Answer:
Will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $119,250.
Explanation:
Based on the information given we were told that the tickets that was sold for the 2018 football season was the amount of $318,000 which means that if a total of 8 games will be played during the month of September in which in the month of September only three games were played. The adjusting journal entry at September 30 will be :
Dr Unearned Ticket Revenue $119,250
Cr Ticket Revenue for $119,250.
($318,000 × 3games/8games=$119,250)
Peter has just paid $100 for a comic book, not because he thinks it is worth $100 or because he likes comic books, but because he thinks he can sell it for $200 next month. Peter is:
Answer:
investing
Explanation:
buying somthing to sell later because of the profit
CTSOs are especially helpful for people who are applying for which things? Check all that apply.
Explanation:
I believe it's for employment, military, college
Answer:
Employment. Military Services. College.
Explanation:
Construction ManagementA construction company is building a new neighborhood, and they are currently working on the design. Each house will be built using one of three main materials (e.g., wood, brick, or concrete), but no side-by-side houses can be made of the same material. Because each house will be of varying size and complexity, the cost of the materials for each house varies. Given the cost of using each material for each house, what is the minimum cost needed to complete the neighborhood
Answer:
Answer is described below.
Explanation:
POINTS TO NOTE:
1. Each house will be built using one (only one) of three major building materials - wood, brick, concrete.
2. The linear (in a line or side-by-side) arrangement of the houses will be such that no house will have the same material as the one beside it.
3. The cost of materials for each house will vary.
ANSWER: The minimum cost needed to complete the neighborhood depends on two things;
- The cost of each type of house (cost of a wood house, cost of a brick house, cost of a concrete house)
- The number of each type of house to be built. Or, the number of houses to be built; bearing in mind that they must be arranged without consecutive repetition. Hence, how much will a wood house cost? How much will a brick house cost? How much will a concrete house cost?
Knowing these, the minimum cost needed to complete the neighborhood can be found. If it's going to be 6 houses in the neighborhood for instance and a wood house costs $40, a brick house costs $50 and a concrete house costs $60; the minimum cost to set up the neighborhood will be:
2(40) + 2(50) + 2(60) = 80+100+120 = $300
The number of each type of house will be 2 because same-material houses cannot stay side-by-side. If the rule wasn't there and all the houses were to be concrete, the total cost would be 6(60) = $360
Management anticipates fixed costs of $74,200 and variable costs equal to 35% of sales. What will pretax income equal if sales are $342,000?
A. $119,700.
B. $148,100.
C. $267,800.
D. $45,500.
E. $183,750.
Answer:
Pretax profit= $148,100
Explanation:
Giving the following information:
Management anticipates fixed costs of $74,200 and variable costs equal to 35% of sales.
Sales= $342,000
To calculate the pretax profit, we need to use the following formula:
Pretax profit= sales*contribution margin rate - fixed costs
Contribution margin rate= 1 - varaible cost rate
Contribution margin rate= 0.65
Pretax profit= 342,000*0.65 - 74,200
Pretax profit= $148,100
Problem 8-2A Record notes payable and notes receivable (LO2)
[The following information applies to the questions displayed below.]
Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $40.6 million cash on October 1, 2015, to provide working capital for anticipated expansion. Precision signs a one-year, 8% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end.
1. Prepare the journal entries on October 1, 2015, to record the issuance of the note.
2. Record the adjustment on December 31, 2015.
3. Prepare the journal entry on September 30, 2016, to record payment of the notes payable at maturity
Answer:
1. Prepare the journal entries on October 1, 2015, to record the issuance of the note.
Journal entry for Precision Castparts
Dr Cash 40,600,000
Cr Notes payable 40,600,000
Journal entry for Midwest Bank
Dr Notes receivable 40,600,000
Cr Cash 40,600,000
2. Record the adjustment on December 31, 2015.
Journal entry for Precision Castparts
Dr Interest expense 812,000
Cr Interest payable 812,000
Journal entry for Midwest Bank
Dr Interest receivable 812,000
Cr Interest revenue 812,000
3. Prepare the journal entry on September 30, 2016, to record payment of the notes payable at maturity
Journal entry for Precision Castparts
Dr Notes payable 40,600,000
Dr Interest expense 2,436,000
Dr Interest payable 812,000
Cr Cash 43,848,000
Journal entry for Midwest Bank
Dr Cash 43,848,000
Cr Notes receivable 40,600,000
Cr Interest receivable 812,000
Cr Interest revenue 2,436,000
Based on the module, describe three strategies that can help you use credit wisely.
The number of individuals who experience credit problems has grown in recent years. What factors have contributed to this growth? What should be done to reduce this
Answer:
If you're talking about credit card for the first question here u go... Spend within your means. The best way to avoid credit card debt is to pay your balance in full each month.Make monthly payments on time. ...Keep a low utilization ratio. Understand your credit card terms. Don't open too many accounts in a short period of time.
Explanation:
....
I hope this is helpful?
Jill runs a factory that makes lie detectors in Little Rock,Arkansas.This month,Jill's 34 workers produced 690 machines.Suppose Jill adds one more worker and,as a result,her factory's output increases to 700.Jill's marginal product of labor from the last worker hired equals ________.A) 10B) 20C) 690D) 700E) None of the above answers is correct.
Answer:
1077927
Explanation:
*$-$)7794459०२2८जेइकेप्ग्व्व्ज्सोबीओस्क्ब्सु
स्ज्व्ह्जेहेगेओज्स्ज्स ज्श्स्सीज्झ्र्क
An investor implements a collar strategy by purchasing 100 shares of the Tesla stock at a price of $840 per share, selling 100 call options on the Tesla stock with a strike price $880 per share, and buying 100 put option on the Tesla with a strike price of $800. The premium of the call option is $35 per share and the premium of the put option is $32. At which stock price at the maturity of the option will the investor break even
Answer: $837
Explanation:
The following information can be gotten from the question:
Purchase price = $840 per share
Premium of call option = $35 per share
Premium of put option = $32 per share
From the above, the premium received will be:
= $35 - $32 = $3
Investors break even will then be:
= Purchase price - Premium received
= $840 - $3
= $837
On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.
Freight-in $4,800
Purchases 509500
Purchase discounts 8000
Purchase returns and allowances 2700
Sales revenue 807000
Sales discounts 6000
Sales returns and allowances 10,900
At December 31, 2020, Novak determines that its ending inventory is $66,500.
Required:
Compute Novak's 2020 gross profit.
Compute Novak's 2020 operating expenses if net income is $143,000 and thre are no nonoperating activities.
Answer:
Gross Profit ⇒ $296,500Operating expenses ⇒ $153,500Explanation:
Gross Profit;
= Net sales - Cost of Goods sold
Net sales = Sales revenue - sales discounts - sales returns and allowances
= 807,000 - 6,000 - 10,900
= $790,100
Cost of Goods sold
= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance
= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500
= $493,600
Gross Profit = 790,100 - 493,600
= $296,500
Operating Expense
Net Income = Gross profit - operating expenses
143,000 = 296,500 - operating expenses
Operating expenses = 296,500 - 143,000
= $153,500
ok but seriously don't click on the site in the comments...unless you want to
Answer:
Thanks?
Explanation:
explain the scope of macro economic.
Have you ever had your dream crushed before
Answer:
yes but dont let it slip away
Explanation:
All employees of United Company are covered by a group hospitalization insurance plan, but the employees must pay the premiums ($8,000 for each employee). None of the employees has sufficient medical expenses to deduct the premiums. Instead of giving raises next year, United is considering paying the employee's hospitalization insurance premiums. If the change is made, the employee's after-tax and insurance pay will:
Answer:
a.Increase more for the higher income (35% marginal tax bracket) employees.
Explanation:
As in the question it is mentioned that the United company will pay the premium of $8,000 on behalf of each employee so it would be compensated from the salary of the employee and it could be comes under the taxable income
Therefore as per the given options, the option a is correct as it would be taxed at 35% tax rate from the salaries of the employees
Therefore all the other options are incorrect
Computer user support Is another narme for:
A. Customer service
B. Technical support
C. Network support
D. Information security
Answer: Technical support
Explanation: Computer user support, knows also as technical support, is responsible for providing help and support to individuals and organizations using computers and various equipment. They respond through phone calls and also through emails, in order to provide a service so that it is available in different ways for its users. In various situations, it is necessary for the support technician to make a visit as there are situations that cannot be done through calls or emails.
Vital Silence Corp. has just issued a 30-year callable, convertible bond with a coupon rate of 6.4 percent and annual coupon payments. The bond has a conversion price of $93.40. The company's stock is selling for $28.60 per share. The owner of the bond will be forced to convert if the bond's conversion value is ever greater than or equal to $1,140. The required return on an otherwise identical nonconvertible bond is 7.4 percent. Assume a par value of $1,000.
a. What is the minimum value of the bond?
b. If the stock price were to grow by 10.8 percent per year forever, how long would it take for the bond's conversion value to exceed $1,140?
Answer:
a. $880.74
b. 13 years
Explanation:
a. Conversion ratio = Current Value of bond / Conversion price = 1,000 / 93.4 = 10.71
Conversion price of bond = 10.71 × 28.60 = $306.31
Coupon = Par value of bond * Coupon rate = $1,000 * 6.4% = $64
Present value of straight debt is calculated below:
Present Value = $64 × [1-(1+7.4%)^-30 / 7.4%] + [$1,000 / (1+7.4%)^30]
= $64*11.93 + $117.46
= $763.28 + $117.46
= $880.74 .
Therefore, the minimum value of bond is $880.74
b. Conversion ratio = 10.71
Current stock price = $28.6
Suppose number of year the stock will take to reach above $1,140 is t.
Conversion value = Current stock price * Conversion ratio*(1+10.8%)^t
$1,140 = $28.6 * 10.71 * (1.108)^t
(1.108)^t = 3.7218
t = 12.8145 year.
t = 13 years
We can express a firm in terms of a call/put option. In this context, the equity in the firm is like the (a) with its strike price being the face value of debt. From another perspective, stockholders position is equivalent to holding a portfolio of a long
2 position of the (b), a short position of the (c), and a long position of the (d). Which of the following has the correct answers for blanks (a)-(d) in that order?
A. futures on the firm; firm; put option on the firm; risk-free zero-coupon bond
B. put option on the firm; firm; call option on the firm; risk-free zero-coupon bond
C. call option on the firm; firm; put option on the firm; risk-free zero-coupon bond
D. put option on the firm; firm; risk-free zero-coupon bond; call option on the firm
E. call option on the firm; firm; risk-free zero-coupon bond; put option on the firm
Answer:
E. call option on the firm; firm; risk-free zero-coupon bond; put option on the firm
Explanation:
As we know that
If we add the stock price and the put i.e. equivalent to the call and the risk free bond
In an equation form, it can be presented below
Put + stock price = call + PV(risk free bond)
So according to the above equation form, the option E is correct as it fits to the current situation given in the question
Hence, the correct option is E
And, the rest of the options are wrong
i would just like the people who run this know that priyanka2003 gave an incorrect answer
Answer:
Bruh thats mean smh
Explanation:
Stock in CDB Industries has a beta of .97. The market risk premium is 7.2 percent, and T-bills are currently yielding 4.2 percent. The most recent dividend was $2.60 per share, and dividends are expected to grow at an annual rate of 5.2 percent indefinitely. If the stock sells for $48 per share, what is your best estimate of the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
11.04%
Explanation:
Using CAMP
Cost of Equity= Risk Free rate +Beta *Market risk Premium
= 4.2% + 0.97 *7.2%
= 11.18%
Using Dividend Discount Model:
Cost of Equity = (D1 / P0)+g
g= Growth rate =5.2% =0.052
D1 = Current Dividend * (1+g) = 2.60 * (1 +0.052) = 2.7352
P0 = Current Price =$48
Hence Cost of Equity = (2.7352 /48) + 0.052
=0.10898
=10.90%
Average Cost of Equity = (11.18+ 10.9 )/ 2 = 11.04%
Which factor would credit card companies most likely use to determine an
applicant's creditworthiness?
A. Hourly wages
B. Languages spoken
C. Political party
D. Size of family
A factor that credit card companies would most likely use to determine an applicant's creditworthiness is Hourly wages.
Credit card issue
When you apply for a credit card, you’re required to share an array of personal information on your application. This will include details like your name, address, Social Security number and current employment status. You’ll also be asked to list your income on your application, although the type of income card issuers ask for can vary depending on the card issuer.
Determination of hourly wages
Not all credit card issuers will ask for your annual net income. Some may explicitly ask for your gross income. If you are paid an hourly wage, on the other hand, you may need to figure out your gross income using last year’s tax return or by multiplying your gross weekly income by the number of weeks you work within a year.
Thus, A factor that credit card companies would most likely use to determine an applicant's creditworthiness is Hourly wages.
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Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2019. Its inventory at that date was $1,100,000 and the relevant price index was 100. Information regarding inventory for subsequent years is as follows: Inventory at Current Date Current Prices Price Index December 31, 2020 $1,284,000 107 December 31, 2021 1,450,000 125 December 31, 2022 1,625,000 130 What is the cost of the ending inventory at December 31, 2021 under dollar-value LIFO
Answer: $1,175,000
Explanation:
Cost of ending inventory December 31, 2021;
= December 2019 ending inventory + {(Inventory at 2021 price/2021 index * 2019 index) - December 2019 ending inventory} * 2021 index / 2019 index
= 1,100,000 + {(1,450,000/125 * 100) - 1,100,000} * 125/100
= 1,100,000 + 75,000
= $1,175,000
Define the three economic effects of oligopoly
Answer:
Some of the oligopoly effects are discussed as follows:
i. Restriction on output:
Implies that oligopoly results in small output and high prices as compared to other market structures, such as perfect competition.
ii. Price exceeds average costs:Implies that under oligopoly, there are restrictions on entry of new organizations. Thus, organizations charge prices more than the average costs. Therefore, consumers have to pay more in case of oligopoly market.
iii. Lower Efficiency:
Leads to non-optimum levels of output. This is because the output produced under oligopoly depends on the market share held by the organization. Thus, the oligopoly organizations fail to build the optimum scales of economies and achieve optimum output.
iv. Selling Costs:
Refer to high promotional costs. The oligopolists engage in high promotion tasks to take the share of its rivals. Thus, the resources are wasted in form of high selling costs which do not add to the satisfaction of customers.
Apart from aforementioned points, oligopoly shows the poor performance from various other angles. From the point of economic welfare, it fails to satisfy customers since the price charged is very high, even more than average costs. In addition, sometimes oligopolists may face wasteful fluctuations in output as the output is not determined optimally.
HOPE IT HELPS.
If on November 26,2017, The Dow Jones industrial average closed at 12,743.40, which was down 237.44 that day. what was the return (in percent) of stock market that day?
Answer:
-1.83%
Explanation:
The closing price was 12,743.40, which was down by .
it means that the opening price was
$12,743.40 + $237.44 = $12,980.44.
The percentage return will be the
return/ original price x 100
=- - 237.44/12,980.44 x 100
= - 0.018291574 x 100
= - 1.83%
Macmillan Toys Inc. is looking to expand internationally and wishes to develop a new product line that is highly localized while keeping their cost structure below that of their rivals. Macmillan Toys Inc. has been successful with implementing a blue ocean strategy in their main strategic business units and as such wishes to pursue a ________ strategy for their international operations. Multiple Choice transnational multidomestic international global standardization
Answer:
Multi domestic strategy
Explanation:
Blue Ocean strategy is one in which a company puts emphasis on having a product that had more quality than the competition.
This implies that the company can make more profit as consumers are willing not pay higher price for the product.
Macmillan Toys Inc. is looking to expand internationally and wishes to develop a new product line that is highly localized while keeping their cost structure below that of their rivals.
They can do this by adopting the multidomestic strategy.
This strategy is designed to get maximum local response by tailoring the product and marketing approach to the country in which they are selling.
So different countries will have their unique product specifications
Macmillan Toys Inc. has been successful with implementing a blue ocean strategy in their main strategic business units and as such wishes to pursue a Transnational strategy.
What is a Transnational Strategy?A transnational strategy is adopted by businesses that wish to conduct their affairs across various nations.
This strategy ensures that there is cooperation and synergy between all the operational branches of the nation across the world. This strategy will be adopted by Macmillan Toys Incorporated.
Learn more about Transnational Strategy here:
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ABC Inc.'s capital structure is 40% debt, 15% preferred, and 45% common equity, and its tax rate is 40%. For financing, (a) ABC sold a non-callable bond several years ago that now has 15 years to maturity with 8% annual coupon, paid semiannually, at a price of $1,065, and a par value of $1,000. (b) ABC sold a perpetual preferred stock for $95.50 per share, with a $7.50 annual dividend and a flotation cost of 3.00% of the price. (c) ABC also has beta
Answer:
The answer is B (im pretty sure)
Hope this helps plz consider marking brainliest
Explanation:
differences between generic and enterprise competition
Explanation:
Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person.
hope it helps!
Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1 Current assets: Cash$ 142$ 161 Accounts receivable, net212232 Inventory244203 Prepaid expenses1111 Total current assets$ 609$ 607 Total current liabilities$ 364$ 335 Sales on account in Year 2 amounted to $1,415 and the cost of goods sold was $915. The current ratio at the end of Year 2 is closest to:
Answer: 1.67
Explanation:
Current ratio is calculated by dividing the Current Assets by Current liabilities and measures to what extent current assets can be used to cover current liabilities if need be.
Current Liabilities year 2= Current Assets/ Current Liabilities
= 609/364
= 1.67
The Aros smart window air conditioner has gone through all of the first five stages of the product development process, and the marketing team has its marketing mix figured out for the product. They launch the product through the Quirky website to a broader market than the test group, in order to see if the positioning and messaging for the product hits the right mix for the market. What is the marketing team doing in this stage
Answer:
They are testing the product's marketing mix with a wider market and validating its effectiveness
Explanation:
Marketing mix is a combination of factors that a company considers when they are marketing a product to the consumer.
They are price, product, place, and promotion.
For sales of a product to be successful the marketing mix must be effective in the target consumers.
Tests are carried out on a test sample of buyers and then to a larger population to test efficacy of the marketing mix before launching the product.
In the given scenario Aros Smart window launched the product through the Quirky website to a broader market than the test group, in order to see if the positioning and messaging for the product hits the right mix for the market.
They are testing the product's marketing mix to determine its effectiveness
Estes Park, Inc., has declared a dividend of $6.20 per share. Suppose capital gains are not taxed, but dividends are taxed at 30 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $113 per share, and the stock is about to go ex-dividend. What do you think the ex-dividend price will be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
the ex-dividend price is $108.66
Explanation:
The computation of the ex-dividend price is shown below:
The Aftertax dividend is
= Dividend × (1 - tax rate)
= $6.20 (1 - 0.30)
= $4.34
Now the exdividend price is
= Selling price of a share - after tax dividend
= $113 - $4.34
= $108.66
hence, the ex-dividend price is $108.66
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Kazi Ltd. a manufacturer of powder soap wants to double their previous financial year profit which was Sh. 5 Million, through improved sales strategies and aggressive marketing. The following data was provided. p = 320, v = 110, f = Sh. 1.2 Million i) Determine Profit if sales are 35,000 units
Answer:
the profit in the case when the sale is 35,000 units is 6,150,000
Explanation:
The computation of the profit is as follows:
= (Selling price - variable cost) × number of units sold - fixed cost
= (320 - 110) × 35,000 units - sh. 1.2 million
= 7,350,000 - 1,200,000
= 6,150,000
Hence, the profit in the case when the sale is 35,000 units is 6,150,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
In the challenging world of retail sales, Macy's, Inc.'s (M's) revenues are declining while expenses are generally flat. Based on recent conversations with management at Macy's, analysts believe that dividends will decline at a rate of 7% perpetually. The firm just paid a dividend of $5.10 per share and the required return on the stock is 3%
a) At what price should a share of M stock sell today? (2 pts.)
b) Calculate what the stock should sell for 8 years from now. 12 pts.)
c) Briefly explain, perhaps with the aid of a single calculation, why an investor would still be interested in buying the stock today even though the stock price is predicted to fall acrosats time. (2 pts.)
Answer
a) Gordon's Constant Growth model : P0 = D1 / (r-g)
r = 3% =0.03 , g= -7% = -0.07 , D0 = $5.1
D1 = D0*(1+g)
D1 = 5.1*(1-0.07)
D1 = $4.743
P0 = 4.743/(0.03- (-0.07))
P0 = 4.743/0.10
P0 = $47.43
So, Stock M should sell at a price of $47.43 today
b) Price 8 years from now
==> P8 = D9/(r-g)
P8 = D0*(1+g)^9/(r-g)
P8 = 5.1* (1-0.07)^9 / (0.03- (-0.07))
P8 = 5.1*0.52041108298 / (0.03- (-0.07))
P8 = 2.65410
P8 = $26.54
c) Investor may want to buy the stock today for the Dividends. If the dividends paid are high enough, the present value of the dividends is also high and may more than compensate the fall in stock price. This type of stocks work and give cash flows like a project where the initial cashflows are higher and later cashflows are less because of market factors.