Answer:
Smolira Golf Corp.
Short-term solvency ratios: 2014 2015
a. Current ratio 1.15 times 1.20 times
b. Quick ratio 0.67 times 0.72 times
c. Cash ratio 0.42 times 0.43 times
Asset utilization ratios:
d. Total asset turnover times 0.90 times
e. Inventory turnover times 9.03 times
f. Receivables turnover times 24.97 times
Long-term solvency ratios: 2014 2015
g. Total debt ratio times times 0.35 times 0.36 times
h. Debt–equity ratio times times 0.55 times 0.57 times
i. Equity multiplier times times 0.65 times 0.64 times
j. Times interest earned times 5.36 times
k. Cash coverage ratio times 1.50 times
Profitability ratios:
I. Profit margin % = 10.79%
m. Return on assets % = 9.70%
n. Return on equity % = 15.25%
Explanation:
a) Data and Calculations:
SMOLIRA GOLF CORP.
2014 and 2015 Balance Sheets
Assets
2014 2015
Current assets
Cash $24,236 $26,000
Accounts receivable 14,348 17,100
Inventory 27,892 29,000
Total current assets $ 66,476 $72,100
Fixed assets
Net plant &
equipment $343,695 $364,900
Total assets 410,171 $437,000
Liabilities and equity
Current liabilities:
Accounts payable $25,084 $29,000
Notes payable 19,000 12,700
Other current liabilities 13,471 18,300
Total $ 57,555 $60,000
Long-term debt $ 88,000 $99,000
Total $145,555 $159,000
Owners’ equity:
Common stock and
paid-in surplus $45,000 $45,000
Accumulated
retained earnings 219,616 233,000
Total liabilities and
owners’ equity $410,171 $437,000
SMOLIRA GOLF CORP.
2015 Income Statement
Sales $ 392,640
Cost of goods sold 257,000
Depreciation 48,800
Earnings before
interest and taxes $86,840
Interest paid 16,200
Taxable income $70,640
Taxes (40%) 28,256
Net income $ 42,384
Dividends $ 29,000
Retained earnings 13,384
Short-term solvency ratios: 2014 2015
a. Current ratio times times $ 66,476/$ 57,555 $72,100/$60,000
1.15 times 1.20 times
Current assets/Current liabilities
b. Quick ratio times times $38,584/$57,555 $43,100/$60,000
0.67 times 0.72 times
= (Current assets- Inventory)/Current liabilities
c. Cash ratio times times $24,236/$57,5555 $26,000/$60,000
0.42 times 0.43 times
Cash ratio = Cash/Current liabilities
Asset utilization ratios:
d. Total asset turnover times = Sales/Total asset = $ 392,640/$437,000 = 0.90 times
e. Inventory turnover times = Cost of goods sold/Average Inventory = $257,000/$28,446 = 9.03 times
f. Receivables turnover times = Sales/Average Receivable = $392,640/$15,724 = 24.97 times
Long-term solvency ratios: 2014 2015
g. Total debt ratio times times = Total Debt/Total Assets
= $145,555/$410,171 $159,000/$437,000
= 0.35 times 0.36 times
h. Debt–equity ratio times times
= $145,555/$264,616 $159,000/$278,000
= 0.55 times 0.57 times
i. Equity multiplier times times
= $264,616/$410,171 $278,000/$437.000
= 0.65 times 0.64 times
= Equity/Assets
j. Times interest earned times $86,840/$16,200
= 5.36 times
= EBIT/Interest Expense
k. Cash coverage ratio times = $24,236/$16,200 = 1.50 times
Profitability ratios:
I. Profit margin % = Net income/Sales = $42,384/$392,640 * 100 = 10.79%
m. Return on assets % = Net income/Assets
= $42,384/$437,000 * 100 = 9.70%
n. Return on equity % = Net income/Equity
= $42,384/$278,000 * 100
= 15.25%
Kirchhoff Industries has a past history of uncollectible accounts, as follows.
Age Class Percent Uncollectible
Not past due 2%
1-30 days past due 4
31-60 days past due 18
61-90 days past due 40
Over 90 days past due 75
Required:
Estimate the allowance for doubtful accounts.
Answer:
The balance of allowance for doubtful accounts is $131,712.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation of the answer is now given as follows:
Note: See the attached excel file for the estimated allowance for doubtful accounts.
In the attached excel file, the allowance for doubtful accounts for each Percentage uncollectible is calculated as follows:
Allowance for doubtful accounts = Total receivables * Percentage uncollectible.
Also, the balance of allowance for doubtful accounts is calculated by adding the allowance for doubtful accounts of the Age Classes.
From the attached excel file, the balance of allowance for doubtful accounts is $131,712.
Cynthia is ready to apply to a four-year private college. Evaluate her eligibility for financial ald.
Select the best answer from the choices provided.
OA. She will not be eligible to receive federal loans.
OB. She will be eligible to walve any interest on private loans.
Ос. .
She will be eligible to receive grants.
OD She will not be eligible to receive scholarships.
Answer:
C.
Explanation
A - Private schools recieve federal funds and so can their students.
B - Some private loans can waive interest, but not all.
D - any student can receive scholarships, if they qualify or if the are awarded the scholarship after applying.
Good luck in your studies.
Prepare the journal entries to record the following transactions on Markowitz Company's books using a perpetual inventory system.
On February 6, Wildhorse Company sold $102,000 of merchandise to the Lyman Company, terms 2/10, net /30. The cost of the merchandise sold was $71,000.
On February 8, the Lyman Company returned $13,000 of the merchandise purchased on February 6. The cost of the merchandise returned was $9,400. On February 16 Wildhorse Company received the balance due from the Lyman Company.
Answer:
Date Account titles and explanation Debit Credit
Feb 6 Accounts Receivable $102,000
Sales Revenue $102,000
Cost of Goods Sold $71,000
Inventory $71,000
Feb 8 Sales Returns and Allowances $13,000
Accounts Receivable $13,000
Inventory $9,400
Cost of Goods Sold $9,400
Feb 16 Cash ($89,000*0.98) $87,220
Sales Discounts $1,780
Accounts Receivable ($102,000-$13,000) $89,000
The cash flow data for GM is below Cash dividend..............................................$ 94,000 New PPE........................................................$ 61,000 Interest paid on debt.................................$ 39,000 Sales of old equipment.............................$ 86,000 Repurchase of stock..................................$ 83,000 Cash payments to suppliers...................$ 109,000 Cash collections from customers.........$ 440,000 A) Find the net cash provided by or used in investing activities.
Answer:
the net cash provided by investing activities is $25,000
Explanation:
The computation of the net cash provided by or used in investing activities is shown below
= Sale of old equipment - New PPE
= $86,000 - $61,000
= $25,000
Hence, the net cash provided by investing activities is $25,000
Tiffany, who is married to Saul, takes out a $1,000,000 life insurance policy on Saul's life in 2008. Two years later they get divorced and Tiffany immediately remarries. Saul is not required to pay any alimony or child support to Tiffany after the divorce. In 2015, Saul dies. What will Tiffany collect on the life insurance policy, assuming she continued to pay all premiums due following their divorce?
a. $0, because Tiffany has no insurable interest.
b. $1,000,000, because Tiffany had insurable interest in Saul's life when the policy was purchased.
c. $1,000,000, because Tiffany had insurable interest in Saul's life at the time of his death.d. $0, because Saul was not ordered to pay alimony to Tiffany.
Answer:
b. $1,000,000, because Tiffany had insurable interest in Saul's life when the policy was purchased.
Explanation:
The correct answer is - b. $1,000,000, because Tiffany had insurable interest in Saul's life when the policy was purchased.
Sarah is the vice president of a computer sales company. Sarah could save significant money by firing one of two employees who service the northwest region: Gary and Brenda. Gary is a long-time employee with an excellent sales record and a forceful demeanor. However, you Sarah and Gary have conflicted in the past when Sarah rejected his request for a significant raise. Brenda has been struggling with her sales quotas lately, but is very popular amongst her co-workers. She has also been a quiet confidant for key sales decisions.
Required:
Evaluate whether Sarah should layoff Brenda, Gary, or neither employee, and give the reasons for your decision.
Answer:
Gary should be layed off
Explanation:
With better sales record of Gary, he doesn't have good personal relationships with clients as well as other workers, as a result of this future sales could be reduced which is not good for the company.
Brenda sales record required improvement, though her interpersonal skills is very good, then she could be thought how to make better sales compare with teaching someone how to behave in a mannered way
16) Warranties, money-back guarantees, extensive usage instructions, demonstrations, and free samples are all ways in which companies attempt to ________ new product adoption. A) accelerate satisfaction with B) stabilize at maturity any C) minimize growth in competition during D) overcome barriers to E) prevent the precipitous decline of
Answer: D. Overcome barriers
Explanation:
During the life cycle of a product, the introduction stage is where the company builds awareness for the new product.
At this stage, the sales are usually low and companies look out for ways to overcome challenges and barriers. Some of the ways to do this include warranties, extensive usage instructions etc.
Therefore, the correct option is D.
A greedy rice ma trader full story
Answer:
heieuiehejdd7h
love yi
which behavior would best describe someone who is productive at work?
a. takes frequent breaks to answer personal calls and emails
b. sticks to routines and prioritizes to work
c. multitask as much as possible
d. waits for directives from the boss before completing simple tasks
what are the major elements of market management? list them in 5 points.
Answer:
brain busters
Explanation:
its the answer coz i said it was
It is better to ___ than to ___.
A. pay with a credit card; use cash
B. pay down a credit card; save the money
C. save the money, pay off a credit card
D. use cash; save the money
Answer:
It is better to pay down a cred card than to save the money.
Or B
Explanation: I just took the quiz.
It is better to "save the money, pay off a credit card" than to "use cash". The correct option is C.
Why is it important to save money early?The first step toward financial independence is saving money. The sooner children and teenagers begin saving, the more probable it is that it will become a habit. Children and teenagers can benefit from compound interest by saving frequently and early. Finding ways to generate additional money might help kids and teenagers increase their savings.
This is because paying off a credit card debt can help reduce overall debt and save money in the long term by avoiding high-interest charges. On the other hand, using cash may provide a sense of security and control over spending, but it does not necessarily address existing debt or help build credit history.
Thus, the ideal selection is option C.
Learn more about saving money here:
https://brainly.com/question/25192498
#SPJ2
The new truck your catering company just purchased has a cost of $75,000 with all the movable carts, storage, and refrigeration built in. You are able to negotiate a loan with your bank with 10% down payment, 12%, 2 years, with a monthly mortgage. Please find amortization schedule with correct numbers for the first two months of this loan.
Answer:
purchase price = $75,000
down payment = $7,500
assuming a fixed monthly payment
monthly payment = $67,500 / 21.243 (PVIFA, 1%, 24 periods) = $3,177.52
month beg. balance payment interest principal end. balance
1 $67,500 $3,177.52 $675 $2,502.52 $64,997.48
2 $64,997.48 $3,177.52 $650 $2,527.52 $62,469.96
A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include: Multiple Choice A credit to Premium on Bonds Payable of $7,850. A debit to Discount on Bonds Payable of $7,850. A credit to Cash of $100,000. A credit to Bonds Payable of $107,850. A debit to Interest Expense of $7,850.
Answer:
A credit to Premium on Bonds Payable of $7,850
Explanation:
The journal entry to record the issuance of the bond is shown below:
Cash $107,850
Premium on bonds payable $7,850
Bonds payable $100,000
(Being the issuance of the bond is recorded)
Here cash is debited as it increased the assets and rest of the two accounts are credited as it increased the liabilities
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $3,000. For each of the next 5 years, he expects his salary to increase at an 4% annual rate, and he plans to increase his savings at the same 4% rate. There will be a total of 6 investments, the initial $3,000 plus five more. If the investments earn a return of 9% per year, how much will Mark have at the end of six years?
Answer:
Mark Johnson
At the end of six years, Mark will have:
= $26,945.
Explanation:
a) Data and Calculations:
Savings for the first year = $3,000
Annual rate of salary and savings increase = 4%
Interest rate = 9%
Savings for Year 2 = $3,120 ($3,000 * 1.04)
Savings for Year 3 = $3,245 ($3,120 * 1.04)
Savings for Year 4 = $3,375 ($3,245 * 1.04)
Savings for Year 5 = $3,510 ($3,375 * 1.04)
Savings for Year 6 = $3,650 ($3,510 * 1.04)
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Savings $3,000 $3,120 $3,245 $3,375 $3,510 $3,650
FV factor 1.677 1.539 1.412 1.295 1.188 1.090
FV = $5,031 $4,802 $4,592 $4,371 $4,170 $3,979
Total FV = $26,945
Total principal contribution = $19,900
Total interest = $7,045
define common stock.
Select the answer that makes each statement correct. When the government changes either its spending or tax policy to pursue economic objectives, it has changed its financial policy. political policy. monetary policy. contractionary policy. expansionary policy. fiscal policy. Changing the amount of money in circulation to pursue economic objectives changes the
Answer:
fiscal policy
monetary policy
Explanation:
Monetary policy are policies taken by the central bank of a country to shift aggregate demand.
There are two types of monetary policy :
Expansionary monetary policy : these are polices taken in order to increase money supply. When money supply increases, aggregate demand increases. reducing interest rate and open market purchase are ways of carrying out expansionary monetary policy
Contractionary monetary policy : these are policies taken to reduce money supply. When money supply decreases, aggregate demand falls. Increasing interest rate and open market sales are ways of carrying out contractionary monetary policy
Fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise. The tools of fiscal policy are either taxes and government spending
Fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policy is when the government reduces the money supply in the economy either by reducing spending or increasing taxes.
On June 10, Novak Corp. purchased $8,350 of merchandise on account from Sarasota Company, FOB shipping point, terms 2/10, n/30. Novak pays the freight costs of $560 on June 11. Damaged goods totaling $350 are returned to Sarasota for credit on June 12. The fair value of these goods is $80. On June 19, Novak pays Sarasota Company in full, less the purchase discount. Both companies use a perpetual inventory system.
(a) Prepare separate entries for each transaction on the books of Tuzun Company.
(b) Prepare separate entries for each transaction for Epps Company. The merchandise purchased by Tuzun on June 10 had cost Epps $4,800.
Answer:
On the books of Tuzun Company:
On June 10
Dr Merchandise Inventory $8,350
Cr Accounts payable$8,350
On June 11
Dr Merchandise inventory $560
Cr Cash $560
On June 12
Dr Account payable$350
Cr Merchandise inventory $350
On June 19
Dr Accounts payable $8,000
Cr Cash $7,840
Cr Merchandise Inventory $160
B.
On the books of Epps Company:
On June 10
Dr Accounts receivable $8,350
Cr Service revenue $8,350
(Being service provided is recorded)
Dr Cost of goods sold $4,800
Cr Merchandise inventory $4,800
(Being inventory sold at cost)
On June 12
Dr Accounts receivable $350
Cr Service revenue A/c $350
(Being returned inventory is recorded)
Dr Cost of goods sold $80
Cr Merchandise inventory A/c $80
(Being fair value is recorded)
On June 19
Dr Cash $7,840
Dr Sales discount $160
Cr Accounts receivable A/c $800
(Being payment is received)
Explanation:
A. Preparation of separate entries for each transaction on the books of Tuzun Company.
On the books of Tuzun Company:
On June 10
Dr Merchandise Inventory $8,350
Cr Accounts payable$8,350
(Being inventory purchased on credit)
On June 11
Dr Merchandise inventory $560
Cr Cash $560
(Being freight is paid by cash)
On June 12
Dr Account payable$350
Cr Merchandise inventory $350
(Being returned inventory is recorded)
On June 19
Dr Accounts payable $8,000 ($8,350 - $350)
Cr Cash $7,840
(8000-160)
C Merchandise Inventory $160[ ($8,350 - $350) × 2%]
(Being due amount is paid and the remaining balance is credited to the cash account)
B. Preparation of separate entries for each transaction for Epps Company.
On the books of Epps Company:
On June 10
Dr Accounts receivable $8,350
Cr Service revenue $8,350
(Being service provided is recorded)
Dr Cost of goods sold $4,800
Cr Merchandise inventory $4,800
(Being inventory sold at cost)
On June 12
Dr Accounts receivable $350
Cr Service revenue A/c $350
(Being returned inventory is recorded)
Dr Cost of goods sold $80
Cr Merchandise inventory A/c $80
(Being fair value is recorded)
On June 19
Dr Cash $7,840
Dr Sales discount $160
Cr Accounts receivable A/c $800
(Being payment is received)
Harrison Forklift's pension expense includes a service cost of $26 million. Harrison began the year with a pension liability of $46 million (underfunded pension plan).
1. Interest cost, $7; expected return on assets, $20; amortization of net loss, $6.
2. Interest cost, $22; expected return on assets, $16; amortization of net gain, $6.
3. Interest cost, $22; expected return on assets, $16; amortization of net loss, $6; amortization of prior service cost, $7 million.
Required:
Prepare the appropriate general journal entries to record Harrison's pension expense in each of the above independent situations regarding the other components of pension expense ($ in millions).
Answer:
1. ($ in millions)
Dr Pension expense $19
Dr Plan assets (expected return on assets) $20
Cr PBO$33
Cr Net loss—AOCI(current amortization) $6
2. ($ in millions)
Dr Pension expense $26
Dr Plan assets (expected return on assets) $16
Dr Net gain—AOCI(current amortization) $6
Cr PBO $48
3. ($ in millions)
Dr Pension expense $45
Dr Plan assets (expected return on assets) $16
Cr PBO $48
Cr Net loss—AOCI(current amortization) $6
Cr Prior service cost (current Amortization) $7
Explanation:
Preparation of the appropriate general journal entries to record Harrison's pension expense
1. ($ in millions)
Dr Pension expense $19
($33+$6-$20)
Dr Plan assets (expected return on assets) $20
Cr PBO($26 service cost + $7 interest cost) $33
Cr Net loss—AOCI(current amortization) $6
2. ($ in millions)
Dr Pension expense $26
($48-$16-$6)
Dr Plan assets (expected return on assets) $16
Dr Net gain—AOCI(current amortization) $6
Cr PBO($26 service cost + $22 interest cost) $48
3. ($ in millions)
Dr Pension expense $45
($48+$6+$7-$16)
Dr Plan assets (expected return on assets) $16
Cr PBO($26 service cost + $22 interest cost) $48
Cr Net loss—AOCI(current amortization) $6
Cr Prior service cost (current Amortization) $7
20. The shipment of goods or rendering of services to a foreign buyer, located in a
foreign country is:
Importing
Exporting
Foreign Exchange
Importing and Exporting
Refinancing a loan. About Suppose someone takes out a home improvement loan for $30,000. The annual interest on the loan is 6% and is compounded monthly. The monthly payment is $600. Let an denote the amount owed at the end of the nth month. The payments start in the first month and are due the last day of every month.
(a) Give a recurrence relation for an. Don't forget the base case.
(b) Suppose that the borrower would like a lower monthly payment. How large does the monthly payment need to be to ensure that the amount owed decreases every month? Feedback?
Answer:
[tex](a)[/tex] [tex]A_n = A_{n-1}(1.005) - 600[/tex] where [tex]A_0 = 30000[/tex]
(b) Above $150
Explanation:
Given
[tex]Loan = \$30000[/tex]
[tex]Rate =6\%[/tex] --- annually
Solving (a): Recursion for the amount at the end of n month
The base case is:
[tex]A(0) = 30000[/tex]
Next, we calculate the monthly rate (r)
[tex]r = \frac{Annual\ Rate}{12}[/tex]
[tex]r = \frac{6\%}{12}[/tex]
[tex]r = 0.5\%[/tex]
[tex]r = 0.005[/tex]
The loan amount remaining at the end of month n is then calculated as:
[tex]A_n = A_{n-1}*(1 + r) - 600[/tex] ---[The 600 represents the monthly payment]
[tex]A_n = A_{n-1}*(1 + 0.005) - 600[/tex]
[tex]A_n = A_{n-1}(1.005) - 600[/tex]
Solving (b):
Suppose the borrower requests for a lower monthly payment, then the following condition will exist:
[tex]P > A_{n-1} *0.005[/tex]
i.e. the monthly payment will exceed the monthly interest
Let [tex]n= 1[/tex]
[tex]P > A_{1-1} *0.005[/tex]
[tex]P > A_0 *0.005[/tex]
Substitute 30000 for [tex]A_0[/tex]
[tex]P > 30000 *0.005[/tex]
[tex]P > 150[/tex]
His monthly payment must exceed $150
. What happens when the domestic interest rate is lower than foreign interest rates?Foreign investment shift domestically
Answer:
Lower domestic interest rates should help to boost the economy, by increasing lending and investment. It also should depreciate the currency of the country, increasing exports and decreasing imports. This temporary depreciation of the currency should be offset in the short run, as more exports will eventually result in an appreciation. Foreign direct investment should also increase (at least temporarily) due to cheaper currency.
This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15,900. He estimates that his tax withholding from his employer will be $8,655. Problem 8-77 Part-a (Algo) a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty
Answer:
Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .
Explanation:
As a rule, a citizen can maintain a strategic distance from an underpayment of punishment if their retention and evaluated assessment installment measure up to or surpass one of the two safe harbours
90% of current expense risk = 90% × $11,350
= $10,215
100% of past assessment risk = $15,900
Since his(Lloyd) retention is not equal to or exceed $10,215 or $15,900
Llyod should expand retaining or make payment this year in order to stay away from underpayment punishment
= $10,215 - $8,655
= $1,560
Which statement below correctly explains what merchandise inventory is? Multiple choice question. Merchandise inventory is increased when products are sold to customers. Merchandise inventory is subtracted from net sales on the income statement to determine gross profit for the period. Merchandise inventory is an expense account reported on the income statement and contains the cost of products purchased for sale. Merchandise inventory is an asset reported on the balance sheet and represents the cost of products purchased for sale.
Answer:
Merchandise inventory is an asset reported on the balance sheet and represents the cost of products purchased for sale.
Explanation:
Merchandise inventory is the stock of the company and the same is to be reported under the current asset side of the balance sheet also the asset contains normal debit balance. In addition to this, it shows the cost of product buy for sale
Therefore the last option is correct
Engineer Fatima and Cal Client executed a contract that included a provision that Cal could not file a lawsuit for professional negligence against Fatima after two years from the date of Building Department's final inspection of Cal's three-story redwood decking, stairs and cover. The contract provision used for this particular agreement is referred to as:
Answer:
Express condition
Explanation:
An Express condition may be defined as the conditions or the terms that is explicitly mentioned or written in the contract. It occurs when the two or more parties signing the contract agrees that an event must occur before the burden of the responsibility to be completed the contract arises.
In the context, a contract signed between two parties, Fatima and Cal that states that Cal cannot file a case against Fatima after the final inspection of the Building Department for two years of Cal's building.
The contract provision used under this agreement between Cal and Fatima is referred to as express condition.
Which of the following costs is most likely NOT included in a bill from the university for a college student living on campus?
Select the best answer from the choices provided.
OA. tuition
OB.
cell phone
Ос.
fees
OD. housing
Answer:
B. cell phone
Explanation:
Out of all the following costs, the most likely not to be included in a bill from the university for a college student living on campus is "Cell Phone."
This is because except a student is on full scholarship, Tuition is a must cost to be included in the bill.
Also, student fees that cover extra costs like insurance, and health care are usually included in student bills.
Similarly, the housing cost covers a hostel or off-campus accommodation for students. Hence it is also included in the student bill.
Hence, the correct answer is the cost of a "Cell phone." Which doesn't concern the school whether a student has or not.
On the cost of goods manufactured schedule, the cost of goods manufactured agrees with the:________ a. total debits to Work in Process Inventory during the period. b. balance of Finished Goods Inventory at the end of the period. c. debits to Cost of Goods Sold during the period. d. amount transferred from Work in Process Inventory to Finished Goods during the period.
Answer:
c. debits to Cost of Goods Sold during the period
Explanation:
For a Manufacturing firm, the Cost of Sales is equal to the Cost of Goods Manufactured.
Therefore, On the cost of goods manufactured schedule, the cost of goods manufactured agrees with the debits to Cost of Goods Sold during the period.
Bonds issued by XYZ have a par value of $1000, were priced at $1,220.00 six months ago, and are priced at $1,140.00 today. The bonds pay semi-annual coupons and just made a coupon payment. If the bonds had a percentage return over the past 6 months (from 6 months ago to today) of -2.10%, then what is the current yield of the bonds today
Answer:
9.54%
Explanation:
-0.021 = ($1,140 + D - $1,220) / $1,220
-$25.62 = -$80 + D
$54.38 = Dividend (semiannual)
current yield = annual dividends / current price
annual dividends = $54.38 x 2 = $108.76
current price = $1,140
current yield = $108.76 / $1,140 = 0.0954 = 9.54%
How would an increase in taxes influence the size of the multiplier in a four sector?
What types of planning do you do in your personal life? Describe these
plans in terms of being (a) strategic or operational, (b) short term or long
term, and (c) specific or directional.
Answer:
Every day we perform series of activities in which few are very important while other may not be. But to perform every activity, we need to design the things systematically. We prioritize our activities as per their importance and then we take the action to make it fruitful. As per their value and importance we may develop following types of plan in our daily life;
Strategic or operational plan: Strategic or Operational Plan means an arsenal plan which tells how we can achieve the ultimate goal of our given task by creating clear and defined steps. As an operational plan, if we have an important task in our hand then we have to create step by step action which is oriented towards achievement of overall objective. Eg: If Periodical exams are due for...
how long will it take a nitrogen dioxide molecule to travel 25m at stp?
Answer:
Explanation:Nitrogen dioxide appears as a reddish brown gas or yellowish-brown liquid when cooled or compressed. Shipped as a liquefied gas under own vapor pressure. Vapors are heavier than air. Toxic by inhalation (vapor) and skin absorption. Noncombustible, but accelerates the burning of combustible materials. Cylinders and ton containers may not be equipped with a safety relief device.
Nitrogen oxide (NO2). A highly poisonous gas. Exposure produces inflammation of lungs that may only cause slight pain or pass unnoticed, but resulting edema several days later may cause death. (From Merck, 11th ed) It is a major atmospheric pollutant that is able to absorb UV light that does not reach the earth's surface.