App Holdings is expected to pay dividends of $1.50 every six months for the next three years. If the current price of App Holdings stock is $22.60, and App Holdings' equity cost of capital is 18%, what price would you expect App Holdings' stock to sell for at the end of three years

Answers

Answer 1

Answer:

The answer is $34.36

Explanation:

FV = PV x (1 + R x ((1 + r))^T = $22.6 x (1 + {($1.5 / $22.60) x [1 + (18% / 2)]}^6 = $34.36

Related Questions

Peter has opened a retirement investment account and plan to contribute $6,000 at the end of each year to his account for 30 years. He wants to retire when he has $1 million in the account. What expected annual rate of return must earn to have $1 million in his account?

Answers

Answer:

1.92

Explanation:

Using the compound interest formula

A= P [ (1-i)^n-1 (where A= 1,000,000, P= 6000, i= ?, n= 30)

1000000 = 6000 [ (1 - i)^30-1

1000000 = 6000 [ (1 - i)^29

1000000 = (6000 - 6000i)^29

1000000/6000 = (6000/6000 -6000i/6000)^29

= 166.66 = i^29

= 29✓166.66 = ✓i^29

= 1.92 = i

The owner of a small business borrowed $70,000 with an agreement to repay the loan with quarterly payments over a five year time period. If the interest rate is 12% per year compounded quarterly, his loan payment each quarter is nearest to

Answers

Answer:

His loan payment each quarter is nearest to $4,705.10.

Explanation:

Using a Financial Calculator enter the following data and find PMT, the loan payment each quarter

Pv = $70,000

n = 4 × 5 = 20

r = 12%

P/yr = 4

Fv = $0

Pmt = ? - $4,705.10

Thus PMT, the loan payment each quarter will be $4,705.10.

Which of the following laws instituted a whistle-blower bounty program in which whistle-blowers are eligible to receive 10 to 30 percent of fines if their reports result in convictions of more than $1 million in penalties?
A) Title VII of the Civil Rights Act.
B) The Sherman Antitrust Act.
C) The Federal Sentencing Guidelines for Organizations.
D) The Sarbanes-Oxley Act.
E) The Dodd-Frank Act.

Answers

Answer:

The Dodd-Frank Act.

Explanation:

A section of the Dodd-Frank Wall Street Reform and Consumer Protection Act, gives the provision that eligible whistleblowers who gives useful and original information to the SEC Shall receive awards from the Commission.

To be eligible, the whistleblowers must possess original information concerning possible violation of the federal securities laws that is in occurrence, likely to occur or already occurred.

"A customer has signed a Letter of Intent (LOI) to buy $25,000 of XYZ mutual fund to qualify for a breakpoint that reduces the sales charge from 7% to 6%. The customer deposits $15,000 into the fund over the next 13 months. At the end of 13 months, the NAV is $20,000. How much does the customer have to deposit to complete the LOI?"

Answers

Answer:

The customer has to deposit $10,000

Explanation:

Here, we want to know the amount that needs to be deposited by the customer to complete the LOI

This can be deduced using a simple mathematical calculation ;

Amount to be deposited by the customer = 25,000 - amount deposited already

From the question, the amount deposited already = $15,000

So the amount to be deposited by the customer = 25,000-15,000 = $10,000

Dave Krug finances a new automobile by paying $6,500 cash and agreeing to make 20 monthly payments of $580 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round PVA factor to 4 decimal places.)

Answers

Answer:

$16,966.68

Explanation:

the cost of the car = down payment + present value of the monthly installment payments

down payment = $6,500PV of monthly installment payments = $580 x 18.046 (PV annuity factor, 1%, 20 periods) = $10,466.68

the cost of the car = $6,500 + $10,466.68 = $16,966.68

Suppose your salary in 2012 is $70,000. Assuming an annual inflation rate of 7%, what salary do you need to earn in 2019 in order to have the same purchasing power? (Round your answer to two decimal places.)

Answers

Answer:

Salary 2019= $112,404.7

Explanation:

Giving the following information:

Salary 2012= $70,000

Inflation rate= 7%

Salary 2019= ?

To calculate the nominal value of your salary to maintain the purchasing power, we need to use the following formula:

FV= PV*(1+i)^n

FV= 70,000*(1.07^7)

FV= $112,404.7

Wagner Enterprises and Stone Services both disposed of an old asset. When completing the journal entry, Wagner Enterprises included a debit to Cash, but Stone Services did not. Why would the companies have this difference in the journal entry

Answers

Answer:

Wagner Enterprises and Stone Services

Disposal of old asset:

It could be that Stone Services exchanged its old asset with a new one with a company. In that situation, the debit goes to New Equipment, while the credit is to the old Equipment. Another reason could be that Stone Services sold the old asset on account. In this situation, the debit goes to the Accounts Receivable account, while the old asset is credited accordingly.

Explanation:

When a company disposes of an old asset, it credits the asset account and transfers the amount to the Sale of Asset account. The same is done for the accumulated depreciation, in reverse. When cash is realized from the disposal, the Sale of Asset account is credited, while Cash account is debited. Then, the difference in the Sale of Asset account will be a gain or a loss, depending on the net book value and the cash realized from the sale.

The following is a December 31, 2018 Post closing trial balance 12/31/16
Account Title Debits Credits
Cash 40,000
Accounts receivable 34,000
Inventories 75,000
Prepaid rent 16,000
Marketable securities (short term)10,000
Machinery 145,000
Accumulated depreciation—machinery11,000
Patent (net of amortization) 83,000
Accounts payable 8,000
Wages payable 4,000
Taxes payable 32,000
Bonds payable (due in 10 years)200,000
Common stock 100,000
Retained earnings 48,000
Totals 403,000 403,00
Prepare a classified balance sheet for Jackson Corporation at December 31, 2016

Answers

Answer:

Jackson Corporation

Balance sheet as at December 31, 2016

Assets

Non-Current Assets

Machinery 145,000

Accumulated depreciation—machinery (11,000) 134,000

Patent (net of amortization) 83,000

Total Non-Current Assets 217,000

Current Assets

Accounts receivable 34,000

Inventories 75,000

Prepaid rent 16,000

Marketable securities (short term) 10,000

Cash 40,000

Total Current Assets 175,000

Total Assets 392,000

Equity and Liabilities

Equity

Common stock 100,000

Retained earnings 48,000

Total Equity 148,000

Liabilities

Non Current Liabilities

Bonds payable (due in 10 years) 200,000

Total Non-current liabilities 200,000

Current Liabilities

Accounts payable 8,000

Wages payable 4,000

Taxes payable 32,000

Total Current Liabilities 44,000

Total Equity and Liabilities 392,000

Explanation:

A Balance Sheet is a list of Balances Assets, Equity and Liabilities as at the end of the Financial Period. This is prepared in terms of IAS 1 as part of the set of Financial Statements.

Dinklage Corp. has 7 million shares of common stock outstanding. The current share price is $68, and the book value per share is $8. The company also has two bond issues outstandingSuppose the most recent dividend was "$3.25" and the dividend growth rate is 5 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 21 percent. What is the company’s WACC?

Answers

Answer:

WACC = 15.08%

Explanation:

Some information is missing:

"The first bond issue has a face value of $70 million, a coupon rate of 6 percent, and sells for 97 percent of par. The second issue has a face value of $40 million, a coupon rate of 6.5 percent, and sells for 108 percent of par. The first issue matures in 21 years, the second in 6 years."

In order to calculate WACC we must first determine the YTM and market values of the 2 bonds.

bond 1:

market value = $70,000,000 x 0.97 = $67,900,000

YTM = {4,200,000 + [(70,000,000 - 67,900,000)/21]} / [(70,000,000 + 67,900,000)/2] = 4,300,000 / 68,950,000 = 6.24%

bond 2:

market value = $40,000,000 x 1.08 = $43,200,000

YTM = {2,600,000 + [(40,000,000 - 43,200,000)/6]} / [(40,000,000 + 43,200,000)/2] = 2,066,667 / 41,600,000 = 4.97%

weighted average cost of debt:

total value of debt = $67,900,000 + $43,200,000 = $111,100,000

weighted average cost = [($67,900,000/$111,100,000) x 6.24%] + [($43,200,000/$111,100,000) x 4.97%] = 3.814% + 1.933% = 5.75%

cost of equity (Re):

$68 = ($8 x 1.05) / (Re - 5%)

Re - 5% = $8.40 / $68 = 12.35%

Re = 17.35%

outstanding stock's market value = 7,000,000 x $68 = $476,000,000

WACC = [($476,000,000/$587,100,000) x 17.35%] + [($111,100,000/$587,100,000) x 5.75% x 0.79] = 14.07% + 1.01% = 15.08%

Organic Food Co.'s cash account shows a $7,000 debit balance and its bank statement shows $6,210 on deposit at the close of business on August 31.

a. August 31 cash receipts of $2,740 were placed in the bank’s night depository after banking hours and were not recorded on the August 31 bank statement.
b. The bank statement shows a $270 NSF check from a customer; the company has not yet recorded this NSF check.
c. Outstanding checks as of August 31 total $2,620.
d. In reviewing the bank statement, an $230 check written by Organic Fruits was mistakenly drawn against Organic Food’s account.
e. The August 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.

Required:
Prepare a bank reconciliation using the above information.

Answers

Answer:

Organic Foods Co.

Bank Reconciliation

August 31

Bank Statement

Bank Statement Balance $6,210

Add:

Deposit in transit $2,740

Correction of bank error $230

Deduct;

Outstanding Checks $2,620

Adjusted Bank Balance $6,560

Cash Book

Book Balance $7,000

No Additions;

Deduct;

NSF Check $270

Bank Service Charges $170

Adjusted Book Balance $6,560

Suppose a firm occasionally faces demand for short-term credit but usually has an excess of short-term capital to finance current assets. Which approach is the firm following? Conservative approach Maturity matching approach Aggressive approach Which usually costs less—short-term or long-term debt? Long-term debt Short-term debt

Answers

Answer: Conservative approach; Short term debt

Explanation:

Conservative approach is used by a company to maintain a level of current assets that is high which invariably leads to higher working capital. This is used by a firm that occasionally faces demand for short-term credit but usually has an excess of short-term capital to finance current assets.

Short term debts typically costs less than the long term debts as it's for a shorter duration.

Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement for this year follows.

Sales 80,000 units x 45 per unit $3,600,000
Cost of goods sold
- Beginning inventory $__________0
- Cost of goods manufactured (100,000 units x $25 per unit) $2,500,000
- Cost of good available for sale $2,500,000
Ending inventory (20,000 x 25) $500,000
Cost of goods sold $2,000,000
Gross margin $1,600,000
Selling and administrative expenses $580,000
Net income %1,020,000

a. Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2.25 per unit in variable selling and administrative expenses.
b. The company's product cost of $25 per unit is computed as follows:

Direct materials $4 per unit
Direct labor $11 per unit
Variable overhead $4 per unit
Fixed overhead ($600,000/ $100,000 units) $6 per unit

Required:
Prepare an income statement for the company under variable costing.

Answers

Answer:

Income statement for the company under variable costing

Sales (80,000 units x $45) $3,600,000

Less Cost of Sales

Beginning inventory $0

Cost of goods manufactured (100,000 units x $19) $1,900,000

Cost of good available for sale $1,900,000

Less Ending inventory (20,000 x $19) ($380,000) ($1,520,000)

Contribution $2,080,000

Less Period Costs

Fixed Manufacturing Overhead ($600,000)

Selling and administrative expenses - Fixed ($400,000)

Selling and administrative expenses - Variable ($180,000)

Net Income / (loss) $900,000

Explanation:

Under Variable Costing.

1.Product cost = Variable Manufacturing Costs Only

Therefore, Product cost = $4 + $11 + $ 4

= $19

2.Period Cost = Fixed Manufacturing Overheads + Non - Manufacturing Costs

Your company has used competitive bidding to select a supplier for janitorial services. Three suppliers returned acceptable bids within the allotted time frame.
Category Weight Supplier A Rating Supplier B Rating Supplier C Rating
Quality systems 40% 2 3 2
Financial stability 29% 2 2 3
Management experience 20% 4 2 3
Price 11% 1 4 4
All scores on a five-point scale with 1poor, 5 excellent.
a. Calculate the total weighted score for each supplier. (Round your answers to 2 decimal places.)
Total Weighted Score
Supplier A
Supplier B
Supplier C
b. Based on these ratings from the supplier assessment, which supplier appears to be the best?
Supplier A
Supplier B
Supplier C

Answers

Answer:

Competitive Bidding based on Weighted Score

a. Calculation of the total weighted score for each supplier:

Supplier A :

Quality systems 40% x 2/5 = 16%

Financial stability 29% x 2/5 = 11.6%

Management experience 20% x 4/5 = 16%

Price 11% 1/5 = 2.2%

Total weighted score = 45.8%

Supplier B :

Quality systems 40% x 3/5 = 24%

Financial stability 29% x 2/5 = 11.6%

Management experience 20% x 2/5 = 8%

Price 11% x 4/5 = 8.8%

Total weighted score = 52.4%

Supplier C

Quality systems 40% x 2 /5 = 16%

Financial stability 29% x 3 /5 = 17.4%

Management experience 20% x 3 /5 = 12%

Price 11% x 4/5 = 8.8%

Total weighted score = 54.2%

b. Best Supplier:

Supplier C

Explanation:

a) Data and Calculations:

Category Weight Supplier A Supplier B Supplier C

Ranking Ranking Ranking

Quality systems 40% 2 3 2

Financial stability 29% 2 2 3

Management experience 20% 4 2 3

Price 11% 1 4 4

If a firm has a levered beta of .9 and a debt to equity ratio of 1, what is the unlevered beta assuming a tax rate of 30%? (Round to the nearest hundredth)

Answers

Answer:

Unlevered beta = 0.53

Explanation:

Beta is a measure of systematic risk. Systematic risk is further divided into business and financial.

Business risk and financial risk. Business risk is that associated with the nature of the business operations that causes variability in the operating income of the business.

This is measured by the unlevered beta where the company has no debt finance.

Financial risk, on the other hand, is associated with use of debt finance . A company that uses a form of debt would face such risk . The systematic risk of such business would be measured using the levered beta.

The formula below shows the relationship:

βa = βe × Ve/ (Ve + Vd(1-T) )

βa -Unlevered beta

βe - Levered beta

Ve- Equity weight

Vd- Debt weight

T- Tax rate

DATA

βe- 0.9

βa- ?

Ve- 1

Vd- 1

T- 0.3

βa = 0.9 × 1/(1 + 1×(1-0.3)=0.529

βa - 0.53

Unlevered beta = 0.53

Eden is struggling to resolve a bug in his company's network. He sets up a
meeting with a few of his coworkers to ask them for suggestions. Which of
the following soft skills is most clearly represented by Eden's actions?
A. Project Management
B. Collaboration
O C. Time Management
O D. Adaptability/Flexibility

Answers

The correct answer is B. Collaboration

Explanation:

Collaboration refers to the ability to cooperate, communicate, and work with others to achieve a common goal or complete a task. This is considered a soft skill because it is not related to knowledge but to interpersonal relations. Moreover, this is the skill Eden represents because when he found a problem when trying to complete a task he communicated and worked with his coworkers to solve the issue and successfully complete the task.

Answer: Collaboration

Explanation: I’ll edit this if I got it wrong, I’m taking the test rn

LSM subcontracted with Henry Isaacs Home Remodeling and Repair (Isaacs) to perform the roofing work on the project. Isaacs in turn subcontracted with Hal Brewster Home Improvements (Brewster), to conduct the roofing work on Isaacs' behalf. When Brewster performed work on the roof, he "botched the job" and caused extensive leaking inside the house. LSM and Issacs attempted to correct the problems, but eventually abandoned the project, leaving Logan-Baldwin to hire others to complete the renovations. Logan-Baldwin sued LSM, Isaacs, and Baldwin for breach of contract. Isaacs sought to dismiss Logan-Baldwin's claim against it, arguing no privity of contract existed between themselves and Logan-Baldwin, and therefore Isaacs should not be liable for any damages.

Required:
Does Logan-Baldwin have contract rights over Isaacs as an intended third-party beneficiary?

1. Because Henry Isaacs delegated its duty to repair the roof to Brewster, Henry Isaacs remains responsible for Brewster's failure to install the new roof on the residence properly.
a. True
b. False

2. Logan-Baldwin is entitled to compensatory damages (covering the cost of hiring other contractors to fix the roof) caused by the breach of contract by LSM and Henry Isaacs.
a. True
b. False

3. Logan-Baldwin qualified as a third party creditor beneficiary of the contract between LSM and Henry Isaacs and the contract between Henry Isaacs and Brewster, even if Logan-Baldwin is not named in those contracts.
a. True
b. False

4. Palisades Plaza is not entitled to damages for breach contract by LSM, Henry Isaacs, and Brewster unless Palisades Plaza has clean hands and has tendered performance under the contract.
a. True
b. False

5. If the agreement between Henry Isaacs and Brewster to install a new roof is a novation, Henry Isaacs is not liable for breach of contract for the failure to install the new roof properly.
a. True
b. False

Answers

Answer:

1. true

2. true

3. false

4. true

5. false

Sheridan Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the income tax expense reported on the face of the income statement?
Sales revenue $ 500,000
Cost of goods sold 300,000
Salaries and wages expense 40,000
Depreciation expense 55,000
Dividend revenue 45,000
Utilities expense 5,000
Extraordinary loss 50,000
Interest expense 10,000
a. $54,000
b. $34,000
c. $36,000
d. $16,000

Answers

Answer:

a. $54,000

Explanation:

The computation of income tax expense reported on the face of the income statement is shown below:-

Income before tax = Sales revenue + Dividend revenue - Cost of goods sold - Salaries and wages expenses - Depreciation expenses - Utilities expenses - Interest expenses

= $500,000 + $45,000 - $300,000 - $40,000 - $55,000 - $5,000 - $10,000

= $135,000

Income tax expenses = Before Income tax × Income tax rate

= $135,000 × 40%

= $54,000

g Hudson Co. If the company raises its selling price to $300 per unit. 1. Compute Hudson Co.'s contribution margin per unit. 2. Compute Hudson Co.'s contribution margin ratio. 3. Compute Hudson Co.'s break-even point in units. 4. Compute Hudson Co.'s break-even point in sales dollars.

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

We weren't provided with enough information to solve the requirements. But, I will provide an example and formulas to guide an answer.

Example:

Selling price= $300

Unitary variable cost= $170

Fixed costs= 125,000

First, we need to calculate the contribution margin and contribution margin ratio:

Contribution margin= selling price - unitary variable cost

Contribution margin= 300 - 170= 130

Contribution margin ratio= contribution margin/selling price

Contribution margin ratio= 130/300= 0.43

Now, we can determine the break-even point in units and dollars:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 125,000/130

Break-even point in units= 962

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 125,000/0.43

Break-even point (dollars)= $290,698

Choice Creations, Inc. sells hand sewn shirts at $ 44.00 per shirt. It incurs monthly fixed costs of $ 6 comma 000. The contribution margin ratio is calculated to be 30%. What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places.)

Answers

Answer:

$30.80

Explanation:

According to the situation, the solution is as follows:

The variable cost per shirt is

Since the selling price per shirt is $44

And, the contribution margin ratio is 30%

So, the variable cost margin ratio is 70%

Now the variable cost per shirt is

= Selling price per shirt × variable cost margin ratio

= $44 × 70%

= $30.80

Hence, the variable cost per shirt is $30.80

"A 7% general obligation bond is issued with 20 years to maturity. A customer buys the bond on a 7.50% basis. The bond contract allows the issuer to call the bonds in 5 years at 102 1/2, with the call premium declining by 1/2 point a year thereafter. The bond is puttable in 5 years at par. The price of the bond to a customer would be calculated based on the:"

Answers

The available options are:

A. 5 year call at 102 1/2

B. 5 year put at 100

C. 10 year call at 100

D. 20 year maturity

Answer:

20 year maturity

Explanation:

Given that, the bond has a stated rate of interest of 7%, and at the same time, priced to yield 7.50%, this implies that, the bond is being sold at a discount.

The amount of the discount to which this equates is about $140 (this is depending on the figure). The dollar price of the bond would be $860 to yield 7.50% to maturity. Based on MSRB rules, it is ideal that, bonds are priced on a worst case basis, meaning in this case where the discount is $140, and it is earned over the longest period of time. This can only occurs if the bonds are held to maturity.

It should be noted that, If the bonds are called earlier, the yield actually improves on the bonds, since the customer earns the discount faster.

Hence, The price of the bond to a customer would be calculated based on the: 20 year maturity.

Suppose a farmer is expecting that her crop of oranges will be ready for harvest and sale as 150,000150,000 pounds of orange juice in 33 months time. Suppose each orange juice futures contract is for 15,00015,000 pounds of orange juice, and the current futures price is F_0 = 118.65F 0 =118.65 cents-per-pound. Assuming that the farmer has enough cash liquidity to fund any margin calls, what is the risk-free price that she can guarantee herself.

Answers

Answer:

Explanation:

The risk-free rate is the interest that an investor will typically expect from an investment over a period of time.

From the question, the risk free price will be the current futures price which has been given as 118.65 cents per pound.

Therefore, since the farmer is ready for harvest and sale as 150,000 pounds of orange juice in 33 months time, he will have a price of:

= 150,000 × $118.65

= $17,797.5

Developing the annual budget a.usually begins on the first day of the prior year. b.usually begins on the first day of the fiscal year. c.usually begins several months prior to the end of the current year. d.is not necessary.

Answers

Answer: c.usually begins several months prior to the end of the current year.

Explanation:

A budget is an aid to management that is useful in planning and the achievement of the goals of an organization.

It should be noted that developing the annual budget usually begins several months prior to the end of the current year.

To maximize profit when a constrained resource exists, management should produce the sales mix that has the highest contribution margin per unit of scarce resource. true or false

Answers

Answer: True

Explanation:

To maximize profit when a constrained resource exists, management should produce the sales mix which has the highest contribution margin per unit of scarce resource.

For example, if the contribution per unit of product A and product B are 15 and 20, with labor hour required for product A 1 hour and that of product B 2 hours and the contribution margin for product you for product A is $15 and for product B is $10.

Then, product A has higher contribution margin despite using less labor hour.

Suppose that on Valentine's Day, the demand for both roses and greeting cards increases by the same percentage amount. However, the price of roses increases by more than the price of greeting cards. Based on this information, you can conclude that the supply of Valentine's card:_______.

Answers

Answer:

The correct answer is: the supply of the greeting cards is less elastic than the one of the roses.

Explanation:

To begin with, the elasticity show how much the price and the quantity are related by indicating the variation that happens to one of them when the other changes. Therefore that the supply of the greeting cards is less sensitive to price because when the quantity demanded increased the price did not change as much as the roses due to the fact that the sellers were not encourage as much as the sellers of the roses to produce more and therefore to increase the price of the cards. So to sum up, when the price changed the sellers were not encourage to increase the production of the cards as much as the production of the roses because of its elasticity.

Answer:

the supply of the greeting cards is less elastic than the one of the roses.

Explanation:

Anthony Corporation reported the following amounts for the year: Net sales $296,000 Cost of goods sold 138,000 Average inventory 50,000 Anthony's average days in inventory is (round to the nearest whole day):

Answers

Answer:

132.25 days

Explanation:

average days in inventory is an activity ratio.

Activity ratios calculates the efficiency of performing daily tasks.

average days in inventory = number of days in a period / inventory turnover

inventory turnover = cost of goods sold / average inventory = 138,000 / 50,000 = 2.76

Assuming a 365 day period , 365 / 2.76 = 132.25

Sarah used the Hide command on her Excel worksheet. What would be the most likely reason to use this command?
O Sarah hid the cells to delete them from the worksheet.
O Sarah hid the cells to erase the formula they were part of
O Sarah hid the cells because the information they contained wasn't relevant to her task.
O Sarah hid the cells to highlight their importance.

Answers

Answer:

Sarah hid the cells because the information they contained wasn't relevant to her task.

Explanation:

Hiding the cells does not delete them from the worksheet, and it does not erase them from the formula that they are part of. Also, hiding cells does not highlight their importance, because they are hidden.

Answer: C

Explanation: cause i am right

Kant Corporation retires its $500,000 face value bonds at 102 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $481,250. The entry to record the redemption will include a

Answers

Answer and Explanation:

The Journal entry is shown below:-

Bonds payable Dr, $500,000

Loss on retirement of bonds Dr, $28,750

($510,000 + $18,750 - $500,000 )

To Cash $510,000 ($500,000 × 1.02)

To discount on bonds payable $18,750 ($500,000 - $481,250)

(Being redemption is recorded)

Here we debited the bonds payable and loss on retirement of bonds as it decreased the liabilities and increased the loss and we credited the cash and discount on bonds payable as it decreased the assets and increased the liabilities

Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2%, but has no 12b-1 fee and an expense ratio of 0.25%. Assume the rate of return on both funds’ portfolios (before any fees) is 6% per year. How much will an investment of $1,000 in each fund grow to after:
a. 1 year?
b. 3 years?
c. 10 years?

Answers

Answer:

Loaded - Up Fund

1 Year

The value of the investment can be calculated by the formula;