The bank analyzes potential borrowers' debt-to-income ratio in order to find out option b. how much money they owe.
What is the debt to income ratio?It is the rato that shows in the percentage form with respect to the gross income to the paying debts.
So at the time when the bank analyzes potential borrower so here the money that owe should be compared with the earning amount.
Hence, the option b is correct.
Learn more about ratio here: https://brainly.com/question/24542733
in your own idea, are "doing good for others" and "doing well for oneself" conflicting ideas? Which would you choose and why?
Answer:
The "Invisible Hand" orden a sus In his 1776 book The Wealth of Nations, Adam Smith first noted that the operation of a market system creates a curious unity between private interests and social interests. Firms and resource suppliers, seeking to further their own self-interest and operating within the framework of a highly competitive market system, will simultaneously, as though guided by an “invisible hand," promote the public or social interest. For ex- ample, we have seen that in a competitive environment, businesses seek to build new and improved products to increase profits. Those enhanced products increase society's well-being. Businesses also use the least costly combination of resources to produce a specific output because it is in their self-interest to do so. To act otherwi forgo profit or even to risk business failure. But, at the same time, to use scarce resources in the least costly way is clearly in the social interest as well. It "frees up" resources to produce something else that society desires. Self-interest, awakened and guided by the competitive market system, is what in- duces responses appropriate to the changes in society's wants. Businesses seeking to make higher profits and to avoid losses, and resource suppliers pursuing greater mon- etary rewards, negotiate changes in the allocation of resources and end up with the output that society wants. Competition controls or guides self-interest such that self- interest automatically and quite unintentionally furthers the best interest of society The invisible hand ensures that when firms maximize their profits, and resource SP ety's output and and pliers maximize their incomes, these groups also help maximize society income.
Pharoah Company had beginning inventory of $18600 at March 1, 2022. During the month, the company made purchases of $80600. The inventory at the end of the month is $21450. What is cost of goods sold for the month of March? A. $99200 B. $102050 C. $80600 D. $77750
Answer:
D. $77,750
Explanation:
Cost of goods sold is calculated as;
= Beginning inventory + Purchases - Ending inventory
Given that;
Beginning inventory = $18,600
Purchases = $80,600
Ending inventory = $21,450
Cost of goods sold
= $18,600 + $80,600 - $21,450
Cost of goods sold = $77,750
Cost of goods sold for the month of March is $77,750
Project L costs $30,000, its expected cash inflows are $8,000 per year for 8 years, and its WACC is 10%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places.
Answer:
4.93 Years
Explanation:
Detailed calculation of the answer is given below. Note the following:
1) The Cash flows and Cumulative Cash flows are written without rounding off (as mentioned in question not to round off intermediate calculations)
2) The final answer is given in two decimal places (as mentioned in question)
Year Cash flows ($) Cumulative Cash flows ($)
0 (30,000) (30,000)
1 7,272.727272727 (22,727.272727272)
2 6,611.570247933 (16,115.702479338)
3 6,010.518407212 (10,105.182072126)
4 5,464.107642920 (4,641.076429205)
5 4,967.370584473 326.294155267
6 4,515.791440430 4,842.085595697
7 4,105.264945845 8,947.350541543
8 3,732.059041677 12,679.409583221
Discounted Payback Period = 4 + (4641.076429205/4967.370584473)
= 4.93 Years
The basic purpose of the securities laws in the United States is to regulate the issuance of investment securities by:_____.A. Providing a regulatory framework in those states which do not have their own securities laws.
B. Requiring disclosure of all relevant facts so that investors can make informed decisions.
C. Prohibiting the issuance of securities which the Securities and Exchange Commission determines are not of investment grade.
D. Channeling investment funds into uses which are economically most important.
Answer:
B. Requiring disclosure of all relevant facts so that investors can make informed decisions.
Explanation:
The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.
In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.
The basic purpose of the securities laws in the United States is to regulate the issuance of investment securities by requiring disclosure of all relevant facts so that investors can make informed decisions.
Some of the forms to be filled as required by the United States of America, Securities and Exchange Commission (SEC) includes;
1. Form 10-K.
2. Form 10-Q.
3. Form 8-K.
You invest $650 in security A with a beta of 1.2 and $450 in security B with a beta of 0.7. The beta of this portfolio is _________.
Answer:
Beta of this portfolio = 0.9953
Explanation:
Given:
Investment in security A = $650 beta 1.2
Investment in security B = $450 beta 0.7
Find:
Beta of this portfolio
Computation:
Beta of this portfolio = [650 / (650+450)]1.2 + [450 / (650+450)]0.7
Beta of this portfolio = [650 / (1,100)]1.2 + [450 / (1,100)]0.7
Beta of this portfolio = 0.7090 + 0.2863
Beta of this portfolio = 0.9953
do some quick math to compare how much alana should be making per month and to compare it to how much she’s spending to determine why alana’s concerned.
Question Completion:
Alana earns $150 per week. She spends a total of $524 per month. She plans to save $200 per month. Out of her total spending, her real needs are as follows:
Car Insurance - $70
Gas for Car - $70
Cell phone - $50
Shoes - $60
Wants:
Coffee - $40
Movies - $36
The remainder of her expenses is on frivolities (called miscellaneous expenses).
Answer:
1. Alana should be making $600 ($150 * 4) per month.
2. Alana is not spending $76 ($600 - $524) per month.
3. She is concerned because she is not meeting her savings goal of $200 per month. If she concentrates her expenses per month on her needs and wants only, she will be spending only $326. This will enable her to save $274 per month, thereby exceeding her target.
Explanation:
a) Data and Calculations:
Car Insurance = $70
Gas for Car = $70
Cell phone = $50
Shoes = $60
Wants:
Coffee = $40
Movies = $36
Total expenses $326
Compound interest is usually better than simple interest because it pays interest on the principal and the interest earned in each period. interest on the entire principal rather than the interest in each period. more, as it is matched by an employer’s 401k contribution. more often throughout the year rather than once a year.
Answer:
A) interest on the principal and the interest earned in each period
Interest is the return of an amount over the payment of principal by a lender or payment financial company to a creditor or bondholder at a set rate. It is not to be confused with a fee that the borrower may pay to the creditor or a potential buyer.
The correct option is interest on the principal and the interest earned in each period.
The reason for the correct answer is:
The original investment of a debt or investment is the main attribute to calculate simple interest. Compound interest is calculated by using the principal sum and the curiosity that accumulates on it over time.
Simple interest is easier to compute as compared to compound interest because it is calculated on the principal balance of the loan or bank.
The simple interest is calculated as:
[tex]\text{Simple interest} = P \times R \times T[/tex]
On the other hand, the compound interest is calculated as:
[tex]\text{Compound Interest} = P\times (1+r)^{t} -P[/tex]
To know more about the simple and the compound interest, refer to the link below:
https://brainly.com/question/11203691
Given the following, calculate total manufacturing costs: Direct materials cost: $62,000 Direct labor cost: $78,000 Manufacturing overhead applied: $46,000 Actual manufacturing overhead: $51,000 Beginning Work in process inventory: $32,000 Ending Work in process inventory: $35,000 a) $186,000 b) $188,000 c) $191,000 d) $183,000
Answer:
a) $186,000
Explanation:
The computation of the total manufacturing cost is shown below:
= Direct material cost + direct labor cost + manufacturing overhead applied
= $62,000 + $78,000 + $46,000
= $186,000
Hence, the total manufacturing cost is $186,000
Therefore the correct option is A.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
On January 1, 2018, Busy Beaver, Inc., signed a $315,000, 5-year note payable to buy a new industrial veneer cutter. Busy Beaver plans to use the machine for 10 years and then sell it for its scrap value of $5,000. Using straight-line depreciation, Depreciation Expense for the year ended December 31, 2018 equals ______.
a. $284,000.
b. $31,500.
c. $283,500.
d. $31,000.
Answer:
Annual depreciation= $31,000
Explanation:
Giving the following information:
Purchase price= $315,000
Useful life= 10 years
Salvage value= $5,000
To calculate the depreciation expense, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (315,000 - 5,000) / 10
Annual depreciation= 310,000/10
Annual depreciation= $31,000
lidge points from all the parts i
Part A
1) What is the idea behind frequency distribution?
2) Which is the common sampling method?
3) What is the measure of central tendency called?
4) What observation basically describes a sample size?
5) What is the measure of dispersion from a mean called?
6) Sample mean or the population mean: which varies the most?
7) Sample mean or individual observation: which varies the most?
8) What is the benefit of increasing the sample size?
9) Numerically characterize a Standard Normal Distribution
Answer:
a frequency distribution is an overview of all different values in some variable and the number of times they occur that is frequency distribution tells how frequencies are distributed over values frequency distributions are mostly used for summarizing categorical variables.
in non probability sampling the sample is selected based on the random criteria and not every member of the population has a chance of being included, non probability sampling methods include convenience sampling voluntary response sampling purposive sampling snowball sampling and quota sampling.
in statistics a central tendency (or measure of central tendency) is a central or typical value for a probability distribution. ... Colloquially measures of central tendency are often called averages the term central tendency dates from the late 1920s
Merger Co. has 10 employees, each of whom earns $1,700 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $132,900 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay. FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to each employee.
Prepare the March 31 journal entry to record the March payroll taxes expenses. (Round your answers to 2 decimal places.)
Answer:
Date Description Debit Credit
March, 31 Payroll Tax expense $2,320.50
FICA Social Security taxes $1,054
FICA Medicare taxes $ 246.50
FUTA taxes $ 102
SUTA taxes $ 918
Working
FICA Social Security taxes = 1,700 * 10 * 6.2% = $1,054
FICA Medicare taxes = 1,700 * 10 * 1.45% = $246.50
FUTA Taxes = 1,700 * 10 * 0.6% = $102
SUTA Taxes = 1,700 * 10 * 5.4% = $918
Payroll Tax expense = 1,054 + 246.50 + 102 + 918 = $2,320.50
Trade deficits usually occur when crops are in short supply.
O True
O False
TRUE or FALSE
1. Stressors are not the same for everyone
2. Adolescence and parents should have open communication
3. Self development is developing the whole person
4. Defense mechanism decrease your anxiety
5. Adolescence is an important period in one's life
Answer:
1. True
2. True
3. True
4. False
5. True
Explanation:
Answer:
1.F
2.T
3.T
4.T
5.T
Explanation:
11. Do you think consistent increase in a country's imports has a favourable impact on its production and employment? WHY?
Answer:
A country induce imports mainly due to two strategies. First is when the needs is to be satisfied for a commodity that cannot be produced domestically or to foster competition in the domestic country.
When the imports increase the domestic industries tries to improve their operations by increasing efficiency which leads to better economic growth and employment opportunities.
The manager of Marigold is given a bonus based on net income before taxes. The net income after taxes is $50490 for FIFO and $40200 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?
Answer:
$2,058
Explanation:
the bonus when FIFO method is used = $50,490 x 20% = $10,098
the bonus when LIFO method is used = $40,200 x 20% = $8,040
the difference = $10,098 - $8,040 = $2,058
First in. first out (FIFO) method assigns cost of goods sold based on the price of the oldest units purchased, while last in, first out (LIFO) assigns cost of goods sold based on the price of the last units purchased. When the cost of merchandise increases during the year, FIFO method will result in lower COGS and higher net income.
At the end of March, the unadjusted trial balance of Tutor, Inc. included the following accounts:
Tutor uses the balance sheet approach in estimating uncollectible accounts expense, and aging the accounts receivable indicates the estimated uncollectible portion to be $8,600. What is the amount of uncollectible accounts expense recognized in Tutor's income statement for March?
A. $8,600
B. $6,800
C. $10,400
D. $1,800
Answer:
A. $8,600
Explanation:
the journal entry to record uncollectible accounts expense is:
March 31, 202x, bad debt expense
Dr Bad debt expense 8,600
Cr Allowance for uncollectible accounts 8,600
Allowance for uncollectible accounts is a contra asset asset that decreases the net balance of accounts receivable. While bad debt expense is a temporary account that is included under operating expenses in the income statement.
Synovec Corporation is expected to pay the following dividends over the next four years: $5.20, $16.20, $21.20, and $3.00. Afterward, the company pledges to maintain a constant 5.5 percent growth rate in dividends forever. If the required return on the stock is 9 percent, what is the current share price?
Answer:
Present value = $92.6899 rounded off to $92.69
Explanation:
Using the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the present value of the next four dividends, we will use the following formula,
Present value = D1 / (1+r) + D2 / (1+r)^2 + D3 / (1+r)^3 + D4 / (1+r)^4 +
[(D4 * (1+g) / (r - g)) / (1+r)^4]
Where,
r is the required rate of return g is the constant growth rate in dividends
Present value = 5.2 / (1+0.09) + 16.2 / (1+0.09)^2 + 21.2 / (1+0.09)^3 +
3 / (1+0.09)^4 + [(3 * (1+0.055) / (0.09 - 0.055)) / (1+0.09)^4]
Present value = $92.6899 rounded off to $92.69
On January 1, 2022, Siewart, Inc. granted 14.5 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within four years. The common shares have a market price of $6 per share on the grant date. Ignoring taxes, and assuming that Siewart has a December 31st year end, what is the effect of this grant on Siewart's 2023 earnings?
Answer and Explanation:
The computation of the impact of the grants on 2023 earnings is as follows:
The Total value of shares is
= 14.5 million per share × $6 per share
= $87 million
Now for one year it is
= $87 ÷ 4 years
= $21.75 million
By this same amount i.e. $21.75 would be reduced in the first years and reduced in future years accordingly
Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets is most likely an example of:________. A. actual cost differences. B. seconddegree price discrimination. C. firstdegree price discrimination. D. thirddegree price discrimination.
Answer:
A)Actual cost differences
Explanation:
Actual cost in domain of finance can be explained as the actual cost that are needed to make a unit of product in an organization that are producing. It could be the actual cost of direct labor
overhead as well as direct materials.
The difference that exist in between actual cost and standard cost in a business can be regarded as variance, whenever standard cost is low compare to actual cost then variance become unfavorable.It should be noted that an example of Actual cost differences is
Charging a higher price for a motel room to customers with dogs or cats than to customers with no pets
Southland Company is preparing a cash budget for August. The company has $18,100 cash at the beginning of August and anticipates $123,000 in cash receipts and $136,700 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:A. $0.B. $10,000.C. $6,700.D. $7,000.E. $27,700.
The options provided are incorrect. The correct answer is given below.
Answer:
The company needs to borrow $5600 to maintain the desired ending balance of $10000
Explanation:
To calculate the amount that Southland will need to borrow, we must first calculate the ending cash balance for the month of August. The ending cash balance can be calculated as follows,
Ending balance = Opening balance + Receipts - Payments
Plugging in the values for beginning balance, receipts and payments for the month, we calculate the ending balance to be,
Ending balance = 18100 + 123000 - 136700
Ending balance = $4400
Difference between desired and ending balance = 10000 - 4400 = 5600
So, the company needs to borrow $5600 to maintain the desired ending balance of $10000
What spending category claimed the largest share of federal outlays during the 1960s? How about during the most recent decade?
The question is incomplete, below is the complete question.
Summarize how Federal spending priorities has changed since the 1960s.
(Changing budget priorities) What spending category claimed the largest share of federal outlays during the 1960s? How about during the most recent decade?
Answer:
A) Addressing on a national defence,largest share of federal outlays was claimed during the 1960s.
So to say,during the said 1960s, what contributed between 40 to 50 percent of federal outlays is spending on national defence.
B) Following the coming decade, that is during the most recent decade, Federal government having moved it's focus of spending from national defense to income redistribution. Some programs like Medicare,social security as well as other welfare related programs now account for federal spending.
Recently in this decade,just Medicare accounts for up to 30 percent of the federal outlays and when combined with welfare spending,up to 50% percent big outlays is visibly seen for these programs.
Moreover, spending on national defense has always been fixed in recent decades at about 18%.
how do you pay taxes and is it hard ( just curious)
If the risk-free rate is 5.60 percent and the risk premium is 4.6 percent, what is the required return?
Answer:
Required return = 10.2 %
Explanation:
Given:
Risk-free rate = 5.6 %
Risk premium = 4.6 %
Find:
Required return
Computation:
Required return = Risk-free rate + Risk premium
Required return = 5.6 % + 4.6 %
Required return = 10.2 %
According to Miles and Snow, a company that operates in at least two different product-market areas in which one product is stable and the other one is variable, reflects which strategic orientation?A) initiators
B) reactors
C) analyzers
D) prospectors
E) defenders
Financial information is presented below:________.Operating expenses $ 63000Sales returns and allowances 4000Sales discounts 5000Sales revenue 156000Cost of goods sold 92000The amount of net sales on the income statement would be:_________.
Answer: $147,000
Explanation:
Net Sales is calculated by deducting the Sales returns and allowances as well as the Sales discounts from Sales revenue.
= Sales revenue - Sales returns and allowances - Sales discounts
= 156,000 - 4,000 - 5,000
= $147,000
On September 12, Vander Company, Inc. sold merchandise in the amount of $5,800 to Jepson Company on credit with terms of 2/10, n/30. The cost of the items sold is $4,000. Vander uses the gross method of accounting for sales and a periodic inventory system. On September 14, Jepson returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. Jepson pays the invoice on September 18 and takes the appropriate discount. The journal entry that Vander makes on September 18 is:_________.
A) Cash 5,684
Sales discounts 116
Accounts receivable 5,800
B) Cash 5,800
Accounts receivable 5,800
C) Cash 4,000
Accounts receivable 4,000
D) Cash 5,684
Accounts receivable 5,684
E) Cash 5,194
Sales discounts 106
Accounts receivable 5,300
Answer:
E). Cash 5,194
Sales discounts 106
Accounts receivable 5,300
Explanation:
Preparation of the journal entry that Vander makes on September 18
Preparation of the journal entries made that Vander made earlier
Sep. 12
Dr Accounts receivable 5800
Cr Sales revenue 5800
(Being to record sales on account)
Sep. 14
Dr Sales returns and allowances 500
Cr Accounts receivable 500
(Being to record sales returns)
Preparation of the Journal entry that Vander makes on September 18
Sep. 18
Dr Cash 5194
[($5,800 -$500)- $106]
Cr Sales discount 106
[($5,800-$500) - (2% x $5,300)]
Cr Accounts receivable 5,300
($5,800 - $500)
(Being to record collection on account)
The following inventory was available for sale during the year for Dolphin Tools: Beginning inventory 10 units at $120 First purchase 15 units at $165 Second purchase 30 units at $210 Third purchase 20 units at $195 Dolphin Tools has 25 units on hand at the end of the year. What is the dollar amount of inventory at the end of the year according to the first-in, first-out method?a. $6,600.b. $11,900.c. $6,300.d. $7,800.
Answer: $4,950
Explanation:
If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.
The 25 units at the end of the year will be the most recent units purchased and so will be;
20 units from the third purchase
5 units from the 2nd purchase
Inventory value = (20 * 195) + ( 5 * 210)
= $4,950
The options are not for this question.
ABC Inc. custom makes furniture. It has 20 workers who produce 135 units per quarter each. The cost per unit is $2500.00. If a pure chase strategy is used, how many workers are fired or hired during quarter 2?
Be as close as possible.The quarterly demand information is provided below.
Q1:3,000 units, Q2:500 units, Q3:4,500 units, Q4:6,000 units
A) Hired 20 workers
B) Hired 5 workers
C) Fired 19 workers
D) No one is hired
Carla Vista Co. has a tax rate of 30% and income before non-operating items of $1392000. It also has the following items (gross amounts). Unusual loss $222000 Discontinued operations loss 605000 Gain on disposal of equipment 46500 Change in accounting principle increasing prior year's income 317500What is the amount of income tax expense Carla Vista would report on its income statement?A. $162,400.B. $185,600.C. $124,000.D. $198,400.
Answer: $364950
Explanation:
Based on the scenario and information that have been provided in the question, the amount of income tax expense that Carla Vista would report on its income statement will be calculated as:
= (Income before non-operating items - Unusual loss + Gain on disposal of equipment) × Tax rate
= ($1392000 - $222000 + $46500) × 30%
= $1216500 × 0.3
= $364950
The level strategy and the chase strategy are examples of a(an)________ aggregate production strategy.
a) Long term
b) Constant
c) Pure
d) Combined
Answer:
c) Pure
Explanation:
Chase, Level and Mixed are the three type of aggregate production strategy. Both level and chase strategy are pure strategies in terms of operations planning wherein the aggregate resources are matched with that of the capacity to satisfy the production level in its aggregate form, when applied in isolation. The other options of constant, long-term and combined does not hold true because Chase cannot be constant, and level and chase are not mixed to make it a combined one while it could be both long or short term in nature.