Answer: See explanation
Explanation:
The budget for the Street Improvement Bond Debt Service Fund for year 2017 will be:
Debit: Estimated other financing sources - Premium on bonds = $42000
Debit: Estimated other financing sources - Transfer in - $10000
Debit: Estimated Revenue - Accrued Interest on bonds sold = $28000
Credit: Appropriation = $40000
Credit: Budgetary funds balance = $40000
Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume that the price of X is $60, the price of Y is $30 and Rafe has an weekly income of $180. Which of the following is true? He can afford 6 units of good Y. His budget line has a slope of 1/3. He can afford 6 units of good X. His budget line has a slope of −1/3.
Answer:
True : He can afford 6 units of good Y'
Explanation:
Budget Line is a combination of two goods, consumer can afford with entire given money income & prices.
Equation : p1 x1 +p2 x2 = m. Here p1 & p2 are prices of two goods, x1 & x2 are quantities of two goods, m is money income.
Intercept of budget line is max quantity of a good consumer can buy spending only on either good. Formula = m / p1 & m / p2
As : m = 180 , p1 (px) = 60 , p2 (py) = 30 . Intercepts (x & y) = 180 / 60 = 3 & 180 / 30 = 6 respectively.
So, 'He can afford 6 units of good Y' is True. 'He can afford 6 units of good X' is False.
Slope shows the trade off of goods, given money income & price. Formula = = p1 / p2 = px / py = 60 / 30 = (-) 2. 'His budget line slope = 1/3 or -1/3', both are False
Wireless Solutions reports operating expenses of $955,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $27,000 and salaries payable increases by $18,500. What is the cash paid for operating expenses during the year
Answer:
$963,500
Explanation:
Given the that:
Operating expenses = $955,000
Prepaid rent increase = $27,000
Salaries payable increase = $18,500
Then, Cash paid for operating expenses during the year is computed by;
= Operating expenses + Prepaid rent increase - Salaries payable increase
= $955,000 + $27,000 - $18,500
= $963,500
17. Wislow Brothers common stock sells for $30 a share and pays an annual dividend that increases by 4 percent annually forever. The market rate of return on this stock is 10 percent. What is the closest value to the amount of the dividend in two years
Answer:
$1.95
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
30 = d / 0.1 - 0.04
d = 30 x 0.06 = 1.8
growth in 2 years = 1.8 x (1.04^2) = $1.95
Present Value of an Annuity of 1
Period 8% 9% 10%
1 0.926 0.917 0.909
2 1.783 1.759 1.736
3 2.577 2.531 2.487
A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $240000 and is expected to generate cash inflows of $100000 at the end of each year for three years. The net present value of this project is:________
a. $50000.
b. $25310.
c. $253100.
d. $13100.
Answer:
d. $13,100
Explanation:
Net Present value = [Future Annual cash flows * PVIFA (3, 9%)] - Initial investment
Net Present value = [$100,000*2.531} - $240,000
Net Present value = $253,100 - $240,000
Net Present value = $13,100
Nelson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $112,000. The equipment will have an initial cost of $224,000 and have a 3 year life. If the salvage value of the equipment is estimated to be $87,000, what is the payback period
Answer:
2 years
Explanation:
Payback period is the length of time it takes for the future cash flows to equal the initial investment.
$224,000 = $112,000 + $112,000
therefore,
It takes 2 years for the cashflows to equal initial investment
WILL GIVE BRAINLIEST PLS ANSWER (PERSONAL AND FAMILY FINANCE)
Yusef’s financial advisor tells him that he has made a great budget. Why was he MOST likely successful with his budget?
A.
He refused to accept any changes to it.
B.
He did not share the information with his family.
C.
He chose realistic amounts for each category.
D.
He was the only member of the family who crafted it.
Answer: A
Explanation:
Yusef’s financial advisor tells him that he has made a great budget. He is most likely successful with his budget because he refused to accept any changes to it. Option (a) is correct.
What do you mean by Budget?A budget is a financial plan that projects future earnings and costs.
The Personal and Family Finance assessment and certification will cover both foundational skills for personal and family finance careers as well as skills required for success in managing personal and family financial matters in daily life (a necessary skill set to maximize success in all career areas).
The phrase "personal finance" refers to managing your finances as well as saving and investing. It includes financial planning for retirement, taxes, and estates, as well as banking, insurance, mortgages, and investments.
Therefore, Option (a) is correct. He refused to accept any changes to it.
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The manager of the Dinners Delight franchised restaurant chain is in the process of establish quality-control charts for the time that its service people give to each customer. Management thinks the length of time that each customer is given should remain within certain limits to enhance service quality. A sample of 3 service people was selected, and the customer service they provided was observed four times. The activities that the service people were performing were identified, and the time to service one customer was recorded as noted below:
Service Person Sample 1 Sample 2 Sample 3 Sample 4
1 200 150 175 90
2 120 85 105 75
3 83 93 130 150
4 68 150 145 175
5 110 90 75 105
6 115 65 115 125
A sample of six service personnel was observed, and the following customer service times in seconds were recorded: 180, 125, 110, 98, 156, and 190. Is corrective action called for?
Answer:
The behavior is regulated as well as corrective measures are not necessary. A further explanation is provided below.
Explanation:
According to the given,
Mean,
= 143.17
Standard Deviation
= 37.91
Sigma level,
= 3
Now,
The upper control limit will be:
⇒ UCL = [tex]Mean+3SD[/tex]
On putting the values, we get
= [tex]143.17 + (3\times 37.91)[/tex]
= [tex]143.17 + (113.73)[/tex]
= [tex]256.9[/tex]
The lower control limit will be:
⇒ LCL = [tex]Mean-3SD[/tex]
On putting the values, we get
= [tex]143.17 - (3\times 37.91)[/tex]
= [tex]143.17-113.73[/tex]
= [tex]29.44[/tex]
Even though all values are somewhere between LCL as well as UCL. Thus the above is the right answer.
Jamison is self-employed and he works out of an office in his home. Jamison itemizes his deductions, and the sum of his itemized deduction for non-home business taxes and the real property taxes allocated to business use of the home is less than $10,000. After allocating the home-related expenses between the business office and the rest of the home, which of the following statements regarding the sequence of deductibility of the expenses allocated to the home office business use is correct?
a. Depreciation expense, other expenses, property taxes and interest expense.
b. Other expenses, depreciation expense, property taxes and interest expense.
c. Interest expense and property taxes, other expenses, depreciation expense.
d. Other expenses, property taxes and interest expense, depreciation expense.
Answer: c. Interest expense and property taxes, other expenses, depreciation expense.
Explanation:
In terms of deductibility, interest expenses such as mortgages take precedence along with taxes on property.
After this comes other expenses starting first with direct expenses incurred in providing Jamison's services then there will be other expenses such as insurance, periodic repairs and admin expenses.
At the bottom of the hierarchy is depreciation expense which is the last expense that can be deducted
Sarjit Systems sold software to a customer for $166,000. As part of the contract, Sarjit promises to provide "free" technical support over the next six months. Sarjit sells the same software without technical support for $144,000 and a stand-alone six-month technical support contract for $36,000, so these products would sell for $180,000 if sold separately. Prepare Sarjit’s journal entry to record the sale of the software.
Answer:
Dr Cash $166,000
Cr Deferred revenue $33,200
Cr Sales revenue $132,800
Explanation:
Preparation of Sarjit’s journal entry to record the sale of the software.
Dr Cash $166,000
Cr Deferred revenue $33,200
($166,000 × 20%)
Cr Sales revenue $132,800
($166,000 × 80%
Workings:
First step is to calculate the total fair values percentage
Total fair values percentage= ($144,000 ÷ [$36,000 + $144,000])
Total fair values percentage=80%
Second step is to calculate the technical support percentage
Technical support percentage=($36,000 ÷ [$36,000 + $144,000]).
Technical support percentage=20%
Now let calculate the amount recognized and the remaining amount recognized
Recognize amount= ($166,000 × 80%)
Recognize amount=$132,800
Remaining amount recognized= ($166,000 × 20%)
Remaining amount recognized=$33,200
Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Entries for the consolidation of Lisa and Victoria would be recorded in Group of answer choices A worksheet. Lisa's general journal. Victoria's general journal. Victoria's secret consolidation journal. The general journals of both companies.
Answer: worksheet
Explanation:
The entries for the consolidation of Lisa and Victoria would be recorded in a worksheet.
Consolidation worksheet refers to the tool that is used in the preparation of the consolidated financial statements of both a parent company and the subsidiaries.
The consolidation worksheet is important as it shows the individual book values for the parents company and the subsidiaries.
Mark and Mike are having a few beers together. Mike tells Mark about his lifelong quest to find the elusive pink elephant in the wilds of Africa. Mike tells Mark that Mike has spent 25 years and $2,000,000 to corner the animal in a specific field in Congo. Mike goes on to say that once he catches the animal, the San Diego zoo will pay him $100,000,000 for the animal. Mark decides to double-cross Mike and flies to the Congo with a crew and captures the animal exactly where Mike's crew had cornered it. Mike sues claiming the animal belongs to him. Who owns the animal?
a. Neither Mike or Mark. The animal is not personal property and cannot be owned.
b. Both Mike and Mark. They would own the animal as implied partners.
c. Mark. Since he captured the animal.
d. Mike. Since he spent enormous time and had the animal cornered.
Answer: c. Mark. Since he captured the animal.
Explanation:
With regards to the information given, the owner of the animal is Mark because he's the one who captured the animal.
It should be noted that the fact that Mike tells Mark that Mike has spent 25 years and $2,000,000 to corner the animal in a specific field in Congo doesn't mean that he's the owner of the animal.
Upon capturing the animal, under the law of ownership, the animal now belongs to Mark as he's the owner.
Please submit your idea for a practical, innovative, and marketable product or service (it’s just for a project)
Um...I decided to share these ideas because they are an upgrade of the things we use in daily life. These inventions make things more fun.
Banana skin caution wet floor signs. Fun caution signs shaped like slippery bananas. ...
Basket ball hoop over trash can. Trash cans where you can slam dunk your trash. ...
Create your own 6-pack machine. Machines where you can pick your own 6-pack. ...
Rechargeable USB batteries. Batteries you can charge via USB. ...
Slides beside stairs.
Sunglasses with solar-powered fans. ...
a TV channel that only plays commercials. ... (for stores)
Advantages and disadvantages of direct and indirect tax (each)
Answer:
Thus, indirect taxes have both advantages and disadvantages, but no one can deny that they are important to generate revenue. While direct taxes can be collected from the rich, indirect taxes give an opportunity to the poor to contribute in their own small way. So both have their own place in the economy.
Explanation:
I hope this helps
In one day, Sue can change the oil on 20 cars or change the tires on 20 cars. In one day, Fred can change the oil on 20 cars or change the tires on 10 cars. Sue's opportunity cost of changing oil is ______ than Fred's and her opportunity cost for changing tires is ______ than Fred's.
Answer:
1 change of tire
less
Explanation:
Opportunity cost of the next best option forgone when one alternative is chosen over other alternative
Sue's opportunity cost of changing oil = number of tires she changes / number of oil she changes = 20 / 20 = 1 change of tire
Her opportunity cost of changing tires = 20 / 20 = 1
fred's opportunity cost of changing tires = 20 / 10 = 2
her opportunity cost of changing tires is less than that of freds
Which of the following will be accomplished by efficient allocations of the factors of production?
Answer:
fulfilling many needs and wants of society
Explanation:
In producing a product during production, it is always important to ask if society needs the product that we are developing. The key to every successful product is to answer whether the consumer meets the needs.
I dont know if this correect....you don't have any options(^^):^>.<
Why would an investor prefer purchasing bonds to purchasing stocks?
A. Unlike stocks, bonds are guaranteed to return a profit to the
investor.
B. Bonds are typically less risky than stocks.
O C. Unlike stocks, when an investor owns bonds, they own a tiny part
of the company
D. Bonds are more likely than stocks to make huge profits.
Answer:
B. Bonds are typically less risky than stocks.
Explanation:
Answer: B. Bonds are typically less risky than stocks
Explanation:a. p. e. x. (just took the test)
Jack Flubber, who owns Sons of Flubber Construction Co., and runs it as a proprietorship, had gross profits last year of $120,000. He has $7,000 in exemptions and deductions. He paid $30,000 in taxes. If he paid himself a salary of $65,000 and a dividend of $15,000 taxed at 20%, how much he would save if he decided to incorporate as a closely held corporation with a 25% tax rate (choose the closest answer)
Answer: He won't be able to save
Explanation:
The options are:
a. He won't be able to save.
b. Around $4k
c. Around $7k
d. Around $8k
Based on the information given in the question, the amount that he'll save will be:
Firstly, we calculate the corporate tax which will be:
= ($120000 - $65000) × 25%
= $55000 × 25%
= $13750
Then, Flubber's personal tax will be:
= ($80000 - $7000) × 20%
= $73000 × 20%
= $14,600
Therefore, the total tax will be:
= $14600 + $13,750
= $28,350
Then, the total amount saved will be:
= $30,000 - $28,350
= $1650
Based on the options given, he won't be able to save.
The bank forecloses on Lisa's apartment complex. The property had been pledged as security on a nonrecourse mortgage, whose principal amount at the date of foreclosure is $900,000. The adjusted basis of the property is $500,000, and the fair market value is $900,000. What is Lisa's recognized gain or loss
Answer: $400,000
Explanation:
Based on the information given in the question, Lisa's recognized gain or loss will be calculated as the difference between the amount that's realized and the adjusted basis. This will be:
Recognized gain will be:
= Amount realized - Adjusted basis
= $900,000 - $500,000
= $400,000
There's a recognized gain of $400,000
Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The payoff matrix that follows shows the profit (in millions of dollars) each company will earn, depending on whether it sets a high or low price for its phones. For example, the lower-left cell shows that if Flashfone prices low and Pictech prices high, Flashfone will earn a profit of $10 million and Pictech will earn a profit of $3 million. (Hint: Assume this is a simultaneous game and that Flashfone and Pictech are both profit-maximizing firms.) Pictech High Price Low Price Flashfone High Price 8, 8 3, 10 Low Price 10, 3 5, 5 If Flashfone prices high, Pictech will make more profit if it chooses alow price, and if Flashfone prices low, Pictech will make more profit if it chooses ahigh price. If Pictech prices high, Flashfone will make more profit if it chooses alow price, and if Pictech prices low, Flashfone will make more profit if it chooses ahigh price. Considering all of the information given, pricing highis not a dominant strategy for both Flashfone and Pictech. What is the Nash equilibrium of this game
Answer:
Flashfone and Pictech
The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.
Explanation:
a) Data and Calculations:
Pictech
High Low
High 8 8 3 10
Flashfone
Low 10 3 5 5
b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively. This payoff level does not put any of the two firms at a disadvantage.
which of the following would be the most effective email subject line
2010 budget
Talking ‘bout the big bucks
Input needed for 2010 budget planning
Projected expenses
The title of “input needed for 2010 budget” will be an appropriate subject for composing an email.
How to compose an email?The subject is the first and foremost part of composing an email that can also be considered as a title for the contents and main body of the email. It gives an idea regarding what are the contents of the email matter.
Hence, option C holds true regarding composing the subject of the email.
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The transactions of Spade Company appear below. Kacy Spade, owner, invested $16,250 cash in the company in exchange for common stock. The company purchased office supplies for $471 cash. The company purchased $8,986 of office equipment on credit. The company received $1,917 cash as fees for services provided to a customer. The company paid $8,986 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $3,445 as fees for services provided. The company paid $515 cash for the monthly rent. The company collected $1,447 cash as partial payment for the account receivable created in transaction f. The company paid a $1,100 cash dividend to the owner (sole shareholder). Required: 1. Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Fees Earned; and Rent Expense. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment.
I need helppppppoppppp
Answer:
Explanation:
one advantage is that they can have menial tasks outsourced to other countries
one disadvantage is that many high paying jobs in the past have been sent to foreign countries where workers there are paid much less
Utilization will typically be lower than efficiency because: expected output is less than rated capacity. effective capacity is less than design capacity. expected output is less than actual output. effective capacity equals design capacity. effective capacity is greater than design capacity.
Answer:
Effective capacity is less than design capacity
Explanation:
In the case when the utilization would be less than efficiency so here the effective capacity would be lowered than the design capacity as the design capacity means the maximum service capacity or the rate of the output while on the other hand the effective capacity would be the design capacity minus personal and other allowances
Therefore the above represent the answer
Sample means and ranges were obtained for five samples of 10 units per sample from a production process. Assume the process was considered to be in control during the period these samples were collected. The results are as follows:
Sample Mean Range
1 10.58 0.23
2 9.97 0.25
3 9.99 0.21
4 10.23 0.28
5 10.23 0.28
Required:
What is the central line of the X chart for this process
Answer:
10.20
Explanation:
Given the data :
Sample___ Mean ____Range
1 ________10.58 _____0.23
2________ 9.97 _____ 0.25
3 ________9.99 _____ 0.21
4 ________10.23_____ 0.28
5 ________10.23 _____0.28
The central line of the X_chart :
CL = xbar = Σx / n
CL = central line
x = mean values of the samples
n = number of samples
xbar = (10.58 + 9.97 + 9.99 + 10.23 + 10.23) / 5
xbar = 51 / 5
xbar = 10.20
Central line = 10.20
On December 31, 2020, the Bennett Company had 105,000 shares of common stock issued and outstanding. On July 1, 2021, the company sold 18,000 additional shares for cash. Bennett's net income for the year ended December 31, 2021, was $580,000. During 2021, Bennett declared and paid $77,000 in cash dividends on its nonconvertible preferred stock. What is the 2021 basic earnings per share
$4.40 per share
Explanation:
The computation of the earning per share is shown below:
Earning per share = (Net income - preference dividend) ÷ (Weighted average of number of shares)
where,
Net income is $640,000
Preference dividend is $72,000
And, the weighted average number of share is
= 120,000
Fiscal Cliff Inc. has a capital structure that consists of 15 percent common stock and 85 percent long-term debt. In order to calculate Fiscal Cliff’s weighted average cost of capital, an analyst has accumulated the following information: · The company currently has 25-year bonds outstanding with annual coupon payments of 8 percent. The bonds have a face value of $1,000 and sell for $700. · The risk-free rate is 3 percent. · The market risk premium is 8 percent. · The beta on Fiscal Cliff's common stock is 2.3. · The company's retained earnings are sufficient so that they do not have to issue any new common stock to fund capital projects. · The company's tax rate is 40 percent. Given this information, what is Fiscal Cliff's WACC? A. 9.21% B. 12.58% C. 8.17% D. 7.63% E. 11.35%
Answer:
WACC= 8.7%
Explanation:
The weighted Average cost of Capital is the average cost of capital for the different sources of long-term capital available to a firm weighted according to the proportion each source of finance bears to the total capital in the pool.
The Weighted average cost of debt can be worked out using the following steps:
Step 1: Cost of debt
The cost of debt is the same as the yield to maturity. The yield to maturity to Maturity can be used to work out the cost of debt 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= 700, F- 1000
AYM = 80 + (1000-700)/25÷ 1/2× (1000+700)
= 92 ÷ 850
= Yield to maturity = 10.82%
After-tax cost of debt=Before-tax × (1-T)
After-tax cost of debt = 10.82%× (1-0.4) =6.49%
Step 2 : Cost of equity
This can be computed using the Capital Asset pricing model
Ke= Rf +β(Rm-Rf)
Ke =? , Rf- 3%, β- 2.3, Rm-Rf= 8%
Ke= 3% + 2.3× 8%
Cost of equity = Ke =21.4%
Step 3: WACC
WACC = (15%*21.4.5) + (85%*6.49)=8.7%
WACC= 8.7%
a. Simulation can be used to analyze large and complex real-world situations that cannot be solved by using conventional quantitative analysis models b. Simulation can answer what-if types of questions c. Simulation can be used to study the interactive effect of individual components or variables in order to determine which ones are important d. All of the above statements are correct
Answer:
D). All of the above statements are correct.
Explanation:
Simulation can be described as the process designed to offer a realistic experience in order to know the actual mechanism of a specific behavior or outcome.
As per the question, 'all the given statements' are asserting true claims with respect to simulation. Simulation is characterized as an effective process for evaluating large and complicated actual-world circumstances as it is a realistic environment to know the truth and actual causes behind those situations. Such situations cannot be assessed truly using the traditional quantitative models of analysis. It is able to provide answers to the questions like 'what-if' as it observes the realistic nature and promotes effective decision-making. It is also employed to investigate the collective effect of specific variables or components to categorize them as important or not-important as it closely observes every aspect. Thus, option D is the correct answer.
On June 1, 2018, Andre Company and Agassi Company merged to form Lancaster Inc. A total of 800,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis.
On April 1, 2020, the company issued an additional 400,000 shares of stock for cash. All 1,200,000 shares were outstanding on December 31, 2020.
Lancaster Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2020. Each $1,000 bond converts to 40 shares of common at any interest date. None of the bonds have been converted to date.
Lancaster Inc. is preparing its annual report for the fiscal year ending December 31, 2020. The annual report will show earnings per share figures based upon a reported after-tax net income of $1,540,000. (The tax rate is 20%). Determine the following for 2020.
(a) The number of shares to be used for calculating:
(1) Basic earnings per share .
(2) Diluted earnings per share shares.
(b) The earnings figures to be used for calculating:
(1) Basic earnings per share.
(2) Diluted earnings per share.
Answer:
Lancaster Inc.
a) The number of shares to be used for calculating:
(1) Basic earnings per share = 1,200,000 (800,000 + 400,000)
(2) Diluted earnings per share shares = 1,224,000 (1,200,000 + 24,000)
(b) The earnings figures to be used for calculating:
(1) Basic earnings per share = $1,540,000
(2) Diluted earnings per share = $1,540,000
Explanation:
a) Data and Calculations:
June 1, 2018, Number of shares issued = 800,000
April 1, 2020, additional shares issued = 400,000
July 1, 2020, 8% convertible bonds = $600,000
Conversion ratio = $1,000 bonds to 40 shares
= $600,000/1,000 * 40 = 24,000
After-tax net income = $1,540,000
Tax rate = 20%
Before tax income = $1,925,000 ($1,540,000/(1 - 0.2))
Before Bonds interest income = $2,092,391 ($1,925,000/(1 - 0.08))
Cameron, Inc. held 1,000 shares of its own $10 par value common stock purchased for $20 per share. In March, Cameron sold 10 shares at $20 per share. The journal entry to record the sale of treasury stock would include a (debit/credit) ________ to Treasury Stock in the amount of ________.
Answer:
Credit, $200
Explanation:
The journal entry would be:
Date Account Debit Credit
Cash $200
(10 shares*$20)
Treasury stock $200
(To record the sale of treasury stock)
Bob listened to a new song and did not like it at all. Shortly thereafter, this song was used by a company as its new advertising jingle, and the song was played over and over, so Bob was repeatedly exposed to the song. You would expect Bob
Answer:
I would expect Bob to complain to the businesses owner that the song is driving him crazy
Explanation:
:)
