Answer:
date of purchase units cost per unit total cost
beginning inv. 6,000 $6 $36,000
January 10 5,000 $7 $35,000
January 18 6,000 $8 $48,000
total 17,000 $7 $119,000
date of sale units
January 5 3,000
January 12 2,000
January 24 4,000
ending inventory = 8,000 units
1. FIFO, periodic system.
ending inventory = (6,000 x $8) + (2,000 x $7) = $62,000
2. LIFO, periodic system.
ending inventory = (6,000 x $6) + (2,000 x $7) = $50,000
3. LIFO, perpetual system.
COGS = (3,000 x $6) + ((2,000 x $7) + (4,000 x $8) = $64,000
ending inventory = $119,000 - $64,000 = $55,000
4. Average cost, periodic system.
ending inventory = 8,000 x $7 = $56,000
5. Average cost, perpetual system.
COGS = (3,000 x $6) + ((2,000 x $6.625) + (4,000 x $7.3125) = $60,500
ending inventory = $119,000 - $60,500 = $58,500
A five-year bond has a par value of 1000, a coupon of 3%, and a required yield of 5%. What should be the market price of this bond?
Answer:
The market price of the bond is $913.41
Explanation:
The coupon payment is annual, meaning it is being paid once a year.
N(Number of years/Number of periods) = 5
I/Y(Yield-To-Maturity) = 5 percent
PMT(coupon payment) = $30 [(3/100) x $1,000]
FV(Future value/Par value) =$1,000
PV(present value or market value) = ?
Now to solve this, lets use a financial calculator (e.g Texas BA II plus)
N= 5; I/Y = 5%; PMT = $30; FV = $1,000; CPT PV = -$913.41
Therefore, the market price of the bond is $913.41
Last year, Big W Company reported earnings per share of $2.70 when its stock was selling for $40.50. If its earnings this year increase by 10% and the P/E ratio remains constant, what will be the price of its stock?
Answer: $44.55
Explanation:
P/E ratio last year = Market price / Earnings per share
= 40.50/2.70
= 15
PE ratio remains constant.
Earnings increase by 10% = 2.70 * 1.10 = $2.97
15 = Market Price / 2.97
Market Price = 15 * 2.97
= $44.55
An early 1970s government study ("Work in America") identified three chief sources of worker dissatisfaction. Which of the following is one of those sources?
Answer:
"The rigidity of rules and regulations " is the appropriate response.
Explanation:
Rigidity seems to be a distinguishing characteristic of the disposition among people with autism or disabilities. The same kind of perspective also requires an individual to implement strict guidelines to circumstances that require uncertainty as well as consistency.That being said, regulations, as well as standards, seldom operate stringently, with little difference throughout circumstances and conditions.
A stock just paid an annual dividend of $1.8. The dividend is expected to grow by 8% per year for the next 3 years. The growth rate of dividends will then fall steadily (linearly) from 8% after 3 years to 5% in year 6. The required rate of return is 12%.
1. What is the current stock price if the dividend growth rate will stay 0.05 (5%) forever after 6 years?
2. In 6 years, the P/E ratio is expected to be 23 and the payout ratio to be 80%. What is the current stock price when using the P/E ratio?
Answer:
1.
The current stock price is $28.71
2.
The current stock price is $149.15
Explanation:
1.
We need to calculate the present value of the dividends with each growth
First calculate the dividend each year
Year _________________________ Dividend
1 _____( $1.8 x ( 1 + 8% )^1__________ $1.9440
2_____( $1.8 x ( 1 + 8% )^2__________ $1.1664
3_____( $1.8 x ( 1 + 8% )^3__________ $2.2675
4_____( $2.2675 x ( 1 + 7% )________ $2.4262
5_____( $2.4262 x ( 1 + 6% )________ $2.5718
6_____( $2.5718 x ( 1 + 5% )_________ $2.7004
Calculate the present value of each years dividend
Year _________________________ present value
1 _____( $1.9440 / ( 1 + 12% )^1 __________ $2.1773
2_____$1.1664 / ( 1 + 12% )^2___________ $0.9298
3_____$2.2675 / ( 1 + 12% )^3___________$0.7118
4_____$2.4262 / ( 1 + 12% )^4___________$1.5419
5_____$2.5718 / ( 1 + 12% )^5___________ $1.4593
6_____$2.7004 / ( 12% - 5% ) / ( 1 + 12% )^5_$21.8897
Total _____________________________ $28.7098
Hence priec of the stock is $28.71
2.
First calculate dividend of Year 6
Dividend = EPS x Payout ratio = 23 x 80% = $18.40
Present value = $18.4 / ( 12% - 5% ) / ( 1 + 12% )^5 = $149.15
Which of the following post-secondary education options operates as an educational nonprofit organization who receives funding through tuition, donations and endowments? Private universities Vocational and trade schools Community colleges Public universities
Answer:
Private universities
Explanation:
Private universities is the post-secondary education options which operates as an educational nonprofit organization who receives funding through tuition, donations and endowments. The Public Universities are mainly funded by state government, Vocational/Trade Schools are schools which focus on specific topics or careers and Community College are schools which issue 2 years degree which options to transfer to Public or private university.
Private universities mainly operate as a non-profit organisation but one who revenues for operation majorly from tuition fee.
Which of the following is not a level of control
Answer:
ere are the option???
Explanation:
________ seem as a group to be mildly regressive, and ________ seem as a group to be mildly progressive.
A) Federal taxes; state and local taxes.B) Federal and state taxes; local taxes.C) Local taxes; federal and state taxes.D) State and local taxes; federal taxes.
Answer: D) State and local taxes; federal taxes.
Explanation:
States and local taxes are seen to be mildly regressive because low income earners typically pay a higher proportion of their income when compared to the high earners.
For the federal taxes, they are seen to be mostly progressive because the higher earners pay a larger part of their income when compared to the lower earners.
Only consumers benefit from government enforcement of contracts
Answer:
not true many people benfit most of all us!
Explanation:
PLEASE HELP ME IM STUCK ON THIS
Which type of pricing strategy has gained popularity due to the increased use of the Internet?
OA going-rate pricing
O B.
OC. value pricing
OD. perceived-value pricing
auction-type pricing
Answer:
B. Auction-Type Pricing
Explanation:
Auction-type pricing: With Internet commerce increasing in volume, the auction-type pricing strategy is growing popular in the online marketplace.
Answer:
Auction-type pricing
Explanation:
Question 10 of 10
Harland just got his second major credit card, so his credit score rose from
671 to 711. According to the following table for a $150,000 mortgage, how
much less per year would Harland have to pay on a $150,000 mortgage with
the new credit score?
FICO
score
720-850
Interest
rate
5.59%
Monthly
payment
$860
700-719
5.71%
$872
$924
675-699
6.25%
7.40%
620-674
560-619
500-559
8.53%
$1039
$1157
$1238
9.29%
Answer: 2004
Explanation:
If an economy experiences deflation, then the overall price level is increasing. the aggregate price level is declining. the aggregate price level is rising, but not as quickly as it did in the previous year. the prices of all goods in the economy are decreasing. the prices of consumer goods are decreasing while the prices of raw materials are increasing.
Answer:
If an economy experiences deflation, then
the prices of all goods in the economy are decreasing.
Explanation:
Generally, deflation is an economic condition whereby there is a decrease in the general price level of goods and services. As the opposite of inflation, deflation occurs when the inflation rate falls below 0%. During deflation, consumers spend less money on goods and services because of the decreasing demand. This demand drop with increasing supply leads to a general decline in prices, with organizations trying to sell off their inventory.
Answer:
C. An aggregate price level is declining.
Explanation:
literally doing this same assignment right now in ECON2301, C was the right answer on mine
Daniel acquires a 30% interest in the PPZ Partnership from Paolo, an existing partner, for $43,500 of cash. The PPZ Partnership has borrowed $14,500 of recourse liabilities as of the date Daniel bought the interest. What is Daniel's basis in his partnership interest?
a. $47,200.
b. $14,000.
c. $57,000.
d. $52.800.
Answer:
the daniel basis in his partnership interest is $47,850
Explanation:
The computation of the daniel basis in his partnership interest is shown below:
= Cash + Borrowed amount × interest acquiring percentage
= $43,500 + $14,500 × 30%
= $43,500 + $4,350
= $47,850
This is the answer but the same is not provided in the given options
Hence, the daniel basis in his partnership interest is $47,850
We simply applied the above formula so that the correct value could come
And, the same is to be considered
In U.S. price support programs, the "loan rate" is:______.
a. determined by Federal Reserve policy.
b. the interest rate a farmer must pay if he borrows from the government with his crop as collateral.
c. the difference between the market price and the target price.
d. the proportion of the farmer's crop he can loan to the government.
e. the effective price (i.e. price floor) for the commodity to ensure loan repayment.
Answer: E. the effective price (i.e. price floor) for the commodity to ensure loan repayment
Explanation:
The Price Support Programm is a policy by the government that is used in order to help farmers when there's a reduction in prices of agricultural products by giving out insurance to the farmers.
In U.S. price support programs, the "loan rate" is simply the effective price (i.e. price floor) for the commodity to ensure loan repayment.
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,600 account of a customer, C. Green. On March 9, it receives a $1,100 payment from Green.
1. Prepare the journal entry or entries for January 31
2. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.
Answer: Please see explanation for answers
Explanation:
1. Journal entry to record bad debt on January 31st
Date Account Titles and Explanation Debit Credit
Jan. 31st Allowance for doubtful account $1,600
Account receivables ( Customer C. Green) $1.600
2. Journal entry to record recovery of bad debt on March 9
A) To reinstate Amount previously written off
Date Account Titles and Explanation Debit Credit
March 9 Account receivables ( Customer C. Green) $1,100
Allowance for doubtful account $1,100
B) To record payment of account
Date Account Titles and Explanation Debit Credit
March 9 Cash $1,100
Account receivables( Customer C. Green) $1,100
The government decides to reduce income taxes due to a recession in the economy over the past nine months. The reduction in income taxes will effectively boost spending in the economy if:__________.
A) Ricardian equivalence does not hold-people choose to save the majority of the extra income they now take home.
B) Ricardian equivalence does not hold-people choose to spend the majority of the extra income they now take home.
C) Ricardian equivalence holds--people choose to spend the majority of the extra income they now take home.
D) Ricardian equivalence holds-people choose to save the majority of the extra income they now take home.
Answer:
B) Ricardian equivalence does not hold-people choose to spend the majority of the extra income they now take home.
Explanation:
According to the Ricardian equivalence, in this the consumer wants to enjoy the similar wealth all over the life due to which the deduction of the tax would not likely to rise the consumption of the consumers. They spent the similar amount. Also the consumer try to expect the loss arise in the future because of the tax rise and at the same time the government can increased the tax so that the loss i.e. spent would be balanced.
Now in the given situation if Ricardian equivalence grasp the income deduction so the consumption would not rise due to which the company can be within the recession
hence, the correct option is B.
Suppose that the Federal Reserve sells Treasury bills. We can expect this transaction to _____ the money supply, _____ Treasury bill prices, and _____ interest rates.
Answer:
increase; raise; lower
Explanation:
In the case when the treasury bills purchased that represents there is an money injection in the economy this results in rise in the money supply due to which the rate of interest would reduced. Also if the purchase of the treasury bills would rise this represents that the treasury demand would rise that results rise in the Treasury bills price
so the above is the answer
What is equilibrium in econ
Answer:
when supply meets demand
Explanation:
Answer:
Equilibrium in Economics means the supply of a good is equal to the demand of a good.
Explanation:
Click this link to view O*NET’s Education section for Municipal Clerks. According to O*NET, what are the top two most common levels of education required for Municipal Clerks?
high school diploma or its equivalent
some college, no degree
associate degree
bachelor’s degree
master’s degree
Answer:
Explanation:
aa
Answer: A and D
Explanation:
i tried the answers on these comments and they were wrong.
Fuschia Company's contribution margin per unit is $11. Total fixed costs are $77,770. What is Fuschia's break-even point in units
Answer:
Fuschia's break-even point in units is 7,070 units.
Explanation:
In accounting, the breakeven point in units refers to the units of production where total revenues for a product equal its total cost. This can be calculated for using the following formula:
Break even point in units = Total fixed cost / Contribution margin per unit ............. (1)
.Where, for Fuschia Company;
Total fixed costs = $77,770
contribution margin per unit = $11
Substituting the values into equation (1), we have:
Break even point in units = $77,770 / $11 = 7,070 units
Therefore, Fuschia's break-even point in units is 7,070 units.
How much interest does a $407 investment earn at 6% over seven years?
Answer:
$170.94
Explanation:
interest is calculate using the formula
I= p x r x t
where p = principle amount: $407
r = interest rate: 6% or 0.06
t= time: 7 year
I= $407 x 0.06 x 7
I= $24.42 x 7
I= $170.94
Your campus computer store reported Sales Revenue of $175,000. The company's gross profit percentage was 65 percent. What amount of Cost of Goods Sold did the company report?
Answer:
The company reported $61,250 amount of Cost of Goods Sold
Explanation:
As gross profit percentage is the net percentage of sales revenue and cost of goods sold. We can find the cost of goods sold percentage as follow
Gross profit = Sales - Cost of Goods Sold
Placing the percentage
65% = 100 % - Cost of Goods sold
Cost of Goods sold = 100% - 65%
Cost of Goods sold = 35%
Now calculate the value of cost of goods sold using following formula
Cost of goods sold percentage = Cost of good sold / Sales Revenue
35% = Cost of Goods sold / $175,000
Cost of Goods sold = $175,000 x 35%
Cost of Goods sold = $61,250
The revenue cycle is a major cycle for most companies. Accounts receivable, revenue, and other accounts are tested through this cycle. Often there are misstatements found, including errors and/or fraud by the client.
CONCEPT REVIEW: It is important in testing any cycle, especially revenue, to realize that misstatements will occur and to try to distinguish between errors and fraud
1. Many instances of misstatement are based on the inappropriate recognition of_______
2. One way to avoid misstatement of revenue is to ensure the client has proper______
3. Revenues are deemed to be earned when the company has______ what it must do to fulfill its obligation
4. Side______ can substantially alter the terms of a sale.
5. _______ needs to be assured in order to recognize revenue.
Answer and Explanation:
1. The misstatement would depend on when there is inappropriate revenue recorded
2. For avoiding the revenue misstatement, the client should have to cut off the policies
3. The revenues are earned at the time when the company achieved or accomplished for fulfiling its obligation
4. The side agreements could modify the terms of sales
5. For recording the revenue, the collectibility needs to be confirmed
1. Park Co. is considering an investment that requires immediate payment of $31,500 and provides expected cash inflows of $12,000 annually for four years. What is the investment's payback period?
2. Park Co. is considering an investment that requires immediate payment of $21,530 and provides expected cash inflows of $6,500 annually for four years. If Park Co. requires a 7% return on its investments. What is the internal rate of return?
3. Peng Company is considering an investment expected to generate an average net income after taxes of $3,400 for three years. The investment costs $50,400 and has an estimated $10,200 salvage value. Assume Peng requires a 10% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation.
Answer:
1. Park Co. is considering an investment that requires immediate payment of $31,500 and provides expected cash inflows of $12,000 annually for four years. What is the investment's payback period?
payback period = $31,500 / $12,000 = 2.625 years
2. Park Co. is considering an investment that requires immediate payment of $21,530 and provides expected cash inflows of $6,500 annually for four years. If Park Co. requires a 7% return on its investments. What is the internal rate of return?
using a financial calculator, the IRR = 8%
the IRR is the discount rate that makes a project's NPV = 0
3. Peng Company is considering an investment expected to generate an average net income after taxes of $3,400 for three years. The investment costs $50,400 and has an estimated $10,200 salvage value. Assume Peng requires a 10% return on its investments. Compute the net present value of this investment. Assume the company uses straight-line depreciation.
depreciation per year = ($50,400 - $10,200) / 3 = $13,400
net cash flows:
year 0 = -$50,400cash flow year 1 = $3,400 + $13,400 = $16,800cash flow year 2 = $3,400 + $13,400 = $16,800cash flow year 3 = $3,400 + $13,400 + $10,200 = $27,000NPV = -$50,400 + $16,800/1.1 + $16,800/1.1² + $27,000/1.1³ = -$50,400 + $49,442.52 = -$957.48
Who are the most aggressive of the types we looked at?
dishwashers. How many of each type should Sparkle Clean produce to fulfill the order AND minimize their production cost
Answer:
hello your question is incomplete attached below is the complete question
Answer :
112 units of standard dishwashers and
178 units of deluxe dishwashers
Explanation:
from the calculations we can see that
D(x,y) > 0 and Vxx > 0
The cost will be minimized during production when 112 units of standard dishwashers and 178 units of deluxe dishwashers are produced by sparkle clean
attached below is a detailed solution
As a discipline, Governance is most closely related to:
Answer:
control
Explanation:
governance is the action or manner of governing.
The argument that industries should be temporarily protected by tariffs or quotas to allow firms to develop a competitive product is called the:_________
a) antidumping argument.
b) competitive relief argument.
c) countervailing duty argument.
d) infant industry argument.
Answer: infant industry argument
Explanation:
The infant industry argument simply means that the new industries in a particular economy should be protected at all cost from the multinationals or already developed foreign firms so that they themselves can grow and that the foreign firms will not hinder their progress and growth.
This usually applies to small and newly established firms. One of the main reason for taxation is to help protect such industries from competition thqt can hinder them.
An investor purchases a long call at a price of $3.05. The strike price at expiration is $46. If the current stock price is $46.10, what is the break-even point for the investor?
a. $32.50
b. $35.00
c. $37.50
d. $37.60
Answer: $49.05
Explanation:
The call was purchased at $3.05 and the strike price at expiration is $46. The total expenses at expiration is:
= 46 + 3.05
= $49.05
To make a profit, the stock price will have to be above $49.05 which makes it the breakeven point.
Option not included.
In what ways are retail banks, credit unions, and online banks different?
Answer:
The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. On the contrary, banks generally have lower interest rates and higher fees
The credit unions have lower fees and better interests in the saving accounts. Credit unions are a type of institution controlled by members and operated on a nonprofit basis.
Online banks are those that have internet-based services such as e-loans, and all electronic transactions. It also includes net banking and does it yourself system. Retail banking is a provision of services by the banks to the general public. They are often called as whole ale banking. While a bank can have diverse offering a credit union is limited. Banks provide a higher fee for interest and loans, while credit union is lower fees and interest rates.Learn more about the ways are retail banks, credit unions, and online banks different.
brainly.com/question/12980617.