Answer:
$30,000
Explanation:
See solution below.
Sells as it is
Sales $89,500
Additional processing cost ($68,000)
Net profit or loss = $39,500
To process further
Sales (2,150 units × $435) $935,250
Additional processing cost
$68,000 + (2,150 units × $250) ($537,568)
Net profit loss $397,682
Minion, Inc., has no debt outstanding and a total market value of $344,400. Earnings before interest and taxes, EBIT, are projected to be $49,000 if economic conditions are normal. If there is strong expansion in the economy, then EBIT will be 17 percent higher. If there is a recession, then EBIT will be 26 percent lower. The company is considering a $175,000 debt issue with an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 8,200 shares outstanding. Assume the company has a market-to-book ratio of 1.0 and the stock price remains constant.a. Calculate earnings per share (EPS) under each of the three economic scenarios before any debt is issued. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the percentage changes in EPS when the economy expands or enters a recession. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
A. $5.97
$6.99
$4.42
B. 17%
26%
Explanation:
A. If Economy conditions are normal
$49,000 / 8,200 shares = $5.97 each
If Economy expands
$49,000 * 117 / 100 = $57,330
$57,330 / 8,200 shares = $6.99 each
If Economy is in recession
$49,000 * 74 / 100 = $36,260
$36,260 / 8,200 = $4.42 each
B.
If Economy expands
$6.99 - $5.97 = $1.02
$1.02 / $5.97 * 100 = 17%
If Economy is in recession
$4.42 - $5.97 = -$1.55
-$1.55 / $5.97 = -26%
Suppose the working-age population of a fictional economy falls into the following categories: 30 are retired; 45 are stay-at-home parents; 120 are employed full time; 40 are employed part time; 25 are unemployed but are actively looking for employment; 15 are unemployed and are not actively looking for employment. The official unemployment rate as calculated by the BLS would be
Answer:
The unemployment rate is 13.51%
Explanation:
The computation of the unemployment rate is as follows;
But before that following calculations need to be done
Labor Force is
= 120 + 40 + 25
= 185
And, the unemployed would be 25
Now the unemployment rate is
= unemployed ÷ Labor Force
= 25 ÷ 185
= 13.51%
hence, the unemployment rate is 13.51%
What is the best source of information to use when purchasing a new car?
O Social media posts
O Car salesman on the lot
O Advertisement in a car magazine
O Unpaid reviews on reputable car sites
Option D. Unpaid reviews on reputable car sites
What sources of information do you have about cars?Awards and rankings. There are many awards and many websites publish rankings of vehicles in different categories.
NHTSA or IIHS. These two organizations evaluate the safety of new cars.
Government website.
Understanding how a car works can help you drive more safely, reduce the risk of accidents, and extend the life of your car. For example, if you know how brakes wear over time, you can identify signs of wear early and replace them before increasing the risk of brake failure.
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Blue Company acquired a manufacturing facility on four acres of land for a lump-sum price of $8,400,000. The building included used but functional equipment. Blue Company intended to use the manufacturing facility in its future operatioins. According to independent appraisals, the fair values were $3,480,000, $3,480,000, and $4,640,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be: Building Land Equipment a.$3,480,000 $3,480,000 $4,640,000 b.$3,480,000 $3,480,000 $580,000 c.$2,520,000 $2,520,000 $3,360,000 d.None of these answer choices are correct. Multiple Choice Option C Option B Option A Option D
Answer: c.$2,520,000 $2,520,000 $3,360,000
Explanation:
Sum the fair values from the independent appraisals up;
= 3,480,000 + 3,480,000 + 4,640,000
= $11,600,000
The proportion of the individual fair value to the total fair value can then be used to calculate the originals from the lump sum;
Building
= 3,480,000/11,600,000 * 8,400,000
= $2,520,000
Land
= 3,480,000/11,600,000 * 8,400,000
= $2,520,000
Equipment
= 4,640,000/11,600,000 * 8,400,000
= $3,360,000
Your company purchases new equipment for $80,000 and depreciates it on a straight line basis over a 5 year period resulting in annual depreciation expense of $16,000. At the end of the 4th year, a buyer purchases it from your company for $30,000. If your company's marginal tax rate is 40%, what is the after tax cash flow or after tax salvage value at the end of year 4
Answer:
$24,400
Explanation:
The computation of the after tax salvage value at the end of year 4 is shown below:
Before that following calculation need to be determined
Book value = Cost - Accumulated depreciation
= $80,000 - ($16000 × 4 years)
= $16,000
Now gain on sale is
= $30,000 - $16,000
= $14,000
Now
After-tax cash flow is
= Sale proceeds - (Tax rate × Gain on sale)
= $30,000 - ($14000 × 40%)
= $24,400
As a result of a decrease in the demand for U.S. dollars, there has been depreciation in the value of the U.S. dollar relative to Peruvian neuvo sol. The depreciation in the U.S. dollar has benefitted some groups but harmed others. Indicate which of the groups are winners and which are losers from the standpoint of the depreciation of the U.S. dollar. A. Todd, an American, goes to visit Peru for spring break. B. An investment bank in Peru is interested in purchasing U.S. government bonds. C. Goodyear, a firm based in the United States, sells car tires in Peru. D. A family from Peru visits relatives in the United States. E. A firm from Peru sells handbags in the United States. F. An electronics manufacturer based in the United States, purchases a high tech company in Peru.
Answer: See explanation
Explanation:
A. Todd, an American, goes to visit Peru for spring break.
Todd is a loser. This is because more expenses will be incurred on the trip.
B. An investment bank in Peru is interested in purchasing U.S. government bonds.
The investment banker is a winner. This is because there's an appreciation of the currency on the part of the investment banker and therefore will be able to purchase more bonds.
C. Goodyear, a firm based in the United States, sells car tires in Peru.
Goodwill is a winner. This is because as an exporter, the company will make more profit as there'll be a rise in the export.
D. A family from Peru visits relatives in the United States.
They are winners as they'll get more dollars now.
E. A firm from Peru sells handbags in the United States.
This is a loser as less revenue will be made due to depreciation.
F. An electronics manufacturer based in the United States, purchases a high tech company in Peru.
This is a loser as well.
Jacobs Company has warrants outstanding, which are selling at a $3.00 premium above intrinsic value. Each warrant allows its owner to purchase one share of common stock at $26. If the common stock currently sells for $30, what is the warrant price? (Round your answer to 2 decimal places.) $11.00 $7.00 $8.00 $10.00
Answer: $7.00
Explanation:
Based on the information provided in the question, the warrant price would be calculated as the addition of the premium which is above the intrinsic value and the paid in excess of the common stock. This will be:
= $3 + ($30 - $26)
= $3 + $4
= $7.00
Kaelyn's mother, Judy, looks after Kaelyn's four-year-old twins so Kaelyn can go to work (she drops off and picks up the twins from Judy's home every day). Since Judy is a relative, Kaelyn made sure, for tax purposes, to pay her mother the going rate for child care ($6,460 for the year). What is the amount of Kaelyn's child and dependent care credit if her AGI for the year was $37,600
Answer:
Kaelyn's child and dependent care credit is:
$2,100.
Explanation:
a) Data and Calculations:
Going rate for child care for twins = $6,460
Maximum allowed = $6,000
Kaelyn's AGI for the year = $37,600
Percentage of child and dependent care credit = 35% of the allowed maximum for two children
b) The maximum qualified child and dependent care expense is $6,000 ($3,000 each) that Kaelyn can claim for the twins. Therefore, her child and dependent care credit is 35% of $6,000, which equals $2,100.
Tom is a loan officer that persuades Jerry to sign up for an exotic mortgage that turns out to be very expensive for him and probably not the best financial choice. This is an example of an action that:_____
Answer: is legal but ethically questionable
Explanation:
Th information given in the question is an example of an action that is legal but ethically questionable.
This is because exotic mortgage will be profitable for the mortgage firm and the loan officer will benefit from these but on the other hand, Jerry did not make the best financial decision as he may feel the impact of the decision in a negative way. Even though what Tom did is legal, ethically, it is wrong.
People do things for several reasons. This is an example of an action that is legal but ethically questionable.
The fact that a thing is legal but sometimes they are not ethical. Example is not keeping a promise is legal, but it is thought to be an unethical behavior.Tom's action is legal but it raise a lot of questions as to the reason he is pushing Jerry to sign up for the exotic mortgage.
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This is for my business class someone help please and thank you!
What factors beyond PEST do businesses look at?
Answer:
Legal and environmental.
Explanation:
PEST is a short form for political, economic, social, and technological factors. These are external factors likely to impact business performance. Entrepreneurs should analyze, understand them, and include their effects in business plans.
Other external factors that may affect business performance are legal and environmental.
For the legal factors, an entrepreneur should analyze the impact of possible changes in laws and legal interpretations on their businesses. In the environmental analysis, the entrepreneur should be aware of the industry's environmental regulations and restrictions. They should plan for possible changes in license limitations.
A machine costing $91,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $5,400. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar.
Answer:
(a) straight-line
deprecation expense per year = ($91,800 - $5,400) / 3 years = $86,400 / 3 years = $28,800 per year
(b) double-declining balance
depreciation expense year 1 = 2 x 1/3 x $91,800 = $61,200
depreciation expense year 2 = 2 x 1/3 x $30,600 = $20,400
depreciation expense year 3 = $20,400 - $5,400 = $15,000
Worker organizations can affect wages by:
A. advocating for higher pay for workers.
B. making workers more productive over time.
C. lowering the market value of each worker.
D. ensuring that all workers receive an education.
Worker organizations can affect wages by advocating for higher pay for workers, as the worker starts demanding for the higher wages.
What is Worker organization?Worker organizations are the established organization that shows the interest and opinion of the workers. Mainly this is for the welfare of the workers, to represent their interest about the wages and working condition in the organization.
Thus, option A is correct.
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According to arnold and bustos, which two sectors of the US economy are the mot carbon-intensive?
Answer: Transportation and electricity generation
Explanation:
According to Arnold and Bustos, the two sectors of the United States economy that are the most carbon-intensive are the transportation sector and the electricity generation sector.
The transportation sector contributes a lot to the emissions of greenhouse gas emissions as they typically come when fossil fuel for ships, vans, planes, motorcycles, cars etc are burned. Also, the generation of electricity is also carbon intensive as carbon is being powered in order to generate electricity.
Bothell Construction, LLC, Ballard Remodel, Inc., and Tim's House Painting Company agreed that on three upcoming projects, Ballard Remodel would bid lowest on one, Bothell Construction would submit the lowest bid on the second project, and Tim's House Painting would submit the lowest bid on the third project. All three discussed this and agreed that this would be the best way that each would be assured of work for the upcoming season. This behavior:
Answer:
violates ethical, but not legal, standards.
Explanation:
Sherman act was created to prohibit restrains on trade of any collusion by different parties to form a monopoly or control price.
The act does not however prohibit all restraints of trade, bit rather those that are very unreasonable and harmful to competition.
In the given scenario the three companies only agreed to bid lowest for the 3 project under consideration.
Their action does not give them unfair advantage over other firms and may even lead to a loss on their part.
They do not have a strategy that will guarantee an edge over other firms.
So this is an ethical violation but not a legal one.
Suppose that Nike creates a new UK t-shirt for the basketball season. When asked how much they w ould be willing to pay for this new shirt: Logan says he is willing to pay $30 Shelby says she is willing to pay $27 Alex says he is willing to be $25 Luke says he is willing to pay $18 Nigel says he is w illing pay $18 Emily says she is willing to pay $10 If the shirts end up selling for a price of $20, what is the total amount of consumer surplus that will occur in the market
Answer:
$22
Explanation:
consumer surplus is the difference between the price that consumers are willing and able to pay for a good versus the selling of the good:
Logan = $30 - $20 = $10Shelby = $27 - $20 = $7Alex = $25 - $20 = $5total = $22Since Luke, Nigel and Emily probably didn't buy the t-shirts, they are not included in this calculation.
The only way consumer surplus can be negative is that consumers are forced to purchase an essential good, but that is not the case here.
A.J., a 20-something college graduate, was recently hired as a financial-analyst assistant for a large company. He recalled that business school stressed that he manage his personal finances as prudently as he manages the financial concerns of his company. A.J. has come to you to assist him in developing a systematic approach to managing his own finances. As a start, your advice is to:
Answer:
prepare an expense record, and make certain that his credit is good so he can continue to spend more than he makes
Explanation:
Since in the question it is mentioned that an individual is recently hired as a financial analyst for a big company he remebered that how he can manage his personal finance and the financial concerns so in order to maintain its approach with respect to his own finance we should suggest that first prepare the record of an expense and also certain about the good credit score so that he is able to spend more
Therefore the first option is correct
Commercial banks create money throughmaking loans. facilitating borrowing from the Federal Reserve to the public. printing treasury notes. reducing risk in the economy.
Answer:
making loans
Explanation:
Commercial bank is the bank where the most of the people do their banking. Here the money is to be provided and the interest is also earned from such loans like mortgage, auto loans, business loans, personal loans, etc
Therefore as per the given situation, the commercial bank would earned by the money by providing the loans or making the loans
Hence, the first option is correct
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $50,000 or $150,000, with equal probabilities of 0.5. The alternative riskless investment in T-bills pays 5%. a. If you require a risk premium of 10%, how much will you be willing to pay for the portfolio
Answer:
A. $86,956.52
B. 15%
C.$83,333.33
Explanation:
a) Calculation for how much will you be willing to pay for the portfolio
First step is to calculate the required rate of return on the portfolio using this formula
The required rate of return on the portfolio= Risk Free Return+Risk Premium
Let plug in the formula
The required rate of return on the portfolio=5%+10%
The required rate of return on the portfolio=15%
Second step is to calculate the Expected value of the portfolio
Expected value of the portfolio= 0.5*50,000+0.5*150,000
Expected value of the portfolio =$100,000
Assuming x is the amount you will be willing to pay for the portfolio which means that:
x*(1+15%)=100,000 OR x= $86,956.52
Therefore You would be willing to pay $86,956.52 for the portfolio.
b) Calculation for What will the expected rate of return on the portfolio be
Expected return on the portfolio= (100,000-86,956.52)/86,956.52
Expected return on the portfolio=15%
Therefore the Expected return on the portfolio will be 15%
c) Calculation for What is the price you will be willing to pay now
In a situation where the risk premium is 15%, which means that the required rate of return will be
Required rate of return=5%+15%
Required rate of return=20%
Therefore the price you will be willing to pay= 100,000/(1+20%)
Price=$83,333.33
Abburi Company's manufacturing overhead is 30% of its total conversion costs. If direct labor is $105,700 and if direct materials are $24,400, the manufacturing overhead is:
Answer:
45,300
Explanation:
The manufacturing overhead is 30%
Direct labour is $105,700
Direct material is $24,400
Therefore the manufacturing overhead can be calculated as follows
The first step is to find the conversion costs
1 -30/100CC= 105,700
1-0.3CC= 105,700
0.7CC= 105,700
CC= 105,700/0.7
CC= 151,000
= 151,000-105,700
= 45,300
Hence the manufacturing overhead is 45,300
Ivanhoe Industries collected $104,000 from customers in 2020. Of the amount collected, $24,800 was for services performed in 2019. In addition, Ivanhoe performed services worth $41,600 in 2020, which will not be collected until 2021. Ivanhoe Industries also paid $72,200 for expenses in 2020. Of the amount paid, $30,200 was for expenses incurred on account in 2019. In addition, Ivanhoe incurred $40,800 of expenses in 2020, which will not be paid until 2021.
Answer:
Accrual-basis net income in 2020 = $38,000
Explanation:
Note: This question is not complete as its requirement is omitted. The complete question is therefore provided before answering the question as follows:
Ivanhoe Industries collected $104,000 from customers in 2020. Of the amount collected, $24,800 was for services performed in 2019. In addition, Ivanhoe performed services worth $41,600 in 2020, which will not be collected until 2021. Ivanhoe Industries also paid $72,200 for expenses in 2020. Of the amount paid, $30,200 was for expenses incurred on account in 2019. In addition, Ivanhoe incurred $40,800 of expenses in 2020, which will not be paid until 2021. Compute 2020 accrual-basis net income.
The explanation of the answer is now provided as follows:
In accounting, accrual basis states that revenues should be recorded when they are earned and expenses should be recorded when they are incurred.
Based on this, the 2020 accrual-basis net income of Ivanhoe Industries can be computed as follows:
Total revenue in 2020 = (Amount collected in 2020 - Amount for Services performed in 2019) + Worth of services performed in 2020 but to be collected in 2021 = ($104,000 - $24,800) + $41,600 = $120,800
Total expenses in 2020 = (Amount paid for expenses in 2020 - Amount of expenses incurred in 2019) + (Amount of expenses incurred in 2020 but to be paid in 2021) = ($72,200 - $30,200) + $40,800 = $82,800
Accrual-basis net income in 2020 = Total revenue in 2020 - Total expenses in 2020 = $120,800 - $82,800 = $38,000
A firm conducted a market analysis and determined that a new wo
will remain the same, what change should occur initially to maxim
A)
The firm should increase output.
B)
The firm should decrease output.
O
The firm should keep productivity the same.
D)
The firm should raise costs other than labor.
Bramble Corp. reported net income of $87800 for the year ended December 31, 2021. Included in net income were depreciation expense of $16500 and a gain on sale of equipment of $3600. The equipment had an historical cost of $80500 and accumulated depreciation of $48400. Each of the following accounts increased during 2021: Land $10900 Prepaid rent $14000 Available-for-sale securities $2000 Bonds payable $9500 What is the amount of cash provided by or used by investing activities for Bramble Corp. for the year ended December 31, 2021?
Answer:
net cash provided by investing activities $22,800
Explanation:
the carrying value of the equipment = $80,500 - $48,400 = $32,100
the sales price of the equipment was $32,100 + $3,600 (gain on sale) = $35,700
land was purchased for $10,900
available for sale securities were purchased fro $2,000
total cash flows from investing activities = $35,700 (cash proceeds from sales of equipment) - $10,900 (land purchased) - $2,000 (AFS securities purchased) = $22,800
In one hour of labor input, South Korea can produce either 100 computer chips or 50 bed linens. In the U.S., in one hour of labor input, either 150 computer chips or 100 bed linens can be made. Select the correct response below. Group of answer choices S. Korea has a comparative advantage in computer chip manufacturing. The U.S. has an absolute advantage in bed linen manufacturing. All of these are correct The U.S. has a comparative advantage in bed linen manufacturing. The U.S. has an absolute advantage in computer chips manufacturing.
Answer: All of these are correct
Explanation:
South Korea
Opportunity cost of Computer chips = 50/100 = 0.2 bed linens
Opportunity cost of bed linens = 100/50 = 2 computer chips
USA
Opportunity cost of Computer chips = 100/150 = 0.67 bed linens
Opportunity cost of bed linens = 150/100 = 1.5 computer chips
Country with Comparative advantage in the production of a good is one that incurs the lower opportunity cost.
Country with Absolute advantage is county that produces the most quantity of a good or service.
Therefore;
US has Absolute advantage in both Computer chips and Bed linens.
South Korea has comparative advantage in Computer chips.
US has comparative advantage in bed linen manufacturing.
are considering buying a new flat TV that costs today at $4,000. The bank has offered you a loan to buy it. The loan is a 2-year loan for which you will make bi-monthly payments (at the end of every two months). The APR for the loan is 24%. How much is the bi-monthly payment?
Answer:
don't know because I can't understand the language of question
Company A accounts for its investment in Company B under the equity method. Company A carried the Company B investment at $150,000 and $165,000 at December 31, 2020, and December 31, 2021, respectively. During 2021 Company B recognized $80,000 of net income and paid dividends of $30,000. Assuming that Company A owned the same percentage of Company B throughout 2021, its percentage ownership must have been:
Answer:
30%
Explanation:
Calculation for its percentage ownership
Percentage of ownership=($80,000 - $30,000)/$165,000
Percentage of ownership=$50,000/$165,000
Percentage of ownership = 30%
Therefore Assuming that Company A owned the same percentage of Company B throughout 2021, its percentage ownership must have been:30%
Peggy Grey's Cookies has net income of $460. The firm pays out 37 percent of the net income to its shareholders as dividends. During the year, the company sold $91 worth of common stock. What is the cash flow to stockholders
Answer: $79.20
Explanation:
Cashflow to Stockholders is calculated by deducting the Common stock value from dividends;
= Dividends - common stock
= (37% * 460) - 91
= $79.20
Tamarisk, Inc. employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to $33840. If September 30 ends on a Wednesday, what is the appropriate journal entry at fiscal year-end?
Answer:
Daily wages would therefore be;
= 33,840/5
= $6,768 per day
Week ends on wednesday which is 3 days into the week.
= 6,768 * 3
= $20,304
Journal Entry
Date Details Debit Credit
September 30 Salaries and Wages Expense $20,304
Salaries and Wages Payable $20,304
Some customer support call center let incoming callers know how long they would be on hold before talking to a service agent. This improves customer experience because: Group of answer choices it lessens the perception of unfairness in waiting in-process waits seem shorter than pre-process waits uncertain waits seem longer than certain waits unoccupied time seems longer than occupied
Incoming callers' perceptions of unfairness are diminished and a clear expectation is set by communicating the length of their wait time in advance. This enhances the overall customer experience.
What are the abilities in customer service?Client retention and acquisition are highly dependent on customer service. Companies can increase sales by utilising good customer service. Being empathetic, communicating effectively, and addressing problems are essential components of providing exceptional customer service.
A call centre interview is what?For businesses, call centres serve clients who have queries, grievances, or suggestions on goods or services. A call centre interview is a chance for you to highlight your problem-solving abilities and show off your capacity to win over clients' trust.
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Ridiculousness, Inc., has sales of $48,000, costs of $21,200, depreciation expense of $1,900, and interest expense of $1,200. If the tax rate is 35 percent, what is the operating cash flow, or OCF
Answer:
OCF = $18,505
Explanation:
To calculate OCF, we first need the income statement:
Income Statement
Sales $ 48,000
Costs 21,200
Depreciation 1,900
EBIT $ 24,900
Interest 1,200
Taxable income $ 23,700
Taxes (35%) 8295
Net income $ 15,405
OCF = EBIT + Depreciation - Taxes
OCF = $24,900 + 1,900 - 8,295
OCF = $18,505
Select the correct answer.
Approximately what portion of global employers tends to use social media websites to hire new employees?
O A.
30 percent
OB
40 percent
OC. 50 percent
OD
60 percent
O E.
70 percent
Reset
Next
Answer:
B is the answer
Explanation:
