Answer: televisión
Explanation:
Answer:
huge printing press
Explanation:
"Industrial revolution-era" lets out television, computers, and cell-phones--all of which became generally available after 1950.
The "huge printing press" made large circulation of newspapers possible.
Texas Foods has a loan that requires one lump sum payment at the end of 12 years in the amount of $139,000. The interest rate is 5.8 percent, compounded monthly. What amount did the firm borrow
Answer:
Amount borrowed = $69,418.30
Explanation:
The amount borrowed by Texas Foods would be the present value of the $139,000 payable at the the ed of year 12 with a discount rate of 5.8% computed monthly
PV = A× (1+ r/m)^(-m×n)
P= Amount borrowed-?
A= Lump sum payment- 139,000
r- interest rate- 5,8%
m- number of times compounding is done- 12
r/m= 5.8%/12=0.483%
PV - 139,000 × (1+0.004833)^(-12× 12)=69,418.30
Amount borrowed = $69,418.30
A multinational automobile manufacturer issues a public statement that the company's vehicle emissions tests had been falsified to meet environmental compliance standards over recent years using software specifically designed for that purpose. Following the news, the CEO is replaced, vehicle sales plummet, and the company's stock price sharply declines. Which of the following has the company incurred?
a) visible but not intangible costs
b) only visible and internal administrative costs a
c) internal administrative costs but not visible costs
d) internal administrative costs but not intangible costs
e) visible and intangible costs
Answer:
a) visible but not intangible costs
Explanation:
Based on the information provided within the question regarding the scenario it can be said that the company incurred visible and intangible costs. They have incurred intangible costs because their reputation and credibility was badly damaged due to the public statement, while they also suffered visible costs due to the sharp drop in customers and share prices.
According to Ryan Grey Smith—the owner of Modern Shed—for the first five years, the big goal for his company is to: a.diversify operations. b.have more employees. c.start a subsidiary company. d.be more accessible to people.
Answer: d.be more accessible to people.
Explanation:
Ryan Grey Smith and his wife, Ahna Holder founded Modern Shed in 2005 after recognising business potential when a client decided that getting a prefabricated shed instead of a house extension was cheaper.
According to Mr. Smith, the big goal the company came up with was to be as accessible to people as possible by being flexible enough to adapt to whatever requirements that people had of them so that they could build on that and maximise their output.
An account credits interest at an effective rate of 4% for years 1-3, 5% for years 4-6, and 6% for years 7-9. Deposits of $1,000 are made into the account at the end of each year for 9 years. Calculate the accumulated value of the deposits at the end of 9 years.
Answer:
The accumulated value of the deposits at the end of 9 years is $11,242.18
Explanation:
Note: Find attached the excel file for the calculation.
Since the deposits are made into the account at the end of each year, interest will be earned on the opening balance for each year since it remains the account for 12 months.
No interest will be earned on the deposit of $1,000 made at the end of each year.
The opening balance, interest earned and the deposit for each year are then added together to obtain the closing balance for each year.
Since the closing balance for year 9 is $11,242.18, this is therefore the accumulated value of the deposits at the end of 9 years.
Duval Co. issues four-year bonds with a $117,000 par value on January 1, 2019, at a price of $112,870. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31.
Requried:
Prepare an amortization table for these bonds. Use the straight-line method of interest amortization.
Answer and Explanation:
The preparation of the amortization table is presented below:
Semiannual Discount Unamortized Discount Carrying Value
Period-End amortized
1/1/19 $4,130 $ 112,870
($117,000 - $112,870)
6/30/19 $3,613.75 $113,386.25
($4,130 - $4,130 ÷ 8 years) ($112,870 + $516,25)
12/31/19 $3,097.50 $113,902.50
($3,613 - $4,130 ÷ 8 years) ($112,.870 + $516,25)
6/30/20 $2,581.25 $114,418.75
($3,097.50 - $4,130 ÷ 8 years) ($113,902 + $516.25)
12/31/20 $2,065.00 $114,935.00
($2,581.25 - $4,130 ÷ 8 years)
6/30/21 $1,548.75 $115,451.25
($2,065 - $4,130 ÷ 8 years)
12/31/21 $1,032.50 $115,967.50
($1,548.75 - $4,130 ÷ 8 years)
6/30/22 $516.25 $116,483.75
($1,032.50 - $4,130 ÷ 8 years)
12/31/22 $- $ 117,000.00
($516.25 - $4,130 ÷ 8 years)
The same method is applicable for other time period
Beginning inventory $ 32,000 Inventory purchases (on account) 162,000 Freight charges on purchases (paid in cash) 17,000 Inventory returned to suppliers (for credit) 19,000 Ending inventory 37,000 Sales (on account) 257,000 Cost of inventory sold 155,000 Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated.
Answer:
When Inventory is purchased on account
Merchandise Inventory $162,000 (debit)
Accounts Payable $162,000 (credit)
When freight charges are paid in cash
Freight Charges $17,000 (debit)
Cash $17,000 (credit)
When Inventory is returned to suppliers
Accounts Payable $19,000 (debit)
Merchandise Inventory $19,000 (credit)
When inventory is sold on account
Account Receivables $257,000 (debit)
Cost of Sales $155,000 (debit)
Sales Revenue $257,000 (credit)
Merchandise Inventory $155,000 (credit)
Explanation:
When Inventory is purchased on account
Recognize the assets of Inventory as well as the liability for Suppliers owed
When freight charges are paid in cash
Recognize the freight expenses and de-recognize assets of cash
When Inventory is returned to suppliers
De-recognize the liability of suppliers owed as well as inventory returned
When inventory is sold on account
Recognize the revenue and cost resulting from sale.
What constant annual cash payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $2,500
Answer:
$162.5
Explanation:
Amount of perpetuity = Annual Payment / Return earned
We need to solve for Annual payment
Hence, Annual payment = Amount of Perpetuity * Return earned
=$2,500 * 6.5 %
=$162.5
The annual cash payment that you must receive is $162.5
Jenni's Diner has expected net annual cash flows of $16,200, $18,600, $19,100, and $19,500 for the next four years, respectively. At the end of the fourth year, the diner is expected to be worth $57,900 cash. What is the present value of the diner at a discount rate of 11.6 percent
Answer:
Present value=$93,090.25
Explanation:
The worth of the dinner is the sum of the present value of the individual annual cash flows and the its value at the end of year 4.
Present Value = Cash flow× (1+r)^(-n)
r- discount rate , n- number of year
Present value = 16,200 × 1.116^(-1) + 18,600 ×1.116^(-2) + 19,100 × 1.116^(-3) + 19,500 × 1.116^(-4) + 57,900× 1.116^(-4)
Present value= 93,090.248
Present value=$93,090.25
Tracy Company, a manufacturer of air conditioners, sold 100 units to Thomas Company on November 17, 2016. The units have a list price of $600 each, but Thomas was given a 30% trade discount. The terms of the sale were 2/10, n/30.1. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2016, assuming that the gross method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)2. Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2016, assuming that the gross method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)3.1 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2016, assuming that the net method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)3.2 Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 15, 2016, assuming that the net method of accounting for cash discounts is used. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
1)
November 17, 100 units sold to Thomas Company on account, credit terms 2/1, n/30
Dr Accounts receivable 42,000
Cr Sales revenue 42,000
November 26, invoice collected from Thomas Company
Dr Cash 41,160
Dr Sales discounts 840
Cr Accounts receivable 42,000
2)
November 17, 100 units sold to Thomas Company on account, credit terms 2/1, n/30
Dr Accounts receivable 42,000
Cr Sales revenue 42,000
December 15, invoice collected from Thomas Company
Dr Cash 42,000
Cr Accounts receivable 42,000
3)
November 17, 100 units sold to Thomas Company on account, credit terms 2/1, n/30
Dr Accounts receivable 41,160
Cr Sales revenue 41,160
November 26, invoice collected from Thomas Company
Dr Cash 41,160
Cr Accounts receivable 41,160
4)
November 17, 100 units sold to Thomas Company on account, credit terms 2/1, n/30
Dr Accounts receivable 41,160
Cr Sales revenue 41,160
December 15, 2016, invoice collected from Thomas Company
Dr Accounts receivable 840
Cr Sales discounts forfeited 840
Dr Cash 42,000
Cr Accounts receivable 42,000
Given a pay range with a minimum of $16 per hour and a maximum of $20 per hour (with a midpoint of $18 per hour), what is the compa-ratio for an employee who earns $19/hour
Answer:
106%
Explanation:
Computation compa-ratio for an employee who earns $19/hour
Using this formula
Compa-ratio= Rate/Midpoint
Where,
Rate is the employees pay rate
Midpoint is the midpoint of the target market rate
Let plug in the formula
Compa-ratio=$19/$18
Compa-ratio=106%
Therefore the compa-ratio for an employee who earns $19/hour will be $106%
A company produces fruit juice in five different flavors (Mango,Guava,Apple,Grape and Tropical). A local supermarket sells the product ,but only has sufficient space to display two of the company’s five fruit juice flavors at a time . What is the probability that the three flavors displayed are Guava apple and Grape ? In that order
Answer:
3 ÷ 5
Explanation:
Data provided in the question according to the question is as follows
There are five different flavors like Mango, Guava, Apple, Grape, and Tropical = 5
And, the three flavors i.e Guava, apple and the Grape = 3
So, the probability of the above three flavors is three flavors and the five flavors relation i.e shown below
= 3 ÷ 5
Hence, the answer is 3 ÷ 5
Virginia owns 100% of Goshawk Company. In the current year, Goshawk Company sells a capital asset (held for three years) at a loss of $40,000. In addition, Goshawk has a short-term capital gain of $18,000 and net operating income of $90,000 during the year. Virginia has no recognized capital gain (or loss) before considering her ownership in Goshawk.
Complete each lettered item below, outlining how much of the capital loss may be deducted for the year and how much is carried back or forward.
a. If Goshawk is a proprietorship, only $ _________ long-term capital loss can be deducted in the current year. The remaining $ ___________net capital loss is carried ___________ and then ____________Correct 3 of Item 1.
b. If Goshawk is a C corporation, only $ __________long-term capital loss can be deducted in the current year. The remaining $ ___________ net capital loss is carried ______________ and then _____________ of Item 2.
Answer:
a) If Goshawk is a proprietorship, only $21000 long-term capital loss can be deducted in the current year. The remaining $19000 net capital loss is carried forward and then carried back
b) If Goshawk is a C corporation, only $ 18000 long-term capital loss can be deducted in the current year. The remaining $22000 net capital loss is carried back and then forward of Item 2.
Explanation:
The gain or loss on the sale of a property is said to be the difference between between the realized value of goods and its adjusted basis. When there is a gain the realized value would be greater than the adjusted basis, while when there's loss the realized value would be less than the adjusted basis.
A) In this case, if Goshawk is a proprietorship, only $21,000 of the $40,000 long-term capital loss can be deducted in the current year. The loss will offset the short-term capital gain of $18,000 first; then, an additional $3,000 of the loss may be utilized as a deduction against ordinary income. The remaining $19,000 net capital loss is carried forward to next year and years thereafter until completely deducted. The capital loss carryover retains its character as long term.
B) If Goshawk is a C corporation, $18,000 short term capital gain can be set off for long term capital loss. Then the remaining $22,000($40,000 - $18,000) will be carried backwards
While Jon is walking to school one morning, a helicopter flying overhead drops a $100 bill. Not knowing how to return it, Jon keeps the money and deposits it in his bank. (No one in this economy holds currency.) If the bank keeps 5 percent of its money in reserves:
Answer and Explanation:
The computation is shown below:
a. The lending amount is
= $100 - $100 × 5%
= $100 - $5
= $95
b. The money in case of the change in the economy is
= Bill amount + lending amount
= $100 + $95
= $195
c. The money mutiplier is
= 1 ÷ required reserve ratio
= 1 ÷ 0.05
= 20
d. The money created is
= bill amount × money multiplier
= $100 × 20
= $2,000
The Don't Tread on Me Tire Company had Retained Earnings at December 31, 2015 of $200,000. During 2016, the company had revenues of $400,000 and expenses of $350,000, and the company declared and paid dividends of $11,000. Retained earnings on the balance sheet as of December 31, 2016 will be:
Answer:
$239,000
Explanation:
The computation of the ending retained earning balance is shown below:
As we know that
Ending retained earnings = beginning retained earnings + net income - dividend paid
where,
Net income is
= Revenues - expenses
= $400,000 - $350,000
= $50,000
And, the other items values would remain the same
So, the ending balance is
= $200,000 + $50,000 - $11,000
= $239,000
Assume there is a fixed exchange rate between the Euro and U.S. dollar. The expected return and standard deviation of return on the U.S. stock market are 16% and 13%, respectively. The expected return and standard deviation on the DAX stock market are 11% and 18%, respectively. The covariance of returns between the U.S. and German stock market is 1.5%. If you invested 50% of your money in the German (DAX) stock market and 50% in the U.S. stock market, the expected return on your portfolio would be
Answer:
13.50%
Explanation:
From the given information ; we use EXCEL to compute the Dataset given and use it to determine the expected return on what the stock portfolio would be.
Check the attached file below for the solution in Excel Sheet.
QUCIK!! How do you merge an excel sheet with a word document??
Explanation:
Instead of a mail merge from Excel to Word, you can simply copy and paste the excel sheet from excel to word directly, the worse case is to do some small editing and formatting, or you can decide to keep source formatting all this are prompt you will get to encounter when performing the operation
Gates Appliances has a return-on-assets (investment) ratio of 13 percent. a. If the debt-to-total-assets ratio is 25 percent, what is the return on equity? (Input your answer as a percent rounded to 2 decimal places.) b. If the firm had no debt, what would the return-on-equity ratio be? (Input your answer as a percent rounded to 2 decimal places.)
Answer:
a. Return on Equity refers to how much income the company earned per dollar of investment. One formula for the Return on Equity is;
Return on Equity = Return on Assets * [tex]\frac{Total Assets}{ 1 - ( Debt/Assets)}[/tex]
Assuming assets are $1 this can be calculated by;
= 13% * [tex]\frac{1}{1 - 0.25}[/tex]
= 17.33%
b. If there is no debt then the Return on Investment will be the same as the return on Equity. However, proving it with the formula gives;
Return on Equity = Return on Assets * [tex]\frac{Total Assets}{ 1 - ( Debt/Assets)}[/tex]
= 13% * [tex]\frac{1}{1 -0}[/tex]
= 13%
Here are the comparative income statements of Ivanhoe Corporation. IVANHOE CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $624,100 $523,300 Cost of goods sold 462,100 405,800 Gross Profit 162,000 117,500 Operating expenses 72,300 44,300 Net income $ 89,700 $ 73,200 (a) Prepare a horizontal analysis of the income statement data for Ivanhoe Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.)
Answer:
2022 2021 Change % Change
Net sales 624,100 523,300 100,800 19.23%
Cost of goods sold 462,100 405,800 56,300 13.87%
Gross profit 162,000 117,500 44,500 37.87%
Operating exp. 72,300 44,300 28,000 63.21%
Net Income 89,700 73,200 16,500 22.54%
Since we are using the 2021 income statement as base year, any change will be calculated by dividing the total change by the 2021 amount, and then multiply by 100 to get the %.
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,500 Cost of goods sold 7,700 Depreciation 445 Earnings before interest and taxes $ 1,355 Interest paid 90 Taxable income $ 1,265 Taxes 443 Net income $ 822 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 230 $ 265 Accounts payable $ 1,460 $ 1,580 Accounts rec. 1,010 910 Long-term debt 1,020 1,345 Inventory 1,680 1,670 Common stock 3,260 2,980 Total $ 2,920 $ 2,845 Retained earnings 600 850 Net fixed assets 3,420 3,910 Total assets $ 6,340 $ 6,755 Total liab. & equity $ 6,340 $ 6,755 What is the return on equity for 2017?
Answer:
The return on equity for 2017 is 21.46 %
Explanation:
Return on equity measures the return earned on the owners investment in the company.
Return on equity = Net Income for the year / Total Shareholders Funds × 100
= $822 / ( $2,980 + $850) × 100
= 21.4621 or 21.46 %
Note : That Retained earning is part of Owners Investment.
Conclusion :
The return on equity for 2017 is 21.46 %
When the price of butter was "low," consumers spent $5 billion annually on its consumption. When the price doubled, consumer expenditures increased to $7 billion. Recently you read that this means that the demand curve for butter is upward sloping (i.e., price and quantity demanded are directly related, as price increases, quantity demanded also increases). Do you agree? Explain.
Answer:
The correct answer is: No, this situation is impossible.
Explanation:
To begin with, in the reality the situation with the demand curve is all the opposite. The law of demand establishes that there is an indirect relationship between the price of a product and its quantity demanded in the market, therefore that when the price of a good increases then its quantity demanded decreases. And it is by logic as well, because no one will buy more of something if the products is more expensive than it was before. Therefore that the situation in the text is impossible and it could only be opposite.
A $1000 par value bond with 5 years to maturity and a 6% coupon has a yield to maturity of 8%. Interest is paid semiannually. Calculate the current price of the bond. Group of answer choices $1579.46 $918.89 $789.29 $1000.00 $743.29
Answer:
$918.89
Explanation:
For computing the current price of the bond we need to apply the present value formula i.e to be shown in the attachment
Given that,
Future value = $1,000
Rate of interest = 8% ÷ 2 = 4%
NPER = 5 years × 2 = 10 years
PMT = $1,000 × 6% ÷ 2 = $30
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the current price of the bond is $918.89
V\\\To record a sales transaction, use: Multiple Choice Create Invoices > Receive Payment > Make Deposits Create Purchase Order > Receive Payment > Make Deposit Receive Payment > Create Sales Receipts > Make Deposits Create Invoices > Create Sales Receipts > Make Deposits
Answer:
Create Invoices > Receive Payment > Make Deposits
Explanation:
A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.
After successfully initiating, processing and execution of a sales transaction, the following are important to consider.
To record a sales transaction, use:
1. Create Invoices: a sales invoice is defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.
2. Receive Payment: after filling out the sales invoice, the cashier is expected to receive cash or any other form of payment made available to the customer as a medium of payment. At this stage, the cashier or sales representative should ensure the payment is confirmed to be complete and we'll received.
3. Make Deposits: the cashier then goes ahead to record the sales transaction in balance sheet of the organization, after the customer has successfully paid for the service being provided or received.
In a nutshell, for a number of sales the above mentioned steps should be followed by sales persons or cashiers judiciously after all transactions are done.
Your company is evaluating four locations in Asia for its new customer center; according to the information provided in the table and using a rating system of 1 (least desirable) to 100 (most desirable), evaluate each factor.Factor Weight Rating Scale (1-100) A B C DMarket Size 0.5 95 60 50 35Future demand 0.3 90 70 50 35Legal system 0.2 80 80 70 60Tariffs 0.1 70 80 40 40Using only the results of a multi-criteria analysis, which location should you recommend?A. Country CB. Country AC. Country A and Country CD. Country DE. Country BYour company wants to take advantage of the growing Asian market and plans to build a manufacturing facility in the southeast region to support the expansion. Management identified a set of critical factors to evaluate the prospective location, as shown in the table below; they used a rating system of 1 (least desirable) to 100 (most desirable) to evaluate each factor.Factor Weight Rating Scale (1-100) Taiwan Thailand SingaporeTechnology 0.15 85 95 40Level of Education 0.15 85 20 95Economic aspects 0.20 70 65 75Social aspects 0.10 85 50 85Political risk 0.40 30 70 70First, identify which location you would recommend based on the current scores shown in the table.If political unrest broke out in Thailand, lowering the political risk score for that location to 30, would this change your original conclusion? Indicate your original and updated recommendation, respectively, based exclusively on the multi-criteria scores.A. Thailand and TaiwanB. Taiwan and TaiwanC. Thailand and SingaporeD. Singapore and ThailandE. Singapore and Singapore
Answer:
1. B. Country A
2. E. Singapore and Singapore
Explanation:
1. Country A
= (0.5 * 95) + (0.3 * 90) + ( 0.2 * 80) + (0.1 + 70)
= 45 + 27 + 16 + 7
= 95
Country B
= (0.5 * 60) + (0.3 * 70) + ( 0.2 * 80) + (0.1 + 80)
= 30 + 21 + 16 + 8
= 75
Country C
= (0.5 * 50) + (0.3 * 50) + ( 0.2 * 70) + (0.1 + 40)
= 25 + 15 + 14 + 4
= 58
Country D
= (0.5 * 35) + (0.3 * 35) + ( 0.2 * 60) + (0.1 + 40)
=17.5 + 10.5 + 12 + 4
= 44
2.
Taiwan
= (0.15*85 + 0.15*85 + 0.2*70 + 0.1*85 + 0.4*30)
= (12.75 + 12.75 + 14 + 8.5 + 12)
= 60
Thailand
= (0.15*95 + 0.15*20 + 0.2*65 + 0.1*50 + 0.4*70)
= (14.25 + 3 + 13 + 5 + 28)
= 63.25
Singapore
= (0.15*40 + 0.15*95 + 0.2*75 + 0.1*85 + 0.4*70)
= (6 + 14.25 + 15 + 8.5 + 28)
= 71.75
First Recommendation - Singapore
Thailand political risk falls to 30.
= (0.15*95 + 0.15*20 + 0.2*65 + 0.1*50 + 0.4*30)
= (14.25 + 3 + 13 + 5 + 12)
= 47.25
Second Recommendation - Singapore
Old process New process
Output per hour 100 125
Labor cost per 8 hour shift 240 160
Capital cost per 8 hour shift 640 1000
With the expansion, they have the opportunity to either use their current equipment or to invest in new technology. Based on the multi-factor productivity, which is the best option?
A. Use the new process.
B. They both are equally good.
C. Use the old process.
Answer:
C. Use the old process.
Explanation:
Multi-factor productivity is nothing but the measure that gives clear picture about the overall efficiency based on the labor and capital inputs used in the production process.
Total cost = Labour cost + Capital cost
Total cost = $240 + $640
Total cost (old) = $880
Total cost (new) = $160 + $1000
Total cost (new) = $1160
Multi-factor productivity = Outlay per hour * 8 / Total cost per hour per 8 hours
MFP (old) = 100 * 8 / 880 = 0.91
MFP (new) = 125 * 8 / 1160 = 0.86
So, based on MFP, Use the old process as it is more efficient.
A company borrowed $10,000 by signing a 180-day promissory note at 9%. The total interest due on the maturity date is: (Use 360 days a year.)
Answer:
$450
Explanation:
Calculation for the total interest due on the maturity date
Using this formula
Total interest=(Amount borrowed × Percentage of promissory note ×1/2)
Let plug in the formula
Total interest =$10,000 x 0.09x 1/2
Total interest= $450
Therefore the total interest due on the maturity date will be $450
According to question: The total interest due on the maturity date is $450
What is Interest due?
Interest due refers to the dollar amount required to pay the interest cost of the loan for the payment on period. When Most loan payments are structured so that each payment covers the interest charged on the loan for the period, Then the interest due, as well as reduces the principal balance of the loan.
Now the Calculation for the total interest due on the maturity date
We are using this formula that is:
The Total interest is=
(Amount borrowed × Percentage of promissory note ×1/2)
Then Let plug in the formula
The Total interest is =$10,000 x 0.09x 1/2
After that Total interest is = $450
Thus. the total interest due on the maturity date will be $450
Find more information about Interest due here:
https://brainly.com/question/25994247
Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 360,000 Beginning merchandise inventory $ 24,000 Purchases $ 240,000 Ending merchandise inventory $ 12,000 Fixed selling expense $ ? Fixed administrative expense $ 14,400 Variable selling expense $ 18,000 Variable administrative expense $ ? Contribution margin $ 72,000 Net operating income $ 21,600 Required: 1. Prepare a contribution format income statement. 2. Prepare a traditional format income statement. 3. Calculate the selling price per unit. 4. Calculate the variable cost per unit. 5. Calculate the contribution margin per unit. 6. Which income statement format (traditional format or contribution format) would be more useful to managers in estimating how net operating income will change in responses to changes in unit sales?
Answer:
1. a contribution format income statement
Sales $ 360,000
Less Cost of Sales (Variable Cost)
Opening Merchandise Inventory $ 24,000
Add Purchases $ 240,000
Less Closing Inventory ($ 12,000) ($ 252,000)
Less Variable Selling Expense ($ 18,000)
Less Variable administrative expense (18,000) ($288,000)
Contribution $ 72,000
Less Fixed Expenses ;
Fixed selling expense ($36,000)
Fixed administrative expense ($ 14,400) (50,400)
Net Operating Income $ 21,600
2. a traditional format income statement.
Sales $ 360,000
Less Cost of Sales (Variable Cost)
Opening Merchandise Inventory $ 24,000
Add Purchases $ 240,000
Less Closing Inventory ($ 12,000) ($ 252,000)
Gross Profit $ 108,000
Less Expenses ;
Selling Expenses
Variable Selling Expense ($ 18,000)
Fixed selling expense ($36,000)
Administrative Expenses
Variable administrative expense (18,000)
Fixed administrative expense ($ 14,400) (86,400)
Net Operating Income $ 21,600
3. $ 360
4. $288
5. $72
6. contribution format
Explanation:
Selling price per unit = Total Sales Revenue / Units Sold
= $ 360,000 / 1,000 units
= $ 360
variable cost per unit = Total Variable Cost / units sold
= $288,000 / 1,000 units
= $288
contribution margin per unit = Selling price per unit - variable cost per unit
= $ 360 - $288
= $72
Contribution format is more useful to managers because its shows separately the changes in variable costs and contribution with any change in units sales
The following information is for employee William Heedy for the week ended March 15.
Total hours worked: 48
Rate: $16 per hour, with double time for all hours in excess of 40
Federal income tax withheld: $200
United Fund deduction: $50
Cumulative earnings prior to current week: $6,400
Tax rates:
Social security: 6% on maximum earnings of $106,800
Medicare tax: 1.5% on all earnings; on both employer and employee
State unemployment: 4.2% on maximum earnings of $7,000; on employer
Federal unemployment: 0.8% on maximum earnings of $7,000; on employer Federal unemployment: 0.8% on maximum earnings of $7,000; on employer.
1. What is WIlliam's total earnings?
a. $640.00
b. $896.00
c. $256.00
d. $900,00
2. What is WIlliam's total deductions?
a. $200.00
b. $50.00
c. $317.20
d. $250.00
3. What is William's net pay?
a. $578.80
b. $640.00
c. $580.00
d. $600.00
4. What is the employers FICA based on Williams pay?
a. $70.00
b. $67.20
c. $20.40
d. $0
5. What is the employers Federal Unemployment based on Williams pay?
a. $0
b. $13.44
c. $7.00
d. $4.80
Answer:
1. b. $896.00
2. c. $317.20
3. a. $578.80
4. b. $67.20
5. d. $4.80
Explanation:
1. WIlliam's total earnings
40 hours at $16 = $640
8 hours at $32 = $256
Total = $896
2. WIlliam's total deductions
Income Tax $200
United Fund deduction $50
Social security tax (6% * $896) $3.76
Medicare tax (1.5% * $896) $13.44
Total $317.20
3. William's net pay
= Total earnings - Total deductions
= $896 - $317.20
= $578.80
Cash Paid is $578.80
4. Employers FICA based on Williams pay
Social Security and Medicare taxes = 7.5% * $869 = $67.20
5. Employers Federal Unemployment based on Williams pay
Federal unemployment tax = 0.8% * $600 = $4.80
Assume you sell short 1,000 shares of common stock at $35 per share, with initial margin at 50%. What would be your rate of return if you repurchase the stock at $25 per share
Answer:
57.14%
Explanation:
Calculation for the rate of return if you repurchase the stock at $25 per share
First step is to calculate for the profit on stock
Using this formula
Profit on stock =( Sales amount of Common stock per share- Repurchased stock per share)*(Share of common stock)
Let plug in the formula
Profit on stock = ($35 - $25)(1,000)
Profit on stock=$10*10,000
Profit on stock = $10,000
Second step is to calculate for the initial investment
Using this formula
Initial investment= (Sales amount of Common stock per share*Share of common stock×Percentage of the initial margin
Let plug in the formula
Initial investment = ($35)(1,000)(.5)
Initial investment= $17,500
The rate of return will be :
Profit on stock / Initial investment
Rate of return=$10,000/$17,500
Rate of return= 57.14%
Therefore what would be your rate of return if you repurchase the stock at $25 per share will be 57.14%
Since the middle of the 20th century, the international global business system has been shaped by global institutions. Countries have established these institutions to address the global issues that span their borders. The functions of these organizations have been established in international treaties. International businesses need to be aware of the functions of these organizations as they can have a profound impact on trade and commerce.
It is critical for businesses to understand the responsibilities of each organization as well as the rationale for its creation.
Match the description with the correct organization.
1. UN
2. GTO
3. WTO
4. Bretton Woods Institutions
5. GATT
A. The IMF and World Bank were created in 1944 by 44 nations that met to maintain order in the international monetary system and promote economic growth.
B. As much as 70 percent of its work is devoted to establishing higher standards of living, full employment, and conditions of economic and social progress and development.
C. A series of treaties that reduced barriers to trade.
D. Primarily responsible for policing world trade system.
E. Finance ministers and central bank governors of major economies coordinate policy on global financial crises.
Answer:
1. UN - As much as 70 percent of its work is devoted to establishing higher standards of living, full employment, and conditions of economic and social progress and development.
The United Nations was founded in 1945 as a medium to coordinate human efforts on a global scale. They pursue through their subsidiary organizations, the welfare of humanity amongst other things.
2. GTO - Finance ministers and central bank governors of major economies coordinate policy on global financial crises.
Formed by 20 leading economies, the GTO was formed to combat the effects of the 2008 financial crises.
3. WTO - Primarily responsible for policing world trade system.
WTO regulates trade in the world to make it easier to transact.
4. Bretton Woods Institutions - The IMF and World Bank were created in 1944 by 44 nations that met to maintain order in the international monetary system and promote economic growth.
5. GATT - A series of treaties that reduced barriers to trade.
The General Agreement on Tariff and Trade (GATT) is a treaty between over 140 nations in which they agree to make trade easier by reducing barriers and adhering to Internation best practices.
When this firm is producing at the profit-maximizing price and quantity, its total revenue is: g
Answer:
$2500
Explanation:
As we know that the Profit - Maximising condition of the monopoly says that the maximum profit is at the position where the marginal cost becomes equal to marginal revenue. Hence, we can say that:
Marginal Revenue = Marginal Cost
This is the point on the demand curve which is exactly above the point of intersection of two lines MR and MC which highlights the price and the quantity that will equal Marginal revenue with marginal cost.
Now here, the point on the demand curve which is exactly above the point of intersection of two lines MR and MC gives price per unit of $25 and 100 units of demand.
Since
Total Revenue = P * Q
= $25 per unit * 100 units
= $2,500 is the total revenue which is the maximum profit and entity can earn.