Answer:
$132,920
Explanation:
Annual demand D = 30,000
Order quantity Q = 5,000
Annual holding cost per unit H = $0.80
Annual holding cost = (Q/2)*H
Annual holding cost = (5,000/2)*$0.80
Annual holding cost = 2,500 * $0.80
Annual holding cost = $2,000
Annual shipping cost = $5,000
Unit cost = $4.00
Annual admin cost = $4,000
Lead time cost = (Lead Time*H*D)/Weeks per year
Lead time cost = 4*$0.80*30,000/ 50
Lead time cost = $1,920
Cost of product = Unit cost * D
Cost of product = $4 * 30,000
Cost of product = $120,000
Total cost = Total order cost + Holding cost + Admins cost + Cost of product + LT cost
Total cost = $5,000 + $2,000 + $4,000 + $120,000 + $1,920
Total cost = $132,920
Thus, the total annual costs given a shipment quantity of 5,000 gallons from Sharps is $132,920
On January 1, 2021, Poole Inc. purchased a bottle filler at a cost of $40,000. The equipment is expected to last eight years and have a residual value of $4,000. During its eight-year life, the equipment is expected to produce 250,000 units of product. In 2021 and 2022, 42,000 and 76,000 units, respectively, were produced. Required: Compute depreciation for 2021 and 2022 and the book value of the bottle filler at December 31, 2021 and December 31, 2022, assuming the double-declining-balance method is used.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $40,000
Salvage value= $4,000
Useful life= 8 years
To calculate the depreciation per year using the double-declining balance method, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2021:
Annual depreciation= 2*[(40,000 - 4,000) / 8]
Annual depreciation= $9,000
Book value= 40,000 - 9,000= $31,000
2022:
Annual depreciation= 2*[(36,000 - 9,000) / 8]
Annual depreciation= $6,750
Book vale= 31,000 - 6,750= $24,250
Inheriting someone else’s _______ is one of the drawbacks of buying an existing business.
You make a business plan _______ you open your business.
Kinkos is an example of a _______.
One of the challenges of a new business is coming up with a workable _______.
Based on your reading, respond to the following.
List two ways to reduce the feeling of loneliness that can occur when you have your own business.
List two of the three “pro” reasons for starting your own business.
Answer:
problems
before
franchise
idea
Any two of these:
Make time to meet with clients instead of talking on the phone.
Join a business networking group.
Take business colleagues or prospects out to lunch at least once a week.
Teach a workshop in your field at the community college.
Any two of these
Freedom
Creativity
Profit
Explanation:
pf
The correct will be Answer:
Problems Before Franchise Idea Any of the two of these: When Make time to meet with the clients instead of talking on the phone. Then Join to a business with networking group. Take any business colleagues or and prospects out to lunch at least once a week. Teach any subject to a workshop in your field at the community college. The three “pro” reasons for starting your own business. Any two of these Freedom Creativity Profitself-employedLearn more about:
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Use the following information for Jake Company: Sales Revenue .......................................... $2,000,000 Interest/Dividend Revenue .................. 50,000 Cost-of-Goods- Sold ............................ 1,000,000 Selling and Administrative Expenses.. 200,000 Loss on Discontinued Operations ..... 100,000 Unearned Revenue .............................. 100,000 What is Net Income for the Year Ended December 31, 2020 (ignore taxes)
Answer: $750,000
Explanation:
Net Income
Sales Revenue 2,000,000
Interest/ Dividend Revenue 50,000
2,050,000
Cost of Goods sold (1,000,000)
Selling and Admin expenses (200,000)
Loss on Discontinued (100,000)
Net Income $750,000
Do you think that the United States Federal Reserve has too much power and influence over our economy? Why or why not?
Suppose Goodyear Tire and Rubber Company is considering divesting one of its manufacturing plants. The plant is expected to generate free cash flows of $1.5 million per year, growing at a rate of 2.5% per year. Goodyear has an equity cost of capital of 8.5%, a debt cost of capital of 7%, a marginal corporate tax rate of 35%, and a debt-equity ratio of 2.6. If the plant has average risk and Goodyear plans to maintain a constant debt-equity ratio, what after-tax amount must it receive for the plant for the divestiture to be profitable
Answer:
$47.77 million
Explanation:
We can calculate levered value of the plant using Weighted Average Cost of Capital
rWACC = E/E+D*rE + D/E+D*rd(1-rc)
Equity cost of capital (rE) = 8.5%, Debt cost of capital (rc) = 7%, Marginal corporate tax rate (tc) = 35%, Debt equity ratio = 2.6
Goodyear's WACC = 1/1+2.6*8.5% + 2.6/1+2.6 * 7% *(1-35%)
= 0.0236 + 0.0328
= 0.0564
= 5.64%
The free cash flow of $1.5 million growing at a rate of 25% per year for the plant can be valued as a growing perpetuity.
Divestiture(Vl) calculation is as follows
Vl = Cash flow / rWACC - G
Vl = 1.5 million / 5.64% - 2.5%
Vl = 1.5 million / 3.14%
Vl = $47.77 million
So, Goodyear Tire and Rubber Company must receive $47.77 million for the divestiture to be profitable.
When a business is worth more if its assets are sold than if it continues to operate, then the business is liquidated, and the proceeds from the sale are used to satisfy any outstanding debt. Liquidation occurs when businesses file for bankruptcy under Chapter 7 of the Federal Bankruptcy Reform Act. This act provides for an equitable distribution of the debtor's assets among the creditors. The distribution of assets i:s governed by a certain priority of claims. Which of the following claimants has the highest priority according to Chapter 7? A. State taxes due B. Unsecured claims for customer deposits C. Wages due before three months of filing D. Legal and administrative fees to operate the bankrupt firm
Answer:
D. Legal and administrative fees to operate the bankrupt firm
Explanation:
Under chapter 7, priority debt includes unpaid wages, child support, income taxes, etc. But before any priority debts, non-priority debts or secured or unsecured loans are paid, the bankruptcy court and trustee is paid first. In other words, you must first pay the administrative fees and expenses resulting from the bankruptcy procedure before any debts are paid off. The trustee is the person appointed to liquidate the firm.
I just wanna know how do you know the percentage please help,,,,,Marble Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,700. The machine requires special mounting and wiring connections costing $11,700. When installing the machine, $3,000 in damages occurred. Materials costing $3,200 are used in testing and adjusting the machine to produce a satisfactory product. Compute the cost recorded for this machine assuming Marble paid within the discount period. I just want to know how do you know the percentage no one explains!! Thank you
Answer:
$150,253.00
Explanation:
The cost to be recorded will include all the direct cost of installing the machine less the discount allowed.
The total cost of the machine will be
cost price $137,000
Freight charges $3,700
mounting & wires $11,000
testing materials $3,200
Total cost $154,900
The machine was paid with the discount period. The tern3/10, n 30 means that the buyer will get a 3% discount if they pay with ten days of the invoice date. Full payment is expected within 30 days if the buyer does not pay within ten days.
the discount amount will be 3% of $154,900
=3/100 x $154,900
=0.03 x $154,900
=$4,647.00
the amount recorded will be
=$154,900.00 - $4,647.00
= $150,253.00
The Willie Company has provided the following information: Operating expenses were $345,000; Income from operations was $415,000; Net sales were $1,100,000; Interest expense was $71,000; Loss from sale of investments was $87,000; Income tax expense was $58,000. What was Willie's net income
Answer:
net income = $199,000
Explanation:
In order to calculate net income, we will first start with EBIT or income from operations and then subtract income tax expense, loss from sale of investments and finally income taxes:
EBIT = $415,000Interest expense = $71,000Loss from sale of investments = $87,000Income tax expense = $58,000Net income = $199,000Gross profit is deducted from net income, as are any other expenditures and costs, as well as any other earnings and revenue sources not shown in gross profit.
For the net income according to the following question is shown in the image.
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A zero coupon bond pays no interest-only it face value of $1,000 at maturity. One such bond has a maturity of 18 years and an initial price of $130. What annual interest rate is earned if the bond is bought when issued and held to maturity?
Answer:
12%
Explanation:
FV = PV*(1+i)^n
FV = 1000, PV = 130, i = annual interest rate, n = 18
∴ 1000 = 130*(1+i)^18
==> (1+i)^18 = 1000/130
==> 1+i = (1000/13)^(1/18)
i = 1.12001895 - 1
i = 0.12
i = 12%
Thus, the annual interest rate is 12%
Explain the tax implications of compensation in the form of salary and wages from the perspectives of the employee and employer.
Answer:
The overview including its situation becomes discussed below.
Explanation:
Representatives provide Form W-4 continue providing recruitment information to another boss. Staff may use the W-4 to track retention mostly during the period as persistence becomes handled as if it has been maintained similarly mostly during the period again for benefits of the imposed fee. Employer's post-tax benefit of wages seems to be the benefit of employment minus the charitable donation of compensation. Throughout the case of open marketplace collaborations, the task presumption towards anti-performance compensation charged to something like the CEO as well as the 3 although the most deeply compensated officials, except the CFO, increases limited to $1,000,000 per individual annually.Park Hyatt Philadelphia has 118 king/queen rooms that it offers to both leisure and business travelers. With leisure travelers in mind, the Hyatt offers a $125 low fare for a midweek stay, which contrasts with the regular fare of $300. The forecasted demand for business travel is normally distributed with a mean of 60 customers and standard deviation of 20 customers. Assuming that leisure travelers always reserve their rooms earlier than business travelers. To maximize the revenue, the Hyatt decides to save some rooms for business travelers. The optimal number of rooms protected should be:__________ a. <60 b. >118 c. >60 d. =60
Answer:
c. >60
Explanation:
Given that:
Overage (CO) = 125
Shortage (CS) = 300
The Service level = [tex]\dfrac{CS}{CS+CO}[/tex]
[tex]=\dfrac{300}{300+125}[/tex]
[tex]=\dfrac{300}{425}[/tex]
= 0.7059
The Z value of 0.7059 is 0.55
where;
the mean [tex]\mu[/tex] = 60
the standard deviation [tex]\sigma[/tex]= 20
Optimal booking = [tex]\mu +(Z \times \sigma)[/tex]
Optimal booking = 60 + (0.55 × 20)
Optimal booking = 60 + 11
Optimal booking = 71
Which education and qualifications are most helpful for Revenue and Taxation careers? Check all that apply.
leadership skills
customer-service skills
adaptability and flexibility
integrity
math skills
foreign language skills
knowledge of finance laws
CORRECT ANSWERS:
Customer service skills
Integrity
Math skills
Knowlage of finance
Answer:
Customer service skills
Integrity
Math skills
Knowledge of finance
Explanation:
Answer:
1. Customer service skills 2. Integrity 3. Math skills
4. Knowledge of Finance
Explanation:
I got it right on edg
When Larinda returned from training, her manager did ask how her training went but gave her a very heavy workload. We can argue that Larinda's job has a _____ climate.
Answer:
Poor transfer climate.
Explanation:
The transfer climate can be defined as a trait in working environment which may either advance or impede the application of the trained skills. It is a corporative culture that aids empolyees to transfer their the skills and knowledge they have acquired from the training and incorporate it into their work place.
In the given case, one can argue that Larinda's working place has a poor transfer climate because her manager gave her a very heavy workload to do. Larinda has just returned from training and for getting good performance out of Larinda's trained skills, her manager need to slowly incorporate her skills in job setting.
Therefore, poor transfer climate is the correct answer.
A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following transactions:______. (A) paid a note payable using $11,500 cash (no interest was paid); (B) collected a $10,500 accounts receivable; (C) paid a $5,300 accounts payable; and (D) purchased a truck for $5,300 cash and by signing a $21,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following?Assets Liabilities Stockholders's Equity$163,000 $77,700 $85,300Assets Liabilities Stockholders's Equity$153,000 $61,500 $91,500Assets Liabilities Stockholders's Equity$174,500 $105,100 $69,400Assets Liabilities Stockholders's Equity$157,700 $66,200 $91,500
Answer:
ohh umm i know this is hard but you need to read the story if yoyr fone reading the story all the answer is on tg stirt
International trade is the subject of much debate. Many economist favor encouraging international trade, citing the benefits gained by trade. However, there are economic arguments for limiting international trade with protectionism. Classify the given statements into the appropriate category. Arguments for promoting international trade Arguments for limiting international trade with protectionism
Answer:
the arguments are missing, so I looked for similar questions and found:
The ability of a nation to consume more than it can produce domestically. ⇒ ARGUMENT FOR PROMOTING INTERNATIONAL TRADE. Excess production should be exported. The infant industry argument. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Certain new industries should be protected until they mature and become leaders. Changes in productivity associated with specialization. ⇒ ARGUMENT FOR PROMOTING INTERNATIONAL TRADE. As specialization occurs, production output increases allowing for trade benefits. The potential for other governments to subsidize firms, enabling them to charge lower prices than domestic firms can. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Since other countries subsidize their exports, we should impose tariffs to level the market. The national defense/interest argument. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Some sectors are important and should be protected. Job loss in some labor markets. / Worries about domestic labor markets. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Imported goods result in people losing their jobs.is considering permanently shiutting down a department that has an annual contribution margin of $25,000 and $75,000 in annual fixed costs. Of the fixed costs, $19,500 cannot be avoided. What would the annual financial advantage (disadvantage) for corp. if the company shuts down the department
Answer:
Avoidable fixed costs = $75,000 - $19,500 = $55,500
Segment margin = Contribution margin - Avoidable fixed costs
Segment margin = $25,000 - $55,500
Segment margin = -$30,500
If the department were eliminated, the company would eliminate the department's negative segment margin of $30,500
Why are stocks considered a high-risk form of investment?
Answer:
A.
The value of stocks can rise and fall unpredictably
Explanation:
bear a coupon of 6 percent, payable semiannually. The bond matures in 20 years and has a $1,000 face value. Currently, the bond sells at $955. The yield to maturity (YTM) is
Answer:
6.4022%
Explanation:
The computation of the yield to maturity is as follows;
Here we applied the RATE formula
Given that
NPER = 20 × 2 = 40
PMT = $1,000 × 6% ÷ 2 = $30
PV = $955
FV = $1,000
The formula is shown below
= RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the yield to maturity is
= 3.2011% × 2
= 6.4022%
5 Disadvantage of sole proprietorship?
Pilfer Company acquired 90 percent ownership of Scrooge Corporation in 20X7, at underlying book value. On that date, the fair value of noncontrolling interest was equal to 10 percent of the book value of Scrooge Corporation. Pilfer purchased inventory from Scrooge for $90,000 on August 20, 20X8, and resold 70 percent of the inventory to unaffiliated companies on December 1, 20X8, for $100,000. Scrooge produced the inventory sold to Pilfer for $67,000. The companies had no other transactions during 20X8.
Based on the information given above, what amount of sales will be reported in the 20X8 consolidated income statement?
A) $90,000
B) $120,000
C) $100,000
D) $67,000
Answer:
C) $100,000
Explanation:
Based on the information given we were told
that the inventory Purchased by Pilfer from
Scrooge was RESOLD to companies that they are unaffiliated to on December 1, 20X8 for the amount of $100,000 which means that the amount of sales that will be reported in the 20X8 CONSOLIDATED INCOME STATEMENT
will be inventory amount of $100,000 that was resold to the unaffiliated companies.
The amount of sales will be reported in the 20X8 consolidated income statement is $100,000.
The calculation is as follows:Since 70% of the goods are sold of the price of $100,000 therefore we can say that in the consolidated income statement, the sales amount is $100,000.
Therefore, the correct option is C.
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Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects 9% sales tax. Record the entry for the $16,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.View transaction list Journal entry worksheet < 1 2 3 >Record the cash sales and 7% sales tax. Note: Enter debits before credits. Date General Journal Debit Credit Sep 30 Record entry Clear entry View general journal
Answer:
1. Dr Cash $17,440
Cr Sales $16,000
Cr Sales Taxes Payable $1,440
2. Dr Cost of Goods Sold $11,200
Cr Merchandise Inventory $11,200
3. Dr Sales Taxes Payable $1,440
Cr Cash $1,440
Explanation:
1. Preparation of the journal entry to Record the cash sale and 9% sales tax
Dr Cash $17,440
(16,000 + 1,440)
Cr Sales $16,000
Cr Sales Taxes Payable $1,440
(16,000 x 9%)
2. Preparation of the journal entry to Record the cost of September 30th sales
Dr Cost of Goods Sold $11,200
Cr Merchandise Inventory $11,200
3. Preparation of the journal entry to Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15
Dr Sales Taxes Payable $1,440
Cr Cash $1,440
(16,000 x 9%)
12. Which of the following statements are correct: A. Percentage ownership occurs with new issuance via rights offerings. B. Market value dilution occurs when the net present value of a project is negative. C. Market value dilution increases as the net present value of a project increases. D. Book value dilution has real impact on individual shareholders.
Answer:
B. Market value dilution occurs when the net present value of a project is negative.
Explanation:
In the case when the net present value is negative that represent the firm would lose its investment made that automatically reduce the valuation of the business in near future so the market again determine the current stock price also there would be decrease in the market value of the stock so here the dilution would be taken place
Therefore the option B is correct
What trait are narcissists likely to have that is associated with leader emergence but not effectiveness?
a. high neuroticism
b. low openness to experience
c. high creativity
d. high introversion
e. low agreeableness
Answer:
c. high creativity
Explanation:
Narcissistic personality disorder is characterized by the behavior of an individual who has a great need to feel admired, this individual has a mental disorder that leads him to have an exacerbated perception of himself and his characteristics, having a vanity and a sense of very strong self-importance.
The characteristic that narcissists probably have and is associated with the emergence of the leader, but not effectiveness, may be high creativity, as such individuals can be creative in the sense of self-valuing themselves and their personal achievements, leading to even making up stories to feel valued, while the creativity present in a leader is focused on a vision of the business and management of a company and people, so it is correct to say that a leader's creativity aims to make business more efficient and improve working conditions of its employees.
Given the following production data, calculate the equivalent units of production. (Answers must be entered as numbers only without spaces, dollar signs, commas, decimals, etc. Example: 50000) Production Flow Percent Complete Units Materials Conversion Work in process, beginning inventory 200 55% 30% Units started this period 5,000 Total units: 5,200 Completed and transferred units this period 4,800 100% Work in process, ending inventory 400 40%
Answer:
Weighted Average Equivalent Units Materials 4960 Conversion 5200
Fifo Equivalent Units Materials 4850 Conversion 5140
Explanation:
Normally weighted average method is used when not specified.
Production Flow Percent Complete
Units Materials Conversion
WIP beginning inventory 200 55% 30%
Units started this period 5,000
Total units: 5,200
Completed and transferred 4,800 100%
Work IP, ending inventory 400 40%
Using Weighted Average method for Equivalent Units we add the completed units with the ending inventory
Particulars Units Materials Conversion
Completed 4800 4800 4800
+ WIP Ending 400 160 400
Equivalent Units 4960 5200
Materials EWIP = 400*40%= 160
Conversion EWIP= 400*100 %=400
If we use FIFO method then we deduct the beginning inventory from the weighted average method equivalent unit production
Particulars Units Materials Conversion
Completed 4800 4800 4800
+WIP Ending 400 160 400
- BWIP 200 110 60
Equivalent Units 4850 5140
Materials BWIP = 200*55%= 110
Conversion EWIP= 200*30%= 60
A share of stock gives the owner with other owners the right to pick the management of the company. does not promise a fixed annual payment. is a fractional ownership of the firm. all of the above.
Answer:
all of the above.
Explanation:
The share of the stock provides the following things like
a. Have the opportunity to pick the company management with the other owners
b. It does not provide the fixed annual payment it is variable annual payment
3. In addition to this, it has the fractional firm ownership
Based on the above things, the correct option is the last one
Hence, the same is to be considered
Randy W. recently won the Western States Lottery. The lottery pays either a total of twenty $325,000 payments per year with the first payment today (i.e., an annuity due), or $3,500,000 today. At what interest rate would Randy be financially indifferent between these two payout choices?
Answer: 8.92%
Explanation:
The interest rate that would make Randy indifferent is the one that will discount the twenty payments of $325,000 to $3,500,000 today.
Use Excel's Rate function to find this rate;
=RATE (No of periods, annual payments, present value, future value, Annuity due = 1)
=RATE(20,350000,-3500000,0,1)
= 8.92%
Materials used by Jefferson Company in producing Division C's product are currently purchased from outside suppliers at a cost of $10 per unit. However, the same materials are available from Division A. Division A has unused capacity and can produce the materials needed by Division C at a variable cost of $7.50 per unit. A transfer price of $8.50 per unit is negotiated and 30,000 units of material are transferred from Division A to Division C, with no reduction in Division A's current sales. How much would Jefferson's total income from operations increase
Answer:
$75,000
Explanation:
Since both divisions are part of Jefferson Company, intercompany sales cannot yield a profit once the balance sheet is consolidated. In this case, Jefferson Company is saving $10 - $7.50 = $2.50 per unit and since it needed 30,000 units, it saved a total of $2.50 x 30,000 = $75,000. Whenever you save money, your profits will increase by the same amount.
Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $5,000 for direct materials, $8,000 for direct labor, and $6,000 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $2,500 for direct materials and $4,000 for direct labor.
Required:
Calculate the overhead cost be added to Job W at year-end
Answer:
$3,000
Explanation:
Predetermined Overhead rate = Total estimated overhead cost / Allocation base
Predetermined Overhead rate = Total estimated overhead cost/Total estimated labor cost * 100
Predetermined Overhead rate = 6,000/8,000 * 100
Predetermined Overhead rate = 0.75 * 100
Predetermined Overhead rate = 75%
Overhead cost to be added to Job W at the year-end = Direct labor cost for Job W * Predetermined overhead rate = $4,000 * 75% = $3,000
Multiple Choice Question 54 Outstanding stock of the Sunland Corporation included 21100 shares of $5 par common stock and 10550 shares of 5%, $10 par non cumulative preferred stock. In 2019, Sunland declared and paid dividends of $4000. In 2020, Sunland declared and paid dividends of $12600. How much of the 2020 dividend was distributed to preferred shareholders
Answer:
$5,275
Explanation:
Preferred stock dividend = 10,550 shares * $10 * 5%
Preferred stock dividend = 10,550 * 10 * 5%
Preferred stock dividend = $5,275
So therefore, the dividend distributed to preferred shareholders in 2020 was $5,275
Rather than using an institutional loan, a seller extends credit to a buyer and the buyer gives the seller a deed of trust. This would be known as a/an:______
Answer:
The correct solution would be "Purchase money loan ".
Explanation:
The purchasing money allowance would be granted by that of the producer to the consumer of such the property. This is also considered as financing by the seller as well as by the owner. Those other loans are mostly utilized by borrowers who've had difficulty applying for something like a conventional mortgage leading to negative performance.