Answer:
True
Explanation:
Seventy farmers in Morgan County joined together to hire Rusty to spray their crops one time (with his cropduster plane). These farmers have formed a: _______
a. business trust.
b. cooperative.
c. franchise.
d. joint venture.
Answer:
d. joint venture.
Explanation:
A cooperative, business trust or a franchise are generally stable businesses that are formed to operate in the long run.
On the other hand, a joint venture occurs when different entities get together to do business and that can be a one time event only. In this case, Rusty was hired for spraying the fields one time only (one time event).
Tell me about a time when you made a mistake.. How did you find it and what did you do to correct it?
Answer:
When I first became an assistant manager of a sales branch, I tried to take on everything myself, from the day-to-day operations of the branch to making all of the big sales calls. I quickly learned that the best managers know how to delegate effectively so that work is done efficiently. Since then, I have won numerous awards for my management skills, and I believe a lot of this has to do with my ability to delegate effectively.
Biogenetics, Inc. plans to retain and reinvest all of their earnings for the next 30 years. Beginning in year 31, the firm will begin to pay a $30 per share dividend. The dividend will not subsequently change. Given a required return of 18%, what should the stock sell for today?
Answer:
the stock sell for today is $1.16
Explanation:
The calculation of the stock sell for today is as follows;
Value after year 31 is
= (D31 ÷ Required return)
= $30 ÷ 0.18
= $166.666667
Now the current value is
= Future dividend and value × Present value of discounting factor(rate%,time period)
= $30 ÷ 1.18^31 + $166.666667 ÷ 1.18^31
= $1.16
Hence, the stock sell for today is $1.16
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Excerpts from Hulkster Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable$40,000 $36,000 Merchandise inventory$28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total shareholders' equity 240,000 225,000 Net income 32,500 28,000 Hulkster's 2021 profit margin is (rounded): 17.1%. 13.5%. 4.5%. 7.6%.
Answer:
Hulkster's 2021 profit margin is:
17.1%.
Explanation:
a) Data and Calculations:
2021 2020
Accounts receivable $40,000 $36,000
Merchandise inventory $28,000 35,000
Net sales 190,000 186,000
Cost of goods sold 114,000 108,000
Total assets 425,000 405,000
Total shareholders' equity 240,000 225,000
Net income 32,500 28,000
Profit margin = net income/net sales * 100
= $32,500/$190,000 * 100
= 17.1%
b) The profit margin of 17.1% indicates that Hulkster Company has generated an income of 17.1 cents for each dollar of sales. It shows the company's income performance with relation to the net sales revenue. It is a ratio of the net income expressed as a percentage of the sales.
The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change.
Answer:
The labor participation rate would not change because it counts the labor force as a percentage of the total adult population, and the labor force includes both the number of people employed and the number of people unemployed, so, even if those working part-time were counted as unemployed by the BLS, they would still be part of the Labor Force.
The labor participation rate formula is:
Labor Participation Rate = (Labor Force / Total Adult Population) x 100
The unemployment rate would indeed change, because it counts the number of unemployed as a percentage of the labor force. If those working part-time were counted as unemployed by the BLS, the number of people unemployed would obviously spike.
The formula is:
Unemployment Rate = (Number of Unemployed / Labor Force) x 100
Bonita Company's inventory records show the following data:
Units Unit Cost
Inventory, January 1 10900 $8.00
Purchases: June 18 8700 8.10
November 8 5700 5.00
A physical inventory on December 31 shows 5700 units on hand. Under the FIFO method, the December 31 inventory is:_______
Answer:
$28,500
Explanation:
FIFO will give the same result whether you use perpetual or periodic system.
Ending Inventory = Units Left × Earliest Price
Therefore,
Ending Inventory = 5700 units × $5.00
= $28,500
A manual press costs $16,000, and it will be scrapped after 10 years. Compute the depreciation and book value for the first two years using 100% bonus depreciation.
Answer and Explanation:
The computation of the depreciation and the book value for the first two years would be
Depreciation for Year 1
= 100% Bonus + regular depreciation
= $16,000 + $16,000 ÷ 10 years
= $17,600
And,
Book value year 1 is
= $16,000 - $1,600
= $14,400
Now
Depreciation for Year 2 is
= Regular depreciation
= $1,600
And,
Book value year 2 is
= $14,400 - $1,600
= $12,800
Four years ago, Lyle Mercer was injured in a railroad accident and sued the railroad for damages. The jury required the railroad to pay $600,000 compensation for his physical injuries, $150,000 for lost wages during his long recuperation, and $1,000,000 punitive damages. How much of the $1,750,000 settlement is included in Lyle's gross income?
Answer and Explanation:
The amount that settled is as follows
The total amount is $1,750,000
Out of which
The amount of
= $1,000,000 + $150,000
= $1,150,000
This would be involved in the AGL of L and the $600,000 would not be involved in the gross income as the taxpayer got injured by the other party act
So, the same is to be considered
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 4.5%/year compounded monthly. If the future value of the annuity after 11 years is $55,000, what was the size of each payment?
Answer:
The size of each payment was $322.78.
Explanation:
This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:
FV = M * (((1 + r)^n - 1) / r) ................................. (1)
Where,
FV = Future value of the amount after 11 years = $55,000
M = Monthly payment = ?
r = Monthly interest rate = 4.5% / 12 = 0.045 / 12 = 0.00375
n = number of months = 11 years * 12 = 132
Substituting the values into equation (1) and solve for M, we have:
$55,000 = M * (((1 + 0.00375)^132 - 1) / 0.00375)
$55,000 = M * 170.394706737074
M = $55,000 / 170.394706737074
M = $322.779979808101
Rounding to 2 decimal places, we have:
M = $322.78
Therefore, the size of each payment was $322.78.
In the economy represented by the graph, which set of economic measures is
most likely present at point B in the business cycle?
The Business Cycle
А
с
Production output
D
B
Time
O A. The steady growth line has started to decline.
O B. The unemployment rate is at its lowest point.
O c. Gross domestic product is at its lowest point.
O D. The economy has started a period of recession.
The economy represents by the graph is a set of measures that is most likely to occur in the business cycle are Gross domestic product is at its lowest point. Thus option C is correct.
What are economic measures?The economic measures are those that economist use for measuring the economy of a country and include the GDP, unemployment, and inflation. The GDP is the most important measure and refers to the business cycle. As per the graph, the GDP is at the lowest point.
Find out more information about the economic indicator.
brainly.com/question/903754
Answer: the unemployment rate is at its lowest point
Explanation:
just took the test
Andrews Corp. ended the year carrying $46,369,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.?
a. $264,018,840
b. $191,318,000
c. $67,711,000
d. $104,076,000
Answer: $46,369,000
Explanation:
At the end of the year, all the costs associated with inventory and operations have been dealt with in the income statement.
This means that if the entire inventory were sold at current prices which is $46,369,000, the addition to revenue will be what the goods were sold for which is the current price.
Options do not have this answer but that is it.
right decision in right time get success in our life?
Answer:
You are the only person who get's to decide if you are happy or not- Do not put you're happiness into the hands of someone else. Do not make it contingent their acceptance of you, or there feelings for you. At the end of each day , it doesn't matter if someone dislikes you, or if someone doesn't want to be with you. All that matters is that you are happy with the person you are becoming. All that matters is that you like yourself, that you are proud of what you put out into the world. Never forget that you are in charge of you're joy, and of you're worth. You get to be you're own validation. Please never forget that!
Heridan Company is considering the following alternatives: Alternative AAlternative B Revenues$64000$72000 Variable costs 38400 38400 Fixed costs 10000 16000 What is the incremental profit?
Answer:
$2,000
Explanation:
To get the incremental profit, we would compute the profit for each alternatives and then subtract .
Alternative A
Incremental profit
= Revenues + Variable costs - Fixed costs
= $64,000 + $38,400 - $10,000
= $92,400
Alternative B
Incremental profit
= Revenues + Variable costs - Fixed costs
= $72,000 + $38,400 - $16,000
= $94,400
Incremental profit = Alternative B - Alternative A
Incremental profit = $94,400 - $92,400
Incremental profit = $2,000
Terrapins has a bond issue outstanding with nine years remaining to maturity, a coupon rate of 10% with interest paid semi-annually, and a par value of $1,000. If the current market price of the bond issue is $814.45, what is the yield to maturity?
Answer:
the answer is $345.98.
Explanation:
hope it helps you
Explain the actions the FED should take if it wanted to move from a point on the short-run Phillips curve representing high unemployment and low inflation to a point representing lower unemployment and higher inflation.
Answer:
The short run Phillips curve states that there is an inverse relationship between unemployment and inflation in the short run.
Since unemployment is high and the inflation rate is low, in order for the FED to decrease unemployment and increase inflation it must decrease the interest rate. That way, the economy should kick off and start growing which should decrease unemployment and at the same time will increase inflation.
If a trader buys an option at an implied volatility of 10%, and plans to delta hedge it, over the life of the option she hopes realized volatility will be:
Answer:
b. lower than 10%
Explanation:
Missing word "a. higher than 10%, b. lower than 10%, c. if its three month option then she hopes its 10/3, d. irrelevant where realized will be"
If a trader buys an option at an implied volatility of 10%, and plans to delta hedge it, over the life of the option she hopes realized volatility will be lower than 10%. When hedging implied volatility through delta hedging is done, it means that the trader is expecting that volatility will decline and it has taken the position on the the downside of the implied volatility as it is reflected by the delta hedging. Delta hedging is not about betting on the upside of implied volatility.
If marginal cost is above average total cost,
A Average total cost is rising
B Average total cost is falling
C Average total cost is at its minimum
D Average total cost is at its maximum
Answer:
Average total cost is rising
Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferred stock outstanding at a price of $87 per share. There are 520 bonds outstanding that have a coupon rate of 5.5 percent paid semiannually. The bonds mature in 17 years, have a face value of $1,000, and sell at 93 percent of par. What is the capital structure weight of the common stock?
Answer:
26.43 %
Explanation:
The Capital Structure is based on the Market Weight of the Sources of Finance as shown below :
Equity market value = Number of shares × price/share
Equity market value = 10,200 × $36
Equity market value = $367,200
Current debt value = Number of bonds × price/bond
Current debt value = 520 × (1930)
Current debt value = $1,003,600
Preferred stock value = Number of shares × price/share
Preferred stock value = 215 × $87
Preferred stock value = $18,705
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $367,200 + $1,003,600 + $18,705
Total capital = $1,389,505
Weight of Equity = Equity value / Total capital
Weight of Equity = $367,200 / $1,389,505
Weight of Equity = 26.43 %
On January 1, 2016, Cobb Co. received, for the sale of a parcel of land, a ten-year note receivable having a face amount of $2,000,000 and a stated interest rate of 8% payable annually each December 31. The market rate of interest for this type of note is 10%. Present value factors are as follows: At 8% At 10% Present value of 1 for 10 periods 0.46319 0.38554 Present value of an ordinary annuity of 1 for 10 periods 6.71008 6.14457
Answer: $1,754,211
Explanation:
8% of $2,000,000 will be payable every year for 10 years;
= 2,000,000 * 8%
= $160,000
The amount received from selling the land is;
= Present value of interest payable annually + Present value of Note
= (160,000 * Present value interest factor of annuity, 10 years, 10%) + (2,000,000 * present value interest factor, 10 years, 10%)
= (160,000 * 6.14457) + (2,000,000 * 0.38554)
= $1,754,211
You are a new project manager who has been entrusted with a project. The project has entered the Execution phase, and you as the project manager, discover that there is a need to spend part of the project funding to bring an external consultant, to cover for an employee leaving the project team. If you are authorized to make decisions about spending this project fund, what kind of an organization structure are you working in?
Answer:
Project ( Projectized)
Explanation:
project management simply entails thorough planning, organizing, and managing resources to bring about the successful completion of specific project goals and objective.
3 main types of organizational structures are functional (departmentalized), matrix, and project.
In projectized - an organizational structure, the project manager has full power to assign works, apply resources, and direct the work of persons that is assigned to the project.
It is characteristized by subject matter experts (SMEs) from different functional areas are assigned to directly report to the project manager (PM) for a specific project and others.
Asset C3PO has a depreciable base of $16.5 million and a service life of 10 years. What would the accumulated depreciation be at the end of year five under the sum-of-the-years'-digits method?
A. $ 4.5 million.
B. $8.25 million.
C. $ 12 million.
D. None of these is correct.
Answer:
C. $12 million.
Explanation:
The computation of the accumulated depreciation be at the end of year five under the sum-of-the-years'-digits method is given below:
Accumulated depreciation is
= $16.5 million × [(10 + 9 + 8 + 7 + 6) ÷ 55]
= $12 million
hence, the accumulated depreciation be at the end of year five years is $12 million
Therefore the correct option is c.
A company resells 400 shares of its own common stock for $20 per share. The company has acquired these shares two months before for $15 per share. The resale of this stock would be recorded with a:_______.
A) Debit to Common Stock for $8,000
B) Credit to Treasury Stock for $8,000
C) Credit to Additional Paid-In Capital for $2,000
D) Debit to Additional Paid-In Capital for $2,000
Answer:
C. Credit to additional paid-in capital for $2,000
Explanation:
Based on the information given we were told that 400 shares of own common stock was resell for $20 per share in which the shares was acquired two months before for $15 per share which means that the resale of this stock would be recorded with a: Credit to additional paid-in capital for $2,000
Calculated as:
Additional paid-in capital=(400 shares*$20 per share)-(400 shares*$15 per share)
Additional paid-in capital=$8,000-$6,000
Additional paid-in capital=$2,000
A perpetual bond with a par value of $1,000 and a coupon rate of 7.75% has a current market price of $900. What is its yield to maturity
a. 9.32%
b. 8.33%
c. 7.92%
d. 9.45%
e. 8.61%
Answer: e. 8.61%
Explanation:
This is a perpetual bond so the price is calculable by;
Price = Coupon / Yield to Maturity
Coupon = 7.75% * 1,000
= $77.50
900 = 77.50/ YTM
900 * YTM = 77.50
YTM = 77.50/900
= 8.61%
On July 1, Smith Company borrowed $430,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $64,083. What amount of interest expense will be included in the first annual payment?
a. $29,683
b. $34,400
c. $400,317
d. $43,000
e. $64,083
The Uniform Commercial Code (UCC) applies to Internet contracts.
True
False
Answer:
True, article 2 of the UCC applies to the sales of goods through internet channels.
Explanation:
The UCC governs transactions involving the sale of goods (not services) and the requirement of a written agreement is generally satisfied when parties exchange electronic messages, e.g. emails that confirm the transaction.
In relation to other types of internet transactions, the Uniform Computer Information Transactions Act (UCITA) was created in order to govern software licenses and other types of electronic contracts.
Answer:
true
Explanation:
Target Corporation reported the following information in a recent Form 10-K. Consolidated Statement of Operations ($ millions) FY 2016 Cost of sales $67,596 Consolidated Statement of Financial Position ($ millions) FY 2016 FY 2015 Inventory $10,321 $8,282
What is the (a) inventory turnover ratio, and (b) average days in inventory, for the fiscal year ended January 30, 2016?
Answer: See explanation
Explanation:
a. inventory turnover ratio
This will be calculated as:
= Sales cost / Average inventory
= $67,596 / $9301.50
= 7.2672
= 7.27
(b) average days in inventory.
This will be calculated as:
= 365 days / Inventory turnover ratio
= 365 / 7.27
= 50.20
= 50 days
Note:
Average inventory = ($10,321 + $8,282) / 2 = $9301.50
The owner of a real estate office prepared a cash flow budget for the coming month. The beginning cash balance was $1,500.
Projected revenue and costs are:
• revenue of $5,000
• supply costs of $1,000
• staff payroll of $2,500
• rent of $1,000
• insurance of $100
Match the dollar amount to the correct line item on a cash flow budget:
non
Answer:
I need to put middle school mode on
How much money should be deposited today in an account that earns 3 %compounded semiannually so that it will accumulate to $ 13,000 in three years?
Answer:
PV= $11,889.05
Explanation:
Giving the following information:
Future Value (FV)= $13,000
Number fo periods (n)= 3*2= 6 semesters
Interest rate (i)= 0.03/2= 0.015
To calculate the initial deposit, we need to use the following formula:
PV= FV/(1+i)^n
PV= 13,000 / (1.015^6)
PV= $11,889.05
Explain at least four types of ethical misconduct in financial transactions. Explain how these work with appropriate illustrations followed by real-life examples as far as possible for each type
The correct answer to this open question is the following.
We can help you with the four cases of financial misconduct.
So the four types of ethical misconduct in financial transactions are
1.- Fraudulent Financial Reporting. This is when the top company management lies about financial statements. These companies cheat on the investors of the company for a particular agenda. It also can be the case when top management tries to keep the share price of the corporation.
2.- Stealing, today technically called Missaprpriation of Assets. In this case, employees use the company's assets for personal reasons. The employee even can steal money from the company's accounts.
3.- Bribering. A member of the company bribes a government official in order to have influence in some regulations.
4.- Disclosure. A member of the company discloses important information considered private or "Top Secret," trying to create a personal advantage or for a competitor.
A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.A. $12.20.B. $-0.30.C. $7.70 .D. $16.
Answer:
A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.
A. $12.20.
Explanation:
For this monopolist, the marginal revenue is the incremental revenue which it generates from each additional unit of sales. It can also be expressed as the rate at which total revenue changes from what it was before now. In this case, the additional revenue that the monopolist will get from selling one additional unit is $12.20. It is the additional revenue that the monopolist gets for the 16th item.
