Answer:
f. None of the above
Explanation:
Strategic planning is the planning by an organization in order to meet its goals. Thought the allocation of plans and resources, and proper execution of the inputs, outputs, and activities. Through the comparison of the strengths and weaknesses and industrial opportunities and strengths. The outputs include the documentation etc. The strategy might fail if it's taken lightly and not handled properly. Unwillingness and lack of support from the teammates.A financial manager is considering two possible sources of funds necessary to finance a $10,000,000 investment that will yield $1,500,000 before interest and taxes. Alternative one is a short-term commercial bank loan with an interest rate of 8 percent for one year. The alternative is a five-year term loan with an interest rate of 10 percent. The firm's income tax rate is 30 percent.
Required:
a. What will be the firm's projected earnings under each alternative for the first year?
b. The financial manager expects short-term rates to rise to 11 percent in the second year. At that time long-term rates will have risen to 12%. What will be the firm's projected earnings under each alternative in the second year?
c. What are the crucial considerations when selecting between short- and long-term sources of finance?
Answer:
a. We have:
Firm's projected earnings under short-term loan for the first year = $490,000
Firm's projected earnings under long-term loan for the first year = $350,000
b. We have:
Firm's projected earnings under short-term loan for the second year = $280,000
Firm's projected earnings under long-term loan for the second year = $210,000
c. These include repayment terms, security available, the total cost of borrowing, business risk, the current capital gearing of the business, and among others.
Explanation:
a. What will be the firm's projected earnings under each alternative for the first year?
Firm's projected earnings under short-term loan for the first year = Investment yield - (Amount Borrowed * Short-term interest rate in the first year) - (((Investment yield - (Amount Borrowed * Short-term interest rate in the first year)) * Tax rate) = $1,500,000 - ($10,000,000 * 8%) - ((($1,500,000 - ($10,000,000 * 8%)) * 30%) = $490,000
Firm's projected earnings under long-term loan for the first year = Investment yield - (Amount Borrowed * Long-term interest rate in the first year) - (((Investment yield - (Amount Borrowed * Long-term interest rate in the first year)) * Tax rate) = $1,500,000 - ($10,000,000 * 10%) - ((($1,500,000 - ($10,000,000 * 10%)) * 30%) = $350,000
b. The financial manager expects short-term rates to rise to 11 percent in the second year. At that time long-term rates will have risen to 12%. What will be the firm's projected earnings under each alternative in the second year?
Firm's projected earnings under short-term loan for the second year = Investment yield - (Amount Borrowed * Short-term interest rate in the second year) - (((Investment yield - (Amount Borrowed * Short-term interest rate in the second year)) * Tax rate) = $1,500,000 - ($10,000,000 * 11%) - ((($1,500,000 - ($10,000,000 * 11%)) * 30%) = $280,000
Firm's projected earnings under long-term loan for the second year = Investment yield - (Amount Borrowed * Long-term interest rate in the second year) - (((Investment yield - (Amount Borrowed * Long-term interest rate in the second year)) * Tax rate) = $1,500,000 - ($10,000,000 * 12%) - ((($1,500,000 - ($10,000,000 * 12%)) * 30%) = $210,000
c. What are the crucial considerations when selecting between short- and long-term sources of finance?
The crucial considerations when selecting between short- and long-term sources of finance include repayment terms, security available, the total cost of borrowing, business risk, the current capital gearing of the business, and among others.
A country aims to double real GDP per capita in the next 25 years. If the rate of population growth in the country is 1.5% per year then at approximately what rate does real GDP need to grow to achieve this goal
Answer: 4.3%
Explanation:
Real GDP growth rate = GDP per Capita growth rate + Population growth rate
GDP per capita growth rate:
One can use the rule of 70 to calculate the length of time it would take something to double:
Years = 70 / rate
rate * years = 70
Rate = 70 / years
= 70/25
= 2.8%
Real GDP growth rate = 2.8% + 1.5%
= 4.3%
Your firm is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land six years ago for $4.6 million in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $5.4 million. The company wants to build its new manufacturing plant on this land; the plant will cost $11.2 million to build, and the site requires $713,900 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project
Answer:
the proper cash flow amount is -$17,313,900
Explanation:
The computation of the proper cash flow amount is given below:
= Land value + plant cost + grading cost
= -$5,400,000 - $11,200,000 - $713,900
= -$17,313,900
Hence, the proper cash flow amount is -$17,313,900
Sheffield Corp. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Sheffield $4 each. Sheffield estimates that 45 percent of the coupons will be redeemed. Data for 2020 and 2021 are as follows:______.
2020 2021
Bags of dog food sold 480000 620000
Leashes purchased 19000 24000
Coupons redeemed 110000 130000
The premium liability at December 31, 2015 is?
Answer: $108875
Explanation:
First, we calculate the Premium liability at December 31, 2020 which will be:
= (480,000 × 45%) - $110,000/8 × 4
= (216000 - 110000)/8 × 4.
= $53000.
Premium liability at December 31, 2021 will be:
= 53000 + [(620000 × 45%) - $130,000]/8 × 3
= 53000 + 55875
= $108875
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
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%
Given the following yield curve: One-year bonds yield 8.50%, two-year bonds yield 9.50%, three-year bonds and greater maturity bonds all yield 10.50%. All bonds are paying annual coupons of 9.50%, once a year. You strongly believe that at year-end the yield curve will be flatten around the 3 year rate. Calculate the one year total rate of return for the one-year bond.
Answer:
One year rate of return will be = 8.49%
Explanation:
Data Given:
One year bonds yield = 8.50%
Two Year Bonds Yield = 9.50%
Three Year Bonds Yield = 10.50%
Coupon = 9.50%
In this question, we are asked to calculate just one year total rate of return for the one-year bond only.
Solution:
Face value of the bond = $1000
For Current Price of One year bond, we need to use excel function.
But first multiply the coupon rate with face value i.e 0.0950 x 1000 = 95
= PV (0.0850, 1, -95, -1000)
Enter the above formula into excel to get the current price of the one year bond.
So,
= PV (0.0850, 1, 95, -1000) = $1009.22
Current Price of the bond = $1009.22
After 1 year, it will mature.
So,
Price of bond at the end of year.
So, now the excel function will be:
= PV (0.0850, 0, -95, -1000) = $1000
Price of bond at the end of year = $1000
Coupon rate = 9.50%
Coupon = 1000 x 0.0950
Coupon = 95
One year rate of return will be = (Price of the bond at the end of year + Coupon - Current price of the bond) divided by Current price of the bond.
One year rate of return will be = ($1000 + 95 - $1009.22)/$1009.22
One year rate of return will be = 0.0849 x 100
One year rate of return will be = 8.49%
Some characteristics of the determinants of nominal interest rates are listed as follows. Identify the components (determinants) and the symbols associated with each characteristic:
a. This is the premium that reflects the risk associated with changes in interest rates for a long-term security.
b. Over the past several years, Germany, Japan, and Switzerland have had lower interest rates than the United States due to lower values of this premium.
c. It is based on the bond’s marketability and trading frequency; the less frequently the security is traded, the higher the premium added, thus increasing the interest rate.
d. This is the rate for a short-term riskless security when inflation is expected to be zero.
e. This is the premium added as a compensation for the risk that an investor will not get paid in full.
Answer:
Explanation:
a. This is the premium that reflects the risk associated with changes in interest rates for a long-term security.
(determinants<>Nominal risk free rate)
( The Symbol<> rRF)
b. Over the past several years, Germany, Japan, and Switzerland have had lower interest rates than the United States due to lower values of this premium.
( Determinant<>Inflation premium)
(Symbol<>IP)
c. It is based on the bond’s marketability and trading frequency; the less frequently the security is traded, the higher the premium added, thus increasing the interest rate.
( Determinant<>Liquidity risk premium)
( Symbol<> LRP)
d. This is the rate for a short-term riskless security when inflation is expected to be zero.
(Determinant<> Real risk free rate)
( Symbol<>r)
e. This is the premium added as a compensation for the risk that an investor will not get paid in full.
(Determinant<> Default risk premium)
( Symbol<> DRP)
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.
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
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.
The Department may choose to grant an exception to the examination requirement under certain circumstances. Which of the following situations would probably NOT be considered for an exemption?
Available options are:
A salesperson who has held a valid license within the last 3 years
A broker who surrendered his broker license and has been employed as a salesperson since the surrender
A broker associate who had a valid salesperson license five years ago
A broker associate who held a broker associate license two years ago
Answer:
A broker associate who had a valid salesperson license five years ago
Explanation:
The Department may choose to grant an exception to the examination requirement under certain circumstances except "a broker associate who had a valid salesperson license five years ago."
This is because in the United States, for the real estate brokers to renew a license they need to undergo an examination as part of the requirements. However, they may be granted an exception under specific situations such as
1. When they still hold a valid license within the last 3 years
2. When they hold broker associate valid license within the last two years
3. When they are now into salesperson employment.
Hence, considering the available options, the correct answer is "A broker associate who had a valid salesperson license five years ago."
Item 12 A production department's output for the most recent month consisted of 10,500 units completed and transferred to the next stage of production and 10,500 units in ending Work in Process inventory. The units in ending Work in Process inventory were 60% complete with respect to both direct materials and conversion costs. There were 1,100 units in beginning Work in Process inventory, and they were 80% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Answer:
Total equivalent units= 16,800
Explanation:
Giving the following information:
Beginning inventory= 1,100 units 80% complete
Units produced= 10,500 units
Ending WIP= 10,500 60% complete
The weighted average method blends the costs and units of the previous period with the costs and units of the current period.
Beginning inventory= 0
Units completed in the period= 100%
Ending inventory WIP= units*completion
In this exercise:
Beginning inventory= 0
Units completed in the period= 10,500
Ending inventory WIP= 10,500*0.6
Total equivalent units= 16,800
What is the folder in which the file named script is contained?
Answer:
The folder name is "script "
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
M. Abadie and S. Collier combine their individual sole proprietorships to start the Abadie - Collier partnership. M. Abadie and S. Collier invest in the partnership as follows Book Value Fair Value Abadie Collier Abadie Collier Cash $20400 $6600 $20400 $6600 Accounts Receivable 10000 5400 10000 5400 Allowance for Doubtful Accounts (1600) (650) (2010) (820) Equipment 14400 23600 13100 8600 Accumulated Depreciation (3900) (8300) The entries to record the investment will include a credit to: Abadie, Capital of $40900. Collier, Capital of $19780. Abadie, Capital of $39300. Collier, Capital of $26480.
. 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.
Selected Financial Data
Fiscal Year 2017 2016 2015 2014 2013
(Millions, except per share amounts)
Summary of Operations
Net sales ........ $7,890 $7,961 $8,082 $8,268 $8,052
Earnings before interest and taxes ... 1,400 960 1,054 1,267 1,474
Earnings before taxes. 1,293 849 949 1,148 1,349
Earnings from continuing operations ....887 563 666 774 934
Earnings (loss) from discontinued operations 81 (231)
Net earnings . 887 563 666 855 703
Net earnings attributable to Campbell Soup Company
887 563 666 866 712
Financial Position Plant assets - net.$2,454 $2,407 $2,347 $2,318 $2,260
Total assets 7,726 7,837 8,077 8,100 8,290
Total debt 3,536 3,533 4,082 4,003 4,438
Total equity. 1,645 1,533 1,377 2,602 2,192
Per Share Data
Earnings from continuing operations attributable to Campbell Soup Company - basic
$ 2.91 $ 1.82 $ 2.13 $ 2.50 $ 3.00
Earnings from continuing operations attributable to Campbell Soup Company - assuming dilution.
2.89 1.81 2.13 2.48 2.97
Net earnings attributable to Campbell Soup Company - basic
2.91 1.82 2.13 2.76 2.27
Net earnings attributable to Campbell Soup Company - assuming dilution
2.89 1.81 2.13 2.74 2.25
Dividends declared 1.40 1.248 1.248 1.248 1.16
Other Statistics Capital expenditures .$ 338 $ 341 $ 380 $ 347 $ 336
Weighted average shares outstanding - basic.
305 309 312 314 314
Weighted average shares outstanding - assuming dilution.
307 311 313 316 317 dilution .
This problem is based on the 2017 annual report of Campbell Soup Company.
Required: Find in the Selected Financial Data or calculate, the following data:
a. Dividends per share declared in 2017.
b. Capital expenditures in 2016.
c. Year total equity grew by the greatest amount over the previous year.
d. Change in total debt from 2013 to 2017.
Find the following data for 2017 in the Notes to the Consolidated Financial Statements:
e. Amount of finished products inventory for 2017 in the Notes to the Consolidated Financial Statements.
f. The company's effective income tax rate for 2017 in the Notes to the Consolidated Financial Statements.
g. Net sales of the Global Biscuits and Snacks segment for 2017 in the Notes to the Consolidated Financial Statements. h. Market price range of common stock for the fourth quarter of 2017 in the Notes to the Consolidated Financial Statements.
Answer:
Campbell Soup Company
a. Dividends per share declared in 2017 is:
= $1.40.
b. Capital expenditure in 2016 is:
= $ 341 million.
c. Year total equity grew by the greatest amount over the previous year is 2014. It grew by 18.7%.
d. The total debt reduced by $902 million (about 20.3%) from 2013 to 2017.
Notes to the 2017 Consolidated Financial Statements:
e. Finished products inventory for 2017 is:
= $525 million
f. Effective income tax rate for 2017:
= 31.4%
g. Net Sales for the Global Biscuits and Snacks segment for 2017 is:
= $2,598 million.
h. Market price range of common stock for the fourth quarter of 2017 is:
$59.51 to $67.89
Explanation:
a) Data and Calculations:
Fiscal Year 2017 2016 2015 2014 2013
(Millions, except per share amounts)
Summary of Operations
Net sales $7,890 $7,961 $8,082 $8,268 $8,052
Earnings before interest and taxes 1,400 960 1,054 1,267 1,474
Earnings before taxes 1,293 849 949 1,148 1,349
Earnings: continuing operations 887 563 666 774 934
Earnings (loss) from discontinued operations 81 (231)
Net earnings 887 563 666 855 703
Net earnings attributable to
Campbell Soup Company 887 563 666 866 712
Financial Position:
Plant assets - net $2,454 $2,407 $2,347 $2,318 $2,260
Total assets 7,726 7,837 8,077 8,100 8,290
Total debt 3,536 3,533 4,082 4,003 4,438
Total equity 1,645 1,533 1,377 2,602 2,192
Highest Growth in equity 18.7% (2014)
Per Share Data
Earnings from continuing operations attributable to
Campbell Soup Company - basic $2.91 $1.82 $2.13 $2.50 $3.00
Earnings from continuing operations attributable to Campbell Soup
Company - assuming dilution 2.89 1.81 2.13 2.48 2.97
Net earnings attributable to Campbell
Soup Company - basic 2.91 1.82 2.13 2.76 2.27
Net earnings attributable to Campbell Soup
Company- assuming dilution 2.89 1.81 2.13 2.74 2.25
Dividends declared 1.40 1.248 1.248 1.248 1.16
Other Statistics:
Capital expenditures $ 338 $ 341 $ 380 $ 347 $ 336
Weighted average shares
outstanding - basic 305 309 312 314 314
Weighted average shares outstanding
- assuming dilution 307 311 313 316 317
Total debt in 2013 = 4,438
Total debt in 2017 = 3,536
Change = 902
Percentage change = -20.3%
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.
A Master Limited Partnership (MLP) structure is limited to companies that receive 90% or more of their income from interest, dividends, real estate rents, gain from the sale or disposition of real property, income and gain from commodities or commodity futures, and income and gain from mineral or natural resources activities. True False
Answer:
True
Explanation:
Master limited partnership (MLP) is a publicly traded limited partnership.
MLP is a hybrid of a partnership and a corporation.
There are 2 types of partners in a MLP :
1. General partner : The general partner is engaged in the day to day running of the business. She has an unlimited liability.
2. Limited partner : the limited partner only contributes capital to the business. They are also known as silent partners
MLPs are treated as a limited partnership for tax purposes. A limited partnership has a pass through tax structure. To qualify for this pass through tax structure, MLPs must receive 90% or more of their income from interest, dividends, real estate rents, gain from the sale or disposition of real property, income and gain from commodities or commodity futures, and income and gain from mineral or natural resources activities.
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...
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
Explain how the following events will affect the demand and supply curves for large SUVs. In each case explain whether the demand and supply curves will (i) move to the left; (ii) move to the right; or (iii) not move. b. The price of gasoline increases i. (3 points) How will this affect the demand curve for the good listed above
Answer:
As a result of the increase in price, it would become more expensive to own and fuel a large SUV. this would lead to a reduction in demand for large SUVs. As a result of this, the demand curve for Large SUVs would shift to the left
Explanation:
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.
How can the business sector contribute more positively to the economy
Answer:
Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. Small businesses also help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations.
Explanation:
Hope it helps! Correct me if I am wrong :>
Im sure about my answer :>
If you dont mind can you please mark me as brainlest?
Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an eight-session class. From previous experience, you know that your firm follows an 85 percent learning rate. For this contract, it appears the effort will be substantial, running 50 hours for the first session. Your firm bills at the rate of $100/hour and the overhead is expected to run a fixed $600 per session. The finder will pay you a flat fixed rate per session. If your nominal profit margin is 20 percent, what will be the total bid price, the per session price, and at what session will you break even
Answer:
Answer is explained in the explanation section below.
Explanation:
To figure out the total bidding price, we must first figure out the total cost of all eight sessions.
To calculate the total expense, we must first determine the total number of hours required for each of the eight sessions.
Now that we know the learning rate is 85% and the first session took 50 hours, we can look up the coefficient of 8 under 85% in the learning curve table E3 and calculate it by the time spent on the first session. The average time taken for 8 sessions with an 85 percent learning curve would be the result.
Total time taken for 8 sessions = 50 x 5.936 (coefficient of 8 under 85% learning rate) = 296.8 = 297 hrs
Fixed cost = 600 x 8 = $4800
Variable cost = 100 x 297 = $29700
Total Cost = 29700 + 4800 = $34500
Total bid price = 34500 x 1.2 = $41400 (adding 20% profit margin on cost)
Price per session = 41400 / 8 = $5175
Break Even Session = 34500 / 5175
Break Even Session = 6.67
Hence, the total cost will be covered by the 7th session.
The conclusion details as below :
To know about the total bidding prices firstly we should know about the total cost of all the session.
We should know the number of hours provided to each Session .
As we all know the learning rates is 85% and the first beginning session took 50hrs, we can look up the coefficient of 8 under 85% in the learning curve table E3 and calculate it by the time spent on the first session
Total time taken for 8 sessions = 50 x 5.936 (coefficient of 8 under 85% learning rate) = 296.8 = 297 hrs
Fixed cost = 600 x 8 = $4800
Variable cost = 100 x 297 = $29700
Total Cost = 29700 + 4800 = $34500
Total bid price = 34500 x 1.2 = $41400 (adding 20% profit margin on cost)
Price per session = 41400 / 8 = $5175
Break Even Session = 34500 / 5175
Break Even Session = 6.67
So as per the above calculation , the cost will be covered by
the 7th Session.
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https://brainly.com/question/11105345
XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $35,000; 250 direct manufacturing labor-hours at $25 per hour; and a 30% markup rate on total manufacturing costs.
Estimated total product costs for this special order equal________
Answer:
Total production costs= $57,500
Explanation:
Giving the following information:
Estimated manufacturing overhead rate= $65 per direct manufacturing labor-hour.
Direct materials of $35,000
250 direct manufacturing labor-hours at $25 per hour
First, we need to allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 65*250= $16,250
Now, the total production costs:
Total production costs= 35,000 + 25*250 + 16,250
Total production costs= $57,500
The total sales of a product, by all competitors in the industry, is:____.a. highest in the introduction stage.b. lowest in the market maturity stage.c. highest in the sales decline stage.d. lowest in the market growth stage.e. lowest in the market introduction stage.
Answer:
The total sales of a product, by all competitors in the industry, is:____
e. lowest in the market introduction stage.
Explanation:
The product life cycle refers to the time period when a product is first introduced to a market until it exits the market. There are four main stages in a product life cycle. They include introduction, growth, maturity, and decline. It is during the introduction phase that the total sales are lowest. The low sales are witnessed again during the latter stage of decline. The highest sales are achieved during the maturity stage.
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
Tim Legler requires an estimate of the cost of goods lost by a fire on March 9. Merchandise on hand on January 1 was $38,490. Purchases since January 1 were $93,260; freight-in, $4,700; purchase returns and allowances, $3,000. Sales are made at 33 1/3% above cost and totaled $143,400 to March 9. Goods costing $12,120 were left undamaged by the fire; remaining goods were destroyed.(a) Compute the cost of goods destroyed.(b) Compute the cost of goods destroyed, assuming that the gross profit is 33 1/3% of sales. (Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to 0 decimal places, e.g. 28,987.)
Answer:
(a) Cost of goods destroyed = $13,780
(b) Cost of goods destroyed = $25,730
Explanation:
(a) Compute the cost of goods destroyed.
Markup = Percentage at which sales are made above cost = 33 1/3% = 33.33333%
Margin = Markup / (1 + Markup) = 33.33333% / (1 + 33.33333%) = 25%
Sales = Cost of goods sold * (100% + Markup) ............ (1)
Substituting relevant value into equation (1) and solve for Cost of goods sold, we have:
$143,400 = Cost of goods sold * (100% + 33.33333%)
Cost of goods sold = $143,400 / (100% + 33.33333%) = $107,550
Cost of goods available for sale = Merchandise on hand on January 1 + Purchases since January 1 + Freight-in + Purchase returns and allowances = $38,490 + $93,260 + $4,700 - $3,000 = $133,450
Closing stock = Cost of goods available for sale - Cost of goods sold = $133,450 - $107,550 = 25,900
Cost of goods destroyed = Closing stock - Cost of goods left undamaged = $25,900 - $12,120 = $13,780
(b) Compute the cost of goods destroyed, assuming that the gross profit is 33 1/3% of sales. (Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to 0 decimal places, e.g. 28,987.)
Margin = gross profit percentage of sales = 33 1/3% = 33.33333%
Markup = Margin / (1 - Margin) = 33.33333% / (1 - 33.33333%) = 50%
Sales = Cost of goods sold * (100% + Markup) ............ (1)
Substituting relevant value into equation (1) and solve for Cost of goods sold, we have:
$143,400 = Cost of goods sold * (100% + 50%%)
Cost of goods sold = $143,400 / (100% + 50%) = $95,600
Cost of goods available for sale = $133,450
Closing stock = Cost of goods available for sale - Cost of goods sold = $133,450 - $95,600 = 37,850
Cost of goods destroyed = Closing stock - Cost of goods left undamaged = $37,850 - $12,120 = $25,730