Answer:
c. 6.0 times.
Explanation:
The computation of the inventory turnover ratio is shown below:
As we know that
Inventory turnover ratio is
= Cost of goods sold ÷ average inventory
= $604,000 ÷ ($89,000 + $128,000) ÷ 2
= $604,000 ÷ $108,500
= 5.57 times
= 6 times
Hence, the inventory turnover ratio of Swifty is 6.0 times
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Fronthouse Corp. issues 10,000 shares of no-par value preferred stock for cash at $60 per share. The journal entry to record the transaction will consist of a debit to Cash for $600,000 and a credit (or credits) to:__________.
Preferred Stock for $20,000 and Retained Earnings for $580,000.
Retained Earnings for $600,000.
Preferred Stock for $20,000 and Additional Paid-in Capital for $580,000.
Preferred Stock for $600,000.
Answer:
Preferred Stock for $20,000 and Retained Earnings for $580,000
Or
Retained Earnings for $600,000
Or
Preferred Stock for $600,000
Explanation:
Based on the information given we were told that they issues 10,000 shares of no-par value preferred stock for cash at the amount of $60 per share which means that the journal entry to record the transaction will consist of a debit to Cash for the amount of $600,000 and a credit (or credits) to:
Preferred Stock for $20,000 and Retained Earnings for $580,000.
Or
Retained Earnings for $600,000
(10,000 shares*$60 per share )
Or
Preferred Stock for $600,000
(10,000 shares*$60 per share )
which of the following would make thebest topic sentence
Answer:
I need a choice...
Explanation:
The following data pertains to Michalko Corp. Assuming that the risk-free rate is 4.2% and the market risk premium is 6.2%, calculate Michalko's weighted-average cost of capital.
Michalko Corp.
Total Assets $14,680
Interest-Bearing Debt $19,100
Average borrowing rate for debt 11%
Common Equity:
Book Value $5,120
Market Value $25,700
Marginal Income Tax Rate 40%
Market Equity Beta 1.25
Answer:
Michalko's weighted-average cost of capital is 9.65 %.
Explanation:
Weighted Average Cost of Capital (WACC) is the return that is required by providers of Long term sources of finance.
WACC = Ke x (E/V) + Kp x (P/V) + Kd x (D/V)
Therefore,
Ke = Cost of Equity
= Return on Risk free Security + Beta x (Return on Market Portfolio - Return on Risk free Security)
= 4.2% + 1.25 × 6.2%
= 11.95 %
E/V = Market Weight of Equity
= $25,700/ ($25,700 + $19,100)
= 0.57
Kd = Cost of Debt
= Market Interest x ( 1 - tax rate)
= 11% × (1 - 0.40)
= 6.60 %
D/V = Market Weight of Debt
= $19,100/($25,700 + $19,100)
= 0.43
Thus,
WACC = Ke x (E/V) + Kd x (D/V)
= 11.95 % × 0.57 + 6.60 % × 0.43
= 9.65 %
At the end of 2010, a $5,000 understatement was discovered in the amount of the 2010 ending inventory as reflected in the perpetual inventory records. What were the 2010 effects of the $5,000 inventory error (before correction)?
a. Assets were understated by $5,000 and pretax income was understated by $5,000.
b. Assets were understated by $5,000 and pretax income was overstated by $5,000.
c. Cost of goods sold was understated by $5,000 and pretax income was understated by $5,000.
d. Cost of goods sold was overstated by $5,000 and pretax income was overstated by $5,000.
Answer:
a. Assets were understated by $5,000 and pretax income was understated by $5,000.
Explanation:
Inventory are part of Current Assets in the Balance Sheet. This means that when they are understated, the Assets are also understated. Also understated inventory means that cost of sales are overstated in the Income Statement and consequently, Gross Profit and Pre-tax Income are understated.
A survey of small businesses with Web sites found that the average amount spent on a site was $11,500 per year (Fortune, March 5, 2001). Given a sample of 60 businesses and a population standard deviation of $4000, what is the margin of error (o decimals)? Use 95% confidence. What sample size would you recommend if the study required a margin of error of $500 (0 decimals)?
Answer: Margin of error 1012.144.
I would recommend a sample size of 246.
Explanation:
Given data:
Mean= M = $11,500
Standard deviation =s = $4,000
sample size=n= 60
s x = standard error of mean
=s / square root of n= 516.4 = ( 4000 / square root of 60)
Confidence level= 95%
Therefore, Significance level= a (alpha) = 5% = 1- 0.95
No of trails= 2
This is so because it’s a 2 tailed test because we need to find the margin of error.
Since sample size= 60 >= 30
we will use normal distribution
Z at the 0.05 level of significance 2 tailed test = 1.96
Margin of error =z*s x
= 1.96*516.4
= 1012.144.
if the study requires us to assume a margin of error of $500, we will then need to increase the sample size
•Therefore,
Standard deviation =s = $4,000
confidence interval= 95%
Z corresponding to 95% and two tailed test is = 1.96
We have to ensure that Z* s x < $500
or s x < =500/Z
= 500/1.96
= or s x < 255.102041
But
s x=standard error of mean=s / square root of n
s = 4000
or n=(s ^2)/(s x^2)
= 4000^2/255.102041^2
= 246.
Therefore, the sample size should be increased to 246.
Assume Venture Healthcare sold bonds that have a ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value Suppose that two years after the bonds were issued, the required interest rate fell to 7 percent. What would be the bond's value? a. Suppose that two years after the bonds were issued, the required interest rate rose to 13 percent What would be the bond's value? b. What would be the value of the bonds three years after issue in each scenario above, assuming that interest rates stayed steady at either 7 percent or 13 percent?
Answer:
market rate falls to 7%
market price of bonds after 2 years:
PV of face value = $1,000 / 1.07⁸ = $582.01
PV of coupon payments = $120 x 5.9713 (PV annuity factor, 7%, 8 periods) = $716.56
market price = $1,298.57
market price of bonds after 3 years:
PV of face value = $1,000 / 1.07⁷ = $622.75
PV of coupon payments = $120 x 5.3893 (PV annuity factor, 7%, 7 periods) = $646.72
market price = $1,269.47
market rate increases to 13%
market price of bonds after 2 years:
PV of face value = $1,000 / 1.13⁸ = $376.16
PV of coupon payments = $120 x 4.7988 (PV annuity factor, 13%, 8 periods) = $575.86
market price = $952.02
market price of bonds after 3 years:
PV of face value = $1,000 / 1.13⁷ = $425.06
PV of coupon payments = $120 x 4.4226 (PV annuity factor, 13%, 7 periods) = $530.71
market price = $955.77
The following labor standards have been established for a particular product:
Standard labor-hours per unit of output 10.3 hours
Standard labor rate $14.10 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 8,100 hours
Actual total labor cost $110,970
Actual output 900 units
What is the labor efficiency variance for the month?
a. $16,029 F
b. $16,497 F
c. $19,737 F
d. $19,737 U
Answer:
Direct labor time (efficiency) variance= 16,497 favorable
Explanation:
Giving the following information:
Standard labor-hours per unit of output 10.3 hours
Standard labor rate $14.10 per hour
Actual hours worked 8,100 hours
Actual output 900 units
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 10.3*900= 9,270
Direct labor time (efficiency) variance= (9,270 - 8,100)*14.1
Direct labor time (efficiency) variance= 16,497 favorable
On January 1, 2017, the merchandise inventory of Glaus, Inc. was $1,600,000. During 2017 Glaus purchased $3,200,000 of merchandise and recorded sales of $4,000,000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Glaus at December 31, 2017?
a. $800,000.
b. $1,000,000.
c. $1,800,000.
d. $3,000,000.
Answer: $1,800,000
Explanation:
The merchandise inventory of Glaus at December 31, 2017 will be:
Begining Inventory = $1,600,000
Add: Purchases = $3,200,000
Less: Cost of goods sold = $4,000,000
Add: Gross profit = 25% × $4,000,000 = $1,000,000
Ending Inventory = $1,800,000
The answer is $1,800,000.
Does the number of foreclosures in the early 2000s support the statement that the American Economy has a free financial system?
Answer:
The number of foreclosures in the early 2000s support the statement that the American Economy has a free financial system is explained below in detail.
Explanation:
Federal Reserve acquisitions of federal agency securities and mortgage-backed agreements have decreased mortgage interest valuations, advancing home-buying more affordable. The Federal Reserve emerged new laws for credit cards, contracts, and other financial outputs following the furrow of the financial crisis.
Match the correct EFTA and PCI Standards.
report a stolen debit card
protect credit card data
place a stop payment on
recurring payments
maintain a secure network
Answer:
The Electronic Fund Transfer Act (EFTA) is an Act of Congress that was enacted to protect the transactions of customers transferring their funds by electronic means such as through Automated Teller Machines (ATMs) and debit cards.
The Payment Card Industry Data Security Standard (PCI DSS) is meant to ensure that financial institutions like banks have strong and secure network infrastructure to protect customers and their details.
EFTA
report a stolen debit card .place a stop payment on recurring payments.PCI
protect credit card data maintain a secure networkAnswer:
EFTA: report a stolen debit card, place a stop payment on recurring payments
PIC standards: protect credit card data, maintain a secure network
Explanation: my brain
First one to answer gets a brainly, look at the picture please
Answer:
c
Explanation:
Answer: B
Explanation:
In a common size income statement, each item on the income statement is expressed as a percentage of:_______.A. Net income.B. Gross margin (gross profit).C. Total expenses.D. Sales revenue.
Answer:
D. Sales revenue.
Explanation:
An income statement can be defined as a document that is used to record the amount of money entering into a business.
In a common size income statement, each item on the income statement is expressed as a percentage of sales revenue.
Sea Company reports the following information regarding its production costs:
Units produced 42,000 units
Direct labor $35 per unit
Direct materials $28 per unit
Variable overhead $17 per unit
Fixed overhead $105,000 in total
Compute the product cost per unit under absorption costing.
a. $28.00
b. $82.50
c. $80.00
d. $63.00
e. $35.00
Answer:
b. $82.50
Explanation:
The computation of the product cost per unit under absorption costing is shown below:
= Direct labor + Direct materials + variable overhead per unit + (Total fixed overhead ÷ Units produced)
= $35 + $28 + $17 + ($105,000 ÷ 42,000)
= $35 + $28 + $17 + $2.5
= $82.50 per unit
Hence, the product cost per unit under absorption costing is $82.50 per unit
Therefore the correct option is b. $82.50
what is pizza recipe
Answer:
Dough, sauce, cheese, garlic butter for the crust, if you wanna get fancy a dash of olive oil when its baked, and your ingredients
Explanation:
Montague (age 15) is claimed as a dependent by his parents, Matt and Mary. In 2019, Montague received $5,200 of qualified dividends, and he received $1,000 from a part-time job. What is his taxable income for 2019?
Answer: $4850
Explanation:
To calculate the federal income tax for Montague who is a dependent child, we should note that will the standard deduction that is allowable will be the one that is greater between paying $1,050 or the value of the earned income plus $350, but not exceeding $12,000.
This will then be calculated as:
Dividend = $5200
Add: Income from Part time job = $1000
Less: $1000 + $350 = $1350
Taxable income = $4850
Describe the various key ratios managers rely on, briefly explain what each type of ratio tells the financial manager, and give one specific example of each.
Answer: Liquidity and current ratio, Solvency Ratios and Financial Stability, Profitability Ratios and Margins
Explanation:
The various key ratios managers rely on are
1) Liquidity and the Current Ratio; is the commonly used ratio, and is the ratio of current assets to current liabilities. The ratio helps determine the company's ability to foot short term bills
2) Solvency Ratios and Financial Stability; This ratio describes the financial stability by measuring the company's debt in relation to it's assets and equity. Companies with a lot of debts may not be able to sustain themselves overtime if business conditions deteriorates
3) Profitability Ratios and Margins; defines the ability to convert sales dollars into profits and cash flow. The common ones are gross margin, operating margin and net income margin
7. If net sales decrease and cost of goods sold increases, the gross profit percentage
O A. decreases.
O B. will change based upon the change in total assets.
OC. increases.
D. remains the same.
Answer:
A. decreases.
Explanation:
When provided with the sales figure and the costs of golds sold (COGS), the calculation of gross profit will be the sales revenue minus the cost of goods sold.
I.e., Sale revenue - COGS = gross profit.
IF sales revenue is high and the cost of goods is low, a business will have a gross profit. The business will make losses if the cost of good s sold is greater than sales.
If sales revenue reduces and COGS increases, the gross profit percentage will decrease.
Do you think the buyer at Sealgood Instruments, Troy Smyrna, is practicing unethical behavior? First, what is the term for this behavior, and second, defend why you think it is ethical or unethical behavior.
Answer: The behavior is unethical
Explanation:
Ethical behavior could be described as doing the right thing in the right manner. Within and outside business organization, ethical behavior is compulsory, when an individual is not ethical in acts, it affects the other individual in both organizations and outside the organization.
The behavior by Troy Smyrna is unethical. The sharp practice is a situation where there is misrepresentation by the buyer and which he would have done better. The buyer didn't respect the services of the personnel attending to him
Moss County Bank agrees to lend the Crane Company $515000 on January 1. Crane Company signs a $515000, 6%, 9-month note. What entry will Crane Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30?
A-
Notes Payable 515000
Interest Payable 23175
Cash 538175
B-
Interest Payable 15450
Notes Payable 515000
Interest Expense 7725
Cash 538175
C-
Notes Payable 538175
Cash 538175
D-
Interest Expense 23175
Notes Payable 515000
Cash 538175
Answer:
Crane Company
The entry that Crane Company will make to pay off the note and interest at maturity assuming that interest has been accrued to September 30 is:
D-
Interest Expense 23,175
Notes Payable 515,000
Cash 538,175
Explanation:
a) Data and Calculations:
Notes payable = $515,000
Interest rate = 6% per annum
Interest expense for nine months = $23,175 ($515,000 * 6% * 9/12)
b) Interest Expense and Notes Payable will be debited with $23,175 and $515,000 while the Cash Account will be credited with $538,185. The cash account entry pays off the note payable with interest for nine months.
Troll Island is a small island nation that recently experienced an autonomous change in aggregate expenditures (AE). AE increased by 4 billion, and the marginal propensity to consume on Troll Island is equal to 0.7. What is the change in Troll Island's real GDP after the increase in AE?
Answer:
Change in real GDP = $13,333,332,000
Explanation:
MPC = 0.7
Change in real GDP = Change in autonomous spending * Autonomous spending multiplier
Change in real GDP = $4 billion * 1 / (1 - MPC)
Change in real GDP = $4 billion * 1 / 1 - 0.7
Change in real GDP = $4 billion * 3.33333
Change in real GDP = $13,333,332,000
Thus, the real GDP will rise by $13.33 billion
Together, Coca-Cola and Pepsi account for approximately ________ percent of the soft drink market.
a. 35
b. 45
c. 55
d. 65
e. 75
Answer:
e. 75
Explanation:
Not sure what year this question is referring to but as of 2019 Coca-Cola and Pepsi account for approximately 85 percent of the soft drink market. They have controlled the vast majority of this market since the 70's when Pepsi started making waves in the soft drink market. Effectively making the market into an oligopolistic market. Both of which continue to grow steadily as the year's pass. Therefore, for this question, I would put a 75% market control since 85% is not available.
2. Joe, a bartender, is typically “over” in his cash drawer by two or three dollars each shift. In the past, you have always thought that it is “better to be over than to be short” and have not worried about it. However, after reviewing chapter 12, you recognize that there might be a problem.
Why could this be a problem? What would you do?
Answer:
It will add up.
Explanation:
Money adds up very fast.
Describe techniques companies may use to enter or grow markets in other countries. Evaluate the benefits and pitfalls of several of these tactics.
Answer:
Companies enters the foreign market through several tactics. But it has both advantages and disadvantages in doing so.
Explanation:
If there are opportunities in the foreign of the goods and a good market prospects, one can invest and expand his or her business in the foreign market. However, there are some difficulties in entering a new market in other countries which may include new competition in the market as well adapting a new environment regulatory.
Some of the ways by which one can enter the foreign market are License agreement, joint ventures, online sales of product, purchasing some of the foreign assets, etc.
The advantages are :
-- Selling products online is a low cost method. It is more convenient than having a physical asset in the foreign land.
-- Cost of establishment is saved.
The disadvantages are :
-- The freight cost will be high to and from the country.
-- There will be no direct control and one will be reliable on the association.
-- The potential country may have some strict rules and regulations for business contracts, franchises, licenses or partnerships, etc.
Carmel Corporation is considering the purchase of a machine costing $45,000 with a 4-year useful life and no salvage value. Carmel uses straight-line depreciation and assumes that the annual cash inflow from the machine will be received uniformly throughout each year. In calculating the accounting rate of return, what is Carmel's average investment?
Answer:
($45,000 + $0)/2 = $22,500
Explanation:
we cant tell the percentage per year because we don't know how much they are paying in taxes annually.
A government spends money in order to
Answer:
The government spends money on: Social Security, Medicare, and other mandatory spending required by law. Interest on the debt--the total the government owes on all past borrowing. Discretionary spending, the amount Congress sets annually for all other programs and agencies.
Answer:
make sure government programs can function properly
Explanation:
AP3X
Ehrmann Data Systems is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note that a project's projected MIRR can be less than the WACC (and even negative), in which case it will be rejected.
WACC: 9%
Year 0 1 2 3
Cash flows -$1,000 $450 $450 $450
a. 13.70%
b. 13.84%
c. 13.28%
d. 17.29%
e. 14.53%
Answer:
the project's MIRR is 13.84 %
Explanation:
MODIFIED INTERNAL RATE OF RETURN (MIRR)
-It is the rate that causes the Present Value of the Terminal Value (Future Cash flows at the end of the Project) to equal Present Value of Cash outflows.
-MIRR assumes a reinvestment rate at the end of the project
The First Step is to Calculate the Terminal Value at end of year 3.
Terminal Value (FV) = Sum of (PV x (1 + r) ^ 3 - n)
= $450 x (1.09) ^ 2 + $450 x (1.09) ^ 1 + $450 x (1.09) ^ 0
= $534.65 + $490.50 + $450.00
= $1,475.15
The Next Step is to Calculate the MIRR using a Financial Calculator :
(-$1,000) CFj
0 CFj
0 CFj
$1,475.15 CFj
Shift IRR/Yr 13.84 %
Therefore, the project's MIRR is 13.84 %.
Which area is not protected by most homeowners insurance?
The home
Your view
Loss of use
Personal property
Homeowners insurance typically covers the home itself, personal property, and loss of use. But it does not cover the view from the home. So, the correct option is "Your view".
The view from a domestic isn't secured by Homeowners insurance since it isn't seen as a physical asset that can be insured.
The cost of repairs or substitution will not be secured by Homeowner's protections, if the house is harmed or destroyed by a secured event, such as a fire or surge. According to the perspective, they seem to have been able to get supplemental protections, but usually as a rule not secured by a conventional homeowner's security policy.
To understand what is and isn't covered, it is vital to carefully examine the Homeowner's insurance policy.
Learn more about Homeowners insurance, here:
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To promote your basket business, you plan to give away 10 baskets. Your price is $60 in your normal gross margin percentage is 50%. How much will they give away cost you and direct product costs?
Answer:
Give away cost = $600
Direct product cost = $300
Explanation:
Given:
Number of basket = 10
Price = $60
Margin = 50%
Computation:
Give away cost = Number of basket x Price
Give away cost = 10 x $60
Give away cost = $600
Direct product cost = Number of basket x Price x (1-margin)
Direct product cost = 10 x $60 x (1-50%)
Direct product cost = $300
Answer:$300
Explanation:
The two types of interaction diagrams are _____ diagrams.
A. use case and sequence
B. class and sequence
C. sequence and communication
D. object and communication
Answer:
B: class and sequence.
please brainlist answer
To increase and improve employees' work efforts in organizations, organizations should link ________ to ________ such as bonuses.
A. managerial control; motivation
B. motivation; goal congruence
C. performance measures; personal rewards
D. managerial effort; key success factors
Answer:
its c
Explanation: