Answer:
the number of common stock outstanding is 17,450 shares
Explanation:
The computation of the number of common stock outstanding is as follows
= Common stock - treasury stock
= ($175,000 ÷ $10) - ($750 ÷ $15)
= 17,500 shares - 50 shares
= 17,450 shares
Hence, the number of common stock outstanding is 17,450 shares
We simply applied the above formula so that the correct value could come
And, the same is to be considered
HELP!
Henry's taxable income is $44,200. Find his state income tax if he pays $2,800 plus 7% of his taxable
income over $40,000
Answer:
$5,894
Explanation:
If Henry's taxable income is above $40,000, he pays 7% of the taxable income plus $2800
Henry's income =$44,200
taxable income will be 7% of $44,200 + $2800
=(7/100 x $44,200) + $2800
=0.07 x $44,200 + $2800
=$3,094 + $2800
=$5,894
The Tax Cuts and Jobs Act suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law. For which of the following itemized deductions does California tax law conform to the new Federal tax provisions for tax year 2019?A. Tax preparation expensesB. Unreimbursed business expensesC. Investment expensesD. Medical expenses
Answer:
D. Medical expenses
Explanation:
The California tax law follows the new federal tax provision for the year 2018 for medical expenses. Only part of the medical expenses can be deducted which is allowed as per federal tax law, that is, 7.5% of the adjusted gross income.
Blossom Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories: Product Cost Market A $135000 $142000 B 94000 90000 C 189000 191000 After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be
Answer: 414,000
Explanation:
After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be calculated as the addition of the lower between the market and.cost for each product. This will be:
Product A: Lower of 135000 or 142000 = 135,000
Product B: Lower of 94000 or 90000 = 90,000
Product C: Lower of 189000 or 191000 = 189,000
Value of inventory will then be:
= 135,000 + 90,000 + 189,000
= 414,000
=
Which factor is least important when choosing a financial service provider?
Α. fee structure
B. licenses
C. experience
D. website
customer retention numbers
Answer:
d
Explanation:
got it right on edmentum
Your division is considering two projects with the following cash flows (in millions): 0 1 2 3 Project A -$31 $7 $12 $22 Project B -$19 $13 $6 $5 What are the projects' NPVs assuming the WACC is 5%
Answer:
Project A's NPV = $5.56
Project B's NPV = $3.14
Explanation:
year project A project B
0 -$31 -$19
1 $7 $13
2 $12 $6
3 $22 $5
Project A's NPV = -$31 + $7/1.05 + $12/1.05² + $22/1.05³ = -$31 + $36.56 = $5.56
Project B's NPV = -$19 + $13/1.05 + $6/1.05² + $5/1.05³ = -$19 + $22.14 = $3.14
After-tax net income divided by the average amount invested in a project, is the: ___________
a. Net present value rate.
b. Payback rate.
c. Accounting rate of return.
d. Earnings from investment.
e. Profit rate.
Answer:
c. Accounting rate of return.
Explanation:
The Accounting rate of return is calculated by dividing the after tax net income by average investment (i.e. Accounting rate of return = After tax net income / Average investment )
At December 31, Gill Co. reported accounts receivable of $243,000 and an allowance for uncollectible accounts of $1,100 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: _________
a. $8,620.
b. $9,720.
c. $10,820.
d. $1,100.
Answer:
c. $10,820.
Explanation:
The computation of the amount of the adjustment for uncollectible accounts is shown below
= Account receivable reported × given percentage + debit balance of allowance for uncollectible accounts
= $243,000 × 4% + $1,100
= $9,720 + $1,100
= $10,820
hence, the amount of the adjustment for uncollectible accounts is $10,820
Therefore the correct option is c
What is the price of a three-year coupon bond with a coupon rate of 1%, face value equal to $100, and a current interest rate of 0.75%? Do not include any symbols in your answer.
Answer: 100.74
Explanation:
Face value= $100
Coupon payment = $100 × 1% = $100 × 1/100 = $100 × 0.1 = $1
Interest rate = 0.75% = 0.75/100 = 0.0075
The price of the bond will be:
= 1/(1 + 0.0075) + 1/(1 + 0.0075)^2 + 1/(1 + 0.0075)^3
= 100.74
Social responsibility is know as ______.
A. profit and planet
B. people and community
C. none of the options are correct
D.people and profit
Answer:
B. people and community
Explanation:
Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.
The term that can be used to describe Social responsibility isB:people and community
Social responsibility can be regarded as ethical framework as well as suggests, which explains that there are different obligation for individual so they can work and cooperate with other.It involves different individuals and the community as a whole and all organizations.Therefore, option B is correct.
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Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory is 138 units. Compute Champ’s budgeted production (in units) for May.
Answer:
230
Explanation:
Calculation for Champ’s budgeted production (in units) for May
CHAMP INC.
Production Budget For month ended May 31
Sales during the month 230
Less: Opening Stock (138)
(60%*230)
Sales units required to produce in May 92
(230-128)
Sales during June 230
Add: Closing stock of May 138
(230*60%)
Budgeted production (in units) for May: 230 (138+92)
Therefore Champ’s budgeted production (in units) for May will be 230
Technical analysis of the stock market focuses on which of the following?
A. The revenue of a corporation
B. Calculating opportunity costs
O C. Overall trends in the market
D. The ratio of costs to benefits
Easy Car Corp. is a grocery store located in the Southwest. It expects to pay an annual dividend of $6.30 next year to its shareholders and plans to increase the dividend annually at the rate of 5.0 % forever. It currently has 600,000 common shares outstanding. The shares currently sell for $60 each. Easy Car Corp. also has 20,000 semiannual bonds outstanding with a coupon rate of 8.9141 %, a maturity of 26 years, and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 10%. The corporate tax rate is 20 %?
Answer:
Missing question "1. What is the cost of debt for Easy Corp? 2. How many interest payments are left for the bond of Easy Corp? 3. What is the interest payment per period for the bond? 4. What is the discount rate per period to use in pricing the bonds? 5. What is the market value of equity for Easy? 6. What is the cost of equity for Easy?"
1. Cost of debt is equal to YTM, which is equal to 10%
Cost of debt = YTM = 10%
2. Number of interest payment to be made is equal to 26 * 2 = 52
This is because payment is made semi annually
3. Interest payment per period = 8.9141% / 2 * $1,000
Interest payment per period = 4.45705% * $1,000
Interest payment per period = $44.57
4. As the period is semiannual, discount rate per period is equal to 10% / 2 = 5%
5. Market value of equity = 600,000*60 = $36,000,000
6. Cost of equity = Dividend price + Growth rate
Cost of equity = 6.3/60 + 0.05
Cost of equity = 0.105 + 0.05
Cost of equity = 0.155
Cost of equity = 15.5%
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Overhead allocated to Job XZ3275 $330.39
Explanation:
The computation of the overhead allocation is as follows;
But before that overhead rates is as follows
Activity rate = Estimated overhead cost ÷ Expected cost driver
Activity Cost pool Activity based overhead rate
Loading and unloading $1.02 per piece
($91,000 ÷ 89,500)
Travel $0.79 per mile
($457,000÷ 579,000 miles)
Logistics $26.69 per hour
($75,000 ÷ 2810 hours)
Now the overhead allocation is
Loading and unloading (150 pieces × $1.02 per piece) $152.51
Travel (200 miles × $0.79 per mile) $157.86
Logistics (0.75 hours × $26.69 per hour) $20.02
Overhead allocated to Job XZ3275 $330.39
expalin how foreign employment contributes to spurring nation economy
1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. 2) People who go overseas to work can learn different skills and technologies which can be beneficial for the development of our own country.
A client comes to see you for retirement planning. They plan to retire in 4 months on their 66th birthday. They are planning on living until age 91 (they added a few years to their estimate of reality to stay conservative). They are investing in such a way that should generate average annual returns of 6.5%. If they have $575,000 in retirement assets, then how much annual income could they expect
Answer:
The annual income that the client could withdraw is:
$44,262.30.
Explanation:
PV of retirement assets = $575,000
Interest rate on the assets = 6.5%
Number of retirement years = 25 (91 - 66)
Using an online finance calculator,
They can expect to retrieve $44,262.30 at the beginning of each period to reach the future value of $0.00.
FV (Future Value) $0.00
PV (Present Value) $575,000.00
N (Number of Periods) 25.000
I/Y (Interest Rate) 6.500%
PMT (Periodic Payment) $-44,262.30
Starting Investment $575,000.00
Total Principal $-531,557.55
Total Interest $531,557.55
Suppose a firm that produces for this market employs a private security force that makes town residents, many of whom have no business with the company, feel safer. This scenario is characterized bymarket power , which is an example of
Answer:
Externality, market failure
Explanation:
Note: The full question is attach as picture below
This scenario is characterized by externality which is an example of market failure.
At the intersection of demand and supply curves, value to consumers is equal to cost to sellers. When people who are not involved in the business, feel safer, there exists positive externality which results in market failure and the need for government intervention arises.
Carolina Mills purchased $270,000 in supplies this year. The supplies account had an opening balance of $56,000 and an ending balance of $66,000. What was supplies expense for Carolina Mills during the year
Answer:
the supplies expense is $260,000
Explanation:
The computation of the supplies expense is shown below
Supply expense is
= Opening balance + Purchase - Closing balance
= $56,000 + $270,000 - $66,000
= $260,000
hence, the supplies expense is $260,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your real wage in 2014 ____.a) increasedb) decreasedc) stayed the samed) it cannot be determined with the given information.
Answer: a. increased
Explanation:
Inflation rate = (CPI of second year - CPI of the first year ) / CPI of the first year
= (240 - 238) / 238
= 0.84%
Your wage increased by 3.5% which is more than inflation so your real wage increased by;
= 3.5 - 0.84
= 2.66%
what did you learn from the moduleon work habits and conduct?
Answer:
how to communicate and the speaking with the co-workers is the answer
Explanation:
From the work habits and conduct of the moduleon it would be learned how to communicate and the speaking with the co-workers
Therefore as per the given situation, the above represent the answer and the same is considered and relevant
So how to communicate and the speaking with the co-workers is the answer
Anton, Inc., just paid a dividend of $2.90 per share on its stock. The dividends are expected to grow at a constant rate of 4.75 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock.Requirement 1:What is the current price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)Requirement 2:What will the price be in six years and in thirteen years? (Do not round intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16).)
Answer:
1. Using the Gordon Growth model;
Price = Next dividend / (required return - growth rate)
= (Current dividend * (1 + Growth rate)) / (required return - growth rate)
= (2.90 * (1 + 4.75%)) / (9% - 4.75%)
= 3.03775/ 4.25%
= $71.48
2. Six years;
The stock will grow at a rate of 4.75% every year.
= 71.48 * (1 + growth rate)⁶
= 71.48 * 1.0475⁶
= $94.43
13 years;
= 71.48 * 1.0475¹³
= $130.67
If the sellers bid against each other for the right to sell the good to a consumer, then the producer surplus will be $0 or slightly more. $50 or slightly less. $150 or slightly less. $200 or slightly more.
Answer:
$50 or slightly less
Explanation:
If we assume that there is four persons namely E, S, A and K
The producer surplus is the surplus that shows the difference between the seller value and the seller cost
In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less
Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value
Therefore the option B is correct
If people bought the same market basket of goods as the average consumer again and again the:______.
a) consumer price index (CPI) would be extremely accurate.b) consumer price index (CPI) would be less accurate.c) gross domestic product (GDP) deflator would be more accurate.d) gross domestic product (GDP) deflator would be less accurate.e) consumer price index (CPI) would be biased upward relative to the GDP deflator.
Answer:
If people bought the same market basket of goods as the average consumer again and again the: a) consumer price index (CPI) would be extremely accurate.
Sunland Inc. issues $250,000, 10-year, 9% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1, 2020.
Answer:
Dr Cash 242,500
Dr Discount on Bond 7500
Cr Bonds Payable 250,000
Explanation:
Preparation of the journal entry to record the sale of these bonds on March 1, 2020.
Based on the information given we were told that the company issues the amount of $250,000 that include 10-year, 9% bonds at 97 which means that the journal entry to record the sale of these bonds on March 1, 2020 will be
March 1
Dr Cash 242,500
(250,000*.97)
Dr Discount on Bond 7,500
(250,000-542,500)
Cr Bonds Payable 250,000
If a credit card balance is paid in full within the grace period then the customer will receive __________. A. lower interest rates B. unlimited credit C. no finance charges D. higher interest rates
Answer:
The answer is A.
Explanation:
Answer: A
Explanation:
Parvis makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $70,000, $60,000, and $50,000, respectively, what was the budgeted receivables balance on December 31
Answer:
Balance as on 31st December = $46,000
Explanation:
Sales October November December Balance
October $70,000 $14,000 $49,000 $7,000 $0
November $60,000 $12,000 $42,000 $6,000
December $50,000 $10,000 $40,000
Balance as on 31st December $46,000
Workings
October: 20% of 70,000 = 14,000, 70% of 70,000 = $49,000, 10% of 70,000 = $7,000
November = 20% of 60,000 = 12,000, 70% of 60,000 = $42,000, Balance = 60,000 - (12,000+42,000) = $6,000
December = 20% of 50,000 = $10,000, Balance = 50,000 - 10,000 = $40,000
During the year, Bright Corporation applied factory overhead costs of $330,000 to production. At the end of the year, total overapplied factory overhead is $13,000. What was the amount of actual factory overhead cost incurred during the year
Answer:
$317,000 = actual overhead
Explanation:
Giving the following information:
Applied overhead= $330,000
Overapplied overhead= $13,000
To calculate the actual overhead, we need to use the following formula:
Under/over applied overhead= real overhead - allocated overhead
-13,000 = real overhead - 330,000
$317,000 = real overhead
Annette is an ordained minister working for Blessed Church. Her earnings for services performed for Blessed Church are generally considered:
Answer:
Tax-exempt income.
Explanation:
Question Completion with Options:
O Wage income.
O Tax-exempt income.
O Self-employment income.
O Unearned income.
Answer:
Annette's earnings for services performed for Blessed Church are generally considered:
O Wage income.
Explanation:
According to the IRS records, since Annette is an ordained minister performing ministerial services either as an employee of Blessed Church or as a self-employed person and owner of Blessed Church, all of her earnings are subject to income tax. Her wages, offerings, and fees that she receives for performing marriages, baptisms, funerals, etc., are counted as part of her wage-income for taxation purposes.
Consider a basket of consumer goods that costs $80 in the United States. The same basket of goods costs GHS 24 in Ghana.Holding constant the cost of the basket in each country, compute the real exchange rates that would result from the two nominal exchange rates in the following table.Cost of Basket in U.S (Dollars) Cost of Basket in China (Yuan) Nominal Exchange Rate (Yuan per dollar) Real Exchange Rate (Baskets of Chinese goods per basket of U.S goods) 90 105 7.00 90 105 10.50
Answer: 6; 9
Explanation:
The real exchange rate would be calculated as:
= (Nominal exchange rate × cost of basket in the United States) / cost of basket in China
a. Real exchange rate = (7.00 × 90) / 105
= 6
b. Real exchange rate = (10.50 × 90) / 105
= 9
how macroeconomists tackle macroeconomic problems?
Answer:
Economics is not an exact science, that means that there is no secret formula that will solve economic issues. Economics is a social science since it deals with individual's actions and these actions cannot be controlled. Economists can assume households and businesses will act a certain way, but they cannot force them to do so or even be sure that the desired effects will happen.
Economists are divided into two main streams or schools:
Neo-neo-classicists that believe that the market will eventually self regulate in the long run. Economic problems must be dealt by managing the money supply. Keynesians that believe that in the short run, the government can actually affect the economy and can change some economic factors. They deal with problems mainly through fiscal policies, i.e. increasing or decreasing government spending.Personally, I believe that classic economic theories are wrong because theories can rarely apply in real world situations. That is why this theory has continuously been losing strength in the past 90 years. Human are not rational and they will not follow instructions, they will do what they believe is the best thing, not what other people tell them to.
You should FOLLOW UP on items that: ______________, _________________, ________________.