The shareholders’ equity of Tru Corporation includes $540,000 of $1 par common stock and $1,140,000 par of 7% cumulative preferred stock. The board of directors of Tru declared cash dividends of $144,000 in 2018 after paying $54,000 cash dividends in each of 2017 and 2016.
What is the amount of dividends common shareholders will receive in 2018?

Answers

Answer 1

Answer:

$12,600

Explanation:

Annual Dividend to preferred stock = $1,140,000 × 7%

                                                           =  $79,800

A schedule of preferred stock dividend in Arrears is as follows :

               Dividend              Paid                Arrears

2016        $79,800           $54,000           $25,800

2017        $79,800           $54,000           $51,600

2018        $79,800           $131,400                 0

Dividends of $131,400 has to be paid in 2018 to cover all the arrears.

Principle : Preference dividends (and their arrears if cumulative) are paid first before dividends distribution to common stock holders.

Common Stock Holders receive the remaining amount of dividends of $12,600 ($144,000 - $131,400)


Related Questions

What is not typical of traditional costing systems?

Answers

Answer: The options are given below:

A. Use of a single predetermined overhead rate.

B. Use of direct labor hours or direct labor cost to assign overhead.

C. Assumption of correlation between direct labor and incurrence of overhead cost.

D. Use of multiple cost drivers to allocate overhead.

The correct option is D.

Explanation: The traditional costing system refers to the allocation of factory overhead to products, and this is based on the total amount of production resources that have been consumed.

When using the traditional costing system, the overhead is usually applied based on either the total number of direct labor hours consumed or the total number of machine hours used.

The traditional costing systems treat overhead costs as a single pool of indirect costs. Traditional costing is optimal when indirect costs are low when in comparison with direct costs.

Taxon Corp. granted restricted stock units (RSUs) representing 50 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within five years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $10 per share on the grant date. Ignoring taxes, what is the effect on earnings in the year after the shares are granted to executives?

Answers

Answer:

$100

Explanation:

Market price of common shares = $10 per share

Number of common shares granted by RSUs = 50 million

Total market value of common stock issued = Number of Common shares granted by RSUs × Market price of common shares

Total Market value of common stock issued = 50 million × $10 = $500

Vesting Period = 5 years

The effect on earnings in the year after the shares are granted to executives = Total market value of common stock issued / Vesting Period

The effect on earnings in the year after the shares are granted to executives = $500 / 5 years

The effect on earnings in the year after the shares are granted to executives = $100

Answer:

$ 100,000,000

Explanation:

The firm grant potential for 50 million shares with a market price of $10

The par value is disregard from calculation as the firm will issue at market value to avoid dilution.

This represent 500 millions. As the firm has a vesting period of 5 years it will accue over time this amount instead of directly reduced when the stock are excerise:

500 million / 5 years = 100 million per year

Beth purchased a participating life insurance policy 6 years ago. Her life insurance needs have increased, but she has developed a medical condition that makes it impossible for her to purchase more life insurance at affordable premiums. Which dividend option makes sense for Beth to use given her medical condition

Answers

Answer:

paid-up additions

Explanation:

Paid-up additions refers to additional payment that insurance buyers can have above the initial required premiums agreed in initial contract, The additional payment will directly increase the amount of money given to the recipient after Beth died.

Typically, this type of insurance is bought by people who experience  a sudden malicious illness with very low chance of survival.

Morton Company obtains a one-year loan of 2,000,000 Japanese yen at an interest rate of 6 percent. At the time the loan is extended, the spot rate of the yen is $.005. If the spot rate of the yen at maturity of the loan is $.0035, what is the effective financing rate of borrowing yen?

Answers

Answer:

The effective financing rate of borrowing yen is -25.8%

Explanation:

Amount borrowed in US = 2,000,00 * 0.005  = 10,000

amount paid back = 2,000,000 * 1.06 * 0.0035  = 7,420

effective cost of borrowing =  (1.06 * 0.0035/0.005) - 1 = -25.8%

Answer:

Explanation:

depreciation of the yen = 100( ( $ 0.0035 / $ 0.005) - 1 ) = - 30%

the effective rate of borrowing = ( 1 + 0.06) ( 1 + ( -30%)) - 1 = -0.258 × 100 = - 25.8 %

Bulldog, Inc. has budgeted sales for the first quarter of the next year to be 40,000 units. The inventory on hand at the beginning of quarter is 10,000 units. The desired ending inventory is 1000 units. Calculate the budgeted production for the first quarter.

Answers

Answer:

31,000 units

Explanation:

The movement in the balance of inventory between the beginning and end of a given period is usually as a result of production and sales.

This may be expressed mathematically as ;

Opening balance + production - cost of goods sold = closing balance

10,000 + units produced - 40,000 = 1,000

Unit produced = 40,000 + 1,000 - 10,000

= 31,000 units

assume a speculator purchased a call option on swiss francs for .02 per unit. the strike price was 0.45 and the spot rate at expiration was 0.48. assume there are 62,500 units in a swiss franc optiona. what was the net profit on this option to the speculator

Answers

Answer:

Net profit per unit  = -0.1

Explanation:

given data

purchased a call option = .02 per unit

strike price = 0.45

spot rate = 0.48

swiss franc option =  62,500 units

solution

we get here Premium that is .02  of 62,500 is = 1250

so here Net profit per unit will be

Net profit per unit = strike price + Premium - Spot rate    ......................1

put here value

Net profit per unit = 0.2   +  0.45 - 0.48

Net profit per unit  = -0.1

Which of the following is NOT an elected official position in the county government?


a. attorney
b. treasurer
c. mayor
d. constable​

Answers

Answer:

mayor

Explanation:

I did the test ;) plz brainlist me thxxx :) :) :) :)

The mayor is not an elected position in the county system of government.

What is a county government?

This is a term that refers to the administrative governments in a state that take care of the issues that concerns the local residents.

It can also be called the local government in some cases. In this type of goivernment, the mayor position is uncontested in the state.

Read more on county here: https://brainly.com/question/1124853

How does Siroya use mobile data to create a financial identity?



What were Jenipher’s options for getting a loan?



What is one data point that shows a good propensity to pay a loan back?



How has Jenipher’s life improved as a result of the loan using Siroya’s technology?

Answers

Answer:

The benefit of using mobile financial investment

see below

Explanation:

How does Siroya use mobile data to create a financial identity?

Siroya explains that a they have created a mobile application that can establish credit card scores utilizing mobile data after making an in route in establishing trust and open up financial access for those without credit card scores. Thru data captures of financial transactions on mobile devices, they were able to create financial identities for two billion five hundred million people .

What were Jenipher’s options for getting a loan

Jenipher will explore the option of micro loans Jenipher will have to form a group or an association to access the micro loans to stand as a guarantor for her Loan proportion  will be too small to impact positively on her businessLoan sharks is another option but the risks are too weighty

What is one data point that shows a good propensity to pay a loan back?

In Jenipher situation the mobile app was able to pinpoint a good potential of credit history

How has Jenipher’s life improved as a result of the loan using Siroya’s technology?

Jenipher recorded savings of 6% after using the mobile app and her business improved tremendouslyShe added food stall and restaurant
A Smart Loan for People with No Credit History Yet

1. What is the traditional method of assessing trust to pay a loan? What is the problem with this method?

A traditional method of assessing a trust to pay a loan is assessing your current assets. The problem with this method is someone might declare their assets not just to assess their trust to pay a loan.

2. How does Siroya use mobile data to create a financial identity?

Siroya uses mobile data to create a financial identity by explaining that mobile data has created a mobile application that can establish credit card scores being utilized.

3. What were Jenipher’s options for getting a loan?

Jenipher's option for getting a loan is exploring the option of microloans, having to form a group or an association to access the micro loans to stand as a guarantor for her, and the loan proportion will be too small to impact positively on her business.

4. What is one data point that shows a good propensity to pay a loan back?

One data point that shows a good propensity to pay a loan back is that the mobile app was able to pinpoint a good potential of credit history.

5. How has Jenipher’s life improved as a result of the loan using Siroya’s technology?

Jenipher's life was improved as a result of the loan using Siroya's technology by her savings being recorded up to 6% after using the mobile app and her business improving tremendously.

Tortoise Inc. Had a cost of goods sold of $43,821. At the end of the year, accounts payable balance was $7,843 . How long on average did it take the company to pay off its suppliers during the year ? what might a large value for this ratio imply ?

Answers

Answer:

The turnover = Cost of goods sold / Account payable  

       = 43,821 / 7,843 = 5,59 times

Average suppliers pay off = 365/5,59 = 65,2 ~ 66 days

Explanation:

Roughly speaking, a large value for this ratio imply that T.I might take a lot of time to pay.

Final answer:

The average time it took for Tortoise Inc. to pay its suppliers cannot be calculated with only the end-of-year accounts payable and COGS provided. A complete calculation needs the accounts payable turnover ratio, which requires additional information on how often payments were made within the year.

Explanation:

To calculate the average time it took for Tortoise Inc. to pay off its suppliers during the year, you would typically use the accounts payable turnover ratio. However, since we only have the ending accounts payable balance and the cost of goods sold (COGS), we cannot determine the turnover ratio or the average payment period without knowing the frequency at which the accounts payable were paid off during the year.

To understand this better, let's take an example with all the necessary information: if a company had a COGS of $100,000 for the year and an average accounts payable balance of $20,000, you would calculate the accounts payable turnover ratio as COGS divided by average accounts payable, which would be 5 times per year. If there are 365 days in a year, you would then divide this number by the turnover ratio to find the average payment period, resulting in 73 days (365 / 5).

A large value for this ratio could imply that the company takes a longer time to pay its suppliers, which could mean it is managing its cash flow effectively or could signal potential cash flow issues, depending on the context and industry standards.

For many years, General Motors manufactured two versions of the same basic vehicle: the Humvee, used by the U.S. military, and the Hummer, available to the public. Because of this product, GM was part of both the ___ and ___ B2B markets.

Answers

Answer:

Government; Commercial

For many years, General Motors manufactured two versions of the same basic vehicle: the Humvee, used by the U.S. military, and the Hummer, available to the public. Because of this product, GM was part of both the government and commercial B2B markets.

Explanation:

Government and commercial Business to Business (B2B) markets both are categorized under B2B's larger umbrella. In B2B, organization sell their products and services only to the businesses (either large or small) who used their products as the raw materials for their finished products or either they use them for their own benefits. As it can be clearly seen in this case, where General Motors are selling their products to two categories, they are selling to the government which is termed as government B2B buyer and to other business as well which are categorized as commercial B2B buyers.

General Motors was part of both the commercial and government B2B markets through the manufacturing of the Hummer for public sale and the Humvee for the U.S. military respectively.

For many years, General Motors (GM) produced two versions of a vehicle: the Humvee, which was used by the U.S. military, and the Hummer, which was available to the public. As a result of producing the Humvee, GM was part of the government B2B market, as it involved business transactions with the government sector. Meanwhile, by producing the Hummer for public sale, GM operated in the commercial B2B market, selling to other businesses that would resell or utilize the vehicle.

When the sequel to Star Wars: The Force Awakens eventually shows up on their regular television networks, this group might watch it. Group of answer choices

Answers

Answer:

Laggards

Explanation:

Base on the scenario been described in the question, the group might watching it are the laggards.

Laggards in marketing term, is made of a group of consumers who avoid change and may not want to take a new product until all other traditional alternatives are no longer present. The group is mostly deals with reliability and cost that is low and are 16% of the population of the consumer.

Answer:

The answer is Laggards.

Explanation:

Laggards is a term which is used to describe a group of individuals that try to avoid change. They will not be willing to adopt new technology and processes.

The Laggards are the last on the list of adopter categories, which are:

- innovators,

- early adopters,

- early majority,

- late majority, and

- laggards.

In the scenario presented above, we can see that the Laggards waited until the movie was shown on regular television networks, instead of going to watch it at the cinema, or buying a DVD to watch it at home. They are usually the last group of people to adopt a new change.

Single Corp. is a company with three divisions that produce completely different products. These three divisions must seek funding from the head office for a capital expansion project. The relationship between these three divisions would be best described as ________ interdependence

Answers

Answer:

pooled interdependence.

Explanation:

The single crop is a company with three different division. Three division who work independently and do not interact with each other but work towards the betterment of the whole company can be described as pooled interdependence. Pooled interdependence is a way in which companies operated by designing different department that works independently towards a common goal.

Heidi comes from an upper-middle-class family, and after high school she went through a period of exploration. She spent some time traveling around Asia, worked at Disneyland for a few summers, and then waited tables in a ski town while learning to snowboard. Now she is attending college and has made a clear commitment to go into business. According to Marcia, Heidi's current identity status would be described as:
a. identity achievement.b. foreclosure.c. role confusion.d. moratorium.

Answers

Answer:

a. identity achievement

Explanation:

According to Marcia's theory on identity status, "identity achievement" is the status that an adolescent chose and made a commitment to a sense of identity (which can be a role or a value, a job that they want) after he/ she has already gone through much experience, attempt and exploration, even crisis before.

In this case, Heidi despite being from the upper-middle-class, she has already spent time exploring the new environment, experienced jobs that is different from her social class and from these experiences, she understands herself and has clear objectives in the future.

Meanwhile:

+) foreclosure: they commit to a role but not having any experience, crisis, this is tend to comfort the other people's expectation

+) role confusion: have not had clear choice

+) moratorium: the status that still in crisis and exploration of role, value want to commit to

=> All these three are different from the case of Heidi.

The ________ lays out the target markets and the value proposition that will be offered, based on an analysis of the best market opportunities. A. strategic marketing plan B. corporate mission C. corporate tactical plan D. organizational plan

Answers

Answer:

D.

Explanation:

A strategic marketing plan outlines the target markets and value proposition a company offers based on market opportunities. It includes decisions on global market entry, tailoring the basic value proposition, and aligning with the business model. Hence, correct option A.

The document that lays out the target markets and the value proposition that will be offered, based on an analysis of the best market opportunities, is known as the strategic marketing plan. This document is crucial for businesses as it outlines how the company intends to bring its products or services to its consumers. It involves making key decisions about selecting global target markets and entry modes and determining the degree to which the company's basic value proposition should be adapted to fit different cultures and regions.

A strategic marketing plan includes decisions regarding which foreign markets to enter and why, when, and how to enter them. It also involves tailoring or standardizing the company's offerings to gain a competitive advantage globally while considering the localization preferences of the markets they enter. It is intimately linked to the company's core business model, and the extent of a company's capabilities in tailoring its offerings determines its ability to successfully enter and compete in new markets or cultural contexts.

Which of the following terms represents how quickly a third-party or vendor can change a system to ensure it meets user needs and the terms of any contracts including agreed levels of reliability, maintainability, or availability?serviceability business Impact analysis dynamic information

Answers

Answer:

serviceability

Explanation:

Im not 100% sure, but i hope this helps

Jared, the operations head at Cerise Confectionery, showed gratitude to his employees by hosting an employee appreciation day. In this scenario, Jared used the management function of _____ to boost the morale of his employees

Answers

Answer:

Leading is the correct answer.

Explanation:

Leading is a process of influencing, directing and guiding a people of an organization to show them a direction.

Leading is the function that is carried out in the management process to motivate the employees to reach the organizational objectives.

Thus leading create a positive attitude among the people working in the organization.

Which of the following statements about theoretical capacity is BEST? A. Theoretical capacity allows adjustments for preventive maintenance. B. Running a factory at this level for a short time is often better than permanently raising resource levels. C. Theoretical capacity levels are usually lower than rated capacity levels. D. Theoretical capacity levels take into account that machines occasionally break and that workers occasionally call in sick.

Answers

Answer:

C

Explanation:

Theoretical capacity levels are usually lower than rated capacity levels

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month’s sales.

What is the budgeted units of production for January?

a.200,000

b.181,000

c.219,000

d.236,000

Q2:

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month's sales.

What is the budgeted units of production for February?

a.174,000

b.222,000

c.186,000

d.181,000

Answers

Final answer:

To calculate the budgeted units of production for January, we add 20% of February's projected sales to the projected sales for January. The correct answer is 236,000. To calculate the budgeted units of production for February, we add 20% of March's projected sales to the projected sales for February. The correct answer is 222,000.

Explanation:

To calculate the budgeted units of production for January, we need to consider the desired ending finished goods inventory for February. The question states that the desired ending finished goods inventory is 20% of the following month's sales. So we calculate 20% of February's projected sales (180,000 units), which is 36,000 units. Adding this to the projected sales for January (200,000 units), the budgeted units of production for January is 236,000 units. Therefore, the correct answer is d. 236,000.

To calculate the budgeted units of production for February, we need to consider the desired ending finished goods inventory for March. The question states that the desired ending finished goods inventory is 20% of the following month's sales. So we calculate 20% of March's projected sales (210,000 units), which is 42,000 units. Adding this to the projected sales for February (180,000 units), the budgeted units of production for February is 222,000 units. Therefore, the correct answer is b. 222,000.

Which of the following statements are True?

1. The Wilshire 5000 is more broad based than the S&P 500.
2. The S&P 500 stock index is value-weighted.
3. The Russell 3000 is a broad-based measure of bond prices.
4. The Dow Jones industrial and utility averages include a relatively small number of stocks.

Answers

Answer:2. The S&P 500 stock index is value-weighted. True

4. The Dow Jones industrial and utility averages include a relatively small number of stocks.

True

Explanation: One of the most significant differences between these two indexes is the number and type of companies included in each. As its name suggests, the S&P 500 is made up of 500 of the largest publicly traded companies, while the Dow is a collection of 30 companies that are selected to represent their respective industries.

Answer:

1, 2 and 4.

Explanation:

The true and correct statements are;

1. The Wilshire 5000 is more broad based than the S&P 500.

2. The S&P 500 stock index is value-weighted.

4. The Dow Jones industrial and utility averages include a relatively small number of stocks.

The lock box department at Bank 21 handles the processing of monthly loan payments to the bank, monthly and quarterly premium payments to a local insurance company, and bill payments for 85 of the bank's largest commercial customers. The payments are processed by machine operators, with one operator per machine. An operator can process one payment in 0.25 minute. Setup times are negligible in this situation. A capacity cushion of 20 percent is needed for the operation. The average monthly (not annual) volume of payments processed through the department currently is 400,000. However, it is expected to increase by 20 percent. The department operates eight hours per shift, two shifts per day, 260 days per year. How many machines (not operators) are needed to satisfy the new total processing volume? (Round up to the next whole integer.)

Answers

Answer:

7.211538 ~ 8

Explanation:

1 machine operates 16 hrs per day, for 260 days

number of mins = 16*260*60

                           = 249600 mins

for 0.25 mins it can do 1 transaction

for 249600 ​ mins = 249600 / 0.25

                              = 998400

Cushion for 20% needed

so it can do 80% of 998400 = 0.8*998400

                                               = 798720

Per month transactions = 400000

Total year = 12*400000

                 = 4800000

Its expected to increase by 20%

Hence new number of trasactions = 1.2*4800000

                                                       = 5760000

Number of machines required = 5760000​/798720

                                                   = 7.211538 ~ 8

Financial statements are optional accounting reports issued periodically by a firm which present information on the past performance of the​ firm, a summary of the​ firm's assets and the financing of those​ assets, and a prediction of the​ firm's future performance.
True / False.

Answers

Answer:

False

Explanation:

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.

These documents play a pivotal role in a financial institution, thus, not optional.

Cheers

Answer:

False

Explanation:

Financial statements are not optional, several government entities require companies to present them, and if it is a traded company, then the requirements are even more, e.g. IRS, state and local taxing entities, SEC.

The next part of the statement was almost right:

financial statements are issued periodically (corporations issue them quarterly, other companies must issue yearly reports) the balance sheet is a summary of the firm's assets and how they are financed

But the last part was wrong: prediction of the firm's future performance. Accounting doesn't predict anything, it reports past transactions. My accounting professor always referred to accounting records as pictures of the company, they show you how the company was at a certain point in time. Financial statements can even change significantly from the moment that they are prepared (e.g. December 31) until the moment that they are finished (around February-March). No company presents their financial statements on January 2, even individuals are aloud to present their personal tax filing by April.

Management set a production goal of 500 shippable parts per​ eight-hour shift. The scrap rate had been running at nine percent. The maximum speed of the machines was 60 parts per​ hour or one per minute. Which one of the​ goal-setting steps were​ missed?
a. evaluate available resource
b. review organization mission and employee key job task
c. determine goals individually
d. make sure goals communicated to all who need to know
e. link rewards to goal attainment

Answers

Answer: a. evaluate available resource

Explanation:

Management set a production goal of 500 shippable parts per​ eight-hour shift. The scrap rate had been running at nine percent. The maximum speed of the machines was 60 parts per​ hour or one per minute. Which one of the​ goal-setting steps were​ missed?

a. evaluate available resource this is the key aspect of production without which production can not kick start or hamper its speed.

Management missed the step of 'evaluating available resources' in their goal-setting process, which is crucial for setting realistic production targets that account for machine capacity and scrap rates.

The goal-setting step that appears to have been missed by management when setting a production goal of 500 shippable parts per eight-hour shift is evaluating available resources. Considering the machines' maximum speed of 60 parts per hour and a scrap rate of nine percent, it is important to account for the productivity loss due to scrap. Without taking this into account, achieving the target may not be realistic. In an eight-hour shift, the total production without scrap would be 480 parts (60 parts/hour x 8 hours). However, with a nine percent scrap rate, the actual number of shippable parts would be lower than the target. Moreover, evaluation of resources is essential for setting achievable goals, streamlining production, and preventing waste of time and materials which are found through audits, such as the one Microsoft conducted according to Shaw (2004).

The reasons behind the accelerating pace of globalization include:______________a. Lower barriers to international trade b. Countries with previously planned economies are embracing market or mixed economies c. Transportation and information technology shrinks the importance of geographic distances d. All of these

Answers

Answer: (D) All of these

Explanation:

  Acceleration pace of globalization is one of the concept in which the different people are interconnecting with each other beyond all the boundaries and the physical barriers.

 There are various types of reasons behind the rapidly growing of the accelerating pace of globalization across the world is due to the growth of the information technology and the development of the transportation links.

According to the given question, the all of the above answer are correct as all the main reasons of the growing accelerating pace of globalization. Therefore, Option (D) is correct answer.      

What is the definition of diseconomies of scale?
A the decrease in average revenue as output increases
B the decrease in fixed cost as output increases
C the increase in average total costs as output increases
D the increase in total costs as output increases

Answers

the answer is A.) the decrease in average revenue as output increases

Vikas earns too much for his own children to qualify for free school lunches, but he does not object to the state providing them for children from low income families even though this program increases the taxes he must pay. He recognizes that his and his children's life prospects are very different from those of the families receiving free lunches. He also knows that he would want his children to have free lunches if his family needed them. Vikas' thinking is most closely aligned with:_________.

Answers

Answer: Rawlsian Justice

Explanation:

 The Rawlsian justice is one of the concept that helps in building the various types of social contract and also helps in describe about the legal. economical and the political system.

 The Rawlsian theory is basically describe about the basic social structure and the political constitution and it is also know as the economics justice.

According to the given question, the Vikas's thinking is closely align with the Rawlsian justice as he always think that his life and also his children life are different from all the families who are receiving free lunch.      

   Therefore, Rawlsian Justice is the correct answer.

 

Final answer:

Vikas' viewpoint aligns with societal welfare and opportunity, as he supports state intervention for equitable chances for all children. This contrasts with libertarianism, as he believes in the importance of public policy in addressing educational inequality and investing in the future workforce.

Explanation:

Vikas' willingness to support a state program that provides free lunches to children from low-income families despite it increasing his taxes is most closely aligned with a philosophy that endorses social welfare and equitable opportunity, rather than libertarianism. Libertarianism advocates for minimal state intervention and does not actively endorse policies aimed at redistributing resources to address inequality. Instead, Vikas' view aligns more with the idea that public policy should build a ladder of opportunities for all children, giving each child a chance to succeed based on their abilities, and to help the economy grow by developing skilled workers. This position appreciates the role of the state in levelling the playing field to some extent, recognizing that educational inequality can perpetuate class divides and obstruct fair economic outcomes. Programs such as free school lunches can be seen as an investment in the future workforce that could, in turn, benefit society as a whole by contributing to economic growth and increased tax revenues from a better-educated population.

Chau is going to rent a truck for one day. There are two companies he can choose from, and they have the following prices. Company A charges $135 and allows unlimited mileage. Company B has an initial fee of $75 and charges an additional $0.80 for every mile driven. For what mileages will Company A charge less than Company B?

Answers

Answer:

company A charge less than company B if y > 75 miles  

Explanation:

given data

Company A charges =  $135

Company B initial fee = $75

additional charge =  $0.80

solution

we consider here driving =  x mile

and mileages for company A charge less than company B = y

so

when Charges of company A = charges of company B than equation will be

$135  = $75 + $0.80 x    ....................1

solve it we get x

x = 75

so here mileages for which company A charge less than company B is

y > 75

company B is better if the distance is < 75 miles  

company A is better if the distance is > 75 miles

Final answer:

Company A is cheaper than Company B for any mileage over 75 miles. The decision is based on company rates, with Company A offering a flat rate and Company B charging per mile plus an initial fee.

Explanation:

Chau is deciding between two companies for truck rental services based on the mileage he plans to drive. To determine for what mileages Company A will charge less than Company B, we can set up an inequality where Company A's flat rate is less than Company B's mileage-based rate. We know Company A charges a flat rate of $135 for unlimited mileage, and Company B charges an initial fee of $75 plus $0.80 for every mile driven.

Let m represent the number of miles driven. Then we have the following inequality to find when Company A is cheaper:

135 < 75 + 0.80m

To solve for m, we subtract 75 from both sides and then divide by 0.80:

135 - 75 < 0.80m

60 < 0.80m

m > 60 / 0.80

m > 75 miles

Therefore, Company A will charge less than Company B for any mileage greater than 75 miles.

In 2017, ABC Company had net sales of $500,000 and a gross margin of $ 300,000. The total overhead costs were $ 100,000 and the promotion costs were $80,000. The company sold 100,000 units. What was $BEP of the company in 2017?

Answers

Answer: The $BEP of the company in 2017 is $60000.

Explanation:

Calculate the average daily balance, finance charge, and new balance using the average daily balance method. The account balance on June 1st is $104.00. On June 19th a payment of $80.25 is made. The monthly rate is 1.25%

Answers

Answer:

Average daily balance = $71.9

Finance charge = $0.9

New balance: $24.65

Explanation:

The average daily balance is calculate by the formula:

+) Average daily balance = Total of daily balance/ Number of days in the cycle.

As given:

+) the daily balance from June 1st to June 18th is $104.00. (18 days)

+) the daily balance on June 19th is:

[tex]Balance - Payment = 104 - 80.25 = $23.75[/tex]

=> The daily balance from June 19th to June 30th is: $23.75 (12 days)

=> Total daily balance of June is: [tex]104 * 18 + 23.75 * 12 = 2,157[/tex]

The number of days is 30.

=> Average daily balance  = 2,157/ 30 = $71.9

The formula to calculate the finance charge:

+) Finance charge = Monthly rate x Average daily balance =

= 1.25% ×71.9 = $0.9

Using the average daily balance method, the new balance is calculated as following:

+) New balance = Previous balance - Payment + Finance charge + New purchase

= 104 - 80.25 + 0.9 + 0 = 24.65

Final answer:

The average daily balance is calculated by summing the daily balances and dividing by the number of days in the month, resulting in $71.90. The finance charge is then found by multiplying this average balance by the monthly interest rate of 1.25%, giving us approximately $0.90. Finally, the new balance is the original balance plus the finance charge minus any payments made, equaling $24.65.

Explanation:

To calculate the average daily balance, finance charge, and new balance using the average daily balance method, we need to keep track of the account balance every day of the month and then find the average. From June 1st to June 18th the balance is $104, and for these 18 days, the total balance is 18 × $104 = $1872. After a payment of $80.25 is made on June 19th, the new balance is $104 - $80.25 = $23.75. From June 19th to June 30th (12 days), the total balance is 12 × $23.75 = $285. So, the summed balance for the entire month is $1872 + $285 = $2157.

The average daily balance is $2157 divided by the number of days in June, which is 30. Therefore, the average daily balance is $2157 / 30 ≈ $71.90.

The finance charge is calculated by multiplying the average daily balance by the monthly rate. So, the finance charge is $71.90 × 1.25%, or approximately $0.90 (since 1.25% is 0.0125 as a decimal).

The new balance is the original balance plus the finance charge minus any payments made. In this case, it's $104 + $0.90 - $80.25 = $24.65.

Therefore, the average daily balance is $71.90, the finance charge is approximately $0.90, and the new balance on the account will be $24.65.

Myrtle has two white balls, two black balls, and two boxes. She may place the balls in the boxes in any way she pleases. Her husband, Max, will then pick a box without looking into it, and with his eyes closed, pick out a ball. If he picks out a white ball, the couple wins $500. How should Myrtle arrange the balls to maximize the probability of winning?

Answers

Answer:

Explanation:

Since she has two white balls and two black balls, with two boxes

And she can arrange the balls as she wishes, the way she can do it to maximize their probability of winning the $500 is to arrange the balls on top of each other, that is, the white balls should be on top of the blacks when she arranges them. This is so because, when the husband touches the ball, the first one he will pick, will be the on top, which is the white balls.

A third-degree price discriminating monopolist can sell its output either in the local market or on an internet auction site (or both). After selling all of its output, the firm discovers that the marginal revenue earned in the local market was $20 while its marginal revenue on the internet auction site was $30. To maximize profits the firm should:

Answers

Answer:

the firm should have sold less output in the local market, and more output on the internet auction site.

Explanation:

Based on the scenario being described within the question it can be said that in order to maximize profits the firm should have sold less output in the local market, and more output on the internet auction site. This is because marginal revenue indicates the additional revenue that will be generated by increasing product sales by one unit. Therefore since the internet auction site's marginal revenue is higher than the local store, it means that selling more units in the internet site will lead to more profit than the local market.

Options:

A) have sold more output in the local market and less at the internet auction site.

B) do nothing until it acquires more information on costs.

C) have sold less output in the local market and more on the internet auction site.

D) sell less in both markets until marginal revenue is zero.

E) sell more in both markets until marginal cost is zero

Answer:

C) have sold less output in the local market and more on the internet auction site.

Explanation:

Price discrimination is not something that most firms can do, since you need to be able to set different prices depending on your customer. Monopolies are generally able to set the price of their products, and many times they are also able to carry out third degree price discrimination (sell their products at different prices depending on the customer).

In this case, if the monopoly wanted to sell more units, then it would nee to lower its prices, but since this specific monopolist is selling all its output, then what it needs to do is shift its sales channel and continue to carry out price discrimination policies since they are very efficient at doing so. Eventually if they want to sell more on the internet, they will probably have to lower their prices a little to increase internet demand, but they have a lot of room to do so. The difference in marginal revenue is quite large (50%), so even if they lower their prices a little, their total revenue should still increase.

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