Answer:
XYZ Company
Determining the pay rates of marketing professionals:
The statement that best describes the amount of variation when the R2 value turns out to be 0.85 is:
c. A large amount of the variation in market pay can be explained by company's job structure.
Explanation:
If the R2 were 1, then we can conclude that the whole variation in the market pay rates is explained by XYZ's job structure. But with R2 less than 1 but greater than 0.5, we can only conclude that a large part of the variation in the market pay rates is explainable by XYZ's job structure. And if the R2 is less than 0.5, we can confidently conclude that the variation in the market pay rates is not due to XYZ's job structure.
The Herfindahl-Hirschman index is a measure of concentration found by: squaring the percentage market share of each firm in the industry. squaring the sums of the concentration ratios found in an industry survey of the largest four and largest eight firms. squaring the percentage market share of each firm in the industry and then summing the squared market shares. summing the percentage market shares of each firm in the industry.
Answer:
squaring the percentage market share of each firm in the industry and then summing the squared market shares.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Thus, it involves specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.
Herfindahl-Hirschman index can be defined as a measure of the market concentration of a particular business firm or industry. Thus, it's typically used to measure the size of a particular business firm with respect to the industry it's operating in.
The Herfindahl-Hirschman index is a measure of concentration found by squaring the percentage market share of each firm in the industry and then summing the squared market shares.
Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and web site construction is estimated to be $150,000. Variable processing costs are estimated to be $9 per book. The publisher plans to sell single-user access to the book for $41.
Required:
Build a spreadsheet model in Excel to calculate the profit/loss for a given demand. What profit can be anticipated with a demand of 3,400 copies?
Answer:
I prepared an excel spreadsheet which includes the income model and an example.
Explanation:
Alpha Corporation has just paid its annual dividend and is looking forward to another successful year ahead. The company had free cash flow for the year just ended of $1 billion, all of which it just paid out to its shareholders as a dividend. Right now, shareholders do not believe that Alpha has any growth opportunities, so they expect the annual cash flow and dividend stream to remain unchanged for the foreseeable future. Alpha has 100 million 3 shares outstanding and a market capitalization of $10 billion. The company is entirely equity-financed. The capital market is efficient.
A) Alpha's CEO now proposes that the company skip its dividend one year from now and instead invest the entire amount of the coming year's $1 billion free cash flow in a project that management believes will generate a perpetual annual rate of return of 21%. The CEO further asserts that the new project has similar risk to the company's assets in place. If the company were to announce immediately its plans for the investment one year from now (financed by skipping next year's dividend) what do you think will happen to Alpha's stock price?
B) Some of Alpha's Board members are worried that shareholders are expecting a dividend next year and that announcing plans to skip next year's dividend will lower the stock price today. Suppose Alpha were to announce instead that it plans to pay its usual dividend one year from now and that it has no plans for any new investment at T-. What will happen to the stock price today?
C) Suppose Alpha settles on a compromise: Alpha announces today that it will invest in the new project one year from now, butwill simultaneously issue enough new shares at that time to enable it to pay the usual S10 dividend per share to its existing shareholders. What do you think will happen to Alpha's share price one year from now under this plan? What do you think will happen to Alpha's stock price today? Which of the three plans do you think Alpha's shareholders would prefer?
Answer:
(A) Alpha's stock price will fall.
(B) What will happen to the stock price today is that it will rise.
Explanation:
(C)
(i) Under the compromise plan and one year from now, Alpha's share price will fall, since Alpha will be desperate for new share holders.
(ii) Alpha's stock price today will rise, since the value of existing stocks will increase - that is, existing shareholders are assured of their usual $10 dividend plus extra dividend from the 21% estimated annual ROR on the intended project.
(iii) Which of the three plans would Alpha's shareholders prefer?
Regular-thinking shareholders would prefer Plan B. Patient shareholders would prefer Plan A, especially if they don't see many new shareholders in one year's time. Optimistic shareholders would prefer Plan C.
While making a business decision, a manager who believes in rights theories is most likely to focus on achieving collective goals, even if that involves violating fundamental rights. weighing the associated social benefits, costs, and risks. maximizing stockholders' wealth and profits. respecting fundamental human privileges. propagating home-country standards of ethics.
Answer:
respecting fundamental human privileges.
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.
While making a business decision, a manager who believes in rights theories is most likely to focus on respecting fundamental human privileges that are applicable to the staffs or employees working within an organization, as well as all of its clients or customers.
To save money for his daughter's college tuition, Dan invests every quarter in an annuity that pays interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in years.
The question is incomplete. The complete question is :
To save money for his daughter's college tuition, Dan invests $269 every quarter in an annuity that pays 6.9% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 20 years.
Solution :
Given :
Annuity = $ 269
Compounded quarterly for 20 years, so N = 4 x 20 = 80
Rate of interest = [tex]$\frac{6.90 \%}{4}$[/tex]
= 1.725 %
We know Future value of the annuity is given by :
[tex]$FV= \text{Annuity} \times \frac{(1+R)^{N-1}}{R}$[/tex]
[tex]$FV= \text{269} \times \frac{(1+1.725\%)^{80-1}}{1.725\%}$[/tex]
[tex]$=269 \times 169.762413$[/tex]
= 45666.09
So the total value of he annuity is $45,666.09
The Reynolds Company buys from its suppliers on terms of 4/10, net 64. Reynolds has not been utilizing the discount offered and has
been taking 76 days to pay its bills. The suppliers seem to accept this payment pattern, and Reynold's credit rating has not been hurt.
Mr. Duke, Reynolds Company's vice-president, has suggested that the company begin to take the discount offered. Mr. Duke proposes
the company borrow from its bank at a stated rate of 18 percent. The bank requires a 12 percent compensating balance on these
loans. Current account balances would not be available to meet any of this required compensating balance.
Calculate the cost of not taking a cash discount. (Use 365 days in a year. Do not round intermediate calculations. Round the final
answer to 2 decimal places.)
Cost of not taking a cash discount
Answer: 23.04%
Explanation:
Based on the information given in the question, the cost of not taking a cash discount will be calculated as:
= D/(1-D) × (360/n)
where D = Discount rate
n = number of days after the discounted period
= D/(1-D) × (360/n)
= 4%/(1 - 4%) × [365/(76-10)]
= 4%/96% × (365/66)
= 0.0416667 × 5.530303
= 0.2304295
= 23.04%
Ringmeup Inc. had net income of $129,300 for the year ended December 31, 2019. At the beginning of the year, 37,000 shares of common stock were outstanding. On May 1, an additional 15,000 shares were issued. On December 1, the company purchased 4,100 shares of its own common stock and held them as treasury stock until the end of the year. No other changes in common shares outstanding occurred during the year. During the year, Ringmeup paid the annual dividend on the 6,000 shares of 4.95%, $100 par value preferred stock that were outstanding the entire year. Required: Calculate basic earnings per share of common stock for the year ended December 31, 2019. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
$2.13 per share
Explanation:
The computation of the basic earnings per share is shown below:
But before that following calculations need to be done
The Weighted average share is
= (37000 shares × 4 ÷ 12 + (37,000 + 15,000) shares × 7 ÷ 12 + (52,000 - 4,100) shares × 1 ÷ 12)
= 46,658 Shares
And, the Preferred dividend is
= 6,000 shares × $100 × 4.95%
= $29,700
Now EPS is
= (Net income - Preferred dividend) ÷ Weighted average share outstanding = ($129,300 - $29,700) ÷ 46,658
= $2.13 per share
About 10 years ago, the POM Pomegranate Juice brand was created by a middle-aged couple in Nebraska. Theyâre business started small and then began to skyrocket after news spread of how yummy pomegranate juice is and also, how healthy is it (more antioxidants than any other juice out there!) Now, brands such as Nantucket Nectars, Ocean Spray, Minute Maid, and more have created their own pomegranate mixtures.
Required:
What has happened to the supply of pomegranate beverages as a result?
Answer:
OM Pomegranate Juice
The supply of pomegranate beverages has risen above demand, thereby causing market glut.
Explanation:
With many suppliers of pomegranate beverages, the quantity being supplied will outstrip demand. The immediate result is a glut in the market. This will lead to producing at less than full capacity as individual producers make efforts to sell their inventories. Workers may need to be laid off in order to meet the resulting economic situation.
Your money is tied up and you need to borrow $10,000. The following two alternatives are being offered by the lender: (1) pay $3,288.91 at the end of each year for 5 years, starting at the end of the first year (5 payments total at 18 percent nominal per year compounded quarterly which equates to 19.25% effective); or (2) pay $X at the end of each quarter for 6 years, starting at the end of the first quarter (24 payments total at 18 percent nominal per year compounded quarterly). Determine the value of $X that will make Alternative 2 equally desirable to Alternative 1 if
a. your TVOM is 8% nominal per year compounded.
b. your TVOM is 22% nominal per year compounded quarterly.
5. Write short note on the following
a. Bailee
b. An overt
c. Estoppel
d. Ratification
e. Del credere agent
Answer:
a). Bailee - It is described as the individual who gains or holds bailed property or possession of it. He/she is the one who takes possession of the property of another(called a bailor) for a temporary period in order to keep that property safe for the other.
b). An overt - In terms of law, an act is characterized as an overt act when it is open and not hidden or concealed. Such an act can clearly be observed and revealed the criminal intent of the person.
c). Estoppel - A legal principle in the law of equity that prevents a party from asserting otherwise valid legal rights against another party because of conduct by the first party, or circumstances to which the first party has knowingly contributed, make it unjust for those rights to be asserted.
d). Ratification - It is described as a formal declaration of agreement, giving consent, sign off, or validifying to a treaty in an official manner. Thus, it is the process of providing legal authority to the law or principle.
e). Del Credere Agent - These are described as the agent who not only engages in selling goods on credit but also ensures a guarantee to the principal that the purchaser/buyer is solvent. The seller is otherwise responsible for the debt.
Dean has earned $70,750 annually for the past five years working as an architect for WCC Incorporated Under WCC's defined benefit plan (which uses a seven-year graded vesting schedule) employees earn a benefit equal to 3.5 percent of the average of their three highest annual salaries for every full year of service with WCC. Dean has worked for five full years for WCC and his vesting percentage is 60 percent. What is Dean's vested benefit (or annual retirement benefit he has earned so far)
Answer:
$7,429
Explanation:
Calculation to determine Dean's vested benefit
Using this formula
Vested benefit=Average salary for the prior three years×( 3.5% × 5 years of service)×Vesting percentage)
Let plug in the formula
Vested benefit=$70,750 ×( 3.5% × 5)× 60%
Vested benefit=$70,750 × 17.5%× 60%
Vested benefit=$7,428.75
Vested benefit=$7,429 (Approximately)
Therefore Dean's vested benefit is $7,429
Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20 per unit Overhead costs for the year Variable overhead $ 10 per unit Fixed overhead $ 160,000 Units produced 20,000 units
Compute its product cost per unit under absorption costing.
Production cost per unit
Answer:
$48 per unit
Explanation:
Given the above data, we need to find the value of unitary fixed overhead.
Unitary fixed overhead = $160,000 / 20,000 = $8
Now, we can then calculate unitary cost of production
Unitary cost = Direct material + Direct labor + Total overhead
Unitary cost = $10 + $20 + $10 + $8
Unitary cost = $48 per unit
Kartman Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per Unit Direct materials 6.5pounds$7.00per pound$45.50 Direct labor 0.6hours$24.00per hour$14.40 Variable overhead 0.6hours$4.00per hour$2.40 In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for June is: Select one: A. $210 F B. $229 U C. $210 U D. $229 F
Answer:
Variable manufacturing overhead rate variance= $229 favorable
Explanation:
eGiving the following information:
Variable overhead 0.6 hours $4.00per hour
The company used 2,290 direct labor-hours
The actual variable overhead cost was $8,931.
To calculate the variable overhead rate variance, we need to use the following formula:
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Variable manufacturing overhead rate variance= (4 - 3.9)*2,290
Variable manufacturing overhead rate variance= $229 favorable
Actual rate= 8,931 / 2,290= $3.9
On January 1, 2018, Ann Stine loaned $37,565 to Joe Grant. A zero-interest-bearing note (face amount, $50,000) was exchanged solely for cash. The note is to be repaid on December 31, 2020. The prevailing rate of interest for a loan of this type is 10%. The present value of $50,000 at 10% for three years is $37,565. What amount of the Discounts on Notes Payable should Mr. Grant credit in 2018?
Answer: $3,756.50
Explanation:
The Discount on Note Payable is used to record the interest charge on a note that is already included in the maturity value of the note. It is based on the present value of the loan and the prevailing interest rate.
= Present value of the loan for three years * Prevailing interest rate
= 37,565 * 10%
= $3,756.50
The national lottery in the country of San Dayana is advertising on billboards in the poverty stricken, inner-cities of the country. "Buy your way out of here to America" Buy the 5 for 1 lottery tickets every Friday." Would you consider this an ethical marketing strategy? Why/Why not?
The correct answer to this open question is the following.
Would you consider this an ethical marketing strategy?
No. Of course not. It is not ethical. However, it is not illegal.
It cannot be considered ethical because this piece of advertisement is playing with the lack and necessity of the poor people of San Dayana.
The lottery advertisement is trying to be lucrative and benefit from the ignorance and poverty of the people of this poor country.
Once said that people are the ones who had the last word on the decision to buy or not to buy the lottery tickets. They know that the probabilities are minimum to win the big prize.
So instead of work, save and invest, or do other legal things to prosper, they prefer to spend their hard-earn money to get the "miracle" and become rich.
please help I will mark brainlyest
Answer:
Can you send me the notes that you guys used to figure out the five interest elements?
Explanation:
The income statement of Pharoah Company is shown below.
PHAROAH COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue $7,410,000
Cost of goods sold Beginning inventory $1,880,000
Purchases 4,360,000
Goods available for sale 6,240,000
Ending inventory 1,500,000
Cost of goods sold 4,740,000
Gross profit 2,670,000
Operating expenses
Selling expenses 460,000
Administrative expenses 630,000 1,090,000
Net income $1,580,000
Additional information:
1. Accounts receivable decreased $313,770 during the year.
2. Prepaid expenses increased $167,640 during the year.
3. Accounts payable to suppliers of merchandise decreased $279,000 during the year.
4. Accrued expenses payable decreased $124,020 during the year.
5. Administrative expenses include depreciation expense of $58,970.
Required:
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2020, for Vince Gill Company, using the indirect method.
Answer and Explanation:
The preparation of the operating activities section of the statement of cash flows for the year ended December 31, 2020 is presented below;
Cash flow from operating activities
Net income $1,580,000
Add: depreciation expense $58,970
Add: decrease in account receivable $313,770
Less: Increase in prepaid expense -$167,640
Less: Decrease in account payable -$279,000
Less: decrease in accrued expense payable -$124,020
Add: Decrease in inventory $380,000 ($1,880,000 - $1,500,000)
Cash flow provided by operating activities $1,762,080
It is ethical to hold negative opinions about people.
Please select the best answer from the choices provided
OT
OF
Answer:
True
Explanation:
lol it's true
Suppose that you wish to hedge the exchange rate risk on a foreign receivable of 1,240,000 euros. You decide to do this with a long option whose underlying asset is the euro (I won't tell you whether it's a put or a call). If this option has a strike of $1.15/euro, a multiple of 10,000 euros, and a per-contract (i.e. per 10k euros) premium of $175, then what is the least number of dollars you could possibly expect to net from this hedged receivable
Answer: $1404300
Explanation:
The least number of dollars that one could possibly expect to net from this hedged receivable will be calculated thus:
Amount receivable = 1,240,000 euros
Contract size for put option = 10000
Therefore, the number of contract that can be purchased will be:
= 1240000 / 10000
= 124
The total cost of option will be:
= $175 × 124
= $21700
We then calculate the minimum dollars available which will be:
= 1240000 × 1.15
= $1426000
We then deduct the total cost of option to get the net dollar proceed which will be:
= $1426000 - $21700
= $1404300
Therefore, the the least number of dollars that is expected to net from this hedged receivable is $1404300.
Tangshan Mining Company must choose its optimal capital structure. Currently, the firm has a 40 percent debt ratio and the firm expects to generate a dividend next year of $4.89 per share and dividends are expected to grow at a constant rate of 5 percent for the foreseeable future. Stockholders currently require a 10.89 percent return on their investment. Tangshan Mining is considering changing its capital structure if it would benefit shareholders. The firm estimates that if it increases the debt ratio to 50 percent, it will increase its expected dividend to $5.24 per share. Because of the additional leverage, dividend growth is expected to increase to 6 percent and this growth will be sustained indefinitely. However, because of the added risk, the required return demanded by stockholders will increase to 11.34 percent. (a) What is the value per share for Tangshan Mining under the current capital structure
Answer:
Tangshan Mining Company
The value per share for Tangshan Mining under the current capital structure is:
= $44.90
Explanation:
a) Data and Calculations:
Debt ratio = 40%
Equity ratio = 60% (100 - 40)
Expected dividend per share next year = $4.89
Expected dividend growth rate = 5%
Stockholders' required rate of return = 10.89%
New capital structure:
Estimated debt ratio = 50%
Estimated equity ratio = 50% (100 - 50)
Projected dividend under new capital structure = $5.24
Projected dividend growth rate = 6%
Projected stockholders' required rate of return = 11.34%
Under current capital structure:
Value per share = Dividend/Required rate of return
= $44.90 ($4.89/10.89%)
Insurance fraud is estimated to cost $27.6 billion per year. This includes Automobile fraud, Business and Commercial fraud, Homeowner fraud, Life/disability fraud, and others.
true or false?
Answer: true
Explanation:
Mrs. Jonas believes strongly that it is important that workers' rights be respected, and that one of the more important ways of doing this is to ensure that all workers be properly documented. She is supervising a contracting company that is building a new warehouse for her company. While doing this she discovers that many of the workers employed by the contractor are undocumented aliens working for well below minimum wage. In this situation Mrs. Jonas has a(n) ________ that is in conflict with a(n) ________.
Answer: behavior; attitude
Explanation:
From the situation given in the question, we can infer that Mrs. Jonas has a behavior that is in conflict with an attitude.
This can be seen in the information given that Mrs. Jonas believes strongly about the importance of workers' rights be respected, which can be done through proper documentation but then while supervising a contracting company, she then discovers that many of the workers employed by the contractor are undocumented aliens that were working for well below minimum wage.
Read this description and then make a list of expected business benefits that the company might derive from a new system: Especially for You Jewelers is a small jewelry company in a college town. Over the last couple of years, it has experienced a tremendous increase in its business. However, its financial performance hasn’t kept pace with its growth. The current system, which is partly manual and partly automated, doesn’t track accounts receivables sufficiently, and the company is finding it difficult to determine why the receivables are so high. It runs frequent specials to attract customers, but it has no idea whether these are profitable.
Answer:
The business benefits that the company might derive from a new system that is fully automated are:
1. The new system will sufficiently track accounts receivables.
2. The new system will determine when and why the receivables are so high.
3. The new system will be able to clarify if the frequent specials that it runs are profitable or not.
Explanation:
A new and improved system of accounting provides many advantages to the business. It provides timely reconciliation of accounts. It makes it easier to settle bills and ensures that bills are not duplicated. It features access controls, report formats suitable for each business unit and organization, and improves data reliability, among others.
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $126,000 to $162,000 and would decrease the current variable costs of $70 by $10 per unit. The selling price of $100 is not expected to change. Forrester's current break-even sales are $420,000 and current break-even units are 4,200. If Forrester purchases this new equipment, the revised break-even point in units would:
Answer:
150 units decrease
Explanation:
The computation of the revised break even point in units is shown below:
As we know that
Break even point in units is
= Fixed costs ÷ (Selling price - variable cost)
= $162,000 ÷ ($100 - $60)
= 4,050
And, the Current Break even point is 4,200
So, BEP will reduce by
= 4,200 - 4,050
= 150 units
The following information is provided for Sandhill Company and Whispering Corporation. (in $ millions) Sandhill Company Whispering Corporation Net income 2022 $130 $445 Net sales 2022 1715 4640 Total assets 12/31/20 1010 2010 Total assets 12/31/21 1085 3070 Total assets 12/31/22 1150 4100 What is Sandhill's return on assets for 2022
Answer:
11.63%
Explanation:
Average assets = [Total assets 12/31/21 + Total assets 12/31/22] / 2
Average assets = [$1085 + $1150] / 2
Average assets = $2,235 / 2
Average assets = $1,117.50
Return on Assets = Net income / Average assets
Return on Assets = $130 / $1,117.50
Return on Assets = 0.1163311
Return on Assets = 11.63%
So therefore, Sandhill's return on assets for 2022 is 11.63%.
Suppose the end of 2013 is approaching and most of the activity for the year has been entered into the accounts of Hipzone Inc. However, there are a few transactions that still need to be posted.
List the journal entries required
Suppose on December 31, Hipzone Inc. bills one of their customers $450 for a project that they had completed which had accumulated $220 of costs. The invoice has the normal terms requesting payment in 30 days. Make ALL of the entries required by this transaction.
HINT: Think of Accumulated Project Costs as an account similar to Inventory - it is an asset account used to accumulate the costs that have been incurred related to the project being completed for the customer.
THEN Hipzone Inc. needs to record depreciation on a piece of office equipment. The equipment was purchased on 1/1/2010 for $2,000, was expected to last 10 years at the time of purchase, and had an expected salvage value of $200. No depreciation has been recorded on the equipment for 2013. Make ALL of the entries required by this transaction.
Answer:
Hipzone Inc.
a. Journal Entries:
December 31, 2013:
Debit Accounts receivable $450
Credit Service revenue $450
To record the completion of a project for a customer, terms n/30.
Debit Cost of service $220
Credit Accumulated Project Costs $220
To record the cost of service.
b. Journal Entries:
December 31, 2013:
Debit Depreciation Expense $180
Credit Accumulated Depreciation $180
To record the depreciation expense for the year.
Explanation:
a) Data and Analysis:
December 31, 2013:
Accounts receivable $450 Service revenue $450, terms n/30.
Cost of service $220 Accumulated Project Costs $220
December 31, 2013:
Cost of equipment on 1/1/2010 = $2,000
Expected useful life = 10 years
Salvage value = $200
Depreciable amount = $1,800 ($2,000 - $200)
Annual depreciation expense = $180 ($1,800/10)
December 31, 2013:
Depreciation expense $180 Accumulated Depreciation $180
Western Energy makes quarterly deposits into an account reserved for purchasing new equipment two years from now. The interest paid on the deposits is 12% per year, compounded monthly. Identify the interest period, compounding period, and compounding frequency in the interest period.
a. The interest period is ____________.
b. The compounding period is _______________ .
c. The compounding frequency is___________ .
Answer:
a. 2 years
b. 1 year
c. 12 times
Explanation:
Interest period is the duration of the deposit. It is the length of time the money would remain in deposit. This is 2 years according to the question
Compounding period = number of times interest would be paid. In the question, this is a year. So interest would be paid every year
The compounding frequency - it is the number of times the deposit would be compounded. It is 12 months
The future value of the deposit can be determined using this formula :
FV = P (1 + r/m)^nm
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
Refer to the following selected financial information from McCormik, LLC. Compute the company's working capital for Year 2.
Year 2 Year 1
Cash $38,800 $33,550
Short-term investments 103,000 66,500
Accounts receivable, net 92,000 86,000
Merchandise inventory 127,500 131,500
Prepaid expenses 13,400 11,000
Plant assets 394,500 344,500
Accounts payable 106,900 114,300
Net sales 717,500 682,500
Cost of goods sold 396,500 381,500
Answer:
$267,800
Explanation:
Working capital = Current Assets - Current Liabilities
where for Year 2,
Current Assets = $38,800 + $103,000 + $92,000 + $127,500 + $13,400
= $374,700
and
Current Liabilities = $106,900
therefore,
Working capital = $267,800
thus,
The company's working capital for Year 2 is $267,800.
Tamarisk, Inc. gathered the following reconciling information in preparing its April bank reconciliation:
Cash balance per books, 4/30 $18300
Deposits in transit 2500
Notes receivable and interest collected by bank 6160
Bank charge for check printing 210
Outstanding checks 12500
NSF check 1160
The adjusted cash balance per books on April 30 is:_________.
a. $24460.
b. $23090.
c. $25410.
d. $25590.
Answer:
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SECTION -A
Q1. Which of the following is not a feature of divisional structure?
(a) It is easy to fix the responsibility on one department.
(b) It is nor suitable for large firms.
(c) It facilitates managerial development.
(d) It's formation is based on product lines.
Answer:
B. it is more suitable for large firms
Explanation:
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