Towne Snow Removal's cost formula for its vehicle operating cost is $1,470 per month plus $399 per snow-day. For the month of November, the company planned for activity of 13 snow-days, but the actual level of activity was 9 snow-days. The actual vehicle operating cost for the month was $5,230. The vehicle operating cost in the flexible budget for November would be closest to:

Answers

Answer 1

Answer: $5061

Explanation:

The vehicle operating cost in the flexible budget for November would be calculated as:

= Fixed cost + (Variable cost per unit × Quantity)

= $1470 + ($399 × 9)

= $1470 + $3591

= $5061

Therefore, the vehicle operating cost in the flexible budget for November would be closest to $5061.


Related Questions

Selected transactions for Therow Corporation during its first month in business are presented below.

Sept. 1 Issued common stock in exchange for $20,000 cash received from investors.
5 Purchased equipment for $9,000, paying $3,000 in cash and the balance on account.
8 Performed services on account for $18,000.
14 Paid salaries of $1,200.
25 Paid $4,000 cash on balance owed for equipment.
30 Paid $500 cash dividend.

Required:
a. Prepare a tabular analysis of the transactions.
b. Journalize the transactions. Do not provide explanations.
c. Post the transactions to T-accounts.

Answers

Answer:

Therow Corporation

a) Tabular Analysis of Transactions:

Assets                      =       Liabilities              +       Equity

1. Cash $20,000      =                                     +      Common Stock $20,000

2. Cash -$3,000

Equipment $9,000  =      $6,000

3. Accounts

Receivable $18,000 =                                     +    Retained Earnings $18,000

4. Cash -$1,200                                               +    Retained Earnings -$1,200

5. Cash -$4,000             -$4,000

6. Cash -$500                                                 +    Retained Earnings -$500

b. Sept. 1:

Debit Cash $20,000

Credit Common Stock $20,000

Sept. 5:

Debit Equipment $9,000

Credit Cash $3,000

Credit Accounts Payable $6,000

Sept. 8:

Debit Accounts Receivable $18,000

Credit Service Revenue $18,000

Sept. 14:

Debit Salaries Expense $1,200

Credit Cash $1,200

Sept. 25:

Debit Accounts Payable $4,000

Credit Cash $4,000

Sept. 30:

Debit Dividends $500

Credit Cash $500

c. T-accounts:

Cash

Account Titles       Debit     Credit

Common Stock  $20,000

Equipment                          $3,000

Salaries Expense                  1,200

Accounts payable                4,000

Dividends                                500

Accounts Receivable

Account Titles       Debit     Credit

Service Revenue $18,000

Common Stock

Account Titles       Debit     Credit

Cash                                   $20,000

Equipment

Account Titles       Debit     Credit

Cash                     $3,000

Accounts payable 6,000

Accounts Payable

Account Titles       Debit     Credit

Equipment                        $6,000

Cash                    $4,000

Service Revenue

Account Titles       Debit     Credit

Accounts receivable         $18,000

Salaries Expense

Account Titles       Debit     Credit

Cash                     $1,200

Dividends

Account Titles       Debit     Credit

Cash                      $500

Explanation:

a) Data and Analysis:

Sept. 1: Cash $20,000 Common Stock $20,000

Sept. 5: Equipment $9,000 Cash $3,000 Accounts Payable $6,000

Sept. 8: Accounts Receivable $18,000 Service Revenue $18,000

Sept. 14: Salaries Expense $1,200 Cash $1,200

Sept. 25: Accounts Payable $4,000 Cash $4,000

Sept. 30: Dividends $500 Cash $500

Finch Modems has excess production capacity and is considering the possibility of making and selling paging equipment. The following estimates are based on a production and sales volume of 1,600 pagers. Unit-level manufacturing costs are expected to be $26. Sales commissions will be established at $1.60 per unit. The current facility-level costs, including depreciation on manufacturing equipment ($66,000), rent on the manufacturing facility ($56,000), depreciation on the administrative equipment ($13,800), and other fixed administrative expenses ($74,950), will not be affected by the production of the pagers. The chief accountant has decided to allocate the facility-level costs to the existing product (modems) and to the new product (pagers) on the basis of the number of units of product made (i.e., 5,600 modems and 1,600 pagers). Required a. Determine the per-unit cost of making and selling 1,600 pagers. (Do not round intermediate calculations. Round your answer to 3 decimal places.) b. Assuming the pagers could be sold at a price of $40 each, should Finch make the pagers

Answers

Answer:

a). Per unit cost = $ 159.31

b). Yes, Finch Modems should make the pagers.

Explanation:

a). Facility level cost proposed to be allocated to the pager line

[tex]$=\frac{1600}{5600+1600} \times (66,000+56,000+13,800+74,950)$[/tex]

= 0.22 + 210750

= $ 210750.22

Facility cost per unit of pager = [tex]$\frac{210750.22}{1600}$[/tex] = $ 131.71

Cost per unit of pager = $ 26 + $ 1.60 + $ 131.71

                                     = $ 159.31

b). At the selling price of $ 40 per unit, the pager line will result in an operational loss, the profit for the company as a whole will increase if it decides to manufacture the pagers.

Contribution margin per unit of pager = $ 40 - ( $ 26 + $ 1.60)

                                                               = $ 15.6

Total contribution margin per unit of pager = 1600 x $ 15.6

                                                                        = $ 24,960

The net operating income for the company would increase by $ 24.960 if the pagers are added to its product portfolio.

Hence Finch Modems should make the pagers.

Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respectively; after the second year, FCF is expected to grow at a constant rate of 5%. The company's weighted average cost of capital is 16%. What is the terminal, or horizon, value of operations? (Hint: Find the value of all free cash flows beyond Year 2 discounted back to Year 2.) Round your answer to the nearest cent. $ Calculate the value of Kendra's operations. Do not round intermediate calculations. Round your answer to the nearest cent. $

Answers

Answer:

$856,376.30

Explanation:

What is the terminal, or horizon, value of operations?

2 years, FCF 1 = 80,000, FCFC 2 = 100,000, Growth rate= 5%, WACC = 16%

==> 100,000*(1+0.05)/(0.16-0.05)

==> 100,000*(1.05/0.11)

==> 100,000*(9.545454(

==> 954,545

Calculating the value of Kendra's operations.

Years  Cash-flows   PVF at 16%    Present value

1           800,000       0.86206         68964.80

2          105,000        0.74316           78031.80

2          954,545        0.74316           709379.70

            Total value                           856,376.30

Financial analysis Group of answer choices uses historical financial statements and is thus useful only to assess past performance uses historical financial statements and is thus useful only to assess past performance uses historical financial statements to measure a company's performance and in making financial projections of future performance. is accounting record-keeping using generally accepted accounting principles

Answers

Answer:

uses historical financial statements to measure a company's performance and in making financial projections of future performance.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Financial analysis uses historical financial statements to measure a company's performance and in making financial projections of future performance.

In Financial accounting, the horizontal financial analysis can be defined as an analysis and evaluation of a financial statement which illustrates or gives information about changes in the amount of corresponding financial statement items, benchmarks or financial ratio over a specific period of time. It is one of the most important technique that is used to measure how a business is doing financially. Hence, it is also referred to as the trend analysis.

Under the horizontal analysis of financial statement, we use the financial statements of two or more periods; earliest and latter periods.

Generally, the earliest is chosen as the base period while all other items on the statement for a latter period will be compared with the items on the statement of the base period.

Seeing a movie at a theatre would be considered a(n)
want.
O unlimited
O economic
noneconomic
limited

Answers

Answer:

economic

Explanation:

pls mark me brainliest right

A company with various segments (referred to as "divisions") is considering whether to drop its Orange County division. For each the costs described below, indicate whether the cost is avoidable or unavoidable by choosing the related drop-down menu item.
1. Wages paid to the Orange County division employees who work directly for this division and will be discharged if the division is dropped.
2. General administrative expenses allocated to the Orange County division on the basis of sales dollars.
3. Depreciation expense on previously purchased machinery that is used in the Orange County division; the machinery will have no other use or resale value if the division is dropped.
4. Rent paid for the building that houses only the Orange County division.
5. The amount of rent paid to lease a private jet for use by the company's management that is allocated to the Orange County division.

Answers

Answer:

1. Avoidable.

These wages are avoidable because they will stop being paid if the division is dropped.

2. Unavoidable.

These are general administrative expenses which means that they will still be incurred regardless of if the division is dropped. They are therefore unavoidable.

3. Unavoidable.

As the machine has no other use or resale value if the division is dropped, the depreciation expense will still be incurred even if the division is dropped so this cost is unavoidable.

4. Avoidable.

Company will no longer have to pay rent if the division is dropped so this expense is an avoidable cost.

5. Unavoidable.

This cost will still be incurred by the company regardless of if the division is dropped because it is an administrative cost at company level. It is therefore unavoidable.

Item8 4 points Time Remaining 44 minutes 36 seconds00:44:36 Item 8 Time Remaining 44 minutes 36 seconds00:44:36 Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 180,000 Permanent differences (15,000 ) 165,000 Temporary difference-depreciation (12,000 ) Taxable income $ 153,000 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 $ 13,000 As of December 31, 2021 $ 25,000 The enacted tax rate was 25% for 2020 and thereafter. What should Kent report as the current portion of its income tax expense in the year 2021

Answers

Answer: $38,250

Explanation:

Current portion of tax is the amount of tax payable on the current taxable income:

= Taxable income * tax rate

= 153,000 * 25%

= $38,250

On October 1, 2018, Jarvis Co. sold inventory to a customer in a foreign country, denominated in 100,000 local currency units (LCU).Collection is expected in four months. On October 1, 2018, a forward exchange contract was acquired whereby Jarvis Co. was to pay 100,000 LCU in four months (on February 1, 2019) and receive $78,000 in U.S. dollars. The spot and forward rates for the LCU were as follows:
Rate DescriptionExchange Rate .83-1 LCU 5.85 1 LCU Spot rate: Spot rate: 1-Month Forward Rate $.be = 1 LCU Spot rate: October 1, 2018 December 31, 2018 February 1, 2019 .86 1 LCU The,company's borrowing rate is 12%. The present value factor for one month is .9901. Any discount or premium on the contract is amortized using the straight-line method , Assuming this is a cash flow hedge:
prepare journal entries for this sales transaction and forward contract.

Answers

Answer:

10/1/2018

Dr Accounts receivable $83,000

Cr Sales $83,000

12/31/2018

Dr Accounts receivable $2,000

Cr Foreign exchange gain $2,000

12/31/2018

Dr Loss on forward contract $1,980

Cr Forward contract $1,980

2/1/2018

Accounts receivable $1000

Cr Foreign exchange gain $1000

2/1/2018

Dr Loss on forward contract $6,020

Cr Forward contract $6,020

2/1/2018

Dr Foreign currency

$86,000

Accounts receivable $86,000

2/1/2018

Dr Cash $78,000

Dr Forward contract $8,000

Cr Foreign currency $86,000

Explanation:

Preparation of the journal entries for the sales transaction and forward contract.

10/1/2018

Dr Accounts receivable (100000*0.83) $83,000

Cr Sales $83,000

12/31/2018

Dr Accounts receivable $2,000

[100,000*(0.85-0.83)]

Cr Foreign exchange gain $2,000

12/31/2018

Dr Loss on forward contract $1,980

[((0.80-0.78)*100000)*2000*0.9901]

Cr Forward contract $1,980

2/1/2018

Accounts receivable $1000

[100000*(0.86-0.85)]

Cr Foreign exchange gain $1000

2/1/2018

Dr Loss on forward contract $6,020

(78000/100000 = 0.78)

[ ((0.78-0.86)*100000) = 8000-1980=6020]

Cr Forward contract $6,020

2/1/2018

Dr Foreign currency (100000*0.86)

$86,000

Accounts receivable $86,000

2/1/2018

Dr Cash $78,000

Dr Forward contract $8,000

($86,000-$78,000)

Cr Foreign currency (100000*0.86) $86,000

On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment during the current year.

Required:
Complete the necessary December 31 journal entry.

Answers

Answer:

December 31

Debit : Depreciation   $1,800

Credit : Accumulated Depreciation $1,800

Explanation:

Straight line method charges a fixed amount of depreciation based on the formula :

Depreciation Expense = Cost - Salvage Value ÷ Estimated Useful Life

Depreciation Expense = ($10,000 - $1,000) ÷ 5 = $1,800

At December 31, 2020, Albrecht Corporation had outstanding 228,000 shares of common stock and 10,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2021, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2021. For the year ended December 31, 2021, Albrecht reported a net loss of $187,000.

Required:
Calculate Albrecht's net loss per share for the year ended December 31, 2021.

Answers

Answer: ($1.20) per share

Explanation:

As these are cumulative preferred shares, their dividends will have to be paid eventually so they will add to the net loss.

Preferred dividend = 10,000 * 9.5% * 100

= $95,000

The weighted average number of shares is also needed:

Stock was sold on May 31 thereby leaving 7 months in the year.

= 228,000 + (12,000 * 7/12)

= 235,000 common shares

Net loss per share = (187,000 + 95,000) / 235,000

= ($1.20) per share

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $401,400; materials of $413,000 and direct labor of $223,000. During the year Adams incurred $424,000 in materials costs, $418,900 in overhead costs and $227,000 in direct labor costs. Compute the amount of under- or overapplied overhead for the year.

Answers

Answer:

an under applied of $10,300

Explanation:

The computation of the over applied or under applied is shown below;

Difference in overhead = Actual overhead - applied overhead

= $418,900 - ($227,000 × ($401,400 ÷ $223,000))

= $418,900 - $408,600

= $10,300

Since actual overhead is more than the applied overhead so it is an under applied of $10,300

Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $420,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%. Each share of preferred stock is convertible into four shares of common stock. What is Rudyard's diluted EPS (rounded)

Answers

Answer:

$2.73

Explanation:

Diluted Earnings Per Share = Earnings Attributed to Common Stockholders ÷ Weighted Average Number of Common Stockholders Outstanding

where,

Earnings Attributed to Common Stockholders = $420,000

and

Weighted Average Number of Common Stockholders Outstanding = 110,000 + (11,000 x 4) = 154,000

therefore,

Diluted Earnings Per Share = $420,000 ÷ 154,000 = $2.73

Conclusion

Rudyard's diluted EPS is $2.73

Santana Rey receives the March bank statement for Business Solutions on April 11, 2018. The March 31 bank statement shows an ending cash balance of $67,666. A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following.
S. Rey notices that the bank erroneously cleared a $530 check against her account in March that she did not issue. The check documentation included with the bank statement shows that this check was actually issued by a company named Business Systems.
On March 25, the bank lists a $59 charge for the safety deposit box expense that Business Solutions agreed to rent from the bank beginning March 25.
On March 26, the bank lists a $103 charge for printed checks that Business Solutions ordered from the bank.
On March 31, the bank lists $31 interest earned on Business Solutions’s checking account for the month of March.
S. Rey notices that the check she issued for $138 on March 31, 2018, has not yet cleared the bank.
S. Rey verifies that all deposits made in March do appear on the March bank statement.
The general ledger Cash account, No. 101, shows an ending cash balance per books of $68,189 as of March 31 (prior to any reconciliation).
Required:
1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2018.
BUSINESS SOLUTIONS
Bank Reconciliation
March 31, 2018
Bank statement balance Book balance
Add: Add:
Deduct: Deduct:
Adjusted bank balance Adjusted book balance
2. Prepare any necessary adjusting entries. Use Miscellaneous Expenses, for any bank charges. Use Interest Revenue, for any interest earned on the checking account for the month of March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Record journal entry related to the $530 check charged erroneously to Business Solutions' account, if any.
Record the journal entry related to the $59 debit memorandum, if any.
Record the journal entry related to the $103 debit memorandum for printed checks.
Record the journal entry for the $31 interest earned.
S. Rey verifies that all deposits made in March do appear on the March bank statement.

Answers

Answer:

See below

Explanation:

Bank reconciliation statement

1.

Bank balance statement

$67,666

Add:

Bank error

$530

Deduct:

Outstanding check

($138)

Adjusted bank balance

$68,058

Cash book balance

$68,189

Add:

Bank interest

$31

Deduct:

Safety deposit rental

($59)

Charge for checks

($103)

Adjusted cash balance

$68,058

2. Journal entries

March-31 Cash a/c Dr $530

To Bank errors Cr $530

March-31 Outstanding checks a/c Dr $138

To Cash Cr $138

March-31 Miscellaneous expense a/c Dr $162

To Cash Cr $162

March-31 Cash a/c Dr $31

To Interest revenue Cr $31

On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for Georgia-Atlantic to make semiannual lease payments of $559,946 over a four-year lease term, payable each June 30 and December 31, with the first payment at June 30, 2021. Georgia-Atlantic's incremental borrowing rate is 10%, the same rate IC uses to calculate lease payment amounts. Amortization is recorded on a straight-line basis at the end of each fiscal year. The fair value of the equipment is $3.8 million. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Required:
1. Determine the present value of the lease payments at June 30, 2021 that Georgia-Atlantic uses to record the right-of-use asset and lease liability.
2. What pretax amounts related to the lease would Georgia-Atlantic report in its balance sheet at December 31, 2021?
3. What pretax amounts related to the lease would Georgia-Atlantic report in its income statement for the year ended December 31, 2021?
(For all requirements, enter your answers in whole dollars and not in millions. Round your final answers to the nearest whole dollar.)
1. Present value
2. Pretax amount for liability Pretax amount for right-of-use asset
3. Pretax amount for interest expense Pretax amount for amortization expense

Answers

Answer:

1. $3,800,001

2. Pretax amount of liability $2,842,112

Pre tax amount of right to use asset $3,325,000

3. Pre tax amount of interest expense $162,003

Pre tax amount of amortization expenses $475,000

Explanation:

1. Calculation for the Present value

Using this formula

PV of minimum lease payments used to record right to use assets = Semi Annual lease payments * Cumulative PV Factor of annuity due for 8 periods at 5%

Where,

Semiannual lease payment = $559,946

Total semiannual payments = 4*2 = 8

Incremental borrowing rate = 10%, 5% semiannual

Let plug in the formula

PV of minimum lease payments used to record right to use assets= $559,946 * 6.78637

PV of minimum lease payments used to record right to use assets= $3,800,001

Therefore the Present value will be $3,800,001

2. Calculation for the Pretax amount for liability and Pretax amount for right-of-use asset

Calculation for Pretax amount of liability

First step is to calculate the Pretax amount of liability on 30.06.2021

Pretax amount of liability on 30.06.2021 = ($3,800,001 - $559,946)

Pretax amount of liability on 30.06.2021= $3,240,055

Second step is to calculate the Interest expense for 31.12.2021

Interest expense for 31.12.2021 = $3,240,055 * 5%

Interest expense for 31.12.2021= $162,003

Now let calculate the Pre tax amount for liability December 31, 2021

Pre tax amount for liability December 31, 2021 = $3,240,055 + $162,003 - $559,946

Pre tax amount for liability December 31, 2021= $2,842,112

Therefore The Pre tax amount for liability December 31, 2021 will be $2,842,112

Calculation for Pre tax amount of right to use asset

First step is to calculate the Depreciation on right to use assets for 2021

Depreciation on right to use assets for 2021 = $3,800,000 / 4 * 6/12

Depreciation on right to use assets for 2021 = $475,000

Now let calculate the Pre tax amount of right to use asset to be reported for 2021

Pre tax amount of right to use asset to be reported for 2021 = $3,800,000 - $475,000

Pre tax amount of right to use asset to be reported for 2021 = $3,325,000

Therefore Pre tax amount of right to use asset to be reported for 2021 will be $3,325,000

3. Calculation for Pretax amount for interest expense Pretax amount for amortization expense

Calculation for Pretax amount for interest expense

Pre tax amount of interest expense = $3,240,054 * 5%

Pre tax amount of interest expense= $162,003

Therefore the Pre tax amount of interest expense will be $162,003

Calculation for Pre tax amount of amortization expenses

Pre tax amount of amortization expenses = $3,800,000 / 4 * 6/12

Pre tax amount of amortization expenses = $475,000

Therefore The Pre tax amount of amortization expenses will be $475,000

Lauer Corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: Date Transaction Number of Units Cost per Unit 1/1 100 $ 800 5/5 Purchase 200 $ 900 8/10 Purchase 300 $ 1,000 10/15 Purchase 200 $ 1,100 During the year, Lauer sold 750 laptop computers. What was cost of goods sold using the LIFO cost flow assumption

Answers

Answer:

$740,000

Explanation:

LIFO assumes that the recent goods bought will be sold first. The Cost of Goods Sold is then calculated on the cost of the recent goods bought.

Cost of Goods Sold = 200 x $1,100 + 300 x $1,000 + 200 x $900 + 50 x $800

                                  = $740,000

Therefore,

Cost of goods sold using the LIFO is $740,000.

Kelsey's Kleening provides cleaning services for Clinton Inc., a business with four buildings. Kelsey's assigned different cleaning charges for each building based on the amount of square feet to be cleaned. The charges for the four buildings are $35,000, $27,000, $45,000, and $10,000. Clinton secured this amount by signing a note bearing 7% interest on March 1, 2019.

Required:
a. Prepare the journal entry to record the sale on March 1, 2019.
b. Determine how much interest Kelsey will receive if the note is repaid on December 1, 2019.
c. Prepare Kelsey's journal entry to record the cash received to pay off the note and interest on December 1, 2019.

Answers

Answer:

A. Dr Note receivable $117,000

Cr Sales revenue $117,000

B. $6,143

C. Dr Cash $123,143

Cr Interest revenue $6,143

Cr Note receivable $117,000

Explanation:

A. Preparation of the journal entry to record the sale on March 1, 2019.

Dr Note receivable $117,000

Cr Sales revenue $117,000

($35,000+ $27,000+ $45,000+$10,000)

B. Calculation to Determine how much interest Kelsey will receive if the note is repaid on December 1, 2019.

Using this formula

Interest = Face value * interest rate *n/12

Note is outstanding for period of 1 March -1Dec 2019 = 9 months

Let plug in the formula

Interest = $117,000 *.07 *9/12

Interest = $6,143

C. Preparation of Kelsey's journal entry to record the cash received to pay off the note and interest on December 1, 2019.

Dr Cash $123,143

($117,000+$6,143)

Cr Interest revenue $6,143

Cr Note receivable $117,000

Psychologists have observed that: Multiple Choice once investors have made a loss, they become much more willing to take risks. investors tend to place too much faith in their ability to spot mispriced stocks. when forecasting the future, people tend to place too little weight on recent events. investors like stocks of companies whose names begin with letters that occur early in the alphabet.

Answers

Answer:

investors tend to place too much faith in their ability to spot mispriced stocks.

Explanation:

Risk management can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits. This ultimately implies that, risk management involves prioritizing course of action or potential threats in order to mitigate the risk that are likely to arise from such business decisions.

Psychologists have observed that investors tend to place too much faith in their ability to spot mispriced stocks.

This ultimately implies that, investors usually feel they can tell a mispriced stock caused by the behavior of market participants.

What are some possible explanations for why these loans are popular despite the fact that they create a cycle of debt for many borrowers?

Answers

The loan that created a habit was the $55 fee when asking for an extension . Some possible explanations for this cycle is when a borrower would rather pay $55 than what we're asking.

an installment loan would most likely be issued by which of the following?
A) a bank
B) a car dealer
C) a mortgage broker
D) a furniture store ​

Answers

/Answer: A because you have to pay it back.

Explanation:

n the hybrid method is used to record the withdrawal of a partner, the partnershipMultiple Choicerevalues assets and liabilities and records goodwill to the continuing partner but not to the withdrawing partner.revalues liabilities but not assets, and no goodwill is recorded.can recognize goodwill but does not revalue assets and liabilities.revalues assets but not liabilities, and records goodwill to the continuing partner but not to the withdrawing partner.revalues assets and liabilities but does not record good

Answers

Answer:

revalues assets and liabilities but does not record goodwill.

Explanation:

A partnership can be defined as a type of business ownership in which two or more individuals come together to start up a business and share the profits made together.

When the hybrid method is used to record the withdrawal of a partner, the partnership revalues assets and liabilities but does not record goodwill.


Helppppp pleaseeee!!!!!!!!!

Answers

Job description is the right answer

Identify which situation will lead to a fall in the net exports.

a.
More government spending than taxation

b.
More taxation than government spending

c.
More exports than imports

d.
More imports than exports
Help Fast please ​

Answers

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Answer:

Use the drop-down menus to answer the questions.

In this circular flow mode, what does the letter A present?

✔ financial sector

What does the letter B represent?

✔ government sector

What does the letter C represent?

✔ foreign sector

What does the letter D represent?

✔ leakages

Explanation:

got it right on edge

Steve and Craig have been shipwrecked on a deserted island in the South Pacific. Their economic activity consists of either gathering pineapples or fishing. We know Steve can catch four fish in one hour or harvest two baskets of pineapples. In the same time Craig can reel in two fish or harvest two baskets of pineapples. Assume Craig and Steve both operate on straight-line production possibilities curves. What is Steve's opportunity cost of producing a basket of pineapples

Answers

Answer:

His opportunity cost of a basket of pineapples is 2 fish

Explanation:

Opportunity cost is defined as the forgone alternative that a person must make when he makes a decision to do something.

So in economics apart from the cost of a product being purchased there is also consideration of the alternative that was ignored.

In the given scenario there are two activities they undertake. That is gathering pineapples or fishing.

Steve can either catch four fish or gather two baskets of pineapples in one hour.

This can be simplified as:

2 baskets of pineapples ÷ 4 fish = 1 basket of pineapples per 2 fish

So if Steve gathers 1 basket of pineapples he is letting go of opportunity to get 2 fishes

The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.4 million, and the 2018 balance sheet showed long-term debt of $6.6 million. The 2018 income statement showed an interest expense of $225,000. During 2018, the company had a cash flow to creditors of $25,000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,490,000, and that the firm reduced its net working capital investment by $93,000. What was the firm’s 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Answers

Answer:

$1,452,000

Explanation:

Calculation for the firm’s 2018 operating cash flow

First step is to calculate the Cash flow from assets using this formula

Cash flow from assets= Cash flow to creditors + Cash flow to stockholders

Let plug in the morning

Cash flow from assets=-$25,000 + $80,000= $55,000

Now let calculate Cash flow from assets using this formula

Cash flow from assets = OCF capital - Net capital spending-Change in Net Capital spending

Let plug in the formula

$55,000=OCF-$1,490,000-($93,000)

OCF=$1,490,000+$55,000-$93,000

OCF=$1,452,000

Therefore the firm’s 2018 operating cash flow is $1,452,000

Your regular selling price is $40 per unit. Costs are $28 per unit, which consists of $8 direct materials per unit, $10 direct labor per unit, $4 variable overhead per unit, and $6 fixed overhead per unit. Sales are low because of a recession. A large retail chain offered to buy 1,000 units from you at a discounted price of $28. Assume that you have enough spare capacity to fulfill this order. If you accept the special order in the short term, profit will Group of answer choices increase by $6,000 decrease by $12,000 decrease by $6,000 remain the same increase by $12,000

Answers

Answer:

Effect on income= $6,000 increase

Explanation:

Because there is an unused capacity and it is a special order, we will not take into account the fixed costs.

Effect on income= total contribution margin

Unitary variable cost= 8 + 10 + 4= $22

Effect on income= 1,000*(28 - 22)

Effect on income= $6,000 increase

A cell-phone repair shop consists of three processes. Step 1 requires 6 minutes per unit, step 2 requires 5 minutes per unit and step 3 requires 7 minutes per unit. 30% of units that complete the third step require rework, which means those units must start the process over at step 2 (processing times are the same for units being reworked) and rework is always successful. Demand at the shop is 0.5 units per minute Instruction: Round your answer to three decimal places What is the capacity of the shop in units per units per minute)?

Answers

Answer:

Step 2 = 6 minutes

Step 2 = 5 minutes

Step 3 = 7 minutes

30 percent of 3 needs rework

Total time = 6+5+7 = 18 minutes

We start over from step 2

5+7 = 12

0.3 x 12 = 3.6 minutes

Total time = 18 + 3.6 = 21.6 minutes

Units per minute = 1/21.6 = 0.046

This is the capacity

Joe Corporation produces and sells two products. In the most recent month, Product C90B had sales of $19,950 and variable expenses of $5,985. Product Y45E had sales of $26,190 and variable expenses of $10,476. The fixed expenses of the entire company were $17,000. If the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company:

Answers

Answer:

Decrease

Explanation:

Calculation to determine overall break-even point for the entire company

Contribution margin for C90B = ($19,950-

$5,985)/$19,950

Contribution margin for C90B = 70%

Contribution margin for Y45E =( $26,190- $10,476)/$26,190

Contribution margin for Y45E= 60%

Therefore Based on the above calculation if the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company

Would DECREASE reason been that C90B have more contribution margin ratio of 70% compare to Y45E which had contribution margin ratio of 60%

You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving the insurance proceeds. You can receive a one-time cash of $200,000 today or receive payments of $1,400 a month starting at the end of this month for 20 years. Assuming the APR is 6 percent with monthly compounding, which option should you take and why

Answers

Answer:

Option 1 PV lumpsum = $200000

Option2 PV of Annuity = $195413.08035 rounded off to $195413.08

Based on the present value of both the options, Option 1 should be chosen as it has a higher present value than option 2.

Explanation:

To decide on the best option to choose among the given two, we need to find the present value of both the options.

As the first option is to receive a lumpsum payment of $200000 today, the present value of this option is also equal to $200000 as it will be received today.

Option two, on the other hand, is an annuity as fixed payments will be received after equal intervals of time and for a limited time period and at the end of the period which satisfies the criteria of annuity ordinary. We will use the formula for the present value of annuity which is,

PV of Annuity = C * [( 1 - (1+r)^-n) / r]

Where,

C is the periodic paymentr is the rate of return of discount raten is the number of periods

The periodic payment is provided as $1400. We are also provided with and APR of 6% which is the Annual rate. We will have to convert it into monthly rate by dividing it by 12. We are also provided with the number of years which we will need to convert into number of months by multiplying it by 12.

Monthly r = 6%/12 = 0.5%

Number of periods = 20 * 12 = 240

PV of Annuity = 1400 * [( 1 - (1+0.5%)^-240) / 0.5%]

PV of Annuity = $195413.08035 rounded off to $195413.08

Suppose the labor force stays​ constant, and the working age population stays​ constant, but some people who were unemployed become employed. As a​ result, the labor force participation rate will A. not change in way that can be predicted. B. remain constant. C. decrease. D. increase.

Answers

Answer:

b

Explanation:

Labour force is the sum of the employed and the unemployed in the economy.

Labour force participation rate is

Sheila and her team members have been allocated a new project. As a team leader, which quality should Sheila demonstrate so that her team members are clear on the team goals they need to achieve?
Sheila needs to demonstrate effective
to be able to convey the team goals to her team members.

Answers

Answer:

she needs to demostrate effective leadership and sportsman shop and that all starts with trust. To be clear on the goals they must list their goals 1st and work for them in order to persue them imma athlete and i do that a lot

Explanation:

Answer:

Sheila nerds to demonstrate good communication skittles

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