People who booked a tour with a company in Alaska before COMID-19 can request a cash refund or a credit that they can use later meaning the company will still have the money. If too many people ask for cash refunds, the company will go out of business. Their customers, who are all around the world and do not know each other, prefer that the company stays in business while they receive a cash refund. No one wants the company to go out of business while they still have trip credit (so they would lose their money. Based on what you know about game theory, what is the most likely outcome?
A. Everyone will cooperate, take trip credit, and the company will stay in business.
B. Everyone will honor sunk costs, take the cash refund, and the company will go out of business.
C. Everyone will honor sunk costs, take trip credit, and the company will stay in business.
D. Everyone will follow their self-interest, request a cash refund, and the company will go out of business.
E. None of these.
Answer:
A. Everyone will cooperate, take trip credit, and the company will stay in business.
Explanation:
The people have booked the tour before COMID-19. It is an uncontrollable factor which is not in the control of anyone. The people and the company will have to bear the consequences of the COMID-19 together. If the customers ask for cash refund, it is not possible for the company to repay all its customers back because the company might have made necessary arrangements for their guests.
If you get in an accident with a hit-and run driver, ___ will cover any damage. a. collision insurance c. medical payments b. comprehensive physical insurance d. uninsured motorist insurance
Answer:
A.
Explanation:
Collision insurance covers anything from a car accident you did, or someone else did.
The preliminary version of a security offer that is circulated to potential buyers before SEC approval (registration) is obtained is called a: Final prospectus Shelf registration statement Due diligence draft Waiting period offer Red herring prospectus
Answer:
red herring prospectus.
Explanation:
Red herring can be regarded as preliminary prospectus that is been filed by a company that has Securities and Exchange Commission (SEC), and this is usually have connection with
initial public offering of the company (IPO). A red herring prospectus encompass most of the information pertaining to the operations as well as prospects of the company though does not include key details like security issue, that's its price as well as number of shares offered.It should be noted that The preliminary version of a security offer that is circulated to potential buyers before SEC approval (registration) is obtained is called red herring prospectus.
A company has 5,000 shares of $100 par preferred stock and 50,000 shares of $10 par common stock outstanding. Its total stockholders' equity is $2,000,000. Its book value per common share is:
Answer:
30
Explanation:
The first step is to calculate the preferred stock
= 5,000×100
= 500,000
Therefore the book value per common share can be calculated as follows
= 2,000,000-500,000/50,000
= 1,500,000/50,000
= 30
Hence the book value per common share is 30
A stock is expected to return 8% in a normal economy, 12% if the economy booms, and lose 3% if the economy moves into a recessionary period. Economists predict a 56% chance of a normal economy, a 25% chance of a boom, and a 19% chance of a recession. The expected return on the stock is __%.
Answer: 6.91%
Explanation:
Expected return = Sum of (Probability of state of economy * Return given state of economy)
= (56% * 8%) + (12% * 25%) + (19% * -3%)
= 4.48% + 3% - 0.57%
= 6.91%
Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Entries for the consolidation of Lisa and Victoria would be recorded in Group of answer choices A worksheet. Lisa's general journal. Victoria's general journal. Victoria's secret consolidation journal. The general journals of both companies.
Answer: worksheet
Explanation:
The entries for the consolidation of Lisa and Victoria would be recorded in a worksheet.
Consolidation worksheet refers to the tool that is used in the preparation of the consolidated financial statements of both a parent company and the subsidiaries.
The consolidation worksheet is important as it shows the individual book values for the parents company and the subsidiaries.
Does anyone know how much netflix Approximately pay for a movie to be on netflix ?
Answer:
Depends on the ranking
Explanation:
$82 Using the incremental method, what amount of revenue will be allocated to Math Fun in the package that contains all three products
Answer:
$28.62
Explanation:
Calculation to determine what amount of revenue will be allocated to Math Fun in the package that contains all three products
First step is to calculate the Total revenue of three product if sold individually
Total revenue= $21 + $37 + $48
Total revenue= $106
Now let calculate the allocation of revenue to Math fun based on revenue proportion
Using this formula
Revenue allocation= Packaged revenue / Total individually revenue * Revenue of Math fun
Let plug in the formula
Revenue allocation= $82/106*37
Revenue allocation= $28.62
Therefore the amount of revenue that will be allocated to Math Fun in the package that contains all three products is $28.62
The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Product Number of Units Labor Hours Per Unit Machine Hours Per Unit Blinks 1,178 2 5 Dinks 2,060 3 6 All of the machine hours take place in the Fabrication department, which has an estimated overhead of $108,300. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $87,800. The Ramapo Company uses a single overhead rate to apply all overhead costs based on labor hours. What is the overhead cost per unit for Blinks
Answer:
Allocated MOH per unit= $45.94
Explanation:
Giving the following information:
Product Number of Units Labor Hours Per Unit
Blinks 1,178 2
Dinks 2,060 3
Estimated overhead costs for the period= 108,300 + 87,800= $196,100
Total direct labor hours= (1,178*2) + (2,060*3)= 8,536
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 196,100 / 8,536
Predetermined manufacturing overhead rate= $22.97 per direct labor hour
Now, we allocate overhead to Blinks:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 22.97*2= $45.94
Consider a trader who takes a long position in a six-month forward contract on the euro. The forward rate is $1.75 = €1.00; the contract size is €62,500. At the maturity of the contract the spot exchange rate is $1.65 = €1.00. A. The trader has lost $625. B. The trader has lost $6,250 C. The trader has made $6,250 D. The trader has lost $66,287.88
Answer:
B. The trader has lost $6,250
Explanation:
Calculation to determine the amount the trader has loss
First step
You will buy at $1.75 and spend= (1.75 × 62,500) You will buy at $1.75 and spend= $109,375
Second step
But you could buy and spend= (1.65 × 62,500)
But you could buy and spend= $103.125
Now let calculate the amount the trader has loss
Loss=$103,125 - $109,375
Loss = -$6,250
Therefore The trader has lost $6,250
Oriole Company purchased for $8,767,800 a mine that is estimated to have 48,710,000 tons of ore and no salvage value. In the first year, 2,830,000 tons of ore are extracted. (a1) Calculate depletion cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depletion cost per unit $enter the depletion cost per ton amount in dollars per ton
Answer:
the depletion cost per unit is $0.18 per ton
Explanation:
The computation of the depletion cost per unit is shown below;
We know that
Depletion cost per ton is
= (Total cost - salvage value) ÷ total estimated units
= ($8,767,800 - $0) ÷ 48,710,000
= $0.18 per ton
Hence, the depletion cost per unit is $0.18 per ton
we simply applied the above formula so that the depletion cost per ton could come
Megg Stallion wants to open an account with a balance of about 300, issued checks 50, and makes 6 deposits each month. Which bank(s) will be most fitting if she expects to always maintain a minimum of her monthly contribution and does not mind spending at most $6 per month
Answer: Regular checking account with a monthly fee $4 for an unlimited number of checks,no monthly balance required and no interest earning.
Explanation:
I searched further online and got the options. The correct option will be "Regular checking account with a monthly fee $4 for an unlimited number of checks,no monthly balance Required and no interest earning"
Since Megg has an opening balance of 300, she can't open a account that requires a minimum balance of 400. Likewise, it'll be unwise to charges $6 monthly when the balance in the account falls below 300.
Therefore, she should open this account with a monthly fee of $4 and no minimum monthly balance required since the cost of keeping the account is cheaper and better than others.
Gina borrows from Regional Loan Company the funds to buy a car. The car secures the debt. Gina defaults on the loan. Regional takes possession of the car, planning to sell it to recover some of the unpaid debt. Before the creditor sells the car or enters into a contract for its sale, Gina can pay what she owes and take back the car. This is
Answer:
right of redemption allows delinquent borrower to reclaim property if they are able to repay their obligations in time.
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a
a) motel.
b) bed and breakfast.
c) hotel.
d) resort.
Answer:
b) bed and breakfast.
Explanation:
A bed and breakfast is actually a type of lodging which offers overnight accommodation and breakfast for its customers. They are not usually a public establishment and do not require much rooms as they typically have about four to six rooms.
Therefore, because Cynthia is a hospitality worker that works in the lodging industry, and also likes to cater to a small group of people, she would likely open a bed and breakfast.
Answer:
bed and breakfast.
Explanation:
edge 2022
Pretax Income From Percentage-Of- Completion Completed Contract Difference 2017 $1,024,000 $657,000 $367,000 2018 1,280,000 821,250 458,750 (a) Incorrect answer iconYour answer is incorrect. Assuming that the tax rate is 40%, what is the amount of net income that would be reported in 2018
Answer: $768,000
Explanation:
In 2018 the Net income is based on the pretax income from percentage of completion of $1,280,000.
Net income = Pretax income * ( 1 - tax rate)
= 1,280,000 * (1 - 40%)
= $768,000
Andes Corporation used the following data to evaluate their current operating system. The company sells items for $19 each and used a budgeted selling price of $19 per unit. Actual Budgeted Units sold 48,000 units 39,000 units Variable costs $167,000 $152,000 Fixed costs $41,000 $50,000 What is the static-budget variance of revenues
Answer:
$171,000 Favorable
Explanation:
Static-budget variance of revenues = Actual revenue - Budgeted revenue
Static-budget variance of revenues = [Units sold*Price] - [Units sold*Price]
Static-budget variance of revenues = [48000*$19] - [39000*$19]
Static-budget variance of revenues = $912,000 - $741,000
Static-budget variance of revenues = $171,000 Favorable
Pagemaster Enterprises is considering a change from its current capital structure. The company currently has an all-equity capital structure and is considering a capital structure with 30 percent debt. There are currently 2,150 shares outstanding at a price per share of $70. EBIT is expected to remain constant at $20,000. The interest rate on new debt is 10 percent and there are no taxes. a.Rebecca owns $30,100 worth of stock in the company. If the firm has a 100 percent payout, what is her cash flow
Answer:
Pagemaster Enterprises and Rebecca
If the firm has a 100 percent payout, Rebecca's cash flow is:
= $3,097.
Explanation:
a) Data and Calculations:
Outstanding shares = 2,150
Current price of shares = $70 per share
Market value of outstanding shares = $150,500 ($70 * 2,150)
Debt = 30% of $150,500 = $45,150
Equity = 1- 0.30 = 0.70 or 70%
Interest rate on new debt = 10%
Interest expense = $4,515 ($45,150 * 10%)
EBIT = $20,000
Interest (4,515)
EBT = $15,485
Dividend payout ratio = 100%
Rebecca's investment value = $30,100 = 20% ($30,300/$150,500 * 100)
Therefore, Rebecca's cash flow = $3,097 (20% of $15,485)
enjing purchases a bond for $2,000 with 12 remaining $40 quarterly coupon payments. The bond broker who sells her the bond reassures her that she will earn a return of 3% per quarter but does not disclose the bond's par value. What par value would result in the return the bond broker promises
Answer:
Wenjing
The par value that would result in the return the bond broker promises is:
= $1,333.
Explanation:
a) Data and Calculations:
Bond amount paid = $2,000
Quarterly coupon payments = $40
Remaining coupon payments = 12
Bond maturity period = 3 years (12/4)
Promised returns per quarter = 3%
The implication is that the bond's annual interest rate = 12% (3% * 4 quarters)
Par value of bond = Quarterly premium/Quarterly returns in percentage = $1,333 ($40/0.03)
Check this out: 3% of $1,333 = $40
Organizations periodically have an external entity review the controls so as to uncover any potential problems in the controls. This process is called _____________ .
Answer: information system audit
Explanation:
The information system audit is the process through which organizations periodically have an external entity which helps in reviewing the controls in order to uncover any potential problems in the controls
In order to know how effectivene the information system controls is, the information systems audit is vital. It is required to verify the accounting records of an organization as well as the financial statements.
Company X currently has a capital structure that consists of 40% equity, 20% preferred equity, and 40% of debt. The risk-free rate is 3% and the market risk premium is 8%. The company's equity beta is 1.1. The dividend yield for the preferred equity is 6%. The corporate tax rate is 21%, and the cost of borrowing for company X is 5%. What is the WACC for company X
Answer:
14.58%
Explanation:
WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate) + weight of preferred equity x dividend yield
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
r= 3% + 1.1 x 8 = 11.8
equity = 0.4 x 11.8% = 4.72
d = 0.4 x 5 x (1 -0.21) = 1.58
p = 0.2 x 6 = 1.2
11.8 + 1.58 + 1.2 =
Shelby Corporation was organized in January to operate an air-conditioning sales and service business. The charter issued by the state authorized the following capital stock:
Common stock, $1 par value, 200,000 shares.
Preferred stock, $10 par value, 6 percent, 50,000 shares.
During January and February, the following stock transactions were completed:
a. Collected $196,000 cash and issued 14,000 shares of common stock.
b. Issued 12,000 shares of preferred stock at $24 per share; collected in cash.
Net income for the year was $44,000; cash dividends declared and paid at year-end were $11,000.
Required:
Prepare the stockholders' equity section of the balance sheet at December 31.
Answer and Explanation:
The preparation of the stockholders' equity section of the balance sheet at December 31 is presented below:
Contributed Capital:
Common Stock [14000 shares × $10 par] $14,000
Preferred Stock [12000 shares × $10 par] $120,000
Paid in Capital in excess of par - Preferred Stock ((12,000 × $24) - $120,000) $168,00 0
Paid in Capital in excess of par - Common Stock ($196,000 - $14,000) $182,000
Total Contributed Capital $484,000
Retained Earnings ($44,000 - $11,000) $33,000
Total Stockholder's Equity $517,000
Recording Transactions Affecting Stockholders’ Equity
King Corporation began operations in January 2014. The charter authorized the following capital stock:
Preferred stock: 10 percent, $10 par, authorized 40,000 shares
Common stock: $5 par, authorized 85,000 shares
During 2014, the following transactions occurred in the order given:
a. Issued 22,000 shares of common stock to each of the three organizers and collected $9 cash per share from each of them.
b. Sold 9,000 shares of the preferred stock at $20 per share.
c. Sold 1,000 shares of the preferred stock at $20 and 2,500 shares of common stock at $10 per share.
Required:
Give the journal entries indicated for each of these transactions.
Answer:
King Corporation
Journal Entries:
a. Debit Cash $594,000
Credit Common stock $330,000
Credit Additional Paid-in Capital- Common $264,000
To record the issuance of 22,000 shares of common stock to each of the three organizers at $9 per share.
b. Debit Cash $180,000
Credit 10% Preferred stock $90,000
Credit Additional Paid-in Capital - Preferred $90,000
To record the issuance of 9,000 shares of the preferred stock at $20 per share.
c. Debit Cash $45,000
Credit 10% Preferred stock $10,000
Credit Additional Paid-in Capital- Preferred $10,000
Credit Common stock $12,500
Credit Additional Paid-in Capital-Common $12,500
To record the issuance of 1,000 shares of the preferred stock at $20 and 2,500 shares of common stock at $10 per share.
Explanation:
Data and Analysis:
a. Cash $594,000 Common stock $330,000 Additional Paid-in Capital- Common $264,000
22,000 shares of common stock to each of the three organizers and collected $9 cash per share from each of them.
b. Cash $180,000 10% Preferred stock $90,000 Additional Paid-in Capital - Preferred $90,000
9,000 shares of the preferred stock at $20 per share.
c. Cash $45,000 10% Preferred stock $10,000 Additional Paid-in Capital- Preferred $10,000 Common stock $12,500 Additional Paid-in Capital-Common $12,500
1,000 shares of the preferred stock at $20 and 2,500 shares of common stock at $10 per share.
Concord Corporation reported the following information for 2016: October November December Budgeted sales $430000 $400000 $510000 Budgeted purchases $210000 $226000 $258000 Cost of goods sold is 35% of sales. Concord purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2016? $84000 $126000 $216000 $90400
Answer:
a. $84,000
Explanation:
Given, credit purchases are 40% of the sales, will be collected in the following month
Credit purchase = Budgeted purchase * 40%
Credit purchase = $210,000 * 40%
Credit purchase = $84,000
So, the budgeted balance for Accounts Payable at October 31, 2016 is $84,000.
Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,800 Stage 2: Lumber is sold to furniture company. $4,000 Stage 3: Furniture company sells furniture to retail store. $8,200 Stage 4: Furniture store sells furniture to consumer. $12,500 Instructions: Enter your responses rounded to the nearest whole number. a. What is the value added at each stage
Answer:
Stage 1 value added $1,800
Stage 2 value added $2,200
Stage 3 value added $4,200
Stage 4 value added $4,300
Explanation:
Calculation to determine the value added at each stage
Stage 1 value added = $1,800
Stage 2 value added =$4,000 – $1,800
Stage 2 value added=$2,200
Stage 3 value added = $8,200 – $4,000
Stage 3 value added = $4,200
Stage 4 value added =$12,500 – $8,200
Stage 4 value added =$4,300
Therefore the value added at each stage are:
Stage 1 value added $1,800
Stage 2 value added $2,200
Stage 3 value added $4,200
Stage 4 value added $4,300
On January 1, year 8 Harper Co. finances the purchase of equipment by issuing a $15,000 non-interest-bearing note payable. The note will be paid off in 10 equal annual installments beginning on December 31, year 8. The market rate of interest for notes of this type is 5%. Considering the information below, at what amount should Harper Co. report the equipment on its balance sheet dated December 31, year 8
Answer: $11583
Explanation:
The amount that Harper Co. should report the equipment on its balance sheet dated December 31, year 8 will be calculated thus:
= Amount of annual instalment × PV of ordinary annuity of $1 at 5% for 10 periods
= (15000/10) × 7.72173
= 1500 × 7.72173
= 11582.595
= 11583
Therefore, the amount will be $11583
in a bad news message the reasons for the decision
are so obvious that you don’t need to mention them
come directly after the buffer and follow naturally from it
should be glossed over quickly
should be long and roundabout to cushion the negative aspects
Answer:
should be long and roundabout to cushion the negative aspects
if you are delivering bad news if it is directly affecting them they would most likely like to know why and if they can help this issue
Explanation:
mrk me brainliest please.
All of the following statements characterize the traditional personal selling approach EXCEPT: a. Traditional selling focuses on closing sales. b. Traditional selling uses short-term follow-ups that focus on product delivery. c. Traditional personal selling takes a team approach to the account. d. Salespeople sell products, not advice and assistance. e. Proposals and presentations used emphasize pricing and product features.
Answer:
c. Traditional personal selling takes a team approach to the account.
Explanation:
Traditional sales can be regarded as a
very seller-centric. This approach relies on grabbing attention through interruption of what people are doing, and by telling them the reason they should be interested in that particular thing you are offering, and after this having expectations for them to make a purchase on the spot. Personal selling can be regarded as an approach whereby a salesperson meets find ways to meet a potential buyer, this could be buyers face-to-face having the the aim of selling particular product or service. This is the most traditional form of sales, that is used by many salespeople.
Characteristics of the traditional personal selling approach are;
✓Proposals and presentations used emphasize pricing and product features
✓Traditional selling focuses on closing sales.
✓Traditional selling uses short-term follow-ups that focus on product delivery.
✓Salespeople sell products, not advice and assistance.
g On January 1, 2019, plant assets, net are $190,000. On December 31, 2019, plant assets, net are $290,000. Depreciation expense for the year is $20,000. During the year, plant assets were acquired for $155,000 with cash. There is a Gain on sale of plant asset of $10,000. What are the cash proceeds from the sale of the plant asset
Answer:
$45,000
Explanation:
Given the equation below,
Total beginning net book value of plant assets + Total plant assets purchased during that period - Total depreciation recorded of plant assets during that period - Net book value of plant assets sold during the period = Net closing book value of plant assets
Hence, we have
$190,000 - $20,000 + $155,000 - Net book value of plant assets sold during the period = $290,000
Net boom value of plant sold during the period = $35,000
We also have the equation below;
Sales proceed - Net book value of plant assets sold during the period = Gain(loss) on disposal of assets
Sales proceed - $35,000 = $10,000
Sales proceed = $10,000 + $35,000
Sales proceed = $45,000
A company has the following expenditures during the year. Advertising $ 200,000 Employee training 25,000 Customer outreach and consultation 175,000 The company believes that these efforts have increased the fair value of the entire company by $50,000. How much goodwill can the company recognize at the end of the year associated with these expenditures
Answer:
$0
Explanation:
Given that;
Advertising expenses = $200,000
Employee training = $25,000
Consumer outreach and consultation = $175,000
Since it is mentioned that this cost would be increased, the fair value of the entire company by $50,000
Hence, there is no information related to the takeover of the business. This implies that the goodwill recognized by the company is zero
38-41. X Corporation exchanged a warehouse located in New York for a warehouse located in New Jersey. The adjusted basis of the New York warehouse was $30,000. The fair market value of the New Jersey warehouse just prior to the exchange was $25,000. In addition to the warehouse, X Corporation also received $8,000 in cash. The amount realized by X Corporation is:
Answer:
$33,000
Explanation:
The computation of the amount realized by X corporation is given below:
= Fair market value to the exchange + cash received
= $25,000 + $8,000
= $33,000
For determining the amount realized by X corporation we simply added the above two items so that the correct amount could come