BUSINESS COLLEGE

Perfect Clean, Inc. provides housekeeping services. The following financial data have been provided.Service Revenue

$80,000

Cleaning Supplies Used

22,000

Wages Expense

19,350

Office Rent Expense

5,150

Depreciation Expense—Machinery

550

Calculate the contribution margin and the contribution margin ratio. (Round your contribution margin to the nearest dollar, and your contribution margin ratio to two decimal places.)

A) $38,650; 48.31% B) $74,850; 93.56%

C) $60,650; 75.81% D) $32,950; 41.19%

Answers

Answer 1
Answer:

Answer:

A) $38,650; 48.31%

Explanation:

The computation of the contribution margin and the contribution margin ratio is shown below:

Contribution margin = Service Revenue - Cleaning Supplies Used - wages expense

= $80,000 - $22,000 - $19,350

= $38,650

The variable cost is Cleaning Supplies Used + wages expense

And, the contribution margin ratio equals to

= (Contribution margin ÷ sales) × 100

= ($38,650 ÷ $80,000)  × 100

= 48.31%

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Labuk is a 20-year employee of Whirley Corporation. During his career with Whirley, Labuk has felt uncomfortable with his supervisor, Bob, because of his behavior. On one occasion, Bob told him that foreigners should stop seeking jobs in the United States if they cannot perform. On another occasion, Bob yelled at Labuk and called him an "idiot." Which of the following may be true in this case? a. Labuk does not have a harassment claim based on national origin because these two incidents, although offensive, do not create a hostile work environment. b. Labuk does not have a harassment claim based on national origin because the Fair Labor Standards Act (FLSA) allows employers to discriminate in favor of U.S. citizens. c. Labuk has a harassment claim based on national origin because Title VII of the Civil Rights Act of 1964 provides protection against discrimination based on country of citizenship. d. Labuk has a harassment claim based on national origin under Title VII of the Civil Rights Act of 1964 because he belongs to a protected racial class.
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If coal mine tonnage can be shipped elsewhere cheaply, but a coal-fired power plant adjacent to the mining operation is not redeployable to other uses, what organizational form would be adopted by the power plant owners?
Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and20,000 shares of $1 par value common stock outstanding at December 31, 2010. Therewere no dividends declared in 2009. The board of directors declares and pays a $45,000dividend in 2010. What is the amount of dividends received by the common stockholdersin 2010?a. $0b. $25,000c. $45,000d. $20,000

Determine the amount of money that must be invested now​ (time 0) at 10​% nominal​ interest, compounded​ monthly, to provide an annuity of ​$7 comma 000 per year for 12 ​years, starting eight years from now. The interest rate remains constant over this entire period of time.

Answers

Answer:

the amount of money that must be invested now is $21068.87

Explanation:

Given that:

Nominal interest = 10%

Annuity = 7000

n = 8 years

The Effective interest rate is calculated by using the formula:

Effective interest rate = ( 1 + (r)/(100 * n))^n-1

Effective interest rate = ( 1 + (10)/(100 * 8))^8-1

Effective interest rate = 0.1045

Effective interest rate = 10.45 %

Thus ; the the amount of money that must be invested now​  is the present value with the annuity of ​$7, 000 per year for 12 ​years, starting eight years from now.

PV = 7000(((1+ 0.1045)^(12)-1)/(0.1045(1 + 0.1045)^(12)))( (1)/((1+ 0.1045)^8))

PV = 7000 × 6.666056912 × 0.4515171371

PV = $21068.87

Thus; the amount of money that must be invested now is $21068.87

Final answer:

To determine the required investment, the present value of the annuity starting 8 years from now should be calculated first and then its present value is computed today. This involves understanding the principles of simple and compound interest and applying their formulas accordingly.

Explanation:

In order to determine the amount of money that must be invested now at 10% nominal interest, compounded monthly, to provide an annuity of $7,000 per year for 12 years starting eight years from now, first, we have to calculate the present value of the annuity 8 years from now. We achieve this by using the formula for the present value of an annuity.

Later, we calculate the present value of that amount today. Then we employ the formula of present value in a situation where the compound interest is involved. Compound interest is an interest rate calculation on the amount deposited plus the accumulated interest so far.

This can be generally calculated by determining the difference between the future value and the present value of the amount deposited. In essence, the two major factors in this calculation are the understanding of the simple interest and compound interest, and using the formulae properly.

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HEY BESTIES ANSWER QUICKLY AND ILL MARK BRAINLIESTWhich statements describe letterheads?


They should have a different design than the business card.

They provide the contact information for a business.

They are seldom needed in small organizations.

Business cards and letterheads should be of similar design.

They have the same information as a business card.

Answers

Answer:

B- They provide the contact information for a business.

E- Business cards and letterheads should be of similar design

Explanation:

A letterhead is the heading found at the top of a paper and it usually includes the name of the organization, the logo and the contact information. The letterheads help to provide a professional image and consistency should be maintain in all the business stationery. According to that, the answer is that the two statements that describe letterheads are: they provide the contact information for a business and business cards and letterheads should be of similar design.

hope this helps pls let me know

Based on murder rates in the United States, an Associated Press story reported that the probability that a newborn child has, of eventually being a murder victim, is 0:0263 for nonwhite males, 0:0049 for white males, 0:0072 for nonwhite females, and 0:0023 for white females. (a) Find the conditional odds ratio between race and whether a murder victim, given gender. Interpret your results. Do these variables exhibit homogeneous association? (b) Half the newborns are of each gender, for each race. Find the marginal odds ratio between race and whether a murder victim.

Answers

Answer:

The odds of being murder victims among nob white males are 5.485 times as compared to white males.

Explanation:

See attachment for explanation.

North Carolina State University Irwin College of Engineering can earn 4% on its investments, how much should be in its savings account to fund one $5,000 scholarship each year for the next 10 years?

Answers

Answer:

The amount that should be in its savings account is $40,554.48.

Explanation:

To calculate this, formula for calculating the present value of an ordinary annuity is employed as follows:

PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

PV = Present value of or amount in the saving =?

P = yearly scholarship payment = $5,000

r = interest rate = 4%, 0.04

n = number of years = 10

Substitute the values into equation (1) to have:

PV = $5,000 * [{1 - [1 / (1 + 0.04)]^10} / 0.04]

PV = $5,000 * [{1 - [1 / 1.04]^10} / 0.04]

PV = $5,000 * [{1 - 0.961538461538461^10} / 0.04]

PV = $5,000 * [{1 - 0.675564168825795} / 0.04]

PV = $5,000 * [0.324435831174205 / 0.04]

PV = $5,000 * 8.11089577935512

PV = $40,554.48

Therefore, the amount that should be in its savings account is $40,554.48.

Final answer:

The present value of an annuity formula can be used to determine the amount needed in the savings account.

Explanation:

To determine how much should be in its savings account to fund one $5,000 scholarship each year for the next 10 years, we can use the formula for the present value of an annuity. The formula is:

PV = PMT * ((1 - (1 + r)^(-n)) / r)

Where PV is the present value, PMT is the payment amount, r is the interest rate, and n is the number of periods. In this case, the payment amount is $5,000, the interest rate is 4% (or 0.04), and the number of periods is 10. Plugging these values into the formula, we get:

PV = $5,000 * ((1 - (1 + 0.04)^(-10)) / 0.04) = $42,179.84

Therefore, North Carolina State University's Irwin College of Engineering should have $42,179.84 in its savings account to fund one $5,000 scholarship each year for the next 10 years.

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A company's most recent free cash flow to equity was $100 and is expected to grow at 4% thereafter. The company's cost of equity is 13%. Its WACC is 7.77%. What is its current intrinsic value

Answers

Answer:

Current intrinsic value - equity = $1155.56

Explanation:

FCFE or Free cashflow to equity is the free cash flow attributable to the equity holders. Using the constant growth model of FCFE we can calculate the intrinsic value of the equity or intrinsic value per share. The formula for the constant growth model is as follows,

Value of equity = FCFE0 * (1+g)  /  (r - g)

Where,

  • FCFE0 is the most recent FCFE
  • g is the growth rate in FCFE
  • r is the required rate of return on equity

Current intrinsic value - equity = 100 * (1+0.04)  /  (0.13 - 0.04)

Current intrinsic value - equity = $1155.56

A project will not produce any cash flows for two years. Starting in the third year, it will produce annual cash flows of $11,900 a year for two years. The project initially costs $43,600. In Year 6, the project will be closed and as a result should produce a final cash inflow of $50,500. What is the net present value of this project if the required rate of return is 8.7 percent?

Answers

Answer:

The NPV of the project at 8.7 percent will be  4,802.58‬

Explanation:

We will calcualte the present value of the cash inflow:

(Inflow)/((1 + rate)^(time) ) = PV  

year 3:

Inflow     11,900.00

time          3.00

rate          0.087

(11900)/((1 + 0.087)^(3) ) = PV

PV    9,265.28

Year 4:

Inflow      11,900.00

time           4.00

rate           0.087

(11900)/((1 + 0.087)^(4) ) = PV  

PV   8,523.71

Year 6:

Inflow      50,500.00

time   6.00

rate  0.087

(50500)/((1 + 0.087)^(6) ) = PV  

PV   30,613.58

Then, we will add them together and subtract the investment amount

NPV: 30,613.59 + 8,523.71 + 9,265.28 - 43,600 = 4,802.58‬
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