Answer:
a. estimate the cost of inventory from incomplete records.
Explanation:
The gross profit method is used to estimate the cost of inventory from incomplete records. This is done by determining the amount of gross profit using the Sales Revenue and the Gross Profit Margin. Then finding the difference between the Cost of Goods available for sale and this Gross Profit to reach to the estimated cost of inventory.
The Patient Protection and Affordable Care Act subsidizes parts of the insurance industry in an attempt to lower insurance and health care costs.
O True
False
Answer:
the answer is true
Explanation:
How long do financial records remain on your credit report?
RetRyder Hand Trucks has a preferred share issue outstanding that pays a dividend of $1.30 per year. The current cost of preferred equity for RetRyder is 7.40 percent. If RetRyder issues additional preferred shares that pay exactly the same dividend and the investment banker retains 8.60 percent of the sale price, what is the cost of the new preferred shares for RetRyder?
What is the current price of preferred shares?
Answer:
Current price of preferred shares = P(ps)
= D/K(ps)
= $1.3 / 0.074
= 17.567568
= $17.56
Cost of preferred equity = Kps
= D / P(ps)*(1-f)
= $1.3 / $17.56(1 - 0.086)
= $1.3 / $16.04984
= 0.080998
= 8.09%
Each state can set its own minimum hourly wage. true or false
In central Florida, the demand for real estate has been increasing rapidly for years. Therefore, the _____ cost of capital is _____ in central Florida's orange groves.a) implicit;decreasingb) explicit;increasingc) implicit;increasingd) explicit;decreasing
Answer:
c) implicit; increasing
Explanation:
Implicit cost may be defined as the cost that has already been occurred in the past but is not necessarily being shown or being reported as some separate expense. It is known by different names like the implied cost, imputed cost, etc. Implicit is something that is not said or mentioned clearly but is implied or suggested.
In the context, the demand for the real estate has increased rapidly in the recent years. Thus we can conclude that the implicit cost of the capital of people has increased in the orange groves of Central Florid.
Increased government spending for investments such as highways or harbors financed by increasing the public debt would most likely:____________
Answer:
Complement private investment
Explanation:
Increased government spending for investments such as highways or harbors financed by increasing the public debt would most likely regulate economic growth and create additional employment opportunities.
The government stimulates the economy by investments in infrastructure projects like highways and harbors, which boosts demand for goods and services. Increasing output in response to this higher demand may result in the creation of new jobs.
It's crucial to remember that the effects of higher government spending and public debt on the economy can vary depending on a number of variables, including the general state of the economy, the effectiveness of the investments, and the capacity of the government to control the debt. Investments in infrastructure that are carefully aimed at specific needs can boost employment and economic growth.
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Stock X has a standard deviation of return of 10%. Stock Y has a standard deviation of return of 20%. The correlation coefficient between stocks is 0.5. If you invest 60% of the funds in stock X and 40% in stock Y, what is the standard deviation of the portfolio?A. 10%B. 20%C. 1.48%D. 12.20%
Answer:
D. 12.20%
Explanation:
Stock X Weight = 0.60
Stock Y Weight = 0.40
sdX = 10%
sdY = 20%
Portfolio Variance = w2X*sd2(X) + w2X*sd2(Y) + 2*(wX)*(wY)*Cov(X, Y)
Where: wX and wY are portfolio weights, sd2(X) and sd2(Y) are variances and
Cov(X, Y) is the covariance
Correlation = 0.5
Cov(X, Y) = Correlation * sd(X) * sd(Y)
= 0.50 * 0.10 * 0.20
= 0.01
Portfolio Variance = 0.60^2 * 0.10^2 + 0.40^2 * 0.20^2 + 2 * 0.60 * 0.40 * 0.01
Portfolio Variance = 0.0036 + 0.0064 + 0.0048
Portfolio Variance = 0.0148
sd(P) = √Variance = 0.121655 = 12.20%
The correct option is D.
The standard deviation of the portfolio is 12.20%.
The calculation is as follows:SD of Portfolio = Sqrt of (Wx^2 × SDx^2 + Wy^2 × SDy^2 + 2 × Wx × Wy ×SDx × SDy × correlation)
= Sqrt of (0.60^2 × 0.10^2 + 0.40^2 × 0.20^2 + 2 × 0.60 × 0.40 × 0.10 × 0.20 × 0.50)
= Sqrt of (0.0036 + 0.0064 + 0.0048)
= Sqrt of (0.0148)
= 12.2%
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Wolf Company is giving a net bonus check of $500 to all of its employees. If each of the payments are subject to FIT (22% supplemental rate) and FICA taxes, but no state taxes, the gross amount of each bonus check would be
a. $662.75
b. $710.73
c. $663.75
d. $656.00
e. None of these choices are correct.
Answer:
e. None of these choices are correct.
Explanation:
Calculation for the gross amount of each bonus check
Using this formula
Gross amount=Net bonus/(1-Supplemental rate-
FICA taxes)
Note that FICA taxes includes :
Social Security tax = 6.2%
Medicare tax on earnings=1.45%
Let plug in the formula
Gross amount=$500/(1-22%-6.2%-1.45%)
Gross amount=$500/(1-14.35%)
Gross amount=$500/0.1335
Gross amount= $3,745.32
Therefore the gross amount of each bonus check would be $3,745.32
Wolf Company is giving a net bonus check of $500 to all of its employees. If each of the payments are subject to FIT (22% supplemental rate) and FICA taxes, but no state taxes, the gross amount of each bonus check would be
Sunland Company purchased a new machine on October 1, 2017, at a cost of $80,360. The company estimated that the machine has a salvage value of $7,910. The machine is expected to be used for 70,800 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 2 decimal places, e.g. 5,275.25.) 2017 2018 The depreciation expense under the straight-line method
Answer:
2017 = $2,587.50
2018 = $10,350
Explanation:
The computation of the depreciation expense using the straight line method for the year 2017 and 2018 are shown below:
As we know that
The formula to compute the depreciation expense under the straight-line method is
= (Purchased Cost - salvage value) ÷ useful life
For 2017 year
= ($80,360 - $7,910) ÷ 7 year
= $10,350
For 3 months, it is
= $10,350 × 3 ÷ 12
= $2,587.50
And, for 2018, it is $10,350
Sandall and Schwartz describe six types of curriculum modifications that can help children with special needs participate fully; these include all EXCEPT:_______
a. Simplify activities.
b. Adaptive devices.
c. Specialized packaged and purchased curriculum.
d. Environmental support.
Answer:
Option C:specialized packaged and purchased curriculum.
Explanation:
It was a term from the building blocks curriculum (Sandall & Schwartz 2008). Specialized package are special programs for the children to aid their learning.
Programs that are good and help children grow Developmentally are based on What is known about how children develop and learn, individual differences between children, and qualities of their families and culture.
Developmentally good curriculum helps the various aspects of child development, individual differences, and the families and culture of the children in the program.
The beta of RicciCo.'s stock is 3.2, whereas the risk-free rate of return is 9 percent. If the expected return on the market is 18 percent, then what is the expected return on RicciCo.?a. 28.80%b. 48.60%c. 57.60%d. 37.80%
Answer:
d. 37.80%
Explanation:
Calculation for what is the expected return on RicciCo
Using this formula
Expected return = Risk free rate + Beta *(Market return - Risk free rate)
Let plug in the formula
Expected return = 9 + 3.2*(18-9)
Expected return = 9 + 3.2*9
Expected return= 37.80%
Therefore the expected return on RicciCo will be
37.80%
The next dividend payment by Hoffman, Inc., will be $2.85 per share. The dividends are anticipated to maintain a growth rate of 7.5% forever. Assume the stock currently sells for $49.30 per share. A. What is the dividend yield?B. What is the expected capital gains yield?
Answer:
A. Dividend yield;
= Next Dividend / Stock price
= 2.85/49.30
= 5.78%
B. Expected capital gains yield.
The stock price is going to increase by the amount that the dividend increases by so the capital gains yield will be the same as the growth rate which is;
= 7.5%
The Dodd Corporation, has 100,000 shares of common stock owned by its founder. Dodd owes $1,300,000 to its bank. Dodd has 11,400 customers. If the average ratio of total entity value to customers is $500 for a group of comparable public companies, what is its estimated stock value on a per share basis?
Answer:
$44 per share
Explanation:
The computation of the estimated stock value on a per share basis is shown below:
Total entity value is
= Total customer × average ratio
= 11,400 customers × $500
= $5,700,000
The value to the shareholder is
= Total value of the entity - debt
= $5,700,000 - $1,300,000
= $4,400,000
Now the estimated stock value on a per share basis is
= Value to the shareholder ÷ common stock shares
= $4,400,000 ÷ 100,000 shares
= $44 per share
Campers Unlimited sells 15 campers in their slow months and 35 campers in their busy months. If Campers Unlimited wanted to develop a flexible budget, what interval should they use between each activity index?
A : 15 units
B : 5 units
C : 1 unit
D : 20 units
An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts as a:_____.A. Credit in the financial account. B. Credit in the current account. C. Debit in the financial account. D. Debit in the current account.
Answer:
a
Explanation:
how to make the best of it and I will be there at last minute but I am not sure if I can make it to the meeting tonight but I will be there at last minute.
An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts as (A). Credit in the financial account.
So here is the explanationNow let's understand the man, for example, let's give an example. Now, let's say you have his business owners, Mr. A and Mr. J. Who is Mr. Kay, the customer that Mr. A sells? From now on $ 100 OK Mr. J is Mr. A's trusted customer. Mr. J told Mr. Al that he would pay within two months of the three months.
Expense reports are ok. You have now identified three accounts. However, understanding this example is very questionable to arrive at a solution.
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Activity rates from Mcelderry Corporation's activity-based costing system are listed below. The company uses the activity rates to assign overhead cost to products:
Processing customer orders $49.87 per order
Assembling products $2.88 per assembly hour
Setting up batches $18.26 per batch
Last year, Product Q06J involved 10 customer orders, 580 assembly hours, and 12 batches. How much overhead cost would be assigned to Product Q06J using the activity-based costing system?
a) 42,748.02
b) 2,388.22
c) 219.12
d) 71.01
Answer:
b) 2,388.22
Explanation:
Activity Cost Pool Activity Rates Activity Overhead cost
Processing customer 49.87 per order 10 498.7
orders
Assembling products 2.88 per assembly hour 580 1670.4
Setting up batches 18.26 per batch 12 219.12
Total Overhead cost assigned 2,388.22
Bank A has $25,500 in required reserves. The required reserve ratio is 10 percent. Bank A has total deposits of:_________.
Answer:
bank a total deposit is 2550
Suppose your company has an option that gives them the right to sell $1 for 5 Reals in 3 months, what would you recommend your company do with the option?
A- Do not use the option but sell coffee in Brazil
B- Throw the option aways as it is not useful
C- Do not use the option but buy coffee in Brazil
D- Use the option and buy coffee in Brazil
E- Use the option and sell coffee in Brazil
Answer:
E- Use the option and sell coffee in Brazil
Explanation:
Real is the currency of the country Brazil.
In the context, it is said that, the exchange rate of the one dollar is five Brazilian reals in three months. Therefore I would recommend the company to sell the coffee in Brazil because they have a higher rate of exchange and this will help to earn more profit.
Therefore, I would recommend to use the option and would sell coffee in Brazil.
There are 200 units in inventory at the start of week 1. What are the net requirements in week 4 if there is a scheduled receipt of 100 units every other week and a two week production lead time?
1 2 3 4 5
Gross Requirements 550 450 400 400 500
Scheduled receipts 100 0 100 0 100
Projected ending Inventory
Net Requirements
Planned Receipts 350 450
Planned Orders 350 300
a. 250
b. 300
c. 350
d. 400
Answer:
a. 250
Explanation:
______________________ 1 _____ 2 _____ 3 _____ 4
Gross Requirements _____ 550 ___450 ____400 ___400
Scheduled receipts ______ 100 ____ 0 _____ 100 ___ 0
Beginning Inventory _____ 200 ____100 ____ 100____150
Net Requirements _______ 250____350____ 200____250
Planned Receipts ________350 ____450_____350 ___ 300
Projected Ending Inventory _100____ 100_____ 150____ 50
Planned Orders __________350 ___ 300_____300____ 0
The net requirement in week 4 is 250 units
Working
Formulas or calculations
Net Requirements = Gross requirements - Schedule receipts - Beginning Inventory
Projected Ending Inventory = PLanned receipt - Net requirements
Week 4
Net Requirements = Gross requirements - Schedule receipts - Beginning Inventory
PLacing values in the formula
Net Requirements = 400 - 0 - 150 = 250
Revenue from product Y is $6,000, variable costs are $4,000, and allocated fixed costs are $3,000. If you drop product Y in the long term, profit will:_____.a. increase by $2,000.b. increase by $1,000.c. decrease by $3,500.d. decrease by $100.e. decrease by $2,000.
Answer:
e. decrease by $2,000.
Explanation:
The computation of the profit is shown below:
Contribution margin = Sales revenue from product Y - variable cost
= $6,000 - $4,000
= $2,000
Since there is a contribution margin of $2,000 that absorbs the allocated fixed cost till $2,000 so in the case when the product is discontinued it falls the profit by $2,000
hence, the correct option is e.
If you purchase Swiss Frac (CHF) 50,000 of supplies from Switzerland how much will this cost in US$ today:_________
Answer: $45647.45
Explanation:
To solve the question above, first we need to note that:
1 USD = 0.912949 Swiss Francs(CHF)
Therefore, we then convert 50,000 Swiss France to United States Dollars and this will be:
= 50000 × 0.912949
= $45647.45
Many people know the brand name BMW when thinking about automobile choices. This, or any, widely recognized brand name is a source of:________
a. A cost competitive advantage
b. Market augmentation
c. A product/service differentiation competitive advantage
d. A niche competitive advantage
Answer:
c. A niche competitive advantage
Explanation:
Note, the term niche is often synonymous with the term target market In other words, any widely recognized brand name like BMW has a niche competitive advantage, like been a luxury car, etc.
By niche, we mean when people think about a BMW they remember it's for the high-class persons, who fancy luxury cars, and there is this competitive advantage that arises as people long to get this high-class product.
Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 2,980 units in January, 2,750 units in February and 3,490 units in March. Each unit requires 0.7 hours of direct labor. The direct labor rate is $14 per hour. Compute the budgeted direct labor cost for the first quarter budget.
Answer:
Total direct labor cost= $90,356
Explanation:
First, we need to determine the total direct labor hour for each month:
January= 2,980*0.7= 2,086
February= 2,750*0.7= 1,925
March= 3,490*0.7= 2,443
Total direct labor hours= 6,454
Now, the direct labor cost for the first quarter:
Total direct labor cost= 14*6,454
Total direct labor cost= $90,356
Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of soft at a cost of $2.00 per yard. During the month of January, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. What is Zeta Corporation's materials price variance for the month of January? a. $2.000 F b. $2,000 U c. $2.500 F d. $2,500 U
Answer:
Direct material price variance= $2,500 favorable
Explanation:
Giving the following information:
The standards for each cap allow 2.00 yards of soft for $2.00 per yard. During January, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (2 - 2.1)*25,000
Direct material price variance= $2,500 favorable
The ________ is composed of department heads from both end-user and information systems areas.
a. project team
b. project management group
c. corporate strategic planning committee
d. IS steering committee system
e. planning committee
Answer:
d. IS steering committee system
Explanation:
The IS steering committee system is composed of department heads from both end-user and information systems areas.
The sales level that results in a project's net income exactly equaling zero is called the _____ break-even.
A) operational
B) leveraged
C) accounting
D) cash
E) present value
Answer:
i think it c
Explanation:
Andrew sold IBM stock to his sister Susan for $6,000. Andrew purchased the stock two years ago for $8,000. Susan sold the stock through her broker for $7,300. How much gain or loss did Susan recognize on the sale?
a. $700 loss
b. No gain or loss
c. $1,300 gain
Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
Last month Peggy Company had a $30,310 profit on sales of $350,000. Fixed costs are $92,190 a month. What sales revenue is needed for Peggy to break even? (Round your answer to the nearest dollar amount.)
A. $122,500
B. $380,310
C. $30,310
D. $263,400
Answer:
D. $263,400
Explanation:
Calculation for the What sales revenue is needed for Peggy to break even
First step is to calculate the contribution ratio
Contribution ratio=(30,310 + 92,190)/350,000
Contribution ratio= 35%
Second Step will be to calculate the Sales Revenue
Sales Revenue=92,190/35%
Sales Revenue= $263,400
Therefore What sales revenue is needed for Peggy to break even is $263,400
List 5 Skills that demonstrate good professionalism:
A firm has a debt-to-equity ratio of 1/4. The WACC is 18.6%, and the pretax cost of debt is 9.4%. What is the cost of common equity if the tax rate is 21%?
Answer:
The cost of common equity is 22.32%.
Explanation:
This can be calculated using the weighted average cost of capital (WACC) formula as follows:
WACC = (WS * CE) + (WD * CD * (1 - T)) ……………… (1)
Where;
WACC = Weighted average cost of capital = 18.6%, or 0.186
WS = Weight of Market value of common shares outstanding = 1 - WD = 1 - 0.25 = 0.75
WD = Weight of debt = Debt-to-equity ratio = 1/4 = 0.25
CE = cost of common equity = ?
CD = Pretax cost of debt = 9.4%, or 0.094
T = Tax rate = 21%, or 0.21
Substituting the values into equation (1) and solve for CE, we have:
0.186 = (0.75 * CE) + (0.25 * 0.094 * (1 - 0.21))
0.186 = (0.75 * CE) + 0.018565
0.75 * CE = 0.186 - 0.018565
0.75 * CE = 0.167435
CE = 0.167435 / 0.75
CE = 0.223246666666667, or 22.3246666666667%
Rounding to two decimal places, we have:
CE = 22.32%
Therefore, the cost of common equity is 22.32%.