Explanation:
The Preparation of bank reconciliation is shown below:-
The Dean Acting Academy
Bank reconciliation
August 31, 2021
Bank cash balance Amount Company cash balance Amount
Per bank statement $5,902 Per general ledger $7,804
Deposit outstanding $3,198 Service fees ($21)
Checks outstanding ($1,285) Interest earned $32
Bank balance per Company balance per
reconciliation $7,815 reconciliation $7,815
2. The Journal entries are shown below:-
a. Cash Dr, $32
To Interest Revenue $32
(Being note and interest collected by the bank is recorded)
Here we debited the cash as it increased the assets and we credited the interest revenue as it also increased the revenue
b. Service Fee Expense Dr, $21
To Cash $24
(Being bank service fee is recorded)
Here we debited the service fee expenses as it increased the expense and we credited the cash as it decreased the assets Credits to xlvtifax9856 founded on brainly.
Almost ___________________ percent of U.S. banks are FDIC members.
a
50
b
99
c
90
d
75
The United States has a market economy, or free enterprise system.
True of False
Answer:
true
Explanation:
yes United states has market economies
Explanation: The free enterprise system is an economic system in which the government only exhibits partial dominance over market-correlated decisions; communism is an economic system in which the government exhibits full dominance over market-correlated decisions. The U.S.A. acts on the free enterprise system.
I did this assignment. God bless.
Leslie studies how individuals go about purchasing products for their personal consumption and what factors influence these decisions. Leslie studies
Answer:
Leslie studies how individuals go about purchasing products for their personal consumption and what factors influence these decisions. Leslie studies Consumer Buying Behavior.
Leslie does study about how individuals go for buying products for their personal consumption and the factors that influence these decisions. Leslie studies Consumer Buying Behavior.
What is Consumer Buying Behavior?Consumer buying behavior refers to the process that consumers go through when making a purchasing decision. It involves the different stages that a consumer goes through before, during, and after a purchase.
By understanding the factors that influence consumer behavior, marketers can create products and services that meet the needs of consumers, develop effective advertising and promotional campaigns.
When Leslie studies how individuals go buying products for their personal consumption and the factors that influence these decisions. Then Leslie studies Consumer Buying Behavior.
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Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar. Date of Note Face Amount Interest Rate Term of Note a. January 15 $50,000 6 % 30 days b. April 1 27,000 4 90 days c. June 22 30,000 6 45 days d. August 30 90,000 8 120 days e. October 16 72,000 5 50 days
Answer:
Due Date and Interest on Notes
Date of Note Face Interest Term of Due Date Interest
Amount Rate Note
a. January 15 $50,000 6 % 30 days Feb. 14 $250
b. April 1 27,000 4 90 days June 30 $270
c. June 22 30,000 6 45 days Aug. 18 $225
d. August 30 90,000 8 120 days Jan. 27 $2,400
e. October 16 72,000 5 50 days Dec. 21 $500
Explanation:
a) Data and Calculations:
Date of Note Face Interest Term of Due Date Interest
Amount Rate Note
a. January 15 $50,000 6 % 30 days Feb. 14 $250 (50,000*6%*30/360)
b. April 1 27,000 4 90 days June 30 $270 (27,000*4%*90/360)
c. June 22 30,000 6 45 days Aug. 18 $225 (30,000*6%*45/360)
d. August 30 90,000 8 120 days Jan. 27 $2,400 (90,000*8%*120/360)
e. October 16 72,000 5 50 days Dec. 21 $500 (72,000*5%*50/360)
Using the same acquisition date balance sheets as above. Assume instead that Pinehollow acquired 80% of the outstanding stock of Stonebriar by issuing 80,000 shares of its $1 par value stock. The shares have a fair value of $15 per share. Pinehollow also paid $25,000 in direct acquisition costs. What is the amount of goodwill that will be included in the consolidated balance sheet immediately following the acquisition
Answer:
See explanation
Explanation:
There is missing information on this question. I tried to look for it online but I could not find it. However I have provided explanation to solve the problem detailed below :
Goodwill is the excess of the Purchase Consideration / Price over the Net Assets taken over at the acquisition date.
So the first step is to determine the acquisition date fair value of Assets and Liabilities acquired. Do not use Book Values. If given book values, adjust them to fair value.
Net Assets = Assets at Fair Value - Liabilities at Fair Value
The next step is to calculate the Goodwill Amount to be included in Consolidated Statement. Purchased Goodwill is included in Financial Statements.
Goodwill = Purchase Price - Net Assets Acquired
Purchase Price :
Issue of Shares (80,000 x $15) $1,200,000
Acquisition Costs $25,000
Purchase Price $1,225,000
Product Cost Concept of Product Pricing Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 200,000 units of medical tablets are as follows: Variable costs per unit: Fixed costs: Direct materials $ 75 Factory overhead $ 800,000 Direct labor 115 Selling and admin. exp. 1,200,000 Factory overhead 30 Selling and admin. exp. 20 Total $240 Willis Products desires a profit equal to a 20% rate of return on invested assets of $12,000,000. a. Determine the total manufacturing costs for the production and sale of 200,000 units
Answer:
Total production cost= $44,800,000
Explanation:
Giving the following formula:
Direct materials $ 75
Factory overhead $ 800,000
Direct labor 115
Factory overhead 30
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Total production cost= 800,000 + 200,000*(75 + 115 + 30)
Total production cost= $44,800,000
You buy an annuity which will pay you $12,000 a year for ten years. The payments are paid on the first day of each year. What is the value of this annuity today at a 7% discount rate?
Answer:
PV of annuity due = $90,182.8 (Approx.)
Explanation:
Given:
Payment per year = $12,000
Number of year = 10
Interest rate = 7% = 0.07
Find:
PV of annuity due
Computation:
PV of annuity due = P + P[{1-(1+r)⁻⁽ⁿ⁻¹)/r]
PV of annuity due = 12,000 + 12,000[{1-(1+0.07)⁻⁽¹⁰⁻¹)/0.07]
PV of annuity due = $90,182.8 (Approx.)
Finance charges always include which of the following?
a. Mortgage broker fee
b. Title insurance charges
c. Document preparation fees
d. Credit report fee
Answer:
I believe the answer is C: Document Preparation Fees.
McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn a margin of at least 20 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost. Manufacturing overhead for year 1 totaled $645,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following. ChairsDesks Sales revenue$1,046,500 $1,950,000 Direct materials 585,000 810,000 Direct labor 130,000 300,000 Required: a-1. Based on the CFO's new policy, calculate the profit margin for both chairs and desks. a-2. Which of the two products should be dropped
Answer and Explanation:
a. The profit margin for both chairs & decks is
But before that following calculations need to be done
Particulars Chairs Decks
Sales revenue $1,046,500 $1,950,000
Less:
Direct material $585,000 $810,000
Direct labor $130,000 $300,000
overhead $195,000 $450,000
($645,000 × $130,000 ÷ $430,000)
Gross profit $136,500 $390,000
Now the profit margin is
For chairs
= $136,500 ÷ ($585,000 + $130,000 + $195,000)
= 15%
ANd, for decks
= $390,000 ÷ ($810,000 + $300,000 + $450,000)
= 25%
a-2. based on the profit margin, the chairs should be dropped
Cream and Crimson Foods has a target capital structure of calling for 41.00 percent debt, 5.00 percent preferred stock, and 54.00 percent common equity (retained earnings plus common stock). Its before-tax cost of debt is 12.00 percent. The tax rate is 40.00%. Its cost of preferred stock is 12.98%. Its cost of common equity is 13.18%. Find the WACC for Cream and Crimson Foods
Answer:
10.72%
Explanation:
WACC = (weight of equity x cost of equity) + [weight of debt x cost of debt x (1 - tax rate)] +( weight of preferred stock x cost of preferred stock)
debt = 0.41 x 12% x (1 - 0.4) = 2.95%
preferred stock = 0.05 x 12.98% = 0.65%
common equity = 0.54 x 13.18% = 7.12%
WACC = 2.95% + 0.65% + 7.12% = 10.72%
Premium Company produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Premium Company reports the following cost data for the past year:
Budget Actual
Direct labor hours 7,100 hours 6,500 hours
Machine hours 6,800 hours 6,800 hours
Depreciation on sales staff automobiles $23,500 $23,500
Indirect materials $52,000 $54,500
Depreciation on trucks used to deliver uniforms to customers $13,500 $11,000
Depreciation on plant and equipment $64,000 $65,500
Indirect manufacturing labor $39,500 $41,500
Customer service hotline $21,500 $23,000
Plant utilities $900 $1,900
Direct labor cost $71,000 $85,000
-Requirements:
1. Compute the predetermined manufacturing overhead rate.
2. Calculate the allocated manufacturing overhead for the past year.
3. Compute the underallocated or overallocated manufacturing overhead.
4. Prepare the journal entry to close the allocated manufacturing overhead.
Answer:
See below
Explanation:
1. The predetermined manufacturing rates
= Estimated yearly overhead cost / Estimated yearly machine hour
Estimated yearly overhead cost = Budgeted manufacturing overheads - Plant utilities + Indirect materials + Plant depreciation + Indirect labor MFR costs
= $71,000 + $900 + $52,000 + $39,500
= $163,400
Estimated yearly machine hour = 6,800
= $163,400/6,800
= $24.03 per machine hour
2. The allocated manufacturing overhead for the past year
= Actual machine hours × Predetermined machine hours
= 6,800 × $24.03
= $163,404
3. Manufacturing overhead
Actual manufacturing overhead = Actual indirect materials + Actual indirect manufacturing labor + Actual depreciation on plant and equipment + Actual plant utilities
= $54,500 + $41,500 + $65,500 + $1,900
= $163,400
Over applied overhead = Actual manufacturing overhead - Applied manufacturing overhead
= $163,400 - $163,404
Over applied overhead = $4
4. Journal entry
Cost of goods sold Dr $4
...................To Over applied manufacturing overhead Cr $4
(Being over applied overhead to cost of goods sold)
Write a 750-1,000 word paper that includes the following criteria: Describe the top three internal and top three external risks currently threating PHI data within your selected organization. Explain how risk assessments are conducted within the organization. Discuss who conducts these assessments and with what frequency. How do these assessments mitigate the risks you have identified
Answer:
as
Explanation:
ss
describe the difference between real gdp and nominal gdp.
Answer:
Nominal GDP measures a country's gross domestic product using current prices, without adjusting for inflation. Contrast this with real GDP, which measures a country's economic output adjusted for the impact of inflation.
Simon Company's year-end balance sheets follow.
At December 2017 2016 2015
Assets
Cash $25,396 $29,685 $30,922
Accounts receivable, net 89,900 63,000 57,000
Merchandise inventory 100,500 84,000 60,000
Prepaid expenses 8,178 7,792 3,436
Plant assets, net 200,810 190,337 164,142
Total assets $434,784 $374,814 $315,500
Liabilities and Equity
Accounts payable $107,179 $62,710 $41,230
Long-term notes payable secured by mortgages on plant assets
80,922 85,345 69,028
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 84,183 64,259 42,742
Total liabilities and equity $434,784 $374,814 $315,500
The company's income statements for the years ended December 31, 2017 and 2016, follow. Assume that all sales are on credit:
For Year Ended December 31 2017 2016
Sales $565,219 $446,029
Cost of goods sold $344,784 $289,919
Other operating expenses 175,218 112,845
Interest expense 9,609 10,259
Income taxes 7,348 6,690
Total costs and expenses 536,959 419,713
Net income $28,260 $26,316
Earnings per share $1.74 $1.62
Compute days' sales uncollected.
Answer:
2017 Days' Sales Uncollected 49.37 days
2016 Days' Sales Uncollected 49.10 days
Explanation:
Computation for days' sales uncollected
Using this formula
Days' Sales Uncollected=Average receivables / Credit sales x 365 days
Let plug in the formula
2017 Days' Sales Uncollected= $76,450 / $565,219 x 365
2017 Days' Sales Uncollected= 49.37 days
[($89,900+$63,000)/2=$76,450]
2016 Days' Sales Uncollected= $60,000 / $446,029 x 365 days
2016 Days' Sales Uncollected= 49.10 days
[($63,000+$57,000)/2=$60,000]
Therefore 2017 Days' Sales Uncollected will be 49.37 days and 2016 Days' Sales Uncollected will be 49.10 days
Simon Company's year-end balance sheets follow. At December 2017 2016 2015 Assets. To compute the days' sales uncollected, we need to calculate the average accounts receivable and divide it by the average daily sales.
Average Accounts Receivable:
2017:
(Beginning Accounts Receivable + Ending Accounts Receivable) / 2
= ($63,000 + $89,900) / 2
= $76,450
2016:
(Beginning Accounts Receivable + Ending Accounts Receivable) / 2
= ($57,000 + $63,000) / 2
= $60,000
Average Daily Sales:
2017: Net Sales / 365
= $565,219 / 365
= $1,547.15
2016: Net Sales / 365
= $446,029 / 365
= $1,221.53
Days Sales Uncollected:
2017: Average Accounts Receivable / Average Daily Sales
= $76,450 / $1,547.15
= 49.48 days
2016: Average Accounts Receivable / Average Daily Sales
= $60,000 / $1,221.53
= 49.12 days
Therefore, the days sales uncollected for Simon Company are approximately 49.48 days in 2017 and 49.12 days in 2016.
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e the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $34,006 Accounts receivable 73,344 Accrued liabilities 6,760 Cash 17,227 Intangible assets 43,450 Inventory 88,373 Long-term investments 92,820 Long-term liabilities 79,618 Notes payable (short-term) 28,798 Property, plant, and equipment 675,759 Prepaid expenses 1,646 Temporary investments 34,230 Based on the data for Harding Company, what is the amount of quick assets?
Answer:
The amount of quick assets is $126,447.
Explanation:
Quick assets can be described as the most highly liquid assets of a company.
The amount of quick assets can be calculated for Harding Company as follows:
Amount of quick assets = Accounts receivable + Cash + Prepaid expenses + Temporary investments = $73,344 + $17,227 + $1,646 + $34,230 = $214,820 = $126,447
The management of California Corporation is considering the purchase of a new machine costing $400,000. The company's desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909, 0.826, 0.751, 0.683, and 0.621, respectively. In addition to the foregoing information, use the following data in determining the acceptability in this situation:
Year Income from Operations Net Cash Flow
1 $100,000 $180,000
2 40,000 120,000
3 20,000 100,000
4 10,000 90,000
5 10,000 90,000
The present value index for this investment is: ________-
a. .88
b. 1.45
c. 1.14
d. 0.70
Answer:
c. 1.14
Explanation:
Year Cash Flow PV Factor 10% PV of Cash flows
($) ($)
Year 1 180,000 0.909 163,620
Year 2 120,000 0.826 99,120
Year 3 100,000 0.751 75,100
Year 4 90,000 0.683 61,470
Year 5 90,000 0.621 55,890
Total = 455,200
Initial cash outflow = $400,000
Cash inflow = $455,200
So, we can calculate the present value index by using following formula,
Present value index = Cash inflow ÷ Cash outflow
= $455,200 ÷ $400,000
= 1.14
Problem solving and critical thinking are ______ because they use logic and reasoning to develop and evaluate options
Wally, Inc. issued 500 shares of $10 par preferred stock at $83 a share. Each share had a warrant attached that allowed the holder to purchase one share of $5 par common stock for $15. Soon after the preferred stock was issued, the preferred stock was selling ex-rights for $64 a share, and the warrants were selling for $16 each. The entry to record the issuance of the preferred stock would include a
Answer: credit to Additional Paid -in Capital on Preferred Stock for $28,200
Explanation:
The journal entry will be:
Debit: Cash = $500 × 83 = $41500
Credit: Preferred stock = $5000
Credit: Additional paid in capital on preferred stock = $28200
Credit: Paid in capital - Common stock warrants = $8300
Note that Additional paid in capital on preferred stock was calculated as:
Amount allocated to preferred stock = (64/64+16) × 41500 = 33200
Less: Preferred stock face value = $500 × $10 = $5000
Additional paid in capital on preferred stock = $28200
Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at retail. Net markups were $10,000, net markdowns were $7,000, and sales revenue was $147,000. Compute ending inventory at cost using the conventional retail method.
Answer:
Ending inventory at cost $30,360
Explanation:
The computation of the ending inventory at cost using conventional retail method is shown below:
Particulars Cost Retail Cost to retail ratio
beginning inventory $12,000 $20,000
Add: purchase $120,000 $170,000
Add:Net markups $10,000
Less: net markdown -$7,000
Goods available for sale $132,000 $193,000
Cost to retail percentage 66% ($132,000 ÷ $200,000)
Less: net sales $147,000
Estimated ending inventory at retail $46,000
Ending inventory at cost $30,360
($46,000 ×0.66)
The Crane Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do so, Crane has decided to locate a new factory in the Panama City area. Crane will either buy or lease a site depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three very similar buildings that will meet their needs.
Building A: Purchase for a cash price of $617,800, useful life 26 years.
Building B: Lease for 26 years with annual lease payments of $71,870 being made at the beginning of the year.
Building C: Purchase for $650,400 cash. This building is larger than needed; however, the excess space can be sublet for 26 years at a net annual rental of $6,980. Rental payments will be received at the end of each year. The Crane Inc. has no aversion to being a landlord.
Required:
In which building would you recommend that The Nash Inc. locate, assuming a 12% cost of funds?
Answer:
building b
Explanation:
Nash would buy the cheapest building
The present value of building 2 and 3 has to be determined
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Building b
cash flow each year from year 1 to 26 = $-71,870
I = 12%
PV = . 567461.08
Building c
Cash flow in year 0 = $-650,400
cash flow each year from year 1 to 26 = $6,980
I = 12%
Pv = 595288.29
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
building b is the cheapest
On January 1, 2022, The Eighties Shop has 100,000 shares of common stock outstanding. The Eighties Shop incurred the following transactions in 2022.
March 1 Issues 53,000 additional shares of $1 par value common stock for $50 per share.
May 10 Purchases 4,800 shares of treasury stock for $53 per share.
June 1 Declares a cash dividend of $1.40 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 2,400 shares of treasury stock purchased on May 10 for $58 per share.
Required:
Record each of these transactions.
Answer:
Date General Journal Debit Credit
March 1 Bank A/c $2,650,000
(53,000 × $50)
Share Capital A/c $53,000
(53,000 × $1)
Share Premium A/c $2,597,000
[53,000 × $49 ($50 - $1)}
(Being additional 53,000 issued shares for $50)
May 10 Treasury Stock A/c $254,400
(4,800 × $53)
Cash A/c (4,800 × $53) $254,400
(Being purchase of 4,800 treasury stock for $53 )
June 1 Retained Earning A/c $207,480
(1,53,000- 4,800) × $1.4
Dividend Payable A/c $207,480
[(153,000 - 4,800) × $1.4]
(Being cash dividend declared)
July 1 Dividend Payable A/c $207,480
Cash A/c $207,480
(Being cash dividend paid)
October 21 Cash A/c (2,400 × $58) $139,200
Treasury Stock (2,400 × $53) $127,200
Paid in Capital from treasury Stock $12,000
(2400 × $5)
(Being 2,400 Treasury Stock sold for $58)
The Eighties Shop will record the journal entries for the 2022 transactions as follows:
Journal Entries:
March 1 Debit Cash $2,650,000
Credit Common Stock $53,000
Credit Additional Paid-in Capital $2,597,000
To record the issuance of 53,000 shares at $50 per share.May 10 Debit Treasury Stock $4,800
Debit Additional Paid-in Capital $249,600
Credit Cash $254,400
To record the purchase of 4,800 shares of treasury stock at $53 per share.June 1 Debit Dividend $207,480
Credit Dividends Payable $207,480
To record the declaration of cash dividends on 148,200 shares at $1.40 per share.July 1 Debit Dividends Payable $207,480
Credit Cash $207,480
To record the payment of dividends.Oct. 21 Debit Cash $139,200
Credit Treasury Stock $2,400
Credit Additional Paid-in Capital $136,800
To record the resale of 2,400 shares of treasury stock at $58 per share.Data and Calculations:
Outstanding Common Stock = 100,000 shares
March 1 Cash $2,650,000 Common Stock $53,000 Additional Paid-in Capital $2,597,000
May 10 Treasury Stock $4,800 Additional Paid-in Capital $249,600 Cash $254,400
June 1 Dividend $207,480 Dividends Payable $207,480 (148,200 x $1.40)
July 1 Dividends Payable $207,480 Cash $207,480
Oct. 21 Cash $139,200 Treasury Stock $2,400 Additional Paid-in Capital $136,800
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Which of the following is an example of a Specialty store? a. Big Lots c. Macy’s b. Wal-Mart d. PetSmart
Answer:
PetSmart is an example of a speciality store.
Explanation:
It sells stuff only related to pets, unlike the other stores mentioned.
[tex] \huge \boxed{\mathfrak{Question} \downarrow}[/tex]
Which of the following is an example of a Specialty store?
a. Big Lots
b. Macy’s
c. Wal-Mart
d. PetSmart
[tex] \large \boxed{\mathfrak{Answer \: with \: Explanation} \downarrow}[/tex]
A speciality store is a store that specialises in the selling of a particular good.Among the given options, b. Macy's would be the most apt one because Macy's is a store that specialises in selling fashion products (dresses & accessories) unlike the others which sell a wide variety of items.Rina's Performance Pizza is a small restaurant in Dallas that sells gluten-free pizzas. Rina's very tiny kitchen has barely enough room for the three ovens in which her workers bake the pizzas. Rina signed a lease obligating her to pay the rent for the three ovens for the next year. Because of this, and because Rina's kitchen cannot fit more than three ovens, Rina cannot change the number of ovens she uses in her production of pizzas in the short run.
However, Rina's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Rina lets them know how many workers she needs for each day of the week. In the short run, these workers are.............. inputs, and the ovens are ....................inputs.
Answer: variable input; fixed input
Explanation:
Based on the information given, in the short run, these workers are variable inputs, and the ovens are the fixed inputs.
Fixed inputs are the inputs that can't be easily changed that's increased or reduced in the short run while variable inputs can be increased or reduced easily.
Since Rina cannot change the number of ovens she uses in her production of pizzas in the short run, they're fixed input. The workers are variable input.
some jobs offer retirement benefits that you should also consider , along salary and working benefits when deciding on a career path.
Answer:
CAN U ANSWER MY Question
Mass Company is investing in a giant crane. It is expected to cost $6 million in initial investment, and it is expected to generate an end-of-year cash flow of $3 million each year for three years. At the end of the fourth year, there will be a $1 million disposal cost. Calculate the MIRR for the project if the cost of capital is 12 percent.
Answer:
17.8%
Explanation:
the formular for MIRR
= [tex]\frac{FVcashinflow}{PVcashoutflow } ^{1/n} -1[/tex]
we solve for the future value =
3(1+0.12)³ + 3(1+0.12)² + 3(1+0.12) =
4.2147 + 3.7632 + 3.36
= 11.3379
we also calculate present value
= [tex]6-[\frac{1}{1+0.12}] ^{4}[/tex]
= 6-0.6355
= 5.3645 million
MIRR = [tex][\frac{11.3379}{5.3645}] ^{1/4}[/tex]-1
= 0.178
= 17.8%
Karen and Anika, the owners of a new personal assistant firm called Assist You 2, are interested in offering their services in a community filled with other start-up firms and local shops. Now that they have completed the segmentation and targeting processes, to ensure that they are best positioning their service within this community, they must next Multiple Choice evaluate feedback from their customers. identify their target market. understand the position of their competitors. identify their market segment.
Answer:
understand the position of their competitors.
Explanation:
For a business to strive in an environment where competitors are also operating it is very important to have a good understanding of position of competitors in the market place.
In the given scenario there are other other start-up firms and local shops operating in the same community.
The business has completed the segmentation and targeting processes, to ensure that they are best positioning their service within this community.
Next they will have to understand the competition's aims, strategies, and strengths in order to adequately counteract them.
If government expenditure rises by $27.5 billion and the multiplier in the economy is 2.5, then: ___________
a. real GDP falls by $55 billion, and the IS curve shifts to the left.
b. real GDP rises by $27.5 billion, and the IS curve shifts to the right.
c. real GDP rises by $68.75 billion, and the IS curve shifts to the right.
d. real GDP falls by $11 billion, but the IS curve does not shift.
Answer:
c. real GDP rises by $68.75 billion, and the IS curve shifts to the right.
Explanation:
An increase in the government expenditure will result in the rise of real GDP. This will result in the IS curve to shift to the right. However, in the case of multiplier effect, this occurrence causes a bigger increase in the national income due to the initial injection into the economy.
Therefore, the rise in government expenditure by $27.5 billion will cause real GDP to rise. Ultimately options A and D are eliminated as they mention fall in GDP.
Moreover, since the multiplier in the economy is 2.5, this will increase the government expenditure to $68.75 billion (27.5 billion x 2.5). Hence, option C is correct.
On January 1, 2021, Carla Vista Co. has the following balances:
Projected benefit obligation $3650000
Fair value of plan assets 3550000
The settlement rate is 10%. Other data related to the pension plan for 2021 are:
Service cost $330000
Amortization of prior service costs 82000
Contributions 555000
Benefits paid 250000
Actual return on plan assets 340000
Amortization of net gain 20000
The fair value of plan assets at December 31, 2021 is:_____.
a. $3990000.
b. $4195000.
c. $3650000.
d. $3927000.
Answer:
b. $4195000
Explanation:
Calculation to determine what The fair value of plan assets at December 31, 2021 is:
Fair value of plan assets $3,550,000
Add Actual return on plan assets $340,000
Add Contributions $555,000
Less Benefits paid ($250,000)
Fair value of plan assets at December 31, 2021 $4,195,000
($3,550,000+$340,000+$555,000-$250,000)
Therefore The fair value of plan assets at December 31, 2021 is:$4195000
The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available:MonthlyFixed Cost Variable CostPer Deb SoldSales commissions $ 0.97Shipping $ 1.47Advertising $ 50,700 $ 0.27Executive salaries $ 60,700Depreciation on office equipment $ 20,700Other $ 40,700All of these expenses (except depreciation) are paid in cash in the month they are incurred.If the company has budgeted to sell 15,700 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:
Answer:
the total budgeted fixed selling and administrative expenses for February is $172,800
Explanation:
The computation of the total budgeted fixed selling and administrative expenses for February is shown below:
= Advertising + Executive salaries + Depreciation on office equipment + Other
= $50,700 + $60,700 + $20,700 + $40,700
= $172,800
hence, the total budgeted fixed selling and administrative expenses for February is $172,800
ABC reports income tax expense of $800,000. Income tax payable at the beginning and end of the year are $50,000 and $70,000, respectively. What is the amount of cash paid for income taxes
Answer: $780,000
Explanation:
Income taxes paid for the year are:
Cash paid for income taxes = Beginning income tax payable + Income tax expense - Ending income tax payable
= 50,000 + 800,000 - 70,000
= $780,000