On December 31, 2020, Lipton, Inc. sold $3,000,000 (face value) of bonds. The bonds are dated December 31, 2020, pay interest annually on December 31, and will mature on December 31, 2020 The following schedule was prepared by the accountant for 2020 Annual Interest Period Interest to Interest be paid Expense Amortization Unamortized Amount $75,000 51.750 Bond Carrying Value $2,925,000 2,948,250 1 $240,000 $263,250 $23,250 On the basis of the above information, answer the following questions What is the stated interest rate for this bond issue? Stated interest rate SHOW LIST OF ACCOUNTS What is the market interest rate for this bond issun? Market interest rate 5 What is the market interest rate for this bond issue? Market interest rate % SHOW LIST OF ACCOUNTS What was the selling price of the bonds as a percentage of the face value? (Round answer to 1 decimal place, e.g. 52.7.) Selling price SHOW LIST OF ACCOUNTS tudy Prepare the journal entry to record the sale of the bond issue on December 31, 2020. (Credit account titles are autofnatically indented wh manually.) Debit Date Account Titles and Explanation Dec 31, 2020 Credit SHOW LIST OF ACCOUNTS Prepare the journal entry to record the payment of interest and amortization of discount on December 31, 2021. (Credit account titles an entered. Do not indent manually.) Account Titles and Explanation Debit Dec 31, 2021 Date Credit ly SHOW LIST OF ACCOUNTS

Answers

Answer 1

Answer:

Lipton, Inc.

1. Stated interest = Annual interest/Face value of bonds * 100

= $240,000/$3,000,000 * 100

= 8%

2. The market interest rate for this bond issue = Interest Expense/Price of issued bonds * 100

= $263,250/$2,925,000 * 100

= 9%

3. The selling price of the bonds as a percentage of the face value

= $2,925,000/$3,000,000 * 100

= 97,5%

4. Journal Entries:

Date                Account Titles and Explanation    Debit          Credit

Dec 31, 2020 Cash                                           $2,925,000

                       Bonds Discounts                              75,000

                       Bonds Payable                                               $3,000,000

To record the issuance of the bonds at a discount.

5.   Journal Entries:

Date                Account Titles and Explanation    Debit          Credit

Dec 31, 2021  Interest Expense                         $263,250

                      Amortization of bond discounts                      $23,250

                      Cash                                                               $240,000

To record the payment of interest and amortization of discount.

Explanation:

a) Data and Calculations:

December 31, 2020

Face value of issued bonds = $3,000,000

Interest payment = December 31 annually

Unamortized Amount = $75,000

Price of issued bonds = $2,925,000 ($3,000,000 - $75,000)

Discount on bonds =           $75,000 ($3,000,000 - $2,925,000)

Schedule:

2020 Annual Interest Interest Expense Amortization Bond Carrying Value

                                                                                                $2,925,000

1            $240,000           $263,250           $23,250               2,948,250

1. Stated interest = Annual interest/Face value of bonds * 100

= $240,000/$3,000,000 * 100

= 8%

2. The market interest rate for this bond issue = Interest Expense/Price of issued bonds * 100

= $263,250/$2,925,000 * 100

= 9%

3. The selling price of the bonds as a percentage of the face value

= $2,925,000/$3,000,000 * 100

= 97,5%

Analysis:

December 31, 2020:

Cash $2,925,000 Bonds Discounts $75,000 Bonds Payable $3,000,000

December 31, 2021:

Interest Expense $263,250 Amortization of bond discounts $23,250 Cash $240,000


Related Questions

Suppose you entered a contract to buy your friend's iPad. Without your knowledge, it was malfunctioning at the time you bought it, and it died soon after you started using it. Your friend had recently removed a large number of applications from the iPad that were not working. Although he honestly thought the problem was with the applications and not the iPad itself, he failed to tell you about the problem. You reasonably concluded, based on your inspection of all of the current applications on the iPad, that it was functioning properly. Can you rescind the contract to buy the iPad?

a. Yes, due to fraud.
b. Yes, due to innocent misrepresentation.
c. Yes, due to mutual mistake.
d. Yes, due to undue influence.
e. No, the latent malfunction was not material, because the iPad was functioning when you bought it.

Answers

Answer:

Can you rescind the contract to buy the iPad?

b. Yes, due to innocent misrepresentation.

Explanation:

You can rescind the contract without damages or you claim damages based on the loss that you have already incurred for the contract.  An innocent misrepresentation occurs when the misrepresentation is not fraudulent nor negligent.  Therefore, you can rescind the contract or affirm it. But if the misrepresentation is fraudulent or negligent, you can rescind the contract as well as claim damages.

8794979666++++45626563.

Answers

Added, the answer is 8,840,606,229. Was this even the question? Looks like it was just spam lol

A portfolio's return is the weighted average of each individual investment's return. However, a portfolio's risk is not the weighted average of each investment's standard deviation.

a. True
b. False

Answers

False
Explanation
Because it didn’t have a standard weight and it was average

Components of the master budget are the operating budget, the capital expenditures budget, and the financial budget. Group of answer choices True False

Answers

Answer: True

Explanation:

A master budget refers to the lower-level budgets that is within an organization, and the financial plan, the cash flow forecasts, and the budgeted financial statements.

The master budget consists of three main components which are the operating budget, financial budget and the capital expenditures budget.

Therefore, the statement is true.

When the operating activities section of the statement of cash flows is reported using the direct method: Multiple Choice Footnotes to the financial statements disclose the difference between net income and the cash provided or used by financing activities. Noncash investing and financing activities is included in the statement of cash flows. Operating cash receipts minus operating cash payments equals net cash provided (used by)operating activities. Net income is adjusted for changes in noncurrent assets and noncurrent liabilities. The income statement is prepared under the cash basis of accounting.

Answers

Answer:

Operating cash receipts minus operating cash payments equals net cash provided (used by) operating activities.

Explanation:

A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.

The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;

1. Cash-flow from financing activities: it represents the cash flow from debt or equity. Typically, it's the costs used in a financing a business.

2. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments, etc.

3. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods, etc.

In Financial accounting, the direct method of reporting operating cash flows uses actual cash inflows and outflows from the operating activities of a company by generating data from the income statement (cash receipts and cash disbursements/payments).

Hence, when the operating activities section of the statement of cash flows is reported using the direct method; operating cash receipts minus operating cash payments (disbursements) equals net cash provided, that is typically used by operating activities.

Northberg Company is preparing a cash budget for August. The company has $16,000 cash at the beginning of August and anticipates $126,000 in cash receipts and $134,500 in cash payments during August. Northberg Company wants to maintain a minimum cash balance of $15,000. To maintain the $15,000 required balance, during August the company must: Group of answer choices Borrow $15,000. Repay $7,500. Repay $8,500. Borrow $7,500. Borrow $8,500.

Answers

Answer:

Borrow $7,500

Explanation:

The calculation of the amount that should be required to maintain the required balance is given below:

Preliminary cash balance

= Opening balance + Cash receipts - Cash disbursements

= $16,000 + $126,000 - $134,500

= $7,500

Since we have to maintain $15,000 so we have to borrow the following amount

= $15,000 - $7,500

= $7,500

A new firm, POINT BLANK, Co expects to generate Sales of $131,300. POINT BLANK has variable costs of $79,900, and fixed costs of $20,400. The per-year depreciation is $4,700 and the tax rate is 34 percent. Given this info: What is the annual operating cash flow?

Answers

Answer:

Variable costs are 55% of sales, depreciation on the equipment to produce the new board will be $2,150,000 per year, and fixed costs are $3,200,000 per year.

Explanation:

Variable costs are 55% of sales, depreciation on the equipment to produce the new board will be $2,150,000 per year, and fixed costs are $3,200,000 per year.

What are targets for a business to achieve?
A. Objectives
B. Smart goals
C. Social enterprises
D. Profits

Answers

D I would believe if not sorry

Fina Corp. had the following transactions during the quarter ended March 31, 2018: Payment of fire insurance premium for calendar year 2018 800,000 What amount should be included in Fina's income statement for the quarter ended March 31, 2018?

Answers

Answer:

$200,000

Explanation:

When a company prepays for  a service, the amount prepaid is recognized as an asset until the service is enjoyed (usually with the passing of time).

This is recorded as follows

Dr Prepaid expense

Cr Cash account

Being entries to recognize amount prepaid.

As the service is enjoyed,

Dr Expense

Cr Prepaid expense

Being entries to recognize expense incurred.

Since 800,00 was the amount prepaid for the calendar year 2018, by 31 March 2018, the amount used up (to be recognized as expense in the income statement) will be

3/12 * $800,000

= $200,000

Freelife, New Hampshire has a labor force of 78,567 persons and employment of 74,382. The unemployment rate for the city is: Group of answer choices 5.3%. 5.6%. 6.0%. 7.1%

Answers

Answer:

5.3%

Explanation:

There are 4,185 unemployment person(78,567-74,382)

So the rate of unemployment persons = ( the number of unemployment / the total number of persons) × 100

= (4,185/78,567) ×100

In Freelife, New Hampshire, there are 74,382 people employed and 78,567 people in the labor force. The city's unemployment rate is 5.3%.

What is the cause of unemployment?

When someone is actively seeking employment even if they are employable, they are said to be unemployed. Individuals who are employed but do not have the right jobs are included in this group. One of the indices of a nation's economic health is unemployment,

which is typically calculated as the unemployment rate, which is calculated by dividing the number of jobless persons by

the total number of workers. It is common to misunderstand the definition of unemployment, which includes persons who are waiting to start working again after being discharged but excludes those who have given up seeking for a job. Those that aren't looking for work right now.

Learn more about Unemployment, from :

brainly.com/question/14227610

#SPJ6

With the total performance indicators in place at Sears, it can evaluate if a single store improves its employee attitude by 5 percent and therefore predict with confidence that if the revenue growth in the district as a whole is 5 percent, the revenue growth in this particular store would be 5.5 percent. This is an example of the _______ perspective of the balanced scorecard.
A) innovation and learning
B) internal business
C) financial
D) customer

Answers

Answer:

C) financial

Explanation:

In Business management, a balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.

The four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.

Generally, there exist a strong causal relationship between customer attitudes, employee attitudes, and financial outcomes that are generated by an organization or business firm.

In this scenario, Sears was able to evaluate that if a single store improves its employee attitude by 5% and revenue in the district as a whole grew by 5%; the revenue growth in this particular store would be 5.5%.

Thus, this is an example of the financial perspective of the balanced scorecard because with its total performance indicators, it was able to measure the level of revenue (finance) that would be generated by the store.

In conclusion, the balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.

AJ Manufacturing Company incurred $54,500 of fixed product cost and $43,600 of variable product cost during its first year of operation. Also during its first year, AJ incurred $17,350 of fixed and $13,900 of variable selling and administrative costs. The company sold all of the units it produced for $178,000. Required Prepare an income statement using the format required by generally accepted accounting Principles (GAAP). Prepare an income statement using the contribution margin approach.

Answers

Answer and Explanation:

The preparation of the income statement under following approaches are

Under  generally accepted accounting Principles (GAAP)

Sales $178,000

Less: cost of goods sold ($54,500 + $43,600) -$98,100

Gross margin $79,900

Less: selling & general admin ($17,350 + $13,900) -$31,250

Net income $48,650

Under contribution margin approach

Sales $178,000

Less: variable cost ($43,600 + $13,900) -$57.5

Contribution margin $120,500

Less: fixed cost ($54,500 + $17,350) -$71,850

Net income $48,650

Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 44,800 machine-hours. The estimated variable manufacturing overhead was $4.65 per machine-hour and the estimated total fixed manufacturing overhead was $1,239,616. The predetermined overhead rate for the recently completed year was closest to:

Answers

Answer: $32.32

Explanation:

From the information given, the predetermined overhead rate for the recently completed year will be calculated thus:

= Total manufacturing overhead / Estimated machine hours

= $1,447,936 / 44,800

= $32.32 per machine hour

Total manufacturing overhead was calculated as:

Estimated fixed overhead = $1,239,616

Estimated variable overhead = 44,800 × $4.65 = $208320

Total manufacturing overhead = $1,447,936

Town Crier has 6.7 million shares of common stock outstanding, 3.7 million shares of preferred stock outstanding, and 27.00 thousand bonds. If the common shares are selling for $29.80 per share, the preferred share are selling for $17.20 per share, and the bonds are selling for 96.83 percent of par, what would be the weight used for common stock in the computation of Town Crier's WACC

Answers

Answer:

0.2488

Explanation:

Calculation to determine what would be the weight used for common stock in the computation of Town Crier's WACC

Using this formula

WACC=(shares of preferred stock outstanding*preferred share are selling per share)/(shares of common stock outstandin*common shares are selling for per share,)+(shares of preferred stock outstanding*preferred share are selling per share)+ (bonds amount*bonds selling percent of par*1,000)

Let plug in the morning

WACC=(3.7 million *$17.20)/(6.7 million x$29.80)+(3.7 million *$17.20)+27.00 thousand bonds*96.83 percent*1,000

=$63,640,000/($199,660,000+$26,144,100)

=$63,640,000/$255,804,100

=0.2488*100

=24.88%

Therefore what would be the weight used for common stock in the computation of Town Crier's WACC is 24.88%

Use the following information to prepare a multistep income statement and a balance sheet for Sherman Equipment Co. for 2016. (Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated.) (Balance Sheet only: Items to be deducted must be indicated with a minus sign.)
Salaries Expense $ 69,000 Operating Expenses $ 62,000
Common Stock 100,000 Cash Flow from Investing Activities 78,400
Notes Receivable 24,000 Prepaid Rent 12,500
(short term)
Allowance for Doubtful Accounts 7,800 Land 40,000
Uncollectible Accounts Expense 8,100 Cash 48,100
Supplies 1,200 Inventory 98,300
Interest Revenue 5,400 Accounts Payable 46,000
Sales Revenue 320,000 Salaries Payable 12,000
Dividends 3,500 Cost of Goods Sold 148,000
Interest Receivable (short term) 1,500 Accounts Receivable 56,000
Beginning Retained Earnings 81,000

Answers

Answer:

Sherman Equipment Co.

a) Sherman Equipment Co.

Multistep Income Statement

For the year ended December 31, 2016

Sales Revenue                          $320,000

Cost of Goods Sold                     148,000

Gross profit                               $172,000

Operating expenses:

Salaries Expense                     $ 69,000

Operating Expenses                  62,000

Uncollectible Accounts Expense 8,100

Total operating expenses      $139,100

Operating income                   $32,900

Interest Revenue                        5,400

Net income                             $38,300

Balance Sheet

As of December 31, 2016

Assets

Current Assets:

Cash                                                             $48,100

Interest Receivable (short term)                     1,500

Accounts Receivable                    56,000

Allowance for Doubtful Accounts (7,800)  48,200

Notes Receivable (short term)                    24,000

Supplies                                                          1,200

Inventory                                                     98,300

Prepaid Rent                                               12,500

Total current assets                              $233,800

Long-term assets:

Land                                                           40,000

Total assets                                          $273,800

Liabilities and Equity:

Current liabilities:

Accounts Payable                                 $46,000

Salaries Payable                                      12,000

Total current liabilities                         $58,000

Equity:

Common Stock                                 $100,000

Ending Retained Earnings                   115,800

Total equity                                       $215,800

Total liabilities and equity               $273,800

Explanation:

a) Data and Calculations:

Cash 48,100

Interest Receivable (short term) 1,500

Accounts Receivable 56,000

Notes Receivable (short term) 24,000

Supplies 1,200

Inventory 98,300

Prepaid Rent 12,500

Land 40,000

Allowance for Doubtful Accounts 7,800

Accounts Payable 46,000

Salaries Payable 12,000

Common Stock 100,000

Beginning Retained Earnings 81,000

Dividends 3,500

Interest Revenue 5,400

Sales Revenue 320,000

Cost of Goods Sold 148,000

Salaries Expense $ 69,000

Operating Expenses $ 62,000

Uncollectible Accounts Expense 8,100

Cash Flow from Investing Activities 78,400

Beginning Retained Earnings 81,000

Net income                              38,300

Dividends                                 (3,500)

Ending Retained Earnings    115,800

K. Johnson, Inc.'s managers want to evaluate the firm's prior-year performance in terms of its contribution to shareholder value. This past year, the firm earned an operating income return on investment of 12 percent, compared to an industry norm of 11 percent. It has been estimated that the firm's investors have an opportunity cost on their funds of 15 percent, which is the same as the firm's overall cost of capital. The firm's total assets for the year were exist100 million.

Required:
a. Compute the amount of economic value created or destroyed by the firm.
b. How does your finding support or fail to support what you would conclude using ratio analysis to evaluate the firm's performance?

Answers

Answer:

-3 million dollars

Explanation:

we have EVA = economic value added

to ge the EVA, we use this formula :

(operating return on the assets - cost of the total capital) multiplied by the total assets

total assets = 100 million

operating return = 12 percent

cost of capital = 15 percent

the EVA = 12% - 15% * 100000000

= -0.03 * 100000000

= -3,000,000 dollars

b. The loss of the value of the shareholder is happening even though the firm is earning ROI that is more than the average firm in the industry.

gdp bình quân là gì ?

Answers

Answer:

what type of language is this ??

Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $650 $390 $enter a dollar amount (a) enter percentages % (b) 2. $200 $enter a dollar amount (c) $92 enter percentages % (d) 3. $enter a dollar amount (e) $enter a dollar amount (f) $805

Answers

Answer:

(a) $620

(b)  40%

(c) $208

(d) 31%

(e) $2,683

(f) $1,878

Explanation:

Use the following formula to calculate the unit contribution margin

Unit Contribution Margin = Unit Selling Price - Uni variable cost

Use the following formula to calculate the contribution margin ratio

Contribution Margin ratio = ( Unit Contribution margin / Unit Selling Price ) x 100

The working for the question is attached with this answer please find it.

1. ¿Una pequeña panadería que elabora 1,000 panes diarios, podría implementar una gestión de compras para la adquisición de sus insumos? ¿En qué le puede beneficiar?

Answers

La respuesta correcta para esta pregunta abierta es la siguiente.

. Definitivamente, una pequeña panadería que elabora 1,000 panes diarios, puede implementar una gestión de compras para la adquisición de sus insumos.

> La manera en la que esta pequeña panadería se puede beneficiar es que estaría implementando un sistema administrativo y operativo ya estructurado que le beneficiaría para eficientar mejor los recursos y organizar mejor sus operaciones.

> Una gestión de compras es una forma efectiva de implementar un procedimiento más productivo en el manejo de los recursos.

> Por medio de esta gestión de compras, el dueño o jefe de la panadería va a poder establecer con claridad un calendario para saber qué cantidad de masas comprar, cuántos kilos, cada cuándo, y con qué proveedores, quienes ofrezcan un mejor precio para los insumos.

Sin duda, aunque sea una pequeña panadería, los beneficios de implementar un sistema de gestión de compras convertiría a este pequeño negocio en una empresa más formal y la ayudaría a prepararse para cuando tuviera que aumentar sus operaciones o pensar en la apertura de una segunda sucursal.

Aprende más sobre este tema aquí:

https://brainly.com/question/16307829?referrer=searchResults

Tobias has a brokerage account and buys on the margin, which resulted in an interest expense of $52,000 during the year. Income generated through the brokerage account was as follows: Municipal interest $104,000 Taxable dividends and interest 520,000 If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. How much investment interest can Tobias deduct

Answers

Answer: $43,160

Explanation:

The amount of investment interest that can be deducted is:

= Interest expense * Proportion of total income that is taxable

Municipal interest is not taxable so the proportion of total income that is taxable is:

= Taxable dividends and interest / Total income

= 520,000 / (520,000 + 104,000)

= 0.83

Amount of investment interest that is deductible:

= 52,000 * 0.83

= $43,160

A horizontal merger between two firms occurs when: __________

a. the products of the merging firms were not related in any manner before the merger.
b. one firm is a producer of products, and the other firm is a producer of services.
c. one firm is a domestic firm, and the other is a foreign company
d. the firms stood in a buyer-seller relationship before the merger.
e. the merger partners were competitors.

Answers

Answer:

e

Explanation:

A merger can be described as the absorption of one firm by another firm.

When a merger occurs, one of the firms would not exist as a separate entity while the other firm would continue to exist.

Types of merger

1. Horizontal merger : this is a type of merger that occurs between firms in the same industry. The firms are usually competitors.

Reasons for an horizontal merger

It is done to increase the market power of a firmThis type of merger is done to achieve economies of scale.

An example of an horizontal merger is the merger between Mobil and Exxon in 1999.

2. Vertical merger : this is when a firm purchases another firm in the same production line. e.g. a baker purchases a pastry distributing company

Reasons for a vertical merger

Cost savingsIt provides the firm acquiring a greater control of the production process.

Types of vertical merger

a. Backward integration : it is when the acquiring firm purchases a firm ahead of it in the production process. e.g. a baker purchases a pastry distributing company

b. Forward integration : it is when the acquiring firm purchases a firm that is behind it in the production process. e.g. a baker purchases a firm that supplies grains

3. Conglomerate merger : This occurs when the products of the merging firms were not related in any manner before the merger.

How much does international trade affect you personally?

Answers

Answer:

maybe a lot for me ok

maybe you

Sheridan Industries reported actual sales of $2,125,000 and fixed costs of $562,275. The contribution margin ratio is 30%. Compute the margin of safety in dollars and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 52.7.)

Answers

Answer:

Margin of safety $250,750

Margin of safety ratio 11.8%

Explanation:

Computation for the margin of safety in dollars and the margin of safety ratio

First step is calculate the Break even point in dollars

Break even point in dollars = Fixed costs / Contribution margin ratio

Break even point in dollars=$562,275/0.30

Break even point in dollars = $1,874,250

Now let determine the the margin of safety in dollars and the margin of safety ratio

Margin of safety = Actual Sales - Break even sales

Margin of safety= $2,125,000 -$1,874,250

Margin of safety=$250,750

Margin of safety ratio= Margin of safety/Actual Sales

Margin of safety ratio = $250,750/$2,125,000

Margin of safety ratio = 0.118*100

Margin of safety ratio = 11.8%

Thereforethe margin of safety in dollars and the margin of safety ratio will be:

Margin of safety $250,750

Margin of safety ratio 11.8%

der owns a hamburger restaurant. Slider's minimum average variable cost is $10$ 10 at a quantity of 100 hamburgers, and his minimum average total cost is $15$ 15 at a quantity of 200 hamburgers. His total fixed cost is $300$ 300 . Use this information to answer the questions. What is Slider's AVC when he sells 200 hamburgers?

Answers

Answer:

$13.50

Explanation:

Average Total Cost = Average Variable Cost + Average Fixed Cost

Average Fixed Cost = total fixed cost / quantity

300 / 200 = 1.5

15 = 1.5 + Average Variable Cost

Average Variable Cost =15 - 1.5 = 13.50

An employee earned $1,000 in the first pay period of the current year. How much is the total employer and employee social security taxes on these earnings? (Use the simplified rate shown in illustrations.)

Answers

Answer: $120

Explanation:

The total employer and employee social security taxes is 6% fir the employee and 6% for the employee which then makes up 12%.

Since the employee earned $1,000 in the first pay period of the current year, then the total employer and employee social security taxes on these earnings will be:

= 12% × $1000

= 0.12 × $1000

= $120

A lender uses these tools to help prequalify you for a mortgage

Answers

Answer:

Following are the summary of tools/documents that are used by lenders to pre-qualify their customers for a mortgage :

1. Tax returns, W-2s, and 1099s are examples of income as well as employment records.

2. Bank, pension, and brokerage accounts property declarations

3. Settlements on your obligations on a regular basis as well as any real estate debt statements.

4. Rent deposits, divorce, insolvency, and repossession records are all kept on file.

A firm has inventory of $11,400, accounts payable of $9,800, cash of $750, net fixed assets of $13,125, long-term debt of $9,500, accounts receivable of $6,600, and total equity of $11,700. What is the common-size percentage for the inventory?

Answers

Answer:

39.19%

Explanation:

Calculation to determine the common-size percentage for the net fixed assets

Using this formula

Common-size percentage=Net fixed assets /(Inventory+Cash+Net fixed assets+Accounts receivable )

Let plug in the formula

Common-size percentage=$12,150 / ($11,400 + $850 + $12,150 + $6,600)

Common-size percentage= 39.19%

Therefore the common-size percentage for the net fixed assets is 39.19%

The price of lemonade is $1.50; the price of popcorn is $0.75. If Fred has maximized his utility by purchasing lemonade and popcorn, his marginal rate of substitution will be: Group of answer choices 1/2 lemonade for each popcorn. indeterminate unless more information on Fred's marginal utilities is provided. 2 lemonades for each popcorn. none of these options is correct

Answers

Answer: 1/2 lemonade for each popcorn

Explanation:

Price of lemonade = $1.50

Price of popcorn = $0.75

Let good 1 = popcorn

Let good 2 = lemonade

MRS = MU1/MU2 = P1/P2

= 0.75/1.50

= 1/2

Therefore, the marginal rate of substitution will be 1/2 lemonade for each popcorn.

Therefore, the correct option is A.

what is a computer and its impact to society

Answers

Explanation:

computers have changed the way people relate to one another and their living environment as well as how humans organise their work and their time

Question 4 James Bennett also allocates wealth between youth and old age. He has no cash currently (in his youth), but will inherit $3000 in his old age. He can lend and borrow at the bank at 18% (that is, lending $1 in youth will give him $1.18 in old age). He has an investment opportunity that costs $12,000 now in his youth and has a payoff of $15,000 in his old age. This is the only investment opportunity available to him. What is the most he can consume in his youth

Answers

James Bennet needs us to locate investment opportunities for him.

James divides his fortune between youth and old age, as is shown to us. He is currently cashless.

He has access to bank borrowing and lending at 18%.

Some investment opportunities are presented to him.

Investing is the act of placing money into a bank, a piece of property, or a company.

Savings can also take the form of investments.

The most he should spend while still young is $15,254.23.

This calculation is displayed.

The future value is the present value times 1.18.

Future worth = $15,000 + $3,000

= $ 18,000

Therefore, the present value is equal to $18,000 divided by 1.18.

= $ 15, 254.23.

The value that represents today's value is referred to as present value.

Consequently, we might infer that the greatest amount is $15,254.23 that he can spend during his childhood.

Learn more about  present value here

https://brainly.com/question/26039180

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