Answers
Answer:
$247,000
Explanation:
The computation of the estimated finished goods inventory balance at the end of July is shown below:-
Unit product cost = 5 × 2.4 + 14 × 2 + 6 × 2
= 52
Now,
Ending finished goods inventory balance = Budgeted unit sales × Ending finished goods inventory percentage × Unit product cost
= 19,000 × 25% × 52
= $247,000
Therefore we have applied the above formula
Related Questions
suppose you want to open a shoe company sugges names for this
Answers
Answer:
New Kick
Boundless
Brave Sole
Laced
shoe palace
coolkicks
An investment offers $9,200 per year for 17 years, with the first payment occurring 1 year from now. Assume the required return is 12 percent. Requirement 1: What is the value of the investment today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $ Requirement 2: What would the value be if the payments occurred for 42 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $ Requirement 3: What would the value be if the payments occurred for 77 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $ Requirement 4: What would the value be if the payments occurred forever? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value $
Answers
Answer:
1.
Present value = $65500.60053 rounded off to $65500.60
2.
Present value = $76009.84174 rounded off to $76009.84
3.
Present value = $76654.22671 rounded off to $76654.23
4.
PV of perpetuity = $76666.66667 rounded off to $76666.67
Explanation:
The payments from the investment can be classified as being an ordinary annuity as the payments made by the investment offer are of constant amount and occur at the end of the period, occur after equal intervals of time and are for a defined and finite time period except for the payments made in case of requirement 4. The formula to calculate the present value of annuity that will be used in requirement 1, 2 and 3 is attached.
1.
Present value = 9200 * [(1 - (1 + 0.12)^-17) / 0.12]
Present value = $65500.60053 rounded off to $65500.60
2.
Present value = 9200 * [(1 - (1 + 0.12)^-42) / 0.12]
Present value = $76009.84174 rounded off to $76009.84
3.
Present value = 9200 * [(1 - (1 + 0.12)^-77) / 0.12]
Present value = $76654.22671 rounded off to $76654.23
4.
If the payments occur for an infinite period of time, they can be classified as a perpetuity.
The formula to calculate the present value of perpetuity is as follows,
PV of perpetuity = Cash Flow / r
Where,
r is the required rate of return or discount rate
PV of perpetuity = 9200 / 0.12
PV of perpetuity = $76666.66667 rounded off to $76666.67
Space Fuel Inc. is considering establishing a new propellant depot to provide space vehicles a refueling point in their trek to Mars. If placed in a LaGrange point, the depot could save $50,000K annually. The depot can be constructed for $200,000K today and will be used for a period of 10 years. It has a salvage value of $10,000K at the end of its useful life. The new depot will require an annual maintenance cost of $9,000K. Capital financing is available at 4.78% per semiannual period compounded monthly. Find the present worth.
Answers
Answer:
NPV = $55,894.45
Explanation:
the initial outlay of the project is $200,000
the salvage value is $10,000
useful life 10 years
annual costs $9,000
annual savings $50,000
luckily there are no taxes in space
we must determine the effective interest rate in order to be able to discount the future cash flows
(1 + 0.0478/6)¹² - 1 = 9.99%
the net cash flow per year (for years 1 - 9) = $50,000 - $9,000 = $41,000
net cash flow for year 10 = $41,000 + $10,000 = $51,000
using a financial calculator, the NPV = $55,894.45
Pharrell, Inc., has sales of $589,000, costs of $269,000, depreciation expense of $69,000, interest expense of $36,000, and a tax rate of 35 percent. The firm paid out $38,000 in cash dividends. What is the addition to retained earnings?
Answers
Answer:
$101,750
Explanation:
Pharell incorporation has a sales of $589,000
The cost is $269,000
The depreciation expense is $69,000
The interest expense is $36,000
The tax rate is 35 percent
The cash dividend paid out is $38,000
Therefore the additional retained earnings can be calculated as follows
= $589,000-$269,000-$69,000-$36,000
= $215,000
$215,000 × 35/100
$215,000 × 0.35
= $75,250
$215,000-$75,250-$38,000
= $101,750
Hence the additional retained earnings is $101,750
Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 40 units were purchased at $27 per unit. August 18, 24 units were purchased at $29 per unit. August 29, 42 units were sold. What was the amount of the cost of goods sold for this sale?
Answers
Answer:Cost of goods sold=$1,165.5
Explanation:
Using the weighted-average perpetual inventory system.
August 2 =40 units x $27per unit = $1080
August 18=24units x $29 per unit = $696
Weighted average cost per unit = (1080 + 696)/64 = $27.75per unit
Therefore, Cost of goods sold = $27.75 x 42 = $1,165.5
Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 45 $ 37 $ 1,665 Apr. 7 Purchase 125 39 4,875 Jul. 16 Purchase 195 42 8,190 Oct. 6 Purchase 105 43 4,515 470 $ 19,245
Answers
Answer:
1. Ending inventory = $2,408; Cost of goods sold = $16,837; Sales revenue = $22,770; and Gross profit = $5,933.
2. Ending inventory = $2,094; Cost of goods sold = $17,151; Sales revenue = $22,770; and Gross profit = $5,619.
3. Ending inventory = $2,293; Cost of goods sold = $16,952; Sales revenue = $22,770; and Gross profit = $5,818.
Explanation:
Note: This question is not complete. The complete question is therefore presented before answering the question. See the attached pdf file for the complete question.
Explanation to the answer is now presented as follows:
1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
Note: See part 1 of the attached excel for the calculation of calculation of Cost of goods available for sale, Cost of goods sold, and Ending inventory using FIFO.
First In, First Out (FIFO) refers to an inventory accounting method in which inventory items purchased first are sold first, while the one that are purchased last are sold last.
In the attached excel file, since the inventory purchased on Oct. 6 is purchased last, the number of unit of inventory purchased on Oct. 6 sold is calculated by deducting the sum of the beginning inventory and inventory purchased before Oct. 6 from the total inventory sold as follows:
Number of unit of inventory purchased on Oct. 6 that are sold = Number of units sold - (Beginning inventory + Apr. 7 Purchases + Jul. 16 Purchases) = 414 - (45 + 125 + 195) = 49
Therefore, the number of ending inventory is obtained as follows:
Number of unit of ending inventory = Number of inventory purchased on Oct. 6 - Number of inventory purchased on Oct. 6 sold = 105 – 49 = 56
Sales revenue = Number of unit units of inventory sold for the entire year * Selling price per unit = 414 * $55 = $22,770
From the attached excel file, we have:
Cost of goods sold = $16,837
Ending inventory = $2,408
Therefore, we have:
Gross profit = Sales revenue - Cost of goods sold = $22,770 - $16,837 = $5,933
2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.
Note: See part 2 of the attached excel for the calculation of calculation of Cost of goods available for sale, Cost of goods sold, and Ending inventory using LIFO.
Last In, First Out (LIFO) refers to an inventory accounting method in which inventory items purchased last are sold first, while the one that are purchased first are sold last.
In the attached excel file, the number of unit of inventory purchased on April 7 that are sold and the ones remaining that are NOT sold that forms part of ending inventory are calculated as follows:
Number of unit of inventory purchased on April 7 that are sold = 414 – (195 + 105) = 114
Number of unit of inventory purchased on April 7 that are NOT sold = Number of unit of inventory purchased on April 7 - Number of unit of inventory purchased on April 7 that are sold = 125 – 114 = 11
Sales revenue = Number of unit units of inventory sold for the entire year * Selling price per unit = 414 * $55 = $22,770
From the attached excel file, we have:
Cost of goods sold = $17,151
Ending inventory = $2,094
Therefore, we have:
Gross profit = Sales revenue - Cost of goods sold = $22,770 - $17,151 = $5,619
3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.)
Note: See part 3 of the attached excel for the calculation of calculation of Cost of goods available for sale, Cost of goods sold, and Ending inventory using weighted average cost.
Weighted average cost method refers to a method of costing inventory in which the total cost of the goods available for sale is divided by the total number of units available for sales in order to obtain weighted average cost per unit.
In the attached excel file, weighted average cost per unit is therefore calculated and rounded to 4 decimal places as follows:
Weighted average cost per unit = $19,245 / 470 = $40.9468
Number of unit of ending inventory = Total number of units available for sales – Number of unit sold = 470 – 414 = 56
Sales revenue = Number of unit units of inventory sold for the entire year * Selling price per unit = 414 * $55 = $22,770
From the attached excel file, we have:
Cost of goods sold = $16,952
Ending inventory = $2,293
Therefore, we have:
Gross profit = Sales revenue - Cost of goods sold = $22,770 - $16,952 = $5,818
An investor plans to divide $200,000 between two investments. The first yields a certain profit of 10%, whereas the second yields a profit with expected value 18% and standard deviation 6%. If the investor divides the money equally between these two investments, find the mean and standard deviation of the total profit.
Answers
Answer:
mean = 14%; standard deviation = 3%
Explanation:
We treat the combined investment as a portfolio, with 50% each of the portfolio size invested in each asset.
Asset A: return (r) = 10%; standard deviation (s) = 0
Asset B: return (r) = 18%; standard deviation (s) = 6%
Portfolio mean (R) =
[tex](w_{1}*r_{1})+(w_{2}*r_{2})\\=(0.5*0.1)+(0.5*0.18)\\=0.05+0.09\\=0.14[/tex]
Therefore, portfolio mean = 14%.
Portfolio standard deviation (S) = [tex][(w_{1}^{2}*s_{1}^{2})+(w_{2}^{2}*s_{2}^{2})+(2w_{1} w_{2}COV_{12} )]^{\frac{1}{2}}[/tex]
Since no information was given about portfolio covariance, we will assume it is zero.
[tex]S=[(w_{1}^{2}*s_{1}^{2})+(w_{2}^{2}*s_{2}^{2})]^{\frac{1}{2}}\\=[(0.5^{2} *0^{2} )+(0.5^{2} *0.06^{2} )]\\=0.25*0.0036\\=0.03[/tex]
Therefore, portfolio standard deviation = 3%.
Sampson Industries has an annual plant capacity of 70,000 units; current production is 59,000 units per year. At the current production volume, the variable cost per unit is $26.00 and the fixed cost per unit is $4.80. The normal selling price of Sampson's product is $41.00 per unit. Sampson has been asked by Caldwell Company to fill a special order for 7,000 units of the product at a special sales price of $20.00 per unit. Caldwell is located in a foreign country where Sampson does not currently operate. Caldwell will market the units in its country under its own brand name, so the special order is not expected to have any effect on Sampson's regular sales. Read the requirementsLOADING.... Requirement 1. How would accepting the special order impact Sampson's operating income? Should Sampson accept the special order? Complete the following incremental analysis to determine the impact on Sampson's operating income if it accepts this special order. (Enter a "0" for any zero balances. Use parentheses or a minus sign to indicate a decrease in contribution margin and/or operating income from the special order.) Incremental Analysis of Special Sales Order Decision Total Order (7,000 units) Revenue from special order $140,000 Less expenses associated with the order: Less: Variable manufacturing cost 182,000 Contribution margin $(42,000) Less: Additional fixed expenses associated with the order – Increase (decrease) in operating income from the special order
Answers
Answer:
Sampson Industries
1. How would accepting the special order impact Sampson's operating income?
The acceptance of the special order will decrease Sampson's operating income by $42,000.
2. Should Sampson accept the special order?
No. Sampson should not accept the special order. It does not make any contribution in reducing the fixed costs. Instead, it decreases the net income. Special orders should be accepted when they add to the contribution in defraying the fixed costs, even if they do not add to the net income.
Explanation:
a) Data and Calculations:
Annual plant capacity = 70,000 units
Current production = 59,000
Variable cost per unit = $26.00
Fixed cost per unit = $4.80
Normal Selling price per unit = $41
Special order = 70,000
Price of special order = $20
Incremental Analysis of Special Sales Order Decision
Total Order (7,000 units)
Revenue from special order $140,000
Less expenses associated with the order:
Less: Variable manufacturing cost 182,000
Contribution margin $(42,000)
Less: Additional fixed expenses associated with the order –
Increase (decrease) in operating income from the special order ($42,000)
Lambda Computer Products competed for and won a contract to produce two prototype units of a new type of computer that is based on laser optics rather than on electronic binary bits. The first unit produced by Lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies. The second unit took 4,250 hours and used $237,500 worth of materials, equipment usage, and supplies. Labor is $20 per hour. Use Exhibit 6.5. a. Lambda was asked to present a bid for 10 additional units as soon as the second unit was completed. Production would start immediately. What would this bid be
Answers
Answer:
$2,731,672.50
Explanation:
first unit produced by lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies
the second unit took 4,250 hours and used $238,500 worth of materials, equipment usage, and supplies
learning rate = time needed to produce second unit / time needed to produce first unit = 4,250 hours / 5,000 hours = 85%
materials and equipment usage rate = $237,500 / $250,000 = 95%
using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:
Lambda's accumulated cost for producing 10 more computers
work hours = 4,250 x 7.116 (85% and 10 units) x $20 per hour = $604,860materials and equipment = $238,500 x 8.955 (95% and 10 units) = $2,126,812.50total = $604,860 + $2,126,812.50 = $2,731,672.50Describe three key inputs (or factors of production) and fixed and variable costs involved in the production of your chosen product or service. Analyze the factors that impact your choice of inputs to produce the chosen product or service. Examine the production decisions that you would make based on the analysis of the factors impacting the choice of inputs to produce the chosen product or service.
Answers
Answer:
The product is Organic and Inorganic Ice cream.
It will be sold from a high street location.
The focus is on the wholesale market.
The equipment consists of the following:
One unit of pasteuriser linked One unit of homogeniser One unit of cooler One unit of ageing vat One large batch freezerOne unit each of fruit–feeder and a ripple-pumpOne Blast Freezer and One Cold StoreAnother factor is labour. For a small-sized operation like ours, we don't need more than 3 staff:
Production and Quality Control executiveAccounting and Marketing executive and front desk officerThe size of labour is small because the company is small and is focused on wholesalers, not retailers. It also makes for good business sense to keep to a very lean Human Resource structure. Effectiveness and efficiency will be optimised with the use of technology.
Our choice to go wholesale stems from the fact that there is a huge gap for unbranded icecream. Because it is cheaper, people don't mind forgoing the big brands for an equally good cup or bucket of ice cream.
Cheers
Lusk Corporation produces and sells 15,500 units of Product X each month. The selling price of Product X is $25 per unit, and variable expenses are $19 per unit. A study has been made concerning whether Product X should be discontinued. The study shows that $74,000 of the $105,000 in monthly fixed expenses charged to Product X would not be avoidable even if the product was discontinued. If Product X is discontinued, the monthly financial advantage (disadvantage) for the company of eliminating this product should be: Multiple Choice $43,000 $12,000 ($43,000) ($62,000)
Answers
Answer:
($62,000)
Explanation:
Calculation for the monthly financial advantage (disadvantage) for the company of eliminating this product
Keep Product X Drop Product X Difference
Sales $387,500 $0 $(387,500)
($25 per unit *15,500=$387,500)
Variable expenses $294,500 $0 $294,500
($19 per unit*15,500=$294,500)
Contribution margin $93,000 $0 $(93,000)
Fixed expenses $105,000 $74,000 $31,000
Net operating income (loss)$(12,000)$(74,000)$(62,000)
Therefore the monthly financial advantage (disadvantage) for the company of eliminating this product will be decrease in Net operating amount of ($62,000).
a. How much would you pay for a Treasury bill that matures in 182 days and pays $10,000 if you require a 1.8% discount rate?
b. If the Treasury also received $750 million in non-competitive bids, who will receive T-bills, in what quantity, and at what price?
Answers
Answer: $9909
Explanation:
Let the amount that will be paid be represented by y. The question can now be solved as:
(10000 - y)/10000 × 360/182 = 0.018
(10000-y)/10000 = 0.018 × 182/360
(10000 - y)/10000 = 0.0091
10000-y = 0.0091 × 10000
10000 - y = 91
y = 10000 - 91
y = $9909
As a result of a thorough physical inventory, Coronado Company determined that it had inventory worth $321000 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $46300 on its sales floor that belong to Coronado but are being sold on consignment by Walker. The selling price of these goods is $75000. Coronado purchased $21100 of goods that were shipped on December 27, FOB destination, that will be received by Coronado on January 3. Determine the correct amount of inventory that Coronado should report.
Answers
Answer:
The correct cost of inventory that Coronado should report is $367300
Explanation:
The goods sent on consignment still belong to the consignor until they are sold off by the consignee. So, the consignor should add the unsold consignment goods in its inventory. Thus we will add the cost of goods sent on consignment to the value of inventory.
Value of inventory = 321000 + 46300 = $367300
The goods purchased by Coronado on 27 December with FOB destination should not be added to the cost of inventory as with FOB destination terms, the goods do not belong to the buyer until they are delivered to their destination by the seller.
Thus, the correct cost of inventory that Coronado should report is $367300
Jasper Corp. has a selling price of $44, and variable costs of $25 per unit. When 14,600 units are sold, profits equaled $133,000. How many units must be sold to break-even?
A. 19,000
B. 12,000
C. 14,333
D. 5,000
Answers
Answer:
Break-even point in units= 7,600
Explanation:
Giving the following information:
Selling price= $44
Unitary variable cost= $25
When 14,600 units are sold, profits equaled $133,000.
First, we need to calculate the total fixed costs:
Fixed costs= Total contribution margin - net income
Fixed costs= 14,600*(44 - 25) - 133,000
Fixed costs= $144,400
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 144,400 / (44 - 25)
Break-even point in units= 7,600
Assume real per capita GDP in North Metropolania is $4,000 while in East Quippanova it is $1,000. The annual growth rate in North Metropolania is 2.33%, while in East Quippanova it is 7%. How many years will it take for East Quippanova to catch up to the real per capita GDP of North Metropolania?
a. about 10 years
b. about 30 years
c. about 40 years
d. about 120 years
e. East Vice City will never be able to catch up with North Midgar.
What will the income of the two countries be when it is equal?
Answers
Answer:
B
Explanation:
Rule of 70
70/2.33=30.04
Income will be $8,000
You’ve borrowed $26,838 on margin to buy shares in Company BBYT, which is now selling at $42.6 per share. You invest 1,260 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. At what price will you receive a margin call?
Answers
Answer:
the price that received a margin call is $32.77
Explanation:
The computation of the price that received a margin call is shown below:
= Borrowed amount ÷(Number of shares - ( Number of shares × Maintenance margin %))
= $26,838 ÷ (1,260 shares - (1,260 × 35%))
= $32.77
Hence, the price that received a margin call is $32.77
We simply applied the above formula and the same is to be considered
A machine with a cost of $150,000 and accumulated depreciation of $95,000 is sold for $70,000 cash. The amount that should be reported in the operating activities section reported under the direct method is:
Answers
Answer:
$0
Explanation:
The operating activities section of the cash flow statement under the direct method records the cash receipts with regard to sale of the products and the cash payments with regard to expenses
Therefore in the given case, it would be $0 as there is no transaction occured that should be reported in the operating activities section of the cash flow statement
The same is to be considered
A car dealer carries out the following calculations. List price $ 5,368.00 Options $ 1,625.00 Destination charges $ 200.00 Subtotal $ 7,193.00 Tax $ 431.58 Less trade-in $ 2,932.00 Amount to be financed $ 4,692.58 15% interest for 48 months $ 2,815.55 Total $ 7,508.13 MONTHLY PAYMENT $ 156.42 What is the annual percentage rate
Answers
Answer and Explanation:
Given interest rate =10%
Repayment months= 48 months,
Interest rate =10% for 48 monthsv
To calculate annual percentage rate,
The annual percentage rate = 2 * repayment months* interest rate divided by repayment months + 1
Annual percentage rate= 2*48*10%/48+1
=2*48*0.10/49
= 96*0.10/49
= 9.6/49= 0.1959= 19.59%
Therefore annual percentage rate = 19.59%
West Side Corporation is expected to pay the following dividends over the next four years: $16, $12, $11, and $7.50. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 16 percent, what is the current share price?
a. $63.27.
b. $61.40.
c. $68.82.
d. $65.17.
e. $60.11.
Answers
Answer:
$77.81
Explanation:
We are given that West Side Corporation is expected to pay the following dividends over the next four years: $16, $12, $11, and $7.50.
Required rate - 16%
Growth rate = 6%
We are supposed to find the current share price
Formula :[tex]P_0=\sum_{t=0}^{T}\frac{D_T}{(1+r)^t}+\frac{D_{T+1}}{r-G}(1+r)^{-T}[/tex]
D = Dividends
t = time
r = required rate
G= Growth rate
Substitute the values in formula :
[tex]P_0=\frac{16}{(1+0.16)^1}+\frac{12}{(1+0.16)^2}+\frac{11}{(1+0.16)^3}+\frac{7.50}{(1+0.16)^4}+\frac{7.50(1+0.06)}{0.16-0.06}(1+0.16)^{-4}\\P_0=77.81\\[/tex]
Given a 4 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3, and 4 of $1,600, $1,800, $1,800, and $2,100. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answers
Answer:
$8,348.51
Explanation:
Computation of the year 6 future value of deposits
6 years Future value = $1,600 × (1 + 0.04)^5+ $1,800 × (1 + 0.04)^4+ $1,800 × (1 + 0.04)^3+ $2,100 × (1 + 0.04)^2
6 years Future value= $1,946.64 + $2,105.75 + $2,024.76 + $2,271.36
6 years Future value= $8,348.51
Therefore the year 6 future value of deposits will be $8,348.51
Joe Jones, Inc. has a beta of .85. The risk-free rate is 5% and the expected rate of return on the market portfolio is 10%. a. Compute the required return for Joe Jones using the security market line (SML) equation.
Answers
Answer: 9.25%
Explanation:
Risk free rate, Rf = 5% = 0.05
We then subtract the risk free rate of 5% from the expected date of return on market portfolio of 10%. This will be:
= 10% - 5% = 5%
Beta = 0.85
Required return will now be:
= Rf + (Rm-Rf) x Beta
= 5% + (5% × 0.85)
= 5% + 4.25%
= 9.25%
"Should Dillard's keep its excellent department store credit card program? ______ Yes ______ No" is an example of _____.
Answers
Answer:
The answer is "making assumptions"
Explanation:
The making assumption is determined if it can't be provided to claim which is not confirmed unless the argument is one, which you or the writer could show if they tried, users must decide. It requires as a considering as thinks about both the subject so on that basis evaluating the statement.
It is the one way the mind saves power becomes to find patterns in how the environment functions, that draw from our previous history. It adopts such trends, or beliefs, to the current world when we experience new circumstances. Its approach saves us the power to evaluate the condition entirely fresh.Admission prices to Dollywood are $50 for a one-day ticket, $80 for a two-day ticket, and $100 for an annual pass. Based on these prices, the marginal cost of visiting Dollywood the second day is _____, the third day is _____, and the fourth day is _____.
a. $40; $33.33; $25
b. $30; $20; $0
c. $30; $10; $10
d. $80; $100; $100
Answers
Answer: b. $30; $20; $0
Explanation:
Admission prices to Dollywood are $50 for a one-day ticket, $80 for a two-day ticket, and $100 for an annual pass. Based on these prices, the marginal cost of visiting Dollywood the second day is $30, the third day is $20, and the fourth day is $0.
The marginal cost is the extra cost per day of going to Dollywood.
Second day
Marginal cost = Second day price - First day
= 80 - 50
= $30
Third day
Marginal cost = Third day price - Second day
= 100 - 80
= $20
Fourth Day
Marginal cost = Fourth day price - third day
= 100 - 100
= $0
Suppose that a nation has a labor force of 100 people. In January, Amy, Barbara, Carine, and Denise are unemployed; in February, those four find jobs, but Evan, Francesco, George, and Horatio become unemployed. Suppose further that every month, the previous four who were unemployed find jobs and four different people become unemployed. Throughout the year, however, the same three people — Ito, Jack, and Kelley — continually remain unemployed because their skills are a poor match with employers' requirements. a. Calculate this nation's frictional unemploymentLOADING... rate. nothing% (Enter your response as a percentage rounded to two decimal places.)
Answers
Answer:
frictional unemployment rate = 4%
Explanation:
Ito, Jack, and Kelley fall under structural unemployment, meaning that they are unemployed because their skills do not match the requirements for current job openings.
Every month, other 4 people lose their jobs, but then find a new job next month (first Amy, Barbara, Carine, and Denise, then Evan, Francesco, George, and Horatio, and then 4 others). These people suffer from frictional unemployment, which refers to temporal transitions between jobs. These transactions may even be voluntary, i.e. people quitting their jobs in order to search for better jobs.
total frictional unemployment = 4 people
total labor force = 100 people
frictional unemployment rate = 4 / 100 = 4%
paid to acquire , a weekly advertising paper. At the time of the acquisition, 's balance sheet reported total assets of and liabilities of . The fair market value of 's assets was . The fair market value of 's liabilities was . Read the requirementsLOADING.... Requirement 1. How much goodwill did purchase as part of the acquisition of ? Purchase price to acquire Mesa Herald Market value of Mesa Herald's assets Less: Market value of Mesa Herald's liabilities Less: Market value of Mesa Herald's net assets
Answers
Full question attached
Answer and Explanation:
A. Given that Thrifty Nickels Assets fair value and liabilities are given by $100000 and $70000 respectively(we do not use the book value in calculating goodwill here) and Acquisition value is $230000
Goodwill = purchase price -net assets
Since we know purchase price =$230000
We calculate net assets= total assets -total liabilities
Total assets =$100000
Total liabilities =$70000
Net assets=$100000-$70000=$30000
We substitute in goodwill formula
Goodwill=$230000-$30000=$200000
Therefore goodwill =$200000
B. We journalize entries for the acquisition in Deca's books as follows :
Debit Assets $100000
Debit Goodwill $200000
Credit liabilities $70000
Credit cash $230000
We debit assets since it received and increased by $100000,we debit goodwill since it also received and increased by $200000. We credit liabilities since it also increased by $70000 from the acquisition (liabilities accounts are credited). Cash was spent and therefore is credited since it reduced by $230000
A year after buying her car, Anita has been offered a job in Europe. Her car loan is for $27,000 at a 6% nominal interest rate for 48 months. If she can sell the car for $20,000, how much does she get to keep after paying off the loan
Answers
Answer:
Instead of keeping a balance she would rather need to pay the remaining mortgage balance of $843.51
Explanation:
The first task here is to compute the monthly payment of the car loan using the formula below:
PMT=P(r/n)/1-(1+r/n)^(-nt)
P=loan amount= $27,000
r=interest rate=6 %
n=number of monthly payments in a year=12
t= duration of loan=4 years ( 48/12)
PMT=27000*(6%/12)/(1-(1+6%/12)^(-4*12)
PMT=27000*(6%/12)/(1-(1+6%/12)^(-48)
PMT=27000*(6%/12)/(1-(1.005)^-48
PMT=135 /(1-0.787098411 )
PMT=634.10
The balance of the loan after one year is the present value of the remaining 36 monthly payments as computed thus:
PV=monthly payment*(1-(1+r)^-n/r
monthly payment=634.10
r=monthly interest rate=6%/12=0.5%
n=number of monthly payments left=36
PV=634.10*(1-(1+0.5%)^-36/0.5%
PV=634.10*(1-0.835644919 )/0.5%
pv=$20,843.51
balance left after paying the loan=$20,000-$20,843.51 =-$843.51
Type the correct answer in the box. Spell all words correctly. Who plans, codes, and creates web pages? plan, code, and create web pages.
Answers
Answer:
Web Developer
Explanation:
Usually, it is a team of experienced individuals that come together to come up with a web page design and make it a reality. This includes designing, planning, coding, and implementing. Usually, these individuals have a general job title of Web Developer. Within this job title, the individuals are usually split up into different subcategories that focus on specific aspects such as Front-End Web designer, Back-End developer, Web Server Management, etc. Each of these focuses on a specific aspect of the webpage, usually due to having more experience with that part of the development process.
Answer:
web developers
Explanation:
just took the test on plato
Kayla Sampson, an antiques dealer from Mankato, Minnesota, received her monthly billing statement for April for her MasterCard account. The statement indicated that she had a beginning balance of $600, on day 5 she charged $150, on day 12 she charged $300, and on day 15 she made a $200 payment. Out of curiosity, Kayla wanted to confirm that the finance charge for the billing cycle was correct. (a) What was Kayla’s average daily balance for April without new purchases?
Answers
Answer: $493.3
Explanation:
Kayla's average daily balance for April without new purchases will be:
We should note that she has opening balance of $600 for 14 days without purchase, $400 balance for 16 days from April 15-30. This will be:
= [($600 × 14) + ($400 × 16)]/2
= ($8400 + $6400)/30
= $14800/30
= $493.3
Bronski Corporation manufactures two products, Simple and Complex. The following information was gathered: Simple Complex Selling price per unit $37.00 $26.00 Variable cost per unit $32.00 $22.00 Total fixed costs are $18,000. Assume demand for either product exceeds the factory's capacity. It takes one hour of production time to make Simple and two hours to make Complex. The annual capacity of the plant is 10,000 hours. How many units of Simple and Complex should Bronski Corporation produce and sell to maximize profits
Answers
Answer:
The answer is "Option A".
Explanation:
Please find the correct question and its solution file.
Donghai transferred the following assets to Starling Corporation. Adjusted Basis Fair Market Value Cash $120,000 $120,000 Machinery 48,000 36,000 Land 108,000 144,000 In exchange, Donghai received 50% of Starling Corporation's only class of stock outstanding. The stock has no established value. However, all parties believe that the value of the stock Donghai received is the equivalent of the value of the assets she transferred. The only other shareholder, Rick, formed Starling Corporation five years ago. a.Donghai has a basis of $276,000 in the stock of Starling Corporation. b.Starling Corporation has a basis of $48,000 in the machinery and $108,000 in the land. c.Donghai has no gain or loss on the transfer. d.Starling Corporation has a basis of $36,000 in the machinery and $144,000 in the land.
Answers
Answer:
Option D
Explanation:
Starling Corporation has a basis of $36,000 in the machinery and $144,000 in the land.
Note: As Donghai transferred the assets to Starling Corporation. Option D is absolutely correct because Acquiring Company should record asset at fair value therefore Starling Corporation has to record machinery & Land at Fair value