Answer:
Hecala Mining
a) Hecala will record the mine at a cost of $12600,000
b1) Depletion of Mine for 2021:
= 113,000 * $17.26
= $1,950,380
b2) Depreciation of mining facilities and equipment for 2021:
= 113,000 * $0.23
= $25,990
c) Accretion expense:
= $155,000 * 0.763
= $118,265
d) Yes. The depletion of the mine and the depreciation of the mining facilities and equipment are reported as separate expenses in the income statement.
e1) Depletion of mine in 2022:
= $13.04 * 143,000
= $1,864,720
e2) Depreciation of facilities and equipment:
= $0.17 * 143,000
= $24,310
Explanation:
a) Data and Calculations:
Cost of Mining rights = $10,100,000
Development costs = 2,500,000
Cost of mines = $12,600,000
Construction of facilities = $36,500
Mining equipment = $143,500
Salvage value 12,000
Depreciable value of equipment 131,500
Cost of facilities & equipment $168,000
Geologists production estimate = 730,000 tons
Period of mining = 4 years
b) Cost of Mine Restoration:
Cash Outflow Probability Expected cost
$530,000 40% $212,000
630,000 30% 189,000
730,000 30% 219,000
Costs of Mine Restoration $620,000
Interest rate = 7%
Annual cost of mine restoration = $155,000 ($620,000/4)
c) Depletion of mine based on original output estimate:
= $12,600,000/730,000
= $17.26 per ton
Revised Depletion of mine:
Depleted cost of mine = $12,600,000 - $1,950,380 = $10,649,620
Depleted tons balance = 930,000 - 113,000 = 817,000 tons
Depletion per ton = $10,649,620/817,000 = $13.04 per ton
d) Depreciation rate of facilities and equipment:
= $168,000/730,000
= $0.23 per ton
Revised Depreciation rate:
Cost of facilities and equipment = $142,010 ($168,000 - $25,990)
Rate = $142,010/817,000
= $0.17 per ton
Analyze the two opportunities from the FINANCIAL perspective only. Which opportunity would be best for Humble Pies and why?
Answer:
The labeling machine option is the best decision as it would increase the profit to 1 million dollars and the ROI to 40% and if the life span of the machine is extended, an increased profit of 200 thousand dollars would be made, but the fast-food chain would be more profitable in the long run if the contract is extended.
Explanation:
The Humble Pies is a bakery company co-owned by two friends Linda and Taylor. After a while in the business, they had two options to either sign a contract with the fast-food with a 3-year contract to purchase a packaging machinery and a supply of 2,200,000 pies at $1.50 per pie or purchase a labeling machine which would reduce the cost of labor and provide a monthly profit of $13,000.
The former in the long run (if the contract is extended) would be profitable to Humble pies, but the labeling machine option is the best decision of a short-term investment.
Outline Five Types of piracy
The general ledger of AXM, Inc., provides the following information relating to purchases of merchandise. End of Year Beginning of Year Inventory $852,000 $780,000 Accounts payable to merchandise suppliers 454,000 500,000 The company's cost of goods sold during the year was $2,160,000. Compute the amount of cash payments made during the year to suppliers of merchandise.
Answer:
$2,278,000
Explanation:
We need to Calculate the total Purchases made by Company
Purchases = Cost of goods Sold + closing Inventory - Opening Inventory
Purchases = 2,160,000 + 852,000 - 780,000 = $2,232,000
Now we calculate the cash paid to supplier:
Cash Payment = Opening accounts payable + purchases - Closing accounts payable = $500,000 + $2,232,000 - $454,000 = $2,278,000
Thus, $2,278,000 is amount of cash payments made during the year to suppliers of merchandise.
Landis received $90,000 cash and a capital asset (basis of $50,000, fair market value of $60,000) in a proportionate liquidating distribution. His basis in his partnership interest was $120,000 prior to the distribution. How much gain or loss does Landis recognize, and what is his basis in the asset received?a. $0 gain or loss; $30,000 basis.
b. $0 gain or loss; $50,000 basis.
c. $0 gain or loss; $60,000 basis.
d. $20,000 gain; $50,000 basis.
e. $30,000 gain; $60,000 basis.
Answer:
a. $0 gain or loss; $30,000 basis.
Explanation:
Since the partnership is being liquidated, Landis doesn't have to recognize any gain or loss resulting from the liquidation because the cash amount that he is receiving is less than his partnership interest. The asset's basis = $120,000 - $90,000 (cash) = $30,000, regardless of its current market value or prior basis.
American Standard Corp. (AS) offers the following returns next year. What is the expected rate of return? Scenario Probability AS returns Boom 30% 15% Normal economy 40% 4% Recession 30% 6%
Answer:
the expected rate of return is 7.90%
Explanation:
The computation of the expected rate of return is shown below:
= Probability × respective returns
= 30% × 15% + 40% × 4% + 30% × 6%
= 4.5% + 1.6% + 1.8%
= 7.90%
Hence, the expected rate of return is 7.90%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
A category of assets that typically has zero in the Free Assets column in a Statement of Affairs is:
Answer:
Tools
Explanation:
The statement of affairs is a legal document that present the company assets and liabilities and it could be generated at the time when the bankruptcy is declared
Now the category of assets that contains zero in the column of free assets in the statement of affairs is tools
Therefore the same is to be considered
PLZ HELP GIVEING BRAINLIST 1. Jamal volunteers his time after school to walk the dogs at a local animal shelter. Jamal does not get paid for this time, even though he spends about two hours there every day. Although he is not making money, list one way that volunteering in this way could be beneficial to Jamal in the future. Also list one way that Jamal is benefitting his community.
2. Amber is busy creating her resume. When she gets to the part about providing references, she is not sure who to put down. She knows her brother will give her a good reference, since he knows her very well. Her guidance counselor at school also offered to provide a reference for her, so she is thinking of adding him. Which option would be better for Amber to use on her resume? Explain the reason for your answer.
3. Now that Amber has her resume finished, it is time for her to begin her job search. List one place where Amber could look to find job openings, two things Amber should do after finding a job she wants to apply for, and what she should wear if she is called in for an interview.
4. You are on a job interview for your dream position. The interviewer asks if you have experience working with Microsoft Excel, a computer software program that allows you to create and customize spreadsheets to analyze data. You have never used Microsoft Excel, but you do know what it is. How would you answer? Why? Explain your reasoning.
5. Grant and Cara are coworkers at a design firm. Grant is so good at his job that he does not like to listen to the opinions of others. Cara is not as experienced as Grant and it takes her a little bit longer to complete design tasks, but she is a good listener and tries to make changes that her co-workers suggest. Which person would you rather work with? Give two reasons for your answer. Why might co-curricular, extra-curricular, career preparation, or extended learning experiences have been important in helping prepare the person you chose to have those qualities that are desirable in the workplace
Answer:
1. One way it could benefit Jamal in the future is that he will have gained practical skills and experience if a job hires him or something. One way he is benefiting the community is helping out the shelter so that they don't have to walk all the dogs and he’s doing a good deed.
2. Her guidance counselor will be the best option. Getting reference from her brother that knows her very well has nothing to do with her needing a reference for her resume. Her counselor knows about her educational background , so I personally think her counselor should be the reference.
3. She could look at jobs that require a resume, like a restaurant. Amber should be on lookout for a phone call or email and she should be prepared. She should also wear a white button up shirt with a black long skirt or a pair of black pants.
4.I would say no but I'm a quick learner and I can learn how to use it very fast. I wouldn’t tell a story and say I have because when i get ready to use it i may not know how, so it is important to be honest about it.
5.I would choose Cara because she listens to others' opinion about the task. Putting in others' opinions really matters, especially when it comes to working with a partner or two. I would rather work with Cara even though Grant is quick, he doesn't put in and listen to others’ opinions.
Answer: 1. One way it could benefit Jamal in the future is that he will have gained practical skills and experience if a job hires him or something. One way he is benefiting the community is helping out the shelter so that they don't have to walk all the dogs and he’s doing a good deed.
2. Her guidance counselor will be the best option. Getting reference from her brother that knows her very well has nothing to do with her needing a reference for her resume. Her counselor knows about her educational background , so I personally think her counselor should be the reference.
3. She could look at jobs that require a resume, like a restaurant. Amber should be on lookout for a phone call or email and she should be prepared. She should also wear a white button up shirt with a black long skirt or a pair of black pants.
4. I would say no but I'm a quick learner and I can learn how to use it very fast. I wouldn’t tell a story and say I have because when I get ready to use it I may not know how, so it is important to be honest about it.
5. I would choose Cara because she listens to others' opinions about the task. Putting in others' opinions really matters, especially when it comes to working with a partner or two. I would rather work with Cara even though Grant is quick, he doesn't put in and listen to others’ opinions.
Explanation: I did the assignment and these where the best answers I could find.
Hope this helps
Why are hedge funds considered a high-risk form of investment?
O A. They require a huge investment of capital in order to join.
O B. They rely on risky practices such as investing borrowed money
O C. They cannot be withdrawn for at least 30 years after investme
O D. They are owned and controlled by the federal government.
Answer:B
Explanation:
Took the test
The reason why hedge funds are considered to be risky investments is because B. They rely on risky practices such as investing borrowed money.
Why are hedge funds considered risky?Hedge funds often engage in risky investment strategies such as investing using funds that are borrowed.
This is quite risky because when losses are made, the debts would still have to be paid back even though there aren't profits to pay back from.
Find out more on hedge funds at https://brainly.com/question/25536383.
#SPJ2
Which of the following sections of a business plan comes first but should be written last?
A. Goals and Strategy
B. Executive Summary
C. Products and Services
D. Funding Request
Please select the best answer from the choices provided
Answer:
its B
Explanation:
Answer:
B, executive summary
Explanation:
Security F has an expected return of 11.5% and a standard deviation of 44.5% per year. Security G has an expected return of 16.5% and a standard deviation of 63.5% per year. A. What is the expected return on a portfolio composed of 25% of Security F and 75% of Security G?B. If the correlation between the returns of security F and security G is 0.24, what is the standard deviation of the portfolio described in part (a)?
Answer:
A. Expected return on the portfolio = 15.25%
B. Standard deviation of the portfolio = 51.44%
Explanation:
A. What is the expected return on a portfolio composed of 25% of Security F and 75% of Security G?
This can be calculated as follows:
Expected return on the portfolio = (PF * EF) + (PG * EG) ...................... (1)
Where;
PF = Proportion invested in security F = 25%
EF = Expected return of security F = 11.5%
PG = Proportion invested in security F = 75%
EG = Expected return of security G = 16.5%
Substituting the values into equation (1), we have:
Expected return on the portfolio = (25% * 11.5%) + (75% * 16.5%) = 15.25%
B. If the correlation between the returns of security F and security G is 0.24, what is the standard deviation of the portfolio described in part (a)?
This can be calculated as follows:
Standard deviation of the portfolio = ((PF^2 * FSD^2) + (PG^2 * GSD^2) + (2 * PF * PG * FSD * GSD * Corab))^(1/2) ................... (2)
Where;
PF = Proportion invested in security F = 25%
FSD = Standard deviation of security F = 44.5%
PG = Proportion invested in security F = 75%
GSD = Standard deviation of security G = 63.5%
Corab = correlation between the returns of security F and security G = 0.24
Substituting the values into equation (2), we have:
Standard deviation of the portfolio = ((25%^2 * 44.5%^2) + (75%^2 * 63.5%^2) + (2 * 25% * 75% * 44.5% * 63.5% * 0.24))^(1/2) = 51.44%
Some simple Questions 4 You!
1) Which animal is better in the pictures?
2) Why do you think it's better?
3) If you were to name it what would it be?
4) Would you let it have kids/babies?
5) Should I made another one of these?
Answer:
I don't see any pictures.
Therefore I cannot give a good answer.
Empty is what I would call it.
I do not know 8f it could have babies.
And yes I think you should.
Explanation:
I feel it is self explanatory.
A(n) ___________________ is performed to identify the most serious risks, help you manage risks, and identify the best methods to control risks. a. RA b. CBA c. POAM d. SOX
Answer:
Option a (RA) seems to be the correct alternative.
Explanation:
For just about any commercial enterprise, a RA account seems to be a vital instrument. The purpose of doing trade is and has always been to create profit, as well as the corporation has to generate sales to create income. An RA bank account is some of the most significant amongst all the other savings accounts used against a company, and that's where the profits of the company go.Some other options offered aren't connected to the circumstance in question. So the solution here was the right one.
Rom what you know of the company so far, what will be among the variousconstituencies that the CSIRT will serve?
The question is incomplete, Below is the complete question.
Brody had been enjoying a nice, calm shift in HAL's network operations center. The calmness of the evening was interrupted, however, when a pop-up notification appeared on his monitor. The NIDS had detected malicious traffic on a brance network in Tuscaloosa, Alabama, specifically targeting the branch Web server. As Brody picked up the telephone to contact the on-call network tech for that office, the NIDS displayed another pop-up notification, this time reporting malicious traffic on a branch network in Mobile. In short order, it also displayed notifications for branches in Athens, Columbia, Auburn, and Starkville. Even more alarming, the NIDS indicated that the traffic was all coming from other branches within the company.
Brody immediately recognized that this was different from the typical attacks he'd seen in his time with the company and decided to call his boss, Nick Shula. It was 3:30 AM when he made the call.
"Hello?" said Shula, groggy with sleep.
"Boss, it's Brody," Brody said. "Sorry to be calling like this, but i think we've got a problemm. The NIDS is showing that Web servers in multiple branch offices are under attack, and the traffic is coming from inside our network. What do you want me to do?"
Shula, suddenly awake, thought back to the proposal that was sitting on his desk, concerning the creation of an incident response team for the company. Shula had een so busy with other things that he hadn't been able to consider the proposal at all. Mentally kicking himself, he muttered into the phone, "Why didn't I look at that proposal?"
"What was that, boss?" Brody said.
"Never mind," Shula said. He had to think quickly in order to guide Brody through the situation. "Call the firewall guy on duty," he said, "and have him put in a temporary rule on the DMZ firewall to block all inbound traffic to the Web servers from internal IP addresses." After all, it was the middle of the night, and very few, if any, employees would be doing any work that involved the Web servers. Shula figured he would jsut get up a little early and have the rule removed before normal working hours; hopefully, by then the attack would have stopped.
"OK boss, will do. Get back to sleep, now," Brody said.
Shula headed back to bed, thinking everything was OK. But as soon as his eyes closed, the phone rang again. He took a look at the caller ID and blanched. It was Mal Bryant,, the company CEO.
"Nick, it's Mal," Mal said. "Listen, I'm in Belgium and attached to the corporate network via the VPN. For some reason, I can't get to our internal Web server. You have ny idea what's going on?"
Shula sighed as he realized it was going to be a long night...
Two weeks later, Brody got an e-mail from Nick Shula inviting him to attend a meeting during the day shift later in the week. The meeting was being called to discuss the formation fo the company's new CSIRT.
Brody would be one of the employees identified to perform specific actions when events became incidents and the response plans were activated. As a front-line watch stander in the network operations center, Brody would play a critical role. In addition to his role as a key memeber of the response team, Brody was going to be invited to help develop the plans and procedures and would then be trained in how to be a first responder.
Discussion Questions:
A) From what you know of the company so far, what will be among the various constituencies that the CSIRT will serve?
B) Will the company need to hire more employees to meet the needs of the CSIRT, or would you suggest it outsource some of that effort?
ANSWER;
A) When we talk of CSIRT, it typically mean computer security incident response team.
It will actually help employees report,discuss and disseminate information as it regards computer security related information across the entire organization and it's various verticals.
CSIRT will actually help in timely response that is 24/7 and a coordinated effort in the handling of incident.
The department of information technology and other departments to that are partly or heavily making use of it's systems would actually be the ones typically affected by the formation of this body.
B) For CSIRT to be efficiently constructed,the organization should also outsource the work initially in majority.
However,in the later stages, once the employees are well trained,the company can then build upon it as in house department much more effectively and efficiently.
Also,the company should have at least a part of the work outsourced to have access continuously to the respective systems at all times. This will be required mainly because information security is a fast moving technology and the company as well as it's employees need to be updated regularly and also informed of external threats.
On January 1, when the market interest rate was 8%, Seton Corporation completed a $220,000, 7% bond issue for $205,240. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method. Prepare a bond discount amortization schedule for these bonds.
Solution :
Period Interest Cash paid Discount bond discount on carrying
ended expense amortised payable bonds payable value
(carrying x (220000 ( interest
8% ) x 7% ) expense-
cash paid)
Start $220,000 $14,760 $205,240
1 $16,419 $15,400 $1,019 $220,000 $13,741 $206,259
2 $16,501 $15,400 $1,101 $220,000 $12,640 $207,360
3 $16,589 $15,400 $1,189 $220,000 $11,452 $208,548
4 $16,684 $15,400 $1,284 $220,000 $10,168 $209,832
5 $16,787 $15,400 $1,387 $220,000 $8,781 $211,219
6 $16,898 $15,400 $1,498 $220,000 $7,284 $212,716
7 $17,017 $15,400 $1,617 $220,000 $5,666 $214,334
8 $17,147 $15,400 $1,747 $220,000 $3,919 $216,081
9 $17,286 $15,400 $1,886 $220,000 $2,033 $217,967
10 $17,437 $15,400 $2,037 $220,000 ($0) $220,004
Arbitrage proofs in futures market pricing relationships:_____.a. incorporate transactions costs. b. rely on the CAPM. c. demonstrate how investors can exploit misalignments.d. all of the options are correct. e. none of the options are correct.
Answer:
Option C: Demonstrate how investors can exploit misalignments.
Explanation:
Arbitrage is illegal in some countries. It is simply a means used by investors to purchase or sale an asset so as to make profit from a difference in the asset's price that is usually between markets.
Price is the amount of money charged for a product or service as itis used to determine a firm's market share and profitability and its produces revenue. Market pricing helps Finding combination of margin and market share to maximize long-term profitability.
One of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels. a. True b. False
Answer:
a. True
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Hence, a public utility company is an example of a monopoly because they serve as the only power utility provider to the general public.
Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
Hence, one of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels.
This ultimately implies that, when there are barriers to entry it may result in monopolistic competition among the sellers of goods having no close substitutes. These barriers consist of economies of scale, network externalities, copyright law, trademark, patent, governmental policies etc.
DJ and Nicolette paid $1,600 in qualifying expenses for their daughter Nicole to attend the University of Nevada. Nicole is a sophomore. DJ and Nicolette's AGI is $175,000. What is their maximum allowable American opportunity tax credit after the credit phase-out based on AGI is taken into account?
Answer and Explanation:
As we know that the credit amount should be allowed a qualified deduction of 100% till $2,000 and the next 25% is $2,000
In the given situation, the credit amount would be
= $1,600 × 100%
= $1,600
As the AGI is $175,000 i.e. exceeded the prescribed amount i.e. $160,000 so it would be phased out till $180,000
So, after considering the phase out application limits, the credit is
= $1,600 × ($180,000 - $175,000) ÷ ($180,000 - $160,000)
= $400
So, the total credit is $400 out of which $160 is refundable and the remaining balance i.e. $240 would be non-refundable
A bond has a modified duration of 5.87 years, a par value of $1,000, and a current market value of $1,008. What is the dollar value of an 01?A. $0.0698.B. $0.0700.C. $0.5917.D. $0.6401.E. $0.7023.
Answer:
C. $0.5917
Explanation:
Calculation for the dollar value of an 01
Using this formula
Dollar value=Bond modified duration/100*Current market value*Dollar value
Let plug in the formula
Dollar value= 5.87 / 100 × $1,008 × 0.01
Dollar value= $0.5917
Therefore the dollar value of an 01 will be $0.5917
A company has the following assets: $23,000,000 1,500,000 Buildings and Equipment, less accumulated depreciation of $4,000,000 Copyrights Patents Land 3,000,000 5,000,000 The total amount reported under Property, Plant, and Equipment would be:________ A) $32,500,000. B) $27,000,000. C) $29,500,000. D) $28,000,000.
Answer:
D) $28,000,000.
Explanation:
Property plant and equipment are intangible assets held by the business and those are not easily liquidated by the business and there should be an intention to hold the asset more than one year.
The property plant and equipment can be calculate as follow
Buildings and Equipment ________ $23,000,000
Patents Land _________________ $5,000,000
Total property, plant and equipment $28,000,000
As the aptent on land is also capital cost of the land, so patent of land values must be added in the property, plant and equipment value.
Which business strategy views each customer as an independent market segment and creates substantial product proliferation?
Answer:
Mass Customization
Explanation:
Mass Customization is a business strategy in which the producers focus on the customer's interests and needs and also tailor their goods to meet these needs. At the end of the day, the goods are cheap and affordable and meet the needs of the average customer.
This method ensures the production of goods that are flexible and specific to the needs of customers. It is also associated with mass production. The producers have to do a good market study before becoming involved in this business strategy so that they do not waste their money.
Consider a $40,000 portfolio consisting of three stocks. Their values and expected returns are as follows: Stock Investment Expected Return A $ 5,000 15 % B 15,000 8 C 20,000 23 What is the weighted-average expected return on the portfolio?
Answer: 16.38%
Explanation:
The weighted average return of the portfolio is calculated (as implied) by taking the weights of the different stocks and multiplying by their returns.
= (5,000/40,000 * 15%) + (15,000/40,000 * 8%) + (20,000/40,000 * 23%)
= 0.01875 + 0.03 + 0.115
= 0.16375
= 16.38%
A firm uses only debt and equity in its capital structure. The firm's weight of equity is 70 percent. The firm's cost of equity is 13 percent and it has a tax rate of 30 percent. If the firm's WACC is 11 percent, what is the firm's before-tax cost of debt?
a) 7.17 percent
b) 9.05 percent
c) 6.38 percent
d) 5.36 percent
Answer:
b) 9.05 percent
Explanation:
The computation of the firm before tax cost of debt is shown below:
The Weight of debt is
= 100 - 70
=30%
Now
WACC = Respective cost × Respective weight
11 = (0.7 × 13) + (0.3 × Cost of debt)
11 = 9.1 + (0.3 × Cost of debt)
Cost of debt = (11 - 9.1) ÷ 0.3
= 6.333%(Approx)
Now
Pre-tax Cost of debt is
= Cost of debt ÷ (1 - tax rate)
= 6.333 ÷ (1 - 0.3)
= 9.05%
hence, the correct option is b.
Again, Inc. bonds have a par value of $1,000, a 22 year maturity, and an annual coupon rate of 13.0% with annual coupon payments. The bonds are currently selling for $982. The bonds may be called in 3 years for 113.0% of par. What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible?a. 11.88% b. 13.26% c. 19.21% d. 14.51% e. 17.48%
Answer:
e.17.48%
Explanation:
Calculation for What quoted annual rate of return do you expect to earn
Using Financial calculator
PV = $982
PMT = $130
FV = $1,130
N=3 years
Quoted annual rate of return = [PV =-982, FV = 1,130, N = 3, PMT = 130]
Quoted annual rate of return = 17.48%
Therefore the quoted annual rate of return earn if you buy the bonds and company calls them when possible will be 17.48%
Banks attract new deposits by:
a) Hiring expert tellers
b) Offering interest-bearing accounts
c) Having convenient hours
d) Making safe investments
Answer:
b) Offering interest-bearing accounts
Explanation:
Banks are regulated financial institutions. They accept customer deposits and give out loans to qualifying clients. Banks provide a safe, secure, and convenient platform for making payments and savings.
A bank's core business is to issue or sell loans. They accept deposits, retail a small proposition of the deposits, and loan out the rest. The more deposits a bank gets, the more loans it will issue. To attract more deposits, banks offer interests of the funds deposited.
Answer:
B
Explanation:
After firm A producing one good acquired another firm B producing another good, it lowered the prices for the bundle of goods. One can conclude that the goods were:_________ a. substitutes b. complements c. not related d. None of the above
Answer:
Substitute goods
Explanation:
A fall in the amount of a suitable replacement triggers a change in production and a change of the quantity demanded. An rise in the pricing of one substitute good induces an increase in demand over the other effect is an increase in the consumption for Omni Cola and a rightward change of the demand curve.
According to the equation of exchange,if real GDP is $2 trillion and the money supply is $0.5 trillion,the velocity of money:________.
A) must be 4
B) must be 1/4
C) must be 4 trillion
D) must be 1/4 trillion
E) cannot be determined unless we know the price level
Answer:
A) must be 4
Explanation:
Velocity of money is the rate of exchange of money in an economy
Use the following formula to calculate the velocity of money
Velocity of money = GDP value / Money Supply
Placing values in the formula
Velocity of money = $2 trillion / 0.5 trillion
Velocity of money = 4
Hence, Option A) must be 4 is correct option
If a special sales order is accepted for 3,000 sails at a price of $75 per unit, fixed costs remainunchanged, and there are no additional variable marketing and administrative costs for this order,what is the change in operating income?
Question Completion:
We assume that the variable manufacturing cost is $55 per unit.
Answer:
The change in operating income = $60,000
Explanation:
a) Data and Calculations:
Special order = 3,000 units
Price of special order = $75 per unit
Variable cost per unit (assumed) = $55
Fixed costs = unchanged
Variable marketing and administrative costs = unchanged
The change in operating income = $60,000 (($75 - $55) * 3,000)
b) Given the above scenario and the assumed variable cost per unit of $55, the change in operating income will be a total of $60,000, which adds to the normal business of the company.
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Swifty owes $2.2 million that is due on February 28. The company borrows $1670000 on February 25 (5-year note) and uses the proceeds to pay down the $2.2 million note and uses other cash to pay the balance. How much of the $2.2 million note is classified as long-term in the December 31 financial statements?a. $2,000,000.b. $0.c. $1,600,000.d. $400,000.
Answer: b. $0
Explanation:
Long-term liabilities are those that the company will owe for more than one trading period of the company which is usually a year. If the debt is going to be repaid within a year, it will be considered short term.
The $2.2 million is payable on February 28 which means that on 31 December, it is less than a year till it is paid. All of it therefore is to be considered short term and no portion considered long.
If the exchange rate between the European euro and the U.S. dollar is 1 to 1.2,
which of the following is true?
O A. A $5 item costs less than five euros.
O B. A $5 item costs more than five euros.
O C. A $5 item costs twice as much in euros.
O D. A $5 item costs half as much in euros.
SUBMIT
Answer: (A) A $5 item costs less than five euros
Explanation:
