Answer:
The essence of the particular question is demonstrated in the following subsection on the interpretation.
Explanation:
The free stuff towards smaller businesses applies to the allowance which isn't charged for a certain duration of time by either the small businessman. Small businesses, in the meantime, may reinvest the money with some other professional reasons, such as capital expenditures, to operated everyday duties.
For example:
A small scale manufacturing business buys raw materials and components but hasn't charged meaning it buys the building resources on collateral which is considered easy cash the business has unlimited suppliers worth value for such a brief amount of time.Throughout my private situation, I could high inventory turnover such as when I take loans through my relative to buy something, and afterward return next months or defined period. An even more predicament where I have been to the consumption shops of my friend as well as buy the products and therefore pay a few other percentages, as well as the entire balance, is kept in his registration appears to mean financing.Suppose Emilio offers you $500 today or $X in 10 years. If the interest rate is 6 percent, then at what value of X would you be indifferent between the two options
This question is impossible and implausible
Who is Emilio? How do we know he'll be around in 10 years? IS he good for the money, or is it counterfeit? Are we adjusting for inflation? The dollar is worth more in Malaysia than the U.S., so where are we starting and where are we ending? There's just not enough data here.
What are some of the possible pitfalls of owning a credit card? Check all that apply. A Only paying the minimum balance due. B Possible free collision coverage when renting a car. C Paying your bill late. D Establishing a credit rating. E Juggling too many cards.
Answer:
C. Paying your bill late.
E. Juggling too many cards.
Explanation:
Jiminy’s Cricket Farm issued a 30-year, 6 percent semiannual bond three years ago. The bond currently sells for 93 percent of its face value. The company’s tax rate is 22 percent. a. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
a. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
6.46%b. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
5.04%Explanation:
we must first determine the bond's yield to maturity:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2] = {30 + [(1,000 - 930)/60]} / [(1,000 + 930)/2] = 31.17 / 965 = 3.23% x 2 = 6.46%
after tax cost of debt = 6.46% x (1 - tax rate) = 6.46% x (1 - 22%) = 6.46% x 78% = 5.04%
When generating a globalized marketing plan, a Japanese company called Trusco decided to implement a localization strategy when introducing its work and tool products into the Swiss and Canadian markets. In order to reach the new markets, Trusco needed to translate its product packaging, consider the political and economic environments, identify its competitors, and consider other areas of the marketing mix that require additional localization efforts. Which of the following statements matches best with Trusco's experience in generating its marketing plan?
a. Generating worldwide marketing plans requires most companies to communicate one identical message to all global markets.
b. Creating a global marketing plan is a task that can be accomplished with very little effort.
c. Creating a global marketing plan is a complex task.
Answer:
c. Creating a global marketing plan is a complex task.
Explanation:
It is correct to say that creating a global marketing plan is a complex task.
There are several barriers that can spell failure if the international company's strategy is poorly planned.
Therefore, the ideal is to research in depth about the new market to which the organization intends to enter.
In addition to legally adapting to local legislation, the company must analyze and plan to generate local interest in its products and services.
This requires market research that seeks to identify your target audience, what are their particularities, preferences, characteristics and needs.
The set of variables in the marketing mix: price, product, place and promotion, should also be adapted to the location where the company is located, the key to success is adaptation and the strategy aligned with the location.
A company had the following cash flows for the year: (a) Purchased inventory, $60,000 (b) Sold goods to customers, $90,000 (c) Received loan from a local bank, $150,000 (d) Purchased land, $180,000 (e) Purchased treasury stock, $40,000 (f) Paid dividends, $10,000 (g) Sold delivery truck, $30,000 What amount would be reported for net investing cash flows on the Statement of Cash Flows
Answer:
($150000)
Explanation:
The computation of the net investing cash flows is shown below;
Purchase of land ($180,000)
Sale of delivery truck $30,000
Net Cash used in Investing activities ($150000)
The purchase of land is an outflow of cash and the sale of delivery truck is a inflow of cash so it would be shown in a negative and positive amount
Thus all other values would be ignored
A June sales forecast projects that 5,000 units are going to be sold at a price of $11.00 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 600 units. Merchandise purchases for June are projected to include how many units
Answer:
Purchases= 5,090 units
Explanation:
Giving the following information:
A June sales forecast projects that 5,000 units are going to be sold.
The desired ending inventory of units is 15% higher than the beginning inventory of 600 units.
To calculate the merchandise purchase, we need to use the following formula:
Purchases= sales + desired ending inventory - beginning inventory
Purchases= 5,000 + 600*1.15 - 600
Purchases= 5,090 units
Which of the followings is a good source for gathering competitive information about senior managers' responsibilities, their background, their education, and highlights of their achievements to date? Group of answer choices government market research firms company websites business and trade publications
Answer:
business and trade publications
Explanation:
A trade publication is a type of publications that specifically share information between and about personnels or individuals, often experts, within a particular industry for the purpose of improving their business or field and to actively keep current or updated on market trends.
Hence, BUSINESS AND TRADE PUBLICATIONS is a good source for gathering competitive information about senior managers' responsibilities, their background, their education, and highlights of their achievements to date.
The company websites is a good source for gathering of competitive information about senior managers' responsibilities, background, education,and highlights of their achievements to date
T ypically, a flourishing organization will publish the full information of their teams on its official website for different official reasons.
The Information does features the managers and other staffs personal details like phone numbers, background, education, achievement, experiences etc.
Hence, those information can be gathered and used by competitors.
In conclusion, the company websites is a good source for gathering of competitive information about senior managers
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you texpect to receive a payout from a trust fund in 3 years. The payout will be for $11000. You plan to invest the money at an annual rate of 6.5 percent until the account is worth $19000. how many years do you have to wait from today?
Answer:
11.68 years
Explanation:
For computing the number of years first we have to applied the NPER formula i.e to be shown in the attachment below:
Given that,
Present value = $11,000
Future value = $19,000
Rate of interest = 6.5%
PMT = $0
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 8.68
Now after 3 years, it would be
= 8.68 + 3
= 11.68 years
Beginning inventory, purchases, and sales data for hammers are as follows:
Mar. 3 Inventory 12 units at $15
11 Purchase 13 units at $17
14 Sale 18 units
21 Purchase 9 units at $20
25 Sale 10 units
Assuming the business maintains a perpetual inventory system, complete the subsidiary inventory ledger and calculate the cost of merchandise sold and ending inventory under the following assumptions:
(a) First-in, first-out
Purchases Cost of Merchandise Sold Inventory
Date Qty Unit Total Qty Unit Total Qty Unit Total
Cost Cost Cost Cost Cost Cost
Mar. 3
11
14
21
25
Balances
Cost of merchandise sold $
Ending Inventory $
(b) Last-in, first-out
Purchases Cost of Merchandise Sold Inventory
Date Qty Unit Total Qty Unit Total Qty Unit Total
Cost Cost Cost Cost Cost Cost
Mar. 3
11
14
21
25
Balances
Cost of merchandise sold $
Ending Inventory $
Answer:
a) under FIFO
COGS = $461
ending inventory = $120
b) under LIFO
COGS = $491
ending inventory = $90
Explanation:
inventory:
March 3 Inventory 12 units at $15
March 11 Purchase 13 units at $17
March 14 Sale 18 units
March 21 Purchase 9 units at $20
March 25 Sale 10 units
under FIFO COGS:
March 14
Dr Cost of goods sold 282
Cr Merchandise inventory 282
March 25
Dr Cost of goods sold 179
Cr Merchandise inventory 179
under LIFO COGS:
March 14
Dr Cost of goods sold 296
Cr Merchandise inventory 296
March 25
Dr Cost of goods sold 195
Cr Merchandise inventory 195
"How much would an investor expect to pay for a $1,000 par value bond with a 9% annual coupon that matures in 5 years if the interest rate is 5%
Answer:
The answer is $1,173.18
Explanation:
N(Number of periods) = 5 years
I/Y(Yield to maturity) = 5percent
PV(present value or market price) = ?
PMT( coupon payment) = $90 ( 9percent x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 5; I/Y = 5; PMT = 90; FV= $1,000; CPT PV= -1,173.18
Therefore, the market price of the bond is $1,173.18
On the first day of the fiscal year, a company issues a $2,600,000, 7%, 6-year bond that pays semiannual interest of $91,000 ($2,600,000 × 7% × ½), receiving cash of $2,477,994. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank.
Answer:
Dr interest expense( 10,167.17+91,000) $ 101,167.17
Cr cash $91,000.00
Cr discount on bonds payable $ 10,167.17
Explanation:
The discount on bond issuance is the difference between the cash proceeds received and the face value of the bonds.
discount on bonds payable=$2,600,000-$2,477,994=$122,006.00
amortization of discount=discount/number of semiannual interest payable
in 6 years,12 semiannual coupons are payable
amortization of discount=$122,006.00 /12=$10,167.17
. Find the accumulated present value of a continuous income stream that earns 4.2% interest annually, when $4000 is deposited per year for 30 years in the account.
Answer:
The accumulated present value is $67,518.99.
Explanation:
Investment opportunities that require a series of payments of a fixed amount for a specific number of periods are known as annuities.
The Present Value of this annuity can be calculated as :
Fv = $0
n = 30
r = 4.2 %
Pmt = - $4,000
P/ yr = 1
Pv = ?
Using a financial calculator, the Present Value (PV) of the annuity is $67,518.9948 or $67,518.99.
Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $2.75000 dividend at that time (D₃ = $2.75000) and believes that the dividend will grow by 14.30000% for the following two years (D₄ and D₅). However, after the fifth year, she expects Goodwin’s dividend to grow at a constant rate of 3.72000% per year.
Goodwin’s required return is 12.40000%. Fill in the following chart to determine Goodwin’s horizon value at the horizon date (when constant growth begins) and the current intrinsic value.
To increase the accuracy of your calculations, do not round your intermediate calculations, but round all final answers to two decimal places.
Term Value
Horizon value $42.93
Current intrinsic value $29.84
1. If investors expect a total return of 13.40%, what will be Goodwin's expected dividend and capital gains yield in two years-that is, the year before the firm begins paying dividends?
2. Is this statement a possible explanation for why the firm hasn't paid a dividend yet?
A. Yes
B. NO
Answer:
horizon value at year 5 = Div₆ / (Re - g)
Div₆ = ($2.75 x 1.143²) x 1.0372 = $3.726384483Re = 12.4%g = 3.72%horizon value at year 5 = $3.726384483 / (12.4% - 3.72%) = $42.93
current value P₀ = $2.75/1.124³ + $3.14325/1.124⁴ + $46.52273/1.124⁵ = $1.937 + $1.969 + $25.932 = $29.838 ≈ $29.84
1) dividend yield = 0/$29.84 = 0%
capital gains yield = (P₁ - P₀) / P₀
P₁ = $2.75/1.124 + $3.14325/1.124² + $46.52273/1.124³ = $2.447 + $2.488 + $32.762 = $37.697 ≈ $37.70
capital gains yield = ($37.70 - $29.84) / $29.84 = 26.34%
2) Goodwin has yet to record a profit (positive net income). Is this statement a possible explanation for why the firm hasn't paid a dividend yet?
A. Yes
Since dividends must be paid out from net profits or retained earnings.
1. Dividend yield is = 26.34%
2. Goodwin has yet to record a profit (positive net income) Yes it is a correct statement.
Calculate Dividend Growth Rate
The horizon value at year 5 is = Div₆ / (Re - g)
Then, Div₆ is = ($2.75 x 1.143²) x 1.0372 = $3.726384483
After that, Re = 12.4%
Then, g = 3.72%
Now, When The horizon value at year 5 is = $3.726384483 / (12.4% - 3.72%) = $42.93
The current value P₀ is = $2.75/1.124³ + $3.14325/1.124⁴ + $46.52273/1.124⁵ is = $1.937 + $1.969 + $25.932 = $29.838 ≈ $29.84
1) dividend yield is = 0/$29.84 = 0%
After that, capital gains yield = (P₁ - P₀) / P₀
Hence, P₁ = $2.75/1.124 + $3.14325/1.124² + $46.52273/1.124³ = $2.447 + $2.488 + $32.762 = $37.697 ≈ $37.70
Therefore, capital gains yield = ($37.70 - $29.84) / $29.84 = 26.34%
2) Goodwin has yet to document a profit (positive net income). So, The correct option is = A. Yes
Since When The dividends must be paid out from net profits or retained earnings.
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Kelly Woo, owner of Flower Mode, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charging a flat delivery fee, Woo wants to set the delivery fee based on the distance driven to deliver the flowers. Woo wants to separate the fixed and variable portions of her van operating costs so that she has a better idea how delivery distance affects these costs. She has the following data from the past seven months:_______.
LOADING...
(Click the icon to view the data.)
Use the high-low method to determine
Flower Paradise's cost equation for van operating costs. Use your results to predict van operating costs at a volume of 15,000 miles.
Let's begin by determining the formula that is used to calculate the variable cost (slope).
Change in cost / Change in volume = Variable cost (slope)
Now determine the formula that is used to calculate the fixed cost component.
Total operating cost - Total variable cost = Fixed cost
Use the high-low method to determine
Flower Paradise's operating cost equation. (Round the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.)
y = $
x + $
Enter any number in the edit fields and then click Check Answer.
Data Table
Month Miles Driven Van Operating Costs
January. . . . . .
. . . . . . . . . 15,500 $5,390
February. . . . . . .
. . . . . . . . 17,400 $5,280
March. . . . . . . . .
. . . . . . . . 15,400 $4,960
April. . . . . . . . .
. . . . . . . 16,300 $5,340
May. . . . . . . .
. . . . . . . . 16,500 $5,450
June. . . . . . . .
. . . . . . . . 15,200 $5,230
July. . . . . . . . .
. . . . . . . . . . 14,400 $4,680
Answer:
Use the high-low method to determine Flower Paradise's cost equation for van operating costs.
y = $ 0.20x + $1,800
Use your results to predict van operating costs at a volume of 15,000 miles.
y = ($0.20 x 15,000) + $1,800 = $4,800
Explanation:
Month Miles Driven Van Operating Costs
January 15,500 $5,390
February 17,400 $5,280
March 15,400 $4,960
April 16,300 $5,340
May 16,500 $5,450
June 15,200 $5,230
July 14,400 $4,680
In order to calculate the fixed and variable costs using the high-low method, we must take the month with the highest activity (February) and the month with the lowest activity (July):
variable costs = ($5,280 - $4,680) / (17,400 - 14,400) = $600 / 3,000 = $0.20 per mile driven
fixed costs = $4,680 - (14,400 x $0.20) = $4,680 - $2,880 = $1,800
Carmelita Company sells 40,000 units at $18 per unit. Variable costs are $10 per unit, and fixed costs are $62,000. What is the unit contribution margin? _________________________ What is the contribution margin ratio? _________________________ What is income from operations? ___________________________
Answer:
1. 44.44%
2. $258,000
Explanation:
Contribution Margin refers to what is left of sales income after the Variable Costs have been removed.
= Sales price - Variable cost
= 18 - 10
= $8
Contribution Margin Ratio = (Contribution Margin / Sales price) * 100%
= 44.44%
2. Income from Operations
= (Sales Quantity * Contribution Margin) - Fixed Costs
= (40,000 * 8) - 62,000
= 320,000 - 62,000
= $258,000
____________the market school aruges that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchagne rate forecasting services would be a waste of time.
Answer:
Efficient market school.
Explanation:
Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.
The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis that states that asset (share) prices reflect all information and it is very much impossible to consistently beat the market.
Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.
Hence, according to the efficient market school it would be a waste of time investing in exchange rate forecasting services because all the information about an asset or security is already factored into their prices and as a result of the randomness of the market.
Cheetah Copy purchased a new copy machine. The new machine cost $140,000 including installation. The company estimates the equipment will have a residual value of $35,000. Cheetah Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Year Hours Used 1 3,000 2 2,000 3 2,000 4 2,000 Required: 1. Prepare a depreciation schedule for four years using the straight-line method. (Do not round your intermediate calculations.)
Answer:
Depreciation expense in year 1 = $26,250
Depreciation expense in year 2 = $26,250
Depreciation expense in year 3 = $26,250
Depreciation expense in year 4 = $26,250
Explanation:
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
($140,000 - $35,000) / 4 = $26,250
Summary: With 250,000 employees in 19 countries, Aramark wanted to motivate its employees who clean airplanes for Delta and Southwest Airlines. Turnover of the low-paid, largely immigrant staff was high while morale was low. Wallets and other valuables left on planes disappeared. After 5 years of efforts to increase motivation, revenue rose from $5 million to $14 million. 1. What motivation theories apply to the workers at Aramark? 2. If you were the manager of these employees, what would you do to motivate them? Be honest regarding your personal management style and beliefs rather than trying to be like Roy Pelaez. 3. What are some possible barriers to the effectiveness of your motivation ideas? What could you do to overcome them?
Answer:
Explanation:
(A)
What motivation theory applies to the workers at Aramark?
The workers should be motivated with payments for the return of valuables forgotten in the aircraft.
(B)
To motivate them, offer them a salary increase
(C)
Some possible barriers to the effectiveness of these motivation ideas are gluttony (depending on individual worker), a period of stiff or falling profit (which will hinder the smooth running of the new benefit policies), change of management.
(D)
What could you do, to overcome them?
To ensure that workers do not still steal forgotten valuables, place a check or supervision on them.
To ensure the profit level is maintained or increased, make sure the workers do not relent in their duties. Sometimes, more benefits make workers relax more.
"Pine Street Inc. makes unfinished bookcases that it sells for $57.10. Production costs are $37.94 variable and $10.50 fixed. Because it has unused capacity, Pine Street is considering finishing the bookcases and selling them for $72.02. Variable finishing costs are expected to be $7.14 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Pine Street should sell unfinished or finished bookcases. (Round answers to 2 decimal places, e.g. 15.25. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)"
Answer and Explanation:
The Preparation of analysis on a per unit basis showing whether Pine Street should sell unfinished or finished bookcases is prepared below:-
Particulars Sell unfinished Process further Net income
(loss)
Sales per unit $57.10 $72.02 $14.92
Cost per unit
Variable $37.94 $45.08 -$7.14
($37.94 + 7.14)
Fixed $10.5 $10.5
Total $48.4 $55.58 $7.78
Net income per
unit $8.66 $16.44 $7.78
From the above calculation The bookcases to be sold and process further.
Classify the following costs incurred by a manufacturer of golf clubs as product costs or period costs. Also classify the product costs as direct materials or conversion costs.
a. Depreciation on computer in president's office
b. Salaries of legal staff
c. Graphite shafts
d. Plant security department
e. Electricity for the corporate office
f. Rubber grips
g. Golf club heads
h. Wages paid assembly line maintenance workers
i. Salary of corporate controller
j. Subsidy of plant cafeteria
k. Wages paid assembly line production workers
l. National sales meeting in Orlando
m. Overtime premium paid assembly line workers
n. Advertising on national television
o. Depreciation on assembly line
Answer:
a. Period Cost
b. Period Cost
c. Product Costs : conversion costs
d. Product Costs : conversion costs
e. Period Cost
f. Product Costs : direct materials
g. Product Costs : direct materials
h. Product Costs : conversion costs
i. Period Cost
j. Product Costs : conversion costs
k. Product Costs : conversion costs
l. Period Cost
m.Product Costs : conversion costs
n. Period Cost
o. Product Costs : conversion costs
Explanation:
Product Cost
Product Costs are included in Inventory/Product Valuation. All Manufacturing Costs are Product costs.
Direct Materials
The Costs of Materials that can be directly traced to the Cost Object (golf clubs)
Conversion Cost
Cost of Direct labor and Overheads cost incurred during the production of the cost object.
Period Cost
Period Costs are not included in Inventory or Product valuation. All non-manufacturing costs are period costs. These are expensed inthe period they are incurred.
On January 1, 2020, Piper Corp. purchased 40% of the voting common stock for of Betz, Inc. for $2,000,000 and appropriately accounts for its investment by the equity method. During 2020, Betz reported earnings of $720,000 and paid dividends of $240,000. Ignore the dividend-received deduction. Piper's current enacted income tax rate is 21%. The increase in Piper's deferred income tax liability for this temporary difference is
Answer:
$57,600
Explanation:
The computation of the increase in Piper's deferred income tax liability for this temporary difference is shown below:-
Purchase of voting Common stock of Betz inc. by Piper Corp.= ( Betz's reported earnings - Betz Paid Dividends ) × (Percentage of the voting Common stock of Betz inc.)
= ($720,000 - $240,000) × 40%
= $480,000 × 40%
= $192,000
Now, the rise in Piper's deferred income tax liability for this temporary difference is
Purchase of voting Common stock of Betz inc. by Piper Corp. × enacted tax rate
= $192,000 × 30%
= $57,600
The Apple stock’s price is $112.92 on 8/1/15 and becomes $110.30 on 9/1/15. In August, Apple gives a dividend of $0.52 per share. What is the holding period monthly return for Apple in August?
Answer:
The holding period monthly return for Apple in August is -2.00%.
Explanation:
Holding period return (HPR) refers to total return that is received by an investor when he holds an asset or portfolio of assets over a period of time.
The holding period return is generally expressed as a percentage can be estimated using the following formula:
HPR = [Income + (P1 - Po)] / Po ....................... (1)
Where;
Income = Dividend = $0.52
P1 = End-of-period value = $110.30
Po = Initial value = $112.92
Substituting the values into equation (1), we have:
HPR = [$0.52 + ($110.30 - $112.92)] / $112.92
HPR = [$0.52 - $2.62] / $112.92
HPR = -$2.10 / $112.92
HPR = -0.02, or -2.00%
Therefore, the holding period monthly return for Apple in August is -2.00%.
Ruby is 25 and has a good job at a biotechnology company. She currently has $10,000 in an IRA, an important part of her retirement nest egg. She believes her IRA will grow at an annual rate of 8 percent, and she plans to leave it untouched until she retires at age 65. Ruby estimates that she will need $875,000 in her total retirement nest egg by the time she is 65 in order to have retirement income of $20,000 a year (she expects that Social Security will pay her an additional $15,000 a year). a. How much will Ruby’s IRA be worth when she needs to start withdrawing money from it when she retires? Use Exhibit 1-A. (Round FV factor to 3 decimal places and final answer to the nearest whole dollar.) b. How much money will she have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal? (Round your answer to the nearest whole dollar.)
Answer:
a. How much will Ruby’s IRA be worth when she needs to start withdrawing money from it when she retires?
the future value of Ruby's IRA = $10,000 x 21.725 (FV factor, 8%, 40 periods) = $217,250
b. How much money will she have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal?
she needs to accumulate $875,000 - $217,250 = $657,750 during the next 40 years
the annual contribution = FV / FV annuity factor = $657,750 / 259.057 (FV annuity factor, 8%, 40 periods) = $2,539.02 per year
Cheyenne Corp. had the following transactions during the current period.
Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.
June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.
July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.
Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.
Journalize the transactions.
Answer:
Mar. 2 Issued 4,000 shares of $4 par value common stock to attorneys in payment of a bill for $21,200 for services performed in helping the company to incorporate.
Dr Incorporation expenses 21,200
Cr Common stock 16,000
Cr Additional paid in capital - common stocks 5,200
June 12 Issued 56,400 shares of $4 par value common stock for cash of $305,500.
Dr Cash 305,500
Cr Common stocks 225,600
Cr Additional paid in capital - common stocks 79,900
July 11 Issued 1,950 shares of $100 par value preferred stock for cash at $130 per share.
Dr Cash 253,500
Cr Preferred stocks 195,000
Cr Additional paid in capital - preferred stocks 58,500
Nov. 28 Purchased 2,560 shares of treasury stock for $78,500.
Dr Treasury stocks 78,500
Cr Cash 78,500
Treasury stocks account is a contra equity account which decreases the value of stockholders' equity.
If Piper Manufacturing manufactures one unique set of stack pipes, and the sell price is $121,000, the variable costs per unit are $62,000, and the fixed costs are $500,000, what is the break-even point in units
Answer:
8.47
Explanation:
The formula to calculate the break-even point in units is:
Break-even point in units=Fixed costs/(Selling price per unit-Variable cost per unit)
Fixed costs= $500.000
Selling price per unit= $121,000
Variable cost per unit= $62,000
Break-even point in units=$500,000/($121,000-$62,000)
Break-even point in units=$500,000/59,000
Break-even point in units=8.47
According to this, the break-even point in units is 8.47.
The CEO has given her secretary this material for a memo, but it is highly un-organized. Rewrite the memo so that the main point is first, that the memo flows in a much more logical order. Delete information not relevant to the main idea. Use strong subjects and verbs -- in other words, employ the principles we talked about in the lesson on writing.
To employees at a call center
I’m hoping you can send out a memo for me to all phone operators. As you might or might not be aware of, we’ve had some problems lately with operators asking for breaks, or simply taking them, at all sorts of time during their shift. While we are happy to be flexible, we do have a job to do and must have a certain amount of operators manning the phones at all times. Several times the phones have rung and rung with not enough people to answer them. Several supervisors have complained to me that their people have argued with them about combining their breaks and meal break to get an hour at one time. I feel like I need to put my foot down so that each supervisor doesn’t have to make their own decision. We need to remind folks of our policy on breaks and meal breaks through the day. Remind telephone operators that they should take the two 15 minute breaks allotted to them generally about halfway through a four-hour work period. If they want or need to take a break during another time, they should talk with their supervisor. But let folks know this should be under extraordinary circumstances. Stress that these should be extraordinary circumstances so we can count on enough people to be on the phones through the day. Meal breaks should be taken roughly halfway through their shift, but they should be coordinated with their supervisor. Several times, we’ve lost folks we were counting on, only to find that they were on break. Phone operators can stay at their desks and work on personal business, or simply each lunch, as long as they are not tying up resources. We’d prefer, though, that they go to the break rooms or leave their cubicles. We don’t want people to create the perception that they’re doing personal tasks during work time. I often eat at my desk but of course I’m not salaried employee. Oh, and we don’t want folks saving up their breaks and leaving work early. We need to staff our phones from 8 a.m. to 8 p.m. Our staggered schedule allows us to do that, but not if folks create their own schedules. Do people have to take their breaks? Yes, they do -- federal law mandates it. So tell them they just can’t skip the breaks, though why they’d want to I don’t know. By the way, it looks like we’ll be hiring in the new fiscal year, as we go ahead with that expansion into the Southeast. Should be about 20 to 25 new phone operators.
Answer:
TO EMPLOYEES AT A CALL CENTER
It is my aim to send out a memo to you all phone operators. As you might or might not be aware of, we have faced series of problems lately with operators asking for breaks, or simply taking them without express permission which ended up clashing with their shift time for work. While we are happy to be flexible, we need to remind you of our policy on breaks and meal breaks through the day.
Most times,when a call came in, there will be no one to attend to it. Several supervisors have tabled the complaints of their team members, about combining their normal breaks and meal break in-order to get an hour at one time. Despite being a noble suggestion, the employees and their supervisor should remember that, the working condition was explicitly stated in the contract agreement they signed before taking this job.
In a situation were there is extraordinary condition, the call operators should liaised with their supervisor and discuss about the need to take extra break time. Meal breaks should be taken roughly halfway through their shift, which should be under strict coordination by their supervisor. Phone operators can stay at their desks and work on personal business, or simply each lunch, as long as they are not tying up resources.
We would prefer, though, that they go to the break rooms or leave their cubicles. We don’t want people to create the perception that they’re doing personal tasks during work time. We need to staff our phones from 8 a.m. to 8 p.m. Our staggered schedule allows us to do that, but not if folks create their own schedules. Do people have to take their breaks? Yes, they do -- federal law mandates it. By the way, it looks like we will be hiring in the new fiscal year, as we go ahead with that expansion into the Southeast. Should be about 20 to 25 new phone operators.
Explanation:
The Closed Fund is a closed-end investment company with a portfolio currently worth $200 million. It has liabilities of $3 million and 5 million shares outstanding. a. What is the NAV of the fund?
Answer:
$39.40
Explanation:
According to the situation, the solution is as follows
The Net asset value of the fund is
= (Current worth of portfolio - liabilities) ÷ (outstanding shares)
= ($200 million - $3 million) ÷ (5 million shares)
= $39.40
Basically we applied the above formula in order to determine the net asset value of the fund.
How can you filter the for review tab to see all the transactions quickbooks online thinks it has found a good match for?
Answer:
Click on the Recognized tab
Explanation:
If you want to filter the for review tab to find the good match all you have to do is:
Step 1: Go at "For Review" Tab
Step 2: Above the transactions their will be Recognized Tab. Click on it which would filter all the transactions that provides a good match.
On September 11, 2016, Home Store sells a mower for $450 with a one-year warranty that covers parts. Warranty expense is estimated at 9% of sales. On July 24, 2017, the mower is brought in for repairs covered under the warranty requiring $32 in materials taken from the Repair Parts Inventory.
Prepare the September 11, 2016, entry to record the mower sale, and the July 24, 2017, entry to record the warranty repairs.
Answer:
Date Accounts Titles and Explanations Debit Credit
Sept, 11 Cash $450
2016 Sales $450
(To record the Cash Sales)
Sept, 11 Warranty Expenses $40.50
2016 ($450 x 9%)
Estimated Warranty Payable $40.50
(To record the Warranty Expenses)
July, 24 Estimated Warranty Payable $32
2017 Repairs Parts Inventory $32
(To record the material taken from Inventory)
The common stock of Sweet Treats is selling for $50.15 per share. The company is expected to have an annual dividend increase of 3.6 percent indefinitely and pay a dividend of $3.80 in one year. What is the total return on this stock?
Answer:
11.2%
Explanation:
Here, we want to calculate the total return on the stock.
From the question, Price = $50.15
Mathematically;
P = D1/Ke-g
D1 = $3.80
g = 3.60%
So let’s calculate Ke-g
50.15 = 3.8/ke-g
Ke-g = 3.8/50.15
Ke-g = 7.6%
but g = 3.6%
Total return Ke = 3.6% + g = 3.6% + 7.6% = 11.2%