Answer:
$314,278
Explanation:
Cost in flexible budget = $40,990 + ($2,789*96) + ($18*308)
Cost in flexible budget = $40,990 + $267,744 + $5,544
Cost in flexible budget = $314,278
The operating costs in the planning budget for August would be
Boxwood Company sells blankets for $40 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Blankets Units Cost May 03 Purchase 5 $14 10 Sale 3 17 Purchase 15 $15 20 Sale 5 23 Sale 2 30 Purchase 15 $19 Assuming that the company uses the perpetual inventory system, determine the gross profit for the sale of May 23 using the FIFO inventory cost method. a.$50 b.$80 c.$20 d.$110
Answer:
The company had no beginning inventory on May 1. May 3 Purchase 5 $20 10 Sale ... Boxwood Company sells blankets for $40 each. The following was taken
Explanation:
The comparative statements of Carla Vista Co. are presented here.
CARLA VISTA CO.
Income Statements
For the Years Ended December 31
2017 2016
Net sales $1,897,540 $1,757,500
Cost of goods sold 1,065,540 1,013,000
Gross profit 832,000 744,500
Selling and administrative expenses 507,000 486,000
Income from operations 325,000 258,500
Other expenses and losses
Interest expense 24,000 22,000
Income before income taxes 301,000 236,500
Income tax expense 94,000 75,000
Net income $ 207,000 $ 161,500
CARLA VISTA CO.
Balance Sheets
December 31
Assets 2017 2016
Current assets
Cash $ 60,100 $ 64,200
Debt investments (short-term) 74,000 50,000
Accounts receivable 124,800 109,800
Inventory 128,000 117,500
Total current assets 386,900 341,500
Plant assets (net) 659,000 530,300
Total assets $1,045,900 $871,800
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable $ 167,000 $152,400
Income taxes payable 45,500 44,000
Total current liabilities 212,500 196,400
Bonds payable 230,000 210,000
Total liabilities 442,500 406,400
Stockholders’ equity
Common stock ($5 par) 290,000 300,000
Retained earnings 313,400 165,400
Total stockholders’ equity 603,400 465,400
Total liabilities and stockholders’ equity $1,045,900 $871,800
All sales were on account. Net cash provided by operating activities for 2017 was $251,000. Capital expenditures were $135,000, and cash dividends were $59,000.
Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)
(a) Earnings per share $
(b) Return on common stockholders’ equity
(c) Return on assets
(d) Current ratio
(e) Accounts receivable turnover
(f) Average collection period
(g) Inventory turnover
(h) Days in inventory
(i) Times interest earned
(j) Asset turnover
(k) Debt to assets ratio
(l) Free cash flow
Answer:
Carla Vista Co.
(a) Earnings per share = $3.57
(b) Return on common stockholders’ equity = 34.31%
(c) Return on assets = 19.79%
(d) Current ratio = 1.82
(e) Accounts receivable turnover = Net Sales/Average Receivable = 16.18 times
(f) Average collection period = 365 Days /Average Receivable Turnover ratio = 22.56 days
(g) Inventory turnover = Cost of goods sold/Average Inventory = 8.68 times
(h) Days in inventory = 42.05 days
(i) Times interest earned = 3.46 times
(j) Asset turnover = 1.81
(k) Debt to assets ratio = Total Debt/Total Assets = 42.31%
(l) Free cash flow = Cash from Operations - Capital Expenditures = $116,000
Explanation:
a) Data and Calculations:
CARLA VISTA CO.
Income Statements
For the Years Ended December 31
2017 2016
Net sales $1,897,540 $1,757,500
Cost of goods sold 1,065,540 1,013,000
Gross profit 832,000 744,500
Selling and administrative expenses 507,000 486,000
Income from operations 325,000 258,500
Other expenses and losses:
Interest expense 24,000 22,000
Income before income taxes 301,000 236,500
Income tax expense 94,000 75,000
Net income $ 207,000 $ 161,500
CARLA VISTA CO.
Balance Sheets
December 31
Assets 2017 2016
Current assets
Cash $ 60,100 $ 64,200
Debt investments (short-term) 74,000 50,000
Accounts receivable 124,800 109,800
Inventory 128,000 117,500
Total current assets 386,900 341,500
Plant assets (net) 659,000 530,300
Total assets $1,045,900 $871,800
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable $ 167,000 $152,400
Income taxes payable 45,500 44,000
Total current liabilities 212,500 196,400
Bonds payable 230,000 210,000
Total liabilities 442,500 406,400
Stockholders’ equity
Common stock ($5 par) 290,000 300,000
Retained earnings 313,400 165,400
Total stockholders’ equity 603,400 465,400
Total liabilities and
stockholders’ equity $1,045,900 $871,800
Net cash provided by operating activities for 2017 = $251,000
Capital expenditures = $135,000,
2017 Ratios:
(a) Earnings per share = $207,000 ($ /58,000 shares) = $3.57
(b) Return on common stockholders’ equity = $207,000/$603,400 * 100 = 34.31%
(c) Return on assets = $207,000/$1,045,900 * 100 = 19.79%
(d) Current ratio = $386,900/212,500 = 1.82
Average Receivable = ($124,800 + 109,800)/2 = $117,300
(e) Accounts receivable turnover = Net Sales/Average Receivable
= $1,897,540/$117,300 = 16.18 times
(f) Average collection period = 365 Days /Average Receivable Turnover ratio. = 365/16.18 = 22.56 days
Average Inventory = ($128,000 + 117,500)/2 = $122,750
(g) Inventory turnover = Cost of goods sold/Average Inventory = $1,065,540/122,750 = 8.68 times
(h) Days in inventory = 365/8.68 = 42.05 days
(i) Times interest earned = Earnings before interest & taxes / Tax expense = $325,000/$94,000 = 3.46 times
(j) Asset turnover = Net Sales/Assets = $1,897,540/$1,045,900 = 1.81
(k) Debt to assets ratio = Total Debt/Total Assets = $442,500/$1,045,900 * 100 = 42.31%
(l) Free cash flow = Cash from Operations - Capital Expenditures = $251,000 - $135,000 = $116,000
A corporation can earn 7.5% if it invests in municipal bonds. The corporation can also earn 8.5% (before-tax) by investing in preferred stock. Assume that the two investments have equal risk. What is the break-even corporate tax rate that makes the corporation indifferent between the two investments
Answer:
39.22%
Explanation:
Calculation for the break-even corporate tax rate
Using this formula
Municipal yield = After-tax preferred yield
7.50% = BT preference return ´ [1 - (1 - Dividend exclusion %)(T)]
Let plug in the formula
7.50% = 8.50% ´ [1 - 30.00% ´ (T)]
88.24% = [1 - 30.00% ´ (T)]
Tax rate (T) = 39.22%
Therefore the break-even corporate tax rate that makes the corporation indifferent between the two investments is 39.22%
In 2005, a loan broker and appraiser working for a subsidiary of Bank of America appraised the Cassies home at a fair market value of $620,000. Based on that appraisal and other representations by lending personnel, the Cassies elected to refinance their home with a $495,000 adjustable rate mortgage. Lending personnel told them their home would appreciate and they would be able to sell or refinance the home at a later date before having to make higher monthly loan payments. In 2010, the Cassies discovered their home was valued at $250,000. The monthly mortgage payments doubled in size. The Cassies stopped making payments on the mortgage, which had a balance due of $625,000. Soon after, the fair market value of the house was $200,000. Then, the bank foreclosed on the house and the Cassies moved in with family. The Cassies sued Bank of America for fraud. What is the result?
A. The Cassies will lose.
B. The Cassies will recover partial value of their foreclosed home.
C. The Cassies will win.
Answer:
C. The Cassies will win.
Explanation:
In the given case, the cassies would win as this was appraisal fraud that done by the company employee who is a Bank of america Subsidiary. Here the loan broker and the appraiser increase the fair market value of cassies home i.e. $620,000 but it would be lesser that is $250,000. So this inflate the value in order to make the payment of high rate with related to the mortgage
The real payoff of driving forces is to help managers understand: A. the extent to which rivals have more than two competitively valuable competencies or capabilities. B. what strategy changes are needed to prepare for the impacts of those driving forces. C. the overall strength of the five competitive forces model versus a strategic group map. D. whether the industry's strategic group map will be static or dynamic. E. what conditions exist in the economy at large.
Answer:
B. what strategy changes are needed to prepare for the impacts of those driving forces.
Explanation:
Driving force analysis is defined as the process by which managers and businesses identify and account for changes that occurs in the industry.
They influence the structure of the industry and also the competitive behaviour of rival companies.
So driving force analysis will help the manager formulate strategies that will mitigate the effects of these driving forces on the company's performance.
define private equity funds economics.
its like keeping the funds private and makeing sure no one knows alot about it
Describe the legal aspects of buying ?
Answer:
Legal aspects of buying and selling a business.
Pre-Sale. The key here is to ensure that appropriate advisers in place; such as tax, financial and legal advisers. ...
Heads of Agreement. ...
Due Diligence. ...
The Contract of Sale. ...
Warranties/Indemnities/Disclosure.
A cable TV company redesigned jobs so that one employee interacts directly with customers, connects and disconnects their cable service, installs their special services and collects overdue accounts in an assigned area. They also decided to do away with scripted customer interaction manuals and allow each employee to determine how best to interact with each customer. Previously, each task was performed by a different person and the customer interacted only with someone at the head office. This change most likely increased each employee's _______________. Group of answer choices
Answer:
the answer is dependence (I think, could be wrong though.)
Explanation:
6. The recommended approach for strategy formulation by a leader is for him or her to: Group of answer choices B. inspire a large number of people to help achieve organizational purposes. D. delegate the task to the company planning department. A. involve people in making only decisions that are less critical. C. rely heavily on mathematical forecasts of the future.
Answer:
B. inspire a large number of people to help achieve organizational purposes.
Explanation:
Business strategy sets the overall direction for the business; it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
The recommended approach for strategy formulation by a leader is for him or her to inspire a large number of people to help achieve organizational purposes.
Bridges and Lloyd, an accounting firm, provides consulting and tax planning services. For many years, the firm's total administrative cost (currently $250,000) has been allocated to services on the basis of billable hours to clients. A recent analysis found that 65% of the firm's billable hours to clients resulted from tax planning services, while 35% resulted from consulting services. The firm, contemplating a change to activity-based costing, has identified three components of administrative cost, as follows:
Staff Support $ 180,000
In-house computing charges 50,000
Miscellaneous office costs 20,000
Total $ 250,000
A recent analysis of staff support found a strong correlation between the number of staff personnel and the number of clients served (consulting, 20; tax planning, 60). In contrast, in-house computing and miscellaneous office cost varied directly with the number of computer hours logged and number of client transactions, respectively. Consulting consumed 30% of the firm's computer hours and had 20% of the total client transactions.
If Bridges and Lloyd switched from its current accounting method to an activity-based costing system, the amount of administrative cost chargeable to consulting services would:________.
a. decrease by $23,500.
b. change, but the amount cannot be determined based on the information presented.
c. increase by $23,500.
d. decrease by $32,500.
e. change by an amount other than those listed.
Answer:
Bridges and Lloyd
If Bridges and Lloyd switched from its current accounting method to an activity-based costing system, the amount of administrative cost chargeable to consulting services would:________.
d. decrease by $32,500.
Explanation:
a) Data and Calculations:
Total administrative cost = $250,000
Services Tax Planning Consulting Total
Traditional cost pool basis:
Billable hours to clients 65% 35% 100%
Administrative costs $162,500 $87,500 $250,000
Activity cost pool bases:
Client base 80% 20% 100%
Computer hours 70% 30% 100%
Total client transactions 80% 20% 100%
ABC Allocation:
Services Tax Planning Consulting
Staff Support $ 180,000 $144,000 $36,000
In-house computing charges 50,000 35,000 15,000
Miscellaneous office costs 20,000 16,000 4,000
Total $ 250,000 $195,000 $55,000
Tax Planning Consulting Total
Traditional $162,500 $87,500 $250,000
ABC system $195,000 $55,000 $250,000
Difference $32,500 -$32,500 $0
a) What do you understand by the term qualitative research?
-) Briefly examine five differences between qualitative and
JESTION THREE (3)
What is a research problem and why is it important?
Examine five (5) characteristics of a good problem stater
Answer:
Kindly check explanation
Explanation:
An indepth analysis or research which involves non-numerical findings and as such may involve the use of categorical variables such as texts and other non-numerical data in its analysis may be termed as a qualitative research. It is aimed at establishing a comprehensive distinction or categorization of variables in a non-numerical format.
The main differences between qualitative and quantitative research include :
Qualitative research are in textual or non-numeric format while quantitative are numeric
Qualitative research have fixed responses as they use discrete or continous numeric variables while quantitative research aren't fixed and are usually unstructured.
Qualitative research cannot be subjected to statistical analysis as they are non-numeric while quantitative research can be subjected to statistical evaluation.
When conducting a research, the intended problem which one aims to solve with the outcome of the research is referred to as the problem statement.
A good research problem should be clear and lucid enough.
It should address a very specific area of research
It should be rendered in an interpretable manner and open to data collection.
It should be be robust to lead to further investigation.
Enrique Industries purchased and consumed 50,000 gallons of direct material that was used in the production of 11,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of five gallons. If a review of Enrique's accounting records at the end of the period disclosed a material price variance of $5,000U and a material quantity variance of $3,000F, what is the actual price paid for a gallon of direct material
Answer:
$0.7 = actual price
Explanation:
First, we need to calculate the standard price using the direct material quantity variance:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
3,000 = (11,000*5 - 50,000)*standard price
3,000 = 55,000standard price - 50,000standard price
3,000/5,000 = standard price
$0.6= standard price per gallon
To calculate the actual price paid per gallon, we need to use the direct material price variance:
Direct material price variance= (standard price - actual price)*actual quantity
-5,000 = (0.6 - actual price)*50,000
-5,000 = 30,000 - 50,000actual price
-35,000 = -50,000actual price
$0.7 = actual price
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,125. Fragmental collected the entire $9,000 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:
Answer:
Debit unearned rent for $3,375
........Credit rent revenue for $3,375
Explanation:
The adjusting entry made by Fragmental Co. on December 31 is calculated as;
Number of months from October 1st to December 31st = 3 months
Rent revenue earned for 3 months = $1,125 × 3 = $3,375
Therefore, the adjusting entry would be;
Debit unearned rent for $3,375
..........Credit rent revenue for $3,375
The adjusting entry made by Fragmental Co. on December 31 would be a debit to Unearned Rent and a credit to Rent Revenue for $3,450. The correct option is d.
$3,450 in unearned rent a/c Dr.
$3,450 in rent revenue.
Unearned rent is deducted because it is the company's liability. The value of unearned rent is reduced due to the company's adjustment of unearned rent into rent income, and a fall in the value of unearned rent is always debited because it is a liability.
Rent revenue is credited since it is a company revenue/gain, and all company revenue/gains are always recognised in the books of accounts.
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The question is incomplete, but the complete question most probably was:
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,150. Fragmental collected the entire $9,200 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:
Multiple Choice
a)A debit to Rent Revenue and a credit to Cash for $3,450.
b)A debit to Rent Revenue and a credit to Unearned Rent for $3,450.
c)A debit to Cash and a credit to Rent Revenue for $9,200.
d)A debit to Unearned Rent and a credit to Rent Revenue for $3,450.
e)A debit to Unearned Rent and a credit to Rent Revenue for $5,750
Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required Allocate the joint product cost among the three final products using weight as the allocation base. Allocate the joint product cost among the three final products using market value as the allocation bas
Answer:
Ferrier Chemical Company
Allocation of the joint cost, using weight as the allocation base:
For B7 = $140,000 ($600,000*35,000/150,000)
For K6 = $300,000 ($600,000*75,000/150,000)
ForX9 = $160,000 ($600,000*40,000/150,000)
Allocation of the join cost, using market value:
For B7 = $78,750 ($600,000*$210,000/$1,600,000)
For K6 = $281,250 ($600,000*$750,000/$1,600,000)
For X9 = $240,000 ($600,000*$640,000/$1,600,000)
Explanation:
a) Data and Calculations:
Joint cost of a standard batch = $600,000
B7 K6 X9 Total
Pounds generated 35,000 75,000 40,000 150,000
Sales price per pound $6 $10 $16
Market value $210,000 $750,000 $640,000 $1,600,000
Allocation of the joint cost, using weight as the allocation base:
For B7 = $140,000 ($600,000*35,000/150,000)
For K6 = $300,000 ($600,000*75,000/150,000)
ForX9 = $160,000 ($600,000*40,000/150,000)
Allocation of the join cost, using market value:
For B7 = $78,750 ($600,000*$210,000/$1,600,000)
For K6 = $281,250 ($600,000*$750,000/$1,600,000)
For X9 = $240,000 ($600,000*$640,000/$1,600,000)
b) The market value for each product class is a function of the quantity produced multiplied by the sales price per unit.
At date t, a trader buys a bear spread using two European put options on the same stock. The date t stock price is $35 per share. Both put options have the same expiration date, T. The first put option is priced at $2.43 per share and has a strike price equal to $35 per share. The second put option is priced at $0.68 per share and has a strike price equal to $30 per share. At date T, what is the break-even stock price per share
Answer:
$33.25
Explanation:
The break-even point is calculated as: Higher strike price - Initial cost.
Initial cost = Cost of buying the higher strike price put option - Amount earned by selling the lower strike put option
Initial cost = $2.43 - $0.68
Initial cost = $1.75 per share
Break-even point = Higher strike price - Initial cost
Break-even point = $35 - $1.75
Break-even point = $33.25
The 10% bonds payable of Crane Company had a carrying amount of $4060000 on December 31, 2020. The bonds, which had a face value of $3900000, were issued at a premium to yield 8%. Crane uses the effective-interest method of amortization. Interest is paid on June 30 and December 31. On June 30, 2021, several years before their maturity, Crane retired the bonds at 104 plus accrued interest. The loss on retirement, ignoring taxes, is:_____.
Answer:
The correct answer is "43,000".
Explanation:
The given values are:
Carrying amount,
= $4060000
Face value,
= $3900000
Now,
For June 30, 2021, the Interest expense will be:
= [tex]4060000\times 10 \ percent\times \frac{1}{2}[/tex]
= [tex]203,000[/tex]
For June 30, 2021, the cash interest will be:
= [tex]3900000\times 8 \ percent\times \frac{1}{2}[/tex]
= [tex]156,000[/tex]
Now,
On June 30, 2021, the premium's amortization will be:
= Interest expense - Cash interest
= [tex]203,000-156,000[/tex]
= [tex]47,000[/tex]
On retirement, the cash paid will be:
= [tex]3900000\times 104 \ percent[/tex]
= [tex]4,056,000[/tex]
On June 30, 2021, the less carrying amount will be:
= Carrying amount - amortization
= [tex]4060000-47000[/tex]
= [tex]4,013,000[/tex]
Then,
The loss on retirement as well as ignoring taxes will be:
= Cash paid - less carrying amount
= [tex]4,056,000-4,013,000[/tex]
= [tex]43,000[/tex]
what does "the customer is always right" mean
Identify the possessive pronoun in the following sentence: "I love my new computer!"
A I
B love
C
my
Answer:
A
Explanation:
A company establishes a $2,050 petty cash fund on May 2. On May 30, the fund shows $868 in cash along with receipts for the following expenditures: transportation-in, $160; postage expenses, $589; and miscellaneous expenses, $440. The petty cashier could not account for a $7 overage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare the (1) May 2 entry to establish the fund, (2) May 30 entry to reimburse the fund [Hint: Credit Cash Over and Short for $7 and credit Cash for $1,182], and (3) June 1 entry to increase the fund to $2,400.
Answer:
Explanation:
Petty cash $2,050
Cash $2,050
Merchandise inventory $160
Postage Expense $589
Misc. expenses $440
Credit:
Cash over and short $7
Cash
Petty Cash $350
Cash $350
(2400-2050)
Direct materials $10 Direct labor $6 Variable manufacturing overhead $4 Fixed manufacturing overhead per year $220,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $6 Fixed selling and administrative expense per year $61,000 Year 1 Year 2 Units in beginning inventory 0 1,000 Units produced during the year 11,000 10,000 Units sold during the year 10,000 7,000 Units in ending inventory 1,000 4,000 The net operating income (loss) under variable costing in Year 1 is closest to:
Answer:
Results are below.
Explanation:
I will assume a selling price per unit of $60.
First, we need to calculate the total unitary variable cost:
Total unitary variable cost= direct material + direct labor + varaiboe overhead + variable selling and administrative expense
Total unitary variable cost= 10 + 6 + 4 + 6
Total unitary variable cost= $26
Now, we can structure the income statement:
Sales= 10,000*60= 600,000
Total variable cost= 10,000*26= ( 260,000)
Contribution margin= 340,000
Fixed manufacturing overhead per year= (220,000)
Fixed selling and administrative expense per year= (61,000)
Net operating income= 59,000
At 20 years old, Josh is an avid saver. He wants to put an equal amount each year from age 21 to 50 (30 years) such that starting at age 65 he can make a guaranteed annual withdrawal of $45,000 forever without touching the corpus, which will be the inheritance money for his family. He will make no deposits during the years of age 51 through 65. At a conservative return of 6% per year for all the years, what amount must he invest each year from age 21 through 50
Answer:
$3,958.47
Explanation:
we must determine the present value of his savings at age 65:
present value = annual withdrawal / 6% = $750,000
the present value of his savings at age 50 = $750,000 / (1 + 6%)¹⁵ = $312,949
annual contributions = $312,949 / 79.058 (FVIFA, 6%, 30 peridots) = $3,958.47
The Bloomfield Corporation sells three items of inventory: rulers, mechanical pencils, and notebooks. The company begins operations on April 1, 2017 by purchasing 100 rulers at $6 each; 70 mechanical pencils at $8 each; and 120 notebooks at $7 each. Using the information above, calculate the book value (i.e., balance sheet value) of the three categories of inventory that Bloomfield would report as of April 1, 2017. Rulers: Pencils: Notebooks: Total: Now assume that Bloomfield incurs the following additional expenditures to acquire the inventory on April 1, 2017: The 100 rulers have a flat shipping fee of $15. The mechanical pencils are imported; each unit is subject to an import duty of $0.50. The notebooks ship with a flat fee of $12 plus $0.10 per unit. Re-calculate the book value of the three inventory categories as of April 1, 2017, taking into account the additional expenditures noted above.
Answer:
Value of inventories
1. Rulers = 100*$6 = $600
2. Pencils = 70*$8 = $560
3. Notebooks = 120*$7 = $840
Total $2,000
Value of inventories after additional information
1. Rulers = [(100*$6) + $15] = $615
2. Pencils = (70*$8) + (70*$0.50) = $595
3. Notebooks= (120*$7) + $12 + (120*$0.10) $864
Total $2,074
The value carried by the inventories would be as follows:
1. Rulers [tex]= 100[/tex] × $[tex]6[/tex] [tex]=[/tex] $[tex]600[/tex]
2. Pencils [tex]= 70[/tex] × $[tex]8[/tex] [tex]=[/tex] $[tex]560[/tex]
3. Notebooks [tex]= 120[/tex] × $[tex]7[/tex] [tex]=[/tex] $[tex]840[/tex]
Total $[tex]2,000[/tex]
What is a Balance Sheet?A Balance sheet is described as the sum up of the equity, assets, as well as liabilities held by an organization at the end of a year.
The valuation or the cost of inventories post the addition would be as follows:
1. Rulers [tex]= 100[/tex] × $[tex]6[/tex] + $[tex]15[/tex] [tex]=[/tex] $[tex]615[/tex]
2. Pencils [tex]= 70[/tex] × $[tex]8[/tex] [tex]+ (70[/tex] × [tex]0.50)[/tex] [tex]=[/tex] $[tex]595[/tex]
3. Notebooks [tex]= 120[/tex] × $[tex]7[/tex] + [tex]$12 + (120[/tex] × [tex]$0.10)[/tex] [tex]=[/tex] $[tex]864[/tex]
Total $[tex]2074[/tex]
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Consider the free cash flow approach to stock valuation. Utica Manufacturing Company is expected to have before-tax cash flow from operations of $500,000 in the coming year. The firm's corporate tax rate is 30%. It is expected that $200,000 of operating cash flow will be invested in new fixed assets. Depreciation for the year will be $100,000. After the coming year, cash flows are expected to grow at 6% per year. The appropriate market capitalization rate for unleveraged cash flow is 15% per year. The firm has no outstanding debt. The projected free cash flow of Utica Manufacturing Company for the coming year is _______.
Answer:
$180,000
Explanation:
Calculation for what The projected free cash flow of Utica Manufacturing Company for the coming year is
First step is to calculate After-tax unleveraged income
Before-tax cash flow from operations $500,000
Less Depreciation $100,000
Taxable income$400,000
($500,000-$100,000)
Less Taxes $120,000
(30%*400,000)
After-tax unleveraged income$280,000
($400,000-$120,000)
Now let calculate The PROJECTED FREE CASH FLOW
After-tax unlevered income + depreciation $380,000
($100,000+$280,000)
Less New investment $200,000
Free cash flow$180,000
($380,000-$200,000)
Therefore The projected free cash flow of Utica Manufacturing Company for the coming year is $180,000
When should a transfer of receivables be recorded as a sale? The buyer surrenders control of the receivables to the seller. The transferor does not maintain effective control over the transferred assets through an agreement to repurchase or redeem them prior to their maturity. The transferor maintains effective control over the transferred assets through an agreement to repurchase or redeem them prior to their maturity. The transferred assets are isolated from the transferor.
Answer:
The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.
Explanation:
The code for transfer of receivable provisions, allows creditor of a debt to have the right to transfer his/ her receivable right to another person, provided that the transaction is permitted by the law/ contract nature of business. Transfer of receivables permit the third person/ party to be included in the relationship that exist between debtor and creditor, and this allows him/ her to near the title of creditor.The receivable must be an existing one before the receivable transfer can be possible. It should be noted that for transfer of receivables be recorded as a sale, The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.
Receivables, also defined as accounts receivable, are debts outstanding to a company by customers for goods or services that have been used or produced but have not yet been paid for.
Receivables are produced when a corporation extends a line of credit to a client, and they are recorded as current assets on the balance sheet.
The transferor has no effective control over the transferred financial asset or even the asset class third-party advantageous interest.
The reason for the correct answer is:
The code for transfer of receivable provisions permits a borrower's creditor to transfer his or her receivables right to another person if the transaction is permitted by law/contract nature of business. Transfer of receivables permits a third party to be included in the debtor-creditor relationship, allowing him or her to come close to holding the title of creditor. Before a payable transfer may actually occur, the receivable should already exist. It is important to focus on in order for a transfer of receivables to be recorded as a sale, the grantor must not have effective control over the transmitted capital product or a third-party advantageous interest in the asset.
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Creating a Business Plan: Why is the section on key personnel so important?
Answer:
D- Investors invest in people even more than ideas.
Explanation:
Took the quiZ
You are planning to save for retirement over the next 30 years. To do this, you will invest $850 per month in a stock account and $350 per month in a bond account. The return of the stock account is expected to be 10% compounded monthly, and the bond account will pay 6% compounded monthly. When you retire, you will combine your money into an account with a return of 5% compounded monthly. How much can you withdraw each month from your account assuming a 25-year withdrawal period?
Answer:
$13,287.70
Explanation:
first we must calculate the future value:
future value of stock account = $850 x [(1 + 0.1/12)³⁶⁰ - 1 ] / (0.1/12) = $1,921,415
future value of bond account = $350 x [(1 + 0.06/12)³⁶⁰ - 1 ] / (0.06/12) = $351,580
total future value = $2,272,995
monthly withdrawal = value of account / PVIFA
PVIFA, 300 periods, 0.4167% = [1 - 1/(1 + 0.05/12)³⁰⁰] / (0.05/12) = 171.06
monthly withdrawal = $2,272,995 / 171.06 = $13,287.70
A reality of living in a risk society is that:____________
a. social justice is, in fact, dispensed equally across all citizen groups, irrespective of ethnicity, income level, or other factors.
b. incomes are regulated by government policy to ensure equality across professions and worker class.
c. laws cannot be enacted to regulate corporations' adherence to accounting rules.
d. currency exchange rates are set by the Caux Principles.
e. the creation and distribution of wealth generate by-products that can cause injury, loss, or danger to people and the environment.
Answer:
e
Explanation:
what is the role of marketing?
. AT&T's decision to move its corporate headquarters meant that about 700
of the company's best-paid executives were moving to the Dallas area.
What did that probably do to the demand curve for expensive homes in the
Dallas area?
A. Shift to the left B. Shift to the right
Answer:
nn
Explanation:
d
A bond with face value of $500,000 has a bid quote of 99.1227 and an asked quote of 99.3996. How much will you, an investor, pay to purchase 10 of these bonds
Answer: 4969980
Explanation:
Based on the information given in the question, the following can be deduced:
Face value = $500,000
Bid quote = 99.1227
Ask quote = 99.3996
The amount that will be paid by an investor to purchase 10 of these bonds will be:
= 10 × Face value × Ask price
= 10 × 500000 × 99.3996%
= 10 × 500000 × 0.993996
= 4969980