An investment offers to double your money in 30 months (don’t believe it). What rate per six months are you being offered? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer 1
Answer:

Answer:

The rate of change in 6 months is 14.87%

Explanation:

Let a be the amount that the money is multiplied in one month. We know that in 30 months it is multiplied by 2, so if we power a by 30 wew obtain 2:

a³⁰ = 2

Thus, 2 = a³⁰ = a⁶*⁵ = (a⁶)⁵

(here we use the propiety a^bc = (a^b)^c = (a^c)^b)

We can conclude that a⁶ = 2^(1/5) = 1.1487

The rate in 6 months is (1.1487-1)*100 = 14.87%

Answer 2
Answer:

Answer:

14.86% every 6 months

Explanation:

Let the original amount be a

An investment offers to double your money in 30 months i.e. 2a in 30 months

Fv = Pv (1 + x)ⁿ

Fv future value (i.e. future value of the cash flow after a particular time period. )

Pv Present value

x interest

n number of compounding period

Fv = Pv (1 + x)ⁿ

2a = a (1 + x)^(30/6)

2^(1/5)= 1 + x

1.1486 = 1 + x

x = 0.1486 0r 14.86%


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Free-Flo Pipes & Plumbing Corporation is a private employer involved in an employment discrimination suit under the Civil Rights Act. Punitive damages may be recovered against Free-Flo only if the employer ​...a. ​can easily afford to pay the amount.
b. ​has one hundred or more employees.
c. ​consents.
d. ​acted with malice or reckless indifference.

Answers

Answer: Acted with mallice and reckless indifference

Explanation: As per the legislations passed under Civil rights act, to recover the damages beyond simple compensation, in case of discrimination at work place by the employer, the act done must be reckless indifference like deliberate partial behavior on the basis of gender or race.

Morrish Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 6,100 direct labor-hours will be required in January. The variable overhead rate is $3.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $103,090 per month, which includes depreciation of $18,910. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Answers

Answer:

The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480

Explanation:

For computing the cash disbursements for manufacturing overhead, the calculation is shown below:

= Direct labor cost + Fixed manufacturing overhead

where,

direct labor cost = Direct labor hours × per labor rate

                           = 6,100 × $3.00

                           = $18,300

And, in budgeted fixed manufacturing overhead, the depreciation should be deducted as it is a non cash expense.

So,

= Budgeted fixed manufacturing overhead - depreciation

= $103,090 - $18,910

= $84,180

Now apply the above values to the formula.

So, cash disbursements is =  $18,300 +  $84,180 = $102480

Hence, The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $102480

Final answer:

The January cash disbursements for manufacturing overhead in Morrish Inc.'s budget are calculated by adding the total variable costs ($18,300) to the fixed costs excluding depreciation ($84,180), amounting to $102,480.

Explanation:

To calculate the January cash disbursements for manufacturing overhead on the Morrish Inc.'s manufacturing overhead budget, we need to separate the overall costs into its components, namely fixed and variable costs.

In this case, the variable overhead rate is $3.00 per direct labor-hour, and the company expects to require 6,100 direct labor-hours in January. This gives a total variable cost of 6100 * $3 = $18,300.

The fixed manufacturing overhead is stated as $103,090, however, this includes a depreciation cost of $18,910. As depreciation is a non-cash expenditure, it should be excluded from the cash disbursements calculation. Therefore, the fixed costs for this calculation will be $103,090 - $18,910 = $84,180.

Add together the variable and fixed costs to get the total January cash disbursements for manufacturing overhead: $18,300 (variable) + $84,180 (fixed) = $102,480.

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Name a time you believe you applied the utility maximization rule. What were the goods or services you chose to maximize your utility? How did this relate to your budget constraint?

Answers

Answer and Explanation:

Utility maximization rule is fundamentally the most extreme fulfillment got from utilization of an item.

Like picking between a modest or costly lodging while a costly inn would be high in quality however a tolerably charged inn would likewise offer fulfillment to the purchaser.

The decision relies upon the salary spending plan of the shopper and there are requirements to the purchaser as far as the decisions accessible relying upon costs and pay.

Benjamin, Inc., operates an export/import business. The company has considerable dealings with companies in the country of Camerrand. The denomination of all transactions with these companies is alaries (AL), the Camerrand currency. During 2017, Benjamin acquires 20,000 widgets at a price of 8 alaries per widget. It will pay for them when it sells them. Currency exchange rates for 1 AL are as follows: September 1, 2017 $0.46 December 1, 2017 0.44 December 31, 2017 0.48 March 1, 2018 0.45 Assume that Benjamin acquired the widgets on December 1, 2017, and made payment on March 1, 2018. What is the effect of the exchange rate fluctuations on reported income in 2017 and in 2018

Answers

Answer:

2017 = ($6,400)

2018 = $4,800

Explanation:

The effect of the exchange rate fluctuations on reported income in 2017 and in 2018 is shown below:-

Particulars                               Amount

Purchased widgets                 20,000

Purchased price                       8

Total inventory                        160,000

(20,000 × 8)

Total inventory at Dec 1,2017 $70,400

(160,000 × $0.44)

Total inventory at Dec 31,2017 $76,800

(160,000 × $0.48)

Foreign exchange gain/(loss)

at reporting date                    ($6,400)

($70,400  - $76,800)

Total inventory at March 1, 2018 $72,000

(160,000 × $0.45)

Foreign exchange gain/(loss)

when payment is made

on March 1, 2018                         $4,800

($76,800  - $72,000)

So, the Foreign exchange loss in 2017 is ($6,400) and the Foreign exchange gain in 2018 is $4,800

In the Shaping Department of Oriole Company the unit materials cost is $4.00 and the unit conversion cost is $2.00. The department transferred out 8900 units and had 1700 units in ending work in process 20% complete. If all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process is___________-

Answers

Answer:

200

Explanation:

you will get 200 dollars

Garfun, Inc., owns all of the stock of Simon, Inc. For 2014, Garfun reports income (exclusive of any investment income) of $480,000. Garfun has 80,000 shares of common stock outstanding. It also has 5,000 shares of preferred stock outstanding that pay a dividend of $15,000 per year. Simon reports net income of $290,000 for the period with 80,000 shares of common stock outstanding. Simon also has a liability for 10,000 of $100 bonds that pay annual interest of $8 per bond. Each of these bonds can be converted into three shares of common stock. Garfun owns none of these bonds. Assume a tax rate of 30 percent.What amount should Garfun report as diluted earnings per share? (Round your intermediate percentage value to the nearest whole number and the final answer to 2 decimal places.)

Answers

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Final answer:

The diluted earnings per share for Garfun, Inc. considering the income and preferred dividends, the income from Simon, Inc. given the tax rate, and the potentially diluted convertible bonds from Simon, Inc., it comes out to be $6.58.

Explanation:

Calculating diluted earnings per share (EPS) involves accounting for any securities or methods that could potentially dilute the EPS, such cy as convertible bonds. In this scenario for Garfun, Inc., first, we need to address Garfun's net income (exclusive of investment income). This is given as $480,000. However, they pay preferred dividends of $15,000, which are subtracted from net income when calculating EPS, so we’ll use $465,000 as the income available to common stockholders.

Moving on to Simon, Inc., as Garfun owns all of the stock of Simon, the earnings of Simon will fully contribute to the diluted earnings of Garfun. Taking the reported net income of Simon ($290,000) and adjusting for the 30% tax rate, we get $203,000.

Furthermore, the potentially dilutive securities are the convertible bonds from Simon, Inc. These bonds can be converted into 30,000 shares of common stock ($100 bonds * 3). The interest paid for these convertible bonds, $80,000, is added back to the net income after being adjusted for the tax rate of 30% which is $56,000.

The total of earnings available for common stockholders for the diluted EPS calculation is, therefore $724,000 ($465,000 of Garfun’s net income + $203,000 of Simon’s net income + $56,000 interest on Simon’s bonds adjusted for tax). We also need to account for all the common stocks where earnings will be distributed. This amounts to 110,000 shares (80,000 of Garfun’s shares + 30,000 shares of Simon’s bonds). Hence, the diluted EPS is $6.58 ($724,000 / 110,000).

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