Answer:
B = 32.44 = 32 days
Explanation:
Given the following :
Mean number of days between when Bill was sent out and when payment was made = 31
Standard deviation = 3 days
Approximately 37% of all customer accounts have the average number of days between two values A and B. What is the value of B?
Interval A and B contains 37% of all customer accounts have average number of days with values :
Zscore of the (100-37)% / 2 at the extremes ; = 63%/2 = 0.315 ; from z table 0.315 = -0.48
Interval:
(-0.48 * sd) + mean and (0.48 * sd) + mean
(-0.48 * 3) + 31 and (0.48 * 3) + 31
-1. 44 + 31 and 1.44 + 31
29.56 and 32.44
Value of A and B
A = 29.56 ; B = 32.44
Anthony Thomas Candies (ATC) reported the following financial data for 2021 and 2020: 2021 2020 Sales $ 322,000 $ 295,000 Sales returns and allowances 7,200 4,400 Net sales $ 314,800 $ 290,600 Cost of goods sold: Inventory, January 1 48,000 21,000 Net purchases 140,000 133,000 Goods available for sale 188,000 154,000 Inventory, December 31 63,000 48,000 Cost of goods sold 125,000 106,000 Gross profit $ 189,800 $ 184,600 ATC's gross profit ratio (rounded) in 2021 is: (Round your answer to one decimal place e.g., 0.123 as 12.3%.)
Answer: 60.29%
Explanation:
Gross profit ratio is calculated as:
= (Gross profit/Sales) × 100
where
Gross profit = $189,800
Sales = $314,800
Gross profit ratio:
= (Gross profit/Sales) × 100
= (189,800/314800) × 100
= 0.6029 × 100
= 60.29%
The balance in the Prepaid Rent account before adjustment at the end of the fiscal year is $10,000, which represents five months of rent which was paid on December 1. The year-end adjusting entry required on December 31 is Group of answer choices debit Prepaid Rent, $2,000; credit Rent Expense, $2,000 debit Rent Expense, $8,000; credit Prepaid Rent, $8,000 debit Rent Expense, $10,000; credit Prepaid Rent, $10,000 debit Rent Expense, $2,000; credit Prepaid Rent, $2,000
Answer: debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D
Explanation:
Balance in Prepaid rent account = $10,000
Rent expense = $10,000/5 months = $2,000
Adjusting journal entry To record the expiration of rent for December month
Date Accounts Titles and Explanations Debit Credit
Dec. 31 Rent Expense ($10,000/5 months) $2,000
Prepaid Rent $2,000
debit Rent Expense, $2,000; credit Prepaid Rent, $2,000---D
Shao Airlines is considering the purchase of two alternative planes. Plane A has an expected life of 5 years, will cost $100 million, and will produce net cash flows of $30 million per year. Plane B has a life of 10 years, will cost $132 million, and will produce net cash flows of $25 million per year. Shao plans to serve the route for only 10 years. Inflation in operating costs, airplane costs, and fares are expected to be zero, and the company's cost of capital is 12%. By how much would the value of the company increase if it accepted the better project (plane)
Answer:
?????
Explanation:
The two big drivers of outsourcing are Select one: A. that a smaller in-house workforce and a low investment in intellectual capital will produce cost savings. B. a desire to reduce the company's investment in fixed assets and the need to narrow the scope of the company's in-house competencies and competitive capabilities. C. an increased ability to cut R&D expenses and an increased ability to avoid the problems of strategic alliances. D. that outsiders can often perform certain activities better or more cheaply, and outsourcing allows a firm to focus its entire energies on those activities that are at the center of its expertise (its core competencies). E. the ability to avoid capital investments that accompany vertical integration and a desire to reduce the company's risk exposure to changing technology and/or changing buyer preferences.
Answer:
Option D. that outsiders can often perform certain activities better or more cheaply, and outsourcing allows a firm to focus its entire energies on those activities that are at the center of its expertise (its core competencies).
Explanation:
Outsourcing is the use of external entities to undertake the key business activities. When we outsource certain value chain activities makes strategic sense if only the activity can be performed better or more cheaply by outside specialist, ifthe activity is not crucial to the firm's ability to achieve sustainable competitive advantage, he outsourcing improves organizational flexibility and speeds time to market and also leverage its key resources, and do even better what it already does best.
The two big drivers of outsourcing are that outsiders can often perform certain activities better or more cheaply, and outsourcing allows a firm to focus its entire energies on those activities that are at the center of its expertise. Option D is correct.
The term “Outsourcing” refers to the practice of outsourcing work that is typically done within a company. Outsourcing is a concept that many entrepreneurs are familiar with, and it’s something that many small businesses do on a regular basis.
Outsourcing includes outsourcing payroll, accounting, distribution, and many other important functions.
Therefore the correct answer is option D.
To learn more about outsourcing, refer to the link:
https://brainly.com/question/29544430
#SPJ6
EZ Rental Car offers rental cars in an off-airport location near a major tourist destination in Florida Management would like to better understand the behaviour of the company's costs. One of those costs is the cost of washing cars. The company operates its own car wash facility in which each rental car that is returned is thoroughly cleaned before being released for rental to another customer Management believes that the costs of operating the car wash should be related to the number of rental returns. Accordingly, the following data have been compiled:
Month Rental Returns Car Wash Costs
January 2,470 $11,713
February 2,533 $13,491
March 2,801 $12,505
April 3,114 $15,349
May 3,700 $16,934
June 5,181 $24,655
July 5,592 $22,870
August 5,668 $23,930
September 4,788 $23,460
October 4,522 $23,183
November 2,266 $11,430
December 3,055 $16,681
Required:
Using least-squares regression, estimate the fixed cost and variable cost elements of monthly car wash cost.
Fixed cost
Variable cost per unit
Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,937 + 3.96x
where y = total cash wash costs and x = rental returns
fixed costs = $2,937 per month
variable cost = $3.96 per car washed
Prat Corp. started the Year 2 accounting period with $33,000 of assets (all cash), $13,500 of liabilities, and $8,000 of common stock. During the year, the Retained Earnings account increased by $10,550. The bookkeeper reported that Prat paid cash expenses of $27,500 and paid a $2,300 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also paid $6,000 cash to reduce the liability owed to the bank, and the business acquired $7,400 of additional cash from the issue of common stock.
a-1. Prepare an income statement for the 2018 accounting period.
a-2. Prepare a statement of changes in stockholders’ equity for the 2018 accounting period.
a-3. Prepare a period-end balance sheet for the 2018 accounting period.
a-4. Prepare a statement of cash flows for the 2018 accounting period.
b) Determine the percentage of total assets that were provided by creditors, investors, and earnings.
Answer:
1.Net Profit $12,850
Profit transfered to retained earnings $10,550
2. $37,450
3.$44,950
4a.$44,950
4b.CREDITORS=16.69%
INVESTORS=34.26%
EARNINGS=49.05%
Explanation:
1. Preparation of Income statement
Prat Corp. Income Statement
For the year ending 2018
Sales Revenue (Balancing figure) 40,350
(27,500+10,550+2,300)
Less: Expenses (27,500)
Net Profit 12,850
Less: Dividend (2,300)
Profit transfered to retained earnings $10,550
2. Preparation for Statement of changes in stakeholder's equity.
Common stock($) Retained Earnings($) Total($)
Opening Balance 8,000 11,500 19,500
(33,000-13,500-8,000)
Issue of common stock 7,400 - 7,400
Profit during the year - 12,850 12,850
(40,350-27,500)
Dividend paid - (2,300) (2,300)
Closing Balance $15,400 $22,050 $37,450
3. Preparation of Balance sheet
Prat Corp. Balance Sheet
As of December 31, 2018
ASSETS
Current Assets
Cash CFS 44,950
Total Assets 44,950
EQUITY AND LIABILITIES
Stockholder's Equity
Common Stock 15,400
Retained Earnings 22,050
Total Stockholder's Equity 37,450
Liabilities (13,500-6000) 7,500
Total Liability and stockholder's equity $44,950
(37,450+7,500)
4a. Preparation for Statement of Cash flows
Prat Corp. Cash Flow Statement
For the year ended 2018
Cash Flow from operating activites
Increase in Retained earnings 10,550
Net cash provided by operating activity 10,550
Cash flow from financing activity
Increase in common stock 7,400
Reduction in debt 6,000
Net cash provided by financing activity 1,400
(7,400-6,000)
Increase in cash 11,950
(10,550+7,400-6,000)
Cash at beginning of the year 33,000
Cash at end of the year 44,950
(33,000+11,950)
4b) Calculation to Determine the percentage of total assets that were provided by creditors, investors, and earnings.
CREDITORS=7,500/44,950
CREDITORS=0.1669*100
CREDITORS=16.69%
INVESTORS=15,400/44,950
INVESTORS=0.3426*100
INVESTORS=34.26%
EARNINGS =22,050/44,950
EARNINGS=0.4905*100
EARNINGS=49.05%
Suppose that, three years ago, the small town of Middling experienced a sudden doubling of the birth rate. Today, the birth rate returned to normal. Relative to before the doubling of the birth rate, choose the statement that best describes the effect of these events on the market for an hour of babysitting services in Middling today.
a. The demand curve has shifted left, resulting in a fall in the equilibrium price and quantity.
b. The demand curve has shifted right, resulting in a rise in the equilibrium price and quantity.
c. The demand curve has shifted left, resulting in a rise in the equilibrium price and quantity.
d. The demand curve has shifted right, resulting in a fall in the equilibrium price and quantity.
Answer: The demand curve has shifted right, resulting in a rise in the equilibrium price and quantity.
Explanation:
Based on the scenario the.has been discussed in the question, there'll be a rightward shift in demand curve, this simply means that the demand for babysitting service will increase and when this happens, the babysitters will increase their prices and also the equilibrium quantity will also increase as there is increase in birth rate.
Therefore, the correct option is option B i.e. The demand curve has shifted right, resulting in a rise in the equilibrium price and quantity.
For each of the following transactions of Spotlighter, Inc., for the month of January, indicate the accounts, amounts, and direction of the effects on the accounting equation. A sample is provided. (Sample) Borrowed $5,440 from a local bank on a note due in six months.
Received $6,130 cash from investors and issued common stock to them.
Purchased $2,500 in equipment, paying $950 cash and promising the rest on a note due in one year. Paid $1,050 cash for supplies.
Bought and received $1,450 of supplies on account.
Answer:
Spotlighter, Inc.
Indication of the accounts, amounts, and direction of the effects on the accounting equation:
1. Cash and Notes Payable, $5,440: Assets +$5,440 = Liabilities +$5,440
2. Cash and Common Stock, $6,130: Assets +$6,130 = Liabilities + Equity $6,130
3. Equipment, Cash, and Notes Payable, $2,500: Assets +$2,500 -$950 = Liabilities + $1,550 + Equity
4. Cash and Supplies: Assets -$1,050 - $1,050 = Liabilities + Equity
5. Supplies + Accounts Payable: Assets + $1,450 = Liabilities + $1,450 + Equity
Explanation:
Spotlighter's accounting equation of assets equal to liabilities plus equity will always be in balance with each business transaction that occurs. This is because each transaction involves two accounts on either side or both sides of the equation with a plus or minus action.
Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020. Expenses for 2020 were cost of goods sold $1,466,300, administrative expenses $221,700, selling expenses $298,700, and interest expense $45,300. Marigold’s tax rate is 30%. The corporation had 100,000 shares of common stock authorized and 74,370 shares issued and outstanding during 2020. Prepare a single-step income statement for the year ended December 31, 2020. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Answer:
Net Income $284,410
Earnings Per Share $5.46
Explanation:
Preparation of a single-step income statement for the year ended December 31, 2020.
MARIGOLD CORPORATION INCOME STATEMENT
Net Sales 2,400,900
Less: Cost of goods sold (1,466,300)
Gross Profit $934,600
(2,400,900-1,466,300)
Less: Operating Expenses
Selling Expenses (298,700)
Administrative Expenses (221,700)
Income from Operations $414,200
+/- Other Revenue and Gains, Expenses and Losses
Add : Interest Revenue 37,400
Less : Interest Expense (45,300)
Income before Income Tax $406,300
Less: Income Tax Expense 30% (121,890)
(30%*$406,300)
Net Income $284,410
Earnings Per Share $5.46
Calculation for Earnings Per Share using this formula
Earnings Per Share = Net Income ÷ Outstanding Shares
Let plug in the formula
Earnings Per Share= $406,300 ÷ 74,370 shares
Earnings Per Share= 5.463224
Earnings Per Share= $5.46 approximately
Therefore the Net Income is $284,410 while the Earnings Per Share is $5.46
Peter Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2016, managing partner Andrew Peters Prepared the following budget for the year:
Chance Manufacturing, Inc. is inviting several consultants to bid for work. Andrew Peters wants to submit a bid. He estimates that this job will require about 250 direct labor hours.
Direct labor hours (professionals) 25,000 hours
Direct labor costs (professionals) $2,500,000
Office rent 320,000
Support staff salaries 1,260,000
Utilities 420,000
Requirement 1.
Compute Realtors'
(a) hourly direct labor cost rate and
(b) predetermined overhead allocation rate. Begin with (a) hourly direct labor cost rate. Direct labor / = cost rate / = per hour Now compute Realtors' (b) predetermined overhead allocation rate. Predetermined overhead / = allocation rate / = %
Requirement 2. Compute the predicted cost of the Manufacturing job. Root Realtors Estimated Cost of the White Manufacturing Job hrs. x = + % x = Total predicted cost
Requirement 3. If wants to earn a profit that equals % of the job's cost, how much should bid for the Manufacturing job? Add: Required service revenue
Answer:
1. Hourly Direct Labor Cost rate = Direct Labor cost / Direct Labor hours
Hourly Direct Labor Cost rate = 2,500,000 / 25,000
Hourly Direct Labor Cost rate = $100 per hour
Computation of Indirect cost
Office Rent $320,000
Support staff salaries $1,260,000
Utilities $420,000
Total Indirect Costs $2,000,000
Predetermined indirect cost allocation rate = = Total Estimated indirect cost / Total estimated direct labor cost = 2,000,000 / 2,500,000 = 80% of Direct Cost
2. Direct Labor $25,000 (250 * 100)
Indirect Cost $20,000 (25,000 * 80%)
Total Predicted cost $45,000
3. Predicted cost $45,000
Desired Profit $22,500 (50% of $45,000)
Required Service revenue $67,500
Choose a well-known company in sports and entertainment management that you know ?
Journalize the following transactions for Brown Company using the gross method of accounting for sales discounts. Assume a perpetual inventory system. Also, assume a constant gross profit ratio for all items sold. Make sure to enter the day for each separate transaction.
October 4 Sold goods costing $8,400 to Lee Company on account, $14,000, terms 4/10, n/30.
October 10 Lee Company was granted an allowance of $700 for returned merchandise that was previously purchased on account. The returned goods are in perfect condition.
October 14 Received the amount due from Lee Company.
Answer and Explanation:
The Journal entry is shown below:-
1. Accounts receivable Dr, $14,000
To Sales $14,000
(Being sales made is recorded)
2. Cost of goods sold Dr,$8,400
To Merchandise inventory $8,400
(Being cost of goods sold is recorded)
3. Sales return and allowances Dr, $700
To Accounts receivable $700
(Being return of the merchandise is recorded)
4. Merchandise inventory Dr, $420 ($700 × $8,400 ÷ $14,000)
To Cost of goods sold $420
(Being cost of merchandise returned is recorded)
5. Cash Dr, $13,300 ($14,000 - $700)
To Accounts receivable $13,300
(Being receipt of cash is recorded)
Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method. Apr. 2 Purchased $5,600 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point. 3 Paid $290 cash for shipping charges on the April 2 purchase. 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $650. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise. 18 Purchased $10,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination. 21 After negotiations, received from Frist a $500 allowance toward the $10,500 owed on the April 18 purchase. 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.
Answer:
1. Dr Merchandise inventory 5,600
Cr Account payable 5,600
2. Dr Merchandise inventory 290
Cr Cash 290
3. Dr Account payable 650
Cr Merchandise inventory 650
4. Dr Account payable 4,950
Cr Bank 4,851
Cr Merchandise inventory 99
5. Dr Merchandise inventory 10,500
Cr Account payable 10,500
6. Dr Account payable 650
Cr Merchandise inventory 650
7. Dr Account payable 10,500
Cr Cash 10,395
Cr Merchandise inventory 105
Explanation:
Preparation of Journal entries
1. Journal entry to record purchase
Dr Merchandise inventory 5,600
Cr Account payable 5,600
(To record purchase)
2. Journal entry to record shipping charges
Dr Merchandise inventory 290
Cr Cash 290
(To record shipping charges)
3. Journal entry to record purchase return
Dr Account payable 650
Cr Merchandise inventory 650
(To record purchase return)
4. Journal entry to record amount paid
Dr Account payable 4,950
(5,900-650)
Cr Bank 4,851
(4,950*98%)
Cr Merchandise inventory 99
(4,950-4,851)
(To record amount paid)
5. Journal entry to record purchase
Dr Merchandise inventory 10,500
Cr Account payable 10,500
(To record purchase)
6. Journal entry to To record allowance
Dr Account payable 650
Cr Merchandise inventory 650
(5,600-4,950)
(To record allowance)
7. Journal entry to record amount paid
Dr Account payable 10,500
Cr Cash 10,395
(10,500*99%)
Cr Merchandise inventory 105
(10,500-10,395)
(To record amount paid)
Mr. and Mrs. Keppner file a joint income tax return. Assume the taxable year is 2020. Required: Compute their standard deduction assuming that Mr. Keppner is age 68, and Mrs. Keppner is age 60. Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68. Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68. Mrs. Keppner is legally blind.
Answer:
Compute their standard deduction assuming that Mr. Keppner is age 68, and Mrs. Keppner is age 60.
standard deduction = $24,800 + $1,300 = $26,100Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68.
standard deduction = $24,800 + $2,600 = $27,400Compute their standard deduction assuming that Mr. Keppner is age 70, and Mrs. Keppner is age 68. Mrs. Keppner is legally blind.
standard deduction = $24,800 + $2,600 + $1,300 = $28,700Explanation:
The regular standard deduction for married filing jointly is $24,800 during 2020, but for every person over 65, they get an additional $1,300. This also applies if any of them is blind.
If the tax filer is single or married filing separately, then the additional amount is $1,650.
Production Costs 1. Transferred out 14,100 units. Beginning work in process $0 2. Started 4,400 units that are 60% Materials 63,825 complete as to conversion Labor 17,328 costs and 100% complete as Manufacturing overhead 19,500 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Incorrect answer. Your answer is incorrect. Try again. Determine the equivalent units of production for (1) materials and (2) conversion costs.
Answer and Explanation:
The computation of the equivalent units of productions for material and conversion is shown below:
Particulars Materials Conversion costs
Units transferred out 14100 14100
Add:
Ending work in process 4400 2640
(4,400 × 60%)
Total equivalent
units of production 18500 16740
Like many college students, Stephanie applied for and got a credit card that has an annual percentage rate (APR) of 18%. The first thing she did was buy a new HD Television for $300. At the end of the month, her credit card statement said she only needed to make a minimum monthly payment of $10. Assume Stephanie makes her payment when she sees her statement at the end of each month. If Stephanie doesn't charge anything else and only makes the minimum monthly payments, approximately how many months would it take her to completely pay off the HD Television? Assume that the credit card company compounds interest at the end of each month.
a) 40.2 months
b) 37.8 months
c) 35.8 months
d) 19.3 months
e) 46.3 months
Answer:
A
Explanation:
A financial calculator is needed to calculate the number of months needed to pay off for the TV
FV = 0
PMT = $10
PV = -$300
I = 18% / 12 = 1.5%
N = 40.15 years
Which types of credit are most similar to each other?
A-auto loan and mortgage loan
B-auto loan and personal loan
C-credit card and mortgage loan
D-mortgage loan and personal loan
Answer:
A. Auto loan and mortgage loan
Auto loans and mortgage loans are the types of Credit that are most similar to each other. Hence, option A is appropriate.
What is the meaning of Credit?Credit is the trust that permits one party to lend money or resources to another party, with the understanding that the second party will not immediately reimburse the first party but will instead repay it or return the resources at a later time.
The capacity to access products or services or borrow money with the idea that you'll pay for them later is known as credit. A credit is an entry in personal banking or financial accounting that signifies the receipt of money.
The word "credit" has a wide variety of meanings in the financial sector. Usually, it is defined as a contract formed by two parties whereby the borrower receives anything of value now though and agrees to return to the lender at a later period, with interest.
Hence, option A is correct.
Learn more about the Credit here:
https://brainly.com/question/30698297
#SPJ7
On January 1, Company A leased equipment for a six-year period. Annual lease payments are $12,000 due on December 31 of each year. The payments are calculated by the lessor using a 6% discount rate. If Company A's revenues exceed a specified amount during the lease term, Company A will pay an additional $5,000 lease payment at the end of the lease. Company A estimates a 60% probability of meeting the target revenue amount. What amount should be recorded as the right-of-use asset and lease liability under the contingent rent agreement
Answer:
Dr Right of use asset 59,007.60
Cr Lease liability 59,007.60
Explanation:
Variable lease payments are generally not included as right of use asset or lease liability. Even though a 60% possibility exists that an additional $5,000 will be paid, they are not based on an index and are not disguised payments (only two exceptions to this rule).
Annual lease payments = $12,000
PV annuity factor, 6%, 6 periods = 4.9173
PV of lease payments = $12,000 x 4.9173 = $59,007.60
Mackenzie borrows $300,000 from the bank on a 30 year mortgage. She is given an interest rate of 5.125% APR. How much will her monthly payment be in principal and interest?
Question 1 options:
988.18
1633.46
1699.11
1689.21
1755.29
Answer:1633.46
Explanation:
Uli produces stereo speakers. The selling price per pair of speakers is $1,930. There is no beginning inventory. Costs involved in production are: Direct material $162 Direct labor 210 Variable manufacturing overhead 98 Total variable manufacturing costs per unit $470 Fixed manufacturing overhead per year $679,420 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $199,000 Fixed administrative costs per year $102,500 During the year, Uli produces 1,610 pairs of speakers and sells 1,340 pairs. Exercise 5.4 Correct answer iconYour answer is correct. What is the value of ending inventory using full costing
Answer:
Ending inventory= $240,840
Explanation:
Giving the following information:
Total variable manufacturing costs per unit $470
Fixed manufacturing overhead per year $679,420
During the year, Uli produces 1,610 pairs of speakers and sells 1,340 pairs.
The full costing method (absorption costing) includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the total production cost:
Total cost= 1,610*470 + 679,420
Total cost= $1,436,120
Now, the unitary cost and ending inventory cost:
Unitary cost= 1,436,120/1,610= $892
Ending inventory= $892*270 units
Ending inventory= $240,840
This HWA explores epistemologies of your areas of concentration for your BUS degree. You will list each concentration, the major purpose of the concentration, the common methods used, major theorists in the field, and how you see the concentration fitting into your future career. You should have 3 concentrations if you are a BUS or HS major. If you are majoring in another field, use your major plus select the additional 2 concentrations of your choice to use throughout the INTS program that interest you and fit best your career plans.
Submit your 3 concentration explorations by typing them in the submission box for HWA 2. If you choose to upload a file, make sure it is Microsoft Word or PDF. I will not accept incompatible files that can't be opened in Blackboard.
Please use the following format:
CONCENTRATION 1-
Name:
Purpose:
Common Methods:
Major Theorists:
How does this concentration fit into my future career?
CONCENTRATION 2-
Name:
Purpose:
Common Methods:
Major Theorists:
How does this concentration fit into my future career?
CONCENTRATION 3-
Name:
Purpose:
Common Methods:
Major Theorists:
How does this concentration fit into my future career?
Answer:
Lalit- It is a mix of song, dance, and story presentation.
Bharu - It includes singing of Bhajans followed by characters presenting a story connected to day to day life.
All are various forms of arts!
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019.
BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2018 and 2019
2018 2019 2018 2019
Assets Liabilities and Owners’ Equity
Current assets Current liabilities
Cash $ 45,262 $ 57,602 Accounts payable $ 190,922 $ 198,611
Accounts receivable 61,281 81,639 Notes payable 86,020 137,588
Inventory 126,088 192,061
Total $ 276,942 336,199 Total $ 232,631 331,302
Long-term debt $ 239,000 $ 175,750
Owners’ equity
Common stock and 216,000 216,000
paid-in surplus
Accumulated retained 158,636 192,931
earnings
Fixed assets
Net plant and $ 657,947 $ 589,578
equipment Total $ 374,636 408,931
Total assets $ 890,578 920,880 Total liabilities and $ 890,578 920,880
owners’ equity
Calculate the following financial ratios for each year:
a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Answer:
a. Current ratio = current assets / current liability
2018 = 276,942 / 232,631 = 1.19
2019 = 336,199 / 331,302 = 1.01
b. Quick ratio = (current assets - inventory) / current liabilities
2018 = (276,942 - 126,088) / 232,631 = 0.65
2019 = (336,199 - 192,061) / 331,302 = 0.44
c. Cash ratio = (cash + cash equivalents) / current liabilities
2018 = 45,262 / 232,631 = 0.19
2019 = 57,602 / 331,302 = 0.17
d. Debt-equity ratio = debt / equity
2018 = 515,942 / 374,636 = 1.38
2019 = 511,949 /408,931 = 1.25
equity multiplier = assets / equity
2018 = 890,578 / 374,636 = 2.38
2019 = 920,880 /408,931 = 2.25
e. Total debt ratio = debt / assets
2018 = 515,942 / 890,578 = 0.58
2019 = 511,949 / 920,880 = 0.56
We are examining a new project. We expect to sell 7,100 units per year at $56 net cash flow apiece for the next 10 years. In other words, the annual cash flow is projected to be $56 × 7,100 = $397,600. The relevant discount rate is 14 percent, and the initial investment required is $1,800,000. After the first year, the project can be dismantled and sold for $1,200,000. Suppose you think it is likely that expected sales will be revised upward to 10,800 units if the first year is a success and revised downward to 3,900 units if the first year is not a success. Suppose the scale of the project can be doubled in one year in the sense that twice as many units can be produced and sold. Naturally, expansion would be desirable only if the project is a success. This implies that if the project is a success, projected sales after expansion will be 21,600. Note that abandonment is still an option if the project is a failure.
a. If success and failure are equally likely, what is the NPV of the project? Consider the possibility of abandonment in answering. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the value of the option to abandon? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a. NPV
b. Option value
Answer:
a. If success and failure are equally likely, what is the NPV of the project?
$584,710.17
b. What is the value of the option to abandon?
NPV = -$398,596.49
option value = $1,200,000 at the end of year 1
Explanation:
option to abandon:
initial investment = -$1,800,000
net cash flow year 1 = $397,600 + $1,200,000 = $1,597,600
NPV = -$1,800,000 + $1,597,600/1.14 = -$398,596.49
if first year is a success:
initial investment = -$1,800,000
net cash flow year 1 = $397,600
net cash flow year 2 to 10 = 18,00 x $56 = $604,800
NPV = -$1,800,000 + $397,600/1.14 + [$604,800 x 4.9464 (PV annuity factor, 14%, 9 periods)] = -$1,800,000 + $348,771.93 + $2,991,582.72 = $1,540,354.65
if first year is a failure:
initial investment = -$1,800,000
net cash flow year 1 = $397,600
net cash flow year 2 to 10 = 3,900 x $56 = $218,400
NPV = -$1,800,000 + $397,600/1.14 + [$218,400 x 4.9464 (PV annuity factor, 14%, 9 periods)] = -$1,800,000 + $348,771.93 + $1,080,293.76 = -$370,934.31
since the possibility of success or failure is equally possible, then we should average net cash flows for years 2 to 10:
initial investment = -$1,800,000
net cash flow year 1 = $397,600
net cash flow year 2 to 10 = ($604,800 + $218,400) / 2 = $411,600
NPV = -$1,800,000 + $397,600/1.14 + [$411,600 x 4.9464 (PV annuity factor, 14%, 9 periods)] = -$1,800,000 + $348,771.93 + $2,035,938.24 = $584,710.17
There are some who say that California Community Colleges should go ahead and raise student fees from $46 per unit to $500 per unit? Today a typical economics class costs $138 ($46 x 3 units) and under this new proposal a typical economics class would cost $1,500 ($500 x 3 units). Why would this proposal probably backfire and become a disaster for full-time community college students who normally take three or four classes per semester?
This is the complete question
A.) Since student incomes and other financial resources are limited, the demand curve for a community college education is elastic. Raising tuition will force students to drop out.B)The community college would lose so many students that their total revenue would most likely drop dramatically. C)Students living in low-income and economically challenged areas might not be will-ing to take out student loans or use credit cards to finance their education. D)All of the statements listed above are correct
Answer:
All of the options are correct
Explanation:
All of the answers in the multiple choice question are correct. The reason is because, when tuition fees are raised for students, there would be quite a number who would drop out due to their inability to pay. The demand is elastic. A rise in tuition fees causes a drop in number of college students. This would hereby cause enrollment rates to fall and further bringing about a decline in revenue. Taking loans would not be a good idea since we have students with low income who would have problems with with paying back. With all of these the the proposal to increase fees would backfire.
John borrowed P15,000 for 2 years and 6 months, with simple interest at 9%. How much does he owe at the end of the time?
Answer:
18,375
Explanation:
I'm not sure what kind of currency P is, but the calculations should be the same as if they were dollars.
future value for simple interest = principal x interest rate x time = 15,000 x 9% x 2.5 years = 3,375 (interests only)
the total amount of interests + principal = 15,000 + 3,375 = 18,375
the difference between simple and compound interest is that when interests compounds, earned interest will start earning more interest themselves. While when calculating simple interest, interests only accumulate but do not earn any further interests. E.g. the future value of this debt using compound interest = 15,000 x 1.09²°⁵ = 18,606.19
The amount that he owes at the end of the time is $18,375.
Simple interest = Principal * Interest rate * Time
Simple interest = $15,000 x 9% x 2.5 years
Simple interest = $3,375.
Amount owed = Simple interests + Principal
Amount owed = $15,000 + $3,375
Amount owed = $18,375
Therefore, the amount that he owes at the end of the time is $18,375.
See similar solution here
brainly.com/question/19475971
During March, the production department of a process operations system completed and transferred to finished goods 23,000 units that were in process at the beginning of March and 130,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 57% complete with respect to conversion. At the end of March, 32,000 additional units were in process in the production department and were 100% complete with respect to materials and 32% complete with respect to conversion. Compute the number of physical units transferred to finished goods.
Answer:
-
Explanation:
Barry's Tire Service completed 100 tire changes, six brake jobs, and 16 alignments in an eight-hour day with his standard crew of six mechanics. A brake specialist costs $16 per hour, a tire changer costs $8 per hour, and an alignment mechanic costs $14 per hour. The materials cost for a day was $2000, and overhead cost was $500. What is the shop's labor productivity if the retail price for each respective service is $60, $150, and $40
Answer:
Labor productivity is 157.083 per hours
Explanation:
Number of tires changed = 100 tire
Number of brake jobs = 6
Alignment job = 16
Number of standard crew = 6 machines
The cost of break specialist = $16 per hour
Cost to change tire = $8
Alignment costs = $14 per hour.
Given the cost of material = $2000
Overhead cost = $500
Now we have to find labor productivity hours.
Labor productivity = Output / Labor hours
Labor productivity = (100)(60) + (6)(150)+(16)(40) / (6)(8)
Labor productivity = (6000 + 900 + 640) / 48
Labor productivity = 157.083 per hours
During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job 200 and 3,000 hours on Job 305. The total direct labor was incurred at a rate of $28 per direct labor hour for Job 200 and $24 per direct labor hour for Job 305. Bergan Company estimates that total factory overhead costs will be $620,000 for the year. Direct labor hours are estimated to be 80,000. Journalize the entry to record the flow of labor costs into production during May.
Answer: Please see answers in explanation column
Explanation:
a)Total Labor Cost for Job 200 = Labor Hours x Direct labor rate
= 2,500 x $ 28
= $ 70,000
b)Total Labor Cost for Job 305 = Labor Hours x Direct labor rate
= 3,000 x $ 24
= $ 72,000
Labor Cost for Job 200 and Job 305 during May = $ 70,000 + $ 72,000
= $ 142,000
Date Account Titles and Explanation Debit Credit
May 31st Work In Progress $142,000
Wages Payable $ 142,000
An investor considers investing $10,000 in the stock market. He believes that the probability is 0.30 that the economy will improve, 0.40 that it will stay the same, and 0.30 that it will deteriorate. Further, if the economy improves, he expects his investment to grow to $15,000, but it can also go down to $8,000 if the economy deteriorates. If the economy stays the same, his investment will stay at $10,000.a. What is the expected value of his investment
Answer: $10,900
Explanation:
The expected value of an investment takes into account the probable payments that an investor will get given certain events occurring.
Expected Value = ∑ (probability of event * payoff if event happens)
= (0.3 * 15,000) + (0.4 * 10,000) + ( 0.3 * 8,000)
= $10,900
Using your accounting knowledge, find the missing amounts in the following separate income statements. (Amounts to be deducted should be indicated by a minus sign.)
a b c d e
Sales $62,000 $43,500 $46,000 fill in blank $25,600
Cost of goods sold
Merchandise inventory
(beginning) 8,000 17,050 7,500 8,000 4,560
Total cost of
merchandise purchases 38,000 fill in blank fill in blank 32,000 6,600
Merchandise inventory
(ending) (11,950) (3,000) (9,000) (6,600) (4,160)
Cost of goods sold 34,050 16,000 fill in blank fill in blank 7,000
Gross profit 27,950 fill in blank 3,750 45,600 18,600
Expenses 10,000 10,650 12,150 3,600 6,000
Net income (loss) $17,950 $16,850 $(8,400) $42,000 $12,600
Answer:
1. Sales of column d = 79,000
2. Total cost of merchandise purchases of column b = $1,950
3. Total cost of merchandise purchases of column c = $43,750
4. Cost of goods sold of column c = $42,250
5. Cost of goods sold of column d = $33,400
6. Gross profit of column b = $27,500
Explanation:
Note: See the attached excel for the calculations
The following formulas are used in the calculations in the attached excel file:
Sales = Cost of goods sold + Gross profit
Total cost of merchandise purchases = Cost goods sold - Beginning merchandise inventory + Ending merchandise inventory
Cost goods sold = Beginning merchandise inventory + Total cost of merchandise purchases - Ending merchandise inventory
Gross profit = Sales - Cost of goods sold
