Answers
Answer:
$1,244
Explanation:
According to the scenario, the given data are as follows:
Future value (FV) = $1,000
Interest = 7%
So, Payment (PMT) = $1,000 × 7% = $70
Rate of return (rate) = 5%
Time period (Nper) = 18 years
So, by putting the following data in PV formula in excel sheet,
Attachment is attached below.
Present value of Bonds = $1,233.79 or $1,244
Related Questions
has sales of $690,000, costs of $342,000, depreciation expense of $87,000, interest expense of $52,000, and a tax rate of 24 percent. The firm paid out $82,000 in cash dividends. What is the addition to retained earnings
Answers
Answer:
$76,840
Explanation:
The computation of the addition to the retained earning is shown below;
But before that following calculations must be done
Earnings before interest and taxes (EBIT) is
= Sales - Cost - Depreciation
= $690,000 - $342,000 - $87,000
= $261,000
Now
EBT = EBIT - Interest
= $261,000 - $52,000
= $209,000
Now
Net income = EBT × (1 - Tax)
= $209,000 × (1 - 24%)
= $158,840
And finally
Addition to retained earnings is
= Net income - Dividends
= $158,840 - $82,000
= $76,840
When the economy is in full employment, * 10 points A. unemployment is zero. B. only cyclical unemployment is zero. C. only frictional unemployment is zero. D. the natural rate of unemployment is zero. E. actual unemployment rates exceed the natural rate of unemployment.
Answers
Answer:
c
Explanation:
Full employment is when available labour in an economy are efficiently used. When there is full employment, cyclical unemployment is zero. There would still be frictional unemployment.
Frictional unemployment is unemployment that exists between the time a person leaves their current unemployment and get another job.
Anyone know the answer to this question
Answers
Answer:
b
Explanation:
fixed and variable cost
Jill and Kane, with their attorneys, meet to try and resolve a dispute. A neutral third party works with both sides and proposes a solution, but does not make a decision regarding the matter. This is:_________
a. Arbitration
b. Negotiation
c. Mediation
d. None of the above
Answers
Answer:
c. Mediation
Explanation:
Mediation can be defined as an alternative dispute resolution (ADR) approach which involves an impartial and neutral third party who is saddled with the responsibility of proposing a solution to conflict between two or more parties.
Basically, a mediator is a professional trained in conflict or dispute resolution through the use of effective negotiation techniques and communication strategies.
In this scenario, Jill and Kane, with their attorneys, meet to try and resolve a dispute. A neutral third party works with both sides and proposes a solution, but does not make a decision regarding the matter. Therefore, this is a mediation.
a father is planning a savings program to put his daughter through college. his daughter is now 13 years old. she plans to enroll the university in five years from now, and it should take her four years to complete her education. currently, cost per year (for everything - food, clothing - tuition , books, transportation and so forth) is $12,500, but a five percent inflation rate in these costs is forecasted. the daughter recently received $7,500 from her fat her as donation for education, and will be deposited into an account paying 8% compounded annually. the rest of the costs will be met by the money father will deposit in the same account, also earning 8%. father will deposit first saving today and until sh e starts to university, 6 equal deposits. his savings should help cover all university costs and will be totally exhausted after the last year. what is the amount of six equal deposits that will be made by the father?
Answers
Answer:
$6,106.39
Explanation:
first we must find out the daughter's total university expenses:
college expenses in 5 years = $12,500 x (1 + 5%)⁵ = $15,953.92
we must find the present value of the college costs:
PV = $15,953.92 + [$15,953.92 x 2.7232 (PV annuity factor, 5%, 3 periods)] = $59,399.63
since the daughter already has $7,500, she will deposit that money and will have $7,500 x (1 + 8%)⁵ = $11,019.96 in 5 years, that means that she is $48,379.67
we now have our future value, the interest rate and the number of periods, we are missing the annuity due contributions:
FV = annual contribution x FV annuity due factor
$48,379.67 = annual contribution x 7.9228 (FV annuity due factor, 8%, 6 periods)
annual contribution = $48,379.67 / 7.9228 = $6,106.39
A sophisticated investor, B. Graham, sold 100 shares short of Amwell, Inc. at $54 a share. The price of the stock subsequently fell to $39 before rising to $56 at which time Graham covered the position (that is, closed the short position). What was the percentage gain or loss on this investment
Answers
Answer:
-3.57%
Explanation:
Calculation for What was the percentage gain or loss on this investment
Using this formula
Percentage of Gain/loss = [(Selling Price - Purchase Price) * Number of shares] / [Purchase Price * Number of shares]
Let plug in the formula
Percentage of Gain/loss = [($54 - $56) * 100] / [$56 * 100]
Percentage of Gain/loss = -$200 / $5,600
Percentage of Gain/loss = -3.57%
Therefore the percentage loss on this investment is -3.57%
The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?
Answers
Answer:
$344,000
Explanation:
The applicable formula, in this case, is the accounting equation.
Assets= Liabilities + Equity.
Liabilities =$117,000
Equity =$227,000
Assets = $117,000 + $227,000
Assets = $344,000
Answer:
$344,000
Explanation:
liabilities= $117,000
--------> assets= $344,000
equity= $227,000
Listed below are current asset items for Lester Company at December 31, 2019. Finished goods inventory $35,000 Cash 22,000 Prepaid expenses 2,000 Accounts receivable 4,000 Short-term investments 25,000 Raw materials inventory 17,000 Work in process inventory 23,000 Supplies 500 Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)
Answers
Answer:
Current Assets :
Work in process inventory 23,000
Raw materials inventory 17,000
Finished goods inventory 35,000
Supplies 500
Accounts receivable 4,000
Prepaid expenses 2,000
Short-term investments 25,000
Cash 22,000
Total 128,500
Explanation:
Current Assets are always shows in the order of their liquidity in the Balance Sheet. That is the order in which they are quickly be converted into cash within a period of less than 12 months. Start with the Inventories to cash and cash equivalents as shown above.
The costs were taken from the accounting records of the Barnwell Manufacturing Company. Classify each item as either a product cost or a period cost. Also, classify all product costs as direct or indirect, assuming that the cost object is each unit of product manufactured.
a. State income taxes
b. Insurance on the manufacturing facilities
c. Supplies used in manufacturing
d. Wages for employees in the assembly department
e. Wages for employees who deliver the product
f. Interest on notes payable
g. Materials used in the production process
h. Rent for the sales outlet in Sacramento
i. Electricity for manufacturing equipment
j. Depreciation expense on delivery trucks
k. Wages for the sales staff
l. Factory supervisors' salaries
m. Company president's salary
n. Advertising expense
Answers
Answer:
Part 1
Product Cost
Insurance on the manufacturing facilities
Supplies used in manufacturing
Wages for employees in the assembly department
Materials used in the production process
Electricity for manufacturing equipment
Factory supervisors' salaries
Period Cost
State income taxes
Wages for employees who deliver the product
Interest on notes payable
Rent for the sales outlet in Sacramento
Depreciation expense on delivery trucks
Advertising expense
Company president's salary
Wages for the sales staff
Part 2
Direct Cost
Supplies used in manufacturing
Wages for employees in the assembly department
Materials used in the production process
Indirect Cost
Insurance on the manufacturing facilities
Electricity for manufacturing equipment
Factory supervisors' salaries
Explanation:
All manufacturing costs are product costs whilst non-manufacturing costs are period costs.
Direct costs can be traced directly to the product being manufactured whist indirect costs are difficult to trace directly to the product being manufactured.
Assuming Donavon uses the straight-line method and the company sold the machine on July 1, 20x3 for $47,000, determine the gain/loss on disposal.
Answers
Answer:
Hi, your question is incomplete, I tried to search for it online but I could not find it.
However, below are the explanations I can give to help you solve the problem.
Before we calculate the gain/loss on disposal of the asset (machine) we must first determine the following amounts ;
1. Cost of the Asset
Have the original cost of the asset handy. This is the cost when the entity purchased machine.
2. Accumulated Depreciation
This is the sum of all the depreciation charges on the asset from the date it was first available for use up to the date the the asset is sold. In this case the accumulated depreciation is up to July 1, 20x3. Calculate the depreciation charge using the policy stated - straight line that is (Cost - Salvage Value) ÷ Estimated useful life.
3. Proceeds from Sale
This is the amount of Cash that the company received as a result of the Sale. In our case the Company received proceeds of $47,000.
Now, that we have the three (3) amounts above, we can calculate the gain/loss on disposal of the asset (machine) as :
Gain/loss on disposal = Proceeds - Carrying Amount (Cost - Accumulated depreciation)
International macroeconomics focuses on: isolated nations. market-specific variables such as the price of orange juice. city-level economic problems.
Answers
Answer:
Isolated nations
Explanation:
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
International macroeconomics focuses on economic activities of various countries and how its consequences
Determine which startegic review process element is described below.
a. The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 dramatically lowered the fees we can charge merchants when consumers pay with debit cards. One way around this will be to reinstate fees on all of our checking accounts, including those with automatic deposits.
b. Interest rates have fallen every year for the past 5 years.
c. Depending on who gets elected, our high-net-worth depositors will see dramatic differences in the way they are taxed. The Democratic candidate will impose larger taxes on high-income citizens, while the Republican candidate will reduce taxes or spread them more evenly across all citizens.
Answers
Answer:
a. New Strategic Projects
b. Trend Analysis
c. Environmental Scanning
Explanation:
In the statement a, the strategy followed is based on project. This amendment is viewed as a project rather than a business goal. This is one off modification in the system to automate the deposits and have check and balance with ease.
In statement b, the study of interest rates of past 5 years is trend analysis. Past events are analyzed to predict the future.
In statement c, the environmental analysis is done. The democratic candidate will impose higher taxes and republic candidate will lower the taxes, this is considered as environmental scanning.
Aiden and Sophia are married and they have always filed Married Filing Jointly. Aiden died May 5, 2020 at the age of 58. Sophia, age 56, has not remarried. Aiden earned $5,000 in wages and Sophia earned $51,000 in wages. Sophia paid all the cost of keeping up a home and provided all the support for their two children, Mia and Oliver, who lived with them all year. Mia is 11 years old and Oliver is 15 years old. Sophia does not have enough deductions to itemize, but she did make a $500 cash charitable contribution to a qualified charitable organization in tax year 2020. Aiden, Sophia, Mia, and Oliver are all U.S. citizens with valid Social Security numbers. 6. What amount can Sophia deduct as a charitable contribution adjustment
Answers
Answer:
$0
Explanation:
In order for any taxpayer to be able to deduct any amount for charitable contributions, he/she must itemize their deductions. If you choose to take the standard deduction (in this case $24,800, same as joint filers), you cannot deduct charitable contributions or any other specific deduction.
What is the effect on a firm's net working capital if a new project requires a $30,000 increase in inventory, a $10,000 increase in accounts receivable, a $35,000 expenditure on machinery, and a $20,000 increase in accounts payable
Answers
Answer:
$20,000 Increase
Explanation:
Calculation for What is the effect on a firm's net working capital
Using this formula
Change in Net working capital=Increase in inventory+Increase in accounts receivable-Increase in accounts payable
Let plug in the formula
Change in Net working capital=$30,000 + $10,000 - $20,000
Change in Net working capital=$20,000 Increase
Therefore the effect on a firm's net working capital will be $20,000 Increase
What is something I can create or invent that hasn't been invented yet, that could make me a millionaire?
Answers
Explanation:
The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.
To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.
hey i need help with sum
Answers
In the water and rocks analogy for JIT:
a. water represents problems.
b. water represents inventory.
c. rocks represent waste.
d. water wears away rocks gradually just like continuous improvement programs improve quality.
Answers
Answer:
B) water represents inventory.
Explanation:
The Water and Rocks analogy can be regarded as an analogy that display a ship. The ship here symbolize a company/firm which is floating on water. The water is regarded as inventory. In a case whereby by the water level get down, the ship will hit the rock on the ground. So this analogy can allow to let defective material known. It should be noted that In the water and rocks analogy for JIT, water represents inventory.
Which of the following would NOT cause a shift in AD?
Select one:
a.
An increase in government spending
b.
A reduction in interest rates
c.
A reduction in income tax
d.
A fall in the cost of production
= A fall in the cost of production
Answers
Answer:
= A fall in the cost of production
Explanation:
= A fall in the cost of production= A fall in the cost of production= A fall in the cost of production
Whispering Winds Corporation owns equipment that cost $64,800 when purchased on April 1, 2013. Depreciation has been recorded at a rate of $10,800 per year, resulting in a balance in accumulated depreciation of $51,300 at December 31, 2017. The equipment is sold on July 1, 2018, for $12,960. Prepare journal entries to (a) update depreciation for 2018 and (b) record the sale
Answers
Answer:
(a) update depreciation for 2018
Debit ; Depreciation $10,800
Credit Accumulated Depreciation $10,800
(b) record the sale
Debit : Cash $12,960
Debit : Accumulated Depreciation $62,100
Credit : Profit and Loss $10,260
Credit : Equipment at Cost $64,800
Explanation:
(a) update depreciation for 2018
Recognize deprecation
(b) record the sale
Recognize proceeds from sale and profit or loss from sale
Gary and Mary are production managers at GE. Production managers are rewarded with a bonus if the whole department exceeds their target profits for the year. Gary is asking Mary to change her estimate for the percentage of completion for the ending work in process. 1) Does Gary want to increase or decrease the original estimates
Answers
Answer:
Gary wants to increase the original estimates.
Explanation:
Both Gary and Mary will only earn their bonus if the plant's productivity increases, and that is achieved by producing more finished units in the same amount of time. That is why Gary wants to increase the number of finished units so that they can both cash their bonuses.
Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per month is $2,100. Her deductions before the change are listed in the table.
Deduction
Dollar Amount
Federal Income Tax
$294
State Income Tax
$89
Social Security
$85
Medicare
$35
What is her new monthly net pay? Round your answer to the nearest dollar.
$1555
$1591
$1595
$1639
Answers
Answer:
The answer would be A. $1555
A. $1555
Have a good day
While trying to minimize project costs, project manager Ben realized that adjusting the schedule is not completely serving the purpose. What else can Ben do to minimize project costs?
In addition to adjusting the schedule, Ben can adjust _______. For example, Ben can hire people on contract to reduce costs.
(PLATO) (No Options)
Answers
Answer:
In addition to adjusting the schedule, Ben can adjust the __project team_____. For example, Ben can hire people on contract to reduce costs.
Explanation:
To reduce project costs, Ben can find cheaper resources to manage the project. Cheaper resources have their costs, though. Profit expectation from the project can also be reduced to accommodate more costs. Employing contract team for the project is another way of reducing the costs. Lack of commitment by the temporary workers needs to be taken into consideration when hiring people on a contract basis. The project's scope contributes to its costs. Therefore, Ben can reduce the scope as part of the efforts to minimize the project's costs.
The COSO framework encompasses three major areas of internal controls, but Section 404 of Sarbanes-Oxley only requires corporate compliance relating to the reliability of a company's financial reporting.
a. True
b. False
Answers
Philanthropists, who hold that social responsibility is justified in terms of amoral duty toward helping less-advantaged members of society throughorganized, tax-deductible charity and stewardship.
a. True
b. False
Answers
Answer: True
Explanation:
Philanthropists such as Bill Gates try to help the less-advantaged members of society by giving their time and / or raising and donating money to them to make their lives easier.
These philanthropists believe that doing so amounts to social responsibility and that such efforts should be carried out through organized, tax-deductible charity and stewardship which has led many to accuse some philanthropists of only doing good to avoid taxes.
Which of the following are common terms for spending on infrastructure (such as highways), production facilities (such as factories), schools, attending college, or anything else that will increase future production possibilities?
a. Capital goods
b. Human capital
c. Investment
d. Consumption
Answers
Answer:
c
Explanation:
Investment can be described as purchasing an asset with the aim of generating more income or earning capital appreciation.
Here, investment is in capital goods and human capital
Capital goods comprises infrastructure and production facilities
Human capital investment comprises attending college and spending on schools.
Economic growth theories submit that investment in capital goods and human capital increase the economic growth of an economy
Insurance is an example of a(n) _____.
Answers
Answer:
a life help and an saver
Explanation:
because if you have insurance you will not need to pay a lot of money if you crash
When purchases of merchandise are made for cash, the transaction may be recorded with the following entry *
Answers
Answer:
Dr Merchandise Inventory Cr Cash
Explanation:
Based on the information given in a situation where purchases of merchandise are made for cash the transaction will be recorded in the journal entry by debiting Merchandise Inventory and Crediting Cash reason been that MERCHANDISE are current asset and Secondly merchandise are anticipated to be either sold out, used or turn them into cash within a period of one year, although it sometimes depends on the method of payment in which the merchandise was been paid for , which is why we have to Debit Merchandise Inventory Account and Credit Cash Account.
Hence:
Journal entry
Dr Merchandise Inventory
Cr Cash
This year, Johnson Mills has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The firm paid $700 in dividends, $280 in interest, and has a total tax rate of 21 percent. The firm will add $2,810 to retained earnings. What is the depreciation expense?
Answers
Answer:
$3,857
Explanation:
From the above, we do know that;
Revenue - Expenses = Net income
But
Expenses = Revenue - Cost of goods sold - Admin expenses - Depreciation expenses
Also,
Net income tax = Income before taxes × ( 1 - tax rate)
Since we do not know Net income taxes,
Net income - Dividends = Change in retain earnings
Net income = $2,810 + $700
= $3,510
Income before taxes = $3,510 / 0.79
= $4,443
$37,800 - $23,200 - $6,300 - Depreciation expenses = $4,443
Therefore,
Depreciation expenses = $3,857
Explain how, if at all, each of the following transactions generates two entries (a credit and a debit) in the American balance of payments accounts, and describe how each entry would be classified in any of current, financial or capital account:
a. An American buys a share of German stock, paying by writing a check on an account with a Swiss bank.
b. An American buys a share of German stock, paying the seller with a check on an American bank.
c. The Korean government carries out an official foreign exchange intervention in which it uses dollars held in an American bank to buy Korean currency from its citizens.
d. A tourist from Detroit buys a meal at an expensive restaurant in Lyons, France, paying with a traveler's check.
e. A California winemaker contributes a case of cabernet sauvignon for a London wine tasting.
f. A U.S.-owned factory in Britain uses local earnings to buy additional machinery.
Answers
Answer:
a. An American buys a share of German stock, paying by writing a check on an account with a Swiss bank.
One foreign asset is traded for another, so US financial account is not affectedb. An American buys a share of German stock, paying the seller with a check on an American bank.
US financial account is debited when the stock is purchased and credited when the German bank lends money to a German importer that imports American goods.c. The Korean government carries out an official foreign exchange intervention in which it uses dollars held in an American bank to buy Korean currency from its citizens.
The US financial account is debited when the Korean government uses US dollars to buy Korean currency. It is credited when Korean citizens use the dollars to import American goods.d. A tourist from Detroit buys a meal at an expensive restaurant in Lyons, France, paying with a traveler's check.
The US financial account is debited when the meal is paid. Depending on which bank, French or American, issued the traveler's check, the US financial account will be credited differently. If an American bank issued the traveler's check, the case is similar to (a), but if a French bank issued the traveler's check, the US financial account will be credited when the French bank sells assets to replace the traveler's check.e. A California winemaker contributes a case of cabernet sauvignon for a London wine tasting.
No transaction occurred.f. A U.S.-owned factory in Britain uses local earnings to buy additional machinery.
One foreign asset is traded for another, so US financial account is not affected
Job 101 was completed and sold for $60,000. Job 102 was completed but not sold. Job 103 is still in process. Actual overhead costs recorded during the first month of operations totaled $45,000. Required: 1. Prepare a journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion. 2. Prepare the journal entries to recognize the sales revenue and cost of goods sold for Job 101. 3. Prepare the journal entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.
Answers
Answer:
Required 1
Debit : Finished Goods $53,600
Credit : Work In Process $53,600
Required 2
Debit : Cash $60,000
Debit : Cost of Goods Sold $55,000
Credit : Sales $60,000
Credit : Finished Goods $55,000
Required 3
Debit : Overheads $4,000
Credit : Cost of Sales $4,000
Explanation :
Hi, I have attached the full question as a pdf below
Manufacturing Costs Calculations :
Job 101 = $19,200 + $28,800 + ($420,000/60,000 x1,000) = $55,000
Job 102 = $14,400 + $11,200 + ($420,000/60,000 x4,000) = $53,600
Closing Overheads :
Actual Overheads = $45,000
Applied Overheads = $420,000/60,000 x 7,000 hours = $49,000
Therefore,
Overheads are over-applied ( by $4,000) and must be deducted from cost of sales
