Answer:
if I had invested in Auto Zone in January, 1998, when the market quote was 30.25, 100 shares would have cost me $3,025. If there was a commission fee back then of $75, the total cost of this investment would have been $3,100
Explanation:
In January , 1998. the quote per share was $30.25
The cost for 100 shares will be
=$30.25 x 100
=$3,025
Total cost including commision
=$3,025 + 75
=$3,100
Rearden Metal has earnings per share of $2. It has 10 million shares outstanding and is trading at $20 per share. Rearden Metal is thinking of buying Associated Steel, which has earnings per share of $1.25, 4 million shares outstanding, and a price per share of $15. Rearden Metal will pay for Associated Steel by issuing new shares. There are no expected synergies from the transaction. Assume Rearden offers an exchange ratio such that, at current pre-announcement share prices for both firms, the offer represents a 20% premium to buy Associated Steel.How many new shares Rearden needs to issue to pay for this deal?What is the exchange ratio?What will be the price per share of the combined corporation after the merger?What will be the price per share of the Rearden immediately after the announcement?What will be the price per share of the Associated Steel immediately after the announcement?
Answer and Explanation:
The computation is shown below
Current price = $15
Premium = $15 × 20% = $3
Offer price = $15 + $3 = $18
The value of associated steel = $18 × 4 million shares = $72
a. The number of new shares would be
= $72 ÷ $20
= 3.6
b. The exchange ratio is
= $18 ÷ $20
= 0.9
c. Price per share after the merger is
= ((20 × 10) + (15 × 4)) ÷ (10 + 3.6)
= $19.12
d. Price per share after the annoucement is $19.12
e. Price of associated steel is
= 19.12 × 0.90
= $17.21
You own Bond B and are concerned about interest rates increasing soon. You have chosen Bond H to hedge your B risk. The greater H's dv01:__________.a) the more of it you need to buyb) the more of it you need to sell shortc) the less of it you need to buyd) the less of it you need to sell short
Answer:
The greater H's dv01:__________
c) the less of it you need to buy.
Explanation:
The dollar (or money) duration or DV01 is the dollar value per 01 (100 basis points) of a bond. It measures a bond’s interest rate risk in nominal or dollar-amount terms. Dollar (money) duration assumes that bonds have fixed rates with fixed interval payments. It is a linear approximation of how a bond's value will change in response to changes in interest rates.
Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is the cost of materials. The following data are available for August:
Fatboy Screamer Total
Number of units assembled 2,000 4,000 6,000
Materials cost per unit $ 2,000 $ 3,000
Other costs:
Direct labor $ 6,000,000
Indirect materials 1,800,000
Other overhead 4,200,000
Required:
Howrled-David uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in August.
fatboy screamer total
operation cost
materials cost
total cost
number of units
unit cost
Answer:
Fatboy Screamer Total
Direct labor . $ 2,000,000 $ 4,000,000 $ 6,000,000
Indirect materials . $600,000 $1,200,000 $1,800,000
Other overhead . $1,400,000 $2,800,000 $4,200,000
Materials cost . $4,000,000 $12,000,000 $16,000,000
Total cost . $8,000,000 $20,000,000 $28,000,000
Number of units . 2,000 4,000 6,000
Unit cost . $4,000 $5,000 $4,667
Explanation:
Assign the Material Cost to the Products appropriately. The conversion costs musts be allocated based on the number of units assembled. Conversion costs is the sum of Direct Labor and Manufacturing Overheads (Indirect Costs).
On January 2, 2005 Garr Company acquired machinery at a cost of $320,000. This machinery was being depreciated by the double-declining-balance method over an estimated useful life of eight years, with no residual value. At the beginning of 2007 it was decided to change to the straight-line method of depreciation. Ignoring income tax considerations, the retrospective effect of this accounting change is:__________.
Answer:
The depreciation charge will be lower in 2007 using straight line method compared to the one produced by double-declining-balance method
Explanation:
Double-declining-balance method
Depreciation Expense = 2 × SLDP × BVSLDP
Therefore,
SLDP = 100 ÷ number of useful life
= 100 ÷ 8
= 12.5 %
Calculation of Depreciation Expenses (DE)
2005
DE = 2 × 12.5 % × $320,000
= $80,000
2006
DE = 2 × 12.5 % × ($320,000 - $80,000)
= $60,000
2007
DE = 2 × 12.5% × ($320,000 - $80,000 - $60,000)
= $45,000
Using Straight line Method for 2007 Depreciation Expense
Accumulated Depreciation (2005 to 2006) = $80,000 + $60,000
= $ 140,000
Depreciable Amount = Cost - Accumulated Depreciation
= $320,000 - $140,000
= $180,000
DE = (Cost - Residual Value) ÷ Remaining Useful Life
= $180,000 ÷ 6
= $30,000
Conclusion :
Comparing 2007 Depreciation Expense using double-declining-balance method against straight-line method of depreciation we can see that straight-line method of depreciation produces lower results.
For bonds issued 2019, the taxpayer must amortize bond premium using which of the following methods?
a. Straight-Line Method
b. Constant Yield Method
c. Activity Depreciation Method
d. Double Declining Balance
Answer:
For bonds issued 2019, the taxpayer must amortize bond premium using the following method:
a. Straight-Line Method.
Explanation:
The premium paid by the taxpayer for a bond represents part of the cost basis of the bond. The bond premium can be tax-deductible at a rate spread out (amortized) over the bond's lifespan. The straight-line method for bond premium amortization is considered to be a simpler method than the effective interest amortization method. While the straight-line amortization divides the bond's total premium over the remaining payment periods, the effective interest, which is more complicated, computes some unique values at all points during the amortization process.
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools.
Activity Cost Pool Cost Drivers Estimated Overhead Expected Use of Cost
Driver per Activity
Loading and unloading Number of pieces $97,000 91,500
Travel Miles driven 467,000 585,000
Logistics Hours 62,000 3,150
Compute the activity-based overhead rates for each pool. (Round answers to 2 decimal places, e.g. 12.75.)
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Part 1
Calculation of activity-based overhead rates
Cost of Each Activity = Cost of Activity ÷ Number of times that Activity is performed
Loading and unloading = $97,000 ÷ 91,500
= $1.06 per piece
Travel = $467,000 ÷ 585,000
= $0.80 per mile
Logistics = $62,000 ÷ 3,150
= $19,68
Part 2
Overhead allocation to Job XZ3275
Loading and unloading (150 × $1.06) = $159.00
Travel ($0.80 × 200) = $160.00
Logistics ($19,68 × 0.75) = $14.76
Total Overheads = $333.76
A collaborative selling environment makes the sales pitch more challenging for salespeople.
O True
O False
Answer:
O True
Explanation:
In the case when the selling environment is collaborative so it would make the sales pitch more challenging for the sales people
Here collaborative selling means the collaboration that does not between the sales team members but it would be done between the sales people and the customers
So the given statement is true
Hence, it is not false
You should use a(n) _____________ to track the mean diameter of the pipe for a manufacturing process producing copper pipes.
Answer: String
Explanation:
How the measurement is done with a string;
•Wrap a string around the pipe.
•Mark the point where the string touches together.
•Use a ruler or measuring tape to find the length between the tip of the string and the mark you made (circumference)
•Divide the circumference by 3.14159.
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Napakaraming uri ng impormasyon ang maaaring makuha sa internet, gaya ng
Answer:
seriously what is this?
Short Corporation acquired Hathaway, Inc., for $53,350,000. The fair value of all Hathaway's identifiable tangible and intangible assets was $50,000,000. Short will amortize any goodwill over the maximum number of years allowed. What is the annual amortization of goodwill for this acquisition
Answer:
$0
Explanation:
Based on the information given No annual amortization of goodwill for this acquisition based on the fact that GOODWILL as an asset will remain forever because they won't dilapidate or worn out which is why GOODWILL are not amortized and Secondly we cannot see or touch GOODWILL which is why they are called intangible asset .
Therefore the annual amortization of goodwill for this acquisition will be $0.
How would the following transactions affect U.S. exports, imports, and net exports?
a. An American art professor spends the summer touring museums in Europe.
b. Students in Paris flock to see the latest movie from Hollywood.
c. Your uncle buys a new Volvo.
d. The student bookstore at Oxford University in England sells a copy of this textbook.
e. A Canadian citizen shops at a store in northern Vermont to avoid Canadian sales taxes.
Answer:
A. As a result of the professors activities, import would increase while export remains unchanged. Net export would reduce.
B. Export would increase while import remains unchanged. Net import would increase
C. Volvos are made in Sweden. So, the Volvo would be imported. This increases import and export remains unchanged. Net export would reduce.
D. The sales takes place in England, so US export, import and net export would remain unchanged.
E. Export would increase while import remains unchanged. Net import would increase
Explanation:
Net export = Export - Import
Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $105,000. The equipment will have an initial cost of $473,000 and have a 10 year life. If the salvage value of the equipment is estimated to be $84,000, what is the payback period?A. 10.00 yearsB. 5.25 yearsC. 4.50 yearsD. 3.29 years
Answer:
D. 3.29 years
Explanation:
Payback period = Initial cost / (An annual increase in net income after tax + Depreciation per year )
Payback period = $473,000 / [$105,000 + ($473,000-$84,000)/10]
Payback period = $473,000 / [$105,000+$38,900
Payback period = $473,000 / $143,900
Payback period = 3.28700
Payback period = 3.29 years
Given the vast resources available to mutual fund managers, these managers on average have generally: Multiple Choice outperformed the overall market on a risk-adjusted basis. eliminated excess profits for arbitrageurs. beat broad-based indexes. proved the market to be strong form efficient. underperformed the market on a risk-adjusted basis.
Answer: underperformed the market on a risk-adjusted basis.
Explanation:
A mutual fund manager is someone who implements a investment strategy for a fund and helps.in the management of the trading activities as well. They simply help in overseeing the mutual funds and also help in making vital decisions regarding such investments.
Given the vast resources available to mutual fund managers, these managers on average have generally underperformed the market on a risk-adjusted basis. They've not been able to beat the market while some have even run at a loss as they made bad investment decisions.
A collaborative selling environment makes the sales pitch more challenging for salespeople.
O True
O False
Answer: True
Explanation:
Collaborative selling simply refers to a sales approach whereby both the buyer and seller collaborate that is, work together in order to get a convenient and suitable purchase.
It should be noted that a collaborative selling environment makes the sales pitch more challenging for salespeople. Therefore, the answer is true.
While preparing its year 3 financial statements, Dek Corp. discovered computational errors in its year 2 and year 1 depreciation expense. These errors resulted in overstatement of each year’s income by $25,000, net of income taxes. The following amounts were reported in the previously issued financial statements:
Year 2 Year 1
Retained earnings, 1/1 $700,000 $500,000
Net income 150,000 200,000
Retained earnings, 12/31 $850,000 $700,000
Dek’s year 3 income is correctly reported at $180,000. Which of the following amounts should be adjusted to retained earnings and presented for net income in Dek’s year 3 and year 2 comparative financial statements?
Year Retained earnings Net income
year 2 -- 150,000
year 3 ($50,000) 180,000
year 2 ($50,000) $150,000
year 3 -- 180,000
year 2 ($50,000) $125,000
year 3 -- 180,000
year 2 -- $125,000
year 3 -- 180,000
Answer:
Dek Corp.
The amounts should be adjusted to retained earnings and presented for net income in Dek’s year 3 and year 2 comparative financial statements are:
Year Retained earnings Net income
year 2 ($50,000) $150,000
year 3 -- 180,000
Explanation:
a) Data and Calculations:
Years 1 and 2 net income overstated by $25,000 each.
Year 2 Year 1
Retained earnings, 1/1 $700,000 $500,000
Net income 150,000 200,000
Retained earnings, 12/31 $850,000 $700,000
b) With the above amounts, the retained earnings of Year 2 are adjusted by a negative $50,000 value, representing the overstated net income for years 1 and 2. This will reduce Year 2's ending retained earnings to $800,000 ($850,000 - $50,000). The second amount will simply state the net income for year 3 as it is.
Wilma Robles is a District Operations Coordinator. When she visits one of her offices she finds that the office has three open boxes of Emerald Cards. Each of the three Tax Pros has a complete box and log sheet at their desk. Two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. What should Wilma do to bring the office in compliance with policies and procedures
The options are:
A.) Wilma should ignore the findings and let the practice continue.
B.) Wilma should report the findings to Incident Management for follow-up on the missing cards.
C.) Wilma should train the associates in the office on the proper distribution policy for Emerald Cards.
D.) Both B. and C.
Answer:
D.) Both B. and C.
Explanation:
Incidence management is defined as the process by which an organisation identifies, analysis and rectifies events that leads to disruption not their business processes.
These adverse effects that prevent a business from working efficiently or being productive are called incidence events.
Most organisations have a department that specialise in analysing and preventing occurrence of these events.
In the given scenario Wilma observed two of the three open boxes do not reconcile when she tries to count cards and entries on the log sheets. This is an incidence event.
First she has to report the event to the incidence management team so they can follow up on the missing cards and also set up a process to prevent future occurrence.
Since this event could also be as a result of inadequate training on process, Wilma should also train the associates in the office on the proper distribution policy for Emerald Cards.
This will reduce such events in the department going forward
A contact center manager is looking for ways to overall cost per case.
What Salesforce metrics should the contact center manager evaluate? (Choose 2)
A. Average number of activities per case
B. Average number of articles attached to a case
C. Total number of cases by origin
D. Average customer satisfaction score by case
An average number of activities per case and a Total number of cases by origin Salesforce metrics should the contact center manager evaluate. Therefore option A and C is correct.
A cost is a sum of money that was used during the production or delivery of a service or item that is therefore no longer accessible for use. In the case of an asset value, the money spent on the acquisition is considered the cost. In this instance,
Money is the input used to obtain the item. This acquisition cost may include both additional transaction expenses incurred by the acquirer over and beyond the price given to the producer, as well as the manufacturing costs as borne by the original producer. Typically, there is a profit margin added to the price over the cost of manufacturing.
Cost is a measure that adds up as a result of a procedure or as a difference in the outcome of a decision, to put it more broadly in the context of economics. Cost is hence the metric employed in the common modeling paradigm for economic processes.
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A change in location with respect to a reference point is ___
PLEASE HELP!!!
Answer:
Motion.
Explanation:
Motion can be defined as a change in location with respect to a reference point.
This ultimately implies that, motion would occur as a result of a change in location (position) of an object with respect to a reference point or frame of reference i.e where it was standing before the effect of an external force.
Mathematically, the motion of an object is described in terms of acceleration, time, distance, speed, velocity, displacement etc.
Larry comes to your office to file his 2020 tax return and tells you that he never received an Economic Impact Payment (EIP) during 2020. It appears that he should have qualified. You assist Larry in checking the Get My Payment tool at www.irs.gov, where it says that a payment was deposited to a bank account that Larry states is not his. Larry will need to:
Incomplete question. The options:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
b. File Form 14039, Identity Theft Affidavit, with the IRS.
c. Contact the Farm Housing Administration.
d. Contact the bank that received the deposit and ask them to redirect the funds to him.
Answer:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
Explanation:
True. According to the information found on the IRS website concerning those who were eligible but didn't receive the Economic Impact Payment (EIP) during 2020, they are to fill the 2020 Form 1040 alongside submitting their tax returns for the year 2020.
Hence, Larry simply needs to file his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
Interest Rates) Well-known financial writer Andrew Tobias argues that he can earn 177 percent per year buying wine by the case. Specifically, he assumes that he will consume one $10 bottle of fine Bordeaux per week for the next twelve weeks. He can either pay $10 per week or buy a case of 12 bottles today. If he buys the case, he receives a 10 percent discount, and, by doing so, earns the 177 percent. Assume he buys the wine and consumes the first bottle today. Do you agree with his analysis? Do you see a problem with his numbers?
Answer:
I disagree and his numbers are clearly wrong.
Explanation:
there are 52 weeks in a year, so the you should consume 52 bottles of wine per year. By the way, $10 per bottle doesn't buy any fine wine, but lets follow the question.
If you buy each wine individually, you will spend $10 x 52 = $520.
If you buy the wine by cases, you will spend $520 x 90% = $468
the difference is clearly not 177%, it only represents $52 or 10%.
Even if you decided to invest your savings per case of wine = $12 x $10 x 10% = $12
his total savings per year = $52 are spread over the year, so you could consider them an annuity of 4 $12 payments and 1 $4 payment. In order for this annuity to represent a 177% gain, which is equivalent to $468 x 177% = $828.36, the interest rate should be extremely high.
FV of an annuity due = payment x FV annuity due factor
$828.36 = $12 x FV annuity due factor
FV annuity due factor = $828.36 / $12 = 69.03
the % earned in 4.3 periods that results in 69.03 is close to 150% per every 12 weeks. This is not a reasonable interest rate.
Milhouse is a franchisee of Krusty Burger, LLC Their contract gives Krusty Burger the right to control virtually all aspects of Milhouse’s operation, including the hiring of employees. One of the employees, Nelson commits a tort against Ralph, one of Milhouse’s customers. Ralph files a suit against Krusty Burger. Krusty Burger is most likely
Answer:
risks liability under the doctrine of respondeat superior.
Explanation:
A franchise is a seperate business that uses the parent business brand.
The parent company can give in addition to the brand support in training, provision of some inventory, hiring, and so on.
According to the contract signed between them Krusty burger controls all aspects of the Milhouse operations, so they are a respondeat superior.
This means they are responsible for the actions of Milhouse because of their level of involvement in the franchise operations.
In the given scenario Nelson commits a tort against Ralph, one of Milhouse’s customers. Ralph files a suit against Krusty Burger.
Krusty burger will be liable because they are a respondeat superior
Which of the following parties to an option contract on a company's shares is obligated to buy shares at the option exercise price if the option is exercised? A. Call buyerB. Put sellerC. Put buyerD. Call seller
Answer:
Option B (Put seller) is the appropriate alternative.
Explanation:
Put seller relates to the practice including its opportunity to then be implemented. That whenever a put application is approved, this same writer typically takes the equality of opportunity at either the strike amount from the lengthy put grabber. Writing possibilities seems to be an opportunity for investors. That being said, the earnings from composing the given opportunity would be constrained to either the premium, although the put buyer could keep going to create revenue or gains until another inventory would be zero.Some other three situations do not relate to either the type of situation in question. So there is one that is the appropriate one.
The parties that an option contract on a company's shares is obligated to buy shares at the option exercise price if the option is exercised include option B: Put Seller.
What is the term Put Seller about?Put seller is defined as the seller relates to the practice including the equality of opportunity at either the strike amount from the lengthy put grabber.
Writing possibilities seems to be an opportunity for investors. The earnings from composing the given opportunity would be constrained to either the premium.
Therefore, correct option is B.
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The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest rate that banks can charge for loans to their most creditworthy customers. lowest interest rate that banks can charge for lending reserves to other banks or financial institutions. interest rate at which banks can borrow reserves from the Federal Reserve. b. If the Fed were to decrease the discount rate, banks will borrow: multiple choice 2 fewer reserves, causing an increase in lending and the money supply. more reserves, causing an increase in lending and the money supply. more reserves, causing a decrease in lending and the money supply. fewer reserves, causing a decrease in lending and the money supply.
Answer:
a. The discount rate is the
interest rate at which banks can borrow reserves from the Federal Reserve.The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.
b. If the Fed were to decrease the discount rate, banks will borrow
more reserves, causing an increase in lending and the money supply.Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.
Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The company's total variable selling and administrative expense was $60800, and fixed selling and administrative expense was $54020. The total fixed costs for the firm are
Answer:
$54,020
Explanation:
Total fixed costs = Fixed selling and administrative expenses
Total fixed costs = $54,020
Thus, the total fixed costs for the firm is $54,020
If the dividend yield for year 1 is expected to be 5% based on a stock price of $25, what will the year 4 dividend be if dividends grow annually at a constant rate of 6%
Answer:
$1.33
Explanation:
Calculation for what will the year 4 dividend be
Using this formula
Year 4 dividend=[(Expected dividend yield×Stock price)×(1+Constant rate )]
Let plug in the formula
Year 4 dividend = [(.05 × $25) × (1+0.06)]
Year 4 dividend=(.05 × $25) × 1.06
Year 4 dividend=1.25×1.06
Year 4 dividend= $1.33
Therefore what will the year 4 dividend be if dividends grow annually at a constant rate of 6% is $1.33
Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The remaining partners are not interested in buying Kim’s interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies?a. Partition Law Suitb. Tenants in Commonc. Joint Tenancyd. Separate Ownership
Answer: Joint Tenancy
Explanation:
Based on the information that is given in the question, the form of concurrent ownership that applies is the joint tenancy.
Joint tenancy occurs when two or more individuals own thesame property. As a result, the joint tenants that is, the individuals who own the property share an equal ownership and also have equal right on the property.
Which organization most fully protects owners from personal liabilities and is taxed separately?
a. Partnership
b. S Corp
c. LLC
d. C Corp
Answer:
d. C Corp
Explanation:
A C Corp refers to a C corporation which refers to a legal structure for a corporation in which in the entity is taxed separately from the shareholders who are the owners of the corporation.
In a C Corp, the income, assets and liabilities of the owners are legally separated from that of the corporation, and the personal liability of the shareholders is limited to their amount of their shareholding or investment in the corporation.
Therefore, organization that most fully protects owners from personal liabilities and is taxed separately is C Corp.
Negative word-of-mouth communication is more likely to occur when consumers: Group of answer choices repeatedly purchase products of a single brand. perceive that the problem is severe. face problems that are unstable. make purchase decisions that are not credible. are satisfied with the company's responsiveness.
Answer:
perceive that the problem is severe.
Explanation:
The negative worth of mouth communication arise when the problem is very serious. As the firm product would be more famous by the worth of mouth only but if there is a negative worth of mouth communication so it seems that the problem is very serious
Therefore the second option is correct
Hence, all the other options are incorrect
How the big crunch happen according to the steffen hawking?
Answer:
Before he passed away in March, theoretical physicist Stephen Hawking had published more than 230 articles on the birth of the universe, black holes and quantum mechanics. It turns out he had one more theory left in the locker.
On Wednesday, the Journal of High Energy Physics published the British scientist's final thoughts on the Big Bang, the leading theory for how the universe began. The new report, co-authored by Belgian physicist Thomas Hertog, counters the longstanding idea that the universe will expand for eternity. Instead, the authors argue the Big Bang had a finite boundary, defined by string theory and holograms.
Alan's employer maintains a long-term disability income plan on which it pays all premiums. Last year, Alan received $40,000 in benefits under the plan during his period of disability. How much of the benefits received, if any, must Alan include in his income
Answer:
$40,000
Explanation:
If Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.
The amount of the benefit received if any must Alan include in his income should be $40,000.
The following information should be considered:
In the case when Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.Learn more: brainly.com/question/16911495