Answer:
If you made the deposits now, you would have $1,412,109.77 more than waiting 14 years.
Explanation:
Giving the following information:
Initial investment (PV)= $69,931
Interest rate (i)= 9%
Number of periods= 39 or 25
To calculate the future value, we need to use the following formula:
FV= PV*(1 + i)^n
Wait 14 years:
FV= 69,931*(1.09^25)
FV= $603,020.65
Deposit now:
FV= 69,931*(1.09^39)
FV= $2,015,130.42
If you made the deposits now, you would have $1,412,109.77 more than waiting 14 years.
In the far off kingdom of Viracien there is a healthy sized population of citizens over 16 years old. The last census indicated a total adult population of 5 million people. This year a recession hit and 237 thousand people were let go from their jobs and are on the hunt to find new work. Because of the recession many took early retirement and there is now a population of 1.3 million who are not working or looking for various reasons. Because of the unrest, the military of Viracein has increased its ranks and is now grown to a total of 50 thousand citizens serving the country. If Viracein uses the same calculation to find the unemployment rate, what is the country’s unemployment rate?
Answer:
6.5%
Explanation:
Number of people unemployed = 237,000
Labor force = 5 million - 1.3 million - 50,000
Labor force = 3.65 million
Unemployment rate = Number of people unemployed/Labor force*100
Unemployment rate = 237,000/3.65 million*100
Unemployment rate = 6.4931501%
Unemployment rate = 6.5%
Troy and Devon discuss adding an automobile detailing service at their convenience store based on their customers' point of view. Which of the following is a statement that a customer might consider regarding "promotion" in the marketing mix model?
a. Customers want a high-quality automobile detail service to have their cars cleaned.
b. Customers prefer to pay a fair amount of money to receive excellent service.
c. Customers want to know the benefits of using Troy's automobile detail service.
d. Customers prefer to use services that are near their work and home.
Answer:
c. Customers want to know the benefits of using Troy's automobile detail service.
Explanation:
since in the question it is mentioned that the troy and devon wants to discuss for adding up the detaling service of the automobile so here the promotion means that the customer wants to know about the benefits for using the automobile detailing service as this service is also at their convenience store
So, the option c is correct
What are 3 reasons why government spending should be increased?
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials $ 40 per unit Direct labor $ 60 per unit Overhead costs Variable $ 30 per unit Fixed $ 7,000,000 (per year) Selling and administrative costs for the year Variable $ 770,000 Fixed $ 4,250,000 Production and sales for the year Units produced 100,000 units Units sold 70,000 units Sales price per unit $ 350 per unit 1. Prepare an income statement for the year using variable costing. 2. Prepare an income statement for the year using absorption costing.
Answer:
Sims Company
Income Statements Variable Costing Absorption Costing
Sales revenue $24,500,000 $24,500,000
Cost of goods sold:
Variable cost of manufacturing 9,100,000 9,100,000
Variable cost of selling and admin. 770,000 0
Fixed manufacturing cost 0 4,900,000
Total cost of goods sold $9,870,000 $14,000,000
Contribution margin $14,630,000 0
Gross profit 0 $10,500,000
Fixed /Period costs:
Fixed manufacturing cost $7,000,000 0
Selling and administrative expenses:
Variable $ 770,000
Fixed 4,250,000 4,250,000
Total period/fixed costs $11,250,000 $5,027,000
Net operating income $3,380,000 $5,473,000
Explanation:
a) Data and Calculations:
Manufacturing costs
Direct materials $ 40 per unit
Direct labor $ 60 per unit
Overhead costs
Variable $ 30 per unit
Total variable manufacturing cost per unit = $130
Fixed $ 7,000,000 (per year)
Selling and administrative costs for the year
Variable $ 770,000
Fixed $ 4,250,000
Production and sales for the year
Units produced 100,000 units
Units sold 70,000 units
Ending inventory = 30,000 units
Sales price per unit $ 350 per unit
g, Using your textbook and considering your discussion of the corporate culture of your subject company, describe 3-4 types of cultures or companies that currently exist which have the potential to have a major ethical problems in the future.
Answer:
Nestle - Irresponsible marketing of baby milk
Amazon - Avoiding tax
Coca Cola - Workers right violation at plant
Shell - Causing high environmental pollution
Explanation:
There are various ethical issues which businesses face today. There are problems of nepotism, harassment, discrimination, abuse of power and misrepresentation of financials. The company bad corporate culture also contributes towards unethical issues. There are various companies which maintains a brand image around the globe but are involved in unethical practices in someway. These companies are only concerned towards their uncountable profits and does not care about any ethical issue.
In 2012 the minimum wage in Arizona was $7.65. If we assume the growth of this minimum wage is exponential and is growing at the rate of 2%, then the length of time until the minimum wage reaches d dollars is modeled by which formula:________
Answer:
I don't what should you do otherwise please marks me as brainliests.Question
In 2 hours, China can produce 6 bottles of milk. In 5 hours, it can produce 15 batches of pumpkins. What is the country's
opportunity cost of producing 1 bottle of milk (in terms of batches of pumpkins)?
your answer below:
Answer:
China's opportunity cost of producing 1 bottle of milk is equal to one batch of pumpkins.
Explanation:
Given that in 2 hours, China can produce 6 bottles of milk, and in 5 hours, it can produce 15 batches of pumpkins, to determine what is the country's opportunity cost of producing 1 bottle of milk (in terms of batches of pumpkins), the following calculation must be performed:
Milk = 6/2 = 3 per hour
Batches of pumpkins = 15/5 = 3 per hour
3/3 = 1
Therefore, China's opportunity cost of producing 1 bottle of milk is equal to 1 batch of pumpkins.
Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 170,000 shares of $6 par value common stock. During 2021, Roberto had the following transactions relating to stockholders' equity: Issued 17,000 shares of common stock at $8 per share. Issued 34,000 shares of common stock at $9 per share. Reported a net income of $170,000. Paid dividends of $85,000. Purchased 3,500 shares of treasury stock at $11 (part of the 34,000 shares issued at $9). What is total stockholders' equity at the end of 2021? a. $930,500. b. $522,500. c. $488,500. d. $1,100,500.
Answer:
c. $488,500
Explanation:
The computation of the total stockholder equity at the end of 2021 is given below:
Common stock issued (17000 × 8) $136,000.00
Another common stock issue (34000 × 9) $306,000.00
Net income $170,000.00
Less: Dividends $(85,000.00)
Less: Treasury stock purchase (3500 × 11) ($38,500.00)
Total Stock holder equity $488,500.00
Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of . The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.
Required:
Compute Project A's payback period.
Answer:
4.2 years
Explanation:
Here is the complete question
Project A requires a $ 385,000 initial investment for new machinery with a five year life and a salvage value of $44,000. The company uses straight - line depreciation . Project A is expected to yield annual net income of $ 23,100 per year for the next five years.
Required:
Compute Project A's payback period.
Payback = amount invested / cash flow
cash flow = net income + depreciation
depreciation = (cost of asset - salvage value) / useful life
(385,000 - 44,000) / 5 = 68,200
Cash flow = 68,200 + $ 23,100 = 91300
$ 385,000 / 91300 =4.2
Which of the following is one of the value gaps that can undermine customer experiences and can damage relationships?
Service Quality Gaps
Psychological Gaps
Language Gaps
Physical Gaps
Operational Gaps
Transition Gaps
Answer:
Service Quality Gaps
Explanation:
Service Quality Gaps is one of the value gaps that can undermine customer experiences and can damage relationships.
This is because, customer satisfaction can be measured based on the service quality the customer receives, and if the customer is adequately satisfied, he would continue to patronise the company, but if he is not satisfied, it could damage relationships.
Direct Materials Variances Bellingham Company produces a product that requires 12 standard pounds per unit. The standard price is $7 per pound. If 2,700 units used 31,100 pounds, which were purchased at $7.28 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance $fill in the blank 1 b. Direct materials quantity variance $fill in the blank 3 c. Direct materials cost variance $fill in the blank 5
Answer and Explanation:
The computation is shown below:
a.
Direct material price variance is
= ($7 - $7.28) × 31,100
= $8,708 Unfavourable
b.
Direct material quantity variance is
= (2,700 × 12 - 31,100) × $7
= $9,100 Favourable
c.
Direct material cost variance is
= $9,100 - $8708
= $392 favorable
In this way, it should be calculated
TeleGlobal is an American firm producing TV sets. TeleGlobal imports TV set components from India and assembles them domestically. Suppose that in the United States, a TV set sells for $400 and that 80% of the TV set’s value comes from the value of the imported components. The United States imposes a 40% tariff on TV sets and a 10% tariff on the TV set’s components. Assume that costs of producing components are the same in the United States and India and that transit costs are nonexistent. Based on the information provided, the effective rate of protection that TeleGlobal receives from the tariff is
Answer:
135 %
Explanation:
Given that,
The selling price of T.V. set in the U.S. = $400
The Tariff imposed on T.V. sets = 30%
The Tariff on its imported components = 10%
To find,
The effective rate of protection gained from tariff = ?
Method:
As we know
Effective rate of protection
= tariff on finished imported good + cost/price of its components * (tariff on imported good - tariff on components imported)/(price of final good - price of its components)
So, by putting the given values in above formulae;
= 40% + 80% of 400 * (40% - 10 %)/(400 - 80% of 400)
= 40 + 320 * (30)/(400 - 320)
= 360 * 30/(80)
= 360 * 30/80
= 135%
Which of the following is not an example of what creates a hostile work environment?
1. Displaying sexually suggestive pictures or posters
2. Making sexual comments to other employees
3. All of these
4.Dispensing Assignments based on merit.
Answer:
4.Dispensing Assignments based on merit.
Explanation:
Dispensing Assignments based on merit is not an example of what creates a hostile work environment.
There are examples of what could cause a hostile work environment which include sexual harassment, use of foul language, etc.
However, giving assignments based on merit is not one of those.
Iron Company collects cash in full from a customer who purchased merchandise last month on credit. To record the receipt of cash, Iron Company should make the following entries in the general journal. (Check all that apply.) Multiple select question. Credit to Accounts Receivable Debit to Accounts Receivable Debit to Sales Credit to Cash Debit to Cash
Answer:
Credit to Accounts Receivable Debit to CashExplanation:
Accounts Receivable is an asset account that represents the cash owed to the company by customers who bought goods or services on credit.
When the credit is paid, the accounts receivable account will reduce and so will be credited because assets are credited when they reduce.
Cash on the other hand will be debited to show that it has increased as assets are debited when they increase.
Fictional Corp has an on-premises cloud in their data center that is typically able to handle the normal workload. However, occasionally the company will make headlines on the news or one of its social media posts will go viral and cause a lot more traffic to its website. Which of the following would best help with the capacity issues that only happen occasionally in the most cost-effective manner?
a. Add more servers to the cloud in the data center
b. Use cloudbursting techniques
c. Migrate everything to a cloud service provider
d. Stop posting on social media
Answer:
C.
Explanation:
As they only need the extra space occasionally and in spikes, cloud bursting is the best solution to their problem.
Activity-based costing uses Group of answer choices departmental pools and a single cost driver. numerous cost pools and numerous cost drivers. one plantwide pool and a single cost driver. one plantwide pool and numerous cost drivers
Answer:
numerous cost pools and numerous cost drivers.
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.
On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.
An activity-based costing (ABC) can be defined as a method of costing that identifies the numerous activities in a business firm and assigns the cost of each activity to their respective drivers based on their consumptions.
Activity-based costing (ABC) uses numerous cost pools and numerous cost drivers.
Generally, an activity-based costing uses multiple cost pools such as manufacturing cost or customer services and multiple cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.
Cost pool is simply the amount of money spent by a firm on a particular activity.
In activity-based costing, the activity rate for an activity cost pool is calculated by using the following formula;
Activity rate = total overhead cost/activity for the activity cost pool.
The financial statements report the cumulative impact of all transactions recorded as of the financial statement date. Input the cumulative amount of a) Net Income (Loss), b) Total Assets, c) Total Liabilities, and d) Total Equity that would be reported on the financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first two transactions are completed for you!
Answer:
Yes, financial statement is a cumulative record of all transactions.
Explanation:
A financial statement is a form of the formal record. Its reports the business, person or an entity. The relevant information is resented by discussion and analysis. Such as balance sheet, income statements, statements of equity, cash flow, and comprehensive statements. Thee by its includes all sorts of financial statements.You have just made your first $5,600 contribution to your retirement account. Assume you earn a return of 11 percent per year and make no additional contributions. a. What will your account be worth when you retire in 39 years
Answer:
the account be worth when you retire in 39 years is $327.932.30
Explanation:
The calculation of the account be worth when you retire in 39 years is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $5,600 × (1 + 0.11)^39
= $327,932.30
Hence, the account be worth when you retire in 39 years is $327.932.30
Activity A is worth $100, is complete, and actually cost $150. Activity B is worth $500, is 75% complete, and has actually cost $400 so far. Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost at completion for this project, assuming current variances are typical of future variances?
Answer:
$1,375
Explanation:
Budget at completion = Worth of activity A + Worth of activity B + Worth of activity C
Budget at completion = $100 + $500 + $500
Budget at completion = $1,100
Earned value = Worth of activity A*% completed + Worth of activity B*% completed + Worth of activity C*% completed
Earned value = $100*100% + $500*75% + $500*25%
Earned value = $100 + $375 + $125
Earned value = $600
Actual cost = Actual cost of Activity A + Actual cost of Activity B + Actual cost of Activity C
Actual cost = $150 + $400 + $200
Actual cost = $750
Cost performance Index = Earned value / Actual cost
Cost performance Index = $600 / $750
Cost performance Index = 0.80
Cost performance Index = 80%
Estimate at completion = Budget at completion / Cost performance Index
Estimate at completion = $1,100 / 0.80
Estimate at completion = $1,375
Y3K, Inc., has sales of $6,349, total assets of $2,965, and a debt-equity ratio of 1.20. If its return on equity is 15 percent, what is its net income
Answer:
$202.16
Explanation:
Calculation to determine net income
First step
ROE = .15 = (Profit margin)(Total asset turnover)(Equity multiplier) = (PM)(S / TA)(1 + D/E)
Profit margin = [(ROE)(TA)] / [(1 + D/E)(S)]
Profit margin = [(.15)($2,965)] / [(1 + 1.20)( $6,349)]
Profit margin =444.75/13968
Profit margin = .03184
Now let determine the Net income
Profit margin = .03184 = Net income / Sales
Net income = .03184($6,349)
Net income = $202.16
Therefore the net income is $202.16
Suppose that the MPC is 0.8 and that $18 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $19 trillion at the same price level. By how much would it have to increase government purchases to achieve this goal (use the simple spending multiplier)?
Answer: $200 billion
Explanation:
First find the government spending multiplier:
Multiplier = 1 / (1 - MPC)
= 1 / (1 - 0.8)
= 5
The government wants to increase the real GDP to $19 trillion from $18 trillion which means that they want to increase it by $1 trillion.
In order to increase it by $1 trillion, the amount the government needs to spend is:
Increase in real GDP = Multiplier * Government spending
1 trillion = 5 * Government spending
Government spending = 1 trillion / 5
= $200 billion
The Absolute Finance Company (AFC) earned $5 a share last year and paid a dividend of $2 per share. Next year, you expect AFC to earn $6 a share next year and continue its payout ratio. Assume that you expect to sell the stock for $45 a year from now. If you require a 13 percent return on this stock, how much would you be willing to pay for it?
Answer:
Explanation:
56. The Absolute Finance Company (AFC) earned $5 a share last year and paid a dividend of $2 per share. Next year, you expect AFC to earn $6 a share next year and continue its payout ratio. Assume that you expect to sell the stock for $45 a year from now. If you require a 13 percent return on this stock, how much would you be willing to pay for it? a. $41.95 b. $43.21 c. $45.13 d. $46.72 e. $47.40 ANS: A Expected dividend in one year = (2/5)(6) = $2.40 Value today = ($45 + $2.40)/(1.13) = $41.95
Which is the type of stock that is commonly traded in stock exchanges? Hint: this is the form of company ownership that does not include voting rights on major issues such as the election of directors.
Answer:
Preferred shares
Explanation:
In simple words, Preferred shares (sometimes known as "preferred") are indeed a type of hybrid security that has both equities and guaranteed income features. A preferred share, like an equity instrument, indicates an ownership stake, has no expiration period and is recorded on the capital side of a corporation 's balance sheet.
One key characteristic that is distinctive of an oligopoly market is that Group of answer choices the demand curve facing each firm is downward sloping, with a marginal revenue curve that lies below the firm's demand curve. the decisions of one seller often influence the price of products, the output, and the profits of rival firms. there is only one firm that produces a product for which there are no good substitutes. there are many sellers in the market and each is small relative to the total market.
Answer:
The decisions of one seller often influence the price of products, the output, and the profits of rival firms.
Explanation:
An oligopoly is a market structure where there are only a few sellers. Therefore, around two or more firms have control over the market. Collectively, they can influence the prices and supply.
This ultimately results in high-level competition between these sellers. Since there are a few sellers in the oligopoly structure, each of these company's profit levels not only depends on the decisions made by them but also on the decisions made by their rival firms.
Hence, option no. 3 "the decisions of one seller often influence the price of products, the output, and the profits of rival firms" is correct.
The process cost summary is prepared for the following reasons. (Check all that apply.) Multiple select question. To determine the cost of individual jobs To help department managers control costs To help factory managers evaluate department managers' performances To provide cost information for financial statements To determine the ending balance of the three inventory accounts
Answer:
The process cost summary is prepared for the following reasons:
To help department managers control costs
To help factory managers evaluate department managers' performances
To provide cost information for financial statements
Explanation:
Processing costing is used when production involves a series of sequential processes with high level of standardization. In such a production environment, the products are produced in batches, with the prime costs tracked to the department or production batch instead of to individual products or jobs.
Helix reported the following information in its financial statements. Write-offs of accounts receivable were $200 in the current year. Helix did not recover any write-offs.
At December 31 Current Year Prior Year
Accounts receivable $ 5,000 $ 4,000
Allowance for doubtful accounts 400 350
Accounts receivable, net $ 4,600 $ 3,650
Determine Bad Debts Expense for the current year.
Answer:
the Bad debt Expense for the Year is $250
Explanation:
The computation of the bad debt expense is given below:
Bad debt Expense for the Year is
= Current year of Allowance for Doubtful Accounts + Write off in Current Year - Prior year of Allowance for Doubtful Accounts
= $400 + $200 - $350
= $250
Hence, the Bad debt Expense for the Year is $250
ABC Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activity for each of the company's three activity cost pools are as follows:
Expected activity cost
Activity Estimated cost Product A Product B Total
Activity1 $22,000 400 100 500
Activity2 $16,240 380 200 580
Activity3 $14,600 500 250 750
The activity rate under the activity-based costing system for Activity 3 is closest to:
a. $70.45.
b. $28.87.
c. $19.47.
d. $58.40.
Answer:
it's c. $19.47
Explanation:
$14,600 divided by 750
What is the value of Yutter's stock at the end of Year 1 using the dividend discount model assuming that the dividend payout ratio remains constant and Yutter grows at its sustainable equity growth rate
Answer:
$557,000
Explanation:
Note: Missing word is attached as picture below
Retention Ratio = (Net Income - Dividends) / Net Income
Retention Ratio = (12500 - 3000) / 12500
Retention Ratio = 9500 / 12500
Retention Ratio = 0.76
Retention Ratio = 76%
Sustainable equity growth rate = Retention Ratio * Return on Equity
Sustainable equity growth rate = 76% * 15%
Sustainable equity growth rate = 11.40%
Expected dividend per share = Current Year Dividend *(100 + Growth Rate)%
Expected dividend per share = 3000 * (100+11.4)%
Expected dividend per share = 3000 * 111.4%
Expected dividend per share = 3342
Value of Stock = Expected dividend per share / (Cost of capital equity - Dividend growth rate)
Value of Stock = 3342 / (12% - 11.40%)
Value of Stock = $557,000
Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as either direct or indirect by selecting the appropriate dropdowns.
Variable or Fixed Direct or Indirect Product Cost
1. Machinery depreciation (straight-line)
2. Rubber core for soccer balls
3. Insurance on factory
4. Factory rent
5. Needles used in stitching soccer balls
6. Leather covers for soccer balls
7. Annual flat fee paid for office security
TechPro offers instructional courses in e-commerce website design. The company holds classes in a building that it owns.
Identify each of TechPro's costs below as
(a) variable or fixed and (b) direct or indirect by selecting the appropriate dropdowns. Assume the cost object is an individual class. Variable or Fixed Direct or Indirect
1. Advertising
2. Salesperson salary
3. Instructional manuals for students
4. Monthly internet connection cost
5. Travel expenses for salesperson
6. Instructor wage (per class)
Answer:
Product Cost Variable Or fixed Direct or indirect
1. Rubber core for soccer ball Variable Direct
2. Thread to hold leather together Variable Indirect
3. Taxes on factory Fixed Indirect
4. Wages on Assembly workers Variable Direct
5. Machinery depreciation Fixed Indirect
6. Annual flat fees paid for office security Fixed Indirect
7. Leather cover for soccer balls Variable
A company's interest expense is $20,000. Its income before interest expense and income taxes is $140,000. Its net income is $58,800. The company's times interest earned ratio equals:
Answer:
7 times
Explanation:
Interest expense = $20,000
Income before interest and tax = $140,000
Time interest earned ratio = Income before interest and tax / Interest expense
Time interest earned ratio = $140,000 / $20,000
Time interest earned ratio = 7 times
