BUSINESS COLLEGE

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Answers

Answer 1
Answer: Hey, I just needed extra points
Answer 2
Answer:

Answer:

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Explanation:

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Related Questions

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___________-
Paradise, Inc., has identified an investment project with the following cash flows.Year Cash Flow1 = $5752= $ 8253= $1,1254 =$1,325(a) If the discount rate is 11 percent, what is the future value of these cash flows in year 4?(b) What is the future value at a discount rate of 16 percent? (c) What is the future value at discount rate of 29 percent?
Mary, a merchant, was in the business of selling flowers to local florists. Melissa was the owner of Little Flower, Inc. and she regularly purchased her flowers from Mary. One day, Melissa called Mary and ordered 20 dozen roses, 15 dozen carnations, 10 dozen daisies, baby breaths, 6 dozen tulips, and some plants. Everything totaled $1,200, and was to be delivered in 14 days. After the two ended their call, Mary sent Melissa an e-mail detailing the order and her acceptance. Melissa never responded to the e-mail. Eleven days later, Mary delivered the merchandise to Melissa, but she refused shipment. Mary sued Melissa for breach of contract. What is the likely result? Mary wins because the contract involved specially manufactured goods. Mary loses because Melissa did not sign anything. Mary loses because the contract was not in writing. Mary wins because Melissa failed to object to the merchant's confirmation memorandum.
A company finds that there is a linear relationship between the amount of money that it spends on advertising and the number of units it sells. If it spends no money on advertising, it sells units. For each additional spent, an additional units are sold. (a) If is the amount of money that the company spends on advertising, find a formula for , the number of units sold as a function of .
Laser World reports net income of $600,000. Depreciation expense is $45,000, accounts receivable increases $12,000, and accounts payable decreases $25,000. Calculate net cash flows from operating activities using the indirect method

Debt contracts:A) are agreements by the borrowers to pay the lenders fixed dollar amounts at periodic intervals.B) have a higher cost of state verification than equity contracts.C) are used less frequently to raise capital than are equity contracts.D) never result in a loss for the lender.

Answers

Answer:

A) are agreements by the borrowers to pay the lenders fixed dollar amounts at periodic intervals.

Explanation:

Debt contracts are formed when a borrower agrees to repay a lender. Convenants are usually used to settle disputes between the borrower and the lender. Convenants limits the the extent to which debtors take risks, dividend payouts, claim dilution, and other activities that can cause the lender to lose money.

Debt contracts are obtained by businesses to finance short term operations activities or long term expansion plans.

Answer: A) are agreements by the borrowers to pay the lenders fixed dollar amounts at periodic intervals.

Explanation: A debt contract is an agreement in which a borrower agrees to repay funds borrowed to a lender. Usually classes into a short-term and long-term debt contracts, they are used in raising money for working capital or capital expenditures and in return for lending the money, the individuals or institutions become creditors and receive a promise that the capital and interest on the debt will be repaid (usually in fixed amounts over a period of time) in accordance with the terms of the contract. Debt contracts include detailed provisions on collateral involved, interest rate, the schedule for interest payments, and the timeframe to maturity if applicable.

Prescott expects to produce 225,000 basic models and 225,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model?Estimated overhead cost / Estimated qty of the allocation base= Predetermined OH Basic Model Professional ModelManufacturing overhead assembly 264800 195200Manufacturing overhead packaging 55200 227700Total manufacturing overhead cost 320000 422900

Answers

Answer and Explanation:

The Calculation of Predetermined OH Rate is shown below:

For Materials Handling, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity  

= $54,000 ÷ 96

= $562.50 per part

For Machine Setup, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity

= $204,000 ÷ 60

= $3,400 per setup

For Insertion of Parts, it is

= Estimated Overhead Costs ÷ Estimated allocated base Quantity  

= $486,000 ÷ 96

= $5,062.50 per part

Now  

Calculation of allocated OH is

For Basic Model:

Allocated OH is

= $562.50 × 32 + $3,400 × 20 + $5,062.50 × 32

= $248,000

For Professional Model:

Allocated OH is

= $562.50 × 64 + $3,400 × 40 + $5,062.50 × 64

= $496,000

Wade Corp. has 150,000 shares of common stock outstanding. In 2020, the company reports income from continuing operations before income tax of $1,210,000. Additional transactions not considered in the $1,210,000 are as follows.1. In 2020, Wade Corp. sold equipment for $40,000. The machine had originally cost $80,000 and had accumulated depreciation of $30,000. The gain or loss is considered non-recurring.2. The company discontinued operations of one of its subsidiaries during the current year at a loss of $190,000 before taxes. Assume that this transaction meets the criteria for discontinued operations. The loss from operations of the discontinued subsidiary was $90,000 before taxes; the loss from disposal of the subsidiary was $100,000 before taxes.3. An internal audit discovered that amortization of intangible assets was understated by $35,000 (net of tax) in a prior period. The amount was charged against retained earnings.4. The company recorded a non-recurring gain of $125,000 on the condemnation of some of its property (included in the $1,210,000).Instructions Analyze the above information and prepare an income statement for the year 2020, starting with income from continuing operations before income tax. Compute earnings per share as it should be shown on the face of the income statement. (Assume a total effective tax rate of 19% on all items, unless otherwise indicated.)

Answers

Final answer:

The net income of Wade Corp. for the year 2020 is $808,850. This is calculated by considering income from continuing operations, the loss from discontinued operations, the profits from selling equipment, understated amortization of intangible assets, and the recurring gain. The earnings per share is $5.39, which is calculated by dividing the net income by the number of shares outstanding.

Explanation:

Income Statement

Income from Continuing Operations before Income Tax: $1,210,000

Income Tax (19%): $-229,900

Income from Continuing Operations: $980,100

Discontinued Operations: (net of tax $190,000)*(1-0.19) = $-153,900

Profit from Selling Equipment: (($40,000 - $80,000 + $30,000)*(1-.19)) = $-6,100

Understated Amortization of Intangible Assets: $-35,000 (This amount is already net of tax).

Recurring Gain: ($125,000*0.19) = $23,750 (Subtract out non-recurring part from Continuing Operations.)

Net Income: ($980,100 - $153,900 - $6,100 - $35,000 + $23,750) = $808,850

Earnings per Share

Net Income / Number of shares outstanding: $808,850 / 150,000 = $5.39 per Ordinary Share

Learn more about Income Statement here:

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Answer:

just get rid of this answer

Explanation:

As the correlation between assets falls... Group of answer choices portfolio variance is not affected by correlation portfolio variance falls portfolio variance rises

Answers

Answer:

The correct answer is C) Portfolio Variance rises.

Explanation:

The association between two assets reflects the degree to which both assets are related.  As the correlation between two assets decreases, the variation in portfolios increases.

Investment portfolios can be protected with the creative use of Correlation Diversification.

The less correlated assets are, the less risky an investment portfolio is.

Cheers!

Retirement savingsA couple thinking about retirement decides to put aside $3,000 each year in a savings plan that earns 8% interest. In 5 years, they will receive a gift of $10,000 that also can be invested.

a. How much money will they have accumulated 30 years from now?

b. If the goal is to retire with $800,000 savings, how much extra do they need to save every year?

Answers

Answer:

a. $408,334.39

b. $3,457.40

Explanation:

r = rate per period = 8% = 0.08

P = Initial Value of Gift = $10,000

t = time = 30 - 5 = 25, As received after 5 years.

A = P (1 + r)^(t)

A = $10,000 (1 + 0.08)^(25)

A = $10,000 x 1.08^(25)

A = $10,000 x 6.8485

A = $68,484.75

FV of annuity = P [((1 + r)^(n) - 1)/(r) ]

P = Periodic Payment = $3,000

a.

n = number of periods = 30

FV of annuity = 3,000 [((1 + 0.08)^(30) - 1)/(0.08) ]

FV of annuity = 3,000 [((1.08)^(30) - 1)/(0.08) ]

FV of annuity = 3,000 [\frac{10.0627 - 1} {0.08} ]

FV of annuity = 3,000 [\frac{9.0627} {0.08} ]

FV of annuity = $3,000 x 113.2832

FV of annuity = $339,849.63

Accumulated value of money can be calculated as follows;

$68,484.75 + $339,849.63

$408,334.39

b.

If they wish to retire with $800,000 savings, they need to save additional amount of money every year to provide additional amount of money, as follows;

$800,000 - $68,484.75

$731,515.24

The extra annual savings can be calculated as follows;

731,515.24 = P [((1 + 0.08)^(30) - 1 )/(0.08) ]

$731,515.24 = P x 113.28

Divide the above equation by 113.28 we get;

P = (731,515.24)/(113.28)

P = $6,457.40

They are already paying $3,000, So the extra saving they need make every year is calculated as follows;

$6,457.40 - $3,000

$3,457.40

Miguel works for an organization that collects books from donors and redistributes the books to schools to promote literacy and good reading habits. The company is funded by a government grant. Miguel works for a(n) ________.

Answers

i think the answer is a non profit organization
Other Questions
Haskell Corp. is comparing two different capital structures. Plan I would result in 12,000 shares of stock and $100,000 in debt. Plan II would result in 8,700 shares of stock and $155,000 in debt. The interest rate on the debt is 5 percent. Compare both of these plans to an all-equity plan assuming that EBIT will be $80,000. The all-equity plan would result in 18,000 shares of stock outstanding. Assuming that the corporate tax rate is 40 percent, what is the EPS for each of these plans? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Assuming that the corporate tax rate is 40 percent, what are the break-even levels of EBIT for each plan as compared to that for an all-equity plan? (Do not round intermediate calculations.)
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The cost structure of two firms competing in the same industry is represented by the following cost formulas: Company X = $2,276,000 + $50/ unit; Company Z = $1,052,000 + $98/unit. The selling price is $145 per unit for both companies. Required: 1. Calculate the indifference point between the two cost structures, that is, the amount of unit sales that produce exactly the same operating income for Company X and Company Z.
What type of maintenance is repair and return to the user, which includes maintenance actions performed by operators and is often performed on or near the unserviceable piece of equipment or weapon system utilizing line replaceable units (FRUs) or modules and competent replacement or repair?