Answer:
Adjusted Cash Balance $ 12,596
Explanation:
September 30 Cash account balance$12,596
September 30 Bank statement, balance $16,253
September 30 Difference in balances $3657
Clear Windows
Bank Reconciliation Statement
September 30 Bank statement, balance $16,253
less Outstanding checks $6,740,
Less Bank service charge $16,
Add Deposit in Transit $ 3099
September 30 Cash account balance $ 12,596
Adjusted Cash Balance is the same as the cash book balance.
We start from the bank balance , dot the necessary adjustments and get the same cash book balance.
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, an auction house sold a sculpture at auction for a price of $10,371,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,497,500.
What was his annual rate of return on this sculpture? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Annual rate of return %
Answer:
-4.25%
Explanation:
purchase price in 1999 = $12,497,500
purchase price in 2003 = $10,371,500
annual rate of return = {[($10,371,500 - $12,497,500) / $12,497,500] / (2003 - 1999)} x 100 = (-0.170114 / 4) x 100 = -4.25%
the annual rate of return refers to how much money you win or loss with an investment during a year. In this case, the investor lost $2,126,000 in 4 years, which resulted in a total loss of 17.01% for the whole period.
Rodriguez Company pays $385,000 for real estate plus $20,405 in closing costs. The real estate consists of land appraised at $193,500; land improvements appraised at $86,000; and a building appraised at $150,500.
Allocate the total cost among the three purchased assets and prepare the journal entry to record the purchase.
Answer: Please see answer in the explanation column
Explanation:
a) Allocate the total cost among the three purchased assets
Total Appraised value of the three assets = Land(193,5000 )+land improvement(86,000) + building (150,500) =$430,000
Total amount of acquisition of assets =Purchase price of assets + closing costs = $385,000 + 20,405= $405,405
1)Asset --Land
Appraised value= $193,500
percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 193,500/430,000 x 100= 45%
Apportioned amount = 45% x $405405 = $182,432.25
2)Asset --Land improvements
Appraised value= $86,000
percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 86,000/430,000 x 100= 20%
Apportioned amount = 20% x $405405 = $81,081
3) Asset --Building
Appraised value= $150,500
percentage of appraised value = appraised value of asset / total appraised value of the three assets x 100%= 150,500/430,000 x 100= 35%
Apportioned amount = 35% x $405405 = $141,891.75
Total cost = Apportioned amount of ( Land + Land improvements +Building ) =
$182,432.25 + $81,081+ $141,891.75= $405,405
b)Journal entry to record purchase of the three assets
Account Debit Credit
Land $182,432.25
Land improvements $81,081
Building $141,891.75
Cash $405,405
Which of the following is an advantage of a partnership?
A.ease of starting and ending the business
B. Shared management and pooled skills
C. Unlimited liability
D. Little time commitment
Answer:
B
Explanation:
as if u share a business then the time and management is also shared
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Xinghong company is considering replacing one pf its manufacturing machines. The machine has a book value of $44000 and a remaining useful life of five years, at which time its salvage value will be zero. It has a curretn market value of 54000 variable manufacturing costs are $33600 per year for this machine. Inforamation on two alternative replacement machines follows.
Alternative A Alternative B
Cost $117,000 $118,000
Variable manufacturing costs per year 22,700 10,700
1. Calculate the total change in net income if Alternative A is adopted.
Alternative A: Increase or (Decrease) in Net Income
Cost to buy new machine
Cash received to trade in old machine
Reduction in variable manufacturing costs
Total change in net income
2. Calculate the total change in net income if Alternative B is adopted.
Alternative B: Increase or (Decrease) in Net Income
Cost to buy new machine
Cash received to trade in old machine
Reduction in variable manufacturing costs
Total change in net income
3. Should Xu keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xu purchase?
A. Alternative B
B. Alternative A
C. Keep the manufacturing machine
Answer:
1. Decrease in Net Income of -$8,500
2. Increase in Net Income of $50,500
3. Replace the old machine with Alternative B
Explanation:
1.
Alternative A
Cost to Buy New Machine -$117,000
Cash received to trade in old machine $54,000
Reduction in Variable Manufacturing Costs (($33,600*5 years ) - (22,700*5 years )) $54,500
Total change in Net Income -$8,500
2.
Alternative B
Cost to Buy New Machine -$118,000
Cash received to trade in old machine $54,000
Reduction in Variable Manufacturing Costs (($33,600*5years ) - (10,700*5 years )) $114,500
Total change in Net Income $50,500
3. Replacing the old machine with alternative B will result in an increased income of $50,500 so it is a good option.
Sue is considering purchasing a new vacuum cleaner. Which of the following sets is she using when she is ready to make the final decision? Group of answer choices Total set Choice set Awareness set Consideration set
Answer:
choices Total.
Explanation:
By being ready to make the final purchase decision, Sua is using the choices total to make its decision.
The purchase decision process arises due to a need, from the emergence of that need the consumer will seek solutions to solve his problem, which means evaluating the alternatives related to the product or service he wants to buy, such as value, benefits, brand , quality, design, etc., so when all these requirements are satisfied, the consumer actually makes the purchase and satisfies his needs.
You consider buying a share of stock at a price of $25. The stock is expected to pay a dividend of $1 next year, and your advisory service tells you that you can expect to sell the stock in 1 year for $30. The stock's beta is 1.3, rf is 6%, and market risk premium is 10%. What is the stock's alpha?
Answer:
5%
Explanation:
stock's Alpha = R - Rf - beta (Rm - Rf)
R represents the stock's return = $6/$25 = 24%Rf = 6%Beta = 1.3Rm = 16%Alpha = 0.24 - 0.06 - 1.3 (0.1) = 0.24 - 0.06 - 0.13 = 0.24 - 0.19 = 0.05 = 5%
A stock's Alpha is basically the excess return that the stock yields compared to an specific benchmark, e.g. S&P 500, Dow Jones.
Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2017.
Retained earnings $41,563
Preferred stock 8,485
Common stock—$12/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares 8,743
Treasury stock—67,346,829 common shares (2,450)
Paid-in capital in excess of par value—common stock 52,878
Required:
Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2017
Answer:
EQUITY AND LIABILITIES
EQUITY
Retained earnings $ 41,563
Preferred stock $ 8,485
Common stock - Issued $ 8,743
Treasury stock $ 2,450
Share Premium $ 52,878
Total Equity $114,119
Explanation:
The the stockholders’ equity section of the balance sheet shows the amount of capital invested by the shareholders in the business as well as the reserves that have been allocated to them.
At a computer-consulting firm, the number of new clients that they have obtained each month has ranged from 0 to 6. the number of new clients has the probability distribution that is shown below. determine the expected number of new clients per month. # of clients probability 0 0.05 1 0.10 2 0.15 3 0.35 4 0.20 5 0.10 6 0.05
Answer:
3.05
Explanation:
The computer consulting firm is analyzing the performance of its company based on new clients each month. The data is given for six months and the probability distribution for number of new clients per month that the company has gained. The probability sum equals to 1 for the six months. The variance distribution is the squared value of each the difference by the mean. values of probability are squared and then their sum is taken to calculate variance deviation.
You want employees to know that they can talk to retirement planning specialists. Which of the following statements is most likely persuasive to the most employees?
a) Make your financial dreams come true. Talk one-on-one with our expert retirement planners to decide which retirement packages make the most sense for you.
b) Learn about your options for retirement income. Talk one-on-one with our expert retirement planners to decide which retirement packages make the most sense for you.
c) Learn about your options for retirement income by talking one-on-one with our expert retirement planners, who can help you decide which retirement packages make the most sense for you based on your retirement goals and hopes.
d) Learn about your options for retirement income. Meet with our retirement planners to find out their recommendations for your retirement package.
Kim's brokerage company offers dual agency. Tom and Don are two of her licensed agents. Tom ha been appointed to represent the seller, and Don has been appointed to represent the buyer in an in-house transaction. In this situation, who is a dual agent ? A. Kim only B. Kim, Tom, and Don only C. all licensed agents Kim's broker age D. no one.
Answer:
A. IS THE ANSWER
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On April 1, 9,000 shares of $7 par common stock were issued at $26, and on April 7, 5,000 shares of $70 par preferred stock were issued at $108. Required: Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
Apr 1
DR Cash $234,000
CR Common stock $63,000
CR Paid in capital in excess of par - Common Stock $171,000
(To record issuance of common stock)
Apr 7
DR Cash $540,000
CR Preferred stock $350,000
CR Paid in capital in excess of par - Preferred Stock $190,000
(To record issuance of preferred stock)
Explanation:
April 1
Cash
9,000 * 26 = $234,000
Common stock
9,000*7 = $63,000
April 7
Cash
5,000*108 = $540,000
Preferred stock
5,000*70 = $350,000
Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30 per share. Joe Dumars then entered into the following transactions.
1. Purchased 5,000 treasury shares at $45 per share.
2. Resold 2,000 of the treasury shares at $49 per share.
3. Resold 500 of the treasury shares at $40 per share.
Indicate the effect each of the three transactions has on the financial statement categories listed in the table below, assuming Joe Dumars Company uses the cost method.
Answer:
Transaction 1
Assets - Decrease by $225,000
Cash expended to acquire shares = 5,000 * 45 = $225,000
Liabilities - No effect
Stockholders' equity - Decrease by $225,000
Increase in Treasury shares leads to decrease in the amount stockholders hold.
Paid In Capital - No effect
Retained Earnings - No Effect
Net Income - No Effect
Transaction 2
Assets - Increase by $98,000
Cash increased because of sale of stock = 2,000 * 49 = $98,000
Liabilities - No effect
Stockholders' equity - Increase by $90,000
= 2,000 * 45 = $90,000
Cost method means that when debiting from Treasury account, use original cost.
Paid In Capital - Increase by $8,000
If stock is sold for amount different from what it was bought, it goes into this account. If it is larger than it was bought for then this account increases and vice versa.
Retained Earnings - No Effect
Net Income - No Effect
Transaction 3
Assets - Increase by $20,000
Cash from sale of stock = 500 * 40 = $20,000
Liabilities - No effect
Stockholders' equity - Increase by $22,500
= 500 * 45 = $22,500
Paid In Capital - Decrease by $2,500
If stock is sold for amount different from what it was bought, it goes into this account. If it is smaller than it was bought for then this account decreases and vice versa.
Retained Earnings - No Effect
Net Income - No Effect
The ___________ organization becomes a central hub surrounded by networks of outside suppliers and specialists, and parts can be added or taken.
Answer: modular
Explanation:
A modular organizational structure is a form of business which can be separated and then recombined so as to bring about efficiency at the workplace.
In modular structure, the business is grouped into small, strategic business units that focuses on a particular element of the process in the organization. It leads to flexibility and efficiency.
The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2015. The drum sets sell for $500 each. The company has a 25% income tax rate.
Variable production costs
Plastic for casing $17,000
Wages of assembly workers 82,000
Drum stands 26,000
Variable selling costs
Sales commissions 15,000
Fixed manufacturing costs
Taxes on factory 5,000
Factory maintenance 10,000
Factory machinery depreciation 40,000
Fixed selling and administrative costs
Lease of equipment for sales staff 10,000
Accounting staff salaries 35,000
Administrative management salaries125,000
Compute its contribution margin per unit and its contribution margin ratio. Prepare a contribution margin income statement. Interpret the contribution margin and contrubition margin ratio.
Answer and Explanation:
The computation of contribution margin per unit and its contribution margin ratio and the Preparation of contribution margin income statement is shown below:-
Particulars Amount
Sales Revenue $500,000
(1,000 × 500)
Variable Costs
Plastic for casing $17,000
Wages of assembly workers $82,000
Drum stands $26,000
Sales commission $15,000
Total Variable costs $140,000
Contribution $360,000
($500,000 - $140,000)
Fixed Costs
Taxes on factory $5,000
Factory maintenance $10,000
Factory machinery depreciation $40,000
Lease of equipment for
sales staff $10,000
Accounting staff salaries $35,000
Administrative management
salaries $125,000
Total fixed Cost $225,000
Income $135,000
($360,000 - $225,000)
Taxes at 25% $33,750
Net Income $101,250
Contribution Margin per unit $360
($360,000 ÷ 1,000)
CM Ratio 0.72
(360,000 ÷ 500,00)
Answer and Explanation:
The computation of contribution margin per unit and its contribution margin ratio and the Preparation of contribution margin income statement is shown below:-
Particulars Amount
Sales Revenue $500,000
(1,000 × 500)
Variable Costs
Plastic for casing $17,000
Wages of assembly workers $82,000
Drum stands $26,000
Sales commission $15,000
Total Variable costs $140,000
Contribution $360,000
($500,000 - $140,000)
Fixed Costs
Taxes on factory $5,000
Factory maintenance $10,000
Factory machinery depreciation $40,000
Lease of equipment for
sales staff $10,000
Accounting staff salaries $35,000
Administrative management
salaries $125,000
Total fixed Cost $225,000
Income $135,000
($360,000 - $225,000)
Taxes at 25% $33,750
Net Income $101,250
Contribution Margin per unit $360
($360,000 ÷ 1,000)
CM Ratio 0.72
(360,000 ÷ 500,00)
We simply applied the above format
Harold Reese must choose between two bonds: Bond X pays $82 annual interest and has a market value of $935. It has 12 years to maturity. Bond Z pays $75 annual interest and has a market value of $920. It has eight years to maturity. Assume the par value of the bonds is $1,000. a. Compute the current yield on both bonds. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.) b. Which bond should he select based on your answers to part a
Answer:a)Bond X=8.77%; Bond Z=8.15%
b) Bond X
Explanation:
We will first Calculate the Current Yield of both bonds
Current Yield on Bond X = Annual Interest / Market Value
= 82 / 935 =0.0877 x100%= 8.77%
Current Yield on Bond Z = Annual Interest / Market Value
= 75 / 920
= 0.0815217391 X 100%=8.15%
(b.) Harold Reese should choose Bond X as it has higher current yield of 8.77%
Skills of CIOs needed to improve IT-business alignment and governance include all of the following except ________. Select one: a. Negotiating SaaS or other cloud service contracts b. Having political savvy c. Inspiring a shared vision and influencing subordinates and superiors d. Thinking strategically and making good decisions under pressure
Answer: Negotiating SaaS or other cloud service contracts.
Explanation:
The skills of CIOs that are needed to improve IT-business alignment and governance are having political savvy, inspiring a shared vision and influencing subordinates and superiors and also thinking strategically and making good decisions under pressure.
Therefore, negotiating SaaS or other cloud service contracts is not a skill of CIOs needed to improve governance and IT business alignment.
Harmony Company sells handminusknit scarves. Each scarf sells for $ 45. The company pays $ 70 to rent vending space for one day. The variable costs are $ 12 per scarf. How many scarves should the company sell each day in order to break even? (Round your answer up to the nearest whole scarf.)
Answer:
2.12, rounded up to 3
Explanation:
To solve the equation, we first need to set up an equation.
Let x represent the number of scarves. We want one side of the equation to be the amount earned and the other to be the cost
45x is how much they earn since each scarf is $45
70+12x is how much they cost for rent and production
45x=70+12x
Subtract 12x from both sides
33x=70
Divide both sides by 33
x=2.12
It says we should round up so 3 scarves to break even
How did the corporate culture of Enron contribute to its bankruptcy? Did Enron’s bankers, auditors, and attorneys contribute to Enron’s demise? If so, how? What role did the company’s chief financial officer play in creating the problems that led to Enron’s financial problems?
Answer:
Corporate Culture Of Enron:
The culture at Enron was not promoting integrity and core values of business ethics. The corporate culture of the company has been supporting unethical behavior of employees prevailing in the workplace. There have been no importance given to business ethics. The company punished the employees who appeared to be weak resource for the organization and department were forced to fire low ranking employees creating Job security issues for them. The employees then engaged in such illegal activities to keep themselves at the top rank even at the cost of company. There was also miscommunication in the organization about its performance to the stakeholders.
Explanation:
Contribution of Banker's, Auditors and Attorneys:
Auditors were responsible for ensuring accuracy of financial statements. Anderson deceived many investors who relied on companies financial statements. Anderson certified financial statements of the company without questioning them about the relevancy and accuracy. Anderson was found guilty of obstructing justice by destroying Enron's related auditing documents. Attorneys helped to mold some of company's special purpose partnership. These deals lead to demise of the company. Merrill Lynch replaced research analyst after his coverage of the Enron company which dissatisfied the company executives. Merrill Lynch was subject to threats by Enron that it would loose $750 million from stock offerings.
Role Of CEO:
The CEO of the company contributed to the bankruptcy of the company by involving in unconsolidated partnerships and special purpose entities. He was involved in exploiting the market by using techniques that rapidly exploit deregulating markets. He tripled the staff of Enron for demeaning the Enron's Credit Rating.
Locus Company has total fixed costs of $117,000. Its product sells for $51 per unit and variable costs amount to $26 per unit. Next year Locus Company wishes to earn a pretax income that equals 50% of fixed costs. How many units must be sold to achieve this target income level
Answer:
Break-even point in units= 7,020 units
Explanation:
Giving the following information:
Fixed costs= $117,000
Selling price= $51
Unitary variable cost= $26
Desired profit= $58,500
To calculate the number of units to be sold, we need to use the following formula:
Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit
Break-even point in units= (117,000 + 58,500) / (51 - 26)
Break-even point in units= 7,020 units
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.7 pounds of the material, S5 uses 3.4 pounds of the material, and G9 uses 6.1 pounds of the material. Demand for all products is strong, but only 44,500 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows.
K1 S5 G9
Selling price $155.8 $108.92 $205.55
Variable costs 91.00 90.00 136.00
Required:
Calculate the contribution margin per pound for each of the three products.
Answer:
K1 S5 G9
$ $ $
Contribution per pound 17.51 5.11 17.99
Explanation:
Contribution is he excess of selling price over variable cost. The following relationships would help in solving the question:
The contribution per Selling price - variable cost
The contribution per pound of a material = Contribution per unit/ Material per unit
K1 S5 G9
$ $ $
Selling price 155.8 108.92 202.55
Variable cost (91.00) ( 90.00) (136.00)
Contribution per unit 64.8 18.92 66.55
Material per unit 3.7 3.4 6.1
Contribution per pound 17.51 5.11 17.99
Caldwell Mining Co. acquired mineral rights for $48,750,000. The mineral deposit is estimated at 65,000,000 tons. During the current year, 19,500,000 tons were mined and sold.
A. Determine the depletion rate.B. Determine the amount of depletion expense for the current year.C. Journalize the adjusting entry on December 31 to recognize the depletion expense. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
A. $0.75 per ton
B. $14,625,000
C. Journal Entry :
Depletion Expense : mineral rights $14,625,000 (debit)
Accumulated Depletion : mineral rights $14,625,000 (credit)
Explanation:
Depletion Rate = Cost of Asset ÷ Expected Total Contents in Units
= $48,750,000 ÷ 65,000,000 tons
= $0.75 per ton
Current year depletion expense = Depletion Rate × Number of Units during the period
= $0.75 × 19,500,000 tons
= $14,625,000
Journal Entry :
Depletion Expense : mineral rights $14,625,000 (debit)
Accumulated Depletion : mineral rights $14,625,000 (credit)
Charles and Dina Bloom live in Swarthmore, PA. Their son, Gilberto, owns his own plumbing business.
For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
Transaction C I G X M
1. Charles's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China.
2. Dina buys a new BMW, which was assembled in Germany.
3. Gilberto buys a new set of tools to use in his plumbing business.
4. Dina gets a haircut.
5. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Charles and Dina's house.
Answer:
1. Charles's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. - exports (X),
Exports include the goods or services that originate in the US and are then sold to entities outside the USA. Charles works in the US and is providing services to an Australian firm so this qualifies as an export.
2. Dina buys a new BMW, which was assembled in Germany. - Consumption and Imports
Consumption refers to amounts spent by households or people in the Economy on goods and services. Imports refer to the use of goods and/ or services that did not originate in the US. Dina both spent on a good as well as the good being from outside the US making it both Consumption and Imports.
3. Gilberto buys a new set of tools to use in his plumbing business. - Consumption.
Consumption refers to amounts spent by households or people in the Economy on goods and services so Gilberto spending on a new set of tools qualifies as Consumption.
4. Dina gets a haircut. - Consumption.
Consumption refers to amounts spent by households or people in the Economy on goods and services so Dina getting a haircut which is a service falls under Consumption.
5. The Federal Aviation Administration expands the runways at Philadelphia International Airport, which is just a few miles from Charles and Dina's house. - Government Purchases
Government Purchase which are otherwise known as Government Spending refer to money spent by the government in an Economy. The FAA is a Federal Government agency so expanding the runway is a Government Purchase.
Fischer Company identified the following activities, costs, and activity drivers.
Activity Expected Costs Expected Activity
Handling parts $425,000 25,000 parts in stock
Inspecting product $390,000 940 batches
Processing purchase orders $220,000 440 orders
Designing packaging $230,000 5 models
1. Compute a plantwide overhead rate assuming the company assigns overhead based on 70,000 budgeted direct labor hours.
B. Compute separate rates for each of the four activities using the activity-based costing.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Activity Expected Costs Expected Activity
Handling parts $425,000 25,000 parts in stock
Inspecting product $390,000 940 batches
Processing purchase orders $220,000 440 orders
Designing packaging $230,000 5 models
Total overhead= $1,265,000
First, we need to calculate a plantwide predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,265,000/70,000
Predetermined manufacturing overhead rate= $18.07 per direct labor hour
Now, we can determine the overhead rate for each activity:
Handling parts= 425,000/25,000= $17 per part
Inspecting product= 390,000/940= $414.89 per batch
Processing purchase orders= 220,000/440= $500 per order
Designing packaging= 230,000/5= $46,000 per model
Laurasia has identified the following goods as its market basket. Here are the prices of those goods over three years.
Compute the cost of that market basket in all three years.
Answer:
2015 = $942016 = $128.502017 = $115Explanation:
A Market Basket is used to calculate inflation overtime by tracking the change in prices of a specific and permanent number of goods and services.
The formula for calculating the market basket is;
Cost of Market Basket[tex]_{year}[/tex] = ∑(Price of good * Basket Quantity of good)
2015
Cost of Market Basket = (25 * 0.4) + (2 * 18) + ( 4 * 12)
Cost of Market Basket = 10 + 36 + 48
Cost of Market Basket = $94
2016
Cost of Market Basket = (25 * 0.5) + (2 * 22) + ( 4 * 18)
Cost of Market Basket = 12.5 + 44 + 72
Cost of Market Basket = $128.50
2017
Cost of Market Basket = (25 * 0.6) + (2 * 20) + ( 4 * 15)
Cost of Market Basket = 15 + 40 + 60
Cost of Market Basket = $115
The cost of that market basket in all three years. is :
In 2015 = $94 In 2016 = $128.50 In 2017 = $115"Market Basket"A selected gather of buyer merchandise and administrations whose costs are followed for calculating a customer cost file and measuring the taken a toll of living.
2015
Cost of Market Basket = ∑(Price of good * Basket Quantity of good)
Oranges Baseball caps Wrenches
Cost of Market Basket = (25 * 0.4) + (2 * 18) + ( 4 * 12)
Cost of Market Basket = 10 + 36 + 48
Cost of Market Basket = $94
2016
Cost of Market Basket =∑(Price of good * Basket Quantity of good)
Oranges Baseball caps Wrenches
Cost of Market Basket = (25 * 0.5) + (2 * 22) + ( 4 * 18)
Cost of Market Basket = 12.5 + 44 + 72
Cost of Market Basket = $128.50
2017
Cost of Market Basket = ∑(Price of good * Basket Quantity of good)
Oranges Baseball caps Wrenches
Cost of Market Basket = (25 * 0.6) + (2 * 20) + ( 4 * 15)
Cost of Market Basket = 15 + 40 + 60
Cost of Market Basket = $115
Learn more about "Market Basket" :
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XYZ Corporation’s bonds have 14 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $950. What is their yield to maturity? Show your work.
Answer:
The answer is 10.71%
Explanation:
N(Number of periods) = 14 years
I/Y(Yield to maturity) = ?
PV(present value or market price) = $950
PMT( coupon payment) = $100 ( 10 percent x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 14; PV= -950 ; PMT = 100; FV= $1,000; CPT I/Y= 10.71
Therefore, the yield to maturity of the bond is 10.71%
Toby purchased a 20-year par value bond with semiannual coupons at a nominal annual rate of 8% convertible semiannually at a price of 1,722.25. The bond can be called at par value 1,100 on any coupon date starting at the end of year 15. What is the minimum yield that Toby could receive, expressed as a nominal annual rate of interest convertible semiannually?
Answer:
3.22%
Explanation:
Here, we are interested in calculating the minimum yield that Toby could receive.
To calculate this, we use the YTM formula.
Before we apply this formula, we write out the parameters which we were given in the question.
Given that number of years, n = 15*2 = 30, Price, P = 1722.25, Face value, F = 1100, C = 0.08/2*1100 = 44
Using YTM approximation formula,
YTM = [C + (F – P)/n]/ (F + P)/2
YTM = [44 + (1100 – 1722.25)/30]/ (1100+1722.25)/2
YTM = 23.2583/1411.125
YTM = 1.61%
YTM = 1.61% x 2 = 3.22%
Today, a firm has a stock price of $14.26 and an EPS of $1.15. Its close competitor has an EPS of $0.48. What would be the expected price of the competitor's stock if estimated using the method of comparables
Answer:
$5.952
Explanation:
For the computation of expected price of the competitor's stock first we need to find out the P/E ratio of a firm which is shown below:-
P/E ratio of a firm = Stock price ÷ Earning per share
= $14.26 ÷ $1.15
= $12.4
Price of competitor's stock = P/E ratio of a firm × Earning per share
= $12.4 × $0.48
= $5.952
Therefore for computing the expected price of the competitor's stock we simply applied the above formula.
Development normally stops at about age:
A. 40
B. 25.
C. Development never stops.
D. 5.
Answer:
B. 25.
Explanation:
Normally the life of a human breaks into various stages like infancy, childhood, adolescence, old age ,and adulthood which depends upon the level of age.
Like we can say that in the age of 18 the person is an adult but at the age of 25 he has reached to the level of maturity in term of mental, physical, strength, emotional, etc
And at this level, the development normally stops i.e brain not with the person body
Hence, option b is correct
Answer:
development never stops
Explanation:
our bodies are always changing and always growing to be something different. This includes every 7 years our cells are completely changed so we are practically all new people. option c is also the right answer on apex.
"Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $10, direct labor $4, variable manufacturing overhead $3, fixed manufacturing overhead $10, variable selling and administrative expenses $1, and fixed selling and administrative expenses $8. Using a 25% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.)"
Answer:
The target selling price =$45
Explanation:
The target selling price is the sum of the total unit cost plus 25% of the the unit cost
The target selling price = Total per unit cost + (25% × total unit cost)
The total unit cost is the sum of all the costs involved making the product available to the consumer.
The sum of direct material cost , labour cost variable manufacturing, fixed manufacturing overhead, variable selling and administrative expenses and fixed selling and administrative expenses.
Total unit cost = 10 + 4 + 3 + 10 + 1 + 8 = 36
The target selling price = 36 + (25% × 36) = $45
The target selling price =$45
If the economy booms, RTF, Inc., stock is expected to return 13 percent. If the economy goes into a recessionary period, then RTF is expected to only return 5 percent. The probability of a boom is 83 percent while the probability of a recession is 17 percent. What is the variance of the returns on RTF, Inc., stock
Answer: 0.000903
Explanation:
Expected return is the sum of the probability that the other returns will happen.
= (13% * 83%) + (5% * 17%)
= 10.79 % + 0.85%
= 11.64%
Variance = ((Return during boom - Expected return)²*probability of boom) + ((Return during recession - Expected Return)²*probability of recession)
Variance = ((13% -11.64%)² * 83%) + (5% - 11.64%)² * 17%)
= 0.0001535168 + 0.0007495232
= 0.000903