.
Please find attached detailed solution to the above question and answer.
The net cash provided by operating activities is $193,322.
Samuel, Inc. has Accounts Receivable of $150,000 and an Allowance for Doubtful Accounts of $13,000. If it writes-off a customer account balance of $1,300, what is the amount of its net accounts receivable
Answer:
$135,700
Explanation:
The Accounts Receivable are shown in the Balance Sheet at the amount that is expected to be collected by the entity from its customers - thus providing for a Faith Representation of Financial Statements. This will be after the Allowance for Doubtful Accounts and any amounts Written Off are Deducted.
Accounts Receivable Balance = $150,000 - $13,000 - $1,300
= $135,700
If the Allowance account had a credit balance of $29,500 immediately before the year-end adjustment for bad debts and no accounts were written-off or allowed for during the year, what was the amount of Bad Debt Expense recognized during the year
Answer:
Bad Debt expense recognized during the year = $39000
Explanation:
Note: A table is missing and it is attached as picture
Allowance for Doubtful Accounts
Debit Credit
Balance before year-end adjustment $29,000
Current Yr. Bad debt recognized $39,000
Closing Balance as per balance sheet $68,000
Total Balance $68,000 $68,000
You expect to receive $10,000 at graduation in two years. You plan on investing it at 9 percent until you have $60,000. How long will you wait from now
Answer:
22.79 years
Explanation:
The computation of the number of years is shown below
Future value = Present value × ( 1 + rate)^number of years
$60,000 = $10,000 × (1.09)^n
($60,000 ÷ $10,000) = (1.09)^n
6 = (1.09)^n
Now take the log on both sides
log 6 = n × log 1.09
n = log 6 ÷ log 1.09
= 20.79 years
So, the time is
= 20.79 years + 2 years
= 22.79 years
American Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has been discovered, and if the basic compound were processed into the new variant, the selling price would be $73 per gallon. American expects the market for the new compound variant to be 8,600 gallons initially and determines that processing costs to refine the basic compound into the new variant would be $146,200. Required: a. What would be the effect on total profit if American produces the new compound variant
Answer:
Effect on income= $34,400 increase
Explanation:
Giving the following information:
Actual price= $52
New variant price= $73
Number of units= 8,600 gallons
Total cost= $146,200
To calculate the effect on income, we need to use the following formula:
Effect on income= increase in income - total cost
Effect on income= 8,600*(73 - 52) - 146,200
Effect on income= $34,400 increase
Litton Industries uses a perpetual inventory system. The company began its fiscal year with inventory of $267,000. Purchases of merchandise on account during the year totaled $845,000. Merchandise costing $902,000 was sold on account for $1,420,000. Prepare the journal entries to record these transactions.
Answer and Explanation:
The journal entries are shown below:
1. Inventory Dr $845,000
To Account payable $845,000
(Being inventory purchase on the account)
2. Account receivable Dr $1,420,000
To Sales revenue $1,420,000
(Being sale on the account is recorded)
3. Cost of goods sold Dr $902,000
To Inventory $902,000
(Being cost of sales is recorded)
These journal entries are to be recorded
A company has a DSO of 28 days. The company’s average daily sales are $4,000. What is the level of accounts receivable? Assume there are 365 days in a year.
Answer:
the level of accounts receivable is $112,000
Explanation:
The computation of the level of sales is shown below:
Days Sales Outstanding (DSO) = Accounts Receivable (A/R) ÷ Average Daily Sales
28 days = Account receivable ÷ $4,000
So, the account receivable is
= $4,000 × 28 days
= $112,000
Hence, the level of accounts receivable is $112,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Lehman Brothers and Bank of America (B of A) were hoping to receive the same treatment from the Treasury Department as Bear Stearns and JP Morgan Chase had received. What had the Treasury Dept. done for "Bear" and JP Morgan
Answer:
In the clarification paragraph following, the definition of the concern is mentioned.
Explanation:
Bear Stearns, which collapsed in 2008, was indeed a financial institution. The business has been active in the financial and investment markets and global clearing systems and has been currently participating throughout the subprime crisis. Bear Sterns wasn't a big bank, but it has been recognized quite well. It had been found too massive to fail. The Federal Reserve felt that perhaps the bank's collapse would have had a significant effect on consumers' trust in the financial system. The treasury department borrowed JPMorgan Chase $30 billion throughout March 2008 to purchase the struggling investment bank. In the deal between some of the two, FED played a significant part. In connection to something like the lending to JPMorgan Chase, the Fed is now taking on an extra $30 billion worth with mortgage-related securities held by Bear Stearns against collateral.Find the future value at the end of year 3 of the following stream of cash flows received at the end of each year, assuming the firm can earn 17 percent on its investments. A. $16,320 B. $20,127 C. $23,548 D. $27,551
Answer:
B. $20,127
Explanation:
Calculation to Find the future value at the end of year 3
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.
Let plug in the formula
A=3,000*(1.17)^2+6,000*(1.17)+9,000
A=3,000*1.3688+7,020+9,000
A=4,106+7,020+9,000
A=$20,127
Therefore the future value at the end of year 3 will be $20,127
McDonald's is operating in the quick-serve restaurant business. McDonald's business model is a classic example of:
Answer:
franchise.
Explanation:
McDonald's is the leading company in the fast-service restaurant business, operating with the franchise business model.
Franchises are the act of commercially granting the use of a trademark and patent to third parties through a franchise agreement that will regulate the relationship between franchisor and franchisee.
A franchise will provide an already used and effective business model, in addition to providing the business know-how, and the standardization of products and services, which will make the product recognized and equal in any restaurant that has that brand, regardless of location, such as McDonald's, for example, which created value and a strong position in the market by increasing the concept of value to its products and services, which can be found anywhere in the world while maintaining quality and standardization.
Answer:
franchise.
Explanation:
McDonald's is the leading company in the fast-service restaurant business, operating with the franchise business model.
Franchises are the act of commercially granting the use of a trademark and patent to third parties through a franchise agreement that will regulate the relationship between franchisor and franchisee.
A franchise will provide an already used and effective business model, in addition to providing the business know-how, and the standardization of products and services, which will make the product recognized and equal in any restaurant that has that brand, regardless of location, such as McDonald's, for example, which created value and a strong position in the market by increasing the concept of value to its products and services, which can be found anywhere in the world while maintaining quality and standardization.
Martinez Corporation reported net sales of $782,000, net income of $125,000, and total assets of $7,804,089. The profit margin is:
Answer:
the profit margin is 16%
Explanation:
The computation of the profit margin is shown below:
Profit margin is
= Net income ÷ Sales × 100
= $125,000 ÷ $782,000 × 100
= 16%
Hence, the profit margin is 16%
It shows the relationship between the net income and the sales also it is expressed in percentage form
We simply applied the above formula so that the correct percentage could come
If the average ROA in the heating and cooling industry is 10.1%, and Therma Corp ROA is 17.3%, Thermacare is said to have
Answer:
Thermacare is said to have the more efficient business.
Explanation:
Return on assets (ROA) is an accounting ratio that reveals the percentage of the profitability of the assets of a firm in generating revenue.
ROA tells the amount of dollars of earnings that a company derives from each dollar of assets it has.
ROA therefore indicates the level of profitability of a firm relative to its total assets.
ROA can be calculated using the following formula:
ROA = Net income / Average total assets
From the calculated ROA using the formula above, a manager, investor, or analyst can determine how efficient the management of a firm is at employing the assets of the firm in generate earnings.
Therefore, when two companies are compared, a company that has a higher ROA is said to have a more efficient business.
Since the average 17.3% ROA of Therma Corp is higher than the average 10.1% ROA of the heating and cooling industry, Thermacare is thereforee said to have the more efficient business.
In March 2020, Gray Corporation hired two individuals, both of whom were certified as long-term recipients of family assistance benefits. Each employee was paid $11,000 during 2020. Gray’s work opportunity tax credit amounts for 2020 is:________
a. $ 2,400
b. $ 4,800
c. $ 6,000
d. $ 12,000
Answer: $4800
Explanation:
In this scenario, since each employee was paid $11,000 during 2020, Gray’s work opportunity tax credit amounts for 2020 will be calculated as 40% of the first $6000 that each employee made.
This will be:
= 40% × $6000 × 2 employees
= 0.4 × $6000 × 2
= $4800
The answer is $4800
The various quantities of all final commodities demanded at various price levels, ceteris paribus, is the
Answer: b) Aggregate demand curve
Explanation:
The Aggregate demand curve shows the various quantities of all final commodities and services demanded at various price levels with all else being equal in an economy. It slopes downwards as a normal demand curve would because higher price commands less demand and vice versa.
It can also depict the Gross Domestic Product of a country because the GDP shows the final goods and services produced in a country whilst the AD shows the demand for those final goods and services so the money spent is the same, ceteris paribus.
Hal Gore won a $1.25 million prize for special contributions to environmental research. This prize is awarded for public achievement, and Hal directed the awarding organization to transfer $502,500 of the award to the Environmental Protection Agency. How much of the prize should Hal include in his gross income
Answer:
$747,500
Explanation:
Hal must include $1,250,000 - $502,500 = $747,500 in his gross income
A Nobel Prize is one of the most prestigious awards that a person can obtain, but the IRS doesn't care about that. The IRS only cares that you receive money and will tax for it. You can avoid paying taxes only if you contribute money to a qualifying charity or organization (the EPA is a qualifying organization). E.g. President Obama donated the money in 2009 when he won the Nobel Peace Prize.
The best estimate of the total variable manufacturing cost per unit is: (Round your intermediate calculations to 2 decimal places.)
Answer:
$95.2
Explanation:
The computation of the best estimate of the total variable manufacturing cost per unit is shown below;
Particulars Difference Per unit
Production Volume 6,800 8,000 1200
Direct materials $402,560 $473,600 $59.2
Direct labor $153,000 $180,000 $22.5
Manufacturing
overhead $1,007,900 $1,024,100 $16,200 $13.5
(16200 ÷ 1200)
Total Manufacturing
cost 1563460 1677700 $95.2
Using the Shannon and Weaver Model of Communication to describe a web page, the web page itself would be:______
Answer:
channel
Explanation:
Shannon and Weaver Model of Communication is usually reffered to as "the mother of all model" gives theory about how human communication can disintegrated into concepts such as
✓Encoder
✓Sender
✓Channel
✓Reciver
✓Noise
Recorder.
It works in a way in which One sending the message (sender) will encode it, then forward it through technological "channel"such as telephone to the receiver, which is convert to codes and send through a medium.It should be noted that Using the Shannon and Weaver Model of Communication to describe a web page, the web page itself would be channel.