Answer:
Beta= 1.1065
Explanation:
Giving the following formula:
Proportions:
35 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 15 percent in Stock T.
Betas:
0.83, 1.21, 1.22, and 1.39,
To calculate the beta of the portfolio, we need to use the following formula:
Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)
Beta= (0.35*0.83) + (0.25*1.21) + (0.25*1.22) + (1.15*1.39)
Beta= 1.1065
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 69,000 units of RX5 follows. Direct materials $ 5.00 Direct labor 9.00 Overhead 10.00 Total costs per unit $ 24.00 Direct materials and direct labor are 100% variable. Overhead is 80% fixed. An outside supplier has offered to supply the 69,000 units of RX5 for $19.00 per unit. Required: 1. Determine the total incremental cost of making 69,000 units of RX5. 2. Determine the total incremental cost of buying 69,000 units of RX5. 3. Should the company make or buy RX5
Answer:
It is cheaper to make the units in-house. The company will save $207,000.
Explanation:
Giving the following formula:
Production:
Direct materials $ 5.00
Direct labor 9.00
Varaible overhead= 10 - 8= $2
Total fixed overhead= (10*0.8)*69,000= $621,000
Direct materials and direct labor are 100% variable.
Overhead is 80% fixed.
An outside supplier has offered to supply the 69,000 units of RX5 for $19.00 per unit.
I will assume that none of the fixed overhead is avoidable.
First, we need to calculate the incremental cost of making 69,000 units. As it is incremental, we will take into account only the variable costs:
Make in-house:
Total variable cost= 69,000*(5 + 9 + 2)= $1,104,000
Now, the total cost of buying:
Buy:
Total cost= 69,000*19= $1,311,000
It is cheaper to make the units in-house. The company will save $207,000.
Received cash from investors in exchange for 15,000 shares of stock (par value of $1.00 per share) with a market value of $10 per share. Purchased land in Wisconsin for $17,000, signing a one-year note (ignore interest). Bought two used delivery trucks for operating purposes at the start of the year at a cost of $10,000 each; paid $6,000 cash and signed a note due in three years for the rest (ignore interest). Paid $1,800 cash to a truck repair shop for a new motor for one of the trucks. (Increase the account you used to record the purchase of the trucks because the productive life of the truck has been improved) Sold one-fourth of the land for $4,250 to Pablo Development Corporation, which signed a six-month note. Stockholder Helen Bailey paid $27,700 cash for a vacant lot (land) in Canada for her personal use.
Prepare a trial balance at December 31, 2018.
Answer:
Kindly check explanation
Explanation:
Number of stock shares = 15000
Value per share = $10
Worth of shares = 15000 * $10 = $150000
Cash paid for truck purchase = $6000
Cash paid for truck repair = $1800
Land purchase = $17000
Land sale = $4250
Note receivable = $4250
Note payable = $17000
_________ TRIAL BALANCE _______
Cash ___________142,200
Land ___________ 12750
Truck ___________11800
Note receivable ___4250
Notes payable _______________17000
Long term notes payable _______4000
Common stock ______________ 15000
Paid-in capital in excess ________135000
TOTAL_______171,000 ________ 171,000
__________________________________
Alamo Power historically allocates IDC for its safety program to generation facilities in Cities A and B based on the number of employees. Last year, $300,000 was distributed and the employee count was 840 in city A and 450 in city B. Implementation of the ABC method took place this year to allocate IDC on the basis of number of accidents. City A reported 345 events and city B had 142 accidents reported.
Determine the allocation based on the number of employees. The allocation based on the number of employees is as follows:
City A:________
City B: _______
Answer:
Alamo Power
Allocation of IDC cost based on the number of employees:
City A = $195,349
City B = $104,651
Explanation:
a) Data and Calculations:
IDC cost = $300,000
City A City B Total
Employee count 840 450 1,290
Number of accidents 345 142 487
Allocation of IDC cost based on the number of employees:
City A = 840/1,290 * $300,000 = $195,349
City B = 450/1,290 * $300,000 = $104,651
Total cost allocated = $300,000
Allocation of IDC cost based on the number of accidents:
City A = 345/487 * $300,000 = $212,526
City B = 142/487 * $300,000 = $87,474
James Company began the month of October with inventory of $16,000. The following inventory transactions occurred during the month:
a. The company purchased merchandise on account for $23,500 on October 12. Terms of the purchase were 2/10, n/30. James uses the net method to record purchases. The merchandise was shipped f.o.b. shipping point and freight charges of $510 were paid in cash.
b. On October 31, James paid for the merchandise purchased on October 12.
c. During October merchandise costing $18,150 was sold on account for $28,200.
d. It was determined that inventory on hand at the end of October cost $21,390.
Required:
a. Assuming that the James Company uses a periodic inventory system, prepare journal entries for the above transactions including the adjusting entry at the end of October to record cost of goods sold. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
b. Assuming that the James Company uses a perpetual inventory system, prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
a) October 12
Dr Purchases 23,030
Cr Accounts payable 23,030
Dr Freight charges 510
Cr Cash 510
October 31
Dr Accounts payable 23,030
Dr Purchase discount lost 470
Cr Cash 23,500
October
Dr Accounts receivable 28,200
Cr Sales 28,200
October 31
Dr Cost of goods sold 17,150
Dr Inventory 21,390
Cr Purchases 23,030
Cr Inventory 15,000
Cr Freight charges 510
b) October 12
Dr Inventory 23,540
Cr Accounts payable 23,030
Cr Cash 510
October 31
Dr Accounts payable 23,030
Dr Inventory lost 470
Cr Cash 23,500
October
Dr Accounts receivable 28,200
Cr Sales 28,200
October 31
Dr Cost of goods sold 17,150
Cr Inventory 17,150
l Englehard purchases a slurry-based separator for the mining of clay that costs $700,000 and has an estimated useful life of 10 years, a MACRS-GDS property class of 7 years, and an estimated salvage value after 10 years of $75,000. It was fi nanced using a $200,000 down payment and a loan of $500,000 over a period of 5 years with interest at 10%. Loan payments are made in equal annual amounts (principal plus interest) over the 5 years. a. What is the amount of the MACRS-GDS depreciation taken in the 3rd year
Answer:
The amount of the MACRS-GDS depreciation taken in the 3rd year is $122,430.
Explanation:
The amount of the MACRS-GDS depreciation taken in the 3rd year can be calculated as follows:
Cost of the slurry-based separator = $700,000
Third year depreciation rate for a MACRS-GDS property class of 7 years from the MACRS-GDS table = 17.49%
MACRS-GDS depreciation in the 3rd year = $700,000 * 17.49% = $122,430
Therefore, The amount of the MACRS-GDS depreciation taken in the 3rd year is $122,430.
3. Assume that the Appliance Division is operating at 75 percent capacity. The Manufactured Housing Division is currently buying 4,000 dishwashers from an outside supplier for $290 each. Assume that any joint benefit will be split evenly between the two divisions. What is the expected transfer price
This question is incomplete, the complete question is;
Transfer Pricing: Various Computations
Corning Company has a decentralized organization with a divisional structure. Two of these divisions are the Appliance Division and the Manufactured Housing Division. Each divisional manager is evaluated on the basis of ROI.
The Appliance Division produces a small automatic dishwasher that the Manufactured Housing Division can use in one of its models. Appliance can produce up to 20,000 of these dishwashers per year. The variable costs of manufacturing the dishwashers are $98.The Manufactured Housing Division inserts the dishwasher into the model house and then sells the manufactured house to outside customers for $73,000 each. The division's capacity is 4,000 units. The variable costs of the manufactured house (in addition to the cost of the dishwasher itself) are $42,600.
Required:
Assume each part is independent, unless otherwise indicated.
1) Assume that all of the dishwashers produced can be sold to external customers for $320 each. The Manufactured Housing Division wants to buy 4,000 dishwashers per year. What should the transfer price be?
2) Refer to Requirement 1. Assume $24 of avoidable distribution costs. Identify the maximum and minimum transfer prices.
3) Assume that the Appliance Division is operating at 75 percent capacity. The Manufactured Housing Division is currently buying 4,000 dishwashers from an outside supplier for $290 each. Assume that any joint benefit will be split evenly between the two divisions. What is the expected transfer price?
Answer:
a) The transfer price TP is the market ( $ 320 )
b)
- minimum transfer price : $ 296
- maximum transfer price : $ 320
c) the expected transfer price is $ 194
Explanation:
Given the data in the question;
a) What should the transfer price be?
The transfer price TP is the market ( $ 320 ) as all the dishwashers produced will be sold to the external customers for $ 320 .
b) Identify the maximum and minimum transfer prices?
Refer to question 1 above and assuming $24 of avoidable distribution costs.
the maximum and minimum transfer prices will be;
- minimum transfer price : $ 320 - $ 24 = $ 296
- maximum transfer price : $ 320
c) What is the expected transfer price?
given that; the variable costs of manufacturing the dishwashers are $98.
The Manufactured Housing Division is currently buying 4,000 dishwashers from an outside supplier for $290 each.
so potential gain = $290 - $98
= $ 192
thus, share of gain of each division will be;
⇒ $ 192 / 2 = $ 96
so the transfer price will be;
⇒ $ 98 + $ 96
= $ 194
Therefore, the expected transfer price is $ 194
Money serves three functions in the economy: medium of exchange, unit of account, and store of value. Which of the following statements describes how inflation affects the ability of money to serve as a unit of account? Check all that apply. Inflation causes menu costs. Inflation erodes money's purchasing power. In some countries with hyperinflation, prices are posted in terms of U.S. dollars rather than the local currency, even though the local currency is still used to purchase the good.
Answer:
Inflation causes menu costs.
In some countries with hyperinflation, prices are posted in terms of U.S. dollars rather than the local currency, even though the local currency is still used to purchase the good.
Explanation:
The inflation that cause menu cost and the hyperinflation would be treated as a unit of account because for menu cost, the seller have to change the cost because of changing in the price
On the other hand, because of the difference in the currencies, inflation would create a problem for measuring the currency units
And, the left one would be represent the store of value as the value of the money would be decrease when the inflation rate is increased
Money has three functions unit if accounts, storm of values and a medium of exchange. Modern economies use flat money that is not a community nor backed by the economy.
The inflation depicts the rise in procs and services and is a reason of the produces of goods and services in the economy. Inflation affects money by reducing the purchasing power of clients.Hence the option B is correct.
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On January 1, 2021, Casey Corporation exchanged $3,194,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems. At the acquisition date, Casey prepared the following fair-value allocation schedule:
Fair value of Kennedy (consideration transferred) $3,194,000
Carrying amount acquired 2,600,000
Excess fair value $650,000
to buildings (undervalued) $342,000
to licensing agreements (overvalued) (160,000) 182,000
to goodwill (indefinite life) $468,000
Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from their separate financial records (credit balances in parentheses).
Accounts Casey Kennedy
Cash $500,000 $176,250
Accounts receivable 1,410,000 345,000
Inventory 1,585,000 375,750
Investment in Kennedy 3,250,000 0
Buildings (net) 5,722,500 1,990,000
Licensing agreements 0 3,070,000
Goodwill 693,500 0
Total assets $13,161,000 $5,957,000
Accounts payable $(391,000) $(377,000)
Long-term debt (3,770,000) (2,980,000)
Common stock (3,000,000) (1,000,000)
Additional paid-in capital 0 (500,000)
Retained earnings (6,000,000) (1,100,000)
Total liabilities and equities $(13,161,000) $(5,957,000)
Required:
Prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation.
Question Completion Basis:
On January 1, 2021, Casey Corporation exchanged $3,250,000 cash for 100 percent of the outstanding... "and not $3,194,000".
Answer:
Cassey Corporation
Post Acquisition Balance Sheets
(credit balances in parentheses)
Accounts Casey Kennedy Consolidated
Cash $500,000 $176,250 $676,250
Accounts receivable 1,410,000 345,000 1,755,000
Inventory 1,585,000 375,750 1,960,750
Investment in Kennedy 3,250,000 0 0
Buildings (net) 5,722,500 2,332,000 8,054,500
Licensing agreements 0 2,888,000 2,888,000
Goodwill 693,500 0 1,183,500
Total assets $13,161,000 $6,117,000 $16,518,000
Accounts payable $(391,000) $(377,000) (768,000)
Long-term debt (3,770,000) (2,980,000) (6,750,000)
Common stock (3,000,000) (1,000,000) (3,000,000)
Additional paid-in capital 0 (500,000)
Retained earnings (6,000,000) (1,100,000) (6,000,000)
Total liabilities and equities $(13,161,000) $(5,957,000) $16,518,000
Explanation:
a) Data and Calculations:
Fair-value allocation schedule:
Fair value of Kennedy (consideration transferred) $3,250,000
Carrying amount acquired 2,600,000
Excess fair value 650,000
to buildings (undervalued) $342,000
to licensing agreements (overvalued) (160,000) 160,000
to goodwill (indefinite life) $468,000
Post Acquisition Balance Sheets
(credit balances in parentheses)
Accounts Casey Kennedy
Cash $500,000 $176,250
Accounts receivable 1,410,000 345,000
Inventory 1,585,000 375,750
Investment in Kennedy 3,250,000 0
Buildings (net) 5,722,500 1,990,000
Licensing agreements 0 3,070,000
Goodwill 693,500 0
Total assets $13,161,000 $5,957,000
Accounts payable $(391,000) $(377,000)
Long-term debt (3,770,000) (2,980,000)
Common stock (3,000,000) (1,000,000)
Additional paid-in capital 0 (500,000)
Retained earnings (6,000,000) (1,100,000)
Total liabilities and equities $(13,161,000) $(5,957,000)
b) The reframing of the question somehow complicated its workings and the solution provided here.
On December 31, Caper, Inc., issued $250,000 of eight percent, ten-year bonds for $218,844, yielding an effective interest rate of ten percent. Semiannual interest is payable on June 30 and December 31 each year. The firm uses the effective interest method to amortize the discount.
Required
Prepare an amortization schedule showing the necessary information for the first two interest periods.
Answer:
Capter, Inc.
Amortization Schedule
Date Payment Interest Expense Amortization Net Book Value
Dec. 31 $218,844
June 30 $10,000 $10,942 $942 219,786
Dec. 31 10,000 10,989 989 220,775
Explanation:
a) Data and Calculations:
Face value of bonds = $250,000
Bonds proceeds = 218,844
Bonds discounts = $31,156
Coupon rate = 8% with semiannual payments
Effective interest rate = 10%
On June 30:
Interest payment = $10,000 ($250,000 * 4%)
Interest Expense = $10,942 ($218,844 * 5%)
Amortization of discount = $942
Value of bonds = $219,786 ($218,844 + 942)
On December 31:
Interest payment = $10,000 ($250,000 * 4%)
Interest Expense = $10,989 ($219,786 * 5%)
Amortization of discount = $989
Value of bonds = $220,775 ($219,786 + 989)
art of the screening process when choosing which markets to expand to involves gathering information on local markets. One way to gain information is by participating in trade fairs and trade missions. However, companies will often need additional information on markets that require further research. Collecting primary data in foreign markets can present some challenges in researchers especially because of cultural and technical differences between the markets. Identify whether each statement about the research process is most likely associated with cultural differences between markets or technical differences. 1. A number of languages may be spoken in a country and even in countries where only one language is used, a word's meaning can change from one region to the next.
Answer:
1. Cultural differences between markets.
Explanation:
There are many language across the world. There are even many languages spoken in a single country. People living in one region will speak different language than those who live in other nearby region of the same country. The meanings of many words also changes in different languages. The word of English language have some meaning and same words may have different meaning in other languages.
Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $2,200,000 has an estimated residual value of $400,000 and an estimated useful life of 20 years. Determine the following: (a) The depreciable cost $fill in the blank 1 (b) The straight-line rate fill in the blank 2 % (c) The annual straight-line depreciation $fill in the blank 3
Answer:
a)
Depreciable Cost = $ 1800000
b)
Straight Line Depreciation Rate = 5%
c)
Depreciation expense per year = $90000
Explanation:
a)
The depreciable cost is the cost that qualifies for depreciation. It is calculated as,
Depreciable Cost = Cost - Salvage Value
Depreciable Cost = 2200000 - 400000
Depreciable Cost = $ 1800000
b)
The straight line depreciation method charges a constant depreciation expense every period. The rate of straight line depreciation can be calculated as follows,
Straight Line Depreciation Rate = Depreciable cost percentage / Estimated useful life
Straight Line Depreciation Rate = 100% / 20
Straight Line Depreciation Rate = 5%
c)
The annual straight line depreciation expense can be calculated as follows,
Depreciation expense per year = Depreciable cost * Straight line depreciation rate
Depreciation expense per year = 1800000 * 0.05
Depreciation expense per year = $90000
An institution is a significant practice, relationship, or organization in a society. Institutions shape the environment in which decisions are made, and they affect production and income in a nation. The most significant institutions are private property rights, political stability and the rule of law, open and competitive markets, efficient taxes, and stable money and stable prices.
Required:
The single greatest incentive for voluntary production is the existence of:______
Answer:
Private property rights
Explanation:
The Private property rights are the key that should be considered for the individuals and the country. Also it would given the feeling of pride and inclusion
Moreover, it would include all the cost and the benefits that could be involved in the decision making at the time when it would be decided which resource should be used
Hence, the above represent the answer
Which of the following statements is true of raw materials?
Can you put the complete question, please?
Raw materials include products used in producing other products. They are the the input goods or inventory that a company needs to manufacture its products.
What is a raw material?A raw material, which is also referred to as a feedstock, an unprocessed material, or a primary commodity, is a kind of fundamental resource that is used to make other materials, such as intermediate materials that will be used as feedstock for finished items in the future.
Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Because raw materials are production factors, businesses trade them on the factor market.
Therefore, raw materials are directly used in any manufacturing process.
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Your question is incomplete, but most probably the full question was,
a. They are large capital purchases designed for a long productive life.
b. They include products used in producing other products.
c. They are the goods and services that hold little interest for consumers.
d. They are categorized as consumer products.
Penny is paid a gross wage of $2,648.00 on a monthly basis. She is single and is entitled to 2 withholding allowances. How much income tax, social security, and Medicare will be withheld based on the combined wage bracket tables in Exhibits 9-3 and 9-4 from your text
Answer:
The combined wage bracket tables in Exhibits 9-3 and 9-4 is missing hence I will use 2014 tax year
answer :
a) Federal income tax withheld
= 75.6 + ( 1989.60 - 944 )*15% = $232.44
b) social security
6% * 1989.6 = $119.38
c) Medicare
1.45% * 1989.6 = $28.85
Explanation:
For a single individual
Two withholding allowance = $329.20 * 2 = $658.40
Gross Pay = $2648
withholding allowance = $658.40
Subject to withholding = $2648 - $658.40 = $1989.60
a) Federal income tax withheld
= 75.6 + ( 1989.60 - 944 )*15% = $232.44
b) social security
6% * 1989.6 = $119.38
c) Medicare
1.45% * 1989.6 = $28.85
George noticed that some of the top salespeople on his team were spending more time checking their phones than contributing to the group's development of a new strategic plan. He decided that if his peers weren't going to make a concerted effort on the project, then he wasn't either. George put down his notepad and started tapping on his phone. Which concept best describes George's action
Answer:
The answer is "the s ucker effect"
Explanation:
Please find the image.
Some people work extremely hard but lose their drive when they see other riders who are not riding in the community. It won't fit, that's exactly what's happening here. After noting other people who did not carry out the initiative, he also began using his telephones and placed down his paper pad. It is also an operation, for which a person works less than a like independent member, as a group member.
The Consumer Electronics Show (CES) reports that the HP Spectre laptop computer starts at $994.00 for a base configuration. The model displayed at its recent show costs $1,353, $118 more than the comparable 13-inch Apple MacBook Air. If Computers-R-Us buys the HP Spectre at the show with 3/15, net 30 terms on August 26, how much does it need to pay on September 9
Answer: $1312.41
Explanation:
The following information can be depicted from the question:
Cost of HP Spectre laptop = $1353
Credit terms = 3/15, net 30
Therefore, since discount allowed is 3%, the complement of the discount rate will be:
= 100% - 3%
= 97%
Therefore, amount needed to pay will be:
= Listed price × Complement of discounts rate
= $1353 × 97%
= $1353 × 0.97
= $1312.41
Therefore, the amount needed to pay is $1312.41
The following appeared in the October 15, 2021, issue of the Financial Smarts Journal:
This announcement is not an offer of securities for sale or an offer to buy securities.
New Issue October 15, 2021
$750,000,000
CRAFT FOODS, INC.
7.75% Debentures Due October 1, 2031
Price 99.57% plus accrued interest if any from date of issuance Copies of the prospectus and the related prospectus supplement may be obtained from such of the undersigned as may legally offer these securities under applicable securities laws.
Keegan Morgan & Co. Inc.
Coldwell Bros. & Co.
Robert Stacks & Co.
Sherwin-William & Co.
Required:
1. Based on the information provided in the announcement, indicate whether the market rate of interest is higher or lower than 7.75% when the Craft Foods bonds were issued.
2. If debt issue costs were $75,000 and the bonds were issued on an interest payment date, what entry did Craft use to record the sale?
Answer:
1. The market rate of interest is higher than 7.75% when the Craft Foods bonds were issued.
2. Debit Cash for $746,700,000; Dbit Discount on bond payable for $3,225,000; Debit Bond issue cost for $75,000; and Credit Bond payable for $750,000,000.
Explanation:
1. Based on the information provided in the announcement, indicate whether the market rate of interest is higher or lower than 7.75% when the Craft Foods bonds were issued.
From the information provided, it can be observed that the face value of this bond is 100% but it is issued at 99.57% price. Since the issue price of 99.57% is less than the face value, this implies that the bond is issued at a discount.
When a bond is issued at a discount, it indicates the stated interest rate is lower than the market interest rate.
Therefore, the market rate of interest is higher than 7.75% when the Craft Foods bonds were issued.
2. If debt issue costs were $75,000 and the bonds were issued on an interest payment date, what entry did Craft use to record the sale?
Before the journal entry is prepared, the following are first calculated:
Proceeds from bond issue = Bond price * Total face value = $750,000,000 * 99.57% = $746,775,000
Discount on bond = Total face value - Proceeds from bond issue = 750,000,000 - $746,775,000 = $3,225,000
Cash = Proceeds from bond issue - Debt issue costs = $746,775,000 - $75,000 = $746,700,000
The journal entry will now look as follows:
Description Debit ($) Credit ($)
Cash 746,700,000
Discount on bond payable 3,225,000
Bond issue cost 75,000
Bond payable 750,000,000
(To record bond issue at a discount.)
What to do most careers in Finance deal with?
a) real estate and education
b) assets and liabilities
c) assets and retail
d) real estate and retail
Answer:
b
Explanation:
B)
Answer: B would be the answer
Explanation: assist and liabilities
1. $7,000 of merchandise inventory was ordered on September 2, 20092. $3,000 of this merchandise was received on September 5, 20093. On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received.4. On September 10, 2009, $800 of the merchandise was returned to the seller.Based on the above information, what would be recorded as the cash payment if the invoice is paid within the discount period
Answer:
The cash payment to be recorded is:
= $2,376.50.
Explanation:
a) Data and Calculations:
September 2, 2009: Merchandise order = $7,000
September 5, 2009: Merchandise received = $3,000
September 6, 2009: Freight-in 250
Terms of trade 3/10, net 30
September 10, 2009: Return of merchandise (800)
Total value of merchandise = $2,450
Cash discount (3% of $2,450) = 73.50
Cash payment = $2,376.50
b) The trade terms of 3/10, net 30 means that a discount of 3% is allowed when payment is made within 10 days of the purchase date or on or before September 11, 2009. This amounts to $73.50. Therefore, the net amount to be paid is $2,376.50 after deducting the calculated discount amount.
If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT...
A) The cost of replacing damaged sections of the roof and any broken windows
B) The cost of replacing any items inside the apartment that completely burned in the fire
C) The cost of replacing items ruined by water as firefighters put out the fire
D) The cost of your hotel room for a week while your apartment is cleaned up
Answer:
d
Explanation:
because its not really their job to find u a temporary place to live while they get ur apartment fixed
If your apartment catches on fire and you have renters insurance, the insurance company will likely pay all of these EXCEPT The cost of your hotel room for a week while your apartment is cleaned up. Thus the correct option is D.
What is Insurance?A contract in which an individual or organization pays a premium to an insurance firm in exchange for protection against future financial losses is termed Insurance.
A type of insurance named Renters insurance is designed to protect renters from economic harm that may occur as a result of either harm to their personal belongings or liability for harm or injury they have caused to others.
Renters' insurance is often less expensive than other types of insurance, and it is frequently required by renters as an integral part of renting a property. It can give tenants peace of mind as well as financial security.
Therefore, option D is appropriate.
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Leto Company manufactures a certain type of alloy. The alloy undergoes a hardening process. The hardening unit is operating at full capacity and is a production constraint. The unit contribution margin and the number of hours of hardening treatment used by the alloy are as follows: Unit selling price$96.80 Unit variable cost(23.50) Unit contribution margin$73.30 Hardening treatment hours per unit5 hrs. Assuming Leto produces 2,300 units of the alloy, calculate the unit contribution margin per production constraint hour.
Answer:
Leto Company
The unit contribution margin per production constraint hour is:
= $0.00637.
Explanation:
a) Data and Calculations:
Unit selling price = $96.80
Unit variable cost = (23.50)
Unit contribution margin = $73.30
Hardening treatment hours per unit = 5 hours
Units of alloy produced = 2,300
Total hours spent on hardening treatment = 11,500 (5 * 2,300)
Contribution margin per production constraint hour = Unit contribution margin/Total hours spent on hardening treatment
= $0.00637 ($73.30/11,500)
b) The unit contribution margin per production constraint hour shows the contribution margin that is made per unit of the production constraint. The production constraint is the limited input resources that are available for production. It is a product of the units of the alloy that Leto produces and the number of hours required to produce one unit.
Given the description of the firm below, decide whether it applies to monopolistic competition, perfect competition, or both.
a. a firm that produces with excess capacity in the long run
b. a firm that has market power
c. a firm that sets greater than marginal
d. a firm that earns zero economic profit in the long
Answer:
Perfect Competition
d. a firm that earns zero economic profit in the long
In the long run, firms will keep entering and exiting the market in a perfect competition such that there will be no economic profit to be gained.
Monopolistic Competition
a. a firm that produces with excess capacity in the long run
b. a firm that has market power
c. a firm that sets price greater than marginal cost.
Monopolistic competition has excess capacity in the long run because their prices are set at a higher level than the marginal revenue. They are therefore producing more goods than they are selling leading to excess capacity.
Monopolistic competition has some form of market power as well because they get to set their own prices.
On June 30, 2017, Wisconsin, Inc., issued $200,200 in debt and 19,300 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period ending June 30, 2017, were as follows:
Wisconsin Badger
Revenues $(1,050,000) $-402,000
Expenses 732,000 293,000
Net income $(318,000) $-109,000
Retained earnings, 1/1 $(810,000) $-223,000
Net income (318,000) -109,000
Dividends declared 103,000 0
Retained earnings, 6/30 $(1,025,000) $-332,000
Cash $72,000 $86,000
Receivables and inventory 460,000 252,000
Patented technology (net) 928,000 328,000
Equipment (net) 726,000 648,000
Total assets $2,186,000 $1,314,000
Liabilities $(531,000) $-512,000
Common stock (360,000) -200,000
Additional paid-in capital (270,000) -270,000
Retained earnings (1,025,000) -332,000
Total liabilities and equities $(2,186,000) $-1,314,000
Wisconsin also paid $36,200 to a broker for arranging the transaction. In addition, Wisconsin paid $47,800 in stock issuance costs. Badger’s equipment was actually worth $780,000, but its patented technology was valued at only $299,200. What are the consolidated balances for the following accounts?
Net Income 281,800
Retained Earnings 1/1/15 810,000
Patented Technology 1,227,200
Goodwill
Liabilities 1,243,200
Common Stock 553,000
Additional Paid-In Capital 801,200
Answer:
Wisconsin, Inc.
The consolidated balances for the following accounts are:
Net Income $427,000
Retained Earnings $1,134,000
Patented Technology $1,227,200
Goodwill ($511,800)
Liabilities $1,243,200
Common Stock $553,000
Additional Paid-In Capital $270,000
Explanation:
a) Data and Calculations:
Wisconsin Badger
Revenues $(1,050,000) $-402,000
Expenses 732,000 293,000
Net income $(318,000) $-109,000
Retained earnings, 1/1 $(810,000) $-223,000
Net income (318,000) -109,000
Dividends declared 103,000 0
Retained earnings, 6/30 $(1,025,000) $-332,000
Cash $72,000 $86,000
Receivables and inventory 460,000 252,000
Patented technology (net) 928,000 328,000
Equipment (net) 726,000 648,000
Total assets $2,186,000 $1,314,000
Liabilities $(531,000) $-512,000
Common stock (360,000) -200,000
Additional paid-in capital (270,000) -270,000
Retained earnings (1,025,000) -332,000
Total liabilities and equities $(2,186,000) $-1,314,000
Goodwill = Purchase price Minus (Fair value of assets Less Liabilities)
Purchase price:
Debt = $200,200
Stock = 193,000
Total $393,200
Fair value of assets:
Cash $86,000
Accounts receivable 252,000
Equipment 780,000
Patented technology 299,200
Assets fair value $1,417,200
Liabilities $512,000
Net assets $905,000
Net Income = $427,000 ($318,000 + $109,000)
Retained Earnings = $1,134,000 ($1,025,000 + 109,000)
Patented technology = $1,227,200 ($928,000 + 299,200)
Negative goodwill = $511,800 ($393,200 - $905,000)
Liabilities = $1,243,200 ($531,000 + 512,000 + 200,200)
Common Stock = $553,000 ($360,000 + 193,000)
Additional Paid-in Capital = $270,000
The financial statements for Wisconsin and Badger for the six-month period ending June 30, 2017:
a) Data and Calculations:
Wisconsin Badger
Revenues $(1,050,000) $-402,000
Expenses 732,000 293,000
Net income $(318,000) $-109,000
Retained earnings, 1/1 $(810,000) $-223,000
Net income (318,000) -109,000
Dividends declared 103,000 0
Retained earnings, 6/30 $(1,025,000) $-332,000
Cash $72,000 $86,000
Receivables and inventory 460,000 252,000
Patented technology (net) 928,000 328,000
Equipment (net) 726,000 648,000
Total assets $2,186,000 $1,314,000
Liabilities $(531,000) $-512,000
Common stock (360,000) -200,000
Additional paid-in capital (270,000) -270,000
Retained earnings (1,025,000) -332,000
Total liabilities and equities $(2,186,000) $-1,314,000
Working notes:
The consolidated balances for the following accounts are:
Net Income $427,000 Retained Earnings $1,134,000 Patented Technology $1,227,200 Goodwill ($511,800) Liabilities $1,243,200 Common Stock $553,000 Additional Paid-In Capital $270,000Goodwill = Purchase price Minus (Fair value of assets Less Liabilities)
Purchase price:
Debt = $200,200 Stock = 193,000 Total = $393,200Fair value of assets:
Cash $86,000 Accounts receivable 252,000 Equipment 780,000 Patented technology 299,200 Assets fair value $1,417,200 Liabilities $512,000Net assets $905,000
Net Income = $427,000 ($318,000 + $109,000) Retained Earnings = $1,134,000 ($1,025,000 + 109,000) Patented technology = $1,227,200 ($928,000 + 299,200) Negative goodwill = $511,800 ($393,200 - $905,000) Liabilities = $1,243,200 ($531,000 + 512,000 + 200,200) Common Stock = $553,000 ($360,000 + 193,000) Additional Paid-in Capital = $270,000Know more :
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Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean batch sizes. The cutting time is 5 minutes per jean. The sewing time is 20 minutes per jean. It takes 2 minutes to move a batch of jeans from cutting to sewing. a. Compute the value-added, non-value-added, and total lead time of this process. Value-added lead time fill in the blank 1 minutes Non-value-added lead time fill in the blank 2 minutes Total lead time fill in the blank 3 minutes b. Compute the value-added ratio. Round to one decimal place.
Answer:
a. Value added time = Cutting time + Sewing time
Value added time = 5 minutes + 20 minutes
Value added time = 25 minutes
Non-value added time = Total within batch wait time + Move time
Non-value added time = [25 minutes * (40 - 1) + 2 minutes
Non-value added time = 977 minutes
Total lead time = Value added time + Non-value added time
Total lead time = 25 minutes + 977 minutes
Total lead time = 1,002 minutes
b. Value added ratio = Value added time / Total lead time
Value added ratio = 25 minutes / 1,002 minutes
Value added ratio = 0.02495
Value added ratio = 2.5%
In 2020 Ryce contributes non depreciable property with an adjusted basis of $101,600 and a fair market value of $152,400 to the Montgomery Partnership in exchange for a one-half interest in profits and capital. In the next tax year, when the property's fair market value is $162,560, the partnership distributes the property to Jarvis, the other one-half partner. Jarvis's basis in the partnership interest was $162,560 immediately before the distribution. Which partner must recognize the built-in gain, what is the amount recognized, and what is the effect on that partner's basis in the partnership interest
Answer:
A. Ryce
B.$50,800
C. Increase
Explanation:
Based on the information given the partner that must recognize the builtin gain is RYCE
B. Calculation to determine the amount recognized
Using this formula
Amount recognized=Fair market value-Adjusted basis
Let plug in the formula
Amount recognized=$152,400-$101,600
Amount recognized=$50,800
Therefore the amount recognized is $50,800
C. Based on the information given the effect on that partner's basis in the partnership interest is that the basis amount in the partnership interest would be INCREASED by the amount of gain that was recognized or Realized.
Which pathway includes the most self-employed workers?
Banking Services
Insurance Services
Financial and Investment Planning
Business Financial Management
Answer:
The Answer is B
Explanation:
Im sure its B
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of 2,850 units during the second quarter. Other information is as follows: Direct labor Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Variable overhead Applied at the rate of $11 per direct labor hour. Fixed overhead Budgeted at $640,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget.
Answer:
See below
Explanation:
1. Total Direct labor
Addison Co.
Direct labor budget for second quarter
Budgeted production units 2,850
Direct labor hour per one unit 6
Total direct labor hours needed 17,100
Cost per one direct labor $9
Total direct labor $153,900
2. Total factory overhead budget
Addison Co. Factory overhead for second quarter
Total direct labor hours needed 17,100
Variable rate per direct labor hour $11
Budgeted variable overhead $188,100
Budgeted fixed overhead $640,000
Total factory overhead $828,100
Jallouk Corporation has two different bonds currently outstanding. Bond M has a face value of $30,000 and matures in 20 years. The bond makes no payments for the first six years, then pays $2,400 every six months over the subsequent eight years, and finally pays $2,700 every six months over the last six years. Bond N also has a face value of $30,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. The required return on both these bonds is 6% compounded semi-annually. What are the current price of bond M and bond N?
Answer:
um
Explanation:
Discount loan. Up-Front Bank uses discount loans for all its customers who want one-year loans. Currently, the bank is providing one-year discount loans at . What is the effective annual rate on these loans? If you were required to repay at the end of the loan for one year, how much would the bank have given you at the start of the loan? If you were required to repay $ at the end of the loan for one year, how much would the bank have given you at the start of the loan?
Complete Question:
Discount loan. Up-Front Bank uses discount loans for all its customers who want one-year loans. Currently, the bank is providing one-year discount loans at 7.9%. What is the effective annual rate on these loans? If you were required to repay $205,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan? If you were required to repay $205,000 at the end of the loan for one year, how much would the bank have given you at the start of the loan? $Џ (Round to the nearest dollar.)
Answer:
Up-Front Bank
a. The effective annual rate on these loans = 8.58%
b. The amount would have given $188,805.
Explanation:
a) Data and Calculations:
Discount on loans = 7.9%
Effective annual rate on the loans = 7.9%/(100% - 7.9%)
= 7.9%/92.1%
= 0.0858
= 8.58%
b) Amount to be repaid to the bank = $205,000
Amount given after the discount is deducted = $205,000 * 0.921
= $188,805
Amount deducted as interest = $16,195 ($205,000 * 7.9%)
Check:
Effective interest rate = $16,195/$188,805 * 100 = 8.58%
c) Up-Front Bank's discount loan does not require the payment of interest or any other charges. Instead, these are deducted upfront from the face amount of the loan before it is given out. The implication is that the receiver of the loan receives less than the face value. In determining the effective interest rate, the discount amount is divided by the actual loan amount received, multiplied by 100.
Presented below is selected information for three regional divisions of Medina Company.
Divisions
North West South
Contribution margin $299,200 $499,600 $400,900
Controllable margin $139,500 $360,000 $211,500
Average operating assets $930,000 $2,000,000 $1,410,000
Minimum rate of return 12% 14% 9%
Required:
a. Compute the return on investment for each division.
b. Compute the residual income for each division.
Answer:
a. Return on investment = Controllable margin / Average operating assets
North Division:
= 139,500 / 930,000
= 15%
West Division:
= 360,000 / 2,000,000
= 18%
South:
= 211,500 / 1,410,000
= 15%
b. Residual income = Controllable margin - (Average operating assets * Minimum rate of return)
North division:
= 139,500 - (930,000 * 12%)
= $27,900
West division:
= 360,000 - (2,000,000 * 14%)
= $80,000
South division:
= 211,500 - (1,410,000 * 9%)
= $84,600