Answers
Answer: 1.7%
Explanation:
You can use the RATE function on Excel to calculate this.
Number of periods = 2000 - 1980 = 20
Payment = 0 as this is not a payment expression
Present value = -95000. Present value should be in decimals.
Future value = 133,300
The formula will return a value of 1.7% as shown in the attachment.
Related Questions
what are good ways to start earning money
Answers
Answer:
Explanation:
Sell your gently used clothes. ...
Trade in old phones, electronics for cash. ...
Drive for Uber, Lyft. ...
Make deliveries for Amazon, Uber Eats. ...
Become a dog walker or dog sitter. ...
Get a babysitting gig. ...
Find work as a housesitter. ...
Sell unused gift cards.
The daily output at a plant manufacturing desks is approximated by the function f(L,K)=30K7/10L4/5 desks where L is the size of the labor force measured in hundreds of worker-hours and K is the daily capital investment in thousands of dollars. If the plant manager has a daily budget of $14,000 and the average wage of an employee is $11.50 per hour, what combination of worker-hours (to the nearest hundred) and capital expenditures (to the nearest thousand) will yield maximum daily production?
Answers
Answer: Hello your function is poorly written below is the properly written function f( L,K ) = 30K^(7/10) L^(4/5)
answer : K = $7000 , L = 600 hours
Explanation:
Given Function = f( L,K ) = 30K^(7/10) L^(4/5)
L = size of labor in workers-hours
K = daily capital investment
Daily budget = $14000
average wage of employee = $11.5
Determine the combinations and capital expenditure that would yield max daily production
we will apply the relation below
K^(7/10) = L^(4/5)
K^(7/10) ≈ L^(8/10) ( where L = 14000 - k )
K^(7/10) = ( 14000 - k )^(8/10 )
when we resolve the above equation
K = $7000
L = 7000 / 11.5 ≈ 608 workers
a. Calculate the expected return for each of the stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the standard deviation for each of the stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the covariance between the returns of the two stocks
Answers
Answer:
Note: Question is incomplete but full question is attached as picture below
a) Expected return = Probability of recession*Return during recession + Probability of normal*Return during normal + Probability of boom*Return during boom
Expected return for stock A = 0.21*0.04 +0.61*0.12 + 0.18*0.30
Expected return for stock A = 0.1356
Expected return for stock A = 13.56%
Expected return for stock B = 0.21*-0.41 + 0.61*0.31 + 0.18*0.54
Expected return for stock B = 0.2002
Expected return for stock B = 20.02%
b) Standard deviation of stock = √{Probability(Recession)*(Rate during recession - expected rate )^2 + Probability(Normal)(Rate during normal - expected return)^2 + Probability(Boom)*(Rate in boom - Expected return)^2}
Standard deviation of stock A = √[(0.21*(0.04-0.1356)^2 + 0.61*(0.12 - 0.1356)^2 + 0.18*(0.30-0.1356)^2)^0.5]
Standard deviation of stock A = 0.0832
Standard deviation of stock A = 8.32
Standard deviation of stock B = √(0.21*(-0.41-0.2002)^2 + 0.61*(0.31 - 0.2002)^2 + 0.18*(0.54-0.2002)^2)^0.5]
Standard deviation of stock B = 0.3260
Standard deviation of stock B = 32.60%
Parent Co. purchased the entire business of Subsidiary Co. including all its assets and liabilitie:s for $600,000. Below is information related to the two companies:
Parent Subsidiary
Fair value of assets $1,050,000 $800,000
Fair value of liabilities 575,000 300,000
Reported assets 800,000 650,000
Reportedliabilities 500,000 250,000
Net Income for the year 60,000 50,000
How much goodwill did Parent pay for acquiring Subsidiary?
A) S200,000.
B) $150,000.
C) $300,000
D) $100,000.
Answers
Answer:
Option D ($100,000) is the correct choice.
Explanation:
Given:
Fair value of Assets,
= $800,000
Fair value of liabilities,
= $300,000
Consideration amount,
= $600,000
Now,
The net assets of subsidiary will be:
= [tex]Assets \ fair \ value-Liabilities \ fair \ value[/tex]
= [tex]800000-300000[/tex]
= [tex]500000[/tex]
hence,
The goodwill will be:
= [tex]Consideration \ amount-Net \ assets \ of \ subsidiary[/tex]
= [tex]600000-500000[/tex]
= [tex]100000[/tex] ($)
Assume that you are an intern with the Brayton Company, and you have collected the following data: The yield on the company's outstanding bonds is 7.75%; its tax rate is 40%; the next expected dividend is $0.65 a share; the dividend is expected to grow at a constant rate of 6.00% a year; the price of the stock is $15.00 per share; the flotation cost for selling new shares is 10%, and the target capital structure is 45% debt and 55% common equity. What is the firm's WACC, assuming?
Answers
Answer:
The firm's WACC will be "8.04%".
Explanation:
The given values are:
Yield of maturity,
= 7.75%
Rate of tax,
= 40%
Next year's dividend,
= $o.65
Growth,
= 6%
Share price,
= $15
Flotation cost,
= 10%
[tex]w_d=45 \ percent[/tex]
[tex]w_s=55 \ percent[/tex]
Now,
= [tex]r_d(1-Rate \ of \ tax)[/tex]
On substituting the values, we get
= [tex]7.75(1-0.40)[/tex]
= [tex]4.65 \ percent[/tex]
The [tex]r_e[/tex] will be:
= [tex]\frac{D1}{p}\times (1-F)+G[/tex]
= [tex]\frac{0.65}{15}\times (1-0.1)+6[/tex]
= [tex]4.81+6[/tex]
= [tex]10.81 \ percent[/tex]
hence,
The firm's WACC will be:
= [tex]w_d(r_d)(1-T)+w_s(r_s)[/tex]
= [tex]0.45\times 4.65+0.55\times 10.81[/tex]
= [tex]2.0925+5.9455[/tex]
= [tex]8.04[/tex]%
Conduct a meeting with the client about negotiating. please write a conversation or scenario?
Answers
The correct answer to this open question is the following.
Conduct a meeting with the client about negotiating.
I choose to write about the scenario.
In this meeting with my client, I am going to provide him with important tools to improve his negotiation skills so he can get better deals for his company.
I would create the scenario in which I will be the other part he is about to negotiate with. For this to happen, I am going to explain some basic principles about negotiation and put a series of examples so he can grasp the most important ideas.
Secondly, I am going to share a handbook, or better said, a manual with important key principles of negotiation that could serve him as a guide so he can feel more confident during the negotiation process.
Finally, we are going to have at least thirty minutes to practice a real-life negotiation scenario. It is going to be something basic but real so my client can face some adversity since the beginning of the negotiation process so he can have a good idea of the importance of being fully prepared before entering the negotiating table.
Winthrop Manufacturing produces a product that sells for $50.00. Fixed costs are $260,000 and variable costs are $24.00 per unit. Winthrop can buy a new production machine that will increase fixed costs by $11,400 per year, but will decrease variable costs by $3.50 per unit. Compute break-even point in units if the new machine is purchased.
Answers
Answer:
See nelow
Explanation:
New fixed cost = $260,000 + $11,400 = $271,400
New variable cost = $24 - $3.5 = $20.5
New contribution margin = $50 - $20.5 = $29.5
Break even unit
= Fixed cost / Contribution margin
=$271,400 / 29.5
= 9,200 units
Therefore, break even points in dollars
= Break even unit × Sales per unit
= 9,200 units × $50
= $460,000
On January 1, 2020, Sheffield Corp. issued ten-year bonds with a face amount of $4500000 and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 11%. Present value factors are as follows: At 8% At 11% Present value of 1 for 10 periods 0.463 0.352 Present value of an ordinary annuity of 1 for 10 periods 6.710 5.889 The total issue price of the bonds was $3704040. $4140000. $4365000. $4500000.
Answers
Answer: $3,704,040
Explanation:
The issue/ selling price of a bond is calculated by the formula:
= Present value of coupon payments + Present value of face value
The coupon payments will be an annuity and in cash terms are:
= 8% * 4,500,000
= $360,000
Selling price:
= (360,000 * Present value of an ordinary annuity factor, 11%, 10 periods) + (4,500,000 * Present value discount factor, 11%, 10 periods)
= (360,000 * 5.889) + (4,500,000 * 0.352)
= $3,704,040
Assume that the marginal tax rate is as follows: 10% for $0-$10,000; 15% for $10,000.01-$25,000; 20% for $25,000.01-$50,000; and 25% for $50,000.01 or more. Next, assume a business has an EBIT of $10,100 and an interest expense of $0. What would you expect the average tax rate on the ROA to be
Answers
Answer:
e, 10.15%
Explanation:
The computation of the average tax rate on the ROA is shown below
Given that the business has an EBIT of $10,100 and the interest expense is $0
So based on the given options, we can say that the expected average tax rate on the ROA is 10.15%
Therefore, the option e is correct
And, the same would be considered and relevant
Common Law is?
A. The basis of the legal system in the United States, England, and most of Western Europe.
B. Based on a commonly accepted principles that are then legislated as laws.
C. A contract between two people or companies.
D. A complete set of laws based on commonly accepted principles that are enacted as a single code.
Answers
Answer:
hope this helps uuuuu.......
Explanation:
D........A complete set...
Calgary Industries is preparing a budgeted income statement for 2020 and has accumulated the following information. Predicted sales for the year are $730,000 and cost of goods sold is 40% of sales. The expected selling expenses are $81,000 and the expected general and administrative expenses are $90,000. The company's income tax rate is 30%. The budgeted net income for 2020 is:
Answers
Answer:
$186,900
Explanation:
Calculation to determine what The budgeted net income for 2020 is:
2020 BUDGETED NET INCOME
Sales $730,000
Variable cost
Less 40% of sales ($292,000)
(40% of 730,000)
Less Selling expense ($81,000)
Less Administrative expense ($90,000)
Earnings before taxes $267,000
($730,000-$292,000-$81,000-$90,000)
Less Income tax expense
30% of EBT ($80,100)
(30% of 267,000)
Net Income $186,900
($267,000-$80,100)
Therefore The budgeted net income for 2020 is:$186,900
Who makes it rain every summer
Answers
Answer:
Tlaloc
Aztec rain god.
Explanation:
Air that is warmer is able to evaporate more water into the atmosphere. An air mass with more water vapor available to precipitate will naturally create more precipitation. While this is not the only reason, it is the primary reason for greater rainfall in the Triad during the summer months.
Identify ways you could establish credit
Answers
Answer:
The answer is below
Explanation:
Getting or establishing credit is simply a way of having a credit history. Hence to establish credit, there are ways to go about it, some of which are:
1. Get a co-signer or co-applicant
2. Ensure you have a secured credit card
3. Apply for a credit-builder loan or a secured loan
4. Get savings and checking accounts with banks.
5. Have good credits habits and be consistent
6. Assess your credit scores and reports.
Consider the following payoff matrix for a game in which two firms attempt to collude under the Bertrand model:
Firm B cuts Firm B colludes
Firm A cuts 6,6 24,8
Firm A colludes 8,24 12,12
Here, the possible options are to retain the collusive price(collude) or to lower the price in attempt to increase the firm's market share (cut). The payoffs are stated in terms of millions of dollars of profits earned per year. What is the Nash equilibrium for this game?
a. Both firms cut prices.
b. Both firms collude.
c. B cuts and A colludes.
d. A cuts and B colludes.
Answers
Answer:
A
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
For either firm, the payoff of cutting price is either 6 or 24
For either firm, the payoff of colluding is either 8 or 12
the dominant strategy for both firms is to cut price because it is the best option regardless of what the other firm does as it yields the highest payoffs.
Thus, the Nash equilibrium is to cut price
:
2. The process of monitoring performance, comparing it with goals and correcting any
significant deviations is known as?
a. Planningser
b. Organizing
c. Leadings
d. Controlling
Answers
Answer:
hope this helps
Explanation:
organizing
Drawing on her account at Regional Bank, Samantha writes a check to Isabella, who deposits the check in her saving account at Local Bank. Once the check has cleared, which of the following will occur to the money supply?
a. M1 will increase.
b. there will be no change in M1.
c. M1 will decrease.
d. M2 will increase.
Answers
Answer:
b
Explanation:
Select the correct answer.
Approximately what portion of global employers tends to use social media websites to hire new employees?
ОА.
30 percent
OB. 40 percent
OC.
50 percent
OD
60 percent
ОЕ.
70 percent
Answers
Answer: Hello, There! your Answer is Below
B. 40 percent
Explanation:
40 percent employers use social media websites to hire employees.
Hope this Helps you!!
Have a great day!!
The steady growth line best supports which conclusion about the economy
represented in the graph?
A.The economy as a whole continues to grow between each
business cycle.
O B. The economy is weak and will likely enter a depression in the next
business cycle.
C. The economy has more pronounced peaks than valleys in each
business cycle.
D. The economy does not show a consistent pattern in its business
cycles.
Answers
Answer:
A.The economy as a whole continues to grow between each business cycle.
Explanation:
The steady growth line best supports the conclusion about the economy
represented in the graph is that "The economy as a whole continues to grow between each business cycle."
The above statement is true because the production output of the firm continues to rise with time. As time goes on in the business cycle of the firm, the firm continues to grow, which is evident in the increase in the level of production.
James, Inc. provides the following data: 2025 2024 Cash $132,000 $121,000 Accounts Receivable, Net 75,000 52,000 Merchandise Inventory 49,000 43,000 Property, Plant, and Equipment, Net 122,000 99,000 For the year ending December 31, 2025: Net Sales Revenue $451,000 Cost of Goods Sold (315,000) Gross Profit $136,000 Calculate the number of days' sales in inventory for 2025. (Use 365 days for any calculations.) A. 56.77 days B. 53.28 days C. 51.41 days D. 123.31 days
Answers
Answer:
Option A is correct
Days' sales in inventory= 56.77 days
Explanation:
The days' sales in inventory is the average length if days for which product remain in stock until they are sold. The shorter the days the better.
Days' sales in inventory = (closing stock/cost of goods sold) × 365 days
Days' sales in inventory= 49,000/315,000× 365 days= 56.77 days
Days' sales in inventory= 56.77 days
The following is a summary of information presented on the financial statements of a company on December 31, 2025. Account 2025 2024 Net Sales Revenue $601,000 $504,000 Cost of Goods Sold 456,000 405,000 Gross Profit 145,000 99,000 Selling Expenses 51,000 54,000 Net Income Before Income Tax Expense 94,000 45,000 Income Tax Expense 39,000 23,000 Net Income $55,000 $22,000 With respect to gross profit, a horizontal analysis reveals ________. (Round your answer to two decimal places.)
Answers
Answer:
Changes in gross profit from 2024 to 2025 = Gross profit of 2025 - Gross profit of 2024
Changes in gross profit from 2024 to 2025 = $145,000 - $99,000
Changes in gross profit from 2024 to 2025 = $46,000
Horizontal analysis formula:
% change in gross profit = Change in parameter/Base year parameter * 100%
% change in gross profit = $46,000/$99,000 * 100
% change in gross profit = 46.46464646464646%
% change in gross profit = 46.46%
With respect to gross profit, a horizontal analysis reveals a 46.46% increase in gross profit from 2024 to 2025.
Current Attempt in Progress Hsung Company accumulates the following data concerning a proposed capital investment: cash cost $187,990, net annual cash flows $39,500, and present value factor of cash inflows for 10 years is 5.02 (rounded). (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).) Determine the net present value, and indicate whether the investment should be made. Net present value $enter the net present value in dollars The investment select an option be made.
Answers
Answer:
$10,300
the investment should be made because the NPV is positive
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV = present value of the cash flows - Cost of the asset
present value of the cash flows = ($39,500 x 10) x (5.02/10) = 198290
NPV = 198290 - $187,990 = $10,300
The NPV is positive. this means that the investment is profitable. So, the investment should be made
Which of the following situations describes a multiple regression? a.) Using the average salary of a homeowner and the number of bedrooms to predict the listing price and square footage of a home. b.) Using the listing price of a home to predict the annual salary of a homeowner, the number of bedrooms, and the square footage. c.) Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home. d.) Using the square footage to predict the listing price of a home.
Answers
Answer:C. Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home.
Explanation:
Multiple regression is simply a simple linear regression extension. Multiple regression is used when the researcher wants to forecast the value of a particular variable which is based on the value of other variables which are usually two or more.
With regards to the above question, the situation that describes the multiple regression is option C "Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home".
There are three variables that are involved which are the average salary of homeowner, the number of bed rooms and also the square feet to predict the listing price of the home.
Answer:
c.) Using the average salary of a homeowner, the number of bedrooms, and the square footage to predict the listing price of a home.
Explanation:
Got it right on the test.
Magic Corporation manufactures water toys. It plans to grow by producing high-quality water toys that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Magic believes that continuously improving its manufacturing processes and re-engineering processes to downsize and eliminate excess capacity are critical to implementing its strategy. Which of the following best describes Magic's strategy?
A) product differentiation
B) product leadership
C) cost differentiation
D) cost leadership
Answers
Answer: D. Cost leadership
Explanation:
Magic's strategy in this case is cost leadership. Cost leadership is when a company produces ita product by using the lowest production cost and therefore has a competitive edge towards its rivals.
In a cost leadership strategy, the cost is reduced and the company therefore makes the least expensive goods in the industry and thus gain marhet share.
Sergey bought two shares of a stock at $22 each in early January 2018. At the end of a year he earned $2 dividend on each one. By year-end 2018 the price had risen to $22.50. In early January (after the holidays) he bought another share at that price. At year-end 2019 the price was $22.80 and the dividend of $2 a share was again paid out. What was the dollar weighted return on his investment?
Answers
Answer: 10.79%
Explanation:
Based on the information given, the return in year 1 will be:
= (22.5 + 2)/21 - 1
= 1.1136 - 1
= 0.1136
= 11.36%
The return in year 2 will be:
= (22.8 + 2)/22.5 - 1
= 1.1022 - 1
= 0.1022
= 10.22%
Therefore weighted return will be:
= (11.36% + 10.22%)/2
= 21.58%/2
= 10.79%
Answer the question on the basis of the following list of assets:1. Large-denominated ($100,000 and more) time deposits2. Noncheckable savings deposits3. Currency (coins and paper money) in circulation4. Small-denominated (less than $100,000) time deposits5. Stock certificates6. Checkable deposits7. Money market deposit accounts8. Money market mutual fund balances held by individuals9. Money market mutual fund balances held by businesses10. Currency held in bank vaultsRefer to the above list. The M2 definition of money comprises(Points : 1) items 2, 3, 4, 6, 7, 8, and 10.items 3, 4, 5, and 6.items 2, 3, 4, 6, 7, and 8.all of the items listed.
Answers
Answer: Items 2, 3, 4, 6, 7, and 8
Explanation:
The M2 definition of money includes M1 money and then some other types of instruments that are quite highly liquid and so can be converted to liquid cash quickly if needed.
M2 includes:
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
ina Inn and Midwest Chicken exchanged assets. China Inn received a delivery truck and gave equipment. The fair value and book value of the equipment were $20,500 and $11,400 (original cost of $42,000 less accumulated depreciation of $30,600), respectively. To equalize market values of the exchanged assets, China Inn paid $8,700 in cash to Midwest Chicken. 1. At what amount did China Inn record the delivery truck
Answers
Answer:
1. $29,200
2. $9,100
Explanation:
1. Calculation to determine At what amount did China Inn record the delivery truck
Using this formula
Delivery truck amount=Fair value of the delivery truck+Cash paid
Let plug in the formula
Delivery truck amount=$20,500 + $8,700
Delivery truck amount=$29,200
Therefore The amount that China Inn record the delivery truck is $29,200
2. Calculation to determine How much gain or loss did China Inn recognize on the exchange
Using this formula
Gain of Exchange=Fair value of the delivery truck-Book value
Let plug in the formula
Gain of Exchange =$20,500- $11,400
Gain of Exchange=$9,100
Therefore The amount of gain or loss that China Inn recognize on the exchange is $9,100
Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square feet) where she meets with clients, prepares bills, and performs other work-related tasks. Her business expenses, other than home office expenses, total $5,600. The following home-related expenses have been allocated to her home office under the actual expense method for calculating home office expenses. Real property taxes $ 1,600 Interest on home mortgage 5,100 Operating expenses of home 800 Depreciation 1,600 Also, assume that, not counting the sole proprietorship, Rita's AGI is $60,000. Rita itemizes deductions, and her itemized deduction for non-home business taxes is less than $10,000 by more than the real property taxes allocated to business use of the home. Assume Rita’s consulting business generated $15,000 in gross income. (Leave no answer blank. Enter zero if applicable.) a. What is Rita’s home office deduction for the current year?
Answers
Answet
45-24
Explanation:
503
_____44. Problem: PREPARE A STATEMENT OF CASH FLOWS (20 points)
Based on the following data for Petra Co. for the year ending December 31, 2020 and the preceding year ended December 31, 2019, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. In addition to the balance sheet data, assume that:
Additional Information
Equipment costing $125,000 purchased for cash.
Equipment costing $85,000 with accumulated depreciation of $65,000 sold for $15,000, resulting a loss of $5,000.
The stock was issued for cash.
Net income for the year 2020 is $51,000.
Depreciation for the year 2020 is $57,000 and loss from sale of equipment is $5,000.
Cash dividends paid for 2020 is $12,000.
Year
Year
2020
2019
Cash
$100,000
$ 78,000
Accounts receivable (net)
78,000
85,000
Inventories
101,500
90,000
Equipment
410,000
370,000
Accumulated depreciation
(150,000)
(158,000)
$539,500
$465,000
Accounts payable (merchandise creditors)
$ 58,500
$ 55,000
Cash dividends payable
5,000
4,000
Common stock, $10 par
200,000
170,000
Paid-in capital in excess of par--
common stock
62,000
60,000
Retained earnings
214,000
176,000
$539,500
$465,000
Answers
Answer:
Petra Co.
Petra Co.
Statement of Cash Flows for the year ended December 31
Operating activities:
Net income for the year 2020 $51,000
Depreciation for the year 2020 57,000
Loss from sale of equipment 5,000
Changes in working capital:
Accounts receivable (net) 7,000
Inventories (11,500)
Accounts payable 3,500
Net cash flow from operations $ 112,000
Investing activities:
Purchase of equipment ($125,000)
Sale of equipment 15,000
Net cash flow from investing ($110,000)
Financing activities:
Issue of common stock $32,000
Cash Dividend (12,000)
Net cash flow from financing $20,000
Net cash inflows $22,000
Reconciliation of cash balances:
Beginning cash balance $ 78,000
Net cash inflows 22,000
Ending cash balance $100,000
Explanation:
a) Data and Calculations:
Year Year
2020 2019 Change
Cash $100,000 $ 78,000 +$22,000
Accounts receivable (net) 78,000 85,000 -7,000
Inventories 101,500 90,000 +11,500
Equipment 410,000 370,000 +40,000
Accumulated depreciation (150,000) (158,000) (-8,000)
$539,500 $465,000
Accounts payable $ 58,500 $ 55,000 +$3,500
Cash dividends payable 5,000 4,000 +1,000
Common stock, $10 par 200,000 170,000 +30,000
Paid-in capital in excess of par 62,000 60,000 +2,000
Retained earnings 214,000 176,000 +38,000
$539,500 $465,000
Additional information
1. Purchase of equipment $125,000
2. Sale of equipment $15,000
3. The stock was issued for cash.
4. Net income for the year 2020 = $51,000
5. Depreciation for the year 2020 = $57,000
6. Loss from sale of equipment = $5,000
7. Cash dividends paid for 2020 = $12,000
The 2745 people residing in the state of Oz want their yellow brick road repaved. It could be repaved with standard asphalt for a cost of $427957 or with shimmering gold asphalt for $5752665 . The senator that represents Oz in the national legislature argues that the yellow brick road is a national treasure and a tourist attraction. As such, the senator argues that the nation of 4801565 people should pay for the repaving. Round your answer to two decimals for all of the following questions.
Required:
a. What is the cost per person if the national government pays for gold asphalt?
b. What is the cost per person if the state of Oz pays for gold asphalt?
c. What is the cost per person if the state of Oz pays for standard asphalt?
Answers
Answer:
a. Cost per person = $1.20 per person
b. Cost per person = $2,095.69 per person
c. Cost per person = $155.90 per person
Explanation:
a. What is the cost per person if the national government pays for gold asphalt?
This can be calculated as follows:
Cost per person = Cost of gold asphalt / Total population of the nation = $5752665 / 4801565 = $1.20 per person
b. What is the cost per person if the state of Oz pays for gold asphalt?
This can be calculated as follows:
Cost per person = Cost of gold asphalt / Total population of the state of Oz = $5752665 / 2745 = $2,095.69 per person
c. What is the cost per person if the state of Oz pays for standard asphalt?
This can be calculated as follows:
Cost per person = Cost of standard asphalt / Total population of the state of Oz = $427957 / 2745 = $155.90 per person
concord corporation purchased a new machine on may 1, 2012 for $559200. at the time of acquisition, the machine was estimated to have a useful life of ten years and an estimated salvage value of $26400. the company has recorded monthly depreciation using the straight-line method. on march 1, 2021, the machine was sold for $71400. what schold be the loss regognized from the sale of the machine
Answers
Answer:
$17,160
Explanation:
According to the scenario, computation of the given data are as follows,
Purchase price = $559,200
Useful life = 10 years or 120 months
Salvage value = $26,400
Total time in months(May1,2012 - Mar1,2021) = 106 months
So, depreciation cost = ($559,200 - $26,400) ÷ 120 = $4,440 per month
So, total depreciation cost for 106 months = $4,440 × 106 = $470,640
Book value = Purchase price - depreciation
= $559,200 - $470,640
= $88,560
Hence, Loss = Book value - sold value
= $88,560 - $71,400
= $17,160