Answers
Explanation:
i think A is the correct answer
The money required to save every month to buy a home to collect $21.990 in 30 months would be the option c. $733.
To calculate the monthly saved amount we need to understand that the total amount should be equally divided into 30 months:
total amount = monthly saved money* number of monthsmonthly saved money = [tex]\dfrac{\text{Total amount}}{\text{Number of months}}[/tex]Given:
Total amount: 21,990
Number of months: 30
Solution:
Putting given variables in the second formula we derived above:
monthly saved money = [tex]\frac{21990}{30}[/tex]
monthly saved money = 733
thus, the correct amount to be saved every month would be - $733
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Related Questions
The competitive firm's supply curve is equal to A. the portion of its marginal cost curve that lies on and above AFC. B. its marginal cost curve. C. the portion of its marginal cost curve that lies on and above AC. D. the portion of its marginal cost curve that lies on and above AVC.
Answers
Answer:
a. the portion of its marginal cost curve that lies above the AVC
Explanation:
In short run, a perfectly competitive produces as long as its price is above its AVC, so revenues can cover total variable cost. If price is below AVC, the firm has to shut down. Since such a firm maximizes profit by equating Price with MC, this condition means that firm's supply curve is its MC curve lying above the (minimum point of) AVC curve.
You have $15,000 to invest and would like to create a portfolio with an expected return of 10.1 percent. You can invest in Stock K with an expected return of 8.8 percent and Stock L with an expected return of 12.4 percent. How much will you invest in Stock K
Answers
Answer:
$9,583.33
Explanation:
The computation of the amount invested in the stock K is shown below
Let us assume the amount invested in stock K be Y
So according to this, following formula should be used
The Expected return of portfolio × Amount invested = Expected return of K × Amount invested in K + Expected return of L × Amount invested in L
0.101 × $ 15,000 = 0.088 × Y + 0.124 × ( $ 15,000 - Y )
$1,515 = 0.088Y + $ 1,860 - 0.124Y
0.036Y = $ 345
Y = $ 345 ÷ 0.036
= $9,583.33
When preparing a statement of cash flows, a decrease in accounts receivable during a period would cause which one of the following adjustments in determining cash flow from operating activities? Direct Method Indirect Method Decrease Decrease Increase Increase Increase Decrease
Answers
Answer:
Increase Increase
Explanation:
financial accounting, statement of cash flow can be regarded as a financial statement that gives the summary of values of amount cash as well as cash equivalent that enters or leave a firm. It gives the measurement of the well management of cash position of a company. It should be noted that When preparing a statement of cash flows, a decrease in accounts receivable during a period the adjustments in determining cash flow from operating activities is that Direct Method increases, Indirect Method increases.
John decides to take his annual Christmas bonus of $2,000 and invest it each year for the next five years, in stock he believes can earn an 8% annual return. How much will John's investment be worth at the end of the five years
Answers
Answer:
FV= $11,733.20
Explanation:
Giving the following information:
Annual deposit= $2,000
Number of periods= 5 years
Interest rate= 8% = 0.08
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.08^5) - 1]} / 0.08
FV= $11,733.20
An advertising campaign is:
O A. a set of games customers can play to see whether or not they like
a product.
O B. a mass media device used to make advertisements more
interactive.
OC. a method of finding the best customers by determining their race
and age.
OD. a series of targeted activities aimed to make customers aware of
a product.
Answers
Answer:
D. a series of targeted activities aimed to make customers aware of
a product.
Explanation:
Advertising is the use of media to communicate messages that create awareness of a particular product or service. It is the relaying of persuasive information to a targeted audience with the expectation of increasing the sales of a product.
An advertising campaign will involve a series of events and messages to convince the targeted audience to buy the advertised product. The campaign communicates the benefits of the advertised product and gives reasons why customers should consume it. An advertising campaign is not a single event but a series of marketing activities that could last for days, weeks, or even months.
In January, Gamma Company sold 2,000 units of its product at a price of $20 per unit. Its COGS (cost of goods sold) for January totaled $20,000, and its SG&A (selling, general and administrative) costs totaled $16,000. If Gamma Company is expecting to sell 2,200 units in February, how much is the expected profit for February? (assume that the sales price will not change, and that 2,200 units is in the relevant range
Answers
Answer:
The expected profit for February is $6,000
Explanation:
It is assumed that the COGS is the variable cost and SG&A is the fixed cost.
First we need to determine the sale value of February
Sales = Selling Price x Number of Units sold = $20 per unit x 2,200 = $44,000
Now Calculate the COGS
COGS = Numbers of units sold x COGS per unit = 2,200 units x $20,000 / 2,000 = $22,000
As the SG&A is assumed to be a fixed cost, so it will remains the same.
Now calculate the Expected Profit for February
Profit = Sales - COGS - SG&A = $44,000 - $22,000 - $16,000 = $6,000
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $11 each or to produce them in-house. Either of two processes could be used for in-house production; Process A would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and Process B would have an annual fixed cost of $180,000 and a variable cost of $8 per unit. Determine the range of annual volume for which each of the alternatives would be best.
Answers
Answer:
If the firm is going to need less than 50,000 motors, they should purchase them from the outside vendor.
If the firm is going to use between 50,000 to 59,999 motors, it should use process A.
If the firm expects to use 60,000 or more motors per year, it should use process B.
Explanation:
Process A:
contribution margin per unit = $11 - $7 = $4
break even number of units = $200,000 / $4 = 50,000 units
Process B:
contribution margin per unit = $11 - $8 = $3
break even number of units = $180,000 / $3 = 60,000 units
On January 1, 2021, Poole Inc. purchased a bottle filler at a cost of $40,000. The equipment is expected to last eight years and have a residual value of $4,000. During its eight-year life, the equipment is expected to produce 250,000 units of product. In 2021 and 2022, 42,000 and 76,000 units, respectively, were produced. Required: Compute depreciation for 2021 and 2022 and the book value of the bottle filler at December 31, 2021 and December 31, 2022, assuming the double-declining-balance method is used.
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $40,000
Salvage value= $4,000
Useful life= 8 years
To calculate the depreciation per year using the double-declining balance method, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2021:
Annual depreciation= 2*[(40,000 - 4,000) / 8]
Annual depreciation= $9,000
Book value= 40,000 - 9,000= $31,000
2022:
Annual depreciation= 2*[(36,000 - 9,000) / 8]
Annual depreciation= $6,750
Book vale= 31,000 - 6,750= $24,250
The composite interest rate (what the market price is) includes, just the pure interest rate none of the above. the pure interest rate plus allowances for financial uncertainty, tax preferences, and anticipated effect of price level changes. the inflation premium minus the pure rate.
Answers
Answer:
the pure interest rate plus allowances for financial uncertainty, tax preferences, and anticipated effect of price level changes
Explanation:
The rate of the compound interest involved the rate of interest i.e. pure also the allowance for the financial i.e. uncertainity, the preference of taxes, and the expected impact of the change in the price level
Therefore as per the given situation, the option 2 is correct as it represents the market price or the compound rate of interest
Therefore the same is to be considered
During December, the production department of a process operations system completed and transferred to finished goods a total of 79,000 units of product. At the end of December, 14,000 additional units were in process in the production department and were 65% complete with respect to materials. The beginning inventory included materials cost of $58,800 and the production department incurred direct materials cost of $186,900 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
Answers
Answer:
$2.81
Explanation
Completed and transferred (79,000 * 100%) 79,000
Ending Work in Process
Direct materials (14,000*60%) 8,400
Equivalent units 87,400
Costs of beginning inventory $58,800
Costs incurred this period $186,900
Total costs $245,700
Cost per equivalent unit = Total costs / Equivalent units
Cost per equivalent unit = $245,700 / 87,400
Cost per equivalent unit = 2.811212814645309
Cost per equivalent unit = $2.81
A coupon bond that pays semiannual interest is reported in the Wall Street Journal as having an ask price of 111% of its $1,000 par value. If the last interest payment was made 2 months ago and the coupon rate is 5.40%, the invoice price of the bond will be _________.
Answers
Answer:
$2,220
Explanation:
Calculation for what the invoice price of the bond will be
Invoice price = 1.11(1,000) + 30(2/0.054)
Invoice price =1,110+30(37)
Invoice price=1,110+1,110
Invoice price=$2,220
Therefore the invoice price of the bond will be $2,220
If the marginal rate of technical substitution for a cost minimizing firm is -10, and the wage rate for labor is $5, what is the rental rate for capital in dollars
Answers
Answer:
$ -0.5
Explanation:
From the information given:
The marginal rate of technical submission MRTS = -10
Wages W = $5
The marginal rate of technical submission MRTS = Wages/ Rental rate of capital
∴
Rental rate of capital = Wages/marginal rate of technical submission MRTS
Rental rate of capital = 5/-10
Rental rate of capital = $ -0.5
if the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit at month end, and a check for $600 was erroneously charged by the bank against the account, the adjusted bank statement ending balance should be:
Answers
Answer:
Adjusted bank balance amount = $30600
Explanation:
Computation table;
Particular Amount
Bank balance $36,000,
Less : Outstanding checks $10,000
$26,000
Add: deposit end of month $4,000
Add : Bank charged $600
Adjusted bank balance amount $30,600
Create your own WBS is for a project by using the mind-mapping approach. Break at least two level two items down to level four. Try to use mind view software from www.matchword.com, if possible. You can also create a mind map by using similar mind mapping software or a tool like powerpoint.
PLEASE HELPPPP
Answers
The WBS is a foundational building block to initiating, planning, executing, and monitoring and controlling processes that are used to manage projects as they are described in the PMBOK® Guide—Third Edition (PMI, 2004). Typical examples of the contribution that the WBS makes to other processes are described and elaborated in the Practice Standard for Work Breakdown Structures–Second Edition (PMI, 2006).
Based on the following information from Schrute Company's balance sheet, calculate the current ratio. Current assets $ 141,000 Investments 60,800 Plant assets 430,000 Current liabilities 57,000 Long-term liabilities 108,000 A. Schrute, Capital 466,800
Answers
Answer:
2.47
Explanation:
Current ratio measure Liquidity of the firm and is calculated as ;
Current ratio = Current Assets ÷ Current Liabilities
Where,
Current Assets = $ 141,000
Current Liabilities = $57,000
Then,
Current ratio = $ 141,000 ÷ $57,000
= 2.47
At the beginning of the year, a firm has current assets of $320 and current liabilities of $224. At the end of the year, the current assets are $477 and the current liabilities are $264. What is the change in net working capital
Answers
Answer: $780 dollars
Explanation:
Hill Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 1,200 units that cost $60 each. During the month, the company made two purchases: 500 units at $58 each and 2,000 units at $56 each. Hill Company also sold 2,150 units during the month. Using the periodic FIFO method, what is the cost of ending inventory
Answers
Answer:
$86,800
Explanation:
With regards to the above, first we need to add up all the units
= 1,200 units + 500 units + 2,000 units
= 3,700 units
The next step is to deduct the additional units sold from the total units
= 3,700 units - 2,150 units
= 1,550 units
The next step is to multiply $56, which is the value for last 2,000 units purchased to get the ending inventory.
= 1,550 units × $56
= $86,800
Therefore, the cost of ending inventory, using the periodic FIFO method is $86,800
What would happen in the market for loanable funds if the governemnt increases the tax on interest income?
Answers
Answer: c. The supply of loanable funds would shift left.
Explanation:
An increase on taxes on interest income will reduce the earnings of savers who are the suppliers of loanable income. Some of those savers will divest from savings and look for other forms of investment to make better earnings from.
This flight from savings will reduce the savings held in banks and therefore the supply of loanable funds will reduce as well which will shift the supply curve to the left.
Gunk Co. reported an asset retirement obligation on its 2019 financial statements. The present value of the liability for the asset retirement obligation at the end of 2019 was $393. The company's discount rate is 8%. What is the amount of accretion expense Gunk will record in 2020 related to the asset retirement obligation
Answers
Answer:
$31.44
Explanation:
The accretion expense each year will be calculated as = Present value of the Asset retirement obligation at the end of the previous year * Discount Rate
Hence, the amount of accretion expense Gunk will record in 2020 related to the asset retirement obligation
= $393 * 8%
= $31.44
A firm in a perfectly competitive market has an average total cost of $40 for the 100th good it sells. Its fixed costs are $100. The average total cost of the 101th good is $41. If the market price is $50 this firm should g
Answers
Answer:
b. Sell only 100 goods because the marginal cost of the 101th exceeds marginal revenue
Explanation:
Options "Sell 101 goods because it adds to profit. Sell only 100 goods because the marginal cost of the 101th exceeds marginal revenue. Sell 101 goods because its fixed costs are so low. Sell 101 because price is greater than average total costs."
When it produces 100 units, total cost = average cost * units = $40 * 100 = $4,000.
When it produces 101 units, total cost = average cost * units = $41 * 101 = $4,141
So, the marginal cost of the 101st unit = $4,141 - $4,000 = $141. However, since the price is $50, the marginal revenue is $50.
So, the marginal cost of the 101st unit is higher than the marginal revenue.
After a company chooses the modules they want to implement, they must decide on _______options, which allow the customer to customize the modules to fit their business to some extent
Answers
Answer:
The correct option is (b) Configuration
Explanation:
The configuration is an arrangement of the parts to make it as a whole. Also it is used to customize the modules. It could be used so that proper working could be done
As in the question it is given that after selecting the modules for implementation they have to decide the configuration so that it permits the customer to do the customization with related to the modules that fit into their business
Therefore the correct option is (b) Configuration
Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Total Cost Total Net Realizable Value 101 $ 154,000 $ 117,000 102 111,000 127,000 103 77,000 67,000 104 47,000 67,000 Required: 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. 2. Assuming that inventory write-downs are common for Tatum Company, record any necessary year-end adjusting entry.
Answers
Answer:
Tatum Company
1. The carrying value of inventory at December 31, 2021 is:
$342,000
2. Adjusting Journal Entry:
Debit Inventory write-downs $47,000
Credit Inventory $47,000
To record the write-down of inventory value to LCNRV.
Explanation:
a) Data and Calculations:
Product Total Cost Total Net Reali- LCNRV Write-downs
zable Value
101 $ 154,000 $ 117,000 $ 117,000 $ 37,000
102 111,000 127,000 111,000 0
103 77,000 67,000 67,000 10,000
104 47,000 67,000 47,000 0
Total $ 389,000 $ 378,000 $ 342,000 $ 47,000
A company issues $50,000 of 4% bonds, due in 5 years, with interest payable semiannually. Assuming a market rate of 3%, the bonds issue for $52,306. Calculate interest expense as of the first semiannual interest payment.
Answers
Answer:
interest payment would be $1,046.12
Explanation:
We calculate the Interest expense for the first semiannual interest payment by constructing the Bond amortization schedule.
To construct this amortization schedule we will collect the data as follows :
PV = - $52,306
PMT = ($52,306 × 4%) ÷ 2 = $1,046.12
P/yr = 2
N = 5 × 2 = 10
YTM = 3%
FV = $52,306
Using a Financial Calculator to input the values as above, the schedule can be constructed as
BOND AMORTIZATION SCHEDULE
Period Principle Interest Payment Balance
Start $52,306
1st $261.53 $784.59 $1,046.12 $52,044
Conclusion
Thus, interest payment would be $1,046.12
why profit is maximized when MR=MC?
Answers
Answer:
Explanation written attached.
Explanation:
please give thanks, hope this helps
Rivian is considering an trucking assembly. The R1T assembly has an expected life of 5 years, will cost $95 million, and will produce net cash flows of $37 million per year. Inflation in operating costs and battery costs is expected to be zero, and the company's cost of capital is 10%. What is the equivalent annual annuity?
Answers
Answer:
Rivian
The equivalent annual annuity is:
$28,053,400.
Explanation:
a) Data and Calculations:
R1T assembly investment cost = $95,000,000
Net cash flows = $37,000,000 per year
Cost of capital = 10%
Period of investment and annuity = 5 years
Annuity factor = 3.791
Present value of annuity = (3.791 * $37,000,000)/5
= 140,267,000/5
= $28,053,400
b) The net cash flows of $37 million per year will produce an annuity value of $28,053,400. In comparison with the investment cost in the R1T assembly, the present value of the annuity is reasonable.
Fran is considering permanently closing down her beauty salon. A consultant advises her that if she stays open for business, she will have operating revenues of $300,000 and operating costs of $280,000. In addition, Fran has paid $40,000 for fixtures that can be resold for $15,000 after she closes the beauty salon. Explain whether Fran should close down the beauty salon.
Answers
Answer:
Operating revenue, R = $300000
Operating Cost, C = $280000
Fixed Cost, F = $40000
Salvage value of fixtures, S = $15000
If it remains open, its value will be = R - C - F + S = 300000 - 280000 - 40000 + 15000 = -$5,000
If the salon closes down, its value will be = S - F = 15000 - 40000 = -$25000 .
Fran should remain open as the value of the salon if remaining open (-$5,000) is more than the value of closing it (-$25,000).
Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on January 1, 2016. Alden financed $39,169,279, and the note agreement will require $10.07 million in annual payments starting on December 31, 2016 and continuing for a total of four more years (final payment December 31, 2020). Kenworthy will charge Alden Trucking Company the market interest rate of 9% compounded annually. After the first payment was made, the note payable liability on December 31, 2016 is closest to:___________
A) $29,099,279.
B) $34,134,279.
C) $40,280,000.
D) $32,624,514.
Answers
Answer:
D) $32,624,514.
Explanation:
Installments (A) = $10,070,000
Principal due (B) = $39,169,279
Interest Payment (C) =B x 9% = $39,169,279*9%
Interest Payment (C) = $3,525,235
Principal Payment (D) = A - C
Principal Payment (D) = $10,070,000 - $3,525,235
Principal Payment (D) = $6,544,765
Total Due (E) = B - D
Total Due (E) = $39,169,279 - $6,544,765
Total Due (E) = $32,624,514
So, after the first payment was made, the note payable liability on December 31, 2016 is closest to $32,624,514
The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,050. A total of 39 direct labor-hours and 261 machine-hours were worked on the job. The direct labor wage rate is $20 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $22 per machine-hour. The total cost for the job on its job cost sheet would be:
Answers
Answer:
Total cost= $8,572
Explanation:
First, we need to calculate the direct labor and allocated overhead:
Direct labor cost= 39*20= $780
Allocated overhead= 22*261= $5,742
Now, we can determine the total cost:
Total cost= direct material + direct labor + allocated overhead
Total cost= 2,050 + 780 + 5,742
Total cost= $8,572
is considering permanently shiutting down a department that has an annual contribution margin of $25,000 and $75,000 in annual fixed costs. Of the fixed costs, $19,500 cannot be avoided. What would the annual financial advantage (disadvantage) for corp. if the company shuts down the department
Answers
Answer:
Avoidable fixed costs = $75,000 - $19,500 = $55,500
Segment margin = Contribution margin - Avoidable fixed costs
Segment margin = $25,000 - $55,500
Segment margin = -$30,500
If the department were eliminated, the company would eliminate the department's negative segment margin of $30,500
Suppose a perfectly competitive market is suddenly transformed into a monopoly (all competing firms are consolidated into a single entity). We would expect price to _____, output to _____, consumer surplus to _____ and deadweight loss to _____.
Answers
just you know what it must be that i think
Explanation:
suppose a perfectly competitive market is sufdenly what think so