Explanation:
Strategic planning is essential for a company to be well positioned in the market and achieve success. However, more than planning, it is necessary to carry out the actions that will lead the company to achieve its objectives.
An example of a leader who knew how to effectively execute his strategies and make his company globally recognized was Steve Jobs. He wanted to create pioneering products in technological innovation and that at the same time had a focus on the needs and desires of the consumer, in addition to the central functionalities, Apple devices combined characteristics that differentiated them from their competitors, bringing a whole concept behind the brand, combining technology, innovation, design and other elements that transfer value to the product and position the brand in the market.
The greatest examples of business that can be learned from Steve Jobs is to keep the focus on innovation and customer loyalty, combining simplicity for the use of computers and cell phones with a high quality that has become a reference.
Discuss why it is important to establish control on the R chart first when using and R control charts to bring a process into statistical control.
Answer:
See below
Explanation:
The importance of establishing control in this case stems from the fact that as the points in these type of charts exceed beyond the set limits, it is possible that those points get eliminated and a revised value of R can be obtained. Accordingly, the limits and the center line also get revised on an R chart and x chart. This also allows for the limits to get tighter on both of the charts.
20.Assume that you just graduate and get a job. You will work for 40 years and save each year before you retire. During retirement you plan to receive a pension annuity of $100,000 each year for another 40 years. How much money will you need to have at the moment you retire? How much money do you need to save every year before retirement? Assume the interest rate is always 8%. Before retirement, you deposit your saving at the end of each year. During retirement, you receive the annuity at the beginning of each year
Answer:
How much money will you need to have at the moment you retire?
$1,287,858How much money do you need to save every year before retirement?
$4,971.33Explanation:
we have to first determine the amount of money you need to finance your retirement distributions:
using the annuity due present value formula, PV = annuity payment x annuity due factor (PV, 8%, n = 40)
PV = $100,000 x 12.87858 = $1,287,858
now we must use the ordinary annuity future value formula, FV = annuity payment x annuity factor (FV, 8%, n = 40)
annuity payment = FV / annuity factor = $1,287,858 / 259.057 = $4,971.33
Read "Knowledge and Globalization" on page 375 in the textbook. Should governments take measures, legal or otherwise, that protect their economic advantages? Should they penalize companies that offshore manufacturing jobs? Should they forbid the sale of know-how to other countries? Should they adopt the Venetian model, or should we look at the world as one large economy for each worker where each organization should compete for a piece of the pie regardless of national borders - so that consumers everywhere can enjoy products of the highest quality for the lowest possible price?
Answer:
Explanation:
(A)
Governments should take measures -legal, fiscal, monetary, social, etc - to protect their economic advantages.
This is the reason for Ministers of Finance. A country should know the goods and services in which it has competitive advantage of production or supply or quality. The government should develop policies and tactics to protect this advantage.
(B)
Governments should only seldom penalize companies that offshore manufacturing jobs. Why? Because sometimes, it is necessary to offshore manufacturing jobs. Foreigners might have the exact expertise needed in that field. If the government however feels that foreigners are gaining traction in that sphere of the economy, they can create an avenue for their citizens to be equipped with the expertise.
(C)
No. Governments should not forbid the sale of know-how to other countries. The government should or could set a 'price floor' that is high, as the minimum amount at which the knowledge is to be sold. Sale of technological know-how is an important source of revenue so it should be encouraged.
(D)
Governments should adopt the Venetian Model.
Each of the following are types of__________allocation methods:
plantwide rate method, departmental overhead rate method and activity-based costing method.
Answer:
Each of the following are types of Overheads allocation methods.
Explanation:
Factory overheads such as rent, electricity or water can not be traced directly to a cost object.
When determining the cost of a cost object these overheads are apportioned to departments they pass through for processing or the actual job using an allocation method.
The common methods for allocating overheads are plant-wide rate method, departmental overhead rate method and activity-based costing method.
A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is called a(n):
Answer: Sunk cost
Explanation:
A sunk cost is a cost that an individual, firm or the government has already incurred and therefore can't be recovered anymore.
For example, marketing campaign expenses, rent or the money that is spent on purchasing new equipment can all be referred to as sunk costs as they are past cost and can't be recovered again.
In cell K2 enter a formula using the IF and OR functions, as well as structured references to determine if Alison Simoneau can be a supervisor
A. Tbe IF function should first determine if the staff member's Service Years is greater than 5 OR if the staff member's college graduate status is "Yes". Remember to use a structured reference to the Service Years and the College Graduate columns.
B. The function should return the text Yes if a staff member meets one or both of those criteria.
C. The function should return the text No if a staff member meets neither of those criteria. tsor and have conlelea Academic Technology training.
Answer:
Enter the following formula in a cell K2:
=IF(OR([at[College Graduate]]="Yes",[at[Service Years]]>5),"Yes","No")
Please replace "at" in the formula with its symbol.
Explanation:
The formula has an IF function which checks a condition.
There are two conditions here to be checked:
A) if the staff member's Service Years is greater than 5.
B) if the staff member's college graduate status is "Yes".
According to the given criteria this IF function should return Yes if a staff member meets one OR both of the above mentioned criteria. Otherwise the function should return No.
This means if any one of the criteria evaluates to true then the text Yes is returned. For example if staff member's Service Years is greater than 5, then function returns Yes. For instance if staff member is a college graduate which means that his college graduate status is "Yes", then the function returns Yes.
The function still returns if either of the two criteria is true. For instance if staff member's Service Years is less than 5 but staff member's college graduate status is "Yes" then the function returns Yes.
However if neither the staff member's Service Years is greater than 5 nor the staff member's college graduate status is "Yes" then the function returns No.
So we use OR function here which with IF function so that the IF function returns true if either of the two criteria is met, otherwise returns false. This takes the form:
IF(OR(Argument 1 is True, Argument 2 is True), YES if True, NO if False)
Also there is at symbol used in the formula. Square brackets are used for structured references. They make clear and easier to reference. Structure reference is used if we want to use a table name in a formula such that we used in this IF OR formula, instead of a normal cell reference. "at" is used to refer only the mentioned/current rows or cells in the table. If you do not use this at then all the columns will be selected. For example [at[Service Years]]>5 is a reference to the cell in the Service Years at the current row. But [[Service Year]] is a reference to the entire column. So only those cells are checked where the Service Year is greater than 5.
Please replace the at word in the formula with its symbol.
On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $66,200. The band estimates it will use this equipment for five years. It estimates that after five years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years. The salvage value remains unchanged. Compute the revised depreciation for both the second and third years.
Answer:
$25,680
Explanation:
For the computation of revised depreciation for both the second and third years first we need to follow some steps which are shown below:-
Depreciation cost = Cost - Salvage value
= $66,200 - $2,000
= $64,200
Annual depreciation under SLM method = Depreciable cost ÷ Useful life
= $64,200 ÷ 5
= $12,840
Book value of the equipment = Cost - Annual depreciation
= $66,200 - $12,840
= $53,360
Remaining depreciable cost = Book value at point of division - Salvage value
= $53,360 - $2,000
= $51,360
Annual depreciation for year 2 and year 3 = Remaining depriciable cost ÷ Remaining useful life
= $51,360 ÷ (3 - 1)
= $51,360 ÷ 2
= $25,680
The __________ is based on all the goods and services produced in the economy, which make it a current-weights index. eco203
Answer:
The __Paasche Index or Current-Weighted Index_______ is based on all the goods and services produced in the economy, which make it a current-weights index.
Explanation:
The Current-Weighted Index is an index that calculates the weighted average of prices or quantities or with the weights used proportionate to the quantities or prices of the goods. At regular intervals, the weights have to re-calculated in line with the current realities. This regular re-calculation of the weights, which is the basis for its name, makes it current.
On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381 at the end of each year. Complete the necessary journal entry on 12/31 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
No Date General Journal Debit Credit
1 12/31 Interest expense 4,500
Notes payable 90,000
Answer:
Brooks Inc.
Journal entries
DATE General Journal DEBIT ($) CREDIT ($)
12/31 Interest Expense 4,500.00
(90,000 x 5%)
Notes Payable (Balancing Figure) 20,881.00
Cash 25,381.00
“how does a change in supply affect the equilibrium price?”
Answer:
An increase in supply is illustrated by a rightward shift of the supply curve, and, all other things equal, this will cause the equilibrium price to fall. A decrease in supply is illustrated by a leftward shift of the supply curve - this will cause the equilibrium price to rise.
Explanation:
hi
Charley Inc is a large corporation that reported revenue of $80 million and expenses (other than interest) of $78 million in 2019. Included in the expenses is depreciation of $300,000. Charley Inc. paid business interest of $1,000,000 in 2019. What is the maximum amount of interest expense deduction this year
Answer:
The maximum amount of interest expense deduction this year is $690,000
Explanation:
In order to calculate the maximum amount of interest expense deduction this year we would have to calculate first the adjusted taxable income as follows:
adjusted taxable income=reported revenue-expenses+depreciation
According to the given data:
reported revenue=$80,000,000
expenses=$78,000,000
depreciation=$300,000
Therefore, adjusted taxable income=$80,000,000-$78,000,000+$300,000
adjusted taxable income=$2,300,000
maximum amount of interest expense deduction=$2,300,000*30%
maximum amount of interest expense deduction=$690,000
The maximum amount of interest expense deduction this year is $690,000
Supplier development is synonymous with ____. Group of answer choices materials management procurement reverse marketing supplier selection and evaluation
Answer:
The correct answer is: reverse marketing
Explanation:
Reverse marketing can be defined as the type of marketing in which the customer seeks the company, and not that traditional marketing model whose marketers are looking for customers.
Therefore, in this model, it is necessary to develop the variables that will bring the customer closer to the company, because reverse marketing can be considered an aggressive strategy to achieve objectives, where the buyer is the main decision maker of the purchase.
Supplier development is a technique widely used in business to business markets, where the company is the buyer who will approach the supplier in order to meet their needs.
Now suppose that the demand for bell peppers is relatively inelastic. How will this change your answer to the previous question?
Answer:
D. Price will increase by a larger increment and the quantity will decrease by a smaller increment
Explanation:
here is the full question :
he market for bell peppers is competitive. For bell peppers to grow properly they need substantial rainfall. A very dry winter in California did not produce enough rain to grow bell peppers in California, one of the major bell pepper growing regions of the world.
Now suppose that the demand for bell peppers is relatively inelastic. How will this change your answer to the previous question?
A. Price will increase by a smaller increment and the quantity will decrease by a larger increment
B. Price will increase by a smaller increment and the quantity will decrease by a larger increment.
C. Price will increase by a larger increment and the quantity will decrease by a larger increment
D. Price will increase by a larger increment and the quantity will decrease by a smaller increment
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
due to the low rainfall, less pepper would be produced. as a result the supply of pepper would rise. since the demand for pepper is inelastic, the rise in price would be greater than the change in quantity demanded.
Price will be increase by the larger increment of quantity that will decrease by the smaller increment. Thus the option D is correct.
What is relatively inelasticity ?The relatively inelastic demand is the one where the percentage changed in the demand than the percentage change of the price of the product. As the price may increase the demand get reduced. Most essential goods are inelastic.
Find out more information about the suppose that.
brainly.com/question/1601351.
This question is incomplete.
The full question is
The market for bell peppers is competitive. For bell peppers to grow properly they need substantial rainfall. A very dry winter in California did not produce enough rain to grow bell peppers in California, one of the major bell pepper growing regions of the world.
Now suppose that the demand for bell peppers is relatively inelastic. How will this change your answer to the previous question?
A. Price will increase by a smaller increment and the quantity will decrease by a larger increment
B. Price will increase by a smaller increment and the quantity will decrease by a larger increment.
C. Price will increase by a larger increment and the quantity will decrease by a larger increment
D. Price will increase by a larger increment and the quantity will decrease by a smaller increment.
Tracy Company, a manufacturer of air conditioners, sold 190 units to Thomas Company on November 17, 2021. The units have a list price of $300 each, but Thomas was given a 20% trade discount. The terms of the sale were 4/10, n/30. Thomas uses a perpetual inventory system. 3. Prepare the journal entries to record the purchase by Thomas on November 17 and payment on November 26, 2021 and December 15, 2021 using the net method of accounting for purchase discounts.
Answer:Please see explanation column for answer.
Explanation:
Net purchase per unit = List price per unit - Trade discount
$300 - ( 300 x 20 %) = 300- (300 x 0.2)= 300 -60= $240
Total purchase amount = Number of units x Net purchase per unit
190 x 240= $45,600
Discount from purchase = Total purchase amount x discount percentage/ 100
=45,600 x 4/100= $1,824
Cash = $45,600
Discount = $1,824
Accounts payable = $43,776
Using the net method of accounting for purchase discounts.
A)Journal entries to record the purchase by Thomas on November 17, 2021
Account Debit Credit
Purchases $43,776
Account Payable $43,776
B)Journal entries to record the payment by Thomas on November 26, 2021
Account Debit Credit
Account Payable $43,776
Cash $43,776
C)Journal entries to record the payment by Thomas on December 15, 2021
Account Debit Credit
Account Payable $43,776
Interest expense $ $1,824
Cash $45,600
The net account payable by Thomas on November 17, 2021, is $43,776. The journal entries to record the purchase by Thomas is attached in the image.
Net purchase per unit = List price per unit - Trade discount
$300 - ( 300 × 20 %) = 300- (300 × 0.2)
= 300 -60
= $240
Total purchase amount = Number of units x Net purchase per unit
190 × 240= $45,600
Discount from purchase = Total purchase amount x discount percentage/ 100
=45,600 × 4/100
= $1,824
Cash = $45,600
Discount = $1,824
Accounts payable = $43,776
The journal entries to record the purchase by Thomas on November 17 and payment on November 26, 2021 and December 15, 2021 attached below in the image.
Learn more about journal entries, here:
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At December 31, 2011 and 2010, Miley Corp. had 180,000 shares of common stock and 10,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2011 or 2010. Net income for 2011 was $400,000.
What does the 2011, earnings per common share amount to?
Answer:
$1.94
Explanation:
Computation of what 2011, earnings per common share amounted to
Using this formula
Net income-(Shares of 5%×Par value cumulative preferred stock outstanding× Shares percentage)/Shares of Common stock
Let plug in the formula
Earning per share of common stock =$400,000 – (10,000 × $100 × .05)/$180,000
Earning per share of common stock=$400,000-$50,000/$180,000
Earning per share of common stock=$350,000/$180,000
Earning per share of common stock=$1.94
Therefore the Earning per share of common stock will amount to $1.94
If a company uses $1,300 of its cash to purchase supplies, the effect on the accounting equation would be:
Answer:
no impact
Explanation:
The journal entry to purchase the supplies for cash
Supplies Dr $ 1,300
To Cash A/c $ 1,300
(Being the purchase of supplies is recorded)
For recording this we debited the supplies as it increased the assets and credited the cash as it decreased the assets
Therefore there is no impact on the accounting equation
Brian Lee is 30 years and wants to retire when he is 65. So far he has saved (1) $5,850 in an IRA account in which his money is earning 8.3 percent annually and (2) $4,320 in a money market account in which he is earning 5.25 percent annually. Brian wants to have $1 million when he retires. Starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 8.22 percent annually. How much will Brian have to invest every year to achieve his savings goal?
Answer:
he must invest $4,855.64 during each of the following 35 years
Explanation:
years until retiring = 65 - 30 = 35 periods
desired future value $1,000,000
first we must find the future value of his current investments:
$5,850 x (1 + 0.083)³⁵ = $95,312.94
$4,320 x (1 + 0.0525)³⁵ = $25,897.47
total future value = $121,210.41
this means that he needs to save $1,000,000 - $121,210.41 = $878,789.59 more by the time he reaches 65 years of age
we need to use the formula to calculate future value of an annuity:
FV = payment x annuity factor (FV annuity, 8.22%, 35 periods)
FV = $878,789.59 annuity factor (FV annuity, 8.22%, 35 periods) = 180.98322$878,789.59 = payment x 180.98322
payment = $878,789.59 / 180.98322 = $4,855.64
he must invest $4,855.64 during each of the following 35 years
A wireless phone service provider advertises that their average startup fee is $73. Given that their startup fees are $8, $85, $92, and $107, why is this statistic misleading?
Answer:
The reason why it is statisticaly misleading is because, while it is true that the average fee is $73 (the median value in statistical terms), averages are a statistical measure that is very sensitive to extreme values.
That is to say, if a value is very high, or very low, the statistical mean will be biased.
We can see this in the question. Three values are higher than the average, and relatively close: $85, $92, and $107. The third value, however, is way lower, at only $8. This extreme low value alters the median value, making it biased and misleading.
An action for breach of warranty generally must be brought within four years of the breach.
a. True
b. False
Answer:
i The answer is going to be a. true
Ashley transfers property with a tax basis of $8,180 and a fair market value of $4,660 to a corporation in exchange for stock with a fair market value of $3,520 and $445 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $695 on the property transferred. What is Ashley's tax basis in the stock received in the exchange
Answer:
$3,720
Explanation:
Since the shareholder's tax basis will be to his tax basis in the property transferred of the amount of $8,180 which is a substituted basis minus the amount of $695 which is the liability assumed by the corporation then less the fair market value of boot received.
Therefore if Ashely decide to sells the stock for $3,520, the loss she will recognized will be $3,720($8,180-$4,460) which is an amount equal to the loss deferred of $3,720
Hence ,Ashley's tax basis in the stock received in the exchange will be $3,720
Pace corporation acquired 100 percent of spin company's common stock on January 1, 20X9. Balance sheet data for the two companies immediately following the acquisition follow:
Item Pace Corporation Spin Company
Cash $30,000 $25,000
Accounts Receivable 80,000 40,000
Inventory 150,000 55,000
Land 65,000 40,000
Buildings and Equipment 260,000 160,000
Less: Accumulated Depreciation (120,000) (50,000)
Investment in Spin Company Stock 150,000
Total Assets $615,000 $270,000
Accounts Payable $45,000 $33,000
Taxes Payable 20,000 8,000
Bonds Payable 200,000 100,000
Common Stock 50,000 20,000
Retained Earnings 300,000 109,000
Total Liabilities and Stockholders’ Equity $615,000 $270,000
At the date of the business combination, the book values of Spin's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, and land, which had a fair value of $50,000. The fair value of land for Pace Corporation was estimated at $80,000 immediately prior to the acquisition.
1. Based on the preceding information, at what amount should total land be reported in the consolidated balance sheet prepared immediately after the business combination?
a. $130,000
b. $105,000
c. $115,000
d. $120,000
2. Based on the preceding information, what amount of total assets will appear in the consolidated balance sheet prepared immediately after the business combination?
a. $756,000
b. $735,000
c. $750,000
d. $642,000
3. Based on the preceding information, what is the differential associated with the acquisition?
a. $15,000
b. $21,000
c. $6,000
d. $10,000
4. Based on the preceding information, what amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination?
a. $0
b. $21,000
c. $6,000
d. $15,000
5. Based on the preceding information, what amount of liabilities will be reported in the consolidated balance sheet prepared immediately after the business combination?
a. $615,000
b. $406,000
c. $300,000
d. $265,000
Answer:
Pace Corporation and Spin Company
1. Land should be reported in the consolidated balance sheet as
a. $130,000
2. Total assets:
b. $735,000
3. The differential associated with the acquisition:
b. $21,000
4. Goodwill
b. $21,000
5. Amount of liabilities in the consolidated balance sheet:
b. $406,000
Explanation:
a) Data:
Item Pace Spin
Corporation Company
Cash $30,000 $25,000
Accounts Receivable 80,000 40,000
Inventory 150,000 55,000
Land 65,000 40,000
Buildings and Equipment 260,000 160,000
Less: Accumulated Depreciation (120,000) (50,000)
Investment: Spin Company Stock 150,000
Total Assets $615,000 $270,000
Accounts Payable $45,000 $33,000
Taxes Payable 20,000 8,000
Bonds Payable 200,000 100,000
Common Stock 50,000 20,000
Retained Earnings 300,000 109,000
Total Liabilities and Stockholders’
Equity $615,000 $270,000
b) Consolidated Balance Sheets
Item Pace Spin Total
Corporation Company Group
Cash $30,000 $25,000 $55,000
Accounts Receivable 80,000 40,000 120,000
Inventory 150,000 60,000 210,000
Land 80,000 50,000 130,000
Buildings and Equipment 260,000 160,000 420,000
Less: Accumulated
Depreciation (120,000) (50,000) (170,000)
Investment:
Spin Company Stock 150,000 0
Goodwill 21,000
Total Assets $630,000 $285,000 $786,000
Accounts Payable $45,000 $33,000 $78,000
Taxes Payable 20,000 8,000 28,000
Bonds Payable 200,000 100,000 300,000
Common Stock 50,000 20,000 50,000
Retained Earnings 300,000 109,000 300,000
Assets Revaluation 15,000 15,000 30,000
Total Liabilities and Stockholders’
Equity $630,000 $285,000 $786,000
c) Differential on acquisition = investment (of subsidiary) - net assets
= $150,000 - ($270,000 - 141,000) = $21,000
what is a title bar in excel?
Answer:
It shows what section you want to go to. This can change your font-size, help a business project calculation, and etc.
Explanation:
Exhibit 15.1 Zorn Corporation is deciding whether to pursue a restricted or relaxed working capital investment policy. The firm's annual sales are expected to total $4,400,000, its fixed assets turnover ratio equals 4.0, and its debt and common equity are each 50% of total assets. EBIT is $150,000, the interest rate on the firm's debt is 10%, and the tax rate is 40%. If the company follows a restricted policy, its total assets turnover will be 2.5. Under a relaxed policy its total assets turnover will be 2.2. Refer to Exhibit 15.1. Assume now that the company believes that if it adopts a restricted policy, its sales will fall by 15% and EBIT will fall by 10%, but its total assets turnover, debt ratio, interest rate, and tax rate will all remain the same. In this situation, what's the difference between the projected ROEs under the restricted and relaxed policies
Answer:
difference between ROEs = 10.83% (restricted) - 9% (relaxed) = 1.83%
Explanation:
total annual sales = $4,400,000
EBIT = $150,000
net income = $150,000 x (1 - 40%) = $90,000
restricted policy:
asset turnover = 2.5
sales = $3,740,000
EBIT = $135,000
net income = $81,000
assets = $3,740,000 / 2.5 = $1,496,000
equity = $1,496,000 x 50% = $748,000
ROE = $81,000 / $748,000 = 10.83%
relaxed policy:
asset turnover = 2.2
sales = $4,400,000
EBIT = $150,000
net income = $90,000
assets = $4,400,000 / 2.2 = $2,000,000
equity = $2,000,000 x 50% = $1,000,000
ROE = $90,000 / $1,000,000 = 9%
difference between ROEs = 10.83% - 9% = 1.83%
The following information is available for Masun Company: Sales $550,000 Total fixed expenses $150,000 Cost of goods sold 390,000 Total variable expenses $370,000 A CVP income statement would report:
Answer:
$180,000
Explanation:
The computation of CVP income statement is shown below:-
CVP Income statement
Sales $550,000
Variable cost $370,000
Contribution margin $180,000
Fixed cost $150,000
Operating Profit $50,000
Therefore for computing the contribution margin we simply deduct the variable cost from sales and fixed cost to arrive the operating profit
An individual who is not party to the contract between a CPA and the client, but who is known by both and is intended to receive certain benefits from the contract is known as:
Answer:
Third party beneficiary.
Explanation:
This is easily seen in contracts as it is said that a third party beneficiary is a person that benefits from an agreement between two persons or a contract between two persons. This is despite the fact that this said person has no effect or was not in any way a part of the said contract.
A third party beneficiary can be denied the rights to compensation of the contract, especially when contract is not fulfilled.
Rights which makes the third party beneficiary valid and concretely a part of the contact are been attached and solidified if the said contract comes through.
A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $878.31, calculate the yield to maturity of the bond (assuming annual interest payments). Group of answer choices
Answer:
Yield to maturity =11.75%
Explanation:
The yield to maturity to Maturity van be worked out using the formula below:
YM =( C + F-P/n) ÷ ( 1/2× (F+P))
C- annual coupon,
F- face value ,
P- current price,
n- number of years to maturity
YM - Yield to maturity
C- 8%× 1000 = 80, P- 878.31, F- 1000
AYM = 80 + (1000-878.31)/4 ÷ 1/2× (1000+878.31)
= 110.4225 ÷ 939.155
= 11.75%
Yield to maturity =11.75%
g "Seidman Company manufactures and sells 30,000 units of product X per month. Each unit of product X sells for $16 and has a contribution margin of $7. If product X is discontinued, $85,000 in fixed monthly overhead costs would be eliminated and there would be no effect on the sales volume of Seidman Company's other products. If product X is discontinued, Seidman Company's monthly income before taxes should:"
Answer:
Decreased by $125,000
Explanation:
Calculation for Seidman Company's monthly income before taxes should:"
First step is to find the loss in contribution margin using this formula
Loss in contribution margin = Sales unit× contribution margin
Let plug in the formula
Loss on contribution margin=30,000 × $ 7
= ($210,000)
Second step
Fixed monthly overhead = $85,000
Monthly income before taxes =Loss in contribution margin - Fixed monthly overhead
Monthly income before taxes= ($210,000) - $85,000
Monthly income before taxes= $125,000
Thereforre in a situation where product X is discontinued, this means that Seidman Company's monthly income before taxes would get decreased by $125,000
Morgan Company issues 10%, 20-year bonds with a par value of $760,000 that pay interest semiannually. The current market rate is 9%. The amount paid to the bondholders for each semiannual interest payment is: Multiple Choice $34,200. $380,000. $38,000. $68,400. $76,000.
Answer:
c. $38,000
Explanation:
Bond is issued at i= 10% = 0.10, n=20, m= 2, p= $760,000
The amount of interest owed to the bondholders for each semiannual interest payment is:
= $760,000 × 0.10 × 6/12
= $760,000 x 0.05
= $38,000
Compute the Cost of Goods Manufactured and Cost of Goods Sold for Blue Sea Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials
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Start the calculation for cost of goods manufactured by calculating the direct materials used
Blue Sea Company
Calculation of Direct Materials Used
For Current Year
Beginning raw materials inventory $ 27,000
Plus Purchases of direct materials 79,000
Materials available for use 106,000
Less: Ending raw materials iniventory 31,000
Direct materials used 75.000
Calculate the cost of goods manufactured.
Answer:
Calculate the cost of goods manufactured.
$243,800Explanation:
manufacturing overhead = indirect labor ($46,000) + insurance of plant ($8,000) + depreciation of machines and equipment ($12,700) + repairs and maintenance ($4,100) = $70,800
Beginning raw materials = $27,000
+ Purchases of raw materials = $79,000
- Ending raw materials inventory = -$31,000
= Direct materials used in production = $75,000
+ Direct labor = $83,000
+ Manufacturing overhead = $70,800
= Total manufacturing costs = $228,800
+ Beginning work in process = $43,000
- Ending work in process = -$28,000
= Cost of goods manufactured = $243,800
If you deposit $8,500 in an account now, how much will be in the account at the end of 5 years? Use a nominal rate (monthly compounding) of 8.00%.
Answer:
$12,663.69
Explanation:
The formula for calculating future value :
FV = P (1 + r/m)^nm
FV = Future value
P = Present value
R = interest rate
N = number of years
M = number of compounding per year
$8,500 (1 + 0.08 / 12) ^60 = $12,663.69