Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.67 every year in perpetuity. If the required return is 4.54 percent- The current stock price is $102.86
Explanation:
From the question the below mentioned information is given
Annual Dividend = $4.67
The required return =$4.54%=$0.0454
Let assume the current stock price be x
Current stock price= Annual Dividend/return required
x=$4.67/$0.0454=102.86
Therefore the current stock price is $102.86
Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.67 every year in perpetuity. If the required return is 4.54 percent- The current stock price is $102.86
Riveria Co. makes and sells a single product. The current selling price is $32 per unit. Variable expenses are $20 per unit, and fixed expenses total $43,200 per month. Sales volume for May totaled 4,100 units. Required: a. Calculate operating income for May. b. Calculate the breakeven point in terms of units sold and total revenues. c. Management is considering installing automated equipment to reduce direct labor cost. If this were done, variable expenses would drop to $14 per unit, but fixed expenses would increase to $67,800 per month. 1. Calculate operating income at a volume of 4,100 units per month with the new cost structure. 2. Calculate the breakeven point in units with the new cost structure. (Round your answer.) 3. Why would you suggest that management seriously consider investing in the automated equipment and accept the new cost structure
Answer:
Explanation:
Rivera Co
Selling price $32
Less Variable costs $20
Contribution $12
Sales Volume 4,100 units
A.
Sales = $131,200
Variable costs = $82,000
Contribution = $49,200
Fixed costs = $43,200
Gross profit/ operating income = $6,000
B.
Break even.point (units)= fixed costs divided by contribution per unit
= 43,200 / 12
= 3,600 units
Break even point sales = Break even point (units) x unit selling price
= 3,600 x $32
= $115,200
C.
Sales = $131,200
Variable costs = $57,40
Contribution = $73,800
Fixed costs = $67,800
Gross profit/ operating income = $16,000
D.
Break even.point (units)= fixed costs divided by contribution per unit
= 67,800 / ($32 - $14)
= 3,767 units
Break even point sales = Break even point (units) x unit selling price
= 3,767 x $32
= $120,533
E.
Management should consider the project because Operating income increased by $10,000.
However it takes more sales effort to break even (additional 167units more)
1. A county acquires equipment for $16,000,000 at the beginning of 2015. The equipment has an 8-year life, no residual value. At the beginning of 2021 (6 years later), the equipment is sold for $9,000,000. Use straight-line depreciation, if appropriate. The equipment is used for general operations and is reported in the general fund. What is reported in the general fund's operating statement, related to this equipment, in 2015? A. Expense of $16,000,000 B. The equipment is not reported in the operating statement C. Expense of $2,000,000 D. Expenditure of $16,000,000
Answer:
Is reported a Depreciation expense of $ 2,000,000 in the general fund's operating statement, related to this equipment, in 2015. The right answer is C
Explanation:
According to the given data we have the following:
equipment cost at the beginning of 2015=$16,000,000
equipment useful life=8-year
Therefore in order to to calculate what is reported in the general fund's operating statement, related to this equipment, in 2015 we would have to calculate the straight line depreciation with the following formula:
Straight line depreciation =( Cost - salvage value ) / useful life
Straight line depreciation = ( $16,000,000-0 ) / 8
Straight line depreciation =$ 2,000,000
Therefore, is reported a Depreciation expense of $ 2,000,000 in the general fund's operating statement, related to this equipment, in 2015
Answer:
C). Expense of $2,000,000
Explanation:
Straight line depreciation =
( Cost - salvage value ) / useful life
( 16,000,000-0 ) / 8 = 2,000,000
The Copy Department in the College of Business at State University provides photocopying service for both the Marketing and Economics Department. The following budget has been prepared for the year. Available capacity 6,000,000 pages Budgeted usage: Marketing 3,600,000 pages Economics 1,800,000 pages Cost equation $120,000 $0.025 per page If the Copy Department uses a dual rate for allocating its costs based on usage, how much cost will be allocated to the Marketing Department
Answer:
The correct answer is $170,000.
Explanation:
According to the scenario, computation of the given data are as follows:
We can calculate the cost allocated to Marketing by using following formula:
Total cost allocated = Fixed cost + Variable cost
Where, Fixed cost = (3,600,000 ÷ 5,400,000) × $120,000
= $80,000
And , Variable cost = $0.025 × 3,600,000 = $90,000
By putting the value, we get
Total cost allocated = $80,000 + $90,000
= $170,000
Final answer:
The total cost allocated to the Marketing Department by the Copy Department at State University is $162,000, calculated by multiplying the department's budgeted usage of 3,600,000 pages by the total cost per page of $0.045.
Explanation:
To determine how much cost will be allocated to the Marketing Department by the Copy Department at State University, we first need to understand that a dual rate for allocating costs includes both fixed and variable costs. The fixed costs are given as $120,000, and the variable cost is $0.025 per page. The total available capacity is 6,000,000 pages, and the budgeted usage for Marketing is 3,600,000 pages, and for Economics, it's 1,800,000 pages.
We begin by calculating the fixed cost per page by dividing the total fixed costs by the available capacity. This is $120,000 / 6,000,000 pages = $0.02 per page. Next, we add the variable cost per page of $0.025 to the fixed cost per page of $0.02 to get a total cost per page of $0.045.
Then, we can calculate the total cost to be allocated to the Marketing Department by multiplying their budgeted usage of 3,600,000 pages by the total cost per page of $0.045. Therefore, the Marketing Department will be allocated 3,600,000 pages × $0.045 per page = $162,000.
A review of Parson Corporation's accounting records found that at a volume of 144,000 units, the variable and fixed cost per unit amounted to $6 and $2, respectively. On the basis of this information, what amount of total cost would Parson anticipate at a volume of 137,000 units?
Answer:
1,110,000
Explanation:
Parson Corporation's
Volume of unit × Fixed cost per unit
144,000 unit ×2 cost per unit= 288,000
Volume of unit × Variable cost per unit
137,000 unit × 6 cost per unit = 822,000
Therefore
822,000+288,000= 1,110,000
Parson would anticipate 1,110,000 of total cost at a volume of 137,000 units.
Answer:
$ 1, 100,000
Explanation:
Total fixed costs=(2 x 144,000)= $288,000
Hence total cost at 137,000 units=Total fixed costs+Total variable costs
=$288,000 + (6 x 137,000)
=$1,110,000.
Angela is now going to evaluate a new salt process delivery system and wants to know if the upper and lower control limits at 3 standard deviations for the new system will meet the upper and lower controls specifications noted above. The population standard deviation is ? = .07. The data (in percent) from the initial trial samples are:
Sample 1: 1.98 2.11 2.15 2.06
Sample 2: 1.99 2.0 2.08 1.99
Sample 3: 2.20 2.10 2.20 2.05
Sample 4: 2.18 2.01 2.23 1.98
Sample 5: 2.01 2.08 2.14 2.16
Provide your findings to Angela. Please show all work.
a.What are the advantages and disadvantages of Frito-Lay drivers stocking their customers' shelves?
b.Why is quality a critical function at Frito-Lay?
Complete Question:
Frito•Lay's Quality•Controlled Potato Chips Frito-Lay, the multi-billion-dollar snack food giant, produces billions of pounds of odic( every year at its downs of US. and Canadian plants. From the fanning of potatoes—I brida, Moral Carolina, and Michigan—b factory and to retail stores, the ingredients and final product of Lay's chips, for example, are respected at least 11 Ines: h the field, before tnbadhg at the plant, after washing and peeling, at the sizing station, at he fryer, after seasoning, when bagged (for weight), at carton filling, h the warehouse, and as they are placed on the store shelf by Frib-Lay personnel. Similar inspections take place for ib other famous products, including Cheetos, Fritz, Ruffles, and Tostibs. In addition to these employee inspections, the firm uses proprietary vision systems to look for defective potato clips. Chips are pulled off the high-speed line and checked twice if he visits system senses them to be to brown. lire company follows the very strict standards of the American Institute of Baling (AIB), standards that are much tougher than those of the US. Food and Drug Administration. Two warnourted AIB site visits per year keep Frito-Lay's plants cn their toes. Scores, consistently in the "excellent' range, are posted, and every employee knows exactly how the plant is doing. There are two key metrics in Frito-Lay's continuous improvement quality program: (1) total customer complaints (measured on acomplabb per million bag basis) and (2) horror daily statistical process control scores (far oil, moisture, seasoning, and salt content, for chip thickness, for fryer temperature, and for weight). In the Florida plant, Angela McCormack, who holds engineering and MBA degrees, oversees a 16-member quality assurance staff. They watch all aspects of quality, including trailing employees on the factory floor, monitoring automated processing eq.ibment, and developing and updating statistical process control (SPC) charts. The upper and lower control limits for one checkpoint, salt content in Lay's chips, are 2.22% and 1.98%, respectively. To see exactly how these limits are created using SPC, watch the vkleco that accompanies this case. Angela is now gonged b evaluate a new salt process delivery system and wants to Prow if the per and bv.er control limits at 3 standard deviations for the new system will meet the upper and lower control specifications noted above. the data (in percents) from the initial trial samples ae:
Sample 1:1.98, 2.11, 2.15, 206
Sample 2: 1.99, 2.0, 208, 1.99
Sample 3: 2.20, 2.10. 220, 205
Sample 4: 2.18, 2.01, 223, 1.98
Sample 5: 2.01, 2.08, 2.14, 216
Provide the report to Angela
Answer and explanation:
check the attached file for comprehensive step by step solution
The mean of each sample was calculated and then used to determine an overall mean, which was then utilized to compute upper and lower control limits. The standard deviation was incorporated into this calculation. The computed control limits were recommended for comparison with the system's specifications.
Explanation:To evaluate the new salt process delivery system, we will first calculate the mean of each sample, and then calculate the overall mean. When we have the overall mean, we can compute the upper and lower control limits.
Mean of Sample 1 = (1.98 + 2.11 + 2.15 + 2.06)/4 = 2.075Mean of Sample 2 = (1.99 + 2.0 + 2.08 + 1.99)/4 = 2.015Mean of Sample 3 = (2.20 + 2.10 + 2.20 + 2.05)/4 = 2.1375Mean of Sample 4 = (2.18 + 2.01 + 2.23 + 1.98)/4 = 2.10Mean of Sample 5 = (2.01 + 2.08 + 2.14 + 2.16)/4 = 2.0975The overall mean is then (2.075 + 2.015 + 2.1375 + 2.10 + 2.0975)/5 = 2.085
Using the formula for control limits, which is mean ± (3 × standard deviation), and given the standard deviation is 0.07, the upper control limit will be 2.085 + (3 × 0.07) = 2.295 and the lower control limit will be 2.085 - (3 × 0.07) = 1.875. Angela should compare these control limits with the system's specifications.
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1. The monthly market shares of General Electric Company for 12 consecutive months follow. Develop three-month and four-month moving averages for this time series. Comparing the three-month and the four-month moving average, which one provide the better forecasts based on MSE? Explain your reasoning.
Answer:
MSE for 3-month MA = 0.0790
for 4-month, it is 0.066
Hence, 4-month MA is better.
Explanation:
In statistics, the mean squared error, MSEor mean squared deviation (MSD) of an estimator that is of a procedure for estimating an unobserved quantity, measures the average of the squares of the errors, that is, the average squared difference between the estimated values and the actual value.
This is used to ascertain the preferred or better forecast from 2 or more given parameters.
Kindly check the attachment for the step by step explaination of the MSE forecast.
Final answer:
The question involves calculating the three-month and four-month moving averages for General Electric Company's monthly market shares and determining which average provides better forecasts by comparing their Mean Square Errors.
Explanation:
The question involves applying moving averages, a statistical technique used extensively in time series analysis, to the monthly market shares of General Electric Company. To start, three-month and four-month moving averages will be calculated by taking the average of every three and four consecutive months respectively. This method smooths out short-term fluctuations and highlights longer-term trends or cycles. Calculating these moving averages and then comparing their Mean Square Error (MSE) will help in determining which moving average provides a better fit or more accurate forecast of the data. The MSE is calculated by taking the average of the squares of the errors, which are the differences between the actual values and the values predicted by the model. A lower MSE indicates a better fit to the data. Without the actual data provided in the question, specific calculations cannot be performed in this response.
In essence, if one aims to remove or reduce the impact of seasonal variations and better understand underlying trends in time series data, moving averages can be a powerful tool. The decision between using a three-month or four-month moving average would depend on which provides a lower MSE, indicating it is better at forecasting or smoothing the data while minimizing the error between the predicted and actual values.
Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 73 units at $99 10 Sale 48 units 15 Purchase 93 units at $105 20 Sale 53 units 24 Sale 13 units 30 Purchase 27 units at $111 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players
Answer:
Sale - November 10
Cost of Sales
= 48 units × $99
= $4,752
Inventory Balance
=25 units × $99
=$2,475
Sale - November 15
Cost of Sales
=53 units × $105
= $5,565
Inventory Balance
40 units × $105 = $4,200
25 units × $99 = $ 2,475
Total = $6,675
Sale - November 24
Cost of Sales
= 13 units × $105
= $ 1,365
Inventory Balance
27 units × $105 = $ 2,835
25 units × $99 = $ 2,475
Total = $5,310
Explanation:
LIFO Inventory System sells the Recently Acquired Inventory First followed By Older Inventory Acquired.
Final answer:
Using the LIFO method, we calculate COGS for each sale date by using the most recent inventory costs first. The total COGS for Nov 10 is $4752, Nov 20 is $5565, and Nov 24 is $1365. Remaining inventory is updated after each transaction, with the most recent purchase prices used first.
Explanation:
Perpetual Inventory Using LIFO
When applying the Last-In, First-Out (LIFO) method in a perpetual inventory system, the most recent inventory costs are used first when calculating the cost of goods sold (COGS). Let's determine the COGS for each sale and the ending inventory balance after each sale:
November 10 Sale of 48 units: We have only the beginning inventory, so all 48 units at $99 are sold, totaling $4752 in COGS.
November 20 Sale of 53 units: We have 25 units left from the beginning inventory at $99 and we sold 28 units from the new purchase at $105, totaling $2625 (25 units x $99) + $2940 (28 units x $105) = $5565 in COGS.
November 24 Sale of 13 units: All 13 units are from the new purchase at $105, totaling $1365 in COGS.
The remaining inventory after each sale would be calculated by deducting the COGS from the total inventory available before the sale. After the sales on November 10, 20, and 24, and the purchase on November 15, the balance is 73 units - 48 units sold + 93 units purchased - 53 units sold - 13 units sold = 52 units at $105. When the additional 27 units are purchased on November 30 at $111, the inventory balance will include these new units at the higher price, with the older inventory listed thereafter.
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Consider a mutual fund with $300 million in assets at the start of the year and 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $1.5 million. The stocks included in the fund's portfolio increase in price by 7%, but no securities are sold and there are no capital gains distributions. The fund charges 12b-1 fees of .75%, which are deducted from portfolio assets at year-end. a. What is the fund's net asset value at the start and end of the year?
Answer: Start = $300 million
End = $318.59 million
Explanation:
NAV can be calculated by dividing the funds Assets net of Liabilities by the total number of outstanding shares.
At start of the year NAV is $300 million and NAV per share is therefore,
= 300 million/ 10 million
= $30 per share.
Ending NAV
During the year the fund made Investments and increased by a price of 7%
= 300 million (1 + 0.07)
= $321 million
We still have to subtract the 12b-1 fees that the fund charges though and that would result in,
= 321 million * (1 - 0.0075)
= 318.5925
= $318.59 million.
Dividing this by the total number of outstanding shares we have,
= 318.59 /10
= $31.86
$31.86 is the NAV per share at year end.
A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the beginning of the year and 4.3 million shares outstanding at the end of the year. No dividends were declared during the year. What is the company’s earnings per share (EPS) for the year? (
THE COMPANY'S EARNING PER SHARE FOR THE YEAR WILL BE $2.30 PER SHARE.
Explanation:
FOR CALCULATING EARNING PER SHARE WE HAVE TO USED THE FOLLOWING FORMULA:
EARNING PER SHARE = [tex]\frac{NET INCOME}{AVERAGE OF COMMON STOCK}[/tex]
GIVEN:
NET INCOME = $9,660,000
NO. OF OUTSTANDING SHARE AT BEGINNING OF YEAR = 4,100,000
NO. OF OUTSTANDING SHARE AT END OF YEAR = 4,300,000
AS PER GIVEN FORMULA :
AVERAGE COMMON STOCK OUT STANDING = [tex]\frac{4,100,000+4,300,000}{2}[/tex] = 4200000 SHARES
NOW WE WILL FIND EARNING PER SHARE USING ABOVE FORMULA:
[tex]\frac{9,660,000}{4,200,000}[/tex]
EARNING PER SHARE = $ 2.30 PER SHARE
Below are a number of transactions that took place in Willie Corporation during the past year:
Indicate how each of them would be classified on a statement of cash flow by selecting the appropriate option from the dropdown provided under Activity and Cash inflow/Outflow. (If no option is suitable, select option "None".)
Options for Activity: Financing, Investing, None, or Operating
Options for Cash Inflow / Outflow: Cash Inflow, Cash Outflow, or None
ACTIVITY CASH INFLOW/OUTFLOW
A.) Common stock was sold for cash:
B. Equipment was sold for cash
C. A long term loan was made to a subsidiary
D. Interest was received on loan to subsidiary
E. Interest Payable, a curren liability, was reduced
F. A stock dividend was declared and issued on common stock
G. A building was acquired by issuing shares of common stock
H. Accrued Income Taxes, a current liability account, was reduced
I. Long term investments were sold
J. Cash dividends were declared and paid.
K. Preferred stock was sold for cash
L. Bonds were retired
M. Dividends were received on an investment
N. Equipment was purchased by giving a long term note to the seller
Answer:
A. Common stock was sold for cash: Financing
B. Equipment was sold for cash Investing
C. A long term loan was made to a subsidiary Investing
D. Interest was received on loan to subsidiary Investing
E. Interest Payable, a current liability, was reduced Operating
F. A stock dividend was declared and issued on common stock None
G. A building was acquired by issuing shares of common stock None
H. Accrued Income Taxes, a current liability account, was reduced Operating
I. Long term investments were sold Investing
J. Cash dividends were declared and paid. Financing
K. Preferred stock was sold for cash Financing
L. Bonds were retired Financing
M. Dividends were received on an investment Investing
N. Equipment was purchased by giving a long term note to the seller None
New Gadgets, Inc., currently pays no dividend but is expected to pay its first annual dividend of $4.80 per share exactly 5 years from today. After that, the dividends are expected to grow at 3.3 percent forever. If the required return is 11.1 percent, what is the price of the stock today?
Answer:
The price of the stock today is $40.39
Explanation:
The price of the stock today can be calculated using the constant growth model of the DDM approach. The constant model is used whenever the expected dividend is expected to grow at a constant rate forever. The formula for price today is,
P0 = D1 / r -g
Where we use D1 that is dividend expected for the next year to calculate price today. As the company will pay dividend in the year 5 that is D5, we will calculate the price using this model that will be price at Year 4 and dicount it back for 4 years to calculate the price today.
P0 = [4.8 / (0.111 - 0.033)] / (1+0.111)^4
P0 = $40.39
The price of the stock today for New Gadgets, Inc., given the provided parameters and using the Gordon Growth Model for calculation, equates to approximately $18.81 per share.
Explanation:The subject of your question pertains to the field of finance, and more specifically, the calculation of the inherent value of a company's stock. For the case of New Gadgets, Inc., we should apply the Gordon Growth Model (a variant of the Dividend Discount Model) to determine the current price of the stock. With the specification that the firm starts paying dividends in the 5th year, we discount this future dividend using the formula for the present value of growing perpetuity: P = D / (r - g), where D represents the amount of the dividend ($4.80); r the required return (11.1%), and g the growth rate of dividends (3.3%). However, since the first dividend will only be paid in 5 years, we must discount this derived price for the additional years (in this case, 5 years) at the required return. The formula becomes: P = D / ((1 + r) ^ n * (r - g)) which simplifies to P = $4.80 / ((1 + 0.111) ^ 5 * (0.111 - 0.033)). After doing the math, the computed price of the share today comes out to be around $18.81.
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Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40% of the $11 unit cost and that annual demand is about 235 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal? a) For what value of ordering cost would its action be optimal? Its action would be optimal given an ordering cost of $___________per order (round your response to two decimal places)
Answer:
Its action would be optimal given an ordering cost of $28.31 per order
Explanation:
According to the given data we have the following:
economic order quantity, EOQ= 55 units
annual demand, D=235
holding cost per one unit per year, H=40%×$11=$4.4
ordering cost, S=?
In order to calculate the ordering cost we would have to use the following formula:
EOQ=√(2×D×S)
(H)
Hence, S=(EOQ)∧2×H
2×D
S=(55)∧2×4.4
2×235
S=13,310
470
S=$28.31
Its action would be optimal given an ordering cost of $28.31 per order
Its action would be optimal given an ordering cost of $28.32 per order.
a. Ordering cost
First step is to calculate the carrying cost
Carrying cost= 11x40%
Carrying cost=4.4
Second step is to calculate the ordering cost
Ordering cost=Order unit^2(Carrying cost)/2(Annual demand)
Ordering cost=55^2(4.4)/2(235)
Ordering cost=13,310/470
Ordering cost=$28.32
b. If the true ordering cost turns out to be much less than your answer to part (a). The impact on the firm's ordering policy is to reduce the order quantity.
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On January 2, 2021, L Co. issued at face value $26,000 of 4% bonds convertible in total into 2,200 shares of L's common stock. No bonds were converted during 2021. Throughout 2021, L had 2,200 shares of common stock outstanding. L's 2021 net income was $8,000. L's income tax rate is 25%. No potential common shares other than the convertible bonds were outstanding during 2021. L's diluted earnings per share for 2021 would be:
Final answer:
The diluted earnings per share (EPS) for L Co. is calculated by dividing the net income minus any preferred dividends by the sum of outstanding shares and dilutive potential shares from convertible securities. L Co.'s diluted EPS for 2021 is $1.36364 after accounting for the tax rate.
Explanation:
The student asked how to calculate diluted earnings per share (EPS) for L Co. for the year 2021, considering that L Co. has convertible bonds that could potentially be converted into shares of common stock. To find the diluted EPS, we first need to calculate the net income available to common stockholders and then divide this by the diluted number of shares outstanding. The formula for diluted EPS is Net Income - Preferred Dividends / Average Shares Outstanding + Dilutive Convertible Securities.
Since no preferred dividends are mentioned, we assume there are none, and the net income is $8,000. For the diluted number of shares, we add the shares that the bonds could convert into. L Co. has 2,200 shares outstanding and can be converted into another 2,200 shares via bonds. Therefore, the diluted number of shares would be 2,200 (existing) + 2,200 (potential from conversion), giving us a total of 4,400 shares.
Diluted EPS = Net Income / (Existing Shares + Convertible Shares) = $8,000 / 4,400 = $1.81818. This value is pre-tax and to get the after-tax diluted EPS, you would multiply by (1 - Tax Rate), so $1.81818 * (1 - 0.25) = $1.36364.
IDS false alarms cause ________. 1. companies to ignore IDS alerts 2. companies to install multiple IDSs using different methods 3. Both companies to ignore IDS alerts and companies to install multiple IDSs using different methods 4. Neither companies to ignore IDS alerts nor companies to install multiple IDSs using different methods
Answer:
The correct answer is letter (1): companies to ignore IDS alerts.
Explanation:
An Intrusion Detection System (IDS) is a software destined for the detection of unauthorized access in devices or a network. The systems administrator can manage the recognition of an intruder thanks to an alert that is activated when such a thing happens.
The problem comes when false IDS alarms are repeated constantly. At a certain point, the system administrator might ignore the IDS alert but it is recommended that every single alarm be analyzed for a real or false possible threat.
Intrusion Detection Systems (IDS) false alarms can make companies ignore alerts due to frequent non-threat alerts (alarm fatigue) or compel them to install multiple IDSs using varied methods to reduce the occurrence of false alarms.
Explanation:IDS (Intrusion Detection Systems) false alarms can often lead to 1. companies ignoring IDS alerts, and 2. companies installing multiple IDSs using different methods. This is because false alarms can cause alarm fatigue, where the frequent occurrence of false alerts leads to complacency, making companies less likely to respond to genuine threats. On the other hand, in attempts to reduce the number of false alarms, companies could use various detection methods and opt for multiple IDS systems.
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The Detroit designated market area (DMA) has approximately 2 million television households. Audience research shows that 60 percent of these households had their sets turned on during a particular Saturday evening and 300,000 households were watching the Detroit Pistons in a playoff game. The program rating for the game in the Detroit DMA is _____ while the share of audience is ____.
Answer:
Program rating 25%
Share of audience is 15
Explanation:
program rating = 30000/ 60%x 2million = 25%
Mr. Ballard retired in 2018 at age 69 and made his first withdrawal of $35,000 from his traditional IRA. At year-end, the IRA balance was $441,000. In 2019, he withdrew $60,000 from the IRA. At year-end, the account balance was $407,000. Determine how much of each annual withdrawal was taxable assuming that: Mr. Ballard made $320,000 nondeductible contributions to the IRA. Mr. Ballards contributions to the IRA were fully deductible.
Answer:
a)
Contributions amounting to $320,000 were non deductible.
First year of withdrawal:
Taxfree withdrawal % = Uncovered Investments / Current year value x 100
Taxfree withdrawal % = [$320,000 / ($441,000 + $35,000)] x 100
Taxfree withdrawal % = [$320 / $476,000] x 100
Taxfree withdrawal % = 67.23%
Amount of taxfree withdrawal = 67.23% x $35,000
Amount of taxfree withdrawal = $23,530.5
Taxable amount = Total Withdrawal - Tax free withdrawal
Taxable amount = $35,000 - $23,530.5
Taxable amount = $11,469.5
Second year of withdrawal:
Taxfree withdrawal % = [($320,000 - $23,530.5) / ($407,000 + $60,000)] x 100
Taxfree withdrawal % = [$296, 469.5 / $467,000] x 100
Taxfree withdrawal % = 63.48%
Amount of taxfree withdrawal = 63.48% x $60,000
Amount of taxfree withdrawal = $38,088
Taxable amount = $60,000 - $38,088
Taxable amount = $21,912
b)
$35,000 would be included in taxable income in first year and $60,000 would be included in taxable income in second year.
Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Volume Resources used Energy $ 0.50 per machine-hour 8,000 machine-hours Repairs $ 13 per job 800 jobs Resources supplied Energy $ 7,600 Repairs $ 12,700 Sales revenue from finishing totaled $37,000. Required: a. Prepare a traditional income statement. b. Prepare an activity-based income statement.
Solution:
a. To Prepare a traditional income statement.
Finishing Sales 37,000.00
Energy Costs 7,600.00
Repair Costs 12,700.00
20,300.00
Operating Profit 16,700.00
b. To Prepare an activity-based income statement.
Resources Used Unused Resources Resources Supplied
Finishing Sales 37,000.00
Costs
Volume Related Energy 4,500 3,000 7,600.00
Batch Related Repairs 10,500 2,100.00 12,700.00
Total Costs 15,000 5,100 20,100.00 20,100.00
Finishing Operating Profits 15,900.00
Flingers Inc. reveals the following information in their annual report for FY 2004. Earnings and Expenses Sales $10,000,000 Cost of goods sold $5,000,000 Pre-tax earnings $500,000 Merchandise inventory $80,000 Total assets $2,000,000 What is Flingers' return on assets?
Answer:
25%
Explanation:
Given: Sales= $10,000,000
Cost of goods sold= $5000000.
Pre-tax earning= $500000.
Merchandise inventory= $80000.
Total assets= $2000000.
Now, computing the value of return on assets.
Formula; [tex]Return\ on\ assets= \frac{Net\ income}{Average\ total\ assets} \times 100[/tex]
⇒ [tex]Return\ on\ assets= \frac{500000}{2000000} \times 100[/tex]
⇒ [tex]Return\ on\ assets= 0.25 \times 100[/tex]
∴ Return on assets= [tex]25\%[/tex]
Hence, Flinger´s return on assets is 25%
Cornish Company had the following results of operations for the past year: Sales (20,000 units at $22) $ 440,000 Direct materials and direct labor $ 200,000 Overhead (40% variable) 100,000 Selling and administrative expenses (all fixed) 92,000 (392,000 ) Operating income $ 48,000 A foreign company (whose sales will not affect Cornish's market) offers to buy 3,000 units at $17.00 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $500 and selling and administrative costs by $1,000. If Cornish accepts the offer, its profits will:
Answer:
Increase by $13,500
Explanation:
Cornish Company
Selling price per unit$17.00
Variable costs per unit
Direct materials and direct labor($200,000/20,000 units)$10.00
Variable overhead[(40% * $100,000)/20,000 units]2.00
Total variable costs per unit($12.00)
Contribution margin per unit$5.00 Units in order* 3,000units
Total contribution margin$15,000
Less incremental fixed costs:
Overhead$500
Selling and administrative1,000
Total incremental fixed costs($1,500)
Incremental income from order$13, 500
Therefore If Cornish accepts the offer, its profits will increase by $13,500
Sheela Dairy Corporation buys unprocessed cows' milk from local farmers. At the dairy, this unprocessed milk is broken down into cream and low-fat milk. The cream can be sold at this point or can be further processed into butter. Which of the following would be relevant in the decision to further process the cream into butter?Question 3 options:a. the amount paid to the farmers to purchase the unprocessed milk.b. the cost of breaking down the unprocessed milk into cream and low-fat milk.c. the portion of corporate fixed expenses that are currently being allocated to cream.d. none of these
Answer:
The answer is D) None of these statement is relevant in the decision to further process the cream into butter.
Explanation:
option A) the amount paid to the farmers to purchase the unprocessed milk: this information is not relevant to further develop the cream and low fat milk to butter. It was already considered before this stage of production.
Option B) the cost of breaking down the unprocessed milk into cream and low-fat milk: this cost was already accounted for since the processing into cream and low fat milk is completed.
Option C) the portion of corporate fixed expenses that are currently being allocated to cream: This information is not going to help in the decision making for further processing.
Ellen Kelly Inc. had 31,300 shares of $.50 par common stock 10,000 shares of 5%, $20 par cumulative preferred stock and 5,000 shares of 5%, $10 par preferred stock convertible into 3,800 common shares. Net income after taxes was $55,779. No dividends were declared during the year. The numerator in the Diluted EPS would be $________
Answer:
10,000 common stock.
The EPS = earnings per share = Earnings before tax divided by outstanding common stock in issue
If project A generates $10 million of free cash flow over its five year useful life and project B generates $8 million of free cash flow over its useful life, then Project A will have a shorter payback period than Project B, assuming both projects require the same initial investment.
Answer: False
Explanation:
This seems to me like a True or False question and the answer would be False.
Payback period is calculated on the basis of the timing of cash flows and since we do not know the useful life of Project B neither do we know the timing of it's cash flows, we cannot say for certain that Project A has a shorter Payback period.
For example, the initial investment could be $5 million for instance but Project A only pays $10 million on its 5th year whereas Project B had a useful life of 4 years and paid $2 million each of those years. Meaning it would have paid back before the end of the 3rd year.
If you need any clarification do react or comment.
What is the purpose of a study
Answer:
Stephen Kim, a Korean-American highschool student says, "The purpose of studying is 50% for survival and 50% out of interest, passion, and curiosity."
Explanation:
No study = poor paying job or no money. No money = no food, water because money is your trading token to get anything in this world.
The world is based off of money and the ammount of money you make is from your educaiton. It sucks but what are you going to do about it?
What's the purpose of living without happienss? That's why you study 50% because of passion, curisoity, or etc. What would happen if I go inside the black hole? Study science and build something and get in there.
What is North Korea like? Study politics and econmoics and go undercover to see what's it's like.
I want an ironman suit to fight crime and protect this world against violent people. Study engineering and physics and build one.
You study half for survival and half out of curisity, interest, and passion.
Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of $3,000. The division sales for the year were $1,047,000 and the variable costs were $860,000. The fixed costs of the division were $190,000. If the mountain bike division is dropped, 30% of the fixed costs allocated to that division could be eliminated. The impact on operating income for eliminating this business segment would be: Multiple Choice $187,000 decrease $130,000 decrease $187,000 increase $54,000 decrease $57,000 decrease
The following information relates to the Magna Company for the upcoming year, based on 402,000 units. Amount Per Unit Sales $ 11,256,000 $ 28.00 Cost of goods sold 6,834,000 17.00 Gross margin 4,422,000 11.00 Operating expenses 482,400 1.20 Operating profits $ 3,939,600 $ 9.80 The cost of goods sold includes $1,380,000 of fixed manufacturing overhead; the operating expenses include $118,000 of fixed marketing expenses. A special order offering to buy 68,000 units for $16.95 per unit has been made to Magna. Fortunately, there will be no additional operating expenses associated with the order and Magna has sufficient capacity to handle the order. How much will operating profits be increased if Magna accepts the special order?
Answer:
Incremental income is $ 229,840
Explanation:
Computation of additional income
Incremental Revenues from the order 68,000 units at $ 16.95 $ 1,152,600
Cost of Goods sold
Existing Cost of Goods sold $ 6.834,000
Less: Fixed Manufacturing overhead $ 1,380,000
Variable cost of goods sold $ 5,454,000
Existing production units 402,000
Variable Cost of goods sold per unit 13.57 per unit
Incremental cost of goods sold 68,000 * $ 13,57 $ 922.760
Incremental income $ 229,840
No increase is considered in fixed manufacturing overhead since it is fixed and sufficient capacity is available for the order. No incremental operating expenses is also envisaged as per then info in the question
Assume that a bank receives a cash deposit of $9,000 from a customer. What is the immediate impact of this transaction on the money supply? Explain. Suppose that the reserve requirement is 10 percent and banks voluntarily keep an additional 10 percent in reserves. Calculate each of the following. The maximum amount by which this bank will increase its loans from the transaction in part (a) The maximum increase in the money supply that will be generated from the transaction in part (a) Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply. Explain what will happen to the money demand.
Answer:
the money multiplier = 1 / reserve ratio
in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5
What is the immediate impact of this transaction on the money supply?
None, since the money supply doesn't change. When a customer deposits money in a bank, the money does not increase, only its composition changes.The maximum amount by which this bank will increase its loans from the transaction in part (a)
the bank will be able to loan ⇒ total deposit x (1 - reserve ratio) = $9,000 x (1 - 20%) = $7,200The maximum increase in the money supply that will be generated from the transaction in part
since the banks started to "create" money by lending the money, the money supply will increase by ⇒ total deposit x (money multiplier - 1) = $9,000 x 4 = $36,000Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply.
The money supply will increase.Explain what will happen to the money demand.
The money demand will also increase because aggregate demand and income will increase. Aggregate demand will increase by ⇒ $9,000 x government multiplier. The government multiplier = 1 / MPS.When the money multiplier is = 1 / reserve ratio in this case, the reserve ratio is 10% (required) + 10% (voluntary) is = 20%, so the money multiplier = 1/20%=5
What is Money Supply?
None, since when the money supply doesn't switch. When a consumer deposits money in a bank, the money does not improve, only its formatting changes.
The greatest amount by which this bank will increase its loans from the transaction in part (a)
When the bank will be able to loan is ⇒ The total deposit x (1 - reserve ratio) = $9,000 x (1 - 20%) = $7,200
The greatest increase in the money supply that will be generated from the transaction in part
since the banks started to "complete" money by lending the money, the money supply will increase by ⇒ total deposit x (money multiplier - 1) = $9,000 x 4 = $36,000
Suppose that the government rise spending by $9,000, which is financed by a sale of bonds to the central bank. Also, The Foreshadow what will transpire to the money supply.
The money supply will grow. The money demand will also rise because aggregate demand and income will increase.
Aggregate demand will improve by ⇒ a $9,000 x government multiplier. The government multiplier = 1 / MPS.
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Hardware is adding a new product line that will require an investment of $ 1 comma 450 comma 000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $ 320 comma 000 the first year, $ 280 comma 000 the second year, and $ 230 comma 000 each year thereafter for eight years. The investment has no residual value. Compute the ARR for the investment.
Answer:
6.83%
Explanation:
The computation of the accounting rate of return is shown below:
As we know that
Average accounting rate of return = Average annual operating income ÷ Initial Investment
where,
Average annual operating income is
Year 1 net cash inflow $320,000
Year 2 net cash inflow $280,000
Years 3-10 ($230,000 × 8) $1,840,000
Total net cash flows $2,440,000
Less: Total depreciation ($1,450,000)
$990,000
Divided it by years of life ÷ 10 years
Average annual operating income $99,000
So,
Average accounting rate of return is
= $99,000 ÷ $1,450,000
= 6.83%
What traditional recruitment method communicates the firm's employment needs to the public through media such as newspapers and industry publications? advertising job fairs internships recruiters
Answer:
The correct answer is letter "A": advertising.
Explanation:
Advertising has been the most common form of publishing job offerings. Mostly, companies use newspapers to post new job opportunities but other mediums of information such as radio or television are also utilized. Though, nowadays most recruiters are increasing the use of social media platforms like LinkedIn to capture prospective employees.
Final answer:
Advertising in traditional media like newspapers and industry publications is a key method for firms to communicate job opportunities. The rise of the internet and sites like LinkedIn has made job seeking easier, but a mix of active and passive job search strategies is recommended for best results.
Explanation:
The traditional recruitment method that communicates a firm's employment needs to the public through media such as newspapers and industry publications is known as advertising. This method is a key component of what's often called the 'visible job market', wherein employers actively seek to fill positions by making them known to a wide audience. In contrast, the 'invisible' or 'hidden job market' requires a more proactive approach from job-seekers, such as networking, to uncover opportunities that aren't publicly advertised.
With the rise of the internet, many employers have shifted towards online platforms to post job opportunities. Company websites often feature an Employment or Careers section where these opportunities are listed. Furthermore, social media and professional networking sites, like LinkedIn, have revolutionized job-seeking, making it easier to learn about and apply for new positions.
However, job-seekers should not limit themselves to passive methods such as responding to ads. They should engage in various job search strategies, which may involve attending job fairs, networking at professional events, or utilizing informational interviews to tap into the hidden job market.
10. Dixon Construction Company was awarded a contract to construct an interchange at the junction of U.S. 94 and Highway 30 at a total contract price of $15,000,000. The estimated total costs to complete the project were $12,000,000. (a) Make the entry to record construction costs of $7,200,000, on construction in process to date. (b) Make the entry to record progress billings of $4,000,000. (c) Make the entry to recognize the profit that can be recognized to date, on a percentage-of- completion basis.
Answer:
Journal Entry
Explanation:
Books of (Dixon Construction Company)
Journal Entry
Date Account Title and Explanation Debit Credit
A. Construction in process A/c Dr. $7,200,000
Cash / Accounts payable A/c $7,200,000
(Being construction cost paid)
B. Accounts receivables A/c Dr. $4,000,000
Billing in progress A/c $4,000,000
(Being record of billing in progress)
C. Construction expenses A/c Dr. $7,200,000
Construction in process A/c Dr. $1,800,000
Revenue from construction A/c $9,000,000
(Being income generate from contract)
Note:
Revenue from construction = Total contract(Construction in process / estimated total costs to complete)
Revenue from construction = $15,000,000($7,200,000 / $12,000,000)
Revenue from construction = $9,000,000
Construction in process = Revenue from construction - Construction expenses
Construction in process = $9,000,000 - $7,200,000
Construction in process = $1,800,000
The journal entries involved will record the construction costs, billings progress, and recognising of profits by debiting and crediting the appropriate accounts. The profit is recognised on a percentage-of-completion basis, which involves calculating the percentage completion first.
Explanation:The subject is related to accounting process and entries in construction companies. The question involves distinct steps:
(a) To record construction costs of $7,200,000 on construction in process to date, an entry should be made debiting 'Construction In Process' account and crediting 'Cash' or 'Accounts Payable' by $7,200,000.
(b) To record progress billings of $4,000,000, an entry should be made debiting 'Accounts Receivable' and crediting 'Billings on Construction in Process' by $4,000,000.
(c) To recognize the profit on a percentage-of-completion basis, calculate the percentage completion first which is current year costs of $7,200,000 divided by total estimated costs of $12,000,000, which equals 60%. Then, calculate the total revenue recognised to date, which is 60% of total contract price ($15,000,000), equals $9,000,000. The journal entry would be to debit 'Construction in process' and credit 'Sales Revenue' for $9,000,000, and then to credit 'Costs of goods sold' and debit 'Construction in process' for $7,200,000.
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A loan of XX is repaid with level annual payments at the end of each year for 10 years. You are given: i.The interest paid in the first year is 3,600; and ii.The principal repaid in the 6th year is 4,871. Calculate XX.
Final answer:
The initial loan amount "XX" cannot be determined with the provided information, as the interest rate and the annual payment amount are missing, which are necessary to calculate the loan balance after 5 years or the original loan amount.
Explanation:
The problem at hand is to calculate the initial loan amount, denoted as XX, which is repaid with level annual payments over 10 years. Given the principal repayment amount in the 6th year and the interest payment in the first year, we can calculate the initial loan amount using the amortization concept of loans. Unfortunately, the question doesn't provide the interest rate or the annual payment, both of which are essential to finding the loan balance after 5 years or calculating the original loan amount. Additional information is needed to solve this problem accurately.