Answer:
$87,858.55
Explanation:
Date Transaction Number of Units Cost per Unit
1/1 Beg. 255 $151
6/5 Purchase 455 $171
11/10 Purchase 155 $211
total 865
total purchases + beginning inventory = (255 x $151) + (455 x $171) + (155 x $211) = $149,015
average cost per unit = $149,015 / 865 units = $172.27
COGS = $172.27 x 510 units = $87,858.55
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $70. Limit Buy Orders Limit Sell Orders Price Shares Price Shares $69.75 800 $69.80 120 69.70 1,100 69.85 120 69.65 800 69.90 200 69.60 200 69.95 120 68.65 900 a. If a market buy order for 120 shares comes in, at what price will it be filled
Answer:
$69.80
Explanation:
Note, a market order is an order designed to execute an order immediately by matching the best available price on the sell order list.
When we look carefully at the sell order book, we observe that the only sell order containing the specified quantity of 120 units of shares at a price close to the market price is $69.80. Even though there are other cheaper orders are available, their order quantity does not match the market buy order for the 120 shares and thus would not be filled.
If the minimum attractive rate of return is 7%, which alternative should be chosen assuming identical replacement (like kind exchange)
A B
First Cost $5000 $9200
Uniform Annual Benefit $1750 $1850
Useful life ,in years 4 8
Answer:
The alternative that should be chosen assuming identical replacement is:
Alternative B.
Explanation:
a) Data and Calculations:
Alternatives:
A B
First Cost $5,000 $9,200
Uniform Annual Benefit $1,750 $1,850
Useful life, in years 4 8
Rate of return 7% 7%
Annuity factor 3.387 5.971
Present value of annuity $5,927.25 $11,046.35
Net cash flow $927.25 $1,846.35
b) Alternative B yields a higher return than Alternative A. Since the two alternatives are based on the same rate of return, Alternative B will bring in a higher annual benefit, even when discounted to the present value.
For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): Present ValueYears Interest RateFuture value$ 13 7% $15,251 4 13 49,557 29 14 884,073 40 9 548,164
Answer:
Present Value = Future Value / ( 1 + interest rate) ^ years
1. Present Value = 15,251 / ( 1 + 7%)¹³
= $6,328.62
2. Present value = 49,557 / (1 + 13%)⁴
= $30,394.24
3. Present value = 884,073 / ( 1 + 14%)²⁹
= $19,780.96
4. Present Value = 548,164 / (1 + 9%)⁴⁰
= $17,452.22
find median for the following terms is 72 76 64 80 68 61 85 91 62 82
Answer: 74 ? i think
Which leadership theory states that the challenge facing leaders is first to analyze the situation and identify the most appropriate style of leadership and then to develop the capacity to be flexible enough to use different leadership styles as appropriate
Answer:
path-goal approach to leadership
Explanation:
According to the information provided by the question above, the most adequate leadership theory is that of path goal leadership approach, which is a model characterized by the adequacy of the leader's behavior in relation to the behavior of employees in the work environment, or in other words, the leader has the flexibility to vary his actions according to the expectations of the employees, with this it is believed that there will be greater motivation and productivity at work.
This theory has as its central focus the adaptation of the leader to the individual needs of each employee in order to provide the best tools and the ideal way to obtain the expected objectives and goals.
Long Life Floors is expected to pay an annual dividend of $7 a share and plans on increasing future dividends by 2 percent annually. The discount rate is 15 percent. What will the value of this stock be 5 years from today
Answer: $60.62
Explanation:
Using the Gordon Growth model;
Value = Next dividend / (Required return - growth rate)
Next dividend in 5th year will be dividend in 6th year;
= 7 * (1 + 2%)⁶
= $7.88
Value₅ = 7.88 / (15% - 2%)
= $60.62
When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded?
O Presentation
O Product
O Place
O Promotion
Answer:
Promotion
Explanation:
Because it is telling people that the product is ready for them to buy it
To make valid computations of adjustments for the sales comparison approach to value, elements of comparison must be applied in a specific order. Which one of these elements listed has the highest priority?
Hello. You forgot to enter the answer options. The response options are:
Location
Market conditions
Conditions of sale
Physical characteristics
Answer:
Physical characteristics
Explanation:
The physical characteristics of the analyzed system, must have priority in determining the approach of comparing sales to value. This is because these characteristics have a strong influence on the composition of the product and the constancy of sales, in addition to determining the entire functioning of the system.
The one of the element that has the highest priority is Physical characteristics
The following information should be considered:
The physical characteristics of the analyzed system, must have priority in determining the approach of comparing sales to value. This is due to the characteristics that contains a strong influence on the composition of the product and the constancy of sales, in addition to measure the overall functioning of the system.Learn more: brainly.com/question/16911495
A pizza monopolist employing third-degree price discrimination charges students $10 per pizza and everyone else $15 per pizza Students must show the ID before they can get the discount The marginal cost of this monopolist is $5 whether or not the customer is a student. The price elasticity of demand for the students is
Answer:
The price elasticity of demand for the students is:
inelastic.
Explanation:
The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students. If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit. Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.
You are buying some television time and the station tells you they reach 87,000 people. They quote you $3 CPM (cost per thousand reached). How much will you have to pay for the time?
A) $261
B) $1,000
C) $3,000
D) $87
Answer:
A) $261
Explanation:
Costs per thousand, as the name suggests, is the cost for every 1000 viewers.
The determine the actual cost; the first step is to divide the total audience by 1000
=87,000/1000
=87
There are 87 sets of 1000 viewers. Each set is charged as $3. The total costs will be
=87 x $3
=$261
Submit
A city is considering a plan to ease traffic congestion by offering to eliminate tolls on cars with 3 or more passengers in them. An
economic analysis is done on the plan. Which conclusion, if reached in this analysis, would weigh against adopting the plan?
A)
Reduced toll revenues would threaten public road maintenance budgets.
B)
Peak traffic times would be spread out over a larger portion of the day,
Typical travel speeds on the toll roads would increase 5% during rush
hours
D)
Average numbers of miles commuting would remain level, due to indirect
routes caused by carpooling
Answer:
A)
Reduced toll revenues would threaten public road maintenance budgets.
Explanation:
If cars will more than three people will not pay tall chargers, the city will collect fewer revenues from the toll stations as some cars will not pay. A significant decline in revenues that can affect road maintenance can influence the city to weigh against implementing that proposal.
Spreading the peak time traffic and increasing speeds is what the city hopes to achieve. The city would be happy if the average number of miles commuted remain the same. The only negative effect that could halt the implementation of the plan is reduced revenues.
Answer:A) reduce total revenues would threaten public road maintenance budgets.
Explanation:
Only ______ segregation produces viable gametes and progeny, which also occurs in about half of meiosis and accounts for semi-sterility of translocation heterozygotes.
a. Alternate
b. Adjacent-1
c. Adjacent-2
d. Both B & C
Answer:
a. Alternate
Explanation:
Translocation is the process whereby two non-homologous chromosomes undergo mutation by exchanging their parts. This establishes new linkages in the chromosomes. Translocations occur during anaphase I of meiosis. There are two common types of segregations that occur during translocations; Adjacent-1 and Alternate segregations which both have equal chances of occurrence. A less common third one is Adjacent-2 segregation.
Adjacent-1 and Adjacent-2 segregation produces genetically incomplete gametes, therefore, the gametes are non-viable or sterile.
Alternate segregation on the other hand result in the formation of genetically complete gametes, therefore, the gametes produced are viable.
Only alternate segregation produces viable gametes and progeny, which also occurs in about half of meiosis and accounts for semi-sterility of translocation heterozygotes.
Which skills are common to Education and Training cluster? skills in math and finance leadership and teaching skills knowledge of instructional design and psychology knowledge of school policies maintenance of classroom discipline communication skills for dealing with students, families, and coworkers
Answer:
Leadership and teaching skillsKnowledge of instructional design and psychologyKnowledge of school policiesMaintenance of classroom discipline Communication skills for dealing with students, families, and coworkersExplanation:
The Education and Training cluster comprises teachers, administrators, and professional student support staff. They work in schools and other educational institutions. Professional in the cluster help students achieve their educations objectives by helping them in academics and providing psycho-social support.
The skills required in this cluster revolve around effective teaching, school administration, and the ability to create good working relationships with students, colleagues, and other stakeholders.
Answer:
The correct answer is A,B,C,E,F
Explanation:
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Consider the exchange rate between Lebanon and Canada. Typically, exchange rates vary over time, sometimes quite dramatically. The scenarios present various changes that may affect the exchange rate. Identify whether each scenario will tend to cause an appreciation, depreciation, or have no effect on the exchange rate of Lebanese pounds relative to Canadian dollars. The magazine The Economist publishes an article indicating that analysts expect the value of Canadian dollars to rise relative to Lebanese pounds. The central bank in Lebanon announces that it is going to raise interest rates on government bonds. Based on a World Bank report, the inflation rate in Lebanon is going to be 5% next year, whereas the inflation rate in Canada is going to be 9.5% . The price of a specific basket of goods in Lebanon is roughly 1.3 times higher than the price of an identical basket of goods in Canada even after adjusting for the exchange rate.
Answer and Explanation:
1. The magazine The Economist publishes an article indicating that analysts expect the value of Canadian dollars to rise relative to Lebanese pounds: if the expectation from analysts is that the value of Canadian dollars will rise relative to Lebanese pounds then the demand for Canadiam dollars will increase therefore increasing the value/appreciate relative to Lebanese pounds.
2. The central bank in Lebanon announces that it is going to raise interest rates on government bonds: This will bring about appreciation in Lebanese pounds relative to Canadian dollars since increase in interest rate in bonds increases investment in government bonds in Lebanese pounds.
3. Based on a World Bank report, the inflation rate in Lebanon is going to be 5% next year, whereas the inflation rate in Canada is going to be 9.5%: A high inflation rate is a negative for the economy. Since inflation rate increases for both economies, there is likely to be a counter effect hence no effect on exchange rates.
4. The price of a specific basket of goods in Lebanon is roughly 1.3 times higher than the price of an identical basket of goods in Canada even after adjusting for the exchange rate: if this basket of goods is used in calculation of consumer price index(CPI) which is representative of the rate of inflation in the economy, then Lebanese pounds will depreciate relative to Canadian dollars since inflation rate has increased relative to the Canadian economy.
python for data Science and al
Answer:
This is line 1
Explanation:
The function would read the first line of the file. To read all the lines, you need to make a for loop and then print every line in the file.
Hope this helps!
Jacobs Company has warrants outstanding, which are selling at a $3.00 premium above intrinsic value. Each warrant allows its owner to purchase one share of common stock at $26. If the common stock currently sells for $30, what is the warrant price? (Round your answer to 2 decimal places.) $11.00 $7.00 $8.00 $10.00
Answer: $7.00
Explanation:
Based on the information provided in the question, the warrant price would be calculated as the addition of the premium which is above the intrinsic value and the paid in excess of the common stock. This will be:
= $3 + ($30 - $26)
= $3 + $4
= $7.00
You are the manager of a bank. You need to decide whether to approve a 10-year loan application from a 25 year old student to finance her MBA. The loan will yield a loss of $250 per year to the bank for the duration of the loan. After 10 years, the student will likely buy other products and therefore she will yield a profit of $500 per year until she is 65. After age 65, she will yield a profit of $1,000 per year until she is 85, when she will stop being a customer. The likelihood that she stops being a customer after she repays her MBA loan is 2% each year. The discount rate that the bank uses is 7% per year.
Would you approve the loan? Please explain with numerical support.
Answer and Explanation:
The computation is shown below:
Present value of loss because of giving the loan to her is
= PVAF (7%, 10 years) × $250
= 7.02358 × $250
= $1,755.9
Now
The Present value of gain after repayment of the loan is
Till age of 65
($500, age 35 years to 65 years i.e. 30 years) is
= [PVAF (7%, 40 years) - PVAF (7%, 10 years)] × 0.98 (probability of failure) × $500
= (13.3317 - 7.02358) × 0.98 × $500
= $3,090.98 (A)
Till age of 85
($1000, age 65 years to 85 years i.e. 20 years)
= [PVAF (7%, 60 years) - PVAF (7%, 40 years)] × 0.98 (probability of failure) × $1,000
= (14.03918 - 13.3317) × 0.98 × $1,000
= $693.33 (B)
Now
Expected inflow from the student post repayment of the loan is
= (A) + (B)
= $3,784.31
Now expected net gain is
= $3,784.31 - $1,755.9
= $2,028.41
Here we exclude the period from 25 to 35 years and at later from 25 years to 65 years
If the federal funds rate were below the level the Federal Reserve had targeted, the Fed could move the rate back towards its target by a. selling bonds. This selling would increase reserves. b. buying bonds. This buying would reduce reserves. c. selling bonds. This selling would reduce reserves. d. buying bonds. This buying would increase reserves.
Answer: c. selling bonds. This selling would reduce reserves.
Explanation:
If the Fed sold bonds, they would be taking money out of the system as people would buy the bonds and pay the Fed. When this happens, the reserves of money in banks reduces.
This leads to a situation where there will be less cash to loan out. This reduction in the supply of loanable funds will result in interest rates rising to reflect that loanable funds are now more scarce thereby pushing the federal funds rate back up to the level targeted.
"We know that how we present data often can affect the audience’s conclusions about the data. In a recent article from Travel Weekly on the Department of Transportation’s on-time stats for airline arrivals, the argument is made that the airline industry pads its own statistics in order reap cost benefits, which may or may not be passed on to consumers. Is the reporting difference an ethical breach of confidence between the consumer and the industry?"
Answer:
The reporting difference is not an ethical breach of confidence between the consumer and the industry.
Explanation:
The information being presented is not confidential information. As a result, there is no ethical breach of confidence. Usually, such a lawsuit for breach of confidence is an action originating in common law concerning information between the airline and the consumers, when one of these parties decides to use the available confidential information for an unfair gain or advantage. This is not the case here between the airlines and the consumers of its services. Therefore, the case for breach of confidence should deal with the restriction of the dissemination of commercially viable information.
Company A considers buying company B by means of a tender offer. Company B will accept any offer of A which reflects a fair value (namely, any offer which is not below the expected value of the project to B, given B's information). Company B is currently undertaking a major project. If the project is a complete failure the fair value of each share of B will be $60, and if it's a complete success the fair value of a share will be $120. The outcome of the project can vary from a complete failure to a complete success, and all outcomes are equally likely. That is, the fair value of a share of B can be any number between 60 and 120 equally likely. The management of A is significantly more skillful than that of B. Under the management of A the share price of B will be $20 higher than under the current management of B. Assume that the offer of A is made before the outcome of the project is known, but B will decide to accept or reject after the outcome is announced. What should A offer B in terms of a price per share
Answer:
the price per share in the case when A offers B is $200
Explanation:
The computation of the price per share is as follows:
The fair value is
= ($60 + $120) × 50%
= $90
The 50% represent the percentage of equally
Now the price per share is
= $90 + $90 + $20
= $90 + $110
= $200
Hence, the price per share in the case when A offers B is $200
The same is to be considered
Your portfolio is 310 shares of Callahan, Inc. The stock currently sells for $101 per share. The company has announced a dividend of $3.20 per share with an ex-dividend date of April 19. Assuming no taxes, what is your portfolio value as of April 19?
Answer: $30,318
Explanation:
On the day the dividend is announced, the price of the stock usually goes down by the amount of dividend announced.
Price on April 19 = 101 - 3.20 = $97.80
Portfolio value = 97.80 * 310 shares
= $30,318
Kaelyn's mother, Judy, looks after Kaelyn's four-year-old twins so Kaelyn can go to work (she drops off and picks up the twins from Judy's home every day). Since Judy is a relative, Kaelyn made sure, for tax purposes, to pay her mother the going rate for child care ($6,460 for the year). What is the amount of Kaelyn's child and dependent care credit if her AGI for the year was $37,600
Answer:
Kaelyn's child and dependent care credit is:
$2,100.
Explanation:
a) Data and Calculations:
Going rate for child care for twins = $6,460
Maximum allowed = $6,000
Kaelyn's AGI for the year = $37,600
Percentage of child and dependent care credit = 35% of the allowed maximum for two children
b) The maximum qualified child and dependent care expense is $6,000 ($3,000 each) that Kaelyn can claim for the twins. Therefore, her child and dependent care credit is 35% of $6,000, which equals $2,100.
You bought a 1000 par value callable bond right after a coupon payment and paid 918 for it. You held it until it was called for 1100 (prior to maturity). The bond had a coupon rate of 9% payable semi-annually. The nominal yield rate convertible semi-annually was 10%. For how many years did you hold the bond
Answer:
25 years
Explanation:
We first set BA II Plus calculator : C/Y = 2, P/Y = 2
Then, I/Y = 10, PMT= -45(1000*9%/2), FV= -1100, PV=918
CPT No of years = N(I/Y, PMT, -FV, PV) (Semi annual period)
CPT No of years = 49.35 (Semi annual period)
CPT No of years = 49.35/2
CPT No of years = 24.68
CPT No of years = 25 years
Hull Company reported the following income statement information for the current year: Sales $ 413,000 Cost of goods sold: Beginning inventory $ 136,500 Cost of goods purchased 276,000 Cost of goods available for sale 412,500 Ending inventory 147,000 Cost of goods sold 265,500 Gross profit $ 147,500 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $23,000. Given this information, the correct gross profit would be:
Answer: $124,500
Explanation:
If Ending Inventory was overstated by $23,000, this means that Cost of Goods was understated by $23,000.
Actual Cost of Goods sold = 265,500 + 23,000
= $288,500
Gross profit = Sales - Cost of goods
= 413,000 - 288,000
= $124,500
Keyser Materials has 8 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 102 percent of par. What is the current yield
Answer: 1020
Explanation:
The following information can be gotten from the question:
Face value of bond = 1000
Coupon = 8%
Therefore, PMT = 8% × 1000/2 = 40
Years to maturity = 19
Since semiannual payments are made,
Nper = 19 × 2 = 38
Current price = PV
= 102% × 1000
= 1.02 × 1000
= 1020
1. Current Yield = Coupon/Current prce
= (2*40)/1020 = 7.84%
Global Exporters wants to raise $29.6 million to expand its business. To accomplish this, it plans to sell 20-year, $1,000 face value, zero coupon bonds. The bonds will be priced to yield 7.75 percent. What is the minimum number of bonds it must sell to raise the money it needs
Answer:
135,436 bonds
Explanation:
Calculation for the minimum number of bonds it must sell to raise the money it needs
First step is to calculate the Bond price
Bond price = $1,000 / [1 + (.0775 / 2)](20 × 2)
Bond price = $218.554
Second step is to calculate the Number of bonds
Number of bonds = $29,600,000 / $218.544
Number of bonds= 135,436 bonds
Therefore the minimum number of bonds it must sell to raise the money it needs will be 135,436 bonds
The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 132,000 Cash dividends declared for the year 52,000 Proceeds from the sale of equipment 87,000 Gain on the sale of equipment 8,200 Cash dividends payable at the beginning of the year 24,000 Cash dividends payable at the end of the year 27,200 Net income for the year 98,000 What is the ending balance for retained earnings
Answer:
the Ending retained earnings balance is $178,000
Explanation:
The computation of the ending retained earnings balance is shown below:
Ending retained earnings balance is
= Opening retained earning balance + net income for the year + cash dividend declared for the year
= $132,000 + $98,000 - $52,000
= $178,000
hence, the Ending retained earnings balance is $178,000
The same is relevant
The Burdell Wheel and Tire Company assembles tires to wheel rims for use on cars during manufacture of vehicles by the automotive industry. Burdell wants to locate a low-cost supplier for the tires he uses in his assembly operation. The supplier will be selected based on total annual cost to supply Burdell's needs. Burdell's annual requirements are for 25,000 tires, and the company operates 250 days a year. The following data are available for two suppliers being considered.SUPPLIER SHIPPING QUANTITY PER SHIPMENT SHIPPING COSTS PRICE / TIRE (p) INVENTORY HOLD COSTS (H) LEAD TIME (DAYS) ADMIN. COSTSLEXINGTON TIRE2,000 $18,000 $30 $6.00 6 $15,000IRMO AUTO1,000 $25,000 $29 $5.80 4 $18,000Using the Total Cost Analysis for Supplier Selection, which supplier should Burdell choose? Provide details to justify your answer.
Answer:
LEXINGTON TIRE provides a higher unit cost but, a lower inventory cost overall considering the ordering, holding cost, and administrative cost generated.
The company should pick LEXINGTON TIRE
Explanation:
LEXINGTON TIRE
SHIPPING QUANTITY PER SHIPMENT 2,000
SHIPPING COSTS 18,000
PRICE per TIRE 30
INVENTORY HOLD COSTS (H) 6.00
LEAD TIME (DAYS) 6
ADMIN. COSTS 15,000
Total cost: 25,000 / 2,000 = 12.5 per year
shipment cost: $18,000 per shipment x 12.5 per year = 225,000
Materials cost:
25,000 tires x $30 per tire = 750,000
Holding cost:
lead time + average inventory
6 days x 100 tires + 2,000 tires / 2 = 1,600 tires on average
times $6 holding cost = 9,600
Total cost: Inventory 225,000 + 750,000 materials + 9,600 holding + 15,000 admin
total 999,600
IRMO AUTO
SHIPPING QUANTITY PER SHIPMENT 1,000
SHIPPING COSTS 25,000
PRICE per TIRE 29(p)
INVENTORY HOLD COSTS (H) 5.80
LEAD TIME (DAYS) 4
ADMIN. COSTS 18,000
Shipping per year: 25,000 / 1,000 = 25
Ordering cost: 25 shipment x 25,000 = 625,000
Materials:
25,000 x 29 = 725,000
Holding:
lead time + average inventory
4 days x 100 + 1000/2 = 900 units on inventory throughout the year
Holding cost: 900 x $5.80 = 5,220
Total Inventory cost:
Ordering 625,000 + materials 725,000 + 5,220 holding + 18,000 admin
total = 1,355,220
in constructing the official unemployment rate (U-3), which of the following does the bureau of labor statistics take into account? choose as many as are correct.
a)survey of firms reporting how many workers they laid off or fired
b)initial unemployment claimed field
c)the average unemployment rate over the last 12 months
d)The change in job posting from one year ago
e) survey of individuals reporting wheater they have job or active looked for work in the last 4 week
Answer:
e) survey of individuals reporting whether they have job or active looked for work in the last 4 week
Explanation:
The unemployment rate (U-3) reports on the number of jobless people that are actively seeking employment. The bureau of labor statistics considers individuals who have sought employment in the past four weeks. The bureau defines an unemployed person as one that is jobless but has actively sought work in the last four weeks.
This unemployment rate (U3) is the most reported and followed. The report is released monthly. The U3 unemployment rate is criticized for not being inclusive of all jobless people. For instance, it does not include discouraged job seekers or those not looking for work due to other factors such as caring for the sick and elderly at home.
alph owns a building that he is trying to lease. Ralph is a calendar-year, cash-method taxpayer and is trying to evaluate the tax consequences of three different lease arrangements. Under lease 1, the building rents for $500 per month, payable on the first of the next month, and the tenant must make a $500 security deposit that is refunded at the end of the lease. Under lease 2, the building rents for $5,500 per year, payable at the time the lease is signed, but no security deposit is required. Under lease 3, the building rents for $500 per month, payable at the beginning of each month, and the tenant must pay a security deposit of $1,000 that is to be applied toward the rent for the last two months of the lease. (Leave no answers blank. Enter zero if applicable.) a. What amounts are include
Answer:
if the tenant signs the lease contract 1 on December 1, Ralph will not include any income in his current tax year. Security deposits are not considered income. if the tenant signs lease contract 2, Ralph will have to include $5,500 in his income for the current year. if the tenant signs lease contract 3, Ralph will have to include $1500 in his income for the current year. The $1,000 security deposit represents the last two monthly lease payments.