Answer:
B. $20,000
Explanation:
40,000 = a fifth
so ther parthnership capital should equal to
40,000 / (1/5) = 200,000
But the current sum of the capital without adjustment is:
Capital 140,000 + 40,000 + 40,000 = 220,00
to make it balance, the inventory must has been written down by 20,000
this difference was taken by the prevous partner Allen and Daniel.
You are consulting a company that manufactures cell phones. Currently, the company manufactures all portions of the cell phone internally for $22 per unit ($6.85 of direct materials, $11.74 of direct labor, and $3.41 of fixed manufacturing overhead). However, the company is considered outsourcing one part of the phone, its circuit board, to an outside supplier. The supplier quoted a price of $4.50 per circuit board. If the company accepts the supplier's offer, it is estimated that the total direct materials costs would be reduced by 20% and total direct labor costs would be reduced by 15%.
a)If the company decides to outsource the circuit board, the total cost of the cell phone is $ per unit. (Round to the nearest cent.)(Show calculations)
b)Should the company you are consulting accept the outside supplier's offer? why or why not?
c)The maximum price per circuit board that the company should be willing to pay the outside supplier is $ (Round to the nearest cent.)(Show calculations)
Answer:
Instructions are listed below
Explanation:
We are provided with the following information:
Unitary manufacturing cost= 6.85 + 11.74 + 3.42= $22
Outsource circuit board:
$4.50 per circuit board
-20% direct material
-15% direct labor
A) Unitary cellphone cost= (6.85*0.80)+(11.74*0.85)+ 3.42 + 4.5= $23.38
B) The company shouldn't accept the supplier's offer because it increases its costs.
C) The maximum price will be the one that equals in house production cost with outsourcing cost.
22= (6.85*0.80)+(11.74*0.85)+ 3.42 + Price
Price= 22- (6.85*0.80) - (11.74*0.85) - 3.42
Price= $3.12
Determine the future value of $21,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.):
Annual Rate Period Invested Interest Compounded Future Value
(a) 10% 8 years Semiannually $ _____
(b) 12% 4 years Quarterly $ _____
(c) 36% 25 months Monthly $ _____
Answer:
(a) $43,656.90
(b) $33,698.70
(c) $43,967.70
Explanation:
Future Value of annuity shall be:
(a) 10% for 8 years, Semiannually compounded
In this since the interest is compounded semiannually, the effective interest rate = 10/2 = 5%
Future Value of $1 in 8 years with 10% interest compounded semiannually = 2.0789
Value of $21,000 = $21,000 [tex]\times[/tex] 2.0789 = $43,656.90
(b) 12% for 4 years, Quarterly Compounded
In this since the interest is compounded quarterly, that is 4 times in a year, effective interest rate = 12/4 = 3%
Future value of $1 in 4 years with 12% interest compounded quarterly = 1.6047
Value of $21,000 = $21,000 [tex]\times[/tex] 1.6047 = $33,698.70
(c) 36% 25 months, Monthly
In this since the interest is compounded monthly effective interest rate = 36/12 = 3%
Therefore, Future Value of $1 in 25 months @36% compounded monthly = $2.0937
Value of $21,000 = $21,000 [tex]\times[/tex] 2.0937 = $43,967.70
The future value of an investment can be calculated using the formula FV = PV * (1 + r/n)^(nt). The terms in the formula stand for present value, annual interest rate, number of compounding periods per year, and time in years. The future value is then computed for scenarios with different rates, time periods and compounding frequencies.
Explanation:To calculate the future value of an investment with semiannual, quarterly, or monthly compounding, we use the future value formula: FV = PV * (1 + r/n)^(nt). Here, FV is future value, PV is present value, r is annual interest rate, n is number of compounding periods per year, and t is time in years.
For (a) 10% annual rate, 8 years invested, semiannually compounded, n is 2. Therefore, the future value is $21000 * (1 + 0.10/2)^(2*8)For (b) 12% annual rate, 4 years invested, quarterly compounded, n is 4. Therefore, the future value is $21000 * (1 + 0.12/4)^(4*4)For (c) 36% annual rate, 25 months invested, monthly compounded, n is 12. Note that t is 25/12, as we need to convert months to years. Therefore, the future value is $21000 * (1 + 0.36/12)^(12*(25/12))You'll need to compute the above calculations and round to the nearest whole dollar amount for your final answers.
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A person is planning to open a savings account with the intent to buy a house in 5 years. They will invest an equal amount each month for 5 years. This account will earn 6% per year(.5% per month)and will have $300,000 at the end of 5 year term. What is the amount of the monthly investment?
A. 4169
B. 4435
C. 4300
D. 5296
Answer:
The correct answer is C: $4300
Explanation:
Giving the following information:
They will invest an equal amount each month for 5 years.
This account will earn 6% per year(0.5% per month)and will have $300,000 at the end of the 5-year term
We need to use the following formula:
final value= {A[(1+i)^n-1]}/r
A= cuota
i= monthly interest
n= 60 months
Isolating A:
A= (FV*i)/[(1+i)^n-1]
A= (300000*0.005)/[(1.005^60)-1]
A= 1500/0.34885= 4300
A cable company spends, on average, $ 600 to acquire a customer. Annual maintenance costs per customer are $ 45. Annual record-keeping and billing costs are $ 30 per customer. While the price of the basic service to customers is $ 30/month, 40% of customers buys the premium package at $ j50/month and 10% buy the superpremium package at $ 80/month. Over time, 80% of all customers remains with the company in the long run. The firm uses a discount rate of 8%. What is the average CLV for all customers?
Answer:
Average customer life value
CLV = 1260
Explanation:
[tex]Gross Margin \times\frac{retention}{1+discount-retention} )= CLV[/tex]
Fis, we will calcualteteh gross margin.
For that we need the revenue:
We will calculate the average revenue per year:
50% 30 dollars per month = 180
40% 50 dollars per month = 240
10% 80 dollars per month = 96
average annual revenue per customer: 516
now we ill calcualte the gross margin:
revenue 516
maintenance (45)
administrative (30)
gross margin 441
[tex]441 \times\frac{0.8}{1+0.08-0.80} )= CLV[/tex]
CLV = 1260
Andrew, a poor college student, drinks coffee late at night. He has no income and is buying cheap coffee, such as Beanlightened, that he grinds and then brews. The coffee tastes bad but its enough caffeine. He goes to Starbucks occasionally. After he graduates, he gets a job at a database firm as a prgrammer. His income is $75,000 a year. He ends up buying coffee daily at SB. This helps him get a Gold Star Reward Card, which allows him to get free refills. In economic terms, SB coffee is a(n) ____, while Beanlightened coffee is a(n) _____.
Andrew's demand for SB changed as a result of....
Answer:
According to the situation,
Starbucks coffee is a normal good and Bean-lightened coffee is an inferior good.
A normal good refers to a good whose demand is directly related with the income of an individual. So, an increase in the income of an individual will results in more demand for normal good.
A inferior good refers to a good whose demand is inversely related with the level of income of an individual. So, an increase in the income of an individual will results in less demand for inferior good.
Therefore, when Andrew was a college student, there is no income sources, so he prefer to drink Bean-lightened coffee that is an inferior good. But once he started earning then he prefer Starbucks coffee that is a normal good.
Hence, Andrew's demand for SB changed as a result of Increase in income.
Casey Nelson is a divisional manager for Pigeon Company. His annual pay raises are largely determined by his division’s return on investment (ROI), which has been above 24% each of the last three years. Casey is considering a capital budgeting project that would require a $6,100,000 investment in equipment with a useful life of five years and no salvage value. Pigeon Company’s discount rate is 20%. The project would provide net operating income each year for five years as follows:
Sales $ 5,400,000
Variable expenses 2,400,000
Contribution margin 3,000,000
Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $900,000
Depreciation 1,220,000
Total fixed expenses 2,120,000
Net operating income $ 880,000
Required: 1. What is the project’s net present value? (Round discount factor(s) to 3 decimal places.)
2. What is the project’s internal rate of return to the nearest whole percent?
3. What is the project’s simple rate of return? (Round percentage answer to 1 decimal place. i.e. 0.123 should be considered as 12.3%.)
The question involves computing financial metrics for a capital budgeting project: NPV, IRR, and simple rate of return. NPV and IRR require discounting future cash flows, while the simple rate of return is the incremental net operating income divided by initial investment, which results in 14.4% for this project.
The question asks for an analysis of a capital budgeting project using multiple financial metrics such as net present value (NPV), internal rate of return (IRR), and simple rate of return to determine the project's viability. To compute NPV, we must discount the project's net operating income for each year at the given discount rate of 20% and subtract the initial investment. However, calculating IRR would require trying different rates until the NPV equals zero, which is typically done using financial calculators or software. The simple rate of return can be found by dividing the annual incremental net operating income by the initial investment.
NPV is a valuable tool for assessing the profitability of a project by comparing the value of money today with the value of that same money in the future, taking inflation and returns into account. Given Pigeon Company's discount rate and the provided cash flows, calculating NPV would help Casey determine if the project's earnings exceed anticipated costs. Unfortunately, without being able to perform that calculation here, we cannot provide the exact NPV or IRR values. Still, the simple rate of return is the project's incremental net operating income excluding depreciation, divided by the initial investment, resulting in 14.4%.
For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable f. Decrease to Prepaid Rent g. Increase to Proudfoot, Capital h. Increase to Notes Receivable i. Decrease to Accounts Payable j. Increase to Interest Revenue
Answer:
(a) DR ,(b) DR ,(c) CR ,(d) DR, (e) CR, (f) CR, (g) CR, (h) DR ,(i) DR, (j) CR
Explanation:
(a) DR-This is an increase in current asset.
(b) DR-This is a decrease in deferred income i.e currently a liability.
(c) CR -This is an outflow of cash
(d) DR-
(e) CR-This represents increase in current liabilities.
(f) CR-Prepaid rent is a current asset item. This represents decrease in current assets.
(g) CR-
(h) DR-Notes Receivable is a current asset item. Increase represents increase in current asset.
(i) DR-Account payable is a current liability item.This represents decrease in current liability.
(j) CR-Interest revenue is an income item. This represents increase increase in income
In accounting, increases in Accounts Receivable, Unearned Revenue, Interest Expense, Prepaid Rent, Notes Receivable and Accounts Payable are recorded as debits (DR), while decreases in Cash, Salaries Payable, Proudfoot, Capital, and increases in Interest Revenue are recorded as credits (CR).
Explanation:In the field of accounting, certain rules are followed while recording changes in different accounts. These changes are usually recorded in the form of debits (DR) and credits (CR).
a. An increase to Accounts Receivable would be a Debit (DR).
b. A decrease to Unearned Revenue would be a Debit (DR).
c. A decrease to Cash would be a Credit (CR).
d. An increase to Interest Expense would be a Debit (DR).
e. An increase to Salaries Payable would be a Credit (CR).
f. A decrease to Prepaid Rent would be a Debit (DR).
g. An increase to Proudfoot, Capital would be a Credit (CR).
h. An increase to Notes Receivable would be a Debit (DR).
i. A decrease to Accounts Payable would be a Debit (DR).
j. An increase to Interest Revenue would be a Credit (CR).
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Green Caterpillar Garden Supplies Inc.
Balance sheet for year ending December 31 ($ million)
Current assets: Year 1 Year 2
Cash and equivalent 1384 1107
Account receivable 504 405
Inventories 1485 1188
Total Current assets 3375 2700
Net fixed assets
Net plant & equipment 4125 3300
Total assets 7500 6000
Liabilities and equity
Current liabilities:
Account payable 0 0
Accruals 70 0
Notes payable 399 375
Long term debt 1406 1125
Total debt 1875 1500
Common equity
Common stock 3656 2925
Retained earning 1969 1575
Total common equity 5625 4500
Total liabilities & equity 7500 6000
Statement #2: In Year 2, Green Caterpillar Garden Supplies Inc. was profitable. This statement is ____, because:
(A) Green Caterpillar’s total assets increased between Years 1 and 2.
(B) The cash and equivalents account increased between Years 1 and 2.
(C) Green Caterpillar’s retained earnings account increased between the end of Years 1 and 2.
Answer:
This statement is TRUE, because:
C) Green Caterpillar’s retained earnings account increased between the end of Years 1 and 2.
Explanation:
The only way to determine if a company was profitable is through the Net Profit in the Income Statement , if it was profitable it means that the result were allocated in Retained Earnings in the Balance Sheets because this account only growth with the results of the income statement, in this case the increase in the account was for $394.
Option A) is not true because the increase in total assets not only means a company´s positive results it could be because of the company increment the Accounts Receivable term and the Inventories which no means a positive result.
Option (B) in the case of cash increases it could be due to an increase in the total debt of the company as it's indicated in the Long Term Debt and because of new stock issues.
Both of this option are complementary to the option selected but this options alone doesn't indicate a profitabilty year.
Lori borrows 10,000 for 10 years at an annual e ective interest rate of 9%. At the end of each year, she pays the interest on the loan and deposits the level amount necessary to repay the principal to a sinking fund earning an annual e ective interest rate of 8%. The total payments made by Lori over the 10-year period is X: Calculate X:
Answer: $15,903
Explanation:
Given that,
Lori borrows = 10,000
Time period = 10 years
Interest rate = 9%
Sinking fund (Interest rate) = 8%
Two payments are involved;
(i) the interest payment on the loan
(ii) the payment to the sinking fund
Annual interest payment = 10000 × 9%
= $900
Payment to the sinking fund:
Amount to be accumulated by the end of the 10th year along with interest = $10000
Amount to be deposited at the end of each year:
= [tex]10,000\times\frac{0.08}{(1.08^{10}-1) }[/tex]
= $690.29
Total payment per annum = $1,590.29
Total payment for the 10 year period = 1590.29 × 10
= $15,903
According to the VRIO (value, rarity, imitability, organization) criteria, which of the following marketing or supply chain activities must be avoided by companies?
a. Activities that are hard to imitate
b. Activities that add value
c. Activities that contribute to organizational capabilities
d. Activities that are followed by other vendors
Answer:
D.
Explanation:
According to VRIO there are 4 questions asked about a resource or capability to determine its competitive potential:
The Question of Value: Is the firm able to exploit an opportunity or neutralize an external threat with the resource/capability?" (can it add value? )
The Question of Rarity: "Is control of the resource/capability in the hands of a relative few?"
The Question of Imitability: "Is it difficult to imitate, and will there be significant cost disadvantage to a firm trying to obtain, develop, or duplicate the resource/capability?" (can other vendors do the same activities?)
The Question of Organization: "Is the firm organized, ready, and able to exploit the resource/capability?" "Is the firm organized to capture value?"
With those 4 questions, we analize the statements.
a. It is in accordance with the question of imitability.
b. It is in accordance with the question of value.
c. It is in accordance with the question of organization.
d. It should be avoided. We don't want our activities to be imitated.
Charles lackey operates a bakery in Idaho, Falls Because of its excellent product location, demand has increased by 35% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be backed at one time. this new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,800 loaves per month. Employees are paid $8.00 per hour. In addition to the labor cost, Charles has a constant utility cost per month of $800 and a per loaf ingredient cost of $0.40.
current multifactor productivity for 640 work hours per month=
To calculate the current multifactor productivity, divide the number of loaves produced per month by the total input, which includes labor cost and utility cost.
Explanation:The current multifactor productivity can be calculated by dividing the output by the total input. In this case, the output is the number of loaves produced per month, which is 1,800. The total input includes the labor cost and the utility cost. Assuming there are 640 work hours per month, the labor cost is 640 hours multiplied by $8.00 per hour. The utility cost remains constant at $800 per month. So the total input would be the sum of the labor cost and the utility cost. Finally, divide the output by the total input to calculate the current multifactor productivity.
A university spent $1.7 million to install solar panels atop a parking garage. These panels will have a capacity of 300 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 10,472.99 17,454.99 5,818.33 11,636.66 If the solar panels can operate only for 10,473 hours a year at maximum, the project break even. Continue to assume that the solar panels can operate only for 10,473 hours a year at maximum. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least
Answer:
the solar panels need to operate 11,636.66 hours to brak even
at 10,473 hours per year the project don't break-even It will need a grant for 170.026,74 dollars to do so.
Explanation:
300 kilowatts x 0.1 = 30 dollars of saving per hour:
we need to find the couta of a present value of 1,700,000 for 20 years at 20% discount rate:
[tex]PV \div \frac{1-(1+r)^{-time} }{rate} = C\\[/tex]
PV $1,700,000.00
time 20
rate 0.2
[tex]1700000 \div \frac{1-(1+0.2)^{-20} }{0.2} = C\\[/tex]
C $ 349,106.102
Each hour saves 30 dollars
so 349,106.10/30 = 11.636,87 hours
IF the solar panels operate 10,473 hours per year then:
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 314,190
time 20
rate 0.2
[tex]314190 \times \frac{1-(1+0.2)^{-20} }{0.2} = PV\\[/tex]
PV $1,529,973.2565
the present value of the panel is 1,529,973.26
The university would need a grant for 170.026,74
Final answer:
Explanation of break-even calculation and grant needed for a solar panel installation project.
Explanation:
Break-even calculation:
Calculate the annual electricity generation: 300 kW x 10,473 hours = 3,142,900 kWh
Calculate the present value of operating the solar panels for 1 hour per year: PV = 300 kW x $0.10/kWh / (1 + 0.20) = $2.50
Find the break-even hours per year: $1.7 million / $2.50 = 680,000 hours
Grant needed: At least $1,700,000 to cover the initial investment cost
Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume that fixed interest rates are used throughout this question. Addison deposited $1,000 in a savings account at her bank. Her account will earn an annual simple interest rate of 5.8%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 9 years?
Answer:
FV= $1661
Explanation:
Giving the following information we need to calculate the money at the final:
PV= $1000
i=0,058
n=9 years.
We need to use the following formula:
FV= PV*[(1+i)^n]
In this exercise:
FV= 1000*[(1+0,058)^9]
FV= $1661
At the end of year 9, she will have $1661
Written, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 8% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year.
Assuming that $126,000 will be distributed as a dividend in the current year, how much will the preferred stockholders receive?
Final answer:
Preferred stockholders of Written, Inc. will receive the entire dividend distribution of $126,000 for the current year because the preferred stock is cumulative and dividends have been missed for the past two years.
Explanation:
The subject of this question is the distribution of dividends to preferred and common stockholders in a company context. To determine how much the preferred stockholders will receive from Written, Inc.'s dividend distribution of $126,000, we first need to calculate the total dividends owed to them, considering the dividends have been missed for the past two years and that the preferred stock is cumulative and nonparticipating.
The annual dividend per share for preferred stock is calculated as 8% of the stated value of $5, which amounts to $0.40 per share. Since there are 120,000 shares of preferred stock, the annual dividend to be distributed among all preferred shareholders equals $0.40 multiplied by 120,000, which amounts to $48,000.
Since the dividends are cumulative and have been missed for the past two years, we add the annual dividends for those two years to get a total of $48,000 x 3 (current year plus two past years) = $144,000. However, since the company is distributing only $126,000 this year, all goes to the preferred shareholders, and there is still a remaining deficit of $18,000 ($144,000 - $126,000) that the company will owe to the preferred shareholders. Hence, the amount that the preferred stockholders will receive this year is the entire dividend amount of $126,000 since their dividends are in arrears and must be paid before common stockholders receive any dividends.
The Defense Acquisition Management System (DAMS) process for major acquisition programs begins with identification through the ""DOTMLPF"" Analysis of a capability need requiring a _________________.
Answer:
The correct answer is Materiel Solution.
Explanation:
The Materiel Solution Analysis (MSA) Phase assesses potential solutions for a needed capability in an Initial Capabilities Document (ICD) and to satisfy the phase-specific Entrance Criteria for the next program milestone designated by the Milestone Decision Authority (MDA). The MSA phase is critical to program success and achieving materiel readiness because it’s the first opportunity to influence systems supportability and affordability by balancing technology opportunities with operational and sustainment requirements. During this phase, various alternatives are analyzed to select the materiel solution and develop the Technology Development Strategy (TDS) to fill any technology gaps.
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Final answer:
The Defense Acquisition Management System starts with the "DOTMLPF" Analysis to identify the need for a material solution. It forms part of an approach to ensure all capability requirements are considered, potentially leading to the initiation of a new acquisition program when existing solutions are inadequate.
Explanation:
The Defense Acquisition Management System (DAMS) process for major acquisition programs begins with the identification through the "DOTMLPF" Analysis of a capability need requiring a material solution. DOTMLPF stands for Doctrine, Organization, Training, Materiel, Leadership and Education, Personnel, and Facilities. It is an analysis process used by the Department of Defense to ensure that all aspects of providing new capabilities are addressed, not just the equipment. Before a program can move forward, a capability gap is identified, and the DOTMLPF Analysis determines whether changes to Doctrine, Organization, Training, Materiel, Leadership and Education, Personnel, or Facilities are needed to fill the gap. If it is determined that a material solution is required, then other potential solutions involving changes to existing equipment or procedures are generally deemed insufficient, and a new acquisition program may be initiated to develop this solution.
Ambrin Corp. expects to receive $2,000 at the end of each year for 10 years. Then the corporation expects to receive $3,500 per year for the following 10 years, at the end of each year. What is the approximate present value of this 20-year cash flow? Use an 8% discount rate.
(A) $2.547
(B) $24,294
(C) $27,870
(D) $32,389
Answer:
B) $24294
Explanation:
PVIFA = (1 - (1 + r)^-n)/r
= (1 - (1 + 8%)^-10)/8%
= 6.710
PVIF = 0.4632
present value = (amount expected to receive for the first 10 years)×(PVIFA) + (amount expected to receive for the second 10 years)×(PVIFA)×(PVIF)
= (2000)×(6.710) + (3500)×(6.710)×(0.463)
= $24293.6
≈ $ 24294
Future value (with changing years). Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $8 comma 000 for his CD investment. If the bank is offering a 3% interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a a. three-year investment period? b. five-year investment period? c. eight-year investment period? d. twenty-year investment period? a. How much will the $8 comma 000 CD investment at 3% interest rate be worth at maturity if Jonathan picks a 3-year investment period?
Answer:
A) FV= $8714.816
B) FV= $9274.193
C) FV= $10134.16
D) FV= $14449
Explanation:
Giving the following information:
Jonathan has $8000 for his investment.
The bank is offering a 3% interest rate, compounded annually.
To calculate the ending value if the investment, we need to use the Final Value formula.
FV= Present value* (1+interest rate)^number of years
FV= PV*(1+i)^n
A) FV= 8000*(1,03)^3= $8714.816
B) FV= 8000*(1,03)^5= $9274.193
C) FV= 8000*(1,03)^8= $10134.16
D) FV= 8000*(1.03)^20= $14449
Final answer:
Using the compound interest formula, the future value of Jonathan's $8,000 CD at a 3% annual interest rate for a 3-year investment period will be $8741.82.
Explanation:
To calculate the future value of a certificate of deposit (or CD) with compound interest, we use the formula A = P(1 + r/n)^(nt), where:
A is the amount of money accumulated after n years, including interest.P is the principal amount (the initial amount of money).r is the annual interest rate (decimal).n is the number of times that interest is compounded per year.t is the time the money is invested for in years.In Jonathan's case, his principal amount P is $8,000, the annual interest rate r is 3%, which is 0.03 in decimal form, and interest is compounded annually, so n is 1.
If Jonathan picks a 3-year investment period, the formula with his values plugged in becomes:
A = 8000(1 + 0.03/1)^(1*3)
Calculating this gives us:
A = 8000(1 + 0.03)^(3)
A = 8000(1.03)^(3)
A = 8000 * 1.092727
A = $8741.82
So, after a 3-year investment period at a 3% interest rate, compounded annually, the certificate of deposit would be worth $8741.82 at maturity.
Smith Company reported pretax book income of $417,000. Included in the computation were favorable temporary differences of $53,400, unfavorable temporary differences of $21,700, and favorable permanent differences of $41,700. Smith's deferred income tax expense or benefit would be:
Answer:
deferred income tax expense 31,700
Explanation:
book income 417,000
permanent differences: (41,700)
book taxable income 375,300
temporary difference
favorable (53,400)
unfavorable 21, 700
net (31,700)
Taxable income 343,600
As currently has a favorable difference, when this diffrence balance it will have deferred tax expense in the future for this amounts.
Which of the following is an example of physical capital?
a. bulldozers, backhoes and other construction equipment
b. a taxi-cab driver's knowledge of the fastest routes to take
c. the available knowledge on how to make semiconductors
d. All of the above are correct.
Marcie frequently requests meetings between her team and counterparts in Portland. She often spots issues that will affect both groups and wants to work openly on coordination so there are no surprises for anyone. Marci plays a ______ role for her team.-maintenance-leadership-task-cohesiveness-relationship
Answer:
leadership role
Explanation:
Leadership -
It is the action of the leading people of the organization for achieving goals .
The leaders influence and motivates and build up the morale of the other employees to attain a goal and success .
In the question , Marcie plays a role of a Team Leader , and motivates her team to work hard for the organization .
The stated purposed of NAFTA is to A. gain membership in the WTO. B. reduce the outsourcing of jobs to foreign countries. C. phase out all trade and tariff barriers among Canada, Mexico, and the U.S. D. increase product innovation in the wireless communication sector.
Answer:
C. phase out all trade and tariff barriers among Canada, Mexico, and the U.S
Explanation:
The North American Free Trade Agreement (NAFTA)
This agreement creates a bloc of trade for the region, Canada, Mexico and the US.
As state on "C" It result in the elimination or reduction of barriers to trade and investment between the countries.
It will be replaced in the following year by the United States–Mexico–Canada Agreement (USMCA)
But NAFTA will keep working until this new agreement is finished.
USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (2) QUESTIONS: Copeland Company's inventory records for the month of March reveal the following: Mar. 4 Purchase 250 units @ $18.50 Mar. 7 Sale 300 units @ $42.00 Mar. 13 Purchase 220 units @ $18.90 Mar. 18 Purchase 150 units @ $19.00 Mar. 22 Sale 380 units @ $42.00 Mar. 24 Purchase 200 units @ $19.20 Mar. 28 Sale 110 units @ $42.00 Copeland began the month of March with 300 units at a cost of $18.00 each. Required: Calculate cost of goods sold using periodic FIFO: $_______________ *when recording your answer, do not use commas or dollar signs.
Answer:
Total cost of goods sold= 14563
Explanation:
Giving the following information:
Copeland Company's inventory records for March
Beginning inventory: 300 units $18.00 each.
Mar. 4 Purchase 250 units $18.50 each.
Mar. 7 Sale 300 units $42.00 each.
Mar. 13 Purchase 220 units $18.90 each.
Mar. 18 Purchase 150 units $19.00 each.
Mar. 22 Sale 380 units $42.00 each.
Mar. 24 Purchase 200 units $19.20 each.
Mar. 28 Sale 110 units $42.00 each.
Inventory method: FIFO (first in, first out).
Cost of goods sold:
March 7: Revenue= 300u*$42= 12600
COGS= 300*18= 5400
Mar 22: Revenue= 380u*42= 15960
COGS= 250*18.5 + 130* 18.90= 7082
Mar 28: Revenue= 110*42= 4620
COGS= 90*18.90 + 20*19= 2081
Total cost of goods sold= 5400 + 7082 + 2081= 14563
A student spends a majority of his weekend playing and watching sports, thereby tiring him out and leading him to oversleep and often miss his Monday 8 AM math class. Suppose that the tuition per semester is $25,000 and the average semester consists of 15 units. If the math class meets three days a week, one hour each day for 15 weeks, and is a four-unit course, how much does each hour of math class cost the student? Design an algorithm that computes the cost of each math class.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Suppose that the tuition per semester is $25,000.
The average semester consists of 15 units.
The math class meets three days a week.
One hour each day for 15 weeks, and is a four-unit course.
First, we need to calculate the cost of each unit:
Cost of unit= 25000/15= $1666.67
Now, we calculate the number of hours of each math unit:
Hours per unit of math= (3hours*15 weeks)/4 units= 11.25 hours
this means that each hour of math costs= 1666.67/11.25= $148.15
Formula= Hourly cost*hours= $148.15*hours
The cost per hour of math class is $14.81.
Explanation:To determine the cost of each hour of math class, we need to calculate the cost per semester and then divide it by the number of hours the class meets.
Given that the tuition per semester is $25,000 and an average semester consists of 15 units, we can calculate the cost per unit by dividing the tuition by the number of units:
Cost per unit = $25,000 / 15 units = $1,666.67
Since the math class is a four-unit course, we can multiply the cost per unit by four to get the total cost of the math class:
Total cost of math class = $1,666.67 * 4 units = $6,666.67
Finally, to find the cost per hour of math class, we divide the total cost by the number of hours the class meets:
Cost per hour of math class = $6,666.67 / (3 days * 1 hour/day * 15 weeks) = $14.81
Christopher is an unpaid, stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter. Currently, Christopher is not looking for a paid job. The Bureau of Labor Statistics counts Christopher as...
a. neither in the labor force nor unemployed.
b. unemployed and in the labor force.
c. unemployed but not in the labor force.
d. in the labor force but not unemployed.
Answer:
The correct answer is option a.
Explanation:
The bureau of labor statistics calculates the data regarding the unemployment rate in the US economy. It calculates the unemployment rate as the ratio of total unemployed to the total labor force.
Those people who are having a job or business and are working for profit or those who are currently unemployed and looking for jobs are included in the labor force. Students, retirees, and discouraged workers are not included in the labor force.
Here, Christopher is neither working for profit nor looking for work so he will not be considered unemployed or in labor force.
Final answer:
Christopher is classified as neither in the labor force nor unemployed by the Bureau of Labor Statistics because he is not looking for a paid job and is not currently available to work. Hence, the correct option is A.
Explanation:
The question concerns how the Bureau of Labor Statistics (BLS) classifies individuals in the labor force. According to the BLS, someone who does not have a job, is not currently available to work, and has not actively looked for work in the last four weeks is not in the labor force. In the given scenario, Christopher is an unpaid, stay-at-home father who is not looking for a paid job. Hence, he is neither employed for pay nor actively seeking employment. Therefore, Christopher would be classified as neither in the labor force nor unemployed, which corresponds to option (a).
he cost for producing a certain product is $37 each. The fixed costs are $70,000. The selling price for each product is $72. 1. What is the revenue function? a. R(x) = 37x – 70,000 b. R(x) = 37x c. R(x) = 72x + 70,000 d. R(x) = 72x – 70,000 e. R(x) = 72x 2. What is the profit function? a. P(x) = 72x – 70,000 b. P(x) = 35x – 70,000 c. P(x) = 37x + 70,000 d. P(x) = 35x + 70,000 e. P(x) = 72x + 70,000 . 3. What is the break-even quantity? a. 2,500 b. 4,800 c. 1,846 d. 2,000 e. 4,500 4. What is the break-even point
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The Variable unitary cost= $37 each.
The fixed costs are $70,000.
The selling price for each product is $72.
1) revenue function= P*X
Revenue function= 72*x
Option E
2) Profit function= (P-Vc)*X-Fc
Profit function= 35*x-70000
Option B
3) break-even quantity= fixed costs/contribution margin
break-even quantity= 70000/35= 2000 units
Option D
4) break-even point ($)=fixed costs/contribution margin ratio
Contribution margin ratio= contribution margin/P= 0,49
break-even point ($)=70000/0,4861111= $144000
The revenue function is R(x) = 72x, the profit function is P(x) = (72x - 70,000) - (37x), the break-even quantity is 2,000 units, and the break-even point is $144,000.
Explanation:1. What is the revenue function?
The revenue function can be calculated by multiplying the selling price per product by the quantity sold. In this case, the selling price is $72, so the revenue function is R(x) = 72x, where x represents the quantity sold.
2. What is the profit function?
The profit function is calculated by subtracting the total cost from the total revenue. The total cost includes both the fixed cost and the variable cost per product. In this case, the profit function is P(x) = (72x - 70,000) - (37x).
3. What is the break-even quantity?
The break-even quantity is the point at which the total revenue equals the total cost, resulting in zero profit. To calculate the break-even quantity, set the profit function equal to zero and solve for x. In this case, the break-even quantity is 2,000 units.
4. What is the break-even point?
The break-even point is the value of total revenue and total cost at the break-even quantity. At this point, the firm is neither making a profit nor incurring a loss. In this case, the break-even point is $144,000.
Suppose you have $10,000 in cash and you decide to borrow another $10,000 at a 6% interest rate to invest in the stock market. You invest the entire $20,000 in an exchange-traded fund (ETF) with a 12% expected return and a 20% volatility. The volatility of your investment is closest to:
Answer:
0.40
Explanation:
(2) SD( Rxp) = βSD(Rp)= 2(0.20) = 0.40
Some people believe that government should guarantee its citizens a basic standard of living by raising the minimum wage, providing housing assistance to the poor, and offering health care coverage to everyone. What type of economist would favor this view?(A) Classical economists(B) Keynesians(C) Monetarists(D) All would favor this view
Answer:
The correct answer is option B.
Explanation:
The classical economists believed in Laissez-faire. They had the opinion that the economy can reach equilibrium on its own through the working of the market forces. They advocated no government intervention in the market.
The monetarists hold the belief that the government can affect the performance of the economy by controlling the money supply.
Keynesian economists believe that a government is necessary for the smooth functioning of the economy. They hold the view that market forces do not always work efficiently and there are situations where the market forces fail inefficient allocation of goods and services. In such situations government intervention is necessary.
Keynesians
Explanation:The type of economist who would favor the view of guaranteeing a basic standard of living by raising the minimum wage, providing housing assistance to the poor, and offering health care coverage to everyone is Keynesians. These economists believe in the importance of government intervention in the economy to stimulate aggregate demand and eliminate recessionary gaps. They view government policies, such as raising the minimum wage, as necessary to address income inequality and promote economic stability.
The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating Expenses, Rent Revenue, Building, Cash, Notes Payable, Land, Utilities Payable, Utilities Expense, Trucks, Gasoline Expense, Retained Earnings, Supplies, Accounts Payable, Office Furniture, Salaries Expense Common Stock, Service Revenue, Interest Expense, Dividends, Supplies Expense.
Required:
A. Create an accounting equation using the elements assets, liabilities, and stockholders’ equity.
List each account title under the element of the accounting equation to which it belongs.
B. Will all businesses have the same number of accounts? Explain your answer.
Answer:
[tex]\left[\begin{array}{ccc}$Assets= &$Liabilities&+$Equity\\$Cash&$Account Payable&$Common Stock\\$Supplies&$Utilities Payable&$Retained Earnings\\$Office Furniture&$Note Payable&$Equity(Revenue)\\$Bulding&&$Service Revenue\\$Land&&$Rent Revenue\\&&$Equity (expenses)\\&&$Operating Expense\\&&$Utilities Expense\\&&$Gasoline Expense\\&&$Salaries Expense\\&&$Interest Expense \\&&$Supplies Expense\\\end{array}\right][/tex]
(B) NO
Explanation:
(b) Each company will have the basic accounts like cash and account payable among other, but thre will be special account according to the taxes ,legislation and industry. A metal factory will not have the same chart of accounts than an internet provider company.
The labor force is comprised of those who are working for any number of hours (the employed) and those who are out of work but actively looking for a job (the unemployed). Calculate the size of the labor force. The size of the adult population is 30,000. The number working is 17,700 and the number of unemployed actively looking for work is 1,600. a. Labor Force: people A commonly reported labor statistic is the Labor Force Participation Rate 'LFPR':
Answer:
Labor force 19,300
Labor Force participation Rate: 64.33%
Explanation:
working population 17,700
unemployed actively looking for work 1,600
Total Labor Force 19,300
Labor Force Participation Rate (LFPR):
It is the quotient between the Labor force and the total number of people eligible for a job
19,300/30,000 = 0.6433 = 64.33%
This will be the percentage of the population over 16 year which, are actively looking for a job or are already hired in one.
Which of the following is an example of frictional unemployment? A. Dora lost her job when the textile mill closed. She does not have skills to work in another industry and has been unemployed for over a year. B. Marsha was laid off from her job with the airline because the recession has reduced the demand for airline travel. She expects to get her job back when the economy picks up. C. George is an unskilled worker who mows lawns in the summer, but is unemployed the rest of the year. D. Hector looked for a job for five weeks after finishing college. He turned down several jobs that didn't use his skills, but now has a job requiring the expertise he gained in college.
Answer:
The correct answer is D
Explanation:
Frictional unemployment is the time period between jobs when a worker is searching for or transitioning from one job to another. It can be voluntary based on the circumstances of the unemployed individual. Frictional unemployment exists because both jobs and workers are heterogeneous, and a mismatch can result between the characteristics of supply and demand. Such a mismatch can be related to skills, payment, work-time, location, seasonal industries, attitude, taste, and a multitude of other factors.
Answers A, B, C are examples of structural unemployment. Hector is unemployed because the jobs offering doesn't satisfy his requirements.
George is an unskilled worker who mows lawns in the summer but is unemployed the rest of the year. This is an example of frictional unemployment, which occurs when individuals are temporarily unemployed while transitioning between jobs or searching for new employment opportunities. Therefore, option C is correct.
Frictional unemployment refers to the temporary unemployment that occurs when individuals are between jobs or actively seeking new employment. It is a natural part of the labor market as workers transition and search for better job opportunities that match their skills and preferences.
Frictional unemployment can arise due to various factors such as job changes, layoffs, voluntary job separations, or recent entry into the labor force. It is considered relatively short-term and often occurs in a healthy and dynamic labor market where individuals have mobility and opportunities for job transitions.
Learn more about frictional unemployment here:
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