The fixed asset turnover ratio is 3.0
Net fixed assets for year 1 = $620,000
Net fixed assets for year 2 = $340,000
Net sales for year 2 = $1,440,000
Analysts typically utilize the fixed asset turnover ratio (FAT) to gauge operating performance. This efficiency ratio assesses a company's capacity to generate net sales from its fixed-asset investments, specifically property, plant, and equipment (PP&E). It compares net sales (income statement) to fixed assets (balance sheet) (PP&E).
Fixed Asset turnover ratio is given by:
= Net sales for years 2/{(Net fixed assets for year 1 + net fixed assets for year 2)}/2
= 1440000/{(620000+340000)}/2
= 3.0
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a widget maker operates in a perfectly competitive market with a price of $25 for a box of widgets. the widget maker has a marginal cost curve equal to 0.26q, where q is the number of boxes of widgets produced. the widget maker currently produces 96 boxes of widgets. should the widget maker produce 97 boxes of widgets instead?
The answer is Yes, the widget maker should produce 97 boxes of widgets instead because the marginal cost of the 96th box is below marginal revenue, so the production is too low and profits are not maximized.
What is the explanation for the decision?In a typical perfectly competitive market, the firm usually takes a price as given and at equilibrium maximize profit by producing the output P>=MC. That is, the price received for the equilibrium must be greater or equals to Marginal cost.
As the marginal revenue received by a perfectly competitive firm is equal to the price P, then, we can write the profit-maximizing rule for a perfectly competitive firm as a recommendation to produce at the quantity of output where P = MC.
Missing options "None of these answers, 0 O Yes, the marginal cost of the 96th box is below marginal revenue, so production is too low, and profits are not maximized. No, while the marginal cost of the 96th box is below marginal revenue, the marginal cost of 97th box is above it, so profit is already maximized. O No, the marginal cost of the 96th box is above marginal revenue, so production is already too high"
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iddleton company uses the perpetual inventory system. the company purchased an item of inventory for $90 and sold the item to a customer for $150. how will the sale affect the company's inventory acco
The sale affect the company's inventory account and the account will decrease by $130.
What is inventory account?
Inventory accounting is the branch of accounting concerned with the valuation and recording of changes in inventoried assets. The inventory of a business typically includes commodities in three stages of production: raw goods, in-process goods, and finished goods that are ready for sale. Inventory accounting assigns values to each of these three processes and records them as corporate assets. Assets are things that will most likely be valuable to the firm in the future, so they must be precisely valued in order for the organisation to have a precise valuation.
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on january 1, 2023, jacob incorporated purchased a commercial truck for $48,000 and uses the straight-line depreciation method. the truck has a service life of eight years and an estimated residual value of $8,000. on december 31, 2024, jacob incorporated sold the truck for $43,000. what amount of gain or loss should jacob incorporated record on december 31, 2024?
The company should record a gain of $5,000 from selling the truck on December 31, 2024.
The formula for straight line depreciation:
Depreciation = (initial value of asset - salvage value) / useful life
Data from the problem:
Truck initial purchase = $48,000
Useful life = 8 years
Hence,
Depreciation per year = (48,000 - 8,000) / 8
= $5,000 per year
By December 31, 2024, it has been 2 years since the purchase. Therefore,
the asset's value = $48,000 - (2 x $5,000) = $38,000
The truck was sold at $43,000 while its value is depreciated to $38,000, hence, the company's gain is $43,000 - $38,000 = $5,000
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managers can pursue a low-cost strategy by keeping product prices or pursue a differentiation strategy and add value to a product by finding ways to .
Managers can pursue a low-cost strategy by keeping product prices as low as or lower than competitors' prices; or pursue a differentiation strategy and add value to a product by finding ways to make it superior to products of competitors
What is a low cost strategy?This is the term that is used to refer to a strategy that has to make the business to spend less money as they pursue it.
It is a strategy that would have to lead to maximization of profit while minimizing costs for the business as they go about the activities that they are chasing in the business.
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as low as or lower than competitors' prices; make it superior to products of competitors
a company acquires equipment for $50,000 and expects to use the equipment for 5 years. salvage value at the end is expected to be $10,000. the amount of annual depreciation by the straight-line method is $
The amount of annual depreciation by the straight-line method is $8000.
What is annual depreciation?Annual depreciation is described as the rate at which an asset or equipment loses its value after it is purchased and used. It is important to mention that the fixed asset loses its value and the depreciation takes annually. It can also be highlighted that any asset can lose its value especially when it undergoes wear and tear, and due to its usage, it loses its original value.
Given that,
Cost of the equipment = $50,000
Salvage value = $10,000
Useful life = 5 years
As per the formula of annual depreciation by the straight-line method,
Annual depreciation = (cost of the equipment - salvage value)/life = (50,000 -10,000)/5 = 40,000/5 = $8000
It can be concluded that the amount of annual depreciation by the straight-line method is $8000.
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if a large proportion of customers in a total market have similar product needs and the company has the resources to develop a marketing mix to satisfy them, which targeting strategy would be effective?
A homogeneous market is one in which a significant part of consumers have comparable wants for a given good. Hence, Option C is correct.
What is the meaning of want?An item that is sought is referred to as a want in economics. Everyone is considered to have infinite needs but finite resources. The foundation of economics is the idea that we have access to a finite number of resources. As a result, people are limited in what they may obtain and must search for the least expensive options.
whether the company has the means to create a marketing mix that will satisfy a sizable number of the market's customers who have similar product wants. It would be wise to use homogeneous targeting.
Therefore, Option C is correct.
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The complete Question has been attached in text form:
If a large proportion of customers in a total market have similar product needs and the company has the resources to develop a marketing mix to satisfy them, which targeting strategy would be effective?
a) undifferentiated
b) heterogeneous
c) homogenous
d) differentiated
e) concentrated
when working with customers, you should always try to keep a positive attitude. why is it important to maintain a positive attitude when working with customers?
The reason it is very necessary for one to be able tp keep a good attitude with the customers is that it would Help to establish a good customer relationship.
What is a positive attitude?This is the term that is used to refer to all of the attitudes that a person that works in a business would have that is able to keep the people that patronize them coming.
These are attitudes that would range from friendliness, open communication and the ability to help the customers to meet the needs that they are after when they are in need of such help.
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once karen and anika identify the fixed and variable costs of their business, they must then determine the number of service sales they need to make in order to produce a profit. they would do this by
Once Karen and Anika identify the fixed and variable costs of their business, they must then determine the number of service sales they need to make in order to produce a profit. They would do this by conducting a break-even analysis.
A company is defined as an organization or company engaged in commercial, industrial, or professional activity. A company can be either a commercial entity or a non-profit entity. Company types range from limited liability companies to sole proprietors, corporations, and partnerships. The purpose of a business is to provide value (through products and/or services) to customers who pay cash or equivalent. The money received should at least cover the costs of running the business and cover the living needs of the owner.
Business plays an important role in our lives. First, they produce goods and services that meet our needs and desires. It also recruits households as a labor force and provides rewards such as wages, salaries, and benefits. Therefore, it becomes a source of income that they can use to sustain their livelihoods.
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mara has worked in her company's office for many years and over time has learned who the best people are to talk to when certain issues arise. what type of knowledge does this represent?
As Mara has learned who the best people are to talk to when certain issues arise, she has tacit of knowledge.
We can describe tacit knowledge as the type of information or knowledge that someone gets by gaining experience. Such a type of knowledge is usually difficult to express and it is just something that you know over the years.
In the case mentioned in the question, Mara knows which people in a company to talk to for which type of issue because she has worked for a long time in the company. Hence, this represents tacit of knowledge.
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an off-shore windfarm is likely coming to north carolina, and beachfront property owners are concerned about potential property value impacts. to monetize these impacts, one could use the nonmarket valuation technique. select one: a. averting behavior. b. travel cost. c. hedonic. d. contingent valuation.
One could use the hedonic non-market valuation technique to monetize the impacts on property value.
What does monetize mean?Monetization is described as a method through which something is converted into an asset that can generate money.
The hedonic non-market valuation technique is described as a non-market value evaluation method. It attempts to segregate the impact of the non-market features like noise pollution, nearness of properties to beaches, and nearness to a landfill area on an asset or any property.
It can e concluded that one could use the hedonic non-market valuation technique to monetize the impacts on property value.
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during its most recent fiscal year, dover, incorporated had total sales of $3,380,000. contribution margin amounted to $1,590,000 and income was $535,000. what amount should have been reported as fixed costs in the company's contribution margin income statement for the year?
$1,105,000 have been reported as fixed costs in the company's contribution margin income statement for the year.
Amount or equivalent paid or charged for something: Price The average cost of a college education has increased dramatically. b: Effort or expense (in the form of effort or sacrifice) made to achieve a goal. Although he gained fame, he lost a few friends.
“Cost” in the singular refers to the total for the entire group. "Cost" refers to all pieces in that group. For example, "The cost of a service includes the cost of materials and labor." From legal contracts to budget discussions, the difference between "cost" and "cost" often confuses people.
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what is the optimal pigouvian tax to address the externality? b) after the tax in (a) is imposed, what are the levels of cs, ps, environmental damage, and tax revenue?
At the quantity of pollution that is socially optimal, the optimal Pigouvian tax is equal to the marginal social cost of pollution.
How does a Pigouvian tax resolve the issue of externality?
Pigouvian taxes are primarily used to combat market inefficiencies by raising the marginal private cost by the negative externality's generated amount. The total social cost of the economic activity will be reflected in the final cost (original cost minus tax).
To deal with a positive externality, what is the pigovian solution?
A pigouvian subsidy is one that is used to encourage behavior that benefits society as a whole or other people who are not involved. Positive externalities are behaviors or actions that benefit people who are not involved in the transaction.
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3. bob owns a 2-acre parcel of land. he purchased 5 years ago to build his vacation cottage home when he retires next year. earlier this year the city of wander in an effort to control the rapid growth of the community and to maintain the country setting of the neighborhoods amended its existing zoning ordinance to limit the size of buildable lots to 4 acres. however, the ordinance did not modify the existing permission to place any size of rv or other mobile structure on city lands. bob filed for an application for a building permit with the city when he was told his request was denied due to the zoning requirements. bob contents that the zoning ordinance constitutes a deprivation of property without due process of law? is he correct? why or why not? please briefly explain your answers.
No. In this case, Bob is incorrect. The zoning ordinance does not constitute property deprivation without a proper legal process.
What is zoning ordinance?
A zoning ordinance, that also specifies the land use of build strong and even individual lots within a city block, is typically used to develop zoning regulations. Zoning regulations include lot size, density as well as bulk, tallness, and floor area ratio requirements (FAR). The zoning ordinance formalises the land-use policies that apply to land within a municipal government. It also establishes the legal framework. The zoning ordinance defines permitted land uses and differentiates between different types of land uses. It also guarantees that incompatible land use of are not located next to each other.
No. In this case, Bob is incorrect. The zoning ordinance does not constitute property deprivation without a proper legal process. The amended ordinance limits buildable lots to 4 hectares, but Bob only owns 2 acres of parcel land. On city property, any size RV or other portable structure is permitted. The city has the right to implement zoning laws and to amend them for the betterment of the community as long as it does not infringe on his freedom.
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the process of determining an organization's basic mission and long-term objectives and then implementing a plan of action for pursuing this missionand attaining these objectives is known as
Strategic management, then, is the process of carrying out a plan to achieve these kinds of goals.
The process of identifying an organization's long-term mission and objective is known as strategic management. It essentially consists of organizing the analyses, administration, and planning necessary to achieve the main goal.
The main focus of strategic management is on developing plans of action that managers may employ to effectively accomplish their objectives.
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If an increase of $10 billion of investment results in an increase in equilibrium expenditure of $40 billion, the expenditure multiplier equals.
Based on the fact that the increase in investment led to such an increase in equilibrium expenditure, then the expenditure multiplier can be found to be E. $40 billion ÷ $10 billion = 4.
How to find the expenditure multiplier?The expenditure multiplier shows how much expenditure will increase by, as a result of an increase in investment or other factors that bring about a cash injection into the economy.
The expenditure multiplier in this case, can be found by the formula:
= Equilibrium expenditure / Increase in investment
Solving for the Expenditure multiplier gives:
= 40 billion / 10 billion
= 4
Options for this question include:
A. $10 billion $40 billion = - $30 billion. B. $40 billion $10 billion = $30 billion. C. $10 billion x $40 billion = $400 billion. D. $10 billion ÷ $40 billion = 0.25. E. $40 billion ÷ $10 billion = 4Find out more on expenditure multiplier at https://brainly.com/question/14486062
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examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing procedures are all examples of
Common corroborating procedures include examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing procedures.
What is evidence ?Evidence refers something that can be used to prove something. For example, the evidence presented at the trial, or the trail of breadcrumbs following Hansel's trail through the woods. Evidence is an item presented by a party to make the auditing of a fact more or less likely. Evidence may take the form of testimony, documents, photographs, videos, audio recordings, DNA tests, or other physical objects. There are two types of evidence for auditing . direct evidence and circumstantial evidence testimonies.This is one of the most common forms of evidence given orally or in writing by a witness under oath. It can be obtained in court, by affidavit, or by affidavit.To learn more about evidence from the given link :
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which of the following statements is false regarding credit risk analysis? a comprehensive credit risk analysis involves evaluating and summarizing the various individual risks associated with a loan. credit risk is not affected by the aggressive application of accounting standards since cash flows are not impacted by financial reporting choices. a simple alternative to credit risk analysis is to rely on credit reports issued by third parties. certain financial statement ratios are very useful in predicting loan default.
Certain financial statement ratios are very useful in predicting loan default is false regarding credit risk analysis.
So, the correct option is D.
Before extending trade credit, you should perform a credit risk analysis to determine the likelihood that a customer will miss a payment. Understanding a customer's history of on-time payments and the ability to do so in the future can help you assess their creditworthiness. Traditional credit analyses follow a precise process that includes three crucial steps: gathering information; carefully examining this information, and making decisions.
Credit analysis assesses the riskiness of debt instruments issued by businesses or other organizations to determine the capacity of the company to fulfill its commitments. With regard to investing in that specific firm, the credit analysis aims to determine the right amount of default risk.
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if the marginal physical product (mpp) is falling, then the group of answer choices marginal cost of each unit of output is rising. total cost of each unit of output is falling. marginal cost of each unit of output is falling. total cost of each unit of output is rising.
If the marginal physical product (MPP) is falling, then the marginal cost of each unit of output is rising.
The marginal sales product is calculated by multiplying the marginal physical product (MPP) of the aid via the marginal sales (MR) generated. The MRP assumes that the prices on different factors continue to be unchanged and enables determining the most useful level of aid.
The marginal made from capital (MPK) is the additional output resulting, ceteris paribus, from the usage of a further unit of physical capital, including machines or homes utilized by companies.
The maximum retail rate is labeled on every product. It is the very best fee decided via the manufacturers for a specific product before the sale in India. Stores can't rate clients more than MRP. The most retail rate published on a product is along with all taxes.
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ove files a suit against po, claiming that the defendant failed to pay for goods shipped in response to an alleged e-mail order. po denies the charge. if the e-mail order exists, it is
If the e-mail order exists, then it is a. evidence.
Evidence can be described as proof or confirmation of something. It is a proof to claim and show that what you said or imposed was correct.
In the case above, there is a conflict between Ove and Po. Ove in her case has said that Po failed to ship over the goods that were mentioned in the e-mail order. Po is denying this allegation.
If the e-mail order is found then it will be evidence in front of the court that Ove was correct. Hence, in the case above, the e-mail order acts as evidence.
Although a part of your question is missing, you might be referring to this question:
Ove files a suit against Po, claiming that the defendant failed to pay for goods shipped in response to an alleged e-mail order. Po denies the charge. if the e-mail order exists, it is
a. evidence.
b. a deposition.
c. an interrogatory.
d. discovery.
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which one of the following insurance policy provisions requires the insured to pay for part of the loss if the property is not insured for the specified percentage of replacement value? group of answer choices personal property floater an endorsement coinsurance clause umbrella coverage assigned risk clause
Coinsurance clauses in insurance policies require the insured to cover a portion of the loss if the property is not covered for the required percentage of replacement value.
Coinsurance clause: what is it?Coinsurance is a term used in insurance contracts by insurance providers for building-related property insurance policies. This provision guarantees that policyholders insure their assets for a reasonable amount and that the insurer is paid a reasonable premium for the risk.
The common way to express coinsurance is as a percentage. The majority of coinsurance clauses demand that policyholders insure a property for 80, 90, or 100% of its actual value.
For instance, a $1,000,000 replacement value building with a 90% coinsurance clause must have a minimum of $900,000 in insurance coverage. An 80% coinsurance clause on the same building necessitates insurance coverage of at least $800,000.
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rising cotton prices have forced quilters to switch from fabric to linen. what happened to consumer surplus in the market for linen, assuming supply held steady and the market sells at the equilibrium price?
Consumer surplus will be smaller after increase in demand.
Shopper excess is the contrast between the greatest value clients will pay for an item or administration, and the real cost for the item or administration. The interest bend ordinarily has a descending slant, since clients can continuously purchase a bigger amount given a lower cost. The region underneath the interest bend or more the balance cost is the buyer excess.
What befalls shopper overflow when the cost increments?
Buyer excess generally increments as the cost of a decent falls and diminishes as the cost of a decent ascents.
How are the shopper excess and maker excess impacted by decline in balance value because of shift in supply bend?
On the off chance that there is an outward shift of supply - for instance brought about by an improvement underway innovation or efficiency, then, at that point, the harmony cost will fall, and amount requested will grow. This prompts an expansion in shopper surplus to another area of AP2C.
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tom wishes to purchase a property that has been valued at $300,000. he has 25% of this amount available as a cash deposit, and will require a mortgage for the remaining amount. the bank offers him a 25-year mortgage at 2% interest. calculate his monthly repayments. give your answer in dollars and cents. do not include commas or the dollar sign in your answer.
Mortgage at 2% interest in his monthly repayments for 25years as follows:
Given,
Total property value = $300000
Cash deposit rate = 25% or 0.25
Term of mortgage = 25 years
Interest rate = 2% or 0.02
Solution: -
Mortgage amount = Total property value x (1 - cash deposit rate)
= $300000 x (1 - 0.25)
= $300000 x 0.75 = $225000
Monthly interest rate (r) = 0.02/12 = 0.0016666666666667
Number of months (n) = 25 years x 12 = 300
Now,
Monthly repayment = (Mortgage amount x r) \div [1 - (1 + r)-n]
= ($225000 x 0.0016666666666667) \div [1 - (1 + 0.0016666666666667)-300
= $375 \div [1 - (1.0016666666666667)-300
= $375 \div [1 - 0.60678315291087]
= $375 \div 0.39321684708913 = $953.67
So, his monthly payment is $953.67 ANS.
Divide your hobby fee through the quantity of bills you may make that year. If you've got a 6-percentage hobby fee and you are making month-to-month bills, you will divide 0.06 through 12 to get 0.005. Multiply that quantity through your ultimate mortgage stability to discover how tons you may pay in hobby that month.
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the following information was drawn from the year 1 accounting records of ozark merchandisers: inventory that had cost $20,400 was sold for $36,720 under terms 2/20, net/30. customers returned merchandise to ozark five days after the purchase. the merchandise had been sold for a price of $1,254. the merchandise had cost ozark $760. all customers paid their accounts within the discount period. selling and administrative expenses amounted to $3,672. interest expense paid amounted to $290. land that had cost $6,900 was sold for $8,625 cash. required a. determine the amount of net sales. b. prepare a multistep income statement. c. where would the interest expense be shown on the statement of cash flows? d. how would the sale of the land be shown on the statement of cash flows?
C) Interest expense should under Cash flow from operating activities
D) Sale of land shown in Cash flow from investing activities $8625
What is Cash flow?
Cash flow refers to the quantity of cash or money that a corporation gets or expends as payment(s) to creditors. Cash flow analysis is frequently used to assess a company's liquidity condition. It provides a depiction of the amount of cash going into the business, where it is coming from, and how much is leaving. As previously stated, cash flows can be either positive or negative. It is computed by deducting the cash amount at the start of a period, also known as the opening balance, from the cash position at the conclusion of the period (which could be a month, quarter, or year), also known as the closing balance.
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granite stone creamery sold ice cream equipment for $13,600. granite stone originally purchased the equipment for $84,000, and depreciation through the date of sale totaled $68,000. what was the gain or loss on the sale of the equipment?
Ice cream-making supplies were sold by granite stone creamery for $13,600. Granite Stone paid $84,000 for the equipment initially, and $68,000 in depreciation up until the date of sale., then $3,400 was lost when the equipment was sold.
We first determine the equipment's book value.
Asset cost: $84,000
Depreciation over time equals $68,000.
Cost of the asset - accumulated depreciation is a formula for book value,
$84,000 - $68,000= $16,000
Therefore, Gain or Loss on the Asset: Equipment Sale Value = $13,600
The equipment has a book value of $16,000.
Equipment loss = sale value - book value,
$13,600 -$16,000 = - $3,400. Here, a -ve sign indicates a loss
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________ flows are the physical products, raw materials, supplies, and so forth that flow along the chain.
Material flows involve the flow of raw materials, physical products, supplies, and so forth along the supply chain.
In the supply chain, material flows handle the flow of all physical products from the distributor all the way down to delivering to the consumers. Typically, the flow of material usually starts with the raw material distributor to manufacturers to warehouses, and delivery to the final consumer.
Material flow is unidirectional as it usually flows in one direction, that is from distributor to consumer. However, on certain occasions, when a product is returned from the consumer, material flows go in another direction; as the concerns relating to customer returns and service needs are also part of material flows.
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List and explain four costs and risks of holding little inventory
Answer: death and starvation
Explanation:
if you are on little supply that’s not good for the human body. However you will be able to survive about 4 months.
the real risk-free rate is 3.00%. inflation is expected to be 1.75% this year and 4.00% during the next 2 years. assume that the maturity risk premium is zero. what is the yield on 2-year treasury securities? do not round intermediate calculations. round your answer to two decimal places. % what is the yield on 3-year treasury securities? do not round intermediate calculations. round your answer to two decimal places. %
The maturity risk premium is zero then Yield on 2 year treasury securities are . r=5.87%
Yield on 3 year treasury securities are . r= 6.25%
On 2 year treasury securities
r= 3.00%+((1.75%+4.00%)/2)
r=5.87%
On 3 year treasury securities
r = 3.00%+((1.75%+4.00%+4.00%)/3)
r= 6.25%
We have take average inflation premium in average. Formula for calculating yield on treasury securities are R+IP
Where R is risk free rate and IP is inflation premium
According to the maturity length, a Treasury yield is the effective annual interest rate that the United States government pays on the money it borrows to raise capital through the sale of Treasury bonds, also known as Treasury notes or Treasury bills.
The U.S. Department of the Treasury issues debt obligations under the name "Treasury securities," which includes Treasury bills, notes, and bonds. Because they are backed by the full faith and credit of the United States government, Treasury securities are among the safest investments.
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carey opens a law office in chicago on january 1, 2021. on january 1, 2021, carey purchases an annual subscription to a law journal for $170 and a 1-year legal reference service for $1,500. carey also subscribes to chicago magazine for $54 so she can find great places to take client's to dinner and review the best 50 lawyers in chicago list published each year. calculate carey's deduction for the above items for the 2021 tax year. $fill in the blank 1
If carey also subscribes to chicago magazine for $54 so she can find great places to take client's to dinner and review the best 50 lawyers in chicago list published each year. carey's deduction on for the above items for the 2021 tax year is : $1724
Determining carey's deductionUsing this formula
Deduction = Annual subscription + Legal reference service + Chicago magazine
Where:
Annual subscription = $170
Legal reference service = $1500
Chicago magazine = $54
Let plug in the formula
Deduction = $170 + $1500 + $54
Deduction = $1724
Therefore the deduction is the amount of $1724.
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the max, is a mall-based specialty retailer of casual apparel and accessories. the company concept is to provide the customer with a focused selection of high-quality, active-oriented fashions at compelling values. the items reported on its income statement for an earlier year (ended march 31) are presented here (dollars in thousands) in simplified form in alphabetical order: cost of goods sold $ 1,151,349 interest expense 560 net revenue 1,955,531 other selling, general, and administrative expenses 404,883 provision for income taxes 91,387 weighted average shares outstanding 74,832 required: a. prepare a classified (multiple-step) consolidated income statement (showing gross profit, operating income, and income before income taxes). include a presentation of basic earnings per share. b. what is the gross profit percentage?
a) The preparation of the classified (multiple-step) consolidated income statement for The Max is as follows:
The Max, Inc.
Classified (multiple-step) consolidated income statementFor the year ended March 31
Net revenue $1,955,531
Cost of goods sold 1,151,349
Gross profit $804,182
Other selling, general, and
administrative expenses 404,883
Operating income $399,299
Interest expense 560
Income before taxes $398,739
Provision for income taxes 91,387
Net income $307,352
Basic Earnings Per Share $4.11
b) The gross profit percentage is 41.12%.
What is the classified (multiple-step) income statement?The classified or multiple-step income statement is a financial performance statement that shows the different profit levels.
The first profit level, which can also be expressed in percentages, is the gross profit. The gross profit percentage is equal to the gross profit over the net revenue multiplied by 100.
The other profit levels are operating income, income before taxes, and net income.
Cost of goods sold $ 1,151,349
Interest expense 560
Net revenue 1,955,531
Other selling, general, and administrative expenses 404,883
Provision for income taxes 91,387
Weighted average shares outstanding 74,832
Net income = $307,352
Basic Earnings Per Share = $4.11 ($307,352/74,832)
Gross profit percentage = 41.12% ($804,182/$1,955,531 x 100)
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all of the following would enhance recruiter effectiveness except: group of answer choices ensuring that recruiters provide applicants with timely feedback. recruiting in teams rather than individually. using realistic work perusal as part of the recruitment process. ensuring that recruiters are knowledgeable about company policies and procedures.
It shows employers how to develop a focused recruitment strategy that takes into account the job applicant’s perspective, targets and reaches specific types of candidates with a well-crafted message, and secures the most highly qualified candidates for the organization.
Employment is a courting between two parties regulating the provision of paid labor services. Usually based totally on an agreement, one birthday party, the organization, which is probably a business enterprise, a not-for-earnings enterprise, a co-operative, or some other entity, can pay the other, the worker, in return for wearing out assigned work. Personnel work in return for wages, which may be paid on the premise of an hourly fee, by means of piecework or an annual income, relying on the type of work an employee does, the triumphing conditions of the arena, and the bargaining power among the parties.
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