Answer: Interest Maturity Date
(a) 78110×7%×(60/360) = $911 August 9
(b) 46200×8%×(90/360)= $924 October 12
(c) 11700×9%×(75/360) = $219 July 11
Explanation:
To compute the interest we apply the following formula:
Interest= (Principal) × (Interest Rate) ×(Terms ÷360)
For the Maturity date, we add Terms to the Date of note .
By using the above formula for the given table, we get the following values
Interest Maturity Date
(a) 78110×7%×(60/360) = $911 August 9
(b) 46200×8%×(90/360)= $924 October 12
(c) 11700×9%×(75/360) = $219 July 11
Strong Look Corporation provided the following information to its accountants. The company had current assets of $145,332, net fixed assets of $356,190, and other assets of $4,176. The firm has long-term debt of $76,445, common stock of $200,000, and retained earnings of $134,461. What amount of current liabilities does this firm have?
Answer:
Explanation:
Given the following :
current assets = $145,332
Net fixed assets = $356,190
Other assets = $4,176
Long-term debt = $76,445
Common stock = $200,000
Retained earnings = $134,461
Current liabilities = ( Total assets - Long-term debt - Total stockholders' equity)
Total assets = (current + net + other) assets
Total assets = $(145,332 + 356,190 + 4, 176) = $505,698
Total Stockholder's equity = ( common stocks + retained earning)
Total stockholders' equity = $200,000 + $134,461 = $334,461
Current liabilities = ( Total assets - Long-term debt - Total stockholders' equity)
Current Liabilities :
($505,698 - $76,445 - $334,461) = $94,792
A seller's current real estate tax is $1,175 per year including the homeowner's exemption. The condo is sold to a buyer for $197,500. Assuming no local assessments are added to the tax bill, what will be the buyer's real property tax bill including the homeowner's exemption
Answer:
Home owner's exemption is not the same as homestead exemption. Depending on the state that you live, homestead can be up to $50,000 of the home's value, but homeowner's exemption is generally up to $7,000 only. This means that the buyer's basis will lower by $197,500 - $7,000 = $190,500.
Assuming that the real estate tax rate is 1%, then the new tax bill (including homeowner's exemption) would be $190,500 x 1% = $1,905.
At Sunshine Toys, several employees must work together to develop a new product. No one in this group has worked with any of the others before, and the development of this product has not been attempted previously. According to the media richness model, which of the following communication channels is most appropriate in this situation?
A. emails
B. instant messaging
C. written documents
D. face-to-face meetings
Answer:
B OR D
Explanation:
B and D are the most reasonable answers. D is most likely the answer though.
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?
Answer: $7200
Explanation:
From the question, we are informed that most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family.
The amount of claim that would not be covered by the insurance will be:
= ($4,700 - 1,000) + ($6,000 - 2,500)
= $3,700 + $3,500
= $7,200
As a manager at IceCold Foods, Oscar is responsible for the firm's S'Cream brand of ice cream. He recently approved a proposal to test market new ice cream flavors. He is also considering the possibility of lowering the price of the ice cream and initiating a new advertising campaign. Oscar serves as a
Answer: Brand manager
Explanation:
From the question, we are informed that Oscar is a manager at IceCold Foods, and that he is responsible for the firm's S'Cream brand of ice cream and he recently approved a proposal to test market new ice cream flavors and also considering the possibility of lowering the price of the ice cream and initiating a new advertising campaign.
Based on the above scenario, Oscar is a brand manager. A brand manager is in charge of promoting a brand and also running different campaign and advertisement to ensure that the brand is exciting and up to date.
The list provided by the International Trade Administration to a potential exporter with the names and addresses of potential distributors in foreign markets, along with businesses they are in, is called the
Answer: Best prospects list
Explanation: The best prospects list is usually issued to potential exporters by the International Trade Organization which serves functions such as facilitating trade operations between countries by eliminating several trading issues such as negotiating and reducing trade tariff, regulating restrictive policies and also providing useful information necessary for successful trading to traders.
The provision of best prospects list offers firsthand information to potential traders about available and certified markets and distributor information which could facilitate ease of trading.
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production output is sent to its warehouse for shipping. All direct materials are added to products when processing begins. Beginning work in process inventory is 20% complete with respect to conversion.
Equivalent Units of Production Direct Materials Conversion
Units transferred out 37,500 EUP 37,500 EUP
Units of ending work in process 2,000 EUP 1,200 EUP
Equivalent units of production 39,500 EUP 38,700 EUP
Costs per EUP Direct Materials Conversion
Costs of beginning work in
process $13,450 $1,860
Costs incurred this period 440,800 238,080
Total costs $454,250 $239,940
Units in beginning work in process (all completed during July) 1,500
Units started this period 38,000
Units completed and transferred out 37,500
Units in ending work in process 2,000
Exercise 16-12 Weighted average: Completing a process cost summary LO C3
Prepare its process cost summary using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)
Answer:
Units Transferred Out $ 663750
Work In Process Ending $ 30440
Direct Materials Costs $ 11.5 per EUP Conversion Costs$6.2 per EUP
Explanation:
Ashad Company
Weighted Average Method
Cost Of Production Report
Equivalent Units of Production
Direct Materials Conversion
Units transferred out 37,500 EUP 37,500 EUP
Units of ending work in process 2,000 EUP 1,200 EUP
Equivalent units of production 39,500 EUP 38,700 EUP
Costs Added
Direct Materials Conversion
Costs of beginning work in
process $13,450 $1,860
Costs incurred this period 440,800 238,080
Total costs $454,250 $239,940
Costs per EUP
Direct Materials Conversion
$454,250/ 39,500 EUP $239,940/38,700 EUP
= $ 11.5 per EUP = $6.2 per EUP
Dividing the costs with EUP gives cost per EUP.
Costs Accounted For
Units Transferred Out $ 663750
Materials = $ 11.5 * 37500=$ 431250
Conversion= $ 6.2 * 37500=$ 232500
Total = $ 663750
Work In Process Ending $ 30440
Materials = $ 11.5 * 2000=$ 23000
Conversion= $ 6.2 * 1200=$ 7440
Total = $ 30440
Now adding the costs of Transferred out units and the ending work in process inventory equals the total of the costs added.
$ 663750+$ 30440 = $454,250 + $239,940
$ 694190 = $ 694190
QUESTION 1
All of the following are barriers to entering global markets EXCEPT:
A. Protectionism
B. Restrictions on trans-border data flow
C. Protection of intellectual property
D. FDA regulations on imported products
E. Cultural barriers and adaptation
Help ASAP!!!!!
Answer:
D. FDA regulations on imported products
Explanation:
The barriers to entering global markets are; protectionism, restrictions on trans-border data flow, protection of intellectual property and cultural barriers and languages. Most counties that uses the aforementioned does so basically to protect their home industries from foreign competition and also to safeguard the interest and wellbeing of its citizenry. However, no country can stand on its own as countries have comparative advantages over each other in production of certain products.
With regards to the above, FDA(food and drug adminstration) regulations on imported product is not a barrier to entering global market. FDA are body that makes regulations that all imported products must meet the same standard as the local goods hence must be safe to eat, pure, wholesome and manufactured under clean conditions. It also state that drugs, cosmetics must be produced from approved materials hence must meet standards already established by the board. They are basic requirements that must be meet before foreign products are allowed into the country.
Antonia's presentation will discuss the advantages and disadvantages of selling her company's product exclusively online. The most effective organizational strategy for Antonia's presentation would be by ________.
Answer:
comparison/contrast
Explanation:
The most effective organizational strategy for Antonia's presentation would be by comparison/contrast. This organizational strategy focuses on comparing all the pros and cons of choosing to go a certain route in a business decision with the pros and cons of choosing to go another route. This is what Antonia is planning to discuss with the advantages and disadvantages, but in order to convince the viewers she needs to compare this with the advantages and disadvantages of not selling exclusively online.
who was the first human beings
Answer:
there is not first human beings but I hope this will help you
Explanation:
The earliest members of the genus Homo are Homo habilis which evolved around 2.8 million years ago. Homo habilis has been considered the first species for which there is clear evidence of the use of stone too
The main difference between the classical model of the price level and the modern understanding of the relationship between the money supply, the price level, and real GDP is that according to classical economists, _____, while today's economists _____
Answer:
D. classical economists the adjustment of prices to changes in the money supply is instantaneous, while economists today argue that this adjustment process takes some time.
Explanation:
The difference between the classical and modern understanding of the price level is highlighted in the Classical and Keynesian theories. The Classical model assumes that the economy moves towards full employment and is self-adjusting. It also stipulates that prices and wages are flexible based on the demands at the present time. So it simply explains changes in the short-run which automatically resolve themselves without requiring and external help from the government or any other source.
The Keynesian model was developed after the Great Depression when there was massive unemployment. It holds that the economic output reflected in the real GDP, as well as price level, can remain below its optimum potential for a long period of time, thus requiring external factors to stabilize them. Therefore, the adjustment process takes some time to be fully resolved.
Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit and a cast, he receives a hospital bill for $10,000. According to his health insurance policy, he has $2,000 deductible (which he did not pay this year at all) and a 20% co-pay. How much Conor will have to pay for the hospital?
Answer:
$6,000
Explanation:
A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.
Step 1: 10,000 - 2,000 = 8,000
A co-pay is a fixed amount the insured has to pay for certain medical services.
Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600
Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)
Total amount that Conor will have to pay for the hospital: $3,600
Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high level? a) hyperinflation b) disinflation c) inflation d) reflation
Answer:
Reflation
Explanation:
The type of inflation which occurs when prices are high, then drop due to lower demand, and then are restored to a previous high level is known to be as reflation Option(d) is correct generally and actually.
What does Reflation means?Reflation is utilized to portray an arrival of costs to a past pace of expansion.
One use portrays a demonstration of invigorating the economy by expanding the cash supply or by diminishing expenses, looking to bring the economy explicitly the cost level back up to the drawn out pattern.
In this point of view, reflation, is diverged from expansion (barely talking) over the some drawn out pattern line, while reflation is a recuperation of the cost level when it has fallen beneath the pattern line.
For instance, on the off chance that expansion had been running at a 3% rate, yet for one year it tumbles to 0%, the next year would require 6% expansion (really 6.09% because of building) to get back up to the drawn out pattern. This higher than typical expansion is viewed as reflation, since it is a re-visitation of pattern, not surpassing the drawn out pattern.
This qualification is predicated on a hypothesis that financial development, where there is long haul development in the economy and cost level, is both feasible and alluring. Similarly as disinflation is viewed as an adequate remedy to high expansion, reflation is viewed as a cure to flattening.
Therefore Option(d) is correct.
Learn more about Inflation here:
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A firm has current assets that could be sold for their book value of $30 million. The book value of its fixed assets is $68 million, but they could be sold for $98 million today. The firm has total debt with a book value of $48 million, but interest rate declines have caused the market value of the debt to increase to $58 million. What is this firm's market-to-book ratio
Answer:
The market-to-book value ratio = market value is to book value of the firm
= $70 : $50 (in millions)
= 7: 5
= 1.4 : 1
Explanation:
a) The book value of the firm is calculated as follows:
Current assets = $30,000
Fixed assets = 68,000
less liabilities = (48,000)
Net book value = $50,000
b) The market value of the firm is calculated as follows:
Current assets = $30,000
Fixed assets = 98,000
less liabilities = (58,000)
Net market value = $70,000
c) The market-to-book ratio is a financial metric that calculates the relationship between the market value and the book value of the firm. The market value represents what the firm's net assets are worth in the market. The book value represents the firm's net assets according to the records kept, which are usually based on the historical costs of assets and liabilities.
broker-dealer based in New York has a Net Capital requirement of $100,000. The broker-dealer also has 2 branch offices in New Jersey and 1 branch office in Connecticut. Under Uniform State Law, the Net Capital requirement for this broker-dealer is:
Answer:
$100,000
Explanation:
Data provided in the question
Net capital requirement = $100,000
Number of branch offices = 3
Based on the above information
The net capital requirement for this broker-dealer is $100,000. According to the uniform state law refers to the law in which there is uniformity or the same laws to be followed from state to state
Since the net capital is $100,000 so the same is to be considered in case of 3 branches offices as there is an existence of uniformity
Products can be returned for various reasons, such as product recalls, product damage, lack of demand, and customer dissatisfaction. This process is called______. Group of answer choices Reverse Auction Reverse Logistics Pull Forward Pull System
Answer:
Returned goods
Explanation:
The returned goods process is the process in which the goods are returned due to several reasons i.e damaged of the product, demand lacking, the customer is not satisfied with the product as the company does not meet the customer demand to the level of their expectation
Therefore this process we called returned goods
And this is the answer but the same is not presented in the given options
In a perfectly competitive market, a firm's short-run supply curve is:_________.
a. its average variable cost curve below the point of intersection with its total cost curve.
b. its total cost curve between the shutdown point and the break-even point.
c. its marginal cost curve equal to or above the point of intersection with its average variable cost curve.
d. its total cost curve.
Answer:
B
Explanation:
The reference base period for the CPI is 1982-1984. In May 2017, the CPI was 244.7. Complete the sentence. This CPI in May 2017 tells us that the ______ of the prices paid by urban consumers for a fixed basket of consumer goods and services was ______ .
Answer:
1. average;
2. 144.7 percent higher in May 2017 than the average of 1982-1984
Explanation:
Given the reference base period for the CPI is 1982-1984. And then, considering that in May 2017, the CPI was 244.7.
Then completing the following statement goes thus:
The Cost Price Index, often shortened as CPI, in May 2017 tells us that the AVERAGE of the prices paid by urban consumers for a fixed basket of consumer goods and services was "144.7 percent higher in May 2017 than the average of 1982-1984."
You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 3 million shares of stock. Since then, you have sold an additional 2 million shares of stock to angel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $4 million and would receive 2 million newly issued shares in return. Assuming that this is the venture capitalist's first investment in your firm, what percentage of the firm will the venture capitalist own?
Answer:
28.57%
Explanation:
currently total shares outstanding are:
you own 3 million sharesangel investors own 2 million sharestotal shares outstanding 5 millionif the corporation issues 2 million shares more, then the total shares outstanding would increase to 7 million.
The venture capitalist's investment in your firm would represent 2/7 = 28.57% of the firm's total shares.
Answer:
28.57%
Explanation:
Its right on the quiz
Jenkins Inc., prepared its financial statement for 2008 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables of $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have?
Answer:
$18,334
Explanation:
Given the following :
Cash worth = $1,234
Inventory worth = $13,480
Accounts receivable worth = $7,789
Net fixed asset = $42,331
Other assets = $1,822
Accounts payables = $9,558
Notes payables = $2,756
common stock = $22,000
Retained earnings = $14,008
Long term debt :
Total asset - current liability - stockholders equity
Total asset =current asset + net fixed asset + other asset
Current asset = cash worth + inventory worth + accounts receivables
Current asset = $(1234 + 13480 + 7789) = $22503
Total asset = $(22503 + 42331 + 1822) = $66656
Current liabilities = Accounts payables + notes payables
Current liabilities = $(9558 + 2756) = $12314
Stockholders equity = $(22,000 + 14,008) = $36,008
Long term debt :
Total asset - current liability - stockholders equity
$(66656 - 12314 - 36008) = $18,334
GW Corp. has two shareholders; Devana owns 40 shares and another corporation, Alpine, Inc., owns another 60 shares. Devana is also a 40% shareholder in Alpine, Inc. Under the attribution rules for the change in stock ownership tests in a redemption, how many shares of GW Corp. does Devana own
Answer:
40%
Explanation:
Devana owns 40% of GW Corp. despite having another 40% shares in Alpine Inc. This is as a result of Devana not having up to 50% shares in Alpine Inc.
Without up to 50% shares in Alpine Inc, the shares of Alpine Inc. in GW Corp. cannot be attributed to Devana.
This means that for Devana to own Alpine Inc shares in GW Corp. it has to acquire 10% more in addition to the 40% it already has.
Cheers.
Spartan Systems reported total sales of $374,400, at a price of $24 and per unit variable expenses of $13, for the sales of their single product. Total Per Unit Sales $ 374,400 $ 24 Variable expenses 202,800 13 Contribution margin 171,600 $ 11 Fixed expenses 95,000 Net operating income $ 76,600 What is the amount of contribution margin if sales volume increases by 25%
Answer:
$214,500
Explanation:
For the computation of the amount of contribution margin first we need to follow some steps which are shown below:
No of units sold = Total sales ÷ selling price per unit
= $374,400 ÷ $24
= $156,00
Variable cost = No of units sold × Variable cost per unit
Variable cost = $15,600 × $13
=$202,800
Contribution margin = Sales - Variable cost
= $374,400 - $202,800
= $171,600
CM ratio = Contribution margin ÷ Sales
= $171,600 ÷ $374,400
= 0.46
Contribution margin = CM ratio × Sales Contribution margin
= 0.46 × (1.25 × $374,400)
= $214,500
Q 8.17: The financial statements of the Larson Company report net sales of $1,000,000 and accounts receivable of $80,000 and $60,000 at the beginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days
Answer:
25.55 days
Explanation:
first we must calculate the accounts receivable turnover ratio = net sales / average accounts receivable
net sales = $1,000,000
average accounts receivable ($80,000 + $60,000) / 2 = $70,000
accounts receivable turnover ratio = $1,000,000 / $70,000 = 14.286
average collection period = 365 days / accounts receivable turnover ratio = 365 / 14.286 = 25.55 days
Plezion Corp. is an independent distributor that connects furniture sellers to its buyers. The company distributes furniture made of plastic, wood, and carbon fiber on a large scale. The company does not take legal ownership of the goods it distributes. In this scenario, it can be said that Plezion Corp. is a(n) _____.
Answer:
Agent
Explanation:
A business agent is defined as a person or entity that manages the business affairs of another person or company.
The extent of their duties depends on the contract that exists between the agent and the entity they represent.
Usually agents are involved in negotiating contracts on behalf of their clients.
Plezion Corp. serves as an agent when they connect furniture sellers to buyers, and distribute furniture made of plastic, wood, and carbon fiber on a large scale.
The company does not take legal ownership of the goods it distributes.
Answer:
agent
Explanation:
An agent is an independent sales representive that can work for different businesses and negotiates with other parties to sell their products in exchange for a comission and the businesses it represents maintain the ownership of the products. According to this, the answer is that in this scenario, it can be said that Plezion Corp. is an agent because it sells products manufactured by other companies and it doesn't take legal ownership of them.
The balance in the Finished Goods inventory account at the beginning of the month was $79,000 and at the end of the month was $72,000. The cost of goods manufactured for the month was $361,600. The actual manufacturing overhead cost incurred was $118,400 and the manufacturing overhead cost applied to jobs was $112,000. The adjusted cost of goods sold that would appear on the income statement for July is
Answer:
Adjusted cost of goods sold $ 375,000
Explanation:
Under-absorbed overhead = Actual overhead - Absorbed overhead
= 118,400- 112,000 = 6,400
Under-absorbed overhead= 6,400
Data:
Opening inventory 79,000
cost of goods sold 361,600
under absorbed overhead 6,400
closing inventory 72,000
The income statement would as follows:
$
Opening inventory 79,000
Add cost of goods sold 361,600
Add under absorbed overhead 6,400
less closing inventory (72,000)
Adjusted cost of goods 375,000
Note the under absorbed overhead implies that the cost of manufactured reported before the adjustment for the under-absorbed overhead is under cost and charged. To correct this the under absorbed overheard figure is added back.
prime factorization of 1624
Answer:
1624 = 2, 4, 8, 7, 56, 29, 1624 divided by 2, 2, 2, 7, 29
Explanation:
start by dividing the number by the first prime number which is 2.and continue dividing. only can divide by prime numbers since it's prime factorization.
You would like to implement an interval DRO procedure with one of your students with autism to decrease hand flapping (so that you can get the student to attend to her work eventually). You conduct some baseline observations and find that the student stops flapping her hands for about 2 minutes on average. What would an appropriate initial DRO interval be?
A) 2 seconds
B) 2 minutes, 30 seconds
C) 1 minute, 45 seconds
D) 4 minutes
Answer:
C
Explanation:
Jamie and Peter Dawson own 220 shares of Duke Energy common stock. Duke Energy’s quarterly dividend is $0.86 per share. What is the amount of the dividend check the Dawson couple will receive for this quarter? (Round your answer to 2 decimal places.)
Answer:
$189.20
Explanation:
Quarterly amount of dividend check = quarterly dividend per share x number of shares.
Quarterly dividend = $0.86
number of shares = 220
Check amount = 220 x $0.86
= $189.20.
Cheers.
The town of Utopia has three gas stations. The owners of these gas stations make decisions together about when to raise or lower gas prices. It would be difficult for another gas station to enter this market. Which market structure best describes the market for gas in Utopia
Answer:
The answer is "Oligopoly"
Explanation:
The term Oligopoly is the corporate system with just a limited number of companies, which would keep some other companies for having a significant impact. It's absorption ratio that measures its highest companies ' market percentage.
In this one of the companies is now a monopoly, and two companies are a duopoly and two or more companies are also an oligopoly. It is mostly characterized by its interdependence throughout the activities of the few firms making up an industry. It is indeed important because the company tends to make little increase in demand, production, so if the competition is so few.The method of developing budget estimates that requires managers to estimate sales, production, and other operating data as though operations are being started for the first time is __________ budgeting. a.flexible b.continuous c.zero-based d.master
Answer:
c
Explanation:
Zero-based budgeting is a method of budgeting in where expenses must be justified for each new period. It requires managers to estimate sales, production, and other operating data as though operations are being started for the first time
The master budget is the sum of all budget made by lower levels in the organisation.
Continuous budgeting is the process of expanding the budget by adding one more month as each month goes by.
A flexible budget is a budget that changes to the activity levels of a the organisation